<script>var index_url='https://www.sec.gov/Archives/edgar/data/000070405120000060/0000704051-20-000060-index.html';var data_url='https://www.sec.gov/Archives/edgar/data/704051/000070405120000060/'</script><script src='/static/js/iframe.js'></script><link href='static/css/iframe.css' rel='stylesheet'><script src='/static/js/docgraph_iframe.js' type='module'></script>%PDF-1.5
1 0 obj
<</Type /Pages
/Kids [3 0 R 5 0 R 7 0 R 9 0 R 11 0 R 13 0 R 15 0 R 17 0 R 19 0 R 21 0 R 23 0 R 25 0 R 27 0 R 29 0 R 31 0 R 33 0 R 35 0 R 37 0 R 39 0 R 41 0 R 43 0 R 45 0 R 47 0 R 49 0 R 51 0 R 53 0 R 55 0 R 57 0 R 59 0 R 61 0 R 63 0 R 65 0 R 67 0 R 69 0 R 71 0 R 73 0 R 75 0 R 77 0 R 79 0 R 81 0 R 83 0 R 85 0 R 87 0 R 89 0 R 91 0 R 93 0 R 95 0 R 97 0 R 99 0 R 101 0 R 103 0 R 105 0 R 107 0 R 109 0 R 111 0 R 113 0 R 115 0 R 117 0 R 119 0 R 121 0 R 123 0 R 125 0 R 127 0 R 129 0 R 131 0 R 133 0 R 135 0 R 137 0 R 139 0 R 141 0 R 143 0 R 145 0 R 147 0 R 149 0 R 151 0 R 153 0 R 155 0 R 157 0 R 159 0 R 161 0 R 163 0 R 165 0 R 167 0 R 169 0 R 171 0 R 173 0 R 175 0 R 177 0 R 179 0 R 181 0 R 183 0 R 185 0 R 187 0 R 189 0 R 191 0 R 193 0 R 195 0 R 197 0 R 199 0 R 201 0 R 203 0 R 205 0 R 207 0 R 209 0 R 211 0 R 213 0 R 215 0 R 217 0 R 219 0 R 221 0 R 223 0 R 225 0 R 227 0 R 229 0 R 231 0 R 233 0 R 235 0 R 237 0 R 239 0 R 241 0 R 243 0 R 245 0 R 247 0 R 249 0 R 251 0 R 253 0 R 255 0 R 257 0 R 259 0 R 261 0 R 263 0 R 265 0 R 267 0 R 269 0 R 271 0 R 273 0 R 275 0 R 277 0 R 279 0 R 281 0 R 283 0 R 285 0 R 287 0 R 289 0 R 291 0 R 293 0 R 295 0 R 297 0 R 299 0 R 301 0 R 303 0 R 305 0 R 307 0 R 309 0 R 311 0 R 313 0 R 315 0 R 317 0 R 319 0 R 321 0 R 323 0 R 325 0 R 327 0 R 329 0 R 331 0 R 333 0 R 335 0 R 337 0 R 339 0 R 341 0 R 343 0 R 345 0 R 347 0 R 349 0 R 351 0 R 353 0 R 355 0 R 357 0 R 359 0 R 361 0 R 363 0 R 365 0 R 367 0 R 369 0 R 371 0 R 373 0 R 375 0 R 377 0 R 379 0 R 381 0 R 383 0 R 385 0 R 387 0 R 389 0 R]
/Count 194>>
endobj
3 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 4 0 R>>
endobj
4 0 obj
<</Length 16629>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 266.85 742.25 Td (UNITED ST) Tj ET Q
q 0 0 0 rg BT 319.74 742.25 Td (A) Tj ET Q
q 0 0 0 rg BT 326.22 742.25 Td (TES) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 198.60 730.25 Td (SECURITIES ) Tj ET Q
q 0 0 0 rg BT 261.13 730.25 Td (AND EXCHANGE COMMISSION) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 259.60 719.45 Td (W) Tj ET Q
q 0 0 0 rg BT 268.10 719.45 Td (ashington, D.C. 20549) Tj ET Q
BT /F2 12.00 Tf ET
q 0 0 0 rg BT 273.50 705.05 Td (FORM ) Tj ET Q
BT /F2 12.00 Tf ET
q 0 0 0 rg BT 313.16 705.05 Td (10-K) Tj ET Q
BT /F2 12.00 Tf ET
q 0 0 0 rg BT 338.49 705.05 Td ( ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 694.25 Td (\(Mark One\)) Tj ET Q
/GS0 gs
q 6.60 0 0 8.44 69.50 672.81 cm
/I1 Do Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 83.50 675.15 Td (ANNUAL) Tj ET Q
q 0 0 0 rg BT 121.50 675.15 Td ( REPOR) Tj ET Q
q 0 0 0 rg BT 154.94 675.15 Td (T) Tj ET Q
q 0 0 0 rg BT 160.78 675.15 Td ( PURSUANT) Tj ET Q
q 0 0 0 rg BT 211.87 675.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 213.96 675.15 Td (T) Tj ET Q
q 0 0 0 rg BT 219.80 675.15 Td (O SECTION 13 OR 15\(d\) OF) Tj ET Q
q 0 0 0 rg BT 333.22 675.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 335.31 675.15 Td (THE�SECURITIES EXCHANGE ) Tj ET Q
q 0 0 0 rg BT 467.10 675.15 Td (ACT) Tj ET Q
q 0 0 0 rg BT 485.94 675.15 Td ( OF) Tj ET Q
q 0 0 0 rg BT 500.35 675.15 Td ( 1934) Tj ET Q
BT /F1 10.00 Tf ET
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 227.75 660.45 Td (For) Tj ET Q
q 0 0 0 rg BT 241.58 660.45 Td ( the fiscal year) Tj ET Q
q 0 0 0 rg BT 297.15 660.45 Td ( ended) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 322.40 660.45 Td ( ) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 324.65 660.45 Td (Mar) Tj ET Q
q 0 0 0 rg BT 341.48 660.45 Td (ch�31, 2020) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 384.23 660.45 Td ( ) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 301.80 649.65 Td (or) Tj ET Q
/GS0 gs
q 6.60 0 0 8.44 69.50 628.21 cm
/I2 Do Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 83.50 630.55 Td (TRANSITION REPOR) Tj ET Q
q 0 0 0 rg BT 173.95 630.55 Td (T) Tj ET Q
q 0 0 0 rg BT 179.79 630.55 Td ( PURSUANT) Tj ET Q
q 0 0 0 rg BT 230.88 630.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.97 630.55 Td (T) Tj ET Q
q 0 0 0 rg BT 238.81 630.55 Td (O SECTION 13 OR 15\(d\) OF) Tj ET Q
q 0 0 0 rg BT 352.23 630.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 354.32 630.55 Td (THE SECURITIES EXCHANGE ) Tj ET Q
q 0 0 0 rg BT 486.11 630.55 Td (ACT) Tj ET Q
q 0 0 0 rg BT 504.95 630.55 Td ( OF) Tj ET Q
q 0 0 0 rg BT 519.36 630.55 Td ( 1934) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
288.5 603.15 m
361.5 603.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
385.5 603.15 m
458.5 603.15 l
s
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 155.00 607.41 Td (For the transition period from) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 291.00 607.41 Td (�) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 374.95 607.41 Td (to) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
205 580.15 m
318 580.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
318 580.15 m
406 580.15 l
s
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 222.50 584.41 Td (Commission file number:) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 342.00 584.41 Td (001-08529) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
90.5 532.15 m
145.5 532.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
145.5 532.15 m
200.5 532.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 532.15 m
255.5 532.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
255.5 532.15 m
310.5 532.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.5 532.15 m
365.5 532.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 532.15 m
369.5 532.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 532.15 m
520.5 532.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
90.5 506.15 m
145.5 506.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
145.5 506.15 m
200.5 506.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 506.15 m
255.5 506.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
255.5 506.15 m
310.5 506.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.5 506.15 m
365.5 506.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 506.15 m
369.5 506.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 506.15 m
520.5 506.15 l
s
BT /F1 10.00 Tf ET
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 262.45 536.55 Td (LEGG MASON, INC.) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 212.00 523.41 Td (\(Exact name of registrant as specified in its charter\)) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 220.00 510.55 Td (MD) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 422.75 510.55 Td (52-1200960) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 119.95 497.41 Td (\(State or other jurisdiction of incorporation or or) Tj ET Q
q 0 0 0 rg BT 294.57 497.41 Td (ganization\)) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 379.10 497.41 Td (\(I.R.S. Employer Identification No.\)) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
188 468.15 m
298 468.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
298 468.15 m
343 468.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343 468.15 m
349 468.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 468.15 m
371 468.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
371 468.15 m
423 468.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
188 468.15 m
298 468.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
298 468.15 m
343 468.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343 468.15 m
349 468.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 468.15 m
371 468.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
371 468.15 m
423 468.15 l
s
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 197.25 472.60 Td (100 International Drive) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 301.15 472.60 Td (Baltimor) Tj ET Q
q 0 0 0 rg BT 335.48 472.60 Td (e) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 345.50 472.60 Td (,) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 351.50 472.60 Td (MD) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 385.25 472.60 Td (21202) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 207.60 457.61 Td (\(Address of principal executive of) Tj ET Q
q 0 0 0 rg BT 330.47 457.61 Td (fices\)) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 379.60 457.61 Td (Zip Code) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177 430.15 m
268 430.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
268 430.15 m
277 430.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277 430.15 m
291 430.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 430.15 m
315 430.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315 430.15 m
327 430.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
327 430.15 m
434 430.15 l
s
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 284.50 434.55 Td (\() Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 295.75 434.55 Td (410) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 317.50 434.55 Td (\)) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 329.50 434.55 Td (539-0000) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 210.15 421.41 Td (\(Registrant's telephone number) Tj ET Q
q 0 0 0 rg BT 321.88 421.41 Td (, including area code\)) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 381.15 m
179 381.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
183 381.15 m
263 381.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
267 381.15 m
562 381.15 l
s
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 51.50 398.55 Td (Securities r) Tj ET Q
q 0 0 0 rg BT 95.07 398.55 Td (egister) Tj ET Q
q 0 0 0 rg BT 120.39 398.55 Td (ed pursuant to Section 12\(b\) of the ) Tj ET Q
q 0 0 0 rg BT 254.65 398.55 Td (Act:) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 79.70 385.55 Td (T) Tj ET Q
q 0 0 0 rg BT 85.62 385.55 Td (itle of each class) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 191.45 385.55 Td (T) Tj ET Q
q 0 0 0 rg BT 197.12 385.55 Td (rading Symbol) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 330.40 385.55 Td (Name of each exchange on which r) Tj ET Q
q 0 0 0 rg BT 463.22 385.55 Td (egister) Tj ET Q
q 0 0 0 rg BT 488.54 385.55 Td (ed) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 56.00 372.41 Td (Common stock, $0.10 par value) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 215.75 372.41 Td (LM) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 365.50 372.41 Td (New ) Tj ET Q
q 0 0 0 rg BT 384.41 372.41 Td (Y) Tj ET Q
q 0 0 0 rg BT 390.01 372.41 Td (ork Stock Exchange) Tj ET Q
BT /F1 10.00 Tf ET
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 50.00 350.95 Td (Securities r) Tj ET Q
q 0 0 0 rg BT 93.57 350.95 Td (egister) Tj ET Q
q 0 0 0 rg BT 118.89 350.95 Td (ed pursuant to Section 12\(g\) of the ) Tj ET Q
q 0 0 0 rg BT 252.65 350.95 Td (Act:  NONE) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 328.45 Td (Indicate by check mark if the registrant is a well-known seasoned issuer) Tj ET Q
q 0 0 0 rg BT 317.80 328.45 Td (, as defined in Rule 405 of the Securities ) Tj ET Q
q 0 0 0 rg BT 465.77 328.45 Td (Act. ) Tj ET Q
BT /F3 9.00 Tf ET
q 0 0 0 rg BT 483.27 328.45 Td ( ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 485.27 328.45 Td (  ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 489.43 328.45 Td (Y) Tj ET Q
q 0 0 0 rg BT 495.03 328.45 Td (es) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 502.53 328.45 Td ( ) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 504.78 326.51 cm
/I3 Do Q
/GS0 gs
q 9.00 0 0 9.18 511.38 326.51 cm
/I4 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 520.38 328.45 Td (No ) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 533.63 326.51 cm
/I5 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 316.75 Td (Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15\(d\) of the ) Tj ET Q
q 0 0 0 rg BT 444.64 316.75 Td (Act.  ) Tj ET Q
q 0 0 0 rg BT 464.05 316.75 Td (Y) Tj ET Q
q 0 0 0 rg BT 469.65 316.75 Td (es ) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 479.39 314.81 cm
/I6 Do Q
/GS0 gs
q 9.00 0 0 9.18 486.00 314.81 cm
/I7 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 495.00 316.75 Td (No) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 506.00 316.75 Td ( ) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 508.25 314.81 cm
/I8 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 305.05 Td (Indicate by check mark whether the registrant \(1\) has filed all reports required to be filed by Section 13 or 15\(d\) of the Securities Exchange ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 293.35 Td (Act of 1934 during the preceding 12 months \(or for such shorter period that the registrant was required to file such reports\), and \(2\) has been ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 281.65 Td (subject to such filing requirements for the past 90 days.����) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 258.12 281.65 Td (Y) Tj ET Q
q 0 0 0 rg BT 263.72 281.65 Td (es) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 271.22 281.65 Td (��) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 275.72 279.71 cm
/I9 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 282.32 281.65 Td (����No��) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 306.82 279.71 cm
/I10 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 313.43 281.65 Td (�) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 269.95 Td (Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 258.25 Td (Rule 405 of Regulation S-T) Tj ET Q
q 0 0 0 rg BT 149.83 258.25 Td ( \(�232.405 of this chapter\) during the preceding 12 months \(or for such shorter period that the registrant was ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 246.55 Td (required to submit such files\).    ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 166.39 246.55 Td (Y) Tj ET Q
q 0 0 0 rg BT 171.99 246.55 Td (es) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 179.49 246.55 Td (��) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 183.99 244.61 cm
/I11 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 190.59 246.55 Td (���No��) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 212.84 244.61 cm
/I12 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 219.45 246.55 Td (�) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 234.85 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q
q 0 0 0 rg BT 250.00 234.85 Td (ge accelerated filer) Tj ET Q
q 0 0 0 rg BT 318.09 234.85 Td (, an accelerated filer) Tj ET Q
q 0 0 0 rg BT 390.67 234.85 Td (, a non-accelerated filer) Tj ET Q
q 0 0 0 rg BT 475.25 234.85 Td (, a smaller reporting ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 223.15 Td (company) Tj ET Q
q 0 0 0 rg BT 82.41 223.15 Td (, or an emer) Tj ET Q
q 0 0 0 rg BT 125.22 223.15 Td (ging growth company) Tj ET Q
q 0 0 0 rg BT 203.62 223.15 Td (. See the definitions of �lar) Tj ET Q
q 0 0 0 rg BT 300.43 223.15 Td (ge accelerated filer) Tj ET Q
q 0 0 0 rg BT 368.52 223.15 Td (,� �accelerated filer) Tj ET Q
q 0 0 0 rg BT 438.34 223.15 Td (," �smaller reporting company) Tj ET Q
q 0 0 0 rg BT 546.90 223.15 Td (,� ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 211.45 Td (and "emer) Tj ET Q
q 0 0 0 rg BT 86.74 211.45 Td (ging growth company" in Rule 12b-2 of the Exchange ) Tj ET Q
q 0 0 0 rg BT 283.63 211.45 Td (Act.) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 53.00 192.21 Td (Lar) Tj ET Q
q 0 0 0 rg BT 65.41 192.21 Td (ge accelerated filer) Tj ET Q
/GS0 gs
q 6.60 0 0 8.44 179.65 190.01 cm
/I13 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 405.00 192.21 Td (Accelerated filer) Tj ET Q
/GS0 gs
q 6.60 0 0 8.44 531.65 190.01 cm
/I14 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 53.00 180.21 Td (Non-accelerated filer) Tj ET Q
/GS0 gs
q 6.60 0 0 8.44 179.65 178.01 cm
/I15 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 405.00 180.21 Td (Smaller reporting company) Tj ET Q
/GS0 gs
q 6.60 0 0 8.44 531.65 178.01 cm
/I16 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 405.00 168.21 Td (Emer) Tj ET Q
q 0 0 0 rg BT 424.33 168.21 Td (ging growth company) Tj ET Q
/GS0 gs
q 6.60 0 0 8.44 531.65 166.01 cm
/I17 Do Q
BT /F1 10.00 Tf ET
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 153.75 Td (If an emer) Tj ET Q
q 0 0 0 rg BT 95.81 153.75 Td (ging growth company) Tj ET Q
q 0 0 0 rg BT 174.22 153.75 Td (, indicate by check mark if the registrant has elected not to use the extended transition period for complying ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 142.05 Td (with any new or revised financial accounting standards provided pursuant to Section 13\(a\) of the Exchange ) Tj ET Q
q 0 0 0 rg BT 437.88 142.05 Td (Act.  ) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 457.63 140.11 cm
/I18 Do Q
/GS0 gs
q 9.00 0 0 9.18 464.23 140.11 cm
/I19 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 130.35 Td (Indicate by check mark whether the registrant has filed a report on and attestation to its management�) Tj ET Q
q 0 0 0 rg BT 423.37 130.35 Td (s assessment of the ef) Tj ET Q
q 0 0 0 rg BT 501.19 130.35 Td (fectiveness of its ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 118.65 Td (internal control over financial reporting under Section 404\(b\) of the Sarbanes-Oxley ) Tj ET Q
q 0 0 0 rg BT 355.15 118.65 Td (Act \(15 USC 7262\(b\)\) by the registered public ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 106.95 Td (accounting firm that prepared or issued its audit report.   ) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 254.94 105.01 cm
/I20 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 95.25 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the Exchange ) Tj ET Q
q 0 0 0 rg BT 449.12 95.25 Td (Act\).    ) Tj ET Q
q 0 0 0 rg BT 476.02 95.25 Td (Y) Tj ET Q
q 0 0 0 rg BT 481.62 95.25 Td (es ) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 491.37 93.31 cm
/I21 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 497.97 95.25 Td ( No ) Tj ET Q
BT /F4 9.00 Tf ET
/GS0 gs
q 6.60 0 0 9.18 513.47 93.31 cm
/I22 Do Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 83.55 Td (As of September 30, 2019, the aggregate market value of the registrant's voting stock, consisting of the registrant's common stock, held by ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 50.00 71.85 Td (non-af) Tj ET Q
q 0 0 0 rg BT 73.33 71.85 Td (filiates was ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 116.31 71.85 Td ($3,101,728,137) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 172.56 71.85 Td (. ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 59.00 60.15 Td (As of May 26, 2020, the number of shares outstanding of the registrant's common stock was ) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 393.06 60.15 Td (88,948,622) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 433.56 60.15 Td (.) Tj ET Q
/GS0 gs
q 80.00 0 0 19.00 265.00 548.67 cm
/I23 Do Q
endstream
endobj
5 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 6 0 R>>
endobj
6 0 obj
<</Length 8111>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 249.95 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 256.17 741.90 Td (ABLE OF) Tj ET Q
q 0 0 0 rg BT 301.58 741.90 Td ( CONTENTS) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 536.90 709.19 Td (Page) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 694.62 Td (Forward-Looking Statements) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.25 694.62 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 293.00 668.79 Td (P) Tj ET Q
q 0 0 0 rg BT 298.63 668.79 Td (AR) Tj ET Q
q 0 0 0 rg BT 313.43 668.79 Td (T) Tj ET Q
q 0 0 0 rg BT 320.25 668.79 Td ( I) Tj ET Q
BT /F2 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 655.62 Td (Item�1.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 655.62 Td (Business) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.25 655.62 Td (3) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 641.62 Td (Item�1A.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 641.62 Td (Risk Factors) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 641.62 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 627.62 Td (Item�1B.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 627.62 Td (Unresolved Staf) Tj ET Q
q 0 0 0 rg BT 163.25 627.62 Td (f Comments) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 627.62 Td (33) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 613.62 Td (Item�2.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 613.62 Td (Properties) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 613.62 Td (33) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 599.62 Td (Item�3.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 599.62 Td (Legal Proceedings) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 599.62 Td (33) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 585.62 Td (Item�4.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 585.62 Td (Mine Safety Disclosures) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 585.62 Td (33) Tj ET Q
BT /F1 10.50 Tf ET
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 290.95 571.79 Td (P) Tj ET Q
q 0 0 0 rg BT 296.58 571.79 Td (AR) Tj ET Q
q 0 0 0 rg BT 311.38 571.79 Td (T) Tj ET Q
q 0 0 0 rg BT 318.20 571.79 Td ( II) Tj ET Q
BT /F2 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 558.62 Td (Item�5.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 557.67 Td (Market for Registrant's Common Equity) Tj ET Q
q 0 0 0 rg BT 264.11 557.67 Td (, Related Stockholder Matters and Issuer Purchases of Equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 104.50 547.17 Td (Securities) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 558.62 Td (34) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 532.62 Td (Item�6.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 532.62 Td (Selected Financial Data) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 532.62 Td (36) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 518.62 Td (Item�7.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 518.62 Td (Management's Discussion and ) Tj ET Q
q 0 0 0 rg BT 224.84 518.62 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 518.62 Td (37) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 504.62 Td (Item�7A.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 504.62 Td (Quantitative and Qualitative Disclosures ) Tj ET Q
q 0 0 0 rg BT 268.13 504.62 Td (About Market Risk) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 504.62 Td (82) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 490.62 Td (Item�8.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 490.62 Td (Financial Statements and Supplementary Data) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 490.62 Td (83) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 476.62 Td (Item�9.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 476.62 Td (Changes in and Disagreements ) Tj ET Q
q 0 0 0 rg BT 227.70 476.62 Td (W) Tj ET Q
q 0 0 0 rg BT 237.19 476.62 Td (ith ) Tj ET Q
q 0 0 0 rg BT 250.32 476.62 Td (Accountants on ) Tj ET Q
q 0 0 0 rg BT 317.98 476.62 Td (Accounting and Financial Disclosure) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 476.62 Td (145) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 462.62 Td (Item�9A.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 462.62 Td (Controls and Procedures) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 462.62 Td (145) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 448.62 Td (Item�9B.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 448.62 Td (Other Information) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 448.62 Td (145) Tj ET Q
BT /F1 10.50 Tf ET
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 288.90 434.79 Td (P) Tj ET Q
q 0 0 0 rg BT 294.53 434.79 Td (AR) Tj ET Q
q 0 0 0 rg BT 309.33 434.79 Td (T) Tj ET Q
q 0 0 0 rg BT 316.15 434.79 Td ( III) Tj ET Q
BT /F2 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 421.62 Td (Item�10.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 421.62 Td (Directors, Executive Of) Tj ET Q
q 0 0 0 rg BT 195.31 421.62 Td (ficers and Corporate Governance) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 421.62 Td (146) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 407.62 Td (Item�1) Tj ET Q
q 0 0 0 rg BT 78.23 407.62 Td (1.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 407.62 Td (Executive Compensation) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 407.62 Td (151) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 393.62 Td (Item�12.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 393.62 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 393.62 Td (184) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 379.62 Td (Item�13.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 379.62 Td (Certain Relationships and Related ) Tj ET Q
q 0 0 0 rg BT 241.12 379.62 Td (T) Tj ET Q
q 0 0 0 rg BT 247.16 379.62 Td (ransactions, and Director Independence) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 379.62 Td (186) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 365.62 Td (Item�14.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 365.62 Td (Principal ) Tj ET Q
q 0 0 0 rg BT 135.46 365.62 Td (Accountant Fees and Services) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 365.62 Td (187) Tj ET Q
BT /F1 10.50 Tf ET
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 289.30 351.79 Td (P) Tj ET Q
q 0 0 0 rg BT 294.93 351.79 Td (AR) Tj ET Q
q 0 0 0 rg BT 309.73 351.79 Td (T) Tj ET Q
q 0 0 0 rg BT 316.55 351.79 Td ( IV) Tj ET Q
BT /F2 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 338.62 Td (Item�15.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 338.62 Td (Exhibits and Financial Statement Schedules) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 338.62 Td (188) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 324.62 Td (Item�16.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 324.62 Td (Form 10-K Summary) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.75 324.62 Td (191) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.00 Tf ET
endstream
endobj
7 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 8 0 R>>
endobj
8 0 obj
<</Length 33979>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.35 31.25 Td (1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (FOR) Tj ET Q
q 0 0 0 rg BT 71.30 741.90 Td (W) Tj ET Q
q 0 0 0 rg BT 80.63 741.90 Td (ARD-LOOKING ST) Tj ET Q
q 0 0 0 rg BT 172.91 741.90 Td (A) Tj ET Q
q 0 0 0 rg BT 179.71 741.90 Td (TEMENTS.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 717.30 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 717.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.59 717.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 87.78 717.30 Td (made ) Tj ET Q
q 0 0 0 rg BT 112.88 717.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 123.41 717.30 Td (this ) Tj ET Q
q 0 0 0 rg BT 140.94 717.30 Td (Report ) Tj ET Q
q 0 0 0 rg BT 171.88 717.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 184.74 717.30 Td (Form ) Tj ET Q
q 0 0 0 rg BT 209.86 717.30 Td (10-K, ) Tj ET Q
q 0 0 0 rg BT 236.43 717.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 253.95 717.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 276.72 717.30 Td (time ) Tj ET Q
q 0 0 0 rg BT 297.75 717.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 308.28 717.30 Td (time ) Tj ET Q
q 0 0 0 rg BT 329.30 717.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 349.74 717.30 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 392.93 717.30 Td (make ) Tj ET Q
q 0 0 0 rg BT 418.03 717.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 428.56 717.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 444.92 717.30 Td (public ) Tj ET Q
q 0 0 0 rg BT 473.53 717.30 Td (filings, ) Tj ET Q
q 0 0 0 rg BT 505.35 717.30 Td (press ) Tj ET Q
q 0 0 0 rg BT 529.29 717.30 Td (releases ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.16 704.70 Td (statements ) Tj ET Q
q 0 0 0 rg BT 111.97 704.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 123.97 704.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 139.46 704.70 Td (management, ) Tj ET Q
q 0 0 0 rg BT 197.23 704.70 Td ("forward-looking ) Tj ET Q
q 0 0 0 rg BT 271.82 704.70 Td (statements" ) Tj ET Q
q 0 0 0 rg BT 321.93 704.70 Td (within ) Tj ET Q
q 0 0 0 rg BT 350.26 704.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.58 704.70 Td (meaning ) Tj ET Q
q 0 0 0 rg BT 402.23 704.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 412.47 704.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 426.79 704.70 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 446.96 704.70 Td (Private ) Tj ET Q
q 0 0 0 rg BT 478.20 704.70 Td (Securities ) Tj ET Q
q 0 0 0 rg BT 521.10 704.70 Td (Litigation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 692.10 Td (Reform ) Tj ET Q
q 0 0 0 rg BT 84.73 692.10 Td (Act ) Tj ET Q
q 0 0 0 rg BT 103.94 692.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.73 692.10 Td (1995, ) Tj ET Q
q 0 0 0 rg BT 144.40 692.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 188.11 692.10 Td (information ) Tj ET Q
q 0 0 0 rg BT 241.73 692.10 Td (relating ) Tj ET Q
q 0 0 0 rg BT 277.85 692.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 290.06 692.10 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 340.17 692.10 Td (growth ) Tj ET Q
q 0 0 0 rg BT 373.97 692.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 386.18 692.10 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 430.17 692.10 Td (mar) Tj ET Q
q 0 0 0 rg BT 446.30 692.10 Td (gins ) Tj ET Q
q 0 0 0 rg BT 467.85 692.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 480.65 692.10 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 520.27 692.10 Td (per ) Tj ET Q
q 0 0 0 rg BT 537.72 692.10 Td (share, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 679.50 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 99.34 679.50 Td (changes ) Tj ET Q
q 0 0 0 rg BT 136.94 679.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 148.89 679.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 166.67 679.50 Td (business ) Tj ET Q
q 0 0 0 rg BT 206.04 679.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 218.57 679.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 230.52 679.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 247.12 679.50 Td (amount ) Tj ET Q
q 0 0 0 rg BT 282.40 679.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 294.93 679.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 312.71 679.50 Td (client ) Tj ET Q
q 0 0 0 rg BT 339.81 679.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 368.09 679.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 395.78 679.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 453.21 679.50 Td (\(�AUM�\) ) Tj ET Q
q 0 0 0 rg BT 497.80 679.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 510.33 679.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 538.61 679.50 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.90 Td (advisement ) Tj ET Q
q 0 0 0 rg BT 98.89 666.90 Td (\(�AUA�\), ) Tj ET Q
q 0 0 0 rg BT 142.14 666.90 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 189.77 666.90 Td (future ) Tj ET Q
q 0 0 0 rg BT 216.40 666.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 271.02 666.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 281.33 666.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 296.89 666.90 Td (business, ) Tj ET Q
q 0 0 0 rg BT 336.67 666.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 377.90 666.90 Td (expected ) Tj ET Q
q 0 0 0 rg BT 416.77 666.90 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 453.91 666.90 Td (per ) Tj ET Q
q 0 0 0 rg BT 468.88 666.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 492.60 666.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 502.33 666.90 Td (future ) Tj ET Q
q 0 0 0 rg BT 528.97 666.90 Td (periods, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 654.30 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 99.09 654.30 Td (future ) Tj ET Q
q 0 0 0 rg BT 127.69 654.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 177.30 654.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 233.88 654.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.15 654.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 263.68 654.30 Td (independent ) Tj ET Q
q 0 0 0 rg BT 318.52 654.30 Td (asset ) Tj ET Q
q 0 0 0 rg BT 342.46 654.30 Td (management ) Tj ET Q
q 0 0 0 rg BT 399.64 654.30 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 452.75 654.30 Td (\(which ) Tj ET Q
q 0 0 0 rg BT 485.43 654.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 501.20 654.30 Td (refer ) Tj ET Q
q 0 0 0 rg BT 524.54 654.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 536.24 654.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 548.52 654.30 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.70 Td (�af) Tj ET Q
q 0 0 0 rg BT 62.13 641.70 Td (filiates�\), ) Tj ET Q
q 0 0 0 rg BT 103.76 641.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 120.04 641.70 Td (expected ) Tj ET Q
q 0 0 0 rg BT 159.63 641.70 Td (future ) Tj ET Q
q 0 0 0 rg BT 186.97 641.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 202.08 641.70 Td (client ) Tj ET Q
q 0 0 0 rg BT 227.68 641.70 Td (cash ) Tj ET Q
q 0 0 0 rg BT 248.62 641.70 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 276.85 641.70 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 325.19 641.70 Td (expense ) Tj ET Q
q 0 0 0 rg BT 361.29 641.70 Td (levels, ) Tj ET Q
q 0 0 0 rg BT 390.69 641.70 Td (changes ) Tj ET Q
q 0 0 0 rg BT 426.78 641.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 437.23 641.70 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 480.03 641.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 495.14 641.70 Td (expected ) Tj ET Q
q 0 0 0 rg BT 534.73 641.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 542.70 641.70 Td (fects ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 629.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.69 629.10 Td (acquisitions, ) Tj ET Q
q 0 0 0 rg BT 115.91 629.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 158.02 629.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 173.28 629.10 Td (proposed ) Tj ET Q
q 0 0 0 rg BT 214.22 629.10 Td (mer) Tj ET Q
q 0 0 0 rg BT 230.35 629.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 246.20 629.10 Td (between ) Tj ET Q
q 0 0 0 rg BT 283.62 629.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 307.63 629.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 338.65 629.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 356.25 629.10 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 394.27 629.10 Td (Resources, ) Tj ET Q
q 0 0 0 rg BT 442.49 629.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 460.96 629.10 Td (\(�Franklin ) Tj ET Q
q 0 0 0 rg BT 506.97 629.10 Td (T) Tj ET Q
q 0 0 0 rg BT 512.65 629.10 Td (empleton�\), ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 616.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.18 616.50 Td (expectations ) Tj ET Q
q 0 0 0 rg BT 122.18 616.50 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 164.93 616.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 204.18 616.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 235.85 616.50 Td (conditions. ) Tj ET Q
q 0 0 0 rg BT 284.56 616.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 303.41 616.50 Td (words ) Tj ET Q
q 0 0 0 rg BT 331.59 616.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 342.85 616.50 Td (phrases ) Tj ET Q
q 0 0 0 rg BT 376.86 616.50 Td ("can ) Tj ET Q
q 0 0 0 rg BT 398.24 616.50 Td (be," ) Tj ET Q
q 0 0 0 rg BT 417.58 616.50 Td ("may ) Tj ET Q
q 0 0 0 rg BT 442.46 616.50 Td (be," ) Tj ET Q
q 0 0 0 rg BT 461.80 616.50 Td ("expects," ) Tj ET Q
q 0 0 0 rg BT 507.01 616.50 Td ("may ) Tj ET Q
q 0 0 0 rg BT 531.89 616.50 Td (af) Tj ET Q
q 0 0 0 rg BT 539.86 616.50 Td (fect," ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.90 Td ("may ) Tj ET Q
q 0 0 0 rg BT 74.94 603.90 Td (depend," ) Tj ET Q
q 0 0 0 rg BT 115.26 603.90 Td ("believes," ) Tj ET Q
q 0 0 0 rg BT 163.94 603.90 Td ("estimate," ) Tj ET Q
q 0 0 0 rg BT 213.20 603.90 Td ("project," ) Tj ET Q
q 0 0 0 rg BT 256.63 603.90 Td ("anticipate" ) Tj ET Q
q 0 0 0 rg BT 309.10 603.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 327.34 603.90 Td (similar ) Tj ET Q
q 0 0 0 rg BT 359.58 603.90 Td (words ) Tj ET Q
q 0 0 0 rg BT 388.33 603.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 406.57 603.90 Td (phrases ) Tj ET Q
q 0 0 0 rg BT 441.14 603.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 457.04 603.90 Td (intended ) Tj ET Q
q 0 0 0 rg BT 496.27 603.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 507.52 603.90 Td (identify ) Tj ET Q
q 0 0 0 rg BT 543.26 603.90 Td (such ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 591.30 Td (forward-looking ) Tj ET Q
q 0 0 0 rg BT 123.21 591.30 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 175.05 591.30 Td (Such ) Tj ET Q
q 0 0 0 rg BT 200.95 591.30 Td (forward-looking ) Tj ET Q
q 0 0 0 rg BT 274.66 591.30 Td (statements ) Tj ET Q
q 0 0 0 rg BT 323.88 591.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 341.59 591.30 Td (subject ) Tj ET Q
q 0 0 0 rg BT 376.23 591.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 389.29 591.30 Td (various ) Tj ET Q
q 0 0 0 rg BT 425.09 591.30 Td (known ) Tj ET Q
q 0 0 0 rg BT 458.57 591.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 478.63 591.30 Td (unknown ) Tj ET Q
q 0 0 0 rg BT 522.60 591.30 Td (risks ) Tj ET Q
q 0 0 0 rg BT 547.34 591.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.70 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 105.71 578.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.44 578.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 138.26 578.70 Td (caution ) Tj ET Q
q 0 0 0 rg BT 171.73 578.70 Td (readers ) Tj ET Q
q 0 0 0 rg BT 204.61 578.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 222.93 578.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 240.66 578.70 Td (forward- ) Tj ET Q
q 0 0 0 rg BT 279.95 578.70 Td (looking ) Tj ET Q
q 0 0 0 rg BT 314.61 578.70 Td (information ) Tj ET Q
q 0 0 0 rg BT 366.75 578.70 Td (provided ) Tj ET Q
q 0 0 0 rg BT 406.64 578.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 419.71 578.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 431.03 578.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 444.10 578.70 Td (behalf ) Tj ET Q
q 0 0 0 rg BT 472.90 578.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 484.22 578.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 508.36 578.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 539.51 578.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 549.09 578.70 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 566.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.79 566.10 Td (guarantee ) Tj ET Q
q 0 0 0 rg BT 100.22 566.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 111.59 566.10 Td (future ) Tj ET Q
q 0 0 0 rg BT 139.29 566.10 Td (performance.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.90 Td (Actual ) Tj ET Q
q 0 0 0 rg BT 80.42 540.90 Td (results ) Tj ET Q
q 0 0 0 rg BT 110.77 540.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 131.78 540.90 Td (dif) Tj ET Q
q 0 0 0 rg BT 143.26 540.90 Td (fer ) Tj ET Q
q 0 0 0 rg BT 157.85 540.90 Td (materially ) Tj ET Q
q 0 0 0 rg BT 203.35 540.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 226.69 540.90 Td (those ) Tj ET Q
q 0 0 0 rg BT 251.79 540.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 262.89 540.90 Td (forward-looking ) Tj ET Q
q 0 0 0 rg BT 334.64 540.90 Td (information ) Tj ET Q
q 0 0 0 rg BT 387.15 540.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 405.24 540.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 416.35 540.90 Td (various ) Tj ET Q
q 0 0 0 rg BT 450.19 540.90 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 484.32 540.90 Td (some ) Tj ET Q
q 0 0 0 rg BT 509.42 540.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 521.10 540.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 549.69 540.90 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 528.30 Td (beyond ) Tj ET Q
q 0 0 0 rg BT 82.17 528.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 97.93 528.30 Td (control, ) Tj ET Q
q 0 0 0 rg BT 132.06 528.30 Td (including, ) Tj ET Q
q 0 0 0 rg BT 176.11 528.30 Td (but ) Tj ET Q
q 0 0 0 rg BT 191.29 528.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 206.46 528.30 Td (limited ) Tj ET Q
q 0 0 0 rg BT 237.97 528.30 Td (to, ) Tj ET Q
q 0 0 0 rg BT 250.53 528.30 Td (those ) Tj ET Q
q 0 0 0 rg BT 274.45 528.30 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 316.46 528.30 Td (below ) Tj ET Q
q 0 0 0 rg BT 343.89 528.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 360.81 528.30 Td (those ) Tj ET Q
q 0 0 0 rg BT 384.73 528.30 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 426.74 528.30 Td (under ) Tj ET Q
q 0 0 0 rg BT 452.41 528.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 467.00 528.30 Td (heading ) Tj ET Q
q 0 0 0 rg BT 502.00 528.30 Td ("Risk ) Tj ET Q
q 0 0 0 rg BT 527.30 528.30 Td (Factors" ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.17 515.70 Td (elsewhere ) Tj ET Q
q 0 0 0 rg BT 111.65 515.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 122.32 515.70 Td (this ) Tj ET Q
q 0 0 0 rg BT 140.00 515.70 Td (Report ) Tj ET Q
q 0 0 0 rg BT 171.08 515.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 184.09 515.70 Td (Form ) Tj ET Q
q 0 0 0 rg BT 209.35 515.70 Td (10-K ) Tj ET Q
q 0 0 0 rg BT 233.43 515.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 251.10 515.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 267.60 515.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 291.68 515.70 Td (public ) Tj ET Q
q 0 0 0 rg BT 320.44 515.70 Td (filings, ) Tj ET Q
q 0 0 0 rg BT 352.40 515.70 Td (press ) Tj ET Q
q 0 0 0 rg BT 376.49 515.70 Td (releases ) Tj ET Q
q 0 0 0 rg BT 412.22 515.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 429.89 515.70 Td (statements ) Tj ET Q
q 0 0 0 rg BT 476.72 515.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 489.73 515.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 506.23 515.70 Td (management. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 503.10 Td (Due ) Tj ET Q
q 0 0 0 rg BT 69.72 503.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 80.61 503.10 Td (such ) Tj ET Q
q 0 0 0 rg BT 102.58 503.10 Td (risks, ) Tj ET Q
q 0 0 0 rg BT 127.76 503.10 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 184.13 503.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 202.01 503.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 226.31 503.10 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 260.23 503.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 275.19 503.10 Td (caution ) Tj ET Q
q 0 0 0 rg BT 308.82 503.10 Td (each ) Tj ET Q
q 0 0 0 rg BT 330.78 503.10 Td (person ) Tj ET Q
q 0 0 0 rg BT 361.49 503.10 Td (receiving ) Tj ET Q
q 0 0 0 rg BT 403.28 503.10 Td (such ) Tj ET Q
q 0 0 0 rg BT 425.25 503.10 Td (forward-looking ) Tj ET Q
q 0 0 0 rg BT 496.79 503.10 Td (information ) Tj ET Q
q 0 0 0 rg BT 549.08 503.10 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 490.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.73 490.50 Td (place ) Tj ET Q
q 0 0 0 rg BT 85.93 490.50 Td (undue ) Tj ET Q
q 0 0 0 rg BT 114.65 490.50 Td (reliance ) Tj ET Q
q 0 0 0 rg BT 150.93 490.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 164.49 490.50 Td (such ) Tj ET Q
q 0 0 0 rg BT 186.80 490.50 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 236.81 490.50 Td (Further) Tj ET Q
q 0 0 0 rg BT 267.30 490.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 272.98 490.50 Td (such ) Tj ET Q
q 0 0 0 rg BT 295.28 490.50 Td (forward-looking ) Tj ET Q
q 0 0 0 rg BT 367.16 490.50 Td (statements ) Tj ET Q
q 0 0 0 rg BT 414.54 490.50 Td (speak ) Tj ET Q
q 0 0 0 rg BT 441.51 490.50 Td (only ) Tj ET Q
q 0 0 0 rg BT 463.23 490.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 475.04 490.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 486.84 490.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.73 490.50 Td (date ) Tj ET Q
q 0 0 0 rg BT 523.27 490.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 536.83 490.50 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.90 Td (such ) Tj ET Q
q 0 0 0 rg BT 71.94 477.90 Td (statements ) Tj ET Q
q 0 0 0 rg BT 119.47 477.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 135.48 477.90 Td (made, ) Tj ET Q
q 0 0 0 rg BT 164.04 477.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 182.40 477.90 Td (we ) Tj ET Q
q 0 0 0 rg BT 197.84 477.90 Td (undertake ) Tj ET Q
q 0 0 0 rg BT 242.44 477.90 Td (no ) Tj ET Q
q 0 0 0 rg BT 256.14 477.90 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 306.00 477.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 317.37 477.90 Td (update ) Tj ET Q
q 0 0 0 rg BT 348.55 477.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 366.91 477.90 Td (forward-looking ) Tj ET Q
q 0 0 0 rg BT 438.92 477.90 Td (statement ) Tj ET Q
q 0 0 0 rg BT 482.36 477.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 493.72 477.90 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 523.73 477.90 Td (events ) Tj ET Q
q 0 0 0 rg BT 553.76 477.90 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 465.30 Td (circumstances ) Tj ET Q
q 0 0 0 rg BT 111.35 465.30 Td (after ) Tj ET Q
q 0 0 0 rg BT 132.95 465.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 148.15 465.30 Td (date ) Tj ET Q
q 0 0 0 rg BT 168.01 465.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 180.89 465.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 208.92 465.30 Td (such ) Tj ET Q
q 0 0 0 rg BT 230.54 465.30 Td (statement ) Tj ET Q
q 0 0 0 rg BT 273.15 465.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 282.53 465.30 Td (made ) Tj ET Q
q 0 0 0 rg BT 307.64 465.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 318.76 465.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 329.30 465.30 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 358.48 465.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 373.68 465.30 Td (occurrence ) Tj ET Q
q 0 0 0 rg BT 422.10 465.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 433.22 465.30 Td (unanticipated ) Tj ET Q
q 0 0 0 rg BT 492.15 465.30 Td (events, ) Tj ET Q
q 0 0 0 rg BT 523.98 465.30 Td (except ) Tj ET Q
q 0 0 0 rg BT 553.75 465.30 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.70 Td (required ) Tj ET Q
q 0 0 0 rg BT 87.11 452.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 100.23 452.70 Td (law) Tj ET Q
q 0 0 0 rg BT 114.71 452.70 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 427.50 Td (Important ) Tj ET Q
q 0 0 0 rg BT 93.12 427.50 Td (transaction-related ) Tj ET Q
q 0 0 0 rg BT 173.47 427.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 190.85 427.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 214.64 427.50 Td (risk ) Tj ET Q
q 0 0 0 rg BT 232.61 427.50 Td (factors ) Tj ET Q
q 0 0 0 rg BT 263.39 427.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 281.35 427.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 301.65 427.50 Td (cause ) Tj ET Q
q 0 0 0 rg BT 327.19 427.50 Td (such ) Tj ET Q
q 0 0 0 rg BT 348.65 427.50 Td (dif) Tj ET Q
q 0 0 0 rg BT 360.12 427.50 Td (ferences ) Tj ET Q
q 0 0 0 rg BT 397.31 427.50 Td (include: ) Tj ET Q
q 0 0 0 rg BT 433.35 427.50 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 445.48 427.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 460.53 427.50 Td (occurrence ) Tj ET Q
q 0 0 0 rg BT 508.79 427.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.76 427.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 537.13 427.50 Td (event, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.90 Td (change ) Tj ET Q
q 0 0 0 rg BT 82.67 414.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 94.85 414.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 119.86 414.90 Td (circumstances ) Tj ET Q
q 0 0 0 rg BT 182.77 414.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 201.96 414.90 Td (could ) Tj ET Q
q 0 0 0 rg BT 228.72 414.90 Td (give ) Tj ET Q
q 0 0 0 rg BT 250.24 414.90 Td (rise ) Tj ET Q
q 0 0 0 rg BT 268.83 414.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 280.44 414.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.70 414.90 Td (termination ) Tj ET Q
q 0 0 0 rg BT 348.54 414.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.73 414.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 376.99 414.90 Td (mer) Tj ET Q
q 0 0 0 rg BT 393.13 414.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 409.97 414.90 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 457.13 414.90 Td (between ) Tj ET Q
q 0 0 0 rg BT 495.55 414.90 Td (us ) Tj ET Q
q 0 0 0 rg BT 508.32 414.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.92 414.90 Td (Franklin ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 402.30 Td (T) Tj ET Q
q 0 0 0 rg BT 55.18 402.30 Td (empleton; ) Tj ET Q
q 0 0 0 rg BT 100.13 402.30 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 115.91 402.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 131.69 402.30 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 180.72 402.30 Td (closing ) Tj ET Q
q 0 0 0 rg BT 214.01 402.30 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 260.71 402.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 281.74 402.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 298.12 402.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 310.98 402.30 Td (satisfied ) Tj ET Q
q 0 0 0 rg BT 348.93 402.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 360.06 402.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 367.67 402.30 Td (timely ) Tj ET Q
q 0 0 0 rg BT 397.46 402.30 Td (manner ) Tj ET Q
q 0 0 0 rg BT 431.90 402.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 443.60 402.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 454.13 402.30 Td (all, ) Tj ET Q
q 0 0 0 rg BT 470.21 402.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 512.83 402.30 Td (if ) Tj ET Q
q 0 0 0 rg BT 522.20 402.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 537.40 402.30 Td (fail ) Tj ET Q
q 0 0 0 rg BT 554.35 402.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.70 Td (obtain ) Tj ET Q
q 0 0 0 rg BT 77.11 389.70 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 121.62 389.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 138.14 389.70 Td (client ) Tj ET Q
q 0 0 0 rg BT 162.82 389.70 Td (approvals; ) Tj ET Q
q 0 0 0 rg BT 207.93 389.70 Td (\(iii\) ) Tj ET Q
q 0 0 0 rg BT 225.03 389.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 239.22 389.70 Td (announcement ) Tj ET Q
q 0 0 0 rg BT 301.81 389.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 318.33 389.70 Td (pendency ) Tj ET Q
q 0 0 0 rg BT 359.93 389.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.03 389.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.22 389.70 Td (mer) Tj ET Q
q 0 0 0 rg BT 400.36 389.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 415.13 389.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 434.57 389.70 Td (disrupt ) Tj ET Q
q 0 0 0 rg BT 465.10 389.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 480.45 389.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 481.81 389.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 518.76 389.70 Td (operations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 377.10 Td (\(including ) Tj ET Q
q 0 0 0 rg BT 96.37 377.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.91 377.10 Td (threatened ) Tj ET Q
q 0 0 0 rg BT 160.35 377.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 172.81 377.10 Td (actual ) Tj ET Q
q 0 0 0 rg BT 201.59 377.10 Td (loss ) Tj ET Q
q 0 0 0 rg BT 221.65 377.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.11 377.10 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 285.35 377.10 Td (clients ) Tj ET Q
q 0 0 0 rg BT 316.47 377.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 328.93 377.10 Td (suppliers\); ) Tj ET Q
q 0 0 0 rg BT 376.97 377.10 Td (\(iv\) ) Tj ET Q
q 0 0 0 rg BT 395.85 377.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 411.80 377.10 Td (could ) Tj ET Q
q 0 0 0 rg BT 438.85 377.10 Td (experience ) Tj ET Q
q 0 0 0 rg BT 488.03 377.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 528.47 377.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 540.93 377.10 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 364.50 Td (setbacks ) Tj ET Q
q 0 0 0 rg BT 87.65 364.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 96.64 364.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.04 364.50 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 160.68 364.50 Td (encounters ) Tj ET Q
q 0 0 0 rg BT 208.74 364.50 Td (unanticipated ) Tj ET Q
q 0 0 0 rg BT 267.88 364.50 Td (problems; ) Tj ET Q
q 0 0 0 rg BT 312.45 364.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 330.19 364.50 Td (\(v\) ) Tj ET Q
q 0 0 0 rg BT 345.00 364.50 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 393.64 364.50 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 429.46 364.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 440.78 364.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 456.18 364.50 Td (transaction, ) Tj ET Q
q 0 0 0 rg BT 507.45 364.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 549.69 364.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.90 Td (realization ) Tj ET Q
q 0 0 0 rg BT 96.26 351.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 107.46 351.90 Td (revenue, ) Tj ET Q
q 0 0 0 rg BT 145.76 351.90 Td (accretion, ) Tj ET Q
q 0 0 0 rg BT 189.31 351.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 228.49 351.90 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 264.18 351.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 275.38 351.90 Td (returns ) Tj ET Q
q 0 0 0 rg BT 306.99 351.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 324.60 351.90 Td (expense ) Tj ET Q
q 0 0 0 rg BT 360.87 351.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 378.48 351.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 402.51 351.90 Td (syner) Tj ET Q
q 0 0 0 rg BT 425.06 351.90 Td (gies, ) Tj ET Q
q 0 0 0 rg BT 447.05 351.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 467.58 351.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 483.45 351.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 495.81 351.90 Td (fully ) Tj ET Q
q 0 0 0 rg BT 518.09 351.90 Td (realized ) Tj ET Q
q 0 0 0 rg BT 553.77 351.90 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 339.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 70.20 339.30 Td (take ) Tj ET Q
q 0 0 0 rg BT 90.32 339.30 Td (longer ) Tj ET Q
q 0 0 0 rg BT 119.77 339.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 130.56 339.30 Td (realize ) Tj ET Q
q 0 0 0 rg BT 161.16 339.30 Td (than ) Tj ET Q
q 0 0 0 rg BT 181.86 339.30 Td (expected.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 314.10 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.78 314.10 Td (future ) Tj ET Q
q 0 0 0 rg BT 96.81 314.10 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 137.08 314.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 158.11 314.10 Td (fluctuate ) Tj ET Q
q 0 0 0 rg BT 197.80 314.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 215.91 314.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 227.04 314.10 Td (numerous ) Tj ET Q
q 0 0 0 rg BT 271.40 314.10 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 305.55 314.10 Td (such ) Tj ET Q
q 0 0 0 rg BT 327.75 314.10 Td (as: ) Tj ET Q
q 0 0 0 rg BT 342.37 314.10 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 355.23 314.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 371.02 314.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 392.64 314.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 418.33 314.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 436.44 314.10 Td (composition ) Tj ET Q
q 0 0 0 rg BT 491.32 314.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 503.02 314.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 519.32 314.10 Td (AUM; ) Tj ET Q
q 0 0 0 rg BT 549.69 314.10 Td (\(ii\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 301.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.36 301.50 Td (mix ) Tj ET Q
q 0 0 0 rg BT 84.73 301.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 96.52 301.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 112.88 301.50 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 140.42 301.50 Td (among ) Tj ET Q
q 0 0 0 rg BT 172.03 301.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 189.06 301.50 Td (af) Tj ET Q
q 0 0 0 rg BT 197.03 301.50 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 231.26 301.50 Td (asset ) Tj ET Q
q 0 0 0 rg BT 254.71 301.50 Td (classes, ) Tj ET Q
q 0 0 0 rg BT 289.53 301.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 338.64 301.50 Td (vehicles, ) Tj ET Q
q 0 0 0 rg BT 378.70 301.50 Td (client ) Tj ET Q
q 0 0 0 rg BT 405.06 301.50 Td (type ) Tj ET Q
q 0 0 0 rg BT 426.18 301.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 444.37 301.50 Td (geography;\(iii\) ) Tj ET Q
q 0 0 0 rg BT 510.39 301.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 513.42 301.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.29 301.50 Td (revenue ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.90 Td (yield ) Tj ET Q
q 0 0 0 rg BT 73.93 288.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 86.12 288.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 102.80 288.90 Td (AUM; ) Tj ET Q
q 0 0 0 rg BT 133.66 288.90 Td (\(iv\) ) Tj ET Q
q 0 0 0 rg BT 152.26 288.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 168.52 288.90 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 209.88 288.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 228.48 288.90 Td (general ) Tj ET Q
q 0 0 0 rg BT 262.81 288.90 Td (level ) Tj ET Q
q 0 0 0 rg BT 286.66 288.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 298.84 288.90 Td (securities ) Tj ET Q
q 0 0 0 rg BT 341.94 288.90 Td (prices ) Tj ET Q
q 0 0 0 rg BT 370.45 288.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 389.05 288.90 Td (interest ) Tj ET Q
q 0 0 0 rg BT 423.39 288.90 Td (rates; ) Tj ET Q
q 0 0 0 rg BT 449.57 288.90 Td (\(v\) ) Tj ET Q
q 0 0 0 rg BT 465.25 288.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 481.52 288.90 Td (relative ) Tj ET Q
q 0 0 0 rg BT 516.44 288.90 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 276.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 106.12 276.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.43 276.30 Td (company-sponsored ) Tj ET Q
q 0 0 0 rg BT 206.57 276.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 256.21 276.30 Td (funds ) Tj ET Q
q 0 0 0 rg BT 283.11 276.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 301.84 276.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 326.99 276.30 Td (asset ) Tj ET Q
q 0 0 0 rg BT 350.97 276.30 Td (management ) Tj ET Q
q 0 0 0 rg BT 408.18 276.30 Td (products ) Tj ET Q
q 0 0 0 rg BT 447.91 276.30 Td (both ) Tj ET Q
q 0 0 0 rg BT 470.15 276.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 481.88 276.30 Td (absolute ) Tj ET Q
q 0 0 0 rg BT 520.44 276.30 Td (terms ) Tj ET Q
q 0 0 0 rg BT 547.34 276.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.70 Td (relative ) Tj ET Q
q 0 0 0 rg BT 82.30 263.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 91.78 263.70 Td (competing ) Tj ET Q
q 0 0 0 rg BT 137.42 263.70 Td (of) Tj ET Q
q 0 0 0 rg BT 145.97 263.70 Td (ferings ) Tj ET Q
q 0 0 0 rg BT 176.45 263.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 192.92 263.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 223.39 263.70 Td (indices; ) Tj ET Q
q 0 0 0 rg BT 257.37 263.70 Td (\(vi\) ) Tj ET Q
q 0 0 0 rg BT 273.84 263.70 Td (investor ) Tj ET Q
q 0 0 0 rg BT 308.98 263.70 Td (sentiment ) Tj ET Q
q 0 0 0 rg BT 351.13 263.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 367.60 263.70 Td (confidence; ) Tj ET Q
q 0 0 0 rg BT 417.89 263.70 Td (\(vii\) ) Tj ET Q
q 0 0 0 rg BT 437.28 263.70 Td (general ) Tj ET Q
q 0 0 0 rg BT 469.50 263.70 Td (political ) Tj ET Q
q 0 0 0 rg BT 505.22 263.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 521.69 263.70 Td (economic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 251.10 Td (conditions; ) Tj ET Q
q 0 0 0 rg BT 98.90 251.10 Td (\(viii\) ) Tj ET Q
q 0 0 0 rg BT 122.63 251.10 Td (catastrophic ) Tj ET Q
q 0 0 0 rg BT 176.09 251.10 Td (events, ) Tj ET Q
q 0 0 0 rg BT 208.28 251.10 Td (such ) Tj ET Q
q 0 0 0 rg BT 230.26 251.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 241.74 251.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 254.38 251.10 Td (epidemic, ) Tj ET Q
q 0 0 0 rg BT 298.23 251.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 340.62 251.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 356.19 251.10 Td (recent ) Tj ET Q
q 0 0 0 rg BT 384.56 251.10 Td (outbreak ) Tj ET Q
q 0 0 0 rg BT 424.03 251.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 435.51 251.10 Td (respiratory ) Tj ET Q
q 0 0 0 rg BT 483.73 251.10 Td (illness ) Tj ET Q
q 0 0 0 rg BT 513.30 251.10 Td (caused ) Tj ET Q
q 0 0 0 rg BT 544.60 251.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 557.84 251.10 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 238.50 Td (novel ) Tj ET Q
q 0 0 0 rg BT 75.94 238.50 Td (coronavirus ) Tj ET Q
q 0 0 0 rg BT 128.62 238.50 Td (\(�COVID-19�\); ) Tj ET Q
q 0 0 0 rg BT 198.21 238.50 Td (\(ix\) ) Tj ET Q
q 0 0 0 rg BT 216.48 238.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 233.59 238.50 Td (ability ) Tj ET Q
q 0 0 0 rg BT 263.54 238.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 274.82 238.50 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 314.67 238.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 363.86 238.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 420.62 238.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 438.89 238.50 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 502.07 238.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 522.09 238.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 532.78 238.50 Td (current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.90 Td (levels; ) Tj ET Q
q 0 0 0 rg BT 79.25 225.90 Td (\(x\) ) Tj ET Q
q 0 0 0 rg BT 93.83 225.90 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 145.74 225.90 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 191.82 225.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 202.33 225.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 218.66 225.90 Td (business; ) Tj ET Q
q 0 0 0 rg BT 259.51 225.90 Td (\(xi\) ) Tj ET Q
q 0 0 0 rg BT 277.00 225.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 292.17 225.90 Td (ability ) Tj ET Q
q 0 0 0 rg BT 321.34 225.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 331.84 225.90 Td (attract ) Tj ET Q
q 0 0 0 rg BT 360.41 225.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.91 225.90 Td (retain ) Tj ET Q
q 0 0 0 rg BT 404.15 225.90 Td (key ) Tj ET Q
q 0 0 0 rg BT 421.65 225.90 Td (personnel; ) Tj ET Q
q 0 0 0 rg BT 467.73 225.90 Td (\(xii\) ) Tj ET Q
q 0 0 0 rg BT 488.14 225.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 503.31 225.90 Td (impact, ) Tj ET Q
q 0 0 0 rg BT 536.85 225.90 Td (extent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 213.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.80 213.30 Td (timing ) Tj ET Q
q 0 0 0 rg BT 98.36 213.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 110.25 213.30 Td (technological ) Tj ET Q
q 0 0 0 rg BT 169.96 213.30 Td (changes ) Tj ET Q
q 0 0 0 rg BT 206.92 213.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 225.22 213.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 241.19 213.30 Td (adequacy ) Tj ET Q
q 0 0 0 rg BT 283.97 213.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 295.86 213.30 Td (intellectual ) Tj ET Q
q 0 0 0 rg BT 345.65 213.30 Td (property) Tj ET Q
q 0 0 0 rg BT 380.54 213.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 386.31 213.30 Td (information ) Tj ET Q
q 0 0 0 rg BT 439.02 213.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 457.32 213.30 Td (cybersecurity ) Tj ET Q
q 0 0 0 rg BT 517.02 213.30 Td (protection; ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 200.70 Td (\(xiii\) ) Tj ET Q
q 0 0 0 rg BT 90.91 200.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.36 200.70 Td (introduction, ) Tj ET Q
q 0 0 0 rg BT 162.94 200.70 Td (withdrawal, ) Tj ET Q
q 0 0 0 rg BT 215.42 200.70 Td (success ) Tj ET Q
q 0 0 0 rg BT 249.54 200.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 267.32 200.70 Td (timing ) Tj ET Q
q 0 0 0 rg BT 297.37 200.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 308.74 200.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 346.95 200.70 Td (initiatives, ) Tj ET Q
q 0 0 0 rg BT 393.62 200.70 Td (strategies ) Tj ET Q
q 0 0 0 rg BT 435.90 200.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 453.68 200.70 Td (acquisitions.) Tj ET Q
endstream
endobj
9 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 10 0 R>>
endobj
10 0 obj
<</Length 8656>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.35 31.25 Td (2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.42 741.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 96.08 741.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 138.32 741.75 Td (results ) Tj ET Q
q 0 0 0 rg BT 168.33 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 183.74 741.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 203.24 741.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 235.58 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 246.33 741.75 Td (fluctuation ) Tj ET Q
q 0 0 0 rg BT 294.41 741.75 Td (for) Tj ET Q
q 0 0 0 rg BT 306.23 741.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 311.45 741.75 Td (among ) Tj ET Q
q 0 0 0 rg BT 342.62 741.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 366.78 741.75 Td (things, ) Tj ET Q
q 0 0 0 rg BT 397.67 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.09 741.75 Td (following: ) Tj ET Q
q 0 0 0 rg BT 459.43 741.75 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 471.93 741.75 Td (variations ) Tj ET Q
q 0 0 0 rg BT 515.93 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 526.68 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 542.10 741.75 Td (level ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.86 729.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 121.80 729.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 158.23 729.15 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 195.83 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 207.20 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 214.47 729.15 Td (result ) Tj ET Q
q 0 0 0 rg BT 240.42 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 251.78 729.15 Td (changes ) Tj ET Q
q 0 0 0 rg BT 288.21 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 299.00 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 314.44 729.15 Td (number ) Tj ET Q
q 0 0 0 rg BT 349.13 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.50 729.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 381.78 729.15 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 431.92 729.15 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 484.11 729.15 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 517.92 729.15 Td (changes ) Tj ET Q
q 0 0 0 rg BT 554.35 729.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.72 716.55 Td (percentages ) Tj ET Q
q 0 0 0 rg BT 116.67 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 127.80 716.55 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 167.51 716.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 187.98 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 199.12 716.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 259.83 716.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 270.97 716.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 294.94 716.55 Td (reasons; ) Tj ET Q
q 0 0 0 rg BT 331.73 716.55 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 346.95 716.55 Td (increases ) Tj ET Q
q 0 0 0 rg BT 387.83 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 398.38 716.55 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 449.20 716.55 Td (expenses; ) Tj ET Q
q 0 0 0 rg BT 492.41 716.55 Td (\(iii\) ) Tj ET Q
q 0 0 0 rg BT 510.55 716.55 Td (variations ) Tj ET Q
q 0 0 0 rg BT 554.35 716.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 89.96 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 107.67 703.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 138.21 703.95 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 164.39 703.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 206.60 703.95 Td (depreciation, ) Tj ET Q
q 0 0 0 rg BT 263.67 703.95 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 319.29 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 337.01 703.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 361.14 703.95 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 401.59 703.95 Td (char) Tj ET Q
q 0 0 0 rg BT 419.47 703.95 Td (ges ) Tj ET Q
q 0 0 0 rg BT 436.02 703.95 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 473.56 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 486.61 703.95 Td (us ) Tj ET Q
q 0 0 0 rg BT 498.50 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 509.22 703.95 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 548.52 703.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 111.50 691.35 Td (infrastructure; ) Tj ET Q
q 0 0 0 rg BT 172.91 691.35 Td (\(iv\) ) Tj ET Q
q 0 0 0 rg BT 190.01 691.35 Td (unanticipated ) Tj ET Q
q 0 0 0 rg BT 248.50 691.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 271.44 691.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 289.12 691.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 309.13 691.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 320.98 691.35 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 357.89 691.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 370.33 691.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 393.83 691.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 424.35 691.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 446.70 691.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 467.29 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 477.40 691.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 497.99 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 508.09 691.35 Td (protect ) Tj ET Q
q 0 0 0 rg BT 539.18 691.35 Td (client ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (goodwill, ) Tj ET Q
q 0 0 0 rg BT 93.14 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 104.98 678.75 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 149.48 678.75 Td (support ) Tj ET Q
q 0 0 0 rg BT 184.66 678.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 234.41 678.75 Td (products, ) Tj ET Q
q 0 0 0 rg BT 276.88 678.75 Td (upon ) Tj ET Q
q 0 0 0 rg BT 301.56 678.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 353.64 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 366.06 678.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 411.73 678.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 439.91 678.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 452.33 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 464.17 678.75 Td (connection ) Tj ET Q
q 0 0 0 rg BT 513.92 678.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 536.26 678.75 Td (online ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 89.91 666.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 101.16 666.15 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 146.80 666.15 Td (proceedings; ) Tj ET Q
q 0 0 0 rg BT 202.95 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 220.61 666.15 Td (\(vi\) ) Tj ET Q
q 0 0 0 rg BT 238.27 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.59 666.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 261.56 666.15 Td (fects ) Tj ET Q
q 0 0 0 rg BT 283.88 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 295.12 666.15 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 347.78 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 365.44 666.15 Td (dispositions, ) Tj ET Q
q 0 0 0 rg BT 420.74 666.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 462.90 666.15 Td (changes ) Tj ET Q
q 0 0 0 rg BT 499.22 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 509.88 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.21 666.15 Td (expected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (amount ) Tj ET Q
q 0 0 0 rg BT 83.62 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.99 653.55 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 141.94 653.55 Td (payments ) Tj ET Q
q 0 0 0 rg BT 184.81 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 195.60 653.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 208.14 653.55 Td (made.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (Our ) Tj ET Q
q 0 0 0 rg BT 69.09 628.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 107.93 628.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 118.19 628.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 138.36 628.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 171.36 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 182.78 628.35 Td (substantial ) Tj ET Q
q 0 0 0 rg BT 230.95 628.35 Td (governmental ) Tj ET Q
q 0 0 0 rg BT 291.94 628.35 Td (regulation ) Tj ET Q
q 0 0 0 rg BT 337.76 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 356.18 628.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 393.25 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 404.68 628.35 Td (legal, ) Tj ET Q
q 0 0 0 rg BT 430.96 628.35 Td (regulatory) Tj ET Q
q 0 0 0 rg BT 473.43 628.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 479.31 628.35 Td (accounting, ) Tj ET Q
q 0 0 0 rg BT 531.26 628.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 547.35 628.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 100.52 615.75 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 157.96 615.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 176.33 615.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 197.03 615.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 219.48 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 226.76 615.75 Td (substantial ) Tj ET Q
q 0 0 0 rg BT 274.30 615.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 282.27 615.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 300.63 615.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 313.76 615.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 330.38 615.75 Td (business ) Tj ET Q
q 0 0 0 rg BT 368.59 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 386.38 615.75 Td (results ) Tj ET Q
q 0 0 0 rg BT 416.42 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.79 615.75 Td (operations.) Tj ET Q
endstream
endobj
11 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 12 0 R>>
endobj
12 0 obj
<</Length 41023>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.35 31.25 Td (3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 289.00 741.90 Td (P) Tj ET Q
q 0 0 0 rg BT 294.63 741.90 Td (AR) Tj ET Q
q 0 0 0 rg BT 309.43 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 316.25 741.90 Td ( I) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.70 Td (ITEM 1.  BUSINESS.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 679.50 Td (General) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 654.30 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.40 654.30 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.32 654.30 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.65 654.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.64 654.30 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.21 654.30 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.95 654.30 Td (management) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 273.60 654.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 277.93 654.30 Td (firm ) Tj ET Q
q 0 0 0 rg BT 300.34 654.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 320.41 654.30 Td (operates ) Tj ET Q
q 0 0 0 rg BT 359.72 654.30 Td (through ) Tj ET Q
q 0 0 0 rg BT 396.72 654.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.87 654.30 Td (following ) Tj ET Q
q 0 0 0 rg BT 459.03 654.30 Td (nine ) Tj ET Q
q 0 0 0 rg BT 481.44 654.30 Td (independent ) Tj ET Q
q 0 0 0 rg BT 537.09 654.30 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 105.77 641.70 Td (subsidiaries, ) Tj ET Q
q 0 0 0 rg BT 160.60 641.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 188.89 641.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 203.75 641.70 Td (refer ) Tj ET Q
q 0 0 0 rg BT 226.19 641.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 236.98 641.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 248.35 641.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 264.98 641.70 Td (af) Tj ET Q
q 0 0 0 rg BT 272.94 641.70 Td (filiates:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 103.50 616.50 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 616.50 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.45 616.50 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.65 616.50 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.93 616.50 Td (Management) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 103.50 603.90 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 603.90 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.62 603.90 Td (Partners) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 103.50 591.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 591.30 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.44 591.30 Td (Investments) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 103.50 578.70 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 578.70 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.21 578.70 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.58 578.70 Td (Global) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 103.50 566.10 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 566.10 Td (Martin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.70 566.10 Td (Currie) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 103.50 553.50 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 553.50 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.55 553.50 Td (Investors) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 103.50 540.90 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 540.90 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.13 540.90 Td (Infrastructure) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 103.50 528.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 528.30 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.95 528.30 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.23 528.30 Td (Partners) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 103.50 515.70 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 515.70 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.57 515.70 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.69 515.70 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.65 515.70 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.09 515.70 Td (Company) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 490.50 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.11 490.50 Td (Acting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.04 490.50 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.05 490.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.40 490.50 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.16 490.50 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.15 490.50 Td (subsidiaries, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.71 490.50 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.29 490.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.38 490.50 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.39 490.50 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.81 490.50 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.39 490.50 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.66 490.50 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.17 490.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.68 490.50 Td (services ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.90 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.18 477.90 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.88 477.90 Td (own ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.74 477.90 Td (brand ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.42 477.90 Td (name, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.56 477.90 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.58 477.90 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.43 477.90 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.29 477.90 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.71 477.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.64 477.90 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.98 477.90 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.92 477.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.86 477.90 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.45 477.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.39 477.90 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 477.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 465.30 Td (individual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.80 465.30 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.55 465.30 Td (company-sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.83 465.30 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.71 465.30 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.76 465.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.63 465.30 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.92 465.30 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.72 465.30 Td (vehicles. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.27 465.30 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.33 465.30 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.71 465.30 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.27 465.30 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.64 465.30 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.93 465.30 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.81 465.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.68 465.30 Td (services ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 452.70 Td (directly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.20 452.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.98 452.70 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.27 452.70 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.81 452.70 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.16 452.70 Td (intermediaries.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 427.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.66 427.50 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.40 427.50 Td (Mason, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.77 427.50 Td (Inc. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.96 427.50 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.45 427.50 Td (incorporated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.67 427.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.00 427.50 Td (Maryland ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.98 427.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.31 427.50 Td (1981 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.47 427.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.80 427.50 Td (serve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.12 427.50 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.03 427.50 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.85 427.50 Td (holding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.09 427.50 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.74 427.50 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.15 427.50 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.23 427.50 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.30 427.50 Td (subsidiaries. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.90 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.08 414.90 Td (predecessor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.90 414.90 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.05 414.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.48 414.90 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.31 414.90 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.15 414.90 Td (trace ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.80 414.90 Td (back ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.88 414.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.30 414.90 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.13 414.90 Td (& ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.55 414.90 Td (Co., ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.31 414.90 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.23 414.90 Td (Maryland-based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.71 414.90 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.91 414.90 Td (-dealer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.30 414.90 Td (formed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.88 414.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.30 414.90 Td (1899. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.19 414.90 Td (Our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 402.30 Td (subsequent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.96 402.30 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.50 402.30 Td (occurred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.02 402.30 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.89 402.30 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.34 402.30 Td (internal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.21 402.30 Td (expansion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.58 402.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.53 402.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.16 402.30 Td (acquisition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.03 402.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.57 402.30 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.77 402.30 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.21 402.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.17 402.30 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.36 402.30 Td (-dealer ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 389.70 Td (firms. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.76 389.70 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.97 389.70 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.57 389.70 Td (2005, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.66 389.70 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.70 389.70 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.75 389.70 Td (completed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.95 389.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.08 389.70 Td (transaction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.61 389.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.25 389.70 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.37 389.70 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.67 389.70 Td (sold ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.64 389.70 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.03 389.70 Td (primary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.74 389.70 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.93 389.70 Td (-dealer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.54 389.70 Td (businesses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.34 389.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 377.10 Td (concentrate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.29 377.10 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.20 377.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.44 377.10 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.26 377.10 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.31 377.10 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.05 377.10 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 248.67 377.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 252.08 377.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 277.06 377.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 309.05 377.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 319.47 377.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 332.79 377.10 Td (independent, ) Tj ET Q
q 0 0 0 rg BT 390.14 377.10 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 427.96 377.10 Td (traded ) Tj ET Q
q 0 0 0 rg BT 457.60 377.10 Td (company) Tj ET Q
q 0 0 0 rg BT 495.41 377.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 501.44 377.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 523.52 377.10 Td (no ) Tj ET Q
q 0 0 0 rg BT 537.43 377.10 Td (single ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 364.50 Td (majority ) Tj ET Q
q 0 0 0 rg BT 87.86 364.50 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 139.63 364.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 157.57 364.50 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 221.01 364.50 Td (90% ) Tj ET Q
q 0 0 0 rg BT 243.04 364.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.57 364.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 267.28 364.50 Td (Board ) Tj ET Q
q 0 0 0 rg BT 295.72 364.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 307.25 364.50 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 349.11 364.50 Td (consisted ) Tj ET Q
q 0 0 0 rg BT 390.97 364.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.50 364.50 Td (independent ) Tj ET Q
q 0 0 0 rg BT 456.61 364.50 Td (directors ) Tj ET Q
q 0 0 0 rg BT 496.13 364.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 507.66 364.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.19 364.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 549.38 364.50 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.90 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 326.70 Td (Unless ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.11 326.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.96 326.70 Td (context ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.89 326.70 Td (otherwise ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.73 326.70 Td (requires, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.20 326.70 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.71 326.70 Td (references ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.87 326.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.06 326.70 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.25 326.70 Td (Report ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.85 326.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.04 326.70 Td (�we,� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.25 326.70 Td (�us,� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.56 326.70 Td (�our� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.90 326.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.08 326.70 Td (�Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.34 326.70 Td (Mason� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.61 326.70 Td (include ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 314.10 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.43 314.10 Td (Mason, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.98 314.10 Td (Inc. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.37 314.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.88 314.10 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.15 314.10 Td (predecessors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.15 314.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.66 314.10 Td (subsidiaries, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.21 314.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.72 314.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.90 314.10 Td (term ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.50 314.10 Td (�asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.92 314.10 Td (managers� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.16 314.10 Td (refers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.41 314.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.93 314.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.11 314.10 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.87 314.10 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 301.50 Td (businesses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.12 301.50 Td (operated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.56 301.50 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.35 301.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.63 301.50 Td (subsidiaries. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.13 301.50 Td (References ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.05 301.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.51 301.50 Td (�fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.20 301.50 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.55 301.50 Td (2020� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.50 301.50 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.54 301.50 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.40 301.50 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.43 301.50 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.88 301.50 Td (refer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.98 301.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.43 301.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.55 301.50 Td (12-month ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.67 301.50 Td (period ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.90 Td (ended ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.20 288.90 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.23 288.90 Td (31st ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.35 288.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.73 288.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.18 288.90 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.87 288.90 Td (specified.) Tj ET Q
BT /F2 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 263.70 Td (Business Developments During the Fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.08 263.70 Td (Y) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.50 263.70 Td (ear) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.88 263.70 Td ( Ended Mar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.95 263.70 Td (ch 31, 2020) Tj ET Q
BT /F5 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 238.50 Td (Pending ) Tj ET Q
q 0 0 0 rg BT 87.12 238.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 104.22 238.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 120.84 238.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 141.56 238.50 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 180.93 238.50 Td (Resour) Tj ET Q
q 0 0 0 rg BT 210.29 238.50 Td (ces, ) Tj ET Q
q 0 0 0 rg BT 228.94 238.50 Td (Inc.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 213.30 Td (As ) Tj ET Q
q 0 0 0 rg BT 100.33 213.30 Td (previously ) Tj ET Q
q 0 0 0 rg BT 147.83 213.30 Td (announced, ) Tj ET Q
q 0 0 0 rg BT 199.10 213.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 212.76 213.30 Td (February ) Tj ET Q
q 0 0 0 rg BT 253.83 213.30 Td (17, ) Tj ET Q
q 0 0 0 rg BT 270.12 213.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 294.29 213.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 319.03 213.30 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 353.40 213.30 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 392.15 213.30 Td (Resources, ) Tj ET Q
q 0 0 0 rg BT 441.09 213.30 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 460.29 213.30 Td (\(�Franklin ) Tj ET Q
q 0 0 0 rg BT 506.96 213.30 Td (T) Tj ET Q
q 0 0 0 rg BT 512.64 213.30 Td (empleton�\), ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.23 200.70 Td (Alpha ) Tj ET Q
q 0 0 0 rg BT 93.91 200.70 Td (Sub ) Tj ET Q
q 0 0 0 rg BT 112.27 200.70 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 132.94 200.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 139.62 200.70 Td (Maryland ) Tj ET Q
q 0 0 0 rg BT 182.45 200.70 Td (corporation ) Tj ET Q
q 0 0 0 rg BT 232.87 200.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 250.05 200.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 256.72 200.70 Td (wholly-owned ) Tj ET Q
q 0 0 0 rg BT 319.40 200.70 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 364.58 200.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.34 200.70 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 412.79 200.70 Td (T) Tj ET Q
q 0 0 0 rg BT 418.47 200.70 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 459.56 200.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 461.58 200.70 Td (\(�Mer) Tj ET Q
q 0 0 0 rg BT 487.04 200.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 502.46 200.70 Td (Sub�\), ) Tj ET Q
q 0 0 0 rg BT 531.60 200.70 Td (entered ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 188.10 Td (into ) Tj ET Q
q 0 0 0 rg BT 68.30 188.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 80.14 188.10 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 129.26 188.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 146.89 188.10 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 168.02 188.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 179.24 188.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 196.54 188.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 212.42 188.10 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 231.22 188.10 Td (�Mer) Tj ET Q
q 0 0 0 rg BT 253.18 188.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 268.51 188.10 Td (Agreement�\) ) Tj ET Q
q 0 0 0 rg BT 325.79 188.10 Td (providing ) Tj ET Q
q 0 0 0 rg BT 369.09 188.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 383.80 188.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 399.10 188.10 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 447.65 188.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 458.86 188.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 482.91 188.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 513.96 188.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 526.93 188.10 Td (Franklin ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 175.50 Td (T) Tj ET Q
q 0 0 0 rg BT 55.18 175.50 Td (empleton. ) Tj ET Q
q 0 0 0 rg BT 98.98 175.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 117.57 175.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 134.87 175.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 150.04 175.50 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 198.95 175.50 Td (provides ) Tj ET Q
q 0 0 0 rg BT 237.38 175.50 Td (that, ) Tj ET Q
q 0 0 0 rg BT 258.01 175.50 Td (among ) Tj ET Q
q 0 0 0 rg BT 288.85 175.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 312.69 175.50 Td (things, ) Tj ET Q
q 0 0 0 rg BT 343.25 175.50 Td (upon ) Tj ET Q
q 0 0 0 rg BT 366.52 175.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 381.61 175.50 Td (terms ) Tj ET Q
q 0 0 0 rg BT 407.20 175.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 424.63 175.50 Td (subject ) Tj ET Q
q 0 0 0 rg BT 456.63 175.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 467.06 175.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.15 175.50 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 528.17 175.50 Td (set ) Tj ET Q
q 0 0 0 rg BT 542.10 175.50 Td (forth ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.34 162.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.84 162.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 93.15 162.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 108.64 162.90 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 160.58 162.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 170.84 162.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.34 162.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 194.31 162.90 Td (fective ) Tj ET Q
q 0 0 0 rg BT 225.54 162.90 Td (time ) Tj ET Q
q 0 0 0 rg BT 246.88 162.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 258.30 162.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 273.80 162.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 291.11 162.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 307.19 162.90 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 326.19 162.90 Td (�Ef) Tj ET Q
q 0 0 0 rg BT 340.57 162.90 Td (fective ) Tj ET Q
q 0 0 0 rg BT 371.61 162.90 Td (T) Tj ET Q
q 0 0 0 rg BT 377.66 162.90 Td (ime�\), ) Tj ET Q
q 0 0 0 rg BT 406.86 162.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 424.16 162.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 440.24 162.90 Td (Sub ) Tj ET Q
q 0 0 0 rg BT 459.26 162.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 478.27 162.90 Td (mer) Tj ET Q
q 0 0 0 rg BT 494.40 162.90 Td (ge ) Tj ET Q
q 0 0 0 rg BT 506.99 162.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 528.33 162.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 546.16 162.90 Td (into ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 150.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.90 150.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.32 150.30 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 124.47 150.30 Td (�Mer) Tj ET Q
q 0 0 0 rg BT 146.43 150.30 Td (ger�\), ) Tj ET Q
q 0 0 0 rg BT 173.45 150.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 194.95 150.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 219.35 150.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 250.76 150.30 Td (continuing ) Tj ET Q
q 0 0 0 rg BT 298.51 150.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 310.08 150.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.74 150.30 Td (surviving ) Tj ET Q
q 0 0 0 rg BT 368.23 150.30 Td (corporation ) Tj ET Q
q 0 0 0 rg BT 419.46 150.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 437.45 150.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 444.94 150.30 Td (wholly ) Tj ET Q
q 0 0 0 rg BT 476.94 150.30 Td (owned ) Tj ET Q
q 0 0 0 rg BT 507.76 150.30 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 553.75 150.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.70 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 87.52 137.70 Td (T) Tj ET Q
q 0 0 0 rg BT 93.20 137.70 Td (empleton.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 112.50 Td (Pursuant ) Tj ET Q
q 0 0 0 rg BT 124.29 112.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 134.50 112.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.37 112.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 166.68 112.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 181.68 112.50 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 232.99 112.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 260.69 112.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 279.06 112.50 Td (unanimously ) Tj ET Q
q 0 0 0 rg BT 335.36 112.50 Td (approved ) Tj ET Q
q 0 0 0 rg BT 376.47 112.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 389.01 112.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.88 112.50 Td (boards ) Tj ET Q
q 0 0 0 rg BT 433.91 112.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 444.70 112.50 Td (directors ) Tj ET Q
q 0 0 0 rg BT 483.48 112.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.27 112.50 Td (both ) Tj ET Q
q 0 0 0 rg BT 514.98 112.50 Td (companies, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.90 Td (upon ) Tj ET Q
q 0 0 0 rg BT 74.61 99.90 Td (completion ) Tj ET Q
q 0 0 0 rg BT 125.95 99.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 138.81 99.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.74 99.90 Td (mer) Tj ET Q
q 0 0 0 rg BT 171.88 99.90 Td (ger) Tj ET Q
q 0 0 0 rg BT 184.86 99.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 191.59 99.90 Td (each ) Tj ET Q
q 0 0 0 rg BT 214.93 99.90 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 268.04 99.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 294.30 99.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 307.15 99.90 Td (common ) Tj ET Q
q 0 0 0 rg BT 348.00 99.90 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 376.90 99.90 Td (par ) Tj ET Q
q 0 0 0 rg BT 394.41 99.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 421.25 99.90 Td ($0.10 ) Tj ET Q
q 0 0 0 rg BT 448.98 99.90 Td (per ) Tj ET Q
q 0 0 0 rg BT 466.50 99.90 Td (share, ) Tj ET Q
q 0 0 0 rg BT 495.38 99.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 508.24 99.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.92 99.90 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 87.30 Td (\(collectively) Tj ET Q
q 0 0 0 rg BT 101.29 87.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 105.89 87.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.69 87.30 Td (�Shares�\) ) Tj ET Q
q 0 0 0 rg BT 163.47 87.30 Td (will ) Tj ET Q
q 0 0 0 rg BT 181.77 87.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 193.65 87.30 Td (converted ) Tj ET Q
q 0 0 0 rg BT 237.01 87.30 Td (into ) Tj ET Q
q 0 0 0 rg BT 255.32 87.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 270.12 87.30 Td (right ) Tj ET Q
q 0 0 0 rg BT 291.92 87.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 302.05 87.30 Td (receive ) Tj ET Q
q 0 0 0 rg BT 334.33 87.30 Td ($50.00 ) Tj ET Q
q 0 0 0 rg BT 365.17 87.30 Td (per ) Tj ET Q
q 0 0 0 rg BT 380.55 87.30 Td (Share ) Tj ET Q
q 0 0 0 rg BT 406.42 87.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 416.56 87.30 Td (cash ) Tj ET Q
q 0 0 0 rg BT 437.19 87.30 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 455.48 87.30 Td (�Mer) Tj ET Q
q 0 0 0 rg BT 477.44 87.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 492.82 87.30 Td (Consideration�\).) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 62.10 Td (Following ) Tj ET Q
q 0 0 0 rg BT 130.59 62.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.33 62.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 162.63 62.10 Td (ger) Tj ET Q
q 0 0 0 rg BT 175.62 62.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 180.16 62.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 203.64 62.10 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 235.15 62.10 Td (s ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.14 62.10 Td (independent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.37 62.10 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.70 62.10 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.26 62.10 Td (subsidiaries) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 421.84 62.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 423.75 62.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 442.00 62.10 Td (remain ) Tj ET Q
q 0 0 0 rg BT 473.06 62.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 483.14 62.10 Td (place ) Tj ET Q
q 0 0 0 rg BT 507.20 62.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 527.78 62.10 Td (current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 49.50 Td (leadership, ) Tj ET Q
q 0 0 0 rg BT 97.79 49.50 Td (strategies ) Tj ET Q
q 0 0 0 rg BT 139.97 49.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 157.65 49.50 Td (brands, ) Tj ET Q
q 0 0 0 rg BT 190.79 49.50 Td (except ) Tj ET Q
q 0 0 0 rg BT 220.71 49.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 238.97 49.50 Td (EnT) Tj ET Q
q 0 0 0 rg BT 256.68 49.50 Td (rust ) Tj ET Q
q 0 0 0 rg BT 274.95 49.50 Td (Global ) Tj ET Q
q 0 0 0 rg BT 306.05 49.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 324.91 49.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 337.34 49.50 Td (repurchased ) Tj ET Q
q 0 0 0 rg BT 390.58 49.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 403.60 49.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 416.04 49.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 472.21 49.50 Td (team ) Tj ET Q
q 0 0 0 rg BT 495.13 49.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 512.81 49.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 531.67 49.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 547.61 49.50 Td (be ) Tj ET Q
endstream
endobj
13 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 14 0 R>>
endobj
14 0 obj
<</Length 59952>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.35 31.25 Td (4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (part ) Tj ET Q
q 0 0 0 rg BT 67.64 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 78.20 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.85 741.75 Td (combined ) Tj ET Q
q 0 0 0 rg BT 136.07 741.75 Td (company) Tj ET Q
q 0 0 0 rg BT 173.88 741.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 178.32 741.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 196.47 741.75 Td (shareholders ) Tj ET Q
q 0 0 0 rg BT 251.35 741.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 269.50 741.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 284.73 741.75 Td (receive ) Tj ET Q
q 0 0 0 rg BT 316.86 741.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 360.66 741.75 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 419.05 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 429.03 741.75 Td (connection ) Tj ET Q
q 0 0 0 rg BT 476.92 741.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 497.40 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.04 741.75 Td (repurchase ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 729.15 Td (EnT) Tj ET Q
q 0 0 0 rg BT 78.58 729.15 Td (rust ) Tj ET Q
q 0 0 0 rg BT 96.96 729.15 Td (Global ) Tj ET Q
q 0 0 0 rg BT 128.16 729.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 141.28 729.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 153.83 729.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 210.10 729.15 Td (team.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 716.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 104.79 716.55 Td (closing ) Tj ET Q
q 0 0 0 rg BT 138.08 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 149.79 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.58 716.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 182.88 716.55 Td (ger ) Tj ET Q
q 0 0 0 rg BT 199.25 716.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 209.22 716.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 241.92 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 253.05 716.55 Td (customary ) Tj ET Q
q 0 0 0 rg BT 299.75 716.55 Td (closing ) Tj ET Q
q 0 0 0 rg BT 333.05 716.55 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 382.38 716.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 425.01 716.55 Td (receipt ) Tj ET Q
q 0 0 0 rg BT 456.53 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 468.24 716.55 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 514.35 716.55 Td (regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (approvals, ) Tj ET Q
q 0 0 0 rg BT 95.57 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 113.36 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 122.99 703.95 Td (currently ) Tj ET Q
q 0 0 0 rg BT 163.51 703.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 203.45 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 214.24 703.95 Td (occur ) Tj ET Q
q 0 0 0 rg BT 240.18 703.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 270.22 703.95 Td (third ) Tj ET Q
q 0 0 0 rg BT 292.68 703.95 Td (calendar ) Tj ET Q
q 0 0 0 rg BT 330.86 703.95 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 363.22 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 374.59 703.95 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 678.75 Td (Please ) Tj ET Q
q 0 0 0 rg BT 114.99 678.75 Td (refer ) Tj ET Q
q 0 0 0 rg BT 137.47 678.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.30 678.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.96 678.75 Td (�Item ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.53 678.75 Td (1A. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.65 678.75 Td (Risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.57 678.75 Td (Factors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.15 678.75 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.31 678.75 Td (Risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.32 678.75 Td (Related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.05 678.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.89 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.38 678.75 Td (Proposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.13 678.75 Td (Mer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.43 678.75 Td (ger) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.42 678.75 Td (,� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.37 678.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.28 678.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.60 678.75 Td (discussion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.02 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.43 678.75 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.66 678.75 Td (risks ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.69 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.48 666.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.10 666.15 Td (proposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.22 666.15 Td (Mer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.53 666.15 Td (ger ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.56 666.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.85 666.15 Td (Franklin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.87 666.15 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.55 666.15 Td (empleton.) Tj ET Q
BT /F5 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 640.95 Td (Recent ) Tj ET Q
q 0 0 0 rg BT 80.69 640.95 Td (Developments) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 615.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.50 615.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.59 615.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.91 615.75 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.00 615.75 Td (continues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.92 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.77 615.75 Td (experience ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.91 615.75 Td (disruption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.17 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.01 615.75 Td (challenges, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.62 615.75 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.96 615.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.30 615.75 Td (shift ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.65 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.49 615.75 Td (lower) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.19 615.75 Td (-fee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (passively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.23 603.15 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.78 603.15 Td (products, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.22 603.15 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.52 603.15 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.99 603.15 Td (pressure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.63 603.15 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.44 603.15 Td (pressure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.08 603.15 Td (arising ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.31 603.15 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.37 603.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.85 603.15 Td (shift ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.17 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.99 603.15 Td (lower) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.69 603.15 Td (-fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.66 603.15 Td (passive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.22 603.15 Td (products\), ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.79 590.55 Td (changes, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.38 590.55 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.44 590.55 Td (increasing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.73 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.04 590.55 Td (changing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.67 590.55 Td (role ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.14 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.03 590.55 Td (technology ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.83 590.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.14 590.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.70 590.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.49 590.55 Td (services, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.08 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.05 590.55 Td (constant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.19 590.55 Td (introduction ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.04 577.95 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.34 577.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.30 577.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.26 577.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.87 577.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.83 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.46 577.95 Td (consolidation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.83 577.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.38 577.95 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.91 577.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.53 577.95 Td (firms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.49 577.95 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.95 577.95 Td (mer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.09 577.95 Td (gers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.38 577.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.34 577.95 Td (acquisitions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.92 577.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.47 577.95 Td (addition, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 65.32 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 68.31 565.35 Td (outbreak ) Tj ET Q
q 0 0 0 rg BT 108.04 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 126.19 565.35 Td (global ) Tj ET Q
q 0 0 0 rg BT 155.43 565.35 Td (spread ) Tj ET Q
q 0 0 0 rg BT 185.83 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.57 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.39 565.35 Td (novel ) Tj ET Q
q 0 0 0 rg BT 239.71 565.35 Td (coronavirus ) Tj ET Q
q 0 0 0 rg BT 292.27 565.35 Td (\(�COVID-19�\), ) Tj ET Q
q 0 0 0 rg BT 361.45 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 369.10 565.35 Td (highly ) Tj ET Q
q 0 0 0 rg BT 398.93 565.35 Td (transmissible ) Tj ET Q
q 0 0 0 rg BT 457.34 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 475.49 565.35 Td (pathogenic ) Tj ET Q
q 0 0 0 rg BT 524.55 565.35 Td (disease, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 65.10 552.75 Td (created ) Tj ET Q
q 0 0 0 rg BT 97.02 552.75 Td (widespread ) Tj ET Q
q 0 0 0 rg BT 146.44 552.75 Td (global ) Tj ET Q
q 0 0 0 rg BT 174.29 552.75 Td (business ) Tj ET Q
q 0 0 0 rg BT 211.48 552.75 Td (disruptions ) Tj ET Q
q 0 0 0 rg BT 259.76 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 269.53 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 283.97 552.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 305.98 552.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 361.24 552.75 Td (industry ) Tj ET Q
q 0 0 0 rg BT 397.26 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 414.03 552.75 Td (across ) Tj ET Q
q 0 0 0 rg BT 441.87 552.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 465.05 552.75 Td (industries ) Tj ET Q
q 0 0 0 rg BT 507.49 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 524.26 552.75 Td (resulted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.29 540.15 Td (extreme ) Tj ET Q
q 0 0 0 rg BT 96.73 540.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 128.51 540.15 Td (volatility) Tj ET Q
q 0 0 0 rg BT 165.74 540.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 170.99 540.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 514.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.40 514.95 Td (light ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.81 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.71 514.95 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.44 514.95 Td (challenges, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.54 514.95 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.11 514.95 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.00 514.95 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.23 514.95 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 311.01 514.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 326.41 514.95 Td (continued ) Tj ET Q
q 0 0 0 rg BT 370.97 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 382.29 514.95 Td (focus ) Tj ET Q
q 0 0 0 rg BT 408.19 514.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 421.85 514.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 439.00 514.95 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 475.40 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 487.30 514.95 Td (expanding ) Tj ET Q
q 0 0 0 rg BT 534.19 514.95 Td (client ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (choice, ) Tj ET Q
q 0 0 0 rg BT 82.80 502.35 Td (identifying ) Tj ET Q
q 0 0 0 rg BT 132.14 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 150.58 502.35 Td (implementing ) Tj ET Q
q 0 0 0 rg BT 212.17 502.35 Td (opportunities ) Tj ET Q
q 0 0 0 rg BT 270.86 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 286.37 502.35 Td (collaboration ) Tj ET Q
q 0 0 0 rg BT 345.04 502.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 366.98 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 385.41 502.35 Td (across ) Tj ET Q
q 0 0 0 rg BT 414.92 502.35 Td (af) Tj ET Q
q 0 0 0 rg BT 422.89 502.35 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 454.74 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 473.17 502.35 Td (providing ) Tj ET Q
q 0 0 0 rg BT 517.27 502.35 Td (expanded ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (client ) Tj ET Q
q 0 0 0 rg BT 76.45 489.75 Td (access ) Tj ET Q
q 0 0 0 rg BT 106.88 489.75 Td (through ) Tj ET Q
q 0 0 0 rg BT 143.17 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.62 489.75 Td (enhancement ) Tj ET Q
q 0 0 0 rg BT 218.63 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 231.00 489.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 248.62 489.75 Td (centralized ) Tj ET Q
q 0 0 0 rg BT 298.29 489.75 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 350.33 489.75 Td (function ) Tj ET Q
q 0 0 0 rg BT 388.95 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 407.73 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.18 489.75 Td (development ) Tj ET Q
q 0 0 0 rg BT 482.04 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.41 489.75 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 542.34 489.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (innovative ) Tj ET Q
q 0 0 0 rg BT 96.45 477.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 147.49 477.15 Td (options.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 451.95 Td (Since ) Tj ET Q
q 0 0 0 rg BT 111.06 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 126.13 451.95 Td (inception ) Tj ET Q
q 0 0 0 rg BT 167.44 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 178.42 451.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 194.65 451.95 Td (previously ) Tj ET Q
q 0 0 0 rg BT 241.21 451.95 Td (announced ) Tj ET Q
q 0 0 0 rg BT 288.93 451.95 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 326.73 451.95 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 382.62 451.95 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 405.56 451.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 420.04 451.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 442.09 451.95 Td (achieved ) Tj ET Q
q 0 0 0 rg BT 481.64 451.95 Td (annual ) Tj ET Q
q 0 0 0 rg BT 511.86 451.95 Td (cost ) Tj ET Q
q 0 0 0 rg BT 531.01 451.95 Td (savings ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.28 439.35 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 124.96 439.35 Td ($95 ) Tj ET Q
q 0 0 0 rg BT 143.75 439.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 177.12 439.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 190.65 439.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 198.35 439.35 Td (run ) Tj ET Q
q 0 0 0 rg BT 215.38 439.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 234.14 439.35 Td (basis ) Tj ET Q
q 0 0 0 rg BT 258.18 439.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 269.96 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 281.74 439.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 312.18 439.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 328.34 439.35 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 354.78 439.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 374.14 439.35 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 417.41 439.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 441.44 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.22 439.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 470.25 439.35 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 508.85 439.35 Td (restructuring ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 71.25 426.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 83.67 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 96.09 426.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 127.17 426.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 143.97 426.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 168.64 426.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 192.72 426.75 Td (revised ) Tj ET Q
q 0 0 0 rg BT 226.71 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 238.55 426.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 255.64 426.75 Td (exceed ) Tj ET Q
q 0 0 0 rg BT 288.46 426.75 Td ($105 ) Tj ET Q
q 0 0 0 rg BT 313.13 426.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 349.77 426.75 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 414.09 426.75 Td (20% ) Tj ET Q
q 0 0 0 rg BT 437.01 426.75 Td (less ) Tj ET Q
q 0 0 0 rg BT 456.43 426.75 Td (than ) Tj ET Q
q 0 0 0 rg BT 478.18 426.75 Td (what ) Tj ET Q
q 0 0 0 rg BT 502.27 426.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 518.19 426.75 Td (previously ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (estimated. ) Tj ET Q
q 0 0 0 rg BT 94.99 414.15 Td (See ) Tj ET Q
q 0 0 0 rg BT 112.77 414.15 Td (Note ) Tj ET Q
q 0 0 0 rg BT 135.81 414.15 Td (18 ) Tj ET Q
q 0 0 0 rg BT 148.94 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 160.31 414.15 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 187.43 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 198.22 414.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 256.26 414.15 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 297.96 414.15 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 346.66 414.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 361.53 414.15 Td (additional ) Tj ET Q
q 0 0 0 rg BT 406.15 414.15 Td (information.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 388.95 Td (See ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.53 388.95 Td (�Item ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.30 388.95 Td (8. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.04 388.95 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.99 388.95 Td (Statements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.93 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.96 388.95 Td (Supplementary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.40 388.95 Td (Data� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.75 388.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.87 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.56 388.95 Td (revenues, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.37 388.95 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.07 388.95 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.84 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.87 388.95 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.24 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.85 388.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.30 388.95 Td (Mason, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.43 376.35 Td (operates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.69 376.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.13 376.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.06 376.35 Td (single ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.41 376.35 Td (reportable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.24 376.35 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.10 376.35 Td (segment. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.99 376.35 Td (See ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.42 376.35 Td (Notes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.19 376.35 Td (13 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.96 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.40 376.35 Td (19 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.17 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.19 376.35 Td (Notes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.95 376.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.39 376.35 Td (Consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.08 376.35 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.42 376.35 Td (Statements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.59 363.75 Td (Item ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.75 363.75 Td (8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.92 363.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.59 363.75 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.68 363.75 Td (Report ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.18 363.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.35 363.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.26 363.75 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.50 363.75 Td (generated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.23 363.75 Td (in, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.94 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.02 363.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.94 363.75 Td (long-lived ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.02 363.75 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.44 363.75 Td (\(consisting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.44 363.75 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.44 363.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.10 363.75 Td (intangible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.02 363.75 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.68 351.15 Td (goodwill\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.54 351.15 Td (located ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.88 351.15 Td (in, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.70 351.15 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.95 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.72 351.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.57 351.15 Td (principal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.92 351.15 Td (geographic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.59 351.15 Td (regions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.52 351.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.71 351.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.40 351.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.66 351.15 Td (conduct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.93 351.15 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.16 351.15 Td (See ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.35 351.15 Td (Note ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.78 351.15 Td (7 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.05 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.82 351.15 Td (Notes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.34 351.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (Consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.79 338.55 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.74 338.55 Td (Statements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.70 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.74 338.55 Td (Item ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.86 338.55 Td (8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.99 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.61 338.55 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.66 338.55 Td (Report ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.12 338.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.24 338.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.11 338.55 Td (deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.96 338.55 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.67 338.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.04 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.09 338.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.79 338.55 Td (aggregate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.48 338.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.60 338.55 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.97 338.55 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.34 338.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.79 325.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.65 325.95 Td (operate.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.75 Td (Business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.65 300.75 Td (Overview) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 275.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 106.61 275.55 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 151.03 275.55 Td (structure ) Tj ET Q
q 0 0 0 rg BT 192.54 275.55 Td (combines ) Tj ET Q
q 0 0 0 rg BT 237.56 275.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 256.34 275.55 Td (nine ) Tj ET Q
q 0 0 0 rg BT 279.19 275.55 Td (independent ) Tj ET Q
q 0 0 0 rg BT 335.29 275.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 360.48 275.55 Td (managers, ) Tj ET Q
q 0 0 0 rg BT 408.11 275.55 Td (each ) Tj ET Q
q 0 0 0 rg BT 432.12 275.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 455.57 275.55 Td (diverse ) Tj ET Q
q 0 0 0 rg BT 490.67 275.55 Td (perspectives ) Tj ET Q
q 0 0 0 rg BT 547.34 275.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (specialized ) Tj ET Q
q 0 0 0 rg BT 100.15 262.95 Td (expertise ) Tj ET Q
q 0 0 0 rg BT 142.06 262.95 Td (across ) Tj ET Q
q 0 0 0 rg BT 172.32 262.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 196.74 262.95 Td (classes ) Tj ET Q
q 0 0 0 rg BT 229.91 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 249.08 262.95 Td (strategies, ) Tj ET Q
q 0 0 0 rg BT 295.37 262.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 318.05 262.95 Td (institutional ) Tj ET Q
q 0 0 0 rg BT 372.23 262.95 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 424.66 262.95 Td (capabilities ) Tj ET Q
q 0 0 0 rg BT 476.49 262.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 488.08 262.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 511.32 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 524.08 262.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 542.09 262.95 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (managers ) Tj ET Q
q 0 0 0 rg BT 91.62 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.67 250.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 115.23 250.35 Td (centralized ) Tj ET Q
q 0 0 0 rg BT 163.17 250.35 Td (global ) Tj ET Q
q 0 0 0 rg BT 191.30 250.35 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 241.62 250.35 Td (platform ) Tj ET Q
q 0 0 0 rg BT 279.66 250.35 Td (focusing ) Tj ET Q
q 0 0 0 rg BT 317.71 250.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 330.10 250.35 Td (retail ) Tj ET Q
q 0 0 0 rg BT 353.57 250.35 Td (distribution. ) Tj ET Q
q 0 0 0 rg BT 406.50 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 407.98 250.35 Td (Acting ) Tj ET Q
q 0 0 0 rg BT 438.44 250.35 Td (through ) Tj ET Q
q 0 0 0 rg BT 473.00 250.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 488.89 250.35 Td (independent ) Tj ET Q
q 0 0 0 rg BT 542.09 250.35 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (managers ) Tj ET Q
q 0 0 0 rg BT 93.74 237.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 116.42 237.75 Td (diverse ) Tj ET Q
q 0 0 0 rg BT 150.76 237.75 Td (expertise ) Tj ET Q
q 0 0 0 rg BT 192.67 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 204.85 237.75 Td (equity) Tj ET Q
q 0 0 0 rg BT 230.41 237.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 237.05 237.75 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 262.64 237.75 Td (income, ) Tj ET Q
q 0 0 0 rg BT 300.18 237.75 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 348.50 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 367.68 237.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 407.28 237.75 Td (investments, ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.08 237.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.33 237.75 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.42 237.75 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.61 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.23 225.15 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.25 225.15 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.53 225.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.16 225.15 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.79 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.41 225.15 Td (individual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.45 225.15 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.95 225.15 Td (company-sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.98 225.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.51 225.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.31 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.93 225.15 Td (retail ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.80 212.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.44 212.55 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.83 212.55 Td (programs) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 207.48 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 209.22 212.55 Td (globally ) Tj ET Q
q 0 0 0 rg BT 245.38 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 255.28 212.55 Td (help ) Tj ET Q
q 0 0 0 rg BT 275.10 212.55 Td (seek ) Tj ET Q
q 0 0 0 rg BT 295.50 212.55 Td (better ) Tj ET Q
q 0 0 0 rg BT 321.14 212.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 359.61 212.55 Td (outcomes ) Tj ET Q
q 0 0 0 rg BT 401.59 212.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 413.83 212.55 Td (expanding ) Tj ET Q
q 0 0 0 rg BT 459.31 212.55 Td (choice ) Tj ET Q
q 0 0 0 rg BT 488.45 212.55 Td (across ) Tj ET Q
q 0 0 0 rg BT 516.43 212.55 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (strategies, ) Tj ET Q
q 0 0 0 rg BT 94.37 199.95 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 131.37 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 149.12 199.95 Td (investor ) Tj ET Q
q 0 0 0 rg BT 185.54 199.95 Td (access. ) Tj ET Q
q 0 0 0 rg BT 217.57 199.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.16 199.95 Td (Operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.74 199.95 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.74 199.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.75 199.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.98 199.95 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.54 199.95 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.95 199.95 Td (located ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.86 199.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.62 199.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.04 199.95 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.21 199.95 Td (States, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.51 199.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.93 199.95 Td (United ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.35 Td (Kingdom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.02 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.03 187.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.54 187.35 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.46 187.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.06 187.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.48 187.35 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.82 187.35 Td (worldwide, ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 280.20 187.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 295.29 187.35 Td (deliver ) Tj ET Q
q 0 0 0 rg BT 327.30 187.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 344.14 187.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 393.07 187.35 Td (capabilities ) Tj ET Q
q 0 0 0 rg BT 443.73 187.35 Td (through ) Tj ET Q
q 0 0 0 rg BT 479.25 187.35 Td (varied ) Tj ET Q
q 0 0 0 rg BT 508.33 187.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 547.34 187.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 86.53 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 104.33 174.75 Td (via ) Tj ET Q
q 0 0 0 rg BT 119.79 174.75 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 157.42 174.75 Td (points ) Tj ET Q
q 0 0 0 rg BT 185.72 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.10 174.75 Td (access, ) Tj ET Q
q 0 0 0 rg BT 229.17 174.75 Td (including) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.83 174.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.46 174.75 Td (directly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.16 174.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.96 174.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.25 174.75 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.79 174.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.16 174.75 Td (intermediaries. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.47 174.75 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.43 174.75 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.90 162.15 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.96 162.15 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.11 162.15 Td (discretionary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.17 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.57 162.15 Td (non-discretionary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.87 162.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.76 162.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.75 162.15 Td (separate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.38 162.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.70 162.15 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.68 162.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.09 162.15 Td (numerous ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.12 149.55 Td (styles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.58 149.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.37 149.55 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.09 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.79 149.55 Td (individual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.92 149.55 Td (investors. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.00 149.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.88 149.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.50 149.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.20 149.55 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.65 149.55 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.84 149.55 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.55 149.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.43 149.55 Td (ranging ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.28 136.95 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.23 136.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.75 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.28 136.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.23 136.95 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.19 136.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.72 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.25 136.95 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.20 136.95 Td (income, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.10 136.95 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.72 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.25 136.95 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.93 136.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.63 136.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.90 136.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.44 136.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.47 136.95 Td (wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.25 136.95 Td (variety ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.77 136.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.81 124.35 Td (styles. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.42 124.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.49 124.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.38 124.35 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.53 124.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.08 124.35 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.97 124.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.77 124.35 Td (domestic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.91 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.31 124.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.86 124.35 Td (fshore ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.33 124.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.90 124.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.29 124.35 Td (both ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.19 124.35 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.99 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.38 124.35 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.78 124.35 Td (investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.55 124.35 Td (privately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.11 124.35 Td (placed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.86 111.75 Td (estate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.39 111.75 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.97 111.75 Td (hedge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.67 111.75 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.25 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.04 111.75 Td (funds-of-hedge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.81 111.75 Td (funds.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 86.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.46 86.55 Td (independent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.41 86.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.46 86.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.33 86.55 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.03 86.55 Td (earn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.73 86.55 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.68 86.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.82 86.55 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.70 86.55 Td (ging ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.00 86.55 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.54 86.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.41 86.55 Td (managing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.45 86.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.91 86.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.63 86.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 86.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.85 73.95 Td (Fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.41 73.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.54 73.95 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.60 73.95 Td (calculated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.46 73.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.53 73.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.50 73.95 Td (percentage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.28 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.34 73.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.48 73.95 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.53 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.08 73.95 Td (AUM; ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.82 73.95 Td (accordingly) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.70 73.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.64 73.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.78 73.95 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.91 73.95 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.13 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.19 73.95 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.74 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.80 73.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.11 73.95 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.16 61.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.92 61.35 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.09 61.35 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.91 61.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.08 61.35 Td (decrease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.64 61.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.82 61.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.16 61.35 Td (average ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.69 61.35 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.62 61.35 Td (increases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.53 61.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.70 61.35 Td (decreases. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.98 61.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.15 61.35 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.61 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.87 61.35 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.20 61.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.12 61.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.01 61.35 Td (AUM ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (vary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.67 48.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.86 48.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.20 48.75 Td (type ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.80 48.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.06 48.75 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.23 48.75 Td (managed, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.27 48.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.62 48.75 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.63 48.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.89 48.75 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.91 48.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.59 48.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.94 48.75 Td (account, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.73 48.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.07 48.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.00 48.75 Td (manager ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.67 48.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.34 48.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.69 48.75 Td (type ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.28 48.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.55 48.75 Td (client. ) Tj ET Q
endstream
endobj
15 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 16 0 R>>
endobj
16 0 obj
<</Length 79770>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.35 31.25 Td (5) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (Increases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.27 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.56 741.75 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.77 741.75 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.55 741.75 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.60 741.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.72 741.75 Td (inflows ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.94 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.40 741.75 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.10 741.75 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.32 741.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.44 741.75 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.65 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.53 741.75 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.49 741.75 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.62 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.49 741.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.62 741.75 Td (appreciation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.01 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.17 729.15 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.25 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.33 729.15 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.99 729.15 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.83 729.15 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.33 729.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.74 729.15 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.99 729.15 Td (earned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.30 729.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.14 729.15 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.80 729.15 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.64 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.14 729.15 Td (due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.64 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.14 729.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.30 729.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.80 729.15 Td (currency ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.87 729.15 Td (exchange ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (rates\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.36 716.55 Td (Conversely) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.50 716.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.04 716.55 Td (decreases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.18 716.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.61 716.55 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.03 716.55 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.01 716.55 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.25 716.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.57 716.55 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.81 716.55 Td (redemptions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.63 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.70 716.55 Td (declines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.02 716.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.10 716.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.84 716.55 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.50 716.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.16 716.55 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.39 716.55 Td (assets. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.88 703.95 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.00 703.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.71 703.95 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.25 703.95 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.26 703.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.64 703.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.92 703.95 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.88 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.25 703.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.46 703.95 Td (acquisitions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.25 703.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.62 703.95 Td (decrease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.38 703.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.75 703.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.04 703.95 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.99 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.36 703.95 Td (dispositions.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 678.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 678.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.56 678.75 Td (earn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.96 678.75 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.34 678.75 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.58 678.75 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.82 678.75 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.71 678.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.12 678.75 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.61 678.75 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.85 678.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.42 678.75 Td (exceeding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.31 678.75 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.69 678.75 Td (benchmarks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 678.75 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (hurdle ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.58 666.15 Td (rates. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.04 666.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.62 666.15 Td (lar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.51 666.15 Td (gest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.67 666.15 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.26 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.26 666.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.51 666.15 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.81 666.15 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.97 666.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.22 666.15 Td (earned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.45 666.15 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.62 666.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.37 666.15 Td (12-month ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.45 666.15 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.76 666.15 Td (periods ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.92 666.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.92 666.15 Td (end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 666.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.97 653.55 Td (fering ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.76 653.55 Td (quarters ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.29 653.55 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.42 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.96 653.55 Td (year) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.60 653.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.94 653.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.32 653.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.69 653.55 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.74 653.55 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.36 653.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.57 653.55 Td (quarterly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.18 653.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.94 653.55 Td (periods. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.00 653.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.07 653.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.44 653.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.07 653.55 Td (earn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.85 653.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.61 653.55 Td (fees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.35 640.95 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.02 640.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.53 640.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.63 640.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.80 640.95 Td (earned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.13 640.95 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.06 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.25 640.95 Td (end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.76 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.86 640.95 Td (varying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.29 640.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.72 640.95 Td (periods ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.98 640.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.08 640.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.61 640.95 Td (multiple-year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.52 640.95 Td (intervals. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.66 640.95 Td (For ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.60 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.78 640.95 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.08 628.35 Td (ended ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.58 628.35 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.41 628.35 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.96 628.35 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.01 628.35 Td (2019 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.44 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.02 628.35 Td (2018, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.08 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.25 628.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.67 628.35 Td ($2.9 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.47 628.35 Td (billion, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.94 628.35 Td ($2.9 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.75 628.35 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.59 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.18 628.35 Td ($3.1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.98 628.35 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.83 628.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.42 628.35 Td (total ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.51 628.35 Td (revenues, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.88 628.35 Td ($99.0 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (million, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.50 615.75 Td ($84.9 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.15 615.75 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.52 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.72 615.75 Td ($227.8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.62 615.75 Td (million, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.62 615.75 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.67 615.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.32 615.75 Td (represented ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.75 615.75 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.83 615.75 Td (fees. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.39 615.75 Td (During ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.17 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.03 615.75 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.80 615.75 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.99 615.75 Td (ended ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.09 615.75 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.60 603.15 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.20 603.15 Td (2019 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.18 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.31 603.15 Td (2018, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.91 603.15 Td ($42.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.51 603.15 Td (million, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.45 603.15 Td ($49.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.05 603.15 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.36 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.50 603.15 Td ($108.8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.35 603.15 Td (million, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.28 603.15 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.33 603.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.93 603.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.65 603.15 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.20 603.15 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.23 603.15 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.11 603.15 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (earned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.93 590.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.88 590.55 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.82 590.55 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.68 590.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.62 590.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.57 590.55 Td (invested ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.01 590.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.13 590.55 Td (them ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.57 590.55 Td (prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.43 590.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.05 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.32 590.55 Td (closing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.10 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.30 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.74 590.55 Td (acquisition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.27 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.46 590.55 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.41 590.55 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.26 590.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.34 590.55 Td (April ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (2016 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.68 577.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.03 577.95 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.61 577.95 Td (passed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.79 577.95 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.64 577.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.57 577.95 Td (compensation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.08 577.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.43 577.95 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.11 577.95 Td (Partners�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.23 577.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.42 577.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.25 577.95 Td (team ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.84 577.95 Td (pursuant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.18 577.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.53 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.55 577.95 Td (terms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.06 577.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.99 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.00 577.95 Td (Clarion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.63 565.35 Td (acquisition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.43 565.35 Td (agreement. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.50 565.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.22 565.35 Td (Exclusive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.35 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.21 565.35 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.44 565.35 Td (eligible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.65 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.54 565.35 Td (earn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.33 565.35 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.10 565.35 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.73 565.35 Td (passed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.44 565.35 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.83 565.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.29 565.35 Td (compensation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 565.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.13 552.75 Td (Partners�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.25 552.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.38 552.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.16 552.75 Td (team, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.32 552.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.20 552.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.07 552.75 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.61 552.75 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.86 552.75 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.62 552.75 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.40 552.75 Td (7% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.52 552.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.40 552.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.53 552.75 Td (total ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.32 552.75 Td (long-term ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.39 552.75 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.02 552.75 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.48 552.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.78 552.75 Td (accounts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.87 540.15 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.90 540.15 Td (eligible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.01 540.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.81 540.15 Td (pay ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.59 540.15 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.27 540.15 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.79 540.15 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.00 540.15 Td (some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.79 540.15 Td (point ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.00 540.15 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.04 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.49 540.15 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.85 540.15 Td (year) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.34 540.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 514.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 514.95 Td (As of March 31 of each of the last three fiscal years, we had the following aggregate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.38 514.95 Td (AUM \(in billions, except ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (percentages\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
84 422.85 m
149 422.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
153 422.85 m
190 422.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
194 422.85 m
231 422.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
235 422.85 m
276 422.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
280 422.85 m
320 422.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 422.85 m
382 422.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386 422.85 m
447 422.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
452 422.85 m
502 422.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506 422.85 m
557 422.85 l
s
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 102.00 450.64 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 101.80 439.14 Td (Under) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 86.50 427.64 Td (Management) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 155.80 439.14 Td (Equity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 157.00 427.64 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 201.05 470.64 Td (% of ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 200.50 460.14 Td (T) Tj ET Q
q 0 0 0 rg BT 206.54 460.14 Td (otal ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 207.60 449.64 Td (in) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 196.80 438.14 Td (Equity ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 198.00 427.64 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 242.45 450.64 Td (Fixed) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 238.35 439.14 Td (Income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 241.00 427.64 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 288.55 482.14 Td (% of ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 288.00 471.64 Td (T) Tj ET Q
q 0 0 0 rg BT 294.04 471.64 Td (otal ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 295.10 461.14 Td (in) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 286.95 449.64 Td (Fixed ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 282.85 439.14 Td (Income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 285.50 427.64 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 327.10 438.14 Td (Alternative) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 338.50 427.64 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.05 461.14 Td (% of ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 398.80 449.64 Td (T) Tj ET Q
q 0 0 0 rg BT 404.84 449.64 Td (otal in ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 390.60 439.14 Td (Alternative) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 402.00 427.64 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 455.45 439.14 Td (Liquidity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 462.50 427.64 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 520.05 461.14 Td (% of ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 513.80 449.64 Td (T) Tj ET Q
q 0 0 0 rg BT 519.84 449.64 Td (otal in ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 509.95 439.14 Td (Liquidity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 517.00 427.64 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 412.64 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 86.50 412.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 121.35 412.64 Td (730.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 155.50 412.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 162.35 412.64 Td (161.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 209.50 412.64 Td (22) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 220.00 412.64 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 237.50 412.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 248.35 412.64 Td (420.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 298.50 412.64 Td (58) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 309.00 412.64 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 326.50 412.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 359.60 412.64 Td (74.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 425.50 412.64 Td (10) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 436.00 412.64 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 454.50 412.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 479.60 412.64 Td (75.1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 535.50 412.64 Td (10) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 546.00 412.64 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 398.07 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.35 398.07 Td (758.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 162.35 398.07 Td (202.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 209.50 398.07 Td (27) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 248.35 398.07 Td (419.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.50 398.07 Td (55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 359.60 398.07 Td (68.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.75 398.07 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.60 398.07 Td (67.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 540.75 398.07 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 384.07 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.35 384.07 Td (754.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 162.35 384.07 Td (203.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 209.50 384.07 Td (27) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 248.35 384.07 Td (422.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.50 384.07 Td (56) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 359.60 384.07 Td (66.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.75 384.07 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.60 384.07 Td (62.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 540.75 384.07 Td (8) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 367.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 355.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 355.15 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.14 355.15 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.68 355.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.74 355.15 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.91 355.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.79 355.15 Td (reported ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.65 355.15 Td (equity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.22 355.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.73 355.15 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.19 355.15 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.98 355.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.61 355.15 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.80 355.15 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.18 355.15 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.97 355.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.50 355.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.46 355.15 Td (exclude ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.00 355.15 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 342.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.40 342.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.81 342.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.78 342.55 Td (retained ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.75 342.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.08 342.55 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.89 342.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.54 342.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.36 342.55 Td (short-term ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.26 342.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.17 342.55 Td (temporary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.47 342.55 Td (basis. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.03 342.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.10 342.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.92 342.55 Td (define ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.31 342.55 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.78 342.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.44 342.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.34 342.55 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.30 342.55 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.96 342.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.02 342.55 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 329.95 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.62 329.95 Td (Partners, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.28 329.95 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.99 329.95 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.36 329.95 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.57 329.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.35 329.95 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.98 329.95 Td (Infrastructure.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 304.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 304.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.93 304.75 Td (believe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.95 304.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.40 304.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.26 304.75 Td (conditions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.71 304.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.57 304.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.27 304.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.06 304.75 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.81 304.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.33 304.75 Td (critical ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.18 304.75 Td (elements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.20 304.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.08 304.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.77 304.75 Td (attempts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.06 304.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.93 304.75 Td (grow ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 292.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.72 292.15 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.08 292.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.09 292.15 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.95 292.15 Td (When ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.87 292.15 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.38 292.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.98 292.15 Td (real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.57 292.15 Td (estate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.32 292.15 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.42 292.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.09 292.15 Td (increasing, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.72 292.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.94 292.15 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.29 292.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.48 292.15 Td (tend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.41 292.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.43 292.15 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.68 292.15 Td (because ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.76 292.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 279.55 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.07 279.55 Td (performance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.17 279.55 Td (resulting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.33 279.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.92 279.55 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.33 279.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.16 279.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.23 279.55 Td (revenues. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.59 279.55 Td (Similarly) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.99 279.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.04 279.55 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.87 279.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.53 279.55 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.52 279.55 Td (produce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.76 279.55 Td (positive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.43 279.55 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 266.95 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.07 266.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.40 266.95 Td (maintain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.30 266.95 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.02 266.95 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.00 266.95 Td (levels, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.28 266.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.74 266.95 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.40 266.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.90 266.95 Td (tend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.13 266.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.46 266.95 Td (increase. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.64 266.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.54 266.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.74 266.95 Td (favorable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.54 266.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.86 266.95 Td (conditions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.77 266.95 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 254.35 Td (strong ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.88 254.35 Td (relative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.50 254.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.71 254.35 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.90 254.35 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.60 254.35 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.06 254.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.37 254.35 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.14 254.35 Td (inflows ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.78 254.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.08 254.35 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.71 254.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.26 254.35 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.64 254.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.94 254.35 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.56 254.35 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.73 254.35 Td (Conversely) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.88 254.35 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 241.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.43 241.75 Td (periods ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.10 241.75 Td (when ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.61 241.75 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.02 241.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.53 241.75 Td (real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.03 241.75 Td (estate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.70 241.75 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.70 241.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.28 241.75 Td (weak ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.19 241.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.70 241.75 Td (declining, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.16 241.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.67 241.75 Td (when ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.18 241.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.19 241.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.77 241.75 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.95 241.75 Td (maintained ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.36 241.75 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.69 241.75 Td (fee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 229.15 Td (levels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.62 229.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.98 229.15 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.43 229.15 Td (produced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.12 229.15 Td (poor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.99 229.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.69 229.15 Td (performance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.99 229.15 Td (absolute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.60 229.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.97 229.15 Td (relative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.07 229.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.86 229.15 Td (benchmarks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.22 229.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.59 229.15 Td (peers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.99 229.15 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.45 229.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.07 229.15 Td (likely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.61 229.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.40 229.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.93 229.15 Td (more ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 216.55 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.97 216.55 Td (ficult ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.76 216.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.55 216.55 Td (grow ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.76 216.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.80 216.55 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.93 216.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.71 216.55 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.92 216.55 Td (and, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.33 216.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.13 216.55 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.00 216.55 Td (periods, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.16 216.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.20 216.55 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.33 216.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.12 216.55 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.33 216.55 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.37 216.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.07 216.55 Td (decline.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 191.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 191.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.73 191.35 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.30 191.35 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.46 191.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.79 191.35 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.03 191.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.28 191.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.78 191.35 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.70 191.35 Td (pursuant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.36 191.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.03 191.35 Td (written ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.28 191.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.86 191.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.01 191.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.26 191.35 Td (sub-advisory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 178.75 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.43 178.75 Td (between ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.44 178.75 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.63 178.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.40 178.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.43 178.75 Td (independent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.78 178.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.22 178.75 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.48 178.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.67 178.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.52 178.75 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.88 178.75 Td (\(or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.15 178.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.84 178.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.60 178.75 Td (intermediary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.27 178.75 Td (acting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.96 178.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.49 178.75 Td (behalf ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.75 178.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 166.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.89 166.15 Td (client\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.71 166.15 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.34 166.15 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.80 166.15 Td (usually ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.70 166.15 Td (specify) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.34 166.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.52 166.15 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.66 166.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.80 166.15 Td (things, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.66 166.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.04 166.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.25 166.15 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.72 166.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.44 166.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.92 166.15 Td (paid ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.56 166.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.28 166.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.67 166.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.65 166.15 Td (manager ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.35 166.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 153.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.03 153.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.81 153.55 Td (strategy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.75 153.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.69 153.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.22 153.55 Td (account, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.19 153.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.06 153.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.57 153.55 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.34 153.55 Td (terminable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.94 153.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.14 153.55 Td (either ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.74 153.55 Td (party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.02 153.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.22 153.55 Td (relatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.57 153.55 Td (short ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.27 153.55 Td (notice. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.06 153.55 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.74 153.55 Td (ypically) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.88 153.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 140.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.52 140.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.11 140.95 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.96 140.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.98 140.95 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.34 140.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.20 140.95 Td (assigned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.31 140.95 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.41 140.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.10 140.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.71 140.95 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.98 140.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.68 140.95 Td (transactions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.40 140.95 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.59 140.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.29 140.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.89 140.95 Td (direct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.74 140.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.43 140.95 Td (indirect ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 128.35 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.13 128.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.77 128.35 Td (control ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.40 128.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.04 128.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.77 128.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.07 128.35 Td (manager) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.80 128.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.32 128.35 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.62 128.35 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.35 128.35 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.50 128.35 Td (constitute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.22 128.35 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.02 128.35 Td (assignment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.16 128.35 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.97 128.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.69 128.35 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.60 128.35 Td (Advisers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.19 128.35 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.24 128.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.88 128.35 Td (1940, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 115.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.13 115.75 Td (amended, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.54 115.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.17 115.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.63 115.75 Td (applicable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.66 115.75 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.69 115.75 Td (requirements\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.88 115.75 Td (without ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.85 115.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.57 115.75 Td (prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.86 115.75 Td (consent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.82 115.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.45 115.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.16 115.75 Td (client. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.79 115.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.99 115.75 Td (Mer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.30 115.75 Td (ger ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.59 115.75 Td (constitutes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 103.15 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.96 103.15 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.09 103.15 Td (assignment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.55 103.15 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.67 103.15 Td (US ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.31 103.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.94 103.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.79 103.15 Td (laws. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.88 103.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.94 103.15 Td (When ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.22 103.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.27 103.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.89 103.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.75 103.15 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.29 103.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.51 103.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.39 103.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.27 103.15 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.88 103.15 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.26 103.15 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 90.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.96 90.55 Td (closed-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.15 90.55 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.11 90.55 Td (\(whether ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.13 90.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.59 90.55 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.72 90.55 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.59 90.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.05 90.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.76 90.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.88 90.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.82 90.55 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.53 90.55 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.82 90.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.36 90.55 Td (fund\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.44 90.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.98 90.55 Td (fund's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.92 90.55 Td (board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.53 90.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.99 90.55 Td (directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.44 90.55 Td (generally ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 77.95 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.89 77.95 Td (annually ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.02 77.95 Td (approve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.81 77.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.61 77.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.66 77.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.27 77.95 Td (contract, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.68 77.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.81 77.95 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.95 77.95 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.32 77.95 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.11 77.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.24 77.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.04 77.95 Td (contract, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.45 77.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.59 77.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.38 77.95 Td (fund�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.55 77.95 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.61 77.95 Td (board ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 65.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.88 65.35 Td (directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.26 65.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.06 65.35 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.94 65.35 Td (shareholders ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.64 65.35 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.70 65.35 Td (approve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.16 65.35 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.96 65.35 Td (assignment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.84 65.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.23 65.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.69 65.35 Td (contract ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.14 65.35 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.94 65.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.32 65.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.62 65.35 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.59 65.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.97 65.35 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.76 65.35 Td (that ) Tj ET Q
endstream
endobj
17 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 18 0 R>>
endobj
18 0 obj
<</Length 85702>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.35 31.25 Td (6) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.31 741.75 Td (constitute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.70 741.75 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.18 741.75 Td (assignment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.99 741.75 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.46 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.85 741.75 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.06 741.75 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.11 741.75 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.84 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.15 741.75 Td (1940, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.33 741.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.64 741.75 Td (amended\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.23 741.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.68 741.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.75 741.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.97 741.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.35 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.08 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.47 741.75 Td (process ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.52 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.83 741.75 Td (obtaining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.95 729.15 Td (consents ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.74 729.15 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.35 729.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.21 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.67 729.15 Td (assignments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.63 729.15 Td (resulting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.00 729.15 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.03 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.49 729.15 Td (consummation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.94 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.31 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.76 729.15 Td (Mer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.07 729.15 Td (ger) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.90 729.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.15 729.15 Td ( ) Tj ET Q
BT /F6 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 703.95 Td (Our ) Tj ET Q
q 0 0 0 rg BT 105.63 703.95 Td (Structure ) Tj ET Q
q 0 0 0 rg BT 149.11 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 168.07 703.95 Td (Relationship ) Tj ET Q
q 0 0 0 rg BT 225.55 703.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 246.46 703.95 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 271.84 703.95 Td (Managers) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 678.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 678.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.59 678.75 Td (conduct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.18 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.37 678.75 Td (majority ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.30 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.40 678.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.75 678.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.70 678.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.72 678.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.07 678.75 Td (independent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.74 678.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.51 678.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.51 678.75 Td (subsidiaries, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.07 678.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.09 678.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.69 678.75 Td (refer ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.20 666.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.48 666.15 Td (�af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.10 666.15 Td (filiates.� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.49 666.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.02 666.15 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.88 666.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.83 666.15 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.59 666.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.94 666.15 Td (individual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.05 666.15 Td (businesses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.54 666.15 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.30 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.58 666.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.77 666.15 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.36 666.15 Td (focuses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.38 666.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.41 666.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.60 666.15 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.47 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.74 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.10 666.15 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.92 653.55 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.10 653.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.04 653.55 Td (terms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.14 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.66 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.25 653.55 Td (types ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.19 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.71 653.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.97 653.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.64 653.55 Td (\(primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.98 653.55 Td (alternatives, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.77 653.55 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.79 653.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.31 653.55 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.65 653.55 Td (income\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.45 653.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.38 653.55 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.85 653.55 Td (fer ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.46 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.08 640.95 Td (types ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.04 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.58 640.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.53 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.49 640.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.10 640.95 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.66 640.95 Td (fered, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.64 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.26 640.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.13 640.95 Td (styles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.84 640.95 Td (utilized, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.75 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.37 640.95 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.58 640.95 Td (channels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.11 640.95 Td (used, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.78 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.73 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.35 640.95 Td (types ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.57 628.35 Td (geographic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.13 628.35 Td (locations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.95 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.61 628.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.44 628.35 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.38 628.35 Td (Each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.28 628.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.60 628.35 Td (manager ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.66 628.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.57 628.35 Td (housed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.23 628.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.31 628.35 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.38 628.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.04 628.35 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.52 628.35 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.00 628.35 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.39 628.35 Td (subsidiaries. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.86 628.35 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.44 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.10 628.35 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.07 615.75 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.13 615.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.82 615.75 Td (directly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.33 615.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.52 615.75 Td (indirectly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.20 615.75 Td (owned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.63 615.75 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.57 615.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.76 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.03 615.75 Td (voting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.30 615.75 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.99 615.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.18 615.75 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.94 615.75 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.96 615.75 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.06 615.75 Td (Management, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.75 603.15 Td (Investments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.06 603.15 Td (Martin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.57 603.15 Td (Currie, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.96 603.15 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.32 603.15 Td (Investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.37 603.15 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.31 603.15 Td (Infrastructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.39 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.27 603.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.34 603.15 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.70 603.15 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.97 603.15 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.72 603.15 Td (Company) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.87 603.15 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.57 590.55 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.55 590.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.13 590.55 Td (18% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.95 590.55 Td (owned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.52 590.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.59 590.55 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.09 590.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.30 590.55 Td (team, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.91 590.55 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.62 590.55 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.94 590.55 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.09 590.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.67 590.55 Td (35% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.49 590.55 Td (owned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.06 590.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.13 590.55 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.63 590.55 Td (chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.19 590.55 Td (executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.99 590.55 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.55 590.55 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.35 590.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.93 577.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.53 577.95 Td (24.5% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.26 577.95 Td (owned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.86 577.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.96 577.95 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.48 577.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.73 577.95 Td (team. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.37 577.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.72 577.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.36 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.79 577.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.04 577.95 Td (teams ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.13 577.95 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.31 577.95 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.41 577.95 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.42 577.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.19 577.95 Td (ClearBridge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (Investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.55 565.35 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.09 565.35 Td (owns ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.57 565.35 Td (non-voting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.95 565.35 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.51 565.35 Td (interests ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.81 565.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.28 565.35 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.83 565.35 Td (respective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.70 565.35 Td (businesses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.34 565.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.31 565.35 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.69 565.35 Td (them ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.99 565.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.97 565.35 Td (participation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.34 565.35 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 552.75 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.30 552.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.10 552.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.55 552.75 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.91 552.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.28 552.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.74 552.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.95 552.75 Td (\(subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.81 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.61 552.75 Td (appropriate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.04 552.75 Td (valuation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.74 552.75 Td (discounts\). ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 527.55 Td (Each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.67 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.59 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.77 527.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.36 527.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.77 527.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.96 527.55 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.20 527.55 Td (operated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.53 527.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.45 527.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.30 527.55 Td (separate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.87 527.55 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.64 527.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.56 527.55 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.48 527.55 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.90 527.55 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.00 527.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.35 527.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.90 514.95 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.39 514.95 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.89 514.95 Td (own ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.56 514.95 Td (brand ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.05 514.95 Td (name, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.99 514.95 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.24 514.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.39 514.95 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.39 514.95 Td (functions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.05 514.95 Td (being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.96 514.95 Td (provided ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.86 514.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.94 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.52 514.95 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.35 514.95 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.35 514.95 Td (platform ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.89 502.35 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.44 502.35 Td (cases. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.44 502.35 Td (Consistent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.00 502.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.89 502.35 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.28 502.35 Td (approach, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.61 502.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.07 502.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.11 502.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.50 502.35 Td (place ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.87 502.35 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.32 502.35 Td (sharing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.45 502.35 Td (arrangements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.23 502.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.12 502.35 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.91 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.87 502.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.09 502.35 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (managers: ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.05 489.75 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.78 489.75 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.76 489.75 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.83 489.75 Td (Management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.67 489.75 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.39 489.75 Td (Investments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.16 489.75 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.39 489.75 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.46 489.75 Td (Partners, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.89 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.36 489.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.43 489.75 Td (estern ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.15 477.15 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.27 477.15 Td (Company) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.42 477.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.36 477.15 Td (and/or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.50 477.15 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.37 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.43 477.15 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.99 477.15 Td (key ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.46 477.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.02 477.15 Td (ficers. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.27 477.15 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.83 477.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.97 477.15 Td (terms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.61 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.67 477.15 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.55 477.15 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.10 477.15 Td (sharing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.32 477.15 Td (arrangements, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 56.40 464.55 Td (specified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.54 464.55 Td (percentage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.24 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.23 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.29 464.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.94 464.55 Td (manager's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.30 464.55 Td (revenues, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.48 464.55 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.55 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.53 464.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.33 464.55 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.40 464.55 Td (party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.21 464.55 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.87 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.27 464.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.08 464.55 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.97 464.55 Td (expenses, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.97 451.95 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.42 451.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.06 451.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.44 451.95 Td (distributed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.82 451.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.45 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.75 451.95 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.46 451.95 Td (owners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.26 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.47 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.77 451.95 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.45 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.08 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.38 451.95 Td (balance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.91 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.12 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.42 451.95 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.20 451.95 Td (\(or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.91 451.95 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.21 451.95 Td (revenues\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 451.95 Td (is ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (retained ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.28 439.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.42 439.35 Td (pay ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.56 439.35 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.18 439.35 Td (expenses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.68 439.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.31 439.35 Td (salaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.77 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.90 439.35 Td (bonuses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.33 439.35 Td (but ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.72 439.35 Td (excluding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.10 439.35 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.63 439.35 Td (expenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.51 439.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.73 439.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.45 439.35 Td (amortization ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.04 426.75 Td (acquired ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.99 426.75 Td (intangible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.77 426.75 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.07 426.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.03 426.75 Td (excluding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.23 426.75 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.93 426.75 Td (taxes. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.93 426.75 Td (Specific ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.13 426.75 Td (compensation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.25 426.75 Td (allocations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.53 426.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.15 426.75 Td (determined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.18 426.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.47 426.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.10 426.75 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.15 Td (manager's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.46 414.15 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.57 414.15 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.15 414.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.15 414.15 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.56 414.15 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.98 414.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.46 414.15 Td (approval ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.03 414.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.04 414.15 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.44 414.15 Td (cases. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.43 414.15 Td (Although, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.56 414.15 Td (without ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.48 414.15 Td (renegotiation, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.40 401.55 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.69 401.55 Td (sharing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.67 401.55 Td (arrangements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.29 401.55 Td (impede ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.27 401.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.33 401.55 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.23 401.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.46 401.55 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.93 401.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.99 401.55 Td (profit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.38 401.55 Td (mar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.52 401.55 Td (gins ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.09 401.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.57 401.55 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.21 401.55 Td (businesses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.24 401.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.55 401.55 Td (believe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.93 401.55 Td (these ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (arrangements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.74 388.95 Td (help ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.50 388.95 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.53 388.95 Td (retain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.11 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.96 388.95 Td (attract ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.87 388.95 Td (talented ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.79 388.95 Td (employees. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.01 388.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.44 388.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.16 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.67 388.95 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.58 388.95 Td (sharing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.18 388.95 Td (arrangements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.42 388.95 Td (provide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.88 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.36 376.35 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.67 376.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.81 376.35 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.78 376.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.18 376.35 Td (incentives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.49 376.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.39 376.35 Td (\(i\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.03 376.35 Td (grow ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.35 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.91 376.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.05 376.35 Td (managers' ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.91 376.35 Td (revenues, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.59 376.35 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.90 376.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.27 376.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.01 376.35 Td (able ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.74 363.75 Td (participate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.13 363.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.37 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.27 363.75 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.57 363.75 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.40 363.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.13 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.04 363.75 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.44 363.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.26 363.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.34 363.75 Td (retained; ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.15 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.38 363.75 Td (\(ii\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.29 363.75 Td (control ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.10 363.75 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.83 363.75 Td (expenses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.44 363.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.17 363.75 Td (will ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.22 351.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.38 351.15 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.04 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.12 351.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.28 351.15 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.92 351.15 Td (retained ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.07 351.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.14 351.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.48 351.15 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.70 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.20 351.15 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.78 351.15 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.85 351.15 Td (initiatives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.60 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.09 351.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.66 351.15 Td (incentive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.47 351.15 Td (compensation. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.75 351.15 Td (In ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.51 338.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.30 338.55 Td (chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.25 338.55 Td (executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.45 338.55 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.01 338.55 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.20 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.92 338.55 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.63 338.55 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.35 338.55 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.89 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.02 338.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.81 338.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.43 338.55 Td (teams ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.89 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.60 338.55 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.06 338.55 Td (Partners, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.06 338.55 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.35 338.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.63 325.95 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.75 325.95 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.38 325.95 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.93 325.95 Td (interests ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.23 325.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.70 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.83 325.95 Td (applicable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.28 325.95 Td (company) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.08 325.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.01 325.95 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.98 325.95 Td (helps ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.44 325.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.91 325.95 Td (align ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.21 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.34 325.95 Td (interests ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.64 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.69 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.82 325.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.77 325.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.29 313.35 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.26 313.35 Td (filiates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.46 313.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.75 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.20 313.35 Td (interests ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.82 313.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.19 313.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.81 313.35 Td (shareholders.) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 288.15 Td (Asset Managers) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 262.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.39 262.95 Td (independent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.26 262.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.23 262.95 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.02 262.95 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.66 262.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.87 262.95 Td (wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.84 262.95 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.72 262.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.02 262.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.66 262.95 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.38 262.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.76 262.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.48 262.95 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.60 262.95 Td (managed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.57 250.35 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.03 250.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.11 250.35 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.70 250.35 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.53 250.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.20 250.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.36 250.35 Td (pension ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.45 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.03 250.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.03 250.35 Td (retirement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.59 250.35 Td (plans, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.80 250.35 Td (corporations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.33 250.35 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.98 250.35 Td (companies, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (endowments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.29 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.16 237.75 Td (foundations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.45 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.33 237.75 Td (governments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.90 237.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.36 237.75 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.15 237.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.61 237.75 Td (high ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.99 237.75 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.53 237.75 Td (worth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.74 237.75 Td (individuals ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.12 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.99 237.75 Td (families, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.16 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.03 237.75 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.31 237.75 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.43 237.75 Td (who ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (participate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.85 225.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.05 225.15 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.65 225.15 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.59 225.15 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.28 225.15 Td (programs. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.60 225.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.39 225.15 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.47 225.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.50 225.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.95 225.15 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.22 225.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.18 225.15 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.87 225.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.65 225.15 Td (sub-advise ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.60 225.15 Td (various ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (groups ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.90 212.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.45 212.55 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.91 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.88 212.55 Td (non-proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.59 212.55 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.07 212.55 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.05 212.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.19 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.17 212.55 Td (ETFs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.73 212.55 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.94 212.55 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.66 212.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.30 212.55 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.77 212.55 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.79 212.55 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.77 212.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (1940, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.14 199.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.90 199.95 Td (amended, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.44 199.95 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.12 199.95 Td (equity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.69 199.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.33 199.95 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.92 199.95 Td (income, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.47 199.95 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.07 199.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.25 199.95 Td (balanced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.57 199.95 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.55 199.95 Td (Certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.47 199.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.23 199.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.25 199.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.67 199.95 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.92 199.95 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.85 199.95 Td (manage ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.87 187.35 Td (sub-advise ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.40 187.35 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.44 187.35 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.13 187.35 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.92 187.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.88 187.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.25 187.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.69 187.35 Td (domiciled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.31 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.09 187.35 Td (distributed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.63 187.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.42 187.35 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.54 187.35 Td (around ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.32 187.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.77 187.35 Td (globe.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 162.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 162.15 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.85 162.15 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.02 162.15 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.67 162.15 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.33 162.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.17 162.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.66 162.15 Td (leading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.40 162.15 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.48 162.15 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.89 162.15 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.63 162.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.88 162.15 Td (manager ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.86 162.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.94 162.15 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.94 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.93 162.15 Td (retail ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.12 149.55 Td (Headquartered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.50 149.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.24 149.55 Td (Pasadena, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.52 149.55 Td (California, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.11 149.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.18 149.55 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.26 149.55 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.18 149.55 Td (Management's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.55 149.55 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.87 149.55 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.36 149.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.02 149.55 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 149.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.83 136.95 Td (Y) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.36 136.95 Td (ork ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.30 136.95 Td (City) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.71 136.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.27 136.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.04 136.95 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.56 136.95 Td (Kingdom, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.79 136.95 Td (Japan, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.27 136.95 Td (Brazil, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.84 136.95 Td (Australia ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.27 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.37 136.95 Td (Singapore. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.30 136.95 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.37 136.95 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.73 136.95 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.01 136.95 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.76 136.95 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.32 136.95 Td (fers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.00 136.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.60 136.95 Td (broad ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.19 124.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.32 124.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.85 124.35 Td (spanning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.15 124.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.35 124.35 Td (yield ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.72 124.35 Td (curve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.42 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.95 124.35 Td (encompassing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.82 124.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.02 124.35 Td (world's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.88 124.35 Td (major ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.75 124.35 Td (bond ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.12 124.35 Td (markets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.36 124.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.40 124.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.44 124.35 Td (suite ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.65 124.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.77 124.35 Td (limited ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (duration ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.42 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 111.75 Td (core ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.50 111.75 Td (products, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.21 111.75 Td (emer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.00 111.75 Td (ging ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.60 111.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.67 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.76 111.75 Td (high ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.35 111.75 Td (yield ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.27 111.75 Td (portfolios, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.66 111.75 Td (municipal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.57 111.75 Td (portfolios ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.33 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.42 111.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.00 111.75 Td (variety ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.08 111.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.75 111.75 Td (sector) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.61 111.75 Td (-oriented ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.61 99.15 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.81 99.15 Td (products. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.33 99.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.40 99.15 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.78 99.15 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.06 99.15 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.83 99.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.69 99.15 Td (sub-advises ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.64 99.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.27 99.15 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.38 99.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.66 99.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.36 99.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.13 99.15 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.66 99.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.11 99.15 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.90 99.15 Td (parties. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.55 Td (Among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.14 86.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.10 86.55 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.83 86.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.90 86.55 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.41 86.55 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.88 86.55 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.83 86.55 Td (provides ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.13 86.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.08 86.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.86 86.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.74 86.55 Td (separate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.27 86.55 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.14 86.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.44 86.55 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.25 86.55 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.54 86.55 Td (funds, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.35 73.95 Td (real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.77 73.95 Td (estate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.36 73.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.12 73.95 Td (trust, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.10 73.95 Td (closed-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.27 73.95 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.91 73.95 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.66 73.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.68 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.53 73.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.79 73.95 Td (structured ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.46 73.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.22 73.95 Td (products. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.32 73.95 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.67 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.11 73.95 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.25 61.35 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.31 61.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.38 61.35 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.50 61.35 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.46 61.35 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.90 61.35 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.42 61.35 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.54 61.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.84 61.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.12 61.35 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.49 61.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.86 61.35 Td ($443.9 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.36 61.35 Td (billion.) Tj ET Q
endstream
endobj
19 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 20 0 R>>
endobj
20 0 obj
<</Length 83092>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.35 31.25 Td (7) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 741.75 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.43 741.75 Td (Investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.79 741.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.41 741.75 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.94 741.75 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.80 741.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.83 741.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.09 741.75 Td (firm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.78 741.75 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.30 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.09 741.75 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.99 741.75 Td (Y) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.52 741.75 Td (ork ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.14 741.75 Td (City ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.84 741.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.20 741.75 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.73 741.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.35 741.75 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.90 741.75 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 741.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (Baltimore, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.53 729.15 Td (Maryland ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.76 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.16 729.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.65 729.15 Td (ilmington, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.53 729.15 Td (Delaware. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.79 729.15 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.51 729.15 Td (Investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.67 729.15 Td (provides ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.24 729.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.07 729.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.12 729.15 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.35 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.93 729.15 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.81 716.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.21 716.55 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.43 716.55 Td (balanced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.80 716.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.20 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.42 716.55 Td (closed-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.97 716.55 Td (funds\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.86 716.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.09 716.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.98 716.55 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.62 716.55 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.27 716.55 Td (Funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.63 716.55 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.27 716.55 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.89 716.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.85 716.55 Td (account ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (programs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.29 703.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.35 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.60 703.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.10 703.95 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.67 703.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.51 703.95 Td (and, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.80 703.95 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.38 703.95 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.54 703.95 Td (separate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.44 703.95 Td (accounts, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.30 703.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.97 703.95 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.65 703.95 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.19 703.95 Td (ClearBridge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (Investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.92 691.35 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.50 691.35 Td (sub-advises ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.17 691.35 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.52 691.35 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.35 691.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.36 691.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.78 691.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.27 691.35 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.52 691.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.69 691.35 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.20 691.35 Td (parties. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.48 691.35 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.47 691.35 Td (Investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.89 691.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.45 691.35 Td (fers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.86 691.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.19 691.35 Td (diverse ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (array ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.91 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.49 678.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.41 678.75 Td (styles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.17 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.18 678.75 Td (disciplines, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.56 678.75 Td (designed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.72 678.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.73 678.75 Td (address ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.07 678.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.57 678.75 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.73 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.32 678.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.24 678.75 Td (objectives. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.27 678.75 Td (Significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.19 678.75 Td (ClearBridge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (Investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.02 666.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.87 666.15 Td (styles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.57 666.15 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.25 666.15 Td (low ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.78 666.15 Td (volatility) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.01 666.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.42 666.15 Td (high ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.86 666.15 Td (active ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.70 666.15 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.72 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.66 666.15 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.34 666.15 Td (solutions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.67 666.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.19 666.15 Td (managing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.38 666.15 Td (assets, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.84 653.55 Td (Investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.60 653.55 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.68 653.55 Td (utilizes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.03 653.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.71 653.55 Td (bottoms-up, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.19 653.55 Td (research ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.18 653.55 Td (intensive, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.74 653.55 Td (fundamental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.24 653.55 Td (approach ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.74 653.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.93 653.55 Td (security ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.19 653.55 Td (selection ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.77 640.95 Td (seeks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.05 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.75 640.95 Td (identify ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.93 640.95 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.37 640.95 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.56 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.92 640.95 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.19 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.89 640.95 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.49 640.95 Td (solid ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.44 640.95 Td (economic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.79 640.95 Td (returns ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.48 640.95 Td (relative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.49 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.18 640.95 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.96 640.95 Td (risk-adjusted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.72 640.95 Td (valuations. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.79 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.17 628.35 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.20 628.35 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.95 628.35 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.20 628.35 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.14 628.35 Td (Investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.51 628.35 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.03 628.35 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.15 628.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.45 628.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.73 628.35 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.10 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.47 628.35 Td ($120.3 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.97 628.35 Td (billion.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 603.15 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.98 603.15 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.71 603.15 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.52 603.15 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.48 603.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.64 603.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.46 603.15 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.85 603.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.42 603.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.22 603.15 Td (firm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.45 603.15 Td (headquartered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.07 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.39 603.15 Td (Philadelphia, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (Pennsylvania ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.13 590.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.44 590.55 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.00 590.55 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.46 590.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.02 590.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.83 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.29 590.55 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.51 590.55 Td (Kingdom, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.45 590.55 Td (Canada ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.57 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.37 590.55 Td (Singapore. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.21 590.55 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.18 590.55 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.40 590.55 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.69 590.55 Td (Management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (provides ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.85 577.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.12 577.95 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.48 577.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.49 577.95 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.75 577.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.11 577.95 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.86 577.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.96 577.95 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.88 577.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.32 577.95 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.68 577.95 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.28 577.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.64 577.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.49 577.95 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.00 577.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.94 577.95 Td (fixed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (income, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.25 565.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.14 565.35 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.61 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.00 565.35 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.28 565.35 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.08 565.35 Td (income, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.84 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.22 565.35 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.69 565.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.99 565.35 Td (strategies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.50 565.35 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.04 565.35 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.84 565.35 Td (Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.65 552.75 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.90 552.75 Td (provides ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.40 552.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.81 552.75 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.31 552.75 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.47 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.97 552.75 Td (high ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.97 552.75 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.14 552.75 Td (worth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.97 552.75 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.72 552.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.72 552.75 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.62 552.75 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.85 552.75 Td (account ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (programs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.58 540.15 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.03 540.15 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.74 540.15 Td (non-proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.42 540.15 Td (wrap ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.20 540.15 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.73 540.15 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.11 540.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.40 540.15 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.02 540.15 Td (parties, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.43 540.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.38 540.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.09 540.15 Td (sub-advises ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.88 540.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.35 540.15 Td (mutual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.17 527.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.25 527.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.41 527.55 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.32 527.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.16 527.55 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.33 527.55 Td (parties. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.28 527.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.36 527.55 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.73 527.55 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.39 527.55 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.31 527.55 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.30 527.55 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.45 527.55 Td (manages ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.52 527.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.42 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.51 527.55 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.68 514.95 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.90 514.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.60 514.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.47 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.17 514.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.36 514.95 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.98 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.26 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.80 514.95 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.40 514.95 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.90 514.95 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.76 514.95 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.87 514.95 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.07 514.95 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.42 514.95 Td (pursues ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 56.69 502.35 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.97 502.35 Td (investing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.00 502.35 Td (approach ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.01 502.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.72 502.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.17 502.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.35 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.63 502.35 Td (both ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.83 502.35 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.61 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.31 502.35 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.42 502.35 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.86 502.35 Td (assets. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.96 502.35 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.16 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.44 502.35 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.38 502.35 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.04 502.35 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.20 502.35 Td (Brandywine ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.70 489.75 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.99 489.75 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.42 489.75 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.95 489.75 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.07 489.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.36 489.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.65 489.75 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.01 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.39 489.75 Td ($60.2 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.64 489.75 Td (billion.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 464.55 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.91 464.55 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.23 464.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.15 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.73 464.55 Td (leading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.55 464.55 Td (manager ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.61 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.27 464.55 Td (real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.92 464.55 Td (estate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.74 464.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.73 464.55 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.60 464.55 Td (Headquartered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.31 464.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.40 464.55 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.70 464.55 Td (Y) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.24 464.55 Td (ork, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.77 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.51 464.55 Td (firm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.51 464.55 Td (has ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.06 451.95 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.63 451.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.95 451.95 Td (Atlanta, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.24 451.95 Td (Barcelona, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.18 451.95 Td (Berlin, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.81 451.95 Td (Jersey) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.36 451.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.75 451.95 Td (London, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.79 451.95 Td (Los ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.69 451.95 Td (Angeles, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.48 451.95 Td (Seattle ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.81 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.52 451.95 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.59 451.95 Td (ashington, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.81 451.95 Td (DC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.15 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.07 451.95 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.62 451.95 Td (fers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.12 451.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.54 451.95 Td (broad ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.20 451.95 Td (range ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.32 439.35 Td (real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.13 439.35 Td (estate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.11 439.35 Td (strategies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.83 439.35 Td (across ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.15 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.05 439.35 Td (risk/return ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.86 439.35 Td (spectrum ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.43 439.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.67 439.35 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.91 439.35 Td (investors. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.52 439.35 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.09 439.35 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.58 439.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.13 439.35 Td (fers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.95 439.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.94 439.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.83 439.35 Td (through ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.77 426.75 Td (separate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.26 426.75 Td (accounts, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.71 426.75 Td (privately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.13 426.75 Td (placed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.63 426.75 Td (open-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.79 426.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.22 426.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.48 426.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.57 426.75 Td (recently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.48 426.75 Td (launched ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.48 426.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.41 426.75 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.00 426.75 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.50 426.75 Td (Real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.84 426.75 Td (Estate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.15 Td (Income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.17 414.15 Td (Fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.94 414.15 Td (Inc., ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.77 414.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.95 414.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.79 414.15 Td (publicly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.39 414.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.94 414.15 Td (fered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.69 414.15 Td (real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.60 414.15 Td (estate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.69 414.15 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.77 414.15 Td (fund. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.35 414.15 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.19 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.12 414.15 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.71 414.15 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.01 414.15 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.82 414.15 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.49 414.15 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.08 414.15 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.16 414.15 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.84 414.15 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 56.79 401.55 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.15 401.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.52 401.55 Td ($56.7 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.77 401.55 Td (billion.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 376.35 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.21 376.35 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.46 376.35 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.53 376.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.04 376.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.19 376.35 Td (leading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.60 376.35 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.34 376.35 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.15 376.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.06 376.35 Td (manager ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.70 376.35 Td (specializing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.35 376.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.02 376.35 Td (providing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.35 376.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.92 376.35 Td (solutions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 376.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (public, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.60 363.75 Td (corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.46 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.85 363.75 Td (multi-employer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.39 363.75 Td (pension ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.28 363.75 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.47 363.75 Td (foundations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.90 363.75 Td (endowments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.82 363.75 Td (sovereign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.87 363.75 Td (wealth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.08 363.75 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.27 363.75 Td (insurance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (companies, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.71 351.15 Td (private ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.54 351.15 Td (banks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.34 351.15 Td (family ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.43 351.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.99 351.15 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.49 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.33 351.15 Td (high ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.68 351.15 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.19 351.15 Td (worth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.37 351.15 Td (individuals. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.34 351.15 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.05 351.15 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.48 351.15 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.74 351.15 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.41 351.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.17 351.15 Td (teams ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.35 351.15 Td (located ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 351.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (London, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.83 338.55 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.25 338.55 Td (Y) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.79 338.55 Td (ork ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.83 338.55 Td (City ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.96 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.17 338.55 Td (Paris ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.21 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.42 338.55 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.46 338.55 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.01 338.55 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.88 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.09 338.55 Td (Hong ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.47 338.55 Td (Kong, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.48 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.68 338.55 Td (Singapore. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.26 338.55 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.97 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.76 338.55 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.21 338.55 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.38 338.55 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.05 338.55 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.76 338.55 Td (rust ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.70 325.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.23 325.95 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.35 325.95 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.64 325.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.93 325.95 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.29 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.67 325.95 Td ($13.8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.92 325.95 Td (billion.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 300.75 Td (Martin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.43 300.75 Td (Currie ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.61 300.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.97 300.75 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.23 300.75 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.65 300.75 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.25 300.75 Td (specialist ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.68 300.75 Td (headquartered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.50 300.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.02 300.75 Td (Edinbur) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.66 300.75 Td (gh, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.13 300.75 Td (Scotland ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.23 300.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.26 300.75 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.60 300.75 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.16 300.75 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 300.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.15 Td (London, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.74 288.15 Td (Melbourne ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.77 288.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.88 288.15 Td (Singapore. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.03 288.15 Td (It ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.40 288.15 Td (manages ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.09 288.15 Td (active ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.11 288.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.74 288.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.85 288.15 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.87 288.15 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.07 288.15 Td (portfolios ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.85 288.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.05 288.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.66 288.15 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.86 288.15 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.14 288.15 Td (base ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 288.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.45 275.55 Td (institutions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.97 275.55 Td (charities, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.37 275.55 Td (foundations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.79 275.55 Td (endowments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.71 275.55 Td (pension ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.59 275.55 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.76 275.55 Td (family ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.39 275.55 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.95 275.55 Td (fices, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.61 275.55 Td (government ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.98 275.55 Td (agencies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 275.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.20 262.95 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.21 262.95 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.50 262.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.87 262.95 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.90 262.95 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.65 262.95 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.90 262.95 Td (Martin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.11 262.95 Td (Currie ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.56 262.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.08 262.95 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.35 262.95 Td ($12.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.60 262.95 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.65 262.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.86 262.95 Td (AUM.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 237.75 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.35 237.75 Td (Investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.27 237.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.70 237.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.79 237.75 Td (customized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.04 237.75 Td (solutions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.39 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.98 237.75 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.66 237.75 Td (quantitative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.65 237.75 Td (equities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.74 237.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.25 237.75 Td (firm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.75 237.75 Td (providing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.01 237.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.85 237.75 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.33 225.15 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.16 225.15 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.65 225.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.48 225.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.81 225.15 Td (diverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.80 225.15 Td (array ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.04 225.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.45 225.15 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.29 225.15 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.00 225.15 Td (Headquartered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.46 225.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.30 225.15 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.55 225.15 Td (Y) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.08 225.15 Td (ork ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.74 225.15 Td (City) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.15 225.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.44 225.15 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.54 225.15 Td (Investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.70 225.15 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.36 225.15 Td (developed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (approaches ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.62 212.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.67 212.55 Td (integrating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.05 212.55 Td (quantitative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.51 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.56 212.55 Td (behavioral ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.77 212.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.73 212.55 Td (insights ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.30 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.35 212.55 Td (dynamically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.14 212.55 Td (weighting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.03 212.55 Td (opportunities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 212.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (response ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.70 199.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.33 199.95 Td (changing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.28 199.95 Td (conditions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.48 199.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.11 199.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.40 199.95 Td (economy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.35 199.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.97 199.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.25 199.95 Td (market. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.49 199.95 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.37 199.95 Td (Investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.33 199.95 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.89 199.95 Td (fers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.08 199.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.21 199.95 Td (broad ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.57 199.95 Td (spectrum ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.52 199.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.73 199.95 Td (strategies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.84 199.95 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.35 Td (includes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.42 187.35 Td (actively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.59 187.35 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.42 187.35 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.02 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.11 187.35 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.62 187.35 Td (equities, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.83 187.35 Td (Liquid ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.34 187.35 Td (Alternatives, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.21 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.30 187.35 Td (Customized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.40 187.35 Td (Solutions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.20 187.35 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.80 187.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.48 187.35 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.81 187.35 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.87 187.35 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.75 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.55 174.75 Td (Investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.67 174.75 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.19 174.75 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.46 174.75 Td ($9.8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.46 174.75 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.51 174.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.30 174.75 Td (AUM.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 149.55 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.15 149.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.99 149.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.64 149.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.55 149.55 Td (advisor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.29 149.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.28 149.55 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.61 149.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.98 149.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.13 149.55 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.79 149.55 Td (Funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.92 149.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.41 149.55 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.88 149.55 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.03 149.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.60 149.55 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.68 149.55 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.18 149.55 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.17 149.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.33 149.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.91 136.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.73 136.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.72 136.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.96 136.95 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.28 136.95 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.48 136.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.47 136.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.76 136.95 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.83 136.95 Td (manages ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.81 136.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.64 136.95 Td (pooled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.46 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.87 136.95 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.68 136.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.82 136.95 Td (accounts, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.43 136.95 Td (primarily ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.73 124.35 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.90 124.35 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.92 124.35 Td (Headquartered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.71 124.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.87 124.35 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.39 124.35 Td (Y) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.93 124.35 Td (ork ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.91 124.35 Td (City) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.32 124.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.94 124.35 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.75 124.35 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.81 124.35 Td (invests ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.97 124.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.13 124.35 Td (smaller ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.03 124.35 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.51 124.35 Td (stocks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.37 124.35 Td (using ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.12 124.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.77 124.35 Td (value ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (approach. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.92 111.75 Td (Royce�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.66 111.75 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.07 111.75 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.55 111.75 Td (selection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.19 111.75 Td (process ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.00 111.75 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.38 111.75 Td (seeks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.45 111.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.93 111.75 Td (identify ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.91 111.75 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.13 111.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.12 111.75 Td (strong ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.69 111.75 Td (balance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.07 111.75 Td (sheets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.05 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.53 111.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.68 111.75 Td (ability ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.37 99.15 Td (generate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.63 99.15 Td (free ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.65 99.15 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.01 99.15 Td (flow) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.57 99.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.90 99.15 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.43 99.15 Td (pursues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.21 99.15 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.57 99.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.02 99.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.54 99.15 Td (priced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.48 99.15 Td (below ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.84 99.15 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.47 99.15 Td (estimate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.16 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.61 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.14 99.15 Td (issuer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.03 99.15 Td (�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.94 99.15 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.73 99.15 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.17 99.15 Td (worth. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.40 99.15 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.77 99.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.55 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.53 86.55 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.28 86.55 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.53 86.55 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.98 86.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.50 86.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.63 86.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.92 86.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.21 86.55 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.57 86.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.94 86.55 Td ($9.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.94 86.55 Td (billion.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 61.35 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.08 61.35 Td (Infrastructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.79 61.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.37 61.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.60 61.35 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.42 61.35 Td (listed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.74 61.35 Td (infrastructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.87 61.35 Td (investing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.95 61.35 Td (specialist ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.59 61.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.91 61.35 Td (manages ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.22 61.35 Td (domestic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.71 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.44 61.35 Td (international ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.18 48.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.69 48.75 Td (three ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.03 48.75 Td (distinct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.29 48.75 Td (strategies: ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.21 48.75 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.56 48.75 Td (Infrastructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.80 48.75 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.22 48.75 Td (alue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.05 48.75 Td (\(a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.56 48.75 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.15 48.75 Td (strategy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.74 48.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.75 48.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.76 48.75 Td (mix ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.44 48.75 Td (between ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.77 48.75 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.02 48.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.53 48.75 Td (capital ) Tj ET Q
endstream
endobj
21 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 22 0 R>>
endobj
22 0 obj
<</Length 63552>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.35 31.25 Td (8) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (returns\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.17 741.75 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.56 741.75 Td (Emer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.11 741.75 Td (ging ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.17 741.75 Td (Markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.97 741.75 Td (\(purely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.68 741.75 Td (focused ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.73 741.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.62 741.75 Td (emer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.41 741.75 Td (ging ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.47 741.75 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.10 741.75 Td (infrastructure\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.55 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.10 741.75 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.49 741.75 Td (Infrastructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.02 741.75 Td (Income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (\(a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.95 729.15 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.49 729.15 Td (strategy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.02 729.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.98 729.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.93 729.15 Td (focus ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.96 729.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.75 729.15 Td (distributing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.47 729.15 Td (yield\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.88 729.15 Td (Headquartered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.96 729.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.42 729.15 Td (Sydney) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.24 729.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.21 729.15 Td (Australia, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.62 729.15 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.91 729.15 Td (Infrastructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 729.15 Td (had ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.77 716.55 Td ($3.8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.77 716.55 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.82 716.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.03 716.55 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.16 716.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.53 716.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.90 716.55 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.93 716.55 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.68 716.55 Td (2020.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 691.35 Td (United States Funds) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 666.15 Td (Mutual Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 640.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.09 640.95 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.01 640.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.43 640.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.02 640.95 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.35 640.95 Td (consist ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.78 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.78 640.95 Td (two ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.78 640.95 Td (groups ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.62 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.63 640.95 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.53 640.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.95 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.36 640.95 Td (closed-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.10 640.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.69 640.95 Td (\(the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.27 640.95 Td (�Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.10 628.35 Td (Funds� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.46 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.64 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.49 628.35 Td (�Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.99 628.35 Td (Funds�\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.33 628.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.67 628.35 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.27 628.35 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.87 628.35 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.57 628.35 Td (invest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.67 628.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.86 628.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.54 628.35 Td (wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.97 628.35 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.31 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.07 628.35 Td (domestic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.00 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.18 628.35 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.27 628.35 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.36 615.75 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.63 615.75 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.24 615.75 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.59 615.75 Td (utilizing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.28 615.75 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.89 615.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.67 615.75 Td (styles, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.91 615.75 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.27 615.75 Td (several ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.70 615.75 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.98 615.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.83 615.75 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.29 615.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.32 615.75 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.84 615.75 Td (Funds ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (invest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.21 603.15 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.91 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.70 603.15 Td (smaller) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.40 603.15 Td (-cap ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.09 603.15 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.20 603.15 Td (stocks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.08 603.15 Td (using ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.46 603.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.74 603.15 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.11 603.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.81 603.15 Td (approach.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 577.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.20 577.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.16 577.95 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.12 577.95 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.18 577.95 Td (consist ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.73 577.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.85 577.95 Td (1) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.71 577.95 Td (1) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.57 577.95 Td (1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.20 577.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.58 577.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.13 577.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.84 577.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.38 577.95 Td (27 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.26 577.95 Td (closed-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.12 577.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.84 577.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.38 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.59 577.95 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.55 577.95 Td (States, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.64 577.95 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 577.95 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.35 565.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.05 565.35 Td (sub-advised ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.16 565.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.62 565.35 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.89 565.35 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.42 565.35 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.03 565.35 Td (Management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.43 565.35 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.87 565.35 Td (Partners, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.86 565.35 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.13 565.35 Td (Investments, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (Martin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.95 552.75 Td (Currie, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.28 552.75 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.15 552.75 Td (Infrastructure, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.79 552.75 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.09 552.75 Td (Investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.45 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.35 552.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.42 552.75 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.96 552.75 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.16 552.75 Td (Management. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.34 552.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.54 552.75 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.58 552.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.78 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.82 552.75 Td (closed-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.18 552.75 Td (funds ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (within ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.79 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.08 540.15 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.11 540.15 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.15 540.15 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.28 540.15 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.65 540.15 Td (56 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.60 540.15 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.31 540.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.10 540.15 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.71 540.15 Td (balanced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.48 540.15 Td (funds\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.77 540.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.97 540.15 Td (invest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.51 540.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.13 540.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.25 540.15 Td (wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.12 540.15 Td (spectrum ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.06 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.27 540.15 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.19 527.55 Td (utilizing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.21 527.55 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.66 527.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.77 527.55 Td (styles, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.34 527.55 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.03 527.55 Td (lar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.92 527.55 Td (ge- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.36 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.55 527.55 Td (mid-cap ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.98 527.55 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.76 527.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.13 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.32 527.55 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.42 527.55 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.19 527.55 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.14 514.95 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.12 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.34 514.95 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.00 514.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.23 514.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.63 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.86 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.75 514.95 Td (closed-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.30 514.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.70 514.95 Td (within ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.61 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.50 514.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.14 514.95 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.79 514.95 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.54 514.95 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.51 514.95 Td (82 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.08 514.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.48 514.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.29 514.95 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.85 514.95 Td (fer ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.66 502.35 Td (wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.58 502.35 Td (variety ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.23 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.48 502.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.06 502.35 Td (strategies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.22 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.88 502.35 Td (objectives, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.58 502.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.75 502.35 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.16 502.35 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.62 502.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.20 502.35 Td (grade ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.02 502.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.86 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.52 502.35 Td (municipal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.40 489.75 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.88 489.75 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.80 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.79 489.75 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.44 489.75 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.81 489.75 Td (2020 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.05 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.46 489.75 Td (2019, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.32 489.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.40 489.75 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.22 489.75 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.04 489.75 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.96 489.75 Td (included ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.36 489.75 Td ($155.2 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.48 489.75 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.15 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.55 489.75 Td ($148.7 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.67 489.75 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 489.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.95 477.15 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.00 477.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.96 477.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.46 477.15 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.03 477.15 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.52 477.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.19 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.68 477.15 Td (closed-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.50 477.15 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.79 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.86 477.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.86 477.15 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.84 477.15 Td (32% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.41 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.91 477.15 Td (40%, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.11 477.15 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.16 477.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.11 477.15 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.06 464.55 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.49 464.55 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.45 464.55 Td (49% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.00 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.47 464.55 Td (46%, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.65 464.55 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.70 464.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.63 464.55 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.34 464.55 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.23 464.55 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.44 464.55 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.88 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.35 464.55 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.31 464.55 Td (19% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.86 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.33 464.55 Td (14% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.89 464.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.55 451.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.21 451.95 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.65 451.95 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.28 451.95 Td (assets. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.99 451.95 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.70 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.49 451.95 Td (both ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.20 451.95 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.64 451.95 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.81 451.95 Td (2020 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.85 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.05 451.95 Td (2019, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.72 451.95 Td (less ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.51 451.95 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.63 451.95 Td (1% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.66 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.45 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.32 451.95 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.86 451.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.07 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.94 451.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.55 451.95 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.17 451.95 Td (funds ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.53 439.35 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.46 439.35 Td (assets. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 414.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.68 414.15 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.35 414.15 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.88 414.15 Td (consist ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.90 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.50 414.15 Td (13 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.85 414.15 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.87 414.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.05 414.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.07 414.15 Td (three ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.90 414.15 Td (closed-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.24 414.15 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.05 414.15 Td (most ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.32 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.92 414.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.43 414.15 Td (invest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.37 414.15 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.29 414.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.31 414.15 Td (smaller) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.01 414.15 Td (- ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (cap ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.83 401.55 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.07 401.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.57 401.55 Td (micro-cap ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.89 401.55 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.13 401.55 Td (stocks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.14 401.55 Td (using ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.65 401.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.07 401.55 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.56 401.55 Td (approach. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.30 401.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.38 401.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.46 401.55 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.94 401.55 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.35 401.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.27 401.55 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.27 401.55 Td (approach ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.50 401.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.43 401.55 Td (investing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.68 401.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.61 401.55 Td (smaller ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.43 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.61 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.47 388.95 Td (universe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.06 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.83 388.95 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.51 388.95 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.95 388.95 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.64 388.95 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.74 388.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.33 388.95 Td (select. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.22 388.95 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.91 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.69 388.95 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.12 388.95 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.27 388.95 Td (2020 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.29 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.48 388.95 Td (2019, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.13 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.98 388.95 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.83 388.95 Td (Funds ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (included ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.05 376.35 Td ($7.9 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.81 376.35 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.62 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.17 376.35 Td ($1) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.28 376.35 Td (1.6 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.79 376.35 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.60 376.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.16 376.35 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.67 376.35 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.72 376.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.73 376.35 Td (substantially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.20 376.35 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.09 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.22 376.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.27 376.35 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.06 376.35 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.70 376.35 Td (assets. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.97 376.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.68 376.35 Td (Royce ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.10 363.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.84 363.75 Td (distributed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.67 363.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.26 363.75 Td (non-af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.48 363.75 Td (filiated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.14 363.75 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.30 363.75 Td (supermarkets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.83 363.75 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.33 363.75 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.84 363.75 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.34 363.75 Td (Distribution, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.64 363.75 Td (non-af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.85 363.75 Td (filiated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.51 363.75 Td (wrap ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (programs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.39 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.15 351.15 Td (direct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.66 351.15 Td (distribution. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.31 351.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.66 351.15 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.31 351.15 Td (two ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.66 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.01 351.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.45 351.15 Td (portfolios ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.88 351.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.66 351.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.09 351.15 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.52 351.15 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.80 351.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.22 351.15 Td (distributed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.74 351.15 Td (only ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.01 351.15 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.28 351.15 Td (insurance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (companies.) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 313.35 Td (Exchange T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.78 313.35 Td (raded Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 288.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.86 288.15 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.46 288.15 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.08 288.15 Td (ETFs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.86 288.15 Td (invest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.98 288.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.18 288.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.87 288.15 Td (wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.31 288.15 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.66 288.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.44 288.15 Td (domestic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.38 288.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.57 288.15 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.67 288.15 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.95 288.15 Td (securities. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.81 288.15 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.51 288.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.29 288.15 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.73 288.15 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.88 288.15 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.48 275.55 Td (Mason�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.98 275.55 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.47 275.55 Td (ETF ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.54 275.55 Td (lineup ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.19 275.55 Td (consisted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.67 275.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.82 275.55 Td (ten ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.05 275.55 Td (ETFs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.21 275.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.28 275.55 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.59 275.55 Td (aggregate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.05 275.55 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.96 275.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.10 275.55 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.16 275.55 Td ($1.3 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.93 275.55 Td (billion. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.38 275.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.78 275.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.52 275.55 Td (ETFs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.67 275.55 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.13 262.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.36 262.95 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.41 262.95 Td (Investments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.51 262.95 Td (Martin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.82 262.95 Td (Currie, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.00 262.95 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.15 262.95 Td (Investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.00 262.95 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.74 262.95 Td (Infrastructure, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.23 262.95 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.79 262.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.34 262.95 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.41 262.95 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.16 262.95 Td (Asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (Management. ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 225.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 109.92 225.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 141.35 225.15 Td (currently ) Tj ET Q
q 0 0 0 rg BT 182.09 225.15 Td (holds ) Tj ET Q
q 0 0 0 rg BT 207.69 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 215.20 225.15 Td (19.9% ) Tj ET Q
q 0 0 0 rg BT 245.17 225.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 274.26 225.15 Td (interest ) Tj ET Q
q 0 0 0 rg BT 308.01 225.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 319.02 225.15 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 361.52 225.15 Td (Investments� ) Tj ET Q
q 0 0 0 rg BT 425.40 225.15 Td (\(�Precidian�\), ) Tj ET Q
q 0 0 0 rg BT 486.84 225.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 499.60 225.15 Td (industry ) Tj ET Q
q 0 0 0 rg BT 536.86 225.15 Td (leader ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.53 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.22 212.55 Td (creation ) Tj ET Q
q 0 0 0 rg BT 112.90 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 124.51 212.55 Td (innovative ) Tj ET Q
q 0 0 0 rg BT 171.70 212.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 211.29 212.55 Td (products. ) Tj ET Q
q 0 0 0 rg BT 252.94 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 255.80 212.55 Td (On ) Tj ET Q
q 0 0 0 rg BT 271.50 212.55 Td (May ) Tj ET Q
q 0 0 0 rg BT 293.61 212.55 Td (20, ) Tj ET Q
q 0 0 0 rg BT 309.60 212.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 336.09 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 351.78 212.55 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 373.90 212.55 Td (issued ) Tj ET Q
q 0 0 0 rg BT 403.01 212.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 415.79 212.55 Td (order ) Tj ET Q
q 0 0 0 rg BT 440.80 212.55 Td (granting ) Tj ET Q
q 0 0 0 rg BT 478.66 212.55 Td (exemptive ) Tj ET Q
q 0 0 0 rg BT 525.26 212.55 Td (relief ) Tj ET Q
q 0 0 0 rg BT 550.27 212.55 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 63.86 199.95 Td (use ) Tj ET Q
q 0 0 0 rg BT 79.39 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 89.67 199.95 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 130.85 199.95 Td (Investments�) Tj ET Q
q 0 0 0 rg BT 184.31 199.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 185.51 199.95 Td (ActiveShares� ) Tj ET Q
q 0 0 0 rg BT 251.00 199.95 Td (semi-transparent ) Tj ET Q
q 0 0 0 rg BT 322.51 199.95 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 342.71 199.95 Td (methodology) Tj ET Q
q 0 0 0 rg BT 397.44 199.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 401.48 199.95 Td (This ) Tj ET Q
q 0 0 0 rg BT 421.68 199.95 Td (order ) Tj ET Q
q 0 0 0 rg BT 445.37 199.95 Td (permits ) Tj ET Q
q 0 0 0 rg BT 478.40 199.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 489.84 199.95 Td (actively ) Tj ET Q
q 0 0 0 rg BT 524.60 199.95 Td (managed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 70.18 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 80.36 187.35 Td (operate ) Tj ET Q
q 0 0 0 rg BT 113.27 187.35 Td (without ) Tj ET Q
q 0 0 0 rg BT 147.37 187.35 Td (being ) Tj ET Q
q 0 0 0 rg BT 172.71 187.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 204.47 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 214.65 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 229.49 187.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 261.24 187.35 Td (daily ) Tj ET Q
q 0 0 0 rg BT 284.25 187.35 Td (portfolio ) Tj ET Q
q 0 0 0 rg BT 323.01 187.35 Td (transparency ) Tj ET Q
q 0 0 0 rg BT 378.66 187.35 Td (condition ) Tj ET Q
q 0 0 0 rg BT 420.34 187.35 Td (included ) Tj ET Q
q 0 0 0 rg BT 458.51 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 468.69 187.35 Td (actively ) Tj ET Q
q 0 0 0 rg BT 503.94 187.35 Td (managed ) Tj ET Q
q 0 0 0 rg BT 543.85 187.35 Td (ETF ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (orders. ) Tj ET Q
q 0 0 0 rg BT 81.01 174.75 Td (Following ) Tj ET Q
q 0 0 0 rg BT 126.83 174.75 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 172.63 174.75 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 214.92 174.75 Td (approvals ) Tj ET Q
q 0 0 0 rg BT 258.38 174.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 273.27 174.75 Td (individual ) Tj ET Q
q 0 0 0 rg BT 318.50 174.75 Td (products, ) Tj ET Q
q 0 0 0 rg BT 359.94 174.75 Td (investors ) Tj ET Q
q 0 0 0 rg BT 400.50 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 411.31 174.75 Td (those ) Tj ET Q
q 0 0 0 rg BT 436.12 174.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 474.93 174.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 493.91 174.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 506.47 174.75 Td (able ) Tj ET Q
q 0 0 0 rg BT 526.61 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 537.42 174.75 Td (invest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.44 162.15 Td (actively-managed ) Tj ET Q
q 0 0 0 rg BT 137.85 162.15 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 163.38 162.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 181.90 162.15 Td (do ) Tj ET Q
q 0 0 0 rg BT 195.17 162.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 211.36 162.15 Td (disclose ) Tj ET Q
q 0 0 0 rg BT 247.97 162.15 Td (individual ) Tj ET Q
q 0 0 0 rg BT 293.32 162.15 Td (holdings ) Tj ET Q
q 0 0 0 rg BT 332.27 162.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 345.55 162.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 352.98 162.15 Td (daily ) Tj ET Q
q 0 0 0 rg BT 376.75 162.15 Td (basis, ) Tj ET Q
q 0 0 0 rg BT 403.15 162.15 Td (yet ) Tj ET Q
q 0 0 0 rg BT 418.76 162.15 Td (trade ) Tj ET Q
q 0 0 0 rg BT 442.52 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 460.45 162.15 Td (operate ) Tj ET Q
q 0 0 0 rg BT 494.12 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 505.06 162.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 512.50 162.15 Td (manner ) Tj ET Q
q 0 0 0 rg BT 546.76 162.15 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 58.93 149.55 Td (similar ) Tj ET Q
q 0 0 0 rg BT 90.51 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 101.10 149.55 Td (traditional ) Tj ET Q
q 0 0 0 rg BT 146.68 149.55 Td (ETFs. ) Tj ET Q
q 0 0 0 rg BT 174.48 149.55 Td (On ) Tj ET Q
q 0 0 0 rg BT 189.74 149.55 Td (January ) Tj ET Q
q 0 0 0 rg BT 224.81 149.55 Td (21, ) Tj ET Q
q 0 0 0 rg BT 240.36 149.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 266.41 149.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 290.41 149.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 321.41 149.55 Td (provided ) Tj ET Q
q 0 0 0 rg BT 361.16 149.55 Td (notice ) Tj ET Q
q 0 0 0 rg BT 389.24 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 399.83 149.55 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 441.90 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.07 149.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 465.42 149.55 Td (intention ) Tj ET Q
q 0 0 0 rg BT 505.17 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 515.76 149.55 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 552.57 149.55 Td (its ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (option ) Tj ET Q
q 0 0 0 rg BT 79.32 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 90.47 136.95 Td (increase ) Tj ET Q
q 0 0 0 rg BT 127.85 136.95 Td (its ) Tj ET Q
q 0 0 0 rg BT 140.76 136.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 169.99 136.95 Td (interest ) Tj ET Q
q 0 0 0 rg BT 203.88 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 215.03 136.95 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 257.67 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 268.83 136.95 Td (75%, ) Tj ET Q
q 0 0 0 rg BT 293.68 136.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 326.41 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 337.56 136.95 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 388.37 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 400.10 136.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 431.65 136.95 Td (closing ) Tj ET Q
q 0 0 0 rg BT 464.97 136.95 Td (conditions. ) Tj ET Q
q 0 0 0 rg BT 514.33 136.95 Td (On ) Tj ET Q
q 0 0 0 rg BT 529.49 136.95 Td (April ) Tj ET Q
q 0 0 0 rg BT 554.64 136.95 Td (2, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 75.34 124.35 Td (American ) Tj ET Q
q 0 0 0 rg BT 119.59 124.35 Td (Century ) Tj ET Q
q 0 0 0 rg BT 156.27 124.35 Td (Investments ) Tj ET Q
q 0 0 0 rg BT 209.86 124.35 Td (launched ) Tj ET Q
q 0 0 0 rg BT 250.60 124.35 Td (two ) Tj ET Q
q 0 0 0 rg BT 269.20 124.35 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 290.72 124.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 329.73 124.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 355.33 124.35 Td (Precidian�) Tj ET Q
q 0 0 0 rg BT 397.90 124.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 404.21 124.35 Td (ActiveShares� ) Tj ET Q
q 0 0 0 rg BT 471.02 124.35 Td (semi-transparent ) Tj ET Q
q 0 0 0 rg BT 543.84 124.35 Td (ETF ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (methodology) Tj ET Q
q 0 0 0 rg BT 104.23 111.75 Td (. ) Tj ET Q
BT /F5 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 86.55 Td (Private Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 61.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.93 61.35 Td (addition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.03 61.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.89 61.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.57 61.35 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.93 61.35 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.78 61.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.80 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.65 61.35 Td (ETFs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.71 61.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.39 61.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.49 61.35 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.41 61.35 Td (sponsor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.77 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.61 61.35 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.95 61.35 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.55 61.35 Td (unregistered, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 61.35 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (�private� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.34 48.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.05 48.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.16 48.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.35 48.75 Td (made ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.46 48.75 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.73 48.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.26 48.75 Td (qualified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.95 48.75 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.00 48.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.11 48.75 Td (non-U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.40 48.75 Td (investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.31 48.75 Td (depending ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.42 48.75 Td (upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.79 48.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.99 48.75 Td (product. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.06 48.75 Td (Private ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.17 48.75 Td (funds ) Tj ET Q
endstream
endobj
23 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 24 0 R>>
endobj
24 0 obj
<</Length 71974>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.35 31.25 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.16 741.75 Td (pooled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.59 741.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.51 741.75 Td (vehicles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.76 741.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.36 741.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.02 741.75 Td (exempt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.77 741.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.03 741.75 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.28 741.75 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.70 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.71 741.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.30 741.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.96 741.75 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.55 741.75 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.11 741.75 Td (fered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.52 741.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.54 741.75 Td (sophisticated, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.83 741.75 Td (high ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.95 729.15 Td (worth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.08 729.15 Td (investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.24 729.15 Td (corporations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.98 729.15 Td (sovereign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.43 729.15 Td (wealth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.04 729.15 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.63 729.15 Td (public ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.50 729.15 Td (pension ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.79 729.15 Td (plans ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.58 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.37 729.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.57 729.15 Td (pooled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.77 729.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.47 729.15 Td (vehicles. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.96 716.55 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.33 716.55 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.89 716.55 Td (fers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.59 716.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.22 716.55 Td (broad ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.09 716.55 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.37 716.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.08 716.55 Td (privately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.36 716.55 Td (placed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.72 716.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.02 716.55 Td (invested ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.98 716.55 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.01 716.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.14 716.55 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.35 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.48 716.55 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.52 716.55 Td (instruments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.48 716.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.19 716.55 Td (five ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (major ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.60 703.95 Td (real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.94 703.95 Td (estate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.46 703.95 Td (property ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.64 703.95 Td (types. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.03 703.95 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.74 703.95 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.10 703.95 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.29 703.95 Td (sponsors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.65 703.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.42 703.95 Td (manages ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.77 703.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.04 703.95 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.72 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.07 703.95 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.35 703.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.12 703.95 Td (non-U.S.-or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.10 703.95 Td (ganized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.35 703.95 Td (private ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.19 691.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.30 691.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.85 691.35 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.87 691.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.89 691.35 Td (wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.66 691.35 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.34 691.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.44 691.35 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.11 691.35 Td (strategies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.75 691.35 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.43 691.35 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.37 691.35 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.38 691.35 Td (Management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.18 691.35 Td (ClearBridge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (Investments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.32 678.75 Td (Martin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.35 678.75 Td (Currie, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.25 678.75 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.13 678.75 Td (Investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.70 678.75 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.16 678.75 Td (Infrastructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.74 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.18 678.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.25 678.75 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.23 678.75 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.02 678.75 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.38 678.75 Td (sponsor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.51 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.12 678.75 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.22 678.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.33 678.75 Td (wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.20 678.75 Td (range ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.87 666.15 Td (private ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.65 666.15 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.52 666.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.08 666.15 Td (ferings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.86 666.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.73 666.15 Td (qualifying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.51 666.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.81 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.60 666.15 Td (non-U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.14 666.15 Td (investors.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 640.95 Td (International Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 615.75 Td (Outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.88 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.42 615.75 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.70 615.75 Td (States, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.12 615.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.08 615.75 Td (manage, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.06 615.75 Td (support ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.27 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.15 615.75 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.52 615.75 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.64 615.75 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.00 615.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.04 615.75 Td (across ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.00 615.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.37 615.75 Td (wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.49 615.75 Td (array ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 615.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.38 603.15 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.59 603.15 Td (income, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.76 603.15 Td (liquidity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.66 603.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.92 603.15 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.80 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.60 603.15 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.54 603.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.26 603.15 Td (strategies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.17 603.15 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.14 603.15 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.84 603.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.81 603.15 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.35 603.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.64 603.15 Td (broad ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.19 603.15 Td (range ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.08 590.55 Td (cross ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 590.55 Td (border ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.74 590.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.92 590.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.50 590.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.15 590.55 Td (domiciled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.98 590.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.99 590.55 Td (Ireland ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.56 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.56 590.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.21 590.55 Td (sold ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.55 590.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.56 590.55 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.89 590.55 Td (across ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.34 590.55 Td (Asia, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.05 590.55 Td (Europe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.21 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.21 590.55 Td (Latin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.58 590.55 Td (America. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.19 590.55 Td (Our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.45 577.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.66 577.95 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.45 577.95 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.24 577.95 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.53 577.95 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.65 577.95 Td (ranges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.94 577.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.57 577.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.26 577.95 Td (domiciled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.14 577.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.18 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.89 577.95 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.35 577.95 Td (Kingdom, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.11 577.95 Td (Australia, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.10 577.95 Td (Japan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.89 577.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.93 577.95 Td (Singapore ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.67 565.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.23 565.35 Td (fered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.80 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.98 565.35 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.91 565.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.09 565.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.92 565.35 Td (country ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.01 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.77 565.35 Td (domicile. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.14 565.35 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.48 565.35 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.56 565.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.91 565.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.73 565.35 Td (distributed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.66 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.83 565.35 Td (serviced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.82 565.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.33 565.35 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.92 565.35 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.34 552.75 Td (Distribution, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.99 552.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.00 552.75 Td (discussed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.51 552.75 Td (below) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.49 552.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.38 552.75 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.97 552.75 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.30 552.75 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.53 552.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.45 552.75 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.62 552.75 Td (equity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.19 552.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.08 552.75 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.92 552.75 Td (income, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.71 552.75 Td (alternative, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.91 552.75 Td (liquidity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.56 540.15 Td (balanced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.77 540.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.00 540.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.72 540.15 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.69 540.15 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.49 540.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.14 540.15 Td (sub-advised ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.19 540.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.59 540.15 Td (Brandywine ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.82 540.15 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.29 540.15 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.85 540.15 Td (Management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.19 540.15 Td (ClearBridge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (Investments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.44 527.55 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.15 527.55 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.48 527.55 Td (Global, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.26 527.55 Td (QS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.26 527.55 Td (Investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.95 527.55 Td (Martin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.11 527.55 Td (Currie, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.13 527.55 Td (RARE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.71 527.55 Td (Infrastructure, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.05 527.55 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.45 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.00 527.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.07 527.55 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.15 527.55 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.06 527.55 Td (Management. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.57 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.72 514.95 Td (aggregate, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.47 514.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.04 514.95 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.94 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.42 514.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.64 514.95 Td (186 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.71 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.19 514.95 Td (205 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.26 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.33 514.95 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.23 514.95 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.62 514.95 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.89 514.95 Td (respectively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.94 514.95 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.84 514.95 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.57 514.95 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.02 514.95 Td (2020 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 514.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (2019, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.46 502.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.45 502.35 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.35 502.35 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.85 502.35 Td (dates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.75 502.35 Td (had ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.25 502.35 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.49 502.35 Td (aggregate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.62 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.70 502.35 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.68 502.35 Td ($79.6 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.63 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.12 502.35 Td ($88.4 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.08 502.35 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.83 502.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.33 502.35 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.78 502.35 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.83 502.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.78 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.86 502.35 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.06 489.75 Td (14% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.21 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.28 489.75 Td (19%, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.06 489.75 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.10 489.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.63 489.75 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.94 489.75 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.10 489.75 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.13 489.75 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.68 489.75 Td (30% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.84 489.75 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.14 489.75 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.63 489.75 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.44 489.75 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.84 489.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.92 489.75 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.06 489.75 Td (period, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.25 477.15 Td (3% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.35 477.15 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.85 477.15 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.27 477.15 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.87 477.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.14 477.15 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.47 477.15 Td (period, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.03 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.29 477.15 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.04 477.15 Td (53% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.39 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.65 477.15 Td (48%, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.63 477.15 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.68 477.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.40 477.15 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.91 477.15 Td (liquidity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (assets. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.09 464.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.08 464.55 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.32 464.55 Td (above ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.05 464.55 Td (does ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.96 464.55 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.04 464.55 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.61 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.10 464.55 Td (funds-of-hedge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.90 464.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.90 464.55 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.14 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.96 464.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.52 464.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.69 464.55 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.40 464.55 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.81 464.55 Td (Global, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.67 464.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (Brazil-domiciled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.65 451.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.98 451.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.88 451.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.24 451.95 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.31 451.95 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.94 451.95 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.28 451.95 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.09 451.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.84 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.67 451.95 Td (privately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.99 451.95 Td (placed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.40 451.95 Td (real ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.13 451.95 Td (estate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.04 451.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.37 451.95 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.93 451.95 Td (fered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.50 451.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.00 451.95 Td (Clarion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (Partners.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 414.15 Td (Retail Separately Managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.98 414.15 Td (Account Programs) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 388.95 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 388.95 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.07 388.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.73 388.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.24 388.95 Td (leading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.99 388.95 Td (provider ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.40 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.99 388.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.25 388.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.74 388.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.40 388.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.41 388.95 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.82 388.95 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.23 388.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.97 388.95 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.46 388.95 Td (programs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.59 388.95 Td (commonly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (known ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.44 376.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.55 376.35 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.81 376.35 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.82 376.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.93 376.35 Td (wrap ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.28 376.35 Td (programs. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.61 376.35 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.05 376.35 Td (programs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.06 376.35 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.17 376.35 Td (allow ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.86 376.35 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.87 376.35 Td (brokers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.72 376.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.83 376.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.77 376.35 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (intermediaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.16 363.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.94 363.75 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.49 363.75 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.75 363.75 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.60 363.75 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.62 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.05 363.75 Td (opportunity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.65 363.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.42 363.75 Td (choose ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.19 363.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.20 363.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.47 363.75 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.15 363.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.50 363.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.52 363.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.77 363.75 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.19 363.75 Td (pursuing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.55 363.75 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.02 363.75 Td (ferent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.25 351.15 Td (strategies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.58 351.15 Td (provided ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.58 351.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.76 351.15 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.60 351.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.02 351.15 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.27 351.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.36 351.15 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.89 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.73 351.15 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.47 351.15 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.35 351.15 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.94 351.15 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.52 351.15 Td (all-inclusive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.10 351.15 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.60 351.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.02 351.15 Td (covers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.10 351.15 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.54 338.55 Td (trade ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.30 338.55 Td (execution, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.52 338.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.70 338.55 Td (allocation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.88 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.81 338.55 Td (custodial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.49 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.43 338.55 Td (administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.27 338.55 Td (services. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.07 338.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.14 338.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.57 338.55 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.42 338.55 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.82 325.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.31 325.95 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.65 325.95 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.89 325.95 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.64 325.95 Td (130 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.06 325.95 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.31 325.95 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.54 325.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.11 325.95 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.43 325.95 Td (programs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.76 325.95 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.02 325.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.19 325.95 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.77 325.95 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (institutions.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 288.15 Td (Distribution) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 262.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.59 262.95 Td (centralized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.40 262.95 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.41 262.95 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.59 262.95 Td (group, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.47 262.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.80 262.95 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.15 262.95 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.48 262.95 Td (Distribution, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.62 262.95 Td (consists ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.64 262.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.14 262.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.73 262.95 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.16 262.95 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.68 262.95 Td (Group ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.43 250.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.03 250.35 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.45 250.35 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.98 250.35 Td (Group. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.00 250.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.10 250.35 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.55 250.35 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.07 250.35 Td (Group ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.67 250.35 Td (markets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.31 250.35 Td (distributes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.83 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.77 250.35 Td (supports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.13 250.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.90 250.35 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.34 250.35 Td (mutual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.55 237.75 Td (ETFs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.40 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.66 237.75 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.32 237.75 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.98 237.75 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.97 237.75 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.71 237.75 Td (programs. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.87 237.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.28 237.75 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.02 237.75 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.87 237.75 Td (Group ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.80 237.75 Td (markets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.75 237.75 Td (distributes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.51 225.15 Td (supports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.95 225.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.80 225.15 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.71 225.15 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.52 225.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.12 225.15 Td (general, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.49 225.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.34 225.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.86 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.88 225.15 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.79 225.15 Td (sales ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.06 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.07 225.15 Td (marketing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.49 225.15 Td (teams ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.83 225.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.50 225.15 Td (housed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.10 225.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.12 225.15 Td (separate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.70 212.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.74 212.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.36 212.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.40 212.55 Td (managers.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 187.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.71 187.35 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.21 187.35 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.90 187.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.11 187.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.57 187.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.44 187.35 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.14 187.35 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.60 187.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.98 187.35 Td (own ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.52 187.35 Td (sales ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.40 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.02 187.35 Td (marketing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.05 187.35 Td (teams ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.01 187.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.21 187.35 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.34 187.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.72 187.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 187.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.75 Td (services, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.47 174.75 Td (primarily) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.86 174.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.01 174.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.70 174.75 Td (most ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.64 174.75 Td (cases, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.94 174.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.63 174.75 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.33 174.75 Td (investors. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.28 174.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.13 174.75 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.82 174.75 Td (sales ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.75 174.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.44 174.75 Td (marketing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.53 174.75 Td (teams ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.55 174.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.82 174.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.34 174.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.27 174.75 Td (managers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.09 162.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.44 162.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.01 162.15 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.76 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.86 162.15 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.53 162.15 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.50 162.15 Td (both ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.10 162.15 Td (directly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.10 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.19 162.15 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.79 162.15 Td (consultants. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.59 162.15 Td (Consultants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.11 162.15 Td (play ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.12 162.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.71 162.15 Td (lar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.60 162.15 Td (ge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (role ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.41 149.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.17 149.55 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.93 149.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.93 149.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.17 149.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.25 149.55 Td (helping ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.34 149.55 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.34 149.55 Td (select ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.83 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.58 149.55 Td (retain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.07 149.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.07 149.55 Td (managers. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.52 149.55 Td (Institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.86 149.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.86 149.55 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.54 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.32 136.95 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.19 136.95 Td (consultants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.06 136.95 Td (tend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.76 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.56 136.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.09 136.95 Td (highly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.55 136.95 Td (sophisticated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.00 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.79 136.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.49 136.95 Td (performance-driven.) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 111.75 Td (U.S. Distribution) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 86.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.55 86.55 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.95 86.55 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.43 86.55 Td (Group ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.98 86.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.45 86.55 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.75 86.55 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.06 86.55 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.36 86.55 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.84 86.55 Td (employs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.15 86.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.54 86.55 Td (team ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.67 86.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.14 86.55 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.54 86.55 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.17 86.55 Td (sales, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.93 86.55 Td (marketing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.47 73.95 Td (support ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.79 73.95 Td (staf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.76 73.95 Td (f ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.07 73.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.63 73.95 Td (market, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.22 73.95 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.70 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.67 73.95 Td (support ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.99 73.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.80 73.95 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.28 73.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.26 73.95 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.03 73.95 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.51 73.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.15 73.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.54 73.95 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.93 73.95 Td (Funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.05 73.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.69 73.95 Td (Royce ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (Funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.31 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.65 61.35 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.65 61.35 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.84 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.51 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.85 61.35 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.93 61.35 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.03 61.35 Td (ETFs. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.73 61.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.80 61.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.97 61.35 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.15 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.49 61.35 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.57 61.35 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.66 61.35 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.85 61.35 Td (directly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.43 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.10 61.35 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.27 61.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.44 61.35 Td (number ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.87 48.75 Td (third-party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.40 48.75 Td (distributors.) Tj ET Q
endstream
endobj
25 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 26 0 R>>
endobj
26 0 obj
<</Length 70529>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (10) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 729.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.89 729.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.64 729.15 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.46 729.15 Td (Group ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.36 729.15 Td (distributes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.17 729.15 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.41 729.15 Td (share ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.64 729.15 Td (classes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.86 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.68 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.58 729.15 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.22 729.15 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.87 729.15 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.62 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.85 729.15 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.09 729.15 Td (clients ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.99 716.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.23 716.55 Td (distributes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.30 716.55 Td (variable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.44 716.55 Td (annuity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.26 716.55 Td (sub-advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.83 716.55 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.97 716.55 Td (provided ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.62 716.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.45 716.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.77 716.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.51 716.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.06 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.56 716.55 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.12 716.55 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.34 716.55 Td (\(including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.79 703.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.74 703.95 Td (provided ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.20 703.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.50 703.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.19 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.07 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.03 703.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.74 703.95 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.45 703.95 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.26 703.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.14 703.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.08 703.95 Td (specifically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.61 703.95 Td (designed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.07 703.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.44 703.95 Td (purchase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.89 703.95 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.68 703.95 Td (variable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (annuity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.94 691.35 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.79 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.90 691.35 Td (variable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.65 691.35 Td (life ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.59 691.35 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.77 691.35 Td (policies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.38 691.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.94 691.35 Td (fered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.45 691.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.89 691.35 Td (participating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.90 691.35 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.08 691.35 Td (companies\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.05 691.35 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.33 691.35 Td (institutional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.77 678.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.79 678.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.29 678.75 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.05 678.75 Td (distributed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.65 678.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.64 678.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.71 678.75 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.88 678.75 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.90 678.75 Td (Management�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.63 678.75 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.40 678.75 Td (sales ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.50 678.75 Td (team. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.02 678.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.03 678.75 Td (Royce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.54 678.75 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.90 678.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.40 678.75 Td (distributed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 678.75 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (Royce�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.24 666.15 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.95 666.15 Td (sales ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.99 666.15 Td (team ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.02 666.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.81 666.15 Td (addition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.85 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.64 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.10 666.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.40 666.15 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.77 666.15 Td (Group.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 640.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.72 640.95 Td (addition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.60 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.24 640.95 Td (distributing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.13 640.95 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.55 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.85 640.95 Td (wholesalers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.89 640.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.53 640.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.57 640.95 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.63 640.95 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.67 640.95 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.90 640.95 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.28 640.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.90 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.53 640.95 Td (support ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.50 640.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.00 628.35 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 628.35 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.33 628.35 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.91 628.35 Td (program ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.41 628.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.17 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.26 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.02 628.35 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.53 628.35 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.04 628.35 Td (ETFs. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.07 628.35 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.08 628.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.83 628.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.58 628.35 Td (provided ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.83 628.35 Td (through ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (programs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.78 615.75 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.99 615.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.11 615.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.40 615.75 Td (variety ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.18 615.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.55 615.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.90 615.75 Td (institutions.) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 590.55 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.54 590.55 Td (Distribution) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 565.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.23 565.35 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.28 565.35 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.43 565.35 Td (Group ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.67 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.82 565.35 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.79 565.35 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.78 565.35 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.76 565.35 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.92 565.35 Td (employs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.90 565.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.97 565.35 Td (team ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.78 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.93 565.35 Td (sales, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.37 565.35 Td (marketing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 565.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (support ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.75 552.75 Td (staf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.73 552.75 Td (f ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.98 552.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.47 552.75 Td (markets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.09 552.75 Td (distributes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.60 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.51 552.75 Td (supports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.85 552.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.60 552.75 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.42 552.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.51 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.43 552.75 Td (individual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.76 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.67 552.75 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.60 552.75 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.27 552.75 Td (across ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (Asia ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.50 540.15 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.58 540.15 Td (Australia ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.81 540.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.72 540.15 Td (Japan\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.50 540.15 Td (Europe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.57 540.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.48 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.23 540.15 Td (Americas. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.56 540.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.64 540.15 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.03 540.15 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.53 540.15 Td (Group ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.11 540.15 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.85 540.15 Td (sales ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.01 540.15 Td (teams ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.04 527.55 Td (out ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.35 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.99 527.55 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.30 527.55 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.86 527.55 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.57 527.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.63 527.55 Td (18 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.02 527.55 Td (cities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.07 527.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.13 527.55 Td (15 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.52 527.55 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.90 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.95 527.55 Td (distributing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.26 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.15 527.55 Td (cross ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.62 527.55 Td (border ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.91 527.55 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.87 527.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.09 527.55 Td (globally ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.12 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.58 514.95 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.10 514.95 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.97 514.95 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.67 514.95 Td (ranges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.54 514.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.16 514.95 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.87 514.95 Td (respective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.89 514.95 Td (countries. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.28 514.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.07 514.95 Td (goal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.60 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.81 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.27 514.95 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.37 514.95 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.58 514.95 Td (Group ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.87 514.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 514.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.14 502.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.53 502.35 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.51 502.35 Td (partner ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.97 502.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.94 502.35 Td (firms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.84 502.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.31 502.35 Td (utilize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.28 502.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.76 502.35 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.15 502.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.29 502.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.67 502.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.56 502.35 Td (around ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.45 502.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.01 502.35 Td (world, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.86 502.35 Td (but ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.01 502.35 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.65 502.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.55 502.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.19 502.35 Td (viewed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.17 489.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.75 489.75 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.08 489.75 Td (partner ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.74 489.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.32 489.75 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.16 489.75 Td (understanding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.57 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.24 489.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.99 489.75 Td (nuances ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.73 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.81 489.75 Td (needs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.65 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.31 489.75 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.47 489.75 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.80 489.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.87 489.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.54 489.75 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.54 489.75 Td (cover) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.28 489.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.69 489.75 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.69 489.75 Td (distributors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (seek ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.11 477.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.24 477.15 Td (develop ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.44 477.15 Td (deep ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.21 477.15 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.59 477.15 Td (relationships ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.21 477.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.83 477.15 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.36 477.15 Td (banks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.44 477.15 Td (private ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.55 477.15 Td (banks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.63 477.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.00 477.15 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.81 477.15 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.02 477.15 Td (platforms, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.84 477.15 Td (pension ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (plans ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.89 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.28 464.55 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.74 464.55 Td (plans. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.76 464.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.31 464.55 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.61 464.55 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.26 464.55 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.81 464.55 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.86 464.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.00 464.55 Td (work ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.81 464.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.71 464.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.93 464.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.57 464.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.03 464.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.76 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.65 464.55 Td (case-by-case ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.50 464.55 Td (basis ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.35 451.95 Td (take ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.53 451.95 Td (advantage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.78 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.21 451.95 Td (preferences ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.27 451.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.20 451.95 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.30 451.95 Td (distributors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.82 451.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.25 451.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.11 451.95 Td (meet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.20 451.95 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.04 451.95 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.54 451.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.39 451.95 Td (distributing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.50 451.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 451.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.94 439.35 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.90 439.35 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.77 439.35 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.80 439.35 Td (markets.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 414.15 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.98 414.15 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.56 414.15 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.52 414.15 Td (forts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.92 414.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.90 414.15 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.47 414.15 Td (limited ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.37 414.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.69 414.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.67 414.15 Td (locations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.73 414.15 Td (where ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.54 414.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.94 414.15 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.91 414.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.47 414.15 Td (fices, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.07 414.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.97 414.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.95 414.15 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.75 414.15 Td (Distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (Group ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.07 401.55 Td (distributes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.56 401.55 Td (cross ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.88 401.55 Td (border ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.03 401.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.10 401.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.01 401.55 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.33 401.55 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.15 401.55 Td (26 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.39 401.55 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.62 401.55 Td (around ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.52 401.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.09 401.55 Td (world. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.83 401.55 Td (This ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.24 401.55 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.23 401.55 Td (presence ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.69 401.55 Td (provides ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.60 401.55 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.91 401.55 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.93 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.52 388.95 Td (capabilities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.10 388.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.03 388.95 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.87 388.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.30 388.95 Td (platform ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.22 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.73 388.95 Td (sales, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.53 388.95 Td (service, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.65 388.95 Td (marketing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.98 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.91 388.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.83 388.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.34 388.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.68 388.95 Td (cater ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.84 388.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.77 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.36 388.95 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.83 388.95 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.08 388.95 Td (distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (dynamics ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.32 376.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.06 376.35 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.87 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.19 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.59 376.35 Td (regions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.08 376.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.40 376.35 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.81 376.35 Td (covers. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.41 376.35 Td (Client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.66 376.35 Td (coverage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.12 376.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.70 376.35 Td (local, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.31 376.35 Td (coordinated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.44 376.35 Td (across ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.26 376.35 Td (regions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.37 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.11 376.35 Td (encompasses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.50 376.35 Td (multiple ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.77 363.75 Td (channels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.36 363.75 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.88 363.75 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.07 363.75 Td (-dealers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.78 363.75 Td (funds-of-funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.67 363.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.93 363.75 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.64 363.75 Td (independent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.81 363.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.40 363.75 Td (advisers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.28 363.75 Td (banks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.26 363.75 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (platforms, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.79 351.15 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.45 351.15 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.77 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.36 351.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.36 351.15 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.20 351.15 Td (partners. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.89 351.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.64 351.15 Td (extent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.72 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.31 351.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.40 351.15 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.06 351.15 Td (channel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.13 351.15 Td (takes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.13 351.15 Td (precedence ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.76 351.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 351.15 Td (any ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 338.55 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.06 338.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.69 338.55 Td (governed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.39 338.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.51 338.55 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.54 338.55 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.32 338.55 Td (dynamics.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 313.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.99 313.35 Td (Australia, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.35 313.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.59 313.35 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.25 313.35 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.23 313.35 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.14 313.35 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.78 313.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.19 313.35 Td (cross ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.01 313.35 Td (border ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.65 313.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.23 313.35 Td (sub-advised ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.63 313.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.37 313.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.61 313.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.26 313.35 Td (managers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.75 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.62 300.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.83 300.75 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.45 300.75 Td (investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.04 300.75 Td (pension ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.75 300.75 Td (plans, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.58 300.75 Td (fund-of-funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.95 300.75 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.85 300.75 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.13 300.75 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.08 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.28 300.75 Td (government ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.48 300.75 Td (funds/agencies. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.45 288.15 Td (Japan, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.20 288.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.40 288.15 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.03 288.15 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.98 288.15 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.85 288.15 Td (domestic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.97 288.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.25 288.15 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.42 288.15 Td (cross ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.21 288.15 Td (border ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.82 288.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.36 288.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.73 288.15 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.10 288.15 Td (separate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.38 275.55 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.59 275.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.89 275.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.86 275.55 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.57 275.55 Td (market, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.49 275.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.29 275.55 Td (includes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.42 275.55 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.13 275.55 Td (banks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.39 275.55 Td (private ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.68 275.55 Td (banks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.94 275.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.50 275.55 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.49 275.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.96 275.55 Td (platforms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 275.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.36 262.95 Td (companies.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 237.75 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.21 237.75 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.13 237.75 Td (Global�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.62 237.75 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.88 237.75 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.20 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.53 237.75 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.52 237.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.50 237.75 Td (sold ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.17 237.75 Td (outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.67 237.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.67 237.75 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.41 237.75 Td (States ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.66 237.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.00 237.75 Td (non-U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.08 237.75 Td (high ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.92 237.75 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.91 237.75 Td (worth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.58 237.75 Td (investors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.61 225.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.72 225.15 Td (network ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.57 225.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.77 225.15 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.95 225.15 Td (intermediaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.45 225.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.40 225.15 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.11 225.15 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.31 225.15 Td (Global�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.80 225.15 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.34 225.15 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.20 225.15 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.39 225.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.59 225.15 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.11 225.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.31 225.15 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.42 225.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.86 225.15 Td (International ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.88 212.55 Td (Group. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.96 212.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.34 212.55 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.00 212.55 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.71 212.55 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.09 212.55 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.30 212.55 Td (distributes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.67 212.55 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.22 212.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.01 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.80 212.55 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.24 212.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.04 212.55 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.34 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.13 212.55 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.82 212.55 Td (institutions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.79 199.95 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.50 199.95 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.87 199.95 Td (Global�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.37 199.95 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.08 199.95 Td (internal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.78 199.95 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.82 199.95 Td (teams.) Tj ET Q
BT /F2 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 174.75 Td (Employees) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 149.55 Td (At ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.43 149.55 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.26 149.55 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.81 149.55 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.86 149.55 Td (2019, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.91 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.49 149.55 Td (2018, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.54 149.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.21 149.55 Td (had ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.80 149.55 Td (3,059, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.47 149.55 Td (3,246, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.15 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.73 149.55 Td (3,275 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.78 149.55 Td (employees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.74 149.55 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.78 149.55 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.83 149.55 Td (None ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.00 149.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.18 149.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.60 149.55 Td (employees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.02 136.95 Td (covered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.95 136.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.15 136.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.51 136.95 Td (collective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.02 136.95 Td (bar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.24 136.95 Td (gaining ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.44 136.95 Td (agreement. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.36 136.95 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.43 136.95 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.80 136.95 Td (consider ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.07 136.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.77 136.95 Td (relations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.62 136.95 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.99 136.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.69 136.95 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.29 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.16 136.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.77 136.95 Td (satisfactory) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.49 136.95 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.82 136.95 Td (However) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.88 136.95 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.81 124.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.20 124.35 Td (experienced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.06 124.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.62 124.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.42 124.35 Td (personnel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.39 124.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.54 124.35 Td (intense ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.43 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.74 124.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.29 124.35 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.11 124.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.42 124.35 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.23 124.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.62 124.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.85 124.35 Td (experience ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.47 124.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.27 124.35 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 124.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (valuable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.69 111.75 Td (personnel. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.57 111.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.64 111.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.93 111.75 Td (recognize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.36 111.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.81 111.75 Td (importance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.67 111.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.46 111.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.08 111.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.30 111.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.67 111.75 Td (hiring, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.00 111.75 Td (training ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.28 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.07 111.75 Td (retaining ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.02 111.75 Td (skilled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.64 111.75 Td (professionals.) Tj ET Q
BT /F2 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 86.55 Td (Competition) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 61.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 61.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.97 61.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.53 61.35 Td (engaged ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.25 61.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.15 61.35 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.80 61.35 Td (extremely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.52 61.35 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.83 61.35 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.16 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.06 61.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.62 61.35 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.10 61.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.01 61.35 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.66 61.35 Td (competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.56 61.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.46 61.35 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.70 61.35 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 61.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.98 48.75 Td (business. ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 104.58 48.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 122.39 48.75 Td (success ) Tj ET Q
q 0 0 0 rg BT 155.36 48.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.60 48.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 181.08 48.75 Td (business ) Tj ET Q
q 0 0 0 rg BT 218.16 48.75 Td (depends ) Tj ET Q
q 0 0 0 rg BT 254.05 48.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 266.04 48.75 Td (numerous ) Tj ET Q
q 0 0 0 rg BT 308.94 48.75 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 341.62 48.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 382.77 48.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 430.33 48.75 Td (style, ) Tj ET Q
q 0 0 0 rg BT 454.27 48.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 501.84 48.75 Td (performance, ) Tj ET Q
endstream
endobj
27 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 28 0 R>>
endobj
28 0 obj
<</Length 66789>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.90 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 305.76 31.25 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (quality ) Tj ET Q
q 0 0 0 rg BT 81.90 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.89 741.75 Td (advice, ) Tj ET Q
q 0 0 0 rg BT 127.16 741.75 Td (track ) Tj ET Q
q 0 0 0 rg BT 151.39 741.75 Td (records, ) Tj ET Q
q 0 0 0 rg BT 188.15 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 204.22 741.75 Td (level ) Tj ET Q
q 0 0 0 rg BT 227.87 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.86 741.75 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 262.63 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 278.70 741.75 Td (range ) Tj ET Q
q 0 0 0 rg BT 305.26 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 317.25 741.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 356.65 741.75 Td (of) Tj ET Q
q 0 0 0 rg BT 365.21 741.75 Td (fered, ) Tj ET Q
q 0 0 0 rg BT 392.64 741.75 Td (brand ) Tj ET Q
q 0 0 0 rg BT 419.79 741.75 Td (recognition, ) Tj ET Q
q 0 0 0 rg BT 473.48 741.75 Td (business ) Tj ET Q
q 0 0 0 rg BT 512.30 741.75 Td (reputation, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 91.00 729.15 Td (strength, ) Tj ET Q
q 0 0 0 rg BT 132.23 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.83 729.15 Td (depth ) Tj ET Q
q 0 0 0 rg BT 177.93 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.86 729.15 Td (continuity ) Tj ET Q
q 0 0 0 rg BT 245.21 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 258.73 729.15 Td (relationships, ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.79 729.15 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.98 729.15 Td (relationships ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.42 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.35 729.15 Td (compensation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.44 729.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.00 729.15 Td (fered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 729.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (distributors) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 97.34 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 99.33 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 116.49 716.55 Td (quality ) Tj ET Q
q 0 0 0 rg BT 147.64 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 158.38 716.55 Td (service. ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.74 716.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.06 716.55 Td (competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.21 716.55 Td (includes, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.83 716.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.49 716.55 Td (respect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.22 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.38 716.55 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.53 716.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.27 716.55 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.84 716.55 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.16 716.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.90 716.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.89 716.55 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.10 716.55 Td (numerous ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.62 703.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.97 703.95 Td (firms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.83 703.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.70 703.95 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.89 703.95 Td (-dealers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.45 703.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.32 703.95 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.27 703.95 Td (complexes, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.50 703.95 Td (hedge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.28 703.95 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.94 703.95 Td (commercial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.21 703.95 Td (banks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.03 703.95 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.97 703.95 Td (companies, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.95 691.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.24 691.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.76 691.35 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.54 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.58 691.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.03 691.35 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.64 691.35 Td (institutions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.82 691.35 Td (Many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.19 691.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.81 691.35 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.26 691.35 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.82 691.35 Td (ganizations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.52 691.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.08 691.35 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.61 691.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.64 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.68 691.35 Td (services ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.42 678.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.42 678.75 Td (similar ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.76 678.75 Td (to, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.74 678.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.66 678.75 Td (compete ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.41 678.75 Td (with, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.88 678.75 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.22 678.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.65 678.75 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.20 678.75 Td (fer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.44 678.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.24 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.58 678.75 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.09 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.01 678.75 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.77 678.75 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.33 678.75 Td (ganizations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.33 678.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.33 678.75 Td (substantially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.59 678.75 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.34 678.75 Td (personnel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 678.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (greater ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.51 666.15 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.10 666.15 Td (resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.61 666.15 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.55 666.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.66 666.15 Td (have. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.97 666.15 Td (Some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.75 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.36 666.15 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.80 666.15 Td (competitors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.24 666.15 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.92 666.15 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.43 666.15 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.45 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.48 666.15 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.76 666.15 Td (channels ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.76 653.55 Td (make ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.01 653.55 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.36 653.55 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.44 653.55 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.92 653.55 Td (ficult ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.59 653.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.34 653.55 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.19 653.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.87 653.55 Td (compete ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.95 653.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.13 653.55 Td (them. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.27 653.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.52 653.55 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.07 653.55 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.91 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.17 653.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.68 653.55 Td (competitors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.77 653.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.10 653.55 Td (long-standing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.36 653.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (established ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.47 640.95 Td (relationships ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.45 640.95 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.43 640.95 Td (distributors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.59 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.06 640.95 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.41 640.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.49 640.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.13 640.95 Td (primary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.69 640.95 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.57 640.95 Td (factors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.45 640.95 Td (relating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.84 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.32 640.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.64 640.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.54 640.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.67 640.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (quality ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.29 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.67 628.35 Td (advice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.70 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.49 628.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.94 628.35 Td (provided ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.90 628.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.69 628.35 Td (investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.86 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.32 628.35 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.00 628.35 Td (records ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.53 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.91 628.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.29 628.35 Td (advice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.32 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.11 628.35 Td (service, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.10 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.55 628.35 Td (reputation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 628.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.97 615.75 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.10 615.75 Td (providing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.57 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.04 615.75 Td (services, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.12 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.59 615.75 Td (price ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.22 615.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.61 615.75 Td (services, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.69 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.16 615.75 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.96 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.76 615.75 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.22 615.75 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.78 615.75 Td (fered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.98 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.78 615.75 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.85 615.75 Td (relationships ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.26 603.15 Td (compensation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.18 603.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.74 603.15 Td (fered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.90 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.67 603.15 Td (distributors. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.73 603.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 221.21 603.15 Td (W) Tj ET Q
q 0 0 0 rg BT 230.28 603.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 236.54 603.15 Td (believe ) Tj ET Q
q 0 0 0 rg BT 268.46 603.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 285.81 603.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 301.40 603.15 Td (focus ) Tj ET Q
q 0 0 0 rg BT 325.75 603.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 337.84 603.15 Td (expanding ) Tj ET Q
q 0 0 0 rg BT 383.18 603.15 Td (client ) Tj ET Q
q 0 0 0 rg BT 408.11 603.15 Td (choice ) Tj ET Q
q 0 0 0 rg BT 437.11 603.15 Td (through ) Tj ET Q
q 0 0 0 rg BT 471.37 603.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 477.63 603.15 Td (variety ) Tj ET Q
q 0 0 0 rg BT 508.38 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.73 603.15 Td (products, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 86.53 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 104.31 590.55 Td (access ) Tj ET Q
q 0 0 0 rg BT 133.75 590.55 Td (enable ) Tj ET Q
q 0 0 0 rg BT 163.78 590.55 Td (us ) Tj ET Q
q 0 0 0 rg BT 175.74 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 186.53 590.55 Td (compete ) Tj ET Q
q 0 0 0 rg BT 224.72 590.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 232.69 590.55 Td (fectively ) Tj ET Q
q 0 0 0 rg BT 272.05 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 282.84 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.29 590.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 347.00 590.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 403.27 590.55 Td (business.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 565.35 Td (Competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.57 565.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.31 565.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.88 565.35 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.03 565.35 Td (periodically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.75 565.35 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.32 565.35 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.71 565.35 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.68 565.35 Td (fected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.89 565.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.96 565.35 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.86 565.35 Td (developments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.75 565.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.48 565.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.88 565.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.86 565.35 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.24 552.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.85 552.75 Td (See ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.00 552.75 Td (�Item ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.89 552.75 Td (1A. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.34 552.75 Td (Risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.59 552.75 Td (Factors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.49 552.75 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.98 552.75 Td (Risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.31 552.75 Td (Related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.37 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.53 552.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.63 552.75 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.96 552.75 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.76 552.75 Td (Business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.09 552.75 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.58 552.75 Td (Competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.07 552.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.23 552.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.17 552.75 Td (Asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.94 540.15 Td (Industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.56 540.15 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.86 540.15 Td (Reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.97 540.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.59 540.15 Td (Revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.04 540.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.82 540.15 Td (Net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.61 540.15 Td (Income.�) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 514.95 Td (Risk Management) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 489.75 Td (W) Tj ET Q
q 0 0 0 rg BT 94.57 489.75 Td (e are committed to continually strengthening and refining our risk management approach and believe our risk ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (management ef) Tj ET Q
q 0 0 0 rg BT 113.74 477.15 Td (forts, along with the diversity of asset classes and products that we of) Tj ET Q
q 0 0 0 rg BT 404.87 477.15 Td (fer) Tj ET Q
q 0 0 0 rg BT 416.10 477.15 Td (, are key factors in our ability to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (manage through various market cycles. Our risk management approach reaches across Legg Mason and its af) Tj ET Q
q 0 0 0 rg BT 508.24 464.55 Td (filiates and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (encourages consistent and meaningful conversations about potential risk across the company) Tj ET Q
q 0 0 0 rg BT 438.39 451.95 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 426.75 Td (Regulation) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 401.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.16 401.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.90 401.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.88 401.55 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.64 401.55 Td (generally) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.02 401.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.98 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.47 401.55 Td (virtually ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.38 401.55 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.21 401.55 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.87 401.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.95 401.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.28 401.55 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.83 401.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.16 401.55 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.24 401.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.74 401.55 Td (extensive ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 525.73 401.55 Td (federal, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (state ) Tj ET Q
q 0 0 0 rg BT 71.16 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 88.75 388.95 Td (international ) Tj ET Q
q 0 0 0 rg BT 144.23 388.95 Td (laws ) Tj ET Q
q 0 0 0 rg BT 165.90 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 183.48 388.95 Td (regulations) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.14 388.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.56 388.95 Td (promulgated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.05 388.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.98 388.95 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.31 388.95 Td (governments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.59 388.95 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.67 388.95 Td (exchanges, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.44 388.95 Td (central ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.43 388.95 Td (banks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 388.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.52 376.35 Td (bodies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.44 376.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.31 376.35 Td (Some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.10 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.72 376.35 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.17 376.35 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.29 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.33 376.35 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.86 376.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.55 376.35 Td (summarized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.74 376.35 Td (below ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.27 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.31 376.35 Td (almost ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.18 376.35 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.55 376.35 Td (are) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 457.37 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 460.24 376.35 Td (intended ) Tj ET Q
q 0 0 0 rg BT 499.27 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 510.31 376.35 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 542.34 376.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (protect ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.95 363.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.32 363.75 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.77 363.75 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.48 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.93 363.75 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.14 363.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.60 363.75 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.29 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.75 363.75 Td (unregistered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.94 363.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.31 363.75 Td (companies) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 485.21 363.75 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.13 363.75 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.17 363.75 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.50 363.75 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.86 351.15 Td (activities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.71 351.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.56 351.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.58 351.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.43 351.15 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.12 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.23 351.15 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.74 351.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.18 351.15 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.19 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.29 351.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.90 351.15 Td (federal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.98 351.15 Td (agencies, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.70 351.15 Td (self-regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.06 338.55 Td (ganizations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.63 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.54 338.55 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.94 338.55 Td (commissions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.53 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.44 338.55 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.36 338.55 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.02 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.94 338.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.35 338.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.34 338.55 Td (conduct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.33 338.55 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.29 338.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.04 338.55 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.03 338.55 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.36 338.55 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 338.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (regulations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.20 325.95 Td (agencies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.77 325.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.93 325.95 Td (regulate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.17 325.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.66 325.95 Td (advisers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.12 325.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.62 325.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.37 325.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.95 325.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.94 325.95 Td (individuals ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.03 325.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.61 325.95 Td (entities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.36 325.95 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.60 325.95 Td (broad ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.00 313.35 Td (powers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.38 313.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.47 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.73 313.35 Td (power ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.40 313.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.99 313.35 Td (limit, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.88 313.35 Td (restrict ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.47 313.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.64 313.35 Td (prohibit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.32 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.58 313.35 Td (regulated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.07 313.35 Td (entity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.41 313.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.58 313.35 Td (person ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.01 313.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.85 313.35 Td (conducting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.83 300.75 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.99 300.75 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.57 300.75 Td (fails ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.40 300.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.31 300.75 Td (comply ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.55 300.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.96 300.75 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.95 300.75 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.95 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.85 300.75 Td (regulations. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.88 300.75 Td (Regulators ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.12 300.75 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.78 300.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.34 300.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.75 300.75 Td (variety ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.65 300.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.14 300.75 Td (informal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.04 300.75 Td (enforcement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.15 Td (mechanisms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.28 288.15 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.04 288.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.66 288.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.85 288.15 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.55 288.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.08 288.15 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.27 288.15 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.71 288.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.08 288.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.95 288.15 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.03 288.15 Td (Due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.39 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.43 288.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.13 288.15 Td (extensive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.65 288.15 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.77 288.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.80 288.15 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 288.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.37 275.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.82 275.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.84 275.55 Td (subject, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.41 275.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.86 275.55 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.49 275.55 Td (devote ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.68 275.55 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.80 275.55 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.30 275.55 Td (expense ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.32 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.69 275.55 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.65 275.55 Td (fort ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.02 275.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.39 275.55 Td (remaining ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.17 275.55 Td (vigilant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.46 275.55 Td (about, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.61 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.98 275.55 Td (addressing, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (legal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.25 262.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.75 262.95 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.24 262.95 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.97 262.95 Td (matters. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.84 262.95 Td (Moreover) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.83 262.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.79 262.95 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.28 262.95 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.44 262.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.95 262.95 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.45 262.95 Td (jurisdiction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.62 262.95 Td (often ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.53 262.95 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.50 262.95 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.58 262.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.91 262.95 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.26 250.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.45 250.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.05 250.35 Td (jurisdictions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.61 250.35 Td (Possible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.64 250.35 Td (sanctions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.74 250.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.00 250.35 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.35 250.35 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.77 250.35 Td (failures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.27 250.35 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.20 250.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.05 250.35 Td (suspension ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.16 250.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.93 250.35 Td (individual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (employees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.49 237.75 Td (limitations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.88 237.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.85 237.75 Td (engaging ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.80 237.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.43 237.75 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.46 237.75 Td (lines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.76 237.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.97 237.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.03 237.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.73 237.75 Td (specified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.10 237.75 Td (periods ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.48 237.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.69 237.75 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.44 237.75 Td (revocation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.22 237.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.44 237.75 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (adviser ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.43 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.20 225.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.39 225.15 Td (registrations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.53 225.15 Td (censures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.29 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.07 225.15 Td (fines. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.14 225.15 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.14 225.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.75 225.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.51 225.15 Td (proceeding, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.39 225.15 Td (regardless ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.57 225.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.93 225.15 Td (whether ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.36 225.15 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.80 225.15 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.83 225.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.61 225.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.88 225.15 Td (sanction, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.70 212.55 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.05 212.55 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.59 212.55 Td (expenditures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.87 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.65 212.55 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.85 212.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.30 212.55 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.83 212.55 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.52 212.55 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.49 212.55 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.85 212.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.97 212.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.60 212.55 Td (reputation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.79 212.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.16 212.55 Td (business.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 187.35 Td (Regulatory Reform) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 162.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 162.15 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.97 162.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.53 162.15 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.01 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.92 162.15 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.07 162.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.95 162.15 Td (reform ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.26 162.15 Td (initiatives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.41 162.15 Td (around ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.31 162.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.88 162.15 Td (world. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.13 162.15 Td (Any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.96 162.15 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.94 162.15 Td (initiative, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.63 162.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.12 162.15 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.02 162.15 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.25 162.15 Td (laws ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.80 149.55 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.01 149.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.31 149.55 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.69 149.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.41 149.55 Td (enforcement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.43 149.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.73 149.55 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.54 149.55 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.34 149.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.64 149.55 Td (regulations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.47 149.55 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.36 149.55 Td (materially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.48 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.19 149.55 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.98 149.55 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.11 149.55 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 149.55 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (leading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.36 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.48 136.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.03 136.95 Td (disruptions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.28 136.95 Td (requiring ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.72 136.95 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.01 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.14 136.95 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.82 136.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.34 136.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.88 136.95 Td (practices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.15 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.27 136.95 Td (exposing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.14 136.95 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.43 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.55 136.95 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.50 136.95 Td (costs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.71 124.35 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.15 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.35 124.35 Td (legal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.81 124.35 Td (costs\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.68 124.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.06 124.35 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.51 124.35 Td (governing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.13 124.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.01 124.35 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.63 124.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.42 124.35 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.20 124.35 Td (institutions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.92 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.13 124.35 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.42 124.35 Td (holding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.39 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.54 111.75 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.10 111.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.91 111.75 Td (very ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.55 111.75 Td (detailed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.77 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.92 111.75 Td (technical. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.77 111.75 Td (Accordingly) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.57 111.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.18 111.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.00 111.75 Td (discussion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.74 111.75 Td (below ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.38 111.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.37 111.75 Td (general ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.26 111.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.41 111.75 Td (nature, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.26 111.75 Td (does ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.54 99.15 Td (purport ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.08 99.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.87 99.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.41 99.15 Td (complete ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.52 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.30 99.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.93 99.15 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.29 99.15 Td (only ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.58 99.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.95 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.32 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.78 99.15 Td (date ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.89 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.26 99.15 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.06 99.15 Td (report.) Tj ET Q
endstream
endobj
29 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 30 0 R>>
endobj
30 0 obj
<</Length 79387>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (12) Tj ET Q
BT /F5 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 741.75 Td (Dodd-Frank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.62 741.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.40 741.75 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.11 741.75 Td (Str) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.97 741.75 Td (eet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.84 741.75 Td (Reform ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.37 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.75 741.75 Td (Consumer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.54 741.75 Td (Pr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.65 741.75 Td (otection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.91 741.75 Td (Act) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 716.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.91 716.55 Td (July ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.09 716.55 Td (2010, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.38 716.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.87 716.55 Td (Dodd-Frank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.75 716.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.82 716.55 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.98 716.55 Td (Street ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.14 716.55 Td (Reform ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.88 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.71 716.55 Td (Consumer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.54 716.55 Td (Protection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.00 716.55 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.83 716.55 Td (\(the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.82 716.55 Td (�Dodd-Frank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.11 716.55 Td (Act�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.10 716.55 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.09 716.55 Td (signed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.12 703.95 Td (law ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.57 703.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.03 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.15 703.95 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.02 703.95 Td (States. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.85 703.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.46 703.95 Td (Dodd-Frank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.57 703.95 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.02 703.95 Td (requires ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.13 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.25 703.95 Td (adoption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.28 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.32 703.95 Td (extensive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.26 703.95 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.21 703.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.65 703.95 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.35 703.95 Td (regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (decisions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.63 691.35 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.38 691.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.55 691.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.64 691.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.89 691.35 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.13 691.35 Td (adopted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.80 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.38 691.35 Td (others ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.47 691.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.64 691.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.73 691.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.49 691.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.83 691.35 Td (forthcoming.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 409.36 691.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.61 691.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.68 691.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.76 691.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.01 691.35 Td (implemented ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.25 691.35 Td (programs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 691.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (address ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.00 678.75 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.57 678.75 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.24 678.75 Td (adopted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.48 678.75 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.40 678.75 Td (Dodd-Frank, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.36 678.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.11 678.75 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.20 678.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.96 678.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.70 678.75 Td (reforms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.36 678.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.11 678.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.94 678.75 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.77 678.75 Td (introduced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.68 678.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.44 678.75 Td (part ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.77 678.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.45 666.15 Td (SEC�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.63 666.15 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.84 666.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.04 666.15 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.66 666.15 Td (modernization ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.43 666.15 Td (initiatives. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.60 666.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.03 666.15 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.83 666.15 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.52 666.15 Td (limited ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.39 666.15 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.84 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.71 666.15 Td (Dodd-Frank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.17 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.45 666.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.15 666.15 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.69 666.15 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (still ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.54 653.55 Td (being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.14 653.55 Td (adopted, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.29 653.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.73 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.84 653.55 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.69 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.72 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.82 653.55 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.51 653.55 Td (already ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.69 653.55 Td (adopted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.21 653.55 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.82 653.55 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.75 653.55 Td (evident ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.94 653.55 Td (over ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.88 653.55 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.44 653.55 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.56 653.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.84 653.55 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.54 653.55 Td (yet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.65 653.55 Td (possible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.35 653.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (predict ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.66 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.50 640.95 Td (ultimate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.91 640.95 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.88 640.95 Td (fects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.71 640.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.47 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.30 640.95 Td (Dodd-Frank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.97 640.95 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.14 640.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.90 640.95 Td (subsequent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.57 640.95 Td (implementing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.90 640.95 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.57 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.74 640.95 Td (decisions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.82 640.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.17 640.95 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 640.95 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (our) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 63.50 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 66.12 628.35 Td (business, ) Tj ET Q
q 0 0 0 rg BT 106.96 628.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 146.31 628.35 Td (condition, ) Tj ET Q
q 0 0 0 rg BT 191.23 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 209.01 628.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 251.29 628.35 Td (activities) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.20 628.35 Td (.) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 603.15 Td (Systemically Important Financial Institution \(�SIFI�\) Review) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 577.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.06 577.95 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.36 577.95 Td (Stability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.19 577.95 Td (Oversight ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.83 577.95 Td (Council ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.31 577.95 Td (\(�FSOC�\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.75 577.95 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.98 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.04 577.95 Td (authority ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.18 577.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.58 577.95 Td (designate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.47 577.95 Td (nonbank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.86 577.95 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.83 577.95 Td (institutions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.74 565.35 Td (SIFIs. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.63 565.35 Td (FSOC�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.81 565.35 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.39 565.35 Td (most ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.31 565.35 Td (recent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.45 565.35 Td (statements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.28 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.93 565.35 Td (actions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.17 565.35 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.73 565.35 Td (indicate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.47 565.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.71 565.35 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.04 565.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.54 565.35 Td (focused ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.69 565.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.69 565.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.35 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.01 565.35 Td (activities, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.03 565.35 Td (rather ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.23 552.75 Td (designation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.29 552.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.69 552.75 Td (entities, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.30 552.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.12 552.75 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.70 552.75 Td (review ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.92 552.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.32 552.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.38 552.75 Td (managers. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.70 552.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.49 552.75 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.53 552.75 Td (reasury ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.09 552.75 Td (report ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.81 552.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.97 552.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.03 552.75 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.95 552.75 Td (issued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.86 552.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.68 552.75 Td (October ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (2017, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.90 540.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.58 540.15 Td (expressed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.75 540.15 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.69 540.15 Td (view) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.42 540.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.82 540.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.33 540.15 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.14 540.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.08 540.15 Td (November ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.17 540.15 Td (2017, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.36 540.15 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.41 540.15 Td (reasury ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.08 540.15 Td (made ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.59 540.15 Td (recommendations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.00 540.15 Td (concerning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.42 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.02 540.15 Td (process ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.38 527.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.43 527.55 Td (FSOC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.08 527.55 Td (designates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.20 527.55 Td (nonbanks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.84 527.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.97 527.55 Td (SIFIs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.74 527.55 Td (further ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.69 527.55 Td (supporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.99 527.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.03 527.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.58 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.13 527.55 Td (activities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.42 527.55 Td (approach ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.28 527.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.83 527.55 Td (addressing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.12 527.55 Td (risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 527.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.12 514.95 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.61 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.98 514.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.36 514.95 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.97 514.95 Td (2019, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.81 514.95 Td (FSOC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.29 514.95 Td (issued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.75 514.95 Td (proposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.46 514.95 Td (interpretive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.06 514.95 Td (guidance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.18 514.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.13 514.95 Td (calls ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.59 514.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.04 514.95 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.17 514.95 Td (�activities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.94 514.95 Td (based� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (designation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.31 502.35 Td (approach. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.80 502.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.20 502.35 Td (Currently) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.76 502.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.78 502.35 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.16 502.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.38 502.35 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.27 502.35 Td (non-bank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.32 502.35 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.45 502.35 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.75 502.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.81 502.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.87 502.35 Td (SIFI ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.94 502.35 Td (designation. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.37 502.35 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.76 502.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.40 502.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.61 502.35 Td (designated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.87 489.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.16 489.75 Td (SIFI, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.08 489.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.95 489.75 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.90 489.75 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.18 489.75 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.54 489.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.34 489.75 Td (direct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.86 489.75 Td (supervision ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.90 489.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.03 489.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.48 489.75 Td (Federal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.59 489.75 Td (Reserve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.04 489.75 Td (System.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 464.55 Td (Both ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.36 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.63 464.55 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.14 464.55 Td (Stability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.17 464.55 Td (Board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.27 464.55 Td (\(�FSB�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.33 464.55 Td (working ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.77 464.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.88 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.14 464.55 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.23 464.55 Td (Or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.12 464.55 Td (ganization ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.29 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.48 464.55 Td (Securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.32 464.55 Td (Commissions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (\(�IOSCO�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.61 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.44 451.95 Td (FSOC, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.99 451.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.47 451.95 Td (considering ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.13 451.95 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.53 451.95 Td (systemic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.94 451.95 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.36 451.95 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.59 451.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.42 451.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.50 451.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.80 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.63 451.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.11 451.95 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.68 451.95 Td (focused ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 451.95 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.99 439.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.97 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.96 439.35 Td (activities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.69 439.35 Td (approach ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.00 439.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.99 439.35 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.06 439.35 Td (review ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.45 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.03 439.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.26 439.35 Td (managers. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.95 439.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.52 439.35 Td (January ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.00 439.35 Td (2017, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.45 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.11 439.35 Td (FSB ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.62 439.35 Td (announced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.92 439.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.67 439.35 Td (Policy ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (Recommendations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.07 426.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.13 426.75 Td (Address ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.97 426.75 Td (Structural ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.62 426.75 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.57 426.75 Td (ulnerabilities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.81 426.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.11 426.75 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.87 426.75 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.57 426.75 Td (Activities, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.45 426.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.53 426.75 Td (concentrates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.42 426.75 Td (primarily ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.02 414.15 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.21 414.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.39 414.15 Td (activities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.32 414.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.50 414.15 Td (includes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.52 414.15 Td (14 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.04 414.15 Td (recommendations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.71 414.15 Td (lar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.59 414.15 Td (gely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.69 414.15 Td (focused ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.37 414.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.89 414.15 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.50 414.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.69 414.15 Td (open-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.78 414.15 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.76 414.15 Td (leverage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 414.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.45 401.55 Td (operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.67 401.55 Td (risk, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.04 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.19 401.55 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.84 401.55 Td (lending, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.95 401.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.50 401.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.24 401.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.90 401.55 Td (IOSCO ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.39 401.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.39 401.55 Td (expected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.69 401.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.85 401.55 Td (engage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.57 401.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.07 401.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.22 401.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.04 401.55 Td (future. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.52 401.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.83 401.55 Td (FSB ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.95 388.95 Td (indicated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.88 388.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.07 388.95 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.36 388.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.89 388.95 Td (develop ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.57 388.95 Td (criteria ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.75 388.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.44 388.95 Td (designation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.30 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.50 388.95 Td (nonbank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.11 388.95 Td (non-insurers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.05 388.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.67 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.94 388.95 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.46 388.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.08 388.95 Td (address ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.02 388.95 Td (�residual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.37 388.95 Td (risks�. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 560.12 388.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 562.74 388.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (Any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.27 376.35 Td (measures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.02 376.35 Td (applied ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.61 376.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.47 376.35 Td (relation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.22 376.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.07 376.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.42 376.35 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.35 376.35 Td (systemically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.53 376.35 Td (important ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.04 376.35 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.46 376.35 Td (institution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.73 376.35 Td (\(�G-SIFI�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.48 376.35 Td (designation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.58 376.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.67 376.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (FSB ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 363.75 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.07 363.75 Td (need ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.20 363.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.69 363.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.91 363.75 Td (implemented ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.05 363.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.03 363.75 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.59 363.75 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.06 363.75 Td (processes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.61 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.09 363.75 Td (procedures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.47 363.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.28 363.75 Td (relevant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.41 363.75 Td (national ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.55 363.75 Td (authorities.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.50 338.55 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.55 338.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.84 338.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.64 338.55 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.85 338.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.48 338.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.94 338.55 Td (manager ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.14 338.55 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.60 338.55 Td (designated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.55 338.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.26 338.55 Td (SIFI ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.99 338.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.79 338.55 Td (G-SIFI, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.22 338.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.51 338.55 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.89 338.55 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.60 338.55 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.39 338.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.61 338.55 Td (enhanced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.30 338.55 Td (prudential, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (capital, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.84 325.95 Td (supervisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.57 325.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.46 325.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.77 325.95 Td (requirements, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.94 325.95 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.92 325.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.40 325.95 Td (risk-based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.29 325.95 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.01 325.95 Td (requirements, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.18 325.95 Td (leverage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.47 325.95 Td (limits, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.75 325.95 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.07 325.95 Td (requirements, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (resolution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.17 313.35 Td (plan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.93 313.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.76 313.35 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.34 313.35 Td (exposure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.92 313.35 Td (report ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.67 313.35 Td (requirements, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.79 313.35 Td (concentration ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.60 313.35 Td (limits, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.83 313.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.17 313.35 Td (contingent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.17 313.35 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.83 313.35 Td (requirement, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.86 313.35 Td (enhanced ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.75 Td (public ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.56 300.75 Td (disclosures, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.66 300.75 Td (short-term ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.22 300.75 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.11 300.75 Td (limits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.85 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.82 300.75 Td (overall ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.79 300.75 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.36 300.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.82 300.75 Td (requirements. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.07 300.75 Td (Requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.21 300.75 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.27 300.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.83 300.75 Td (these, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.85 300.75 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.15 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.45 288.15 Td (designed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.33 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.05 288.15 Td (regulate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.41 288.15 Td (banking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.79 288.15 Td (institutions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.64 288.15 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.44 288.15 Td (likely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.91 288.15 Td (need ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.28 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.00 288.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.46 288.15 Td (modified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.92 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.64 288.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.10 288.15 Td (applicable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.80 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.51 288.15 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.98 288.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.94 288.15 Td (manager) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.50 288.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 288.15 Td (No ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (proposals ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.37 275.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.82 275.55 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.27 275.55 Td (made ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.63 275.55 Td (indicating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.25 275.55 Td (how ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.95 275.55 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.83 275.55 Td (measures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.52 275.55 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.39 275.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.93 275.55 Td (adapted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.20 275.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.07 275.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.11 275.55 Td (managers.) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.50 250.35 Td (Securities and Exchange Commission Review of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.03 250.35 Td (Asset Managers and Mutual Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.50 225.15 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.60 225.15 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.96 225.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.82 225.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.51 225.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.19 225.15 Td (impacted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.45 225.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.72 225.15 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.49 225.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.41 225.15 Td (initiatives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.60 225.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.87 225.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.47 225.15 Td (SEC. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.13 225.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.65 225.15 Td (October ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.24 225.15 Td (2016, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.64 225.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.24 225.15 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.27 225.15 Td (adopted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.27 212.55 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.95 212.55 Td (\(as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.46 212.55 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.81 212.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.83 212.55 Td (amendments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.17 212.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.61 212.55 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.13 212.55 Td (rules\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.31 212.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.75 212.55 Td (modernize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.34 212.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.44 212.55 Td (reporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.20 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.63 212.55 Td (disclosure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.48 212.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.49 212.55 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.34 212.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.11 212.55 Td (registered ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.97 199.95 Td (companies) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 142.88 199.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 147.90 199.95 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.95 199.95 Td (\(i\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.26 199.95 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.15 199.95 Td (monthly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.54 199.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.10 199.95 Td (annual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.48 199.95 Td (reporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.36 199.95 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.57 199.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.21 199.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.17 199.95 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.24 199.95 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.03 199.95 Td (funds; ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.67 199.95 Td (\(ii\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.35 Td (enhanced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.76 187.35 Td (reporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.87 187.35 Td (regimes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.72 187.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.58 187.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.28 187.35 Td (advisers; ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 272.22 187.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 296.41 187.35 Td (rules, ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.07 187.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.68 187.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.12 187.35 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.38 187.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.83 187.35 Td (Funds�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.22 187.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.84 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.62 187.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.23 187.35 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.52 187.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.55 187.35 Td (managers�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.50 187.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.75 Td (public ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.74 174.75 Td (reporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.23 174.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.38 174.75 Td (disclosure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.95 174.75 Td (requirements. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.73 174.75 Td (Any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.81 174.75 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.79 174.75 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.04 174.75 Td (oversight ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.12 174.75 Td (relating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.19 174.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.35 174.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.17 174.75 Td (above, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.86 174.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.61 174.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.43 174.75 Td (introduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 174.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 162.15 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.41 162.15 Td (reporting, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.15 162.15 Td (disclosure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.35 162.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.73 162.15 Td (control ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.10 162.15 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.54 162.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.49 162.15 Td (expose ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.28 162.15 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.24 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.04 162.15 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.66 162.15 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.68 162.15 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.31 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.10 162.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.80 162.15 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.16 162.15 Td (us ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.29 149.55 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.65 149.55 Td (how ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.36 149.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.23 149.55 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.75 149.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.37 149.55 Td (business.) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.50 124.35 Td (Regulation of Exchange-T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.15 124.35 Td (raded Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.50 99.15 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.97 99.15 Td (part ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.10 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.65 99.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.11 99.15 Td (focus ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.65 99.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.96 99.15 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.49 99.15 Td (stability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.12 99.15 Td (issues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.01 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.98 99.15 Td (due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.94 99.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.91 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.54 99.15 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.66 99.15 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.21 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.76 99.15 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.73 99.15 Td (product ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.61 99.15 Td (class ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.82 99.15 Td (over ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.28 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.91 99.15 Td (last ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.55 Td (few ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.97 86.55 Td (years, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.47 86.55 Td (regulators ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.18 86.55 Td (globally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.32 86.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.86 86.55 Td (examining ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.91 86.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.46 86.55 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.93 86.55 Td (risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.49 86.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.38 86.55 Td (ETFs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.49 86.55 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.88 86.55 Td (risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.44 86.55 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.73 86.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.62 86.55 Td (transparency) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.58 86.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.93 86.55 Td (liquidity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.56 73.95 Td (structural ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.12 73.95 Td (resiliency) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.26 73.95 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.58 73.95 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.96 73.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.44 73.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.25 73.95 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.66 73.95 Td (assurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.38 73.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.03 73.95 Td (structural ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.58 73.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.23 73.95 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.29 73.95 Td (reforms, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.47 73.95 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.04 73.95 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.68 73.95 Td (rulemaking ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.82 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.47 61.35 Td (SEC, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.17 61.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.32 61.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.05 61.35 Td (implemented ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.69 61.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.68 61.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.15 61.35 Td (manner ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.46 61.35 Td (favorable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.92 61.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.91 61.35 Td (us, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.69 61.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.25 61.35 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.65 61.35 Td (all. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.59 61.35 Td (Depending ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.48 61.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.80 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.45 61.35 Td (outcome ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.42 61.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.99 61.35 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.98 61.35 Td (renewed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.36 61.35 Td (regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (analysis, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.00 48.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.80 48.75 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.00 48.75 Td (associated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.20 48.75 Td (structural ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.90 48.75 Td (reforms, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.23 48.75 Td (ETF ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.95 48.75 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.16 48.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.28 48.75 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.98 48.75 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.77 48.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.99 48.75 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.68 48.75 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.87 48.75 Td (scrutiny ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 48.75 Td (or ) Tj ET Q
endstream
endobj
31 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 32 0 R>>
endobj
32 0 obj
<</Length 60954>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (13) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (restrictions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.84 741.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.56 741.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.70 741.75 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.49 741.75 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.88 741.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.11 741.75 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.74 741.75 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.79 741.75 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.25 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.46 741.75 Td (reporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.01 741.75 Td (expenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.98 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.19 741.75 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.49 741.75 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.45 741.75 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.25 741.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.30 741.75 Td (business.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 557.52 741.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.50 729.15 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 99.79 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 110.22 729.15 Td (September ) Tj ET Q
q 0 0 0 rg BT 157.37 729.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 183.25 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 198.33 729.15 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 219.85 729.15 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 255.34 729.15 Td (Rule ) Tj ET Q
q 0 0 0 rg BT 277.43 729.15 Td (6c-1) Tj ET Q
q 0 0 0 rg BT 295.69 729.15 Td (1 ) Tj ET Q
q 0 0 0 rg BT 303.20 729.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 329.36 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 344.44 729.15 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 393.35 729.15 Td (Company ) Tj ET Q
q 0 0 0 rg BT 435.94 729.15 Td (Act ) Tj ET Q
q 0 0 0 rg BT 453.36 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 464.36 729.15 Td (1940 ) Tj ET Q
q 0 0 0 rg BT 487.61 729.15 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 506.19 729.15 Td (�Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (Company ) Tj ET Q
q 0 0 0 rg BT 92.68 716.55 Td (Act�\) ) Tj ET Q
q 0 0 0 rg BT 119.01 716.55 Td (known ) Tj ET Q
q 0 0 0 rg BT 150.60 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 162.36 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.20 716.55 Td (�ETF ) Tj ET Q
q 0 0 0 rg BT 204.54 716.55 Td (Rule�. ) Tj ET Q
q 0 0 0 rg BT 234.45 716.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 253.78 716.55 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 275.46 716.55 Td (Rule ) Tj ET Q
q 0 0 0 rg BT 298.30 716.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 308.32 716.55 Td (intended ) Tj ET Q
q 0 0 0 rg BT 347.49 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 358.66 716.55 Td (establish ) Tj ET Q
q 0 0 0 rg BT 398.42 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 406.09 716.55 Td (clear ) Tj ET Q
q 0 0 0 rg BT 429.50 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 447.67 716.55 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 492.68 716.55 Td (framework ) Tj ET Q
q 0 0 0 rg BT 541.75 716.55 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (allows ) Tj ET Q
q 0 0 0 rg BT 80.94 703.95 Td (many ) Tj ET Q
q 0 0 0 rg BT 108.30 703.95 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 135.09 703.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 178.77 703.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 206.70 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.56 703.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 274.25 703.95 Td (Company ) Tj ET Q
q 0 0 0 rg BT 318.22 703.95 Td (Act ) Tj ET Q
q 0 0 0 rg BT 337.41 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 349.61 703.95 Td (come ) Tj ET Q
q 0 0 0 rg BT 376.38 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 388.57 703.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 421.75 703.95 Td (without ) Tj ET Q
q 0 0 0 rg BT 457.87 703.95 Td (applying ) Tj ET Q
q 0 0 0 rg BT 498.64 703.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 514.92 703.95 Td (individual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (exemptive ) Tj ET Q
q 0 0 0 rg BT 95.86 691.35 Td (orders.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.72 691.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.35 691.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 129.97 691.35 Td ( ) Tj ET Q
BT /F5 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.50 666.15 Td (Regulation of Swaps and Derivatives) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.50 640.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.34 640.95 Td (SEC, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.73 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.08 640.95 Td (Internal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.24 640.95 Td (Revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.49 640.95 Td (Service ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.49 640.95 Td (\(�IRS�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.66 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.33 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.67 640.95 Td (Commodity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.36 640.95 Td (Futures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.19 640.95 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.24 640.95 Td (rading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.58 640.95 Td (Commission ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.19 640.95 Td (\(�CFTC�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.27 640.95 Td (each ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.83 628.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.18 628.35 Td (review ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.93 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.94 628.35 Td (use ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.11 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.04 628.35 Td (futures, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.00 628.35 Td (swaps ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.84 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.18 628.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.94 628.35 Td (derivatives. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.81 628.35 Td (Such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.99 628.35 Td (reviews ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.82 628.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.33 628.35 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.83 628.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.18 628.35 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.02 628.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.94 628.35 Td (further ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (limit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.58 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.66 615.75 Td (use ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.90 615.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.90 615.75 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.39 615.75 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.80 615.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.55 615.75 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.96 615.75 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.16 615.75 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.40 615.75 Td (adopted, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.51 615.75 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.34 615.75 Td (limitations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.50 615.75 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.08 615.75 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.06 615.75 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.64 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.05 615.75 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.03 615.75 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.84 615.75 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.25 615.75 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.00 603.15 Td (practices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.22 603.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.88 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.96 603.15 Td (register ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.36 603.15 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.26 603.15 Td (entities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.50 603.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.09 603.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.83 603.15 Td (CFTC, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.62 603.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.20 603.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.44 603.15 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.68 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.76 603.15 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.66 603.15 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.58 603.15 Td (and/ ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.57 603.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.23 603.15 Td (restrictions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 560.13 603.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.52 590.55 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.94 590.55 Td (2015, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.84 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.94 590.55 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.47 590.55 Td (proposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.24 590.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.18 590.55 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.94 590.55 Td (rule ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.54 590.55 Td (governing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.39 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.50 590.55 Td (use ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.77 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.79 590.55 Td (derivatives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.13 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.57 590.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.42 590.55 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.42 590.55 Td (commitment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.93 577.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.71 577.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.06 577.95 Td (companies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.87 577.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.90 577.95 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.31 577.95 Td (2019, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.22 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.32 577.95 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.86 577.95 Td (re-proposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.28 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.39 577.95 Td (rule, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.62 577.95 Td (making ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.39 577.95 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.99 577.95 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.09 577.95 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.46 565.35 Td (original ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.25 565.35 Td (proposal. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.17 565.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.07 565.35 Td (This ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.87 565.35 Td (proposal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.17 565.35 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.29 565.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.25 565.35 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.13 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.42 565.35 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.29 565.35 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.76 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.05 565.35 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.92 565.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.80 565.35 Td (restrict ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.08 565.35 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.77 565.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.98 565.35 Td (strategies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.77 565.35 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (practices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.44 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.22 552.75 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.42 552.75 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.04 552.75 Td (costs. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.29 552.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.72 552.75 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.83 552.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.46 552.75 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.58 552.75 Td (indication ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.20 552.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.57 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.37 552.75 Td (when ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.73 552.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.11 552.75 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.14 552.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.60 552.75 Td (final ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.46 552.75 Td (Rule ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.92 552.75 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.88 552.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.42 552.75 Td (adopted.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.50 527.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.57 527.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.47 527.55 Td (report ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.77 527.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.57 527.55 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.38 527.55 Td (about ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.95 527.55 Td (several ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.92 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.90 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.13 527.55 Td (private ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.52 527.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.09 527.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.50 527.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.56 527.55 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.05 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.45 527.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.52 527.55 Td (CFTC, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.64 527.55 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.78 527.55 Td (systemic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.76 527.55 Td (risk ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (reporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.51 514.95 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.85 514.95 Td (adopted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.62 514.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.64 514.95 Td (both ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.83 514.95 Td (agencies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.95 514.95 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.54 514.95 Td (reporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.56 514.95 Td (obligations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.75 514.95 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.10 514.95 Td (required, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.23 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.91 514.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.77 514.95 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.46 514.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.15 514.95 Td (require, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.80 502.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.10 502.35 Td (people ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.22 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.52 502.35 Td (systems ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.91 502.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.21 502.35 Td (assure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.58 502.35 Td (timely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.55 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.84 502.35 Td (accurate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.95 502.35 Td (reporting. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.04 502.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.50 502.35 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.04 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.34 502.35 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.13 502.35 Td (applicable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.41 502.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.71 502.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.27 502.35 Td (fshore ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.16 489.75 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.59 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.45 489.75 Td (counterparties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.62 489.75 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.66 489.75 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.09 489.75 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.12 489.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.99 489.75 Td (build ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.27 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.13 489.75 Td (implement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.74 489.75 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.93 489.75 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.02 489.75 Td (monitoring ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.39 489.75 Td (procedures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.15 489.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.01 489.75 Td (address ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.89 477.15 Td (enhanced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.09 477.15 Td (level ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.06 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.37 477.15 Td (oversight ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.01 477.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.74 477.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.96 477.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.76 477.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.66 477.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.13 477.15 Td (subject. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.95 477.15 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.58 477.15 Td (rule ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.47 477.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.84 477.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.32 477.15 Td (introduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.53 477.15 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.59 477.15 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.96 477.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.77 477.15 Td (centrally ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (clearing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.72 464.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.68 464.55 Td (swap, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.29 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.85 464.55 Td (eventually ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.99 464.55 Td (security-based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.04 464.55 Td (swap, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.65 464.55 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.20 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.77 464.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.41 464.55 Td (executing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.63 464.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.60 464.55 Td (swap, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.21 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.77 464.55 Td (eventually ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (security-based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.52 451.95 Td (swap, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.09 451.95 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.62 451.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.49 451.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.61 451.95 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.65 451.95 Td (CFTC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.28 451.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.40 451.95 Td (SEC-registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.92 451.95 Td (trading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.04 451.95 Td (venues. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.19 451.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.57 451.95 Td (Jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.03 451.95 Td (outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.73 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.93 451.95 Td (United ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (States ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.91 439.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.40 439.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.38 439.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.95 439.35 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.17 439.35 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.41 439.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.56 439.35 Td (adopted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.12 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.60 439.35 Td (implemented, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.37 439.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.44 439.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.59 439.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.08 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.23 439.35 Td (process ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.04 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.12 439.35 Td (considering, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.05 439.35 Td (adopting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.12 439.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.19 439.35 Td (implementing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.75 426.75 Td (pervasive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.67 426.75 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.92 426.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.34 426.75 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.35 426.75 Td (elements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.35 426.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.77 426.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.28 426.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.69 426.75 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.19 426.75 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.93 426.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.23 426.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.57 426.75 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.58 426.75 Td (further ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.82 426.75 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.08 426.75 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.09 426.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.93 426.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.44 426.75 Td (broader ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.15 Td (markets. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.97 414.15 Td (This ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.46 414.15 Td (includes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.26 414.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.90 414.15 Td (implementation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.62 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.18 414.15 Td (mandated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.81 414.15 Td (central ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.19 414.15 Td (clearing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.82 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.38 414.15 Td (swaps ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.86 414.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.84 414.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.48 414.15 Td (European ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.52 414.15 Td (Union ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.59 414.15 Td (\(�EU�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.71 414.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.69 414.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (implementation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.32 401.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.99 401.55 Td (trade ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.89 401.55 Td (reporting, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.93 401.55 Td (documentation, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.87 401.55 Td (central ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.35 401.55 Td (clearing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.09 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.17 401.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.66 401.55 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.39 401.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.48 401.55 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.31 401.55 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.15 401.55 Td (globally) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.88 401.55 Td (. ) Tj ET Q
BT /F5 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 376.35 Td (SEC�) Tj ET Q
q 0 0 0 rg BT 106.31 376.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 113.02 376.35 Td (Pr) Tj ET Q
q 0 0 0 rg BT 123.13 376.35 Td (oposals ) Tj ET Q
q 0 0 0 rg BT 157.85 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 168.64 376.35 Td (Enhance ) Tj ET Q
q 0 0 0 rg BT 208.00 376.35 Td (Pr) Tj ET Q
q 0 0 0 rg BT 218.11 376.35 Td (otections ) Tj ET Q
q 0 0 0 rg BT 258.65 376.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 273.53 376.35 Td (Retail ) Tj ET Q
q 0 0 0 rg BT 301.23 376.35 Td (Investors) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 351.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 96.49 351.15 Td (June ) Tj ET Q
q 0 0 0 rg BT 117.98 351.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 143.85 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.92 351.15 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 180.42 351.15 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 215.91 351.15 Td (rules ) Tj ET Q
q 0 0 0 rg BT 238.56 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 255.97 351.15 Td (interpretations ) Tj ET Q
q 0 0 0 rg BT 318.86 351.15 Td (designed ) Tj ET Q
q 0 0 0 rg BT 358.43 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 368.84 351.15 Td (enhance ) Tj ET Q
q 0 0 0 rg BT 405.48 351.15 Td (protections ) Tj ET Q
q 0 0 0 rg BT 454.38 351.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 468.87 351.15 Td (retail ) Tj ET Q
q 0 0 0 rg BT 492.68 351.15 Td (investors ) Tj ET Q
q 0 0 0 rg BT 532.84 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 543.25 351.15 Td (their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 105.40 338.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 126.32 338.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 165.29 338.55 Td (professionals, ) Tj ET Q
q 0 0 0 rg BT 225.57 338.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 267.48 338.55 Td (broker) Tj ET Q
q 0 0 0 rg BT 294.67 338.55 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 330.14 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 347.55 338.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 395.87 338.55 Td (advisers, ) Tj ET Q
q 0 0 0 rg BT 435.15 338.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 456.06 338.55 Td (respect ) Tj ET Q
q 0 0 0 rg BT 488.04 338.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 498.45 338.55 Td (both ) Tj ET Q
q 0 0 0 rg BT 519.36 338.55 Td (retirement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.23 325.95 Td (non-retirement ) Tj ET Q
q 0 0 0 rg BT 134.20 325.95 Td (accounts. ) Tj ET Q
q 0 0 0 rg BT 177.13 325.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 180.70 325.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 184.27 325.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 187.85 325.95 Td (Regulation ) Tj ET Q
q 0 0 0 rg BT 237.50 325.95 Td (Best ) Tj ET Q
q 0 0 0 rg BT 259.74 325.95 Td (Interest, ) Tj ET Q
q 0 0 0 rg BT 297.42 325.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 326.65 325.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 346.56 325.95 Td (take ) Tj ET Q
q 0 0 0 rg BT 367.62 325.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 375.59 325.95 Td (fect ) Tj ET Q
q 0 0 0 rg BT 394.90 325.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 408.97 325.95 Td (June ) Tj ET Q
q 0 0 0 rg BT 431.79 325.95 Td (30, ) Tj ET Q
q 0 0 0 rg BT 448.49 325.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 473.06 325.95 Td (following ) Tj ET Q
q 0 0 0 rg BT 517.46 325.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 525.70 325.95 Td (one ) Tj ET Q
q 0 0 0 rg BT 544.43 325.95 Td (year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (implementation ) Tj ET Q
q 0 0 0 rg BT 119.62 313.35 Td (period, ) Tj ET Q
q 0 0 0 rg BT 153.28 313.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 173.82 313.35 Td (impose ) Tj ET Q
q 0 0 0 rg BT 208.37 313.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 217.24 313.35 Td (�best ) Tj ET Q
q 0 0 0 rg BT 243.02 313.35 Td (interest� ) Tj ET Q
q 0 0 0 rg BT 282.80 313.35 Td (standard ) Tj ET Q
q 0 0 0 rg BT 322.58 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 335.54 313.35 Td (conduct ) Tj ET Q
q 0 0 0 rg BT 372.99 313.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 389.45 313.35 Td (broker) Tj ET Q
q 0 0 0 rg BT 416.64 313.35 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 454.08 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 473.45 313.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 496.90 313.35 Td (representatives. ) Tj ET Q
q 0 0 0 rg BT 565.13 313.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (Regulation ) Tj ET Q
q 0 0 0 rg BT 97.76 300.75 Td (Best ) Tj ET Q
q 0 0 0 rg BT 118.61 300.75 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 152.28 300.75 Td (enhance ) Tj ET Q
q 0 0 0 rg BT 188.85 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.86 300.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 235.77 300.75 Td (�suitability� ) Tj ET Q
q 0 0 0 rg BT 289.28 300.75 Td (standard ) Tj ET Q
q 0 0 0 rg BT 327.03 300.75 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 372.36 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 382.71 300.75 Td (broker) Tj ET Q
q 0 0 0 rg BT 409.90 300.75 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 445.31 300.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 457.99 300.75 Td (imposing ) Tj ET Q
q 0 0 0 rg BT 499.26 300.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 511.36 300.75 Td (explicit ) Tj ET Q
q 0 0 0 rg BT 545.03 300.75 Td (care ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 95.12 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 113.33 288.15 Td (additional ) Tj ET Q
q 0 0 0 rg BT 158.36 288.15 Td (disclosure ) Tj ET Q
q 0 0 0 rg BT 203.98 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 222.18 288.15 Td (conflict ) Tj ET Q
q 0 0 0 rg BT 257.30 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.09 288.15 Td (interest ) Tj ET Q
q 0 0 0 rg BT 303.04 288.15 Td (mitigation ) Tj ET Q
q 0 0 0 rg BT 349.24 288.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 361.03 288.15 Td (elimination ) Tj ET Q
q 0 0 0 rg BT 411.90 288.15 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 469.76 288.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 483.30 288.15 Td (broker) Tj ET Q
q 0 0 0 rg BT 510.50 288.15 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 546.77 288.15 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (make ) Tj ET Q
q 0 0 0 rg BT 74.04 275.55 Td (securities ) Tj ET Q
q 0 0 0 rg BT 115.50 275.55 Td (recommendations ) Tj ET Q
q 0 0 0 rg BT 191.96 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 201.93 275.55 Td (retail ) Tj ET Q
q 0 0 0 rg BT 225.31 275.55 Td (investors. ) Tj ET Q
q 0 0 0 rg BT 267.65 275.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 269.46 275.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 280.01 275.55 Td (addition ) Tj ET Q
q 0 0 0 rg BT 316.23 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 326.20 275.55 Td (Regulation ) Tj ET Q
q 0 0 0 rg BT 374.09 275.55 Td (Best ) Tj ET Q
q 0 0 0 rg BT 394.56 275.55 Td (Interest, ) Tj ET Q
q 0 0 0 rg BT 430.48 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 445.11 275.55 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 466.18 275.55 Td (issued ) Tj ET Q
q 0 0 0 rg BT 494.23 275.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 505.95 275.55 Td (interpretation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (\(�the ) Tj ET Q
q 0 0 0 rg BT 73.02 262.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 121.66 262.95 Td (Adviser ) Tj ET Q
q 0 0 0 rg BT 157.44 262.95 Td (Interpretation�\) ) Tj ET Q
q 0 0 0 rg BT 225.28 262.95 Td (setting ) Tj ET Q
q 0 0 0 rg BT 255.81 262.95 Td (forth ) Tj ET Q
q 0 0 0 rg BT 278.76 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 294.13 262.95 Td (SEC�) Tj ET Q
q 0 0 0 rg BT 316.30 262.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 322.93 262.95 Td (view ) Tj ET Q
q 0 0 0 rg BT 345.88 262.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 357.16 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 367.87 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.24 262.95 Td (nature ) Tj ET Q
q 0 0 0 rg BT 412.01 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 423.29 262.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 435.74 262.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 484.36 262.95 Td (adviser) Tj ET Q
q 0 0 0 rg BT 515.07 262.95 Td (�) Tj ET Q
q 0 0 0 rg BT 517.99 262.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 524.61 262.95 Td (fiduciary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 98.55 250.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 124.83 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 140.04 250.35 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 188.56 250.35 Td (Advisers ) Tj ET Q
q 0 0 0 rg BT 227.74 250.35 Td (Act ) Tj ET Q
q 0 0 0 rg BT 245.28 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 256.41 250.35 Td (1940. ) Tj ET Q
q 0 0 0 rg BT 282.41 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 284.79 250.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 295.92 250.35 Td (addition ) Tj ET Q
q 0 0 0 rg BT 332.72 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 343.26 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 358.47 250.35 Td (SEC�) Tj ET Q
q 0 0 0 rg BT 380.65 250.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 387.11 250.35 Td (activity) Tj ET Q
q 0 0 0 rg BT 417.92 250.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 422.93 250.35 Td (several ) Tj ET Q
q 0 0 0 rg BT 455.04 250.35 Td (states ) Tj ET Q
q 0 0 0 rg BT 480.75 250.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 502.95 250.35 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 538.57 250.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 549.70 250.35 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (considering ) Tj ET Q
q 0 0 0 rg BT 100.27 237.75 Td (rules ) Tj ET Q
q 0 0 0 rg BT 122.45 237.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 139.98 237.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 168.00 237.75 Td (establish ) Tj ET Q
q 0 0 0 rg BT 206.52 237.75 Td (heightened ) Tj ET Q
q 0 0 0 rg BT 254.37 237.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 264.89 237.75 Td (more ) Tj ET Q
q 0 0 0 rg BT 288.24 237.75 Td (explicit ) Tj ET Q
q 0 0 0 rg BT 321.51 237.75 Td (standards ) Tj ET Q
q 0 0 0 rg BT 362.94 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 373.47 237.75 Td (conduct ) Tj ET Q
q 0 0 0 rg BT 408.48 237.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 422.50 237.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 461.01 237.75 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 522.85 237.75 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.47 225.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 82.52 225.15 Td (states. ) Tj ET Q
q 0 0 0 rg BT 111.28 225.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 114.08 225.15 Td (It ) Tj ET Q
q 0 0 0 rg BT 123.30 225.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 133.11 225.15 Td (unclear ) Tj ET Q
q 0 0 0 rg BT 166.81 225.15 Td (how ) Tj ET Q
q 0 0 0 rg BT 187.69 225.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 212.07 225.15 Td (state ) Tj ET Q
q 0 0 0 rg BT 234.12 225.15 Td (initiatives ) Tj ET Q
q 0 0 0 rg BT 278.33 225.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 297.47 225.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 310.18 225.15 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 351.47 225.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 364.77 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.41 225.15 Td (implementation ) Tj ET Q
q 0 0 0 rg BT 449.11 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 460.66 225.15 Td (Regulation ) Tj ET Q
q 0 0 0 rg BT 509.54 225.15 Td (Best ) Tj ET Q
q 0 0 0 rg BT 531.02 225.15 Td (Interest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.16 212.55 Td (possible ) Tj ET Q
q 0 0 0 rg BT 102.08 212.55 Td (pre-emption ) Tj ET Q
q 0 0 0 rg BT 154.89 212.55 Td (challenges. ) Tj ET Q
q 0 0 0 rg BT 203.33 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 204.72 212.55 Td (W) Tj ET Q
q 0 0 0 rg BT 213.79 212.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 219.95 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 236.61 212.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 252.11 212.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 274.02 212.55 Td (managers ) Tj ET Q
q 0 0 0 rg BT 315.75 212.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 335.33 212.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 346.74 212.55 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 388.47 212.55 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 428.46 212.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 440.46 212.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 461.20 212.55 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 481.96 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 498.62 212.55 Td (state ) Tj ET Q
q 0 0 0 rg BT 519.36 212.55 Td (regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (initiatives ) Tj ET Q
q 0 0 0 rg BT 94.35 199.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 105.95 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.21 199.95 Td (retail ) Tj ET Q
q 0 0 0 rg BT 147.21 199.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 196.72 199.95 Td (space ) Tj ET Q
q 0 0 0 rg BT 223.47 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 235.07 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 251.33 199.95 Td (extent ) Tj ET Q
q 0 0 0 rg BT 280.42 199.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 299.60 199.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 321.11 199.95 Td (lead ) Tj ET Q
q 0 0 0 rg BT 342.03 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 353.63 199.95 Td (changes ) Tj ET Q
q 0 0 0 rg BT 390.88 199.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 402.48 199.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 451.99 199.95 Td (preferences ) Tj ET Q
q 0 0 0 rg BT 503.80 199.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 517.74 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.00 199.95 Td (part ) Tj ET Q
q 0 0 0 rg BT 553.75 199.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.86 187.35 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 151.54 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 169.33 187.35 Td (investors ) Tj ET Q
q 0 0 0 rg BT 209.87 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 227.65 187.35 Td (increased ) Tj ET Q
q 0 0 0 rg BT 269.92 187.35 Td (pressure ) Tj ET Q
q 0 0 0 rg BT 307.53 187.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 320.66 187.35 Td (product ) Tj ET Q
q 0 0 0 rg BT 355.36 187.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 374.89 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 392.67 187.35 Td (expenses.) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 85.50 162.15 Td (Revised ) Tj ET Q
q 0 0 0 rg BT 120.77 162.15 Td (EU ) Tj ET Q
q 0 0 0 rg BT 137.40 162.15 Td (Capital ) Tj ET Q
q 0 0 0 rg BT 171.53 162.15 Td (Requir) Tj ET Q
q 0 0 0 rg BT 199.72 162.15 Td (ements) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 136.95 Td (EU ) Tj ET Q
q 0 0 0 rg BT 100.91 136.95 Td (regulators ) Tj ET Q
q 0 0 0 rg BT 144.31 136.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 158.55 136.95 Td (considering ) Tj ET Q
q 0 0 0 rg BT 208.95 136.95 Td (how ) Tj ET Q
q 0 0 0 rg BT 228.45 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 238.03 136.95 Td (design ) Tj ET Q
q 0 0 0 rg BT 266.86 136.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 278.19 136.95 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 327.41 136.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 356.81 136.95 Td (regime ) Tj ET Q
q 0 0 0 rg BT 387.38 136.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 401.04 136.95 Td (non-systemically ) Tj ET Q
q 0 0 0 rg BT 474.19 136.95 Td (important ) Tj ET Q
q 0 0 0 rg BT 516.43 136.95 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (firms ) Tj ET Q
q 0 0 0 rg BT 74.52 124.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 86.13 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 101.81 124.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 134.41 124.35 Td (regime ) Tj ET Q
q 0 0 0 rg BT 166.42 124.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 176.28 124.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 203.04 124.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 226.90 124.35 Td (banking ) Tj ET Q
q 0 0 0 rg BT 263.59 124.35 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 321.26 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 339.28 124.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 356.14 124.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 372.41 124.35 Td (been ) Tj ET Q
q 0 0 0 rg BT 395.09 124.35 Td (materially ) Tj ET Q
q 0 0 0 rg BT 440.52 124.35 Td (modified ) Tj ET Q
q 0 0 0 rg BT 481.28 124.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 496.39 124.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 519.66 124.35 Td (managers. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.13 111.75 Td (December ) Tj ET Q
q 0 0 0 rg BT 107.15 111.75 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 133.66 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.37 111.75 Td (European ) Tj ET Q
q 0 0 0 rg BT 192.49 111.75 Td (Commission ) Tj ET Q
q 0 0 0 rg BT 248.47 111.75 Td (published ) Tj ET Q
q 0 0 0 rg BT 292.19 111.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 299.73 111.75 Td (legislative ) Tj ET Q
q 0 0 0 rg BT 345.77 111.75 Td (proposal ) Tj ET Q
q 0 0 0 rg BT 384.81 111.75 Td (addressed ) Tj ET Q
q 0 0 0 rg BT 429.10 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 440.15 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 455.86 111.75 Td (European ) Tj ET Q
q 0 0 0 rg BT 498.98 111.75 Td (Parliament ) Tj ET Q
q 0 0 0 rg BT 547.35 111.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (Council ) Tj ET Q
q 0 0 0 rg BT 85.37 99.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 100.24 99.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 107.53 99.15 Td (new ) Tj ET Q
q 0 0 0 rg BT 127.65 99.15 Td (Directive ) Tj ET Q
q 0 0 0 rg BT 169.34 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 187.12 99.15 Td (new ) Tj ET Q
q 0 0 0 rg BT 207.24 99.15 Td (Regulation ) Tj ET Q
q 0 0 0 rg BT 255.94 99.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 269.07 99.15 Td (prudential ) Tj ET Q
q 0 0 0 rg BT 314.26 99.15 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 371.70 99.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 386.57 99.15 Td (MiFID ) Tj ET Q
q 0 0 0 rg BT 418.37 99.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 467.07 99.15 Td (firms. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 73.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 103.51 73.95 Td (new ) Tj ET Q
q 0 0 0 rg BT 122.68 73.95 Td (legislative ) Tj ET Q
q 0 0 0 rg BT 167.52 73.95 Td (package, ) Tj ET Q
q 0 0 0 rg BT 206.22 73.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 233.57 73.95 Td (includes ) Tj ET Q
q 0 0 0 rg BT 270.24 73.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 284.76 73.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 333.10 73.95 Td (Firms ) Tj ET Q
q 0 0 0 rg BT 359.29 73.95 Td (Regulation ) Tj ET Q
q 0 0 0 rg BT 407.05 73.95 Td (\(IFR\) ) Tj ET Q
q 0 0 0 rg BT 432.06 73.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.91 73.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 497.25 73.95 Td (Firms ) Tj ET Q
q 0 0 0 rg BT 523.44 73.95 Td (Directive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (\(IFD\) ) Tj ET Q
q 0 0 0 rg BT 75.96 61.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 94.84 61.35 Td (make ) Tj ET Q
q 0 0 0 rg BT 120.13 61.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 167.00 61.35 Td (alterations ) Tj ET Q
q 0 0 0 rg BT 213.28 61.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 223.99 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 239.37 61.35 Td (prudential ) Tj ET Q
q 0 0 0 rg BT 284.49 61.35 Td (framework ) Tj ET Q
q 0 0 0 rg BT 333.10 61.35 Td (governing ) Tj ET Q
q 0 0 0 rg BT 378.22 61.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 426.84 61.35 Td (firms, ) Tj ET Q
q 0 0 0 rg BT 454.18 61.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 496.39 61.35 Td (deviations ) Tj ET Q
q 0 0 0 rg BT 542.09 61.35 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.75 48.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 96.91 48.75 Td (MiFID ) Tj ET Q
q 0 0 0 rg BT 128.51 48.75 Td (approach ) Tj ET Q
q 0 0 0 rg BT 169.42 48.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 180.01 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.27 48.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 197.69 48.75 Td (use ) Tj ET Q
q 0 0 0 rg BT 214.11 48.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.29 48.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 227.71 48.75 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 279.71 48.75 Td (K-factors. ) Tj ET Q
q 0 0 0 rg BT 324.41 48.75 Td (IFR ) Tj ET Q
q 0 0 0 rg BT 343.17 48.75 Td (becomes ) Tj ET Q
q 0 0 0 rg BT 382.34 48.75 Td (directly ) Tj ET Q
q 0 0 0 rg BT 416.83 48.75 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 462.40 48.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 473.00 48.75 Td (EU ) Tj ET Q
q 0 0 0 rg BT 489.42 48.75 Td (member ) Tj ET Q
q 0 0 0 rg BT 526.25 48.75 Td (states ) Tj ET Q
q 0 0 0 rg BT 552.01 48.75 Td (on ) Tj ET Q
endstream
endobj
33 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 34 0 R>>
endobj
34 0 obj
<</Length 58632>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (June ) Tj ET Q
q 0 0 0 rg BT 70.77 741.75 Td (26, ) Tj ET Q
q 0 0 0 rg BT 85.92 741.75 Td (2021. ) Tj ET Q
q 0 0 0 rg BT 111.58 741.75 Td (IFD ) Tj ET Q
q 0 0 0 rg BT 130.52 741.75 Td (comes ) Tj ET Q
q 0 0 0 rg BT 159.37 741.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 177.73 741.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 185.70 741.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 203.46 741.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 215.99 741.75 Td (June ) Tj ET Q
q 0 0 0 rg BT 237.26 741.75 Td (26, ) Tj ET Q
q 0 0 0 rg BT 252.42 741.75 Td (2021 ) Tj ET Q
q 0 0 0 rg BT 275.44 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.63 741.75 Td (EU ) Tj ET Q
q 0 0 0 rg BT 308.65 741.75 Td (member ) Tj ET Q
q 0 0 0 rg BT 345.08 741.75 Td (states ) Tj ET Q
q 0 0 0 rg BT 370.44 741.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 392.28 741.75 Td (18 ) Tj ET Q
q 0 0 0 rg BT 404.81 741.75 Td (months ) Tj ET Q
q 0 0 0 rg BT 437.76 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 447.95 741.75 Td (adopt ) Tj ET Q
q 0 0 0 rg BT 473.31 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 490.49 741.75 Td (publish ) Tj ET Q
q 0 0 0 rg BT 523.44 741.75 Td (measures ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.10 729.15 Td (implement ) Tj ET Q
q 0 0 0 rg BT 107.44 729.15 Td (it. ) Tj ET Q
q 0 0 0 rg BT 118.16 729.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 136.92 729.15 Td (implementation ) Tj ET Q
q 0 0 0 rg BT 205.25 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.43 729.15 Td (changes ) Tj ET Q
q 0 0 0 rg BT 252.68 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 263.28 729.15 Td (adopt ) Tj ET Q
q 0 0 0 rg BT 289.04 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 306.64 729.15 Td (comply ) Tj ET Q
q 0 0 0 rg BT 340.57 729.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 361.67 729.15 Td (IFR ) Tj ET Q
q 0 0 0 rg BT 380.44 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 398.03 729.15 Td (IFD ) Tj ET Q
q 0 0 0 rg BT 417.38 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 434.98 729.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 453.75 729.15 Td (result ) Tj ET Q
q 0 0 0 rg BT 479.51 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 490.11 729.15 Td (higher ) Tj ET Q
q 0 0 0 rg BT 519.36 729.15 Td (regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (capital ) Tj ET Q
q 0 0 0 rg BT 80.38 716.55 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 138.10 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 153.24 716.55 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 194.62 716.55 Td (firms, ) Tj ET Q
q 0 0 0 rg BT 222.31 716.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 254.95 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 266.02 716.55 Td (transitional ) Tj ET Q
q 0 0 0 rg BT 316.16 716.55 Td (phasing ) Tj ET Q
q 0 0 0 rg BT 351.73 716.55 Td (in. ) Tj ET Q
q 0 0 0 rg BT 365.21 716.55 Td (W) Tj ET Q
q 0 0 0 rg BT 374.28 716.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 381.84 716.55 Td (continue ) Tj ET Q
q 0 0 0 rg BT 420.89 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 431.96 716.55 Td (analyze ) Tj ET Q
q 0 0 0 rg BT 466.92 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.65 716.55 Td (potential ) Tj ET Q
q 0 0 0 rg BT 522.29 716.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 553.76 716.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (IFR ) Tj ET Q
q 0 0 0 rg BT 68.46 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 86.25 703.95 Td (IFD ) Tj ET Q
q 0 0 0 rg BT 105.79 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 118.92 703.95 Td (us ) Tj ET Q
q 0 0 0 rg BT 130.88 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 148.67 703.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 165.29 703.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 188.33 703.95 Td (managers.) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 85.50 678.75 Td (Revised ) Tj ET Q
q 0 0 0 rg BT 120.77 678.75 Td (Retail ) Tj ET Q
q 0 0 0 rg BT 148.48 678.75 Td (Consumer ) Tj ET Q
q 0 0 0 rg BT 194.27 678.75 Td (Disclosur) Tj ET Q
q 0 0 0 rg BT 234.72 678.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 242.01 678.75 Td (Requir) Tj ET Q
q 0 0 0 rg BT 270.19 678.75 Td (ements) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 653.55 Td (EU ) Tj ET Q
q 0 0 0 rg BT 102.63 653.55 Td (legislators ) Tj ET Q
q 0 0 0 rg BT 148.92 653.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 171.87 653.55 Td (introduced ) Tj ET Q
q 0 0 0 rg BT 219.91 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 227.70 653.55 Td (new ) Tj ET Q
q 0 0 0 rg BT 248.32 653.55 Td (�Key ) Tj ET Q
q 0 0 0 rg BT 273.61 653.55 Td (Information ) Tj ET Q
q 0 0 0 rg BT 326.89 653.55 Td (Document� ) Tj ET Q
q 0 0 0 rg BT 378.43 653.55 Td (\(�KID�\), ) Tj ET Q
q 0 0 0 rg BT 419.16 653.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 447.95 653.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 458.09 653.55 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 504.36 653.55 Td (where ) Tj ET Q
q 0 0 0 rg BT 533.15 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 540.94 653.55 Td (retail ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (consumer ) Tj ET Q
q 0 0 0 rg BT 91.93 640.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 100.54 640.95 Td (sold ) Tj ET Q
q 0 0 0 rg BT 119.64 640.95 Td (Packaged ) Tj ET Q
q 0 0 0 rg BT 161.48 640.95 Td (Retail ) Tj ET Q
q 0 0 0 rg BT 188.16 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 204.93 640.95 Td (Insurance-based ) Tj ET Q
q 0 0 0 rg BT 274.75 640.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 323.01 640.95 Td (Products ) Tj ET Q
q 0 0 0 rg BT 361.37 640.95 Td (\(�PRIIPs�\) ) Tj ET Q
q 0 0 0 rg BT 409.05 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 425.82 640.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 453.08 640.95 Td (came ) Tj ET Q
q 0 0 0 rg BT 476.84 640.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 494.78 640.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 502.74 640.95 Td (fect ) Tj ET Q
q 0 0 0 rg BT 520.08 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 529.86 640.95 Td (January ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 72.65 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 89.95 628.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 108.43 628.35 Td (become ) Tj ET Q
q 0 0 0 rg BT 143.23 628.35 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 188.52 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 198.83 628.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 224.31 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 234.62 628.35 Td (December ) Tj ET Q
q 0 0 0 rg BT 279.91 628.35 Td (2021. ) Tj ET Q
q 0 0 0 rg BT 305.52 628.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 323.99 628.35 Td (KID ) Tj ET Q
q 0 0 0 rg BT 344.80 628.35 Td (must ) Tj ET Q
q 0 0 0 rg BT 367.37 628.35 Td (include ) Tj ET Q
q 0 0 0 rg BT 400.42 628.35 Td (specific ) Tj ET Q
q 0 0 0 rg BT 435.22 628.35 Td (information ) Tj ET Q
q 0 0 0 rg BT 486.94 628.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 499.58 628.35 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 525.35 628.35 Td (risks ) Tj ET Q
q 0 0 0 rg BT 547.33 628.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 106.71 615.75 Td (W) Tj ET Q
q 0 0 0 rg BT 115.78 615.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 122.09 615.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 136.55 615.75 Td (required ) Tj ET Q
q 0 0 0 rg BT 173.18 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 183.00 615.75 Td (produce ) Tj ET Q
q 0 0 0 rg BT 218.47 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 224.78 615.75 Td (KID ) Tj ET Q
q 0 0 0 rg BT 245.09 615.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 258.98 615.75 Td (each ) Tj ET Q
q 0 0 0 rg BT 279.86 615.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 300.76 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 310.58 615.75 Td (scope, ) Tj ET Q
q 0 0 0 rg BT 338.76 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 349.16 615.75 Td (well ) Tj ET Q
q 0 0 0 rg BT 368.88 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 379.28 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 389.10 615.75 Td (make ) Tj ET Q
q 0 0 0 rg BT 413.49 615.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 464.71 615.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 504.25 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 514.07 615.75 Td (distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (partners ) Tj ET Q
q 0 0 0 rg BT 85.94 603.15 Td (who ) Tj ET Q
q 0 0 0 rg BT 106.65 603.15 Td (sell ) Tj ET Q
q 0 0 0 rg BT 123.86 603.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 148.06 603.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 174.02 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 184.81 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.26 603.15 Td (EU.) Tj ET Q
BT /F5 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 577.95 Td (British Exit fr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.86 577.95 Td (om the Eur) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.14 577.95 Td (opean Union) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 552.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.14 552.75 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.04 552.75 Td (Kingdom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.02 552.75 Td (\(�U.K.�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.07 552.75 Td (held ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.47 552.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.44 552.75 Td (referendum ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.15 552.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.64 552.75 Td (June ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.20 552.75 Td (2016 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.52 552.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.00 552.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.98 552.75 Td (voters ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.96 552.75 Td (approved ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.35 552.75 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.57 552.75 Td (exit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.64 552.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.36 552.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.51 552.75 Td (EU ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (\("Brexit"\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.32 540.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.37 540.15 Td (resulted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.99 540.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.54 540.15 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.25 540.15 Td (volatility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.55 540.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.10 540.15 Td (several ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.22 540.15 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.67 540.15 Td (markets. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.92 540.15 Td (On ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.13 540.15 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.92 540.15 Td (29, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.43 540.15 Td (2017, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.44 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.65 540.15 Td (U.K. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.45 540.15 Td (delivered ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (notice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.84 527.55 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.84 527.55 Td (Article ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.67 527.55 Td (50 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.86 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.28 527.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.80 527.55 Td (Lisbon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.45 527.55 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.50 527.55 Td (reaty ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.17 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.59 527.55 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.20 527.55 Td (intent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.79 527.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.64 527.55 Td (leave ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.48 527.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.99 527.55 Td (EU, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.29 527.55 Td (beginning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.97 527.55 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 410.31 527.55 Td (two-year ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 450.31 527.55 Td (negotiation ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 500.23 527.55 Td (period ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 529.74 527.55 Td (for ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 544.67 527.55 Td (the) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 557.50 527.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 49.50 514.95 Td (U.K. ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 72.80 514.95 Td (and ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 90.84 514.95 Td (the ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 106.55 514.95 Td (27 ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 119.93 514.95 Td (remaining ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 165.38 514.95 Td (members ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 206.75 514.95 Td (of ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 218.38 514.95 Td (the ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 234.09 514.95 Td (EU ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 250.97 514.95 Td (to ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 262.02 514.95 Td (reach ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 287.63 514.95 Td (agreement ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 334.23 514.95 Td (on ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 347.61 514.95 Td (the ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 363.32 514.95 Td (terms ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 389.53 514.95 Td (of ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 401.16 514.95 Td (the ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 416.87 514.95 Td (exit. ) Tj ET Q
q 0.2823529411764706 0.2784313725490196 0.28627450980392155 rg BT 438.12 514.95 Td (On) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 450.96 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 453.84 514.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 484.12 514.95 Td (23, ) Tj ET Q
q 0 0 0 rg BT 500.13 514.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 526.64 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 542.34 514.95 Td (UK ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.26 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.69 502.35 Td (EU ) Tj ET Q
q 0 0 0 rg BT 99.28 502.35 Td (leaders ) Tj ET Q
q 0 0 0 rg BT 131.61 502.35 Td (endorsed ) Tj ET Q
q 0 0 0 rg BT 172.11 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 179.37 502.35 Td (21-month ) Tj ET Q
q 0 0 0 rg BT 222.80 502.35 Td (transition ) Tj ET Q
q 0 0 0 rg BT 265.06 502.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 294.49 502.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 312.83 502.35 Td (would ) Tj ET Q
q 0 0 0 rg BT 341.68 502.35 Td (begin ) Tj ET Q
q 0 0 0 rg BT 367.60 502.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 380.70 502.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 410.71 502.35 Td (29, ) Tj ET Q
q 0 0 0 rg BT 426.43 502.35 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 450.03 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.79 502.35 Td (end ) Tj ET Q
q 0 0 0 rg BT 485.54 502.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 498.64 502.35 Td (December ) Tj ET Q
q 0 0 0 rg BT 544.38 502.35 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 73.58 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 91.82 489.75 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 128.14 489.75 Td (negotiating ) Tj ET Q
q 0 0 0 rg BT 178.46 489.75 Td (guidelines ) Tj ET Q
q 0 0 0 rg BT 224.69 489.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 238.27 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.18 489.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 282.33 489.75 Td (EU-UK ) Tj ET Q
q 0 0 0 rg BT 318.07 489.75 Td (relationship.� ) Tj ET Q
q 0 0 0 rg BT 375.97 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 378.83 489.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 398.23 489.75 Td (terms ) Tj ET Q
q 0 0 0 rg BT 424.64 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 436.46 489.75 Td (this ) Tj ET Q
q 0 0 0 rg BT 454.71 489.75 Td (transitional ) Tj ET Q
q 0 0 0 rg BT 505.03 489.75 Td (arrangement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 72.33 477.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 88.19 477.15 Td (binding ) Tj ET Q
q 0 0 0 rg BT 122.71 477.15 Td (unless ) Tj ET Q
q 0 0 0 rg BT 151.39 477.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 164.32 477.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 194.16 477.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 209.72 477.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 235.78 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 242.88 477.15 Td (formal ) Tj ET Q
q 0 0 0 rg BT 273.30 477.15 Td (withdrawal ) Tj ET Q
q 0 0 0 rg BT 322.97 477.15 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 369.13 477.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 406.54 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 421.81 477.15 Td (UK ) Tj ET Q
q 0 0 0 rg BT 439.41 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 457.00 477.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.26 477.15 Td (European ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.93 477.15 Td (Economic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (Area ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.53 464.55 Td (\(�EEA�\)) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 109.26 464.55 Td (had ) Tj ET Q
q 0 0 0 rg BT 127.05 464.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 149.50 464.55 Td (negotiated ) Tj ET Q
q 0 0 0 rg BT 195.87 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 206.67 464.55 Td (full ) Tj ET Q
q 0 0 0 rg BT 223.88 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 241.67 464.55 Td (agreed, ) Tj ET Q
q 0 0 0 rg BT 274.91 464.55 Td (ratified ) Tj ET Q
q 0 0 0 rg BT 307.85 464.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 320.99 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 336.45 464.55 Td (European ) Tj ET Q
q 0 0 0 rg BT 379.31 464.55 Td (Parliament ) Tj ET Q
q 0 0 0 rg BT 427.43 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 445.22 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 460.68 464.55 Td (European ) Tj ET Q
q 0 0 0 rg BT 503.54 464.55 Td (Council; ) Tj ET Q
q 0 0 0 rg BT 542.34 464.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (ratified ) Tj ET Q
q 0 0 0 rg BT 82.71 451.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 96.10 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 111.83 451.95 Td (UK ) Tj ET Q
q 0 0 0 rg BT 129.89 451.95 Td (\(which ) Tj ET Q
q 0 0 0 rg BT 161.94 451.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 171.84 451.95 Td (likely ) Tj ET Q
q 0 0 0 rg BT 198.64 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 209.71 451.95 Td (require ) Tj ET Q
q 0 0 0 rg BT 242.33 451.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 254.50 451.95 Td (Act ) Tj ET Q
q 0 0 0 rg BT 272.55 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 284.19 451.95 Td (Parliament\). ) Tj ET Q
q 0 0 0 rg BT 338.70 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 341.38 451.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 360.60 451.95 Td (UK ) Tj ET Q
q 0 0 0 rg BT 378.66 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 396.72 451.95 Td (EU ) Tj ET Q
q 0 0 0 rg BT 413.61 451.95 Td (leaders ) Tj ET Q
q 0 0 0 rg BT 446.23 451.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 469.53 451.95 Td (unable ) Tj ET Q
q 0 0 0 rg BT 500.41 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 511.47 451.95 Td (negotiate ) Tj ET Q
q 0 0 0 rg BT 552.85 451.95 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (formal ) Tj ET Q
q 0 0 0 rg BT 79.35 439.35 Td (withdrawal ) Tj ET Q
q 0 0 0 rg BT 128.45 439.35 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 174.03 439.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 186.39 439.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 215.66 439.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 230.65 439.35 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 253.51 439.35 Td (but ) Tj ET Q
q 0 0 0 rg BT 268.79 439.35 Td (agreed ) Tj ET Q
q 0 0 0 rg BT 298.63 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 308.66 439.35 Td (extend ) Tj ET Q
q 0 0 0 rg BT 338.51 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.19 439.35 Td (Brexit ) Tj ET Q
q 0 0 0 rg BT 381.30 439.35 Td (date ) Tj ET Q
q 0 0 0 rg BT 400.65 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 410.68 439.35 Td (provide ) Tj ET Q
q 0 0 0 rg BT 444.62 439.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 488.47 439.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 508.99 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 519.02 439.35 Td (complete ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (negotiations. ) Tj ET Q
q 0 0 0 rg BT 105.42 426.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 123.87 426.75 Td (UK ) Tj ET Q
q 0 0 0 rg BT 141.16 426.75 Td (withdrew ) Tj ET Q
q 0 0 0 rg BT 182.94 426.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 205.47 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.42 426.75 Td (EU ) Tj ET Q
q 0 0 0 rg BT 236.54 426.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 249.16 426.75 Td (January ) Tj ET Q
q 0 0 0 rg BT 283.94 426.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 299.19 426.75 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 324.78 426.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 343.23 426.75 Td (timeline ) Tj ET Q
q 0 0 0 rg BT 379.76 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 390.05 426.75 Td (conclude ) Tj ET Q
q 0 0 0 rg BT 430.07 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 436.86 426.75 Td (new ) Tj ET Q
q 0 0 0 rg BT 456.47 426.75 Td (UK/EU ) Tj ET Q
q 0 0 0 rg BT 490.68 426.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 513.78 426.75 Td (agreement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.03 414.15 Td (December ) Tj ET Q
q 0 0 0 rg BT 107.20 414.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.36 414.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 145.39 414.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 161.41 414.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 183.26 414.15 Td (challenged ) Tj ET Q
q 0 0 0 rg BT 230.77 414.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 240.97 414.15 Td (recent ) Tj ET Q
q 0 0 0 rg BT 268.65 414.15 Td (weeks ) Tj ET Q
q 0 0 0 rg BT 296.92 414.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 309.45 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.31 414.15 Td (global ) Tj ET Q
q 0 0 0 rg BT 352.58 414.15 Td (economic ) Tj ET Q
q 0 0 0 rg BT 395.43 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 412.62 414.15 Td (health ) Tj ET Q
q 0 0 0 rg BT 440.31 414.15 Td (crisis ) Tj ET Q
q 0 0 0 rg BT 464.50 414.15 Td (caused ) Tj ET Q
q 0 0 0 rg BT 495.10 414.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 507.63 414.15 Td (COVID-19, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.74 401.55 Td (final ) Tj ET Q
q 0 0 0 rg BT 104.61 401.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 130.56 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 148.35 401.55 Td (implementation ) Tj ET Q
q 0 0 0 rg BT 216.87 401.55 Td (date ) Tj ET Q
q 0 0 0 rg BT 236.99 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.36 401.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 255.65 401.55 Td (new ) Tj ET Q
q 0 0 0 rg BT 275.76 401.55 Td (trade ) Tj ET Q
q 0 0 0 rg BT 299.37 401.55 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 345.72 401.55 Td (remain ) Tj ET Q
q 0 0 0 rg BT 377.50 401.55 Td (uncertain.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 376.35 Td (A) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 93.08 376.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 99.70 376.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 106.90 376.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 132.76 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 144.04 376.35 Td (Brexit, ) Tj ET Q
q 0 0 0 rg BT 175.44 376.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 190.22 376.35 Td (have, ) Tj ET Q
q 0 0 0 rg BT 215.19 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 232.89 376.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 253.50 376.35 Td (continue ) Tj ET Q
q 0 0 0 rg BT 292.19 376.35 Td (to, ) Tj ET Q
q 0 0 0 rg BT 305.51 376.35 Td (incur ) Tj ET Q
q 0 0 0 rg BT 329.62 376.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 374.14 376.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 397.68 376.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 415.37 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 426.07 376.35 Td (having ) Tj ET Q
q 0 0 0 rg BT 457.18 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 467.88 376.35 Td (locate ) Tj ET Q
q 0 0 0 rg BT 495.48 376.35 Td (more ) Tj ET Q
q 0 0 0 rg BT 519.59 376.35 Td (activities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (within ) Tj ET Q
q 0 0 0 rg BT 78.94 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 94.38 363.75 Td (EU. ) Tj ET Q
q 0 0 0 rg BT 113.42 363.75 Td (There ) Tj ET Q
q 0 0 0 rg BT 140.51 363.75 Td (could ) Tj ET Q
q 0 0 0 rg BT 166.45 363.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 185.97 363.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 198.49 363.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 234.92 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 245.69 363.75 Td (UK ) Tj ET Q
q 0 0 0 rg BT 263.47 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 281.24 363.75 Td (EU ) Tj ET Q
q 0 0 0 rg BT 297.84 363.75 Td (immigration ) Tj ET Q
q 0 0 0 rg BT 352.36 363.75 Td (policies ) Tj ET Q
q 0 0 0 rg BT 387.63 363.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 398.99 363.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 406.26 363.75 Td (result ) Tj ET Q
q 0 0 0 rg BT 432.19 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 443.55 363.75 Td (Brexit, ) Tj ET Q
q 0 0 0 rg BT 475.03 363.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 503.30 363.75 Td (could ) Tj ET Q
q 0 0 0 rg BT 529.23 363.75 Td (lead ) Tj ET Q
q 0 0 0 rg BT 549.33 363.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 98.17 351.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 110.69 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 125.53 351.15 Td (free ) Tj ET Q
q 0 0 0 rg BT 143.86 351.15 Td (movement ) Tj ET Q
q 0 0 0 rg BT 190.20 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 200.97 351.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 249.06 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 266.24 351.15 Td (support ) Tj ET Q
q 0 0 0 rg BT 299.75 351.15 Td (staf) Tj ET Q
q 0 0 0 rg BT 314.73 351.15 Td (f ) Tj ET Q
q 0 0 0 rg BT 320.24 351.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 357.24 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 372.08 351.15 Td (UK ) Tj ET Q
q 0 0 0 rg BT 389.26 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 406.44 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 421.28 351.15 Td (EU. ) Tj ET Q
q 0 0 0 rg BT 439.92 351.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.79 351.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.86 351.15 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.54 351.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.89 351.15 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.06 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.25 351.15 Td (monitor ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.73 338.55 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.87 338.55 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.85 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.99 338.55 Td (Brexit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.64 338.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.54 338.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.94 338.55 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.93 338.55 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.07 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.63 338.55 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.76 338.55 Td (condition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.82 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.39 338.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.61 338.55 Td (implemented ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 483.83 338.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 490.89 338.55 Td (number ) Tj ET Q
q 0 0 0 rg BT 525.36 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 536.51 338.55 Td (steps ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.38 325.95 Td (prepare ) Tj ET Q
q 0 0 0 rg BT 94.57 325.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 109.53 325.95 Td (various ) Tj ET Q
q 0 0 0 rg BT 143.15 325.95 Td (outcomes, ) Tj ET Q
q 0 0 0 rg BT 188.73 325.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 231.11 325.95 Td (establishing ) Tj ET Q
q 0 0 0 rg BT 283.99 325.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 296.61 325.95 Td (of) Tj ET Q
q 0 0 0 rg BT 305.17 325.95 Td (fice ) Tj ET Q
q 0 0 0 rg BT 323.62 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 334.50 325.95 Td (Dublin, ) Tj ET Q
q 0 0 0 rg BT 369.00 325.95 Td (Ireland, ) Tj ET Q
q 0 0 0 rg BT 404.07 325.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 412.04 325.95 Td (fecting ) Tj ET Q
q 0 0 0 rg BT 443.91 325.95 Td (or) Tj ET Q
q 0 0 0 rg BT 452.46 325.95 Td (ganizational, ) Tj ET Q
q 0 0 0 rg BT 509.11 325.95 Td (governance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 69.95 313.35 Td (operational ) Tj ET Q
q 0 0 0 rg BT 122.47 313.35 Td (changes, ) Tj ET Q
q 0 0 0 rg BT 164.20 313.35 Td (applying ) Tj ET Q
q 0 0 0 rg BT 206.24 313.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 223.77 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 244.22 313.35 Td (receiving ) Tj ET Q
q 0 0 0 rg BT 288.57 313.35 Td (licenses ) Tj ET Q
q 0 0 0 rg BT 327.10 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 347.55 313.35 Td (permissions ) Tj ET Q
q 0 0 0 rg BT 403.01 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 416.46 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 434.58 313.35 Td (EU, ) Tj ET Q
q 0 0 0 rg BT 456.49 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 476.94 313.35 Td (engaging ) Tj ET Q
q 0 0 0 rg BT 520.72 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 534.18 313.35 Td (client ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (communications. ) Tj ET Q
q 0 0 0 rg BT 123.54 300.75 Td (These ) Tj ET Q
q 0 0 0 rg BT 150.77 300.75 Td (steps, ) Tj ET Q
q 0 0 0 rg BT 176.56 300.75 Td (many ) Tj ET Q
q 0 0 0 rg BT 202.05 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 212.96 300.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 240.78 300.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 262.76 300.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 284.75 300.75 Td (time-consuming ) Tj ET Q
q 0 0 0 rg BT 355.15 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 372.47 300.75 Td (costly) Tj ET Q
q 0 0 0 rg BT 396.88 300.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 401.66 300.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 416.64 300.75 Td (expected ) Tj ET Q
q 0 0 0 rg BT 456.11 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 466.44 300.75 Td (add ) Tj ET Q
q 0 0 0 rg BT 483.77 300.75 Td (complexity ) Tj ET Q
q 0 0 0 rg BT 533.17 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 543.50 300.75 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (European ) Tj ET Q
q 0 0 0 rg BT 92.36 288.15 Td (operations.) Tj ET Q
BT /F6 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 262.95 Td (Existing U.S. Regulation) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 237.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.03 237.75 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.49 237.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.70 237.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.73 237.75 Td (federal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.07 237.75 Td (agency ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.01 237.75 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.89 237.75 Td (ged ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.25 237.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.12 237.75 Td (administration ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.98 237.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.93 237.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.96 237.75 Td (federal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.31 237.75 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.17 237.75 Td (laws. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.24 237.75 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.77 237.75 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.65 237.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.27 237.75 Td (managers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.47 225.15 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.02 225.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.93 225.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.16 225.15 Td (advisers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.72 225.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.54 225.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.53 225.15 Td (SEC, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.56 225.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.47 225.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.44 225.15 Td (several ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.33 225.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.23 225.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.38 225.15 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.60 225.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.17 225.15 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.18 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.49 225.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.47 225.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.54 225.15 Td (required ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.15 212.55 Td (make ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.36 212.55 Td (notice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.50 212.55 Td (filings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.81 212.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.45 212.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.49 212.55 Td (states. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.75 212.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.82 212.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.96 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.59 212.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.63 212.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.86 212.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.33 212.55 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.30 212.55 Td (filiates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.35 212.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.65 212.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.04 212.55 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.42 212.55 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.64 212.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.28 212.55 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.33 212.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.31 212.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.61 212.55 Td (SEC, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.04 199.95 Td (Department ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.31 199.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.76 199.95 Td (Labor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.54 199.95 Td (\(the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.58 199.95 Td (�DOL�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.31 199.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.85 199.95 Td (Federal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.04 199.95 Td (Reserve, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.19 199.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.73 199.95 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.51 199.95 Td (Industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.22 199.95 Td (Regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.98 199.95 Td (Authority ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.52 199.95 Td (\(�FINRA�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 199.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.35 Td (National ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.87 187.35 Td (Futures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.87 187.35 Td (Association ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.66 187.35 Td (\(�NF) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.47 187.35 Td (A�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.04 187.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.08 187.35 Td (CFTC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.56 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.93 187.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.71 187.35 Td (government ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.08 187.35 Td (agencies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.44 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.81 187.35 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.17 187.35 Td (bodies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.42 187.35 Td (Certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.54 187.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.50 187.35 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.75 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.47 174.75 Td (filiates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.84 174.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.46 174.75 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.17 174.75 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.71 174.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.67 174.75 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.38 174.75 Td (anti-terrorist ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.66 174.75 Td (financing, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.74 174.75 Td (privacy) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.54 174.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.96 174.75 Td (anti-money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.58 174.75 Td (laundering ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.28 174.75 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.74 174.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.70 174.75 Td (economic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (sanctions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.20 162.15 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.08 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.86 162.15 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.14 162.15 Td (established ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.43 162.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.55 162.15 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.09 162.15 Td (agencies.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 136.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.06 136.95 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.24 136.95 Td (Advisers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.10 136.95 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.50 136.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.48 136.95 Td (1940 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.72 136.95 Td (imposes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.38 136.95 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.03 136.95 Td (obligations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.94 136.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.68 136.95 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.31 136.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.63 136.95 Td (advisers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.27 136.95 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 136.95 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.35 124.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.38 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.67 124.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.36 124.35 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.51 124.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.46 124.35 Td (recordkeeping, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.42 124.35 Td (operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.94 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.39 124.35 Td (marketing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.25 124.35 Td (requirements, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.97 124.35 Td (disclosure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.83 124.35 Td (obligations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.56 111.75 Td (prohibitions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.20 111.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.60 111.75 Td (fraudulent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.65 111.75 Td (activities. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.93 111.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.15 111.75 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.71 111.75 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.02 111.75 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.07 111.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.71 111.75 Td (1940 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.61 111.75 Td (imposes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.92 111.75 Td (stringent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.57 111.75 Td (governance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.48 111.75 Td (compliance, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (operational, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.38 99.15 Td (disclosure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.97 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.15 99.15 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.73 99.15 Td (obligations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.42 99.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.94 99.15 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.35 99.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.45 99.15 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.37 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.55 99.15 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.81 99.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.91 99.15 Td (advisers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 99.15 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 557.50 99.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.55 Td (distributors. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.98 86.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.47 86.55 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.90 86.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.08 86.55 Td (authorized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.57 86.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.91 86.55 Td (institute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.91 86.55 Td (proceedings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.82 86.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.15 86.55 Td (impose ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.65 86.55 Td (sanctions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.91 86.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.32 86.55 Td (violations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.91 86.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.83 86.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.83 86.55 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.18 86.55 Td (Advisers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.78 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.65 73.95 Td (1940 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.78 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.06 73.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.01 73.95 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.79 73.95 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.06 73.95 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.35 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.22 73.95 Td (1940, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.96 73.95 Td (ranging ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.16 73.95 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.70 73.95 Td (fines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.23 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.52 73.95 Td (censure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.70 73.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.99 73.95 Td (termination ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.52 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.39 73.95 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.43 73.95 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (adviser) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.21 61.35 Td (�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.13 61.35 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.36 61.35 Td (registration. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.95 61.35 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.75 61.35 Td (advisers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.30 61.35 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.36 61.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.32 61.35 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.20 61.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.51 61.35 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.22 61.35 Td (state ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.61 61.35 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.40 61.35 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.79 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.10 61.35 Td (regulations. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.52 61.35 Td (Non-compliance ) Tj ET Q
endstream
endobj
35 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 36 0 R>>
endobj
36 0 obj
<</Length 87625>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (15) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.73 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.12 741.75 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.77 741.75 Td (Advisers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.10 741.75 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.82 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.13 741.75 Td (1940, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.32 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.71 741.75 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.93 741.75 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.76 741.75 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.48 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.79 741.75 Td (1940 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.35 741.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.66 741.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.80 741.75 Td (federal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.50 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.22 741.75 Td (state ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.03 741.75 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.24 741.75 Td (laws ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 729.15 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.57 729.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.52 729.15 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.47 729.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.27 729.15 Td (investigations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.85 729.15 Td (sanctions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.18 729.15 Td (disgor) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.24 729.15 Td (gement, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.39 729.15 Td (fines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.43 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.22 729.15 Td (reputational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.99 729.15 Td (damage.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 703.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.51 703.95 Td (trading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.93 703.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.77 703.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.52 703.95 Td (activities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.10 703.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.03 703.95 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.03 703.95 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.44 703.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.94 703.95 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.53 703.95 Td (regulated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.27 703.95 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.85 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.36 703.95 Td (Securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.45 703.95 Td (Exchange ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.93 703.95 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.77 703.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (1934 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.96 691.35 Td (\(the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.75 691.35 Td (�Exchange ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.51 691.35 Td (Act�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.91 691.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.12 691.35 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.67 691.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.88 691.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.17 691.35 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.04 691.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.25 691.35 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.63 691.35 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.76 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.39 691.35 Td (non-U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.77 691.35 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.89 691.35 Td (exchanges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.08 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.70 691.35 Td (self-regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.06 678.75 Td (ganizations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.04 678.75 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.23 678.75 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.01 678.75 Td (governing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.12 678.75 Td (trading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.40 678.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.43 678.75 Td (inside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.04 678.75 Td (information, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.78 678.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.46 678.75 Td (manipulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.40 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.10 678.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.29 678.75 Td (broad ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.73 678.75 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.34 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.62 678.75 Td (technical ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.94 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.72 666.15 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.50 666.15 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.70 666.15 Td (policies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.98 666.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.78 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.23 666.15 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.43 666.15 Td (States ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.14 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.93 666.15 Td (globally) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.66 666.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 640.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.32 640.95 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.51 640.95 Td (-dealer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.14 640.95 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.21 640.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.51 640.95 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.75 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.40 640.95 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.54 640.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.78 640.95 Td (cover ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.58 640.95 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.57 640.95 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.38 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.61 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.93 640.95 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.07 640.95 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.77 640.95 Td (Much ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 640.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.74 628.35 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.73 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.89 628.35 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.08 628.35 Td (-dealers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.72 628.35 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.13 628.35 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.37 628.35 Td (delegated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.01 628.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.59 628.35 Td (self-regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.81 628.35 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.37 628.35 Td (ganizations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.23 628.35 Td (principally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.13 628.35 Td (FINRA. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.35 628.35 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.84 628.35 Td (self-) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.13 615.75 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.69 615.75 Td (ganizations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.00 615.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.30 615.75 Td (adopted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.03 615.75 Td (extensive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.17 615.75 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.80 615.75 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.10 615.75 Td (relating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.66 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.31 615.75 Td (matters ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.70 615.75 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.43 615.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.67 615.75 Td (sales ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.56 615.75 Td (practices, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (compensation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.28 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.90 603.15 Td (disclosure, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.56 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.18 603.15 Td (conduct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.87 603.15 Td (periodic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.74 603.15 Td (examinations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.18 603.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.39 603.15 Td (member ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.25 603.15 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.44 603.15 Td (-dealers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.13 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.76 603.15 Td (accordance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.42 603.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.55 603.15 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.42 603.15 Td (they ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.66 590.55 Td (adopted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.24 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.74 590.55 Td (amended ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.98 590.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.73 590.55 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.73 590.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.24 590.55 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.86 590.55 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.95 590.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.45 590.55 Td (approval ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.53 590.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.37 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.53 590.55 Td (SEC. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.59 590.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.25 590.55 Td (SEC, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.47 590.55 Td (self-regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.62 590.55 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.18 590.55 Td (ganizations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 590.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (state ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.15 577.95 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.20 577.95 Td (commissions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.44 577.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.92 577.95 Td (conduct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.56 577.95 Td (administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.04 577.95 Td (proceedings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.17 577.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.32 577.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.29 577.95 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.02 577.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.59 577.95 Td (censure, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.69 577.95 Td (fine, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.04 577.95 Td (suspension ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.53 577.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.68 577.95 Td (expulsion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.84 565.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.09 565.35 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.28 565.35 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.37 565.35 Td (dealer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.60 565.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.81 565.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.33 565.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.88 565.35 Td (ficers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.79 565.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.13 565.35 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.12 565.35 Td (employees. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.98 565.35 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.64 565.35 Td (administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.30 565.35 Td (proceedings, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.25 565.35 Td (whether ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.66 565.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.00 565.35 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.01 565.35 Td (resulting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.35 565.35 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.47 552.75 Td (findings, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.42 552.75 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.89 552.75 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.53 552.75 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.35 552.75 Td (expenditures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.90 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.97 552.75 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.44 552.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.17 552.75 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.98 552.75 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.95 552.75 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.43 552.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.83 552.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.57 552.75 Td (reputation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.04 552.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.69 552.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.18 552.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.83 552.75 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.69 540.15 Td (-dealer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.26 540.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.36 540.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.43 540.15 Td (principal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.50 540.15 Td (purpose ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.50 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.99 540.15 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.31 540.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.22 540.15 Td (discipline ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.80 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.29 540.15 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.49 540.15 Td (-dealers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.47 540.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.22 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.80 540.15 Td (protection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.11 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.61 540.15 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.77 540.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 540.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.78 527.55 Td (markets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.27 527.55 Td (rather ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.38 527.55 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.08 527.55 Td (protection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.27 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.65 527.55 Td (creditors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.01 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.79 527.55 Td (stockholders ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.49 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.86 527.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.32 527.55 Td (regulated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.01 527.55 Td (entity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.24 527.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 502.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.72 502.35 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.23 502.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.70 502.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.58 502.35 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.29 502.35 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.68 502.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.23 502.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.61 502.35 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.83 502.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.47 502.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.77 502.35 Td (Employee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.81 502.35 Td (Retirement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.93 502.35 Td (Income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.89 502.35 Td (Security ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.81 502.35 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.45 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.66 502.35 Td (1974, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 502.35 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (amended ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.75 489.75 Td (\(�ERISA�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.38 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.90 489.75 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.81 489.75 Td (regulations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.45 489.75 Td (particularly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.19 489.75 Td (insofar ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.71 489.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.81 489.75 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.24 489.75 Td (act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.83 489.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.93 489.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.94 489.75 Td (�fiduciary� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.52 489.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.62 489.75 Td (�investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.71 489.75 Td (manager� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.57 477.15 Td (ERISA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.32 477.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.48 477.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.31 477.15 Td (respect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.20 477.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.53 477.15 Td (benefit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.84 477.15 Td (plan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.08 477.15 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.28 477.15 Td (ERISA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.03 477.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.19 477.15 Td (imposes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.77 477.15 Td (duties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.01 477.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.67 477.15 Td (persons ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.91 477.15 Td (who ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.15 477.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.13 477.15 Td (fiduciaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.61 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.51 477.15 Td (ERISA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.27 477.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.43 477.15 Td (plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.22 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.06 464.55 Td (ERISA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.82 464.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.50 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.34 464.55 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.59 464.55 Td (provisions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.02 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.45 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.96 464.55 Td (Internal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.29 464.55 Td (Revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.71 464.55 Td (Code ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.55 464.55 Td (prohibit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.48 464.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.73 464.55 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.56 464.55 Td (involving ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.50 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.01 464.55 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.73 451.95 Td (ERISA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.49 451.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.97 451.95 Td (plan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.53 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.17 451.95 Td (Individual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.81 451.95 Td (Retirement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.40 451.95 Td (Account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.45 451.95 Td (\(�IRA�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.33 451.95 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.22 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.86 451.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.91 451.95 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.54 451.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.52 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.83 451.95 Td (fiduciaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.63 451.95 Td (\(and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.77 451.95 Td (several ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.21 439.35 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.91 439.35 Td (parties\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.53 439.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.83 439.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.21 439.35 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.39 439.35 Td (Non-compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.50 439.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.30 439.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.68 439.35 Td (ERISA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.44 439.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.57 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.87 439.35 Td (Internal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.65 439.35 Td (Revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.52 439.35 Td (Code ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.82 439.35 Td (provisions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.71 439.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.18 439.35 Td (result ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.29 426.75 Td (sanctions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.62 426.75 Td (damages, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.61 426.75 Td (disgor) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.67 426.75 Td (gement, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.82 426.75 Td (penalties, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.40 426.75 Td (fines, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.06 426.75 Td (excise ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.92 426.75 Td (taxes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.12 426.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.90 426.75 Td (reputational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.68 426.75 Td (damage.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 401.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.07 401.55 Td (October ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.70 401.55 Td (2016, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.15 401.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.80 401.55 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.87 401.55 Td (adopted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.93 401.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.41 401.55 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.73 401.55 Td (rule ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.87 401.55 Td (\(and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.35 401.55 Td (amendments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.24 401.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.23 401.55 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.30 401.55 Td (rules\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.02 401.55 Td (designed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.17 401.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.16 401.55 Td (promote ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.97 401.55 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.94 401.55 Td (fective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.10 388.95 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.86 388.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.51 388.95 Td (throughout ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.60 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.44 388.95 Td (open-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.52 388.95 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.78 388.95 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.51 388.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.15 388.95 Td (thereby ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.64 388.95 Td (reducing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.39 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.22 388.95 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.98 388.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.74 388.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.08 388.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.43 388.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.35 388.95 Td (unable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.35 388.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (meet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.97 376.35 Td (redemption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.85 376.35 Td (obligations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.57 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.79 376.35 Td (mitigating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.02 376.35 Td (dilution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.75 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.55 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.44 376.35 Td (interests ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.49 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.30 376.35 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.61 376.35 Td (shareholders. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.14 376.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.52 376.35 Td (amendments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.65 376.35 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.62 376.35 Td (seek ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 376.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (enhance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.71 363.75 Td (disclosure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.11 363.75 Td (regarding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.16 363.75 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.23 363.75 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.63 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.61 363.75 Td (redemption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.25 363.75 Td (practices. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.01 363.75 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.66 363.75 Td (rule ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.80 363.75 Td (22e-4 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.53 363.75 Td (requires ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.17 363.75 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.22 363.75 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.43 363.75 Td (open-end ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (fund,) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 71.37 351.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.54 351.15 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.37 351.15 Td (open-end ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.61 351.15 Td (ETFs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.54 351.15 Td (\(but ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.62 351.15 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.21 351.15 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.04 351.15 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.79 351.15 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.11 351.15 Td (funds\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.74 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.07 351.15 Td (establish ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.99 351.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.82 351.15 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.58 351.15 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.50 351.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.31 351.15 Td (program. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.05 338.55 Td (Commission ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.38 338.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.52 338.55 Td (adopted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.98 338.55 Td (amendments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.28 338.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.68 338.55 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.15 338.55 Td (rule ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.71 338.55 Td (22c-1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.84 338.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.24 338.55 Td (permit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.87 338.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.76 338.55 Td (fund, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.86 338.55 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.00 338.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.79 338.55 Td (circumstances, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.11 338.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.51 338.55 Td (use ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (�swing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.07 325.95 Td (pricing,� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.92 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.57 325.95 Td (process ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.88 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.45 325.95 Td (adjusting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.77 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.42 325.95 Td (NA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.24 325.95 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.63 325.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.45 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.02 325.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.50 325.95 Td (fund�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.67 325.95 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.58 325.95 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.64 325.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.63 325.95 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.60 325.95 Td (fectively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.15 325.95 Td (pass ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.06 325.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.38 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.03 325.95 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.85 325.95 Td (stemming ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.09 325.95 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (shareholder ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.33 313.35 Td (purchase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.49 313.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.09 313.35 Td (redemption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.76 313.35 Td (activity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.10 313.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.11 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.79 313.35 Td (shareholders ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.71 313.35 Td (associated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.71 313.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.22 313.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.82 313.35 Td (activity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.63 313.35 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.90 313.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.07 313.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.25 313.35 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.50 313.35 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 313.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.75 Td (comply ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.13 300.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.93 300.75 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.62 300.75 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.07 300.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.95 300.75 Td (rule ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.41 300.75 Td (22e-4 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.45 300.75 Td (beginning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.57 300.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.21 300.75 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.48 300.75 Td (1, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.48 300.75 Td (2018, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.24 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.53 300.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.24 300.75 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.69 300.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.57 300.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.53 300.75 Td (Rule ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.49 300.75 Td (beginning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.62 300.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.25 300.75 Td (June ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.15 Td (1, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.32 288.15 Td (2019. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.76 288.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.03 288.15 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.23 288.15 Td (delayed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.83 288.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.61 288.15 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.58 288.15 Td (fective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.09 288.15 Td (date ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.52 288.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.22 288.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.00 288.15 Td (amendments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.02 288.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.71 288.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.99 288.15 Td (permit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.35 288.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.63 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.75 288.15 Td (use ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.69 288.15 Td (swing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.73 288.15 Td (pricing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.42 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.53 288.15 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.56 288.15 Td (funds, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (intermediaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.43 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.47 275.55 Td (service ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.08 275.55 Td (providers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.61 275.55 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.15 275.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.19 275.55 Td (work ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.65 275.55 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.18 275.55 Td (operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.29 275.55 Td (issues. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.88 275.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.62 275.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.82 275.55 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.43 275.55 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.88 275.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.50 275.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.21 275.55 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.58 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.61 275.55 Td (amended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.54 262.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.66 262.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.11 262.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.07 262.95 Td (and/or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.52 262.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.14 262.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.36 262.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.98 262.95 Td (unclear) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.30 262.95 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 237.75 Td (Existing International Regulation) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 212.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.73 212.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.21 212.55 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.76 212.55 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.46 212.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.18 212.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.49 212.55 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.22 212.55 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.97 212.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.87 212.55 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.62 212.55 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.81 212.55 Td (-dealer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.44 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.08 212.55 Td (distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.21 199.95 Td (domiciled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.33 199.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.62 199.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.41 199.95 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.62 199.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.49 199.95 Td (jurisdictions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.16 199.95 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.04 199.95 Td (Australia, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.29 199.95 Td (Brazil, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.70 199.95 Td (Canada, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.93 199.95 Td (Japan, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.60 199.95 Td (Hong ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.06 199.95 Td (Kong, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.14 199.95 Td (Ireland, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.35 Td (Singapore, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.94 187.35 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.62 187.35 Td (aiwan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.10 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.68 187.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.92 187.35 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.91 187.35 Td (Kingdom. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.61 187.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.85 187.35 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.33 187.35 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.33 187.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.56 187.35 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.71 187.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.29 187.35 Td (extensive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.36 187.35 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.34 187.35 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.66 187.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.90 187.35 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.56 187.35 Td (of, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 187.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.97 174.75 Td (supervision ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.68 174.75 Td (by) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.50 174.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.42 174.75 Td (governmental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.45 174.75 Td (authorities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.07 174.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.53 174.75 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.98 174.75 Td (agencies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.42 174.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.89 174.75 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.42 174.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.47 174.75 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.34 174.75 Td (jurisdictions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.18 174.75 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.14 174.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.76 174.75 Td (Australian ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (Securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.99 162.15 Td (& ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.24 162.15 Td (Investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.07 162.15 Td (Commission ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.25 162.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.58 162.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.98 162.15 Td (Australian ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.80 162.15 Td (businesses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.84 162.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 359.76 162.15 Td (Comiss�o ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 404.26 162.15 Td (de ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 417.03 162.15 Td (V) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 423.45 162.15 Td (alores ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 451.61 162.15 Td (Mobili�rios ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 503.69 162.15 Td (for ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 519.02 162.15 Td (Brazilian ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 49.50 149.55 Td (business, ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 90.26 149.55 Td (the ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 105.64 149.55 Td (Ontario ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 140.27 149.55 Td (Securities ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 184.23 149.55 Td (Commission ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 239.88 149.55 Td (in ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 250.60 149.55 Td (Canada ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 284.63 149.55 Td (for ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 299.43 149.55 Td (our ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 315.98 149.55 Td (Canadian ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 358.18 149.55 Td (business, ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 398.95 149.55 Td (the ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 414.33 149.55 Td (Financial ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 455.95 149.55 Td (Services ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 493.51 149.55 Td (Agency ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 528.72 149.55 Td (for ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 543.51 149.55 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 49.50 136.95 Td (Japanese ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 89.87 136.95 Td (business, ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 131.13 136.95 Td (the ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 147.02 136.95 Td (Securities ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 191.48 136.95 Td (Futures ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 226.03 136.95 Td (Commission ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 282.18 136.95 Td (for ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 297.48 136.95 Td (our ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 314.53 136.95 Td (Hong ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 340.91 136.95 Td (Kong ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 367.30 136.95 Td (business, ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 408.56 136.95 Td (the ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 424.45 136.95 Td (Central ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 458.40 136.95 Td (Bank ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 483.62 136.95 Td (of ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 495.42 136.95 Td (Ireland ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 528.21 136.95 Td (for ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 543.50 136.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 49.50 124.35 Td (Irish ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 71.79 124.35 Td (business, ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 113.05 124.35 Td (the ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 128.92 124.35 Td (Monetary ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 172.12 124.35 Td (Authority ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 216.00 124.35 Td (of ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 227.79 124.35 Td (Singapore ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 273.41 124.35 Td (for ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 288.70 124.35 Td (our ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 305.74 124.35 Td (Singapore ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 351.36 124.35 Td (business, ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 392.62 124.35 Td (the ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 408.49 124.35 Td (Financial ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 450.61 124.35 Td (Supervisory ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 504.40 124.35 Td (Commission ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 49.50 111.75 Td (for ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 64.35 111.75 Td (our ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 80.77 111.75 Td (T) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 86.45 111.75 Td (aiwan ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 114.14 111.75 Td (business ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 152.33 111.75 Td (and ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 170.11 111.75 Td (the ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 185.54 111.75 Td (Financial ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 227.23 111.75 Td (Conduct ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 264.85 111.75 Td (Authority ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 308.29 111.75 Td (for ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 323.14 111.75 Td (our ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 339.75 111.75 Td (UK ) Tj ET Q
q 0.09019607843137255 0.1607843137254902 0.2196078431372549 rg BT 357.53 111.75 Td (business) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.11 111.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.35 111.75 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.29 111.75 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.97 111.75 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.16 111.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.59 111.75 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (authorized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.21 99.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.35 99.15 Td (licensed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.15 99.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.71 99.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.27 99.15 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.31 99.15 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.95 99.15 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.51 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.06 99.15 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.28 99.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.84 99.15 Td (several ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.96 99.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.93 99.15 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.82 99.15 Td (around ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.37 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.59 99.15 Td (world, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.11 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.66 99.15 Td (thus ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.56 99.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.77 99.15 Td (subject ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.29 86.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.75 86.55 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.62 86.55 Td (of, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.61 86.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.40 86.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.19 86.55 Td (supervision ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.23 86.55 Td (by) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.05 86.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.30 86.55 Td (governmental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.66 86.55 Td (authorities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.61 86.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.40 86.55 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.60 86.55 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.22 86.55 Td (countries.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 61.35 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.05 61.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.61 61.35 Td (fshore ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.08 61.35 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.95 61.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.51 61.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.55 61.35 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.69 61.35 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.66 61.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.05 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.10 61.35 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.58 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.96 61.35 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.34 61.35 Td (bodies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.98 61.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.95 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.00 61.35 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.14 61.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.54 61.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.42 61.35 Td (they ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.89 48.75 Td (domiciled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.44 48.75 Td (and, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.80 48.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.61 48.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.51 48.75 Td (listed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.82 48.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.89 48.75 Td (exchanges, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.81 48.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.55 48.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.94 48.75 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.92 48.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.24 48.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.63 48.75 Td (applicable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.34 48.75 Td (exchanges. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.27 48.75 Td (Certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.74 48.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.05 48.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.62 48.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.52 48.75 Td (domiciled ) Tj ET Q
endstream
endobj
37 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 38 0 R>>
endobj
38 0 obj
<</Length 68837>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (16) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.32 741.75 Td (Ireland ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.71 741.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.19 741.75 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.76 741.75 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.81 741.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.71 741.75 Td (public ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.61 741.75 Td (sale ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.60 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.42 741.75 Td (several ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.81 741.75 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.96 741.75 Td (around ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.77 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.25 741.75 Td (world ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.41 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.23 741.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.70 741.75 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.10 741.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.92 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.41 741.75 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.31 741.75 Td (of, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 741.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (supervision ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.63 729.15 Td (by) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.45 729.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.80 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.34 729.15 Td (governmental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.79 729.15 Td (authorities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.84 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.30 729.15 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.18 729.15 Td (countries. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.42 729.15 Td (All ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.55 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.02 729.15 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.31 729.15 Td (non-U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.95 729.15 Td (governmental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.40 729.15 Td (authorities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.44 729.15 Td (generally ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.54 716.55 Td (broad ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.67 716.55 Td (supervisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.88 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.26 716.55 Td (disciplinary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.05 716.55 Td (powers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.22 716.55 Td (including, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.73 716.55 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.53 716.55 Td (others, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.03 716.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.08 716.55 Td (power ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.54 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.92 716.55 Td (set ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.81 716.55 Td (minimum ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.86 716.55 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.06 716.55 Td (requirements, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.63 703.95 Td (temporarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.57 703.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.28 703.95 Td (permanently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.72 703.95 Td (revoke ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.24 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.03 703.95 Td (authorization ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.39 703.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.52 703.95 Td (carry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.04 703.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.50 703.95 Td (regulated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.52 703.95 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.70 703.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.82 703.95 Td (suspend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.62 703.95 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.97 703.95 Td (employees, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 691.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.08 691.35 Td (invoke ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.28 691.35 Td (censures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.06 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.84 691.35 Td (fines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.88 691.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.75 691.35 Td (both ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.04 691.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.49 691.35 Td (regulated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.18 691.35 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.39 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.18 691.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.73 691.35 Td (registered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.75 691.35 Td (employees.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 666.15 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.26 666.15 Td (European ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.92 666.15 Td (businesses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.31 666.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.49 666.15 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.00 666.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.17 666.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.60 666.15 Td (Irish ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.28 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.87 666.15 Td (UK ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.47 666.15 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.54 666.15 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.93 666.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.18 666.15 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.35 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.95 666.15 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.79 666.15 Td (EU ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.22 666.15 Td (regulations, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.15 653.55 Td (mainly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.31 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.13 653.55 Td (Markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.53 653.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.69 653.55 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.75 653.55 Td (Instruments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.33 653.55 Td (Directive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.38 653.55 Td (\(�MiFID�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.49 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.65 653.55 Td (Alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.87 653.55 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.52 653.55 Td (Fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.10 653.55 Td (Managers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (Directive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.10 640.95 Td (\(�AIFMD�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.79 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.48 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.85 640.95 Td (Undertaking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.87 640.95 Td (For ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.99 640.95 Td (Collective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.68 640.95 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.87 640.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.25 640.95 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.29 640.95 Td (ransferable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.46 640.95 Td (Securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.41 640.95 Td (Directive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.00 640.95 Td (\(�UCITS ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (Directive�\).) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 603.15 Td (MiFID) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 577.95 Td (Certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.56 577.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.46 577.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.61 577.95 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.34 577.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.24 577.95 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.47 577.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.70 577.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.67 577.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.99 577.95 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.56 577.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.88 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.86 577.95 Td (EEA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.69 577.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.84 577.95 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.42 577.95 Td (comply ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.07 577.95 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.89 577.95 Td (MiFID, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.84 577.95 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (regulates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.35 565.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.13 565.35 Td (provision ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.74 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.44 565.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.47 565.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.23 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.34 565.35 Td (activities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.20 565.35 Td (throughout ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.23 565.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.01 565.35 Td (EEA. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.99 565.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.94 565.35 Td (MiFID ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.06 565.35 Td (originally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.84 565.35 Td (became ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.85 565.35 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.82 565.35 Td (fective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 565.35 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (2007 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.19 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.05 552.75 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.67 552.75 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.69 552.75 Td (enhanced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.03 552.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.38 552.75 Td (adoption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.82 552.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.27 552.75 Td (MiFID ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.13 552.75 Td (II, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.45 552.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.80 552.75 Td (became ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.56 552.75 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.52 552.75 Td (fective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.78 552.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.64 552.75 Td (January ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.99 552.75 Td (2018. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.31 552.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.01 552.75 Td (MiFID ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.87 552.75 Td (II) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 511.87 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 514.56 552.75 Td (built ) Tj ET Q
q 0 0 0 rg BT 536.51 552.75 Td (upon ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (many ) Tj ET Q
q 0 0 0 rg BT 75.30 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 86.52 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 101.82 540.15 Td (initiatives ) Tj ET Q
q 0 0 0 rg BT 145.71 540.15 Td (introduced ) Tj ET Q
q 0 0 0 rg BT 193.08 540.15 Td (through ) Tj ET Q
q 0 0 0 rg BT 228.22 540.15 Td (MiFID ) Tj ET Q
q 0 0 0 rg BT 259.86 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 277.50 540.15 Td (introduced ) Tj ET Q
q 0 0 0 rg BT 324.87 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 332.01 540.15 Td (number ) Tj ET Q
q 0 0 0 rg BT 366.55 540.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.77 540.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.06 540.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.28 540.15 Td (significantly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.25 540.15 Td (impacted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.20 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.50 540.15 Td (EU ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.03 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.07 527.55 Td (derivatives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.02 527.55 Td (markets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.76 527.55 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.30 527.55 Td (\(i\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.09 527.55 Td (enhanced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.61 527.55 Td (investor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.32 527.55 Td (protection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.77 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.81 527.55 Td (governance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.08 527.55 Td (standards, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.24 527.55 Td (\(ii\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.95 527.55 Td (prescriptive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.80 514.95 Td (regarding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.91 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.63 514.95 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.34 514.95 Td (o) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 162.59 514.95 Td (f ) Tj ET Q
q 0 0 0 rg BT 167.97 514.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 190.27 514.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 245.80 514.95 Td (firms ) Tj ET Q
q 0 0 0 rg BT 269.85 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 271.74 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 281.79 514.95 Td (receive ) Tj ET Q
q 0 0 0 rg BT 313.98 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 331.03 514.95 Td (pay ) Tj ET Q
q 0 0 0 rg BT 348.07 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 362.20 514.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 410.16 514.95 Td (research ) Tj ET Q
q 0 0 0 rg BT 447.02 514.95 Td (relating ) Tj ET Q
q 0 0 0 rg BT 480.98 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 491.03 514.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 503.41 514.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 525.71 514.95 Td (classes, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (\(iii\) ) Tj ET Q
q 0 0 0 rg BT 68.50 502.35 Td (rules ) Tj ET Q
q 0 0 0 rg BT 92.17 502.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 105.93 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.01 502.35 Td (identification ) Tj ET Q
q 0 0 0 rg BT 181.25 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.67 502.35 Td (monitoring ) Tj ET Q
q 0 0 0 rg BT 249.59 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 261.60 502.35 Td (tar) Tj ET Q
q 0 0 0 rg BT 272.48 502.35 Td (get ) Tj ET Q
q 0 0 0 rg BT 288.57 502.35 Td (markets ) Tj ET Q
q 0 0 0 rg BT 325.06 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 340.56 502.35 Td (MiFID ) Tj ET Q
q 0 0 0 rg BT 372.99 502.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 412.98 502.35 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 465.24 502.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 478.99 502.35 Td (MiFID ) Tj ET Q
q 0 0 0 rg BT 511.42 502.35 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (firms ) Tj ET Q
q 0 0 0 rg BT 76.72 489.75 Td (who ) Tj ET Q
q 0 0 0 rg BT 99.87 489.75 Td (manufacture ) Tj ET Q
q 0 0 0 rg BT 157.40 489.75 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 189.28 489.75 Td (distribute ) Tj ET Q
q 0 0 0 rg BT 234.00 489.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 258.31 489.75 Td (instruments, ) Tj ET Q
q 0 0 0 rg BT 314.99 489.75 Td (\(iv\)�enhanced ) Tj ET Q
q 0 0 0 rg BT 377.48 489.75 Td (regulation ) Tj ET Q
q 0 0 0 rg BT 425.11 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 438.91 489.75 Td (algorithmic ) Tj ET Q
q 0 0 0 rg BT 492.38 489.75 Td (trading, ) Tj ET Q
q 0 0 0 rg BT 529.81 489.75 Td (\(v\)�the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (movement ) Tj ET Q
q 0 0 0 rg BT 95.93 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.79 477.15 Td (trading ) Tj ET Q
q 0 0 0 rg BT 138.65 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 148.92 477.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 179.60 477.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 207.95 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 225.22 477.15 Td (derivatives ) Tj ET Q
q 0 0 0 rg BT 273.40 477.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 286.01 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 296.29 477.15 Td (regulated ) Tj ET Q
q 0 0 0 rg BT 337.46 477.15 Td (execution ) Tj ET Q
q 0 0 0 rg BT 380.39 477.15 Td (venues, ) Tj ET Q
q 0 0 0 rg BT 414.28 477.15 Td (\(vi\)�the ) Tj ET Q
q 0 0 0 rg BT 447.01 477.15 Td (extension ) Tj ET Q
q 0 0 0 rg BT 489.36 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.22 477.15 Td (pre- ) Tj ET Q
q 0 0 0 rg BT 519.23 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 536.51 477.15 Td (post-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (trade ) Tj ET Q
q 0 0 0 rg BT 72.94 464.55 Td (transparency ) Tj ET Q
q 0 0 0 rg BT 129.04 464.55 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 186.31 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 196.93 464.55 Td (wider ) Tj ET Q
q 0 0 0 rg BT 223.29 464.55 Td (categories ) Tj ET Q
q 0 0 0 rg BT 268.31 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 279.51 464.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 318.70 464.55 Td (instruments, ) Tj ET Q
q 0 0 0 rg BT 372.78 464.55 Td (\(vii\)�restrictions ) Tj ET Q
q 0 0 0 rg BT 442.60 464.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 455.55 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.84 464.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 487.29 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 498.49 464.55 Td (so-called ) Tj ET Q
q 0 0 0 rg BT 538.85 464.55 Td (dark ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (pool ) Tj ET Q
q 0 0 0 rg BT 70.03 451.95 Td (trading, ) Tj ET Q
q 0 0 0 rg BT 104.25 451.95 Td (\(viii\)�the ) Tj ET Q
q 0 0 0 rg BT 142.56 451.95 Td (creation ) Tj ET Q
q 0 0 0 rg BT 178.23 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 188.84 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 195.35 451.95 Td (new ) Tj ET Q
q 0 0 0 rg BT 214.71 451.95 Td (type ) Tj ET Q
q 0 0 0 rg BT 234.64 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 245.25 451.95 Td (trading ) Tj ET Q
q 0 0 0 rg BT 276.85 451.95 Td (venue ) Tj ET Q
q 0 0 0 rg BT 303.78 451.95 Td (called ) Tj ET Q
q 0 0 0 rg BT 330.70 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 345.39 451.95 Td (Or) Tj ET Q
q 0 0 0 rg BT 356.28 451.95 Td (ganized ) Tj ET Q
q 0 0 0 rg BT 390.65 451.95 Td (T) Tj ET Q
q 0 0 0 rg BT 396.70 451.95 Td (rading ) Tj ET Q
q 0 0 0 rg BT 425.38 451.95 Td (Facility ) Tj ET Q
q 0 0 0 rg BT 459.32 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 473.42 451.95 Td (non-equity ) Tj ET Q
q 0 0 0 rg BT 520.77 451.95 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (instruments, ) Tj ET Q
q 0 0 0 rg BT 103.00 439.35 Td (\(ix\)�new ) Tj ET Q
q 0 0 0 rg BT 140.16 439.35 Td (commodity ) Tj ET Q
q 0 0 0 rg BT 189.86 439.35 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 233.72 439.35 Td (position ) Tj ET Q
q 0 0 0 rg BT 269.44 439.35 Td (limits ) Tj ET Q
q 0 0 0 rg BT 295.24 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.27 439.35 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 352.64 439.35 Td (requirements, ) Tj ET Q
q 0 0 0 rg BT 411.96 439.35 Td (\(x\)�a ) Tj ET Q
q 0 0 0 rg BT 433.36 439.35 Td (move ) Tj ET Q
q 0 0 0 rg BT 458.56 439.35 Td (away ) Tj ET Q
q 0 0 0 rg BT 482.60 439.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 504.88 439.35 Td (vertical ) Tj ET Q
q 0 0 0 rg BT 538.24 439.35 Td (silos ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.06 426.75 Td (execution, ) Tj ET Q
q 0 0 0 rg BT 105.90 426.75 Td (clearing ) Tj ET Q
q 0 0 0 rg BT 142.11 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 159.66 426.75 Td (settlement, ) Tj ET Q
q 0 0 0 rg BT 207.84 426.75 Td (\(xi\)�an ) Tj ET Q
q 0 0 0 rg BT 237.93 426.75 Td (enhanced ) Tj ET Q
q 0 0 0 rg BT 279.96 426.75 Td (role ) Tj ET Q
q 0 0 0 rg BT 298.68 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 313.32 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 328.54 426.75 Td (European ) Tj ET Q
q 0 0 0 rg BT 371.17 426.75 Td (Securities ) Tj ET Q
q 0 0 0 rg BT 414.97 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 432.53 426.75 Td (Markets ) Tj ET Q
q 0 0 0 rg BT 468.80 426.75 Td (Authority ) Tj ET Q
q 0 0 0 rg BT 512.03 426.75 Td (\(�ESMA�\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.37 414.15 Td (supervising ) Tj ET Q
q 0 0 0 rg BT 109.49 414.15 Td (EU ) Tj ET Q
q 0 0 0 rg BT 125.20 414.15 Td (securities ) Tj ET Q
q 0 0 0 rg BT 166.56 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 183.42 414.15 Td (derivatives ) Tj ET Q
q 0 0 0 rg BT 231.20 414.15 Td (markets ) Tj ET Q
q 0 0 0 rg BT 266.14 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 283.01 414.15 Td (\(xii\)�new ) Tj ET Q
q 0 0 0 rg BT 322.91 414.15 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 379.43 414.15 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 421.37 414.15 Td (non-EU ) Tj ET Q
q 0 0 0 rg BT 456.32 414.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 504.10 414.15 Td (firms�) Tj ET Q
q 0 0 0 rg BT 528.99 414.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 530.69 414.15 Td (access ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.04 401.55 Td (EU ) Tj ET Q
q 0 0 0 rg BT 76.41 401.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 115.51 401.55 Td (market. ) Tj ET Q
q 0 0 0 rg BT 149.66 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 152.03 401.55 Td (Compliance ) Tj ET Q
q 0 0 0 rg BT 205.14 401.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 226.18 401.55 Td (MiFID ) Tj ET Q
q 0 0 0 rg BT 257.72 401.55 Td (II ) Tj ET Q
q 0 0 0 rg BT 267.09 401.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 283.45 401.55 Td (increased ) Tj ET Q
q 0 0 0 rg BT 325.47 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.67 401.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 364.04 401.55 Td (some ) Tj ET Q
q 0 0 0 rg BT 388.57 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 399.69 401.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 416.06 401.55 Td (af) Tj ET Q
q 0 0 0 rg BT 424.03 401.55 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 457.60 401.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 468.72 401.55 Td (they ) Tj ET Q
q 0 0 0 rg BT 489.17 401.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 511.36 401.55 Td (had ) Tj ET Q
q 0 0 0 rg BT 528.89 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 539.43 401.55 Td (start ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (paying ) Tj ET Q
q 0 0 0 rg BT 80.70 388.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 95.57 388.95 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 143.10 388.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 191.80 388.95 Td (research ) Tj ET Q
q 0 0 0 rg BT 229.40 388.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 240.19 388.95 Td (comply ) Tj ET Q
q 0 0 0 rg BT 274.31 388.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 295.60 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 311.06 388.95 Td (MiFID ) Tj ET Q
q 0 0 0 rg BT 342.86 388.95 Td (II ) Tj ET Q
q 0 0 0 rg BT 352.47 388.95 Td (inducement ) Tj ET Q
q 0 0 0 rg BT 404.08 388.95 Td (rules.) Tj ET Q
BT /F5 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 363.75 Td (Alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.78 363.75 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.89 363.75 Td (Fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.67 363.75 Td (Managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.88 363.75 Td (Dir) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.08 363.75 Td (ective) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.95 338.55 Td (AIFMD ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.24 338.55 Td (regulates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.59 338.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.27 338.55 Td (of, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.10 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.71 338.55 Td (service ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.89 338.55 Td (providers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.00 338.55 Td (to, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.24 338.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.35 338.55 Td (broad ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.71 338.55 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.47 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.67 338.55 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.43 338.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.96 338.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.74 338.55 Td (\(�AIFs�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.51 338.55 Td (domiciled ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (within ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.04 325.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.91 325.95 Td (\(depending ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.85 325.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.06 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.59 325.95 Td (precise ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.03 325.95 Td (circumstances\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.71 325.95 Td (outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.75 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.29 325.95 Td (EU. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.42 325.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.86 325.95 Td (AIFMD ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.40 325.95 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.02 325.95 Td (regulates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.63 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.17 325.95 Td (marketing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.44 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.90 325.95 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.50 325.95 Td (AIFs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (inside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.16 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 313.35 Td (EEA. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.18 313.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.50 313.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.62 313.35 Td (AIFMD�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.37 313.35 Td (s ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 188.04 313.35 Td (scope ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 215.52 313.35 Td (is ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 226.11 313.35 Td (broad ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 253.59 313.35 Td (and, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 274.96 313.35 Td (with ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 297.20 313.35 Td (a ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 305.44 313.35 Td (few ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 324.76 313.35 Td (exceptions, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 375.87 313.35 Td (covers ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 406.85 313.35 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 423.26 313.35 Td (management, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 483.11 313.35 Td (administration ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 547.34 313.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 300.75 Td (marketing ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 94.11 300.75 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 104.45 300.75 Td (AIFs. ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 130.12 300.75 Td ( ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 132.15 300.75 Td (In ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 142.94 300.75 Td (particular) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 182.75 300.75 Td (, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 187.41 300.75 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 201.83 300.75 Td (AIFMD ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 237.71 300.75 Td (introduced ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 284.65 300.75 Td (new ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 304.18 300.75 Td (rules ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 326.63 300.75 Td (governing ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 371.25 300.75 Td (\(1\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 385.53 300.75 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 400.39 300.75 Td (registration ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 450.25 300.75 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 467.45 300.75 Td (licensing ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 507.40 300.75 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 518.19 300.75 Td (alternative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 288.15 Td (investment ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 97.20 288.15 Td (fund ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 118.06 288.15 Td (managers ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 159.92 288.15 Td (\(�AIFMs�\), ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 210.82 288.15 Td (\(2\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 224.68 288.15 Td (conduct ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 259.54 288.15 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 269.91 288.15 Td (business ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 307.12 288.15 Td (\(fair ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 326.80 288.15 Td (treatment ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 368.07 288.15 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 378.44 288.15 Td (investors, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 420.60 288.15 Td (conflicts ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 458.38 288.15 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 468.74 288.15 Td (interest, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 503.89 288.15 Td (remuneration, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 275.55 Td (risk ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 66.72 275.55 Td (management, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 124.46 275.55 Td (valuation, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 167.62 275.55 Td (disclosure ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 211.67 275.55 Td (to ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 221.30 275.55 Td (investors ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 260.68 275.55 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 277.31 275.55 Td (regulators\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 324.26 275.55 Td (for ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 337.65 275.55 Td (AIFMs, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 372.08 275.55 Td (\(3\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 385.80 275.55 Td (regulatory ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 430.41 275.55 Td (capital ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 459.87 275.55 Td (requirements ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 516.15 275.55 Td (for ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 529.53 275.55 Td (AIFMs, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 262.95 Td (\(4\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 63.90 262.95 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 78.89 262.95 Td (safekeeping ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 131.19 262.95 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 142.10 262.95 Td (investments ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 194.42 262.95 Td (\(via ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 212.90 262.95 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 227.89 262.95 Td (mandatory ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 274.95 262.95 Td (appointment ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 329.60 262.95 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 340.51 262.95 Td (depositaries ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 392.82 262.95 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 410.14 262.95 Td (custodians\), ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 462.75 262.95 Td (\(5\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 477.15 262.95 Td (delegation ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 523.04 262.95 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 533.95 262.95 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 250.35 Td (tasks, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 75.51 250.35 Td (including ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 117.56 250.35 Td (portfolio ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 156.70 250.35 Td (management ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 212.73 250.35 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 230.28 250.35 Td (risk ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 248.42 250.35 Td (management, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 307.07 250.35 Td (\(6\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 321.71 250.35 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 336.92 250.35 Td (marketing ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 381.88 250.35 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 392.49 250.35 Td (AIFs ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 415.88 250.35 Td (to ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 426.44 250.35 Td (professional ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 480.15 250.35 Td (investors ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 520.45 250.35 Td (within ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 549.67 250.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 237.75 Td (EEA) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 69.33 237.75 Td ( ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 71.96 237.75 Td (via ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 87.41 237.75 Td (a ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 94.70 237.75 Td (passport ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 132.32 237.75 Td (regime, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 166.72 237.75 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 184.51 237.75 Td (\(7\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 199.37 237.75 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 214.83 237.75 Td (use ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 231.45 237.75 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 242.82 237.75 Td (leverage ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 281.00 237.75 Td (by ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 293.55 237.75 Td (AIFMs ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 326.52 237.75 Td (for ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 341.38 237.75 Td (all ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 353.93 237.75 Td (AIFs ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 377.56 237.75 Td (under ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 404.09 237.75 Td (management.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 212.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 212.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.50 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.93 212.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.19 212.55 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.16 212.55 Td (filiates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.00 212.55 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.16 212.55 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.33 212.55 Td (licensed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.28 212.55 Td (AIFMs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.89 212.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.32 212.55 Td (Ireland, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.95 212.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.04 212.55 Td (UK ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.47 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.90 212.55 Td (France. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.36 212.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.39 212.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.46 212.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.39 212.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.48 212.55 Td (incurred, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 212.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (expect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.39 199.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.05 199.95 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.69 199.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.35 199.95 Td (incur) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.51 199.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.62 199.95 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.10 199.95 Td (expenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.50 199.95 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.55 199.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.21 199.95 Td (satisfying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.53 199.95 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.60 199.95 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.58 199.95 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.47 199.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.12 199.95 Td (disclosure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.18 199.95 Td (obligations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 199.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.95 187.35 Td (associated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.73 187.35 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.10 187.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.37 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.16 187.35 Td (reporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.27 187.35 Td (requirements.) Tj ET Q
BT /F5 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 162.15 Td (Undertakings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.29 162.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.17 162.15 Td (Collective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.36 162.15 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.46 162.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.26 162.15 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.52 162.15 Td (ransferable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.56 162.15 Td (Securities) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 136.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 136.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.99 136.95 Td (UCITS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.50 136.95 Td (Directive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.73 136.95 Td (established ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.56 136.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.39 136.95 Td (single ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.64 136.95 Td (EU-wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.71 136.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.03 136.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.44 136.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.44 136.95 Td (sale ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.93 136.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.85 136.95 Td (EU ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.01 136.95 Td (domiciled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.17 136.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.50 136.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.01 136.95 Td (\(�UCITS ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (funds�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.75 124.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.68 124.35 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.02 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.94 124.35 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.87 124.35 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.55 124.35 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.22 124.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.64 124.35 Td (common, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.78 124.35 Td (harmonized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.10 124.35 Td (set ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.53 124.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.04 124.35 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.21 124.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.72 124.35 Td (govern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.64 124.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.23 124.35 Td (management, ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 111.75 Td (administration ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 112.94 111.75 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 130.89 111.75 Td (marketing ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 176.25 111.75 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 187.78 111.75 Td (UCITS ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 220.90 111.75 Td (funds. ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 249.64 111.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.23 111.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.30 111.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.74 111.75 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.43 111.75 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.11 111.75 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.54 111.75 Td (UCITS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.66 111.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.78 111.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.73 111.75 Td (Ireland ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.25 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.19 111.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.81 111.75 Td (UK ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.76 111.75 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.94 99.15 Td (authorized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.88 99.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.01 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.46 99.15 Td (Central ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.99 99.15 Td (Bank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.78 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.15 99.15 Td (Ireland ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.51 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.29 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.75 99.15 Td (UK�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.83 99.15 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.54 99.15 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.24 99.15 Td (Conduct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.87 99.15 Td (Authority) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.02 99.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.27 99.15 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.32 99.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 73.95 Td (T) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 91.91 73.95 Td (he ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 106.15 73.95 Td (UCITS ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 140.82 73.95 Td (Directive ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 184.21 73.95 Td (established ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 235.20 73.95 Td (rules ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 259.94 73.95 Td (that ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 280.02 73.95 Td (govern ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 313.50 73.95 Td (\(1\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 330.08 73.95 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 347.23 73.95 Td (registration ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 399.38 73.95 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 418.88 73.95 Td (licensing ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 461.11 73.95 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 474.19 73.95 Td (UCITS ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 508.86 73.95 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 61.35 Td (companies ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 97.34 61.35 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 115.44 61.35 Td (UCITS ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 148.72 61.35 Td (funds, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 177.62 61.35 Td (\(2\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 192.80 61.35 Td (conduct ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 228.98 61.35 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 240.67 61.35 Td (business ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 279.20 61.35 Td (\(fair ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 300.21 61.35 Td (treatment ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 342.80 61.35 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 354.48 61.35 Td (investors, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 397.96 61.35 Td (conflicts ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 437.06 61.35 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 448.75 61.35 Td (interest, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 485.22 61.35 Td (remuneration, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 546.76 61.35 Td (risk ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 48.75 Td (management, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 108.61 48.75 Td (valuation, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 153.15 48.75 Td (disclosure ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 198.57 48.75 Td (to ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 209.57 48.75 Td (investors ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 250.33 48.75 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 268.33 48.75 Td (regulators\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 316.65 48.75 Td (for ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 331.74 48.75 Td (UCITS, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 367.54 48.75 Td (\(3\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 382.62 48.75 Td (regulatory ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 428.61 48.75 Td (capital ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 459.44 48.75 Td (requirements ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 517.09 48.75 Td (for ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 532.17 48.75 Td (UCITS ) Tj ET Q
endstream
endobj
39 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 40 0 R>>
endobj
40 0 obj
<</Length 49532>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (17) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 741.75 Td (management ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 106.38 741.75 Td (companies, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 157.14 741.75 Td (\(4\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 172.61 741.75 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 188.67 741.75 Td (custody ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 224.57 741.75 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 242.96 741.75 Td (safekeeping ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 296.34 741.75 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 308.32 741.75 Td (investments ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 361.72 741.75 Td (held ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 383.03 741.75 Td (by ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 396.76 741.75 Td (UCITS ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 430.33 741.75 Td (funds, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 459.52 741.75 Td (\(5\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 474.99 741.75 Td (delegation ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 521.96 741.75 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 533.94 741.75 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 729.15 Td (tasks, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 75.15 729.15 Td (including ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 116.84 729.15 Td (portfolio ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 155.62 729.15 Td (management ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 211.29 729.15 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 228.48 729.15 Td (risk ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 246.26 729.15 Td (management, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 304.56 729.15 Td (\(6\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 318.83 729.15 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 333.68 729.15 Td (marketing ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 378.28 729.15 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 389.06 729.15 Td (UCITS ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 421.42 729.15 Td (to ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 431.62 729.15 Td (retail ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 455.21 729.15 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 472.40 729.15 Td (institutional ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 524.60 729.15 Td (investors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 49.50 716.55 Td (within ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 78.96 716.55 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 94.41 716.55 Td (EEA) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 114.25 716.55 Td ( ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 116.87 716.55 Td (via ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 132.32 716.55 Td (a ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 139.61 716.55 Td (passport ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 177.23 716.55 Td (notification ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 228.26 716.55 Td (regime, ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 262.66 716.55 Td (and ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 280.45 716.55 Td (\(7\) ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 295.32 716.55 Td (the ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 310.77 716.55 Td (use ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 327.39 716.55 Td (of ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 338.77 716.55 Td (leverage ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 376.95 716.55 Td (by ) Tj ET Q
q 0.24705882352941178 0.24705882352941178 0.24705882352941178 rg BT 390.07 716.55 Td (UCITS.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 691.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 691.35 Td (UCITS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.89 691.35 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.12 691.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.04 691.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.99 691.35 Td (came ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.44 691.35 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.06 691.35 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.03 691.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.06 691.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.52 691.35 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.22 691.35 Td (2016 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.51 691.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.47 691.35 Td (further ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.33 691.35 Td (measures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.69 691.35 Td (implemented ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.81 691.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.27 691.35 Td (October ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.38 691.35 Td (2016, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.30 691.35 Td (seeks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.33 691.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (align ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.30 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.94 678.75 Td (depositary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.48 678.75 Td (regime, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.06 678.75 Td (remuneration ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.85 678.75 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.06 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.03 678.75 Td (sanctioning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.25 678.75 Td (powers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.38 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.93 678.75 Td (regulators ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.72 678.75 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.43 678.75 Td (UCITS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.58 678.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.05 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.68 678.75 Td (requirements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.30 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.73 666.15 Td (AIFMD. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.25 666.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.06 666.15 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.15 666.15 Td (ESMA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.74 666.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.80 666.15 Td (guidelines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.02 666.15 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.98 666.15 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.45 666.15 Td (relating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.57 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.80 666.15 Td (collateral ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.91 666.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.61 666.15 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.48 666.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.78 666.15 Td (UCITS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.18 666.15 Td (funds ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (concerning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.05 653.55 Td (collateral ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.02 653.55 Td (received ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.48 653.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.55 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.28 653.55 Td (context ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.10 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.75 653.55 Td (derivatives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.72 653.55 Td (using ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.38 653.55 Td (Ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.10 653.55 Td (ficient ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.83 653.55 Td (Portfolio ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.07 653.55 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.79 653.55 Td (\(�EPM�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.60 653.55 Td (techniques ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.15 640.95 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.29 640.95 Td (lending\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.77 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.41 640.95 Td (over) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.86 640.95 Td (-the-counter ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.65 640.95 Td (derivative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.12 640.95 Td (transactions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.28 640.95 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.84 640.95 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.74 640.95 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.21 640.95 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.03 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.68 640.95 Td (make ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.91 640.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.06 640.95 Td (series ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.45 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.68 640.95 Td (changes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.15 628.35 Td (collateral ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.69 628.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.81 628.35 Td (arrangements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.85 628.35 Td (applicable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.48 628.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.12 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.43 628.35 Td (EPM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.50 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.73 628.35 Td (UCITS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.55 628.35 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.27 628.35 Td (ranges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.16 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.80 628.35 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.60 628.35 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.42 628.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.06 628.35 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.12 628.35 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.59 628.35 Td (expenses ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (associated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.28 615.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.57 615.75 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.94 615.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.21 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.00 615.75 Td (reporting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.11 615.75 Td (requirements.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 590.55 Td (Net Capital Requirements) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 565.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 565.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.76 565.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.11 565.35 Td (several ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.37 565.35 Td (small, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.27 565.35 Td (non-clearing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.86 565.35 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.06 565.35 Td (-dealer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.73 565.35 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.84 565.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.11 565.35 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.71 565.35 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.91 565.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.43 565.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.29 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.98 565.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.09 565.35 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.55 552.75 Td (products. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.49 552.75 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.96 552.75 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.15 552.75 Td (-dealer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.70 552.75 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.68 552.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.89 552.75 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.04 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.60 552.75 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.83 552.75 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.22 552.75 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.03 552.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.18 552.75 Td (mandate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.14 552.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.29 552.75 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.77 552.75 Td (maintain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.32 540.15 Td (levels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.07 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.08 540.15 Td (capital. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.95 540.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.95 540.15 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.25 540.15 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.07 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.07 540.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.33 540.15 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.17 540.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.17 540.15 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.32 540.15 Td (outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.91 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.00 540.15 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.84 540.15 Td (States ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.18 540.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.25 540.15 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.26 540.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 540.15 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.78 527.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.82 527.55 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.70 527.55 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.81 527.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.28 527.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.40 527.55 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.61 527.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.08 527.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.03 527.55 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.41 527.55 Td (operate. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.22 527.55 Td (For ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.10 527.55 Td (example, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.59 527.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.05 527.55 Td (addition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.76 527.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.23 527.55 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 527.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.47 514.95 Td (jurisdictions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.41 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.80 514.95 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.78 514.95 Td (Kingdom-based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.25 514.95 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.22 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.78 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.17 514.95 Td (Singapore-based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.55 514.95 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.53 514.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.74 514.95 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.88 514.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.44 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.67 514.95 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.11 502.35 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.55 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.92 502.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.37 502.35 Td (FCA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.22 502.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.84 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.63 502.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.08 502.35 Td (Monetary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.95 502.35 Td (Authority ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.41 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.78 502.35 Td (Singapore, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.60 502.35 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.65 502.35 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 477.15 Td (Additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.64 477.15 Td (Information) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 451.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 105.86 451.95 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 129.15 451.95 Td (maintains ) Tj ET Q
q 0 0 0 rg BT 174.01 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 182.71 451.95 Td (website ) Tj ET Q
q 0 0 0 rg BT 218.81 451.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 238.59 451.95 Td (contains ) Tj ET Q
q 0 0 0 rg BT 277.62 451.95 Td (reports, ) Tj ET Q
q 0 0 0 rg BT 313.44 451.95 Td (proxy ) Tj ET Q
q 0 0 0 rg BT 341.97 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 361.16 451.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 414.77 451.95 Td (statements ) Tj ET Q
q 0 0 0 rg BT 463.13 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 482.32 451.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 507.93 451.95 Td (information ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 96.37 439.35 Td (issuers ) Tj ET Q
q 0 0 0 rg BT 131.59 439.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 156.89 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.35 439.35 Td (SEC, ) Tj ET Q
q 0 0 0 rg BT 204.87 439.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 219.08 439.35 Td (www) Tj ET Q
q 0 0 0 rg BT 241.15 439.35 Td (.sec.gov) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.88 439.35 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.66 439.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.73 439.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.02 439.35 Td (make ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.40 439.35 Td (available, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.55 439.35 Td (free ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.50 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.88 439.35 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.76 439.35 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.31 439.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.44 439.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.08 439.35 Td (website, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.41 439.35 Td (http://) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (www) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.57 426.75 Td (.leggmason.com, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.23 426.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.45 426.75 Td (annual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.66 426.75 Td (reports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.04 426.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.76 426.75 Td (Form ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.73 426.75 Td (10-K, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.16 426.75 Td (quarterly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.28 426.75 Td (reports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.65 426.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.37 426.75 Td (Form ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.35 426.75 Td (10-Q, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.77 426.75 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.72 426.75 Td (reports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.10 426.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.82 426.75 Td (Form ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.80 426.75 Td (8-K ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 426.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.15 Td (amendments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.18 414.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.96 414.15 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.74 414.15 Td (reports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.51 414.15 Td (filed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.36 414.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.72 414.15 Td (furnished ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.99 414.15 Td (pursuant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.77 414.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.55 414.15 Td (Section ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.65 414.15 Td (13\(a\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.42 414.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.78 414.15 Td (15\(d\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.14 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.49 414.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.93 414.15 Td (Securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.95 414.15 Td (Exchange ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.39 414.15 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.16 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.52 414.15 Td (1934 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.40 401.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.15 401.55 Td (proxy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.39 401.55 Td (statements. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.81 401.55 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.63 401.55 Td (reports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.53 401.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.09 401.55 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.73 401.55 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.14 401.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.88 401.55 Td (website ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.70 401.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.19 401.55 Td (soon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.77 401.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.26 401.55 Td (reasonably ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.49 401.55 Td (practicable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.28 401.55 Td (after ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.26 401.55 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (electronically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.06 388.95 Td (file ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.47 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.72 388.95 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.54 388.95 Td (with, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.26 388.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.42 388.95 Td (furnish ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.59 388.95 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.85 388.95 Td (to, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.06 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.31 388.95 Td (Securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.14 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.72 388.95 Td (Exchange ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.54 388.95 Td (Commission ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.06 388.95 Td (\(�SEC�\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.68 388.95 Td (Investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.59 388.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.58 388.95 Td (find ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.83 376.35 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.56 376.35 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.63 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.61 376.35 Td (�Investor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.84 376.35 Td (Relations� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.32 376.35 Td (section ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.22 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.12 376.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.28 376.35 Td (website. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.14 376.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.04 376.35 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.24 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.22 376.35 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.96 376.35 Td (Mason, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.32 376.35 Td (Inc. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.51 376.35 Td (Corporate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (Governance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.14 363.75 Td (Principles, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.69 363.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.60 363.75 Td (Code ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.69 363.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.36 363.75 Td (Conduct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.86 363.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.02 363.75 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.44 363.75 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.26 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.34 363.75 Td (directors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.63 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.71 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.46 363.75 Td (charters ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.61 363.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.77 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.52 363.75 Td (committees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.85 363.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.51 363.75 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (Board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.79 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.16 351.15 Td (Directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.86 351.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.30 351.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.85 351.15 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.37 351.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.50 351.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.12 351.15 Td (corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.39 351.15 Td (website ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.09 351.15 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.30 351.15 Td (http://www) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.45 351.15 Td (.leggmason.com ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.90 351.15 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.44 351.15 Td (�About ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.97 351.15 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.10 351.15 Td (Investor ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (Relations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.90 338.55 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.13 338.55 Td (Governance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.58 338.55 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.81 338.55 Td (Corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.53 338.55 Td (Governance�. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.67 338.55 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.68 338.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.41 338.55 Td (copy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.55 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.03 338.55 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.93 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.41 338.55 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.72 338.55 Td (materials ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.94 338.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.75 338.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.40 338.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.04 338.55 Td (obtained, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.56 338.55 Td (free ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.61 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.09 338.55 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.96 338.55 Td (ge, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.16 325.95 Td (sending ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.99 325.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.81 325.95 Td (written ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.72 325.95 Td (request ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.20 325.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.53 325.95 Td (Corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.68 325.95 Td (Secretary) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.64 325.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.43 325.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.16 325.95 Td (Mason, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.53 325.95 Td (Inc., ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.35 325.95 Td (100 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.26 325.95 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.07 325.95 Td (Drive, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.77 325.95 Td (Baltimore, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.54 325.95 Td (MD ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.63 325.95 Td (21202. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.45 313.35 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.65 313.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.77 313.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.40 313.35 Td (website ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.10 313.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.72 313.35 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.77 313.35 Td (incorporated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.45 313.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.58 313.35 Td (reference ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.25 313.35 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.21 313.35 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.00 313.35 Td (Report.) Tj ET Q
endstream
endobj
41 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 42 0 R>>
endobj
42 0 obj
<</Length 44895>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (18) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 741.90 Td (1A. ) Tj ET Q
q 0 0 0 rg BT 98.21 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 100.84 741.90 Td (RISK ) Tj ET Q
q 0 0 0 rg BT 129.14 741.90 Td (F) Tj ET Q
q 0 0 0 rg BT 134.77 741.90 Td (ACT) Tj ET Q
q 0 0 0 rg BT 156.75 741.90 Td (ORS.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 716.70 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.65 716.70 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.68 716.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.67 716.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.32 716.70 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.55 716.70 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.02 716.70 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.25 716.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.24 716.70 Td (general, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.59 716.70 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.41 716.70 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.97 716.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.96 716.70 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.20 716.70 Td (risks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.48 716.70 Td (uncertainties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.95 716.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.93 716.70 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 704.10 Td (factors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.74 704.10 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.16 704.10 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.16 704.10 Td (negatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.56 704.10 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.53 704.10 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.94 704.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.60 704.10 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.86 704.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.28 704.10 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.37 704.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.79 704.10 Td (operations. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.70 704.10 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.44 704.10 Td (risks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.58 704.10 Td (uncertainties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.89 704.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.73 704.10 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.97 704.10 Td (factors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.84 704.10 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.40 691.50 Td (ones ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.72 691.50 Td (discussed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.04 691.50 Td (below ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.78 691.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.01 691.50 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.25 691.50 Td (discussed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.57 691.50 Td (elsewhere ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.62 691.50 Td (herein ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.93 691.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.17 691.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.41 691.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.48 691.50 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.13 691.50 Td (filings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.04 691.50 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.78 691.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.68 691.50 Td (SEC, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.64 691.50 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.04 691.50 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.43 691.50 Td (actual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.90 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.54 678.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.33 678.90 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.81 678.90 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.09 678.90 Td (materially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.28 678.90 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.31 678.90 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.10 678.90 Td (forward-looking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.54 678.90 Td (statements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.49 678.90 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.86 678.90 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.73 678.90 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.10 678.90 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.88 678.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.26 678.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.88 678.90 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.41 678.90 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.11 678.90 Td (make.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 653.70 Td (Risks ) Tj ET Q
q 0 0 0 rg BT 76.64 653.70 Td (Related ) Tj ET Q
q 0 0 0 rg BT 113.67 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 125.04 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.67 653.70 Td (Pr) Tj ET Q
q 0 0 0 rg BT 152.55 653.70 Td (oposed ) Tj ET Q
q 0 0 0 rg BT 186.10 653.70 Td (Merger) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 628.50 Td (Regulatory ) Tj ET Q
q 0 0 0 rg BT 135.47 628.50 Td (Approvals ) Tj ET Q
q 0 0 0 rg BT 181.74 628.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 203.49 628.50 Td (Not ) Tj ET Q
q 0 0 0 rg BT 221.75 628.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 234.17 628.50 Td (Received, ) Tj ET Q
q 0 0 0 rg BT 277.78 628.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 299.54 628.50 Td (T) Tj ET Q
q 0 0 0 rg BT 304.99 628.50 Td (ake ) Tj ET Q
q 0 0 0 rg BT 322.66 628.50 Td (Longer ) Tj ET Q
q 0 0 0 rg BT 356.67 628.50 Td (Than ) Tj ET Q
q 0 0 0 rg BT 382.53 628.50 Td (Expected ) Tj ET Q
q 0 0 0 rg BT 424.69 628.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 436.53 628.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 458.29 628.50 Td (Impose ) Tj ET Q
q 0 0 0 rg BT 492.30 628.50 Td (Conditions ) Tj ET Q
q 0 0 0 rg BT 542.08 628.50 Td (That ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (Are ) Tj ET Q
q 0 0 0 rg BT 67.88 615.90 Td (Not ) Tj ET Q
q 0 0 0 rg BT 86.25 615.90 Td (Presently ) Tj ET Q
q 0 0 0 rg BT 128.73 615.90 Td (Anticipated ) Tj ET Q
q 0 0 0 rg BT 180.94 615.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 192.90 615.90 Td (Cannot ) Tj ET Q
q 0 0 0 rg BT 227.63 615.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 240.16 615.90 Td (Met.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 590.70 Td (Before ) Tj ET Q
q 0 0 0 rg BT 116.60 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 131.96 590.70 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 184.65 590.70 Td (contemplated ) Tj ET Q
q 0 0 0 rg BT 243.75 590.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 256.78 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.15 590.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 289.45 590.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 304.83 590.70 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 356.64 590.70 Td (including ) Tj ET Q
q 0 0 0 rg BT 398.83 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 414.20 590.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 431.50 590.70 Td (ger) Tj ET Q
q 0 0 0 rg BT 444.49 590.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 449.65 590.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 470.26 590.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 482.70 590.70 Td (completed, ) Tj ET Q
q 0 0 0 rg BT 531.60 590.70 Td (various ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (approvals ) Tj ET Q
q 0 0 0 rg BT 92.48 578.10 Td (must ) Tj ET Q
q 0 0 0 rg BT 115.05 578.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 127.12 578.10 Td (obtained ) Tj ET Q
q 0 0 0 rg BT 165.43 578.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 187.99 578.10 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 233.30 578.10 Td (authorities. ) Tj ET Q
q 0 0 0 rg BT 282.25 578.10 Td (These ) Tj ET Q
q 0 0 0 rg BT 309.47 578.10 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 354.78 578.10 Td (authorities ) Tj ET Q
q 0 0 0 rg BT 401.26 578.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 421.49 578.10 Td (impose ) Tj ET Q
q 0 0 0 rg BT 453.98 578.10 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 499.88 578.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 512.54 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.52 578.10 Td (granting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.24 565.50 Td (such ) Tj ET Q
q 0 0 0 rg BT 83.49 565.50 Td (approvals. ) Tj ET Q
q 0 0 0 rg BT 129.93 565.50 Td (Such ) Tj ET Q
q 0 0 0 rg BT 153.93 565.50 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 200.68 565.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 212.43 565.50 Td (changes ) Tj ET Q
q 0 0 0 rg BT 249.24 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 267.40 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 283.23 565.50 Td (process ) Tj ET Q
q 0 0 0 rg BT 317.72 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 329.46 565.50 Td (obtaining ) Tj ET Q
q 0 0 0 rg BT 372.12 565.50 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 418.27 565.50 Td (approvals ) Tj ET Q
q 0 0 0 rg BT 462.09 565.50 Td (could ) Tj ET Q
q 0 0 0 rg BT 488.41 565.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 511.23 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.06 565.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 535.03 565.50 Td (fect ) Tj ET Q
q 0 0 0 rg BT 553.76 565.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (delaying ) Tj ET Q
q 0 0 0 rg BT 88.43 552.90 Td (completion ) Tj ET Q
q 0 0 0 rg BT 138.45 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 149.97 552.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.58 552.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 182.88 552.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 199.07 552.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 210.59 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 222.11 552.90 Td (imposing ) Tj ET Q
q 0 0 0 rg BT 263.98 552.90 Td (additional ) Tj ET Q
q 0 0 0 rg BT 308.74 552.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 332.52 552.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 344.04 552.90 Td (limitations ) Tj ET Q
q 0 0 0 rg BT 391.74 552.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 405.02 552.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.62 552.90 Td (combined ) Tj ET Q
q 0 0 0 rg BT 464.80 552.90 Td (company ) Tj ET Q
q 0 0 0 rg BT 506.07 552.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 549.68 552.90 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 66.80 540.30 Td (ger) Tj ET Q
q 0 0 0 rg BT 79.63 540.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 85.72 540.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 105.78 540.30 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 152.66 540.30 Td (approvals ) Tj ET Q
q 0 0 0 rg BT 197.22 540.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 219.03 540.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 236.18 540.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 249.83 540.30 Td (received ) Tj ET Q
q 0 0 0 rg BT 289.12 540.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 300.43 540.30 Td (all, ) Tj ET Q
q 0 0 0 rg BT 317.28 540.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 339.10 540.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 356.25 540.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 369.89 540.30 Td (received ) Tj ET Q
q 0 0 0 rg BT 409.18 540.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 421.08 540.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 429.48 540.30 Td (timely ) Tj ET Q
q 0 0 0 rg BT 460.04 540.30 Td (fashion, ) Tj ET Q
q 0 0 0 rg BT 497.31 540.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 509.79 540.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 531.61 540.30 Td (contain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 96.07 527.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 109.40 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 125.05 527.70 Td (completion ) Tj ET Q
q 0 0 0 rg BT 175.12 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 186.69 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.34 527.70 Td (mer) Tj ET Q
q 0 0 0 rg BT 218.48 527.70 Td (gers ) Tj ET Q
q 0 0 0 rg BT 238.80 527.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 257.37 527.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 273.01 527.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 289.26 527.70 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 338.14 527.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 349.71 527.70 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 380.53 527.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 393.26 527.70 Td (met. ) Tj ET Q
q 0 0 0 rg BT 414.46 527.70 Td (If ) Tj ET Q
q 0 0 0 rg BT 424.28 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 439.93 527.70 Td (consummation ) Tj ET Q
q 0 0 0 rg BT 504.58 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 516.16 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.81 527.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 549.11 527.70 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 58.81 515.10 Td (delayed, ) Tj ET Q
q 0 0 0 rg BT 96.39 515.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 138.36 515.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 151.17 515.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 158.14 515.10 Td (delay ) Tj ET Q
q 0 0 0 rg BT 183.18 515.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 193.66 515.10 Td (receipt ) Tj ET Q
q 0 0 0 rg BT 224.53 515.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 235.58 515.10 Td (necessary ) Tj ET Q
q 0 0 0 rg BT 278.70 515.10 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 324.16 515.10 Td (approvals, ) Tj ET Q
q 0 0 0 rg BT 369.91 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 385.05 515.10 Td (business, ) Tj ET Q
q 0 0 0 rg BT 425.57 515.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 464.60 515.10 Td (condition ) Tj ET Q
q 0 0 0 rg BT 506.58 515.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 524.04 515.10 Td (results ) Tj ET Q
q 0 0 0 rg BT 553.77 515.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (operations ) Tj ET Q
q 0 0 0 rg BT 95.29 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.09 502.50 Td (each ) Tj ET Q
q 0 0 0 rg BT 127.37 502.50 Td (company ) Tj ET Q
q 0 0 0 rg BT 167.92 502.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 188.05 502.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 207.01 502.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 218.98 502.50 Td (materially ) Tj ET Q
q 0 0 0 rg BT 263.59 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 280.81 502.50 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 323.09 502.50 Td (af) Tj ET Q
q 0 0 0 rg BT 331.06 502.50 Td (fected. ) Tj ET Q
q 0 0 0 rg BT 361.38 502.50 Td (See ) Tj ET Q
q 0 0 0 rg BT 378.60 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 393.48 502.50 Td (section ) Tj ET Q
q 0 0 0 rg BT 425.27 502.50 Td (entitled ) Tj ET Q
q 0 0 0 rg BT 458.81 502.50 Td (�The ) Tj ET Q
q 0 0 0 rg BT 481.85 502.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 499.16 502.50 Td (ger) Tj ET Q
q 0 0 0 rg BT 512.35 502.50 Td (-Regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (Approvals ) Tj ET Q
q 0 0 0 rg BT 97.02 489.90 Td (Required ) Tj ET Q
q 0 0 0 rg BT 139.28 489.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 155.30 489.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.90 489.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 189.20 489.90 Td (ger� ) Tj ET Q
q 0 0 0 rg BT 211.04 489.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 222.98 489.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 240.75 489.90 Td (definitive ) Tj ET Q
q 0 0 0 rg BT 284.77 489.90 Td (proxy ) Tj ET Q
q 0 0 0 rg BT 313.04 489.90 Td (statement ) Tj ET Q
q 0 0 0 rg BT 357.05 489.90 Td (filed ) Tj ET Q
q 0 0 0 rg BT 380.06 489.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 402.50 489.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 419.11 489.90 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 442.14 489.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 456.41 489.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 487.59 489.90 Td (27, ) Tj ET Q
q 0 0 0 rg BT 504.49 489.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 529.26 489.90 Td (\(�Proxy ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (Statement�\). ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td ( ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 452.10 Td (Failure ) Tj ET Q
q 0 0 0 rg BT 120.72 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.01 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.97 452.10 Td (Merger ) Tj ET Q
q 0 0 0 rg BT 182.60 452.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 193.31 452.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 205.77 452.10 Td (Completed, ) Tj ET Q
q 0 0 0 rg BT 257.01 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.97 452.10 Td (T) Tj ET Q
q 0 0 0 rg BT 278.42 452.10 Td (ermination ) Tj ET Q
q 0 0 0 rg BT 328.82 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 340.11 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 356.07 452.10 Td (Merger ) Tj ET Q
q 0 0 0 rg BT 390.32 452.10 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 440.11 452.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 451.99 452.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 459.78 452.10 Td (Significant ) Tj ET Q
q 0 0 0 rg BT 510.17 452.10 Td (Delay ) Tj ET Q
q 0 0 0 rg BT 537.79 452.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.09 452.10 Td (the ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (Consummation ) Tj ET Q
q 0 0 0 rg BT 118.65 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.03 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.07 439.50 Td (Merger ) Tj ET Q
q 0 0 0 rg BT 180.77 439.50 Td (could ) Tj ET Q
q 0 0 0 rg BT 207.32 439.50 Td (Negatively ) Tj ET Q
q 0 0 0 rg BT 255.42 439.50 Td (Impact ) Tj ET Q
q 0 0 0 rg BT 288.38 439.50 Td (Us.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 414.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 103.78 414.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 121.09 414.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 136.02 414.30 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 184.63 414.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 193.59 414.30 Td (subject ) Tj ET Q
q 0 0 0 rg BT 225.30 414.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 235.42 414.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 242.04 414.30 Td (number ) Tj ET Q
q 0 0 0 rg BT 276.08 414.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 286.79 414.30 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 332.50 414.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 360.12 414.30 Td (must ) Tj ET Q
q 0 0 0 rg BT 382.50 414.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 394.37 414.30 Td (fulfilled ) Tj ET Q
q 0 0 0 rg BT 430.15 414.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 440.28 414.30 Td (order ) Tj ET Q
q 0 0 0 rg BT 464.39 414.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 474.52 414.30 Td (complete ) Tj ET Q
q 0 0 0 rg BT 514.96 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.75 414.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 547.06 414.30 Td (ger) Tj ET Q
q 0 0 0 rg BT 559.89 414.30 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (Please ) Tj ET Q
q 0 0 0 rg BT 78.37 401.70 Td (see ) Tj ET Q
q 0 0 0 rg BT 93.83 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 108.71 401.70 Td (section ) Tj ET Q
q 0 0 0 rg BT 140.50 401.70 Td (entitled ) Tj ET Q
q 0 0 0 rg BT 174.04 401.70 Td (�The ) Tj ET Q
q 0 0 0 rg BT 196.62 401.70 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 245.31 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 262.52 401.70 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 283.24 401.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 294.03 401.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 311.34 401.70 Td (ger) Tj ET Q
q 0 0 0 rg BT 324.54 401.70 Td (-Conditions ) Tj ET Q
q 0 0 0 rg BT 376.17 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 386.39 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.26 401.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 418.57 401.70 Td (ger� ) Tj ET Q
q 0 0 0 rg BT 438.69 401.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 448.90 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 463.78 401.70 Td (Proxy ) Tj ET Q
q 0 0 0 rg BT 490.91 401.70 Td (Statement. ) Tj ET Q
q 0 0 0 rg BT 537.43 401.70 Td (These ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 96.00 389.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 106.91 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.48 389.10 Td (consummation ) Tj ET Q
q 0 0 0 rg BT 187.06 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 198.55 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 214.13 389.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 231.43 389.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 247.58 389.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 268.41 389.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 284.57 389.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 297.23 389.10 Td (fulfilled ) Tj ET Q
q 0 0 0 rg BT 333.80 389.10 Td (and, ) Tj ET Q
q 0 0 0 rg BT 354.33 389.10 Td (accordingly) Tj ET Q
q 0 0 0 rg BT 403.22 389.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 408.59 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.16 389.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 441.47 389.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 457.62 389.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 478.44 389.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 494.61 389.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 507.27 389.10 Td (completed ) Tj ET Q
q 0 0 0 rg BT 553.75 389.10 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 104.90 376.50 Td (delayed. ) Tj ET Q
q 0 0 0 rg BT 143.07 376.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 145.98 376.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 157.63 376.50 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 197.57 376.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 206.88 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 222.62 376.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 239.92 376.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 256.23 376.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 266.14 376.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 282.46 376.50 Td (completed ) Tj ET Q
q 0 0 0 rg BT 329.10 376.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 342.50 376.50 Td (February ) Tj ET Q
q 0 0 0 rg BT 383.31 376.50 Td (17, ) Tj ET Q
q 0 0 0 rg BT 399.34 376.50 Td (2021, ) Tj ET Q
q 0 0 0 rg BT 425.86 376.50 Td (either ) Tj ET Q
q 0 0 0 rg BT 452.67 376.50 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 490.95 376.50 Td (T) Tj ET Q
q 0 0 0 rg BT 496.63 376.50 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 538.60 376.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 550.25 376.50 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 70.94 363.90 Td (choose ) Tj ET Q
q 0 0 0 rg BT 103.45 363.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 114.97 363.90 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 157.98 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.16 363.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 191.47 363.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 207.49 363.90 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 257.50 363.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 268.43 363.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 286.95 363.90 Td (time ) Tj ET Q
q 0 0 0 rg BT 308.97 363.90 Td (after ) Tj ET Q
q 0 0 0 rg BT 331.56 363.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 350.66 363.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 371.51 363.90 Td (if ) Tj ET Q
q 0 0 0 rg BT 381.28 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.46 363.90 Td (failure ) Tj ET Q
q 0 0 0 rg BT 428.22 363.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 439.74 363.90 Td (consummate ) Tj ET Q
q 0 0 0 rg BT 496.17 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.35 363.90 Td (transactions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (contemplated ) Tj ET Q
q 0 0 0 rg BT 108.20 351.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 120.84 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 135.81 351.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 153.11 351.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 168.18 351.30 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 216.97 351.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 226.11 351.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 241.67 351.30 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 282.88 351.30 Td (caused ) Tj ET Q
q 0 0 0 rg BT 313.58 351.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 326.22 351.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 343.52 351.30 Td (failure ) Tj ET Q
q 0 0 0 rg BT 373.06 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 383.36 351.30 Td (fulfil ) Tj ET Q
q 0 0 0 rg BT 406.50 351.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 423.80 351.30 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 468.52 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 483.48 351.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 500.79 351.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 515.86 351.30 Td (Agreement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 61.96 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.75 338.70 Td (party ) Tj ET Q
q 0 0 0 rg BT 100.28 338.70 Td (electing ) Tj ET Q
q 0 0 0 rg BT 135.48 338.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 145.60 338.70 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 187.21 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.00 338.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 219.31 338.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 234.24 338.70 Td (Agreement. ) Tj ET Q
q 0 0 0 rg BT 285.47 338.70 Td (Furthermore, ) Tj ET Q
q 0 0 0 rg BT 342.54 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.33 338.70 Td (consummation ) Tj ET Q
q 0 0 0 rg BT 421.12 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 431.82 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.61 338.70 Td (mer) Tj ET Q
q 0 0 0 rg BT 462.75 338.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 478.11 338.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 498.15 338.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 510.02 338.70 Td (significantly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.10 Td (delayed ) Tj ET Q
q 0 0 0 rg BT 84.77 326.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 102.56 326.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 113.35 326.10 Td (various ) Tj ET Q
q 0 0 0 rg BT 146.89 326.10 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 180.71 326.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 223.00 326.10 Td (potential ) Tj ET Q
q 0 0 0 rg BT 262.36 326.10 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 302.90 326.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 334.09 326.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 344.88 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 360.34 326.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 377.64 326.10 Td (ger) Tj ET Q
q 0 0 0 rg BT 390.47 326.10 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 300.90 Td (If ) Tj ET Q
q 0 0 0 rg BT 94.80 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 109.93 300.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 127.23 300.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 142.95 300.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 152.26 300.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 167.98 300.90 Td (consummated ) Tj ET Q
q 0 0 0 rg BT 228.60 300.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 239.65 300.90 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 294.45 300.90 Td (delayed, ) Tj ET Q
q 0 0 0 rg BT 332.03 300.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 348.33 300.90 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 385.05 300.90 Td (business, ) Tj ET Q
q 0 0 0 rg BT 425.57 300.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 464.61 300.90 Td (condition ) Tj ET Q
q 0 0 0 rg BT 506.57 300.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 524.04 300.90 Td (results ) Tj ET Q
q 0 0 0 rg BT 553.76 300.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.30 Td (operations ) Tj ET Q
q 0 0 0 rg BT 97.13 288.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 119.10 288.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 132.90 288.30 Td (materially ) Tj ET Q
q 0 0 0 rg BT 179.36 288.30 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 223.48 288.30 Td (af) Tj ET Q
q 0 0 0 rg BT 231.45 288.30 Td (fected ) Tj ET Q
q 0 0 0 rg BT 260.99 288.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 280.04 288.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.76 288.30 Td (market ) Tj ET Q
q 0 0 0 rg BT 329.81 288.30 Td (price ) Tj ET Q
q 0 0 0 rg BT 354.68 288.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 367.32 288.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 385.21 288.30 Td (common ) Tj ET Q
q 0 0 0 rg BT 425.85 288.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 451.90 288.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 473.87 288.30 Td (decline ) Tj ET Q
q 0 0 0 rg BT 508.08 288.30 Td (significantly) Tj ET Q
q 0 0 0 rg BT 559.89 288.30 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (particularly ) Tj ET Q
q 0 0 0 rg BT 100.70 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 111.67 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 127.31 275.70 Td (extent ) Tj ET Q
q 0 0 0 rg BT 155.77 275.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 174.32 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.95 275.70 Td (current ) Tj ET Q
q 0 0 0 rg BT 222.49 275.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 254.45 275.70 Td (price ) Tj ET Q
q 0 0 0 rg BT 278.24 275.70 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 311.94 275.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 319.41 275.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 351.37 275.70 Td (assumption ) Tj ET Q
q 0 0 0 rg BT 402.01 275.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 420.56 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 436.20 275.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 453.50 275.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 469.71 275.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 488.85 275.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 501.57 275.70 Td (consummated. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (If ) Tj ET Q
q 0 0 0 rg BT 59.29 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 74.92 263.10 Td (consummation ) Tj ET Q
q 0 0 0 rg BT 139.55 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 151.10 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.73 263.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 184.04 263.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 200.25 263.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 210.05 263.10 Td (delayed, ) Tj ET Q
q 0 0 0 rg BT 248.13 263.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 290.59 263.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 303.89 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 319.52 263.10 Td (receipt ) Tj ET Q
q 0 0 0 rg BT 350.89 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 362.44 263.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 369.90 263.10 Td (competing ) Tj ET Q
q 0 0 0 rg BT 417.03 263.10 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 465.90 263.10 Td (proposal, ) Tj ET Q
q 0 0 0 rg BT 507.49 263.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 524.29 263.10 Td (business, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.86 250.50 Td (condition ) Tj ET Q
q 0 0 0 rg BT 131.14 250.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 148.93 250.50 Td (results ) Tj ET Q
q 0 0 0 rg BT 178.97 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.34 250.50 Td (operations ) Tj ET Q
q 0 0 0 rg BT 236.71 250.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 257.41 250.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 269.94 250.50 Td (materially ) Tj ET Q
q 0 0 0 rg BT 315.14 250.50 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 357.99 250.50 Td (af) Tj ET Q
q 0 0 0 rg BT 365.96 250.50 Td (fected.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 225.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 96.30 225.30 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 135.40 225.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 149.70 225.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 171.58 225.30 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 208.62 225.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 225.83 225.30 Td (will ) Tj ET Q
q 0 0 0 rg BT 244.23 225.30 Td (incur ) Tj ET Q
q 0 0 0 rg BT 267.86 225.30 Td (substantial ) Tj ET Q
q 0 0 0 rg BT 314.83 225.30 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 354.79 225.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 365.02 225.30 Td (connection ) Tj ET Q
q 0 0 0 rg BT 413.14 225.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 433.87 225.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.75 225.30 Td (negotiation ) Tj ET Q
q 0 0 0 rg BT 498.05 225.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 515.27 225.30 Td (completion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.70 212.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 77.98 212.70 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 131.59 212.70 Td (contemplated ) Tj ET Q
q 0 0 0 rg BT 191.61 212.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 205.56 212.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 221.84 212.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 239.15 212.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 255.25 212.70 Td (Agreement. ) Tj ET Q
q 0 0 0 rg BT 307.97 212.70 Td (If ) Tj ET Q
q 0 0 0 rg BT 318.42 212.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 334.70 212.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 352.01 212.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 368.87 212.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 379.33 212.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 396.20 212.70 Td (completed ) Tj ET Q
q 0 0 0 rg BT 443.39 212.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 455.59 212.70 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 511.53 212.70 Td (delayed, ) Tj ET Q
q 0 0 0 rg BT 550.26 212.70 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (would ) Tj ET Q
q 0 0 0 rg BT 77.80 200.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 99.68 200.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 109.90 200.10 Td (recognize ) Tj ET Q
q 0 0 0 rg BT 152.75 200.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 176.38 200.10 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 216.34 200.10 Td (without ) Tj ET Q
q 0 0 0 rg BT 250.48 200.10 Td (realizing ) Tj ET Q
q 0 0 0 rg BT 289.26 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 304.14 200.10 Td (expected ) Tj ET Q
q 0 0 0 rg BT 343.50 200.10 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 378.79 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 389.59 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 404.47 200.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 421.78 200.10 Td (ger) Tj ET Q
q 0 0 0 rg BT 434.61 200.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 438.83 200.10 Td (Any ) Tj ET Q
q 0 0 0 rg BT 458.97 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 469.76 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 484.64 200.10 Td (foregoing, ) Tj ET Q
q 0 0 0 rg BT 530.14 200.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 540.94 200.10 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (risks ) Tj ET Q
q 0 0 0 rg BT 71.64 187.50 Td (arising ) Tj ET Q
q 0 0 0 rg BT 102.53 187.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 113.00 187.50 Td (connection ) Tj ET Q
q 0 0 0 rg BT 161.38 187.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 182.35 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.49 187.50 Td (failure ) Tj ET Q
q 0 0 0 rg BT 227.20 187.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 238.25 187.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 249.30 187.50 Td (delay ) Tj ET Q
q 0 0 0 rg BT 274.35 187.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 284.82 187.50 Td (consummating ) Tj ET Q
q 0 0 0 rg BT 348.96 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.09 187.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 381.40 187.50 Td (ger) Tj ET Q
q 0 0 0 rg BT 394.38 187.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 399.32 187.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 441.29 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 456.42 187.50 Td (diversion ) Tj ET Q
q 0 0 0 rg BT 497.81 187.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 508.86 187.50 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (attention ) Tj ET Q
q 0 0 0 rg BT 88.85 174.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 111.86 174.90 Td (pursuing ) Tj ET Q
q 0 0 0 rg BT 151.22 174.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 175.40 174.90 Td (opportunities ) Tj ET Q
q 0 0 0 rg BT 233.42 174.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 251.19 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 266.62 174.90 Td (constraints ) Tj ET Q
q 0 0 0 rg BT 314.72 174.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 325.49 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.93 174.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 358.23 174.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 373.67 174.90 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 422.92 174.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 436.03 174.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 452.63 174.90 Td (ability ) Tj ET Q
q 0 0 0 rg BT 482.07 174.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 492.84 174.90 Td (make ) Tj ET Q
q 0 0 0 rg BT 518.19 174.90 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.30 Td (changes ) Tj ET Q
q 0 0 0 rg BT 86.02 162.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 96.89 162.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 113.59 162.30 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 150.71 162.30 Td (business ) Tj ET Q
q 0 0 0 rg BT 189.00 162.30 Td (during ) Tj ET Q
q 0 0 0 rg BT 219.12 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.65 162.30 Td (pendency ) Tj ET Q
q 0 0 0 rg BT 277.59 162.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 289.04 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 304.57 162.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 321.87 162.30 Td (ger) Tj ET Q
q 0 0 0 rg BT 334.86 162.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 340.19 162.30 Td (could ) Tj ET Q
q 0 0 0 rg BT 366.22 162.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 388.74 162.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 396.11 162.30 Td (material ) Tj ET Q
q 0 0 0 rg BT 433.21 162.30 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 467.98 162.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 475.94 162.30 Td (fect ) Tj ET Q
q 0 0 0 rg BT 494.38 162.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 507.58 162.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 524.28 162.30 Td (business, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.86 149.70 Td (condition ) Tj ET Q
q 0 0 0 rg BT 131.14 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 148.93 149.70 Td (results ) Tj ET Q
q 0 0 0 rg BT 178.97 149.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.34 149.70 Td (operations.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 124.50 Td (Additionally) Tj ET Q
q 0 0 0 rg BT 137.90 124.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 142.57 124.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 158.61 124.50 Td (business ) Tj ET Q
q 0 0 0 rg BT 196.25 124.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 216.37 124.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 238.24 124.50 Td (been ) Tj ET Q
q 0 0 0 rg BT 260.10 124.50 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 302.38 124.50 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 342.91 124.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 355.46 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 370.33 124.50 Td (failure ) Tj ET Q
q 0 0 0 rg BT 399.78 124.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 409.99 124.50 Td (pursue ) Tj ET Q
q 0 0 0 rg BT 440.03 124.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 463.65 124.50 Td (beneficial ) Tj ET Q
q 0 0 0 rg BT 507.09 124.50 Td (opportunities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 67.23 111.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 77.97 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.37 111.90 Td (focus ) Tj ET Q
q 0 0 0 rg BT 118.69 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.01 111.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 186.23 111.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 199.30 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 214.70 111.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 232.00 111.90 Td (ger) Tj ET Q
q 0 0 0 rg BT 244.99 111.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 250.19 111.90 Td (without ) Tj ET Q
q 0 0 0 rg BT 284.84 111.90 Td (realizing ) Tj ET Q
q 0 0 0 rg BT 324.15 111.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 341.88 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 353.20 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 368.60 111.90 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 417.23 111.90 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 453.05 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 464.36 111.90 Td (completing ) Tj ET Q
q 0 0 0 rg BT 514.18 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.58 111.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 546.88 111.90 Td (ger) Tj ET Q
q 0 0 0 rg BT 559.87 111.90 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.13 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.42 99.30 Td (market ) Tj ET Q
q 0 0 0 rg BT 111.04 99.30 Td (price ) Tj ET Q
q 0 0 0 rg BT 133.49 99.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 143.70 99.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 159.16 99.30 Td (common ) Tj ET Q
q 0 0 0 rg BT 197.37 99.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 221.00 99.30 Td (might ) Tj ET Q
q 0 0 0 rg BT 246.97 99.30 Td (decline ) Tj ET Q
q 0 0 0 rg BT 278.75 99.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 288.38 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.67 99.30 Td (extent ) Tj ET Q
q 0 0 0 rg BT 329.79 99.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 347.00 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.30 99.30 Td (current ) Tj ET Q
q 0 0 0 rg BT 392.49 99.30 Td (market ) Tj ET Q
q 0 0 0 rg BT 423.11 99.30 Td (price ) Tj ET Q
q 0 0 0 rg BT 445.56 99.30 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 477.92 99.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 484.05 99.30 Td (market ) Tj ET Q
q 0 0 0 rg BT 514.67 99.30 Td (assumption ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 68.44 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 84.46 86.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 101.77 86.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 118.37 86.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 137.90 86.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 151.01 86.70 Td (completed. ) Tj ET Q
q 0 0 0 rg BT 200.56 86.70 Td (If ) Tj ET Q
q 0 0 0 rg BT 210.75 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 226.77 86.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 244.08 86.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 259.98 86.70 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 309.82 86.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 320.02 86.70 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 368.11 86.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 386.47 86.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 394.32 86.70 Td (party�) Tj ET Q
q 0 0 0 rg BT 418.81 86.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 426.10 86.70 Td (board ) Tj ET Q
q 0 0 0 rg BT 453.20 86.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 465.14 86.70 Td (directors ) Tj ET Q
q 0 0 0 rg BT 505.07 86.70 Td (seeks ) Tj ET Q
q 0 0 0 rg BT 531.01 86.70 Td (another ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.10 Td (mer) Tj ET Q
q 0 0 0 rg BT 65.64 74.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 81.50 74.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 92.71 74.10 Td (business ) Tj ET Q
q 0 0 0 rg BT 130.75 74.10 Td (combination, ) Tj ET Q
q 0 0 0 rg BT 188.33 74.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 204.78 74.10 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 260.32 74.10 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 290.76 74.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 303.13 74.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 334.15 74.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 352.36 74.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 367.06 74.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 385.85 74.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 398.22 74.10 Td (able ) Tj ET Q
q 0 0 0 rg BT 418.17 74.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 428.80 74.10 Td (find ) Tj ET Q
q 0 0 0 rg BT 448.17 74.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 455.29 74.10 Td (party ) Tj ET Q
q 0 0 0 rg BT 479.32 74.10 Td (willing ) Tj ET Q
q 0 0 0 rg BT 511.53 74.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 522.16 74.10 Td (engage ) Tj ET Q
q 0 0 0 rg BT 554.35 74.10 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.79 61.50 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 105.48 61.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 118.60 61.50 Td (more ) Tj ET Q
q 0 0 0 rg BT 142.80 61.50 Td (attractive ) Tj ET Q
q 0 0 0 rg BT 184.49 61.50 Td (terms ) Tj ET Q
q 0 0 0 rg BT 210.44 61.50 Td (than ) Tj ET Q
q 0 0 0 rg BT 231.14 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 246.60 61.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 263.90 61.50 Td (ger) Tj ET Q
q 0 0 0 rg BT 276.73 61.50 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.90 Td ( ) Tj ET Q
endstream
endobj
43 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 44 0 R>>
endobj
44 0 obj
<</Length 51553>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (19) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 741.90 Td (W) Tj ET Q
q 0 0 0 rg BT 94.06 741.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 101.15 741.90 Td (W) Tj ET Q
q 0 0 0 rg BT 110.10 741.90 Td (ill ) Tj ET Q
q 0 0 0 rg BT 121.48 741.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 134.01 741.90 Td (Subject ) Tj ET Q
q 0 0 0 rg BT 168.72 741.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 179.52 741.90 Td (Business ) Tj ET Q
q 0 0 0 rg BT 220.66 741.90 Td (Uncertainties ) Tj ET Q
q 0 0 0 rg BT 281.62 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 300.59 741.90 Td (Contractual ) Tj ET Q
q 0 0 0 rg BT 355.15 741.90 Td (Restrictions ) Tj ET Q
q 0 0 0 rg BT 408.93 741.90 Td (While ) Tj ET Q
q 0 0 0 rg BT 437.22 741.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 453.27 741.90 Td (Merger ) Tj ET Q
q 0 0 0 rg BT 487.97 741.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 497.60 741.90 Td (Pending.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 716.70 Td (Uncertainty ) Tj ET Q
q 0 0 0 rg BT 137.93 716.70 Td (about ) Tj ET Q
q 0 0 0 rg BT 164.13 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.82 716.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 187.79 716.70 Td (fect ) Tj ET Q
q 0 0 0 rg BT 206.39 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 218.01 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 233.70 716.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 251.01 716.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 267.28 716.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 280.65 716.70 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 331.04 716.70 Td (customers, ) Tj ET Q
q 0 0 0 rg BT 379.11 716.70 Td (suppliers ) Tj ET Q
q 0 0 0 rg BT 419.89 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 437.92 716.70 Td (vendors ) Tj ET Q
q 0 0 0 rg BT 474.03 716.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 494.98 716.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 517.67 716.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 530.44 716.70 Td (adverse ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 57.47 704.10 Td (fect ) Tj ET Q
q 0 0 0 rg BT 76.18 704.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 89.67 704.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 106.64 704.10 Td (business, ) Tj ET Q
q 0 0 0 rg BT 147.84 704.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 187.55 704.10 Td (condition ) Tj ET Q
q 0 0 0 rg BT 230.19 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 248.34 704.10 Td (results ) Tj ET Q
q 0 0 0 rg BT 278.73 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 290.46 704.10 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 339.59 704.10 Td (These ) Tj ET Q
q 0 0 0 rg BT 367.65 704.10 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 424.27 704.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 445.33 704.10 Td (impair ) Tj ET Q
q 0 0 0 rg BT 475.72 704.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 492.70 704.10 Td (ability ) Tj ET Q
q 0 0 0 rg BT 522.51 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 533.66 704.10 Td (attract, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (retain ) Tj ET Q
q 0 0 0 rg BT 75.40 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 92.56 691.50 Td (motivate ) Tj ET Q
q 0 0 0 rg BT 131.30 691.50 Td (key ) Tj ET Q
q 0 0 0 rg BT 148.45 691.50 Td (personnel ) Tj ET Q
q 0 0 0 rg BT 191.27 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 208.43 691.50 Td (customers ) Tj ET Q
q 0 0 0 rg BT 253.00 691.50 Td (pending ) Tj ET Q
q 0 0 0 rg BT 288.83 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 303.65 691.50 Td (consummation ) Tj ET Q
q 0 0 0 rg BT 367.48 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.22 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 393.05 691.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 410.35 691.50 Td (ger) Tj ET Q
q 0 0 0 rg BT 423.34 691.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 427.96 691.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 438.70 691.50 Td (such ) Tj ET Q
q 0 0 0 rg BT 459.95 691.50 Td (personnel ) Tj ET Q
q 0 0 0 rg BT 502.77 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 519.92 691.50 Td (customers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 68.97 678.90 Td (experience ) Tj ET Q
q 0 0 0 rg BT 115.82 678.90 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 164.44 678.90 Td (about ) Tj ET Q
q 0 0 0 rg BT 189.16 678.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 209.79 678.90 Td (future ) Tj ET Q
q 0 0 0 rg BT 236.25 678.90 Td (roles ) Tj ET Q
q 0 0 0 rg BT 258.05 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 274.60 678.90 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 329.64 678.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 371.86 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 386.08 678.90 Td (consummation ) Tj ET Q
q 0 0 0 rg BT 449.30 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 459.43 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 473.65 678.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 490.95 678.90 Td (ger) Tj ET Q
q 0 0 0 rg BT 503.78 678.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 507.49 678.90 Td (Additionally) Tj ET Q
q 0 0 0 rg BT 559.89 678.90 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 73.84 666.30 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 130.26 666.30 Td (could ) Tj ET Q
q 0 0 0 rg BT 156.35 666.30 Td (cause ) Tj ET Q
q 0 0 0 rg BT 182.44 666.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 199.21 666.30 Td (customers, ) Tj ET Q
q 0 0 0 rg BT 247.18 666.30 Td (suppliers, ) Tj ET Q
q 0 0 0 rg BT 290.48 666.30 Td (vendors ) Tj ET Q
q 0 0 0 rg BT 326.50 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 344.43 666.30 Td (others ) Tj ET Q
q 0 0 0 rg BT 372.86 666.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 394.29 666.30 Td (whom ) Tj ET Q
q 0 0 0 rg BT 423.31 666.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 438.32 666.30 Td (deal ) Tj ET Q
q 0 0 0 rg BT 458.58 666.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 469.52 666.30 Td (seek ) Tj ET Q
q 0 0 0 rg BT 490.94 666.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 501.88 666.30 Td (change, ) Tj ET Q
q 0 0 0 rg BT 537.00 666.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 548.52 666.30 Td (fail ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.69 653.70 Td (extend, ) Tj ET Q
q 0 0 0 rg BT 92.32 653.70 Td (existing ) Tj ET Q
q 0 0 0 rg BT 127.58 653.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 165.19 653.70 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 220.87 653.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 241.55 653.70 Td (us. ) Tj ET Q
q 0 0 0 rg BT 255.53 653.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 266.30 653.70 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 305.35 653.70 Td (competitors ) Tj ET Q
q 0 0 0 rg BT 356.94 653.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 377.04 653.70 Td (tar) Tj ET Q
q 0 0 0 rg BT 387.92 653.70 Td (get ) Tj ET Q
q 0 0 0 rg BT 402.77 653.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 418.78 653.70 Td (existing ) Tj ET Q
q 0 0 0 rg BT 454.05 653.70 Td (customers ) Tj ET Q
q 0 0 0 rg BT 498.64 653.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 511.16 653.70 Td (highlighting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (potential ) Tj ET Q
q 0 0 0 rg BT 88.87 641.10 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 145.14 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 162.92 641.10 Td (integration ) Tj ET Q
q 0 0 0 rg BT 211.04 641.10 Td (dif) Tj ET Q
q 0 0 0 rg BT 222.51 641.10 Td (ficulties ) Tj ET Q
q 0 0 0 rg BT 258.96 641.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 277.33 641.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 298.03 641.10 Td (result ) Tj ET Q
q 0 0 0 rg BT 323.99 641.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 347.02 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 362.48 641.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 379.78 641.10 Td (ger) Tj ET Q
q 0 0 0 rg BT 392.61 641.10 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 615.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 103.59 615.90 Td (pursuit ) Tj ET Q
q 0 0 0 rg BT 134.52 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 145.02 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.61 615.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 176.92 615.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 192.08 615.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 209.01 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.60 615.90 Td (preparation ) Tj ET Q
q 0 0 0 rg BT 273.17 615.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 287.17 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.76 615.90 Td (integration ) Tj ET Q
q 0 0 0 rg BT 349.01 615.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 368.85 615.90 Td (place ) Tj ET Q
q 0 0 0 rg BT 392.76 615.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 399.18 615.90 Td (burden ) Tj ET Q
q 0 0 0 rg BT 430.10 615.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 442.36 615.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 458.12 615.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 513.53 615.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 530.45 615.90 Td (internal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (resources. ) Tj ET Q
q 0 0 0 rg BT 94.30 603.30 Td (Any ) Tj ET Q
q 0 0 0 rg BT 115.62 603.30 Td (significant ) Tj ET Q
q 0 0 0 rg BT 163.18 603.30 Td (diversion ) Tj ET Q
q 0 0 0 rg BT 205.50 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 217.48 603.30 Td (management ) Tj ET Q
q 0 0 0 rg BT 274.36 603.30 Td (attention ) Tj ET Q
q 0 0 0 rg BT 314.34 603.30 Td (away ) Tj ET Q
q 0 0 0 rg BT 339.73 603.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 363.38 603.30 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 401.04 603.30 Td (business ) Tj ET Q
q 0 0 0 rg BT 439.86 603.30 Td (concerns ) Tj ET Q
q 0 0 0 rg BT 480.42 603.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 498.81 603.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 517.21 603.30 Td (dif) Tj ET Q
q 0 0 0 rg BT 528.69 603.30 Td (ficulties ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (encountered ) Tj ET Q
q 0 0 0 rg BT 104.40 590.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 116.16 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.58 590.70 Td (transition ) Tj ET Q
q 0 0 0 rg BT 175.84 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 194.59 590.70 Td (integration ) Tj ET Q
q 0 0 0 rg BT 243.67 590.70 Td (process ) Tj ET Q
q 0 0 0 rg BT 278.75 590.70 Td (could ) Tj ET Q
q 0 0 0 rg BT 305.68 590.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 329.09 590.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 337.34 590.70 Td (material ) Tj ET Q
q 0 0 0 rg BT 375.33 590.70 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 410.99 590.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 418.96 590.70 Td (fect ) Tj ET Q
q 0 0 0 rg BT 438.29 590.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 452.38 590.70 Td (each ) Tj ET Q
q 0 0 0 rg BT 475.21 590.70 Td (company�) Tj ET Q
q 0 0 0 rg BT 516.61 590.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 524.29 590.70 Td (business, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.86 578.10 Td (condition ) Tj ET Q
q 0 0 0 rg BT 131.14 578.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 148.93 578.10 Td (results ) Tj ET Q
q 0 0 0 rg BT 178.97 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.34 578.10 Td (operations.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 552.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 97.31 552.90 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 137.41 552.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 153.30 552.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 170.61 552.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 186.40 552.90 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 236.11 552.90 Td (restricts ) Tj ET Q
q 0 0 0 rg BT 272.42 552.90 Td (us ) Tj ET Q
q 0 0 0 rg BT 284.82 552.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 308.29 552.90 Td (taking ) Tj ET Q
q 0 0 0 rg BT 337.60 552.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 369.23 552.90 Td (actions ) Tj ET Q
q 0 0 0 rg BT 402.03 552.90 Td (without ) Tj ET Q
q 0 0 0 rg BT 437.18 552.90 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 475.60 552.90 Td (T) Tj ET Q
q 0 0 0 rg BT 481.29 552.90 Td (empleton�) Tj ET Q
q 0 0 0 rg BT 523.28 552.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 530.43 552.90 Td (consent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (while ) Tj ET Q
q 0 0 0 rg BT 75.43 540.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 90.86 540.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 108.17 540.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 124.18 540.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 133.78 540.30 Td (pending. ) Tj ET Q
q 0 0 0 rg BT 172.84 540.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 175.44 540.30 Td (If ) Tj ET Q
q 0 0 0 rg BT 185.04 540.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.47 540.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 217.77 540.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 233.79 540.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 243.39 540.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 259.41 540.30 Td (completed, ) Tj ET Q
q 0 0 0 rg BT 308.38 540.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 332.55 540.30 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 381.81 540.30 Td (could ) Tj ET Q
q 0 0 0 rg BT 407.74 540.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 430.17 540.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 437.43 540.30 Td (material ) Tj ET Q
q 0 0 0 rg BT 474.43 540.30 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 509.10 540.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 517.07 540.30 Td (fect ) Tj ET Q
q 0 0 0 rg BT 535.41 540.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 548.51 540.30 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (business, ) Tj ET Q
q 0 0 0 rg BT 90.23 527.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 129.48 527.70 Td (condition ) Tj ET Q
q 0 0 0 rg BT 171.65 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 189.33 527.70 Td (results ) Tj ET Q
q 0 0 0 rg BT 219.26 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.53 527.70 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 279.41 527.70 Td (Please ) Tj ET Q
q 0 0 0 rg BT 308.75 527.70 Td (see ) Tj ET Q
q 0 0 0 rg BT 324.67 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.02 527.70 Td (section ) Tj ET Q
q 0 0 0 rg BT 372.27 527.70 Td (entitled ) Tj ET Q
q 0 0 0 rg BT 406.28 527.70 Td (�The ) Tj ET Q
q 0 0 0 rg BT 429.23 527.70 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 478.39 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 496.07 527.70 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 517.25 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 528.51 527.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 545.82 527.70 Td (ger) Tj ET Q
q 0 0 0 rg BT 559.02 527.70 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (Covenants ) Tj ET Q
q 0 0 0 rg BT 95.90 515.10 Td (Regarding ) Tj ET Q
q 0 0 0 rg BT 141.71 515.10 Td (Conduct ) Tj ET Q
q 0 0 0 rg BT 179.36 515.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.17 515.10 Td (Business ) Tj ET Q
q 0 0 0 rg BT 229.59 515.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 242.16 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.05 515.10 Td (Company ) Tj ET Q
q 0 0 0 rg BT 299.95 515.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 317.19 515.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 329.18 515.10 Td (Subsidiaries ) Tj ET Q
q 0 0 0 rg BT 382.58 515.10 Td (Prior ) Tj ET Q
q 0 0 0 rg BT 405.65 515.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 415.89 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 430.78 515.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 448.09 515.10 Td (ger� ) Tj ET Q
q 0 0 0 rg BT 468.23 515.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 478.46 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 493.36 515.10 Td (Proxy ) Tj ET Q
q 0 0 0 rg BT 520.52 515.10 Td (Statement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.37 502.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 71.65 502.50 Td (description ) Tj ET Q
q 0 0 0 rg BT 120.94 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.31 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.76 502.50 Td (restrictive ) Tj ET Q
q 0 0 0 rg BT 192.37 502.50 Td (covenants ) Tj ET Q
q 0 0 0 rg BT 236.98 502.50 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 282.75 502.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 293.54 502.50 Td (us ) Tj ET Q
q 0 0 0 rg BT 305.50 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 323.29 502.50 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 361.30 502.50 Td (T) Tj ET Q
q 0 0 0 rg BT 366.99 502.50 Td (empleton.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 477.30 Td (Litigation ) Tj ET Q
q 0 0 0 rg BT 129.81 477.30 Td (Against ) Tj ET Q
q 0 0 0 rg BT 165.10 477.30 Td (Us ) Tj ET Q
q 0 0 0 rg BT 178.79 477.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 190.14 477.30 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 231.27 477.30 Td (T) Tj ET Q
q 0 0 0 rg BT 236.72 477.30 Td (empleton, ) Tj ET Q
q 0 0 0 rg BT 281.03 477.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 292.38 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 307.82 477.30 Td (Members ) Tj ET Q
q 0 0 0 rg BT 350.09 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.85 477.30 Td (Our ) Tj ET Q
q 0 0 0 rg BT 380.38 477.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 391.74 477.30 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 432.86 477.30 Td (T) Tj ET Q
q 0 0 0 rg BT 438.31 477.30 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 480.00 477.30 Td (Board ) Tj ET Q
q 0 0 0 rg BT 508.86 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.63 477.30 Td (Directors, ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td (Could ) Tj ET Q
q 0 0 0 rg BT 78.39 464.70 Td (Prevent ) Tj ET Q
q 0 0 0 rg BT 114.25 464.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 126.21 464.70 Td (Delay ) Tj ET Q
q 0 0 0 rg BT 153.91 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 169.95 464.70 Td (Completion ) Tj ET Q
q 0 0 0 rg BT 222.75 464.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.12 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.17 464.70 Td (Merger) Tj ET Q
q 0 0 0 rg BT 281.67 464.70 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 439.50 Td (While ) Tj ET Q
q 0 0 0 rg BT 113.63 439.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 128.35 439.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 145.98 439.50 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 183.85 439.50 Td (T) Tj ET Q
q 0 0 0 rg BT 189.54 439.50 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 231.08 439.50 Td (believe ) Tj ET Q
q 0 0 0 rg BT 263.87 439.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 282.09 439.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 299.72 439.50 Td (claims ) Tj ET Q
q 0 0 0 rg BT 329.61 439.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 347.82 439.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 368.37 439.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 380.76 439.50 Td (asserted ) Tj ET Q
q 0 0 0 rg BT 417.05 439.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 430.02 439.50 Td (purported ) Tj ET Q
q 0 0 0 rg BT 473.32 439.50 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 524.78 439.50 Td (plaintif) Tj ET Q
q 0 0 0 rg BT 554.92 439.50 Td (fs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 80.54 426.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 91.18 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.48 426.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 123.79 426.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 139.67 426.90 Td (would ) Tj ET Q
q 0 0 0 rg BT 168.40 426.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 180.78 426.90 Td (without ) Tj ET Q
q 0 0 0 rg BT 215.34 426.90 Td (merit, ) Tj ET Q
q 0 0 0 rg BT 242.60 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.91 426.90 Td (results ) Tj ET Q
q 0 0 0 rg BT 287.80 426.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 299.02 426.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 316.65 426.90 Td (such ) Tj ET Q
q 0 0 0 rg BT 338.38 426.90 Td (potential ) Tj ET Q
q 0 0 0 rg BT 377.59 426.90 Td (legal ) Tj ET Q
q 0 0 0 rg BT 400.47 426.90 Td (proceedings ) Tj ET Q
q 0 0 0 rg BT 453.68 426.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 468.97 426.90 Td (dif) Tj ET Q
q 0 0 0 rg BT 480.45 426.90 Td (ficult ) Tj ET Q
q 0 0 0 rg BT 505.08 426.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 515.73 426.90 Td (predict ) Tj ET Q
q 0 0 0 rg BT 547.35 426.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (could ) Tj ET Q
q 0 0 0 rg BT 74.45 414.30 Td (delay ) Tj ET Q
q 0 0 0 rg BT 98.80 414.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 109.17 414.30 Td (prevent ) Tj ET Q
q 0 0 0 rg BT 142.27 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.72 414.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 174.02 414.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 189.05 414.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 211.08 414.30 Td (being ) Tj ET Q
q 0 0 0 rg BT 236.03 414.30 Td (competed ) Tj ET Q
q 0 0 0 rg BT 278.46 414.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 288.25 414.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 294.53 414.30 Td (timely ) Tj ET Q
q 0 0 0 rg BT 322.98 414.30 Td (manner) Tj ET Q
q 0 0 0 rg BT 353.88 414.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 358.13 414.30 Td (Moreover) Tj ET Q
q 0 0 0 rg BT 399.11 414.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 403.35 414.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 420.13 414.30 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 459.66 414.30 Td (could ) Tj ET Q
q 0 0 0 rg BT 484.61 414.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 496.14 414.30 Td (time ) Tj ET Q
q 0 0 0 rg BT 516.42 414.30 Td (consuming ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.78 401.70 Td (expensive, ) Tj ET Q
q 0 0 0 rg BT 115.52 401.70 Td (could ) Tj ET Q
q 0 0 0 rg BT 141.97 401.70 Td (divert ) Tj ET Q
q 0 0 0 rg BT 169.58 401.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 186.70 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 204.98 401.70 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 243.46 401.70 Td (T) Tj ET Q
q 0 0 0 rg BT 249.14 401.70 Td (empleton�) Tj ET Q
q 0 0 0 rg BT 291.14 401.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 298.34 401.70 Td (management�) Tj ET Q
q 0 0 0 rg BT 354.91 401.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 362.12 401.70 Td (attention ) Tj ET Q
q 0 0 0 rg BT 401.98 401.70 Td (away ) Tj ET Q
q 0 0 0 rg BT 427.26 401.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 450.79 401.70 Td (their ) Tj ET Q
q 0 0 0 rg BT 473.15 401.70 Td (regular ) Tj ET Q
q 0 0 0 rg BT 506.01 401.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 544.72 401.70 Td (and, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 66.95 389.10 Td (lawsuit ) Tj ET Q
q 0 0 0 rg BT 99.57 389.10 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 142.09 389.10 Td (resolved ) Tj ET Q
q 0 0 0 rg BT 179.95 389.10 Td (against ) Tj ET Q
q 0 0 0 rg BT 211.99 389.10 Td (us, ) Tj ET Q
q 0 0 0 rg BT 226.24 389.10 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 263.94 389.10 Td (T) Tj ET Q
q 0 0 0 rg BT 269.62 389.10 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 310.99 389.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 322.02 389.10 Td (members ) Tj ET Q
q 0 0 0 rg BT 362.80 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 373.83 389.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 390.12 389.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 401.16 389.10 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 438.86 389.10 Td (T) Tj ET Q
q 0 0 0 rg BT 444.54 389.10 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 485.91 389.10 Td (board ) Tj ET Q
q 0 0 0 rg BT 512.10 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 523.14 389.10 Td (directors, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (could ) Tj ET Q
q 0 0 0 rg BT 75.45 376.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 97.90 376.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 105.19 376.50 Td (material ) Tj ET Q
q 0 0 0 rg BT 142.21 376.50 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 176.90 376.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 184.87 376.50 Td (fect ) Tj ET Q
q 0 0 0 rg BT 203.23 376.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 216.35 376.50 Td (each ) Tj ET Q
q 0 0 0 rg BT 238.21 376.50 Td (party�) Tj ET Q
q 0 0 0 rg BT 262.70 376.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 269.41 376.50 Td (business, ) Tj ET Q
q 0 0 0 rg BT 310.25 376.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 349.61 376.50 Td (condition ) Tj ET Q
q 0 0 0 rg BT 391.89 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 409.68 376.50 Td (results ) Tj ET Q
q 0 0 0 rg BT 439.72 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 451.09 376.50 Td (operations.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 351.30 Td (One ) Tj ET Q
q 0 0 0 rg BT 105.71 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.17 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.71 351.30 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 179.18 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 190.06 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 205.60 351.30 Td (consummation ) Tj ET Q
q 0 0 0 rg BT 270.15 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 281.61 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 297.15 351.30 Td (mer) Tj ET Q
q 0 0 0 rg BT 313.28 351.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 329.41 351.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 339.13 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.67 351.30 Td (absence ) Tj ET Q
q 0 0 0 rg BT 390.61 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.07 351.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 419.95 351.30 Td (statute, ) Tj ET Q
q 0 0 0 rg BT 452.70 351.30 Td (rule, ) Tj ET Q
q 0 0 0 rg BT 474.36 351.30 Td (regulation, ) Tj ET Q
q 0 0 0 rg BT 522.27 351.30 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (order) Tj ET Q
q 0 0 0 rg BT 71.23 338.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 76.78 338.70 Td (decree, ) Tj ET Q
q 0 0 0 rg BT 109.72 338.70 Td (ruling, ) Tj ET Q
q 0 0 0 rg BT 140.35 338.70 Td (temporary ) Tj ET Q
q 0 0 0 rg BT 186.42 338.70 Td (restraining ) Tj ET Q
q 0 0 0 rg BT 234.24 338.70 Td (order) Tj ET Q
q 0 0 0 rg BT 255.98 338.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 261.52 338.70 Td (preliminary ) Tj ET Q
q 0 0 0 rg BT 313.43 338.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 325.10 338.70 Td (permanent ) Tj ET Q
q 0 0 0 rg BT 372.34 338.70 Td (injunction ) Tj ET Q
q 0 0 0 rg BT 417.84 338.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 429.51 338.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 454.00 338.70 Td (order ) Tj ET Q
q 0 0 0 rg BT 479.08 338.70 Td (issued ) Tj ET Q
q 0 0 0 rg BT 508.25 338.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 521.68 338.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 529.26 338.70 Td (court ) Tj ET Q
q 0 0 0 rg BT 553.76 338.70 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 73.93 326.10 Td (government ) Tj ET Q
q 0 0 0 rg BT 126.94 326.10 Td (entity ) Tj ET Q
q 0 0 0 rg BT 153.71 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.31 326.10 Td (competent ) Tj ET Q
q 0 0 0 rg BT 211.90 326.10 Td (jurisdiction ) Tj ET Q
q 0 0 0 rg BT 262.59 326.10 Td (having ) Tj ET Q
q 0 0 0 rg BT 294.02 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 309.71 326.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 317.67 326.10 Td (fect ) Tj ET Q
q 0 0 0 rg BT 336.27 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 347.87 326.10 Td (making ) Tj ET Q
q 0 0 0 rg BT 382.22 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.90 326.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 415.21 326.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 431.47 326.10 Td (illegal ) Tj ET Q
q 0 0 0 rg BT 460.57 326.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 472.17 326.10 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 515.85 326.10 Td (prohibiting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.50 Td (consummation ) Tj ET Q
q 0 0 0 rg BT 113.98 313.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.39 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 140.87 313.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 158.18 313.50 Td (ger) Tj ET Q
q 0 0 0 rg BT 171.01 313.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 176.29 313.50 Td (Consequently) Tj ET Q
q 0 0 0 rg BT 233.35 313.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 238.64 313.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 247.71 313.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 255.02 313.50 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 300.84 313.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 312.24 313.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 336.47 313.50 Td (resolution ) Tj ET Q
q 0 0 0 rg BT 381.13 313.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 390.79 313.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 406.86 313.50 Td (reached ) Tj ET Q
q 0 0 0 rg BT 442.16 313.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 452.98 313.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 470.80 313.50 Td (lawsuit ) Tj ET Q
q 0 0 0 rg BT 503.79 313.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 522.19 313.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 531.85 313.50 Td (filed ) Tj ET Q
q 0 0 0 rg BT 553.75 313.50 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 67.02 300.90 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 112.52 300.90 Td (proceeding ) Tj ET Q
q 0 0 0 rg BT 161.53 300.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 179.04 300.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 186.06 300.90 Td (claimant ) Tj ET Q
q 0 0 0 rg BT 224.57 300.90 Td (secures ) Tj ET Q
q 0 0 0 rg BT 257.83 300.90 Td (injunctive ) Tj ET Q
q 0 0 0 rg BT 302.18 300.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 313.28 300.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 337.21 300.90 Td (relief ) Tj ET Q
q 0 0 0 rg BT 361.72 300.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 372.82 300.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 379.84 300.90 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 425.35 300.90 Td (authority ) Tj ET Q
q 0 0 0 rg BT 465.61 300.90 Td (issues ) Tj ET Q
q 0 0 0 rg BT 493.06 300.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 505.32 300.90 Td (order ) Tj ET Q
q 0 0 0 rg BT 529.84 300.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 540.94 300.90 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.30 Td (directive ) Tj ET Q
q 0 0 0 rg BT 89.25 288.30 Td (having ) Tj ET Q
q 0 0 0 rg BT 120.84 288.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 136.69 288.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 144.65 288.30 Td (fect ) Tj ET Q
q 0 0 0 rg BT 163.40 288.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 175.17 288.30 Td (making ) Tj ET Q
q 0 0 0 rg BT 209.68 288.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 225.52 288.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 242.83 288.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 259.25 288.30 Td (illegal ) Tj ET Q
q 0 0 0 rg BT 288.51 288.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 300.27 288.30 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 344.11 288.30 Td (prohibiting ) Tj ET Q
q 0 0 0 rg BT 393.79 288.30 Td (consummation ) Tj ET Q
q 0 0 0 rg BT 458.64 288.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 470.40 288.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 486.24 288.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 503.55 288.30 Td (ger) Tj ET Q
q 0 0 0 rg BT 516.53 288.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 522.17 288.30 Td (then ) Tj ET Q
q 0 0 0 rg BT 543.27 288.30 Td (such ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (injunctive ) Tj ET Q
q 0 0 0 rg BT 94.12 275.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 105.49 275.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 129.69 275.70 Td (relief ) Tj ET Q
q 0 0 0 rg BT 154.46 275.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 175.17 275.70 Td (prevent ) Tj ET Q
q 0 0 0 rg BT 209.28 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 224.73 275.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 242.03 275.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 258.06 275.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 281.10 275.70 Td (becoming ) Tj ET Q
q 0 0 0 rg BT 325.13 275.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 333.10 275.70 Td (fective ) Tj ET Q
q 0 0 0 rg BT 364.29 275.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 375.08 275.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 382.37 275.70 Td (timely ) Tj ET Q
q 0 0 0 rg BT 411.82 275.70 Td (manner ) Tj ET Q
q 0 0 0 rg BT 445.93 275.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 457.30 275.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 467.51 275.70 Td (all.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.50 Td (Risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.64 250.50 Td (Related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.67 250.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.04 250.50 Td (our) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.60 250.50 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.65 250.50 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.19 250.50 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.72 250.50 Td (Business) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.50 225.30 Td (Poor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.79 225.30 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.92 225.30 Td (Performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.79 225.30 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.34 225.30 Td (Lead ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.21 225.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.67 225.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.21 225.30 Td (Loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.34 225.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.03 225.30 Td (Assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.17 225.30 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.88 225.30 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.34 225.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.98 225.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.52 225.30 Td (Decline ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.05 225.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.10 225.30 Td (Revenues) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 200.10 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 200.10 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.04 200.10 Td (believe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.16 200.10 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.72 200.10 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.60 200.10 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.46 200.10 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.27 200.10 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.24 200.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.80 200.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.43 200.10 Td (most ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.66 200.10 Td (important ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.30 200.10 Td (factors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.67 200.10 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.73 200.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.36 200.10 Td (maintenance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.23 200.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.19 200.10 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 200.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.06 187.50 Td (AUM. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.48 187.50 Td (Poor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.60 187.50 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.97 187.50 Td (performance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.93 187.50 Td (either ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.12 187.50 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.91 187.50 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.11 187.50 Td (absolute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.40 187.50 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.43 187.50 Td (relative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.20 187.50 Td (basis, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.12 187.50 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.73 187.50 Td (impair ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.43 187.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.72 187.50 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.32 187.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.77 187.50 Td (growth ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.90 Td (because:) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 162.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 162.30 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.05 162.30 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.77 162.30 Td (might ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.57 162.30 Td (withdraw ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.53 162.30 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.17 162.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.64 162.30 Td (favor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.10 162.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.15 162.30 Td (better ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.35 162.30 Td (performing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.89 162.30 Td (products, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.98 162.30 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.95 162.30 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.50 162.30 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.13 162.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.60 162.30 Td (lower ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 149.70 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.20 149.70 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.99 149.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.77 149.70 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.97 149.70 Td (fees;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 137.10 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 137.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.12 137.10 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.58 137.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.37 137.10 Td (attract ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.23 137.10 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.18 137.10 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.22 137.10 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.09 137.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.88 137.10 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.00 137.10 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.03 137.10 Td (might ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.16 137.10 Td (diminish; ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.46 137.10 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 124.50 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 124.50 Td (negative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.69 124.50 Td (absolute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.31 124.50 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.01 124.50 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.69 124.50 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.65 124.50 Td (directly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.34 124.50 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.95 124.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.57 124.50 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.09 124.50 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.22 124.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.00 124.50 Td (revenues.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 99.30 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.87 99.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.25 99.30 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.95 99.30 Td (decline ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.65 99.30 Td (without ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.11 99.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.16 99.30 Td (commensurate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.77 99.30 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.80 99.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.35 99.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.73 99.30 Td (expenses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.64 99.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.02 99.30 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.22 99.30 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.51 99.30 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.23 99.30 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.52 99.30 Td (reduced. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.76 99.30 Td (From ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.70 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.47 86.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.95 86.70 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.54 86.70 Td (several ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.59 86.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.64 86.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.95 86.70 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.67 86.70 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.21 86.70 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.34 86.70 Td (generated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.45 86.70 Td (poor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.01 86.70 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.39 86.70 Td (performance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.38 86.70 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.19 86.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.15 86.70 Td (relative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.94 86.70 Td (basis ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.25 86.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.31 86.70 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.53 86.70 Td (absolute ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 74.10 Td (basis, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.18 74.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.40 74.10 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.02 74.10 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.23 74.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.04 74.10 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.83 74.10 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.63 74.10 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.76 74.10 Td (managed, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.34 74.10 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.05 74.10 Td (contributed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.93 74.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.15 74.10 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.86 74.10 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.24 74.10 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.95 74.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.17 74.10 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.79 74.10 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 74.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.50 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.90 61.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.15 61.50 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.89 61.50 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.63 61.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.88 61.50 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.02 61.50 Td (fees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.63 61.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.88 61.50 Td (some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.13 61.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.96 61.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.04 61.50 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.54 61.50 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.86 61.50 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.84 61.50 Td (face ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.41 61.50 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.07 61.50 Td (issues. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.72 61.50 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.79 61.50 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.53 61.50 Td (face ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.10 61.50 Td (periodic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.90 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.29 48.90 Td (issues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.11 48.90 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.52 48.90 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.82 48.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.31 48.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.04 48.90 Td (products, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.57 48.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.46 48.90 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.19 48.90 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.93 48.90 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.41 48.90 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.81 48.90 Td (lag ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.38 48.90 Td (before ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.93 48.90 Td (improvements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.74 48.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.65 48.90 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.46 48.90 Td (performance ) Tj ET Q
endstream
endobj
45 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 46 0 R>>
endobj
46 0 obj
<</Length 48068>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (produce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.22 741.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.79 741.75 Td (positive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.94 741.75 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.91 741.75 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.54 741.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.95 741.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.26 741.75 Td (flows. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.12 741.75 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.77 741.75 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.72 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.45 741.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.76 741.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.31 741.75 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.63 741.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.53 741.75 Td (experienced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.15 741.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.72 741.75 Td (continued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.03 741.75 Td (weakening ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.53 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.22 729.15 Td (correlation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.55 729.15 Td (between ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.40 729.15 Td (strong ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.51 729.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.44 729.15 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.35 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.37 729.15 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.88 729.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.15 729.15 Td (flows. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.83 729.15 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.17 729.15 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.60 729.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.38 729.15 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.73 729.15 Td (assurances ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.49 729.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.10 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.13 729.15 Td (when, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.87 716.55 Td (if, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.54 716.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.24 716.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.91 716.55 Td (issues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.63 716.55 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.59 716.55 Td (cease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.94 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.73 716.55 Td (negatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.09 716.55 Td (influence ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.78 716.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.82 716.55 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.95 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.74 716.55 Td (revenues.) Tj ET Q
BT /F6 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 73.50 691.35 Td (Our ) Tj ET Q
q 0 0 0 rg BT 92.74 691.35 Td (Business ) Tj ET Q
q 0 0 0 rg BT 132.99 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 151.05 691.35 Td (Operations ) Tj ET Q
q 0 0 0 rg BT 200.62 691.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 216.35 691.35 Td (Subject ) Tj ET Q
q 0 0 0 rg BT 250.16 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 259.80 691.35 Td (Adverse ) Tj ET Q
q 0 0 0 rg BT 295.94 691.35 Td (Ef) Tj ET Q
q 0 0 0 rg BT 306.25 691.35 Td (fects ) Tj ET Q
q 0 0 0 rg BT 327.80 691.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 350.53 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.67 691.35 Td (Outbreak ) Tj ET Q
q 0 0 0 rg BT 408.24 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 426.31 691.35 Td (Spread ) Tj ET Q
q 0 0 0 rg BT 458.37 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 468.84 691.35 Td (Contagious ) Tj ET Q
q 0 0 0 rg BT 520.18 691.35 Td (Diseases ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (Such ) Tj ET Q
q 0 0 0 rg BT 74.31 678.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 86.27 678.75 Td (COVID-19, ) Tj ET Q
q 0 0 0 rg BT 138.77 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 157.55 678.75 Td (W) Tj ET Q
q 0 0 0 rg BT 166.10 678.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 173.39 678.75 Td (Expect ) Tj ET Q
q 0 0 0 rg BT 205.76 678.75 Td (Such ) Tj ET Q
q 0 0 0 rg BT 230.17 678.75 Td (Adverse ) Tj ET Q
q 0 0 0 rg BT 267.21 678.75 Td (Ef) Tj ET Q
q 0 0 0 rg BT 277.52 678.75 Td (fects ) Tj ET Q
q 0 0 0 rg BT 299.96 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 310.76 678.75 Td (Continue.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 353.65 678.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 653.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 103.74 653.55 Td (outbreak ) Tj ET Q
q 0 0 0 rg BT 142.40 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 159.48 653.55 Td (spread ) Tj ET Q
q 0 0 0 rg BT 188.80 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 199.47 653.55 Td (contagious ) Tj ET Q
q 0 0 0 rg BT 246.88 653.55 Td (diseases ) Tj ET Q
q 0 0 0 rg BT 283.21 653.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 304.37 653.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 315.04 653.55 Td (COVID-19, ) Tj ET Q
q 0 0 0 rg BT 366.83 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 373.41 653.55 Td (highly ) Tj ET Q
q 0 0 0 rg BT 402.16 653.55 Td (transmissible ) Tj ET Q
q 0 0 0 rg BT 459.49 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 476.57 653.55 Td (pathogenic ) Tj ET Q
q 0 0 0 rg BT 524.56 653.55 Td (disease, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 66.12 640.95 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 101.99 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 119.78 640.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 138.74 640.95 Td (likely ) Tj ET Q
q 0 0 0 rg BT 165.28 640.95 Td (continue ) Tj ET Q
q 0 0 0 rg BT 204.07 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 214.86 640.95 Td (result ) Tj ET Q
q 0 0 0 rg BT 240.82 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 251.61 640.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 258.90 640.95 Td (widespread ) Tj ET Q
q 0 0 0 rg BT 309.34 640.95 Td (national ) Tj ET Q
q 0 0 0 rg BT 345.79 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 363.58 640.95 Td (global ) Tj ET Q
q 0 0 0 rg BT 392.46 640.95 Td (public ) Tj ET Q
q 0 0 0 rg BT 421.33 640.95 Td (health ) Tj ET Q
q 0 0 0 rg BT 449.61 640.95 Td (crisis, ) Tj ET Q
q 0 0 0 rg BT 477.03 640.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 505.32 640.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 521.94 640.95 Td (had, ) Tj ET Q
q 0 0 0 rg BT 542.36 640.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 63.89 628.35 Td (expect ) Tj ET Q
q 0 0 0 rg BT 93.44 628.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 111.92 628.35 Td (continue ) Tj ET Q
q 0 0 0 rg BT 150.22 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 160.54 628.35 Td (have, ) Tj ET Q
q 0 0 0 rg BT 185.13 628.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 197.19 628.35 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 231.40 628.35 Td (ef) Tj ET Q
q 0 0 0 rg BT 239.37 628.35 Td (fect ) Tj ET Q
q 0 0 0 rg BT 257.25 628.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 269.90 628.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 286.04 628.35 Td (business, ) Tj ET Q
q 0 0 0 rg BT 326.40 628.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 365.28 628.35 Td (condition ) Tj ET Q
q 0 0 0 rg BT 407.09 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 424.40 628.35 Td (results ) Tj ET Q
q 0 0 0 rg BT 453.96 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 464.85 628.35 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 513.36 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 515.51 628.35 Td (Infectious ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (illness ) Tj ET Q
q 0 0 0 rg BT 79.48 615.75 Td (outbreaks ) Tj ET Q
q 0 0 0 rg BT 123.45 615.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 135.35 615.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 160.07 615.75 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 195.28 615.75 Td (public ) Tj ET Q
q 0 0 0 rg BT 224.68 615.75 Td (health ) Tj ET Q
q 0 0 0 rg BT 253.48 615.75 Td (developments ) Tj ET Q
q 0 0 0 rg BT 314.95 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 326.27 615.75 Td (countries ) Tj ET Q
q 0 0 0 rg BT 367.90 615.75 Td (where ) Tj ET Q
q 0 0 0 rg BT 396.70 615.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 412.09 615.75 Td (operate, ) Tj ET Q
q 0 0 0 rg BT 448.76 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 460.66 615.75 Td (well ) Tj ET Q
q 0 0 0 rg BT 481.88 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 493.78 615.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 512.09 615.75 Td (local, ) Tj ET Q
q 0 0 0 rg BT 538.27 615.75 Td (state ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 80.99 603.15 Td (national ) Tj ET Q
q 0 0 0 rg BT 119.48 603.15 Td (government ) Tj ET Q
q 0 0 0 rg BT 174.29 603.15 Td (restrictive ) Tj ET Q
q 0 0 0 rg BT 220.94 603.15 Td (measures ) Tj ET Q
q 0 0 0 rg BT 264.67 603.15 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 324.16 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 336.99 603.15 Td (control ) Tj ET Q
q 0 0 0 rg BT 371.39 603.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 395.30 603.15 Td (outbreaks, ) Tj ET Q
q 0 0 0 rg BT 443.42 603.15 Td (could ) Tj ET Q
q 0 0 0 rg BT 471.41 603.15 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 516.30 603.15 Td (af) Tj ET Q
q 0 0 0 rg BT 524.27 603.15 Td (fect ) Tj ET Q
q 0 0 0 rg BT 544.67 603.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (economies ) Tj ET Q
q 0 0 0 rg BT 97.38 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.10 590.55 Td (many ) Tj ET Q
q 0 0 0 rg BT 135.41 590.55 Td (nations ) Tj ET Q
q 0 0 0 rg BT 168.71 590.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 180.44 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 196.24 590.55 Td (entire ) Tj ET Q
q 0 0 0 rg BT 223.12 590.55 Td (global ) Tj ET Q
q 0 0 0 rg BT 252.34 590.55 Td (economy) Tj ET Q
q 0 0 0 rg BT 290.15 590.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 295.75 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 311.55 590.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 351.26 590.55 Td (condition ) Tj ET Q
q 0 0 0 rg BT 393.90 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 405.62 590.55 Td (individual ) Tj ET Q
q 0 0 0 rg BT 451.18 590.55 Td (issuers ) Tj ET Q
q 0 0 0 rg BT 482.74 590.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 494.46 590.55 Td (companies ) Tj ET Q
q 0 0 0 rg BT 542.34 590.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 79.05 577.95 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 116.49 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 126.23 577.95 Td (ways ) Tj ET Q
q 0 0 0 rg BT 149.38 577.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 166.69 577.95 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 196.25 577.95 Td (necessarily ) Tj ET Q
q 0 0 0 rg BT 244.47 577.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 255.95 577.95 Td (foreseen, ) Tj ET Q
q 0 0 0 rg BT 295.71 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.44 577.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 333.26 577.95 Td (impacts ) Tj ET Q
q 0 0 0 rg BT 367.49 577.95 Td (could ) Tj ET Q
q 0 0 0 rg BT 392.38 577.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 403.87 577.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 449.76 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 466.49 577.95 Td (long ) Tj ET Q
q 0 0 0 rg BT 486.73 577.95 Td (term. ) Tj ET Q
q 0 0 0 rg BT 510.17 577.95 Td (In ) Tj ET Q
q 0 0 0 rg BT 520.48 577.95 Td (addition, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 73.48 565.35 Td (events ) Tj ET Q
q 0 0 0 rg BT 102.71 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 120.27 565.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 141.92 565.35 Td (aftermaths ) Tj ET Q
q 0 0 0 rg BT 188.63 565.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 209.12 565.35 Td (cause ) Tj ET Q
q 0 0 0 rg BT 234.84 565.35 Td (investor ) Tj ET Q
q 0 0 0 rg BT 271.07 565.35 Td (fear ) Tj ET Q
q 0 0 0 rg BT 289.79 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 307.35 565.35 Td (panic, ) Tj ET Q
q 0 0 0 rg BT 335.12 565.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 363.18 565.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 388.91 565.35 Td (further ) Tj ET Q
q 0 0 0 rg BT 419.88 565.35 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 462.52 565.35 Td (af) Tj ET Q
q 0 0 0 rg BT 470.49 565.35 Td (fect ) Tj ET Q
q 0 0 0 rg BT 488.63 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 499.20 565.35 Td (unforeseeable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (ways ) Tj ET Q
q 0 0 0 rg BT 73.47 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 88.69 552.75 Td (operations ) Tj ET Q
q 0 0 0 rg BT 134.81 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 152.36 552.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 207.80 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 218.94 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.16 552.75 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 284.07 552.75 Td (sectors, ) Tj ET Q
q 0 0 0 rg BT 318.25 552.75 Td (nations, ) Tj ET Q
q 0 0 0 rg BT 353.59 552.75 Td (regions ) Tj ET Q
q 0 0 0 rg BT 386.89 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 397.45 552.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 425.50 552.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 440.13 552.75 Td (invest ) Tj ET Q
q 0 0 0 rg BT 467.60 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 485.15 552.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 524.27 552.75 Td (markets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.01 540.15 Td (general. ) Tj ET Q
q 0 0 0 rg BT 97.64 540.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 117.31 540.15 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 167.90 540.15 Td (pandemic ) Tj ET Q
q 0 0 0 rg BT 212.06 540.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 229.40 540.15 Td (already ) Tj ET Q
q 0 0 0 rg BT 263.64 540.15 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 307.22 540.15 Td (af) Tj ET Q
q 0 0 0 rg BT 315.19 540.15 Td (fected ) Tj ET Q
q 0 0 0 rg BT 344.18 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 362.69 540.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 382.37 540.15 Td (likely ) Tj ET Q
q 0 0 0 rg BT 409.63 540.15 Td (continue ) Tj ET Q
q 0 0 0 rg BT 449.13 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 460.64 540.15 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 504.22 540.15 Td (af) Tj ET Q
q 0 0 0 rg BT 512.19 540.15 Td (fect ) Tj ET Q
q 0 0 0 rg BT 531.27 540.15 Td (global ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (economies ) Tj ET Q
q 0 0 0 rg BT 97.20 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 115.16 527.55 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 153.83 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 171.79 527.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 188.58 527.55 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 224.62 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 235.59 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 243.05 527.55 Td (global ) Tj ET Q
q 0 0 0 rg BT 272.09 527.55 Td (economic ) Tj ET Q
q 0 0 0 rg BT 315.71 527.55 Td (downturn ) Tj ET Q
q 0 0 0 rg BT 358.76 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 376.72 527.55 Td (disruptions ) Tj ET Q
q 0 0 0 rg BT 426.19 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 437.15 527.55 Td (commerce ) Tj ET Q
q 0 0 0 rg BT 483.68 527.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 502.22 527.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 521.36 527.55 Td (continue ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.11 514.95 Td (evolve, ) Tj ET Q
q 0 0 0 rg BT 93.16 514.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 135.27 514.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 156.37 514.95 Td (respect ) Tj ET Q
q 0 0 0 rg BT 188.55 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 199.15 514.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 238.33 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 255.93 514.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 279.94 514.95 Td (economic ) Tj ET Q
q 0 0 0 rg BT 323.20 514.95 Td (activities, ) Tj ET Q
q 0 0 0 rg BT 366.17 514.95 Td (services, ) Tj ET Q
q 0 0 0 rg BT 405.06 514.95 Td (travel ) Tj ET Q
q 0 0 0 rg BT 431.40 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 449.00 514.95 Td (supply ) Tj ET Q
q 0 0 0 rg BT 479.44 514.95 Td (chains. ) Tj ET Q
q 0 0 0 rg BT 511.33 514.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 542.35 514.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (national ) Tj ET Q
q 0 0 0 rg BT 84.82 502.35 Td (health ) Tj ET Q
q 0 0 0 rg BT 111.98 502.35 Td (concerns, ) Tj ET Q
q 0 0 0 rg BT 153.42 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 170.08 502.35 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 218.82 502.35 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 260.55 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.88 502.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 304.95 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 315.20 502.35 Td (COVID-19, ) Tj ET Q
q 0 0 0 rg BT 366.57 502.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 391.40 502.35 Td (lead ) Tj ET Q
q 0 0 0 rg BT 410.39 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 420.06 502.35 Td (further ) Tj ET Q
q 0 0 0 rg BT 450.13 502.35 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 478.45 502.35 Td (increased ) Tj ET Q
q 0 0 0 rg BT 519.60 502.35 Td (volatility ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.18 489.75 Td (global ) Tj ET Q
q 0 0 0 rg BT 88.94 489.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 119.44 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 137.12 489.75 Td (credit ) Tj ET Q
q 0 0 0 rg BT 163.53 489.75 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 201.91 489.75 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 244.66 489.75 Td (af) Tj ET Q
q 0 0 0 rg BT 252.63 489.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 270.88 489.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 287.39 489.75 Td (key ) Tj ET Q
q 0 0 0 rg BT 305.06 489.75 Td (executives ) Tj ET Q
q 0 0 0 rg BT 351.89 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 369.57 489.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 393.66 489.75 Td (personnel, ) Tj ET Q
q 0 0 0 rg BT 439.62 489.75 Td (clients, ) Tj ET Q
q 0 0 0 rg BT 472.17 489.75 Td (investors, ) Tj ET Q
q 0 0 0 rg BT 515.22 489.75 Td (providers, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (suppliers, ) Tj ET Q
q 0 0 0 rg BT 92.67 477.15 Td (lessees, ) Tj ET Q
q 0 0 0 rg BT 127.07 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 144.86 477.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 169.06 477.15 Td (third ) Tj ET Q
q 0 0 0 rg BT 191.52 477.15 Td (parties, ) Tj ET Q
q 0 0 0 rg BT 224.75 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 242.54 477.15 Td (negatively ) Tj ET Q
q 0 0 0 rg BT 288.90 477.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 320.10 477.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 336.14 477.15 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 365.89 477.15 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 408.46 477.15 Td (income, ) Tj ET Q
q 0 0 0 rg BT 444.61 477.15 Td (business ) Tj ET Q
q 0 0 0 rg BT 482.83 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 500.61 477.15 Td (operations.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 451.95 Td (Like ) Tj ET Q
q 0 0 0 rg BT 108.87 451.95 Td (many ) Tj ET Q
q 0 0 0 rg BT 136.33 451.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 162.04 451.95 Td (global ) Tj ET Q
q 0 0 0 rg BT 192.41 451.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 242.62 451.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 300.40 451.95 Td (or) Tj ET Q
q 0 0 0 rg BT 308.95 451.95 Td (ganizations, ) Tj ET Q
q 0 0 0 rg BT 363.53 451.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 381.66 451.95 Td (business ) Tj ET Q
q 0 0 0 rg BT 421.37 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 440.66 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 457.62 451.95 Td (businesses ) Tj ET Q
q 0 0 0 rg BT 506.09 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.96 451.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 537.09 451.95 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 105.81 439.35 Td (af) Tj ET Q
q 0 0 0 rg BT 113.77 439.35 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 147.63 439.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 170.12 439.35 Td (been ) Tj ET Q
q 0 0 0 rg BT 192.60 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 210.42 439.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 229.42 439.35 Td (likely ) Tj ET Q
q 0 0 0 rg BT 255.99 439.35 Td (continue ) Tj ET Q
q 0 0 0 rg BT 294.81 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 305.64 439.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 318.21 439.35 Td (negatively ) Tj ET Q
q 0 0 0 rg BT 364.60 439.35 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 405.75 439.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 418.91 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 434.40 439.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 466.79 439.35 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 516.70 439.35 Td (pandemic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.35 426.75 Td (ensuing ) Tj ET Q
q 0 0 0 rg BT 100.70 426.75 Td (economic ) Tj ET Q
q 0 0 0 rg BT 143.21 426.75 Td (downturn ) Tj ET Q
q 0 0 0 rg BT 185.14 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 195.00 426.75 Td (global ) Tj ET Q
q 0 0 0 rg BT 222.93 426.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 261.35 426.75 Td (markets. ) Tj ET Q
q 0 0 0 rg BT 298.78 426.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 316.79 426.75 Td (global ) Tj ET Q
q 0 0 0 rg BT 344.73 426.75 Td (spread ) Tj ET Q
q 0 0 0 rg BT 373.82 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 384.25 426.75 Td (COVID-19, ) Tj ET Q
q 0 0 0 rg BT 435.81 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 452.66 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 467.18 426.75 Td (various ) Tj ET Q
q 0 0 0 rg BT 499.78 426.75 Td (governmental ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (actions ) Tj ET Q
q 0 0 0 rg BT 81.09 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 98.09 414.15 Td (economic ) Tj ET Q
q 0 0 0 rg BT 140.75 414.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 148.72 414.15 Td (fects ) Tj ET Q
q 0 0 0 rg BT 170.38 414.15 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 208.97 414.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 231.23 414.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 233.07 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 247.74 414.15 Td (pandemic, ) Tj ET Q
q 0 0 0 rg BT 293.03 414.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 314.69 414.15 Td (had, ) Tj ET Q
q 0 0 0 rg BT 334.32 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 351.32 414.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 365.98 414.15 Td (expected ) Tj ET Q
q 0 0 0 rg BT 405.14 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 415.15 414.15 Td (continue ) Tj ET Q
q 0 0 0 rg BT 453.15 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 463.16 414.15 Td (have, ) Tj ET Q
q 0 0 0 rg BT 487.45 414.15 Td (negative ) Tj ET Q
q 0 0 0 rg BT 524.86 414.15 Td (impacts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.36 401.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 78.71 401.55 Td (business ) Tj ET Q
q 0 0 0 rg BT 116.65 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.17 401.55 Td (operations, ) Tj ET Q
q 0 0 0 rg BT 182.89 401.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 224.91 401.55 Td (decreased ) Tj ET Q
q 0 0 0 rg BT 268.65 401.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 291.42 401.55 Td (values, ) Tj ET Q
q 0 0 0 rg BT 323.22 401.55 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 358.81 401.55 Td (demand ) Tj ET Q
q 0 0 0 rg BT 394.40 401.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 409.00 401.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 425.35 401.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 463.87 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 481.39 401.55 Td (services, ) Tj ET Q
q 0 0 0 rg BT 520.19 401.55 Td (concerns ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.97 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 83.36 388.95 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 133.25 388.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 146.98 388.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 164.20 388.95 Td (personnel ) Tj ET Q
q 0 0 0 rg BT 208.25 388.95 Td (\(including ) Tj ET Q
q 0 0 0 rg BT 254.64 388.95 Td (health ) Tj ET Q
q 0 0 0 rg BT 283.52 388.95 Td (concerns, ) Tj ET Q
q 0 0 0 rg BT 326.69 388.95 Td (quarantines, ) Tj ET Q
q 0 0 0 rg BT 380.95 388.95 Td (shelter) Tj ET Q
q 0 0 0 rg BT 408.72 388.95 Td (-in-place ) Tj ET Q
q 0 0 0 rg BT 449.26 388.95 Td (orders ) Tj ET Q
q 0 0 0 rg BT 478.73 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 497.12 388.95 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 547.01 388.95 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (travel\), ) Tj ET Q
q 0 0 0 rg BT 82.46 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 100.55 376.35 Td (increased ) Tj ET Q
q 0 0 0 rg BT 143.13 376.35 Td (cyber ) Tj ET Q
q 0 0 0 rg BT 169.38 376.35 Td (security ) Tj ET Q
q 0 0 0 rg BT 205.55 376.35 Td (risks. ) Tj ET Q
q 0 0 0 rg BT 230.73 376.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 249.99 376.35 Td (economic ) Tj ET Q
q 0 0 0 rg BT 293.74 376.35 Td (downturn ) Tj ET Q
q 0 0 0 rg BT 336.92 376.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 368.41 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 379.51 376.35 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 429.69 376.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 446.62 376.35 Td (caused ) Tj ET Q
q 0 0 0 rg BT 478.12 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 481.06 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 499.15 376.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 509.09 376.35 Td (expected ) Tj ET Q
q 0 0 0 rg BT 549.33 376.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (continue ) Tj ET Q
q 0 0 0 rg BT 87.90 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 98.31 363.75 Td (cause, ) Tj ET Q
q 0 0 0 rg BT 126.49 363.75 Td (decreases ) Tj ET Q
q 0 0 0 rg BT 168.95 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 186.35 363.75 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 238.17 363.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 248.58 363.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 264.32 363.75 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 293.69 363.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 333.24 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 350.65 363.75 Td (income, ) Tj ET Q
q 0 0 0 rg BT 386.42 363.75 Td (increased ) Tj ET Q
q 0 0 0 rg BT 428.30 363.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 466.13 363.75 Td (risks ) Tj ET Q
q 0 0 0 rg BT 488.21 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 505.61 363.75 Td (redemptions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.51 351.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 77.35 351.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 103.53 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 121.53 351.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 145.95 351.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 184.95 351.15 Td (\(which ) Tj ET Q
q 0 0 0 rg BT 216.95 351.15 Td (could ) Tj ET Q
q 0 0 0 rg BT 243.12 351.15 Td (result ) Tj ET Q
q 0 0 0 rg BT 269.29 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 280.30 351.15 Td (dif) Tj ET Q
q 0 0 0 rg BT 291.78 351.15 Td (ficulties ) Tj ET Q
q 0 0 0 rg BT 328.44 351.15 Td (obtaining ) Tj ET Q
q 0 0 0 rg BT 370.95 351.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 392.45 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 403.46 351.15 Td (settle ) Tj ET Q
q 0 0 0 rg BT 428.46 351.15 Td (redemptions\), ) Tj ET Q
q 0 0 0 rg BT 489.34 351.15 Td (poor ) Tj ET Q
q 0 0 0 rg BT 511.42 351.15 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.60 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.40 338.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 134.44 338.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 173.65 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 191.86 338.55 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 234.55 338.55 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 290.39 338.55 Td (increased ) Tj ET Q
q 0 0 0 rg BT 333.08 338.55 Td (focus ) Tj ET Q
q 0 0 0 rg BT 358.88 338.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 372.43 338.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 409.29 338.55 Td (management, ) Tj ET Q
q 0 0 0 rg BT 468.61 338.55 Td (capital ) Tj ET Q
q 0 0 0 rg BT 499.65 338.55 Td (resources ) Tj ET Q
q 0 0 0 rg BT 542.34 338.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 80.69 325.95 Td (planning, ) Tj ET Q
q 0 0 0 rg BT 122.68 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 140.47 325.95 Td (could ) Tj ET Q
q 0 0 0 rg BT 166.42 325.95 Td (cause ) Tj ET Q
q 0 0 0 rg BT 192.37 325.95 Td (reputational ) Tj ET Q
q 0 0 0 rg BT 245.14 325.95 Td (harm, ) Tj ET Q
q 0 0 0 rg BT 271.96 325.95 Td (legal ) Tj ET Q
q 0 0 0 rg BT 295.00 325.95 Td (claims, ) Tj ET Q
q 0 0 0 rg BT 327.66 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 345.44 325.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 369.64 325.95 Td (factors ) Tj ET Q
q 0 0 0 rg BT 400.83 325.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 419.21 325.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 439.91 325.95 Td (arise ) Tj ET Q
q 0 0 0 rg BT 462.35 325.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 473.73 325.95 Td (develop. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 300.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 99.14 300.75 Td (order ) Tj ET Q
q 0 0 0 rg BT 126.19 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 139.25 300.75 Td (remain ) Tj ET Q
q 0 0 0 rg BT 173.30 300.75 Td (competitive, ) Tj ET Q
q 0 0 0 rg BT 230.39 300.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 247.52 300.75 Td (must ) Tj ET Q
q 0 0 0 rg BT 272.84 300.75 Td (continue ) Tj ET Q
q 0 0 0 rg BT 313.89 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 326.95 300.75 Td (perform ) Tj ET Q
q 0 0 0 rg BT 365.66 300.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 384.55 300.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 409.86 300.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 468.40 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 488.45 300.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 521.91 300.75 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (responsibilities ) Tj ET Q
q 0 0 0 rg BT 116.17 288.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 131.50 288.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 148.59 288.15 Td (clients ) Tj ET Q
q 0 0 0 rg BT 179.08 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.33 288.15 Td (investors ) Tj ET Q
q 0 0 0 rg BT 238.33 288.15 Td (properly ) Tj ET Q
q 0 0 0 rg BT 276.99 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 295.24 288.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 303.21 288.15 Td (fectively ) Tj ET Q
q 0 0 0 rg BT 343.03 288.15 Td (throughout ) Tj ET Q
q 0 0 0 rg BT 392.20 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.11 288.15 Td (course ) Tj ET Q
q 0 0 0 rg BT 438.61 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 450.44 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 466.36 288.15 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 516.69 288.15 Td (pandemic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.36 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.88 275.55 Td (following ) Tj ET Q
q 0 0 0 rg BT 126.41 275.55 Td (recovery) Tj ET Q
q 0 0 0 rg BT 162.45 275.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 167.77 275.55 Td (which, ) Tj ET Q
q 0 0 0 rg BT 198.75 275.55 Td (among ) Tj ET Q
q 0 0 0 rg BT 230.03 275.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 254.30 275.55 Td (matters, ) Tj ET Q
q 0 0 0 rg BT 290.52 275.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 300.22 275.55 Td (dependent ) Tj ET Q
q 0 0 0 rg BT 346.07 275.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 359.26 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.79 275.55 Td (health ) Tj ET Q
q 0 0 0 rg BT 403.14 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 420.99 275.55 Td (safety ) Tj ET Q
q 0 0 0 rg BT 448.76 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 460.20 275.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 476.89 275.55 Td (personnel ) Tj ET Q
q 0 0 0 rg BT 520.41 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 538.27 275.55 Td (their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (ability ) Tj ET Q
q 0 0 0 rg BT 79.14 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 90.12 262.95 Td (work ) Tj ET Q
q 0 0 0 rg BT 114.51 262.95 Td (remotely ) Tj ET Q
q 0 0 0 rg BT 154.64 262.95 Td (successfully) Tj ET Q
q 0 0 0 rg BT 205.28 262.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 210.51 262.95 Td (While ) Tj ET Q
q 0 0 0 rg BT 238.98 262.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 254.03 262.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 276.66 262.95 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 334.29 262.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 351.09 262.95 Td (business ) Tj ET Q
q 0 0 0 rg BT 389.49 262.95 Td (continuity ) Tj ET Q
q 0 0 0 rg BT 434.88 262.95 Td (plans ) Tj ET Q
q 0 0 0 rg BT 459.86 262.95 Td (globally ) Tj ET Q
q 0 0 0 rg BT 497.08 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 508.06 262.95 Td (manage ) Tj ET Q
q 0 0 0 rg BT 543.51 262.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 87.62 250.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 117.56 250.35 Td (this ) Tj ET Q
q 0 0 0 rg BT 135.26 250.35 Td (pandemic, ) Tj ET Q
q 0 0 0 rg BT 181.24 250.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 223.43 250.35 Td (broad ) Tj ET Q
q 0 0 0 rg BT 249.87 250.35 Td (work-from-home ) Tj ET Q
q 0 0 0 rg BT 324.71 250.35 Td (capabilities ) Tj ET Q
q 0 0 0 rg BT 375.06 250.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 389.83 250.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 406.36 250.35 Td (personnel, ) Tj ET Q
q 0 0 0 rg BT 452.33 250.35 Td (there ) Tj ET Q
q 0 0 0 rg BT 475.85 250.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 485.38 250.35 Td (no ) Tj ET Q
q 0 0 0 rg BT 498.41 250.35 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 541.75 250.35 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 66.14 237.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 74.11 237.75 Td (forts ) Tj ET Q
q 0 0 0 rg BT 96.01 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 113.81 237.75 Td (planning ) Tj ET Q
q 0 0 0 rg BT 153.21 237.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 172.19 237.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 184.75 237.75 Td (suf) Tj ET Q
q 0 0 0 rg BT 197.39 237.75 Td (ficient ) Tj ET Q
q 0 0 0 rg BT 226.86 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 237.67 237.75 Td (protect ) Tj ET Q
q 0 0 0 rg BT 269.47 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 284.95 237.75 Td (health ) Tj ET Q
q 0 0 0 rg BT 313.25 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 331.06 237.75 Td (safety ) Tj ET Q
q 0 0 0 rg BT 358.78 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.17 237.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 386.81 237.75 Td (personnel ) Tj ET Q
q 0 0 0 rg BT 430.28 237.75 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 459.75 237.75 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 499.14 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.62 237.75 Td (success ) Tj ET Q
q 0 0 0 rg BT 548.75 237.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 66.61 225.15 Td (business. ) Tj ET Q
q 0 0 0 rg BT 107.93 225.15 Td (Further) Tj ET Q
q 0 0 0 rg BT 138.42 225.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 144.15 225.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 159.51 225.15 Td (depend ) Tj ET Q
q 0 0 0 rg BT 192.94 225.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 206.55 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 214.32 225.15 Td (number ) Tj ET Q
q 0 0 0 rg BT 249.50 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 261.36 225.15 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 309.37 225.15 Td (providers ) Tj ET Q
q 0 0 0 rg BT 352.14 225.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 363.41 225.15 Td (support ) Tj ET Q
q 0 0 0 rg BT 398.02 225.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 415.13 225.15 Td (operations, ) Tj ET Q
q 0 0 0 rg BT 464.60 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 482.87 225.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 501.14 225.15 Td (failure ) Tj ET Q
q 0 0 0 rg BT 531.65 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 543.51 225.15 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 96.77 212.55 Td (providers ) Tj ET Q
q 0 0 0 rg BT 138.79 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 149.31 212.55 Td (fulfill ) Tj ET Q
q 0 0 0 rg BT 175.59 212.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 197.19 212.55 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 246.22 212.55 Td (could ) Tj ET Q
q 0 0 0 rg BT 271.91 212.55 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 314.51 212.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 345.45 212.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 361.80 212.55 Td (business. ) Tj ET Q
q 0 0 0 rg BT 402.38 212.55 Td (Moreover) Tj ET Q
q 0 0 0 rg BT 443.36 212.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 448.35 212.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 462.95 212.55 Td (now ) Tj ET Q
q 0 0 0 rg BT 483.40 212.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 505.58 212.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 517.85 212.55 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (dependency ) Tj ET Q
q 0 0 0 rg BT 102.56 199.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 115.98 199.95 Td (remote ) Tj ET Q
q 0 0 0 rg BT 148.06 199.95 Td (equipment ) Tj ET Q
q 0 0 0 rg BT 195.30 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 213.38 199.95 Td (connectivity ) Tj ET Q
q 0 0 0 rg BT 268.21 199.95 Td (infrastructure ) Tj ET Q
q 0 0 0 rg BT 327.69 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 338.77 199.95 Td (access ) Tj ET Q
q 0 0 0 rg BT 368.51 199.95 Td (critical ) Tj ET Q
q 0 0 0 rg BT 400.58 199.95 Td (business ) Tj ET Q
q 0 0 0 rg BT 439.09 199.95 Td (systems ) Tj ET Q
q 0 0 0 rg BT 475.26 199.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 493.93 199.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 514.93 199.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 527.76 199.95 Td (subject ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.02 187.35 Td (failure, ) Tj ET Q
q 0 0 0 rg BT 92.41 187.35 Td (disruption ) Tj ET Q
q 0 0 0 rg BT 137.35 187.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 148.45 187.35 Td (unavailability ) Tj ET Q
q 0 0 0 rg BT 208.55 187.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 226.65 187.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 252.33 187.35 Td (negatively ) Tj ET Q
q 0 0 0 rg BT 298.42 187.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 329.35 187.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 345.71 187.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 383.65 187.35 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 431.85 187.35 Td (Additionally) Tj ET Q
q 0 0 0 rg BT 484.25 187.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 489.24 187.35 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 526.59 187.35 Td (regions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.69 174.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 89.37 174.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 104.63 174.75 Td (operate ) Tj ET Q
q 0 0 0 rg BT 138.54 174.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 161.38 174.75 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 219.22 174.75 Td (movement ) Tj ET Q
q 0 0 0 rg BT 266.56 174.75 Td (restrictions, ) Tj ET Q
q 0 0 0 rg BT 318.86 174.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 347.54 174.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 379.14 174.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 396.15 174.75 Td (personnel ) Tj ET Q
q 0 0 0 rg BT 439.99 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 458.17 174.75 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 506.09 174.75 Td (vendors ) Tj ET Q
q 0 0 0 rg BT 542.35 174.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (service ) Tj ET Q
q 0 0 0 rg BT 81.74 162.15 Td (providers ) Tj ET Q
q 0 0 0 rg BT 123.91 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 141.58 162.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 162.16 162.15 Td (af) Tj ET Q
q 0 0 0 rg BT 170.13 162.15 Td (fect ) Tj ET Q
q 0 0 0 rg BT 188.37 162.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 204.88 162.15 Td (ability ) Tj ET Q
q 0 0 0 rg BT 234.22 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 244.89 162.15 Td (satisfy ) Tj ET Q
q 0 0 0 rg BT 274.82 162.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 286.07 162.15 Td (respond ) Tj ET Q
q 0 0 0 rg BT 321.82 162.15 Td (timely ) Tj ET Q
q 0 0 0 rg BT 351.16 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 361.84 162.15 Td (potential ) Tj ET Q
q 0 0 0 rg BT 401.09 162.15 Td (technology ) Tj ET Q
q 0 0 0 rg BT 450.25 162.15 Td (issues ) Tj ET Q
q 0 0 0 rg BT 477.85 162.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 489.10 162.15 Td (needs ) Tj ET Q
q 0 0 0 rg BT 515.52 162.15 Td (impacting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 65.90 149.55 Td (business ) Tj ET Q
q 0 0 0 rg BT 103.90 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 121.47 149.55 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 170.24 149.55 Td (If ) Tj ET Q
q 0 0 0 rg BT 179.64 149.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 196.04 149.55 Td (cyber ) Tj ET Q
q 0 0 0 rg BT 221.77 149.55 Td (security ) Tj ET Q
q 0 0 0 rg BT 257.41 149.55 Td (diligence ) Tj ET Q
q 0 0 0 rg BT 298.31 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 315.87 149.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 323.84 149.55 Td (forts ) Tj ET Q
q 0 0 0 rg BT 345.50 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 356.07 149.55 Td (of) Tj ET Q
q 0 0 0 rg BT 364.63 149.55 Td (fset ) Tj ET Q
q 0 0 0 rg BT 382.20 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.43 149.55 Td (increased ) Tj ET Q
q 0 0 0 rg BT 439.48 149.55 Td (risks ) Tj ET Q
q 0 0 0 rg BT 461.73 149.55 Td (associated ) Tj ET Q
q 0 0 0 rg BT 507.28 149.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 528.36 149.55 Td (greater ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (reliance ) Tj ET Q
q 0 0 0 rg BT 85.21 136.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 98.20 136.95 Td (mobile, ) Tj ET Q
q 0 0 0 rg BT 132.47 136.95 Td (collaborative ) Tj ET Q
q 0 0 0 rg BT 189.77 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 207.42 136.95 Td (remote ) Tj ET Q
q 0 0 0 rg BT 239.06 136.95 Td (technologies ) Tj ET Q
q 0 0 0 rg BT 294.61 136.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 324.51 136.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 342.17 136.95 Td (health ) Tj ET Q
q 0 0 0 rg BT 370.32 136.95 Td (crisis ) Tj ET Q
q 0 0 0 rg BT 394.97 136.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 410.27 136.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 426.18 136.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 434.14 136.95 Td (fective ) Tj ET Q
q 0 0 0 rg BT 465.19 136.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 476.43 136.95 Td (successful, ) Tj ET Q
q 0 0 0 rg BT 524.69 136.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 539.43 136.95 Td (may ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 62.04 124.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 72.24 124.35 Td (increased ) Tj ET Q
q 0 0 0 rg BT 114.51 124.35 Td (risk ) Tj ET Q
q 0 0 0 rg BT 132.88 124.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 147.75 124.35 Td (cyber ) Tj ET Q
q 0 0 0 rg BT 173.69 124.35 Td (security ) Tj ET Q
q 0 0 0 rg BT 209.56 124.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 220.93 124.35 Td (data ) Tj ET Q
q 0 0 0 rg BT 241.04 124.35 Td (privacy ) Tj ET Q
q 0 0 0 rg BT 275.15 124.35 Td (incidents.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 99.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 103.94 99.15 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 153.31 99.15 Td (pandemic ) Tj ET Q
q 0 0 0 rg BT 196.24 99.15 Td (continues ) Tj ET Q
q 0 0 0 rg BT 238.60 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 248.89 99.15 Td (evolve, ) Tj ET Q
q 0 0 0 rg BT 281.62 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.90 99.15 Td (it ) Tj ET Q
q 0 0 0 rg BT 306.85 99.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 315.97 99.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 331.50 99.15 Td (possible ) Tj ET Q
q 0 0 0 rg BT 368.04 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 378.33 99.15 Td (predict ) Tj ET Q
q 0 0 0 rg BT 409.60 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.54 99.15 Td (extent ) Tj ET Q
q 0 0 0 rg BT 452.32 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 462.60 99.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 490.38 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 505.33 99.15 Td (coronavirus, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.47 86.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 77.86 86.55 Td (inability ) Tj ET Q
q 0 0 0 rg BT 115.09 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 126.06 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.12 86.55 Td (global ) Tj ET Q
q 0 0 0 rg BT 169.59 86.55 Td (economy ) Tj ET Q
q 0 0 0 rg BT 210.31 86.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 220.70 86.55 Td (successfully ) Tj ET Q
q 0 0 0 rg BT 274.25 86.55 Td (recover ) Tj ET Q
q 0 0 0 rg BT 307.96 86.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 330.59 86.55 Td (it, ) Tj ET Q
q 0 0 0 rg BT 341.28 86.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 359.84 86.55 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 402.30 86.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 433.10 86.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 449.33 86.55 Td (business, ) Tj ET Q
q 0 0 0 rg BT 489.77 86.55 Td (liquidity) Tj ET Q
q 0 0 0 rg BT 524.67 86.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 529.53 86.55 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (resources, ) Tj ET Q
q 0 0 0 rg BT 94.11 73.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 111.61 73.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 150.67 73.95 Td (results ) Tj ET Q
q 0 0 0 rg BT 180.43 73.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.92 73.95 Td (operations, ) Tj ET Q
q 0 0 0 rg BT 246.62 73.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 274.62 73.95 Td (impacts ) Tj ET Q
q 0 0 0 rg BT 309.62 73.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 328.29 73.95 Td (depend ) Tj ET Q
q 0 0 0 rg BT 360.95 73.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 373.78 73.95 Td (numerous ) Tj ET Q
q 0 0 0 rg BT 417.53 73.95 Td (developing ) Tj ET Q
q 0 0 0 rg BT 466.52 73.95 Td (factors ) Tj ET Q
q 0 0 0 rg BT 497.43 73.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 515.51 73.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 530.66 73.95 Td (highly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 91.29 61.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 109.19 61.35 Td (rapidly ) Tj ET Q
q 0 0 0 rg BT 141.66 61.35 Td (changing. ) Tj ET Q
q 0 0 0 rg BT 185.31 61.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 204.36 61.35 Td (impacts ) Tj ET Q
q 0 0 0 rg BT 239.76 61.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.65 61.35 Td (risks ) Tj ET Q
q 0 0 0 rg BT 280.22 61.35 Td (described ) Tj ET Q
q 0 0 0 rg BT 323.18 61.35 Td (herein ) Tj ET Q
q 0 0 0 rg BT 352.15 61.35 Td (relating ) Tj ET Q
q 0 0 0 rg BT 386.95 61.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 397.85 61.35 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 447.83 61.35 Td (augment ) Tj ET Q
q 0 0 0 rg BT 486.71 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.27 61.35 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 548.76 61.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (overlapping ) Tj ET Q
q 0 0 0 rg BT 102.28 48.75 Td (risks ) Tj ET Q
q 0 0 0 rg BT 124.74 48.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 135.53 48.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 152.15 48.75 Td (risk ) Tj ET Q
q 0 0 0 rg BT 170.53 48.75 Td (factors ) Tj ET Q
q 0 0 0 rg BT 201.72 48.75 Td (below) Tj ET Q
q 0 0 0 rg BT 226.70 48.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 231.95 48.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 260.24 48.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 280.94 48.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 293.48 48.75 Td (heightened ) Tj ET Q
q 0 0 0 rg BT 342.17 48.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 355.29 48.75 Td (COVID-19.) Tj ET Q
endstream
endobj
47 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 48 0 R>>
endobj
48 0 obj
<</Length 80752>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (21) Tj ET Q
BT /F6 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 729.15 Td (Increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.38 729.15 Td (Geopolitical ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.17 729.15 Td (Unrest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.64 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.27 729.15 Td (Other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.66 729.15 Td (Events ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.12 729.15 Td (Outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.68 729.15 Td (Of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.05 729.15 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.86 729.15 Td (Control ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.42 729.15 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.49 729.15 Td (Adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.28 729.15 Td (Af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.59 729.15 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.62 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.34 729.15 Td (Global ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (Economy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.45 716.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.90 716.55 Td (Specific ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.42 716.55 Td (International, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.94 716.55 Td (Regional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.15 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.60 716.55 Td (Domestic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.97 716.55 Td (Markets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.00 716.55 Td (Which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.71 716.55 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.08 716.55 Td (Cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.03 716.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.05 716.55 Td (AUM, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.71 716.55 Td (Revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.16 716.55 Td (and ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (Earnings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.40 703.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.19 703.95 Td (Decline.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 678.75 Td (Geopolitical ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.79 678.75 Td (risks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.64 678.75 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.69 678.75 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.24 678.75 Td (arising ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.21 678.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.01 678.75 Td (trade ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.38 678.75 Td (tension, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.73 678.75 Td (European ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.34 678.75 Td (fragmentation, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.25 678.75 Td (unrest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.30 678.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.86 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.07 678.75 Td (Middle ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.79 678.75 Td (East, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (post-Brexit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.50 666.15 Td (negotiations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.58 666.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.08 666.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.91 666.15 Td (pose ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.90 666.15 Td (challenges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.97 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.89 666.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.64 666.15 Td (European ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.62 666.15 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.11 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.03 666.15 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.11 666.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.03 666.15 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.77 666.15 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.52 666.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.52 666.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.27 666.15 Td (European ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.92 653.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.35 653.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.10 653.55 Td (impede ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.69 653.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.37 653.55 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.79 653.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.22 653.55 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.47 653.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.15 653.55 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.56 653.55 Td (performance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.92 653.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.76 653.55 Td (terrorist ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.68 653.55 Td (activity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.49 653.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.79 653.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.22 653.55 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.98 653.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.41 653.55 Td (acts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.41 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.84 653.55 Td (civil ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.84 640.95 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.49 640.95 Td (hostility) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.24 640.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.45 640.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.86 640.95 Td (increasing. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.23 640.95 Td (Similarly) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.63 640.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.85 640.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.01 640.95 Td (events ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.43 640.95 Td (outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.35 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.69 640.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.27 640.95 Td (control, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.23 640.95 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.49 640.95 Td (natural ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.23 640.95 Td (disasters, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.61 640.95 Td (pandemics ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.39 628.35 Td (health ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.18 628.35 Td (crises ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.23 628.35 Td (\(such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.12 628.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.00 628.35 Td (COVID-19\)\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.01 628.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.22 628.35 Td (arise ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.19 628.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.74 628.35 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.54 628.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.85 628.35 Td (time. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.58 628.35 Td (Any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.81 628.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.19 628.35 Td (events, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.78 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.08 628.35 Td (responses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.05 628.35 Td (thereto, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.97 628.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.19 628.35 Td (cause ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.83 615.75 Td (volatility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.75 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.91 615.75 Td (declines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.32 615.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.49 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.32 615.75 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.57 615.75 Td (markets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.43 615.75 Td (disruptions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.11 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.28 615.75 Td (commerce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.00 615.75 Td (\(including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.17 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.34 615.75 Td (economic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.16 615.75 Td (activity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.97 615.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.60 615.75 Td (travel ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.33 603.15 Td (supply ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.00 603.15 Td (chains\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.62 603.15 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.63 603.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.05 603.15 Td (life ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.71 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.54 603.15 Td (property ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.78 603.15 Td (damage, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.73 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.56 603.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.30 603.15 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.21 603.15 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.17 603.15 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.58 603.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.08 603.15 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.99 603.15 Td (economy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.15 603.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.57 603.15 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.22 603.15 Td (markets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 603.15 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.88 590.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.93 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.07 590.55 Td (Company�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.82 590.55 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.21 590.55 Td (products, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.30 590.55 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.64 590.55 Td (vendors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.18 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.65 590.55 Td (employees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.48 590.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.45 590.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.83 590.55 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.45 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.02 590.55 Td (AUM, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.45 590.55 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.99 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.45 590.55 Td (earnings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 590.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (decline.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.50 552.75 Td (Assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.97 552.75 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.01 552.75 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.81 552.75 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.68 552.75 Td (Be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.78 552.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.73 552.75 Td (ithdrawn, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.89 552.75 Td (Which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.11 552.75 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.98 552.75 Td (Reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.68 552.75 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.82 552.75 Td (Revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.85 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.82 552.75 Td (Net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.61 552.75 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 527.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.35 527.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.94 527.55 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.62 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.29 527.55 Td (administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.88 527.55 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.29 527.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.63 527.55 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.21 527.55 Td (terminable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.62 527.55 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.71 527.55 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.56 527.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.83 527.55 Td (upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.34 527.55 Td (relatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.51 527.55 Td (short ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (notice, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.60 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.57 514.95 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.30 514.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.29 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.93 514.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.91 514.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.06 514.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.62 514.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.68 514.95 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.15 514.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.04 514.95 Td (redeem ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.75 514.95 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.81 514.95 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.79 514.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.77 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.42 514.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.57 514.95 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.96 514.95 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.94 514.95 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.42 514.95 Td (without ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.65 502.35 Td (notice. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.67 502.35 Td (Institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.15 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.05 502.35 Td (individual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.37 502.35 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.52 502.35 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.83 502.35 Td (terminate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.21 502.35 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.19 502.35 Td (relationships ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.59 502.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.00 502.35 Td (us, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.70 502.35 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.41 502.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.98 502.35 Td (aggregate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.52 502.35 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 502.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (AUM, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.80 489.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.72 489.75 Td (shift ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.57 489.75 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.98 489.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.49 489.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.83 489.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.58 489.75 Td (types ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.92 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.84 489.75 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.75 489.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.60 489.75 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.07 489.75 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.73 489.75 Td (rate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.64 489.75 Td (structures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.64 489.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.05 489.75 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.39 489.75 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.64 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.56 489.75 Td (reasons, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.85 489.75 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.05 477.15 Td (performance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.21 477.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.50 477.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.14 477.15 Td (prevailing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.19 477.15 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.57 477.15 Td (rates, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.50 477.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.79 477.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.44 477.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.99 477.15 Td (preferences ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.85 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.07 477.15 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.58 477.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.88 477.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.52 477.15 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (reputation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.53 464.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.15 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.44 464.55 Td (marketplace, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.82 464.55 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.10 464.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.72 464.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.82 464.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.03 464.55 Td (control ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.23 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.43 464.55 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.30 464.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.50 464.55 Td (third-party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.86 464.55 Td (distributors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.15 464.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.28 464.55 Td (whom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.99 464.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.69 464.55 Td (have ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (relationships, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.26 451.95 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.08 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.30 451.95 Td (key ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.93 451.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.49 451.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.61 451.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.83 451.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.88 451.95 Td (personnel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.17 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.81 451.95 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.02 451.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.64 451.95 Td (performance. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.79 451.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.02 451.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.53 451.95 Td (there ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.98 439.35 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.29 439.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.44 439.35 Td (trend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.50 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.74 439.35 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.14 439.35 Td (shifting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.72 439.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.37 439.35 Td (alternative, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.79 439.35 Td (passive, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.82 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.47 439.35 Td (smart ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.28 439.35 Td (beta ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.26 439.35 Td (strategies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.48 439.35 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.63 439.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.78 439.35 Td (result, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.22 439.35 Td (some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.88 439.35 Td (actively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.60 439.35 Td (managed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (core ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.70 426.75 Td (equities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.49 426.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.78 426.75 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.48 426.75 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.51 426.75 Td (portfolios ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.48 426.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.42 426.75 Td (declining ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.62 426.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.50 426.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.29 426.75 Td (share ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.57 426.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.45 426.75 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.13 426.75 Td (AUM. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.39 426.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.52 426.75 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.39 426.75 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.56 426.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.86 426.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.65 426.75 Td (declining ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.85 426.75 Td (securities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.15 Td (market, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.86 414.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.27 414.15 Td (pace ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.09 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.42 414.15 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.16 414.15 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.99 414.15 Td (redemptions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.48 414.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.23 414.15 Td (withdrawal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.04 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.37 414.15 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.46 414.15 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.45 414.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.61 414.15 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.93 414.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.84 414.15 Td (accelerate. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.00 414.15 Td (Poor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.42 414.15 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.76 401.55 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.04 401.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.00 401.55 Td (relative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.70 401.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.08 401.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.87 401.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.16 401.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.02 401.55 Td (firms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.40 401.55 Td (tends ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.78 401.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.17 401.55 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.71 401.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.09 401.55 Td (decreased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.69 401.55 Td (purchases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.31 401.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.27 401.55 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (shares, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.99 388.95 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.26 388.95 Td (redemptions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.79 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.16 388.95 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.03 388.95 Td (shares, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.52 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.31 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.76 388.95 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.73 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.10 388.95 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.89 388.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.27 388.95 Td (individual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.47 388.95 Td (accounts.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 363.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 363.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.18 363.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.96 363.75 Td (experienced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.63 363.75 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.41 363.75 Td (outflows ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.11 363.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.81 363.75 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.57 363.75 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.03 363.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.22 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.00 363.75 Td (last ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.54 363.75 Td (15 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.99 363.75 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.68 363.75 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.79 363.75 Td (due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.90 363.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.02 363.75 Td (part ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.30 363.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.42 363.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.45 363.75 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (issues. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.09 351.15 Td (During ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.72 351.15 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.34 351.15 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.37 351.15 Td (2020 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.25 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.29 351.15 Td (2019, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.79 351.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.91 351.15 Td (had ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.95 351.15 Td ($6.4 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.21 351.15 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.51 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.55 351.15 Td ($8.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.80 351.15 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.10 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.72 351.15 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.43 351.15 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.63 351.15 Td (outflows, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.89 351.15 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.93 351.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.44 351.15 Td (primarily ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.29 338.55 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.16 338.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.29 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.08 338.55 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.44 338.55 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.14 338.55 Td (2020 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.76 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.55 338.55 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.25 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.04 338.55 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.91 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.69 338.55 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.89 338.55 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.42 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.22 338.55 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.58 338.55 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.27 338.55 Td (2019.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 313.35 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.23 313.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.79 313.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.42 313.35 Td (Are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.48 313.35 Td (Unable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.29 313.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.77 313.35 Td (Maintain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.35 313.35 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.17 313.35 Td (Fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.81 313.35 Td (Levels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.52 313.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.17 313.35 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.07 313.35 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.55 313.35 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.61 313.35 Td (Mix ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.43 313.35 Td (Changes, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.30 313.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.79 313.35 Td (Revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.51 313.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.16 313.35 Td (Margins ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.24 313.35 Td (Could ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.75 Td (Be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.79 300.75 Td (Reduced) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 275.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.17 275.55 Td (profit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.84 275.55 Td (mar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.98 275.55 Td (gins ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.83 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.33 275.55 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 198.50 275.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 231.75 275.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 246.91 275.55 Td (dependent ) Tj ET Q
q 0 0 0 rg BT 292.41 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 302.92 275.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 349.58 275.55 Td (part ) Tj ET Q
q 0 0 0 rg BT 368.25 275.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 381.09 275.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 397.43 275.55 Td (ability ) Tj ET Q
q 0 0 0 rg BT 426.61 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 437.12 275.55 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 476.20 275.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 508.28 275.55 Td (fee ) Tj ET Q
q 0 0 0 rg BT 523.44 275.55 Td (levels ) Tj ET Q
q 0 0 0 rg BT 550.28 275.55 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.99 262.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 103.82 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 121.64 262.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 158.12 262.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 176.53 262.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 193.19 262.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 216.27 262.95 Td (managers ) Tj ET Q
q 0 0 0 rg BT 259.16 262.95 Td (of) Tj ET Q
q 0 0 0 rg BT 267.72 262.95 Td (fer) Tj ET Q
q 0 0 0 rg BT 278.80 262.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 283.89 262.95 Td (There ) Tj ET Q
q 0 0 0 rg BT 311.04 262.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 327.70 262.95 Td (been ) Tj ET Q
q 0 0 0 rg BT 350.18 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 357.51 262.95 Td (trend ) Tj ET Q
q 0 0 0 rg BT 381.75 262.95 Td (toward ) Tj ET Q
q 0 0 0 rg BT 413.57 262.95 Td (lower ) Tj ET Q
q 0 0 0 rg BT 440.14 262.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 459.71 262.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 470.54 262.95 Td (many ) Tj ET Q
q 0 0 0 rg BT 496.53 262.95 Td (segments ) Tj ET Q
q 0 0 0 rg BT 538.27 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.68 262.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 72.23 250.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 128.18 250.35 Td (industry ) Tj ET Q
q 0 0 0 rg BT 164.92 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 182.39 250.35 Td (there ) Tj ET Q
q 0 0 0 rg BT 205.69 250.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 215.01 250.35 Td (fee ) Tj ET Q
q 0 0 0 rg BT 230.14 250.35 Td (pressure ) Tj ET Q
q 0 0 0 rg BT 267.44 250.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 277.92 250.35 Td (many ) Tj ET Q
q 0 0 0 rg BT 303.56 250.35 Td (portions ) Tj ET Q
q 0 0 0 rg BT 340.29 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 351.35 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 366.49 250.35 Td (active ) Tj ET Q
q 0 0 0 rg BT 393.87 250.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 422.43 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 439.91 250.35 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 463.79 250.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 497.01 250.35 Td (industry) Tj ET Q
q 0 0 0 rg BT 530.75 250.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 535.69 250.35 Td (driven ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.44 237.75 Td (part ) Tj ET Q
q 0 0 0 rg BT 79.55 237.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 92.82 237.75 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 127.10 237.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 146.21 237.75 Td (low-fee ) Tj ET Q
q 0 0 0 rg BT 181.06 237.75 Td (passive ) Tj ET Q
q 0 0 0 rg BT 214.75 237.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 237.94 237.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 294.36 237.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 333.30 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 351.23 237.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 366.25 237.75 Td (face ) Tj ET Q
q 0 0 0 rg BT 386.51 237.75 Td (continued ) Tj ET Q
q 0 0 0 rg BT 430.69 237.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 462.62 237.75 Td (pressure ) Tj ET Q
q 0 0 0 rg BT 500.39 237.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 521.83 237.75 Td (respect ) Tj ET Q
q 0 0 0 rg BT 554.34 237.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (fee ) Tj ET Q
q 0 0 0 rg BT 66.13 225.15 Td (levels ) Tj ET Q
q 0 0 0 rg BT 94.43 225.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 110.49 225.15 Td (many ) Tj ET Q
q 0 0 0 rg BT 137.63 225.15 Td (products. ) Tj ET Q
q 0 0 0 rg BT 180.23 225.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 192.79 225.15 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 233.64 225.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 245.62 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.26 225.15 Td (ordinary ) Tj ET Q
q 0 0 0 rg BT 301.64 225.15 Td (course ) Tj ET Q
q 0 0 0 rg BT 332.86 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 345.41 225.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 363.22 225.15 Td (business, ) Tj ET Q
q 0 0 0 rg BT 405.25 225.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 421.30 225.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 443.19 225.15 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 474.98 225.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 487.54 225.15 Td (waive ) Tj ET Q
q 0 0 0 rg BT 516.43 225.15 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 104.90 212.55 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 126.19 212.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 136.69 212.55 Td (limit ) Tj ET Q
q 0 0 0 rg BT 158.29 212.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 178.71 212.55 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 221.00 212.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 233.25 212.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 263.57 212.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 301.49 212.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 312.00 212.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 347.57 212.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 361.57 212.55 Td (particular ) Tj ET Q
q 0 0 0 rg BT 403.56 212.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 423.98 212.55 Td (periods ) Tj ET Q
q 0 0 0 rg BT 456.65 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 466.57 212.55 Td (manage ) Tj ET Q
q 0 0 0 rg BT 500.98 212.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 521.98 212.55 Td (expenses, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.02 199.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 74.03 199.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 97.37 199.95 Td (reasons, ) Tj ET Q
q 0 0 0 rg BT 133.26 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 150.19 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 160.12 199.95 Td (help ) Tj ET Q
q 0 0 0 rg BT 179.97 199.95 Td (retain ) Tj ET Q
q 0 0 0 rg BT 205.64 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 216.16 199.95 Td (increase ) Tj ET Q
q 0 0 0 rg BT 252.32 199.95 Td (managed ) Tj ET Q
q 0 0 0 rg BT 291.99 199.95 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 320.88 199.95 Td (No ) Tj ET Q
q 0 0 0 rg BT 335.48 199.95 Td (assurances ) Tj ET Q
q 0 0 0 rg BT 382.15 199.95 Td (can ) Tj ET Q
q 0 0 0 rg BT 398.49 199.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 410.17 199.95 Td (given ) Tj ET Q
q 0 0 0 rg BT 435.27 199.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 452.78 199.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 466.79 199.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 484.90 199.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 496.58 199.95 Td (able ) Tj ET Q
q 0 0 0 rg BT 515.84 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 525.77 199.95 Td (maintain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 66.34 187.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 98.91 187.35 Td (fee ) Tj ET Q
q 0 0 0 rg BT 114.57 187.35 Td (structure. ) Tj ET Q
q 0 0 0 rg BT 156.77 187.35 Td (Competition ) Tj ET Q
q 0 0 0 rg BT 212.12 187.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 238.29 187.35 Td (lead ) Tj ET Q
q 0 0 0 rg BT 258.62 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 269.63 187.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 286.47 187.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 309.72 187.35 Td (managers ) Tj ET Q
q 0 0 0 rg BT 352.79 187.35 Td (reducing ) Tj ET Q
q 0 0 0 rg BT 392.37 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.04 187.35 Td (fees) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.94 187.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.79 187.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.37 187.35 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.29 187.35 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.17 187.35 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.92 187.35 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.01 187.35 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.26 187.35 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.75 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.05 174.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.60 174.75 Td (services. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.43 174.75 Td (See ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.98 174.75 Td (�Competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.53 174.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.09 174.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.78 174.75 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.50 174.75 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.71 174.75 Td (Industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.09 174.75 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.15 174.75 Td (Reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.03 174.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.41 174.75 Td (Revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.63 174.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.18 174.75 Td (Net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.73 174.75 Td (Income.� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.14 162.15 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.07 162.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.96 162.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.26 162.15 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.38 162.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.35 162.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.16 162.15 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.03 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.09 162.15 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.96 162.15 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.09 162.15 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.80 162.15 Td (levels, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.81 162.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.45 162.15 Td (restructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.23 162.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.95 162.15 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.75 162.15 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.72 162.15 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.60 162.15 Td (ge, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.02 162.15 Td (because ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 551.15 162.15 Td (of, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.81 149.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.12 149.55 Td (things, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.15 149.55 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.03 149.55 Td (initiatives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.18 149.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.66 149.55 Td (proceedings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.13 149.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.61 149.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.16 149.55 Td (either ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.80 149.55 Td (industry-wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.85 149.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.34 149.55 Td (specifically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.46 149.55 Td (tar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.35 149.55 Td (geted, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.45 149.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.93 149.55 Td (court ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (decisions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.54 136.95 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.54 136.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.54 136.95 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.20 136.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.36 136.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.19 136.95 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.10 136.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.84 136.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.84 136.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.25 136.95 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.48 136.95 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.36 136.95 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.27 136.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.51 136.95 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.75 136.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.91 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.07 136.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.89 136.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.23 136.95 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.20 136.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.20 136.95 Td (revenues ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 124.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.24 124.35 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.84 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.46 124.35 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.92 124.35 Td (income. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.88 124.35 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.58 124.35 Td (factors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.77 124.35 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.31 124.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.27 124.35 Td (inhibit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.31 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.93 124.35 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.39 124.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.18 124.35 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.20 124.35 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.73 124.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.60 124.35 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.79 124.35 Td (products.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 99.15 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.88 99.15 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.02 99.15 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.22 99.15 Td (generate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.41 99.15 Td (very ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.70 99.15 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.17 99.15 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.29 99.15 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.24 99.15 Td (per ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.28 99.15 Td (dollar ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.40 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.78 99.15 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.31 99.15 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.44 99.15 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.99 99.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.12 99.15 Td (factors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.32 99.15 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.20 99.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.58 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.04 99.15 Td (type ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 99.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.42 86.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.82 86.55 Td (\(alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.13 86.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.13 86.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.80 86.55 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.55 86.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.55 86.55 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.12 86.55 Td (produce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.44 86.55 Td (greater ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.09 86.55 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.91 86.55 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.49 86.55 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.57 86.55 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.98 86.55 Td (assets\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.10 86.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.44 86.55 Td (type ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.60 73.95 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.28 73.95 Td (\(institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.30 73.95 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.06 73.95 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.48 73.95 Td (pay ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.00 73.95 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.26 73.95 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.52 73.95 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.95 73.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.88 73.95 Td (clients\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.77 73.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.95 73.95 Td (type ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.38 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.48 73.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.25 73.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.25 73.95 Td (product ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.68 73.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.78 73.95 Td (service ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (provided ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.30 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.94 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.25 61.35 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.55 61.35 Td (schedule ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.76 61.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.98 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.29 61.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.18 61.35 Td (manager ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.81 61.35 Td (providing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.12 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.42 61.35 Td (service. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.49 61.35 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.50 61.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.97 61.35 Td (shift ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.12 61.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.77 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.07 61.35 Td (mix ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.89 61.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.11 61.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.82 61.35 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.80 61.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.69 61.35 Td (higher ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (revenue-generating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.54 48.75 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.03 48.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.20 48.75 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.10 48.75 Td (revenue-generating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.14 48.75 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.64 48.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.71 48.75 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.04 48.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.21 48.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.86 48.75 Td (decrease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.00 48.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.16 48.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.16 48.75 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.47 48.75 Td (even ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.29 48.75 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.70 48.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.70 48.75 Td (aggregate ) Tj ET Q
endstream
endobj
49 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 50 0 R>>
endobj
50 0 obj
<</Length 76071>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (22) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (level ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.97 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.33 741.75 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.90 741.75 Td (remains ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.20 741.75 Td (unchanged ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.75 741.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.57 741.75 Td (increases. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.28 741.75 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.28 741.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.35 741.75 Td (decrease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.55 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.79 741.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.85 741.75 Td (revenues, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.86 741.75 Td (without ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.01 741.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.73 741.75 Td (commensurate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.03 741.75 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.75 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.98 741.75 Td (expenses, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.46 729.15 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.06 729.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.69 729.15 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.14 729.15 Td (income.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 703.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.88 703.95 Td (Mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.86 703.95 Td (Fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.66 703.95 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.71 703.95 Td (Contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.60 703.95 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.72 703.95 Td (Not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.34 703.95 Td (Be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.88 703.95 Td (Renewed, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.25 703.95 Td (Which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.71 703.95 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.84 703.95 Td (Reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.78 703.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.83 703.95 Td (Revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.12 703.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.33 703.95 Td (Net ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 678.75 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.50 678.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.11 678.75 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.05 678.75 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.99 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.35 678.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.96 678.75 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.80 678.75 Td (comes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.23 678.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.25 678.75 Td (managing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.27 678.75 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.55 678.75 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.33 678.75 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.71 678.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.78 678.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.05 678.75 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.72 678.75 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.98 678.75 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.17 678.75 Td (funds ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (pursuant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.96 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.43 666.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.37 666.15 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.57 666.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.54 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.67 666.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.30 666.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.35 666.15 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.07 666.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.28 666.15 Td (renewed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.15 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.61 666.15 Td (approved ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.97 666.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.77 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.90 666.15 Td (funds' ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.43 666.15 Td (boards ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.72 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.77 666.15 Td (directors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (annually) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.97 653.55 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.49 653.55 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.49 653.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.91 653.55 Td (majority ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.91 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.08 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.33 653.55 Td (directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.48 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.65 653.55 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.31 653.55 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.89 653.55 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.56 653.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.80 653.55 Td (independent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.54 653.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.37 653.55 Td (us. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.22 653.55 Td (Although ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.31 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.56 653.55 Td (funds' ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.20 653.55 Td (boards ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.62 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.79 653.55 Td (directors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.58 640.95 Td (historically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.09 640.95 Td (approved ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.42 640.95 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.92 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.93 640.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.19 640.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.10 640.95 Td (contracts, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.89 640.95 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.13 640.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.97 640.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.14 640.95 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.91 640.95 Td (assurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.98 640.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.99 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.08 640.95 Td (board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.25 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.27 640.95 Td (directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.26 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.27 640.95 Td (each ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.91 628.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.82 628.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.23 628.35 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.04 628.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.54 628.35 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.86 628.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.19 628.35 Td (approve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.17 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.16 628.35 Td (funds�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.21 628.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.38 628.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.19 628.35 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.25 628.35 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.64 628.35 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.88 628.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.79 628.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.28 628.35 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.87 628.35 Td (condition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.69 628.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.78 628.35 Td (approval ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.09 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.00 615.75 Td (terms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.41 615.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.25 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.16 615.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.89 615.75 Td (contract ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.79 615.75 Td (being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.20 615.75 Td (revised ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.61 615.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.86 615.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.61 615.75 Td (way ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.19 615.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.02 615.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.11 615.75 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.26 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.51 615.75 Td (us. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.56 615.75 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.64 615.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.38 615.75 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.63 615.75 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.96 615.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.69 615.75 Td (contract ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.84 603.15 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.59 603.15 Td (renewed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.49 603.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.57 603.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.91 603.15 Td (revised ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.57 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.07 603.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.07 603.15 Td (way ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.90 603.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.98 603.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.32 603.15 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.72 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.22 603.15 Td (us, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.52 603.15 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.69 603.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.35 603.15 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.01 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.52 603.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.51 603.15 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.50 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.00 603.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.34 603.15 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.99 603.15 Td (and, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.11 603.15 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.86 603.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.19 603.15 Td (revenues ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (decline ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.44 590.55 Td (without ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.15 590.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.44 590.55 Td (commensurate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.29 590.55 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.57 590.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.36 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.98 590.55 Td (expenses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.14 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.76 590.55 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.21 590.55 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.74 590.55 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.70 590.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.24 590.55 Td (reduced.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 565.35 Td (Unavailability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.53 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.79 565.35 Td (Appropriate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.49 565.35 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.10 565.35 Td (Opportunities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.40 565.35 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.43 565.35 Td (Hamper ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.79 565.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.75 565.35 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.36 565.35 Td (Performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.71 565.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.83 565.35 Td (Growth) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 540.15 Td (An ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.37 540.15 Td (important ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.23 540.15 Td (component ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.92 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.71 540.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.82 540.15 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.90 540.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.94 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.81 540.15 Td (availability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.08 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.86 540.15 Td (appropriate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.71 540.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.82 540.15 Td (opportunities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.27 540.15 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.72 527.55 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.78 527.55 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.46 527.55 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.18 527.55 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.07 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.55 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.28 527.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.42 527.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.38 527.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.92 527.55 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.07 527.55 Td (able ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.29 527.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.19 527.55 Td (find ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.83 527.55 Td (suf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.47 527.55 Td (ficient ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.02 527.55 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.91 527.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.89 527.55 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.11 527.55 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.16 527.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.39 527.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.29 527.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.67 527.55 Td (timely ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (manner) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.56 514.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.95 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.54 514.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.72 514.95 Td (manager's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.60 514.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.44 514.95 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.25 514.95 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.35 514.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.02 514.95 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.01 514.95 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.98 514.95 Td (fected. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.63 514.95 Td (Alternatively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.34 514.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.73 514.95 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.91 514.95 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.83 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.34 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.10 514.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.27 514.95 Td (managers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (does ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.95 502.35 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.57 502.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.60 502.35 Td (suf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.24 502.35 Td (ficient ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.27 502.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.55 502.35 Td (opportunities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.17 502.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.62 502.35 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.31 502.35 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.48 502.35 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.52 502.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.80 502.35 Td (elect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.82 502.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.19 502.35 Td (limit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.23 502.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.36 502.35 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.31 502.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.02 502.35 Td (reducing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.96 502.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.99 502.35 Td (rate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.93 502.35 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.47 489.75 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.62 489.75 Td (receives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.32 489.75 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.12 489.75 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.39 489.75 Td (Depending ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.77 489.75 Td (on, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.21 489.75 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.10 489.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.98 489.75 Td (factors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.48 489.75 Td (prevailing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.36 489.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.83 489.75 Td (conditions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.51 489.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.65 489.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.37 489.75 Td (manager's ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.06 477.15 Td (style, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.00 477.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.63 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.27 477.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.33 477.15 Td (limits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.73 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.37 477.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.68 477.15 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.32 477.15 Td (sectors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.96 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.60 477.15 Td (types ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.25 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.47 477.15 Td (opportunities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.37 477.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.02 477.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.16 477.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.47 477.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.36 477.15 Td (manager ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.45 464.55 Td (invests ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.83 464.55 Td (\(such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.79 464.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.75 464.55 Td (less ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.71 464.55 Td (capitalized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.40 464.55 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.51 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.88 464.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.67 464.55 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.46 464.55 Td (thinly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.17 464.55 Td (traded ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.62 464.55 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.48 464.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.86 464.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.74 464.55 Td (relatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.60 464.55 Td (smaller ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.76 451.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.67 451.95 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.51 451.95 Td (made\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.46 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.39 451.95 Td (risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.32 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.16 451.95 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.67 451.95 Td (having ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.35 451.95 Td (suf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.99 451.95 Td (ficient ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.91 451.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.08 451.95 Td (opportunities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.59 451.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.76 451.95 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.25 451.95 Td (when ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.09 451.95 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.09 451.95 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (manager ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.36 439.35 Td (increases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.56 439.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.82 439.35 Td (AUM, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.67 439.35 Td (particularly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.78 439.35 Td (when ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.25 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.79 439.35 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.91 439.35 Td (occurs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.03 439.35 Td (very ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.40 439.35 Td (quickly) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.22 439.35 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.56 439.35 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.27 439.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.99 439.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.12 439.35 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.07 439.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.61 439.35 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.74 439.35 Td (able ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.95 439.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.84 439.35 Td (identify ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (suf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.14 426.75 Td (ficient ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.50 426.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.10 426.75 Td (opportunities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.05 426.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.82 426.75 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.85 426.75 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.70 426.75 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.19 426.75 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.97 426.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.57 426.75 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.16 426.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.43 426.75 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.80 426.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.49 426.75 Td (grow ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.60 426.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.21 426.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.66 426.75 Td (reduced.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 401.55 Td (Changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.06 401.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.44 401.55 Td (Securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.65 401.55 Td (Markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.86 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.83 401.55 Td (Prices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.28 401.55 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.76 401.55 Td (Af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.07 401.55 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.43 401.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.23 401.55 Td (Revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.27 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.23 401.55 Td (Net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.02 401.55 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 376.35 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.50 376.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.12 376.35 Td (lar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.00 376.35 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.53 376.35 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.47 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.83 376.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.44 376.35 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.28 376.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.90 376.35 Td (derived ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.00 376.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.02 376.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.71 376.35 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.49 376.35 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.00 376.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.28 376.35 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.93 376.35 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.78 376.35 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.97 376.35 Td (contracts, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.48 363.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.71 363.75 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.03 363.75 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.08 363.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.48 363.75 Td (receive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.94 363.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.91 363.75 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.81 363.75 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.87 363.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.52 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.50 363.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.81 363.75 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.70 363.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.91 363.75 Td (AUM. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.49 363.75 Td (Accordingly) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.29 363.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.07 363.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.89 363.75 Td (decline ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.36 363.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 363.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (prices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.20 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.57 351.15 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.85 351.15 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.54 351.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.24 351.15 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.18 351.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.80 351.15 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.74 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.53 351.15 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.06 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.85 351.15 Td (decline ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.79 351.15 Td (by:) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 325.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 325.95 Td (causing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.20 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.65 325.95 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.02 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.39 325.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.43 325.95 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.56 325.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.35 325.95 Td (decrease, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.74 325.95 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.02 325.95 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.90 325.95 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.85 325.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.65 325.95 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.18 325.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.88 325.95 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.67 325.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.45 325.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.65 325.95 Td (fees;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 313.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 313.35 Td (causing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.79 313.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.01 313.35 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.64 313.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.02 313.35 Td (withdraw ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.90 313.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.45 313.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.84 313.35 Td (favor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.21 313.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.18 313.35 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.56 313.35 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.86 313.35 Td (perceive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.63 313.35 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.19 313.35 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.06 313.35 Td (greater ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.42 313.35 Td (opportunity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.64 313.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.61 313.35 Td (lower ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 300.75 Td (risk, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.50 300.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.79 300.75 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.66 300.75 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.20 300.75 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.16 300.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.95 300.75 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.48 300.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.18 300.75 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.97 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.75 300.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.95 300.75 Td (fees; ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.40 300.75 Td (or) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 288.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 288.15 Td (decreasing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.02 288.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.47 288.15 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.15 288.15 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.68 288.15 Td (earned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.28 288.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.40 288.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.03 288.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.06 288.15 Td (managers.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 262.95 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.39 262.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.62 262.95 Td (often ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.60 262.95 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.93 262.95 Td (fluctuations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.91 262.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.49 262.95 Td (price ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.88 262.95 Td (levels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.79 262.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.36 262.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.60 262.95 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.66 262.95 Td (markets. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.76 262.95 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.25 262.95 Td (fluctuations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.23 262.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.21 262.95 Td (occur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.94 262.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.85 262.95 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (daily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.52 250.35 Td (basis ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.55 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.74 250.35 Td (over ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.42 250.35 Td (longer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.28 250.35 Td (periods ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.21 250.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.99 250.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.68 250.35 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.03 250.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.81 250.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.49 250.35 Td (variety ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.67 250.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.45 250.35 Td (factors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.67 250.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.36 250.35 Td (national ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.21 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.40 250.35 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.49 250.35 Td (economic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 250.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (political ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.82 237.75 Td (events, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.19 237.75 Td (broad ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.01 237.75 Td (trends ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.58 237.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.66 237.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.16 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.23 237.75 Td (finance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.67 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.74 237.75 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.56 237.75 Td (rate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.21 237.75 Td (movements. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.16 237.75 Td (Reduced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.81 237.75 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.37 237.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.44 237.75 Td (prices ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.33 225.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.17 225.15 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.27 225.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.20 225.15 Td (reduced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.19 225.15 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.27 225.15 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.45 225.15 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.12 225.15 Td (levels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.38 225.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.06 225.15 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.33 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.26 225.15 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.36 225.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.88 225.15 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.30 225.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.23 225.15 Td (advisory) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.71 225.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.10 225.15 Td (incentive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 225.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.32 212.55 Td (fees. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.63 212.55 Td (Periods ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.90 212.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.42 212.55 Td (reduced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.42 212.55 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.35 212.55 Td (prices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.19 212.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.05 212.55 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.05 212.55 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.02 212.55 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.53 212.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.30 212.55 Td (profitability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.23 212.55 Td (because ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.23 212.55 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.58 212.55 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.35 212.55 Td (remain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (relatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.34 199.95 Td (unchanged. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.63 199.95 Td (Because ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.80 199.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.23 199.95 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.31 199.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.67 199.95 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.02 199.95 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.75 199.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.57 199.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.58 199.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.36 199.95 Td (cycles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.78 199.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.71 199.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.90 199.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.50 199.95 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.92 199.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.18 199.95 Td (occur ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.35 Td (contemporaneously) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.05 187.35 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.60 187.35 Td (Consequently) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.67 187.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.23 187.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.99 187.35 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.95 187.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.62 187.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.30 187.35 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.15 187.35 Td (economic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.89 187.35 Td (downturn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.07 187.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.08 187.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.84 187.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.43 187.35 Td (magnified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.94 187.35 Td (negative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.43 187.35 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.40 187.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.07 187.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.50 187.35 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.75 Td (business.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 149.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.33 149.55 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.45 149.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.28 149.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.10 149.55 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.59 149.55 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.80 149.55 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.50 149.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.25 149.55 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.24 149.55 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.65 149.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.48 149.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.56 149.55 Td (invested ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.63 149.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.21 149.55 Td (consisted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.38 149.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.20 149.55 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.94 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.18 149.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.84 149.55 Td (seed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.94 136.95 Td (investments. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.65 136.95 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.65 136.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.11 136.95 Td (decline ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.89 136.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.51 136.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.80 136.95 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.00 136.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.20 136.95 Td (alternatives, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.68 136.95 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.38 136.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.59 136.95 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.62 136.95 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.99 136.95 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.10 136.95 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.89 136.95 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.25 136.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.54 136.95 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.74 136.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.94 136.95 Td (these ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.83 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.16 124.35 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.66 124.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.00 124.35 Td (declines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.57 124.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.91 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.07 124.35 Td (non-operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.14 124.35 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.21 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.54 124.35 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.54 124.35 Td (income. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.24 124.35 Td (Increases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.47 124.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.38 124.35 Td (decreases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.78 124.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.11 124.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.11 124.35 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.02 124.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.93 124.35 Td (these ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.29 111.75 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.24 111.75 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.26 111.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.71 111.75 Td (volatility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.25 111.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.63 111.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.25 111.75 Td (earnings.) Tj ET Q
endstream
endobj
51 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 52 0 R>>
endobj
52 0 obj
<</Length 93718>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (23) Tj ET Q
BT /F6 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 741.90 Td (Changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.06 741.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.44 741.90 Td (Interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.32 741.90 Td (Rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.86 741.90 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.75 741.90 Td (Have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.72 741.90 Td (Adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.75 741.90 Td (Ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.06 741.90 Td (fects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.51 741.90 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.23 741.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.64 741.90 Td (Assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.10 741.90 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.15 741.90 Td (Management) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 716.70 Td (Increases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.53 716.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.67 716.70 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.55 716.70 Td (rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.35 716.70 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.40 716.70 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.61 716.70 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.57 716.70 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.28 716.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.09 716.70 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.89 716.70 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.27 716.70 Td (values ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.07 716.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.79 716.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.11 716.70 Td (AUM. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.21 716.70 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.93 716.70 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.94 716.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.08 716.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.71 716.70 Td (rising ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.61 716.70 Td (interest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 704.10 Td (rate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.84 704.10 Td (environment, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.14 704.10 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.92 704.10 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.44 704.10 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.13 704.10 Td (shift ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.40 704.10 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.60 704.10 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.70 704.10 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.05 704.10 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.91 704.10 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.16 704.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.94 704.10 Td (pooled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.12 704.10 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.81 704.10 Td (vehicles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.82 704.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.59 704.10 Td (direct ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.50 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.17 691.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.85 691.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.19 691.50 Td (types ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.87 691.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.12 691.50 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.13 691.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.81 691.50 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.98 691.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.32 691.50 Td (pooled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.41 691.50 Td (vehicles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.33 691.50 Td (invest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.92 691.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.60 691.50 Td (order ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.26 691.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.94 691.50 Td (realize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.42 691.50 Td (higher ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.76 691.50 Td (yields ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.35 691.50 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.94 691.50 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.62 691.50 Td (available ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.73 678.90 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.36 678.90 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.58 678.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.80 678.90 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.43 678.90 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.65 678.90 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.46 678.90 Td (strategies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.17 678.90 Td (holding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.32 678.90 Td (lower) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.01 678.90 Td (-yielding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.98 678.90 Td (instruments. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.67 678.90 Td (Furthermore, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.84 678.90 Td (increases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.38 678.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.60 678.90 Td (interest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.30 Td (rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.73 666.30 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.21 666.30 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.94 666.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.51 666.30 Td (reduced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.14 666.30 Td (prices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.62 666.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.19 666.30 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.84 666.30 Td (markets. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.10 666.30 Td (Conversely) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.25 666.30 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.28 666.30 Td (decreases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.90 666.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.47 666.30 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.78 666.30 Td (rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.01 666.30 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.74 666.30 Td (lead ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.63 666.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.20 666.30 Td (outflows ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.36 666.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.93 666.30 Td (fixed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.70 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.00 653.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.34 653.70 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.52 653.70 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.61 653.70 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.94 653.70 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.78 653.70 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.02 653.70 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.36 653.70 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.87 653.70 Td (seek ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.11 653.70 Td (higher ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.53 653.70 Td (yields. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.26 653.70 Td (Any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.93 653.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.27 653.70 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.44 653.70 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.41 653.70 Td (fects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.82 653.70 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.74 653.70 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.24 653.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.26 653.70 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 653.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 641.10 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.30 641.10 Td (and, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.57 641.10 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.47 641.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.95 641.10 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.75 641.10 Td (decline ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.55 641.10 Td (without ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.12 641.10 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.26 641.10 Td (commensurate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.97 641.10 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.11 641.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.76 641.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.24 641.10 Td (expenses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.25 641.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.73 641.10 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.05 641.10 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.44 641.10 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.26 641.10 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.65 641.10 Td (reduced.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 615.90 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.99 615.90 Td (low ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.90 615.90 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.97 615.90 Td (rate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.86 615.90 Td (environment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.09 615.90 Td (experienced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.97 615.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.30 615.90 Td (prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.87 615.90 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.19 615.90 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.58 615.90 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.55 615.90 Td (fected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.36 615.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.35 615.90 Td (yields ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.59 615.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.50 615.90 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.24 615.90 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.55 615.90 Td (funds, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.30 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.09 603.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.84 603.30 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.67 603.30 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.10 603.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.86 603.30 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.70 603.30 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.04 603.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.79 603.30 Td (underlying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.21 603.30 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.80 603.30 Td (less ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.48 603.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.24 603.30 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.82 603.30 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.75 603.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.42 603.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.18 603.30 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.93 603.30 Td (When ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.93 603.30 Td (short-term ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.60 603.30 Td (interest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.70 Td (rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.58 590.70 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.66 590.70 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.49 590.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.50 590.70 Td (near ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.82 590.70 Td (zero, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.77 590.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.86 590.70 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.77 590.70 Td (expenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.94 590.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.94 590.70 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.78 590.70 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.19 590.70 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.78 590.70 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.12 590.70 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.02 590.70 Td (greater ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.42 590.70 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.76 590.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.85 590.70 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.01 590.70 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 590.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 578.10 Td (underlying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.41 578.10 Td (securities, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.10 578.10 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.17 578.10 Td (reduces ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.65 578.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.89 578.10 Td (yield ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.30 578.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.46 578.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.70 578.10 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.70 578.10 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.26 578.10 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.01 578.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.59 578.10 Td (very ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.66 578.10 Td (low ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.82 578.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.98 578.10 Td (negative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.97 578.10 Td (levels. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.50 578.10 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.66 578.10 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.11 578.10 Td (bank ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.50 Td (deposits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.09 565.50 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.34 565.50 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.17 565.50 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.92 565.50 Td (attractive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.15 565.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.49 565.50 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.58 565.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.91 565.50 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.67 565.50 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.99 565.50 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.50 565.50 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.00 565.50 Td (experience ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.64 565.50 Td (redemptions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.35 565.50 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.18 565.50 Td (could ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.90 Td (decrease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.77 552.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.89 552.90 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.33 552.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.62 552.90 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.58 552.90 Td (income. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.24 552.90 Td (During ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.12 552.90 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.99 552.90 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.18 552.90 Td (2014 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.31 552.90 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.10 552.90 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.97 552.90 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.17 552.90 Td (2017, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.92 552.90 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.30 552.90 Td (voluntarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.50 552.90 Td (waived ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.95 552.90 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.30 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.15 540.30 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.65 540.30 Td (assumed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.56 540.30 Td (expenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.21 540.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.70 540.30 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.03 540.30 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.93 540.30 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.01 540.30 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.00 540.30 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.32 540.30 Td (reasons, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.18 540.30 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.18 540.30 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.67 540.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.59 540.30 Td (maintain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.08 540.30 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.40 540.30 Td (yields, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.85 540.30 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.70 Td (reduced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.59 527.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.45 527.70 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.48 527.70 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.16 527.70 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.93 527.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.96 527.70 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.65 527.70 Td (income. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.91 527.70 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.10 527.70 Td (actual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.04 527.70 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.40 527.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.01 527.70 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.78 527.70 Td (waived ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.96 527.70 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.16 527.70 Td (dependent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.17 527.70 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.54 527.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.06 527.70 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.00 527.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.61 527.70 Td (variables ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 515.10 Td (including, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.40 515.10 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.59 515.10 Td (others, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.48 515.10 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.91 515.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.69 515.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.13 515.10 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.57 515.10 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.68 515.10 Td (held ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.37 515.10 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.48 515.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.09 515.10 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.28 515.10 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.04 515.10 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.61 515.10 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.04 515.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.82 515.10 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.58 515.10 Td (yields, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.90 515.10 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 515.10 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.43 502.50 Td (expense ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.34 502.50 Td (levels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.94 502.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.78 502.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.71 502.50 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.77 502.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.03 502.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.12 502.50 Td (willingness ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.06 502.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.32 502.50 Td (voluntarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.50 502.50 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.76 502.50 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.10 502.50 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.02 502.50 Td (waivers. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.17 502.50 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.24 502.50 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.00 502.50 Td (experienced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.82 502.50 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.58 502.50 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.68 502.50 Td (higher ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.90 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.65 489.90 Td (rate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.63 489.90 Td (environment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.94 489.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.36 489.90 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.34 489.90 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.74 489.90 Td (2019 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.98 489.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.39 489.90 Td (2020 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.63 489.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.04 489.90 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.10 489.90 Td (waivers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.00 489.90 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.48 489.90 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.30 489.90 Td (reasons ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.03 489.90 Td (did ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.69 489.90 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.36 489.90 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.76 489.90 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.34 489.90 Td (those ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.30 Td (years. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.29 477.30 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.08 477.30 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.42 477.30 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.16 477.30 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.08 477.30 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.99 477.30 Td (rate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.74 477.30 Td (environment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.82 477.30 Td (resulting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.57 477.30 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.99 477.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.83 477.30 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.80 477.30 Td (fects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.63 477.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.39 477.30 Td (COVID ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.65 477.30 Td (19 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.16 477.30 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.24 477.30 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.58 477.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.76 477.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.43 477.30 Td (return ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.51 477.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.69 477.30 Td (fee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.70 Td (waivers.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 439.50 Td (Competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.22 439.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.60 439.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.25 439.50 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.63 439.50 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.43 439.50 Td (Industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.82 439.50 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.71 439.50 Td (Reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.41 439.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.21 439.50 Td (Revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.25 439.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.21 439.50 Td (Net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.00 439.50 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 414.30 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.16 414.30 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.90 414.30 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.88 414.30 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.63 414.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.13 414.30 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.12 414.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.70 414.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.85 414.30 Td (engaged ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.16 414.30 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.50 414.30 Td (extremely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.81 414.30 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.71 414.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.20 414.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.78 414.30 Td (face ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.59 414.30 Td (substantial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.70 Td (competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.21 401.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.93 401.70 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.98 401.70 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.85 401.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.15 401.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.70 401.70 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.28 401.70 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.35 401.70 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.56 401.70 Td (compete ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.68 401.70 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.14 401.70 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.19 401.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.40 401.70 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.03 401.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.33 401.70 Td (factors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.07 401.70 Td (including: ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.20 401.70 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.83 401.70 Td (performance, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 389.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.53 389.10 Td (level ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.14 389.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.09 389.10 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.19 389.10 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.07 389.10 Td (ged, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.06 389.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.09 389.10 Td (quality ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.46 389.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.82 389.10 Td (diversity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.77 389.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.72 389.10 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.74 389.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.10 389.10 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.46 389.10 Td (provided, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.61 389.10 Td (name ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.56 389.10 Td (recognition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.58 389.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.94 389.10 Td (reputation, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 389.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.72 376.50 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.94 376.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.51 376.50 Td (develop ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.14 376.50 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.02 376.50 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.49 376.50 Td (strategies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.54 376.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.10 376.50 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.65 376.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.21 376.50 Td (meet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.01 376.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.23 376.50 Td (changing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.11 376.50 Td (needs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.41 376.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.55 376.50 Td (investors. ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 476.31 376.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 495.03 376.50 Td (introduction ) Tj ET Q
q 0 0 0 rg BT 548.75 376.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (new ) Tj ET Q
q 0 0 0 rg BT 70.01 363.90 Td (technologies, ) Tj ET Q
q 0 0 0 rg BT 128.72 363.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 140.48 363.90 Td (well ) Tj ET Q
q 0 0 0 rg BT 161.57 363.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 173.33 363.90 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 219.49 363.90 Td (changes, ) Tj ET Q
q 0 0 0 rg BT 258.95 363.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 281.78 363.90 Td (altered ) Tj ET Q
q 0 0 0 rg BT 313.36 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 329.20 363.90 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 381.78 363.90 Td (landscape ) Tj ET Q
q 0 0 0 rg BT 426.19 363.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 441.45 363.90 Td (asset ) Tj ET Q
q 0 0 0 rg BT 464.87 363.90 Td (managers, ) Tj ET Q
q 0 0 0 rg BT 510.74 363.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 539.42 363.90 Td (may ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (lead ) Tj ET Q
q 0 0 0 rg BT 69.11 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 79.40 351.30 Td (fee ) Tj ET Q
q 0 0 0 rg BT 94.35 351.30 Td (compression ) Tj ET Q
q 0 0 0 rg BT 149.55 351.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 160.42 351.30 Td (require ) Tj ET Q
q 0 0 0 rg BT 192.27 351.30 Td (us ) Tj ET Q
q 0 0 0 rg BT 203.73 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 214.02 351.30 Td (spend ) Tj ET Q
q 0 0 0 rg BT 240.65 351.30 Td (more ) Tj ET Q
q 0 0 0 rg BT 264.34 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 274.64 351.30 Td (modify ) Tj ET Q
q 0 0 0 rg BT 307.09 351.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 317.96 351.30 Td (adapt ) Tj ET Q
q 0 0 0 rg BT 342.82 351.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 358.95 351.30 Td (product ) Tj ET Q
q 0 0 0 rg BT 393.14 351.30 Td (of) Tj ET Q
q 0 0 0 rg BT 401.70 351.30 Td (ferings ) Tj ET Q
q 0 0 0 rg BT 432.98 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 443.27 351.30 Td (attract ) Tj ET Q
q 0 0 0 rg BT 471.63 351.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 488.91 351.30 Td (retain ) Tj ET Q
q 0 0 0 rg BT 514.94 351.30 Td (customers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.20 338.70 Td (remain ) Tj ET Q
q 0 0 0 rg BT 98.89 338.70 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 151.00 338.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 172.20 338.70 Td (products ) Tj ET Q
q 0 0 0 rg BT 210.90 338.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 228.60 338.70 Td (services ) Tj ET Q
q 0 0 0 rg BT 264.96 338.70 Td (of) Tj ET Q
q 0 0 0 rg BT 273.52 338.70 Td (fered ) Tj ET Q
q 0 0 0 rg BT 297.62 338.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 310.66 338.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 334.77 338.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 374.04 338.70 Td (institutions, ) Tj ET Q
q 0 0 0 rg BT 425.88 338.70 Td (technology ) Tj ET Q
q 0 0 0 rg BT 475.07 338.70 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 525.14 338.70 Td (trading, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.10 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 88.83 326.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 100.74 326.10 Td (asset ) Tj ET Q
q 0 0 0 rg BT 124.32 326.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 181.13 326.10 Td (firms. ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.08 326.10 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.58 326.10 Td (competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.90 326.10 Td (includes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.06 326.10 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.64 326.10 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.87 326.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.20 326.10 Td (domestic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.27 326.10 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.85 326.10 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.50 Td (firms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.86 313.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.22 313.50 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.42 313.50 Td (-dealers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.47 313.50 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.83 313.50 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.27 313.50 Td (complexes, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.00 313.50 Td (hedge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.27 313.50 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.43 313.50 Td (commercial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.18 313.50 Td (banks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.50 313.50 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.93 313.50 Td (companies, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.66 313.50 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.43 313.50 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.90 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.99 300.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.73 300.90 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.89 300.90 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.21 300.90 Td (institutions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.09 300.90 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.68 300.90 Td (Many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.76 300.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.09 300.90 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.25 300.90 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.80 300.90 Td (ganizations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.21 300.90 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.77 300.90 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.00 300.90 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.75 300.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.49 300.90 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.90 300.90 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.23 300.90 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.63 300.90 Td (similar ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.38 300.90 Td (to, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 300.90 Td (or) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 557.50 300.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.30 Td (compete ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.73 288.30 Td (with, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.68 288.30 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.51 288.30 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.06 288.30 Td (fered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.29 288.30 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.45 288.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.11 288.30 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.18 288.30 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.08 288.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.90 288.30 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.38 288.30 Td (substantially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.12 288.30 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.36 288.30 Td (personnel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.84 288.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.66 288.30 Td (greater ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.47 288.30 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.86 288.30 Td (resources ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.70 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.14 275.70 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.94 275.70 Td (do. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.62 275.70 Td (Some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.09 275.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.40 275.70 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.53 275.70 Td (competitors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.66 275.70 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.04 275.70 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.24 275.70 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.96 275.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.68 275.70 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.66 275.70 Td (channels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.95 275.70 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.25 275.70 Td (make ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.55 275.70 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.94 275.70 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.07 275.70 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.55 275.70 Td (ficult ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.26 275.70 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 263.10 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.55 263.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.44 263.10 Td (compete ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.73 263.10 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.11 263.10 Td (them. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.45 263.10 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.92 263.10 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.67 263.10 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.72 263.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.18 263.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.90 263.10 Td (competitors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.19 263.10 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.73 263.10 Td (long-standing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.19 263.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.07 263.10 Td (established ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.45 263.10 Td (relationships ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.83 263.10 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.50 Td (distributors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.19 250.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.21 250.50 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.10 250.50 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.71 250.50 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.23 250.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.26 250.50 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.40 250.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.26 250.50 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.52 250.50 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.61 250.50 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.39 250.50 Td (compete ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.81 250.50 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.33 250.50 Td (each ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.42 250.50 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.85 250.50 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.96 250.50 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.22 250.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.24 250.50 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.59 250.50 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.90 Td (management. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.10 237.90 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.76 237.90 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.91 237.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.41 237.90 Td (compete ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.31 237.90 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.71 237.90 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.95 237.90 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.51 237.90 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.48 237.90 Td (fected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.45 237.90 Td (if, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.82 237.90 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.73 237.90 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.63 237.90 Td (things, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.25 237.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.58 237.90 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.32 237.90 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.88 237.90 Td (lose ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.12 237.90 Td (key ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.61 237.90 Td (employees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.30 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.83 225.30 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.41 225.30 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.12 225.30 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.08 225.30 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.87 225.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.66 225.30 Td (case ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.69 225.30 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.89 225.30 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.42 225.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.13 225.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.92 225.30 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.04 225.30 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.90 225.30 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.37 225.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.33 225.30 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.70 225.30 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.52 225.30 Td (under) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.22 225.30 Td (-perform ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.49 225.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.62 225.30 Td (comparison ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.57 225.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.70 225.30 Td (relevant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.70 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.17 212.70 Td (benchmarks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.53 212.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.90 212.70 Td (peer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.60 212.70 Td (groups.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 187.50 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.29 187.50 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.18 187.50 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.29 187.50 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.18 187.50 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.65 187.50 Td (experienced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.83 187.50 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.72 187.50 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.85 187.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.49 187.50 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.62 187.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.92 187.50 Td (entry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.96 187.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.18 187.50 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.98 187.50 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.94 187.50 Td (firms, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.20 187.50 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.42 187.50 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.97 187.50 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.19 187.50 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.90 Td (consolidation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.82 174.90 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.31 174.90 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.46 174.90 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.61 174.90 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.99 174.90 Td (firms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.90 174.90 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.46 174.90 Td (either ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.10 174.90 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.66 174.90 Td (acquired ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.55 174.90 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.79 174.90 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.11 174.90 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.58 174.90 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.14 174.90 Td (firms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.04 174.90 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.53 174.90 Td (ceased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.30 Td (operations. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.63 162.30 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.15 162.30 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.24 162.30 Td (cases, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.79 162.30 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.73 162.30 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.49 162.30 Td (resulted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.50 162.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.43 162.30 Td (firms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.36 162.30 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.80 162.30 Td (greater ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.71 162.30 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.21 162.30 Td (resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.62 162.30 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.47 162.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.48 162.30 Td (have. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.69 162.30 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.20 162.30 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.01 162.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.44 162.30 Td (number ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.49 149.70 Td (heavily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.64 149.70 Td (capitalized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.35 149.70 Td (companies, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.12 149.70 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.03 149.70 Td (commercial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.83 149.70 Td (banks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.57 149.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.97 149.70 Td (foreign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.53 149.70 Td (entities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.10 149.70 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.16 149.70 Td (made ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.14 149.70 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.55 149.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.96 149.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.36 149.70 Td (acquired ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 137.10 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.24 137.10 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.21 137.10 Td (firms. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.59 137.10 Td (Access ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.66 137.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.16 137.10 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.65 137.10 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.22 137.10 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.97 137.10 Td (channels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.03 137.10 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.36 137.10 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.60 137.10 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.58 137.10 Td (increasingly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.22 137.10 Td (competitive. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.01 137.10 Td (All ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 137.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.50 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.94 124.50 Td (factors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.37 124.50 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.56 124.50 Td (make ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.16 124.50 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.86 124.50 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.29 124.50 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.77 124.50 Td (ficult ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.79 124.50 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.90 124.50 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.09 124.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.12 124.50 Td (compete, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.18 124.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.20 124.50 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.56 124.50 Td (assurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.24 124.50 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.67 124.50 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.44 124.50 Td (given ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.64 124.50 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.24 124.50 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.35 124.50 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.55 124.50 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.32 124.50 Td (successful ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 124.50 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.90 Td (competing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.68 111.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.70 111.90 Td (growing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.55 111.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.77 111.90 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.13 111.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.15 111.90 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.21 111.90 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.06 111.90 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.33 111.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.35 111.90 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.94 111.90 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.21 111.90 Td (decide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.47 111.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.49 111.90 Td (use ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.34 111.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.03 111.90 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.70 111.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.30 111.90 Td (competitors, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.30 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.08 99.30 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.16 99.30 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.89 99.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.63 99.30 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.69 99.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.60 99.30 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.10 99.30 Td (rate, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.21 99.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.11 99.30 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.28 99.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.02 99.30 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.08 99.30 Td (decrease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.97 99.30 Td (without ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.80 99.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.21 99.30 Td (commensurate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.19 99.30 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.59 99.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.50 99.30 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.70 Td (expenses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.49 86.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.94 86.70 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.23 86.70 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.59 86.70 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.38 86.70 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.75 86.70 Td (reduced. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.06 86.70 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.26 86.70 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.89 86.70 Td (regard, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.79 86.70 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.23 86.70 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.51 86.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.62 86.70 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.15 86.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.36 86.70 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.23 86.70 Td (classes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.84 86.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.46 86.70 Td (product ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.99 86.70 Td (types ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.61 86.70 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.82 86.70 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.09 86.70 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 74.10 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.72 74.10 Td (covered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.09 74.10 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.73 74.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.87 74.10 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.74 74.10 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.04 74.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.34 74.10 Td (services. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.77 74.10 Td (When ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.98 74.10 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.70 74.10 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.25 74.10 Td (classes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.55 74.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.44 74.10 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.74 74.10 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.70 74.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.01 74.10 Td (favor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.30 74.10 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.11 74.10 Td (investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.79 74.10 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.17 74.10 Td (will ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.50 Td (miss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.65 61.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.37 61.50 Td (opportunity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.26 61.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.32 61.50 Td (gain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.29 61.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.01 61.50 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.40 61.50 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.20 61.50 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.73 61.50 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.37 61.50 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.08 61.50 Td (being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.30 61.50 Td (invested ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.18 61.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.24 61.50 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.71 61.50 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.10 61.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.15 61.50 Td (face ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.52 61.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.24 61.50 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.88 61.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.52 61.50 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.90 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.85 48.90 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.79 48.90 Td (being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.57 48.90 Td (withdrawn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.92 48.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.54 48.90 Td (favor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.14 48.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.34 48.90 Td (competitors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.36 48.90 Td (who ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.89 48.90 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.41 48.90 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.68 48.90 Td (covering ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.86 48.90 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.88 48.90 Td (classes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.49 48.90 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.68 48.90 Td (products. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.92 48.90 Td (For ) Tj ET Q
endstream
endobj
53 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 54 0 R>>
endobj
54 0 obj
<</Length 79475>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (24) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (example, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.21 741.75 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.71 741.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.23 741.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.41 741.75 Td (trend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.50 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.19 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.54 741.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.46 741.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.63 741.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.73 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.42 741.75 Td (favor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.09 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.35 741.75 Td (passive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.78 741.75 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.46 741.75 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.23 741.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.49 741.75 Td (index ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.34 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.01 741.75 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.09 741.75 Td (types ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.78 741.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (ETFs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.58 729.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.94 729.15 Td (favors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.88 729.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.58 729.15 Td (competitors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.85 729.15 Td (who ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.64 729.15 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.41 729.15 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.28 729.15 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.14 729.15 Td (over ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.50 729.15 Td (active ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.27 729.15 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.20 729.15 Td (like ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.65 729.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.34 729.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.46 729.15 Td (managers. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.01 729.15 Td (Investors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.83 716.55 Td (increasingly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.65 716.55 Td (attracted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.30 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.98 716.55 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.39 716.55 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.72 716.55 Td (passive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.14 716.55 Td (products, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.43 716.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.60 716.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.93 716.55 Td (gained ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.43 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.10 716.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.69 716.55 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.35 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.03 716.55 Td (gain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.61 716.55 Td (share ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.27 716.55 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.36 716.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.70 716.55 Td (expense ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.07 703.95 Td (active ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.96 703.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.95 703.95 Td (like ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.52 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.17 703.95 Td (ones ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.25 703.95 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.97 703.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.30 703.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.12 703.95 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.09 703.95 Td (filiates, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.11 703.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.10 703.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.17 703.95 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.15 703.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.14 703.95 Td (face ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.44 703.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.42 703.95 Td (pressures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.32 703.95 Td (regarding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.38 703.95 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.02 703.95 Td (levels ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.73 691.35 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.36 691.35 Td (products. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.20 691.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.01 691.35 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.11 691.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.17 691.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.65 691.35 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.94 691.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.82 691.35 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.30 691.35 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.11 691.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.00 691.35 Td (lowest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.47 691.35 Td (cost ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.45 691.35 Td (provider ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.09 691.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.89 691.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.37 691.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.08 691.35 Td (services. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 55.18 678.75 Td (o ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.27 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.94 678.75 Td (extent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.44 678.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.02 678.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.11 678.75 Td (compete ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.51 678.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.85 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.52 678.75 Td (basis ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.36 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.95 678.75 Td (price ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.78 678.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.78 678.75 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.78 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.37 678.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.21 678.75 Td (businesses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.01 678.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.09 678.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.01 678.75 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.27 678.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.02 678.75 Td (able ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.35 678.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.36 678.75 Td (maintain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.94 678.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.77 678.75 Td (current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.93 666.15 Td (structure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.27 666.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.05 666.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.41 666.15 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.23 666.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.50 666.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.44 666.15 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.28 666.15 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.25 666.15 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.59 666.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.20 666.15 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.12 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.89 666.15 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.33 666.15 Td (income. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.47 666.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.83 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.27 666.15 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.45 666.15 Td (separately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.62 666.15 Td (managed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (account ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.82 653.55 Td (program ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.07 653.55 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.95 653.55 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.61 653.55 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.28 653.55 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.77 653.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.11 653.55 Td (trend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.35 653.55 Td (toward ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.19 653.55 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.43 653.55 Td (open ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.52 653.55 Td (programs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.85 653.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.27 653.55 Td (involve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.43 653.55 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.68 653.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.77 653.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.67 653.55 Td (who ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.43 653.55 Td (provide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (only ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.91 640.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.74 640.95 Td (models ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.82 640.95 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.23 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.80 640.95 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.28 640.95 Td (institution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.62 640.95 Td (sponsor's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.01 640.95 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.66 640.95 Td (use ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.41 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.32 640.95 Td (allocate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.71 640.95 Td (assets. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.20 640.95 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.20 640.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.95 640.95 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.77 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.27 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.84 640.95 Td (programs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.91 628.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.74 628.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.15 628.35 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.40 628.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.39 628.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.38 628.35 Td (followed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.87 628.35 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.21 628.35 Td (trend, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.58 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.91 628.35 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.07 628.35 Td (programs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.90 628.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.39 628.35 Td (do ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.06 628.35 Td (so ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.57 628.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.90 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.90 628.35 Td (future. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.61 628.35 Td (This ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.45 628.35 Td (trend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.19 628.35 Td (could ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.33 615.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.66 615.75 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.67 615.75 Td (retention ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.49 615.75 Td (issues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.07 615.75 Td (due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.73 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.40 615.75 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.89 615.75 Td (competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.55 615.75 Td (within ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.88 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.21 615.75 Td (programs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.99 615.75 Td (particularly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.89 615.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.63 615.75 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.29 615.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.46 615.75 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (issues, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.66 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.26 603.15 Td (reduced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.93 603.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.02 603.15 Td (fees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.00 603.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.10 603.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.37 603.15 Td (typical ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.38 603.15 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.24 603.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.43 603.15 Td (providing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.71 603.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.23 603.15 Td (models ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.01 603.15 Td (rather ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.93 603.15 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.46 603.15 Td (advisory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.06 603.15 Td (services.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 577.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.59 577.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.95 577.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.71 577.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.89 577.95 Td (management. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.32 577.95 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.75 577.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.18 577.95 Td (result, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.89 577.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.90 577.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.74 577.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.42 577.95 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.76 577.95 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.73 577.95 Td (fected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.14 577.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.40 577.95 Td (trends ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.83 577.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.75 577.95 Td (issues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.61 577.95 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.57 577.95 Td (fecting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.49 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.08 577.95 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.43 565.35 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.16 565.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.07 565.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.60 565.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.63 565.35 Td (industry-wide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.24 565.35 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.67 565.35 Td (issues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.04 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.49 565.35 Td (inquiries, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.14 565.35 Td (publicity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.75 565.35 Td (about, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.99 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.43 565.35 Td (public ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.96 565.35 Td (perceptions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.64 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.67 565.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.24 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.72 552.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.45 552.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.41 552.75 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.15 552.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.62 552.75 Td (cycles, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.80 552.75 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.20 552.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.09 552.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.14 552.75 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.28 552.75 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.50 552.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.56 552.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.70 552.75 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.60 552.75 Td (diversified ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (businesses.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 514.95 Td (Failure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.30 514.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.59 514.95 Td (Properly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.73 514.95 Td (Address ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.27 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.81 514.95 Td (Increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.52 514.95 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.54 514.95 Td (ransformative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.34 514.95 Td (Pressures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.15 514.95 Td (Af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.46 514.95 Td (fecting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.33 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.56 514.95 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.44 514.95 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.73 514.95 Td (Industry ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.39 502.35 Td (Negatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.49 502.35 Td (Impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.45 502.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.25 502.35 Td (Business) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 477.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.65 477.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.89 477.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.37 477.15 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.61 477.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.45 477.15 Td (facing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.51 477.15 Td (transformative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.57 477.15 Td (pressures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.47 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.46 477.15 Td (trends ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.95 477.15 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.19 477.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.68 477.15 Td (variety ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.66 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.23 477.15 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.71 477.15 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.02 477.15 Td (sources ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (including:) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 451.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 451.95 Td (Increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.35 451.95 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.79 451.95 Td (pressure;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 439.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 439.35 Td (Increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.35 439.35 Td (demand ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.21 439.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.25 439.35 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.28 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.07 439.35 Td (distributors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.53 439.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.40 439.35 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.35 439.35 Td (engagement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.70 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.48 439.35 Td (value-added ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.42 439.35 Td (services;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 426.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 426.75 Td (Diver) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.22 426.75 Td (gent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.66 426.75 Td (central ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.58 426.75 Td (bank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.35 426.75 Td (monetary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.36 426.75 Td (policies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.38 426.75 Td (between ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.72 426.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.91 426.75 Td (U.S ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.32 426.75 Td (Federal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.16 426.75 Td (Reserve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.34 426.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.86 426.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.05 426.75 Td (central ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.97 426.75 Td (banks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.83 426.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.93 426.75 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 414.15 Td (developed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.27 414.15 Td (economies;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 401.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 401.55 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.50 401.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.83 401.55 Td (continued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.56 401.55 Td (shift ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.55 401.55 Td (away ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.03 401.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.76 401.55 Td (actively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.32 401.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.55 401.55 Td (core ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.94 401.55 Td (equities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.92 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.41 401.55 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.31 401.55 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.54 401.55 Td (strategies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.51 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.00 401.55 Td (towards ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.57 401.55 Td (alternative, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 388.95 Td (passive, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.66 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.45 388.95 Td (smart ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.40 388.95 Td (beta ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.51 388.95 Td (strategies;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 376.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 376.35 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.50 376.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.98 376.35 Td (trend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.03 376.35 Td (towards ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.76 376.35 Td (institutions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.91 376.35 Td (developing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.05 376.35 Td (fewer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.42 376.35 Td (relationships ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.56 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.20 376.35 Td (partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.50 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.13 376.35 Td (reducing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.35 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.65 376.35 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.21 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.43 376.35 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 363.75 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.36 363.75 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.06 363.75 Td (work ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.27 363.75 Td (with;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 351.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 351.15 Td (Increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.04 351.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.50 351.15 Td (activity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.31 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.78 351.15 Td (scrutiny ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.93 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.99 351.15 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.63 351.15 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.27 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.33 351.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.47 351.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.20 351.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.16 351.15 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.90 351.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.84 351.15 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 338.55 Td (transparency/unbundling ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.05 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.96 338.55 Td (fees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.65 338.55 Td (inducements, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.51 338.55 Td (conflicts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.83 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.73 338.55 Td (interest, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.43 338.55 Td (capital, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.20 338.55 Td (liquidity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.10 338.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.89 338.55 Td (solvency) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.53 338.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.32 338.55 Td (leverage, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 325.95 Td (operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.36 325.95 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.73 325.95 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.63 325.95 Td (controls ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.08 325.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.87 325.95 Td (compensation;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 313.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 313.35 Td (Addressing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.38 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.27 313.35 Td (key ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.48 313.35 Td (emer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.28 313.35 Td (ging ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.00 313.35 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.29 313.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.51 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.40 313.35 Td (world, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.57 313.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.87 313.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.68 313.35 Td (China ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.81 313.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.03 313.35 Td (India, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.28 313.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.00 313.35 Td (often ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.62 313.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.50 313.35 Td (populations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 300.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.79 300.75 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.27 300.75 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.37 300.75 Td (needs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.53 300.75 Td (preferences ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.54 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.32 300.75 Td (horizons ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.11 300.75 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.81 300.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.26 300.75 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.46 300.75 Td (developed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.24 300.75 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.54 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.32 300.75 Td (European ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.18 300.75 Td (markets; ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.96 300.75 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 288.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 288.15 Td (Advances ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.53 288.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.32 288.15 Td (technology ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.60 288.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.39 288.15 Td (increasing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.16 288.15 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.11 288.15 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.64 288.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.43 288.15 Td (interacting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.96 288.15 Td (digitally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.58 288.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.87 288.15 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.74 288.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.44 288.15 Td (portfolios.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 262.95 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.30 262.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.10 262.95 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.56 262.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.45 262.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.41 262.95 Td (trends ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.21 262.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.50 262.95 Td (pressures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.71 262.95 Td (discussed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.09 262.95 Td (above, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.93 262.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.89 262.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.44 262.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.22 262.95 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.77 262.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.91 262.95 Td (facing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.28 262.95 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.33 262.95 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.10 262.95 Td (level ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.18 250.35 Td (disruption. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.33 250.35 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.26 250.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.43 250.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.19 250.35 Td (unable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.11 250.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.21 250.35 Td (adapt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.89 250.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.82 250.35 Td (strategy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.99 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.09 250.35 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.61 250.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.71 250.35 Td (adequately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.13 250.35 Td (address ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.55 250.35 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.06 250.35 Td (trends ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.66 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.75 250.35 Td (pressures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.76 250.35 Td (listed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (above, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.26 237.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.56 237.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.70 237.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.67 237.75 Td (unable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.72 237.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.95 237.75 Td (satisfactorily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.25 237.75 Td (meet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.71 237.75 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.10 237.75 Td (needs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.69 237.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.75 237.75 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.38 237.75 Td (position ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.28 237.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.42 237.75 Td (weaken, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.17 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.39 237.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.45 237.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.10 237.75 Td (results ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 225.15 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.65 225.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.35 225.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.89 225.15 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.75 225.15 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.71 225.15 Td (fected.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 199.95 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.06 199.95 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.40 199.95 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.33 199.95 Td (Support ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.44 199.95 Td (Government ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.79 199.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.81 199.95 Td (Retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.16 199.95 Td (Money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.59 199.95 Td (Market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.77 199.95 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.47 199.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.32 199.95 Td (Maintain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.27 199.95 Td (Their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.87 199.95 Td (Stable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.39 199.95 Td (Net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.83 199.95 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.27 199.95 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.11 199.95 Td (alues, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.17 199.95 Td (or ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.35 Td (Other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.21 187.35 Td (Products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.15 187.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.71 187.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.00 187.35 Td (Manage, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.64 187.35 Td (Which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.86 187.35 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.36 187.35 Td (Af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.67 187.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.03 187.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.83 187.35 Td (Revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.87 187.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.83 187.35 Td (Operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.21 187.35 Td (Results) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 162.15 Td (Approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.71 162.15 Td (6% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.34 162.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.72 162.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.77 162.15 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.91 162.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.29 162.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.67 162.15 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.71 162.15 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.47 162.15 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.73 162.15 Td (consisted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.45 162.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.83 162.15 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.96 162.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.76 162.15 Td (government ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.55 162.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.93 162.15 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.14 162.15 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.35 162.15 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.05 149.55 Td (Money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.39 149.55 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.13 149.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.06 149.55 Td (seek ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.31 149.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.07 149.55 Td (preserve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.22 149.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.47 149.55 Td (stable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.56 149.55 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.98 149.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.98 149.55 Td (value. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.75 149.55 Td (While ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.00 149.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.42 149.55 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.27 149.55 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.85 149.55 Td (implemented ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.27 149.55 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.27 149.55 Td (requiring ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 149.55 Td (any ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.53 136.95 Td (prime ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.89 136.95 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.33 136.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.34 136.95 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.45 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.47 136.95 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.50 136.95 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.53 136.95 Td (municipal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.38 136.95 Td (\(or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.49 136.95 Td (tax-exempt\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.08 136.95 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.52 136.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.53 136.95 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.64 136.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.25 136.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.12 136.95 Td (registered ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.52 124.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.46 124.35 Td (Investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.23 124.35 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.49 124.35 Td (Act ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.76 124.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.62 124.35 Td (1940 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.74 124.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.02 124.35 Td (utilize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.37 124.35 Td (market-based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.04 124.35 Td (valuations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.32 124.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.60 124.35 Td (calculate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.02 124.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.79 124.35 Td (floating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.56 124.35 Td (NA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.38 124.35 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.60 124.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.34 124.35 Td (government ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.97 111.75 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.85 111.75 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.73 111.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.19 111.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.84 111.75 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.71 111.75 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.18 111.75 Td (using ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.24 111.75 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.28 111.75 Td (pricing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.33 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.80 111.75 Td (accounting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.18 111.75 Td (methods ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.07 111.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.54 111.75 Td (seek ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.51 111.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.98 111.75 Td (maintain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.03 111.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.00 111.75 Td (stable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (NA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.31 99.15 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.54 99.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.03 99.15 Td (Market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.21 99.15 Td (conditions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.83 99.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.02 99.15 Td (lead ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.37 99.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.40 99.15 Td (severe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.07 99.15 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.52 99.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.13 99.15 Td (security ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.23 99.15 Td (pricing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.84 99.15 Td (issues, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.41 99.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.94 99.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.13 99.15 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.56 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.25 99.15 Td (NA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.07 99.15 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.46 99.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.32 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.93 99.15 Td (money ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.55 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.50 86.55 Td (funds. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.30 86.55 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.14 86.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.81 86.55 Td (NA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.62 86.55 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.01 86.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.86 86.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.45 86.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.95 86.55 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.38 86.55 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.37 86.55 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.46 86.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.21 86.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.55 86.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.39 86.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.65 86.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.73 86.55 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.97 86.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.98 86.55 Td (fall ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.82 86.55 Td (below ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.32 86.55 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.09 86.55 Td (stable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.43 86.55 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.10 86.55 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (value, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.94 73.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.25 73.95 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.57 73.95 Td (likely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.56 73.95 Td (experience ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.10 73.95 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.50 73.95 Td (redemptions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.48 73.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.04 73.95 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.61 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.84 73.95 Td (reputational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.07 73.95 Td (harm, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.34 73.95 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.07 73.95 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.47 73.95 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.36 73.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.10 73.95 Td (material ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.19 61.35 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.16 61.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.52 61.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.64 61.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.26 61.35 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.20 61.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.58 61.35 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.03 61.35 Td (income.) Tj ET Q
endstream
endobj
55 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 56 0 R>>
endobj
56 0 obj
<</Length 88357>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (25) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 741.75 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.07 741.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.30 741.75 Td (government ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.03 741.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.35 741.75 Td (retail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.49 741.75 Td (money ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.64 741.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.37 741.75 Td (fund's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.17 741.75 Td (stable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.24 741.75 Td (NA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.05 741.75 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.44 741.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.02 741.75 Td (comes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.41 741.75 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.90 741.75 Td (pressure, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.08 741.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.90 741.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.55 741.75 Td (elect, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.57 741.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.89 741.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.70 741.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.10 741.75 Td (done ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.23 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.61 729.15 Td (past, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.71 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.44 729.15 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.07 729.15 Td (credit, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.16 729.15 Td (liquidity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.06 729.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.25 729.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.55 729.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.68 729.15 Td (support ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.74 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.47 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.86 729.15 Td (fund. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.10 729.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.17 729.15 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.39 729.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.03 729.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.50 729.15 Td (elect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.88 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.60 729.15 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.24 729.15 Td (similar ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.96 729.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.26 729.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.40 729.15 Td (support, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.75 716.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.83 716.55 Td (providing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.25 716.55 Td (liquidity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.42 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.18 716.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.42 716.55 Td (fund, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.88 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.63 716.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.79 716.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.54 716.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.37 716.55 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.60 716.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.43 716.55 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.18 716.55 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.84 716.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.17 716.55 Td (reasons. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.87 716.55 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.45 716.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.28 716.55 Td (elect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.68 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.43 716.55 Td (provide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (support, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.69 703.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.00 703.95 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.40 703.95 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.04 703.95 Td (losses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.19 703.95 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.67 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.56 703.95 Td (support ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.13 703.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.44 703.95 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.58 703.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.80 703.95 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.44 703.95 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.50 703.95 Td (costs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.19 703.95 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.92 703.95 Td (financing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.64 703.95 Td (costs, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.33 703.95 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (connection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.19 691.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.48 691.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.94 691.35 Td (support. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.50 691.35 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.20 691.35 Td (losses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.91 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.69 691.35 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.31 691.35 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.94 691.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.89 691.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.42 691.35 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.45 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.23 691.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.19 691.35 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.04 691.35 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.01 691.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.37 691.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.99 691.35 Td (earnings. ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 666.15 Td (Failure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.81 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.61 666.15 Td (Comply ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.30 666.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.24 666.15 Td (ith ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.55 666.15 Td (Contractual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.11 666.15 Td (Requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.83 666.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.80 666.15 Td (Guidelines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.11 666.15 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.00 666.15 Td (Result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.06 666.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.44 666.15 Td (Liability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.24 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.21 666.15 Td (Loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.68 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.66 666.15 Td (Assets ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.54 653.55 Td (Management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.97 653.55 Td (Both ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.60 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.79 653.55 Td (Which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.00 653.55 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.89 653.55 Td (Cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.36 653.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.16 653.55 Td (Net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.94 653.55 Td (Income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.23 653.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.03 653.55 Td (Decline) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 628.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.01 628.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.60 628.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.43 628.35 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.51 628.35 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.60 628.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.44 628.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.86 628.35 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.70 628.35 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.20 628.35 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.51 628.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.35 628.35 Td (contracts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.43 628.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.28 628.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.54 628.35 Td (funds, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (often ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.48 615.75 Td (specify ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.21 615.75 Td (guidelines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.78 615.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.94 615.75 Td (contractual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.99 615.75 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.21 615.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.37 615.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.02 615.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.24 615.75 Td (obligated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.73 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.30 615.75 Td (observe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.37 615.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.94 615.75 Td (providing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.18 615.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.00 615.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.06 615.75 Td (services. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 56.50 603.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.41 603.15 Td (failure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.71 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.78 603.15 Td (comply ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.18 603.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.75 603.15 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.23 603.15 Td (guidelines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.29 603.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.94 603.15 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.66 603.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.89 603.15 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.12 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.19 603.15 Td (damage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.75 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.82 603.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.72 603.15 Td (reputation, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.82 603.15 Td (liability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.38 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.46 603.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.19 603.15 Td (client ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (or) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 58.25 590.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.76 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.10 590.55 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.94 590.55 Td (reducing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.18 590.55 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.62 590.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.63 590.55 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.05 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.55 590.55 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.34 590.55 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.01 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.27 590.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.44 590.55 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.28 590.55 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.11 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.62 590.55 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.45 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.12 590.55 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.46 590.55 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.88 590.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.56 590.55 Td (decline. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (This ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.06 577.95 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.69 577.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.59 577.95 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.12 577.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.50 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.22 577.95 Td (trend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.68 577.95 Td (toward ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.73 577.95 Td (customized, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.06 577.95 Td (specialized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.59 577.95 Td (mandates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.13 577.95 Td (seen ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.68 577.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.06 577.95 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.28 577.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.92 577.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.80 577.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.10 577.95 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.84 577.95 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (tends ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.29 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.08 565.35 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.04 565.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.83 565.35 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.03 565.35 Td (complex ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.81 565.35 Td (mandates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.09 565.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.46 565.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.90 565.35 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.10 565.35 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.58 565.35 Td (ficult ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.36 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.15 565.35 Td (administer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.90 565.35 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 540.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.04 540.15 Td (Soundness ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.36 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.73 540.15 Td (Other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.44 540.15 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.66 540.15 Td (Institutions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.90 540.15 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.40 540.15 Td (Adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.62 540.15 Td (Af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.93 540.15 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.29 540.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.09 540.15 Td (Business) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 514.95 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.73 514.95 Td (olatility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.08 514.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.92 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.43 514.95 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.35 514.95 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.03 514.95 Td (highlighted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.54 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.05 514.95 Td (interconnection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.04 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.47 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.98 514.95 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.91 514.95 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.83 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.67 514.95 Td (demonstrated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.92 514.95 Td (how ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 514.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (deteriorating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.57 502.35 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.72 502.35 Td (condition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.81 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.98 502.35 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.57 502.35 Td (institution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.58 502.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.08 502.35 Td (materially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.07 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.66 502.35 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.31 502.35 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.31 502.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.56 502.35 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.04 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.21 502.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.21 502.35 Td (institutions. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.57 489.75 Td (e, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.46 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.22 489.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.65 489.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.58 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.34 489.75 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.68 489.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.03 489.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.87 489.75 Td (manage, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.75 489.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.17 489.75 Td (exposure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.67 489.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.44 489.75 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.37 489.75 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.85 489.75 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.93 489.75 Td (industries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.36 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.13 489.75 Td (counterparties, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.83 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.59 489.75 Td (routinely ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (execute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.01 477.15 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.62 477.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.74 477.15 Td (counterparties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.67 477.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.29 477.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.58 477.15 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.76 477.15 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.50 477.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.33 477.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.40 477.15 Td (e, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.14 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.75 477.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.03 477.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.82 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.44 477.15 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.63 477.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.32 477.15 Td (manage, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.05 477.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.58 477.15 Td (be ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (exposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.11 464.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.47 464.55 Td (credit, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.20 464.55 Td (operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.63 464.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.58 464.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.35 464.55 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.30 464.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.67 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.69 464.55 Td (event ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.63 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.58 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.44 464.55 Td (default ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.79 464.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.49 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.35 464.55 Td (counterparty ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.61 464.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.55 464.55 Td (client, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.70 464.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.65 464.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.01 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.04 464.55 Td (event ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.98 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.93 464.55 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (unrelated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.19 451.95 Td (systemic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.56 451.95 Td (failures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.67 451.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.46 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.92 451.95 Td (markets.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 426.75 Td (Performance-Based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.44 426.75 Td (Fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.00 426.75 Td (Arrangements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.48 426.75 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.35 426.75 Td (Increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.31 426.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.35 426.75 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.19 426.75 Td (olatility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.48 426.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.85 426.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.65 426.75 Td (Revenues) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 401.55 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.50 401.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.60 401.55 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.02 401.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.86 401.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.95 401.55 Td (total ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.70 401.55 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.11 401.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.20 401.55 Td (derived ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.78 401.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.28 401.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.42 401.55 Td (fees. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.04 401.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.47 401.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.97 401.55 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.29 401.55 Td (earn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.45 401.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.60 401.55 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.59 401.55 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.24 388.95 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.75 388.95 Td (agreements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.74 388.95 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.34 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.35 388.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.60 388.95 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.84 388.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.18 388.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.19 388.95 Td (portfolio ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.12 388.95 Td (meets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.79 388.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.72 388.95 Td (exceeds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.13 388.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.97 388.95 Td (specified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.05 388.95 Td (benchmark. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.51 388.95 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 388.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.42 376.35 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.31 376.35 Td (does ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.40 376.35 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.67 376.35 Td (meet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.91 376.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.50 376.35 Td (exceed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.49 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.16 376.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.08 376.35 Td (return ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.00 376.35 Td (benchmark ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.49 376.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.57 376.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.08 376.35 Td (particular ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.15 376.35 Td (period, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.44 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.11 376.35 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.37 376.35 Td (manager ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.76 363.75 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.10 363.75 Td (generate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.58 363.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.17 363.75 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.14 363.75 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.88 363.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.05 363.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.72 363.75 Td (period ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.47 363.75 Td (and, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.18 363.75 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.51 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.27 363.75 Td (benchmark ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.83 363.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.76 363.75 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.59 363.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.02 363.75 Td (cumulative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.59 363.75 Td (returns, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.30 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.05 363.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.39 363.75 Td (manager's ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.55 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.94 351.15 Td (earn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.23 351.15 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.50 351.15 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.62 351.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.01 351.15 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.30 351.15 Td (periods ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.43 351.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.73 351.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.86 351.15 Td (impaired. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.54 351.15 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.43 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.39 351.15 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.02 351.15 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.36 351.15 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.21 351.15 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.08 351.15 Td (1) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.94 351.15 Td (1% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.15 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.12 351.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.34 351.15 Td (long-) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (term ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.32 338.55 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.12 338.55 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.76 338.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.23 338.55 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.27 338.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.31 338.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.78 338.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.83 338.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.95 338.55 Td (eligible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.74 338.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.21 338.55 Td (earn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.59 338.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.94 338.55 Td (fees. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.77 338.55 Td (Performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.71 338.55 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.92 338.55 Td (earned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.20 338.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.01 338.55 Td (historic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.18 325.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.52 325.95 Td (place ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.84 325.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.77 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.69 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.69 325.95 Td (closing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.20 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.12 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.12 325.95 Td (acquisition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.37 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.29 325.95 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.97 325.95 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.55 325.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.52 325.95 Td (April ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.86 325.95 Td (13, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.16 325.95 Td (2016 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.34 325.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.33 325.95 Td (fully ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.34 325.95 Td (passed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.50 325.95 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.34 325.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.69 325.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.88 313.35 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.17 313.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.69 313.35 Td (team, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.61 313.35 Td (per ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.89 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.60 313.35 Td (terms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.81 313.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.44 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.15 313.35 Td (acquisition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.11 313.35 Td (agreement. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.13 313.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.20 313.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.74 313.35 Td (expect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.02 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.73 313.35 Td (pass ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.70 313.35 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.24 313.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.29 313.35 Td (phase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.08 313.35 Td (out ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.75 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.27 300.75 Td (five ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.72 300.75 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.99 300.75 Td (post-closing. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.07 300.75 Td (Excluding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.88 300.75 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.51 300.75 Td (eligible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.12 300.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.41 300.75 Td (earn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.60 300.75 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.77 300.75 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.79 300.75 Td (passed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.91 300.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.69 300.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.56 300.75 Td (compensation, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.15 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.33 288.15 Td (7% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.50 288.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.42 288.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.60 288.15 Td (long-term ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.70 288.15 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.38 288.15 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.89 288.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.24 288.15 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.15 288.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.07 288.15 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.65 288.15 Td (eligible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.32 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.67 288.15 Td (earn ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.91 288.15 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.14 288.15 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.22 288.15 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.98 288.15 Td (some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.32 288.15 Td (point ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.08 288.15 Td (during ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.51 275.55 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.84 275.55 Td (2020. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.73 275.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.83 275.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.90 275.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.83 275.55 Td (earned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.07 275.55 Td ($99.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.97 275.55 Td (million, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.19 275.55 Td ($84.9 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.08 275.55 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.69 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.12 275.55 Td ($227.8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.26 275.55 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.86 275.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.29 275.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.61 275.55 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.78 275.55 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.46 275.55 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.47 275.55 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.89 275.55 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (2019 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.25 262.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.15 262.95 Td (2018, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.53 262.95 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.57 262.95 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.94 262.95 Td (Of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.77 262.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.34 262.95 Td ($99.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.72 262.95 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.80 262.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.71 262.95 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.51 262.95 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.16 262.95 Td (earned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.89 262.95 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.05 262.95 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.53 262.95 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.35 262.95 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.72 262.95 Td ($42.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.09 262.95 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.17 262.95 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (passed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.73 250.35 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.62 250.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.02 250.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.09 250.35 Td (Clarion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.81 250.35 Td (Partners ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.46 250.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.33 250.35 Td (team. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.10 250.35 Td (An ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.17 250.35 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.80 250.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.78 250.35 Td (decrease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.15 250.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.55 250.35 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.83 250.35 Td (fees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.59 250.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.57 250.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.97 250.35 Td (performance-) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.03 237.75 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.48 237.75 Td (arrangements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.66 237.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.95 237.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.57 237.75 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.23 237.75 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.19 237.75 Td (create ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.87 237.75 Td (greater ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.63 237.75 Td (fluctuations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.83 237.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.63 237.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.25 237.75 Td (revenues.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 212.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.06 212.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.34 212.55 Td (Rely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.21 212.55 Td (Significantly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.26 212.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.97 212.55 Td (Third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.11 212.55 Td (Parties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.06 212.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.86 212.55 Td (Distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.66 212.55 Td (Mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.38 212.55 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.03 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.99 212.55 Td (Certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.29 212.55 Td (Other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.01 212.55 Td (Products) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 187.35 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.14 187.35 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.29 187.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.77 187.35 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.23 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.71 187.35 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.69 187.35 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.16 187.35 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.81 187.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.28 187.35 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.16 187.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.05 187.35 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.44 187.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.91 187.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.97 187.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.53 187.35 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.49 187.35 Td (is ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.75 Td (significantly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.82 174.75 Td (dependent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.79 174.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.11 174.75 Td (access ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.75 174.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.74 174.75 Td (third-party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.47 174.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.02 174.75 Td (intermediaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.91 174.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.48 174.75 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.96 174.75 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.36 174.75 Td (products. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.77 174.75 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.66 174.75 Td (distributors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.09 162.15 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.92 162.15 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.11 162.15 Td (contractually ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.69 162.15 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.44 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.37 162.15 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.81 162.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.57 162.15 Td (products, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.13 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.06 162.15 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.57 162.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.13 162.15 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.55 162.15 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.56 162.15 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.74 162.15 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.42 162.15 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.89 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.28 149.55 Td (services, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.96 149.55 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.85 149.55 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.73 149.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.12 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.52 149.55 Td (services, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.19 149.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.59 149.55 Td (addition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.24 149.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.63 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.03 149.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.43 149.55 Td (competition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.82 149.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.71 149.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.94 149.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 149.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (services. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.92 136.95 Td (Relying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.15 136.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.63 136.95 Td (third-party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.51 136.95 Td (distributors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.32 136.95 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.21 136.95 Td (exposes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.43 136.95 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.75 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.89 136.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.70 136.95 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.43 136.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.15 136.95 Td (increasing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.28 136.95 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.26 136.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.98 136.95 Td (distribution, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.00 136.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.73 136.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.95 136.95 Td (compensate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (them ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.17 124.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.08 124.35 Td (selling ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.75 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.41 124.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.25 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.08 124.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.56 124.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.40 124.35 Td (amounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.65 124.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.07 124.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.56 124.35 Td (agreed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.21 124.35 Td (between ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.86 124.35 Td (them ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.52 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.35 124.35 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.36 124.35 Td (but ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.45 124.35 Td (which, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.40 124.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.24 124.35 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.24 124.35 Td (cases, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.69 124.35 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (lar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.39 111.75 Td (gely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.46 111.75 Td (determined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.68 111.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.17 111.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.99 111.75 Td (distributor) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.16 111.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.56 111.75 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.03 111.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.02 111.75 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.84 111.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.49 111.75 Td (continuing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.39 111.75 Td (trend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.96 111.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.70 111.75 Td (increasing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.84 111.75 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.74 111.75 Td (paid ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.81 111.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.96 111.75 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.52 111.75 Td (distributors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.35 111.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.16 99.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.40 99.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.87 99.15 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.91 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.90 99.15 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.29 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.87 99.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.69 99.15 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.94 99.15 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.77 99.15 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.42 99.15 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.89 99.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.47 99.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.96 99.15 Td (result. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.46 99.15 Td (While ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.95 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.61 99.15 Td (third-party ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.55 Td (distributors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.11 86.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.69 86.55 Td (compensated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.28 86.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.29 86.55 Td (distributing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.48 86.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.25 86.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.18 86.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.11 86.55 Td (services, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.32 86.55 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.08 86.55 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.42 86.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.10 86.55 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.37 86.55 Td (assurances ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.04 86.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.56 86.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.57 86.55 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.67 86.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.35 86.55 Td (successful ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.77 73.95 Td (distributing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.28 73.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.38 73.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.64 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.89 73.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.81 73.95 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.57 73.95 Td (them. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.29 73.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.14 73.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.27 73.95 Td (mer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.41 73.95 Td (gers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.00 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.26 73.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.93 73.95 Td (corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.67 73.95 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.92 73.95 Td (among ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (distributors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.80 61.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.34 61.35 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.31 61.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.51 61.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.97 61.35 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.85 61.35 Td (relationships. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.60 61.35 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.06 61.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.76 61.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.04 61.35 Td (unable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.50 61.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.13 61.35 Td (distribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.25 61.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.71 61.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.34 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.96 61.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.25 61.35 Td (successfully) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.89 61.35 Td (, ) Tj ET Q
endstream
endobj
57 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 58 0 R>>
endobj
58 0 obj
<</Length 75491>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (26) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.73 741.75 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.45 741.75 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.07 741.75 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.04 741.75 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.17 741.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.55 741.75 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.26 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.81 741.75 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.03 741.75 Td (income, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.95 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.50 741.75 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.05 741.75 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.83 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.39 741.75 Td (distribution-related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.26 741.75 Td (expenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.56 741.75 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.27 741.75 Td (adversely ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.47 729.15 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.83 729.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.45 729.15 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.90 729.15 Td (income.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 703.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.63 703.95 Td (Funds-of-Hedge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.01 703.95 Td (Funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.65 703.95 Td (Business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.80 703.95 Td (Entails ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.35 703.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.23 703.95 Td (Number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.44 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.42 703.95 Td (Additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.56 703.95 Td (Risks) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 678.75 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.21 678.75 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.51 678.75 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.65 678.75 Td (operates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.18 678.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.40 678.75 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.28 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.58 678.75 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.06 678.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.20 678.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.92 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.31 678.75 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.93 678.75 Td (funds-of-hedge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.62 678.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.51 678.75 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.28 678.75 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.49 678.75 Td (is ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.19 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.31 666.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.92 666.15 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.94 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.64 666.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.74 666.15 Td (authorities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.01 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.12 666.15 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.89 666.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.00 666.15 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.48 666.15 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.91 666.15 Td (jurisdictions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.26 666.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.54 666.15 Td (funds-of-hedge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.63 666.15 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.91 666.15 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (typically ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.88 653.55 Td (involves ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.10 653.55 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.15 653.55 Td (being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.11 653.55 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.99 653.55 Td (ged ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.79 653.55 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.33 653.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.47 653.55 Td (two ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.86 653.55 Td (levels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.99 653.55 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.12 653.55 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.34 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.80 653.55 Td (funds-of-funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.85 653.55 Td (level ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.89 653.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.69 653.55 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.90 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.37 653.55 Td (underlying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.50 653.55 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.47 653.55 Td (level. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.41 640.95 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.16 640.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.08 640.95 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.83 640.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.31 640.95 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.06 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.06 640.95 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.95 640.95 Td (fees. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.12 640.95 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.44 640.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.86 640.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.61 640.95 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.95 640.95 Td (assurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.61 640.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.19 640.95 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.90 640.95 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.49 640.95 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.91 640.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.09 640.95 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.80 628.35 Td (forced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.01 628.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.57 628.35 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.69 628.35 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.01 628.35 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.22 628.35 Td (structures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.43 628.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.33 628.35 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.29 628.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.43 628.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.40 628.35 Td (pressures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.86 628.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.00 628.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.14 628.35 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.85 628.35 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.99 628.35 Td (Global's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.94 628.35 Td (fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.15 628.35 Td (structures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.37 628.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.09 628.35 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (hamper ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.25 615.75 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.43 615.75 Td (growth. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.83 615.75 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.41 615.75 Td (funds-of-hedge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.82 615.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.41 615.75 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.09 615.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.35 615.75 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.43 615.75 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.60 615.75 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.18 615.75 Td (pressure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.43 615.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.86 615.75 Td (recent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.76 615.75 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.18 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.60 615.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.86 615.75 Td (seen ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.39 603.15 Td (outflows. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.22 603.15 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.28 603.15 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.42 603.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.90 603.15 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.96 603.15 Td (assurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.34 603.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.66 603.15 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.40 603.15 Td (pressure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.96 603.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.86 603.15 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.85 603.15 Td (continue. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.20 603.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.51 603.15 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.12 603.15 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.83 603.15 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.15 603.15 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.29 603.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.94 603.15 Td (generate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.04 590.55 Td (performance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.30 590.55 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.42 590.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.05 590.55 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.93 590.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.31 590.55 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.81 590.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.69 590.55 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.23 590.55 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.84 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.88 590.55 Td (volatility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.01 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.97 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.18 590.55 Td (revenues. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.34 590.55 Td (See ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.72 590.55 Td (�Performance-) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (Based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.79 577.95 Td (Fee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.99 577.95 Td (Arrangements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.10 577.95 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.97 577.95 Td (Increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.57 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.83 577.95 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.06 577.95 Td (olatility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.35 577.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.72 577.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.34 577.95 Td (Revenues.�) Tj ET Q
BT /F2 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 552.75 Td (Risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.64 552.75 Td (Related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.67 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.04 552.75 Td (our) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.60 552.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.23 552.75 Td (Company) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 527.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.63 527.55 Td (Leverage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.90 527.55 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.38 527.55 Td (Af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.70 527.55 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.06 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.86 527.55 Td (Business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.00 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.97 527.55 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.84 527.55 Td (Restrict ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.71 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.52 527.55 Td (Operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.90 527.55 Td (Results) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 502.35 Td (At ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.13 502.35 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.65 502.35 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.90 502.35 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.65 502.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.28 502.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.07 502.35 Td (consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.26 502.35 Td (basis, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.01 502.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.38 502.35 Td (had ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.67 502.35 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.44 502.35 Td ($2.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.94 502.35 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.48 502.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.78 502.35 Td (total ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.57 502.35 Td (indebtedness, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.56 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.84 502.35 Td (total ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (stockholders' ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.53 489.75 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.85 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.66 489.75 Td ($3.8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.10 489.75 Td (billion, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.21 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.44 489.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.50 489.75 Td (goodwill ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.90 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.13 489.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.77 489.75 Td (intangible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.83 489.75 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.39 489.75 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.86 489.75 Td ($1.8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.30 489.75 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.79 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.02 489.75 Td ($3.4 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.46 489.75 Td (billion, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (respectively) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.55 477.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.13 477.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.20 477.15 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.98 477.15 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.00 477.15 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.94 477.15 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.96 477.15 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.07 477.15 Td ($500.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.06 477.15 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.51 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.37 477.15 Td (borrowing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.23 477.15 Td (capacity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.32 477.15 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.33 477.15 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.35 477.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.46 477.15 Td (revolving ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.81 477.15 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.83 477.15 Td (facility) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.89 477.15 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.89 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.27 464.55 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.31 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.78 464.55 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.67 464.55 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.30 464.55 Td (indebtedness, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.89 464.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.85 464.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.39 464.55 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.00 464.55 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.70 464.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.59 464.55 Td (use ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.31 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.69 464.55 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.74 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.20 464.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.92 464.55 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.29 464.55 Td (flow ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.26 464.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.15 464.55 Td (service ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.60 464.55 Td (interest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.74 451.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.48 451.95 Td (debt, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.93 451.95 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.33 451.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.41 451.95 Td (limit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.99 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.56 451.95 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.96 451.95 Td (flow ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.96 451.95 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.59 451.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.58 451.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.90 451.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.23 451.95 Td (opportunities. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.01 451.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.50 451.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.28 451.95 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.60 451.95 Td (servicing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.83 451.95 Td (obligations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.46 439.35 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.48 439.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.27 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.72 439.35 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.42 439.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.79 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.25 439.35 Td (principal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.19 439.35 Td (payments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.06 439.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.18 439.35 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.98 439.35 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.68 439.35 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.96 439.35 Td (due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.74 439.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.11 439.35 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.15 439.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.02 439.35 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.22 439.35 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.84 439.35 Td (indebtedness.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 414.15 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.73 414.15 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.46 414.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.53 414.15 Td (make ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.17 414.15 Td (scheduled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.06 414.15 Td (payments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.20 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.85 414.15 Td (principal, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.69 414.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.76 414.15 Td (pay ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.82 414.15 Td (interest, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.26 414.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.90 414.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.97 414.15 Td (refinance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.93 414.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.82 414.15 Td (indebtedness ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.96 414.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.03 414.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.09 414.15 Td (satisfy ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.41 401.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.90 401.55 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.89 401.55 Td (obligations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.47 401.55 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.72 401.55 Td (depend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.95 401.55 Td (upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.87 401.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.78 401.55 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.76 401.55 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.33 401.55 Td (performance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.92 401.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.49 401.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.48 401.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.31 401.55 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.28 401.55 Td (fected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.84 401.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.25 401.55 Td (general ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.06 401.55 Td (economic, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (financial, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.12 388.95 Td (competitive, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.58 388.95 Td (legislative, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.63 388.95 Td (regulatory) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.10 388.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.99 388.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.84 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.27 388.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.11 388.95 Td (factors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.94 388.95 Td (beyond ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.12 388.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.38 388.95 Td (control ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.39 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.82 388.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.58 388.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.51 388.95 Td (variety ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.93 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.94 388.95 Td (factors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (specific ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.77 376.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.57 376.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.19 376.35 Td (business.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 351.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.45 351.15 Td (level ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.48 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.85 351.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.47 351.15 Td (indebtedness ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.34 351.15 Td (could:) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 89.50 325.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 325.95 Td (limit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.99 325.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.63 325.95 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.11 325.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.93 325.95 Td (obtain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.82 325.95 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.47 325.95 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.19 325.95 Td (financing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.50 325.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.31 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.79 325.95 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.51 325.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.91 325.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.72 325.95 Td (borrow ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.70 325.95 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.26 325.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.90 325.95 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.80 325.95 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.35 325.95 Td (facilities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 313.35 Td (\(our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.83 313.35 Td (principal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.00 313.35 Td (bank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.25 313.35 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.17 313.35 Td (facility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.74 313.35 Td (requires ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.40 313.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.99 313.35 Td (\(i\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.74 313.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.58 313.35 Td (ratio ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.66 313.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.25 313.35 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.92 313.35 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.84 313.35 Td (\() Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 390.33 313.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 410.84 313.35 Td (debt ) Tj ET Q
q 0 0 0 rg BT 430.76 313.35 Td (less ) Tj ET Q
q 0 0 0 rg BT 448.35 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 463.02 313.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 496.35 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 506.94 313.35 Td (unrestricted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 107.50 300.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 128.77 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 139.54 300.75 Td (excess ) Tj ET Q
q 0 0 0 rg BT 169.56 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.91 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 196.35 300.75 Td (greater ) Tj ET Q
q 0 0 0 rg BT 228.10 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.45 300.75 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 285.23 300.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 306.49 300.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 317.85 300.75 Td ($300 ) Tj ET Q
q 0 0 0 rg BT 341.46 300.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 377.03 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 392.46 300.75 Td (lesser ) Tj ET Q
q 0 0 0 rg BT 418.98 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 430.33 300.75 Td (50% ) Tj ET Q
q 0 0 0 rg BT 452.19 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 463.54 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 478.98 300.75 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 522.40 300.75 Td (�amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 107.50 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.40 288.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 134.55 288.15 Td (seed ) Tj ET Q
q 0 0 0 rg BT 155.36 288.15 Td (capital ) Tj ET Q
q 0 0 0 rg BT 185.49 288.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 237.81 288.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 248.71 288.15 Td ($125 ) Tj ET Q
q 0 0 0 rg BT 271.86 288.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 306.97 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 324.29 288.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 336.35 288.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 370.00 288.15 Td (equal ) Tj ET Q
q 0 0 0 rg BT 394.89 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 405.21 288.15 Td (50% ) Tj ET Q
q 0 0 0 rg BT 426.60 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 437.50 288.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 453.65 288.15 Td (hybrid ) Tj ET Q
q 0 0 0 rg BT 483.22 288.15 Td (capital ) Tj ET Q
q 0 0 0 rg BT 513.35 288.15 Td (securities) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.01 288.15 Td (\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 275.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.98 275.55 Td (Consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.71 275.55 Td (EBITDA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.63 275.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.94 275.55 Td (\(as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.50 275.55 Td (defined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.30 275.55 Td (therein\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.26 275.55 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.00 275.55 Td (exceed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.45 275.55 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.77 275.55 Td (3 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.33 275.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.82 275.55 Td (1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.38 275.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.32 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.80 275.55 Td (\(ii\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.94 275.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.25 275.55 Td (ratio ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.81 275.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.87 275.55 Td (Consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.60 275.55 Td (EBITDA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 556.51 275.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 262.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.29 262.95 Td (total ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.58 262.95 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.86 262.95 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.40 262.95 Td (payments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.26 262.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.39 262.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.58 262.95 Td (Indebtedness ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.02 262.95 Td (\(as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.89 262.95 Td (defined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.00 262.95 Td (therein\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.27 262.95 Td (exceeds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.13 262.95 Td (4.0 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.88 262.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.67 262.95 Td (1\);) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 89.50 250.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 250.35 Td (limit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.81 250.35 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.95 250.35 Td (flow ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.67 250.35 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.05 250.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.77 250.35 Td (general ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.14 250.35 Td (corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.26 250.35 Td (purposes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.07 250.35 Td (due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.71 250.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.35 250.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.66 250.35 Td (ongoing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.55 250.35 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.69 250.35 Td (flow ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.41 250.35 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.70 250.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.43 250.35 Td (debt ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 237.75 Td (service;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 89.50 225.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 225.15 Td (limit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.69 225.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.05 225.15 Td (flexibility) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.78 225.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.76 225.15 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.78 225.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.14 225.15 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.32 225.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.85 225.15 Td (react ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.60 225.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.13 225.15 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.05 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.57 225.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.50 225.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.68 225.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.21 225.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.39 225.15 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.17 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.68 225.15 Td (economic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 212.55 Td (conditions; ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.79 212.55 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 89.50 199.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 199.95 Td (place ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.27 199.95 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.24 199.95 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.44 199.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.72 199.95 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.92 199.95 Td (disadvantage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.36 199.95 Td (compared ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.38 199.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.17 199.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.79 199.95 Td (competitors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.99 199.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.36 199.95 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.81 199.95 Td (less ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.19 199.95 Td (debt.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 174.75 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.28 174.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.14 174.75 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.65 174.75 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.88 174.75 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.62 174.75 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.64 174.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.57 174.75 Td (terms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.01 174.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.87 174.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.98 174.75 Td (bank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.50 174.75 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.51 174.75 Td (agreement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.34 174.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.45 174.75 Td (ratio ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.80 174.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.66 174.75 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.60 174.75 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.78 174.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.06 174.75 Td (Consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.58 174.75 Td (EBITDA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.50 174.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.05 162.15 Td (1.9 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.39 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.77 162.15 Td (1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.24 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.61 162.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.83 162.15 Td (ratio ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.29 162.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.25 162.15 Td (Consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.88 162.15 Td (EBITDA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.79 162.15 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.01 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.39 162.15 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.52 162.15 Td (expense ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.55 162.15 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.10 162.15 Td (6.1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.44 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.82 162.15 Td (1, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.91 162.15 Td (and, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.92 162.15 Td (therefore, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.65 162.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.11 162.15 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.72 162.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.11 162.15 Td (compliance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.75 149.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.32 149.55 Td (bank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.32 149.55 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.63 149.55 Td (covenants. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.82 149.55 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.39 149.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.97 149.55 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.38 149.55 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.86 149.55 Td (significantly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.93 149.55 Td (declines ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.92 149.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.74 149.55 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.48 149.55 Td (reason, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.09 149.55 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.51 149.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.16 149.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.65 149.55 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.13 149.55 Td (ficult ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.87 149.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.62 149.55 Td (remain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.35 149.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.01 136.95 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.80 136.95 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.49 136.95 Td (covenants. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.21 136.95 Td (Similarly) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.62 136.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.36 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.64 136.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.59 136.95 Td (extent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.36 136.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.22 136.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.58 136.95 Td (spend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.19 136.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.31 136.95 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.32 136.95 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.09 136.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.45 136.95 Td (purposes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.90 136.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.59 136.95 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.78 136.95 Td (repaying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.15 124.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.47 124.35 Td (acquiring ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.69 124.35 Td (businesses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.60 124.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.91 124.35 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.88 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.44 124.35 Td (EBITDA, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.13 124.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.95 124.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.85 124.35 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.82 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.38 124.35 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.78 124.35 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.43 124.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.17 124.35 Td (Consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.16 124.35 Td (EBITDA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.07 124.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.64 124.35 Td (ratio. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (Although ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.70 111.75 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.23 111.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.58 111.75 Td (actions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.86 111.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.14 111.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.92 111.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.54 111.75 Td (take ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.56 111.75 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.51 111.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.05 111.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.31 111.75 Td (covenant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.75 111.75 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.68 111.75 Td (becomes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.95 111.75 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.40 111.75 Td (issue, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.56 111.75 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.09 111.75 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.19 111.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.64 111.75 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.68 111.75 Td (assurance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.87 99.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.74 99.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.70 99.15 Td (remain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.48 99.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.27 99.15 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.29 99.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.58 99.15 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.13 99.15 Td (bank ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.17 99.15 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.87 99.15 Td (covenants.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 73.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.42 73.95 Td (access ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.82 73.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.57 73.95 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.06 73.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.14 73.95 Td (reasonable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.62 73.95 Td (terms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.54 73.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.12 73.95 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.62 73.95 Td (partially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.20 73.95 Td (dependent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.93 73.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.02 73.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.60 73.95 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.09 73.95 Td (ratings. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.88 73.95 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.46 73.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.04 73.95 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.53 73.95 Td (ratings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.69 73.95 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (downgraded, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.15 61.35 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.10 61.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.56 61.35 Td (likely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.59 61.35 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.36 61.35 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.06 61.35 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.53 61.35 Td (ficult ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.82 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.10 61.35 Td (costly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.30 61.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.66 61.35 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.12 61.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.41 61.35 Td (access ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.35 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.30 61.35 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.32 61.35 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.68 61.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.55 61.35 Td (otherwise ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.49 61.35 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.19 61.35 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.80 61.35 Td (debt.) Tj ET Q
endstream
endobj
59 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 60 0 R>>
endobj
60 0 obj
<</Length 87904>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (27) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 741.75 Td (Upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.85 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.69 741.75 Td (occurrence ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.76 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.52 741.75 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.45 741.75 Td (events, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.91 741.75 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.18 741.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.94 741.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.62 741.75 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.36 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.13 741.75 Td (control, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.51 741.75 Td (some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.69 741.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.45 741.75 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.96 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.73 741.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.74 741.75 Td (outstanding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.76 741.75 Td (debt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.85 741.75 Td (obligations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.64 729.15 Td (come ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.45 729.15 Td (due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.68 729.15 Td (prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.15 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.39 729.15 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.69 729.15 Td (maturity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.34 729.15 Td (dates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.98 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.20 729.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.35 729.15 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.15 729.15 Td (payments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.45 729.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.69 729.15 Td (excess ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.16 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.97 729.15 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.28 729.15 Td (outstanding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.34 729.15 Td (amounts, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.62 729.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.34 729.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.69 716.55 Td (circumstances ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.79 716.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.49 716.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.03 716.55 Td (significant.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 691.35 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.71 691.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.51 691.35 Td (Reputation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.98 691.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.61 691.35 Td (Harmed, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.25 691.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.81 691.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.09 691.35 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.98 691.35 Td (Suf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.97 691.35 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.84 691.35 Td (Losses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.04 691.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.43 691.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.23 691.35 Td (Business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.00 691.35 Td (Revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.04 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.00 691.35 Td (Net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.79 691.35 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 666.15 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.83 666.15 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.42 666.15 Td (depends ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.83 666.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.33 666.15 Td (earning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.81 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.98 666.15 Td (maintaining ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.14 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.97 666.15 Td (trust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.63 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.80 666.15 Td (confidence ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.85 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.60 666.15 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.01 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.17 666.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.75 666.15 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.90 666.15 Td (participants, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.64 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.45 653.55 Td (resulting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.18 653.55 Td (good ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.16 653.55 Td (reputation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.71 653.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.69 653.55 Td (critical ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.82 653.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.97 653.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.95 653.55 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.14 653.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.45 653.55 Td (reputation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.00 653.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.98 653.55 Td (vulnerable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.28 653.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.43 653.55 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.73 653.55 Td (threats ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.70 653.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.43 653.55 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.98 653.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.87 653.55 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.35 653.55 Td (ficult ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.16 640.95 Td (impossible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.58 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.67 640.95 Td (control, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.95 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.03 640.95 Td (costly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.03 640.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.70 640.95 Td (impossible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.12 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.20 640.95 Td (remediate. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.14 640.95 Td (Regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.71 640.95 Td (inquiries, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.00 640.95 Td (employee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.73 640.95 Td (misconduct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.06 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.14 640.95 Td (rumors, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.63 628.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.76 628.35 Td (things, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.61 628.35 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.74 628.35 Td (substantially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.37 628.35 Td (damage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.57 628.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.12 628.35 Td (reputation, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.87 628.35 Td (even ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.25 628.35 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.22 628.35 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.85 628.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.22 628.35 Td (baseless ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.18 628.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.48 628.35 Td (satisfactorily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.27 628.35 Td (addressed. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.85 628.35 Td (Regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (sanctions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.42 615.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.00 615.75 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.90 615.75 Td (litigation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.65 615.75 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.90 615.75 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.31 615.75 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.06 615.75 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.22 615.75 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.97 615.75 Td (damage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.45 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.46 615.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.29 615.75 Td (reputation. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.70 615.75 Td (Any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.62 615.75 Td (damage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.10 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.11 615.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.94 615.75 Td (reputation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.16 603.15 Td (impede ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.40 603.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.73 603.15 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.89 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.39 603.15 Td (attract ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.96 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.45 603.15 Td (retain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.69 603.15 Td (clients ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.43 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.92 603.15 Td (key ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.42 603.15 Td (personnel, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.20 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.69 603.15 Td (lead ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.51 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.01 603.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.01 603.15 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.99 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.49 603.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.65 603.15 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.48 603.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.56 603.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.38 603.15 Td (AUM, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.66 590.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.94 590.55 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.90 590.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.34 590.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.63 590.55 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.65 590.55 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.34 590.55 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.31 590.55 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.67 590.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.79 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.42 590.55 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.36 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.14 590.55 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.60 590.55 Td (income.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.50 565.35 Td (Failure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.62 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.24 565.35 Td (Properly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.35 565.35 Td (Address ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.23 565.35 Td (Conflicts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.76 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.96 565.35 Td (Interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.66 565.35 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.37 565.35 Td (Harm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.49 565.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.12 565.35 Td (Reputation, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.04 565.35 Td (Business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.01 565.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.80 565.35 Td (Results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 565.35 Td (of ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (Operations) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 527.55 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.79 527.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.66 527.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.11 527.55 Td (expanded ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.96 527.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.41 527.55 Td (scope ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.95 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.32 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.94 527.55 Td (businesses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.90 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.68 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.30 527.55 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.25 527.55 Td (base, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.16 527.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.02 527.55 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.07 527.55 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.85 527.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.64 527.55 Td (address ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.76 527.55 Td (conflicts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.54 527.55 Td (between ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.35 514.95 Td (interests ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.21 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.23 514.95 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.25 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.85 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.71 514.95 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.60 514.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.21 514.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.10 514.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.79 514.95 Td (SEC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.91 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.92 514.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.36 514.95 Td (regulators ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.20 514.95 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.88 514.95 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.38 514.95 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.48 514.95 Td (scrutiny ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.17 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.78 514.95 Td (potential ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (conflicts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.42 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.93 502.35 Td (interest. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.96 502.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.03 502.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.45 502.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.04 502.35 Td (procedures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.86 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.79 502.35 Td (controls ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.38 502.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.89 502.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.48 502.35 Td (reasonably ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.72 502.35 Td (designed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.81 502.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.74 502.35 Td (address ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.00 502.35 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.34 502.35 Td (issues. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.82 502.35 Td (However) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.88 502.35 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (appropriately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.53 489.75 Td (dealing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.50 489.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.22 489.75 Td (conflicts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.43 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.24 489.75 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.20 489.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.26 489.75 Td (complex ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.47 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.69 489.75 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.16 489.75 Td (ficult ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.38 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.60 489.75 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.07 489.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.37 489.75 Td (fail, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.04 489.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.84 489.75 Td (appear ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.88 489.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.10 489.75 Td (fail, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.77 489.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.00 489.75 Td (deal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.54 489.75 Td (appropriately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.15 477.15 Td (conflicts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.28 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.00 477.15 Td (interest, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.51 477.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.73 477.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.04 477.15 Td (face ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.50 477.15 Td (reputational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.62 477.15 Td (damage, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.87 477.15 Td (litigation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.77 477.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.49 477.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.62 477.15 Td (proceedings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.33 477.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.05 477.15 Td (penalties, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.98 477.15 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.11 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.84 477.15 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.20 464.55 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.06 464.55 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.03 464.55 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.39 464.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.01 464.55 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.95 464.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.32 464.55 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.77 464.55 Td (income.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 439.35 Td (Loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.96 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.33 439.35 Td (Key ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.28 439.35 Td (Personnel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.66 439.35 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.55 439.35 Td (Harm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.85 439.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.65 439.35 Td (Business) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 414.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 414.15 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.05 414.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.69 414.15 Td (dependent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.66 414.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.98 414.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.63 414.15 Td (continued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.86 414.15 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.50 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.07 414.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.89 414.15 Td (key ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.87 414.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.10 414.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.57 414.15 Td (personnel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.21 414.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.19 414.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.01 414.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.48 414.15 Td (team. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.04 401.55 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.60 401.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.56 401.55 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.94 401.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.90 401.55 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.36 401.55 Td (personnel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.40 401.55 Td (without ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.70 401.55 Td (adequate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.23 401.55 Td (replacement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.74 401.55 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.29 401.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.32 401.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.20 401.55 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.82 401.55 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.10 401.55 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.06 401.55 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.02 401.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.73 401.55 Td (us. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.91 401.55 Td (Moreover) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.89 401.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.69 388.95 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.87 388.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.23 388.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.83 388.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.86 388.95 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.71 388.95 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.21 388.95 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.50 388.95 Td (lean ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.60 388.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.86 388.95 Td (teams ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.96 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.74 388.95 Td (contribute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.92 388.95 Td (significantly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.02 388.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.81 388.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.42 388.95 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 388.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.85 376.35 Td (income, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.91 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.26 376.35 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.13 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.40 376.35 Td (even ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.75 376.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.93 376.35 Td (small ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.21 376.35 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.80 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.08 376.35 Td (key ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.76 376.35 Td (personnel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.11 376.35 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.21 376.35 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.31 376.35 Td (businesses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.17 376.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.02 376.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.37 376.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.56 376.35 Td (disproportionate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.90 376.35 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 376.35 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.09 363.75 Td (overall ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.84 363.75 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.07 363.75 Td (Additionally) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.47 363.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.69 363.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.53 363.75 Td (need ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.94 363.75 Td (qualified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.86 363.75 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.69 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.44 363.75 Td (skilled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.03 363.75 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.53 363.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.79 363.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.80 363.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.04 363.75 Td (experience ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.94 351.15 Td (order ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.37 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.81 351.15 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.98 351.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.26 351.15 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.12 351.15 Td (successfully) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.76 351.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.42 351.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.02 351.15 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.45 351.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.97 351.15 Td (experienced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.96 351.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.65 351.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.57 351.15 Td (professionals ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.25 351.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.53 351.15 Td (extremely ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.96 338.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.02 338.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.92 338.55 Td (increasingly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.13 338.55 Td (characterized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.98 338.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.37 338.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.09 338.55 Td (movement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.31 338.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.95 338.55 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.75 338.55 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.22 338.55 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.70 338.55 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.07 338.55 Td (firms. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.76 338.55 Td (Due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.15 338.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.21 338.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.93 338.55 Td (competitive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.44 325.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.46 325.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.66 325.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.08 325.95 Td (professionals ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.27 325.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.22 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.83 325.95 Td (success ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.10 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.63 325.95 Td (some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.58 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.11 325.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.89 325.95 Td (employees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.20 325.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.98 325.95 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.76 325.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.71 325.95 Td (attract ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.73 325.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.67 325.95 Td (retain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 325.95 Td (key ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.48 313.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.37 313.35 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.77 313.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.00 313.35 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.41 313.35 Td (likely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.40 313.35 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.86 313.35 Td (over ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.59 313.35 Td (time. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.96 313.35 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.78 313.35 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.52 313.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.76 313.35 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.12 313.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.44 313.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.59 313.35 Td (work ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.25 313.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.99 313.35 Td (key ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.22 313.35 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.20 313.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.44 313.35 Td (revise ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.75 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.87 300.75 Td (sharing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.92 300.75 Td (arrangements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.61 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.91 300.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.62 300.75 Td (employment-related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.31 300.75 Td (terms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.78 300.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.08 300.75 Td (reflect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.03 300.75 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.90 300.75 Td (circumstances, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.14 300.75 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.94 300.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.25 300.75 Td (situations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.15 Td (where ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.13 288.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.77 288.15 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.97 288.15 Td (sharing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.86 288.15 Td (arrangement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.31 288.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.37 288.15 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.67 288.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.82 288.15 Td (insuf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.63 288.15 Td (ficient ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.43 288.15 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.72 288.15 Td (being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.02 288.15 Td (retained ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.81 288.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.29 288.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.10 288.15 Td (subsidiary) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.58 288.15 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.18 288.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.91 288.15 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.92 288.15 Td (since ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.20 275.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.15 275.55 Td (track ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.00 275.55 Td (record ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.69 275.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.31 275.55 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.51 275.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.12 275.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.99 275.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.02 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.06 275.55 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.75 275.55 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.62 275.55 Td (often ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.07 275.55 Td (attributed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.18 275.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.21 275.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.75 275.55 Td (small ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.37 275.55 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.31 275.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.93 275.55 Td (individual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (employees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.79 262.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.72 262.95 Td (sometimes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.40 262.95 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.33 262.95 Td (person, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.71 262.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.31 262.95 Td (departure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.72 262.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.23 262.95 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.16 262.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.67 262.95 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.01 262.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.52 262.95 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.86 262.95 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.53 262.95 Td (could) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 446.86 262.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.63 262.95 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.71 262.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.31 262.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.66 262.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.59 262.95 Td (lose ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.84 250.35 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.59 250.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.35 250.35 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.26 250.35 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.39 250.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.07 250.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.41 250.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.24 250.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.92 250.35 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.33 250.35 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.41 250.35 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.38 250.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.12 250.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.64 250.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.65 250.35 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.08 250.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.84 250.35 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.59 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.76 250.35 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (condition. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.28 237.75 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.77 237.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.51 237.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.83 237.75 Td (unable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.31 237.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.97 237.75 Td (attract ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.70 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.36 237.75 Td (retain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.75 237.75 Td (qualified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.57 237.75 Td (individuals ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.73 237.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.97 237.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.47 237.75 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.96 237.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.63 237.75 Td (do ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.62 237.75 Td (so ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.45 237.75 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.34 237.75 Td (significantly) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.15 237.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.27 237.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.77 237.75 Td (operations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 225.15 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.64 225.15 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.68 225.15 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.56 225.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.09 225.15 Td (materially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.28 225.15 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.14 225.15 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.11 225.15 Td (fected.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.50 199.95 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.63 199.95 Td (Business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.78 199.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.41 199.95 Td (Subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.12 199.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.91 199.95 Td (Numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.05 199.95 Td (Operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.60 199.95 Td (Risks) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 174.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 174.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.07 174.75 Td (face ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.39 174.75 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.65 174.75 Td (operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.72 174.75 Td (risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.40 174.75 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.81 174.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.82 174.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.66 174.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.09 174.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.43 174.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.93 174.75 Td (day-to-day ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.26 174.75 Td (basis. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.10 174.75 Td (Among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.44 174.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.86 174.75 Td (things, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.00 174.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.09 174.75 Td (must ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.21 162.15 Td (able ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.49 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.45 162.15 Td (consistently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.41 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.37 162.15 Td (reliably ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.24 162.15 Td (obtain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.28 162.15 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.73 162.15 Td (pricing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.27 162.15 Td (information, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.26 162.15 Td (process ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.55 162.15 Td (trading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.09 162.15 Td (activity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.90 162.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.32 162.15 Td (process ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.60 162.15 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.72 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.68 162.15 Td (investor ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.61 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.73 149.55 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.76 149.55 Td (reports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.88 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.00 149.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.53 149.55 Td (customer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.98 149.55 Td (service ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.67 149.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.80 149.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.75 149.55 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.75 149.55 Td (investors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.62 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.74 149.55 Td (distributors. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.16 149.55 Td (Failure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.86 149.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.99 149.55 Td (keep ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.77 149.55 Td (current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.58 136.95 Td (accurate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.47 136.95 Td (books ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.47 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.55 136.95 Td (records ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.38 136.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.87 136.95 Td (render ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.60 136.95 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.86 136.95 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.52 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.61 136.95 Td (disciplinary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.10 136.95 Td (action ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.68 136.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.10 136.95 Td (governmental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.75 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.83 136.95 Td (self-regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.56 136.95 Td (authorities, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.38 124.35 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.58 124.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.46 124.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.76 124.35 Td (claims ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.29 124.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.92 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.05 124.35 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.74 124.35 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.75 124.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.88 124.35 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.34 124.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.21 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.34 124.35 Td (software ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.62 124.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.75 124.35 Td (licensed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.28 124.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.82 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.11 124.35 Td (supported ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.65 124.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.28 124.35 Td (outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.74 124.35 Td (vendors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.11 124.35 Td (upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.24 124.35 Td (whom ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.27 111.75 Td (rely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.13 111.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.82 111.75 Td (prevent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.84 111.75 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.02 111.75 Td (system ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.72 111.75 Td (failure. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.71 111.75 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.71 111.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.24 111.75 Td (suspension ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.86 111.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.13 111.75 Td (termination ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.07 111.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.34 111.75 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.45 111.75 Td (licenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.22 111.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.49 111.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.85 111.75 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.94 111.75 Td (support, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.60 111.75 Td (upgrades ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.27 99.15 Td (maintenance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.93 99.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.87 99.15 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.79 99.15 Td (system ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.57 99.15 Td (delays ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.00 99.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.36 99.15 Td (interruption. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.17 99.15 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.77 99.15 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.53 99.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.89 99.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.49 99.15 Td (financial, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.46 99.15 Td (portfolio ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.81 99.15 Td (accounting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.49 99.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.84 99.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.02 99.15 Td (data ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 86.55 Td (processing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.80 86.55 Td (systems, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.07 86.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.21 86.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.44 86.55 Td (systems ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.08 86.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.22 86.55 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.45 86.55 Td (parties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.83 86.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.72 86.55 Td (whom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.37 86.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.00 86.55 Td (rely) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.65 86.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.66 86.55 Td (do ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.56 86.55 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.37 86.55 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.66 86.55 Td (properly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.62 86.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.76 86.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.97 86.55 Td (disabled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.36 86.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.50 86.55 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.30 86.55 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 86.55 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.72 73.95 Td (shortcomings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.95 73.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.34 73.95 Td (failures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.47 73.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.28 73.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.93 73.95 Td (internal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.64 73.95 Td (processes, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.15 73.95 Td (people ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.79 73.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.18 73.95 Td (systems, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.70 73.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.09 73.95 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.90 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.30 73.95 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.77 73.95 Td (parties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.41 73.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.55 73.95 Td (whom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.45 73.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.34 73.95 Td (rely) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.98 73.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.25 73.95 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.66 61.35 Td (suf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.31 61.35 Td (fer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.80 61.35 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.55 61.35 Td (impairment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.79 61.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.79 61.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.62 61.35 Td (liquidity) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.53 61.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.99 61.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.49 61.35 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.06 61.35 Td (loss, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.86 61.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.35 61.35 Td (disruption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.78 61.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.36 61.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.19 61.35 Td (businesses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.99 61.35 Td (liability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.49 61.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.49 61.35 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.37 61.35 Td (regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (problems ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.91 48.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.99 48.75 Td (damage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.96 48.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.46 48.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.79 48.75 Td (reputation. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.15 48.75 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.55 48.75 Td (systems ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.13 48.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.54 48.75 Td (fail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.86 48.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.36 48.75 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.59 48.75 Td (properly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.49 48.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.57 48.75 Td (become ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.54 48.75 Td (disabled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.87 48.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.94 48.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.94 48.75 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.59 48.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.67 48.75 Td (events ) Tj ET Q
endstream
endobj
61 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 62 0 R>>
endobj
62 0 obj
<</Length 69564>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (28) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.80 741.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.17 741.75 Td (wholly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.89 741.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.19 741.75 Td (partially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.74 741.75 Td (beyond ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.20 741.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.75 741.75 Td (control, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.67 741.75 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.89 741.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.11 741.75 Td (disruption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.25 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.55 741.75 Td (electrical ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.57 741.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.87 741.75 Td (communications ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.83 741.75 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.20 741.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.50 741.75 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (inability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.11 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.89 729.15 Td (occupy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.82 729.15 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.59 729.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.95 729.15 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.13 729.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.69 729.15 Td (fices. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.75 729.15 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.11 729.15 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.75 729.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.36 729.15 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.71 729.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.14 729.15 Td (dependent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.90 729.15 Td (upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.51 729.15 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.70 729.15 Td (from, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 729.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (communications ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.67 716.55 Td (with, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.72 716.55 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.31 716.55 Td (parties, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.68 716.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.60 716.55 Td (operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.59 716.55 Td (problems ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.43 716.55 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.77 716.55 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.36 716.55 Td (parties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.11 716.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.95 716.55 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.94 716.55 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.91 716.55 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.40 716.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.16 716.55 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.75 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.68 716.55 Td (carry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 716.55 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.12 703.95 Td (business.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 678.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 678.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.15 678.75 Td (depend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.40 678.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.82 678.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.74 678.75 Td (headquarters, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.93 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.68 678.75 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.24 678.75 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.99 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.66 678.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.58 678.75 Td (subsidiaries, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.71 678.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.63 678.75 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.29 678.75 Td (centers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.95 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.03 678.75 Td (third-party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.86 678.75 Td (providers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.85 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.78 666.15 Td (continued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.29 666.15 Td (operation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.04 666.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.89 666.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.99 666.15 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.16 666.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.59 666.15 Td (failure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.09 666.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.36 666.15 Td (maintain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.21 666.15 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.22 666.15 Td (infrastructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.88 666.15 Td (commensurate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.21 666.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.98 666.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.92 666.15 Td (size ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.34 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.61 666.15 Td (scope ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.82 653.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.38 653.55 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.16 653.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.39 653.55 Td (disaster ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.04 653.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.35 653.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.58 653.55 Td (disruption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.74 653.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.47 653.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.87 653.55 Td (infrastructure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.99 653.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.31 653.55 Td (supports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.46 653.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.03 653.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.01 653.55 Td (managers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.44 653.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.75 653.55 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.23 653.55 Td (event ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.54 653.55 Td (disrupting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.69 653.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.06 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.55 640.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.28 640.95 Td (employees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.91 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.82 640.95 Td (perform ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.37 640.95 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.35 640.95 Td (job ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.50 640.95 Td (functions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.94 640.95 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.33 640.95 Td (terrorist ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.31 640.95 Td (attacks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.82 640.95 Td (pandemic, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.00 640.95 Td (health ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.39 640.95 Td (crisis ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.29 640.95 Td (\(such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.76 640.95 Td (COVID-19\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.49 628.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.40 628.35 Td (disruption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.24 628.35 Td (involving ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.74 628.35 Td (electrical ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.46 628.35 Td (communications, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.73 628.35 Td (transportation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.30 628.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.30 628.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.12 628.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.19 628.35 Td (used ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.68 628.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.43 628.35 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.01 628.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.01 628.35 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.09 628.35 Td (parties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.33 628.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.24 628.35 Td (whom ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.85 615.75 Td (conduct ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.19 615.75 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.51 615.75 Td (directly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.68 615.75 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.65 615.75 Td (fecting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.90 615.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.00 615.75 Td (headquarters, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.37 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.30 615.75 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.86 615.75 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.79 615.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.64 615.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.74 615.75 Td (subsidiaries, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.04 615.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.14 615.75 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.99 615.75 Td (centers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.82 615.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.67 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.60 615.75 Td (travel ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.08 603.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.91 603.15 Td (sales, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.78 603.15 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.94 603.15 Td (service ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.51 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.50 603.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.91 603.15 Td (personnel, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.19 603.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.10 603.15 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.76 603.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.25 603.15 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.48 603.15 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.38 603.15 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.79 603.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.13 603.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.96 603.15 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.62 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.62 603.15 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.61 603.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.61 603.15 Td (operate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.02 590.55 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.13 590.55 Td (without ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.73 590.55 Td (interruption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.83 590.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.09 590.55 Td (impede ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.52 590.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.87 590.55 Td (growth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.14 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.41 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.92 590.55 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.10 590.55 Td (Although ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.29 590.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.06 590.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.40 590.55 Td (disaster ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.99 590.55 Td (recovery ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.24 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.92 590.55 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (continuity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.02 577.95 Td (programs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.63 577.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.74 577.95 Td (place, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.46 577.95 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.39 577.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.90 577.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.76 577.95 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.20 577.95 Td (assurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.96 577.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.65 577.95 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.17 577.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.45 577.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.30 577.95 Td (suf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.95 577.95 Td (ficient ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.71 577.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.82 577.95 Td (mitigate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.18 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.95 577.95 Td (harm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.47 577.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.16 577.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.18 577.95 Td (result ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.27 565.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.89 565.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.91 565.35 Td (disaster ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.35 565.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.46 565.35 Td (disruption. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.03 565.35 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.39 565.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.00 565.35 Td (fail ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.35 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.89 565.35 Td (keep ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.07 565.35 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.02 565.35 Td (continuity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.97 565.35 Td (plans ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.49 565.35 Td (up-to-date ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.01 565.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.12 565.35 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.90 565.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.51 565.35 Td (plans, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.66 565.35 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.69 565.35 Td (secure ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (back-up ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.13 552.75 Td (facilities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.09 552.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.06 552.75 Td (systems, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.75 552.75 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.38 552.75 Td (improperly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.84 552.75 Td (implemented ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.47 552.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.03 552.75 Td (deployed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.33 552.75 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.55 552.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.02 552.75 Td (disruption, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.04 552.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.85 552.75 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.49 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.46 552.75 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.17 552.75 Td (could ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.20 540.15 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.23 540.15 Td (impacted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.50 540.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.04 540.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.83 540.15 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.45 540.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.41 540.15 Td (comply ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.70 540.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.16 540.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.10 540.15 Td (obligations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.56 540.15 Td (leading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.25 540.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.21 540.15 Td (reputational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.15 540.15 Td (harm, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.14 540.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.08 540.15 Td (fines ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.29 527.55 Td (sanctions. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.61 527.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.99 527.55 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.65 527.55 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.51 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.29 527.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.49 527.55 Td (safeguards ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.02 527.55 Td (might ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.14 527.55 Td (only ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.44 527.55 Td (partially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.05 527.55 Td (reimburse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.66 527.55 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.62 527.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.49 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.11 527.55 Td (losses.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 502.35 Td (Failure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.97 502.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.94 502.35 Td (implement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.24 502.35 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.20 502.35 Td (fective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.98 502.35 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.71 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.85 502.35 Td (cybersecurity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.79 502.35 Td (policies, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.88 502.35 Td (procedures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.50 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.64 502.35 Td (capabilities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.44 502.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.15 502.35 Td (disrupt ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.63 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.60 489.75 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.72 489.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.44 489.75 Td (losses) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 464.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.28 464.55 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.47 464.55 Td (rely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.25 464.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.20 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.48 464.55 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.44 464.55 Td (fectiveness ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.54 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.74 464.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.19 464.55 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.21 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.82 464.55 Td (cybersecurity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.83 464.55 Td (policies, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.56 464.55 Td (procedures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.08 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.69 464.55 Td (capabilities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.46 451.95 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.33 451.95 Td (secure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.95 451.95 Td (processing, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.28 451.95 Td (storage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.39 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.35 451.95 Td (transmission ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.23 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.78 451.95 Td (confidential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.72 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.68 451.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.05 451.95 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.42 451.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.38 451.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.18 451.95 Td (computer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.63 451.95 Td (systems, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (networks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.48 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.12 439.35 Td (mobile ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.76 439.35 Td (devices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.73 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.37 439.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.35 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.66 439.35 Td (computer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.80 439.35 Td (systems, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.16 439.35 Td (networks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.13 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.78 439.35 Td (mobile ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.42 439.35 Td (devices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.39 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.62 439.35 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.93 439.35 Td (parties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.40 439.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.38 439.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.52 439.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.25 439.35 Td (rely) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 559.89 439.35 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (Although ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.97 426.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.01 426.75 Td (take ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.30 426.75 Td (protective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.08 426.75 Td (measures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.95 426.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.91 426.75 Td (endeavor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.18 426.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.15 426.75 Td (modify ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.28 426.75 Td (them ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.08 426.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.62 426.75 Td (circumstances ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.90 426.75 Td (warrant, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.39 426.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.18 426.75 Td (computer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.64 426.75 Td (systems, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.15 Td (software, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.46 414.15 Td (networks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.14 414.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.48 414.15 Td (mobile ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.82 414.15 Td (devices, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.12 414.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.46 414.15 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.81 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.74 414.15 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.75 414.15 Td (parties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.92 414.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.61 414.15 Td (whom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.04 414.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.47 414.15 Td (rely) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.11 414.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.92 414.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.18 414.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.27 414.15 Td (vulnerable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.77 414.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.12 414.15 Td (cyber) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.22 414.15 Td (-attacks, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (sabotage, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.00 401.55 Td (unauthorized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.95 401.55 Td (access, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.53 401.55 Td (computer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.32 401.55 Td (viruses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.84 401.55 Td (worms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.56 401.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.44 401.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.16 401.55 Td (malicious ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.13 401.55 Td (code, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.71 401.55 Td (phishing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.02 401.55 Td (scams ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.82 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.12 401.55 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.84 401.55 Td (events ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.80 401.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.68 401.55 Td (have ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 56.68 388.95 Td (security ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.43 388.95 Td (impact) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 121.01 388.95 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.15 388.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 128.66 388.95 Td (In ) Tj ET Q
q 0 0 0 rg BT 139.93 388.95 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 179.48 388.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 195.99 388.95 Td (interconnectivity ) Tj ET Q
q 0 0 0 rg BT 269.65 388.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 290.84 388.95 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 338.26 388.95 Td (vendors, ) Tj ET Q
q 0 0 0 rg BT 376.64 388.95 Td (advisors, ) Tj ET Q
q 0 0 0 rg BT 416.78 388.95 Td (central ) Tj ET Q
q 0 0 0 rg BT 447.86 388.95 Td (agents, ) Tj ET Q
q 0 0 0 rg BT 479.83 388.95 Td (exchanges, ) Tj ET Q
q 0 0 0 rg BT 528.70 388.95 Td (clearing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (houses ) Tj ET Q
q 0 0 0 rg BT 80.83 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 98.74 376.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 123.06 376.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 162.53 376.35 Td (institutions ) Tj ET Q
q 0 0 0 rg BT 211.96 376.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 232.78 376.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 245.44 376.35 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 288.41 376.35 Td (af) Tj ET Q
q 0 0 0 rg BT 296.38 376.35 Td (fected ) Tj ET Q
q 0 0 0 rg BT 324.77 376.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 333.93 376.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 351.84 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 363.33 376.35 Td (them ) Tj ET Q
q 0 0 0 rg BT 387.07 376.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 402.64 376.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 435.12 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 446.04 376.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 453.44 376.35 Td (successful ) Tj ET Q
q 0 0 0 rg BT 499.34 376.35 Td (cyber) Tj ET Q
q 0 0 0 rg BT 522.45 376.35 Td (-attack ) Tj ET Q
q 0 0 0 rg BT 553.76 376.35 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 74.85 363.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 128.21 363.75 Td (security ) Tj ET Q
q 0 0 0 rg BT 165.23 363.75 Td (event. ) Tj ET Q
q 0 0 0 rg BT 194.37 363.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 197.88 363.75 Td (While ) Tj ET Q
q 0 0 0 rg BT 227.31 363.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 243.34 363.75 Td (collaborate ) Tj ET Q
q 0 0 0 rg BT 293.76 363.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 316.21 363.75 Td (clients, ) Tj ET Q
q 0 0 0 rg BT 350.02 363.75 Td (vendors ) Tj ET Q
q 0 0 0 rg BT 387.04 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 405.98 363.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 431.34 363.75 Td (third ) Tj ET Q
q 0 0 0 rg BT 454.95 363.75 Td (parties ) Tj ET Q
q 0 0 0 rg BT 486.72 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 498.67 363.75 Td (develop ) Tj ET Q
q 0 0 0 rg BT 535.69 363.75 Td (secure ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (transmission ) Tj ET Q
q 0 0 0 rg BT 104.94 351.15 Td (capabilities ) Tj ET Q
q 0 0 0 rg BT 155.11 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 172.62 351.15 Td (protect ) Tj ET Q
q 0 0 0 rg BT 204.13 351.15 Td (against ) Tj ET Q
q 0 0 0 rg BT 236.23 351.15 Td (cyber) Tj ET Q
q 0 0 0 rg BT 259.33 351.15 Td (-attacks, ) Tj ET Q
q 0 0 0 rg BT 296.96 351.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 311.56 351.15 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 341.90 351.15 Td (ensure ) Tj ET Q
q 0 0 0 rg BT 371.66 351.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 389.76 351.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 404.36 351.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 415.46 351.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 432.97 351.15 Td (third ) Tj ET Q
q 0 0 0 rg BT 455.16 351.15 Td (parties ) Tj ET Q
q 0 0 0 rg BT 485.50 351.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 501.85 351.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 514.70 351.15 Td (appropriate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (controls ) Tj ET Q
q 0 0 0 rg BT 87.08 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 98.99 338.55 Td (place ) Tj ET Q
q 0 0 0 rg BT 124.89 338.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 136.81 338.55 Td (protect ) Tj ET Q
q 0 0 0 rg BT 169.71 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.28 338.55 Td (confidentiality ) Tj ET Q
q 0 0 0 rg BT 251.26 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 263.76 338.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 286.75 338.55 Td (information) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.33 338.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 338.95 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 342.70 338.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 355.19 338.55 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 395.98 338.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 413.73 338.55 Td (increased ) Tj ET Q
q 0 0 0 rg BT 457.12 338.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 474.86 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 487.36 338.55 Td (mobile ) Tj ET Q
q 0 0 0 rg BT 520.27 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 539.18 338.55 Td (cloud ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (technologies ) Tj ET Q
q 0 0 0 rg BT 103.93 325.95 Td (could ) Tj ET Q
q 0 0 0 rg BT 128.62 325.95 Td (heighten ) Tj ET Q
q 0 0 0 rg BT 166.14 325.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 189.08 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 205.60 325.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 228.54 325.95 Td (operational ) Tj ET Q
q 0 0 0 rg BT 277.13 325.95 Td (risks ) Tj ET Q
q 0 0 0 rg BT 298.33 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 314.85 325.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 331.38 325.95 Td (failure ) Tj ET Q
q 0 0 0 rg BT 360.14 325.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 372.00 325.95 Td (mobile ) Tj ET Q
q 0 0 0 rg BT 402.53 325.95 Td (technology ) Tj ET Q
q 0 0 0 rg BT 450.55 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.07 325.95 Td (cloud ) Tj ET Q
q 0 0 0 rg BT 491.76 325.95 Td (service ) Tj ET Q
q 0 0 0 rg BT 522.85 325.95 Td (providers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.65 313.35 Td (adequately ) Tj ET Q
q 0 0 0 rg BT 107.11 313.35 Td (safeguard ) Tj ET Q
q 0 0 0 rg BT 149.91 313.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 171.14 313.35 Td (systems ) Tj ET Q
q 0 0 0 rg BT 206.38 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 223.52 313.35 Td (prevent ) Tj ET Q
q 0 0 0 rg BT 256.99 313.35 Td (cyber) Tj ET Q
q 0 0 0 rg BT 280.10 313.35 Td (-attacks, ) Tj ET Q
q 0 0 0 rg BT 317.36 313.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 342.67 313.35 Td (disrupt ) Tj ET Q
q 0 0 0 rg BT 373.82 313.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 389.80 313.35 Td (operations ) Tj ET Q
q 0 0 0 rg BT 435.53 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 452.67 313.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 477.98 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 488.14 313.35 Td (misappropriation, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (corruption ) Tj ET Q
q 0 0 0 rg BT 95.86 300.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 107.24 300.75 Td (loss ) Tj ET Q
q 0 0 0 rg BT 126.20 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 137.57 300.75 Td (personal, ) Tj ET Q
q 0 0 0 rg BT 178.39 300.75 Td (confidential ) Tj ET Q
q 0 0 0 rg BT 231.17 300.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 242.54 300.75 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 291.81 300.75 Td (information.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 275.55 Td (An ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.49 275.55 Td (externally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.63 275.55 Td (caused ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.36 275.55 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.09 275.55 Td (security ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.49 275.55 Td (incident, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.10 275.55 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.50 275.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.41 275.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.23 275.55 Td (hacker ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.36 275.55 Td (attack, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.21 275.55 Td (virus ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.37 275.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.28 275.55 Td (worm, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.56 275.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.47 275.55 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.53 275.55 Td (internally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.93 275.55 Td (caused ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (issue, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.74 262.95 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.60 262.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.97 262.95 Td (failure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.98 262.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.76 262.95 Td (control ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.12 262.95 Td (access ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.55 262.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.33 262.95 Td (sensitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.70 262.95 Td (systems, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.19 262.95 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.13 262.95 Td (materially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.32 262.95 Td (interrupt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.09 262.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.29 262.95 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.64 262.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.01 262.95 Td (cause ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.94 262.95 Td (disclosure ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.37 250.35 Td (modification ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.14 250.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.01 250.35 Td (sensitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.87 250.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.74 250.35 Td (confidential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.01 250.35 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.45 250.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.32 250.35 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.01 250.35 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.70 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.98 250.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.43 250.35 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.88 250.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.16 250.35 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.68 250.35 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.53 250.35 Td (loss, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.47 237.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.84 237.75 Td (competitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.03 237.75 Td (position, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.12 237.75 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.89 237.75 Td (actions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.89 237.75 Td (breach ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.49 237.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.86 237.75 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.81 237.75 Td (contracts, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.96 237.75 Td (reputational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.73 237.75 Td (harm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.93 237.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.31 237.75 Td (legal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.34 237.75 Td (liability) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.32 237.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 212.55 Td (There ) Tj ET Q
q 0 0 0 rg BT 112.18 212.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 134.20 212.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 156.22 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 163.08 212.55 Td (number ) Tj ET Q
q 0 0 0 rg BT 197.36 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 208.30 212.55 Td (highly ) Tj ET Q
q 0 0 0 rg BT 237.34 212.55 Td (publicized ) Tj ET Q
q 0 0 0 rg BT 283.27 212.55 Td (cases ) Tj ET Q
q 0 0 0 rg BT 307.63 212.55 Td (involving ) Tj ET Q
q 0 0 0 rg BT 350.08 212.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 389.01 212.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 425.03 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 442.39 212.55 Td (consumer) Tj ET Q
q 0 0 0 rg BT 483.00 212.55 Td (-based ) Tj ET Q
q 0 0 0 rg BT 512.61 212.55 Td (companies ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 89.48 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 103.81 199.95 Td (unauthorized ) Tj ET Q
q 0 0 0 rg BT 160.11 199.95 Td (disclosure ) Tj ET Q
q 0 0 0 rg BT 204.18 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 214.43 199.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 239.24 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 249.49 199.95 Td (customer ) Tj ET Q
q 0 0 0 rg BT 289.47 199.95 Td (information, ) Tj ET Q
q 0 0 0 rg BT 343.16 199.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 353.40 199.95 Td (well ) Tj ET Q
q 0 0 0 rg BT 372.98 199.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 383.22 199.95 Td (cyber) Tj ET Q
q 0 0 0 rg BT 406.33 199.95 Td (-attacks ) Tj ET Q
q 0 0 0 rg BT 440.47 199.95 Td (involving ) Tj ET Q
q 0 0 0 rg BT 482.22 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.54 199.95 Td (dissemination, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (theft ) Tj ET Q
q 0 0 0 rg BT 71.52 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 89.47 187.35 Td (destruction ) Tj ET Q
q 0 0 0 rg BT 138.91 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 150.44 187.35 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 192.86 187.35 Td (information ) Tj ET Q
q 0 0 0 rg BT 245.22 187.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 256.75 187.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 281.11 187.35 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 311.01 187.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 322.54 187.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 329.98 187.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 356.10 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 367.63 187.35 Td (failure ) Tj ET Q
q 0 0 0 rg BT 397.81 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 408.76 187.35 Td (follow ) Tj ET Q
q 0 0 0 rg BT 438.95 187.35 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 487.80 187.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 501.08 187.35 Td (employees ) Tj ET Q
q 0 0 0 rg BT 548.77 187.35 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (contractors ) Tj ET Q
q 0 0 0 rg BT 100.47 174.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 113.53 174.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 126.60 174.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 135.58 174.75 Td (result ) Tj ET Q
q 0 0 0 rg BT 163.23 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 176.29 174.75 Td (actions ) Tj ET Q
q 0 0 0 rg BT 210.35 174.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 225.17 174.75 Td (third ) Tj ET Q
q 0 0 0 rg BT 249.32 174.75 Td (parties, ) Tj ET Q
q 0 0 0 rg BT 284.26 174.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 328.24 174.75 Td (actions ) Tj ET Q
q 0 0 0 rg BT 362.30 174.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 377.12 174.75 Td (terrorist ) Tj ET Q
q 0 0 0 rg BT 414.68 174.75 Td (or) Tj ET Q
q 0 0 0 rg BT 423.24 174.75 Td (ganizations ) Tj ET Q
q 0 0 0 rg BT 475.38 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 494.86 174.75 Td (hostile ) Tj ET Q
q 0 0 0 rg BT 527.18 174.75 Td (foreign ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (governments. ) Tj ET Q
q 0 0 0 rg BT 108.50 162.15 Td (Cyber) Tj ET Q
q 0 0 0 rg BT 133.95 162.15 Td (-security ) Tj ET Q
q 0 0 0 rg BT 172.82 162.15 Td (incidents ) Tj ET Q
q 0 0 0 rg BT 212.87 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 230.16 162.15 Td (cyber) Tj ET Q
q 0 0 0 rg BT 253.27 162.15 Td (-attacks ) Tj ET Q
q 0 0 0 rg BT 288.06 162.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 310.01 162.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 331.97 162.15 Td (occurring ) Tj ET Q
q 0 0 0 rg BT 374.34 162.15 Td (globally ) Tj ET Q
q 0 0 0 rg BT 410.88 162.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 420.60 162.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 427.39 162.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 451.10 162.15 Td (frequent ) Tj ET Q
q 0 0 0 rg BT 488.22 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 505.52 162.15 Td (severe ) Tj ET Q
q 0 0 0 rg BT 534.47 162.15 Td (level. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 149.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.99 149.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 88.58 149.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 111.16 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 126.75 149.55 Td (tar) Tj ET Q
q 0 0 0 rg BT 137.64 149.55 Td (get ) Tj ET Q
q 0 0 0 rg BT 153.23 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.73 149.55 Td (attempted ) Tj ET Q
q 0 0 0 rg BT 208.90 149.55 Td (cyber) Tj ET Q
q 0 0 0 rg BT 232.01 149.55 Td (-attacks ) Tj ET Q
q 0 0 0 rg BT 267.42 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 285.34 149.55 Td (must ) Tj ET Q
q 0 0 0 rg BT 308.52 149.55 Td (monitor ) Tj ET Q
q 0 0 0 rg BT 344.54 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 362.46 149.55 Td (develop ) Tj ET Q
q 0 0 0 rg BT 398.46 149.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 415.22 149.55 Td (systems ) Tj ET Q
q 0 0 0 rg BT 451.24 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 462.17 149.55 Td (protect ) Tj ET Q
q 0 0 0 rg BT 494.08 149.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 510.84 149.55 Td (technology ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (infrastructure ) Tj ET Q
q 0 0 0 rg BT 107.66 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 124.43 136.95 Td (data ) Tj ET Q
q 0 0 0 rg BT 143.53 136.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 165.55 136.95 Td (misappropriation ) Tj ET Q
q 0 0 0 rg BT 238.89 136.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 249.25 136.95 Td (corruption, ) Tj ET Q
q 0 0 0 rg BT 297.22 136.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 307.57 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 322.01 136.95 Td (failure ) Tj ET Q
q 0 0 0 rg BT 351.01 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 360.79 136.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 372.90 136.95 Td (so ) Tj ET Q
q 0 0 0 rg BT 383.84 136.95 Td (could ) Tj ET Q
q 0 0 0 rg BT 408.78 136.95 Td (disrupt ) Tj ET Q
q 0 0 0 rg BT 439.55 136.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 455.16 136.95 Td (operations ) Tj ET Q
q 0 0 0 rg BT 500.50 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 517.27 136.95 Td (adversely ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (af) Tj ET Q
q 0 0 0 rg BT 57.47 124.35 Td (fect ) Tj ET Q
q 0 0 0 rg BT 76.16 124.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 93.11 124.35 Td (business. ) Tj ET Q
q 0 0 0 rg BT 133.63 124.35 Td (Although ) Tj ET Q
q 0 0 0 rg BT 176.26 124.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 191.46 124.35 Td (take ) Tj ET Q
q 0 0 0 rg BT 211.90 124.35 Td (protective ) Tj ET Q
q 0 0 0 rg BT 256.84 124.35 Td (measures ) Tj ET Q
q 0 0 0 rg BT 298.87 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 316.98 124.35 Td (endeavors ) Tj ET Q
q 0 0 0 rg BT 362.51 124.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 373.63 124.35 Td (strengthen ) Tj ET Q
q 0 0 0 rg BT 420.33 124.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 437.28 124.35 Td (computer ) Tj ET Q
q 0 0 0 rg BT 479.89 124.35 Td (systems, ) Tj ET Q
q 0 0 0 rg BT 518.73 124.35 Td (software, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (technology ) Tj ET Q
q 0 0 0 rg BT 98.59 111.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 125.52 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 143.11 111.75 Td (networks ) Tj ET Q
q 0 0 0 rg BT 184.04 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 194.63 111.75 Td (prevent ) Tj ET Q
q 0 0 0 rg BT 228.55 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 246.14 111.75 Td (address ) Tj ET Q
q 0 0 0 rg BT 280.07 111.75 Td (potential ) Tj ET Q
q 0 0 0 rg BT 319.24 111.75 Td (cyber) Tj ET Q
q 0 0 0 rg BT 342.35 111.75 Td (-attacks, ) Tj ET Q
q 0 0 0 rg BT 380.05 111.75 Td (there ) Tj ET Q
q 0 0 0 rg BT 403.47 111.75 Td (can ) Tj ET Q
q 0 0 0 rg BT 420.47 111.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 432.82 111.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 445.75 111.75 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 488.99 111.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 507.17 111.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 524.76 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 535.94 111.75 Td (these ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (measures ) Tj ET Q
q 0 0 0 rg BT 91.19 99.15 Td (prove ) Tj ET Q
q 0 0 0 rg BT 117.73 99.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 125.69 99.15 Td (fective.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 73.95 Td (Any ) Tj ET Q
q 0 0 0 rg BT 105.55 73.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 157.08 73.95 Td (security ) Tj ET Q
q 0 0 0 rg BT 192.28 73.95 Td (incident ) Tj ET Q
q 0 0 0 rg BT 228.07 73.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 238.78 73.95 Td (cyber) Tj ET Q
q 0 0 0 rg BT 261.89 73.95 Td (-attack ) Tj ET Q
q 0 0 0 rg BT 292.41 73.95 Td (against ) Tj ET Q
q 0 0 0 rg BT 324.12 73.95 Td (us ) Tj ET Q
q 0 0 0 rg BT 335.42 73.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 346.13 73.95 Td (third ) Tj ET Q
q 0 0 0 rg BT 367.92 73.95 Td (parties ) Tj ET Q
q 0 0 0 rg BT 397.87 73.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 418.50 73.95 Td (whom ) Tj ET Q
q 0 0 0 rg BT 446.71 73.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 460.92 73.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 475.70 73.95 Td (connected, ) Tj ET Q
q 0 0 0 rg BT 522.85 73.95 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 66.30 61.35 Td (interception, ) Tj ET Q
q 0 0 0 rg BT 120.72 61.35 Td (mishandling ) Tj ET Q
q 0 0 0 rg BT 174.27 61.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 184.66 61.35 Td (misuse ) Tj ET Q
q 0 0 0 rg BT 215.47 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.86 61.35 Td (personal, ) Tj ET Q
q 0 0 0 rg BT 265.69 61.35 Td (confidential ) Tj ET Q
q 0 0 0 rg BT 317.48 61.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 327.87 61.35 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 376.16 61.35 Td (information, ) Tj ET Q
q 0 0 0 rg BT 430.00 61.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 454.96 61.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 479.93 61.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 489.74 61.35 Td (material ) Tj ET Q
q 0 0 0 rg BT 525.78 61.35 Td (financial ) Tj ET Q
endstream
endobj
63 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 64 0 R>>
endobj
64 0 obj
<</Length 60208>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (29) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (loss, ) Tj ET Q
q 0 0 0 rg BT 71.55 741.75 Td (loss ) Tj ET Q
q 0 0 0 rg BT 90.98 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 102.81 741.75 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 155.47 741.75 Td (position, ) Tj ET Q
q 0 0 0 rg BT 195.02 741.75 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 241.25 741.75 Td (fines ) Tj ET Q
q 0 0 0 rg BT 264.75 741.75 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 294.66 741.75 Td (sanctions, ) Tj ET Q
q 0 0 0 rg BT 339.45 741.75 Td (breach ) Tj ET Q
q 0 0 0 rg BT 370.52 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 382.35 741.75 Td (client ) Tj ET Q
q 0 0 0 rg BT 408.76 741.75 Td (contracts, ) Tj ET Q
q 0 0 0 rg BT 452.37 741.75 Td (reputational ) Tj ET Q
q 0 0 0 rg BT 505.61 741.75 Td (harm ) Tj ET Q
q 0 0 0 rg BT 530.27 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 542.10 741.75 Td (legal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (liability) Tj ET Q
q 0 0 0 rg BT 81.48 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 86.73 729.15 Td (which, ) Tj ET Q
q 0 0 0 rg BT 117.65 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 128.44 729.15 Td (turn, ) Tj ET Q
q 0 0 0 rg BT 150.60 729.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 171.30 729.15 Td (cause ) Tj ET Q
q 0 0 0 rg BT 197.25 729.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 213.87 729.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 249.72 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 267.51 729.15 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 305.71 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 316.50 729.15 Td (decline.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 85.50 703.95 Td (Failure ) Tj ET Q
q 0 0 0 rg BT 120.86 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 131.71 703.95 Td (Establish ) Tj ET Q
q 0 0 0 rg BT 174.27 703.95 Td (Adequate ) Tj ET Q
q 0 0 0 rg BT 217.78 703.95 Td (Controls ) Tj ET Q
q 0 0 0 rg BT 257.82 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 276.84 703.95 Td (Risk ) Tj ET Q
q 0 0 0 rg BT 298.78 703.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 358.64 703.95 Td (Policies, ) Tj ET Q
q 0 0 0 rg BT 397.77 703.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 409.79 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 425.89 703.95 Td (Circumvention ) Tj ET Q
q 0 0 0 rg BT 493.34 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 504.77 703.95 Td (Controls ) Tj ET Q
q 0 0 0 rg BT 544.41 703.95 Td (And ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Policies ) Tj ET Q
q 0 0 0 rg BT 85.95 691.35 Td (Could ) Tj ET Q
q 0 0 0 rg BT 114.83 691.35 Td (Have ) Tj ET Q
q 0 0 0 rg BT 140.20 691.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 153.52 691.35 Td (Adverse ) Tj ET Q
q 0 0 0 rg BT 190.56 691.35 Td (Ef) Tj ET Q
q 0 0 0 rg BT 200.87 691.35 Td (fect ) Tj ET Q
q 0 0 0 rg BT 219.23 691.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 232.94 691.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 250.74 691.35 Td (Reputation ) Tj ET Q
q 0 0 0 rg BT 301.22 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 320.18 691.35 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 365.40 691.35 Td (Position.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 666.15 Td (W) Tj ET Q
q 0 0 0 rg BT 67.57 666.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 74.66 666.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 96.92 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 104.01 666.15 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 141.44 666.15 Td (risk ) Tj ET Q
q 0 0 0 rg BT 159.62 666.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 215.70 666.15 Td (process ) Tj ET Q
q 0 0 0 rg BT 249.62 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 267.21 666.15 Td (continue ) Tj ET Q
q 0 0 0 rg BT 305.80 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 316.40 666.15 Td (enhance ) Tj ET Q
q 0 0 0 rg BT 353.22 666.15 Td (various ) Tj ET Q
q 0 0 0 rg BT 386.56 666.15 Td (controls, ) Tj ET Q
q 0 0 0 rg BT 425.45 666.15 Td (procedures, ) Tj ET Q
q 0 0 0 rg BT 476.57 666.15 Td (policies ) Tj ET Q
q 0 0 0 rg BT 511.66 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 529.25 666.15 Td (systems ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.74 653.55 Td (monitor ) Tj ET Q
q 0 0 0 rg BT 97.06 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 115.30 653.55 Td (manage ) Tj ET Q
q 0 0 0 rg BT 151.02 653.55 Td (risks ) Tj ET Q
q 0 0 0 rg BT 173.93 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 185.17 653.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 202.24 653.55 Td (business; ) Tj ET Q
q 0 0 0 rg BT 243.82 653.55 Td (however) Tj ET Q
q 0 0 0 rg BT 279.55 653.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 285.25 653.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 300.57 653.55 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 331.63 653.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 344.62 653.55 Td (assured ) Tj ET Q
q 0 0 0 rg BT 379.18 653.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 398.00 653.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 420.32 653.55 Td (controls, ) Tj ET Q
q 0 0 0 rg BT 459.85 653.55 Td (procedures, ) Tj ET Q
q 0 0 0 rg BT 511.61 653.55 Td (policies ) Tj ET Q
q 0 0 0 rg BT 547.34 653.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (systems ) Tj ET Q
q 0 0 0 rg BT 85.14 640.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 103.87 640.95 Td (successfully ) Tj ET Q
q 0 0 0 rg BT 157.58 640.95 Td (identify ) Tj ET Q
q 0 0 0 rg BT 192.62 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 210.17 640.95 Td (manage ) Tj ET Q
q 0 0 0 rg BT 245.21 640.95 Td (internal ) Tj ET Q
q 0 0 0 rg BT 279.67 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 297.22 640.95 Td (external ) Tj ET Q
q 0 0 0 rg BT 333.42 640.95 Td (risks ) Tj ET Q
q 0 0 0 rg BT 355.64 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 366.20 640.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 382.58 640.95 Td (business. ) Tj ET Q
q 0 0 0 rg BT 423.01 640.95 Td (W) Tj ET Q
q 0 0 0 rg BT 432.08 640.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 439.13 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 454.33 640.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 486.46 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 497.02 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.23 640.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 530.37 640.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 548.50 640.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 100.77 628.35 Td (contractors ) Tj ET Q
q 0 0 0 rg BT 151.16 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 163.64 628.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 188.96 628.35 Td (third ) Tj ET Q
q 0 0 0 rg BT 212.53 628.35 Td (parties ) Tj ET Q
q 0 0 0 rg BT 244.26 628.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 266.08 628.35 Td (deliberately ) Tj ET Q
q 0 0 0 rg BT 319.38 628.35 Td (seek ) Tj ET Q
q 0 0 0 rg BT 341.77 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 353.68 628.35 Td (circumvent ) Tj ET Q
q 0 0 0 rg BT 404.65 628.35 Td (established ) Tj ET Q
q 0 0 0 rg BT 455.05 628.35 Td (controls ) Tj ET Q
q 0 0 0 rg BT 492.62 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 504.53 628.35 Td (commit ) Tj ET Q
q 0 0 0 rg BT 540.35 628.35 Td (fraud ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (\(including ) Tj ET Q
q 0 0 0 rg BT 94.81 615.75 Td (through ) Tj ET Q
q 0 0 0 rg BT 129.63 615.75 Td (cyber) Tj ET Q
q 0 0 0 rg BT 152.74 615.75 Td (-breaches\) ) Tj ET Q
q 0 0 0 rg BT 198.61 615.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 209.50 615.75 Td (act ) Tj ET Q
q 0 0 0 rg BT 223.90 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 234.21 615.75 Td (ways ) Tj ET Q
q 0 0 0 rg BT 257.95 615.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 275.84 615.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 290.81 615.75 Td (inconsistent ) Tj ET Q
q 0 0 0 rg BT 343.13 615.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 363.95 615.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 380.10 615.75 Td (controls, ) Tj ET Q
q 0 0 0 rg BT 418.70 615.75 Td (policies ) Tj ET Q
q 0 0 0 rg BT 453.52 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 470.83 615.75 Td (procedures. ) Tj ET Q
q 0 0 0 rg BT 521.67 615.75 Td (Persistent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.48 603.15 Td (repeated ) Tj ET Q
q 0 0 0 rg BT 98.28 603.15 Td (attempts ) Tj ET Q
q 0 0 0 rg BT 136.09 603.15 Td (involving ) Tj ET Q
q 0 0 0 rg BT 178.58 603.15 Td (conflicts ) Tj ET Q
q 0 0 0 rg BT 216.97 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 227.96 603.15 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 267.81 603.15 Td (circumvention ) Tj ET Q
q 0 0 0 rg BT 330.70 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 341.68 603.15 Td (policies ) Tj ET Q
q 0 0 0 rg BT 376.58 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 393.98 603.15 Td (controls ) Tj ET Q
q 0 0 0 rg BT 430.04 603.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 441.02 603.15 Td (fraud ) Tj ET Q
q 0 0 0 rg BT 465.42 603.15 Td (could ) Tj ET Q
q 0 0 0 rg BT 490.98 603.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 513.04 603.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 519.94 603.15 Td (materially ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 84.19 590.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 115.39 590.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 128.51 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 145.14 590.55 Td (reputation ) Tj ET Q
q 0 0 0 rg BT 190.33 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 208.12 590.55 Td (could ) Tj ET Q
q 0 0 0 rg BT 234.07 590.55 Td (lead ) Tj ET Q
q 0 0 0 rg BT 254.18 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 264.98 590.55 Td (costly ) Tj ET Q
q 0 0 0 rg BT 292.68 590.55 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 338.46 590.55 Td (inquiries.) Tj ET Q
BT /F6 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 565.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.06 565.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.34 565.35 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.21 565.35 Td (Incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.35 565.35 Td (Right ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.91 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.28 565.35 Td (Use ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.84 565.35 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.22 565.35 Td (Impairment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.19 565.35 Td (Charges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.99 565.35 Td (Related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.28 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.07 565.35 Td (Leased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.02 565.35 Td (Facilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 540.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 540.15 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.89 540.15 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.71 540.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.53 540.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.10 540.15 Td (exposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.17 540.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.00 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.49 540.15 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.90 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.30 540.15 Td (incurring ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.45 540.15 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.33 540.15 Td (ges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.99 540.15 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.21 540.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.04 540.15 Td (subleases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.35 540.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.76 540.15 Td (vacant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.82 540.15 Td (space ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.80 540.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.70 540.15 Td (several ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.09 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.50 540.15 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (leased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.86 527.55 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.42 527.55 Td (fices. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.30 527.55 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.09 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.97 527.55 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.50 527.55 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.75 527.55 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.50 527.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.62 527.55 Td (right-of-use ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.31 527.55 Td (\(�ROU�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.92 527.55 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.54 527.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.34 527.55 Td (commitments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.62 527.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.16 527.55 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.12 527.55 Td (parties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.23 527.55 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.26 527.55 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (cancellable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.63 514.95 Td (subleases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.21 514.95 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.53 514.95 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.09 514.95 Td ($72 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.76 514.95 Td (million. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.00 514.95 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.58 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.25 514.95 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.57 514.95 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.61 514.95 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.16 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.07 514.95 Td (total ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.65 514.95 Td (ROU ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.74 514.95 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.15 514.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.31 514.95 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.87 514.95 Td (fice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.52 514.95 Td (space ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.76 514.95 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.24 502.35 Td (vacated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.80 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.46 502.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.78 502.35 Td (seeking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.35 502.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.02 502.35 Td (sublease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.09 502.35 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.99 502.35 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.14 502.35 Td ($2 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.14 502.35 Td (million, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.60 502.35 Td (after ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.33 502.35 Td (impairment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.23 502.35 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.11 502.35 Td (ges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.61 502.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.85 502.35 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 502.35 Td ($4 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.07 489.75 Td (recognized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.37 489.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.77 489.75 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.75 489.75 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.05 489.75 Td (2020. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.91 489.75 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.39 489.75 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.69 489.75 Td (accepted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.65 489.75 Td (accounting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.95 489.75 Td (principles, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.22 489.75 Td (when ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.20 489.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.27 489.75 Td (carrying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.49 489.75 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.46 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.44 489.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.34 489.75 Td (ROU ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.74 477.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.57 477.15 Td (deemed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.05 477.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.05 477.15 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.29 477.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.03 477.15 Td (fully ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.69 477.15 Td (recoverable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.48 477.15 Td (\(i.e. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.64 477.15 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.04 477.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.70 477.15 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.19 477.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.68 477.15 Td (sublease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.08 477.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.92 477.15 Td (entered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.64 477.15 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.80 477.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.38 477.15 Td (space ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.53 477.15 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.36 477.15 Td (deemed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.84 477.15 Td (abandoned\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.27 477.15 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.88 464.55 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.41 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.03 464.55 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.91 464.55 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.78 464.55 Td (equal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.48 464.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.60 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.39 464.55 Td (present ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.67 464.55 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.37 464.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.07 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.86 464.55 Td (amounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.40 464.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.86 464.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.48 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.26 464.55 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.80 464.55 Td (rental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.66 464.55 Td (commitments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.78 464.55 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.65 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.43 464.55 Td (lease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.38 464.55 Td (exceed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.36 451.95 Td (amounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.97 451.95 Td (expected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.32 451.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.51 451.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.46 451.95 Td (received ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.05 451.95 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.98 451.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.68 451.95 Td (sublease, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.91 451.95 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.35 451.95 Td (any) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.83 451.95 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.04 451.95 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.74 451.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.43 451.95 Td (result, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.42 451.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.62 451.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.31 451.95 Td (period ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.17 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.94 451.95 Td (declining ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.05 451.95 Td (commercial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.64 451.95 Td (lease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.66 451.95 Td (markets, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.50 439.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.07 439.35 Td (exposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.23 439.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.15 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.74 439.35 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.24 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.74 439.35 Td (incurring ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.99 439.35 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.86 439.35 Td (ges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.62 439.35 Td (relating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.44 439.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.36 439.35 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.28 439.35 Td (premises ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.36 439.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.36 439.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.93 439.35 Td (seeking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.76 439.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.68 439.35 Td (sublease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.01 439.35 Td (resulting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.51 439.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.67 439.35 Td (longer ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (periods ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.48 426.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.73 426.75 Td (identify ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.46 426.75 Td (sub-tenants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.36 426.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.59 426.75 Td (reduced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.90 426.75 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.12 426.75 Td (rent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.52 426.75 Td (rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.42 426.75 Td (leading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.40 426.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.64 426.75 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.20 426.75 Td (sub-tenants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.10 426.75 Td (paying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.76 426.75 Td (less ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.58 426.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.82 426.75 Td (rent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.22 426.75 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.37 426.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.69 426.75 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.15 Td (paying ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.97 414.15 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.77 414.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.66 414.15 Td (lease. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.52 414.15 Td (Also, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.88 414.15 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.18 414.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.73 414.15 Td (sub-tenant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.36 414.15 Td (defaults ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.49 414.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.89 414.15 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.70 414.15 Td (sublease, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.79 414.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.92 414.15 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.07 414.15 Td (likely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.87 414.15 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.34 414.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.89 414.15 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.77 414.15 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.57 414.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.70 414.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.42 414.15 Td (rent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.64 414.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.28 414.15 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.87 401.55 Td (incur ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.47 401.55 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.92 401.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.78 401.55 Td (period ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.64 401.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.41 401.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.69 401.55 Td (expect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.12 401.55 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.40 401.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.34 401.55 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.36 401.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.56 401.55 Td (sublease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.16 401.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.02 401.55 Td (premises ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.38 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.57 401.55 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.76 401.55 Td (reduction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.45 401.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.65 401.55 Td (rent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.00 401.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.78 401.55 Td (current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.48 388.95 Td (rent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.64 388.95 Td (rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.29 388.95 Td (lead ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.61 388.95 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.78 388.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.78 388.95 Td (expect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.01 388.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.50 388.95 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.83 388.95 Td (sub-tenant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.40 388.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.57 388.95 Td (pay) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.05 388.95 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.37 388.95 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.68 388.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.09 388.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.83 388.95 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.16 388.95 Td (assurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.80 388.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.38 388.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.46 388.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.62 388.95 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.87 388.95 Td (recognize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.51 388.95 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (lease-related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.17 376.35 Td (impairment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.20 376.35 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.08 376.35 Td (ges, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.33 376.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.61 376.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.32 376.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.85 376.35 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.88 376.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.67 376.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.29 376.35 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.33 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.70 376.35 Td (operations. ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 351.15 Td (Potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.18 351.15 Td (Impairment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.12 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.47 351.15 Td (Goodwill ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.16 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.09 351.15 Td (Intangible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.24 351.15 Td (Assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.67 351.15 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.53 351.15 Td (Increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.46 351.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.24 351.15 Td (Expenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.67 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.61 351.15 Td (Reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.28 351.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.67 351.15 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 325.95 Td (Determining ) Tj ET Q
q 0 0 0 rg BT 140.85 325.95 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 180.47 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.91 325.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 242.19 325.95 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 271.59 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 289.03 325.95 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 335.05 325.95 Td (them ) Tj ET Q
q 0 0 0 rg BT 358.33 325.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 372.85 325.95 Td (impairment, ) Tj ET Q
q 0 0 0 rg BT 426.16 325.95 Td (requires ) Tj ET Q
q 0 0 0 rg BT 462.26 325.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 508.87 325.95 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 90.91 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.41 313.35 Td (judgment, ) Tj ET Q
q 0 0 0 rg BT 153.04 313.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 195.04 313.35 Td (estimating ) Tj ET Q
q 0 0 0 rg BT 241.12 313.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 266.20 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 283.70 313.35 Td (assessing ) Tj ET Q
q 0 0 0 rg BT 325.12 313.35 Td (life ) Tj ET Q
q 0 0 0 rg BT 341.45 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 351.95 313.35 Td (connection ) Tj ET Q
q 0 0 0 rg BT 400.36 313.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 421.36 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 436.53 313.35 Td (allocation ) Tj ET Q
q 0 0 0 rg BT 480.27 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 491.35 313.35 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 531.01 313.35 Td (price ) Tj ET Q
q 0 0 0 rg BT 554.33 313.35 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.47 300.75 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 112.68 300.75 Td (creating ) Tj ET Q
q 0 0 0 rg BT 148.64 300.75 Td (them. ) Tj ET Q
q 0 0 0 rg BT 174.40 300.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 192.87 300.75 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 232.34 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 249.64 300.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 293.77 300.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 320.41 300.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 340.62 300.75 Td (become ) Tj ET Q
q 0 0 0 rg BT 375.41 300.75 Td (impaired ) Tj ET Q
q 0 0 0 rg BT 414.87 300.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 425.76 300.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 432.56 300.75 Td (result ) Tj ET Q
q 0 0 0 rg BT 458.03 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 468.91 300.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 486.21 300.75 Td (number ) Tj ET Q
q 0 0 0 rg BT 520.43 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 531.31 300.75 Td (factors, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 90.87 288.15 Td (losses ) Tj ET Q
q 0 0 0 rg BT 117.67 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 128.12 288.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 175.91 288.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 231.26 288.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 270.87 288.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 281.33 288.15 Td (declines ) Tj ET Q
q 0 0 0 rg BT 317.44 288.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 327.31 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.85 288.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 366.30 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 376.75 288.15 Td (managed ) Tj ET Q
q 0 0 0 rg BT 416.36 288.15 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 444.81 288.15 Td (Any ) Tj ET Q
q 0 0 0 rg BT 464.61 288.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 514.72 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 525.18 288.15 Td (goodwill ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 61.88 275.55 Td (intangibles ) Tj ET Q
q 0 0 0 rg BT 111.59 275.55 Td (could ) Tj ET Q
q 0 0 0 rg BT 138.55 275.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 162.00 275.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 170.29 275.55 Td (material ) Tj ET Q
q 0 0 0 rg BT 208.32 275.55 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 244.02 275.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 251.98 275.55 Td (fect ) Tj ET Q
q 0 0 0 rg BT 271.35 275.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 285.48 275.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 303.11 275.55 Td (results ) Tj ET Q
q 0 0 0 rg BT 334.16 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 346.54 275.55 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 396.53 275.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 414.75 275.55 Td (example, ) Tj ET Q
q 0 0 0 rg BT 456.57 275.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 487.62 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.08 275.55 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 537.44 275.55 Td (ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (December ) Tj ET Q
q 0 0 0 rg BT 94.30 262.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 109.08 262.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 134.36 262.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 148.26 262.95 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 184.90 262.95 Td ($365.2 ) Tj ET Q
q 0 0 0 rg BT 215.43 262.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 247.42 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.82 262.95 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 300.29 262.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 350.35 262.95 Td (char) Tj ET Q
q 0 0 0 rg BT 368.23 262.95 Td (ges. ) Tj ET Q
q 0 0 0 rg BT 386.39 262.95 Td (These ) Tj ET Q
q 0 0 0 rg BT 413.11 262.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 463.18 262.95 Td (char) Tj ET Q
q 0 0 0 rg BT 481.05 262.95 Td (ges ) Tj ET Q
q 0 0 0 rg BT 496.71 262.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 518.76 262.95 Td (comprised ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.12 250.35 Td ($274.6 ) Tj ET Q
q 0 0 0 rg BT 90.87 250.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 123.09 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 140.13 250.35 Td ($18.2 ) Tj ET Q
q 0 0 0 rg BT 165.63 250.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 197.84 250.35 Td (associated ) Tj ET Q
q 0 0 0 rg BT 242.87 250.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 263.41 250.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 279.29 250.35 Td (combined ) Tj ET Q
q 0 0 0 rg BT 322.57 250.35 Td (EnT) Tj ET Q
q 0 0 0 rg BT 340.28 250.35 Td (rust ) Tj ET Q
q 0 0 0 rg BT 357.90 250.35 Td (Global ) Tj ET Q
q 0 0 0 rg BT 388.36 250.35 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 447.96 250.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 469.08 250.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 524.61 250.35 Td (contracts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 73.71 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 92.67 237.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 117.46 237.75 Td (name ) Tj ET Q
q 0 0 0 rg BT 144.00 237.75 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 170.83 237.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 220.88 237.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 227.31 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 246.27 237.75 Td ($65.0 ) Tj ET Q
q 0 0 0 rg BT 273.69 237.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 310.46 237.75 Td ($6.4 ) Tj ET Q
q 0 0 0 rg BT 332.63 237.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 369.39 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 388.35 237.75 Td ($1.0 ) Tj ET Q
q 0 0 0 rg BT 410.53 237.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 447.29 237.75 Td (associated ) Tj ET Q
q 0 0 0 rg BT 494.24 237.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 516.71 237.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 534.51 237.75 Td (RARE ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 108.33 225.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 167.75 225.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 188.70 225.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 244.04 225.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 283.63 225.15 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 308.37 225.15 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 359.62 225.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 380.56 225.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 435.90 225.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 475.50 225.15 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 500.23 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 517.09 225.15 Td (trade ) Tj ET Q
q 0 0 0 rg BT 539.77 225.15 Td (name ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 77.25 212.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 127.30 212.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 134.64 212.55 Td (Subsequent ) Tj ET Q
q 0 0 0 rg BT 187.77 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 200.65 212.55 Td (December ) Tj ET Q
q 0 0 0 rg BT 248.50 212.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 266.34 212.55 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 294.68 212.55 Td (no ) Tj ET Q
q 0 0 0 rg BT 309.90 212.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 356.60 212.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 403.31 212.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 428.43 212.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 481.55 212.55 Td (char) Tj ET Q
q 0 0 0 rg BT 499.43 212.55 Td (ges ) Tj ET Q
q 0 0 0 rg BT 518.14 212.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 542.68 212.55 Td (been ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (recognized. ) Tj ET Q
q 0 0 0 rg BT 101.18 199.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.51 199.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 118.18 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 129.92 199.95 Td (October ) Tj ET Q
q 0 0 0 rg BT 166.73 199.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 182.85 199.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 209.47 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 225.30 199.95 Td (date ) Tj ET Q
q 0 0 0 rg BT 245.78 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.52 199.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 274.52 199.95 Td (most ) Tj ET Q
q 0 0 0 rg BT 297.93 199.95 Td (recent ) Tj ET Q
q 0 0 0 rg BT 326.58 199.95 Td (annual ) Tj ET Q
q 0 0 0 rg BT 357.56 199.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 408.96 199.95 Td (testing, ) Tj ET Q
q 0 0 0 rg BT 442.58 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 458.40 199.95 Td (implied ) Tj ET Q
q 0 0 0 rg BT 493.48 199.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 511.05 199.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 536.78 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.52 199.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (Global ) Tj ET Q
q 0 0 0 rg BT 80.28 187.35 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 106.43 187.35 Td (Management ) Tj ET Q
q 0 0 0 rg BT 164.07 187.35 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 205.38 187.35 Td (unit ) Tj ET Q
q 0 0 0 rg BT 224.54 187.35 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 266.41 187.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 279.16 187.35 Td (carry ) Tj ET Q
q 0 0 0 rg BT 303.54 187.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 329.11 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 340.67 187.35 Td ($1.9 ) Tj ET Q
q 0 0 0 rg BT 361.87 187.35 Td (billion ) Tj ET Q
q 0 0 0 rg BT 392.11 187.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 405.44 187.35 Td (22%. ) Tj ET Q
q 0 0 0 rg BT 430.13 187.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 432.95 187.35 Td (Further) Tj ET Q
q 0 0 0 rg BT 463.44 187.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 468.89 187.35 Td (it ) Tj ET Q
q 0 0 0 rg BT 477.55 187.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 496.70 187.35 Td (determined ) Tj ET Q
q 0 0 0 rg BT 546.75 187.35 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.49 174.75 Td (EnT) Tj ET Q
q 0 0 0 rg BT 83.20 174.75 Td (rust ) Tj ET Q
q 0 0 0 rg BT 102.12 174.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 133.86 174.75 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 194.76 174.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 217.17 174.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 273.98 174.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 315.05 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 333.37 174.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 357.52 174.75 Td (name ) Tj ET Q
q 0 0 0 rg BT 383.43 174.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 411.09 174.75 Td (each ) Tj ET Q
q 0 0 0 rg BT 433.49 174.75 Td (experienced ) Tj ET Q
q 0 0 0 rg BT 487.37 174.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 495.20 174.75 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 539.77 174.75 Td (event ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (during ) Tj ET Q
q 0 0 0 rg BT 79.55 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 95.01 162.15 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 127.38 162.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 155.09 162.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 185.13 162.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 200.89 162.15 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 226.56 162.15 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 278.37 162.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 283.63 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 299.09 162.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 350.13 162.15 Td (tests ) Tj ET Q
q 0 0 0 rg BT 371.44 162.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 386.32 162.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 410.53 162.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 437.66 162.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 460.70 162.15 Td (updated ) Tj ET Q
q 0 0 0 rg BT 496.57 162.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 507.95 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.33 162.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 549.37 162.15 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 72.95 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 90.55 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 105.83 149.55 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 145.02 149.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 162.04 149.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 191.31 149.55 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 232.81 149.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 254.49 149.55 Td (respective ) Tj ET Q
q 0 0 0 rg BT 299.50 149.55 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 336.93 149.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 366.20 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.39 149.55 Td ($126.8 ) Tj ET Q
q 0 0 0 rg BT 408.71 149.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 441.49 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 459.10 149.55 Td ($10.3 ) Tj ET Q
q 0 0 0 rg BT 485.17 149.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 517.96 149.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 530.90 149.55 Td (1% ) Tj ET Q
q 0 0 0 rg BT 547.34 149.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (3%, ) Tj ET Q
q 0 0 0 rg BT 68.91 136.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 118.96 136.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 124.37 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 127.16 136.95 Td (Changes ) Tj ET Q
q 0 0 0 rg BT 166.11 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 177.07 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.68 136.95 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 247.40 136.95 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 295.68 136.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 337.53 136.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 358.98 136.95 Td (flows ) Tj ET Q
q 0 0 0 rg BT 385.10 136.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 408.30 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 423.92 136.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 451.20 136.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 462.74 136.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 504.02 136.95 Td (unit, ) Tj ET Q
q 0 0 0 rg BT 525.77 136.95 Td (resulting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 72.54 124.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 104.31 124.35 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 153.31 124.35 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 188.59 124.35 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 215.71 124.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 227.09 124.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 251.29 124.35 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 285.10 124.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 311.06 124.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 337.01 124.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 347.80 124.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 360.34 124.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 411.37 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 422.74 124.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 440.53 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 451.90 124.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 476.10 124.35 Td (assets.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 99.15 Td (There ) Tj ET Q
q 0 0 0 rg BT 112.66 99.15 Td (can ) Tj ET Q
q 0 0 0 rg BT 129.91 99.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 142.49 99.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 155.67 99.15 Td (assurances ) Tj ET Q
q 0 0 0 rg BT 203.24 99.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 221.67 99.15 Td (continued ) Tj ET Q
q 0 0 0 rg BT 265.75 99.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 297.58 99.15 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 347.48 99.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 358.91 99.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 382.00 99.15 Td (outflows, ) Tj ET Q
q 0 0 0 rg BT 424.05 99.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 435.47 99.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 459.72 99.15 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 493.59 99.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 512.60 99.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 528.70 99.15 Td (produce ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 92.83 86.55 Td (impairments. ) Tj ET Q
q 0 0 0 rg BT 149.29 86.55 Td (See ) Tj ET Q
q 0 0 0 rg BT 165.79 86.55 Td ("Item ) Tj ET Q
q 0 0 0 rg BT 190.66 86.55 Td (7. ) Tj ET Q
q 0 0 0 rg BT 199.88 86.55 Td (Management's ) Tj ET Q
q 0 0 0 rg BT 262.01 86.55 Td (Discussion ) Tj ET Q
q 0 0 0 rg BT 309.44 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 325.64 86.55 Td (Analysis ) Tj ET Q
q 0 0 0 rg BT 363.74 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 373.82 86.55 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 414.24 86.55 Td (Condition ) Tj ET Q
q 0 0 0 rg BT 457.59 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 474.09 86.55 Td (Results ) Tj ET Q
q 0 0 0 rg BT 506.35 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 516.44 86.55 Td (Operations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (- ) Tj ET Q
q 0 0 0 rg BT 54.76 73.95 Td (Critical ) Tj ET Q
q 0 0 0 rg BT 87.62 73.95 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 138.38 73.95 Td (Policies ) Tj ET Q
q 0 0 0 rg BT 173.39 73.95 Td (- ) Tj ET Q
q 0 0 0 rg BT 178.65 73.95 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 222.59 73.95 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 251.77 73.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 268.70 73.95 Td (Goodwill" ) Tj ET Q
q 0 0 0 rg BT 314.41 73.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 331.33 73.95 Td ("Note ) Tj ET Q
q 0 0 0 rg BT 357.79 73.95 Td (5 ) Tj ET Q
q 0 0 0 rg BT 364.81 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.32 73.95 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 401.58 73.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 411.50 73.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 468.68 73.95 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 509.52 73.95 Td (Statements.") Tj ET Q
endstream
endobj
65 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 66 0 R>>
endobj
66 0 obj
<</Length 79783>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (30) Tj ET Q
BT /F6 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 741.90 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.63 741.90 Td (Deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.74 741.90 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.19 741.90 Td (ax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.93 741.90 Td (Assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.40 741.90 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.27 741.90 Td (Not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.64 741.90 Td (Be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.93 741.90 Td (Fully ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.90 741.90 Td (Realizable) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 716.70 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.68 716.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.94 716.70 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.85 716.70 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.48 716.70 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.62 716.70 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.37 716.70 Td (had ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.04 716.70 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.20 716.70 Td ($627 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.71 716.70 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.56 716.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.24 716.70 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.42 716.70 Td (federal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.07 716.70 Td (deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.55 716.70 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.89 716.70 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.52 716.70 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.69 716.70 Td (represent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.68 716.70 Td (tax ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 704.10 Td (benefits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.79 704.10 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.58 704.10 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.87 704.10 Td (expect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.31 704.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.52 704.10 Td (realize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.54 704.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.76 704.10 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.88 704.10 Td (periods. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.46 704.10 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.74 704.10 Td (accounting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.86 704.10 Td (rules, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.94 704.10 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.23 704.10 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.09 704.10 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.12 704.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.33 704.10 Td (recognize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.19 704.10 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.89 704.10 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.77 704.10 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.73 704.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.94 704.10 Td (earnings ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.70 691.50 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.72 691.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.75 691.50 Td (deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.76 691.50 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.63 691.50 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.16 691.50 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.61 691.50 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.48 691.50 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.52 691.50 Td (determined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.79 691.50 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.57 691.50 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.77 691.50 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.88 691.50 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.74 691.50 Td (benefits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.02 691.50 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.87 691.50 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.33 691.50 Td (likely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.28 691.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.48 691.50 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.43 691.50 Td (realized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.69 691.50 Td (before ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.54 691.50 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.65 691.50 Td (expire. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.90 Td (Deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.68 678.90 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.38 678.90 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.75 678.90 Td (generated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.43 678.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.47 678.90 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.01 678.90 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.80 678.90 Td (resulting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.42 678.90 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.71 678.90 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.41 678.90 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.93 678.90 Td (losses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.89 678.90 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.83 678.90 Td (expire ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.94 678.90 Td (20 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.31 678.90 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.33 678.90 Td (after ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.44 678.90 Td (they ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.66 666.30 Td (generated. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.26 666.30 Td (Those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.26 666.30 Td (resulting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.34 666.30 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.09 666.30 Td (foreign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.75 666.30 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.91 666.30 Td (credits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.24 666.30 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.64 666.30 Td (expire ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.21 666.30 Td (10 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.05 666.30 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.54 666.30 Td (after ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.11 666.30 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.53 666.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.69 666.30 Td (generated. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.46 666.30 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.54 666.30 Td (order ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.03 666.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.54 666.30 Td (realize ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.70 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.31 653.70 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.61 653.70 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.67 653.70 Td (benefits, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.76 653.70 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.23 653.70 Td (estimate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.45 653.70 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.43 653.70 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.90 653.70 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.56 653.70 Td (generate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.34 653.70 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.22 653.70 Td ($3 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.95 653.70 Td (billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.60 653.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.00 653.70 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.30 653.70 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.21 653.70 Td (earnings, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.63 653.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.61 653.70 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.50 653.70 Td ($349 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 641.10 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.66 641.10 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.91 641.10 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.65 641.10 Td (foreign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.80 641.10 Td (sourced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.28 641.10 Td (earnings, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.30 641.10 Td (before ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.94 641.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.59 641.10 Td (benefits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.66 641.10 Td (expire. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.14 641.10 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.45 641.10 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.85 641.10 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.58 641.10 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.91 641.10 Td (assurances ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.63 641.10 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.21 641.10 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.28 641.10 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.44 641.10 Td (achieve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.32 641.10 Td (this ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.50 Td (level ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.91 628.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.67 628.50 Td (earnings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.25 628.50 Td (before ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.07 628.50 Td (some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.25 628.50 Td (portion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.58 628.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.34 628.50 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.92 628.50 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.76 628.50 Td (benefits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.01 628.50 Td (expires. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.96 628.50 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.72 628.50 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.76 628.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.77 628.50 Td (belief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.68 628.50 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.43 628.50 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.69 628.50 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.03 628.50 Td (likely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.95 628.50 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.87 628.50 Td (able ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.37 628.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.54 628.50 Td (realize ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.90 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.81 615.90 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.61 615.90 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.18 615.90 Td (benefits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.15 615.90 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.89 615.90 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.53 615.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.43 615.90 Td (part ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.49 615.90 Td (upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.22 615.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.95 615.90 Td (estimates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.76 615.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.24 615.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.80 615.90 Td (timing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.96 615.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.44 615.90 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.75 615.90 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.22 615.90 Td (ferences ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.93 615.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.83 615.90 Td (revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.79 615.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.69 615.90 Td (expense ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.30 Td (recognition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.16 603.30 Td (between ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.97 603.30 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.64 603.30 Td (returns ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.63 603.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.63 603.30 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.19 603.30 Td (statements, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.98 603.30 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.38 603.30 Td (planning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.96 603.30 Td (strategies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.45 603.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.44 603.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.28 603.30 Td (understanding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.60 603.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.18 603.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.85 603.30 Td (application ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.94 590.70 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.46 590.70 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.81 590.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.66 590.70 Td (ability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.18 590.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.04 590.70 Td (implement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.64 590.70 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.90 590.70 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.42 590.70 Td (planning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.85 590.70 Td (strategies, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.83 590.70 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.18 590.70 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.95 590.70 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.55 590.70 Td (revised ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.56 590.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.42 590.70 Td (incorporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.93 590.70 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.69 590.70 Td (changes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 578.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.22 578.10 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.59 578.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.89 578.10 Td (accounting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.50 578.10 Td (regulations. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.33 578.10 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.63 578.10 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.21 578.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.59 578.10 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.88 578.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.17 578.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.72 578.10 Td (deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.24 578.10 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.61 578.10 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.66 578.10 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.21 578.10 Td (based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.67 578.10 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.72 578.10 Td (enacted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.33 578.10 Td (corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.52 578.10 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.89 578.10 Td (rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.26 578.10 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.50 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.48 565.50 Td (periods. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.93 565.50 Td (Legislative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.49 565.50 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.22 565.50 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.70 565.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.78 565.50 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.26 565.50 Td (rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.00 565.50 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.16 565.50 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.80 565.50 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.37 565.50 Td (measurement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.26 565.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.92 565.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.83 565.50 Td (deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.71 565.50 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.45 565.50 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.86 565.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.94 565.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.68 565.50 Td (period ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.87 552.90 Td (enactment. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 527.70 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.59 527.70 Td (estimates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.43 527.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.35 527.70 Td (assumptions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.03 527.70 Td (do ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.29 527.70 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.47 527.70 Td (contemplate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.55 527.70 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.87 527.70 Td (possible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.05 527.70 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.88 527.70 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.46 527.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.39 527.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.98 527.70 Td (ownership ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.49 527.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.99 527.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.75 527.70 Td (common ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 515.10 Td (stock, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.71 515.10 Td (which, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.42 515.10 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.75 515.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.99 515.10 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.09 515.10 Td (Internal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.16 515.10 Td (Revenue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.31 515.10 Td (Code ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.90 515.10 Td (\(the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.65 515.10 Td (�Code�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.67 515.10 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.42 515.10 Td (limit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.68 515.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.10 515.10 Td (utilization ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.10 515.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.26 515.10 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.51 515.10 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.59 515.10 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.35 515.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.50 Td (foreign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.32 502.50 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.65 502.50 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.05 502.50 Td (benefits. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.42 502.50 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.16 502.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.49 502.50 Td (relevant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.80 502.50 Td (Code ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.47 502.50 Td (provisions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.35 502.50 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.76 502.50 Td (�ownership ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.66 502.50 Td (change� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.56 502.50 Td (occurs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.46 502.50 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.38 502.50 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.86 502.50 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.37 502.50 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.53 502.50 Td (cumulative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 502.50 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.90 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.41 489.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.08 489.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.43 489.90 Td (aggregate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.74 489.90 Td (ownership ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.00 489.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.26 489.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.77 489.90 Td (common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.03 489.90 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.70 489.90 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.71 489.90 Td (�5% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.88 489.90 Td (shareholders� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.12 489.90 Td (\(as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.88 489.90 Td (defined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.88 489.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.56 489.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.90 489.90 Td (Code\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.07 489.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.33 489.90 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.41 489.90 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 489.90 Td (50 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.30 Td (percent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.38 477.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.12 477.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.93 477.30 Td (total ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.58 477.30 Td (outstanding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.57 477.30 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.80 477.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.54 477.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.52 477.30 Td (common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.25 477.30 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.41 477.30 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.81 477.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.46 477.30 Td (rolling ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.44 477.30 Td (three-year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.98 477.30 Td (period. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.98 477.30 Td (An ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.80 477.30 Td (ownership ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.53 477.30 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.25 477.30 Td (would ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.70 Td (prospectively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.74 464.70 Td (establish ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.15 464.70 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.73 464.70 Td (annual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.39 464.70 Td (limitation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.89 464.70 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.06 464.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.56 464.70 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.73 464.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.14 464.70 Td (pre-change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.45 464.70 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.94 464.70 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.27 464.70 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.28 464.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.11 464.70 Td (foreign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.10 464.70 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.59 464.70 Td (credit ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 452.10 Td (carryforwards ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.01 452.10 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.89 452.10 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.84 452.10 Td (utilize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.71 452.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.51 452.10 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.12 452.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.74 452.10 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.20 452.10 Td (liability) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.18 452.10 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.25 452.10 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.20 452.10 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.33 452.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.70 452.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.16 452.10 Td (limitation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.62 452.10 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.50 452.10 Td (generally ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.19 452.10 Td (equal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.56 452.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.02 452.10 Td (amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.32 439.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.40 439.50 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.62 439.50 Td (capitalization ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.26 439.50 Td (immediately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.82 439.50 Td (prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.31 439.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.55 439.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.46 439.50 Td (ownership ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.28 439.50 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.08 439.50 Td (multiplied ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.33 439.50 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.90 439.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.81 439.50 Td (long-term ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.29 439.50 Td (tax-exempt ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.60 439.50 Td (interest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.90 Td (rate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.07 426.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.07 426.90 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.03 426.90 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.60 426.90 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.01 426.90 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.59 426.90 Td (time. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.71 426.90 Td (Such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.54 426.90 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.28 426.90 Td (ownership ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.86 426.90 Td (change ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.42 426.90 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.50 426.90 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.91 426.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.57 426.90 Td (timing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.82 426.90 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.40 426.90 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.72 426.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.30 426.90 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.96 426.90 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.45 426.90 Td (loss ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.62 426.90 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.20 426.90 Td (foreign ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.30 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.99 414.30 Td (credit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.55 414.30 Td (benefits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.44 414.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.34 414.30 Td (ultimately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.58 414.30 Td (realize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.21 414.30 Td (before ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.68 414.30 Td (they ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.41 414.30 Td (expire. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.93 414.30 Td (If ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.58 414.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.48 414.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.96 414.30 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.60 414.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.42 414.30 Td (recognize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.89 414.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.20 414.30 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.08 414.30 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.65 414.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.48 414.30 Td (earnings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.70 414.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.53 414.30 Td (reduce ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.12 401.70 Td (deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.72 401.70 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.17 401.70 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.92 401.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.37 401.70 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.25 401.70 Td (ge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.79 401.70 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.49 401.70 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.03 401.70 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.05 401.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.84 401.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.46 401.70 Td (earnings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.66 401.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.03 401.70 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.39 401.70 Td (condition.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 376.50 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.06 376.50 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.95 376.50 Td (Are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.33 376.50 Td (Exposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.70 376.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.50 376.50 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.37 376.50 Td (Number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.58 376.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.96 376.50 Td (Risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.53 376.50 Td (Arising ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.26 376.50 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.39 376.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.19 376.50 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.59 376.50 Td (Operations) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 351.30 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.03 351.30 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.65 351.30 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.08 351.30 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.18 351.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.55 351.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.42 351.30 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.69 351.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.64 351.30 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.76 351.30 Td (outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.30 351.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.25 351.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.28 351.30 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.06 351.30 Td (States ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.35 351.30 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.05 351.30 Td (behalf ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.49 351.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.44 351.30 Td (international ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.70 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.30 338.70 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.37 338.70 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.93 338.70 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.65 338.70 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.21 338.70 Td (fices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.93 338.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.00 338.70 Td (numerous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.31 338.70 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.70 338.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.76 338.70 Td (many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.99 338.70 Td (cross ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.47 338.70 Td (border ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.78 338.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.84 338.70 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.15 338.70 Td (proprietary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.69 338.70 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.93 338.70 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.57 338.70 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.29 338.70 Td (domiciled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.19 338.70 Td (outside ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 326.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.72 326.10 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.70 326.10 Td (States. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.80 326.10 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.53 326.10 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.99 326.10 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.12 326.10 Td (require ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.25 326.10 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.98 326.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.54 326.10 Td (comply ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.44 326.10 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.50 326.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.72 326.10 Td (legal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.52 326.10 Td (requirements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.73 326.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.88 326.10 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.18 326.10 Td (foreign ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.50 Td (jurisdictions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.80 313.50 Td (expose ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.71 313.50 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.80 313.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.72 313.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.30 313.50 Td (political ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.46 313.50 Td (consequences ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.94 313.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.44 313.50 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.85 313.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.77 313.50 Td (foreign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.84 313.50 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.51 313.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.43 313.50 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.92 313.50 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.01 313.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.93 313.50 Td (expropriation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.90 Td (risks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.98 300.90 Td (expatriation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.16 300.90 Td (controls ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.01 300.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.19 300.90 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.95 300.90 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.04 300.90 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.89 300.90 Td (consequences ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.64 300.90 Td (which, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.95 300.90 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.55 300.90 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.15 300.90 Td (things, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.46 300.90 Td (make ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.23 300.90 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.08 300.90 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.68 300.90 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.16 300.90 Td (ficult ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.34 300.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.30 Td (repatriate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.65 288.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.33 288.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.68 288.30 Td (United ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.77 288.30 Td (States ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.37 288.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.71 288.30 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.88 288.30 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.14 288.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.90 288.30 Td (generate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.97 288.30 Td (outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.82 288.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.16 288.30 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.80 288.30 Td (At ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.81 288.30 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.73 288.30 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.37 288.30 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.51 288.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.02 288.30 Td (total ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.20 288.30 Td (liquid ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.21 288.30 Td (assets, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.85 288.30 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.70 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.65 275.70 Td (cash, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.19 275.70 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.09 275.70 Td (equivalents ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.16 275.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.57 275.70 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.38 275.70 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.36 275.70 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.69 275.70 Td (securities, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.21 275.70 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.86 275.70 Td ($1.1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.48 275.70 Td (billion. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.54 275.70 Td (These ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.86 275.70 Td (liquid ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.61 275.70 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.36 275.70 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 263.10 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.91 263.10 Td ($334 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.68 263.10 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.78 263.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.29 263.10 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.71 263.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.63 263.10 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.56 263.10 Td (held ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.40 263.10 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.67 263.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.43 263.10 Td (foreign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.51 263.10 Td (subsidiaries, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.48 263.10 Td (some ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.41 263.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.92 263.10 Td (which, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.97 263.10 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.15 263.10 Td (repatriated, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.42 263.10 Td (may ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.50 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.04 250.50 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.40 250.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.20 250.50 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.22 250.50 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.67 250.50 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.64 250.50 Td (fects.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 225.30 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.01 225.30 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.81 225.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.81 225.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.40 225.30 Td (exposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.56 225.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.49 225.30 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.82 225.30 Td (risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.42 225.30 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.75 225.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.67 225.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.27 225.30 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.74 225.30 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.98 225.30 Td (currencies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.89 225.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.82 225.30 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.24 225.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.24 225.30 Td (transact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.66 225.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.58 225.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.17 225.30 Td (home ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.70 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.20 212.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.74 212.70 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.08 212.70 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.52 212.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.48 212.70 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.92 212.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.31 212.70 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.60 212.70 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.39 212.70 Td (invested. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.79 212.70 Td (Uncertainties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.56 212.70 Td (regarding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.57 212.70 Td (developments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.68 212.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.63 212.70 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.58 212.70 Td (jurisdictions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 200.10 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.40 200.10 Td (produce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.55 200.10 Td (volatility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.79 200.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.29 200.10 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.86 200.10 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.92 200.10 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.49 200.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.98 200.10 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.54 200.10 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.44 200.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.77 200.10 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.51 200.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.58 200.10 Td (operations. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.28 200.10 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.37 200.10 Td (This ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.36 200.10 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.77 200.10 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.67 200.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.50 Td (levels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.71 187.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.58 187.50 Td (composition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.21 187.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.68 187.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.01 187.50 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.23 187.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.10 187.50 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.73 187.50 Td (negatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.18 187.50 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.47 187.50 Td (investor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.01 187.50 Td (sentiment, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.18 187.50 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.56 187.50 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.60 187.50 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.64 187.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.52 187.50 Td (reduced ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.47 187.50 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.93 187.50 Td (negative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 174.90 Td (flows. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.09 174.90 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.47 174.90 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.14 174.90 Td (because ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.01 174.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.47 174.90 Td (U.K. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.52 174.90 Td (Pound ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.99 174.90 Td (Sterling ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.88 174.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.67 174.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.13 174.90 Td (Euro ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.18 174.90 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.63 174.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.09 174.90 Td (currency ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.45 174.90 Td (used ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.33 174.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.13 174.90 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.33 174.90 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.28 174.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.67 174.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.30 174.90 Td (business, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.30 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.65 162.30 Td (weakening ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.12 162.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.86 162.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.67 162.30 Td (U.K. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.08 162.30 Td (Pound ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.91 162.30 Td (Sterling ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.15 162.30 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.88 162.30 Td (Euro ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.28 162.30 Td (relative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.75 162.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.91 162.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.73 162.30 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.39 162.30 Td (Dollar ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.20 162.30 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.52 162.30 Td (negatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.25 162.30 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.81 162.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.79 162.30 Td (reported ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.77 162.30 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.70 Td (results.) Tj ET Q
endstream
endobj
67 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 68 0 R>>
endobj
68 0 obj
<</Length 84926>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (31) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 741.75 Td (Despite ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.74 741.75 Td (controls ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.72 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.04 741.75 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.78 741.75 Td (actions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.68 741.75 Td (reasonably ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.32 741.75 Td (designed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.81 741.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.13 741.75 Td (mitigate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.70 741.75 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.44 741.75 Td (risks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.06 741.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.22 741.75 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.44 741.75 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.34 741.75 Td (expose ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.77 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.88 729.15 Td (risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.65 729.15 Td (arising ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.16 729.15 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.51 729.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.44 729.15 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.12 729.15 Td (responsibility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.22 729.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.40 729.15 Td (actions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.08 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.76 729.15 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.53 729.15 Td (party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.04 729.15 Td (agents ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.80 729.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.89 729.15 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.40 729.15 Td (representatives ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.31 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.99 729.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.92 729.15 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.69 716.55 Td (outside ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.56 716.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.09 716.55 Td (primary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.86 716.55 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.31 716.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.60 716.55 Td (operation. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.41 716.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.27 716.55 Td (foreign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.13 716.55 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.25 716.55 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.53 716.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.88 716.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.33 716.55 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.61 716.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.31 716.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.67 716.55 Td (following ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (risks:) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 678.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 678.75 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.97 678.75 Td (ficulty ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.01 678.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.80 678.75 Td (managing, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.46 678.75 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.74 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.52 678.75 Td (marketing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.72 678.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.34 678.75 Td (international ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.03 678.75 Td (operations;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 666.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 666.15 Td (fluctuations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.04 666.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.18 666.15 Td (currency ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.87 666.15 Td (exchange ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.48 666.15 Td (rates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.27 666.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.90 666.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.95 666.15 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.25 666.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.39 666.15 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.27 666.15 Td (negative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.80 666.15 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.77 666.15 Td (fects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.56 666.15 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.60 666.15 Td (AUM ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.07 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.20 666.15 Td (revenues ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 653.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.29 653.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.91 653.55 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.21 653.55 Td (dollar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.49 653.55 Td (-based ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.52 653.55 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.88 653.55 Td (statements; ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.75 653.55 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 640.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 640.95 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.45 640.95 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.14 640.95 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.58 640.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.38 640.95 Td (foreign ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.32 640.95 Td (political, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.98 640.95 Td (economic, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.05 640.95 Td (legal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.08 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.86 640.95 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.64 640.95 Td (environments.) Tj ET Q
BT /F2 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (Legal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.21 615.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.76 615.75 Td (Regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.54 615.75 Td (Risks) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 590.55 Td (Regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.96 590.55 Td (Matters ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.84 590.55 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.71 590.55 Td (Negatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.43 590.55 Td (Af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.74 590.55 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.10 590.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.90 590.55 Td (Business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.04 590.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.01 590.55 Td (Results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.15 590.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.52 590.55 Td (Operations) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 565.35 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.39 565.35 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.54 565.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.10 565.35 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.41 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.13 565.35 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.26 565.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.33 565.35 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.80 565.35 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.51 565.35 Td (authorities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.39 565.35 Td (around ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.11 565.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.50 565.35 Td (world ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.56 565.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.86 565.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.24 565.35 Td (char) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.12 565.35 Td (ged ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.84 565.35 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (protecting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.56 552.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.88 552.75 Td (interests ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.37 552.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.61 552.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.10 552.75 Td (clients. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.52 552.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.58 552.75 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.74 552.75 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.56 552.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.96 552.75 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.20 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.86 552.75 Td (civil ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.01 552.75 Td (liability) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.99 552.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.11 552.75 Td (criminal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.59 552.75 Td (liability) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.58 552.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.69 552.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.93 552.75 Td (sanction, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.04 552.75 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.20 552.75 Td (revocation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.38 540.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.50 540.15 Td (subsidiaries' ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.10 540.15 Td (registrations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.14 540.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.01 540.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.22 540.15 Td (advisers, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.38 540.15 Td (revocation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.82 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.70 540.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.66 540.15 Td (licenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.03 540.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.90 540.15 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.03 540.15 Td (employees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.68 540.15 Td (censures, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.59 540.15 Td (fines, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 540.15 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 527.55 Td (temporary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.63 527.55 Td (suspension ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.70 527.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.43 527.55 Td (permanent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.73 527.55 Td (bar ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.12 527.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.51 527.55 Td (conducting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.15 527.55 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.35 527.55 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.74 527.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.97 527.55 Td (violate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.53 527.55 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.76 527.55 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.99 527.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.72 527.55 Td (regulations. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.54 527.55 Td (Any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.61 527.55 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.84 527.55 Td (liability ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.85 514.95 Td (sanction ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.45 514.95 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.39 514.95 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.81 514.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.08 514.95 Td (material ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.08 514.95 Td (adverse ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.75 514.95 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.72 514.95 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.06 514.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.17 514.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.77 514.95 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.11 514.95 Td (condition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.00 514.95 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.02 514.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.38 514.95 Td (operations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.35 514.95 Td (reputation, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.15 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.91 514.95 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (prospects. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.36 502.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.68 502.35 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.29 502.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.69 502.35 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.41 502.35 Td (environment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.05 502.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.79 502.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.03 502.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.84 502.35 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.31 502.35 Td (frequently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.03 502.35 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.42 502.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.16 502.35 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.73 502.35 Td (seen ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.96 502.35 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.86 502.35 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.26 489.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.62 489.75 Td (recent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.46 489.75 Td (years. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.42 489.75 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.94 489.75 Td (profitability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.29 489.75 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.81 489.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.91 489.75 Td (materially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.67 489.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.02 489.75 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.44 489.75 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.41 489.75 Td (fected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.25 489.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.94 489.75 Td (modification ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.78 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.72 489.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.74 489.75 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.34 489.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.91 477.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.41 477.15 Td (impact ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.73 477.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.31 477.15 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.65 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.56 477.15 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.05 477.15 Td (communities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.04 477.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.96 477.15 Td (general, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.24 477.15 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.65 477.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.22 477.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.14 477.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.72 477.15 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.72 477.15 Td (governing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.05 477.15 Td (taxation, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (antitrust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.25 464.55 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.15 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.65 464.55 Td (electronic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.37 464.55 Td (commerce. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.06 464.55 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.14 464.55 Td (particular) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.95 464.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.91 464.55 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.48 464.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.64 464.55 Td (incurred, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.58 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.08 464.55 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.75 464.55 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.24 464.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.74 464.55 Td (incur) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.89 464.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.85 464.55 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.51 464.55 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.70 451.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.65 451.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.52 451.95 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.05 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.99 451.95 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.35 451.95 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.37 451.95 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.33 451.95 Td (fecting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.69 451.95 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.56 451.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.93 451.95 Td (funds, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.09 451.95 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.11 451.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.48 451.95 Td (European ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.91 451.95 Td (mutual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.28 451.95 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.73 451.95 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.50 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.86 451.95 Td (recent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.94 439.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.74 439.35 Td (data ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.85 439.35 Td (privacy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.96 439.35 Td (regulation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.16 439.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.95 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.40 439.35 Td (U.K. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.44 439.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.23 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.68 439.35 Td (EU ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.30 439.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.59 439.35 Td (came ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.36 439.35 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.32 439.35 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.29 439.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.65 439.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.44 439.35 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.32 439.35 Td (2018.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 414.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 414.15 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.50 414.15 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.85 414.15 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.04 414.15 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.54 414.15 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.51 414.15 Td (fected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.43 414.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.45 414.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.38 414.15 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.98 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.00 414.15 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.77 414.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.79 414.15 Td (revised ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.38 414.15 Td (legislation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.40 414.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.42 414.15 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.35 414.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.36 414.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.14 414.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.23 414.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.67 414.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (interpretation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.38 401.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.45 401.55 Td (enforcement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.24 401.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.31 401.55 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.88 401.55 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.45 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.93 401.55 Td (regulations. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.29 401.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.94 401.55 Td (challenges ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.57 401.55 Td (associated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.04 401.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.03 401.55 Td (consistently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.52 401.55 Td (interpreting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.55 388.95 Td (issued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.20 388.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.76 388.95 Td (multiple ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.16 388.95 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.04 388.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.51 388.95 Td (add ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.07 388.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.63 388.95 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.28 388.95 Td (risks. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.96 388.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.68 388.95 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.75 388.95 Td (federal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.29 388.95 Td (government ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.83 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.39 388.95 Td (governments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.03 388.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.59 388.95 Td (non-U.S. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (jurisdictions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.88 376.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.52 376.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.65 376.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.35 376.35 Td (operate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.72 376.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.00 376.35 Td (made, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.83 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.46 376.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.75 376.35 Td (proposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.71 376.35 Td (further) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.86 376.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.95 376.35 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.74 376.35 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.02 376.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.66 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.95 376.35 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.57 376.35 Td (structure ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.77 376.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.89 363.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.17 363.75 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.55 363.75 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.29 363.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.47 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.19 363.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.99 363.75 Td (expect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.94 363.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.67 363.75 Td (spend ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.72 363.75 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.94 363.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.66 363.75 Td (resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.86 363.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.59 363.75 Td (comply ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.64 363.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.87 363.75 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.00 363.75 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.71 363.75 Td (changes. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.71 363.75 Td (For ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.85 363.75 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (summary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.20 351.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.58 351.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.03 351.15 Td (laws, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.53 351.15 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.81 351.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.59 351.15 Td (regulators ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.20 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.00 351.15 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.28 351.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.15 351.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.59 351.15 Td (subject, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.59 351.15 Td (see ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.62 351.15 Td (�Item ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.15 351.15 Td (1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.02 351.15 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.14 351.15 Td (Business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.11 351.15 Td (- ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.23 351.15 Td (Regulation.�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 325.95 Td (Instances ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.53 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.23 325.95 Td (criminal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.17 325.95 Td (activity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.62 325.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.74 325.95 Td (fraud ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.85 325.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.31 325.95 Td (participants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.25 325.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.37 325.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.16 325.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.53 325.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.13 325.95 Td (industry) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.87 325.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.45 325.95 Td (disclosures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.07 325.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.77 325.95 Td (trading ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 313.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.57 313.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.05 313.35 Td (abuses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.96 313.35 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.36 313.35 Td (participants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.26 313.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.33 313.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.07 313.35 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.71 313.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.44 313.35 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.76 313.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.83 313.35 Td (significant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.07 313.35 Td (governmental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.71 313.35 Td (intervention ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.35 313.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.42 313.35 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.45 300.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.07 300.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.58 300.75 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.61 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.55 300.75 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.07 300.75 Td (firms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.02 300.75 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.63 300.75 Td (led ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.24 300.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.86 300.75 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.31 300.75 Td (government ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.25 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.20 300.75 Td (regulators ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.97 300.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.92 300.75 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.10 300.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.72 300.75 Td (rules ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.91 300.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.86 300.75 Td (regulations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.15 Td (governing, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.81 288.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.08 288.15 Td (oversight ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.26 288.15 Td (of, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.74 288.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.68 288.15 Td (U.S. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.46 288.15 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.30 288.15 Td (system. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.98 288.15 Td (This ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.75 288.15 Td (activity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.35 288.15 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.46 288.15 Td (resulted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.81 288.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.08 288.15 Td (changes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.01 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.29 288.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.22 288.15 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.58 288.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.85 288.15 Td (regulations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (governing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.81 275.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.37 275.55 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.52 275.55 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.90 275.55 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.05 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.95 275.55 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.26 275.55 Td (aggressive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.31 275.55 Td (enforcement ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.52 275.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.00 275.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.56 275.55 Td (existing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.54 275.55 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.53 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.42 275.55 Td (regulations. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.17 275.55 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (ongoing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.15 262.95 Td (revisions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.30 262.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.71 262.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.77 262.95 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.25 262.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.65 262.95 Td (regulations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.54 262.95 Td (governing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.35 262.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.58 262.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.41 262.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.46 262.95 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.60 262.95 Td (ongoing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.26 262.95 Td (process. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.37 262.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.93 262.95 Td (cumulative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.82 262.95 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.79 262.95 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 262.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.66 250.35 Td (actions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.99 250.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.66 250.35 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.57 250.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.32 250.35 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.55 250.35 Td (expenses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.67 250.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.00 250.35 Td (lower ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.50 250.35 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.73 250.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.06 250.35 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.22 250.35 Td (fees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.34 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.09 250.35 Td (therefore ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.56 250.35 Td (adversely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.38 250.35 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.35 250.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.67 250.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (revenues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.44 237.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.81 237.75 Td (profitability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.60 237.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.97 237.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.59 237.75 Td (business.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 212.55 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.01 212.55 Td (Business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.52 212.55 Td (Involves ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.68 212.55 Td (Risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.02 212.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.77 212.55 Td (Being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.44 212.55 Td (Engaged ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.94 212.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.69 212.55 Td (Litigation, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.90 212.55 Td (Regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.74 212.55 Td (Proceedings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.81 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.15 212.55 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.60 212.55 Td (ax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.10 212.55 Td (Disputes, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.91 212.55 Td (Which ) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.37 199.95 Td (Result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.42 199.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.80 199.95 Td (Liability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.59 199.95 Td (That ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.64 199.95 Td (Could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.52 199.95 Td (Increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.48 199.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.28 199.95 Td (Expenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.74 199.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.71 199.95 Td (Reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.41 199.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.21 199.95 Td (Net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.00 199.95 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 174.75 Td (Many ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.48 174.75 Td (aspects ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.28 174.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.51 174.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.98 174.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.05 174.75 Td (involve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.03 174.75 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.42 174.75 Td (risks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.74 174.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.96 174.75 Td (liability) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.95 174.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.05 174.75 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.28 174.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.59 174.75 Td (normal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.81 174.75 Td (course ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.69 174.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.92 174.75 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.61 174.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.09 174.75 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.15 162.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.38 162.15 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.20 162.15 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.28 162.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.86 162.15 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.94 162.15 Td (named ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.34 162.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.50 162.15 Td (defendants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.40 162.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.56 162.15 Td (co-defendants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.86 162.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.44 162.15 Td (lawsuits, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.90 162.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.06 162.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.29 162.15 Td (involved ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.45 162.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.03 162.15 Td (disputes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.86 162.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.02 162.15 Td (involve ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.86 149.55 Td (threat ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.29 149.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.57 149.55 Td (lawsuits, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.15 149.55 Td (seeking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.75 149.55 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.20 149.55 Td (damages. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.84 149.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.91 149.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.10 149.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.45 149.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.89 149.55 Td (involved ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.17 149.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.11 149.55 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.31 149.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.00 149.55 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.20 149.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.90 149.55 Td (governmental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.16 149.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.85 149.55 Td (self- ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.61 136.95 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.17 136.95 Td (ganization ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.86 136.95 Td (investigations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.16 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.28 136.95 Td (proceedings. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.60 136.95 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.56 136.95 Td (No ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.35 136.95 Td (assurances ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.21 136.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.74 136.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.61 136.95 Td (given ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.90 136.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.61 136.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.74 136.95 Td (how ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.78 136.95 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.90 136.95 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.01 136.95 Td (matter) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.41 136.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.00 136.95 Td (might ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.19 124.35 Td (resolved ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.54 124.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.07 124.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.68 124.35 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.65 124.35 Td (fect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.17 124.35 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.78 124.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.64 124.35 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.24 124.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.53 124.35 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.64 124.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.17 124.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.95 124.35 Td (business. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.94 124.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.47 124.35 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.29 124.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.31 124.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.91 124.35 Td (involved ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.44 124.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.39 124.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.83 124.35 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.44 124.35 Td (dispute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.55 124.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.50 124.35 Td (Brazil ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.94 124.35 Td (arising ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.42 111.75 Td (matters ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.84 111.75 Td (relating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.43 111.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.11 111.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.45 111.75 Td (tax ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.79 111.75 Td (deductibility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.38 111.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.64 111.75 Td (goodwill ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.49 111.75 Td (amortization ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.07 111.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.25 111.75 Td (respect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.50 111.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.18 111.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.52 111.75 Td (Brazilian ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.52 111.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.62 111.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.88 111.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.39 111.75 Td (subsidiary) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.88 111.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.57 99.15 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.36 99.15 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.91 99.15 Td (Management. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.39 99.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.93 99.15 Td (assessments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.88 99.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.84 99.15 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.45 99.15 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.40 99.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.77 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.81 99.15 Td (dispute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.35 99.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.80 99.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.84 99.15 Td (years ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 426.20 99.15 Td (2006 ) Tj ET Q
q 0 0 0 rg BT 449.41 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 466.78 99.15 Td (2007 ) Tj ET Q
q 0 0 0 rg BT 489.99 99.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 512.60 99.15 Td (withdrawn ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (after ) Tj ET Q
q 0 0 0 rg BT 70.59 86.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 84.70 86.55 Td (received ) Tj ET Q
q 0 0 0 rg BT 122.11 86.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 128.63 86.55 Td (favorable ) Tj ET Q
q 0 0 0 rg BT 170.13 86.55 Td (ruling ) Tj ET Q
q 0 0 0 rg BT 197.08 86.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 207.10 86.55 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 269.03 86.55 Td (court.� ) Tj ET Q
q 0 0 0 rg BT 297.58 86.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 315.77 86.55 Td (assessments ) Tj ET Q
q 0 0 0 rg BT 368.38 86.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 382.48 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.17 86.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 421.18 86.55 Td (2008 ) Tj ET Q
q 0 0 0 rg BT 444.04 86.55 Td (through ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.57 86.55 Td (2010 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.43 86.55 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.69 86.55 Td (recently ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 73.95 Td (upheld ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.46 73.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.33 73.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.54 73.95 Td (judgment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.58 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.70 73.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.91 73.95 Td (same ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.86 73.95 Td (level ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.65 73.95 Td (administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.09 73.95 Td (court ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.04 73.95 Td (\(but ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.34 73.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.21 73.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.25 73.95 Td (dif) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.73 73.95 Td (ferent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.59 73.95 Td (panel\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.20 73.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.32 73.95 Td (overruled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.93 73.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.14 73.95 Td (assessments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.26 73.95 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.01 61.35 Td (previous ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.86 61.35 Td (period. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.80 61.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.87 61.35 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.21 61.35 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.71 61.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.57 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.08 61.35 Td (process ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.25 61.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.68 61.35 Td (appealing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.18 61.35 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.04 61.35 Td (result.� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.11 61.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.12 61.35 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.63 61.35 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.81 61.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.24 61.35 Td (tax, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.38 61.35 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.97 61.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.81 61.35 Td (penalty ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.40 61.35 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.67 61.35 Td (issue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.35 61.35 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.06 48.75 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.94 48.75 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.41 48.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.31 48.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.03 48.75 Td (appeal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.16 48.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.90 48.75 Td (over ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.28 48.75 Td ($1) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.39 48.75 Td (1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.37 48.75 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.44 48.75 Td (\(56 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.16 48.75 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.23 48.75 Td (BRL\).�� ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.15 48.75 Td (Additionally) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.55 48.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.90 48.75 Td (new ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.13 48.75 Td (assessments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.60 48.75 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.73 48.75 Td (issued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.71 48.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.69 48.75 Td (the ) Tj ET Q
endstream
endobj
69 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 70 0 R>>
endobj
70 0 obj
<</Length 44162>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (32) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.00 741.75 Td (201) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.36 741.75 Td (1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.96 741.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.96 741.75 Td (2014 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.31 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.82 741.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.99 741.75 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.16 741.75 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.00 741.75 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.93 741.75 Td (issue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.27 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.79 741.75 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.29 741.75 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.79 741.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.14 741.75 Td (over ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.15 741.75 Td ($18 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.24 741.75 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.92 741.75 Td (\(97 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.27 741.75 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.95 741.75 Td (BRL\). ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.84 741.75 Td (It ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.60 741.75 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.02 741.75 Td (take ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (another ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.99 729.15 Td (three ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.98 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.16 729.15 Td (five ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.49 729.15 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.65 729.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.40 729.15 Td (longer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.24 729.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.41 729.15 Td (achieve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.48 729.15 Td (final ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.73 729.15 Td (resolution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.73 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.48 729.15 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.66 729.15 Td (matter ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.49 729.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.24 729.15 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.08 729.15 Td (potentially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.00 729.15 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.33 729.15 Td (go ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.84 729.15 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.51 729.15 Td (multiple ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (levels ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.40 716.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.56 716.55 Td (appeal. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.99 716.55 Td (During ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.15 716.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.30 716.55 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.00 716.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.24 716.55 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.38 716.55 Td ($29 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.54 716.55 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.29 716.55 Td (\(153 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.94 716.55 Td (million ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.69 716.55 Td (BRL\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.02 716.55 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.92 716.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.50 716.55 Td (dispute ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.24 716.55 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.98 716.55 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.78 716.55 Td (due ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.35 716.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.47 703.95 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.36 703.95 Td (accruals. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.22 703.95 Td (While ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.86 703.95 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.83 703.95 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.38 703.95 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.28 703.95 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.76 703.95 Td (assurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.55 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.28 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.10 703.95 Td (timing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.50 703.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.23 703.95 Td (outcome ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.37 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.10 703.95 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.25 703.95 Td (dispute, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.19 703.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.92 703.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.65 703.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.88 703.95 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.19 703.95 Td (receive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.35 691.35 Td (favorable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.86 691.35 Td (judgments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.47 691.35 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.50 691.35 Td (connection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.43 691.35 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.96 691.35 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.99 691.35 Td (matter) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.39 691.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.88 691.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.99 691.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.01 691.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.87 691.35 Td (local ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.14 691.35 Td (advisors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.00 691.35 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.02 691.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.04 691.35 Td (believe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.22 691.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.83 691.35 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.69 691.35 Td (tax ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (position ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.42 678.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.50 678.75 Td (correct, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.34 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.58 678.75 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.49 678.75 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.57 678.75 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.22 678.75 Td (likely ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.21 678.75 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.36 678.75 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.85 678.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.68 678.75 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.00 678.75 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.41 678.75 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.90 678.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.89 678.75 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.95 678.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.19 678.75 Td (pay ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.43 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.33 678.75 Td (taxes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.98 678.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.23 678.75 Td (question ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.88 678.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.71 678.75 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.94 678.75 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 666.15 Td (interest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.03 666.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.82 666.15 Td (penalties) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 640.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.41 640.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.60 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.59 640.95 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.83 640.95 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.32 640.95 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.22 640.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.38 640.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.95 640.95 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.34 640.95 Td (manage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.15 640.95 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.12 640.95 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.02 640.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.35 640.95 Td (actual ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.58 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.90 640.95 Td (threatened ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.78 640.95 Td (lawsuits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.36 640.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (governmental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.37 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.67 628.35 Td (self-regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.61 628.35 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.17 628.35 Td (ganization ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.04 628.35 Td (investigations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.51 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.81 628.35 Td (proceedings, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.30 628.35 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.60 628.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.49 628.35 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.29 628.35 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.75 628.35 Td (harm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.46 628.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.43 628.35 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (returns ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.29 615.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.66 615.75 Td (reputation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.86 615.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.23 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.69 615.75 Td (applicable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.46 615.75 Td (fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.34 615.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.71 615.75 Td (result ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.67 615.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.46 615.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.09 615.75 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.13 615.75 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.99 615.75 Td (being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.94 615.75 Td (liable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.90 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.69 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.15 615.75 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.11 615.75 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.98 615.75 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.77 615.75 Td (resulting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.14 615.75 Td (damages. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.94 603.15 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.90 603.15 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.68 603.15 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.55 603.15 Td (increased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.16 603.15 Td (incidence ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.35 603.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.05 603.15 Td (litigation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.93 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.05 603.15 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.16 603.15 Td (investigations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.46 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.58 603.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.37 603.15 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.75 603.15 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.35 603.15 Td (industry ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.73 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.86 603.15 Td (recent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (years, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.75 590.55 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.88 590.55 Td (customer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.85 590.55 Td (claims ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.73 590.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.94 590.55 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.49 590.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.71 590.55 Td (class ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.60 590.55 Td (action ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.72 590.55 Td (suits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.45 590.55 Td (seeking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.00 590.55 Td (substantial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.38 590.55 Td (damages. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.67 590.55 Td (Any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.22 590.55 Td (litigation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.61 590.55 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.65 590.55 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.52 590.55 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (expenses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.03 577.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.82 577.95 Td (reduce ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.42 577.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.04 577.95 Td (net ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.49 577.95 Td (income.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 552.75 Td (Insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.48 552.75 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.35 552.75 Td (Not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.72 552.75 Td (Be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.62 552.75 Td (A) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.85 552.75 Td (vailable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.29 552.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.01 552.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.88 552.75 Td (Cost-Ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.95 552.75 Td (fective ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.55 552.75 Td (Basis ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.52 552.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.31 552.75 Td (Protect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.84 552.75 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.39 552.75 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.52 552.75 Td (Liability) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 527.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.57 527.55 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.24 527.55 Td (face ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.72 527.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.55 527.55 Td (inherent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.96 527.55 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.72 527.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.47 527.55 Td (liability ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.14 527.55 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.71 527.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.89 527.55 Td (litigation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.81 527.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.22 527.55 Td (clients, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.27 527.55 Td (third-party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.17 527.55 Td (vendors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.42 527.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.18 527.55 Td (others ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.84 527.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.01 527.55 Td (actions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.76 527.55 Td (taken ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 514.95 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.24 514.95 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.63 514.95 Td (agencies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.40 514.95 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.08 514.95 Td (o ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.57 514.95 Td (help ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.89 514.95 Td (protect ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.28 514.95 Td (against ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.26 514.95 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.08 514.95 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.06 514.95 Td (liabilities, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.00 514.95 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.48 514.95 Td (purchase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.04 514.95 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.51 514.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.91 514.95 Td (amounts, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.36 514.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.76 514.95 Td (against ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 502.35 Td (risks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.50 502.35 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.78 502.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.56 502.35 Td (consider ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.67 502.35 Td (appropriate, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.64 502.35 Td (where ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.82 502.35 Td (such ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.61 502.35 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.37 502.35 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.91 502.35 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.34 502.35 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.46 502.35 Td (prices ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.06 502.35 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.84 502.35 Td (deem ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.12 502.35 Td (acceptable. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.47 502.35 Td (There ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.48 502.35 Td (can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.59 502.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.04 502.35 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.07 502.35 Td (assurance, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 489.75 Td (however) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.23 489.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.18 489.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.25 489.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.24 489.75 Td (claim ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.89 489.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.96 489.75 Td (claims ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.69 489.75 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.35 489.75 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.59 489.75 Td (covered ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.14 489.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.97 489.75 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.53 489.75 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.85 489.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.80 489.75 Td (if ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.54 489.75 Td (covered, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.72 489.75 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.38 489.75 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.12 489.75 Td (exceed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.59 489.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.75 489.75 Td (limits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.99 489.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.07 489.75 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.29 489.75 Td (insurance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 477.15 Td (coverage, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.03 477.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.79 477.15 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.96 477.15 Td (insurer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.13 477.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.48 477.15 Td (remain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.65 477.15 Td (solvent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.99 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.16 477.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.51 477.15 Td (meet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.93 477.15 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.87 477.15 Td (obligations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.55 477.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.73 477.15 Td (provide ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.82 477.15 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.17 477.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.85 477.15 Td (coverage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.75 477.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.51 477.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.27 477.15 Td (insurance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (coverage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.45 464.55 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.85 464.55 Td (continue ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.07 464.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.31 464.55 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.28 464.55 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.24 464.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.97 464.55 Td (suf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.62 464.55 Td (ficient ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.50 464.55 Td (limits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.49 464.55 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.13 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.86 464.55 Td (reasonable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.81 464.55 Td (cost. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.42 464.55 Td (Insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.29 464.55 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.36 464.55 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.24 464.55 Td (impacted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.79 464.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.36 464.55 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (conditions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.35 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.60 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.53 451.95 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.37 451.95 Td (profile ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.46 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.30 451.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.22 451.95 Td (insured ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.23 451.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.49 451.95 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.66 451.95 Td (increase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.15 451.95 Td (significantly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.74 451.95 Td (over ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.49 451.95 Td (relatively ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.23 451.95 Td (short ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.33 451.95 Td (periods. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.96 451.95 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.80 451.95 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.94 451.95 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.20 439.35 Td (coverage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.56 439.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.11 439.35 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.00 439.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.38 439.35 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.74 439.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.96 439.35 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.51 439.35 Td (only ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.64 439.35 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.02 439.35 Td (available ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.39 439.35 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.44 439.35 Td (prohibitive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.98 439.35 Td (costs. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.08 439.35 Td (Renewals ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.37 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.59 439.35 Td (insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.29 439.35 Td (policies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.42 439.35 Td (may ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (expose ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.28 426.75 Td (us ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.24 426.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.04 426.75 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.65 426.75 Td (costs ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.28 426.75 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.57 426.75 Td (higher ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.02 426.75 Td (premiums ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.64 426.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.01 426.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.46 426.75 Td (assumption ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.92 426.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.30 426.75 Td (higher ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.75 426.75 Td (deductibles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.19 426.75 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.56 426.75 Td (co-insurance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.83 426.75 Td (liability) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.81 426.75 Td (.) Tj ET Q
endstream
endobj
71 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 72 0 R>>
endobj
72 0 obj
<</Length 47557>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (33) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 741.90 Td (1B. ) Tj ET Q
q 0 0 0 rg BT 97.63 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 100.26 741.90 Td (UNRESOL) Tj ET Q
q 0 0 0 rg BT 150.06 741.90 Td (VED ) Tj ET Q
q 0 0 0 rg BT 174.85 741.90 Td (ST) Tj ET Q
q 0 0 0 rg BT 186.92 741.90 Td (AFF) Tj ET Q
q 0 0 0 rg BT 206.94 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 209.56 741.90 Td (COMMENTS.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 717.30 Td (None.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 692.70 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 692.70 Td (2. ) Tj ET Q
q 0 0 0 rg BT 90.63 692.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 93.25 692.70 Td (PROPER) Tj ET Q
q 0 0 0 rg BT 136.05 692.70 Td (TIES.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 668.10 Td ( ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 85.50 668.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.50 668.10 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.57 668.10 Td (e ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.78 668.10 Td (lease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.32 668.10 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.37 668.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.67 668.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.22 668.10 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.78 668.10 Td (fice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.07 668.10 Td (space. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.57 668.10 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.45 668.10 Td (headquarters ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.64 668.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.36 668.10 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.48 668.10 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.60 668.10 Td (functions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.24 668.10 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.61 668.10 Td (located ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.48 668.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.20 668.10 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.66 668.10 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.22 668.10 Td (fice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.51 668.10 Td (building ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 655.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.77 655.50 Td (Baltimore, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.49 655.50 Td (Maryland, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.04 655.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.31 655.50 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.08 655.50 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.42 655.50 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.43 655.50 Td (hold ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.20 655.50 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.21 655.50 Td (lease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.30 655.50 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.05 655.50 Td (346,000 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.28 655.50 Td (square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.79 655.50 Td (feet, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.25 655.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.10 655.50 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.86 655.50 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 642.90 Td (175,000 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.66 642.90 Td (square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.09 642.90 Td (feet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.86 642.90 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.89 642.90 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.75 642.90 Td (subleased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.60 642.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.80 642.90 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.67 642.90 Td (parties ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.69 642.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.88 642.90 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.16 642.90 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.85 642.90 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.13 642.90 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.98 642.90 Td (seeking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.09 642.90 Td (tenants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.86 642.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.06 642.90 Td (sublease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.67 642.90 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.61 642.90 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.63 642.90 Td (41,000 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 630.30 Td (square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.53 630.30 Td (feet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.89 630.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.26 630.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.71 630.30 Td (space.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 605.10 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.86 605.10 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.31 605.10 Td (managers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.58 605.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.77 605.10 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.38 605.10 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.00 605.10 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.85 605.10 Td (housed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.63 605.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.84 605.10 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.39 605.10 Td (fice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.17 605.10 Td (buildings ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.29 605.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.49 605.10 Td (37 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.03 605.10 Td (cities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.22 605.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.42 605.10 Td (17 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.96 605.10 Td (countries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.48 605.10 Td (around ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.68 605.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 592.50 Td (world. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.06 592.50 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.01 592.50 Td (lar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.89 592.50 Td (gest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.43 592.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.80 592.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.26 592.50 Td (leases ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.95 592.50 Td (include:) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 89.50 567.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 567.30 Td (ClearBridge ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.60 567.30 Td (Investments, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.40 567.30 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.47 567.30 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.27 567.30 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.38 567.30 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.97 567.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.91 567.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.69 567.30 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.89 567.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.83 567.30 Td (administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.68 567.30 Td (services ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 554.70 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.64 554.70 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.10 554.70 Td (occupy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.98 554.70 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.19 554.70 Td (130,000 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.87 554.70 Td (square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.84 554.70 Td (feet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.13 554.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.86 554.70 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.33 554.70 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.88 554.70 Td (fice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.18 554.70 Td (building ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.74 554.70 Td (located ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.62 554.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.35 554.70 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.35 554.70 Td (Y) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.88 554.70 Td (ork, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 542.10 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.88 542.10 Td (Y) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.41 542.10 Td (ork ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.41 542.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.57 542.10 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.23 542.10 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.47 542.10 Td (hold ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.14 542.10 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.04 542.10 Td (lease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.03 542.10 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.67 542.10 Td (193,000 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.80 542.10 Td (square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.20 542.10 Td (feet. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.34 542.10 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.66 542.10 Td (remaining ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.23 542.10 Td (63,000 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.10 542.10 Td (square ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 529.50 Td (feet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.86 529.50 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.48 529.50 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.93 529.50 Td (subleased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.38 529.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.17 529.50 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.45 529.50 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.91 529.50 Td (party;) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 89.50 516.90 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 516.90 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.57 516.90 Td (estern ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.72 516.90 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.71 516.90 Td (Management�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.44 516.90 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.19 516.90 Td (headquarters ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.49 516.90 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.16 516.90 Td (housed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.57 516.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.40 516.90 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.97 516.90 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.53 516.90 Td (fice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.93 516.90 Td (building ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.59 516.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.42 516.90 Td (Pasadena, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.78 516.90 Td (California ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.01 516.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.84 516.90 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 504.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.92 504.30 Td (occupy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.42 504.30 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.24 504.30 Td (190,000 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.54 504.30 Td (square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.12 504.30 Td (feet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.04 504.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.37 504.30 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.79 504.30 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.63 504.30 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.05 504.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.04 504.30 Td (seeking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.29 504.30 Td (tenants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.21 504.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.56 504.30 Td (sublease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.31 504.30 Td (9,300 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.11 504.30 Td (square ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 491.70 Td (feet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.86 491.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.23 491.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.69 491.70 Td (space; ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.55 491.70 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 89.50 479.10 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 479.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.31 479.10 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.55 479.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.53 479.10 Td (administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.41 479.10 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.05 479.10 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.44 479.10 Td (occupy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.58 479.10 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.05 479.10 Td (79,000 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.74 479.10 Td (square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.96 479.10 Td (feet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.51 479.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.49 479.10 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.22 479.10 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.78 479.10 Td (fice ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 466.50 Td (building ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.92 466.50 Td (located ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.66 466.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.25 466.50 Td (Stamford, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.38 466.50 Td (Connecticut ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.54 466.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.12 466.50 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.21 466.50 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.87 466.50 Td (hold ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.96 466.50 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.29 466.50 Td (lease ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.70 466.50 Td (approximately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.77 466.50 Td (137,000 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.31 466.50 Td (square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.14 466.50 Td (feet. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.50 453.90 Td (58,000 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.00 453.90 Td (square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.03 453.90 Td (feet ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.39 453.90 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.01 453.90 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.46 453.90 Td (subleased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.91 453.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.70 453.90 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.98 453.90 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.44 453.90 Td (party) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.33 453.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 428.70 Td (See ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.64 428.70 Td (Note ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.04 428.70 Td (8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.27 428.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.00 428.70 Td (Notes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.48 428.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.63 428.70 Td (Consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.02 428.70 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.08 428.70 Td (Statements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.14 428.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.29 428.70 Td (Item ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.52 428.70 Td (8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.75 428.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.48 428.70 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.63 428.70 Td (Report ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.19 428.70 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.42 428.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.06 428.70 Td (discussion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.80 428.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.53 428.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.51 428.70 Td (lease ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 416.10 Td (obligations.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 390.90 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 390.90 Td (3. ) Tj ET Q
q 0 0 0 rg BT 90.63 390.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 93.25 390.90 Td (LEGAL) Tj ET Q
q 0 0 0 rg BT 129.44 390.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 132.06 390.90 Td (PROCEEDINGS.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 365.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 365.70 Td (Our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.99 365.70 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.87 365.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.19 365.70 Td (former ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.91 365.70 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.65 365.70 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.63 365.70 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.60 365.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.59 365.70 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.48 365.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.39 365.70 Td (customer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.03 365.70 Td (complaints ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.27 365.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.58 365.70 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.56 365.70 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.63 365.70 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.61 365.70 Td (named ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.75 365.70 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 353.10 Td (defendants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.62 353.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.42 353.10 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.96 353.10 Td (legal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.00 353.10 Td (actions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.37 353.10 Td (arising ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.59 353.10 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.29 353.10 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.34 353.10 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.38 353.10 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.28 353.10 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.57 353.10 Td (brokerage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.18 353.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.97 353.10 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.68 353.10 Td (banking ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 340.50 Td (activities, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.10 340.50 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.83 340.50 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.46 340.50 Td (class ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.94 340.50 Td (actions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.38 340.50 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.11 340.50 Td (primarily ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.25 340.50 Td (allege ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.39 340.50 Td (violations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.88 340.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.69 340.50 Td (securities ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.41 340.50 Td (laws ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.73 340.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.96 340.50 Td (seek ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.69 340.50 Td (unspecified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.15 340.50 Td (damages, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 327.90 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.36 327.90 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.88 327.90 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.99 327.90 Td (substantial. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.73 327.90 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.67 327.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.70 327.90 Td (normal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.64 327.90 Td (course ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.24 327.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.19 327.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.38 327.90 Td (business, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.79 327.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.99 327.90 Td (current ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.92 327.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.27 327.90 Td (former ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.04 327.90 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.82 327.90 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.84 327.90 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.95 327.90 Td (received ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 315.30 Td (subpoenas ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.06 315.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.04 315.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.68 315.30 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.40 315.30 Td (involved ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.97 315.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.95 315.30 Td (governmental ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.50 315.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.49 315.30 Td (self-regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.11 315.30 Td (agency ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.66 315.30 Td (inquiries, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.85 315.30 Td (investigations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.01 315.30 Td (and, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.61 315.30 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.84 315.30 Td (time ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 302.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.88 302.70 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.37 302.70 Td (proceedings. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.71 302.70 Td (While ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.58 302.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.61 302.70 Td (ultimate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.23 302.70 Td (resolution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.44 302.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.39 302.70 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.76 302.70 Td (threatened ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.70 302.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.65 302.70 Td (pending ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.69 302.70 Td (litigation, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.44 302.70 Td (regulatory ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.80 302.70 Td (investigations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.34 302.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 290.10 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.62 290.10 Td (matters ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.07 290.10 Td (cannot ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.61 290.10 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.06 290.10 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.51 290.10 Td (determined, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.91 290.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.62 290.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.00 290.10 Td (opinion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.63 290.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.92 290.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.46 290.10 Td (management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.27 290.10 Td (after ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.05 290.10 Td (consultation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.93 290.10 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.14 290.10 Td (legal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.09 290.10 Td (counsel, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.34 290.10 Td (due ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 277.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.09 277.50 Td (part ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.84 277.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.43 277.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.68 277.50 Td (preliminary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.09 277.50 Td (nature ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.75 277.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.92 277.50 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.90 277.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.07 277.50 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.07 277.50 Td (matters, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.03 277.50 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.69 277.50 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.94 277.50 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.26 277.50 Td (unable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.67 277.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.26 277.50 Td (estimate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.67 277.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.92 277.50 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.84 277.50 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.01 277.50 Td (range ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.75 277.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 264.90 Td (potential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.45 264.90 Td (losses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.76 264.90 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.38 264.90 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.17 264.90 Td (matters, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.91 264.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.29 264.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.50 264.90 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.44 264.90 Td (condition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.94 264.90 Td (results ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.57 264.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.53 264.90 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.48 264.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.86 264.90 Td (cash ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.73 264.90 Td (flows ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.28 264.90 Td (could ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.82 264.90 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.94 264.90 Td (materially ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 252.30 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.47 252.30 Td (fected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.46 252.30 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.22 252.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.23 252.30 Td (period ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.41 252.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.92 252.30 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.93 252.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.94 252.30 Td (matter ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.11 252.30 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.46 252.30 Td (ultimately ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.38 252.30 Td (resolved. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.93 252.30 Td (See ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.44 252.30 Td (Note ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.20 252.30 Td (9 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.80 252.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.89 252.30 Td (Notes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.74 252.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.25 252.30 Td (Consolidated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.01 252.30 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.44 252.30 Td (Statements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 239.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.29 239.70 Td (Item ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.16 239.70 Td (8 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.03 239.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.41 239.70 Td (this ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.20 239.70 Td (Report.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 201.90 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 201.90 Td (4. ) Tj ET Q
q 0 0 0 rg BT 90.63 201.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 93.25 201.90 Td (MINE ) Tj ET Q
q 0 0 0 rg BT 124.46 201.90 Td (SAFETY) Tj ET Q
q 0 0 0 rg BT 165.50 201.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 168.12 201.90 Td (DISCLOSURES. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 176.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 176.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 88.13 176.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 90.75 176.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 93.38 176.70 Td (Not ) Tj ET Q
q 0 0 0 rg BT 111.17 176.70 Td (Applicable.) Tj ET Q
endstream
endobj
73 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 74 0 R>>
endobj
74 0 obj
<</Length 26400>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (34) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 286.95 741.90 Td (P) Tj ET Q
q 0 0 0 rg BT 292.58 741.90 Td (AR) Tj ET Q
q 0 0 0 rg BT 307.38 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 314.20 741.90 Td ( II) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 717.30 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.23 717.30 Td (5. ) Tj ET Q
q 0 0 0 rg BT 90.82 717.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 93.54 717.30 Td (MARKET) Tj ET Q
q 0 0 0 rg BT 140.60 717.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 143.33 717.30 Td (FOR ) Tj ET Q
q 0 0 0 rg BT 168.21 717.30 Td (REGISTRANT'S ) Tj ET Q
q 0 0 0 rg BT 249.13 717.30 Td (COMMON ) Tj ET Q
q 0 0 0 rg BT 303.17 717.30 Td (EQUITY) Tj ET Q
q 0 0 0 rg BT 343.63 717.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 348.98 717.30 Td (RELA) Tj ET Q
q 0 0 0 rg BT 377.37 717.30 Td (TED ) Tj ET Q
q 0 0 0 rg BT 401.68 717.30 Td (ST) Tj ET Q
q 0 0 0 rg BT 414.34 717.30 Td (OCKHOLDER ) Tj ET Q
q 0 0 0 rg BT 486.48 717.30 Td (MA) Tj ET Q
q 0 0 0 rg BT 503.20 717.30 Td (TTERS ) Tj ET Q
q 0 0 0 rg BT 539.75 717.30 Td (AND ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.70 Td (ISSUER ) Tj ET Q
q 0 0 0 rg BT 90.06 704.70 Td (PURCHASES ) Tj ET Q
q 0 0 0 rg BT 156.28 704.70 Td (OF) Tj ET Q
q 0 0 0 rg BT 170.47 704.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 173.10 704.70 Td (EQUITY) Tj ET Q
q 0 0 0 rg BT 214.14 704.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 216.76 704.70 Td (SECURITIES.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 680.10 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 80.73 680.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 92.72 680.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 117.53 680.10 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 170.63 680.10 Td (common ) Tj ET Q
q 0 0 0 rg BT 210.62 680.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 236.02 680.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 252.07 680.10 Td (listed ) Tj ET Q
q 0 0 0 rg BT 278.06 680.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 296.46 680.10 Td (traded ) Tj ET Q
q 0 0 0 rg BT 325.93 680.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 339.67 680.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 355.74 680.10 Td (New ) Tj ET Q
q 0 0 0 rg BT 378.32 680.10 Td (Y) Tj ET Q
q 0 0 0 rg BT 384.85 680.10 Td (ork ) Tj ET Q
q 0 0 0 rg BT 402.09 680.10 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 429.24 680.10 Td (Exchange ) Tj ET Q
q 0 0 0 rg BT 473.88 680.10 Td (\(symbol: ) Tj ET Q
q 0 0 0 rg BT 514.45 680.10 Td (LM\). ) Tj ET Q
q 0 0 0 rg BT 538.84 680.10 Td (As ) Tj ET Q
q 0 0 0 rg BT 553.75 680.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 667.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 79.12 667.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 94.47 667.50 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 115.47 667.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 120.31 667.50 Td (there ) Tj ET Q
q 0 0 0 rg BT 143.51 667.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 166.13 667.50 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 229.00 667.50 Td (1,000 ) Tj ET Q
q 0 0 0 rg BT 254.85 667.50 Td (holders ) Tj ET Q
q 0 0 0 rg BT 287.98 667.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 298.94 667.50 Td (record ) Tj ET Q
q 0 0 0 rg BT 327.97 667.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 338.94 667.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 362.73 667.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 393.53 667.50 Td (common ) Tj ET Q
q 0 0 0 rg BT 432.50 667.50 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 459.51 667.50 Td (Information ) Tj ET Q
q 0 0 0 rg BT 511.88 667.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 532.77 667.50 Td (respect ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 654.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.29 654.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 76.91 654.90 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 120.37 654.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 130.00 654.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 141.37 654.90 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310 632.4 m
370 632.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370 632.4 m
374 632.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 632.4 m
434 632.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434 632.4 m
438 632.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 632.4 m
498 632.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 632.4 m
502 632.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 632.4 m
562 632.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310 620.4 m
370 620.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 620.4 m
434 620.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 620.4 m
498 620.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 620.4 m
562 620.4 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 402.45 634.84 Td (Quarter) Tj ET Q
q 0 0 0 rg BT 439.09 634.84 Td ( ended) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 322.15 622.84 Td (Mar) Tj ET Q
q 0 0 0 rg BT 341.49 622.84 Td (.�31) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 387.15 622.84 Td (Dec.�31) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 449.70 622.84 Td (Sept.�30) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 514.10 622.84 Td (June�30) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 610.79 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 81.18 610.79 Td (Y) Tj ET Q
q 0 0 0 rg BT 87.98 610.79 Td (ear) Tj ET Q
q 0 0 0 rg BT 101.88 610.79 Td ( 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 597.62 Td (Cash dividend declared per share) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 312.50 597.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.60 597.62 Td (0.40) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 376.50 597.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.60 597.62 Td (0.40) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 597.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.60 597.62 Td (0.40) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 597.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 597.62 Td (0.40) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 583.79 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 80.98 583.79 Td (Y) Tj ET Q
q 0 0 0 rg BT 87.40 583.79 Td (ear) Tj ET Q
q 0 0 0 rg BT 101.78 583.79 Td ( 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 570.62 Td (Cash dividend declared per share) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 312.50 570.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.60 570.62 Td (0.34) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 376.50 570.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.60 570.62 Td (0.34) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 570.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.60 570.62 Td (0.34) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 570.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 570.62 Td (0.34) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 542.30 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 542.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.25 542.30 Td (expect ) Tj ET Q
q 0 0 0 rg BT 94.66 542.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 104.84 542.30 Td (continue ) Tj ET Q
q 0 0 0 rg BT 143.01 542.30 Td (paying ) Tj ET Q
q 0 0 0 rg BT 173.61 542.30 Td (cash ) Tj ET Q
q 0 0 0 rg BT 194.28 542.30 Td (dividends. ) Tj ET Q
q 0 0 0 rg BT 239.75 542.30 Td (However) Tj ET Q
q 0 0 0 rg BT 277.82 542.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 282.46 542.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 297.30 542.30 Td (declaration ) Tj ET Q
q 0 0 0 rg BT 345.96 542.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 356.72 542.30 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 399.56 542.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 408.58 542.30 Td (subject ) Tj ET Q
q 0 0 0 rg BT 440.34 542.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 450.52 542.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 465.37 542.30 Td (terms ) Tj ET Q
q 0 0 0 rg BT 490.71 542.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 501.47 542.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 515.87 542.30 Td (Agreement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 529.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.53 529.70 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 89.06 529.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 100.67 529.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 117.97 529.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 134.25 529.70 Td (\("Mer) Tj ET Q
q 0 0 0 rg BT 159.33 529.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 174.97 529.70 Td (Agreement"\) ) Tj ET Q
q 0 0 0 rg BT 232.27 529.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 253.80 529.70 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 292.04 529.70 Td (T) Tj ET Q
q 0 0 0 rg BT 297.72 529.70 Td (empleton, ) Tj ET Q
q 0 0 0 rg BT 342.28 529.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 353.90 529.70 Td (further ) Tj ET Q
q 0 0 0 rg BT 385.33 529.70 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 428.44 529.70 Td (below) Tj ET Q
q 0 0 0 rg BT 453.42 529.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 458.91 529.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 476.93 529.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.63 529.70 Td (discretion ) Tj ET Q
q 0 0 0 rg BT 536.90 529.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.51 529.70 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 517.10 Td (Board ) Tj ET Q
q 0 0 0 rg BT 78.79 517.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 91.17 517.10 Td (Directors. ) Tj ET Q
q 0 0 0 rg BT 136.50 517.10 Td (Particularly ) Tj ET Q
q 0 0 0 rg BT 189.12 517.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 200.92 517.10 Td (this ) Tj ET Q
q 0 0 0 rg BT 219.72 517.10 Td (time ) Tj ET Q
q 0 0 0 rg BT 242.01 517.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.39 517.10 Td (heightened ) Tj ET Q
q 0 0 0 rg BT 304.09 517.10 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 354.96 517.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 373.75 517.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 385.55 517.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.01 517.10 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 452.89 517.10 Td (pandemic, ) Tj ET Q
q 0 0 0 rg BT 499.96 517.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 511.76 517.10 Td (determining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 504.50 Td (whether ) Tj ET Q
q 0 0 0 rg BT 85.53 504.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 95.92 504.50 Td (declare ) Tj ET Q
q 0 0 0 rg BT 128.44 504.50 Td (dividends, ) Tj ET Q
q 0 0 0 rg BT 174.11 504.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 185.08 504.50 Td (how ) Tj ET Q
q 0 0 0 rg BT 205.38 504.50 Td (much ) Tj ET Q
q 0 0 0 rg BT 230.92 504.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 241.31 504.50 Td (declare ) Tj ET Q
q 0 0 0 rg BT 273.83 504.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 284.21 504.50 Td (dividends, ) Tj ET Q
q 0 0 0 rg BT 329.89 504.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 346.10 504.50 Td (Board ) Tj ET Q
q 0 0 0 rg BT 373.98 504.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 392.53 504.50 Td (consider ) Tj ET Q
q 0 0 0 rg BT 430.31 504.50 Td (factors ) Tj ET Q
q 0 0 0 rg BT 461.10 504.50 Td (it ) Tj ET Q
q 0 0 0 rg BT 469.15 504.50 Td (deems ) Tj ET Q
q 0 0 0 rg BT 498.19 504.50 Td (relevant, ) Tj ET Q
q 0 0 0 rg BT 536.85 504.50 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 491.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 70.40 491.90 Td (include ) Tj ET Q
q 0 0 0 rg BT 104.13 491.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 120.96 491.90 Td (results ) Tj ET Q
q 0 0 0 rg BT 151.20 491.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.77 491.90 Td (operations ) Tj ET Q
q 0 0 0 rg BT 209.33 491.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 227.32 491.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 266.88 491.90 Td (condition, ) Tj ET Q
q 0 0 0 rg BT 311.99 491.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 328.81 491.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 368.37 491.90 Td (requirements, ) Tj ET Q
q 0 0 0 rg BT 428.63 491.90 Td (general ) Tj ET Q
q 0 0 0 rg BT 462.35 491.90 Td (business ) Tj ET Q
q 0 0 0 rg BT 500.76 491.90 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 547.34 491.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 479.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.18 479.30 Td (availability ) Tj ET Q
q 0 0 0 rg BT 115.27 479.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 126.88 479.30 Td (funds ) Tj ET Q
q 0 0 0 rg BT 153.06 479.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 176.33 479.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 193.18 479.30 Td (subsidiaries, ) Tj ET Q
q 0 0 0 rg BT 248.24 479.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 290.76 479.30 Td (all ) Tj ET Q
q 0 0 0 rg BT 304.11 479.30 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 353.62 479.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 366.97 479.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 382.65 479.30 Td (ability ) Tj ET Q
q 0 0 0 rg BT 412.34 479.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 423.94 479.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 440.79 479.30 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 493.23 479.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 504.25 479.30 Td (provide ) Tj ET Q
q 0 0 0 rg BT 539.18 479.30 Td (funds ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 466.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.29 466.70 Td (us.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 442.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.40 442.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 85.71 442.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 101.12 442.10 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 150.34 442.10 Td (limits ) Tj ET Q
q 0 0 0 rg BT 176.84 442.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 193.42 442.10 Td (ability ) Tj ET Q
q 0 0 0 rg BT 222.82 442.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 233.57 442.10 Td (pay ) Tj ET Q
q 0 0 0 rg BT 251.30 442.10 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 294.71 442.10 Td (while ) Tj ET Q
q 0 0 0 rg BT 320.62 442.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 336.02 442.10 Td (mer) Tj ET Q
q 0 0 0 rg BT 352.16 442.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 368.14 442.10 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 416.78 442.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 426.36 442.10 Td (pending; ) Tj ET Q
q 0 0 0 rg BT 465.68 442.10 Td (however) Tj ET Q
q 0 0 0 rg BT 501.41 442.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 506.62 442.10 Td (subject ) Tj ET Q
q 0 0 0 rg BT 538.93 442.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.68 442.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 429.50 Td (approval ) Tj ET Q
q 0 0 0 rg BT 89.07 429.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 100.64 429.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 117.47 429.50 Td (Board ) Tj ET Q
q 0 0 0 rg BT 145.96 429.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 157.54 429.50 Td (Directors, ) Tj ET Q
q 0 0 0 rg BT 202.06 429.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 217.13 429.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 238.04 429.50 Td (continue ) Tj ET Q
q 0 0 0 rg BT 277.03 429.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 288.03 429.50 Td (pay ) Tj ET Q
q 0 0 0 rg BT 306.02 429.50 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 346.75 429.50 Td (cash ) Tj ET Q
q 0 0 0 rg BT 368.23 429.50 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 411.90 429.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 428.14 429.50 Td (exceeding ) Tj ET Q
q 0 0 0 rg BT 473.53 429.50 Td ($0.40 ) Tj ET Q
q 0 0 0 rg BT 499.99 429.50 Td (per ) Tj ET Q
q 0 0 0 rg BT 516.23 429.50 Td (share, ) Tj ET Q
q 0 0 0 rg BT 543.84 429.50 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 416.90 Td (declaration, ) Tj ET Q
q 0 0 0 rg BT 101.39 416.90 Td (record ) Tj ET Q
q 0 0 0 rg BT 130.83 416.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 148.62 416.90 Td (payment ) Tj ET Q
q 0 0 0 rg BT 187.40 416.90 Td (dates ) Tj ET Q
q 0 0 0 rg BT 211.60 416.90 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 267.30 416.90 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 311.93 416.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 333.22 416.90 Td (those ) Tj ET Q
q 0 0 0 rg BT 358.01 416.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 378.71 416.90 Td (during ) Tj ET Q
q 0 0 0 rg BT 408.75 416.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 434.12 416.90 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 392.30 Td (On ) Tj ET Q
q 0 0 0 rg BT 64.58 392.30 Td (April ) Tj ET Q
q 0 0 0 rg BT 89.64 392.30 Td (28, ) Tj ET Q
q 0 0 0 rg BT 105.65 392.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 132.16 392.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 149.05 392.30 Td (Board ) Tj ET Q
q 0 0 0 rg BT 177.59 392.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 189.23 392.30 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 231.18 392.30 Td (declared ) Tj ET Q
q 0 0 0 rg BT 269.63 392.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 277.18 392.30 Td (regular) Tj ET Q
q 0 0 0 rg BT 306.49 392.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 312.00 392.30 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 352.79 392.30 Td (cash ) Tj ET Q
q 0 0 0 rg BT 374.33 392.30 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 413.97 392.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 425.60 392.30 Td ($0.40 ) Tj ET Q
q 0 0 0 rg BT 452.11 392.30 Td (per ) Tj ET Q
q 0 0 0 rg BT 468.41 392.30 Td (share, ) Tj ET Q
q 0 0 0 rg BT 496.08 392.30 Td (payable ) Tj ET Q
q 0 0 0 rg BT 531.61 392.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 545.00 392.30 Td (July ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 379.70 Td (13, ) Tj ET Q
q 0 0 0 rg BT 65.25 379.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 88.88 379.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 99.67 379.70 Td (shareholders ) Tj ET Q
q 0 0 0 rg BT 155.36 379.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 166.73 379.70 Td (record ) Tj ET Q
q 0 0 0 rg BT 196.17 379.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 206.37 379.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 221.83 379.70 Td (close ) Tj ET Q
q 0 0 0 rg BT 246.03 379.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.40 379.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 295.61 379.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 308.73 379.70 Td (June ) Tj ET Q
q 0 0 0 rg BT 330.61 379.70 Td (16, ) Tj ET Q
q 0 0 0 rg BT 346.36 379.70 Td (2020.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 355.10 Td (Pur) Tj ET Q
q 0 0 0 rg BT 66.22 355.10 Td (chases ) Tj ET Q
q 0 0 0 rg BT 97.43 355.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.81 355.10 Td (our) Tj ET Q
q 0 0 0 rg BT 124.37 355.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 126.99 355.10 Td (Common ) Tj ET Q
q 0 0 0 rg BT 171.03 355.10 Td (Stock) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 330.50 Td (The following table sets out information regarding our purchases of Legg Mason common stock during the quarter ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 317.90 Td (March 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 116.28 317.90 Td (:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 234.39999999999998 m
174 234.39999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178 234.39999999999998 m
249 234.39999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
253 234.39999999999998 m
319 234.39999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323 234.39999999999998 m
436 234.39999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440 234.39999999999998 m
563 234.39999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 162.39999999999998 m
174 162.39999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 148.39999999999998 m
174 148.39999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178 162.39999999999998 m
249 162.39999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178 148.39999999999998 m
249 148.39999999999998 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 96.60 239.19 Td (Period) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 206.85 272.69 Td (\(a\)         ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 182.50 261.19 Td (T) Tj ET Q
q 0 0 0 rg BT 188.54 261.19 Td (otal number) Tj ET Q
q 0 0 0 rg BT 243.48 261.19 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 193.10 250.69 Td (of shar) Tj ET Q
q 0 0 0 rg BT 224.12 250.69 Td (es) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 185.75 239.19 Td (pur) Tj ET Q
q 0 0 0 rg BT 201.90 239.19 Td (chased) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 232.24 243.95 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 240.19 239.19 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 279.05 283.19 Td (\(b\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 267.20 271.69 Td (A) Tj ET Q
q 0 0 0 rg BT 274.00 271.69 Td (verage ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 274.10 261.19 Td (price) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 266.75 249.69 Td (paid per) Tj ET Q
q 0 0 0 rg BT 304.19 249.69 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 268.05 239.19 Td (shar) Tj ET Q
q 0 0 0 rg BT 287.70 239.19 Td (e ) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 294.98 243.95 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 373.15 296.69 Td (\(c\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 342.80 285.19 Td (T) Tj ET Q
q 0 0 0 rg BT 348.84 285.19 Td (otal number) Tj ET Q
q 0 0 0 rg BT 403.78 285.19 Td ( of) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 340.20 273.69 Td (shar) Tj ET Q
q 0 0 0 rg BT 359.85 273.69 Td (es pur) Tj ET Q
q 0 0 0 rg BT 387.37 273.69 Td (chased) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 357.70 262.19 Td (as part of) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 335.05 250.69 Td (publicly announced) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 337.75 239.19 Td (plans or) Tj ET Q
q 0 0 0 rg BT 374.03 239.19 Td ( pr) Tj ET Q
q 0 0 0 rg BT 386.96 239.19 Td (ograms) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 494.55 295.69 Td (\(d\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 443.40 284.19 Td (Appr) Tj ET Q
q 0 0 0 rg BT 467.13 284.19 Td (oximate dollar) Tj ET Q
q 0 0 0 rg BT 531.98 284.19 Td ( value ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 481.00 273.69 Td (that may) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 463.15 262.19 Td (yet be pur) Tj ET Q
q 0 0 0 rg BT 508.46 262.19 Td (chased) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 466.05 250.69 Td (under) Tj ET Q
q 0 0 0 rg BT 492.70 250.69 Td ( the plans) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 473.05 239.19 Td (or) Tj ET Q
q 0 0 0 rg BT 482.77 239.19 Td ( pr) Tj ET Q
q 0 0 0 rg BT 495.71 239.19 Td (ograms) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 224.62 Td (January�1, 2020 ) Tj ET Q
q 0 0 0 rg BT 121.81 224.62 Td (Through) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 214.12 Td (January�31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 216.10 215.17 Td (42,486) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 255.50 215.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.35 215.17 Td (35.65) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.50 215.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 442.50 215.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.50 215.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 200.62 Td (February�1, 2020 ) Tj ET Q
q 0 0 0 rg BT 127.06 200.62 Td (Through) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 190.12 Td (February�29, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 229.25 191.17 Td (328) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.35 191.17 Td (39.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.50 191.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.50 191.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 176.62 Td (March�1, 2020 ) Tj ET Q
q 0 0 0 rg BT 116.46 176.62 Td (Through) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 166.12 Td (March�31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 229.25 167.17 Td (376) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.35 167.17 Td (48.65) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.50 167.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.50 167.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 152.62 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 152.62 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 216.10 152.62 Td (43,190) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 255.50 152.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.35 152.62 Td (35.79) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.50 152.62 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 138.70 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 67.50 138.70 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 98.66 138.70 Td (shares ) Tj ET Q
q 0 0 0 rg BT 122.26 138.70 Td (received ) Tj ET Q
q 0 0 0 rg BT 153.40 138.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 164.26 138.70 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 191.18 138.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 200.62 138.70 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 234.60 138.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 254.91 138.70 Td (units, ) Tj ET Q
q 0 0 0 rg BT 275.92 138.70 Td (surrendered ) Tj ET Q
q 0 0 0 rg BT 318.40 138.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 327.38 138.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 347.20 138.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 372.70 138.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 381.67 138.70 Td (satisfy ) Tj ET Q
q 0 0 0 rg BT 406.23 138.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 431.71 138.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 459.09 138.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 471.84 138.70 Td (withholding ) Tj ET Q
q 0 0 0 rg BT 515.28 138.70 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 555.42 138.70 Td (of ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 128.50 Td (employees ) Tj ET Q
q 0 0 0 rg BT 105.98 128.50 Td (via ) Tj ET Q
q 0 0 0 rg BT 118.49 128.50 Td (net ) Tj ET Q
q 0 0 0 rg BT 131.00 128.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 151.05 128.50 Td (transactions.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 118.30 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 67.50 118.30 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 100.80 118.30 Td (exclude ) Tj ET Q
q 0 0 0 rg BT 129.35 118.30 Td (fees. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 93.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.08 93.10 Td (terms ) Tj ET Q
q 0 0 0 rg BT 93.66 93.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 104.66 93.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.74 93.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 137.04 93.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 152.20 93.10 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 201.10 93.10 Td (restrict ) Tj ET Q
q 0 0 0 rg BT 232.51 93.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 248.75 93.10 Td (ability ) Tj ET Q
q 0 0 0 rg BT 277.84 93.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 288.26 93.10 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 327.82 93.10 Td (shares ) Tj ET Q
q 0 0 0 rg BT 356.32 93.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 367.31 93.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 383.56 93.10 Td (common ) Tj ET Q
q 0 0 0 rg BT 422.56 93.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 446.98 93.10 Td (while ) Tj ET Q
q 0 0 0 rg BT 472.56 93.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.64 93.10 Td (mer) Tj ET Q
q 0 0 0 rg BT 503.77 93.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 519.43 93.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 528.69 93.10 Td (pending ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 80.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 73.70 80.50 Td (than ) Tj ET Q
q 0 0 0 rg BT 94.40 80.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 125.59 80.50 Td (exceptions ) Tj ET Q
q 0 0 0 rg BT 173.12 80.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 215.41 80.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 226.20 80.50 Td (connection ) Tj ET Q
q 0 0 0 rg BT 274.89 80.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 296.19 80.50 Td (net ) Tj ET Q
q 0 0 0 rg BT 311.64 80.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 336.42 80.50 Td (settlements ) Tj ET Q
q 0 0 0 rg BT 386.28 80.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 397.66 80.50 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 449.28 80.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 478.15 80.50 Td (awards.) Tj ET Q
endstream
endobj
75 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 76 0 R>>
endobj
76 0 obj
<</Length 7885>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (35) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 55.54 741.90 Td (otal ) Tj ET Q
q 0 0 0 rg BT 75.08 741.90 Td (Return ) Tj ET Q
q 0 0 0 rg BT 109.78 741.90 Td (Performance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.63 716.70 Td (graph ) Tj ET Q
q 0 0 0 rg BT 95.33 716.70 Td (below ) Tj ET Q
q 0 0 0 rg BT 123.80 716.70 Td (compares ) Tj ET Q
q 0 0 0 rg BT 166.83 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 182.46 716.70 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 231.91 716.70 Td (total ) Tj ET Q
q 0 0 0 rg BT 253.37 716.70 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 305.16 716.70 Td (return ) Tj ET Q
q 0 0 0 rg BT 333.04 716.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 346.34 716.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 370.71 716.70 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 408.08 716.70 Td (common ) Tj ET Q
q 0 0 0 rg BT 447.62 716.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 472.59 716.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 487.63 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 503.26 716.70 Td (last ) Tj ET Q
q 0 0 0 rg BT 520.64 716.70 Td (five ) Tj ET Q
q 0 0 0 rg BT 539.77 716.70 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 74.18 704.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 95.38 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 110.73 704.10 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 159.91 704.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 181.10 704.10 Td (return ) Tj ET Q
q 0 0 0 rg BT 208.69 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 219.97 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 235.32 704.10 Td (S&P) Tj ET Q
q 0 0 0 rg BT 254.78 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 257.31 704.10 Td (500 ) Tj ET Q
q 0 0 0 rg BT 275.58 704.10 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 302.03 704.10 Td (Index ) Tj ET Q
q 0 0 0 rg BT 328.46 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 346.15 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.50 704.10 Td (SNL) Tj ET Q
q 0 0 0 rg BT 380.95 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 382.92 704.10 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 408.78 704.10 Td (Manager ) Tj ET Q
q 0 0 0 rg BT 448.62 704.10 Td (Index ) Tj ET Q
q 0 0 0 rg BT 475.05 704.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 496.24 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 511.59 704.10 Td (same ) Tj ET Q
q 0 0 0 rg BT 535.69 704.10 Td (period ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (\(assuming ) Tj ET Q
q 0 0 0 rg BT 94.05 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 108.27 691.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 155.74 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.87 691.50 Td ($100 ) Tj ET Q
q 0 0 0 rg BT 188.26 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 197.81 691.50 Td (each ) Tj ET Q
q 0 0 0 rg BT 218.43 691.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 230.32 691.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 259.11 691.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 273.63 691.50 Td (2015\). ) Tj ET Q
q 0 0 0 rg BT 302.14 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 303.43 691.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 321.14 691.50 Td (SNL) Tj ET Q
q 0 0 0 rg BT 340.59 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 341.67 691.50 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 366.39 691.50 Td (Manager ) Tj ET Q
q 0 0 0 rg BT 405.09 691.50 Td (Index ) Tj ET Q
q 0 0 0 rg BT 430.39 691.50 Td (consists ) Tj ET Q
q 0 0 0 rg BT 465.03 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 475.17 691.50 Td (40 ) Tj ET Q
q 0 0 0 rg BT 487.05 691.50 Td (asset ) Tj ET Q
q 0 0 0 rg BT 508.85 691.50 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (firms.) Tj ET Q
/GS0 gs
q 411.00 0 0 271.00 100.50 402.90 cm
/I24 Do Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
242 364.8 m
292 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
292 364.8 m
296 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
296 364.8 m
346 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
346 364.8 m
350 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
350 364.8 m
400 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
400 364.8 m
404 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
404 364.8 m
454 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
454 364.8 m
458 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
458 364.8 m
508 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508 364.8 m
512 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
512 364.8 m
562 364.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 349.8 m
238 349.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
242 349.8 m
292 349.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
296 349.8 m
346 349.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
350 349.8 m
400 349.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
404 349.8 m
454 349.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
458 349.8 m
508 349.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
512 349.8 m
562 349.8 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 352.15 369.57 Td (Y) Tj ET Q
q 0 0 0 rg BT 359.21 369.57 Td (ears Ended March 31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 354.57 Td (Index) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 256.00 354.57 Td (2015) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 310.00 354.57 Td (2016) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 364.00 354.57 Td (2017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.00 354.57 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 472.00 354.57 Td (2019) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 526.00 354.59 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 339.57 Td (Legg Mason, Inc.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.50 339.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 259.10 339.57 Td (100.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.50 339.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.35 339.57 Td (64.08) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 352.50 339.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.35 339.57 Td (68.49) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.50 339.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.35 339.57 Td (79.28) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.50 339.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.35 339.57 Td (55.89) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 514.50 339.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 529.10 339.59 Td (104.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 324.57 Td (S&P) Tj ET Q
q 0 0 0 rg BT 71.15 324.57 Td ( 500 Index) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 259.10 324.57 Td (100.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 313.10 324.57 Td (101.78) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 367.10 324.57 Td (1) Tj ET Q
q 0 0 0 rg BT 372.35 324.57 Td (19.26) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.10 324.57 Td (135.95) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.10 324.57 Td (148.86) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 529.10 324.59 Td (138.47) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 309.57 Td (SNL) Tj ET Q
q 0 0 0 rg BT 70.95 309.57 Td ( ) Tj ET Q
q 0 0 0 rg BT 72.99 309.57 Td (Asset Manager Index) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 259.10 309.57 Td (100.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.35 309.57 Td (82.79) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.35 309.57 Td (92.39) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.10 309.57 Td (1) Tj ET Q
q 0 0 0 rg BT 426.35 309.57 Td (13.89) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.10 309.57 Td (100.63) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 534.35 309.59 Td (96.23) Tj ET Q
BT /F1 10.00 Tf ET
BT /F6 8.50 Tf ET
q 0 0 0 rg BT 49.50 295.10 Td (Prepared by S&P) Tj ET Q
q 0 0 0 rg BT 110.09 295.10 Td ( Global Market Intelligence, a division of S&P) Tj ET Q
q 0 0 0 rg BT 272.70 295.10 Td ( Global Inc.) Tj ET Q
endstream
endobj
77 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 78 0 R>>
endobj
78 0 obj
<</Length 32535>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (36) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (ITEM 6.  SELECTED FINANCIAL) Tj ET Q
q 0 0 0 rg BT 210.83 741.90 Td ( DA) Tj ET Q
q 0 0 0 rg BT 227.84 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 234.06 741.90 Td (A. ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 67.50 729.30 Td (\(Dollars in thousands, except per shar) Tj ET Q
q 0 0 0 rg BT 228.69 729.30 Td (e amounts or unless otherwise noted\) ) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 705.8 m
349 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 705.8 m
353 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 705.8 m
402 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 705.8 m
456 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
456 705.8 m
460 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 705.8 m
509 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
509 705.8 m
513 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 705.8 m
562 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
68 692.8 m
296 692.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 692.8 m
349 692.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 705.8 m
402 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 692.8 m
402 692.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
402 705.8 m
406 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 705.8 m
456 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 692.8 m
456 692.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 705.8 m
509 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 692.8 m
509 692.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
509 705.8 m
513 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 705.8 m
562 705.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 692.8 m
562 692.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 692.8 m
349 692.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
68 644.8 m
296 644.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 644.8 m
349 644.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 644.8 m
402 644.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 644.8 m
456 644.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 644.8 m
509 644.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 644.8 m
562 644.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 644.8 m
509 644.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 644.8 m
562 644.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
68 598.8 m
296 598.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 598.8 m
349 598.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 598.8 m
402 598.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 598.8 m
456 598.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 598.8 m
349 598.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 598.8 m
402 598.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 598.8 m
456 598.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 598.8 m
509 598.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 598.8 m
562 598.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
68 574.8 m
296 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 574.8 m
349 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 574.8 m
402 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 574.8 m
456 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 574.8 m
509 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 574.8 m
562 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 574.8 m
349 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 574.8 m
402 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 574.8 m
456 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 574.8 m
509 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 574.8 m
562 574.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
68 550.8 m
296 550.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 550.8 m
349 550.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 550.8 m
402 550.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 550.8 m
456 550.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 550.8 m
509 550.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 550.8 m
562 550.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
68 538.8 m
296 538.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 538.8 m
349 538.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 538.8 m
402 538.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 538.8 m
456 538.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 538.8 m
509 538.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 538.8 m
562 538.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
68 380.79999999999995 m
296 380.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 380.79999999999995 m
349 380.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 380.79999999999995 m
402 380.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 380.79999999999995 m
456 380.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 380.79999999999995 m
509 380.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 380.79999999999995 m
562 380.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
68 260.79999999999995 m
296 260.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 260.79999999999995 m
349 260.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 260.79999999999995 m
402 260.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406 260.79999999999995 m
456 260.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460 260.79999999999995 m
509 260.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513 260.79999999999995 m
562 260.79999999999995 l
s
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 393.55 710.05 Td (Y) Tj ET Q
q 0 0 0 rg BT 398.93 710.05 Td (ears ended March 31,) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 316.00 697.03 Td (2020) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 369.00 697.05 Td (2019) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.50 697.05 Td (2018) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.00 697.05 Td (2017) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 529.00 697.05 Td (2016) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 70.50 684.88 Td (OPERA) Tj ET Q
q 0 0 0 rg BT 98.20 684.88 Td (TING RESUL) Tj ET Q
q 0 0 0 rg BT 146.66 684.88 Td (TS) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 672.75 Td (Operating Revenues) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 672.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 308.50 672.88 Td (2,922,125) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 672.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 362.75 672.75 Td (2,903,259) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 672.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 416.75 672.75 Td (3,140,322) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 462.50 672.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 469.75 672.75 Td (2,886,902) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 515.50 672.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 522.75 672.75 Td (2,660,844) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 660.75 Td (Operating expenses, excluding impairment) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 308.50 660.88 Td (2,416,965) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 362.75 660.75 Td (2,434,957) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 416.75 660.75 Td (2,587,321) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 469.75 660.75 Td (2,429,659) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 522.75 660.75 Td (2,239,013) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 648.75 Td (Impairment of intangible assets) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 332.50 648.88 Td (�) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 368.75 648.75 Td (365,200) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.75 648.75 Td (229,000) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 479.75 648.75 Td (35,000) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 528.75 648.75 Td (371,000) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 636.75 Td (Operating Income) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 314.50 636.88 Td (505,160) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 368.75 636.75 Td (103,102) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.75 636.75 Td (324,001) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 475.75 636.75 Td (422,243) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 532.75 636.75 Td (50,831) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 624.05 Td (Non-operating expense, net) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 311.80 624.03 Td (\(1) Tj ET Q
q 0 0 0 rg BT 318.46 624.03 Td (10,888) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 340.50 624.03 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 370.10 624.05 Td (\(74,042) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.80 624.05 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 424.10 624.05 Td (\(99,942) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 448.80 624.05 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 477.10 624.05 Td (\(64,694) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 501.80 624.05 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 530.10 624.05 Td (\(68,806) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 624.05 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 611.05 Td (Non-operating income \(expense\) of consolidated investment) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 79.50 603.05 Td (vehicles, net) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 318.50 603.03 Td (16,262) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 380.10 603.05 Td (\(565) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.80 603.05 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 430.75 603.05 Td (9,781) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 479.75 603.05 Td (13,329) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 534.10 603.05 Td (\(7,243) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 603.05 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 590.75 Td (Income \(Loss\) before Income ) Tj ET Q
q 0 0 0 rg BT 167.28 590.75 Td (T) Tj ET Q
q 0 0 0 rg BT 171.81 590.75 Td (ax Provision \(Benefit\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 314.50 590.88 Td (410,534) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 372.75 590.75 Td (28,495) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.75 590.75 Td (233,840) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 475.75 590.75 Td (370,878) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 530.10 590.75 Td (\(25,218) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 590.75 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 578.75 Td (Income tax provision \(benefit\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 314.50 578.88 Td (106,048) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 372.75 578.75 Td (20,561) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 420.10 578.75 Td (\(102,510) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 448.80 578.75 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 479.75 578.75 Td (84,175) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 536.75 578.75 Td (7,692) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 566.75 Td (Net Income \(Loss\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 314.50 566.88 Td (304,486) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 376.75 566.75 Td (7,934) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.75 566.75 Td (336,350) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 475.75 566.75 Td (286,703) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 530.10 566.75 Td (\(32,910) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 566.75 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 554.75 Td (Less: Net income \(loss\) attributable to noncontrolling interests) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 318.50 554.88 Td (53,1) Tj ET Q
q 0 0 0 rg BT 332.50 554.88 Td (19) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 372.75 554.75 Td (36,442) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 426.75 554.75 Td (51,275) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 479.75 554.75 Td (59,447) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 534.10 554.75 Td (\(7,878) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 554.75 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 542.75 Td (Net Income \(Loss\) ) Tj ET Q
q 0 0 0 rg BT 132.26 542.75 Td (Attributable to Legg Mason,�Inc.) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 542.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 314.50 542.88 Td (251,367) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 542.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 370.10 542.75 Td (\(28,508) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.80 542.75 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 542.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.75 542.75 Td (285,075) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 462.50 542.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 475.75 542.75 Td (227,256) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 515.50 542.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 530.10 542.75 Td (\(25,032) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 542.75 Td (\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 70.50 526.03 Td (PER SHARE) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 513.05 Td (Net Income \(Loss\) per Share ) Tj ET Q
q 0 0 0 rg BT 164.47 513.05 Td (Attributable to Legg Mason,�Inc.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 79.50 505.05 Td (Shareholders:) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 76.50 492.75 Td (Basic) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 492.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 326.50 492.88 Td (2.80) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 492.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 378.10 492.75 Td (\(0.38) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.80 492.75 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 492.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 434.75 492.75 Td (3.03) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 462.50 492.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 487.75 492.75 Td (2.19) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 515.50 492.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 538.10 492.75 Td (\(0.25) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 492.75 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 76.50 480.75 Td (Diluted) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 480.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 326.50 480.88 Td (2.79) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 480.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 378.10 480.75 Td (\(0.38) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.80 480.75 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 480.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 434.75 480.75 Td (3.01) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 462.50 480.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 487.75 480.75 Td (2.18) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 515.50 480.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 538.10 480.75 Td (\(0.25) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 480.75 Td (\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 468.75 Td (W) Tj ET Q
q 0 0 0 rg BT 77.41 468.75 Td (eighted-A) Tj ET Q
q 0 0 0 rg BT 108.80 468.75 Td (verage Number of Shares Outstanding: ) Tj ET Q
BT /F1 8.00 Tf ET
BT /F1 5.20 Tf ET
q 0 0 0 rg BT 235.66 472.38 Td (\(1\)) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 76.50 456.75 Td (Basic) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 318.50 456.88 Td (86,831) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 372.75 456.75 Td (85,423) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 426.75 456.75 Td (90,734) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 475.75 456.75 Td (100,580) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 528.75 456.75 Td (107,406) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 76.50 444.75 Td (Diluted) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 318.50 444.88 Td (87,337) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 372.75 444.75 Td (85,423) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 426.75 444.75 Td (91,194) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 475.75 444.75 Td (100,799) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 528.75 444.75 Td (107,406) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 432.75 Td (Dividends declared) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 432.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 326.50 432.88 Td (1.60) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 432.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 380.75 432.75 Td (1.36) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 432.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 434.75 432.75 Td (1.12) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 462.50 432.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 487.75 432.75 Td (0.88) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 515.50 432.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 540.75 432.75 Td (0.80) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 70.50 420.88 Td (BALANCE SHEET) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 408.75 Td (T) Tj ET Q
q 0 0 0 rg BT 75.11 408.75 Td (otal ) Tj ET Q
q 0 0 0 rg BT 88.60 408.75 Td (Assets) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 408.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 308.50 408.88 Td (8,006,120) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 408.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 362.75 408.75 Td (7,794,122) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 408.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 416.75 408.75 Td (8,152,534) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 462.50 408.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 469.75 408.75 Td (8,290,415) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 515.50 408.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 522.75 408.75 Td (7,520,446) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 396.75 Td (Long-term debt, net) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 308.50 396.88 Td (1,972,733) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 362.75 396.75 Td (2,221,752) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 416.75 396.75 Td (2,221,810) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 469.75 396.75 Td (2,221,867) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 522.75 396.75 Td (1,740,985) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 384.75 Td (T) Tj ET Q
q 0 0 0 rg BT 75.11 384.75 Td (otal Stockholders' Equity ) Tj ET Q
q 0 0 0 rg BT 157.15 384.75 Td (Attributable to Legg Mason, Inc.) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 308.50 384.88 Td (3,792,369) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 362.75 384.75 Td (3,659,755) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 416.75 384.75 Td (3,824,405) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 469.75 384.75 Td (3,983,374) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 522.75 384.75 Td (4,213,563) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 70.50 372.88 Td (FINANCIAL) Tj ET Q
q 0 0 0 rg BT 115.39 372.88 Td ( RA) Tj ET Q
q 0 0 0 rg BT 128.36 372.88 Td (TIOS ) Tj ET Q
q 0 0 0 rg BT 149.04 372.88 Td (AND OTHER DA) Tj ET Q
q 0 0 0 rg BT 210.22 372.88 Td (T) Tj ET Q
q 0 0 0 rg BT 214.96 372.88 Td (A) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 360.75 Td (Adjusted Net Income) Tj ET Q
BT /F1 8.00 Tf ET
BT /F1 5.20 Tf ET
q 0 0 0 rg BT 138.93 364.38 Td (\(2\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 360.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 314.50 360.88 Td (338,992) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 360.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 368.75 360.75 Td (288,619) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 360.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.75 360.75 Td (322,408) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 495.70 360.75 Td (n/a) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 548.70 360.75 Td (n/a) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 348.75 Td (Adjusted Earnings per Diluted Share) Tj ET Q
BT /F1 8.00 Tf ET
BT /F1 5.20 Tf ET
q 0 0 0 rg BT 188.25 352.38 Td (\(2\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 348.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 326.50 348.88 Td (3.76) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 348.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 380.75 348.75 Td (3.26) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 348.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 434.75 348.75 Td (3.41) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 495.70 348.75 Td (n/a) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 548.70 348.75 Td (n/a) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 336.75 Td (Operating Mar) Tj ET Q
q 0 0 0 rg BT 117.74 336.75 Td (gin) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 326.50 336.88 Td (17.3) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 340.50 336.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 384.80 336.75 Td (3.6) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.80 336.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 434.75 336.75 Td (10.3) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 448.80 336.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 487.75 336.75 Td (14.6) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 501.80 336.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 544.80 336.75 Td (1.9) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 336.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 324.75 Td (Adjusted Operating Mar) Tj ET Q
q 0 0 0 rg BT 148.56 324.75 Td (gin ) Tj ET Q
BT /F1 8.00 Tf ET
BT /F1 5.20 Tf ET
q 0 0 0 rg BT 160.78 328.38 Td (\(2\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 326.50 324.88 Td (24.8) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 340.50 324.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 380.75 324.75 Td (22.6) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.80 324.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 434.75 324.75 Td (23.6) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 448.80 324.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 495.70 324.75 Td (n/a) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 548.70 324.75 Td (n/a) Tj ET Q
BT /F1 8.00 Tf ET
0.8 0.9333333333333333 1 rg
/GS0 gs
70.50 318.30 119.53 -7.27 re f
/GS0 gs
q 0 0 0 rg BT 70.50 312.75 Td (Cash provided by operating activities) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 312.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 314.50 312.88 Td (560,556) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 312.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 368.75 312.75 Td (560,866) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 312.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.75 312.75 Td (489,368) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 462.50 312.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 475.75 312.75 Td (534,818) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 515.50 312.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 528.75 312.75 Td (442,994) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 300.75 Td (Adjusted EBITDA) Tj ET Q
BT /F1 8.00 Tf ET
BT /F1 5.20 Tf ET
q 0 0 0 rg BT 130.71 304.38 Td (\(2\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 314.50 300.88 Td (645,003) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 368.75 300.75 Td (622,224) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.75 300.75 Td (637,228) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 475.75 300.75 Td (560,240) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 528.75 300.75 Td (561,432) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 288.75 Td (T) Tj ET Q
q 0 0 0 rg BT 74.83 288.75 Td (otal debt to total capi) Tj ET Q
BT /F1 8.00 Tf ET
0.8 0.9333333333333333 1 rg
/GS0 gs
142.36 294.30 10.00 -7.27 re f
/GS0 gs
q 0 0 0 rg BT 142.36 288.75 Td (tal ) Tj ET Q
BT /F1 8.00 Tf ET
0.8 0.9333333333333333 1 rg
/GS0 gs
152.36 297.92 6.06 -7.27 re f
/GS0 gs
BT /F1 5.20 Tf ET
q 0 0 0 rg BT 152.36 292.38 Td (\(3\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 326.50 288.88 Td (34.2) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 340.50 288.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 380.75 288.75 Td (38.1) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.80 288.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 434.75 288.75 Td (38.4) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 448.80 288.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 487.75 288.75 Td (36.2) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 501.80 288.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 540.75 288.75 Td (29.9) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 288.75 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 276.75 Td (Assets under management) Tj ET Q
BT /F5 8.00 Tf ET
q 0 0 0 rg BT 154.48 276.75 Td ( \(in millions\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 302.50 276.88 Td ($) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 314.50 276.88 Td (730,816) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 355.50 276.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 368.75 276.75 Td (757,982) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.50 276.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 422.75 276.75 Td (754,131) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 462.50 276.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 475.75 276.75 Td (728,406) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 515.50 276.75 Td ($) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 528.75 276.75 Td (669,615) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 70.50 264.75 Td (Full-time employees) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 322.50 264.88 Td (3,059) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 376.75 264.75 Td (3,246) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 430.75 264.75 Td (3,275) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 483.75 264.75 Td (3,338) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 536.75 264.75 Td (3,066) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 251.70 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 78.83 251.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 251.70 Td (Basic ) Tj ET Q
q 0 0 0 rg BT 105.46 251.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 119.19 251.70 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 143.59 251.70 Td (shares ) Tj ET Q
q 0 0 0 rg BT 165.76 251.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 177.71 251.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.66 251.70 Td (same ) Tj ET Q
q 0 0 0 rg BT 208.28 251.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 219.79 251.70 Td (periods ) Tj ET Q
q 0 0 0 rg BT 245.53 251.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 261.93 251.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 267.66 251.70 Td (Net ) Tj ET Q
q 0 0 0 rg BT 281.39 251.70 Td (Loss ) Tj ET Q
q 0 0 0 rg BT 298.21 251.70 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 339.05 251.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 347.45 251.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 366.07 251.70 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 392.03 251.70 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 406.42 251.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 408.61 251.70 Td (See ) Tj ET Q
q 0 0 0 rg BT 422.34 251.70 Td (Note ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 440.07 251.70 Td (14) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 448.07 251.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 450.25 251.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 459.10 251.70 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 479.94 251.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 488.35 251.70 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 532.75 251.70 Td (Financial ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 85.50 242.10 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 122.61 242.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 130.83 242.10 Td (Item ) Tj ET Q
q 0 0 0 rg BT 147.49 242.10 Td (8. ) Tj ET Q
q 0 0 0 rg BT 155.49 242.10 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 187.26 242.10 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 224.36 242.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 237.91 242.10 Td (Supplemental ) Tj ET Q
q 0 0 0 rg BT 283.91 242.10 Td (Data.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 232.50 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 85.50 232.50 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 117.23 232.50 Td (Net ) Tj ET Q
q 0 0 0 rg BT 131.63 232.50 Td (Income, ) Tj ET Q
q 0 0 0 rg BT 159.83 232.50 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 191.56 232.50 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 222.84 232.50 Td (per ) Tj ET Q
q 0 0 0 rg BT 235.90 232.50 Td (Diluted ) Tj ET Q
q 0 0 0 rg BT 262.74 232.50 Td (Share, ) Tj ET Q
q 0 0 0 rg BT 285.80 232.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 299.57 232.50 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 331.30 232.50 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 366.13 232.50 Td (Mar) Tj ET Q
q 0 0 0 rg BT 379.31 232.50 Td (gin ) Tj ET Q
q 0 0 0 rg BT 392.38 232.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 404.99 232.50 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 441.14 232.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 443.98 232.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 487.24 232.50 Td (measures ) Tj ET Q
q 0 0 0 rg BT 519.85 232.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 533.62 232.50 Td (Adjusted ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 85.50 222.90 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 114.39 222.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 116.16 222.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 123.28 222.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 128.60 222.90 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 164.75 222.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 166.53 222.90 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 195.42 222.90 Td (measure. ) Tj ET Q
q 0 0 0 rg BT 225.85 222.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 227.49 222.90 Td (There ) Tj ET Q
q 0 0 0 rg BT 247.92 222.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 265.24 222.90 Td (no ) Tj ET Q
q 0 0 0 rg BT 275.02 222.90 Td (comparable ) Tj ET Q
q 0 0 0 rg BT 314.11 222.90 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 350.26 222.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 352.03 222.90 Td (measures ) Tj ET Q
q 0 0 0 rg BT 383.57 222.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 394.29 222.90 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 424.95 222.90 Td (Net ) Tj ET Q
q 0 0 0 rg BT 438.28 222.90 Td (Income, ) Tj ET Q
q 0 0 0 rg BT 465.65 222.90 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 496.31 222.90 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 526.53 222.90 Td (per ) Tj ET Q
q 0 0 0 rg BT 538.52 222.90 Td (Diluted ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 85.50 213.30 Td (Share ) Tj ET Q
q 0 0 0 rg BT 105.29 213.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 113.18 213.30 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 143.64 213.30 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 177.20 213.30 Td (Mar) Tj ET Q
q 0 0 0 rg BT 190.38 213.30 Td (gin ) Tj ET Q
q 0 0 0 rg BT 202.18 213.30 Td (prior ) Tj ET Q
q 0 0 0 rg BT 219.30 213.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 227.10 213.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 246.00 213.30 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 265.57 213.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 267.14 213.30 Td (See ) Tj ET Q
q 0 0 0 rg BT 280.27 213.30 Td (Supplemental ) Tj ET Q
q 0 0 0 rg BT 325.83 213.30 Td (Non-GAAP) Tj ET Q
q 0 0 0 rg BT 363.76 213.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 365.33 213.30 Td (Information ) Tj ET Q
q 0 0 0 rg BT 405.12 213.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 412.91 213.30 Td (Item�7. ) Tj ET Q
q 0 0 0 rg BT 437.15 213.30 Td (Management's ) Tj ET Q
q 0 0 0 rg BT 485.03 213.30 Td (Discussion ) Tj ET Q
q 0 0 0 rg BT 521.72 213.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 534.50 213.30 Td (Analysis ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 85.50 203.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.16 203.70 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 125.93 203.70 Td (Condition ) Tj ET Q
q 0 0 0 rg BT 159.94 203.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 173.49 203.70 Td (Results ) Tj ET Q
q 0 0 0 rg BT 199.05 203.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.71 203.70 Td (Operations.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 192.10 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 85.50 192.10 Td (Calculated ) Tj ET Q
q 0 0 0 rg BT 121.88 192.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 142.26 192.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 152.43 192.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 168.82 192.10 Td (gross ) Tj ET Q
q 0 0 0 rg BT 187.89 192.10 Td (debt ) Tj ET Q
q 0 0 0 rg BT 203.83 192.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 212.67 192.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 218.39 192.10 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 255.20 192.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 264.03 192.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 280.42 192.10 Td (capital ) Tj ET Q
q 0 0 0 rg BT 303.91 192.10 Td (\(total ) Tj ET Q
q 0 0 0 rg BT 322.97 192.10 Td (stockholders' ) Tj ET Q
q 0 0 0 rg BT 367.02 192.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 389.18 192.10 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 427.79 192.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 436.18 192.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 454.79 192.10 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 480.74 192.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 495.12 192.10 Td (plus ) Tj ET Q
q 0 0 0 rg BT 510.63 192.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 527.02 192.10 Td (gross ) Tj ET Q
q 0 0 0 rg BT 546.08 192.10 Td (debt\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 85.50 182.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 94.16 182.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 102.83 182.50 Td (March�31.) Tj ET Q
endstream
endobj
79 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 80 0 R>>
endobj
80 0 obj
<</Length 38822>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (37) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (ITEM 7.��MANAGEMENT'S DISCUSSION ) Tj ET Q
q 0 0 0 rg BT 250.21 741.90 Td (AND ) Tj ET Q
q 0 0 0 rg BT 275.00 741.90 Td (ANAL) Tj ET Q
q 0 0 0 rg BT 303.79 741.90 Td (YSIS OF) Tj ET Q
q 0 0 0 rg BT 343.95 741.90 Td ( FINANCIAL) Tj ET Q
q 0 0 0 rg BT 405.51 741.90 Td ( CONDITION ) Tj ET Q
q 0 0 0 rg BT 472.02 741.90 Td (AND RESUL) Tj ET Q
q 0 0 0 rg BT 531.44 741.90 Td (TS OF) Tj ET Q
q 0 0 0 rg BT 561.10 741.90 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (OPERA) Tj ET Q
q 0 0 0 rg BT 85.47 729.30 Td (TIONS.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 704.70 Td (EXECUTIVE OVER) Tj ET Q
q 0 0 0 rg BT 145.02 704.70 Td (VIEW) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 692.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.53 692.10 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 108.69 692.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 127.67 692.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 137.63 692.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 145.24 692.10 Td (global ) Tj ET Q
q 0 0 0 rg BT 174.44 692.10 Td (asset ) Tj ET Q
q 0 0 0 rg BT 197.80 692.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 254.40 692.10 Td (firm ) Tj ET Q
q 0 0 0 rg BT 275.43 692.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 294.12 692.10 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 336.15 692.10 Td (operates ) Tj ET Q
q 0 0 0 rg BT 374.08 692.10 Td (through ) Tj ET Q
q 0 0 0 rg BT 409.70 692.10 Td (nine ) Tj ET Q
q 0 0 0 rg BT 430.73 692.10 Td (independent ) Tj ET Q
q 0 0 0 rg BT 485.00 692.10 Td (asset ) Tj ET Q
q 0 0 0 rg BT 508.36 692.10 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 679.50 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 101.08 679.50 Td (\(collectively ) Tj ET Q
q 0 0 0 rg BT 155.06 679.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 175.22 679.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 186.64 679.50 Td (subsidiaries, ) Tj ET Q
q 0 0 0 rg BT 240.35 679.50 Td (�Legg ) Tj ET Q
q 0 0 0 rg BT 268.08 679.50 Td (Mason�\). ) Tj ET Q
q 0 0 0 rg BT 308.84 679.50 Td (W) Tj ET Q
q 0 0 0 rg BT 317.91 679.50 Td (e ) Tj ET Q
q 0 0 0 rg BT 324.07 679.50 Td (help ) Tj ET Q
q 0 0 0 rg BT 343.65 679.50 Td (investors ) Tj ET Q
q 0 0 0 rg BT 383.06 679.50 Td (globally ) Tj ET Q
q 0 0 0 rg BT 418.97 679.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 428.64 679.50 Td (pursue ) Tj ET Q
q 0 0 0 rg BT 458.13 679.50 Td (better ) Tj ET Q
q 0 0 0 rg BT 483.54 679.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 521.77 679.50 Td (outcomes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 666.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 63.52 666.90 Td (expanding ) Tj ET Q
q 0 0 0 rg BT 110.28 666.90 Td (choice ) Tj ET Q
q 0 0 0 rg BT 140.70 666.90 Td (across ) Tj ET Q
q 0 0 0 rg BT 169.96 666.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 219.06 666.90 Td (strategies, ) Tj ET Q
q 0 0 0 rg BT 264.36 666.90 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 301.78 666.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 319.96 666.90 Td (investor ) Tj ET Q
q 0 0 0 rg BT 356.81 666.90 Td (access ) Tj ET Q
q 0 0 0 rg BT 386.64 666.90 Td (through ) Tj ET Q
q 0 0 0 rg BT 422.33 666.90 Td (independent ) Tj ET Q
q 0 0 0 rg BT 476.66 666.90 Td (asset ) Tj ET Q
q 0 0 0 rg BT 500.10 666.90 Td (managers ) Tj ET Q
q 0 0 0 rg BT 543.35 666.90 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 654.30 Td (diverse ) Tj ET Q
q 0 0 0 rg BT 82.63 654.30 Td (expertise ) Tj ET Q
q 0 0 0 rg BT 122.84 654.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 133.32 654.30 Td (equity) Tj ET Q
q 0 0 0 rg BT 158.89 654.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 163.82 654.30 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 187.71 654.30 Td (income, ) Tj ET Q
q 0 0 0 rg BT 223.55 654.30 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 270.17 654.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 287.64 654.30 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 325.54 654.30 Td (investments. ) Tj ET Q
q 0 0 0 rg BT 380.13 654.30 Td (Acting ) Tj ET Q
q 0 0 0 rg BT 411.02 654.30 Td (through ) Tj ET Q
q 0 0 0 rg BT 446.00 654.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 462.30 654.30 Td (independent ) Tj ET Q
q 0 0 0 rg BT 515.93 654.30 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 641.70 Td (managers, ) Tj ET Q
q 0 0 0 rg BT 96.40 641.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 125.61 641.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 141.40 641.70 Td (often ) Tj ET Q
q 0 0 0 rg BT 166.52 641.70 Td (refer ) Tj ET Q
q 0 0 0 rg BT 189.88 641.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 201.59 641.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 213.88 641.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 231.42 641.70 Td (af) Tj ET Q
q 0 0 0 rg BT 239.39 641.70 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 274.13 641.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 289.92 641.70 Td (deliver ) Tj ET Q
q 0 0 0 rg BT 322.62 641.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 340.16 641.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 389.79 641.70 Td (capabilities ) Tj ET Q
q 0 0 0 rg BT 441.15 641.70 Td (through ) Tj ET Q
q 0 0 0 rg BT 477.36 641.70 Td (varied ) Tj ET Q
q 0 0 0 rg BT 507.14 641.70 Td (products ) Tj ET Q
q 0 0 0 rg BT 546.85 641.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 629.10 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 86.81 629.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 104.37 629.10 Td (via ) Tj ET Q
q 0 0 0 rg BT 119.61 629.10 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 157.01 629.10 Td (points ) Tj ET Q
q 0 0 0 rg BT 185.09 629.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 196.24 629.10 Td (access, ) Tj ET Q
q 0 0 0 rg BT 228.08 629.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 270.15 629.10 Td (directly ) Tj ET Q
q 0 0 0 rg BT 304.63 629.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 322.19 629.10 Td (through ) Tj ET Q
q 0 0 0 rg BT 357.26 629.10 Td (various ) Tj ET Q
q 0 0 0 rg BT 390.58 629.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 429.71 629.10 Td (intermediaries. ) Tj ET Q
q 0 0 0 rg BT 494.80 629.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 497.21 629.10 Td (Our ) Tj ET Q
q 0 0 0 rg BT 515.94 629.10 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 616.50 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 89.32 616.50 Td (services ) Tj ET Q
q 0 0 0 rg BT 126.30 616.50 Td (include ) Tj ET Q
q 0 0 0 rg BT 160.36 616.50 Td (discretionary ) Tj ET Q
q 0 0 0 rg BT 218.33 616.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 236.65 616.50 Td (non-discretionary ) Tj ET Q
q 0 0 0 rg BT 313.87 616.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 370.67 616.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 382.58 616.50 Td (separate ) Tj ET Q
q 0 0 0 rg BT 420.13 616.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 469.37 616.50 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 509.26 616.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 520.59 616.50 Td (numerous ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 99.84 603.90 Td (styles ) Tj ET Q
q 0 0 0 rg BT 127.53 603.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 143.53 603.90 Td (institutional ) Tj ET Q
q 0 0 0 rg BT 197.47 603.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.39 603.90 Td (individual ) Tj ET Q
q 0 0 0 rg BT 262.74 603.90 Td (investors. ) Tj ET Q
q 0 0 0 rg BT 307.04 603.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 310.81 603.90 Td (Our ) Tj ET Q
q 0 0 0 rg BT 330.90 603.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 380.74 603.90 Td (products ) Tj ET Q
q 0 0 0 rg BT 420.67 603.90 Td (include ) Tj ET Q
q 0 0 0 rg BT 455.34 603.90 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 505.75 603.90 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 538.68 603.90 Td (funds ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 591.30 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 84.84 591.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 108.02 591.30 Td (money ) Tj ET Q
q 0 0 0 rg BT 139.37 591.30 Td (market ) Tj ET Q
q 0 0 0 rg BT 171.29 591.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 189.22 591.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 213.56 591.30 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 251.92 591.30 Td (products ) Tj ET Q
q 0 0 0 rg BT 290.85 591.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 301.78 591.30 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 326.13 591.30 Td (income, ) Tj ET Q
q 0 0 0 rg BT 362.43 591.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 391.44 591.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 409.37 591.30 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 456.45 591.30 Td (funds ) Tj ET Q
q 0 0 0 rg BT 482.55 591.30 Td (managed ) Tj ET Q
q 0 0 0 rg BT 523.22 591.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 534.15 591.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 541.58 591.30 Td (wide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 578.70 Td (variety ) Tj ET Q
q 0 0 0 rg BT 82.70 578.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.99 578.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 144.62 578.70 Td (styles. ) Tj ET Q
q 0 0 0 rg BT 174.71 578.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 178.00 578.70 Td (W) Tj ET Q
q 0 0 0 rg BT 187.07 578.70 Td (e ) Tj ET Q
q 0 0 0 rg BT 195.27 578.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 215.73 578.70 Td (of) Tj ET Q
q 0 0 0 rg BT 224.29 578.70 Td (fer ) Tj ET Q
q 0 0 0 rg BT 239.49 578.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 264.61 578.70 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 306.07 578.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 324.78 578.70 Td (of) Tj ET Q
q 0 0 0 rg BT 333.33 578.70 Td (fshore ) Tj ET Q
q 0 0 0 rg BT 363.12 578.70 Td (funds ) Tj ET Q
q 0 0 0 rg BT 390.00 578.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 401.71 578.70 Td (both ) Tj ET Q
q 0 0 0 rg BT 423.93 578.70 Td (retail ) Tj ET Q
q 0 0 0 rg BT 449.04 578.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.75 578.70 Td (institutional ) Tj ET Q
q 0 0 0 rg BT 521.47 578.70 Td (investors, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 566.10 Td (privately ) Tj ET Q
q 0 0 0 rg BT 89.96 566.10 Td (placed ) Tj ET Q
q 0 0 0 rg BT 120.01 566.10 Td (real ) Tj ET Q
q 0 0 0 rg BT 138.38 566.10 Td (estate ) Tj ET Q
q 0 0 0 rg BT 164.93 566.10 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 193.53 566.10 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 221.25 566.10 Td (funds ) Tj ET Q
q 0 0 0 rg BT 247.22 566.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 265.03 566.10 Td (funds-of-hedge ) Tj ET Q
q 0 0 0 rg BT 331.81 566.10 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 360.41 566.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 363.06 566.10 Td (Our ) Tj ET Q
q 0 0 0 rg BT 382.03 566.10 Td (centralized ) Tj ET Q
q 0 0 0 rg BT 430.73 566.10 Td (global ) Tj ET Q
q 0 0 0 rg BT 459.61 566.10 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 510.68 566.10 Td (group, ) Tj ET Q
q 0 0 0 rg BT 540.44 566.10 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 553.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 80.78 553.50 Td (Global ) Tj ET Q
q 0 0 0 rg BT 111.55 553.50 Td (Distribution, ) Tj ET Q
q 0 0 0 rg BT 167.12 553.50 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 205.17 553.50 Td (distributes ) Tj ET Q
q 0 0 0 rg BT 251.11 553.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 268.47 553.50 Td (supports ) Tj ET Q
q 0 0 0 rg BT 306.25 553.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 322.43 553.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 370.70 553.50 Td (products. ) Tj ET Q
q 0 0 0 rg BT 411.68 553.50 Td (Our ) Tj ET Q
q 0 0 0 rg BT 430.20 553.50 Td (operations ) Tj ET Q
q 0 0 0 rg BT 476.13 553.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 491.14 553.50 Td (principally ) Tj ET Q
q 0 0 0 rg BT 538.82 553.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.18 553.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.90 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 71.76 540.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 90.00 540.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 105.91 540.90 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 129.41 540.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.65 540.90 Td (we ) Tj ET Q
q 0 0 0 rg BT 162.98 540.90 Td (also ) Tj ET Q
q 0 0 0 rg BT 182.97 540.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 205.88 540.90 Td (of) Tj ET Q
q 0 0 0 rg BT 214.44 540.90 Td (fices ) Tj ET Q
q 0 0 0 rg BT 237.34 540.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 247.91 540.90 Td (Australia, ) Tj ET Q
q 0 0 0 rg BT 292.11 540.90 Td (Brazil, ) Tj ET Q
q 0 0 0 rg BT 323.47 540.90 Td (Canada, ) Tj ET Q
q 0 0 0 rg BT 360.66 540.90 Td (Chile, ) Tj ET Q
q 0 0 0 rg BT 389.12 540.90 Td (China, ) Tj ET Q
q 0 0 0 rg BT 419.91 540.90 Td (Dubai, ) Tj ET Q
q 0 0 0 rg BT 451.28 540.90 Td (France, ) Tj ET Q
q 0 0 0 rg BT 485.55 540.90 Td (Germany) Tj ET Q
q 0 0 0 rg BT 523.94 540.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 529.65 540.90 Td (Ireland, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 528.30 Td (Italy) Tj ET Q
q 0 0 0 rg BT 68.56 528.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 73.81 528.30 Td (Japan, ) Tj ET Q
q 0 0 0 rg BT 102.97 528.30 Td (Singapore, ) Tj ET Q
q 0 0 0 rg BT 150.79 528.30 Td (Spain, ) Tj ET Q
q 0 0 0 rg BT 179.96 528.30 Td (Switzerland ) Tj ET Q
q 0 0 0 rg BT 232.74 528.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 250.34 528.30 Td (T) Tj ET Q
q 0 0 0 rg BT 256.02 528.30 Td (aiwan. ) Tj ET Q
q 0 0 0 rg BT 286.34 528.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 303.55 528.30 Td (further ) Tj ET Q
q 0 0 0 rg BT 334.74 528.30 Td (information ) Tj ET Q
q 0 0 0 rg BT 386.94 528.30 Td (see ) Tj ET Q
q 0 0 0 rg BT 402.97 528.30 Td (Item ) Tj ET Q
q 0 0 0 rg BT 424.84 528.30 Td (1. ) Tj ET Q
q 0 0 0 rg BT 435.34 528.30 Td (Business, ) Tj ET Q
q 0 0 0 rg BT 477.93 528.30 Td (included ) Tj ET Q
q 0 0 0 rg BT 516.71 528.30 Td (herein.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 503.10 Td (All ) Tj ET Q
q 0 0 0 rg BT 66.00 503.10 Td (references ) Tj ET Q
q 0 0 0 rg BT 111.70 503.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 122.45 503.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 147.76 503.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 173.97 503.10 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 197.54 503.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 208.87 503.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 235.07 503.10 Td (refer ) Tj ET Q
q 0 0 0 rg BT 257.46 503.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 268.21 503.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 284.78 503.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 310.10 503.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 330.74 503.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 358.39 503.10 Td (March�31 ) Tj ET Q
q 0 0 0 rg BT 401.50 503.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 412.82 503.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 431.15 503.10 Td (year) Tj ET Q
q 0 0 0 rg BT 448.63 503.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 453.65 503.10 Td (T) Tj ET Q
q 0 0 0 rg BT 459.33 503.10 Td (erms ) Tj ET Q
q 0 0 0 rg BT 482.32 503.10 Td (such ) Tj ET Q
q 0 0 0 rg BT 504.15 503.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 515.47 503.10 Td ("we," ) Tj ET Q
q 0 0 0 rg BT 541.49 503.10 Td ("us," ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 490.50 Td ("our) Tj ET Q
q 0 0 0 rg BT 67.86 490.50 Td (," ) Tj ET Q
q 0 0 0 rg BT 77.40 490.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 95.18 490.50 Td ("Company" ) Tj ET Q
q 0 0 0 rg BT 147.21 490.50 Td (refer ) Tj ET Q
q 0 0 0 rg BT 169.65 490.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 180.44 490.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 204.64 490.50 Td (Mason.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 465.30 Td (Global ) Tj ET Q
q 0 0 0 rg BT 82.42 465.30 Td (markets ) Tj ET Q
q 0 0 0 rg BT 119.50 465.30 Td (experienced ) Tj ET Q
q 0 0 0 rg BT 174.06 465.30 Td (extreme ) Tj ET Q
q 0 0 0 rg BT 211.71 465.30 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 253.47 465.30 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 299.31 465.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 311.32 465.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 327.99 465.30 Td (second ) Tj ET Q
q 0 0 0 rg BT 360.98 465.30 Td (half ) Tj ET Q
q 0 0 0 rg BT 381.15 465.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 393.74 465.30 Td (February ) Tj ET Q
q 0 0 0 rg BT 435.48 465.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 460.33 465.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 472.33 465.30 Td (reaction ) Tj ET Q
q 0 0 0 rg BT 509.99 465.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 522.00 465.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 538.67 465.30 Td (novel ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 452.70 Td (coronavirus ) Tj ET Q
q 0 0 0 rg BT 101.15 452.70 Td (\("COVID-19"\) ) Tj ET Q
q 0 0 0 rg BT 165.55 452.70 Td (pandemic ) Tj ET Q
q 0 0 0 rg BT 207.95 452.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 218.29 452.70 Td (social ) Tj ET Q
q 0 0 0 rg BT 244.36 452.70 Td (containment ) Tj ET Q
q 0 0 0 rg BT 297.85 452.70 Td (measures ) Tj ET Q
q 0 0 0 rg BT 338.50 452.70 Td (dramatically ) Tj ET Q
q 0 0 0 rg BT 392.57 452.70 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 433.22 452.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 470.39 452.70 Td (activity ) Tj ET Q
q 0 0 0 rg BT 503.47 452.70 Td (despite ) Tj ET Q
q 0 0 0 rg BT 534.79 452.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 542.76 452.70 Td (forts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 440.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 63.75 440.10 Td (governments ) Tj ET Q
q 0 0 0 rg BT 121.23 440.10 Td (across ) Tj ET Q
q 0 0 0 rg BT 150.72 440.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.79 440.10 Td (globe ) Tj ET Q
q 0 0 0 rg BT 193.37 440.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 204.78 440.10 Td (support ) Tj ET Q
q 0 0 0 rg BT 239.53 440.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.94 440.10 Td (stimulate ) Tj ET Q
q 0 0 0 rg BT 299.68 440.10 Td (economies. ) Tj ET Q
q 0 0 0 rg BT 350.45 440.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 352.98 440.10 Td (As ) Tj ET Q
q 0 0 0 rg BT 367.90 440.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 375.81 440.10 Td (result, ) Tj ET Q
q 0 0 0 rg BT 405.01 440.10 Td (significant ) Tj ET Q
q 0 0 0 rg BT 452.58 440.10 Td (market ) Tj ET Q
q 0 0 0 rg BT 484.98 440.10 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 535.46 440.10 Td (exists, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 427.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 92.29 427.50 Td (recessionary ) Tj ET Q
q 0 0 0 rg BT 147.39 427.50 Td (fear) Tj ET Q
q 0 0 0 rg BT 163.28 427.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 168.53 427.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 196.82 427.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 217.52 427.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 239.97 427.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 247.25 427.50 Td (significant ) Tj ET Q
q 0 0 0 rg BT 294.20 427.50 Td (impact ) Tj ET Q
q 0 0 0 rg BT 325.40 427.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 338.53 427.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 355.15 427.50 Td (business.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 402.30 Td (Merger ) Tj ET Q
q 0 0 0 rg BT 84.32 402.30 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 134.19 402.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 149.26 402.30 Td (Acquisition ) Tj ET Q
q 0 0 0 rg BT 201.48 402.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 214.02 402.30 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 255.75 402.30 Td (Resources, ) Tj ET Q
q 0 0 0 rg BT 305.33 402.30 Td (Inc.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 389.70 Td (On ) Tj ET Q
q 0 0 0 rg BT 64.51 389.70 Td (February ) Tj ET Q
q 0 0 0 rg BT 104.09 389.70 Td (17, ) Tj ET Q
q 0 0 0 rg BT 118.89 389.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 144.19 389.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 158.11 389.70 Td (entered ) Tj ET Q
q 0 0 0 rg BT 190.68 389.70 Td (into ) Tj ET Q
q 0 0 0 rg BT 208.69 389.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 219.91 389.70 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 268.23 389.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 285.06 389.70 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 305.41 389.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 315.83 389.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 333.13 389.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 348.21 389.70 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 366.21 389.70 Td ("Mer) Tj ET Q
q 0 0 0 rg BT 387.81 389.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 402.52 389.70 Td (Agreement"\) ) Tj ET Q
q 0 0 0 rg BT 458.62 389.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 478.97 389.70 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 516.22 389.70 Td (Resources, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 377.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 67.71 377.10 Td (\("Franklin ) Tj ET Q
q 0 0 0 rg BT 112.62 377.10 Td (T) Tj ET Q
q 0 0 0 rg BT 118.30 377.10 Td (empleton"\) ) Tj ET Q
q 0 0 0 rg BT 166.83 377.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 183.30 377.10 Td (Alpha ) Tj ET Q
q 0 0 0 rg BT 210.63 377.10 Td (Sub, ) Tj ET Q
q 0 0 0 rg BT 231.27 377.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 248.97 377.10 Td (\("Mer) Tj ET Q
q 0 0 0 rg BT 274.06 377.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 289.14 377.10 Td (Sub"\), ) Tj ET Q
q 0 0 0 rg BT 317.56 377.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 323.89 377.10 Td (wholly ) Tj ET Q
q 0 0 0 rg BT 354.73 377.10 Td (owned ) Tj ET Q
q 0 0 0 rg BT 384.40 377.10 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 429.24 377.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.66 377.10 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 476.79 377.10 Td (T) Tj ET Q
q 0 0 0 rg BT 482.47 377.10 Td (empleton, ) Tj ET Q
q 0 0 0 rg BT 525.84 377.10 Td (pursuant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 364.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.40 364.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 88.30 364.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 112.11 364.50 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 145.55 364.50 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 163.82 364.50 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 182.38 364.50 Td ("Company"\) ) Tj ET Q
q 0 0 0 rg BT 237.52 364.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 256.09 364.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 268.23 364.50 Td (mer) Tj ET Q
q 0 0 0 rg BT 284.37 364.50 Td (ged ) Tj ET Q
q 0 0 0 rg BT 301.76 364.50 Td (into ) Tj ET Q
q 0 0 0 rg BT 320.33 364.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 337.64 364.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 353.28 364.50 Td (Sub ) Tj ET Q
q 0 0 0 rg BT 371.86 364.50 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 390.42 364.50 Td ("Mer) Tj ET Q
q 0 0 0 rg BT 412.01 364.50 Td (ger"\), ) Tj ET Q
q 0 0 0 rg BT 438.06 364.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 458.96 364.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 474.02 364.50 Td (Company ) Tj ET Q
q 0 0 0 rg BT 517.09 364.50 Td (continuing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.37 351.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.83 351.90 Td (surviving ) Tj ET Q
q 0 0 0 rg BT 119.12 351.90 Td (corporation ) Tj ET Q
q 0 0 0 rg BT 170.14 351.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 187.93 351.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 195.21 351.90 Td (wholly ) Tj ET Q
q 0 0 0 rg BT 227.01 351.90 Td (owned ) Tj ET Q
q 0 0 0 rg BT 257.63 351.90 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 303.42 351.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.79 351.90 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 352.80 351.90 Td (T) Tj ET Q
q 0 0 0 rg BT 358.49 351.90 Td (empleton.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 326.70 Td (Pursuant ) Tj ET Q
q 0 0 0 rg BT 89.96 326.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 101.33 326.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 117.37 326.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 134.67 326.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 150.58 326.70 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 203.06 326.70 Td (each ) Tj ET Q
q 0 0 0 rg BT 225.50 326.70 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 277.70 326.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 303.06 326.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 315.02 326.70 Td (common ) Tj ET Q
q 0 0 0 rg BT 354.97 326.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 380.34 326.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 392.30 326.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.33 326.70 Td (Company ) Tj ET Q
q 0 0 0 rg BT 452.37 326.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 471.91 326.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 485.03 326.70 Td (converted ) Tj ET Q
q 0 0 0 rg BT 529.63 326.70 Td (into ) Tj ET Q
q 0 0 0 rg BT 549.17 326.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 314.10 Td (right ) Tj ET Q
q 0 0 0 rg BT 71.79 314.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 81.91 314.10 Td (receive ) Tj ET Q
q 0 0 0 rg BT 114.17 314.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 136.53 314.10 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 173.93 314.10 Td (T) Tj ET Q
q 0 0 0 rg BT 179.61 314.10 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 220.64 314.10 Td ($50.00 ) Tj ET Q
q 0 0 0 rg BT 251.47 314.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 261.59 314.10 Td (cash. ) Tj ET Q
q 0 0 0 rg BT 284.83 314.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 286.64 314.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 304.92 314.10 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 352.94 314.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 361.90 314.10 Td (expected ) Tj ET Q
q 0 0 0 rg BT 401.17 314.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 411.29 314.10 Td (close ) Tj ET Q
q 0 0 0 rg BT 434.82 314.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 447.27 314.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 462.06 314.10 Td (end ) Tj ET Q
q 0 0 0 rg BT 479.17 314.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 489.87 314.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.65 314.10 Td (third ) Tj ET Q
q 0 0 0 rg BT 526.44 314.10 Td (calendar ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 301.50 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 82.90 301.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.82 301.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 121.61 301.50 Td (subject ) Tj ET Q
q 0 0 0 rg BT 154.53 301.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 165.86 301.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.86 301.50 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 232.85 301.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 244.77 301.50 Td (customary ) Tj ET Q
q 0 0 0 rg BT 291.68 301.50 Td (closing ) Tj ET Q
q 0 0 0 rg BT 325.18 301.50 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 372.10 301.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 387.51 301.50 Td (both ) Tj ET Q
q 0 0 0 rg BT 409.35 301.50 Td (parties, ) Tj ET Q
q 0 0 0 rg BT 443.13 301.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 485.97 301.50 Td (among ) Tj ET Q
q 0 0 0 rg BT 517.72 301.50 Td (others, ) Tj ET Q
q 0 0 0 rg BT 549.17 301.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 288.90 Td (approval ) Tj ET Q
q 0 0 0 rg BT 88.85 288.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 99.71 288.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.65 288.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 131.96 288.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 147.01 288.90 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 195.77 288.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 208.38 288.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.33 288.90 Td (holders ) Tj ET Q
q 0 0 0 rg BT 256.35 288.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.21 288.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 273.99 288.90 Td (majority ) Tj ET Q
q 0 0 0 rg BT 311.68 288.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.54 288.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 346.23 288.90 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 382.90 288.90 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 434.01 288.90 Td (common ) Tj ET Q
q 0 0 0 rg BT 472.87 288.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 501.23 288.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 518.50 288.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.44 288.90 Td (receipt ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 276.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.37 276.30 Td (required ) Tj ET Q
q 0 0 0 rg BT 98.98 276.30 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 144.75 276.30 Td (approvals.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 251.10 Td (Refer ) Tj ET Q
q 0 0 0 rg BT 76.45 251.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 87.75 251.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 103.71 251.10 Td (definitive ) Tj ET Q
q 0 0 0 rg BT 147.08 251.10 Td (joint ) Tj ET Q
q 0 0 0 rg BT 169.47 251.10 Td (proxy ) Tj ET Q
q 0 0 0 rg BT 197.10 251.10 Td (statement ) Tj ET Q
q 0 0 0 rg BT 240.47 251.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 252.35 251.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 268.31 251.10 Td (Company ) Tj ET Q
q 0 0 0 rg BT 312.27 251.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 330.57 251.10 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 369.05 251.10 Td (T) Tj ET Q
q 0 0 0 rg BT 374.74 251.10 Td (empleton, ) Tj ET Q
q 0 0 0 rg BT 419.57 251.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 431.45 251.10 Td (filed ) Tj ET Q
q 0 0 0 rg BT 453.82 251.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 467.45 251.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 483.42 251.10 Td (Company ) Tj ET Q
q 0 0 0 rg BT 527.38 251.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 549.18 251.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 238.50 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 71.30 238.50 Td (Securities ) Tj ET Q
q 0 0 0 rg BT 115.33 238.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 133.12 238.50 Td (Exchange ) Tj ET Q
q 0 0 0 rg BT 177.14 238.50 Td (Commission ) Tj ET Q
q 0 0 0 rg BT 232.86 238.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 245.40 238.50 Td (April ) Tj ET Q
q 0 0 0 rg BT 270.19 238.50 Td (16, ) Tj ET Q
q 0 0 0 rg BT 285.94 238.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 312.19 238.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 327.06 238.50 Td (additional ) Tj ET Q
q 0 0 0 rg BT 371.68 238.50 Td (information ) Tj ET Q
q 0 0 0 rg BT 423.88 238.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 437.00 238.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 452.45 238.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 469.76 238.50 Td (ger) Tj ET Q
q 0 0 0 rg BT 482.59 238.50 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 213.30 Td (Business ) Tj ET Q
q 0 0 0 rg BT 91.15 213.30 Td (Overview) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 200.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.55 200.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 109.51 200.70 Td (services ) Tj ET Q
q 0 0 0 rg BT 146.55 200.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 185.36 200.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 196.75 200.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 225.64 200.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 241.11 200.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 257.15 200.70 Td (engaged ) Tj ET Q
q 0 0 0 rg BT 295.36 200.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 305.59 200.70 Td (extremely ) Tj ET Q
q 0 0 0 rg BT 350.79 200.70 Td (competitive. ) Tj ET Q
q 0 0 0 rg BT 406.21 200.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 409.44 200.70 Td (Our ) Tj ET Q
q 0 0 0 rg BT 428.99 200.70 Td (competition ) Tj ET Q
q 0 0 0 rg BT 482.38 200.70 Td (includes ) Tj ET Q
q 0 0 0 rg BT 520.60 200.70 Td (numerous ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 188.10 Td (global, ) Tj ET Q
q 0 0 0 rg BT 81.73 188.10 Td (national, ) Tj ET Q
q 0 0 0 rg BT 121.03 188.10 Td (regional ) Tj ET Q
q 0 0 0 rg BT 158.29 188.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 176.30 188.10 Td (local ) Tj ET Q
q 0 0 0 rg BT 199.56 188.10 Td (asset ) Tj ET Q
q 0 0 0 rg BT 222.83 188.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 279.33 188.10 Td (firms, ) Tj ET Q
q 0 0 0 rg BT 306.97 188.10 Td (commercial ) Tj ET Q
q 0 0 0 rg BT 359.38 188.10 Td (banks, ) Tj ET Q
q 0 0 0 rg BT 389.36 188.10 Td (insurance ) Tj ET Q
q 0 0 0 rg BT 432.45 188.10 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 482.83 188.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 500.85 188.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 525.28 188.10 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 175.50 Td (services ) Tj ET Q
q 0 0 0 rg BT 85.77 175.50 Td (companies. ) Tj ET Q
q 0 0 0 rg BT 135.25 175.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 137.06 175.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 155.34 175.50 Td (industry ) Tj ET Q
q 0 0 0 rg BT 191.71 175.50 Td (continues ) Tj ET Q
q 0 0 0 rg BT 233.90 175.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 244.02 175.50 Td (experience ) Tj ET Q
q 0 0 0 rg BT 291.44 175.50 Td (disruption ) Tj ET Q
q 0 0 0 rg BT 335.98 175.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 353.09 175.50 Td (challenges, ) Tj ET Q
q 0 0 0 rg BT 401.98 175.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 443.60 175.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 450.21 175.50 Td (shift ) Tj ET Q
q 0 0 0 rg BT 470.83 175.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 480.95 175.50 Td (lower) Tj ET Q
q 0 0 0 rg BT 504.65 175.50 Td (-fee ) Tj ET Q
q 0 0 0 rg BT 522.92 175.50 Td (passively ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 162.90 Td (managed ) Tj ET Q
q 0 0 0 rg BT 91.56 162.90 Td (products, ) Tj ET Q
q 0 0 0 rg BT 134.00 162.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 163.31 162.90 Td (contributes ) Tj ET Q
q 0 0 0 rg BT 213.63 162.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 225.45 162.90 Td (increasing ) Tj ET Q
q 0 0 0 rg BT 272.26 162.90 Td (fee ) Tj ET Q
q 0 0 0 rg BT 288.73 162.90 Td (pressure, ) Tj ET Q
q 0 0 0 rg BT 330.00 162.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 346.48 162.90 Td (increased ) Tj ET Q
q 0 0 0 rg BT 389.78 162.90 Td (role ) Tj ET Q
q 0 0 0 rg BT 409.76 162.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 422.16 162.90 Td (technology ) Tj ET Q
q 0 0 0 rg BT 472.47 162.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 484.30 162.90 Td (asset ) Tj ET Q
q 0 0 0 rg BT 508.37 162.90 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 150.30 Td (services, ) Tj ET Q
q 0 0 0 rg BT 89.07 150.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.52 150.30 Td (introduction ) Tj ET Q
q 0 0 0 rg BT 158.47 150.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 169.84 150.30 Td (new ) Tj ET Q
q 0 0 0 rg BT 189.96 150.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 229.31 150.30 Td (products ) Tj ET Q
q 0 0 0 rg BT 268.10 150.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 285.88 150.30 Td (services, ) Tj ET Q
q 0 0 0 rg BT 324.95 150.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 342.73 150.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 358.18 150.30 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 417.38 150.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 428.75 150.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 468.11 150.30 Td (services ) Tj ET Q
q 0 0 0 rg BT 504.55 150.30 Td (firms ) Tj ET Q
q 0 0 0 rg BT 529.34 150.30 Td (through ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 137.70 Td (mer) Tj ET Q
q 0 0 0 rg BT 66.14 137.70 Td (gers ) Tj ET Q
q 0 0 0 rg BT 85.29 137.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 102.11 137.70 Td (acquisitions, ) Tj ET Q
q 0 0 0 rg BT 156.56 137.70 Td (such ) Tj ET Q
q 0 0 0 rg BT 177.47 137.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 187.88 137.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 203.54 137.70 Td (pending ) Tj ET Q
q 0 0 0 rg BT 239.03 137.70 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 286.76 137.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 298.93 137.70 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 336.05 137.70 Td (T) Tj ET Q
q 0 0 0 rg BT 341.73 137.70 Td (empleton, ) Tj ET Q
q 0 0 0 rg BT 385.09 137.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 395.50 137.70 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 437.41 137.70 Td (above. ) Tj ET Q
q 0 0 0 rg BT 466.76 137.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 468.30 137.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 486.29 137.70 Td (asset ) Tj ET Q
q 0 0 0 rg BT 508.36 137.70 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 125.10 Td (industry ) Tj ET Q
q 0 0 0 rg BT 87.58 125.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 97.74 125.10 Td (also ) Tj ET Q
q 0 0 0 rg BT 117.82 125.10 Td (subject ) Tj ET Q
q 0 0 0 rg BT 150.72 125.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 162.04 125.10 Td (extensive ) Tj ET Q
q 0 0 0 rg BT 204.86 125.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 223.18 125.10 Td (evolving ) Tj ET Q
q 0 0 0 rg BT 263.08 125.10 Td (regulation ) Tj ET Q
q 0 0 0 rg BT 308.81 125.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 335.88 125.10 Td (federal, ) Tj ET Q
q 0 0 0 rg BT 370.81 125.10 Td (state, ) Tj ET Q
q 0 0 0 rg BT 395.83 125.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 414.16 125.10 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 447.64 125.10 Td (laws. ) Tj ET Q
q 0 0 0 rg BT 472.67 125.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 475.83 125.10 Td (Like ) Tj ET Q
q 0 0 0 rg BT 498.23 125.10 Td (most ) Tj ET Q
q 0 0 0 rg BT 521.81 125.10 Td (firms, ) Tj ET Q
q 0 0 0 rg BT 549.76 125.10 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 112.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 71.80 112.50 Td (been ) Tj ET Q
q 0 0 0 rg BT 93.60 112.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 110.74 112.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 129.05 112.50 Td (continue ) Tj ET Q
q 0 0 0 rg BT 167.19 112.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 177.34 112.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 189.23 112.50 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 229.69 112.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 242.17 112.50 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 287.30 112.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 304.44 112.50 Td (legislative ) Tj ET Q
q 0 0 0 rg BT 349.57 112.50 Td (changes. ) Tj ET Q
q 0 0 0 rg BT 387.99 112.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 389.97 112.50 Td (Responding ) Tj ET Q
q 0 0 0 rg BT 442.12 112.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 452.27 112.50 Td (these ) Tj ET Q
q 0 0 0 rg BT 475.82 112.50 Td (changes ) Tj ET Q
q 0 0 0 rg BT 511.62 112.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 528.76 112.50 Td (keeping ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 99.90 Td (abreast ) Tj ET Q
q 0 0 0 rg BT 81.91 99.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 92.83 99.90 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 138.15 99.90 Td (developments, ) Tj ET Q
q 0 0 0 rg BT 201.28 99.90 Td (has ) Tj ET Q
q 0 0 0 rg BT 217.45 99.90 Td (required, ) Tj ET Q
q 0 0 0 rg BT 257.23 99.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 274.57 99.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 293.08 99.90 Td (continue ) Tj ET Q
q 0 0 0 rg BT 331.41 99.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 341.75 99.90 Td (require, ) Tj ET Q
q 0 0 0 rg BT 376.28 99.90 Td (us ) Tj ET Q
q 0 0 0 rg BT 387.79 99.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 398.14 99.90 Td (incur ) Tj ET Q
q 0 0 0 rg BT 421.89 99.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 445.06 99.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 462.98 99.90 Td (impact ) Tj ET Q
q 0 0 0 rg BT 493.73 99.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 509.91 99.90 Td (profitability) Tj ET Q
q 0 0 0 rg BT 559.38 99.90 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 74.70 Td (Our ) Tj ET Q
q 0 0 0 rg BT 69.48 74.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 109.37 74.70 Td (position ) Tj ET Q
q 0 0 0 rg BT 146.36 74.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 164.67 74.70 Td (results ) Tj ET Q
q 0 0 0 rg BT 195.24 74.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.14 74.70 Td (operations ) Tj ET Q
q 0 0 0 rg BT 254.03 74.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 270.01 74.70 Td (materially ) Tj ET Q
q 0 0 0 rg BT 315.72 74.70 Td (af) Tj ET Q
q 0 0 0 rg BT 323.69 74.70 Td (fected ) Tj ET Q
q 0 0 0 rg BT 352.49 74.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 366.15 74.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 382.13 74.70 Td (overall ) Tj ET Q
q 0 0 0 rg BT 414.43 74.70 Td (trends ) Tj ET Q
q 0 0 0 rg BT 443.25 74.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 461.56 74.70 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 508.46 74.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 519.78 74.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 535.77 74.70 Td (global ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 62.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 89.82 62.10 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 128.77 62.10 Td (such ) Tj ET Q
q 0 0 0 rg BT 151.10 62.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 162.94 62.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.85 62.10 Td (extreme ) Tj ET Q
q 0 0 0 rg BT 215.75 62.10 Td (market ) Tj ET Q
q 0 0 0 rg BT 247.99 62.10 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 294.82 62.10 Td (experienced ) Tj ET Q
q 0 0 0 rg BT 348.63 62.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 359.29 62.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.21 62.10 Td (end ) Tj ET Q
q 0 0 0 rg BT 393.45 62.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 405.29 62.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 422.37 62.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 448.20 62.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 469.35 62.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 487.60 62.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 498.85 62.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.77 62.10 Td (COVID-19 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 49.50 Td (pandemic. ) Tj ET Q
q 0 0 0 rg BT 96.07 49.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.69 49.50 Td (Results ) Tj ET Q
q 0 0 0 rg BT 132.24 49.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 143.61 49.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 161.40 49.50 Td (individual ) Tj ET Q
q 0 0 0 rg BT 206.60 49.50 Td (period ) Tj ET Q
q 0 0 0 rg BT 236.05 49.50 Td (should ) Tj ET Q
q 0 0 0 rg BT 266.68 49.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 282.72 49.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 295.26 49.50 Td (considered ) Tj ET Q
q 0 0 0 rg BT 343.37 49.50 Td (representative ) Tj ET Q
q 0 0 0 rg BT 404.88 49.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 416.25 49.50 Td (future ) Tj ET Q
q 0 0 0 rg BT 443.94 49.50 Td (results. ) Tj ET Q
endstream
endobj
81 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 82 0 R>>
endobj
82 0 obj
<</Length 48057>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (38) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 69.42 741.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 112.16 741.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 152.56 741.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 194.73 741.75 Td (consist ) Tj ET Q
q 0 0 0 rg BT 226.98 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 238.82 741.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 287.99 741.75 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 327.24 741.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 347.23 741.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 370.73 741.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 397.15 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 415.40 741.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 452.88 741.75 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 495.33 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 513.58 741.75 Td (distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.27 729.15 Td (service ) Tj ET Q
q 0 0 0 rg BT 99.10 729.15 Td (fees. ) Tj ET Q
q 0 0 0 rg BT 120.74 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 122.84 729.15 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 171.60 729.15 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 209.87 729.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 228.88 729.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 243.80 729.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 284.97 729.15 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 329.63 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 340.48 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 347.24 729.15 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 394.81 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 405.67 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.60 729.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 447.20 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 458.05 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.98 729.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 521.17 729.15 Td (portfolios ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 68.66 716.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 83.83 716.55 Td (manage. ) Tj ET Q
q 0 0 0 rg BT 122.02 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 124.94 716.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 136.60 716.55 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 176.56 716.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 232.53 716.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 252.35 716.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 273.35 716.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 286.18 716.55 Td (earned ) Tj ET Q
q 0 0 0 rg BT 317.07 716.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 343.90 716.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 375.38 716.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 424.38 716.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 463.46 716.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 504.27 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 519.44 716.55 Td (exceeding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 703.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 107.35 703.95 Td (benchmarks ) Tj ET Q
q 0 0 0 rg BT 162.39 703.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 175.44 703.95 Td (hurdle ) Tj ET Q
q 0 0 0 rg BT 206.56 703.95 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 233.31 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 237.30 703.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 257.93 703.95 Td (lar) Tj ET Q
q 0 0 0 rg BT 268.82 703.95 Td (gest ) Tj ET Q
q 0 0 0 rg BT 290.03 703.95 Td (portion ) Tj ET Q
q 0 0 0 rg BT 324.67 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 337.71 703.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 356.01 703.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 413.37 703.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 434.57 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 445.88 703.95 Td (earned ) Tj ET Q
q 0 0 0 rg BT 478.16 703.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 506.37 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 521.17 703.95 Td (12-month ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.73 691.35 Td (periods ) Tj ET Q
q 0 0 0 rg BT 139.32 691.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 157.74 691.35 Td (end ) Tj ET Q
q 0 0 0 rg BT 175.58 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 186.43 691.35 Td (dif) Tj ET Q
q 0 0 0 rg BT 197.90 691.35 Td (fering ) Tj ET Q
q 0 0 0 rg BT 225.65 691.35 Td (quarters ) Tj ET Q
q 0 0 0 rg BT 262.15 691.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 292.24 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 307.75 691.35 Td (year) Tj ET Q
q 0 0 0 rg BT 325.40 691.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 330.70 691.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 352.05 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 359.39 691.35 Td (portion ) Tj ET Q
q 0 0 0 rg BT 392.40 691.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 418.98 691.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 432.16 691.35 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 472.74 691.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 528.47 691.35 Td (periods. ) Tj ET Q
q 0 0 0 rg BT 564.63 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 567.25 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 569.88 691.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.75 Td (W) Tj ET Q
q 0 0 0 rg BT 59.07 678.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.92 678.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 85.03 678.75 Td (earn ) Tj ET Q
q 0 0 0 rg BT 105.30 678.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 160.54 678.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 179.64 678.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 192.33 678.75 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 238.84 678.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 277.19 678.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 295.13 678.75 Td (lock ) Tj ET Q
q 0 0 0 rg BT 315.40 678.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 325.18 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.20 678.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 357.55 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 368.50 678.75 Td (varying ) Tj ET Q
q 0 0 0 rg BT 402.76 678.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 451.04 678.75 Td (periods ) Tj ET Q
q 0 0 0 rg BT 484.14 678.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 495.08 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 505.44 678.75 Td (multiple-year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 666.15 Td (intervals. ) Tj ET Q
q 0 0 0 rg BT 90.95 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 93.11 666.15 Td (Per ) Tj ET Q
q 0 0 0 rg BT 109.27 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 124.26 666.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 149.75 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 160.66 666.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 191.39 666.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 215.13 666.15 Td (recent ) Tj ET Q
q 0 0 0 rg BT 242.94 666.15 Td (acquisitions, ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
297.89 673.43 266.73 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 297.89 666.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 353.10 666.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 372.17 666.15 Td (earned ) Tj ET Q
q 0 0 0 rg BT 402.31 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 414.98 666.15 Td (pre-close ) Tj ET Q
q 0 0 0 rg BT 455.62 666.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 482.28 666.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 508.35 666.15 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
50.00 660.83 514.63 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 50.00 653.55 Td (\("AUM"\) ) Tj ET Q
q 0 0 0 rg BT 92.96 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 104.60 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.32 653.55 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 159.36 653.55 Td (entities ) Tj ET Q
q 0 0 0 rg BT 192.59 653.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 208.30 653.55 Td (fully ) Tj ET Q
q 0 0 0 rg BT 231.02 653.55 Td (passed ) Tj ET Q
q 0 0 0 rg BT 261.91 653.55 Td (through ) Tj ET Q
q 0 0 0 rg BT 297.47 653.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 309.11 653.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 370.33 653.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 407.04 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 425.09 653.55 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 465.88 653.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 488.59 653.55 Td (no ) Tj ET Q
q 0 0 0 rg BT 501.99 653.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 533.45 653.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 546.85 653.55 Td (Net ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
50.00 648.23 214.78 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 50.00 640.95 Td (Income ) Tj ET Q
q 0 0 0 rg BT 85.18 640.95 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 114.89 640.95 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 169.32 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 181.19 640.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 206.46 640.95 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 241.36 640.95 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 261.09 640.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 264.78 640.95 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 319.23 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 338.09 640.95 Td (service ) Tj ET Q
q 0 0 0 rg BT 371.52 640.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 392.12 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 408.63 640.95 Td (received ) Tj ET Q
q 0 0 0 rg BT 447.88 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 463.82 640.95 Td (distributing ) Tj ET Q
q 0 0 0 rg BT 515.94 640.95 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 89.78 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.56 628.35 Td (services, ) Tj ET Q
q 0 0 0 rg BT 148.63 628.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 164.49 628.35 Td (providing ) Tj ET Q
q 0 0 0 rg BT 208.95 628.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 234.14 628.35 Td (support ) Tj ET Q
q 0 0 0 rg BT 269.26 628.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 306.70 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 318.49 628.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 368.19 628.35 Td (portfolios, ) Tj ET Q
q 0 0 0 rg BT 415.27 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 427.64 628.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 443.50 628.35 Td (providing ) Tj ET Q
q 0 0 0 rg BT 487.95 628.35 Td (non-discretionary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 615.75 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 89.49 615.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 126.65 615.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 142.22 615.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 170.05 615.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 197.29 615.75 Td (advisement ) Tj ET Q
q 0 0 0 rg BT 248.44 615.75 Td (\("AUA"\), ) Tj ET Q
q 0 0 0 rg BT 292.72 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 311.21 615.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 327.36 615.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 369.76 615.75 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 415.64 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 427.72 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 435.72 615.75 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 484.52 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 496.60 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.76 615.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 540.59 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 552.09 615.75 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 97.63 603.15 Td (portfolio ) Tj ET Q
q 0 0 0 rg BT 135.92 603.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 146.22 603.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 156.52 603.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 162.73 603.15 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 209.75 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 220.05 603.15 Td (new ) Tj ET Q
q 0 0 0 rg BT 239.09 603.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 265.14 603.15 Td (added ) Tj ET Q
q 0 0 0 rg BT 291.76 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 301.48 603.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 312.94 603.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 360.57 603.15 Td (portfolio. ) Tj ET Q
q 0 0 0 rg BT 401.49 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 403.04 603.15 Td (Our ) Tj ET Q
q 0 0 0 rg BT 420.92 603.15 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 462.41 603.15 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 504.48 603.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 518.85 603.15 Td (dependent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 590.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 74.08 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 89.99 590.55 Td (level ) Tj ET Q
q 0 0 0 rg BT 113.47 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.30 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 141.70 590.55 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 169.28 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 186.84 590.55 Td (AUA) Tj ET Q
q 0 0 0 rg BT 209.01 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 212.09 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 230.33 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 246.24 590.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 277.88 590.55 Td (fee ) Tj ET Q
q 0 0 0 rg BT 293.78 590.55 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 319.31 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 337.55 590.55 Td (thus ) Tj ET Q
q 0 0 0 rg BT 358.13 590.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 374.03 590.55 Td (af) Tj ET Q
q 0 0 0 rg BT 382.00 590.55 Td (fected ) Tj ET Q
q 0 0 0 rg BT 410.73 590.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 424.31 590.55 Td (factors ) Tj ET Q
q 0 0 0 rg BT 455.95 590.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 478.28 590.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 490.11 590.55 Td (securities ) Tj ET Q
q 0 0 0 rg BT 532.84 590.55 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 577.95 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 98.71 577.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 115.05 577.95 Td (ability ) Tj ET Q
q 0 0 0 rg BT 144.22 577.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 154.73 577.95 Td (attract ) Tj ET Q
q 0 0 0 rg BT 183.30 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 200.80 577.95 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 239.37 577.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 266.21 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 283.71 577.95 Td (key ) Tj ET Q
q 0 0 0 rg BT 301.21 577.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 349.63 577.95 Td (personnel, ) Tj ET Q
q 0 0 0 rg BT 395.42 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 412.92 577.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 461.34 577.95 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 519.35 577.95 Td (Our ) Tj ET Q
q 0 0 0 rg BT 537.51 577.95 Td (AUM ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 87.01 565.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 110.61 565.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 140.63 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 151.99 565.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 182.00 565.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 224.27 565.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 242.62 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 253.98 565.35 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 288.67 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 307.02 565.35 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 346.97 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 358.90 565.35 Td (client ) Tj ET Q
q 0 0 0 rg BT 385.42 565.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 413.11 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 431.46 565.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 463.80 565.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 520.05 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 531.98 565.35 Td (well ) Tj ET Q
q 0 0 0 rg BT 553.25 565.35 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 552.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 85.67 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 95.68 552.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 127.85 552.75 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 169.34 552.75 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 193.64 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 195.49 552.75 Td (Client ) Tj ET Q
q 0 0 0 rg BT 223.00 552.75 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 263.93 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 273.94 552.75 Td (increase ) Tj ET Q
q 0 0 0 rg BT 310.18 552.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 320.78 552.75 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 358.76 552.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 379.85 552.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 406.20 552.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 431.96 552.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 447.80 552.75 Td (management, ) Tj ET Q
q 0 0 0 rg BT 505.92 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 522.93 552.75 Td (decisions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 63.15 540.15 Td (potential ) Tj ET Q
q 0 0 0 rg BT 102.53 540.15 Td (clients ) Tj ET Q
q 0 0 0 rg BT 132.59 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 143.40 540.15 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 172.29 540.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 188.93 540.15 Td (services, ) Tj ET Q
q 0 0 0 rg BT 228.02 540.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 248.74 540.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 261.30 540.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 287.85 540.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 301.00 540.15 Td (one ) Tj ET Q
q 0 0 0 rg BT 318.80 540.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 330.20 540.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 354.42 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.81 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 373.11 540.15 Td (number ) Tj ET Q
q 0 0 0 rg BT 407.83 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 419.23 540.15 Td (factors. ) Tj ET Q
q 0 0 0 rg BT 453.07 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 455.52 540.15 Td (These ) Tj ET Q
q 0 0 0 rg BT 483.24 540.15 Td (factors ) Tj ET Q
q 0 0 0 rg BT 514.45 540.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 548.00 540.15 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 527.55 Td (reputation ) Tj ET Q
q 0 0 0 rg BT 94.03 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 103.65 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 117.94 527.55 Td (marketplace, ) Tj ET Q
q 0 0 0 rg BT 173.33 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.61 527.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 235.15 527.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 289.66 527.55 Td (\(both ) Tj ET Q
q 0 0 0 rg BT 313.28 527.55 Td (absolute ) Tj ET Q
q 0 0 0 rg BT 349.73 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 366.35 527.55 Td (relative ) Tj ET Q
q 0 0 0 rg BT 399.29 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 408.92 527.55 Td (benchmarks ) Tj ET Q
q 0 0 0 rg BT 461.11 527.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 471.31 527.55 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 522.34 527.55 Td (products\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.51 514.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 76.28 514.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 114.21 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 131.14 514.95 Td (services, ) Tj ET Q
q 0 0 0 rg BT 169.35 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.94 514.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 202.61 514.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 216.63 514.95 Td (char) Tj ET Q
q 0 0 0 rg BT 234.50 514.95 Td (ge ) Tj ET Q
q 0 0 0 rg BT 246.18 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 260.19 514.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 275.96 514.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 323.80 514.95 Td (services, ) Tj ET Q
q 0 0 0 rg BT 362.01 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 376.61 514.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 401.70 514.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 412.21 514.95 Td (potential ) Tj ET Q
q 0 0 0 rg BT 450.72 514.95 Td (client's ) Tj ET Q
q 0 0 0 rg BT 481.79 514.95 Td (situation, ) Tj ET Q
q 0 0 0 rg BT 522.35 514.95 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 97.93 502.35 Td (objectives, ) Tj ET Q
q 0 0 0 rg BT 144.97 502.35 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 182.41 502.35 Td (needs, ) Tj ET Q
q 0 0 0 rg BT 210.79 502.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 258.71 502.35 Td (horizon ) Tj ET Q
q 0 0 0 rg BT 292.63 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 309.64 502.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 342.99 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 353.58 502.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 379.93 502.35 Td (managed, ) Tj ET Q
q 0 0 0 rg BT 422.30 502.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 438.15 502.35 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 493.65 502.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 514.17 502.35 Td (distributors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.69 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.04 489.75 Td (external ) Tj ET Q
q 0 0 0 rg BT 119.38 489.75 Td (economic ) Tj ET Q
q 0 0 0 rg BT 162.72 489.75 Td (environment, ) Tj ET Q
q 0 0 0 rg BT 220.95 489.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 263.14 489.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 294.81 489.75 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 343.72 489.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 371.90 489.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 394.83 489.75 Td (extremely ) Tj ET Q
q 0 0 0 rg BT 439.34 489.75 Td (challenged ) Tj ET Q
q 0 0 0 rg BT 487.34 489.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 517.28 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 532.64 489.75 Td (last ) Tj ET Q
q 0 0 0 rg BT 549.75 489.75 Td (six ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 477.15 Td (weeks ) Tj ET Q
q 0 0 0 rg BT 78.87 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 90.24 477.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 106.86 477.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 132.22 477.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 152.92 477.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 170.70 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 181.49 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 196.95 477.15 Td (global ) Tj ET Q
q 0 0 0 rg BT 225.82 477.15 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 275.69 477.15 Td (pandemic. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 451.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.77 451.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 90.12 451.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 109.32 451.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 125.01 451.95 Td (char) Tj ET Q
q 0 0 0 rg BT 142.89 451.95 Td (ge ) Tj ET Q
q 0 0 0 rg BT 156.25 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 171.94 451.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 189.38 451.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 238.91 451.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 276.17 451.95 Td (vary ) Tj ET Q
q 0 0 0 rg BT 298.28 451.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 325.63 451.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 350.08 451.95 Td (factors ) Tj ET Q
q 0 0 0 rg BT 382.10 451.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 404.79 451.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 416.99 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 433.26 451.95 Td (type ) Tj ET Q
q 0 0 0 rg BT 454.79 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 466.98 451.95 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 515.92 451.95 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 439.35 Td (product, ) Tj ET Q
q 0 0 0 rg BT 88.60 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 105.32 439.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 140.72 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 152.50 439.35 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 183.53 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.25 439.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 224.56 439.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 282.11 439.35 Td (af) Tj ET Q
q 0 0 0 rg BT 290.07 439.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 318.46 439.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 338.10 439.35 Td (provides ) Tj ET Q
q 0 0 0 rg BT 378.16 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 394.89 439.35 Td (services, ) Tj ET Q
q 0 0 0 rg BT 435.23 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 454.29 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 471.01 439.35 Td (type ) Tj ET Q
q 0 0 0 rg BT 492.99 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 505.64 439.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 543.35 439.35 Td (\(and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 98.69 426.75 Td (objectives\) ) Tj ET Q
q 0 0 0 rg BT 147.37 426.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 165.72 426.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 181.15 426.75 Td (provided. ) Tj ET Q
q 0 0 0 rg BT 223.71 426.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 226.32 426.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 237.68 426.75 Td (general, ) Tj ET Q
q 0 0 0 rg BT 273.81 426.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 293.33 426.75 Td (earned ) Tj ET Q
q 0 0 0 rg BT 323.92 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 338.77 426.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 361.79 426.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 418.05 426.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 454.48 426.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 469.91 426.75 Td (highest ) Tj ET Q
q 0 0 0 rg BT 502.85 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 517.70 426.75 Td (alternative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 414.15 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 79.25 414.15 Td (followed ) Tj ET Q
q 0 0 0 rg BT 118.70 414.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 131.32 414.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 159.69 414.15 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 188.94 414.15 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 212.64 414.15 Td (income ) Tj ET Q
q 0 0 0 rg BT 245.67 414.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 272.29 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 289.57 414.15 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 327.28 414.15 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 356.53 414.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 358.19 414.15 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 409.99 414.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 414.74 414.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 430.86 414.15 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 470.30 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 487.58 414.15 Td (average ) Tj ET Q
q 0 0 0 rg BT 522.35 414.15 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 401.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 85.70 401.55 Td (yields ) Tj ET Q
q 0 0 0 rg BT 113.25 401.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 132.06 401.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 144.44 401.55 Td (af) Tj ET Q
q 0 0 0 rg BT 152.41 401.55 Td (fected ) Tj ET Q
q 0 0 0 rg BT 180.53 401.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 193.50 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 208.80 401.55 Td (composition ) Tj ET Q
q 0 0 0 rg BT 263.19 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 274.40 401.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 290.33 401.55 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 319.92 401.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 341.06 401.55 Td (changes ) Tj ET Q
q 0 0 0 rg BT 377.35 401.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 387.99 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.29 401.55 Td (relative ) Tj ET Q
q 0 0 0 rg BT 437.24 401.55 Td (level ) Tj ET Q
q 0 0 0 rg BT 460.12 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 471.34 401.55 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 518.12 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 535.75 401.55 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 388.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 76.35 388.95 Td (typically ) Tj ET Q
q 0 0 0 rg BT 114.94 388.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 138.36 388.95 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 192.70 388.95 Td (impacting ) Tj ET Q
q 0 0 0 rg BT 236.54 388.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 252.39 388.95 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 291.56 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 308.57 388.95 Td (average ) Tj ET Q
q 0 0 0 rg BT 343.05 388.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 384.56 388.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 419.64 388.95 Td (yields. ) Tj ET Q
q 0 0 0 rg BT 449.19 388.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 450.63 388.95 Td (A) Tj ET Q
q 0 0 0 rg BT 457.44 388.95 Td (verage ) Tj ET Q
q 0 0 0 rg BT 487.27 388.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 528.77 388.95 Td (revenue ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.35 Td (yields ) Tj ET Q
q 0 0 0 rg BT 78.36 376.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 94.45 376.35 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 140.28 376.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 152.30 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 168.41 376.35 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 190.92 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.94 376.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 224.88 376.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 267.81 376.35 Td (revenue, ) Tj ET Q
q 0 0 0 rg BT 306.94 376.35 Td (less ) Tj ET Q
q 0 0 0 rg BT 325.96 376.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 382.29 376.35 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 405.09 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 416.54 376.35 Td (average ) Tj ET Q
q 0 0 0 rg BT 451.73 376.35 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 482.13 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 485.40 376.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 497.43 376.35 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 537.74 376.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.18 376.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 363.75 Td (ordinary ) Tj ET Q
q 0 0 0 rg BT 87.58 363.75 Td (course ) Tj ET Q
q 0 0 0 rg BT 117.00 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 127.75 363.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 143.76 363.75 Td (business, ) Tj ET Q
q 0 0 0 rg BT 183.98 363.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 198.23 363.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 218.32 363.75 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 248.31 363.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 259.07 363.75 Td (waive ) Tj ET Q
q 0 0 0 rg BT 286.15 363.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 334.23 363.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 389.89 363.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 408.80 363.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 419.56 363.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 440.23 363.75 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 482.77 363.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 495.28 363.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 525.86 363.75 Td (products ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 61.58 351.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 98.22 351.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 113.29 351.15 Td (particular ) Tj ET Q
q 0 0 0 rg BT 156.35 351.15 Td (time ) Tj ET Q
q 0 0 0 rg BT 177.84 351.15 Td (periods ) Tj ET Q
q 0 0 0 rg BT 211.58 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 222.58 351.15 Td (limit ) Tj ET Q
q 0 0 0 rg BT 245.24 351.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 267.32 351.15 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 310.68 351.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 322.25 351.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 337.32 351.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 361.73 351.15 Td (reasons, ) Tj ET Q
q 0 0 0 rg BT 398.67 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 416.66 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 427.66 351.15 Td (help ) Tj ET Q
q 0 0 0 rg BT 448.56 351.15 Td (retain ) Tj ET Q
q 0 0 0 rg BT 475.30 351.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 486.87 351.15 Td (increase ) Tj ET Q
q 0 0 0 rg BT 524.09 351.15 Td (managed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 338.55 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 80.07 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 83.01 338.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 102.29 338.55 Td (industry ) Tj ET Q
q 0 0 0 rg BT 139.65 338.55 Td (continues ) Tj ET Q
q 0 0 0 rg BT 182.84 338.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 193.95 338.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 206.81 338.55 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 248.24 338.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 261.68 338.55 Td (disruption ) Tj ET Q
q 0 0 0 rg BT 307.21 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 325.32 338.55 Td (challenges, ) Tj ET Q
q 0 0 0 rg BT 375.20 338.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 396.82 338.55 Td (continued ) Tj ET Q
q 0 0 0 rg BT 441.17 338.55 Td (migration ) Tj ET Q
q 0 0 0 rg BT 484.94 338.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 508.30 338.55 Td (higher ) Tj ET Q
q 0 0 0 rg BT 538.07 338.55 Td (fee ) Tj ET Q
q 0 0 0 rg BT 553.83 338.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 325.95 Td (lower ) Tj ET Q
q 0 0 0 rg BT 76.53 325.95 Td (fee ) Tj ET Q
q 0 0 0 rg BT 91.98 325.95 Td (products, ) Tj ET Q
q 0 0 0 rg BT 133.39 325.95 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 170.42 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 188.20 325.95 Td (share ) Tj ET Q
q 0 0 0 rg BT 212.98 325.95 Td (classes, ) Tj ET Q
q 0 0 0 rg BT 247.39 325.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 275.67 325.95 Td (continues ) Tj ET Q
q 0 0 0 rg BT 318.54 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 329.33 325.95 Td (put ) Tj ET Q
q 0 0 0 rg BT 345.38 325.95 Td (pressure ) Tj ET Q
q 0 0 0 rg BT 382.99 325.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 396.11 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 411.57 325.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 431.10 325.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 445.97 325.95 Td (char) Tj ET Q
q 0 0 0 rg BT 463.84 325.95 Td (ge ) Tj ET Q
q 0 0 0 rg BT 476.38 325.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 491.25 325.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 507.87 325.95 Td (products. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 300.75 Td (W) Tj ET Q
q 0 0 0 rg BT 59.07 300.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 67.28 300.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 90.65 300.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 127.42 300.75 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 161.88 300.75 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 221.99 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 233.70 300.75 Td (place ) Tj ET Q
q 0 0 0 rg BT 259.40 300.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 281.62 300.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 313.73 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 326.02 300.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 343.57 300.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 367.53 300.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 424.72 300.75 Td (af) Tj ET Q
q 0 0 0 rg BT 432.69 300.75 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 467.43 300.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 494.89 300.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 524.10 300.75 Td (specified ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 288.15 Td (percentages ) Tj ET Q
q 0 0 0 rg BT 102.11 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 113.42 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 128.81 288.15 Td (af) Tj ET Q
q 0 0 0 rg BT 136.77 288.15 Td (filiates' ) Tj ET Q
q 0 0 0 rg BT 169.80 288.15 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 209.68 288.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 225.05 288.15 Td (required ) Tj ET Q
q 0 0 0 rg BT 262.59 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 273.32 288.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 285.79 288.15 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 333.26 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 343.99 288.15 Td (us ) Tj ET Q
q 0 0 0 rg BT 355.89 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 373.61 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 389.00 288.15 Td (balance ) Tj ET Q
q 0 0 0 rg BT 423.62 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 434.92 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 450.31 288.15 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 490.18 288.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 499.75 288.15 Td (retained ) Tj ET Q
q 0 0 0 rg BT 536.12 288.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 549.18 288.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 275.55 Td (af) Tj ET Q
q 0 0 0 rg BT 57.97 275.55 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 89.89 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 101.40 275.55 Td (pay ) Tj ET Q
q 0 0 0 rg BT 119.91 275.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 142.49 275.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 185.49 275.55 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 229.37 275.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 272.37 275.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 334.04 275.55 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 377.92 275.55 Td (but ) Tj ET Q
q 0 0 0 rg BT 394.68 275.55 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 439.43 275.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 471.34 275.55 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 512.59 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 531.09 275.55 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 262.95 Td (taxes. ) Tj ET Q
q 0 0 0 rg BT 76.56 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 78.93 262.95 Td (Under ) Tj ET Q
q 0 0 0 rg BT 107.53 262.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 131.47 262.95 Td (revenue-sharing ) Tj ET Q
q 0 0 0 rg BT 201.48 262.95 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 263.02 262.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 279.38 262.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 302.16 262.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 358.17 262.95 Td (af) Tj ET Q
q 0 0 0 rg BT 366.14 262.95 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 397.08 262.95 Td (retain ) Tj ET Q
q 0 0 0 rg BT 423.34 262.95 Td (dif) Tj ET Q
q 0 0 0 rg BT 434.82 262.95 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 461.67 262.95 Td (percentages ) Tj ET Q
q 0 0 0 rg BT 513.58 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 524.70 262.95 Td (revenues ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.63 250.35 Td (cover ) Tj ET Q
q 0 0 0 rg BT 86.41 250.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 108.11 250.35 Td (costs. ) Tj ET Q
q 0 0 0 rg BT 134.20 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 136.66 250.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 163.03 250.35 Td (af) Tj ET Q
q 0 0 0 rg BT 170.99 250.35 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 202.03 250.35 Td (operate ) Tj ET Q
q 0 0 0 rg BT 235.39 250.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 261.75 250.35 Td (budget ) Tj ET Q
q 0 0 0 rg BT 292.79 250.35 Td (processes ) Tj ET Q
q 0 0 0 rg BT 335.49 250.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 356.62 250.35 Td (varying ) Tj ET Q
q 0 0 0 rg BT 391.16 250.35 Td (mar) Tj ET Q
q 0 0 0 rg BT 407.29 250.35 Td (gin ) Tj ET Q
q 0 0 0 rg BT 423.17 250.35 Td (tar) Tj ET Q
q 0 0 0 rg BT 434.06 250.35 Td (gets. ) Tj ET Q
q 0 0 0 rg BT 456.06 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 457.97 250.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 472.10 250.35 Td (such, ) Tj ET Q
q 0 0 0 rg BT 496.44 250.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 512.90 250.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 530.52 250.35 Td (Income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 237.75 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 79.58 237.75 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 133.84 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 145.54 237.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 170.64 237.75 Td (Mason,�Inc., ) Tj ET Q
q 0 0 0 rg BT 226.65 237.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 269.83 237.75 Td (mar) Tj ET Q
q 0 0 0 rg BT 285.97 237.75 Td (gin ) Tj ET Q
q 0 0 0 rg BT 302.91 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 321.60 237.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 383.44 237.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 395.72 237.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 403.90 237.75 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 452.90 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 465.17 237.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 508.35 237.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 549.19 237.75 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 225.15 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 91.26 225.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 117.95 225.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 131.23 225.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 159.67 225.15 Td (af) Tj ET Q
q 0 0 0 rg BT 167.64 225.15 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 198.99 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.93 225.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 255.87 225.15 Td (generate ) Tj ET Q
q 0 0 0 rg BT 294.20 225.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 310.37 225.15 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 340.27 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 358.21 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 365.65 225.15 Td (change ) Tj ET Q
q 0 0 0 rg BT 398.16 225.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 408.50 225.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 435.78 225.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 446.13 225.15 Td (one ) Tj ET Q
q 0 0 0 rg BT 464.07 225.15 Td (af) Tj ET Q
q 0 0 0 rg BT 472.04 225.15 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 499.31 225.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 510.83 225.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 532.28 225.15 Td (respect ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.52 212.55 Td (one ) Tj ET Q
q 0 0 0 rg BT 78.04 212.55 Td (product ) Tj ET Q
q 0 0 0 rg BT 112.46 212.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 123.56 212.55 Td (class ) Tj ET Q
q 0 0 0 rg BT 146.33 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 157.43 212.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 195.94 212.55 Td (can ) Tj ET Q
q 0 0 0 rg BT 212.87 212.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 235.04 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 242.06 212.55 Td (dif) Tj ET Q
q 0 0 0 rg BT 253.53 212.55 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 280.37 212.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 288.33 212.55 Td (fect ) Tj ET Q
q 0 0 0 rg BT 306.42 212.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 319.28 212.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 335.63 212.55 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 375.30 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 392.81 212.55 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 430.74 212.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 451.17 212.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 463.43 212.55 Td (equal ) Tj ET Q
q 0 0 0 rg BT 488.52 212.55 Td (change ) Tj ET Q
q 0 0 0 rg BT 520.61 212.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 530.54 212.55 Td (another ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 199.95 Td (af) Tj ET Q
q 0 0 0 rg BT 57.97 199.95 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 85.71 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 97.72 199.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 109.14 199.95 Td (another ) Tj ET Q
q 0 0 0 rg BT 143.88 199.95 Td (product ) Tj ET Q
q 0 0 0 rg BT 179.21 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 191.22 199.95 Td (class ) Tj ET Q
q 0 0 0 rg BT 214.89 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 226.89 199.95 Td (products. ) Tj ET Q
q 0 0 0 rg BT 268.93 199.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 272.19 199.95 Td (In ) Tj ET Q
q 0 0 0 rg BT 284.19 199.95 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 324.49 199.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 348.15 199.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 370.07 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 381.50 199.95 Td (time, ) Tj ET Q
q 0 0 0 rg BT 406.04 199.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 421.54 199.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 442.88 199.95 Td (agree ) Tj ET Q
q 0 0 0 rg BT 468.86 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 480.29 199.95 Td (changes ) Tj ET Q
q 0 0 0 rg BT 517.36 199.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 528.79 199.95 Td (revenue ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 187.35 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 83.57 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.40 187.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 125.63 187.35 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 184.85 187.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 206.18 187.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 222.84 187.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 245.91 187.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 302.22 187.35 Td (personnel, ) Tj ET Q
q 0 0 0 rg BT 348.33 187.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 376.65 187.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 397.39 187.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 428.63 187.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 445.29 187.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 506.27 187.35 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 546.84 187.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 174.75 Td (profitability) Tj ET Q
q 0 0 0 rg BT 99.48 174.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 149.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.71 149.55 Td (most ) Tj ET Q
q 0 0 0 rg BT 91.52 149.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 138.23 149.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 180.27 149.55 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 220.55 149.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 235.76 149.55 Td (employee ) Tj ET Q
q 0 0 0 rg BT 278.96 149.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 339.66 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 357.21 149.55 Td (benefits, ) Tj ET Q
q 0 0 0 rg BT 395.46 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 406.59 149.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 434.63 149.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 441.68 149.55 Td (majority ) Tj ET Q
q 0 0 0 rg BT 479.64 149.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 489.03 149.55 Td (variable ) Tj ET Q
q 0 0 0 rg BT 525.22 149.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 535.78 149.55 Td (nature ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.49 136.95 Td (includes ) Tj ET Q
q 0 0 0 rg BT 104.82 136.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 145.63 136.95 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 208.91 136.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 215.90 136.95 Td (portion ) Tj ET Q
q 0 0 0 rg BT 248.56 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 259.64 136.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 287.64 136.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 296.97 136.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 323.21 136.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 346.54 136.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 382.10 136.95 Td (levels, ) Tj ET Q
q 0 0 0 rg BT 411.55 136.95 Td (non-compensation ) Tj ET Q
q 0 0 0 rg BT 491.45 136.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 522.35 136.95 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 124.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 85.93 124.35 Td (levels ) Tj ET Q
q 0 0 0 rg BT 112.54 124.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 122.23 124.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 157.58 124.35 Td (share-based ) Tj ET Q
q 0 0 0 rg BT 209.25 124.35 Td (af) Tj ET Q
q 0 0 0 rg BT 217.22 124.35 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 250.53 124.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 305.70 124.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 324.72 124.35 Td (passed ) Tj ET Q
q 0 0 0 rg BT 354.82 124.35 Td (through ) Tj ET Q
q 0 0 0 rg BT 389.60 124.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 400.46 124.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 460.90 124.35 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 499.46 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 516.73 124.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 532.85 124.35 Td (overall ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 111.75 Td (profitability) Tj ET Q
q 0 0 0 rg BT 99.48 111.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 105.53 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 124.11 111.75 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 175.95 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 194.54 111.75 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 236.45 111.75 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 280.40 111.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 309.49 111.75 Td (consist ) Tj ET Q
q 0 0 0 rg BT 342.08 111.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 384.58 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 396.75 111.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 417.07 111.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 438.58 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 450.17 111.75 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 498.49 111.75 Td (distributors ) Tj ET Q
q 0 0 0 rg BT 549.75 111.75 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 99.15 Td (selling ) Tj ET Q
q 0 0 0 rg BT 81.16 99.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 98.32 99.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 121.89 99.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 178.69 99.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 218.01 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 236.33 99.15 Td (services. ) Tj ET Q
q 0 0 0 rg BT 275.94 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 279.10 99.15 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 313.16 99.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 337.90 99.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 380.71 99.15 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 407.49 99.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 429.90 99.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 441.81 99.15 Td (occupancy) Tj ET Q
q 0 0 0 rg BT 486.02 99.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 491.80 99.15 Td (depreciation ) Tj ET Q
q 0 0 0 rg BT 546.85 99.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 86.55 Td (amortization, ) Tj ET Q
q 0 0 0 rg BT 109.84 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 129.15 86.55 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 154.88 86.55 Td (contract ) Tj ET Q
q 0 0 0 rg BT 192.84 86.55 Td (commitments ) Tj ET Q
q 0 0 0 rg BT 254.15 86.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 270.54 86.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 303.85 86.55 Td (data, ) Tj ET Q
q 0 0 0 rg BT 328.11 86.55 Td (communication ) Tj ET Q
q 0 0 0 rg BT 397.58 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 416.89 86.55 Td (technology ) Tj ET Q
q 0 0 0 rg BT 467.70 86.55 Td (services, ) Tj ET Q
q 0 0 0 rg BT 508.29 86.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 525.26 86.55 Td (typically ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 73.95 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 94.62 73.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 117.64 73.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 147.09 73.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 157.87 73.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 187.32 73.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 205.10 73.95 Td (usually ) Tj ET Q
q 0 0 0 rg BT 238.05 73.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 251.17 73.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 267.20 73.95 Td (decline ) Tj ET Q
q 0 0 0 rg BT 300.14 73.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 321.42 73.95 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 357.27 73.95 Td (levels ) Tj ET Q
q 0 0 0 rg BT 384.38 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.75 73.95 Td (business ) Tj ET Q
q 0 0 0 rg BT 433.95 73.95 Td (activity ) Tj ET Q
q 0 0 0 rg BT 468.06 73.95 Td (or) Tj ET Q
q 0 0 0 rg BT 476.39 73.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 481.63 73.95 Td (conversely) Tj ET Q
q 0 0 0 rg BT 526.43 73.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 531.68 73.95 Td (usually ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 61.35 Td (do ) Tj ET Q
q 0 0 0 rg BT 63.13 61.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 79.17 61.35 Td (rise ) Tj ET Q
q 0 0 0 rg BT 96.95 61.35 Td (proportionately ) Tj ET Q
q 0 0 0 rg BT 164.31 61.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 185.61 61.35 Td (increased ) Tj ET Q
q 0 0 0 rg BT 227.87 61.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 266.09 61.35 Td (activity) Tj ET Q
q 0 0 0 rg BT 296.90 61.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 302.15 61.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 312.94 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 328.39 61.35 Td (absence ) Tj ET Q
q 0 0 0 rg BT 364.25 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.62 61.35 Td (unusual ) Tj ET Q
q 0 0 0 rg BT 410.91 61.35 Td (events.) Tj ET Q
endstream
endobj
83 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 84 0 R>>
endobj
84 0 obj
<</Length 28251>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (39) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (Because ) Tj ET Q
q 0 0 0 rg BT 87.71 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 104.44 741.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 144.48 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 162.37 741.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 177.93 741.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 211.56 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 227.11 741.75 Td (derived ) Tj ET Q
q 0 0 0 rg BT 261.32 741.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 303.13 741.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 325.66 741.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 352.90 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 370.79 741.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 390.42 741.75 Td (associated ) Tj ET Q
q 0 0 0 rg BT 436.30 741.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 457.70 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 474.42 741.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 523.23 741.75 Td (products, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (changes ) Tj ET Q
q 0 0 0 rg BT 85.85 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 96.05 729.15 Td (global ) Tj ET Q
q 0 0 0 rg BT 124.33 729.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 163.09 729.15 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 200.99 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 215.85 729.15 Td (composition ) Tj ET Q
q 0 0 0 rg BT 269.79 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 286.99 729.15 Td (level ) Tj ET Q
q 0 0 0 rg BT 309.42 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 319.75 729.15 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 348.91 729.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 363.77 729.15 Td (new ) Tj ET Q
q 0 0 0 rg BT 383.30 729.15 Td (business ) Tj ET Q
q 0 0 0 rg BT 420.92 729.15 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 454.45 729.15 Td (\(or ) Tj ET Q
q 0 0 0 rg BT 468.73 729.15 Td (outflows\) ) Tj ET Q
q 0 0 0 rg BT 511.00 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 528.20 729.15 Td (changes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.25 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 77.16 716.55 Td (mix ) Tj ET Q
q 0 0 0 rg BT 96.58 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.40 716.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 157.56 716.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 196.81 716.55 Td (between ) Tj ET Q
q 0 0 0 rg BT 234.87 716.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 258.36 716.55 Td (classes ) Tj ET Q
q 0 0 0 rg BT 290.60 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 308.84 716.55 Td (geographies ) Tj ET Q
q 0 0 0 rg BT 362.66 716.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 383.82 716.55 Td (materially ) Tj ET Q
q 0 0 0 rg BT 429.47 716.55 Td (af) Tj ET Q
q 0 0 0 rg BT 437.43 716.55 Td (fect ) Tj ET Q
q 0 0 0 rg BT 456.25 716.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 473.33 716.55 Td (results ) Tj ET Q
q 0 0 0 rg BT 503.83 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.65 716.55 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 564.64 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 567.27 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 569.89 716.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 703.95 Td (Our ) Tj ET Q
q 0 0 0 rg BT 69.15 703.95 Td (profitability ) Tj ET Q
q 0 0 0 rg BT 122.13 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 131.96 703.95 Td (sensitive ) Tj ET Q
q 0 0 0 rg BT 171.53 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 182.52 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 190.00 703.95 Td (variety ) Tj ET Q
q 0 0 0 rg BT 221.98 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 233.54 703.95 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 267.56 703.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 310.05 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.70 703.95 Td (amount ) Tj ET Q
q 0 0 0 rg BT 360.01 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 378.00 703.95 Td (composition ) Tj ET Q
q 0 0 0 rg BT 432.74 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 444.30 703.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 460.50 703.95 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 490.45 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 508.43 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 524.08 703.95 Td (volatility ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.95 691.35 Td (general ) Tj ET Q
q 0 0 0 rg BT 101.63 691.35 Td (level ) Tj ET Q
q 0 0 0 rg BT 124.83 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 136.36 691.35 Td (securities ) Tj ET Q
q 0 0 0 rg BT 178.80 691.35 Td (prices, ) Tj ET Q
q 0 0 0 rg BT 209.29 691.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 242.98 691.35 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 268.21 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 286.16 691.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 322.77 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 333.72 691.35 Td (currency ) Tj ET Q
q 0 0 0 rg BT 373.24 691.35 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 415.67 691.35 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 440.90 691.35 Td (among ) Tj ET Q
q 0 0 0 rg BT 472.27 691.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 496.63 691.35 Td (things. ) Tj ET Q
q 0 0 0 rg BT 527.71 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 530.50 691.35 Td (Periods ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.13 678.75 Td (unfavorable ) Tj ET Q
q 0 0 0 rg BT 113.65 678.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 145.18 678.75 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 191.31 678.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 206.50 678.75 Td (likely ) Tj ET Q
q 0 0 0 rg BT 232.80 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 243.34 678.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 265.54 678.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 277.83 678.75 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 312.28 678.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 320.24 678.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 338.36 678.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 351.24 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 367.61 678.75 Td (profitability) Tj ET Q
q 0 0 0 rg BT 417.09 678.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 422.09 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 424.47 678.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 435.60 678.75 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 475.01 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.22 678.75 Td (diversification ) Tj ET Q
q 0 0 0 rg BT 553.25 678.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 666.15 Td (services, ) Tj ET Q
q 0 0 0 rg BT 88.92 666.15 Td (vehicles, ) Tj ET Q
q 0 0 0 rg BT 128.41 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 146.05 666.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 184.68 666.15 Td (of) Tj ET Q
q 0 0 0 rg BT 193.24 666.15 Td (fered, ) Tj ET Q
q 0 0 0 rg BT 219.90 666.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 268.45 666.15 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 326.59 666.15 Td (access ) Tj ET Q
q 0 0 0 rg BT 355.88 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 366.52 666.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 417.41 666.15 Td (channels, ) Tj ET Q
q 0 0 0 rg BT 459.24 666.15 Td (reputation ) Tj ET Q
q 0 0 0 rg BT 504.28 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 514.92 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 530.22 666.15 Td (market, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.55 Td (attraction ) Tj ET Q
q 0 0 0 rg BT 91.40 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.31 653.55 Td (retention ) Tj ET Q
q 0 0 0 rg BT 147.38 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 157.88 653.55 Td (key ) Tj ET Q
q 0 0 0 rg BT 174.79 653.55 Td (employees ) Tj ET Q
q 0 0 0 rg BT 221.45 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 238.36 653.55 Td (client ) Tj ET Q
q 0 0 0 rg BT 263.43 653.55 Td (relations ) Tj ET Q
q 0 0 0 rg BT 301.34 653.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 315.91 653.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 361.98 653.55 Td (factors ) Tj ET Q
q 0 0 0 rg BT 392.30 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 402.22 653.55 Td (determining ) Tj ET Q
q 0 0 0 rg BT 454.71 653.55 Td (whether ) Tj ET Q
q 0 0 0 rg BT 490.28 653.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 504.27 653.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 518.84 653.55 Td (successful ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.59 640.95 Td (attracting ) Tj ET Q
q 0 0 0 rg BT 104.65 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.23 640.95 Td (retaining ) Tj ET Q
q 0 0 0 rg BT 163.97 640.95 Td (clients. ) Tj ET Q
q 0 0 0 rg BT 197.42 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 200.84 640.95 Td (In ) Tj ET Q
q 0 0 0 rg BT 213.01 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 229.25 640.95 Td (last ) Tj ET Q
q 0 0 0 rg BT 247.25 640.95 Td (few ) Tj ET Q
q 0 0 0 rg BT 266.41 640.95 Td (years, ) Tj ET Q
q 0 0 0 rg BT 294.61 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.86 640.95 Td (industry ) Tj ET Q
q 0 0 0 rg BT 348.69 640.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 366.11 640.95 Td (seen ) Tj ET Q
q 0 0 0 rg BT 388.19 640.95 Td (flows ) Tj ET Q
q 0 0 0 rg BT 414.94 640.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 434.69 640.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 474.27 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 489.93 640.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 519.01 640.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 534.67 640.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 548.59 640.95 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.35 Td (currently ) Tj ET Q
q 0 0 0 rg BT 89.87 628.35 Td (garner ) Tj ET Q
q 0 0 0 rg BT 118.66 628.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 164.95 628.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 196.08 628.35 Td (share, ) Tj ET Q
q 0 0 0 rg BT 222.83 628.35 Td (including, ) Tj ET Q
q 0 0 0 rg BT 267.09 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 277.22 628.35 Td (particular) Tj ET Q
q 0 0 0 rg BT 317.03 628.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 321.63 628.35 Td (passive ) Tj ET Q
q 0 0 0 rg BT 354.51 628.35 Td (products, ) Tj ET Q
q 0 0 0 rg BT 395.27 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 412.40 628.35 Td (corresponding ) Tj ET Q
q 0 0 0 rg BT 474.44 628.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 499.74 628.35 Td (out ) Tj ET Q
q 0 0 0 rg BT 515.13 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 525.85 628.35 Td (products ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.80 615.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 89.10 615.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 103.97 615.75 Td (do ) Tj ET Q
q 0 0 0 rg BT 117.11 615.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 139.56 615.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 171.35 615.75 Td (share. ) Tj ET Q
q 0 0 0 rg BT 198.76 615.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 215.98 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 223.28 615.75 Td (further ) Tj ET Q
q 0 0 0 rg BT 254.48 615.75 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 300.87 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 312.25 615.75 Td (factors ) Tj ET Q
q 0 0 0 rg BT 343.45 615.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 361.83 615.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 382.54 615.75 Td (af) Tj ET Q
q 0 0 0 rg BT 390.51 615.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 408.88 615.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 425.51 615.75 Td (results ) Tj ET Q
q 0 0 0 rg BT 455.56 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 466.94 615.75 Td (operations, ) Tj ET Q
q 0 0 0 rg BT 515.94 615.75 Td (refer ) Tj ET Q
q 0 0 0 rg BT 538.38 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.18 615.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.15 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 96.38 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 107.17 603.15 Td (Item ) Tj ET Q
q 0 0 0 rg BT 129.04 603.15 Td (1A. ) Tj ET Q
q 0 0 0 rg BT 147.12 603.15 Td (Risk ) Tj ET Q
q 0 0 0 rg BT 169.00 603.15 Td (Factors, ) Tj ET Q
q 0 0 0 rg BT 205.17 603.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 243.95 603.15 Td (herein.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 577.95 Td (Our Strategy) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.35 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.54 565.35 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 103.99 565.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 113.21 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 123.58 565.35 Td (expand ) Tj ET Q
q 0 0 0 rg BT 156.12 565.35 Td (client ) Tj ET Q
q 0 0 0 rg BT 181.65 565.35 Td (choice ) Tj ET Q
q 0 0 0 rg BT 211.26 565.35 Td (through ) Tj ET Q
q 0 0 0 rg BT 246.14 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.18 565.35 Td (diversification ) Tj ET Q
q 0 0 0 rg BT 324.04 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 334.99 565.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 351.20 565.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 389.00 565.35 Td (across ) Tj ET Q
q 0 0 0 rg BT 417.45 565.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 465.74 565.35 Td (strategies, ) Tj ET Q
q 0 0 0 rg BT 510.23 565.35 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 546.84 565.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 552.75 Td (access. ) Tj ET Q
q 0 0 0 rg BT 82.89 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 86.09 552.75 Td (W) Tj ET Q
q 0 0 0 rg BT 95.16 552.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 103.27 552.75 Td (focus ) Tj ET Q
q 0 0 0 rg BT 129.47 552.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 146.92 552.75 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 185.93 552.75 Td (priorities ) Tj ET Q
q 0 0 0 rg BT 227.29 552.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 241.24 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.52 552.75 Td (four ) Tj ET Q
q 0 0 0 rg BT 278.47 552.75 Td (primary ) Tj ET Q
q 0 0 0 rg BT 315.16 552.75 Td (areas ) Tj ET Q
q 0 0 0 rg BT 340.17 552.75 Td (listed ) Tj ET Q
q 0 0 0 rg BT 366.37 552.75 Td (below) Tj ET Q
q 0 0 0 rg BT 391.35 552.75 Td (.� ) Tj ET Q
q 0 0 0 rg BT 400.05 552.75 Td (Management ) Tj ET Q
q 0 0 0 rg BT 458.32 552.75 Td (considers ) Tj ET Q
q 0 0 0 rg BT 501.43 552.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 526.45 552.75 Td (strategic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.15 Td (priorities ) Tj ET Q
q 0 0 0 rg BT 90.30 540.15 Td (when ) Tj ET Q
q 0 0 0 rg BT 115.44 540.15 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 161.56 540.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 177.95 540.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 219.99 540.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 275.43 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.98 540.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 332.10 540.15 Td (condition.� ) Tj ET Q
q 0 0 0 rg BT 379.41 540.15 Td (Consistent ) Tj ET Q
q 0 0 0 rg BT 426.14 540.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 447.20 540.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 464.76 540.15 Td (approach, ) Tj ET Q
q 0 0 0 rg BT 508.25 540.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 522.89 540.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 545.10 540.15 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 527.55 Td (presented ) Tj ET Q
q 0 0 0 rg BT 92.31 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 102.56 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 117.47 527.55 Td (table ) Tj ET Q
q 0 0 0 rg BT 139.95 527.55 Td (below ) Tj ET Q
q 0 0 0 rg BT 167.69 527.55 Td (initiatives ) Tj ET Q
q 0 0 0 rg BT 211.18 527.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 223.76 527.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 251.50 527.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 307.23 527.55 Td (currently ) Tj ET Q
q 0 0 0 rg BT 347.20 527.55 Td (focuses ) Tj ET Q
q 0 0 0 rg BT 380.77 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 391.02 527.55 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 436.83 527.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 452.91 527.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 508.04 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 525.28 527.55 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 514.95 Td (condition. ) Tj ET Q
q 0 0 0 rg BT 94.20 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 95.98 514.95 Td (This ) Tj ET Q
q 0 0 0 rg BT 116.57 514.95 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 151.72 514.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 169.97 514.95 Td (developed ) Tj ET Q
q 0 0 0 rg BT 215.03 514.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 240.86 514.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 253.27 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 268.02 514.95 Td (assumption ) Tj ET Q
q 0 0 0 rg BT 317.77 514.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 335.43 514.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 349.59 514.95 Td (continue ) Tj ET Q
q 0 0 0 rg BT 387.66 514.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 398.33 514.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 410.15 514.95 Td (independent ) Tj ET Q
q 0 0 0 rg BT 463.38 514.95 Td (company) Tj ET Q
q 0 0 0 rg BT 501.19 514.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 505.73 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 507.65 514.95 Td (If ) Tj ET Q
q 0 0 0 rg BT 516.56 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.30 514.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 548.61 514.95 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 59.63 502.35 Td (completed, ) Tj ET Q
q 0 0 0 rg BT 108.61 502.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 123.48 502.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 142.44 502.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 154.98 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 162.26 502.35 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 208.05 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 219.43 502.35 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 257.44 502.35 Td (T) Tj ET Q
q 0 0 0 rg BT 263.12 502.35 Td (empleton. ) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 468.85 m
62.5 468.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.5 468.85 m
160.5 468.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
165.5 468.85 m
177.5 468.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177.5 468.85 m
562.5 468.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.5 468.85 m
160.5 468.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177.5 468.85 m
562.5 468.85 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 68.55 473.64 Td (Strategic Priorities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 347.00 473.64 Td (Initiatives) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 55.50 459.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 459.07 Td (Products) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 170.50 459.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 459.07 Td (Create an innovative portfolio of investment products and promote revenue growth by) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 448.57 Td (developing new products and leveraging the capabilities of our af) Tj ET Q
q 0 0 0 rg BT 454.86 448.57 Td (filiates) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 170.50 433.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 433.07 Td (Identify and execute strategic acquisitions to strengthen our af) Tj ET Q
q 0 0 0 rg BT 441.16 433.07 Td (filiates and increase) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 422.57 Td (product of) Tj ET Q
q 0 0 0 rg BT 223.35 422.57 Td (ferings) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 55.50 403.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 403.07 Td (Performance) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 170.50 403.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 403.07 Td (Identify ) Tj ET Q
q 0 0 0 rg BT 216.79 403.07 Td (and ) Tj ET Q
q 0 0 0 rg BT 235.50 403.07 Td (implement ) Tj ET Q
q 0 0 0 rg BT 283.95 403.07 Td (opportunities ) Tj ET Q
q 0 0 0 rg BT 342.91 403.07 Td (to ) Tj ET Q
q 0 0 0 rg BT 354.63 403.07 Td (improve ) Tj ET Q
q 0 0 0 rg BT 393.17 403.07 Td (growth ) Tj ET Q
q 0 0 0 rg BT 426.46 403.07 Td (through ) Tj ET Q
q 0 0 0 rg BT 462.68 403.07 Td (collaboration ) Tj ET Q
q 0 0 0 rg BT 521.62 403.07 Td (with ) Tj ET Q
q 0 0 0 rg BT 543.84 403.07 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 392.57 Td (across ) Tj ET Q
q 0 0 0 rg BT 210.39 392.57 Td (af) Tj ET Q
q 0 0 0 rg BT 218.36 392.57 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 253.71 392.57 Td (and ) Tj ET Q
q 0 0 0 rg BT 273.02 392.57 Td (work ) Tj ET Q
q 0 0 0 rg BT 298.75 392.57 Td (with ) Tj ET Q
q 0 0 0 rg BT 321.57 392.57 Td (af) Tj ET Q
q 0 0 0 rg BT 329.54 392.57 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 362.26 392.57 Td (to ) Tj ET Q
q 0 0 0 rg BT 374.58 392.57 Td (improve ) Tj ET Q
q 0 0 0 rg BT 413.72 392.57 Td (ef) Tj ET Q
q 0 0 0 rg BT 421.69 392.57 Td (ficiency ) Tj ET Q
q 0 0 0 rg BT 459.65 392.57 Td (across ) Tj ET Q
q 0 0 0 rg BT 490.04 392.57 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 515.77 392.57 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 548.50 392.57 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 382.07 Td (combining ) Tj ET Q
q 0 0 0 rg BT 227.54 382.07 Td (ef) Tj ET Q
q 0 0 0 rg BT 235.51 382.07 Td (forts, ) Tj ET Q
q 0 0 0 rg BT 260.00 382.07 Td (outsourcing ) Tj ET Q
q 0 0 0 rg BT 312.21 382.07 Td (or ) Tj ET Q
q 0 0 0 rg BT 323.58 382.07 Td (working ) Tj ET Q
q 0 0 0 rg BT 361.20 382.07 Td (dif) Tj ET Q
q 0 0 0 rg BT 372.67 382.07 Td (ferently ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 55.50 363.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 363.07 Td (Distribution) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 170.50 363.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 363.07 Td (Continue to maintain and enhance our top tier distribution function with the capability to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 352.57 Td (of) Tj ET Q
q 0 0 0 rg BT 188.65 352.57 Td (fer solutions to relevant investment challenges and grow market share worldwide) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 170.50 337.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 337.07 Td (Develop ) Tj ET Q
q 0 0 0 rg BT 218.20 337.07 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 265.13 337.07 Td (and ) Tj ET Q
q 0 0 0 rg BT 282.92 337.07 Td (innovative ) Tj ET Q
q 0 0 0 rg BT 329.87 337.07 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 380.91 337.07 Td (approaches ) Tj ET Q
q 0 0 0 rg BT 430.76 337.07 Td (for ) Tj ET Q
q 0 0 0 rg BT 445.63 337.07 Td (expanded ) Tj ET Q
q 0 0 0 rg BT 488.49 337.07 Td (client ) Tj ET Q
q 0 0 0 rg BT 514.44 337.07 Td (access) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 55.50 318.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 318.07 Td (Productivity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 170.50 318.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 318.07 Td (Implement ) Tj ET Q
q 0 0 0 rg BT 228.11 318.07 Td (our ) Tj ET Q
q 0 0 0 rg BT 244.73 318.07 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 282.93 318.07 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 339.20 318.07 Td (plan) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 170.50 304.24 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 304.07 Td (Continue ) Tj ET Q
q 0 0 0 rg BT 220.29 304.07 Td (to ) Tj ET Q
q 0 0 0 rg BT 230.25 304.07 Td (develop ) Tj ET Q
q 0 0 0 rg BT 265.28 304.07 Td (and ) Tj ET Q
q 0 0 0 rg BT 282.23 304.07 Td (execute ) Tj ET Q
q 0 0 0 rg BT 316.08 304.07 Td (upon ) Tj ET Q
q 0 0 0 rg BT 338.87 304.07 Td (our ) Tj ET Q
q 0 0 0 rg BT 354.66 304.07 Td (diversity ) Tj ET Q
q 0 0 0 rg BT 393.19 304.07 Td (and ) Tj ET Q
q 0 0 0 rg BT 410.14 304.07 Td (inclusion ) Tj ET Q
q 0 0 0 rg BT 450.43 304.07 Td (strategy; ) Tj ET Q
q 0 0 0 rg BT 488.38 304.07 Td (develop ) Tj ET Q
q 0 0 0 rg BT 523.41 304.07 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 293.57 Td (unit ) Tj ET Q
q 0 0 0 rg BT 198.75 293.57 Td (strategies ) Tj ET Q
q 0 0 0 rg BT 240.82 293.57 Td (to ) Tj ET Q
q 0 0 0 rg BT 251.41 293.57 Td (support ) Tj ET Q
q 0 0 0 rg BT 285.33 293.57 Td (the ) Tj ET Q
q 0 0 0 rg BT 300.57 293.57 Td (future ) Tj ET Q
q 0 0 0 rg BT 328.06 293.57 Td (state ) Tj ET Q
q 0 0 0 rg BT 349.72 293.57 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.89 293.57 Td (work; ) Tj ET Q
q 0 0 0 rg BT 387.80 293.57 Td (drive ) Tj ET Q
q 0 0 0 rg BT 411.79 293.57 Td (digital ) Tj ET Q
q 0 0 0 rg BT 441.04 293.57 Td (transformation ) Tj ET Q
q 0 0 0 rg BT 505.27 293.57 Td (and ) Tj ET Q
q 0 0 0 rg BT 522.85 293.57 Td (continue ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.00 283.07 Td (to ) Tj ET Q
q 0 0 0 rg BT 190.79 283.07 Td (develop ) Tj ET Q
q 0 0 0 rg BT 226.66 283.07 Td (the ) Tj ET Q
q 0 0 0 rg BT 242.11 283.07 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 286.13 283.07 Td (data ) Tj ET Q
q 0 0 0 rg BT 306.24 283.07 Td (management ) Tj ET Q
q 0 0 0 rg BT 362.51 283.07 Td (program) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 253.15 Td (When ) Tj ET Q
q 0 0 0 rg BT 78.09 253.15 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 124.85 253.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 141.87 253.15 Td (progress ) Tj ET Q
q 0 0 0 rg BT 180.47 253.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 194.00 253.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 218.59 253.15 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 257.19 253.15 Td (priorities, ) Tj ET Q
q 0 0 0 rg BT 300.74 253.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 318.93 253.15 Td (considering ) Tj ET Q
q 0 0 0 rg BT 370.94 253.15 Td (initiatives ) Tj ET Q
q 0 0 0 rg BT 415.38 253.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 426.57 253.15 Td (support ) Tj ET Q
q 0 0 0 rg BT 461.09 253.15 Td (them, ) Tj ET Q
q 0 0 0 rg BT 487.74 253.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 503.00 253.15 Td (prioritize ) Tj ET Q
q 0 0 0 rg BT 544.51 253.15 Td (four ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 240.55 Td (key ) Tj ET Q
q 0 0 0 rg BT 67.79 240.55 Td (drivers ) Tj ET Q
q 0 0 0 rg BT 99.57 240.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 110.94 240.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 136.30 240.55 Td (creation:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 68.00 227.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 86.00 227.95 Td (leveraging our centralized retail distribution to drive growth;) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 68.00 215.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 86.00 215.35 Td (capitalizing on our investments to provide investors with greater choice;) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 68.00 202.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 86.00 202.75 Td (more ef) Tj ET Q
q 0 0 0 rg BT 118.17 202.75 Td (fectively controlling our costs to improve profitability; and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 68.00 190.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 86.00 190.15 Td (thoughtfully managing our balance sheet and capital allocation.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 164.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.01 164.95 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 107.26 164.95 Td (priorities ) Tj ET Q
q 0 0 0 rg BT 147.85 164.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 165.69 164.95 Td (key ) Tj ET Q
q 0 0 0 rg BT 183.54 164.95 Td (drivers ) Tj ET Q
q 0 0 0 rg BT 215.38 164.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 258.31 164.95 Td (above ) Tj ET Q
q 0 0 0 rg BT 286.06 164.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 301.56 164.95 Td (designed ) Tj ET Q
q 0 0 0 rg BT 341.57 164.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 352.42 164.95 Td (increase ) Tj ET Q
q 0 0 0 rg BT 389.50 164.95 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 441.16 164.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 466.58 164.95 Td (through ) Tj ET Q
q 0 0 0 rg BT 501.93 164.95 Td (improvements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 152.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.61 152.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 77.06 152.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 92.33 152.35 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 120.73 152.35 Td (earnings, ) Tj ET Q
q 0 0 0 rg BT 161.38 152.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 182.48 152.35 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 210.34 152.35 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 237.29 152.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 254.90 152.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 278.92 152.35 Td (key ) Tj ET Q
q 0 0 0 rg BT 296.53 152.35 Td (metrics, ) Tj ET Q
q 0 0 0 rg BT 332.50 152.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 374.61 152.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 416.71 152.35 Td (mar) Tj ET Q
q 0 0 0 rg BT 432.85 152.35 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 451.33 152.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 479.44 152.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 494.71 152.35 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 537.40 152.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 548.01 152.35 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 139.75 Td (annual ) Tj ET Q
q 0 0 0 rg BT 81.01 139.75 Td (results ) Tj ET Q
q 0 0 0 rg BT 111.45 139.75 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 158.23 139.75 Td (below) Tj ET Q
q 0 0 0 rg BT 183.21 139.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 188.86 139.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 191.66 139.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 211.01 139.75 Td (pending ) Tj ET Q
q 0 0 0 rg BT 247.86 139.75 Td (Mer) Tj ET Q
q 0 0 0 rg BT 265.17 139.75 Td (ger ) Tj ET Q
q 0 0 0 rg BT 281.60 139.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 303.29 139.75 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 341.67 139.75 Td (T) Tj ET Q
q 0 0 0 rg BT 347.36 139.75 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 389.45 139.75 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 423.37 139.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 440.39 139.75 Td (overall ) Tj ET Q
q 0 0 0 rg BT 472.57 139.75 Td (priority ) Tj ET Q
q 0 0 0 rg BT 507.09 139.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.86 139.75 Td (increasing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 127.15 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 101.60 127.15 Td (value.) Tj ET Q
endstream
endobj
85 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 86 0 R>>
endobj
86 0 obj
<</Length 29874>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (40) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 91.13 741.90 Td (Restructuring ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.30 Td (During ) Tj ET Q
q 0 0 0 rg BT 82.15 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 97.37 729.30 Td (fourth ) Tj ET Q
q 0 0 0 rg BT 125.43 729.30 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 157.56 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 168.70 729.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 193.84 729.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 219.86 729.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 234.51 729.30 Td (initiated ) Tj ET Q
q 0 0 0 rg BT 271.31 729.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 278.37 729.30 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 316.34 729.30 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 372.38 729.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 382.95 729.30 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 413.33 729.30 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 439.35 729.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 467.41 729.30 Td (includes ) Tj ET Q
q 0 0 0 rg BT 504.80 729.30 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 546.84 729.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.70 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 101.50 716.70 Td (functions, ) Tj ET Q
q 0 0 0 rg BT 146.28 716.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 158.10 716.70 Td (well ) Tj ET Q
q 0 0 0 rg BT 179.26 716.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 191.08 716.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 199.05 716.70 Td (ficiency ) Tj ET Q
q 0 0 0 rg BT 235.94 716.70 Td (initiatives ) Tj ET Q
q 0 0 0 rg BT 280.43 716.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 291.09 716.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 322.73 716.70 Td (smaller ) Tj ET Q
q 0 0 0 rg BT 356.72 716.70 Td (af) Tj ET Q
q 0 0 0 rg BT 364.68 716.70 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 396.33 716.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 415.16 716.70 Td (operate ) Tj ET Q
q 0 0 0 rg BT 449.13 716.70 Td (outside ) Tj ET Q
q 0 0 0 rg BT 482.54 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.37 716.70 Td (revenue-sharing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 704.10 Td (arrangements. ) Tj ET Q
q 0 0 0 rg BT 111.23 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 113.13 704.10 Td (W) Tj ET Q
q 0 0 0 rg BT 122.20 704.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 128.91 704.10 Td (expect ) Tj ET Q
q 0 0 0 rg BT 158.35 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 168.57 704.10 Td (incur ) Tj ET Q
q 0 0 0 rg BT 192.19 704.10 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 235.04 704.10 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 272.66 704.10 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 328.35 704.10 Td (costs ) Tj ET Q
q 0 0 0 rg BT 351.40 704.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 361.61 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 376.49 704.10 Td (range ) Tj ET Q
q 0 0 0 rg BT 401.85 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 412.65 704.10 Td ($100 ) Tj ET Q
q 0 0 0 rg BT 435.69 704.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 468.08 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 478.29 704.10 Td ($105 ) Tj ET Q
q 0 0 0 rg BT 501.34 704.10 Td (million, ) Tj ET Q
q 0 0 0 rg BT 536.35 704.10 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 68.59 691.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 80.75 691.50 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 117.98 691.50 Td (through ) Tj ET Q
q 0 0 0 rg BT 152.90 691.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 182.55 691.50 Td (2021. ) Tj ET Q
q 0 0 0 rg BT 208.43 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 210.52 691.50 Td (W) Tj ET Q
q 0 0 0 rg BT 219.59 691.50 Td (e ) Tj ET Q
q 0 0 0 rg BT 226.50 691.50 Td (expect ) Tj ET Q
q 0 0 0 rg BT 256.15 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 271.23 691.50 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 309.04 691.50 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 364.95 691.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 383.53 691.50 Td (result ) Tj ET Q
q 0 0 0 rg BT 409.11 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 419.53 691.50 Td (future ) Tj ET Q
q 0 0 0 rg BT 446.85 691.50 Td (annual ) Tj ET Q
q 0 0 0 rg BT 477.09 691.50 Td (cost ) Tj ET Q
q 0 0 0 rg BT 496.26 691.50 Td (savings ) Tj ET Q
q 0 0 0 rg BT 530.01 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 541.01 691.50 Td ($100 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 83.27 678.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 94.94 678.90 Td (more, ) Tj ET Q
q 0 0 0 rg BT 122.07 678.90 Td (achieved ) Tj ET Q
q 0 0 0 rg BT 162.31 678.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 175.74 678.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 188.58 678.90 Td (annual ) Tj ET Q
q 0 0 0 rg BT 219.49 678.90 Td (run ) Tj ET Q
q 0 0 0 rg BT 236.42 678.90 Td (rate ) Tj ET Q
q 0 0 0 rg BT 255.08 678.90 Td (basis ) Tj ET Q
q 0 0 0 rg BT 279.01 678.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 292.44 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 308.20 678.90 Td (end ) Tj ET Q
q 0 0 0 rg BT 326.29 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 337.96 678.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 363.63 678.90 Td (2021. ) Tj ET Q
q 0 0 0 rg BT 390.19 678.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 393.11 678.90 Td (During ) Tj ET Q
q 0 0 0 rg BT 425.79 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.55 678.90 Td (years ) Tj ET Q
q 0 0 0 rg BT 466.63 678.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 494.63 678.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 524.96 678.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 541.02 678.90 Td (2020 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.97 666.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 94.41 666.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 109.47 666.30 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 147.26 666.30 Td ($71.0 ) Tj ET Q
q 0 0 0 rg BT 173.70 666.30 Td (million, ) Tj ET Q
q 0 0 0 rg BT 209.47 666.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 221.03 666.30 Td ($0.57 ) Tj ET Q
q 0 0 0 rg BT 247.47 666.30 Td (per ) Tj ET Q
q 0 0 0 rg BT 263.69 666.30 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 295.66 666.30 Td (share, ) Tj ET Q
q 0 0 0 rg BT 323.25 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 341.22 666.30 Td ($9.4 ) Tj ET Q
q 0 0 0 rg BT 362.41 666.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 395.56 666.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 407.12 666.30 Td ($0.08 ) Tj ET Q
q 0 0 0 rg BT 433.56 666.30 Td (per ) Tj ET Q
q 0 0 0 rg BT 449.78 666.30 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 481.75 666.30 Td (share, ) Tj ET Q
q 0 0 0 rg BT 509.34 666.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.39 666.30 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 62.00 653.70 Td (costs ) Tj ET Q
q 0 0 0 rg BT 86.26 653.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 118.07 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 129.50 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.58 653.70 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 184.40 653.70 Td (restructuring. ) Tj ET Q
q 0 0 0 rg BT 243.93 653.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 247.18 653.70 Td (See ) Tj ET Q
q 0 0 0 rg BT 265.60 653.70 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.27 653.70 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 299.77 653.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 303.02 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 315.02 653.70 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 342.77 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 354.19 653.70 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 412.86 653.70 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 455.19 653.70 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 504.52 653.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 520.02 653.70 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 641.10 Td (information. ) Tj ET Q
q 0 0 0 rg BT 105.12 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 107.84 641.10 Td (W) Tj ET Q
q 0 0 0 rg BT 116.91 641.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 124.49 641.10 Td (achieved ) Tj ET Q
q 0 0 0 rg BT 164.73 641.10 Td ($68 ) Tj ET Q
q 0 0 0 rg BT 183.40 641.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 216.66 641.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.34 641.10 Td (savings ) Tj ET Q
q 0 0 0 rg BT 262.76 641.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 286.10 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.85 641.10 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 340.34 641.10 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 396.92 641.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 427.26 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.01 641.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 464.00 641.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 492.00 641.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 522.33 641.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.38 641.10 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.90 628.50 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 114.20 628.50 Td (achieved ) Tj ET Q
q 0 0 0 rg BT 154.17 628.50 Td (savings ) Tj ET Q
q 0 0 0 rg BT 188.32 628.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 199.72 628.50 Td ($72 ) Tj ET Q
q 0 0 0 rg BT 218.12 628.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 251.11 628.50 Td (since ) Tj ET Q
q 0 0 0 rg BT 275.34 628.50 Td (January ) Tj ET Q
q 0 0 0 rg BT 310.65 628.50 Td (1, ) Tj ET Q
q 0 0 0 rg BT 321.18 628.50 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 347.46 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 349.92 628.50 Td (W) Tj ET Q
q 0 0 0 rg BT 358.99 628.50 Td (e ) Tj ET Q
q 0 0 0 rg BT 366.30 628.50 Td (do ) Tj ET Q
q 0 0 0 rg BT 379.46 628.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 395.53 628.50 Td (expect ) Tj ET Q
q 0 0 0 rg BT 425.58 628.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.06 628.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 458.36 628.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 474.42 628.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 485.25 628.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 507.72 628.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 520.28 628.50 Td (impact ) Tj ET Q
q 0 0 0 rg BT 551.51 628.50 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.45 615.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 89.08 615.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 100.45 615.90 Td (savings ) Tj ET Q
q 0 0 0 rg BT 134.58 615.90 Td (associated ) Tj ET Q
q 0 0 0 rg BT 180.35 615.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 201.65 615.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 218.27 615.90 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 256.46 615.90 Td (restructuring.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 590.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.52 590.70 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 101.34 590.70 Td (during ) Tj ET Q
q 0 0 0 rg BT 131.53 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.13 590.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 167.98 590.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 195.82 590.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 226.00 590.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 241.91 590.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 268.31 590.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 283.33 590.70 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 321.09 590.70 Td ($19.5 ) Tj ET Q
q 0 0 0 rg BT 347.49 590.70 Td (million, ) Tj ET Q
q 0 0 0 rg BT 383.23 590.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 394.75 590.70 Td ($0.16 ) Tj ET Q
q 0 0 0 rg BT 421.15 590.70 Td (per ) Tj ET Q
q 0 0 0 rg BT 437.33 590.70 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 469.27 590.70 Td (share, ) Tj ET Q
q 0 0 0 rg BT 496.83 590.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 508.35 590.70 Td (restructuring ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 578.10 Td (costs ) Tj ET Q
q 0 0 0 rg BT 73.58 578.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 88.41 578.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 112.57 578.10 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 154.79 578.10 Td (matters, ) Tj ET Q
q 0 0 0 rg BT 190.91 578.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 233.15 578.10 Td (costs ) Tj ET Q
q 0 0 0 rg BT 256.73 578.10 Td (associated ) Tj ET Q
q 0 0 0 rg BT 302.47 578.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 323.72 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 339.13 578.10 Td (pending ) Tj ET Q
q 0 0 0 rg BT 375.54 578.10 Td (mer) Tj ET Q
q 0 0 0 rg BT 391.67 578.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 407.66 578.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 428.92 578.10 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 466.89 578.10 Td (T) Tj ET Q
q 0 0 0 rg BT 472.57 578.10 Td (empleton, ) Tj ET Q
q 0 0 0 rg BT 516.86 578.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 534.60 578.10 Td (during ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.16 565.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 85.56 565.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 112.96 565.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 142.70 565.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 158.15 565.50 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 184.11 565.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 198.69 565.50 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 236.00 565.50 Td ($14.3 ) Tj ET Q
q 0 0 0 rg BT 261.96 565.50 Td (million, ) Tj ET Q
q 0 0 0 rg BT 297.25 565.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 308.33 565.50 Td ($0.12 ) Tj ET Q
q 0 0 0 rg BT 334.28 565.50 Td (per ) Tj ET Q
q 0 0 0 rg BT 350.02 565.50 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 381.52 565.50 Td (share, ) Tj ET Q
q 0 0 0 rg BT 408.63 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 419.71 565.50 Td (costs ) Tj ET Q
q 0 0 0 rg BT 443.04 565.50 Td (associated ) Tj ET Q
q 0 0 0 rg BT 488.52 565.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 509.52 565.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 525.85 565.50 Td (previous ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 552.90 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 93.57 552.90 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 151.14 552.90 Td (plans. ) Tj ET Q
q 0 0 0 rg BT 179.86 552.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 183.50 552.90 Td (W) Tj ET Q
q 0 0 0 rg BT 192.57 552.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 201.16 552.90 Td (do ) Tj ET Q
q 0 0 0 rg BT 215.58 552.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 232.93 552.90 Td (attribute ) Tj ET Q
q 0 0 0 rg BT 271.84 552.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 284.51 552.90 Td (include ) Tj ET Q
q 0 0 0 rg BT 319.35 552.90 Td (these ) Tj ET Q
q 0 0 0 rg BT 344.85 552.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 370.35 552.90 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 413.92 552.90 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 471.49 552.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 496.42 552.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 508.51 552.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 526.43 552.90 Td (strategic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.30 Td (restructuring.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 515.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 70.07 515.10 Td (following ) Tj ET Q
q 0 0 0 rg BT 114.65 515.10 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 162.15 515.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 181.05 515.10 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 218.63 515.10 Td (provides ) Tj ET Q
q 0 0 0 rg BT 258.53 515.10 Td (additional ) Tj ET Q
q 0 0 0 rg BT 304.27 515.10 Td (information ) Tj ET Q
q 0 0 0 rg BT 357.59 515.10 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 401.57 515.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 419.31 515.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 459.78 515.10 Td (condition ) Tj ET Q
q 0 0 0 rg BT 503.19 515.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 522.10 515.10 Td (results ) Tj ET Q
q 0 0 0 rg BT 553.26 515.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.50 Td (operations.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 477.90 Td (BUSINESS ENVIRONMENT) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 465.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.79 465.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 96.00 465.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 117.54 465.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 146.08 465.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 176.96 465.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 193.55 465.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 218.02 465.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 237.82 465.30 Td (extremely ) Tj ET Q
q 0 0 0 rg BT 283.27 465.30 Td (volatile ) Tj ET Q
q 0 0 0 rg BT 318.23 465.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 333.94 465.30 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 356.09 465.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 385.80 465.30 Td (markets. ) Tj ET Q
q 0 0 0 rg BT 425.14 465.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 428.61 465.30 Td (Strong ) Tj ET Q
q 0 0 0 rg BT 460.08 465.30 Td (returns ) Tj ET Q
q 0 0 0 rg BT 492.71 465.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 504.34 465.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 520.64 465.30 Td (first ) Tj ET Q
q 0 0 0 rg BT 541.03 465.30 Td (three ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 452.70 Td (quarters ) Tj ET Q
q 0 0 0 rg BT 86.19 452.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 97.31 452.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 122.43 452.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 145.80 452.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 168.58 452.70 Td (more ) Tj ET Q
q 0 0 0 rg BT 192.53 452.70 Td (than ) Tj ET Q
q 0 0 0 rg BT 212.98 452.70 Td (of) Tj ET Q
q 0 0 0 rg BT 221.54 452.70 Td (fset ) Tj ET Q
q 0 0 0 rg BT 239.08 452.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 251.95 452.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 264.24 452.70 Td (extreme ) Tj ET Q
q 0 0 0 rg BT 300.43 452.70 Td (downturn ) Tj ET Q
q 0 0 0 rg BT 343.05 452.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 353.59 452.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 368.79 452.70 Td (fourth ) Tj ET Q
q 0 0 0 rg BT 396.83 452.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 421.94 452.70 Td (quarter) Tj ET Q
q 0 0 0 rg BT 451.25 452.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 456.25 452.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 473.79 452.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 484.33 452.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 499.54 452.70 Td (rapid ) Tj ET Q
q 0 0 0 rg BT 523.49 452.70 Td (spread ) Tj ET Q
q 0 0 0 rg BT 553.26 452.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 440.10 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 99.58 440.10 Td (\(which ) Tj ET Q
q 0 0 0 rg BT 131.08 440.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 149.75 440.10 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 184.74 440.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 191.74 440.10 Td (global ) Tj ET Q
q 0 0 0 rg BT 220.33 440.10 Td (pandemic\), ) Tj ET Q
q 0 0 0 rg BT 269.60 440.10 Td (widespread ) Tj ET Q
q 0 0 0 rg BT 319.76 440.10 Td (economic ) Tj ET Q
q 0 0 0 rg BT 362.91 440.10 Td (declines ) Tj ET Q
q 0 0 0 rg BT 399.66 440.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 417.16 440.10 Td (continued ) Tj ET Q
q 0 0 0 rg BT 460.90 440.10 Td (global ) Tj ET Q
q 0 0 0 rg BT 489.49 440.10 Td (uncertainty) Tj ET Q
q 0 0 0 rg BT 536.04 440.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 541.00 440.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 543.34 440.10 Td (U.S. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 427.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 78.91 427.50 Td (markets ) Tj ET Q
q 0 0 0 rg BT 114.82 427.50 Td (suf) Tj ET Q
q 0 0 0 rg BT 127.46 427.50 Td (fered ) Tj ET Q
q 0 0 0 rg BT 151.70 427.50 Td (significant ) Tj ET Q
q 0 0 0 rg BT 198.69 427.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 226.44 427.50 Td (despite ) Tj ET Q
q 0 0 0 rg BT 258.85 427.50 Td (unprecedented ) Tj ET Q
q 0 0 0 rg BT 322.74 427.50 Td (legislative ) Tj ET Q
q 0 0 0 rg BT 368.56 427.50 Td (support ) Tj ET Q
q 0 0 0 rg BT 402.73 427.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 425.81 427.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.30 427.50 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 462.64 427.50 Td (government ) Tj ET Q
q 0 0 0 rg BT 515.46 427.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 526.30 427.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 538.88 427.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 546.84 427.50 Td (fort ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 414.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.79 414.90 Td (secure ) Tj ET Q
q 0 0 0 rg BT 90.23 414.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.02 414.90 Td (stimulate ) Tj ET Q
q 0 0 0 rg BT 149.14 414.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 164.59 414.90 Td (economy) Tj ET Q
q 0 0 0 rg BT 202.40 414.90 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 389.70 Td (After ) Tj ET Q
q 0 0 0 rg BT 75.54 389.70 Td (strong ) Tj ET Q
q 0 0 0 rg BT 105.19 389.70 Td (returns ) Tj ET Q
q 0 0 0 rg BT 137.73 389.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 149.29 389.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.51 389.70 Td (first ) Tj ET Q
q 0 0 0 rg BT 185.81 389.70 Td (three ) Tj ET Q
q 0 0 0 rg BT 210.19 389.70 Td (quarters ) Tj ET Q
q 0 0 0 rg BT 247.40 389.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 259.53 389.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 285.66 389.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 312.68 389.70 Td (both ) Tj ET Q
q 0 0 0 rg BT 334.74 389.70 Td (developed ) Tj ET Q
q 0 0 0 rg BT 381.28 389.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 399.83 389.70 Td (emer) Tj ET Q
q 0 0 0 rg BT 420.62 389.70 Td (ging ) Tj ET Q
q 0 0 0 rg BT 442.68 389.70 Td (international ) Tj ET Q
q 0 0 0 rg BT 499.14 389.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 528.77 389.70 Td (markets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 377.10 Td (declined ) Tj ET Q
q 0 0 0 rg BT 87.56 377.10 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 142.04 377.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 152.20 377.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 167.02 377.10 Td (fourth ) Tj ET Q
q 0 0 0 rg BT 194.67 377.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 219.40 377.10 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 251.12 377.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 261.28 377.10 Td (response ) Tj ET Q
q 0 0 0 rg BT 300.01 377.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 310.17 377.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.99 377.10 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 374.22 377.10 Td (pandemic. ) Tj ET Q
q 0 0 0 rg BT 419.66 377.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 421.65 377.10 Td (Strong ) Tj ET Q
q 0 0 0 rg BT 451.64 377.10 Td (demand ) Tj ET Q
q 0 0 0 rg BT 486.87 377.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 501.11 377.10 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 521.77 377.10 Td (treasuries ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 364.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.40 364.50 Td (cash ) Tj ET Q
q 0 0 0 rg BT 90.29 364.50 Td (negatively ) Tj ET Q
q 0 0 0 rg BT 137.27 364.50 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 178.99 364.50 Td (emer) Tj ET Q
q 0 0 0 rg BT 199.78 364.50 Td (ging ) Tj ET Q
q 0 0 0 rg BT 221.69 364.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 251.17 364.50 Td (markets. ) Tj ET Q
q 0 0 0 rg BT 290.27 364.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 302.26 364.50 Td (Europe ) Tj ET Q
q 0 0 0 rg BT 335.82 364.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 354.22 364.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 370.28 364.50 Td (U.K., ) Tj ET Q
q 0 0 0 rg BT 396.56 364.50 Td (governments ) Tj ET Q
q 0 0 0 rg BT 454.04 364.50 Td (initiated ) Tj ET Q
q 0 0 0 rg BT 491.69 364.50 Td (historic ) Tj ET Q
q 0 0 0 rg BT 526.42 364.50 Td (stimulus ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.90 Td (spending ) Tj ET Q
q 0 0 0 rg BT 91.88 351.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 104.02 351.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 117.89 351.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 125.86 351.90 Td (fort ) Tj ET Q
q 0 0 0 rg BT 144.99 351.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 157.13 351.90 Td (instill ) Tj ET Q
q 0 0 0 rg BT 185.02 351.90 Td (consumer ) Tj ET Q
q 0 0 0 rg BT 229.81 351.90 Td (confidence ) Tj ET Q
q 0 0 0 rg BT 279.83 351.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.96 351.90 Td (combat ) Tj ET Q
q 0 0 0 rg BT 333.83 351.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 350.63 351.90 Td (negative ) Tj ET Q
q 0 0 0 rg BT 390.16 351.90 Td (economic ) Tj ET Q
q 0 0 0 rg BT 434.94 351.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 442.91 351.90 Td (fects ) Tj ET Q
q 0 0 0 rg BT 466.70 351.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.42 351.90 Td (travel ) Tj ET Q
q 0 0 0 rg BT 507.29 351.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.41 351.90 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 339.30 Td (restrictions. ) Tj ET Q
q 0 0 0 rg BT 101.40 339.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.05 339.30 Td (All ) Tj ET Q
q 0 0 0 rg BT 118.58 339.30 Td (sectors ) Tj ET Q
q 0 0 0 rg BT 149.86 339.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 160.14 339.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 175.08 339.30 Td (Emer) Tj ET Q
q 0 0 0 rg BT 197.63 339.30 Td (ging ) Tj ET Q
q 0 0 0 rg BT 218.42 339.30 Td (Markets ) Tj ET Q
q 0 0 0 rg BT 254.94 339.30 Td (Index ) Tj ET Q
q 0 0 0 rg BT 280.97 339.30 Td (suf) Tj ET Q
q 0 0 0 rg BT 293.61 339.30 Td (fered ) Tj ET Q
q 0 0 0 rg BT 317.29 339.30 Td (losses ) Tj ET Q
q 0 0 0 rg BT 344.49 339.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 365.28 339.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.22 339.30 Td (ener) Tj ET Q
q 0 0 0 rg BT 398.10 339.30 Td (gy ) Tj ET Q
q 0 0 0 rg BT 410.72 339.30 Td (sector ) Tj ET Q
q 0 0 0 rg BT 437.90 339.30 Td (seeing ) Tj ET Q
q 0 0 0 rg BT 466.85 339.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 481.79 339.30 Td (lar) Tj ET Q
q 0 0 0 rg BT 492.68 339.30 Td (gest ) Tj ET Q
q 0 0 0 rg BT 511.71 339.30 Td (drop ) Tj ET Q
q 0 0 0 rg BT 533.07 339.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 542.76 339.30 Td (40% ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 326.70 Td (amid ) Tj ET Q
q 0 0 0 rg BT 73.62 326.70 Td (plunging ) Tj ET Q
q 0 0 0 rg BT 113.58 326.70 Td (oil ) Tj ET Q
q 0 0 0 rg BT 127.29 326.70 Td (prices. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 301.50 Td (Global ) Tj ET Q
q 0 0 0 rg BT 82.05 301.50 Td (bond ) Tj ET Q
q 0 0 0 rg BT 106.51 301.50 Td (markets ) Tj ET Q
q 0 0 0 rg BT 143.22 301.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 163.60 301.50 Td (saw ) Tj ET Q
q 0 0 0 rg BT 183.40 301.50 Td (steep ) Tj ET Q
q 0 0 0 rg BT 208.44 301.50 Td (declines ) Tj ET Q
q 0 0 0 rg BT 246.31 301.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 257.95 301.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.24 301.50 Td (fourth ) Tj ET Q
q 0 0 0 rg BT 303.37 301.50 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 336.57 301.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 348.78 301.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 374.99 301.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 402.08 301.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 424.22 301.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.51 301.50 Td (exception ) Tj ET Q
q 0 0 0 rg BT 484.80 301.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 497.01 301.50 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 519.15 301.50 Td (treasuries. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 288.90 Td (Demand ) Tj ET Q
q 0 0 0 rg BT 87.74 288.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 102.15 288.90 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 145.72 288.90 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 166.56 288.90 Td (treasuries ) Tj ET Q
q 0 0 0 rg BT 208.96 288.90 Td (increased ) Tj ET Q
q 0 0 0 rg BT 250.77 288.90 Td (amid ) Tj ET Q
q 0 0 0 rg BT 273.94 288.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 288.93 288.90 Td (global ) Tj ET Q
q 0 0 0 rg BT 317.35 288.90 Td (pandemic ) Tj ET Q
q 0 0 0 rg BT 360.33 288.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 371.25 288.90 Td (investors ) Tj ET Q
q 0 0 0 rg BT 411.33 288.90 Td (sought ) Tj ET Q
q 0 0 0 rg BT 441.50 288.90 Td (traditionally ) Tj ET Q
q 0 0 0 rg BT 494.99 288.90 Td (safer ) Tj ET Q
q 0 0 0 rg BT 517.56 288.90 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 546.85 288.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 276.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.33 276.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 68.57 276.30 Td (result ) Tj ET Q
q 0 0 0 rg BT 94.48 276.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 109.89 276.30 Td (10-year ) Tj ET Q
q 0 0 0 rg BT 144.54 276.30 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 165.80 276.30 Td (treasury ) Tj ET Q
q 0 0 0 rg BT 202.20 276.30 Td (yield ) Tj ET Q
q 0 0 0 rg BT 225.78 276.30 Td (fell ) Tj ET Q
q 0 0 0 rg BT 242.35 276.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 253.10 276.30 Td (record ) Tj ET Q
q 0 0 0 rg BT 282.50 276.30 Td (lows. ) Tj ET Q
q 0 0 0 rg BT 307.54 276.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 310.12 276.30 Td (Investment-grade ) Tj ET Q
q 0 0 0 rg BT 386.18 276.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 403.92 276.30 Td (high ) Tj ET Q
q 0 0 0 rg BT 425.17 276.30 Td (yield ) Tj ET Q
q 0 0 0 rg BT 448.75 276.30 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 490.97 276.30 Td (bonds, ) Tj ET Q
q 0 0 0 rg BT 521.27 276.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 532.60 276.30 Td (well ) Tj ET Q
q 0 0 0 rg BT 553.26 276.30 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 263.70 Td (municipal ) Tj ET Q
q 0 0 0 rg BT 94.62 263.70 Td (bonds, ) Tj ET Q
q 0 0 0 rg BT 124.95 263.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 144.49 263.70 Td (suf) Tj ET Q
q 0 0 0 rg BT 157.14 263.70 Td (fered ) Tj ET Q
q 0 0 0 rg BT 181.33 263.70 Td (losses ) Tj ET Q
q 0 0 0 rg BT 209.04 263.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 226.82 263.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 237.62 263.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.07 263.70 Td (risk-adverse ) Tj ET Q
q 0 0 0 rg BT 307.01 263.70 Td (environment.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 238.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.04 238.50 Td (Federal ) Tj ET Q
q 0 0 0 rg BT 103.24 238.50 Td (Reserve ) Tj ET Q
q 0 0 0 rg BT 139.77 238.50 Td (Board ) Tj ET Q
q 0 0 0 rg BT 168.14 238.50 Td (decreased ) Tj ET Q
q 0 0 0 rg BT 212.24 238.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 227.78 238.50 Td (tar) Tj ET Q
q 0 0 0 rg BT 238.67 238.50 Td (get ) Tj ET Q
q 0 0 0 rg BT 254.21 238.50 Td (federal ) Tj ET Q
q 0 0 0 rg BT 286.07 238.50 Td (funds ) Tj ET Q
q 0 0 0 rg BT 312.11 238.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 330.56 238.50 Td (five ) Tj ET Q
q 0 0 0 rg BT 349.60 238.50 Td (times ) Tj ET Q
q 0 0 0 rg BT 375.06 238.50 Td (during ) Tj ET Q
q 0 0 0 rg BT 405.19 238.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.73 238.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 441.51 238.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 469.30 238.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 499.42 238.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 515.25 238.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 541.59 238.50 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 225.90 Td (2.50% ) Tj ET Q
q 0 0 0 rg BT 79.25 225.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 89.55 225.90 Td (0.25%, ) Tj ET Q
q 0 0 0 rg BT 121.43 225.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 142.23 225.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 157.19 225.90 Td (most ) Tj ET Q
q 0 0 0 rg BT 179.74 225.90 Td (significant ) Tj ET Q
q 0 0 0 rg BT 226.20 225.90 Td (reductions ) Tj ET Q
q 0 0 0 rg BT 272.07 225.90 Td (made ) Tj ET Q
q 0 0 0 rg BT 296.94 225.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 307.24 225.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 336.77 225.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 359.90 225.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 370.20 225.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 382.24 225.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 390.21 225.90 Td (fort ) Tj ET Q
q 0 0 0 rg BT 407.50 225.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 417.80 225.90 Td (increase ) Tj ET Q
q 0 0 0 rg BT 454.33 225.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 493.19 225.90 Td (market ) Tj ET Q
q 0 0 0 rg BT 524.47 225.90 Td (liquidity) Tj ET Q
q 0 0 0 rg BT 559.38 225.90 Td (. ) Tj ET Q
endstream
endobj
87 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 88 0 R>>
endobj
88 0 obj
<</Length 18754>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (41) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.41 741.75 Td (table ) Tj ET Q
q 0 0 0 rg BT 135.44 741.75 Td (summarizes ) Tj ET Q
q 0 0 0 rg BT 188.22 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.67 741.75 Td (returns ) Tj ET Q
q 0 0 0 rg BT 235.45 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 250.32 741.75 Td (various ) Tj ET Q
q 0 0 0 rg BT 283.86 741.75 Td (major ) Tj ET Q
q 0 0 0 rg BT 310.97 741.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 342.75 741.75 Td (indices:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 706.25 m
403.5 706.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403.5 706.25 m
407.5 706.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 706.25 m
456.5 706.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
456.5 706.25 m
460.5 706.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.5 706.25 m
509.5 706.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
509.5 706.25 m
513.5 706.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513.5 706.25 m
562.5 706.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 692.25 m
403.5 692.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 692.25 m
456.5 692.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.5 692.25 m
509.5 692.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513.5 706.25 m
562.5 706.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513.5 692.25 m
562.5 692.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 692.25 m
456.5 692.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.5 692.25 m
509.5 692.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513.5 692.25 m
562.5 692.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 622.25 m
403.5 622.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 622.25 m
456.5 622.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.5 622.25 m
509.5 622.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
513.5 622.25 m
562.5 622.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 711.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 423.40 721.47 Td (% Change for the year ended) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.75 710.97 Td (March 31:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 696.47 Td (Indices) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 83.32 701.23 Td (\(1\) ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 421.00 696.64 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 696.47 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.00 696.47 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 682.47 Td (Dow Jones Industrial ) Tj ET Q
q 0 0 0 rg BT 144.29 682.47 Td (A) Tj ET Q
q 0 0 0 rg BT 151.09 682.47 Td (verage) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 179.07 687.23 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.10 682.64 Td (\(15.5) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 442.00 682.64 Td (\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.60 682.47 Td (7.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.25 682.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.85 682.47 Td (16.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.25 682.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 668.47 Td (S&P) Tj ET Q
q 0 0 0 rg BT 72.46 668.47 Td ( 500) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 90.83 673.23 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 425.35 668.64 Td (\(8.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 442.00 668.64 Td (\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.60 668.47 Td (7.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.25 668.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.85 668.47 Td (1) Tj ET Q
q 0 0 0 rg BT 540.10 668.47 Td (1.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.25 668.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 654.47 Td (NASDAQ Composite Index) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 171.42 659.23 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 425.35 654.64 Td (\(0.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 442.00 654.64 Td (\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.60 654.47 Td (9.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.25 654.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.85 654.47 Td (19.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.25 654.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 640.47 Td (Barclays Capital U.S. ) Tj ET Q
q 0 0 0 rg BT 146.32 640.47 Td (Aggregate Bond Index) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 428.85 640.64 Td (8.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 445.50 640.64 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.60 640.47 Td (4.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.25 640.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 540.10 640.47 Td (1.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.25 640.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 626.47 Td (Barclays Capital Global ) Tj ET Q
q 0 0 0 rg BT 155.94 626.47 Td (Aggregate Bond Index) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 428.85 626.64 Td (4.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 445.50 626.64 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.10 626.47 Td (\(0.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 496.75 626.47 Td (\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 540.10 626.47 Td (7.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.25 626.47 Td (%) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 50.00 613.15 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 68.00 613.15 Td (Indices are trademarks of Dow Jones & Company) Tj ET Q
q 0 0 0 rg BT 227.21 613.15 Td (, McGraw-Hill Companies, Inc., Nasdaq Stock Market, Inc., and Barclays Capital, respectively) Tj ET Q
q 0 0 0 rg BT 531.27 613.15 Td (, which ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 68.00 603.55 Td (are not af) Tj ET Q
q 0 0 0 rg BT 98.06 603.55 Td (filiated with Legg Mason.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 50.00 593.95 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 68.00 593.95 Td (Excludes the impact of the reinvestment of dividends and stock splits.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 571.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.14 571.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 98.53 571.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.10 571.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.74 571.75 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 172.81 571.75 Td (pandemic ) Tj ET Q
q 0 0 0 rg BT 215.44 571.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 227.76 571.75 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 248.25 571.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 265.23 571.75 Td (international ) Tj ET Q
q 0 0 0 rg BT 320.11 571.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 358.66 571.75 Td (markets ) Tj ET Q
q 0 0 0 rg BT 393.71 571.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 413.61 571.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 435.25 571.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 441.73 571.75 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 496.04 571.75 Td (negative ) Tj ET Q
q 0 0 0 rg BT 533.42 571.75 Td (impact ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 559.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.26 559.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 77.63 559.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 103.89 559.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 120.81 559.15 Td (results ) Tj ET Q
q 0 0 0 rg BT 149.98 559.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 160.49 559.15 Td (operations ) Tj ET Q
q 0 0 0 rg BT 205.98 559.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 215.91 559.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 240.41 559.15 Td (2021, ) Tj ET Q
q 0 0 0 rg BT 265.79 559.15 Td (particularly ) Tj ET Q
q 0 0 0 rg BT 315.95 559.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 325.87 559.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.46 559.15 Td (near ) Tj ET Q
q 0 0 0 rg BT 360.29 559.15 Td (term. ) Tj ET Q
q 0 0 0 rg BT 383.91 559.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 385.67 559.15 Td (Given ) Tj ET Q
q 0 0 0 rg BT 413.09 559.15 Td (continued ) Tj ET Q
q 0 0 0 rg BT 456.26 559.15 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 505.25 559.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 522.16 559.15 Td (volatility) Tj ET Q
q 0 0 0 rg BT 559.40 559.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 546.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 65.32 546.55 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 96.39 546.55 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 144.95 546.55 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 183.01 546.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 198.92 546.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 230.57 546.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 262.80 546.55 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 309.63 546.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 329.04 546.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 351.94 546.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 365.52 546.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 382.59 546.55 Td (future ) Tj ET Q
q 0 0 0 rg BT 410.74 546.55 Td (results ) Tj ET Q
q 0 0 0 rg BT 441.23 546.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.06 546.55 Td (operations, ) Tj ET Q
q 0 0 0 rg BT 502.50 546.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 524.24 546.55 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 553.27 546.55 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 533.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 89.36 533.95 Td (condition.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 508.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.23 508.75 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 100.76 508.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 117.24 508.75 Td (industry ) Tj ET Q
q 0 0 0 rg BT 154.15 508.75 Td (continues ) Tj ET Q
q 0 0 0 rg BT 196.88 508.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 207.53 508.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 219.93 508.75 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 260.90 508.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 273.89 508.75 Td (migration ) Tj ET Q
q 0 0 0 rg BT 317.20 508.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 340.10 508.75 Td (active ) Tj ET Q
q 0 0 0 rg BT 367.65 508.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 378.31 508.75 Td (passive ) Tj ET Q
q 0 0 0 rg BT 411.70 508.75 Td (strategies. ) Tj ET Q
q 0 0 0 rg BT 456.29 508.75 Td (T) Tj ET Q
q 0 0 0 rg BT 461.97 508.75 Td (ogether ) Tj ET Q
q 0 0 0 rg BT 495.94 508.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 517.10 508.75 Td (continuing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 496.15 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 97.16 496.15 Td (changes, ) Tj ET Q
q 0 0 0 rg BT 137.61 496.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 163.19 496.15 Td (factors ) Tj ET Q
q 0 0 0 rg BT 195.77 496.15 Td (put ) Tj ET Q
q 0 0 0 rg BT 213.19 496.15 Td (pressure ) Tj ET Q
q 0 0 0 rg BT 252.19 496.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 266.70 496.15 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 290.23 496.15 Td (contributing ) Tj ET Q
q 0 0 0 rg BT 345.57 496.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 357.74 496.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.58 496.15 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 435.16 496.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 447.92 496.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 488.09 496.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 507.26 496.15 Td (managers ) Tj ET Q
q 0 0 0 rg BT 551.50 496.15 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 483.55 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 100.92 483.55 Td (platforms. ) Tj ET Q
q 0 0 0 rg BT 146.11 483.55 Td (These ) Tj ET Q
q 0 0 0 rg BT 173.68 483.55 Td (factors ) Tj ET Q
q 0 0 0 rg BT 204.75 483.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 224.17 483.55 Td (continue ) Tj ET Q
q 0 0 0 rg BT 262.82 483.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 273.49 483.55 Td (create ) Tj ET Q
q 0 0 0 rg BT 301.05 483.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 347.87 483.55 Td (flow ) Tj ET Q
q 0 0 0 rg BT 369.62 483.55 Td (challenges ) Tj ET Q
q 0 0 0 rg BT 416.43 483.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 431.18 483.55 Td (active ) Tj ET Q
q 0 0 0 rg BT 458.74 483.55 Td (managers ) Tj ET Q
q 0 0 0 rg BT 501.48 483.55 Td (like ) Tj ET Q
q 0 0 0 rg BT 519.72 483.55 Td (ourselves.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 458.35 Td (ASSETS UNDER MANAGEMENT) Tj ET Q
q 0 0 0 rg BT 210.34 458.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 445.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 67.88 445.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 95.00 445.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 104.63 445.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 146.33 445.75 Td (managed ) Tj ET Q
q 0 0 0 rg BT 186.85 445.75 Td (across ) Tj ET Q
q 0 0 0 rg BT 215.72 445.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.17 445.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 274.63 445.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 297.67 445.75 Td (classes ) Tj ET Q
q 0 0 0 rg BT 329.45 445.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 347.24 445.75 Td (strategies:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 420.25 m
61 420.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
61 420.25 m
182 420.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
186 420.25 m
199 420.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
199 420.25 m
359 420.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364 420.25 m
380 420.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
380 420.25 m
449 420.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
453 420.25 m
465 420.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
465 420.25 m
562 420.25 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.50 425.04 Td (Equity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 188.50 425.04 Td (Fixed Income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 382.50 425.04 Td (Alternative) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 455.50 425.04 Td (Liquidity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 404.02 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 404.02 Td (Lar) Tj ET Q
q 0 0 0 rg BT 77.98 404.02 Td (ge Cap Growth) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 405.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 404.02 Td (U.S. Intermediate Investment Grade) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.00 405.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.50 405.47 Td (Real Estate) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.00 405.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.50 405.47 Td (U.S. Managed Cash) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 388.02 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 388.02 Td (Equity Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 389.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 388.02 Td (U.S. Long Duration) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.00 389.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.50 389.47 Td (Hedge Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.00 389.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.50 389.47 Td (U.S. Municipal Cash) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 373.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 372.02 Td (All Cap Growth) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 373.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 372.02 Td (U.S. Credit ) Tj ET Q
q 0 0 0 rg BT 251.38 372.02 Td (Aggregate) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 357.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 356.02 Td (Lar) Tj ET Q
q 0 0 0 rg BT 77.98 356.02 Td (ge Cap ) Tj ET Q
q 0 0 0 rg BT 109.86 356.02 Td (V) Tj ET Q
q 0 0 0 rg BT 116.77 356.02 Td (alue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 357.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 356.02 Td (Global Opportunistic) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 341.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 340.02 Td (International Equity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 341.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 340.02 Td (Global Fixed Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 325.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 324.02 Td (Lar) Tj ET Q
q 0 0 0 rg BT 77.98 324.02 Td (ge Cap Core) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 325.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 324.02 Td (U.S. Municipal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 309.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 308.02 Td (Small Cap Core) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 309.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 308.02 Td (Global Sovereign) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 293.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 292.02 Td (All Cap ) Tj ET Q
q 0 0 0 rg BT 98.99 292.02 Td (V) Tj ET Q
q 0 0 0 rg BT 105.89 292.02 Td (alue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 293.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 292.02 Td (Non-T) Tj ET Q
q 0 0 0 rg BT 229.31 292.02 Td (raditional Bond) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 277.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 276.02 Td (Small Cap Growth) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 277.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 276.02 Td (Global Government) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 261.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 260.02 Td (Emer) Tj ET Q
q 0 0 0 rg BT 86.14 260.02 Td (ging Markets Equity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 261.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 260.02 Td (Intermediate) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 245.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 244.02 Td (Small Cap ) Tj ET Q
q 0 0 0 rg BT 110.07 244.02 Td (V) Tj ET Q
q 0 0 0 rg BT 116.98 244.02 Td (alue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 245.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 244.02 Td (Short Duration) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 229.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 228.02 Td (Mid Cap Core) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 229.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 229.47 Td (High ) Tj ET Q
q 0 0 0 rg BT 224.93 229.47 Td (Y) Tj ET Q
q 0 0 0 rg BT 232.03 229.47 Td (ield) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 213.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 212.02 Td (Small/Mid Cap) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.00 213.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.50 213.47 Td (Liability Driven) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 197.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 196.02 Td (Small Cap International) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 181.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 180.02 Td (Mid Cap Growth) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 165.47 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 164.02 Td (Global Equity) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
89 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 90 0 R>>
endobj
90 0 obj
<</Length 41542>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (42) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 741.75 Td (components ) Tj ET Q
q 0 0 0 rg BT 121.82 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.19 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 148.64 741.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 185.09 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 195.88 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 211.92 741.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 239.05 741.75 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 253.34 741.75 Td (billions\) ) Tj ET Q
q 0 0 0 rg BT 290.96 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 305.83 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 321.29 741.75 Td (years ) Tj ET Q
q 0 0 0 rg BT 346.07 741.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 373.76 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 403.79 741.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 419.54 741.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 442.57 741.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 453.94 741.75 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 717.25 m
410 717.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414 717.25 m
460 717.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
464 717.25 m
511 717.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
515 717.25 m
562 717.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
464 717.25 m
511 717.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
515 717.25 m
562 717.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 631.25 m
410 631.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414 631.25 m
460 631.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
464 631.25 m
511 631.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
515 631.25 m
562 631.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
464 631.25 m
511 631.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
515 631.25 m
562 631.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 603.25 m
410 603.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414 603.25 m
460 603.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
464 603.25 m
511 603.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
515 603.25 m
562 603.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
464 603.25 m
511 603.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
515 603.25 m
562 603.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 530.25 m
410 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414 530.25 m
460 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
464 530.25 m
511 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
515 530.25 m
562 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 516.25 m
410 516.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414 516.25 m
460 516.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
464 516.25 m
511 516.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
515 516.25 m
562 516.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 721.47 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 426.00 721.64 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.50 721.47 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.50 721.47 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 707.47 Td (Beginning of period) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 416.50 707.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 432.35 707.64 Td (758.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.50 707.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.35 707.47 Td (754.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.50 707.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 707.47 Td (728.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 693.47 Td (Net client cash flows:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 679.02 Td (Investment funds, excluding liquidity products:) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 275.69 683.78 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.50 679.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 88.50 664.47 Td (Subscriptions) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 437.60 664.64 Td (72.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.60 664.47 Td (56.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 664.47 Td (65.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 88.50 650.47 Td (Redemptions) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 434.10 650.64 Td (\(64.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 456.00 650.64 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.10 650.47 Td (\(64.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 507.00 650.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 650.47 Td (\(56.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 650.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 636.02 Td (Long-term separate account flows, net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 434.10 636.04 Td (\(20.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 456.00 636.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.35 636.02 Td (\(1.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 507.00 636.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 636.02 Td (\(7.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 636.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 621.47 Td (T) Tj ET Q
q 0 0 0 rg BT 73.18 621.47 Td (otal long-term flows, net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 434.10 621.64 Td (\(12.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 456.00 621.64 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.10 621.47 Td (\(10.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 507.00 621.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 621.47 Td (1.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 607.47 Td (T) Tj ET Q
q 0 0 0 rg BT 73.18 607.47 Td (otal liquidity flows, net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 442.85 607.64 Td (6.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 493.85 607.47 Td (2.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 607.47 Td (\(24.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 607.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 593.47 Td (T) Tj ET Q
q 0 0 0 rg BT 64.55 593.47 Td (otal net client cash flows) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 439.35 593.64 Td (\(6.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 456.00 593.64 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.35 593.47 Td (\(8.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 507.00 593.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 593.47 Td (\(22.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 593.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 579.02 Td (Realizations) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 110.40 583.78 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 439.35 579.04 Td (\(1.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 456.00 579.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.35 579.02 Td (\(1.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 507.00 579.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 579.02 Td (\(2.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 579.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 564.02 Td (Market performance and other ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 189.11 568.78 Td (\(3\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 434.10 564.04 Td (\(12.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 456.00 564.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.60 564.02 Td (21.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 564.02 Td (45.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 549.47 Td (Impact of foreign exchange) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 439.35 549.64 Td (\(7.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 456.00 549.64 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.35 549.47 Td (\(8.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 507.00 549.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 549.47 Td (5.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 535.02 Td (Acquisitions \(dispositions\), net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 442.85 535.04 Td (0.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 496.50 535.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 535.02 Td (\(0.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 535.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 520.47 Td (End of period) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 416.50 520.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 432.35 520.64 Td (730.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.50 520.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.35 520.47 Td (758.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.50 520.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 520.47 Td (754.1) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 507.15 Td (\(1\)) Tj ET Q
BT /F1 8.00 Tf ET
BT /F1 5.20 Tf ET
q 0 0 0 rg BT 58.83 510.77 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 507.15 Td (Subscriptions ) Tj ET Q
q 0 0 0 rg BT 113.06 507.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 126.61 507.15 Td (redemptions ) Tj ET Q
q 0 0 0 rg BT 168.16 507.15 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 190.58 507.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.36 507.15 Td (gross ) Tj ET Q
q 0 0 0 rg BT 221.25 507.15 Td (activity ) Tj ET Q
q 0 0 0 rg BT 247.24 507.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 255.46 507.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.23 507.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 287.01 507.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 300.56 507.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 326.11 507.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 346.77 507.15 Td (transferred ) Tj ET Q
q 0 0 0 rg BT 383.42 507.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 412.07 507.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 431.85 507.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 445.40 507.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 474.05 507.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 492.93 507.15 Td (classes. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 497.55 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 67.50 497.55 Td (Realizations ) Tj ET Q
q 0 0 0 rg BT 109.03 497.55 Td (represent ) Tj ET Q
q 0 0 0 rg BT 140.34 497.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 177.43 497.55 Td (manager) Tj ET Q
q 0 0 0 rg BT 204.81 497.55 Td (-driven ) Tj ET Q
q 0 0 0 rg BT 229.90 497.55 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 271.89 497.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 303.65 497.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 327.40 497.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 335.61 497.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.37 497.55 Td (sale ) Tj ET Q
q 0 0 0 rg BT 361.80 497.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.45 497.55 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 393.10 497.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 395.09 497.55 Td (Realizations ) Tj ET Q
q 0 0 0 rg BT 436.62 497.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 448.38 497.55 Td (specific ) Tj ET Q
q 0 0 0 rg BT 475.24 497.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 483.45 497.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 496.10 497.55 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 531.85 497.55 Td (managers ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 487.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 81.05 487.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 91.05 487.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 103.27 487.95 Td (include ) Tj ET Q
q 0 0 0 rg BT 128.82 487.95 Td (client-driven ) Tj ET Q
q 0 0 0 rg BT 171.69 487.95 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 213.70 487.95 Td (\(e.g. ) Tj ET Q
q 0 0 0 rg BT 229.91 487.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 249.68 487.95 Td (requested ) Tj ET Q
q 0 0 0 rg BT 282.33 487.95 Td (redemptions, ) Tj ET Q
q 0 0 0 rg BT 325.88 487.95 Td (liquidations ) Tj ET Q
q 0 0 0 rg BT 365.66 487.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 374.32 487.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 391.87 487.95 Td (transfers\).) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 478.35 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 67.50 478.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 80.70 478.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.57 478.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 111.54 478.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 132.73 478.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 155.70 478.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 167.79 478.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 185.88 478.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.52 478.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 219.61 478.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 238.13 478.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 269.99 478.35 Td (includes ) Tj ET Q
q 0 0 0 rg BT 298.74 478.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.61 478.35 Td (reinvestment ) Tj ET Q
q 0 0 0 rg BT 354.02 478.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 362.77 478.35 Td (dividends. ) Tj ET Q
q 0 0 0 rg BT 397.97 478.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 400.06 478.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 413.26 478.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 425.13 478.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 440.98 478.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 462.17 478.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 485.14 478.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 497.23 478.35 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 517.32 478.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 535.85 478.35 Td (includes ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 468.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.52 468.75 Td (reclassification, ) Tj ET Q
q 0 0 0 rg BT 132.19 468.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 138.26 468.75 Td (fective ) Tj ET Q
q 0 0 0 rg BT 161.77 468.75 Td (April ) Tj ET Q
q 0 0 0 rg BT 180.90 468.75 Td (1, ) Tj ET Q
q 0 0 0 rg BT 189.14 468.75 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 209.39 468.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 218.30 468.75 Td ($16.0 ) Tj ET Q
q 0 0 0 rg BT 238.54 468.75 Td (billion ) Tj ET Q
q 0 0 0 rg BT 261.68 468.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 270.59 468.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 294.60 468.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 315.50 468.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 337.30 468.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 355.09 468.75 Td (previously ) Tj ET Q
q 0 0 0 rg BT 391.11 468.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 420.90 468.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 428.87 468.75 Td (AUA) Tj ET Q
q 0 0 0 rg BT 445.76 468.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 448.01 468.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 455.98 468.75 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 478.89 468.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 492.25 468.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.27 468.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 520.28 468.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 541.63 468.75 Td (March ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 459.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 79.50 459.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 99.50 459.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 117.94 459.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 132.82 459.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 161.48 459.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 173.26 459.15 Td (reinvestment ) Tj ET Q
q 0 0 0 rg BT 216.58 459.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.24 459.15 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 258.35 459.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 271.90 459.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 277.45 459.15 Td ($\(3.7\) ) Tj ET Q
q 0 0 0 rg BT 298.78 459.15 Td (billion ) Tj ET Q
q 0 0 0 rg BT 321.67 459.15 Td (reconciliation ) Tj ET Q
q 0 0 0 rg BT 367.65 459.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 375.88 459.15 Td (previously ) Tj ET Q
q 0 0 0 rg BT 411.65 459.15 Td (reported ) Tj ET Q
q 0 0 0 rg BT 440.30 459.15 Td (amounts.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 436.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 77.22 436.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 88.02 436.95 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 134.39 436.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 158.60 436.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 178.15 436.95 Td ($730.8�billion, ) Tj ET Q
q 0 0 0 rg BT 242.91 436.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 250.79 436.95 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 290.15 436.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.11 436.95 Td ($27.2�billion, ) Tj ET Q
q 0 0 0 rg BT 361.62 436.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 373.58 436.95 Td (4%, ) Tj ET Q
q 0 0 0 rg BT 393.42 436.95 Td (compared ) Tj ET Q
q 0 0 0 rg BT 438.04 436.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 449.42 436.95 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 495.79 436.95 Td (2019.� ) Tj ET Q
q 0 0 0 rg BT 525.03 436.95 Td (T) Tj ET Q
q 0 0 0 rg BT 530.71 436.95 Td (otal ) Tj ET Q
q 0 0 0 rg BT 549.67 436.95 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 424.35 Td (client ) Tj ET Q
q 0 0 0 rg BT 75.26 424.35 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 114.45 424.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 129.13 424.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 144.40 424.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 164.91 424.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 192.42 424.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 222.26 424.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 237.83 424.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 261.27 424.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 284.10 424.35 Td ($6.4 ) Tj ET Q
q 0 0 0 rg BT 304.92 424.35 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 337.40 424.35 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 383.58 424.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 394.77 424.35 Td ($12.9 ) Tj ET Q
q 0 0 0 rg BT 420.83 424.35 Td (billion ) Tj ET Q
q 0 0 0 rg BT 450.69 424.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 461.88 424.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 477.14 424.35 Td (client ) Tj ET Q
q 0 0 0 rg BT 502.90 424.35 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 542.09 424.35 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 411.75 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 93.39 411.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 116.29 411.75 Td (classes, ) Tj ET Q
q 0 0 0 rg BT 150.55 411.75 Td (of) Tj ET Q
q 0 0 0 rg BT 159.11 411.75 Td (fset ) Tj ET Q
q 0 0 0 rg BT 176.76 411.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 187.41 411.75 Td (part ) Tj ET Q
q 0 0 0 rg BT 206.22 411.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 219.20 411.75 Td ($6.5 ) Tj ET Q
q 0 0 0 rg BT 240.06 411.75 Td (billion ) Tj ET Q
q 0 0 0 rg BT 269.96 411.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 281.19 411.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 296.50 411.75 Td (client ) Tj ET Q
q 0 0 0 rg BT 322.31 411.75 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 356.30 411.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 375.12 411.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.43 411.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 428.50 411.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 451.39 411.75 Td (class. ) Tj ET Q
q 0 0 0 rg BT 476.92 411.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 479.40 411.75 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 526.79 411.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 549.68 411.75 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 399.15 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 88.51 399.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 111.17 399.15 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 157.16 399.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 168.17 399.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 196.67 399.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 211.76 399.15 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 250.76 399.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 261.77 399.15 Td ($16.5 ) Tj ET Q
q 0 0 0 rg BT 287.65 399.15 Td (billion ) Tj ET Q
q 0 0 0 rg BT 317.33 399.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 334.75 399.15 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 358.58 399.15 Td (income ) Tj ET Q
q 0 0 0 rg BT 391.74 399.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 406.83 399.15 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 445.83 399.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 456.84 399.15 Td ($3.4 ) Tj ET Q
q 0 0 0 rg BT 477.47 399.15 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 509.77 399.15 Td (of) Tj ET Q
q 0 0 0 rg BT 518.33 399.15 Td (fset ) Tj ET Q
q 0 0 0 rg BT 535.75 399.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 546.17 399.15 Td (part ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 386.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 63.96 386.55 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 112.23 386.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 129.02 386.55 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 164.48 386.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 177.18 386.55 Td ($7.0 ) Tj ET Q
q 0 0 0 rg BT 199.52 386.55 Td (billion. ) Tj ET Q
q 0 0 0 rg BT 233.52 386.55 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 265.48 386.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 282.27 386.55 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 322.98 386.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 347.34 386.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 390.37 386.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 414.74 386.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 454.86 386.55 Td (managed ) Tj ET Q
q 0 0 0 rg BT 496.72 386.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 511.18 386.55 Td (ClearBridge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 373.95 Td (Investments ) Tj ET Q
q 0 0 0 rg BT 104.02 373.95 Td (\("ClearBridge"\), ) Tj ET Q
q 0 0 0 rg BT 177.30 373.95 Td (Brandywine ) Tj ET Q
q 0 0 0 rg BT 232.40 373.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 264.75 373.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 315.19 373.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 373.78 373.95 Td (\("Brandywine"\), ) Tj ET Q
q 0 0 0 rg BT 447.06 373.95 Td (Royce ) Tj ET Q
q 0 0 0 rg BT 477.67 373.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 528.10 373.95 Td (Partners ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 361.35 Td (\("Royce"\), ) Tj ET Q
q 0 0 0 rg BT 96.29 361.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 113.22 361.35 Td (QS ) Tj ET Q
q 0 0 0 rg BT 128.42 361.35 Td (Investors. ) Tj ET Q
q 0 0 0 rg BT 171.31 361.35 Td (Fixed ) Tj ET Q
q 0 0 0 rg BT 197.00 361.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 230.26 361.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 244.86 361.35 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 283.38 361.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 305.55 361.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 346.40 361.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 368.58 361.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 406.52 361.35 Td (managed ) Tj ET Q
q 0 0 0 rg BT 446.19 361.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 458.46 361.35 Td (Brandywine ) Tj ET Q
q 0 0 0 rg BT 511.55 361.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 528.36 361.35 Td (W) Tj ET Q
q 0 0 0 rg BT 537.43 361.35 Td (estern ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 348.75 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 75.56 348.75 Td (Management ) Tj ET Q
q 0 0 0 rg BT 133.10 348.75 Td (Company ) Tj ET Q
q 0 0 0 rg BT 176.66 348.75 Td (\("W) Tj ET Q
q 0 0 0 rg BT 193.51 348.75 Td (estern ) Tj ET Q
q 0 0 0 rg BT 220.71 348.75 Td (Asset"\). ) Tj ET Q
q 0 0 0 rg BT 256.57 348.75 Td (Alternative ) Tj ET Q
q 0 0 0 rg BT 306.53 348.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 322.09 348.75 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 356.31 348.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 379.44 348.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 398.50 348.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 437.39 348.75 Td (managed ) Tj ET Q
q 0 0 0 rg BT 478.01 348.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 491.24 348.75 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 525.46 348.75 Td (Partners, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 336.15 Td (EnT) Tj ET Q
q 0 0 0 rg BT 67.21 336.15 Td (rust ) Tj ET Q
q 0 0 0 rg BT 86.09 336.15 Td (Global ) Tj ET Q
q 0 0 0 rg BT 117.81 336.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 136.10 336.15 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 167.24 336.15 Td (Infrastructure. ) Tj ET Q
q 0 0 0 rg BT 229.91 336.15 Td (W) Tj ET Q
q 0 0 0 rg BT 238.98 336.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 246.78 336.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 288.98 336.15 Td (earn ) Tj ET Q
q 0 0 0 rg BT 310.18 336.15 Td (higher ) Tj ET Q
q 0 0 0 rg BT 340.14 336.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 360.18 336.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 378.48 336.15 Td (profits ) Tj ET Q
q 0 0 0 rg BT 409.03 336.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 422.66 336.15 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 470.11 336.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 488.40 336.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 517.09 336.15 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 547.35 336.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 323.55 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 88.80 323.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 99.52 323.55 Td (those ) Tj ET Q
q 0 0 0 rg BT 124.23 323.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 147.19 323.55 Td (classes ) Tj ET Q
q 0 0 0 rg BT 178.90 323.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 197.78 323.55 Td (more ) Tj ET Q
q 0 0 0 rg BT 221.90 323.55 Td (negatively ) Tj ET Q
q 0 0 0 rg BT 268.18 323.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 299.31 323.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 315.85 323.55 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 355.71 323.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 373.42 323.55 Td (Net ) Tj ET Q
q 0 0 0 rg BT 391.13 323.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 424.60 323.55 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 477.89 323.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 488.61 323.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 512.73 323.55 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 546.49 323.55 Td (Inc. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 310.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 70.42 310.95 Td (would ) Tj ET Q
q 0 0 0 rg BT 99.51 310.95 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 139.10 310.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 150.11 310.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.78 310.95 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 190.19 310.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 223.94 310.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 235.53 310.95 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 273.95 310.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 297.21 310.95 Td (classes. ) Tj ET Q
q 0 0 0 rg BT 331.83 310.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 334.46 310.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 353.63 310.95 Td (negative ) Tj ET Q
q 0 0 0 rg BT 392.04 310.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 423.45 310.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 435.04 310.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 467.03 310.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 522.92 310.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 540.92 310.95 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 298.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 68.15 298.35 Td ($12.8 ) Tj ET Q
q 0 0 0 rg BT 94.09 298.35 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 126.45 298.35 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 169.00 298.35 Td (global ) Tj ET Q
q 0 0 0 rg BT 197.56 298.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 229.03 298.35 Td (declines ) Tj ET Q
q 0 0 0 rg BT 265.75 298.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 275.65 298.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 290.79 298.35 Td (end ) Tj ET Q
q 0 0 0 rg BT 308.27 298.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 319.33 298.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 344.39 298.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 367.71 298.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 385.19 298.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 395.67 298.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 410.82 298.35 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 460.38 298.35 Td (pandemic. ) Tj ET Q
q 0 0 0 rg BT 506.14 298.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 508.29 298.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 526.93 298.35 Td (negative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 285.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 80.70 285.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 92.07 285.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 125.02 285.75 Td (currency ) Tj ET Q
q 0 0 0 rg BT 164.37 285.75 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 206.63 285.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 224.99 285.75 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 277.19 285.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 296.15 285.75 Td ($7.4 ) Tj ET Q
q 0 0 0 rg BT 317.15 285.75 Td (billion. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 260.55 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 77.32 260.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 88.22 260.55 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 134.70 260.55 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 159.02 260.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 178.67 260.55 Td ($758.0�billion, ) Tj ET Q
q 0 0 0 rg BT 243.53 260.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 256.77 260.55 Td (increase ) Tj ET Q
q 0 0 0 rg BT 294.48 260.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 306.55 260.55 Td ($3.9�billion, ) Tj ET Q
q 0 0 0 rg BT 360.91 260.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 372.98 260.55 Td (1%, ) Tj ET Q
q 0 0 0 rg BT 392.92 260.55 Td (compared ) Tj ET Q
q 0 0 0 rg BT 437.64 260.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 449.13 260.55 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 495.60 260.55 Td (2018.� ) Tj ET Q
q 0 0 0 rg BT 524.93 260.55 Td (T) Tj ET Q
q 0 0 0 rg BT 530.62 260.55 Td (otal ) Tj ET Q
q 0 0 0 rg BT 549.68 260.55 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 247.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 75.77 247.95 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 115.47 247.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 138.82 247.95 Td ($8.0 ) Tj ET Q
q 0 0 0 rg BT 160.14 247.95 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 193.13 247.95 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 239.82 247.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 251.51 247.95 Td ($10.3 ) Tj ET Q
q 0 0 0 rg BT 278.08 247.95 Td (billion ) Tj ET Q
q 0 0 0 rg BT 308.45 247.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 320.14 247.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 335.92 247.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 362.19 247.95 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 401.88 247.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 425.24 247.95 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 469.59 247.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 492.95 247.95 Td (classes, ) Tj ET Q
q 0 0 0 rg BT 527.68 247.95 Td (of) Tj ET Q
q 0 0 0 rg BT 536.24 247.95 Td (fset ) Tj ET Q
q 0 0 0 rg BT 554.35 247.95 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 235.35 Td (part ) Tj ET Q
q 0 0 0 rg BT 67.81 235.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 80.30 235.35 Td ($2.3 ) Tj ET Q
q 0 0 0 rg BT 100.67 235.35 Td (billion ) Tj ET Q
q 0 0 0 rg BT 130.08 235.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.81 235.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 155.63 235.35 Td (client ) Tj ET Q
q 0 0 0 rg BT 180.94 235.35 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 214.43 235.35 Td (into ) Tj ET Q
q 0 0 0 rg BT 232.76 235.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 247.57 235.35 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 285.15 235.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 307.55 235.35 Td (class. ) Tj ET Q
q 0 0 0 rg BT 332.58 235.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 334.57 235.35 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 381.46 235.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 403.86 235.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 418.68 235.35 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 457.42 235.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 479.81 235.35 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 525.54 235.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 536.27 235.35 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 222.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 65.19 222.75 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 104.80 222.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.40 222.75 Td ($7.5 ) Tj ET Q
q 0 0 0 rg BT 137.63 222.75 Td (billion ) Tj ET Q
q 0 0 0 rg BT 167.91 222.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 185.93 222.75 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 210.36 222.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 244.13 222.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 259.82 222.75 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 299.43 222.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 311.03 222.75 Td ($4.3 ) Tj ET Q
q 0 0 0 rg BT 332.26 222.75 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 365.17 222.75 Td (of) Tj ET Q
q 0 0 0 rg BT 373.72 222.75 Td (fset ) Tj ET Q
q 0 0 0 rg BT 391.74 222.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 402.77 222.75 Td (part ) Tj ET Q
q 0 0 0 rg BT 421.95 222.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 435.31 222.75 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 482.48 222.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 498.17 222.75 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 532.52 222.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 544.13 222.75 Td ($1.5 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 210.15 Td (billion. ) Tj ET Q
q 0 0 0 rg BT 81.80 210.15 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 112.06 210.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 127.15 210.15 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 166.16 210.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 188.82 210.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 230.16 210.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 252.83 210.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 291.25 210.15 Td (managed ) Tj ET Q
q 0 0 0 rg BT 331.41 210.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 344.17 210.15 Td (Royce, ) Tj ET Q
q 0 0 0 rg BT 375.88 210.15 Td (ClearBridge, ) Tj ET Q
q 0 0 0 rg BT 432.08 210.15 Td (Brandywine, ) Tj ET Q
q 0 0 0 rg BT 488.28 210.15 Td (QS ) Tj ET Q
q 0 0 0 rg BT 503.97 210.15 Td (Investors, ) Tj ET Q
q 0 0 0 rg BT 547.35 210.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 197.55 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 81.12 197.55 Td (Currie. ) Tj ET Q
q 0 0 0 rg BT 113.62 197.55 Td (Fixed ) Tj ET Q
q 0 0 0 rg BT 140.58 197.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 175.11 197.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 190.98 197.55 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 230.77 197.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 254.22 197.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 296.34 197.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 319.79 197.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 359.00 197.55 Td (managed ) Tj ET Q
q 0 0 0 rg BT 399.94 197.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 413.26 197.55 Td (W) Tj ET Q
q 0 0 0 rg BT 422.33 197.55 Td (estern ) Tj ET Q
q 0 0 0 rg BT 449.78 197.55 Td (Asset, ) Tj ET Q
q 0 0 0 rg BT 478.78 197.55 Td (of) Tj ET Q
q 0 0 0 rg BT 487.34 197.55 Td (fset ) Tj ET Q
q 0 0 0 rg BT 505.54 197.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 516.75 197.55 Td (part ) Tj ET Q
q 0 0 0 rg BT 536.12 197.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 549.67 197.55 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 184.95 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 83.93 184.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 103.19 184.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 142.27 184.95 Td (managed ) Tj ET Q
q 0 0 0 rg BT 183.10 184.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 196.52 184.95 Td (Brandywine. ) Tj ET Q
q 0 0 0 rg BT 252.75 184.95 Td (Alternative ) Tj ET Q
q 0 0 0 rg BT 302.90 184.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 318.66 184.95 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 353.08 184.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 376.41 184.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 418.41 184.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 437.67 184.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 476.75 184.95 Td (managed ) Tj ET Q
q 0 0 0 rg BT 517.58 184.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 531.00 184.95 Td (Clarion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 172.35 Td (Partners, ) Tj ET Q
q 0 0 0 rg BT 90.50 172.35 Td (of) Tj ET Q
q 0 0 0 rg BT 99.06 172.35 Td (fset ) Tj ET Q
q 0 0 0 rg BT 118.18 172.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 130.32 172.35 Td (part ) Tj ET Q
q 0 0 0 rg BT 150.61 172.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 165.07 172.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 181.87 172.35 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 222.58 172.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 246.96 172.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 287.09 172.35 Td (managed ) Tj ET Q
q 0 0 0 rg BT 328.95 172.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 343.42 172.35 Td (EnT) Tj ET Q
q 0 0 0 rg BT 361.13 172.35 Td (rust ) Tj ET Q
q 0 0 0 rg BT 380.84 172.35 Td (Global ) Tj ET Q
q 0 0 0 rg BT 413.39 172.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 432.51 172.35 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 464.48 172.35 Td (Infrastructure. ) Tj ET Q
q 0 0 0 rg BT 528.21 172.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 532.18 172.35 Td (Market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 159.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 106.15 159.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 124.91 159.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 150.08 159.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 170.01 159.75 Td ($21.3 ) Tj ET Q
q 0 0 0 rg BT 197.23 159.75 Td (billion. ) Tj ET Q
q 0 0 0 rg BT 230.61 159.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 250.53 159.75 Td (negative ) Tj ET Q
q 0 0 0 rg BT 289.70 159.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 321.87 159.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 334.21 159.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 368.13 159.75 Td (currency ) Tj ET Q
q 0 0 0 rg BT 408.46 159.75 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 451.70 159.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 471.03 159.75 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 524.20 159.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 544.13 159.75 Td ($8.4 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 147.15 Td (billion. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 121.95 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.75 121.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 117.75 121.95 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 156.84 121.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 174.92 121.95 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 237.92 121.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 278.74 121.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 294.48 121.95 Td (generally ) Tj ET Q
q 0 0 0 rg BT 336.47 121.95 Td (terminable ) Tj ET Q
q 0 0 0 rg BT 384.29 121.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 394.79 121.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 414.05 121.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 425.72 121.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 449.65 121.95 Td (relatively ) Tj ET Q
q 0 0 0 rg BT 492.22 121.95 Td (short ) Tj ET Q
q 0 0 0 rg BT 516.15 121.95 Td (notice, ) Tj ET Q
q 0 0 0 rg BT 547.35 121.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 109.35 Td (investors ) Tj ET Q
q 0 0 0 rg BT 90.23 109.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 101.22 109.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 116.87 109.35 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 148.85 109.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 175.01 109.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 192.99 109.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 217.38 109.35 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 254.60 109.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 273.17 109.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 288.23 109.35 Td (manage ) Tj ET Q
q 0 0 0 rg BT 323.70 109.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 344.60 109.35 Td (redeem ) Tj ET Q
q 0 0 0 rg BT 378.32 109.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 400.38 109.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 453.36 109.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 464.35 109.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 480.00 109.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 506.15 109.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 517.72 109.35 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 554.94 109.35 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 96.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 68.49 96.75 Td (time ) Tj ET Q
q 0 0 0 rg BT 90.99 96.75 Td (without ) Tj ET Q
q 0 0 0 rg BT 126.91 96.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 151.15 96.75 Td (notice.� ) Tj ET Q
q 0 0 0 rg BT 185.89 96.75 Td (Institutional ) Tj ET Q
q 0 0 0 rg BT 240.47 96.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 259.46 96.75 Td (individual ) Tj ET Q
q 0 0 0 rg BT 305.88 96.75 Td (clients ) Tj ET Q
q 0 0 0 rg BT 337.12 96.75 Td (can ) Tj ET Q
q 0 0 0 rg BT 355.52 96.75 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 399.00 96.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 422.08 96.75 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 479.57 96.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 502.07 96.75 Td (us, ) Tj ET Q
q 0 0 0 rg BT 517.87 96.75 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 549.68 96.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 84.15 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 93.01 84.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 127.22 84.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 138.67 84.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 165.88 84.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 192.49 84.15 Td (management, ) Tj ET Q
q 0 0 0 rg BT 251.47 84.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 262.92 84.15 Td (shift ) Tj ET Q
q 0 0 0 rg BT 284.29 84.15 Td (their ) Tj ET Q
q 0 0 0 rg BT 306.24 84.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 332.28 84.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 343.16 84.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 367.44 84.15 Td (types ) Tj ET Q
q 0 0 0 rg BT 392.31 84.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 403.77 84.15 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 443.21 84.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 464.58 84.15 Td (dif) Tj ET Q
q 0 0 0 rg BT 476.06 84.15 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 503.25 84.15 Td (rate ) Tj ET Q
q 0 0 0 rg BT 521.69 84.15 Td (structures ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 71.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 63.79 71.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 81.00 71.55 Td (number ) Tj ET Q
q 0 0 0 rg BT 115.13 71.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.92 71.55 Td (reasons, ) Tj ET Q
q 0 0 0 rg BT 162.09 71.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 203.80 71.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 251.93 71.55 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 309.65 71.55 Td (changes ) Tj ET Q
q 0 0 0 rg BT 345.52 71.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 355.74 71.55 Td (prevailing ) Tj ET Q
q 0 0 0 rg BT 400.35 71.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 433.31 71.55 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 457.81 71.55 Td (changes ) Tj ET Q
q 0 0 0 rg BT 493.67 71.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 503.89 71.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 519.94 71.55 Td (reputation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 58.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.61 58.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 74.38 58.95 Td (marketplace, ) Tj ET Q
q 0 0 0 rg BT 130.26 58.95 Td (changes ) Tj ET Q
q 0 0 0 rg BT 166.02 58.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 176.13 58.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 231.72 58.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 242.41 58.95 Td (control ) Tj ET Q
q 0 0 0 rg BT 274.10 58.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 284.79 58.95 Td (clients ) Tj ET Q
q 0 0 0 rg BT 314.14 58.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 324.83 58.95 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 371.68 58.95 Td (distributors ) Tj ET Q
q 0 0 0 rg BT 421.46 58.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 442.07 58.95 Td (whom ) Tj ET Q
q 0 0 0 rg BT 470.27 58.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 484.46 58.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 506.22 58.95 Td (relationships, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 46.35 Td (loss ) Tj ET Q
q 0 0 0 rg BT 68.47 46.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 79.84 46.35 Td (key ) Tj ET Q
q 0 0 0 rg BT 97.62 46.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 146.33 46.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 202.60 46.35 Td (personnel ) Tj ET Q
q 0 0 0 rg BT 246.04 46.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 257.41 46.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 296.77 46.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 328.55 46.35 Td (performance.) Tj ET Q
endstream
endobj
91 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 92 0 R>>
endobj
92 0 obj
<</Length 18854>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (43) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 76.05 741.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 88.19 741.90 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 113.57 741.90 Td (Class) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 76.63 729.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 89.75 729.30 Td (asset ) Tj ET Q
q 0 0 0 rg BT 112.79 729.30 Td (class ) Tj ET Q
q 0 0 0 rg BT 135.83 729.30 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 150.11 729.30 Td (billions\) ) Tj ET Q
q 0 0 0 rg BT 187.74 729.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 206.70 729.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 218.07 729.30 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 703.8 m
498 703.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 703.8 m
506 703.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506 703.8 m
563 703.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 667.8 m
166 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170 667.8 m
213 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
217 667.8 m
261 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 667.8 m
307 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 667.8 m
348 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 667.8 m
393 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 667.8 m
435 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 667.8 m
498 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506 667.8 m
563 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 667.8 m
307 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 667.8 m
348 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 667.8 m
393 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 667.8 m
435 667.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 622.8 m
166 622.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170 622.8 m
213 622.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
217 622.8 m
261 622.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 622.8 m
307 622.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 622.8 m
348 622.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 622.8 m
393 622.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 622.8 m
435 622.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 592.8 m
166 592.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170 592.8 m
213 592.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
217 592.8 m
261 592.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 592.8 m
307 592.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 592.8 m
348 592.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 592.8 m
393 592.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 592.8 m
435 592.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 577.8 m
166 577.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170 577.8 m
213 577.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
217 577.8 m
261 577.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 577.8 m
307 577.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 577.8 m
348 577.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 577.8 m
393 577.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 577.8 m
435 577.8 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.75 708.57 Td (% Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 672.57 Td (As of March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 180.50 672.59 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 227.55 683.09 Td (% of) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 227.00 672.59 Td (T) Tj ET Q
q 0 0 0 rg BT 233.04 672.59 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 275.00 672.57 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.90 683.07 Td (% of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.25 672.57 Td (T) Tj ET Q
q 0 0 0 rg BT 323.93 672.57 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.50 672.57 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 405.40 683.07 Td (% of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.75 672.57 Td (T) Tj ET Q
q 0 0 0 rg BT 410.43 672.57 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.50 693.59 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 444.15 683.09 Td (Compar) Tj ET Q
q 0 0 0 rg BT 481.29 683.09 Td (ed) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.80 672.59 Td (to 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.50 693.57 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 512.10 683.07 Td (Compared) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.10 672.57 Td (to 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.00 657.57 Td ( Equity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 172.50 657.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 185.35 657.59 Td (161.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 239.50 657.59 Td (22) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 250.00 657.59 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.50 657.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.35 657.57 Td (202.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.25 657.57 Td (27) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 338.75 657.57 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.50 657.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.35 657.57 Td (203.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.25 657.57 Td (27) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.75 657.57 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 469.50 657.59 Td (\(20) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 483.50 657.59 Td (\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.75 657.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 657.57 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 642.57 Td (Fixed Income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 185.35 642.59 Td (420.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 239.50 642.59 Td (58) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.35 642.57 Td (419.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.25 642.57 Td (55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.35 642.57 Td (422.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.25 642.57 Td (56) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 473.00 642.59 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.50 642.57 Td (\(1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 642.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 627.57 Td (Alternative) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 190.60 627.59 Td (74.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 239.50 627.59 Td (10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.60 627.57 Td (68.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.50 627.57 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.60 627.57 Td (66.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.50 627.57 Td (9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 478.25 627.59 Td (8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 545.00 627.57 Td (4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 612.57 Td (T) Tj ET Q
q 0 0 0 rg BT 73.18 612.57 Td (otal long-term assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 185.35 612.59 Td (655.7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 239.50 612.59 Td (90) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.35 612.57 Td (690.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.25 612.57 Td (91) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.35 612.57 Td (691.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.25 612.57 Td (92) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 474.75 612.59 Td (\(5) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 483.50 612.59 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.75 612.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 597.57 Td (Liquidity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 190.60 597.59 Td (75.1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 239.50 597.59 Td (10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.60 597.57 Td (67.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.50 597.57 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.60 597.57 Td (62.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.50 597.57 Td (8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 473.00 597.59 Td (1) Tj ET Q
q 0 0 0 rg BT 478.25 597.59 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 545.00 597.57 Td (8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 582.57 Td (T) Tj ET Q
q 0 0 0 rg BT 64.18 582.57 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 172.50 582.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 185.35 582.59 Td (730.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 234.25 582.59 Td (100) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 250.00 582.59 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.50 582.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.35 582.57 Td (758.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.00 582.57 Td (100) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 338.75 582.57 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.50 582.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.35 582.57 Td (754.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.00 582.57 Td (100) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.75 582.57 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 474.75 582.59 Td (\(4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 483.50 582.59 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 545.00 582.57 Td (1) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 553.70 Td (A) Tj ET Q
q 0 0 0 rg BT 56.30 553.70 Td (verage ) Tj ET Q
q 0 0 0 rg BT 86.33 553.70 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 113.46 553.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 126.58 553.70 Td (asset ) Tj ET Q
q 0 0 0 rg BT 149.62 553.70 Td (class ) Tj ET Q
q 0 0 0 rg BT 172.65 553.70 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 186.94 553.70 Td (billions\) ) Tj ET Q
q 0 0 0 rg BT 224.57 553.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 243.53 553.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 254.90 553.70 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 528.2 m
498 528.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 528.2 m
506 528.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506 528.2 m
563 528.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 492.2 m
166 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170 492.2 m
213 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
217 492.2 m
261 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 492.2 m
307 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 492.2 m
348 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 492.2 m
393 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 492.2 m
435 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 492.2 m
498 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506 492.2 m
563 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 492.2 m
307 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 492.2 m
348 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 492.2 m
393 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 492.2 m
435 492.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 450.2 m
166 450.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170 450.2 m
213 450.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
217 450.2 m
261 450.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 450.2 m
307 450.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 450.2 m
348 450.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 450.2 m
393 450.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 450.2 m
435 450.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 422.2 m
166 422.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170 422.2 m
213 422.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
217 422.2 m
261 422.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 422.2 m
307 422.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 422.2 m
348 422.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 422.2 m
393 422.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 422.2 m
435 422.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 408.2 m
166 408.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170 408.2 m
213 408.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
217 408.2 m
261 408.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265 408.2 m
307 408.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311 408.2 m
348 408.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 408.2 m
393 408.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397 408.2 m
435 408.2 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.75 532.97 Td (% Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 496.97 Td (Y) Tj ET Q
q 0 0 0 rg BT 59.03 496.97 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 180.50 496.99 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 227.55 507.49 Td (% of) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 227.00 496.99 Td (T) Tj ET Q
q 0 0 0 rg BT 233.04 496.99 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 275.00 496.97 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.90 507.47 Td (% of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.25 496.97 Td (T) Tj ET Q
q 0 0 0 rg BT 323.93 496.97 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.50 496.97 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 405.40 507.47 Td (% of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.75 496.97 Td (T) Tj ET Q
q 0 0 0 rg BT 410.43 496.97 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.50 517.99 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 444.15 507.49 Td (Compar) Tj ET Q
q 0 0 0 rg BT 481.29 507.49 Td (ed) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.80 496.99 Td (to 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.50 517.97 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 512.10 507.47 Td (Compared) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.10 496.97 Td (to 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.00 482.42 Td ( Equity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 172.50 482.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 185.35 482.59 Td (201.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 239.50 482.59 Td (26) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 250.00 482.59 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.50 482.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.35 482.42 Td (203.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.25 482.42 Td (27) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 338.75 482.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.50 482.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.35 482.42 Td (200.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.25 482.42 Td (26) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.75 482.42 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 474.75 482.59 Td (\(1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 483.50 482.59 Td (\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.50 482.42 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 482.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 468.42 Td (Fixed Income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 185.35 468.59 Td (439.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 239.50 468.59 Td (57) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.35 468.42 Td (412.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.25 468.42 Td (55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.35 468.42 Td (412.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.25 468.42 Td (55) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 478.25 468.59 Td (7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.25 468.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 57.00 454.77 Td (Alternative) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 190.60 454.59 Td (72.3) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 245.00 454.88 Td (9) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 285.50 454.77 Td (66.5) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 333.75 454.77 Td (9) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 371.50 454.77 Td (66.3) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 420.75 454.77 Td (9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 478.25 454.59 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.25 454.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 440.42 Td (T) Tj ET Q
q 0 0 0 rg BT 73.18 440.42 Td (otal long-term assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 185.35 440.59 Td (713.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 239.50 440.59 Td (92) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.35 440.42 Td (682.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.25 440.42 Td (91) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.35 440.42 Td (678.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.25 440.42 Td (90) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 478.25 440.59 Td (5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.50 440.42 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 426.42 Td (Liquidity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 190.60 426.59 Td (64.6) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 244.75 426.59 Td (8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.60 426.42 Td (65.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.50 426.42 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.60 426.42 Td (75.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.25 426.42 Td (10) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 474.75 426.59 Td (\(1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 483.50 426.59 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.75 426.42 Td (\(13) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 426.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 412.42 Td (T) Tj ET Q
q 0 0 0 rg BT 64.18 412.42 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 172.50 412.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 185.35 412.59 Td (778.0) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 234.25 412.59 Td (100) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 250.00 412.59 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.50 412.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.35 412.42 Td (748.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.00 412.42 Td (100) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 338.75 412.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.50 412.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.35 412.42 Td (754.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.00 412.42 Td (100) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.75 412.42 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 478.25 412.59 Td (4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 545.00 412.42 Td (\(1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 412.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
93 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 94 0 R>>
endobj
94 0 obj
<</Length 37779>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (44) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 741.75 Td (component ) Tj ET Q
q 0 0 0 rg BT 117.73 741.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 154.17 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 164.97 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 181.01 741.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 208.14 741.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 221.26 741.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 244.30 741.75 Td (class ) Tj ET Q
q 0 0 0 rg BT 267.33 741.75 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 281.62 741.75 Td (billions\) ) Tj ET Q
q 0 0 0 rg BT 319.25 741.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 342.28 741.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 353.65 741.75 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 695.25 m
247 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 695.25 m
298 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 695.25 m
349 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 695.25 m
353 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 695.25 m
407 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 695.25 m
458 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 695.25 m
510 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 695.25 m
562 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 695.25 m
247 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 695.25 m
298 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 695.25 m
349 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 695.25 m
353 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 695.25 m
407 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 695.25 m
458 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 695.25 m
510 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 695.25 m
562 695.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 597.25 m
247 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 597.25 m
298 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 597.25 m
349 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 597.25 m
353 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 597.25 m
407 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 597.25 m
458 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 597.25 m
510 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 597.25 m
562 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 597.25 m
298 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 597.25 m
349 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 597.25 m
353 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 597.25 m
407 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 597.25 m
458 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 597.25 m
510 597.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 523.25 m
247 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 523.25 m
298 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 523.25 m
349 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 523.25 m
353 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 523.25 m
407 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 523.25 m
458 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 523.25 m
510 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 523.25 m
562 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 523.25 m
298 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 523.25 m
349 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 523.25 m
353 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 523.25 m
407 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 523.25 m
458 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 523.25 m
510 523.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 426.25 m
247 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 426.25 m
298 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 426.25 m
349 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 426.25 m
407 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 426.25 m
510 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 426.25 m
298 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
298 426.25 m
302 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 426.25 m
349 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 426.25 m
353 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 426.25 m
407 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 426.25 m
411 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 426.25 m
458 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
458 426.25 m
462 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 426.25 m
510 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
510 426.25 m
514 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 426.25 m
562 426.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 365.25 m
247 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 365.25 m
298 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 365.25 m
349 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 365.25 m
407 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 365.25 m
458 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 365.25 m
510 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 365.25 m
562 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 365.25 m
247 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 365.25 m
298 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 365.25 m
349 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 365.25 m
353 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 365.25 m
407 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 365.25 m
458 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 365.25 m
510 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 365.25 m
562 365.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 269.25 m
247 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 269.25 m
298 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 269.25 m
349 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 269.25 m
407 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 269.25 m
510 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 269.25 m
298 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
298 269.25 m
302 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 269.25 m
349 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
349 269.25 m
353 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 269.25 m
407 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 269.25 m
411 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 269.25 m
458 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
458 269.25 m
462 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 269.25 m
510 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
510 269.25 m
514 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 269.25 m
562 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 199.25 m
247 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 199.25 m
298 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 199.25 m
349 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 199.25 m
407 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 199.25 m
458 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 199.25 m
510 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 199.25 m
562 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 185.25 m
247 185.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
251 185.25 m
298 185.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 199.25 m
349 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302 185.25 m
349 185.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 199.25 m
407 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 185.25 m
407 185.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 199.25 m
458 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 185.25 m
458 185.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 199.25 m
510 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
462 185.25 m
510 185.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 199.25 m
562 199.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514 185.25 m
562 185.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 700.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 260.00 700.02 Td (Equity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 313.00 710.52 Td (Fixed) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 309.25 700.02 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.85 700.02 Td (Alternative) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 423.25 721.02 Td (T) Tj ET Q
q 0 0 0 rg BT 428.93 721.02 Td (otal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.15 710.52 Td (Long-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.95 700.02 Td (T) Tj ET Q
q 0 0 0 rg BT 428.63 700.02 Td (erm) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.95 700.02 Td (Liquidity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 526.75 700.02 Td (T) Tj ET Q
q 0 0 0 rg BT 532.43 700.02 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 685.47 Td (March 31, 2017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 253.50 685.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 270.35 685.47 Td (179.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 304.50 685.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.35 685.47 Td (394.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.50 685.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.60 685.47 Td (67.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.50 685.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.35 685.47 Td (642.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 464.50 685.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.60 685.47 Td (86.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.50 685.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 685.47 Td (728.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 670.52 Td (Investment funds, excluding liquidity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.50 660.02 Td (funds:) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 92.75 664.78 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.50 660.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.50 660.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.50 660.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.50 660.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 69.50 645.47 Td (Subscriptions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 275.60 645.47 Td (22.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.60 645.47 Td (36.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 645.47 Td (6.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.60 645.47 Td (65.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 645.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 645.47 Td (65.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 69.50 630.02 Td (Redemptions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 272.10 630.02 Td (\(27.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 630.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.10 630.02 Td (\(23.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.00 630.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 630.02 Td (\(5.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 630.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.10 630.02 Td (\(56.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 630.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 630.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 630.02 Td (\(56.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 630.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 615.47 Td (Long-term separate account flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.35 615.47 Td (\(2.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 615.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.35 615.47 Td (\(3.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.00 615.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 615.47 Td (\(1.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 615.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.35 615.47 Td (\(7.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 615.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 615.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 615.47 Td (\(7.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 615.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 601.47 Td (Liquidity flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.50 601.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.50 601.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.50 601.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.50 601.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.10 601.47 Td (\(24.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.00 601.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 601.47 Td (\(24.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 601.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 587.47 Td (Net client cash flows) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.35 587.47 Td (\(6.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 587.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.85 587.47 Td (9.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 587.47 Td (\(1.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 587.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.85 587.47 Td (1.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.10 587.47 Td (\(24.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.00 587.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 587.47 Td (\(22.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 587.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 572.02 Td (Realizations ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 106.03 576.78 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.50 572.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.50 572.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 572.02 Td (\(2.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 572.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.35 572.02 Td (\(2.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 572.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 572.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 572.02 Td (\(2.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 572.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 557.47 Td (Market performance and other ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 182.11 562.23 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 275.60 557.47 Td (28.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.60 557.47 Td (14.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 557.47 Td (1.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.60 557.47 Td (44.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.85 557.47 Td (0.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 557.47 Td (45.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 542.02 Td (Impact of foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.85 542.02 Td (1.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.85 542.02 Td (4.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 542.02 Td (0.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.85 542.02 Td (5.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 489.35 542.02 Td (\(0.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.00 542.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 542.02 Td (5.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 527.47 Td (Acquisitions \(dispositions\), net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.35 527.47 Td (\(0.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 527.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.50 527.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 527.47 Td (0.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.35 527.47 Td (\(0.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 527.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 527.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 527.47 Td (\(0.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 527.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 513.02 Td (March 31, 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 270.35 513.02 Td (203.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.35 513.02 Td (422.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.60 513.02 Td (66.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.35 513.02 Td (691.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.60 513.02 Td (62.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 513.02 Td (754.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 497.52 Td (Investment funds, excluding liquidity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.50 487.02 Td (funds:) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 92.75 491.78 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 69.50 472.47 Td (Subscriptions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 275.60 472.47 Td (21.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.60 472.47 Td (29.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 472.47 Td (5.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.60 472.47 Td (56.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 472.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 472.47 Td (56.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 69.50 458.47 Td (Redemptions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 272.10 458.47 Td (\(26.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 458.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.10 458.47 Td (\(33.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.00 458.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 458.47 Td (\(4.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 458.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.10 458.47 Td (\(64.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 458.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 458.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 458.47 Td (\(64.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 458.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 444.47 Td (Long-term separate account flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.35 444.47 Td (\(2.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 444.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.85 444.47 Td (0.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 444.47 Td (0.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.35 444.47 Td (\(1.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 444.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 444.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 444.47 Td (\(1.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 444.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 430.47 Td (Liquidity flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.50 430.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.50 430.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.50 430.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.50 430.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.85 430.47 Td (2.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 430.47 Td (2.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 415.02 Td (Net client cash flows) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.35 415.02 Td (\(7.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 415.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.35 415.02 Td (\(4.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.00 415.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 415.02 Td (1.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.10 415.02 Td (\(10.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 415.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.85 415.02 Td (2.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 415.02 Td (\(8.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 415.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 399.02 Td (Realizations ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 106.03 403.78 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.50 399.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.50 399.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 399.02 Td (\(1.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 399.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.35 399.02 Td (\(1.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 399.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 399.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 399.02 Td (\(1.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 399.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 384.47 Td (Market performance and other ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 182.11 389.23 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.85 384.47 Td (7.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.85 384.47 Td (7.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 384.47 Td (2.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.60 384.47 Td (18.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.85 384.47 Td (3.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 384.47 Td (21.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 370.02 Td (Impact of foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.35 370.02 Td (\(1.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 370.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.35 370.02 Td (\(6.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.00 370.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 370.02 Td (\(0.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 370.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.35 370.02 Td (\(7.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 370.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 489.35 370.02 Td (\(0.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.00 370.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 370.02 Td (\(8.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 370.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 355.47 Td (March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 270.35 355.47 Td (202.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.35 355.47 Td (419.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.60 355.47 Td (68.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.35 355.47 Td (690.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.60 355.47 Td (67.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 355.47 Td (758.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 340.52 Td (Investment funds, excluding liquidity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.50 330.02 Td (funds:) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 92.75 334.78 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 69.50 315.47 Td (Subscriptions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 275.60 315.47 Td (23.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.60 315.47 Td (39.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 315.47 Td (8.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.60 315.47 Td (72.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 315.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 315.47 Td (72.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 69.50 301.47 Td (Redemptions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 272.10 301.47 Td (\(29.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 301.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.10 301.47 Td (\(32.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.00 301.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 301.47 Td (\(3.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 301.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.10 301.47 Td (\(64.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 301.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 301.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 301.47 Td (\(64.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 301.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 287.47 Td (Long-term separate account flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 272.10 287.47 Td (\(1) Tj ET Q
q 0 0 0 rg BT 280.85 287.47 Td (1.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 287.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.10 287.47 Td (\(10.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.00 287.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 287.47 Td (1.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.10 287.47 Td (\(20.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 287.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 287.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 287.47 Td (\(20.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 287.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 273.47 Td (Liquidity flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.50 273.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.50 273.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.50 273.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.50 273.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.85 273.47 Td (6.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 273.47 Td (6.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 259.47 Td (Net client cash flows) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 272.10 259.47 Td (\(16.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 259.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.35 259.47 Td (\(3.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.00 259.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 259.47 Td (7.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.10 259.47 Td (\(12.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 259.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.85 259.47 Td (6.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 259.47 Td (\(6.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 259.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 245.47 Td (Realizations ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 106.03 250.23 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.50 245.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.50 245.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 245.47 Td (\(1.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 245.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.35 245.47 Td (\(1.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 245.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 245.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 245.47 Td (\(1.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 245.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 231.47 Td (Market performance and other ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 182.11 236.23 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 272.10 231.47 Td (\(23.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 231.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.85 231.47 Td (9.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 231.47 Td (\(0.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 231.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.10 231.47 Td (\(14.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 231.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.85 231.47 Td (1.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 231.47 Td (\(12.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 231.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 217.47 Td (Impact of foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.35 217.47 Td (\(0.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 217.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.35 217.47 Td (\(5.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.00 217.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.35 217.47 Td (\(0.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.00 217.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.35 217.47 Td (\(7.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.00 217.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 489.35 217.47 Td (\(0.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.00 217.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 217.47 Td (\(7.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 217.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 203.47 Td (Acquisition) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.85 203.47 Td (0.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.50 203.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 203.47 Td (0.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.85 203.47 Td (0.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.50 203.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 203.47 Td (0.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.50 189.64 Td (Mar) Tj ET Q
q 0 0 0 rg BT 71.13 189.64 Td (ch 31, 2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 253.50 189.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 270.35 189.64 Td (161.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 304.50 189.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 321.35 189.64 Td (420.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 355.50 189.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 384.60 189.64 Td (74.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 413.50 189.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 430.35 189.64 Td (655.7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 464.50 189.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 487.60 189.64 Td (75.1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 516.50 189.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 534.35 189.64 Td (730.8) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 176.15 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 60.83 176.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 62.83 176.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 67.50 176.15 Td (Subscriptions ) Tj ET Q
q 0 0 0 rg BT 113.06 176.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 126.61 176.15 Td (redemptions ) Tj ET Q
q 0 0 0 rg BT 168.16 176.15 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 190.58 176.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.36 176.15 Td (gross ) Tj ET Q
q 0 0 0 rg BT 221.25 176.15 Td (activity ) Tj ET Q
q 0 0 0 rg BT 247.24 176.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 255.46 176.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.23 176.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 287.01 176.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 300.56 176.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 326.11 176.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 346.77 176.15 Td (transferred ) Tj ET Q
q 0 0 0 rg BT 383.42 176.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 412.07 176.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 431.85 176.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 445.40 176.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 474.05 176.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 492.93 176.15 Td (classes.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 166.55 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 67.50 166.55 Td (Realizations ) Tj ET Q
q 0 0 0 rg BT 109.03 166.55 Td (represent ) Tj ET Q
q 0 0 0 rg BT 140.34 166.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 177.43 166.55 Td (manager) Tj ET Q
q 0 0 0 rg BT 204.81 166.55 Td (-driven ) Tj ET Q
q 0 0 0 rg BT 229.90 166.55 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 271.89 166.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 303.65 166.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 327.40 166.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 335.61 166.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.37 166.55 Td (sale ) Tj ET Q
q 0 0 0 rg BT 361.80 166.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.45 166.55 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 393.10 166.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 395.09 166.55 Td (Realizations ) Tj ET Q
q 0 0 0 rg BT 436.62 166.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 448.38 166.55 Td (specific ) Tj ET Q
q 0 0 0 rg BT 475.24 166.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 483.45 166.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 496.10 166.55 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 531.85 166.55 Td (managers ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 156.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 81.05 156.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 91.05 156.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 103.27 156.95 Td (include ) Tj ET Q
q 0 0 0 rg BT 128.82 156.95 Td (client-driven ) Tj ET Q
q 0 0 0 rg BT 171.69 156.95 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 213.70 156.95 Td (\(e.g. ) Tj ET Q
q 0 0 0 rg BT 229.91 156.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 249.68 156.95 Td (requested ) Tj ET Q
q 0 0 0 rg BT 282.33 156.95 Td (redemptions, ) Tj ET Q
q 0 0 0 rg BT 325.88 156.95 Td (liquidations ) Tj ET Q
q 0 0 0 rg BT 365.66 156.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 374.32 156.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 391.87 156.95 Td (transfers\).) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 147.35 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 67.50 147.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 80.70 147.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.57 147.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 111.54 147.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 132.73 147.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 155.70 147.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 167.79 147.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 185.88 147.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.52 147.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 219.61 147.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 238.13 147.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 269.99 147.35 Td (includes ) Tj ET Q
q 0 0 0 rg BT 298.74 147.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.61 147.35 Td (reinvestment ) Tj ET Q
q 0 0 0 rg BT 354.02 147.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 362.77 147.35 Td (dividends. ) Tj ET Q
q 0 0 0 rg BT 397.97 147.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 400.06 147.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 413.26 147.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 425.13 147.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 440.98 147.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 462.17 147.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 485.14 147.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 497.23 147.35 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 517.32 147.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 535.85 147.35 Td (includes ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 137.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.32 137.75 Td (reclassification, ) Tj ET Q
q 0 0 0 rg BT 131.78 137.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 137.85 137.75 Td (fective ) Tj ET Q
q 0 0 0 rg BT 161.20 137.75 Td (April ) Tj ET Q
q 0 0 0 rg BT 180.13 137.75 Td (1, ) Tj ET Q
q 0 0 0 rg BT 188.17 137.75 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 208.22 137.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.92 137.75 Td ($12.1 ) Tj ET Q
q 0 0 0 rg BT 236.96 137.75 Td (billion ) Tj ET Q
q 0 0 0 rg BT 259.90 137.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 273.49 137.75 Td ($3.9 ) Tj ET Q
q 0 0 0 rg BT 289.53 137.75 Td (billion ) Tj ET Q
q 0 0 0 rg BT 312.46 137.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 321.17 137.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 344.97 137.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 367.01 137.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 380.60 137.75 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 399.08 137.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 424.67 137.75 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 447.38 137.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 485.51 137.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 489.55 137.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 511.14 137.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 528.73 137.75 Td (previously ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 128.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 97.78 128.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 106.14 128.15 Td (AUA) Tj ET Q
q 0 0 0 rg BT 123.03 128.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 125.76 128.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 134.12 128.15 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 157.52 128.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 171.37 128.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.88 128.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 200.38 128.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 222.22 128.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 245.83 128.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 258.57 128.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 279.30 128.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 298.47 128.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 314.10 128.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 343.49 128.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 356.00 128.15 Td (reinvestment ) Tj ET Q
q 0 0 0 rg BT 400.06 128.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 409.46 128.15 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 443.30 128.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 457.59 128.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 463.87 128.15 Td ($\(3.7\) ) Tj ET Q
q 0 0 0 rg BT 485.94 128.15 Td (billion ) Tj ET Q
q 0 0 0 rg BT 509.56 128.15 Td (reconciliation ) Tj ET Q
q 0 0 0 rg BT 556.28 128.15 Td (to ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 118.55 Td (previously ) Tj ET Q
q 0 0 0 rg BT 103.27 118.55 Td (reported ) Tj ET Q
q 0 0 0 rg BT 131.93 118.55 Td (amounts.) Tj ET Q
endstream
endobj
95 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 96 0 R>>
endobj
96 0 obj
<</Length 25347>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (45) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 76.05 741.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 88.58 741.90 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 143.73 741.90 Td (Channel) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 729.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 66.53 729.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 89.64 729.30 Td (two ) Tj ET Q
q 0 0 0 rg BT 108.69 729.30 Td (principal ) Tj ET Q
q 0 0 0 rg BT 149.30 729.30 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 201.02 729.30 Td (channels, ) Tj ET Q
q 0 0 0 rg BT 243.68 729.30 Td (Global ) Tj ET Q
q 0 0 0 rg BT 275.55 729.30 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 329.60 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 347.33 729.30 Td (Af) Tj ET Q
q 0 0 0 rg BT 358.22 729.30 Td (filiate/Other) Tj ET Q
q 0 0 0 rg BT 409.11 729.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 415.03 729.30 Td (through ) Tj ET Q
q 0 0 0 rg BT 450.99 729.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 479.95 729.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 495.49 729.30 Td (sell ) Tj ET Q
q 0 0 0 rg BT 513.36 729.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 521.32 729.30 Td (variety ) Tj ET Q
q 0 0 0 rg BT 553.77 729.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 99.04 716.70 Td (products ) Tj ET Q
q 0 0 0 rg BT 138.66 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 157.29 716.70 Td (services. ) Tj ET Q
q 0 0 0 rg BT 197.19 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 200.65 716.70 Td (Global ) Tj ET Q
q 0 0 0 rg BT 232.69 716.70 Td (Distribution, ) Tj ET Q
q 0 0 0 rg BT 289.53 716.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 318.66 716.70 Td (consists ) Tj ET Q
q 0 0 0 rg BT 355.37 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 367.58 716.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 385.04 716.70 Td (centralized ) Tj ET Q
q 0 0 0 rg BT 434.55 716.70 Td (global ) Tj ET Q
q 0 0 0 rg BT 464.26 716.70 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 516.14 716.70 Td (operations, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (principally ) Tj ET Q
q 0 0 0 rg BT 98.45 704.10 Td (sells ) Tj ET Q
q 0 0 0 rg BT 120.59 704.10 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 142.73 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 161.35 704.10 Td (international ) Tj ET Q
q 0 0 0 rg BT 217.88 704.10 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 250.51 704.10 Td (funds ) Tj ET Q
q 0 0 0 rg BT 277.31 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 295.94 704.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 320.98 704.10 Td (commingled ) Tj ET Q
q 0 0 0 rg BT 376.94 704.10 Td (vehicles, ) Tj ET Q
q 0 0 0 rg BT 417.43 704.10 Td (retail ) Tj ET Q
q 0 0 0 rg BT 442.47 704.10 Td (separately ) Tj ET Q
q 0 0 0 rg BT 488.49 704.10 Td (managed ) Tj ET Q
q 0 0 0 rg BT 529.86 704.10 Td (account ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (programs, ) Tj ET Q
q 0 0 0 rg BT 93.64 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 110.65 691.50 Td (sub-advisory ) Tj ET Q
q 0 0 0 rg BT 166.75 691.50 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 205.34 691.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 219.43 691.50 Td (insurance ) Tj ET Q
q 0 0 0 rg BT 261.52 691.50 Td (companies ) Tj ET Q
q 0 0 0 rg BT 308.28 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 325.29 691.50 Td (similar ) Tj ET Q
q 0 0 0 rg BT 356.31 691.50 Td (clients. ) Tj ET Q
q 0 0 0 rg BT 388.20 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 389.64 691.50 Td (Af) Tj ET Q
q 0 0 0 rg BT 400.53 691.50 Td (filiate/Other ) Tj ET Q
q 0 0 0 rg BT 453.70 691.50 Td (consists ) Tj ET Q
q 0 0 0 rg BT 488.81 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 499.41 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.09 691.50 Td (distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (operations ) Tj ET Q
q 0 0 0 rg BT 96.18 678.90 Td (within ) Tj ET Q
q 0 0 0 rg BT 125.97 678.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 142.91 678.90 Td (asset ) Tj ET Q
q 0 0 0 rg BT 166.26 678.90 Td (managers, ) Tj ET Q
q 0 0 0 rg BT 212.07 678.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 240.67 678.90 Td (principally ) Tj ET Q
q 0 0 0 rg BT 289.11 678.90 Td (sell ) Tj ET Q
q 0 0 0 rg BT 306.63 678.90 Td (institutional ) Tj ET Q
q 0 0 0 rg BT 359.75 678.90 Td (separate ) Tj ET Q
q 0 0 0 rg BT 397.09 678.90 Td (account ) Tj ET Q
q 0 0 0 rg BT 432.68 678.90 Td (management, ) Tj ET Q
q 0 0 0 rg BT 491.90 678.90 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 530.43 678.90 Td (\(money ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (market\) ) Tj ET Q
q 0 0 0 rg BT 84.77 666.30 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 113.36 666.30 Td (real ) Tj ET Q
q 0 0 0 rg BT 131.72 666.30 Td (estate ) Tj ET Q
q 0 0 0 rg BT 158.25 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 176.03 666.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 200.23 666.30 Td (privately ) Tj ET Q
q 0 0 0 rg BT 240.18 666.30 Td (placed ) Tj ET Q
q 0 0 0 rg BT 270.20 666.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 318.90 666.30 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 347.49 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 365.27 666.30 Td (funds-of-hedge ) Tj ET Q
q 0 0 0 rg BT 432.04 666.30 Td (funds.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 641.10 Td (component ) Tj ET Q
q 0 0 0 rg BT 117.73 641.10 Td (changes ) Tj ET Q
q 0 0 0 rg BT 154.17 641.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 164.97 641.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 181.01 641.10 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 208.14 641.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 221.26 641.10 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 272.31 641.10 Td (channel ) Tj ET Q
q 0 0 0 rg BT 307.58 641.10 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 321.87 641.10 Td (billions\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 605.6 m
312 605.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 605.6 m
389 605.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 605.6 m
474 605.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 605.6 m
562 605.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 605.6 m
312 605.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 605.6 m
389 605.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 605.6 m
474 605.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 605.6 m
562 605.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 545.6 m
312 545.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 545.6 m
389 545.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 545.6 m
474 545.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 545.6 m
562 545.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 545.6 m
389 545.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 545.6 m
474 545.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 470.6 m
312 470.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 470.6 m
474 470.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 470.6 m
312 470.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 470.6 m
389 470.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 470.6 m
562 470.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 410.6 m
312 410.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 410.6 m
389 410.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 410.6 m
474 410.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 410.6 m
562 410.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 350.6 m
312 350.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 350.6 m
389 350.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 350.6 m
474 350.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 350.6 m
562 350.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 290.6 m
312 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 290.6 m
389 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 290.6 m
474 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 290.6 m
562 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 290.6 m
474 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 290.6 m
562 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 215.60000000000002 m
312 215.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 200.60000000000002 m
312 200.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 215.60000000000002 m
389 215.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316 200.60000000000002 m
389 200.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 215.60000000000002 m
474 215.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 200.60000000000002 m
474 200.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 215.60000000000002 m
562 215.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488 200.60000000000002 m
562 200.60000000000002 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 337.70 620.82 Td (Global) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.60 610.32 Td (Distribution) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 405.85 610.37 Td (Af) Tj ET Q
q 0 0 0 rg BT 416.83 610.37 Td (filiate/Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 513.75 610.37 Td (T) Tj ET Q
q 0 0 0 rg BT 519.43 610.37 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 595.37 Td (March 31, 2017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.50 595.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.35 595.37 Td (285.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.50 595.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.35 595.37 Td (442.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.50 595.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 595.37 Td (728.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 580.37 Td (Net client cash flows:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 565.37 Td (Long-term flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.60 565.37 Td (15.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.10 565.37 Td (\(14.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 565.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 565.37 Td (1.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 550.37 Td (Liquidity flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.50 550.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.10 550.37 Td (\(24.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 550.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 550.37 Td (\(24.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 550.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 535.37 Td (T) Tj ET Q
q 0 0 0 rg BT 57.55 535.37 Td (otal net client cash flows) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.60 535.37 Td (15.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.10 535.37 Td (\(38.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 535.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 535.37 Td (\(22.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 535.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 520.37 Td (Realizations ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 106.03 525.13 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.50 520.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.35 520.37 Td (\(2.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 520.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 520.37 Td (\(2.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 520.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 505.37 Td (Market performance and other ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 182.11 510.13 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.60 505.37 Td (29.4) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 452.50 505.27 Td (16.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 505.37 Td (45.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 490.37 Td (Impact of foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.85 490.37 Td (2.7) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 457.50 490.27 Td (2.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 490.37 Td (5.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 475.37 Td (Acquisitions \(dispositions\), net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.50 475.37 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.15 475.27 Td (\(0.2) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 470.00 475.27 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 475.37 Td (\(0.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 475.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 460.37 Td (March 31, 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.35 460.37 Td (333.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.35 460.37 Td (420.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 460.37 Td (754.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 445.37 Td (Net client cash flows:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 430.37 Td (Long-term flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.35 430.37 Td (\(5.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.00 430.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.35 430.37 Td (\(5.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 430.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 430.37 Td (\(10.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 430.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 415.37 Td (Liquidity flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.50 415.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.85 415.37 Td (2.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 415.37 Td (2.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 400.37 Td (T) Tj ET Q
q 0 0 0 rg BT 57.55 400.37 Td (otal net client cash flows) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.35 400.37 Td (\(5.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.00 400.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.35 400.37 Td (\(2.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 400.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 400.37 Td (\(8.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 400.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 385.37 Td (Realizations) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 103.40 390.13 Td ( \(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.50 385.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.35 385.37 Td (\(1.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 385.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 385.37 Td (\(1.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 385.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 370.37 Td (Market performance and other ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 182.11 375.13 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.60 370.37 Td (14.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.85 370.37 Td (7.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 370.37 Td (21.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 355.37 Td (Impact of foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.35 355.37 Td (\(3.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.00 355.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.35 355.37 Td (\(5.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 355.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 355.37 Td (\(8.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 355.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 340.37 Td (March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.35 340.37 Td (339.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.35 340.37 Td (418.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 340.37 Td (758.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 325.37 Td (Net client cash flows:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 310.37 Td (Long-term flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.85 310.37 Td (2.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.10 310.37 Td (\(15.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 310.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 310.37 Td (\(12.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 310.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 295.37 Td (Liquidity flows, net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.50 295.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.85 295.37 Td (6.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 295.37 Td (6.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 280.37 Td (T) Tj ET Q
q 0 0 0 rg BT 57.55 280.37 Td (otal net client cash flows) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.85 280.37 Td (2.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.35 280.37 Td (\(8.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 280.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 280.37 Td (\(6.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 280.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 265.37 Td (Realizations) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 103.40 270.13 Td ( \(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.50 265.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.35 265.37 Td (\(1.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 265.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 265.37 Td (\(1.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 265.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 250.37 Td (Market performance and other ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 182.11 255.13 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 363.10 250.37 Td (\(21.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.00 250.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.85 250.37 Td (8.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 250.37 Td (\(12.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 250.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 235.37 Td (Impact of foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.35 235.37 Td (\(2.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.00 235.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.35 235.37 Td (\(4.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.00 235.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.35 235.37 Td (\(7.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 235.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 220.37 Td (Acquisition) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.50 220.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.85 220.37 Td (0.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.85 220.37 Td (0.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.50 205.39 Td (Mar) Tj ET Q
q 0 0 0 rg BT 71.13 205.39 Td (ch 31, 2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 318.50 205.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 361.35 205.39 Td (317.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 403.50 205.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 446.35 205.39 Td (412.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 490.50 205.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 534.35 205.39 Td (730.8) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 191.50 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 60.83 191.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 67.50 191.50 Td (Realizations ) Tj ET Q
q 0 0 0 rg BT 109.03 191.50 Td (represent ) Tj ET Q
q 0 0 0 rg BT 140.34 191.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 177.43 191.50 Td (manager) Tj ET Q
q 0 0 0 rg BT 204.81 191.50 Td (-driven ) Tj ET Q
q 0 0 0 rg BT 229.90 191.50 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 271.89 191.50 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 303.65 191.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 327.40 191.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 335.61 191.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.37 191.50 Td (sale ) Tj ET Q
q 0 0 0 rg BT 361.80 191.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.45 191.50 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 393.10 191.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 395.09 191.50 Td (Realizations ) Tj ET Q
q 0 0 0 rg BT 436.62 191.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 448.38 191.50 Td (specific ) Tj ET Q
q 0 0 0 rg BT 475.24 191.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 483.45 191.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 496.10 191.50 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 531.85 191.50 Td (managers ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 181.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 81.05 181.90 Td (do ) Tj ET Q
q 0 0 0 rg BT 91.05 181.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 103.27 181.90 Td (include ) Tj ET Q
q 0 0 0 rg BT 128.82 181.90 Td (client-driven ) Tj ET Q
q 0 0 0 rg BT 171.69 181.90 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 213.70 181.90 Td (\(e.g. ) Tj ET Q
q 0 0 0 rg BT 229.91 181.90 Td (client ) Tj ET Q
q 0 0 0 rg BT 249.68 181.90 Td (requested ) Tj ET Q
q 0 0 0 rg BT 282.33 181.90 Td (redemptions, ) Tj ET Q
q 0 0 0 rg BT 325.88 181.90 Td (liquidations ) Tj ET Q
q 0 0 0 rg BT 365.66 181.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 374.32 181.90 Td (asset ) Tj ET Q
q 0 0 0 rg BT 391.87 181.90 Td (transfers\). ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 172.30 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 60.83 172.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 67.50 172.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 80.70 172.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.57 172.30 Td (years ) Tj ET Q
q 0 0 0 rg BT 111.54 172.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 132.73 172.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 155.70 172.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 167.79 172.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 185.88 172.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.52 172.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 219.61 172.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 238.13 172.30 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 269.99 172.30 Td (includes ) Tj ET Q
q 0 0 0 rg BT 298.74 172.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.61 172.30 Td (reinvestment ) Tj ET Q
q 0 0 0 rg BT 354.02 172.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 362.77 172.30 Td (dividends. ) Tj ET Q
q 0 0 0 rg BT 397.97 172.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 400.06 172.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 413.26 172.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 425.13 172.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 440.98 172.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 462.17 172.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 485.14 172.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 497.23 172.30 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 517.32 172.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 535.85 172.30 Td (includes ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 162.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.17 162.70 Td (reclassification, ) Tj ET Q
q 0 0 0 rg BT 131.50 162.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 137.57 162.70 Td (fective ) Tj ET Q
q 0 0 0 rg BT 160.81 162.70 Td (April ) Tj ET Q
q 0 0 0 rg BT 179.60 162.70 Td (1, ) Tj ET Q
q 0 0 0 rg BT 187.50 162.70 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 207.40 162.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 215.97 162.70 Td ($16.0 ) Tj ET Q
q 0 0 0 rg BT 235.87 162.70 Td (billion ) Tj ET Q
q 0 0 0 rg BT 258.66 162.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.23 162.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 290.89 162.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 311.46 162.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 332.91 162.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 350.35 162.70 Td (previously ) Tj ET Q
q 0 0 0 rg BT 386.03 162.70 Td (included ) Tj ET Q
q 0 0 0 rg BT 415.48 162.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 423.18 162.70 Td (AUA) Tj ET Q
q 0 0 0 rg BT 440.07 162.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 441.97 162.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 449.68 162.70 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 470.25 162.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 483.70 162.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 491.82 162.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 497.27 162.70 Td (change ) Tj ET Q
q 0 0 0 rg BT 521.83 162.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 529.95 162.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 542.52 162.70 Td (policy ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 153.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 77.22 153.10 Td (classification ) Tj ET Q
q 0 0 0 rg BT 121.15 153.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 129.15 153.10 Td (AUA) Tj ET Q
q 0 0 0 rg BT 146.04 153.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 147.76 153.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 160.65 153.10 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 183.04 153.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 184.76 153.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 197.59 153.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.09 153.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 224.57 153.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 245.39 153.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 267.99 153.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 279.71 153.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 299.43 153.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 317.59 153.10 Td (also ) Tj ET Q
q 0 0 0 rg BT 332.19 153.10 Td (includes ) Tj ET Q
q 0 0 0 rg BT 360.57 153.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 372.07 153.10 Td (reinvestment ) Tj ET Q
q 0 0 0 rg BT 415.11 153.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 423.49 153.10 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 456.32 153.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 469.59 153.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 474.86 153.10 Td ($\(3.7\) ) Tj ET Q
q 0 0 0 rg BT 495.91 153.10 Td (billion ) Tj ET Q
q 0 0 0 rg BT 518.52 153.10 Td (reconciliation ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 143.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 75.72 143.50 Td (previously ) Tj ET Q
q 0 0 0 rg BT 111.50 143.50 Td (reported ) Tj ET Q
q 0 0 0 rg BT 140.15 143.50 Td (amounts.) Tj ET Q
endstream
endobj
97 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 98 0 R>>
endobj
98 0 obj
<</Length 36390>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (46) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Operating Revenue ) Tj ET Q
q 0 0 0 rg BT 135.64 741.90 Td (Y) Tj ET Q
q 0 0 0 rg BT 141.48 741.90 Td (ield) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 729.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.68 729.30 Td (calculate ) Tj ET Q
q 0 0 0 rg BT 105.44 729.30 Td (operating ) Tj ET Q
q 0 0 0 rg BT 147.55 729.30 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 183.23 729.30 Td (yields ) Tj ET Q
q 0 0 0 rg BT 210.76 729.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 221.96 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 237.24 729.30 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 258.93 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 270.13 729.30 Td (total ) Tj ET Q
q 0 0 0 rg BT 291.25 729.30 Td (operating ) Tj ET Q
q 0 0 0 rg BT 333.35 729.30 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 375.75 729.30 Td (less ) Tj ET Q
q 0 0 0 rg BT 393.95 729.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 449.45 729.30 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 471.43 729.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 482.05 729.30 Td (average ) Tj ET Q
q 0 0 0 rg BT 516.60 729.30 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 546.18 729.30 Td (Our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (overall ) Tj ET Q
q 0 0 0 rg BT 80.94 716.70 Td (operating ) Tj ET Q
q 0 0 0 rg BT 122.88 716.70 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 158.40 716.70 Td (yield, ) Tj ET Q
q 0 0 0 rg BT 184.31 716.70 Td (less ) Tj ET Q
q 0 0 0 rg BT 202.35 716.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 257.68 716.70 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 279.50 716.70 Td (across ) Tj ET Q
q 0 0 0 rg BT 308.03 716.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 320.81 716.70 Td (asset ) Tj ET Q
q 0 0 0 rg BT 343.51 716.70 Td (classes ) Tj ET Q
q 0 0 0 rg BT 374.96 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 392.41 716.70 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 443.12 716.70 Td (channels ) Tj ET Q
q 0 0 0 rg BT 482.14 716.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 500.76 716.70 Td (36 ) Tj ET Q
q 0 0 0 rg BT 513.55 716.70 Td (basis ) Tj ET Q
q 0 0 0 rg BT 536.84 716.70 Td (points ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (\("bps"\), ) Tj ET Q
q 0 0 0 rg BT 84.86 704.10 Td (38 ) Tj ET Q
q 0 0 0 rg BT 97.95 704.10 Td (bps ) Tj ET Q
q 0 0 0 rg BT 115.12 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 132.87 704.10 Td (39 ) Tj ET Q
q 0 0 0 rg BT 145.95 704.10 Td (bps ) Tj ET Q
q 0 0 0 rg BT 163.12 704.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 177.95 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.37 704.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 218.10 704.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 245.76 704.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 275.75 704.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 291.46 704.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 317.67 704.10 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 341.26 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 359.00 704.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 385.21 704.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 435.26 704.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 440.47 704.10 Td (Our ) Tj ET Q
q 0 0 0 rg BT 459.39 704.10 Td (operating ) Tj ET Q
q 0 0 0 rg BT 501.62 704.10 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 537.44 704.10 Td (yields ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.63 691.50 Td (asset ) Tj ET Q
q 0 0 0 rg BT 85.66 691.50 Td (class ) Tj ET Q
q 0 0 0 rg BT 108.70 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 126.48 691.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 177.53 691.50 Td (channel ) Tj ET Q
q 0 0 0 rg BT 212.80 691.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 235.83 691.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 247.20 691.50 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
223.5 666 m
318.5 666 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
318.5 666 m
322.5 666 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
322.5 666 m
417.5 666 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
417.5 666 m
421.5 666 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
421.5 666 m
516.5 666 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
223.5 651 m
318.5 651 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
322.5 651 m
417.5 651 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
421.5 651 m
516.5 651 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 320.15 670.77 Td (Y) Tj ET Q
q 0 0 0 rg BT 327.21 670.77 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 260.00 655.79 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 359.00 655.77 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.00 655.77 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.00 640.77 Td (Asset Class:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.00 625.77 Td (Equity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.05 625.79 Td (57 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.60 625.77 Td (59 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 625.77 Td (63 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.00 610.77 Td (Fixed Income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.05 610.79 Td (26 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.60 610.77 Td (27 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 610.77 Td (27 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.00 595.77 Td (Alternative) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.05 595.79 Td (59 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.60 595.77 Td (61 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 595.77 Td (65 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.00 580.77 Td (Liquidity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.05 580.79 Td (14 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.60 580.77 Td (13 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 580.77 Td (13 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.00 565.77 Td (T) Tj ET Q
q 0 0 0 rg BT 103.05 565.77 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.05 565.79 Td (36 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.60 565.77 Td (38 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 565.77 Td (39 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.00 535.77 Td (Distribution Channel:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.00 520.77 Td (Global Distribution) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.05 520.79 Td (41 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.60 520.77 Td (42 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 520.77 Td (45 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.00 505.77 Td (Af) Tj ET Q
q 0 0 0 rg BT 107.89 505.77 Td (filiate/Other) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.05 505.79 Td (33 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.60 505.77 Td (34 bps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 505.77 Td (34 bps) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 476.30 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.59 476.30 Td (total ) Tj ET Q
q 0 0 0 rg BT 90.00 476.30 Td (operating ) Tj ET Q
q 0 0 0 rg BT 132.41 476.30 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 168.40 476.30 Td (yield ) Tj ET Q
q 0 0 0 rg BT 192.15 476.30 Td (decreased ) Tj ET Q
q 0 0 0 rg BT 236.29 476.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 257.70 476.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 273.29 476.30 Td (last ) Tj ET Q
q 0 0 0 rg BT 290.63 476.30 Td (two ) Tj ET Q
q 0 0 0 rg BT 309.13 476.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 334.63 476.30 Td (years ) Tj ET Q
q 0 0 0 rg BT 359.54 476.30 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 401.37 476.30 Td (due ) Tj ET Q
q 0 0 0 rg BT 419.28 476.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 430.21 476.30 Td (asset ) Tj ET Q
q 0 0 0 rg BT 453.37 476.30 Td (mix, ) Tj ET Q
q 0 0 0 rg BT 475.09 476.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.67 476.30 Td (shift ) Tj ET Q
q 0 0 0 rg BT 512.10 476.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 523.02 476.30 Td (lower ) Tj ET Q
q 0 0 0 rg BT 549.69 476.30 Td (fee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 463.70 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 85.93 463.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 103.11 463.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 127.29 463.70 Td (classes ) Tj ET Q
q 0 0 0 rg BT 158.48 463.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 175.66 463.70 Td (specific ) Tj ET Q
q 0 0 0 rg BT 210.34 463.70 Td (fee ) Tj ET Q
q 0 0 0 rg BT 225.18 463.70 Td (reductions. ) Tj ET Q
q 0 0 0 rg BT 273.57 463.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 275.45 463.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 293.80 463.70 Td (operating ) Tj ET Q
q 0 0 0 rg BT 335.48 463.70 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 370.73 463.70 Td (yield ) Tj ET Q
q 0 0 0 rg BT 393.75 463.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 408.02 463.70 Td (managing ) Tj ET Q
q 0 0 0 rg BT 451.46 463.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 479.73 463.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 506.25 463.70 Td (declined ) Tj ET Q
q 0 0 0 rg BT 543.84 463.70 Td (over ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.00 451.10 Td (last ) Tj ET Q
q 0 0 0 rg BT 82.25 451.10 Td (seven ) Tj ET Q
q 0 0 0 rg BT 108.83 451.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 133.65 451.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 151.48 451.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 166.40 451.10 Td (managing ) Tj ET Q
q 0 0 0 rg BT 210.47 451.10 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 257.45 451.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 284.62 451.10 Td (declined ) Tj ET Q
q 0 0 0 rg BT 322.86 451.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 344.18 451.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 359.68 451.10 Td (last ) Tj ET Q
q 0 0 0 rg BT 376.93 451.10 Td (five ) Tj ET Q
q 0 0 0 rg BT 395.93 451.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 420.75 451.10 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 462.50 451.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 480.33 451.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 491.16 451.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 498.49 451.10 Td (shift ) Tj ET Q
q 0 0 0 rg BT 519.83 451.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 530.67 451.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 546.17 451.10 Td (mix ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 438.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 438.50 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 90.62 438.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 113.66 438.50 Td (higher ) Tj ET Q
q 0 0 0 rg BT 143.10 438.50 Td (fee ) Tj ET Q
q 0 0 0 rg BT 158.55 438.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 169.34 438.50 Td (lower ) Tj ET Q
q 0 0 0 rg BT 195.87 438.50 Td (fee ) Tj ET Q
q 0 0 0 rg BT 211.32 438.50 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 248.34 438.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 266.13 438.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 290.91 438.50 Td (classes ) Tj ET Q
q 0 0 0 rg BT 322.69 438.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 340.48 438.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 363.51 438.50 Td (higher ) Tj ET Q
q 0 0 0 rg BT 392.96 438.50 Td (fee ) Tj ET Q
q 0 0 0 rg BT 408.41 438.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 419.20 438.50 Td (lower ) Tj ET Q
q 0 0 0 rg BT 445.73 438.50 Td (fee ) Tj ET Q
q 0 0 0 rg BT 461.17 438.50 Td (earning ) Tj ET Q
q 0 0 0 rg BT 495.29 438.50 Td (af) Tj ET Q
q 0 0 0 rg BT 503.25 438.50 Td (filiates.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 413.30 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 79.24 413.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 105.47 413.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 120.03 413.30 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 160.84 413.30 Td (managed ) Tj ET Q
q 0 0 0 rg BT 200.47 413.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 212.71 413.30 Td (ClearBridge, ) Tj ET Q
q 0 0 0 rg BT 268.39 413.30 Td (Royce, ) Tj ET Q
q 0 0 0 rg BT 299.57 413.30 Td (Brandywine, ) Tj ET Q
q 0 0 0 rg BT 355.26 413.30 Td (QS ) Tj ET Q
q 0 0 0 rg BT 370.42 413.30 Td (Investors, ) Tj ET Q
q 0 0 0 rg BT 413.27 413.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 430.17 413.30 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 460.49 413.30 Td (Currie; ) Tj ET Q
q 0 0 0 rg BT 491.97 413.30 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 538.01 413.30 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 400.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.70 400.70 Td (managed ) Tj ET Q
q 0 0 0 rg BT 104.98 400.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 117.86 400.70 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 151.74 400.70 Td (Partners, ) Tj ET Q
q 0 0 0 rg BT 191.15 400.70 Td (EnT) Tj ET Q
q 0 0 0 rg BT 208.86 400.70 Td (rust ) Tj ET Q
q 0 0 0 rg BT 226.99 400.70 Td (Global, ) Tj ET Q
q 0 0 0 rg BT 260.58 400.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 278.12 400.70 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 308.51 400.70 Td (Infrastructure; ) Tj ET Q
q 0 0 0 rg BT 370.94 400.70 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 394.90 400.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 428.18 400.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 455.06 400.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 470.26 400.70 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 511.72 400.70 Td (managed ) Tj ET Q
q 0 0 0 rg BT 552.00 400.70 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.10 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 388.10 Td (estern ) Tj ET Q
q 0 0 0 rg BT 85.29 388.10 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 110.74 388.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 128.01 388.10 Td (Brandywine; ) Tj ET Q
q 0 0 0 rg BT 184.37 388.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 201.64 388.10 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 239.35 388.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 265.96 388.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 280.89 388.10 Td (managed ) Tj ET Q
q 0 0 0 rg BT 320.91 388.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 333.37 388.10 Td (W) Tj ET Q
q 0 0 0 rg BT 342.44 388.10 Td (estern ) Tj ET Q
q 0 0 0 rg BT 369.16 388.10 Td (Asset. ) Tj ET Q
q 0 0 0 rg BT 397.23 388.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 398.88 388.10 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 428.42 388.10 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 475.44 388.10 Td (through ) Tj ET Q
q 0 0 0 rg BT 510.22 388.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.91 388.10 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 375.50 Td (Global ) Tj ET Q
q 0 0 0 rg BT 80.70 375.50 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 134.08 375.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 149.52 375.50 Td (predominately ) Tj ET Q
q 0 0 0 rg BT 212.80 375.50 Td (retail ) Tj ET Q
q 0 0 0 rg BT 236.99 375.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 247.79 375.50 Td (nature.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 350.30 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 99.96 350.30 Td (Performance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.71 325.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 74.00 325.10 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 120.38 325.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.75 325.10 Td (market ) Tj ET Q
q 0 0 0 rg BT 163.53 325.10 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 209.90 325.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 239.94 325.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 255.39 325.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 276.09 325.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 303.78 325.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 333.81 325.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 349.56 325.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 375.81 325.10 Td (see ) Tj ET Q
q 0 0 0 rg BT 391.84 325.10 Td ("Business ) Tj ET Q
q 0 0 0 rg BT 436.10 325.10 Td (Environment".) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 299.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 70.19 299.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 115.39 299.90 Td (table ) Tj ET Q
q 0 0 0 rg BT 140.17 299.90 Td (presents ) Tj ET Q
q 0 0 0 rg BT 178.95 299.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 187.98 299.90 Td (summary ) Tj ET Q
q 0 0 0 rg BT 231.42 299.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 244.54 299.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.73 299.90 Td (percentages ) Tj ET Q
q 0 0 0 rg BT 315.66 299.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 328.77 299.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 346.17 299.90 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 375.04 299.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 389.91 299.90 Td (strategy) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 423.15 304.66 Td (\(1\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 433.95 299.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 454.06 299.90 Td (outpaced ) Tj ET Q
q 0 0 0 rg BT 496.33 299.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 519.94 299.90 Td (respective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 287.30 Td (benchmarks ) Tj ET Q
q 0 0 0 rg BT 102.86 287.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 117.73 287.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.18 287.30 Td (trailing ) Tj ET Q
q 0 0 0 rg BT 166.13 287.30 Td (1-year) Tj ET Q
q 0 0 0 rg BT 192.52 287.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 197.77 287.30 Td (3-year) Tj ET Q
q 0 0 0 rg BT 224.17 287.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 229.42 287.30 Td (5-year) Tj ET Q
q 0 0 0 rg BT 255.81 287.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 261.06 287.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 278.85 287.30 Td (10-year ) Tj ET Q
q 0 0 0 rg BT 313.54 287.30 Td (periods: ) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
142 261.79999999999995 m
174 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
174 261.79999999999995 m
178 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178 261.79999999999995 m
210 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
210 261.79999999999995 m
214 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
214 261.79999999999995 m
246 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
246 261.79999999999995 m
250 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
250 261.79999999999995 m
282 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286 261.79999999999995 m
317 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
317 261.79999999999995 m
321 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 261.79999999999995 m
352 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 261.79999999999995 m
356 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
356 261.79999999999995 m
387 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387 261.79999999999995 m
391 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
391 261.79999999999995 m
422 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426 261.79999999999995 m
457 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457 261.79999999999995 m
461 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 261.79999999999995 m
492 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492 261.79999999999995 m
496 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 261.79999999999995 m
527 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
527 261.79999999999995 m
531 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531 261.79999999999995 m
562 261.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 247.79999999999995 m
138 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
142 247.79999999999995 m
174 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178 247.79999999999995 m
210 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
214 247.79999999999995 m
246 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
250 247.79999999999995 m
282 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286 247.79999999999995 m
317 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 247.79999999999995 m
352 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
356 247.79999999999995 m
387 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
391 247.79999999999995 m
422 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426 247.79999999999995 m
457 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 247.79999999999995 m
492 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 247.79999999999995 m
527 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531 247.79999999999995 m
562 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 247.79999999999995 m
138 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286 247.79999999999995 m
317 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 247.79999999999995 m
352 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
356 247.79999999999995 m
387 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
391 247.79999999999995 m
422 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426 247.79999999999995 m
457 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 247.79999999999995 m
492 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 247.79999999999995 m
527 247.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531 247.79999999999995 m
562 247.79999999999995 l
s
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 175.20 266.03 Td (As of Mar) Tj ET Q
q 0 0 0 rg BT 209.71 266.03 Td (ch 31, 2020) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 318.25 266.05 Td (As of March 31, 2019) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 458.25 266.05 Td (As of March 31, 2018) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 148.85 252.03 Td (1-year) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 184.85 252.03 Td (3-year) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 220.85 252.03 Td (5-year) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 252.85 252.03 Td (10-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 293.05 252.05 Td (1-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 328.05 252.05 Td (3-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 363.05 252.05 Td (5-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.05 252.05 Td (10-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 433.05 252.05 Td (1-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 468.05 252.05 Td (3-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 503.05 252.05 Td (5-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 534.05 252.05 Td (10-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 51.50 239.05 Td (T) Tj ET Q
q 0 0 0 rg BT 55.83 239.05 Td (otal \(includes liquidity\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 239.03 Td (33) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 239.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 239.03 Td (34) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 239.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 239.03 Td (71) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 239.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 239.03 Td (88) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 239.03 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 239.05 Td (57) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 239.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 239.05 Td (82) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 239.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 239.05 Td (79) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 239.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 239.05 Td (86) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 239.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 239.05 Td (77) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 239.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 239.05 Td (78) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 239.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 239.05 Td (80) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 239.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 239.05 Td (87) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 239.05 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 51.50 226.03 Td (Equity:) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 213.05 Td (Lar) Tj ET Q
q 0 0 0 rg BT 76.03 213.05 Td (ge cap) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 213.03 Td (21) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 213.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 213.03 Td (21) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 213.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 213.03 Td (56) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 213.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 213.03 Td (48) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 213.03 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 213.05 Td (57) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 213.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 213.05 Td (44) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 213.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 213.05 Td (38) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 213.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 213.05 Td (49) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 213.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 213.05 Td (22) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 213.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 213.05 Td (33) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 213.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 213.05 Td (43) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 213.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 213.05 Td (77) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 213.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 200.05 Td (Small ) Tj ET Q
q 0 0 0 rg BT 85.67 200.05 Td (cap) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 200.03 Td (77) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 200.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 200.03 Td (64) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 200.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 200.03 Td (69) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 200.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 200.03 Td (45) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 200.03 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 200.05 Td (56) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 200.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 200.05 Td (47) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 200.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 200.05 Td (38) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 200.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 200.05 Td (20) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 200.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 200.05 Td (67) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 200.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 200.05 Td (69) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 200.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 200.05 Td (29) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 200.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 200.05 Td (36) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 200.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 187.05 Td (T) Tj ET Q
q 0 0 0 rg BT 69.61 187.05 Td (otal equity) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 74.00 179.05 Td (\(includes other) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 74.00 171.05 Td (equity\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 171.03 Td (68) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 171.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 171.03 Td (58) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 171.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 171.03 Td (65) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 171.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 171.03 Td (64) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 171.03 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 171.05 Td (47) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 171.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 171.05 Td (45) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 171.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 171.05 Td (45) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 171.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 171.05 Td (35) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 171.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 171.05 Td (29) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 171.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 171.05 Td (43) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 171.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 171.05 Td (44) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 171.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 171.05 Td (73) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 171.05 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 51.50 158.03 Td (Fixed income:) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 145.05 Td (U.S. taxable) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 161.50 145.03 Td (6) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 145.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 197.50 145.03 Td (9) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 145.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 145.03 Td (90) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 145.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 145.03 Td (99) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 145.03 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 145.05 Td (63) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 145.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 332.80 145.05 Td (100) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 145.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 145.05 Td (95) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 145.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 145.05 Td (99) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 145.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 145.05 Td (98) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 145.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 145.05 Td (92) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 145.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 145.05 Td (92) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 145.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 145.05 Td (92) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 145.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 132.05 Td (U.S. tax-exempt) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 161.50 132.03 Td (0) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 132.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 197.50 132.03 Td (0) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 132.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 233.50 132.03 Td (0) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 132.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 261.50 132.03 Td (100) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 132.03 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 305.80 132.05 Td (0) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 132.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 332.80 132.05 Td (100) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 132.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 367.80 132.05 Td (100) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 132.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 402.80 132.05 Td (100) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 132.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 437.80 132.05 Td (100) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 132.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 472.80 132.05 Td (100) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 132.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 507.80 132.05 Td (100) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 132.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 542.80 132.05 Td (100) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 132.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 119.05 Td (Global taxable) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 119.03 Td (30) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 119.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 119.03 Td (33) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 119.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 119.03 Td (35) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 119.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 119.03 Td (98) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 119.03 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 119.05 Td (19) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 119.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 119.05 Td (92) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 119.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 119.05 Td (85) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 119.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 119.05 Td (98) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 119.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 119.05 Td (95) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 119.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 119.05 Td (89) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 119.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 119.05 Td (93) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 119.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 119.05 Td (99) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 119.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 106.05 Td (T) Tj ET Q
q 0 0 0 rg BT 69.33 106.05 Td (otal fixed income) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 106.03 Td (13) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 106.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 106.03 Td (15) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 106.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 106.03 Td (69) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 106.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 106.03 Td (99) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 106.03 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 106.05 Td (47) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 106.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 106.05 Td (97) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 106.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 106.05 Td (92) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 106.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 106.05 Td (99) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 106.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 106.05 Td (97) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 106.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 106.05 Td (91) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 106.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 106.05 Td (93) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 106.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 106.05 Td (94) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 106.05 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 51.50 93.03 Td (Alternative) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 93.03 Td (93) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 93.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 93.03 Td (93) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 93.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 93.03 Td (90) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 93.03 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 93.03 Td (99) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 93.03 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 93.05 Td (98) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 93.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 93.05 Td (83) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 93.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 93.05 Td (97) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 93.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 402.80 93.05 Td (100) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 93.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 93.05 Td (68) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 93.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 93.05 Td (65) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 93.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 93.05 Td (92) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 93.05 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 93.05 Td (61) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 93.05 Td (%) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
99 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 100 0 R>>
endobj
100 0 obj
<</Length 43691>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (47) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.33 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 113.66 741.75 Td (table ) Tj ET Q
q 0 0 0 rg BT 137.56 741.75 Td (presents ) Tj ET Q
q 0 0 0 rg BT 175.47 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 183.63 741.75 Td (summary ) Tj ET Q
q 0 0 0 rg BT 226.21 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 238.46 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.79 741.75 Td (percentages ) Tj ET Q
q 0 0 0 rg BT 307.84 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 320.09 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 337.59 741.75 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 359.76 741.75 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 392.42 741.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 415.17 741.75 Td (assets) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 439.67 746.51 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.63 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 451.13 741.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 470.37 741.75 Td (outpaced ) Tj ET Q
q 0 0 0 rg BT 511.77 741.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 534.52 741.75 Td (Lipper ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (category ) Tj ET Q
q 0 0 0 rg BT 88.27 729.15 Td (averages ) Tj ET Q
q 0 0 0 rg BT 127.62 729.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 142.49 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 157.94 729.15 Td (trailing ) Tj ET Q
q 0 0 0 rg BT 190.90 729.15 Td (1-year) Tj ET Q
q 0 0 0 rg BT 217.29 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 222.54 729.15 Td (3-year) Tj ET Q
q 0 0 0 rg BT 248.93 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 254.18 729.15 Td (5-year) Tj ET Q
q 0 0 0 rg BT 280.58 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 285.83 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 303.61 729.15 Td (10-year ) Tj ET Q
q 0 0 0 rg BT 338.30 729.15 Td (periods:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
142 703.65 m
174 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
174 703.65 m
178 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178 703.65 m
210 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
210 703.65 m
214 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
214 703.65 m
246 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
246 703.65 m
250 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
250 703.65 m
282 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286 703.65 m
317 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
317 703.65 m
321 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 703.65 m
352 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 703.65 m
356 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
356 703.65 m
387 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387 703.65 m
391 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
391 703.65 m
422 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426 703.65 m
457 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457 703.65 m
461 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 703.65 m
492 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492 703.65 m
496 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 703.65 m
527 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
527 703.65 m
531 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531 703.65 m
562 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 689.65 m
138 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
142 689.65 m
174 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178 689.65 m
210 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
214 689.65 m
246 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
250 689.65 m
282 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286 689.65 m
317 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 689.65 m
352 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
356 689.65 m
387 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
391 689.65 m
422 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426 689.65 m
457 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 689.65 m
492 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 689.65 m
527 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531 689.65 m
562 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 689.65 m
138 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286 689.65 m
317 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 689.65 m
352 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352 689.65 m
356 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387 689.65 m
391 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
391 689.65 m
422 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426 689.65 m
457 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 689.65 m
492 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492 689.65 m
496 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
527 689.65 m
531 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531 689.65 m
562 689.65 l
s
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 175.20 707.88 Td (As of Mar) Tj ET Q
q 0 0 0 rg BT 209.71 707.88 Td (ch 31, 2020) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 318.25 707.90 Td (As of March 31, 2019) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 458.25 707.90 Td (As of March 31, 2018) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 148.85 693.88 Td (1-year) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 184.85 693.88 Td (3-year) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 220.85 693.88 Td (5-year) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 252.85 693.88 Td (10-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 293.05 693.90 Td (1-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 328.05 693.90 Td (3-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 363.05 693.90 Td (5-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.05 693.90 Td (10-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 433.05 693.90 Td (1-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 468.05 693.90 Td (3-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 503.05 693.90 Td (5-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 534.05 693.90 Td (10-year) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 51.50 680.90 Td (T) Tj ET Q
q 0 0 0 rg BT 55.83 680.90 Td (otal \(excludes liquidity\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 680.88 Td (60) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 680.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 680.88 Td (61) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 680.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 680.88 Td (73) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 680.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 680.88 Td (71) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 680.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 680.90 Td (48) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 680.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 680.90 Td (63) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 680.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 680.90 Td (72) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 680.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 680.90 Td (61) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 680.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 680.90 Td (57) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 680.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 680.90 Td (64) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 680.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 680.90 Td (63) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 680.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 680.90 Td (57) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 680.90 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 51.50 667.88 Td (Equity:) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 654.90 Td (Lar) Tj ET Q
q 0 0 0 rg BT 76.03 654.90 Td (ge cap) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 654.88 Td (40) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 654.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 654.88 Td (41) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 654.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 654.88 Td (75) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 654.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 654.88 Td (70) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 654.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 654.90 Td (68) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 654.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 654.90 Td (51) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 654.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 654.90 Td (65) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 654.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 654.90 Td (33) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 654.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 654.90 Td (19) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 654.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 654.90 Td (48) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 654.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 654.90 Td (44) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 654.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 654.90 Td (35) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 654.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 641.90 Td (Small ) Tj ET Q
q 0 0 0 rg BT 85.67 641.90 Td (cap) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 641.88 Td (70) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 641.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 641.88 Td (65) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 641.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 641.88 Td (71) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 641.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 641.88 Td (50) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 641.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 641.90 Td (65) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 641.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 641.90 Td (80) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 641.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 641.90 Td (57) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 641.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 641.90 Td (49) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 641.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 641.90 Td (67) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 641.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 641.90 Td (79) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 641.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 641.90 Td (50) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 641.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 641.90 Td (43) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 641.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 628.90 Td (T) Tj ET Q
q 0 0 0 rg BT 69.61 628.90 Td (otal equity) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 74.00 620.90 Td (\(includes other) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 74.00 612.90 Td (equity\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 612.88 Td (47) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 612.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 612.88 Td (47) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 612.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 612.88 Td (72) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 612.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 612.88 Td (64) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 612.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 612.90 Td (67) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 612.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 612.90 Td (54) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 612.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 612.90 Td (63) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 612.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 612.90 Td (36) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 612.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 612.90 Td (32) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 612.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 612.90 Td (56) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 612.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 612.90 Td (48) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 612.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 612.90 Td (38) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 612.90 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 51.50 599.88 Td (Fixed income:) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 586.90 Td (U.S. taxable) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 586.88 Td (86) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 586.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 586.88 Td (88) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 586.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 586.88 Td (92) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 586.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 586.88 Td (91) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 586.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 586.90 Td (34) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 586.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 586.90 Td (93) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 586.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 586.90 Td (91) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 586.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 586.90 Td (92) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 586.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 586.90 Td (97) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 586.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 586.90 Td (90) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 586.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 586.90 Td (89) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 586.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 586.90 Td (86) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 586.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 573.90 Td (U.S. tax-exempt) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 573.88 Td (10) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 573.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 197.50 573.88 Td (6) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 573.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 233.50 573.88 Td (5) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 573.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 269.50 573.88 Td (4) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 573.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 305.80 573.90 Td (8) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 573.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 573.90 Td (25) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 573.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 573.90 Td (64) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 573.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 573.90 Td (55) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 573.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 573.90 Td (38) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 573.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 573.90 Td (19) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 573.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 573.90 Td (37) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 573.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 573.90 Td (59) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 573.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 560.90 Td (Global taxable) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 560.88 Td (45) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 560.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 560.88 Td (42) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 560.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 560.88 Td (38) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 560.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 560.88 Td (80) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 560.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 560.90 Td (29) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 560.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 560.90 Td (34) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 560.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 560.90 Td (56) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 560.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 560.90 Td (86) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 560.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 560.90 Td (72) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 560.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 560.90 Td (67) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 560.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 560.90 Td (81) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 560.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 560.90 Td (79) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 560.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 547.90 Td (T) Tj ET Q
q 0 0 0 rg BT 69.33 547.90 Td (otal fixed income) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 547.88 Td (70) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 547.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 193.50 547.88 Td (71) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 547.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 229.50 547.88 Td (73) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 237.50 547.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 265.50 547.88 Td (76) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 273.50 547.88 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 547.90 Td (29) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 547.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 336.80 547.90 Td (73) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 547.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 371.80 547.90 Td (81) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 547.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 406.80 547.90 Td (84) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 414.80 547.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 547.90 Td (82) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 547.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 476.80 547.90 Td (72) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 547.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 547.90 Td (77) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 547.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 546.80 547.90 Td (78) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 554.80 547.90 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 51.50 534.88 Td (Alternative \(includes) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 60.50 526.88 Td (only thr) Tj ET Q
q 0 0 0 rg BT 87.69 526.88 Td (ee funds\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 157.50 526.88 Td (58) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 165.50 526.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 189.50 526.88 Td (100) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 201.50 526.88 Td (%) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 231.80 526.88 Td (n/a) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 267.80 526.88 Td (n/a) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 301.80 526.90 Td (32) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 309.80 526.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 340.80 526.90 Td (0) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 344.80 526.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 375.80 526.90 Td (0) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 379.80 526.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.70 526.90 Td (n/a) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 441.80 526.90 Td (10) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 449.80 526.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 480.80 526.90 Td (0) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 484.80 526.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 511.80 526.90 Td (93) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 519.80 526.90 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 548.70 526.90 Td (n/a) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 513.55 Td (n/a ) Tj ET Q
q 0 0 0 rg BT 61.27 513.55 Td (- ) Tj ET Q
q 0 0 0 rg BT 65.94 513.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 78.16 513.55 Td (applicable) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 493.15 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 67.50 493.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 81.61 493.15 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 114.14 493.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 123.53 493.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 163.14 493.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 208.39 493.15 Td (comparisons, ) Tj ET Q
q 0 0 0 rg BT 255.79 493.15 Td (strategies ) Tj ET Q
q 0 0 0 rg BT 290.19 493.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 302.88 493.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 313.21 493.15 Td (aggregation ) Tj ET Q
q 0 0 0 rg BT 355.64 493.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.02 493.15 Td (portfolios ) Tj ET Q
q 0 0 0 rg BT 400.38 493.15 Td (\(separate ) Tj ET Q
q 0 0 0 rg BT 433.36 493.15 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 467.53 493.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 507.14 493.15 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 530.46 493.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 545.04 493.15 Td (other ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 482.95 Td (products\) ) Tj ET Q
q 0 0 0 rg BT 101.55 482.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 116.71 482.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 122.43 482.95 Td (single ) Tj ET Q
q 0 0 0 rg BT 144.67 482.95 Td (group ) Tj ET Q
q 0 0 0 rg BT 166.45 482.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 181.14 482.95 Td (represents ) Tj ET Q
q 0 0 0 rg BT 217.54 482.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 223.25 482.95 Td (particular ) Tj ET Q
q 0 0 0 rg BT 257.76 482.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 297.00 482.95 Td (objective. ) Tj ET Q
q 0 0 0 rg BT 332.23 482.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 334.17 482.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 336.11 482.95 Td (In ) Tj ET Q
q 0 0 0 rg BT 345.13 482.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.46 482.95 Td (case ) Tj ET Q
q 0 0 0 rg BT 374.03 482.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 383.05 482.95 Td (separate ) Tj ET Q
q 0 0 0 rg BT 412.84 482.95 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 446.64 482.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 458.97 482.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 498.21 482.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 543.10 482.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 552.13 482.95 Td (the ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 472.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 96.37 472.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 104.48 472.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 126.27 472.75 Td (upon ) Tj ET Q
q 0 0 0 rg BT 145.71 472.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.53 472.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 203.92 472.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 213.43 472.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 226.26 472.75 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 255.60 472.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 264.65 472.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 287.87 472.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 300.69 472.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 329.56 472.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 343.33 472.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 361.81 472.75 Td (assigned. ) Tj ET Q
q 0 0 0 rg BT 395.65 472.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 398.09 472.75 Td (Each ) Tj ET Q
q 0 0 0 rg BT 417.52 472.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.03 472.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 440.80 472.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 459.77 472.75 Td (managers ) Tj ET Q
q 0 0 0 rg BT 494.77 472.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 508.54 472.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 519.01 472.75 Td (own ) Tj ET Q
q 0 0 0 rg BT 536.09 472.75 Td (specific ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 462.55 Td (guidelines ) Tj ET Q
q 0 0 0 rg BT 104.61 462.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 116.69 462.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 150.97 462.55 Td (portfolios ) Tj ET Q
q 0 0 0 rg BT 186.20 462.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 194.98 462.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 212.73 462.55 Td (strategies. ) Tj ET Q
q 0 0 0 rg BT 249.13 462.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 263.11 462.55 Td (those ) Tj ET Q
q 0 0 0 rg BT 283.23 462.55 Td (managers ) Tj ET Q
q 0 0 0 rg BT 317.97 462.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 340.91 462.55 Td (manage ) Tj ET Q
q 0 0 0 rg BT 369.52 462.55 Td (both ) Tj ET Q
q 0 0 0 rg BT 386.80 462.55 Td (separate ) Tj ET Q
q 0 0 0 rg BT 416.81 462.55 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 448.72 462.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 463.17 462.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 502.64 462.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 523.70 462.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 532.49 462.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 545.04 462.55 Td (same ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 452.35 Td (strategy) Tj ET Q
q 0 0 0 rg BT 93.86 452.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 98.11 452.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 110.62 452.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 155.69 452.35 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 197.47 452.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 209.51 452.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 220.13 452.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 229.33 452.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 241.84 452.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 263.80 452.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 271.59 452.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 293.07 452.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 312.20 452.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.71 452.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 369.78 452.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.98 452.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.49 452.35 Td (separate ) Tj ET Q
q 0 0 0 rg BT 421.46 452.35 Td (account.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 431.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 79.43 431.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 89.00 431.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 113.67 431.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 126.79 431.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 148.40 431.95 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 167.89 431.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 182.65 431.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 204.26 431.95 Td (88%, ) Tj ET Q
q 0 0 0 rg BT 224.45 431.95 Td (88% ) Tj ET Q
q 0 0 0 rg BT 242.52 431.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.28 431.95 Td (87%, ) Tj ET Q
q 0 0 0 rg BT 277.47 431.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 317.99 431.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 322.60 431.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.17 431.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 349.21 431.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 371.54 431.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 379.69 431.95 Td (included ) Tj ET Q
q 0 0 0 rg BT 411.45 431.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 420.55 431.95 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 449.40 431.95 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 473.84 431.95 Td (although ) Tj ET Q
q 0 0 0 rg BT 506.08 431.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 519.43 431.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 530.41 431.95 Td (strategies ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 421.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 85.16 421.75 Td (3, ) Tj ET Q
q 0 0 0 rg BT 93.15 421.75 Td (5, ) Tj ET Q
q 0 0 0 rg BT 101.14 421.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 115.02 421.75 Td (10-year ) Tj ET Q
q 0 0 0 rg BT 142.59 421.75 Td (histories.� ) Tj ET Q
q 0 0 0 rg BT 177.14 421.75 Td (T) Tj ET Q
q 0 0 0 rg BT 181.74 421.75 Td (otal ) Tj ET Q
q 0 0 0 rg BT 196.10 421.75 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 224.27 421.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 245.72 421.75 Td (includes ) Tj ET Q
q 0 0 0 rg BT 275.66 421.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 306.08 421.75 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 329.65 421.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 331.26 421.75 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 357.90 421.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 379.34 421.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 391.33 421.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 403.81 421.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 434.69 421.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 442.92 421.75 Td (reported ) Tj ET Q
q 0 0 0 rg BT 472.85 421.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 517.41 421.75 Td (comparisons. ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 411.55 Td (These ) Tj ET Q
q 0 0 0 rg BT 90.41 411.55 Td (include ) Tj ET Q
q 0 0 0 rg BT 118.04 411.55 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 150.39 411.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 165.74 411.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 178.73 411.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 192.20 411.55 Td (managed ) Tj ET Q
q 0 0 0 rg BT 225.50 411.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 234.72 411.55 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 275.55 411.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 293.27 411.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 306.27 411.55 Td (guidelines ) Tj ET Q
q 0 0 0 rg BT 343.82 411.55 Td (outlined ) Tj ET Q
q 0 0 0 rg BT 374.29 411.55 Td (above; ) Tj ET Q
q 0 0 0 rg BT 399.55 411.55 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 431.90 411.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 441.13 411.55 Td (strategies ) Tj ET Q
q 0 0 0 rg BT 475.84 411.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 489.31 411.55 Td (marketed ) Tj ET Q
q 0 0 0 rg BT 523.55 411.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 532.77 411.55 Td (potential ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 401.35 Td (clients; ) Tj ET Q
q 0 0 0 rg BT 94.18 401.35 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 126.04 401.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 140.91 401.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 159.08 401.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 172.07 401.35 Td (yet ) Tj ET Q
q 0 0 0 rg BT 184.58 401.35 Td (been ) Tj ET Q
q 0 0 0 rg BT 202.75 401.35 Td (assigned ) Tj ET Q
q 0 0 0 rg BT 234.15 401.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 242.89 401.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 248.78 401.35 Td (strategy; ) Tj ET Q
q 0 0 0 rg BT 280.18 401.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 294.58 401.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 319.82 401.35 Td (smaller ) Tj ET Q
q 0 0 0 rg BT 346.97 401.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 378.37 401.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 386.63 401.35 Td (some ) Tj ET Q
q 0 0 0 rg BT 406.70 401.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 415.90 401.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 429.36 401.35 Td (af) Tj ET Q
q 0 0 0 rg BT 435.81 401.35 Td (filiates.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 380.95 Td (Past ) Tj ET Q
q 0 0 0 rg BT 83.74 380.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 128.75 380.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 136.49 380.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 149.42 380.95 Td (indicative ) Tj ET Q
q 0 0 0 rg BT 185.00 380.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 194.15 380.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 216.52 380.95 Td (results. ) Tj ET Q
q 0 0 0 rg BT 242.90 380.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 244.97 380.95 Td (For ) Tj ET Q
q 0 0 0 rg BT 258.39 380.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 280.29 380.95 Td (included ) Tj ET Q
q 0 0 0 rg BT 311.63 380.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 320.31 380.95 Td (institutional ) Tj ET Q
q 0 0 0 rg BT 362.99 380.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.33 380.95 Td (retail ) Tj ET Q
q 0 0 0 rg BT 396.86 380.95 Td (separate ) Tj ET Q
q 0 0 0 rg BT 426.77 380.95 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 458.58 380.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 472.92 380.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 512.29 380.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 533.25 380.95 Td (included ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 370.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 76.56 370.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 89.40 370.75 Td (same ) Tj ET Q
q 0 0 0 rg BT 109.31 370.75 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 138.67 370.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 148.21 370.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 178.50 370.75 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 212.81 370.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 258.21 370.75 Td (comparisons ) Tj ET Q
q 0 0 0 rg BT 303.63 370.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 316.45 370.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 338.26 370.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 349.21 370.75 Td (gross-of-fee ) Tj ET Q
q 0 0 0 rg BT 392.72 370.75 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 440.24 370.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 454.50 370.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 494.26 370.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 515.59 370.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 538.82 370.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 551.65 370.75 Td (not ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 360.55 Td (managed ) Tj ET Q
q 0 0 0 rg BT 99.89 360.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 108.21 360.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 113.69 360.55 Td (separate ) Tj ET Q
q 0 0 0 rg BT 143.24 360.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 171.37 360.55 Td (format, ) Tj ET Q
q 0 0 0 rg BT 197.86 360.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 242.52 360.55 Td (comparisons ) Tj ET Q
q 0 0 0 rg BT 287.19 360.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 299.27 360.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 320.33 360.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 330.54 360.55 Td (net-of-fee ) Tj ET Q
q 0 0 0 rg BT 365.75 360.55 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 412.53 360.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 414.23 360.55 Td (Funds-of-hedge ) Tj ET Q
q 0 0 0 rg BT 469.77 360.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 490.36 360.55 Td (generally ) Tj ET Q
q 0 0 0 rg BT 523.69 360.55 Td (do ) Tj ET Q
q 0 0 0 rg BT 533.90 360.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 546.47 360.55 Td (have ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 350.35 Td (specified ) Tj ET Q
q 0 0 0 rg BT 100.00 350.35 Td (benchmarks. ) Tj ET Q
q 0 0 0 rg BT 145.01 350.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 146.83 350.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 160.45 350.35 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 192.49 350.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 201.39 350.35 Td (this ) Tj ET Q
q 0 0 0 rg BT 215.48 350.35 Td (comparison, ) Tj ET Q
q 0 0 0 rg BT 259.08 350.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 303.85 350.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 312.74 350.35 Td (those ) Tj ET Q
q 0 0 0 rg BT 332.50 350.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 363.59 350.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 371.08 350.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 383.28 350.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 392.18 350.35 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 409.81 350.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 423.90 350.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 431.38 350.35 Td (compared ) Tj ET Q
q 0 0 0 rg BT 466.71 350.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 475.14 350.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.34 350.35 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 516.53 350.35 Td (HFRX ) Tj ET Q
q 0 0 0 rg BT 541.02 350.35 Td (Index. ) Tj ET Q
q 0 0 0 rg BT 564.63 350.35 Td ( ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 340.15 Td (These ) Tj ET Q
q 0 0 0 rg BT 90.54 340.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 136.23 340.15 Td (comparisons ) Tj ET Q
q 0 0 0 rg BT 181.94 340.15 Td (do ) Tj ET Q
q 0 0 0 rg BT 193.19 340.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 206.80 340.15 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 231.25 340.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 244.38 340.15 Td (actual ) Tj ET Q
q 0 0 0 rg BT 267.42 340.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 313.11 340.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.93 340.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 337.95 340.15 Td (specific ) Tj ET Q
q 0 0 0 rg BT 367.13 340.15 Td (separate ) Tj ET Q
q 0 0 0 rg BT 397.72 340.15 Td (account ) Tj ET Q
q 0 0 0 rg BT 426.89 340.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 436.72 340.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 476.77 340.15 Td (fund; ) Tj ET Q
q 0 0 0 rg BT 497.45 340.15 Td (individual ) Tj ET Q
q 0 0 0 rg BT 534.67 340.15 Td (separate ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 329.95 Td (account ) Tj ET Q
q 0 0 0 rg BT 96.06 329.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 110.45 329.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 149.88 329.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 167.59 329.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 212.66 329.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 229.42 329.95 Td (dif) Tj ET Q
q 0 0 0 rg BT 238.70 329.95 Td (fer) Tj ET Q
q 0 0 0 rg BT 247.67 329.95 Td (.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 309.55 Td (Ef) Tj ET Q
q 0 0 0 rg BT 75.37 309.55 Td (fective ) Tj ET Q
q 0 0 0 rg BT 100.63 309.55 Td (July ) Tj ET Q
q 0 0 0 rg BT 116.94 309.55 Td (1, ) Tj ET Q
q 0 0 0 rg BT 125.45 309.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 146.71 309.55 Td (comparative ) Tj ET Q
q 0 0 0 rg BT 190.86 309.55 Td (benchmarks ) Tj ET Q
q 0 0 0 rg BT 234.07 309.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 246.11 309.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 271.38 309.55 Td (strategies ) Tj ET Q
q 0 0 0 rg BT 305.61 309.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 324.27 309.55 Td (added ) Tj ET Q
q 0 0 0 rg BT 346.70 309.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 355.45 309.55 Td (measure ) Tj ET Q
q 0 0 0 rg BT 385.91 309.55 Td (relative ) Tj ET Q
q 0 0 0 rg BT 413.53 309.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 458.61 309.55 Td (where ) Tj ET Q
q 0 0 0 rg BT 481.52 309.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 487.43 309.55 Td (stated ) Tj ET Q
q 0 0 0 rg BT 509.39 309.55 Td (benchmark ) Tj ET Q
q 0 0 0 rg BT 549.29 309.55 Td (was ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 299.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 81.77 299.35 Td (previously ) Tj ET Q
q 0 0 0 rg BT 121.07 299.35 Td (provided.� ) Tj ET Q
q 0 0 0 rg BT 158.95 299.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 174.17 299.35 Td (comparative ) Tj ET Q
q 0 0 0 rg BT 219.58 299.35 Td (purposes, ) Tj ET Q
q 0 0 0 rg BT 255.34 299.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 275.27 299.35 Td (periods ) Tj ET Q
q 0 0 0 rg BT 303.71 299.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 323.17 299.35 Td (been ) Tj ET Q
q 0 0 0 rg BT 342.62 299.35 Td (updated ) Tj ET Q
q 0 0 0 rg BT 372.94 299.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 382.96 299.35 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 408.08 299.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 421.88 299.35 Td (relative ) Tj ET Q
q 0 0 0 rg BT 450.77 299.35 Td (returns ) Tj ET Q
q 0 0 0 rg BT 477.79 299.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 499.62 299.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 520.49 299.35 Td (comparative ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 289.15 Td (benchmarks, ) Tj ET Q
q 0 0 0 rg BT 112.82 289.15 Td (where ) Tj ET Q
q 0 0 0 rg BT 135.71 289.15 Td (applicable.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 268.75 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 67.50 268.75 Td (Source: ) Tj ET Q
q 0 0 0 rg BT 95.65 268.75 Td (Lipper�Inc. ) Tj ET Q
q 0 0 0 rg BT 135.60 268.75 Td (includes ) Tj ET Q
q 0 0 0 rg BT 166.11 268.75 Td (open-end, ) Tj ET Q
q 0 0 0 rg BT 202.05 268.75 Td (closed-end, ) Tj ET Q
q 0 0 0 rg BT 243.18 268.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.64 268.75 Td (variable ) Tj ET Q
q 0 0 0 rg BT 287.20 268.75 Td (annuity ) Tj ET Q
q 0 0 0 rg BT 314.88 268.75 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 338.08 268.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 340.27 268.75 Td (Ef) Tj ET Q
q 0 0 0 rg BT 348.14 268.75 Td (fective ) Tj ET Q
q 0 0 0 rg BT 372.96 268.75 Td (April ) Tj ET Q
q 0 0 0 rg BT 393.09 268.75 Td (1, ) Tj ET Q
q 0 0 0 rg BT 401.65 268.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 422.96 268.75 Td (Lipper ) Tj ET Q
q 0 0 0 rg BT 447.81 268.75 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 487.76 268.75 Td (Management ) Tj ET Q
q 0 0 0 rg BT 534.32 268.75 Td (\("LIM"\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 258.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 75.15 258.55 Td (being ) Tj ET Q
q 0 0 0 rg BT 96.01 258.55 Td (used ) Tj ET Q
q 0 0 0 rg BT 113.57 258.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 125.46 258.55 Td (comparative ) Tj ET Q
q 0 0 0 rg BT 169.44 258.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 214.37 258.55 Td (reporting, ) Tj ET Q
q 0 0 0 rg BT 249.63 258.55 Td (replacing ) Tj ET Q
q 0 0 0 rg BT 283.23 258.55 Td (Lipper ) Tj ET Q
q 0 0 0 rg BT 307.43 258.55 Td (Analytical ) Tj ET Q
q 0 0 0 rg BT 344.81 258.55 Td (New ) Tj ET Q
q 0 0 0 rg BT 362.40 258.55 Td (Applications ) Tj ET Q
q 0 0 0 rg BT 407.82 258.55 Td (\("LANA"\) ) Tj ET Q
q 0 0 0 rg BT 446.00 258.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 468.75 258.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 483.95 258.55 Td (discontinued ) Tj ET Q
q 0 0 0 rg BT 529.37 258.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 539.85 258.55 Td (Lipper ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 248.35 Td (Inc, ) Tj ET Q
q 0 0 0 rg BT 82.79 248.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 105.88 248.35 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 135.10 248.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 144.03 248.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 173.72 248.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 182.65 248.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.35 248.35 Td (composition ) Tj ET Q
q 0 0 0 rg BT 239.69 248.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 249.09 248.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.79 248.35 Td (comparative ) Tj ET Q
q 0 0 0 rg BT 306.11 248.35 Td (categories. ) Tj ET Q
q 0 0 0 rg BT 345.01 248.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 359.13 248.35 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 401.10 248.35 Td (purposes, ) Tj ET Q
q 0 0 0 rg BT 435.76 248.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 454.60 248.35 Td (periods ) Tj ET Q
q 0 0 0 rg BT 481.94 248.35 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 505.96 248.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 518.66 248.35 Td (categories ) Tj ET Q
q 0 0 0 rg BT 555.42 248.35 Td (as ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 238.15 Td (reported ) Tj ET Q
q 0 0 0 rg BT 98.09 238.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 106.98 238.15 Td (LIM. ) Tj ET Q
q 0 0 0 rg BT 126.80 238.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 142.29 238.15 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 159.68 238.15 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 195.47 238.15 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 221.35 238.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 239.21 238.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 261.31 238.15 Td (represented ) Tj ET Q
q 0 0 0 rg BT 302.76 238.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 311.65 238.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.31 238.15 Td (data ) Tj ET Q
q 0 0 0 rg BT 340.74 238.15 Td (accounted ) Tj ET Q
q 0 0 0 rg BT 377.47 238.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 389.65 238.15 Td (18% ) Tj ET Q
q 0 0 0 rg BT 407.51 238.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 416.86 238.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 430.47 238.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 447.35 238.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 469.46 238.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 478.81 238.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.17 238.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 506.01 238.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 530.47 238.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 543.37 238.15 Td (2020, ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 227.95 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 86.63 227.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.02 227.95 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 122.12 227.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 137.46 227.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 182.53 227.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 191.74 227.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 205.19 227.95 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 222.43 227.95 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 258.08 227.95 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 283.81 227.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 301.52 227.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 323.47 227.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 331.27 227.95 Td (included ) Tj ET Q
q 0 0 0 rg BT 362.66 227.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 371.40 227.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.91 227.95 Td (strategies.) Tj ET Q
endstream
endobj
101 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 102 0 R>>
endobj
102 0 obj
<</Length 37040>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (48) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (RESUL) Tj ET Q
q 0 0 0 rg BT 83.55 741.90 Td (TS OF) Tj ET Q
q 0 0 0 rg BT 113.21 741.90 Td ( OPERA) Tj ET Q
q 0 0 0 rg BT 151.81 741.90 Td (TIONS) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.25 729.30 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 109.47 729.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 130.15 729.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 168.89 729.30 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 216.96 729.30 Td (standards ) Tj ET Q
q 0 0 0 rg BT 258.63 729.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 271.14 729.30 Td (consolidation, ) Tj ET Q
q 0 0 0 rg BT 332.35 729.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 346.60 729.30 Td (consolidate ) Tj ET Q
q 0 0 0 rg BT 396.43 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 413.60 729.30 Td (separately ) Tj ET Q
q 0 0 0 rg BT 458.17 729.30 Td (identify ) Tj ET Q
q 0 0 0 rg BT 492.84 729.30 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 530.43 729.30 Td (relating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.81 716.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 92.51 716.70 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 138.23 716.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 187.45 716.70 Td (products. ) Tj ET Q
q 0 0 0 rg BT 229.38 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.29 716.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 251.75 716.70 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 311.47 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.36 716.70 Td (these ) Tj ET Q
q 0 0 0 rg BT 348.07 716.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 397.29 716.70 Td (products ) Tj ET Q
q 0 0 0 rg BT 436.59 716.70 Td (has ) Tj ET Q
q 0 0 0 rg BT 453.73 716.70 Td (no ) Tj ET Q
q 0 0 0 rg BT 467.37 716.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 499.08 716.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 512.72 716.70 Td (Net ) Tj ET Q
q 0 0 0 rg BT 531.03 716.70 Td (Income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 78.39 704.10 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 131.78 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 142.60 704.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 166.82 704.10 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 219.33 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 237.14 704.10 Td (does ) Tj ET Q
q 0 0 0 rg BT 259.04 704.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 275.10 704.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 297.57 704.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 304.88 704.10 Td (material ) Tj ET Q
q 0 0 0 rg BT 341.93 704.10 Td (impact ) Tj ET Q
q 0 0 0 rg BT 373.15 704.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 386.29 704.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 402.94 704.10 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 458.66 704.10 Td (operating ) Tj ET Q
q 0 0 0 rg BT 500.96 704.10 Td (results. ) Tj ET Q
q 0 0 0 rg BT 533.65 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 536.10 704.10 Td (T) Tj ET Q
q 0 0 0 rg BT 541.78 704.10 Td (o ) Tj ET Q
q 0 0 0 rg BT 549.68 704.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (extent ) Tj ET Q
q 0 0 0 rg BT 78.34 691.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 93.76 691.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 116.76 691.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 129.86 691.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 179.12 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 190.46 691.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 198.31 691.50 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 254.56 691.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 303.82 691.50 Td (product, ) Tj ET Q
q 0 0 0 rg BT 341.70 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.71 691.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 389.45 691.50 Td (gains ) Tj ET Q
q 0 0 0 rg BT 414.80 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 433.14 691.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 461.41 691.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 480.92 691.50 Td (impact ) Tj ET Q
q 0 0 0 rg BT 512.68 691.50 Td (Net ) Tj ET Q
q 0 0 0 rg BT 531.02 691.50 Td (Income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 78.48 678.90 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 131.98 678.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 142.90 678.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 167.24 678.90 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 201.20 678.90 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 219.99 678.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 222.75 678.90 Td (See ) Tj ET Q
q 0 0 0 rg BT 240.67 678.90 Td (Notes�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.79 678.90 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 273.04 678.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 275.80 678.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.72 678.90 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 304.22 678.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 306.98 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 318.48 678.90 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 345.74 678.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 356.67 678.90 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 414.84 678.90 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 456.67 678.90 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 505.51 678.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 520.51 678.90 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (information ) Tj ET Q
q 0 0 0 rg BT 101.70 666.30 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 144.56 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 160.01 666.30 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 219.21 666.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.58 666.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 279.29 666.30 Td (products.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 644.10 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 98.21 644.10 Td (Revenues) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 631.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.12 631.50 Td (components ) Tj ET Q
q 0 0 0 rg BT 121.15 631.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.02 631.50 Td (T) Tj ET Q
q 0 0 0 rg BT 137.70 631.50 Td (otal ) Tj ET Q
q 0 0 0 rg BT 155.74 631.50 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 200.01 631.50 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 243.13 631.50 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 257.08 631.50 Td (millions\), ) Tj ET Q
q 0 0 0 rg BT 299.92 631.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 317.37 631.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 332.49 631.50 Td (dollar ) Tj ET Q
q 0 0 0 rg BT 359.27 631.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 376.72 631.50 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 424.48 631.50 Td (changes ) Tj ET Q
q 0 0 0 rg BT 460.59 631.50 Td (between ) Tj ET Q
q 0 0 0 rg BT 497.86 631.50 Td (periods ) Tj ET Q
q 0 0 0 rg BT 531.06 631.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 553.75 631.50 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 618.90 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
185 582.4 m
236 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
236 582.4 m
240 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 582.4 m
287 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
287 582.4 m
291 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 582.4 m
338 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
342 582.4 m
394 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
394 582.4 m
454 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
458 582.4 m
510 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
510 582.4 m
562 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 567.4 m
181 567.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
185 567.4 m
236 567.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 582.4 m
287 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 567.4 m
287 567.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
287 582.4 m
291 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 582.4 m
338 582.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 567.4 m
338 567.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
342 567.4 m
394 567.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
394 567.4 m
454 567.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
458 567.4 m
510 567.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
510 567.4 m
562 567.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 477.4 m
181 477.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
185 477.4 m
236 477.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 477.4 m
287 477.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 477.4 m
338 477.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
342 477.4 m
394 477.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 462.4 m
181 462.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
185 462.4 m
236 462.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 477.4 m
287 477.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 462.4 m
287 462.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 477.4 m
338 477.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 462.4 m
338 462.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
342 477.4 m
394 477.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
342 462.4 m
394 462.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
458 477.4 m
510 477.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
458 462.4 m
510 462.4 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 211.65 587.17 Td (Y) Tj ET Q
q 0 0 0 rg BT 218.71 587.17 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.15 597.69 Td (2020 Compar) Tj ET Q
q 0 0 0 rg BT 417.01 597.69 Td (ed to) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 387.00 587.19 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.40 597.67 Td (2019 Compared to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 499.00 587.17 Td (2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 199.50 572.19 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.50 572.17 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.50 572.17 Td (2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 346.35 572.19 Td ($ Change) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 399.70 572.19 Td (% Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.50 572.17 Td ($ Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 513.75 572.17 Td (% Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 557.17 Td (Investment advisory fees:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 542.17 Td (Separate accounts) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 187.50 542.19 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 200.50 542.19 Td (1,052.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 242.50 542.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.50 542.17 Td (1,029.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.50 542.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.50 542.17 Td (1,020.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 344.50 542.19 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.60 542.19 Td (22.7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 437.75 542.19 Td (2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 443.00 542.19 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.50 542.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.85 542.17 Td (8.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 542.17 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.75 542.17 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 527.17 Td (Funds) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 200.50 527.19 Td (1,495.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.50 527.17 Td (1,480.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.50 527.17 Td (1,564.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.60 527.19 Td (15.0) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 437.75 527.19 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.50 527.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.10 527.17 Td (\(84.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.00 527.17 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.00 527.17 Td (\(5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.75 527.17 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 512.17 Td (Performance fees) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 213.60 512.19 Td (99.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 264.60 512.17 Td (84.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 310.35 512.17 Td (227.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.60 512.19 Td (14.1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 432.50 512.19 Td (17) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.50 512.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.85 512.17 Td (\(142.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.00 512.17 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.75 512.17 Td (\(63) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.75 512.17 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 497.17 Td (Distribution and service fees) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 208.35 497.19 Td (270.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 259.35 497.17 Td (303.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 310.35 497.17 Td (321.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 368.10 497.19 Td (\(32.6) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 390.00 497.19 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 429.00 497.19 Td (\(1) Tj ET Q
q 0 0 0 rg BT 437.75 497.19 Td (1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 443.00 497.19 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.50 497.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.10 497.17 Td (\(18.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.00 497.17 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.00 497.17 Td (\(6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.75 497.17 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 482.17 Td (Other) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 218.85 482.19 Td (5.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 269.85 482.17 Td (6.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 320.85 482.17 Td (5.0) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 373.35 482.19 Td (\(0.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 390.00 482.19 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 434.25 482.19 Td (\(7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 443.00 482.19 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.50 482.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.85 482.17 Td (1.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.25 482.17 Td (22) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 467.17 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 467.17 Td (otal Operating Revenues) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 187.50 467.19 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 200.50 467.19 Td (2,922.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 242.50 467.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.50 467.17 Td (2,903.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.50 467.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.50 467.17 Td (3,140.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 344.50 467.19 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.60 467.19 Td (18.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 437.75 467.19 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.50 467.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.85 467.17 Td (\(237.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.00 467.17 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.00 467.17 Td (\(8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.75 467.17 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 438.30 Td (T) Tj ET Q
q 0 0 0 rg BT 55.18 438.30 Td (otal ) Tj ET Q
q 0 0 0 rg BT 73.64 438.30 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 118.34 438.30 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 161.88 438.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 176.84 438.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.38 438.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 213.16 438.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 240.95 438.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 271.07 438.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 286.91 438.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 313.25 438.30 Td (increased ) Tj ET Q
q 0 0 0 rg BT 355.60 438.30 Td (1% ) Tj ET Q
q 0 0 0 rg BT 372.32 438.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.20 438.30 Td ($2.92) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.82 438.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 409.54 438.30 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 442.30 438.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 453.76 438.30 Td (compared ) Tj ET Q
q 0 0 0 rg BT 497.87 438.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 508.75 438.30 Td ($2.90) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 532.38 438.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 535.09 438.30 Td (billion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 425.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.90 425.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.88 425.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 102.10 425.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 130.33 425.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 160.89 425.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 177.17 425.70 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 203.94 425.70 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 246.17 425.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 264.49 425.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 275.81 425.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 288.87 425.70 Td (increase ) Tj ET Q
q 0 0 0 rg BT 326.42 425.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 337.74 425.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 386.98 425.70 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 426.29 425.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 446.35 425.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 469.91 425.70 Td (separate ) Tj ET Q
q 0 0 0 rg BT 507.46 425.70 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 547.35 425.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 413.10 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 78.25 413.10 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 121.28 413.10 Td (higher ) Tj ET Q
q 0 0 0 rg BT 150.90 413.10 Td (average ) Tj ET Q
q 0 0 0 rg BT 185.71 413.10 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 215.64 413.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 233.59 413.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 246.30 413.10 Td (increase ) Tj ET Q
q 0 0 0 rg BT 283.49 413.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 295.03 413.10 Td ($21.2 ) Tj ET Q
q 0 0 0 rg BT 321.45 413.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 354.58 413.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 365.55 413.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 421.39 413.10 Td (fees ) Tj ET Q
q 0 0 0 rg BT 441.09 413.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 459.63 413.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 482.83 413.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 499.04 413.10 Td (passed ) Tj ET Q
q 0 0 0 rg BT 529.83 413.10 Td (through ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 400.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.48 400.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 121.04 400.50 Td (expense. ) Tj ET Q
q 0 0 0 rg BT 159.72 400.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 161.79 400.50 Td (These ) Tj ET Q
q 0 0 0 rg BT 189.10 400.50 Td (increases ) Tj ET Q
q 0 0 0 rg BT 229.81 400.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 252.45 400.50 Td (of) Tj ET Q
q 0 0 0 rg BT 261.01 400.50 Td (fset ) Tj ET Q
q 0 0 0 rg BT 278.40 400.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 288.81 400.50 Td (part ) Tj ET Q
q 0 0 0 rg BT 307.37 400.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 320.10 400.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 327.00 400.50 Td ($32.6 ) Tj ET Q
q 0 0 0 rg BT 352.86 400.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 385.43 400.50 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 423.80 400.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 434.21 400.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 484.86 400.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 502.26 400.50 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 542.98 400.50 Td (fees, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 387.90 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 92.03 387.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 99.00 387.90 Td (shift ) Tj ET Q
q 0 0 0 rg BT 119.97 387.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 130.45 387.90 Td (lower ) Tj ET Q
q 0 0 0 rg BT 156.66 387.90 Td (fee ) Tj ET Q
q 0 0 0 rg BT 171.78 387.90 Td (earning ) Tj ET Q
q 0 0 0 rg BT 205.57 387.90 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 237.04 387.90 Td (fund ) Tj ET Q
q 0 0 0 rg BT 258.60 387.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 283.06 387.90 Td (classes ) Tj ET Q
q 0 0 0 rg BT 314.52 387.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 331.99 387.90 Td (lower ) Tj ET Q
q 0 0 0 rg BT 358.20 387.90 Td (average ) Tj ET Q
q 0 0 0 rg BT 393.14 387.90 Td (fund ) Tj ET Q
q 0 0 0 rg BT 414.19 387.90 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 441.00 387.90 Td (earning ) Tj ET Q
q 0 0 0 rg BT 474.79 387.90 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 525.51 387.90 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 547.35 387.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 375.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.79 375.30 Td ($7.1 ) Tj ET Q
q 0 0 0 rg BT 77.79 375.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 110.75 375.30 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 149.51 375.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 160.30 375.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 215.98 375.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 235.51 375.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 253.88 375.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 276.90 375.30 Td (passed ) Tj ET Q
q 0 0 0 rg BT 307.52 375.30 Td (through ) Tj ET Q
q 0 0 0 rg BT 342.81 375.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 354.18 375.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 415.13 375.30 Td (expense. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 350.10 Td (T) Tj ET Q
q 0 0 0 rg BT 55.18 350.10 Td (otal ) Tj ET Q
q 0 0 0 rg BT 73.68 350.10 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 118.42 350.10 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 162.00 350.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 176.99 350.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.58 350.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 213.40 350.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 241.23 350.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 271.38 350.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 287.26 350.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 313.64 350.10 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.80 350.10 Td ($2.90) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.42 350.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 363.18 350.10 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 395.98 350.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 403.39 350.10 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 442.28 350.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.78 350.10 Td (8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.03 350.10 Td (% ) Tj ET Q
q 0 0 0 rg BT 470.53 350.10 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 493.70 350.10 Td ($3.14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.32 350.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 520.08 350.10 Td (billion ) Tj ET Q
q 0 0 0 rg BT 550.25 350.10 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 337.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.20 337.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 86.15 337.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 114.10 337.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 144.38 337.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 160.38 337.50 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 186.88 337.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 189.55 337.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 208.75 337.50 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 247.76 337.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 266.97 337.50 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 308.92 337.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 326.96 337.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 338.00 337.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 345.54 337.50 Td ($142.9 ) Tj ET Q
q 0 0 0 rg BT 377.29 337.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 410.50 337.50 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 449.52 337.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 460.56 337.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 516.49 337.50 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 538.89 337.50 Td ($83.2 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 324.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 82.20 324.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.31 324.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 121.33 324.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 140.02 324.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 150.55 324.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 205.96 324.90 Td (fees ) Tj ET Q
q 0 0 0 rg BT 225.22 324.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 243.33 324.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 258.51 324.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 274.29 324.90 Td (passed ) Tj ET Q
q 0 0 0 rg BT 304.64 324.90 Td (through ) Tj ET Q
q 0 0 0 rg BT 339.67 324.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 350.77 324.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 411.46 324.90 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 450.26 324.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 461.37 324.90 Td (further ) Tj ET Q
q 0 0 0 rg BT 492.30 324.90 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 534.91 324.90 Td (below) Tj ET Q
q 0 0 0 rg BT 559.88 324.90 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 312.30 Td (A) Tj ET Q
q 0 0 0 rg BT 56.50 312.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 58.83 312.30 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 97.29 312.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 107.78 312.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 124.10 312.30 Td (operating ) Tj ET Q
q 0 0 0 rg BT 166.08 312.30 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 201.64 312.30 Td (yield ) Tj ET Q
q 0 0 0 rg BT 224.96 312.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 235.45 312.30 Td (38 ) Tj ET Q
q 0 0 0 rg BT 248.27 312.30 Td (basis ) Tj ET Q
q 0 0 0 rg BT 271.60 312.30 Td (points ) Tj ET Q
q 0 0 0 rg BT 299.60 312.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 314.17 312.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 329.32 312.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 349.71 312.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 377.11 312.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 406.84 312.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 422.29 312.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 448.24 312.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 470.97 312.30 Td (39 ) Tj ET Q
q 0 0 0 rg BT 483.80 312.30 Td (basis ) Tj ET Q
q 0 0 0 rg BT 507.13 312.30 Td (points ) Tj ET Q
q 0 0 0 rg BT 535.12 312.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.69 312.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 299.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 70.19 299.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 97.89 299.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 127.92 299.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 143.67 299.70 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 169.92 299.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 189.46 299.70 Td (contributed ) Tj ET Q
q 0 0 0 rg BT 239.90 299.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 250.70 299.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 266.15 299.70 Td (decrease.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 274.50 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 99.57 274.50 Td (Advisory ) Tj ET Q
q 0 0 0 rg BT 140.11 274.50 Td (Fees ) Tj ET Q
q 0 0 0 rg BT 163.15 274.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 186.77 274.50 Td (Separate ) Tj ET Q
q 0 0 0 rg BT 226.92 274.50 Td (Accounts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 261.90 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.58 261.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.90 261.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 105.45 261.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 134.01 261.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 164.91 261.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 181.52 261.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 208.64 261.90 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 258.79 261.90 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 298.44 261.90 Td (fees ) Tj ET Q
q 0 0 0 rg BT 318.83 261.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 342.73 261.90 Td (separate ) Tj ET Q
q 0 0 0 rg BT 380.62 261.90 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 420.84 261.90 Td (increased ) Tj ET Q
q 0 0 0 rg BT 463.98 261.90 Td (2% ) Tj ET Q
q 0 0 0 rg BT 481.46 261.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 493.12 261.90 Td ($1.05) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.75 261.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 520.24 261.90 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 553.77 261.90 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 249.30 Td (compared ) Tj ET Q
q 0 0 0 rg BT 94.11 249.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 105.49 249.30 Td ($1.03) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 129.12 249.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 132.33 249.30 Td (billion ) Tj ET Q
q 0 0 0 rg BT 162.96 249.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 178.42 249.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 194.46 249.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 215.74 249.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 244.03 249.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 274.64 249.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 290.98 249.30 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 317.82 249.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 321.03 249.30 Td (Fees ) Tj ET Q
q 0 0 0 rg BT 343.49 249.30 Td (earned ) Tj ET Q
q 0 0 0 rg BT 374.69 249.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 388.40 249.30 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 413.19 249.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 447.31 249.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 465.68 249.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 495.14 249.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 522.85 249.30 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 236.70 Td ($20.4 ) Tj ET Q
q 0 0 0 rg BT 75.67 236.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 108.56 236.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 126.27 236.70 Td ($5.8 ) Tj ET Q
q 0 0 0 rg BT 147.19 236.70 Td (million, ) Tj ET Q
q 0 0 0 rg BT 182.70 236.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 232.75 236.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 237.92 236.70 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 280.70 236.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 293.16 236.70 Td (increase ) Tj ET Q
q 0 0 0 rg BT 330.10 236.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 340.81 236.70 Td (average ) Tj ET Q
q 0 0 0 rg BT 376.00 236.70 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 400.12 236.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 433.58 236.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 451.29 236.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 479.52 236.70 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 509.20 236.70 Td (of) Tj ET Q
q 0 0 0 rg BT 517.75 236.70 Td (fset ) Tj ET Q
q 0 0 0 rg BT 535.46 236.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 546.18 236.70 Td (part ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 224.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.52 224.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 69.70 224.10 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 111.88 224.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 122.56 224.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 137.91 224.10 Td (average ) Tj ET Q
q 0 0 0 rg BT 173.07 224.10 Td (fee ) Tj ET Q
q 0 0 0 rg BT 188.41 224.10 Td (rates ) Tj ET Q
q 0 0 0 rg BT 210.76 224.10 Td (earned ) Tj ET Q
q 0 0 0 rg BT 241.26 224.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 254.28 224.10 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 278.37 224.10 Td (income ) Tj ET Q
q 0 0 0 rg BT 311.80 224.10 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 341.44 224.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 343.78 224.10 Td (These ) Tj ET Q
q 0 0 0 rg BT 371.38 224.10 Td (increases ) Tj ET Q
q 0 0 0 rg BT 412.38 224.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 435.30 224.10 Td (of) Tj ET Q
q 0 0 0 rg BT 443.85 224.10 Td (fset ) Tj ET Q
q 0 0 0 rg BT 461.54 224.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 472.23 224.10 Td (part ) Tj ET Q
q 0 0 0 rg BT 491.07 224.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 504.09 224.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 511.27 224.10 Td ($4.3 ) Tj ET Q
q 0 0 0 rg BT 532.17 224.10 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 211.50 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 87.97 211.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 98.48 211.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 117.72 211.50 Td (earned ) Tj ET Q
q 0 0 0 rg BT 148.04 211.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 160.88 211.50 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 207.52 211.50 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 236.98 211.50 Td (driven ) Tj ET Q
q 0 0 0 rg BT 266.15 211.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 278.98 211.50 Td (lower ) Tj ET Q
q 0 0 0 rg BT 305.23 211.50 Td (average ) Tj ET Q
q 0 0 0 rg BT 340.21 211.50 Td (fee ) Tj ET Q
q 0 0 0 rg BT 355.36 211.50 Td (rates ) Tj ET Q
q 0 0 0 rg BT 377.52 211.50 Td (earned ) Tj ET Q
q 0 0 0 rg BT 407.84 211.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 420.68 211.50 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 467.32 211.50 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 496.78 211.50 Td (of) Tj ET Q
q 0 0 0 rg BT 505.34 211.50 Td (fset ) Tj ET Q
q 0 0 0 rg BT 522.84 211.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 533.35 211.50 Td (part ) Tj ET Q
q 0 0 0 rg BT 552.01 211.50 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 198.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 62.04 198.90 Td (increase ) Tj ET Q
q 0 0 0 rg BT 99.05 198.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 109.85 198.90 Td (average ) Tj ET Q
q 0 0 0 rg BT 145.11 198.90 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 191.47 198.90 Td (AUM.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 173.70 Td (For ) Tj ET Q
q 0 0 0 rg BT 65.99 173.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.72 173.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 100.69 173.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 127.66 173.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 156.96 173.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 171.99 173.70 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 197.51 173.70 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 246.07 173.70 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 284.13 173.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 302.94 173.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 325.25 173.70 Td (separate ) Tj ET Q
q 0 0 0 rg BT 361.54 173.70 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 400.18 173.70 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 441.73 173.70 Td ($8.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.10 173.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 462.00 173.70 Td (million, ) Tj ET Q
q 0 0 0 rg BT 496.86 173.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.93 173.70 Td ($1.03) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.56 173.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 532.46 173.70 Td (billion, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 161.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.28 161.10 Td (compared ) Tj ET Q
q 0 0 0 rg BT 105.71 161.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 116.91 161.10 Td ($1.02) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 140.53 161.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 143.57 161.10 Td (billion ) Tj ET Q
q 0 0 0 rg BT 174.02 161.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 189.29 161.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 205.16 161.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 226.26 161.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 254.36 161.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 284.80 161.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 300.96 161.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 327.61 161.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 339.39 161.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 352.34 161.10 Td (increase ) Tj ET Q
q 0 0 0 rg BT 389.76 161.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 401.54 161.10 Td ($19.9 ) Tj ET Q
q 0 0 0 rg BT 428.20 161.10 Td (million, ) Tj ET Q
q 0 0 0 rg BT 464.19 161.10 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 506.30 161.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 524.49 161.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 535.69 161.10 Td (higher ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 148.50 Td (average ) Tj ET Q
q 0 0 0 rg BT 85.10 148.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 114.32 148.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 141.78 148.50 Td (managed ) Tj ET Q
q 0 0 0 rg BT 182.65 148.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 193.19 148.50 Td (ClearBridge, ) Tj ET Q
q 0 0 0 rg BT 250.10 148.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 269.39 148.50 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 325.44 148.50 Td (of) Tj ET Q
q 0 0 0 rg BT 334.00 148.50 Td (fset ) Tj ET Q
q 0 0 0 rg BT 352.12 148.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 365.59 148.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 373.22 148.50 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 412.32 148.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 424.03 148.50 Td ($12.8 ) Tj ET Q
q 0 0 0 rg BT 450.62 148.50 Td (million, ) Tj ET Q
q 0 0 0 rg BT 486.55 148.50 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 528.59 148.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 546.72 148.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 557.85 148.50 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 135.90 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 92.32 135.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 103.66 135.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.66 135.90 Td (average ) Tj ET Q
q 0 0 0 rg BT 155.47 135.90 Td (fee ) Tj ET Q
q 0 0 0 rg BT 171.46 135.90 Td (rate ) Tj ET Q
q 0 0 0 rg BT 190.37 135.90 Td (earned ) Tj ET Q
q 0 0 0 rg BT 221.52 135.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 235.19 135.90 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 259.93 135.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 294.01 135.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 321.68 135.90 Td (managed ) Tj ET Q
q 0 0 0 rg BT 362.75 135.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 373.50 135.90 Td (Brandywine, ) Tj ET Q
q 0 0 0 rg BT 430.62 135.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.95 135.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 456.78 135.90 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 496.09 135.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 508.00 135.90 Td ($7.1 ) Tj ET Q
q 0 0 0 rg BT 529.55 135.90 Td (million, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 123.30 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 91.20 123.30 Td (due ) Tj ET Q
q 0 0 0 rg BT 108.98 123.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 119.78 123.30 Td (lower ) Tj ET Q
q 0 0 0 rg BT 146.31 123.30 Td (average ) Tj ET Q
q 0 0 0 rg BT 181.57 123.30 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 228.51 123.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 255.63 123.30 Td (managed ) Tj ET Q
q 0 0 0 rg BT 296.16 123.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 306.36 123.30 Td (EnT) Tj ET Q
q 0 0 0 rg BT 324.07 123.30 Td (rust ) Tj ET Q
q 0 0 0 rg BT 342.44 123.30 Td (Global ) Tj ET Q
q 0 0 0 rg BT 373.65 123.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 391.43 123.30 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 422.06 123.30 Td (Infrastructure.) Tj ET Q
endstream
endobj
103 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 104 0 R>>
endobj
104 0 obj
<</Length 39801>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (49) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 99.57 741.90 Td (Advisory ) Tj ET Q
q 0 0 0 rg BT 140.11 741.90 Td (Fees ) Tj ET Q
q 0 0 0 rg BT 163.15 741.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 186.77 741.90 Td (Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.79 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.32 729.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 103.10 729.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 130.87 729.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 160.98 729.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 176.81 729.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 203.14 729.30 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 252.50 729.30 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 291.37 729.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 310.98 729.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 334.09 729.30 Td (funds ) Tj ET Q
q 0 0 0 rg BT 360.13 729.30 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.48 729.30 Td ($15.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.10 729.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 428.81 729.30 Td (million, ) Tj ET Q
q 0 0 0 rg BT 464.47 729.30 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.92 729.30 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.17 729.30 Td (%, ) Tj ET Q
q 0 0 0 rg BT 495.25 729.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.12 729.30 Td ($1.50) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.75 729.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 532.45 729.30 Td (billion, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.67 716.70 Td (compared ) Tj ET Q
q 0 0 0 rg BT 104.50 716.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 115.09 716.70 Td ($1.48) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 138.71 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 141.14 716.70 Td (billion ) Tj ET Q
q 0 0 0 rg BT 170.99 716.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 185.66 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.91 716.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 221.40 716.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 248.90 716.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 278.73 716.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 294.28 716.70 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 320.34 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 322.76 716.70 Td (Fees ) Tj ET Q
q 0 0 0 rg BT 344.44 716.70 Td (earned ) Tj ET Q
q 0 0 0 rg BT 374.84 716.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 387.77 716.70 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 434.50 716.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 461.43 716.70 Td (increased ) Tj ET Q
q 0 0 0 rg BT 503.50 716.70 Td ($25.3 ) Tj ET Q
q 0 0 0 rg BT 529.55 716.70 Td (million, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (driven ) Tj ET Q
q 0 0 0 rg BT 79.25 704.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 92.67 704.10 Td (higher ) Tj ET Q
q 0 0 0 rg BT 122.42 704.10 Td (average ) Tj ET Q
q 0 0 0 rg BT 157.98 704.10 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 204.57 704.10 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 234.62 704.10 Td (of) Tj ET Q
q 0 0 0 rg BT 243.18 704.10 Td (fset ) Tj ET Q
q 0 0 0 rg BT 261.27 704.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 272.36 704.10 Td (part ) Tj ET Q
q 0 0 0 rg BT 291.60 704.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 305.03 704.10 Td (lower ) Tj ET Q
q 0 0 0 rg BT 331.86 704.10 Td (average ) Tj ET Q
q 0 0 0 rg BT 367.42 704.10 Td (fee ) Tj ET Q
q 0 0 0 rg BT 383.17 704.10 Td (rates ) Tj ET Q
q 0 0 0 rg BT 405.91 704.10 Td (earned ) Tj ET Q
q 0 0 0 rg BT 436.81 704.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 450.24 704.10 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 497.47 704.10 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 527.52 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 545.60 704.10 Td (fees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (earned ) Tj ET Q
q 0 0 0 rg BT 80.62 691.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 94.25 691.50 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 118.97 691.50 Td (income ) Tj ET Q
q 0 0 0 rg BT 153.01 691.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 180.65 691.50 Td (increased ) Tj ET Q
q 0 0 0 rg BT 223.43 691.50 Td ($19.0 ) Tj ET Q
q 0 0 0 rg BT 250.19 691.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 283.66 691.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 301.96 691.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 313.27 691.50 Td (higher ) Tj ET Q
q 0 0 0 rg BT 343.23 691.50 Td (average ) Tj ET Q
q 0 0 0 rg BT 379.01 691.50 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 403.72 691.50 Td (income ) Tj ET Q
q 0 0 0 rg BT 437.07 691.50 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 467.34 691.50 Td (of) Tj ET Q
q 0 0 0 rg BT 475.89 691.50 Td (fset ) Tj ET Q
q 0 0 0 rg BT 494.19 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 505.50 691.50 Td (part ) Tj ET Q
q 0 0 0 rg BT 524.96 691.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 538.60 691.50 Td (lower ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (average ) Tj ET Q
q 0 0 0 rg BT 85.51 678.90 Td (fee ) Tj ET Q
q 0 0 0 rg BT 101.70 678.90 Td (rates ) Tj ET Q
q 0 0 0 rg BT 124.89 678.90 Td (earned ) Tj ET Q
q 0 0 0 rg BT 156.24 678.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 170.11 678.90 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 195.05 678.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 229.33 678.90 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 259.58 678.90 Td (These ) Tj ET Q
q 0 0 0 rg BT 288.02 678.90 Td (increases ) Tj ET Q
q 0 0 0 rg BT 329.87 678.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 353.64 678.90 Td (of) Tj ET Q
q 0 0 0 rg BT 362.19 678.90 Td (fset ) Tj ET Q
q 0 0 0 rg BT 380.72 678.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 392.26 678.90 Td (part ) Tj ET Q
q 0 0 0 rg BT 411.96 678.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 425.83 678.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 433.86 678.90 Td ($28.5 ) Tj ET Q
q 0 0 0 rg BT 460.85 678.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 494.56 678.90 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 534.06 678.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 545.60 678.90 Td (fees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (earned ) Tj ET Q
q 0 0 0 rg BT 80.10 666.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 93.23 666.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 122.10 666.30 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 151.85 666.30 Td (driven ) Tj ET Q
q 0 0 0 rg BT 181.30 666.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 194.42 666.30 Td (lower ) Tj ET Q
q 0 0 0 rg BT 220.95 666.30 Td (average ) Tj ET Q
q 0 0 0 rg BT 256.22 666.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 284.51 666.30 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 311.64 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 329.42 666.30 Td (lower ) Tj ET Q
q 0 0 0 rg BT 355.96 666.30 Td (average ) Tj ET Q
q 0 0 0 rg BT 391.22 666.30 Td (fee ) Tj ET Q
q 0 0 0 rg BT 406.66 666.30 Td (rates ) Tj ET Q
q 0 0 0 rg BT 429.11 666.30 Td (earned ) Tj ET Q
q 0 0 0 rg BT 459.71 666.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 472.84 666.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 501.71 666.30 Td (assets.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.70 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.14 641.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 102.82 641.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 130.51 641.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 160.52 641.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 176.26 641.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 202.50 641.10 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 251.77 641.10 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 290.55 641.10 Td (fees ) Tj ET Q
q 0 0 0 rg BT 310.06 641.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 333.09 641.10 Td (funds ) Tj ET Q
q 0 0 0 rg BT 359.03 641.10 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.03 641.10 Td ($84.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.66 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 429.27 641.10 Td (million, ) Tj ET Q
q 0 0 0 rg BT 464.85 641.10 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.21 641.10 Td (5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.46 641.10 Td (%, ) Tj ET Q
q 0 0 0 rg BT 495.44 641.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.22 641.10 Td ($1.48) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.85 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 532.46 641.10 Td (billion, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.41 628.50 Td (compared ) Tj ET Q
q 0 0 0 rg BT 103.96 628.50 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 114.29 628.50 Td ($1.56) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 137.91 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 140.07 628.50 Td (billion ) Tj ET Q
q 0 0 0 rg BT 169.65 628.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 184.06 628.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.04 628.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 219.27 628.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 246.50 628.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 276.07 628.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 291.35 628.50 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 317.14 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 319.30 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 321.46 628.50 Td (Of ) Tj ET Q
q 0 0 0 rg BT 334.69 628.50 Td (this ) Tj ET Q
q 0 0 0 rg BT 352.03 628.50 Td (decrease, ) Tj ET Q
q 0 0 0 rg BT 392.95 628.50 Td ($56.7 ) Tj ET Q
q 0 0 0 rg BT 418.73 628.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 451.23 628.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 469.72 628.50 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 510.95 628.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 528.27 628.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 538.60 628.50 Td (lower ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (average ) Tj ET Q
q 0 0 0 rg BT 84.50 615.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 113.10 615.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 139.95 615.90 Td (managed ) Tj ET Q
q 0 0 0 rg BT 180.21 615.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 190.15 615.90 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 221.08 615.90 Td (Currie, ) Tj ET Q
q 0 0 0 rg BT 252.89 615.90 Td (Royce, ) Tj ET Q
q 0 0 0 rg BT 284.69 615.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 302.21 615.90 Td (Clearbridge, ) Tj ET Q
q 0 0 0 rg BT 356.76 615.90 Td ($39.3 ) Tj ET Q
q 0 0 0 rg BT 382.74 615.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 415.43 615.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 434.12 615.90 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 475.55 615.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 493.07 615.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 503.59 615.90 Td (lower ) Tj ET Q
q 0 0 0 rg BT 529.86 615.90 Td (average ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 95.43 603.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 121.54 603.30 Td (managed ) Tj ET Q
q 0 0 0 rg BT 161.06 603.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 170.26 603.30 Td (EnT) Tj ET Q
q 0 0 0 rg BT 187.97 603.30 Td (rust ) Tj ET Q
q 0 0 0 rg BT 205.34 603.30 Td (Global, ) Tj ET Q
q 0 0 0 rg BT 238.16 603.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 254.94 603.30 Td ($16.7 ) Tj ET Q
q 0 0 0 rg BT 280.18 603.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 312.14 603.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 330.09 603.30 Td (due ) Tj ET Q
q 0 0 0 rg BT 346.87 603.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 356.65 603.30 Td (lower ) Tj ET Q
q 0 0 0 rg BT 382.18 603.30 Td (average ) Tj ET Q
q 0 0 0 rg BT 416.44 603.30 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 453.64 603.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 479.76 603.30 Td (managed ) Tj ET Q
q 0 0 0 rg BT 519.28 603.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 528.36 603.30 Td (W) Tj ET Q
q 0 0 0 rg BT 537.43 603.30 Td (estern ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (Asset. ) Tj ET Q
q 0 0 0 rg BT 77.15 590.70 Td (These ) Tj ET Q
q 0 0 0 rg BT 104.04 590.70 Td (decreases ) Tj ET Q
q 0 0 0 rg BT 146.09 590.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 168.31 590.70 Td (partially ) Tj ET Q
q 0 0 0 rg BT 205.12 590.70 Td (of) Tj ET Q
q 0 0 0 rg BT 213.67 590.70 Td (fset ) Tj ET Q
q 0 0 0 rg BT 230.66 590.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 240.65 590.70 Td (part ) Tj ET Q
q 0 0 0 rg BT 258.79 590.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 271.11 590.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 282.84 590.70 Td (increase ) Tj ET Q
q 0 0 0 rg BT 319.06 590.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 329.63 590.70 Td ($26.4 ) Tj ET Q
q 0 0 0 rg BT 355.07 590.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 387.23 590.70 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 428.13 590.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 445.11 590.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 455.10 590.70 Td (higher ) Tj ET Q
q 0 0 0 rg BT 483.74 590.70 Td (average ) Tj ET Q
q 0 0 0 rg BT 518.20 590.70 Td (alternative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 76.62 578.10 Td (managed ) Tj ET Q
q 0 0 0 rg BT 117.15 578.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 130.27 578.10 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 164.39 578.10 Td (Partners.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 99.57 552.90 Td (Advisory ) Tj ET Q
q 0 0 0 rg BT 140.11 552.90 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 199.31 552.90 Td (Fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.34 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 76.26 540.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 106.83 540.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 123.13 540.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 149.92 540.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 176.72 540.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 195.05 540.30 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 221.85 540.30 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 285.67 540.30 Td (1) Tj ET Q
q 0 0 0 rg BT 290.53 540.30 Td (1%, ) Tj ET Q
q 0 0 0 rg BT 310.32 540.30 Td (12%, ) Tj ET Q
q 0 0 0 rg BT 335.36 540.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 353.69 540.30 Td (1) Tj ET Q
q 0 0 0 rg BT 358.55 540.30 Td (1%, ) Tj ET Q
q 0 0 0 rg BT 378.35 540.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 428.39 540.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 434.19 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 446.11 540.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 463.27 540.30 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 507.15 540.30 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 534.83 540.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 554.33 540.30 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 88.18 527.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 105.87 527.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 128.22 527.70 Td (eligible ) Tj ET Q
q 0 0 0 rg BT 161.65 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 171.76 527.70 Td (earn ) Tj ET Q
q 0 0 0 rg BT 191.77 527.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 246.77 527.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 265.62 527.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 275.14 527.70 Td (some ) Tj ET Q
q 0 0 0 rg BT 299.25 527.70 Td (point ) Tj ET Q
q 0 0 0 rg BT 322.78 527.70 Td (during ) Tj ET Q
q 0 0 0 rg BT 352.14 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 366.91 527.70 Td (respective ) Tj ET Q
q 0 0 0 rg BT 411.41 527.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 436.10 527.70 Td (year) Tj ET Q
q 0 0 0 rg BT 453.59 527.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 458.16 527.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 460.10 527.70 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 515.68 527.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 534.53 527.70 Td (earned ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.85 515.10 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 97.19 515.10 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 134.45 515.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 147.80 515.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 175.14 515.10 Td (invested ) Tj ET Q
q 0 0 0 rg BT 212.98 515.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 234.50 515.10 Td (them ) Tj ET Q
q 0 0 0 rg BT 258.34 515.10 Td (prior ) Tj ET Q
q 0 0 0 rg BT 281.60 515.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 292.62 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 308.29 515.10 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 357.22 515.10 Td (closing ) Tj ET Q
q 0 0 0 rg BT 390.40 515.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 400.79 515.10 Td (April ) Tj ET Q
q 0 0 0 rg BT 425.80 515.10 Td (2016 ) Tj ET Q
q 0 0 0 rg BT 449.65 515.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 465.31 515.10 Td (fully ) Tj ET Q
q 0 0 0 rg BT 487.99 515.10 Td (passed ) Tj ET Q
q 0 0 0 rg BT 518.84 515.10 Td (through ) Tj ET Q
q 0 0 0 rg BT 554.35 515.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.74 502.50 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 98.65 502.50 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 135.48 502.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 191.54 502.50 Td (team, ) Tj ET Q
q 0 0 0 rg BT 216.98 502.50 Td (per ) Tj ET Q
q 0 0 0 rg BT 232.81 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 248.05 502.50 Td (terms ) Tj ET Q
q 0 0 0 rg BT 273.79 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 284.95 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 300.20 502.50 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 348.69 502.50 Td (agreement, ) Tj ET Q
q 0 0 0 rg BT 397.45 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 415.03 502.50 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 454.17 502.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 465.33 502.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 526.07 502.50 Td (expense, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.51 489.90 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 110.25 489.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 133.93 489.90 Td (no ) Tj ET Q
q 0 0 0 rg BT 148.28 489.90 Td (impact ) Tj ET Q
q 0 0 0 rg BT 180.70 489.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 195.05 489.90 Td (Net ) Tj ET Q
q 0 0 0 rg BT 214.07 489.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 249.40 489.90 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 279.24 489.90 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 333.83 489.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 345.84 489.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 371.27 489.90 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 406.33 489.90 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 426.21 489.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 429.79 489.90 Td (W) Tj ET Q
q 0 0 0 rg BT 438.86 489.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 447.37 489.90 Td (expect ) Tj ET Q
q 0 0 0 rg BT 478.62 489.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 495.30 489.90 Td (pass ) Tj ET Q
q 0 0 0 rg BT 517.24 489.90 Td (through ) Tj ET Q
q 0 0 0 rg BT 553.75 489.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.05 477.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 124.46 477.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 134.53 477.30 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 168.53 477.30 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 205.44 477.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 216.11 477.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 228.52 477.30 Td (lar) Tj ET Q
q 0 0 0 rg BT 239.40 477.30 Td (gely ) Tj ET Q
q 0 0 0 rg BT 259.98 477.30 Td (phased ) Tj ET Q
q 0 0 0 rg BT 291.64 477.30 Td (out ) Tj ET Q
q 0 0 0 rg BT 307.56 477.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 320.56 477.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 345.80 477.30 Td (2022. ) Tj ET Q
q 0 0 0 rg BT 371.92 477.30 Td (Excluding ) Tj ET Q
q 0 0 0 rg BT 417.03 477.30 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 444.04 477.30 Td (eligible ) Tj ET Q
q 0 0 0 rg BT 478.03 477.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 488.69 477.30 Td (earn ) Tj ET Q
q 0 0 0 rg BT 509.26 477.30 Td (pass ) Tj ET Q
q 0 0 0 rg BT 529.85 477.30 Td (through ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 106.69 464.70 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 130.36 464.70 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 195.15 464.70 Td (7%, ) Tj ET Q
q 0 0 0 rg BT 215.91 464.70 Td (8%, ) Tj ET Q
q 0 0 0 rg BT 236.67 464.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 255.98 464.70 Td (7% ) Tj ET Q
q 0 0 0 rg BT 274.11 464.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 287.00 464.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 305.14 464.70 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 349.77 464.70 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 378.41 464.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 398.88 464.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 411.19 464.70 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 452.07 464.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 471.95 464.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 496.50 464.70 Td (eligible ) Tj ET Q
q 0 0 0 rg BT 532.13 464.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 544.44 464.70 Td (earn ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.17 452.10 Td (fees ) Tj ET Q
q 0 0 0 rg BT 124.70 452.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 134.91 452.10 Td (some ) Tj ET Q
q 0 0 0 rg BT 159.70 452.10 Td (point ) Tj ET Q
q 0 0 0 rg BT 183.91 452.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 213.95 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 229.40 452.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 254.18 452.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 281.87 452.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 311.90 452.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 327.65 452.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 353.90 452.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 380.15 452.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 397.94 452.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 424.19 452.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 474.24 452.10 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.91 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.55 426.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 103.44 426.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 131.33 426.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 161.56 426.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 177.50 426.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 203.95 426.90 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 253.42 426.90 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 292.40 426.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 348.27 426.90 Td (fees ) Tj ET Q
q 0 0 0 rg BT 368.00 426.90 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.22 426.90 Td ($99.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.84 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 417.66 426.90 Td (million, ) Tj ET Q
q 0 0 0 rg BT 453.45 426.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 474.93 426.90 Td ($42.0 ) Tj ET Q
q 0 0 0 rg BT 501.38 426.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 534.54 426.90 Td (earned ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.34 414.30 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 96.17 414.30 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 132.91 414.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 150.41 414.30 Td (passed ) Tj ET Q
q 0 0 0 rg BT 180.74 414.30 Td (through ) Tj ET Q
q 0 0 0 rg BT 215.74 414.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 226.82 414.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 287.47 414.30 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 326.25 414.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 343.75 414.30 Td ($35.1 ) Tj ET Q
q 0 0 0 rg BT 369.71 414.30 Td (million, ) Tj ET Q
q 0 0 0 rg BT 405.01 414.30 Td ($16.3 ) Tj ET Q
q 0 0 0 rg BT 430.97 414.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 463.64 414.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 481.14 414.30 Td ($5.6 ) Tj ET Q
q 0 0 0 rg BT 501.85 414.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 534.52 414.30 Td (earned ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 63.79 401.70 Td (alternative, ) Tj ET Q
q 0 0 0 rg BT 114.51 401.70 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 139.87 401.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 174.56 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 193.51 401.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 223.54 401.70 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 254.45 401.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 304.49 401.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 310.90 401.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 314.69 401.70 Td (For ) Tj ET Q
q 0 0 0 rg BT 333.06 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 349.68 401.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 371.53 401.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 400.39 401.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 431.58 401.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 448.49 401.70 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 475.90 401.70 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 526.34 401.70 Td (advisory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.44 389.10 Td (fees ) Tj ET Q
q 0 0 0 rg BT 125.22 389.10 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 148.51 389.10 Td ($84.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 172.14 389.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 175.02 389.10 Td (million, ) Tj ET Q
q 0 0 0 rg BT 210.87 389.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 232.42 389.10 Td ($49.0 ) Tj ET Q
q 0 0 0 rg BT 258.93 389.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 292.15 389.10 Td (earned ) Tj ET Q
q 0 0 0 rg BT 323.02 389.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 336.40 389.10 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 370.78 389.10 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 408.08 389.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 426.12 389.10 Td (passed ) Tj ET Q
q 0 0 0 rg BT 457.00 389.10 Td (through ) Tj ET Q
q 0 0 0 rg BT 492.55 389.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 504.19 389.10 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 87.68 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 104.58 376.50 Td ($20.5 ) Tj ET Q
q 0 0 0 rg BT 129.94 376.50 Td (million, ) Tj ET Q
q 0 0 0 rg BT 164.64 376.50 Td ($9.6 ) Tj ET Q
q 0 0 0 rg BT 184.75 376.50 Td (million, ) Tj ET Q
q 0 0 0 rg BT 219.45 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 236.35 376.50 Td ($5.8 ) Tj ET Q
q 0 0 0 rg BT 256.46 376.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 288.53 376.50 Td (earned ) Tj ET Q
q 0 0 0 rg BT 318.25 376.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 330.49 376.50 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 353.80 376.50 Td (income, ) Tj ET Q
q 0 0 0 rg BT 389.06 376.50 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 435.11 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 452.01 376.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 479.99 376.50 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 508.85 376.50 Td (respectively; ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (and, ) Tj ET Q
q 0 0 0 rg BT 70.22 363.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 85.41 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 101.17 363.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 122.18 363.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 150.19 363.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 180.53 363.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 196.60 363.90 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 223.16 363.90 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 272.76 363.90 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 311.86 363.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 367.85 363.90 Td (fees ) Tj ET Q
q 0 0 0 rg BT 387.69 363.90 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.03 363.90 Td ($227.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.90 363.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 442.84 363.90 Td (million, ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
478.75 371.18 86.38 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 478.75 363.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 500.35 363.90 Td ($108.8 ) Tj ET Q
q 0 0 0 rg BT 532.17 363.90 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
49.50 358.58 317.60 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 49.50 351.30 Td (earned ) Tj ET Q
q 0 0 0 rg BT 79.35 351.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 91.72 351.30 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 125.09 351.30 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 161.37 351.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 178.41 351.30 Td (passed ) Tj ET Q
q 0 0 0 rg BT 208.27 351.30 Td (through ) Tj ET Q
q 0 0 0 rg BT 242.81 351.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 253.43 351.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 313.62 351.30 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 351.94 351.30 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 367.10 351.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 368.97 351.30 Td ($59.6 ) Tj ET Q
q 0 0 0 rg BT 394.47 351.30 Td (million, ) Tj ET Q
q 0 0 0 rg BT 429.30 351.30 Td ($32.5 ) Tj ET Q
q 0 0 0 rg BT 454.80 351.30 Td (million, ) Tj ET Q
q 0 0 0 rg BT 489.64 351.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 506.67 351.30 Td ($26.9 ) Tj ET Q
q 0 0 0 rg BT 532.17 351.30 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (earned ) Tj ET Q
q 0 0 0 rg BT 80.10 338.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 93.23 338.70 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 117.43 338.70 Td (income, ) Tj ET Q
q 0 0 0 rg BT 153.58 338.70 Td (equity) Tj ET Q
q 0 0 0 rg BT 179.15 338.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 184.40 338.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 202.18 338.70 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 249.12 338.70 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 278.87 338.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 328.91 338.70 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.97 313.50 Td (increase ) Tj ET Q
q 0 0 0 rg BT 104.50 313.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 114.81 313.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 170.00 313.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 189.05 313.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 206.93 313.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 229.48 313.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 245.04 313.50 Td (passed ) Tj ET Q
q 0 0 0 rg BT 275.17 313.50 Td (through ) Tj ET Q
q 0 0 0 rg BT 309.98 313.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 320.87 313.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 381.33 313.50 Td (expense ) Tj ET Q
q 0 0 0 rg BT 417.29 313.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 431.67 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.64 313.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 466.85 313.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 494.07 313.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 523.61 313.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.88 313.50 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 67.67 300.90 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 108.59 300.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 125.59 300.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 135.60 300.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 147.36 300.90 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 190.01 300.90 Td ($21.2 ) Tj ET Q
q 0 0 0 rg BT 215.48 300.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 247.66 300.90 Td (increase ) Tj ET Q
q 0 0 0 rg BT 283.89 300.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 293.90 300.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 348.80 300.90 Td (fees ) Tj ET Q
q 0 0 0 rg BT 367.55 300.90 Td (earned ) Tj ET Q
q 0 0 0 rg BT 397.37 300.90 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 438.28 300.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 450.63 300.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 476.97 300.90 Td (managed ) Tj ET Q
q 0 0 0 rg BT 516.71 300.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 529.05 300.90 Td (EnT) Tj ET Q
q 0 0 0 rg BT 546.76 300.90 Td (rust ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.30 Td (Global, ) Tj ET Q
q 0 0 0 rg BT 83.53 288.30 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 117.86 288.30 Td (Partners, ) Tj ET Q
q 0 0 0 rg BT 157.51 288.30 Td (W) Tj ET Q
q 0 0 0 rg BT 166.58 288.30 Td (estern ) Tj ET Q
q 0 0 0 rg BT 193.86 288.30 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 220.02 288.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 238.01 288.30 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 268.84 288.30 Td (Infrastructure, ) Tj ET Q
q 0 0 0 rg BT 331.43 288.30 Td (of) Tj ET Q
q 0 0 0 rg BT 339.99 288.30 Td (fset ) Tj ET Q
q 0 0 0 rg BT 357.98 288.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 368.98 288.30 Td (part ) Tj ET Q
q 0 0 0 rg BT 388.13 288.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 401.46 288.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 408.95 288.30 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 447.91 288.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 458.91 288.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 514.79 288.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 534.52 288.30 Td (earned ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 61.89 275.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 88.29 275.70 Td (managed ) Tj ET Q
q 0 0 0 rg BT 128.08 275.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 140.48 275.70 Td (Brandywine. ) Tj ET Q
q 0 0 0 rg BT 196.32 275.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 198.07 275.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 216.29 275.70 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 254.32 275.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 264.39 275.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 319.33 275.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 338.13 275.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 355.77 275.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 378.07 275.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 393.38 275.70 Td (passed ) Tj ET Q
q 0 0 0 rg BT 423.27 275.70 Td (through ) Tj ET Q
q 0 0 0 rg BT 457.82 275.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 468.47 275.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 528.68 275.70 Td (expense ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.64 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.36 263.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 101.32 263.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 129.29 263.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 159.58 263.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 175.60 263.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 202.12 263.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 221.35 263.10 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 263.31 263.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 281.37 263.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 292.43 263.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 305.24 263.10 Td (aggregate ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
348.94 270.38 123.25 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 348.94 263.10 Td ($83.2 ) Tj ET Q
q 0 0 0 rg BT 375.46 263.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 408.69 263.10 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 447.72 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 458.78 263.10 Td (per) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 472.19 263.10 Td (formance ) Tj ET Q
q 0 0 0 rg BT 514.72 263.10 Td (fees ) Tj ET Q
q 0 0 0 rg BT 534.52 263.10 Td (earned ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.63 250.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 89.75 250.50 Td (managed ) Tj ET Q
q 0 0 0 rg BT 130.27 250.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 143.40 250.50 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 174.60 250.50 Td (Currie, ) Tj ET Q
q 0 0 0 rg BT 206.49 250.50 Td (W) Tj ET Q
q 0 0 0 rg BT 215.56 250.50 Td (estern ) Tj ET Q
q 0 0 0 rg BT 242.67 250.50 Td (Asset, ) Tj ET Q
q 0 0 0 rg BT 271.26 250.50 Td (EnT) Tj ET Q
q 0 0 0 rg BT 288.97 250.50 Td (rust ) Tj ET Q
q 0 0 0 rg BT 307.34 250.50 Td (Global ) Tj ET Q
q 0 0 0 rg BT 338.55 250.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 356.33 250.50 Td (Brandywine.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 104.65 225.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.61 225.30 Td (Service ) Tj ET Q
q 0 0 0 rg BT 157.72 225.30 Td (Fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.70 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.18 212.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.10 212.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 104.27 212.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 132.43 212.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 162.93 212.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 179.15 212.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 205.87 212.70 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 259.72 212.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 277.97 212.70 Td (service ) Tj ET Q
q 0 0 0 rg BT 310.80 212.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 330.80 212.70 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 375.28 212.70 Td ($32.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 398.90 212.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 402.00 212.70 Td (million, ) Tj ET Q
q 0 0 0 rg BT 438.05 212.70 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.89 212.70 Td (1) Tj ET Q
q 0 0 0 rg BT 454.75 212.70 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.00 212.70 Td (%, ) Tj ET Q
q 0 0 0 rg BT 474.47 212.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.73 212.70 Td ($270.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 514.61 212.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 517.70 212.70 Td (million, ) Tj ET Q
q 0 0 0 rg BT 553.76 212.70 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (compared ) Tj ET Q
q 0 0 0 rg BT 93.23 200.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 103.73 200.10 Td ($303.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 132.61 200.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 134.94 200.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 167.62 200.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 182.20 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.36 200.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 217.76 200.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 245.17 200.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 274.91 200.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 290.37 200.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 316.33 200.10 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 358.89 200.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 365.89 200.10 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 407.88 200.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 418.38 200.10 Td (average ) Tj ET Q
q 0 0 0 rg BT 453.36 200.10 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 484.85 200.10 Td (fund ) Tj ET Q
q 0 0 0 rg BT 505.92 200.10 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 532.76 200.10 Td (subject ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.78 187.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 110.31 187.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 127.58 187.50 Td (service ) Tj ET Q
q 0 0 0 rg BT 159.42 187.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 178.44 187.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 195.71 187.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 202.48 187.50 Td (shift ) Tj ET Q
q 0 0 0 rg BT 223.26 187.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 233.54 187.50 Td (average ) Tj ET Q
q 0 0 0 rg BT 267.82 187.50 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 294.44 187.50 Td (subject ) Tj ET Q
q 0 0 0 rg BT 326.29 187.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 336.57 187.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 387.10 187.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 404.37 187.50 Td (service ) Tj ET Q
q 0 0 0 rg BT 436.22 187.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 455.23 187.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 465.51 187.50 Td (lower ) Tj ET Q
q 0 0 0 rg BT 491.53 187.50 Td (fee ) Tj ET Q
q 0 0 0 rg BT 506.46 187.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 530.72 187.50 Td (classes, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.87 174.90 Td (previously ) Tj ET Q
q 0 0 0 rg BT 107.83 174.90 Td (discussed. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.44 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.62 149.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 105.03 149.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 133.46 149.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 164.21 149.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 180.69 149.70 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 207.66 149.70 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 261.77 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 280.28 149.70 Td (service ) Tj ET Q
q 0 0 0 rg BT 313.36 149.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 333.62 149.70 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 378.35 149.70 Td ($18.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.98 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 405.33 149.70 Td (million, ) Tj ET Q
q 0 0 0 rg BT 441.64 149.70 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.74 149.70 Td (6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.99 149.70 Td (%, ) Tj ET Q
q 0 0 0 rg BT 473.71 149.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.23 149.70 Td ($303.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 514.10 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 517.45 149.70 Td (million, ) Tj ET Q
q 0 0 0 rg BT 553.77 149.70 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (compared ) Tj ET Q
q 0 0 0 rg BT 93.50 137.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 104.26 137.10 Td ($321.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 133.14 137.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 135.74 137.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 168.68 137.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 183.52 137.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 198.95 137.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 219.62 137.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 247.29 137.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 277.30 137.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 293.02 137.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 319.25 137.10 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 360.92 137.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 378.68 137.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 389.45 137.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 396.71 137.10 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 438.97 137.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 449.73 137.10 Td (average ) Tj ET Q
q 0 0 0 rg BT 484.97 137.10 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 516.74 137.10 Td (fund ) Tj ET Q
q 0 0 0 rg BT 538.01 137.10 Td (AUM ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (subject ) Tj ET Q
q 0 0 0 rg BT 81.87 124.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 92.66 124.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 143.71 124.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 161.49 124.50 Td (service ) Tj ET Q
q 0 0 0 rg BT 193.85 124.50 Td (fees. ) Tj ET Q
endstream
endobj
105 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 106 0 R>>
endobj
106 0 obj
<</Length 21729>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (50) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 98.21 741.90 Td (Expenses) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.18 729.30 Td (components ) Tj ET Q
q 0 0 0 rg BT 121.29 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.22 729.30 Td (T) Tj ET Q
q 0 0 0 rg BT 137.90 729.30 Td (otal ) Tj ET Q
q 0 0 0 rg BT 156.01 729.30 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 200.35 729.30 Td (Expenses ) Tj ET Q
q 0 0 0 rg BT 242.37 729.30 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 256.40 729.30 Td (millions\), ) Tj ET Q
q 0 0 0 rg BT 299.30 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 316.82 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 332.01 729.30 Td (dollar ) Tj ET Q
q 0 0 0 rg BT 358.86 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 376.38 729.30 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 424.21 729.30 Td (changes ) Tj ET Q
q 0 0 0 rg BT 460.39 729.30 Td (between ) Tj ET Q
q 0 0 0 rg BT 497.73 729.30 Td (periods ) Tj ET Q
q 0 0 0 rg BT 531.00 729.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 553.76 729.30 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
215 680.2 m
263 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
263 680.2 m
267 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
267 680.2 m
315 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315 680.2 m
319 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319 680.2 m
368 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
372 680.2 m
424 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 680.2 m
468 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
472 680.2 m
523 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
523 680.2 m
563 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 654.2 m
211 654.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
215 654.2 m
263 654.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
267 680.2 m
315 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
267 654.2 m
315 654.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315 680.2 m
319 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319 680.2 m
368 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319 654.2 m
368 654.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
372 654.2 m
424 654.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 654.2 m
468 654.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
472 654.2 m
523 654.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
523 680.2 m
563 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
523 654.2 m
563 654.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 522.2 m
211 522.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
215 522.2 m
263 522.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
267 522.2 m
315 522.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319 522.2 m
368 522.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
372 522.2 m
424 522.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
472 522.2 m
523 522.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 507.2 m
211 507.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
215 507.2 m
263 507.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
267 522.2 m
315 522.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
267 507.2 m
315 507.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319 522.2 m
368 522.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319 507.2 m
368 507.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
372 507.2 m
424 507.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
472 507.2 m
523 507.2 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 241.65 684.97 Td (Y) Tj ET Q
q 0 0 0 rg BT 248.71 684.97 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 378.15 695.49 Td (2020 Compar) Tj ET Q
q 0 0 0 rg BT 439.01 695.49 Td (ed to) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 409.00 684.99 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.90 695.47 Td (2019 Compared to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.50 684.97 Td (2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 228.00 658.99 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.00 658.97 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 332.50 658.97 Td (2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 394.85 669.49 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 378.95 658.99 Td ( Change) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 440.25 669.49 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 428.25 658.99 Td (Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.35 669.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.65 658.97 Td ( Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.10 669.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 526.45 658.97 Td (Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 643.97 Td (Compensation and benefits) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 217.50 643.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 227.50 643.99 Td (1,436.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 269.50 643.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.50 643.97 Td (1,399.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.50 643.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 332.50 643.97 Td (1,508.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 374.50 643.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.60 643.99 Td (37.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.75 643.99 Td (3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.00 643.99 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.50 643.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 491.85 643.97 Td (\(109.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.00 643.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.50 643.97 Td (\(7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 643.97 Td (\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 628.97 Td (Distribution and servicing) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 235.35 628.99 Td (413.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.35 628.97 Td (439.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.35 628.97 Td (489.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 398.10 628.99 Td (\(26.1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 628.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 448.25 628.99 Td (\(6) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.00 628.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.10 628.97 Td (\(50.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.00 628.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.25 628.97 Td (\(10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 628.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 613.97 Td (Communications and technology) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 235.35 613.99 Td (225.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.35 613.97 Td (228.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.35 613.97 Td (212.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 403.35 613.99 Td (\(2.7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 613.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 448.25 613.99 Td (\(1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.00 613.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.60 613.97 Td (15.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 545.00 613.97 Td (7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 598.97 Td (Occupancy) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 235.35 598.99 Td (1) Tj ET Q
q 0 0 0 rg BT 240.60 598.99 Td (10.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.35 598.97 Td (105.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.35 598.97 Td (100.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.85 598.99 Td (5.1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.75 598.99 Td (5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.85 598.97 Td (4.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 545.00 598.97 Td (4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 583.97 Td (Amortization of intangible assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 240.60 583.99 Td (22.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 292.60 583.97 Td (24.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.60 583.97 Td (24.6) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 403.35 583.99 Td (\(1.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 583.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 448.25 583.99 Td (\(8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.00 583.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.35 583.97 Td (\(0.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.00 583.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.50 583.97 Td (\(1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 583.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 567.97 Td (Impairment of intangible assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 248.50 567.99 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.35 567.97 Td (365.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.35 567.97 Td (229.0) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 392.85 567.99 Td (\(365.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 567.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 446.95 567.99 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.35 567.97 Td (136.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.75 567.97 Td (59) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 552.47 Td (Contingent consideration fair value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.00 541.97 Td (adjustments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 242.35 541.99 Td (\(0.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 259.00 541.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 297.85 541.97 Td (0.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.10 541.97 Td (\(31.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 364.00 541.97 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 403.35 541.99 Td (\(1.5) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 541.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 446.95 541.99 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.60 541.97 Td (31.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.15 541.97 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 526.97 Td (Other) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 235.35 526.99 Td (209.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.35 526.97 Td (238.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.35 526.97 Td (282.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 398.10 526.99 Td (\(28.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 526.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 443.00 526.99 Td (\(12) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.00 526.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.10 526.97 Td (\(44.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.00 526.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.25 526.97 Td (\(16) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 526.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 511.97 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 511.97 Td (otal Operating Expenses) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 217.50 511.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 227.50 511.99 Td (2,417.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 269.50 511.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.50 511.97 Td (2,800.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.50 511.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 332.50 511.97 Td (2,816.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 374.50 511.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 392.85 511.99 Td (\(383.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 511.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 443.00 511.99 Td (\(14) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.00 511.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.50 511.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.10 511.97 Td (\(16.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.00 511.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.50 511.97 Td (\(1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 511.97 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 498.10 Td (n/m ) Tj ET Q
q 0 0 0 rg BT 63.95 498.10 Td (- ) Tj ET Q
q 0 0 0 rg BT 68.61 498.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 80.83 498.10 Td (meaningful) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 475.90 Td (T) Tj ET Q
q 0 0 0 rg BT 55.18 475.90 Td (otal ) Tj ET Q
q 0 0 0 rg BT 72.60 475.90 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 116.25 475.90 Td (Expenses ) Tj ET Q
q 0 0 0 rg BT 157.58 475.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 171.50 475.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.00 475.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 205.74 475.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 232.48 475.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 261.56 475.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 276.35 475.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 301.65 475.90 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 344.71 475.90 Td ($383.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.58 475.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 375.25 475.90 Td (million, ) Tj ET Q
q 0 0 0 rg BT 409.89 475.90 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.30 475.90 Td (14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.80 475.90 Td (%, ) Tj ET Q
q 0 0 0 rg BT 443.85 475.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.69 475.90 Td ($2.42) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.31 475.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 478.98 475.90 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 510.70 475.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 521.12 475.90 Td (compared ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 463.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.73 463.30 Td ($2.80) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.35 463.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 87.41 463.30 Td (billion ) Tj ET Q
q 0 0 0 rg BT 117.90 463.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 133.20 463.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.09 463.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 170.22 463.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 198.35 463.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 228.82 463.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 245.00 463.30 Td (2019; ) Tj ET Q
q 0 0 0 rg BT 271.98 463.30 Td (and, ) Tj ET Q
q 0 0 0 rg BT 292.83 463.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 308.13 463.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.02 463.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 345.15 463.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 373.28 463.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 403.75 463.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 419.93 463.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 446.62 463.30 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 491.07 463.30 Td ($16.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 514.69 463.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 517.75 463.30 Td (million, ) Tj ET Q
q 0 0 0 rg BT 553.78 463.30 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 450.70 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.75 450.70 Td (%, ) Tj ET Q
q 0 0 0 rg BT 69.33 450.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 80.71 450.70 Td ($2.80) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 104.34 450.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 107.55 450.70 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 140.81 450.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 152.77 450.70 Td (compared ) Tj ET Q
q 0 0 0 rg BT 197.37 450.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 208.75 450.70 Td ($2.82) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 232.38 450.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 235.59 450.70 Td (billion ) Tj ET Q
q 0 0 0 rg BT 266.22 450.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 281.68 450.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 297.72 450.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 319.00 450.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 347.28 450.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 377.90 450.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 394.23 450.70 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 420.36 450.70 Td (As ) Tj ET Q
q 0 0 0 rg BT 435.24 450.70 Td (further ) Tj ET Q
q 0 0 0 rg BT 467.02 450.70 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 510.48 450.70 Td (below) Tj ET Q
q 0 0 0 rg BT 535.46 450.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 541.07 450.70 Td (T) Tj ET Q
q 0 0 0 rg BT 546.75 450.70 Td (otal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 438.10 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 93.31 438.10 Td (Expenses ) Tj ET Q
q 0 0 0 rg BT 134.80 438.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 148.87 438.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.53 438.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 187.52 438.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 214.42 438.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 243.65 438.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 258.60 438.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 284.06 438.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 301.05 438.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 326.50 438.10 Td (included ) Tj ET Q
q 0 0 0 rg BT 364.49 438.10 Td ($365.2 ) Tj ET Q
q 0 0 0 rg BT 395.19 438.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 427.36 438.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 444.35 438.10 Td ($229.0 ) Tj ET Q
q 0 0 0 rg BT 475.05 438.10 Td (million, ) Tj ET Q
q 0 0 0 rg BT 509.84 438.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.89 438.10 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 425.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.98 425.50 Td (char) Tj ET Q
q 0 0 0 rg BT 78.86 425.50 Td (ges ) Tj ET Q
q 0 0 0 rg BT 95.59 425.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 110.56 425.50 Td (impairments ) Tj ET Q
q 0 0 0 rg BT 165.79 425.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 177.27 425.50 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 221.99 425.50 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 251.85 425.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 254.38 425.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 273.44 425.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 294.24 425.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 322.05 425.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 352.18 425.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 368.04 425.50 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 394.40 425.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 414.05 425.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 452.94 425.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 460.33 425.50 Td ($67.0 ) Tj ET Q
q 0 0 0 rg BT 486.69 425.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 519.76 425.50 Td (char) Tj ET Q
q 0 0 0 rg BT 537.64 425.50 Td (ge ) Tj ET Q
q 0 0 0 rg BT 550.28 425.50 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 412.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 412.90 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 110.73 412.90 Td (matter ) Tj ET Q
q 0 0 0 rg BT 140.17 412.90 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 183.05 412.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 193.84 412.90 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 216.87 412.90 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 222.12 412.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 224.75 412.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 236.12 412.90 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 263.24 412.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 274.04 412.90 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 332.07 412.90 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 373.77 412.90 Td (Statements.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 387.70 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 94.53 387.70 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 135.48 387.70 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 173.50 387.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 184.12 387.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.99 387.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 249.11 387.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 305.80 387.70 Td (af) Tj ET Q
q 0 0 0 rg BT 313.77 387.70 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 341.30 387.70 Td (level ) Tj ET Q
q 0 0 0 rg BT 364.75 387.70 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 411.53 387.70 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 475.22 387.70 Td (70%, ) Tj ET Q
q 0 0 0 rg BT 500.14 387.70 Td (70%, ) Tj ET Q
q 0 0 0 rg BT 525.05 387.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 543.26 387.70 Td (65% ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 375.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 63.48 375.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.05 375.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 101.94 375.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 128.75 375.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 157.90 375.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 172.76 375.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 198.13 375.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 223.49 375.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 240.39 375.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 265.75 375.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 315.80 375.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 320.17 375.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 330.65 375.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 351.05 375.10 Td (operating ) Tj ET Q
q 0 0 0 rg BT 392.45 375.10 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 434.71 375.10 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 477.86 375.10 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 528.00 375.10 Td (char) Tj ET Q
q 0 0 0 rg BT 545.88 375.10 Td (ges, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 362.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 58.54 362.50 Td (any) Tj ET Q
q 0 0 0 rg BT 73.02 362.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 78.08 362.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 97.03 362.50 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 142.22 362.50 Td (operating ) Tj ET Q
q 0 0 0 rg BT 184.50 362.50 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 225.03 362.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 240.47 362.50 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 282.74 362.50 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 308.99 362.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 351.28 362.50 Td (costs ) Tj ET Q
q 0 0 0 rg BT 374.91 362.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.28 362.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 402.90 362.50 Td (global ) Tj ET Q
q 0 0 0 rg BT 431.77 362.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 482.82 362.50 Td (operations.) Tj ET Q
endstream
endobj
107 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 108 0 R>>
endobj
108 0 obj
<</Length 37078>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (51) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 114.56 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 133.52 741.90 Td (Benefits) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.33 729.30 Td (components ) Tj ET Q
q 0 0 0 rg BT 121.58 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.65 729.30 Td (T) Tj ET Q
q 0 0 0 rg BT 138.33 729.30 Td (otal ) Tj ET Q
q 0 0 0 rg BT 156.58 729.30 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 219.75 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 237.42 729.30 Td (Benefits ) Tj ET Q
q 0 0 0 rg BT 274.92 729.30 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 289.09 729.30 Td (millions\), ) Tj ET Q
q 0 0 0 rg BT 332.14 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 349.80 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.14 729.30 Td (dollar ) Tj ET Q
q 0 0 0 rg BT 392.14 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 409.80 729.30 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 457.78 729.30 Td (changes ) Tj ET Q
q 0 0 0 rg BT 494.10 729.30 Td (between ) Tj ET Q
q 0 0 0 rg BT 531.59 729.30 Td (periods) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (were as follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
235 680.2 m
279 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
279 680.2 m
283 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
283 680.2 m
327 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
327 680.2 m
331 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
331 680.2 m
376 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
380 680.2 m
429 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
429 680.2 m
476 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
480 680.2 m
521 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
521 680.2 m
563 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 656.2 m
231 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
235 656.2 m
279 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
283 680.2 m
327 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
283 656.2 m
327 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
327 680.2 m
331 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
331 680.2 m
376 680.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
331 656.2 m
376 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
380 656.2 m
429 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
429 656.2 m
476 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
480 656.2 m
521 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
521 656.2 m
563 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
283 656.2 m
327 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
331 656.2 m
376 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
380 656.2 m
429 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
429 656.2 m
476 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
480 656.2 m
521 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
521 656.2 m
563 656.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 546.2 m
231 546.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
235 546.2 m
279 546.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
283 546.2 m
327 546.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
331 546.2 m
376 546.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
380 546.2 m
429 546.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
480 546.2 m
521 546.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 532.2 m
231 532.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
235 532.2 m
279 532.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
283 546.2 m
327 546.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
283 532.2 m
327 532.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
331 546.2 m
376 546.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
331 532.2 m
376 532.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
380 532.2 m
429 532.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
480 532.2 m
521 532.2 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 255.65 684.97 Td (Y) Tj ET Q
q 0 0 0 rg BT 262.71 684.97 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 386.15 695.49 Td (2020 Compar) Tj ET Q
q 0 0 0 rg BT 447.01 695.49 Td (ed to) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 417.00 684.99 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.30 695.47 Td (2019 Compared) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.10 684.97 Td (to 2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 246.00 660.99 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.00 660.97 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.50 660.97 Td (2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.35 670.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 385.45 660.09 Td ( Change) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 446.75 670.59 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 434.75 660.09 Td (Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.35 670.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.95 659.92 Td (Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.10 670.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.45 659.92 Td (Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 646.42 Td (Salaries, incentives and benefits) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 237.50 646.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 243.50 646.59 Td (1,345.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 646.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.50 646.42 Td (1,329.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.50 646.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.50 646.42 Td (1,381.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 382.50 646.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.60 646.59 Td (16.5) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 459.75 646.59 Td (1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 465.00 646.59 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 482.50 646.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.10 646.42 Td (\(52.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 646.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.50 646.42 Td (\(4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 646.42 Td (\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 631.97 Td (Strategic restructuring) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.60 631.99 Td (57.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 312.50 631.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.50 631.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.60 631.99 Td (57.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 454.95 631.99 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.50 631.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.15 631.97 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 616.97 Td (Af) Tj ET Q
q 0 0 0 rg BT 69.48 616.97 Td (filiate char) Tj ET Q
q 0 0 0 rg BT 114.48 616.97 Td (ges) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 261.85 616.99 Td (2.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 309.85 616.97 Td (9.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.50 616.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 408.35 616.99 Td (\(6.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 425.00 616.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.00 616.99 Td (\(74) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 465.00 616.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 503.85 616.97 Td (9.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.15 616.97 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 601.97 Td (Acquisition and transition-related costs) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 264.50 601.99 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 309.85 601.97 Td (0.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 358.85 601.97 Td (5.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 408.35 601.99 Td (\(0.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 425.00 601.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 454.95 601.99 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.35 601.97 Td (\(4.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 601.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.25 601.97 Td (\(84) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 601.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 586.97 Td (Performance fee pass through) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.60 586.99 Td (42.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 304.60 586.97 Td (49.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 348.35 586.97 Td (108.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 408.35 586.99 Td (\(7.0) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 425.00 586.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.00 586.99 Td (\(14) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 465.00 586.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.10 586.97 Td (\(59.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 586.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.25 586.97 Td (\(55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 586.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 571.97 Td (Gains \(losses\) on deferred) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 561.47 Td (compensation and seed capital) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 550.97 Td (investments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 253.10 550.99 Td (\(10.6) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 275.00 550.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 304.60 550.97 Td (10.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 353.60 550.97 Td (12.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 403.10 550.99 Td (\(21.0) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 425.00 550.99 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 454.95 550.99 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.35 550.97 Td (\(1.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 550.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.25 550.97 Td (\(15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 550.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 536.42 Td (Compensation and benefits) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 237.50 536.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 243.50 536.59 Td (1,436.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 536.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.50 536.42 Td (1,399.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.50 536.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.50 536.42 Td (1,508.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 382.50 536.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.60 536.59 Td (37.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 459.75 536.59 Td (3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 482.50 536.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 489.85 536.42 Td (\(109.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 536.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.50 536.42 Td (\(7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.25 536.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 523.10 Td (n/m ) Tj ET Q
q 0 0 0 rg BT 63.95 523.10 Td (- ) Tj ET Q
q 0 0 0 rg BT 68.61 523.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 80.83 523.10 Td (meaningful) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 500.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 112.62 500.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 130.24 500.90 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 165.94 500.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 180.64 500.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.93 500.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 216.46 500.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 243.99 500.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 273.85 500.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 289.44 500.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 315.52 500.90 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.63 500.90 Td (3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 362.88 500.90 Td (% ) Tj ET Q
q 0 0 0 rg BT 374.08 500.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.71 500.90 Td ($1.44) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 408.33 500.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 410.79 500.90 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 443.30 500.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 454.50 500.90 Td (compared ) Tj ET Q
q 0 0 0 rg BT 498.36 500.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 508.99 500.90 Td ($1.40) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 532.61 500.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 535.07 500.90 Td (billion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 488.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.35 488.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.78 488.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 100.45 488.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 128.13 488.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 158.14 488.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 173.87 488.30 Td (2019; ) Tj ET Q
q 0 0 0 rg BT 200.39 488.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 218.15 488.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 233.00 488.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 248.43 488.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 269.11 488.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 296.78 488.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 326.79 488.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 342.52 488.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 368.75 488.30 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 412.74 488.30 Td (7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.99 488.30 Td (% ) Tj ET Q
q 0 0 0 rg BT 429.34 488.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.11 488.30 Td ($1.40) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.74 488.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 466.34 488.30 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 498.99 488.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 510.34 488.30 Td (compared ) Tj ET Q
q 0 0 0 rg BT 554.34 488.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 475.70 Td ($1.51) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 73.13 475.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 75.75 475.70 Td (billion ) Tj ET Q
q 0 0 0 rg BT 105.79 475.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 120.66 475.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 136.12 475.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 156.81 475.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 184.51 475.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 214.53 475.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 230.28 475.70 Td (2018:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 450.50 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 450.50 Td (Salaries, ) Tj ET Q
q 0 0 0 rg BT 124.36 450.50 Td (incentives, ) Tj ET Q
q 0 0 0 rg BT 172.56 450.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 190.72 450.50 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 226.96 450.50 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 269.60 450.50 Td ($16.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.23 450.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 296.23 450.50 Td (million, ) Tj ET Q
q 0 0 0 rg BT 332.19 450.50 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 343.35 450.50 Td ($1.35) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.98 450.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 369.98 450.50 Td (billion ) Tj ET Q
q 0 0 0 rg BT 400.40 450.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 415.64 450.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 431.47 450.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 452.54 450.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 480.61 450.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 511.01 450.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 527.14 450.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 553.76 450.50 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 437.90 Td (compared ) Tj ET Q
q 0 0 0 rg BT 130.33 437.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 141.94 437.90 Td ($1.33) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 165.56 437.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 169.00 437.90 Td (billion ) Tj ET Q
q 0 0 0 rg BT 199.85 437.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 215.53 437.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.80 437.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 253.30 437.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 281.81 437.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 312.65 437.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 329.21 437.90 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 356.27 437.90 Td (driven ) Tj ET Q
q 0 0 0 rg BT 386.54 437.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 400.47 437.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 408.57 437.90 Td ($23.7 ) Tj ET Q
q 0 0 0 rg BT 435.63 437.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 469.41 437.90 Td (increase ) Tj ET Q
q 0 0 0 rg BT 507.23 437.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 518.84 437.90 Td (salary ) Tj ET Q
q 0 0 0 rg BT 547.35 437.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 425.30 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 126.02 425.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 186.38 425.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 216.98 425.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 227.19 425.30 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 268.87 425.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 286.07 425.30 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 336.53 425.30 Td (personnel, ) Tj ET Q
q 0 0 0 rg BT 382.01 425.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 423.71 425.30 Td (increased ) Tj ET Q
q 0 0 0 rg BT 465.39 425.30 Td (sales ) Tj ET Q
q 0 0 0 rg BT 487.84 425.30 Td (commissions, ) Tj ET Q
q 0 0 0 rg BT 547.35 425.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 412.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 92.98 412.70 Td ($21.6 ) Tj ET Q
q 0 0 0 rg BT 119.42 412.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 152.58 412.70 Td (increase ) Tj ET Q
q 0 0 0 rg BT 189.79 412.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 200.77 412.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 216.42 412.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 277.55 412.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 287.95 412.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 336.84 412.70 Td (af) Tj ET Q
q 0 0 0 rg BT 344.81 412.70 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 378.83 412.70 Td (driven ) Tj ET Q
q 0 0 0 rg BT 408.47 412.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 421.79 412.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 434.52 412.70 Td (increase ) Tj ET Q
q 0 0 0 rg BT 471.73 412.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 482.71 412.70 Td (operating ) Tj ET Q
q 0 0 0 rg BT 525.18 412.70 Td (revenues ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 400.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 94.68 400.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 124.85 400.10 Td (af) Tj ET Q
q 0 0 0 rg BT 132.82 400.10 Td (filiates. ) Tj ET Q
q 0 0 0 rg BT 165.62 400.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 167.23 400.10 Td (Increases ) Tj ET Q
q 0 0 0 rg BT 207.89 400.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 217.66 400.10 Td (operating ) Tj ET Q
q 0 0 0 rg BT 258.92 400.10 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 297.84 400.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 307.03 400.10 Td (revenue-share ) Tj ET Q
q 0 0 0 rg BT 367.51 400.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 393.02 400.10 Td (af) Tj ET Q
q 0 0 0 rg BT 400.99 400.10 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 431.17 400.10 Td (typically ) Tj ET Q
q 0 0 0 rg BT 469.52 400.10 Td (create ) Tj ET Q
q 0 0 0 rg BT 496.18 400.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 502.44 400.10 Td (corresponding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 387.50 Td (increase ) Tj ET Q
q 0 0 0 rg BT 124.80 387.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 137.88 387.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 201.11 387.50 Td (per ) Tj ET Q
q 0 0 0 rg BT 219.43 387.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 237.17 387.50 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 285.23 387.50 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 323.37 387.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 350.43 387.50 Td (agreements. ) Tj ET Q
q 0 0 0 rg BT 404.70 387.50 Td (A) Tj ET Q
q 0 0 0 rg BT 411.70 387.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 416.61 387.50 Td ($7.5 ) Tj ET Q
q 0 0 0 rg BT 439.90 387.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 475.15 387.50 Td (increase ) Tj ET Q
q 0 0 0 rg BT 514.45 387.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 527.53 387.50 Td (deferred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 374.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 145.32 374.90 Td (expense ) Tj ET Q
q 0 0 0 rg BT 180.64 374.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 197.30 374.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 206.97 374.90 Td (higher ) Tj ET Q
q 0 0 0 rg BT 235.30 374.90 Td (annual ) Tj ET Q
q 0 0 0 rg BT 264.79 374.90 Td (acceleration ) Tj ET Q
q 0 0 0 rg BT 317.00 374.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.25 374.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 358.49 374.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 372.23 374.90 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 416.88 374.90 Td (eligible ) Tj ET Q
q 0 0 0 rg BT 449.87 374.90 Td (employees ) Tj ET Q
q 0 0 0 rg BT 496.27 374.90 Td (also ) Tj ET Q
q 0 0 0 rg BT 514.69 374.90 Td (contributed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 362.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 96.29 362.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 111.75 362.30 Td (increase. ) Tj ET Q
q 0 0 0 rg BT 151.39 362.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 153.82 362.30 Td (These ) Tj ET Q
q 0 0 0 rg BT 181.52 362.30 Td (increases ) Tj ET Q
q 0 0 0 rg BT 222.63 362.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 245.65 362.30 Td (of) Tj ET Q
q 0 0 0 rg BT 254.21 362.30 Td (fset ) Tj ET Q
q 0 0 0 rg BT 271.99 362.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 282.79 362.30 Td (part ) Tj ET Q
q 0 0 0 rg BT 301.74 362.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 314.86 362.30 Td ($34.7 ) Tj ET Q
q 0 0 0 rg BT 341.11 362.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 374.07 362.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 384.87 362.30 Td (savings ) Tj ET Q
q 0 0 0 rg BT 418.99 362.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 442.03 362.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 458.65 362.30 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 496.84 362.30 Td (restructuring.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 349.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 337.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 337.10 Td (Salaries, ) Tj ET Q
q 0 0 0 rg BT 124.26 337.10 Td (incentives, ) Tj ET Q
q 0 0 0 rg BT 172.35 337.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 190.41 337.10 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 226.55 337.10 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 270.83 337.10 Td ($52.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.46 337.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 297.35 337.10 Td (million, ) Tj ET Q
q 0 0 0 rg BT 333.21 337.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 344.28 337.10 Td ($1.33) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 367.90 337.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 370.80 337.10 Td (billion ) Tj ET Q
q 0 0 0 rg BT 401.12 337.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 416.26 337.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 431.98 337.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 452.95 337.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 480.91 337.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 511.22 337.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 527.24 337.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 553.76 337.10 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 324.50 Td (compared ) Tj ET Q
q 0 0 0 rg BT 128.61 324.50 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 138.50 324.50 Td ($1.38) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 162.12 324.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 163.84 324.50 Td (billion ) Tj ET Q
q 0 0 0 rg BT 192.98 324.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 206.94 324.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 221.49 324.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 241.27 324.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 268.06 324.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 297.18 324.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 312.03 324.50 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 337.37 324.50 Td (driven ) Tj ET Q
q 0 0 0 rg BT 365.91 324.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 378.13 324.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 384.51 324.50 Td ($47.9 ) Tj ET Q
q 0 0 0 rg BT 409.85 324.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 441.91 324.50 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 479.76 324.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 489.64 324.50 Td (net ) Tj ET Q
q 0 0 0 rg BT 504.19 324.50 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 311.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 102.77 311.90 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 138.11 311.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 147.80 311.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 195.98 311.90 Td (af) Tj ET Q
q 0 0 0 rg BT 203.95 311.90 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 237.25 311.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 265.02 311.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 283.46 311.90 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 324.64 311.90 Td (driven ) Tj ET Q
q 0 0 0 rg BT 353.57 311.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 366.17 311.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 381.11 311.90 Td (impact ) Tj ET Q
q 0 0 0 rg BT 411.79 311.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 422.64 311.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 437.57 311.90 Td (previously ) Tj ET Q
q 0 0 0 rg BT 484.01 311.90 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 526.36 311.90 Td (decrease ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 299.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 96.29 299.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 151.97 299.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 171.50 299.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 189.87 299.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 205.31 299.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 221.35 299.30 Td (passed ) Tj ET Q
q 0 0 0 rg BT 251.97 299.30 Td (through ) Tj ET Q
q 0 0 0 rg BT 287.26 299.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 298.63 299.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 359.58 299.30 Td (expense.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 274.10 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 274.10 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 126.45 274.10 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 183.72 274.10 Td (costs ) Tj ET Q
q 0 0 0 rg BT 208.35 274.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 220.72 274.10 Td ($57.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.34 274.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 247.97 274.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 281.93 274.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 297.80 274.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 314.25 274.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 335.94 274.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 364.64 274.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 395.67 274.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 412.42 274.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 439.67 274.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 463.70 274.10 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 506.40 274.10 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 553.76 274.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 261.50 Td (employee ) Tj ET Q
q 0 0 0 rg BT 129.72 261.50 Td (termination ) Tj ET Q
q 0 0 0 rg BT 181.53 261.50 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 214.09 261.50 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 241.12 261.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 284.19 261.50 Td (severance ) Tj ET Q
q 0 0 0 rg BT 328.98 261.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 347.54 261.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.77 261.50 Td (acceleration ) Tj ET Q
q 0 0 0 rg BT 417.89 261.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 430.04 261.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 468.42 261.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 530.14 261.50 Td (awards. ) Tj ET Q
q 0 0 0 rg BT 565.13 261.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 248.90 Td (See ) Tj ET Q
q 0 0 0 rg BT 103.29 248.90 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 126.32 248.90 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.82 248.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 139.45 248.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 150.82 248.90 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 177.94 248.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 188.73 248.90 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 246.77 248.90 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 288.47 248.90 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 337.17 248.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 352.04 248.90 Td (additional ) Tj ET Q
q 0 0 0 rg BT 396.66 248.90 Td (information.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 223.70 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 223.70 Td (Af) Tj ET Q
q 0 0 0 rg BT 96.39 223.70 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 123.32 223.70 Td (char) Tj ET Q
q 0 0 0 rg BT 141.20 223.70 Td (ges ) Tj ET Q
q 0 0 0 rg BT 157.64 223.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 168.83 223.70 Td ($2.4 ) Tj ET Q
q 0 0 0 rg BT 189.64 223.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 222.42 223.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 237.11 223.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 252.38 223.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 272.89 223.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 300.40 223.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 330.25 223.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 345.81 223.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 371.88 223.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 394.72 223.70 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 440.90 223.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 452.09 223.70 Td (severance ) Tj ET Q
q 0 0 0 rg BT 495.92 223.70 Td (costs ) Tj ET Q
q 0 0 0 rg BT 519.36 223.70 Td (associated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 211.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 106.79 211.10 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 163.07 211.10 Td (plans ) Tj ET Q
q 0 0 0 rg BT 187.86 211.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 198.06 211.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 229.25 211.10 Td (af) Tj ET Q
q 0 0 0 rg BT 237.22 211.10 Td (filiates.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 185.90 Td (Af) Tj ET Q
q 0 0 0 rg BT 96.39 185.90 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 123.56 185.90 Td (char) Tj ET Q
q 0 0 0 rg BT 141.43 185.90 Td (ges ) Tj ET Q
q 0 0 0 rg BT 158.11 185.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 169.53 185.90 Td ($9.3 ) Tj ET Q
q 0 0 0 rg BT 190.59 185.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 223.60 185.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 238.52 185.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.03 185.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 274.77 185.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 302.52 185.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 332.60 185.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 348.41 185.90 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 374.71 185.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 397.79 185.90 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 444.21 185.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 455.63 185.90 Td ($6.9 ) Tj ET Q
q 0 0 0 rg BT 476.68 185.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 509.70 185.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 521.12 185.90 Td (severance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 173.30 Td (costs ) Tj ET Q
q 0 0 0 rg BT 109.38 173.30 Td (associated ) Tj ET Q
q 0 0 0 rg BT 155.41 173.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 176.96 173.30 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 233.49 173.30 Td (plans ) Tj ET Q
q 0 0 0 rg BT 258.54 173.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 269.00 173.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 300.44 173.30 Td (af) Tj ET Q
q 0 0 0 rg BT 308.41 173.30 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 339.87 173.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 357.91 173.30 Td ($2.4 ) Tj ET Q
q 0 0 0 rg BT 379.17 173.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 412.39 173.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 424.01 173.30 Td (management ) Tj ET Q
q 0 0 0 rg BT 480.54 173.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 509.67 173.30 Td (plan ) Tj ET Q
q 0 0 0 rg BT 530.63 173.30 Td (char) Tj ET Q
q 0 0 0 rg BT 548.50 173.30 Td (ges ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 160.70 Td (associated ) Tj ET Q
q 0 0 0 rg BT 130.90 160.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 151.83 160.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 163.99 160.70 Td (additional ) Tj ET Q
q 0 0 0 rg BT 208.24 160.70 Td (grant ) Tj ET Q
q 0 0 0 rg BT 232.07 160.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 243.07 160.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 271.57 160.70 Td (units ) Tj ET Q
q 0 0 0 rg BT 294.24 160.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 320.41 160.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 335.49 160.70 Td (Royce ) Tj ET Q
q 0 0 0 rg BT 364.57 160.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 420.47 160.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 448.97 160.70 Td (plan. ) Tj ET Q
q 0 0 0 rg BT 471.92 160.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 474.18 160.70 Td (See ) Tj ET Q
q 0 0 0 rg BT 491.59 160.70 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 514.26 160.70 Td (12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.76 160.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 527.01 160.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 538.01 160.70 Td (Notes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 148.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 96.29 148.10 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 154.33 148.10 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 196.03 148.10 Td (Statement ) Tj ET Q
q 0 0 0 rg BT 240.65 148.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 255.52 148.10 Td (additional ) Tj ET Q
q 0 0 0 rg BT 300.13 148.10 Td (information ) Tj ET Q
q 0 0 0 rg BT 352.33 148.10 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 395.19 148.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 451.46 148.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 480.33 148.10 Td (plans.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 122.90 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 122.90 Td (Acquisition ) Tj ET Q
q 0 0 0 rg BT 136.61 122.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 153.89 122.90 Td (transition-related ) Tj ET Q
q 0 0 0 rg BT 227.72 122.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 250.83 122.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 265.19 122.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.13 122.90 Td (years ) Tj ET Q
q 0 0 0 rg BT 304.40 122.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 331.58 122.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 361.10 122.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 376.33 122.90 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 399.45 122.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 416.72 122.90 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 442.46 122.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 464.97 122.90 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 510.82 122.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 521.68 122.90 Td (employee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 110.30 Td (termination ) Tj ET Q
q 0 0 0 rg BT 136.20 110.30 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 167.64 110.30 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 193.56 110.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 235.52 110.30 Td (severance ) Tj ET Q
q 0 0 0 rg BT 279.20 110.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 296.65 110.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 311.77 110.30 Td (acceleration ) Tj ET Q
q 0 0 0 rg BT 364.78 110.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.82 110.30 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 413.08 110.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 473.70 110.30 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 508.35 110.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 539.21 110.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.67 110.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 97.70 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 141.77 97.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 153.15 97.70 Td (Permal ) Tj ET Q
q 0 0 0 rg BT 185.51 97.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 200.38 97.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 215.84 97.70 Td (combination ) Tj ET Q
q 0 0 0 rg BT 270.95 97.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 292.24 97.70 Td (EnT) Tj ET Q
q 0 0 0 rg BT 309.95 97.70 Td (rust, ) Tj ET Q
q 0 0 0 rg BT 330.95 97.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 359.24 97.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 378.20 97.70 Td (completed ) Tj ET Q
q 0 0 0 rg BT 424.55 97.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 435.35 97.70 Td (June ) Tj ET Q
q 0 0 0 rg BT 457.22 97.70 Td (2018.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 72.50 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.74 72.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.21 72.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 102.93 72.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 130.65 72.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 160.71 72.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 176.48 72.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 202.75 72.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 263.72 72.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 275.12 72.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 282.43 72.50 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 330.55 72.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 341.94 72.50 Td (operating ) Tj ET Q
q 0 0 0 rg BT 384.25 72.50 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 424.21 72.50 Td (increased ) Tj ET Q
q 0 0 0 rg BT 466.50 72.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 477.32 72.50 Td (49.2%, ) Tj ET Q
q 0 0 0 rg BT 509.72 72.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 521.11 72.50 Td (compared ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 59.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.34 59.90 Td (48.2% ) Tj ET Q
q 0 0 0 rg BT 90.14 59.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 105.06 59.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.57 59.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 141.31 59.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 169.06 59.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 199.14 59.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 214.94 59.90 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 241.24 59.90 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 282.99 59.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 300.83 59.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 311.67 59.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 335.35 59.90 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 373.01 59.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 383.85 59.90 Td (connection ) Tj ET Q
q 0 0 0 rg BT 432.59 59.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 453.94 59.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 470.61 59.90 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 508.85 59.90 Td (restructuring ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 47.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.29 47.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.75 47.30 Td (current ) Tj ET Q
q 0 0 0 rg BT 108.10 47.30 Td (year) Tj ET Q
q 0 0 0 rg BT 125.59 47.30 Td (.) Tj ET Q
endstream
endobj
109 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 110 0 R>>
endobj
110 0 obj
<</Length 37938>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (52) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.61 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.95 729.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 102.54 729.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 130.13 729.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 160.06 729.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 175.70 729.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 201.85 729.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 262.69 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 273.96 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 281.14 729.15 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 329.12 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 340.39 729.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 382.56 729.15 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 422.40 729.15 Td (remained ) Tj ET Q
q 0 0 0 rg BT 463.98 729.15 Td (relatively ) Tj ET Q
q 0 0 0 rg BT 506.15 729.15 Td (flat ) Tj ET Q
q 0 0 0 rg BT 522.66 729.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 532.76 729.15 Td (48.2%, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.02 716.55 Td (compared ) Tj ET Q
q 0 0 0 rg BT 105.19 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 116.12 716.55 Td (48.0% ) Tj ET Q
q 0 0 0 rg BT 146.02 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 161.03 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.63 716.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 197.47 716.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 225.31 716.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 255.49 716.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 271.38 716.55 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 297.78 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 309.30 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.90 716.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 356.24 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 367.76 716.55 Td (increased ) Tj ET Q
q 0 0 0 rg BT 410.17 716.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 471.26 716.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 507.85 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 522.87 716.55 Td (corporate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.71 703.95 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 121.18 703.95 Td (personnel, ) Tj ET Q
q 0 0 0 rg BT 168.67 703.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 198.38 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 209.43 703.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 226.89 703.95 Td (directly ) Tj ET Q
q 0 0 0 rg BT 263.01 703.95 Td (tied ) Tj ET Q
q 0 0 0 rg BT 282.81 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 295.02 703.95 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 339.01 703.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 359.38 703.95 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 416.51 703.95 Td (of) Tj ET Q
q 0 0 0 rg BT 425.07 703.95 Td (fset ) Tj ET Q
q 0 0 0 rg BT 444.28 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 458.83 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 475.70 703.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 508.32 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 521.12 703.95 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.17 691.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 124.70 691.35 Td (earned ) Tj ET Q
q 0 0 0 rg BT 155.31 691.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 168.43 691.35 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 202.55 691.35 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 239.59 691.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 257.96 691.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 280.98 691.35 Td (passed ) Tj ET Q
q 0 0 0 rg BT 311.60 691.35 Td (through ) Tj ET Q
q 0 0 0 rg BT 346.89 691.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 358.26 691.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 419.21 691.35 Td (expense.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 104.65 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.61 666.15 Td (Servicing) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.99 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.73 653.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 103.70 653.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 131.68 653.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 161.99 653.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 178.02 653.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 204.55 653.55 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 258.21 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 276.27 653.55 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 317.67 653.55 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 358.48 653.55 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.77 653.55 Td (6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 408.02 653.55 Td (% ) Tj ET Q
q 0 0 0 rg BT 419.67 653.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.75 653.55 Td ($413.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.62 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 462.53 653.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 498.40 653.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 510.05 653.55 Td (compared ) Tj ET Q
q 0 0 0 rg BT 554.35 653.55 Td (to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td ($439.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.38 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 81.15 640.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 114.27 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 129.29 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 144.89 640.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 165.74 640.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 193.59 640.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 223.77 640.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 239.67 640.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 266.07 640.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 307.92 640.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 325.86 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 336.81 640.95 Td (lower ) Tj ET Q
q 0 0 0 rg BT 363.49 640.95 Td (average ) Tj ET Q
q 0 0 0 rg BT 398.30 640.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 425.58 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 436.52 640.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 467.86 640.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 506.80 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 521.82 640.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 550.26 640.95 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (pay ) Tj ET Q
q 0 0 0 rg BT 67.75 628.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 87.74 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 99.00 628.35 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 146.99 628.35 Td (distributors ) Tj ET Q
q 0 0 0 rg BT 197.91 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.16 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 223.91 628.35 Td (shift ) Tj ET Q
q 0 0 0 rg BT 245.66 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 256.92 628.35 Td (average ) Tj ET Q
q 0 0 0 rg BT 291.96 628.35 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 319.56 628.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 352.39 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 363.64 628.35 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 415.15 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 433.40 628.35 Td (service ) Tj ET Q
q 0 0 0 rg BT 466.22 628.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 486.21 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 497.47 628.35 Td (lower ) Tj ET Q
q 0 0 0 rg BT 524.46 628.35 Td (fee ) Tj ET Q
q 0 0 0 rg BT 540.37 628.35 Td (share ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (classes, ) Tj ET Q
q 0 0 0 rg BT 83.91 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 95.28 615.75 Td (previously ) Tj ET Q
q 0 0 0 rg BT 142.23 615.75 Td (discussed. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.70 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.14 590.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 102.82 590.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 130.51 590.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 160.52 590.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 176.26 590.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 202.50 590.55 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 255.87 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 273.64 590.55 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 314.74 590.55 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 355.26 590.55 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.26 590.55 Td (10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 409.76 590.55 Td (% ) Tj ET Q
q 0 0 0 rg BT 421.12 590.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.90 590.55 Td ($439.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.78 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 463.39 590.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 498.97 590.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 510.33 590.55 Td (compared ) Tj ET Q
q 0 0 0 rg BT 554.34 590.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td ($489.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.38 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 81.35 577.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 114.67 577.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 129.89 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.70 577.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 166.75 577.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 194.80 577.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 225.18 577.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 241.28 577.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 267.89 577.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 309.94 577.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 328.08 577.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 339.23 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 355.03 577.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 386.59 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 398.31 577.95 Td (lower ) Tj ET Q
q 0 0 0 rg BT 425.20 577.95 Td (average ) Tj ET Q
q 0 0 0 rg BT 460.82 577.95 Td (fee ) Tj ET Q
q 0 0 0 rg BT 476.61 577.95 Td (rates ) Tj ET Q
q 0 0 0 rg BT 499.42 577.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 520.47 577.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 533.95 577.95 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 88.29 565.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 103.15 565.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 131.44 565.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 146.31 565.35 Td (pay ) Tj ET Q
q 0 0 0 rg BT 164.09 565.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 183.62 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 194.42 565.35 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 241.94 565.35 Td (distributors. ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (Communications ) Tj ET Q
q 0 0 0 rg BT 126.23 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 145.20 540.15 Td (T) Tj ET Q
q 0 0 0 rg BT 150.65 540.15 Td (echnology) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.17 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.08 527.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 101.23 527.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 128.38 527.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 157.87 527.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 173.07 527.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 198.78 527.55 Td (Communications ) Tj ET Q
q 0 0 0 rg BT 272.61 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 289.85 527.55 Td (technology ) Tj ET Q
q 0 0 0 rg BT 338.59 527.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 374.49 527.55 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.96 527.55 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 423.21 527.55 Td (% ) Tj ET Q
q 0 0 0 rg BT 434.03 527.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 444.28 527.55 Td ($225.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 473.16 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 475.24 527.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 510.28 527.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 521.11 527.55 Td (compared ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.29 514.95 Td ($228.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 89.17 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 91.79 514.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 124.75 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 139.62 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.08 514.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 175.77 514.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 203.47 514.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 233.49 514.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 249.24 514.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 275.49 514.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 317.19 514.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 334.98 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 345.77 514.95 Td (savings ) Tj ET Q
q 0 0 0 rg BT 379.90 514.95 Td (associated ) Tj ET Q
q 0 0 0 rg BT 425.67 514.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 446.97 514.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 463.59 514.95 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 501.78 514.95 Td (restructuring.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.27 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.28 489.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 101.53 489.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 128.79 489.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 158.38 489.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 173.69 489.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 199.50 489.75 Td (Communications ) Tj ET Q
q 0 0 0 rg BT 273.43 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 290.77 489.75 Td (technology ) Tj ET Q
q 0 0 0 rg BT 339.61 489.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 375.62 489.75 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.44 489.75 Td (7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.69 489.75 Td (% ) Tj ET Q
q 0 0 0 rg BT 433.62 489.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.98 489.75 Td ($228.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 472.85 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 475.04 489.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 510.18 489.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 521.11 489.75 Td (compared ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.53 477.15 Td ($212.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 89.41 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 92.27 477.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 125.47 477.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 140.58 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.27 477.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 177.20 477.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 205.13 477.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 235.40 477.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 251.39 477.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 277.88 477.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 319.81 477.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 337.84 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 348.87 477.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 361.64 477.15 Td ($1) Tj ET Q
q 0 0 0 rg BT 371.75 477.15 Td (1.2 ) Tj ET Q
q 0 0 0 rg BT 387.74 477.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 420.94 477.15 Td (increase ) Tj ET Q
q 0 0 0 rg BT 458.20 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 469.23 477.15 Td (technology ) Tj ET Q
q 0 0 0 rg BT 518.75 477.15 Td (consulting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 464.55 Td (maintenance ) Tj ET Q
q 0 0 0 rg BT 122.97 464.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 146.59 464.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 177.78 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 188.57 464.55 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 225.62 464.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 278.40 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 289.20 464.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 305.82 464.55 Td (technology ) Tj ET Q
q 0 0 0 rg BT 355.10 464.55 Td (capabilities.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (Occupancy) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.41 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.57 426.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 101.97 426.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 129.36 426.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 159.10 426.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 174.55 426.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 200.50 426.75 Td (Occupancy ) Tj ET Q
q 0 0 0 rg BT 250.05 426.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 286.20 426.75 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.17 426.75 Td (5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.42 426.75 Td (% ) Tj ET Q
q 0 0 0 rg BT 344.50 426.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.99 426.75 Td ($1) Tj ET Q
q 0 0 0 rg BT 365.10 426.75 Td (10.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.48 426.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 385.80 426.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 421.09 426.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 432.17 426.75 Td (compared ) Tj ET Q
q 0 0 0 rg BT 475.89 426.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.39 426.75 Td ($105.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 515.26 426.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 517.59 426.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 550.25 426.75 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.16 414.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 84.05 414.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 110.95 414.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 140.19 414.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 155.14 414.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 180.60 414.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 221.50 414.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 238.49 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 248.49 414.15 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 285.88 414.15 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 341.36 414.15 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 366.82 414.15 Td (lar) Tj ET Q
q 0 0 0 rg BT 377.70 414.15 Td (gely ) Tj ET Q
q 0 0 0 rg BT 397.61 414.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 428.00 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 438.00 414.15 Td (space ) Tj ET Q
q 0 0 0 rg BT 463.15 414.15 Td (vacated ) Tj ET Q
q 0 0 0 rg BT 497.03 414.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 507.03 414.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 522.86 414.15 Td (corporate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (headquarters.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.39 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.53 376.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 101.90 376.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 129.28 376.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 158.99 376.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 174.43 376.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 200.36 376.35 Td (Occupancy ) Tj ET Q
q 0 0 0 rg BT 249.89 376.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 286.02 376.35 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 327.97 376.35 Td (4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.22 376.35 Td (% ) Tj ET Q
q 0 0 0 rg BT 344.27 376.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.74 376.35 Td ($105.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.62 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 385.93 376.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 421.20 376.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 432.25 376.35 Td (compared ) Tj ET Q
q 0 0 0 rg BT 475.95 376.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.43 376.35 Td ($100.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 515.30 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 517.61 376.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 550.25 376.35 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.23 363.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 86.20 363.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 114.18 363.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 144.49 363.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 160.52 363.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 187.05 363.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 229.03 363.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 247.09 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 258.16 363.75 Td (real ) Tj ET Q
q 0 0 0 rg BT 276.80 363.75 Td (estate ) Tj ET Q
q 0 0 0 rg BT 303.61 363.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 335.08 363.75 Td (char) Tj ET Q
q 0 0 0 rg BT 352.96 363.75 Td (ges ) Tj ET Q
q 0 0 0 rg BT 369.86 363.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 418.82 363.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 429.89 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 445.62 363.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 478.26 363.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 499.23 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 510.88 363.75 Td ($5.3 ) Tj ET Q
q 0 0 0 rg BT 532.16 363.75 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (associated ) Tj ET Q
q 0 0 0 rg BT 95.28 351.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 116.57 351.15 Td (vacated ) Tj ET Q
q 0 0 0 rg BT 151.25 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 169.04 351.15 Td (subleased ) Tj ET Q
q 0 0 0 rg BT 212.49 351.15 Td (of) Tj ET Q
q 0 0 0 rg BT 221.04 351.15 Td (fice ) Tj ET Q
q 0 0 0 rg BT 239.40 351.15 Td (space, ) Tj ET Q
q 0 0 0 rg BT 267.97 351.15 Td (principally ) Tj ET Q
q 0 0 0 rg BT 316.08 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 326.88 351.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 343.50 351.15 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 385.77 351.15 Td (headquarters.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (Impairment ) Tj ET Q
q 0 0 0 rg BT 103.47 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 114.84 325.95 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 162.00 325.95 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (Impairment ) Tj ET Q
q 0 0 0 rg BT 102.02 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 114.30 313.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 159.83 313.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 187.86 313.35 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 207.73 313.35 Td ($365.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 236.60 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 240.14 313.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 276.63 313.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 295.33 313.35 Td ($229.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 324.20 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 327.74 313.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 361.61 313.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 377.39 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 393.75 313.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 419.44 313.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 448.05 313.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 478.99 313.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 495.65 313.35 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 520.18 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 538.88 313.35 Td (2018, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 99.55 300.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 104.80 300.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.23 275.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 121.05 275.55 Td (char) Tj ET Q
q 0 0 0 rg BT 138.92 275.55 Td (ges ) Tj ET Q
q 0 0 0 rg BT 156.33 275.55 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 205.79 275.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 236.62 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 252.85 275.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 274.33 275.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 302.81 275.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 333.62 275.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 350.15 275.55 Td (2019 ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 374.56 275.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 397.24 275.55 Td (comprised ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 442.14 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 454.29 275.55 Td ($274.6 ) Tj ET Q
q 0 0 0 rg BT 486.58 275.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 520.32 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 538.89 275.55 Td ($18.2 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 83.01 262.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 114.74 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 126.08 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 142.08 262.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 159.79 262.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 178.71 262.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 210.45 262.95 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 271.35 262.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 293.77 262.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 350.58 262.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 391.65 262.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 415.23 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 433.56 262.95 Td (trade ) Tj ET Q
q 0 0 0 rg BT 457.72 262.95 Td (name ) Tj ET Q
q 0 0 0 rg BT 483.63 262.95 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 509.83 262.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.88 262.95 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.09 250.35 Td ($65.0 ) Tj ET Q
q 0 0 0 rg BT 91.14 250.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 125.53 250.35 Td ($6.4 ) Tj ET Q
q 0 0 0 rg BT 145.33 250.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 179.72 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 196.31 250.35 Td ($1.0 ) Tj ET Q
q 0 0 0 rg BT 216.11 250.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 247.87 250.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 277.86 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 287.46 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.71 250.35 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 331.14 250.35 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 389.71 250.35 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 448.86 250.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 469.53 250.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 524.60 250.35 Td (contracts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 75.80 237.75 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 128.62 237.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 151.13 237.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 208.04 237.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 249.20 237.75 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 275.50 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 293.93 237.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 318.18 237.75 Td (name ) Tj ET Q
q 0 0 0 rg BT 344.18 237.75 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 370.48 237.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 420.52 237.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 426.18 237.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 445.76 237.75 Td (impairments ) Tj ET Q
q 0 0 0 rg BT 501.52 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 512.95 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.04 237.75 Td (EnT) Tj ET Q
q 0 0 0 rg BT 546.75 237.75 Td (rust ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (Global ) Tj ET Q
q 0 0 0 rg BT 80.92 225.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 108.26 225.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 131.50 225.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 173.41 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.08 225.15 Td (result ) Tj ET Q
q 0 0 0 rg BT 215.25 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 226.84 225.15 Td (continued ) Tj ET Q
q 0 0 0 rg BT 271.08 225.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 286.75 225.15 Td (client ) Tj ET Q
q 0 0 0 rg BT 312.92 225.15 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 352.51 225.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 375.76 225.15 Td (legacy ) Tj ET Q
q 0 0 0 rg BT 406.00 225.15 Td (high ) Tj ET Q
q 0 0 0 rg BT 427.51 225.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 443.17 225.15 Td (worth ) Tj ET Q
q 0 0 0 rg BT 470.51 225.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 492.60 225.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 531.60 225.15 Td (leading ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.38 212.55 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 96.32 212.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 128.78 212.55 Td (expectations ) Tj ET Q
q 0 0 0 rg BT 183.97 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 194.85 212.55 Td (both ) Tj ET Q
q 0 0 0 rg BT 216.23 212.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 272.59 212.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 292.21 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 310.08 212.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 365.84 212.55 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 388.08 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 395.46 212.55 Td (declining ) Tj ET Q
q 0 0 0 rg BT 437.24 212.55 Td (mar) Tj ET Q
q 0 0 0 rg BT 453.38 212.55 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 472.13 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 490.01 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 497.38 212.55 Td (higher ) Tj ET Q
q 0 0 0 rg BT 526.92 212.55 Td (discount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (rate. ) Tj ET Q
q 0 0 0 rg BT 70.81 199.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 90.31 199.95 Td (impairments ) Tj ET Q
q 0 0 0 rg BT 145.97 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 157.31 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 173.32 199.95 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 204.50 199.95 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 264.81 199.95 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 325.71 199.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 348.13 199.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 404.95 199.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 446.02 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 464.36 199.95 Td (trade ) Tj ET Q
q 0 0 0 rg BT 488.52 199.95 Td (name ) Tj ET Q
q 0 0 0 rg BT 514.43 199.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 542.11 199.95 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 90.97 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.19 187.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 131.91 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 143.06 187.35 Td (lower ) Tj ET Q
q 0 0 0 rg BT 169.36 187.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 189.83 187.35 Td (expected ) Tj ET Q
q 0 0 0 rg BT 229.53 187.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 244.76 187.35 Td (client ) Tj ET Q
q 0 0 0 rg BT 270.48 187.35 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 304.37 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 321.93 187.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 377.37 187.35 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 399.29 187.35 Td (leading ) Tj ET Q
q 0 0 0 rg BT 432.60 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 443.16 187.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 450.21 187.35 Td (lower ) Tj ET Q
q 0 0 0 rg BT 476.51 187.35 Td (mar) Tj ET Q
q 0 0 0 rg BT 492.65 187.35 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 511.09 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 528.64 187.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 535.70 187.35 Td (higher ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (discount ) Tj ET Q
q 0 0 0 rg BT 87.58 174.75 Td (rate. ) Tj ET Q
q 0 0 0 rg BT 108.25 174.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 127.07 174.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 177.97 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 188.64 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.96 174.75 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 234.46 174.75 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 294.09 174.75 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 346.15 174.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 369.05 174.75 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 404.79 174.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 427.70 174.75 Td (losses ) Tj ET Q
q 0 0 0 rg BT 455.28 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 466.52 174.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 503.41 174.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 538.00 174.75 Td (AUM ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.82 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.80 162.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 115.52 162.15 Td (decline ) Tj ET Q
q 0 0 0 rg BT 149.00 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 160.32 162.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 202.54 162.15 Td (revenues. ) Tj ET Q
q 0 0 0 rg BT 244.94 162.15 Td (A) Tj ET Q
q 0 0 0 rg BT 251.94 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 255.10 162.15 Td (revised ) Tj ET Q
q 0 0 0 rg BT 288.58 162.15 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 326.72 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 338.63 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.61 162.15 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 400.34 162.15 Td (useful ) Tj ET Q
q 0 0 0 rg BT 429.16 162.15 Td (life ) Tj ET Q
q 0 0 0 rg BT 446.31 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 458.21 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 474.19 162.15 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 505.36 162.15 Td (Infrastructure ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (separate ) Tj ET Q
q 0 0 0 rg BT 86.52 149.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 121.79 149.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 162.32 149.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 206.93 149.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 229.97 149.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 249.51 149.55 Td (contributed ) Tj ET Q
q 0 0 0 rg BT 299.96 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 310.75 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 326.20 149.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 377.23 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 388.60 149.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 406.97 149.55 Td (asset.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.11 124.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 118.80 124.35 Td (char) Tj ET Q
q 0 0 0 rg BT 136.68 124.35 Td (ges ) Tj ET Q
q 0 0 0 rg BT 152.97 124.35 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 201.31 124.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 231.01 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 246.12 124.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 266.48 124.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 293.84 124.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 323.53 124.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 338.94 124.35 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 364.85 124.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 387.54 124.35 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 433.56 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 444.60 124.35 Td ($195.0 ) Tj ET Q
q 0 0 0 rg BT 475.76 124.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 508.38 124.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 539.23 124.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.69 124.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (EnT) Tj ET Q
q 0 0 0 rg BT 67.21 111.75 Td (rust ) Tj ET Q
q 0 0 0 rg BT 84.47 111.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 114.57 111.75 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 173.81 111.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 194.57 111.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 249.72 111.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 289.14 111.75 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 313.69 111.75 Td ($32.0 ) Tj ET Q
q 0 0 0 rg BT 338.83 111.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 370.68 111.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 400.76 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 410.44 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.78 111.75 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 454.30 111.75 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 512.95 111.75 Td (amortizable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 105.93 99.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 146.62 99.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 169.82 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 187.77 99.15 Td ($2.0 ) Tj ET Q
q 0 0 0 rg BT 208.94 99.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 242.06 99.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 273.42 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 284.37 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 299.99 99.15 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 330.78 99.15 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 390.71 99.15 Td (trade ) Tj ET Q
q 0 0 0 rg BT 414.48 99.15 Td (name ) Tj ET Q
q 0 0 0 rg BT 440.01 99.15 Td (asset. ) Tj ET Q
q 0 0 0 rg BT 465.84 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 468.42 99.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 487.54 99.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 538.73 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.69 99.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (EnT) Tj ET Q
q 0 0 0 rg BT 67.21 86.55 Td (rust ) Tj ET Q
q 0 0 0 rg BT 85.52 86.55 Td (Global ) Tj ET Q
q 0 0 0 rg BT 116.67 86.55 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 176.96 86.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 198.77 86.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 254.97 86.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 295.44 86.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 318.41 86.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 337.31 86.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 378.94 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 394.33 86.55 Td (result ) Tj ET Q
q 0 0 0 rg BT 420.23 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 431.54 86.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 446.93 86.55 Td (client ) Tj ET Q
q 0 0 0 rg BT 472.82 86.55 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 512.13 86.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 535.10 86.55 Td (legacy ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (high ) Tj ET Q
q 0 0 0 rg BT 70.51 73.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 85.68 73.95 Td (worth ) Tj ET Q
q 0 0 0 rg BT 112.52 73.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 134.11 73.95 Td (products, ) Tj ET Q
q 0 0 0 rg BT 175.23 73.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 217.24 73.95 Td (transfers ) Tj ET Q
q 0 0 0 rg BT 255.73 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 266.82 73.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 292.49 73.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 318.16 73.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 340.91 73.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 362.50 73.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 401.01 73.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 419.68 73.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 437.39 73.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 455.48 73.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 486.40 73.95 Td (separate ) Tj ET Q
q 0 0 0 rg BT 523.14 73.95 Td (accounts, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.01 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 84.19 61.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 116.10 61.35 Td (decline ) Tj ET Q
q 0 0 0 rg BT 149.77 61.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 161.28 61.35 Td (revenues. ) Tj ET Q
q 0 0 0 rg BT 204.33 61.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 224.00 61.35 Td (impairments ) Tj ET Q
q 0 0 0 rg BT 279.84 61.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 291.36 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 307.54 61.35 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 338.89 61.35 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 399.38 61.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 427.22 61.35 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 463.81 61.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 487.57 61.35 Td (losses ) Tj ET Q
q 0 0 0 rg BT 516.01 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 528.10 61.35 Td (separate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 84.32 48.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 111.60 48.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 129.55 48.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 153.90 48.75 Td (factors ) Tj ET Q
q 0 0 0 rg BT 185.26 48.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 195.62 48.75 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 226.40 48.75 Td (Infrastructure, ) Tj ET Q
q 0 0 0 rg BT 288.95 48.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 306.89 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 322.50 48.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 353.85 48.75 Td (decline ) Tj ET Q
q 0 0 0 rg BT 386.95 48.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 397.90 48.75 Td (projected ) Tj ET Q
q 0 0 0 rg BT 439.74 48.75 Td (revenues. ) Tj ET Q
q 0 0 0 rg BT 482.47 48.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 484.63 48.75 Td (A) Tj ET Q
q 0 0 0 rg BT 491.64 48.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 494.42 48.75 Td (revised ) Tj ET Q
q 0 0 0 rg BT 527.53 48.75 Td (estimate ) Tj ET Q
endstream
endobj
111 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 112 0 R>>
endobj
112 0 obj
<</Length 34344>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (53) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.15 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.89 741.75 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 122.37 741.75 Td (useful ) Tj ET Q
q 0 0 0 rg BT 150.94 741.75 Td (life ) Tj ET Q
q 0 0 0 rg BT 167.83 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 179.49 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.22 741.75 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 226.13 741.75 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 286.18 741.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 323.48 741.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 359.04 741.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 399.84 741.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 444.74 741.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 468.06 741.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 487.88 741.75 Td (contributed ) Tj ET Q
q 0 0 0 rg BT 538.61 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.68 741.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 100.53 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 111.90 729.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 130.27 729.15 Td (asset. ) Tj ET Q
q 0 0 0 rg BT 155.93 729.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 52.13 716.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.43 703.95 Td (Critical ) Tj ET Q
q 0 0 0 rg BT 101.08 703.95 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 152.83 703.95 Td (Policies ) Tj ET Q
q 0 0 0 rg BT 188.85 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 206.78 703.95 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 229.96 703.95 Td (5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 235.21 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 237.97 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 249.49 703.95 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 276.75 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 287.69 703.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 345.87 703.95 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 387.71 703.95 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 436.55 703.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 451.56 703.95 Td (further ) Tj ET Q
q 0 0 0 rg BT 482.90 703.95 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 529.42 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 540.93 703.95 Td (these ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 100.53 691.35 Td (char) Tj ET Q
q 0 0 0 rg BT 118.41 691.35 Td (ges.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (Contingent ) Tj ET Q
q 0 0 0 rg BT 100.56 666.15 Td (Consideration ) Tj ET Q
q 0 0 0 rg BT 164.46 666.15 Td (Fair ) Tj ET Q
q 0 0 0 rg BT 186.34 666.15 Td (V) Tj ET Q
q 0 0 0 rg BT 192.18 666.15 Td (alue ) Tj ET Q
q 0 0 0 rg BT 213.08 666.15 Td (Adjustments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (Contingent ) Tj ET Q
q 0 0 0 rg BT 99.23 653.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 158.87 653.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 176.51 653.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 202.31 653.55 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 255.54 653.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 270.86 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.75 653.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 311.97 653.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 340.11 653.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 370.58 653.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 386.78 653.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 413.47 653.55 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 437.54 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 455.76 653.55 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 479.83 653.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 519.05 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 526.78 653.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 553.75 653.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td ($0.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.88 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 69.95 640.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 104.98 640.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 116.97 640.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 152.86 640.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 163.68 640.95 Td ($0.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 182.06 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 184.13 640.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 219.17 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 236.40 640.95 Td (credits ) Tj ET Q
q 0 0 0 rg BT 266.46 640.95 Td (aggregating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.10 640.95 Td ($31.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.73 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 343.80 640.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 378.84 640.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 428.88 640.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 433.58 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 435.51 640.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 453.90 640.95 Td (credits ) Tj ET Q
q 0 0 0 rg BT 483.97 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 494.21 640.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 519.02 640.95 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 542.09 640.95 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 97.13 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.77 628.35 Td ($32.0 ) Tj ET Q
q 0 0 0 rg BT 137.29 628.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 171.52 628.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 201.07 628.35 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 238.19 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.91 628.35 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 303.13 628.35 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 363.59 628.35 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 406.56 628.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 439.02 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 451.08 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 467.80 628.35 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 521.86 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 534.50 628.35 Td (RARE ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (Infrastructure, ) Tj ET Q
q 0 0 0 rg BT 111.51 615.75 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 142.34 615.75 Td (Currie, ) Tj ET Q
q 0 0 0 rg BT 174.05 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 191.46 615.75 Td (QS ) Tj ET Q
q 0 0 0 rg BT 207.13 615.75 Td (Investors, ) Tj ET Q
q 0 0 0 rg BT 250.50 615.75 Td (of) Tj ET Q
q 0 0 0 rg BT 259.06 615.75 Td (fset ) Tj ET Q
q 0 0 0 rg BT 276.47 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 286.89 615.75 Td (part ) Tj ET Q
q 0 0 0 rg BT 305.47 615.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 318.22 615.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 330.38 615.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 366.46 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.45 615.75 Td ($0.7 ) Tj ET Q
q 0 0 0 rg BT 398.08 615.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 433.29 615.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 461.21 615.75 Td (increased ) Tj ET Q
q 0 0 0 rg BT 503.10 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 518.18 615.75 Td (contingent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 108.69 603.15 Td (liability ) Tj ET Q
q 0 0 0 rg BT 143.98 603.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 175.17 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 185.96 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 201.42 603.15 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 250.12 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 261.49 603.15 Td (PK ) Tj ET Q
q 0 0 0 rg BT 277.54 603.15 Td (Investments. ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.22 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.19 565.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 104.39 565.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 132.59 565.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 163.13 565.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 179.39 565.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 206.15 565.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 233.20 565.35 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 274.24 565.35 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.76 565.35 Td ($28.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.38 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 345.52 565.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 381.62 565.35 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 393.50 565.35 Td (12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.00 565.35 Td (%, ) Tj ET Q
q 0 0 0 rg BT 418.51 565.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.81 565.35 Td ($209.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.68 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 461.82 565.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 497.92 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 509.80 565.35 Td (compared ) Tj ET Q
q 0 0 0 rg BT 554.33 565.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td ($238.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.38 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 81.19 552.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 114.34 552.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 129.39 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.03 552.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 165.91 552.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 193.79 552.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 224.01 552.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 239.95 552.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 266.39 552.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 308.27 552.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 326.24 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 337.22 552.75 Td ($24.5 ) Tj ET Q
q 0 0 0 rg BT 363.66 552.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 396.81 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 408.37 552.75 Td (savings ) Tj ET Q
q 0 0 0 rg BT 442.68 552.75 Td (associated ) Tj ET Q
q 0 0 0 rg BT 488.64 552.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 510.12 552.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 526.93 552.75 Td (strategic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 105.77 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.56 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 130.85 540.15 Td ($4.2 ) Tj ET Q
q 0 0 0 rg BT 151.85 540.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 184.81 540.15 Td (char) Tj ET Q
q 0 0 0 rg BT 202.69 540.15 Td (ge ) Tj ET Q
q 0 0 0 rg BT 215.22 540.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 263.90 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 274.70 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 290.15 540.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 313.19 540.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 333.88 540.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 363.33 540.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 378.20 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 385.48 540.15 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 431.26 540.15 Td (matter) Tj ET Q
q 0 0 0 rg BT 457.50 540.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.22 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.19 514.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 104.39 514.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 132.59 514.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 163.13 514.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 179.39 514.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 206.15 514.95 Td (Other ) Tj ET Q
q 0 0 0 rg BT 233.20 514.95 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 274.24 514.95 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.76 514.95 Td ($44.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.38 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 345.52 514.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 381.62 514.95 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 393.50 514.95 Td (16) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.00 514.95 Td (%, ) Tj ET Q
q 0 0 0 rg BT 418.51 514.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.81 514.95 Td ($238.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.68 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 461.82 514.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 497.92 514.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 509.80 514.95 Td (compared ) Tj ET Q
q 0 0 0 rg BT 554.33 514.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td ($282.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.38 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 81.51 502.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 114.99 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 130.37 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.34 502.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 167.55 502.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 195.76 502.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 226.30 502.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 242.57 502.35 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 269.33 502.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 311.54 502.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 329.84 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 341.15 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 348.95 502.35 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 388.22 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 400.11 502.35 Td ($62.8 ) Tj ET Q
q 0 0 0 rg BT 426.87 502.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 460.35 502.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 471.66 502.35 Td (char) Tj ET Q
q 0 0 0 rg BT 489.54 502.35 Td (ges ) Tj ET Q
q 0 0 0 rg BT 506.67 502.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 538.37 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.68 502.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 95.46 489.75 Td (matter ) Tj ET Q
q 0 0 0 rg BT 125.09 489.75 Td (further ) Tj ET Q
q 0 0 0 rg BT 156.47 489.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 199.53 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 210.51 489.75 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 233.73 489.75 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 238.98 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 241.79 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 253.35 489.75 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 280.66 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 291.64 489.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 349.86 489.75 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 391.75 489.75 Td (Statements, ) Tj ET Q
q 0 0 0 rg BT 443.26 489.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 464.74 489.75 Td ($4.2 ) Tj ET Q
q 0 0 0 rg BT 485.93 489.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 519.07 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 530.63 489.75 Td (char) Tj ET Q
q 0 0 0 rg BT 548.51 489.75 Td (ges ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 97.68 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 107.97 477.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 132.84 477.15 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 155.96 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 173.24 477.15 Td ($67.0 ) Tj ET Q
q 0 0 0 rg BT 198.99 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.86 477.15 Td (char) Tj ET Q
q 0 0 0 rg BT 227.74 477.15 Td (ges ) Tj ET Q
q 0 0 0 rg BT 243.86 477.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 292.04 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 302.34 477.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 327.20 477.15 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 352.95 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 354.92 477.15 Td (This ) Tj ET Q
q 0 0 0 rg BT 375.71 477.15 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 413.97 477.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 432.42 477.15 Td (of) Tj ET Q
q 0 0 0 rg BT 440.98 477.15 Td (fset ) Tj ET Q
q 0 0 0 rg BT 458.27 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 468.56 477.15 Td (part ) Tj ET Q
q 0 0 0 rg BT 487.01 477.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 499.63 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 506.42 477.15 Td ($17.2 ) Tj ET Q
q 0 0 0 rg BT 532.17 477.15 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (increase ) Tj ET Q
q 0 0 0 rg BT 86.52 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 97.31 464.55 Td (professional ) Tj ET Q
q 0 0 0 rg BT 151.26 464.55 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 173.41 464.55 Td (lar) Tj ET Q
q 0 0 0 rg BT 184.30 464.55 Td (gely ) Tj ET Q
q 0 0 0 rg BT 205.00 464.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 236.19 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 246.98 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.43 464.55 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 300.63 464.55 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 356.90 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 374.69 464.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 398.89 464.55 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 441.15 464.55 Td (restructuring. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (Non-Operating ) Tj ET Q
q 0 0 0 rg BT 120.38 439.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 156.25 439.35 Td (\(Expense\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.77 426.75 Td (components ) Tj ET Q
q 0 0 0 rg BT 122.47 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.95 426.75 Td (T) Tj ET Q
q 0 0 0 rg BT 139.63 426.75 Td (otal ) Tj ET Q
q 0 0 0 rg BT 158.32 426.75 Td (Non-Operating ) Tj ET Q
q 0 0 0 rg BT 224.84 426.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 259.27 426.75 Td (\(Expense\) ) Tj ET Q
q 0 0 0 rg BT 304.79 426.75 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 319.40 426.75 Td (millions\), ) Tj ET Q
q 0 0 0 rg BT 362.90 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 381.01 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 396.78 426.75 Td (dollar ) Tj ET Q
q 0 0 0 rg BT 424.22 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 442.33 426.75 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 490.75 426.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 527.52 426.75 Td (between ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (periods ) Tj ET Q
q 0 0 0 rg BT 83.04 414.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 106.06 414.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 117.43 414.15 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248 377.65 m
287 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
287 377.65 m
291 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 377.65 m
330 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 377.65 m
334 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
334 377.65 m
373 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
377 377.65 m
424 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 377.65 m
473 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
477 377.65 m
520 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
520 377.65 m
563 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 351.65 m
244 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248 377.65 m
287 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248 351.65 m
287 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
287 377.65 m
291 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 377.65 m
330 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 351.65 m
330 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 377.65 m
334 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
334 377.65 m
373 377.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
334 351.65 m
373 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
377 351.65 m
424 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 351.65 m
473 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
477 351.65 m
520 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
520 351.65 m
563 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 351.65 m
330 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
334 351.65 m
373 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
377 351.65 m
424 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 351.65 m
473 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
477 351.65 m
520 351.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 280.65 m
244 280.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248 280.65 m
287 280.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 280.65 m
330 280.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
334 280.65 m
373 280.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
377 280.65 m
424 280.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
477 280.65 m
520 280.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 265.65 m
244 265.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248 265.65 m
287 265.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 265.65 m
330 265.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
334 265.65 m
373 265.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
377 265.65 m
424 265.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
477 265.65 m
520 265.65 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 260.65 382.42 Td (Y) Tj ET Q
q 0 0 0 rg BT 267.71 382.42 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 383.15 392.94 Td (2019 Compar) Tj ET Q
q 0 0 0 rg BT 444.01 392.94 Td (ed to) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 414.00 382.44 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.40 392.92 Td (2018 Compared to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.00 382.42 Td (2017) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.50 356.44 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 299.50 356.42 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.50 356.42 Td (2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.35 366.94 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 382.75 356.44 Td (Change) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 442.75 366.94 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 430.75 356.44 Td (Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.35 366.92 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.95 356.42 Td (Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.60 366.92 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.95 356.42 Td (Change) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 341.42 Td (Interest income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 250.50 341.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 264.60 341.44 Td (12.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.50 341.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.60 341.42 Td (12.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.50 341.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.85 341.42 Td (7.1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 379.50 341.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.85 341.44 Td (0.1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 456.75 341.44 Td (1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 462.00 341.44 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 341.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.85 341.42 Td (5.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.25 341.42 Td (72) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 341.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 326.42 Td (Interest expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 255.85 326.44 Td (\(109.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 283.00 326.44 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.85 326.42 Td (\(1) Tj ET Q
q 0 0 0 rg BT 307.60 326.42 Td (17.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.00 326.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.85 326.42 Td (\(1) Tj ET Q
q 0 0 0 rg BT 350.60 326.42 Td (17.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 369.00 326.42 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.85 326.44 Td (7.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 453.25 326.44 Td (\(6) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 462.00 326.44 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.85 326.42 Td (0.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 545.00 326.42 Td (\(1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 326.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 311.42 Td (Other income \(expense\), net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 261.10 311.44 Td (\(13.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 283.00 311.44 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.60 311.42 Td (31.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 350.60 311.42 Td (10.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 398.10 311.44 Td (\(44.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 311.44 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.95 311.44 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.60 311.42 Td (20.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.15 311.42 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 295.92 Td (Non-operating income \(expense\) of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.00 285.42 Td (consolidated investment vehicles, net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 264.60 285.44 Td (16.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 309.35 285.42 Td (\(0.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.00 285.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.85 285.42 Td (9.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.60 285.44 Td (16.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.95 285.44 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.10 285.42 Td (\(10.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.00 285.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.15 285.42 Td (n/m) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 270.42 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 270.42 Td (otal Non-Operating Income \(Expense\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 250.50 270.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 261.10 270.44 Td (\(94.6) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 283.00 270.44 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.50 270.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 304.10 270.42 Td (\(74.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.00 270.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.50 270.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.10 270.42 Td (\(90.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 369.00 270.42 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 379.50 270.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 398.10 270.44 Td (\(20.0) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 270.44 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.50 270.44 Td (27) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 270.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.60 270.42 Td (15.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.75 270.42 Td (\(17) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 270.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 256.55 Td (n/m ) Tj ET Q
q 0 0 0 rg BT 63.95 256.55 Td (- ) Tj ET Q
q 0 0 0 rg BT 68.61 256.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 80.83 256.55 Td (meaningful) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 231.35 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 85.38 231.35 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 218.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.55 218.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.84 218.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 102.37 218.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 129.90 218.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 159.76 218.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 175.35 218.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 201.43 218.75 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 235.38 218.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 268.75 218.75 Td (remained ) Tj ET Q
q 0 0 0 rg BT 310.27 218.75 Td (relatively ) Tj ET Q
q 0 0 0 rg BT 352.38 218.75 Td (flat ) Tj ET Q
q 0 0 0 rg BT 368.84 218.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 378.87 218.75 Td ($12.3 ) Tj ET Q
q 0 0 0 rg BT 404.96 218.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 440.38 218.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 451.59 218.75 Td (compared ) Tj ET Q
q 0 0 0 rg BT 495.45 218.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 506.08 218.75 Td ($12.2 ) Tj ET Q
q 0 0 0 rg BT 532.16 218.75 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 206.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.37 206.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.82 206.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 100.51 206.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 128.21 206.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 158.24 206.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 173.99 206.15 Td (2019.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 180.95 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.02 180.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.78 180.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 103.79 180.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 131.79 180.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 162.13 180.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 178.19 180.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 204.75 180.95 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 239.17 180.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 273.02 180.95 Td (increased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 315.59 180.95 Td ($5.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.97 180.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 336.90 180.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 370.18 180.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 381.28 180.95 Td ($12.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.90 180.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 407.84 180.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 443.74 180.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 455.42 180.95 Td (compared ) Tj ET Q
q 0 0 0 rg BT 499.75 180.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 510.85 180.95 Td ($7.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.23 180.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 532.16 180.95 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 168.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.26 168.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.60 168.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 100.18 168.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 127.77 168.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 157.68 168.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 173.32 168.35 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 199.46 168.35 Td (driven ) Tj ET Q
q 0 0 0 rg BT 228.80 168.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 241.81 168.35 Td (higher ) Tj ET Q
q 0 0 0 rg BT 271.15 168.35 Td (yields ) Tj ET Q
q 0 0 0 rg BT 298.75 168.35 Td (earned ) Tj ET Q
q 0 0 0 rg BT 329.24 168.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 342.25 168.35 Td (higher ) Tj ET Q
q 0 0 0 rg BT 371.59 168.35 Td (average ) Tj ET Q
q 0 0 0 rg BT 406.74 168.35 Td (interest-bearing ) Tj ET Q
q 0 0 0 rg BT 475.15 168.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 523.74 168.35 Td (balances.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 143.15 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 85.38 143.15 Td (Expense) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 130.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 65.83 130.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.40 130.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 100.21 130.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 127.03 130.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 156.17 130.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 171.04 130.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 196.41 130.55 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 229.64 130.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 265.20 130.55 Td (decreased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.33 130.55 Td ($7.4 ) Tj ET Q
q 0 0 0 rg BT 328.45 130.55 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 358.79 130.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 363.15 130.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.06 130.55 Td ($109.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.94 130.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 403.68 130.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 438.39 130.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 448.88 130.55 Td (compared ) Tj ET Q
q 0 0 0 rg BT 492.02 130.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 501.93 130.55 Td ($1) Tj ET Q
q 0 0 0 rg BT 512.04 130.55 Td (17.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.41 130.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 532.16 130.55 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 117.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.36 117.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.80 117.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 100.48 117.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 128.16 117.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 158.18 117.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 173.92 117.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 200.16 117.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 241.84 117.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 259.62 117.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 270.40 117.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 285.84 117.95 Td (repayment ) Tj ET Q
q 0 0 0 rg BT 332.77 117.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.13 117.95 Td ($125.5 ) Tj ET Q
q 0 0 0 rg BT 375.62 117.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 408.57 117.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 419.93 117.95 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 471.54 117.95 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 521.98 117.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 548.50 117.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 105.35 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 77.79 105.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 127.06 105.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 137.86 105.35 Td (September ) Tj ET Q
q 0 0 0 rg BT 185.38 105.35 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 209.01 105.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 226.79 105.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 242.25 105.35 Td (repayment ) Tj ET Q
q 0 0 0 rg BT 289.19 105.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 300.56 105.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 317.18 105.35 Td ($250 ) Tj ET Q
q 0 0 0 rg BT 340.80 105.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 373.77 105.35 Td (2.7% ) Tj ET Q
q 0 0 0 rg BT 398.26 105.35 Td (Senior ) Tj ET Q
q 0 0 0 rg BT 428.30 105.35 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 455.43 105.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 466.22 105.35 Td (July ) Tj ET Q
q 0 0 0 rg BT 486.35 105.35 Td (2019.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 80.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 65.88 80.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.51 80.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 100.37 80.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 127.24 80.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 156.44 80.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 171.36 80.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 196.78 80.15 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 230.06 80.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 265.68 80.15 Td (remained ) Tj ET Q
q 0 0 0 rg BT 306.53 80.15 Td (relatively ) Tj ET Q
q 0 0 0 rg BT 347.98 80.15 Td (flat ) Tj ET Q
q 0 0 0 rg BT 363.77 80.15 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.14 80.15 Td ($1) Tj ET Q
q 0 0 0 rg BT 383.25 80.15 Td (17.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.63 80.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 403.42 80.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 438.18 80.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 448.72 80.15 Td (compared ) Tj ET Q
q 0 0 0 rg BT 491.92 80.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 501.88 80.15 Td ($1) Tj ET Q
q 0 0 0 rg BT 511.99 80.15 Td (17.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.36 80.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 532.16 80.15 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 67.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.37 67.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.82 67.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 100.51 67.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 128.21 67.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 158.24 67.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 173.99 67.55 Td (2018.) Tj ET Q
endstream
endobj
113 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 114 0 R>>
endobj
114 0 obj
<</Length 43350>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (54) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Other ) Tj ET Q
q 0 0 0 rg BT 77.21 741.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 112.50 741.90 Td (\(Expense\), ) Tj ET Q
q 0 0 0 rg BT 161.50 741.90 Td (Net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.89 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.51 729.30 Td (years ) Tj ET Q
q 0 0 0 rg BT 107.47 729.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 135.34 729.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 165.54 729.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 181.47 729.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 205.26 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 223.22 729.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 249.65 729.30 Td (Other ) Tj ET Q
q 0 0 0 rg BT 276.36 729.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 310.06 729.30 Td (\(expense\), ) Tj ET Q
q 0 0 0 rg BT 356.30 729.30 Td (net, ) Tj ET Q
q 0 0 0 rg BT 374.55 729.30 Td (totaled ) Tj ET Q
q 0 0 0 rg BT 405.92 729.30 Td (expense ) Tj ET Q
q 0 0 0 rg BT 442.54 729.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.09 729.30 Td ($13.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.71 729.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 480.51 729.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 513.65 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 531.61 729.30 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td ($31.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 73.13 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 76.14 716.70 Td (million, ) Tj ET Q
q 0 0 0 rg BT 112.12 716.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 162.16 716.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 167.80 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 170.60 716.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 189.94 716.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 211.02 716.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 239.11 716.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 269.53 716.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 285.67 716.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 312.31 716.70 Td (included ) Tj ET Q
q 0 0 0 rg BT 351.48 716.70 Td ($10.6 ) Tj ET Q
q 0 0 0 rg BT 378.12 716.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 411.47 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 423.23 716.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 439.07 716.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 471.24 716.70 Td (losses ) Tj ET Q
q 0 0 0 rg BT 499.34 716.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 512.86 716.70 Td (seed ) Tj ET Q
q 0 0 0 rg BT 534.53 716.70 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (investments ) Tj ET Q
q 0 0 0 rg BT 104.23 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.96 704.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 153.03 704.10 Td (invested ) Tj ET Q
q 0 0 0 rg BT 192.59 704.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 209.41 704.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 248.95 704.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 311.84 704.10 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 341.20 704.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 371.43 704.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 396.40 704.10 Td (of) Tj ET Q
q 0 0 0 rg BT 404.96 704.10 Td (fset ) Tj ET Q
q 0 0 0 rg BT 424.69 704.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 439.76 704.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 448.99 704.10 Td (corresponding ) Tj ET Q
q 0 0 0 rg BT 513.63 704.10 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 554.33 704.10 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 109.94 691.50 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 148.51 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 165.80 691.50 Td ($6.2 ) Tj ET Q
q 0 0 0 rg BT 186.30 691.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 218.76 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 229.05 691.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 256.26 691.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 268.88 691.50 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 310.65 691.50 Td (investments. ) Tj ET Q
q 0 0 0 rg BT 365.56 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.53 691.50 Td (These ) Tj ET Q
q 0 0 0 rg BT 394.73 691.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 421.94 691.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 444.47 691.50 Td (of) Tj ET Q
q 0 0 0 rg BT 453.02 691.50 Td (fset ) Tj ET Q
q 0 0 0 rg BT 470.31 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 480.60 691.50 Td (part ) Tj ET Q
q 0 0 0 rg BT 499.05 691.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 511.67 691.50 Td ($3.5 ) Tj ET Q
q 0 0 0 rg BT 532.17 691.50 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.99 678.90 Td (net ) Tj ET Q
q 0 0 0 rg BT 76.57 678.90 Td (market ) Tj ET Q
q 0 0 0 rg BT 108.47 678.90 Td (gains ) Tj ET Q
q 0 0 0 rg BT 133.38 678.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 146.63 678.90 Td (investments ) Tj ET Q
q 0 0 0 rg BT 199.54 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 211.04 678.90 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 266.86 678.90 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 312.19 678.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 361.01 678.90 Td (products ) Tj ET Q
q 0 0 0 rg BT 399.92 678.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 418.41 678.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 433.98 678.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 450.15 678.90 Td (designated ) Tj ET Q
q 0 0 0 rg BT 497.80 678.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 509.29 678.90 Td (CIVs, ) Tj ET Q
q 0 0 0 rg BT 536.83 678.90 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 71.17 666.30 Td (no ) Tj ET Q
q 0 0 0 rg BT 83.53 666.30 Td (impact ) Tj ET Q
q 0 0 0 rg BT 113.96 666.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 126.31 666.30 Td (Net ) Tj ET Q
q 0 0 0 rg BT 143.32 666.30 Td (Income ) Tj ET Q
q 0 0 0 rg BT 176.25 666.30 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 228.85 666.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 238.87 666.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 262.29 666.30 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 295.36 666.30 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 315.87 666.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 326.47 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.15 666.30 Td (gains ) Tj ET Q
q 0 0 0 rg BT 365.17 666.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 379.84 666.30 Td (fully ) Tj ET Q
q 0 0 0 rg BT 401.52 666.30 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 451.19 666.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 461.21 666.30 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 524.90 666.30 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 565.14 666.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.85 653.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 87.95 653.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 115.05 653.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 144.49 653.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 159.64 653.70 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 185.30 653.70 Td (included ) Tj ET Q
q 0 0 0 rg BT 223.49 653.70 Td ($14.1 ) Tj ET Q
q 0 0 0 rg BT 249.14 653.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 281.51 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 292.29 653.70 Td (gains ) Tj ET Q
q 0 0 0 rg BT 316.48 653.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 329.01 653.70 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 370.68 653.70 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 425.50 653.70 Td ($10.4 ) Tj ET Q
q 0 0 0 rg BT 451.16 653.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 483.53 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.30 653.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 509.16 653.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 540.34 653.70 Td (gains ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 63.48 641.10 Td (seed ) Tj ET Q
q 0 0 0 rg BT 85.62 641.10 Td (capital ) Tj ET Q
q 0 0 0 rg BT 117.09 641.10 Td (investments ) Tj ET Q
q 0 0 0 rg BT 170.74 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 189.38 641.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 217.36 641.10 Td (invested ) Tj ET Q
q 0 0 0 rg BT 255.83 641.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 271.56 641.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 310.01 641.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 371.82 641.10 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 400.09 641.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 429.23 641.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 453.12 641.10 Td (of) Tj ET Q
q 0 0 0 rg BT 461.67 641.10 Td (fset ) Tj ET Q
q 0 0 0 rg BT 480.32 641.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 494.30 641.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 502.44 641.10 Td (corresponding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (increase ) Tj ET Q
q 0 0 0 rg BT 86.52 628.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 97.31 628.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 158.26 628.50 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 197.32 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 215.11 628.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 227.65 628.50 Td ($8.4 ) Tj ET Q
q 0 0 0 rg BT 248.65 628.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 281.61 628.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 332.65 628.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 355.69 628.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 368.23 628.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 416.93 628.50 Td (holding. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.79 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.32 603.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 103.09 603.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 130.87 603.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 160.97 603.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 176.80 603.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 203.13 603.30 Td (Other ) Tj ET Q
q 0 0 0 rg BT 229.74 603.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 263.35 603.30 Td (\(expense\), ) Tj ET Q
q 0 0 0 rg BT 309.49 603.30 Td (net, ) Tj ET Q
q 0 0 0 rg BT 327.65 603.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 346.68 603.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 380.29 603.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.74 603.30 Td ($31.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.36 603.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 418.07 603.30 Td (million, ) Tj ET Q
q 0 0 0 rg BT 453.73 603.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 465.18 603.30 Td (compared ) Tj ET Q
q 0 0 0 rg BT 509.28 603.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 520.15 603.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 553.76 603.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td ($10.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 73.13 590.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 76.10 590.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 109.41 590.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 124.62 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 140.42 590.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 161.46 590.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 189.51 590.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 219.88 590.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 235.98 590.70 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 262.58 590.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 265.33 590.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 284.63 590.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 305.67 590.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 333.71 590.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 364.09 590.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 380.19 590.70 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 406.79 590.70 Td (included ) Tj ET Q
q 0 0 0 rg BT 445.91 590.70 Td ($12.3 ) Tj ET Q
q 0 0 0 rg BT 472.51 590.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 505.82 590.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 517.54 590.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 533.34 590.70 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (gains ) Tj ET Q
q 0 0 0 rg BT 73.64 578.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 86.11 578.10 Td (seed ) Tj ET Q
q 0 0 0 rg BT 106.74 578.10 Td (capital ) Tj ET Q
q 0 0 0 rg BT 136.70 578.10 Td (investments ) Tj ET Q
q 0 0 0 rg BT 188.84 578.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 205.98 578.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 232.45 578.10 Td (invested ) Tj ET Q
q 0 0 0 rg BT 269.42 578.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 283.63 578.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 320.58 578.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 380.87 578.10 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 407.64 578.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 435.27 578.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 457.65 578.10 Td (of) Tj ET Q
q 0 0 0 rg BT 466.20 578.10 Td (fset ) Tj ET Q
q 0 0 0 rg BT 483.34 578.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 495.81 578.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 502.45 578.10 Td (corresponding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (increase ) Tj ET Q
q 0 0 0 rg BT 86.52 565.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 97.31 565.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 158.26 565.50 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 197.32 565.50 Td (of) Tj ET Q
q 0 0 0 rg BT 205.88 565.50 Td (fset ) Tj ET Q
q 0 0 0 rg BT 223.67 565.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 234.46 565.50 Td (part ) Tj ET Q
q 0 0 0 rg BT 253.41 565.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 266.54 565.50 Td ($1.8 ) Tj ET Q
q 0 0 0 rg BT 287.54 565.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 320.50 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 331.87 565.50 Td (net ) Tj ET Q
q 0 0 0 rg BT 347.32 565.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 379.10 565.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 406.81 565.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 419.94 565.50 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 462.21 565.50 Td (investments.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (Non-Operating ) Tj ET Q
q 0 0 0 rg BT 118.05 540.30 Td (Income ) Tj ET Q
q 0 0 0 rg BT 153.34 540.30 Td (\(Expense\) ) Tj ET Q
q 0 0 0 rg BT 199.71 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 211.08 540.30 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 270.30 540.30 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 320.76 540.30 Td (V) Tj ET Q
q 0 0 0 rg BT 326.60 540.30 Td (ehicles, ) Tj ET Q
q 0 0 0 rg BT 361.59 540.30 Td (Net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (For ) Tj ET Q
q 0 0 0 rg BT 65.68 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.10 527.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 99.76 527.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 126.43 527.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 155.42 527.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 170.14 527.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 195.36 527.70 Td (Non-operating ) Tj ET Q
q 0 0 0 rg BT 258.19 527.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 290.69 527.70 Td (\(expense\) ) Tj ET Q
q 0 0 0 rg BT 333.09 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 343.43 527.70 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 398.09 527.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 445.77 527.70 Td (vehicles, ) Tj ET Q
q 0 0 0 rg BT 484.39 527.70 Td (net, ) Tj ET Q
q 0 0 0 rg BT 501.43 527.70 Td (totaled ) Tj ET Q
q 0 0 0 rg BT 531.60 527.70 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.87 515.10 Td ($16.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 515.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 87.12 515.10 Td (million, ) Tj ET Q
q 0 0 0 rg BT 122.71 515.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 134.08 515.10 Td (compared ) Tj ET Q
q 0 0 0 rg BT 178.10 515.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 188.89 515.10 Td (expense ) Tj ET Q
q 0 0 0 rg BT 225.34 515.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 236.71 515.10 Td ($0.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 255.08 515.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 257.71 515.10 Td (million ) Tj ET Q
q 0 0 0 rg BT 290.67 515.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 301.46 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 316.92 515.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 337.61 515.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 365.31 515.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 395.34 515.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 411.09 515.10 Td (2019.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.85 489.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 84.43 489.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 106.26 489.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 135.09 489.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 166.25 489.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 183.14 489.90 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 210.52 489.90 Td (Non-operating ) Tj ET Q
q 0 0 0 rg BT 275.51 489.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 310.18 489.90 Td (\(expense\) ) Tj ET Q
q 0 0 0 rg BT 354.75 489.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 367.26 489.90 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 424.09 489.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 473.92 489.90 Td (vehicles, ) Tj ET Q
q 0 0 0 rg BT 514.71 489.90 Td (net, ) Tj ET Q
q 0 0 0 rg BT 533.92 489.90 Td (totaled ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (expense ) Tj ET Q
q 0 0 0 rg BT 85.94 477.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.31 477.30 Td ($0.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 115.69 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 118.31 477.30 Td (million, ) Tj ET Q
q 0 0 0 rg BT 153.90 477.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 165.27 477.30 Td (compared ) Tj ET Q
q 0 0 0 rg BT 209.30 477.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 220.09 477.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 253.62 477.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 264.99 477.30 Td ($9.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.37 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 285.99 477.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 318.95 477.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 329.75 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 345.20 477.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 365.89 477.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 393.59 477.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 423.62 477.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 439.37 477.30 Td (2018. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.60 452.10 Td (Notes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.03 452.10 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 100.28 452.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.22 452.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.32 452.10 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 131.82 452.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 134.76 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 146.44 452.10 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 173.88 452.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 184.98 452.10 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 243.34 452.10 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 285.35 452.10 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 334.36 452.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 349.55 452.10 Td (additional ) Tj ET Q
q 0 0 0 rg BT 394.48 452.10 Td (information ) Tj ET Q
q 0 0 0 rg BT 446.99 452.10 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 490.16 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 505.92 452.10 Td (consolidation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 439.50 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 106.08 439.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 154.78 439.50 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 191.81 439.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 209.59 439.50 Td (net ) Tj ET Q
q 0 0 0 rg BT 225.05 439.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 256.82 439.50 Td (gains ) Tj ET Q
q 0 0 0 rg BT 281.61 439.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 294.74 439.50 Td (investments ) Tj ET Q
q 0 0 0 rg BT 347.53 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 358.90 439.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 390.09 439.50 Td (CIVs.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (Income ) Tj ET Q
q 0 0 0 rg BT 85.18 414.30 Td (T) Tj ET Q
q 0 0 0 rg BT 91.22 414.30 Td (ax ) Tj ET Q
q 0 0 0 rg BT 104.34 414.30 Td (Pr) Tj ET Q
q 0 0 0 rg BT 115.23 414.30 Td (ovision ) Tj ET Q
q 0 0 0 rg BT 149.37 414.30 Td (\(Benefit\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.29 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.32 401.70 Td (years ) Tj ET Q
q 0 0 0 rg BT 105.68 401.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 132.95 401.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 162.56 401.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 177.89 401.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 201.09 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 218.46 401.70 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 244.28 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 259.31 401.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 292.42 401.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 307.46 401.70 Td (provision ) Tj ET Q
q 0 0 0 rg BT 349.33 401.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 367.86 401.70 Td ($106.0 ) Tj ET Q
q 0 0 0 rg BT 398.94 401.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 431.48 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.84 401.70 Td ($20.6 ) Tj ET Q
q 0 0 0 rg BT 474.67 401.70 Td (million, ) Tj ET Q
q 0 0 0 rg BT 509.84 401.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.88 401.70 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.47 389.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 82.52 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 98.16 389.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 119.03 389.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 146.91 389.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 177.12 389.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 193.06 389.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 219.49 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 235.13 389.10 Td (income ) Tj ET Q
q 0 0 0 rg BT 268.84 389.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 284.48 389.10 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 316.44 389.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 335.58 389.10 Td ($102.5 ) Tj ET Q
q 0 0 0 rg BT 367.26 389.10 Td (million. ) Tj ET Q
q 0 0 0 rg BT 403.03 389.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 405.64 389.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 424.77 389.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 432.74 389.10 Td (fective ) Tj ET Q
q 0 0 0 rg BT 464.11 389.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 479.74 389.10 Td (rate ) Tj ET Q
q 0 0 0 rg BT 498.29 389.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 517.43 389.10 Td (25.8% ) Tj ET Q
q 0 0 0 rg BT 547.35 389.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (72.2% ) Tj ET Q
q 0 0 0 rg BT 79.85 376.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 95.32 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 111.38 376.50 Td (years ) Tj ET Q
q 0 0 0 rg BT 136.77 376.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 165.07 376.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 195.70 376.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 212.06 376.50 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 236.29 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 254.68 376.50 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 281.53 376.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 331.58 376.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 337.43 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 355.83 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 371.88 376.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 379.85 376.50 Td (fective ) Tj ET Q
q 0 0 0 rg BT 411.64 376.50 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 444.03 376.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 462.99 376.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 482.55 376.50 Td (43.8% ) Tj ET Q
q 0 0 0 rg BT 512.90 376.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 528.38 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 544.44 376.50 Td (year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 77.44 363.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 107.72 363.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 123.72 363.90 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 150.22 363.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 152.89 363.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 172.08 363.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 180.05 363.90 Td (fective ) Tj ET Q
q 0 0 0 rg BT 211.49 363.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 227.19 363.90 Td (rate ) Tj ET Q
q 0 0 0 rg BT 245.80 363.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 260.92 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 276.62 363.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 297.56 363.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 325.50 363.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 355.78 363.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 371.78 363.90 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 398.28 363.90 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 432.05 363.90 Td (final ) Tj ET Q
q 0 0 0 rg BT 454.16 363.90 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 507.20 363.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 538.64 363.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.68 363.90 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (impact ) Tj ET Q
q 0 0 0 rg BT 80.23 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 91.14 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 105.97 351.30 Td (T) Tj ET Q
q 0 0 0 rg BT 111.65 351.30 Td (ax ) Tj ET Q
q 0 0 0 rg BT 123.72 351.30 Td (Cuts ) Tj ET Q
q 0 0 0 rg BT 145.14 351.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 162.46 351.30 Td (Jobs ) Tj ET Q
q 0 0 0 rg BT 182.82 351.30 Td (Act ) Tj ET Q
q 0 0 0 rg BT 200.14 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 211.04 351.30 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 234.20 351.30 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 252.69 351.30 Td ("T) Tj ET Q
q 0 0 0 rg BT 262.65 351.30 Td (ax ) Tj ET Q
q 0 0 0 rg BT 274.72 351.30 Td (Law"\), ) Tj ET Q
q 0 0 0 rg BT 305.95 351.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 333.77 351.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 352.26 351.30 Td (enacted ) Tj ET Q
q 0 0 0 rg BT 386.48 351.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 399.14 351.30 Td (December ) Tj ET Q
q 0 0 0 rg BT 444.44 351.30 Td (22, ) Tj ET Q
q 0 0 0 rg BT 459.72 351.30 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 485.51 351.30 Td (while ) Tj ET Q
q 0 0 0 rg BT 511.00 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.98 351.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 533.95 351.30 Td (fective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 81.28 338.70 Td (rate ) Tj ET Q
q 0 0 0 rg BT 99.64 338.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 114.51 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.96 338.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 150.65 338.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 178.35 338.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 208.38 338.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 224.13 338.70 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 250.38 338.70 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 283.90 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 299.35 338.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 330.55 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 341.92 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.19 338.70 Td (T) Tj ET Q
q 0 0 0 rg BT 362.87 338.70 Td (ax ) Tj ET Q
q 0 0 0 rg BT 375.40 338.70 Td (Law ) Tj ET Q
q 0 0 0 rg BT 396.69 338.70 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 445.37 338.70 Td (upon ) Tj ET Q
q 0 0 0 rg BT 468.99 338.70 Td (enactment. ) Tj ET Q
q 0 0 0 rg BT 517.39 338.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 318.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.38 318.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 76.35 318.10 Td (fective ) Tj ET Q
q 0 0 0 rg BT 107.47 318.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 122.85 318.10 Td (rate ) Tj ET Q
q 0 0 0 rg BT 141.14 318.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 155.94 318.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.32 318.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 191.95 318.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 219.58 318.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 249.54 318.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 265.22 318.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 288.77 318.10 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 322.22 318.10 Td (net ) Tj ET Q
q 0 0 0 rg BT 337.61 318.10 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 372.81 318.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 388.20 318.10 Td (expense ) Tj ET Q
q 0 0 0 rg BT 424.57 318.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 435.87 318.10 Td ($2.4 ) Tj ET Q
q 0 0 0 rg BT 456.80 318.10 Td (million, ) Tj ET Q
q 0 0 0 rg BT 492.32 318.10 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 533.95 318.10 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 305.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.15 305.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 73.45 305.50 Td (revaluation ) Tj ET Q
q 0 0 0 rg BT 122.16 305.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.39 305.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 162.43 305.50 Td (existing ) Tj ET Q
q 0 0 0 rg BT 197.15 305.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 233.60 305.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 247.91 305.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 273.89 305.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 290.52 305.50 Td (liabilities, ) Tj ET Q
q 0 0 0 rg BT 333.71 305.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 339.85 305.50 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 380.98 305.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 390.62 305.50 Td (net ) Tj ET Q
q 0 0 0 rg BT 404.93 305.50 Td (operating ) Tj ET Q
q 0 0 0 rg BT 446.06 305.50 Td (loss ) Tj ET Q
q 0 0 0 rg BT 463.88 305.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 480.52 305.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 490.16 305.50 Td (audit ) Tj ET Q
q 0 0 0 rg BT 512.64 305.50 Td (settlements, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 292.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.72 292.90 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 103.44 292.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 119.33 292.90 Td (expense ) Tj ET Q
q 0 0 0 rg BT 156.21 292.90 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 205.33 292.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 220.64 292.90 Td (vested ) Tj ET Q
q 0 0 0 rg BT 250.53 292.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 275.75 292.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 308.56 292.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 330.29 292.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 338.01 292.90 Td (grant ) Tj ET Q
q 0 0 0 rg BT 362.65 292.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 383.20 292.90 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 420.66 292.90 Td (price ) Tj ET Q
q 0 0 0 rg BT 444.71 292.90 Td (higher ) Tj ET Q
q 0 0 0 rg BT 474.59 292.90 Td (than ) Tj ET Q
q 0 0 0 rg BT 495.74 292.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 511.63 292.90 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 545.02 292.90 Td (date ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 280.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 74.49 280.30 Td (prices, ) Tj ET Q
q 0 0 0 rg BT 105.00 280.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 133.49 280.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 156.71 280.30 Td (of) Tj ET Q
q 0 0 0 rg BT 165.27 280.30 Td (fset ) Tj ET Q
q 0 0 0 rg BT 183.25 280.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 194.24 280.30 Td (part ) Tj ET Q
q 0 0 0 rg BT 213.38 280.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 226.70 280.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 234.19 280.30 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 269.66 280.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 285.31 280.30 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 317.28 280.30 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 356.85 280.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 380.08 280.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 395.73 280.30 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 441.71 280.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.27 280.30 Td (prior ) Tj ET Q
q 0 0 0 rg BT 476.51 280.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 497.40 280.30 Td (state ) Tj ET Q
q 0 0 0 rg BT 519.46 280.30 Td (audits ) Tj ET Q
q 0 0 0 rg BT 547.36 280.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 267.70 Td (statute ) Tj ET Q
q 0 0 0 rg BT 79.31 267.70 Td (expirations. ) Tj ET Q
q 0 0 0 rg BT 131.00 267.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 133.23 267.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 151.96 267.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 167.19 267.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 198.17 267.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.31 267.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 222.21 267.70 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 257.27 267.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 272.50 267.70 Td (items ) Tj ET Q
q 0 0 0 rg BT 297.65 267.70 Td (increased ) Tj ET Q
q 0 0 0 rg BT 339.70 267.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.93 267.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 362.90 267.70 Td (fective ) Tj ET Q
q 0 0 0 rg BT 393.86 267.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 427.17 267.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 442.40 267.70 Td (rate ) Tj ET Q
q 0 0 0 rg BT 460.54 267.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 473.45 267.70 Td (0.6 ) Tj ET Q
q 0 0 0 rg BT 488.98 267.70 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 536.85 267.70 Td (points ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 255.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.37 255.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.82 255.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 100.51 255.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 128.21 255.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 158.24 255.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 173.99 255.10 Td (2020. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 232.50 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.41 232.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.56 232.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 101.96 232.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 129.35 232.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 159.08 232.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 174.53 232.50 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 200.48 232.50 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 235.46 232.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 250.61 232.50 Td (expense ) Tj ET Q
q 0 0 0 rg BT 286.76 232.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 297.83 232.50 Td ($14.1 ) Tj ET Q
q 0 0 0 rg BT 323.78 232.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 356.44 232.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 387.33 232.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 397.82 232.50 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 439.21 232.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 454.36 232.50 Td (positions ) Tj ET Q
q 0 0 0 rg BT 494.61 232.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 509.18 232.50 Td (federal, ) Tj ET Q
q 0 0 0 rg BT 543.28 232.50 Td (state ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 219.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.88 219.90 Td (local ) Tj ET Q
q 0 0 0 rg BT 91.50 219.90 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 116.29 219.90 Td (\(including ) Tj ET Q
q 0 0 0 rg BT 162.67 219.90 Td (those ) Tj ET Q
q 0 0 0 rg BT 188.05 219.90 Td (relating ) Tj ET Q
q 0 0 0 rg BT 223.33 219.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 234.71 219.90 Td (recent ) Tj ET Q
q 0 0 0 rg BT 263.58 219.90 Td (legislative ) Tj ET Q
q 0 0 0 rg BT 309.95 219.90 Td (changes\) ) Tj ET Q
q 0 0 0 rg BT 350.48 219.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 370.02 219.90 Td (recognized. ) Tj ET Q
q 0 0 0 rg BT 421.92 219.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 425.14 219.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 437.10 219.90 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 477.35 219.90 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 513.22 219.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 529.26 219.90 Td (benefits ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 207.30 Td (totaling ) Tj ET Q
q 0 0 0 rg BT 84.27 207.30 Td ($2.8 ) Tj ET Q
q 0 0 0 rg BT 105.33 207.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 138.35 207.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 169.60 207.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 180.45 207.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.96 207.30 Td (completion ) Tj ET Q
q 0 0 0 rg BT 245.89 207.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.32 207.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 264.67 207.30 Td (prior ) Tj ET Q
q 0 0 0 rg BT 287.76 207.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 308.51 207.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 324.03 207.30 Td (audit ) Tj ET Q
q 0 0 0 rg BT 347.71 207.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 365.55 207.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 389.81 207.30 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 425.15 207.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 440.66 207.30 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 476.59 207.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.02 207.30 Td ($1.3 ) Tj ET Q
q 0 0 0 rg BT 509.08 207.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 542.10 207.30 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 194.70 Td (recognized. ) Tj ET Q
q 0 0 0 rg BT 100.86 194.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.35 194.70 Td (T) Tj ET Q
q 0 0 0 rg BT 109.03 194.70 Td (ogether) Tj ET Q
q 0 0 0 rg BT 140.10 194.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 145.40 194.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 160.91 194.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 176.42 194.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 207.68 194.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 219.11 194.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 232.28 194.70 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 267.62 194.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 283.13 194.70 Td (items ) Tj ET Q
q 0 0 0 rg BT 308.56 194.70 Td (increased ) Tj ET Q
q 0 0 0 rg BT 350.88 194.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 366.39 194.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 374.36 194.70 Td (fective ) Tj ET Q
q 0 0 0 rg BT 405.60 194.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 421.11 194.70 Td (rate ) Tj ET Q
q 0 0 0 rg BT 439.53 194.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 452.71 194.70 Td (35.1 ) Tj ET Q
q 0 0 0 rg BT 473.77 194.70 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 521.92 194.70 Td (points ) Tj ET Q
q 0 0 0 rg BT 550.27 194.70 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 182.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 182.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 85.65 182.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 113.34 182.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 143.37 182.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 159.12 182.10 Td (2019.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 161.50 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.59 161.50 Td (previously ) Tj ET Q
q 0 0 0 rg BT 110.33 161.50 Td (discussed, ) Tj ET Q
q 0 0 0 rg BT 155.63 161.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 168.54 161.50 Td (December ) Tj ET Q
q 0 0 0 rg BT 214.10 161.50 Td (22, ) Tj ET Q
q 0 0 0 rg BT 229.65 161.50 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 255.69 161.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 270.76 161.50 Td (T) Tj ET Q
q 0 0 0 rg BT 276.44 161.50 Td (ax ) Tj ET Q
q 0 0 0 rg BT 288.77 161.50 Td (Law ) Tj ET Q
q 0 0 0 rg BT 309.85 161.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 328.60 161.50 Td (enacted. ) Tj ET Q
q 0 0 0 rg BT 365.70 161.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.94 161.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 386.69 161.50 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 428.76 161.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 439.34 161.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.59 161.50 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 475.68 161.50 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 517.74 161.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 532.99 161.50 Td (rate, ) Tj ET Q
q 0 0 0 rg BT 553.77 161.50 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 148.90 Td (well ) Tj ET Q
q 0 0 0 rg BT 70.42 148.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 82.00 148.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 106.41 148.90 Td (aspects ) Tj ET Q
q 0 0 0 rg BT 139.57 148.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 151.16 148.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.62 148.90 Td (T) Tj ET Q
q 0 0 0 rg BT 172.30 148.90 Td (ax ) Tj ET Q
q 0 0 0 rg BT 185.05 148.90 Td (Law) Tj ET Q
q 0 0 0 rg BT 203.02 148.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 208.49 148.90 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 244.56 148.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 255.57 148.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 263.07 148.90 Td (one-time, ) Tj ET Q
q 0 0 0 rg BT 305.85 148.90 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 346.59 148.90 Td (provisional ) Tj ET Q
q 0 0 0 rg BT 396.68 148.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 412.34 148.90 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 444.33 148.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 455.92 148.90 Td ($220.9 ) Tj ET Q
q 0 0 0 rg BT 487.63 148.90 Td (million, ) Tj ET Q
q 0 0 0 rg BT 523.43 148.90 Td (primarily ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.30 Td (due ) Tj ET Q
q 0 0 0 rg BT 67.07 136.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 77.65 136.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.89 136.30 Td (remeasurement ) Tj ET Q
q 0 0 0 rg BT 159.43 136.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 170.59 136.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 201.56 136.30 Td (existing ) Tj ET Q
q 0 0 0 rg BT 237.22 136.30 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 274.60 136.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 289.84 136.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 316.75 136.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 334.32 136.30 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 375.81 136.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 385.79 136.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.03 136.30 Td (new ) Tj ET Q
q 0 0 0 rg BT 420.93 136.30 Td (21% ) Tj ET Q
q 0 0 0 rg BT 442.59 136.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 475.91 136.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 491.14 136.30 Td (rate. ) Tj ET Q
q 0 0 0 rg BT 511.91 136.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 514.32 136.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 525.48 136.30 Td (addition, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 123.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.34 123.70 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 96.42 123.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 111.43 123.70 Td (char) Tj ET Q
q 0 0 0 rg BT 129.31 123.70 Td (ge ) Tj ET Q
q 0 0 0 rg BT 141.40 123.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 152.32 123.70 Td ($7.3 ) Tj ET Q
q 0 0 0 rg BT 172.88 123.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 205.40 123.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 223.90 123.70 Td (provisionally ) Tj ET Q
q 0 0 0 rg BT 281.50 123.70 Td (provided ) Tj ET Q
q 0 0 0 rg BT 321.00 123.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 335.42 123.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 350.43 123.70 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 385.26 123.70 Td (repatriation ) Tj ET Q
q 0 0 0 rg BT 435.83 123.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 446.76 123.70 Td (unremitted ) Tj ET Q
q 0 0 0 rg BT 494.43 123.70 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 526.93 123.70 Td (earnings ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.52 111.10 Td (provided ) Tj ET Q
q 0 0 0 rg BT 100.11 111.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 126.29 111.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.23 111.10 Td (T) Tj ET Q
q 0 0 0 rg BT 146.91 111.10 Td (ax ) Tj ET Q
q 0 0 0 rg BT 159.09 111.10 Td (Law) Tj ET Q
q 0 0 0 rg BT 177.07 111.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 181.96 111.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 183.73 111.10 Td (Any ) Tj ET Q
q 0 0 0 rg BT 204.09 111.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 219.19 111.10 Td (provision ) Tj ET Q
q 0 0 0 rg BT 261.13 111.10 Td (associated ) Tj ET Q
q 0 0 0 rg BT 306.55 111.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 327.49 111.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.59 111.10 Td (repatriations ) Tj ET Q
q 0 0 0 rg BT 397.34 111.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 415.94 111.10 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 453.21 111.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 463.65 111.10 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 492.73 111.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.83 111.10 Td (impact ) Tj ET Q
q 0 0 0 rg BT 538.67 111.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.69 111.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 98.50 Td (T) Tj ET Q
q 0 0 0 rg BT 55.18 98.50 Td (ax ) Tj ET Q
q 0 0 0 rg BT 68.60 98.50 Td (Law) Tj ET Q
q 0 0 0 rg BT 86.58 98.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 92.71 98.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 95.45 98.50 Td (As ) Tj ET Q
q 0 0 0 rg BT 110.63 98.50 Td (further ) Tj ET Q
q 0 0 0 rg BT 142.71 98.50 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 186.47 98.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 198.15 98.50 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 222.07 98.50 Td (7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.32 98.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 230.83 98.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 243.09 98.50 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 271.09 98.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 282.77 98.50 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 341.70 98.50 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 384.28 98.50 Td (Statements, ) Tj ET Q
q 0 0 0 rg BT 436.50 98.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 454.00 98.50 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 503.58 98.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 519.33 98.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 535.67 98.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 552.01 98.50 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 85.90 Td (unremitted ) Tj ET Q
q 0 0 0 rg BT 97.13 85.90 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 129.60 85.90 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 167.31 85.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 185.78 85.90 Td (completed ) Tj ET Q
q 0 0 0 rg BT 231.66 85.90 Td (during ) Tj ET Q
q 0 0 0 rg BT 261.22 85.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 286.10 85.90 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 309.24 85.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 326.55 85.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 338.60 85.90 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 386.82 85.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 397.13 85.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 412.10 85.90 Td (amount ) Tj ET Q
q 0 0 0 rg BT 445.74 85.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 456.63 85.90 Td ($2.2 ) Tj ET Q
q 0 0 0 rg BT 477.15 85.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 509.63 85.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 520.52 85.90 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.30 Td (expense ) Tj ET Q
q 0 0 0 rg BT 85.94 73.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 104.90 73.30 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 144.25 73.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 155.04 73.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 173.41 73.30 Td (period.) Tj ET Q
endstream
endobj
115 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 116 0 R>>
endobj
116 0 obj
<</Length 46182>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (Also, ) Tj ET Q
q 0 0 0 rg BT 74.71 741.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 104.86 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.43 741.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 141.24 741.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 169.06 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 199.21 741.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 215.07 741.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 241.44 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.01 741.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 264.98 741.75 Td (fective ) Tj ET Q
q 0 0 0 rg BT 296.29 741.75 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 328.18 741.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 346.66 741.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 365.74 741.75 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 406.96 741.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 420.21 741.75 Td (9.7 ) Tj ET Q
q 0 0 0 rg BT 436.08 741.75 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 484.29 741.75 Td (points ) Tj ET Q
q 0 0 0 rg BT 512.70 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 527.69 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 543.26 741.75 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (deductibility ) Tj ET Q
q 0 0 0 rg BT 105.02 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.21 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 131.49 729.15 Td (char) Tj ET Q
q 0 0 0 rg BT 149.37 729.15 Td (ge ) Tj ET Q
q 0 0 0 rg BT 161.72 729.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 176.41 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 191.69 729.15 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 237.28 729.15 Td (matter ) Tj ET Q
q 0 0 0 rg BT 266.55 729.15 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 309.24 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 319.85 729.15 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.71 729.15 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.96 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 350.41 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.60 729.15 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 388.54 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 399.16 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 414.43 729.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 472.29 729.15 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 513.81 729.15 Td (Statements. ) Tj ET Q
q 0 0 0 rg BT 565.14 729.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.53 716.55 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 101.85 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 117.38 716.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 143.40 716.55 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 170.31 716.55 Td (changes ) Tj ET Q
q 0 0 0 rg BT 207.41 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 218.86 716.55 Td (state ) Tj ET Q
q 0 0 0 rg BT 241.38 716.55 Td (apportionment ) Tj ET Q
q 0 0 0 rg BT 305.90 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 324.35 716.55 Td (state ) Tj ET Q
q 0 0 0 rg BT 346.87 716.55 Td (laws, ) Tj ET Q
q 0 0 0 rg BT 372.03 716.55 Td (audit ) Tj ET Q
q 0 0 0 rg BT 396.31 716.55 Td (settlements, ) Tj ET Q
q 0 0 0 rg BT 449.46 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.90 716.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 492.76 716.55 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 528.69 716.55 Td (changes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (impacting ) Tj ET Q
q 0 0 0 rg BT 94.65 703.95 Td (state ) Tj ET Q
q 0 0 0 rg BT 117.05 703.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 155.18 703.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 171.17 703.95 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 213.40 703.95 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 249.80 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 261.13 703.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 306.28 703.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 322.26 703.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 338.25 703.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 375.23 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 387.13 703.95 Td ($3.3 ) Tj ET Q
q 0 0 0 rg BT 408.66 703.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 444.79 703.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 473.60 703.95 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 509.99 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.98 703.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 533.95 703.95 Td (fective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 81.46 691.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 99.99 691.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 113.30 691.35 Td (1.1 ) Tj ET Q
q 0 0 0 rg BT 129.23 691.35 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 177.50 691.35 Td (points ) Tj ET Q
q 0 0 0 rg BT 205.97 691.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 221.02 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 236.65 691.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 257.52 691.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 285.39 691.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 315.60 691.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 331.53 691.35 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 357.96 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 360.76 691.35 Td (Further) Tj ET Q
q 0 0 0 rg BT 391.25 691.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 396.68 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 404.14 691.35 Td ($0.8 ) Tj ET Q
q 0 0 0 rg BT 425.32 691.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 458.46 691.35 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 493.92 691.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 509.55 691.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 546.17 691.35 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 98.18 678.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 119.47 678.75 Td (respect ) Tj ET Q
q 0 0 0 rg BT 151.83 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 162.62 678.75 Td (equity-based ) Tj ET Q
q 0 0 0 rg BT 218.90 678.75 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 282.47 678.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 310.76 678.75 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 346.61 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 362.06 678.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 370.03 678.75 Td (fective ) Tj ET Q
q 0 0 0 rg BT 401.22 678.75 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 433.00 678.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 451.36 678.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 464.48 678.75 Td (0.3 ) Tj ET Q
q 0 0 0 rg BT 480.23 678.75 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 528.32 678.75 Td (points.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 658.15 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 74.14 658.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 91.77 658.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 115.82 658.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 171.36 658.15 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 216.41 658.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 264.96 658.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 303.59 658.15 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 339.29 658.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.59 658.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 362.56 658.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 393.59 658.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 408.89 658.15 Td (rate ) Tj ET Q
q 0 0 0 rg BT 427.10 658.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 440.07 658.15 Td (0.8 ) Tj ET Q
q 0 0 0 rg BT 455.67 658.15 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 503.61 658.15 Td (points ) Tj ET Q
q 0 0 0 rg BT 531.75 658.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.38 658.15 Td (2.0 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 645.55 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 97.28 645.55 Td (points ) Tj ET Q
q 0 0 0 rg BT 125.26 645.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 139.81 645.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.95 645.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 179.42 645.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 206.80 645.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 236.52 645.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 251.95 645.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 275.26 645.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.74 645.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 318.67 645.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 368.72 645.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 373.65 645.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 391.13 645.55 Td (increased ) Tj ET Q
q 0 0 0 rg BT 433.08 645.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.22 645.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 456.19 645.55 Td (fective ) Tj ET Q
q 0 0 0 rg BT 487.06 645.55 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 518.53 645.55 Td (rate ) Tj ET Q
q 0 0 0 rg BT 536.57 645.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 549.38 645.55 Td (1.3 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 632.95 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 97.59 632.95 Td (points ) Tj ET Q
q 0 0 0 rg BT 125.89 632.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 140.76 632.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.21 632.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 176.90 632.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 204.60 632.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 234.63 632.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 250.38 632.95 Td (2018.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 612.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 67.87 612.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 103.73 612.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 133.20 612.35 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 191.82 612.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 203.19 612.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 227.98 612.35 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 263.57 612.35 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 283.41 612.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 302.96 612.35 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 351.67 612.35 Td (Margin) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 599.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 66.70 599.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 99.77 599.75 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 152.55 599.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 162.76 599.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 186.37 599.75 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 238.28 599.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 252.56 599.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.43 599.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 287.53 599.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 314.64 599.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 344.09 599.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 359.25 599.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 384.92 599.75 Td (totaled ) Tj ET Q
q 0 0 0 rg BT 415.53 599.75 Td ($251.4 ) Tj ET Q
q 0 0 0 rg BT 446.44 599.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 481.44 599.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 492.23 599.75 Td ($2.79 ) Tj ET Q
q 0 0 0 rg BT 517.89 599.75 Td (per ) Tj ET Q
q 0 0 0 rg BT 533.34 599.75 Td (diluted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 587.15 Td (share, ) Tj ET Q
q 0 0 0 rg BT 77.12 587.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 88.70 587.15 Td (compared ) Tj ET Q
q 0 0 0 rg BT 132.94 587.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 143.95 587.15 Td (Net ) Tj ET Q
q 0 0 0 rg BT 161.95 587.15 Td (Loss ) Tj ET Q
q 0 0 0 rg BT 184.00 587.15 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 237.57 587.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 248.58 587.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 272.99 587.15 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 307.04 587.15 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 325.91 587.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 337.50 587.15 Td ($28.5 ) Tj ET Q
q 0 0 0 rg BT 363.96 587.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 399.76 587.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 411.35 587.15 Td ($0.38 ) Tj ET Q
q 0 0 0 rg BT 437.81 587.15 Td (per ) Tj ET Q
q 0 0 0 rg BT 454.06 587.15 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 486.06 587.15 Td (share, ) Tj ET Q
q 0 0 0 rg BT 513.68 587.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 528.76 587.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 544.43 587.15 Td (year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 574.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 77.20 574.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 107.23 574.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.98 574.55 Td (2019.� ) Tj ET Q
q 0 0 0 rg BT 151.66 574.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 170.61 574.55 Td (increase ) Tj ET Q
q 0 0 0 rg BT 207.63 574.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 218.42 574.55 Td (Net ) Tj ET Q
q 0 0 0 rg BT 236.21 574.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 270.32 574.55 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 299.19 574.55 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 352.56 574.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 363.35 574.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 387.55 574.55 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 421.38 574.55 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 440.04 574.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 459.00 574.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 500.69 574.55 Td (driven ) Tj ET Q
q 0 0 0 rg BT 530.14 574.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 543.27 574.55 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 561.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 70.80 561.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 121.86 561.95 Td (char) Tj ET Q
q 0 0 0 rg BT 139.74 561.95 Td (ges ) Tj ET Q
q 0 0 0 rg BT 156.38 561.95 Td (totaling ) Tj ET Q
q 0 0 0 rg BT 191.11 561.95 Td ($365.2 ) Tj ET Q
q 0 0 0 rg BT 222.63 561.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 258.24 561.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 269.63 561.95 Td ($3.12 ) Tj ET Q
q 0 0 0 rg BT 295.90 561.95 Td (per ) Tj ET Q
q 0 0 0 rg BT 311.96 561.95 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 343.77 561.95 Td (share, ) Tj ET Q
q 0 0 0 rg BT 371.19 561.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 419.90 561.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 430.71 561.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.19 561.95 Td (prior ) Tj ET Q
q 0 0 0 rg BT 469.25 561.95 Td (year) Tj ET Q
q 0 0 0 rg BT 486.89 561.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 492.16 561.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 503.56 561.95 Td (well ) Tj ET Q
q 0 0 0 rg BT 524.28 561.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 535.68 561.95 Td (higher ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 549.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 92.25 549.35 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 132.65 549.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 143.91 549.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.83 549.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 192.66 549.35 Td (year) Tj ET Q
q 0 0 0 rg BT 210.31 549.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 216.02 549.35 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 259.34 549.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 272.35 549.35 Td (increase ) Tj ET Q
q 0 0 0 rg BT 309.83 549.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 321.09 549.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 370.26 549.35 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 409.52 549.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 429.52 549.35 Td (driven ) Tj ET Q
q 0 0 0 rg BT 459.43 549.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 473.03 549.35 Td (higher ) Tj ET Q
q 0 0 0 rg BT 502.94 549.35 Td (average ) Tj ET Q
q 0 0 0 rg BT 537.99 549.35 Td (AUM ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 536.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.88 536.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 79.02 536.75 Td (increase ) Tj ET Q
q 0 0 0 rg BT 115.64 536.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 126.03 536.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 181.30 536.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 200.43 536.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 218.40 536.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 241.02 536.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 256.66 536.75 Td (passed ) Tj ET Q
q 0 0 0 rg BT 286.88 536.75 Td (through ) Tj ET Q
q 0 0 0 rg BT 321.77 536.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 332.74 536.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 393.28 536.75 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 431.95 536.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 442.92 536.75 Td (well ) Tj ET Q
q 0 0 0 rg BT 463.22 536.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 474.19 536.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.25 536.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 520.04 536.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 531.01 536.75 Td (savings ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 524.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 74.58 524.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.08 524.15 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 132.32 524.15 Td (restructuring. ) Tj ET Q
q 0 0 0 rg BT 193.27 524.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 197.60 524.15 Td (These ) Tj ET Q
q 0 0 0 rg BT 227.35 524.15 Td (increases ) Tj ET Q
q 0 0 0 rg BT 270.50 524.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 295.57 524.15 Td (of) Tj ET Q
q 0 0 0 rg BT 304.13 524.15 Td (fset ) Tj ET Q
q 0 0 0 rg BT 323.96 524.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 336.80 524.15 Td (part ) Tj ET Q
q 0 0 0 rg BT 357.80 524.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 372.97 524.15 Td (higher ) Tj ET Q
q 0 0 0 rg BT 404.47 524.15 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 444.70 524.15 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 503.03 524.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 522.86 524.15 Td (corporate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 511.55 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 107.70 511.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 133.24 511.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 145.96 511.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.33 511.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 197.61 511.55 Td (year) Tj ET Q
q 0 0 0 rg BT 215.26 511.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 222.43 511.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 239.80 511.55 Td (previously ) Tj ET Q
q 0 0 0 rg BT 288.68 511.55 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 333.47 511.55 Td (increase ) Tj ET Q
q 0 0 0 rg BT 372.41 511.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 385.13 511.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 447.99 511.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 486.36 511.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 503.15 511.55 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 547.34 511.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 498.95 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 100.64 498.95 Td (personnel, ) Tj ET Q
q 0 0 0 rg BT 146.81 498.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 189.19 498.95 Td (increased ) Tj ET Q
q 0 0 0 rg BT 231.55 498.95 Td (sales ) Tj ET Q
q 0 0 0 rg BT 254.68 498.95 Td (commissions, ) Tj ET Q
q 0 0 0 rg BT 314.87 498.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.75 498.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 348.30 498.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 380.17 498.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 407.98 498.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 456.75 498.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 469.97 498.95 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 512.33 498.95 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 486.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.53 486.35 Td (compared ) Tj ET Q
q 0 0 0 rg BT 106.20 486.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 117.65 486.35 Td (gains ) Tj ET Q
q 0 0 0 rg BT 143.09 486.35 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 192.43 486.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 203.87 486.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 219.98 486.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 243.67 486.35 Td (year) Tj ET Q
q 0 0 0 rg BT 261.16 486.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 267.06 486.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 270.34 486.35 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 315.60 486.35 Td (mar) Tj ET Q
q 0 0 0 rg BT 331.74 486.35 Td (gin ) Tj ET Q
q 0 0 0 rg BT 348.44 486.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 368.04 486.35 Td (17.3% ) Tj ET Q
q 0 0 0 rg BT 398.45 486.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 413.97 486.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 430.07 486.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 451.42 486.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 479.77 486.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 510.45 486.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 526.86 486.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 553.76 486.35 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 473.75 Td (compared ) Tj ET Q
q 0 0 0 rg BT 93.83 473.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 104.94 473.75 Td (3.6% ) Tj ET Q
q 0 0 0 rg BT 129.74 473.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 144.92 473.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 160.69 473.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 181.69 473.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 209.70 473.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 240.04 473.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 256.10 473.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 282.67 473.75 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 325.83 473.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.59 473.75 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 382.43 473.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 433.78 473.75 Td (char) Tj ET Q
q 0 0 0 rg BT 451.65 473.75 Td (ges ) Tj ET Q
q 0 0 0 rg BT 468.59 473.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 517.58 473.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 528.69 473.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 544.45 473.75 Td (year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 461.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 77.20 461.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 107.23 461.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.98 461.15 Td (2019.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 435.95 Td (Net ) Tj ET Q
q 0 0 0 rg BT 67.60 435.95 Td (Loss ) Tj ET Q
q 0 0 0 rg BT 89.73 435.95 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 143.40 435.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 154.51 435.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 179.02 435.95 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 231.83 435.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 247.01 435.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.78 435.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 283.79 435.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 311.80 435.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 342.14 435.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 358.20 435.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 384.77 435.95 Td (totaled ) Tj ET Q
q 0 0 0 rg BT 416.28 435.95 Td ($28.5 ) Tj ET Q
q 0 0 0 rg BT 442.84 435.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 478.75 435.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 490.43 435.95 Td ($0.38 ) Tj ET Q
q 0 0 0 rg BT 516.99 435.95 Td (per ) Tj ET Q
q 0 0 0 rg BT 533.34 435.95 Td (diluted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 423.35 Td (share, ) Tj ET Q
q 0 0 0 rg BT 77.32 423.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 89.11 423.35 Td (compared ) Tj ET Q
q 0 0 0 rg BT 133.55 423.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 144.76 423.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 162.96 423.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 196.81 423.35 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 250.59 423.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 261.80 423.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 286.42 423.35 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 320.67 423.35 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 339.74 423.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 351.53 423.35 Td ($285.1 ) Tj ET Q
q 0 0 0 rg BT 383.45 423.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 419.45 423.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 431.24 423.35 Td ($3.01 ) Tj ET Q
q 0 0 0 rg BT 457.91 423.35 Td (per ) Tj ET Q
q 0 0 0 rg BT 474.35 423.35 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 506.56 423.35 Td (share, ) Tj ET Q
q 0 0 0 rg BT 534.38 423.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.67 423.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 410.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 70.51 410.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 98.52 410.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 128.86 410.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 144.93 410.75 Td (2018.�Net ) Tj ET Q
q 0 0 0 rg BT 189.28 410.75 Td (Loss ) Tj ET Q
q 0 0 0 rg BT 211.41 410.75 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 265.09 410.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 276.20 410.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 300.71 410.75 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 334.86 410.75 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 353.83 410.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 369.02 410.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.79 410.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 405.79 410.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 433.81 410.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 464.15 410.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 480.22 410.75 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 504.16 410.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 543.25 410.75 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 398.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 71.81 398.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 123.87 398.15 Td (char) Tj ET Q
q 0 0 0 rg BT 141.75 398.15 Td (ges ) Tj ET Q
q 0 0 0 rg BT 159.41 398.15 Td (totaling ) Tj ET Q
q 0 0 0 rg BT 195.14 398.15 Td ($365.2 ) Tj ET Q
q 0 0 0 rg BT 227.67 398.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 264.29 398.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 276.69 398.15 Td ($3.12 ) Tj ET Q
q 0 0 0 rg BT 303.97 398.15 Td (per ) Tj ET Q
q 0 0 0 rg BT 321.04 398.15 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 353.86 398.15 Td (share, ) Tj ET Q
q 0 0 0 rg BT 382.29 398.15 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 421.51 398.15 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 478.82 398.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 497.64 398.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 522.87 398.15 Td (corporate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 385.55 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 105.74 385.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 129.33 385.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.66 385.55 Td ($18.5 ) Tj ET Q
q 0 0 0 rg BT 166.87 385.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 202.42 385.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 213.76 385.55 Td ($0.15 ) Tj ET Q
q 0 0 0 rg BT 239.97 385.55 Td (per ) Tj ET Q
q 0 0 0 rg BT 255.97 385.55 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 287.72 385.55 Td (share, ) Tj ET Q
q 0 0 0 rg BT 315.08 385.55 Td (af) Tj ET Q
q 0 0 0 rg BT 323.05 385.55 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 350.13 385.55 Td (char) Tj ET Q
q 0 0 0 rg BT 368.01 385.55 Td (ges ) Tj ET Q
q 0 0 0 rg BT 384.59 385.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.93 385.55 Td ($9.2 ) Tj ET Q
q 0 0 0 rg BT 416.89 385.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 452.44 385.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 463.77 385.55 Td ($0.06 ) Tj ET Q
q 0 0 0 rg BT 489.99 385.55 Td (per ) Tj ET Q
q 0 0 0 rg BT 505.98 385.55 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 537.73 385.55 Td (share, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 372.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 91.21 372.95 Td (Royce ) Tj ET Q
q 0 0 0 rg BT 120.08 372.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 175.77 372.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 204.06 372.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 224.19 372.95 Td (costs ) Tj ET Q
q 0 0 0 rg BT 247.23 372.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 258.03 372.95 Td ($2.4 ) Tj ET Q
q 0 0 0 rg BT 278.45 372.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 313.45 372.95 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 348.15 372.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 363.02 372.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 377.90 372.95 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 417.85 372.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 435.06 372.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 458.68 372.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 473.55 372.95 Td (items ) Tj ET Q
q 0 0 0 rg BT 498.35 372.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 509.14 372.95 Td ($7.7 ) Tj ET Q
q 0 0 0 rg BT 529.56 372.95 Td (million, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 360.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 61.93 360.35 Td ($0.09 ) Tj ET Q
q 0 0 0 rg BT 89.24 360.35 Td (per ) Tj ET Q
q 0 0 0 rg BT 106.33 360.35 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 139.18 360.35 Td (share, ) Tj ET Q
q 0 0 0 rg BT 167.64 360.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 186.48 360.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 194.83 360.35 Td ($4.2 ) Tj ET Q
q 0 0 0 rg BT 216.89 360.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 253.53 360.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 265.96 360.35 Td ($0.05 ) Tj ET Q
q 0 0 0 rg BT 293.27 360.35 Td (per ) Tj ET Q
q 0 0 0 rg BT 310.36 360.35 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 343.21 360.35 Td (share, ) Tj ET Q
q 0 0 0 rg BT 371.67 360.35 Td (char) Tj ET Q
q 0 0 0 rg BT 389.55 360.35 Td (ge ) Tj ET Q
q 0 0 0 rg BT 403.14 360.35 Td (associated ) Tj ET Q
q 0 0 0 rg BT 449.98 360.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 472.33 360.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 488.84 360.35 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 535.67 360.35 Td (matter ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 347.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 92.67 347.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 103.76 347.75 Td (Note ) Tj ET Q
q 0 0 0 rg BT 127.09 347.75 Td (9 ) Tj ET Q
q 0 0 0 rg BT 135.27 347.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 146.94 347.75 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 174.35 347.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 185.44 347.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 243.78 347.75 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 285.78 347.75 Td (Statements. ) Tj ET Q
q 0 0 0 rg BT 337.40 347.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 340.33 347.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 358.41 347.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 392.17 347.75 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 445.83 347.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 456.92 347.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 481.42 347.75 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 515.55 347.75 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 534.50 347.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.67 347.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 335.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 69.78 335.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 97.07 335.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 126.69 335.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 142.03 335.15 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 165.24 335.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 203.61 335.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 210.49 335.15 Td (one-time, ) Tj ET Q
q 0 0 0 rg BT 252.65 335.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 267.69 335.15 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 307.81 335.15 Td (provisional ) Tj ET Q
q 0 0 0 rg BT 357.27 335.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 372.32 335.15 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 403.68 335.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 414.64 335.15 Td ($213.7 ) Tj ET Q
q 0 0 0 rg BT 445.73 335.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 480.91 335.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 491.87 335.15 Td ($2.26 ) Tj ET Q
q 0 0 0 rg BT 517.71 335.15 Td (per ) Tj ET Q
q 0 0 0 rg BT 533.33 335.15 Td (diluted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 322.55 Td (share, ) Tj ET Q
q 0 0 0 rg BT 76.77 322.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 107.83 322.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 118.49 322.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.63 322.55 Td (T) Tj ET Q
q 0 0 0 rg BT 139.31 322.55 Td (ax ) Tj ET Q
q 0 0 0 rg BT 151.71 322.55 Td (Law) Tj ET Q
q 0 0 0 rg BT 169.68 322.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 174.62 322.55 Td (This ) Tj ET Q
q 0 0 0 rg BT 195.78 322.55 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 227.43 322.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 246.25 322.55 Td (of) Tj ET Q
q 0 0 0 rg BT 254.80 322.55 Td (fset ) Tj ET Q
q 0 0 0 rg BT 272.46 322.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 283.12 322.55 Td (part ) Tj ET Q
q 0 0 0 rg BT 301.93 322.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 314.92 322.55 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 355.32 322.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 406.22 322.55 Td (char) Tj ET Q
q 0 0 0 rg BT 424.10 322.55 Td (ges ) Tj ET Q
q 0 0 0 rg BT 440.58 322.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 471.64 322.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 482.30 322.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 526.78 322.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 553.77 322.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 309.95 Td ($229.0 ) Tj ET Q
q 0 0 0 rg BT 81.12 309.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 116.82 309.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 128.31 309.95 Td ($1.96 ) Tj ET Q
q 0 0 0 rg BT 154.68 309.95 Td (per ) Tj ET Q
q 0 0 0 rg BT 170.82 309.95 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 202.73 309.95 Td (share, ) Tj ET Q
q 0 0 0 rg BT 230.25 309.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 248.15 309.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 255.56 309.95 Td ($67.0 ) Tj ET Q
q 0 0 0 rg BT 281.92 309.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 317.63 309.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 329.11 309.95 Td ($0.71 ) Tj ET Q
q 0 0 0 rg BT 355.48 309.95 Td (per ) Tj ET Q
q 0 0 0 rg BT 371.63 309.95 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 403.53 309.95 Td (share, ) Tj ET Q
q 0 0 0 rg BT 431.06 309.95 Td (char) Tj ET Q
q 0 0 0 rg BT 448.93 309.95 Td (ge ) Tj ET Q
q 0 0 0 rg BT 461.59 309.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 492.89 309.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 503.80 309.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 519.37 309.95 Td (regulatory ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 297.35 Td (matter ) Tj ET Q
q 0 0 0 rg BT 78.91 297.35 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 121.76 297.35 Td (above. ) Tj ET Q
q 0 0 0 rg BT 151.86 297.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 170.78 297.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 191.44 297.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 219.11 297.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 249.11 297.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 264.82 297.35 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 288.42 297.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 307.93 297.35 Td (included ) Tj ET Q
q 0 0 0 rg BT 346.68 297.35 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 399.44 297.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 410.20 297.35 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 448.93 297.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 464.35 297.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 481.52 297.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 506.85 297.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.19 297.35 Td (contingent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 284.75 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 108.45 284.75 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 149.91 284.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 162.78 284.75 Td ($31.3 ) Tj ET Q
q 0 0 0 rg BT 188.79 284.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 224.13 284.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 235.25 284.75 Td ($0.33 ) Tj ET Q
q 0 0 0 rg BT 261.26 284.75 Td (per ) Tj ET Q
q 0 0 0 rg BT 277.04 284.75 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 308.59 284.75 Td (share. ) Tj ET Q
q 0 0 0 rg BT 335.75 284.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 338.12 284.75 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 382.49 284.75 Td (mar) Tj ET Q
q 0 0 0 rg BT 398.62 284.75 Td (gin ) Tj ET Q
q 0 0 0 rg BT 414.42 284.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 433.13 284.75 Td (3.6% ) Tj ET Q
q 0 0 0 rg BT 457.38 284.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 472.00 284.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.21 284.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 507.66 284.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 535.11 284.75 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 272.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 64.48 272.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 89.96 272.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 100.56 272.15 Td (compared ) Tj ET Q
q 0 0 0 rg BT 143.81 272.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 153.83 272.15 Td (10.3% ) Tj ET Q
q 0 0 0 rg BT 182.80 272.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 196.90 272.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 211.58 272.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 231.50 272.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 258.43 272.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 287.69 272.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 302.66 272.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 328.14 272.15 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 370.22 272.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.91 272.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 415.33 272.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 425.93 272.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.61 272.15 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 480.37 272.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 530.63 272.15 Td (char) Tj ET Q
q 0 0 0 rg BT 548.51 272.15 Td (ges ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 259.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.23 259.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.62 259.55 Td (char) Tj ET Q
q 0 0 0 rg BT 100.50 259.55 Td (ges ) Tj ET Q
q 0 0 0 rg BT 117.07 259.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 148.20 259.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 158.93 259.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.33 259.55 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 220.04 259.55 Td (matter ) Tj ET Q
q 0 0 0 rg BT 249.43 259.55 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 298.06 259.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 308.79 259.55 Td (both ) Tj ET Q
q 0 0 0 rg BT 330.03 259.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 345.42 259.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 370.14 259.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 397.78 259.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 427.75 259.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 443.45 259.55 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 467.01 259.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 484.74 259.55 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 510.93 259.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 522.25 259.55 Td (discussed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 246.95 Td (above.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 221.75 Td (Supplemental ) Tj ET Q
q 0 0 0 rg BT 113.97 221.75 Td (Non-GAAP) Tj ET Q
q 0 0 0 rg BT 165.31 221.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 167.94 221.75 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 212.57 221.75 Td (Information) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 209.15 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.57 209.15 Td (supplemental ) Tj ET Q
q 0 0 0 rg BT 121.96 209.15 Td (information, ) Tj ET Q
q 0 0 0 rg BT 176.56 209.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 191.20 209.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 206.42 209.15 Td (providing ) Tj ET Q
q 0 0 0 rg BT 249.65 209.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 305.11 209.15 Td (measures ) Tj ET Q
q 0 0 0 rg BT 346.58 209.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 361.22 209.15 Td ("Adjusted ) Tj ET Q
q 0 0 0 rg BT 405.82 209.15 Td (Net ) Tj ET Q
q 0 0 0 rg BT 423.38 209.15 Td (Income", ) Tj ET Q
q 0 0 0 rg BT 464.18 209.15 Td ("Adjusted ) Tj ET Q
q 0 0 0 rg BT 508.78 209.15 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 548.51 209.15 Td (Per ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 196.55 Td (Diluted ) Tj ET Q
q 0 0 0 rg BT 82.79 196.55 Td (Share" ) Tj ET Q
q 0 0 0 rg BT 112.78 196.55 Td (\("Adjusted ) Tj ET Q
q 0 0 0 rg BT 160.28 196.55 Td (EPS"\) ) Tj ET Q
q 0 0 0 rg BT 187.95 196.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 204.90 196.55 Td (�Adjusted ) Tj ET Q
q 0 0 0 rg BT 249.28 196.55 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 293.06 196.55 Td (Mar) Tj ET Q
q 0 0 0 rg BT 310.36 196.55 Td (gin�, ) Tj ET Q
q 0 0 0 rg BT 332.86 196.55 Td (along ) Tj ET Q
q 0 0 0 rg BT 357.98 196.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 378.45 196.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 384.91 196.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 422.29 196.55 Td (measure ) Tj ET Q
q 0 0 0 rg BT 459.07 196.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 473.11 196.55 Td ("Adjusted ) Tj ET Q
q 0 0 0 rg BT 517.10 196.55 Td (EBITDA", ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 183.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 71.99 183.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 84.00 183.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 112.92 183.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 123.19 183.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 150.35 183.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 164.12 183.95 Td (methodologies ) Tj ET Q
q 0 0 0 rg BT 229.20 183.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 254.04 183.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 275.38 183.95 Td (generally ) Tj ET Q
q 0 0 0 rg BT 317.70 183.95 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 357.68 183.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 407.01 183.95 Td (principles ) Tj ET Q
q 0 0 0 rg BT 451.68 183.95 Td (\("non-GAAP"\). ) Tj ET Q
q 0 0 0 rg BT 520.97 183.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 524.23 183.95 Td (Ef) Tj ET Q
q 0 0 0 rg BT 533.95 183.95 Td (fective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 171.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 70.90 171.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 86.45 171.35 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 118.91 171.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 146.71 171.35 Td (June ) Tj ET Q
q 0 0 0 rg BT 168.68 171.35 Td (30, ) Tj ET Q
q 0 0 0 rg BT 184.54 171.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 210.89 171.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 225.86 171.35 Td (began ) Tj ET Q
q 0 0 0 rg BT 253.66 171.35 Td (disclosing ) Tj ET Q
q 0 0 0 rg BT 298.37 171.35 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 339.01 171.35 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 383.73 171.35 Td (Mar) Tj ET Q
q 0 0 0 rg BT 401.03 171.35 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 419.80 171.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 448.19 171.35 Td (revises ) Tj ET Q
q 0 0 0 rg BT 480.08 171.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 496.80 171.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 519.94 171.35 Td (disclosure ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 158.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.36 158.75 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 106.46 158.75 Td (Mar) Tj ET Q
q 0 0 0 rg BT 123.77 158.75 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 142.93 158.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 154.10 158.75 Td (Adjusted, ) Tj ET Q
q 0 0 0 rg BT 197.76 158.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 209.04 158.75 Td (include ) Tj ET Q
q 0 0 0 rg BT 243.06 158.75 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 296.34 158.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 311.70 158.75 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 368.47 158.75 Td (costs ) Tj ET Q
q 0 0 0 rg BT 392.58 158.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 410.86 158.75 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 460.05 158.75 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 501.07 158.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 519.35 158.75 Td (transition-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 146.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 80.69 146.15 Td (costs ) Tj ET Q
q 0 0 0 rg BT 104.31 146.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 119.18 146.15 Td (integration ) Tj ET Q
q 0 0 0 rg BT 167.30 146.15 Td (activities, ) Tj ET Q
q 0 0 0 rg BT 210.45 146.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 232.31 146.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 243.68 146.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 271.97 146.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 281.59 146.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 312.79 146.15 Td (described ) Tj ET Q
q 0 0 0 rg BT 355.65 146.15 Td (below) Tj ET Q
q 0 0 0 rg BT 380.62 146.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 125.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.94 125.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 125.70 125.55 Td (uses ) Tj ET Q
q 0 0 0 rg BT 146.90 125.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.85 125.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 219.01 125.55 Td (measures ) Tj ET Q
q 0 0 0 rg BT 261.19 125.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 273.06 125.55 Td (benchmarks ) Tj ET Q
q 0 0 0 rg BT 326.90 125.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 338.18 125.55 Td (evaluate ) Tj ET Q
q 0 0 0 rg BT 376.28 125.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 394.55 125.55 Td (compare ) Tj ET Q
q 0 0 0 rg BT 433.81 125.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 450.92 125.55 Td (period-to-period ) Tj ET Q
q 0 0 0 rg BT 522.85 125.55 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 112.95 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 108.35 112.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 111.30 112.95 Td (W) Tj ET Q
q 0 0 0 rg BT 120.37 112.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 128.20 112.95 Td (believe ) Tj ET Q
q 0 0 0 rg BT 161.69 112.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 180.61 112.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 205.36 112.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 261.59 112.95 Td (measures ) Tj ET Q
q 0 0 0 rg BT 303.83 112.95 Td (provide ) Tj ET Q
q 0 0 0 rg BT 339.08 112.95 Td (useful ) Tj ET Q
q 0 0 0 rg BT 367.92 112.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 420.67 112.95 Td (about ) Tj ET Q
q 0 0 0 rg BT 447.17 112.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 463.17 112.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 506.00 112.95 Td (results ) Tj ET Q
q 0 0 0 rg BT 536.59 112.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.51 112.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 100.35 Td (core ) Tj ET Q
q 0 0 0 rg BT 70.76 100.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 94.37 100.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 151.21 100.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 190.00 100.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 208.36 100.35 Td (facilitate ) Tj ET Q
q 0 0 0 rg BT 248.28 100.35 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 300.47 100.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 312.41 100.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 329.60 100.35 Td (results ) Tj ET Q
q 0 0 0 rg BT 360.21 100.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 371.58 100.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 396.35 100.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 419.96 100.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 476.80 100.35 Td (firms ) Tj ET Q
q 0 0 0 rg BT 502.16 100.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 520.52 100.35 Td (period-to-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 87.75 Td (period ) Tj ET Q
q 0 0 0 rg BT 79.11 87.75 Td (results. ) Tj ET Q
q 0 0 0 rg BT 111.93 87.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 114.52 87.75 Td (W) Tj ET Q
q 0 0 0 rg BT 123.59 87.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 131.03 87.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 146.63 87.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 166.33 87.75 Td (providing ) Tj ET Q
q 0 0 0 rg BT 209.95 87.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 217.39 87.75 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 264.84 87.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 267.62 87.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 305.99 87.75 Td (measure ) Tj ET Q
q 0 0 0 rg BT 343.76 87.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 358.17 87.75 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 398.87 87.75 Td (EBITDA, ) Tj ET Q
q 0 0 0 rg BT 442.78 87.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 471.22 87.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 488.00 87.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 544.43 87.75 Td (uses ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 75.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 59.94 75.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 66.28 75.15 Td (benchmark ) Tj ET Q
q 0 0 0 rg BT 114.62 75.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 124.47 75.15 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 169.90 75.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 186.74 75.15 Td (comparing ) Tj ET Q
q 0 0 0 rg BT 233.33 75.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 249.02 75.15 Td (period-to-period ) Tj ET Q
q 0 0 0 rg BT 319.52 75.15 Td (liquidity) Tj ET Q
q 0 0 0 rg BT 354.42 75.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 358.74 75.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 360.30 75.15 Td (W) Tj ET Q
q 0 0 0 rg BT 369.37 75.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 375.72 75.15 Td (believe ) Tj ET Q
q 0 0 0 rg BT 407.73 75.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 425.16 75.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 442.02 75.15 Td (measure ) Tj ET Q
q 0 0 0 rg BT 478.69 75.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 487.38 75.15 Td (useful ) Tj ET Q
q 0 0 0 rg BT 514.73 75.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 524.59 75.15 Td (investors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 62.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.89 62.55 Td (it ) Tj ET Q
q 0 0 0 rg BT 69.38 62.55 Td (provides ) Tj ET Q
q 0 0 0 rg BT 108.18 62.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 152.82 62.55 Td (information ) Tj ET Q
q 0 0 0 rg BT 205.04 62.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 226.36 62.55 Td (regard ) Tj ET Q
q 0 0 0 rg BT 255.82 62.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 266.63 62.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 283.28 62.55 Td (ability ) Tj ET Q
q 0 0 0 rg BT 312.75 62.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 323.57 62.55 Td (meet ) Tj ET Q
q 0 0 0 rg BT 346.62 62.55 Td (working ) Tj ET Q
q 0 0 0 rg BT 384.27 62.55 Td (capital ) Tj ET Q
q 0 0 0 rg BT 414.90 62.55 Td (requirements, ) Tj ET Q
q 0 0 0 rg BT 474.98 62.55 Td (service ) Tj ET Q
q 0 0 0 rg BT 507.36 62.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 524.01 62.55 Td (debt, ) Tj ET Q
q 0 0 0 rg BT 547.36 62.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 49.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 77.20 49.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 107.81 49.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 118.60 49.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 135.22 49.95 Td (stockholders. ) Tj ET Q
q 0 0 0 rg BT 193.55 49.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 196.17 49.95 Td ( ) Tj ET Q
endstream
endobj
117 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 118 0 R>>
endobj
118 0 obj
<</Length 29720>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (56) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 90.05 741.90 Td (Net ) Tj ET Q
q 0 0 0 rg BT 107.84 741.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 143.13 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 161.70 741.90 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 202.25 741.90 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 245.15 741.90 Td (per ) Tj ET Q
q 0 0 0 rg BT 261.77 741.90 Td (Diluted ) Tj ET Q
q 0 0 0 rg BT 296.48 741.90 Td (Share) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 89.58 729.30 Td (Net ) Tj ET Q
q 0 0 0 rg BT 106.90 729.30 Td (Income ) Tj ET Q
q 0 0 0 rg BT 140.54 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 157.39 729.30 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 197.47 729.30 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 217.72 729.30 Td (only ) Tj ET Q
q 0 0 0 rg BT 238.55 729.30 Td (include ) Tj ET Q
q 0 0 0 rg BT 271.62 729.30 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 323.94 729.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 338.35 729.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 369.07 729.30 Td (items ) Tj ET Q
q 0 0 0 rg BT 393.98 729.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 411.89 729.30 Td (relate ) Tj ET Q
q 0 0 0 rg BT 437.36 729.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 447.69 729.30 Td (operating ) Tj ET Q
q 0 0 0 rg BT 489.51 729.30 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 547.34 729.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 92.68 716.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 108.16 716.70 Td (most ) Tj ET Q
q 0 0 0 rg BT 131.25 716.70 Td (readily ) Tj ET Q
q 0 0 0 rg BT 163.06 716.70 Td (reconcilable ) Tj ET Q
q 0 0 0 rg BT 217.03 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 227.86 716.70 Td (Net ) Tj ET Q
q 0 0 0 rg BT 245.69 716.70 Td (Income ) Tj ET Q
q 0 0 0 rg BT 279.84 716.70 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 308.75 716.70 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 362.15 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 372.98 716.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 397.22 716.70 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 431.09 716.70 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 449.79 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.61 716.70 Td (Net ) Tj ET Q
q 0 0 0 rg BT 485.44 716.70 Td (Income ) Tj ET Q
q 0 0 0 rg BT 519.59 716.70 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 549.08 716.70 Td (per ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (Diluted ) Tj ET Q
q 0 0 0 rg BT 83.97 704.10 Td (Share ) Tj ET Q
q 0 0 0 rg BT 110.20 704.10 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 163.91 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 175.06 704.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 199.61 704.10 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 233.79 704.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 252.80 704.10 Td (Shareholders, ) Tj ET Q
q 0 0 0 rg BT 313.22 704.10 Td (determined ) Tj ET Q
q 0 0 0 rg BT 363.43 704.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 390.31 704.10 Td (generally ) Tj ET Q
q 0 0 0 rg BT 432.35 704.10 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 472.05 704.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 521.09 704.10 Td (principles ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (\("GAAP"\), ) Tj ET Q
q 0 0 0 rg BT 98.90 691.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 148.95 691.50 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 670.90 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 670.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.86 670.90 Td (define ) Tj ET Q
q 0 0 0 rg BT 94.14 670.90 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 134.68 670.90 Td (Net ) Tj ET Q
q 0 0 0 rg BT 152.46 670.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 186.57 670.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 197.95 670.90 Td (Net ) Tj ET Q
q 0 0 0 rg BT 215.73 670.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 249.84 670.90 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 278.72 670.90 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 332.08 670.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 342.87 670.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 367.07 670.90 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 400.91 670.90 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 419.56 670.90 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 457.18 670.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 467.97 670.90 Td (exclude ) Tj ET Q
q 0 0 0 rg BT 503.25 670.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 518.70 670.90 Td (following: ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 650.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 650.30 Td (Restructuring ) Tj ET Q
q 0 0 0 rg BT 145.28 650.30 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 171.53 650.30 Td (including:) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 635.43 cm
/I25 Do Q
q 0 0 0 rg BT 108.27 637.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 637.70 Td (Corporate ) Tj ET Q
q 0 0 0 rg BT 168.26 637.70 Td (char) Tj ET Q
q 0 0 0 rg BT 186.14 637.70 Td (ges ) Tj ET Q
q 0 0 0 rg BT 204.92 637.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 238.26 637.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 251.21 637.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 268.82 637.70 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 308.01 637.70 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 348.36 637.70 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 406.79 637.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 426.73 637.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 453.08 637.70 Td (cost ) Tj ET Q
q 0 0 0 rg BT 474.78 637.70 Td (saving ) Tj ET Q
q 0 0 0 rg BT 506.97 637.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.91 637.70 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 625.10 Td (initiatives, ) Tj ET Q
q 0 0 0 rg BT 168.16 625.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 210.45 625.10 Td (severance, ) Tj ET Q
q 0 0 0 rg BT 257.09 625.10 Td (lease ) Tj ET Q
q 0 0 0 rg BT 280.70 625.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.48 625.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 322.68 625.10 Td (costs ) Tj ET Q
q 0 0 0 rg BT 346.31 625.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 364.09 625.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 395.28 625.10 Td (transaction-related ) Tj ET Q
q 0 0 0 rg BT 476.04 625.10 Td (costs; ) Tj ET Q
q 0 0 0 rg BT 502.58 625.10 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 610.23 cm
/I26 Do Q
q 0 0 0 rg BT 108.27 612.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 612.50 Td (Af) Tj ET Q
q 0 0 0 rg BT 132.39 612.50 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 158.85 612.50 Td (char) Tj ET Q
q 0 0 0 rg BT 176.73 612.50 Td (ges, ) Tj ET Q
q 0 0 0 rg BT 195.33 612.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 236.96 612.50 Td (af) Tj ET Q
q 0 0 0 rg BT 244.93 612.50 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 271.39 612.50 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 327.02 612.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 344.15 612.50 Td (severance ) Tj ET Q
q 0 0 0 rg BT 387.51 612.50 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 413.11 612.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 430.25 612.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 460.79 612.50 Td (one-time ) Tj ET Q
q 0 0 0 rg BT 500.08 612.50 Td (char) Tj ET Q
q 0 0 0 rg BT 517.96 612.50 Td (ges ) Tj ET Q
q 0 0 0 rg BT 533.93 612.50 Td (arising ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 599.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 144.54 599.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.99 599.90 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 198.19 599.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.56 599.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 265.83 599.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 294.70 599.90 Td (plan ) Tj ET Q
q 0 0 0 rg BT 315.40 599.90 Td (awards) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 587.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 587.30 Td (Amortization ) Tj ET Q
q 0 0 0 rg BT 144.11 587.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 155.48 587.30 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 200.10 587.30 Td (assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 574.70 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 574.70 Td (Gains ) Tj ET Q
q 0 0 0 rg BT 112.62 574.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 130.41 574.70 Td (losses ) Tj ET Q
q 0 0 0 rg BT 158.12 574.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 171.25 574.70 Td (seed ) Tj ET Q
q 0 0 0 rg BT 192.53 574.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 210.31 574.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 234.51 574.70 Td (investments ) Tj ET Q
q 0 0 0 rg BT 287.30 574.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 305.67 574.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 321.12 574.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 337.16 574.70 Td (of) Tj ET Q
q 0 0 0 rg BT 345.72 574.70 Td (fset ) Tj ET Q
q 0 0 0 rg BT 363.50 574.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 376.63 574.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 437.57 574.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 448.94 574.70 Td (hedges) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 562.10 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 562.10 Td (Acquisition ) Tj ET Q
q 0 0 0 rg BT 137.76 562.10 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 178.92 562.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.34 562.10 Td (transition-related ) Tj ET Q
q 0 0 0 rg BT 272.32 562.10 Td (costs ) Tj ET Q
q 0 0 0 rg BT 296.58 562.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 312.08 562.10 Td (integration ) Tj ET Q
q 0 0 0 rg BT 360.83 562.10 Td (activities, ) Tj ET Q
q 0 0 0 rg BT 404.62 562.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 447.54 562.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 479.36 562.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 511.18 562.10 Td (professional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 549.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 105.03 549.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 122.81 549.50 Td (costs ) Tj ET Q
q 0 0 0 rg BT 146.44 549.50 Td (associated ) Tj ET Q
q 0 0 0 rg BT 192.22 549.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 213.51 549.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 228.96 549.50 Td (transition ) Tj ET Q
q 0 0 0 rg BT 271.25 549.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 289.04 549.50 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 337.74 549.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 349.11 549.50 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 387.88 549.50 Td (businesses) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 536.90 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 536.90 Td (Impairments ) Tj ET Q
q 0 0 0 rg BT 141.20 536.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 152.57 536.90 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 197.18 536.90 Td (assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 524.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 524.30 Td (Contingent ) Tj ET Q
q 0 0 0 rg BT 134.79 524.30 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 193.98 524.30 Td (fair ) Tj ET Q
q 0 0 0 rg BT 211.18 524.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 236.54 524.30 Td (adjustments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 511.70 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 511.70 Td (Char) Tj ET Q
q 0 0 0 rg BT 105.72 511.70 Td (ges ) Tj ET Q
q 0 0 0 rg BT 122.34 511.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 153.53 511.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 164.32 511.70 Td (significant ) Tj ET Q
q 0 0 0 rg BT 211.27 511.70 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 251.81 511.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 263.19 511.70 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 308.96 511.70 Td (matters) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 499.10 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 499.10 Td (Income ) Tj ET Q
q 0 0 0 rg BT 120.98 499.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 137.81 499.10 Td (expense ) Tj ET Q
q 0 0 0 rg BT 175.63 499.10 Td (\(benefit\) ) Tj ET Q
q 0 0 0 rg BT 215.77 499.10 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 269.93 499.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 282.10 499.10 Td (provide ) Tj ET Q
q 0 0 0 rg BT 318.17 499.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 332.08 499.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 340.05 499.10 Td (fective ) Tj ET Q
q 0 0 0 rg BT 372.61 499.10 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 420.05 499.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 424.05 499.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 440.88 499.10 Td (rate ) Tj ET Q
q 0 0 0 rg BT 460.61 499.10 Td (commensurate ) Tj ET Q
q 0 0 0 rg BT 525.84 499.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 548.50 499.10 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 486.50 Td (expected ) Tj ET Q
q 0 0 0 rg BT 125.44 486.50 Td (annual ) Tj ET Q
q 0 0 0 rg BT 156.05 486.50 Td (pre-tax ) Tj ET Q
q 0 0 0 rg BT 187.83 486.50 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 228.37 486.50 Td (Net ) Tj ET Q
q 0 0 0 rg BT 246.15 486.50 Td (Income, ) Tj ET Q
q 0 0 0 rg BT 282.89 486.50 Td (including:) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 471.63 cm
/I27 Do Q
q 0 0 0 rg BT 108.27 473.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 473.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 140.45 473.90 Td (impact ) Tj ET Q
q 0 0 0 rg BT 171.65 473.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 184.77 473.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 218.30 473.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 233.76 473.90 Td (expense ) Tj ET Q
q 0 0 0 rg BT 270.20 473.90 Td (\(benefit\) ) Tj ET Q
q 0 0 0 rg BT 308.97 473.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 320.34 473.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 335.80 473.90 Td (above ) Tj ET Q
q 0 0 0 rg BT 363.49 473.90 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 410.94 473.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 413.56 473.90 Td (adjustments; ) Tj ET Q
q 0 0 0 rg BT 469.27 473.90 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 459.03 cm
/I28 Do Q
q 0 0 0 rg BT 108.27 461.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 461.30 Td (Other ) Tj ET Q
q 0 0 0 rg BT 147.00 461.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 161.42 461.30 Td (items, ) Tj ET Q
q 0 0 0 rg BT 188.39 461.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 229.64 461.30 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 266.20 461.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 280.62 461.30 Td (asset ) Tj ET Q
q 0 0 0 rg BT 302.63 461.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 319.38 461.30 Td (liability ) Tj ET Q
q 0 0 0 rg BT 353.64 461.30 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 405.39 461.30 Td (associated ) Tj ET Q
q 0 0 0 rg BT 450.14 461.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 470.40 461.30 Td (statutory ) Tj ET Q
q 0 0 0 rg BT 508.73 461.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 526.06 461.30 Td (changes, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 448.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 136.76 448.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 167.77 448.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 178.95 448.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 202.95 448.70 Td (aspects ) Tj ET Q
q 0 0 0 rg BT 235.71 448.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.89 448.70 Td (recent ) Tj ET Q
q 0 0 0 rg BT 274.97 448.70 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 296.07 448.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 311.33 448.70 Td (reform, ) Tj ET Q
q 0 0 0 rg BT 344.96 448.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 362.55 448.70 Td (shortfalls ) Tj ET Q
q 0 0 0 rg BT 404.06 448.70 Td (\(and ) Tj ET Q
q 0 0 0 rg BT 425.15 448.70 Td (windfalls\) ) Tj ET Q
q 0 0 0 rg BT 470.16 448.70 Td (associated ) Tj ET Q
q 0 0 0 rg BT 515.74 448.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 536.84 448.70 Td (stock-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 436.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 148.03 436.10 Td (compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 410.90 Td (Adjustments ) Tj ET Q
q 0 0 0 rg BT 105.29 410.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 120.24 410.90 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 176.59 410.90 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 202.92 410.90 Td (gains ) Tj ET Q
q 0 0 0 rg BT 227.79 410.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 245.65 410.90 Td (losses ) Tj ET Q
q 0 0 0 rg BT 273.44 410.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 286.64 410.90 Td (seed ) Tj ET Q
q 0 0 0 rg BT 308.00 410.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 325.87 410.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 350.15 410.90 Td (investments ) Tj ET Q
q 0 0 0 rg BT 403.01 410.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 421.46 410.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 436.98 410.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 453.10 410.90 Td (of) Tj ET Q
q 0 0 0 rg BT 461.66 410.90 Td (fset ) Tj ET Q
q 0 0 0 rg BT 479.52 410.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 492.73 410.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 553.75 410.90 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 398.30 Td (hedges, ) Tj ET Q
q 0 0 0 rg BT 83.79 398.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.45 398.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 116.78 398.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 150.20 398.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 165.53 398.30 Td (expense ) Tj ET Q
q 0 0 0 rg BT 201.85 398.30 Td (\(benefit\) ) Tj ET Q
q 0 0 0 rg BT 240.50 398.30 Td (items ) Tj ET Q
q 0 0 0 rg BT 265.75 398.30 Td (described ) Tj ET Q
q 0 0 0 rg BT 308.49 398.30 Td (above ) Tj ET Q
q 0 0 0 rg BT 336.07 398.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 351.39 398.30 Td (included ) Tj ET Q
q 0 0 0 rg BT 390.05 398.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 400.72 398.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 416.05 398.30 Td (calculation ) Tj ET Q
q 0 0 0 rg BT 464.62 398.30 Td (because ) Tj ET Q
q 0 0 0 rg BT 500.35 398.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 524.43 398.30 Td (items ) Tj ET Q
q 0 0 0 rg BT 549.69 398.30 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 385.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 64.71 385.70 Td (reflective ) Tj ET Q
q 0 0 0 rg BT 106.14 385.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.69 385.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 132.48 385.70 Td (core ) Tj ET Q
q 0 0 0 rg BT 152.34 385.70 Td (asset ) Tj ET Q
q 0 0 0 rg BT 174.54 385.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 229.98 385.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 267.37 385.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 277.91 385.70 Td (providing ) Tj ET Q
q 0 0 0 rg BT 320.53 385.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 368.41 385.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 423.84 385.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 440.80 385.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 471.16 385.70 Td (products ) Tj ET Q
q 0 0 0 rg BT 509.11 385.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.07 385.70 Td (services. ) Tj ET Q
q 0 0 0 rg BT 565.14 385.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 373.10 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 373.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 66.25 373.10 Td (adjust ) Tj ET Q
q 0 0 0 rg BT 94.36 373.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 109.63 373.10 Td (acquisition-related ) Tj ET Q
q 0 0 0 rg BT 190.79 373.10 Td (items, ) Tj ET Q
q 0 0 0 rg BT 219.19 373.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 261.87 373.10 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 317.96 373.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 329.73 373.10 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 374.75 373.10 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 404.89 373.10 Td (impairments ) Tj ET Q
q 0 0 0 rg BT 460.41 373.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 472.18 373.10 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 517.19 373.10 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 547.34 373.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 360.50 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 96.72 360.50 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 156.19 360.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 173.66 360.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 199.29 360.50 Td (adjustments, ) Tj ET Q
q 0 0 0 rg BT 254.98 360.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 266.05 360.50 Td (make ) Tj ET Q
q 0 0 0 rg BT 291.68 360.50 Td (it ) Tj ET Q
q 0 0 0 rg BT 300.42 360.50 Td (easier ) Tj ET Q
q 0 0 0 rg BT 327.80 360.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 338.86 360.50 Td (identify ) Tj ET Q
q 0 0 0 rg BT 374.42 360.50 Td (trends ) Tj ET Q
q 0 0 0 rg BT 402.98 360.50 Td (af) Tj ET Q
q 0 0 0 rg BT 410.95 360.50 Td (fecting ) Tj ET Q
q 0 0 0 rg BT 443.00 360.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 459.89 360.50 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 508.28 360.50 Td (business ) Tj ET Q
q 0 0 0 rg BT 546.77 360.50 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 347.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 65.26 347.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 81.61 347.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 113.12 347.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 124.22 347.90 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 177.33 347.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 188.43 347.90 Td (facilitate ) Tj ET Q
q 0 0 0 rg BT 228.10 347.90 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 280.03 347.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 291.71 347.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 308.65 347.90 Td (operating ) Tj ET Q
q 0 0 0 rg BT 351.24 347.90 Td (results ) Tj ET Q
q 0 0 0 rg BT 381.59 347.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 403.20 347.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.97 347.90 Td (results ) Tj ET Q
q 0 0 0 rg BT 449.32 347.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 461.01 347.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 485.52 347.90 Td (asset ) Tj ET Q
q 0 0 0 rg BT 508.87 347.90 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 335.30 Td (firms ) Tj ET Q
q 0 0 0 rg BT 74.79 335.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 93.65 335.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 116.59 335.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 133.13 335.30 Td (engaged ) Tj ET Q
q 0 0 0 rg BT 171.24 335.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 182.52 335.30 Td (significant ) Tj ET Q
q 0 0 0 rg BT 229.97 335.30 Td (acquisitions. ) Tj ET Q
q 0 0 0 rg BT 285.88 335.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 288.78 335.30 Td (W) Tj ET Q
q 0 0 0 rg BT 297.85 335.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 305.63 335.30 Td (adjust ) Tj ET Q
q 0 0 0 rg BT 333.83 335.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 349.20 335.30 Td (char) Tj ET Q
q 0 0 0 rg BT 367.07 335.30 Td (ges ) Tj ET Q
q 0 0 0 rg BT 384.19 335.30 Td (\(credits\) ) Tj ET Q
q 0 0 0 rg BT 422.30 335.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 453.98 335.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 465.27 335.30 Td (significant ) Tj ET Q
q 0 0 0 rg BT 512.71 335.30 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 553.75 335.30 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 322.70 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 95.56 322.70 Td (matters, ) Tj ET Q
q 0 0 0 rg BT 132.00 322.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 147.73 322.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 159.39 322.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 177.46 322.70 Td (insurance ) Tj ET Q
q 0 0 0 rg BT 220.60 322.70 Td (proceeds ) Tj ET Q
q 0 0 0 rg BT 260.82 322.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 278.89 322.70 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 315.03 322.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 340.09 322.70 Td (adjustments, ) Tj ET Q
q 0 0 0 rg BT 395.79 322.70 Td (because ) Tj ET Q
q 0 0 0 rg BT 431.92 322.70 Td (these ) Tj ET Q
q 0 0 0 rg BT 456.41 322.70 Td (matters ) Tj ET Q
q 0 0 0 rg BT 490.22 322.70 Td (do ) Tj ET Q
q 0 0 0 rg BT 503.63 322.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 519.96 322.70 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 549.67 322.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 310.10 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 97.62 310.10 Td (operations ) Tj ET Q
q 0 0 0 rg BT 143.98 310.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 161.77 310.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 217.44 310.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.81 310.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 245.44 310.10 Td (business. ) Tj ET Q
q 0 0 0 rg BT 286.27 310.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 289.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.51 289.50 Td (calculating ) Tj ET Q
q 0 0 0 rg BT 108.33 289.50 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 148.50 289.50 Td (EPS, ) Tj ET Q
q 0 0 0 rg BT 171.48 289.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 185.99 289.50 Td (adjust ) Tj ET Q
q 0 0 0 rg BT 213.33 289.50 Td (Net ) Tj ET Q
q 0 0 0 rg BT 230.75 289.50 Td (Income ) Tj ET Q
q 0 0 0 rg BT 264.49 289.50 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 293.58 289.50 Td (per ) Tj ET Q
q 0 0 0 rg BT 309.25 289.50 Td (Diluted ) Tj ET Q
q 0 0 0 rg BT 343.01 289.50 Td (Share ) Tj ET Q
q 0 0 0 rg BT 368.68 289.50 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 421.67 289.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 432.10 289.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 455.94 289.50 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 489.40 289.50 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 507.70 289.50 Td (Shareholders ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 276.90 Td (determined ) Tj ET Q
q 0 0 0 rg BT 99.41 276.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 126.00 276.90 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 154.20 276.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 156.89 276.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 171.81 276.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.32 276.90 Td (per ) Tj ET Q
q 0 0 0 rg BT 203.41 276.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 228.25 276.90 Td (impact ) Tj ET Q
q 0 0 0 rg BT 259.50 276.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 270.93 276.90 Td (each ) Tj ET Q
q 0 0 0 rg BT 292.85 276.90 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 341.61 276.90 Td (\(net ) Tj ET Q
q 0 0 0 rg BT 360.62 276.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 372.05 276.90 Td (taxes\) ) Tj ET Q
q 0 0 0 rg BT 399.80 276.90 Td (included ) Tj ET Q
q 0 0 0 rg BT 438.64 276.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 449.49 276.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 465.00 276.90 Td (calculation ) Tj ET Q
q 0 0 0 rg BT 513.74 276.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 524.58 276.90 Td (Adjusted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 264.30 Td (Net ) Tj ET Q
q 0 0 0 rg BT 67.29 264.30 Td (Income.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 243.70 Td (These ) Tj ET Q
q 0 0 0 rg BT 76.81 243.70 Td (measures ) Tj ET Q
q 0 0 0 rg BT 118.12 243.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 133.18 243.70 Td (provided ) Tj ET Q
q 0 0 0 rg BT 172.75 243.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 183.16 243.70 Td (addition ) Tj ET Q
q 0 0 0 rg BT 219.81 243.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 230.22 243.70 Td (Net ) Tj ET Q
q 0 0 0 rg BT 247.63 243.70 Td (Income ) Tj ET Q
q 0 0 0 rg BT 281.35 243.70 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 309.93 243.70 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 362.91 243.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 373.32 243.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 397.14 243.70 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 430.59 243.70 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 451.48 243.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 468.89 243.70 Td (Net ) Tj ET Q
q 0 0 0 rg BT 486.29 243.70 Td (Income ) Tj ET Q
q 0 0 0 rg BT 520.02 243.70 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 549.09 243.70 Td (per ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 231.10 Td (Diluted ) Tj ET Q
q 0 0 0 rg BT 83.46 231.10 Td (Share ) Tj ET Q
q 0 0 0 rg BT 109.29 231.10 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 162.49 231.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 173.12 231.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 197.15 231.10 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 230.82 231.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 249.32 231.10 Td (Shareholders, ) Tj ET Q
q 0 0 0 rg BT 309.22 231.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 326.85 231.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 342.13 231.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 358.01 231.10 Td (substitutes ) Tj ET Q
q 0 0 0 rg BT 404.81 231.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 419.52 231.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 443.55 231.10 Td (measures. ) Tj ET Q
q 0 0 0 rg BT 487.53 231.10 Td (These ) Tj ET Q
q 0 0 0 rg BT 515.07 231.10 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 562.51 231.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 218.50 Td (measures ) Tj ET Q
q 0 0 0 rg BT 90.90 218.50 Td (should ) Tj ET Q
q 0 0 0 rg BT 121.23 218.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 136.97 218.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 149.21 218.50 Td (considered ) Tj ET Q
q 0 0 0 rg BT 197.01 218.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 207.51 218.50 Td (isolation ) Tj ET Q
q 0 0 0 rg BT 246.00 218.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 263.49 218.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 283.89 218.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 299.64 218.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 311.87 218.50 Td (comparable ) Tj ET Q
q 0 0 0 rg BT 363.17 218.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 373.67 218.50 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 421.11 218.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 423.44 218.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 478.81 218.50 Td (measures, ) Tj ET Q
q 0 0 0 rg BT 522.83 218.50 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 205.90 Td (measures ) Tj ET Q
q 0 0 0 rg BT 90.43 205.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 101.04 205.90 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 137.90 205.90 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 175.33 205.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 185.94 205.90 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 222.79 205.90 Td (income, ) Tj ET Q
q 0 0 0 rg BT 258.19 205.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 275.21 205.90 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 312.06 205.90 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 349.50 205.90 Td (per ) Tj ET Q
q 0 0 0 rg BT 364.77 205.90 Td (share, ) Tj ET Q
q 0 0 0 rg BT 391.41 205.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.02 205.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 425.46 205.90 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 474.85 205.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 524.89 205.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 529.38 205.90 Td (Further) Tj ET Q
q 0 0 0 rg BT 559.87 205.90 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 193.30 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 90.18 193.30 Td (Net ) Tj ET Q
q 0 0 0 rg BT 108.10 193.30 Td (Income ) Tj ET Q
q 0 0 0 rg BT 142.34 193.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 159.66 193.30 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 200.33 193.30 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 221.19 193.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 236.77 193.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 252.94 193.30 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 291.29 193.30 Td (measures ) Tj ET Q
q 0 0 0 rg BT 333.12 193.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 351.04 193.30 Td (should ) Tj ET Q
q 0 0 0 rg BT 381.81 193.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 397.99 193.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 410.66 193.30 Td (used ) Tj ET Q
q 0 0 0 rg BT 432.66 193.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 443.59 193.30 Td (place ) Tj ET Q
q 0 0 0 rg BT 468.50 193.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 480.01 193.30 Td (cash ) Tj ET Q
q 0 0 0 rg BT 501.43 193.30 Td (flow ) Tj ET Q
q 0 0 0 rg BT 523.44 193.30 Td (measures ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 180.70 Td (determined ) Tj ET Q
q 0 0 0 rg BT 99.36 180.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 125.89 180.70 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 153.31 180.70 Td (.) Tj ET Q
endstream
endobj
119 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 120 0 R>>
endobj
120 0 obj
<</Length 22819>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (57) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.06 741.75 Td (calculations ) Tj ET Q
q 0 0 0 rg BT 120.43 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.92 741.75 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 171.06 741.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 188.46 741.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 222.17 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 239.07 741.75 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 279.22 741.75 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 299.54 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 314.59 741.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 325.57 741.75 Td (follows ) Tj ET Q
q 0 0 0 rg BT 359.30 741.75 Td (\(dollars ) Tj ET Q
q 0 0 0 rg BT 393.60 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 404.00 741.75 Td (thousands, ) Tj ET Q
q 0 0 0 rg BT 450.86 741.75 Td (except ) Tj ET Q
q 0 0 0 rg BT 480.49 741.75 Td (per ) Tj ET Q
q 0 0 0 rg BT 496.13 741.75 Td (share ) Tj ET Q
q 0 0 0 rg BT 520.51 741.75 Td (amounts\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 716.25 m
420 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
420 716.25 m
424 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 716.25 m
491 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
491 716.25 m
495 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495 716.25 m
562 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 716.25 m
420 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 701.25 m
420 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
420 716.25 m
424 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 716.25 m
491 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 701.25 m
491 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
491 716.25 m
495 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495 716.25 m
562 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495 701.25 m
562 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 701.25 m
349 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 480.25 m
349 480.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 465.25 m
349 465.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 480.25 m
420 480.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 465.25 m
420 465.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 480.25 m
491 480.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 465.25 m
491 465.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495 480.25 m
562 480.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495 465.25 m
562 465.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 254.25 m
349 254.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 239.25 m
349 239.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 254.25 m
420 254.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 239.25 m
420 239.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 254.25 m
491 254.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
424 239.25 m
491 239.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495 254.25 m
562 254.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495 239.25 m
562 239.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.65 721.02 Td (Y) Tj ET Q
q 0 0 0 rg BT 414.71 721.02 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 375.50 706.04 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.50 706.02 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.50 706.02 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 691.02 Td (Net Income \(Loss\) ) Tj ET Q
q 0 0 0 rg BT 132.56 691.02 Td (Attributable to Legg Mason, Inc.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 355.50 691.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.85 691.04 Td (251,367) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 691.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 691.02 Td (\(28,508) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 691.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.50 691.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 691.02 Td (285,075) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.50 676.02 Td (Plus \(less\):) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 661.02 Td (Restructuring costs:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.00 646.47 Td (Strategic restructuring and other corporate initiatives) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 295.89 651.23 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 387.10 646.04 Td (90,519) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.10 646.02 Td (23,655) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 646.02 Td (5,054) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.00 631.02 Td (Af) Tj ET Q
q 0 0 0 rg BT 84.89 631.02 Td (filiate char) Tj ET Q
q 0 0 0 rg BT 129.88 631.02 Td (ges) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 143.88 635.78 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 392.35 631.04 Td (2,414) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 631.02 Td (7,526) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 631.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 616.02 Td (Amortization of intangible assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 387.10 616.04 Td (22,539) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.10 616.02 Td (24,404) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 616.02 Td (24,604) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 600.52 Td (Gains and losses on seed and other investments not of) Tj ET Q
q 0 0 0 rg BT 291.50 600.52 Td (fset by) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.00 590.02 Td (compensation or hedges) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 392.35 590.04 Td (1,256) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 590.02 Td (\(17,777) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 590.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.75 590.02 Td (\(728) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 590.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 575.02 Td (Acquisition and transition-related costs) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.50 575.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 575.02 Td (2,466) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 575.02 Td (7,049) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 560.02 Td (Impairments of intangible assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.50 560.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.85 560.02 Td (365,200) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 560.02 Td (229,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 545.02 Td (Contingent consideration fair value adjustments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 396.75 545.04 Td (\(915) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 416.00 545.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.25 545.02 Td (571) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 545.02 Td (\(31,329) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 545.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 530.02 Td (Char) Tj ET Q
q 0 0 0 rg BT 85.32 530.02 Td (ges related to significant regulatory matters) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.50 530.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 530.02 Td (4,151) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 530.02 Td (67,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 515.02 Td (Income tax adjustments:) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 167.65 519.78 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.00 500.02 Td (Impacts of non-GAAP) Tj ET Q
q 0 0 0 rg BT 168.88 500.02 Td ( adjustments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 383.60 500.04 Td (\(31,285) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 416.00 500.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.35 500.02 Td (\(103,049) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 500.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 500.02 Td (\(54,324) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 500.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.00 485.02 Td (Other tax items) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 392.35 485.04 Td (3,097) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 485.02 Td (9,980) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.35 485.02 Td (\(208,993) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 485.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 470.02 Td (Adjusted Net Income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 355.50 470.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.85 470.04 Td (338,992) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 470.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.85 470.02 Td (288,619) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.50 470.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 470.02 Td (322,408) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 445.52 Td (Net Income \(Loss\) Per Diluted Share ) Tj ET Q
q 0 0 0 rg BT 209.84 445.52 Td (Attributable to Legg Mason,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.50 435.02 Td (Inc. Shareholders) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 355.50 435.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.60 435.04 Td (2.79) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 435.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 435.02 Td (\(0.38) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 435.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.50 435.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 435.02 Td (3.01) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.50 420.02 Td (Plus \(less\), net of tax impacts:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 405.02 Td (Restructuring costs:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.00 390.47 Td (Strategic restructuring and other corporate initiatives) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.60 390.04 Td (0.73) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.60 390.02 Td (0.20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 390.02 Td (0.04) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.00 375.02 Td (Af) Tj ET Q
q 0 0 0 rg BT 84.89 375.02 Td (filiate char) Tj ET Q
q 0 0 0 rg BT 129.88 375.02 Td (ges) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.60 375.04 Td (0.02) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.60 375.02 Td (0.06) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 375.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 360.02 Td (Amortization of intangible assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.60 360.04 Td (0.18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.60 360.02 Td (0.21) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 360.02 Td (0.18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 344.52 Td (Gains and losses on seed and other investments not of) Tj ET Q
q 0 0 0 rg BT 291.50 344.52 Td (fset by) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.00 334.02 Td (compensation or hedges) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.60 334.04 Td (0.01) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 334.02 Td (\(0.15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 334.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 334.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 319.02 Td (Acquisition and transition-related costs) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.50 319.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.60 319.02 Td (0.02) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 319.02 Td (0.05) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 304.02 Td (Impairments of intangible assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.50 304.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.60 304.02 Td (3.12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 304.02 Td (1.96) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 289.02 Td (Contingent consideration fair value adjustments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.50 289.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.60 289.02 Td (0.01) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 289.02 Td (\(0.33) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 289.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 274.02 Td (Char) Tj ET Q
q 0 0 0 rg BT 85.22 274.02 Td (ges related to significant regulatory matters) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.50 274.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.60 274.02 Td (0.05) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 274.02 Td (0.71) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 259.02 Td (Other tax items) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.60 259.04 Td (0.03) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.60 259.02 Td (0.12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 259.02 Td (\(2.21) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 259.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 244.02 Td (Adjusted Earnings per Diluted Share) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 355.50 244.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.60 244.04 Td (3.76) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 244.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.60 244.02 Td (3.26) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.50 244.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 244.02 Td (3.41) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 229.55 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 67.50 229.55 Td (See ) Tj ET Q
q 0 0 0 rg BT 81.90 229.55 Td (Note ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 100.55 229.55 Td (18) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 109.05 229.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 111.17 229.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 120.38 229.55 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 142.33 229.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 151.07 229.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 198.05 229.55 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 231.81 229.55 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 271.24 229.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 283.27 229.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 319.39 229.55 Td (information ) Tj ET Q
q 0 0 0 rg BT 361.65 229.55 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 396.34 229.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 409.80 229.55 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 440.72 229.55 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 486.27 229.55 Td (initiatives.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 219.35 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 67.50 219.35 Td (See ) Tj ET Q
q 0 0 0 rg BT 81.90 219.35 Td ("Results ) Tj ET Q
q 0 0 0 rg BT 112.53 219.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 121.73 219.35 Td (Operations" ) Tj ET Q
q 0 0 0 rg BT 164.62 219.35 Td (above ) Tj ET Q
q 0 0 0 rg BT 187.04 219.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 199.08 219.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 235.20 219.35 Td (information ) Tj ET Q
q 0 0 0 rg BT 277.45 219.35 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 312.15 219.35 Td (af) Tj ET Q
q 0 0 0 rg BT 318.60 219.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 340.55 219.35 Td (char) Tj ET Q
q 0 0 0 rg BT 355.02 219.35 Td (ges.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 209.15 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 67.50 209.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 82.84 209.15 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 121.25 209.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 123.37 209.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 129.82 209.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 155.07 209.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 167.58 209.15 Td (rates ) Tj ET Q
q 0 0 0 rg BT 185.75 209.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 197.79 209.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 210.30 209.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 230.36 209.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 252.78 209.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 277.09 209.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 289.84 209.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 311.09 209.15 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 330.21 209.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 344.61 209.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 365.86 209.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 384.50 209.15 Td (26.1%, ) Tj ET Q
q 0 0 0 rg BT 410.71 209.15 Td (26.0% ) Tj ET Q
q 0 0 0 rg BT 434.79 209.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 449.19 209.15 Td (30.1%, ) Tj ET Q
q 0 0 0 rg BT 475.39 209.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 515.91 209.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 184.55 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 90.41 184.55 Td (Net ) Tj ET Q
q 0 0 0 rg BT 108.56 184.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 143.04 184.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 162.37 184.55 Td ($339.0 ) Tj ET Q
q 0 0 0 rg BT 194.24 184.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 230.19 184.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 241.93 184.55 Td ($3.76 ) Tj ET Q
q 0 0 0 rg BT 268.55 184.55 Td (per ) Tj ET Q
q 0 0 0 rg BT 284.96 184.55 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 317.11 184.55 Td (share, ) Tj ET Q
q 0 0 0 rg BT 344.89 184.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 360.12 184.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.95 184.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 397.01 184.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 425.07 184.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 455.47 184.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 471.59 184.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 498.21 184.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 509.95 184.55 Td (compared ) Tj ET Q
q 0 0 0 rg BT 554.34 184.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 171.95 Td ($288.6 ) Tj ET Q
q 0 0 0 rg BT 80.68 171.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 115.95 171.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 127.00 171.95 Td ($3.26 ) Tj ET Q
q 0 0 0 rg BT 152.93 171.95 Td (per ) Tj ET Q
q 0 0 0 rg BT 168.64 171.95 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 200.11 171.95 Td (share, ) Tj ET Q
q 0 0 0 rg BT 227.19 171.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 241.74 171.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.87 171.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 277.24 171.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 304.62 171.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 334.33 171.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 349.76 171.95 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 375.69 171.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 377.83 171.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 396.46 171.95 Td (increase ) Tj ET Q
q 0 0 0 rg BT 433.15 171.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 451.79 171.95 Td (driven ) Tj ET Q
q 0 0 0 rg BT 480.92 171.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 493.72 171.95 Td (higher ) Tj ET Q
q 0 0 0 rg BT 522.85 171.95 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 159.35 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 92.84 159.35 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 136.47 159.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 149.78 159.35 Td (increase ) Tj ET Q
q 0 0 0 rg BT 187.57 159.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 199.14 159.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 248.62 159.35 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 288.18 159.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 308.48 159.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 332.30 159.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 359.03 159.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.59 159.35 Td (separate ) Tj ET Q
q 0 0 0 rg BT 415.38 159.35 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 455.52 159.35 Td (driven ) Tj ET Q
q 0 0 0 rg BT 485.75 159.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 499.65 159.35 Td (higher ) Tj ET Q
q 0 0 0 rg BT 529.87 159.35 Td (average ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 146.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 76.58 146.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 94.31 146.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 106.79 146.75 Td (increase ) Tj ET Q
q 0 0 0 rg BT 143.76 146.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 154.50 146.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 210.13 146.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 229.60 146.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 247.92 146.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 270.90 146.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 286.89 146.75 Td (passed ) Tj ET Q
q 0 0 0 rg BT 317.46 146.75 Td (through ) Tj ET Q
q 0 0 0 rg BT 352.70 146.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 364.02 146.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 424.91 146.75 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 463.93 146.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 475.25 146.75 Td (well ) Tj ET Q
q 0 0 0 rg BT 495.90 146.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 507.22 146.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 522.62 146.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 553.77 146.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 134.15 Td (savings ) Tj ET Q
q 0 0 0 rg BT 83.63 134.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 106.66 134.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.11 134.15 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 160.31 134.15 Td (restructuring. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 108.95 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 90.41 108.95 Td (Net ) Tj ET Q
q 0 0 0 rg BT 108.56 108.95 Td (Income ) Tj ET Q
q 0 0 0 rg BT 143.04 108.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 162.37 108.95 Td ($288.6 ) Tj ET Q
q 0 0 0 rg BT 194.24 108.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 230.19 108.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 241.93 108.95 Td ($3.26 ) Tj ET Q
q 0 0 0 rg BT 268.55 108.95 Td (per ) Tj ET Q
q 0 0 0 rg BT 284.96 108.95 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 317.11 108.95 Td (share, ) Tj ET Q
q 0 0 0 rg BT 344.89 108.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 360.12 108.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.95 108.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 397.01 108.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 425.07 108.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 455.47 108.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 471.59 108.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 498.21 108.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 509.95 108.95 Td (compared ) Tj ET Q
q 0 0 0 rg BT 554.34 108.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 96.35 Td ($322.4 ) Tj ET Q
q 0 0 0 rg BT 81.25 96.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 117.10 96.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 128.72 96.35 Td ($3.41 ) Tj ET Q
q 0 0 0 rg BT 155.22 96.35 Td (per ) Tj ET Q
q 0 0 0 rg BT 171.51 96.35 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 203.55 96.35 Td (share, ) Tj ET Q
q 0 0 0 rg BT 231.21 96.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 246.33 96.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.04 96.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 282.99 96.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 310.94 96.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 341.22 96.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 357.22 96.35 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 383.73 96.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 385.97 96.35 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 426.77 96.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 444.81 96.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 479.17 96.35 Td (decreased ) Tj ET Q
q 0 0 0 rg BT 523.44 96.35 Td (primarily ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 83.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 67.29 83.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 78.08 83.75 Td (lower ) Tj ET Q
q 0 0 0 rg BT 104.61 83.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 146.89 83.75 Td (revenues.) Tj ET Q
endstream
endobj
121 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 122 0 R>>
endobj
122 0 obj
<</Length 36252>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (58) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 90.05 741.90 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 136.43 741.90 Td (Margin) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 729.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 66.10 729.30 Td (calculate ) Tj ET Q
q 0 0 0 rg BT 105.65 729.30 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 146.44 729.30 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 191.30 729.30 Td (Mar) Tj ET Q
q 0 0 0 rg BT 208.60 729.30 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 227.52 729.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 240.89 729.30 Td (dividing ) Tj ET Q
q 0 0 0 rg BT 278.77 729.30 Td (�Adjusted ) Tj ET Q
q 0 0 0 rg BT 324.22 729.30 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 369.08 729.30 Td (Income�, ) Tj ET Q
q 0 0 0 rg BT 410.72 729.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 424.09 729.30 Td (�Adjusted ) Tj ET Q
q 0 0 0 rg BT 469.54 729.30 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 514.40 729.30 Td (Revenues�, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (each ) Tj ET Q
q 0 0 0 rg BT 70.93 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 81.88 716.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 109.74 716.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 118.94 716.70 Td (further ) Tj ET Q
q 0 0 0 rg BT 149.71 716.70 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 192.16 716.70 Td (below) Tj ET Q
q 0 0 0 rg BT 217.14 716.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 221.96 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 224.00 716.70 Td (These ) Tj ET Q
q 0 0 0 rg BT 251.27 716.70 Td (measures ) Tj ET Q
q 0 0 0 rg BT 292.54 716.70 Td (only ) Tj ET Q
q 0 0 0 rg BT 313.41 716.70 Td (include ) Tj ET Q
q 0 0 0 rg BT 346.52 716.70 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 398.88 716.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 413.32 716.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 444.08 716.70 Td (items ) Tj ET Q
q 0 0 0 rg BT 469.03 716.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 486.98 716.70 Td (relate ) Tj ET Q
q 0 0 0 rg BT 512.49 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 522.86 716.70 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 106.89 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.76 704.10 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 165.99 704.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 180.52 704.10 Td (most ) Tj ET Q
q 0 0 0 rg BT 202.66 704.10 Td (readily ) Tj ET Q
q 0 0 0 rg BT 233.52 704.10 Td (reconcilable ) Tj ET Q
q 0 0 0 rg BT 286.54 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 296.42 704.10 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 340.12 704.10 Td (Mar) Tj ET Q
q 0 0 0 rg BT 357.43 704.10 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 375.18 704.10 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 418.88 704.10 Td (Income ) Tj ET Q
q 0 0 0 rg BT 452.08 704.10 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 480.63 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 497.38 704.10 Td (T) Tj ET Q
q 0 0 0 rg BT 503.06 704.10 Td (otal ) Tj ET Q
q 0 0 0 rg BT 520.52 704.10 Td (Operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 92.95 691.50 Td (determined ) Tj ET Q
q 0 0 0 rg BT 142.80 691.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 169.33 691.50 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 196.76 691.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 202.01 691.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 252.06 691.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 257.31 691.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 670.90 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 670.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.86 670.90 Td (define ) Tj ET Q
q 0 0 0 rg BT 94.14 670.90 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 134.68 670.90 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 179.29 670.90 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 222.73 670.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 234.11 670.90 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 278.72 670.90 Td (Revenues, ) Tj ET Q
q 0 0 0 rg BT 324.79 670.90 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 362.41 670.90 Td (to:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 658.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 658.30 Td (Include:) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 643.43 cm
/I29 Do Q
q 0 0 0 rg BT 108.27 645.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 645.70 Td (Net ) Tj ET Q
q 0 0 0 rg BT 139.29 645.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 187.99 645.70 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 226.77 645.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 246.30 645.70 Td (eliminated ) Tj ET Q
q 0 0 0 rg BT 293.25 645.70 Td (upon ) Tj ET Q
q 0 0 0 rg BT 316.87 645.70 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 376.08 645.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 387.45 645.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 436.15 645.70 Td (vehicles) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 633.10 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 633.10 Td (Exclude:) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 618.23 cm
/I30 Do Q
q 0 0 0 rg BT 108.27 620.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 620.50 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 175.92 620.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 194.74 620.50 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 236.89 620.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 257.46 620.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 276.28 620.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 284.60 620.50 Td (portion ) Tj ET Q
q 0 0 0 rg BT 318.60 620.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 331.00 620.50 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 381.32 620.50 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 421.15 620.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 441.71 620.50 Td (used ) Tj ET Q
q 0 0 0 rg BT 464.62 620.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 476.45 620.50 Td (pay ) Tj ET Q
q 0 0 0 rg BT 495.27 620.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 547.36 620.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 607.90 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 161.60 607.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 184.22 607.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 194.00 607.90 Td (third ) Tj ET Q
q 0 0 0 rg BT 215.45 607.90 Td (party ) Tj ET Q
q 0 0 0 rg BT 238.64 607.90 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 300.31 607.90 Td (based ) Tj ET Q
q 0 0 0 rg BT 325.84 607.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 337.95 607.90 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 386.21 607.90 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 441.49 607.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 455.93 607.90 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 502.45 607.90 Td (intermediaries ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 595.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 143.43 595.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 164.21 595.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.15 595.30 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 215.68 595.30 Td (clients. ) Tj ET Q
q 0 0 0 rg BT 247.67 595.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 266.11 595.30 Td (amount ) Tj ET Q
q 0 0 0 rg BT 299.72 595.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 310.57 595.30 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 363.44 595.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 380.71 595.30 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 421.31 595.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 440.33 595.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 457.60 595.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.54 595.30 Td (portion ) Tj ET Q
q 0 0 0 rg BT 504.99 595.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.85 595.30 Td (Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 582.70 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 160.44 582.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 180.12 582.70 Td (excluded ) Tj ET Q
q 0 0 0 rg BT 220.80 582.70 Td (approximate ) Tj ET Q
q 0 0 0 rg BT 276.06 582.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 291.67 582.70 Td (direct ) Tj ET Q
q 0 0 0 rg BT 318.35 582.70 Td (costs ) Tj ET Q
q 0 0 0 rg BT 342.13 582.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 353.65 582.70 Td (selling ) Tj ET Q
q 0 0 0 rg BT 384.43 582.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 402.37 582.70 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 443.64 582.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 460.42 582.70 Td (products ) Tj ET Q
q 0 0 0 rg BT 499.36 582.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 517.88 582.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 533.48 582.70 Td (paid ) Tj ET Q
q 0 0 0 rg BT 554.33 582.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 570.10 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 169.03 570.10 Td (intermediaries, ) Tj ET Q
q 0 0 0 rg BT 234.34 570.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 260.87 570.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 274.00 570.10 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 323.26 570.10 Td (percentages ) Tj ET Q
q 0 0 0 rg BT 375.44 570.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.81 570.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.27 570.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 427.63 570.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.00 570.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.45 570.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 485.06 570.10 Td (AUM) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 555.23 cm
/I31 Do Q
q 0 0 0 rg BT 108.27 557.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 557.50 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 178.61 557.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 198.98 557.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 218.19 557.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 234.48 557.50 Td (passed ) Tj ET Q
q 0 0 0 rg BT 265.94 557.50 Td (through ) Tj ET Q
q 0 0 0 rg BT 302.08 557.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 314.29 557.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 376.08 557.50 Td (expense ) Tj ET Q
q 0 0 0 rg BT 413.37 557.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 425.58 557.50 Td (net ) Tj ET Q
q 0 0 0 rg BT 441.88 557.50 Td (income ) Tj ET Q
q 0 0 0 rg BT 476.25 557.50 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 503.05 557.50 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 554.34 557.50 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 544.90 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 185.95 544.90 Td (interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 519.70 Td (These ) Tj ET Q
q 0 0 0 rg BT 76.21 519.70 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 128.02 519.70 Td (do ) Tj ET Q
q 0 0 0 rg BT 140.16 519.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 155.22 519.70 Td (relate ) Tj ET Q
q 0 0 0 rg BT 180.18 519.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 189.99 519.70 Td (items ) Tj ET Q
q 0 0 0 rg BT 214.38 519.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 231.77 519.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 261.98 519.70 Td (Net ) Tj ET Q
q 0 0 0 rg BT 278.79 519.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 311.33 519.70 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 339.44 519.70 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 391.82 519.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 401.63 519.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 424.85 519.70 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 457.70 519.70 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 475.38 519.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 492.18 519.70 Td (they ) Tj ET Q
q 0 0 0 rg BT 511.90 519.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 526.36 519.70 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 507.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.29 507.10 Td (one ) Tj ET Q
q 0 0 0 rg BT 78.08 507.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 89.45 507.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.90 507.10 Td (ways ) Tj ET Q
q 0 0 0 rg BT 129.11 507.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 145.73 507.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 202.00 507.10 Td (views ) Tj ET Q
q 0 0 0 rg BT 229.12 507.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 246.91 507.10 Td (evaluates ) Tj ET Q
q 0 0 0 rg BT 288.60 507.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 305.22 507.10 Td (business ) Tj ET Q
q 0 0 0 rg BT 343.43 507.10 Td (results.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 481.90 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 481.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.86 481.90 Td (define ) Tj ET Q
q 0 0 0 rg BT 94.14 481.90 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 134.68 481.90 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 179.29 481.90 Td (Income, ) Tj ET Q
q 0 0 0 rg BT 216.02 481.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 227.40 481.90 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 272.01 481.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 306.12 481.90 Td (\(Loss\), ) Tj ET Q
q 0 0 0 rg BT 338.20 481.90 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 375.81 481.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 386.61 481.90 Td (exclude ) Tj ET Q
q 0 0 0 rg BT 421.88 481.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 437.33 481.90 Td (following: ) Tj ET Q
q 0 0 0 rg BT 483.71 481.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 486.33 481.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 469.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 469.30 Td (Restructuring ) Tj ET Q
q 0 0 0 rg BT 145.28 469.30 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 171.53 469.30 Td (including:) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 454.43 cm
/I32 Do Q
q 0 0 0 rg BT 108.27 456.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 456.70 Td (Corporate ) Tj ET Q
q 0 0 0 rg BT 168.26 456.70 Td (char) Tj ET Q
q 0 0 0 rg BT 186.14 456.70 Td (ges ) Tj ET Q
q 0 0 0 rg BT 204.92 456.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 238.26 456.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 251.21 456.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 268.82 456.70 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 308.01 456.70 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 348.36 456.70 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 406.79 456.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 426.73 456.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 453.08 456.70 Td (cost ) Tj ET Q
q 0 0 0 rg BT 474.78 456.70 Td (saving ) Tj ET Q
q 0 0 0 rg BT 506.97 456.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.91 456.70 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 444.10 Td (initiatives, ) Tj ET Q
q 0 0 0 rg BT 168.16 444.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 210.45 444.10 Td (severance, ) Tj ET Q
q 0 0 0 rg BT 257.09 444.10 Td (lease ) Tj ET Q
q 0 0 0 rg BT 280.70 444.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.48 444.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 322.68 444.10 Td (costs ) Tj ET Q
q 0 0 0 rg BT 346.31 444.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 364.09 444.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 388.29 444.10 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 436.99 444.10 Td (costs; ) Tj ET Q
q 0 0 0 rg BT 463.53 444.10 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 429.23 cm
/I33 Do Q
q 0 0 0 rg BT 108.27 431.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 431.50 Td (Af) Tj ET Q
q 0 0 0 rg BT 132.39 431.50 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 158.85 431.50 Td (char) Tj ET Q
q 0 0 0 rg BT 176.73 431.50 Td (ges, ) Tj ET Q
q 0 0 0 rg BT 195.33 431.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 236.96 431.50 Td (af) Tj ET Q
q 0 0 0 rg BT 244.93 431.50 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 271.39 431.50 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 327.02 431.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 344.15 431.50 Td (severance ) Tj ET Q
q 0 0 0 rg BT 387.51 431.50 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 413.11 431.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 430.25 431.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 460.79 431.50 Td (one-time ) Tj ET Q
q 0 0 0 rg BT 500.08 431.50 Td (char) Tj ET Q
q 0 0 0 rg BT 517.96 431.50 Td (ges ) Tj ET Q
q 0 0 0 rg BT 533.93 431.50 Td (arising ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 418.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 144.54 418.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.99 418.90 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 198.19 418.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.56 418.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 265.83 418.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 294.70 418.90 Td (plan ) Tj ET Q
q 0 0 0 rg BT 315.40 418.90 Td (awards) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 406.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 406.30 Td (Amortization ) Tj ET Q
q 0 0 0 rg BT 144.11 406.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 155.48 406.30 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 200.10 406.30 Td (assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 393.70 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 393.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 104.45 393.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 135.65 393.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 148.77 393.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 209.72 393.70 Td (expense ) Tj ET Q
q 0 0 0 rg BT 246.16 393.70 Td (of: ) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 378.83 cm
/I34 Do Q
q 0 0 0 rg BT 108.27 381.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 381.10 Td (Gains ) Tj ET Q
q 0 0 0 rg BT 148.62 381.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 166.41 381.10 Td (losses ) Tj ET Q
q 0 0 0 rg BT 194.12 381.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 207.25 381.10 Td (investments ) Tj ET Q
q 0 0 0 rg BT 260.03 381.10 Td (made ) Tj ET Q
q 0 0 0 rg BT 285.40 381.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 296.19 381.10 Td (fund ) Tj ET Q
q 0 0 0 rg BT 318.06 381.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 355.66 381.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 416.60 381.10 Td (plans ) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 4.77 0 0 10.55 103.50 366.23 cm
/I35 Do Q
q 0 0 0 rg BT 108.27 368.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.50 368.50 Td (Gains ) Tj ET Q
q 0 0 0 rg BT 148.62 368.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 166.41 368.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 194.12 368.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 207.25 368.50 Td (seed ) Tj ET Q
q 0 0 0 rg BT 228.53 368.50 Td (capital ) Tj ET Q
q 0 0 0 rg BT 259.14 368.50 Td (investments ) Tj ET Q
q 0 0 0 rg BT 311.93 368.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 325.05 368.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 341.67 368.50 Td (af) Tj ET Q
q 0 0 0 rg BT 349.64 368.50 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 380.84 368.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 407.37 368.50 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 443.23 368.50 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 476.76 368.50 Td (arrangements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 355.90 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 355.90 Td (Acquisition ) Tj ET Q
q 0 0 0 rg BT 137.76 355.90 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 178.92 355.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.34 355.90 Td (transition-related ) Tj ET Q
q 0 0 0 rg BT 272.32 355.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 296.58 355.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 312.08 355.90 Td (integration ) Tj ET Q
q 0 0 0 rg BT 360.83 355.90 Td (activities, ) Tj ET Q
q 0 0 0 rg BT 404.62 355.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 447.54 355.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 479.36 355.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 511.18 355.90 Td (professional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 343.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 105.03 343.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 122.81 343.30 Td (costs ) Tj ET Q
q 0 0 0 rg BT 146.44 343.30 Td (associated ) Tj ET Q
q 0 0 0 rg BT 192.22 343.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 213.51 343.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 228.96 343.30 Td (transition ) Tj ET Q
q 0 0 0 rg BT 271.25 343.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 289.04 343.30 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 337.74 343.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 349.11 343.30 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 387.88 343.30 Td (businesses) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 330.70 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 330.70 Td (Impairments ) Tj ET Q
q 0 0 0 rg BT 141.20 330.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 152.57 330.70 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 197.18 330.70 Td (assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 318.10 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 318.10 Td (Contingent ) Tj ET Q
q 0 0 0 rg BT 134.79 318.10 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 193.98 318.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 211.18 318.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 236.54 318.10 Td (adjustments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 305.50 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 305.50 Td (Char) Tj ET Q
q 0 0 0 rg BT 105.72 305.50 Td (ges ) Tj ET Q
q 0 0 0 rg BT 122.34 305.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 153.53 305.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 164.32 305.50 Td (significant ) Tj ET Q
q 0 0 0 rg BT 211.27 305.50 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 257.05 305.50 Td (matters ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 292.90 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 292.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 119.61 292.90 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 145.57 292.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.94 292.90 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 212.64 292.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 261.34 292.90 Td (vehicles ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 267.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.45 267.70 Td (calculating ) Tj ET Q
q 0 0 0 rg BT 110.01 267.70 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 151.13 267.70 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 196.33 267.70 Td (Income, ) Tj ET Q
q 0 0 0 rg BT 233.64 267.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 249.09 267.70 Td (adjust ) Tj ET Q
q 0 0 0 rg BT 277.38 267.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 292.83 267.70 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 349.68 267.70 Td (costs ) Tj ET Q
q 0 0 0 rg BT 373.89 267.70 Td (because ) Tj ET Q
q 0 0 0 rg BT 410.32 267.70 Td (these ) Tj ET Q
q 0 0 0 rg BT 435.10 267.70 Td (items ) Tj ET Q
q 0 0 0 rg BT 461.06 267.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 477.08 267.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 493.71 267.70 Td (reflective ) Tj ET Q
q 0 0 0 rg BT 536.55 267.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.50 267.70 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 255.10 Td (core ) Tj ET Q
q 0 0 0 rg BT 69.97 255.10 Td (asset ) Tj ET Q
q 0 0 0 rg BT 92.78 255.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 148.82 255.10 Td (business ) Tj ET Q
q 0 0 0 rg BT 186.81 255.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.96 255.10 Td (providing ) Tj ET Q
q 0 0 0 rg BT 241.19 255.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 289.66 255.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 345.71 255.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 363.27 255.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 394.23 255.10 Td (products ) Tj ET Q
q 0 0 0 rg BT 432.79 255.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 450.35 255.10 Td (services. ) Tj ET Q
q 0 0 0 rg BT 489.19 255.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 491.42 255.10 Td (W) Tj ET Q
q 0 0 0 rg BT 500.49 255.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 507.55 255.10 Td (adjust ) Tj ET Q
q 0 0 0 rg BT 535.03 255.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.67 255.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 242.50 Td (impact ) Tj ET Q
q 0 0 0 rg BT 80.30 242.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 93.02 242.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 153.57 242.50 Td (expense ) Tj ET Q
q 0 0 0 rg BT 189.61 242.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 200.58 242.50 Td (gains ) Tj ET Q
q 0 0 0 rg BT 224.97 242.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 242.36 242.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 269.67 242.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 282.40 242.50 Td (investments ) Tj ET Q
q 0 0 0 rg BT 334.79 242.50 Td (made ) Tj ET Q
q 0 0 0 rg BT 359.75 242.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 370.14 242.50 Td (fund ) Tj ET Q
q 0 0 0 rg BT 391.62 242.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 428.81 242.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 489.36 242.50 Td (plans ) Tj ET Q
q 0 0 0 rg BT 513.75 242.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 531.13 242.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 543.86 242.50 Td (seed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 229.90 Td (capital ) Tj ET Q
q 0 0 0 rg BT 79.54 229.90 Td (investments ) Tj ET Q
q 0 0 0 rg BT 131.76 229.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 144.31 229.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 160.36 229.90 Td (af) Tj ET Q
q 0 0 0 rg BT 168.33 229.90 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 198.96 229.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 224.92 229.90 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 260.21 229.90 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 293.17 229.90 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 351.78 229.90 Td (because ) Tj ET Q
q 0 0 0 rg BT 387.07 229.90 Td (they ) Tj ET Q
q 0 0 0 rg BT 407.20 229.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 422.07 229.90 Td (of) Tj ET Q
q 0 0 0 rg BT 430.63 229.90 Td (fset ) Tj ET Q
q 0 0 0 rg BT 447.85 229.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 460.40 229.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 472.37 229.90 Td (equal ) Tj ET Q
q 0 0 0 rg BT 497.16 229.90 Td (amount ) Tj ET Q
q 0 0 0 rg BT 530.71 229.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 540.93 229.90 Td (Non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 217.30 Td (operating ) Tj ET Q
q 0 0 0 rg BT 92.00 217.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 125.75 217.30 Td (\(expense\), ) Tj ET Q
q 0 0 0 rg BT 172.03 217.30 Td (net, ) Tj ET Q
q 0 0 0 rg BT 190.33 217.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 208.34 217.30 Td (thus ) Tj ET Q
q 0 0 0 rg BT 228.69 217.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 251.35 217.30 Td (no ) Tj ET Q
q 0 0 0 rg BT 264.70 217.30 Td (impact ) Tj ET Q
q 0 0 0 rg BT 296.12 217.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 309.47 217.30 Td (Net ) Tj ET Q
q 0 0 0 rg BT 327.47 217.30 Td (Income ) Tj ET Q
q 0 0 0 rg BT 361.18 217.30 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 414.76 217.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 425.77 217.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 450.19 217.30 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 484.25 217.30 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 503.13 217.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 505.77 217.30 Td (W) Tj ET Q
q 0 0 0 rg BT 514.83 217.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 522.34 217.30 Td (adjust ) Tj ET Q
q 0 0 0 rg BT 550.27 217.30 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 204.70 Td (acquisition-related ) Tj ET Q
q 0 0 0 rg BT 131.73 204.70 Td (items, ) Tj ET Q
q 0 0 0 rg BT 161.19 204.70 Td (including ) Tj ET Q
q 0 0 0 rg BT 204.94 204.70 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 262.09 204.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 274.93 204.70 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 321.01 204.70 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 352.22 204.70 Td (impairments ) Tj ET Q
q 0 0 0 rg BT 408.80 204.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 421.64 204.70 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 467.72 204.70 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 498.93 204.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 518.18 204.70 Td (contingent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 192.10 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 108.06 192.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 124.63 192.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 149.36 192.10 Td (adjustments, ) Tj ET Q
q 0 0 0 rg BT 204.14 192.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 214.30 192.10 Td (make ) Tj ET Q
q 0 0 0 rg BT 239.03 192.10 Td (it ) Tj ET Q
q 0 0 0 rg BT 246.86 192.10 Td (easier ) Tj ET Q
q 0 0 0 rg BT 273.34 192.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 283.50 192.10 Td (identify ) Tj ET Q
q 0 0 0 rg BT 318.15 192.10 Td (trends ) Tj ET Q
q 0 0 0 rg BT 345.80 192.10 Td (af) Tj ET Q
q 0 0 0 rg BT 353.77 192.10 Td (fecting ) Tj ET Q
q 0 0 0 rg BT 384.92 192.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 400.91 192.10 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 448.39 192.10 Td (business ) Tj ET Q
q 0 0 0 rg BT 485.97 192.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 503.71 192.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 518.52 192.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 533.93 192.10 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 179.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.44 179.50 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 113.38 179.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 124.32 179.50 Td (facilitate ) Tj ET Q
q 0 0 0 rg BT 163.83 179.50 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 215.59 179.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 227.11 179.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 243.88 179.50 Td (operating ) Tj ET Q
q 0 0 0 rg BT 286.31 179.50 Td (results ) Tj ET Q
q 0 0 0 rg BT 316.50 179.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 337.94 179.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.55 179.50 Td (results ) Tj ET Q
q 0 0 0 rg BT 383.74 179.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.26 179.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 419.61 179.50 Td (asset ) Tj ET Q
q 0 0 0 rg BT 442.79 179.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 499.21 179.50 Td (firms ) Tj ET Q
q 0 0 0 rg BT 524.15 179.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 542.67 179.50 Td (have ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 166.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 65.10 166.90 Td (engaged ) Tj ET Q
q 0 0 0 rg BT 102.27 166.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 112.63 166.90 Td (significant ) Tj ET Q
q 0 0 0 rg BT 159.14 166.90 Td (acquisitions. ) Tj ET Q
q 0 0 0 rg BT 214.11 166.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 216.14 166.90 Td (W) Tj ET Q
q 0 0 0 rg BT 225.21 166.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 232.06 166.90 Td (adjust ) Tj ET Q
q 0 0 0 rg BT 259.33 166.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 273.76 166.90 Td (char) Tj ET Q
q 0 0 0 rg BT 291.64 166.90 Td (ges ) Tj ET Q
q 0 0 0 rg BT 307.82 166.90 Td (\(credits\) ) Tj ET Q
q 0 0 0 rg BT 344.99 166.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 375.74 166.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 386.09 166.90 Td (significant ) Tj ET Q
q 0 0 0 rg BT 432.60 166.90 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 472.70 166.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 483.64 166.90 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 528.97 166.90 Td (matters, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 154.30 Td (net ) Tj ET Q
q 0 0 0 rg BT 64.50 154.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 75.41 154.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 92.75 154.30 Td (insurance ) Tj ET Q
q 0 0 0 rg BT 135.15 154.30 Td (proceeds ) Tj ET Q
q 0 0 0 rg BT 174.63 154.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 191.96 154.30 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 227.36 154.30 Td (share ) Tj ET Q
q 0 0 0 rg BT 251.69 154.30 Td (adjustments, ) Tj ET Q
q 0 0 0 rg BT 306.64 154.30 Td (because ) Tj ET Q
q 0 0 0 rg BT 342.04 154.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 365.79 154.30 Td (matters ) Tj ET Q
q 0 0 0 rg BT 398.87 154.30 Td (do ) Tj ET Q
q 0 0 0 rg BT 411.54 154.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 427.12 154.30 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 456.10 154.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 471.10 154.30 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 518.76 154.30 Td (operations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 141.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.65 141.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 121.68 141.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.41 141.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 148.40 141.70 Td (business. ) Tj ET Q
q 0 0 0 rg BT 188.59 141.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 190.44 141.70 Td (W) Tj ET Q
q 0 0 0 rg BT 199.50 141.70 Td (e ) Tj ET Q
q 0 0 0 rg BT 206.15 141.70 Td (adjust ) Tj ET Q
q 0 0 0 rg BT 233.22 141.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 247.45 141.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 280.34 141.70 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 305.66 141.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 316.39 141.70 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 371.45 141.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 419.51 141.70 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 455.90 141.70 Td (because ) Tj ET Q
q 0 0 0 rg BT 491.11 141.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 505.92 141.70 Td (consolidation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 129.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 129.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 85.07 129.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 133.77 129.10 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 170.80 129.10 Td (does ) Tj ET Q
q 0 0 0 rg BT 192.67 129.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 208.72 129.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 231.16 129.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 243.70 129.10 Td (impact ) Tj ET Q
q 0 0 0 rg BT 274.90 129.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 288.02 129.10 Td (Net ) Tj ET Q
q 0 0 0 rg BT 305.81 129.10 Td (Income ) Tj ET Q
q 0 0 0 rg BT 339.92 129.10 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 368.80 129.10 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 422.16 129.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 432.95 129.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 457.15 129.10 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 490.98 129.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 509.64 129.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 512.27 129.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 108.50 Td (These ) Tj ET Q
q 0 0 0 rg BT 78.11 108.50 Td (measures ) Tj ET Q
q 0 0 0 rg BT 120.71 108.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 137.06 108.50 Td (provided ) Tj ET Q
q 0 0 0 rg BT 177.92 108.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 189.62 108.50 Td (addition ) Tj ET Q
q 0 0 0 rg BT 227.57 108.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 239.27 108.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.96 108.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 274.31 108.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 291.26 108.50 Td (substitutes ) Tj ET Q
q 0 0 0 rg BT 339.14 108.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 354.91 108.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 372.44 108.50 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 417.96 108.50 Td (Mar) Tj ET Q
q 0 0 0 rg BT 435.27 108.50 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 454.84 108.50 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 500.36 108.50 Td (Revenues, ) Tj ET Q
q 0 0 0 rg BT 547.34 108.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 95.90 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 94.52 95.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 129.04 95.90 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 158.90 95.90 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 204.49 95.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 231.43 95.90 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 258.85 95.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 264.51 95.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 267.32 95.90 Td (These ) Tj ET Q
q 0 0 0 rg BT 295.43 95.90 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 342.87 95.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 345.91 95.90 Td (measures ) Tj ET Q
q 0 0 0 rg BT 388.01 95.90 Td (should ) Tj ET Q
q 0 0 0 rg BT 419.05 95.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 435.50 95.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 448.44 95.90 Td (considered ) Tj ET Q
q 0 0 0 rg BT 496.95 95.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 508.15 95.90 Td (isolation ) Tj ET Q
q 0 0 0 rg BT 547.35 95.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 83.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 70.36 83.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 86.55 83.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 99.24 83.30 Td (comparable ) Tj ET Q
q 0 0 0 rg BT 150.99 83.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 161.93 83.30 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 209.38 83.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 212.16 83.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 267.98 83.30 Td (measures, ) Tj ET Q
q 0 0 0 rg BT 312.46 83.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 354.90 83.30 Td (measures ) Tj ET Q
q 0 0 0 rg BT 396.74 83.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 408.27 83.30 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 446.04 83.30 Td (mar) Tj ET Q
q 0 0 0 rg BT 462.17 83.30 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 485.08 83.30 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 522.85 83.30 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 70.70 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 92.80 70.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 111.33 70.70 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 149.69 70.70 Td (operating ) Tj ET Q
q 0 0 0 rg BT 192.71 70.70 Td (income, ) Tj ET Q
q 0 0 0 rg BT 229.60 70.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 241.71 70.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 266.65 70.70 Td (companies. ) Tj ET Q
q 0 0 0 rg BT 317.54 70.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 320.91 70.70 Td (Further) Tj ET Q
q 0 0 0 rg BT 351.40 70.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 356.65 70.70 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 397.93 70.70 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 443.28 70.70 Td (Mar) Tj ET Q
q 0 0 0 rg BT 460.58 70.70 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 479.25 70.70 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 520.53 70.70 Td (Operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 58.10 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 92.61 58.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 109.55 58.10 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 149.76 58.10 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 194.03 58.10 Td (Income ) Tj ET Q
q 0 0 0 rg BT 227.80 58.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 242.91 58.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 258.62 58.10 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 296.49 58.10 Td (measures ) Tj ET Q
q 0 0 0 rg BT 337.85 58.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 355.30 58.10 Td (should ) Tj ET Q
q 0 0 0 rg BT 385.59 58.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 401.29 58.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 413.49 58.10 Td (used ) Tj ET Q
q 0 0 0 rg BT 435.03 58.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 445.48 58.10 Td (place ) Tj ET Q
q 0 0 0 rg BT 469.92 58.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 480.96 58.10 Td (cash ) Tj ET Q
q 0 0 0 rg BT 501.90 58.10 Td (flow ) Tj ET Q
q 0 0 0 rg BT 523.44 58.10 Td (measures ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 45.50 Td (determined ) Tj ET Q
q 0 0 0 rg BT 99.36 45.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 125.89 45.50 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 153.31 45.50 Td (.) Tj ET Q
endstream
endobj
123 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 124 0 R>>
endobj
124 0 obj
<</Length 22001>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (59) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The calculations of Operating Mar) Tj ET Q
q 0 0 0 rg BT 194.51 741.75 Td (gin and ) Tj ET Q
q 0 0 0 rg BT 227.76 741.75 Td (Adjusted Operating Mar) Tj ET Q
q 0 0 0 rg BT 330.21 741.75 Td (gin, are as follows \(dollars in thousands\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
354 716.25 m
421 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
421 716.25 m
425 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 716.25 m
492 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492 716.25 m
496 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 716.25 m
563 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 701.25 m
350 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
354 701.25 m
421 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 701.25 m
492 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 701.25 m
563 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
354 701.25 m
421 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 701.25 m
492 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 701.25 m
563 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 600.25 m
350 600.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
354 600.25 m
421 600.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 600.25 m
492 600.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492 600.25 m
496 600.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 600.25 m
563 600.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 600.25 m
350 600.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 585.25 m
350 585.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
354 585.25 m
421 585.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 585.25 m
492 585.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 585.25 m
563 585.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
354 394.25 m
421 394.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 394.25 m
492 394.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 394.25 m
563 394.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 394.25 m
350 394.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 379.25 m
350 379.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
354 394.25 m
421 394.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
354 379.25 m
421 379.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 394.25 m
492 394.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 379.25 m
492 379.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 394.25 m
563 394.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 379.25 m
563 379.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 721.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 408.65 721.02 Td (Y) Tj ET Q
q 0 0 0 rg BT 415.71 721.02 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 706.04 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.50 706.02 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.50 706.02 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 691.02 Td (Operating Revenues, GAAP) Tj ET Q
q 0 0 0 rg BT 177.58 691.02 Td ( basis) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 691.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 368.00 691.04 Td (2,922,125) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 427.50 691.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.75 691.02 Td (2,903,259) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 498.50 691.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.75 691.02 Td (3,140,322) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 676.02 Td (Plus \(less\):) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 661.02 Td (Pass through performance fees) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 377.60 661.04 Td (\(41,983) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 410.00 661.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 450.35 661.02 Td (\(49,048) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 482.75 661.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.10 661.02 Td (\(108,757) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 661.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 645.52 Td (Operating revenues eliminated upon consolidation of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 635.02 Td (investment vehicles) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 394.25 635.04 Td (402) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 635.02 Td (599) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.00 635.02 Td (578) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 620.02 Td (Distribution and servicing fees) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 372.35 620.04 Td (\(270,398) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 410.00 620.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.10 620.02 Td (\(302,967) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 482.75 620.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.10 620.02 Td (\(321,936) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 620.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 605.02 Td (Investment advisory fees) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 372.35 605.04 Td (\(141,838) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 410.00 605.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.10 605.02 Td (\(136,177) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 482.75 605.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.10 605.02 Td (\(167,374) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 605.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 590.02 Td (Adjusted Operating Revenues) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 590.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 368.00 590.04 Td (2,468,308) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 427.50 590.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.75 590.02 Td (2,415,666) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 498.50 590.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.75 590.02 Td (2,710,207) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 575.02 Td (Operating Income \(Loss\), GAAP) Tj ET Q
q 0 0 0 rg BT 197.50 575.02 Td ( basis) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 575.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 375.85 575.04 Td (505,160) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 427.50 575.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.60 575.02 Td (103,102) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 498.50 575.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.60 575.02 Td (324,001) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 560.02 Td (Plus \(less\):) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 545.02 Td (Restructuring costs:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 530.02 Td (Strategic restructuring and other corporate initiatives) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.10 530.04 Td (90,519) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.85 530.02 Td (23,655) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 530.02 Td (5,054) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 515.02 Td (Af) Tj ET Q
q 0 0 0 rg BT 96.39 515.02 Td (filiate char) Tj ET Q
q 0 0 0 rg BT 141.38 515.02 Td (ges) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 386.35 515.04 Td (2,414) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.10 515.02 Td (9,289) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.25 515.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 500.02 Td (Impairment of intangible assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 399.50 500.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.60 500.02 Td (365,200) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.60 500.02 Td (229,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 485.02 Td (Amortization of intangible assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.10 485.04 Td (22,539) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.85 485.02 Td (24,404) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 485.02 Td (24,604) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 469.52 Td (Gains \(losses\) on deferred compensation and seed investments,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 459.02 Td (net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 377.60 459.04 Td (\(10,594) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 410.00 459.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.85 459.02 Td (10,416) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 459.02 Td (12,345) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 444.02 Td (Acquisition and transition-related costs) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 399.50 444.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.10 444.02 Td (2,685) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 444.02 Td (7,049) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 429.02 Td (Contingent consideration fair value adjustments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 390.75 429.04 Td (\(915) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 410.00 429.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 429.02 Td (571) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.35 429.02 Td (\(31,329) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 429.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 414.02 Td (Char) Tj ET Q
q 0 0 0 rg BT 96.82 414.02 Td (ges related to significant regulatory matters) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 399.50 414.04 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.10 414.02 Td (4,151) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 414.02 Td (67,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.50 399.02 Td (Operating loss of consolidated investment vehicles, net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 386.35 399.04 Td (1,894) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.10 399.02 Td (1,588) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.00 399.02 Td (877) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 384.02 Td (Adjusted Operating Income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 384.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 375.85 384.04 Td (61) Tj ET Q
q 0 0 0 rg BT 386.35 384.04 Td (1,017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 427.50 384.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.60 384.02 Td (545,061) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 498.50 384.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.60 384.02 Td (638,601) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 360.02 Td (Operating Mar) Tj ET Q
q 0 0 0 rg BT 120.51 360.02 Td (gin, GAAP) Tj ET Q
q 0 0 0 rg BT 167.48 360.02 Td ( basis) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 391.60 360.04 Td (17.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 410.00 360.04 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.60 360.02 Td (3.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 482.75 360.02 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 360.02 Td (10.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 360.02 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 345.02 Td (Adjusted Operating Mar) Tj ET Q
q 0 0 0 rg BT 160.96 345.02 Td (gin) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 391.60 345.04 Td (24.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 464.35 345.02 Td (22.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 345.02 Td (23.6) Tj ET Q
BT /F1 10.00 Tf ET
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 320.15 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 90.05 320.15 Td (EBITDA) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 307.55 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 307.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.86 307.55 Td (define ) Tj ET Q
q 0 0 0 rg BT 94.14 307.55 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 134.68 307.55 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 172.59 307.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 175.22 307.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 186.59 307.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 207.87 307.55 Td (provided ) Tj ET Q
q 0 0 0 rg BT 247.82 307.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 260.95 307.55 Td (\(used ) Tj ET Q
q 0 0 0 rg BT 286.31 307.55 Td (in\) ) Tj ET Q
q 0 0 0 rg BT 300.60 307.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 342.88 307.55 Td (activities ) Tj ET Q
q 0 0 0 rg BT 383.41 307.55 Td (plus ) Tj ET Q
q 0 0 0 rg BT 403.54 307.55 Td (\(minus\):) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 286.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 286.95 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 119.61 286.95 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 158.68 286.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 174.13 286.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 185.50 286.95 Td (accretion ) Tj ET Q
q 0 0 0 rg BT 226.60 286.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 244.39 286.95 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 300.08 286.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 311.45 286.95 Td (debt ) Tj ET Q
q 0 0 0 rg BT 332.15 286.95 Td (discounts ) Tj ET Q
q 0 0 0 rg BT 374.45 286.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 392.23 286.95 Td (premiums ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 274.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 274.35 Td (Current ) Tj ET Q
q 0 0 0 rg BT 120.20 274.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 153.73 274.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 169.18 274.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 205.63 274.35 Td (\(benefit\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 261.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 261.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 103.29 261.75 Td (change ) Tj ET Q
q 0 0 0 rg BT 135.64 261.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 146.44 261.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 173.56 261.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 191.34 261.75 Td (liabilities, ) Tj ET Q
q 0 0 0 rg BT 235.67 261.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 263.96 261.75 Td (aligns ) Tj ET Q
q 0 0 0 rg BT 291.67 261.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 312.96 261.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 328.41 261.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 386.45 261.75 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 435.16 261.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 446.53 261.75 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 470.15 261.75 Td (Flows ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 249.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 249.15 Td (Net ) Tj ET Q
q 0 0 0 rg BT 103.29 249.15 Td (\(income\) ) Tj ET Q
q 0 0 0 rg BT 143.81 249.15 Td (loss ) Tj ET Q
q 0 0 0 rg BT 162.78 249.15 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 213.22 249.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 224.01 249.15 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 288.46 249.15 Td (interests ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 236.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 236.55 Td (Net ) Tj ET Q
q 0 0 0 rg BT 103.29 236.55 Td (gains ) Tj ET Q
q 0 0 0 rg BT 128.08 236.55 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 162.78 236.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 180.57 236.55 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 218.76 236.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 231.89 236.55 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 223.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 223.95 Td (Net ) Tj ET Q
q 0 0 0 rg BT 103.29 223.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 128.08 223.95 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 162.78 223.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 175.91 223.95 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 231.60 223.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 280.30 223.95 Td (vehicles ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 211.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 211.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 112.03 211.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 186.15 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 91.19 186.15 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 129.10 186.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 132.88 186.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 143.66 186.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 160.85 186.15 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 197.85 186.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 212.13 186.15 Td (equity-based ) Tj ET Q
q 0 0 0 rg BT 269.55 186.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 331.65 186.15 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 371.87 186.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 415.31 186.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 472.73 186.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 502.75 186.15 Td (plan ) Tj ET Q
q 0 0 0 rg BT 524.60 186.15 Td (non-cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 173.55 Td (issuance-related ) Tj ET Q
q 0 0 0 rg BT 120.14 173.55 Td (char) Tj ET Q
q 0 0 0 rg BT 138.02 173.55 Td (ges. ) Tj ET Q
q 0 0 0 rg BT 157.65 173.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 160.66 173.55 Td (Most ) Tj ET Q
q 0 0 0 rg BT 185.26 173.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 241.91 173.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 271.16 173.55 Td (plan ) Tj ET Q
q 0 0 0 rg BT 292.25 173.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 315.68 173.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 336.77 173.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 349.69 173.55 Td (put ) Tj ET Q
q 0 0 0 rg BT 366.11 173.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 377.29 173.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 389.04 173.55 Td (called ) Tj ET Q
q 0 0 0 rg BT 417.12 173.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 430.63 173.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 455.21 173.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 486.80 173.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 502.05 173.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 523.72 173.55 Td (payment, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 160.95 Td (although ) Tj ET Q
q 0 0 0 rg BT 88.87 160.95 Td (their ) Tj ET Q
q 0 0 0 rg BT 110.74 160.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 136.69 160.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 149.82 160.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 165.86 160.95 Td (require ) Tj ET Q
q 0 0 0 rg BT 198.22 160.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 216.01 160.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 226.80 160.95 Td (occur) Tj ET Q
q 0 0 0 rg BT 249.54 160.95 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 140.35 Td (This ) Tj ET Q
q 0 0 0 rg BT 70.77 140.35 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 108.95 140.35 Td (measure ) Tj ET Q
q 0 0 0 rg BT 146.53 140.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 156.13 140.35 Td (provided ) Tj ET Q
q 0 0 0 rg BT 196.06 140.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 206.82 140.35 Td (addition ) Tj ET Q
q 0 0 0 rg BT 243.83 140.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 254.60 140.35 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 278.20 140.35 Td (provided ) Tj ET Q
q 0 0 0 rg BT 318.12 140.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 331.22 140.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 373.47 140.35 Td (activities ) Tj ET Q
q 0 0 0 rg BT 413.97 140.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 431.73 140.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 452.41 140.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 468.42 140.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 480.93 140.35 Td (comparable ) Tj ET Q
q 0 0 0 rg BT 532.51 140.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 543.27 140.35 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 127.75 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 77.70 127.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 80.42 127.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 136.18 127.75 Td (measures ) Tj ET Q
q 0 0 0 rg BT 177.97 127.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 189.43 127.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 227.73 127.75 Td (measures ) Tj ET Q
q 0 0 0 rg BT 269.52 127.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 280.98 127.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 305.27 127.75 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 355.51 127.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 397.89 127.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 419.85 127.75 Td (measures ) Tj ET Q
q 0 0 0 rg BT 461.63 127.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 473.10 127.75 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 511.01 127.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 513.73 127.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 524.59 127.75 Td (Adjusted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 115.15 Td (EBITDA. ) Tj ET Q
q 0 0 0 rg BT 93.76 115.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 96.90 115.15 Td (Further) Tj ET Q
q 0 0 0 rg BT 127.39 115.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 133.16 115.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 151.47 115.15 Td (measure ) Tj ET Q
q 0 0 0 rg BT 189.60 115.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 199.74 115.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 216.30 115.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 227.61 115.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 240.66 115.15 Td (confused ) Tj ET Q
q 0 0 0 rg BT 281.71 115.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 303.52 115.15 Td (Net ) Tj ET Q
q 0 0 0 rg BT 321.82 115.15 Td (Income ) Tj ET Q
q 0 0 0 rg BT 356.45 115.15 Td (\(Loss\), ) Tj ET Q
q 0 0 0 rg BT 389.04 115.15 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 413.19 115.15 Td (provided ) Tj ET Q
q 0 0 0 rg BT 453.65 115.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 467.29 115.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 510.09 115.15 Td (activities, ) Tj ET Q
q 0 0 0 rg BT 553.76 115.15 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 102.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 73.15 102.55 Td (measures ) Tj ET Q
q 0 0 0 rg BT 114.30 102.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.12 102.55 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 162.77 102.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 173.60 102.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 194.33 102.55 Td (flows ) Tj ET Q
q 0 0 0 rg BT 219.74 102.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 245.73 102.55 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 273.15 102.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 277.86 102.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 295.09 102.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 304.18 102.55 Td (provided ) Tj ET Q
q 0 0 0 rg BT 343.58 102.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 354.40 102.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 361.14 102.55 Td (supplement ) Tj ET Q
q 0 0 0 rg BT 411.63 102.55 Td (to, ) Tj ET Q
q 0 0 0 rg BT 424.50 102.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 441.74 102.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 457.23 102.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 467.48 102.55 Td (replacement ) Tj ET Q
q 0 0 0 rg BT 520.86 102.55 Td (of, ) Tj ET Q
q 0 0 0 rg BT 534.31 102.55 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 562.51 102.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 89.95 Td (measures.) Tj ET Q
endstream
endobj
125 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 126 0 R>>
endobj
126 0 obj
<</Length 34480>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (60) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 741.75 Td (calculations ) Tj ET Q
q 0 0 0 rg BT 121.22 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.02 741.75 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 172.56 741.75 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 210.47 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 213.10 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 228.54 741.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 239.91 741.75 Td (follows ) Tj ET Q
q 0 0 0 rg BT 274.04 741.75 Td (\(dollars ) Tj ET Q
q 0 0 0 rg BT 308.74 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 319.53 741.75 Td (thousands\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
490 708.25 m
494 708.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494 708.25 m
562 708.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 693.25 m
351 693.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
355 708.25 m
418 708.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
355 693.25 m
418 693.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
422 708.25 m
490 708.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
422 693.25 m
490 693.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
490 708.25 m
494 708.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494 708.25 m
562 708.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494 693.25 m
562 693.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
355 693.25 m
418 693.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
422 693.25 m
490 693.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494 693.25 m
562 693.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 521.25 m
351 521.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
355 521.25 m
418 521.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
422 521.25 m
490 521.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494 521.25 m
562 521.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 506.25 m
351 506.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
355 521.25 m
418 521.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
355 506.25 m
418 506.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
418 521.25 m
422 521.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
418 506.25 m
422 506.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
422 521.25 m
490 521.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
422 506.25 m
490 506.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494 521.25 m
562 521.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494 506.25 m
562 506.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 713.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 409.50 713.02 Td (Y) Tj ET Q
q 0 0 0 rg BT 416.56 713.02 Td (ears ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 375.50 698.04 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.00 698.02 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 698.02 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 683.02 Td (Cash provided by operating activities, GAAP) Tj ET Q
q 0 0 0 rg BT 247.83 683.02 Td ( basis) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 357.50 683.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 379.85 683.04 Td (560,556) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.50 683.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.85 683.02 Td (560,866) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 496.50 683.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 683.02 Td (489,368) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 69.50 668.02 Td (Plus \(less\):) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.50 652.52 Td (Interest expense, net of accretion and amortization of debt) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 642.02 Td (discounts and premiums) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 379.85 642.04 Td (108,526) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.85 642.02 Td (1) Tj ET Q
q 0 0 0 rg BT 457.10 642.02 Td (15,284) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 642.02 Td (1) Tj ET Q
q 0 0 0 rg BT 529.10 642.02 Td (15,056) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.50 627.02 Td (Current tax expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 390.35 627.04 Td (8,997) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.10 627.02 Td (26,716) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 627.02 Td (38,983) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.50 612.02 Td (Net change in assets and liabilities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 386.85 612.04 Td (\(5,382) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 414.00 612.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.60 612.02 Td (\(52,518) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.00 612.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 612.02 Td (\(31,125) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 612.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.50 596.52 Td (Net change in assets and liabilities of consolidated investment) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 586.02 Td (vehicles) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.60 586.04 Td (\(19,395) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 414.00 586.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.60 586.02 Td (\(17,667) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.00 586.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 586.02 Td (67,792) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.50 571.02 Td (Net income attributable to noncontrolling interests) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.60 571.04 Td (\(53,1) Tj ET Q
q 0 0 0 rg BT 403.47 571.04 Td (19) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 414.00 571.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.60 571.02 Td (\(36,442) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.00 571.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 571.02 Td (\(51,275) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 571.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.50 556.02 Td (Net gains \(losses\) and earnings on investments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 385.10 556.04 Td (29,290) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.10 556.02 Td (27,705) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.75 556.02 Td (\(305) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 556.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.50 541.02 Td (Net gains \(losses\) on consolidated investment vehicles) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 385.10 541.04 Td (16,262) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.75 541.02 Td (\(565) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.00 541.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 541.02 Td (9,781) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.50 526.02 Td (Other) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 394.75 526.04 Td (\(732) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 414.00 526.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.85 526.02 Td (\(1,155) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.00 526.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.85 526.02 Td (\(1,047) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 526.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 511.02 Td (Adjusted EBITDA) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 357.50 511.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 379.85 511.04 Td (645,003) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.50 511.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.85 511.02 Td (622,224) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 496.50 511.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 511.02 Td (637,228) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 481.55 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 90.43 481.55 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 128.34 481.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 131.36 481.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 146.62 481.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.46 481.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 187.63 481.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 215.71 481.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 246.13 481.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 262.27 481.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 288.91 481.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 315.55 481.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 333.73 481.55 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 360.37 481.55 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 379.71 481.55 Td ($645.0 ) Tj ET Q
q 0 0 0 rg BT 411.60 481.55 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 441.94 481.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.58 481.55 Td ($622.2 ) Tj ET Q
q 0 0 0 rg BT 479.47 481.55 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.81 481.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 515.45 481.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.62 481.55 Td ($637.2 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 468.95 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 79.84 468.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 84.80 468.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 134.84 468.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 139.80 468.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 141.97 468.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 160.63 468.95 Td (increase ) Tj ET Q
q 0 0 0 rg BT 197.36 468.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 207.35 468.95 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 247.60 468.95 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 285.51 468.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 287.85 468.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 302.43 468.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 317.59 468.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 337.99 468.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 365.40 468.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 395.14 468.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 410.60 468.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 436.56 468.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 447.64 468.95 Td (compared ) Tj ET Q
q 0 0 0 rg BT 491.38 468.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 501.88 468.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.04 468.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 537.45 468.95 Td (ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 456.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 80.06 456.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 96.35 456.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 123.13 456.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 142.62 456.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 184.85 456.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 203.17 456.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 214.49 456.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 227.56 456.35 Td (increase ) Tj ET Q
q 0 0 0 rg BT 265.11 456.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 276.44 456.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 292.43 456.35 Td (income, ) Tj ET Q
q 0 0 0 rg BT 329.12 456.35 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 367.27 456.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 382.67 456.35 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 423.73 456.35 Td (items. ) Tj ET Q
q 0 0 0 rg BT 452.26 456.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 455.19 456.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 474.68 456.35 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 513.97 456.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 524.60 456.35 Td (Adjusted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 443.75 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 87.41 443.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 89.45 443.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 103.73 443.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.59 443.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 138.70 443.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 165.80 443.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 195.24 443.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 210.40 443.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 236.06 443.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 246.85 443.75 Td (compared ) Tj ET Q
q 0 0 0 rg BT 290.28 443.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 300.48 443.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 315.35 443.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 335.45 443.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 362.56 443.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 392.00 443.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 407.16 443.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 432.82 443.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 451.18 443.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 492.29 443.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 509.49 443.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 519.69 443.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 526.39 443.75 Td (decrease ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 431.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.29 431.15 Td (Net ) Tj ET Q
q 0 0 0 rg BT 78.08 431.15 Td (Income, ) Tj ET Q
q 0 0 0 rg BT 114.81 431.15 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 152.43 431.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 167.30 431.15 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 207.83 431.15 Td (items.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 405.95 Td (LIQUIDITY) Tj ET Q
q 0 0 0 rg BT 106.29 405.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 108.34 405.95 Td (AND ) Tj ET Q
q 0 0 0 rg BT 133.71 405.95 Td (CAPIT) Tj ET Q
q 0 0 0 rg BT 165.60 405.95 Td (AL) Tj ET Q
q 0 0 0 rg BT 179.61 405.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 182.24 405.95 Td (RESOURCES ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 393.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.13 393.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 75.85 393.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 106.21 393.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.30 393.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 148.89 393.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 164.10 393.35 Td (had ) Tj ET Q
q 0 0 0 rg BT 182.23 393.35 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 245.84 393.35 Td ($745 ) Tj ET Q
q 0 0 0 rg BT 269.81 393.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 303.11 393.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 314.24 393.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 335.86 393.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 353.99 393.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 375.61 393.35 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 426.40 393.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 437.53 393.35 Td (excess ) Tj ET Q
q 0 0 0 rg BT 467.90 393.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.61 393.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 496.57 393.35 Td (working ) Tj ET Q
q 0 0 0 rg BT 534.53 393.35 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 380.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.11 380.75 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 110.72 380.75 Td (requirements. ) Tj ET Q
q 0 0 0 rg BT 169.50 380.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 187.28 380.75 Td (primary ) Tj ET Q
q 0 0 0 rg BT 221.98 380.75 Td (objective ) Tj ET Q
q 0 0 0 rg BT 261.91 380.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 272.11 380.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 287.56 380.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 317.00 380.75 Td (structure ) Tj ET Q
q 0 0 0 rg BT 355.19 380.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 363.65 380.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 373.27 380.75 Td (provide ) Tj ET Q
q 0 0 0 rg BT 406.80 380.75 Td (needed ) Tj ET Q
q 0 0 0 rg BT 437.98 380.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 475.02 380.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 484.06 380.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 496.01 380.75 Td (times, ) Tj ET Q
q 0 0 0 rg BT 522.83 380.75 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 368.15 Td (maintaining ) Tj ET Q
q 0 0 0 rg BT 102.00 368.15 Td (required ) Tj ET Q
q 0 0 0 rg BT 139.32 368.15 Td (capital ) Tj ET Q
q 0 0 0 rg BT 169.64 368.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 180.14 368.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 211.05 368.15 Td (subsidiaries. ) Tj ET Q
q 0 0 0 rg BT 265.59 368.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 267.93 368.15 Td (Liquidity ) Tj ET Q
q 0 0 0 rg BT 309.35 368.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 326.85 368.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.01 368.15 Td (access ) Tj ET Q
q 0 0 0 rg BT 371.17 368.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 381.67 368.15 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 419.60 368.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 434.75 368.15 Td (important ) Tj ET Q
q 0 0 0 rg BT 477.92 368.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 488.42 368.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 503.59 368.15 Td (success ) Tj ET Q
q 0 0 0 rg BT 537.42 368.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.50 368.15 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 355.55 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 86.69 355.55 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 135.82 355.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 138.39 355.55 Td (W) Tj ET Q
q 0 0 0 rg BT 147.46 355.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 154.89 355.55 Td (review ) Tj ET Q
q 0 0 0 rg BT 186.23 355.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 203.00 355.55 Td (overall ) Tj ET Q
q 0 0 0 rg BT 234.92 355.55 Td (funding ) Tj ET Q
q 0 0 0 rg BT 270.35 355.55 Td (needs ) Tj ET Q
q 0 0 0 rg BT 297.03 355.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 314.96 355.55 Td (capital ) Tj ET Q
q 0 0 0 rg BT 345.72 355.55 Td (base ) Tj ET Q
q 0 0 0 rg BT 367.14 355.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 380.41 355.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 393.10 355.55 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 430.28 355.55 Td (basis ) Tj ET Q
q 0 0 0 rg BT 454.05 355.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 464.99 355.55 Td (determine ) Tj ET Q
q 0 0 0 rg BT 509.74 355.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 518.93 355.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.52 355.55 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 342.95 Td (base ) Tj ET Q
q 0 0 0 rg BT 70.24 342.95 Td (meets ) Tj ET Q
q 0 0 0 rg BT 96.81 342.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 111.72 342.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 151.11 342.95 Td (needs ) Tj ET Q
q 0 0 0 rg BT 177.10 342.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 187.92 342.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 204.00 342.95 Td (businesses. ) Tj ET Q
q 0 0 0 rg BT 253.04 342.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 255.12 342.95 Td (During ) Tj ET Q
q 0 0 0 rg BT 286.95 342.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 304.20 342.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 333.10 342.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 343.93 342.95 Td (heightened ) Tj ET Q
q 0 0 0 rg BT 392.08 342.95 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 441.39 342.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 451.64 342.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 466.54 342.95 Td (economic ) Tj ET Q
q 0 0 0 rg BT 509.44 342.95 Td (environment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 330.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 64.37 330.35 Td (remain ) Tj ET Q
q 0 0 0 rg BT 96.15 330.35 Td (focused ) Tj ET Q
q 0 0 0 rg BT 131.43 330.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 144.55 330.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 160.00 330.35 Td (preservation ) Tj ET Q
q 0 0 0 rg BT 214.53 330.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.90 330.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 256.51 330.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 267.30 330.35 Td (help ) Tj ET Q
q 0 0 0 rg BT 288.00 330.35 Td (us ) Tj ET Q
q 0 0 0 rg BT 299.96 330.35 Td (build ) Tj ET Q
q 0 0 0 rg BT 324.17 330.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 341.96 330.35 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 381.33 330.35 Td (liquidity) Tj ET Q
q 0 0 0 rg BT 416.23 330.35 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 305.15 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.37 305.15 Td (previously ) Tj ET Q
q 0 0 0 rg BT 109.90 305.15 Td (discussed, ) Tj ET Q
q 0 0 0 rg BT 154.98 305.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 167.68 305.15 Td (February ) Tj ET Q
q 0 0 0 rg BT 207.79 305.15 Td (17, ) Tj ET Q
q 0 0 0 rg BT 223.11 305.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 248.94 305.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 263.39 305.15 Td (entered ) Tj ET Q
q 0 0 0 rg BT 296.48 305.15 Td (into ) Tj ET Q
q 0 0 0 rg BT 315.02 305.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 321.88 305.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 339.19 305.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 354.31 305.15 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 403.16 305.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 424.03 305.15 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 461.66 305.15 Td (T) Tj ET Q
q 0 0 0 rg BT 467.34 305.15 Td (empleton. ) Tj ET Q
q 0 0 0 rg BT 511.24 305.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 513.28 305.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 531.81 305.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 549.11 305.15 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 292.55 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 99.07 292.55 Td (limits ) Tj ET Q
q 0 0 0 rg BT 125.91 292.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 142.83 292.55 Td (ability ) Tj ET Q
q 0 0 0 rg BT 172.58 292.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 183.67 292.55 Td (take ) Tj ET Q
q 0 0 0 rg BT 204.08 292.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 235.56 292.55 Td (actions ) Tj ET Q
q 0 0 0 rg BT 268.23 292.55 Td (including, ) Tj ET Q
q 0 0 0 rg BT 313.44 292.55 Td (among ) Tj ET Q
q 0 0 0 rg BT 344.94 292.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 369.43 292.55 Td (things, ) Tj ET Q
q 0 0 0 rg BT 400.65 292.55 Td (acquiring ) Tj ET Q
q 0 0 0 rg BT 443.22 292.55 Td (businesses, ) Tj ET Q
q 0 0 0 rg BT 493.10 292.55 Td (incurring ) Tj ET Q
q 0 0 0 rg BT 534.51 292.55 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 279.95 Td (expenditures ) Tj ET Q
q 0 0 0 rg BT 105.77 279.95 Td (above ) Tj ET Q
q 0 0 0 rg BT 133.47 279.95 Td (specified ) Tj ET Q
q 0 0 0 rg BT 174.00 279.95 Td (thresholds, ) Tj ET Q
q 0 0 0 rg BT 222.41 279.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 240.20 279.95 Td (incurring ) Tj ET Q
q 0 0 0 rg BT 281.31 279.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 325.93 279.95 Td (debt.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 254.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.83 254.75 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 126.41 254.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 137.16 254.75 Td (variable ) Tj ET Q
q 0 0 0 rg BT 172.98 254.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 205.89 254.75 Td (entities ) Tj ET Q
q 0 0 0 rg BT 238.22 254.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 280.47 254.75 Td (above ) Tj ET Q
q 0 0 0 rg BT 307.54 254.75 Td (does ) Tj ET Q
q 0 0 0 rg BT 328.79 254.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 344.21 254.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 374.79 254.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 390.79 254.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 428.38 254.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 445.55 254.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 475.53 254.75 Td (resources. ) Tj ET Q
q 0 0 0 rg BT 519.81 254.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 521.81 254.75 Td (However) Tj ET Q
q 0 0 0 rg BT 559.88 254.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 242.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 64.32 242.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 86.72 242.15 Td (executed ) Tj ET Q
q 0 0 0 rg BT 126.61 242.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 147.85 242.15 Td (return ) Tj ET Q
q 0 0 0 rg BT 175.50 242.15 Td (swap ) Tj ET Q
q 0 0 0 rg BT 199.66 242.15 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 258.79 242.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 280.04 242.15 Td (investors ) Tj ET Q
q 0 0 0 rg BT 320.53 242.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 331.27 242.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 362.41 242.15 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 404.63 242.15 Td (traded ) Tj ET Q
q 0 0 0 rg BT 433.45 242.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 459.36 242.15 Td (\("ETFs"\), ) Tj ET Q
q 0 0 0 rg BT 502.88 242.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 520.62 242.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 531.94 242.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 539.18 242.15 Td (result ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 229.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 64.86 229.55 Td (receive ) Tj ET Q
q 0 0 0 rg BT 98.28 229.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.22 229.55 Td (investors' ) Tj ET Q
q 0 0 0 rg BT 157.14 229.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 188.82 229.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 238.01 229.55 Td (gains ) Tj ET Q
q 0 0 0 rg BT 263.28 229.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 281.56 229.55 Td (losses ) Tj ET Q
q 0 0 0 rg BT 309.76 229.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 323.37 229.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 339.31 229.55 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 365.18 229.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 383.46 229.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 404.65 229.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 417.67 229.55 Td (required ) Tj ET Q
q 0 0 0 rg BT 455.77 229.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 467.05 229.55 Td (consolidate ) Tj ET Q
q 0 0 0 rg BT 517.98 229.55 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 543.85 229.55 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 216.95 Td (open ) Tj ET Q
q 0 0 0 rg BT 72.60 216.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 93.95 216.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 121.71 216.95 Td (swap ) Tj ET Q
q 0 0 0 rg BT 145.98 216.95 Td (agreements. ) Tj ET Q
q 0 0 0 rg BT 199.10 216.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 201.20 216.95 Td (At ) Tj ET Q
q 0 0 0 rg BT 214.38 216.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 244.48 216.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 260.29 216.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 286.60 216.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.12 216.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 323.47 216.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 351.23 216.95 Td (swap ) Tj ET Q
q 0 0 0 rg BT 375.50 216.95 Td (notional ) Tj ET Q
q 0 0 0 rg BT 412.60 216.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 442.11 216.95 Td (aggregated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.86 216.95 Td ($14.2 ) Tj ET Q
q 0 0 0 rg BT 517.17 216.95 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.51 216.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 552.82 216.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 555.51 216.95 Td (If ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 204.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.78 204.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 85.89 204.35 Td (return ) Tj ET Q
q 0 0 0 rg BT 113.41 204.35 Td (swap ) Tj ET Q
q 0 0 0 rg BT 137.45 204.35 Td (counterparties ) Tj ET Q
q 0 0 0 rg BT 199.37 204.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 222.22 204.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 232.84 204.35 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 274.94 204.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 296.63 204.35 Td (positions, ) Tj ET Q
q 0 0 0 rg BT 339.63 204.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 363.66 204.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 394.69 204.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 415.22 204.35 Td (invest ) Tj ET Q
q 0 0 0 rg BT 442.75 204.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 453.37 204.35 Td (support ) Tj ET Q
q 0 0 0 rg BT 487.32 204.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.60 204.35 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 523.72 204.35 Td (products. ) Tj ET Q
q 0 0 0 rg BT 565.13 204.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 191.75 Td (Otherwise, ) Tj ET Q
q 0 0 0 rg BT 97.94 191.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 112.84 191.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 135.31 191.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 148.47 191.75 Td (rights ) Tj ET Q
q 0 0 0 rg BT 175.04 191.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 185.87 191.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 201.35 191.75 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 237.24 191.75 Td (from, ) Tj ET Q
q 0 0 0 rg BT 262.94 191.75 Td (nor ) Tj ET Q
q 0 0 0 rg BT 279.59 191.75 Td (do ) Tj ET Q
q 0 0 0 rg BT 292.74 191.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 307.64 191.75 Td (bear ) Tj ET Q
q 0 0 0 rg BT 328.37 191.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 343.85 191.75 Td (risks ) Tj ET Q
q 0 0 0 rg BT 366.34 191.75 Td (associated ) Tj ET Q
q 0 0 0 rg BT 412.15 191.75 Td (with, ) Tj ET Q
q 0 0 0 rg BT 436.10 191.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 451.58 191.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 478.74 191.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 496.55 191.75 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 538.29 191.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.69 191.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 179.15 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 75.86 179.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 95.21 179.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 120.98 179.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 178.24 179.15 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 225.01 179.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 275.28 179.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 315.63 179.15 Td (beyond ) Tj ET Q
q 0 0 0 rg BT 350.73 179.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 368.92 179.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 423.27 179.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 435.63 179.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 454.98 179.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 505.25 179.15 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 545.60 179.15 Td (fees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 166.55 Td (generated ) Tj ET Q
q 0 0 0 rg BT 94.68 166.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 119.46 166.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 145.41 166.55 Td (products, ) Tj ET Q
q 0 0 0 rg BT 188.57 166.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 218.61 166.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 235.80 166.55 Td (eliminated ) Tj ET Q
q 0 0 0 rg BT 284.49 166.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 297.03 166.55 Td (consolidation. ) Tj ET Q
q 0 0 0 rg BT 360.61 166.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 364.02 166.55 Td (Additionally) Tj ET Q
q 0 0 0 rg BT 416.42 166.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 423.42 166.55 Td (creditors ) Tj ET Q
q 0 0 0 rg BT 464.52 166.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 477.65 166.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 494.85 166.55 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 521.39 166.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 540.92 166.55 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 153.95 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 105.53 153.95 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 151.06 153.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 200.10 153.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 239.22 153.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 262.00 153.95 Td (no ) Tj ET Q
q 0 0 0 rg BT 275.45 153.95 Td (recourse ) Tj ET Q
q 0 0 0 rg BT 313.97 153.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 325.10 153.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 342.05 153.95 Td (general ) Tj ET Q
q 0 0 0 rg BT 375.90 153.95 Td (credit ) Tj ET Q
q 0 0 0 rg BT 402.76 153.95 Td (beyond ) Tj ET Q
q 0 0 0 rg BT 436.63 153.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 452.42 153.95 Td (level ) Tj ET Q
q 0 0 0 rg BT 475.78 153.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 487.48 153.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 504.44 153.95 Td (investment, ) Tj ET Q
q 0 0 0 rg BT 556.10 153.95 Td (if ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 141.35 Td (any) Tj ET Q
q 0 0 0 rg BT 63.98 141.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 69.23 141.35 Td (so ) Tj ET Q
q 0 0 0 rg BT 81.19 141.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 96.06 141.35 Td (do ) Tj ET Q
q 0 0 0 rg BT 109.18 141.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 125.23 141.35 Td (consider ) Tj ET Q
q 0 0 0 rg BT 163.42 141.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 187.62 141.35 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 229.33 141.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 240.12 141.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 252.66 141.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 269.28 141.35 Td (obligations.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 116.15 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.07 116.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 94.81 116.15 Td (consist ) Tj ET Q
q 0 0 0 rg BT 126.21 116.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 167.53 116.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 178.51 116.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 222.74 116.15 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 252.11 116.15 Td (goodwill, ) Tj ET Q
q 0 0 0 rg BT 294.31 116.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 315.20 116.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.60 116.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 353.50 116.15 Td (equivalents, ) Tj ET Q
q 0 0 0 rg BT 406.18 116.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 454.50 116.15 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 499.02 116.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 516.42 116.15 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 103.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 88.84 103.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 107.19 103.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 138.93 103.55 Td (fee ) Tj ET Q
q 0 0 0 rg BT 154.93 103.55 Td (receivables. ) Tj ET Q
q 0 0 0 rg BT 207.96 103.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 211.15 103.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 230.66 103.55 Td (operations ) Tj ET Q
q 0 0 0 rg BT 277.58 103.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 300.58 103.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 323.59 103.55 Td (principally ) Tj ET Q
q 0 0 0 rg BT 372.26 103.55 Td (funded ) Tj ET Q
q 0 0 0 rg BT 404.60 103.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 418.28 103.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 447.71 103.55 Td (capital, ) Tj ET Q
q 0 0 0 rg BT 481.50 103.55 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 526.09 103.55 Td (debt ) Tj ET Q
q 0 0 0 rg BT 547.35 103.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 90.95 Td (retained ) Tj ET Q
q 0 0 0 rg BT 85.76 90.95 Td (earnings. ) Tj ET Q
q 0 0 0 rg BT 126.41 90.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 128.31 90.95 Td (At ) Tj ET Q
q 0 0 0 rg BT 141.26 90.95 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 186.87 90.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 212.94 90.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 234.05 90.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 251.65 90.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 272.76 90.95 Td (equivalents, ) Tj ET Q
q 0 0 0 rg BT 325.65 90.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 346.77 90.95 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 376.34 90.95 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 420.19 90.95 Td (debt, ) Tj ET Q
q 0 0 0 rg BT 443.34 90.95 Td (net, ) Tj ET Q
q 0 0 0 rg BT 461.24 90.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 478.85 90.95 Td (stockholders' ) Tj ET Q
q 0 0 0 rg BT 536.27 90.95 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 78.35 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 72.40 78.35 Td ($1.0 ) Tj ET Q
q 0 0 0 rg BT 93.27 78.35 Td (billion) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 120.69 78.35 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 125.81 78.35 Td ($8.0 ) Tj ET Q
q 0 0 0 rg BT 146.68 78.35 Td (billion) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 174.10 78.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 179.22 78.35 Td ($2.0 ) Tj ET Q
q 0 0 0 rg BT 200.09 78.35 Td (billion ) Tj ET Q
q 0 0 0 rg BT 230.00 78.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 247.66 78.35 Td ($3.8 ) Tj ET Q
q 0 0 0 rg BT 268.53 78.35 Td (billion) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 295.95 78.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 301.07 78.35 Td (respectively) Tj ET Q
q 0 0 0 rg BT 351.12 78.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 356.24 78.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 358.55 78.35 Td (T) Tj ET Q
q 0 0 0 rg BT 364.24 78.35 Td (otal ) Tj ET Q
q 0 0 0 rg BT 382.48 78.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 409.47 78.35 Td (include ) Tj ET Q
q 0 0 0 rg BT 442.87 78.35 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 480.95 78.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 512.01 78.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 522.67 78.35 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 547.34 78.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 65.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 73.70 65.75 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 129.40 65.75 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 174.60 65.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 223.30 65.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 262.09 65.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 273.46 65.75 Td ($0.2 ) Tj ET Q
q 0 0 0 rg BT 294.46 65.75 Td (billion.) Tj ET Q
endstream
endobj
127 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 128 0 R>>
endobj
128 0 obj
<</Length 40932>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (61) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 74.57 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 93.80 741.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 116.53 741.75 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 168.42 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 185.30 741.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 228.44 741.75 Td (invested ) Tj ET Q
q 0 0 0 rg BT 267.51 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 279.74 741.75 Td (liquid ) Tj ET Q
q 0 0 0 rg BT 308.31 741.75 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 350.29 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 369.52 741.75 Td (non-domestic ) Tj ET Q
q 0 0 0 rg BT 430.75 741.75 Td (money ) Tj ET Q
q 0 0 0 rg BT 463.39 741.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 496.62 741.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 524.02 741.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 543.83 741.75 Td (hold ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (principally ) Tj ET Q
q 0 0 0 rg BT 97.50 729.15 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 137.92 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 155.59 729.15 Td (non-domestic ) Tj ET Q
q 0 0 0 rg BT 215.25 729.15 Td (government ) Tj ET Q
q 0 0 0 rg BT 267.92 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 285.59 729.15 Td (agency ) Tj ET Q
q 0 0 0 rg BT 317.83 729.15 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 362.62 729.15 Td (bank ) Tj ET Q
q 0 0 0 rg BT 385.54 729.15 Td (deposits, ) Tj ET Q
q 0 0 0 rg BT 425.09 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 442.76 729.15 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 484.91 729.15 Td (commercial ) Tj ET Q
q 0 0 0 rg BT 536.98 729.15 Td (paper) Tj ET Q
q 0 0 0 rg BT 559.88 729.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.85 716.55 Td (short-term ) Tj ET Q
q 0 0 0 rg BT 114.78 716.55 Td (treasury ) Tj ET Q
q 0 0 0 rg BT 151.79 716.55 Td (bills. ) Tj ET Q
q 0 0 0 rg BT 175.47 716.55 Td (W) Tj ET Q
q 0 0 0 rg BT 184.54 716.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 192.39 716.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 215.40 716.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 232.01 716.55 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 281.26 716.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 299.61 716.55 Td (losses ) Tj ET Q
q 0 0 0 rg BT 327.89 716.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 341.58 716.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 366.35 716.55 Td (investments. ) Tj ET Q
q 0 0 0 rg BT 422.33 716.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 441.85 716.55 Td (monitoring ) Tj ET Q
q 0 0 0 rg BT 491.71 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 503.65 716.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 525.49 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 543.85 716.55 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 99.95 703.95 Td (partially ) Tj ET Q
q 0 0 0 rg BT 137.56 703.95 Td (mitigates ) Tj ET Q
q 0 0 0 rg BT 178.68 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 194.13 703.95 Td (potential ) Tj ET Q
q 0 0 0 rg BT 233.50 703.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 251.87 703.95 Td (material ) Tj ET Q
q 0 0 0 rg BT 288.89 703.95 Td (risks ) Tj ET Q
q 0 0 0 rg BT 311.35 703.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 332.06 703.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 344.59 703.95 Td (associated ) Tj ET Q
q 0 0 0 rg BT 390.37 703.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 411.66 703.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 435.86 703.95 Td (balances.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 678.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 111.91 678.75 Td (table ) Tj ET Q
q 0 0 0 rg BT 134.94 678.75 Td (summarizes ) Tj ET Q
q 0 0 0 rg BT 187.72 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 204.34 678.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 262.38 678.75 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 311.08 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.45 678.75 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 346.08 678.75 Td (Flows ) Tj ET Q
q 0 0 0 rg BT 374.38 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 389.25 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 404.70 678.75 Td (years ) Tj ET Q
q 0 0 0 rg BT 429.48 678.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 457.18 678.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 487.21 678.75 Td (31 ) Tj ET Q
q 0 0 0 rg BT 500.33 678.75 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 514.62 678.75 Td (millions\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 653.25 m
358 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
362 653.25 m
426 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430 653.25 m
494 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 653.25 m
562 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
362 653.25 m
426 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430 653.25 m
494 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 653.25 m
562 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 593.25 m
358 593.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
362 593.25 m
426 593.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430 593.25 m
494 593.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 593.25 m
562 593.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 563.25 m
358 563.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
362 563.25 m
426 563.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430 563.25 m
494 563.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 563.25 m
562 563.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 548.25 m
358 548.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
362 548.25 m
426 548.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430 548.25 m
494 548.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 548.25 m
562 548.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 658.02 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 383.00 658.04 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.00 658.02 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.00 658.02 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 643.02 Td (Cash flows provided by operating activities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 364.50 643.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 398.35 643.04 Td (560.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.50 643.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 643.02 Td (560.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.50 643.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 643.02 Td (489.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 628.02 Td (Cash flows used in investing activities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 400.10 628.04 Td (\(45.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 422.00 628.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.10 628.02 Td (\(36.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 628.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 628.02 Td (\(19.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 628.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 613.02 Td (Cash flows used in financing activities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 394.85 613.04 Td (\(409.0) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 422.00 613.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 613.02 Td (\(331.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 613.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.85 613.02 Td (\(462.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 613.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 598.02 Td (Ef) Tj ET Q
q 0 0 0 rg BT 62.32 598.02 Td (fect of exchange rate changes) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.35 598.04 Td (\(7.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 422.00 598.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.10 598.02 Td (\(15.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 598.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 598.02 Td (1) Tj ET Q
q 0 0 0 rg BT 544.85 598.02 Td (1.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 583.02 Td (Net change in cash and cash equivalents) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 403.60 583.04 Td (98.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 583.02 Td (177.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.60 583.02 Td (19.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 568.02 Td (Cash and cash equivalents, beginning of period) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 398.35 568.04 Td (950.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 568.02 Td (773.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 568.02 Td (754.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 553.02 Td (Cash and cash equivalents, end of period) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 364.50 553.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 390.50 553.04 Td (1,049.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.50 553.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 553.02 Td (950.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.50 553.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 553.02 Td (773.8) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 523.55 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 74.04 523.55 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 109.08 523.55 Td (provided ) Tj ET Q
q 0 0 0 rg BT 149.95 523.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 163.99 523.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 207.18 523.55 Td (activities ) Tj ET Q
q 0 0 0 rg BT 248.63 523.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 279.58 523.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 305.86 523.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 330.40 523.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 354.34 523.55 Td ($560.6 ) Tj ET Q
q 0 0 0 rg BT 386.75 523.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 423.26 523.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 465.87 523.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 497.97 523.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 509.68 523.55 Td (Net ) Tj ET Q
q 0 0 0 rg BT 528.38 523.55 Td (Income, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 510.95 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 86.38 510.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 100.52 510.95 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 140.31 510.95 Td (items. ) Tj ET Q
q 0 0 0 rg BT 167.58 510.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 169.47 510.95 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 192.36 510.95 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 225.75 510.95 Td (provided ) Tj ET Q
q 0 0 0 rg BT 264.97 510.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 277.36 510.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 318.90 510.95 Td (activities ) Tj ET Q
q 0 0 0 rg BT 358.70 510.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 388.00 510.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 412.63 510.95 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 435.52 510.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 457.81 510.95 Td ($560.9 ) Tj ET Q
q 0 0 0 rg BT 488.58 510.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 523.43 510.95 Td (primarily ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 498.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 81.20 498.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 92.50 498.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 110.79 498.35 Td (Income, ) Tj ET Q
q 0 0 0 rg BT 148.03 498.35 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 186.16 498.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 201.54 498.35 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 242.57 498.35 Td (items, ) Tj ET Q
q 0 0 0 rg BT 271.08 498.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 313.88 498.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 365.41 498.35 Td (char) Tj ET Q
q 0 0 0 rg BT 383.29 498.35 Td (ges ) Tj ET Q
q 0 0 0 rg BT 400.42 498.35 Td (totaling ) Tj ET Q
q 0 0 0 rg BT 435.64 498.35 Td ($365.2 ) Tj ET Q
q 0 0 0 rg BT 467.64 498.35 Td (million. ) Tj ET Q
q 0 0 0 rg BT 503.74 498.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 506.87 498.35 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 531.00 498.35 Td (inflows ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 485.75 Td (provided ) Tj ET Q
q 0 0 0 rg BT 89.33 485.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 102.34 485.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 144.51 485.75 Td (activities ) Tj ET Q
q 0 0 0 rg BT 184.92 485.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 214.85 485.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 240.10 485.75 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 263.60 485.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 286.52 485.75 Td ($489.4 ) Tj ET Q
q 0 0 0 rg BT 317.90 485.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 353.37 485.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 394.96 485.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 426.03 485.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 436.71 485.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 454.38 485.75 Td (Income, ) Tj ET Q
q 0 0 0 rg BT 491.00 485.75 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 528.50 485.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 543.25 485.75 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 473.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 70.44 473.15 Td (items, ) Tj ET Q
q 0 0 0 rg BT 98.09 473.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 140.04 473.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.14 473.15 Td ($229.0 ) Tj ET Q
q 0 0 0 rg BT 186.30 473.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 218.92 473.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 229.94 473.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 280.63 473.15 Td (char) Tj ET Q
q 0 0 0 rg BT 298.51 473.15 Td (ges ) Tj ET Q
q 0 0 0 rg BT 314.79 473.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.23 473.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.33 473.15 Td ($213.7 ) Tj ET Q
q 0 0 0 rg BT 378.49 473.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 411.11 473.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 426.22 473.15 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 457.65 473.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 505.99 473.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 516.43 473.15 Td (connection ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 460.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 70.79 460.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 86.25 460.55 Td (enactment ) Tj ET Q
q 0 0 0 rg BT 132.02 460.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 143.39 460.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.65 460.55 Td (T) Tj ET Q
q 0 0 0 rg BT 164.33 460.55 Td (ax ) Tj ET Q
q 0 0 0 rg BT 176.87 460.55 Td (Law) Tj ET Q
q 0 0 0 rg BT 194.84 460.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 200.09 460.55 Td (of) Tj ET Q
q 0 0 0 rg BT 208.65 460.55 Td (fset ) Tj ET Q
q 0 0 0 rg BT 226.44 460.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 237.23 460.55 Td (part ) Tj ET Q
q 0 0 0 rg BT 256.18 460.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 269.30 460.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 284.76 460.55 Td (activity ) Tj ET Q
q 0 0 0 rg BT 318.87 460.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 330.24 460.55 Td (CIVs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 435.35 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 73.64 435.35 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 113.54 435.35 Td (used ) Tj ET Q
q 0 0 0 rg BT 135.93 435.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 147.24 435.35 Td (investing ) Tj ET Q
q 0 0 0 rg BT 188.88 435.35 Td (activities ) Tj ET Q
q 0 0 0 rg BT 229.93 435.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 260.49 435.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 286.37 435.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 310.51 435.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 334.06 435.35 Td ($45.4 ) Tj ET Q
q 0 0 0 rg BT 360.82 435.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 396.93 435.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 439.15 435.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 470.85 435.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 482.16 435.35 Td (payments ) Tj ET Q
q 0 0 0 rg BT 525.55 435.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 540.94 435.35 Td (fixed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 422.75 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 80.28 422.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 88.60 422.75 Td (minority ) Tj ET Q
q 0 0 0 rg BT 128.43 422.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 178.16 422.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 189.99 422.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 198.31 422.75 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 222.39 422.75 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 269.19 422.75 Td (solutions ) Tj ET Q
q 0 0 0 rg BT 310.77 422.75 Td (provider) Tj ET Q
q 0 0 0 rg BT 345.93 422.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 352.21 422.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 371.03 422.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.52 422.75 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 437.25 422.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 449.66 422.75 Td (Gramercy ) Tj ET Q
q 0 0 0 rg BT 495.29 422.75 Td (Europe ) Tj ET Q
q 0 0 0 rg BT 529.27 422.75 Td (\(Jersey\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 410.15 Td (Limited ) Tj ET Q
q 0 0 0 rg BT 86.85 410.15 Td (\("Gramercy"\), ) Tj ET Q
q 0 0 0 rg BT 151.11 410.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 183.78 410.15 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 228.13 410.15 Td (below) Tj ET Q
q 0 0 0 rg BT 253.11 410.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 259.84 410.15 Td (of) Tj ET Q
q 0 0 0 rg BT 268.39 410.15 Td (fset ) Tj ET Q
q 0 0 0 rg BT 287.66 410.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 299.92 410.15 Td (part ) Tj ET Q
q 0 0 0 rg BT 320.35 410.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 334.95 410.15 Td (returns ) Tj ET Q
q 0 0 0 rg BT 368.21 410.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 381.06 410.15 Td (capital ) Tj ET Q
q 0 0 0 rg BT 413.14 410.15 Td (received ) Tj ET Q
q 0 0 0 rg BT 452.80 410.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 467.40 410.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 500.07 410.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 554.33 410.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 397.55 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 102.40 397.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 119.14 397.55 Td (limited ) Tj ET Q
q 0 0 0 rg BT 150.47 397.55 Td (liability ) Tj ET Q
q 0 0 0 rg BT 184.72 397.55 Td (companies. ) Tj ET Q
q 0 0 0 rg BT 233.83 397.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 235.41 397.55 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 257.99 397.55 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 296.32 397.55 Td (used ) Tj ET Q
q 0 0 0 rg BT 317.15 397.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 326.90 397.55 Td (investing ) Tj ET Q
q 0 0 0 rg BT 366.98 397.55 Td (activities ) Tj ET Q
q 0 0 0 rg BT 406.46 397.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 435.46 397.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 459.78 397.55 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 482.36 397.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 504.34 397.55 Td ($36.5 ) Tj ET Q
q 0 0 0 rg BT 529.54 397.55 Td (million, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 384.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 91.51 384.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 123.00 384.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 134.10 384.95 Td (payments ) Tj ET Q
q 0 0 0 rg BT 177.28 384.95 Td (made ) Tj ET Q
q 0 0 0 rg BT 202.95 384.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 218.13 384.95 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 242.63 384.95 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 272.69 384.95 Td (of) Tj ET Q
q 0 0 0 rg BT 281.25 384.95 Td (fset ) Tj ET Q
q 0 0 0 rg BT 299.34 384.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 310.44 384.95 Td (part ) Tj ET Q
q 0 0 0 rg BT 329.70 384.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 343.13 384.95 Td (returns ) Tj ET Q
q 0 0 0 rg BT 375.22 384.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.90 384.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 417.82 384.95 Td (received ) Tj ET Q
q 0 0 0 rg BT 456.30 384.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 469.74 384.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 501.23 384.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 554.33 384.95 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 372.35 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 102.57 372.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 119.49 372.35 Td (limited ) Tj ET Q
q 0 0 0 rg BT 150.99 372.35 Td (liability ) Tj ET Q
q 0 0 0 rg BT 185.40 372.35 Td (companies.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 232.93 372.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 234.68 372.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 236.44 372.35 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 259.19 372.35 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 297.69 372.35 Td (used ) Tj ET Q
q 0 0 0 rg BT 318.69 372.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 328.61 372.35 Td (investing ) Tj ET Q
q 0 0 0 rg BT 368.86 372.35 Td (activities ) Tj ET Q
q 0 0 0 rg BT 408.52 372.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 437.69 372.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 462.18 372.35 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 484.93 372.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 507.08 372.35 Td ($19.5 ) Tj ET Q
q 0 0 0 rg BT 532.46 372.35 Td (billion, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 359.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 91.51 359.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 123.00 359.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 134.10 359.75 Td (payments ) Tj ET Q
q 0 0 0 rg BT 177.28 359.75 Td (made ) Tj ET Q
q 0 0 0 rg BT 202.95 359.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 218.13 359.75 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 242.63 359.75 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 272.69 359.75 Td (of) Tj ET Q
q 0 0 0 rg BT 281.25 359.75 Td (fset ) Tj ET Q
q 0 0 0 rg BT 299.34 359.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 310.44 359.75 Td (part ) Tj ET Q
q 0 0 0 rg BT 329.70 359.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 343.13 359.75 Td (returns ) Tj ET Q
q 0 0 0 rg BT 375.22 359.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.90 359.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 417.82 359.75 Td (received ) Tj ET Q
q 0 0 0 rg BT 456.30 359.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 469.74 359.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 501.23 359.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 554.33 359.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 347.15 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 103.45 347.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 121.23 347.15 Td (limited ) Tj ET Q
q 0 0 0 rg BT 153.61 347.15 Td (liability ) Tj ET Q
q 0 0 0 rg BT 188.90 347.15 Td (companies.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 321.95 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 72.79 321.95 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 111.83 321.95 Td (used ) Tj ET Q
q 0 0 0 rg BT 133.37 321.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 143.82 321.95 Td (financing ) Tj ET Q
q 0 0 0 rg BT 185.76 321.95 Td (activities ) Tj ET Q
q 0 0 0 rg BT 225.96 321.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 255.66 321.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 280.69 321.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 303.98 321.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 326.67 321.95 Td ($409.0 ) Tj ET Q
q 0 0 0 rg BT 357.83 321.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 393.08 321.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 434.45 321.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 465.30 321.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 475.76 321.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.87 321.95 Td (repayment ) Tj ET Q
q 0 0 0 rg BT 537.48 321.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.51 321.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 309.35 Td ($250 ) Tj ET Q
q 0 0 0 rg BT 73.98 309.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 107.80 309.35 Td (2.7% ) Tj ET Q
q 0 0 0 rg BT 133.15 309.35 Td (Senior ) Tj ET Q
q 0 0 0 rg BT 164.04 309.35 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 192.02 309.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 203.67 309.35 Td (July ) Tj ET Q
q 0 0 0 rg BT 224.65 309.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 251.76 309.35 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 296.07 309.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 317.63 309.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 329.85 309.35 Td ($138.0 ) Tj ET Q
q 0 0 0 rg BT 362.21 309.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 398.65 309.35 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 454.64 309.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 466.29 309.35 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 531.59 309.35 Td (interest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 296.75 Td (holders ) Tj ET Q
q 0 0 0 rg BT 83.10 296.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.53 296.75 Td ($37.8 ) Tj ET Q
q 0 0 0 rg BT 120.84 296.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 156.49 296.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 174.34 296.75 Td (employee ) Tj ET Q
q 0 0 0 rg BT 217.84 296.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 233.36 296.75 Td (withholdings ) Tj ET Q
q 0 0 0 rg BT 290.88 296.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 304.07 296.75 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 349.91 296.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.34 296.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 376.86 296.75 Td (share ) Tj ET Q
q 0 0 0 rg BT 401.70 296.75 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 454.54 296.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 465.97 296.75 Td ($15.4 ) Tj ET Q
q 0 0 0 rg BT 492.28 296.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 527.93 296.75 Td (of) Tj ET Q
q 0 0 0 rg BT 536.49 296.75 Td (fset ) Tj ET Q
q 0 0 0 rg BT 554.34 296.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 284.15 Td (part ) Tj ET Q
q 0 0 0 rg BT 67.63 284.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 79.93 284.15 Td (issuances ) Tj ET Q
q 0 0 0 rg BT 121.40 284.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.95 284.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 170.50 284.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 194.47 284.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 208.52 284.15 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 259.89 284.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 320.02 284.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 330.57 284.15 Td ($44.1 ) Tj ET Q
q 0 0 0 rg BT 356.00 284.15 Td (million. ) Tj ET Q
q 0 0 0 rg BT 390.76 284.15 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 413.57 284.15 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 452.12 284.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 473.18 284.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 483.15 284.15 Td (financing ) Tj ET Q
q 0 0 0 rg BT 524.61 284.15 Td (activities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 271.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 80.23 271.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 106.29 271.55 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 130.62 271.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 154.34 271.55 Td ($331.5 ) Tj ET Q
q 0 0 0 rg BT 186.53 271.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 222.82 271.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 265.21 271.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 297.10 271.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 308.58 271.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.73 271.55 Td (repayment ) Tj ET Q
q 0 0 0 rg BT 372.37 271.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 384.43 271.55 Td ($125.5 ) Tj ET Q
q 0 0 0 rg BT 416.63 271.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 450.29 271.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 462.36 271.55 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 514.68 271.55 Td (borrowings ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 258.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 75.82 258.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 92.24 258.95 Td (unsecured ) Tj ET Q
q 0 0 0 rg BT 137.22 258.95 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 179.88 258.95 Td (credit ) Tj ET Q
q 0 0 0 rg BT 206.19 258.95 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 252.33 258.95 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 266.99 258.95 Td (amended ) Tj ET Q
q 0 0 0 rg BT 307.31 258.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 330.14 258.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 351.21 258.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 361.80 258.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 382.88 258.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 398.12 258.95 Td ("Credit ) Tj ET Q
q 0 0 0 rg BT 430.54 258.95 Td (Agreement"\), ) Tj ET Q
q 0 0 0 rg BT 490.01 258.95 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 533.25 258.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 553.75 258.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 246.35 Td ($1) Tj ET Q
q 0 0 0 rg BT 59.61 246.35 Td (14.8 ) Tj ET Q
q 0 0 0 rg BT 82.89 246.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 120.75 246.35 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 178.16 246.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 191.24 246.35 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 257.97 246.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 293.78 246.35 Td (holders ) Tj ET Q
q 0 0 0 rg BT 329.59 246.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 343.24 246.35 Td ($38.6 ) Tj ET Q
q 0 0 0 rg BT 371.77 246.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 407.01 246.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 427.07 246.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 444.80 246.35 Td (redemptions ) Tj ET Q
q 0 0 0 rg BT 501.61 246.35 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 554.33 246.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 233.75 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 112.81 233.75 Td (interests ) Tj ET Q
q 0 0 0 rg BT 149.28 233.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 158.92 233.75 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 182.57 233.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.21 233.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 222.26 233.75 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 276.81 233.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 324.37 233.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 362.00 233.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 372.23 233.75 Td ($22.2 ) Tj ET Q
q 0 0 0 rg BT 397.33 233.75 Td (million. ) Tj ET Q
q 0 0 0 rg BT 431.77 233.75 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 454.25 233.75 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 492.48 233.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 513.21 233.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 522.85 233.75 Td (financing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 221.15 Td (activities ) Tj ET Q
q 0 0 0 rg BT 90.62 221.15 Td (during ) Tj ET Q
q 0 0 0 rg BT 121.24 221.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 147.19 221.15 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 171.41 221.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 195.02 221.15 Td ($462.3 ) Tj ET Q
q 0 0 0 rg BT 227.11 221.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 263.28 221.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 305.57 221.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 337.34 221.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 348.72 221.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.76 221.15 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 405.29 221.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 417.25 221.15 Td (6.6 ) Tj ET Q
q 0 0 0 rg BT 433.58 221.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 467.13 221.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 496.59 221.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 508.54 221.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 525.75 221.15 Td (common ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 208.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 75.14 208.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 90.85 208.55 Td ($253.6 ) Tj ET Q
q 0 0 0 rg BT 123.20 208.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 157.00 208.55 Td (through ) Tj ET Q
q 0 0 0 rg BT 193.14 208.55 Td (open ) Tj ET Q
q 0 0 0 rg BT 217.02 208.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 249.65 208.55 Td (purchases, ) Tj ET Q
q 0 0 0 rg BT 297.14 208.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 313.44 208.55 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 354.23 208.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 366.45 208.55 Td (5.6 ) Tj ET Q
q 0 0 0 rg BT 383.04 208.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 416.85 208.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 446.56 208.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 458.78 208.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 476.25 208.55 Td (common ) Tj ET Q
q 0 0 0 rg BT 516.47 208.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 542.10 208.55 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 195.95 Td (Shanda ) Tj ET Q
q 0 0 0 rg BT 82.81 195.95 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 109.21 195.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 167.10 195.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 216.83 195.95 Td (Limited ) Tj ET Q
q 0 0 0 rg BT 253.14 195.95 Td (\("Shanda"\) ) Tj ET Q
q 0 0 0 rg BT 302.69 195.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 318.01 195.95 Td ($225.5 ) Tj ET Q
q 0 0 0 rg BT 349.96 195.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 385.99 195.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 397.81 195.95 Td (further ) Tj ET Q
q 0 0 0 rg BT 429.45 195.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 472.77 195.95 Td (below) Tj ET Q
q 0 0 0 rg BT 497.75 195.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 503.45 195.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 521.68 195.95 Td (dividends ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 183.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 70.04 183.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 81.25 183.35 Td ($102.2 ) Tj ET Q
q 0 0 0 rg BT 112.58 183.35 Td (million, ) Tj ET Q
q 0 0 0 rg BT 148.01 183.35 Td (of) Tj ET Q
q 0 0 0 rg BT 156.56 183.35 Td (fset ) Tj ET Q
q 0 0 0 rg BT 174.19 183.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 184.81 183.35 Td (part ) Tj ET Q
q 0 0 0 rg BT 203.60 183.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 216.56 183.35 Td ($125.5 ) Tj ET Q
q 0 0 0 rg BT 247.90 183.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 280.69 183.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 291.90 183.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 307.19 183.35 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 357.48 183.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 383.85 183.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 400.31 183.35 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 428.47 183.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 477.58 183.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 488.21 183.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 509.91 183.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.20 183.35 Td (purchase ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 170.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 170.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 77.49 170.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 106.36 170.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 129.39 170.75 Td (Shanda. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 145.55 Td (On ) Tj ET Q
q 0 0 0 rg BT 64.60 145.55 Td (April ) Tj ET Q
q 0 0 0 rg BT 89.67 145.55 Td (3, ) Tj ET Q
q 0 0 0 rg BT 100.46 145.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 126.99 145.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 142.15 145.55 Td (borrowed ) Tj ET Q
q 0 0 0 rg BT 185.29 145.55 Td ($250 ) Tj ET Q
q 0 0 0 rg BT 209.20 145.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 242.45 145.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 269.27 145.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 285.01 145.55 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 313.52 145.55 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 363.07 145.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 374.15 145.55 Td (provide ) Tj ET Q
q 0 0 0 rg BT 409.14 145.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 454.04 145.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 492.53 145.55 Td (amid ) Tj ET Q
q 0 0 0 rg BT 516.44 145.55 Td (heightened ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 132.95 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 99.31 132.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 117.06 132.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 127.81 132.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.22 132.95 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 193.05 132.95 Td (pandemic. ) Tj ET Q
q 0 0 0 rg BT 239.08 132.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 241.48 132.95 Td (W) Tj ET Q
q 0 0 0 rg BT 250.55 132.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 257.79 132.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 270.87 132.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 286.88 132.95 Td (currently ) Tj ET Q
q 0 0 0 rg BT 327.36 132.95 Td (foresee ) Tj ET Q
q 0 0 0 rg BT 360.25 132.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 378.00 132.95 Td (need ) Tj ET Q
q 0 0 0 rg BT 400.40 132.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 411.16 132.95 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 439.98 132.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 457.74 132.95 Td (cash, ) Tj ET Q
q 0 0 0 rg BT 481.60 132.95 Td (but ) Tj ET Q
q 0 0 0 rg BT 497.60 132.95 Td (it ) Tj ET Q
q 0 0 0 rg BT 506.02 132.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 524.94 132.95 Td (drawn ) Tj ET Q
q 0 0 0 rg BT 553.76 132.95 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 120.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 57.33 120.35 Td (precaution ) Tj ET Q
q 0 0 0 rg BT 104.82 120.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 116.15 120.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.15 120.35 Td (event ) Tj ET Q
q 0 0 0 rg BT 158.06 120.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.06 120.35 Td (economic ) Tj ET Q
q 0 0 0 rg BT 218.05 120.35 Td (environment ) Tj ET Q
q 0 0 0 rg BT 274.29 120.35 Td (worsens ) Tj ET Q
q 0 0 0 rg BT 311.88 120.35 Td (significantly) Tj ET Q
q 0 0 0 rg BT 363.69 120.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 369.48 120.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 372.65 120.35 Td (Based ) Tj ET Q
q 0 0 0 rg BT 401.48 120.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 415.15 120.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 432.32 120.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 465.23 120.35 Td (level ) Tj ET Q
q 0 0 0 rg BT 488.80 120.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.72 120.35 Td (operations, ) Tj ET Q
q 0 0 0 rg BT 550.25 120.35 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 107.75 Td (expect ) Tj ET Q
q 0 0 0 rg BT 79.10 107.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 97.04 107.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 117.89 107.75 Td (generated ) Tj ET Q
q 0 0 0 rg BT 160.89 107.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 183.50 107.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 199.69 107.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 241.54 107.75 Td (activities, ) Tj ET Q
q 0 0 0 rg BT 284.27 107.75 Td (together ) Tj ET Q
q 0 0 0 rg BT 320.87 107.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 341.73 107.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 381.82 107.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 402.67 107.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 415.37 107.75 Td (hand, ) Tj ET Q
q 0 0 0 rg BT 440.60 107.75 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 484.20 107.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 499.23 107.75 Td (proceeds ) Tj ET Q
q 0 0 0 rg BT 538.74 107.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.68 107.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 95.15 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 77.92 95.15 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 127.36 95.15 Td (drawing, ) Tj ET Q
q 0 0 0 rg BT 167.18 95.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 186.31 95.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 199.01 95.15 Td (adequate ) Tj ET Q
q 0 0 0 rg BT 239.11 95.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 250.07 95.15 Td (support ) Tj ET Q
q 0 0 0 rg BT 284.36 95.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 301.14 95.15 Td (working ) Tj ET Q
q 0 0 0 rg BT 338.93 95.15 Td (capital ) Tj ET Q
q 0 0 0 rg BT 369.71 95.15 Td (needs ) Tj ET Q
q 0 0 0 rg BT 396.41 95.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 411.44 95.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 421.81 95.15 Td (least ) Tj ET Q
q 0 0 0 rg BT 443.84 95.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.46 95.15 Td (next ) Tj ET Q
q 0 0 0 rg BT 480.33 95.15 Td (12 ) Tj ET Q
q 0 0 0 rg BT 493.62 95.15 Td (months. ) Tj ET Q
q 0 0 0 rg BT 529.96 95.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 532.75 95.15 Td (Should ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 82.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.02 82.55 Td (economic ) Tj ET Q
q 0 0 0 rg BT 108.53 82.55 Td (environment ) Tj ET Q
q 0 0 0 rg BT 164.29 82.55 Td (worsen ) Tj ET Q
q 0 0 0 rg BT 197.31 82.55 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 252.49 82.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 270.35 82.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 287.03 82.55 Td (projections ) Tj ET Q
q 0 0 0 rg BT 336.38 82.55 Td (prove ) Tj ET Q
q 0 0 0 rg BT 362.98 82.55 Td (incorrect, ) Tj ET Q
q 0 0 0 rg BT 405.61 82.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 420.54 82.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 449.49 82.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 472.00 82.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.52 82.55 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 515.86 82.55 Td (Agreement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 69.95 Td (drawdown ) Tj ET Q
q 0 0 0 rg BT 96.74 69.95 Td (proceeds ) Tj ET Q
q 0 0 0 rg BT 136.98 69.95 Td (available ) Tj ET Q
q 0 0 0 rg BT 177.80 69.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 192.96 69.95 Td (use. ) Tj ET Q
q 0 0 0 rg BT 212.50 69.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 215.42 69.95 Td (Subject ) Tj ET Q
q 0 0 0 rg BT 249.84 69.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 260.93 69.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 276.68 69.95 Td (limitations ) Tj ET Q
q 0 0 0 rg BT 324.52 69.95 Td (contained ) Tj ET Q
q 0 0 0 rg BT 368.26 69.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 379.34 69.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 395.09 69.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 412.40 69.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 428.08 69.95 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 480.27 69.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 495.44 69.95 Td (currently ) Tj ET Q
q 0 0 0 rg BT 536.26 69.95 Td (intend ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 57.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.92 57.35 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 88.40 57.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 104.65 57.35 Td (available ) Tj ET Q
q 0 0 0 rg BT 144.79 57.35 Td (resources ) Tj ET Q
q 0 0 0 rg BT 186.69 57.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 201.18 57.35 Td (activities ) Tj ET Q
q 0 0 0 rg BT 241.33 57.35 Td (including, ) Tj ET Q
q 0 0 0 rg BT 285.87 57.35 Td (but ) Tj ET Q
q 0 0 0 rg BT 301.54 57.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 317.20 57.35 Td (limited ) Tj ET Q
q 0 0 0 rg BT 349.20 57.35 Td (to, ) Tj ET Q
q 0 0 0 rg BT 362.24 57.35 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 400.05 57.35 Td (restructuring, ) Tj ET Q
q 0 0 0 rg BT 458.58 57.35 Td (acquisitions, ) Tj ET Q
q 0 0 0 rg BT 513.61 57.35 Td (seed ) Tj ET Q
q 0 0 0 rg BT 534.52 57.35 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 44.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 102.22 44.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 112.94 44.75 Td (new ) Tj ET Q
q 0 0 0 rg BT 132.98 44.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 150.69 44.75 Td (existing ) Tj ET Q
q 0 0 0 rg BT 186.49 44.75 Td (products, ) Tj ET Q
q 0 0 0 rg BT 227.83 44.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 245.54 44.75 Td (payment ) Tj ET Q
q 0 0 0 rg BT 284.25 44.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 295.55 44.75 Td (dividends. ) Tj ET Q
q 0 0 0 rg BT 341.56 44.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 344.11 44.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 355.41 44.75 Td (addition ) Tj ET Q
q 0 0 0 rg BT 392.37 44.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 403.09 44.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 419.64 44.75 Td (ordinary ) Tj ET Q
q 0 0 0 rg BT 457.77 44.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 499.97 44.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 521.18 44.75 Td (needs, ) Tj ET Q
q 0 0 0 rg BT 550.26 44.75 Td (we ) Tj ET Q
endstream
endobj
129 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 130 0 R>>
endobj
130 0 obj
<</Length 34715>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (62) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (anticipate ) Tj ET Q
q 0 0 0 rg BT 92.86 741.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 116.98 741.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 138.19 741.75 Td (needs ) Tj ET Q
q 0 0 0 rg BT 164.64 741.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 194.60 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.98 741.75 Td (next ) Tj ET Q
q 0 0 0 rg BT 230.60 741.75 Td (12 ) Tj ET Q
q 0 0 0 rg BT 243.65 741.75 Td (months, ) Tj ET Q
q 0 0 0 rg BT 279.74 741.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 321.95 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 337.33 741.75 Td (payment ) Tj ET Q
q 0 0 0 rg BT 376.03 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 387.32 741.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 418.43 741.75 Td (severance ) Tj ET Q
q 0 0 0 rg BT 462.37 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 480.07 741.75 Td (retention ) Tj ET Q
q 0 0 0 rg BT 519.94 741.75 Td (incentives ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.29 729.15 Td (connection ) Tj ET Q
q 0 0 0 rg BT 108.98 729.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 130.28 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.73 729.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 163.03 729.15 Td (ger) Tj ET Q
q 0 0 0 rg BT 176.02 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 181.27 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 192.64 729.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 223.84 729.15 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 266.71 729.15 Td (below) Tj ET Q
q 0 0 0 rg BT 291.69 729.15 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (Financing ) Tj ET Q
q 0 0 0 rg BT 96.86 703.95 Td (T) Tj ET Q
q 0 0 0 rg BT 103.09 703.95 Td (ransactions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 691.35 Td (table ) Tj ET Q
q 0 0 0 rg BT 91.48 691.35 Td (below ) Tj ET Q
q 0 0 0 rg BT 119.77 691.35 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 153.29 691.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 169.91 691.35 Td (primary ) Tj ET Q
q 0 0 0 rg BT 205.77 691.35 Td (sources ) Tj ET Q
q 0 0 0 rg BT 239.89 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 251.26 691.35 Td (financing ) Tj ET Q
q 0 0 0 rg BT 293.54 691.35 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 307.83 691.35 Td (thousands\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
297 652.85 m
353 652.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 652.85 m
357 652.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
357 652.85 m
410 652.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 637.85 m
293 637.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
297 637.85 m
353 637.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
357 652.85 m
410 652.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
357 637.85 m
410 637.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414 637.85 m
492 637.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 637.85 m
563 637.85 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.70 669.12 Td (Amount Outstanding at) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.40 657.62 Td (March�31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 642.62 Td (T) Tj ET Q
q 0 0 0 rg BT 58.55 642.62 Td (ype) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 314.00 642.64 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.50 642.62 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.80 642.62 Td (Interest Rate) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 510.60 642.62 Td (Maturity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 627.62 Td (3.95% Senior Notes due July 2024) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 299.50 627.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 314.85 627.64 Td (250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 359.50 627.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.85 627.62 Td (250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 438.90 627.62 Td (3.95%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 508.40 627.62 Td (July 2024) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 612.62 Td (4.75% Senior Notes due March 2026) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 314.85 612.64 Td (450,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.85 612.62 Td (450,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 438.90 612.62 Td (4.75%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 503.45 612.62 Td (March 2026) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 597.62 Td (5.625% Senior Notes due January 2044) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 314.85 597.64 Td (550,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.85 597.62 Td (550,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.30 597.62 Td (5.625%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.85 597.62 Td (January 2044) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 582.62 Td (6.375% Junior Subordinated Notes due March 2056) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 314.85 583.24 Td (250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.85 583.07 Td (250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.30 583.07 Td (6.375%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 503.45 583.07 Td (March 2056) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 568.07 Td (5.45% Junior Subordinated Notes due September 2056) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 314.85 568.24 Td (500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.85 568.07 Td (500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 438.90 568.07 Td (5.45%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.50 568.07 Td (September) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.50 557.57 Td (2056) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 541.62 Td (2.7% Senior Notes due July 2019) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 338.50 541.64 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.85 541.62 Td (250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 438.90 541.62 Td (2.70%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 508.40 541.62 Td (July 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 527.07 Td (Revolving credit agreement) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 169.13 531.83 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 338.50 527.24 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.50 527.07 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 423.90 527.07 Td (Eurocurrency) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.45 516.57 Td (Rate�+�1.25% +) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.00 506.07 Td (0.175% annual) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.20 495.57 Td (commitment fee) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 507.40 527.07 Td (December) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.50 516.57 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 480.15 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 61.75 480.15 Td ($500,000 ) Tj ET Q
q 0 0 0 rg BT 95.97 480.15 Td (available ) Tj ET Q
q 0 0 0 rg BT 128.99 480.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 138.42 480.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.84 480.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 172.37 480.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 185.34 480.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 206.81 480.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 233.23 480.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 242.19 480.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.92 480.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 276.14 480.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.57 480.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.30 480.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 312.31 480.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 324.99 480.15 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 367.22 480.15 Td (however ) Tj ET Q
q 0 0 0 rg BT 398.82 480.15 Td ($250 ) Tj ET Q
q 0 0 0 rg BT 418.17 480.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 445.07 480.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 454.50 480.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 469.12 480.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 496.96 480.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 512.52 480.15 Td (drawn ) Tj ET Q
q 0 0 0 rg BT 536.11 480.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 544.55 480.15 Td (April ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.00 469.95 Td (2020.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 444.75 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 98.21 444.75 Td (Debt) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 432.15 Td (On ) Tj ET Q
q 0 0 0 rg BT 64.96 432.15 Td (July ) Tj ET Q
q 0 0 0 rg BT 85.09 432.15 Td (15, ) Tj ET Q
q 0 0 0 rg BT 100.84 432.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 127.09 432.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 141.96 432.15 Td (repaid ) Tj ET Q
q 0 0 0 rg BT 170.82 432.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.27 432.15 Td ($250 ) Tj ET Q
q 0 0 0 rg BT 209.89 432.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 242.86 432.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.23 432.15 Td (2.7% ) Tj ET Q
q 0 0 0 rg BT 278.72 432.15 Td (Senior ) Tj ET Q
q 0 0 0 rg BT 308.76 432.15 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 335.89 432.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 353.67 432.15 Td (July ) Tj ET Q
q 0 0 0 rg BT 373.80 432.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 400.05 432.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 425.43 432.15 Td (existing ) Tj ET Q
q 0 0 0 rg BT 461.30 432.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 482.59 432.15 Td (resources. ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 406.95 Td (Revolving ) Tj ET Q
q 0 0 0 rg BT 95.29 406.95 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 124.36 406.95 Td (Agreement) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 394.35 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 394.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.30 394.35 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 104.12 394.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 116.10 394.35 Td (unsecured ) Tj ET Q
q 0 0 0 rg BT 160.74 394.35 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 188.60 394.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 237.32 394.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 265.05 394.35 Td (provides ) Tj ET Q
q 0 0 0 rg BT 303.29 394.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 317.60 394.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 324.34 394.35 Td ($500 ) Tj ET Q
q 0 0 0 rg BT 347.41 394.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 379.82 394.35 Td (multi-currency ) Tj ET Q
q 0 0 0 rg BT 444.28 394.35 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 486.60 394.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 512.57 394.35 Td (facility) Tj ET Q
q 0 0 0 rg BT 541.63 394.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 546.18 394.35 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 381.75 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 93.25 381.75 Td (credit ) Tj ET Q
q 0 0 0 rg BT 120.65 381.75 Td (facility ) Tj ET Q
q 0 0 0 rg BT 153.90 381.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 175.48 381.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 188.89 381.75 Td (increased ) Tj ET Q
q 0 0 0 rg BT 232.04 381.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 246.05 381.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 259.46 381.75 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 303.77 381.75 Td (amount ) Tj ET Q
q 0 0 0 rg BT 338.77 381.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 351.02 381.75 Td (up ) Tj ET Q
q 0 0 0 rg BT 365.03 381.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 376.70 381.75 Td ($500 ) Tj ET Q
q 0 0 0 rg BT 401.20 381.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 437.67 381.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 449.34 381.75 Td ($1.0 ) Tj ET Q
q 0 0 0 rg BT 471.22 381.75 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 504.77 381.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 538.02 381.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.69 381.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 369.15 Td (approval ) Tj ET Q
q 0 0 0 rg BT 88.58 369.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 99.68 369.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.85 369.15 Td (lenders, ) Tj ET Q
q 0 0 0 rg BT 150.15 369.15 Td (expires ) Tj ET Q
q 0 0 0 rg BT 182.82 369.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 193.33 369.15 Td (December ) Tj ET Q
q 0 0 0 rg BT 238.82 369.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 264.80 369.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 282.30 369.15 Td (can ) Tj ET Q
q 0 0 0 rg BT 299.22 369.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 311.48 369.15 Td (repaid ) Tj ET Q
q 0 0 0 rg BT 340.07 369.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 349.99 369.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 367.50 369.15 Td (time. ) Tj ET Q
q 0 0 0 rg BT 391.14 369.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 393.32 369.15 Td (This ) Tj ET Q
q 0 0 0 rg BT 414.33 369.15 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 456.92 369.15 Td (credit ) Tj ET Q
q 0 0 0 rg BT 483.17 369.15 Td (facility ) Tj ET Q
q 0 0 0 rg BT 515.26 369.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 524.61 369.15 Td (available ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 356.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.21 356.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 82.00 356.55 Td (working ) Tj ET Q
q 0 0 0 rg BT 119.54 356.55 Td (capital ) Tj ET Q
q 0 0 0 rg BT 150.07 356.55 Td (needs ) Tj ET Q
q 0 0 0 rg BT 176.53 356.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 194.23 356.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 209.02 356.55 Td (general ) Tj ET Q
q 0 0 0 rg BT 242.46 356.55 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 284.65 356.55 Td (purposes. ) Tj ET Q
q 0 0 0 rg BT 327.15 356.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 329.51 356.55 Td (There ) Tj ET Q
q 0 0 0 rg BT 356.53 356.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 379.48 356.55 Td (no ) Tj ET Q
q 0 0 0 rg BT 392.52 356.55 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 442.90 356.55 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 494.44 356.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 520.89 356.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 536.26 356.55 Td (Credit ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 343.95 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 99.08 343.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 110.76 343.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 122.44 343.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 152.78 343.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 168.84 343.95 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 195.40 343.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 198.33 343.95 Td (Under ) Tj ET Q
q 0 0 0 rg BT 227.51 343.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 243.27 343.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 269.53 343.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 281.21 343.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.98 343.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 314.28 343.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 329.97 343.95 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 382.18 343.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 397.36 343.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 418.37 343.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 434.72 343.95 Td (borrow ) Tj ET Q
q 0 0 0 rg BT 467.98 343.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 492.49 343.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 513.50 343.95 Td ($30 ) Tj ET Q
q 0 0 0 rg BT 532.19 343.95 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 331.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 76.77 331.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.95 331.35 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 136.55 331.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 163.81 331.35 Td (facility ) Tj ET Q
q 0 0 0 rg BT 196.91 331.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 215.43 331.35 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 266.62 331.35 Td (must ) Tj ET Q
q 0 0 0 rg BT 290.40 331.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 303.67 331.35 Td (made ) Tj ET Q
q 0 0 0 rg BT 329.76 331.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 341.29 331.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.48 331.35 Td (ordinary ) Tj ET Q
q 0 0 0 rg BT 396.41 331.35 Td (course ) Tj ET Q
q 0 0 0 rg BT 427.17 331.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.27 331.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 478.22 331.35 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 523.57 331.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 545.60 331.35 Td (past ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 318.75 Td (practice. ) Tj ET Q
q 0 0 0 rg BT 88.23 318.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 90.47 318.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 105.02 318.75 Td (previously ) Tj ET Q
q 0 0 0 rg BT 152.23 318.75 Td (discussed, ) Tj ET Q
q 0 0 0 rg BT 197.98 318.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 219.53 318.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 235.24 318.75 Td (approval ) Tj ET Q
q 0 0 0 rg BT 274.86 318.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 286.48 318.75 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 324.74 318.75 Td (T) Tj ET Q
q 0 0 0 rg BT 330.42 318.75 Td (empleton, ) Tj ET Q
q 0 0 0 rg BT 375.00 318.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 387.74 318.75 Td (April ) Tj ET Q
q 0 0 0 rg BT 412.78 318.75 Td (3, ) Tj ET Q
q 0 0 0 rg BT 423.54 318.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 450.04 318.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 465.17 318.75 Td (borrowed ) Tj ET Q
q 0 0 0 rg BT 508.28 318.75 Td ($250 ) Tj ET Q
q 0 0 0 rg BT 532.16 318.75 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 306.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 76.03 306.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 91.49 306.15 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 119.78 306.15 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 169.05 306.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 179.84 306.15 Td (provide ) Tj ET Q
q 0 0 0 rg BT 214.54 306.15 Td (additional ) Tj ET Q
q 0 0 0 rg BT 259.16 306.15 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 297.37 306.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 308.74 306.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 316.03 306.15 Td (precaution. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 280.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.69 280.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 106.28 280.95 Td (covenants ) Tj ET Q
q 0 0 0 rg BT 150.13 280.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 175.90 280.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 190.59 280.95 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 218.29 280.95 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 266.79 280.95 Td (include: ) Tj ET Q
q 0 0 0 rg BT 302.48 280.95 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 346.92 280.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 361.61 280.95 Td (debt ) Tj ET Q
q 0 0 0 rg BT 381.55 280.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 391.58 280.95 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 429.50 280.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 431.36 280.95 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 452.47 280.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 463.07 280.95 Td (3.0 ) Tj ET Q
q 0 0 0 rg BT 478.06 280.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 488.09 280.95 Td (1; ) Tj ET Q
q 0 0 0 rg BT 498.12 280.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 515.14 280.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 521.67 280.95 Td (minimum ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 268.35 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 87.41 268.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 89.64 268.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 100.03 268.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 133.16 268.35 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 154.63 268.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.60 268.35 Td (4.0 ) Tj ET Q
q 0 0 0 rg BT 180.95 268.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 191.35 268.35 Td (1. ) Tj ET Q
q 0 0 0 rg BT 201.45 268.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 203.67 268.35 Td (Debt ) Tj ET Q
q 0 0 0 rg BT 226.31 268.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 235.54 268.35 Td (defined ) Tj ET Q
q 0 0 0 rg BT 269.25 268.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 279.64 268.35 Td (include ) Tj ET Q
q 0 0 0 rg BT 312.77 268.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 325.49 268.35 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 374.38 268.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 388.85 268.35 Td (borrowed ) Tj ET Q
q 0 0 0 rg BT 431.31 268.35 Td (money) Tj ET Q
q 0 0 0 rg BT 459.21 268.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 464.06 268.35 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 507.69 268.35 Td (non-recourse ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 255.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 69.93 255.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 81.03 255.75 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 105.55 255.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.06 255.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 153.40 255.75 Td (leases. ) Tj ET Q
q 0 0 0 rg BT 183.45 255.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 185.80 255.75 Td (Under ) Tj ET Q
q 0 0 0 rg BT 214.39 255.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 238.32 255.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 253.50 255.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 273.93 255.75 Td (covenants, ) Tj ET Q
q 0 0 0 rg BT 320.89 255.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 337.24 255.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 357.67 255.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 367.03 255.75 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 402.61 255.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 415.46 255.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 430.64 255.75 Td (amount ) Tj ET Q
q 0 0 0 rg BT 464.49 255.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 475.59 255.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 491.94 255.75 Td (unrestricted ) Tj ET Q
q 0 0 0 rg BT 543.85 255.75 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 243.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.06 243.15 Td (excess ) Tj ET Q
q 0 0 0 rg BT 89.85 243.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 100.99 243.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 116.20 243.15 Td (greater ) Tj ET Q
q 0 0 0 rg BT 147.74 243.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 158.87 243.15 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 204.43 243.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 225.47 243.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 236.61 243.15 Td ($300 ) Tj ET Q
q 0 0 0 rg BT 260.00 243.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 295.35 243.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 308.24 243.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 323.46 243.15 Td (lesser ) Tj ET Q
q 0 0 0 rg BT 349.75 243.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.89 243.15 Td (50% ) Tj ET Q
q 0 0 0 rg BT 382.52 243.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 393.66 243.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.88 243.15 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 452.07 243.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 485.96 243.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 497.09 243.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 513.48 243.15 Td (seed ) Tj ET Q
q 0 0 0 rg BT 534.53 243.15 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 230.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 101.40 230.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 111.89 230.55 Td ($125 ) Tj ET Q
q 0 0 0 rg BT 134.63 230.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 169.33 230.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 186.23 230.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 197.87 230.55 Td (amount ) Tj ET Q
q 0 0 0 rg BT 231.11 230.55 Td (equal ) Tj ET Q
q 0 0 0 rg BT 255.58 230.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 265.49 230.55 Td (50% ) Tj ET Q
q 0 0 0 rg BT 286.48 230.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 296.96 230.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 312.70 230.55 Td (hybrid ) Tj ET Q
q 0 0 0 rg BT 341.85 230.55 Td (capital ) Tj ET Q
q 0 0 0 rg BT 371.57 230.55 Td (securities. ) Tj ET Q
q 0 0 0 rg BT 415.59 230.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 417.33 230.55 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 455.24 230.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 456.98 230.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 465.72 230.55 Td (defined ) Tj ET Q
q 0 0 0 rg BT 498.94 230.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 509.43 230.55 Td (consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 217.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 67.14 217.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 102.85 217.95 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 131.00 217.95 Td (plus/minus ) Tj ET Q
q 0 0 0 rg BT 181.90 217.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 199.53 217.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 238.16 217.95 Td (\(benefit\), ) Tj ET Q
q 0 0 0 rg BT 281.74 217.95 Td (interest ) Tj ET Q
q 0 0 0 rg BT 317.46 217.95 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 358.71 217.95 Td (depreciation ) Tj ET Q
q 0 0 0 rg BT 415.41 217.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 435.38 217.95 Td (amortization, ) Tj ET Q
q 0 0 0 rg BT 495.88 217.95 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 553.76 217.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 205.35 Td (intangibles, ) Tj ET Q
q 0 0 0 rg BT 100.35 205.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 117.67 205.35 Td (extraordinary ) Tj ET Q
q 0 0 0 rg BT 176.38 205.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 212.35 205.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 223.24 205.35 Td (losses, ) Tj ET Q
q 0 0 0 rg BT 253.11 205.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 270.42 205.35 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 310.48 205.35 Td (char) Tj ET Q
q 0 0 0 rg BT 328.36 205.35 Td (ges, ) Tj ET Q
q 0 0 0 rg BT 347.13 205.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 364.44 205.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 395.16 205.35 Td (transition-related ) Tj ET Q
q 0 0 0 rg BT 469.03 205.35 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 494.81 205.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 505.71 205.35 Td (defined ) Tj ET Q
q 0 0 0 rg BT 539.35 205.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.67 205.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 192.75 Td (agreements. ) Tj ET Q
q 0 0 0 rg BT 102.72 192.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 104.88 192.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 119.34 192.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.86 192.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 161.05 192.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 176.96 192.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 203.36 192.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 220.14 192.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 235.75 192.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 256.61 192.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 267.56 192.75 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 305.47 192.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 308.25 192.75 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 330.28 192.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 349.39 192.75 Td (1.9 ) Tj ET Q
q 0 0 0 rg BT 365.29 192.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 376.24 192.75 Td (1 ) Tj ET Q
q 0 0 0 rg BT 384.27 192.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 402.22 192.75 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 440.13 192.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 442.91 192.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 453.86 192.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 487.55 192.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 524.15 192.75 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 546.17 192.75 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 180.15 Td (6.1 ) Tj ET Q
q 0 0 0 rg BT 65.59 180.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 76.73 180.15 Td (1, ) Tj ET Q
q 0 0 0 rg BT 87.57 180.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 105.70 180.15 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 149.19 180.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 164.40 180.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 187.19 180.15 Td (maintained ) Tj ET Q
q 0 0 0 rg BT 236.81 180.15 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 288.17 180.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 309.81 180.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.61 180.15 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 371.72 180.15 Td (covenants. ) Tj ET Q
q 0 0 0 rg BT 419.30 180.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 421.61 180.15 Td (After ) Tj ET Q
q 0 0 0 rg BT 446.74 180.15 Td (giving ) Tj ET Q
q 0 0 0 rg BT 476.54 180.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 484.51 180.15 Td (fect ) Tj ET Q
q 0 0 0 rg BT 503.21 180.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 514.35 180.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.49 180.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 554.62 180.15 Td (3, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 167.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 72.54 167.55 Td (drawdown ) Tj ET Q
q 0 0 0 rg BT 118.90 167.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 144.85 167.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.71 167.55 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 187.55 167.55 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 238.86 167.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 254.90 167.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 269.76 167.55 Td (debt ) Tj ET Q
q 0 0 0 rg BT 289.88 167.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 300.09 167.55 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 338.00 167.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 340.04 167.55 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 361.32 167.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 379.69 167.55 Td (2.2 ) Tj ET Q
q 0 0 0 rg BT 394.85 167.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 405.06 167.55 Td (1 ) Tj ET Q
q 0 0 0 rg BT 412.35 167.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 429.55 167.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 445.59 167.55 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 483.50 167.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 485.54 167.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 495.75 167.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 528.69 167.55 Td (expense ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 154.95 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 71.37 154.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 90.32 154.95 Td (5.7 ) Tj ET Q
q 0 0 0 rg BT 106.07 154.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 116.86 154.95 Td (1.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 129.75 Td (If ) Tj ET Q
q 0 0 0 rg BT 58.85 129.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 75.20 129.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 90.38 129.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 123.64 129.75 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 178.48 129.75 Td (declines, ) Tj ET Q
q 0 0 0 rg BT 217.87 129.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 228.97 129.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 237.73 129.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 252.33 129.75 Td (spend ) Tj ET Q
q 0 0 0 rg BT 279.18 129.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 295.53 129.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 335.78 129.75 Td (cash, ) Tj ET Q
q 0 0 0 rg BT 359.42 129.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 367.60 129.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 388.04 129.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 418.96 129.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 435.31 129.75 Td (ability ) Tj ET Q
q 0 0 0 rg BT 464.50 129.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 475.02 129.75 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 514.11 129.75 Td (compliance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 117.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 70.96 117.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 86.59 117.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 126.11 117.15 Td (covenants ) Tj ET Q
q 0 0 0 rg BT 170.89 117.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 197.60 117.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 214.39 117.15 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 242.81 117.15 Td (Agreement. ) Tj ET Q
q 0 0 0 rg BT 294.88 117.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 297.68 117.15 Td (If ) Tj ET Q
q 0 0 0 rg BT 307.46 117.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 322.50 117.15 Td (determine ) Tj ET Q
q 0 0 0 rg BT 367.28 117.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 385.82 117.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 402.61 117.15 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 453.80 117.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 475.27 117.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 499.64 117.15 Td (covenants ) Tj ET Q
q 0 0 0 rg BT 544.42 117.15 Td (may ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 104.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 62.06 104.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 88.62 104.55 Td (pressure ) Tj ET Q
q 0 0 0 rg BT 126.26 104.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 136.49 104.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 143.80 104.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 165.12 104.55 Td (when ) Tj ET Q
q 0 0 0 rg BT 190.51 104.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 205.41 104.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 227.88 104.55 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 279.53 104.55 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 330.02 104.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 356.57 104.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 374.40 104.55 Td (facility) Tj ET Q
q 0 0 0 rg BT 403.45 104.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 408.73 104.55 Td (want ) Tj ET Q
q 0 0 0 rg BT 431.79 104.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 442.61 104.55 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 471.51 104.55 Td (available ) Tj ET Q
q 0 0 0 rg BT 512.05 104.55 Td (borrowings, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 91.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 61.58 91.95 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 105.74 91.95 Td (desire ) Tj ET Q
q 0 0 0 rg BT 134.14 91.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 145.64 91.95 Td (keep ) Tj ET Q
q 0 0 0 rg BT 168.80 91.95 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 219.96 91.95 Td (available, ) Tj ET Q
q 0 0 0 rg BT 263.82 91.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 296.89 91.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 308.40 91.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.56 91.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 351.22 91.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 363.30 91.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.46 91.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 396.77 91.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 412.77 91.95 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 465.38 91.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 480.96 91.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 502.37 91.95 Td (elect ) Tj ET Q
q 0 0 0 rg BT 525.52 91.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 537.02 91.95 Td (take ) Tj ET Q
q 0 0 0 rg BT 557.84 91.95 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 79.35 Td (number ) Tj ET Q
q 0 0 0 rg BT 84.02 79.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 95.21 79.35 Td (actions, ) Tj ET Q
q 0 0 0 rg BT 130.01 79.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 172.12 79.35 Td (reducing ) Tj ET Q
q 0 0 0 rg BT 211.30 79.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 227.74 79.35 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 268.08 79.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 278.69 79.35 Td (order ) Tj ET Q
q 0 0 0 rg BT 303.29 79.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 313.90 79.35 Td (increase ) Tj ET Q
q 0 0 0 rg BT 350.73 79.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 367.17 79.35 Td (EBITDA, ) Tj ET Q
q 0 0 0 rg BT 410.73 79.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 435.93 79.35 Td (available ) Tj ET Q
q 0 0 0 rg BT 476.26 79.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 497.36 79.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 507.97 79.35 Td (repay ) Tj ET Q
q 0 0 0 rg BT 533.73 79.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 546.67 79.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 557.86 79.35 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 66.75 Td (portion ) Tj ET Q
q 0 0 0 rg BT 81.93 66.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 92.77 66.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 108.87 66.75 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 159.96 66.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 180.14 66.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 190.98 66.75 Td (seeking ) Tj ET Q
q 0 0 0 rg BT 225.15 66.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 235.42 66.75 Td (negotiate ) Tj ET Q
q 0 0 0 rg BT 276.00 66.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 296.77 66.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 312.86 66.75 Td (lenders ) Tj ET Q
q 0 0 0 rg BT 345.28 66.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 355.54 66.75 Td (modify ) Tj ET Q
q 0 0 0 rg BT 387.97 66.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.90 66.75 Td (terms ) Tj ET Q
q 0 0 0 rg BT 428.32 66.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 439.17 66.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 449.43 66.75 Td (restructure ) Tj ET Q
q 0 0 0 rg BT 496.42 66.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 512.52 66.75 Td (debt. ) Tj ET Q
q 0 0 0 rg BT 535.32 66.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 537.41 66.75 Td (Using ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 54.15 Td (available ) Tj ET Q
q 0 0 0 rg BT 89.08 54.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 109.42 54.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 119.28 54.15 Td (repay ) Tj ET Q
q 0 0 0 rg BT 144.28 54.15 Td (indebtedness ) Tj ET Q
q 0 0 0 rg BT 200.21 54.15 Td (would ) Tj ET Q
q 0 0 0 rg BT 228.14 54.15 Td (make ) Tj ET Q
q 0 0 0 rg BT 252.57 54.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.08 54.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 287.42 54.15 Td (unavailable ) Tj ET Q
q 0 0 0 rg BT 337.50 54.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 351.43 54.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 374.69 54.15 Td (uses ) Tj ET Q
q 0 0 0 rg BT 394.46 54.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 411.31 54.15 Td (might ) Tj ET Q
q 0 0 0 rg BT 437.50 54.15 Td (af) Tj ET Q
q 0 0 0 rg BT 445.46 54.15 Td (fect ) Tj ET Q
q 0 0 0 rg BT 462.88 54.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 477.40 54.15 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 514.67 54.15 Td (discussions ) Tj ET Q
endstream
endobj
131 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 132 0 R>>
endobj
132 0 obj
<</Length 31150>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (63) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.81 741.75 Td (conclusions. ) Tj ET Q
q 0 0 0 rg BT 121.17 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 123.32 741.75 Td (Entering ) Tj ET Q
q 0 0 0 rg BT 161.63 741.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 180.12 741.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 197.44 741.75 Td (modification ) Tj ET Q
q 0 0 0 rg BT 253.25 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 264.15 741.75 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 319.95 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 330.85 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 347.00 741.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 367.23 741.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 395.63 741.75 Td (likely ) Tj ET Q
q 0 0 0 rg BT 421.70 741.75 Td (result ) Tj ET Q
q 0 0 0 rg BT 447.18 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 457.50 741.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 501.65 741.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 520.70 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 531.60 741.75 Td (interest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (payments.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 706.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.05 706.55 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 96.03 706.55 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 144.89 706.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 154.12 706.55 Td (currently ) Tj ET Q
q 0 0 0 rg BT 194.24 706.55 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 234.94 706.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 247.66 706.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.71 706.55 Td (ratings ) Tj ET Q
q 0 0 0 rg BT 293.51 706.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 304.47 706.55 Td (two ) Tj ET Q
q 0 0 0 rg BT 322.45 706.55 Td (rating ) Tj ET Q
q 0 0 0 rg BT 349.16 706.55 Td (agencies. ) Tj ET Q
q 0 0 0 rg BT 390.15 706.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 392.21 706.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 410.75 706.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 443.88 706.55 Td (rate ) Tj ET Q
q 0 0 0 rg BT 461.84 706.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 479.22 706.55 Td (annual ) Tj ET Q
q 0 0 0 rg BT 509.43 706.55 Td (commitment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 693.95 Td (fee ) Tj ET Q
q 0 0 0 rg BT 64.92 693.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 78.03 693.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 94.63 693.95 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 137.47 693.95 Td (line ) Tj ET Q
q 0 0 0 rg BT 155.82 693.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.18 693.95 Td (credit ) Tj ET Q
q 0 0 0 rg BT 193.68 693.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 209.11 693.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 235.62 693.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 248.72 693.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 264.15 693.95 Td (higher ) Tj ET Q
q 0 0 0 rg BT 293.58 693.95 Td (credit ) Tj ET Q
q 0 0 0 rg BT 320.09 693.95 Td (rating ) Tj ET Q
q 0 0 0 rg BT 347.19 693.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 358.54 693.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 373.97 693.95 Td (two ) Tj ET Q
q 0 0 0 rg BT 392.33 693.95 Td (rating ) Tj ET Q
q 0 0 0 rg BT 419.42 693.95 Td (agencies. ) Tj ET Q
q 0 0 0 rg BT 460.80 693.95 Td (One ) Tj ET Q
q 0 0 0 rg BT 480.90 693.95 Td (rating ) Tj ET Q
q 0 0 0 rg BT 507.99 693.95 Td (agency ) Tj ET Q
q 0 0 0 rg BT 540.33 693.95 Td (gives ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 681.35 Td (us ) Tj ET Q
q 0 0 0 rg BT 61.61 681.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 69.04 681.35 Td (lower ) Tj ET Q
q 0 0 0 rg BT 95.71 681.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 122.39 681.35 Td (rating ) Tj ET Q
q 0 0 0 rg BT 149.65 681.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 170.50 681.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.10 681.35 Td (other) Tj ET Q
q 0 0 0 rg BT 207.09 681.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 212.49 681.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 215.26 681.35 Td (Should ) Tj ET Q
q 0 0 0 rg BT 247.78 681.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.38 681.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 287.73 681.35 Td (agency ) Tj ET Q
q 0 0 0 rg BT 320.23 681.35 Td (downgrade ) Tj ET Q
q 0 0 0 rg BT 369.65 681.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 386.42 681.35 Td (rating, ) Tj ET Q
q 0 0 0 rg BT 416.30 681.35 Td (absent ) Tj ET Q
q 0 0 0 rg BT 445.90 681.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 458.58 681.35 Td (upgrade ) Tj ET Q
q 0 0 0 rg BT 495.17 681.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 518.35 681.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.95 681.35 Td (former ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 668.75 Td (agency) Tj ET Q
q 0 0 0 rg BT 78.55 668.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 83.80 668.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.59 668.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 110.63 668.75 Td (there ) Tj ET Q
q 0 0 0 rg BT 134.24 668.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 149.68 668.75 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 200.13 668.75 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 251.76 668.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 278.29 668.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 293.74 668.75 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 336.61 668.75 Td (credit ) Tj ET Q
q 0 0 0 rg BT 363.14 668.75 Td (facility) Tj ET Q
q 0 0 0 rg BT 392.19 668.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 397.44 668.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 414.07 668.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 447.60 668.75 Td (costs ) Tj ET Q
q 0 0 0 rg BT 471.22 668.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 490.18 668.75 Td (rise ) Tj ET Q
q 0 0 0 rg BT 507.97 668.75 Td (modestly) Tj ET Q
q 0 0 0 rg BT 545.79 668.75 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 643.55 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 630.95 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 82.34 630.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.01 630.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 108.94 630.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 131.28 630.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 186.85 630.95 Td (af) Tj ET Q
q 0 0 0 rg BT 194.82 630.95 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 225.32 630.95 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 263.99 630.95 Td (various ) Tj ET Q
q 0 0 0 rg BT 296.83 630.95 Td (credit ) Tj ET Q
q 0 0 0 rg BT 322.67 630.95 Td (facilities ) Tj ET Q
q 0 0 0 rg BT 360.75 630.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 374.92 630.95 Td (general ) Tj ET Q
q 0 0 0 rg BT 407.75 630.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 449.33 630.95 Td (purposes. ) Tj ET Q
q 0 0 0 rg BT 491.21 630.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 493.14 630.95 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 525.98 630.95 Td (af) Tj ET Q
q 0 0 0 rg BT 533.94 630.95 Td (filiates ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 618.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.04 618.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 95.51 618.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 105.41 618.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.96 618.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 149.67 618.35 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 206.21 618.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.69 618.35 Td (various ) Tj ET Q
q 0 0 0 rg BT 249.32 618.35 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 294.20 618.35 Td (agencies. ) Tj ET Q
q 0 0 0 rg BT 334.70 618.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 336.04 618.35 Td (All ) Tj ET Q
q 0 0 0 rg BT 351.19 618.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 372.16 618.35 Td (af) Tj ET Q
q 0 0 0 rg BT 380.13 618.35 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 410.43 618.35 Td (met ) Tj ET Q
q 0 0 0 rg BT 427.90 618.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 448.87 618.35 Td (respective ) Tj ET Q
q 0 0 0 rg BT 493.16 618.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 522.87 618.35 Td (adequacy ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 605.75 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 106.94 605.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 136.98 605.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.43 605.75 Td (periods ) Tj ET Q
q 0 0 0 rg BT 185.97 605.75 Td (presented.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 580.55 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 580.55 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.32 580.55 Td (6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.57 580.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.20 580.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.57 580.55 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 136.69 580.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 147.48 580.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 205.52 580.55 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 247.22 580.55 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 295.92 580.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 310.79 580.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 355.41 580.55 Td (information ) Tj ET Q
q 0 0 0 rg BT 407.61 580.55 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 450.46 580.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 467.09 580.55 Td (debt.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 555.35 Td (Other) Tj ET Q
q 0 0 0 rg BT 76.14 555.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 78.57 555.35 Td (T) Tj ET Q
q 0 0 0 rg BT 84.79 555.35 Td (ransactions) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 530.15 Td (Acquisitions ) Tj ET Q
q 0 0 0 rg BT 105.81 530.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 124.78 530.15 Td (Contingent ) Tj ET Q
q 0 0 0 rg BT 175.84 530.15 Td (Consideration) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 517.55 Td (On ) Tj ET Q
q 0 0 0 rg BT 64.39 517.55 Td (April ) Tj ET Q
q 0 0 0 rg BT 89.19 517.55 Td (10, ) Tj ET Q
q 0 0 0 rg BT 104.95 517.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 131.21 517.55 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 165.34 517.55 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 202.39 517.55 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 241.17 517.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 248.47 517.55 Td (majority ) Tj ET Q
q 0 0 0 rg BT 286.68 517.55 Td (stake ) Tj ET Q
q 0 0 0 rg BT 310.90 517.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 321.70 517.55 Td (Gramercy) Tj ET Q
q 0 0 0 rg BT 362.99 517.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 368.26 517.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 375.55 517.55 Td (European ) Tj ET Q
q 0 0 0 rg BT 418.42 517.55 Td (real ) Tj ET Q
q 0 0 0 rg BT 436.79 517.55 Td (estate ) Tj ET Q
q 0 0 0 rg BT 463.33 517.55 Td (business ) Tj ET Q
q 0 0 0 rg BT 501.56 517.55 Td (specializing ) Tj ET Q
q 0 0 0 rg BT 554.34 517.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 504.95 Td (pan-European ) Tj ET Q
q 0 0 0 rg BT 110.90 504.95 Td (logistics ) Tj ET Q
q 0 0 0 rg BT 148.41 504.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 166.08 504.95 Td (industrial ) Tj ET Q
q 0 0 0 rg BT 208.26 504.95 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 237.89 504.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 240.22 504.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 259.05 504.95 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 307.63 504.95 Td (required ) Tj ET Q
q 0 0 0 rg BT 345.12 504.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 357.54 504.95 Td (initial ) Tj ET Q
q 0 0 0 rg BT 384.55 504.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 405.72 504.95 Td (payment ) Tj ET Q
q 0 0 0 rg BT 444.38 504.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.64 504.95 Td ($10.2 ) Tj ET Q
q 0 0 0 rg BT 481.77 504.95 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 512.11 504.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 517.25 504.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 532.58 504.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 543.84 504.95 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 492.35 Td (acquired, ) Tj ET Q
q 0 0 0 rg BT 90.42 492.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 118.22 492.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 136.70 492.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 156.92 492.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 181.82 492.35 Td (existing ) Tj ET Q
q 0 0 0 rg BT 217.22 492.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 238.02 492.35 Td (resources, ) Tj ET Q
q 0 0 0 rg BT 282.44 492.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 299.74 492.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 306.55 492.35 Td (potential ) Tj ET Q
q 0 0 0 rg BT 345.44 492.35 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 391.91 492.35 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 450.62 492.35 Td (payment, ) Tj ET Q
q 0 0 0 rg BT 491.55 492.35 Td (further ) Tj ET Q
q 0 0 0 rg BT 522.26 492.35 Td (discussed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 479.75 Td (below) Tj ET Q
q 0 0 0 rg BT 74.48 479.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 454.55 Td (On ) Tj ET Q
q 0 0 0 rg BT 65.00 454.55 Td (May ) Tj ET Q
q 0 0 0 rg BT 86.92 454.55 Td (2, ) Tj ET Q
q 0 0 0 rg BT 97.47 454.55 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 123.77 454.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 138.68 454.55 Td (closed ) Tj ET Q
q 0 0 0 rg BT 168.18 454.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.68 454.55 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 232.42 454.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 243.25 454.55 Td (combine ) Tj ET Q
q 0 0 0 rg BT 282.08 454.55 Td (Permal ) Tj ET Q
q 0 0 0 rg BT 314.50 454.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.33 454.55 Td (EnT) Tj ET Q
q 0 0 0 rg BT 350.04 454.55 Td (rust, ) Tj ET Q
q 0 0 0 rg BT 371.08 454.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 381.92 454.55 Td (create ) Tj ET Q
q 0 0 0 rg BT 409.65 454.55 Td (EnT) Tj ET Q
q 0 0 0 rg BT 427.36 454.55 Td (rustPermal ) Tj ET Q
q 0 0 0 rg BT 475.52 454.55 Td (\(which ) Tj ET Q
q 0 0 0 rg BT 507.35 454.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 526.35 454.55 Td (renamed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 441.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 67.21 441.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 85.42 441.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 116.45 441.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 127.07 441.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 156.93 441.95 Td (2019\), ) Tj ET Q
q 0 0 0 rg BT 186.51 441.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.71 441.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 225.83 441.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 240.53 441.95 Td (own ) Tj ET Q
q 0 0 0 rg BT 261.07 441.95 Td (65%. ) Tj ET Q
q 0 0 0 rg BT 285.40 441.95 Td (In ) Tj ET Q
q 0 0 0 rg BT 296.60 441.95 Td (connection ) Tj ET Q
q 0 0 0 rg BT 345.12 441.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 366.25 441.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 381.53 441.95 Td (combination, ) Tj ET Q
q 0 0 0 rg BT 439.10 441.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 453.80 441.95 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 491.24 441.95 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 547.35 441.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 429.35 Td (transition-related ) Tj ET Q
q 0 0 0 rg BT 123.29 429.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 146.35 429.35 Td (totaling ) Tj ET Q
q 0 0 0 rg BT 180.50 429.35 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 243.21 429.35 Td ($94 ) Tj ET Q
q 0 0 0 rg BT 261.03 429.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 293.43 429.35 Td (through ) Tj ET Q
q 0 0 0 rg BT 328.16 429.35 Td (completion ) Tj ET Q
q 0 0 0 rg BT 377.47 429.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 388.28 429.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.17 429.35 Td (plan ) Tj ET Q
q 0 0 0 rg BT 423.31 429.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 433.55 429.35 Td (June ) Tj ET Q
q 0 0 0 rg BT 454.86 429.35 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 480.55 429.35 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 543.26 429.35 Td (15% ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 416.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 416.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 89.16 416.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 112.18 416.75 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 152.71 416.75 Td (char) Tj ET Q
q 0 0 0 rg BT 170.59 416.75 Td (ges.) Tj ET Q
BT /F5 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 390.150341796875 m
158.880859375 390.150341796875 l
s
q 0 0 0 rg BT 49.50 391.55 Td (Contingent ) Tj ET Q
q 0 0 0 rg BT 98.79 391.55 Td (Consideration) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 378.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.60 378.95 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 100.87 378.95 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 137.05 378.95 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 184.90 378.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.42 378.95 Td (Gramercy ) Tj ET Q
q 0 0 0 rg BT 239.16 378.95 Td (provides ) Tj ET Q
q 0 0 0 rg BT 277.10 378.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 291.11 378.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 297.55 378.95 Td (potential ) Tj ET Q
q 0 0 0 rg BT 336.06 378.95 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 382.16 378.95 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 440.50 378.95 Td (payment ) Tj ET Q
q 0 0 0 rg BT 478.42 378.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.94 378.95 Td (up ) Tj ET Q
q 0 0 0 rg BT 501.22 378.95 Td (to�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 512.01 378.95 Td ($3.7 ) Tj ET Q
q 0 0 0 rg BT 532.16 378.95 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 562.49 378.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 366.35 Td (\(using ) Tj ET Q
q 0 0 0 rg BT 78.45 366.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.98 366.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 127.01 366.35 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 169.35 366.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 187.79 366.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 199.24 366.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 210.10 366.35 Td (April ) Tj ET Q
q 0 0 0 rg BT 234.96 366.35 Td (10, ) Tj ET Q
q 0 0 0 rg BT 250.79 366.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 277.12 366.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 292.07 366.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.60 366.35 Td (�3.3 ) Tj ET Q
q 0 0 0 rg BT 328.68 366.35 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 359.01 366.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 361.72 366.35 Td (potential ) Tj ET Q
q 0 0 0 rg BT 401.16 366.35 Td (payment\), ) Tj ET Q
q 0 0 0 rg BT 446.14 366.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 464.01 366.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 477.21 366.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.74 366.35 Td (fifth ) Tj ET Q
q 0 0 0 rg BT 513.52 366.35 Td (anniversary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 353.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 353.75 Td (closing. ) Tj ET Q
q 0 0 0 rg BT 95.87 353.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 110.17 353.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 121.54 353.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 151.57 353.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 167.32 353.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 193.57 353.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.02 353.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 240.21 353.75 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 287.16 353.75 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 346.35 353.75 Td (liability ) Tj ET Q
q 0 0 0 rg BT 381.64 353.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 400.60 353.75 Td ($3.3 ) Tj ET Q
q 0 0 0 rg BT 421.60 353.75 Td (million.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 328.55 Td (Ef) Tj ET Q
q 0 0 0 rg BT 59.22 328.55 Td (fective ) Tj ET Q
q 0 0 0 rg BT 90.83 328.55 Td (May ) Tj ET Q
q 0 0 0 rg BT 113.13 328.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 129.30 328.55 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 155.97 328.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 171.26 328.55 Td (completed ) Tj ET Q
q 0 0 0 rg BT 218.04 328.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 233.92 328.55 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 283.04 328.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 294.83 328.55 Td (QS ) Tj ET Q
q 0 0 0 rg BT 311.30 328.55 Td (Investors. ) Tj ET Q
q 0 0 0 rg BT 355.47 328.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 358.52 328.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 370.31 328.55 Td (December ) Tj ET Q
q 0 0 0 rg BT 416.50 328.55 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 443.17 328.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 458.46 328.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 479.58 328.55 Td ($4.3 ) Tj ET Q
q 0 0 0 rg BT 501.01 328.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 534.39 328.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.68 328.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 315.95 Td (final ) Tj ET Q
q 0 0 0 rg BT 71.37 315.95 Td (installment ) Tj ET Q
q 0 0 0 rg BT 120.65 315.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.03 315.95 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 178.98 315.95 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 238.17 315.95 Td (using ) Tj ET Q
q 0 0 0 rg BT 263.55 315.95 Td (existing ) Tj ET Q
q 0 0 0 rg BT 299.42 315.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 320.70 315.95 Td (resources. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 290.75 Td (On ) Tj ET Q
q 0 0 0 rg BT 63.73 290.75 Td (December ) Tj ET Q
q 0 0 0 rg BT 108.26 290.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.79 290.75 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 147.81 290.75 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 177.78 290.75 Td (Currie ) Tj ET Q
q 0 0 0 rg BT 206.00 290.75 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 243.54 290.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 273.50 290.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 299.40 290.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 309.54 290.75 Td (PK ) Tj ET Q
q 0 0 0 rg BT 324.36 290.75 Td (Investments. ) Tj ET Q
q 0 0 0 rg BT 379.12 290.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 380.52 290.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 390.66 290.75 Td (December ) Tj ET Q
q 0 0 0 rg BT 435.20 290.75 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 460.22 290.75 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 505.94 290.75 Td (consideration ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 278.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 278.15 Td ($3.2 ) Tj ET Q
q 0 0 0 rg BT 81.87 278.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 114.83 278.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 133.79 278.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 154.49 278.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 179.87 278.15 Td (existing ) Tj ET Q
q 0 0 0 rg BT 215.75 278.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 237.03 278.15 Td (resources.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 252.95 Td (See ) Tj ET Q
q 0 0 0 rg BT 68.24 252.95 Td (Notes�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.36 252.95 Td (2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 100.61 252.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 104.20 252.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 122.94 252.95 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 128.19 252.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 131.77 252.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 144.10 252.95 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 172.17 252.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 183.92 252.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 242.92 252.95 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 285.57 252.95 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 335.23 252.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 351.06 252.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 396.63 252.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 449.78 252.95 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 493.60 252.95 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 547.34 252.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 240.35 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 96.45 240.35 Td (consideration, ) Tj ET Q
q 0 0 0 rg BT 158.27 240.35 Td (respectively) Tj ET Q
q 0 0 0 rg BT 208.31 240.35 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 215.15 Td (Noncontrolling ) Tj ET Q
q 0 0 0 rg BT 118.64 215.15 Td (Interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 202.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.23 202.55 Td (further ) Tj ET Q
q 0 0 0 rg BT 93.85 202.55 Td (described ) Tj ET Q
q 0 0 0 rg BT 136.14 202.55 Td (below) Tj ET Q
q 0 0 0 rg BT 161.12 202.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 165.80 202.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 180.10 202.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 200.23 202.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 212.20 202.55 Td (obligated ) Tj ET Q
q 0 0 0 rg BT 253.33 202.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 263.55 202.55 Td (settle ) Tj ET Q
q 0 0 0 rg BT 287.77 202.55 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 351.65 202.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 388.70 202.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 419.32 202.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 429.54 202.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 460.16 202.55 Td (af) Tj ET Q
q 0 0 0 rg BT 468.13 202.55 Td (filiates. ) Tj ET Q
q 0 0 0 rg BT 501.39 202.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 503.30 202.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 521.68 202.55 Td (following ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 189.95 Td (table ) Tj ET Q
q 0 0 0 rg BT 71.44 189.95 Td (presents ) Tj ET Q
q 0 0 0 rg BT 107.39 189.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 113.58 189.95 Td (summary ) Tj ET Q
q 0 0 0 rg BT 154.20 189.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.48 189.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 180.01 189.95 Td (af) Tj ET Q
q 0 0 0 rg BT 187.98 189.95 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 214.00 189.95 Td (redeemable ) Tj ET Q
q 0 0 0 rg BT 263.92 189.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 327.29 189.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 363.81 189.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 400.33 189.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 428.69 189.95 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 441.89 189.95 Td (millions\), ) Tj ET Q
q 0 0 0 rg BT 483.97 189.95 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 526.92 189.95 Td (amounts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 177.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 82.01 177.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 94.12 177.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 151.71 177.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 181.90 177.35 Td (plans. ) Tj ET Q
q 0 0 0 rg BT 210.64 177.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 214.30 177.35 Td (These ) Tj ET Q
q 0 0 0 rg BT 243.32 177.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 282.24 177.35 Td (values ) Tj ET Q
q 0 0 0 rg BT 313.01 177.35 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 343.77 177.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 360.54 177.35 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 404.73 177.35 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 451.83 177.35 Td (values, ) Tj ET Q
q 0 0 0 rg BT 485.22 177.35 Td (except ) Tj ET Q
q 0 0 0 rg BT 516.57 177.35 Td (when ) Tj ET Q
q 0 0 0 rg BT 543.26 177.35 Td (such ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 164.75 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 95.70 164.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 125.57 164.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 141.43 164.75 Td (less ) Tj ET Q
q 0 0 0 rg BT 160.22 164.75 Td (than ) Tj ET Q
q 0 0 0 rg BT 181.34 164.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.21 164.75 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 235.83 164.75 Td (price, ) Tj ET Q
q 0 0 0 rg BT 262.48 164.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 278.35 164.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 316.38 164.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 342.16 164.75 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 376.10 164.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.97 164.75 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 430.59 164.75 Td (price. ) Tj ET Q
q 0 0 0 rg BT 457.24 164.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 460.06 164.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 479.43 164.75 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 516.88 164.75 Td (timing ) Tj ET Q
q 0 0 0 rg BT 547.34 164.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 152.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 87.71 152.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 99.08 152.15 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 163.53 152.15 Td (interest ) Tj ET Q
q 0 0 0 rg BT 197.06 152.15 Td (settlements ) Tj ET Q
q 0 0 0 rg BT 246.93 152.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 262.37 152.15 Td (too ) Tj ET Q
q 0 0 0 rg BT 278.42 152.15 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 320.10 152.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 330.90 152.15 Td (project ) Tj ET Q
q 0 0 0 rg BT 362.67 152.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 383.97 152.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 401.75 152.15 Td (accuracy) Tj ET Q
q 0 0 0 rg BT 438.37 152.15 Td (.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 115.64999999999998 m
333 115.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
337 115.64999999999998 m
409 115.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414 115.64999999999998 m
463 115.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468 115.64999999999998 m
514 115.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
518 115.64999999999998 m
562 115.64999999999998 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.15 120.42 Td (EnT) Tj ET Q
q 0 0 0 rg BT 358.04 120.42 Td (rust Global) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.25 130.92 Td (Clarion) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.75 120.42 Td (Partners) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.50 120.42 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.75 120.42 Td (T) Tj ET Q
q 0 0 0 rg BT 534.43 120.42 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.50 105.44 Td (Affiliate noncontr) Tj ET Q
q 0 0 0 rg BT 131.51 105.44 Td (olling inter) Tj ET Q
q 0 0 0 rg BT 180.61 105.44 Td (ests as of Mar) Tj ET Q
q 0 0 0 rg BT 242.53 105.44 Td (ch 31, 2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 339.50 105.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.35 105.44 Td (379.1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 416.50 105.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 435.35 105.44 Td (133.6) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 470.50 105.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 491.60 105.44 Td (12.7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 520.50 105.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 534.35 105.44 Td (525.4) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 75.95 Td (Noncontrolling ) Tj ET Q
q 0 0 0 rg BT 116.26 75.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 153.85 75.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.20 75.95 Td (35% ) Tj ET Q
q 0 0 0 rg BT 187.04 75.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 198.39 75.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.82 75.95 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 265.42 75.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 294.26 75.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 305.61 75.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 323.32 75.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 341.67 75.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 372.85 75.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 390.61 75.95 Td (18% ) Tj ET Q
q 0 0 0 rg BT 412.45 75.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 423.80 75.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 439.23 75.95 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 490.83 75.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 519.67 75.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 531.02 75.95 Td (Clarion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 63.35 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 86.05 63.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 101.01 63.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 132.90 63.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 143.21 63.35 Td (put ) Tj ET Q
q 0 0 0 rg BT 158.77 63.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 176.07 63.35 Td (call ) Tj ET Q
q 0 0 0 rg BT 193.37 63.35 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 239.27 63.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 257.16 63.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 277.38 63.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 302.85 63.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 313.16 63.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 340.38 63.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 361.18 63.35 Td (outlays, ) Tj ET Q
q 0 0 0 rg BT 396.28 63.35 Td (generally ) Tj ET Q
q 0 0 0 rg BT 437.48 63.35 Td (starting ) Tj ET Q
q 0 0 0 rg BT 471.12 63.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 481.43 63.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 506.32 63.35 Td (2022 ) Tj ET Q
q 0 0 0 rg BT 529.46 63.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 543.84 63.35 Td (both ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 50.75 Td (EnT) Tj ET Q
q 0 0 0 rg BT 67.21 50.75 Td (rust ) Tj ET Q
q 0 0 0 rg BT 85.58 50.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 116.79 50.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.57 50.75 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 168.69 50.75 Td (Partners, ) Tj ET Q
q 0 0 0 rg BT 208.35 50.75 Td (but ) Tj ET Q
q 0 0 0 rg BT 224.40 50.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 256.76 50.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 267.56 50.75 Td (earlier ) Tj ET Q
q 0 0 0 rg BT 296.99 50.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 304.96 50.75 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 354.23 50.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 365.02 50.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 396.21 50.75 Td (circumstances.) Tj ET Q
endstream
endobj
133 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 134 0 R>>
endobj
134 0 obj
<</Length 40588>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (64) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (On ) Tj ET Q
q 0 0 0 rg BT 65.23 729.15 Td (May ) Tj ET Q
q 0 0 0 rg BT 87.38 729.15 Td (10, ) Tj ET Q
q 0 0 0 rg BT 103.40 729.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 129.93 729.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 145.07 729.15 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 190.54 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 206.26 729.15 Td (15% ) Tj ET Q
q 0 0 0 rg BT 228.41 729.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 257.55 729.15 Td (interest ) Tj ET Q
q 0 0 0 rg BT 291.36 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 302.43 729.15 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 333.33 729.15 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 393.37 729.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 414.34 729.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 427.74 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.47 729.15 Td (firm's ) Tj ET Q
q 0 0 0 rg BT 470.43 729.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 526.97 729.15 Td (team ) Tj ET Q
q 0 0 0 rg BT 550.28 729.15 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 69.97 716.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 128.34 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 138.89 716.55 Td ($22.0 ) Tj ET Q
q 0 0 0 rg BT 164.32 716.55 Td (million. ) Tj ET Q
q 0 0 0 rg BT 199.09 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 200.76 716.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 218.89 716.55 Td (initial ) Tj ET Q
q 0 0 0 rg BT 245.19 716.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 265.66 716.55 Td (payment ) Tj ET Q
q 0 0 0 rg BT 303.62 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.17 716.55 Td ($12.0 ) Tj ET Q
q 0 0 0 rg BT 339.60 716.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 374.37 716.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 415.83 716.55 Td ($1.8 ) Tj ET Q
q 0 0 0 rg BT 436.01 716.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 468.16 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 478.71 716.55 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 521.34 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 531.32 716.55 Td (arrears, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 68.72 703.95 Td (made ) Tj ET Q
q 0 0 0 rg BT 94.35 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 107.75 703.95 Td (May ) Tj ET Q
q 0 0 0 rg BT 129.89 703.95 Td (10, ) Tj ET Q
q 0 0 0 rg BT 145.91 703.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 172.42 703.95 Td (using ) Tj ET Q
q 0 0 0 rg BT 198.07 703.95 Td (existing ) Tj ET Q
q 0 0 0 rg BT 234.21 703.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 255.76 703.95 Td (resources. ) Tj ET Q
q 0 0 0 rg BT 300.93 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 303.82 703.95 Td (Half ) Tj ET Q
q 0 0 0 rg BT 325.37 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 337.01 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 352.74 703.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 390.60 703.95 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 450.06 703.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 469.28 703.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 490.25 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 501.32 703.95 Td (May ) Tj ET Q
q 0 0 0 rg BT 523.46 703.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 547.35 703.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 691.35 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 110.15 691.35 Td (half ) Tj ET Q
q 0 0 0 rg BT 129.10 691.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 148.06 691.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 160.59 691.35 Td (due, ) Tj ET Q
q 0 0 0 rg BT 181.00 691.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 213.37 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 224.17 691.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 255.35 691.35 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 304.35 691.35 Td (two ) Tj ET Q
q 0 0 0 rg BT 322.73 691.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 347.51 691.35 Td (after ) Tj ET Q
q 0 0 0 rg BT 369.36 691.35 Td (closing.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (On ) Tj ET Q
q 0 0 0 rg BT 65.92 666.15 Td (July ) Tj ET Q
q 0 0 0 rg BT 87.01 666.15 Td (2, ) Tj ET Q
q 0 0 0 rg BT 98.47 666.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 125.68 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 142.09 666.15 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 185.32 666.15 Td (minority ) Tj ET Q
q 0 0 0 rg BT 225.07 666.15 Td (owner ) Tj ET Q
q 0 0 0 rg BT 254.89 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.23 666.15 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 298.81 666.15 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 359.54 666.15 Td (exercised ) Tj ET Q
q 0 0 0 rg BT 402.76 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 419.18 666.15 Td (put ) Tj ET Q
q 0 0 0 rg BT 436.18 666.15 Td (option ) Tj ET Q
q 0 0 0 rg BT 466.60 666.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 482.43 666.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 495.93 666.15 Td (10% ) Tj ET Q
q 0 0 0 rg BT 518.77 666.15 Td (ownership ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (interest. ) Tj ET Q
q 0 0 0 rg BT 85.65 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 88.09 653.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 107.03 653.55 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 152.81 653.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 178.17 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 189.54 653.55 Td ($15.5 ) Tj ET Q
q 0 0 0 rg BT 215.79 653.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 251.38 653.55 Td (along ) Tj ET Q
q 0 0 0 rg BT 277.33 653.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 298.62 653.55 Td ($1.0 ) Tj ET Q
q 0 0 0 rg BT 319.61 653.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 352.57 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 363.94 653.55 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 407.40 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 418.19 653.55 Td (arrears, ) Tj ET Q
q 0 0 0 rg BT 451.99 653.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 470.95 653.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 491.65 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 502.44 653.55 Td (October ) Tj ET Q
q 0 0 0 rg BT 538.88 653.55 Td (2018.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 628.35 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.32 628.35 Td (16) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 100.82 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.45 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 114.82 628.35 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 141.94 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 152.73 628.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 210.77 628.35 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 252.47 628.35 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 301.17 628.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 316.04 628.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 360.66 628.35 Td (information.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (Af) Tj ET Q
q 0 0 0 rg BT 59.81 603.15 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 87.51 603.15 Td (Management ) Tj ET Q
q 0 0 0 rg BT 147.31 603.15 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 178.52 603.15 Td (Plans) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.70 590.55 Td (conjunction ) Tj ET Q
q 0 0 0 rg BT 112.72 590.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 133.84 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.11 590.55 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 197.64 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 208.84 590.55 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 242.78 590.55 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 279.64 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 289.71 590.55 Td (April ) Tj ET Q
q 0 0 0 rg BT 314.33 590.55 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 340.40 590.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 355.10 590.55 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 412.36 590.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 424.72 590.55 Td (af) Tj ET Q
q 0 0 0 rg BT 432.69 590.55 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 459.63 590.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 515.72 590.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 544.42 590.55 Td (plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 68.16 577.95 Td (entitles ) Tj ET Q
q 0 0 0 rg BT 101.40 577.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 132.88 577.95 Td (key ) Tj ET Q
q 0 0 0 rg BT 150.95 577.95 Td (employees ) Tj ET Q
q 0 0 0 rg BT 198.77 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 210.43 577.95 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 244.84 577.95 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 282.16 577.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 293.24 577.95 Td (participate ) Tj ET Q
q 0 0 0 rg BT 340.46 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 351.54 577.95 Td (15% ) Tj ET Q
q 0 0 0 rg BT 373.70 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.36 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.11 577.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 429.09 577.95 Td (growth, ) Tj ET Q
q 0 0 0 rg BT 464.38 577.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 473.70 577.95 Td (any) Tj ET Q
q 0 0 0 rg BT 488.18 577.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 493.72 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 505.38 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 521.12 577.95 Td (enterprise ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 75.28 565.35 Td (\(subject ) Tj ET Q
q 0 0 0 rg BT 111.56 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 122.77 565.35 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 173.62 565.35 Td (discounts\) ) Tj ET Q
q 0 0 0 rg BT 219.82 565.35 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 269.53 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 280.73 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.60 565.35 Td (date ) Tj ET Q
q 0 0 0 rg BT 317.13 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 328.92 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 344.79 565.35 Td (grant. ) Tj ET Q
q 0 0 0 rg BT 372.03 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 375.07 565.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 386.85 565.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 417.30 565.35 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 443.97 565.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 459.25 565.35 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 517.11 565.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 530.06 565.35 Td (af) Tj ET Q
q 0 0 0 rg BT 538.03 565.35 Td (filiate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 106.92 552.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 136.95 552.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 158.81 552.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 181.26 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.86 552.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 255.29 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.81 552.75 Td (Royce. ) Tj ET Q
q 0 0 0 rg BT 301.04 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 304.82 552.75 Td (Under ) Tj ET Q
q 0 0 0 rg BT 334.84 552.75 Td (this ) Tj ET Q
q 0 0 0 rg BT 353.80 552.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 411.22 552.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 441.25 552.75 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 465.73 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 478.26 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 490.78 552.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 521.97 552.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.87 552.75 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 113.79 540.15 Td (interests ) Tj ET Q
q 0 0 0 rg BT 151.24 540.15 Td (equivalent ) Tj ET Q
q 0 0 0 rg BT 197.43 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 208.06 540.15 Td (24.5% ) Tj ET Q
q 0 0 0 rg BT 237.64 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 248.27 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.56 540.15 Td (Royce ) Tj ET Q
q 0 0 0 rg BT 292.84 540.15 Td (entity ) Tj ET Q
q 0 0 0 rg BT 319.21 540.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 341.49 540.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 363.77 540.15 Td (issued ) Tj ET Q
q 0 0 0 rg BT 392.48 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 403.11 540.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 415.49 540.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 471.60 540.15 Td (team. ) Tj ET Q
q 0 0 0 rg BT 497.09 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 499.55 540.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 510.75 540.15 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 550.25 540.15 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 107.80 527.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 121.19 527.55 Td (af) Tj ET Q
q 0 0 0 rg BT 129.16 527.55 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 157.13 527.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 214.26 527.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 243.99 527.55 Td (plan ) Tj ET Q
q 0 0 0 rg BT 265.55 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 277.20 527.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 308.09 527.55 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 335.19 527.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 354.42 527.55 Td (entitles ) Tj ET Q
q 0 0 0 rg BT 388.23 527.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 420.28 527.55 Td (key ) Tj ET Q
q 0 0 0 rg BT 438.92 527.55 Td (employees ) Tj ET Q
q 0 0 0 rg BT 487.31 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 499.53 527.55 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 554.33 527.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (participate ) Tj ET Q
q 0 0 0 rg BT 96.43 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 107.23 514.95 Td (15% ) Tj ET Q
q 0 0 0 rg BT 129.10 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.47 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.92 514.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 183.62 514.95 Td (growth, ) Tj ET Q
q 0 0 0 rg BT 218.62 514.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 227.66 514.95 Td (any) Tj ET Q
q 0 0 0 rg BT 242.13 514.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 247.38 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 258.76 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.21 514.95 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 318.23 514.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 343.59 514.95 Td (\(subject ) Tj ET Q
q 0 0 0 rg BT 379.46 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 390.25 514.95 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 440.69 514.95 Td (discounts\). ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 62.78 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 73.14 489.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 102.15 489.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 116.88 489.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 142.12 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.56 489.75 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 198.41 489.75 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 247.84 489.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 264.02 489.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 288.37 489.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 302.22 489.75 Td (units ) Tj ET Q
q 0 0 0 rg BT 324.25 489.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 349.77 489.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 405.02 489.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 432.88 489.75 Td (plans ) Tj ET Q
q 0 0 0 rg BT 456.65 489.75 Td (aggregated ) Tj ET Q
q 0 0 0 rg BT 504.32 489.75 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.57 489.75 Td (84.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.94 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 529.55 489.75 Td (million. ) Tj ET Q
q 0 0 0 rg BT 565.14 489.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (Repurchases ) Tj ET Q
q 0 0 0 rg BT 105.46 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.10 477.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 140.41 477.15 Td (granted ) Tj ET Q
q 0 0 0 rg BT 174.79 477.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 201.59 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 217.31 477.15 Td (plans ) Tj ET Q
q 0 0 0 rg BT 242.37 477.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 263.34 477.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 294.81 477.15 Td (future ) Tj ET Q
q 0 0 0 rg BT 322.77 477.15 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 361.25 477.15 Td (requirements, ) Tj ET Q
q 0 0 0 rg BT 421.58 477.15 Td (however) Tj ET Q
q 0 0 0 rg BT 457.32 477.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 462.83 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 478.55 477.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 517.03 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 535.08 477.15 Td (timing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.93 464.55 Td (repurchases ) Tj ET Q
q 0 0 0 rg BT 113.17 464.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 128.67 464.55 Td (too ) Tj ET Q
q 0 0 0 rg BT 144.77 464.55 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 186.52 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 197.37 464.55 Td (project ) Tj ET Q
q 0 0 0 rg BT 229.20 464.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 250.55 464.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 268.40 464.55 Td (accuracy) Tj ET Q
q 0 0 0 rg BT 305.01 464.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 310.32 464.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 313.00 464.55 Td (See ) Tj ET Q
q 0 0 0 rg BT 330.85 464.55 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 353.94 464.55 Td (12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 364.44 464.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.13 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.55 464.55 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 405.73 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 416.58 464.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 474.68 464.55 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 516.44 464.55 Td (Statements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.37 451.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 108.98 451.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 161.18 451.95 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 204.04 451.95 Td (af) Tj ET Q
q 0 0 0 rg BT 212.01 451.95 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 239.12 451.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 295.39 451.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 324.26 451.95 Td (plans.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (Share ) Tj ET Q
q 0 0 0 rg BT 77.80 426.75 Td (Repurchases) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.51 414.15 Td (January ) Tj ET Q
q 0 0 0 rg BT 95.42 414.15 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 121.31 414.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 137.57 414.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 165.49 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 176.50 414.15 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 217.83 414.15 Td (authorized ) Tj ET Q
q 0 0 0 rg BT 264.40 414.15 Td ($1.0 ) Tj ET Q
q 0 0 0 rg BT 285.04 414.15 Td (billion ) Tj ET Q
q 0 0 0 rg BT 314.72 414.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 329.22 414.15 Td (purchases ) Tj ET Q
q 0 0 0 rg BT 372.89 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 383.89 414.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 400.15 414.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 439.16 414.15 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 466.21 414.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 477.22 414.15 Td (December ) Tj ET Q
q 0 0 0 rg BT 522.62 414.15 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 548.50 414.15 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (Board ) Tj ET Q
q 0 0 0 rg BT 78.76 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 91.11 401.55 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 133.78 401.55 Td (approved ) Tj ET Q
q 0 0 0 rg BT 176.45 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.88 401.55 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 233.79 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.14 401.55 Td (5.6 ) Tj ET Q
q 0 0 0 rg BT 262.86 401.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 296.80 401.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 326.64 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 338.99 401.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 356.59 401.55 Td (common ) Tj ET Q
q 0 0 0 rg BT 396.93 401.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 422.70 401.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 438.54 401.55 Td ($225.5 ) Tj ET Q
q 0 0 0 rg BT 471.02 401.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 504.96 401.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 528.97 401.55 Td (Shanda, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (utilizing ) Tj ET Q
q 0 0 0 rg BT 88.71 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 105.76 388.95 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 152.54 388.95 Td ($169.0 ) Tj ET Q
q 0 0 0 rg BT 185.63 388.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 220.19 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 233.15 388.95 Td (common ) Tj ET Q
q 0 0 0 rg BT 274.11 388.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 300.49 388.95 Td (available ) Tj ET Q
q 0 0 0 rg BT 342.60 388.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 359.06 388.95 Td (repurchase ) Tj ET Q
q 0 0 0 rg BT 408.75 388.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 421.71 388.95 Td (authorized ) Tj ET Q
q 0 0 0 rg BT 470.24 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 482.63 388.95 Td (January ) Tj ET Q
q 0 0 0 rg BT 519.50 388.95 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 547.34 388.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (authorizing ) Tj ET Q
q 0 0 0 rg BT 98.86 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 113.23 376.35 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 152.08 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.37 376.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 173.82 376.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 217.35 376.35 Td ($56.5 ) Tj ET Q
q 0 0 0 rg BT 242.52 376.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 274.40 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 284.69 376.35 Td (common ) Tj ET Q
q 0 0 0 rg BT 322.97 376.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 346.68 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 356.38 376.35 Td (complete ) Tj ET Q
q 0 0 0 rg BT 396.41 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 410.78 376.35 Td (transaction. ) Tj ET Q
q 0 0 0 rg BT 460.90 376.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 478.77 376.35 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 521.11 376.35 Td (purchases ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.60 363.75 Td ($225.5 ) Tj ET Q
q 0 0 0 rg BT 91.84 363.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 124.53 363.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 143.22 363.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 151.19 363.75 Td (fectively ) Tj ET Q
q 0 0 0 rg BT 190.28 363.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 202.55 363.75 Td (acceleration ) Tj ET Q
q 0 0 0 rg BT 255.62 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 266.73 363.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 283.08 363.75 Td (share ) Tj ET Q
q 0 0 0 rg BT 307.59 363.75 Td (repurchase ) Tj ET Q
q 0 0 0 rg BT 355.42 363.75 Td (program. ) Tj ET Q
q 0 0 0 rg BT 395.81 363.75 Td (W) Tj ET Q
q 0 0 0 rg BT 404.88 363.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 411.90 363.75 Td (did ) Tj ET Q
q 0 0 0 rg BT 427.67 363.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 443.45 363.75 Td (repurchase ) Tj ET Q
q 0 0 0 rg BT 491.28 363.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 508.80 363.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 537.40 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.50 363.75 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 88.15 351.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 112.22 351.15 Td (during ) Tj ET Q
q 0 0 0 rg BT 141.55 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.28 351.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 180.34 351.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 207.32 351.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 236.63 351.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 251.67 351.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 274.57 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 291.64 351.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 317.17 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 334.24 351.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 344.89 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.55 351.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 384.86 351.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 399.89 351.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 425.42 351.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 455.90 351.15 Td (purchases ) Tj ET Q
q 0 0 0 rg BT 499.21 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 509.86 351.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 525.77 351.15 Td (common ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 74.38 338.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 96.91 338.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 113.04 338.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 135.57 338.55 Td (authorized ) Tj ET Q
q 0 0 0 rg BT 182.59 338.55 Td (and, ) Tj ET Q
q 0 0 0 rg BT 203.09 338.55 Td (without ) Tj ET Q
q 0 0 0 rg BT 237.89 338.55 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 275.98 338.55 Td (T) Tj ET Q
q 0 0 0 rg BT 281.66 338.55 Td (empleton's ) Tj ET Q
q 0 0 0 rg BT 329.43 338.55 Td (consent, ) Tj ET Q
q 0 0 0 rg BT 366.84 338.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 382.37 338.55 Td (prohibited ) Tj ET Q
q 0 0 0 rg BT 428.24 338.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 441.45 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 456.99 338.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 474.29 338.55 Td (ger ) Tj ET Q
q 0 0 0 rg BT 489.81 338.55 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 539.17 338.55 Td (while ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 325.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 82.26 325.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 98.29 325.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 107.92 325.95 Td (pending.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (Futur) Tj ET Q
q 0 0 0 rg BT 75.56 300.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 82.85 300.75 Td (Outlook) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.66 288.15 Td (previously ) Tj ET Q
q 0 0 0 rg BT 112.49 288.15 Td (discussed, ) Tj ET Q
q 0 0 0 rg BT 158.86 288.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 174.60 288.15 Td (currently ) Tj ET Q
q 0 0 0 rg BT 215.99 288.15 Td (intend ) Tj ET Q
q 0 0 0 rg BT 245.73 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 257.39 288.15 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 287.13 288.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 304.62 288.15 Td (available ) Tj ET Q
q 0 0 0 rg BT 346.01 288.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 368.16 288.15 Td (resources ) Tj ET Q
q 0 0 0 rg BT 411.31 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 422.97 288.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 445.71 288.15 Td (various ) Tj ET Q
q 0 0 0 rg BT 480.12 288.15 Td (activities, ) Tj ET Q
q 0 0 0 rg BT 524.14 288.15 Td (however) Tj ET Q
q 0 0 0 rg BT 559.87 288.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 80.16 275.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 98.57 275.55 Td (period ) Tj ET Q
q 0 0 0 rg BT 128.64 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.62 275.55 Td (heightened ) Tj ET Q
q 0 0 0 rg BT 189.93 275.55 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 240.40 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 251.81 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.88 275.55 Td (economic ) Tj ET Q
q 0 0 0 rg BT 311.94 275.55 Td (environment ) Tj ET Q
q 0 0 0 rg BT 368.25 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 386.66 275.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 408.57 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.64 275.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 441.94 275.55 Td (ger ) Tj ET Q
q 0 0 0 rg BT 458.59 275.55 Td (pending, ) Tj ET Q
q 0 0 0 rg BT 498.28 275.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 513.77 275.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 533.35 275.55 Td (remain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (focused ) Tj ET Q
q 0 0 0 rg BT 85.11 262.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 98.56 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.34 262.95 Td (preservation ) Tj ET Q
q 0 0 0 rg BT 169.19 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.89 262.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 211.83 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 222.95 262.95 Td (help ) Tj ET Q
q 0 0 0 rg BT 243.98 262.95 Td (us ) Tj ET Q
q 0 0 0 rg BT 256.27 262.95 Td (build ) Tj ET Q
q 0 0 0 rg BT 280.81 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.92 262.95 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 338.62 262.95 Td (liquidity) Tj ET Q
q 0 0 0 rg BT 373.52 262.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 379.10 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 381.40 262.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 396.02 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 407.72 262.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 438.08 262.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 454.16 262.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 480.74 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.52 262.95 Td ($745 ) Tj ET Q
q 0 0 0 rg BT 520.47 262.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 553.76 262.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 71.24 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 89.47 250.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 111.21 250.35 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 162.11 250.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 173.35 250.35 Td (excess ) Tj ET Q
q 0 0 0 rg BT 203.83 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 215.66 250.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 232.73 250.35 Td (working ) Tj ET Q
q 0 0 0 rg BT 270.81 250.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 301.87 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 320.11 250.35 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 366.34 250.35 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 424.23 250.35 Td (includes ) Tj ET Q
q 0 0 0 rg BT 462.30 250.35 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 500.96 250.35 Td (expected ) Tj ET Q
q 0 0 0 rg BT 541.34 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 552.59 250.35 Td (be ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 71.37 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 82.16 237.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 104.04 237.75 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 139.30 237.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 200.25 237.75 Td (payments, ) Tj ET Q
q 0 0 0 rg BT 245.74 237.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 287.44 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 298.23 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 313.68 237.75 Td (first ) Tj ET Q
q 0 0 0 rg BT 333.22 237.75 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 365.58 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 376.95 237.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 402.32 237.75 Td (2021.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 90.63 212.55 Td (Restructuring) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 62.77 199.95 Td (previously ) Tj ET Q
q 0 0 0 rg BT 108.70 199.95 Td (discussed, ) Tj ET Q
q 0 0 0 rg BT 153.17 199.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 167.01 199.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 188.43 199.95 Td (initiated ) Tj ET Q
q 0 0 0 rg BT 224.44 199.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 230.70 199.95 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 267.87 199.95 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 323.12 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 332.89 199.95 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 362.46 199.95 Td (costs. ) Tj ET Q
q 0 0 0 rg BT 387.69 199.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 389.17 199.95 Td (W) Tj ET Q
q 0 0 0 rg BT 398.24 199.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 404.50 199.95 Td (expect ) Tj ET Q
q 0 0 0 rg BT 433.50 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 443.27 199.95 Td (incur ) Tj ET Q
q 0 0 0 rg BT 466.44 199.95 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 508.85 199.95 Td (restructuring ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 73.85 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 85.37 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 101.54 187.35 Td (range ) Tj ET Q
q 0 0 0 rg BT 128.21 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.31 187.35 Td ($100 ) Tj ET Q
q 0 0 0 rg BT 164.66 187.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 198.34 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 209.86 187.35 Td ($105 ) Tj ET Q
q 0 0 0 rg BT 234.21 187.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 267.89 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 279.41 187.35 Td (connection ) Tj ET Q
q 0 0 0 rg BT 328.83 187.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 350.84 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 367.02 187.35 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 405.94 187.35 Td (restructuring, ) Tj ET Q
q 0 0 0 rg BT 465.56 187.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 494.57 187.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 514.26 187.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 527.52 187.35 Td (incurred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (through ) Tj ET Q
q 0 0 0 rg BT 84.38 174.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 114.00 174.75 Td (2021. ) Tj ET Q
q 0 0 0 rg BT 139.85 174.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 141.90 174.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 160.44 174.75 Td (majority ) Tj ET Q
q 0 0 0 rg BT 198.24 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.20 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 224.25 174.75 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 280.12 174.75 Td (costs ) Tj ET Q
q 0 0 0 rg BT 303.33 174.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 321.89 174.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 334.01 174.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 354.31 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 364.69 174.75 Td (cash. ) Tj ET Q
q 0 0 0 rg BT 388.19 174.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 390.25 174.75 Td (W) Tj ET Q
q 0 0 0 rg BT 399.32 174.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 406.20 174.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 428.24 174.75 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 465.44 174.75 Td ($80 ) Tj ET Q
q 0 0 0 rg BT 483.40 174.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 515.96 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 526.92 174.75 Td (strategic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 105.22 162.15 Td (costs ) Tj ET Q
q 0 0 0 rg BT 128.28 162.15 Td (through ) Tj ET Q
q 0 0 0 rg BT 163.01 162.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 192.48 162.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 207.68 162.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 233.37 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 250.59 162.15 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 313.31 162.15 Td ($43 ) Tj ET Q
q 0 0 0 rg BT 331.13 162.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 363.53 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 374.34 162.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 397.98 162.15 Td (costs ) Tj ET Q
q 0 0 0 rg BT 421.05 162.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 442.94 162.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 464.83 162.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 484.97 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 495.21 162.15 Td (date. ) Tj ET Q
q 0 0 0 rg BT 517.39 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 519.30 162.15 Td (W) Tj ET Q
q 0 0 0 rg BT 528.37 162.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 535.10 162.15 Td (expect ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.33 149.55 Td (incur ) Tj ET Q
q 0 0 0 rg BT 84.58 149.55 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 147.89 149.55 Td ($20 ) Tj ET Q
q 0 0 0 rg BT 166.31 149.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 199.32 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 210.15 149.55 Td ($25 ) Tj ET Q
q 0 0 0 rg BT 228.57 149.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 261.57 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 272.99 149.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 296.66 149.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 307.49 149.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 332.90 149.55 Td (2021. ) Tj ET Q
q 0 0 0 rg BT 359.19 149.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 361.86 149.55 Td (See ) Tj ET Q
q 0 0 0 rg BT 379.69 149.55 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.76 149.55 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.26 149.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 415.93 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.35 149.55 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 454.51 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 465.35 149.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 523.43 149.55 Td (Financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 98.01 136.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 112.68 136.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 157.10 136.95 Td (information. ) Tj ET Q
q 0 0 0 rg BT 211.72 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 213.97 136.95 Td (W) Tj ET Q
q 0 0 0 rg BT 223.04 136.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 230.13 136.95 Td (expect ) Tj ET Q
q 0 0 0 rg BT 259.96 136.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 278.13 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 293.39 136.95 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 331.38 136.95 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 387.46 136.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 406.23 136.95 Td (result ) Tj ET Q
q 0 0 0 rg BT 431.98 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 442.58 136.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 470.08 136.95 Td (annual ) Tj ET Q
q 0 0 0 rg BT 500.49 136.95 Td (cost ) Tj ET Q
q 0 0 0 rg BT 519.83 136.95 Td (savings ) Tj ET Q
q 0 0 0 rg BT 553.76 136.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td ($100 ) Tj ET Q
q 0 0 0 rg BT 72.74 124.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 105.32 124.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 116.31 124.35 Td (more, ) Tj ET Q
q 0 0 0 rg BT 142.75 124.35 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 198.07 124.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 210.81 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 221.79 124.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 249.69 124.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 268.27 124.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 280.42 124.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 301.32 124.35 Td (savings. ) Tj ET Q
q 0 0 0 rg BT 337.69 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 339.77 124.35 Td (W) Tj ET Q
q 0 0 0 rg BT 348.84 124.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 355.74 124.35 Td (expect ) Tj ET Q
q 0 0 0 rg BT 385.38 124.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 395.79 124.35 Td (achieve ) Tj ET Q
q 0 0 0 rg BT 430.09 124.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 453.90 124.35 Td (savings ) Tj ET Q
q 0 0 0 rg BT 487.64 124.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 500.38 124.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 507.29 124.35 Td (run ) Tj ET Q
q 0 0 0 rg BT 523.52 124.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 541.50 124.35 Td (basis ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.74 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.32 111.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 96.22 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 107.71 111.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 133.20 111.75 Td (2021. ) Tj ET Q
q 0 0 0 rg BT 159.56 111.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 161.70 111.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 176.12 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 187.61 111.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 217.76 111.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 233.63 111.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 259.99 111.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 274.98 111.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 297.55 111.75 Td (realized ) Tj ET Q
q 0 0 0 rg BT 333.52 111.75 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 382.91 111.75 Td (savings ) Tj ET Q
q 0 0 0 rg BT 417.16 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 428.65 111.75 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 492.04 111.75 Td ($72 ) Tj ET Q
q 0 0 0 rg BT 510.53 111.75 Td (million. ) Tj ET Q
q 0 0 0 rg BT 546.24 111.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 548.79 111.75 Td (W) Tj ET Q
q 0 0 0 rg BT 557.86 111.75 Td (e ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (do ) Tj ET Q
q 0 0 0 rg BT 62.63 99.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 78.67 99.15 Td (expect ) Tj ET Q
q 0 0 0 rg BT 108.69 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 124.15 99.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 141.45 99.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 157.48 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 168.27 99.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 190.72 99.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 203.26 99.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 234.45 99.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 247.58 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.03 99.15 Td (costs ) Tj ET Q
q 0 0 0 rg BT 286.66 99.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 298.03 99.15 Td (savings ) Tj ET Q
q 0 0 0 rg BT 332.16 99.15 Td (associated ) Tj ET Q
q 0 0 0 rg BT 377.93 99.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 399.22 99.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 415.85 99.15 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 454.04 99.15 Td (restructuring.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (Short-term ) Tj ET Q
q 0 0 0 rg BT 99.39 73.95 Td (Borrowings ) Tj ET Q
q 0 0 0 rg BT 152.79 73.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 171.75 73.95 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 220.46 73.95 Td (Debt) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.45 61.35 Td (previously ) Tj ET Q
q 0 0 0 rg BT 112.06 61.35 Td (discussed, ) Tj ET Q
q 0 0 0 rg BT 158.21 61.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 171.26 61.35 Td (April ) Tj ET Q
q 0 0 0 rg BT 196.71 61.35 Td (3, ) Tj ET Q
q 0 0 0 rg BT 207.86 61.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 234.76 61.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 250.29 61.35 Td (borrowed ) Tj ET Q
q 0 0 0 rg BT 293.80 61.35 Td ($250 ) Tj ET Q
q 0 0 0 rg BT 318.08 61.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 351.70 61.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 378.88 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 394.99 61.35 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 423.79 61.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 473.72 61.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 485.16 61.35 Td (provide ) Tj ET Q
q 0 0 0 rg BT 520.52 61.35 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 87.44 48.75 Td (amid ) Tj ET Q
q 0 0 0 rg BT 110.79 48.75 Td (heightened ) Tj ET Q
q 0 0 0 rg BT 159.21 48.75 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 208.80 48.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 226.31 48.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 236.84 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 252.02 48.75 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 301.62 48.75 Td (pandemic. ) Tj ET Q
q 0 0 0 rg BT 347.42 48.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 349.77 48.75 Td (Exclusive ) Tj ET Q
q 0 0 0 rg BT 393.53 48.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 404.63 48.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 428.56 48.75 Td (borrowings, ) Tj ET Q
q 0 0 0 rg BT 481.37 48.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 495.97 48.75 Td (do ) Tj ET Q
q 0 0 0 rg BT 508.82 48.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 524.60 48.75 Td (currently ) Tj ET Q
endstream
endobj
135 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 136 0 R>>
endobj
136 0 obj
<</Length 33337>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (65) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (expect ) Tj ET Q
q 0 0 0 rg BT 80.01 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 91.28 741.75 Td (raise ) Tj ET Q
q 0 0 0 rg BT 114.21 741.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 159.31 741.75 Td (incremental ) Tj ET Q
q 0 0 0 rg BT 211.97 741.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 233.16 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 245.01 741.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 274.36 741.75 Td (financing ) Tj ET Q
q 0 0 0 rg BT 317.12 741.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 338.89 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.82 741.75 Td (next ) Tj ET Q
q 0 0 0 rg BT 376.01 741.75 Td (12�months. ) Tj ET Q
q 0 0 0 rg BT 425.79 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 428.89 741.75 Td (Going ) Tj ET Q
q 0 0 0 rg BT 458.25 741.75 Td (forward, ) Tj ET Q
q 0 0 0 rg BT 497.22 741.75 Td (there ) Tj ET Q
q 0 0 0 rg BT 521.31 741.75 Td (can ) Tj ET Q
q 0 0 0 rg BT 538.99 741.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 552.00 741.75 Td (no ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (assurances ) Tj ET Q
q 0 0 0 rg BT 95.97 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.29 729.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 129.44 729.15 Td (expectations, ) Tj ET Q
q 0 0 0 rg BT 186.12 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 196.44 729.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 212.02 729.15 Td (projections ) Tj ET Q
q 0 0 0 rg BT 260.25 729.15 Td (could ) Tj ET Q
q 0 0 0 rg BT 285.15 729.15 Td (prove ) Tj ET Q
q 0 0 0 rg BT 310.63 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 320.37 729.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 331.86 729.15 Td (incorrect, ) Tj ET Q
q 0 0 0 rg BT 373.37 729.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 404.09 729.15 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 449.42 729.15 Td (might ) Tj ET Q
q 0 0 0 rg BT 475.49 729.15 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 529.56 729.15 Td (worsen, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (af) Tj ET Q
q 0 0 0 rg BT 57.47 716.55 Td (fecting ) Tj ET Q
q 0 0 0 rg BT 89.20 716.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 105.77 716.55 Td (results ) Tj ET Q
q 0 0 0 rg BT 135.77 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.09 716.55 Td (operations ) Tj ET Q
q 0 0 0 rg BT 193.41 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 211.14 716.55 Td (generation ) Tj ET Q
q 0 0 0 rg BT 258.04 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.36 716.55 Td (available ) Tj ET Q
q 0 0 0 rg BT 309.83 716.55 Td (cash, ) Tj ET Q
q 0 0 0 rg BT 333.69 716.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 345.02 716.55 Td (events ) Tj ET Q
q 0 0 0 rg BT 374.42 716.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 395.08 716.55 Td (occur ) Tj ET Q
q 0 0 0 rg BT 420.97 716.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 439.29 716.55 Td (require ) Tj ET Q
q 0 0 0 rg BT 471.60 716.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 516.17 716.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 554.34 716.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (excess ) Tj ET Q
q 0 0 0 rg BT 79.67 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 91.17 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.76 703.95 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 152.09 703.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 190.44 703.95 Td (available ) Tj ET Q
q 0 0 0 rg BT 231.09 703.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 257.76 703.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 274.52 703.95 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 302.91 703.95 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 354.95 703.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 376.95 703.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 388.46 703.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 401.13 703.95 Td (opportunity ) Tj ET Q
q 0 0 0 rg BT 452.89 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 463.82 703.95 Td (refinance ) Tj ET Q
q 0 0 0 rg BT 505.64 703.95 Td (indebtedness, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 61.24 691.35 Td (complete ) Tj ET Q
q 0 0 0 rg BT 102.72 691.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 115.62 691.35 Td (acquisition. ) Tj ET Q
q 0 0 0 rg BT 167.31 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 170.31 691.35 Td (If ) Tj ET Q
q 0 0 0 rg BT 180.29 691.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 204.86 691.35 Td (events ) Tj ET Q
q 0 0 0 rg BT 234.68 691.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 261.00 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 272.16 691.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 289.15 691.35 Td (operations ) Tj ET Q
q 0 0 0 rg BT 335.88 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 354.04 691.35 Td (available ) Tj ET Q
q 0 0 0 rg BT 394.92 691.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 416.57 691.35 Td (being ) Tj ET Q
q 0 0 0 rg BT 442.89 691.35 Td (insuf) Tj ET Q
q 0 0 0 rg BT 463.71 691.35 Td (ficient ) Tj ET Q
q 0 0 0 rg BT 493.52 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 504.68 691.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 526.92 691.35 Td (liquidity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (needs, ) Tj ET Q
q 0 0 0 rg BT 78.42 678.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 93.05 678.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 113.52 678.75 Td (seek ) Tj ET Q
q 0 0 0 rg BT 134.57 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 145.13 678.75 Td (manage ) Tj ET Q
q 0 0 0 rg BT 180.16 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 196.55 678.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 236.83 678.75 Td (resources ) Tj ET Q
q 0 0 0 rg BT 278.87 678.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 291.76 678.75 Td (taking ) Tj ET Q
q 0 0 0 rg BT 320.40 678.75 Td (actions ) Tj ET Q
q 0 0 0 rg BT 352.53 678.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 374.16 678.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 385.30 678.75 Td (reducing ) Tj ET Q
q 0 0 0 rg BT 424.42 678.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 466.47 678.75 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 509.38 678.75 Td (reducing ) Tj ET Q
q 0 0 0 rg BT 548.51 678.75 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (expected ) Tj ET Q
q 0 0 0 rg BT 90.52 666.15 Td (expenditures ) Tj ET Q
q 0 0 0 rg BT 147.88 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 162.09 666.15 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 218.59 666.15 Td (selling ) Tj ET Q
q 0 0 0 rg BT 250.30 666.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 278.50 666.15 Td (\(such ) Tj ET Q
q 0 0 0 rg BT 304.96 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 317.41 666.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 367.20 666.15 Td (securities\), ) Tj ET Q
q 0 0 0 rg BT 416.69 666.15 Td (repatriating ) Tj ET Q
q 0 0 0 rg BT 468.79 666.15 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 508.07 666.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 532.19 666.15 Td (foreign ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (subsidiaries, ) Tj ET Q
q 0 0 0 rg BT 104.68 653.55 Td (reducing ) Tj ET Q
q 0 0 0 rg BT 144.38 653.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 161.35 653.55 Td (dividend, ) Tj ET Q
q 0 0 0 rg BT 203.70 653.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 215.41 653.55 Td (modifying ) Tj ET Q
q 0 0 0 rg BT 262.14 653.55 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 321.67 653.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 343.31 653.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 360.27 653.55 Td (af) Tj ET Q
q 0 0 0 rg BT 368.24 653.55 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 399.79 653.55 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 429.58 653.55 Td (employees. ) Tj ET Q
q 0 0 0 rg BT 480.09 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 483.06 653.55 Td (Should ) Tj ET Q
q 0 0 0 rg BT 515.79 653.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 540.33 653.55 Td (types ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.20 640.95 Td (actions ) Tj ET Q
q 0 0 0 rg BT 93.89 640.95 Td (prove ) Tj ET Q
q 0 0 0 rg BT 120.75 640.95 Td (insuf) Tj ET Q
q 0 0 0 rg BT 141.56 640.95 Td (ficient, ) Tj ET Q
q 0 0 0 rg BT 173.96 640.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 185.65 640.95 Td (should ) Tj ET Q
q 0 0 0 rg BT 216.61 640.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 229.47 640.95 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 278.50 640.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 290.19 640.95 Td (refinancing ) Tj ET Q
q 0 0 0 rg BT 340.96 640.95 Td (opportunity ) Tj ET Q
q 0 0 0 rg BT 392.90 640.95 Td (arise, ) Tj ET Q
q 0 0 0 rg BT 418.30 640.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 433.50 640.95 Td (would ) Tj ET Q
q 0 0 0 rg BT 462.70 640.95 Td (likely ) Tj ET Q
q 0 0 0 rg BT 489.56 640.95 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 518.75 640.95 Td (borrowing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (capacity ) Tj ET Q
q 0 0 0 rg BT 87.10 628.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 113.63 628.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 130.26 628.35 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 158.55 628.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 207.82 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 219.19 628.35 Td (seek ) Tj ET Q
q 0 0 0 rg BT 240.47 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 251.27 628.35 Td (raise ) Tj ET Q
q 0 0 0 rg BT 273.71 628.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 318.33 628.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 347.20 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 358.57 628.35 Td (debt. ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (Liquid ) Tj ET Q
q 0 0 0 rg BT 80.32 603.15 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.35 590.55 Td (liquid ) Tj ET Q
q 0 0 0 rg BT 95.37 590.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 122.39 590.55 Td (include ) Tj ET Q
q 0 0 0 rg BT 155.82 590.55 Td (cash, ) Tj ET Q
q 0 0 0 rg BT 179.62 590.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 200.80 590.55 Td (equivalents, ) Tj ET Q
q 0 0 0 rg BT 253.77 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 271.45 590.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 302.54 590.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 334.79 590.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 383.39 590.55 Td (securities. ) Tj ET Q
q 0 0 0 rg BT 428.19 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 430.15 590.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 444.34 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 455.61 590.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 485.54 590.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 501.18 590.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 527.33 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 543.84 590.55 Td (total ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (liquid ) Tj ET Q
q 0 0 0 rg BT 76.08 577.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 102.66 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 113.48 577.95 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 176.21 577.95 Td ($1.1 ) Tj ET Q
q 0 0 0 rg BT 196.67 577.95 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 228.79 577.95 Td (included ) Tj ET Q
q 0 0 0 rg BT 267.03 577.95 Td ($334 ) Tj ET Q
q 0 0 0 rg BT 290.10 577.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 322.52 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 333.35 577.95 Td (cash, ) Tj ET Q
q 0 0 0 rg BT 356.71 577.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 377.45 577.95 Td (equivalents, ) Tj ET Q
q 0 0 0 rg BT 429.97 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 447.21 577.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 499.45 577.95 Td (held ) Tj ET Q
q 0 0 0 rg BT 519.61 577.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 532.19 577.95 Td (foreign ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (subsidiaries. ) Tj ET Q
q 0 0 0 rg BT 104.48 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 107.25 565.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 133.94 565.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 149.54 565.35 Td (working ) Tj ET Q
q 0 0 0 rg BT 187.31 565.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 218.07 565.35 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 256.43 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.95 565.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 301.05 565.35 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 353.40 565.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 376.58 565.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 392.77 565.35 Td (significant. ) Tj ET Q
q 0 0 0 rg BT 442.49 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 445.27 565.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 456.79 565.35 Td (order ) Tj ET Q
q 0 0 0 rg BT 481.72 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 492.66 565.35 Td (supplement ) Tj ET Q
q 0 0 0 rg BT 543.85 565.35 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 90.81 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 102.39 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.63 552.75 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 140.72 552.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 156.37 552.75 Td (general ) Tj ET Q
q 0 0 0 rg BT 190.68 552.75 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 233.74 552.75 Td (purposes, ) Tj ET Q
q 0 0 0 rg BT 277.10 552.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 292.76 552.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 314.25 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 325.83 552.75 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 355.49 552.75 Td (up ) Tj ET Q
q 0 0 0 rg BT 369.40 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 380.98 552.75 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 445.04 552.75 Td ($13 ) Tj ET Q
q 0 0 0 rg BT 464.21 552.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 497.96 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 510.12 552.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 543.85 552.75 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (annually ) Tj ET Q
q 0 0 0 rg BT 88.78 540.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 110.57 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 126.52 540.15 Td (next ) Tj ET Q
q 0 0 0 rg BT 147.72 540.15 Td (several ) Tj ET Q
q 0 0 0 rg BT 180.58 540.15 Td (years, ) Tj ET Q
q 0 0 0 rg BT 208.49 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 226.77 540.15 Td (anticipate ) Tj ET Q
q 0 0 0 rg BT 270.71 540.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 289.58 540.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 303.21 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 315.08 540.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 333.38 540.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 368.00 540.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 387.46 540.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 400.50 540.15 Td (provided ) Tj ET Q
q 0 0 0 rg BT 440.95 540.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 454.57 540.15 Td (debt ) Tj ET Q
q 0 0 0 rg BT 475.78 540.15 Td (service ) Tj ET Q
q 0 0 0 rg BT 508.63 540.15 Td (payments ) Tj ET Q
q 0 0 0 rg BT 552.00 540.15 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 82.45 527.55 Td (af) Tj ET Q
q 0 0 0 rg BT 90.41 527.55 Td (filiates. ) Tj ET Q
q 0 0 0 rg BT 124.24 527.55 Td (No ) Tj ET Q
q 0 0 0 rg BT 139.70 527.55 Td (further ) Tj ET Q
q 0 0 0 rg BT 170.89 527.55 Td (repatriation ) Tj ET Q
q 0 0 0 rg BT 221.91 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 233.28 527.55 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 266.23 527.55 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 304.42 527.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 314.05 527.55 Td (currently ) Tj ET Q
q 0 0 0 rg BT 354.58 527.55 Td (planned. ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.36 489.75 Td (conjunction ) Tj ET Q
q 0 0 0 rg BT 114.05 489.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 135.83 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 151.78 489.75 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 200.97 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 212.83 489.75 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 247.44 489.75 Td (Partners, ) Tj ET Q
q 0 0 0 rg BT 287.59 489.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 302.95 489.75 Td (committed ) Tj ET Q
q 0 0 0 rg BT 350.97 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 362.25 489.75 Td (provide ) Tj ET Q
q 0 0 0 rg BT 397.44 489.75 Td ($100 ) Tj ET Q
q 0 0 0 rg BT 421.56 489.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 455.01 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 466.87 489.75 Td (seed ) Tj ET Q
q 0 0 0 rg BT 488.64 489.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 519.74 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 531.02 489.75 Td (Clarion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 86.53 477.15 Td (products. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.11 451.95 Td (January ) Tj ET Q
q 0 0 0 rg BT 96.63 451.95 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 123.12 451.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 138.22 451.95 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 177.23 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 184.76 451.95 Td (minority ) Tj ET Q
q 0 0 0 rg BT 223.79 451.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 252.89 451.95 Td (position ) Tj ET Q
q 0 0 0 rg BT 289.60 451.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 300.63 451.95 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 343.14 451.95 Td (Investments, ) Tj ET Q
q 0 0 0 rg BT 399.38 451.95 Td (LLC ) Tj ET Q
q 0 0 0 rg BT 422.07 451.95 Td (\("Precidian"\). ) Tj ET Q
q 0 0 0 rg BT 482.78 451.95 Td (Under ) Tj ET Q
q 0 0 0 rg BT 511.88 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.57 451.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 553.76 451.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.59 439.35 Td (transaction, ) Tj ET Q
q 0 0 0 rg BT 117.54 439.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 133.04 439.35 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 172.45 439.35 Td (series ) Tj ET Q
q 0 0 0 rg BT 199.61 439.35 Td (B ) Tj ET Q
q 0 0 0 rg BT 209.88 439.35 Td (preferred ) Tj ET Q
q 0 0 0 rg BT 251.60 439.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 275.29 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 287.29 439.35 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 330.20 439.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 349.21 439.35 Td (entitle ) Tj ET Q
q 0 0 0 rg BT 378.71 439.35 Td (us ) Tj ET Q
q 0 0 0 rg BT 391.31 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 402.73 439.35 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 466.64 439.35 Td (20% ) Tj ET Q
q 0 0 0 rg BT 489.15 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 501.15 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.24 439.35 Td (voting ) Tj ET Q
q 0 0 0 rg BT 547.33 439.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (economic ) Tj ET Q
q 0 0 0 rg BT 95.05 426.75 Td (interests ) Tj ET Q
q 0 0 0 rg BT 134.78 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 148.27 426.75 Td (Precidian, ) Tj ET Q
q 0 0 0 rg BT 195.28 426.75 Td (along ) Tj ET Q
q 0 0 0 rg BT 223.35 426.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 246.75 426.75 Td (customary ) Tj ET Q
q 0 0 0 rg BT 295.23 426.75 Td (preferred ) Tj ET Q
q 0 0 0 rg BT 338.44 426.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 369.42 426.75 Td (protections. ) Tj ET Q
q 0 0 0 rg BT 423.44 426.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 428.18 426.75 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 472.57 426.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 491.30 426.75 Td (executed ) Tj ET Q
q 0 0 0 rg BT 533.35 426.75 Td (license ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 107.98 414.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 128.58 414.15 Td (various ) Tj ET Q
q 0 0 0 rg BT 161.42 414.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 200.08 414.15 Td (institutions ) Tj ET Q
q 0 0 0 rg BT 248.68 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 258.78 414.15 Td (use ) Tj ET Q
q 0 0 0 rg BT 274.70 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 289.03 414.15 Td (ActiveShares� ) Tj ET Q
q 0 0 0 rg BT 354.92 414.15 Td (product. ) Tj ET Q
q 0 0 0 rg BT 391.55 414.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 393.48 414.15 Td (On ) Tj ET Q
q 0 0 0 rg BT 408.24 414.15 Td (January ) Tj ET Q
q 0 0 0 rg BT 442.82 414.15 Td (21, ) Tj ET Q
q 0 0 0 rg BT 457.87 414.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 483.43 414.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 497.60 414.15 Td (provided ) Tj ET Q
q 0 0 0 rg BT 536.85 414.15 Td (notice ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.33 401.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 78.40 401.55 Td (intent ) Tj ET Q
q 0 0 0 rg BT 105.39 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 116.64 401.55 Td (convert ) Tj ET Q
q 0 0 0 rg BT 151.20 401.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 168.28 401.55 Td (preferred ) Tj ET Q
q 0 0 0 rg BT 209.82 401.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 233.32 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 244.57 401.55 Td (75% ) Tj ET Q
q 0 0 0 rg BT 266.90 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 278.72 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 294.63 401.55 Td (common ) Tj ET Q
q 0 0 0 rg BT 334.45 401.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 363.78 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.60 401.55 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 418.33 401.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 431.91 401.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 439.65 401.55 Td (fully ) Tj ET Q
q 0 0 0 rg BT 462.56 401.55 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 494.80 401.55 Td (basis, ) Tj ET Q
q 0 0 0 rg BT 521.51 401.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 554.33 401.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 99.87 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 111.17 388.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 142.29 388.95 Td (closing ) Tj ET Q
q 0 0 0 rg BT 175.17 388.95 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 221.47 388.95 Td (within ) Tj ET Q
q 0 0 0 rg BT 250.86 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 266.24 388.95 Td (nine ) Tj ET Q
q 0 0 0 rg BT 286.87 388.95 Td (months ) Tj ET Q
q 0 0 0 rg BT 320.34 388.95 Td (following ) Tj ET Q
q 0 0 0 rg BT 363.73 388.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 380.27 388.95 Td (notice. ) Tj ET Q
q 0 0 0 rg BT 411.11 388.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 413.47 388.95 Td (W) Tj ET Q
q 0 0 0 rg BT 422.54 388.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 429.76 388.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 450.39 388.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 461.11 388.95 Td (use ) Tj ET Q
q 0 0 0 rg BT 477.65 388.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 498.86 388.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 511.92 388.95 Td (hand ) Tj ET Q
q 0 0 0 rg BT 534.88 388.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.67 388.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 80.69 376.35 Td ($25 ) Tj ET Q
q 0 0 0 rg BT 99.06 376.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 132.03 376.35 Td (payment.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (Cr) Tj ET Q
q 0 0 0 rg BT 61.55 351.15 Td (edit ) Tj ET Q
q 0 0 0 rg BT 81.09 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 100.65 351.15 Td (Liquidity ) Tj ET Q
q 0 0 0 rg BT 145.29 351.15 Td (Risk) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 72.58 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 89.83 338.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 110.57 338.55 Td (equivalent ) Tj ET Q
q 0 0 0 rg BT 156.39 338.55 Td (deposits ) Tj ET Q
q 0 0 0 rg BT 192.89 338.55 Td (involve ) Tj ET Q
q 0 0 0 rg BT 226.47 338.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 257.11 338.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 283.10 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 300.34 338.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 338.01 338.55 Td (risks. ) Tj ET Q
q 0 0 0 rg BT 362.56 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 364.49 338.55 Td (W) Tj ET Q
q 0 0 0 rg BT 373.56 338.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 380.30 338.55 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 419.13 338.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 435.21 338.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 455.95 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 473.19 338.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 493.93 338.55 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 543.84 338.55 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.43 325.95 Td (number ) Tj ET Q
q 0 0 0 rg BT 90.78 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 101.80 325.95 Td (high ) Tj ET Q
q 0 0 0 rg BT 122.74 325.95 Td (quality ) Tj ET Q
q 0 0 0 rg BT 154.17 325.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 193.17 325.95 Td (institutions, ) Tj ET Q
q 0 0 0 rg BT 244.75 325.95 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 272.98 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 290.41 325.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 306.68 325.95 Td (af) Tj ET Q
q 0 0 0 rg BT 314.64 325.95 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 345.49 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 362.92 325.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 385.60 325.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 406.54 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 416.98 325.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 437.91 325.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 458.26 325.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 480.35 325.95 Td (concentrations ) Tj ET Q
q 0 0 0 rg BT 543.85 325.95 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (one ) Tj ET Q
q 0 0 0 rg BT 66.48 313.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 77.04 313.35 Td (more ) Tj ET Q
q 0 0 0 rg BT 100.44 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 111.00 313.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 134.40 313.35 Td (institutions. ) Tj ET Q
q 0 0 0 rg BT 185.52 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 187.21 313.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 205.35 313.35 Td (balances ) Tj ET Q
q 0 0 0 rg BT 243.32 313.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 263.80 313.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 287.20 313.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 325.75 313.35 Td (institutions ) Tj ET Q
q 0 0 0 rg BT 374.24 313.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 384.81 313.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 409.96 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 426.94 313.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 448.00 313.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 473.72 313.35 Td (quality ) Tj ET Q
q 0 0 0 rg BT 504.70 313.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 519.34 313.35 Td (monitored ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.63 300.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 75.16 300.75 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 112.20 300.75 Td (basis.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (Off-Balance ) Tj ET Q
q 0 0 0 rg BT 106.36 275.55 Td (Sheet ) Tj ET Q
q 0 0 0 rg BT 132.91 275.55 Td (Arrangements) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (Of) Tj ET Q
q 0 0 0 rg BT 60.39 262.95 Td (f-balance ) Tj ET Q
q 0 0 0 rg BT 100.76 262.95 Td (sheet ) Tj ET Q
q 0 0 0 rg BT 123.65 262.95 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 184.15 262.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 194.21 262.95 Td (defined ) Tj ET Q
q 0 0 0 rg BT 227.02 262.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 238.83 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 252.98 262.95 Td (SEC, ) Tj ET Q
q 0 0 0 rg BT 276.17 262.95 Td (include ) Tj ET Q
q 0 0 0 rg BT 308.40 262.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 338.28 262.95 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 386.24 262.95 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 444.11 262.95 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 481.59 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 491.07 262.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 518.05 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 524.02 262.95 Td (company ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 65.58 250.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 77.58 250.35 Td (obligation, ) Tj ET Q
q 0 0 0 rg BT 124.87 250.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 146.20 250.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 157.03 250.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 187.68 250.35 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 234.09 250.35 Td (obligations, ) Tj ET Q
q 0 0 0 rg BT 285.47 250.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 316.12 250.35 Td (guarantee ) Tj ET Q
q 0 0 0 rg BT 359.01 250.35 Td (contracts, ) Tj ET Q
q 0 0 0 rg BT 401.62 250.35 Td (retained ) Tj ET Q
q 0 0 0 rg BT 437.52 250.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 448.35 250.35 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 494.76 250.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 527.75 250.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 538.01 250.35 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (transferred ) Tj ET Q
q 0 0 0 rg BT 96.68 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 106.55 237.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 118.16 237.75 Td (unconsolidated ) Tj ET Q
q 0 0 0 rg BT 183.44 237.75 Td (entity) Tj ET Q
q 0 0 0 rg BT 206.67 237.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 211.00 237.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 241.26 237.75 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 284.95 237.75 Td (instruments, ) Tj ET Q
q 0 0 0 rg BT 338.28 237.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 348.73 237.75 Td (material ) Tj ET Q
q 0 0 0 rg BT 384.83 237.75 Td (variable ) Tj ET Q
q 0 0 0 rg BT 420.35 237.75 Td (interests ) Tj ET Q
q 0 0 0 rg BT 457.04 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 466.91 237.75 Td (unconsolidated ) Tj ET Q
q 0 0 0 rg BT 532.19 237.75 Td (entities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 69.63 225.15 Td (provide ) Tj ET Q
q 0 0 0 rg BT 106.08 225.15 Td (financing, ) Tj ET Q
q 0 0 0 rg BT 152.74 225.15 Td (liquidity) Tj ET Q
q 0 0 0 rg BT 187.64 225.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 194.65 225.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 228.18 225.15 Td (risk ) Tj ET Q
q 0 0 0 rg BT 248.31 225.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 261.44 225.15 Td (credit ) Tj ET Q
q 0 0 0 rg BT 289.72 225.15 Td (risk ) Tj ET Q
q 0 0 0 rg BT 309.85 225.15 Td (support. ) Tj ET Q
q 0 0 0 rg BT 348.36 225.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 352.74 225.15 Td (Disclosure ) Tj ET Q
q 0 0 0 rg BT 402.02 225.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 413.41 225.15 Td (required ) Tj ET Q
q 0 0 0 rg BT 452.77 225.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 469.39 225.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 488.93 225.15 Td (of) Tj ET Q
q 0 0 0 rg BT 497.49 225.15 Td (f-balance ) Tj ET Q
q 0 0 0 rg BT 540.92 225.15 Td (sheet ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 108.13 212.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 125.96 212.55 Td (have, ) Tj ET Q
q 0 0 0 rg BT 150.48 212.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 161.30 212.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 176.20 212.55 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 223.76 212.55 Td (likely ) Tj ET Q
q 0 0 0 rg BT 249.75 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 259.99 212.55 Td (have, ) Tj ET Q
q 0 0 0 rg BT 284.51 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 291.25 212.55 Td (material ) Tj ET Q
q 0 0 0 rg BT 327.73 212.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 359.53 212.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 370.36 212.55 Td (future ) Tj ET Q
q 0 0 0 rg BT 397.50 212.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 405.47 212.55 Td (fect ) Tj ET Q
q 0 0 0 rg BT 423.28 212.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 435.86 212.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 451.93 212.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 490.74 212.55 Td (condition, ) Tj ET Q
q 0 0 0 rg BT 535.11 212.55 Td (results ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.28 199.95 Td (operations, ) Tj ET Q
q 0 0 0 rg BT 108.68 199.95 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 146.30 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 157.08 199.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 187.10 199.95 Td (resources. ) Tj ET Q
q 0 0 0 rg BT 231.41 199.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 233.29 199.95 Td (W) Tj ET Q
q 0 0 0 rg BT 242.36 199.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 249.06 199.95 Td (generally ) Tj ET Q
q 0 0 0 rg BT 290.16 199.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 302.69 199.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 318.14 199.95 Td (enter ) Tj ET Q
q 0 0 0 rg BT 341.16 199.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 359.53 199.95 Td (of) Tj ET Q
q 0 0 0 rg BT 368.09 199.95 Td (f-balance ) Tj ET Q
q 0 0 0 rg BT 409.18 199.95 Td (sheet ) Tj ET Q
q 0 0 0 rg BT 432.79 199.95 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 494.00 199.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 504.78 199.95 Td (defined, ) Tj ET Q
q 0 0 0 rg BT 540.93 199.95 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 70.92 187.35 Td (those ) Tj ET Q
q 0 0 0 rg BT 96.44 187.35 Td (described ) Tj ET Q
q 0 0 0 rg BT 140.02 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 151.53 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 167.70 187.35 Td (Contractual ) Tj ET Q
q 0 0 0 rg BT 220.04 187.35 Td (Obligations ) Tj ET Q
q 0 0 0 rg BT 272.38 187.35 Td (section ) Tj ET Q
q 0 0 0 rg BT 305.47 187.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 324.56 187.35 Td (follows, ) Tj ET Q
q 0 0 0 rg BT 362.04 187.35 Td (Consolidation ) Tj ET Q
q 0 0 0 rg BT 424.30 187.35 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 467.90 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 479.41 187.35 Td (Critical ) Tj ET Q
q 0 0 0 rg BT 513.51 187.35 Td (Accounting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (Policies ) Tj ET Q
q 0 0 0 rg BT 84.76 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.93 174.75 Td (Notes�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 129.05 174.75 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 134.30 174.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 136.31 174.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 153.48 174.75 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 163.98 174.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 165.99 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 176.75 174.75 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 203.26 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 213.43 174.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 270.86 174.75 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 311.94 174.75 Td (Statements, ) Tj ET Q
q 0 0 0 rg BT 362.65 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 379.82 174.75 Td (Derivatives ) Tj ET Q
q 0 0 0 rg BT 430.23 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 447.40 174.75 Td (Hedging ) Tj ET Q
q 0 0 0 rg BT 485.58 174.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 527.83 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 538.01 174.75 Td (Notes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.75 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 57.38 162.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.16 162.15 Td (17) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.66 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 88.29 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 99.66 162.15 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 126.78 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 137.57 162.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 195.61 162.15 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 237.31 162.15 Td (Statements.) Tj ET Q
endstream
endobj
137 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 138 0 R>>
endobj
138 0 obj
<</Length 44653>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (66) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (CONTRACTUAL) Tj ET Q
q 0 0 0 rg BT 131.18 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 133.23 741.90 Td (AND ) Tj ET Q
q 0 0 0 rg BT 158.60 741.90 Td (CONTINGENT) Tj ET Q
q 0 0 0 rg BT 230.17 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.80 741.90 Td (OBLIGA) Tj ET Q
q 0 0 0 rg BT 274.03 741.90 Td (TIONS) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 729.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.18 729.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 86.95 729.30 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 135.55 729.30 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 184.16 729.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 194.28 729.30 Td (make ) Tj ET Q
q 0 0 0 rg BT 218.97 729.30 Td (future ) Tj ET Q
q 0 0 0 rg BT 245.99 729.30 Td (payments, ) Tj ET Q
q 0 0 0 rg BT 290.81 729.30 Td (principally ) Tj ET Q
q 0 0 0 rg BT 338.25 729.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 348.37 729.30 Td (connection ) Tj ET Q
q 0 0 0 rg BT 396.39 729.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 417.00 729.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 432.95 729.30 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 476.31 729.30 Td (debt, ) Tj ET Q
q 0 0 0 rg BT 498.96 729.30 Td (non-cancelable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (lease ) Tj ET Q
q 0 0 0 rg BT 72.51 716.70 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 122.35 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 139.54 716.70 Td (service ) Tj ET Q
q 0 0 0 rg BT 171.29 716.70 Td (agreements. ) Tj ET Q
q 0 0 0 rg BT 223.76 716.70 Td (See ) Tj ET Q
q 0 0 0 rg BT 240.94 716.70 Td (Notes�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 268.07 716.70 Td (6) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 273.32 716.70 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.75 716.70 Td (8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.00 716.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 287.65 716.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 304.84 716.70 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 310.09 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 312.11 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.88 716.70 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 349.41 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 359.60 716.70 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 417.04 716.70 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 458.14 716.70 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 506.25 716.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 520.52 716.70 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (disclosures ) Tj ET Q
q 0 0 0 rg BT 98.79 704.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 129.98 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 140.77 704.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 157.39 704.10 Td (commitments.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.08 678.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 111.17 678.90 Td (table ) Tj ET Q
q 0 0 0 rg BT 133.83 678.90 Td (sets ) Tj ET Q
q 0 0 0 rg BT 151.84 678.90 Td (forth ) Tj ET Q
q 0 0 0 rg BT 174.50 678.90 Td (these ) Tj ET Q
q 0 0 0 rg BT 198.33 678.90 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 247.23 678.90 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 296.16 678.90 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 310.08 678.90 Td (millions\) ) Tj ET Q
q 0 0 0 rg BT 350.25 678.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 363.01 678.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 388.00 678.90 Td (year) Tj ET Q
q 0 0 0 rg BT 405.65 678.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 410.53 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 427.95 678.90 Td (excludes ) Tj ET Q
q 0 0 0 rg BT 466.94 678.90 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 515.84 678.90 Td (obligations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 666.30 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 85.67 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 103.45 666.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 127.65 666.30 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 183.35 666.30 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 228.55 666.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 277.25 666.30 Td (products, ) Tj ET Q
q 0 0 0 rg BT 318.67 666.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 330.04 666.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 344.91 666.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 360.35 666.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 376.39 666.30 Td (responsible ) Tj ET Q
q 0 0 0 rg BT 426.84 666.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 438.21 666.30 Td (liable ) Tj ET Q
q 0 0 0 rg BT 464.16 666.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 479.03 666.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 503.23 666.30 Td (obligations:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 629.8 m
228 629.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
232 629.8 m
273 629.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277 629.8 m
317 629.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 629.8 m
362 629.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366 629.8 m
407 629.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 629.8 m
452 629.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
456 629.8 m
512 629.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
516 629.8 m
563 629.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 521.8 m
228 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
232 521.8 m
273 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277 521.8 m
317 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 521.8 m
362 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366 521.8 m
407 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 521.8 m
452 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
456 521.8 m
512 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
516 521.8 m
563 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 521.8 m
228 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
232 521.8 m
273 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277 521.8 m
317 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 521.8 m
362 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366 521.8 m
407 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 521.8 m
452 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
456 521.8 m
512 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
516 521.8 m
563 521.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 480.8 m
228 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
232 480.8 m
273 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277 480.8 m
317 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 480.8 m
362 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366 480.8 m
407 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 480.8 m
452 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
456 480.8 m
512 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
516 480.8 m
563 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 455.8 m
228 455.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
232 455.8 m
273 455.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277 480.8 m
317 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277 455.8 m
317 455.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 480.8 m
362 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
321 455.8 m
362 455.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366 480.8 m
407 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366 455.8 m
407 455.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 480.8 m
452 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411 455.8 m
452 455.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
456 480.8 m
512 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
456 455.8 m
512 455.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
516 480.8 m
563 480.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
516 455.8 m
563 455.8 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 241.50 634.57 Td (2021) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 286.00 634.57 Td (2022) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 330.50 634.57 Td (2023) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 375.50 634.57 Td (2024) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.50 634.57 Td (2025) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 461.60 634.57 Td (Thereafter) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.25 634.57 Td (T) Tj ET Q
q 0 0 0 rg BT 533.93 634.57 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 619.59 Td (Contractual Obligations) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 234.50 619.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.50 619.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.50 619.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.50 619.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.50 619.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 604.07 Td (Long-term borrowings by contract) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 593.57 Td (maturity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 234.50 593.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 258.50 593.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.50 593.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.50 593.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.50 593.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.50 593.57 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 368.50 593.47 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 393.00 593.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.50 593.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.35 593.57 Td (250.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.50 593.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.50 593.57 Td (1,750.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.50 593.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.50 593.57 Td (2,000.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 578.07 Td (Interest on long-term borrowings and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 567.57 Td (credit facility commitment fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 245.35 567.57 Td (106.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.35 567.57 Td (105.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.35 567.57 Td (105.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 379.35 567.57 Td (105.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.35 567.57 Td (100.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.50 567.57 Td (1,961.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.50 567.57 Td (2,484.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 552.07 Td (Minimum rental and service) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 541.57 Td (commitments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 245.35 541.57 Td (135.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.35 541.57 Td (1) Tj ET Q
q 0 0 0 rg BT 294.60 541.57 Td (10.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 339.60 541.57 Td (93.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.60 541.57 Td (77.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.60 541.57 Td (31.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 489.60 541.57 Td (29.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 541.57 Td (478.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 526.57 Td (Contributions to pension plan) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 177.04 531.33 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 255.85 526.57 Td (2.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 299.85 526.57 Td (2.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 344.85 526.57 Td (2.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 526.57 Td (2.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.85 526.57 Td (4.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.50 526.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 540.60 526.57 Td (16.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 511.57 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 511.57 Td (otal contractual obligations) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 172.48 516.33 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 245.35 511.57 Td (244.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.35 511.57 Td (218.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.35 511.57 Td (202.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 379.35 511.57 Td (186.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.35 511.57 Td (386.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.50 511.57 Td (3,740.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.50 511.57 Td (4,978.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 496.07 Td (Contingent payment related to business) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 485.57 Td (acquisition) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 258.50 485.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.50 485.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.50 485.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.50 485.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.85 485.57 Td (3.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.50 485.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 545.85 485.57 Td (3.7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 471.09 Td (T) Tj ET Q
q 0 0 0 rg BT 58.54 471.09 Td (otal Contractual and Contingent ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 61.50 460.59 Td (Obligations) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 113.43 465.35 Td (\(3\)\(4\)\(5\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 234.50 460.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 245.35 460.59 Td (244.7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 279.50 460.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 289.35 460.59 Td (218.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 323.50 460.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 334.35 460.59 Td (202.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 368.50 460.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 379.35 460.59 Td (186.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 413.50 460.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 460.59 Td (389.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 458.50 460.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 476.50 460.59 Td (3,740.6) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 518.50 460.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 527.50 460.59 Td (4,982.4) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 446.10 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 67.50 446.10 Td (Represents ) Tj ET Q
q 0 0 0 rg BT 107.10 446.10 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 154.26 446.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 163.17 446.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 173.49 446.10 Td (made ) Tj ET Q
q 0 0 0 rg BT 194.20 446.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 205.00 446.10 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 230.44 446.10 Td (Currie ) Tj ET Q
q 0 0 0 rg BT 254.45 446.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 263.36 446.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 273.70 446.10 Td (legacy ) Tj ET Q
q 0 0 0 rg BT 298.18 446.10 Td (pension ) Tj ET Q
q 0 0 0 rg BT 326.92 446.10 Td (plan ) Tj ET Q
q 0 0 0 rg BT 343.85 446.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 354.65 446.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 364.98 446.10 Td (annual ) Tj ET Q
q 0 0 0 rg BT 389.94 446.10 Td (basis ) Tj ET Q
q 0 0 0 rg BT 409.24 446.10 Td (through ) Tj ET Q
q 0 0 0 rg BT 437.98 446.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 455.86 446.10 Td (2024, ) Tj ET Q
q 0 0 0 rg BT 477.29 446.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 494.70 446.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 500.77 446.10 Td (final ) Tj ET Q
q 0 0 0 rg BT 518.65 446.10 Td (payment ) Tj ET Q
q 0 0 0 rg BT 550.22 446.10 Td (due ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 435.90 Td (November ) Tj ET Q
q 0 0 0 rg BT 105.82 435.90 Td (2024 ) Tj ET Q
q 0 0 0 rg BT 125.27 435.90 Td (\(using ) Tj ET Q
q 0 0 0 rg BT 148.96 435.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 161.80 435.90 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 196.33 435.90 Td (rate ) Tj ET Q
q 0 0 0 rg BT 211.52 435.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 221.04 435.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.57 435.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 255.20 435.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 268.27 435.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 287.72 435.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 300.07 435.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 312.90 435.90 Td (�2.3 ) Tj ET Q
q 0 0 0 rg BT 330.23 435.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 357.23 435.90 Td (annual ) Tj ET Q
q 0 0 0 rg BT 382.33 435.90 Td (committed ) Tj ET Q
q 0 0 0 rg BT 421.13 435.90 Td (contribution ) Tj ET Q
q 0 0 0 rg BT 465.13 435.90 Td (amount ) Tj ET Q
q 0 0 0 rg BT 493.07 435.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 507.79 435.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 520.62 435.90 Td (�1.5 ) Tj ET Q
q 0 0 0 rg BT 537.94 435.90 Td (million ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 425.70 Td (final ) Tj ET Q
q 0 0 0 rg BT 85.20 425.70 Td (payment ) Tj ET Q
q 0 0 0 rg BT 116.60 425.70 Td (amount\). ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 415.50 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 67.50 415.50 Td (See ) Tj ET Q
q 0 0 0 rg BT 81.69 415.50 Td (Note ) Tj ET Q
q 0 0 0 rg BT 100.13 415.50 Td (21 ) Tj ET Q
q 0 0 0 rg BT 110.55 415.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 119.55 415.50 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 141.30 415.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 149.83 415.50 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 196.60 415.50 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 230.15 415.50 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 269.37 415.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 281.20 415.50 Td (information ) Tj ET Q
q 0 0 0 rg BT 323.25 415.50 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 357.73 415.50 Td ($250 ) Tj ET Q
q 0 0 0 rg BT 376.65 415.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 403.13 415.50 Td (borrowed ) Tj ET Q
q 0 0 0 rg BT 437.62 415.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 458.89 415.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 472.14 415.50 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 494.88 415.50 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 534.56 415.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 544.55 415.50 Td (April ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 405.30 Td (3, ) Tj ET Q
q 0 0 0 rg BT 76.00 405.30 Td (2020. ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 395.10 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 67.50 395.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 82.53 395.10 Td (table ) Tj ET Q
q 0 0 0 rg BT 100.86 395.10 Td (above ) Tj ET Q
q 0 0 0 rg BT 122.97 395.10 Td (does ) Tj ET Q
q 0 0 0 rg BT 140.36 395.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 153.03 395.10 Td (include ) Tj ET Q
q 0 0 0 rg BT 179.86 395.10 Td (approximately ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 230.77 395.10 Td ($16.4) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 249.90 395.10 Td (�million ) Tj ET Q
q 0 0 0 rg BT 278.39 395.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 286.81 395.10 Td (capital ) Tj ET Q
q 0 0 0 rg BT 311.28 395.10 Td (commitments ) Tj ET Q
q 0 0 0 rg BT 359.37 395.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 367.79 395.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 406.90 395.10 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 450.26 395.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 458.68 395.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 481.27 395.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 492.99 395.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 505.18 395.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 510.77 395.10 Td (limited ) Tj ET Q
q 0 0 0 rg BT 536.66 395.10 Td (partner) Tj ET Q
q 0 0 0 rg BT 560.39 395.10 Td (, ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 384.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 90.60 384.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 106.15 384.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 116.51 384.90 Td (outstanding, ) Tj ET Q
q 0 0 0 rg BT 160.63 384.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 170.04 384.90 Td (funded ) Tj ET Q
q 0 0 0 rg BT 195.97 384.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 205.38 384.90 Td (required, ) Tj ET Q
q 0 0 0 rg BT 238.15 384.90 Td (through ) Tj ET Q
q 0 0 0 rg BT 266.92 384.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 279.63 384.90 Td (end ) Tj ET Q
q 0 0 0 rg BT 294.24 384.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 303.65 384.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 316.36 384.90 Td (commitment ) Tj ET Q
q 0 0 0 rg BT 361.65 384.90 Td (periods ) Tj ET Q
q 0 0 0 rg BT 389.01 384.90 Td (running ) Tj ET Q
q 0 0 0 rg BT 417.78 384.90 Td (through ) Tj ET Q
q 0 0 0 rg BT 446.55 384.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 467.28 384.90 Td (2029 ) Tj ET Q
q 0 0 0 rg BT 486.61 384.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 496.02 384.90 Td ($100 ) Tj ET Q
q 0 0 0 rg BT 515.35 384.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 542.24 384.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 551.65 384.90 Td (co-) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 374.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 106.93 374.70 Td (commitment ) Tj ET Q
q 0 0 0 rg BT 152.02 374.70 Td (associated ) Tj ET Q
q 0 0 0 rg BT 189.07 374.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 206.31 374.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 218.82 374.70 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 246.44 374.70 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 276.42 374.70 Td (acquisition. ) Tj ET Q
q 0 0 0 rg BT 317.97 374.70 Td ( ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 364.50 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 67.50 364.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 83.07 364.50 Td (table ) Tj ET Q
q 0 0 0 rg BT 101.94 364.50 Td (above ) Tj ET Q
q 0 0 0 rg BT 124.58 364.50 Td (does ) Tj ET Q
q 0 0 0 rg BT 142.52 364.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 155.73 364.50 Td (include ) Tj ET Q
q 0 0 0 rg BT 183.10 364.50 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 214.26 364.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 226.52 364.50 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 260.49 364.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 273.23 364.50 Td (positions ) Tj ET Q
q 0 0 0 rg BT 306.28 364.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 315.71 364.50 Td ($55.5 ) Tj ET Q
q 0 0 0 rg BT 337.19 364.50 Td (million ) Tj ET Q
q 0 0 0 rg BT 364.10 364.50 Td (\(net ) Tj ET Q
q 0 0 0 rg BT 379.66 364.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 389.10 364.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.83 364.50 Td (federal ) Tj ET Q
q 0 0 0 rg BT 427.77 364.50 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 453.73 364.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 465.99 364.50 Td (state ) Tj ET Q
q 0 0 0 rg BT 483.92 364.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 496.65 364.50 Td (liabilities\), ) Tj ET Q
q 0 0 0 rg BT 535.60 364.50 Td (because ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 354.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.01 354.30 Td (timing ) Tj ET Q
q 0 0 0 rg BT 104.33 354.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 113.54 354.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 127.94 354.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 153.18 354.30 Td (cash ) Tj ET Q
q 0 0 0 rg BT 170.41 354.30 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 202.29 354.30 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 227.07 354.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 237.22 354.30 Td (reliably ) Tj ET Q
q 0 0 0 rg BT 265.31 354.30 Td (estimated.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 344.10 Td (\(5\) ) Tj ET Q
q 0 0 0 rg BT 67.50 344.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 82.71 344.10 Td (table ) Tj ET Q
q 0 0 0 rg BT 101.22 344.10 Td (above ) Tj ET Q
q 0 0 0 rg BT 123.51 344.10 Td (does ) Tj ET Q
q 0 0 0 rg BT 141.08 344.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 153.94 344.10 Td (include ) Tj ET Q
q 0 0 0 rg BT 180.95 344.10 Td (redeemable ) Tj ET Q
q 0 0 0 rg BT 222.11 344.10 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 274.16 344.10 Td (interests ) Tj ET Q
q 0 0 0 rg BT 304.48 344.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 329.60 344.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 338.20 344.10 Td (minority ) Tj ET Q
q 0 0 0 rg BT 369.47 344.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 392.71 344.10 Td (interests ) Tj ET Q
q 0 0 0 rg BT 423.03 344.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 431.64 344.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 444.96 344.10 Td (af) Tj ET Q
q 0 0 0 rg BT 451.41 344.10 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 476.54 344.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 490.80 344.10 Td (af) Tj ET Q
q 0 0 0 rg BT 497.25 344.10 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 519.07 344.10 Td (management ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 333.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 90.59 333.90 Td (plans ) Tj ET Q
q 0 0 0 rg BT 110.38 333.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 127.34 333.90 Td (key ) Tj ET Q
q 0 0 0 rg BT 141.45 333.90 Td (employees ) Tj ET Q
q 0 0 0 rg BT 179.65 333.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 188.57 333.90 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 215.92 333.90 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 245.61 333.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 259.73 333.90 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 303.12 333.90 Td (totaling ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 330.93 333.90 Td ($597.3) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 354.31 333.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 356.15 333.90 Td (million ) Tj ET Q
q 0 0 0 rg BT 382.56 333.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 391.48 333.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 400.41 333.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 424.44 333.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 436.91 333.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 457.88 333.90 Td (because ) Tj ET Q
q 0 0 0 rg BT 486.62 333.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 498.85 333.90 Td (timing ) Tj ET Q
q 0 0 0 rg BT 522.89 333.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 537.01 333.90 Td (amount ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 323.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 76.86 323.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 91.41 323.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 116.81 323.70 Td (cash ) Tj ET Q
q 0 0 0 rg BT 134.20 323.70 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 166.23 323.70 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 191.16 323.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 201.46 323.70 Td (reliably ) Tj ET Q
q 0 0 0 rg BT 229.70 323.70 Td (estimated. ) Tj ET Q
q 0 0 0 rg BT 266.68 323.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 268.96 323.70 Td (Redeemable ) Tj ET Q
q 0 0 0 rg BT 313.25 323.70 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 365.58 323.70 Td (interests ) Tj ET Q
q 0 0 0 rg BT 396.18 323.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 405.54 323.70 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 425.77 323.70 Td (of ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 435.13 323.70 Td ($1) Tj ET Q
q 0 0 0 rg BT 443.31 323.70 Td (17.1) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 458.19 323.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 460.47 323.70 Td (million ) Tj ET Q
q 0 0 0 rg BT 487.31 323.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 496.67 323.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 506.02 323.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 530.49 323.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 543.39 323.70 Td (2020, ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 313.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 79.79 313.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 95.39 313.50 Td (excluded ) Tj ET Q
q 0 0 0 rg BT 127.98 313.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 146.41 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.70 313.50 Td (table ) Tj ET Q
q 0 0 0 rg BT 177.13 313.50 Td (above ) Tj ET Q
q 0 0 0 rg BT 199.34 313.50 Td (because ) Tj ET Q
q 0 0 0 rg BT 228.15 313.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 239.97 313.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 257.92 313.50 Td (no ) Tj ET Q
q 0 0 0 rg BT 268.33 313.50 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 308.02 313.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 316.54 313.50 Td (relation ) Tj ET Q
q 0 0 0 rg BT 344.41 313.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 352.93 313.50 Td (these ) Tj ET Q
q 0 0 0 rg BT 372.31 313.50 Td (amounts. ) Tj ET Q
q 0 0 0 rg BT 405.15 313.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 407.06 313.50 Td (Potential ) Tj ET Q
q 0 0 0 rg BT 439.19 313.50 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 478.87 313.50 Td (arising ) Tj ET Q
q 0 0 0 rg BT 503.92 313.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 522.35 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.64 313.50 Td (ultimate ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 303.30 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 104.14 303.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.92 303.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 138.69 303.30 Td (under ) Tj ET Q
q 0 0 0 rg BT 159.75 303.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.84 303.30 Td (af) Tj ET Q
q 0 0 0 rg BT 178.29 303.30 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 199.81 303.30 Td (management ) Tj ET Q
q 0 0 0 rg BT 244.94 303.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 267.89 303.30 Td (plan ) Tj ET Q
q 0 0 0 rg BT 284.23 303.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 301.04 303.30 Td (key ) Tj ET Q
q 0 0 0 rg BT 315.01 303.30 Td (employees ) Tj ET Q
q 0 0 0 rg BT 353.07 303.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.85 303.30 Td (Royce ) Tj ET Q
q 0 0 0 rg BT 385.27 303.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 397.34 303.30 Td (also ) Tj ET Q
q 0 0 0 rg BT 412.74 303.30 Td (excluded ) Tj ET Q
q 0 0 0 rg BT 445.12 303.30 Td (due ) Tj ET Q
q 0 0 0 rg BT 459.10 303.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 467.41 303.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 479.50 303.30 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 519.43 303.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 528.21 303.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 540.30 303.30 Td (timing ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 293.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 83.30 293.10 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 115.62 293.10 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 153.61 293.10 Td (payable. ) Tj ET Q
q 0 0 0 rg BT 185.69 293.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 189.21 293.10 Td (See ) Tj ET Q
q 0 0 0 rg BT 205.01 293.10 Td (Note ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 225.05 293.10 Td (12) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 233.55 293.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 237.08 293.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 247.68 293.10 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 271.03 293.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 281.17 293.10 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 329.55 293.10 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 364.70 293.10 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 405.53 293.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 418.96 293.10 Td (additional ) Tj ET Q
q 0 0 0 rg BT 456.48 293.10 Td (information ) Tj ET Q
q 0 0 0 rg BT 500.13 293.10 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 536.22 293.10 Td (af) Tj ET Q
q 0 0 0 rg BT 542.67 293.10 Td (filiate ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 282.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 113.05 282.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 136.42 282.90 Td (plans.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 260.10 Td (MARKET) Tj ET Q
q 0 0 0 rg BT 96.56 260.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 99.19 260.10 Td (RISK) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 247.50 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 247.50 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.75 247.50 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 105.01 247.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 117.45 247.50 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 161.36 247.50 Td (risk ) Tj ET Q
q 0 0 0 rg BT 179.63 247.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 235.80 247.50 Td (program ) Tj ET Q
q 0 0 0 rg BT 273.89 247.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 284.58 247.50 Td (oversee ) Tj ET Q
q 0 0 0 rg BT 319.17 247.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 336.85 247.50 Td (coordinate ) Tj ET Q
q 0 0 0 rg BT 383.68 247.50 Td (risk ) Tj ET Q
q 0 0 0 rg BT 401.95 247.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 458.12 247.50 Td (activities ) Tj ET Q
q 0 0 0 rg BT 498.55 247.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 509.81 247.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.91 247.50 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 234.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.92 234.90 Td (its ) Tj ET Q
q 0 0 0 rg BT 79.09 234.90 Td (subsidiaries. ) Tj ET Q
q 0 0 0 rg BT 133.55 234.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 135.81 234.90 Td (Under ) Tj ET Q
q 0 0 0 rg BT 164.31 234.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.39 234.90 Td (program, ) Tj ET Q
q 0 0 0 rg BT 219.84 234.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 250.66 234.90 Td (risk ) Tj ET Q
q 0 0 0 rg BT 268.67 234.90 Td (activities ) Tj ET Q
q 0 0 0 rg BT 308.83 234.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 323.90 234.90 Td (managed ) Tj ET Q
q 0 0 0 rg BT 364.06 234.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 373.89 234.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.98 234.90 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 434.40 234.90 Td (level. ) Tj ET Q
q 0 0 0 rg BT 459.68 234.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 461.78 234.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 480.36 234.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 523.45 234.90 Td (describes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 222.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 80.69 222.30 Td (aspects ) Tj ET Q
q 0 0 0 rg BT 113.64 222.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.01 222.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 141.63 222.30 Td (business ) Tj ET Q
q 0 0 0 rg BT 179.84 222.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 198.21 222.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 213.65 222.30 Td (sensitive ) Tj ET Q
q 0 0 0 rg BT 253.03 222.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 263.82 222.30 Td (market ) Tj ET Q
q 0 0 0 rg BT 295.60 222.30 Td (risk.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 197.10 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 94.71 197.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 114.26 197.10 Td (Net ) Tj ET Q
q 0 0 0 rg BT 132.63 197.10 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 184.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.88 184.50 Td (majority ) Tj ET Q
q 0 0 0 rg BT 107.51 184.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 119.31 184.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 136.36 184.50 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 172.64 184.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 182.70 184.50 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 228.31 184.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 251.78 184.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.66 184.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 299.87 184.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 325.66 184.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 337.46 184.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 353.84 184.50 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 384.02 184.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 386.40 184.50 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 438.20 184.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 443.88 184.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 451.60 184.50 Td (decline ) Tj ET Q
q 0 0 0 rg BT 484.97 184.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 496.19 184.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.07 184.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 537.87 184.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.67 184.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 171.90 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 97.68 171.90 Td (securities ) Tj ET Q
q 0 0 0 rg BT 140.03 171.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 159.06 171.90 Td (cause ) Tj ET Q
q 0 0 0 rg BT 185.07 171.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 201.16 171.90 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 230.98 171.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 248.83 171.90 Td (thus ) Tj ET Q
q 0 0 0 rg BT 269.03 171.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 285.72 171.90 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 328.35 171.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 339.21 171.90 Td (decrease. ) Tj ET Q
q 0 0 0 rg BT 380.66 171.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 383.35 171.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 394.79 171.90 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 434.52 171.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 451.21 171.90 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 475.48 171.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 509.08 171.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.93 171.90 Td (liquidity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 159.30 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 76.84 159.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 92.50 159.30 Td (subject ) Tj ET Q
q 0 0 0 rg BT 125.08 159.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 136.09 159.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 151.75 159.30 Td (impact ) Tj ET Q
q 0 0 0 rg BT 183.17 159.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 194.75 159.30 Td (interest ) Tj ET Q
q 0 0 0 rg BT 228.50 159.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 247.07 159.30 Td (fluctuations, ) Tj ET Q
q 0 0 0 rg BT 302.11 159.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 313.69 159.30 Td (rising ) Tj ET Q
q 0 0 0 rg BT 340.45 159.30 Td (interest ) Tj ET Q
q 0 0 0 rg BT 374.20 159.30 Td (rates ) Tj ET Q
q 0 0 0 rg BT 396.86 159.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 417.77 159.30 Td (tend ) Tj ET Q
q 0 0 0 rg BT 438.69 159.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 449.70 159.30 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 480.52 159.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.18 159.30 Td (market ) Tj ET Q
q 0 0 0 rg BT 528.17 159.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 553.75 159.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 146.70 Td (bonds ) Tj ET Q
q 0 0 0 rg BT 77.49 146.70 Td (held ) Tj ET Q
q 0 0 0 rg BT 98.48 146.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 109.55 146.70 Td (various ) Tj ET Q
q 0 0 0 rg BT 143.37 146.70 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 175.44 146.70 Td (fund ) Tj ET Q
q 0 0 0 rg BT 197.59 146.70 Td (portfolios ) Tj ET Q
q 0 0 0 rg BT 241.33 146.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 252.98 146.70 Td (separately ) Tj ET Q
q 0 0 0 rg BT 298.44 146.70 Td (managed ) Tj ET Q
q 0 0 0 rg BT 339.25 146.70 Td (accounts. ) Tj ET Q
q 0 0 0 rg BT 381.52 146.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 384.42 146.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 396.07 146.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 411.81 146.70 Td (ordinary ) Tj ET Q
q 0 0 0 rg BT 450.28 146.70 Td (course ) Tj ET Q
q 0 0 0 rg BT 480.59 146.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 492.25 146.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 509.15 146.70 Td (business, ) Tj ET Q
q 0 0 0 rg BT 550.27 146.70 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 134.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 69.74 134.10 Td (also ) Tj ET Q
q 0 0 0 rg BT 88.82 134.10 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 118.96 134.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 129.87 134.10 Td (waive ) Tj ET Q
q 0 0 0 rg BT 157.10 134.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 205.34 134.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 261.15 134.10 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 282.84 134.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 293.75 134.10 Td (limit ) Tj ET Q
q 0 0 0 rg BT 315.75 134.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 336.57 134.10 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 379.26 134.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 391.93 134.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 422.65 134.10 Td (products ) Tj ET Q
q 0 0 0 rg BT 460.97 134.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 471.88 134.10 Td (services ) Tj ET Q
q 0 0 0 rg BT 507.86 134.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 522.27 134.10 Td (particular ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 121.50 Td (time ) Tj ET Q
q 0 0 0 rg BT 69.96 121.50 Td (periods ) Tj ET Q
q 0 0 0 rg BT 102.67 121.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 112.64 121.50 Td (manage ) Tj ET Q
q 0 0 0 rg BT 147.09 121.50 Td (fund ) Tj ET Q
q 0 0 0 rg BT 168.14 121.50 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 210.47 121.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 221.01 121.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 235.06 121.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 258.43 121.50 Td (reasons, ) Tj ET Q
q 0 0 0 rg BT 294.35 121.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 311.31 121.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 321.27 121.50 Td (help ) Tj ET Q
q 0 0 0 rg BT 341.15 121.50 Td (retain ) Tj ET Q
q 0 0 0 rg BT 366.85 121.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 377.40 121.50 Td (increase ) Tj ET Q
q 0 0 0 rg BT 413.59 121.50 Td (managed ) Tj ET Q
q 0 0 0 rg BT 453.29 121.50 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 482.22 121.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 484.02 121.50 Td (Market ) Tj ET Q
q 0 0 0 rg BT 516.14 121.50 Td (conditions, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 108.90 Td (such ) Tj ET Q
q 0 0 0 rg BT 72.50 108.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 85.00 108.90 Td (low ) Tj ET Q
q 0 0 0 rg BT 104.51 108.90 Td (interest ) Tj ET Q
q 0 0 0 rg BT 139.17 108.90 Td (rate ) Tj ET Q
q 0 0 0 rg BT 158.66 108.90 Td (environments, ) Tj ET Q
q 0 0 0 rg BT 222.19 108.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 244.03 108.90 Td (lead ) Tj ET Q
q 0 0 0 rg BT 265.27 108.90 Td (us ) Tj ET Q
q 0 0 0 rg BT 278.36 108.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 290.28 108.90 Td (take ) Tj ET Q
q 0 0 0 rg BT 311.53 108.90 Td (such ) Tj ET Q
q 0 0 0 rg BT 334.53 108.90 Td (actions. ) Tj ET Q
q 0 0 0 rg BT 370.65 108.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 374.40 108.90 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 431.80 108.90 Td (fees ) Tj ET Q
q 0 0 0 rg BT 452.46 108.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 474.29 108.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 487.95 108.90 Td (earned ) Tj ET Q
q 0 0 0 rg BT 519.69 108.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 533.94 108.90 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 96.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 99.52 96.30 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 139.63 96.30 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 181.48 96.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 197.67 96.30 Td (exceeding ) Tj ET Q
q 0 0 0 rg BT 244.18 96.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 301.17 96.30 Td (benchmarks, ) Tj ET Q
q 0 0 0 rg BT 358.48 96.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.58 96.30 Td (strong ) Tj ET Q
q 0 0 0 rg BT 407.78 96.30 Td (markets ) Tj ET Q
q 0 0 0 rg BT 444.97 96.30 Td (tend ) Tj ET Q
q 0 0 0 rg BT 466.99 96.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 479.11 96.30 Td (increase ) Tj ET Q
q 0 0 0 rg BT 517.45 96.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 542.97 96.30 Td (fees. ) Tj ET Q
q 0 0 0 rg BT 565.12 96.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 83.70 Td (Declines ) Tj ET Q
q 0 0 0 rg BT 89.19 83.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 100.30 83.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 132.40 83.70 Td (values ) Tj ET Q
q 0 0 0 rg BT 162.18 83.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 173.22 83.70 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 200.68 83.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 219.96 83.70 Td (result ) Tj ET Q
q 0 0 0 rg BT 246.24 83.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 257.35 83.70 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 293.53 83.70 Td (fee ) Tj ET Q
q 0 0 0 rg BT 309.30 83.70 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 349.56 83.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 367.67 83.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 383.45 83.70 Td (income. ) Tj ET Q
q 0 0 0 rg BT 419.93 83.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 422.67 83.70 Td (W) Tj ET Q
q 0 0 0 rg BT 431.74 83.70 Td (e ) Tj ET Q
q 0 0 0 rg BT 439.35 83.70 Td (generally ) Tj ET Q
q 0 0 0 rg BT 481.36 83.70 Td (earn ) Tj ET Q
q 0 0 0 rg BT 502.38 83.70 Td (higher ) Tj ET Q
q 0 0 0 rg BT 532.15 83.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 552.00 83.70 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 71.10 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 96.86 71.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 124.42 71.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 142.63 71.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 171.94 71.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 199.49 71.10 Td (than ) Tj ET Q
q 0 0 0 rg BT 220.62 71.10 Td (fees ) Tj ET Q
q 0 0 0 rg BT 240.58 71.10 Td (char) Tj ET Q
q 0 0 0 rg BT 258.46 71.10 Td (ged ) Tj ET Q
q 0 0 0 rg BT 276.68 71.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 291.98 71.10 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 316.61 71.10 Td (income ) Tj ET Q
q 0 0 0 rg BT 350.57 71.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 368.79 71.10 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 407.43 71.10 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 437.61 71.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 440.66 71.10 Td (Declines ) Tj ET Q
q 0 0 0 rg BT 480.46 71.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 491.68 71.10 Td (market ) Tj ET Q
q 0 0 0 rg BT 523.89 71.10 Td (values ) Tj ET Q
q 0 0 0 rg BT 553.77 71.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 58.50 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 76.36 58.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 86.88 58.50 Td (these ) Tj ET Q
q 0 0 0 rg BT 110.81 58.50 Td (asset ) Tj ET Q
q 0 0 0 rg BT 133.57 58.50 Td (classes ) Tj ET Q
q 0 0 0 rg BT 165.09 58.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 183.78 58.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 205.95 58.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 212.97 58.50 Td (greater ) Tj ET Q
q 0 0 0 rg BT 244.47 58.50 Td (impact ) Tj ET Q
q 0 0 0 rg BT 275.39 58.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 288.25 58.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 304.60 58.50 Td (revenues. ) Tj ET Q
q 0 0 0 rg BT 346.89 58.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 349.25 58.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 360.35 58.50 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 399.74 58.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 426.00 58.50 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 461.59 58.50 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 494.85 58.50 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 553.76 58.50 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 45.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 76.07 45.90 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 140.24 45.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 173.80 45.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 187.54 45.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 206.53 45.90 Td (af) Tj ET Q
q 0 0 0 rg BT 214.50 45.90 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 248.07 45.90 Td (retain ) Tj ET Q
q 0 0 0 rg BT 276.96 45.90 Td (dif) Tj ET Q
q 0 0 0 rg BT 288.44 45.90 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 317.91 45.90 Td (percentages ) Tj ET Q
q 0 0 0 rg BT 372.46 45.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.20 45.90 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 428.51 45.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 441.67 45.90 Td (cover ) Tj ET Q
q 0 0 0 rg BT 469.98 45.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 494.22 45.90 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 522.84 45.90 Td (including ) Tj ET Q
endstream
endobj
139 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 140 0 R>>
endobj
140 0 obj
<</Length 31815>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (67) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 112.92 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 130.56 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 147.04 741.75 Td (af) Tj ET Q
q 0 0 0 rg BT 155.01 741.75 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 186.06 741.75 Td (operate ) Tj ET Q
q 0 0 0 rg BT 219.44 741.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 229.49 741.75 Td (dif) Tj ET Q
q 0 0 0 rg BT 240.97 741.75 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 267.93 741.75 Td (levels ) Tj ET Q
q 0 0 0 rg BT 294.90 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 306.13 741.75 Td (mar) Tj ET Q
q 0 0 0 rg BT 322.26 741.75 Td (gins. ) Tj ET Q
q 0 0 0 rg BT 344.87 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 347.35 741.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 366.16 741.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 381.46 741.75 Td (income, ) Tj ET Q
q 0 0 0 rg BT 417.47 741.75 Td (profit ) Tj ET Q
q 0 0 0 rg BT 443.28 741.75 Td (mar) Tj ET Q
q 0 0 0 rg BT 459.42 741.75 Td (gin ) Tj ET Q
q 0 0 0 rg BT 475.31 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 492.95 741.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 553.75 741.75 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.82 729.15 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 104.95 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.35 729.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 158.67 729.15 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 198.64 729.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 214.12 729.15 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 255.26 729.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 281.83 729.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 294.99 729.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 323.31 729.15 Td (af) Tj ET Q
q 0 0 0 rg BT 331.28 729.15 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 362.51 729.15 Td (generate ) Tj ET Q
q 0 0 0 rg BT 400.73 729.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 417.38 729.15 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 459.98 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 477.80 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 485.12 729.15 Td (change ) Tj ET Q
q 0 0 0 rg BT 517.52 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 527.76 729.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 554.92 729.15 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (one ) Tj ET Q
q 0 0 0 rg BT 66.05 716.55 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 110.60 716.55 Td (can ) Tj ET Q
q 0 0 0 rg BT 126.55 716.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 147.76 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 153.81 716.55 Td (dramatically ) Tj ET Q
q 0 0 0 rg BT 207.67 716.55 Td (dif) Tj ET Q
q 0 0 0 rg BT 219.14 716.55 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 245.01 716.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 252.98 716.55 Td (fect ) Tj ET Q
q 0 0 0 rg BT 270.10 716.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 281.99 716.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 297.37 716.55 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 336.07 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 352.62 716.55 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 389.57 716.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 409.04 716.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 420.33 716.55 Td (equal ) Tj ET Q
q 0 0 0 rg BT 444.46 716.55 Td (change ) Tj ET Q
q 0 0 0 rg BT 475.58 716.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 484.54 716.55 Td (another ) Tj ET Q
q 0 0 0 rg BT 517.41 716.55 Td (subsidiary) Tj ET Q
q 0 0 0 rg BT 559.89 716.55 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.63 678.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 121.60 678.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 137.23 678.75 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 183.77 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.32 678.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 244.20 678.75 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 289.29 678.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 331.75 678.75 Td (seed ) Tj ET Q
q 0 0 0 rg BT 353.22 678.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 384.01 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 394.98 678.75 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 440.36 678.75 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 472.33 678.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 498.47 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 516.43 678.75 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (products, ) Tj ET Q
q 0 0 0 rg BT 90.91 666.15 Td (limited ) Tj ET Q
q 0 0 0 rg BT 123.28 666.15 Td (partnerships, ) Tj ET Q
q 0 0 0 rg BT 179.86 666.15 Td (limited ) Tj ET Q
q 0 0 0 rg BT 212.23 666.15 Td (liability ) Tj ET Q
q 0 0 0 rg BT 247.52 666.15 Td (companies ) Tj ET Q
q 0 0 0 rg BT 295.05 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.83 666.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 344.02 666.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 368.22 666.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 416.92 666.15 Td (products.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (Current ) Tj ET Q
q 0 0 0 rg BT 84.69 640.95 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 140.59 640.95 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 185.10 640.95 Td (CIVs, ) Tj ET Q
q 0 0 0 rg BT 213.01 640.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 245.86 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 257.14 640.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 276.00 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 287.86 640.95 Td (security ) Tj ET Q
q 0 0 0 rg BT 324.21 640.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 348.30 640.95 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 400.99 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 416.92 640.95 Td (summarized ) Tj ET Q
q 0 0 0 rg BT 471.35 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 482.63 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 498.56 640.95 Td (table ) Tj ET Q
q 0 0 0 rg BT 522.08 640.95 Td (below ) Tj ET Q
q 0 0 0 rg BT 550.85 640.95 Td (\(in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (thousands\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 602.85 m
434 602.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 602.85 m
434 602.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 602.85 m
498 602.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 602.85 m
562 602.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 527.85 m
434 527.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 527.85 m
498 527.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 527.85 m
562 527.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 527.85 m
434 527.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 512.85 m
434 512.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 527.85 m
498 527.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 512.85 m
498 512.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 527.85 m
562 527.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 512.85 m
562 512.85 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.00 607.64 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.00 607.62 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 592.62 Td (Investment securities, excluding CIVs:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 577.62 Td (Investments relating to long-term incentive compensation plans) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 440.50 577.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 459.85 577.64 Td (210,891) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 577.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 577.62 Td (21) Tj ET Q
q 0 0 0 rg BT 534.35 577.62 Td (1,802) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 562.62 Td (Seed capital investments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 459.85 562.64 Td (108,733) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 562.62 Td (132,515) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 547.62 Td (Equity method investments relating to long-term incentive compensation plans) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 470.35 547.64 Td (5,287) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 547.62 Td (1) Tj ET Q
q 0 0 0 rg BT 534.35 547.62 Td (1,184) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 532.62 Td (   Other current investments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 465.10 532.64 Td (13,983) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 532.62 Td (21,628) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 517.62 Td (T) Tj ET Q
q 0 0 0 rg BT 73.18 517.62 Td (otal current investments, excluding CIVs) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 440.50 517.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 459.85 517.64 Td (338,894) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 517.62 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 517.62 Td (377,129) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 488.15 Td (Current ) Tj ET Q
q 0 0 0 rg BT 84.89 488.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 138.37 488.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 150.43 488.15 Td ($216.2 ) Tj ET Q
q 0 0 0 rg BT 182.62 488.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 216.28 488.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 234.75 488.15 Td ($223.0�million ) Tj ET Q
q 0 0 0 rg BT 299.91 488.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 310.80 488.15 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 357.27 488.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 381.59 488.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 400.06 488.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 427.00 488.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 477.05 488.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 482.99 488.15 Td (relate ) Tj ET Q
q 0 0 0 rg BT 509.62 488.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 521.10 488.15 Td (long-term ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 475.55 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 90.88 475.55 Td (plans ) Tj ET Q
q 0 0 0 rg BT 115.95 475.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 144.51 475.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 163.75 475.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 186.47 475.55 Td (of) Tj ET Q
q 0 0 0 rg BT 195.03 475.55 Td (fsetting ) Tj ET Q
q 0 0 0 rg BT 229.42 475.55 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 271.40 475.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 281.88 475.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 297.61 475.55 Td (end ) Tj ET Q
q 0 0 0 rg BT 315.67 475.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.32 475.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 343.05 475.55 Td (respective ) Tj ET Q
q 0 0 0 rg BT 388.51 475.55 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 421.74 475.55 Td (periods, ) Tj ET Q
q 0 0 0 rg BT 458.18 475.55 Td (but ) Tj ET Q
q 0 0 0 rg BT 474.49 475.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 489.64 475.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 518.20 475.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.93 475.55 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 462.95 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 91.34 462.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 112.19 462.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 128.37 462.95 Td (completely ) Tj ET Q
q 0 0 0 rg BT 177.79 462.95 Td (of) Tj ET Q
q 0 0 0 rg BT 186.34 462.95 Td (fset ) Tj ET Q
q 0 0 0 rg BT 204.27 462.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 214.61 462.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 230.20 462.95 Td (end ) Tj ET Q
q 0 0 0 rg BT 248.13 462.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 259.64 462.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 281.64 462.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 322.89 462.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 352.48 462.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 370.41 462.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 381.34 462.95 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 414.43 462.95 Td (provisions. ) Tj ET Q
q 0 0 0 rg BT 463.58 462.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 466.14 462.95 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 512.92 462.95 Td (fluctuations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 450.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.71 450.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.58 450.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 108.77 450.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 134.55 450.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 146.34 450.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 170.95 450.35 Td (trading ) Tj ET Q
q 0 0 0 rg BT 203.73 450.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 256.94 450.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 276.32 450.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 307.93 450.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 324.97 450.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 386.33 450.35 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 425.81 450.35 Td (non-operating ) Tj ET Q
q 0 0 0 rg BT 487.75 450.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 521.70 450.35 Td (\(expense\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 437.75 Td (and, ) Tj ET Q
q 0 0 0 rg BT 69.91 437.75 Td (dependent ) Tj ET Q
q 0 0 0 rg BT 115.69 437.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 128.81 437.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 144.26 437.75 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 177.22 437.75 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 223.60 437.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.97 437.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.42 437.75 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 273.75 437.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 290.37 437.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 305.83 437.75 Td (income.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 412.55 Td (Approximately ) Tj ET Q
q 0 0 0 rg BT 115.10 412.55 Td ($108.7 ) Tj ET Q
q 0 0 0 rg BT 146.01 412.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 178.39 412.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 195.58 412.55 Td ($132.5 ) Tj ET Q
q 0 0 0 rg BT 226.49 412.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 258.86 412.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.64 412.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 301.41 412.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 353.61 412.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 363.22 412.55 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 408.41 412.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 431.44 412.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.64 412.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 474.30 412.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 524.34 412.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 529.00 412.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 543.85 412.55 Td (seed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 399.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 79.71 399.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 132.10 399.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 142.50 399.95 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 187.31 399.95 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 218.70 399.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 244.26 399.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 261.65 399.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 285.45 399.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 333.75 399.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 372.14 399.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 389.53 399.95 Td (vehicles, ) Tj ET Q
q 0 0 0 rg BT 428.79 399.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 443.26 399.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 471.15 399.95 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 522.95 399.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 533.34 399.95 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 387.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 76.24 387.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 96.58 387.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 129.16 387.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 147.16 387.35 Td (non-operating ) Tj ET Q
q 0 0 0 rg BT 210.06 387.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 244.97 387.35 Td (\(expense\). ) Tj ET Q
q 0 0 0 rg BT 292.41 387.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 296.41 387.35 Td (Of ) Tj ET Q
q 0 0 0 rg BT 311.50 387.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 337.08 387.35 Td (amounts, ) Tj ET Q
q 0 0 0 rg BT 379.29 387.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 396.12 387.35 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 449.70 387.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 461.87 387.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 495.02 387.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 521.76 387.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 554.33 387.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 374.75 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 113.34 374.75 Td ($1) Tj ET Q
q 0 0 0 rg BT 123.45 374.75 Td (1.6 ) Tj ET Q
q 0 0 0 rg BT 139.76 374.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 173.28 374.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 191.63 374.75 Td ($27.2 ) Tj ET Q
q 0 0 0 rg BT 218.44 374.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 251.97 374.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 263.90 374.75 Td (seed ) Tj ET Q
q 0 0 0 rg BT 285.75 374.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 316.92 374.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 370.27 374.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 382.21 374.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 394.14 374.75 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 440.48 374.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 464.67 374.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 483.02 374.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 509.83 374.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.88 374.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 362.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 73.33 362.15 Td (of) Tj ET Q
q 0 0 0 rg BT 81.89 362.15 Td (fsetting ) Tj ET Q
q 0 0 0 rg BT 117.39 362.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 179.72 362.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 217.54 362.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 245.46 362.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 282.70 362.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 308.86 362.15 Td (arrangements. ) Tj ET Q
q 0 0 0 rg BT 372.05 362.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 375.77 362.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 396.10 362.15 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 449.68 362.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 461.86 362.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 495.02 362.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 521.76 362.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 554.33 362.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 349.55 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 112.41 349.55 Td ($54.5 ) Tj ET Q
q 0 0 0 rg BT 138.29 349.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 170.88 349.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 188.30 349.55 Td ($89.6 ) Tj ET Q
q 0 0 0 rg BT 214.18 349.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 246.78 349.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 257.20 349.55 Td (seed ) Tj ET Q
q 0 0 0 rg BT 278.12 349.55 Td (capital ) Tj ET Q
q 0 0 0 rg BT 308.36 349.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 360.78 349.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 371.79 349.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 382.79 349.55 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 428.20 349.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 451.46 349.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 468.88 349.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 494.76 349.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 544.80 349.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 549.69 349.55 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 336.95 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 104.39 336.95 Td (of) Tj ET Q
q 0 0 0 rg BT 112.95 336.95 Td (fset ) Tj ET Q
q 0 0 0 rg BT 129.91 336.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 142.22 336.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 166.19 336.95 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 200.08 336.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 212.39 336.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 243.35 336.95 Td (hedges ) Tj ET Q
q 0 0 0 rg BT 274.31 336.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 291.28 336.95 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 330.98 336.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 343.28 336.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 358.51 336.95 Td (materially ) Tj ET Q
q 0 0 0 rg BT 402.88 336.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 433.26 336.95 Td (Net ) Tj ET Q
q 0 0 0 rg BT 450.23 336.95 Td (Income ) Tj ET Q
q 0 0 0 rg BT 483.52 336.95 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 511.76 336.95 Td (Attributable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 324.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.93 324.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 83.77 324.35 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 135.90 324.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 138.16 324.35 Td (Seed ) Tj ET Q
q 0 0 0 rg BT 160.84 324.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 191.09 324.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 243.51 324.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 258.59 324.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 274.28 324.35 Td (liquidated ) Tj ET Q
q 0 0 0 rg BT 318.53 324.35 Td (before ) Tj ET Q
q 0 0 0 rg BT 347.61 324.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 362.70 324.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 393.53 324.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 415.04 324.35 Td (establishes ) Tj ET Q
q 0 0 0 rg BT 462.80 324.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 469.72 324.35 Td (track ) Tj ET Q
q 0 0 0 rg BT 492.97 324.35 Td (record, ) Tj ET Q
q 0 0 0 rg BT 524.67 324.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 540.93 324.35 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 311.75 Td (investors, ) Tj ET Q
q 0 0 0 rg BT 92.67 311.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 104.04 311.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 111.32 311.75 Td (decision ) Tj ET Q
q 0 0 0 rg BT 148.94 311.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 158.57 311.75 Td (made ) Tj ET Q
q 0 0 0 rg BT 183.93 311.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 194.73 311.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 207.85 311.75 Td (longer ) Tj ET Q
q 0 0 0 rg BT 237.30 311.75 Td (pursue ) Tj ET Q
q 0 0 0 rg BT 267.92 311.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 283.37 311.75 Td (strategy) Tj ET Q
q 0 0 0 rg BT 315.93 311.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 286.55 Td (Approximately ) Tj ET Q
q 0 0 0 rg BT 114.69 286.55 Td ($6.1 ) Tj ET Q
q 0 0 0 rg BT 134.69 286.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 166.65 286.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 183.43 286.55 Td ($8.4 ) Tj ET Q
q 0 0 0 rg BT 203.43 286.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 235.39 286.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 245.76 286.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 268.96 286.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 300.31 286.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 352.10 286.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 361.30 286.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 390.33 286.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 405.07 286.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 427.70 286.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 444.48 286.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 469.73 286.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 519.77 286.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 524.02 286.55 Td (represent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 273.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 113.62 273.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 150.91 273.95 Td (associated ) Tj ET Q
q 0 0 0 rg BT 196.36 273.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 217.33 273.95 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 272.69 273.95 Td (seed ) Tj ET Q
q 0 0 0 rg BT 293.65 273.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 323.93 273.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 376.39 273.95 Td (products. ) Tj ET Q
q 0 0 0 rg BT 417.47 273.95 Td (Fluctuations ) Tj ET Q
q 0 0 0 rg BT 471.69 273.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 482.15 273.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 497.28 273.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 528.73 273.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 553.76 273.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 261.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 73.70 261.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 126.48 261.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 145.44 261.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 161.48 261.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 192.67 261.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 210.45 261.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 244.56 261.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 273.43 261.35 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 326.79 261.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 337.58 261.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 361.78 261.35 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 395.61 261.35 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 414.26 261.35 Td (However) Tj ET Q
q 0 0 0 rg BT 452.32 261.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 457.57 261.35 Td (they ) Tj ET Q
q 0 0 0 rg BT 478.27 261.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 498.97 261.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 521.41 261.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 533.94 261.35 Td (impact ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 248.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 63.94 248.75 Td (non-operating ) Tj ET Q
q 0 0 0 rg BT 126.77 248.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 161.61 248.75 Td (\(expense\) ) Tj ET Q
q 0 0 0 rg BT 206.36 248.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 228.97 248.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 237.56 248.75 Td (corresponding ) Tj ET Q
q 0 0 0 rg BT 301.57 248.75 Td (of) Tj ET Q
q 0 0 0 rg BT 310.12 248.75 Td (fset ) Tj ET Q
q 0 0 0 rg BT 329.22 248.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 341.32 248.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 360.42 248.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 395.26 248.75 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 447.02 248.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 459.12 248.75 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 524.88 248.75 Td (interests. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 236.15 Td (Fluctuations ) Tj ET Q
q 0 0 0 rg BT 105.23 236.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 117.21 236.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.85 236.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 166.81 236.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 193.36 236.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 205.92 236.15 Td ($7.3 ) Tj ET Q
q 0 0 0 rg BT 228.11 236.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 262.26 236.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 281.23 236.15 Td ($12.8 ) Tj ET Q
q 0 0 0 rg BT 308.67 236.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 342.82 236.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.38 236.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 372.02 236.15 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 418.40 236.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 443.79 236.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 477.33 236.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 531.31 236.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 543.29 236.15 Td (each ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 223.55 Td (respective ) Tj ET Q
q 0 0 0 rg BT 94.69 223.55 Td (period ) Tj ET Q
q 0 0 0 rg BT 124.14 223.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 146.58 223.55 Td (of) Tj ET Q
q 0 0 0 rg BT 155.14 223.55 Td (fsetting ) Tj ET Q
q 0 0 0 rg BT 189.26 223.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 250.21 223.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 286.65 223.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 313.18 223.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 349.03 223.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 373.81 223.55 Td (arrangements. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 198.35 Td (Noncurrent ) Tj ET Q
q 0 0 0 rg BT 100.36 198.35 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 156.20 198.35 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 200.66 198.35 Td (CIVs, ) Tj ET Q
q 0 0 0 rg BT 228.50 198.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 261.29 198.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 272.51 198.35 Td (risk ) Tj ET Q
q 0 0 0 rg BT 291.31 198.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 303.11 198.35 Td (security ) Tj ET Q
q 0 0 0 rg BT 339.40 198.35 Td (price ) Tj ET Q
q 0 0 0 rg BT 363.43 198.35 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 416.05 198.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 431.92 198.35 Td (summarized ) Tj ET Q
q 0 0 0 rg BT 486.29 198.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 497.50 198.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.38 198.35 Td (table ) Tj ET Q
q 0 0 0 rg BT 536.84 198.35 Td (below ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 185.75 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 63.79 185.75 Td (thousands\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 160.25 m
434 160.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 160.25 m
434 160.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 160.25 m
498 160.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 160.25 m
562 160.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 115.25 m
498 115.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 115.25 m
562 115.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 115.25 m
434 115.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 100.25 m
434 100.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 115.25 m
498 115.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 100.25 m
498 100.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 115.25 m
562 115.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 100.25 m
562 100.25 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.00 165.04 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.00 165.02 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 150.02 Td (Noncurrent investments, excluding CIVs:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 135.02 Td (Equity method investments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 440.50 135.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 465.10 135.04 Td (64,049) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 135.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 135.02 Td (62,998) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 120.02 Td (Adjusted cost investments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 465.10 120.04 Td (19,729) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 120.02 Td (12,245) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 64.50 105.02 Td (T) Tj ET Q
q 0 0 0 rg BT 70.18 105.02 Td (otal noncurrent investments, excluding CIVs) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 440.50 105.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 465.10 105.04 Td (83,778) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 105.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 105.02 Td (75,243) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 75.55 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 100.04 75.55 Td (securities ) Tj ET Q
q 0 0 0 rg BT 143.58 75.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.21 75.55 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 182.27 75.55 Td (totaled ) Tj ET Q
q 0 0 0 rg BT 214.72 75.55 Td ($1) Tj ET Q
q 0 0 0 rg BT 224.83 75.55 Td (18.8 ) Tj ET Q
q 0 0 0 rg BT 247.09 75.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 281.32 75.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 300.36 75.55 Td ($138.0�million ) Tj ET Q
q 0 0 0 rg BT 366.08 75.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 378.72 75.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 391.35 75.55 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 438.39 75.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 463.27 75.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 482.32 75.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 509.83 75.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.87 75.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 565.12 75.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 567.75 75.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 62.95 Td (Fluctuations ) Tj ET Q
q 0 0 0 rg BT 104.72 62.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 116.19 62.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.32 62.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 164.78 62.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 190.82 62.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.87 62.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 256.34 62.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 268.39 62.95 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 293.86 62.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 305.33 62.95 Td (excess ) Tj ET Q
q 0 0 0 rg BT 336.04 62.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 348.09 62.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 365.39 62.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 394.94 62.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 444.32 62.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 463.96 62.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 480.68 62.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 512.55 62.95 Td (Net ) Tj ET Q
q 0 0 0 rg BT 531.02 62.95 Td (Income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 50.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 78.18 50.35 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 131.29 50.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 141.84 50.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 165.79 50.35 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 218.03 50.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 220.40 50.35 Td (However) Tj ET Q
q 0 0 0 rg BT 258.47 50.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 263.47 50.35 Td (it ) Tj ET Q
q 0 0 0 rg BT 271.68 50.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 292.13 50.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 314.33 50.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 326.61 50.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 357.56 50.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 370.43 50.35 Td (non-operating ) Tj ET Q
q 0 0 0 rg BT 431.71 50.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 464.99 50.35 Td (\(expense\) ) Tj ET Q
q 0 0 0 rg BT 508.18 50.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.30 50.35 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 543.84 50.35 Td (with ) Tj ET Q
endstream
endobj
141 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 142 0 R>>
endobj
142 0 obj
<</Length 32863>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (68) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.02 741.75 Td (corresponding ) Tj ET Q
q 0 0 0 rg BT 117.95 741.75 Td (of) Tj ET Q
q 0 0 0 rg BT 126.51 741.75 Td (fset ) Tj ET Q
q 0 0 0 rg BT 143.53 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 153.56 741.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 170.59 741.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 203.36 741.75 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 253.03 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 263.06 741.75 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 326.75 741.75 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 366.23 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.69 741.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 381.22 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 391.83 741.75 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 436.84 741.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 459.71 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 476.73 741.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 502.22 741.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 516.32 741.75 Td (held ) Tj ET Q
q 0 0 0 rg BT 536.26 741.75 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 101.71 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 111.92 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 126.79 729.15 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 151.00 729.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 161.79 729.15 Td ($28.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 185.41 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 187.45 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 204.66 729.15 Td ($43.7 ) Tj ET Q
q 0 0 0 rg BT 230.32 729.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 265.33 729.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 315.37 729.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 320.04 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 321.63 729.15 Td (As ) Tj ET Q
q 0 0 0 rg BT 335.34 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 346.13 729.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 375.58 729.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 390.74 729.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 413.79 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 430.99 729.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 456.66 729.15 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 508.27 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 518.48 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.35 729.15 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.71 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 85.92 716.55 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 149.04 716.55 Td ($26.7 ) Tj ET Q
q 0 0 0 rg BT 175.14 716.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 207.94 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 225.58 716.55 Td ($32.0 ) Tj ET Q
q 0 0 0 rg BT 251.67 716.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 287.10 716.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 337.15 716.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 342.24 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 353.46 716.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 377.50 716.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 406.22 716.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 458.85 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 469.49 716.55 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 494.13 716.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 509.42 716.55 Td (substantially ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 703.95 Td (fset ) Tj ET Q
q 0 0 0 rg BT 76.24 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 89.76 703.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 114.94 703.95 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 150.04 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 163.56 703.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 195.73 703.95 Td (hedges ) Tj ET Q
q 0 0 0 rg BT 227.90 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 246.08 703.95 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 286.99 703.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 300.51 703.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 316.95 703.95 Td (materially ) Tj ET Q
q 0 0 0 rg BT 362.53 703.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 394.12 703.95 Td (Net ) Tj ET Q
q 0 0 0 rg BT 412.30 703.95 Td (Income ) Tj ET Q
q 0 0 0 rg BT 446.81 703.95 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 475.99 703.95 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 529.75 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 540.93 703.95 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 102.06 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 104.76 691.35 Td (Fluctuations ) Tj ET Q
q 0 0 0 rg BT 159.37 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 170.23 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 185.76 691.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 217.60 691.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 243.04 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.48 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 270.00 691.35 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 315.27 691.35 Td ($1.7 ) Tj ET Q
q 0 0 0 rg BT 336.34 691.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 369.37 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 387.23 691.35 Td ($1) Tj ET Q
q 0 0 0 rg BT 397.34 691.35 Td (1.7 ) Tj ET Q
q 0 0 0 rg BT 413.16 691.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 446.19 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 457.05 691.35 Td (each ) Tj ET Q
q 0 0 0 rg BT 478.98 691.35 Td (respective ) Tj ET Q
q 0 0 0 rg BT 524.24 691.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 553.76 691.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 78.37 678.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 131.16 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 141.95 678.75 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 166.75 678.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 185.71 678.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 216.91 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 233.53 678.75 Td (non-operating ) Tj ET Q
q 0 0 0 rg BT 295.05 678.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 328.58 678.75 Td (\(expense\).) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (V) Tj ET Q
q 0 0 0 rg BT 55.92 653.55 Td (aluation ) Tj ET Q
q 0 0 0 rg BT 92.32 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 103.64 653.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 156.38 653.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 165.96 653.55 Td (described ) Tj ET Q
q 0 0 0 rg BT 208.77 653.55 Td (below ) Tj ET Q
q 0 0 0 rg BT 237.00 653.55 Td (within ) Tj ET Q
q 0 0 0 rg BT 266.41 653.55 Td (Critical ) Tj ET Q
q 0 0 0 rg BT 299.91 653.55 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 351.48 653.55 Td (Policies ) Tj ET Q
q 0 0 0 rg BT 387.30 653.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 413.78 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 429.19 653.55 Td (heading ) Tj ET Q
q 0 0 0 rg BT 465.00 653.55 Td ("V) Tj ET Q
q 0 0 0 rg BT 475.71 653.55 Td (aluation ) Tj ET Q
q 0 0 0 rg BT 512.10 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 523.43 653.55 Td (Financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (Instruments." ) Tj ET Q
q 0 0 0 rg BT 108.62 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 111.24 640.95 Td (See ) Tj ET Q
q 0 0 0 rg BT 129.03 640.95 Td (Notes�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 156.15 640.95 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 161.40 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 164.02 640.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 181.81 640.95 Td (17) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.31 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 194.93 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 206.31 640.95 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 233.43 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 244.22 640.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 302.26 640.95 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 343.96 640.95 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 392.66 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 407.53 640.95 Td (further ) Tj ET Q
q 0 0 0 rg BT 438.72 640.95 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 485.10 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 496.47 640.95 Td (derivatives.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.80 615.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.60 615.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 122.58 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 130.22 615.75 Td (summary ) Tj ET Q
q 0 0 0 rg BT 172.27 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 183.99 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.79 615.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 207.76 615.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 226.47 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 238.19 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 245.82 615.75 Td (10% ) Tj ET Q
q 0 0 0 rg BT 268.04 615.75 Td (increase ) Tj ET Q
q 0 0 0 rg BT 305.41 615.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 317.13 615.75 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 356.24 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 367.38 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.18 615.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 415.31 615.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 445.11 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 456.83 615.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 473.80 615.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 513.50 615.75 Td (instruments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 81.87 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 92.66 603.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 124.44 603.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 166.14 603.15 Td (risks ) Tj ET Q
q 0 0 0 rg BT 188.60 603.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 198.80 603.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 228.83 603.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 244.58 603.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 268.21 603.15 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 282.50 603.15 Td (thousands\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 556.65 m
287 556.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 556.65 m
375 556.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
379 556.65 m
469 556.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
473 556.65 m
563 556.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 556.65 m
287 556.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 556.65 m
375 556.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
379 556.65 m
469 556.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
473 556.65 m
563 556.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 462.65 m
287 462.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 462.65 m
375 462.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
379 462.65 m
469 462.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
473 462.65 m
563 462.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 390.65 m
375 390.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 390.65 m
287 390.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 376.65 m
287 376.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 390.65 m
375 390.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
291 376.65 m
375 376.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
379 390.65 m
469 390.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
379 376.65 m
469 376.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
473 390.65 m
563 390.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
473 376.65 m
563 376.65 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 297.90 561.44 Td (Carrying ) Tj ET Q
q 0 0 0 rg BT 341.75 561.44 Td (V) Tj ET Q
q 0 0 0 rg BT 348.37 561.44 Td (alue) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 400.10 583.04 Td (Fair) Tj ET Q
q 0 0 0 rg BT 419.15 583.04 Td ( ) Tj ET Q
q 0 0 0 rg BT 421.59 583.04 Td (V) Tj ET Q
q 0 0 0 rg BT 428.21 583.04 Td (alue) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.35 571.54 Td (Assuming a) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 392.80 560.04 Td (10% Incr) Tj ET Q
q 0 0 0 rg BT 435.48 560.04 Td (ease) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 494.10 583.04 Td (Fair) Tj ET Q
q 0 0 0 rg BT 513.15 583.04 Td ( ) Tj ET Q
q 0 0 0 rg BT 515.59 583.04 Td (V) Tj ET Q
q 0 0 0 rg BT 522.21 583.04 Td (alue) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 491.35 571.54 Td (Assuming a) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 485.65 560.04 Td (10% Decr) Tj ET Q
q 0 0 0 rg BT 530.65 560.04 Td (ease) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 546.87 Td (Current investments, excluding CIVs:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 532.87 Td (Investments relating to long-term incentive) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 522.37 Td (compensation plans) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.50 522.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.85 522.42 Td (210,891) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 381.50 522.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.85 522.42 Td (231,980) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.50 522.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 522.42 Td (189,802) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 507.42 Td (Seed capital investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.85 507.42 Td (108,733) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.85 507.42 Td (1) Tj ET Q
q 0 0 0 rg BT 436.10 507.42 Td (19,606) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 507.42 Td (97,860) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 491.92 Td (Equity method investments relating to long-term) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 481.42 Td (incentive compensation plans) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.35 481.42 Td (5,287) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 441.35 481.42 Td (5,816) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 481.42 Td (4,758) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 466.87 Td (Other investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.10 466.87 Td (13,983) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.10 466.87 Td (15,381) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 466.87 Td (12,585) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 452.87 Td (T) Tj ET Q
q 0 0 0 rg BT 58.55 452.87 Td (otal current investments, excluding CIVs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.85 452.87 Td (338,894) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.85 452.87 Td (372,783) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 452.87 Td (305,005) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 438.87 Td (Investments in CIVs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.10 438.87 Td (28,397) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.10 438.87 Td (31,237) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 438.87 Td (25,557) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 424.42 Td (Non-current investments, excluding CIVs:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.00 409.42 Td (Equity method investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.10 409.42 Td (64,049) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.10 409.42 Td (70,454) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 409.42 Td (57,644) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.00 394.87 Td (Adjusted cost investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.10 394.87 Td (19,729) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.10 394.87 Td (21,702) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 394.87 Td (17,756) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 380.87 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 380.87 Td (otal investments subject to market risk) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.50 380.87 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.85 380.87 Td (451,069) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 381.50 380.87 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.85 380.87 Td (496,176) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.50 380.87 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 380.87 Td (405,962) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.95 Td (Gains ) Tj ET Q
q 0 0 0 rg BT 76.67 351.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 94.50 351.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 122.26 351.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 153.49 351.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 164.33 351.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 217.17 351.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 228.01 351.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 265.65 351.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 326.64 351.95 Td (plans ) Tj ET Q
q 0 0 0 rg BT 351.48 351.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 366.97 351.95 Td (directly ) Tj ET Q
q 0 0 0 rg BT 401.71 351.95 Td (of) Tj ET Q
q 0 0 0 rg BT 410.27 351.95 Td (fset ) Tj ET Q
q 0 0 0 rg BT 428.10 351.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 449.43 351.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 464.93 351.95 Td (full ) Tj ET Q
q 0 0 0 rg BT 482.18 351.95 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 515.18 351.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 544.68 351.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 557.85 351.95 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 339.35 Td (corresponding ) Tj ET Q
q 0 0 0 rg BT 111.04 339.35 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 158.59 339.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 168.22 339.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 228.02 339.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 263.30 339.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 279.93 339.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 309.97 339.35 Td (liability) Tj ET Q
q 0 0 0 rg BT 341.95 339.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 346.05 339.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 347.52 339.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 357.73 339.35 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 396.24 339.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 447.88 339.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 457.51 339.35 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 505.63 339.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 526.35 339.35 Td (products ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.60 326.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 120.70 326.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 131.81 326.75 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 156.92 326.75 Td (totaling ) Tj ET Q
q 0 0 0 rg BT 191.94 326.75 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 255.52 326.75 Td ($81.2 ) Tj ET Q
q 0 0 0 rg BT 282.09 326.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 315.36 326.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 338.13 326.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 360.89 326.75 Td (economically ) Tj ET Q
q 0 0 0 rg BT 420.39 326.75 Td (hedged ) Tj ET Q
q 0 0 0 rg BT 453.65 326.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 464.75 326.75 Td (limit ) Tj ET Q
q 0 0 0 rg BT 487.53 326.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 519.62 326.75 Td (risk. ) Tj ET Q
q 0 0 0 rg BT 540.94 326.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 543.23 326.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 557.83 326.75 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 314.15 Td (result, ) Tj ET Q
q 0 0 0 rg BT 78.38 314.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 85.96 314.15 Td (10% ) Tj ET Q
q 0 0 0 rg BT 108.14 314.15 Td (increase ) Tj ET Q
q 0 0 0 rg BT 145.45 314.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 157.12 314.15 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 196.19 314.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 207.28 314.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.03 314.15 Td (unrealized ) Tj ET Q
q 0 0 0 rg BT 269.68 314.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 301.76 314.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 327.42 314.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 339.09 314.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 356.01 314.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 395.67 314.15 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 447.59 314.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 480.26 314.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 491.35 314.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 523.43 314.15 Td (valuation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 301.55 Td (risks ) Tj ET Q
q 0 0 0 rg BT 71.78 301.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 82.39 301.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 97.65 301.55 Td (table ) Tj ET Q
q 0 0 0 rg BT 120.50 301.55 Td (above ) Tj ET Q
q 0 0 0 rg BT 148.01 301.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 176.70 301.55 Td (result ) Tj ET Q
q 0 0 0 rg BT 202.47 301.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 213.08 301.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 220.18 301.55 Td ($12.3 ) Tj ET Q
q 0 0 0 rg BT 246.25 301.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 279.02 301.55 Td (increase ) Tj ET Q
q 0 0 0 rg BT 315.86 301.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 327.04 301.55 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 365.62 301.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 376.23 301.55 Td (pre-tax ) Tj ET Q
q 0 0 0 rg BT 408.40 301.55 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 446.41 301.55 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 496.67 301.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 507.28 301.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 531.29 301.55 Td (Mason, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.95 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 68.16 288.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 79.53 288.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 90.90 288.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 120.93 288.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 136.68 288.95 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.77 263.75 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 100.33 263.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 115.10 263.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 137.44 263.75 Td (entered ) Tj ET Q
q 0 0 0 rg BT 170.86 263.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 189.72 263.75 Td (various ) Tj ET Q
q 0 0 0 rg BT 223.15 263.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 244.33 263.75 Td (return ) Tj ET Q
q 0 0 0 rg BT 271.93 263.75 Td (swap ) Tj ET Q
q 0 0 0 rg BT 296.03 263.75 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 355.11 263.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 376.30 263.75 Td (respect ) Tj ET Q
q 0 0 0 rg BT 408.56 263.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 419.25 263.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 450.33 263.75 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 475.61 263.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 493.88 263.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 508.64 263.75 Td (sponsor ) Tj ET Q
q 0 0 0 rg BT 543.83 263.75 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 251.15 Td (notional ) Tj ET Q
q 0 0 0 rg BT 86.85 251.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 125.37 251.15 Td (totaling ) Tj ET Q
q 0 0 0 rg BT 160.38 251.15 Td ($14.2 ) Tj ET Q
q 0 0 0 rg BT 186.94 251.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 220.21 251.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 231.90 251.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 243.58 251.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 273.92 251.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 289.98 251.15 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 316.54 251.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 319.47 251.15 Td (Under ) Tj ET Q
q 0 0 0 rg BT 348.65 251.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.41 251.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 390.67 251.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.36 251.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 424.52 251.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 446.12 251.15 Td (return ) Tj ET Q
q 0 0 0 rg BT 474.13 251.15 Td (swap, ) Tj ET Q
q 0 0 0 rg BT 501.27 251.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 516.45 251.15 Td (receive ) Tj ET Q
q 0 0 0 rg BT 549.69 251.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 238.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 80.66 238.55 Td (gains ) Tj ET Q
q 0 0 0 rg BT 105.42 238.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.18 238.55 Td (losses ) Tj ET Q
q 0 0 0 rg BT 150.86 238.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 163.96 238.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.38 238.55 Td (investors' ) Tj ET Q
q 0 0 0 rg BT 221.79 238.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 269.88 238.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 298.71 238.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 310.06 238.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.48 238.55 Td (ETFs, ) Tj ET Q
q 0 0 0 rg BT 353.46 238.55 Td (however) Tj ET Q
q 0 0 0 rg BT 389.19 238.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 394.41 238.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 409.25 238.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 431.67 238.55 Td (executed ) Tj ET Q
q 0 0 0 rg BT 471.58 238.55 Td (futures ) Tj ET Q
q 0 0 0 rg BT 503.33 238.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 543.83 238.55 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.95 Td (notional ) Tj ET Q
q 0 0 0 rg BT 86.59 225.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 124.86 225.95 Td (totaling ) Tj ET Q
q 0 0 0 rg BT 159.62 225.95 Td ($6.1 ) Tj ET Q
q 0 0 0 rg BT 180.68 225.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 213.70 225.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 224.55 225.95 Td (limit ) Tj ET Q
q 0 0 0 rg BT 247.06 225.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 278.90 225.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 297.33 225.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 328.58 225.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 339.43 225.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.94 225.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 376.28 225.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 404.03 225.95 Td (swaps. ) Tj ET Q
q 0 0 0 rg BT 435.01 225.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 437.10 225.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 451.45 225.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 458.79 225.95 Td (result, ) Tj ET Q
q 0 0 0 rg BT 487.42 225.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 494.77 225.95 Td (10% ) Tj ET Q
q 0 0 0 rg BT 516.69 225.95 Td (increase ) Tj ET Q
q 0 0 0 rg BT 553.77 225.95 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 213.35 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 89.02 213.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 100.57 213.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 116.78 213.35 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 165.65 213.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 195.28 213.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.41 213.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.62 213.35 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 249.75 213.35 Td (would ) Tj ET Q
q 0 0 0 rg BT 279.39 213.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 306.10 213.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 317.65 213.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 330.94 213.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 376.31 213.35 Td ($0.8 ) Tj ET Q
q 0 0 0 rg BT 398.07 213.35 Td (million ) Tj ET Q
q 0 0 0 rg BT 431.79 213.35 Td (increase ) Tj ET Q
q 0 0 0 rg BT 469.56 213.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 481.69 213.35 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 521.21 213.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 532.76 213.35 Td (pre-tax ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.75 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 87.70 200.75 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 138.14 200.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 148.93 200.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 173.13 200.75 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 206.96 200.75 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 225.62 200.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 236.99 200.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.36 200.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 278.39 200.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 294.14 200.75 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 175.55 Td (Also, ) Tj ET Q
q 0 0 0 rg BT 74.60 175.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 85.98 175.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 97.36 175.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 127.40 175.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 143.15 175.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 166.79 175.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 184.58 175.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 210.84 175.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 232.13 175.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 249.93 175.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 271.22 175.55 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 321.67 175.55 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.46 175.55 Td ($594.5 ) Tj ET Q
q 0 0 0 rg BT 391.97 175.55 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.31 175.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 424.94 175.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 442.74 175.55 Td ($556.2 ) Tj ET Q
q 0 0 0 rg BT 474.25 175.55 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.58 175.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 509.84 175.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.89 175.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 162.95 Td (money ) Tj ET Q
q 0 0 0 rg BT 92.07 162.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 123.85 162.95 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 152.44 162.95 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 138.35 Td (For) Tj ET Q
q 0 0 0 rg BT 65.63 138.35 Td (eign ) Tj ET Q
q 0 0 0 rg BT 86.93 138.35 Td (Exchange ) Tj ET Q
q 0 0 0 rg BT 133.31 138.35 Td (Sensitivity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 125.75 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 125.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 66.54 125.75 Td (operate ) Tj ET Q
q 0 0 0 rg BT 100.74 125.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 143.12 125.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 154.60 125.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 170.73 125.75 Td (U.S., ) Tj ET Q
q 0 0 0 rg BT 195.34 125.75 Td (but ) Tj ET Q
q 0 0 0 rg BT 212.06 125.75 Td (provide ) Tj ET Q
q 0 0 0 rg BT 247.44 125.75 Td (services, ) Tj ET Q
q 0 0 0 rg BT 287.19 125.75 Td (earn ) Tj ET Q
q 0 0 0 rg BT 308.57 125.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 349.19 125.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 367.66 125.75 Td (incur ) Tj ET Q
q 0 0 0 rg BT 392.54 125.75 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 433.75 125.75 Td (outside ) Tj ET Q
q 0 0 0 rg BT 467.39 125.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 483.53 125.75 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 505.51 125.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 508.08 125.75 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 559.89 125.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 113.15 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 101.58 113.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 112.25 113.15 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 145.07 113.15 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 187.22 113.15 Td (rates ) Tj ET Q
q 0 0 0 rg BT 209.54 113.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 224.29 113.15 Td (currencies, ) Tj ET Q
q 0 0 0 rg BT 272.56 113.15 Td (principally ) Tj ET Q
q 0 0 0 rg BT 320.55 113.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 330.67 113.15 Td (Australia, ) Tj ET Q
q 0 0 0 rg BT 374.29 113.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 389.62 113.15 Td (U.K., ) Tj ET Q
q 0 0 0 rg BT 415.16 113.15 Td (Brazil, ) Tj ET Q
q 0 0 0 rg BT 445.95 113.15 Td (Singapore, ) Tj ET Q
q 0 0 0 rg BT 493.65 113.15 Td (Japan, ) Tj ET Q
q 0 0 0 rg BT 522.69 113.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 540.35 113.15 Td (those ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 100.55 Td (denominated ) Tj ET Q
q 0 0 0 rg BT 105.85 100.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 116.13 100.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 131.07 100.55 Td (euro ) Tj ET Q
q 0 0 0 rg BT 151.84 100.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 172.03 100.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 202.72 100.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 218.37 100.55 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 247.61 100.55 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 289.66 100.55 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 332.30 100.55 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 397.98 100.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 431.00 100.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.27 100.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 463.21 100.55 Td (income. ) Tj ET Q
q 0 0 0 rg BT 498.86 100.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 500.82 100.55 Td (W) Tj ET Q
q 0 0 0 rg BT 509.89 100.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 516.67 100.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 533.94 100.55 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 87.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.04 87.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 77.83 87.95 Td (af) Tj ET Q
q 0 0 0 rg BT 85.80 87.95 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 117.17 87.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 139.79 87.95 Td (entered ) Tj ET Q
q 0 0 0 rg BT 173.48 87.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 192.61 87.95 Td (forward ) Tj ET Q
q 0 0 0 rg BT 228.64 87.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 269.33 87.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 280.30 87.95 Td (manage ) Tj ET Q
q 0 0 0 rg BT 315.74 87.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 323.20 87.95 Td (portion ) Tj ET Q
q 0 0 0 rg BT 356.32 87.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 367.87 87.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.49 87.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 414.86 87.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 426.40 87.95 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 478.77 87.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 489.73 87.95 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 522.85 87.95 Td (exchange ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 75.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 72.65 75.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 86.48 75.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 109.05 75.35 Td (results ) Tj ET Q
q 0 0 0 rg BT 139.79 75.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 151.86 75.35 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 201.32 75.35 Td (W) Tj ET Q
q 0 0 0 rg BT 210.39 75.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 218.37 75.35 Td (do ) Tj ET Q
q 0 0 0 rg BT 232.20 75.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 248.95 75.35 Td (expect ) Tj ET Q
q 0 0 0 rg BT 279.67 75.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 313.32 75.35 Td (currency ) Tj ET Q
q 0 0 0 rg BT 353.38 75.35 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 406.28 75.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 417.77 75.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 440.92 75.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 448.91 75.35 Td (material ) Tj ET Q
q 0 0 0 rg BT 486.64 75.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 518.54 75.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 532.36 75.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 549.69 75.35 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 62.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 83.03 62.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 94.40 62.75 Td (liquidity) Tj ET Q
q 0 0 0 rg BT 129.31 62.75 Td (.) Tj ET Q
endstream
endobj
143 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 144 0 R>>
endobj
144 0 obj
<</Length 39825>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (69) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Inter) Tj ET Q
q 0 0 0 rg BT 72.05 741.90 Td (est ) Tj ET Q
q 0 0 0 rg BT 86.92 741.90 Td (Rate ) Tj ET Q
q 0 0 0 rg BT 110.54 741.90 Td (Risk) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.45 729.30 Td (exposure ) Tj ET Q
q 0 0 0 rg BT 108.98 729.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 119.78 729.30 Td (interest ) Tj ET Q
q 0 0 0 rg BT 153.31 729.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 171.67 729.30 Td (changes ) Tj ET Q
q 0 0 0 rg BT 208.11 729.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 217.74 729.30 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 273.45 729.30 Td (mitigated ) Tj ET Q
q 0 0 0 rg BT 315.73 729.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 327.10 729.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 343.72 729.30 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 395.35 729.30 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 439.38 729.30 Td (debt ) Tj ET Q
q 0 0 0 rg BT 460.08 729.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 469.71 729.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 479.92 729.30 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 504.12 729.30 Td (interest ) Tj ET Q
q 0 0 0 rg BT 537.65 729.30 Td (rates. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 704.10 Td (Note�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.32 704.10 Td (6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.57 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.20 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.57 704.10 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 136.69 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 147.48 704.10 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 205.52 704.10 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 247.22 704.10 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 295.92 704.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 310.79 704.10 Td (additional ) Tj ET Q
q 0 0 0 rg BT 355.41 704.10 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 401.79 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 413.16 704.10 Td (debt.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (Effects ) Tj ET Q
q 0 0 0 rg BT 83.03 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.40 678.90 Td (Inflation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.41 666.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 84.73 666.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 95.06 666.30 Td (inflation ) Tj ET Q
q 0 0 0 rg BT 132.22 666.30 Td (can ) Tj ET Q
q 0 0 0 rg BT 148.38 666.30 Td (directly ) Tj ET Q
q 0 0 0 rg BT 182.03 666.30 Td (af) Tj ET Q
q 0 0 0 rg BT 190.00 666.30 Td (fect ) Tj ET Q
q 0 0 0 rg BT 207.32 666.30 Td (various ) Tj ET Q
q 0 0 0 rg BT 239.82 666.30 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 281.93 666.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 323.18 666.30 Td (employee ) Tj ET Q
q 0 0 0 rg BT 365.58 666.30 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 428.11 666.30 Td (communications ) Tj ET Q
q 0 0 0 rg BT 499.10 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 515.84 666.30 Td (technology ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.89 653.70 Td (occupancy) Tj ET Q
q 0 0 0 rg BT 111.10 653.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 115.95 653.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 143.84 653.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 164.15 653.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 179.80 653.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 191.94 653.70 Td (readily ) Tj ET Q
q 0 0 0 rg BT 223.32 653.70 Td (recoverable ) Tj ET Q
q 0 0 0 rg BT 274.51 653.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 284.91 653.70 Td (char) Tj ET Q
q 0 0 0 rg BT 302.79 653.70 Td (ges ) Tj ET Q
q 0 0 0 rg BT 319.01 653.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 333.49 653.70 Td (services ) Tj ET Q
q 0 0 0 rg BT 369.53 653.70 Td (provided ) Tj ET Q
q 0 0 0 rg BT 409.09 653.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 421.82 653.70 Td (us. ) Tj ET Q
q 0 0 0 rg BT 436.01 653.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 438.24 653.70 Td (Further) Tj ET Q
q 0 0 0 rg BT 468.73 653.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 473.58 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 483.98 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 499.03 653.70 Td (extent ) Tj ET Q
q 0 0 0 rg BT 526.92 653.70 Td (inflation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 92.99 641.10 Td (af) Tj ET Q
q 0 0 0 rg BT 100.96 641.10 Td (fects ) Tj ET Q
q 0 0 0 rg BT 124.04 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 140.13 641.10 Td (securities ) Tj ET Q
q 0 0 0 rg BT 183.05 641.10 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 222.17 641.10 Td (it ) Tj ET Q
q 0 0 0 rg BT 231.27 641.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 252.61 641.10 Td (impact ) Tj ET Q
q 0 0 0 rg BT 284.44 641.10 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 325.02 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 343.44 641.10 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 383.42 641.10 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 428.68 641.10 Td (asset ) Tj ET Q
q 0 0 0 rg BT 452.35 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 470.77 641.10 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 511.37 641.10 Td (values. ) Tj ET Q
q 0 0 0 rg BT 544.08 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 547.34 641.10 Td (See ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 96.46 628.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.42 628.50 Td ("Market ) Tj ET Q
q 0 0 0 rg BT 146.23 628.50 Td (Risk�� ) Tj ET Q
q 0 0 0 rg BT 181.82 628.50 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 225.85 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 244.22 628.50 Td (Net ) Tj ET Q
q 0 0 0 rg BT 262.58 628.50 Td (Income ) Tj ET Q
q 0 0 0 rg BT 297.28 628.50 Td (\(Loss\)" ) Tj ET Q
q 0 0 0 rg BT 331.60 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 349.97 628.50 Td ("Critical ) Tj ET Q
q 0 0 0 rg BT 388.24 628.50 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 440.44 628.50 Td (Policies�� ) Tj ET Q
q 0 0 0 rg BT 490.02 628.50 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 535.09 628.50 Td (Assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 615.90 Td (Goodwill" ) Tj ET Q
q 0 0 0 rg BT 113.87 615.90 Td (previously ) Tj ET Q
q 0 0 0 rg BT 160.82 615.90 Td (discussed.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (CRITICAL) Tj ET Q
q 0 0 0 rg BT 101.43 590.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.48 590.70 Td (ACCOUNTING ) Tj ET Q
q 0 0 0 rg BT 179.03 590.70 Td (POLICIES ) Tj ET Q
q 0 0 0 rg BT 231.26 590.70 Td (AND ) Tj ET Q
q 0 0 0 rg BT 256.63 590.70 Td (ESTIMA) Tj ET Q
q 0 0 0 rg BT 297.28 590.70 Td (TES) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 99.99 578.10 Td (policies ) Tj ET Q
q 0 0 0 rg BT 134.15 578.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 148.47 578.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 159.89 578.10 Td (integral ) Tj ET Q
q 0 0 0 rg BT 193.46 578.10 Td (part ) Tj ET Q
q 0 0 0 rg BT 211.29 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 221.54 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 235.87 578.10 Td (preparation ) Tj ET Q
q 0 0 0 rg BT 285.18 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 295.43 578.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 310.93 578.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 349.16 578.10 Td (statements ) Tj ET Q
q 0 0 0 rg BT 394.99 578.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 404.66 578.10 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 453.37 578.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 473.54 578.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 521.11 578.10 Td (principles ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (generally ) Tj ET Q
q 0 0 0 rg BT 90.64 565.50 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 129.43 565.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 139.68 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.58 565.50 Td (United ) Tj ET Q
q 0 0 0 rg BT 185.23 565.50 Td (States ) Tj ET Q
q 0 0 0 rg BT 212.39 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 222.76 565.50 Td (America. ) Tj ET Q
q 0 0 0 rg BT 263.60 565.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 265.68 565.50 Td (Understanding ) Tj ET Q
q 0 0 0 rg BT 329.58 565.50 Td (these ) Tj ET Q
q 0 0 0 rg BT 353.23 565.50 Td (policies, ) Tj ET Q
q 0 0 0 rg BT 390.59 565.50 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 433.18 565.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 442.25 565.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 448.99 565.50 Td (key ) Tj ET Q
q 0 0 0 rg BT 466.23 565.50 Td (factor ) Tj ET Q
q 0 0 0 rg BT 492.78 565.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 503.03 565.50 Td (understanding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 66.47 552.90 Td (reported ) Tj ET Q
q 0 0 0 rg BT 104.42 552.90 Td (results ) Tj ET Q
q 0 0 0 rg BT 134.80 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 146.52 552.90 Td (operations ) Tj ET Q
q 0 0 0 rg BT 193.22 552.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 211.35 552.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 251.05 552.90 Td (position. ) Tj ET Q
q 0 0 0 rg BT 290.48 552.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 293.45 552.90 Td (See ) Tj ET Q
q 0 0 0 rg BT 311.58 552.90 Td (Note�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.62 552.90 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 339.87 552.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 342.84 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.55 552.90 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 382.02 552.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 393.16 552.90 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 451.54 552.90 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 493.58 552.90 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 542.63 552.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 557.84 552.90 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 96.29 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.06 540.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 125.09 540.30 Td (significant ) Tj ET Q
q 0 0 0 rg BT 172.45 540.30 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 221.55 540.30 Td (policies ) Tj ET Q
q 0 0 0 rg BT 257.24 540.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 275.43 540.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 300.03 540.30 Td (information. ) Tj ET Q
q 0 0 0 rg BT 355.26 540.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 358.30 540.30 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 392.23 540.30 Td (critical ) Tj ET Q
q 0 0 0 rg BT 424.41 540.30 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 473.51 540.30 Td (policies ) Tj ET Q
q 0 0 0 rg BT 509.20 540.30 Td (require ) Tj ET Q
q 0 0 0 rg BT 541.97 540.30 Td (us ) Tj ET Q
q 0 0 0 rg BT 554.33 540.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (make ) Tj ET Q
q 0 0 0 rg BT 74.33 527.70 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 115.50 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 132.75 527.70 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 186.77 527.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 204.61 527.70 Td (af) Tj ET Q
q 0 0 0 rg BT 212.58 527.70 Td (fect ) Tj ET Q
q 0 0 0 rg BT 230.40 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 245.33 527.70 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 283.00 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 293.84 527.70 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 323.06 527.70 Td (liabilities, ) Tj ET Q
q 0 0 0 rg BT 366.86 527.70 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 406.26 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 423.52 527.70 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 463.52 527.70 Td (reported ) Tj ET Q
q 0 0 0 rg BT 500.59 527.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 510.85 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.77 527.70 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 98.92 515.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 101.39 515.10 Td (Due ) Tj ET Q
q 0 0 0 rg BT 121.35 515.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 131.99 515.10 Td (their ) Tj ET Q
q 0 0 0 rg BT 153.70 515.10 Td (nature, ) Tj ET Q
q 0 0 0 rg BT 185.03 515.10 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 226.58 515.10 Td (involve ) Tj ET Q
q 0 0 0 rg BT 260.54 515.10 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 302.67 515.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 329.05 515.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 352.52 515.10 Td (available ) Tj ET Q
q 0 0 0 rg BT 392.89 515.10 Td (information. ) Tj ET Q
q 0 0 0 rg BT 447.55 515.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 449.85 515.10 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 496.33 515.10 Td (actual ) Tj ET Q
q 0 0 0 rg BT 523.86 515.10 Td (results ) Tj ET Q
q 0 0 0 rg BT 553.75 515.10 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 86.86 502.50 Td (could ) Tj ET Q
q 0 0 0 rg BT 111.97 502.50 Td (dif) Tj ET Q
q 0 0 0 rg BT 123.45 502.50 Td (fer ) Tj ET Q
q 0 0 0 rg BT 136.88 502.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 159.07 502.50 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 199.93 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.87 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.47 502.50 Td (dif) Tj ET Q
q 0 0 0 rg BT 242.95 502.50 Td (ference ) Tj ET Q
q 0 0 0 rg BT 275.62 502.50 Td (could ) Tj ET Q
q 0 0 0 rg BT 300.72 502.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 322.33 502.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 328.77 502.50 Td (material ) Tj ET Q
q 0 0 0 rg BT 364.94 502.50 Td (impact ) Tj ET Q
q 0 0 0 rg BT 395.30 502.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 407.58 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 422.19 502.50 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 477.04 502.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 515.55 502.50 Td (statements.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 477.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.86 477.30 Td (consider ) Tj ET Q
q 0 0 0 rg BT 104.05 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.51 477.30 Td (following ) Tj ET Q
q 0 0 0 rg BT 162.96 477.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 173.75 477.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 186.29 477.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 202.91 477.30 Td (critical ) Tj ET Q
q 0 0 0 rg BT 234.69 477.30 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 283.38 477.30 Td (policies ) Tj ET Q
q 0 0 0 rg BT 318.66 477.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 337.03 477.30 Td (involve ) Tj ET Q
q 0 0 0 rg BT 371.15 477.30 Td (significant ) Tj ET Q
q 0 0 0 rg BT 418.10 477.30 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 459.80 477.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 471.17 477.30 Td (judgments. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (Consolidation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.23 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 77.04 439.50 Td (normal ) Tj ET Q
q 0 0 0 rg BT 109.76 439.50 Td (course ) Tj ET Q
q 0 0 0 rg BT 140.15 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 151.88 439.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 168.85 439.50 Td (business, ) Tj ET Q
q 0 0 0 rg BT 210.05 439.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 225.27 439.50 Td (sponsor ) Tj ET Q
q 0 0 0 rg BT 260.92 439.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 279.06 439.50 Td (manage ) Tj ET Q
q 0 0 0 rg BT 314.70 439.50 Td (various ) Tj ET Q
q 0 0 0 rg BT 348.59 439.50 Td (types ) Tj ET Q
q 0 0 0 rg BT 373.73 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.46 439.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 434.52 439.50 Td (products. ) Tj ET Q
q 0 0 0 rg BT 476.29 439.50 Td (For ) Tj ET Q
q 0 0 0 rg BT 493.86 439.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 510.83 439.50 Td (services, ) Tj ET Q
q 0 0 0 rg BT 550.26 439.50 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.72 426.90 Td (entitled ) Tj ET Q
q 0 0 0 rg BT 98.61 426.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 109.17 426.90 Td (receive ) Tj ET Q
q 0 0 0 rg BT 141.88 426.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 197.93 426.90 Td (fees ) Tj ET Q
q 0 0 0 rg BT 217.23 426.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 234.79 426.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 255.27 426.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 267.58 426.90 Td (eligible, ) Tj ET Q
q 0 0 0 rg BT 304.09 426.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 330.40 426.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 361.36 426.90 Td (circumstances, ) Tj ET Q
q 0 0 0 rg BT 425.86 426.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 436.43 426.90 Td (receive ) Tj ET Q
q 0 0 0 rg BT 469.13 426.90 Td (additional ) Tj ET Q
q 0 0 0 rg BT 513.52 426.90 Td (subordinate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (management ) Tj ET Q
q 0 0 0 rg BT 105.48 414.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 124.73 414.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 135.81 414.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 159.73 414.30 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 200.55 414.30 Td (fees. ) Tj ET Q
q 0 0 0 rg BT 222.42 414.30 Td (Our ) Tj ET Q
q 0 0 0 rg BT 241.09 414.30 Td (exposure ) Tj ET Q
q 0 0 0 rg BT 281.33 414.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 291.84 414.30 Td (risk ) Tj ET Q
q 0 0 0 rg BT 309.93 414.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 320.44 414.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 344.35 414.30 Td (entities ) Tj ET Q
q 0 0 0 rg BT 377.02 414.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 386.36 414.30 Td (generally ) Tj ET Q
q 0 0 0 rg BT 427.76 414.30 Td (limited ) Tj ET Q
q 0 0 0 rg BT 459.85 414.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 470.36 414.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 487.86 414.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 516.44 414.30 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 63.93 401.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 85.93 401.70 Td (made ) Tj ET Q
q 0 0 0 rg BT 110.85 401.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 121.78 401.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 136.78 401.70 Td (required ) Tj ET Q
q 0 0 0 rg BT 173.94 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 184.29 401.70 Td (make, ) Tj ET Q
q 0 0 0 rg BT 211.83 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 229.18 401.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 246.52 401.70 Td (earned ) Tj ET Q
q 0 0 0 rg BT 276.68 401.70 Td (but ) Tj ET Q
q 0 0 0 rg BT 292.28 401.70 Td (uncollected ) Tj ET Q
q 0 0 0 rg BT 342.85 401.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 398.68 401.70 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 420.39 401.70 Td (except ) Tj ET Q
q 0 0 0 rg BT 449.97 401.70 Td (those ) Tj ET Q
q 0 0 0 rg BT 474.32 401.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 488.74 401.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 516.59 401.70 Td (total ) Tj ET Q
q 0 0 0 rg BT 537.43 401.70 Td (return ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (swap ) Tj ET Q
q 0 0 0 rg BT 73.29 389.10 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 132.06 389.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 154.10 389.10 Td (been ) Tj ET Q
q 0 0 0 rg BT 176.13 389.10 Td (executed, ) Tj ET Q
q 0 0 0 rg BT 218.28 389.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 232.74 389.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 260.61 389.10 Td (additional ) Tj ET Q
q 0 0 0 rg BT 304.82 389.10 Td (risks ) Tj ET Q
q 0 0 0 rg BT 326.87 389.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 341.90 389.10 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 384.36 389.10 Td (below) Tj ET Q
q 0 0 0 rg BT 409.34 389.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 414.18 389.10 Td (Uncollected ) Tj ET Q
q 0 0 0 rg BT 467.12 389.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 522.98 389.10 Td (fees ) Tj ET Q
q 0 0 0 rg BT 542.10 389.10 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (managed ) Tj ET Q
q 0 0 0 rg BT 90.75 376.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 140.18 376.50 Td (products ) Tj ET Q
q 0 0 0 rg BT 179.69 376.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 203.45 376.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 220.21 376.50 Td (material ) Tj ET Q
q 0 0 0 rg BT 257.96 376.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 270.06 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 282.16 376.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 312.92 376.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 329.39 376.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 356.37 376.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 371.97 376.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 395.14 376.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 411.91 376.50 Td (issued ) Tj ET Q
q 0 0 0 rg BT 441.51 376.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 460.02 376.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 509.45 376.50 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (guarantees ) Tj ET Q
q 0 0 0 rg BT 97.08 363.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 107.94 363.90 Td (these ) Tj ET Q
q 0 0 0 rg BT 132.20 363.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 180.97 363.90 Td (products ) Tj ET Q
q 0 0 0 rg BT 219.81 363.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 231.25 363.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 253.18 363.90 Td (investors, ) Tj ET Q
q 0 0 0 rg BT 296.41 363.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 314.26 363.90 Td (we ) Tj ET Q
q 0 0 0 rg BT 329.19 363.90 Td (did ) Tj ET Q
q 0 0 0 rg BT 345.29 363.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 361.40 363.90 Td (sell ) Tj ET Q
q 0 0 0 rg BT 378.67 363.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 390.10 363.90 Td (transfer ) Tj ET Q
q 0 0 0 rg BT 424.86 363.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 452.04 363.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 462.90 363.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 480.75 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 492.18 363.90 Td (these ) Tj ET Q
q 0 0 0 rg BT 516.44 363.90 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (products. ) Tj ET Q
q 0 0 0 rg BT 90.88 351.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 93.47 351.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 104.81 351.30 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 154.61 351.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 175.87 351.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 215.19 351.30 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 263.85 351.30 Td (standards, ) Tj ET Q
q 0 0 0 rg BT 308.73 351.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 323.56 351.30 Td (consolidate ) Tj ET Q
q 0 0 0 rg BT 373.97 351.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 405.13 351.30 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 450.30 351.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 498.97 351.30 Td (products, ) Tj ET Q
q 0 0 0 rg BT 540.35 351.30 Td (some ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.12 338.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 89.65 338.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 105.33 338.70 Td (designated ) Tj ET Q
q 0 0 0 rg BT 153.10 338.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 164.72 338.70 Td (CIVs. ) Tj ET Q
q 0 0 0 rg BT 192.38 338.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 195.04 338.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 214.24 338.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 253.84 338.70 Td (information ) Tj ET Q
q 0 0 0 rg BT 306.28 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 317.89 338.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 349.33 338.70 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 405.27 338.70 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 430.30 338.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 440.18 338.70 Td (included ) Tj ET Q
q 0 0 0 rg BT 479.20 338.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 490.24 338.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 507.10 338.70 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.10 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 91.20 326.10 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 139.90 326.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 153.03 326.10 Td (a�three-month ) Tj ET Q
q 0 0 0 rg BT 214.25 326.10 Td (lag ) Tj ET Q
q 0 0 0 rg BT 229.71 326.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 256.24 326.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 279.87 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 295.32 326.10 Td (availability ) Tj ET Q
q 0 0 0 rg BT 345.18 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 356.55 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 372.01 326.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 420.71 326.10 Td (product's ) Tj ET Q
q 0 0 0 rg BT 461.39 326.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 500.74 326.10 Td (information.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 82.05 300.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 129.77 300.90 Td (products ) Tj ET Q
q 0 0 0 rg BT 167.57 300.90 Td (we ) Tj ET Q
q 0 0 0 rg BT 181.46 300.90 Td (sponsor ) Tj ET Q
q 0 0 0 rg BT 215.77 300.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 232.57 300.90 Td (manage ) Tj ET Q
q 0 0 0 rg BT 266.86 300.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 281.32 300.90 Td (considered ) Tj ET Q
q 0 0 0 rg BT 328.45 300.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 338.26 300.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 349.81 300.90 Td (variable ) Tj ET Q
q 0 0 0 rg BT 385.27 300.90 Td (interest ) Tj ET Q
q 0 0 0 rg BT 417.81 300.90 Td (entities ) Tj ET Q
q 0 0 0 rg BT 449.78 300.90 Td (\("VIEs"\) ) Tj ET Q
q 0 0 0 rg BT 488.57 300.90 Td (\(further ) Tj ET Q
q 0 0 0 rg BT 522.28 300.90 Td (described ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.30 Td (below\) ) Tj ET Q
q 0 0 0 rg BT 81.01 288.30 Td (while ) Tj ET Q
q 0 0 0 rg BT 106.70 288.30 Td (others ) Tj ET Q
q 0 0 0 rg BT 134.72 288.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 149.89 288.30 Td (considered ) Tj ET Q
q 0 0 0 rg BT 197.73 288.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 208.26 288.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 220.52 288.30 Td (voting ) Tj ET Q
q 0 0 0 rg BT 249.72 288.30 Td (rights ) Tj ET Q
q 0 0 0 rg BT 275.99 288.30 Td (entities ) Tj ET Q
q 0 0 0 rg BT 308.68 288.30 Td (\(�VREs�\) ) Tj ET Q
q 0 0 0 rg BT 352.43 288.30 Td (subject ) Tj ET Q
q 0 0 0 rg BT 384.53 288.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 395.06 288.30 Td (traditional ) Tj ET Q
q 0 0 0 rg BT 440.57 288.30 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 499.50 288.30 Td (concepts ) Tj ET Q
q 0 0 0 rg BT 538.60 288.30 Td (based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.21 275.70 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 108.16 275.70 Td (rights. ) Tj ET Q
q 0 0 0 rg BT 136.75 275.70 Td (W) Tj ET Q
q 0 0 0 rg BT 145.82 275.70 Td (e ) Tj ET Q
q 0 0 0 rg BT 152.69 275.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 172.97 275.70 Td (fund ) Tj ET Q
q 0 0 0 rg BT 194.43 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.46 275.70 Td (initial ) Tj ET Q
q 0 0 0 rg BT 236.17 275.70 Td (cash ) Tj ET Q
q 0 0 0 rg BT 257.03 275.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 305.31 275.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 315.69 275.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 346.30 275.70 Td (VRE ) Tj ET Q
q 0 0 0 rg BT 369.51 275.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 417.79 275.70 Td (products ) Tj ET Q
q 0 0 0 rg BT 456.16 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 466.54 275.70 Td (generate ) Tj ET Q
q 0 0 0 rg BT 504.30 275.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 516.42 275.70 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.69 263.10 Td (track ) Tj ET Q
q 0 0 0 rg BT 129.81 263.10 Td (record ) Tj ET Q
q 0 0 0 rg BT 159.76 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 171.07 263.10 Td (order ) Tj ET Q
q 0 0 0 rg BT 196.36 263.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 207.66 263.10 Td (attract ) Tj ET Q
q 0 0 0 rg BT 237.03 263.10 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 285.07 263.10 Td (investors ) Tj ET Q
q 0 0 0 rg BT 326.13 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 337.43 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.40 263.10 Td (product. ) Tj ET Q
q 0 0 0 rg BT 391.23 263.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 394.37 263.10 Td (Our ) Tj ET Q
q 0 0 0 rg BT 413.84 263.10 Td (initial ) Tj ET Q
q 0 0 0 rg BT 441.48 263.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 490.69 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 502.00 263.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 509.79 263.10 Td (new ) Tj ET Q
q 0 0 0 rg BT 530.43 263.10 Td (product ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.50 Td (typically ) Tj ET Q
q 0 0 0 rg BT 89.19 250.50 Td (represents ) Tj ET Q
q 0 0 0 rg BT 134.71 250.50 Td (100% ) Tj ET Q
q 0 0 0 rg BT 162.15 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 173.85 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.62 250.50 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 236.32 250.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 247.43 250.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 266.13 250.50 Td (product. ) Tj ET Q
q 0 0 0 rg BT 303.78 250.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 306.08 250.50 Td (As ) Tj ET Q
q 0 0 0 rg BT 320.70 250.50 Td (further ) Tj ET Q
q 0 0 0 rg BT 352.21 250.50 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 395.41 250.50 Td (below) Tj ET Q
q 0 0 0 rg BT 420.39 250.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 425.96 250.50 Td (these ) Tj ET Q
q 0 0 0 rg BT 450.49 250.50 Td (�seed ) Tj ET Q
q 0 0 0 rg BT 476.75 250.50 Td (capital ) Tj ET Q
q 0 0 0 rg BT 507.69 250.50 Td (investments� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 65.04 237.90 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 120.82 237.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 132.29 237.90 Td (long ) Tj ET Q
q 0 0 0 rg BT 153.67 237.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 165.14 237.90 Td (we ) Tj ET Q
q 0 0 0 rg BT 180.10 237.90 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 219.56 237.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 226.93 237.90 Td (controlling ) Tj ET Q
q 0 0 0 rg BT 275.73 237.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 315.18 237.90 Td (interest ) Tj ET Q
q 0 0 0 rg BT 348.80 237.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 359.69 237.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.23 237.90 Td (product, ) Tj ET Q
q 0 0 0 rg BT 412.65 237.90 Td (but ) Tj ET Q
q 0 0 0 rg BT 428.78 237.90 Td (they ) Tj ET Q
q 0 0 0 rg BT 449.58 237.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 465.11 237.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 481.25 237.90 Td (designated ) Tj ET Q
q 0 0 0 rg BT 528.87 237.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 540.33 237.90 Td (CIVs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (unless ) Tj ET Q
q 0 0 0 rg BT 78.38 225.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.83 225.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 142.53 225.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 152.16 225.30 Td (longer) Tj ET Q
q 0 0 0 rg BT 178.78 225.30 Td (-term. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (A) Tj ET Q
q 0 0 0 rg BT 56.50 200.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 59.30 200.10 Td (VIE ) Tj ET Q
q 0 0 0 rg BT 79.81 200.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 89.83 200.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 102.75 200.10 Td (entity ) Tj ET Q
q 0 0 0 rg BT 129.68 200.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 158.36 200.10 Td (does ) Tj ET Q
q 0 0 0 rg BT 180.62 200.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 197.05 200.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 219.89 200.10 Td (adequate ) Tj ET Q
q 0 0 0 rg BT 260.21 200.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 289.47 200.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 300.65 200.10 Td (finance ) Tj ET Q
q 0 0 0 rg BT 334.56 200.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 347.50 200.10 Td (activities ) Tj ET Q
q 0 0 0 rg BT 388.42 200.10 Td (without ) Tj ET Q
q 0 0 0 rg BT 423.52 200.10 Td (additional ) Tj ET Q
q 0 0 0 rg BT 468.53 200.10 Td (subordinated ) Tj ET Q
q 0 0 0 rg BT 525.78 200.10 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (support; ) Tj ET Q
q 0 0 0 rg BT 85.45 187.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 95.74 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 110.10 187.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 137.88 187.50 Td (investors, ) Tj ET Q
q 0 0 0 rg BT 179.96 187.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 190.24 187.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 196.44 187.50 Td (group, ) Tj ET Q
q 0 0 0 rg BT 225.09 187.50 Td (do ) Tj ET Q
q 0 0 0 rg BT 237.13 187.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 252.08 187.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 273.44 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 287.80 187.50 Td (normal ) Tj ET Q
q 0 0 0 rg BT 319.08 187.50 Td (characteristics ) Tj ET Q
q 0 0 0 rg BT 380.67 187.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 390.95 187.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 418.73 187.50 Td (investors ) Tj ET Q
q 0 0 0 rg BT 458.18 187.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 471.96 187.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 478.15 187.50 Td (potential ) Tj ET Q
q 0 0 0 rg BT 516.43 187.50 Td (controlling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.86 174.90 Td (interest. ) Tj ET Q
q 0 0 0 rg BT 125.01 174.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 127.45 174.90 Td (W) Tj ET Q
q 0 0 0 rg BT 136.52 174.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 143.80 174.90 Td (must ) Tj ET Q
q 0 0 0 rg BT 166.85 174.90 Td (consolidate ) Tj ET Q
q 0 0 0 rg BT 217.30 174.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 234.89 174.90 Td (VIE ) Tj ET Q
q 0 0 0 rg BT 255.01 174.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 269.88 174.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 298.17 174.90 Td (we ) Tj ET Q
q 0 0 0 rg BT 313.03 174.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 328.48 174.90 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 363.75 174.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 374.54 174.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 387.08 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.53 174.90 Td (primary ) Tj ET Q
q 0 0 0 rg BT 438.40 174.90 Td (beneficiary) Tj ET Q
q 0 0 0 rg BT 484.94 174.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (Under ) Tj ET Q
q 0 0 0 rg BT 78.86 149.70 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 138.55 149.70 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 187.73 149.70 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 231.37 149.70 Td (if ) Tj ET Q
q 0 0 0 rg BT 240.90 149.70 Td (limited ) Tj ET Q
q 0 0 0 rg BT 273.77 149.70 Td (partners ) Tj ET Q
q 0 0 0 rg BT 310.70 149.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 322.56 149.70 Td (similar ) Tj ET Q
q 0 0 0 rg BT 354.84 149.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 384.20 149.70 Td (holders ) Tj ET Q
q 0 0 0 rg BT 418.23 149.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 429.51 149.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 437.29 149.70 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 482.98 149.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 532.18 149.70 Td (vehicle ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (structured ) Tj ET Q
q 0 0 0 rg BT 94.33 137.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 105.92 137.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 113.43 137.10 Td (limited ) Tj ET Q
q 0 0 0 rg BT 146.02 137.10 Td (partnership ) Tj ET Q
q 0 0 0 rg BT 196.11 137.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 207.70 137.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 215.20 137.10 Td (similar ) Tj ET Q
q 0 0 0 rg BT 247.21 137.10 Td (entity ) Tj ET Q
q 0 0 0 rg BT 273.97 137.10 Td (do ) Tj ET Q
q 0 0 0 rg BT 287.32 137.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 303.58 137.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 326.25 137.10 Td (either ) Tj ET Q
q 0 0 0 rg BT 353.00 137.10 Td (substantive ) Tj ET Q
q 0 0 0 rg BT 403.09 137.10 Td (investor ) Tj ET Q
q 0 0 0 rg BT 439.76 137.10 Td (rights ) Tj ET Q
q 0 0 0 rg BT 466.53 137.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 477.54 137.10 Td (replace ) Tj ET Q
q 0 0 0 rg BT 510.69 137.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 526.37 137.10 Td (manager ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (\(kick-out ) Tj ET Q
q 0 0 0 rg BT 90.09 124.50 Td (rights\) ) Tj ET Q
q 0 0 0 rg BT 119.61 124.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 130.46 124.50 Td (substantive ) Tj ET Q
q 0 0 0 rg BT 179.80 124.50 Td (participation ) Tj ET Q
q 0 0 0 rg BT 234.97 124.50 Td (rights ) Tj ET Q
q 0 0 0 rg BT 260.99 124.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 281.75 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.68 124.50 Td (general ) Tj ET Q
q 0 0 0 rg BT 329.68 124.50 Td (partner) Tj ET Q
q 0 0 0 rg BT 358.99 124.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 363.72 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 378.65 124.50 Td (entities ) Tj ET Q
q 0 0 0 rg BT 411.08 124.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 425.85 124.50 Td (VIEs. ) Tj ET Q
q 0 0 0 rg BT 452.15 124.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 453.79 124.50 Td (As ) Tj ET Q
q 0 0 0 rg BT 467.56 124.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 474.33 124.50 Td (sponsor ) Tj ET Q
q 0 0 0 rg BT 509.10 124.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.36 124.50 Td (manager ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.55 111.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 72.76 111.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 121.14 111.90 Td (vehicle, ) Tj ET Q
q 0 0 0 rg BT 156.38 111.90 Td (we ) Tj ET Q
q 0 0 0 rg BT 170.92 111.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 191.30 111.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 203.51 111.90 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 238.46 111.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 245.43 111.90 Td (decision ) Tj ET Q
q 0 0 0 rg BT 282.72 111.90 Td (maker ) Tj ET Q
q 0 0 0 rg BT 311.26 111.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 337.46 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 352.59 111.90 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 400.96 111.90 Td (guidance. ) Tj ET Q
q 0 0 0 rg BT 443.79 111.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 446.09 111.90 Td (If ) Tj ET Q
q 0 0 0 rg BT 455.38 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.51 111.90 Td (fees ) Tj ET Q
q 0 0 0 rg BT 489.71 111.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 510.09 111.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 520.56 111.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 527.52 111.90 Td (decision ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (maker ) Tj ET Q
q 0 0 0 rg BT 78.53 99.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 94.15 99.30 Td (market-based, ) Tj ET Q
q 0 0 0 rg BT 156.13 99.30 Td (such ) Tj ET Q
q 0 0 0 rg BT 178.17 99.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 197.88 99.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 213.49 99.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 229.71 99.30 Td (considered ) Tj ET Q
q 0 0 0 rg BT 277.99 99.30 Td (variable ) Tj ET Q
q 0 0 0 rg BT 314.60 99.30 Td (interests ) Tj ET Q
q 0 0 0 rg BT 352.39 99.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 363.35 99.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 370.61 99.30 Td (VIE. ) Tj ET Q
q 0 0 0 rg BT 393.53 99.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 396.33 99.30 Td (Market-based ) Tj ET Q
q 0 0 0 rg BT 456.85 99.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 476.55 99.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 492.17 99.30 Td (those ) Tj ET Q
q 0 0 0 rg BT 517.13 99.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 536.83 99.30 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.65 86.70 Td (both ) Tj ET Q
q 0 0 0 rg BT 85.66 86.70 Td (customary ) Tj ET Q
q 0 0 0 rg BT 131.73 86.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 149.23 86.70 Td (commensurate ) Tj ET Q
q 0 0 0 rg BT 212.80 86.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 233.80 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 248.96 86.70 Td (level ) Tj ET Q
q 0 0 0 rg BT 271.71 86.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 282.79 86.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 290.76 86.70 Td (fort ) Tj ET Q
q 0 0 0 rg BT 308.25 86.70 Td (required ) Tj ET Q
q 0 0 0 rg BT 345.57 86.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 360.15 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.32 86.70 Td (services ) Tj ET Q
q 0 0 0 rg BT 411.47 86.70 Td (provided. ) Tj ET Q
q 0 0 0 rg BT 453.76 86.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 455.58 86.70 Td (Additionally) Tj ET Q
q 0 0 0 rg BT 507.98 86.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 512.94 86.70 Td (if ) Tj ET Q
q 0 0 0 rg BT 521.69 86.70 Td (employee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.10 Td (interests ) Tj ET Q
q 0 0 0 rg BT 87.08 74.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 97.83 74.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 105.07 74.10 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 150.23 74.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 198.89 74.10 Td (vehicle ) Tj ET Q
q 0 0 0 rg BT 231.79 74.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 247.19 74.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 263.19 74.10 Td (made ) Tj ET Q
q 0 0 0 rg BT 288.51 74.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 299.26 74.10 Td (circumvent ) Tj ET Q
q 0 0 0 rg BT 349.08 74.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.49 74.10 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 423.65 74.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 464.13 74.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 481.87 74.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 497.27 74.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 513.27 74.10 Td (financed ) Tj ET Q
q 0 0 0 rg BT 552.00 74.10 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 66.04 61.50 Td (sponsor) Tj ET Q
q 0 0 0 rg BT 98.29 61.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 104.62 61.50 Td (they ) Tj ET Q
q 0 0 0 rg BT 126.40 61.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 142.93 61.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 160.06 61.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 199.92 61.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 211.80 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 228.33 61.50 Td (variable ) Tj ET Q
q 0 0 0 rg BT 265.85 61.50 Td (interests ) Tj ET Q
q 0 0 0 rg BT 304.55 61.50 Td (assessment, ) Tj ET Q
q 0 0 0 rg BT 357.55 61.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 376.42 61.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 392.94 61.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 410.07 61.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 449.93 61.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 461.81 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 478.35 61.50 Td (primary ) Tj ET Q
q 0 0 0 rg BT 515.29 61.50 Td (beneficiary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.90 Td (determination.) Tj ET Q
endstream
endobj
145 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 146 0 R>>
endobj
146 0 obj
<</Length 40128>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (70) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (A) Tj ET Q
q 0 0 0 rg BT 56.50 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 58.56 729.15 Td (decision ) Tj ET Q
q 0 0 0 rg BT 95.60 729.15 Td (maker ) Tj ET Q
q 0 0 0 rg BT 123.89 729.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 132.95 729.15 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 167.65 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 177.87 729.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 189.84 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 196.55 729.15 Td (primary ) Tj ET Q
q 0 0 0 rg BT 231.84 729.15 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 281.12 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 291.92 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 298.48 729.15 Td (VIE ) Tj ET Q
q 0 0 0 rg BT 318.03 729.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 326.50 729.15 Td (it ) Tj ET Q
q 0 0 0 rg BT 334.38 729.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 350.43 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.31 729.15 Td (power ) Tj ET Q
q 0 0 0 rg BT 393.61 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 403.83 729.15 Td (direct ) Tj ET Q
q 0 0 0 rg BT 429.79 729.15 Td (activities ) Tj ET Q
q 0 0 0 rg BT 469.74 729.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 487.54 729.15 Td (most ) Tj ET Q
q 0 0 0 rg BT 510.02 729.15 Td (significantly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 80.60 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 95.96 716.55 Td (economic ) Tj ET Q
q 0 0 0 rg BT 139.31 716.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 194.88 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 206.16 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 221.33 716.55 Td (VIE ) Tj ET Q
q 0 0 0 rg BT 241.36 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 259.05 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.40 716.55 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 319.51 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 330.21 716.55 Td (absorb ) Tj ET Q
q 0 0 0 rg BT 360.73 716.55 Td (losses ) Tj ET Q
q 0 0 0 rg BT 388.35 716.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 399.62 716.55 Td (receive ) Tj ET Q
q 0 0 0 rg BT 432.46 716.55 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 468.23 716.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 491.17 716.55 Td (variable ) Tj ET Q
q 0 0 0 rg BT 527.51 716.55 Td (interests ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 68.46 703.95 Td (could ) Tj ET Q
q 0 0 0 rg BT 94.99 703.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 108.11 703.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 155.65 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 167.02 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 182.83 703.95 Td (VIE. ) Tj ET Q
q 0 0 0 rg BT 206.16 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 209.37 703.95 Td (In ) Tj ET Q
q 0 0 0 rg BT 221.32 703.95 Td (determining ) Tj ET Q
q 0 0 0 rg BT 275.27 703.95 Td (whether ) Tj ET Q
q 0 0 0 rg BT 312.30 703.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 327.75 703.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 343.78 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 359.82 703.95 Td (primary ) Tj ET Q
q 0 0 0 rg BT 396.26 703.95 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 446.69 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 458.65 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 466.29 703.95 Td (VIE, ) Tj ET Q
q 0 0 0 rg BT 489.62 703.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 505.07 703.95 Td (consider ) Tj ET Q
q 0 0 0 rg BT 543.85 703.95 Td (both ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (qualitative ) Tj ET Q
q 0 0 0 rg BT 96.43 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 114.21 691.35 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 166.39 691.35 Td (factors ) Tj ET Q
q 0 0 0 rg BT 197.57 691.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 219.43 691.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 230.79 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 246.23 691.35 Td (voting ) Tj ET Q
q 0 0 0 rg BT 275.68 691.35 Td (rights ) Tj ET Q
q 0 0 0 rg BT 302.21 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 313.57 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 329.01 691.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 357.87 691.35 Td (holders, ) Tj ET Q
q 0 0 0 rg BT 394.02 691.35 Td (guarantees, ) Tj ET Q
q 0 0 0 rg BT 444.15 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 461.93 691.35 Td (implied ) Tj ET Q
q 0 0 0 rg BT 496.62 691.35 Td (relationships. ) Tj ET Q
q 0 0 0 rg BT 555.52 691.35 Td (If ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.79 678.75 Td (fee ) Tj ET Q
q 0 0 0 rg BT 72.23 678.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 92.93 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 103.72 678.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 111.01 678.75 Td (decision ) Tj ET Q
q 0 0 0 rg BT 148.63 678.75 Td (maker ) Tj ET Q
q 0 0 0 rg BT 177.49 678.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 187.12 678.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 203.16 678.75 Td (market-based, ) Tj ET Q
q 0 0 0 rg BT 264.97 678.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 273.43 678.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 292.39 678.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 304.92 678.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 343.70 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 354.50 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.95 678.75 Td (primary ) Tj ET Q
q 0 0 0 rg BT 405.81 678.75 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 455.66 678.75 Td (determination. ) Tj ET Q
q 0 0 0 rg BT 519.22 678.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 653.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 64.92 653.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 86.43 653.55 Td (entered ) Tj ET Q
q 0 0 0 rg BT 119.01 653.55 Td (into ) Tj ET Q
q 0 0 0 rg BT 137.03 653.55 Td (various ) Tj ET Q
q 0 0 0 rg BT 169.63 653.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 189.98 653.55 Td (return ) Tj ET Q
q 0 0 0 rg BT 216.74 653.55 Td (swap ) Tj ET Q
q 0 0 0 rg BT 240.01 653.55 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 298.26 653.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 318.61 653.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 357.03 653.55 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 418.78 653.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 439.14 653.55 Td (respect ) Tj ET Q
q 0 0 0 rg BT 470.56 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 480.41 653.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 510.66 653.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.93 653.55 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 94.67 640.95 Td (ETFs. ) Tj ET Q
q 0 0 0 rg BT 122.64 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 125.22 640.95 Td (Under ) Tj ET Q
q 0 0 0 rg BT 154.05 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 169.47 640.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 195.38 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 206.72 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 222.13 640.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 243.39 640.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 271.04 640.95 Td (swaps, ) Tj ET Q
q 0 0 0 rg BT 301.92 640.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 316.76 640.95 Td (absorb ) Tj ET Q
q 0 0 0 rg BT 347.34 640.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 360.42 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.75 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.17 640.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 418.32 640.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 443.07 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 460.82 640.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 488.50 640.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 501.59 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.00 640.95 Td (underlying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 69.86 628.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 121.71 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.15 628.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 155.41 628.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 193.83 628.35 Td (intermediaries, ) Tj ET Q
q 0 0 0 rg BT 258.21 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 275.06 628.35 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 314.63 628.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 336.15 628.35 Td (variable ) Tj ET Q
q 0 0 0 rg BT 371.65 628.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 408.33 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 418.19 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 432.71 628.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 462.96 628.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 487.98 628.35 Td (and, ) Tj ET Q
q 0 0 0 rg BT 507.46 628.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 515.56 628.35 Td (significant, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 72.27 615.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 86.86 615.75 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 124.20 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.71 615.75 Td (primary ) Tj ET Q
q 0 0 0 rg BT 179.64 615.75 Td (beneficiary) Tj ET Q
q 0 0 0 rg BT 226.18 615.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 232.46 615.75 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 284.26 615.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 291.57 615.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 308.50 615.75 Td (consolidate ) Tj ET Q
q 0 0 0 rg BT 361.01 615.75 Td (ETF's ) Tj ET Q
q 0 0 0 rg BT 390.35 615.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 413.70 615.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 462.71 615.75 Td (open ) Tj ET Q
q 0 0 0 rg BT 487.81 615.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 511.16 615.75 Td (return ) Tj ET Q
q 0 0 0 rg BT 540.92 615.75 Td (swap ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (arrangements.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 577.95 Td (Notes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 94.41 577.95 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 99.66 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 102.28 577.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 120.07 577.95 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 130.57 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 133.19 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 144.57 577.95 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 171.69 577.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 182.48 577.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 240.52 577.95 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 282.22 577.95 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 330.92 577.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 345.79 577.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 390.41 577.95 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 436.79 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 448.16 577.95 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 472.95 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 490.74 577.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 514.75 577.95 Td (VIEs.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (Revenue ) Tj ET Q
q 0 0 0 rg BT 90.62 552.75 Td (Recognition) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (Ef) Tj ET Q
q 0 0 0 rg BT 59.22 540.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 89.69 540.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 114.29 540.15 Td (1, ) Tj ET Q
q 0 0 0 rg BT 124.61 540.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 150.68 540.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 165.36 540.15 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 201.04 540.15 Td (updated ) Tj ET Q
q 0 0 0 rg BT 236.72 540.15 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 285.23 540.15 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 325.57 540.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 338.52 540.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 374.19 540.15 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 424.45 540.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 437.39 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 444.49 540.15 Td (modified ) Tj ET Q
q 0 0 0 rg BT 484.85 540.15 Td (retrospective ) Tj ET Q
q 0 0 0 rg BT 541.51 540.15 Td (basis ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 65.06 527.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 83.55 527.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 124.77 527.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 143.83 527.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 167.55 527.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 184.29 527.55 Td (complete ) Tj ET Q
q 0 0 0 rg BT 226.10 527.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 238.17 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 250.23 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 265.65 527.55 Td (April ) Tj ET Q
q 0 0 0 rg BT 291.13 527.55 Td (1, ) Tj ET Q
q 0 0 0 rg BT 302.33 527.55 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 326.65 527.55 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 366.72 527.55 Td (date. ) Tj ET Q
q 0 0 0 rg BT 389.91 527.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 409.56 527.55 Td (updated ) Tj ET Q
q 0 0 0 rg BT 446.12 527.55 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 487.34 527.55 Td (provides ) Tj ET Q
q 0 0 0 rg BT 526.82 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 534.80 527.55 Td (single, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 118.85 514.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 157.87 514.95 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 211.49 514.95 Td (model ) Tj ET Q
q 0 0 0 rg BT 243.52 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 261.56 514.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 277.85 514.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 321.54 514.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 346.00 514.95 Td (customers, ) Tj ET Q
q 0 0 0 rg BT 396.99 514.95 Td (improves ) Tj ET Q
q 0 0 0 rg BT 441.87 514.95 Td (comparability ) Tj ET Q
q 0 0 0 rg BT 505.97 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.93 514.95 Td (removes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (inconsistencies ) Tj ET Q
q 0 0 0 rg BT 115.40 502.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 125.90 502.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 161.46 502.35 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 211.61 502.35 Td (practices ) Tj ET Q
q 0 0 0 rg BT 251.26 502.35 Td (across ) Tj ET Q
q 0 0 0 rg BT 279.83 502.35 Td (entities, ) Tj ET Q
q 0 0 0 rg BT 315.11 502.35 Td (industries, ) Tj ET Q
q 0 0 0 rg BT 360.90 502.35 Td (jurisdictions, ) Tj ET Q
q 0 0 0 rg BT 417.78 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 435.27 502.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 465.58 502.35 Td (markets. ) Tj ET Q
q 0 0 0 rg BT 503.78 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 505.94 502.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 524.60 502.35 Td (guidance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 70.02 489.75 Td (specifies ) Tj ET Q
q 0 0 0 rg BT 110.37 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 126.80 489.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 176.48 489.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 192.33 489.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 224.50 489.75 Td (costs ) Tj ET Q
q 0 0 0 rg BT 249.11 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 260.88 489.75 Td (obtain ) Tj ET Q
q 0 0 0 rg BT 290.74 489.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 303.09 489.75 Td (fulfill ) Tj ET Q
q 0 0 0 rg BT 330.61 489.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 338.88 489.75 Td (contract ) Tj ET Q
q 0 0 0 rg BT 376.30 489.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 398.58 489.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 406.85 489.75 Td (customer ) Tj ET Q
q 0 0 0 rg BT 448.94 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.71 489.75 Td (revises ) Tj ET Q
q 0 0 0 rg BT 500.48 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 516.92 489.75 Td (criteria ) Tj ET Q
q 0 0 0 rg BT 550.25 489.75 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (determining ) Tj ET Q
q 0 0 0 rg BT 102.85 477.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 111.88 477.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 124.40 477.15 Td (entity ) Tj ET Q
q 0 0 0 rg BT 150.92 477.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 160.54 477.15 Td (acting ) Tj ET Q
q 0 0 0 rg BT 188.81 477.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 200.17 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 207.44 477.15 Td (principal ) Tj ET Q
q 0 0 0 rg BT 247.37 477.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 258.73 477.15 Td (agent ) Tj ET Q
q 0 0 0 rg BT 284.08 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 294.86 477.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 326.04 477.15 Td (arrangements. ) Tj ET Q
q 0 0 0 rg BT 387.65 477.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 406.58 477.15 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 445.94 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 457.30 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.74 477.15 Td (updated ) Tj ET Q
q 0 0 0 rg BT 508.59 477.15 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 549.10 477.15 Td (did ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 65.01 464.55 Td (result ) Tj ET Q
q 0 0 0 rg BT 90.43 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 100.70 464.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 147.11 464.55 Td (changes ) Tj ET Q
q 0 0 0 rg BT 183.03 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 193.29 464.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 209.38 464.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 231.88 464.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 267.21 464.55 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 317.12 464.55 Td (practices, ) Tj ET Q
q 0 0 0 rg BT 359.15 464.55 Td (except ) Tj ET Q
q 0 0 0 rg BT 388.65 464.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 402.98 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.91 464.55 Td (timing ) Tj ET Q
q 0 0 0 rg BT 447.42 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 458.26 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 473.18 464.55 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 523.10 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 533.94 464.55 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 104.91 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 122.44 451.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 163.29 451.95 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 185.18 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.37 451.95 Td (capitalization ) Tj ET Q
q 0 0 0 rg BT 259.29 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 276.82 451.95 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 332.25 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 343.36 451.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 374.28 451.95 Td (sales ) Tj ET Q
q 0 0 0 rg BT 397.06 451.95 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 454.26 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 468.87 451.95 Td (separate ) Tj ET Q
q 0 0 0 rg BT 505.63 451.95 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 547.35 451.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.51 439.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 81.52 439.35 Td (presentation ) Tj ET Q
q 0 0 0 rg BT 136.02 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.95 439.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 179.70 439.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 202.13 439.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 239.13 439.35 Td (reimbursements ) Tj ET Q
q 0 0 0 rg BT 309.38 439.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 338.22 439.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 361.80 439.35 Td (previously ) Tj ET Q
q 0 0 0 rg BT 409.32 439.35 Td (presented ) Tj ET Q
q 0 0 0 rg BT 452.73 439.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 466.41 439.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 474.26 439.35 Td (gross ) Tj ET Q
q 0 0 0 rg BT 499.61 439.35 Td (basis. ) Tj ET Q
q 0 0 0 rg BT 526.42 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 529.60 439.35 Td (Each ) Tj ET Q
q 0 0 0 rg BT 553.77 439.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 73.70 426.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 110.14 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 120.94 426.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 137.56 426.75 Td (previous ) Tj ET Q
q 0 0 0 rg BT 176.34 426.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 212.20 426.75 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 262.64 426.75 Td (practices ) Tj ET Q
q 0 0 0 rg BT 302.58 426.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 312.21 426.75 Td (further ) Tj ET Q
q 0 0 0 rg BT 343.40 426.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 386.27 426.75 Td (below) Tj ET Q
q 0 0 0 rg BT 411.25 426.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 416.50 426.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 404.15 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 404.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.38 404.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 106.59 404.15 Td (earn ) Tj ET Q
q 0 0 0 rg BT 126.81 404.15 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 166.27 404.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 178.91 404.15 Td (providing ) Tj ET Q
q 0 0 0 rg BT 221.89 404.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 270.11 404.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 325.90 404.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 361.86 404.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 379.17 404.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 429.73 404.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 447.04 404.15 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 498.16 404.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 534.12 404.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 548.51 404.15 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 391.55 Td (customers, ) Tj ET Q
q 0 0 0 rg BT 97.72 391.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 126.40 391.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 142.24 391.55 Td (generally ) Tj ET Q
q 0 0 0 rg BT 184.32 391.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 233.42 391.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 259.77 391.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 271.54 391.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 287.39 391.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 335.90 391.55 Td (investors ) Tj ET Q
q 0 0 0 rg BT 376.84 391.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 388.02 391.55 Td (separately ) Tj ET Q
q 0 0 0 rg BT 433.60 391.55 Td (managed ) Tj ET Q
q 0 0 0 rg BT 474.52 391.55 Td (accounts. ) Tj ET Q
q 0 0 0 rg BT 516.90 391.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 519.26 391.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 533.95 391.55 Td (further ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 378.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 92.76 378.95 Td (below) Tj ET Q
q 0 0 0 rg BT 117.74 378.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 123.37 378.95 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 163.70 378.95 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 209.26 378.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 236.18 378.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 249.69 378.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 265.53 378.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 291.28 378.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 303.03 378.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.87 378.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 372.04 378.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 398.96 378.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 455.62 378.95 Td (determine ) Tj ET Q
q 0 0 0 rg BT 500.61 378.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 516.44 378.95 Td (transaction ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 366.35 Td (price ) Tj ET Q
q 0 0 0 rg BT 73.37 366.35 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 122.32 366.35 Td (when ) Tj ET Q
q 0 0 0 rg BT 147.95 366.35 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 197.51 366.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 224.31 366.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 240.02 366.35 Td (terms ) Tj ET Q
q 0 0 0 rg BT 266.24 366.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 277.88 366.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 318.67 366.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 340.22 366.35 Td (customers ) Tj ET Q
q 0 0 0 rg BT 385.69 366.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 401.39 366.35 Td (satisfied, ) Tj ET Q
q 0 0 0 rg BT 441.90 366.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 470.45 366.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 480.35 366.35 Td (generally ) Tj ET Q
q 0 0 0 rg BT 522.30 366.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 543.84 366.35 Td (time ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 353.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.87 353.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.33 353.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 112.77 353.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 128.21 353.75 Td (rendered. ) Tj ET Q
q 0 0 0 rg BT 170.19 353.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 172.81 353.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 175.44 353.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 341.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 52.13 341.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 54.75 341.15 Td ( ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 328.55 Td (V) Tj ET Q
q 0 0 0 rg BT 55.34 328.55 Td (aluation ) Tj ET Q
q 0 0 0 rg BT 94.15 328.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 105.13 328.55 Td (AUM) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 129.05 328.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 315.95 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 315.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 67.19 315.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 90.96 315.95 Td (responsibility ) Tj ET Q
q 0 0 0 rg BT 152.09 315.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 168.28 315.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 185.07 315.95 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 228.10 315.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.93 315.95 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 271.01 315.95 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 328.05 315.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 342.50 315.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.20 315.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 384.82 315.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 395.78 315.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 423.64 315.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 438.10 315.95 Td (observable ) Tj ET Q
q 0 0 0 rg BT 487.53 315.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 520.64 315.95 Td (data ) Tj ET Q
q 0 0 0 rg BT 542.09 315.95 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 303.35 Td (independent ) Tj ET Q
q 0 0 0 rg BT 102.93 303.35 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 134.79 303.35 Td (services, ) Tj ET Q
q 0 0 0 rg BT 173.35 303.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 194.71 303.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 242.90 303.35 Td (agents, ) Tj ET Q
q 0 0 0 rg BT 274.46 303.35 Td (custodians ) Tj ET Q
q 0 0 0 rg BT 320.91 303.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 331.77 303.35 Td (brokers. ) Tj ET Q
q 0 0 0 rg BT 368.00 303.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 369.97 303.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 388.41 303.35 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 436.02 303.35 Td (securities ) Tj ET Q
q 0 0 0 rg BT 477.79 303.35 Td (within ) Tj ET Q
q 0 0 0 rg BT 506.74 303.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 521.68 303.35 Td (portfolios ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 290.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 64.56 290.75 Td (manage, ) Tj ET Q
q 0 0 0 rg BT 102.65 290.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 131.13 290.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 146.76 290.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 162.99 290.75 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 202.53 290.75 Td (within ) Tj ET Q
q 0 0 0 rg BT 232.18 290.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 248.99 290.75 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 304.88 290.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 344.43 290.75 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 394.19 290.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 409.83 290.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 451.71 290.75 Td (valued ) Tj ET Q
q 0 0 0 rg BT 482.51 290.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 494.07 290.75 Td (follows: ) Tj ET Q
q 0 0 0 rg BT 531.31 290.75 Td (\(i\)�with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 278.15 Td (respect ) Tj ET Q
q 0 0 0 rg BT 82.62 278.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 94.18 278.15 Td (securities ) Tj ET Q
q 0 0 0 rg BT 137.22 278.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 152.85 278.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 181.90 278.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 214.44 278.15 Td (quotations ) Tj ET Q
q 0 0 0 rg BT 261.57 278.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 277.78 278.15 Td (readily ) Tj ET Q
q 0 0 0 rg BT 310.32 278.15 Td (available, ) Tj ET Q
q 0 0 0 rg BT 354.23 278.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 370.44 278.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 402.98 278.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 429.11 278.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 441.25 278.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 463.88 278.15 Td (securities; ) Tj ET Q
q 0 0 0 rg BT 509.84 278.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 528.39 278.15 Td (\(ii\)�with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 265.55 Td (respect ) Tj ET Q
q 0 0 0 rg BT 81.86 265.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 92.65 265.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 116.85 265.55 Td (securities ) Tj ET Q
q 0 0 0 rg BT 159.13 265.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 176.91 265.55 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 206.66 265.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 223.86 265.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 249.22 265.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 260.59 265.55 Td (determined ) Tj ET Q
q 0 0 0 rg BT 310.45 265.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 321.24 265.55 Td (good ) Tj ET Q
q 0 0 0 rg BT 344.87 265.55 Td (faith.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 240.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.19 240.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 75.95 240.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 106.37 240.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.51 240.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 149.15 240.35 Td (equity) Tj ET Q
q 0 0 0 rg BT 174.71 240.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 180.36 240.35 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 204.95 240.35 Td (income, ) Tj ET Q
q 0 0 0 rg BT 241.49 240.35 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 288.82 240.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 307.00 240.35 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 344.93 240.35 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 372.45 240.35 Td (values ) Tj ET Q
q 0 0 0 rg BT 402.29 240.35 Td (aggregated ) Tj ET Q
q 0 0 0 rg BT 451.37 240.35 Td ($161 ) Tj ET Q
q 0 0 0 rg BT 475.38 240.35 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 508.44 240.35 Td ($420 ) Tj ET Q
q 0 0 0 rg BT 532.46 240.35 Td (billion, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 227.75 Td ($75 ) Tj ET Q
q 0 0 0 rg BT 67.88 227.75 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 100.56 227.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 118.35 227.75 Td ($75 ) Tj ET Q
q 0 0 0 rg BT 136.74 227.75 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 169.41 227.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 219.46 227.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 224.72 227.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 226.77 227.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 241.07 227.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.53 227.75 Td (majority ) Tj ET Q
q 0 0 0 rg BT 294.74 227.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 306.12 227.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 322.17 227.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 349.31 227.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 358.94 227.75 Td (valued ) Tj ET Q
q 0 0 0 rg BT 389.56 227.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 402.70 227.75 Td (independent ) Tj ET Q
q 0 0 0 rg BT 456.65 227.75 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 489.02 227.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 525.47 227.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 552.01 227.75 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 215.15 Td (observable ) Tj ET Q
q 0 0 0 rg BT 98.05 215.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 130.26 215.15 Td (prices ) Tj ET Q
q 0 0 0 rg BT 158.40 215.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 170.21 215.15 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 201.57 215.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 216.87 215.15 Td (believe ) Tj ET Q
q 0 0 0 rg BT 250.25 215.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 282.47 215.15 Td (risk ) Tj ET Q
q 0 0 0 rg BT 301.29 215.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 311.35 215.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 327.24 215.15 Td (most ) Tj ET Q
q 0 0 0 rg BT 350.73 215.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 398.12 215.15 Td (risk ) Tj ET Q
q 0 0 0 rg BT 416.93 215.15 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 465.49 215.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 481.38 215.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 507.18 215.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.99 215.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 535.37 215.15 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 565.13 215.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 202.55 Td (Economic ) Tj ET Q
q 0 0 0 rg BT 94.58 202.55 Td (events ) Tj ET Q
q 0 0 0 rg BT 123.92 202.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 141.59 202.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 180.84 202.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 212.50 202.55 Td (turmoil ) Tj ET Q
q 0 0 0 rg BT 245.93 202.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 268.26 202.55 Td (increased ) Tj ET Q
q 0 0 0 rg BT 310.42 202.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 342.08 202.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 365.58 202.55 Td (volatility; ) Tj ET Q
q 0 0 0 rg BT 408.93 202.55 Td (however) Tj ET Q
q 0 0 0 rg BT 444.66 202.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 449.79 202.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 461.05 202.55 Td (further ) Tj ET Q
q 0 0 0 rg BT 492.13 202.55 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 534.89 202.55 Td (below) Tj ET Q
q 0 0 0 rg BT 559.87 202.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 189.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.96 189.95 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 106.66 189.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.04 189.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.50 189.95 Td (vast ) Tj ET Q
q 0 0 0 rg BT 153.04 189.95 Td (majority ) Tj ET Q
q 0 0 0 rg BT 191.25 189.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.63 189.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 218.09 189.95 Td (securities ) Tj ET Q
q 0 0 0 rg BT 260.37 189.95 Td (held ) Tj ET Q
q 0 0 0 rg BT 281.08 189.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 294.21 189.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 310.84 189.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 336.80 189.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 354.59 189.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 365.39 189.95 Td (separate ) Tj ET Q
q 0 0 0 rg BT 402.41 189.95 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 441.78 189.95 Td (continues ) Tj ET Q
q 0 0 0 rg BT 484.65 189.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 495.45 189.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 507.99 189.95 Td (derived ) Tj ET Q
q 0 0 0 rg BT 542.11 189.95 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 177.35 Td (readily ) Tj ET Q
q 0 0 0 rg BT 82.37 177.35 Td (available ) Tj ET Q
q 0 0 0 rg BT 123.97 177.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 156.84 177.35 Td (price ) Tj ET Q
q 0 0 0 rg BT 181.54 177.35 Td (quotations. ) Tj ET Q
q 0 0 0 rg BT 231.63 177.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 234.52 177.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 249.90 177.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 262.36 177.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 293.48 177.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 310.32 177.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 337.66 177.35 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 402.02 177.35 Td (9% ) Tj ET Q
q 0 0 0 rg BT 419.73 177.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 432.19 177.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 453.75 177.35 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 481.96 177.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 492.68 177.35 Td (valued ) Tj ET Q
q 0 0 0 rg BT 524.38 177.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 552.00 177.35 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 164.75 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 108.11 164.75 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 139.03 164.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.48 164.75 Td (majority ) Tj ET Q
q 0 0 0 rg BT 192.68 164.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 204.06 164.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 232.34 164.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 241.97 164.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 273.16 164.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 283.95 164.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 300.57 164.75 Td (real ) Tj ET Q
q 0 0 0 rg BT 318.93 164.75 Td (estate ) Tj ET Q
q 0 0 0 rg BT 345.46 164.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 371.42 164.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 414.29 164.75 Td (below) Tj ET Q
q 0 0 0 rg BT 439.27 164.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 139.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.65 139.55 Td (most ) Tj ET Q
q 0 0 0 rg BT 91.64 139.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 103.95 139.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 121.51 139.55 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 154.24 139.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 181.13 139.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.86 139.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 225.00 139.55 Td (pooled ) Tj ET Q
q 0 0 0 rg BT 257.14 139.55 Td (products, ) Tj ET Q
q 0 0 0 rg BT 299.49 139.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 322.30 139.55 Td (boards ) Tj ET Q
q 0 0 0 rg BT 353.86 139.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 366.17 139.55 Td (directors ) Tj ET Q
q 0 0 0 rg BT 406.47 139.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 418.78 139.55 Td (similar ) Tj ET Q
q 0 0 0 rg BT 451.51 139.55 Td (bodies ) Tj ET Q
q 0 0 0 rg BT 482.49 139.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 498.87 139.55 Td (responsible ) Tj ET Q
q 0 0 0 rg BT 550.26 139.55 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 126.95 Td (establishing ) Tj ET Q
q 0 0 0 rg BT 103.04 126.95 Td (policies ) Tj ET Q
q 0 0 0 rg BT 139.07 126.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 157.60 126.95 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 207.03 126.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 238.97 126.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 250.50 126.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 266.70 126.95 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 299.82 126.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 311.93 126.95 Td (securities. ) Tj ET Q
q 0 0 0 rg BT 357.58 126.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 360.96 126.95 Td (Each ) Tj ET Q
q 0 0 0 rg BT 385.31 126.95 Td (board ) Tj ET Q
q 0 0 0 rg BT 412.59 126.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 424.71 126.95 Td (directors ) Tj ET Q
q 0 0 0 rg BT 464.81 126.95 Td (generally ) Tj ET Q
q 0 0 0 rg BT 507.25 126.95 Td (delegates ) Tj ET Q
q 0 0 0 rg BT 549.68 126.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 114.35 Td (execution ) Tj ET Q
q 0 0 0 rg BT 92.85 114.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 104.14 114.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.51 114.35 Td (various ) Tj ET Q
q 0 0 0 rg BT 152.96 114.35 Td (functions ) Tj ET Q
q 0 0 0 rg BT 194.57 114.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 225.67 114.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 236.38 114.35 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 268.66 114.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 279.36 114.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 286.56 114.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 308.35 114.35 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 349.96 114.35 Td (committee ) Tj ET Q
q 0 0 0 rg BT 396.82 114.35 Td (which, ) Tj ET Q
q 0 0 0 rg BT 427.64 114.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 438.35 114.35 Td (turn, ) Tj ET Q
q 0 0 0 rg BT 460.42 114.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 481.04 114.35 Td (rely ) Tj ET Q
q 0 0 0 rg BT 499.90 114.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 512.94 114.35 Td (information ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 101.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 72.07 101.75 Td (various ) Tj ET Q
q 0 0 0 rg BT 105.14 101.75 Td (parties ) Tj ET Q
q 0 0 0 rg BT 135.29 101.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 145.61 101.75 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 177.51 101.75 Td (securities ) Tj ET Q
q 0 0 0 rg BT 219.33 101.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 240.73 101.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 251.64 101.75 Td (independent ) Tj ET Q
q 0 0 0 rg BT 305.11 101.75 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 337.01 101.75 Td (services, ) Tj ET Q
q 0 0 0 rg BT 375.62 101.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.60 101.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 412.01 101.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 460.23 101.75 Td (agent, ) Tj ET Q
q 0 0 0 rg BT 487.76 101.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.74 101.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 524.15 101.75 Td (manager) Tj ET Q
q 0 0 0 rg BT 559.88 101.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 89.15 Td (broker) Tj ET Q
q 0 0 0 rg BT 76.69 89.15 Td (-dealers, ) Tj ET Q
q 0 0 0 rg BT 114.70 89.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 132.01 89.15 Td (others ) Tj ET Q
q 0 0 0 rg BT 159.82 89.15 Td (\(or ) Tj ET Q
q 0 0 0 rg BT 174.22 89.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 181.03 89.15 Td (combination ) Tj ET Q
q 0 0 0 rg BT 235.67 89.15 Td (thereof\). ) Tj ET Q
q 0 0 0 rg BT 273.67 89.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 275.67 89.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 294.15 89.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 319.63 89.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 341.60 89.15 Td (controls ) Tj ET Q
q 0 0 0 rg BT 377.58 89.15 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 425.21 89.15 Td (designed ) Tj ET Q
q 0 0 0 rg BT 464.69 89.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 475.01 89.15 Td (ensure ) Tj ET Q
q 0 0 0 rg BT 504.56 89.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 522.46 89.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 537.44 89.15 Td (prices ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 76.55 Td (assigned ) Tj ET Q
q 0 0 0 rg BT 88.26 76.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 99.02 76.55 Td (securities ) Tj ET Q
q 0 0 0 rg BT 141.27 76.55 Td (they ) Tj ET Q
q 0 0 0 rg BT 161.94 76.55 Td (hold ) Tj ET Q
q 0 0 0 rg BT 183.21 76.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 198.62 76.55 Td (accurate. ) Tj ET Q
q 0 0 0 rg BT 238.81 76.55 Td (Management ) Tj ET Q
q 0 0 0 rg BT 296.22 76.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 312.81 76.55 Td (established ) Tj ET Q
q 0 0 0 rg BT 362.06 76.55 Td (policies ) Tj ET Q
q 0 0 0 rg BT 397.32 76.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 408.08 76.55 Td (ensure ) Tj ET Q
q 0 0 0 rg BT 438.08 76.55 Td (consistency ) Tj ET Q
q 0 0 0 rg BT 489.67 76.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 500.43 76.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 515.86 76.55 Td (application ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 63.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 63.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 96.73 63.95 Td (recognition.) Tj ET Q
endstream
endobj
147 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 148 0 R>>
endobj
148 0 obj
<</Length 43594>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (71) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 62.84 741.75 Td (manager ) Tj ET Q
q 0 0 0 rg BT 100.65 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 117.48 741.75 Td (advisor ) Tj ET Q
q 0 0 0 rg BT 150.05 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 163.96 741.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 200.02 741.75 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 241.05 741.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 254.96 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 269.44 741.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 310.17 741.75 Td (responsible ) Tj ET Q
q 0 0 0 rg BT 359.67 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 373.58 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.07 741.75 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 419.48 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 429.89 741.75 Td (securities ) Tj ET Q
q 0 0 0 rg BT 471.21 741.75 Td (held ) Tj ET Q
q 0 0 0 rg BT 490.96 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 500.79 741.75 Td (client ) Tj ET Q
q 0 0 0 rg BT 525.78 741.75 Td (accounts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (\(or ) Tj ET Q
q 0 0 0 rg BT 64.68 729.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 85.70 729.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 110.79 729.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 128.90 729.15 Td (responsibility ) Tj ET Q
q 0 0 0 rg BT 189.00 729.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 210.61 729.15 Td (others\) ) Tj ET Q
q 0 0 0 rg BT 242.71 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 260.80 729.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 283.56 729.15 Td (established ) Tj ET Q
q 0 0 0 rg BT 333.16 729.15 Td (policies ) Tj ET Q
q 0 0 0 rg BT 368.76 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 379.86 729.15 Td (govern ) Tj ET Q
q 0 0 0 rg BT 411.96 729.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 453.97 729.15 Td (processes ) Tj ET Q
q 0 0 0 rg BT 497.15 729.15 Td (similar ) Tj ET Q
q 0 0 0 rg BT 529.25 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 540.35 729.15 Td (those ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 91.33 716.55 Td (above ) Tj ET Q
q 0 0 0 rg BT 117.99 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 131.82 716.55 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 162.57 716.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 187.49 716.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 204.82 716.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 219.22 716.55 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 266.29 716.55 Td (designed ) Tj ET Q
q 0 0 0 rg BT 305.20 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 314.95 716.55 Td (ensure ) Tj ET Q
q 0 0 0 rg BT 343.94 716.55 Td (consistency ) Tj ET Q
q 0 0 0 rg BT 394.52 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 404.27 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.68 716.55 Td (application ) Tj ET Q
q 0 0 0 rg BT 466.92 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 477.25 716.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 512.07 716.55 Td (recognition. ) Tj ET Q
q 0 0 0 rg BT 565.14 716.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 107.39 703.95 Td (relies ) Tj ET Q
q 0 0 0 rg BT 133.21 703.95 Td (extensively ) Tj ET Q
q 0 0 0 rg BT 184.11 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 197.68 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.59 703.95 Td (data ) Tj ET Q
q 0 0 0 rg BT 234.16 703.95 Td (provided ) Tj ET Q
q 0 0 0 rg BT 274.56 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 288.14 703.95 Td (independent ) Tj ET Q
q 0 0 0 rg BT 342.53 703.95 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 375.35 703.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 412.25 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 430.49 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.39 703.95 Td (custodians ) Tj ET Q
q 0 0 0 rg BT 493.80 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 505.04 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 520.95 703.95 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 553.77 703.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (separate ) Tj ET Q
q 0 0 0 rg BT 86.52 691.35 Td (account ) Tj ET Q
q 0 0 0 rg BT 121.21 691.35 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 150.97 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 153.59 691.35 Td (Separate ) Tj ET Q
q 0 0 0 rg BT 192.36 691.35 Td (account ) Tj ET Q
q 0 0 0 rg BT 227.64 691.35 Td (customers ) Tj ET Q
q 0 0 0 rg BT 272.84 691.35 Td (typically ) Tj ET Q
q 0 0 0 rg BT 312.20 691.35 Td (select ) Tj ET Q
q 0 0 0 rg BT 338.73 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.19 691.35 Td (custodian.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (V) Tj ET Q
q 0 0 0 rg BT 55.92 666.15 Td (aluation ) Tj ET Q
q 0 0 0 rg BT 93.16 666.15 Td (processes ) Tj ET Q
q 0 0 0 rg BT 136.81 666.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 151.72 666.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 179.64 666.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 195.88 666.15 Td (dependent ) Tj ET Q
q 0 0 0 rg BT 242.44 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 256.36 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.60 666.15 Td (nature ) Tj ET Q
q 0 0 0 rg BT 302.26 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.42 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.66 666.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 358.58 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.16 666.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 395.73 666.15 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 445.79 666.15 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 492.96 666.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 515.05 666.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 532.46 666.15 Td (clients. ) Tj ET Q
q 0 0 0 rg BT 565.12 666.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 80.13 653.55 Td (securities ) Tj ET Q
q 0 0 0 rg BT 122.42 653.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 148.96 653.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 205.24 653.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 220.11 653.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 248.41 653.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 280.19 653.55 Td (quotations ) Tj ET Q
q 0 0 0 rg BT 326.57 653.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 342.02 653.55 Td (available ) Tj ET Q
q 0 0 0 rg BT 382.55 653.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 398.00 653.55 Td (usually ) Tj ET Q
q 0 0 0 rg BT 430.97 653.55 Td (valued ) Tj ET Q
q 0 0 0 rg BT 461.59 653.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 471.80 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.26 653.55 Td (last ) Tj ET Q
q 0 0 0 rg BT 504.48 653.55 Td (reported ) Tj ET Q
q 0 0 0 rg BT 542.09 653.55 Td (sales ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 73.24 640.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 84.73 640.95 Td (of) Tj ET Q
q 0 0 0 rg BT 93.29 640.95 Td (ficial ) Tj ET Q
q 0 0 0 rg BT 117.61 640.95 Td (closing ) Tj ET Q
q 0 0 0 rg BT 150.69 640.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 174.43 640.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 187.68 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.26 640.95 Td (primary ) Tj ET Q
q 0 0 0 rg BT 239.25 640.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 271.15 640.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 282.65 640.95 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 325.04 640.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 338.29 640.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 366.70 640.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 387.53 640.95 Td (trade. ) Tj ET Q
q 0 0 0 rg BT 413.89 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 416.64 640.95 Td (Debt ) Tj ET Q
q 0 0 0 rg BT 439.80 640.95 Td (securities ) Tj ET Q
q 0 0 0 rg BT 482.21 640.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 508.87 640.95 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.32 628.35 Td (usually ) Tj ET Q
q 0 0 0 rg BT 96.66 628.35 Td (valued ) Tj ET Q
q 0 0 0 rg BT 126.65 628.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 136.23 628.35 Td (bid, ) Tj ET Q
q 0 0 0 rg BT 154.28 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 165.03 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.86 628.35 Td (mean ) Tj ET Q
q 0 0 0 rg BT 204.60 628.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 241.59 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.42 628.35 Td (last ) Tj ET Q
q 0 0 0 rg BT 273.00 628.35 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 303.58 628.35 Td (bid ) Tj ET Q
q 0 0 0 rg BT 319.01 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 336.17 628.35 Td (asked ) Tj ET Q
q 0 0 0 rg BT 362.08 628.35 Td (prices, ) Tj ET Q
q 0 0 0 rg BT 391.78 628.35 Td (provided ) Tj ET Q
q 0 0 0 rg BT 431.11 628.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 443.61 628.35 Td (independent ) Tj ET Q
q 0 0 0 rg BT 496.93 628.35 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 528.68 628.35 Td (services ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.17 615.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 81.90 615.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 107.73 615.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 120.15 615.75 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 172.22 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 182.31 615.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 202.31 615.75 Td (obligations, ) Tj ET Q
q 0 0 0 rg BT 253.52 615.75 Td (quotations ) Tj ET Q
q 0 0 0 rg BT 299.19 615.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 321.52 615.75 Td (bond ) Tj ET Q
q 0 0 0 rg BT 344.44 615.75 Td (dealers, ) Tj ET Q
q 0 0 0 rg BT 378.72 615.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 409.79 615.75 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 461.87 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 471.95 615.75 Td (comparable ) Tj ET Q
q 0 0 0 rg BT 522.85 615.75 Td (securities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.51 603.15 Td (various ) Tj ET Q
q 0 0 0 rg BT 99.27 603.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 122.69 603.15 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 178.20 603.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 215.03 603.15 Td (securities. ) Tj ET Q
q 0 0 0 rg BT 259.16 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 261.01 603.15 Td (Short-term ) Tj ET Q
q 0 0 0 rg BT 308.35 603.15 Td (debt ) Tj ET Q
q 0 0 0 rg BT 328.27 603.15 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 376.79 603.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 391.45 603.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 432.37 603.15 Td (valued ) Tj ET Q
q 0 0 0 rg BT 462.20 603.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 471.63 603.15 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 515.46 603.15 Td (cost, ) Tj ET Q
q 0 0 0 rg BT 536.85 603.15 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (approximates ) Tj ET Q
q 0 0 0 rg BT 108.77 590.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 126.04 590.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 154.10 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 156.60 590.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 175.62 590.55 Td (majority ) Tj ET Q
q 0 0 0 rg BT 213.90 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.34 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 241.44 590.55 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 268.64 590.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 278.35 590.55 Td (valued ) Tj ET Q
q 0 0 0 rg BT 309.03 590.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 335.64 590.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 348.84 590.55 Td (data ) Tj ET Q
q 0 0 0 rg BT 369.02 590.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 392.13 590.55 Td (third ) Tj ET Q
q 0 0 0 rg BT 414.66 590.55 Td (parties ) Tj ET Q
q 0 0 0 rg BT 445.35 590.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 467.30 590.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 478.74 590.55 Td (independent ) Tj ET Q
q 0 0 0 rg BT 532.76 590.55 Td (pricing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (services, ) Tj ET Q
q 0 0 0 rg BT 88.39 577.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 110.08 577.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 158.59 577.95 Td (agents, ) Tj ET Q
q 0 0 0 rg BT 190.48 577.95 Td (custodians ) Tj ET Q
q 0 0 0 rg BT 237.26 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 254.86 577.95 Td (brokers. ) Tj ET Q
q 0 0 0 rg BT 291.42 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 293.69 577.95 Td (This ) Tj ET Q
q 0 0 0 rg BT 314.80 577.95 Td (varies ) Tj ET Q
q 0 0 0 rg BT 342.32 577.95 Td (slightly ) Tj ET Q
q 0 0 0 rg BT 376.27 577.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 399.13 577.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 420.23 577.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 430.84 577.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 451.95 577.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 478.30 577.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 501.75 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.02 577.95 Td (underlying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (composition ) Tj ET Q
q 0 0 0 rg BT 103.86 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 115.05 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 130.32 565.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 153.17 565.35 Td (class ) Tj ET Q
q 0 0 0 rg BT 176.02 565.35 Td (\(equity) Tj ET Q
q 0 0 0 rg BT 205.08 565.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 210.15 565.35 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 234.17 565.35 Td (income, ) Tj ET Q
q 0 0 0 rg BT 270.14 565.35 Td (alternative, ) Tj ET Q
q 0 0 0 rg BT 319.52 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 337.12 565.35 Td (liquidity\) ) Tj ET Q
q 0 0 0 rg BT 378.65 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 389.83 565.35 Td (well ) Tj ET Q
q 0 0 0 rg BT 410.36 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 421.54 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 436.81 565.35 Td (actual ) Tj ET Q
q 0 0 0 rg BT 464.32 565.35 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 512.26 565.35 Td (securities ) Tj ET Q
q 0 0 0 rg BT 554.35 565.35 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.36 552.75 Td (portfolio ) Tj ET Q
q 0 0 0 rg BT 105.14 552.75 Td (within ) Tj ET Q
q 0 0 0 rg BT 135.01 552.75 Td (each ) Tj ET Q
q 0 0 0 rg BT 157.28 552.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 180.73 552.75 Td (class. ) Tj ET Q
q 0 0 0 rg BT 206.80 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 209.84 552.75 Td (Regardless ) Tj ET Q
q 0 0 0 rg BT 258.94 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 270.72 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.59 552.75 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 328.70 552.75 Td (process ) Tj ET Q
q 0 0 0 rg BT 363.22 552.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 375.00 552.75 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 407.78 552.75 Td (source, ) Tj ET Q
q 0 0 0 rg BT 440.85 552.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 456.13 552.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 478.98 552.75 Td (established ) Tj ET Q
q 0 0 0 rg BT 528.67 552.75 Td (controls ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 97.61 540.15 Td (designed ) Tj ET Q
q 0 0 0 rg BT 137.56 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 148.35 540.15 Td (assess ) Tj ET Q
q 0 0 0 rg BT 176.64 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.10 540.15 Td (reasonableness ) Tj ET Q
q 0 0 0 rg BT 257.70 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.07 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 284.52 540.15 Td (prices ) Tj ET Q
q 0 0 0 rg BT 312.22 540.15 Td (provided. ) Tj ET Q
q 0 0 0 rg BT 354.79 540.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (Where ) Tj ET Q
q 0 0 0 rg BT 81.25 514.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 114.17 514.95 Td (prices ) Tj ET Q
q 0 0 0 rg BT 143.02 514.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 159.60 514.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 176.79 514.95 Td (readily ) Tj ET Q
q 0 0 0 rg BT 209.72 514.95 Td (available, ) Tj ET Q
q 0 0 0 rg BT 254.01 514.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 266.53 514.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 283.11 514.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 334.12 514.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 351.31 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 363.24 514.95 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 393.82 514.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 412.17 514.95 Td (value, ) Tj ET Q
q 0 0 0 rg BT 441.30 514.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 467.81 514.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 489.66 514.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 503.34 514.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 554.34 514.95 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 99.02 502.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 120.00 502.35 Td (established ) Tj ET Q
q 0 0 0 rg BT 168.97 502.35 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 210.35 502.35 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 258.73 502.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 284.94 502.35 Td (on, ) Tj ET Q
q 0 0 0 rg BT 300.38 502.35 Td (among ) Tj ET Q
q 0 0 0 rg BT 331.27 502.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 355.16 502.35 Td (things, ) Tj ET Q
q 0 0 0 rg BT 385.76 502.35 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 444.06 502.35 Td (inputs. ) Tj ET Q
q 0 0 0 rg BT 474.66 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 476.81 502.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 495.44 502.35 Td (most ) Tj ET Q
q 0 0 0 rg BT 518.18 502.35 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (portion ) Tj ET Q
q 0 0 0 rg BT 82.11 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.14 489.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 108.91 489.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 135.70 489.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 150.22 489.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 178.16 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.27 489.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 210.12 489.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 235.14 489.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 244.42 489.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 293.93 489.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 320.12 489.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 332.90 489.75 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 391.17 489.75 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 419.12 489.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 434.22 489.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 465.06 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 476.09 489.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 492.36 489.75 Td (real ) Tj ET Q
q 0 0 0 rg BT 510.38 489.75 Td (estate ) Tj ET Q
q 0 0 0 rg BT 536.56 489.75 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 565.15 489.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.89 477.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 96.78 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 107.60 477.15 Td (real ) Tj ET Q
q 0 0 0 rg BT 125.40 477.15 Td (estate ) Tj ET Q
q 0 0 0 rg BT 151.37 477.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 203.60 477.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 218.48 477.15 Td (prepared ) Tj ET Q
q 0 0 0 rg BT 257.27 477.15 Td (giving ) Tj ET Q
q 0 0 0 rg BT 286.17 477.15 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 344.81 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 355.04 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.94 477.15 Td (income, ) Tj ET Q
q 0 0 0 rg BT 405.53 477.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 424.52 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 441.74 477.15 Td (sales ) Tj ET Q
q 0 0 0 rg BT 464.22 477.15 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 515.28 477.15 Td (approaches ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.18 464.55 Td (estimating ) Tj ET Q
q 0 0 0 rg BT 107.86 464.55 Td (property ) Tj ET Q
q 0 0 0 rg BT 146.37 464.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 174.66 464.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 177.39 464.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 196.64 464.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 230.48 464.55 Td (approach ) Tj ET Q
q 0 0 0 rg BT 271.90 464.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 313.91 464.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 326.75 464.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 360.59 464.55 Td (stream ) Tj ET Q
q 0 0 0 rg BT 391.51 464.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 406.69 464.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 414.29 464.55 Td (property ) Tj ET Q
q 0 0 0 rg BT 452.79 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 470.89 464.55 Td (discounts ) Tj ET Q
q 0 0 0 rg BT 513.49 464.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 531.59 464.55 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (plus ) Tj ET Q
q 0 0 0 rg BT 69.55 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 76.77 451.95 Td (reversion ) Tj ET Q
q 0 0 0 rg BT 118.39 451.95 Td (\(presumed ) Tj ET Q
q 0 0 0 rg BT 165.25 451.95 Td (sale\) ) Tj ET Q
q 0 0 0 rg BT 187.63 451.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 206.51 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 213.72 451.95 Td (present ) Tj ET Q
q 0 0 0 rg BT 246.60 451.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 271.89 451.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 282.02 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 289.23 451.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 307.53 451.95 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 345.07 451.95 Td (rate. ) Tj ET Q
q 0 0 0 rg BT 365.98 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 368.15 451.95 Td (Y) Tj ET Q
q 0 0 0 rg BT 375.16 451.95 Td (ield ) Tj ET Q
q 0 0 0 rg BT 393.45 451.95 Td (rates ) Tj ET Q
q 0 0 0 rg BT 415.83 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 433.54 451.95 Td (growth ) Tj ET Q
q 0 0 0 rg BT 465.84 451.95 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 520.31 451.95 Td (utilized ) Tj ET Q
q 0 0 0 rg BT 554.35 451.95 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (this ) Tj ET Q
q 0 0 0 rg BT 67.64 439.35 Td (approach ) Tj ET Q
q 0 0 0 rg BT 109.08 439.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 124.87 439.35 Td (derived ) Tj ET Q
q 0 0 0 rg BT 159.32 439.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 182.69 439.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 214.81 439.35 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 267.93 439.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 279.64 439.35 Td (well ) Tj ET Q
q 0 0 0 rg BT 300.69 439.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 312.40 439.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 336.94 439.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 376.64 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 394.77 439.35 Td (industry ) Tj ET Q
q 0 0 0 rg BT 432.15 439.35 Td (data. ) Tj ET Q
q 0 0 0 rg BT 455.01 439.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 474.31 439.35 Td (discount ) Tj ET Q
q 0 0 0 rg BT 512.85 439.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 531.55 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.68 439.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (exit ) Tj ET Q
q 0 0 0 rg BT 68.26 426.75 Td (capitalization ) Tj ET Q
q 0 0 0 rg BT 127.83 426.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 146.58 426.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 162.41 426.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 209.74 426.75 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 238.43 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 249.61 426.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 274.19 426.75 Td (valuations. ) Tj ET Q
q 0 0 0 rg BT 322.77 426.75 Td (These ) Tj ET Q
q 0 0 0 rg BT 350.86 426.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 373.69 426.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 389.52 426.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 416.44 426.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 429.95 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 445.79 426.75 Td (location, ) Tj ET Q
q 0 0 0 rg BT 485.25 426.75 Td (type ) Tj ET Q
q 0 0 0 rg BT 506.34 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 524.52 426.75 Td (nature ) Tj ET Q
q 0 0 0 rg BT 553.77 426.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 72.35 414.15 Td (property) Tj ET Q
q 0 0 0 rg BT 107.24 414.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 113.48 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 132.25 414.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 165.60 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 184.38 414.15 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 234.06 414.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 266.83 414.15 Td (conditions. ) Tj ET Q
q 0 0 0 rg BT 316.82 414.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 320.17 414.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 340.11 414.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 360.64 414.15 Td (approach ) Tj ET Q
q 0 0 0 rg BT 402.74 414.15 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 445.43 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 461.87 414.15 Td (replacement ) Tj ET Q
q 0 0 0 rg BT 516.79 414.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 537.32 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.68 414.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (building ) Tj ET Q
q 0 0 0 rg BT 86.89 401.55 Td (less ) Tj ET Q
q 0 0 0 rg BT 105.02 401.55 Td (physical ) Tj ET Q
q 0 0 0 rg BT 142.40 401.55 Td (depreciation ) Tj ET Q
q 0 0 0 rg BT 196.67 401.55 Td (plus ) Tj ET Q
q 0 0 0 rg BT 216.56 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.78 401.55 Td (land ) Tj ET Q
q 0 0 0 rg BT 252.24 401.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 279.99 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 282.20 401.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 300.91 401.55 Td (sales ) Tj ET Q
q 0 0 0 rg BT 323.70 401.55 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 375.08 401.55 Td (approach ) Tj ET Q
q 0 0 0 rg BT 415.94 401.55 Td (compares ) Tj ET Q
q 0 0 0 rg BT 458.56 401.55 Td (recent ) Tj ET Q
q 0 0 0 rg BT 486.59 401.55 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 539.12 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.68 401.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (appraised ) Tj ET Q
q 0 0 0 rg BT 92.89 388.95 Td (property) Tj ET Q
q 0 0 0 rg BT 127.78 388.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 132.87 388.95 Td (Adjustments ) Tj ET Q
q 0 0 0 rg BT 189.12 388.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 205.09 388.95 Td (made ) Tj ET Q
q 0 0 0 rg BT 230.99 388.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 246.39 388.95 Td (dissimilarities ) Tj ET Q
q 0 0 0 rg BT 308.47 388.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 337.29 388.95 Td (typically ) Tj ET Q
q 0 0 0 rg BT 377.19 388.95 Td (provide ) Tj ET Q
q 0 0 0 rg BT 412.43 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 420.25 388.95 Td (range ) Tj ET Q
q 0 0 0 rg BT 446.72 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 458.63 388.95 Td (value. ) Tj ET Q
q 0 0 0 rg BT 487.15 388.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 490.31 388.95 Td (Many ) Tj ET Q
q 0 0 0 rg BT 517.97 388.95 Td (factors ) Tj ET Q
q 0 0 0 rg BT 549.70 388.95 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 70.26 376.35 Td (considered ) Tj ET Q
q 0 0 0 rg BT 119.59 376.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 131.60 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 148.27 376.35 Td (determination ) Tj ET Q
q 0 0 0 rg BT 210.43 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 223.03 376.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 241.44 376.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 268.03 376.35 Td (including, ) Tj ET Q
q 0 0 0 rg BT 314.16 376.35 Td (but ) Tj ET Q
q 0 0 0 rg BT 331.42 376.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 348.69 376.35 Td (limited ) Tj ET Q
q 0 0 0 rg BT 382.28 376.35 Td (to, ) Tj ET Q
q 0 0 0 rg BT 396.92 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.59 376.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 457.09 376.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 479.59 376.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 506.77 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 525.78 376.35 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 104.42 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 115.03 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.73 363.75 Td (properties, ) Tj ET Q
q 0 0 0 rg BT 176.21 363.75 Td (property ) Tj ET Q
q 0 0 0 rg BT 213.65 363.75 Td (types ) Tj ET Q
q 0 0 0 rg BT 237.68 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 254.71 363.75 Td (geographic ) Tj ET Q
q 0 0 0 rg BT 303.22 363.75 Td (locations, ) Tj ET Q
q 0 0 0 rg BT 345.62 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 360.32 363.75 Td (physical ) Tj ET Q
q 0 0 0 rg BT 397.18 363.75 Td (condition ) Tj ET Q
q 0 0 0 rg BT 438.71 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 449.32 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 464.02 363.75 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 488.92 363.75 Td (prevailing ) Tj ET Q
q 0 0 0 rg BT 533.36 363.75 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (capitalization ) Tj ET Q
q 0 0 0 rg BT 109.75 351.15 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 135.88 351.15 Td (prevailing ) Tj ET Q
q 0 0 0 rg BT 182.14 351.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 214.98 351.15 Td (discount ) Tj ET Q
q 0 0 0 rg BT 254.25 351.15 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 280.39 351.15 Td (general ) Tj ET Q
q 0 0 0 rg BT 314.98 351.15 Td (economic ) Tj ET Q
q 0 0 0 rg BT 359.48 351.15 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 409.54 351.15 Td (economic ) Tj ET Q
q 0 0 0 rg BT 454.05 351.15 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 501.49 351.15 Td (specific ) Tj ET Q
q 0 0 0 rg BT 537.83 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.68 351.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 82.06 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 93.63 338.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 122.69 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.92 338.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 166.82 338.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 183.04 338.55 Td (located, ) Tj ET Q
q 0 0 0 rg BT 219.39 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 237.95 338.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 256.51 338.55 Td (specific ) Tj ET Q
q 0 0 0 rg BT 292.57 338.55 Td (rights ) Tj ET Q
q 0 0 0 rg BT 319.89 338.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 332.04 338.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 358.77 338.55 Td (associated ) Tj ET Q
q 0 0 0 rg BT 405.32 338.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 427.39 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.62 338.55 Td (investment. ) Tj ET Q
q 0 0 0 rg BT 495.73 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 499.13 338.55 Td (Because ) Tj ET Q
q 0 0 0 rg BT 537.52 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.67 338.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (inherent ) Tj ET Q
q 0 0 0 rg BT 85.67 325.95 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 141.08 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 151.60 325.95 Td (valuation, ) Tj ET Q
q 0 0 0 rg BT 195.06 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.66 325.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 238.25 325.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 258.10 325.95 Td (materially ) Tj ET Q
q 0 0 0 rg BT 302.43 325.95 Td (dif) Tj ET Q
q 0 0 0 rg BT 313.91 325.95 Td (fer ) Tj ET Q
q 0 0 0 rg BT 327.33 325.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 349.51 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.10 325.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 392.69 325.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 410.21 325.95 Td (would ) Tj ET Q
q 0 0 0 rg BT 438.23 325.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 449.90 325.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 498.90 325.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 511.17 325.95 Td (negotiations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (held ) Tj ET Q
q 0 0 0 rg BT 70.20 313.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 107.81 313.35 Td (parties ) Tj ET Q
q 0 0 0 rg BT 138.42 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 149.22 313.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 156.50 313.35 Td (sale ) Tj ET Q
q 0 0 0 rg BT 175.45 313.35 Td (transaction. ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 99.57 288.15 Td (Advisory ) Tj ET Q
q 0 0 0 rg BT 140.11 288.15 Td (Fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 275.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.50 275.55 Td (earn ) Tj ET Q
q 0 0 0 rg BT 85.83 275.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 134.17 275.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 172.60 275.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 191.76 275.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 204.53 275.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 231.29 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 241.72 275.55 Td (separately ) Tj ET Q
q 0 0 0 rg BT 286.55 275.55 Td (managed ) Tj ET Q
q 0 0 0 rg BT 326.71 275.55 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 368.34 275.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 416.68 275.55 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 444.90 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 462.33 275.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 486.17 275.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 524.59 275.55 Td (managed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.33 262.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 80.92 262.95 Td (clients. ) Tj ET Q
q 0 0 0 rg BT 113.54 262.95 Td (Generally) Tj ET Q
q 0 0 0 rg BT 154.25 262.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 159.47 262.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 208.13 262.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 264.36 262.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 300.77 262.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 316.18 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 323.43 262.95 Td (single ) Tj ET Q
q 0 0 0 rg BT 351.10 262.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 406.73 262.95 Td (obligation, ) Tj ET Q
q 0 0 0 rg BT 454.53 262.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 465.86 262.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 486.53 262.95 Td (include ) Tj ET Q
q 0 0 0 rg BT 520.02 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 527.27 262.95 Td (series ) Tj ET Q
q 0 0 0 rg BT 553.77 262.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (distinct ) Tj ET Q
q 0 0 0 rg BT 83.68 250.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 120.76 250.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 139.77 250.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 155.85 250.35 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 212.20 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 228.29 250.35 Td (same ) Tj ET Q
q 0 0 0 rg BT 253.13 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 271.55 250.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 287.63 250.35 Td (transferred ) Tj ET Q
q 0 0 0 rg BT 336.37 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 347.80 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.89 250.35 Td (customer ) Tj ET Q
q 0 0 0 rg BT 405.64 250.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 427.56 250.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 449.49 250.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 475.50 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 491.60 250.35 Td (same ) Tj ET Q
q 0 0 0 rg BT 516.43 250.35 Td (time-based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (measure ) Tj ET Q
q 0 0 0 rg BT 86.90 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 98.06 237.75 Td (progress. ) Tj ET Q
q 0 0 0 rg BT 138.67 237.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 141.08 237.75 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 190.16 237.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 246.21 237.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 282.45 237.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 297.68 237.75 Td (satisfied ) Tj ET Q
q 0 0 0 rg BT 335.08 237.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 356.16 237.75 Td (time ) Tj ET Q
q 0 0 0 rg BT 377.23 237.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 388.39 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.63 237.75 Td (customer ) Tj ET Q
q 0 0 0 rg BT 444.54 237.75 Td (simultaneously ) Tj ET Q
q 0 0 0 rg BT 510.53 237.75 Td (receives ) Tj ET Q
q 0 0 0 rg BT 547.34 237.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (consumes ) Tj ET Q
q 0 0 0 rg BT 93.54 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 108.99 225.15 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 144.85 225.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 156.23 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.68 225.15 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 210.47 225.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 246.91 225.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 262.35 225.15 Td (performed. ) Tj ET Q
q 0 0 0 rg BT 311.33 225.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 198.55034179687505 m
232.35302734375 198.55034179687505 l
s
q 0 0 0 rg BT 49.50 199.95 Td (Separate ) Tj ET Q
q 0 0 0 rg BT 87.69 199.95 Td (Account ) Tj ET Q
q 0 0 0 rg BT 125.89 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 143.67 199.95 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 171.40 199.95 Td (Advisory ) Tj ET Q
q 0 0 0 rg BT 213.11 199.95 Td (Fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (Separate ) Tj ET Q
q 0 0 0 rg BT 87.85 187.35 Td (account ) Tj ET Q
q 0 0 0 rg BT 122.71 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 140.08 187.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 165.62 187.35 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 203.99 187.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 223.10 187.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 238.12 187.35 Td (variable ) Tj ET Q
q 0 0 0 rg BT 274.14 187.35 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 332.92 187.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 360.79 187.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 370.00 187.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 411.28 187.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 437.39 187.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 450.10 187.35 Td (predetermined ) Tj ET Q
q 0 0 0 rg BT 512.94 187.35 Td (percentages ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.62 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.82 174.75 Td (daily) Tj ET Q
q 0 0 0 rg BT 96.14 174.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 101.14 174.75 Td (monthly ) Tj ET Q
q 0 0 0 rg BT 138.52 174.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 149.64 174.75 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 189.91 174.75 Td (average ) Tj ET Q
q 0 0 0 rg BT 224.93 174.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 256.45 174.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 281.57 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 292.69 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 307.37 174.75 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 336.87 174.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 347.99 174.75 Td (defined ) Tj ET Q
q 0 0 0 rg BT 381.85 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 392.40 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 407.60 174.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 456.05 174.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 512.07 174.75 Td (agreements. ) Tj ET Q
q 0 0 0 rg BT 565.13 174.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.88 162.15 Td (average ) Tj ET Q
q 0 0 0 rg BT 102.58 162.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 133.79 162.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 158.58 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 168.93 162.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 195.49 162.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 204.55 162.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 236.35 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 246.57 162.15 Td (change ) Tj ET Q
q 0 0 0 rg BT 278.36 162.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 304.32 162.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 316.88 162.15 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 368.51 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 385.73 162.15 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 425.70 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 435.92 162.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 474.71 162.15 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 512.63 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 529.85 162.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 540.65 162.15 Td (such, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (separate ) Tj ET Q
q 0 0 0 rg BT 85.72 149.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 120.21 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 137.20 149.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 162.36 149.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 200.35 149.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 219.09 149.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 233.74 149.55 Td (constrained ) Tj ET Q
q 0 0 0 rg BT 283.97 149.55 Td (until ) Tj ET Q
q 0 0 0 rg BT 305.06 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 319.72 149.55 Td (end ) Tj ET Q
q 0 0 0 rg BT 336.71 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 347.29 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.95 149.55 Td (month ) Tj ET Q
q 0 0 0 rg BT 390.61 149.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 401.19 149.55 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 432.75 149.55 Td (when ) Tj ET Q
q 0 0 0 rg BT 457.33 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 471.99 149.55 Td (actual ) Tj ET Q
q 0 0 0 rg BT 498.89 149.55 Td (average ) Tj ET Q
q 0 0 0 rg BT 533.36 149.55 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.72 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 85.94 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.70 136.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 127.69 136.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 137.17 136.95 Td (known ) Tj ET Q
q 0 0 0 rg BT 168.23 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 185.87 136.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 193.01 136.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 239.81 136.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 275.52 136.95 Td (reversal ) Tj ET Q
q 0 0 0 rg BT 311.23 136.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 320.71 136.95 Td (no ) Tj ET Q
q 0 0 0 rg BT 333.69 136.95 Td (longer ) Tj ET Q
q 0 0 0 rg BT 362.99 136.95 Td (probable. ) Tj ET Q
q 0 0 0 rg BT 404.83 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 407.13 136.95 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 453.62 136.95 Td (separate ) Tj ET Q
q 0 0 0 rg BT 490.49 136.95 Td (account ) Tj ET Q
q 0 0 0 rg BT 525.62 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 543.26 136.95 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 89.81 124.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 110.87 124.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 127.84 124.35 Td (included ) Tj ET Q
q 0 0 0 rg BT 168.15 124.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 180.46 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.44 124.35 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 247.66 124.35 Td (price ) Tj ET Q
q 0 0 0 rg BT 272.80 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.11 124.35 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 334.16 124.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 346.48 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.46 124.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 413.68 124.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 471.48 124.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 509.45 124.35 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 95.23 111.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 105.95 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 121.93 111.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 140.23 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 152.13 111.75 Td (each ) Tj ET Q
q 0 0 0 rg BT 174.50 111.75 Td (monthly ) Tj ET Q
q 0 0 0 rg BT 212.65 111.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 224.55 111.75 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 265.59 111.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 307.23 111.75 Td (period, ) Tj ET Q
q 0 0 0 rg BT 339.82 111.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 351.72 111.75 Td (specified ) Tj ET Q
q 0 0 0 rg BT 392.76 111.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 404.08 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.05 111.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 469.28 111.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 526.07 111.75 Td (contract. ) Tj ET Q
q 0 0 0 rg BT 565.13 111.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (Payment ) Tj ET Q
q 0 0 0 rg BT 89.85 99.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 105.69 99.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 143.11 99.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 170.61 99.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 220.29 99.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 277.53 99.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 319.03 99.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 329.63 99.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 348.39 99.15 Td (once ) Tj ET Q
q 0 0 0 rg BT 371.81 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.24 99.15 Td (variable ) Tj ET Q
q 0 0 0 rg BT 425.65 99.15 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 485.82 99.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 496.42 99.15 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 537.92 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.69 99.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 98.09 86.55 Td (price, ) Tj ET Q
q 0 0 0 rg BT 124.21 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 141.89 86.55 Td (generally ) Tj ET Q
q 0 0 0 rg BT 183.48 86.55 Td (within ) Tj ET Q
q 0 0 0 rg BT 212.83 86.55 Td (30 ) Tj ET Q
q 0 0 0 rg BT 225.85 86.55 Td (days. ) Tj ET Q
q 0 0 0 rg BT 250.24 86.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 252.76 86.55 Td (Recognition ) Tj ET Q
q 0 0 0 rg BT 306.60 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 317.87 86.55 Td (separate ) Tj ET Q
q 0 0 0 rg BT 354.78 86.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 389.95 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 407.63 86.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 433.48 86.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 472.16 86.55 Td (fee ) Tj ET Q
q 0 0 0 rg BT 487.50 86.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 523.24 86.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 549.67 86.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (updated ) Tj ET Q
q 0 0 0 rg BT 85.36 73.95 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 125.89 73.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 135.52 73.95 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 180.14 73.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 201.43 73.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 218.05 73.95 Td (prior ) Tj ET Q
q 0 0 0 rg BT 241.09 73.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 276.94 73.95 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 327.39 73.95 Td (process.) Tj ET Q
endstream
endobj
149 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 150 0 R>>
endobj
150 0 obj
<</Length 41606>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (72) Tj ET Q
BT /F1 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 740.350341796875 m
184.486328125 740.350341796875 l
s
q 0 0 0 rg BT 49.50 741.75 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 105.76 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.55 741.75 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 165.24 741.75 Td (Fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 105.62 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.26 729.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 164.23 729.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 183.61 729.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 198.91 729.15 Td (variable ) Tj ET Q
q 0 0 0 rg BT 235.21 729.15 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 294.26 729.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 312.48 729.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 333.04 729.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 345.44 729.15 Td (earned ) Tj ET Q
q 0 0 0 rg BT 375.90 729.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 388.88 729.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 419.92 729.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 468.48 729.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 524.61 729.15 Td (contracts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 65.88 716.55 Td (exceeding ) Tj ET Q
q 0 0 0 rg BT 112.57 716.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 169.75 716.55 Td (benchmarks ) Tj ET Q
q 0 0 0 rg BT 224.61 716.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 239.24 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 248.04 716.55 Td (relative ) Tj ET Q
q 0 0 0 rg BT 283.65 716.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 296.53 716.55 Td (absolute ) Tj ET Q
q 0 0 0 rg BT 335.65 716.55 Td (basis ) Tj ET Q
q 0 0 0 rg BT 360.79 716.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 373.66 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 390.04 716.55 Td (exceeding ) Tj ET Q
q 0 0 0 rg BT 436.73 716.55 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 487.50 716.55 Td (return ) Tj ET Q
q 0 0 0 rg BT 516.71 716.55 Td (thresholds. ) Tj ET Q
q 0 0 0 rg BT 565.12 716.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 105.59 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.20 703.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 164.13 703.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 183.49 703.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 198.75 703.95 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 241.44 703.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 251.47 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 266.75 703.95 Td (inception ) Tj ET Q
q 0 0 0 rg BT 308.27 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 319.46 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 326.57 703.95 Td (contract ) Tj ET Q
q 0 0 0 rg BT 362.84 703.95 Td (however) Tj ET Q
q 0 0 0 rg BT 398.57 703.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 403.64 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 410.75 703.95 Td (range ) Tj ET Q
q 0 0 0 rg BT 436.52 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 447.71 703.95 Td (outcomes ) Tj ET Q
q 0 0 0 rg BT 490.41 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 499.86 703.95 Td (possible ) Tj ET Q
q 0 0 0 rg BT 536.73 703.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 554.34 703.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (factors ) Tj ET Q
q 0 0 0 rg BT 80.86 691.35 Td (outside ) Tj ET Q
q 0 0 0 rg BT 113.98 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.59 691.35 Td (control ) Tj ET Q
q 0 0 0 rg BT 162.12 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 173.66 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.27 691.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 238.14 691.35 Td (manager) Tj ET Q
q 0 0 0 rg BT 273.86 691.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 279.27 691.35 Td (particularly ) Tj ET Q
q 0 0 0 rg BT 330.46 691.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 362.40 691.35 Td (conditions. ) Tj ET Q
q 0 0 0 rg BT 411.56 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 414.35 691.35 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 470.77 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 488.72 691.35 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 529.99 691.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 549.69 691.35 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 89.82 678.75 Td (excluded ) Tj ET Q
q 0 0 0 rg BT 130.14 678.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 152.98 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 168.24 678.75 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 216.73 678.75 Td (price ) Tj ET Q
q 0 0 0 rg BT 240.15 678.75 Td (until ) Tj ET Q
q 0 0 0 rg BT 261.83 678.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 270.09 678.75 Td (becomes ) Tj ET Q
q 0 0 0 rg BT 309.25 678.75 Td (probable ) Tj ET Q
q 0 0 0 rg BT 348.42 678.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 366.59 678.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 373.68 678.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 420.43 678.75 Td (reversal ) Tj ET Q
q 0 0 0 rg BT 456.09 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 466.68 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 481.94 678.75 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 531.02 678.75 Td (amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 59.90 666.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 94.79 666.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 142.50 666.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 160.49 666.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 175.57 666.15 Td (occur) Tj ET Q
q 0 0 0 rg BT 198.30 666.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 202.59 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 203.88 666.15 Td (A) Tj ET Q
q 0 0 0 rg BT 210.88 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 212.54 666.15 Td (portion ) Tj ET Q
q 0 0 0 rg BT 244.52 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.93 666.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 309.63 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 326.45 666.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 366.59 666.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 385.15 666.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 399.63 666.15 Td (earned ) Tj ET Q
q 0 0 0 rg BT 429.26 666.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 454.82 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 466.98 666.15 Td (12-month ) Tj ET Q
q 0 0 0 rg BT 509.47 666.15 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (periods ) Tj ET Q
q 0 0 0 rg BT 83.02 653.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 101.38 653.55 Td (end ) Tj ET Q
q 0 0 0 rg BT 119.15 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 129.93 653.55 Td (dif) Tj ET Q
q 0 0 0 rg BT 141.40 653.55 Td (fering ) Tj ET Q
q 0 0 0 rg BT 169.08 653.55 Td (quarters ) Tj ET Q
q 0 0 0 rg BT 205.51 653.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 235.54 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.98 653.55 Td (year) Tj ET Q
q 0 0 0 rg BT 268.63 653.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 273.86 653.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 295.14 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 302.41 653.55 Td (portion ) Tj ET Q
q 0 0 0 rg BT 335.35 653.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 354.88 653.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 381.40 653.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 394.51 653.55 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 435.02 653.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 490.68 653.55 Td (periods. ) Tj ET Q
q 0 0 0 rg BT 526.83 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 529.25 653.55 Td (W) Tj ET Q
q 0 0 0 rg BT 538.32 653.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 545.59 653.55 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (earn ) Tj ET Q
q 0 0 0 rg BT 71.52 640.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 128.53 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.65 640.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 190.09 640.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 210.95 640.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 225.41 640.95 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 273.68 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.79 640.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 325.31 640.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 350.85 640.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 390.96 640.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 410.67 640.95 Td (lock ) Tj ET Q
q 0 0 0 rg BT 432.70 640.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 444.24 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 461.02 640.95 Td (earlier ) Tj ET Q
q 0 0 0 rg BT 491.79 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 504.49 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 521.28 640.95 Td (investor) Tj ET Q
q 0 0 0 rg BT 555.50 640.95 Td (�) Tj ET Q
q 0 0 0 rg BT 558.41 640.95 Td (s ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (termination ) Tj ET Q
q 0 0 0 rg BT 100.59 628.35 Td (date ) Tj ET Q
q 0 0 0 rg BT 120.77 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 132.21 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.72 628.35 Td (liquidation ) Tj ET Q
q 0 0 0 rg BT 195.91 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.35 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 222.86 628.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 244.80 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 256.24 628.35 Td (contract, ) Tj ET Q
q 0 0 0 rg BT 295.36 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 306.22 628.35 Td (multiple-year ) Tj ET Q
q 0 0 0 rg BT 365.47 628.35 Td (intervals, ) Tj ET Q
q 0 0 0 rg BT 406.94 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 418.38 628.35 Td (specific ) Tj ET Q
q 0 0 0 rg BT 453.72 628.35 Td (events, ) Tj ET Q
q 0 0 0 rg BT 485.85 628.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 507.79 628.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 519.23 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.74 628.35 Td (sale ) Tj ET Q
q 0 0 0 rg BT 553.76 628.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 78.58 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 80.54 615.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 97.08 615.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 127.61 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 138.31 615.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 161.85 615.75 Td (products, ) Tj ET Q
q 0 0 0 rg BT 202.59 615.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 257.60 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 274.72 615.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 315.16 615.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 334.02 615.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 354.06 615.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 365.93 615.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 413.94 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 424.65 615.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 459.84 615.75 Td (earlier ) Tj ET Q
q 0 0 0 rg BT 488.61 615.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 514.47 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.26 615.75 Td (updated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 90.06 603.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 110.79 603.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 137.36 603.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 160.42 603.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 196.31 603.15 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 246.79 603.15 Td (practices, ) Tj ET Q
q 0 0 0 rg BT 289.38 603.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 317.70 603.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 355.33 603.15 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 405.81 603.15 Td (until ) Tj ET Q
q 0 0 0 rg BT 427.71 603.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 440.87 603.15 Td (contingencies ) Tj ET Q
q 0 0 0 rg BT 501.26 603.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 524.31 603.15 Td (resolved. ) Tj ET Q
q 0 0 0 rg BT 565.14 603.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (Any ) Tj ET Q
q 0 0 0 rg BT 70.30 590.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 92.26 590.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 148.03 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 165.90 590.55 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 207.10 590.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 226.72 590.55 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 275.50 590.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 298.62 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 309.51 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.05 590.55 Td (resolution ) Tj ET Q
q 0 0 0 rg BT 369.76 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 381.22 590.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 394.44 590.55 Td (contingencies ) Tj ET Q
q 0 0 0 rg BT 454.88 590.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 470.42 590.55 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 509.86 590.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 521.32 590.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 528.70 590.55 Td (contract ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (asset) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 69.91 577.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 72.54 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 83.33 577.95 Td (Other ) Tj ET Q
q 0 0 0 rg BT 109.86 577.95 Td (current ) Tj ET Q
q 0 0 0 rg BT 142.22 577.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 169.34 577.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 180.71 577.95 Td (Other ) Tj ET Q
q 0 0 0 rg BT 207.25 577.95 Td (non-current ) Tj ET Q
q 0 0 0 rg BT 258.85 577.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 285.97 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 296.77 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 312.22 577.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 370.26 577.95 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 406.70 577.95 Td (Sheet. ) Tj ET Q
q 0 0 0 rg BT 435.27 577.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 551.350341796875 m
254.63525390625 551.350341796875 l
s
q 0 0 0 rg BT 49.50 552.75 Td (Fee ) Tj ET Q
q 0 0 0 rg BT 67.10 552.75 Td (W) Tj ET Q
q 0 0 0 rg BT 76.17 552.75 Td (aivers ) Tj ET Q
q 0 0 0 rg BT 103.86 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 121.65 552.75 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 145.86 552.75 Td (Expense ) Tj ET Q
q 0 0 0 rg BT 184.06 552.75 Td (Reimbursements) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 540.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.89 540.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 86.63 540.15 Td (waive ) Tj ET Q
q 0 0 0 rg BT 114.37 540.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 145.59 540.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 165.16 540.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 180.06 540.15 Td (investors ) Tj ET Q
q 0 0 0 rg BT 220.64 540.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 232.05 540.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 252.79 540.15 Td (reimburse ) Tj ET Q
q 0 0 0 rg BT 297.44 540.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 314.10 540.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 362.84 540.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 388.83 540.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 403.74 540.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 434.96 540.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 477.28 540.15 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 517.84 540.15 Td (when ) Tj ET Q
q 0 0 0 rg BT 543.25 540.15 Td (such ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 90.10 527.55 Td (exceed ) Tj ET Q
q 0 0 0 rg BT 121.93 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 129.28 527.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 160.54 527.55 Td (threshold. ) Tj ET Q
q 0 0 0 rg BT 204.93 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 207.63 527.55 Td (Fee ) Tj ET Q
q 0 0 0 rg BT 225.48 527.55 Td (waivers ) Tj ET Q
q 0 0 0 rg BT 260.83 527.55 Td (continue ) Tj ET Q
q 0 0 0 rg BT 299.67 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 310.53 527.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 323.14 527.55 Td (reported ) Tj ET Q
q 0 0 0 rg BT 360.81 527.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 372.25 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 379.60 527.55 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 421.95 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 432.81 527.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 471.66 527.55 Td (fee ) Tj ET Q
q 0 0 0 rg BT 487.17 527.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 523.09 527.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 549.69 527.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (updated ) Tj ET Q
q 0 0 0 rg BT 85.53 514.95 Td (guidance. ) Tj ET Q
q 0 0 0 rg BT 128.84 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 131.63 514.95 Td (Under ) Tj ET Q
q 0 0 0 rg BT 160.67 514.95 Td (prior ) Tj ET Q
q 0 0 0 rg BT 183.87 514.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 232.72 514.95 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 276.04 514.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 298.08 514.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 334.69 514.95 Td (reimbursements ) Tj ET Q
q 0 0 0 rg BT 404.54 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 415.50 514.95 Td (excess ) Tj ET Q
q 0 0 0 rg BT 445.70 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 457.23 514.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 506.08 514.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 542.10 514.95 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 88.86 502.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 100.23 502.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 126.77 502.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 163.22 502.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 174.02 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.48 502.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 247.53 502.35 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 296.24 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 307.61 502.35 Td (Income. ) Tj ET Q
q 0 0 0 rg BT 344.36 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 346.99 502.35 Td (Under ) Tj ET Q
q 0 0 0 rg BT 375.86 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.32 502.35 Td (updated ) Tj ET Q
q 0 0 0 rg BT 427.19 502.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 475.89 502.35 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 519.04 502.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 543.25 502.35 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 86.34 489.75 Td (reimbursements ) Tj ET Q
q 0 0 0 rg BT 156.43 489.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 175.19 489.75 Td (exceed ) Tj ET Q
q 0 0 0 rg BT 207.36 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.21 489.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 272.29 489.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 308.53 489.75 Td (represent ) Tj ET Q
q 0 0 0 rg BT 350.03 489.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 357.72 489.75 Td (change ) Tj ET Q
q 0 0 0 rg BT 390.47 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 401.66 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.51 489.75 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 466.60 489.75 Td (price ) Tj ET Q
q 0 0 0 rg BT 490.60 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 508.78 489.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 524.62 489.75 Td (therefore ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (reported ) Tj ET Q
q 0 0 0 rg BT 87.11 477.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 98.48 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 105.76 477.15 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 148.04 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 159.41 477.15 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 208.70 477.15 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 247.48 477.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 267.01 477.15 Td (- ) Tj ET Q
q 0 0 0 rg BT 273.13 477.15 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 301.43 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 312.23 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 327.68 477.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 385.72 477.15 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 434.42 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 445.79 477.15 Td (Income.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 104.65 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.61 451.95 Td (Service ) Tj ET Q
q 0 0 0 rg BT 157.72 451.95 Td (Fees ) Tj ET Q
q 0 0 0 rg BT 180.76 451.95 Td (Revenue ) Tj ET Q
q 0 0 0 rg BT 220.71 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 239.68 451.95 Td (Expense) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 102.98 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 120.86 439.35 Td (service ) Tj ET Q
q 0 0 0 rg BT 153.31 439.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 172.94 439.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 188.48 439.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 208.11 439.35 Td (earned ) Tj ET Q
q 0 0 0 rg BT 238.81 439.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 261.94 439.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 288.00 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 298.89 439.35 Td (reimburse ) Tj ET Q
q 0 0 0 rg BT 343.60 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 359.15 439.35 Td (distributor ) Tj ET Q
q 0 0 0 rg BT 405.62 439.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 420.59 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 436.14 439.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 459.86 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 471.33 439.35 Td (marketing ) Tj ET Q
q 0 0 0 rg BT 516.62 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 534.51 439.35 Td (selling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 71.41 426.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 100.32 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 118.15 426.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 133.63 426.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 175.36 426.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 225.26 426.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 236.67 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 244.00 426.75 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 292.13 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 303.54 426.75 Td (client ) Tj ET Q
q 0 0 0 rg BT 329.53 426.75 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 359.32 426.75 Td (Reported ) Tj ET Q
q 0 0 0 rg BT 400.48 426.75 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 438.72 426.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 458.30 426.75 Td (include ) Tj ET Q
q 0 0 0 rg BT 491.88 426.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 511.45 426.75 Td (earned ) Tj ET Q
q 0 0 0 rg BT 542.09 426.75 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (providing ) Tj ET Q
q 0 0 0 rg BT 92.50 414.15 Td (client ) Tj ET Q
q 0 0 0 rg BT 117.99 414.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 128.90 414.15 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 180.04 414.15 Td (servicing, ) Tj ET Q
q 0 0 0 rg BT 223.32 414.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 265.15 414.15 Td (record ) Tj ET Q
q 0 0 0 rg BT 294.13 414.15 Td (keeping ) Tj ET Q
q 0 0 0 rg BT 329.53 414.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 340.44 414.15 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 402.68 414.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 438.66 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 448.99 414.15 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 497.81 414.15 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 525.93 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 543.25 414.15 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (discretionary ) Tj ET Q
q 0 0 0 rg BT 107.28 401.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 146.41 401.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 183.19 401.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 198.40 401.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 225.86 401.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 252.74 401.55 Td (advisement. ) Tj ET Q
q 0 0 0 rg BT 306.15 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 309.11 401.55 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 362.83 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 380.96 401.55 Td (service ) Tj ET Q
q 0 0 0 rg BT 413.66 401.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 433.53 401.55 Td (earned ) Tj ET Q
q 0 0 0 rg BT 464.47 401.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 477.94 401.55 Td (company-sponsored ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 97.70 388.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 123.16 388.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 138.10 388.95 Td (reported ) Tj ET Q
q 0 0 0 rg BT 175.21 388.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 186.08 388.95 Td (revenue. ) Tj ET Q
q 0 0 0 rg BT 224.06 388.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 226.18 388.95 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 279.06 388.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 315.00 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.28 388.95 Td (marketing ) Tj ET Q
q 0 0 0 rg BT 376.98 388.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 412.92 388.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 427.86 388.95 Td (considered ) Tj ET Q
q 0 0 0 rg BT 475.47 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 482.25 388.95 Td (single ) Tj ET Q
q 0 0 0 rg BT 509.46 388.95 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 94.33 376.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 105.33 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.41 376.35 Td (success ) Tj ET Q
q 0 0 0 rg BT 154.15 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.15 376.35 Td (selling ) Tj ET Q
q 0 0 0 rg BT 195.40 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 210.48 376.35 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 258.22 376.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 286.71 376.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 295.97 376.35 Td (highly ) Tj ET Q
q 0 0 0 rg BT 325.05 376.35 Td (dependent ) Tj ET Q
q 0 0 0 rg BT 370.45 376.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 393.71 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.78 376.35 Td (sales ) Tj ET Q
q 0 0 0 rg BT 431.45 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.86 376.35 Td (marketing ) Tj ET Q
q 0 0 0 rg BT 493.68 376.35 Td (ef) Tj ET Q
q 0 0 0 rg BT 501.65 376.35 Td (forts. ) Tj ET Q
q 0 0 0 rg BT 525.77 376.35 Td (Ongoing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 101.23 363.75 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 142.47 363.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 152.23 363.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 159.64 363.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 196.79 363.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 252.59 363.75 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 297.92 363.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 309.42 363.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 333.75 363.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 370.32 363.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 385.89 363.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 402.06 363.75 Td (highly ) Tj ET Q
q 0 0 0 rg BT 431.64 363.75 Td (interrelated ) Tj ET Q
q 0 0 0 rg BT 482.20 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 500.11 363.75 Td (interdependent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.60 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.03 351.15 Td (sale ) Tj ET Q
q 0 0 0 rg BT 96.96 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.30 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.73 351.15 Td (shares. ) Tj ET Q
q 0 0 0 rg BT 155.20 351.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.80 351.15 Td (Fees ) Tj ET Q
q 0 0 0 rg BT 179.65 351.15 Td (earned ) Tj ET Q
q 0 0 0 rg BT 210.23 351.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 241.39 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 252.16 351.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 303.18 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 320.94 351.15 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 372.52 351.15 Td (serving ) Tj ET Q
q 0 0 0 rg BT 406.03 351.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 421.45 351.15 Td (considered ) Tj ET Q
q 0 0 0 rg BT 469.53 351.15 Td (variable ) Tj ET Q
q 0 0 0 rg BT 505.95 351.15 Td (consideration ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (because ) Tj ET Q
q 0 0 0 rg BT 85.13 338.55 Td (they ) Tj ET Q
q 0 0 0 rg BT 105.61 338.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 120.83 338.55 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 165.79 338.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 192.10 338.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 205.01 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.24 338.55 Td (average ) Tj ET Q
q 0 0 0 rg BT 255.28 338.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 286.84 338.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 311.98 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.13 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.36 338.55 Td (fund. ) Tj ET Q
q 0 0 0 rg BT 362.64 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 364.87 338.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 383.59 338.55 Td (average ) Tj ET Q
q 0 0 0 rg BT 418.64 338.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 450.19 338.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 475.34 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 486.49 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 501.72 338.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 523.37 338.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 532.77 338.55 Td (subject ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.86 325.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 91.79 325.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 117.89 325.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 130.58 325.95 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 182.35 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.71 325.95 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 239.82 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 250.18 325.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 289.10 325.95 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 327.16 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 344.52 325.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 355.46 325.95 Td (such, ) Tj ET Q
q 0 0 0 rg BT 379.53 325.95 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 430.14 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 447.50 325.95 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 498.67 325.95 Td (service ) Tj ET Q
q 0 0 0 rg BT 530.60 325.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 549.69 325.95 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (generally ) Tj ET Q
q 0 0 0 rg BT 90.53 313.35 Td (constrained ) Tj ET Q
q 0 0 0 rg BT 140.90 313.35 Td (until ) Tj ET Q
q 0 0 0 rg BT 162.12 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.92 313.35 Td (end ) Tj ET Q
q 0 0 0 rg BT 194.05 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 204.76 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 219.56 313.35 Td (month ) Tj ET Q
q 0 0 0 rg BT 248.36 313.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 259.08 313.35 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 290.78 313.35 Td (when ) Tj ET Q
q 0 0 0 rg BT 315.49 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.29 313.35 Td (actual ) Tj ET Q
q 0 0 0 rg BT 357.33 313.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 388.45 313.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 413.15 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 423.87 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 438.67 313.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 459.88 313.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 468.85 313.35 Td (known, ) Tj ET Q
q 0 0 0 rg BT 502.03 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 519.16 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.96 313.35 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 85.34 300.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 94.96 300.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 108.07 300.75 Td (longer ) Tj ET Q
q 0 0 0 rg BT 137.51 300.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 169.86 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 180.64 300.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 187.91 300.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 234.85 300.75 Td (reversal. ) Tj ET Q
q 0 0 0 rg BT 273.32 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 275.74 300.75 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 322.36 300.75 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 373.40 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 391.17 300.75 Td (service ) Tj ET Q
q 0 0 0 rg BT 423.51 300.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 443.03 300.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 458.46 300.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 500.14 300.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 538.91 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.69 300.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 97.31 288.15 Td (price ) Tj ET Q
q 0 0 0 rg BT 120.04 288.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 129.36 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.93 288.15 Td (end ) Tj ET Q
q 0 0 0 rg BT 160.84 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 171.33 288.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 192.30 288.15 Td (monthly ) Tj ET Q
q 0 0 0 rg BT 229.05 288.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 239.54 288.15 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 279.18 288.15 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 319.41 288.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 347.98 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 364.88 288.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 379.44 288.15 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 419.08 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 428.99 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.56 288.15 Td (two ) Tj ET Q
q 0 0 0 rg BT 461.06 288.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 515.85 288.15 Td (obligations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 76.57 275.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 90.23 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.22 275.55 Td (amount ) Tj ET Q
q 0 0 0 rg BT 140.87 275.55 Td (specified ) Tj ET Q
q 0 0 0 rg BT 181.93 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 193.26 275.55 Td (each ) Tj ET Q
q 0 0 0 rg BT 215.66 275.55 Td (agreement. ) Tj ET Q
q 0 0 0 rg BT 265.17 275.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 268.10 275.55 Td (While ) Tj ET Q
q 0 0 0 rg BT 296.91 275.55 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 348.50 275.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 385.48 275.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 401.45 275.55 Td (lar) Tj ET Q
q 0 0 0 rg BT 412.34 275.55 Td (gely ) Tj ET Q
q 0 0 0 rg BT 433.58 275.55 Td (satisfied ) Tj ET Q
q 0 0 0 rg BT 471.73 275.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 482.47 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 498.46 275.55 Td (inception ) Tj ET Q
q 0 0 0 rg BT 540.69 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 552.60 275.55 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (investment, ) Tj ET Q
q 0 0 0 rg BT 100.79 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 116.20 262.95 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 153.20 262.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 191.36 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.70 262.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 238.51 262.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 253.91 262.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 286.24 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 296.99 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 312.41 262.95 Td (variable ) Tj ET Q
q 0 0 0 rg BT 348.81 262.95 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 407.96 262.95 Td (constraint. ) Tj ET Q
q 0 0 0 rg BT 454.58 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 456.59 262.95 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 508.40 262.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 513.61 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 520.85 262.95 Td (portion ) Tj ET Q
q 0 0 0 rg BT 553.77 262.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 100.41 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 118.05 250.35 Td (service ) Tj ET Q
q 0 0 0 rg BT 150.27 250.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 185.98 250.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 204.80 250.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 217.20 250.35 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 265.74 250.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 276.40 250.35 Td (periods ) Tj ET Q
q 0 0 0 rg BT 309.79 250.35 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 358.94 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 369.59 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.90 250.35 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 435.21 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 446.44 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 461.76 250.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 517.29 250.35 Td (obligation. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 82.37 225.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 103.59 225.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 127.71 225.15 Td (classes ) Tj ET Q
q 0 0 0 rg BT 158.83 225.15 Td (only ) Tj ET Q
q 0 0 0 rg BT 179.46 225.15 Td (char) Tj ET Q
q 0 0 0 rg BT 197.34 225.15 Td (ge ) Tj ET Q
q 0 0 0 rg BT 209.22 225.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 223.43 225.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 273.82 225.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 309.60 225.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 319.15 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 333.94 225.15 Td (inception ) Tj ET Q
q 0 0 0 rg BT 374.98 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.69 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.49 225.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 448.53 225.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 474.41 225.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 486.87 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 493.50 225.15 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 517.04 225.15 Td (percentage ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.72 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.02 212.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 100.65 212.55 Td (price. ) Tj ET Q
q 0 0 0 rg BT 126.73 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 129.02 212.55 Td (This ) Tj ET Q
q 0 0 0 rg BT 150.16 212.55 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 174.21 212.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 197.67 212.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 207.15 212.55 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 247.51 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 258.15 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 273.46 212.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 328.98 212.55 Td (obligation, ) Tj ET Q
q 0 0 0 rg BT 376.66 212.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 404.79 212.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 414.27 212.55 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 469.82 212.55 Td (satisfied ) Tj ET Q
q 0 0 0 rg BT 507.29 212.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 517.34 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 532.64 212.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 553.77 212.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 199.95 Td (initial ) Tj ET Q
q 0 0 0 rg BT 92.08 199.95 Td (investment.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (Recognition ) Tj ET Q
q 0 0 0 rg BT 102.16 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.23 174.75 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 161.98 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 178.47 174.75 Td (service ) Tj ET Q
q 0 0 0 rg BT 209.53 174.75 Td (fee ) Tj ET Q
q 0 0 0 rg BT 223.67 174.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 258.23 174.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 283.47 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 297.62 174.75 Td (updated ) Tj ET Q
q 0 0 0 rg BT 332.19 174.75 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 371.42 174.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 379.75 174.75 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 423.07 174.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 443.07 174.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 458.39 174.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 480.13 174.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 514.69 174.75 Td (recognition ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (process. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (When ) Tj ET Q
q 0 0 0 rg BT 78.64 136.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 94.95 136.95 Td (enter ) Tj ET Q
q 0 0 0 rg BT 120.01 136.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 140.41 136.95 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 201.04 136.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 223.77 136.95 Td (broker) Tj ET Q
q 0 0 0 rg BT 250.97 136.95 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 288.27 136.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 301.08 136.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 326.72 136.95 Td (third ) Tj ET Q
q 0 0 0 rg BT 350.62 136.95 Td (parties ) Tj ET Q
q 0 0 0 rg BT 382.68 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 394.92 136.95 Td (sell ) Tj ET Q
q 0 0 0 rg BT 413.57 136.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 426.39 136.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 459.61 136.95 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 510.32 136.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 533.64 136.95 Td (shares, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 100.41 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 118.07 124.35 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 159.05 124.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 195.37 124.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 204.86 124.35 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 240.00 124.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 254.73 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 270.06 124.35 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 308.13 124.35 Td (owed ) Tj ET Q
q 0 0 0 rg BT 333.37 124.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 344.03 124.35 Td (third ) Tj ET Q
q 0 0 0 rg BT 366.36 124.35 Td (parties, ) Tj ET Q
q 0 0 0 rg BT 399.47 124.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 441.62 124.35 Td (finders' ) Tj ET Q
q 0 0 0 rg BT 475.17 124.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 494.57 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 512.22 124.35 Td (referral ) Tj ET Q
q 0 0 0 rg BT 545.60 124.35 Td (fees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 71.71 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 84.01 111.75 Td (unaf) Tj ET Q
q 0 0 0 rg BT 102.48 111.75 Td (filiated ) Tj ET Q
q 0 0 0 rg BT 136.35 111.75 Td (broker) Tj ET Q
q 0 0 0 rg BT 163.54 111.75 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 200.91 111.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 213.78 111.75 Td (introducing ) Tj ET Q
q 0 0 0 rg BT 266.33 111.75 Td (parties ) Tj ET Q
q 0 0 0 rg BT 298.45 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 317.74 111.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 328.88 111.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 369.74 111.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 382.62 111.75 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 437.50 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 456.80 111.75 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 499.42 111.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 537.37 111.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.67 111.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 107.51 99.15 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 156.18 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.52 99.15 Td (Income. ) Tj ET Q
q 0 0 0 rg BT 204.22 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 206.81 99.15 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 260.16 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 277.91 99.15 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 318.99 99.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 355.41 99.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 374.91 99.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 412.50 99.15 Td (payments ) Tj ET Q
q 0 0 0 rg BT 455.33 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 466.09 99.15 Td (third ) Tj ET Q
q 0 0 0 rg BT 488.52 99.15 Td (parties ) Tj ET Q
q 0 0 0 rg BT 519.10 99.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 533.94 99.15 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 101.10 86.55 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 163.80 86.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 200.24 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 218.03 86.55 Td (sub-advisory ) Tj ET Q
q 0 0 0 rg BT 274.90 86.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 294.43 86.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 315.13 86.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 325.92 86.55 Td (unaf) Tj ET Q
q 0 0 0 rg BT 344.39 86.55 Td (filiated ) Tj ET Q
q 0 0 0 rg BT 376.75 86.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 399.79 86.55 Td (managers.) Tj ET Q
endstream
endobj
151 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 152 0 R>>
endobj
152 0 obj
<</Length 43681>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (73) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Contract ) Tj ET Q
q 0 0 0 rg BT 90.05 741.90 Td (Costs ) Tj ET Q
q 0 0 0 rg BT 116.02 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.98 741.90 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 176.09 741.90 Td (Sales ) Tj ET Q
q 0 0 0 rg BT 201.47 741.90 Td (Commissions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 729.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 66.01 729.30 Td (incur ) Tj ET Q
q 0 0 0 rg BT 90.36 729.30 Td (ordinary ) Tj ET Q
q 0 0 0 rg BT 128.71 729.30 Td (costs ) Tj ET Q
q 0 0 0 rg BT 152.48 729.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 163.43 729.30 Td (obtain ) Tj ET Q
q 0 0 0 rg BT 192.45 729.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 241.30 729.30 Td (management ) Tj ET Q
q 0 0 0 rg BT 297.72 729.30 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 338.40 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 356.34 729.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 371.36 729.30 Td (services ) Tj ET Q
q 0 0 0 rg BT 407.95 729.30 Td (provided ) Tj ET Q
q 0 0 0 rg BT 448.05 729.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 459.00 729.30 Td (customers ) Tj ET Q
q 0 0 0 rg BT 504.35 729.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 515.29 729.30 Td (accordance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 70.25 716.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 118.40 716.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 174.13 716.70 Td (agreements. ) Tj ET Q
q 0 0 0 rg BT 226.64 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 228.57 716.70 Td (These ) Tj ET Q
q 0 0 0 rg BT 255.72 716.70 Td (costs ) Tj ET Q
q 0 0 0 rg BT 278.80 716.70 Td (include ) Tj ET Q
q 0 0 0 rg BT 311.79 716.70 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 368.71 716.70 Td (paid ) Tj ET Q
q 0 0 0 rg BT 388.86 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 399.11 716.70 Td (wholesalers, ) Tj ET Q
q 0 0 0 rg BT 453.38 716.70 Td (employees ) Tj ET Q
q 0 0 0 rg BT 500.37 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 517.61 716.70 Td (third-party ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (broker ) Tj ET Q
q 0 0 0 rg BT 79.41 704.10 Td (dealers ) Tj ET Q
q 0 0 0 rg BT 111.66 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 129.33 704.10 Td (administration ) Tj ET Q
q 0 0 0 rg BT 192.50 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 210.17 704.10 Td (placement ) Tj ET Q
q 0 0 0 rg BT 255.82 704.10 Td (fees. ) Tj ET Q
q 0 0 0 rg BT 277.86 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 280.37 704.10 Td (Depending ) Tj ET Q
q 0 0 0 rg BT 328.95 704.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 341.96 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.30 704.10 Td (type ) Tj ET Q
q 0 0 0 rg BT 377.89 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 389.14 704.10 Td (services ) Tj ET Q
q 0 0 0 rg BT 425.47 704.10 Td (provided, ) Tj ET Q
q 0 0 0 rg BT 467.93 704.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 492.02 704.10 Td (fees ) Tj ET Q
q 0 0 0 rg BT 511.43 704.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 532.02 704.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 544.44 704.10 Td (paid ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 59.91 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.56 691.50 Td (time ) Tj ET Q
q 0 0 0 rg BT 97.05 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.71 691.50 Td (contract ) Tj ET Q
q 0 0 0 rg BT 149.35 691.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 159.18 691.50 Td (obtained ) Tj ET Q
q 0 0 0 rg BT 198.16 691.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 209.74 691.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 223.07 691.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 235.80 691.50 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 273.05 691.50 Td (basis. ) Tj ET Q
q 0 0 0 rg BT 299.50 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 302.33 691.50 Td (Under ) Tj ET Q
q 0 0 0 rg BT 331.40 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.05 691.50 Td (updated ) Tj ET Q
q 0 0 0 rg BT 383.12 691.50 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 426.47 691.50 Td (costs ) Tj ET Q
q 0 0 0 rg BT 450.30 691.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 461.30 691.50 Td (obtain ) Tj ET Q
q 0 0 0 rg BT 490.37 691.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 497.86 691.50 Td (contract ) Tj ET Q
q 0 0 0 rg BT 534.50 691.50 Td (should ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 61.75 678.90 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 109.56 678.90 Td (if ) Tj ET Q
q 0 0 0 rg BT 118.32 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.49 678.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 156.83 678.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 171.99 678.90 Td (incremental ) Tj ET Q
q 0 0 0 rg BT 223.89 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 241.39 678.90 Td (would ) Tj ET Q
q 0 0 0 rg BT 269.98 678.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 285.74 678.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 307.90 678.90 Td (been ) Tj ET Q
q 0 0 0 rg BT 330.06 678.90 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 367.38 678.90 Td (if ) Tj ET Q
q 0 0 0 rg BT 376.14 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.30 678.90 Td (contract ) Tj ET Q
q 0 0 0 rg BT 427.46 678.90 Td (had ) Tj ET Q
q 0 0 0 rg BT 444.96 678.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 460.72 678.90 Td (been ) Tj ET Q
q 0 0 0 rg BT 482.88 678.90 Td (obtained, ) Tj ET Q
q 0 0 0 rg BT 524.00 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 541.50 678.90 Td (costs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.33 666.30 Td (fulfill ) Tj ET Q
q 0 0 0 rg BT 86.90 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 102.40 666.30 Td (contract ) Tj ET Q
q 0 0 0 rg BT 138.87 666.30 Td (should ) Tj ET Q
q 0 0 0 rg BT 169.54 666.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 182.11 666.30 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 230.24 666.30 Td (if ) Tj ET Q
q 0 0 0 rg BT 239.32 666.30 Td (they ) Tj ET Q
q 0 0 0 rg BT 260.06 666.30 Td (relate ) Tj ET Q
q 0 0 0 rg BT 286.04 666.30 Td (directly ) Tj ET Q
q 0 0 0 rg BT 320.77 666.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 331.60 666.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 338.92 666.30 Td (contract, ) Tj ET Q
q 0 0 0 rg BT 378.02 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 393.51 666.30 Td (costs ) Tj ET Q
q 0 0 0 rg BT 417.18 666.30 Td (will ) Tj ET Q
q 0 0 0 rg BT 436.17 666.30 Td (generate ) Tj ET Q
q 0 0 0 rg BT 474.39 666.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 485.80 666.30 Td (enhance ) Tj ET Q
q 0 0 0 rg BT 522.85 666.30 Td (resources ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.52 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.61 653.70 Td (entity ) Tj ET Q
q 0 0 0 rg BT 101.80 653.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 119.81 653.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 138.42 653.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 150.60 653.70 Td (used ) Tj ET Q
q 0 0 0 rg BT 172.12 653.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 182.55 653.70 Td (satisfying ) Tj ET Q
q 0 0 0 rg BT 225.66 653.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 280.98 653.70 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 329.91 653.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 340.35 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 355.45 653.70 Td (future, ) Tj ET Q
q 0 0 0 rg BT 385.42 653.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 402.85 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.94 653.70 Td (costs ) Tj ET Q
q 0 0 0 rg BT 441.22 653.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 456.30 653.70 Td (expected ) Tj ET Q
q 0 0 0 rg BT 495.88 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 506.32 653.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 518.50 653.70 Td (recovered. ) Tj ET Q
q 0 0 0 rg BT 565.14 653.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (Consistent ) Tj ET Q
q 0 0 0 rg BT 96.01 641.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 116.85 641.10 Td (prior ) Tj ET Q
q 0 0 0 rg BT 139.44 641.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 187.68 641.10 Td (procedures, ) Tj ET Q
q 0 0 0 rg BT 238.54 641.10 Td (fund ) Tj ET Q
q 0 0 0 rg BT 259.96 641.10 Td (launch ) Tj ET Q
q 0 0 0 rg BT 290.12 641.10 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 315.92 641.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 357.76 641.10 Td (or) Tj ET Q
q 0 0 0 rg BT 366.32 641.10 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 419.80 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 437.14 641.10 Td (underwriting ) Tj ET Q
q 0 0 0 rg BT 493.55 641.10 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 519.35 641.10 Td (placement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (fees ) Tj ET Q
q 0 0 0 rg BT 68.88 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 86.51 628.50 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 143.83 628.50 Td (paid ) Tj ET Q
q 0 0 0 rg BT 164.38 628.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 175.02 628.50 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 225.02 628.50 Td (wholesalers ) Tj ET Q
q 0 0 0 rg BT 277.06 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 294.70 628.50 Td (broker) Tj ET Q
q 0 0 0 rg BT 321.89 628.50 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 357.59 628.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 372.31 628.50 Td (sales ) Tj ET Q
q 0 0 0 rg BT 395.20 628.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 406.42 628.50 Td (fund ) Tj ET Q
q 0 0 0 rg BT 428.14 628.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 456.85 628.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 472.14 628.50 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 513.68 628.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 524.91 628.50 Td (incurred, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.33 615.90 Td (these ) Tj ET Q
q 0 0 0 rg BT 83.99 615.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 107.08 615.90 Td (would ) Tj ET Q
q 0 0 0 rg BT 135.42 615.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 147.41 615.90 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 184.48 615.90 Td (regardless ) Tj ET Q
q 0 0 0 rg BT 229.13 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.96 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.88 615.90 Td (investor) Tj ET Q
q 0 0 0 rg BT 288.13 615.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 292.84 615.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 294.92 615.90 Td (However) Tj ET Q
q 0 0 0 rg BT 332.98 615.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 337.69 615.90 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 394.62 615.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 414.78 615.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 425.04 615.90 Td (employees ) Tj ET Q
q 0 0 0 rg BT 472.03 615.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 489.27 615.90 Td (retail ) Tj ET Q
q 0 0 0 rg BT 512.93 615.90 Td (wholesalers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.95 603.30 Td (connection ) Tj ET Q
q 0 0 0 rg BT 108.30 603.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 129.25 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 144.36 603.30 Td (sale ) Tj ET Q
q 0 0 0 rg BT 162.96 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 173.99 603.30 Td (retail ) Tj ET Q
q 0 0 0 rg BT 197.84 603.30 Td (separate ) Tj ET Q
q 0 0 0 rg BT 234.52 603.30 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 273.54 603.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 288.64 603.30 Td (considered ) Tj ET Q
q 0 0 0 rg BT 336.40 603.30 Td (incremental, ) Tj ET Q
q 0 0 0 rg BT 390.87 603.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 401.90 603.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 425.75 603.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 444.94 603.30 Td (relate ) Tj ET Q
q 0 0 0 rg BT 470.53 603.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 480.98 603.30 Td (obtaining ) Tj ET Q
q 0 0 0 rg BT 522.93 603.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 529.87 603.30 Td (specific ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (contract, ) Tj ET Q
q 0 0 0 rg BT 88.73 590.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 104.34 590.70 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 149.69 590.70 Td (based ) Tj ET Q
q 0 0 0 rg BT 176.39 590.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 189.68 590.70 Td (specific ) Tj ET Q
q 0 0 0 rg BT 225.13 590.70 Td (rates ) Tj ET Q
q 0 0 0 rg BT 247.74 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 265.70 590.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 281.31 590.70 Td (recoverable ) Tj ET Q
q 0 0 0 rg BT 333.06 590.70 Td (through ) Tj ET Q
q 0 0 0 rg BT 368.52 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.14 590.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 440.58 590.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 460.28 590.70 Td (earned ) Tj ET Q
q 0 0 0 rg BT 491.05 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 509.00 590.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 524.61 590.70 Td (therefore ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 96.69 578.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 122.32 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 136.87 578.10 Td (updated ) Tj ET Q
q 0 0 0 rg BT 171.83 578.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 219.62 578.10 Td (guidance. ) Tj ET Q
q 0 0 0 rg BT 261.87 578.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 263.59 578.10 Td (Such ) Tj ET Q
q 0 0 0 rg BT 286.31 578.10 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 342.87 578.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 364.99 578.10 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 405.78 578.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 416.25 578.10 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 452.95 578.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 478.58 578.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 494.30 578.10 Td (prior ) Tj ET Q
q 0 0 0 rg BT 516.43 578.10 Td (accounting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (practices. ) Tj ET Q
q 0 0 0 rg BT 92.25 565.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 95.05 565.50 Td (Capitalized ) Tj ET Q
q 0 0 0 rg BT 145.68 565.50 Td (sales ) Tj ET Q
q 0 0 0 rg BT 168.90 565.50 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 226.55 565.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 242.18 565.50 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 286.97 565.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 313.69 565.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 327.00 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.63 565.50 Td (transfer ) Tj ET Q
q 0 0 0 rg BT 377.51 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 389.06 565.50 Td (services ) Tj ET Q
q 0 0 0 rg BT 425.69 565.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 436.67 565.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 465.14 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 480.78 565.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 508.09 565.50 Td (relate, ) Tj ET Q
q 0 0 0 rg BT 536.83 565.50 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (averages ) Tj ET Q
q 0 0 0 rg BT 88.85 552.90 Td (four ) Tj ET Q
q 0 0 0 rg BT 108.97 552.90 Td (years.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (Commissions ) Tj ET Q
q 0 0 0 rg BT 109.43 527.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 124.42 527.70 Td (pay ) Tj ET Q
q 0 0 0 rg BT 142.33 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 153.24 527.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 192.72 527.70 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 255.52 527.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 266.44 527.70 Td (connection ) Tj ET Q
q 0 0 0 rg BT 315.25 527.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 336.67 527.70 Td (sales ) Tj ET Q
q 0 0 0 rg BT 359.82 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.32 527.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 402.63 527.70 Td (classes ) Tj ET Q
q 0 0 0 rg BT 434.53 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 446.03 527.70 Td (company-sponsored ) Tj ET Q
q 0 0 0 rg BT 533.34 527.70 Td (mutual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (funds ) Tj ET Q
q 0 0 0 rg BT 76.13 515.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 92.25 515.10 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 141.02 515.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 153.06 515.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 191.33 515.10 Td (sales ) Tj ET Q
q 0 0 0 rg BT 215.04 515.10 Td (commissions. ) Tj ET Q
q 0 0 0 rg BT 275.57 515.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 295.19 515.10 Td (asset ) Tj ET Q
q 0 0 0 rg BT 318.90 515.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 329.20 515.10 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 374.48 515.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 396.43 515.10 Td (periods ) Tj ET Q
q 0 0 0 rg BT 430.64 515.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 447.36 515.10 Td (exceeding ) Tj ET Q
q 0 0 0 rg BT 493.22 515.10 Td (six ) Tj ET Q
q 0 0 0 rg BT 508.77 515.10 Td (years, ) Tj ET Q
q 0 0 0 rg BT 536.85 515.10 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (represent ) Tj ET Q
q 0 0 0 rg BT 89.86 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.58 502.50 Td (periods ) Tj ET Q
q 0 0 0 rg BT 137.37 502.50 Td (during ) Tj ET Q
q 0 0 0 rg BT 166.67 502.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 194.22 502.50 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 250.94 502.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 265.65 502.50 Td (generally ) Tj ET Q
q 0 0 0 rg BT 306.60 502.50 Td (recovered ) Tj ET Q
q 0 0 0 rg BT 349.87 502.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 372.16 502.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 422.47 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 439.52 502.50 Td (service ) Tj ET Q
q 0 0 0 rg BT 471.13 502.50 Td (fee ) Tj ET Q
q 0 0 0 rg BT 485.84 502.50 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 525.04 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 542.08 502.50 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 97.12 489.90 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 135.39 489.90 Td (sales ) Tj ET Q
q 0 0 0 rg BT 159.10 489.90 Td (char) Tj ET Q
q 0 0 0 rg BT 176.98 489.90 Td (ges ) Tj ET Q
q 0 0 0 rg BT 194.27 489.90 Td (\("CDSC"\) ) Tj ET Q
q 0 0 0 rg BT 240.57 489.90 Td (received ) Tj ET Q
q 0 0 0 rg BT 279.42 489.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 303.13 489.90 Td (shareholders ) Tj ET Q
q 0 0 0 rg BT 359.49 489.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.54 489.90 Td (those ) Tj ET Q
q 0 0 0 rg BT 397.00 489.90 Td (funds ) Tj ET Q
q 0 0 0 rg BT 423.63 489.90 Td (upon ) Tj ET Q
q 0 0 0 rg BT 447.93 489.90 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 499.05 489.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 511.09 489.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 533.63 489.90 Td (shares. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (CDSC ) Tj ET Q
q 0 0 0 rg BT 79.16 477.30 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 137.96 477.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 147.20 477.30 Td (generally ) Tj ET Q
q 0 0 0 rg BT 188.50 477.30 Td (variable ) Tj ET Q
q 0 0 0 rg BT 224.55 477.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 241.94 477.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 251.18 477.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 277.32 477.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 290.06 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 305.12 477.30 Td (timing ) Tj ET Q
q 0 0 0 rg BT 334.77 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 345.75 477.30 Td (when ) Tj ET Q
q 0 0 0 rg BT 370.73 477.30 Td (investors ) Tj ET Q
q 0 0 0 rg BT 410.88 477.30 Td (redeem ) Tj ET Q
q 0 0 0 rg BT 444.01 477.30 Td (their ) Tj ET Q
q 0 0 0 rg BT 465.48 477.30 Td (investment. ) Tj ET Q
q 0 0 0 rg BT 516.42 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 518.49 477.30 Td (Therefore, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.36 464.70 Td (variable ) Tj ET Q
q 0 0 0 rg BT 100.21 464.70 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 158.81 464.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 167.84 464.70 Td (included ) Tj ET Q
q 0 0 0 rg BT 206.03 464.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 216.23 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.09 464.70 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 279.19 464.70 Td (price ) Tj ET Q
q 0 0 0 rg BT 302.21 464.70 Td (once ) Tj ET Q
q 0 0 0 rg BT 324.07 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.93 464.70 Td (investors ) Tj ET Q
q 0 0 0 rg BT 378.87 464.70 Td (redeem ) Tj ET Q
q 0 0 0 rg BT 411.80 464.70 Td (their ) Tj ET Q
q 0 0 0 rg BT 433.08 464.70 Td (shares ) Tj ET Q
q 0 0 0 rg BT 461.35 464.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 478.54 464.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 487.58 464.70 Td (satisfied ) Tj ET Q
q 0 0 0 rg BT 524.61 464.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 534.22 464.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 540.91 464.70 Td (point ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.37 452.10 Td (time. ) Tj ET Q
q 0 0 0 rg BT 82.35 452.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 84.05 452.10 Td (CDSC ) Tj ET Q
q 0 0 0 rg BT 113.18 452.10 Td (receipts ) Tj ET Q
q 0 0 0 rg BT 147.53 452.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 162.05 452.10 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 200.48 452.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 210.92 452.10 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 261.04 452.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 277.90 452.10 Td (service ) Tj ET Q
q 0 0 0 rg BT 309.34 452.10 Td (fee ) Tj ET Q
q 0 0 0 rg BT 323.85 452.10 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 358.78 452.10 Td (when ) Tj ET Q
q 0 0 0 rg BT 383.22 452.10 Td (received ) Tj ET Q
q 0 0 0 rg BT 420.48 452.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 437.34 452.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 443.70 452.10 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 485.05 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 495.50 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 510.03 452.10 Td (unamortized ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (balance ) Tj ET Q
q 0 0 0 rg BT 83.46 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.11 439.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 130.99 439.50 Td (sales ) Tj ET Q
q 0 0 0 rg BT 153.30 439.50 Td (commissions, ) Tj ET Q
q 0 0 0 rg BT 212.67 439.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 233.24 439.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 239.81 439.50 Td (corresponding ) Tj ET Q
q 0 0 0 rg BT 301.78 439.50 Td (expense. ) Tj ET Q
q 0 0 0 rg BT 340.13 439.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 342.03 439.50 Td (Under ) Tj ET Q
q 0 0 0 rg BT 370.17 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.90 439.50 Td (updated ) Tj ET Q
q 0 0 0 rg BT 420.05 439.50 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 468.02 439.50 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 510.44 439.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.92 439.50 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (has ) Tj ET Q
q 0 0 0 rg BT 66.53 426.90 Td (elected ) Tj ET Q
q 0 0 0 rg BT 99.29 426.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 110.48 426.90 Td (expense ) Tj ET Q
q 0 0 0 rg BT 147.33 426.90 Td (sales ) Tj ET Q
q 0 0 0 rg BT 170.77 426.90 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 228.64 426.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 260.24 426.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 271.44 426.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 303.03 426.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 328.21 426.90 Td (classes ) Tj ET Q
q 0 0 0 rg BT 360.40 426.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 382.10 426.90 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 438.20 426.90 Td (periods ) Tj ET Q
q 0 0 0 rg BT 472.14 426.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 483.92 426.90 Td (one ) Tj ET Q
q 0 0 0 rg BT 502.11 426.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 523.20 426.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 534.98 426.90 Td (less ) Tj ET Q
q 0 0 0 rg BT 553.76 426.90 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (incurred.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (V) Tj ET Q
q 0 0 0 rg BT 56.12 389.10 Td (aluation ) Tj ET Q
q 0 0 0 rg BT 95.51 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.88 389.10 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 151.51 389.10 Td (Instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (Substantially ) Tj ET Q
q 0 0 0 rg BT 106.59 376.50 Td (all ) Tj ET Q
q 0 0 0 rg BT 119.34 376.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 158.33 376.50 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 209.58 376.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 224.66 376.50 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 263.64 376.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 274.06 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 289.14 376.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 328.13 376.50 Td (statements ) Tj ET Q
q 0 0 0 rg BT 374.71 376.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 384.54 376.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 401.37 376.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 426.37 376.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 437.37 376.50 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 475.21 376.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 493.21 376.50 Td (approximate ) Tj ET Q
q 0 0 0 rg BT 547.94 376.50 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (value. ) Tj ET Q
q 0 0 0 rg BT 77.45 363.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 80.04 363.90 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 110.63 363.90 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 166.01 363.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 214.68 363.90 Td (securities ) Tj ET Q
q 0 0 0 rg BT 256.93 363.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 274.68 363.90 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 319.25 363.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 346.34 363.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 364.09 363.90 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 405.76 363.90 Td (included ) Tj ET Q
q 0 0 0 rg BT 444.50 363.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 455.26 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.68 363.90 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 528.68 363.90 Td (Balance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 78.74 351.30 Td (include ) Tj ET Q
q 0 0 0 rg BT 111.47 351.30 Td (forms ) Tj ET Q
q 0 0 0 rg BT 137.79 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 148.37 351.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 186.92 351.30 Td (instruments. ) Tj ET Q
q 0 0 0 rg BT 240.37 351.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 242.20 351.30 Td (Unrealized ) Tj ET Q
q 0 0 0 rg BT 290.08 351.30 Td (gains ) Tj ET Q
q 0 0 0 rg BT 314.07 351.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 331.06 351.30 Td (losses ) Tj ET Q
q 0 0 0 rg BT 357.97 351.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 388.36 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 398.35 351.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 421.75 351.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 460.31 351.30 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 511.13 351.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 525.77 351.30 Td (reflected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.23 338.70 Td (Net ) Tj ET Q
q 0 0 0 rg BT 79.95 338.70 Td (Income ) Tj ET Q
q 0 0 0 rg BT 114.99 338.70 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 145.38 338.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 157.69 338.70 Td (Other ) Tj ET Q
q 0 0 0 rg BT 185.16 338.70 Td (Comprehensive ) Tj ET Q
q 0 0 0 rg BT 254.62 338.70 Td (Income ) Tj ET Q
q 0 0 0 rg BT 289.66 338.70 Td (\(Loss\), ) Tj ET Q
q 0 0 0 rg BT 322.68 338.70 Td (depending ) Tj ET Q
q 0 0 0 rg BT 369.98 338.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 384.04 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.42 338.70 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 449.48 338.70 Td (purpose ) Tj ET Q
q 0 0 0 rg BT 486.28 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 498.58 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.97 338.70 Td (instrument. ) Tj ET Q
q 0 0 0 rg BT 565.14 338.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.10 Td (Ef) Tj ET Q
q 0 0 0 rg BT 59.22 326.10 Td (fective ) Tj ET Q
q 0 0 0 rg BT 89.66 326.10 Td (April ) Tj ET Q
q 0 0 0 rg BT 114.23 326.10 Td (1, ) Tj ET Q
q 0 0 0 rg BT 124.50 326.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 150.53 326.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 165.18 326.10 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 200.82 326.10 Td (updated ) Tj ET Q
q 0 0 0 rg BT 236.46 326.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 284.93 326.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 325.24 326.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 338.14 326.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 345.20 326.10 Td (prospective ) Tj ET Q
q 0 0 0 rg BT 396.01 326.10 Td (basis ) Tj ET Q
q 0 0 0 rg BT 419.41 326.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 447.48 326.10 Td (requires ) Tj ET Q
q 0 0 0 rg BT 483.70 326.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 512.35 326.10 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.39 313.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 73.03 313.50 Td (measured ) Tj ET Q
q 0 0 0 rg BT 115.98 313.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 126.28 313.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 143.58 313.50 Td (value, ) Tj ET Q
q 0 0 0 rg BT 171.67 313.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 193.06 313.50 Td (changes ) Tj ET Q
q 0 0 0 rg BT 229.60 313.50 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 278.38 313.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 289.27 313.50 Td (earnings. ) Tj ET Q
q 0 0 0 rg BT 329.99 313.50 Td (This ) Tj ET Q
q 0 0 0 rg BT 351.39 313.50 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 392.01 313.50 Td (does ) Tj ET Q
q 0 0 0 rg BT 413.98 313.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 430.12 313.50 Td (apply ) Tj ET Q
q 0 0 0 rg BT 456.17 313.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 467.06 313.50 Td (investments ) Tj ET Q
q 0 0 0 rg BT 519.95 313.50 Td (accounted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 65.06 300.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 92.28 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 108.42 300.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 137.98 300.90 Td (method. ) Tj ET Q
q 0 0 0 rg BT 175.41 300.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 178.49 300.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 198.12 300.90 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 238.18 300.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 250.24 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 266.39 300.90 Td (updated ) Tj ET Q
q 0 0 0 rg BT 302.94 300.90 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 344.15 300.90 Td (did ) Tj ET Q
q 0 0 0 rg BT 360.88 300.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 377.61 300.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 400.75 300.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 408.72 300.90 Td (material ) Tj ET Q
q 0 0 0 rg BT 446.43 300.90 Td (impact ) Tj ET Q
q 0 0 0 rg BT 478.32 300.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 492.13 300.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 509.44 300.90 Td (consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.86 288.30 Td (statements.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.00 263.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 96.17 263.10 Td (investments ) Tj ET Q
q 0 0 0 rg BT 149.25 263.10 Td (where ) Tj ET Q
q 0 0 0 rg BT 177.82 263.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 192.98 263.10 Td (do ) Tj ET Q
q 0 0 0 rg BT 206.40 263.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 222.74 263.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 255.40 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 271.14 263.10 Td (investee, ) Tj ET Q
q 0 0 0 rg BT 311.09 263.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 329.17 263.10 Td (where ) Tj ET Q
q 0 0 0 rg BT 357.74 263.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 372.90 263.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 388.64 263.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 404.97 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.72 263.10 Td (primary ) Tj ET Q
q 0 0 0 rg BT 456.88 263.10 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 507.02 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.68 263.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 526.05 263.10 Td (VIE, ) Tj ET Q
q 0 0 0 rg BT 549.09 263.10 Td (but ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.50 Td (can ) Tj ET Q
q 0 0 0 rg BT 67.45 250.50 Td (exert ) Tj ET Q
q 0 0 0 rg BT 91.81 250.50 Td (significant ) Tj ET Q
q 0 0 0 rg BT 139.51 250.50 Td (influence ) Tj ET Q
q 0 0 0 rg BT 181.95 250.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 203.99 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.19 250.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 260.30 250.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 278.84 250.50 Td (operating ) Tj ET Q
q 0 0 0 rg BT 321.87 250.50 Td (policies ) Tj ET Q
q 0 0 0 rg BT 357.91 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.03 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 386.24 250.50 Td (investee, ) Tj ET Q
q 0 0 0 rg BT 426.64 250.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 442.27 250.50 Td (follow ) Tj ET Q
q 0 0 0 rg BT 473.06 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.26 250.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 518.89 250.50 Td (method ) Tj ET Q
q 0 0 0 rg BT 553.76 250.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.90 Td (accounting. ) Tj ET Q
q 0 0 0 rg BT 100.75 237.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.12 237.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 122.01 237.90 Td (evaluation ) Tj ET Q
q 0 0 0 rg BT 168.30 237.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 179.61 237.90 Td (whether ) Tj ET Q
q 0 0 0 rg BT 215.98 237.90 Td (we ) Tj ET Q
q 0 0 0 rg BT 230.78 237.90 Td (exert ) Tj ET Q
q 0 0 0 rg BT 254.33 237.90 Td (control ) Tj ET Q
q 0 0 0 rg BT 286.63 237.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 297.93 237.90 Td (significant ) Tj ET Q
q 0 0 0 rg BT 344.82 237.90 Td (influence ) Tj ET Q
q 0 0 0 rg BT 386.44 237.90 Td (over ) Tj ET Q
q 0 0 0 rg BT 407.66 237.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 423.04 237.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 462.33 237.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 480.05 237.90 Td (operational ) Tj ET Q
q 0 0 0 rg BT 529.84 237.90 Td (policies ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.86 225.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 73.38 225.30 Td (investee ) Tj ET Q
q 0 0 0 rg BT 110.40 225.30 Td (requires ) Tj ET Q
q 0 0 0 rg BT 146.83 225.30 Td (significant ) Tj ET Q
q 0 0 0 rg BT 193.76 225.30 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 236.04 225.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 262.56 225.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 275.67 225.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 291.11 225.30 Td (facts ) Tj ET Q
q 0 0 0 rg BT 313.55 225.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 331.32 225.30 Td (circumstances ) Tj ET Q
q 0 0 0 rg BT 393.41 225.30 Td (surrounding ) Tj ET Q
q 0 0 0 rg BT 446.77 225.30 Td (each ) Tj ET Q
q 0 0 0 rg BT 468.61 225.30 Td (individual ) Tj ET Q
q 0 0 0 rg BT 513.80 225.30 Td (investment. ) Tj ET Q
q 0 0 0 rg BT 565.13 225.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.70 Td (Factors ) Tj ET Q
q 0 0 0 rg BT 84.01 212.70 Td (considered ) Tj ET Q
q 0 0 0 rg BT 133.10 212.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 144.87 212.70 Td (these ) Tj ET Q
q 0 0 0 rg BT 170.04 212.70 Td (evaluations ) Tj ET Q
q 0 0 0 rg BT 221.47 212.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 243.15 212.70 Td (include ) Tj ET Q
q 0 0 0 rg BT 277.65 212.70 Td (investor ) Tj ET Q
q 0 0 0 rg BT 315.08 212.70 Td (voting ) Tj ET Q
q 0 0 0 rg BT 345.52 212.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 357.87 212.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 383.04 212.70 Td (rights, ) Tj ET Q
q 0 0 0 rg BT 413.19 212.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 431.95 212.70 Td (influence ) Tj ET Q
q 0 0 0 rg BT 474.62 212.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 490.46 212.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 512.14 212.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 535.56 212.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 549.67 212.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (governing ) Tj ET Q
q 0 0 0 rg BT 94.71 200.10 Td (board ) Tj ET Q
q 0 0 0 rg BT 121.26 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.64 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 148.10 200.10 Td (investee, ) Tj ET Q
q 0 0 0 rg BT 187.77 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.23 200.10 Td (legal ) Tj ET Q
q 0 0 0 rg BT 226.28 200.10 Td (rights ) Tj ET Q
q 0 0 0 rg BT 252.83 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 264.21 200.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 288.43 200.10 Td (investors ) Tj ET Q
q 0 0 0 rg BT 328.98 200.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 339.78 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 355.25 200.10 Td (entity ) Tj ET Q
q 0 0 0 rg BT 381.80 200.10 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 420.59 200.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 431.40 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.86 200.10 Td (fund's ) Tj ET Q
q 0 0 0 rg BT 474.73 200.10 Td (operating ) Tj ET Q
q 0 0 0 rg BT 517.01 200.10 Td (documents ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.64 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.44 187.50 Td (relationship ) Tj ET Q
q 0 0 0 rg BT 132.99 187.50 Td (between ) Tj ET Q
q 0 0 0 rg BT 169.95 187.50 Td (us ) Tj ET Q
q 0 0 0 rg BT 181.26 187.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 198.39 187.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 221.94 187.50 Td (investors ) Tj ET Q
q 0 0 0 rg BT 261.83 187.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 271.98 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.78 187.50 Td (entity) Tj ET Q
q 0 0 0 rg BT 310.01 187.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 314.61 187.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 316.59 187.50 Td (Our ) Tj ET Q
q 0 0 0 rg BT 334.89 187.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 363.11 187.50 Td (method ) Tj ET Q
q 0 0 0 rg BT 396.58 187.50 Td (investees ) Tj ET Q
q 0 0 0 rg BT 437.05 187.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 454.77 187.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 469.56 187.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 517.61 187.50 Td (companies ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (record ) Tj ET Q
q 0 0 0 rg BT 77.89 174.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 98.70 174.90 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 145.76 174.90 Td (investments ) Tj ET Q
q 0 0 0 rg BT 197.50 174.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 206.65 174.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 222.79 174.90 Td (value. ) Tj ET Q
q 0 0 0 rg BT 249.73 174.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 251.18 174.90 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 296.77 174.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 322.24 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 336.64 174.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 364.46 174.90 Td (method ) Tj ET Q
q 0 0 0 rg BT 397.53 174.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 407.84 174.90 Td (accounting, ) Tj ET Q
q 0 0 0 rg BT 458.11 174.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 473.68 174.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 497.40 174.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 507.72 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 522.12 174.90 Td (investee's ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.30 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 97.17 162.30 Td (net ) Tj ET Q
q 0 0 0 rg BT 112.19 162.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 145.27 162.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 156.20 162.30 Td (loss ) Tj ET Q
q 0 0 0 rg BT 174.73 162.30 Td (predominantly ) Tj ET Q
q 0 0 0 rg BT 238.15 162.30 Td (represents ) Tj ET Q
q 0 0 0 rg BT 282.90 162.30 Td (fair ) Tj ET Q
q 0 0 0 rg BT 299.65 162.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 324.57 162.30 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 376.92 162.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 387.27 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.28 162.30 Td (investments ) Tj ET Q
q 0 0 0 rg BT 454.62 162.30 Td (held ) Tj ET Q
q 0 0 0 rg BT 474.89 162.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 487.57 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.58 162.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 531.01 162.30 Td (method ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (investee. ) Tj ET Q
q 0 0 0 rg BT 89.19 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 91.86 149.70 Td (Our ) Tj ET Q
q 0 0 0 rg BT 110.85 149.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 135.67 149.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.08 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.57 149.70 Td (investee's ) Tj ET Q
q 0 0 0 rg BT 205.62 149.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 221.11 149.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 254.68 149.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 266.10 149.70 Td (loss ) Tj ET Q
q 0 0 0 rg BT 285.10 149.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 294.77 149.70 Td (based ) Tj ET Q
q 0 0 0 rg BT 321.34 149.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 334.51 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 350.00 149.70 Td (most ) Tj ET Q
q 0 0 0 rg BT 373.08 149.70 Td (current ) Tj ET Q
q 0 0 0 rg BT 405.48 149.70 Td (information ) Tj ET Q
q 0 0 0 rg BT 457.72 149.70 Td (available ) Tj ET Q
q 0 0 0 rg BT 498.28 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 516.10 149.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 525.77 149.70 Td (recorded ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.58 137.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 67.57 137.10 Td (net ) Tj ET Q
q 0 0 0 rg BT 82.72 137.10 Td (gain ) Tj ET Q
q 0 0 0 rg BT 103.13 137.10 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 128.79 137.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 141.62 137.10 Td (investments ) Tj ET Q
q 0 0 0 rg BT 194.12 137.10 Td (within ) Tj ET Q
q 0 0 0 rg BT 223.28 137.10 Td (non-operating ) Tj ET Q
q 0 0 0 rg BT 284.51 137.10 Td (income ) Tj ET Q
q 0 0 0 rg BT 317.74 137.10 Td (\(expense\). ) Tj ET Q
q 0 0 0 rg BT 363.51 137.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 365.67 137.10 Td (W) Tj ET Q
q 0 0 0 rg BT 374.74 137.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 381.73 137.10 Td (evaluate ) Tj ET Q
q 0 0 0 rg BT 419.04 137.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 435.36 137.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 463.94 137.10 Td (method ) Tj ET Q
q 0 0 0 rg BT 497.76 137.10 Td (investments ) Tj ET Q
q 0 0 0 rg BT 550.25 137.10 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 99.83 124.50 Td (when ) Tj ET Q
q 0 0 0 rg BT 124.49 124.50 Td (events ) Tj ET Q
q 0 0 0 rg BT 153.23 124.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 163.90 124.50 Td (changes ) Tj ET Q
q 0 0 0 rg BT 199.64 124.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 209.73 124.50 Td (circumstances ) Tj ET Q
q 0 0 0 rg BT 271.12 124.50 Td (indicate ) Tj ET Q
q 0 0 0 rg BT 306.28 124.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 323.94 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.69 124.50 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 375.59 124.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 400.25 124.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 410.92 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 425.66 124.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 473.66 124.50 Td (exceeds ) Tj ET Q
q 0 0 0 rg BT 508.81 124.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 520.65 124.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 537.14 124.50 Td (value, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.74 111.90 Td (decline ) Tj ET Q
q 0 0 0 rg BT 115.68 111.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 126.47 111.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 143.67 111.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 169.03 111.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 178.66 111.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 202.86 111.90 Td (than ) Tj ET Q
q 0 0 0 rg BT 223.56 111.90 Td (temporary) Tj ET Q
q 0 0 0 rg BT 266.03 111.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.70 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.53 86.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 115.04 86.70 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 159.76 86.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 174.45 86.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 199.63 86.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 228.31 86.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 245.91 86.70 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 269.93 86.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 303.28 86.70 Td (securities ) Tj ET Q
q 0 0 0 rg BT 345.37 86.70 Td (using ) Tj ET Q
q 0 0 0 rg BT 370.56 86.70 Td (closing ) Tj ET Q
q 0 0 0 rg BT 403.34 86.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 434.93 86.70 Td (prices ) Tj ET Q
q 0 0 0 rg BT 462.44 86.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 477.13 86.70 Td (listed ) Tj ET Q
q 0 0 0 rg BT 502.32 86.70 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 553.76 86.70 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.10 Td (broker ) Tj ET Q
q 0 0 0 rg BT 79.45 74.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 90.75 74.10 Td (dealer ) Tj ET Q
q 0 0 0 rg BT 118.94 74.10 Td (price ) Tj ET Q
q 0 0 0 rg BT 142.48 74.10 Td (quotations, ) Tj ET Q
q 0 0 0 rg BT 191.40 74.10 Td (when ) Tj ET Q
q 0 0 0 rg BT 216.70 74.10 Td (available. ) Tj ET Q
q 0 0 0 rg BT 259.77 74.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 262.31 74.10 Td (Fixed ) Tj ET Q
q 0 0 0 rg BT 288.78 74.10 Td (income ) Tj ET Q
q 0 0 0 rg BT 322.24 74.10 Td (securities ) Tj ET Q
q 0 0 0 rg BT 364.44 74.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 385.07 74.10 Td (also ) Tj ET Q
q 0 0 0 rg BT 404.53 74.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 416.99 74.10 Td (valued ) Tj ET Q
q 0 0 0 rg BT 447.53 74.10 Td (using ) Tj ET Q
q 0 0 0 rg BT 472.83 74.10 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 514.46 74.10 Td (models ) Tj ET Q
q 0 0 0 rg BT 547.34 74.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.50 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 91.20 61.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 117.73 61.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 130.86 61.50 Td (spreads ) Tj ET Q
q 0 0 0 rg BT 164.97 61.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 175.77 61.50 Td (actively ) Tj ET Q
q 0 0 0 rg BT 211.63 61.50 Td (traded ) Tj ET Q
q 0 0 0 rg BT 240.49 61.50 Td (benchmark ) Tj ET Q
q 0 0 0 rg BT 289.76 61.50 Td (debt ) Tj ET Q
q 0 0 0 rg BT 310.46 61.50 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 362.08 61.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 383.38 61.50 Td (readily ) Tj ET Q
q 0 0 0 rg BT 415.16 61.50 Td (available ) Tj ET Q
q 0 0 0 rg BT 455.68 61.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 487.45 61.50 Td (prices.) Tj ET Q
endstream
endobj
153 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 154 0 R>>
endobj
154 0 obj
<</Length 40840>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (74) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.97 741.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 120.03 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 131.08 741.75 Td (illiquid ) Tj ET Q
q 0 0 0 rg BT 164.31 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 175.94 741.75 Td (privately-held ) Tj ET Q
q 0 0 0 rg BT 237.72 741.75 Td (securities ) Tj ET Q
q 0 0 0 rg BT 280.26 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 295.40 741.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 323.94 741.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 355.98 741.75 Td (prices ) Tj ET Q
q 0 0 0 rg BT 383.94 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 395.58 741.75 Td (quotations ) Tj ET Q
q 0 0 0 rg BT 442.22 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 457.92 741.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 474.23 741.75 Td (readily ) Tj ET Q
q 0 0 0 rg BT 506.27 741.75 Td (available, ) Tj ET Q
q 0 0 0 rg BT 549.67 741.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (determination ) Tj ET Q
q 0 0 0 rg BT 111.35 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 123.63 729.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 141.74 729.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 168.02 729.15 Td (requires ) Tj ET Q
q 0 0 0 rg BT 205.37 729.15 Td (us ) Tj ET Q
q 0 0 0 rg BT 218.24 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 229.95 729.15 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 268.47 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 284.84 729.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 311.11 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.39 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 339.76 729.15 Td (securities ) Tj ET Q
q 0 0 0 rg BT 382.95 729.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 409.24 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 417.44 729.15 Td (variety ) Tj ET Q
q 0 0 0 rg BT 450.12 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 462.41 729.15 Td (methods ) Tj ET Q
q 0 0 0 rg BT 501.52 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 520.22 729.15 Td (resources, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 92.02 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 107.70 716.55 Td (most ) Tj ET Q
q 0 0 0 rg BT 130.97 716.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 163.55 716.55 Td (available ) Tj ET Q
q 0 0 0 rg BT 204.30 716.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 243.88 716.55 Td (information ) Tj ET Q
q 0 0 0 rg BT 296.31 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 311.40 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 327.08 716.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 376.01 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 394.03 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 409.71 716.55 Td (industry) Tj ET Q
q 0 0 0 rg BT 443.44 716.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 448.92 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 451.14 716.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 465.66 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 477.26 716.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 507.52 716.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 523.50 716.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 547.35 716.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 74.99 703.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 89.10 703.95 Td (owned ) Tj ET Q
q 0 0 0 rg BT 118.97 703.95 Td ($64.0 ) Tj ET Q
q 0 0 0 rg BT 144.46 703.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 176.66 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 193.69 703.95 Td ($63.0 ) Tj ET Q
q 0 0 0 rg BT 219.18 703.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 254.01 703.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 304.06 703.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 308.55 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 319.17 703.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 371.20 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 381.23 703.95 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 434.42 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 451.45 703.95 Td (limited ) Tj ET Q
q 0 0 0 rg BT 483.07 703.95 Td (liability ) Tj ET Q
q 0 0 0 rg BT 517.60 703.95 Td (companies ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 76.90 691.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 99.04 691.35 Td (accounted ) Tj ET Q
q 0 0 0 rg BT 143.34 691.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 157.33 691.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 182.98 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.54 691.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 225.53 691.35 Td (method ) Tj ET Q
q 0 0 0 rg BT 258.77 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 275.67 691.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 297.81 691.35 Td (included ) Tj ET Q
q 0 0 0 rg BT 335.71 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 345.62 691.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 371.26 691.35 Td (noncurrent ) Tj ET Q
q 0 0 0 rg BT 418.49 691.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 444.73 691.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 456.97 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 471.54 691.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 528.69 691.35 Td (Balance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (Sheets, ) Tj ET Q
q 0 0 0 rg BT 83.22 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 102.06 678.75 Td ($5.3 ) Tj ET Q
q 0 0 0 rg BT 124.11 678.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 158.13 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 176.97 678.75 Td ($1) Tj ET Q
q 0 0 0 rg BT 187.08 678.75 Td (1.2 ) Tj ET Q
q 0 0 0 rg BT 203.88 678.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 240.52 678.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 290.57 678.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 296.87 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 309.30 678.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 339.22 678.75 Td (method ) Tj ET Q
q 0 0 0 rg BT 374.40 678.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 428.24 678.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 447.66 678.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 464.16 678.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 504.00 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 515.84 678.75 Td (Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (securities ) Tj ET Q
q 0 0 0 rg BT 91.10 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 103.55 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.33 666.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 175.69 666.15 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 211.45 666.15 Td (Sheets. ) Tj ET Q
q 0 0 0 rg BT 243.44 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 245.39 666.15 Td (Of ) Tj ET Q
q 0 0 0 rg BT 258.41 666.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 281.94 666.15 Td (amounts, ) Tj ET Q
q 0 0 0 rg BT 322.09 666.15 Td ($43.1 ) Tj ET Q
q 0 0 0 rg BT 347.67 666.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 379.95 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 397.06 666.15 Td ($42.1 ) Tj ET Q
q 0 0 0 rg BT 422.63 666.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 457.54 666.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 507.59 666.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 512.16 666.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 534.51 666.15 Td (valued ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 75.64 653.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 88.38 653.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 104.61 653.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 158.77 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 176.17 653.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 217.48 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 234.88 653.55 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 293.10 653.55 Td (inputs. ) Tj ET Q
q 0 0 0 rg BT 323.63 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 325.71 653.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 344.27 653.55 Td (remainder ) Tj ET Q
q 0 0 0 rg BT 389.07 653.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 407.63 653.55 Td (valued ) Tj ET Q
q 0 0 0 rg BT 437.86 653.55 Td (using ) Tj ET Q
q 0 0 0 rg BT 462.85 653.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 477.91 653.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 500.56 653.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 525.54 653.55 Td (\("NA) Tj ET Q
q 0 0 0 rg BT 547.13 653.55 Td (V"\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.87 640.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 68.16 640.95 Td (practical ) Tj ET Q
q 0 0 0 rg BT 106.92 640.95 Td (expedient, ) Tj ET Q
q 0 0 0 rg BT 152.99 640.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 164.36 640.95 Td (further ) Tj ET Q
q 0 0 0 rg BT 195.56 640.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 238.43 640.95 Td (below) Tj ET Q
q 0 0 0 rg BT 263.41 640.95 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.85 615.75 Td (updated ) Tj ET Q
q 0 0 0 rg BT 107.11 615.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 157.20 615.75 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 199.13 615.75 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 236.39 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 249.16 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 261.04 615.75 Td (April ) Tj ET Q
q 0 0 0 rg BT 287.23 615.75 Td (1, ) Tj ET Q
q 0 0 0 rg BT 299.13 615.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 326.78 615.75 Td (provides ) Tj ET Q
q 0 0 0 rg BT 366.96 615.75 Td (entities ) Tj ET Q
q 0 0 0 rg BT 401.31 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.17 615.75 Td (option ) Tj ET Q
q 0 0 0 rg BT 449.03 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 461.22 615.75 Td (elect ) Tj ET Q
q 0 0 0 rg BT 485.06 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 497.25 615.75 Td (measure ) Tj ET Q
q 0 0 0 rg BT 536.26 615.75 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 101.72 603.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 119.52 603.15 Td (do ) Tj ET Q
q 0 0 0 rg BT 132.08 603.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 147.56 603.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 169.43 603.15 Td (readily ) Tj ET Q
q 0 0 0 rg BT 200.64 603.15 Td (determinable ) Tj ET Q
q 0 0 0 rg BT 257.51 603.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 274.14 603.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 303.02 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 320.24 603.15 Td (do ) Tj ET Q
q 0 0 0 rg BT 332.80 603.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 348.27 603.15 Td (qualify ) Tj ET Q
q 0 0 0 rg BT 380.07 603.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 394.37 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 409.26 603.15 Td (NA) Tj ET Q
q 0 0 0 rg BT 423.07 603.15 Td (V) Tj ET Q
q 0 0 0 rg BT 430.46 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 432.52 603.15 Td (practical ) Tj ET Q
q 0 0 0 rg BT 470.72 603.15 Td (expedient ) Tj ET Q
q 0 0 0 rg BT 513.59 603.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 523.23 603.15 Td ("adjusted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (cost." ) Tj ET Q
q 0 0 0 rg BT 76.16 590.55 Td (Under ) Tj ET Q
q 0 0 0 rg BT 105.24 590.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 123.25 590.55 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 161.08 590.55 Td (cost ) Tj ET Q
q 0 0 0 rg BT 180.83 590.55 Td (method, ) Tj ET Q
q 0 0 0 rg BT 217.78 590.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 270.78 590.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 286.44 590.55 Td (initially ) Tj ET Q
q 0 0 0 rg BT 321.94 590.55 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 361.50 590.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 371.92 590.55 Td (cost, ) Tj ET Q
q 0 0 0 rg BT 394.29 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 412.29 590.55 Td (subsequently ) Tj ET Q
q 0 0 0 rg BT 469.96 590.55 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 507.78 590.55 Td (\(increased ) Tj ET Q
q 0 0 0 rg BT 553.76 590.55 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (decreased\) ) Tj ET Q
q 0 0 0 rg BT 97.23 577.95 Td (when ) Tj ET Q
q 0 0 0 rg BT 122.82 577.95 Td (there ) Tj ET Q
q 0 0 0 rg BT 146.66 577.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 156.51 577.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 169.27 577.95 Td (observable ) Tj ET Q
q 0 0 0 rg BT 217.60 577.95 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 266.52 577.95 Td (involving ) Tj ET Q
q 0 0 0 rg BT 309.62 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.30 577.95 Td (same ) Tj ET Q
q 0 0 0 rg BT 349.72 577.95 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 405.36 577.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 416.96 577.95 Td (similar ) Tj ET Q
q 0 0 0 rg BT 448.97 577.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 501.98 577.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 525.24 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 540.92 577.95 Td (same ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (issuer) Tj ET Q
q 0 0 0 rg BT 73.42 565.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 78.46 565.35 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 119.48 565.35 Td (cost ) Tj ET Q
q 0 0 0 rg BT 139.50 565.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 188.69 565.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 226.77 565.35 Td (values ) Tj ET Q
q 0 0 0 rg BT 256.71 565.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 272.63 565.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 292.65 565.35 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 334.23 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 352.50 565.35 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 390.60 565.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 405.95 565.35 Td (impairment, ) Tj ET Q
q 0 0 0 rg BT 460.08 565.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 469.60 565.35 Td (any) Tj ET Q
q 0 0 0 rg BT 484.08 565.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 489.81 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 492.23 565.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 507.01 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.86 565.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 549.37 565.35 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 73.89 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 92.44 552.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 119.46 552.75 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 183.50 552.75 Td ($19.7 ) Tj ET Q
q 0 0 0 rg BT 210.52 552.75 Td (million ) Tj ET Q
q 0 0 0 rg BT 244.25 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 262.80 552.75 Td ($12.2 ) Tj ET Q
q 0 0 0 rg BT 289.81 552.75 Td (million, ) Tj ET Q
q 0 0 0 rg BT 326.17 552.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 376.22 552.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 382.23 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 394.37 552.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 447.93 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 459.48 552.75 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 514.20 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 532.75 552.75 Td (limited ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (liability ) Tj ET Q
q 0 0 0 rg BT 84.79 540.15 Td (companies ) Tj ET Q
q 0 0 0 rg BT 132.32 540.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 155.34 540.15 Td (accounted ) Tj ET Q
q 0 0 0 rg BT 200.53 540.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 215.40 540.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 240.78 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.23 540.15 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 293.85 540.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 313.39 540.15 Td (method. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 514.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 118.14 514.95 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 159.17 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 174.54 514.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 192.24 514.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 218.10 514.95 Td (measurements ) Tj ET Q
q 0 0 0 rg BT 281.29 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 299.58 514.95 Td (disclosures ) Tj ET Q
q 0 0 0 rg BT 349.37 514.95 Td (defines ) Tj ET Q
q 0 0 0 rg BT 382.81 514.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 400.51 514.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 426.38 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 444.66 514.95 Td (establishes ) Tj ET Q
q 0 0 0 rg BT 493.28 514.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 501.07 514.95 Td (framework ) Tj ET Q
q 0 0 0 rg BT 550.26 514.95 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (measuring ) Tj ET Q
q 0 0 0 rg BT 95.71 502.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 112.75 502.35 Td (value. ) Tj ET Q
q 0 0 0 rg BT 140.58 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 142.87 502.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 161.66 502.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 210.19 502.35 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 250.56 502.35 Td (defines ) Tj ET Q
q 0 0 0 rg BT 283.35 502.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 300.39 502.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 325.59 502.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 336.81 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 352.10 502.35 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 394.21 502.35 Td (price ) Tj ET Q
q 0 0 0 rg BT 417.66 502.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 435.88 502.35 Td (would ) Tj ET Q
q 0 0 0 rg BT 464.59 502.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 476.97 502.35 Td (received ) Tj ET Q
q 0 0 0 rg BT 515.00 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 529.71 502.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 542.08 502.35 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.79 489.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 81.42 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 92.13 489.75 Td (transfer ) Tj ET Q
q 0 0 0 rg BT 126.74 489.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 133.95 489.75 Td (liability ) Tj ET Q
q 0 0 0 rg BT 169.16 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 179.88 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.25 489.75 Td (principal ) Tj ET Q
q 0 0 0 rg BT 235.12 489.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 246.41 489.75 Td (most ) Tj ET Q
q 0 0 0 rg BT 269.38 489.75 Td (advantageous ) Tj ET Q
q 0 0 0 rg BT 329.08 489.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 360.78 489.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 375.57 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.94 489.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 413.90 489.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 425.19 489.75 Td (liability ) Tj ET Q
q 0 0 0 rg BT 460.41 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 471.12 489.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 483.58 489.75 Td (orderly ) Tj ET Q
q 0 0 0 rg BT 516.45 489.75 Td (transaction ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 87.05 477.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 118.77 477.15 Td (participants ) Tj ET Q
q 0 0 0 rg BT 170.32 477.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 183.38 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 198.78 477.15 Td (measurement ) Tj ET Q
q 0 0 0 rg BT 257.32 477.15 Td (date. ) Tj ET Q
q 0 0 0 rg BT 280.00 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 282.00 477.15 Td (A) Tj ET Q
q 0 0 0 rg BT 289.00 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 291.57 477.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 308.71 477.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 334.01 477.15 Td (measurement ) Tj ET Q
q 0 0 0 rg BT 392.56 477.15 Td (should ) Tj ET Q
q 0 0 0 rg BT 423.13 477.15 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 452.50 477.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 465.56 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 476.88 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.27 477.15 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 546.76 477.15 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 81.38 464.55 Td (participants ) Tj ET Q
q 0 0 0 rg BT 133.10 464.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 162.08 464.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 178.81 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 189.71 464.55 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 222.18 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 237.74 464.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 260.89 464.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 272.36 464.55 Td (liability) Tj ET Q
q 0 0 0 rg BT 304.35 464.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 309.70 464.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 352.10 464.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 406.75 464.55 Td (about ) Tj ET Q
q 0 0 0 rg BT 432.81 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.37 464.55 Td (risk ) Tj ET Q
q 0 0 0 rg BT 466.85 464.55 Td (inherent ) Tj ET Q
q 0 0 0 rg BT 503.99 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 514.89 464.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 522.28 464.55 Td (particular ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 91.20 451.95 Td (technique, ) Tj ET Q
q 0 0 0 rg BT 137.27 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.72 451.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 160.69 451.95 Td (fect ) Tj ET Q
q 0 0 0 rg BT 179.05 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.42 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 197.70 451.95 Td (restriction ) Tj ET Q
q 0 0 0 rg BT 242.90 451.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 256.02 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 271.48 451.95 Td (sale ) Tj ET Q
q 0 0 0 rg BT 290.43 451.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 301.80 451.95 Td (use ) Tj ET Q
q 0 0 0 rg BT 318.42 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 329.79 451.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 342.33 451.95 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 367.99 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 385.78 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.23 451.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 419.60 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 430.98 451.95 Td (non-performance.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 70.17 426.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 120.58 426.75 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 162.82 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 179.41 426.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 198.33 426.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 225.41 426.75 Td (measurements ) Tj ET Q
q 0 0 0 rg BT 289.82 426.75 Td (establishes ) Tj ET Q
q 0 0 0 rg BT 339.66 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 348.66 426.75 Td (hierarchy ) Tj ET Q
q 0 0 0 rg BT 392.65 426.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 412.74 426.75 Td (prioritizes ) Tj ET Q
q 0 0 0 rg BT 459.65 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 476.83 426.75 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 506.84 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 523.43 426.75 Td (valuation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (techniques ) Tj ET Q
q 0 0 0 rg BT 96.78 414.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 118.41 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 128.95 414.15 Td (measure ) Tj ET Q
q 0 0 0 rg BT 166.31 414.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 183.26 414.15 Td (value. ) Tj ET Q
q 0 0 0 rg BT 211.00 414.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 213.21 414.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 231.91 414.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 248.86 414.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 273.97 414.15 Td (hierarchy ) Tj ET Q
q 0 0 0 rg BT 315.99 414.15 Td (gives ) Tj ET Q
q 0 0 0 rg BT 340.54 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 355.74 414.15 Td (highest ) Tj ET Q
q 0 0 0 rg BT 388.45 414.15 Td (priority ) Tj ET Q
q 0 0 0 rg BT 422.32 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 432.87 414.15 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 463.82 414.15 Td (prices ) Tj ET Q
q 0 0 0 rg BT 491.27 414.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 501.82 414.15 Td (active ) Tj ET Q
q 0 0 0 rg BT 529.26 414.15 Td (markets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.37 401.55 Td (identical ) Tj ET Q
q 0 0 0 rg BT 103.15 401.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 130.27 401.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 141.64 401.55 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 183.34 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 201.13 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 216.58 401.55 Td (lowest ) Tj ET Q
q 0 0 0 rg BT 246.62 401.55 Td (priority ) Tj ET Q
q 0 0 0 rg BT 280.74 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 291.54 401.55 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 350.14 401.55 Td (inputs.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (Our ) Tj ET Q
q 0 0 0 rg BT 67.93 376.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 106.76 376.35 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 157.85 376.35 Td (measured ) Tj ET Q
q 0 0 0 rg BT 200.19 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 217.44 376.35 Td (reported ) Tj ET Q
q 0 0 0 rg BT 254.52 376.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 264.20 376.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 280.87 376.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 305.71 376.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 320.62 376.35 Td (classified ) Tj ET Q
q 0 0 0 rg BT 362.38 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 379.63 376.35 Td (disclosed ) Tj ET Q
q 0 0 0 rg BT 420.81 376.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 431.08 376.35 Td (one ) Tj ET Q
q 0 0 0 rg BT 448.34 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 459.18 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 474.11 376.35 Td (following ) Tj ET Q
q 0 0 0 rg BT 517.04 376.35 Td (categories:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 351.15 Td (Level�1�� ) Tj ET Q
q 0 0 0 rg BT 132.87 351.15 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 174.41 351.15 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 225.88 351.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 240.59 351.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 268.71 351.15 Td (prices ) Tj ET Q
q 0 0 0 rg BT 296.25 351.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 311.54 351.15 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 342.58 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 353.21 351.15 Td (active ) Tj ET Q
q 0 0 0 rg BT 380.75 351.15 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 419.08 351.15 Td (which, ) Tj ET Q
q 0 0 0 rg BT 449.83 351.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 464.54 351.15 Td (us, ) Tj ET Q
q 0 0 0 rg BT 478.97 351.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 512.34 351.15 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 96.29 338.55 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 133.33 338.55 Td (traded ) Tj ET Q
q 0 0 0 rg BT 162.19 338.55 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 193.98 338.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 219.94 338.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 241.23 338.55 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 272.43 338.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 304.21 338.55 Td (prices ) Tj ET Q
q 0 0 0 rg BT 331.91 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 349.69 338.55 Td (equities ) Tj ET Q
q 0 0 0 rg BT 384.98 338.55 Td (listed ) Tj ET Q
q 0 0 0 rg BT 410.35 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 421.15 338.55 Td (active ) Tj ET Q
q 0 0 0 rg BT 448.84 338.55 Td (markets.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 313.35 Td (Level�2�� ) Tj ET Q
q 0 0 0 rg BT 133.74 313.35 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 176.16 313.35 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 228.50 313.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 244.09 313.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 273.09 313.35 Td (prices ) Tj ET Q
q 0 0 0 rg BT 301.50 313.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 317.66 313.35 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 349.58 313.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 365.16 313.35 Td (similar ) Tj ET Q
q 0 0 0 rg BT 397.67 313.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 425.51 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 444.01 313.35 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 486.43 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 497.94 313.35 Td (active ) Tj ET Q
q 0 0 0 rg BT 526.35 313.35 Td (markets; ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 300.75 Td (prices ) Tj ET Q
q 0 0 0 rg BT 113.11 300.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 128.48 300.75 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 159.60 300.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 174.38 300.75 Td (identical ) Tj ET Q
q 0 0 0 rg BT 213.08 300.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 224.37 300.75 Td (similar ) Tj ET Q
q 0 0 0 rg BT 256.07 300.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 283.11 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 293.83 300.75 Td (inactive ) Tj ET Q
q 0 0 0 rg BT 329.60 300.75 Td (markets; ) Tj ET Q
q 0 0 0 rg BT 368.30 300.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 379.59 300.75 Td (prices ) Tj ET Q
q 0 0 0 rg BT 407.21 300.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 422.57 300.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 449.02 300.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 462.06 300.75 Td (observable ) Tj ET Q
q 0 0 0 rg BT 510.09 300.75 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 540.93 300.75 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 288.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 106.23 288.15 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 137.47 288.15 Td (prices, ) Tj ET Q
q 0 0 0 rg BT 167.82 288.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 189.72 288.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 201.13 288.15 Td (models ) Tj ET Q
q 0 0 0 rg BT 234.11 288.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 245.52 288.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 269.75 288.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 311.48 288.15 Td (methodologies. ) Tj ET Q
q 0 0 0 rg BT 378.58 288.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 381.24 288.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 398.48 288.15 Td (us, ) Tj ET Q
q 0 0 0 rg BT 413.10 288.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 430.93 288.15 Td (category ) Tj ET Q
q 0 0 0 rg BT 469.73 288.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 507.38 288.15 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 531.61 288.15 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 275.55 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 130.40 275.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 161.59 275.55 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 210.86 275.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 232.73 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 250.52 275.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 274.72 275.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 323.42 275.55 Td (products, ) Tj ET Q
q 0 0 0 rg BT 364.83 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 382.62 275.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 413.81 275.55 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 457.84 275.55 Td (debt. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 250.35 Td (Level�3�� ) Tj ET Q
q 0 0 0 rg BT 133.84 250.35 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 176.34 250.35 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 228.77 250.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 244.45 250.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 273.54 250.35 Td (values ) Tj ET Q
q 0 0 0 rg BT 303.80 250.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 320.05 250.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 347.39 250.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 361.33 250.35 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 420.74 250.35 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 452.47 250.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 495.57 250.35 Td (those ) Tj ET Q
q 0 0 0 rg BT 521.16 250.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 536.84 250.35 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 237.75 Td (there ) Tj ET Q
q 0 0 0 rg BT 108.74 237.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 118.00 237.75 Td (little ) Tj ET Q
q 0 0 0 rg BT 139.50 237.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 150.50 237.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 163.26 237.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 194.66 237.75 Td (activity) Tj ET Q
q 0 0 0 rg BT 225.47 237.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 230.35 237.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.44 237.75 Td (This ) Tj ET Q
q 0 0 0 rg BT 253.37 237.75 Td (category ) Tj ET Q
q 0 0 0 rg BT 291.77 237.75 Td (includes ) Tj ET Q
q 0 0 0 rg BT 329.01 237.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 381.43 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 391.85 237.75 Td (partnerships, ) Tj ET Q
q 0 0 0 rg BT 448.06 237.75 Td (limited ) Tj ET Q
q 0 0 0 rg BT 480.06 237.75 Td (liability ) Tj ET Q
q 0 0 0 rg BT 514.98 237.75 Td (companies, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 225.15 Td (private ) Tj ET Q
q 0 0 0 rg BT 116.48 225.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 144.55 225.15 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 172.33 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 189.32 225.15 Td (real ) Tj ET Q
q 0 0 0 rg BT 206.88 225.15 Td (estate ) Tj ET Q
q 0 0 0 rg BT 232.61 225.15 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 260.39 225.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 262.08 225.15 Td (This ) Tj ET Q
q 0 0 0 rg BT 282.58 225.15 Td (category ) Tj ET Q
q 0 0 0 rg BT 320.55 225.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 339.29 225.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 376.11 225.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 406.49 225.15 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 454.97 225.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 476.04 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 493.02 225.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 516.42 225.15 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 212.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 124.29 212.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 145.58 212.55 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 196.02 212.55 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 245.31 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 263.09 212.55 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 310.04 212.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 369.23 212.55 Td (liabilities, ) Tj ET Q
q 0 0 0 rg BT 413.56 212.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 422.60 212.55 Td (any) Tj ET Q
q 0 0 0 rg BT 437.08 212.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.91 187.35 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 111.07 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 122.91 187.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 135.91 187.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 159.41 187.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 171.24 187.35 Td (liability ) Tj ET Q
q 0 0 0 rg BT 206.99 187.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 228.16 187.35 Td (involve ) Tj ET Q
q 0 0 0 rg BT 262.74 187.35 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 291.50 187.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 315.00 187.35 Td (more ) Tj ET Q
q 0 0 0 rg BT 339.66 187.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 360.83 187.35 Td (one ) Tj ET Q
q 0 0 0 rg BT 379.08 187.35 Td (level ) Tj ET Q
q 0 0 0 rg BT 402.57 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 414.41 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 430.32 187.35 Td (hierarchy) Tj ET Q
q 0 0 0 rg BT 469.28 187.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 475.00 187.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 477.86 187.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 497.27 187.35 Td (level ) Tj ET Q
q 0 0 0 rg BT 520.77 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 532.02 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 547.94 187.35 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.50 174.75 Td (hierarchy ) Tj ET Q
q 0 0 0 rg BT 116.41 174.75 Td (within ) Tj ET Q
q 0 0 0 rg BT 145.52 174.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 173.44 174.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 180.37 174.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 197.21 174.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 222.21 174.75 Td (measurement ) Tj ET Q
q 0 0 0 rg BT 280.46 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 290.89 174.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 303.08 174.75 Td (entirety ) Tj ET Q
q 0 0 0 rg BT 337.41 174.75 Td (falls ) Tj ET Q
q 0 0 0 rg BT 357.76 174.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 367.03 174.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 416.52 174.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 442.70 174.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 455.46 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.56 174.75 Td (lowest ) Tj ET Q
q 0 0 0 rg BT 500.24 174.75 Td (level ) Tj ET Q
q 0 0 0 rg BT 522.91 174.75 Td (input ) Tj ET Q
q 0 0 0 rg BT 546.76 174.75 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 59.13 162.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 106.08 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 116.87 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.32 162.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 149.52 162.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 174.88 162.15 Td (measurement ) Tj ET Q
q 0 0 0 rg BT 233.49 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 244.28 162.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 256.83 162.15 Td (entirety) Tj ET Q
q 0 0 0 rg BT 288.21 162.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 84.88 136.95 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 135.99 136.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 159.71 136.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 200.34 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 219.98 136.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 253.01 136.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 307.65 136.95 Td (held ) Tj ET Q
q 0 0 0 rg BT 330.20 136.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 345.17 136.95 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 371.81 136.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 389.10 136.95 Td (valued ) Tj ET Q
q 0 0 0 rg BT 421.56 136.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 433.61 136.95 Td (NA) Tj ET Q
q 0 0 0 rg BT 447.42 136.95 Td (V) Tj ET Q
q 0 0 0 rg BT 454.81 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 459.28 136.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 510.98 136.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 525.96 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 543.26 136.95 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (administrator) Tj ET Q
q 0 0 0 rg BT 104.91 124.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 110.94 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 114.11 124.35 Td (These ) Tj ET Q
q 0 0 0 rg BT 142.59 124.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 169.33 124.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 185.56 124.35 Td (typically ) Tj ET Q
q 0 0 0 rg BT 225.71 124.35 Td (invested ) Tj ET Q
q 0 0 0 rg BT 264.11 124.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 275.69 124.35 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 318.74 124.35 Td (traded ) Tj ET Q
q 0 0 0 rg BT 348.39 124.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 401.96 124.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 424.04 124.35 Td (observable ) Tj ET Q
q 0 0 0 rg BT 472.93 124.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 505.49 124.35 Td (prices. ) Tj ET Q
q 0 0 0 rg BT 536.60 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 539.76 124.35 Td (Their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (valuations ) Tj ET Q
q 0 0 0 rg BT 94.64 111.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 114.70 111.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 126.60 111.75 Td (classified ) Tj ET Q
q 0 0 0 rg BT 168.23 111.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 178.96 111.75 Td (Level ) Tj ET Q
q 0 0 0 rg BT 204.85 111.75 Td (1, ) Tj ET Q
q 0 0 0 rg BT 214.71 111.75 Td (Level ) Tj ET Q
q 0 0 0 rg BT 240.59 111.75 Td (2, ) Tj ET Q
q 0 0 0 rg BT 250.45 111.75 Td (Level ) Tj ET Q
q 0 0 0 rg BT 276.34 111.75 Td (3, ) Tj ET Q
q 0 0 0 rg BT 286.20 111.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 296.92 111.75 Td (NA) Tj ET Q
q 0 0 0 rg BT 310.74 111.75 Td (V) Tj ET Q
q 0 0 0 rg BT 318.13 111.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 320.11 111.75 Td (practical ) Tj ET Q
q 0 0 0 rg BT 358.24 111.75 Td (expedient, ) Tj ET Q
q 0 0 0 rg BT 403.66 111.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 429.55 111.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 442.04 111.75 Td (whether ) Tj ET Q
q 0 0 0 rg BT 477.84 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.65 111.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 513.88 111.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 522.86 111.75 Td (exchange ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (traded, ) Tj ET Q
q 0 0 0 rg BT 81.91 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 98.28 99.15 Td (frequency ) Tj ET Q
q 0 0 0 rg BT 143.80 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.09 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 172.47 99.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 204.57 99.15 Td (NA) Tj ET Q
q 0 0 0 rg BT 218.39 99.15 Td (V) Tj ET Q
q 0 0 0 rg BT 225.78 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 229.33 99.15 Td (determinations ) Tj ET Q
q 0 0 0 rg BT 295.27 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 313.98 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.35 99.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 362.47 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 374.76 99.15 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 426.13 99.15 Td (restrictions. ) Tj ET Q
q 0 0 0 rg BT 478.96 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 482.50 99.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 500.63 99.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 554.34 99.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (illiquid ) Tj ET Q
q 0 0 0 rg BT 82.37 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 100.07 86.55 Td (privately-held ) Tj ET Q
q 0 0 0 rg BT 161.50 86.55 Td (securities ) Tj ET Q
q 0 0 0 rg BT 203.68 86.55 Td (\(private ) Tj ET Q
q 0 0 0 rg BT 238.87 86.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 267.65 86.55 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 296.14 86.55 Td (real ) Tj ET Q
q 0 0 0 rg BT 314.41 86.55 Td (estate ) Tj ET Q
q 0 0 0 rg BT 340.85 86.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 366.71 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 384.41 86.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 433.02 86.55 Td (partnerships\) ) Tj ET Q
q 0 0 0 rg BT 490.37 86.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 505.15 86.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 533.35 86.55 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (prices ) Tj ET Q
q 0 0 0 rg BT 77.29 73.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 88.76 73.95 Td (quotations ) Tj ET Q
q 0 0 0 rg BT 135.23 73.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 156.03 73.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 172.17 73.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 184.80 73.95 Td (readily ) Tj ET Q
q 0 0 0 rg BT 216.68 73.95 Td (available, ) Tj ET Q
q 0 0 0 rg BT 259.92 73.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 302.30 73.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 333.59 73.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 386.47 73.95 Td (held ) Tj ET Q
q 0 0 0 rg BT 407.27 73.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 420.49 73.95 Td (CIVs, ) Tj ET Q
q 0 0 0 rg BT 448.01 73.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 504.37 73.95 Td (must ) Tj ET Q
q 0 0 0 rg BT 527.52 73.95 Td (estimate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.05 61.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 88.52 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 98.99 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 113.54 61.35 Td (securities ) Tj ET Q
q 0 0 0 rg BT 154.92 61.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 179.39 61.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 185.78 61.35 Td (variety ) Tj ET Q
q 0 0 0 rg BT 216.66 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 227.13 61.35 Td (methods ) Tj ET Q
q 0 0 0 rg BT 264.43 61.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 281.32 61.35 Td (resources, ) Tj ET Q
q 0 0 0 rg BT 325.31 61.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 366.70 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 381.25 61.35 Td (most ) Tj ET Q
q 0 0 0 rg BT 403.40 61.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 434.86 61.35 Td (available ) Tj ET Q
q 0 0 0 rg BT 474.47 61.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 512.93 61.35 Td (information ) Tj ET Q
endstream
endobj
155 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 156 0 R>>
endobj
156 0 obj
<</Length 31614>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (75) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 63.78 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.65 741.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 126.77 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 143.97 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.83 741.75 Td (industry ) Tj ET Q
q 0 0 0 rg BT 195.29 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 205.50 741.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 233.20 741.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 241.07 741.75 Td (applies ) Tj ET Q
q 0 0 0 rg BT 272.85 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 283.06 741.75 Td (order ) Tj ET Q
q 0 0 0 rg BT 307.25 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 317.46 741.75 Td (determine ) Tj ET Q
q 0 0 0 rg BT 361.48 741.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 378.09 741.75 Td (value. ) Tj ET Q
q 0 0 0 rg BT 405.49 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 407.38 741.75 Td (These ) Tj ET Q
q 0 0 0 rg BT 434.49 741.75 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 475.61 741.75 Td (processes ) Tj ET Q
q 0 0 0 rg BT 517.88 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 532.17 741.75 Td (illiquid ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 729.15 Td (privately-held ) Tj ET Q
q 0 0 0 rg BT 128.81 729.15 Td (securities ) Tj ET Q
q 0 0 0 rg BT 171.08 729.15 Td (inherently ) Tj ET Q
q 0 0 0 rg BT 216.28 729.15 Td (require ) Tj ET Q
q 0 0 0 rg BT 248.64 729.15 Td (management's ) Tj ET Q
q 0 0 0 rg BT 310.89 729.15 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 353.17 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 370.96 729.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 386.40 729.15 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 426.92 729.15 Td (classified ) Tj ET Q
q 0 0 0 rg BT 469.19 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 479.99 729.15 Td (Level�3.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (Futures ) Tj ET Q
q 0 0 0 rg BT 83.65 703.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 124.19 703.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 139.66 703.95 Td (valued ) Tj ET Q
q 0 0 0 rg BT 170.29 703.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 180.51 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.99 703.95 Td (last ) Tj ET Q
q 0 0 0 rg BT 213.21 703.95 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 259.02 703.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 282.65 703.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 292.87 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 308.34 703.95 Td (end ) Tj ET Q
q 0 0 0 rg BT 326.15 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 337.54 703.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 359.42 703.95 Td (day ) Tj ET Q
q 0 0 0 rg BT 377.23 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 390.37 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 405.84 703.95 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 448.13 703.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 471.78 703.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 500.08 703.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 520.81 703.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 536.27 703.95 Td (traded ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 691.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 82.73 691.35 Td (classified ) Tj ET Q
q 0 0 0 rg BT 125.01 691.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 136.38 691.35 Td (Level�1. ) Tj ET Q
q 0 0 0 rg BT 173.41 691.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.39 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 70.28 666.15 Td (practical ) Tj ET Q
q 0 0 0 rg BT 108.65 666.15 Td (expedient, ) Tj ET Q
q 0 0 0 rg BT 154.31 666.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 168.78 666.15 Td (rely ) Tj ET Q
q 0 0 0 rg BT 187.33 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 200.06 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 215.11 666.15 Td (NA) Tj ET Q
q 0 0 0 rg BT 228.92 666.15 Td (Vs ) Tj ET Q
q 0 0 0 rg BT 242.82 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 253.79 666.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 284.58 666.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 336.97 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 347.36 666.15 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 400.91 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 418.29 666.15 Td (limited ) Tj ET Q
q 0 0 0 rg BT 450.27 666.15 Td (liability ) Tj ET Q
q 0 0 0 rg BT 485.16 666.15 Td (companies ) Tj ET Q
q 0 0 0 rg BT 532.29 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 543.26 666.15 Td (their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 66.75 653.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 94.79 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 97.28 653.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 116.28 653.55 Td (NA) Tj ET Q
q 0 0 0 rg BT 130.09 653.55 Td (Vs ) Tj ET Q
q 0 0 0 rg BT 144.44 653.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 162.87 653.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 185.37 653.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 207.87 653.55 Td (provided ) Tj ET Q
q 0 0 0 rg BT 247.87 653.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 261.05 653.55 Td (investees ) Tj ET Q
q 0 0 0 rg BT 302.22 653.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 317.71 653.55 Td (derived ) Tj ET Q
q 0 0 0 rg BT 351.88 653.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 374.97 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.47 653.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 407.72 653.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 437.23 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 448.65 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 464.16 653.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 512.33 653.55 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.18 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 70.86 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 85.62 640.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 126.04 640.95 Td (date. ) Tj ET Q
q 0 0 0 rg BT 148.09 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 150.02 640.95 Td (Investments ) Tj ET Q
q 0 0 0 rg BT 202.70 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 216.88 640.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 244.47 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 259.23 640.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 275.74 640.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 300.41 640.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 309.34 640.95 Td (measured ) Tj ET Q
q 0 0 0 rg BT 351.51 640.95 Td (using ) Tj ET Q
q 0 0 0 rg BT 376.20 640.95 Td (NA) Tj ET Q
q 0 0 0 rg BT 390.01 640.95 Td (V) Tj ET Q
q 0 0 0 rg BT 397.40 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 399.34 640.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 410.02 640.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 416.61 640.95 Td (practical ) Tj ET Q
q 0 0 0 rg BT 454.68 640.95 Td (expedient ) Tj ET Q
q 0 0 0 rg BT 497.43 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 512.19 640.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 527.54 640.95 Td (required ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.29 628.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 72.83 628.35 Td (categorized ) Tj ET Q
q 0 0 0 rg BT 123.84 628.35 Td (within ) Tj ET Q
q 0 0 0 rg BT 153.30 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 168.75 628.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 185.95 628.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 211.31 628.35 Td (hierarchy) Tj ET Q
q 0 0 0 rg BT 250.27 628.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 255.52 628.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.82 603.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 127.22 603.15 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 164.03 603.15 Td (Sheet ) Tj ET Q
q 0 0 0 rg BT 190.35 603.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 202.08 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 213.82 603.15 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 259.96 603.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 286.58 603.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 324.56 603.15 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 388.20 603.15 Td (1% ) Tj ET Q
q 0 0 0 rg BT 405.19 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 416.93 603.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 438.58 603.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 466.07 603.15 Td (\(9% ) Tj ET Q
q 0 0 0 rg BT 486.55 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 498.29 603.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 538.01 603.15 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (measured ) Tj ET Q
q 0 0 0 rg BT 92.11 590.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 102.07 590.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 119.03 590.55 Td (value\) ) Tj ET Q
q 0 0 0 rg BT 147.64 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 165.18 590.55 Td (less ) Tj ET Q
q 0 0 0 rg BT 183.32 590.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 203.78 590.55 Td (1% ) Tj ET Q
q 0 0 0 rg BT 220.15 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 231.28 590.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 252.33 590.55 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 293.79 590.55 Td (\(19% ) Tj ET Q
q 0 0 0 rg BT 318.91 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 330.04 590.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 369.15 590.55 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 410.61 590.55 Td (measured ) Tj ET Q
q 0 0 0 rg BT 453.23 590.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 463.19 590.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 480.14 590.55 Td (value\) ) Tj ET Q
q 0 0 0 rg BT 508.76 590.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 526.88 590.55 Td (meet ) Tj ET Q
q 0 0 0 rg BT 549.67 590.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (definition ) Tj ET Q
q 0 0 0 rg BT 92.95 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 104.32 577.95 Td (Level�3. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (Any ) Tj ET Q
q 0 0 0 rg BT 70.21 552.75 Td (transfers ) Tj ET Q
q 0 0 0 rg BT 108.98 552.75 Td (between ) Tj ET Q
q 0 0 0 rg BT 146.59 552.75 Td (categories ) Tj ET Q
q 0 0 0 rg BT 191.78 552.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 207.22 552.75 Td (measured ) Tj ET Q
q 0 0 0 rg BT 250.08 552.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 260.28 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.73 552.75 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 320.35 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 331.73 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.18 552.75 Td (period.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 527.55 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.32 527.55 Td (3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.57 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.20 527.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 115.98 527.55 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 126.48 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 129.11 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.48 527.55 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 167.60 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 178.39 527.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 236.43 527.55 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 278.13 527.55 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 326.84 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 341.70 527.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 386.32 527.55 Td (information.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 97.64 502.35 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 128.27 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.82 502.35 Td (Goodwill) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (Balances ) Tj ET Q
q 0 0 0 rg BT 90.02 489.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 101.40 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.77 489.75 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 158.55 489.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 184.80 489.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 200.24 489.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 211.61 489.75 Td (follows ) Tj ET Q
q 0 0 0 rg BT 245.74 489.75 Td (\(in ) Tj ET Q
q 0 0 0 rg BT 260.03 489.75 Td (thousands\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 423.25 m
461 423.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
465 423.25 m
562 423.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 410.25 m
461 410.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 408.25 m
461 408.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
465 410.25 m
562 410.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
465 408.25 m
562 408.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 469.47 Td (Amortizable intangible asset management contracts and other) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 467.50 469.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 523.85 469.64 Td (109,21) Tj ET Q
q 0 0 0 rg BT 552.73 469.64 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 455.47 Td (Indefinite-life intangible assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 516.00 455.64 Td (3,198,388) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 441.47 Td (T) Tj ET Q
q 0 0 0 rg BT 58.73 441.47 Td (rade names) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 529.10 441.64 Td (48,091) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 427.47 Td (Goodwill) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 516.00 427.64 Td (1,847,766) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 413.47 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 467.50 413.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 516.00 413.64 Td (5,203,456) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 384.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.42 384.55 Td (identifiable ) Tj ET Q
q 0 0 0 rg BT 118.83 384.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 163.41 384.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 190.50 384.55 Td (consist ) Tj ET Q
q 0 0 0 rg BT 222.25 384.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 263.92 384.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 275.26 384.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 298.26 384.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 354.49 384.55 Td (contracts, ) Tj ET Q
q 0 0 0 rg BT 397.61 384.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 438.10 384.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 448.86 384.55 Td (manage ) Tj ET Q
q 0 0 0 rg BT 484.10 384.55 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 533.33 384.55 Td (mutual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 371.95 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 77.94 371.95 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 105.50 371.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 131.31 371.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 142.54 371.95 Td (funds-of-hedge ) Tj ET Q
q 0 0 0 rg BT 209.17 371.95 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 237.61 371.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 255.25 371.95 Td (trade ) Tj ET Q
q 0 0 0 rg BT 278.72 371.95 Td (names ) Tj ET Q
q 0 0 0 rg BT 308.03 371.95 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 347.26 371.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 370.15 371.95 Td (acquisitions. ) Tj ET Q
q 0 0 0 rg BT 425.42 371.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 427.36 371.95 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 453.17 371.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 509.30 371.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 549.69 371.95 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 359.35 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 100.79 359.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 144.50 359.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 170.73 359.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 188.20 359.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 202.74 359.35 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 249.94 359.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 259.25 359.35 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 307.05 359.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 323.94 359.35 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 367.65 359.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 388.03 359.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.59 359.35 Td (expected ) Tj ET Q
q 0 0 0 rg BT 441.62 359.35 Td (life ) Tj ET Q
q 0 0 0 rg BT 457.34 359.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 467.81 359.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.37 359.35 Td (contract. ) Tj ET Q
q 0 0 0 rg BT 520.53 359.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 522.26 359.35 Td (Contracts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 346.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.55 346.75 Td (manage ) Tj ET Q
q 0 0 0 rg BT 96.09 346.75 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 145.62 346.75 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 177.67 346.75 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 206.51 346.75 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 234.47 346.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 260.69 346.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 272.32 346.75 Td (funds-of-hedge ) Tj ET Q
q 0 0 0 rg BT 339.35 346.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 365.56 346.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 381.27 346.75 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 441.88 346.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 486.76 346.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 514.14 346.75 Td (because ) Tj ET Q
q 0 0 0 rg BT 550.25 346.75 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 334.15 Td (assume ) Tj ET Q
q 0 0 0 rg BT 82.62 334.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 100.57 334.15 Td (there ) Tj ET Q
q 0 0 0 rg BT 123.76 334.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 132.97 334.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 145.68 334.15 Td (foreseeable ) Tj ET Q
q 0 0 0 rg BT 195.68 334.15 Td (limit ) Tj ET Q
q 0 0 0 rg BT 217.73 334.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 230.43 334.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 245.47 334.15 Td (contract ) Tj ET Q
q 0 0 0 rg BT 281.49 334.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 310.52 334.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 327.88 334.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 338.26 334.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.29 334.15 Td (likelihood ) Tj ET Q
q 0 0 0 rg BT 398.08 334.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 409.03 334.15 Td (continued ) Tj ET Q
q 0 0 0 rg BT 452.64 334.15 Td (renewal ) Tj ET Q
q 0 0 0 rg BT 488.08 334.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 497.86 334.15 Td (little ) Tj ET Q
q 0 0 0 rg BT 519.32 334.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 530.27 334.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 542.98 334.15 Td (cost. ) Tj ET Q
q 0 0 0 rg BT 565.14 334.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 321.55 Td (Similarly) Tj ET Q
q 0 0 0 rg BT 87.90 321.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 94.16 321.55 Td (trade ) Tj ET Q
q 0 0 0 rg BT 118.78 321.55 Td (names ) Tj ET Q
q 0 0 0 rg BT 149.24 321.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 165.69 321.55 Td (considered ) Tj ET Q
q 0 0 0 rg BT 214.81 321.55 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 276.17 321.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 321.79 321.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 349.92 321.55 Td (because ) Tj ET Q
q 0 0 0 rg BT 386.79 321.55 Td (they ) Tj ET Q
q 0 0 0 rg BT 408.50 321.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 424.95 321.55 Td (expected ) Tj ET Q
q 0 0 0 rg BT 465.90 321.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 477.70 321.55 Td (generate ) Tj ET Q
q 0 0 0 rg BT 516.89 321.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 539.18 321.55 Td (flows ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 308.95 Td (indefinitely) Tj ET Q
q 0 0 0 rg BT 97.22 308.95 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 2.63 0 0 10.55 49.50 294.08 cm
/I36 Do Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 283.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.25 283.75 Td (allocating ) Tj ET Q
q 0 0 0 rg BT 103.66 283.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.49 283.75 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 157.81 283.75 Td (price ) Tj ET Q
q 0 0 0 rg BT 180.80 283.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 191.55 283.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 203.47 283.75 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 251.55 283.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 261.72 283.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 305.72 283.75 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 334.85 283.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 349.10 283.75 Td (must ) Tj ET Q
q 0 0 0 rg BT 371.52 283.75 Td (determine ) Tj ET Q
q 0 0 0 rg BT 415.51 283.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 430.34 283.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 446.92 283.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 471.66 283.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 482.41 283.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 497.25 283.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 523.75 283.75 Td (acquired. ) Tj ET Q
q 0 0 0 rg BT 565.14 283.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 271.15 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 271.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.28 271.15 Td (determine ) Tj ET Q
q 0 0 0 rg BT 109.31 271.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 125.92 271.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 154.80 271.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.59 271.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 209.63 271.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 236.17 271.15 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 274.36 271.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 300.32 271.15 Td (upon ) Tj ET Q
q 0 0 0 rg BT 323.37 271.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 364.48 271.15 Td (future ) Tj ET Q
q 0 0 0 rg BT 391.59 271.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 412.30 271.15 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 440.30 271.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 468.01 271.15 Td (take ) Tj ET Q
q 0 0 0 rg BT 487.55 271.15 Td (into ) Tj ET Q
q 0 0 0 rg BT 505.93 271.15 Td (consideration ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 258.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 90.42 258.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 107.43 258.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 161.19 258.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 202.70 258.55 Td (profit ) Tj ET Q
q 0 0 0 rg BT 227.88 258.55 Td (mar) Tj ET Q
q 0 0 0 rg BT 244.01 258.55 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 265.99 258.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 297.58 258.55 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 326.25 258.55 Td (attrition ) Tj ET Q
q 0 0 0 rg BT 361.34 258.55 Td (rates ) Tj ET Q
q 0 0 0 rg BT 383.01 258.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 397.10 258.55 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 435.09 258.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 474.83 258.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 500.59 258.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 523.43 258.55 Td (historical ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 245.95 Td (experience ) Tj ET Q
q 0 0 0 rg BT 98.07 245.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 116.33 245.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 141.01 245.95 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 175.30 245.95 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 218.64 245.95 Td (contract ) Tj ET Q
q 0 0 0 rg BT 255.56 245.95 Td (lives, ) Tj ET Q
q 0 0 0 rg BT 281.12 245.95 Td (discount ) Tj ET Q
q 0 0 0 rg BT 319.80 245.95 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 345.35 245.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 387.52 245.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 403.45 245.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 429.87 245.95 Td (flows ) Tj ET Q
q 0 0 0 rg BT 456.31 245.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 474.57 245.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 506.83 245.95 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 565.13 245.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 233.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.07 233.35 Td (determination ) Tj ET Q
q 0 0 0 rg BT 128.64 233.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 139.64 233.35 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 182.12 233.35 Td (contract ) Tj ET Q
q 0 0 0 rg BT 218.19 233.35 Td (lives ) Tj ET Q
q 0 0 0 rg BT 240.27 233.35 Td (requires ) Tj ET Q
q 0 0 0 rg BT 276.34 233.35 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 318.25 233.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 344.41 233.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 367.66 233.35 Td (historical ) Tj ET Q
q 0 0 0 rg BT 408.98 233.35 Td (client ) Tj ET Q
q 0 0 0 rg BT 434.55 233.35 Td (turnover ) Tj ET Q
q 0 0 0 rg BT 472.37 233.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 489.78 233.35 Td (attrition ) Tj ET Q
q 0 0 0 rg BT 525.28 233.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 547.35 233.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 220.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.09 220.75 Td (probability ) Tj ET Q
q 0 0 0 rg BT 111.93 220.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 129.44 220.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 169.11 220.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 189.54 220.75 Td (termination ) Tj ET Q
q 0 0 0 rg BT 239.71 220.75 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 285.22 220.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 303.32 220.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 315.00 220.75 Td (renewed. ) Tj ET Q
q 0 0 0 rg BT 354.95 220.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 356.58 220.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 374.67 220.75 Td (discount ) Tj ET Q
q 0 0 0 rg BT 412.02 220.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 429.52 220.75 Td (employed ) Tj ET Q
q 0 0 0 rg BT 472.69 220.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 481.45 220.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 487.88 220.75 Td (weighted-average ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 208.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 69.45 208.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 81.24 208.15 Td (capital ) Tj ET Q
q 0 0 0 rg BT 112.26 208.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 131.05 208.15 Td (takes ) Tj ET Q
q 0 0 0 rg BT 155.66 208.15 Td (into ) Tj ET Q
q 0 0 0 rg BT 175.04 208.15 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 234.64 208.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 242.34 208.15 Td (premium ) Tj ET Q
q 0 0 0 rg BT 283.29 208.15 Td (representing ) Tj ET Q
q 0 0 0 rg BT 338.23 208.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.09 208.15 Td (degree ) Tj ET Q
q 0 0 0 rg BT 385.11 208.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 396.90 208.15 Td (risk ) Tj ET Q
q 0 0 0 rg BT 415.69 208.15 Td (inherent ) Tj ET Q
q 0 0 0 rg BT 453.13 208.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 464.33 208.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 480.20 208.15 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 506.28 208.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 518.06 208.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 542.68 208.15 Td (fully ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 195.55 Td (described ) Tj ET Q
q 0 0 0 rg BT 92.36 195.55 Td (below) Tj ET Q
q 0 0 0 rg BT 117.34 195.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 170.35 Td (Goodwill ) Tj ET Q
q 0 0 0 rg BT 90.94 170.35 Td (represents ) Tj ET Q
q 0 0 0 rg BT 135.28 170.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.88 170.35 Td (residual ) Tj ET Q
q 0 0 0 rg BT 184.89 170.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 218.15 170.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.67 170.35 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 276.52 170.35 Td (cost ) Tj ET Q
q 0 0 0 rg BT 295.21 170.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 305.15 170.35 Td (excess ) Tj ET Q
q 0 0 0 rg BT 334.32 170.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.84 170.35 Td (identified ) Tj ET Q
q 0 0 0 rg BT 386.85 170.35 Td (tangible ) Tj ET Q
q 0 0 0 rg BT 422.45 170.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 439.38 170.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 483.14 170.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 509.41 170.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.34 170.35 Td (assumed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 157.75 Td (liabilities.) Tj ET Q
BT /F1 10.50 Tf ET
/GS0 gs
q 2.63 0 0 10.55 49.50 142.88 cm
/I37 Do Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 132.55 Td (Given ) Tj ET Q
q 0 0 0 rg BT 77.43 132.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.53 132.55 Td (relative ) Tj ET Q
q 0 0 0 rg BT 126.28 132.55 Td (significance ) Tj ET Q
q 0 0 0 rg BT 179.28 132.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.30 132.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 206.57 132.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 250.83 132.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 277.60 132.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 295.03 132.55 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 334.64 132.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 345.08 132.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 361.35 132.55 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 416.69 132.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 455.69 132.55 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 504.91 132.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 517.69 132.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 524.62 132.55 Td (quarterly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 119.95 Td (basis ) Tj ET Q
q 0 0 0 rg BT 72.81 119.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 87.36 119.95 Td (consider ) Tj ET Q
q 0 0 0 rg BT 125.24 119.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 133.96 119.95 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 177.67 119.95 Td (events ) Tj ET Q
q 0 0 0 rg BT 206.80 119.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 228.93 119.95 Td (occurred ) Tj ET Q
q 0 0 0 rg BT 267.97 119.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 286.02 119.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 306.40 119.95 Td (indicate ) Tj ET Q
q 0 0 0 rg BT 341.94 119.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 348.91 119.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 395.54 119.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 427.58 119.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 438.06 119.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 454.94 119.95 Td (values. ) Tj ET Q
q 0 0 0 rg BT 486.69 119.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 488.83 119.95 Td (T) Tj ET Q
q 0 0 0 rg BT 494.88 119.95 Td (riggering ) Tj ET Q
q 0 0 0 rg BT 535.67 119.95 Td (events ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 107.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 71.27 107.35 Td (include ) Tj ET Q
q 0 0 0 rg BT 105.87 107.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 153.89 107.35 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 189.65 107.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 227.16 107.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 239.02 107.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 256.71 107.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 295.99 107.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 308.43 107.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.96 107.35 Td (legal ) Tj ET Q
q 0 0 0 rg BT 349.06 107.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 361.50 107.35 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 408.34 107.35 Td (environment, ) Tj ET Q
q 0 0 0 rg BT 467.73 107.35 Td (loss ) Tj ET Q
q 0 0 0 rg BT 487.76 107.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.20 107.35 Td (key ) Tj ET Q
q 0 0 0 rg BT 519.06 107.35 Td (personnel, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 94.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 96.50 94.75 Td (business ) Tj ET Q
q 0 0 0 rg BT 134.77 94.75 Td (dispositions, ) Tj ET Q
q 0 0 0 rg BT 190.26 94.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 201.68 94.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 225.94 94.75 Td (events, ) Tj ET Q
q 0 0 0 rg BT 258.07 94.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 300.41 94.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 336.91 94.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 347.76 94.75 Td (economic ) Tj ET Q
q 0 0 0 rg BT 391.25 94.75 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 450.49 94.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 471.84 94.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 488.52 94.75 Td (af) Tj ET Q
q 0 0 0 rg BT 496.48 94.75 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 527.74 94.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 546.17 94.75 Td (will ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 82.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 81.48 82.15 Td (future ) Tj ET Q
q 0 0 0 rg BT 109.95 82.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 153.01 82.15 Td (results. ) Tj ET Q
q 0 0 0 rg BT 186.46 82.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 189.86 82.15 Td (If ) Tj ET Q
q 0 0 0 rg BT 200.26 82.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 208.32 82.15 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 253.13 82.15 Td (event ) Tj ET Q
q 0 0 0 rg BT 279.28 82.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 296.68 82.15 Td (occurred, ) Tj ET Q
q 0 0 0 rg BT 339.43 82.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 355.08 82.15 Td (perform ) Tj ET Q
q 0 0 0 rg BT 392.30 82.15 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 445.27 82.15 Td (tests, ) Tj ET Q
q 0 0 0 rg BT 469.97 82.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 499.04 82.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 533.35 82.15 Td (critical ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 69.55 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 85.98 69.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 98.55 69.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 112.88 69.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 161.03 69.55 Td (assumptions, ) Tj ET Q
q 0 0 0 rg BT 219.40 69.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 231.39 69.55 Td (determine ) Tj ET Q
q 0 0 0 rg BT 277.20 69.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 287.44 69.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 306.43 69.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 352.24 69.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 380.57 69.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 393.14 69.55 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 434.30 69.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 450.95 69.55 Td (impaired. ) Tj ET Q
q 0 0 0 rg BT 494.72 69.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 498.54 69.55 Td (If ) Tj ET Q
q 0 0 0 rg BT 509.36 69.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 525.43 69.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 549.08 69.55 Td (not ) Tj ET Q
endstream
endobj
157 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 158 0 R>>
endobj
158 0 obj
<</Length 37990>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (76) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (qualitatively ) Tj ET Q
q 0 0 0 rg BT 104.73 741.75 Td (concluded ) Tj ET Q
q 0 0 0 rg BT 150.62 741.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 169.10 741.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 177.68 741.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 187.42 741.75 Td (more ) Tj ET Q
q 0 0 0 rg BT 211.74 741.75 Td (likely ) Tj ET Q
q 0 0 0 rg BT 238.39 741.75 Td (than ) Tj ET Q
q 0 0 0 rg BT 259.21 741.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 275.37 741.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 293.85 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 309.42 741.75 Td (respective ) Tj ET Q
q 0 0 0 rg BT 354.72 741.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 372.03 741.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 401.60 741.75 Td (exceed ) Tj ET Q
q 0 0 0 rg BT 433.48 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 449.05 741.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 480.35 741.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 518.08 741.75 Td (values, ) Tj ET Q
q 0 0 0 rg BT 550.27 741.75 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (perform ) Tj ET Q
q 0 0 0 rg BT 85.94 729.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 110.14 729.15 Td (tests ) Tj ET Q
q 0 0 0 rg BT 131.44 729.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 146.30 729.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 206.66 729.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 251.27 729.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 278.40 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 296.18 729.15 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 336.14 729.15 Td (annually) Tj ET Q
q 0 0 0 rg BT 371.62 729.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
49.50 711.23 361.21 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 49.50 703.95 Td (Details ) Tj ET Q
q 0 0 0 rg BT 81.87 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.24 703.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 109.86 703.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 154.48 703.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 181.60 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.39 703.95 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 239.35 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.13 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.59 703.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 303.77 703.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 354.80 703.95 Td (tests ) Tj ET Q
q 0 0 0 rg BT 376.10 703.95 Td (follow) Tj ET Q
q 0 0 0 rg BT 402.83 703.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 408.08 703.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 678.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 66.08 678.75 Td (performed ) Tj ET Q
q 0 0 0 rg BT 112.66 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 129.51 678.75 Td (annual ) Tj ET Q
q 0 0 0 rg BT 160.35 678.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 211.61 678.75 Td (testing ) Tj ET Q
q 0 0 0 rg BT 242.46 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.06 678.75 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 294.25 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.26 678.75 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 372.84 678.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 417.68 678.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 445.03 678.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 456.63 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 468.23 678.75 Td (October ) Tj ET Q
q 0 0 0 rg BT 504.90 678.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 520.88 678.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 547.35 678.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (determined ) Tj ET Q
q 0 0 0 rg BT 99.15 666.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 117.31 666.15 Td (there ) Tj ET Q
q 0 0 0 rg BT 140.71 666.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 159.45 666.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 172.37 666.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 223.19 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 233.77 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 249.01 666.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 274.17 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.33 666.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 309.32 666.15 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 338.86 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 341.10 666.15 Td (W) Tj ET Q
q 0 0 0 rg BT 350.17 666.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 357.24 666.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 376.57 666.15 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 417.47 666.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 441.46 666.15 Td (critical ) Tj ET Q
q 0 0 0 rg BT 473.02 666.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 514.51 666.15 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 542.60 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 553.76 666.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (December ) Tj ET Q
q 0 0 0 rg BT 94.33 653.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 109.15 653.55 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 131.84 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 141.71 653.55 Td (determine ) Tj ET Q
q 0 0 0 rg BT 185.38 653.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 202.82 653.55 Td (no ) Tj ET Q
q 0 0 0 rg BT 215.01 653.55 Td (further ) Tj ET Q
q 0 0 0 rg BT 245.27 653.55 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 296.54 653.55 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 333.80 653.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 355.90 653.55 Td (warranted. ) Tj ET Q
q 0 0 0 rg BT 402.19 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 403.88 653.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 414.32 653.55 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 453.05 653.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 466.99 653.55 Td (performed ) Tj ET Q
q 0 0 0 rg BT 512.41 653.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 528.10 653.55 Td (periodic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 100.53 640.95 Td (review ) Tj ET Q
q 0 0 0 rg BT 131.72 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 143.10 640.95 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 195.28 640.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 239.90 640.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 267.02 640.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 278.39 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 289.76 640.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 319.79 640.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 335.54 640.95 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (Given ) Tj ET Q
q 0 0 0 rg BT 77.95 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.56 615.75 Td (level ) Tj ET Q
q 0 0 0 rg BT 116.76 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 128.29 615.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 160.23 615.75 Td (disruption ) Tj ET Q
q 0 0 0 rg BT 205.60 615.75 Td (associated ) Tj ET Q
q 0 0 0 rg BT 251.54 615.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 272.99 615.75 Td (COVID-19, ) Tj ET Q
q 0 0 0 rg BT 325.65 615.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 340.68 615.75 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 379.04 615.75 Td (whether ) Tj ET Q
q 0 0 0 rg BT 415.65 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 423.10 615.75 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 467.29 615.75 Td (event ) Tj ET Q
q 0 0 0 rg BT 492.81 615.75 Td (had ) Tj ET Q
q 0 0 0 rg BT 510.76 615.75 Td (occurred ) Tj ET Q
q 0 0 0 rg BT 550.27 615.75 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 70.75 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 81.51 603.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 97.52 603.15 Td (identifiable ) Tj ET Q
q 0 0 0 rg BT 147.35 603.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 207.09 603.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 251.09 603.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 277.60 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 294.78 603.15 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 334.13 603.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 344.89 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.65 603.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 385.06 603.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 400.20 603.15 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 425.84 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 427.86 603.15 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 460.78 603.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 520.52 603.15 Td (intangible ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 76.73 590.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 99.87 590.55 Td (determined ) Tj ET Q
q 0 0 0 rg BT 149.83 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 160.73 590.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 183.29 590.55 Td (had ) Tj ET Q
q 0 0 0 rg BT 201.18 590.55 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 245.32 590.55 Td (events ) Tj ET Q
q 0 0 0 rg BT 274.88 590.55 Td (due ) Tj ET Q
q 0 0 0 rg BT 292.78 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 303.68 590.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 311.07 590.55 Td (combination ) Tj ET Q
q 0 0 0 rg BT 366.30 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.78 590.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 424.84 590.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 456.72 590.55 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 497.37 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 515.27 590.55 Td (uncertainty ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (ensuing ) Tj ET Q
q 0 0 0 rg BT 84.80 577.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 107.84 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.30 577.95 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 173.17 577.95 Td (pandemic ) Tj ET Q
q 0 0 0 rg BT 216.62 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 234.41 577.95 Td (limited ) Tj ET Q
q 0 0 0 rg BT 266.79 577.95 Td (excess ) Tj ET Q
q 0 0 0 rg BT 296.83 577.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 314.03 577.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 339.40 577.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 360.69 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 376.15 577.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 407.35 577.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 444.96 577.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 474.42 577.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 485.79 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 497.17 577.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 513.80 577.95 Td (most ) Tj ET Q
q 0 0 0 rg BT 536.85 577.95 Td (recent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 101.24 565.35 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 138.99 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 149.91 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 160.84 565.35 Td (October ) Tj ET Q
q 0 0 0 rg BT 196.83 565.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 212.13 565.35 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 237.93 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 239.95 565.35 Td (W) Tj ET Q
q 0 0 0 rg BT 249.02 565.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 255.85 565.35 Td (updated ) Tj ET Q
q 0 0 0 rg BT 291.27 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 306.27 565.35 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 358.02 565.35 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 395.76 565.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 410.18 565.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 433.93 565.35 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 493.83 565.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 538.00 565.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 565.12 565.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.78 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 72.07 552.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 102.01 552.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 117.67 552.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 141.21 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 158.90 552.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 208.67 552.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 226.95 552.75 Td (there ) Tj ET Q
q 0 0 0 rg BT 250.48 552.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 269.34 552.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 282.38 552.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 333.32 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 344.02 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 359.39 552.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 384.66 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.95 552.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 420.06 552.75 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 449.72 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 461.00 552.75 Td (further ) Tj ET Q
q 0 0 0 rg BT 492.11 552.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 534.89 552.75 Td (below) Tj ET Q
q 0 0 0 rg BT 559.87 552.75 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (Amortizable Intangible ) Tj ET Q
q 0 0 0 rg BT 151.80 527.55 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 94.36 514.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 121.14 514.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 153.17 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 163.62 514.95 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 218.97 514.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 234.07 514.95 Td (considered ) Tj ET Q
q 0 0 0 rg BT 281.84 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 296.37 514.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 347.06 514.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 356.92 514.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 378.44 514.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 419.21 514.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 448.32 514.95 Td (using ) Tj ET Q
q 0 0 0 rg BT 473.36 514.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 485.56 514.95 Td (undiscounted ) Tj ET Q
q 0 0 0 rg BT 543.84 514.95 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (flow ) Tj ET Q
q 0 0 0 rg BT 70.62 502.35 Td (analysis. ) Tj ET Q
q 0 0 0 rg BT 108.94 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 110.82 502.35 Td (Significant ) Tj ET Q
q 0 0 0 rg BT 158.77 502.35 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 212.56 502.35 Td (used ) Tj ET Q
q 0 0 0 rg BT 233.68 502.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 243.72 502.35 Td (assessing ) Tj ET Q
q 0 0 0 rg BT 284.67 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 299.37 502.35 Td (recoverability ) Tj ET Q
q 0 0 0 rg BT 359.55 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.17 502.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 425.68 502.35 Td (contract ) Tj ET Q
q 0 0 0 rg BT 461.37 502.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 505.23 502.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 531.60 502.35 Td (include ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (projected ) Tj ET Q
q 0 0 0 rg BT 90.78 489.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 111.66 489.75 Td (flows ) Tj ET Q
q 0 0 0 rg BT 137.21 489.75 Td (generated ) Tj ET Q
q 0 0 0 rg BT 180.24 489.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 192.96 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 208.00 489.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 248.12 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 265.50 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.55 489.75 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 325.34 489.75 Td (economic ) Tj ET Q
q 0 0 0 rg BT 368.37 489.75 Td (lives ) Tj ET Q
q 0 0 0 rg BT 390.42 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 401.39 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 416.43 489.75 Td (contracts. ) Tj ET Q
q 0 0 0 rg BT 459.18 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 461.40 489.75 Td (Projected ) Tj ET Q
q 0 0 0 rg BT 503.27 489.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 524.15 489.75 Td (flows ) Tj ET Q
q 0 0 0 rg BT 549.70 489.75 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 76.07 477.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 89.24 477.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 108.81 477.15 Td (generated ) Tj ET Q
q 0 0 0 rg BT 152.28 477.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 165.45 477.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 197.26 477.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 224.43 477.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 239.34 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.83 477.15 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 300.64 477.15 Td (contracts. ) Tj ET Q
q 0 0 0 rg BT 343.83 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 346.50 477.15 Td (Contracts ) Tj ET Q
q 0 0 0 rg BT 389.41 477.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 404.89 477.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 446.62 477.15 Td (assumed ) Tj ET Q
q 0 0 0 rg BT 485.45 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 496.28 477.15 Td (turnover ) Tj ET Q
q 0 0 0 rg BT 534.52 477.15 Td (evenly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (throughout ) Tj ET Q
q 0 0 0 rg BT 99.13 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 115.50 464.55 Td (life ) Tj ET Q
q 0 0 0 rg BT 133.04 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 145.33 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 161.70 464.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 207.24 464.55 Td (asset. ) Tj ET Q
q 0 0 0 rg BT 233.82 464.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 237.11 464.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 256.98 464.55 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 303.10 464.55 Td (life ) Tj ET Q
q 0 0 0 rg BT 320.64 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.93 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 349.30 464.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 373.26 464.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 383.81 464.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 411.26 464.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 435.81 464.55 Td (factors ) Tj ET Q
q 0 0 0 rg BT 467.92 464.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 490.71 464.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 503.00 464.55 Td (average ) Tj ET Q
q 0 0 0 rg BT 539.19 464.55 Td (client ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (retention ) Tj ET Q
q 0 0 0 rg BT 89.02 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 106.39 451.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 131.91 451.95 Td (turnover ) Tj ET Q
q 0 0 0 rg BT 169.69 451.95 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 194.34 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 196.54 451.95 Td (If ) Tj ET Q
q 0 0 0 rg BT 205.74 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.77 451.95 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 276.04 451.95 Td (periods ) Tj ET Q
q 0 0 0 rg BT 309.15 451.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 324.17 451.95 Td (no ) Tj ET Q
q 0 0 0 rg BT 336.88 451.95 Td (longer ) Tj ET Q
q 0 0 0 rg BT 365.90 451.95 Td (appropriate, ) Tj ET Q
q 0 0 0 rg BT 418.54 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 433.57 451.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 473.09 451.95 Td (lives ) Tj ET Q
q 0 0 0 rg BT 495.12 451.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 510.14 451.95 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 547.34 451.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.41 439.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 95.06 439.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 107.64 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.55 439.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 139.20 439.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 164.01 439.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 173.10 439.35 Td (assessed. ) Tj ET Q
q 0 0 0 rg BT 213.38 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 215.00 439.35 Td (Actual ) Tj ET Q
q 0 0 0 rg BT 245.07 439.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 265.80 439.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 291.22 439.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 301.46 439.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 318.70 439.35 Td (one ) Tj ET Q
q 0 0 0 rg BT 335.94 439.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 364.85 439.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 385.00 439.35 Td (vary ) Tj ET Q
q 0 0 0 rg BT 405.74 439.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 428.23 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.14 439.35 Td (projected ) Tj ET Q
q 0 0 0 rg BT 484.28 439.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 505.02 439.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 530.43 439.35 Td (without ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 90.10 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 102.13 426.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 115.90 426.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 168.16 426.75 Td (char) Tj ET Q
q 0 0 0 rg BT 186.04 426.75 Td (ge ) Tj ET Q
q 0 0 0 rg BT 199.80 426.75 Td (because ) Tj ET Q
q 0 0 0 rg BT 236.89 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 245.41 426.75 Td (variance ) Tj ET Q
q 0 0 0 rg BT 284.82 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 296.84 426.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 315.86 426.75 Td (one ) Tj ET Q
q 0 0 0 rg BT 334.88 426.75 Td (period ) Tj ET Q
q 0 0 0 rg BT 365.56 426.75 Td (must ) Tj ET Q
q 0 0 0 rg BT 389.84 426.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 403.61 426.75 Td (considered ) Tj ET Q
q 0 0 0 rg BT 452.95 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 464.97 426.75 Td (conjunction ) Tj ET Q
q 0 0 0 rg BT 518.40 426.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 540.93 426.75 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 104.05 414.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 122.42 414.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 153.62 414.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 195.31 414.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 216.59 414.15 Td (flows.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (There ) Tj ET Q
q 0 0 0 rg BT 76.14 388.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 98.71 388.95 Td (no ) Tj ET Q
q 0 0 0 rg BT 111.37 388.95 Td (impairments ) Tj ET Q
q 0 0 0 rg BT 166.02 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 176.35 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 191.34 388.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 220.33 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 231.24 388.95 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 282.96 388.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 327.11 388.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 353.77 388.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 401.99 388.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 431.57 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.56 388.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 466.79 388.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 494.02 388.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 523.59 388.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.88 388.95 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.87 376.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 77.49 376.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 119.19 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.56 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.02 376.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 177.21 376.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 204.90 376.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 226.19 376.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 252.14 376.35 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 293.82 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 309.28 376.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 332.31 376.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 369.92 376.35 Td (values. ) Tj ET Q
q 0 0 0 rg BT 401.99 376.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.13 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 75.83 351.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 106.20 351.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.28 351.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 148.87 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 164.66 351.15 Td (EnT) Tj ET Q
q 0 0 0 rg BT 182.36 351.15 Td (rust ) Tj ET Q
q 0 0 0 rg BT 201.07 351.15 Td (Global ) Tj ET Q
q 0 0 0 rg BT 232.61 351.15 Td (separate ) Tj ET Q
q 0 0 0 rg BT 269.96 351.15 Td (account ) Tj ET Q
q 0 0 0 rg BT 305.57 351.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 346.43 351.15 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 398.95 351.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 422.32 351.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 438.11 351.15 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 476.05 351.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 501.75 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 513.46 351.15 Td ($33 ) Tj ET Q
q 0 0 0 rg BT 532.17 351.15 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (represented ) Tj ET Q
q 0 0 0 rg BT 99.84 338.55 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 162.43 338.55 Td (30% ) Tj ET Q
q 0 0 0 rg BT 183.63 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 194.32 338.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 210.27 338.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 230.88 338.55 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 282.39 338.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 326.33 338.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 348.69 338.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 404.28 338.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 444.13 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 461.24 338.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 484.76 338.55 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 527.52 338.55 Td (carrying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (value. ) Tj ET Q
q 0 0 0 rg BT 77.04 325.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 95.72 325.95 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 144.72 325.95 Td (undiscounted ) Tj ET Q
q 0 0 0 rg BT 203.06 325.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 224.07 325.95 Td (flows ) Tj ET Q
q 0 0 0 rg BT 249.75 325.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 280.67 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 291.18 325.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 308.70 325.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 331.46 325.95 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 372.87 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.04 325.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 425.38 325.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 450.46 325.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 463.31 325.95 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 526.31 325.95 Td (3% ) Tj ET Q
q 0 0 0 rg BT 542.66 325.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 553.76 325.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 78.59 313.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 93.41 313.35 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 118.72 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 120.41 313.35 Td (Despite ) Tj ET Q
q 0 0 0 rg BT 154.17 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 168.69 313.35 Td (excess ) Tj ET Q
q 0 0 0 rg BT 197.78 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 208.21 313.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 224.47 313.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 248.90 313.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 269.24 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 283.76 313.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 314.01 313.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 350.68 313.35 Td (value, ) Tj ET Q
q 0 0 0 rg BT 377.73 313.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 404.49 313.35 Td (decreases ) Tj ET Q
q 0 0 0 rg BT 446.40 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 456.26 313.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 471.94 313.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 492.29 313.35 Td (flow ) Tj ET Q
q 0 0 0 rg BT 513.22 313.35 Td (projections, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 87.79 300.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 109.75 300.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 136.36 300.75 Td (results, ) Tj ET Q
q 0 0 0 rg BT 167.94 300.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 178.23 300.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 213.60 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 223.31 300.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 276.77 300.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 293.48 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 303.19 300.75 Td (client ) Tj ET Q
q 0 0 0 rg BT 328.06 300.75 Td (attrition ) Tj ET Q
q 0 0 0 rg BT 362.85 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 379.55 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 393.93 300.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 424.03 300.75 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 465.23 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 474.94 300.75 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 516.43 300.75 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 108.31 288.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 140.60 288.15 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 190.11 288.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 201.99 288.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 226.70 288.15 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 261.03 288.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 282.24 288.15 Td (result ) Tj ET Q
q 0 0 0 rg BT 308.71 288.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 320.01 288.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 371.55 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 383.43 288.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 401.74 288.15 Td (asset. ) Tj ET Q
q 0 0 0 rg BT 427.91 288.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 430.82 288.15 Td (There ) Tj ET Q
q 0 0 0 rg BT 458.44 288.15 Td (can ) Tj ET Q
q 0 0 0 rg BT 476.14 288.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 489.19 288.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 502.82 288.15 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 546.77 288.15 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (continued ) Tj ET Q
q 0 0 0 rg BT 93.45 275.55 Td (client ) Tj ET Q
q 0 0 0 rg BT 119.32 275.55 Td (attrition, ) Tj ET Q
q 0 0 0 rg BT 157.74 275.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 180.69 275.55 Td (outflows, ) Tj ET Q
q 0 0 0 rg BT 222.61 275.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 254.31 275.55 Td (uncertainty) Tj ET Q
q 0 0 0 rg BT 300.86 275.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 306.03 275.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 317.32 275.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 341.44 275.55 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 375.18 275.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 394.06 275.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 410.03 275.55 Td (produce ) Tj ET Q
q 0 0 0 rg BT 446.39 275.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 458.85 275.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 503.38 275.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 554.33 275.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 67.30 262.95 Td (asset.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.92 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 75.41 237.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 105.56 237.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 121.43 237.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 147.80 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.37 237.75 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 197.61 237.75 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 234.77 237.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 271.91 237.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 307.30 237.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 347.95 237.75 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 400.25 237.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 423.41 237.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 438.98 237.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 476.71 237.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 502.19 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 513.69 237.75 Td ($60 ) Tj ET Q
q 0 0 0 rg BT 532.18 237.75 Td (million ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (represented ) Tj ET Q
q 0 0 0 rg BT 99.84 225.15 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 162.43 225.15 Td (55% ) Tj ET Q
q 0 0 0 rg BT 183.63 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 194.32 225.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 210.27 225.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 230.88 225.15 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 282.39 225.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 326.33 225.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 348.69 225.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 404.28 225.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 444.13 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 461.24 225.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 484.76 225.15 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 527.52 225.15 Td (carrying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 77.07 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 78.79 212.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 92.66 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 103.61 212.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 133.22 212.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 148.55 212.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 174.38 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.41 212.55 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 238.27 212.55 Td (undiscounted ) Tj ET Q
q 0 0 0 rg BT 296.47 212.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 317.33 212.55 Td (flows ) Tj ET Q
q 0 0 0 rg BT 342.87 212.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 373.63 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 384.01 212.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 401.38 212.55 Td (separate ) Tj ET Q
q 0 0 0 rg BT 437.98 212.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 472.83 212.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 512.94 212.55 Td (amortizable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 72.54 199.95 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 114.21 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.67 199.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 167.27 199.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 192.64 199.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 205.76 199.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 213.05 199.95 Td (material ) Tj ET Q
q 0 0 0 rg BT 250.07 199.95 Td (amount. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.44 174.75 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 109.30 174.75 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 153.49 174.75 Td (useful ) Tj ET Q
q 0 0 0 rg BT 180.77 174.75 Td (lives ) Tj ET Q
q 0 0 0 rg BT 202.23 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 212.59 174.75 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 263.77 174.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 307.38 174.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 333.50 174.75 Td (currently ) Tj ET Q
q 0 0 0 rg BT 373.02 174.75 Td (range ) Tj ET Q
q 0 0 0 rg BT 397.96 174.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 419.99 174.75 Td (one ) Tj ET Q
q 0 0 0 rg BT 436.77 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 446.56 174.75 Td (eight�years ) Tj ET Q
q 0 0 0 rg BT 493.95 174.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 514.24 174.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 520.52 174.75 Td (weighted-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (average ) Tj ET Q
q 0 0 0 rg BT 84.76 162.15 Td (life ) Tj ET Q
q 0 0 0 rg BT 101.38 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.75 162.15 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 176.03 162.15 Td (5.4 ) Tj ET Q
q 0 0 0 rg BT 191.78 162.15 Td (years.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (Indefinite-Life Intangible ) Tj ET Q
q 0 0 0 rg BT 162.86 136.95 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.24 124.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 112.39 124.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 140.04 124.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 161.86 124.35 Td (lives ) Tj ET Q
q 0 0 0 rg BT 184.85 124.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 203.75 124.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 219.72 124.35 Td (indeterminable ) Tj ET Q
q 0 0 0 rg BT 285.85 124.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 297.75 124.35 Td (indefinite, ) Tj ET Q
q 0 0 0 rg BT 343.77 124.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 361.49 124.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 387.39 124.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 397.54 124.35 Td (determined ) Tj ET Q
q 0 0 0 rg BT 447.93 124.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 471.50 124.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 479.31 124.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 511.62 124.35 Td (participant's ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (perspective ) Tj ET Q
q 0 0 0 rg BT 100.51 111.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 127.61 111.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 141.31 111.75 Td (projected ) Tj ET Q
q 0 0 0 rg BT 183.57 111.75 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 232.26 111.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 254.12 111.75 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 283.27 111.75 Td (taking ) Tj ET Q
q 0 0 0 rg BT 312.72 111.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 332.25 111.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 368.10 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.12 111.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 414.15 111.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 446.50 111.75 Td (participants ) Tj ET Q
q 0 0 0 rg BT 498.68 111.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 528.13 111.75 Td (pay ) Tj ET Q
q 0 0 0 rg BT 546.49 111.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 557.85 111.75 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (taxable ) Tj ET Q
q 0 0 0 rg BT 81.46 99.15 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 129.17 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 138.98 99.15 Td (acquire ) Tj ET Q
q 0 0 0 rg BT 171.52 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 185.99 99.15 Td (respective ) Tj ET Q
q 0 0 0 rg BT 230.19 99.15 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 258.96 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 260.49 99.15 Td (W) Tj ET Q
q 0 0 0 rg BT 269.56 99.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 275.86 99.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 297.32 99.15 Td (two ) Tj ET Q
q 0 0 0 rg BT 314.72 99.15 Td (primary ) Tj ET Q
q 0 0 0 rg BT 349.60 99.15 Td (types ) Tj ET Q
q 0 0 0 rg BT 373.41 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 383.80 99.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 443.17 99.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 486.80 99.15 Td (assets: ) Tj ET Q
q 0 0 0 rg BT 515.86 99.15 Td (proprietary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 71.37 86.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 111.90 86.55 Td (and, ) Tj ET Q
q 0 0 0 rg BT 132.31 86.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 143.10 86.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 150.39 86.55 Td (lesser ) Tj ET Q
q 0 0 0 rg BT 176.92 86.55 Td (extent, ) Tj ET Q
q 0 0 0 rg BT 207.82 86.55 Td (trade ) Tj ET Q
q 0 0 0 rg BT 231.44 86.55 Td (names.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 61.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 64.77 61.35 Td (determine ) Tj ET Q
q 0 0 0 rg BT 108.30 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.67 61.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 138.79 61.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 163.07 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 173.36 61.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 188.90 61.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 232.44 61.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 258.48 61.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 283.93 61.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 306.48 61.35 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 353.52 61.35 Td (projected ) Tj ET Q
q 0 0 0 rg BT 394.12 61.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 414.33 61.35 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 441.83 61.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 469.03 61.35 Td (take ) Tj ET Q
q 0 0 0 rg BT 488.07 61.35 Td (into ) Tj ET Q
q 0 0 0 rg BT 505.95 61.35 Td (consideration ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 91.14 48.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 102.45 48.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 130.08 48.75 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 152.17 48.75 Td (profit ) Tj ET Q
q 0 0 0 rg BT 178.06 48.75 Td (mar) Tj ET Q
q 0 0 0 rg BT 194.20 48.75 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 216.89 48.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 249.20 48.75 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 274.20 48.75 Td (taxes, ) Tj ET Q
q 0 0 0 rg BT 300.97 48.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 318.69 48.75 Td (discount ) Tj ET Q
q 0 0 0 rg BT 356.83 48.75 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 381.84 48.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 384.22 48.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 403.11 48.75 Td (determination ) Tj ET Q
q 0 0 0 rg BT 463.98 48.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 475.29 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.68 48.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 507.82 48.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 537.20 48.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.51 48.75 Td (our ) Tj ET Q
endstream
endobj
159 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 160 0 R>>
endobj
160 0 obj
<</Length 44111>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (77) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 109.58 741.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 153.93 741.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 180.78 741.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 190.14 741.75 Td (highly ) Tj ET Q
q 0 0 0 rg BT 219.33 741.75 Td (dependent ) Tj ET Q
q 0 0 0 rg BT 264.83 741.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 277.69 741.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 301.62 741.75 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 343.04 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 360.56 741.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 396.73 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 407.25 741.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 431.18 741.75 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 459.21 741.75 Td (could ) Tj ET Q
q 0 0 0 rg BT 484.89 741.75 Td (result ) Tj ET Q
q 0 0 0 rg BT 510.58 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 521.10 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 528.11 741.75 Td (material ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 101.14 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 113.12 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.18 729.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 160.98 729.15 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 199.19 729.15 Td (values. ) Tj ET Q
q 0 0 0 rg BT 231.17 729.15 Td (An ) Tj ET Q
q 0 0 0 rg BT 247.23 729.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 270.88 729.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 281.12 729.15 Td (determined ) Tj ET Q
q 0 0 0 rg BT 331.58 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 342.98 729.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 356.13 729.15 Td (impaired ) Tj ET Q
q 0 0 0 rg BT 396.68 729.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 406.33 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 422.39 729.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 455.36 729.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 473.16 729.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 499.13 729.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 509.37 729.15 Td (less ) Tj ET Q
q 0 0 0 rg BT 528.36 729.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 549.67 729.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 88.92 716.55 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 126.61 716.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 152.04 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 163.49 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.02 716.55 Td (asset. ) Tj ET Q
q 0 0 0 rg BT 204.75 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 207.45 716.55 Td (If ) Tj ET Q
q 0 0 0 rg BT 217.14 716.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 229.75 716.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 252.86 716.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 262.57 716.55 Td (impaired, ) Tj ET Q
q 0 0 0 rg BT 305.21 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 320.74 716.55 Td (dif) Tj ET Q
q 0 0 0 rg BT 332.21 716.55 Td (ference ) Tj ET Q
q 0 0 0 rg BT 365.80 716.55 Td (between ) Tj ET Q
q 0 0 0 rg BT 403.48 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 419.01 716.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 451.44 716.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 468.71 716.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 494.15 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 512.01 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.54 716.55 Td (carrying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 75.61 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 87.74 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 103.94 703.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 127.73 703.95 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 167.83 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 181.70 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.91 703.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 238.01 703.95 Td (statements ) Tj ET Q
q 0 0 0 rg BT 285.71 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 296.09 703.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 345.53 703.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 357.65 703.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 370.94 703.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 413.96 703.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 451.16 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 462.70 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 478.91 703.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 509.11 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 520.65 703.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 549.69 703.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 100.53 691.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 110.16 691.35 Td (determined ) Tj ET Q
q 0 0 0 rg BT 160.02 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 170.81 691.35 Td (exist.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (Contracts ) Tj ET Q
q 0 0 0 rg BT 92.59 666.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 111.19 666.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 126.86 666.15 Td (managed ) Tj ET Q
q 0 0 0 rg BT 167.61 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 185.62 666.15 Td (operated ) Tj ET Q
q 0 0 0 rg BT 224.62 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 236.21 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 243.72 666.15 Td (single ) Tj ET Q
q 0 0 0 rg BT 271.66 666.15 Td (unit, ) Tj ET Q
q 0 0 0 rg BT 293.47 666.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 315.57 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 327.16 666.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 367.91 666.15 Td (within ) Tj ET Q
q 0 0 0 rg BT 397.60 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.28 666.15 Td (same ) Tj ET Q
q 0 0 0 rg BT 437.70 666.15 Td (family ) Tj ET Q
q 0 0 0 rg BT 467.96 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.56 666.15 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 508.37 666.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 524.04 666.15 Td (reviewed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.07 653.55 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 103.29 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 120.86 653.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 136.08 653.55 Td (considered ) Tj ET Q
q 0 0 0 rg BT 183.97 653.55 Td (interchangeable ) Tj ET Q
q 0 0 0 rg BT 252.84 653.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 261.66 653.55 Td (investors ) Tj ET Q
q 0 0 0 rg BT 301.98 653.55 Td (can ) Tj ET Q
q 0 0 0 rg BT 318.96 653.55 Td (transfer ) Tj ET Q
q 0 0 0 rg BT 353.44 653.55 Td (between ) Tj ET Q
q 0 0 0 rg BT 390.83 653.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 416.57 653.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 437.64 653.55 Td (limited ) Tj ET Q
q 0 0 0 rg BT 469.80 653.55 Td (restrictions. ) Tj ET Q
q 0 0 0 rg BT 521.49 653.55 Td (Similarly) Tj ET Q
q 0 0 0 rg BT 559.89 653.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 70.80 640.95 Td (flows ) Tj ET Q
q 0 0 0 rg BT 96.78 640.95 Td (generated ) Tj ET Q
q 0 0 0 rg BT 140.23 640.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 153.38 640.95 Td (new ) Tj ET Q
q 0 0 0 rg BT 173.52 640.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 199.50 640.95 Td (added ) Tj ET Q
q 0 0 0 rg BT 227.21 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 238.03 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.50 640.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 275.39 640.95 Td (group ) Tj ET Q
q 0 0 0 rg BT 302.54 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 318.00 640.95 Td (included ) Tj ET Q
q 0 0 0 rg BT 356.80 640.95 Td (when ) Tj ET Q
q 0 0 0 rg BT 382.19 640.95 Td (determining ) Tj ET Q
q 0 0 0 rg BT 435.57 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 451.05 640.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 468.26 640.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 493.65 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 505.04 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 520.51 640.95 Td (intangible ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (asset.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (Projected ) Tj ET Q
q 0 0 0 rg BT 91.70 603.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 112.90 603.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 138.77 603.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 154.13 603.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 180.58 603.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 193.63 603.15 Td (annualized ) Tj ET Q
q 0 0 0 rg BT 241.65 603.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 262.85 603.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 288.73 603.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 303.51 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.88 603.15 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 364.57 603.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 405.01 603.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 446.62 603.15 Td (forward ) Tj ET Q
q 0 0 0 rg BT 482.40 603.15 Td (40�years, ) Tj ET Q
q 0 0 0 rg BT 522.84 603.15 Td (assuming ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (annual ) Tj ET Q
q 0 0 0 rg BT 79.81 590.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 100.80 590.55 Td (flow ) Tj ET Q
q 0 0 0 rg BT 122.37 590.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 154.45 590.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 177.18 590.55 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 219.75 590.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 234.90 590.55 Td (client ) Tj ET Q
q 0 0 0 rg BT 260.55 590.55 Td (flows ) Tj ET Q
q 0 0 0 rg BT 286.21 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 303.70 590.55 Td (projected ) Tj ET Q
q 0 0 0 rg BT 345.09 590.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 376.57 590.55 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 434.57 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 436.73 590.55 Td (T) Tj ET Q
q 0 0 0 rg BT 442.41 590.55 Td (o ) Tj ET Q
q 0 0 0 rg BT 449.98 590.55 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 487.30 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.45 590.55 Td (projected ) Tj ET Q
q 0 0 0 rg BT 543.84 590.55 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 77.88 577.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 119.36 577.95 Td (growth ) Tj ET Q
q 0 0 0 rg BT 151.52 577.95 Td (rates ) Tj ET Q
q 0 0 0 rg BT 173.76 577.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 186.68 577.95 Td (af) Tj ET Q
q 0 0 0 rg BT 194.65 577.95 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 221.56 577.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 236.79 577.95 Td (used ) Tj ET Q
q 0 0 0 rg BT 258.46 577.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 269.04 577.95 Td (project ) Tj ET Q
q 0 0 0 rg BT 300.62 577.95 Td (their ) Tj ET Q
q 0 0 0 rg BT 321.74 577.95 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 351.29 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 353.71 577.95 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 377.13 577.95 Td (flow ) Tj ET Q
q 0 0 0 rg BT 398.79 577.95 Td (growth ) Tj ET Q
q 0 0 0 rg BT 430.96 577.95 Td (rates ) Tj ET Q
q 0 0 0 rg BT 453.20 577.95 Td (consider ) Tj ET Q
q 0 0 0 rg BT 491.19 577.95 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 532.68 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 543.85 577.95 Td (both ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 77.59 565.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 104.50 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.25 565.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 155.99 565.35 Td (expectations ) Tj ET Q
q 0 0 0 rg BT 212.05 565.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 226.13 565.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 250.13 565.35 Td (class ) Tj ET Q
q 0 0 0 rg BT 274.13 565.35 Td (\(equity) Tj ET Q
q 0 0 0 rg BT 303.19 565.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 309.40 565.35 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 334.55 565.35 Td (income, ) Tj ET Q
q 0 0 0 rg BT 371.67 565.35 Td (alternative, ) Tj ET Q
q 0 0 0 rg BT 422.19 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 440.93 565.35 Td (liquidity\) ) Tj ET Q
q 0 0 0 rg BT 483.60 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 502.34 565.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 516.43 565.35 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (manager ) Tj ET Q
q 0 0 0 rg BT 87.08 552.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 112.41 552.75 Td (upon, ) Tj ET Q
q 0 0 0 rg BT 137.47 552.75 Td (among ) Tj ET Q
q 0 0 0 rg BT 167.47 552.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 190.48 552.75 Td (things, ) Tj ET Q
q 0 0 0 rg BT 220.20 552.75 Td (historical ) Tj ET Q
q 0 0 0 rg BT 260.71 552.75 Td (experience ) Tj ET Q
q 0 0 0 rg BT 307.60 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 324.19 552.75 Td (expectations ) Tj ET Q
q 0 0 0 rg BT 378.10 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 388.28 552.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 414.78 552.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 445.36 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 461.95 552.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 509.46 552.75 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 73.04 540.15 Td (internal ) Tj ET Q
q 0 0 0 rg BT 108.24 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 126.53 540.15 Td (external ) Tj ET Q
q 0 0 0 rg BT 163.47 540.15 Td (sources. ) Tj ET Q
q 0 0 0 rg BT 200.72 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 203.84 540.15 Td (Our ) Tj ET Q
q 0 0 0 rg BT 223.30 540.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 255.58 540.15 Td (growth ) Tj ET Q
q 0 0 0 rg BT 288.46 540.15 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 343.51 540.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 358.88 540.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 376.01 540.15 Td (most ) Tj ET Q
q 0 0 0 rg BT 399.56 540.15 Td (recent ) Tj ET Q
q 0 0 0 rg BT 428.33 540.15 Td (annual ) Tj ET Q
q 0 0 0 rg BT 459.45 540.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 510.99 540.15 Td (testing ) Tj ET Q
q 0 0 0 rg BT 542.11 540.15 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (4.5% ) Tj ET Q
q 0 0 0 rg BT 74.15 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 89.18 527.55 Td (equity) Tj ET Q
q 0 0 0 rg BT 114.74 527.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 120.14 527.55 Td (2% ) Tj ET Q
q 0 0 0 rg BT 136.92 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 151.94 527.55 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 176.30 527.55 Td (income, ) Tj ET Q
q 0 0 0 rg BT 212.61 527.55 Td (3% ) Tj ET Q
q 0 0 0 rg BT 229.39 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 244.41 527.55 Td (alternative, ) Tj ET Q
q 0 0 0 rg BT 294.13 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.07 527.55 Td (0% ) Tj ET Q
q 0 0 0 rg BT 328.84 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 343.87 527.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 382.23 527.55 Td (products, ) Tj ET Q
q 0 0 0 rg BT 423.80 527.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 445.25 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 452.69 527.55 Td (general ) Tj ET Q
q 0 0 0 rg BT 486.37 527.55 Td (assumption ) Tj ET Q
q 0 0 0 rg BT 536.98 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.51 527.55 Td (2% ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (or) Tj ET Q
q 0 0 0 rg BT 58.06 514.95 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 83.42 514.95 Td (growth ) Tj ET Q
q 0 0 0 rg BT 115.78 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 130.65 514.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 143.76 514.95 Td (products, ) Tj ET Q
q 0 0 0 rg BT 185.17 514.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 217.53 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 228.32 514.95 Td (exceptions ) Tj ET Q
q 0 0 0 rg BT 275.84 514.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 302.37 514.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 315.49 514.95 Td (recent ) Tj ET Q
q 0 0 0 rg BT 343.76 514.95 Td (trends ) Tj ET Q
q 0 0 0 rg BT 372.04 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 386.90 514.95 Td (or) Tj ET Q
q 0 0 0 rg BT 395.46 514.95 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 420.82 514.95 Td (growth ) Tj ET Q
q 0 0 0 rg BT 453.18 514.95 Td (\(contraction\), ) Tj ET Q
q 0 0 0 rg BT 512.65 514.95 Td (generally ) Tj ET Q
q 0 0 0 rg BT 554.34 514.95 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 74.28 502.35 Td (one ) Tj ET Q
q 0 0 0 rg BT 92.06 502.35 Td (through ) Tj ET Q
q 0 0 0 rg BT 127.35 502.35 Td (five.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.62 477.15 Td (starting ) Tj ET Q
q 0 0 0 rg BT 102.91 477.15 Td (point ) Tj ET Q
q 0 0 0 rg BT 127.30 477.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 142.34 477.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 166.71 477.15 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 221.43 477.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 231.23 477.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 248.02 477.15 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 290.46 477.15 Td (planning ) Tj ET Q
q 0 0 0 rg BT 330.00 477.15 Td (process ) Tj ET Q
q 0 0 0 rg BT 364.29 477.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 382.83 477.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 420.62 477.15 Td (three-year ) Tj ET Q
q 0 0 0 rg BT 465.35 477.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 492.65 477.15 Td (projections ) Tj ET Q
q 0 0 0 rg BT 542.11 477.15 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 67.19 464.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 125.69 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 139.29 464.55 Td (each ) Tj ET Q
q 0 0 0 rg BT 163.38 464.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 207.89 464.55 Td (af) Tj ET Q
q 0 0 0 rg BT 215.86 464.55 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 245.20 464.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 265.80 464.55 Td (consider ) Tj ET Q
q 0 0 0 rg BT 306.23 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 323.92 464.55 Td (specific ) Tj ET Q
q 0 0 0 rg BT 361.42 464.55 Td (business ) Tj ET Q
q 0 0 0 rg BT 401.87 464.55 Td (circumstances ) Tj ET Q
q 0 0 0 rg BT 466.20 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.80 464.55 Td (each ) Tj ET Q
q 0 0 0 rg BT 503.89 464.55 Td (af) Tj ET Q
q 0 0 0 rg BT 511.86 464.55 Td (filiate, ) Tj ET Q
q 0 0 0 rg BT 543.83 464.55 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 105.17 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 121.16 451.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 153.47 451.95 Td (af) Tj ET Q
q 0 0 0 rg BT 161.44 451.95 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 193.76 451.95 Td (adjusted, ) Tj ET Q
q 0 0 0 rg BT 235.13 451.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 247.62 451.95 Td (appropriate, ) Tj ET Q
q 0 0 0 rg BT 301.81 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 313.72 451.95 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 344.28 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 352.69 451.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 385.59 451.95 Td (participant ) Tj ET Q
q 0 0 0 rg BT 434.24 451.95 Td (view) Tj ET Q
q 0 0 0 rg BT 453.97 451.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 460.34 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 464.09 451.95 Td (Beyond ) Tj ET Q
q 0 0 0 rg BT 500.50 451.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 522.31 451.95 Td (three, ) Tj ET Q
q 0 0 0 rg BT 549.67 451.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 92.05 439.35 Td (move ) Tj ET Q
q 0 0 0 rg BT 118.86 439.35 Td (towards ) Tj ET Q
q 0 0 0 rg BT 155.58 439.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 173.05 439.35 Td (general ) Tj ET Q
q 0 0 0 rg BT 207.43 439.35 Td (or) Tj ET Q
q 0 0 0 rg BT 215.98 439.35 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 242.20 439.35 Td (growth ) Tj ET Q
q 0 0 0 rg BT 275.43 439.35 Td (assumption ) Tj ET Q
q 0 0 0 rg BT 326.74 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 338.96 439.35 Td (2%, ) Tj ET Q
q 0 0 0 rg BT 359.06 439.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 371.29 439.35 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 422.57 439.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 438.29 439.35 Td (each ) Tj ET Q
q 0 0 0 rg BT 461.00 439.35 Td (af) Tj ET Q
q 0 0 0 rg BT 468.97 439.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 496.94 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 515.58 439.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 539.46 439.35 Td (class, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (through ) Tj ET Q
q 0 0 0 rg BT 85.33 426.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 106.57 426.75 Td (20. ) Tj ET Q
q 0 0 0 rg BT 122.87 426.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 125.81 426.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 145.30 426.75 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 185.22 426.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 207.05 426.75 Td (flow ) Tj ET Q
q 0 0 0 rg BT 229.46 426.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 262.38 426.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 281.29 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 296.70 426.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 317.94 426.75 Td (20 ) Tj ET Q
q 0 0 0 rg BT 331.61 426.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 341.78 426.75 Td (held ) Tj ET Q
q 0 0 0 rg BT 363.03 426.75 Td (constant ) Tj ET Q
q 0 0 0 rg BT 401.19 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 419.52 426.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 441.94 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 453.28 426.75 Td (further ) Tj ET Q
q 0 0 0 rg BT 485.01 426.75 Td (project ) Tj ET Q
q 0 0 0 rg BT 517.34 426.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 539.16 426.75 Td (flows ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (through ) Tj ET Q
q 0 0 0 rg BT 84.83 414.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 105.56 414.15 Td (40. ) Tj ET Q
q 0 0 0 rg BT 121.35 414.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 124.02 414.15 Td (Based ) Tj ET Q
q 0 0 0 rg BT 152.35 414.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 165.51 414.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 206.66 414.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 233.82 414.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 246.99 414.15 Td (af) Tj ET Q
q 0 0 0 rg BT 254.96 414.15 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 282.11 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 299.94 414.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 323.02 414.15 Td (class, ) Tj ET Q
q 0 0 0 rg BT 348.72 414.15 Td (af) Tj ET Q
q 0 0 0 rg BT 356.69 414.15 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 383.84 414.15 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 422.67 414.15 Td (fee ) Tj ET Q
q 0 0 0 rg BT 438.15 414.15 Td (rates ) Tj ET Q
q 0 0 0 rg BT 460.64 414.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 476.12 414.15 Td (applied ) Tj ET Q
q 0 0 0 rg BT 509.69 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 520.53 414.15 Td (determine ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (projected ) Tj ET Q
q 0 0 0 rg BT 91.33 401.55 Td (revenues. ) Tj ET Q
q 0 0 0 rg BT 134.04 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 136.61 401.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 155.70 401.55 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 196.38 401.55 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 228.31 401.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 250.33 401.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 291.00 401.55 Td (projected ) Tj ET Q
q 0 0 0 rg BT 332.83 401.55 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 372.91 401.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 388.50 401.55 Td (applied ) Tj ET Q
q 0 0 0 rg BT 422.17 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 433.11 401.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 440.54 401.55 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 517.93 401.55 Td (mar) Tj ET Q
q 0 0 0 rg BT 534.07 401.55 Td (gin ) Tj ET Q
q 0 0 0 rg BT 550.25 401.55 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.90 388.95 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 112.61 388.95 Td (af) Tj ET Q
q 0 0 0 rg BT 120.58 388.95 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 152.72 388.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 172.03 388.95 Td (manage ) Tj ET Q
q 0 0 0 rg BT 208.25 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.86 388.95 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 254.56 388.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 258.13 388.95 Td (Mar) Tj ET Q
q 0 0 0 rg BT 275.43 388.95 Td (gins ) Tj ET Q
q 0 0 0 rg BT 296.50 388.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 312.89 388.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 340.36 388.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 354.43 388.95 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 414.56 388.95 Td (currently ) Tj ET Q
q 0 0 0 rg BT 456.03 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 467.76 388.95 Td (place ) Tj ET Q
q 0 0 0 rg BT 493.48 388.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 504.63 388.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 527.43 388.95 Td (af) Tj ET Q
q 0 0 0 rg BT 535.39 388.95 Td (filiate. ) Tj ET Q
q 0 0 0 rg BT 565.13 388.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (Projected ) Tj ET Q
q 0 0 0 rg BT 91.78 376.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 134.06 376.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 167.59 376.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 177.22 376.35 Td (further ) Tj ET Q
q 0 0 0 rg BT 208.41 376.35 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 244.26 376.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 257.39 376.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 269.92 376.35 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 320.36 376.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 335.81 376.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 354.17 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 364.96 376.35 Td (calculate ) Tj ET Q
q 0 0 0 rg BT 404.90 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.35 376.35 Td (projected ) Tj ET Q
q 0 0 0 rg BT 462.04 376.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 483.32 376.35 Td (flows.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 351.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.04 351.15 Td (believe ) Tj ET Q
q 0 0 0 rg BT 97.16 351.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 112.97 351.15 Td (growth ) Tj ET Q
q 0 0 0 rg BT 144.53 351.15 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 198.26 351.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 212.88 351.15 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 259.58 351.15 Td (given ) Tj ET Q
q 0 0 0 rg BT 284.72 351.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 300.53 351.15 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 358.90 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 369.46 351.15 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 406.26 351.15 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 436.37 351.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 477.84 351.15 Td (internal ) Tj ET Q
q 0 0 0 rg BT 511.72 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 528.69 351.15 Td (external ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (sources, ) Tj ET Q
q 0 0 0 rg BT 86.35 338.55 Td (although ) Tj ET Q
q 0 0 0 rg BT 125.83 338.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 142.56 338.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 197.21 338.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 212.76 338.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 245.24 338.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 256.14 338.55 Td (change ) Tj ET Q
q 0 0 0 rg BT 288.60 338.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 315.24 338.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 328.48 338.55 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 380.78 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 391.68 338.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 408.41 338.55 Td (actual ) Tj ET Q
q 0 0 0 rg BT 436.21 338.55 Td (results ) Tj ET Q
q 0 0 0 rg BT 466.36 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 484.26 338.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 516.14 338.55 Td (conditions. ) Tj ET Q
q 0 0 0 rg BT 565.14 338.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.83 325.95 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 123.75 325.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 139.57 325.95 Td (also ) Tj ET Q
q 0 0 0 rg BT 159.48 325.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 192.22 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 203.39 325.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 236.12 325.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 254.28 325.95 Td (to, ) Tj ET Q
q 0 0 0 rg BT 268.08 325.95 Td (among ) Tj ET Q
q 0 0 0 rg BT 299.65 325.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 324.23 325.95 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 358.42 325.95 Td (poor ) Tj ET Q
q 0 0 0 rg BT 380.67 325.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 429.74 325.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 485.79 325.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 499.29 325.95 Td (one ) Tj ET Q
q 0 0 0 rg BT 517.45 325.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 529.20 325.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 553.77 325.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 66.03 313.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 108.22 313.35 Td (af) Tj ET Q
q 0 0 0 rg BT 116.19 313.35 Td (filiates, ) Tj ET Q
q 0 0 0 rg BT 149.93 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.29 313.35 Td (withdrawal ) Tj ET Q
q 0 0 0 rg BT 215.06 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.79 313.35 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 252.83 313.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 265.86 313.35 Td (clients, ) Tj ET Q
q 0 0 0 rg BT 298.44 313.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 334.79 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 345.49 313.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 383.62 313.35 Td (climate, ) Tj ET Q
q 0 0 0 rg BT 419.68 313.35 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 454.28 313.35 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 499.97 313.35 Td (actions, ) Tj ET Q
q 0 0 0 rg BT 534.87 313.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 546.16 313.35 Td (loss ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.70 300.75 Td (key ) Tj ET Q
q 0 0 0 rg BT 80.31 300.75 Td (personnel. ) Tj ET Q
q 0 0 0 rg BT 127.21 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 130.41 300.75 Td (W) Tj ET Q
q 0 0 0 rg BT 139.48 300.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 147.59 300.75 Td (consider ) Tj ET Q
q 0 0 0 rg BT 186.61 300.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 211.64 300.75 Td (risks ) Tj ET Q
q 0 0 0 rg BT 234.92 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 246.54 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.82 300.75 Td (development ) Tj ET Q
q 0 0 0 rg BT 320.51 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.70 300.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 350.15 300.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 383.35 300.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 438.72 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 457.33 300.75 Td (discount ) Tj ET Q
q 0 0 0 rg BT 496.37 300.75 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 522.26 300.75 Td (discussed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 80.61 288.15 Td (below) Tj ET Q
q 0 0 0 rg BT 105.59 288.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 110.76 288.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 113.30 288.15 Td (Further) Tj ET Q
q 0 0 0 rg BT 143.79 288.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 148.96 288.15 Td (actual ) Tj ET Q
q 0 0 0 rg BT 176.57 288.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 197.77 288.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 223.65 288.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 234.36 288.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 252.06 288.15 Td (one ) Tj ET Q
q 0 0 0 rg BT 269.76 288.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 299.13 288.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 319.75 288.15 Td (vary ) Tj ET Q
q 0 0 0 rg BT 340.95 288.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 363.91 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.28 288.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 420.88 288.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 442.08 288.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 467.96 288.15 Td (without ) Tj ET Q
q 0 0 0 rg BT 502.59 288.15 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 541.88 288.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 552.59 288.15 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 101.23 275.55 Td (char) Tj ET Q
q 0 0 0 rg BT 119.11 275.55 Td (ge ) Tj ET Q
q 0 0 0 rg BT 132.35 275.55 Td (because ) Tj ET Q
q 0 0 0 rg BT 168.91 275.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 176.90 275.55 Td (variance ) Tj ET Q
q 0 0 0 rg BT 215.78 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 227.28 275.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 245.77 275.55 Td (one ) Tj ET Q
q 0 0 0 rg BT 264.26 275.55 Td (period ) Tj ET Q
q 0 0 0 rg BT 294.41 275.55 Td (must ) Tj ET Q
q 0 0 0 rg BT 318.16 275.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 331.40 275.55 Td (considered ) Tj ET Q
q 0 0 0 rg BT 380.21 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 391.71 275.55 Td (conjunction ) Tj ET Q
q 0 0 0 rg BT 444.61 275.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 466.61 275.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 491.51 275.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 546.76 275.55 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 80.70 262.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 122.39 262.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 143.67 262.95 Td (flows.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.19 237.75 Td (process ) Tj ET Q
q 0 0 0 rg BT 102.04 237.75 Td (includes ) Tj ET Q
q 0 0 0 rg BT 139.40 237.75 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 190.75 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 201.85 237.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 229.28 237.75 Td (results ) Tj ET Q
q 0 0 0 rg BT 259.06 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 269.58 237.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 292.36 237.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 324.46 237.75 Td (projections. ) Tj ET Q
q 0 0 0 rg BT 376.11 237.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 378.47 237.75 Td (However) Tj ET Q
q 0 0 0 rg BT 416.53 237.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 421.52 237.75 Td (dif) Tj ET Q
q 0 0 0 rg BT 432.99 237.75 Td (ferences ) Tj ET Q
q 0 0 0 rg BT 470.32 237.75 Td (between ) Tj ET Q
q 0 0 0 rg BT 507.67 237.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 535.10 237.75 Td (results ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.59 225.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 82.51 225.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 104.84 225.15 Td (projections ) Tj ET Q
q 0 0 0 rg BT 153.43 225.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 168.17 225.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 183.51 225.15 Td (necessarily ) Tj ET Q
q 0 0 0 rg BT 232.08 225.15 Td (indicative ) Tj ET Q
q 0 0 0 rg BT 275.41 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 286.08 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 292.67 225.15 Td (need ) Tj ET Q
q 0 0 0 rg BT 314.42 225.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 324.51 225.15 Td (reassess ) Tj ET Q
q 0 0 0 rg BT 360.26 225.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 376.18 225.15 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 417.18 225.15 Td (given ) Tj ET Q
q 0 0 0 rg BT 442.43 225.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 460.10 225.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 476.03 225.15 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 523.44 225.15 Td (projected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 70.60 212.55 Td (flow ) Tj ET Q
q 0 0 0 rg BT 92.29 212.55 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 130.31 212.55 Td (include ) Tj ET Q
q 0 0 0 rg BT 163.66 212.55 Td (projections ) Tj ET Q
q 0 0 0 rg BT 212.76 212.55 Td (well ) Tj ET Q
q 0 0 0 rg BT 233.28 212.55 Td (beyond ) Tj ET Q
q 0 0 0 rg BT 266.64 212.55 Td (three ) Tj ET Q
q 0 0 0 rg BT 290.07 212.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 314.67 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.27 212.55 Td (variances ) Tj ET Q
q 0 0 0 rg BT 374.36 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 384.97 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.24 212.55 Td (near) Tj ET Q
q 0 0 0 rg BT 418.10 212.55 Td (-years ) Tj ET Q
q 0 0 0 rg BT 446.20 212.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 466.72 212.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 479.08 212.55 Td (of) Tj ET Q
q 0 0 0 rg BT 487.63 212.55 Td (fset ) Tj ET Q
q 0 0 0 rg BT 505.24 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 515.85 212.55 Td (subsequent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (years; ) Tj ET Q
q 0 0 0 rg BT 76.88 199.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 93.76 199.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 118.80 199.95 Td (assessments ) Tj ET Q
q 0 0 0 rg BT 171.86 199.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 186.98 199.95 Td (point-in-time, ) Tj ET Q
q 0 0 0 rg BT 247.33 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 264.79 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 279.93 199.95 Td (consistency ) Tj ET Q
q 0 0 0 rg BT 331.23 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 342.28 199.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 349.25 199.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 366.13 199.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 391.17 199.95 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 440.14 199.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 461.12 199.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 485.00 199.95 Td (indicators ) Tj ET Q
q 0 0 0 rg BT 528.71 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 539.77 199.95 Td (value ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.96 187.35 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 97.48 187.35 Td (expectations ) Tj ET Q
q 0 0 0 rg BT 152.68 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.14 187.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 196.00 187.35 Td (participants ) Tj ET Q
q 0 0 0 rg BT 247.70 187.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 257.99 187.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 276.45 187.35 Td (point-in-time ) Tj ET Q
q 0 0 0 rg BT 334.57 187.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 344.29 187.35 Td (critical ) Tj ET Q
q 0 0 0 rg BT 376.15 187.35 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 416.18 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.64 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.18 187.35 Td (soundness ) Tj ET Q
q 0 0 0 rg BT 489.06 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.52 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 516.06 187.35 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 553.76 187.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (value. ) Tj ET Q
q 0 0 0 rg BT 78.17 174.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 81.48 174.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 93.53 174.75 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 143.49 174.75 Td (periods, ) Tj ET Q
q 0 0 0 rg BT 180.34 174.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 195.89 174.75 Td (consider ) Tj ET Q
q 0 0 0 rg BT 234.76 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.90 174.75 Td (dif) Tj ET Q
q 0 0 0 rg BT 262.37 174.75 Td (ferences ) Tj ET Q
q 0 0 0 rg BT 300.65 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 312.12 174.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 340.50 174.75 Td (results ) Tj ET Q
q 0 0 0 rg BT 371.22 174.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 394.93 174.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 412.23 174.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 435.95 174.75 Td (projections ) Tj ET Q
q 0 0 0 rg BT 485.91 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 497.39 174.75 Td (considering ) Tj ET Q
q 0 0 0 rg BT 549.68 174.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (reasonableness ) Tj ET Q
q 0 0 0 rg BT 115.10 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 126.47 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.93 162.15 Td (growth ) Tj ET Q
q 0 0 0 rg BT 174.30 162.15 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 228.85 162.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 250.72 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 261.51 162.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 278.13 162.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 310.49 162.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 361.52 162.15 Td (testing.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (Discount ) Tj ET Q
q 0 0 0 rg BT 90.63 136.95 Td (rates ) Tj ET Q
q 0 0 0 rg BT 113.67 136.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 129.70 136.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 156.82 136.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 170.54 136.95 Td (appropriately ) Tj ET Q
q 0 0 0 rg BT 229.73 136.95 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 271.43 136.95 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 314.89 136.95 Td (costs ) Tj ET Q
q 0 0 0 rg BT 339.10 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 351.06 136.95 Td (debt ) Tj ET Q
q 0 0 0 rg BT 372.36 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 390.73 136.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 420.19 136.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 451.39 136.95 Td (using ) Tj ET Q
q 0 0 0 rg BT 477.36 136.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 485.24 136.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 517.60 136.95 Td (participant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (perspective. ) Tj ET Q
q 0 0 0 rg BT 102.35 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 104.60 124.35 Td (W) Tj ET Q
q 0 0 0 rg BT 113.67 124.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 120.74 124.35 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 158.15 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 173.40 124.35 Td (cost ) Tj ET Q
q 0 0 0 rg BT 192.73 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 203.89 124.35 Td (debt ) Tj ET Q
q 0 0 0 rg BT 224.39 124.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 250.71 124.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 263.63 124.35 Td (published ) Tj ET Q
q 0 0 0 rg BT 306.88 124.35 Td (debt ) Tj ET Q
q 0 0 0 rg BT 327.37 124.35 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 352.06 124.35 Td (W) Tj ET Q
q 0 0 0 rg BT 361.13 124.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 368.21 124.35 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 405.62 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.86 124.35 Td (cost ) Tj ET Q
q 0 0 0 rg BT 440.20 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 451.36 124.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 480.02 124.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 510.42 124.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 536.75 124.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 549.67 124.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (Capital ) Tj ET Q
q 0 0 0 rg BT 82.55 111.75 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 109.38 111.75 Td (Pricing ) Tj ET Q
q 0 0 0 rg BT 143.20 111.75 Td (Model, ) Tj ET Q
q 0 0 0 rg BT 176.74 111.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 205.89 111.75 Td (considers ) Tj ET Q
q 0 0 0 rg BT 249.05 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 265.37 111.75 Td (risk-free ) Tj ET Q
q 0 0 0 rg BT 304.42 111.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 338.82 111.75 Td (rate, ) Tj ET Q
q 0 0 0 rg BT 360.68 111.75 Td (peer) Tj ET Q
q 0 0 0 rg BT 378.54 111.75 Td (-group ) Tj ET Q
q 0 0 0 rg BT 410.02 111.75 Td (betas, ) Tj ET Q
q 0 0 0 rg BT 437.72 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 456.37 111.75 Td (company ) Tj ET Q
q 0 0 0 rg BT 498.36 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 517.01 111.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 546.75 111.75 Td (risk ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (premiums. ) Tj ET Q
q 0 0 0 rg BT 95.82 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 97.40 99.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 115.43 99.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 143.37 99.15 Td (risk ) Tj ET Q
q 0 0 0 rg BT 160.82 99.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 169.53 99.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 199.80 99.15 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 236.49 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 246.36 99.15 Td (consider ) Tj ET Q
q 0 0 0 rg BT 283.63 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.16 99.15 Td (relative ) Tj ET Q
q 0 0 0 rg BT 331.34 99.15 Td (risk ) Tj ET Q
q 0 0 0 rg BT 348.79 99.15 Td (associated ) Tj ET Q
q 0 0 0 rg BT 393.64 99.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 414.01 99.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 434.94 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 445.39 99.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 461.09 99.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 520.52 99.15 Td (intangible ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 72.54 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 90.32 86.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 106.94 86.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 148.06 86.55 Td (unit. ) Tj ET Q
q 0 0 0 rg BT 169.45 86.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 188.40 86.55 Td (discount ) Tj ET Q
q 0 0 0 rg BT 226.61 86.55 Td (rates ) Tj ET Q
q 0 0 0 rg BT 249.06 86.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 264.50 86.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 284.04 86.55 Td (calibrated ) Tj ET Q
q 0 0 0 rg BT 328.06 86.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 354.59 86.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 367.71 86.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 380.25 86.55 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 429.54 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 440.91 86.55 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 477.35 86.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 509.12 86.55 Td (values.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (Consistent ) Tj ET Q
q 0 0 0 rg BT 95.71 61.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 116.26 61.35 Td (standard ) Tj ET Q
q 0 0 0 rg BT 153.70 61.35 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 194.65 61.35 Td (practices ) Tj ET Q
q 0 0 0 rg BT 233.83 61.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 247.95 61.35 Td (taxable ) Tj ET Q
q 0 0 0 rg BT 280.14 61.35 Td (transactions, ) Tj ET Q
q 0 0 0 rg BT 334.79 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 349.50 61.35 Td (projected ) Tj ET Q
q 0 0 0 rg BT 390.43 61.35 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 437.80 61.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 458.33 61.35 Td (flow ) Tj ET Q
q 0 0 0 rg BT 479.45 61.35 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 515.16 61.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 533.95 61.35 Td (factors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.35 48.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 67.70 48.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 83.21 48.75 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 115.05 48.75 Td (value, ) Tj ET Q
q 0 0 0 rg BT 143.10 48.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 154.53 48.75 Td (appropriate. ) Tj ET Q
q 0 0 0 rg BT 207.46 48.75 Td (This ) Tj ET Q
q 0 0 0 rg BT 228.81 48.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 244.32 48.75 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 276.16 48.75 Td (represents ) Tj ET Q
q 0 0 0 rg BT 321.41 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 336.92 48.75 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 385.10 48.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 400.62 48.75 Td (savings ) Tj ET Q
q 0 0 0 rg BT 434.80 48.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 442.15 48.75 Td (third ) Tj ET Q
q 0 0 0 rg BT 464.66 48.75 Td (party ) Tj ET Q
q 0 0 0 rg BT 488.92 48.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 507.35 48.75 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 552.60 48.75 Td (an ) Tj ET Q
endstream
endobj
161 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 162 0 R>>
endobj
162 0 obj
<</Length 42161>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (78) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 72.41 741.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 85.41 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 92.57 741.75 Td (given ) Tj ET Q
q 0 0 0 rg BT 118.40 741.75 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 159.98 741.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 179.97 741.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 208.72 741.75 Td (receive ) Tj ET Q
q 0 0 0 rg BT 241.52 741.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 264.44 741.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 292.01 741.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 307.34 741.75 Td (deductions ) Tj ET Q
q 0 0 0 rg BT 355.33 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 370.07 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 385.40 741.75 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 440.97 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 452.21 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 467.54 741.75 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 507.36 741.75 Td (price ) Tj ET Q
q 0 0 0 rg BT 530.84 741.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 552.00 741.75 Td (15 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (years.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.44 703.95 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 110.97 703.95 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 143.75 703.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 166.61 703.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 208.12 703.95 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 247.88 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 259.67 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 276.11 703.95 Td (Citigroup ) Tj ET Q
q 0 0 0 rg BT 319.18 703.95 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 346.13 703.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 404.56 703.95 Td (\(�CAM�\) ) Tj ET Q
q 0 0 0 rg BT 448.41 703.95 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 498.10 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 510.46 703.95 Td ($2.1 ) Tj ET Q
q 0 0 0 rg BT 532.45 703.95 Td (billion, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (account ) Tj ET Q
q 0 0 0 rg BT 84.45 691.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 98.99 691.35 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 161.94 691.35 Td (65% ) Tj ET Q
q 0 0 0 rg BT 183.48 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 194.53 691.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 210.83 691.35 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 270.85 691.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 315.14 691.35 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 344.57 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 346.36 691.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 360.33 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.37 691.35 Td (October ) Tj ET Q
q 0 0 0 rg BT 407.49 691.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 422.91 691.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 448.84 691.35 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 511.79 691.35 Td ($163 ) Tj ET Q
q 0 0 0 rg BT 535.09 691.35 Td (billion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.14 678.75 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 89.69 678.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 131.19 678.75 Td (managed ) Tj ET Q
q 0 0 0 rg BT 171.52 678.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 184.27 678.75 Td (W) Tj ET Q
q 0 0 0 rg BT 193.34 678.75 Td (estern ) Tj ET Q
q 0 0 0 rg BT 220.30 678.75 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 246.06 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 263.65 678.75 Td (ClearBridge, ) Tj ET Q
q 0 0 0 rg BT 320.02 678.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 338.77 678.75 Td (associated ) Tj ET Q
q 0 0 0 rg BT 384.35 678.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 405.44 678.75 Td (this ) Tj ET Q
q 0 0 0 rg BT 423.04 678.75 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 448.50 678.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 469.60 678.75 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 532.67 678.75 Td (38% ) Tj ET Q
q 0 0 0 rg BT 554.35 678.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 77.79 666.15 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 107.55 666.15 Td (48% ) Tj ET Q
q 0 0 0 rg BT 129.42 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 140.21 666.15 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 164.41 666.15 Td (income ) Tj ET Q
q 0 0 0 rg BT 197.37 666.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 224.50 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 242.28 666.15 Td (14% ) Tj ET Q
q 0 0 0 rg BT 264.16 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 274.95 666.15 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 312.58 666.15 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 342.34 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 344.97 666.15 Td (Previously ) Tj ET Q
q 0 0 0 rg BT 392.51 666.15 Td (disclosed ) Tj ET Q
q 0 0 0 rg BT 434.22 666.15 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 490.49 666.15 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 533.35 666.15 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 96.50 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 114.90 653.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 138.56 653.55 Td (flows ) Tj ET Q
q 0 0 0 rg BT 165.14 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 183.54 653.55 Td (risks ) Tj ET Q
q 0 0 0 rg BT 206.63 653.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 238.44 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 249.85 653.55 Td (potential ) Tj ET Q
q 0 0 0 rg BT 289.84 653.55 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 336.23 653.55 Td (changes ) Tj ET Q
q 0 0 0 rg BT 373.29 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 384.71 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.78 653.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 439.61 653.55 Td (business, ) Tj ET Q
q 0 0 0 rg BT 481.07 653.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 497.14 653.55 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 537.10 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 548.52 653.55 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 90.71 640.95 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 138.35 640.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 159.15 640.95 Td (flow ) Tj ET Q
q 0 0 0 rg BT 180.55 640.95 Td (analyses. ) Tj ET Q
q 0 0 0 rg BT 220.89 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 223.04 640.95 Td (Despite ) Tj ET Q
q 0 0 0 rg BT 257.26 640.95 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 293.22 640.95 Td (recent ) Tj ET Q
q 0 0 0 rg BT 321.02 640.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 352.32 640.95 Td (activity) Tj ET Q
q 0 0 0 rg BT 383.13 640.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 387.90 640.95 Td (given ) Tj ET Q
q 0 0 0 rg BT 413.37 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 428.35 640.95 Td (level ) Tj ET Q
q 0 0 0 rg BT 450.90 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 461.79 640.95 Td (excess ) Tj ET Q
q 0 0 0 rg BT 491.35 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 502.24 640.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 518.96 640.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 543.84 640.95 Td (over ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.93 628.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 96.09 628.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 133.67 628.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 159.00 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 169.77 628.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 186.37 628.35 Td (most ) Tj ET Q
q 0 0 0 rg BT 209.38 628.35 Td (recent ) Tj ET Q
q 0 0 0 rg BT 237.63 628.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 288.63 628.35 Td (testing, ) Tj ET Q
q 0 0 0 rg BT 321.85 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 337.28 628.35 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 377.79 628.35 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 409.55 628.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 431.40 628.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 471.89 628.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 494.90 628.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 513.83 628.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 529.85 628.35 Td (deemed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.29 615.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 82.74 615.75 Td (had ) Tj ET Q
q 0 0 0 rg BT 100.52 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 107.81 615.75 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 151.84 615.75 Td (event ) Tj ET Q
q 0 0 0 rg BT 177.21 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 188.58 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 199.95 615.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 229.98 615.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 245.73 615.75 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.32 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 74.21 590.55 Td (October ) Tj ET Q
q 0 0 0 rg BT 110.18 590.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 125.46 590.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 151.23 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.21 590.55 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 199.85 590.55 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 236.41 590.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 257.81 590.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 313.60 590.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 353.65 590.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 376.21 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 387.11 590.55 Td ($505 ) Tj ET Q
q 0 0 0 rg BT 410.26 590.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 442.74 590.55 Td (accounted ) Tj ET Q
q 0 0 0 rg BT 487.45 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 501.85 590.55 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (16% ) Tj ET Q
q 0 0 0 rg BT 71.78 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 83.57 577.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 100.60 577.95 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 161.36 577.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 206.39 577.95 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 236.55 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 239.59 577.95 Td (Based ) Tj ET Q
q 0 0 0 rg BT 268.28 577.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 281.82 577.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 298.85 577.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 340.95 577.95 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 389.48 577.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 411.18 577.95 Td (flow ) Tj ET Q
q 0 0 0 rg BT 433.46 577.95 Td (analyses, ) Tj ET Q
q 0 0 0 rg BT 474.70 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.56 577.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 522.16 577.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 539.77 577.95 Td (value ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 91.18 565.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 103.72 565.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 141.33 565.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 166.69 565.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 179.81 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 187.10 565.35 Td (material ) Tj ET Q
q 0 0 0 rg BT 224.12 565.35 Td (amount. ) Tj ET Q
q 0 0 0 rg BT 260.86 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 263.49 565.35 Td (Despite ) Tj ET Q
q 0 0 0 rg BT 298.19 565.35 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 334.62 565.35 Td (recent ) Tj ET Q
q 0 0 0 rg BT 362.89 565.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 394.67 565.35 Td (activity) Tj ET Q
q 0 0 0 rg BT 425.48 565.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 430.73 565.35 Td (given ) Tj ET Q
q 0 0 0 rg BT 456.68 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.13 565.35 Td (level ) Tj ET Q
q 0 0 0 rg BT 495.16 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 506.53 565.35 Td (excess ) Tj ET Q
q 0 0 0 rg BT 536.56 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 547.93 565.35 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.34 552.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 95.10 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 110.03 552.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 140.69 552.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 177.77 552.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 202.61 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 212.88 552.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 228.98 552.75 Td (most ) Tj ET Q
q 0 0 0 rg BT 251.50 552.75 Td (recent ) Tj ET Q
q 0 0 0 rg BT 279.25 552.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 329.75 552.75 Td (testing, ) Tj ET Q
q 0 0 0 rg BT 362.48 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 377.41 552.75 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 411.00 552.75 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 447.51 552.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 468.86 552.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 524.60 552.75 Td (contracts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 72.54 540.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 91.49 540.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 107.53 540.15 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 142.81 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 153.60 540.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 176.05 540.15 Td (had ) Tj ET Q
q 0 0 0 rg BT 193.83 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 201.12 540.15 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 245.15 540.15 Td (event ) Tj ET Q
q 0 0 0 rg BT 270.51 540.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 281.89 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 293.26 540.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 323.29 540.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 339.04 540.15 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.68 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 76.93 514.95 Td (October ) Tj ET Q
q 0 0 0 rg BT 114.26 514.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 130.90 514.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 158.03 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.37 514.95 Td (combined ) Tj ET Q
q 0 0 0 rg BT 219.28 514.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 236.99 514.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 256.25 514.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 288.34 514.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 311.10 514.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 368.25 514.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 409.66 514.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 433.58 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 445.84 514.95 Td ($127 ) Tj ET Q
q 0 0 0 rg BT 470.35 514.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 504.19 514.95 Td (accounted ) Tj ET Q
q 0 0 0 rg BT 550.26 514.95 Td (for) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 111.91 502.35 Td (4% ) Tj ET Q
q 0 0 0 rg BT 127.66 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 138.17 502.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 153.93 502.35 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 213.41 502.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 257.16 502.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 283.42 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 300.34 502.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 309.11 502.35 Td (supported ) Tj ET Q
q 0 0 0 rg BT 352.28 502.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 364.54 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.13 502.35 Td (combined ) Tj ET Q
q 0 0 0 rg BT 422.29 502.35 Td (EnT) Tj ET Q
q 0 0 0 rg BT 440.00 502.35 Td (rust ) Tj ET Q
q 0 0 0 rg BT 457.51 502.35 Td (Global ) Tj ET Q
q 0 0 0 rg BT 487.85 502.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 508.85 502.35 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (business. ) Tj ET Q
q 0 0 0 rg BT 90.28 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 92.85 489.75 Td (Based ) Tj ET Q
q 0 0 0 rg BT 121.08 489.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 134.15 489.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 150.72 489.75 Td (projected ) Tj ET Q
q 0 0 0 rg BT 192.35 489.75 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 240.42 489.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 261.64 489.75 Td (flow ) Tj ET Q
q 0 0 0 rg BT 283.46 489.75 Td (analyses, ) Tj ET Q
q 0 0 0 rg BT 324.23 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 339.62 489.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 370.76 489.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 387.90 489.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 413.21 489.75 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 454.83 489.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 467.32 489.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 504.87 489.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 530.18 489.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 543.25 489.75 Td (10% ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.61 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 71.71 477.15 Td (October ) Tj ET Q
q 0 0 0 rg BT 107.89 477.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 123.37 477.15 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 149.35 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 151.71 477.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 168.66 477.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 185.01 477.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 235.78 477.15 Td (test, ) Tj ET Q
q 0 0 0 rg BT 255.34 477.15 Td (base ) Tj ET Q
q 0 0 0 rg BT 276.36 477.15 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 316.03 477.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 346.95 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 357.48 477.15 Td (EnT) Tj ET Q
q 0 0 0 rg BT 375.19 477.15 Td (rust ) Tj ET Q
q 0 0 0 rg BT 393.30 477.15 Td (Global ) Tj ET Q
q 0 0 0 rg BT 424.23 477.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 445.84 477.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 501.84 477.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 542.10 477.15 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (assumed ) Tj ET Q
q 0 0 0 rg BT 88.32 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 99.15 464.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 121.64 464.55 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 165.71 464.55 Td (annual ) Tj ET Q
q 0 0 0 rg BT 196.36 464.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 228.77 464.55 Td (rates ) Tj ET Q
q 0 0 0 rg BT 251.25 464.55 Td (averaging ) Tj ET Q
q 0 0 0 rg BT 295.31 464.55 Td (6%. ) Tj ET Q
q 0 0 0 rg BT 314.59 464.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 317.25 464.55 Td (Projected ) Tj ET Q
q 0 0 0 rg BT 359.57 464.55 Td (near) Tj ET Q
q 0 0 0 rg BT 377.43 464.55 Td (-year ) Tj ET Q
q 0 0 0 rg BT 401.65 464.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 422.97 464.55 Td (flows ) Tj ET Q
q 0 0 0 rg BT 448.97 464.55 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 487.76 464.55 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 514.93 464.55 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 554.34 464.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 73.77 451.95 Td (one ) Tj ET Q
q 0 0 0 rg BT 91.04 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.32 451.95 Td (two, ) Tj ET Q
q 0 0 0 rg BT 128.81 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 146.08 451.95 Td (trend ) Tj ET Q
q 0 0 0 rg BT 169.77 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 180.05 451.95 Td (modest ) Tj ET Q
q 0 0 0 rg BT 212.03 451.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 238.65 451.95 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 272.26 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 283.12 451.95 Td (2% ) Tj ET Q
q 0 0 0 rg BT 299.23 451.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 311.85 451.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 332.03 451.95 Td (five. ) Tj ET Q
q 0 0 0 rg BT 353.09 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 355.05 451.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 373.49 451.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 414.67 451.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 435.44 451.95 Td (flows ) Tj ET Q
q 0 0 0 rg BT 460.89 451.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 483.41 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 498.35 451.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 516.06 451.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 533.93 451.95 Td (Global ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 71.37 439.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 127.64 439.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 168.17 439.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 191.19 439.35 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 239.31 439.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 249.51 439.35 Td (15.5%. ) Tj ET Q
q 0 0 0 rg BT 281.88 439.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (Given ) Tj ET Q
q 0 0 0 rg BT 77.15 414.15 Td (recent ) Tj ET Q
q 0 0 0 rg BT 104.79 414.15 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 145.85 414.15 Td (markets ) Tj ET Q
q 0 0 0 rg BT 181.08 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 198.23 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.05 414.15 Td (relatively ) Tj ET Q
q 0 0 0 rg BT 254.69 414.15 Td (limited ) Tj ET Q
q 0 0 0 rg BT 286.43 414.15 Td (excess ) Tj ET Q
q 0 0 0 rg BT 315.83 414.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 332.39 414.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 357.12 414.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 367.86 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.60 414.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 394.58 414.15 Td (most ) Tj ET Q
q 0 0 0 rg BT 417.00 414.15 Td (recent ) Tj ET Q
q 0 0 0 rg BT 444.63 414.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 495.03 414.15 Td (test, ) Tj ET Q
q 0 0 0 rg BT 514.23 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.05 414.15 Td (EnT) Tj ET Q
q 0 0 0 rg BT 546.76 414.15 Td (rust ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (Global ) Tj ET Q
q 0 0 0 rg BT 80.92 401.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 103.01 401.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 159.50 401.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 200.25 401.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 223.50 401.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 242.68 401.55 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 278.17 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 289.18 401.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 311.85 401.55 Td (had ) Tj ET Q
q 0 0 0 rg BT 329.85 401.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 337.36 401.55 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 381.61 401.55 Td (event ) Tj ET Q
q 0 0 0 rg BT 407.19 401.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 418.78 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 430.37 401.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 460.62 401.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 476.59 401.55 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 503.06 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 505.70 401.55 Td (W) Tj ET Q
q 0 0 0 rg BT 514.77 401.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 522.27 401.55 Td (expanded ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 67.05 388.95 Td (most ) Tj ET Q
q 0 0 0 rg BT 91.02 388.95 Td (recent ) Tj ET Q
q 0 0 0 rg BT 120.21 388.95 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 157.59 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 169.89 388.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 188.61 388.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 212.57 388.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 224.29 388.95 Td (consider ) Tj ET Q
q 0 0 0 rg BT 263.41 388.95 Td (several ) Tj ET Q
q 0 0 0 rg BT 296.70 388.95 Td (dif) Tj ET Q
q 0 0 0 rg BT 308.17 388.95 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 336.20 388.95 Td (outcomes ) Tj ET Q
q 0 0 0 rg BT 380.00 388.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 394.05 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 402.26 388.95 Td (probability-weighted ) Tj ET Q
q 0 0 0 rg BT 493.87 388.95 Td (basis, ) Tj ET Q
q 0 0 0 rg BT 521.05 388.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 543.27 388.95 Td (each ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (scenario ) Tj ET Q
q 0 0 0 rg BT 87.04 376.35 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 129.83 376.35 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 165.62 376.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 201.42 376.35 Td (growth ) Tj ET Q
q 0 0 0 rg BT 233.72 376.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 256.11 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 273.83 376.35 Td (lower ) Tj ET Q
q 0 0 0 rg BT 300.30 376.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 342.52 376.35 Td (mar) Tj ET Q
q 0 0 0 rg BT 358.65 376.35 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 381.34 376.35 Td (particularly ) Tj ET Q
q 0 0 0 rg BT 432.30 376.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 443.03 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 458.42 376.35 Td (near ) Tj ET Q
q 0 0 0 rg BT 479.05 376.35 Td (term. ) Tj ET Q
q 0 0 0 rg BT 503.48 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 506.04 376.35 Td (Based ) Tj ET Q
q 0 0 0 rg BT 534.26 376.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 547.32 376.35 Td (this ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (probability-weighted ) Tj ET Q
q 0 0 0 rg BT 139.70 363.75 Td (analysis, ) Tj ET Q
q 0 0 0 rg BT 178.29 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.25 363.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 223.95 363.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 240.66 363.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 265.53 363.75 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 306.72 363.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 318.78 363.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 355.89 363.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 380.77 363.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 393.40 363.75 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 456.19 363.75 Td (1% ) Tj ET Q
q 0 0 0 rg BT 472.32 363.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 483.20 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.08 363.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 523.62 363.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.88 363.75 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 565.13 363.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 62.50 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 72.57 338.55 Td (October ) Tj ET Q
q 0 0 0 rg BT 107.72 338.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.17 338.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 147.13 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 161.28 338.55 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 190.61 338.55 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 249.08 338.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 269.65 338.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 324.63 338.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 363.85 338.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 385.59 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.67 338.55 Td ($55 ) Tj ET Q
q 0 0 0 rg BT 412.75 338.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 444.41 338.55 Td (accounted ) Tj ET Q
q 0 0 0 rg BT 488.30 338.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 501.87 338.55 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (2% ) Tj ET Q
q 0 0 0 rg BT 66.83 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 78.90 325.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 96.23 325.95 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 157.28 325.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 202.60 325.95 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 233.05 325.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 236.38 325.95 Td (Based ) Tj ET Q
q 0 0 0 rg BT 265.37 325.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 279.20 325.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 296.52 325.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 338.92 325.95 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 387.74 325.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 409.72 325.95 Td (flow ) Tj ET Q
q 0 0 0 rg BT 432.30 325.95 Td (analyses, ) Tj ET Q
q 0 0 0 rg BT 473.83 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.98 325.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 521.87 325.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 539.77 325.95 Td (value ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 91.12 313.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 103.61 313.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 141.17 313.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 166.47 313.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 179.54 313.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 186.77 313.35 Td (material ) Tj ET Q
q 0 0 0 rg BT 223.74 313.35 Td (amount. ) Tj ET Q
q 0 0 0 rg BT 260.43 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 263.00 313.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 280.16 313.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 296.73 313.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 347.70 313.35 Td (test, ) Tj ET Q
q 0 0 0 rg BT 367.48 313.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 388.71 313.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 414.61 313.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 437.59 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 452.99 313.35 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 483.56 313.35 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 543.27 313.35 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 106.56 300.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 147.87 300.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 171.69 300.75 Td (assumed ) Tj ET Q
q 0 0 0 rg BT 211.26 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 222.84 300.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 246.07 300.75 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 290.89 300.75 Td (annual ) Tj ET Q
q 0 0 0 rg BT 322.30 300.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 355.46 300.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 378.69 300.75 Td (averaging ) Tj ET Q
q 0 0 0 rg BT 423.50 300.75 Td (10%. ) Tj ET Q
q 0 0 0 rg BT 448.78 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 452.20 300.75 Td (Given ) Tj ET Q
q 0 0 0 rg BT 481.27 300.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 514.42 300.75 Td (experience, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 90.60 288.15 Td (near) Tj ET Q
q 0 0 0 rg BT 108.46 288.15 Td (-year ) Tj ET Q
q 0 0 0 rg BT 132.06 288.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 152.75 288.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 178.12 288.15 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 206.97 288.15 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 241.79 288.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 268.33 288.15 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 301.86 288.15 Td (throughout ) Tj ET Q
q 0 0 0 rg BT 349.98 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.85 288.15 Td (projection ) Tj ET Q
q 0 0 0 rg BT 409.45 288.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 438.31 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 455.51 288.15 Td (modest ) Tj ET Q
q 0 0 0 rg BT 487.88 288.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 542.97 288.15 Td (fees. ) Tj ET Q
q 0 0 0 rg BT 565.12 288.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.02 275.55 Td (projected ) Tj ET Q
q 0 0 0 rg BT 111.28 275.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 133.14 275.55 Td (flows ) Tj ET Q
q 0 0 0 rg BT 159.67 275.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 183.28 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.30 275.55 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 230.51 275.55 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 290.84 275.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 313.28 275.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 370.13 275.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 411.23 275.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 434.82 275.55 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 483.51 275.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 494.29 275.55 Td (15.0%. ) Tj ET Q
q 0 0 0 rg BT 527.23 275.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 530.43 275.55 Td (Despite ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 85.85 262.95 Td (recent ) Tj ET Q
q 0 0 0 rg BT 114.04 262.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 145.73 262.95 Td (activity) Tj ET Q
q 0 0 0 rg BT 176.54 262.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 181.71 262.95 Td (given ) Tj ET Q
q 0 0 0 rg BT 207.58 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 222.95 262.95 Td (level ) Tj ET Q
q 0 0 0 rg BT 245.89 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.18 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.55 262.95 Td (excess ) Tj ET Q
q 0 0 0 rg BT 302.49 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 313.78 262.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 330.89 262.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 356.17 262.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 377.37 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 392.74 262.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 423.84 262.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 461.37 262.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 486.64 262.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 497.35 262.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 513.89 262.95 Td (most ) Tj ET Q
q 0 0 0 rg BT 536.85 262.95 Td (recent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 101.23 250.35 Td (testing, ) Tj ET Q
q 0 0 0 rg BT 135.18 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 151.33 250.35 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 182.66 250.35 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 243.12 250.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 265.69 250.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 322.66 250.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 363.89 250.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 387.62 250.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 407.28 250.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 424.02 250.35 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 459.99 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 471.49 250.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 494.63 250.35 Td (had ) Tj ET Q
q 0 0 0 rg BT 513.12 250.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 521.10 250.35 Td (triggering ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (event ) Tj ET Q
q 0 0 0 rg BT 74.86 237.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 86.24 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 97.61 237.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 127.64 237.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 143.39 237.75 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (Future ) Tj ET Q
q 0 0 0 rg BT 79.73 212.55 Td (decreases ) Tj ET Q
q 0 0 0 rg BT 122.77 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 133.75 212.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 150.56 212.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 172.03 212.55 Td (flow ) Tj ET Q
q 0 0 0 rg BT 194.10 212.55 Td (projections ) Tj ET Q
q 0 0 0 rg BT 243.57 212.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 255.13 212.55 Td (increases ) Tj ET Q
q 0 0 0 rg BT 296.42 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 307.41 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 323.05 212.55 Td (discount ) Tj ET Q
q 0 0 0 rg BT 361.45 212.55 Td (rate, ) Tj ET Q
q 0 0 0 rg BT 382.62 212.55 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 422.18 212.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 445.41 212.55 Td (actual ) Tj ET Q
q 0 0 0 rg BT 473.29 212.55 Td (results, ) Tj ET Q
q 0 0 0 rg BT 506.14 212.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 517.71 212.55 Td (changes ) Tj ET Q
q 0 0 0 rg BT 554.34 212.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 103.97 199.95 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 143.27 199.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 166.23 199.95 Td (flow ) Tj ET Q
q 0 0 0 rg BT 188.03 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 205.18 199.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 232.23 199.95 Td (levels, ) Tj ET Q
q 0 0 0 rg BT 261.90 199.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 310.53 199.95 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 368.75 199.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 400.46 199.95 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 449.38 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 460.68 199.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 484.81 199.95 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 518.55 199.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 539.18 199.95 Td (result ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.88 187.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 110.50 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 121.46 187.35 Td (this ) Tj ET Q
q 0 0 0 rg BT 138.84 187.35 Td (asset. ) Tj ET Q
q 0 0 0 rg BT 164.09 187.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 166.14 187.35 Td (There ) Tj ET Q
q 0 0 0 rg BT 192.84 187.35 Td (can ) Tj ET Q
q 0 0 0 rg BT 209.62 187.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 221.74 187.35 Td (no ) Tj ET Q
q 0 0 0 rg BT 234.46 187.35 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 277.48 187.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 295.44 187.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 318.06 187.35 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 346.23 187.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 377.60 187.35 Td (uncertainty) Tj ET Q
q 0 0 0 rg BT 424.15 187.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 428.98 187.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 439.94 187.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 463.73 187.35 Td (factors ) Tj ET Q
q 0 0 0 rg BT 494.51 187.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 513.06 187.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 528.69 187.35 Td (produce ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 62.04 174.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 113.07 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 123.86 174.75 Td (this ) Tj ET Q
q 0 0 0 rg BT 141.65 174.75 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 167.32 174.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 195.60 174.75 Td (could ) Tj ET Q
q 0 0 0 rg BT 221.56 174.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 234.09 174.75 Td (significant.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.13 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 73.83 149.55 Td (October ) Tj ET Q
q 0 0 0 rg BT 109.60 149.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 124.68 149.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 150.26 149.55 Td (trade ) Tj ET Q
q 0 0 0 rg BT 173.21 149.55 Td (names ) Tj ET Q
q 0 0 0 rg BT 201.99 149.55 Td (accounted ) Tj ET Q
q 0 0 0 rg BT 246.50 149.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 260.70 149.55 Td (1% ) Tj ET Q
q 0 0 0 rg BT 276.66 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 287.36 149.55 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 347.04 149.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 390.99 149.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 417.44 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 434.56 149.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 449.33 149.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 490.36 149.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 520.88 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 531.01 149.55 Td (Clarion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 87.53 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 106.32 136.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 124.02 136.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 143.40 136.95 Td (Global, ) Tj ET Q
q 0 0 0 rg BT 178.23 136.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 207.51 136.95 Td (had ) Tj ET Q
q 0 0 0 rg BT 226.29 136.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 264.90 136.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 295.35 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 307.72 136.95 Td ($23 ) Tj ET Q
q 0 0 0 rg BT 327.09 136.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 361.05 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 379.84 136.95 Td ($10 ) Tj ET Q
q 0 0 0 rg BT 399.21 136.95 Td (million, ) Tj ET Q
q 0 0 0 rg BT 435.80 136.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 485.84 136.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 492.09 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 495.45 136.95 Td (W) Tj ET Q
q 0 0 0 rg BT 504.52 136.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 512.81 136.95 Td (tested ) Tj ET Q
q 0 0 0 rg BT 540.92 136.95 Td (these ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 94.40 124.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 121.80 124.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 147.46 124.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 155.02 124.35 Td (relief ) Tj ET Q
q 0 0 0 rg BT 180.07 124.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 203.39 124.35 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 236.04 124.35 Td (approach ) Tj ET Q
q 0 0 0 rg BT 277.42 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 295.48 124.35 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 343.88 124.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 365.44 124.35 Td (flow ) Tj ET Q
q 0 0 0 rg BT 387.59 124.35 Td (methods ) Tj ET Q
q 0 0 0 rg BT 426.08 124.35 Td (similar ) Tj ET Q
q 0 0 0 rg BT 458.15 124.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 469.22 124.35 Td (those ) Tj ET Q
q 0 0 0 rg BT 494.29 124.35 Td (described ) Tj ET Q
q 0 0 0 rg BT 537.43 124.35 Td (above ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.04 111.75 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 124.06 111.75 Td (contracts. ) Tj ET Q
q 0 0 0 rg BT 166.89 111.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 168.68 111.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 182.64 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 193.69 111.75 Td (October ) Tj ET Q
q 0 0 0 rg BT 229.80 111.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 245.22 111.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 271.14 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.27 111.75 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 325.31 111.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 342.18 111.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 367.22 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.26 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 393.38 111.75 Td (EnT) Tj ET Q
q 0 0 0 rg BT 411.09 111.75 Td (rust ) Tj ET Q
q 0 0 0 rg BT 429.14 111.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 460.02 111.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 483.30 111.75 Td (name ) Tj ET Q
q 0 0 0 rg BT 508.33 111.75 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 549.68 111.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 86.81 99.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 111.87 99.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 124.70 99.15 Td (6% ) Tj ET Q
q 0 0 0 rg BT 141.02 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 158.51 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 173.66 99.15 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 212.74 99.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 229.63 99.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 258.78 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.86 99.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 286.18 99.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 310.08 99.15 Td (trade ) Tj ET Q
q 0 0 0 rg BT 333.39 99.15 Td (name ) Tj ET Q
q 0 0 0 rg BT 358.46 99.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 385.28 99.15 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 440.10 99.15 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 481.48 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.63 99.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 527.52 99.15 Td (carrying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (amounts. ) Tj ET Q
q 0 0 0 rg BT 90.33 86.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (Given ) Tj ET Q
q 0 0 0 rg BT 77.15 61.35 Td (recent ) Tj ET Q
q 0 0 0 rg BT 104.79 61.35 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 145.85 61.35 Td (markets ) Tj ET Q
q 0 0 0 rg BT 181.08 61.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 198.23 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.05 61.35 Td (relatively ) Tj ET Q
q 0 0 0 rg BT 254.69 61.35 Td (limited ) Tj ET Q
q 0 0 0 rg BT 286.43 61.35 Td (excess ) Tj ET Q
q 0 0 0 rg BT 315.83 61.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 332.39 61.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 357.12 61.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 367.86 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.60 61.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 394.58 61.35 Td (most ) Tj ET Q
q 0 0 0 rg BT 417.00 61.35 Td (recent ) Tj ET Q
q 0 0 0 rg BT 444.63 61.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 495.03 61.35 Td (test, ) Tj ET Q
q 0 0 0 rg BT 514.23 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.05 61.35 Td (EnT) Tj ET Q
q 0 0 0 rg BT 546.76 61.35 Td (rust ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 80.93 48.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 104.77 48.75 Td (name ) Tj ET Q
q 0 0 0 rg BT 130.35 48.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 153.62 48.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 172.80 48.75 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 208.30 48.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 219.32 48.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 241.99 48.75 Td (had ) Tj ET Q
q 0 0 0 rg BT 260.00 48.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 267.51 48.75 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 311.77 48.75 Td (event ) Tj ET Q
q 0 0 0 rg BT 337.36 48.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 355.37 48.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 374.55 48.75 Td (tested ) Tj ET Q
q 0 0 0 rg BT 401.89 48.75 Td (using ) Tj ET Q
q 0 0 0 rg BT 427.50 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.17 48.75 Td (relief ) Tj ET Q
q 0 0 0 rg BT 468.17 48.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 491.44 48.75 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 524.03 48.75 Td (approach ) Tj ET Q
endstream
endobj
163 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 164 0 R>>
endobj
164 0 obj
<</Length 40966>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (79) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.94 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 72.39 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 102.49 741.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 118.31 741.75 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 144.63 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 147.13 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 166.16 741.75 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 205.60 741.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 222.87 741.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 248.30 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 259.75 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.27 741.75 Td (EnT) Tj ET Q
q 0 0 0 rg BT 292.98 741.75 Td (rust ) Tj ET Q
q 0 0 0 rg BT 311.43 741.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 342.70 741.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 366.38 741.75 Td (name ) Tj ET Q
q 0 0 0 rg BT 391.82 741.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 414.93 741.75 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 456.68 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.20 741.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 509.88 741.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 535.32 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 546.76 741.75 Td ($10 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 82.46 729.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 95.59 729.15 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 158.86 729.15 Td (3%.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (Goodwill) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Goodwill ) Tj ET Q
q 0 0 0 rg BT 91.28 691.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 100.39 691.35 Td (evaluated ) Tj ET Q
q 0 0 0 rg BT 142.73 691.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 152.41 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 167.35 691.35 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 207.95 691.35 Td (unit ) Tj ET Q
q 0 0 0 rg BT 226.39 691.35 Td (level ) Tj ET Q
q 0 0 0 rg BT 248.90 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 266.17 691.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 275.28 691.35 Td (considered ) Tj ET Q
q 0 0 0 rg BT 322.88 691.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 337.23 691.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 387.74 691.35 Td (when ) Tj ET Q
q 0 0 0 rg BT 412.59 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 427.53 691.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 464.62 691.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 498.22 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 509.08 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 524.02 691.35 Td (reporting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 68.66 678.75 Td (exceeds ) Tj ET Q
q 0 0 0 rg BT 104.72 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.38 678.75 Td (implied ) Tj ET Q
q 0 0 0 rg BT 155.29 678.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 172.69 678.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 198.25 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.83 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 225.49 678.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 266.80 678.75 Td (unit. ) Tj ET Q
q 0 0 0 rg BT 288.59 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 291.42 678.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 303.00 678.75 Td (estimating ) Tj ET Q
q 0 0 0 rg BT 349.57 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.23 678.75 Td (implied ) Tj ET Q
q 0 0 0 rg BT 400.14 678.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 417.54 678.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 443.10 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 454.68 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.33 678.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 511.65 678.75 Td (unit, ) Tj ET Q
q 0 0 0 rg BT 533.44 678.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 548.51 678.75 Td (use ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 91.34 666.15 Td (techniques ) Tj ET Q
q 0 0 0 rg BT 139.01 666.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 165.68 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 178.94 666.15 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 227.20 666.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 269.03 666.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 290.45 666.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 316.55 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 334.47 666.15 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 372.39 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 375.15 666.15 Td (multiples, ) Tj ET Q
q 0 0 0 rg BT 419.63 666.15 Td (similar ) Tj ET Q
q 0 0 0 rg BT 451.56 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 462.49 666.15 Td (techniques ) Tj ET Q
q 0 0 0 rg BT 510.16 666.15 Td (employed ) Tj ET Q
q 0 0 0 rg BT 554.33 666.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (analyzing ) Tj ET Q
q 0 0 0 rg BT 93.57 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 109.65 653.55 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 150.21 653.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 174.45 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 186.44 653.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 199.61 653.55 Td (acquisition. ) Tj ET Q
q 0 0 0 rg BT 251.56 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 254.57 653.55 Td (W) Tj ET Q
q 0 0 0 rg BT 263.64 653.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 271.56 653.55 Td (continue ) Tj ET Q
q 0 0 0 rg BT 310.96 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 322.38 653.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 335.54 653.55 Td (managed ) Tj ET Q
q 0 0 0 rg BT 376.69 653.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 388.69 653.55 Td (one ) Tj ET Q
q 0 0 0 rg BT 407.10 653.55 Td (Global ) Tj ET Q
q 0 0 0 rg BT 438.21 653.55 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 464.80 653.55 Td (Management ) Tj ET Q
q 0 0 0 rg BT 522.86 653.55 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (segment. ) Tj ET Q
q 0 0 0 rg BT 89.15 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 91.18 640.95 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 125.87 640.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 181.54 640.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 222.06 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 232.84 640.95 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 267.53 640.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 306.29 640.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 357.90 640.95 Td (regularly ) Tj ET Q
q 0 0 0 rg BT 397.83 640.95 Td (received ) Tj ET Q
q 0 0 0 rg BT 435.42 640.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 447.95 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 462.81 640.95 Td (chief ) Tj ET Q
q 0 0 0 rg BT 485.83 640.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 527.52 640.95 Td (decision ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (maker) Tj ET Q
q 0 0 0 rg BT 75.31 628.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 80.64 628.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 97.35 628.35 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 123.38 628.35 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 168.06 628.35 Td (Of) Tj ET Q
q 0 0 0 rg BT 178.95 628.35 Td (ficer) Tj ET Q
q 0 0 0 rg BT 197.77 628.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 203.10 628.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 212.80 628.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 223.09 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 238.62 628.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 294.39 628.35 Td (Global ) Tj ET Q
q 0 0 0 rg BT 325.08 628.35 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 351.12 628.35 Td (Management ) Tj ET Q
q 0 0 0 rg BT 408.64 628.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 446.93 628.35 Td (level. ) Tj ET Q
q 0 0 0 rg BT 472.67 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 474.77 628.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 489.15 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 496.51 628.35 Td (result, ) Tj ET Q
q 0 0 0 rg BT 525.17 628.35 Td (goodwill ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 59.22 615.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 98.67 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 116.55 615.75 Td (evaluated ) Tj ET Q
q 0 0 0 rg BT 159.49 615.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 169.79 615.75 Td (one ) Tj ET Q
q 0 0 0 rg BT 187.67 615.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 218.37 615.75 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 244.42 615.75 Td (Management ) Tj ET Q
q 0 0 0 rg BT 301.95 615.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 343.16 615.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 362.21 615.75 Td (level. ) Tj ET Q
q 0 0 0 rg BT 387.96 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 390.68 615.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 409.73 615.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 440.43 615.75 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 466.48 615.75 Td (Management ) Tj ET Q
q 0 0 0 rg BT 524.01 615.75 Td (reporting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (unit ) Tj ET Q
q 0 0 0 rg BT 67.60 603.15 Td (consists ) Tj ET Q
q 0 0 0 rg BT 102.63 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 113.14 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 127.73 603.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 169.16 603.15 Td (businesses ) Tj ET Q
q 0 0 0 rg BT 215.26 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.77 603.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 241.54 603.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 263.71 603.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 319.13 603.15 Td (af) Tj ET Q
q 0 0 0 rg BT 327.10 603.15 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 357.44 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 374.37 603.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 390.13 603.15 Td (centralized ) Tj ET Q
q 0 0 0 rg BT 437.95 603.15 Td (global ) Tj ET Q
q 0 0 0 rg BT 465.96 603.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 516.15 603.15 Td (operations. ) Tj ET Q
q 0 0 0 rg BT 565.14 603.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.65 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 77.05 590.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 127.87 590.55 Td (testing ) Tj ET Q
q 0 0 0 rg BT 158.27 590.55 Td (process, ) Tj ET Q
q 0 0 0 rg BT 194.79 590.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 207.69 590.55 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 263.17 590.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 290.07 590.55 Td (\(except ) Tj ET Q
q 0 0 0 rg BT 323.38 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 338.02 590.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 368.99 590.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 384.23 590.55 Td (benefits\) ) Tj ET Q
q 0 0 0 rg BT 423.37 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 440.94 590.55 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 482.42 590.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 497.65 590.55 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 537.95 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 548.52 590.55 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (single ) Tj ET Q
q 0 0 0 rg BT 77.11 577.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 107.66 577.95 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 133.53 577.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 190.87 577.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 231.89 577.95 Td (unit. ) Tj ET Q
q 0 0 0 rg BT 253.38 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 255.91 577.95 Td (Similarly) Tj ET Q
q 0 0 0 rg BT 294.31 577.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 299.47 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 314.83 577.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 356.42 577.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 398.60 577.95 Td (results ) Tj ET Q
q 0 0 0 rg BT 428.55 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.83 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 455.19 577.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 496.20 577.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 515.07 577.95 Td (include ) Tj ET Q
q 0 0 0 rg BT 548.51 577.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (holding ) Tj ET Q
q 0 0 0 rg BT 83.49 565.35 Td (company ) Tj ET Q
q 0 0 0 rg BT 123.88 565.35 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 165.43 565.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 188.34 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 205.40 565.35 Td (overhead, ) Tj ET Q
q 0 0 0 rg BT 248.41 565.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 289.98 565.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 322.79 565.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 358.51 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 375.58 565.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 398.48 565.35 Td (associated ) Tj ET Q
q 0 0 0 rg BT 443.54 565.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 464.11 565.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 506.24 565.35 Td (management, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (finance, ) Tj ET Q
q 0 0 0 rg BT 85.65 552.75 Td (human ) Tj ET Q
q 0 0 0 rg BT 116.85 552.75 Td (resources, ) Tj ET Q
q 0 0 0 rg BT 161.75 552.75 Td (legal ) Tj ET Q
q 0 0 0 rg BT 184.78 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 202.56 552.75 Td (compliance, ) Tj ET Q
q 0 0 0 rg BT 256.21 552.75 Td (internal ) Tj ET Q
q 0 0 0 rg BT 290.90 552.75 Td (audit ) Tj ET Q
q 0 0 0 rg BT 314.52 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.31 552.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 356.51 552.75 Td (central ) Tj ET Q
q 0 0 0 rg BT 387.70 552.75 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 429.97 552.75 Td (functions.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (Goodwill ) Tj ET Q
q 0 0 0 rg BT 91.13 527.55 Td (principally ) Tj ET Q
q 0 0 0 rg BT 138.58 527.55 Td (originated ) Tj ET Q
q 0 0 0 rg BT 183.11 527.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 205.49 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.28 527.55 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 272.40 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 283.11 527.55 Td (CAM, ) Tj ET Q
q 0 0 0 rg BT 311.62 527.55 Td (Permal, ) Tj ET Q
q 0 0 0 rg BT 345.95 527.55 Td (Royce, ) Tj ET Q
q 0 0 0 rg BT 377.37 527.55 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 407.91 527.55 Td (Currie, ) Tj ET Q
q 0 0 0 rg BT 439.32 527.55 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 469.28 527.55 Td (Infrastructure, ) Tj ET Q
q 0 0 0 rg BT 531.01 527.55 Td (Clarion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (Partners, ) Tj ET Q
q 0 0 0 rg BT 89.12 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 106.86 514.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 124.57 514.95 Td (rust. ) Tj ET Q
q 0 0 0 rg BT 145.53 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 147.93 514.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 166.84 514.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 192.16 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 203.49 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 218.90 514.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 259.97 514.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 278.89 514.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 288.48 514.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 314.97 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 325.72 514.95 Td (part, ) Tj ET Q
q 0 0 0 rg BT 347.26 514.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 360.34 514.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 401.99 514.95 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 457.64 514.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 473.06 514.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 494.30 514.95 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 522.84 514.95 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 62.56 502.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 83.79 502.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 109.69 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 121.01 502.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 148.08 502.35 Td (managed ) Tj ET Q
q 0 0 0 rg BT 188.54 502.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 199.28 502.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 215.85 502.35 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 247.58 502.35 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 276.10 502.35 Td (closed-end ) Tj ET Q
q 0 0 0 rg BT 324.16 502.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 350.06 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 367.79 502.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 391.93 502.35 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 441.15 502.35 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 469.67 502.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 480.41 502.35 Td (addition ) Tj ET Q
q 0 0 0 rg BT 517.39 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 528.13 502.35 Td (separate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 84.77 489.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 111.90 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 123.27 489.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 139.89 489.75 Td (managers.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (Significant ) Tj ET Q
q 0 0 0 rg BT 97.70 464.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 151.75 464.55 Td (used ) Tj ET Q
q 0 0 0 rg BT 173.12 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 183.41 464.55 Td (assessing ) Tj ET Q
q 0 0 0 rg BT 224.62 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 239.58 464.55 Td (implied ) Tj ET Q
q 0 0 0 rg BT 273.78 464.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 290.48 464.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 315.34 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 326.21 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.17 464.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 381.78 464.55 Td (unit ) Tj ET Q
q 0 0 0 rg BT 400.24 464.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 426.27 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.23 464.55 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 488.84 464.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 509.63 464.55 Td (flow ) Tj ET Q
q 0 0 0 rg BT 531.00 464.55 Td (method ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 65.07 451.95 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 109.82 451.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 131.23 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.81 451.95 Td (methodology ) Tj ET Q
q 0 0 0 rg BT 204.98 451.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 247.97 451.95 Td (above ) Tj ET Q
q 0 0 0 rg BT 275.80 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 290.79 451.95 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 351.27 451.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 396.01 451.95 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 425.88 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 428.03 451.95 Td (Also, ) Tj ET Q
q 0 0 0 rg BT 453.24 451.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 463.57 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 479.15 451.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 520.38 451.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 539.47 451.95 Td (level, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 77.20 439.35 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 119.46 439.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 143.09 439.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 158.53 439.35 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 201.40 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 219.18 439.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 274.88 439.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 296.17 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 311.62 439.35 Td (projected ) Tj ET Q
q 0 0 0 rg BT 353.31 439.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 395.59 439.35 Td (results ) Tj ET Q
q 0 0 0 rg BT 425.63 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 437.00 439.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 450.12 439.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 466.74 439.35 Td (af) Tj ET Q
q 0 0 0 rg BT 474.71 439.35 Td (filiates.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (Actual ) Tj ET Q
q 0 0 0 rg BT 80.84 414.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 102.84 414.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 129.52 414.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 141.03 414.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 159.54 414.15 Td (one ) Tj ET Q
q 0 0 0 rg BT 178.05 414.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 208.22 414.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 229.65 414.15 Td (vary ) Tj ET Q
q 0 0 0 rg BT 251.65 414.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 275.41 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 291.58 414.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 333.99 414.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 356.00 414.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 382.68 414.15 Td (without ) Tj ET Q
q 0 0 0 rg BT 418.11 414.15 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 458.20 414.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 469.72 414.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 482.97 414.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 534.72 414.15 Td (char) Tj ET Q
q 0 0 0 rg BT 552.60 414.15 Td (ge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (because ) Tj ET Q
q 0 0 0 rg BT 85.31 401.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 92.55 401.55 Td (variance ) Tj ET Q
q 0 0 0 rg BT 130.69 401.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 141.44 401.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 159.19 401.55 Td (one ) Tj ET Q
q 0 0 0 rg BT 176.93 401.55 Td (period ) Tj ET Q
q 0 0 0 rg BT 206.34 401.55 Td (must ) Tj ET Q
q 0 0 0 rg BT 229.34 401.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 241.83 401.55 Td (considered ) Tj ET Q
q 0 0 0 rg BT 289.90 401.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 300.65 401.55 Td (conjunction ) Tj ET Q
q 0 0 0 rg BT 352.81 401.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 374.06 401.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 398.21 401.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 452.72 401.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 471.05 401.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 502.20 401.55 Td (projected ) Tj ET Q
q 0 0 0 rg BT 543.85 401.55 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (flows.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (Discount ) Tj ET Q
q 0 0 0 rg BT 90.96 363.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 114.32 363.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 130.69 363.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 158.14 363.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 172.18 363.75 Td (appropriately ) Tj ET Q
q 0 0 0 rg BT 231.70 363.75 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 273.74 363.75 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 317.52 363.75 Td (costs ) Tj ET Q
q 0 0 0 rg BT 342.06 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.35 363.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 375.98 363.75 Td (using ) Tj ET Q
q 0 0 0 rg BT 402.27 363.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 410.48 363.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 443.18 363.75 Td (participant ) Tj ET Q
q 0 0 0 rg BT 491.62 363.75 Td (perspective, ) Tj ET Q
q 0 0 0 rg BT 545.60 363.75 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 94.12 351.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 115.41 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 130.87 351.15 Td (methodology ) Tj ET Q
q 0 0 0 rg BT 188.91 351.15 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 231.78 351.15 Td (above ) Tj ET Q
q 0 0 0 rg BT 259.48 351.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 274.34 351.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 334.69 351.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 379.31 351.15 Td (assets.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 325.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.65 325.95 Td (also ) Tj ET Q
q 0 0 0 rg BT 84.98 325.95 Td (perform ) Tj ET Q
q 0 0 0 rg BT 121.22 325.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 128.30 325.95 Td (market-based ) Tj ET Q
q 0 0 0 rg BT 187.27 325.95 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 228.77 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.93 325.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 256.35 325.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 297.25 325.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 316.01 325.95 Td (value, ) Tj ET Q
q 0 0 0 rg BT 343.79 325.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 371.87 325.95 Td (applies ) Tj ET Q
q 0 0 0 rg BT 404.03 325.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 416.36 325.95 Td (average ) Tj ET Q
q 0 0 0 rg BT 451.42 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 462.58 325.95 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 500.50 325.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 502.91 325.95 Td (multiples ) Tj ET Q
q 0 0 0 rg BT 544.42 325.95 Td (paid ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.02 313.35 Td (change ) Tj ET Q
q 0 0 0 rg BT 94.10 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.19 313.35 Td (control ) Tj ET Q
q 0 0 0 rg BT 139.28 313.35 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 192.79 313.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 208.38 313.35 Td (peer ) Tj ET Q
q 0 0 0 rg BT 229.80 313.35 Td (companies ) Tj ET Q
q 0 0 0 rg BT 278.05 313.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 289.57 313.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 306.91 313.35 Td (EBITDA. ) Tj ET Q
q 0 0 0 rg BT 351.38 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 354.49 313.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 374.16 313.35 Td (results ) Tj ET Q
q 0 0 0 rg BT 404.93 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 417.02 313.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 434.37 313.35 Td (two ) Tj ET Q
q 0 0 0 rg BT 453.47 313.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 495.89 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 507.99 313.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 534.07 313.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.67 313.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 90.80 300.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 109.95 300.75 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 129.09 300.75 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 177.40 300.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 198.87 300.75 Td (flow ) Tj ET Q
q 0 0 0 rg BT 220.94 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 238.91 300.75 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 276.83 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 279.64 300.75 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 317.45 300.75 Td (analyses\) ) Tj ET Q
q 0 0 0 rg BT 359.34 300.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 374.97 300.75 Td (compared ) Tj ET Q
q 0 0 0 rg BT 419.18 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 437.16 300.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 484.30 300.75 Td (dif) Tj ET Q
q 0 0 0 rg BT 495.77 300.75 Td (ferences, ) Tj ET Q
q 0 0 0 rg BT 536.18 300.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 545.41 300.75 Td (any) Tj ET Q
q 0 0 0 rg BT 559.89 300.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.87 288.15 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 103.01 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 113.73 288.15 Td (determine ) Tj ET Q
q 0 0 0 rg BT 158.27 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 173.65 288.15 Td (reasonableness ) Tj ET Q
q 0 0 0 rg BT 239.18 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 250.48 288.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 272.27 288.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 297.57 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 315.28 288.15 Td (whether ) Tj ET Q
q 0 0 0 rg BT 351.66 288.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 369.37 288.15 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 418.01 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 428.73 288.15 Td (either ) Tj ET Q
q 0 0 0 rg BT 455.19 288.15 Td (result ) Tj ET Q
q 0 0 0 rg BT 481.07 288.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 490.63 288.15 Td (warranted. ) Tj ET Q
q 0 0 0 rg BT 537.79 288.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 540.34 288.15 Td (Once ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.05 275.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 94.59 275.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 110.13 275.55 Td (accepted, ) Tj ET Q
q 0 0 0 rg BT 152.19 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 167.74 275.55 Td (appropriately ) Tj ET Q
q 0 0 0 rg BT 226.44 275.55 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 267.64 275.55 Td (average ) Tj ET Q
q 0 0 0 rg BT 303.00 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.47 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.01 275.55 Td (two ) Tj ET Q
q 0 0 0 rg BT 348.48 275.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 389.69 275.55 Td (unit ) Tj ET Q
q 0 0 0 rg BT 408.74 275.55 Td (valuations ) Tj ET Q
q 0 0 0 rg BT 454.62 275.55 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 473.67 275.55 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 521.88 275.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 543.25 275.55 Td (flow ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.24 262.95 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 105.16 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 107.74 262.95 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 145.32 262.95 Td (analyses\) ) Tj ET Q
q 0 0 0 rg BT 186.97 262.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 196.55 262.95 Td (used ) Tj ET Q
q 0 0 0 rg BT 218.38 262.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 229.71 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 245.12 262.95 Td (implied ) Tj ET Q
q 0 0 0 rg BT 279.78 262.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 296.94 262.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 322.26 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 333.58 262.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 350.16 262.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 380.75 262.95 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 406.67 262.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 464.06 262.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 505.13 262.95 Td (unit, ) Tj ET Q
q 0 0 0 rg BT 526.68 262.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 554.92 262.95 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (October ) Tj ET Q
q 0 0 0 rg BT 86.76 250.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 103.33 250.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 130.40 250.35 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 172.90 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.17 250.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 227.59 250.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 253.78 250.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 267.72 250.35 Td (22%. ) Tj ET Q
q 0 0 0 rg BT 293.04 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 296.48 250.35 Td (Considering ) Tj ET Q
q 0 0 0 rg BT 351.26 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 367.53 250.35 Td (relative ) Tj ET Q
q 0 0 0 rg BT 402.45 250.35 Td (merits ) Tj ET Q
q 0 0 0 rg BT 432.14 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 444.33 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 460.61 250.35 Td (details ) Tj ET Q
q 0 0 0 rg BT 491.46 250.35 Td (involved ) Tj ET Q
q 0 0 0 rg BT 531.65 250.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 543.26 250.35 Td (each ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 91.37 237.75 Td (process, ) Tj ET Q
q 0 0 0 rg BT 128.27 237.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 143.31 237.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 165.35 237.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 178.05 237.75 Td (equal ) Tj ET Q
q 0 0 0 rg BT 203.58 237.75 Td (weighting ) Tj ET Q
q 0 0 0 rg BT 248.37 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 259.90 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.52 237.75 Td (two ) Tj ET Q
q 0 0 0 rg BT 294.07 237.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 323.68 237.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 338.72 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.34 237.75 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 378.13 237.75 Td (testing. ) Tj ET Q
q 0 0 0 rg BT 411.34 237.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 430.46 237.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 477.58 237.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 532.29 237.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 554.33 237.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.11 225.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 86.56 225.15 Td (flow ) Tj ET Q
q 0 0 0 rg BT 108.59 225.15 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 145.21 225.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 184.15 225.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 226.00 225.15 Td (average ) Tj ET Q
q 0 0 0 rg BT 261.43 225.15 Td (annual ) Tj ET Q
q 0 0 0 rg BT 292.20 225.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 313.65 225.15 Td (flow ) Tj ET Q
q 0 0 0 rg BT 335.68 225.15 Td (growth ) Tj ET Q
q 0 0 0 rg BT 368.21 225.15 Td (rates ) Tj ET Q
q 0 0 0 rg BT 390.82 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.36 225.15 Td (7% ) Tj ET Q
q 0 0 0 rg BT 419.14 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 437.09 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 452.70 225.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 494.55 225.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 516.00 225.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 542.12 225.15 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 97.93 212.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 108.44 212.55 Td (16.0%. ) Tj ET Q
q 0 0 0 rg BT 141.13 212.55 Td (Changes ) Tj ET Q
q 0 0 0 rg BT 180.22 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 191.33 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 207.09 212.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 261.95 212.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 310.38 212.55 Td (projected ) Tj ET Q
q 0 0 0 rg BT 352.38 212.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 373.98 212.55 Td (flows ) Tj ET Q
q 0 0 0 rg BT 400.25 212.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 423.59 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 439.36 212.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 480.78 212.55 Td (unit ) Tj ET Q
q 0 0 0 rg BT 500.05 212.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 511.74 212.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 524.59 212.55 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 562.51 212.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (multiple, ) Tj ET Q
q 0 0 0 rg BT 89.89 199.95 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 129.41 199.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 152.59 199.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 184.51 199.95 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 233.65 199.95 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 269.04 199.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 296.31 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 307.82 199.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 332.17 199.95 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 366.13 199.95 Td (could ) Tj ET Q
q 0 0 0 rg BT 392.22 199.95 Td (result ) Tj ET Q
q 0 0 0 rg BT 418.32 199.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 429.26 199.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 441.94 199.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 493.11 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 504.63 199.95 Td (goodwill, ) Tj ET Q
q 0 0 0 rg BT 547.35 199.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 71.37 187.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 83.91 187.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 134.94 187.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 160.89 187.35 Td (potentially ) Tj ET Q
q 0 0 0 rg BT 208.42 187.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 230.87 187.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 238.16 187.35 Td (material ) Tj ET Q
q 0 0 0 rg BT 275.18 187.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 306.38 187.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 319.50 187.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 336.13 187.35 Td (results ) Tj ET Q
q 0 0 0 rg BT 366.17 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.54 187.35 Td (operations ) Tj ET Q
q 0 0 0 rg BT 423.90 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 441.69 187.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 481.04 187.35 Td (condition. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 162.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 66.60 162.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 98.54 162.15 Td (assess ) Tj ET Q
q 0 0 0 rg BT 127.57 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.77 162.15 Td (accuracy ) Tj ET Q
q 0 0 0 rg BT 184.44 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 196.55 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 212.75 162.15 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 254.61 162.15 Td (unit ) Tj ET Q
q 0 0 0 rg BT 274.31 162.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 300.42 162.15 Td (determined ) Tj ET Q
q 0 0 0 rg BT 351.02 162.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 374.80 162.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 399.74 162.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 442.18 162.15 Td (methods ) Tj ET Q
q 0 0 0 rg BT 481.13 162.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 495.00 162.15 Td (comparing ) Tj ET Q
q 0 0 0 rg BT 543.27 162.15 Td (their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (results ) Tj ET Q
q 0 0 0 rg BT 79.88 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 91.02 149.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 107.99 149.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 140.11 149.55 Td (capitalization ) Tj ET Q
q 0 0 0 rg BT 199.63 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 210.77 149.55 Td (determine ) Tj ET Q
q 0 0 0 rg BT 255.72 149.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 268.60 149.55 Td (implied ) Tj ET Q
q 0 0 0 rg BT 303.65 149.55 Td (control ) Tj ET Q
q 0 0 0 rg BT 336.36 149.55 Td (premium. ) Tj ET Q
q 0 0 0 rg BT 379.86 149.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 382.62 149.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 401.91 149.55 Td (reasonableness ) Tj ET Q
q 0 0 0 rg BT 467.86 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.57 149.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 497.71 149.55 Td (implied ) Tj ET Q
q 0 0 0 rg BT 532.76 149.55 Td (control ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (premium ) Tj ET Q
q 0 0 0 rg BT 91.45 136.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 102.49 136.95 Td (considered ) Tj ET Q
q 0 0 0 rg BT 152.02 136.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 166.56 136.95 Td (comparing ) Tj ET Q
q 0 0 0 rg BT 215.50 136.95 Td (it ) Tj ET Q
q 0 0 0 rg BT 225.38 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 237.58 136.95 Td (control ) Tj ET Q
q 0 0 0 rg BT 271.37 136.95 Td (premiums ) Tj ET Q
q 0 0 0 rg BT 317.40 136.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 337.19 136.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 361.05 136.95 Td (been ) Tj ET Q
q 0 0 0 rg BT 384.91 136.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 407.03 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 419.24 136.95 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 457.09 136.95 Td (actual ) Tj ET Q
q 0 0 0 rg BT 486.20 136.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 519.97 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 532.76 136.95 Td (control ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (transactions. ) Tj ET Q
q 0 0 0 rg BT 104.90 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 107.33 124.35 Td (This ) Tj ET Q
q 0 0 0 rg BT 128.63 124.35 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 177.91 124.35 Td (provides ) Tj ET Q
q 0 0 0 rg BT 216.69 124.35 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 256.63 124.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 274.99 124.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 291.61 124.35 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 339.73 124.35 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 394.27 124.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 405.06 124.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 421.68 124.35 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 459.88 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 471.25 124.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 487.87 124.35 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 528.98 124.35 Td (unit ) Tj ET Q
q 0 0 0 rg BT 547.93 124.35 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.86 111.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 90.31 111.75 Td (reasonable.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 63.32 86.55 Td (calculating ) Tj ET Q
q 0 0 0 rg BT 114.46 86.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 133.53 86.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 167.76 86.55 Td (capitalization ) Tj ET Q
q 0 0 0 rg BT 229.39 86.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 246.71 86.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 273.36 86.55 Td (purposes, ) Tj ET Q
q 0 0 0 rg BT 318.39 86.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 352.62 86.55 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 395.61 86.55 Td (can ) Tj ET Q
q 0 0 0 rg BT 415.25 86.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 440.15 86.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 449.88 86.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 499.28 86.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 532.93 86.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 548.50 86.55 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (capitalization, ) Tj ET Q
q 0 0 0 rg BT 110.98 73.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 128.44 73.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 137.15 73.95 Td (appropriate, ) Tj ET Q
q 0 0 0 rg BT 189.89 73.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 204.43 73.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 224.80 73.95 Td (consider ) Tj ET Q
q 0 0 0 rg BT 262.67 73.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 277.80 73.95 Td (average ) Tj ET Q
q 0 0 0 rg BT 312.74 73.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 344.19 73.95 Td (prices ) Tj ET Q
q 0 0 0 rg BT 371.56 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 382.60 73.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 398.90 73.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 423.36 73.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 437.90 73.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 444.86 73.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 473.99 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 485.03 73.95 Td (one ) Tj ET Q
q 0 0 0 rg BT 502.49 73.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 513.54 73.95 Td (two ) Tj ET Q
q 0 0 0 rg BT 531.58 73.95 Td (months ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (before ) Tj ET Q
q 0 0 0 rg BT 79.07 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 94.65 61.35 Td (test ) Tj ET Q
q 0 0 0 rg BT 111.99 61.35 Td (date ) Tj ET Q
q 0 0 0 rg BT 132.24 61.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 143.16 61.35 Td (determine ) Tj ET Q
q 0 0 0 rg BT 187.90 61.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 219.81 61.35 Td (capitalization. ) Tj ET Q
q 0 0 0 rg BT 281.14 61.35 Td (A) Tj ET Q
q 0 0 0 rg BT 288.14 61.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 290.90 61.35 Td (control ) Tj ET Q
q 0 0 0 rg BT 323.39 61.35 Td (premium ) Tj ET Q
q 0 0 0 rg BT 364.06 61.35 Td (arises ) Tj ET Q
q 0 0 0 rg BT 390.72 61.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 413.89 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 429.47 61.35 Td (fact ) Tj ET Q
q 0 0 0 rg BT 447.97 61.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 466.47 61.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 477.39 61.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 490.06 61.35 Td (acquisition, ) Tj ET Q
q 0 0 0 rg BT 541.52 61.35 Td (there ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 59.00 48.75 Td (typically ) Tj ET Q
q 0 0 0 rg BT 98.24 48.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 105.40 48.75 Td (premium ) Tj ET Q
q 0 0 0 rg BT 145.81 48.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 166.39 48.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 187.55 48.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 219.78 48.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 251.43 48.75 Td (prices ) Tj ET Q
q 0 0 0 rg BT 279.00 48.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 290.25 48.75 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 327.16 48.75 Td (traded ) Tj ET Q
q 0 0 0 rg BT 355.90 48.75 Td (companies ) Tj ET Q
q 0 0 0 rg BT 403.30 48.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 421.54 48.75 Td (relates ) Tj ET Q
q 0 0 0 rg BT 451.44 48.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 462.11 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 477.44 48.75 Td (ability ) Tj ET Q
q 0 0 0 rg BT 506.77 48.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 517.44 48.75 Td (control ) Tj ET Q
q 0 0 0 rg BT 549.68 48.75 Td (the ) Tj ET Q
endstream
endobj
165 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 166 0 R>>
endobj
166 0 obj
<</Length 44682>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (80) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (operations ) Tj ET Q
q 0 0 0 rg BT 95.35 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.21 741.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 118.23 741.75 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 156.48 741.75 Td (company) Tj ET Q
q 0 0 0 rg BT 194.29 741.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 199.02 741.75 Td (Further) Tj ET Q
q 0 0 0 rg BT 229.51 741.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 234.25 741.75 Td (assessments ) Tj ET Q
q 0 0 0 rg BT 287.11 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 297.96 741.75 Td (control ) Tj ET Q
q 0 0 0 rg BT 329.82 741.75 Td (premiums ) Tj ET Q
q 0 0 0 rg BT 373.92 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 384.20 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 399.14 741.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 421.66 741.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 477.41 741.75 Td (industry ) Tj ET Q
q 0 0 0 rg BT 513.94 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 528.87 741.75 Td (dif) Tj ET Q
q 0 0 0 rg BT 540.34 741.75 Td (ficult ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (because ) Tj ET Q
q 0 0 0 rg BT 85.84 729.15 Td (many ) Tj ET Q
q 0 0 0 rg BT 112.29 729.15 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 165.57 729.15 Td (involve ) Tj ET Q
q 0 0 0 rg BT 200.18 729.15 Td (privately ) Tj ET Q
q 0 0 0 rg BT 240.61 729.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 261.80 729.15 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 312.45 729.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 324.31 729.15 Td (involve ) Tj ET Q
q 0 0 0 rg BT 358.92 729.15 Td (only ) Tj ET Q
q 0 0 0 rg BT 380.70 729.15 Td (portions ) Tj ET Q
q 0 0 0 rg BT 418.23 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 430.09 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 437.87 729.15 Td (public ) Tj ET Q
q 0 0 0 rg BT 467.23 729.15 Td (company) Tj ET Q
q 0 0 0 rg BT 505.04 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 510.78 729.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 533.14 729.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 552.00 729.15 Td (no ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (control ) Tj ET Q
q 0 0 0 rg BT 81.87 716.55 Td (premium ) Tj ET Q
q 0 0 0 rg BT 122.40 716.55 Td (can ) Tj ET Q
q 0 0 0 rg BT 139.60 716.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 152.13 716.55 Td (calculated.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Recent ) Tj ET Q
q 0 0 0 rg BT 81.18 691.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 112.86 691.35 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 152.70 691.35 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 195.46 691.35 Td (control ) Tj ET Q
q 0 0 0 rg BT 227.73 691.35 Td (premiums ) Tj ET Q
q 0 0 0 rg BT 272.26 691.35 Td (suggest ) Tj ET Q
q 0 0 0 rg BT 306.29 691.35 Td (values ) Tj ET Q
q 0 0 0 rg BT 335.64 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 346.92 691.35 Td (up ) Tj ET Q
q 0 0 0 rg BT 359.95 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 370.64 691.35 Td (173%, ) Tj ET Q
q 0 0 0 rg BT 400.29 691.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 421.49 691.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 433.93 691.35 Td (average ) Tj ET Q
q 0 0 0 rg BT 469.10 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 480.37 691.35 Td (24%. ) Tj ET Q
q 0 0 0 rg BT 504.77 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 507.30 691.35 Td (Based ) Tj ET Q
q 0 0 0 rg BT 535.49 691.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 548.52 691.35 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 85.02 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.86 678.75 Td (consideration, ) Tj ET Q
q 0 0 0 rg BT 162.74 678.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 176.67 678.75 Td (believe ) Tj ET Q
q 0 0 0 rg BT 208.68 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.19 678.75 Td (implied ) Tj ET Q
q 0 0 0 rg BT 256.96 678.75 Td (control ) Tj ET Q
q 0 0 0 rg BT 288.39 678.75 Td (premium ) Tj ET Q
q 0 0 0 rg BT 327.99 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 338.42 678.75 Td (37% ) Tj ET Q
q 0 0 0 rg BT 359.35 678.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 408.27 678.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 420.46 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 436.14 678.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 476.32 678.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 494.34 678.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 518.77 678.75 Td (estimation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 59.70 666.15 Td (October ) Tj ET Q
q 0 0 0 rg BT 96.15 666.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 111.90 666.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 138.15 666.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 147.78 666.15 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 195.29 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 206.09 666.15 Td (relation ) Tj ET Q
q 0 0 0 rg BT 240.78 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 251.57 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.03 666.15 Td (observed ) Tj ET Q
q 0 0 0 rg BT 307.56 666.15 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 343.99 666.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 375.77 666.15 Td (control ) Tj ET Q
q 0 0 0 rg BT 408.14 666.15 Td (premium ) Tj ET Q
q 0 0 0 rg BT 448.67 666.15 Td (values.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 640.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.54 640.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 115.07 640.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 122.04 640.95 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 165.75 640.95 Td (event ) Tj ET Q
q 0 0 0 rg BT 190.80 640.95 Td (had ) Tj ET Q
q 0 0 0 rg BT 208.26 640.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 223.98 640.95 Td (occurred ) Tj ET Q
q 0 0 0 rg BT 263.02 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 277.56 640.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 293.87 640.95 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 333.51 640.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 344.56 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.61 640.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 385.32 640.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 400.75 640.95 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 426.68 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 428.82 640.95 Td (W) Tj ET Q
q 0 0 0 rg BT 437.89 640.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 444.86 640.95 Td (note ) Tj ET Q
q 0 0 0 rg BT 465.24 640.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 483.29 640.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 499.60 640.95 Td (share ) Tj ET Q
q 0 0 0 rg BT 524.06 640.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 547.35 640.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 91.63 628.35 Td (unit ) Tj ET Q
q 0 0 0 rg BT 111.61 628.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 129.82 628.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 156.20 628.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 179.66 628.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 196.72 628.35 Td (been ) Tj ET Q
q 0 0 0 rg BT 220.19 628.35 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 276.32 628.35 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 318.44 628.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 332.59 628.35 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 383.47 628.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 395.86 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 404.16 628.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 431.13 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 443.52 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.99 628.35 Td (Mer) Tj ET Q
q 0 0 0 rg BT 477.30 628.35 Td (ger ) Tj ET Q
q 0 0 0 rg BT 493.54 628.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 543.83 628.35 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 86.75 615.75 Td (T) Tj ET Q
q 0 0 0 rg BT 92.43 615.75 Td (empleton. ) Tj ET Q
q 0 0 0 rg BT 135.94 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 137.74 615.75 Td (Per ) Tj ET Q
q 0 0 0 rg BT 153.54 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 168.17 615.75 Td (terms ) Tj ET Q
q 0 0 0 rg BT 193.30 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 203.85 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 218.48 615.75 Td (Mer) Tj ET Q
q 0 0 0 rg BT 235.78 615.75 Td (ger ) Tj ET Q
q 0 0 0 rg BT 250.59 615.75 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 301.67 615.75 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 338.92 615.75 Td (T) Tj ET Q
q 0 0 0 rg BT 344.60 615.75 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 385.48 615.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 403.62 615.75 Td (acquire ) Tj ET Q
q 0 0 0 rg BT 436.31 615.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 448.61 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 459.16 615.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 474.96 615.75 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 525.76 615.75 Td (common ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 73.76 603.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 88.09 603.15 Td ($50 ) Tj ET Q
q 0 0 0 rg BT 105.94 603.15 Td (per ) Tj ET Q
q 0 0 0 rg BT 121.44 603.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 145.69 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 155.95 603.15 Td (cash, ) Tj ET Q
q 0 0 0 rg BT 179.32 603.15 Td (valuing ) Tj ET Q
q 0 0 0 rg BT 212.91 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 227.83 603.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 248.59 603.15 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 296.75 603.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 306.42 603.15 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 369.16 603.15 Td ($4.5 ) Tj ET Q
q 0 0 0 rg BT 389.63 603.15 Td (billion, ) Tj ET Q
q 0 0 0 rg BT 421.77 603.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 449.52 603.15 Td (approximates ) Tj ET Q
q 0 0 0 rg BT 508.18 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 523.11 603.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 539.77 603.15 Td (value ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.48 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 77.53 590.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 119.25 590.55 Td (unit ) Tj ET Q
q 0 0 0 rg BT 138.82 590.55 Td (determined ) Tj ET Q
q 0 0 0 rg BT 189.28 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 200.68 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 217.90 590.55 Td (most ) Tj ET Q
q 0 0 0 rg BT 241.55 590.55 Td (recent ) Tj ET Q
q 0 0 0 rg BT 270.43 590.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 322.07 590.55 Td (testing, ) Tj ET Q
q 0 0 0 rg BT 355.92 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 374.31 590.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 391.54 590.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 414.59 590.55 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 454.54 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 465.94 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.00 590.55 Td (trading ) Tj ET Q
q 0 0 0 rg BT 514.97 590.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 540.94 590.55 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 80.71 577.95 Td (common ) Tj ET Q
q 0 0 0 rg BT 120.08 577.95 Td (stock.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 553.35 Td (Stock-Based Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 67.52 540.75 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 118.77 540.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 178.78 540.75 Td (plans ) Tj ET Q
q 0 0 0 rg BT 202.64 540.75 Td (include ) Tj ET Q
q 0 0 0 rg BT 235.23 540.75 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 275.98 540.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 299.83 540.75 Td (units, ) Tj ET Q
q 0 0 0 rg BT 324.57 540.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 348.42 540.75 Td (options, ) Tj ET Q
q 0 0 0 rg BT 383.66 540.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 395.25 540.75 Td (employee ) Tj ET Q
q 0 0 0 rg BT 437.76 540.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 461.61 540.75 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 500.61 540.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 520.38 540.75 Td (\("ESPP"\), ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 528.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 80.22 528.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 96.95 528.15 Td (performance-based ) Tj ET Q
q 0 0 0 rg BT 178.97 528.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 233.59 528.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 261.40 528.15 Td (payable ) Tj ET Q
q 0 0 0 rg BT 295.61 528.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 305.35 528.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 343.66 528.15 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 370.02 528.15 Td (af) Tj ET Q
q 0 0 0 rg BT 377.98 528.15 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 404.04 528.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 459.25 528.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 487.06 528.15 Td (plans ) Tj ET Q
q 0 0 0 rg BT 510.80 528.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 527.52 528.15 Td (deferred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.60 515.55 Td (payable ) Tj ET Q
q 0 0 0 rg BT 146.03 515.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 156.97 515.55 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 184.54 515.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 187.32 515.55 Td (Under ) Tj ET Q
q 0 0 0 rg BT 216.34 515.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 233.12 515.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 258.06 515.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 319.16 515.55 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 346.73 515.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 361.75 515.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 384.35 515.55 Td (issued ) Tj ET Q
q 0 0 0 rg BT 413.38 515.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 442.40 515.55 Td (awards ) Tj ET Q
q 0 0 0 rg BT 474.92 515.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 485.87 515.55 Td (directors, ) Tj ET Q
q 0 0 0 rg BT 528.01 515.55 Td (of) Tj ET Q
q 0 0 0 rg BT 536.56 515.55 Td (ficers, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.18 502.95 Td (key ) Tj ET Q
q 0 0 0 rg BT 84.86 502.95 Td (employees. ) Tj ET Q
q 0 0 0 rg BT 134.91 502.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 137.42 502.95 Td (Under ) Tj ET Q
q 0 0 0 rg BT 166.18 502.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.53 502.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 207.38 502.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 218.64 502.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 233.99 502.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 251.29 502.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 266.66 502.95 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 318.45 502.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 333.21 502.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 353.81 502.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 369.75 502.95 Td (grant ) Tj ET Q
q 0 0 0 rg BT 393.84 502.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 411.52 502.95 Td (new ) Tj ET Q
q 0 0 0 rg BT 431.53 502.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 463.79 502.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 475.05 502.95 Td (amend ) Tj ET Q
q 0 0 0 rg BT 505.56 502.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 516.83 502.95 Td (modify ) Tj ET Q
q 0 0 0 rg BT 549.68 502.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 490.35 Td (terms ) Tj ET Q
q 0 0 0 rg BT 75.66 490.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 87.23 490.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 105.22 490.35 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 157.05 490.35 Td (awards ) Tj ET Q
q 0 0 0 rg BT 189.61 490.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 216.35 490.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 234.33 490.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 245.91 490.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 262.73 490.35 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 315.13 490.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 376.28 490.35 Td (plans. ) Tj ET Q
q 0 0 0 rg BT 403.89 490.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 406.72 490.35 Td (Due ) Tj ET Q
q 0 0 0 rg BT 427.04 490.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 438.04 490.35 Td (this ) Tj ET Q
q 0 0 0 rg BT 456.04 490.35 Td (limitation, ) Tj ET Q
q 0 0 0 rg BT 502.32 490.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 513.32 490.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 538.89 490.35 Td (2021, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.75 Td (directors, ) Tj ET Q
q 0 0 0 rg BT 91.91 477.75 Td (of) Tj ET Q
q 0 0 0 rg BT 100.47 477.75 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 126.83 477.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 145.04 477.75 Td (key ) Tj ET Q
q 0 0 0 rg BT 163.25 477.75 Td (employees ) Tj ET Q
q 0 0 0 rg BT 211.20 477.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 230.58 477.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 243.54 477.75 Td (issued ) Tj ET Q
q 0 0 0 rg BT 272.84 477.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 310.86 477.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 332.57 477.75 Td (units, ) Tj ET Q
q 0 0 0 rg BT 358.66 477.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 387.37 477.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 406.75 477.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 419.71 477.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 452.50 477.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 463.72 477.75 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 513.97 477.75 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 547.35 477.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 465.15 Td (payment ) Tj ET Q
q 0 0 0 rg BT 87.79 465.15 Td (upon ) Tj ET Q
q 0 0 0 rg BT 110.92 465.15 Td (closing ) Tj ET Q
q 0 0 0 rg BT 143.39 465.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 154.27 465.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 169.23 465.15 Td (transaction, ) Tj ET Q
q 0 0 0 rg BT 220.06 465.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 230.36 465.15 Td (lieu ) Tj ET Q
q 0 0 0 rg BT 248.24 465.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 259.12 465.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 287.50 465.15 Td (awards. ) Tj ET Q
q 0 0 0 rg BT 322.00 465.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 324.13 465.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 335.02 465.15 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 374.19 465.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 389.15 465.15 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 428.60 465.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.48 465.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 467.85 465.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 493.90 465.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 508.86 465.15 Td (ESPP) Tj ET Q
q 0 0 0 rg BT 532.40 465.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 534.54 465.15 Td (ceased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.29 452.55 Td (February ) Tj ET Q
q 0 0 0 rg BT 100.82 452.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 124.45 452.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 142.23 452.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 157.69 452.55 Td (ESPP) Tj ET Q
q 0 0 0 rg BT 181.23 452.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 183.85 452.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 202.81 452.55 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 245.09 452.55 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 300.20 452.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 323.24 452.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 334.03 452.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 349.48 452.55 Td (closing ) Tj ET Q
q 0 0 0 rg BT 382.44 452.55 Td (date ) Tj ET Q
q 0 0 0 rg BT 402.55 452.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 413.92 452.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 429.38 452.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 446.68 452.55 Td (ger) Tj ET Q
q 0 0 0 rg BT 459.51 452.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 427.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.82 427.35 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 110.61 427.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 131.85 427.35 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 177.57 427.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 226.22 427.35 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 269.32 427.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 330.22 427.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 366.61 427.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 381.43 427.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 396.83 427.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 421.56 427.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 449.21 427.35 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 494.94 427.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 521.14 427.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 547.34 427.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 76.32 414.75 Td (includes ) Tj ET Q
q 0 0 0 rg BT 114.52 414.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 176.04 414.75 Td (cost ) Tj ET Q
q 0 0 0 rg BT 196.15 414.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 211.59 414.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 225.29 414.75 Td (non-vested ) Tj ET Q
q 0 0 0 rg BT 274.56 414.75 Td (share-based ) Tj ET Q
q 0 0 0 rg BT 327.32 414.75 Td (awards ) Tj ET Q
q 0 0 0 rg BT 360.25 414.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 371.03 414.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 393.47 414.75 Td (grant ) Tj ET Q
q 0 0 0 rg BT 418.25 414.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 438.93 414.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 456.70 414.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 482.64 414.75 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 527.82 414.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 549.68 414.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 402.15 Td (respective ) Tj ET Q
q 0 0 0 rg BT 93.99 402.15 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 126.24 402.15 Td (periods, ) Tj ET Q
q 0 0 0 rg BT 161.70 402.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 189.29 402.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 209.29 402.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 221.13 402.15 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 256.28 402.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 270.45 402.15 Td (retirement-eligible ) Tj ET Q
q 0 0 0 rg BT 350.51 402.15 Td (recipients, ) Tj ET Q
q 0 0 0 rg BT 395.88 402.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 408.30 402.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 423.06 402.15 Td (straight-line ) Tj ET Q
q 0 0 0 rg BT 475.72 402.15 Td (method. ) Tj ET Q
q 0 0 0 rg BT 511.77 402.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 513.55 402.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 531.80 402.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 549.11 402.15 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.55 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 98.64 389.55 Td (provides ) Tj ET Q
q 0 0 0 rg BT 137.30 389.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 152.04 389.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 167.37 389.55 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 213.02 389.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 224.26 389.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 237.26 389.55 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 288.75 389.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 317.50 389.55 Td (awards ) Tj ET Q
q 0 0 0 rg BT 349.73 389.55 Td (\(vested ) Tj ET Q
q 0 0 0 rg BT 382.55 389.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 400.21 389.55 Td (unvested\), ) Tj ET Q
q 0 0 0 rg BT 446.15 389.55 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 492.97 389.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 516.47 389.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.79 389.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 549.10 389.55 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.95 Td (closing. ) Tj ET Q
q 0 0 0 rg BT 84.86 376.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 87.09 376.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 105.81 376.95 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 151.37 376.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.52 376.95 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 202.25 376.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 234.39 376.95 Td (accommodates ) Tj ET Q
q 0 0 0 rg BT 299.18 376.95 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 336.99 376.95 Td (T) Tj ET Q
q 0 0 0 rg BT 342.67 376.95 Td (empleton's ) Tj ET Q
q 0 0 0 rg BT 390.13 376.95 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 438.60 376.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 449.75 376.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 473.73 376.95 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 507.34 376.95 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 550.26 376.95 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 364.35 Td (do ) Tj ET Q
q 0 0 0 rg BT 62.63 364.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 78.67 364.35 Td (incur ) Tj ET Q
q 0 0 0 rg BT 102.87 364.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 120.65 364.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 151.84 364.35 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 201.67 364.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 262.62 364.35 Td (expense. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 339.15 Td (Excess ) Tj ET Q
q 0 0 0 rg BT 80.36 339.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 94.90 339.15 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 129.84 339.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 146.70 339.15 Td (deficiencies ) Tj ET Q
q 0 0 0 rg BT 198.55 339.15 Td (associated ) Tj ET Q
q 0 0 0 rg BT 243.40 339.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 263.78 339.15 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 315.05 339.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 375.07 339.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 389.60 339.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 437.36 339.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 447.81 339.15 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 482.16 339.15 Td (items ) Tj ET Q
q 0 0 0 rg BT 506.62 339.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 516.49 339.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.02 339.15 Td (Income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 64.72 326.55 Td (provision ) Tj ET Q
q 0 0 0 rg BT 106.78 326.55 Td (\(benefit\) ) Tj ET Q
q 0 0 0 rg BT 145.31 326.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 155.87 326.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.09 326.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 228.90 326.55 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 277.36 326.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 288.50 326.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 322.38 326.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 324.77 326.55 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 353.99 326.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 364.55 326.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.77 326.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 420.64 326.55 Td (period ) Tj ET Q
q 0 0 0 rg BT 449.86 326.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 460.42 326.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 488.47 326.55 Td (they ) Tj ET Q
q 0 0 0 rg BT 508.94 326.55 Td (occur) Tj ET Q
q 0 0 0 rg BT 531.84 326.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 536.85 326.55 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 70.38 313.95 Td (increase ) Tj ET Q
q 0 0 0 rg BT 107.58 313.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.22 313.95 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 163.94 313.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 175.49 313.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 191.12 313.95 Td (Income ) Tj ET Q
q 0 0 0 rg BT 225.41 313.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 241.05 313.95 Td (provision ) Tj ET Q
q 0 0 0 rg BT 283.52 313.95 Td (\(benefit\) ) Tj ET Q
q 0 0 0 rg BT 322.47 313.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 334.03 313.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 341.49 313.95 Td (result ) Tj ET Q
q 0 0 0 rg BT 367.63 313.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 379.18 313.95 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 431.56 313.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 442.53 313.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 459.33 313.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 484.30 313.95 Td (price. ) Tj ET Q
q 0 0 0 rg BT 510.72 313.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 513.32 313.95 Td (W) Tj ET Q
q 0 0 0 rg BT 522.39 313.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 529.86 313.95 Td (account ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 301.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.52 301.35 Td (forfeitures ) Tj ET Q
q 0 0 0 rg BT 111.03 301.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 122.55 301.35 Td (they ) Tj ET Q
q 0 0 0 rg BT 143.41 301.35 Td (occur) Tj ET Q
q 0 0 0 rg BT 166.15 301.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 171.55 301.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 173.71 301.35 Td (Also, ) Tj ET Q
q 0 0 0 rg BT 198.95 301.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 220.39 301.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 246.50 301.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 277.84 301.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 288.78 301.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 322.47 301.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 338.07 301.35 Td (deductions ) Tj ET Q
q 0 0 0 rg BT 386.34 301.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 397.29 301.35 Td (excess ) Tj ET Q
q 0 0 0 rg BT 427.47 301.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 438.99 301.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 450.52 301.35 Td (less ) Tj ET Q
q 0 0 0 rg BT 469.05 301.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 489.90 301.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 505.51 301.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 536.85 301.35 Td (stock-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 75.54 288.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 135.99 288.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 171.93 288.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 186.88 288.75 Td (classified ) Tj ET Q
q 0 0 0 rg BT 228.66 288.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 239.54 288.75 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 262.67 288.75 Td (Flows ) Tj ET Q
q 0 0 0 rg BT 290.47 288.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 313.01 288.75 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 356.66 288.75 Td (Activities ) Tj ET Q
q 0 0 0 rg BT 399.62 288.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 409.91 288.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.87 288.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 482.41 288.75 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 530.62 288.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 541.49 288.75 Td (Cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 276.15 Td (Flows.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.95 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 250.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 66.79 250.95 Td (granted ) Tj ET Q
q 0 0 0 rg BT 101.84 250.95 Td (0.4 ) Tj ET Q
q 0 0 0 rg BT 118.53 250.95 Td (million ) Tj ET Q
q 0 0 0 rg BT 152.44 250.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 178.17 250.95 Td (options ) Tj ET Q
q 0 0 0 rg BT 212.65 250.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 224.38 250.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 250.69 250.95 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 277.88 250.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 281.44 250.95 Td (No ) Tj ET Q
q 0 0 0 rg BT 297.84 250.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 323.57 250.95 Td (options ) Tj ET Q
q 0 0 0 rg BT 358.05 250.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 382.02 250.95 Td (granted ) Tj ET Q
q 0 0 0 rg BT 417.07 250.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 428.80 250.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 455.10 250.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 479.67 250.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 491.98 250.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 518.28 250.95 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 545.47 250.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 548.78 250.95 Td (W) Tj ET Q
q 0 0 0 rg BT 557.85 250.95 Td (e ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 238.35 Td (determine ) Tj ET Q
q 0 0 0 rg BT 93.86 238.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 109.06 238.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 126.01 238.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 151.13 238.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.25 238.35 Td (each ) Tj ET Q
q 0 0 0 rg BT 183.86 238.35 Td (option ) Tj ET Q
q 0 0 0 rg BT 213.07 238.35 Td (grant ) Tj ET Q
q 0 0 0 rg BT 237.02 238.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 262.15 238.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 277.35 238.35 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 340.38 238.35 Td (option-pricing ) Tj ET Q
q 0 0 0 rg BT 402.83 238.35 Td (model, ) Tj ET Q
q 0 0 0 rg BT 434.08 238.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 462.12 238.35 Td (requires ) Tj ET Q
q 0 0 0 rg BT 498.31 238.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 554.34 238.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.75 Td (develop ) Tj ET Q
q 0 0 0 rg BT 84.86 225.75 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 126.06 225.75 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 168.41 225.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 199.09 225.75 Td (input ) Tj ET Q
q 0 0 0 rg BT 222.80 225.75 Td (variables. ) Tj ET Q
q 0 0 0 rg BT 265.45 225.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 267.41 225.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 285.86 225.75 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 313.65 225.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 328.02 225.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.97 225.75 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 405.74 225.75 Td (model ) Tj ET Q
q 0 0 0 rg BT 434.11 225.75 Td (include: ) Tj ET Q
q 0 0 0 rg BT 470.05 225.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 494.34 225.75 Td (price ) Tj ET Q
q 0 0 0 rg BT 517.44 225.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 530.06 225.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 545.01 225.75 Td (date ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 213.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.40 213.15 Td (grant, ) Tj ET Q
q 0 0 0 rg BT 86.76 213.15 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 123.31 213.15 Td (price ) Tj ET Q
q 0 0 0 rg BT 146.45 213.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 157.35 213.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 172.33 213.15 Td (option, ) Tj ET Q
q 0 0 0 rg BT 203.95 213.15 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 242.85 213.15 Td (yield, ) Tj ET Q
q 0 0 0 rg BT 268.63 213.15 Td (volatility) Tj ET Q
q 0 0 0 rg BT 305.86 213.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 310.64 213.15 Td (expected ) Tj ET Q
q 0 0 0 rg BT 350.11 213.15 Td (life ) Tj ET Q
q 0 0 0 rg BT 366.26 213.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 383.57 213.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 398.56 213.15 Td (risk-free ) Tj ET Q
q 0 0 0 rg BT 436.27 213.15 Td (interest ) Tj ET Q
q 0 0 0 rg BT 469.34 213.15 Td (rate, ) Tj ET Q
q 0 0 0 rg BT 489.85 213.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 502.50 213.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 513.41 213.15 Td (which, ) Tj ET Q
q 0 0 0 rg BT 543.85 213.15 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.18 200.55 Td (exception ) Tj ET Q
q 0 0 0 rg BT 106.85 200.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.44 200.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.12 200.55 Td (grant ) Tj ET Q
q 0 0 0 rg BT 155.55 200.55 Td (date ) Tj ET Q
q 0 0 0 rg BT 174.89 200.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 198.91 200.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 221.74 200.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 238.75 200.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.43 200.55 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 289.68 200.55 Td (price, ) Tj ET Q
q 0 0 0 rg BT 315.14 200.55 Td (require ) Tj ET Q
q 0 0 0 rg BT 346.72 200.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 387.65 200.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 398.24 200.55 Td (assumptions. ) Tj ET Q
q 0 0 0 rg BT 454.64 200.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 456.36 200.55 Td (W) Tj ET Q
q 0 0 0 rg BT 465.43 200.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 471.94 200.55 Td (calculate ) Tj ET Q
q 0 0 0 rg BT 511.10 200.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.78 200.55 Td (dividend ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.95 Td (yield ) Tj ET Q
q 0 0 0 rg BT 73.84 187.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 101.10 187.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 125.44 187.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.62 187.95 Td (average ) Tj ET Q
q 0 0 0 rg BT 177.60 187.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 189.70 187.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 205.87 187.95 Td (historical ) Tj ET Q
q 0 0 0 rg BT 248.29 187.95 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 289.54 187.95 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 329.63 187.95 Td (payments ) Tj ET Q
q 0 0 0 rg BT 373.22 187.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 395.22 187.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 403.23 187.95 Td (term ) Tj ET Q
q 0 0 0 rg BT 425.82 187.95 Td (equal ) Tj ET Q
q 0 0 0 rg BT 451.91 187.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 463.42 187.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 479.60 187.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 520.25 187.95 Td (life ) Tj ET Q
q 0 0 0 rg BT 537.59 187.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.68 187.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 175.35 Td (options. ) Tj ET Q
q 0 0 0 rg BT 84.82 175.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 86.47 175.35 Td (W) Tj ET Q
q 0 0 0 rg BT 95.54 175.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 101.97 175.35 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 138.74 175.35 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 178.43 175.35 Td (equally ) Tj ET Q
q 0 0 0 rg BT 211.11 175.35 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 251.38 175.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 288.13 175.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.74 175.35 Td (historical ) Tj ET Q
q 0 0 0 rg BT 343.59 175.35 Td (prices ) Tj ET Q
q 0 0 0 rg BT 370.43 175.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 380.96 175.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 396.73 175.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 420.67 175.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 441.10 175.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 447.54 175.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 476.14 175.35 Td (equal ) Tj ET Q
q 0 0 0 rg BT 500.65 175.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 510.59 175.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.20 175.35 Td (expected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.75 Td (life ) Tj ET Q
q 0 0 0 rg BT 66.22 162.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 77.69 162.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.25 162.75 Td (option ) Tj ET Q
q 0 0 0 rg BT 122.81 162.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 140.69 162.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.25 162.75 Td (implied ) Tj ET Q
q 0 0 0 rg BT 191.05 162.75 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 231.70 162.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 243.17 162.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 275.05 162.75 Td (listed ) Tj ET Q
q 0 0 0 rg BT 300.52 162.75 Td (options ) Tj ET Q
q 0 0 0 rg BT 334.17 162.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 344.47 162.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 360.03 162.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 380.24 162.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 391.72 162.75 Td (grant. ) Tj ET Q
q 0 0 0 rg BT 418.64 162.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 421.17 162.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 440.22 162.75 Td (expected ) Tj ET Q
q 0 0 0 rg BT 480.26 162.75 Td (life ) Tj ET Q
q 0 0 0 rg BT 496.98 162.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 506.71 162.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 522.26 162.75 Td (estimated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 150.15 Td (length ) Tj ET Q
q 0 0 0 rg BT 79.13 150.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 91.27 150.15 Td (time ) Tj ET Q
q 0 0 0 rg BT 113.32 150.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 126.62 150.15 Td (option ) Tj ET Q
q 0 0 0 rg BT 156.85 150.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 176.57 150.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 189.87 150.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 211.34 150.15 Td (before ) Tj ET Q
q 0 0 0 rg BT 241.54 150.15 Td (it ) Tj ET Q
q 0 0 0 rg BT 250.77 150.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 261.16 150.15 Td (either ) Tj ET Q
q 0 0 0 rg BT 288.45 150.15 Td (exercised ) Tj ET Q
q 0 0 0 rg BT 331.48 150.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 343.62 150.15 Td (canceled, ) Tj ET Q
q 0 0 0 rg BT 386.35 150.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 413.65 150.15 Td (upon ) Tj ET Q
q 0 0 0 rg BT 438.04 150.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 455.43 150.15 Td (historical ) Tj ET Q
q 0 0 0 rg BT 497.89 150.15 Td (option ) Tj ET Q
q 0 0 0 rg BT 528.11 150.15 Td (exercise ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.55 Td (experience. ) Tj ET Q
q 0 0 0 rg BT 100.20 137.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 102.63 137.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 121.56 137.55 Td (risk-free ) Tj ET Q
q 0 0 0 rg BT 159.73 137.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 193.25 137.55 Td (rate ) Tj ET Q
q 0 0 0 rg BT 211.60 137.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 221.21 137.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 236.65 137.55 Td (rate ) Tj ET Q
q 0 0 0 rg BT 255.00 137.55 Td (available ) Tj ET Q
q 0 0 0 rg BT 295.50 137.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 310.36 137.55 Td (zero-coupon ) Tj ET Q
q 0 0 0 rg BT 365.44 137.55 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 386.73 137.55 Td (Government ) Tj ET Q
q 0 0 0 rg BT 441.82 137.55 Td (issues ) Tj ET Q
q 0 0 0 rg BT 469.52 137.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 490.80 137.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 498.07 137.55 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 543.25 137.55 Td (term ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.95 Td (equal ) Tj ET Q
q 0 0 0 rg BT 74.67 124.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 85.26 124.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.52 124.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 140.26 124.95 Td (life ) Tj ET Q
q 0 0 0 rg BT 156.68 124.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.85 124.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.11 124.95 Td (options ) Tj ET Q
q 0 0 0 rg BT 216.45 124.95 Td (being ) Tj ET Q
q 0 0 0 rg BT 242.21 124.95 Td (valued. ) Tj ET Q
q 0 0 0 rg BT 275.25 124.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 277.68 124.95 Td (If ) Tj ET Q
q 0 0 0 rg BT 287.10 124.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 301.77 124.95 Td (used ) Tj ET Q
q 0 0 0 rg BT 323.45 124.95 Td (dif) Tj ET Q
q 0 0 0 rg BT 334.92 124.95 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 361.83 124.95 Td (methods ) Tj ET Q
q 0 0 0 rg BT 399.84 124.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 410.44 124.95 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 447.85 124.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 464.28 124.95 Td (variables ) Tj ET Q
q 0 0 0 rg BT 504.60 124.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 519.27 124.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.53 124.95 Td (Black-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 112.35 Td (Scholes ) Tj ET Q
q 0 0 0 rg BT 84.55 112.35 Td (model, ) Tj ET Q
q 0 0 0 rg BT 115.80 112.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 126.94 112.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 135.73 112.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 150.36 112.35 Td (used ) Tj ET Q
q 0 0 0 rg BT 171.99 112.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 179.04 112.35 Td (dif) Tj ET Q
q 0 0 0 rg BT 190.51 112.35 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 217.38 112.35 Td (type ) Tj ET Q
q 0 0 0 rg BT 237.84 112.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.97 112.35 Td (option-pricing ) Tj ET Q
q 0 0 0 rg BT 311.43 112.35 Td (model, ) Tj ET Q
q 0 0 0 rg BT 342.68 112.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.90 112.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 374.85 112.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 399.98 112.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 411.11 112.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 427.49 112.35 Td (option ) Tj ET Q
q 0 0 0 rg BT 456.71 112.35 Td (grants ) Tj ET Q
q 0 0 0 rg BT 484.75 112.35 Td (might ) Tj ET Q
q 0 0 0 rg BT 511.64 112.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 523.93 112.35 Td (dif) Tj ET Q
q 0 0 0 rg BT 535.41 112.35 Td (ferent.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 87.15 Td (During ) Tj ET Q
q 0 0 0 rg BT 82.66 87.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 108.81 87.15 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 135.84 87.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 151.49 87.15 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 209.72 87.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 223.04 87.15 Td (af) Tj ET Q
q 0 0 0 rg BT 231.01 87.15 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 258.91 87.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 288.56 87.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 345.62 87.15 Td (plan ) Tj ET Q
q 0 0 0 rg BT 367.11 87.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 386.26 87.15 Td (entitles ) Tj ET Q
q 0 0 0 rg BT 420.00 87.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 451.97 87.15 Td (key ) Tj ET Q
q 0 0 0 rg BT 470.54 87.15 Td (employees ) Tj ET Q
q 0 0 0 rg BT 518.85 87.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 531.01 87.15 Td (Clarion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.55 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 86.00 74.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 96.25 74.55 Td (participate ) Tj ET Q
q 0 0 0 rg BT 142.65 74.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 152.90 74.55 Td (15% ) Tj ET Q
q 0 0 0 rg BT 174.23 74.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 185.07 74.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.98 74.55 Td (future ) Tj ET Q
q 0 0 0 rg BT 227.14 74.55 Td (growth, ) Tj ET Q
q 0 0 0 rg BT 261.60 74.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 270.10 74.55 Td (any) Tj ET Q
q 0 0 0 rg BT 284.58 74.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 289.29 74.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 300.12 74.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 315.04 74.55 Td (af) Tj ET Q
q 0 0 0 rg BT 323.01 74.55 Td (filiate's ) Tj ET Q
q 0 0 0 rg BT 355.56 74.55 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 399.04 74.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 423.87 74.55 Td (\(subject ) Tj ET Q
q 0 0 0 rg BT 459.20 74.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 469.45 74.55 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 519.35 74.55 Td (discounts\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.95 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 98.96 61.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 109.92 61.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 125.54 61.95 Td (date ) Tj ET Q
q 0 0 0 rg BT 145.82 61.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 157.36 61.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 172.99 61.95 Td (grant. ) Tj ET Q
q 0 0 0 rg BT 199.98 61.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 202.78 61.95 Td (During ) Tj ET Q
q 0 0 0 rg BT 235.32 61.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 260.85 61.95 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 287.27 61.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 302.31 61.95 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 359.92 61.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 372.63 61.95 Td (af) Tj ET Q
q 0 0 0 rg BT 380.60 61.95 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 407.88 61.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 464.32 61.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 493.36 61.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 514.23 61.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 535.69 61.95 Td (Royce ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 49.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 77.78 49.35 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 113.65 49.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 124.44 49.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 139.89 49.35 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 178.09 49.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 189.46 49.35 Td (minority ) Tj ET Q
q 0 0 0 rg BT 228.25 49.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 257.12 49.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 294.73 49.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 305.52 49.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 320.97 49.35 Td (af) Tj ET Q
q 0 0 0 rg BT 328.94 49.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 356.05 49.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 366.84 49.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 379.39 49.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 435.66 49.35 Td (team ) Tj ET Q
q 0 0 0 rg BT 458.69 49.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 469.48 49.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 494.84 49.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 521.09 49.35 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 547.34 49.35 Td (and ) Tj ET Q
endstream
endobj
167 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 168 0 R>>
endobj
168 0 obj
<</Length 43547>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (81) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (2016. ) Tj ET Q
q 0 0 0 rg BT 76.06 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 78.79 741.75 Td (These ) Tj ET Q
q 0 0 0 rg BT 106.79 741.75 Td (Royce ) Tj ET Q
q 0 0 0 rg BT 136.56 741.75 Td (interests ) Tj ET Q
q 0 0 0 rg BT 174.49 741.75 Td (allow ) Tj ET Q
q 0 0 0 rg BT 200.75 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 216.52 741.75 Td (holders ) Tj ET Q
q 0 0 0 rg BT 250.36 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 261.47 741.75 Td (receive ) Tj ET Q
q 0 0 0 rg BT 294.71 741.75 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 335.55 741.75 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 390.99 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.67 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.44 741.75 Td (af) Tj ET Q
q 0 0 0 rg BT 426.40 741.75 Td (filiate's ) Tj ET Q
q 0 0 0 rg BT 459.81 741.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 475.57 741.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 515.82 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 526.93 741.75 Td (amounts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (equal ) Tj ET Q
q 0 0 0 rg BT 75.92 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 87.76 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.27 729.15 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 153.42 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.84 729.15 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 213.26 729.15 Td (represented ) Tj ET Q
q 0 0 0 rg BT 265.33 729.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 279.51 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.02 729.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 325.94 729.15 Td (they ) Tj ET Q
q 0 0 0 rg BT 347.70 729.15 Td (hold, ) Tj ET Q
q 0 0 0 rg BT 372.67 729.15 Td (subordinate ) Tj ET Q
q 0 0 0 rg BT 425.34 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 437.19 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 453.69 729.15 Td (maintenance ) Tj ET Q
q 0 0 0 rg BT 510.43 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 522.85 729.15 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 89.66 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 107.08 716.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 123.34 716.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 151.84 716.55 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 191.72 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 193.98 716.55 Td (During ) Tj ET Q
q 0 0 0 rg BT 225.98 716.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 250.98 716.55 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 276.86 716.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 291.36 716.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 310.54 716.55 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 367.61 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 374.53 716.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 430.44 716.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 458.94 716.55 Td (plan ) Tj ET Q
q 0 0 0 rg BT 479.28 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 493.78 716.55 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 547.35 716.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (granted ) Tj ET Q
q 0 0 0 rg BT 84.39 703.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 108.22 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 119.79 703.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 151.75 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 163.91 703.95 Td (their ) Tj ET Q
q 0 0 0 rg BT 186.55 703.95 Td (employees ) Tj ET Q
q 0 0 0 rg BT 234.86 703.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 254.01 703.95 Td (entitle ) Tj ET Q
q 0 0 0 rg BT 283.66 703.95 Td (them ) Tj ET Q
q 0 0 0 rg BT 308.06 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 319.63 703.95 Td (participate ) Tj ET Q
q 0 0 0 rg BT 367.34 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 378.91 703.95 Td (15% ) Tj ET Q
q 0 0 0 rg BT 401.56 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 413.71 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 429.95 703.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 458.42 703.95 Td (growth ) Tj ET Q
q 0 0 0 rg BT 491.57 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 503.72 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 519.96 703.95 Td (respective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (af) Tj ET Q
q 0 0 0 rg BT 57.47 691.35 Td (filiate's ) Tj ET Q
q 0 0 0 rg BT 90.56 691.35 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 134.58 691.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 159.94 691.35 Td (\(subject ) Tj ET Q
q 0 0 0 rg BT 195.81 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 206.60 691.35 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 257.04 691.35 Td (discounts\). ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 666.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.89 666.15 Td (determine ) Tj ET Q
q 0 0 0 rg BT 110.54 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 126.03 666.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 143.26 666.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 168.66 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.07 666.15 Td (option-like ) Tj ET Q
q 0 0 0 rg BT 228.81 666.15 Td (af) Tj ET Q
q 0 0 0 rg BT 236.78 666.15 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 263.93 666.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 320.23 666.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 349.14 666.15 Td (plan ) Tj ET Q
q 0 0 0 rg BT 369.88 666.15 Td (grants ) Tj ET Q
q 0 0 0 rg BT 398.20 666.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 423.62 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 439.11 666.15 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 502.43 666.15 Td (option-pricing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (model, ) Tj ET Q
q 0 0 0 rg BT 80.77 653.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 112.92 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 123.48 653.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 141.04 653.55 Td (post-vesting ) Tj ET Q
q 0 0 0 rg BT 194.78 653.55 Td (illiquidity ) Tj ET Q
q 0 0 0 rg BT 238.60 653.55 Td (discounts, ) Tj ET Q
q 0 0 0 rg BT 283.30 653.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 311.36 653.55 Td (requires ) Tj ET Q
q 0 0 0 rg BT 347.58 653.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 403.62 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 414.19 653.55 Td (develop ) Tj ET Q
q 0 0 0 rg BT 449.83 653.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 491.31 653.55 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 533.94 653.55 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (input ) Tj ET Q
q 0 0 0 rg BT 74.20 640.95 Td (variables. ) Tj ET Q
q 0 0 0 rg BT 117.62 640.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 137.07 640.95 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 165.86 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 181.22 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.16 640.95 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 260.94 640.95 Td (model ) Tj ET Q
q 0 0 0 rg BT 290.30 640.95 Td (include: ) Tj ET Q
q 0 0 0 rg BT 327.24 640.95 Td (baseline ) Tj ET Q
q 0 0 0 rg BT 364.77 640.95 Td (value, ) Tj ET Q
q 0 0 0 rg BT 393.25 640.95 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 433.11 640.95 Td (yield, ) Tj ET Q
q 0 0 0 rg BT 459.85 640.95 Td (volatility) Tj ET Q
q 0 0 0 rg BT 497.08 640.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 502.83 640.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 543.26 640.95 Td (term ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.65 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.48 628.35 Td (risk-free ) Tj ET Q
q 0 0 0 rg BT 122.03 628.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 155.93 628.35 Td (rate, ) Tj ET Q
q 0 0 0 rg BT 177.29 628.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 190.78 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.52 628.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 231.17 628.35 Td (require ) Tj ET Q
q 0 0 0 rg BT 263.90 628.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 305.97 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 317.71 628.35 Td (assumptions. ) Tj ET Q
q 0 0 0 rg BT 375.25 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 378.03 628.35 Td (W) Tj ET Q
q 0 0 0 rg BT 387.10 628.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 394.75 628.35 Td (calculate ) Tj ET Q
q 0 0 0 rg BT 435.05 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 450.88 628.35 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 490.62 628.35 Td (yield ) Tj ET Q
q 0 0 0 rg BT 514.60 628.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 541.51 628.35 Td (upon ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.74 615.75 Td (average ) Tj ET Q
q 0 0 0 rg BT 99.80 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 110.96 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 126.21 615.75 Td (historical ) Tj ET Q
q 0 0 0 rg BT 167.70 615.75 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 208.01 615.75 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 247.17 615.75 Td (payments ) Tj ET Q
q 0 0 0 rg BT 289.83 615.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 310.91 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 317.98 615.75 Td (term ) Tj ET Q
q 0 0 0 rg BT 339.64 615.75 Td (equal ) Tj ET Q
q 0 0 0 rg BT 364.79 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 375.38 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.62 615.75 Td (expected ) Tj ET Q
q 0 0 0 rg BT 430.35 615.75 Td (life ) Tj ET Q
q 0 0 0 rg BT 446.76 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 457.92 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 473.16 615.75 Td (options. ) Tj ET Q
q 0 0 0 rg BT 509.13 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 511.37 615.75 Td (W) Tj ET Q
q 0 0 0 rg BT 520.44 615.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 527.51 615.75 Td (estimate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 90.44 603.15 Td (equally ) Tj ET Q
q 0 0 0 rg BT 124.37 603.15 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 165.89 603.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 203.89 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 219.75 603.15 Td (historical ) Tj ET Q
q 0 0 0 rg BT 261.85 603.15 Td (prices ) Tj ET Q
q 0 0 0 rg BT 289.94 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 301.71 603.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 318.73 603.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 343.92 603.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 365.61 603.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 373.29 603.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 403.14 603.15 Td (equal ) Tj ET Q
q 0 0 0 rg BT 428.91 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 440.10 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 455.95 603.15 Td (expected ) Tj ET Q
q 0 0 0 rg BT 496.29 603.15 Td (life ) Tj ET Q
q 0 0 0 rg BT 513.30 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 525.07 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 540.93 603.15 Td (grant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.34 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.84 590.55 Td (implied ) Tj ET Q
q 0 0 0 rg BT 117.60 590.55 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 158.19 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 169.61 590.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 201.44 590.55 Td (listed ) Tj ET Q
q 0 0 0 rg BT 226.87 590.55 Td (options ) Tj ET Q
q 0 0 0 rg BT 260.47 590.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 270.72 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.22 590.55 Td (date ) Tj ET Q
q 0 0 0 rg BT 306.39 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 317.81 590.55 Td (grant. ) Tj ET Q
q 0 0 0 rg BT 344.69 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 347.17 590.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 366.17 590.55 Td (expected ) Tj ET Q
q 0 0 0 rg BT 406.16 590.55 Td (life ) Tj ET Q
q 0 0 0 rg BT 422.83 590.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 432.51 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.01 590.55 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 490.93 590.55 Td (length ) Tj ET Q
q 0 0 0 rg BT 519.85 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 531.27 590.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 552.61 590.55 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (option ) Tj ET Q
q 0 0 0 rg BT 78.73 577.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 97.46 577.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 109.76 577.95 Td (held ) Tj ET Q
q 0 0 0 rg BT 130.23 577.95 Td (before ) Tj ET Q
q 0 0 0 rg BT 159.44 577.95 Td (it ) Tj ET Q
q 0 0 0 rg BT 167.67 577.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 177.06 577.95 Td (either ) Tj ET Q
q 0 0 0 rg BT 203.36 577.95 Td (exercised ) Tj ET Q
q 0 0 0 rg BT 245.40 577.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 256.54 577.95 Td (canceled, ) Tj ET Q
q 0 0 0 rg BT 298.27 577.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 324.58 577.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 347.97 577.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 364.36 577.95 Td (historical ) Tj ET Q
q 0 0 0 rg BT 405.83 577.95 Td (option ) Tj ET Q
q 0 0 0 rg BT 435.05 577.95 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 471.84 577.95 Td (experience. ) Tj ET Q
q 0 0 0 rg BT 522.32 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 524.54 577.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 543.26 577.95 Td (risk-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (free ) Tj ET Q
q 0 0 0 rg BT 68.42 565.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 101.93 565.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 120.26 565.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 129.87 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.30 565.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 163.64 565.35 Td (available ) Tj ET Q
q 0 0 0 rg BT 204.13 565.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 218.98 565.35 Td (zero-coupon ) Tj ET Q
q 0 0 0 rg BT 274.06 565.35 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 295.33 565.35 Td (Government ) Tj ET Q
q 0 0 0 rg BT 350.42 565.35 Td (issues ) Tj ET Q
q 0 0 0 rg BT 378.11 565.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 399.38 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 406.64 565.35 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 451.81 565.35 Td (term ) Tj ET Q
q 0 0 0 rg BT 473.66 565.35 Td (equal ) Tj ET Q
q 0 0 0 rg BT 499.00 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 509.77 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.20 565.35 Td (expected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (life ) Tj ET Q
q 0 0 0 rg BT 66.24 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 77.74 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.32 552.75 Td (options ) Tj ET Q
q 0 0 0 rg BT 126.99 552.75 Td (being ) Tj ET Q
q 0 0 0 rg BT 153.06 552.75 Td (valued. ) Tj ET Q
q 0 0 0 rg BT 186.43 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 189.18 552.75 Td (If ) Tj ET Q
q 0 0 0 rg BT 198.92 552.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 213.91 552.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 235.91 552.75 Td (dif) Tj ET Q
q 0 0 0 rg BT 247.38 552.75 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 274.62 552.75 Td (methods ) Tj ET Q
q 0 0 0 rg BT 312.95 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 323.86 552.75 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 361.60 552.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 378.35 552.75 Td (variables ) Tj ET Q
q 0 0 0 rg BT 419.00 552.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 433.99 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 449.57 552.75 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 512.97 552.75 Td (model, ) Tj ET Q
q 0 0 0 rg BT 544.59 552.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 556.09 552.75 Td (if ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 64.39 540.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 86.27 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 93.58 540.15 Td (dif) Tj ET Q
q 0 0 0 rg BT 105.05 540.15 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 132.17 540.15 Td (type ) Tj ET Q
q 0 0 0 rg BT 152.89 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.28 540.15 Td (option-pricing ) Tj ET Q
q 0 0 0 rg BT 227.00 540.15 Td (model, ) Tj ET Q
q 0 0 0 rg BT 258.51 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 273.98 540.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 291.19 540.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 316.57 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.96 540.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 344.60 540.15 Td (option ) Tj ET Q
q 0 0 0 rg BT 374.08 540.15 Td (grants ) Tj ET Q
q 0 0 0 rg BT 402.38 540.15 Td (might ) Tj ET Q
q 0 0 0 rg BT 429.52 540.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 442.07 540.15 Td (dif) Tj ET Q
q 0 0 0 rg BT 453.55 540.15 Td (ferent. ) Tj ET Q
q 0 0 0 rg BT 483.30 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 485.94 540.15 Td (However) Tj ET Q
q 0 0 0 rg BT 524.00 540.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 529.27 540.15 Td (because ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 65.74 527.55 Td (af) Tj ET Q
q 0 0 0 rg BT 73.71 527.55 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 104.52 527.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 119.59 527.55 Td (private ) Tj ET Q
q 0 0 0 rg BT 150.98 527.55 Td (companies ) Tj ET Q
q 0 0 0 rg BT 198.13 527.55 Td (without ) Tj ET Q
q 0 0 0 rg BT 232.46 527.55 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 263.28 527.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 287.69 527.55 Td (prices, ) Tj ET Q
q 0 0 0 rg BT 317.63 527.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 332.11 527.55 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 360.60 527.55 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 408.33 527.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 429.23 527.55 Td (flow ) Tj ET Q
q 0 0 0 rg BT 450.72 527.55 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 488.54 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 505.94 527.55 Td (market-based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (valuations, ) Tj ET Q
q 0 0 0 rg BT 97.19 514.95 Td (similar ) Tj ET Q
q 0 0 0 rg BT 128.27 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 138.35 514.95 Td (those ) Tj ET Q
q 0 0 0 rg BT 162.42 514.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 204.58 514.95 Td (above ) Tj ET Q
q 0 0 0 rg BT 231.56 514.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 257.38 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.11 514.95 Td (heading ) Tj ET Q
q 0 0 0 rg BT 307.26 514.95 Td (�Intangible ) Tj ET Q
q 0 0 0 rg BT 355.98 514.95 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 385.31 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 402.38 514.95 Td (Goodwill�, ) Tj ET Q
q 0 0 0 rg BT 451.24 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 461.32 514.95 Td (determine ) Tj ET Q
q 0 0 0 rg BT 505.21 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 519.95 514.95 Td (respective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 87.71 502.35 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 131.73 502.35 Td (values, ) Tj ET Q
q 0 0 0 rg BT 163.81 502.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 196.18 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 206.97 502.35 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 257.40 502.35 Td (discounts ) Tj ET Q
q 0 0 0 rg BT 299.70 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 314.57 502.35 Td (lack ) Tj ET Q
q 0 0 0 rg BT 334.68 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 346.05 502.35 Td (control ) Tj ET Q
q 0 0 0 rg BT 378.42 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 396.20 502.35 Td (marketability) Tj ET Q
q 0 0 0 rg BT 451.51 502.35 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.07 477.15 Td (additional ) Tj ET Q
q 0 0 0 rg BT 110.05 477.15 Td (information ) Tj ET Q
q 0 0 0 rg BT 161.61 477.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 174.10 477.15 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 225.65 477.15 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 288.59 477.15 Td (see ) Tj ET Q
q 0 0 0 rg BT 303.98 477.15 Td (Notes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 330.47 477.15 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 335.72 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 337.70 477.15 Td (and�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.49 477.15 Td (12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.99 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.98 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.71 477.15 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 405.19 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 415.35 477.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 472.75 477.15 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 513.81 477.15 Td (Statements.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (Noncontr) Tj ET Q
q 0 0 0 rg BT 91.89 451.95 Td (olling ) Tj ET Q
q 0 0 0 rg BT 119.61 451.95 Td (Inter) Tj ET Q
q 0 0 0 rg BT 142.16 451.95 Td (ests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (Noncontrolling ) Tj ET Q
q 0 0 0 rg BT 115.48 439.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 152.29 439.35 Td (include ) Tj ET Q
q 0 0 0 rg BT 185.02 439.35 Td (af) Tj ET Q
q 0 0 0 rg BT 192.98 439.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 219.29 439.35 Td (minority ) Tj ET Q
q 0 0 0 rg BT 257.28 439.35 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 296.71 439.35 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 343.43 439.35 Td (investor ) Tj ET Q
q 0 0 0 rg BT 379.08 439.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 407.15 439.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 417.13 439.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 472.02 439.35 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 516.42 439.35 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (products, ) Tj ET Q
q 0 0 0 rg BT 91.00 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.87 426.75 Td (vested ) Tj ET Q
q 0 0 0 rg BT 138.40 426.75 Td (af) Tj ET Q
q 0 0 0 rg BT 146.37 426.75 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 173.57 426.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 229.93 426.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 258.88 426.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 279.67 426.75 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 320.00 426.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 322.71 426.75 Td (Noncontrolling ) Tj ET Q
q 0 0 0 rg BT 389.58 426.75 Td (interests ) Tj ET Q
q 0 0 0 rg BT 427.29 426.75 Td (where ) Tj ET Q
q 0 0 0 rg BT 455.65 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 471.19 426.75 Td (holder ) Tj ET Q
q 0 0 0 rg BT 500.72 426.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 521.51 426.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 534.14 426.75 Td (able ) Tj ET Q
q 0 0 0 rg BT 554.33 426.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (request ) Tj ET Q
q 0 0 0 rg BT 81.68 414.15 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 126.69 414.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 141.37 414.15 Td (classified ) Tj ET Q
q 0 0 0 rg BT 182.88 414.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 193.48 414.15 Td (redeemable ) Tj ET Q
q 0 0 0 rg BT 243.73 414.15 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 307.41 414.15 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 346.89 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 363.90 414.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 378.58 414.15 Td (reported ) Tj ET Q
q 0 0 0 rg BT 415.42 414.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 424.85 414.15 Td (their ) Tj ET Q
q 0 0 0 rg BT 445.95 414.15 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 488.05 414.15 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 533.06 414.15 Td (values, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (except ) Tj ET Q
q 0 0 0 rg BT 80.70 401.55 Td (when ) Tj ET Q
q 0 0 0 rg BT 107.24 401.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 130.28 401.55 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 177.24 401.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 207.86 401.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 224.48 401.55 Td (less ) Tj ET Q
q 0 0 0 rg BT 244.02 401.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 265.90 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 282.53 401.55 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 321.90 401.55 Td (value, ) Tj ET Q
q 0 0 0 rg BT 351.06 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 367.68 401.55 Td (reported ) Tj ET Q
q 0 0 0 rg BT 406.46 401.55 Td (amount ) Tj ET Q
q 0 0 0 rg BT 441.76 401.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 452.56 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 469.19 401.55 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 508.56 401.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 537.44 401.55 Td (When ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 95.77 388.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 105.88 388.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 122.41 388.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 162.82 388.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 174.10 388.95 Td (occur ) Tj ET Q
q 0 0 0 rg BT 200.53 388.95 Td (until ) Tj ET Q
q 0 0 0 rg BT 222.89 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 230.66 388.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 258.84 388.95 Td (date, ) Tj ET Q
q 0 0 0 rg BT 282.06 388.95 Td (changes ) Tj ET Q
q 0 0 0 rg BT 318.99 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 330.27 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 346.21 388.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 386.63 388.95 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 432.89 388.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 462.83 388.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 478.75 388.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 527.92 388.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 549.69 388.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 95.42 376.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 125.01 376.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 136.53 376.35 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 189.46 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 200.39 376.35 Td (retained ) Tj ET Q
q 0 0 0 rg BT 236.98 376.35 Td (earnings. ) Tj ET Q
q 0 0 0 rg BT 277.94 376.35 Td (Nonredeemable ) Tj ET Q
q 0 0 0 rg BT 347.17 376.35 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 411.77 376.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 449.53 376.35 Td (do ) Tj ET Q
q 0 0 0 rg BT 462.80 376.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 478.98 376.35 Td (permit ) Tj ET Q
q 0 0 0 rg BT 509.16 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 524.75 376.35 Td (holder ) Tj ET Q
q 0 0 0 rg BT 554.34 376.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (request ) Tj ET Q
q 0 0 0 rg BT 83.86 363.75 Td (settlement, ) Tj ET Q
q 0 0 0 rg BT 133.67 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 152.87 363.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 169.72 363.75 Td (reported ) Tj ET Q
q 0 0 0 rg BT 208.74 363.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 220.35 363.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 243.63 363.75 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 283.24 363.75 Td (value, ) Tj ET Q
q 0 0 0 rg BT 312.64 363.75 Td (together ) Tj ET Q
q 0 0 0 rg BT 351.07 363.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 373.78 363.75 Td (undistributed ) Tj ET Q
q 0 0 0 rg BT 433.23 363.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 450.09 363.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 485.03 363.75 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 512.40 363.75 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 554.33 363.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 113.95 351.15 Td (interests.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 325.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.62 325.95 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 103.00 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.23 325.95 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 163.77 325.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 188.91 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 200.05 325.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 264.27 325.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 301.65 325.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 312.79 325.95 Td (their ) Tj ET Q
q 0 0 0 rg BT 334.43 325.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 351.39 325.95 Td (value. ) Tj ET Q
q 0 0 0 rg BT 379.15 325.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 381.01 325.95 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 421.91 325.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 436.55 325.95 Td (af) Tj ET Q
q 0 0 0 rg BT 444.52 325.95 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 471.40 325.95 Td (minority ) Tj ET Q
q 0 0 0 rg BT 509.96 325.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 547.34 325.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (af) Tj ET Q
q 0 0 0 rg BT 57.47 313.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 84.76 313.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 141.20 313.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 170.25 313.35 Td (plan ) Tj ET Q
q 0 0 0 rg BT 191.13 313.35 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 231.55 313.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 240.76 313.35 Td (reported ) Tj ET Q
q 0 0 0 rg BT 278.54 313.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 288.92 313.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 306.29 313.35 Td (value, ) Tj ET Q
q 0 0 0 rg BT 334.46 313.35 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 364.07 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.70 313.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 411.06 313.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 432.53 313.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 470.92 313.35 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 515.11 313.35 Td (value, ) Tj ET Q
q 0 0 0 rg BT 543.28 313.35 Td (after ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 100.41 300.75 Td (discounts ) Tj ET Q
q 0 0 0 rg BT 143.18 300.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 158.53 300.75 Td (lack ) Tj ET Q
q 0 0 0 rg BT 179.12 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.97 300.75 Td (marketability ) Tj ET Q
q 0 0 0 rg BT 250.06 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 268.32 300.75 Td (control. ) Tj ET Q
q 0 0 0 rg BT 303.79 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 306.67 300.75 Td (There ) Tj ET Q
q 0 0 0 rg BT 334.26 300.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 355.44 300.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 375.46 300.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 388.47 300.75 Td (features ) Tj ET Q
q 0 0 0 rg BT 424.80 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 436.65 300.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 461.33 300.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 490.68 300.75 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 531.40 300.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 553.75 300.75 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 89.46 288.15 Td (subordination, ) Tj ET Q
q 0 0 0 rg BT 153.04 288.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 172.00 288.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 188.02 288.15 Td (contemplated ) Tj ET Q
q 0 0 0 rg BT 247.80 288.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 259.18 288.15 Td (their ) Tj ET Q
q 0 0 0 rg BT 281.63 288.15 Td (valuations. ) Tj ET Q
q 0 0 0 rg BT 330.63 288.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 333.60 288.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 353.14 288.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 370.92 288.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 396.87 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 408.83 288.15 Td (option-like ) Tj ET Q
q 0 0 0 rg BT 458.12 288.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 514.97 288.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 544.43 288.15 Td (plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 86.08 275.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 104.58 275.55 Td (relies ) Tj ET Q
q 0 0 0 rg BT 128.90 275.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 140.98 275.55 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 203.22 275.55 Td (option ) Tj ET Q
q 0 0 0 rg BT 231.64 275.55 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 262.97 275.55 Td (model ) Tj ET Q
q 0 0 0 rg BT 290.80 275.55 Td (calculations, ) Tj ET Q
q 0 0 0 rg BT 345.16 275.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 355.49 275.55 Td (noted ) Tj ET Q
q 0 0 0 rg BT 380.40 275.55 Td (above. ) Tj ET Q
q 0 0 0 rg BT 409.68 275.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 411.27 275.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 427.44 275.55 Td (af) Tj ET Q
q 0 0 0 rg BT 435.41 275.55 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 461.48 275.55 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 524.89 275.55 Td (interests, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 99.00 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 110.00 262.95 Td (acquisition, ) Tj ET Q
q 0 0 0 rg BT 161.54 262.95 Td (business ) Tj ET Q
q 0 0 0 rg BT 199.96 262.95 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 244.20 262.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 273.86 262.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 289.51 262.95 Td (derived ) Tj ET Q
q 0 0 0 rg BT 323.84 262.95 Td (using ) Tj ET Q
q 0 0 0 rg BT 349.43 262.95 Td (various ) Tj ET Q
q 0 0 0 rg BT 383.17 262.95 Td (methods, ) Tj ET Q
q 0 0 0 rg BT 424.22 262.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 466.72 262.95 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 515.05 262.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 536.54 262.95 Td (flows, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (guideline ) Tj ET Q
q 0 0 0 rg BT 90.25 250.35 Td (public ) Tj ET Q
q 0 0 0 rg BT 118.16 250.35 Td (company ) Tj ET Q
q 0 0 0 rg BT 158.32 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 175.15 250.35 Td (guideline ) Tj ET Q
q 0 0 0 rg BT 215.90 250.35 Td (public ) Tj ET Q
q 0 0 0 rg BT 243.82 250.35 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 291.56 250.35 Td (methods. ) Tj ET Q
q 0 0 0 rg BT 331.43 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 332.98 250.35 Td (W) Tj ET Q
q 0 0 0 rg BT 342.05 250.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 348.39 250.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 368.14 250.35 Td (engage ) Tj ET Q
q 0 0 0 rg BT 399.54 250.35 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 446.11 250.35 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 486.86 250.35 Td (experts ) Tj ET Q
q 0 0 0 rg BT 518.85 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 528.69 250.35 Td (perform ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (independent ) Tj ET Q
q 0 0 0 rg BT 103.76 237.75 Td (determinations ) Tj ET Q
q 0 0 0 rg BT 169.11 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.80 237.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 198.31 237.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 224.00 237.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 235.69 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 246.80 237.75 Td (review ) Tj ET Q
q 0 0 0 rg BT 278.31 237.75 Td (internally ) Tj ET Q
q 0 0 0 rg BT 321.50 237.75 Td (prepared ) Tj ET Q
q 0 0 0 rg BT 361.16 237.75 Td (valuations, ) Tj ET Q
q 0 0 0 rg BT 409.89 237.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 421.59 237.75 Td (appropriate, ) Tj ET Q
q 0 0 0 rg BT 474.96 237.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 501.82 237.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 515.26 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.03 237.75 Td (relative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (significance ) Tj ET Q
q 0 0 0 rg BT 103.58 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 115.68 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 131.85 225.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 163.77 225.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 202.70 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 221.21 225.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 253.13 225.15 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 303.12 225.15 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 350.22 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 368.73 225.15 Td (changes ) Tj ET Q
q 0 0 0 rg BT 405.90 225.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 417.42 225.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 459.85 225.15 Td (inputs. ) Tj ET Q
q 0 0 0 rg BT 491.49 225.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 509.43 225.15 Td (consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 94.21 212.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 142.41 212.55 Td (products, ) Tj ET Q
q 0 0 0 rg BT 183.33 212.55 Td (where ) Tj ET Q
q 0 0 0 rg BT 211.11 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 226.06 212.55 Td (investor ) Tj ET Q
q 0 0 0 rg BT 262.02 212.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 282.23 212.55 Td (request ) Tj ET Q
q 0 0 0 rg BT 314.67 212.55 Td (withdrawal ) Tj ET Q
q 0 0 0 rg BT 364.04 212.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 373.75 212.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 391.03 212.55 Td (time, ) Tj ET Q
q 0 0 0 rg BT 414.45 212.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 431.15 212.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 456.02 212.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 465.15 212.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 491.18 212.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 503.81 212.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 535.09 212.55 Td (quotes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.32 199.95 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 124.44 199.95 Td (securities ) Tj ET Q
q 0 0 0 rg BT 166.72 199.95 Td (held ) Tj ET Q
q 0 0 0 rg BT 187.42 199.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 200.55 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 216.00 199.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 264.70 199.95 Td (vehicles.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 85.18 174.75 Td (T) Tj ET Q
q 0 0 0 rg BT 91.22 174.75 Td (axes) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 162.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 64.83 162.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 79.25 162.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 110.59 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 120.36 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.79 162.15 Td (income ) Tj ET Q
q 0 0 0 rg BT 167.30 162.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 181.73 162.15 Td (laws ) Tj ET Q
q 0 0 0 rg BT 202.58 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 212.92 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 227.35 162.15 Td (federal, ) Tj ET Q
q 0 0 0 rg BT 260.72 162.15 Td (state ) Tj ET Q
q 0 0 0 rg BT 281.57 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.33 162.15 Td (local ) Tj ET Q
q 0 0 0 rg BT 320.34 162.15 Td (jurisdictions ) Tj ET Q
q 0 0 0 rg BT 373.85 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 384.20 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 398.63 162.15 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 418.90 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 435.67 162.15 Td (numerous ) Tj ET Q
q 0 0 0 rg BT 478.68 162.15 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 510.60 162.15 Td (jurisdictions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.60 149.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 89.19 149.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 104.36 149.55 Td (operate. ) Tj ET Q
q 0 0 0 rg BT 140.81 149.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 143.53 149.55 Td (W) Tj ET Q
q 0 0 0 rg BT 152.60 149.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 160.19 149.55 Td (file ) Tj ET Q
q 0 0 0 rg BT 177.12 149.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 210.95 149.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 226.71 149.55 Td (returns ) Tj ET Q
q 0 0 0 rg BT 258.80 149.55 Td (representing ) Tj ET Q
q 0 0 0 rg BT 313.63 149.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 330.55 149.55 Td (filing ) Tj ET Q
q 0 0 0 rg BT 356.23 149.55 Td (positions ) Tj ET Q
q 0 0 0 rg BT 397.09 149.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 418.68 149.55 Td (each ) Tj ET Q
q 0 0 0 rg BT 440.85 149.55 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 477.59 149.55 Td (jurisdiction. ) Tj ET Q
q 0 0 0 rg BT 530.98 149.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 533.91 149.55 Td (Due ) Tj ET Q
q 0 0 0 rg BT 554.33 149.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.32 136.95 Td (inherent ) Tj ET Q
q 0 0 0 rg BT 100.72 136.95 Td (complexities ) Tj ET Q
q 0 0 0 rg BT 156.37 136.95 Td (arising ) Tj ET Q
q 0 0 0 rg BT 186.94 136.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 209.34 136.95 Td (conducting ) Tj ET Q
q 0 0 0 rg BT 257.99 136.95 Td (business ) Tj ET Q
q 0 0 0 rg BT 295.57 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.73 136.95 Td (being ) Tj ET Q
q 0 0 0 rg BT 338.05 136.95 Td (taxed ) Tj ET Q
q 0 0 0 rg BT 362.78 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 372.94 136.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 379.59 136.95 Td (substantial ) Tj ET Q
q 0 0 0 rg BT 426.50 136.95 Td (number ) Tj ET Q
q 0 0 0 rg BT 460.57 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 471.31 136.95 Td (jurisdictions, ) Tj ET Q
q 0 0 0 rg BT 527.84 136.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 542.08 136.95 Td (must ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (make ) Tj ET Q
q 0 0 0 rg BT 74.86 124.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 106.05 124.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 147.75 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 165.54 124.35 Td (judgments ) Tj ET Q
q 0 0 0 rg BT 211.91 124.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 222.70 124.35 Td (determining ) Tj ET Q
q 0 0 0 rg BT 276.07 124.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 292.69 124.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 326.22 124.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 341.67 124.35 Td (provision ) Tj ET Q
q 0 0 0 rg BT 383.97 124.35 Td (\(benefit\) ) Tj ET Q
q 0 0 0 rg BT 422.74 124.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 437.61 124.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 476.96 124.35 Td (statement ) Tj ET Q
q 0 0 0 rg BT 519.82 124.35 Td (purposes.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 101.75 Td (Substantially ) Tj ET Q
q 0 0 0 rg BT 106.83 101.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 119.82 101.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.07 101.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 147.56 101.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 185.03 101.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 200.36 101.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 227.35 101.75 Td (relate ) Tj ET Q
q 0 0 0 rg BT 253.16 101.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 263.83 101.75 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 285.00 101.75 Td (\(federal ) Tj ET Q
q 0 0 0 rg BT 320.13 101.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 337.79 101.75 Td (state\), ) Tj ET Q
q 0 0 0 rg BT 365.65 101.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 383.31 101.75 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 406.22 101.75 Td (taxing ) Tj ET Q
q 0 0 0 rg BT 434.96 101.75 Td (jurisdictions. ) Tj ET Q
q 0 0 0 rg BT 492.00 101.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 493.95 101.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 508.12 101.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.36 101.75 Td (March�31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 89.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 76.13 89.15 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 97.82 89.15 Td (federal ) Tj ET Q
q 0 0 0 rg BT 129.97 89.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 167.95 89.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 183.79 89.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 211.30 89.15 Td (aggregated ) Tj ET Q
q 0 0 0 rg BT 260.36 89.15 Td ($627�million, ) Tj ET Q
q 0 0 0 rg BT 319.96 89.15 Td (realization ) Tj ET Q
q 0 0 0 rg BT 367.28 89.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 379.04 89.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 407.71 89.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 417.72 89.15 Td (expected ) Tj ET Q
q 0 0 0 rg BT 458.04 89.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 469.22 89.15 Td (require ) Tj ET Q
q 0 0 0 rg BT 501.96 89.15 Td ($3.2 ) Tj ET Q
q 0 0 0 rg BT 523.34 89.15 Td (billion ) Tj ET Q
q 0 0 0 rg BT 553.77 89.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 76.55 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 70.85 76.55 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 109.10 76.55 Td (over ) Tj ET Q
q 0 0 0 rg BT 130.44 76.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.94 76.55 Td (next ) Tj ET Q
q 0 0 0 rg BT 166.70 76.55 Td (eight ) Tj ET Q
q 0 0 0 rg BT 190.38 76.55 Td (years, ) Tj ET Q
q 0 0 0 rg BT 217.83 76.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 229.26 76.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 257.60 76.55 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 320.93 76.55 Td ($349 ) Tj ET Q
q 0 0 0 rg BT 344.60 76.55 Td (million ) Tj ET Q
q 0 0 0 rg BT 377.62 76.55 Td (must ) Tj ET Q
q 0 0 0 rg BT 400.72 76.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 413.31 76.55 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 446.31 76.55 Td (sourced ) Tj ET Q
q 0 0 0 rg BT 481.64 76.55 Td (earnings. ) Tj ET Q
q 0 0 0 rg BT 522.52 76.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 525.20 76.55 Td (Deferred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 63.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 64.09 63.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 90.34 63.95 Td (generated ) Tj ET Q
q 0 0 0 rg BT 132.90 63.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 142.83 63.95 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 163.26 63.95 Td (jurisdictions ) Tj ET Q
q 0 0 0 rg BT 216.93 63.95 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 255.44 63.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 277.61 63.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 292.19 63.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 333.60 63.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 360.45 63.95 Td (generally ) Tj ET Q
q 0 0 0 rg BT 401.27 63.95 Td (expire ) Tj ET Q
q 0 0 0 rg BT 429.26 63.95 Td (20�years ) Tj ET Q
q 0 0 0 rg BT 466.30 63.95 Td (after ) Tj ET Q
q 0 0 0 rg BT 487.29 63.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 507.12 63.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 521.70 63.95 Td (generated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 51.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.99 51.35 Td (those ) Tj ET Q
q 0 0 0 rg BT 91.48 51.35 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 130.55 51.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 153.29 51.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 185.93 51.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 201.09 51.35 Td (credits ) Tj ET Q
q 0 0 0 rg BT 231.40 51.35 Td (generally ) Tj ET Q
q 0 0 0 rg BT 272.79 51.35 Td (expire ) Tj ET Q
q 0 0 0 rg BT 301.35 51.35 Td (10�years ) Tj ET Q
q 0 0 0 rg BT 338.96 51.35 Td (after ) Tj ET Q
q 0 0 0 rg BT 360.52 51.35 Td (they ) Tj ET Q
q 0 0 0 rg BT 380.92 51.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 396.07 51.35 Td (generated. ) Tj ET Q
q 0 0 0 rg BT 441.82 51.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 444.15 51.35 Td (Based ) Tj ET Q
q 0 0 0 rg BT 472.14 51.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 484.96 51.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 526.37 51.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 537.44 51.35 Td (future ) Tj ET Q
endstream
endobj
169 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 170 0 R>>
endobj
170 0 obj
<</Length 25123>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (82) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (taxable ) Tj ET Q
q 0 0 0 rg BT 82.54 741.75 Td (income, ) Tj ET Q
q 0 0 0 rg BT 118.79 741.75 Td (using ) Tj ET Q
q 0 0 0 rg BT 144.26 741.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 198.90 741.75 Td (similar ) Tj ET Q
q 0 0 0 rg BT 230.78 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 241.67 741.75 Td (those ) Tj ET Q
q 0 0 0 rg BT 266.55 741.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 288.52 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 299.40 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 316.12 741.75 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 356.17 741.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 407.30 741.75 Td (testing, ) Tj ET Q
q 0 0 0 rg BT 440.64 741.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 449.19 741.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 458.92 741.75 Td (more ) Tj ET Q
q 0 0 0 rg BT 483.21 741.75 Td (likely ) Tj ET Q
q 0 0 0 rg BT 509.84 741.75 Td (than ) Tj ET Q
q 0 0 0 rg BT 530.64 741.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 546.77 741.75 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 105.71 729.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 119.34 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.21 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.17 729.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 180.03 729.15 Td (federal ) Tj ET Q
q 0 0 0 rg BT 212.31 729.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 228.26 729.15 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 264.63 729.15 Td (relating ) Tj ET Q
q 0 0 0 rg BT 299.83 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 311.13 729.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 327.09 729.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 369.87 729.15 Td (losses ) Tj ET Q
q 0 0 0 rg BT 398.09 729.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 417.55 729.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 430.59 729.15 Td (realized. ) Tj ET Q
q 0 0 0 rg BT 469.57 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 472.48 729.15 Td (W) Tj ET Q
q 0 0 0 rg BT 481.97 729.15 Td (ith ) Tj ET Q
q 0 0 0 rg BT 496.18 729.15 Td (respect ) Tj ET Q
q 0 0 0 rg BT 529.04 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 540.34 729.15 Td (those ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 90.00 716.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 114.16 716.55 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 148.23 716.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 164.81 716.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 192.46 716.55 Td (carryforwards, ) Tj ET Q
q 0 0 0 rg BT 257.72 716.55 Td (it ) Tj ET Q
q 0 0 0 rg BT 267.31 716.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 278.06 716.55 Td (more ) Tj ET Q
q 0 0 0 rg BT 303.39 716.55 Td (likely ) Tj ET Q
q 0 0 0 rg BT 331.05 716.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 352.88 716.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 370.05 716.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 389.54 716.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 406.12 716.55 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 443.11 716.55 Td (relating ) Tj ET Q
q 0 0 0 rg BT 478.93 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 490.85 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.43 716.55 Td (utilization ) Tj ET Q
q 0 0 0 rg BT 553.75 716.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 112.87 703.95 Td ($2.4�million ) Tj ET Q
q 0 0 0 rg BT 166.92 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 178.38 703.95 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 211.42 703.95 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 235.72 703.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 247.18 703.95 Td (credits ) Tj ET Q
q 0 0 0 rg BT 277.89 703.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 296.94 703.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 313.07 703.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 325.70 703.95 Td (realized ) Tj ET Q
q 0 0 0 rg BT 361.64 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 379.52 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 386.90 703.95 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 428.69 703.95 Td (allowance ) Tj ET Q
q 0 0 0 rg BT 473.97 703.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 490.68 703.95 Td (been ) Tj ET Q
q 0 0 0 rg BT 513.22 703.95 Td (established. ) Tj ET Q
q 0 0 0 rg BT 565.13 703.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Further) Tj ET Q
q 0 0 0 rg BT 79.99 691.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 85.59 691.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 102.57 691.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 144.62 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 162.76 691.35 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 217.67 691.35 Td (do ) Tj ET Q
q 0 0 0 rg BT 231.14 691.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 247.54 691.35 Td (contemplate ) Tj ET Q
q 0 0 0 rg BT 301.83 691.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 338.63 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 349.78 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.58 691.35 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 412.31 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 424.03 691.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 448.59 691.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 480.15 691.35 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 507.92 691.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 536.56 691.35 Td (could, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 76.12 678.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 107.40 678.75 Td (circumstances, ) Tj ET Q
q 0 0 0 rg BT 172.21 678.75 Td (limit ) Tj ET Q
q 0 0 0 rg BT 194.76 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 211.47 678.75 Td (utilization ) Tj ET Q
q 0 0 0 rg BT 256.76 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 268.21 678.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 283.75 678.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 326.12 678.75 Td (loss ) Tj ET Q
q 0 0 0 rg BT 345.17 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 363.05 678.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 396.08 678.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 411.62 678.75 Td (credit ) Tj ET Q
q 0 0 0 rg BT 438.24 678.75 Td (benefits. ) Tj ET Q
q 0 0 0 rg BT 476.81 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 478.93 678.75 Td (Any ) Tj ET Q
q 0 0 0 rg BT 499.72 678.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 521.68 678.75 Td (limitation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (would ) Tj ET Q
q 0 0 0 rg BT 77.94 666.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 108.70 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.71 666.15 Td (timing ) Tj ET Q
q 0 0 0 rg BT 153.31 666.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 164.25 666.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 197.93 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 208.86 666.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 223.87 666.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 265.71 666.15 Td (loss ) Tj ET Q
q 0 0 0 rg BT 284.24 666.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 295.17 666.15 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 327.68 666.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 342.69 666.15 Td (credit ) Tj ET Q
q 0 0 0 rg BT 368.78 666.15 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 404.20 666.15 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 448.97 666.15 Td (realized ) Tj ET Q
q 0 0 0 rg BT 484.38 666.15 Td (before ) Tj ET Q
q 0 0 0 rg BT 513.38 666.15 Td (they ) Tj ET Q
q 0 0 0 rg BT 533.64 666.15 Td (expire.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 643.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.15 643.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 73.87 643.55 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 119.01 643.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 144.61 643.55 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 165.26 643.55 Td (state ) Tj ET Q
q 0 0 0 rg BT 186.48 643.55 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 223.44 643.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 238.24 643.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 264.72 643.55 Td (aggregated ) Tj ET Q
q 0 0 0 rg BT 312.76 643.55 Td ($238 ) Tj ET Q
q 0 0 0 rg BT 335.73 643.55 Td (million, ) Tj ET Q
q 0 0 0 rg BT 370.68 643.55 Td (of) Tj ET Q
q 0 0 0 rg BT 379.23 643.55 Td (fset ) Tj ET Q
q 0 0 0 rg BT 396.37 643.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 408.85 643.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 415.49 643.55 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 456.54 643.55 Td (allowance ) Tj ET Q
q 0 0 0 rg BT 501.08 643.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 511.81 643.55 Td ($92 ) Tj ET Q
q 0 0 0 rg BT 529.54 643.55 Td (million, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 630.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.84 630.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 91.43 630.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 133.69 630.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 165.44 630.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 176.79 630.95 Td (state ) Tj ET Q
q 0 0 0 rg BT 199.21 630.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 215.23 630.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 258.06 630.95 Td (loss ) Tj ET Q
q 0 0 0 rg BT 277.59 630.95 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 314.01 630.95 Td (generated ) Tj ET Q
q 0 0 0 rg BT 358.00 630.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 369.35 630.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 401.10 630.95 Td (jurisdictions ) Tj ET Q
q 0 0 0 rg BT 456.20 630.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 467.55 630.95 Td (cases ) Tj ET Q
q 0 0 0 rg BT 492.89 630.95 Td (where ) Tj ET Q
q 0 0 0 rg BT 521.73 630.95 Td (it ) Tj ET Q
q 0 0 0 rg BT 530.75 630.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 540.93 630.95 Td (more ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 618.35 Td (likely ) Tj ET Q
q 0 0 0 rg BT 76.61 618.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 95.55 618.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 120.33 618.35 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 156.76 618.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 176.30 618.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 192.91 618.35 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 238.69 618.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 251.79 618.35 Td (realized. ) Tj ET Q
q 0 0 0 rg BT 290.84 618.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 294.04 618.35 Td (Due ) Tj ET Q
q 0 0 0 rg BT 314.73 618.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 326.10 618.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.12 618.35 Td (variability ) Tj ET Q
q 0 0 0 rg BT 388.48 618.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 400.42 618.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 428.69 618.35 Td (state ) Tj ET Q
q 0 0 0 rg BT 451.13 618.35 Td (apportionment ) Tj ET Q
q 0 0 0 rg BT 515.56 618.35 Td (factors ) Tj ET Q
q 0 0 0 rg BT 547.33 618.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 605.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 77.20 605.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 85.16 605.75 Td (fective ) Tj ET Q
q 0 0 0 rg BT 116.35 605.75 Td (state ) Tj ET Q
q 0 0 0 rg BT 138.22 605.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 153.67 605.75 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 178.75 605.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 194.20 605.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 219.56 605.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.93 605.75 Td (state ) Tj ET Q
q 0 0 0 rg BT 252.80 605.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 268.25 605.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 310.53 605.75 Td (loss ) Tj ET Q
q 0 0 0 rg BT 329.50 605.75 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 365.36 605.75 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 410.56 605.75 Td (realized ) Tj ET Q
q 0 0 0 rg BT 446.41 605.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 467.12 605.75 Td (vary) Tj ET Q
q 0 0 0 rg BT 485.09 605.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 583.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.22 583.15 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 100.67 583.15 Td (jurisdictions, ) Tj ET Q
q 0 0 0 rg BT 158.34 583.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.30 583.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 190.26 583.15 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 229.53 583.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 240.83 583.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 283.03 583.15 Td (allowances ) Tj ET Q
q 0 0 0 rg BT 332.81 583.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.69 583.15 Td ($3.8 ) Tj ET Q
q 0 0 0 rg BT 366.20 583.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 399.67 583.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 410.96 583.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 436.84 583.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 460.97 583.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 480.43 583.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 522.63 583.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 554.33 583.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 570.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 83.21 570.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 105.25 570.55 Td (increases ) Tj ET Q
q 0 0 0 rg BT 147.70 570.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 159.85 570.55 Td (carried ) Tj ET Q
q 0 0 0 rg BT 192.96 570.55 Td (forward ) Tj ET Q
q 0 0 0 rg BT 230.17 570.55 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 254.56 570.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 289.44 570.55 Td (deductions ) Tj ET Q
q 0 0 0 rg BT 338.91 570.55 Td (of) Tj ET Q
q 0 0 0 rg BT 347.47 570.55 Td (fset ) Tj ET Q
q 0 0 0 rg BT 366.60 570.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 378.74 570.55 Td (part ) Tj ET Q
q 0 0 0 rg BT 399.04 570.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 413.52 570.55 Td (unrealized ) Tj ET Q
q 0 0 0 rg BT 461.22 570.55 Td (gains/losses ) Tj ET Q
q 0 0 0 rg BT 515.36 570.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 529.84 570.55 Td (pension ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 557.95 Td (liabilities.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 535.35 Td (T) Tj ET Q
q 0 0 0 rg BT 55.18 535.35 Td (o ) Tj ET Q
q 0 0 0 rg BT 63.22 535.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.83 535.35 Td (extent ) Tj ET Q
q 0 0 0 rg BT 107.27 535.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 124.06 535.35 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 160.67 535.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 172.21 535.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.82 535.35 Td (realization ) Tj ET Q
q 0 0 0 rg BT 234.92 535.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.45 535.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 284.21 535.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 299.82 535.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 327.11 535.35 Td (relies ) Tj ET Q
q 0 0 0 rg BT 352.63 535.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 365.92 535.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 403.68 535.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 419.29 535.35 Td (liabilities, ) Tj ET Q
q 0 0 0 rg BT 463.79 535.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 478.82 535.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 501.42 535.35 Td (considered ) Tj ET Q
q 0 0 0 rg BT 549.69 535.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 522.75 Td (timing, ) Tj ET Q
q 0 0 0 rg BT 82.40 522.75 Td (nature ) Tj ET Q
q 0 0 0 rg BT 111.49 522.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 129.50 522.75 Td (jurisdiction ) Tj ET Q
q 0 0 0 rg BT 180.19 522.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 191.79 522.75 Td (reversals, ) Tj ET Q
q 0 0 0 rg BT 234.59 522.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 246.19 522.75 Td (well ) Tj ET Q
q 0 0 0 rg BT 267.12 522.75 Td (as, ) Tj ET Q
q 0 0 0 rg BT 281.35 522.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 322.10 522.75 Td (planning ) Tj ET Q
q 0 0 0 rg BT 361.70 522.75 Td (strategies ) Tj ET Q
q 0 0 0 rg BT 404.21 522.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 415.23 522.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 440.82 522.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 458.84 522.75 Td (measure ) Tj ET Q
q 0 0 0 rg BT 496.67 522.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.35 522.75 Td (realizability ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 510.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.51 510.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 76.78 510.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 114.02 510.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 129.11 510.15 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 158.50 510.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 160.77 510.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 171.79 510.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.88 510.15 Td (event ) Tj ET Q
q 0 0 0 rg BT 211.89 510.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 226.40 510.15 Td (determine ) Tj ET Q
q 0 0 0 rg BT 270.65 510.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 283.41 510.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 294.42 510.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 311.85 510.15 Td (portion ) Tj ET Q
q 0 0 0 rg BT 344.45 510.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.47 510.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 371.73 510.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 408.97 510.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 424.07 510.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 450.83 510.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 468.84 510.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 483.93 510.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 499.61 510.15 Td (already ) Tj ET Q
q 0 0 0 rg BT 532.78 510.15 Td (subject ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 497.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.02 497.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 67.03 497.55 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 108.45 497.55 Td (allowance ) Tj ET Q
q 0 0 0 rg BT 153.36 497.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 168.53 497.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 184.30 497.55 Td (realizable, ) Tj ET Q
q 0 0 0 rg BT 230.07 497.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 244.67 497.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 263.35 497.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 275.61 497.55 Td (required ) Tj ET Q
q 0 0 0 rg BT 312.94 497.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 323.46 497.55 Td (establish ) Tj ET Q
q 0 0 0 rg BT 362.56 497.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 369.57 497.55 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 410.99 497.55 Td (allowance ) Tj ET Q
q 0 0 0 rg BT 455.90 497.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 468.75 497.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 475.76 497.55 Td (char) Tj ET Q
q 0 0 0 rg BT 493.64 497.55 Td (ge ) Tj ET Q
q 0 0 0 rg BT 505.90 497.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 516.42 497.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.59 497.55 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 484.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 64.83 484.95 Td (provision ) Tj ET Q
q 0 0 0 rg BT 107.01 484.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 117.68 484.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.02 484.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 162.35 484.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 173.02 484.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 201.19 484.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 219.44 484.95 Td (determination ) Tj ET Q
q 0 0 0 rg BT 280.26 484.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 289.77 484.95 Td (made. ) Tj ET Q
q 0 0 0 rg BT 317.64 484.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 319.96 484.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 338.79 484.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 368.13 484.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 379.38 484.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 395.88 484.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 433.36 484.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 448.69 484.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 475.70 484.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 491.02 484.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 517.43 484.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 530.44 484.95 Td (enacted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 472.35 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 92.33 472.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 108.35 472.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 131.35 472.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 146.79 472.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.80 472.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 191.06 472.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 221.07 472.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 232.43 472.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 261.28 472.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 277.29 472.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 293.31 472.35 Td (attributes ) Tj ET Q
q 0 0 0 rg BT 335.57 472.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 351.57 472.35 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 400.82 472.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 412.18 472.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 425.28 472.35 Td (realized. ) Tj ET Q
q 0 0 0 rg BT 464.31 472.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 467.50 472.35 Td (Legislative ) Tj ET Q
q 0 0 0 rg BT 517.34 472.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 554.35 472.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 459.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 73.91 459.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 96.57 459.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 125.66 459.75 Td (require ) Tj ET Q
q 0 0 0 rg BT 158.23 459.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 165.72 459.75 Td (re-measurement ) Tj ET Q
q 0 0 0 rg BT 236.19 459.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 247.77 459.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 264.61 459.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 302.41 459.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 318.08 459.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 345.41 459.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 356.42 459.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 372.08 459.75 Td (period ) Tj ET Q
q 0 0 0 rg BT 401.74 459.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 413.33 459.75 Td (enactment. ) Tj ET Q
q 0 0 0 rg BT 461.93 459.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 464.77 459.75 Td (Depending ) Tj ET Q
q 0 0 0 rg BT 513.68 459.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 527.01 459.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 542.68 459.75 Td (facts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 447.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 447.15 Td (circumstances, ) Tj ET Q
q 0 0 0 rg BT 132.01 447.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.46 447.15 Td (char) Tj ET Q
q 0 0 0 rg BT 165.34 447.15 Td (ge ) Tj ET Q
q 0 0 0 rg BT 177.88 447.15 Td (could ) Tj ET Q
q 0 0 0 rg BT 203.83 447.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 216.37 447.15 Td (material ) Tj ET Q
q 0 0 0 rg BT 253.39 447.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 264.18 447.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 280.80 447.15 Td (earnings.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 424.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.22 424.55 Td (calculation ) Tj ET Q
q 0 0 0 rg BT 118.69 424.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.83 424.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 148.23 424.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 164.46 424.55 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 206.94 424.55 Td (involves ) Tj ET Q
q 0 0 0 rg BT 245.92 424.55 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 302.96 424.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 314.53 424.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.76 424.55 Td (application ) Tj ET Q
q 0 0 0 rg BT 380.81 424.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 392.95 424.55 Td (complex ) Tj ET Q
q 0 0 0 rg BT 432.51 424.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 448.74 424.55 Td (regulations. ) Tj ET Q
q 0 0 0 rg BT 501.42 424.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 504.57 424.55 Td (W) Tj ET Q
q 0 0 0 rg BT 513.64 424.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 521.70 424.55 Td (recognize ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 411.95 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 91.31 411.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 106.28 411.95 Td (anticipated ) Tj ET Q
q 0 0 0 rg BT 155.07 411.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 170.63 411.95 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 227.00 411.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 237.90 411.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.46 411.95 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 274.86 411.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.75 411.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 317.05 411.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 332.61 411.95 Td (jurisdictions ) Tj ET Q
q 0 0 0 rg BT 387.26 411.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 413.89 411.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 427.12 411.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 443.85 411.95 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 481.57 411.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.04 411.95 Td (whether) Tj ET Q
q 0 0 0 rg BT 526.44 411.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 531.79 411.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.68 411.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 399.35 Td (extent ) Tj ET Q
q 0 0 0 rg BT 77.78 399.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 88.57 399.35 Td (which, ) Tj ET Q
q 0 0 0 rg BT 119.48 399.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 164.10 399.35 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 188.30 399.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 207.26 399.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 219.80 399.35 Td (due.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.75 Td (RECENT) Tj ET Q
q 0 0 0 rg BT 93.57 376.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 95.62 376.75 Td (ACCOUNTING ) Tj ET Q
q 0 0 0 rg BT 171.16 376.75 Td (DEVELOPMENTS) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 364.15 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.79 364.15 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 114.17 364.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.54 364.15 Td (Recent ) Tj ET Q
q 0 0 0 rg BT 156.74 364.15 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 208.35 364.15 Td (Developments ) Tj ET Q
q 0 0 0 rg BT 271.63 364.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 282.42 364.15 Td (Note�1 ) Tj ET Q
q 0 0 0 rg BT 313.33 364.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 324.70 364.15 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 351.83 364.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 362.62 364.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 420.66 364.15 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 462.36 364.15 Td (Statements.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 339.55 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 339.55 Td (7A. ) Tj ET Q
q 0 0 0 rg BT 98.21 339.55 Td (QUANTIT) Tj ET Q
q 0 0 0 rg BT 146.44 339.55 Td (A) Tj ET Q
q 0 0 0 rg BT 153.25 339.55 Td (TIVE ) Tj ET Q
q 0 0 0 rg BT 180.97 339.55 Td (AND ) Tj ET Q
q 0 0 0 rg BT 206.34 339.55 Td (QUALIT) Tj ET Q
q 0 0 0 rg BT 246.99 339.55 Td (A) Tj ET Q
q 0 0 0 rg BT 253.79 339.55 Td (TIVE ) Tj ET Q
q 0 0 0 rg BT 282.09 339.55 Td (DISCLOSURES ) Tj ET Q
q 0 0 0 rg BT 358.25 339.55 Td (ABOUT) Tj ET Q
q 0 0 0 rg BT 395.40 339.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 398.03 339.55 Td (MARKET) Tj ET Q
q 0 0 0 rg BT 445.09 339.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 447.72 339.55 Td (RISK.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 314.35 Td (See "Item 7. Management's Discussion and ) Tj ET Q
q 0 0 0 rg BT 233.28 314.35 Td (Analysis of Financial Condition and Results of Operations - Market Risk" for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 301.75 Td (disclosures about market risk. ) Tj ET Q
endstream
endobj
171 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 172 0 R>>
endobj
172 0 obj
<</Length 20235>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (83) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (ITEM 8.  FINANCIAL) Tj ET Q
q 0 0 0 rg BT 152.68 741.90 Td ( ST) Tj ET Q
q 0 0 0 rg BT 167.37 741.90 Td (A) Tj ET Q
q 0 0 0 rg BT 174.17 741.90 Td (TEMENTS ) Tj ET Q
q 0 0 0 rg BT 227.57 741.90 Td (AND SUPPLEMENT) Tj ET Q
q 0 0 0 rg BT 323.92 741.90 Td (AR) Tj ET Q
q 0 0 0 rg BT 338.72 741.90 Td (Y) Tj ET Q
q 0 0 0 rg BT 345.91 741.90 Td ( DA) Tj ET Q
q 0 0 0 rg BT 362.92 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 369.15 741.90 Td (A.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 225.90 716.70 Td (REPOR) Tj ET Q
q 0 0 0 rg BT 262.28 716.70 Td (T) Tj ET Q
q 0 0 0 rg BT 269.10 716.70 Td ( OF) Tj ET Q
q 0 0 0 rg BT 285.91 716.70 Td ( MANAGEMENT) Tj ET Q
q 0 0 0 rg BT 367.68 716.70 Td ( ON ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 170.80 704.10 Td (INTERNAL) Tj ET Q
q 0 0 0 rg BT 225.65 704.10 Td ( CONTROL) Tj ET Q
q 0 0 0 rg BT 280.79 704.10 Td ( OVER FINANCIAL) Tj ET Q
q 0 0 0 rg BT 375.30 704.10 Td ( REPOR) Tj ET Q
q 0 0 0 rg BT 414.31 704.10 Td (TING) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.54 678.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 122.91 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.37 678.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 156.67 678.90 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 208.25 678.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 216.97 678.90 Td (responsible ) Tj ET Q
q 0 0 0 rg BT 266.52 678.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 280.48 678.90 Td (establishing ) Tj ET Q
q 0 0 0 rg BT 332.36 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 349.24 678.90 Td (maintaining ) Tj ET Q
q 0 0 0 rg BT 401.12 678.90 Td (adequate ) Tj ET Q
q 0 0 0 rg BT 440.15 678.90 Td (internal ) Tj ET Q
q 0 0 0 rg BT 473.94 678.90 Td (control ) Tj ET Q
q 0 0 0 rg BT 505.40 678.90 Td (over ) Tj ET Q
q 0 0 0 rg BT 525.77 678.90 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (reporting.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.68 641.10 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 110.85 641.10 Td (internal ) Tj ET Q
q 0 0 0 rg BT 145.52 641.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 177.87 641.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 199.14 641.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 238.47 641.10 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 279.57 641.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 289.18 641.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 296.44 641.10 Td (process ) Tj ET Q
q 0 0 0 rg BT 330.54 641.10 Td (designed ) Tj ET Q
q 0 0 0 rg BT 370.47 641.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 381.25 641.10 Td (provide ) Tj ET Q
q 0 0 0 rg BT 415.93 641.10 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 463.43 641.10 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 506.84 641.10 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 549.68 641.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (reliability ) Tj ET Q
q 0 0 0 rg BT 94.67 628.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 107.76 628.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 148.84 628.50 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 191.67 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 211.18 628.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 228.35 628.50 Td (preparation ) Tj ET Q
q 0 0 0 rg BT 280.50 628.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 293.60 628.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 334.67 628.50 Td (statements ) Tj ET Q
q 0 0 0 rg BT 383.34 628.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 399.93 628.50 Td (external ) Tj ET Q
q 0 0 0 rg BT 438.09 628.50 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 479.76 628.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 492.28 628.50 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 543.83 628.50 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 99.24 615.90 Td (principles ) Tj ET Q
q 0 0 0 rg BT 144.31 615.90 Td (generally ) Tj ET Q
q 0 0 0 rg BT 187.05 615.90 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 227.44 615.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 239.27 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 255.77 615.90 Td (United ) Tj ET Q
q 0 0 0 rg BT 288.02 615.90 Td (States ) Tj ET Q
q 0 0 0 rg BT 316.77 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 328.38 615.90 Td (America. ) Tj ET Q
q 0 0 0 rg BT 370.82 615.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 396.06 615.90 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 434.29 615.90 Td (internal ) Tj ET Q
q 0 0 0 rg BT 470.03 615.90 Td (control ) Tj ET Q
q 0 0 0 rg BT 503.44 615.90 Td (over ) Tj ET Q
q 0 0 0 rg BT 525.77 615.90 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 91.42 603.30 Td (includes ) Tj ET Q
q 0 0 0 rg BT 129.85 603.30 Td (those ) Tj ET Q
q 0 0 0 rg BT 155.45 603.30 Td (policies ) Tj ET Q
q 0 0 0 rg BT 191.55 603.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 210.14 603.30 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 259.64 603.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 278.82 603.30 Td (\(i\)�pertain ) Tj ET Q
q 0 0 0 rg BT 323.94 603.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 335.55 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 351.81 603.30 Td (maintenance ) Tj ET Q
q 0 0 0 rg BT 408.30 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 420.48 603.30 Td (records ) Tj ET Q
q 0 0 0 rg BT 454.82 603.30 Td (that, ) Tj ET Q
q 0 0 0 rg BT 476.62 603.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 488.23 603.30 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 536.55 603.30 Td (detail, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (accurately ) Tj ET Q
q 0 0 0 rg BT 94.87 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 112.26 590.70 Td (fairly ) Tj ET Q
q 0 0 0 rg BT 137.23 590.70 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 166.27 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.33 590.70 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 233.71 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 251.11 590.70 Td (dispositions ) Tj ET Q
q 0 0 0 rg BT 303.52 590.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.50 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 329.56 590.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 356.28 590.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 367.26 590.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 391.07 590.70 Td (Mason; ) Tj ET Q
q 0 0 0 rg BT 424.80 590.70 Td (\(ii\)�provide ) Tj ET Q
q 0 0 0 rg BT 474.56 590.70 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 521.69 590.70 Td (assurance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 68.89 578.10 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 122.69 578.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 139.16 578.10 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 179.53 578.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 191.92 578.10 Td (necessary ) Tj ET Q
q 0 0 0 rg BT 236.38 578.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 248.19 578.10 Td (permit ) Tj ET Q
q 0 0 0 rg BT 279.25 578.10 Td (preparation ) Tj ET Q
q 0 0 0 rg BT 330.71 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 343.10 578.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 383.48 578.10 Td (statements ) Tj ET Q
q 0 0 0 rg BT 431.45 578.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 443.26 578.10 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 494.12 578.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 516.43 578.10 Td (accounting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (principles ) Tj ET Q
q 0 0 0 rg BT 93.51 565.50 Td (generally ) Tj ET Q
q 0 0 0 rg BT 135.17 565.50 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 174.49 565.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 185.26 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.68 565.50 Td (United ) Tj ET Q
q 0 0 0 rg BT 231.86 565.50 Td (States ) Tj ET Q
q 0 0 0 rg BT 259.54 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 270.32 565.50 Td (America, ) Tj ET Q
q 0 0 0 rg BT 311.69 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 329.45 565.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 347.79 565.50 Td (receipts ) Tj ET Q
q 0 0 0 rg BT 383.04 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 400.80 565.50 Td (expenditures ) Tj ET Q
q 0 0 0 rg BT 457.05 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 468.40 565.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 492.57 565.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 523.76 565.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 539.17 565.50 Td (being ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (made ) Tj ET Q
q 0 0 0 rg BT 75.67 552.90 Td (only ) Tj ET Q
q 0 0 0 rg BT 97.77 552.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 109.36 552.90 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 160.00 552.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 182.10 552.90 Td (authorizations ) Tj ET Q
q 0 0 0 rg BT 245.02 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.19 552.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 314.27 552.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.86 552.90 Td (directors ) Tj ET Q
q 0 0 0 rg BT 373.03 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.20 552.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 410.21 552.90 Td (Mason; ) Tj ET Q
q 0 0 0 rg BT 445.14 552.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 463.73 552.90 Td (\(iii\)�provide ) Tj ET Q
q 0 0 0 rg BT 517.61 552.90 Td (reasonable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 92.97 540.30 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 135.86 540.30 Td (prevention ) Tj ET Q
q 0 0 0 rg BT 183.43 540.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 194.83 540.30 Td (timely ) Tj ET Q
q 0 0 0 rg BT 224.32 540.30 Td (detection ) Tj ET Q
q 0 0 0 rg BT 265.47 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 276.87 540.30 Td (unauthorized ) Tj ET Q
q 0 0 0 rg BT 334.35 540.30 Td (acquisition, ) Tj ET Q
q 0 0 0 rg BT 385.71 540.30 Td (use, ) Tj ET Q
q 0 0 0 rg BT 404.99 540.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 416.40 540.30 Td (disposition ) Tj ET Q
q 0 0 0 rg BT 465.15 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 476.55 540.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 500.79 540.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 538.01 540.30 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.87 527.70 Td (could ) Tj ET Q
q 0 0 0 rg BT 93.82 527.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 116.27 527.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 123.56 527.70 Td (material ) Tj ET Q
q 0 0 0 rg BT 160.58 527.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 168.55 527.70 Td (fect ) Tj ET Q
q 0 0 0 rg BT 186.91 527.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 200.03 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 215.49 527.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 254.84 527.70 Td (statements.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (Because ) Tj ET Q
q 0 0 0 rg BT 87.04 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 98.34 502.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 110.82 502.50 Td (inherent ) Tj ET Q
q 0 0 0 rg BT 147.78 502.50 Td (limitations, ) Tj ET Q
q 0 0 0 rg BT 197.88 502.50 Td (internal ) Tj ET Q
q 0 0 0 rg BT 232.51 502.50 Td (control ) Tj ET Q
q 0 0 0 rg BT 264.81 502.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 286.02 502.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 325.31 502.50 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 366.36 502.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 386.99 502.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 402.97 502.50 Td (prevent ) Tj ET Q
q 0 0 0 rg BT 437.01 502.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 448.31 502.50 Td (detect ) Tj ET Q
q 0 0 0 rg BT 475.94 502.50 Td (misstatements. ) Tj ET Q
q 0 0 0 rg BT 540.05 502.50 Td (Also, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (projections ) Tj ET Q
q 0 0 0 rg BT 98.72 489.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 110.03 489.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 127.75 489.90 Td (evaluation ) Tj ET Q
q 0 0 0 rg BT 174.05 489.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 185.35 489.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 193.32 489.90 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 242.53 489.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 253.26 489.90 Td (future ) Tj ET Q
q 0 0 0 rg BT 280.89 489.90 Td (periods ) Tj ET Q
q 0 0 0 rg BT 314.37 489.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 329.75 489.90 Td (subject ) Tj ET Q
q 0 0 0 rg BT 362.05 489.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 372.78 489.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.17 489.90 Td (risk ) Tj ET Q
q 0 0 0 rg BT 406.48 489.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 424.79 489.90 Td (controls ) Tj ET Q
q 0 0 0 rg BT 461.18 489.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 481.82 489.90 Td (become ) Tj ET Q
q 0 0 0 rg BT 517.03 489.90 Td (inadequate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (because ) Tj ET Q
q 0 0 0 rg BT 85.35 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 96.73 477.30 Td (changes ) Tj ET Q
q 0 0 0 rg BT 133.17 477.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 143.96 477.30 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 192.96 477.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 204.33 477.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 222.70 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 238.16 477.30 Td (degree ) Tj ET Q
q 0 0 0 rg BT 268.76 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 280.13 477.30 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 331.15 477.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 352.44 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 367.90 477.30 Td (policies ) Tj ET Q
q 0 0 0 rg BT 403.18 477.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 414.55 477.30 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 463.24 477.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 483.94 477.30 Td (deteriorate.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (Management ) Tj ET Q
q 0 0 0 rg BT 107.62 452.10 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 146.51 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.65 452.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 170.62 452.10 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 220.57 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 232.63 452.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 257.51 452.10 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 295.38 452.10 Td (internal ) Tj ET Q
q 0 0 0 rg BT 330.76 452.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 363.82 452.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 385.78 452.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 425.82 452.10 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 467.62 452.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 479.68 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 491.73 452.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 522.45 452.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.88 452.10 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 76.08 439.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 89.24 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.74 439.50 Td (framework ) Tj ET Q
q 0 0 0 rg BT 153.47 439.50 Td (set ) Tj ET Q
q 0 0 0 rg BT 167.80 439.50 Td (forth ) Tj ET Q
q 0 0 0 rg BT 190.88 439.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 204.04 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 219.54 439.50 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 268.87 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 280.28 439.50 Td (Sponsoring ) Tj ET Q
q 0 0 0 rg BT 330.79 439.50 Td (Or) Tj ET Q
q 0 0 0 rg BT 341.68 439.50 Td (ganizations ) Tj ET Q
q 0 0 0 rg BT 392.17 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 403.58 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.89 439.50 Td (T) Tj ET Q
q 0 0 0 rg BT 424.93 439.50 Td (readway ) Tj ET Q
q 0 0 0 rg BT 463.16 439.50 Td (Commission ) Tj ET Q
q 0 0 0 rg BT 518.92 439.50 Td (\("COSO"\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (in ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 60.48 426.90 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 97.12 426.90 Td (Contr) Tj ET Q
q 0 0 0 rg BT 121.23 426.90 Td (ol�� ) Tj ET Q
q 0 0 0 rg BT 144.17 426.90 Td (Integrated ) Tj ET Q
q 0 0 0 rg BT 190.72 426.90 Td (Framework ) Tj ET Q
q 0 0 0 rg BT 242.52 426.90 Td (\(2013\). ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 275.95 426.90 Td (Based ) Tj ET Q
q 0 0 0 rg BT 304.42 426.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 317.73 426.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 336.29 426.90 Td (assessment, ) Tj ET Q
q 0 0 0 rg BT 388.38 426.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 444.84 426.90 Td (concluded ) Tj ET Q
q 0 0 0 rg BT 490.80 426.90 Td (that, ) Tj ET Q
q 0 0 0 rg BT 511.98 426.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 523.54 426.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 535.09 426.90 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 65.31 414.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 91.61 414.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 115.87 414.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 153.11 414.30 Td (internal ) Tj ET Q
q 0 0 0 rg BT 187.87 414.30 Td (control ) Tj ET Q
q 0 0 0 rg BT 220.29 414.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 241.63 414.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 281.04 414.30 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 322.21 414.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 331.90 414.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 339.86 414.30 Td (fective ) Tj ET Q
q 0 0 0 rg BT 371.11 414.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 397.70 414.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 410.88 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 426.39 414.30 Td (criteria ) Tj ET Q
q 0 0 0 rg BT 458.80 414.30 Td (established ) Tj ET Q
q 0 0 0 rg BT 508.14 414.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 518.99 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.50 414.30 Td (COSO ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (framework.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.42 376.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 77.38 376.50 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 127.62 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 139.96 376.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 165.12 376.50 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 203.27 376.50 Td (internal ) Tj ET Q
q 0 0 0 rg BT 238.94 376.50 Td (control ) Tj ET Q
q 0 0 0 rg BT 272.27 376.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 294.52 376.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 334.84 376.50 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 376.92 376.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 389.25 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 401.59 376.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 432.58 376.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 449.30 376.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 476.52 376.50 Td (has ) Tj ET Q
q 0 0 0 rg BT 494.10 376.50 Td (been ) Tj ET Q
q 0 0 0 rg BT 517.51 376.50 Td (audited ) Tj ET Q
q 0 0 0 rg BT 552.01 376.50 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (PricewaterhouseCoopers�LLP) Tj ET Q
q 0 0 0 rg BT 174.02 363.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 179.28 363.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 191.82 363.90 Td (independent ) Tj ET Q
q 0 0 0 rg BT 245.77 363.90 Td (registered ) Tj ET Q
q 0 0 0 rg BT 289.80 363.90 Td (public ) Tj ET Q
q 0 0 0 rg BT 318.68 363.90 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 367.38 363.90 Td (firm, ) Tj ET Q
q 0 0 0 rg BT 390.72 363.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 402.10 363.90 Td (stated ) Tj ET Q
q 0 0 0 rg BT 429.23 363.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 440.03 363.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 461.90 363.90 Td (report ) Tj ET Q
q 0 0 0 rg BT 489.61 363.90 Td (appearing ) Tj ET Q
q 0 0 0 rg BT 533.64 363.90 Td (herein, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 77.59 351.30 Td (expresses ) Tj ET Q
q 0 0 0 rg BT 120.26 351.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 132.60 351.30 Td (unqualified ) Tj ET Q
q 0 0 0 rg BT 182.84 351.30 Td (opinion ) Tj ET Q
q 0 0 0 rg BT 217.36 351.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 230.29 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 245.54 351.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 253.51 351.30 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 302.59 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 313.76 351.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 337.77 351.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 374.76 351.30 Td (internal ) Tj ET Q
q 0 0 0 rg BT 409.26 351.30 Td (control ) Tj ET Q
q 0 0 0 rg BT 441.43 351.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 462.51 351.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 501.67 351.30 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 542.59 351.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 553.77 351.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 79.53 338.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 95.28 338.70 Td (2020.) Tj ET Q
/GS0 gs
q 125.00 0 0 28.00 49.50 267.90 cm
/I38 Do Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 255.30 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 80.13 255.30 Td (A. Sullivan) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 242.70 Td (Chairman and Chief Executive Of) Tj ET Q
q 0 0 0 rg BT 192.77 242.70 Td (ficer) Tj ET Q
/GS0 gs
q 100.00 0 0 50.00 49.50 163.70 cm
/I39 Do Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 151.10 Td (Peter H. Nachtwey ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 138.50 Td (Senior Executive ) Tj ET Q
q 0 0 0 rg BT 123.96 138.50 Td (V) Tj ET Q
q 0 0 0 rg BT 130.91 138.50 Td (ice President and Chief Financial Of) Tj ET Q
q 0 0 0 rg BT 283.80 138.50 Td (ficer) Tj ET Q
endstream
endobj
173 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 174 0 R>>
endobj
174 0 obj
<</Length 33810>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (84) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 236.55 741.90 Td (REPOR) Tj ET Q
q 0 0 0 rg BT 272.93 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 279.75 741.90 Td ( OF) Tj ET Q
q 0 0 0 rg BT 296.56 741.90 Td ( INDEPENDENT) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 197.60 729.30 Td (REGISTERED PUBLIC ) Tj ET Q
q 0 0 0 rg BT 310.80 729.30 Td (ACCOUNTING FIRM ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 692.70 Td (T) Tj ET Q
q 0 0 0 rg BT 55.68 692.70 Td (o ) Tj ET Q
q 0 0 0 rg BT 63.56 692.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.01 692.70 Td (Board ) Tj ET Q
q 0 0 0 rg BT 107.29 692.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.67 692.70 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 160.36 692.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 178.15 692.70 Td (Stockholders ) Tj ET Q
q 0 0 0 rg BT 235.60 692.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.97 692.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 271.17 692.70 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 305.00 692.70 Td (Inc.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 667.50 Td (Opinions ) Tj ET Q
q 0 0 0 rg BT 92.31 667.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 106.02 667.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.07 667.50 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 167.29 667.50 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 217.17 667.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 236.14 667.50 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 274.36 667.50 Td (Control ) Tj ET Q
q 0 0 0 rg BT 310.25 667.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 331.53 667.50 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 376.75 667.50 Td (Reporting) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 642.30 Td (W) Tj ET Q
q 0 0 0 rg BT 59.07 642.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 66.26 642.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 88.61 642.30 Td (audited ) Tj ET Q
q 0 0 0 rg BT 122.05 642.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 137.41 642.30 Td (accompanying ) Tj ET Q
q 0 0 0 rg BT 201.17 642.30 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 256.77 642.30 Td (balance ) Tj ET Q
q 0 0 0 rg BT 291.36 642.30 Td (sheets ) Tj ET Q
q 0 0 0 rg BT 319.56 642.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 330.83 642.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 354.94 642.30 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 388.68 642.30 Td (Inc.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 404.71 642.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 407.24 642.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 424.94 642.30 Td (its ) Tj ET Q
q 0 0 0 rg BT 437.39 642.30 Td (subsidiaries) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 486.97 642.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 489.50 642.30 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 508.35 642.30 Td (�Company�\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 629.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.94 629.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 73.87 629.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 104.46 629.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 120.78 629.70 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 141.78 629.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 144.97 629.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 163.32 629.70 Td (2019,) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 186.94 629.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 190.13 629.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 208.48 629.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 224.50 629.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 256.25 629.70 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 312.51 629.70 Td (statements ) Tj ET Q
q 0 0 0 rg BT 360.02 629.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.96 629.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 406.05 629.70 Td (\(loss\), ) Tj ET Q
q 0 0 0 rg BT 435.20 629.70 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 501.95 629.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 536.05 629.70 Td (\(loss\), ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 617.10 Td (changes ) Tj ET Q
q 0 0 0 rg BT 86.72 617.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 97.78 617.10 Td (stockholders�) Tj ET Q
q 0 0 0 rg BT 153.57 617.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 156.47 617.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 185.61 617.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 203.67 617.10 Td (cash ) Tj ET Q
q 0 0 0 rg BT 225.22 617.10 Td (flows ) Tj ET Q
q 0 0 0 rg BT 251.46 617.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 266.60 617.10 Td (each ) Tj ET Q
q 0 0 0 rg BT 288.72 617.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 300.37 617.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 316.09 617.10 Td (three ) Tj ET Q
q 0 0 0 rg BT 339.98 617.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 365.03 617.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 376.09 617.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.82 617.10 Td (period ) Tj ET Q
q 0 0 0 rg BT 421.54 617.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 449.51 617.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 479.81 617.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 495.83 617.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 522.35 617.10 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 604.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.48 604.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 96.70 604.50 Td (notes ) Tj ET Q
q 0 0 0 rg BT 121.51 604.50 Td (\(collectively ) Tj ET Q
q 0 0 0 rg BT 176.64 604.50 Td (referred ) Tj ET Q
q 0 0 0 rg BT 212.51 604.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 223.33 604.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 234.73 604.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.21 604.50 Td (�consolidated ) Tj ET Q
q 0 0 0 rg BT 310.59 604.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 349.97 604.50 Td (statements�\).) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.08 604.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.73 604.50 Td (W) Tj ET Q
q 0 0 0 rg BT 416.80 604.50 Td (e ) Tj ET Q
q 0 0 0 rg BT 424.12 604.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 443.68 604.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 466.16 604.50 Td (audited ) Tj ET Q
q 0 0 0 rg BT 499.71 604.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 515.19 604.50 Td (Company's ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 591.90 Td (internal ) Tj ET Q
q 0 0 0 rg BT 84.42 591.90 Td (control ) Tj ET Q
q 0 0 0 rg BT 116.52 591.90 Td (over ) Tj ET Q
q 0 0 0 rg BT 137.53 591.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 176.61 591.90 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 217.46 591.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 228.56 591.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.66 591.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 269.42 591.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 284.89 591.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 310.87 591.90 Td (based ) Tj ET Q
q 0 0 0 rg BT 337.13 591.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 349.99 591.90 Td (criteria ) Tj ET Q
q 0 0 0 rg BT 382.07 591.90 Td (established ) Tj ET Q
q 0 0 0 rg BT 431.08 591.90 Td (in ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 441.60 591.90 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 477.78 591.90 Td (Contr) Tj ET Q
q 0 0 0 rg BT 501.90 591.90 Td (ol ) Tj ET Q
q 0 0 0 rg BT 512.42 591.90 Td (- ) Tj ET Q
q 0 0 0 rg BT 518.27 591.90 Td (Integrated ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 50.00 579.30 Td (Framework) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 98.99 579.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 101.62 579.30 Td (\(2013\)) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 129.61 579.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 132.24 579.30 Td (issued ) Tj ET Q
q 0 0 0 rg BT 161.11 579.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 174.24 579.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.69 579.30 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 238.98 579.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 250.35 579.30 Td (Sponsoring ) Tj ET Q
q 0 0 0 rg BT 300.82 579.30 Td (Or) Tj ET Q
q 0 0 0 rg BT 311.71 579.30 Td (ganizations ) Tj ET Q
q 0 0 0 rg BT 362.15 579.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 373.52 579.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.79 579.30 Td (T) Tj ET Q
q 0 0 0 rg BT 394.83 579.30 Td (readway ) Tj ET Q
q 0 0 0 rg BT 433.02 579.30 Td (Commission ) Tj ET Q
q 0 0 0 rg BT 488.74 579.30 Td (\(COSO\). ) Tj ET Q
q 0 0 0 rg BT 528.99 579.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 554.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.52 554.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 78.28 554.10 Td (opinion, ) Tj ET Q
q 0 0 0 rg BT 115.76 554.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 131.36 554.10 Td (consolidated) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 184.43 554.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 187.19 554.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 226.69 554.10 Td (statements ) Tj ET Q
q 0 0 0 rg BT 273.79 554.10 Td (referred ) Tj ET Q
q 0 0 0 rg BT 309.77 554.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 320.71 554.10 Td (above ) Tj ET Q
q 0 0 0 rg BT 348.55 554.10 Td (present ) Tj ET Q
q 0 0 0 rg BT 381.64 554.10 Td (fairly) Tj ET Q
q 0 0 0 rg BT 403.70 554.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 409.09 554.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 420.03 554.10 Td (all ) Tj ET Q
q 0 0 0 rg BT 433.29 554.10 Td (material ) Tj ET Q
q 0 0 0 rg BT 470.46 554.10 Td (respects, ) Tj ET Q
q 0 0 0 rg BT 509.67 554.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.27 554.10 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 541.50 Td (position ) Tj ET Q
q 0 0 0 rg BT 86.34 541.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 97.59 541.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.92 541.50 Td (Company ) Tj ET Q
q 0 0 0 rg BT 156.25 541.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 167.49 541.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 178.74 541.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 208.65 541.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 224.27 541.50 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 245.27 541.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 247.77 541.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 265.43 541.50 Td (2019) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 286.43 541.50 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.56 541.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 309.22 541.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.55 541.50 Td (results ) Tj ET Q
q 0 0 0 rg BT 354.46 541.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.71 541.50 Td (its) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 375.63 541.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 378.13 541.50 Td (operations ) Tj ET Q
q 0 0 0 rg BT 424.37 541.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 442.03 541.50 Td (its) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 451.96 541.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 454.46 541.50 Td (cash ) Tj ET Q
q 0 0 0 rg BT 475.61 541.50 Td (flows ) Tj ET Q
q 0 0 0 rg BT 501.45 541.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 516.19 541.50 Td (each ) Tj ET Q
q 0 0 0 rg BT 537.92 541.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.17 541.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 528.90 Td (three ) Tj ET Q
q 0 0 0 rg BT 73.66 528.90 Td (years ) Tj ET Q
q 0 0 0 rg BT 98.49 528.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 109.33 528.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 124.83 528.90 Td (period ) Tj ET Q
q 0 0 0 rg BT 154.33 528.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 182.07 528.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 212.15 528.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 227.95 528.90 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 248.95 528.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 251.63 528.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 262.47 528.90 Td (conformity ) Tj ET Q
q 0 0 0 rg BT 311.80 528.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 333.14 528.90 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 381.88 528.90 Td (principles ) Tj ET Q
q 0 0 0 rg BT 425.96 528.90 Td (generally ) Tj ET Q
q 0 0 0 rg BT 467.70 528.90 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 507.09 528.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 517.93 528.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.43 528.90 Td (United ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 516.30 Td (States ) Tj ET Q
q 0 0 0 rg BT 78.30 516.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 89.55 516.30 Td (America. ) Tj ET Q
q 0 0 0 rg BT 130.83 516.30 Td (Also ) Tj ET Q
q 0 0 0 rg BT 153.88 516.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 165.27 516.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 182.48 516.30 Td (opinion, ) Tj ET Q
q 0 0 0 rg BT 220.40 516.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 236.45 516.30 Td (Company ) Tj ET Q
q 0 0 0 rg BT 280.49 516.30 Td (maintained, ) Tj ET Q
q 0 0 0 rg BT 332.99 516.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 344.37 516.30 Td (all ) Tj ET Q
q 0 0 0 rg BT 358.08 516.30 Td (material ) Tj ET Q
q 0 0 0 rg BT 395.70 516.30 Td (respects, ) Tj ET Q
q 0 0 0 rg BT 435.36 516.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 443.32 516.30 Td (fective ) Tj ET Q
q 0 0 0 rg BT 475.10 516.30 Td (internal ) Tj ET Q
q 0 0 0 rg BT 510.39 516.30 Td (control ) Tj ET Q
q 0 0 0 rg BT 543.35 516.30 Td (over ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 503.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 89.43 503.70 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 130.61 503.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 142.06 503.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 153.50 503.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 183.60 503.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 199.42 503.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 225.75 503.70 Td (based ) Tj ET Q
q 0 0 0 rg BT 252.35 503.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 265.55 503.70 Td (criteria ) Tj ET Q
q 0 0 0 rg BT 297.97 503.70 Td (established ) Tj ET Q
q 0 0 0 rg BT 347.32 503.70 Td (in ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 358.19 503.70 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 394.71 503.70 Td (Contr) Tj ET Q
q 0 0 0 rg BT 418.83 503.70 Td (ol ) Tj ET Q
q 0 0 0 rg BT 429.70 503.70 Td (- ) Tj ET Q
q 0 0 0 rg BT 435.89 503.70 Td (Integrated ) Tj ET Q
q 0 0 0 rg BT 482.33 503.70 Td (Framework) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 531.32 503.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 534.02 503.70 Td (\(2013\)) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 491.10 Td (issued ) Tj ET Q
q 0 0 0 rg BT 78.88 491.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 92.00 491.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 107.45 491.10 Td (COSO.) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 50.00 465.90 Td (Change ) Tj ET Q
q 0 0 0 rg BT 85.29 465.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 95.89 465.90 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 146.34 465.90 Td (Principle) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 440.70 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.96 440.70 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 108.49 440.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 119.94 440.70 Td (Note ) Tj ET Q
q 0 0 0 rg BT 143.64 440.70 Td (1 ) Tj ET Q
q 0 0 0 rg BT 152.18 440.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 163.63 440.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.75 440.70 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 236.11 440.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 276.12 440.70 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 326.36 440.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.47 440.70 Td (Company ) Tj ET Q
q 0 0 0 rg BT 386.59 440.70 Td (changed ) Tj ET Q
q 0 0 0 rg BT 424.86 440.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.98 440.70 Td (manner ) Tj ET Q
q 0 0 0 rg BT 475.75 440.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 487.20 440.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 516.15 440.70 Td (it ) Tj ET Q
q 0 0 0 rg BT 525.27 440.70 Td (accounts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 428.10 Td (for�leases�on ) Tj ET Q
q 0 0 0 rg BT 105.11 428.10 Td (April ) Tj ET Q
q 0 0 0 rg BT 129.90 428.10 Td (1, ) Tj ET Q
q 0 0 0 rg BT 140.40 428.10 Td (2019.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 402.90 Td (Basis ) Tj ET Q
q 0 0 0 rg BT 75.97 402.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 91.43 402.90 Td (Opinions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 377.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.31 377.70 Td (Company's ) Tj ET Q
q 0 0 0 rg BT 119.11 377.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 175.74 377.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 185.73 377.70 Td (responsible ) Tj ET Q
q 0 0 0 rg BT 236.54 377.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 251.77 377.70 Td (these ) Tj ET Q
q 0 0 0 rg BT 276.33 377.70 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 332.39 377.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 372.11 377.70 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 422.04 377.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 437.27 377.70 Td (maintaining ) Tj ET Q
q 0 0 0 rg BT 490.42 377.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 498.38 377.70 Td (fective ) Tj ET Q
q 0 0 0 rg BT 529.93 377.70 Td (internal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 365.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 83.40 365.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 105.72 365.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 146.10 365.10 Td (reporting, ) Tj ET Q
q 0 0 0 rg BT 190.88 365.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 209.70 365.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 225.60 365.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 239.18 365.10 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 289.50 365.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 301.90 365.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.39 365.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 326.36 365.10 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 376.66 365.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 389.07 365.10 Td (internal ) Tj ET Q
q 0 0 0 rg BT 424.79 365.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 458.20 365.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 480.51 365.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 520.90 365.10 Td (reporting, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 352.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 88.89 352.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 99.80 352.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 115.37 352.50 Td (accompanying ) Tj ET Q
q 0 0 0 rg BT 179.33 352.50 Td (Report ) Tj ET Q
q 0 0 0 rg BT 210.65 352.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 222.13 352.50 Td (Management ) Tj ET Q
q 0 0 0 rg BT 279.68 352.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 292.92 352.50 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 328.31 352.50 Td (Control ) Tj ET Q
q 0 0 0 rg BT 363.13 352.50 Td (Over ) Tj ET Q
q 0 0 0 rg BT 386.86 352.50 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 428.67 352.50 Td (Reporting. ) Tj ET Q
q 0 0 0 rg BT 476.03 352.50 Td (Our ) Tj ET Q
q 0 0 0 rg BT 495.10 352.50 Td (responsibility ) Tj ET Q
q 0 0 0 rg BT 555.00 352.50 Td (is ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 339.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.94 339.90 Td (express ) Tj ET Q
q 0 0 0 rg BT 93.21 339.90 Td (opinions ) Tj ET Q
q 0 0 0 rg BT 131.15 339.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 143.43 339.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.03 339.90 Td (Company�) Tj ET Q
q 0 0 0 rg BT 201.78 339.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 207.64 339.90 Td (consolidated) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 260.71 339.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 262.48 339.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 300.99 339.90 Td (statements ) Tj ET Q
q 0 0 0 rg BT 347.08 339.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 364.02 339.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 376.29 339.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.90 339.90 Td (Company's ) Tj ET Q
q 0 0 0 rg BT 439.48 339.90 Td (internal ) Tj ET Q
q 0 0 0 rg BT 473.32 339.90 Td (control ) Tj ET Q
q 0 0 0 rg BT 504.84 339.90 Td (over ) Tj ET Q
q 0 0 0 rg BT 525.27 339.90 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 327.30 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 91.17 327.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 117.76 327.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 130.95 327.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 147.63 327.30 Td (audits. ) Tj ET Q
q 0 0 0 rg BT 177.83 327.30 Td (W) Tj ET Q
q 0 0 0 rg BT 186.90 327.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 194.24 327.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 209.74 327.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 217.09 327.30 Td (public ) Tj ET Q
q 0 0 0 rg BT 246.02 327.30 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 294.77 327.30 Td (firm ) Tj ET Q
q 0 0 0 rg BT 315.53 327.30 Td (registered ) Tj ET Q
q 0 0 0 rg BT 359.61 327.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 380.96 327.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 396.48 327.30 Td (Public ) Tj ET Q
q 0 0 0 rg BT 426.00 327.30 Td (Company ) Tj ET Q
q 0 0 0 rg BT 468.92 327.30 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 520.59 327.30 Td (Oversight ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 314.70 Td (Board ) Tj ET Q
q 0 0 0 rg BT 78.67 314.70 Td (\(United ) Tj ET Q
q 0 0 0 rg BT 113.76 314.70 Td (States\) ) Tj ET Q
q 0 0 0 rg BT 145.35 314.70 Td (\(PCAOB\) ) Tj ET Q
q 0 0 0 rg BT 190.37 314.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 208.54 314.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 224.37 314.70 Td (required ) Tj ET Q
q 0 0 0 rg BT 262.37 314.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 273.55 314.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 286.47 314.70 Td (independent ) Tj ET Q
q 0 0 0 rg BT 340.80 314.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 362.48 314.70 Td (respect ) Tj ET Q
q 0 0 0 rg BT 395.22 314.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 406.40 314.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 422.24 314.70 Td (Company ) Tj ET Q
q 0 0 0 rg BT 466.09 314.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 477.27 314.70 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 527.49 314.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 549.17 314.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 302.10 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 71.69 302.10 Td (federal ) Tj ET Q
q 0 0 0 rg BT 103.85 302.10 Td (securities ) Tj ET Q
q 0 0 0 rg BT 146.52 302.10 Td (laws ) Tj ET Q
q 0 0 0 rg BT 168.79 302.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 186.96 302.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.81 302.10 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 248.97 302.10 Td (rules ) Tj ET Q
q 0 0 0 rg BT 272.40 302.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 290.58 302.10 Td (regulations ) Tj ET Q
q 0 0 0 rg BT 340.25 302.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 352.01 302.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 367.86 302.10 Td (Securities ) Tj ET Q
q 0 0 0 rg BT 412.28 302.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 430.46 302.10 Td (Exchange ) Tj ET Q
q 0 0 0 rg BT 474.87 302.10 Td (Commission ) Tj ET Q
q 0 0 0 rg BT 530.99 302.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.17 302.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 289.50 Td (PCAOB.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 264.30 Td (W) Tj ET Q
q 0 0 0 rg BT 59.07 264.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.85 264.30 Td (conducted ) Tj ET Q
q 0 0 0 rg BT 111.13 264.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 127.25 264.30 Td (audits ) Tj ET Q
q 0 0 0 rg BT 154.45 264.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 164.75 264.30 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 214.08 264.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 234.87 264.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 249.82 264.30 Td (standards ) Tj ET Q
q 0 0 0 rg BT 291.61 264.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.48 264.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 317.43 264.30 Td (PCAOB. ) Tj ET Q
q 0 0 0 rg BT 357.04 264.30 Td (Those ) Tj ET Q
q 0 0 0 rg BT 384.82 264.30 Td (standards ) Tj ET Q
q 0 0 0 rg BT 426.61 264.30 Td (require ) Tj ET Q
q 0 0 0 rg BT 458.46 264.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 476.33 264.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 490.70 264.30 Td (plan ) Tj ET Q
q 0 0 0 rg BT 510.90 264.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 528.19 264.30 Td (perform ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 251.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 68.00 251.70 Td (audits ) Tj ET Q
q 0 0 0 rg BT 98.26 251.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 111.60 251.70 Td (obtain ) Tj ET Q
q 0 0 0 rg BT 143.01 251.70 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 193.08 251.70 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 239.07 251.70 Td (about ) Tj ET Q
q 0 0 0 rg BT 267.57 251.70 Td (whether ) Tj ET Q
q 0 0 0 rg BT 306.56 251.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.56 251.70 Td (consolidated) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 377.63 251.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 382.80 251.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 424.71 251.70 Td (statements ) Tj ET Q
q 0 0 0 rg BT 474.20 251.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 492.19 251.70 Td (free ) Tj ET Q
q 0 0 0 rg BT 513.68 251.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 527.60 251.70 Td (material ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 239.10 Td (misstatement, ) Tj ET Q
q 0 0 0 rg BT 110.45 239.10 Td (whether ) Tj ET Q
q 0 0 0 rg BT 146.69 239.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 164.27 239.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 174.86 239.10 Td (error ) Tj ET Q
q 0 0 0 rg BT 197.68 239.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 208.85 239.10 Td (fraud, ) Tj ET Q
q 0 0 0 rg BT 236.05 239.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 253.63 239.10 Td (whether ) Tj ET Q
q 0 0 0 rg BT 289.87 239.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 297.83 239.10 Td (fective ) Tj ET Q
q 0 0 0 rg BT 328.82 239.10 Td (internal ) Tj ET Q
q 0 0 0 rg BT 363.31 239.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 395.47 239.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 416.55 239.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 455.70 239.10 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 496.61 239.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 515.36 239.10 Td (maintained ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 226.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.79 226.50 Td (all ) Tj ET Q
q 0 0 0 rg BT 73.91 226.50 Td (material ) Tj ET Q
q 0 0 0 rg BT 110.94 226.50 Td (respects. ) Tj ET Q
q 0 0 0 rg BT 150.01 226.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 201.30 Td (Our ) Tj ET Q
q 0 0 0 rg BT 71.38 201.30 Td (audits ) Tj ET Q
q 0 0 0 rg BT 101.52 201.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 115.32 201.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.20 201.30 Td (consolidated) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 186.27 201.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 191.32 201.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 233.10 201.30 Td (statements ) Tj ET Q
q 0 0 0 rg BT 282.48 201.30 Td (included ) Tj ET Q
q 0 0 0 rg BT 323.69 201.30 Td (performing ) Tj ET Q
q 0 0 0 rg BT 375.98 201.30 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 427.09 201.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 440.31 201.30 Td (assess ) Tj ET Q
q 0 0 0 rg BT 471.03 201.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 488.91 201.30 Td (risks ) Tj ET Q
q 0 0 0 rg BT 513.80 201.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 527.60 201.30 Td (material ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 188.70 Td (misstatement ) Tj ET Q
q 0 0 0 rg BT 107.27 188.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.88 188.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.56 188.70 Td (consolidated) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 185.63 188.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 187.49 188.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 226.09 188.70 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 274.90 188.70 Td (whether ) Tj ET Q
q 0 0 0 rg BT 310.57 188.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 327.59 188.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 337.62 188.70 Td (error ) Tj ET Q
q 0 0 0 rg BT 359.88 188.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 370.49 188.70 Td (fraud, ) Tj ET Q
q 0 0 0 rg BT 397.13 188.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 414.15 188.70 Td (performing ) Tj ET Q
q 0 0 0 rg BT 463.24 188.70 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 511.16 188.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 528.77 188.70 Td (respond ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 176.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.77 176.10 Td (those ) Tj ET Q
q 0 0 0 rg BT 85.54 176.10 Td (risks. ) Tj ET Q
q 0 0 0 rg BT 110.61 176.10 Td (Such ) Tj ET Q
q 0 0 0 rg BT 134.22 176.10 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 182.89 176.10 Td (included ) Tj ET Q
q 0 0 0 rg BT 221.65 176.10 Td (examining, ) Tj ET Q
q 0 0 0 rg BT 271.20 176.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 284.31 176.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 291.58 176.10 Td (test ) Tj ET Q
q 0 0 0 rg BT 308.76 176.10 Td (basis, ) Tj ET Q
q 0 0 0 rg BT 335.00 176.10 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 374.91 176.10 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 417.75 176.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 433.18 176.10 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 471.37 176.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 489.14 176.10 Td (disclosures ) Tj ET Q
q 0 0 0 rg BT 538.41 176.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.18 176.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 163.50 Td (consolidated) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 103.07 163.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 104.42 163.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 142.51 163.50 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 190.81 163.50 Td (Our ) Tj ET Q
q 0 0 0 rg BT 208.49 163.50 Td (audits ) Tj ET Q
q 0 0 0 rg BT 234.92 163.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 253.19 163.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 290.70 163.50 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 335.78 163.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 349.96 163.50 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 397.38 163.50 Td (principles ) Tj ET Q
q 0 0 0 rg BT 440.14 163.50 Td (used ) Tj ET Q
q 0 0 0 rg BT 460.74 163.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 477.25 163.50 Td (significant ) Tj ET Q
q 0 0 0 rg BT 522.93 163.50 Td (estimates ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 150.90 Td (made ) Tj ET Q
q 0 0 0 rg BT 75.42 150.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 88.59 150.90 Td (management, ) Tj ET Q
q 0 0 0 rg BT 147.54 150.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 158.96 150.90 Td (well ) Tj ET Q
q 0 0 0 rg BT 179.72 150.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 191.14 150.90 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 237.55 150.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.05 150.90 Td (overall ) Tj ET Q
q 0 0 0 rg BT 284.88 150.90 Td (presentation ) Tj ET Q
q 0 0 0 rg BT 338.88 150.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 350.30 150.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.80 150.90 Td (consolidated) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 418.88 150.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 421.55 150.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 460.96 150.90 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 510.58 150.90 Td (Our ) Tj ET Q
q 0 0 0 rg BT 529.59 150.90 Td (audit ) Tj ET Q
q 0 0 0 rg BT 553.26 150.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 138.30 Td (internal ) Tj ET Q
q 0 0 0 rg BT 85.22 138.30 Td (control ) Tj ET Q
q 0 0 0 rg BT 118.10 138.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 139.91 138.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 179.78 138.30 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 221.42 138.30 Td (included ) Tj ET Q
q 0 0 0 rg BT 260.72 138.30 Td (obtaining ) Tj ET Q
q 0 0 0 rg BT 303.53 138.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 316.58 138.30 Td (understanding ) Tj ET Q
q 0 0 0 rg BT 379.22 138.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 391.11 138.30 Td (internal ) Tj ET Q
q 0 0 0 rg BT 426.33 138.30 Td (control ) Tj ET Q
q 0 0 0 rg BT 459.21 138.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 481.02 138.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 520.89 138.30 Td (reporting, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 125.70 Td (assessing ) Tj ET Q
q 0 0 0 rg BT 90.76 125.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 105.27 125.70 Td (risk ) Tj ET Q
q 0 0 0 rg BT 122.70 125.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 140.13 125.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 146.47 125.70 Td (material ) Tj ET Q
q 0 0 0 rg BT 182.54 125.70 Td (weakness ) Tj ET Q
q 0 0 0 rg BT 224.46 125.70 Td (exists, ) Tj ET Q
q 0 0 0 rg BT 252.68 125.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 269.52 125.70 Td (testing ) Tj ET Q
q 0 0 0 rg BT 299.20 125.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 316.04 125.70 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 361.45 125.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.96 125.70 Td (design ) Tj ET Q
q 0 0 0 rg BT 405.06 125.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 421.90 125.70 Td (operating ) Tj ET Q
q 0 0 0 rg BT 463.23 125.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 471.20 125.70 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 519.52 125.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 529.95 125.70 Td (internal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 113.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 82.40 113.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 108.97 113.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 122.12 113.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 137.61 113.10 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 175.85 113.10 Td (risk. ) Tj ET Q
q 0 0 0 rg BT 196.88 113.10 Td (Our ) Tj ET Q
q 0 0 0 rg BT 215.87 113.10 Td (audits ) Tj ET Q
q 0 0 0 rg BT 243.61 113.10 Td (also ) Tj ET Q
q 0 0 0 rg BT 263.18 113.10 Td (included ) Tj ET Q
q 0 0 0 rg BT 302.00 113.10 Td (performing ) Tj ET Q
q 0 0 0 rg BT 351.89 113.10 Td (such ) Tj ET Q
q 0 0 0 rg BT 373.79 113.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 398.03 113.10 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 446.75 113.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 458.15 113.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 473.05 113.10 Td (considered ) Tj ET Q
q 0 0 0 rg BT 521.19 113.10 Td (necessary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 100.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.79 100.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.25 100.50 Td (circumstances. ) Tj ET Q
q 0 0 0 rg BT 140.78 100.50 Td (W) Tj ET Q
q 0 0 0 rg BT 149.85 100.50 Td (e ) Tj ET Q
q 0 0 0 rg BT 157.14 100.50 Td (believe ) Tj ET Q
q 0 0 0 rg BT 190.08 100.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 208.45 100.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 225.07 100.50 Td (audits ) Tj ET Q
q 0 0 0 rg BT 252.78 100.50 Td (provide ) Tj ET Q
q 0 0 0 rg BT 287.48 100.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 294.76 100.50 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 342.28 100.50 Td (basis ) Tj ET Q
q 0 0 0 rg BT 365.91 100.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 380.78 100.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 397.40 100.50 Td (opinions.) Tj ET Q
endstream
endobj
175 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 176 0 R>>
endobj
176 0 obj
<</Length 40108>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (85) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (Definition ) Tj ET Q
q 0 0 0 rg BT 96.96 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 115.93 741.90 Td (Limitations ) Tj ET Q
q 0 0 0 rg BT 168.15 741.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 179.52 741.90 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 217.74 741.90 Td (Control ) Tj ET Q
q 0 0 0 rg BT 253.63 741.90 Td (over ) Tj ET Q
q 0 0 0 rg BT 274.92 741.90 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 320.14 741.90 Td (Reporting) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.70 Td (A) Tj ET Q
q 0 0 0 rg BT 57.00 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 59.77 716.70 Td (company�) Tj ET Q
q 0 0 0 rg BT 101.18 716.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 108.04 716.70 Td (internal ) Tj ET Q
q 0 0 0 rg BT 142.88 716.70 Td (control ) Tj ET Q
q 0 0 0 rg BT 175.39 716.70 Td (over ) Tj ET Q
q 0 0 0 rg BT 196.82 716.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 236.32 716.70 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 277.58 716.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 287.36 716.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 294.79 716.70 Td (process ) Tj ET Q
q 0 0 0 rg BT 329.05 716.70 Td (designed ) Tj ET Q
q 0 0 0 rg BT 369.15 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 380.09 716.70 Td (provide ) Tj ET Q
q 0 0 0 rg BT 414.93 716.70 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 462.60 716.70 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 506.18 716.70 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 549.18 716.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 704.10 Td (reliability ) Tj ET Q
q 0 0 0 rg BT 92.39 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 102.71 704.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 141.01 704.10 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 181.07 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.80 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 212.20 704.10 Td (preparation ) Tj ET Q
q 0 0 0 rg BT 261.58 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 271.90 704.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 310.20 704.10 Td (statements ) Tj ET Q
q 0 0 0 rg BT 356.09 704.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 369.91 704.10 Td (external ) Tj ET Q
q 0 0 0 rg BT 405.29 704.10 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 444.19 704.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 453.93 704.10 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 502.71 704.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 522.95 704.10 Td (generally ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.50 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 88.60 691.50 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 136.56 691.50 Td (principles. ) Tj ET Q
q 0 0 0 rg BT 182.06 691.50 Td (A) Tj ET Q
q 0 0 0 rg BT 189.06 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 190.94 691.50 Td (company�) Tj ET Q
q 0 0 0 rg BT 232.35 691.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 238.32 691.50 Td (internal ) Tj ET Q
q 0 0 0 rg BT 272.28 691.50 Td (control ) Tj ET Q
q 0 0 0 rg BT 303.90 691.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 324.44 691.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 363.06 691.50 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 403.43 691.50 Td (includes ) Tj ET Q
q 0 0 0 rg BT 440.31 691.50 Td (those ) Tj ET Q
q 0 0 0 rg BT 464.36 691.50 Td (policies ) Tj ET Q
q 0 0 0 rg BT 498.90 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 515.95 691.50 Td (procedures ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 69.13 678.90 Td (\(i\)�pertain ) Tj ET Q
q 0 0 0 rg BT 114.20 678.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 125.75 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.96 678.90 Td (maintenance ) Tj ET Q
q 0 0 0 rg BT 198.40 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 210.53 678.90 Td (records ) Tj ET Q
q 0 0 0 rg BT 244.81 678.90 Td (that, ) Tj ET Q
q 0 0 0 rg BT 266.56 678.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 278.11 678.90 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 326.39 678.90 Td (detail, ) Tj ET Q
q 0 0 0 rg BT 355.72 678.90 Td (accurately ) Tj ET Q
q 0 0 0 rg BT 402.24 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 420.78 678.90 Td (fairly ) Tj ET Q
q 0 0 0 rg BT 446.90 678.90 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 477.09 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 493.30 678.90 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 546.84 678.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 666.30 Td (dispositions ) Tj ET Q
q 0 0 0 rg BT 103.08 666.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 114.72 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 130.45 666.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 157.84 666.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 169.49 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 185.21 666.30 Td (company; ) Tj ET Q
q 0 0 0 rg BT 229.52 666.30 Td (\(ii\)�provide ) Tj ET Q
q 0 0 0 rg BT 279.94 666.30 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 327.74 666.30 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 371.45 666.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 390.09 666.30 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 443.14 666.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 458.86 666.30 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 498.48 666.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 510.12 666.30 Td (necessary ) Tj ET Q
q 0 0 0 rg BT 553.83 666.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.70 Td (permit ) Tj ET Q
q 0 0 0 rg BT 80.52 653.70 Td (preparation ) Tj ET Q
q 0 0 0 rg BT 131.43 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 143.29 653.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 183.13 653.70 Td (statements ) Tj ET Q
q 0 0 0 rg BT 230.56 653.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 241.83 653.70 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 292.15 653.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 313.92 653.70 Td (generally ) Tj ET Q
q 0 0 0 rg BT 356.09 653.70 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 395.92 653.70 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 445.10 653.70 Td (principles, ) Tj ET Q
q 0 0 0 rg BT 492.23 653.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 510.50 653.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 529.35 653.70 Td (receipts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.04 641.10 Td (expenditures ) Tj ET Q
q 0 0 0 rg BT 124.58 641.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 136.21 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 151.92 641.10 Td (company ) Tj ET Q
q 0 0 0 rg BT 193.29 641.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 208.99 641.10 Td (being ) Tj ET Q
q 0 0 0 rg BT 235.20 641.10 Td (made ) Tj ET Q
q 0 0 0 rg BT 260.82 641.10 Td (only ) Tj ET Q
q 0 0 0 rg BT 282.37 641.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 293.42 641.10 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 343.52 641.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 365.07 641.10 Td (authorizations ) Tj ET Q
q 0 0 0 rg BT 427.43 641.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.06 641.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 495.59 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 513.63 641.10 Td (directors ) Tj ET Q
q 0 0 0 rg BT 553.25 641.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.52 628.50 Td (company; ) Tj ET Q
q 0 0 0 rg BT 109.62 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 127.47 628.50 Td (\(iii\)�provide ) Tj ET Q
q 0 0 0 rg BT 180.61 628.50 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 228.19 628.50 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 271.70 628.50 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 314.62 628.50 Td (prevention ) Tj ET Q
q 0 0 0 rg BT 362.22 628.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 373.65 628.50 Td (timely ) Tj ET Q
q 0 0 0 rg BT 403.18 628.50 Td (detection ) Tj ET Q
q 0 0 0 rg BT 444.35 628.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 455.79 628.50 Td (unauthorized ) Tj ET Q
q 0 0 0 rg BT 513.30 628.50 Td (acquisition, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 615.90 Td (use, ) Tj ET Q
q 0 0 0 rg BT 69.25 615.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 80.62 615.90 Td (disposition ) Tj ET Q
q 0 0 0 rg BT 129.34 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.71 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.16 615.90 Td (company�) Tj ET Q
q 0 0 0 rg BT 197.57 615.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 204.28 615.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 231.40 615.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 249.77 615.90 Td (could ) Tj ET Q
q 0 0 0 rg BT 275.73 615.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 298.17 615.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 305.46 615.90 Td (material ) Tj ET Q
q 0 0 0 rg BT 342.48 615.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 350.45 615.90 Td (fect ) Tj ET Q
q 0 0 0 rg BT 368.81 615.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 381.93 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.39 615.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 436.74 615.90 Td (statements.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 590.70 Td (Because ) Tj ET Q
q 0 0 0 rg BT 87.48 590.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 98.72 590.70 Td (its ) Tj ET Q
q 0 0 0 rg BT 111.13 590.70 Td (inherent ) Tj ET Q
q 0 0 0 rg BT 148.03 590.70 Td (limitations, ) Tj ET Q
q 0 0 0 rg BT 198.06 590.70 Td (internal ) Tj ET Q
q 0 0 0 rg BT 232.63 590.70 Td (control ) Tj ET Q
q 0 0 0 rg BT 264.86 590.70 Td (over ) Tj ET Q
q 0 0 0 rg BT 286.01 590.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 325.24 590.70 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 366.22 590.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 386.79 590.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 402.70 590.70 Td (prevent ) Tj ET Q
q 0 0 0 rg BT 436.68 590.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 447.92 590.70 Td (detect ) Tj ET Q
q 0 0 0 rg BT 475.48 590.70 Td (misstatements. ) Tj ET Q
q 0 0 0 rg BT 539.54 590.70 Td (Also, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 578.10 Td (projections ) Tj ET Q
q 0 0 0 rg BT 99.16 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 110.42 578.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 128.08 578.10 Td (evaluation ) Tj ET Q
q 0 0 0 rg BT 174.32 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 185.57 578.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 193.54 578.10 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 242.69 578.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 253.37 578.10 Td (future ) Tj ET Q
q 0 0 0 rg BT 280.95 578.10 Td (periods ) Tj ET Q
q 0 0 0 rg BT 314.36 578.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 329.69 578.10 Td (subject ) Tj ET Q
q 0 0 0 rg BT 361.93 578.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 372.61 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.94 578.10 Td (risk ) Tj ET Q
q 0 0 0 rg BT 406.20 578.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 424.45 578.10 Td (controls ) Tj ET Q
q 0 0 0 rg BT 460.78 578.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 481.37 578.10 Td (become ) Tj ET Q
q 0 0 0 rg BT 516.52 578.10 Td (inadequate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.50 Td (because ) Tj ET Q
q 0 0 0 rg BT 85.85 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 97.23 565.50 Td (changes ) Tj ET Q
q 0 0 0 rg BT 133.67 565.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 144.46 565.50 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 193.46 565.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 204.83 565.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 223.20 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 238.66 565.50 Td (degree ) Tj ET Q
q 0 0 0 rg BT 269.26 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 280.63 565.50 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 331.65 565.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 352.94 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 368.40 565.50 Td (policies ) Tj ET Q
q 0 0 0 rg BT 403.68 565.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 415.05 565.50 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 463.74 565.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 484.44 565.50 Td (deteriorate.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.30 Td (Critical ) Tj ET Q
q 0 0 0 rg BT 84.91 540.30 Td (Audit ) Tj ET Q
q 0 0 0 rg BT 111.46 540.30 Td (Matters) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 515.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.25 515.10 Td (critical ) Tj ET Q
q 0 0 0 rg BT 99.32 515.10 Td (audit ) Tj ET Q
q 0 0 0 rg BT 122.24 515.10 Td (matters ) Tj ET Q
q 0 0 0 rg BT 155.07 515.10 Td (communicated ) Tj ET Q
q 0 0 0 rg BT 218.80 515.10 Td (below) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 244.46 515.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 246.39 515.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 261.13 515.10 Td (matters) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 292.03 515.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 293.96 515.10 Td (arising ) Tj ET Q
q 0 0 0 rg BT 324.46 515.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 346.79 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.54 515.10 Td (current ) Tj ET Q
q 0 0 0 rg BT 393.20 515.10 Td (period ) Tj ET Q
q 0 0 0 rg BT 421.94 515.10 Td (audit ) Tj ET Q
q 0 0 0 rg BT 444.86 515.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 455.53 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.28 515.10 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 525.28 515.10 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.50 Td (statements ) Tj ET Q
q 0 0 0 rg BT 97.14 502.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 115.71 502.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 138.93 502.50 Td (communicated ) Tj ET Q
q 0 0 0 rg BT 203.56 502.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 215.13 502.50 Td (required ) Tj ET Q
q 0 0 0 rg BT 252.93 502.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 263.92 502.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 276.65 502.50 Td (communicated ) Tj ET Q
q 0 0 0 rg BT 341.28 502.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 352.27 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 367.92 502.50 Td (audit ) Tj ET Q
q 0 0 0 rg BT 391.73 502.50 Td (committee ) Tj ET Q
q 0 0 0 rg BT 438.87 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 456.85 502.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 475.42 502.50 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 488.15 502.50 Td (relate ) Tj ET Q
q 0 0 0 rg BT 514.28 502.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 525.27 502.50 Td (accounts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 489.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 63.16 489.90 Td (disclosures ) Tj ET Q
q 0 0 0 rg BT 114.23 489.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 134.39 489.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 151.62 489.90 Td (material ) Tj ET Q
q 0 0 0 rg BT 190.43 489.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 203.01 489.90 Td (the) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 215.84 489.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 220.25 489.90 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 277.74 489.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 318.88 489.90 Td (statements ) Tj ET Q
q 0 0 0 rg BT 367.62 489.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 387.19 489.90 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 404.43 489.90 Td (involved ) Tj ET Q
q 0 0 0 rg BT 445.59 489.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 464.00 489.90 Td (especially ) Tj ET Q
q 0 0 0 rg BT 510.39 489.90 Td (challenging, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 477.30 Td (subjective, ) Tj ET Q
q 0 0 0 rg BT 97.44 477.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 108.44 477.30 Td (complex ) Tj ET Q
q 0 0 0 rg BT 146.84 477.30 Td (judgments. ) Tj ET Q
q 0 0 0 rg BT 195.30 477.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 213.88 477.30 Td (communication ) Tj ET Q
q 0 0 0 rg BT 281.44 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 292.44 477.30 Td (critical ) Tj ET Q
q 0 0 0 rg BT 323.83 477.30 Td (audit ) Tj ET Q
q 0 0 0 rg BT 347.08 477.30 Td (matters ) Tj ET Q
q 0 0 0 rg BT 380.23 477.30 Td (does ) Tj ET Q
q 0 0 0 rg BT 401.73 477.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 417.39 477.30 Td (alter ) Tj ET Q
q 0 0 0 rg BT 438.29 477.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 448.71 477.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 466.12 477.30 Td (way ) Tj ET Q
q 0 0 0 rg BT 485.86 477.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 502.10 477.30 Td (opinion ) Tj ET Q
q 0 0 0 rg BT 536.44 477.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 549.19 477.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 464.70 Td (consolidated) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 103.07 464.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 106.44 464.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 146.54 464.70 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 196.86 464.70 Td (taken ) Tj ET Q
q 0 0 0 rg BT 222.96 464.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 235.08 464.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 243.11 464.70 Td (whole, ) Tj ET Q
q 0 0 0 rg BT 274.76 464.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 293.29 464.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 308.91 464.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 325.09 464.70 Td (not, ) Tj ET Q
q 0 0 0 rg BT 344.50 464.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 358.37 464.70 Td (communicating ) Tj ET Q
q 0 0 0 rg BT 427.06 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.26 464.70 Td (critical ) Tj ET Q
q 0 0 0 rg BT 475.77 464.70 Td (audit ) Tj ET Q
q 0 0 0 rg BT 500.14 464.70 Td (matters ) Tj ET Q
q 0 0 0 rg BT 534.41 464.70 Td (below) Tj ET Q
q 0 0 0 rg BT 559.39 464.70 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 452.10 Td (providing ) Tj ET Q
q 0 0 0 rg BT 93.46 452.10 Td (separate ) Tj ET Q
q 0 0 0 rg BT 130.47 452.10 Td (opinions ) Tj ET Q
q 0 0 0 rg BT 169.27 452.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 182.40 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.85 452.10 Td (critical ) Tj ET Q
q 0 0 0 rg BT 229.62 452.10 Td (audit ) Tj ET Q
q 0 0 0 rg BT 253.24 452.10 Td (matters ) Tj ET Q
q 0 0 0 rg BT 286.77 452.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 298.15 452.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 311.27 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 326.72 452.10 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 366.09 452.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 377.46 452.10 Td (disclosures ) Tj ET Q
q 0 0 0 rg BT 426.74 452.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 437.54 452.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 465.82 452.10 Td (they ) Tj ET Q
q 0 0 0 rg BT 486.53 452.10 Td (relate.) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.90 Td (Indefinite-Lived ) Tj ET Q
q 0 0 0 rg BT 119.69 426.90 Td (Intangibles ) Tj ET Q
q 0 0 0 rg BT 169.56 426.90 Td (Impairment ) Tj ET Q
q 0 0 0 rg BT 220.99 426.90 Td (Assessment) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 401.70 Td (As ) Tj ET Q
q 0 0 0 rg BT 66.04 401.70 Td (described ) Tj ET Q
q 0 0 0 rg BT 110.64 401.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 123.18 401.70 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 152.05 401.70 Td (1 ) Tj ET Q
q 0 0 0 rg BT 161.67 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 181.20 401.70 Td (5 ) Tj ET Q
q 0 0 0 rg BT 190.82 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 203.36 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.56 401.70 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 278.00 401.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 319.10 401.70 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 370.42 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.62 401.70 Td (Company�) Tj ET Q
q 0 0 0 rg BT 431.37 401.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 439.83 401.70 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 497.27 401.70 Td (indefinite-lived ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 389.10 Td (intangibles ) Tj ET Q
q 0 0 0 rg BT 98.17 389.10 Td (balance ) Tj ET Q
q 0 0 0 rg BT 132.32 389.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 150.74 389.10 Td ($3.2 ) Tj ET Q
q 0 0 0 rg BT 171.21 389.10 Td (billion ) Tj ET Q
q 0 0 0 rg BT 200.72 389.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 211.56 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 222.40 389.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 251.90 389.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 267.11 389.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 292.83 389.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 320.58 389.10 Td (represented ) Tj ET Q
q 0 0 0 rg BT 371.06 389.10 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 411.05 389.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 421.31 389.10 Td (manage ) Tj ET Q
q 0 0 0 rg BT 456.06 389.10 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 504.79 389.10 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 536.05 389.10 Td (funds, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.50 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 77.35 376.50 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 105.58 376.50 Td (funds-of-hedge ) Tj ET Q
q 0 0 0 rg BT 172.00 376.50 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 200.23 376.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 211.25 376.50 Td (real ) Tj ET Q
q 0 0 0 rg BT 229.26 376.50 Td (estate ) Tj ET Q
q 0 0 0 rg BT 255.43 376.50 Td (funds ) Tj ET Q
q 0 0 0 rg BT 281.04 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.48 376.50 Td (trade ) Tj ET Q
q 0 0 0 rg BT 321.73 376.50 Td (names ) Tj ET Q
q 0 0 0 rg BT 350.83 376.50 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 389.85 376.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 412.54 376.50 Td (acquisitions. ) Tj ET Q
q 0 0 0 rg BT 467.60 376.50 Td (Management ) Tj ET Q
q 0 0 0 rg BT 524.69 376.50 Td (conducts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 363.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 62.29 363.90 Td (annual ) Tj ET Q
q 0 0 0 rg BT 92.65 363.90 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 143.44 363.90 Td (test ) Tj ET Q
q 0 0 0 rg BT 160.40 363.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 171.52 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 182.65 363.90 Td (October ) Tj ET Q
q 0 0 0 rg BT 218.84 363.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 234.34 363.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 245.47 363.90 Td (more ) Tj ET Q
q 0 0 0 rg BT 269.42 363.90 Td (frequently ) Tj ET Q
q 0 0 0 rg BT 314.95 363.90 Td (if ) Tj ET Q
q 0 0 0 rg BT 323.74 363.90 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 367.52 363.90 Td (events ) Tj ET Q
q 0 0 0 rg BT 396.72 363.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 418.92 363.90 Td (occurred ) Tj ET Q
q 0 0 0 rg BT 458.03 363.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 476.15 363.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 496.60 363.90 Td (indicate ) Tj ET Q
q 0 0 0 rg BT 532.22 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 547.42 363.90 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.55 351.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 90.36 351.30 Td (declined ) Tj ET Q
q 0 0 0 rg BT 127.74 351.30 Td (below ) Tj ET Q
q 0 0 0 rg BT 155.21 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 169.85 351.30 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 206.64 351.30 Td (amount. ) Tj ET Q
q 0 0 0 rg BT 242.17 351.30 Td (An ) Tj ET Q
q 0 0 0 rg BT 256.82 351.30 Td (asset ) Tj ET Q
q 0 0 0 rg BT 279.04 351.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 287.85 351.30 Td (determined ) Tj ET Q
q 0 0 0 rg BT 336.90 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 346.87 351.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 358.60 351.30 Td (impaired ) Tj ET Q
q 0 0 0 rg BT 397.73 351.30 Td (if ) Tj ET Q
q 0 0 0 rg BT 405.95 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.59 351.30 Td (current ) Tj ET Q
q 0 0 0 rg BT 452.13 351.30 Td (fair ) Tj ET Q
q 0 0 0 rg BT 468.52 351.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 493.07 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 503.62 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 518.26 351.30 Td (indefinite-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 338.70 Td (lived ) Tj ET Q
q 0 0 0 rg BT 73.42 338.70 Td (intangibles ) Tj ET Q
q 0 0 0 rg BT 121.91 338.70 Td (unit ) Tj ET Q
q 0 0 0 rg BT 140.67 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 151.83 338.70 Td (account ) Tj ET Q
q 0 0 0 rg BT 186.90 338.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 196.33 338.70 Td (less ) Tj ET Q
q 0 0 0 rg BT 214.50 338.70 Td (than ) Tj ET Q
q 0 0 0 rg BT 235.00 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.24 338.70 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 289.39 338.70 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 326.79 338.70 Td (value. ) Tj ET Q
q 0 0 0 rg BT 354.40 338.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 373.15 338.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 390.14 338.70 Td (values ) Tj ET Q
q 0 0 0 rg BT 419.38 338.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 434.62 338.70 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 477.28 338.70 Td (based ) Tj ET Q
q 0 0 0 rg BT 503.60 338.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 516.52 338.70 Td (discounted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 326.10 Td (projected ) Tj ET Q
q 0 0 0 rg BT 91.24 326.10 Td (cash ) Tj ET Q
q 0 0 0 rg BT 112.08 326.10 Td (flows. ) Tj ET Q
q 0 0 0 rg BT 139.74 326.10 Td (As ) Tj ET Q
q 0 0 0 rg BT 153.58 326.10 Td (disclosed ) Tj ET Q
q 0 0 0 rg BT 194.84 326.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 207.52 326.10 Td (management, ) Tj ET Q
q 0 0 0 rg BT 265.97 326.10 Td (determining ) Tj ET Q
q 0 0 0 rg BT 318.89 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 333.90 326.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 350.65 326.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 375.56 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.49 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.50 326.10 Td (indefinite-lived ) Tj ET Q
q 0 0 0 rg BT 468.41 326.10 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 512.58 326.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 539.25 326.10 Td (using ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 313.50 Td (this ) Tj ET Q
q 0 0 0 rg BT 67.42 313.50 Td (technique ) Tj ET Q
q 0 0 0 rg BT 110.48 313.50 Td (involved ) Tj ET Q
q 0 0 0 rg BT 149.47 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 164.54 313.50 Td (use ) Tj ET Q
q 0 0 0 rg BT 180.78 313.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 191.77 313.50 Td (significant ) Tj ET Q
q 0 0 0 rg BT 238.34 313.50 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 292.51 313.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 323.31 313.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 333.72 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 348.80 313.50 Td (cash ) Tj ET Q
q 0 0 0 rg BT 369.70 313.50 Td (flow ) Tj ET Q
q 0 0 0 rg BT 391.19 313.50 Td (projections, ) Tj ET Q
q 0 0 0 rg BT 442.72 313.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 484.62 313.50 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 525.94 313.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 536.93 313.50 Td (future ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 300.90 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 92.56 300.90 Td (growth ) Tj ET Q
q 0 0 0 rg BT 124.94 300.90 Td (rates ) Tj ET Q
q 0 0 0 rg BT 147.38 300.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 158.18 300.90 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 187.93 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.38 300.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 234.57 300.90 Td (profit ) Tj ET Q
q 0 0 0 rg BT 260.52 300.90 Td (mar) Tj ET Q
q 0 0 0 rg BT 276.66 300.90 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 299.41 300.90 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 323.61 300.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 341.40 300.90 Td (discount ) Tj ET Q
q 0 0 0 rg BT 379.61 300.90 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 404.68 300.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 275.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 70.75 275.70 Td (principal ) Tj ET Q
q 0 0 0 rg BT 112.49 275.70 Td (considerations ) Tj ET Q
q 0 0 0 rg BT 177.56 275.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 194.23 275.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 212.65 275.70 Td (determination ) Tj ET Q
q 0 0 0 rg BT 275.38 275.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 295.55 275.70 Td (performing ) Tj ET Q
q 0 0 0 rg BT 347.21 275.70 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 397.69 275.70 Td (relating ) Tj ET Q
q 0 0 0 rg BT 434.18 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 446.77 275.70 Td (indefinite-lived ) Tj ET Q
q 0 0 0 rg BT 515.92 275.70 Td (intangibles ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 263.10 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 101.39 263.10 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 151.05 263.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 161.04 263.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 168.69 263.10 Td (critical ) Tj ET Q
q 0 0 0 rg BT 200.83 263.10 Td (audit ) Tj ET Q
q 0 0 0 rg BT 224.81 263.10 Td (matter ) Tj ET Q
q 0 0 0 rg BT 254.62 263.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 270.43 263.10 Td (there ) Tj ET Q
q 0 0 0 rg BT 294.40 263.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 313.72 263.10 Td (significant ) Tj ET Q
q 0 0 0 rg BT 361.04 263.10 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 403.69 263.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 417.18 263.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 473.81 263.10 Td (when ) Tj ET Q
q 0 0 0 rg BT 499.54 263.10 Td (developing ) Tj ET Q
q 0 0 0 rg BT 549.19 263.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 250.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 66.78 250.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 91.72 250.50 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 128.92 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 139.87 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.91 250.50 Td (indefinite-lived ) Tj ET Q
q 0 0 0 rg BT 221.85 250.50 Td (intangibles. ) Tj ET Q
q 0 0 0 rg BT 272.60 250.50 Td (This ) Tj ET Q
q 0 0 0 rg BT 293.47 250.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 303.85 250.50 Td (turn ) Tj ET Q
q 0 0 0 rg BT 322.97 250.50 Td (led ) Tj ET Q
q 0 0 0 rg BT 338.00 250.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 348.38 250.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 355.24 250.50 Td (high ) Tj ET Q
q 0 0 0 rg BT 376.12 250.50 Td (degree ) Tj ET Q
q 0 0 0 rg BT 406.30 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 417.26 250.50 Td (auditor ) Tj ET Q
q 0 0 0 rg BT 449.21 250.50 Td (judgment, ) Tj ET Q
q 0 0 0 rg BT 493.70 250.50 Td (subjectivity) Tj ET Q
q 0 0 0 rg BT 542.02 250.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 546.85 250.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 237.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 57.97 237.90 Td (fort ) Tj ET Q
q 0 0 0 rg BT 75.38 237.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 85.81 237.90 Td (performing ) Tj ET Q
q 0 0 0 rg BT 135.30 237.90 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 183.62 237.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 194.04 237.90 Td (evaluate ) Tj ET Q
q 0 0 0 rg BT 231.27 237.90 Td (management�) Tj ET Q
q 0 0 0 rg BT 287.84 237.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 294.18 237.90 Td (significant ) Tj ET Q
q 0 0 0 rg BT 340.76 237.90 Td (assumptions, ) Tj ET Q
q 0 0 0 rg BT 397.56 237.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 439.48 237.90 Td (growth ) Tj ET Q
q 0 0 0 rg BT 471.48 237.90 Td (rates ) Tj ET Q
q 0 0 0 rg BT 493.56 237.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 504.07 237.90 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 533.45 237.90 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 225.30 Td (profit ) Tj ET Q
q 0 0 0 rg BT 75.97 225.30 Td (mar) Tj ET Q
q 0 0 0 rg BT 92.10 225.30 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 114.88 225.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 132.68 225.30 Td (discount ) Tj ET Q
q 0 0 0 rg BT 170.90 225.30 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 195.99 225.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 198.63 225.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 210.02 225.30 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 249.70 225.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 265.17 225.30 Td (audit ) Tj ET Q
q 0 0 0 rg BT 288.81 225.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 296.77 225.30 Td (fort ) Tj ET Q
q 0 0 0 rg BT 314.58 225.30 Td (involved ) Tj ET Q
q 0 0 0 rg BT 353.96 225.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.43 225.30 Td (use ) Tj ET Q
q 0 0 0 rg BT 386.07 225.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 397.46 225.30 Td (professionals ) Tj ET Q
q 0 0 0 rg BT 455.51 225.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 476.82 225.30 Td (specialized ) Tj ET Q
q 0 0 0 rg BT 526.10 225.30 Td (skill ) Tj ET Q
q 0 0 0 rg BT 546.83 225.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 212.70 Td (knowledge ) Tj ET Q
q 0 0 0 rg BT 98.70 212.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 109.49 212.70 Td (assist ) Tj ET Q
q 0 0 0 rg BT 134.87 212.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 145.66 212.70 Td (performing ) Tj ET Q
q 0 0 0 rg BT 195.52 212.70 Td (these ) Tj ET Q
q 0 0 0 rg BT 219.72 212.70 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 268.41 212.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 286.19 212.70 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 332.55 212.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 348.01 212.70 Td (audit ) Tj ET Q
q 0 0 0 rg BT 371.63 212.70 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 411.56 212.70 Td (obtained.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 187.50 Td (Addressing ) Tj ET Q
q 0 0 0 rg BT 99.66 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.31 187.50 Td (matter ) Tj ET Q
q 0 0 0 rg BT 142.96 187.50 Td (involved ) Tj ET Q
q 0 0 0 rg BT 181.53 187.50 Td (performing ) Tj ET Q
q 0 0 0 rg BT 230.59 187.50 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 278.48 187.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 295.47 187.50 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 341.03 187.50 Td (audit ) Tj ET Q
q 0 0 0 rg BT 363.85 187.50 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 402.99 187.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 412.98 187.50 Td (connection ) Tj ET Q
q 0 0 0 rg BT 460.88 187.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 481.37 187.50 Td (forming ) Tj ET Q
q 0 0 0 rg BT 517.03 187.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 532.85 187.50 Td (overall ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 174.90 Td (opinion ) Tj ET Q
q 0 0 0 rg BT 84.38 174.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 97.18 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.30 174.90 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 167.67 174.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 206.70 174.90 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 255.78 174.90 Td (These ) Tj ET Q
q 0 0 0 rg BT 283.15 174.90 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 331.51 174.90 Td (included ) Tj ET Q
q 0 0 0 rg BT 369.96 174.90 Td (testing ) Tj ET Q
q 0 0 0 rg BT 400.26 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 415.38 174.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 423.35 174.90 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 472.29 174.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 483.34 174.90 Td (controls ) Tj ET Q
q 0 0 0 rg BT 519.46 174.90 Td (relating ) Tj ET Q
q 0 0 0 rg BT 553.83 174.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.35 162.30 Td (indefinite-lived ) Tj ET Q
q 0 0 0 rg BT 130.59 162.30 Td (intangibles ) Tj ET Q
q 0 0 0 rg BT 178.19 162.30 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 228.11 162.30 Td (assessment, ) Tj ET Q
q 0 0 0 rg BT 278.92 162.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 320.10 162.30 Td (controls ) Tj ET Q
q 0 0 0 rg BT 355.44 162.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 375.62 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 389.96 162.30 Td (determination ) Tj ET Q
q 0 0 0 rg BT 449.80 162.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 460.06 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 474.41 162.30 Td (cash ) Tj ET Q
q 0 0 0 rg BT 494.58 162.30 Td (flow ) Tj ET Q
q 0 0 0 rg BT 515.35 162.30 Td (projections ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.74 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 85.14 149.70 Td (significant ) Tj ET Q
q 0 0 0 rg BT 133.04 149.70 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 188.54 149.70 Td (used. ) Tj ET Q
q 0 0 0 rg BT 213.74 149.70 Td (These ) Tj ET Q
q 0 0 0 rg BT 242.38 149.70 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 292.02 149.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 312.51 149.70 Td (included, ) Tj ET Q
q 0 0 0 rg BT 354.87 149.70 Td (among ) Tj ET Q
q 0 0 0 rg BT 387.03 149.70 Td (others, ) Tj ET Q
q 0 0 0 rg BT 418.89 149.70 Td (testing ) Tj ET Q
q 0 0 0 rg BT 450.47 149.70 Td (management�) Tj ET Q
q 0 0 0 rg BT 507.03 149.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 514.69 149.70 Td (process ) Tj ET Q
q 0 0 0 rg BT 549.76 149.70 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 137.10 Td (developing ) Tj ET Q
q 0 0 0 rg BT 101.98 137.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.13 137.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 140.03 137.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 168.10 137.10 Td (estimate; ) Tj ET Q
q 0 0 0 rg BT 211.33 137.10 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 260.39 137.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 278.54 137.10 Td (appropriateness ) Tj ET Q
q 0 0 0 rg BT 349.76 137.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 363.83 137.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 381.98 137.10 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 432.80 137.10 Td (cash ) Tj ET Q
q 0 0 0 rg BT 456.78 137.10 Td (flow ) Tj ET Q
q 0 0 0 rg BT 481.36 137.10 Td (model; ) Tj ET Q
q 0 0 0 rg BT 515.84 137.10 Td (testing ) Tj ET Q
q 0 0 0 rg BT 549.17 137.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 124.50 Td (completeness, ) Tj ET Q
q 0 0 0 rg BT 112.47 124.50 Td (accuracy) Tj ET Q
q 0 0 0 rg BT 149.08 124.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 154.98 124.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 173.41 124.50 Td (relevance ) Tj ET Q
q 0 0 0 rg BT 216.90 124.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.92 124.50 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 277.69 124.50 Td (data ) Tj ET Q
q 0 0 0 rg BT 298.45 124.50 Td (used ) Tj ET Q
q 0 0 0 rg BT 320.97 124.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 332.41 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 348.51 124.50 Td (model; ) Tj ET Q
q 0 0 0 rg BT 380.94 124.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 399.38 124.50 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 446.38 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 462.48 124.50 Td (significant ) Tj ET Q
q 0 0 0 rg BT 510.08 124.50 Td (assumptions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 111.90 Td (used ) Tj ET Q
q 0 0 0 rg BT 71.83 111.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 84.91 111.90 Td (management, ) Tj ET Q
q 0 0 0 rg BT 143.75 111.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 186.00 111.90 Td (growth ) Tj ET Q
q 0 0 0 rg BT 218.32 111.90 Td (rates ) Tj ET Q
q 0 0 0 rg BT 240.72 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 251.48 111.90 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 281.19 111.90 Td (profit ) Tj ET Q
q 0 0 0 rg BT 307.09 111.90 Td (mar) Tj ET Q
q 0 0 0 rg BT 323.23 111.90 Td (gins ) Tj ET Q
q 0 0 0 rg BT 343.31 111.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 361.05 111.90 Td (discount ) Tj ET Q
q 0 0 0 rg BT 399.21 111.90 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 424.24 111.90 Td (Evaluating ) Tj ET Q
q 0 0 0 rg BT 472.31 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.71 111.90 Td (reasonableness ) Tj ET Q
q 0 0 0 rg BT 553.27 111.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 99.30 Td (management�) Tj ET Q
q 0 0 0 rg BT 106.56 99.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 114.96 99.30 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 171.19 99.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 204.07 99.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 216.55 99.30 Td (growth ) Tj ET Q
q 0 0 0 rg BT 250.60 99.30 Td (rates ) Tj ET Q
q 0 0 0 rg BT 274.74 99.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 286.84 99.30 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 315.66 99.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 335.13 99.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 368.00 99.30 Td (profit ) Tj ET Q
q 0 0 0 rg BT 395.64 99.30 Td (mar) Tj ET Q
q 0 0 0 rg BT 411.78 99.30 Td (gins ) Tj ET Q
q 0 0 0 rg BT 433.59 99.30 Td (involved ) Tj ET Q
q 0 0 0 rg BT 474.65 99.30 Td (considering ) Tj ET Q
q 0 0 0 rg BT 527.95 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 545.09 99.30 Td (past ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 86.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.78 86.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.25 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.81 86.70 Td (indefinite-lived ) Tj ET Q
q 0 0 0 rg BT 200.26 86.70 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 244.98 86.70 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 274.83 86.70 Td (consistency ) Tj ET Q
q 0 0 0 rg BT 326.55 86.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 347.95 86.70 Td (macroeconomic ) Tj ET Q
q 0 0 0 rg BT 417.73 86.70 Td (trends ) Tj ET Q
q 0 0 0 rg BT 446.12 86.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 464.59 86.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 485.39 86.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 516.70 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 532.25 86.70 Td (growth ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 74.10 Td (rates ) Tj ET Q
q 0 0 0 rg BT 71.94 74.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 82.33 74.10 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 108.95 74.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 126.23 74.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 156.91 74.10 Td (profit ) Tj ET Q
q 0 0 0 rg BT 182.35 74.10 Td (mar) Tj ET Q
q 0 0 0 rg BT 198.49 74.10 Td (gin ) Tj ET Q
q 0 0 0 rg BT 214.02 74.10 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 268.06 74.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 285.34 74.10 Td (whether ) Tj ET Q
q 0 0 0 rg BT 321.27 74.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 344.96 74.10 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 399.00 74.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 421.52 74.10 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 465.63 74.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 486.42 74.10 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 525.84 74.10 Td (obtained ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 61.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.07 61.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 85.54 61.50 Td (areas ) Tj ET Q
q 0 0 0 rg BT 110.01 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 121.66 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 137.38 61.50 Td (audit. ) Tj ET Q
q 0 0 0 rg BT 163.90 61.50 Td (Professionals ) Tj ET Q
q 0 0 0 rg BT 222.80 61.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 244.37 61.50 Td (specialized ) Tj ET Q
q 0 0 0 rg BT 293.91 61.50 Td (skill ) Tj ET Q
q 0 0 0 rg BT 314.90 61.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.96 61.50 Td (knowledge ) Tj ET Q
q 0 0 0 rg BT 381.94 61.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 405.24 61.50 Td (used ) Tj ET Q
q 0 0 0 rg BT 427.39 61.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 438.45 61.50 Td (assist ) Tj ET Q
q 0 0 0 rg BT 464.11 61.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 475.18 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.91 61.50 Td (evaluation ) Tj ET Q
q 0 0 0 rg BT 537.54 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.19 61.50 Td (the ) Tj ET Q
endstream
endobj
177 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 178 0 R>>
endobj
178 0 obj
<</Length 28629>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (86) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (Company�) Tj ET Q
q 0 0 0 rg BT 93.75 741.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 100.92 741.75 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 149.49 741.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 171.23 741.75 Td (flow ) Tj ET Q
q 0 0 0 rg BT 193.56 741.75 Td (model ) Tj ET Q
q 0 0 0 rg BT 222.89 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 241.13 741.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 272.78 741.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 320.19 741.75 Td (assumptions, ) Tj ET Q
q 0 0 0 rg BT 377.82 741.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 420.56 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 436.47 741.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 469.30 741.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 492.21 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 503.36 741.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 530.94 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.18 741.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (discount ) Tj ET Q
q 0 0 0 rg BT 88.21 729.15 Td (rates.) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 50.00 703.95 Td (Realizability ) Tj ET Q
q 0 0 0 rg BT 105.70 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.49 703.95 Td (Deferr) Tj ET Q
q 0 0 0 rg BT 144.10 703.95 Td (ed ) Tj ET Q
q 0 0 0 rg BT 156.63 703.95 Td (T) Tj ET Q
q 0 0 0 rg BT 161.51 703.95 Td (ax ) Tj ET Q
q 0 0 0 rg BT 173.86 703.95 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 202.73 703.95 Td (- ) Tj ET Q
q 0 0 0 rg BT 208.85 703.95 Td (Domestic ) Tj ET Q
q 0 0 0 rg BT 251.14 703.95 Td (Net ) Tj ET Q
q 0 0 0 rg BT 268.35 703.95 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 314.14 703.95 Td (Loss ) Tj ET Q
q 0 0 0 rg BT 336.02 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 354.40 703.95 Td (For) Tj ET Q
q 0 0 0 rg BT 369.76 703.95 Td (eign ) Tj ET Q
q 0 0 0 rg BT 390.46 703.95 Td (T) Tj ET Q
q 0 0 0 rg BT 395.34 703.95 Td (ax ) Tj ET Q
q 0 0 0 rg BT 407.87 703.95 Td (Cr) Tj ET Q
q 0 0 0 rg BT 418.57 703.95 Td (edit ) Tj ET Q
q 0 0 0 rg BT 436.94 703.95 Td (Carryforwar) Tj ET Q
q 0 0 0 rg BT 490.24 703.95 Td (ds ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.66 678.75 Td (described ) Tj ET Q
q 0 0 0 rg BT 105.88 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 116.04 678.75 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 142.53 678.75 Td (1 ) Tj ET Q
q 0 0 0 rg BT 149.77 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 166.92 678.75 Td (7 ) Tj ET Q
q 0 0 0 rg BT 174.16 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 184.32 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.14 678.75 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 254.20 678.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 292.92 678.75 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 341.86 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 356.68 678.75 Td (Company�) Tj ET Q
q 0 0 0 rg BT 400.43 678.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 406.51 678.75 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 461.57 678.75 Td (gross ) Tj ET Q
q 0 0 0 rg BT 485.73 678.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 522.69 678.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 537.51 678.75 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 666.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 73.65 666.15 Td ($929 ) Tj ET Q
q 0 0 0 rg BT 97.90 666.15 Td (million, ) Tj ET Q
q 0 0 0 rg BT 134.12 666.15 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 178.78 666.15 Td ($137 ) Tj ET Q
q 0 0 0 rg BT 203.03 666.15 Td (million ) Tj ET Q
q 0 0 0 rg BT 236.62 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.62 666.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 290.94 666.15 Td (allowance ) Tj ET Q
q 0 0 0 rg BT 336.76 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 348.75 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.75 666.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 391.41 666.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 407.79 666.15 Td (2020; ) Tj ET Q
q 0 0 0 rg BT 434.96 666.15 Td (63% ) Tj ET Q
q 0 0 0 rg BT 457.45 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 469.45 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 485.53 666.15 Td (gross ) Tj ET Q
q 0 0 0 rg BT 510.95 666.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 549.18 666.15 Td (tax ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 76.99 653.55 Td (relate ) Tj ET Q
q 0 0 0 rg BT 102.79 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 113.45 653.55 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 153.85 653.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 169.16 653.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 211.31 653.55 Td (loss ) Tj ET Q
q 0 0 0 rg BT 230.14 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 247.79 653.55 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 280.60 653.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 295.91 653.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 322.31 653.55 Td (carryforwards. ) Tj ET Q
q 0 0 0 rg BT 386.30 653.55 Td (Realizability ) Tj ET Q
q 0 0 0 rg BT 442.44 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.68 653.55 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 491.14 653.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 506.46 653.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 533.45 653.55 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 61.43 640.95 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 102.60 640.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 145.51 640.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 173.85 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 192.27 640.95 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 225.86 640.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 241.94 640.95 Td (credit ) Tj ET Q
q 0 0 0 rg BT 269.10 640.95 Td (carryforwards ) Tj ET Q
q 0 0 0 rg BT 331.25 640.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 341.51 640.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 392.00 640.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 419.17 640.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 432.93 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 449.02 640.95 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 491.35 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 503.36 640.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 531.69 640.95 Td (taxable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 82.94 628.35 Td (involving ) Tj ET Q
q 0 0 0 rg BT 125.23 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 140.10 628.35 Td (use ) Tj ET Q
q 0 0 0 rg BT 156.14 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 166.92 628.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 213.28 628.35 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 267.24 628.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 297.85 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 308.05 628.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 328.75 628.35 Td (flow ) Tj ET Q
q 0 0 0 rg BT 350.03 628.35 Td (projections, ) Tj ET Q
q 0 0 0 rg BT 401.35 628.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 443.05 628.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 484.17 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.95 628.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 522.06 628.35 Td (revenues, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 615.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 82.05 615.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 104.17 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 114.71 615.75 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 144.13 615.75 Td (profit ) Tj ET Q
q 0 0 0 rg BT 169.76 615.75 Td (mar) Tj ET Q
q 0 0 0 rg BT 185.90 615.75 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 208.32 615.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 235.69 615.75 Td (state ) Tj ET Q
q 0 0 0 rg BT 257.24 615.75 Td (apportionment ) Tj ET Q
q 0 0 0 rg BT 320.77 615.75 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 354.27 615.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 381.64 615.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 389.60 615.75 Td (fective ) Tj ET Q
q 0 0 0 rg BT 420.47 615.75 Td (state ) Tj ET Q
q 0 0 0 rg BT 442.01 615.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 457.14 615.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 479.26 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 496.72 615.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 529.34 615.75 Td (sourced ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.15 Td (earnings. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 577.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.28 577.95 Td (principal ) Tj ET Q
q 0 0 0 rg BT 109.56 577.95 Td (considerations ) Tj ET Q
q 0 0 0 rg BT 173.17 577.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 188.37 577.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 205.32 577.95 Td (determination ) Tj ET Q
q 0 0 0 rg BT 266.60 577.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 285.30 577.95 Td (performing ) Tj ET Q
q 0 0 0 rg BT 335.49 577.95 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 384.51 577.95 Td (relating ) Tj ET Q
q 0 0 0 rg BT 419.54 577.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 430.66 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.45 577.95 Td (realizability ) Tj ET Q
q 0 0 0 rg BT 499.55 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 511.25 577.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 549.18 577.95 Td (tax ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 76.40 565.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 98.72 565.35 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 138.53 565.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 153.27 565.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 194.82 565.35 Td (loss ) Tj ET Q
q 0 0 0 rg BT 213.07 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 230.13 565.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 262.36 565.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 277.09 565.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 302.90 565.35 Td (carryforwards ) Tj ET Q
q 0 0 0 rg BT 363.69 565.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 372.60 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 379.16 565.35 Td (critical ) Tj ET Q
q 0 0 0 rg BT 410.22 565.35 Td (audit ) Tj ET Q
q 0 0 0 rg BT 433.12 565.35 Td (matter ) Tj ET Q
q 0 0 0 rg BT 461.84 565.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 476.57 565.35 Td (there ) Tj ET Q
q 0 0 0 rg BT 499.46 565.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 517.69 565.35 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 552.75 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 91.92 552.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 104.68 552.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 160.59 552.75 Td (when ) Tj ET Q
q 0 0 0 rg BT 185.59 552.75 Td (determining ) Tj ET Q
q 0 0 0 rg BT 238.59 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.68 552.75 Td (realizability ) Tj ET Q
q 0 0 0 rg BT 306.08 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 317.09 552.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 354.32 552.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 369.41 552.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 396.16 552.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 426.99 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 437.41 552.75 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 477.58 552.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 519.50 552.75 Td (losses ) Tj ET Q
q 0 0 0 rg BT 546.84 552.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.15 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 82.54 540.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 97.59 540.15 Td (credit ) Tj ET Q
q 0 0 0 rg BT 123.71 540.15 Td (carryforwards. ) Tj ET Q
q 0 0 0 rg BT 187.28 540.15 Td (This ) Tj ET Q
q 0 0 0 rg BT 208.16 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 218.55 540.15 Td (turn ) Tj ET Q
q 0 0 0 rg BT 237.68 540.15 Td (led ) Tj ET Q
q 0 0 0 rg BT 252.73 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 263.12 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 269.99 540.15 Td (high ) Tj ET Q
q 0 0 0 rg BT 290.88 540.15 Td (degree ) Tj ET Q
q 0 0 0 rg BT 321.08 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.04 540.15 Td (auditor ) Tj ET Q
q 0 0 0 rg BT 364.00 540.15 Td (judgment, ) Tj ET Q
q 0 0 0 rg BT 408.51 540.15 Td (subjectivity) Tj ET Q
q 0 0 0 rg BT 456.82 540.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 461.67 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 479.05 540.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 487.02 540.15 Td (fort ) Tj ET Q
q 0 0 0 rg BT 504.40 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 514.78 540.15 Td (performing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 527.55 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 99.87 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 111.85 527.55 Td (evaluate ) Tj ET Q
q 0 0 0 rg BT 150.64 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 167.28 527.55 Td (realizability ) Tj ET Q
q 0 0 0 rg BT 221.24 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 233.80 527.55 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 272.58 527.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 289.22 527.55 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 320.16 527.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 363.04 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.60 527.55 Td (future ) Tj ET Q
q 0 0 0 rg BT 404.48 527.55 Td (taxable ) Tj ET Q
q 0 0 0 rg BT 438.61 527.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 473.33 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 492.30 527.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 517.69 527.55 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 514.95 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 104.97 514.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 147.67 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.54 514.95 Td (growth ) Tj ET Q
q 0 0 0 rg BT 196.33 514.95 Td (rates ) Tj ET Q
q 0 0 0 rg BT 219.20 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.32 514.95 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 260.49 514.95 Td (profit ) Tj ET Q
q 0 0 0 rg BT 286.86 514.95 Td (mar) Tj ET Q
q 0 0 0 rg BT 302.99 514.95 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 326.16 514.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 354.28 514.95 Td (state ) Tj ET Q
q 0 0 0 rg BT 376.56 514.95 Td (apportionment ) Tj ET Q
q 0 0 0 rg BT 440.84 514.95 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 475.08 514.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 503.20 514.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 511.16 514.95 Td (fective ) Tj ET Q
q 0 0 0 rg BT 542.77 514.95 Td (state ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 65.42 502.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 87.83 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 105.57 502.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 138.48 502.35 Td (sourced ) Tj ET Q
q 0 0 0 rg BT 173.73 502.35 Td (earnings. ) Tj ET Q
q 0 0 0 rg BT 214.51 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 217.10 502.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 228.43 502.35 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 268.06 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 283.47 502.35 Td (audit ) Tj ET Q
q 0 0 0 rg BT 307.06 502.35 Td (ef) Tj ET Q
q 0 0 0 rg BT 315.03 502.35 Td (fort ) Tj ET Q
q 0 0 0 rg BT 332.77 502.35 Td (involved ) Tj ET Q
q 0 0 0 rg BT 372.11 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.52 502.35 Td (use ) Tj ET Q
q 0 0 0 rg BT 404.11 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 415.44 502.35 Td (professionals ) Tj ET Q
q 0 0 0 rg BT 473.44 502.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 494.70 502.35 Td (specialized ) Tj ET Q
q 0 0 0 rg BT 543.93 502.35 Td (skill ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.79 489.75 Td (knowledge ) Tj ET Q
q 0 0 0 rg BT 116.48 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 127.27 489.75 Td (assist ) Tj ET Q
q 0 0 0 rg BT 152.65 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 163.45 489.75 Td (performing ) Tj ET Q
q 0 0 0 rg BT 213.31 489.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 237.51 489.75 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 286.19 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 303.98 489.75 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 350.34 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.79 489.75 Td (audit ) Tj ET Q
q 0 0 0 rg BT 389.41 489.75 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 429.35 489.75 Td (obtained.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 464.55 Td (Addressing ) Tj ET Q
q 0 0 0 rg BT 99.66 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.31 464.55 Td (matter ) Tj ET Q
q 0 0 0 rg BT 142.96 464.55 Td (involved ) Tj ET Q
q 0 0 0 rg BT 181.53 464.55 Td (performing ) Tj ET Q
q 0 0 0 rg BT 230.59 464.55 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 278.48 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 295.47 464.55 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 341.03 464.55 Td (audit ) Tj ET Q
q 0 0 0 rg BT 363.85 464.55 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 402.99 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 412.98 464.55 Td (connection ) Tj ET Q
q 0 0 0 rg BT 460.88 464.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 481.37 464.55 Td (forming ) Tj ET Q
q 0 0 0 rg BT 517.03 464.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 532.85 464.55 Td (overall ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 451.95 Td (opinion ) Tj ET Q
q 0 0 0 rg BT 84.38 451.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 97.18 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.30 451.95 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 167.67 451.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 206.70 451.95 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 255.78 451.95 Td (These ) Tj ET Q
q 0 0 0 rg BT 283.15 451.95 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 331.51 451.95 Td (included ) Tj ET Q
q 0 0 0 rg BT 369.96 451.95 Td (testing ) Tj ET Q
q 0 0 0 rg BT 400.26 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 415.38 451.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 423.35 451.95 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 472.29 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 483.34 451.95 Td (controls ) Tj ET Q
q 0 0 0 rg BT 519.46 451.95 Td (relating ) Tj ET Q
q 0 0 0 rg BT 553.83 451.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 439.35 Td (management�) Tj ET Q
q 0 0 0 rg BT 106.56 439.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 113.80 439.35 Td (realizability ) Tj ET Q
q 0 0 0 rg BT 167.10 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 179.00 439.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 217.13 439.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 233.11 439.35 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 263.39 439.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 306.21 439.35 Td (controls ) Tj ET Q
q 0 0 0 rg BT 343.19 439.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 365.00 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.98 439.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 423.21 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 435.11 439.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 463.34 439.35 Td (taxable ) Tj ET Q
q 0 0 0 rg BT 496.81 439.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 530.87 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.18 439.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 96.42 426.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 150.44 426.75 Td (used. ) Tj ET Q
q 0 0 0 rg BT 174.25 426.75 Td (These ) Tj ET Q
q 0 0 0 rg BT 201.42 426.75 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 249.57 426.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 268.58 426.75 Td (included, ) Tj ET Q
q 0 0 0 rg BT 309.46 426.75 Td (among ) Tj ET Q
q 0 0 0 rg BT 340.13 426.75 Td (others, ) Tj ET Q
q 0 0 0 rg BT 370.51 426.75 Td (testing ) Tj ET Q
q 0 0 0 rg BT 400.60 426.75 Td (management�) Tj ET Q
q 0 0 0 rg BT 457.17 426.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 463.35 426.75 Td (process ) Tj ET Q
q 0 0 0 rg BT 496.93 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 511.27 426.75 Td (determining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.42 414.15 Td (realizability ) Tj ET Q
q 0 0 0 rg BT 118.15 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 129.49 414.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 167.05 414.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 182.47 414.15 Td (assets; ) Tj ET Q
q 0 0 0 rg BT 212.47 414.15 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 258.79 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.21 414.15 Td (appropriateness ) Tj ET Q
q 0 0 0 rg BT 342.69 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.03 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.45 414.15 Td (undiscounted ) Tj ET Q
q 0 0 0 rg BT 428.03 414.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 449.28 414.15 Td (flow ) Tj ET Q
q 0 0 0 rg BT 471.11 414.15 Td (model; ) Tj ET Q
q 0 0 0 rg BT 502.87 414.15 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 549.19 414.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 401.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 96.91 401.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 151.41 401.55 Td (used ) Tj ET Q
q 0 0 0 rg BT 173.24 401.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 186.32 401.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 242.55 401.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 253.30 401.55 Td (developing ) Tj ET Q
q 0 0 0 rg BT 302.54 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 317.95 401.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 359.61 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.94 401.55 Td (future ) Tj ET Q
q 0 0 0 rg BT 398.59 401.55 Td (taxable ) Tj ET Q
q 0 0 0 rg BT 431.49 401.55 Td (income, ) Tj ET Q
q 0 0 0 rg BT 467.60 401.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 509.85 401.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 542.18 401.55 Td (rates ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.20 388.95 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 91.48 388.95 Td (profit ) Tj ET Q
q 0 0 0 rg BT 117.95 388.95 Td (mar) Tj ET Q
q 0 0 0 rg BT 134.09 388.95 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 157.36 388.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 185.58 388.95 Td (state ) Tj ET Q
q 0 0 0 rg BT 207.97 388.95 Td (apportionment ) Tj ET Q
q 0 0 0 rg BT 272.36 388.95 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 306.70 388.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 334.92 388.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 342.89 388.95 Td (fective ) Tj ET Q
q 0 0 0 rg BT 374.60 388.95 Td (state ) Tj ET Q
q 0 0 0 rg BT 396.99 388.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 412.97 388.95 Td (rates ) Tj ET Q
q 0 0 0 rg BT 435.94 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 454.24 388.95 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 487.71 388.95 Td (sourced ) Tj ET Q
q 0 0 0 rg BT 523.52 388.95 Td (earnings; ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.63 376.35 Td (testing ) Tj ET Q
q 0 0 0 rg BT 98.11 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 113.41 376.35 Td (completeness, ) Tj ET Q
q 0 0 0 rg BT 175.07 376.35 Td (accuracy ) Tj ET Q
q 0 0 0 rg BT 214.84 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 232.48 376.35 Td (relevance ) Tj ET Q
q 0 0 0 rg BT 275.17 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 286.39 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.69 376.35 Td (data ) Tj ET Q
q 0 0 0 rg BT 321.65 376.35 Td (used ) Tj ET Q
q 0 0 0 rg BT 343.37 376.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 354.01 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.31 376.35 Td (calculations. ) Tj ET Q
q 0 0 0 rg BT 424.56 376.35 Td (Evaluating ) Tj ET Q
q 0 0 0 rg BT 472.52 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.82 376.35 Td (reasonableness ) Tj ET Q
q 0 0 0 rg BT 553.27 376.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 363.75 Td (management�) Tj ET Q
q 0 0 0 rg BT 106.56 363.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 113.30 363.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 167.88 363.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 199.10 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 209.92 363.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 242.32 363.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 264.80 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 275.61 363.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 302.77 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 320.58 363.75 Td (profit ) Tj ET Q
q 0 0 0 rg BT 346.57 363.75 Td (mar) Tj ET Q
q 0 0 0 rg BT 362.70 363.75 Td (gins ) Tj ET Q
q 0 0 0 rg BT 382.86 363.75 Td (involved ) Tj ET Q
q 0 0 0 rg BT 422.26 363.75 Td (considering ) Tj ET Q
q 0 0 0 rg BT 473.90 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.39 363.75 Td (past ) Tj ET Q
q 0 0 0 rg BT 508.95 363.75 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.11 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.29 351.15 Td (Company) Tj ET Q
q 0 0 0 rg BT 116.44 351.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 121.43 351.15 Td (consistency ) Tj ET Q
q 0 0 0 rg BT 172.78 351.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 193.81 351.15 Td (macroeconomic ) Tj ET Q
q 0 0 0 rg BT 263.22 351.15 Td (trends ) Tj ET Q
q 0 0 0 rg BT 291.24 351.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 309.35 351.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 329.78 351.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 360.72 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.90 351.15 Td (growth ) Tj ET Q
q 0 0 0 rg BT 408.01 351.15 Td (rates ) Tj ET Q
q 0 0 0 rg BT 430.19 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 440.78 351.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 467.64 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 485.16 351.15 Td (profit ) Tj ET Q
q 0 0 0 rg BT 510.85 351.15 Td (mar) Tj ET Q
q 0 0 0 rg BT 526.98 351.15 Td (gins ) Tj ET Q
q 0 0 0 rg BT 546.85 351.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 338.55 Td (whether ) Tj ET Q
q 0 0 0 rg BT 85.84 338.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 109.44 338.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 163.38 338.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 185.80 338.55 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 229.82 338.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 250.51 338.55 Td (evidence ) Tj ET Q
q 0 0 0 rg BT 289.84 338.55 Td (obtained ) Tj ET Q
q 0 0 0 rg BT 328.02 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 338.21 338.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 361.80 338.55 Td (areas ) Tj ET Q
q 0 0 0 rg BT 385.39 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 396.16 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 411.01 338.55 Td (audit. ) Tj ET Q
q 0 0 0 rg BT 436.65 338.55 Td (Professionals ) Tj ET Q
q 0 0 0 rg BT 494.67 338.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 515.36 338.55 Td (specialized ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 325.95 Td (skill ) Tj ET Q
q 0 0 0 rg BT 72.92 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 92.90 325.95 Td (knowledge ) Tj ET Q
q 0 0 0 rg BT 143.80 325.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 169.03 325.95 Td (used ) Tj ET Q
q 0 0 0 rg BT 193.10 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 206.09 325.95 Td (assist ) Tj ET Q
q 0 0 0 rg BT 233.67 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 246.67 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 264.32 325.95 Td (evaluation ) Tj ET Q
q 0 0 0 rg BT 312.88 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 326.46 325.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 359.85 325.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 409.00 325.95 Td (assumptions, ) Tj ET Q
q 0 0 0 rg BT 468.37 325.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 512.86 325.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 542.76 325.95 Td (state ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 313.35 Td (apportionment ) Tj ET Q
q 0 0 0 rg BT 113.86 313.35 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 147.68 313.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 175.38 313.35 Td (ef) Tj ET Q
q 0 0 0 rg BT 183.35 313.35 Td (fective ) Tj ET Q
q 0 0 0 rg BT 214.53 313.35 Td (state ) Tj ET Q
q 0 0 0 rg BT 236.40 313.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 251.85 313.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 274.30 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.09 313.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 325.03 313.35 Td (sourced ) Tj ET Q
q 0 0 0 rg BT 360.31 313.35 Td (earnings.) Tj ET Q
/GS0 gs
q 159.00 0 0 30.00 50.00 253.15 cm
/I40 Do Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 227.95 Td (Baltimore, Maryland) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 215.35 Td (May 28, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 108.62 215.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 190.75 Td (W) Tj ET Q
q 0 0 0 rg BT 59.07 190.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.89 190.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 87.86 190.75 Td (served ) Tj ET Q
q 0 0 0 rg BT 117.42 190.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 128.32 190.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.31 190.75 Td (Company�) Tj ET Q
q 0 0 0 rg BT 187.05 190.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 193.30 190.75 Td (auditor ) Tj ET Q
q 0 0 0 rg BT 225.19 190.75 Td (since ) Tj ET Q
q 0 0 0 rg BT 248.92 190.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 258.66 190.75 Td (least ) Tj ET Q
q 0 0 0 rg BT 280.05 190.75 Td (1983, ) Tj ET Q
q 0 0 0 rg BT 305.83 190.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 333.65 190.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 342.81 190.75 Td (when ) Tj ET Q
q 0 0 0 rg BT 367.71 190.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 382.69 190.75 Td (Company ) Tj ET Q
q 0 0 0 rg BT 425.67 190.75 Td (became ) Tj ET Q
q 0 0 0 rg BT 459.89 190.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 491.79 190.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 502.11 190.75 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 523.52 190.75 Td (reporting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 178.15 Td (requirements. ) Tj ET Q
q 0 0 0 rg BT 110.06 178.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 112.50 178.15 Td (W) Tj ET Q
q 0 0 0 rg BT 121.57 178.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 128.85 178.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 151.30 178.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 167.34 178.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 189.79 178.15 Td (able ) Tj ET Q
q 0 0 0 rg BT 209.90 178.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 220.70 178.15 Td (determine ) Tj ET Q
q 0 0 0 rg BT 265.30 178.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.76 178.15 Td (specific ) Tj ET Q
q 0 0 0 rg BT 316.03 178.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 336.72 178.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 351.59 178.15 Td (began ) Tj ET Q
q 0 0 0 rg BT 379.29 178.15 Td (serving ) Tj ET Q
q 0 0 0 rg BT 412.82 178.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 424.20 178.15 Td (auditor ) Tj ET Q
q 0 0 0 rg BT 456.56 178.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 467.94 178.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 483.39 178.15 Td (Company) Tj ET Q
q 0 0 0 rg BT 523.54 178.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 526.16 182.91 Td ( ) Tj ET Q
endstream
endobj
179 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 180 0 R>>
endobj
180 0 obj
<</Length 17944>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (87) Tj ET Q
BT /F2 9.50 Tf ET
q 0 0 0 rg BT 215.15 730.85 Td (LEGG MASON, INC. ) Tj ET Q
q 0 0 0 rg BT 306.73 730.85 Td (AND SUBSIDIARIES) Tj ET Q
BT /F2 9.50 Tf ET
q 0 0 0 rg BT 223.70 719.45 Td (CONSOLIDA) Tj ET Q
q 0 0 0 rg BT 280.53 719.45 Td (TED BALANCE SHEETS) Tj ET Q
BT /F1 9.50 Tf ET
q 0 0 0 rg BT 263.75 708.05 Td (\(Dollars in thousands\)) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 683.55 m
403 683.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 683.55 m
482 683.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 683.55 m
561 683.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 552.55 m
403 552.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 552.55 m
482 552.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 552.55 m
561 552.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 541.55 m
403 541.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 552.55 m
482 552.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 541.55 m
482 541.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 552.55 m
561 552.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 541.55 m
561 541.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 541.55 m
482 541.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 541.55 m
561 541.55 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 464.54999999999995 m
403 464.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 464.54999999999995 m
482 464.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 464.54999999999995 m
561 464.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 453.54999999999995 m
403 453.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 464.54999999999995 m
482 464.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 453.54999999999995 m
482 453.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 464.54999999999995 m
561 464.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 453.54999999999995 m
561 453.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 353.54999999999995 m
403 353.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 353.54999999999995 m
482 353.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 353.54999999999995 m
561 353.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 342.54999999999995 m
403 342.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 353.54999999999995 m
482 353.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 342.54999999999995 m
482 342.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 353.54999999999995 m
561 353.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 342.54999999999995 m
561 342.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 342.54999999999995 m
482 342.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 342.54999999999995 m
561 342.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 281.54999999999995 m
403 281.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 281.54999999999995 m
482 281.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 281.54999999999995 m
561 281.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 270.54999999999995 m
403 270.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 281.54999999999995 m
482 281.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 270.54999999999995 m
482 270.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 281.54999999999995 m
561 281.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 270.54999999999995 m
561 270.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 270.54999999999995 m
482 270.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 157.54999999999995 m
403 157.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 157.54999999999995 m
482 157.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 157.54999999999995 m
561 157.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 157.54999999999995 m
482 157.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 157.54999999999995 m
561 157.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 135.54999999999995 m
403 135.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 135.54999999999995 m
482 135.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 135.54999999999995 m
561 135.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 124.54999999999995 m
403 124.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 113.54999999999995 m
403 113.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 124.54999999999995 m
482 124.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407 113.54999999999995 m
482 113.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 124.54999999999995 m
561 124.54999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 113.54999999999995 m
561 113.54999999999995 l
s
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 52.50 688.01 Td (�) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 414.20 688.00 Td (Mar) Tj ET Q
q 0 0 0 rg BT 431.03 688.00 Td (ch 31, 2020) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 494.35 688.01 Td (March 31, 2019) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 52.50 675.00 Td (ASSETS) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 58.50 663.86 Td (Current ) Tj ET Q
q 0 0 0 rg BT 87.99 663.86 Td (Assets) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 652.86 Td (Cash and cash equivalents) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 409.50 653.00 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 653.00 Td (1,018,860) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 488.50 652.86 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 652.86 Td (921,071) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 641.86 Td (Cash and cash equivalents of consolidated investment vehicles) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 465.00 642.00 Td (620) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 537.25 641.86 Td (4,219) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 630.86 Td (Restricted cash) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 453.75 631.00 Td (28,133) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 532.75 630.86 Td (21,213) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 619.86 Td (Receivables:) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 88.50 608.86 Td (Investment advisory and related fees) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 609.00 Td (407,893) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 608.86 Td (425,470) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 88.50 597.86 Td (Other) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 453.75 598.00 Td (47,634) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 532.75 597.86 Td (57,107) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 586.86 Td (Investment securities) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 587.00 Td (338,894) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 586.86 Td (377,129) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 576.86 Td (Investment securities of consolidated investment vehicles) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 577.00 Td (1) Tj ET Q
q 0 0 0 rg BT 453.75 577.00 Td (17,084) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 576.86 Td (129,627) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 565.86 Td (Other) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 453.75 566.00 Td (80,030) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 532.75 565.86 Td (82,131) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 554.86 Td (Other current assets of consolidated investment vehicles) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 465.00 555.00 Td (476) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 537.25 554.86 Td (1,889) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 94.50 543.86 Td (T) Tj ET Q
q 0 0 0 rg BT 99.68 543.86 Td (otal Current ) Tj ET Q
q 0 0 0 rg BT 144.61 543.86 Td (Assets) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 544.00 Td (2,039,624) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 543.86 Td (2,019,856) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 58.50 532.86 Td (Fixed assets, net) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 533.00 Td (134,423) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 532.86 Td (149,989) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 58.50 521.86 Td (Intangible assets, net) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 522.00 Td (3,355,690) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 521.86 Td (3,386,759) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 58.50 510.86 Td (Goodwill) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 511.00 Td (1,847,766) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 510.86 Td (1,883,554) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 58.50 499.86 Td (Deferred income taxes) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 500.00 Td (161,977) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 499.86 Td (199,717) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 58.50 488.86 Td (Right-of-use assets) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 489.00 Td (291,342) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 548.50 488.86 Td (�) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 58.50 477.86 Td (Other) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 478.00 Td (152,985) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 477.86 Td (145,254) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 58.50 466.86 Td (Other assets of consolidated investment vehicles) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 453.75 467.00 Td (22,313) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 537.25 466.86 Td (8,993) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 52.50 456.00 Td (T) Tj ET Q
q 0 0 0 rg BT 58.42 456.00 Td (OT) Tj ET Q
q 0 0 0 rg BT 71.01 456.00 Td (AL) Tj ET Q
q 0 0 0 rg BT 82.93 456.00 Td ( ) Tj ET Q
q 0 0 0 rg BT 84.68 456.00 Td (ASSETS) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 409.50 456.00 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 456.00 Td (8,006,120) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 488.50 455.86 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 455.86 Td (7,794,122) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 52.50 444.95 Td (LIABILITIES ) Tj ET Q
q 0 0 0 rg BT 110.03 444.95 Td (AND ST) Tj ET Q
q 0 0 0 rg BT 142.46 444.95 Td (OCKHOLDERS�) Tj ET Q
q 0 0 0 rg BT 209.55 444.95 Td ( EQUITY) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 58.50 433.00 Td (LIABILITIES) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 421.86 Td (Current Liabilities) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 88.50 410.86 Td (Accrued compensation) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 409.50 411.00 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 411.00 Td (574,430) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 488.50 410.86 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 410.86 Td (571,301) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 88.50 399.86 Td (Accounts payable and accrued expenses) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 400.00 Td (156,981) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 399.86 Td (182,921) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 88.50 388.86 Td (Current portion of long-term debt) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 469.50 389.00 Td (�) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 388.86 Td (250,301) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 88.50 377.86 Td (Lease liabilities) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 453.75 378.00 Td (77,814) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 548.50 377.86 Td (�) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 88.50 366.86 Td (Other) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 367.00 Td (1) Tj ET Q
q 0 0 0 rg BT 453.75 367.00 Td (15,788) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 532.75 366.86 Td (99,479) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 88.50 355.86 Td (Other current liabilities of consolidated investment vehicles) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 458.25 356.00 Td (1,044) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 537.25 355.86 Td (5,742) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 94.50 344.86 Td (T) Tj ET Q
q 0 0 0 rg BT 99.37 344.86 Td (otal Current Liabilities) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 345.00 Td (926,057) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 344.86 Td (1,109,744) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 333.86 Td (Deferred compensation) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 453.75 334.00 Td (95,293) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 532.75 333.86 Td (85,548) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 322.81 Td (Lease liabilities) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 322.95 Td (278,737) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 548.50 322.81 Td (�) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 310.81 Td (Deferred income taxes) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 310.95 Td (165,038) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 310.81 Td (123,420) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 298.01 Td (Other) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 453.75 298.00 Td (32,167) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 298.01 Td (122,044) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 284.81 Td (Long-term debt, net) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 284.95 Td (1,972,733) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 284.81 Td (1,971,451) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 58.50 273.00 Td (T) Tj ET Q
q 0 0 0 rg BT 64.42 273.00 Td (OT) Tj ET Q
q 0 0 0 rg BT 77.01 273.00 Td (AL) Tj ET Q
q 0 0 0 rg BT 88.93 273.00 Td ( LIABILITIES) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 273.00 Td (3,470,025) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 272.86 Td (3,412,207) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 58.50 261.95 Td (Commitments and Contingencies \(Note 9\)) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 58.50 250.00 Td (REDEEMABLE NONCONTROLLING INTERESTS) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 449.25 250.00 Td (714,414) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 528.25 249.86 Td (692,376) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 58.50 238.95 Td (ST) Tj ET Q
q 0 0 0 rg BT 69.43 238.95 Td (OCKHOLDERS' EQUITY) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 478.50 238.95 Td (�) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 226.01 Td (Common stock, par value $0.10 per share; authorized 500,000,000 shares; issued) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 79.50 217.01 Td (87,781,705 and 85,556,562 shares for March 31, 2020 and 2019, respectively) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 458.25 217.00 Td (8,778) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 537.25 217.01 Td (8,556) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 203.86 Td (Additional paid-in capital) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 204.00 Td (2,158,755) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 203.86 Td (2,039,671) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 192.86 Td (Employee stock trust) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 450.75 193.00 Td (\(19,778) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 478.50 193.00 Td (\)) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 529.75 192.86 Td (\(21,416) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 557.50 192.86 Td (\)) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 181.86 Td (Deferred compensation employee stock trust) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 453.75 182.00 Td (19,778) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 532.75 181.86 Td (21,416) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 170.86 Td (Retained earnings) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 171.00 Td (1,820,412) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 170.86 Td (1,742,764) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 70.50 159.86 Td (Accumulated other comprehensive loss, net) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 446.25 160.00 Td (\(195,306) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 478.50 160.00 Td (\)) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 525.25 159.86 Td (\(131,236) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 557.50 159.86 Td (\)) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 72.00 148.86 Td (T) Tj ET Q
q 0 0 0 rg BT 77.18 148.86 Td (otal stockholders' equity attributable to Legg Mason, Inc.) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 149.00 Td (3,792,639) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 148.86 Td (3,659,755) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 72.00 137.86 Td (Nonredeemable noncontrolling interest) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 453.75 138.00 Td (29,042) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 532.75 137.86 Td (29,784) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 58.50 127.00 Td (T) Tj ET Q
q 0 0 0 rg BT 64.34 127.00 Td (OT) Tj ET Q
q 0 0 0 rg BT 76.68 127.00 Td (AL) Tj ET Q
q 0 0 0 rg BT 88.68 127.00 Td ( ST) Tj ET Q
q 0 0 0 rg BT 101.78 127.00 Td (OCKHOLDERS' EQUITY) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 127.00 Td (3,821,681) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 126.86 Td (3,689,539) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 52.50 116.00 Td (T) Tj ET Q
q 0 0 0 rg BT 58.34 116.00 Td (OT) Tj ET Q
q 0 0 0 rg BT 70.68 116.00 Td (AL) Tj ET Q
q 0 0 0 rg BT 82.68 116.00 Td ( LIABILITIES ) Tj ET Q
q 0 0 0 rg BT 142.21 116.00 Td (AND ST) Tj ET Q
q 0 0 0 rg BT 174.81 116.00 Td (OCKHOLDERS' EQUITY) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 409.50 116.00 Td ($) Tj ET Q
BT /F2 9.00 Tf ET
q 0 0 0 rg BT 442.50 116.00 Td (8,006,120) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 488.50 115.86 Td ($) Tj ET Q
BT /F1 9.00 Tf ET
q 0 0 0 rg BT 521.50 115.86 Td (7,794,122) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 50.00 104.45 Td (See Notes to Consolidated Financial Statements) Tj ET Q
endstream
endobj
181 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 182 0 R>>
endobj
182 0 obj
<</Length 17440>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (88) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 205.60 741.90 Td (LEGG MASON, INC. ) Tj ET Q
q 0 0 0 rg BT 306.82 741.90 Td (AND SUBSIDIARIES) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 177.25 729.30 Td (CONSOLIDA) Tj ET Q
q 0 0 0 rg BT 240.07 729.30 Td (TED ST) Tj ET Q
q 0 0 0 rg BT 276.35 729.30 Td (A) Tj ET Q
q 0 0 0 rg BT 283.15 729.30 Td (TEMENTS OF) Tj ET Q
q 0 0 0 rg BT 351.31 729.30 Td ( INCOME \(LOSS\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.50 716.70 Td (\(Dollars in thousands, except per share amounts\)) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 678.6 m
407.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 678.6 m
411.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 678.6 m
485.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
485.5 678.6 m
489.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 678.6 m
562.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 663.6 m
329.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 663.6 m
407.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 663.6 m
485.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 663.6 m
562.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 559.6 m
329.5 559.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 559.6 m
407.5 559.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 559.6 m
485.5 559.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 559.6 m
562.5 559.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 544.6 m
329.5 544.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 559.6 m
407.5 559.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 544.6 m
407.5 544.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 559.6 m
485.5 559.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 544.6 m
485.5 544.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 559.6 m
562.5 559.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 544.6 m
562.5 544.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 410.6 m
329.5 410.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 410.6 m
407.5 410.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 410.6 m
485.5 410.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 410.6 m
562.5 410.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 395.6 m
329.5 395.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 395.6 m
407.5 395.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 395.6 m
485.5 395.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 410.6 m
562.5 410.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 395.6 m
562.5 395.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 380.6 m
329.5 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 380.6 m
407.5 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 380.6 m
485.5 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 395.6 m
562.5 395.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 380.6 m
562.5 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 380.6 m
329.5 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 296.6 m
329.5 296.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 296.6 m
407.5 296.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 296.6 m
485.5 296.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 296.6 m
562.5 296.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 281.6 m
407.5 281.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 281.6 m
485.5 281.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 296.6 m
562.5 296.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 281.6 m
562.5 281.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 281.6 m
329.5 281.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 251.60000000000002 m
329.5 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 251.60000000000002 m
407.5 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 251.60000000000002 m
485.5 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 251.60000000000002 m
562.5 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 221.60000000000002 m
329.5 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 221.60000000000002 m
407.5 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 221.60000000000002 m
485.5 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 221.60000000000002 m
562.5 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 198.60000000000002 m
329.5 198.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 221.60000000000002 m
407.5 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
333.5 198.60000000000002 m
407.5 198.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 221.60000000000002 m
485.5 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
411.5 198.60000000000002 m
485.5 198.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
489.5 198.60000000000002 m
562.5 198.60000000000002 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 398.15 683.37 Td (Y) Tj ET Q
q 0 0 0 rg BT 404.68 683.37 Td (ears Ended March 31,) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 668.27 Td (�) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 360.00 668.28 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 438.00 668.27 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 515.50 668.27 Td (2018) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 654.28 Td (OPERA) Tj ET Q
q 0 0 0 rg BT 87.63 654.28 Td (TING REVENUES) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 639.27 Td (Investment advisory fees:) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 77.00 624.27 Td (Separate accounts) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 336.00 624.28 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 363.65 624.28 Td (1,051,965) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 414.00 624.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 441.65 624.27 Td (1,029,353) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.00 624.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 518.65 624.27 Td (1,020,790) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 77.00 609.27 Td (Funds) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 363.65 609.28 Td (1,495,025) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 441.65 609.27 Td (1,479,972) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 518.65 609.27 Td (1,564,839) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 77.00 594.27 Td (Performance fees) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 376.15 594.28 Td (99,021) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.15 594.27 Td (84,900) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 594.27 Td (227,785) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 579.27 Td (Distribution and service fees) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 579.28 Td (270,398) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.15 579.27 Td (302,967) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 579.27 Td (321,936) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 564.27 Td (Other) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 381.15 564.28 Td (5,716) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 459.15 564.27 Td (6,067) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 536.15 564.27 Td (4,972) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 549.27 Td (T) Tj ET Q
q 0 0 0 rg BT 58.76 549.27 Td (otal Operating Revenues) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 363.65 549.28 Td (2,922,125) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 441.65 549.27 Td (2,903,259) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 518.65 549.27 Td (3,140,322) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 535.28 Td (OPERA) Tj ET Q
q 0 0 0 rg BT 87.63 535.28 Td (TING EXPENSES) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 520.27 Td (Compensation and benefits) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 363.65 520.28 Td (1,436,919) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 441.65 520.27 Td (1,398,969) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 518.65 520.27 Td (1,508,798) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 505.27 Td (Distribution and servicing) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 505.28 Td (413,196) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.15 505.27 Td (439,276) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 505.27 Td (489,331) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 490.27 Td (Communications and technology) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 490.28 Td (225,388) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.15 490.27 Td (228,138) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 490.27 Td (212,798) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 475.27 Td (Occupancy) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 475.28 Td (1) Tj ET Q
q 0 0 0 rg BT 376.15 475.28 Td (10,427) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.15 475.27 Td (105,296) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 475.27 Td (100,760) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 460.27 Td (Amortization of intangible assets) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 376.15 460.28 Td (22,539) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.15 460.27 Td (24,404) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 460.27 Td (24,604) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 445.27 Td (Impairment of intangible assets) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 393.65 445.28 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.15 445.27 Td (365,200) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 445.27 Td (229,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 430.27 Td (Contingent consideration fair value adjustments) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 385.30 430.33 Td (\(915) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 403.65 430.28 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 466.65 430.27 Td (571) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 527.80 430.32 Td (\(31,329) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 430.27 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 415.27 Td (Other) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 415.28 Td (209,41) Tj ET Q
q 0 0 0 rg BT 398.65 415.28 Td (1) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.15 415.27 Td (238,303) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 415.27 Td (282,359) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 400.27 Td (T) Tj ET Q
q 0 0 0 rg BT 58.76 400.27 Td (otal Operating Expenses) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 363.65 400.28 Td (2,416,965) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 441.65 400.27 Td (2,800,157) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 518.65 400.27 Td (2,816,321) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 385.28 Td (OPERA) Tj ET Q
q 0 0 0 rg BT 87.63 385.28 Td (TING INCOME) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 385.28 Td (505,160) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.15 385.27 Td (103,102) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 385.27 Td (324,001) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 371.28 Td (NON-OPERA) Tj ET Q
q 0 0 0 rg BT 113.18 371.28 Td (TING INCOME \(EXPENSE\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 356.27 Td (Interest income) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 376.15 356.28 Td (12,294) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.15 356.27 Td (12,176) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 536.15 356.27 Td (7,106) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 341.27 Td (Interest expense) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 367.80 341.33 Td (\(109,870) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 403.65 341.28 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 445.80 341.32 Td (\(1) Tj ET Q
q 0 0 0 rg BT 454.13 341.32 Td (17,341) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 481.65 341.27 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 522.80 341.32 Td (\(1) Tj ET Q
q 0 0 0 rg BT 531.13 341.32 Td (17,872) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 341.27 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 326.27 Td (Other income \(expense\), net) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 372.80 326.33 Td (\(13,312) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 403.65 326.28 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.15 326.27 Td (31,123) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 326.27 Td (10,824) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 311.27 Td (Non-operating income \(expense\) of consolidated investment) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 84.50 301.27 Td (vehicles, net) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 376.15 301.28 Td (16,262) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 463.30 301.32 Td (\(565) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 481.65 301.27 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 536.15 301.27 Td (9,781) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 286.27 Td (T) Tj ET Q
q 0 0 0 rg BT 58.41 286.27 Td (otal Non-Operating Income \(Expense\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 372.80 286.33 Td (\(94,626) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 403.65 286.28 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 450.80 286.32 Td (\(74,607) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 481.65 286.27 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 527.80 286.32 Td (\(90,161) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 286.27 Td (\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 271.28 Td (INCOME BEFORE INCOME ) Tj ET Q
q 0 0 0 rg BT 185.97 271.28 Td (T) Tj ET Q
q 0 0 0 rg BT 192.18 271.28 Td (AX PROVISION) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 271.28 Td (410,534) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.15 271.27 Td (28,495) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 271.27 Td (233,840) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 256.27 Td (Income tax provision \(benefit\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 256.28 Td (106,048) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.15 256.27 Td (20,561) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 522.80 256.32 Td (\(102,510) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 256.27 Td (\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 241.28 Td (NET) Tj ET Q
q 0 0 0 rg BT 73.38 241.28 Td ( INCOME) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 241.28 Td (304,486) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 459.15 241.27 Td (7,934) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 241.27 Td (336,350) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 226.27 Td (Less: Net income attributable to noncontrolling interests) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 376.15 226.28 Td (53,1) Tj ET Q
q 0 0 0 rg BT 393.65 226.28 Td (19) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.15 226.27 Td (36,442) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 226.27 Td (51,275) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 212.33 Td (NET) Tj ET Q
q 0 0 0 rg BT 73.47 212.33 Td ( INCOME \(LOSS\) ) Tj ET Q
q 0 0 0 rg BT 155.06 212.33 Td (A) Tj ET Q
q 0 0 0 rg BT 161.63 212.33 Td (TTRIBUT) Tj ET Q
q 0 0 0 rg BT 205.91 212.33 Td (ABLE ) Tj ET Q
q 0 0 0 rg BT 235.18 212.33 Td (T) Tj ET Q
q 0 0 0 rg BT 241.66 212.33 Td (O LEGG MASON,) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 71.00 202.33 Td (INC.) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 336.00 203.28 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.15 203.28 Td (251,367) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 414.00 203.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 450.80 203.32 Td (\(28,508) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 481.65 203.27 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.00 203.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 203.27 Td (285,075) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 189.28 Td (NET) Tj ET Q
q 0 0 0 rg BT 73.38 189.28 Td ( INCOME \(LOSS\) PER SHARE ) Tj ET Q
q 0 0 0 rg BT 214.24 189.28 Td (A) Tj ET Q
q 0 0 0 rg BT 220.71 189.28 Td (TTRIBUT) Tj ET Q
q 0 0 0 rg BT 264.99 189.28 Td (ABLE ) Tj ET Q
q 0 0 0 rg BT 294.54 189.28 Td (T) Tj ET Q
q 0 0 0 rg BT 301.03 189.28 Td (O) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 71.00 179.28 Td (LEGG MASON, INC. ST) Tj ET Q
q 0 0 0 rg BT 180.00 179.28 Td (OCKHOLDERS:) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 164.27 Td (Basic) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 336.00 164.28 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 386.15 164.28 Td (2.80) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 414.00 164.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.80 164.32 Td (\(0.38) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 481.65 164.27 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.00 164.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 541.15 164.27 Td (3.03) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 149.27 Td (Diluted) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 386.15 149.28 Td (2.79) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.80 149.32 Td (\(0.38) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 481.65 149.27 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 541.15 149.27 Td (3.01) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 50.00 135.50 Td (See Notes to Consolidated Financial Statements) Tj ET Q
endstream
endobj
183 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 184 0 R>>
endobj
184 0 obj
<</Length 6796>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (89) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 205.60 741.90 Td (LEGG MASON, INC. ) Tj ET Q
q 0 0 0 rg BT 306.82 741.90 Td (AND SUBSIDIARIES) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 128.95 729.30 Td (CONSOLIDA) Tj ET Q
q 0 0 0 rg BT 191.77 729.30 Td (TED ST) Tj ET Q
q 0 0 0 rg BT 228.05 729.30 Td (A) Tj ET Q
q 0 0 0 rg BT 234.85 729.30 Td (TEMENTS OF) Tj ET Q
q 0 0 0 rg BT 303.01 729.30 Td ( COMPREHENSIVE INCOME \(LOSS\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 259.30 716.70 Td (\(Dollars in thousands\)) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 678.6 m
403.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403.5 678.6 m
407.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 678.6 m
483.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
483.5 678.6 m
487.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 678.6 m
562.5 678.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 663.6 m
322.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 663.6 m
403.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 663.6 m
483.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 663.6 m
562.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 663.6 m
403.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 663.6 m
483.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 663.6 m
562.5 663.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 603.6 m
322.5 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 603.6 m
403.5 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 603.6 m
483.5 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 603.6 m
562.5 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 588.6 m
322.5 588.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 588.6 m
403.5 588.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 588.6 m
483.5 588.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 588.6 m
562.5 588.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 548.6 m
322.5 548.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 548.6 m
403.5 548.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 548.6 m
483.5 548.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 548.6 m
562.5 548.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 523.6 m
322.5 523.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 523.6 m
403.5 523.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
407.5 523.6 m
483.5 523.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 523.6 m
562.5 523.6 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.65 683.37 Td (Y) Tj ET Q
q 0 0 0 rg BT 401.18 683.37 Td (ears Ended March 31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 668.37 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 354.00 668.39 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.50 668.37 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 514.00 668.37 Td (2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 53.00 653.39 Td (NET) Tj ET Q
q 0 0 0 rg BT 74.40 653.39 Td ( INCOME) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 329.00 653.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 365.35 653.39 Td (304,486) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.00 653.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.85 653.37 Td (7,934) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 653.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 653.37 Td (336,350) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 71.00 638.37 Td (Other comprehensive income \(loss\):) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 80.00 623.37 Td (Foreign currency translation adjustment) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 367.10 623.39 Td (\(81,087) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 399.50 623.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 623.37 Td (\(71,882) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 623.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 623.37 Td (48,556) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 80.00 608.37 Td (Changes in defined benefit pension plan) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 370.60 608.39 Td (17,017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.35 608.37 Td (\(4,172) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 608.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.85 608.37 Td (3,046) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 71.00 593.37 Td (T) Tj ET Q
q 0 0 0 rg BT 76.68 593.37 Td (otal other comprehensive income \(loss\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 367.10 593.39 Td (\(64,070) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 399.50 593.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 593.37 Td (\(76,054) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 593.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 593.37 Td (51,602) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 53.00 578.39 Td (COMPREHENSIVE INCOME \(LOSS\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 365.35 578.39 Td (240,416) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 578.37 Td (\(68,120) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 578.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 578.37 Td (387,952) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 71.00 563.82 Td (Less: Comprehensive income attributable to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 98.00 553.32 Td (noncontrolling interests) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 370.60 553.39 Td (54,190) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 450.60 553.37 Td (41,180) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 553.37 Td (50,894) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 53.00 538.89 Td (COMPREHENSIVE INCOME \(LOSS\) ) Tj ET Q
q 0 0 0 rg BT 232.40 538.89 Td (A) Tj ET Q
q 0 0 0 rg BT 239.21 538.89 Td (TTRIBUT) Tj ET Q
q 0 0 0 rg BT 285.69 538.89 Td (ABLE) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 71.00 528.39 Td (T) Tj ET Q
q 0 0 0 rg BT 77.81 528.39 Td (O LEGG MASON, INC.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 329.00 528.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 365.35 528.39 Td (186,226) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.00 528.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 441.85 528.37 Td (\(109,300) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 528.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 528.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 528.37 Td (337,058) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 50.00 514.50 Td (See Notes to Consolidated Financial Statements) Tj ET Q
endstream
endobj
185 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 186 0 R>>
endobj
186 0 obj
<</Length 27768>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 19.75 Td (90) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 224.75 754.75 Td (LEGG MASON, INC. ) Tj ET Q
q 0 0 0 rg BT 306.69 754.75 Td (AND SUBSIDIARIES) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 152.25 744.55 Td (CONSOLIDA) Tj ET Q
q 0 0 0 rg BT 203.10 744.55 Td (TED ST) Tj ET Q
q 0 0 0 rg BT 232.47 744.55 Td (A) Tj ET Q
q 0 0 0 rg BT 237.98 744.55 Td (TEMENTS OF) Tj ET Q
q 0 0 0 rg BT 293.16 744.55 Td ( CHANGES IN ST) Tj ET Q
q 0 0 0 rg BT 361.26 744.55 Td (OCKHOLDERS�) Tj ET Q
q 0 0 0 rg BT 424.39 744.55 Td ( EQUITY) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 268.20 734.35 Td (\(Dollars in thousands\)) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 700.65 m
426.5 700.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 700.65 m
430.5 700.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 700.65 m
492.5 700.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492.5 700.65 m
496.5 700.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 700.65 m
558.5 700.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 689.65 m
360.5 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 689.65 m
426.5 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 689.65 m
492.5 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 689.65 m
558.5 689.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 592.65 m
426.5 592.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 592.65 m
492.5 592.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 592.65 m
558.5 592.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 592.65 m
360.5 592.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 580.65 m
360.5 580.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 592.65 m
426.5 592.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 580.65 m
426.5 580.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 592.65 m
492.5 592.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 580.65 m
492.5 580.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 592.65 m
558.5 592.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 580.65 m
558.5 580.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 474.65 m
426.5 474.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 474.65 m
558.5 474.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 474.65 m
360.5 474.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 462.65 m
360.5 462.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 474.65 m
426.5 474.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 462.65 m
426.5 462.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 474.65 m
492.5 474.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 462.65 m
492.5 462.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 474.65 m
558.5 474.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 462.65 m
558.5 462.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 462.65 m
360.5 462.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 417.65 m
360.5 417.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 417.65 m
426.5 417.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 417.65 m
492.5 417.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 417.65 m
558.5 417.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 405.65 m
360.5 405.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 405.65 m
426.5 405.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 405.65 m
492.5 405.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 417.65 m
558.5 417.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 405.65 m
558.5 405.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 405.65 m
360.5 405.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 359.65 m
360.5 359.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 359.65 m
426.5 359.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 359.65 m
492.5 359.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 359.65 m
558.5 359.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 359.65 m
360.5 359.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 347.65 m
360.5 347.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 347.65 m
426.5 347.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 347.65 m
492.5 347.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 359.65 m
558.5 359.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 347.65 m
558.5 347.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 347.65 m
360.5 347.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 256.65 m
426.5 256.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 256.65 m
492.5 256.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 256.65 m
360.5 256.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 244.64999999999998 m
360.5 244.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 256.65 m
426.5 256.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 244.64999999999998 m
426.5 244.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 256.65 m
492.5 256.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 244.64999999999998 m
492.5 244.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 256.65 m
558.5 256.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 244.64999999999998 m
558.5 244.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 198.64999999999998 m
426.5 198.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 198.64999999999998 m
360.5 198.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 186.64999999999998 m
360.5 186.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 198.64999999999998 m
426.5 198.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 186.64999999999998 m
426.5 186.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 198.64999999999998 m
492.5 198.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 186.64999999999998 m
492.5 186.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 198.64999999999998 m
558.5 198.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 186.64999999999998 m
558.5 186.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 186.64999999999998 m
360.5 186.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 174.64999999999998 m
360.5 174.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 186.64999999999998 m
426.5 186.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 174.64999999999998 m
426.5 174.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 186.64999999999998 m
492.5 186.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 174.64999999999998 m
492.5 174.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 186.64999999999998 m
558.5 186.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 174.64999999999998 m
558.5 174.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 174.64999999999998 m
360.5 174.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 174.64999999999998 m
426.5 174.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 174.64999999999998 m
492.5 174.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 174.64999999999998 m
558.5 174.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 118.64999999999998 m
360.5 118.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 118.64999999999998 m
426.5 118.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 118.64999999999998 m
492.5 118.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 118.64999999999998 m
558.5 118.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 118.64999999999998 m
360.5 118.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 106.64999999999998 m
360.5 106.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 118.64999999999998 m
426.5 118.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 106.64999999999998 m
426.5 106.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 118.64999999999998 m
492.5 118.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 106.64999999999998 m
492.5 106.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 118.64999999999998 m
558.5 118.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 106.64999999999998 m
558.5 106.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 95.64999999999998 m
360.5 95.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 95.64999999999998 m
426.5 95.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 95.64999999999998 m
492.5 95.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 95.64999999999998 m
558.5 95.64999999999998 l
s
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 705.01 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 421.05 705.01 Td (Y) Tj ET Q
q 0 0 0 rg BT 426.34 705.01 Td (ears Ended March 31,) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 692.26 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 386.50 692.39 Td (2020) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 452.50 692.26 Td (2019) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 518.50 692.26 Td (2018) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 57.00 681.73 Td (ST) Tj ET Q
q 0 0 0 rg BT 66.71 681.73 Td (OCKHOLDERS' EQUITY) Tj ET Q
q 0 0 0 rg BT 159.62 681.73 Td ( ) Tj ET Q
q 0 0 0 rg BT 161.25 681.73 Td (A) Tj ET Q
q 0 0 0 rg BT 166.51 681.73 Td (TTRIBUT) Tj ET Q
q 0 0 0 rg BT 201.93 681.73 Td (ABLE ) Tj ET Q
q 0 0 0 rg BT 225.35 681.73 Td (T) Tj ET Q
q 0 0 0 rg BT 230.54 681.73 Td (O LEGG MASON, INC.) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 61.50 670.73 Td (COMMON ST) Tj ET Q
q 0 0 0 rg BT 112.31 670.73 Td (OCK) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 659.26 Td (Beginning balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 367.00 659.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 404.00 659.39 Td (8,556) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 433.00 659.26 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 470.00 659.26 Td (8,461) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 499.00 659.26 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 536.00 659.26 Td (9,573) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 647.26 Td (Stock options exercised) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 410.40 647.39 Td (126) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 480.65 647.26 Td (20) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 546.65 647.26 Td (47) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 635.26 Td (Deferred compensation employee stock trust) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 418.90 635.39 Td (1) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 484.90 635.26 Td (1) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 550.90 635.26 Td (1) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 623.26 Td (Stock-based compensation) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 410.40 623.39 Td (141) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 476.40 623.26 Td (1) Tj ET Q
q 0 0 0 rg BT 480.65 623.26 Td (14) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 546.65 623.26 Td (95) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 609.01 Td (Employee tax withholdings by settlement of net share transactions) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 411.80 609.04 Td (\(46) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 608.99 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 477.80 609.06 Td (\(40) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 609.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 543.80 609.06 Td (\(35) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 609.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 596.26 Td (Shares repurchased and retired) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 414.65 596.39 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 480.65 596.26 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 533.15 596.26 Td (\(1,220) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 596.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 584.26 Td (Ending balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 404.00 584.39 Td (8,778) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 470.00 584.26 Td (8,556) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 536.00 584.26 Td (8,461) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 61.50 572.73 Td (ADDITIONAL) Tj ET Q
q 0 0 0 rg BT 113.29 572.73 Td ( P) Tj ET Q
q 0 0 0 rg BT 119.66 572.73 Td (AID-IN CAPIT) Tj ET Q
q 0 0 0 rg BT 172.18 572.73 Td (AL) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.00 572.26 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 561.26 Td (Beginning balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 389.15 561.39 Td (2,039,671) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 455.15 561.26 Td (1,976,364) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 521.15 561.26 Td (2,385,726) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 549.26 Td (Stock options exercised) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 399.75 549.39 Td (43,260) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 470.00 549.26 Td (6,094) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.75 549.26 Td (14,024) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 537.26 Td (Deferred compensation employee stock trust) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 410.40 537.39 Td (707) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 476.40 537.26 Td (630) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 542.40 537.26 Td (554) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 525.26 Td (Stock-based compensation) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 399.75 525.39 Td (65,150) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.75 525.26 Td (62,704) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.75 525.26 Td (70,277) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 513.01 Td (Employee tax withholdings by settlement of net share transactions) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 396.90 512.99 Td (\(15,402) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 512.99 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 462.90 513.01 Td (\(15,535) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 513.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 528.90 513.01 Td (\(13,198) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 513.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 500.01 Td (Shares repurchased and retired) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 414.65 499.99 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 480.65 500.01 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 524.65 500.01 Td (\(477,919) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 500.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 487.26 Td (Redeemable noncontrolling interest reclassification for af) Tj ET Q
q 0 0 0 rg BT 267.59 487.26 Td (filiate management equity) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 81.00 478.76 Td (plans and af) Tj ET Q
q 0 0 0 rg BT 121.99 478.76 Td (filiate noncontrolling interest) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 399.75 478.99 Td (25,369) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 470.00 479.01 Td (9,414) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 533.15 479.01 Td (\(3,100) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 479.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 466.26 Td (Ending balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 389.15 466.39 Td (2,158,755) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 455.15 466.26 Td (2,039,671) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 521.15 466.26 Td (1,976,364) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 61.50 454.73 Td (EMPLOYEE ST) Tj ET Q
q 0 0 0 rg BT 118.99 454.73 Td (OCK ) Tj ET Q
q 0 0 0 rg BT 139.07 454.73 Td (TRUST) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.00 454.26 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 443.26 Td (Beginning balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 396.90 443.39 Td (\(21,416) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 443.39 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 462.90 443.26 Td (\(21,996) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 443.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 528.90 443.26 Td (\(24,057) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 443.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 431.26 Td (Shares issued to plans) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 407.55 431.44 Td (\(707) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 431.39 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 473.55 431.31 Td (\(631) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 431.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 539.55 431.31 Td (\(555) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 431.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 420.26 Td (Distributions) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 404.00 420.39 Td (2,345) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 470.00 420.26 Td (1,21) Tj ET Q
q 0 0 0 rg BT 484.88 420.26 Td (1) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 536.00 420.26 Td (2,616) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 409.26 Td (Ending balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 396.90 409.39 Td (\(19,778) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 409.39 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 462.90 409.26 Td (\(21,416) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 409.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 528.90 409.26 Td (\(21,996) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 409.26 Td (\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 61.50 397.73 Td (DEFERRED COMPENSA) Tj ET Q
q 0 0 0 rg BT 152.69 397.73 Td (TION EMPLOYEE ST) Tj ET Q
q 0 0 0 rg BT 232.56 397.73 Td (OCK ) Tj ET Q
q 0 0 0 rg BT 252.64 397.73 Td (TRUST) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 386.26 Td (Beginning balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 399.75 386.39 Td (21,416) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.75 386.26 Td (21,996) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.75 386.26 Td (24,057) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 374.26 Td (Shares issued to plans) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 410.40 374.39 Td (707) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 476.40 374.26 Td (631) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 542.40 374.26 Td (555) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 363.26 Td (Distributions) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 401.15 363.39 Td (\(2,345) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 363.39 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 467.15 363.26 Td (\(1,21) Tj ET Q
q 0 0 0 rg BT 484.86 363.26 Td (1) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 363.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 533.15 363.26 Td (\(2,616) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 363.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 351.26 Td (Ending balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 399.75 351.39 Td (19,778) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.75 351.26 Td (21,416) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.75 351.26 Td (21,996) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 61.50 339.73 Td (RET) Tj ET Q
q 0 0 0 rg BT 77.65 339.73 Td (AINED EARNINGS) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 328.26 Td (Beginning balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 389.15 328.39 Td (1,742,764) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 455.15 328.26 Td (1,894,762) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 521.15 328.26 Td (1,694,859) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 316.26 Td (Net income \(loss\) attributable to Legg Mason, Inc.) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 395.50 316.39 Td (251,367) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 462.90 316.26 Td (\(28,508) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 316.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 527.50 316.26 Td (285,075) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 304.01 Td (Dividends declared \($1.60, $1.36 and $1.12 per share, respectively\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 392.65 303.99 Td (\(146,294) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 303.99 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 458.65 304.01 Td (\(120,669) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 304.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 524.65 304.01 Td (\(105,169) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 304.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 291.26 Td (Reclassification to noncontrolling interest for net increase in estimated redemption) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 81.00 282.81 Td (value of af) Tj ET Q
q 0 0 0 rg BT 117.19 282.81 Td (filiate management equity plan and af) Tj ET Q
q 0 0 0 rg BT 245.67 282.81 Td (filiate noncontrolling interests) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 396.90 284.99 Td (\(27,425) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 284.99 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 462.90 285.01 Td (\(15,084) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 285.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 533.15 285.01 Td (\(4,330) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 285.01 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 272.26 Td (Adoption of stock-based compensation guidance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 414.65 272.39 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 480.65 272.26 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.75 272.26 Td (24,327) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 260.26 Td (Adoption of revenue recognition guidance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 414.65 260.39 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.75 260.26 Td (12,263) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 546.65 260.26 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 248.26 Td (Ending balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 389.15 248.39 Td (1,820,412) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 455.15 248.26 Td (1,742,764) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 521.15 248.26 Td (1,894,762) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 61.50 236.73 Td (ACCUMULA) Tj ET Q
q 0 0 0 rg BT 108.75 236.73 Td (TED OTHER COMPREHENSIVE LOSS, NET) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.00 236.26 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 225.26 Td (Beginning balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 392.65 225.39 Td (\(131,236) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 225.39 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 462.90 225.26 Td (\(55,182) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 225.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 524.65 225.26 Td (\(106,784) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 225.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 213.26 Td (Foreign currency translation adjustment) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 396.90 213.39 Td (\(81,087) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 213.39 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 467.15 213.26 Td (\(4,172) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 213.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 536.00 213.26 Td (3,046) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 201.26 Td (Changes in defined benefit pension plan) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 399.75 201.39 Td (17,017) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 462.90 201.26 Td (\(71,882) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 201.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.75 201.26 Td (48,556) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 190.26 Td (Ending balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 392.65 190.39 Td (\(195,306) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 190.39 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 458.65 190.26 Td (\(131,236) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 190.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 528.90 190.26 Td (\(55,182) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 190.26 Td (\)) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 57.00 178.73 Td (T) Tj ET Q
q 0 0 0 rg BT 62.19 178.73 Td (OT) Tj ET Q
q 0 0 0 rg BT 73.16 178.73 Td (AL) Tj ET Q
q 0 0 0 rg BT 83.83 178.73 Td ( ST) Tj ET Q
q 0 0 0 rg BT 95.47 178.73 Td (OCKHOLDERS�) Tj ET Q
q 0 0 0 rg BT 154.88 178.73 Td ( EQUITY) Tj ET Q
q 0 0 0 rg BT 188.15 178.73 Td ( ) Tj ET Q
q 0 0 0 rg BT 189.71 178.73 Td (A) Tj ET Q
q 0 0 0 rg BT 194.89 178.73 Td (TTRIBUT) Tj ET Q
q 0 0 0 rg BT 230.31 178.73 Td (ABLE ) Tj ET Q
q 0 0 0 rg BT 253.95 178.73 Td (T) Tj ET Q
q 0 0 0 rg BT 259.14 178.73 Td (O LEGG MASON, INC.) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 389.15 178.39 Td (3,792,639) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 455.15 178.26 Td (3,659,755) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 521.15 178.26 Td (3,824,405) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 61.50 166.73 Td (NONREDEEMABLE NONCONTROLLING INTEREST) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 154.26 Td (Beginning balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 399.75 154.39 Td (29,784) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.75 154.26 Td (27,731) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.75 154.26 Td (27,798) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 143.26 Td (Net income attributable to noncontrolling interests) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 404.00 143.39 Td (5,891) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 470.00 143.26 Td (8,413) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 536.00 143.26 Td (8,403) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 132.26 Td (Grants of af) Tj ET Q
q 0 0 0 rg BT 112.52 132.26 Td (filiate management equity plan interests) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 414.65 132.39 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 470.00 132.26 Td (2,400) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 546.65 132.26 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 121.26 Td (Distributions) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 401.15 121.39 Td (\(6,633) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 423.15 121.39 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 467.15 121.26 Td (\(8,760) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 489.15 121.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 533.15 121.26 Td (\(8,470) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 555.15 121.26 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 72.00 110.26 Td (Ending balance) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 399.75 110.39 Td (29,042) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.75 110.26 Td (29,784) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.75 110.26 Td (27,731) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 57.00 98.73 Td (T) Tj ET Q
q 0 0 0 rg BT 62.19 98.73 Td (OT) Tj ET Q
q 0 0 0 rg BT 73.16 98.73 Td (AL) Tj ET Q
q 0 0 0 rg BT 83.83 98.73 Td ( ST) Tj ET Q
q 0 0 0 rg BT 95.47 98.73 Td (OCKHOLDERS�) Tj ET Q
q 0 0 0 rg BT 154.88 98.73 Td ( EQUITY) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 367.00 98.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 389.15 98.39 Td (3,821,681) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 433.00 98.26 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 455.15 98.26 Td (3,689,539) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 499.00 98.26 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 521.15 98.26 Td (3,852,136) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 54.00 86.55 Td (See Notes to Consolidated Financial Statements) Tj ET Q
endstream
endobj
187 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 188 0 R>>
endobj
188 0 obj
<</Length 12256>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (91) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 210.40 742.25 Td (LEGG MASON, INC. ) Tj ET Q
q 0 0 0 rg BT 306.80 742.25 Td (AND SUBSIDIARIES) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 188.65 730.25 Td (CONSOLIDA) Tj ET Q
q 0 0 0 rg BT 248.47 730.25 Td (TED ST) Tj ET Q
q 0 0 0 rg BT 283.02 730.25 Td (A) Tj ET Q
q 0 0 0 rg BT 289.50 730.25 Td (TEMENTS OF) Tj ET Q
q 0 0 0 rg BT 354.42 730.25 Td ( CASH FLOWS) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 261.55 718.25 Td (\(Dollars in thousands\)) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 665.75 m
363.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 680.75 m
429.5 680.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 665.75 m
429.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
429.5 680.75 m
433.5 680.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
433.5 680.75 m
495.5 680.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
433.5 665.75 m
495.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495.5 680.75 m
499.5 680.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
499.5 680.75 m
561.5 680.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
499.5 665.75 m
561.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 265.75 m
429.5 265.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
433.5 265.75 m
495.5 265.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
499.5 265.75 m
561.5 265.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 265.75 m
363.5 265.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 250.75 m
363.5 250.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 265.75 m
429.5 265.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 250.75 m
429.5 250.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
433.5 265.75 m
495.5 265.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
433.5 250.75 m
495.5 250.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
499.5 265.75 m
561.5 265.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
499.5 250.75 m
561.5 250.75 l
s
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.00 685.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 417.00 685.42 Td (Y) Tj ET Q
q 0 0 0 rg BT 423.72 685.42 Td (ears Ended March 31,) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.00 670.42 Td (�) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 388.00 670.43 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.00 670.42 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 520.00 670.42 Td (2018) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.00 655.43 Td (CASH FLOWS FROM OPERA) Tj ET Q
q 0 0 0 rg BT 188.58 655.43 Td (TING ) Tj ET Q
q 0 0 0 rg BT 215.99 655.43 Td (ACTIVITIES) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 70.00 640.42 Td (Net Income) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 370.00 640.43 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 393.15 640.43 Td (304,486) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 436.00 640.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 469.15 640.42 Td (7,934) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 502.00 640.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 525.15 640.42 Td (336,350) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 70.00 625.42 Td (Adjustments to reconcile Net Income to net cash provided by) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 83.50 615.42 Td (operations:) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 600.42 Td (Depreciation and amortization) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 398.15 600.43 Td (67,378) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 464.15 600.42 Td (72,795) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 530.15 600.42 Td (72,986) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 585.42 Td (Accretion and amortization of securities discounts and premiums, net) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 403.15 585.43 Td (1,344) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 469.15 585.42 Td (2,057) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 535.15 585.42 Td (2,816) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 570.42 Td (Stock-based compensation) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 398.15 570.43 Td (67,301) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 464.15 570.42 Td (65,884) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 530.15 570.42 Td (70,875) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 555.42 Td (Net unrealized \(gains\) losses on investments) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 398.15 555.43 Td (43,967) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 469.15 555.42 Td (8,380) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.80 555.47 Td (\(4,741) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 557.65 555.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 540.42 Td (Net \(gains\) losses and earnings on investments) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 394.80 540.48 Td (\(29,290) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 425.65 540.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.80 540.47 Td (\(27,705) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 491.65 540.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 542.65 540.42 Td (305) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 525.42 Td (Net \(gains\) losses of consolidated investment vehicles) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 394.80 525.48 Td (\(16,262) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 425.65 525.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 476.65 525.42 Td (565) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.80 525.47 Td (\(9,781) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 557.65 525.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 510.42 Td (Deferred income taxes) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 398.15 510.43 Td (97,051) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.80 510.47 Td (\(8,319) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 491.65 510.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 530.15 510.42 Td (72,182) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 495.42 Td (Impairments of intangible assets) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 415.65 495.43 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 459.15 495.42 Td (365,200) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 525.15 495.42 Td (229,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 480.42 Td (T) Tj ET Q
q 0 0 0 rg BT 81.76 480.42 Td (ax expense \(benefit\) for new ) Tj ET Q
q 0 0 0 rg BT 198.21 480.42 Td (T) Tj ET Q
q 0 0 0 rg BT 203.88 480.42 Td (ax Law) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 415.65 480.43 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 469.15 480.42 Td (2,164) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 521.80 480.47 Td (\(213,675) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 557.65 480.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 465.42 Td (Contingent consideration fair value adjustments) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 407.30 465.48 Td (\(915) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 425.65 465.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 476.65 465.42 Td (571) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.80 465.47 Td (\(31,329) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 557.65 465.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 450.42 Td (Other) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 410.65 450.43 Td (719) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 469.15 450.42 Td (1,155) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 535.15 450.42 Td (1,047) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 70.00 435.42 Td (Decrease \(increase\) in assets:) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 420.42 Td (Investment advisory and related fees receivable) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 398.15 420.43 Td (15,407) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 464.15 420.42 Td (45,695) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.80 420.47 Td (\(38,094) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 557.65 420.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 405.42 Td (Net \(purchases\) sales of trading and other investments) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 399.80 405.48 Td (\(6,591) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 425.65 405.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 469.15 405.42 Td (9,991) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 530.15 405.42 Td (44,1) Tj ET Q
q 0 0 0 rg BT 547.65 405.42 Td (15) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 390.42 Td (Other receivables) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 403.15 390.43 Td (2,558) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.80 390.47 Td (\(8,822) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 491.65 390.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 535.15 390.42 Td (9,109) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 375.42 Td (Other assets) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 398.15 375.43 Td (17,434) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.80 375.47 Td (\(18,507) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 491.65 375.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 535.15 375.42 Td (2,038) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 360.42 Td (Assets of consolidated investment vehicles) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 398.15 360.43 Td (24,093) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 464.15 360.42 Td (12,559) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.80 360.47 Td (\(67,690) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 557.65 360.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 70.00 345.42 Td (Increase \(decrease\) in liabilities:) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 330.42 Td (Accrued compensation) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 403.15 330.43 Td (7,844) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 459.15 330.42 Td (100,640) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.80 330.47 Td (\(13,946) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 557.65 330.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 315.42 Td (Deferred compensation) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 403.15 315.43 Td (9,745) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.80 315.47 Td (\(6,873) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 491.65 315.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 535.15 315.42 Td (4,447) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 300.42 Td (Accounts payable and accrued expenses) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 394.80 300.48 Td (\(26,404) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 425.65 300.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 469.15 300.42 Td (9,553) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.80 300.47 Td (\(8,956) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 557.65 300.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 285.42 Td (Other liabilities) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 394.80 285.48 Td (\(14,61) Tj ET Q
q 0 0 0 rg BT 420.63 285.48 Td (1) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 425.65 285.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.80 285.47 Td (\(79,159) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 491.65 285.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 530.15 285.42 Td (32,412) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 76.00 270.42 Td (Other liabilities of consolidated investment vehicles) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 399.80 270.48 Td (\(4,698) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 425.65 270.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 469.15 270.42 Td (5,108) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 539.30 270.47 Td (\(102) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 557.65 270.42 Td (\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.00 255.43 Td (CASH PROVIDED BY) Tj ET Q
q 0 0 0 rg BT 151.64 255.43 Td ( OPERA) Tj ET Q
q 0 0 0 rg BT 188.40 255.43 Td (TING ) Tj ET Q
q 0 0 0 rg BT 215.91 255.43 Td (ACTIVITIES) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 370.00 255.43 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 393.15 255.43 Td (560,556) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 436.00 255.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 459.15 255.42 Td (560,866) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 502.00 255.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 525.15 255.42 Td (489,368) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.25 238.65 Td (\(Continued\)) Tj ET Q
endstream
endobj
189 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 190 0 R>>
endobj
190 0 obj
<</Length 20314>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (92) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 210.40 742.25 Td (LEGG MASON, INC. ) Tj ET Q
q 0 0 0 rg BT 306.80 742.25 Td (AND SUBSIDIARIES) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 153.50 730.25 Td (CONSOLIDA) Tj ET Q
q 0 0 0 rg BT 213.32 730.25 Td (TED ST) Tj ET Q
q 0 0 0 rg BT 247.88 730.25 Td (A) Tj ET Q
q 0 0 0 rg BT 254.35 730.25 Td (TEMENTS OF) Tj ET Q
q 0 0 0 rg BT 319.27 730.25 Td ( CASH FLOWS \(CONTINUED\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 261.55 718.25 Td (\(Dollars in thousands\)) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 665.75 m
430.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 665.75 m
434.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 665.75 m
496.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 665.75 m
500.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 665.75 m
562.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 650.75 m
364.5 650.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 650.75 m
430.5 650.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 650.75 m
496.5 650.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 665.75 m
562.5 665.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 650.75 m
562.5 650.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 650.75 m
364.5 650.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 650.75 m
430.5 650.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 650.75 m
496.5 650.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 650.75 m
562.5 650.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 550.75 m
430.5 550.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 550.75 m
496.5 550.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 550.75 m
562.5 550.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 550.75 m
364.5 550.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 535.75 m
364.5 535.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 535.75 m
430.5 535.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 535.75 m
496.5 535.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 550.75 m
562.5 550.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 535.75 m
562.5 535.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 535.75 m
364.5 535.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 370.75 m
364.5 370.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 370.75 m
430.5 370.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 370.75 m
496.5 370.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 370.75 m
562.5 370.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 355.75 m
364.5 355.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 355.75 m
430.5 355.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 355.75 m
496.5 355.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 355.75 m
562.5 355.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 355.75 m
430.5 355.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 355.75 m
496.5 355.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 355.75 m
562.5 355.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 286.75 m
430.5 286.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 286.75 m
496.5 286.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 286.75 m
562.5 286.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 286.75 m
364.5 286.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 271.75 m
364.5 271.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 286.75 m
430.5 286.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 271.75 m
430.5 271.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 286.75 m
496.5 286.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 271.75 m
496.5 271.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 286.75 m
562.5 286.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 271.75 m
562.5 271.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 191.75 m
430.5 191.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 191.75 m
434.5 191.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 191.75 m
496.5 191.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 191.75 m
500.5 191.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 191.75 m
562.5 191.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 176.75 m
364.5 176.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 176.75 m
430.5 176.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 176.75 m
496.5 176.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 176.75 m
562.5 176.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 91.75 m
364.5 91.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 91.75 m
430.5 91.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 91.75 m
496.5 91.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 91.75 m
562.5 91.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 65.75 m
364.5 65.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 91.75 m
430.5 91.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368.5 65.75 m
430.5 65.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 91.75 m
496.5 91.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 65.75 m
496.5 65.75 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500.5 65.75 m
562.5 65.75 l
s
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 670.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 418.00 670.42 Td (Y) Tj ET Q
q 0 0 0 rg BT 424.72 670.42 Td (ears Ended March 31,) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 655.42 Td (�) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 389.00 655.43 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 455.00 655.42 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 521.00 655.42 Td (2018) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 640.43 Td (CASH FLOWS FROM INVESTING ) Tj ET Q
q 0 0 0 rg BT 213.30 640.43 Td (ACTIVITIES) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 625.42 Td (Business acquisition, net of cash acquired of $992) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.00 625.43 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 395.80 625.48 Td (\(10,247) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 625.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 437.00 625.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 482.65 625.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 503.00 625.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 548.65 625.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 610.42 Td (Payments for fixed assets) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 395.80 610.48 Td (\(29,606) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 610.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 461.80 610.47 Td (\(51,335) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 610.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 527.80 610.47 Td (\(37,346) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 610.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 595.42 Td (Contingent payment from prior sale of business) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 416.65 595.43 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 477.65 595.42 Td (923) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 536.15 595.42 Td (6,028) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 580.42 Td (Business investments) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 395.80 580.48 Td (\(14,150) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 580.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 482.65 580.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 532.80 580.47 Td (\(2,950) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 580.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 565.42 Td (Returns of capital and proceeds from sales and maturities of) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 555.42 Td (investments) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 404.15 555.43 Td (8,631) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.15 555.42 Td (13,91) Tj ET Q
q 0 0 0 rg BT 487.65 555.42 Td (1) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 555.42 Td (14,785) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 540.43 Td (CASH USED IN INVESTING ) Tj ET Q
q 0 0 0 rg BT 184.42 540.43 Td (ACTIVITIES) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 395.80 540.48 Td (\(45,372) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 540.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 461.80 540.47 Td (\(36,501) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 540.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 527.80 540.47 Td (\(19,483) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 540.42 Td (\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 525.43 Td (CASH FLOWS FROM FINANCING ) Tj ET Q
q 0 0 0 rg BT 214.95 525.43 Td (ACTIVITIES) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 503.00 525.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 510.42 Td (Repayment of long-term debt) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 390.80 510.48 Td (\(250,000) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 510.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 482.65 510.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 548.65 510.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 495.42 Td (Dividends paid) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 390.80 495.48 Td (\(137,950) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 495.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 456.80 495.47 Td (\(1) Tj ET Q
q 0 0 0 rg BT 465.13 495.47 Td (14,761) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 495.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 522.80 495.47 Td (\(102,178) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 495.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 480.42 Td (Distributions to af) Tj ET Q
q 0 0 0 rg BT 143.68 480.42 Td (filiate noncontrolling interests) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 395.80 480.48 Td (\(37,787) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 480.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 461.80 480.47 Td (\(38,575) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 480.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 527.80 480.47 Td (\(61,858) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 480.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 465.42 Td (Payment of contingent consideration) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 408.30 465.48 Td (\(500) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 465.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 466.80 465.47 Td (\(4,869) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 465.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 532.80 465.47 Td (\(3,242) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 465.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 450.42 Td (Purchase of af) Tj ET Q
q 0 0 0 rg BT 128.11 450.42 Td (filiate noncontrolling interests) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 395.80 450.48 Td (\(10,547) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 450.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 461.80 450.47 Td (\(16,528) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 450.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 548.65 450.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 435.42 Td (Net \(redemptions\) subscriptions attributable to noncontrolling interests) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 408.30 435.48 Td (\(873) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 435.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 461.80 435.47 Td (\(22,193) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 435.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 435.42 Td (57,228) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 420.42 Td (Employee tax withholdings by settlement of net share transactions) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 395.80 420.48 Td (\(15,448) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 420.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 461.80 420.47 Td (\(15,575) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 420.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 527.80 420.47 Td (\(13,233) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 420.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 405.42 Td (Issuances of common stock for stock-based compensation) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 399.15 405.43 Td (44,094) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 470.15 405.42 Td (6,472) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 405.42 Td (14,626) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 390.42 Td (Repurchases of common stock) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 416.65 390.43 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 482.65 390.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 522.80 390.47 Td (\(479,139) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 390.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 375.42 Td (Increase \(decrease\) in short-term borrowings) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 416.65 375.43 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 456.80 375.47 Td (\(125,500) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 375.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 375.42 Td (125,500) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 360.43 Td (CASH USED IN FINANCING ) Tj ET Q
q 0 0 0 rg BT 186.07 360.43 Td (ACTIVITIES) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 390.80 360.48 Td (\(409,01) Tj ET Q
q 0 0 0 rg BT 421.63 360.48 Td (1) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 360.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 456.80 360.47 Td (\(331,529) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 360.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 522.80 360.47 Td (\(462,296) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 558.65 360.42 Td (\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 345.43 Td (EFFECT) Tj ET Q
q 0 0 0 rg BT 92.36 345.43 Td ( OF) Tj ET Q
q 0 0 0 rg BT 108.47 345.43 Td ( EXCHANGE RA) Tj ET Q
q 0 0 0 rg BT 185.14 345.43 Td (TES) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 400.80 345.48 Td (\(7,291) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 426.65 345.43 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 461.80 345.47 Td (\(15,806) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 492.65 345.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 345.42 Td (1) Tj ET Q
q 0 0 0 rg BT 536.15 345.42 Td (1,837) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 331.43 Td (NET) Tj ET Q
q 0 0 0 rg BT 73.47 331.43 Td ( INCREASE IN CASH, CASH EQUIV) Tj ET Q
q 0 0 0 rg BT 238.88 331.43 Td (ALENTS, ) Tj ET Q
q 0 0 0 rg BT 282.97 331.43 Td (AND) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 66.50 321.43 Td (RESTRICTED CASH) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 399.15 321.43 Td (98,882) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.15 321.42 Td (177,030) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 321.42 Td (19,426) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 306.43 Td (CASH, CASH EQUIV) Tj ET Q
q 0 0 0 rg BT 147.56 306.43 Td (ALENTS, ) Tj ET Q
q 0 0 0 rg BT 192.02 306.43 Td (AND RESTRICTED CASH:) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 71.00 291.43 Td (BEGINNING OF) Tj ET Q
q 0 0 0 rg BT 145.55 291.43 Td ( PERIOD) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 394.15 291.43 Td (950,795) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.15 291.42 Td (773,765) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 291.42 Td (754,339) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 71.00 276.43 Td (END OF) Tj ET Q
q 0 0 0 rg BT 108.13 276.43 Td ( PERIOD) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.00 276.43 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 386.65 276.43 Td (1,049,677) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 437.00 276.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.15 276.42 Td (950,795) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 503.00 276.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 276.42 Td (773,765) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 262.43 Td (Supplemental Disclosur) Tj ET Q
q 0 0 0 rg BT 154.31 262.43 Td (es) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 247.42 Td (Cash paid for:) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 559.00 247.42 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 62.00 232.42 Td (Income taxes, net of refunds of $5,883, $757 and $9,032, respectively) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.00 232.43 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 399.15 232.43 Td (17,155) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 437.00 232.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.15 232.42 Td (39,173) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 503.00 232.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 232.42 Td (32,879) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 62.00 217.42 Td (Interest) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 394.15 217.43 Td (109,886) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.15 217.42 Td (1) Tj ET Q
q 0 0 0 rg BT 465.15 217.42 Td (15,302) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 217.42 Td (1) Tj ET Q
q 0 0 0 rg BT 531.15 217.42 Td (15,025) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 432.20 196.42 Td (As of March 31,) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 53.00 181.43 Td (Reconciliation of cash, cash equivalents and r) Tj ET Q
q 0 0 0 rg BT 246.44 181.43 Td (estricted cash) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 389.00 181.43 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 455.00 181.42 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 521.00 181.42 Td (2018) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 62.00 166.42 Td (Cash and cash equivalents) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.00 166.43 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 386.65 166.43 Td (1,018,860) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 437.00 166.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.15 166.42 Td (921,071) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 503.00 166.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 166.42 Td (736,130) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 62.00 151.42 Td (Restricted cash:) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 136.42 Td (Corporate restricted cash) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 399.15 136.43 Td (28,133) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.15 136.42 Td (21,213) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 531.15 136.42 Td (30,428) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 121.42 Td (Cash and cash equivalents of consolidated investment vehicles) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 411.65 121.43 Td (620) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 470.15 121.42 Td (4,219) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 536.15 121.42 Td (2,800) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 71.00 106.42 Td (Af) Tj ET Q
q 0 0 0 rg BT 81.37 106.42 Td (filiate employee benefit trust cash included in Other non-current) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 80.00 96.42 Td (assets) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 404.15 96.43 Td (2,064) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 470.15 96.42 Td (4,292) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 536.15 96.42 Td (4,407) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 75.50 80.42 Td (T) Tj ET Q
q 0 0 0 rg BT 80.91 80.42 Td (otal cash, cash equivalents and restricted cash per consolidated) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 89.00 70.42 Td (statements of cash flows) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 371.00 70.43 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 386.65 70.43 Td (1,049,677) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 437.00 70.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.15 70.42 Td (950,795) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 503.00 70.42 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 526.15 70.42 Td (773,765) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 50.00 56.65 Td (See Notes to Consolidated Financial Statements) Tj ET Q
endstream
endobj
191 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 192 0 R>>
endobj
192 0 obj
<</Length 33122>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (93) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 205.60 741.90 Td (LEGG MASON, INC. ) Tj ET Q
q 0 0 0 rg BT 306.82 741.90 Td (AND SUBSIDIARIES) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 168.75 729.30 Td (NOTES ) Tj ET Q
q 0 0 0 rg BT 206.78 729.30 Td (T) Tj ET Q
q 0 0 0 rg BT 213.60 729.30 Td (O CONSOLIDA) Tj ET Q
q 0 0 0 rg BT 287.21 729.30 Td (TED FINANCIAL) Tj ET Q
q 0 0 0 rg BT 370.35 729.30 Td ( ST) Tj ET Q
q 0 0 0 rg BT 385.04 729.30 Td (A) Tj ET Q
q 0 0 0 rg BT 391.84 729.30 Td (TEMENTS) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 144.85 716.70 Td (\(Amounts in thousands, except per share amounts or unless otherwise noted\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 272.60 704.10 Td (March 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 339.38 704.10 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 54.75 678.90 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.00 678.90 Td (Significant ) Tj ET Q
q 0 0 0 rg BT 110.47 678.90 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 164.43 678.90 Td (Policies) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 198.26 678.90 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (Business ) Tj ET Q
q 0 0 0 rg BT 90.65 653.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 110.20 653.70 Td (Basis ) Tj ET Q
q 0 0 0 rg BT 136.17 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.54 653.70 Td (Pr) Tj ET Q
q 0 0 0 rg BT 158.43 653.70 Td (esentation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.30 641.10 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 127.39 641.10 Td (\("Parent"\) ) Tj ET Q
q 0 0 0 rg BT 173.01 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 191.40 641.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 204.54 641.10 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 257.35 641.10 Td (\(collectively) Tj ET Q
q 0 0 0 rg BT 309.14 641.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 315.00 641.10 Td ("Legg ) Tj ET Q
q 0 0 0 rg BT 344.08 641.10 Td (Mason"\) ) Tj ET Q
q 0 0 0 rg BT 383.67 641.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 399.72 641.10 Td (principally ) Tj ET Q
q 0 0 0 rg BT 448.43 641.10 Td (engaged ) Tj ET Q
q 0 0 0 rg BT 486.64 641.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 498.03 641.10 Td (providing ) Tj ET Q
q 0 0 0 rg BT 542.09 641.10 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 105.77 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.56 628.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 154.74 628.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 194.10 628.50 Td (services ) Tj ET Q
q 0 0 0 rg BT 230.54 628.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 241.34 628.50 Td (individuals, ) Tj ET Q
q 0 0 0 rg BT 293.25 628.50 Td (institutions, ) Tj ET Q
q 0 0 0 rg BT 345.18 628.50 Td (corporations ) Tj ET Q
q 0 0 0 rg BT 400.29 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 418.08 628.50 Td (municipalities.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.86 603.30 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 124.97 603.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 164.73 603.30 Td (statements ) Tj ET Q
q 0 0 0 rg BT 212.09 603.30 Td (include ) Tj ET Q
q 0 0 0 rg BT 246.03 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.90 603.30 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 301.67 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 313.45 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 329.31 603.30 Td (Parent ) Tj ET Q
q 0 0 0 rg BT 359.17 603.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.37 603.30 Td (its ) Tj ET Q
q 0 0 0 rg BT 390.33 603.30 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 442.94 603.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 454.14 603.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 482.84 603.30 Td (it ) Tj ET Q
q 0 0 0 rg BT 491.71 603.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 508.74 603.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 516.44 603.30 Td (controlling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.94 590.70 Td (interest. ) Tj ET Q
q 0 0 0 rg BT 125.18 590.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 127.89 590.70 Td (Generally) Tj ET Q
q 0 0 0 rg BT 168.60 590.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 173.94 590.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 186.56 590.70 Td (entity ) Tj ET Q
q 0 0 0 rg BT 213.18 590.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 222.89 590.70 Td (considered ) Tj ET Q
q 0 0 0 rg BT 271.08 590.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 281.96 590.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 304.49 590.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 311.86 590.70 Td (controlling ) Tj ET Q
q 0 0 0 rg BT 360.64 590.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 400.08 590.70 Td (interest ) Tj ET Q
q 0 0 0 rg BT 433.70 590.70 Td (when ) Tj ET Q
q 0 0 0 rg BT 459.15 590.70 Td (it ) Tj ET Q
q 0 0 0 rg BT 467.69 590.70 Td (owns ) Tj ET Q
q 0 0 0 rg BT 492.57 590.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 499.94 590.70 Td (majority ) Tj ET Q
q 0 0 0 rg BT 538.22 590.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.68 590.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (voting ) Tj ET Q
q 0 0 0 rg BT 79.32 578.10 Td (interest ) Tj ET Q
q 0 0 0 rg BT 113.22 578.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 124.38 578.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 137.28 578.10 Td (entity) Tj ET Q
q 0 0 0 rg BT 160.51 578.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 166.12 578.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 169.11 578.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 193.68 578.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 225.25 578.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 235.24 578.10 Td (also ) Tj ET Q
q 0 0 0 rg BT 255.15 578.10 Td (required ) Tj ET Q
q 0 0 0 rg BT 293.12 578.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 304.27 578.10 Td (consolidate ) Tj ET Q
q 0 0 0 rg BT 355.08 578.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 373.23 578.10 Td (variable ) Tj ET Q
q 0 0 0 rg BT 410.04 578.10 Td (interest ) Tj ET Q
q 0 0 0 rg BT 443.93 578.10 Td (entity ) Tj ET Q
q 0 0 0 rg BT 470.83 578.10 Td (\("VIE"\) ) Tj ET Q
q 0 0 0 rg BT 506.88 578.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 518.04 578.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 546.69 578.10 Td (it ) Tj ET Q
q 0 0 0 rg BT 555.51 578.10 Td (is ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (considered ) Tj ET Q
q 0 0 0 rg BT 98.24 565.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 109.67 565.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 122.84 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.93 565.50 Td (primary ) Tj ET Q
q 0 0 0 rg BT 175.42 565.50 Td (beneficiary) Tj ET Q
q 0 0 0 rg BT 221.96 565.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 227.85 565.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 231.11 565.50 Td (See ) Tj ET Q
q 0 0 0 rg BT 249.53 565.50 Td ("Consolidation" ) Tj ET Q
q 0 0 0 rg BT 320.28 565.50 Td (below ) Tj ET Q
q 0 0 0 rg BT 349.20 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 367.62 565.50 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.29 565.50 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.79 565.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 405.05 565.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 420.55 565.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 428.47 565.50 Td (further ) Tj ET Q
q 0 0 0 rg BT 460.30 565.50 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 507.31 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.08 565.50 Td (VIEs. ) Tj ET Q
q 0 0 0 rg BT 546.55 565.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 549.09 565.50 Td (All ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (material ) Tj ET Q
q 0 0 0 rg BT 86.52 552.90 Td (intercompany ) Tj ET Q
q 0 0 0 rg BT 146.88 552.90 Td (balances ) Tj ET Q
q 0 0 0 rg BT 185.65 552.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 203.44 552.90 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 256.22 552.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 278.66 552.90 Td (been ) Tj ET Q
q 0 0 0 rg BT 301.11 552.90 Td (eliminated.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 83.03 527.70 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 121.24 527.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 132.03 527.70 Td (prior ) Tj ET Q
q 0 0 0 rg BT 155.07 527.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 175.76 527.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 215.12 527.70 Td (statements ) Tj ET Q
q 0 0 0 rg BT 262.06 527.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 284.51 527.70 Td (been ) Tj ET Q
q 0 0 0 rg BT 306.96 527.70 Td (reclassified ) Tj ET Q
q 0 0 0 rg BT 357.39 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 368.19 527.70 Td (conform ) Tj ET Q
q 0 0 0 rg BT 406.38 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 417.17 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 432.63 527.70 Td (current ) Tj ET Q
q 0 0 0 rg BT 464.98 527.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 485.68 527.70 Td (presentation.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (All ) Tj ET Q
q 0 0 0 rg BT 65.75 502.50 Td (references ) Tj ET Q
q 0 0 0 rg BT 111.72 502.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 122.72 502.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 148.30 502.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 174.76 502.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 198.59 502.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 210.17 502.50 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 236.63 502.50 Td (refer ) Tj ET Q
q 0 0 0 rg BT 259.28 502.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 270.28 502.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 294.69 502.50 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 332.09 502.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 357.67 502.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 378.57 502.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 406.48 502.50 Td (March�31 ) Tj ET Q
q 0 0 0 rg BT 449.84 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 461.42 502.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 480.00 502.50 Td (year) Tj ET Q
q 0 0 0 rg BT 497.49 502.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 502.75 502.50 Td (T) Tj ET Q
q 0 0 0 rg BT 508.43 502.50 Td (erms ) Tj ET Q
q 0 0 0 rg BT 531.68 502.50 Td (such ) Tj ET Q
q 0 0 0 rg BT 553.76 502.50 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td ("we", ) Tj ET Q
q 0 0 0 rg BT 75.57 489.90 Td ("us", ) Tj ET Q
q 0 0 0 rg BT 98.72 489.90 Td ("our) Tj ET Q
q 0 0 0 rg BT 116.59 489.90 Td (," ) Tj ET Q
q 0 0 0 rg BT 126.12 489.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 143.91 489.90 Td ("Company" ) Tj ET Q
q 0 0 0 rg BT 195.94 489.90 Td (refer ) Tj ET Q
q 0 0 0 rg BT 218.37 489.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 229.17 489.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 253.37 489.90 Td (Mason.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 72.55 464.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 83.92 464.70 Td (Merger) Tj ET Q
q 0 0 0 rg BT 117.53 464.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 120.16 464.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 142.62 464.70 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 184.92 464.70 Td (Resour) Tj ET Q
q 0 0 0 rg BT 216.81 464.70 Td (ces, ) Tj ET Q
q 0 0 0 rg BT 235.47 464.70 Td (Inc.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (On ) Tj ET Q
q 0 0 0 rg BT 64.51 452.10 Td (February ) Tj ET Q
q 0 0 0 rg BT 104.60 452.10 Td (17, ) Tj ET Q
q 0 0 0 rg BT 119.90 452.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 145.71 452.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 169.46 452.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 200.23 452.10 Td (entered ) Tj ET Q
q 0 0 0 rg BT 233.30 452.10 Td (into ) Tj ET Q
q 0 0 0 rg BT 251.82 452.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 263.43 452.10 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 312.25 452.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 329.60 452.10 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 350.44 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.37 452.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 378.67 452.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 394.26 452.10 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 412.77 452.10 Td ("Mer) Tj ET Q
q 0 0 0 rg BT 434.36 452.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 449.46 452.10 Td (Agreement"\) ) Tj ET Q
q 0 0 0 rg BT 506.07 452.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 526.92 452.10 Td (Franklin ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (Resources, ) Tj ET Q
q 0 0 0 rg BT 99.69 439.50 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 120.14 439.50 Td (\("Franklin ) Tj ET Q
q 0 0 0 rg BT 167.60 439.50 Td (T) Tj ET Q
q 0 0 0 rg BT 173.28 439.50 Td (empleton"\) ) Tj ET Q
q 0 0 0 rg BT 224.55 439.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 243.15 439.50 Td (Alpha ) Tj ET Q
q 0 0 0 rg BT 273.22 439.50 Td (Sub, ) Tj ET Q
q 0 0 0 rg BT 296.60 439.50 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 317.05 439.50 Td (\("Mer) Tj ET Q
q 0 0 0 rg BT 342.14 439.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 359.96 439.50 Td (Sub"\), ) Tj ET Q
q 0 0 0 rg BT 391.12 439.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 400.19 439.50 Td (wholly ) Tj ET Q
q 0 0 0 rg BT 433.77 439.50 Td (owned ) Tj ET Q
q 0 0 0 rg BT 466.18 439.50 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 513.76 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 526.92 439.50 Td (Franklin ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (T) Tj ET Q
q 0 0 0 rg BT 55.18 426.90 Td (empleton, ) Tj ET Q
q 0 0 0 rg BT 99.35 426.90 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 137.99 426.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 148.63 426.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 176.77 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.07 426.90 Td (Company ) Tj ET Q
q 0 0 0 rg BT 235.38 426.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 254.19 426.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 266.58 426.90 Td (mer) Tj ET Q
q 0 0 0 rg BT 282.71 426.90 Td (ged ) Tj ET Q
q 0 0 0 rg BT 300.35 426.90 Td (into ) Tj ET Q
q 0 0 0 rg BT 319.16 426.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 336.46 426.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 352.34 426.90 Td (Sub ) Tj ET Q
q 0 0 0 rg BT 371.16 426.90 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 389.96 426.90 Td ("Mer) Tj ET Q
q 0 0 0 rg BT 411.55 426.90 Td (ger"\), ) Tj ET Q
q 0 0 0 rg BT 437.84 426.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 458.98 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 474.28 426.90 Td (Company ) Tj ET Q
q 0 0 0 rg BT 517.59 426.90 Td (continuing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.87 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.33 414.30 Td (surviving ) Tj ET Q
q 0 0 0 rg BT 118.62 414.30 Td (corporation ) Tj ET Q
q 0 0 0 rg BT 169.64 414.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 187.43 414.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 194.71 414.30 Td (wholly ) Tj ET Q
q 0 0 0 rg BT 226.51 414.30 Td (owned ) Tj ET Q
q 0 0 0 rg BT 257.13 414.30 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 302.92 414.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.29 414.30 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 352.30 414.30 Td (T) Tj ET Q
q 0 0 0 rg BT 357.99 414.30 Td (empleton.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (Pursuant ) Tj ET Q
q 0 0 0 rg BT 88.29 389.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 98.49 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 113.35 389.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 130.65 389.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 145.65 389.10 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 196.95 389.10 Td (each ) Tj ET Q
q 0 0 0 rg BT 218.22 389.10 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 269.25 389.10 Td (share ) Tj ET Q
q 0 0 0 rg BT 293.44 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 304.22 389.10 Td (common ) Tj ET Q
q 0 0 0 rg BT 343.00 389.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 367.20 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.98 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 392.84 389.10 Td (Company ) Tj ET Q
q 0 0 0 rg BT 435.71 389.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 454.08 389.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 466.02 389.10 Td (converted ) Tj ET Q
q 0 0 0 rg BT 509.45 389.10 Td (into ) Tj ET Q
q 0 0 0 rg BT 527.82 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 542.68 389.10 Td (right ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.72 376.50 Td (receive ) Tj ET Q
q 0 0 0 rg BT 94.07 376.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 117.53 376.50 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 155.94 376.50 Td (T) Tj ET Q
q 0 0 0 rg BT 161.62 376.50 Td (empleton ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.74 376.50 Td ($50.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 232.62 376.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 235.66 376.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 246.88 376.50 Td (cash. ) Tj ET Q
q 0 0 0 rg BT 271.21 376.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 274.04 376.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 293.41 376.50 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 342.53 376.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 352.58 376.50 Td (expected ) Tj ET Q
q 0 0 0 rg BT 392.94 376.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 404.15 376.50 Td (close ) Tj ET Q
q 0 0 0 rg BT 428.77 376.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 442.32 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 458.20 376.50 Td (end ) Tj ET Q
q 0 0 0 rg BT 476.41 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.20 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.08 376.50 Td (third ) Tj ET Q
q 0 0 0 rg BT 526.96 376.50 Td (calendar ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 82.46 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.44 363.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 121.29 363.90 Td (subject ) Tj ET Q
q 0 0 0 rg BT 154.26 363.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 165.66 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.71 363.90 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 232.76 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 244.74 363.90 Td (customary ) Tj ET Q
q 0 0 0 rg BT 291.71 363.90 Td (closing ) Tj ET Q
q 0 0 0 rg BT 325.27 363.90 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 372.24 363.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 387.72 363.90 Td (both ) Tj ET Q
q 0 0 0 rg BT 409.61 363.90 Td (parties, ) Tj ET Q
q 0 0 0 rg BT 443.45 363.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 486.35 363.90 Td (among ) Tj ET Q
q 0 0 0 rg BT 518.15 363.90 Td (others, ) Tj ET Q
q 0 0 0 rg BT 549.67 363.90 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (approval ) Tj ET Q
q 0 0 0 rg BT 88.40 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 99.32 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.31 351.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 131.62 351.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 146.71 351.30 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 195.53 351.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 208.19 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.19 351.30 Td (holders ) Tj ET Q
q 0 0 0 rg BT 256.27 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.18 351.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 274.01 351.30 Td (majority ) Tj ET Q
q 0 0 0 rg BT 311.76 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.67 351.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 346.41 351.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 383.14 351.30 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 434.31 351.30 Td (common ) Tj ET Q
q 0 0 0 rg BT 473.22 351.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 501.63 351.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 518.96 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.95 351.30 Td (receipt ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 338.70 Td (required ) Tj ET Q
q 0 0 0 rg BT 98.48 338.70 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 144.25 338.70 Td (approvals.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.50 Td (Risks ) Tj ET Q
q 0 0 0 rg BT 76.64 313.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 96.19 313.50 Td (Uncertainties) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.16 300.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 89.48 300.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 115.02 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.63 300.90 Td (W) Tj ET Q
q 0 0 0 rg BT 138.70 300.90 Td (orld ) Tj ET Q
q 0 0 0 rg BT 157.52 300.90 Td (Health ) Tj ET Q
q 0 0 0 rg BT 187.43 300.90 Td (Or) Tj ET Q
q 0 0 0 rg BT 198.32 300.90 Td (ganization ) Tj ET Q
q 0 0 0 rg BT 243.97 300.90 Td (declared ) Tj ET Q
q 0 0 0 rg BT 281.44 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.18 300.90 Td (outbreak ) Tj ET Q
q 0 0 0 rg BT 334.83 300.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 345.50 300.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 352.07 300.90 Td (novel ) Tj ET Q
q 0 0 0 rg BT 377.31 300.90 Td (coronavirus ) Tj ET Q
q 0 0 0 rg BT 428.80 300.90 Td (\("COVID-19"\) ) Tj ET Q
q 0 0 0 rg BT 493.52 300.90 Td (global ) Tj ET Q
q 0 0 0 rg BT 521.68 300.90 Td (pandemic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.20 288.30 Td (recommended ) Tj ET Q
q 0 0 0 rg BT 127.21 288.30 Td (containment ) Tj ET Q
q 0 0 0 rg BT 180.64 288.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.34 288.30 Td (mitigation ) Tj ET Q
q 0 0 0 rg BT 242.04 288.30 Td (measures ) Tj ET Q
q 0 0 0 rg BT 282.65 288.30 Td (worldwide.� ) Tj ET Q
q 0 0 0 rg BT 334.23 288.30 Td (This ) Tj ET Q
q 0 0 0 rg BT 354.43 288.30 Td (contagious ) Tj ET Q
q 0 0 0 rg BT 401.46 288.30 Td (disease ) Tj ET Q
q 0 0 0 rg BT 433.32 288.30 Td (outbreak ) Tj ET Q
q 0 0 0 rg BT 471.59 288.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 487.12 288.30 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 528.89 288.30 Td (af) Tj ET Q
q 0 0 0 rg BT 536.86 288.30 Td (fected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (workforces, ) Tj ET Q
q 0 0 0 rg BT 102.38 275.70 Td (customers, ) Tj ET Q
q 0 0 0 rg BT 150.60 275.70 Td (economies, ) Tj ET Q
q 0 0 0 rg BT 201.15 275.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 219.34 275.70 Td (global ) Tj ET Q
q 0 0 0 rg BT 248.61 275.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 288.36 275.70 Td (markets.� ) Tj ET Q
q 0 0 0 rg BT 329.66 275.70 Td (There ) Tj ET Q
q 0 0 0 rg BT 357.16 275.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 367.19 275.70 Td (significant ) Tj ET Q
q 0 0 0 rg BT 414.54 275.70 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 464.79 275.70 Td (around ) Tj ET Q
q 0 0 0 rg BT 496.97 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.82 275.70 Td (breadth ) Tj ET Q
q 0 0 0 rg BT 547.33 275.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (duration ) Tj ET Q
q 0 0 0 rg BT 86.71 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 97.67 263.10 Td (business ) Tj ET Q
q 0 0 0 rg BT 135.48 263.10 Td (disruptions ) Tj ET Q
q 0 0 0 rg BT 184.36 263.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 215.14 263.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 225.53 263.10 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 274.99 263.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 285.95 263.10 Td (well ) Tj ET Q
q 0 0 0 rg BT 306.25 263.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 317.21 263.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 329.35 263.10 Td (impact ) Tj ET Q
q 0 0 0 rg BT 360.14 263.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 372.85 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.90 263.10 Td (global ) Tj ET Q
q 0 0 0 rg BT 416.36 263.10 Td (economy) Tj ET Q
q 0 0 0 rg BT 454.17 263.10 Td (.� ) Tj ET Q
q 0 0 0 rg BT 461.47 263.10 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 507.70 263.10 Td (Management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 59.13 250.50 Td (currently ) Tj ET Q
q 0 0 0 rg BT 99.65 250.50 Td (unable ) Tj ET Q
q 0 0 0 rg BT 130.27 250.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 141.06 250.50 Td (determine ) Tj ET Q
q 0 0 0 rg BT 185.67 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 201.12 250.50 Td (extent ) Tj ET Q
q 0 0 0 rg BT 229.40 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 240.77 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.22 250.50 Td (potential ) Tj ET Q
q 0 0 0 rg BT 295.59 250.50 Td (impacts ) Tj ET Q
q 0 0 0 rg BT 330.88 250.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 341.67 250.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 354.21 250.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 393.57 250.50 Td (condition ) Tj ET Q
q 0 0 0 rg BT 435.86 250.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 447.23 250.50 Td (results ) Tj ET Q
q 0 0 0 rg BT 477.27 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.64 250.50 Td (operations.� ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (Use ) Tj ET Q
q 0 0 0 rg BT 68.46 225.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 79.83 225.30 Td (Estimates) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.57 212.70 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 122.38 212.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 160.85 212.70 Td (statements ) Tj ET Q
q 0 0 0 rg BT 206.92 212.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 221.48 212.70 Td (prepared ) Tj ET Q
q 0 0 0 rg BT 259.94 212.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 269.85 212.70 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 318.81 212.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 339.22 212.70 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 387.02 212.70 Td (principles ) Tj ET Q
q 0 0 0 rg BT 430.17 212.70 Td (generally ) Tj ET Q
q 0 0 0 rg BT 470.98 212.70 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 509.44 212.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 519.35 212.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.92 212.70 Td (United ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (States ) Tj ET Q
q 0 0 0 rg BT 78.00 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 89.41 200.10 Td (America ) Tj ET Q
q 0 0 0 rg BT 128.97 200.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.55 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.80 200.10 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 210.36 200.10 Td (rules ) Tj ET Q
q 0 0 0 rg BT 234.19 200.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 252.76 200.10 Td (regulations ) Tj ET Q
q 0 0 0 rg BT 302.84 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 315.00 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 331.25 200.10 Td (Securities ) Tj ET Q
q 0 0 0 rg BT 376.07 200.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 394.65 200.10 Td (Exchange ) Tj ET Q
q 0 0 0 rg BT 439.46 200.10 Td (Commission ) Tj ET Q
q 0 0 0 rg BT 495.97 200.10 Td (\("SEC"\), ) Tj ET Q
q 0 0 0 rg BT 536.84 200.10 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (require ) Tj ET Q
q 0 0 0 rg BT 83.16 187.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 140.73 187.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 152.83 187.50 Td (make ) Tj ET Q
q 0 0 0 rg BT 179.50 187.50 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 235.35 187.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 254.44 187.50 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 297.44 187.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 317.12 187.50 Td (af) Tj ET Q
q 0 0 0 rg BT 325.08 187.50 Td (fect ) Tj ET Q
q 0 0 0 rg BT 344.75 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.50 187.50 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 401.02 187.50 Td (reported ) Tj ET Q
q 0 0 0 rg BT 439.93 187.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 452.02 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 468.78 187.50 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 525.78 187.50 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (statements ) Tj ET Q
q 0 0 0 rg BT 95.85 174.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 113.04 174.90 Td (accompanying ) Tj ET Q
q 0 0 0 rg BT 176.29 174.90 Td (notes, ) Tj ET Q
q 0 0 0 rg BT 203.11 174.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 244.80 174.90 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 280.05 174.90 Td (recognition, ) Tj ET Q
q 0 0 0 rg BT 332.52 174.90 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 373.62 174.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 384.40 174.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 423.15 174.90 Td (instruments, ) Tj ET Q
q 0 0 0 rg BT 476.81 174.90 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 520.82 174.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 547.35 174.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.30 Td (goodwill, ) Tj ET Q
q 0 0 0 rg BT 93.45 162.30 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 147.00 162.30 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 211.93 162.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 231.08 162.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 265.97 162.30 Td (taxes. ) Tj ET Q
q 0 0 0 rg BT 294.16 162.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 298.15 162.30 Td (Management ) Tj ET Q
q 0 0 0 rg BT 356.95 162.30 Td (believes ) Tj ET Q
q 0 0 0 rg BT 395.34 162.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 415.07 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 431.88 162.30 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 474.94 162.30 Td (used ) Tj ET Q
q 0 0 0 rg BT 498.18 162.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 514.98 162.30 Td (reasonable, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (although ) Tj ET Q
q 0 0 0 rg BT 88.20 149.70 Td (actual ) Tj ET Q
q 0 0 0 rg BT 115.23 149.70 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 152.77 149.70 Td (could ) Tj ET Q
q 0 0 0 rg BT 178.05 149.70 Td (dif) Tj ET Q
q 0 0 0 rg BT 189.53 149.70 Td (fer ) Tj ET Q
q 0 0 0 rg BT 203.14 149.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 225.50 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 240.29 149.70 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 281.32 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.44 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 313.22 149.70 Td (dif) Tj ET Q
q 0 0 0 rg BT 324.70 149.70 Td (ferences ) Tj ET Q
q 0 0 0 rg BT 361.63 149.70 Td (could ) Tj ET Q
q 0 0 0 rg BT 386.91 149.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 408.69 149.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 415.31 149.70 Td (material ) Tj ET Q
q 0 0 0 rg BT 451.66 149.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 482.19 149.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 494.65 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.44 149.70 Td (consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.86 137.10 Td (statements.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.90 Td (Consolidation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.15 99.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 103.81 99.30 Td (sponsors ) Tj ET Q
q 0 0 0 rg BT 142.64 99.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 159.88 99.30 Td (manages ) Tj ET Q
q 0 0 0 rg BT 198.69 99.30 Td (various ) Tj ET Q
q 0 0 0 rg BT 231.67 99.30 Td (types ) Tj ET Q
q 0 0 0 rg BT 255.91 99.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 266.73 99.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 314.89 99.30 Td (products. ) Tj ET Q
q 0 0 0 rg BT 355.75 99.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 357.82 99.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 374.49 99.30 Td (its ) Tj ET Q
q 0 0 0 rg BT 386.48 99.30 Td (services, ) Tj ET Q
q 0 0 0 rg BT 425.00 99.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 448.65 99.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 479.31 99.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 488.39 99.30 Td (entitled ) Tj ET Q
q 0 0 0 rg BT 521.96 99.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 532.20 99.30 Td (receive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 105.59 86.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 124.93 86.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 142.54 86.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 163.06 86.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 175.41 86.70 Td (eligible, ) Tj ET Q
q 0 0 0 rg BT 211.97 86.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 238.32 86.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 269.32 86.70 Td (circumstances, ) Tj ET Q
q 0 0 0 rg BT 333.86 86.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 344.47 86.70 Td (receive ) Tj ET Q
q 0 0 0 rg BT 377.22 86.70 Td (additional ) Tj ET Q
q 0 0 0 rg BT 421.65 86.70 Td (subordinated ) Tj ET Q
q 0 0 0 rg BT 478.33 86.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 534.42 86.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 553.77 86.70 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 74.28 74.10 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 115.97 74.10 Td (fees. ) Tj ET Q
q 0 0 0 rg BT 138.70 74.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 141.91 74.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 166.69 74.10 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 204.45 74.10 Td (exposure ) Tj ET Q
q 0 0 0 rg BT 245.56 74.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 256.93 74.10 Td (risk ) Tj ET Q
q 0 0 0 rg BT 275.89 74.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 287.26 74.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 312.04 74.10 Td (entities ) Tj ET Q
q 0 0 0 rg BT 345.57 74.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 355.78 74.10 Td (generally ) Tj ET Q
q 0 0 0 rg BT 398.05 74.10 Td (limited ) Tj ET Q
q 0 0 0 rg BT 431.00 74.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 442.37 74.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 460.74 74.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 490.19 74.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 539.47 74.10 Td (it ) Tj ET Q
q 0 0 0 rg BT 548.51 74.10 Td (has ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.50 Td (made ) Tj ET Q
q 0 0 0 rg BT 75.39 61.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 87.29 61.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 97.45 61.50 Td (required ) Tj ET Q
q 0 0 0 rg BT 135.59 61.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 146.91 61.50 Td (make, ) Tj ET Q
q 0 0 0 rg BT 175.43 61.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 193.74 61.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 212.06 61.50 Td (earned ) Tj ET Q
q 0 0 0 rg BT 243.19 61.50 Td (but ) Tj ET Q
q 0 0 0 rg BT 259.76 61.50 Td (uncollected ) Tj ET Q
q 0 0 0 rg BT 311.31 61.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 368.11 61.50 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 390.79 61.50 Td (except ) Tj ET Q
q 0 0 0 rg BT 421.35 61.50 Td (those ) Tj ET Q
q 0 0 0 rg BT 446.67 61.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 462.06 61.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 490.88 61.50 Td (total ) Tj ET Q
q 0 0 0 rg BT 512.70 61.50 Td (return ) Tj ET Q
q 0 0 0 rg BT 540.92 61.50 Td (swap ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.90 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 109.62 48.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 133.00 48.90 Td (been ) Tj ET Q
q 0 0 0 rg BT 156.38 48.90 Td (executed, ) Tj ET Q
q 0 0 0 rg BT 199.88 48.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 215.68 48.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 244.90 48.90 Td (additional ) Tj ET Q
q 0 0 0 rg BT 290.45 48.90 Td (risks ) Tj ET Q
q 0 0 0 rg BT 313.85 48.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 330.23 48.90 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 374.04 48.90 Td (below) Tj ET Q
q 0 0 0 rg BT 399.02 48.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 405.20 48.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 408.76 48.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 433.90 48.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 466.04 48.90 Td (did ) Tj ET Q
q 0 0 0 rg BT 483.02 48.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 500.00 48.90 Td (sell ) Tj ET Q
q 0 0 0 rg BT 518.14 48.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 530.45 48.90 Td (transfer ) Tj ET Q
endstream
endobj
193 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 194 0 R>>
endobj
194 0 obj
<</Length 41717>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (94) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 98.96 741.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 126.83 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 138.38 741.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 156.92 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 169.04 741.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 194.00 741.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 243.46 741.75 Td (products. ) Tj ET Q
q 0 0 0 rg BT 285.62 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 289.00 741.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 301.13 741.75 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 351.71 741.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 373.76 741.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 413.87 741.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 463.32 741.75 Td (standards, ) Tj ET Q
q 0 0 0 rg BT 508.98 741.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.93 741.75 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (consolidates ) Tj ET Q
q 0 0 0 rg BT 103.75 729.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 134.65 729.15 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 179.57 729.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 227.99 729.15 Td (products, ) Tj ET Q
q 0 0 0 rg BT 269.12 729.15 Td (some ) Tj ET Q
q 0 0 0 rg BT 293.62 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 304.71 729.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 332.71 729.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 347.87 729.15 Td (designated ) Tj ET Q
q 0 0 0 rg BT 395.11 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 412.61 729.15 Td (reported ) Tj ET Q
q 0 0 0 rg BT 449.93 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 461.02 729.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 516.43 729.15 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 86.15 716.55 Td (\("CIVs"\). ) Tj ET Q
q 0 0 0 rg BT 128.76 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 130.85 716.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 149.42 716.55 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 208.24 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 219.24 716.55 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 264.07 716.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 312.39 716.55 Td (products, ) Tj ET Q
q 0 0 0 rg BT 353.43 716.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 395.34 716.55 Td (those ) Tj ET Q
q 0 0 0 rg BT 419.75 716.55 Td (designated ) Tj ET Q
q 0 0 0 rg BT 466.90 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 477.90 716.55 Td (CIVs, ) Tj ET Q
q 0 0 0 rg BT 504.94 716.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 521.18 716.55 Td (no ) Tj ET Q
q 0 0 0 rg BT 533.93 716.55 Td (impact ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.47 703.95 Td (Net ) Tj ET Q
q 0 0 0 rg BT 80.09 703.95 Td (Income ) Tj ET Q
q 0 0 0 rg BT 114.05 703.95 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 142.80 703.95 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 196.00 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 206.64 703.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 230.68 703.95 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 264.35 703.95 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 282.85 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 300.48 703.95 Td (does ) Tj ET Q
q 0 0 0 rg BT 322.19 703.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 338.07 703.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 360.36 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 367.49 703.95 Td (material ) Tj ET Q
q 0 0 0 rg BT 404.35 703.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 435.39 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 448.36 703.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 472.40 703.95 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 509.43 703.95 Td (consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 91.57 691.35 Td (results. ) Tj ET Q
q 0 0 0 rg BT 124.03 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 126.27 691.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 145.01 691.35 Td (change ) Tj ET Q
q 0 0 0 rg BT 177.16 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 187.75 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.99 691.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 228.15 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.31 691.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 252.23 691.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 307.71 691.35 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 352.71 691.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 401.21 691.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 439.79 691.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 449.21 691.35 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 488.35 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 498.93 691.35 Td (Non-Operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 83.67 678.75 Td (\(Expense\) ) Tj ET Q
q 0 0 0 rg BT 128.91 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 146.76 678.75 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 186.16 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 197.01 678.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 214.85 678.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 248.44 678.75 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 274.45 678.75 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 324.95 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 335.80 678.75 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 400.31 678.75 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 440.61 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 443.10 678.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 462.10 678.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 501.52 678.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 553.77 678.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 79.44 666.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 133.88 666.15 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 177.83 666.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 225.28 666.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 262.81 666.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 271.19 666.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 308.71 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 318.25 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 332.45 666.15 Td (Company's ) Tj ET Q
q 0 0 0 rg BT 380.63 666.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 435.08 666.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 473.18 666.15 Td (statements ) Tj ET Q
q 0 0 0 rg BT 518.88 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 530.75 666.15 Td (a�three-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (month ) Tj ET Q
q 0 0 0 rg BT 78.96 653.55 Td (lag ) Tj ET Q
q 0 0 0 rg BT 94.41 653.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 120.95 653.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 144.57 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 160.02 653.55 Td (availability ) Tj ET Q
q 0 0 0 rg BT 209.89 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 221.26 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 236.71 653.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 285.41 653.55 Td (product's ) Tj ET Q
q 0 0 0 rg BT 326.09 653.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 365.45 653.55 Td (information.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 82.15 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 92.65 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 107.22 628.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 155.05 628.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 192.96 628.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 216.28 628.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 246.61 628.35 Td (sponsors ) Tj ET Q
q 0 0 0 rg BT 285.11 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 302.02 628.35 Td (manages ) Tj ET Q
q 0 0 0 rg BT 340.50 628.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 355.07 628.35 Td (considered ) Tj ET Q
q 0 0 0 rg BT 402.30 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 412.21 628.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 423.74 628.35 Td (VIEs ) Tj ET Q
q 0 0 0 rg BT 447.07 628.35 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 461.06 628.35 Td (further ) Tj ET Q
q 0 0 0 rg BT 491.37 628.35 Td (described ) Tj ET Q
q 0 0 0 rg BT 533.35 628.35 Td (below\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (while ) Tj ET Q
q 0 0 0 rg BT 76.35 615.75 Td (others ) Tj ET Q
q 0 0 0 rg BT 105.54 615.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 121.88 615.75 Td (considered ) Tj ET Q
q 0 0 0 rg BT 170.88 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 182.57 615.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 196.01 615.75 Td (voting ) Tj ET Q
q 0 0 0 rg BT 226.37 615.75 Td (rights ) Tj ET Q
q 0 0 0 rg BT 253.81 615.75 Td (entities ) Tj ET Q
q 0 0 0 rg BT 287.66 615.75 Td (\(�VREs�\) ) Tj ET Q
q 0 0 0 rg BT 332.58 615.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 365.85 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 377.54 615.75 Td (traditional ) Tj ET Q
q 0 0 0 rg BT 424.22 615.75 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 484.32 615.75 Td (concepts ) Tj ET Q
q 0 0 0 rg BT 524.58 615.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 552.01 615.75 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 96.57 603.15 Td (rights. ) Tj ET Q
q 0 0 0 rg BT 126.43 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 129.75 603.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 154.65 603.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 186.56 603.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 207.96 603.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 230.53 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 246.68 603.15 Td (initial ) Tj ET Q
q 0 0 0 rg BT 274.50 603.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 296.48 603.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 345.88 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 357.37 603.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 389.01 603.15 Td (VRE ) Tj ET Q
q 0 0 0 rg BT 413.33 603.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 462.73 603.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 502.22 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 513.71 603.15 Td (generate ) Tj ET Q
q 0 0 0 rg BT 552.59 603.15 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 97.70 590.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 152.88 590.55 Td (track ) Tj ET Q
q 0 0 0 rg BT 175.99 590.55 Td (record ) Tj ET Q
q 0 0 0 rg BT 204.93 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 215.22 590.55 Td (order ) Tj ET Q
q 0 0 0 rg BT 239.50 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 249.79 590.55 Td (attract ) Tj ET Q
q 0 0 0 rg BT 278.15 590.55 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 325.17 590.55 Td (investors ) Tj ET Q
q 0 0 0 rg BT 365.21 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 375.51 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.46 590.55 Td (product. ) Tj ET Q
q 0 0 0 rg BT 427.29 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 429.41 590.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 453.11 590.55 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 489.80 590.55 Td (initial ) Tj ET Q
q 0 0 0 rg BT 516.42 590.55 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.42 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 67.83 577.95 Td (new ) Tj ET Q
q 0 0 0 rg BT 88.08 577.95 Td (product ) Tj ET Q
q 0 0 0 rg BT 122.91 577.95 Td (typically ) Tj ET Q
q 0 0 0 rg BT 162.40 577.95 Td (represents�100%�of ) Tj ET Q
q 0 0 0 rg BT 246.22 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.80 577.95 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 308.30 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 319.22 577.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 337.72 577.95 Td (product. ) Tj ET Q
q 0 0 0 rg BT 375.17 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 377.31 577.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 391.74 577.95 Td (further ) Tj ET Q
q 0 0 0 rg BT 423.06 577.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 466.06 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 476.98 577.95 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.15 577.95 Td (3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.40 577.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 510.77 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 526.36 577.95 Td (products ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 71.45 565.35 Td (�seed ) Tj ET Q
q 0 0 0 rg BT 98.05 565.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 129.32 565.35 Td (investments� ) Tj ET Q
q 0 0 0 rg BT 187.43 565.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 203.53 565.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 259.88 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 271.91 565.35 Td (long ) Tj ET Q
q 0 0 0 rg BT 293.86 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 305.89 565.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 330.75 565.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 362.61 565.35 Td (maintains ) Tj ET Q
q 0 0 0 rg BT 406.72 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 414.67 565.35 Td (controlling ) Tj ET Q
q 0 0 0 rg BT 464.03 565.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 504.04 565.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 538.23 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.68 565.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (product, ) Tj ET Q
q 0 0 0 rg BT 86.87 552.75 Td (but ) Tj ET Q
q 0 0 0 rg BT 102.95 552.75 Td (they ) Tj ET Q
q 0 0 0 rg BT 123.69 552.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 139.18 552.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 155.26 552.75 Td (designated ) Tj ET Q
q 0 0 0 rg BT 202.83 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 214.24 552.75 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 239.08 552.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 252.24 552.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 276.49 552.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 307.73 552.75 Td (unless ) Tj ET Q
q 0 0 0 rg BT 336.65 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 352.15 552.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 400.89 552.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 410.56 552.75 Td (longer) Tj ET Q
q 0 0 0 rg BT 437.17 552.75 Td (-term. ) Tj ET Q
q 0 0 0 rg BT 465.20 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 467.28 552.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 481.62 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.03 552.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 523.10 552.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.89 552.75 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 75.75 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 93.54 540.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 119.79 540.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 132.91 540.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 188.42 540.15 Td (VREs ) Tj ET Q
q 0 0 0 rg BT 216.13 540.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 239.15 540.15 Td (designated ) Tj ET Q
q 0 0 0 rg BT 286.68 540.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 298.06 540.15 Td (CIVs.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (A) Tj ET Q
q 0 0 0 rg BT 56.50 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 59.30 514.95 Td (VIE ) Tj ET Q
q 0 0 0 rg BT 79.81 514.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 89.83 514.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 102.75 514.95 Td (entity ) Tj ET Q
q 0 0 0 rg BT 129.68 514.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 158.36 514.95 Td (does ) Tj ET Q
q 0 0 0 rg BT 180.62 514.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 197.05 514.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 219.89 514.95 Td (adequate ) Tj ET Q
q 0 0 0 rg BT 260.21 514.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 289.47 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 300.65 514.95 Td (finance ) Tj ET Q
q 0 0 0 rg BT 334.56 514.95 Td (its ) Tj ET Q
q 0 0 0 rg BT 347.50 514.95 Td (activities ) Tj ET Q
q 0 0 0 rg BT 388.42 514.95 Td (without ) Tj ET Q
q 0 0 0 rg BT 423.52 514.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 468.53 514.95 Td (subordinated ) Tj ET Q
q 0 0 0 rg BT 525.78 514.95 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (support; ) Tj ET Q
q 0 0 0 rg BT 85.45 502.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 95.74 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 110.10 502.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 137.88 502.35 Td (investors, ) Tj ET Q
q 0 0 0 rg BT 179.96 502.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 190.24 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 196.44 502.35 Td (group, ) Tj ET Q
q 0 0 0 rg BT 225.09 502.35 Td (do ) Tj ET Q
q 0 0 0 rg BT 237.13 502.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 252.08 502.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 273.44 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 287.80 502.35 Td (normal ) Tj ET Q
q 0 0 0 rg BT 319.08 502.35 Td (characteristics ) Tj ET Q
q 0 0 0 rg BT 380.67 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 390.95 502.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 418.73 502.35 Td (investors ) Tj ET Q
q 0 0 0 rg BT 458.18 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 471.96 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 478.15 502.35 Td (potential ) Tj ET Q
q 0 0 0 rg BT 516.43 502.35 Td (controlling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.86 489.75 Td (interest. ) Tj ET Q
q 0 0 0 rg BT 125.01 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 127.64 489.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 151.84 489.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 183.05 489.75 Td (must ) Tj ET Q
q 0 0 0 rg BT 206.09 489.75 Td (consolidate ) Tj ET Q
q 0 0 0 rg BT 256.54 489.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 274.13 489.75 Td (VIE ) Tj ET Q
q 0 0 0 rg BT 294.25 489.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 309.12 489.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 337.41 489.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 345.87 489.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 355.50 489.75 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 390.77 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 401.56 489.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 414.10 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 429.55 489.75 Td (primary ) Tj ET Q
q 0 0 0 rg BT 465.42 489.75 Td (beneficiary) Tj ET Q
q 0 0 0 rg BT 511.95 489.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (Under ) Tj ET Q
q 0 0 0 rg BT 78.86 464.55 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 138.55 464.55 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 187.73 464.55 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 231.37 464.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 240.90 464.55 Td (limited ) Tj ET Q
q 0 0 0 rg BT 273.77 464.55 Td (partners ) Tj ET Q
q 0 0 0 rg BT 310.70 464.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 322.56 464.55 Td (similar ) Tj ET Q
q 0 0 0 rg BT 354.84 464.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 384.20 464.55 Td (holders ) Tj ET Q
q 0 0 0 rg BT 418.23 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 429.51 464.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 437.29 464.55 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 482.98 464.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 532.18 464.55 Td (vehicle ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (structured ) Tj ET Q
q 0 0 0 rg BT 94.33 451.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 105.92 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 113.43 451.95 Td (limited ) Tj ET Q
q 0 0 0 rg BT 146.02 451.95 Td (partnership ) Tj ET Q
q 0 0 0 rg BT 196.11 451.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 207.70 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 215.20 451.95 Td (similar ) Tj ET Q
q 0 0 0 rg BT 247.21 451.95 Td (entity ) Tj ET Q
q 0 0 0 rg BT 273.97 451.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 287.32 451.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 303.58 451.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 326.25 451.95 Td (either ) Tj ET Q
q 0 0 0 rg BT 353.00 451.95 Td (substantive ) Tj ET Q
q 0 0 0 rg BT 403.09 451.95 Td (investor ) Tj ET Q
q 0 0 0 rg BT 439.76 451.95 Td (rights ) Tj ET Q
q 0 0 0 rg BT 466.53 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 477.54 451.95 Td (replace ) Tj ET Q
q 0 0 0 rg BT 510.69 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 526.37 451.95 Td (manager ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (\(kick-out ) Tj ET Q
q 0 0 0 rg BT 90.09 439.35 Td (rights\) ) Tj ET Q
q 0 0 0 rg BT 119.61 439.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 130.46 439.35 Td (substantive ) Tj ET Q
q 0 0 0 rg BT 179.80 439.35 Td (participation ) Tj ET Q
q 0 0 0 rg BT 234.97 439.35 Td (rights ) Tj ET Q
q 0 0 0 rg BT 260.99 439.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 281.75 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.68 439.35 Td (general ) Tj ET Q
q 0 0 0 rg BT 329.68 439.35 Td (partner) Tj ET Q
q 0 0 0 rg BT 358.99 439.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 363.72 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 378.65 439.35 Td (entities ) Tj ET Q
q 0 0 0 rg BT 411.08 439.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 425.85 439.35 Td (VIEs. ) Tj ET Q
q 0 0 0 rg BT 452.15 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 453.79 439.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 467.56 439.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 474.33 439.35 Td (sponsor ) Tj ET Q
q 0 0 0 rg BT 509.10 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.36 439.35 Td (manager ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.74 426.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 73.14 426.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 121.71 426.75 Td (vehicle, ) Tj ET Q
q 0 0 0 rg BT 157.15 426.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 181.22 426.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 212.29 426.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 232.87 426.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 245.27 426.75 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 280.41 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 287.57 426.75 Td (decision ) Tj ET Q
q 0 0 0 rg BT 325.05 426.75 Td (maker ) Tj ET Q
q 0 0 0 rg BT 353.78 426.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 380.18 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 395.50 426.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 444.06 426.75 Td (guidance. ) Tj ET Q
q 0 0 0 rg BT 487.08 426.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 489.57 426.75 Td (If ) Tj ET Q
q 0 0 0 rg BT 499.06 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.38 426.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 533.78 426.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 554.35 426.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 57.11 414.15 Td (decision ) Tj ET Q
q 0 0 0 rg BT 95.06 414.15 Td (maker ) Tj ET Q
q 0 0 0 rg BT 124.24 414.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 140.01 414.15 Td (market-based, ) Tj ET Q
q 0 0 0 rg BT 202.15 414.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 224.35 414.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 244.20 414.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 259.97 414.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 276.34 414.15 Td (considered ) Tj ET Q
q 0 0 0 rg BT 324.77 414.15 Td (variable ) Tj ET Q
q 0 0 0 rg BT 361.54 414.15 Td (interests ) Tj ET Q
q 0 0 0 rg BT 399.48 414.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 410.60 414.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 418.00 414.15 Td (VIE. ) Tj ET Q
q 0 0 0 rg BT 441.07 414.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 444.02 414.15 Td (Market-based ) Tj ET Q
q 0 0 0 rg BT 504.70 414.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 524.56 414.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 540.33 414.15 Td (those ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 69.00 401.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 97.26 401.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 112.68 401.55 Td (both ) Tj ET Q
q 0 0 0 rg BT 133.94 401.55 Td (customary ) Tj ET Q
q 0 0 0 rg BT 180.28 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 198.04 401.55 Td (commensurate ) Tj ET Q
q 0 0 0 rg BT 261.87 401.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 283.13 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.56 401.55 Td (level ) Tj ET Q
q 0 0 0 rg BT 321.56 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.91 401.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 340.88 401.55 Td (fort ) Tj ET Q
q 0 0 0 rg BT 358.63 401.55 Td (required ) Tj ET Q
q 0 0 0 rg BT 396.21 401.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 411.06 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 426.48 401.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 462.90 401.55 Td (provided. ) Tj ET Q
q 0 0 0 rg BT 505.45 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 507.47 401.55 Td (Additionally) Tj ET Q
q 0 0 0 rg BT 559.87 401.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 58.46 388.95 Td (employee ) Tj ET Q
q 0 0 0 rg BT 101.83 388.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 139.38 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 150.09 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 157.31 388.95 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 202.44 388.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 251.07 388.95 Td (vehicle ) Tj ET Q
q 0 0 0 rg BT 283.93 388.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 299.30 388.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 315.27 388.95 Td (made ) Tj ET Q
q 0 0 0 rg BT 340.56 388.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 351.28 388.95 Td (circumvent ) Tj ET Q
q 0 0 0 rg BT 401.06 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 416.44 388.95 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 475.57 388.95 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 516.02 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 533.73 388.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 549.10 388.95 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (financed ) Tj ET Q
q 0 0 0 rg BT 89.19 376.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 103.23 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.60 376.35 Td (sponsor) Tj ET Q
q 0 0 0 rg BT 151.85 376.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 158.02 376.35 Td (they ) Tj ET Q
q 0 0 0 rg BT 179.64 376.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 196.00 376.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 212.96 376.35 Td (included ) Tj ET Q
q 0 0 0 rg BT 252.66 376.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 264.37 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.74 376.35 Td (variable ) Tj ET Q
q 0 0 0 rg BT 318.10 376.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 356.64 376.35 Td (assessment, ) Tj ET Q
q 0 0 0 rg BT 409.47 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 428.17 376.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 444.53 376.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 461.49 376.35 Td (included ) Tj ET Q
q 0 0 0 rg BT 501.19 376.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 512.90 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.27 376.35 Td (primary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 99.35 363.75 Td (determination.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (A) Tj ET Q
q 0 0 0 rg BT 56.50 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 58.56 338.55 Td (decision ) Tj ET Q
q 0 0 0 rg BT 95.60 338.55 Td (maker ) Tj ET Q
q 0 0 0 rg BT 123.89 338.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 132.95 338.55 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 167.65 338.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 177.87 338.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 189.84 338.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 196.55 338.55 Td (primary ) Tj ET Q
q 0 0 0 rg BT 231.84 338.55 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 281.12 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 291.92 338.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 298.48 338.55 Td (VIE ) Tj ET Q
q 0 0 0 rg BT 318.03 338.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 326.50 338.55 Td (it ) Tj ET Q
q 0 0 0 rg BT 334.38 338.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 350.43 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.31 338.55 Td (power ) Tj ET Q
q 0 0 0 rg BT 393.61 338.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 403.83 338.55 Td (direct ) Tj ET Q
q 0 0 0 rg BT 429.79 338.55 Td (activities ) Tj ET Q
q 0 0 0 rg BT 469.74 338.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 487.54 338.55 Td (most ) Tj ET Q
q 0 0 0 rg BT 510.02 338.55 Td (significantly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 80.60 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 95.96 325.95 Td (economic ) Tj ET Q
q 0 0 0 rg BT 139.31 325.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 194.88 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 206.16 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 221.33 325.95 Td (VIE ) Tj ET Q
q 0 0 0 rg BT 241.36 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 259.05 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.40 325.95 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 319.51 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 330.21 325.95 Td (absorb ) Tj ET Q
q 0 0 0 rg BT 360.73 325.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 388.35 325.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 399.62 325.95 Td (receive ) Tj ET Q
q 0 0 0 rg BT 432.46 325.95 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 468.23 325.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 491.17 325.95 Td (variable ) Tj ET Q
q 0 0 0 rg BT 527.51 325.95 Td (interests ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.92 313.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 93.93 313.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 106.51 313.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 153.51 313.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 164.36 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.67 313.35 Td (VIE. ) Tj ET Q
q 0 0 0 rg BT 202.46 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 205.14 313.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 216.56 313.35 Td (determining ) Tj ET Q
q 0 0 0 rg BT 269.98 313.35 Td (whether ) Tj ET Q
q 0 0 0 rg BT 306.47 313.35 Td (it ) Tj ET Q
q 0 0 0 rg BT 314.98 313.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 324.66 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.17 313.35 Td (primary ) Tj ET Q
q 0 0 0 rg BT 376.08 313.35 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 425.98 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 437.40 313.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 444.55 313.35 Td (VIE, ) Tj ET Q
q 0 0 0 rg BT 467.34 313.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 491.59 313.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 522.85 313.35 Td (considers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (both ) Tj ET Q
q 0 0 0 rg BT 70.09 300.75 Td (qualitative ) Tj ET Q
q 0 0 0 rg BT 116.34 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 133.43 300.75 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 184.92 300.75 Td (factors ) Tj ET Q
q 0 0 0 rg BT 215.42 300.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 236.59 300.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 247.26 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.02 300.75 Td (voting ) Tj ET Q
q 0 0 0 rg BT 290.78 300.75 Td (rights ) Tj ET Q
q 0 0 0 rg BT 316.62 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.30 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.05 300.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 370.22 300.75 Td (holders, ) Tj ET Q
q 0 0 0 rg BT 405.68 300.75 Td (guarantees, ) Tj ET Q
q 0 0 0 rg BT 455.13 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 472.22 300.75 Td (implied ) Tj ET Q
q 0 0 0 rg BT 506.22 300.75 Td (relationships. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (If ) Tj ET Q
q 0 0 0 rg BT 59.12 288.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 66.40 288.15 Td (fee ) Tj ET Q
q 0 0 0 rg BT 81.85 288.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 102.55 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 113.34 288.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 120.63 288.15 Td (decision ) Tj ET Q
q 0 0 0 rg BT 158.25 288.15 Td (maker ) Tj ET Q
q 0 0 0 rg BT 187.11 288.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 196.73 288.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 212.78 288.15 Td (market-based, ) Tj ET Q
q 0 0 0 rg BT 274.58 288.15 Td (it ) Tj ET Q
q 0 0 0 rg BT 283.04 288.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 302.00 288.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 314.54 288.15 Td (considered ) Tj ET Q
q 0 0 0 rg BT 362.65 288.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 373.44 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.89 288.15 Td (primary ) Tj ET Q
q 0 0 0 rg BT 424.76 288.15 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 474.60 288.15 Td (determination.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.66 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 74.90 262.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 104.80 262.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 120.42 262.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 146.54 262.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 172.65 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 190.31 262.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 216.43 262.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 240.49 262.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 271.57 262.95 Td (concluded ) Tj ET Q
q 0 0 0 rg BT 317.21 262.95 Td (it ) Tj ET Q
q 0 0 0 rg BT 325.54 262.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 344.36 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 359.69 262.95 Td (primary ) Tj ET Q
q 0 0 0 rg BT 395.42 262.95 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 445.13 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 456.37 262.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 487.25 262.95 Td (VIEs, ) Tj ET Q
q 0 0 0 rg BT 513.95 262.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 542.10 262.95 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 105.36 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.31 250.35 Td (designated ) Tj ET Q
q 0 0 0 rg BT 171.01 250.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 182.55 250.35 Td (CIVs, ) Tj ET Q
q 0 0 0 rg BT 210.13 250.35 Td (because ) Tj ET Q
q 0 0 0 rg BT 246.15 250.35 Td (it ) Tj ET Q
q 0 0 0 rg BT 254.78 250.35 Td (held ) Tj ET Q
q 0 0 0 rg BT 275.65 250.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 322.77 250.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 362.29 250.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 400.07 250.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 411.03 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 426.65 250.35 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 455.40 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 458.19 250.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 469.73 250.35 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 509.56 250.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.93 250.35 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 66.51 237.75 Td (entered ) Tj ET Q
q 0 0 0 rg BT 100.43 237.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 119.78 237.75 Td (various ) Tj ET Q
q 0 0 0 rg BT 153.70 237.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 175.38 237.75 Td (return ) Tj ET Q
q 0 0 0 rg BT 203.47 237.75 Td (swap ) Tj ET Q
q 0 0 0 rg BT 228.07 237.75 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 287.64 237.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 309.32 237.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 349.07 237.75 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 412.15 237.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 433.83 237.75 Td (respect ) Tj ET Q
q 0 0 0 rg BT 466.58 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 477.76 237.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 509.34 237.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.93 237.75 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 94.15 225.15 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 135.86 225.15 Td (traded ) Tj ET Q
q 0 0 0 rg BT 164.17 225.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 189.57 225.15 Td (\("ETFs"\). ) Tj ET Q
q 0 0 0 rg BT 232.58 225.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 234.65 225.15 Td (Under ) Tj ET Q
q 0 0 0 rg BT 262.96 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 277.86 225.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 303.26 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.08 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 328.98 225.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 349.71 225.15 Td (return ) Tj ET Q
q 0 0 0 rg BT 376.85 225.15 Td (swaps, ) Tj ET Q
q 0 0 0 rg BT 407.21 225.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 430.86 225.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 461.51 225.15 Td (absorbs ) Tj ET Q
q 0 0 0 rg BT 495.66 225.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 508.22 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.04 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.94 225.15 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (gains ) Tj ET Q
q 0 0 0 rg BT 73.97 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 91.43 212.55 Td (losses ) Tj ET Q
q 0 0 0 rg BT 118.83 212.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 131.63 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.76 212.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 194.56 212.55 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 215.53 212.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 268.00 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 279.05 212.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 302.93 212.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 341.97 212.55 Td (intermediaries, ) Tj ET Q
q 0 0 0 rg BT 406.96 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 424.42 212.55 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 464.62 212.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 480.92 212.55 Td (variable ) Tj ET Q
q 0 0 0 rg BT 517.04 212.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 554.34 212.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.99 199.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 96.22 199.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 122.22 199.95 Td (and, ) Tj ET Q
q 0 0 0 rg BT 142.67 199.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 151.75 199.95 Td (significant, ) Tj ET Q
q 0 0 0 rg BT 201.36 199.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 222.10 199.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 234.68 199.95 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 269.99 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 285.49 199.95 Td (primary ) Tj ET Q
q 0 0 0 rg BT 321.39 199.95 Td (beneficiary) Tj ET Q
q 0 0 0 rg BT 367.93 199.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 372.63 199.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 386.96 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 398.37 199.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 428.44 199.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 444.23 199.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 470.52 199.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 496.81 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 514.64 199.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 540.93 199.95 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 80.92 187.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 136.83 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.49 187.35 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 178.08 187.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 199.58 187.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 246.74 187.35 Td (open ) Tj ET Q
q 0 0 0 rg BT 269.99 187.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 291.49 187.35 Td (return ) Tj ET Q
q 0 0 0 rg BT 319.39 187.35 Td (swap ) Tj ET Q
q 0 0 0 rg BT 343.81 187.35 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 405.83 187.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 434.32 187.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 457.56 187.35 Td (designated ) Tj ET Q
q 0 0 0 rg BT 505.30 187.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 516.88 187.35 Td (CIVs. ) Tj ET Q
q 0 0 0 rg BT 544.51 187.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 547.35 187.35 Td (See ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 72.54 174.75 Td (20) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 83.04 174.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.66 174.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 100.53 174.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 145.15 174.75 Td (information.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (Revenue Recognition) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (Ef) Tj ET Q
q 0 0 0 rg BT 59.22 136.95 Td (fective ) Tj ET Q
q 0 0 0 rg BT 90.19 136.95 Td (April ) Tj ET Q
q 0 0 0 rg BT 115.45 136.95 Td (1, ) Tj ET Q
q 0 0 0 rg BT 126.41 136.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 153.13 136.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 177.79 136.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 209.47 136.95 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 245.80 136.95 Td (updated ) Tj ET Q
q 0 0 0 rg BT 282.13 136.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 331.28 136.95 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 372.27 136.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 385.86 136.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 422.18 136.95 Td (recognition. ) Tj ET Q
q 0 0 0 rg BT 475.72 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 478.58 136.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 498.00 136.95 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 537.84 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.67 136.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (updated ) Tj ET Q
q 0 0 0 rg BT 85.46 124.35 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 126.07 124.35 Td (did ) Tj ET Q
q 0 0 0 rg BT 142.21 124.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 158.34 124.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 184.39 124.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 195.27 124.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 242.31 124.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 278.85 124.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 289.73 124.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 314.03 124.35 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 345.53 124.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 352.33 124.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 375.46 124.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 411.41 124.35 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 461.94 124.35 Td (practices, ) Tj ET Q
q 0 0 0 rg BT 504.60 124.35 Td (except ) Tj ET Q
q 0 0 0 rg BT 534.71 124.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.67 124.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (timing ) Tj ET Q
q 0 0 0 rg BT 80.50 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 92.83 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 109.24 111.75 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 160.65 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 172.97 111.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 205.12 111.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 261.75 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 280.50 111.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 322.56 111.75 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 345.67 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 362.08 111.75 Td (capitalization ) Tj ET Q
q 0 0 0 rg BT 422.23 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 440.97 111.75 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 497.62 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 509.95 111.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 542.09 111.75 Td (sales ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 106.49 99.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 120.88 99.15 Td (separate ) Tj ET Q
q 0 0 0 rg BT 157.42 99.15 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 198.92 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.23 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.21 99.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 246.18 99.15 Td (presentation ) Tj ET Q
q 0 0 0 rg BT 299.65 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 310.54 99.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 341.25 99.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 362.64 99.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 398.61 99.15 Td (reimbursements ) Tj ET Q
q 0 0 0 rg BT 467.82 99.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 495.63 99.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 518.18 99.15 Td (previously ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (presented ) Tj ET Q
q 0 0 0 rg BT 91.37 86.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 103.50 86.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 109.79 86.55 Td (gross ) Tj ET Q
q 0 0 0 rg BT 133.59 86.55 Td (basis. ) Tj ET Q
q 0 0 0 rg BT 158.85 86.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 160.49 86.55 Td (Each ) Tj ET Q
q 0 0 0 rg BT 183.10 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 193.48 86.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 216.69 86.55 Td (changes ) Tj ET Q
q 0 0 0 rg BT 252.14 86.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 261.94 86.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 285.15 86.55 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 316.65 86.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 322.37 86.55 Td (previous ) Tj ET Q
q 0 0 0 rg BT 360.16 86.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 395.03 86.55 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 444.48 86.55 Td (practices ) Tj ET Q
q 0 0 0 rg BT 483.42 86.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 492.06 86.55 Td (further ) Tj ET Q
q 0 0 0 rg BT 522.26 86.55 Td (discussed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (below) Tj ET Q
q 0 0 0 rg BT 74.48 73.95 Td (.) Tj ET Q
endstream
endobj
195 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 196 0 R>>
endobj
196 0 obj
<</Length 42708>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (95) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.52 741.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 104.55 741.75 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 140.24 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.51 741.75 Td (updated ) Tj ET Q
q 0 0 0 rg BT 191.20 741.75 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 231.54 741.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 244.49 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 251.60 741.75 Td (modified ) Tj ET Q
q 0 0 0 rg BT 291.95 741.75 Td (retrospective ) Tj ET Q
q 0 0 0 rg BT 348.63 741.75 Td (basis ) Tj ET Q
q 0 0 0 rg BT 372.07 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 386.76 741.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 404.37 741.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 444.72 741.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 462.91 741.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 485.76 741.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 501.62 741.75 Td (complete ) Tj ET Q
q 0 0 0 rg BT 542.55 741.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 553.75 741.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 73.98 729.15 Td (1, ) Tj ET Q
q 0 0 0 rg BT 84.17 729.15 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 107.49 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 124.96 729.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 173.34 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 188.48 729.15 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 237.45 729.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 245.42 729.15 Td (fect ) Tj ET Q
q 0 0 0 rg BT 263.47 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 274.53 729.15 Td (initially ) Tj ET Q
q 0 0 0 rg BT 309.51 729.15 Td (applying ) Tj ET Q
q 0 0 0 rg BT 348.57 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.72 729.15 Td (updated ) Tj ET Q
q 0 0 0 rg BT 399.27 729.15 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 439.49 729.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 454.05 729.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 484.93 729.15 Td (sales ) Tj ET Q
q 0 0 0 rg BT 507.65 729.15 Td (commissions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.03 716.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 73.73 716.55 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 122.60 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 133.55 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.16 716.55 Td (opening ) Tj ET Q
q 0 0 0 rg BT 185.78 716.55 Td (balance ) Tj ET Q
q 0 0 0 rg BT 220.63 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 232.16 716.55 Td (retained ) Tj ET Q
q 0 0 0 rg BT 268.76 716.55 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 307.12 716.55 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.98 716.55 Td ($12,263) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 376.11 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 378.90 716.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 391.57 716.55 Td (April ) Tj ET Q
q 0 0 0 rg BT 416.52 716.55 Td (1, ) Tj ET Q
q 0 0 0 rg BT 427.18 716.55 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 453.59 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 456.18 716.55 Td (There ) Tj ET Q
q 0 0 0 rg BT 483.45 716.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 502.56 716.55 Td (no ) Tj ET Q
q 0 0 0 rg BT 515.85 716.55 Td (cumulative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 57.47 703.95 Td (fect ) Tj ET Q
q 0 0 0 rg BT 76.55 703.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 92.14 703.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 148.53 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 167.04 703.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 208.87 703.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 229.12 703.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 241.21 703.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 263.80 703.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 300.96 703.95 Td (reimbursement ) Tj ET Q
q 0 0 0 rg BT 367.29 703.95 Td (accounting. ) Tj ET Q
q 0 0 0 rg BT 419.33 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 422.43 703.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 442.10 703.95 Td (comparative ) Tj ET Q
q 0 0 0 rg BT 497.34 703.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 550.26 703.95 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 74.76 691.35 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 98.29 691.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 114.81 691.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 130.75 691.35 Td (been ) Tj ET Q
q 0 0 0 rg BT 153.10 691.35 Td (restated ) Tj ET Q
q 0 0 0 rg BT 188.27 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 205.96 691.35 Td (continues ) Tj ET Q
q 0 0 0 rg BT 248.73 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 259.42 691.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 271.86 691.35 Td (reported ) Tj ET Q
q 0 0 0 rg BT 309.36 691.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 335.79 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 351.15 691.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 374.08 691.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 422.67 691.35 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 463.10 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 473.79 691.35 Td (ef) Tj ET Q
q 0 0 0 rg BT 481.76 691.35 Td (fect ) Tj ET Q
q 0 0 0 rg BT 500.02 691.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 514.79 691.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 533.06 691.35 Td (period. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 668.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 75.05 668.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 107.61 668.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 150.66 668.75 Td (earns ) Tj ET Q
q 0 0 0 rg BT 176.80 668.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 218.09 668.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 232.57 668.75 Td (providing ) Tj ET Q
q 0 0 0 rg BT 277.38 668.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 327.43 668.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 385.05 668.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 422.85 668.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 441.99 668.75 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 494.39 668.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 513.52 668.75 Td (shareholder ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 656.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 85.31 656.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 99.55 656.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 111.46 656.15 Td (customers, ) Tj ET Q
q 0 0 0 rg BT 158.66 656.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 186.31 656.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 201.12 656.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 242.18 656.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 290.25 656.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 315.58 656.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 326.32 656.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.14 656.15 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 388.62 656.15 Td (investors ) Tj ET Q
q 0 0 0 rg BT 428.53 656.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 438.69 656.15 Td (separately ) Tj ET Q
q 0 0 0 rg BT 483.24 656.15 Td (managed ) Tj ET Q
q 0 0 0 rg BT 523.14 656.15 Td (accounts. ) Tj ET Q
q 0 0 0 rg BT 565.12 656.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 643.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.35 643.55 Td (further ) Tj ET Q
q 0 0 0 rg BT 96.11 643.55 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 139.54 643.55 Td (below) Tj ET Q
q 0 0 0 rg BT 164.52 643.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 170.33 643.55 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 210.83 643.55 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 256.57 643.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 283.66 643.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 297.35 643.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 313.36 643.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 339.29 643.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 351.22 643.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 367.23 643.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 420.58 643.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 447.67 643.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 504.50 643.55 Td (determine ) Tj ET Q
q 0 0 0 rg BT 549.67 643.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 630.95 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 98.09 630.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 121.60 630.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 170.18 630.95 Td (when ) Tj ET Q
q 0 0 0 rg BT 195.44 630.95 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 244.63 630.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 271.06 630.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.41 630.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 312.26 630.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.53 630.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 363.96 630.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 385.15 630.95 Td (customers ) Tj ET Q
q 0 0 0 rg BT 430.24 630.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 445.58 630.95 Td (satisfied, ) Tj ET Q
q 0 0 0 rg BT 485.72 630.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 513.91 630.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 523.43 630.95 Td (generally ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 618.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 70.78 618.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 92.07 618.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 103.44 618.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.90 618.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 155.34 618.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 170.78 618.35 Td (rendered.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 593.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.14 593.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.79 593.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 125.77 593.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 142.84 593.15 Td (responsibility ) Tj ET Q
q 0 0 0 rg BT 203.07 593.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 218.38 593.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.28 593.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 276.42 593.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 288.24 593.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 315.80 593.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 342.78 593.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 399.49 593.15 Td (\("AUM"\), ) Tj ET Q
q 0 0 0 rg BT 445.25 593.15 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 501.40 593.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 514.96 593.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 526.77 593.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 555.50 593.15 Td (is ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 580.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 76.03 580.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 89.16 580.55 Td (observable ) Tj ET Q
q 0 0 0 rg BT 137.27 580.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 169.04 580.55 Td (data ) Tj ET Q
q 0 0 0 rg BT 189.16 580.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 212.19 580.55 Td (independent ) Tj ET Q
q 0 0 0 rg BT 266.13 580.55 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 298.50 580.55 Td (services, ) Tj ET Q
q 0 0 0 rg BT 337.57 580.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 359.44 580.55 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 408.13 580.55 Td (agents, ) Tj ET Q
q 0 0 0 rg BT 440.21 580.55 Td (custodians ) Tj ET Q
q 0 0 0 rg BT 487.16 580.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 498.53 580.55 Td (brokers. ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 555.35 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 99.57 555.35 Td (Advisory ) Tj ET Q
q 0 0 0 rg BT 140.11 555.35 Td (Fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 542.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.18 542.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 103.86 542.75 Td (earns ) Tj ET Q
q 0 0 0 rg BT 128.12 542.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 176.30 542.75 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 214.56 542.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 233.57 542.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 246.17 542.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 272.77 542.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 283.04 542.75 Td (separately ) Tj ET Q
q 0 0 0 rg BT 327.70 542.75 Td (managed ) Tj ET Q
q 0 0 0 rg BT 367.70 542.75 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 409.17 542.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 457.35 542.75 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 485.41 542.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 502.67 542.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 526.35 542.75 Td (products ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 530.15 Td (managed ) Tj ET Q
q 0 0 0 rg BT 89.41 530.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 103.67 530.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 127.25 530.15 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 163.82 530.15 Td (clients. ) Tj ET Q
q 0 0 0 rg BT 195.87 530.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 197.88 530.15 Td (Generally) Tj ET Q
q 0 0 0 rg BT 238.60 530.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 243.23 530.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 291.32 530.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 346.98 530.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 382.81 530.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 397.64 530.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 404.31 530.15 Td (single ) Tj ET Q
q 0 0 0 rg BT 431.40 530.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 486.46 530.15 Td (obligation, ) Tj ET Q
q 0 0 0 rg BT 533.68 530.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 544.44 530.15 Td (they ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 517.55 Td (include ) Tj ET Q
q 0 0 0 rg BT 83.31 517.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 90.88 517.55 Td (series ) Tj ET Q
q 0 0 0 rg BT 117.70 517.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 129.35 517.55 Td (distinct ) Tj ET Q
q 0 0 0 rg BT 163.18 517.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 199.91 517.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 218.56 517.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 234.29 517.55 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 290.28 517.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 306.01 517.55 Td (same ) Tj ET Q
q 0 0 0 rg BT 330.50 517.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 348.56 517.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 364.29 517.55 Td (transferred ) Tj ET Q
q 0 0 0 rg BT 412.67 517.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 423.75 517.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 439.48 517.55 Td (customer ) Tj ET Q
q 0 0 0 rg BT 480.88 517.55 Td (over ) Tj ET Q
q 0 0 0 rg BT 502.45 517.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 524.02 517.55 Td (using ) Tj ET Q
q 0 0 0 rg BT 549.68 517.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 504.95 Td (same ) Tj ET Q
q 0 0 0 rg BT 76.68 504.95 Td (time-based ) Tj ET Q
q 0 0 0 rg BT 128.36 504.95 Td (measure ) Tj ET Q
q 0 0 0 rg BT 168.95 504.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 183.30 504.95 Td (progress. ) Tj ET Q
q 0 0 0 rg BT 227.11 504.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.72 504.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 284.98 504.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 344.23 504.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 383.66 504.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 402.09 504.95 Td (satisfied ) Tj ET Q
q 0 0 0 rg BT 442.69 504.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 466.95 504.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 491.22 504.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 505.58 504.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 524.01 504.95 Td (customer ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 492.35 Td (simultaneously ) Tj ET Q
q 0 0 0 rg BT 115.71 492.35 Td (receives ) Tj ET Q
q 0 0 0 rg BT 152.72 492.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 170.51 492.35 Td (consumes ) Tj ET Q
q 0 0 0 rg BT 214.55 492.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 230.00 492.35 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 265.86 492.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 277.24 492.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 292.69 492.35 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 331.48 492.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 367.92 492.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 383.36 492.35 Td (performed.) Tj ET Q
BT /F5 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 465.750341796875 m
233.1220703125 465.750341796875 l
s
q 0 0 0 rg BT 49.50 467.15 Td (Separate ) Tj ET Q
q 0 0 0 rg BT 89.26 467.15 Td (Account ) Tj ET Q
q 0 0 0 rg BT 126.29 467.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 144.66 467.15 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 173.35 467.15 Td (Advisory ) Tj ET Q
q 0 0 0 rg BT 213.30 467.15 Td (Fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 454.55 Td (Separate ) Tj ET Q
q 0 0 0 rg BT 87.85 454.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 122.71 454.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 140.08 454.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 165.62 454.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 203.99 454.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 223.10 454.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 238.12 454.55 Td (variable ) Tj ET Q
q 0 0 0 rg BT 274.14 454.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 332.92 454.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 360.79 454.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 370.00 454.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 411.28 454.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 437.39 454.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 450.10 454.55 Td (predetermined ) Tj ET Q
q 0 0 0 rg BT 512.94 454.55 Td (percentages ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 441.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.62 441.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.82 441.95 Td (daily) Tj ET Q
q 0 0 0 rg BT 96.14 441.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 101.14 441.95 Td (monthly ) Tj ET Q
q 0 0 0 rg BT 138.52 441.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 149.64 441.95 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 189.91 441.95 Td (average ) Tj ET Q
q 0 0 0 rg BT 224.93 441.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 256.45 441.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 281.57 441.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 292.69 441.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 307.37 441.95 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 336.87 441.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 347.99 441.95 Td (defined ) Tj ET Q
q 0 0 0 rg BT 381.85 441.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 392.40 441.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 407.60 441.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 456.05 441.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 512.07 441.95 Td (agreements. ) Tj ET Q
q 0 0 0 rg BT 565.13 441.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 429.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.88 429.35 Td (average ) Tj ET Q
q 0 0 0 rg BT 102.58 429.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 133.79 429.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 158.58 429.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 168.93 429.35 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 195.49 429.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 204.55 429.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 236.35 429.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 246.57 429.35 Td (change ) Tj ET Q
q 0 0 0 rg BT 278.36 429.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 304.32 429.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 316.88 429.35 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 368.51 429.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 385.73 429.35 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 425.70 429.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 435.92 429.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 474.71 429.35 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 512.63 429.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 529.85 429.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 540.65 429.35 Td (such, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 416.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 85.72 416.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 120.21 416.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 137.20 416.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 162.36 416.75 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 200.35 416.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 219.09 416.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 233.74 416.75 Td (constrained ) Tj ET Q
q 0 0 0 rg BT 283.97 416.75 Td (until ) Tj ET Q
q 0 0 0 rg BT 305.06 416.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 319.72 416.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 336.71 416.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 347.29 416.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.95 416.75 Td (month ) Tj ET Q
q 0 0 0 rg BT 390.61 416.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 401.19 416.75 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 432.75 416.75 Td (when ) Tj ET Q
q 0 0 0 rg BT 457.33 416.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 471.99 416.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 498.89 416.75 Td (average ) Tj ET Q
q 0 0 0 rg BT 533.36 416.75 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 404.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.72 404.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 85.94 404.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.70 404.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 127.69 404.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 137.17 404.15 Td (known ) Tj ET Q
q 0 0 0 rg BT 168.23 404.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 185.87 404.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 193.01 404.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 239.81 404.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 275.52 404.15 Td (reversal ) Tj ET Q
q 0 0 0 rg BT 311.23 404.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 320.71 404.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 333.69 404.15 Td (longer ) Tj ET Q
q 0 0 0 rg BT 362.99 404.15 Td (probable. ) Tj ET Q
q 0 0 0 rg BT 404.83 404.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 407.13 404.15 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 453.62 404.15 Td (separate ) Tj ET Q
q 0 0 0 rg BT 490.49 404.15 Td (account ) Tj ET Q
q 0 0 0 rg BT 525.62 404.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 543.26 404.15 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 391.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 89.81 391.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 110.87 391.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 127.84 391.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 168.15 391.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 180.46 391.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.44 391.55 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 247.66 391.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 272.80 391.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.11 391.55 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 334.16 391.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 346.48 391.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.46 391.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 413.68 391.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 471.48 391.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 509.45 391.55 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 378.95 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 95.23 378.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 105.95 378.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 121.93 378.95 Td (end ) Tj ET Q
q 0 0 0 rg BT 140.23 378.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 152.13 378.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 174.50 378.95 Td (monthly ) Tj ET Q
q 0 0 0 rg BT 212.65 378.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 224.55 378.95 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 265.59 378.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 307.23 378.95 Td (period, ) Tj ET Q
q 0 0 0 rg BT 339.82 378.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 351.72 378.95 Td (specified ) Tj ET Q
q 0 0 0 rg BT 392.76 378.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 404.08 378.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.05 378.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 469.28 378.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 526.07 378.95 Td (contract. ) Tj ET Q
q 0 0 0 rg BT 565.13 378.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 366.35 Td (Payment ) Tj ET Q
q 0 0 0 rg BT 89.85 366.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 105.69 366.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 143.11 366.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 170.61 366.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 220.29 366.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 277.53 366.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 319.03 366.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 329.63 366.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 348.39 366.35 Td (once ) Tj ET Q
q 0 0 0 rg BT 371.81 366.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.24 366.35 Td (variable ) Tj ET Q
q 0 0 0 rg BT 425.65 366.35 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 485.82 366.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 496.42 366.35 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 537.92 366.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.69 366.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 353.75 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 98.09 353.75 Td (price, ) Tj ET Q
q 0 0 0 rg BT 124.21 353.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 141.89 353.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 183.48 353.75 Td (within ) Tj ET Q
q 0 0 0 rg BT 212.83 353.75 Td (30 ) Tj ET Q
q 0 0 0 rg BT 225.85 353.75 Td (days. ) Tj ET Q
q 0 0 0 rg BT 250.24 353.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 252.76 353.75 Td (Recognition ) Tj ET Q
q 0 0 0 rg BT 306.60 353.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 317.87 353.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 354.78 353.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 389.95 353.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 407.63 353.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 433.48 353.75 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 472.16 353.75 Td (fee ) Tj ET Q
q 0 0 0 rg BT 487.50 353.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 523.24 353.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 549.67 353.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 341.15 Td (updated ) Tj ET Q
q 0 0 0 rg BT 85.36 341.15 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 125.89 341.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 135.52 341.15 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 180.14 341.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 201.43 341.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 225.63 341.15 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 257.13 341.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 263.84 341.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 286.88 341.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 322.73 341.15 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 373.18 341.15 Td (process.) Tj ET Q
BT /F5 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 314.550341796875 m
186.240234375 314.550341796875 l
s
q 0 0 0 rg BT 49.50 315.95 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 106.94 315.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 125.32 315.95 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 166.42 315.95 Td (Fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 303.35 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 105.62 303.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.26 303.35 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 164.23 303.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 183.61 303.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 198.91 303.35 Td (variable ) Tj ET Q
q 0 0 0 rg BT 235.21 303.35 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 294.26 303.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 312.48 303.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 333.04 303.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 345.44 303.35 Td (earned ) Tj ET Q
q 0 0 0 rg BT 375.90 303.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 388.88 303.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 419.92 303.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 468.48 303.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 524.61 303.35 Td (contracts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 290.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 65.88 290.75 Td (exceeding ) Tj ET Q
q 0 0 0 rg BT 112.57 290.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 169.75 290.75 Td (benchmarks ) Tj ET Q
q 0 0 0 rg BT 224.61 290.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 239.24 290.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 248.04 290.75 Td (relative ) Tj ET Q
q 0 0 0 rg BT 283.65 290.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 296.53 290.75 Td (absolute ) Tj ET Q
q 0 0 0 rg BT 335.65 290.75 Td (basis ) Tj ET Q
q 0 0 0 rg BT 360.79 290.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 373.66 290.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 390.04 290.75 Td (exceeding ) Tj ET Q
q 0 0 0 rg BT 436.73 290.75 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 487.50 290.75 Td (return ) Tj ET Q
q 0 0 0 rg BT 516.71 290.75 Td (thresholds. ) Tj ET Q
q 0 0 0 rg BT 565.12 290.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 278.15 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 105.99 278.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 124.01 278.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 165.35 278.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 185.11 278.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 200.78 278.15 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 243.87 278.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 254.30 278.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 269.99 278.15 Td (inception ) Tj ET Q
q 0 0 0 rg BT 311.92 278.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.52 278.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 331.03 278.15 Td (contract; ) Tj ET Q
q 0 0 0 rg BT 370.62 278.15 Td (however) Tj ET Q
q 0 0 0 rg BT 406.35 278.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 411.83 278.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 419.34 278.15 Td (range ) Tj ET Q
q 0 0 0 rg BT 445.51 278.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 457.12 278.15 Td (outcomes ) Tj ET Q
q 0 0 0 rg BT 500.21 278.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 510.07 278.15 Td (possible ) Tj ET Q
q 0 0 0 rg BT 547.34 278.15 Td (due ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 265.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.75 265.55 Td (factors ) Tj ET Q
q 0 0 0 rg BT 92.39 265.55 Td (outside ) Tj ET Q
q 0 0 0 rg BT 125.80 265.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.71 265.55 Td (control ) Tj ET Q
q 0 0 0 rg BT 174.53 265.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 186.36 265.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.26 265.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 251.42 265.55 Td (manager) Tj ET Q
q 0 0 0 rg BT 287.15 265.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 292.85 265.55 Td (particularly ) Tj ET Q
q 0 0 0 rg BT 344.32 265.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 376.55 265.55 Td (conditions. ) Tj ET Q
q 0 0 0 rg BT 426.01 265.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 429.09 265.55 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 485.80 265.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 504.04 265.55 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 545.61 265.55 Td (fees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 252.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 65.84 252.95 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 107.26 252.95 Td (excluded ) Tj ET Q
q 0 0 0 rg BT 148.68 252.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 172.62 252.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 188.97 252.95 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 238.57 252.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 263.08 252.95 Td (until ) Tj ET Q
q 0 0 0 rg BT 285.86 252.95 Td (it ) Tj ET Q
q 0 0 0 rg BT 295.22 252.95 Td (becomes ) Tj ET Q
q 0 0 0 rg BT 335.48 252.95 Td (probable ) Tj ET Q
q 0 0 0 rg BT 375.74 252.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 395.01 252.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 403.20 252.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 451.05 252.95 Td (reversal ) Tj ET Q
q 0 0 0 rg BT 487.80 252.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 499.50 252.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 515.85 252.95 Td (cumulative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 240.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 83.54 240.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.84 240.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 130.62 240.35 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 179.22 240.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 198.10 240.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 214.07 240.35 Td (occur) Tj ET Q
q 0 0 0 rg BT 236.81 240.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 241.98 240.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 243.97 240.35 Td (A) Tj ET Q
q 0 0 0 rg BT 250.97 240.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 253.52 240.35 Td (portion ) Tj ET Q
q 0 0 0 rg BT 286.40 240.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 297.69 240.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 321.82 240.35 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 358.93 240.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 414.53 240.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 432.24 240.35 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 473.27 240.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 492.72 240.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 508.09 240.35 Td (earned ) Tj ET Q
q 0 0 0 rg BT 538.61 240.35 Td (based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 227.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 63.60 227.75 Td (12-month ) Tj ET Q
q 0 0 0 rg BT 108.04 227.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 164.69 227.75 Td (periods ) Tj ET Q
q 0 0 0 rg BT 199.21 227.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 218.56 227.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 237.33 227.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 249.10 227.75 Td (dif) Tj ET Q
q 0 0 0 rg BT 260.57 227.75 Td (fering ) Tj ET Q
q 0 0 0 rg BT 289.25 227.75 Td (quarters ) Tj ET Q
q 0 0 0 rg BT 326.67 227.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 357.69 227.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.12 227.75 Td (year) Tj ET Q
q 0 0 0 rg BT 391.77 227.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 398.00 227.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 420.27 227.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 428.54 227.75 Td (portion ) Tj ET Q
q 0 0 0 rg BT 462.47 227.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 482.99 227.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 510.50 227.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 524.61 227.75 Td (quarterly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 215.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.00 215.15 Td (periods. ) Tj ET Q
q 0 0 0 rg BT 140.98 215.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 143.42 215.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 167.44 215.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 198.47 215.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 217.83 215.15 Td (earns ) Tj ET Q
q 0 0 0 rg BT 242.43 215.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 297.93 215.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 315.54 215.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 356.47 215.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 375.82 215.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 388.76 215.15 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 435.52 215.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 453.12 215.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 484.13 215.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 508.15 215.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 546.76 215.15 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 202.55 Td (lock ) Tj ET Q
q 0 0 0 rg BT 70.26 202.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 80.52 202.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 96.04 202.55 Td (earlier ) Tj ET Q
q 0 0 0 rg BT 125.53 202.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 136.96 202.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.47 202.55 Td (investor) Tj ET Q
q 0 0 0 rg BT 186.69 202.55 Td (�) Tj ET Q
q 0 0 0 rg BT 189.61 202.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 196.38 202.55 Td (termination ) Tj ET Q
q 0 0 0 rg BT 247.47 202.55 Td (date ) Tj ET Q
q 0 0 0 rg BT 267.64 202.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 279.07 202.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 294.58 202.55 Td (liquidation ) Tj ET Q
q 0 0 0 rg BT 342.77 202.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.20 202.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.71 202.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 391.64 202.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 403.07 202.55 Td (contract, ) Tj ET Q
q 0 0 0 rg BT 442.19 202.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 453.05 202.55 Td (multiple-year ) Tj ET Q
q 0 0 0 rg BT 512.29 202.55 Td (intervals, ) Tj ET Q
q 0 0 0 rg BT 553.76 202.55 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 189.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 73.02 189.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 88.36 189.95 Td (occurrence ) Tj ET Q
q 0 0 0 rg BT 136.92 189.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 148.19 189.95 Td (specific ) Tj ET Q
q 0 0 0 rg BT 183.35 189.95 Td (events, ) Tj ET Q
q 0 0 0 rg BT 215.32 189.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 237.08 189.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 248.34 189.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.69 189.95 Td (sale ) Tj ET Q
q 0 0 0 rg BT 282.53 189.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 293.79 189.95 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 323.43 189.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 325.95 189.95 Td (For ) Tj ET Q
q 0 0 0 rg BT 343.05 189.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 374.13 189.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.39 189.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 409.48 189.95 Td (products, ) Tj ET Q
q 0 0 0 rg BT 450.79 189.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 506.35 189.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 524.03 189.95 Td (incentive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 177.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 68.54 177.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 88.76 177.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 100.81 177.35 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 149.00 177.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 159.89 177.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 195.25 177.35 Td (earlier ) Tj ET Q
q 0 0 0 rg BT 224.20 177.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 250.25 177.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 265.21 177.35 Td (updated ) Tj ET Q
q 0 0 0 rg BT 300.59 177.35 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 340.63 177.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 360.85 177.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 386.89 177.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 409.44 177.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 444.81 177.35 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 494.76 177.35 Td (practices, ) Tj ET Q
q 0 0 0 rg BT 536.84 177.35 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 164.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 86.77 164.75 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 136.90 164.75 Td (until ) Tj ET Q
q 0 0 0 rg BT 158.45 164.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 171.25 164.75 Td (contingencies ) Tj ET Q
q 0 0 0 rg BT 231.29 164.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 253.99 164.75 Td (resolved. ) Tj ET Q
q 0 0 0 rg BT 294.49 164.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 296.29 164.75 Td (Any ) Tj ET Q
q 0 0 0 rg BT 316.67 164.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 338.22 164.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 393.58 164.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 412.78 164.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 461.14 164.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 483.86 164.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 494.33 164.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.46 164.75 Td (resolution ) Tj ET Q
q 0 0 0 rg BT 553.76 164.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 152.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 63.26 152.15 Td (contingencies ) Tj ET Q
q 0 0 0 rg BT 124.26 152.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 140.34 152.15 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 180.33 152.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 192.34 152.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 200.27 152.15 Td (contract ) Tj ET Q
q 0 0 0 rg BT 237.34 152.15 Td (asset) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 0 0 rg BT 257.76 152.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 261.02 152.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 272.45 152.15 Td (Other ) Tj ET Q
q 0 0 0 rg BT 299.62 152.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 332.62 152.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 360.38 152.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 372.40 152.15 Td (Other ) Tj ET Q
q 0 0 0 rg BT 399.57 152.15 Td (non-current ) Tj ET Q
q 0 0 0 rg BT 451.81 152.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 479.57 152.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 491.01 152.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.10 152.15 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 139.55 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 86.17 139.55 Td (Sheet, ) Tj ET Q
q 0 0 0 rg BT 114.98 139.55 Td (depending ) Tj ET Q
q 0 0 0 rg BT 161.58 139.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 174.93 139.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 190.62 139.55 Td (length ) Tj ET Q
q 0 0 0 rg BT 219.72 139.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 231.32 139.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 252.84 139.55 Td (until ) Tj ET Q
q 0 0 0 rg BT 274.95 139.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 290.64 139.55 Td (contingencies ) Tj ET Q
q 0 0 0 rg BT 351.23 139.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 366.90 139.55 Td (resolved. ) Tj ET Q
q 0 0 0 rg BT 407.96 139.55 Td (Per ) Tj ET Q
q 0 0 0 rg BT 424.81 139.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.50 139.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 466.68 139.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 478.28 139.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 509.70 139.55 Td (acquisitions, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 126.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.03 126.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 124.41 126.95 Td (earned ) Tj ET Q
q 0 0 0 rg BT 154.87 126.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 167.84 126.95 Td (pre-close ) Tj ET Q
q 0 0 0 rg BT 208.25 126.95 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 235.23 126.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.46 126.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.76 126.95 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 300.39 126.95 Td (entities ) Tj ET Q
q 0 0 0 rg BT 333.19 126.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 348.49 126.95 Td (fully ) Tj ET Q
q 0 0 0 rg BT 370.80 126.95 Td (passed ) Tj ET Q
q 0 0 0 rg BT 401.27 126.95 Td (through ) Tj ET Q
q 0 0 0 rg BT 436.41 126.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 447.63 126.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 508.43 126.95 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 547.35 126.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 114.35 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 90.01 114.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 112.46 114.35 Td (no ) Tj ET Q
q 0 0 0 rg BT 125.59 114.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 156.78 114.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 169.91 114.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 187.70 114.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 221.81 114.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 250.68 114.35 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 304.04 114.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 314.84 114.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 339.04 114.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 370.25 114.35 Td (Inc.) Tj ET Q
BT /F5 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 87.75034179687498 m
254.107421875 87.75034179687498 l
s
q 0 0 0 rg BT 49.50 89.15 Td (Fee ) Tj ET Q
q 0 0 0 rg BT 67.86 89.15 Td (W) Tj ET Q
q 0 0 0 rg BT 75.64 89.15 Td (aivers ) Tj ET Q
q 0 0 0 rg BT 103.93 89.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 122.30 89.15 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 147.09 89.15 Td (Expense ) Tj ET Q
q 0 0 0 rg BT 184.70 89.15 Td (Reimbursements) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 76.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.01 76.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 103.53 76.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 123.54 76.55 Td (waive ) Tj ET Q
q 0 0 0 rg BT 150.54 76.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 181.04 76.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 199.88 76.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 214.06 76.55 Td (investors ) Tj ET Q
q 0 0 0 rg BT 253.91 76.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 264.59 76.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 284.60 76.55 Td (reimburse ) Tj ET Q
q 0 0 0 rg BT 328.52 76.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 340.38 76.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 388.39 76.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 413.65 76.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 427.83 76.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 458.33 76.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 499.92 76.55 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 539.75 76.55 Td (when ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 63.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 71.12 63.95 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 111.39 63.95 Td (exceed ) Tj ET Q
q 0 0 0 rg BT 142.90 63.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 149.94 63.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 180.87 63.95 Td (threshold. ) Tj ET Q
q 0 0 0 rg BT 224.94 63.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 227.31 63.95 Td (Fee ) Tj ET Q
q 0 0 0 rg BT 244.84 63.95 Td (waivers ) Tj ET Q
q 0 0 0 rg BT 279.87 63.95 Td (continue ) Tj ET Q
q 0 0 0 rg BT 318.40 63.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 328.93 63.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 341.21 63.95 Td (reported ) Tj ET Q
q 0 0 0 rg BT 378.57 63.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 389.68 63.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 396.71 63.95 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 438.74 63.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 449.27 63.95 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 487.81 63.95 Td (fee ) Tj ET Q
q 0 0 0 rg BT 502.99 63.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 538.59 63.95 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 51.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.62 51.35 Td (updated ) Tj ET Q
q 0 0 0 rg BT 102.16 51.35 Td (guidance. ) Tj ET Q
q 0 0 0 rg BT 145.98 51.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 149.27 51.35 Td (Under ) Tj ET Q
q 0 0 0 rg BT 178.81 51.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 202.51 51.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 251.88 51.35 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 295.70 51.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 318.24 51.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 355.35 51.35 Td (reimbursements ) Tj ET Q
q 0 0 0 rg BT 425.72 51.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 437.18 51.35 Td (excess ) Tj ET Q
q 0 0 0 rg BT 467.88 51.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.92 51.35 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 529.27 51.35 Td (revenue ) Tj ET Q
endstream
endobj
197 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 198 0 R>>
endobj
198 0 obj
<</Length 43638>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (96) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 72.16 741.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 111.13 741.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 122.14 741.75 Td (Other ) Tj ET Q
q 0 0 0 rg BT 148.30 741.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 184.37 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 194.79 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.88 741.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 267.54 741.75 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 315.88 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 326.88 741.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 360.62 741.75 Td (\(Loss\). ) Tj ET Q
q 0 0 0 rg BT 392.33 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 394.58 741.75 Td (Under ) Tj ET Q
q 0 0 0 rg BT 423.08 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 438.16 741.75 Td (updated ) Tj ET Q
q 0 0 0 rg BT 473.65 741.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 521.97 741.75 Td (guidance, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 73.75 729.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 95.66 729.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 132.15 729.15 Td (reimbursements ) Tj ET Q
q 0 0 0 rg BT 201.89 729.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 220.30 729.15 Td (exceed ) Tj ET Q
q 0 0 0 rg BT 252.12 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.61 729.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 316.34 729.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 352.24 729.15 Td (represent ) Tj ET Q
q 0 0 0 rg BT 393.39 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 400.72 729.15 Td (change ) Tj ET Q
q 0 0 0 rg BT 433.12 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 443.96 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.46 729.15 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 508.19 729.15 Td (price ) Tj ET Q
q 0 0 0 rg BT 531.85 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.68 729.15 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 90.01 716.55 Td (reported ) Tj ET Q
q 0 0 0 rg BT 127.62 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 138.99 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 146.28 716.55 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 188.56 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 199.93 716.55 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 249.21 716.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 288.00 716.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 307.53 716.55 Td (- ) Tj ET Q
q 0 0 0 rg BT 313.65 716.55 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 341.95 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 352.74 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 368.19 716.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 426.23 716.55 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 474.94 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 486.31 716.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 520.42 716.55 Td (\(Loss\).) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 104.65 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.61 691.35 Td (Service ) Tj ET Q
q 0 0 0 rg BT 157.72 691.35 Td (Fees ) Tj ET Q
q 0 0 0 rg BT 180.76 691.35 Td (Revenue ) Tj ET Q
q 0 0 0 rg BT 220.71 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 239.68 691.35 Td (Expense) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 103.26 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 121.42 678.75 Td (service ) Tj ET Q
q 0 0 0 rg BT 154.16 678.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 174.07 678.75 Td (represent ) Tj ET Q
q 0 0 0 rg BT 215.55 678.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 235.46 678.75 Td (earned ) Tj ET Q
q 0 0 0 rg BT 266.44 678.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 289.86 678.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 316.20 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 327.37 678.75 Td (reimburse ) Tj ET Q
q 0 0 0 rg BT 372.36 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.19 678.75 Td (distributor ) Tj ET Q
q 0 0 0 rg BT 434.94 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 450.19 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 466.02 678.75 Td (costs ) Tj ET Q
q 0 0 0 rg BT 490.03 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 501.78 678.75 Td (marketing ) Tj ET Q
q 0 0 0 rg BT 547.36 678.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (selling ) Tj ET Q
q 0 0 0 rg BT 79.74 666.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 101.23 666.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 129.72 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.12 666.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 162.19 666.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 203.49 666.15 Td (determined ) Tj ET Q
q 0 0 0 rg BT 252.97 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 263.96 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 270.86 666.15 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 318.58 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 329.57 666.15 Td (client ) Tj ET Q
q 0 0 0 rg BT 355.13 666.15 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 384.50 666.15 Td (Reported ) Tj ET Q
q 0 0 0 rg BT 425.23 666.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 463.06 666.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 482.22 666.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 515.37 666.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 534.52 666.15 Td (earned ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 72.00 653.55 Td (providing ) Tj ET Q
q 0 0 0 rg BT 114.92 653.55 Td (client ) Tj ET Q
q 0 0 0 rg BT 140.33 653.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 151.16 653.55 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 202.23 653.55 Td (servicing, ) Tj ET Q
q 0 0 0 rg BT 245.43 653.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 287.18 653.55 Td (record ) Tj ET Q
q 0 0 0 rg BT 316.09 653.55 Td (keeping ) Tj ET Q
q 0 0 0 rg BT 351.41 653.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 362.25 653.55 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 424.41 653.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 460.31 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 470.57 653.55 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 519.30 653.55 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 547.35 653.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (non-discretionary ) Tj ET Q
q 0 0 0 rg BT 125.15 640.95 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 162.90 640.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 198.31 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 212.15 640.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 238.24 640.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 263.73 640.95 Td (advisement. ) Tj ET Q
q 0 0 0 rg BT 315.77 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 317.36 640.95 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 369.71 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 386.46 640.95 Td (service ) Tj ET Q
q 0 0 0 rg BT 417.78 640.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 436.28 640.95 Td (earned ) Tj ET Q
q 0 0 0 rg BT 465.84 640.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 477.94 640.95 Td (company-sponsored ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 97.70 628.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 123.16 628.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 138.10 628.35 Td (reported ) Tj ET Q
q 0 0 0 rg BT 175.21 628.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 186.08 628.35 Td (revenue. ) Tj ET Q
q 0 0 0 rg BT 224.06 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 226.18 628.35 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 279.06 628.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 315.00 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.28 628.35 Td (marketing ) Tj ET Q
q 0 0 0 rg BT 376.98 628.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 412.92 628.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 427.86 628.35 Td (considered ) Tj ET Q
q 0 0 0 rg BT 475.47 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 482.25 628.35 Td (single ) Tj ET Q
q 0 0 0 rg BT 509.46 628.35 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 94.33 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 105.33 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.41 615.75 Td (success ) Tj ET Q
q 0 0 0 rg BT 154.15 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.15 615.75 Td (selling ) Tj ET Q
q 0 0 0 rg BT 195.40 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 210.48 615.75 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 258.22 615.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 286.71 615.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 295.97 615.75 Td (highly ) Tj ET Q
q 0 0 0 rg BT 325.05 615.75 Td (dependent ) Tj ET Q
q 0 0 0 rg BT 370.45 615.75 Td (upon ) Tj ET Q
q 0 0 0 rg BT 393.71 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.78 615.75 Td (sales ) Tj ET Q
q 0 0 0 rg BT 431.45 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.86 615.75 Td (marketing ) Tj ET Q
q 0 0 0 rg BT 493.68 615.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 501.65 615.75 Td (forts. ) Tj ET Q
q 0 0 0 rg BT 525.77 615.75 Td (Ongoing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 101.23 603.15 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 142.47 603.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 152.23 603.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 159.64 603.15 Td (separate ) Tj ET Q
q 0 0 0 rg BT 196.79 603.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 252.59 603.15 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 297.92 603.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 309.42 603.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 333.75 603.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 370.32 603.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 385.89 603.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 402.06 603.15 Td (highly ) Tj ET Q
q 0 0 0 rg BT 431.64 603.15 Td (interrelated ) Tj ET Q
q 0 0 0 rg BT 482.20 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 500.11 603.15 Td (interdependent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.60 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.03 590.55 Td (sale ) Tj ET Q
q 0 0 0 rg BT 96.96 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.30 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.73 590.55 Td (shares. ) Tj ET Q
q 0 0 0 rg BT 155.20 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.80 590.55 Td (Fees ) Tj ET Q
q 0 0 0 rg BT 179.65 590.55 Td (earned ) Tj ET Q
q 0 0 0 rg BT 210.23 590.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 241.39 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 252.16 590.55 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 303.18 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 320.94 590.55 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 372.52 590.55 Td (serving ) Tj ET Q
q 0 0 0 rg BT 406.03 590.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 421.45 590.55 Td (considered ) Tj ET Q
q 0 0 0 rg BT 469.53 590.55 Td (variable ) Tj ET Q
q 0 0 0 rg BT 505.95 590.55 Td (consideration ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (because ) Tj ET Q
q 0 0 0 rg BT 85.13 577.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 105.61 577.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 120.83 577.95 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 165.79 577.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 192.10 577.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 205.01 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.24 577.95 Td (average ) Tj ET Q
q 0 0 0 rg BT 255.28 577.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 286.84 577.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 311.98 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.13 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.36 577.95 Td (fund. ) Tj ET Q
q 0 0 0 rg BT 362.64 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 364.87 577.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 383.59 577.95 Td (average ) Tj ET Q
q 0 0 0 rg BT 418.64 577.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 450.19 577.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 475.34 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 486.49 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 501.72 577.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 523.37 577.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 532.77 577.95 Td (subject ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.86 565.35 Td (change ) Tj ET Q
q 0 0 0 rg BT 91.79 565.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 117.89 565.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 130.58 565.35 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 182.35 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.71 565.35 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 239.82 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 250.18 565.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 289.10 565.35 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 327.16 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 344.52 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 355.46 565.35 Td (such, ) Tj ET Q
q 0 0 0 rg BT 379.53 565.35 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 430.14 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 447.50 565.35 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 498.67 565.35 Td (service ) Tj ET Q
q 0 0 0 rg BT 530.60 565.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 549.69 565.35 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 90.65 552.75 Td (constrained ) Tj ET Q
q 0 0 0 rg BT 141.14 552.75 Td (until ) Tj ET Q
q 0 0 0 rg BT 162.48 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 177.40 552.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 194.64 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 205.48 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.39 552.75 Td (month ) Tj ET Q
q 0 0 0 rg BT 249.32 552.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 260.15 552.75 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 291.97 552.75 Td (when ) Tj ET Q
q 0 0 0 rg BT 316.80 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 331.72 552.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 358.87 552.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 390.11 552.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 414.94 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 425.78 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.69 552.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 462.03 552.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 471.12 552.75 Td (known ) Tj ET Q
q 0 0 0 rg BT 501.79 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 519.04 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.95 552.75 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 85.34 540.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 94.96 540.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 108.07 540.15 Td (longer ) Tj ET Q
q 0 0 0 rg BT 137.51 540.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 169.86 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 180.64 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 187.91 540.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 234.85 540.15 Td (reversal. ) Tj ET Q
q 0 0 0 rg BT 273.32 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 275.74 540.15 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 322.36 540.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 373.40 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 391.17 540.15 Td (service ) Tj ET Q
q 0 0 0 rg BT 423.51 540.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 443.03 540.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 458.46 540.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 500.14 540.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 538.91 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.69 540.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 97.31 527.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 120.04 527.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 129.36 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.93 527.55 Td (end ) Tj ET Q
q 0 0 0 rg BT 160.84 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 171.33 527.55 Td (each ) Tj ET Q
q 0 0 0 rg BT 192.30 527.55 Td (monthly ) Tj ET Q
q 0 0 0 rg BT 229.05 527.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 239.54 527.55 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 279.18 527.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 319.41 527.55 Td (period ) Tj ET Q
q 0 0 0 rg BT 347.98 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 364.88 527.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 379.44 527.55 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 419.08 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 428.99 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.56 527.55 Td (two ) Tj ET Q
q 0 0 0 rg BT 461.06 527.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 515.85 527.55 Td (obligations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 76.57 514.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 90.23 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.22 514.95 Td (amount ) Tj ET Q
q 0 0 0 rg BT 140.87 514.95 Td (specified ) Tj ET Q
q 0 0 0 rg BT 181.93 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 193.26 514.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 215.66 514.95 Td (agreement. ) Tj ET Q
q 0 0 0 rg BT 265.17 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 268.10 514.95 Td (While ) Tj ET Q
q 0 0 0 rg BT 296.91 514.95 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 348.50 514.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 385.48 514.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 401.45 514.95 Td (lar) Tj ET Q
q 0 0 0 rg BT 412.34 514.95 Td (gely ) Tj ET Q
q 0 0 0 rg BT 433.58 514.95 Td (satisfied ) Tj ET Q
q 0 0 0 rg BT 471.73 514.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 482.47 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 498.46 514.95 Td (inception ) Tj ET Q
q 0 0 0 rg BT 540.69 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 552.60 514.95 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (investment, ) Tj ET Q
q 0 0 0 rg BT 100.79 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 116.20 502.35 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 153.20 502.35 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 191.36 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.70 502.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 238.51 502.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 253.91 502.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 286.24 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 296.99 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 312.41 502.35 Td (variable ) Tj ET Q
q 0 0 0 rg BT 348.81 502.35 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 407.96 502.35 Td (constraint. ) Tj ET Q
q 0 0 0 rg BT 454.58 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 456.59 502.35 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 508.40 502.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 513.61 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 520.85 502.35 Td (portion ) Tj ET Q
q 0 0 0 rg BT 553.77 502.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 100.41 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 118.05 489.75 Td (service ) Tj ET Q
q 0 0 0 rg BT 150.27 489.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 185.98 489.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 204.80 489.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 217.20 489.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 265.74 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 276.40 489.75 Td (periods ) Tj ET Q
q 0 0 0 rg BT 309.79 489.75 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 358.94 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 369.59 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.90 489.75 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 435.21 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 446.44 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 461.76 489.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 517.29 489.75 Td (obligation.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 82.37 464.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 103.59 464.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 127.71 464.55 Td (classes ) Tj ET Q
q 0 0 0 rg BT 158.83 464.55 Td (only ) Tj ET Q
q 0 0 0 rg BT 179.46 464.55 Td (char) Tj ET Q
q 0 0 0 rg BT 197.34 464.55 Td (ge ) Tj ET Q
q 0 0 0 rg BT 209.22 464.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 223.43 464.55 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 273.82 464.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 309.60 464.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 319.15 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 333.94 464.55 Td (inception ) Tj ET Q
q 0 0 0 rg BT 374.98 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.69 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.49 464.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 448.53 464.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 474.41 464.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 486.87 464.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 493.50 464.55 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 517.04 464.55 Td (percentage ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.72 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.02 451.95 Td (share ) Tj ET Q
q 0 0 0 rg BT 100.65 451.95 Td (price. ) Tj ET Q
q 0 0 0 rg BT 126.73 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 129.02 451.95 Td (This ) Tj ET Q
q 0 0 0 rg BT 150.16 451.95 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 174.21 451.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 197.67 451.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 207.15 451.95 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 247.51 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 258.15 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 273.46 451.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 328.98 451.95 Td (obligation, ) Tj ET Q
q 0 0 0 rg BT 376.66 451.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 404.79 451.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 414.27 451.95 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 469.82 451.95 Td (satisfied ) Tj ET Q
q 0 0 0 rg BT 507.29 451.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 517.34 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 532.64 451.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 553.77 451.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 439.35 Td (initial ) Tj ET Q
q 0 0 0 rg BT 92.08 439.35 Td (investment.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (Recognition ) Tj ET Q
q 0 0 0 rg BT 102.43 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.78 414.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 162.80 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 179.56 414.15 Td (service ) Tj ET Q
q 0 0 0 rg BT 210.90 414.15 Td (fee ) Tj ET Q
q 0 0 0 rg BT 225.32 414.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 260.15 414.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 285.66 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 300.09 414.15 Td (updated ) Tj ET Q
q 0 0 0 rg BT 334.93 414.15 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 374.43 414.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 383.04 414.15 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 426.63 414.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 446.90 414.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 470.08 414.15 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 501.58 414.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 507.27 414.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 529.28 414.15 Td (revenue ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 99.95 401.55 Td (process.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (When ) Tj ET Q
q 0 0 0 rg BT 77.87 376.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 102.74 376.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 134.62 376.35 Td (enters ) Tj ET Q
q 0 0 0 rg BT 162.99 376.35 Td (into ) Tj ET Q
q 0 0 0 rg BT 182.62 376.35 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 242.47 376.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 264.44 376.35 Td (broker) Tj ET Q
q 0 0 0 rg BT 291.63 376.35 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 328.16 376.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 340.20 376.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 365.07 376.35 Td (third ) Tj ET Q
q 0 0 0 rg BT 388.20 376.35 Td (parties ) Tj ET Q
q 0 0 0 rg BT 419.49 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 430.95 376.35 Td (sell ) Tj ET Q
q 0 0 0 rg BT 448.83 376.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 460.88 376.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 493.33 376.35 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 543.27 376.35 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 80.20 363.75 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 130.45 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.44 363.75 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 187.76 363.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 223.41 363.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 232.24 363.75 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 266.71 363.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 280.79 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 295.44 363.75 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 332.86 363.75 Td (owed ) Tj ET Q
q 0 0 0 rg BT 357.43 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 367.43 363.75 Td (third ) Tj ET Q
q 0 0 0 rg BT 389.09 363.75 Td (parties, ) Tj ET Q
q 0 0 0 rg BT 421.54 363.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 463.03 363.75 Td (finders' ) Tj ET Q
q 0 0 0 rg BT 495.91 363.75 Td (fees ) Tj ET Q
q 0 0 0 rg BT 514.64 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 531.64 363.75 Td (referral ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 69.30 351.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 90.27 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 101.34 351.15 Td (unaf) Tj ET Q
q 0 0 0 rg BT 119.80 351.15 Td (filiated ) Tj ET Q
q 0 0 0 rg BT 152.44 351.15 Td (broker) Tj ET Q
q 0 0 0 rg BT 179.63 351.15 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 215.76 351.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 227.40 351.15 Td (introducing ) Tj ET Q
q 0 0 0 rg BT 278.70 351.15 Td (parties ) Tj ET Q
q 0 0 0 rg BT 309.59 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 327.64 351.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 337.54 351.15 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 377.16 351.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 388.81 351.15 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 442.46 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 460.51 351.15 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 501.90 351.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 538.61 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.67 351.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 107.62 338.55 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 156.40 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.84 338.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 202.03 338.55 Td (\(Loss\). ) Tj ET Q
q 0 0 0 rg BT 234.19 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 236.89 338.55 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 290.35 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 308.21 338.55 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 349.40 338.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 385.92 338.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 405.54 338.55 Td (includes ) Tj ET Q
q 0 0 0 rg BT 443.23 338.55 Td (payments ) Tj ET Q
q 0 0 0 rg BT 486.18 338.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 497.05 338.55 Td (third ) Tj ET Q
q 0 0 0 rg BT 519.58 338.55 Td (parties ) Tj ET Q
q 0 0 0 rg BT 550.27 338.55 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 80.69 325.95 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 132.29 325.95 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 194.99 325.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 231.43 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 249.22 325.95 Td (sub-advisory ) Tj ET Q
q 0 0 0 rg BT 306.09 325.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 325.62 325.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 346.32 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 357.11 325.95 Td (unaf) Tj ET Q
q 0 0 0 rg BT 375.58 325.95 Td (filiated ) Tj ET Q
q 0 0 0 rg BT 407.94 325.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 430.98 325.95 Td (managers.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (Contract ) Tj ET Q
q 0 0 0 rg BT 90.05 300.75 Td (Costs ) Tj ET Q
q 0 0 0 rg BT 116.02 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.98 300.75 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 176.09 300.75 Td (Sales ) Tj ET Q
q 0 0 0 rg BT 201.47 300.75 Td (Commissions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.27 288.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 106.05 288.15 Td (incurs ) Tj ET Q
q 0 0 0 rg BT 134.91 288.15 Td (ordinary ) Tj ET Q
q 0 0 0 rg BT 173.67 288.15 Td (costs ) Tj ET Q
q 0 0 0 rg BT 197.87 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 209.23 288.15 Td (obtain ) Tj ET Q
q 0 0 0 rg BT 238.67 288.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 287.94 288.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 344.79 288.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 385.88 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 404.24 288.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 419.67 288.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 456.69 288.15 Td (provided ) Tj ET Q
q 0 0 0 rg BT 497.21 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 508.57 288.15 Td (customers ) Tj ET Q
q 0 0 0 rg BT 554.34 288.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 99.94 275.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 121.85 275.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 171.16 275.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 228.04 275.55 Td (agreements. ) Tj ET Q
q 0 0 0 rg BT 281.71 275.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 284.71 275.55 Td (These ) Tj ET Q
q 0 0 0 rg BT 313.01 275.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 337.25 275.55 Td (include ) Tj ET Q
q 0 0 0 rg BT 371.39 275.55 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 429.46 275.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 450.77 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 462.17 275.55 Td (wholesalers, ) Tj ET Q
q 0 0 0 rg BT 517.60 275.55 Td (employees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.64 262.95 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 115.51 262.95 Td (broker ) Tj ET Q
q 0 0 0 rg BT 145.89 262.95 Td (dealers ) Tj ET Q
q 0 0 0 rg BT 178.60 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 196.74 262.95 Td (administration ) Tj ET Q
q 0 0 0 rg BT 260.37 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 278.51 262.95 Td (placement ) Tj ET Q
q 0 0 0 rg BT 324.63 262.95 Td (fees. ) Tj ET Q
q 0 0 0 rg BT 347.13 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 350.11 262.95 Td (Depending ) Tj ET Q
q 0 0 0 rg BT 399.15 262.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 412.63 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 428.43 262.95 Td (type ) Tj ET Q
q 0 0 0 rg BT 449.48 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 461.21 262.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 498.00 262.95 Td (provided, ) Tj ET Q
q 0 0 0 rg BT 540.92 262.95 Td (these ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 68.95 250.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 89.57 250.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 102.03 250.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 122.65 250.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 132.77 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 148.14 250.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 169.35 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 184.72 250.35 Td (contract ) Tj ET Q
q 0 0 0 rg BT 221.08 250.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 230.63 250.35 Td (obtained ) Tj ET Q
q 0 0 0 rg BT 269.33 250.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 280.62 250.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 293.67 250.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 306.12 250.35 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 343.08 250.35 Td (basis. ) Tj ET Q
q 0 0 0 rg BT 369.25 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 371.80 250.35 Td (Under ) Tj ET Q
q 0 0 0 rg BT 400.58 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 415.96 250.35 Td (updated ) Tj ET Q
q 0 0 0 rg BT 451.74 250.35 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 494.81 250.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 518.35 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 529.06 250.35 Td (obtain ) Tj ET Q
q 0 0 0 rg BT 557.85 250.35 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (contract ) Tj ET Q
q 0 0 0 rg BT 86.43 237.75 Td (should ) Tj ET Q
q 0 0 0 rg BT 117.54 237.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 130.57 237.75 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 179.15 237.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 188.68 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 204.62 237.75 Td (costs ) Tj ET Q
q 0 0 0 rg BT 228.74 237.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 244.67 237.75 Td (incremental ) Tj ET Q
q 0 0 0 rg BT 297.34 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 315.61 237.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 344.98 237.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 361.51 237.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 384.44 237.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 407.38 237.75 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 445.47 237.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 455.00 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.94 237.75 Td (contract ) Tj ET Q
q 0 0 0 rg BT 507.87 237.75 Td (had ) Tj ET Q
q 0 0 0 rg BT 526.14 237.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 542.67 237.75 Td (been ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (obtained, ) Tj ET Q
q 0 0 0 rg BT 90.77 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.43 225.15 Td (costs ) Tj ET Q
q 0 0 0 rg BT 131.92 225.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 142.58 225.15 Td (fulfill ) Tj ET Q
q 0 0 0 rg BT 168.99 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 184.31 225.15 Td (contract ) Tj ET Q
q 0 0 0 rg BT 220.62 225.15 Td (should ) Tj ET Q
q 0 0 0 rg BT 251.11 225.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 263.52 225.15 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 311.48 225.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 320.39 225.15 Td (they ) Tj ET Q
q 0 0 0 rg BT 340.96 225.15 Td (relate ) Tj ET Q
q 0 0 0 rg BT 366.77 225.15 Td (directly ) Tj ET Q
q 0 0 0 rg BT 401.33 225.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 411.99 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 419.15 225.15 Td (contract, ) Tj ET Q
q 0 0 0 rg BT 458.08 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 473.40 225.15 Td (costs ) Tj ET Q
q 0 0 0 rg BT 496.89 225.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 515.72 225.15 Td (generate ) Tj ET Q
q 0 0 0 rg BT 553.77 225.15 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (enhance ) Tj ET Q
q 0 0 0 rg BT 85.68 212.55 Td (resources ) Tj ET Q
q 0 0 0 rg BT 127.11 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 137.64 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.26 212.55 Td (entity ) Tj ET Q
q 0 0 0 rg BT 177.96 212.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 195.49 212.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 213.61 212.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 225.31 212.55 Td (used ) Tj ET Q
q 0 0 0 rg BT 246.34 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 256.29 212.55 Td (satisfying ) Tj ET Q
q 0 0 0 rg BT 298.91 212.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 353.74 212.55 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 402.20 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 412.15 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 426.76 212.55 Td (future, ) Tj ET Q
q 0 0 0 rg BT 456.25 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 473.19 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.81 212.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 510.59 212.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 525.20 212.55 Td (expected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.86 199.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 71.97 199.95 Td (recovered. ) Tj ET Q
q 0 0 0 rg BT 118.18 199.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 120.38 199.95 Td (Consistent ) Tj ET Q
q 0 0 0 rg BT 166.91 199.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 187.78 199.95 Td (prior ) Tj ET Q
q 0 0 0 rg BT 210.38 199.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 258.65 199.95 Td (procedures, ) Tj ET Q
q 0 0 0 rg BT 309.53 199.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 330.97 199.95 Td (launch ) Tj ET Q
q 0 0 0 rg BT 361.16 199.95 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 386.98 199.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 428.84 199.95 Td (or) Tj ET Q
q 0 0 0 rg BT 437.40 199.95 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 490.91 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 508.27 199.95 Td (underwriting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 76.92 187.35 Td (placement ) Tj ET Q
q 0 0 0 rg BT 123.86 187.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 144.56 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 163.51 187.35 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 222.15 187.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 244.02 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 255.98 187.35 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 307.30 187.35 Td (wholesalers ) Tj ET Q
q 0 0 0 rg BT 360.66 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 379.62 187.35 Td (broker) Tj ET Q
q 0 0 0 rg BT 406.81 187.35 Td (-dealers ) Tj ET Q
q 0 0 0 rg BT 443.84 187.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 459.87 187.35 Td (sales ) Tj ET Q
q 0 0 0 rg BT 484.08 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 496.62 187.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 519.66 187.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 549.69 187.35 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 90.70 174.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 101.58 174.75 Td (incurred, ) Tj ET Q
q 0 0 0 rg BT 141.33 174.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 152.21 174.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 175.92 174.75 Td (costs ) Tj ET Q
q 0 0 0 rg BT 199.05 174.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 227.44 174.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 239.48 174.75 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 276.60 174.75 Td (regardless ) Tj ET Q
q 0 0 0 rg BT 321.30 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.18 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.14 174.75 Td (investor) Tj ET Q
q 0 0 0 rg BT 380.39 174.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 385.15 174.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 387.28 174.75 Td (However) Tj ET Q
q 0 0 0 rg BT 425.35 174.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 430.11 174.75 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 487.08 174.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 507.29 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 517.59 174.75 Td (employees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.00 162.15 Td (retail ) Tj ET Q
q 0 0 0 rg BT 90.92 162.15 Td (wholesalers ) Tj ET Q
q 0 0 0 rg BT 142.83 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 153.34 162.15 Td (connection ) Tj ET Q
q 0 0 0 rg BT 201.75 162.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 222.76 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 237.93 162.15 Td (sale ) Tj ET Q
q 0 0 0 rg BT 256.60 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.69 162.15 Td (retail ) Tj ET Q
q 0 0 0 rg BT 291.61 162.15 Td (separate ) Tj ET Q
q 0 0 0 rg BT 328.34 162.15 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 367.42 162.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 382.58 162.15 Td (considered ) Tj ET Q
q 0 0 0 rg BT 430.41 162.15 Td (incremental, ) Tj ET Q
q 0 0 0 rg BT 484.94 162.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 496.03 162.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 519.94 162.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 539.19 162.15 Td (relate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.66 149.55 Td (obtaining ) Tj ET Q
q 0 0 0 rg BT 103.32 149.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 110.98 149.55 Td (specific ) Tj ET Q
q 0 0 0 rg BT 146.63 149.55 Td (contract, ) Tj ET Q
q 0 0 0 rg BT 186.06 149.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 201.88 149.55 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 247.43 149.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 274.33 149.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 287.83 149.55 Td (specified ) Tj ET Q
q 0 0 0 rg BT 328.73 149.55 Td (rates ) Tj ET Q
q 0 0 0 rg BT 351.54 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 369.70 149.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 385.52 149.55 Td (recoverable ) Tj ET Q
q 0 0 0 rg BT 437.48 149.55 Td (through ) Tj ET Q
q 0 0 0 rg BT 473.14 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 488.96 149.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 545.60 149.55 Td (fees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (earned ) Tj ET Q
q 0 0 0 rg BT 79.86 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 97.40 136.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 112.60 136.95 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 152.87 136.95 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 200.72 136.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 227.01 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 242.22 136.95 Td (updated ) Tj ET Q
q 0 0 0 rg BT 277.84 136.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 326.28 136.95 Td (guidance. ) Tj ET Q
q 0 0 0 rg BT 369.19 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 371.57 136.95 Td (Such ) Tj ET Q
q 0 0 0 rg BT 394.95 136.95 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 452.17 136.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 474.95 136.95 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 516.40 136.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 527.53 136.95 Td (incurred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 77.13 124.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 102.43 124.35 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 133.94 124.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 141.75 124.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 165.88 124.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 215.68 124.35 Td (practices. ) Tj ET Q
q 0 0 0 rg BT 259.34 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 263.06 124.35 Td (Capitalized ) Tj ET Q
q 0 0 0 rg BT 314.61 124.35 Td (sales ) Tj ET Q
q 0 0 0 rg BT 338.74 124.35 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 397.31 124.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 413.85 124.35 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 459.56 124.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 487.20 124.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 501.42 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.98 124.35 Td (transfer ) Tj ET Q
q 0 0 0 rg BT 553.77 124.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 86.68 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 98.22 111.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 127.24 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.44 111.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 171.30 111.75 Td (relate, ) Tj ET Q
q 0 0 0 rg BT 200.61 111.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 229.63 111.75 Td (averages ) Tj ET Q
q 0 0 0 rg BT 269.72 111.75 Td (four ) Tj ET Q
q 0 0 0 rg BT 290.58 111.75 Td (years. ) Tj ET Q
q 0 0 0 rg BT 318.73 111.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 322.09 111.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 347.03 111.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 378.98 111.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 419.07 111.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 427.10 111.75 Td (cumulative-ef) Tj ET Q
q 0 0 0 rg BT 485.22 111.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 504.32 111.75 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 553.76 111.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td ($14,839) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.63 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 86.25 99.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 97.62 99.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 110.16 99.15 Td (increase ) Tj ET Q
q 0 0 0 rg BT 147.18 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 157.97 99.15 Td (Retained ) Tj ET Q
q 0 0 0 rg BT 197.91 99.15 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 237.86 99.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 250.99 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 266.44 99.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 324.48 99.15 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 360.92 99.15 Td (Sheet ) Tj ET Q
q 0 0 0 rg BT 386.87 99.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 398.24 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 409.04 99.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 433.83 99.15 Td (1, ) Tj ET Q
q 0 0 0 rg BT 444.33 99.15 Td (2018.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (Commissions ) Tj ET Q
q 0 0 0 rg BT 110.53 73.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 132.46 73.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 146.81 73.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 172.24 73.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 204.67 73.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 216.69 73.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 257.27 73.95 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 321.18 73.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 333.20 73.95 Td (connection ) Tj ET Q
q 0 0 0 rg BT 383.12 73.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 405.64 73.95 Td (sales ) Tj ET Q
q 0 0 0 rg BT 429.90 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 442.50 73.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 474.91 73.95 Td (classes ) Tj ET Q
q 0 0 0 rg BT 507.92 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 520.52 73.95 Td (company-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 95.24 61.35 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 127.55 61.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 154.04 61.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 170.02 61.35 Td (generally ) Tj ET Q
q 0 0 0 rg BT 212.24 61.35 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 260.87 61.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 272.77 61.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 310.90 61.35 Td (sales ) Tj ET Q
q 0 0 0 rg BT 334.46 61.35 Td (commissions. ) Tj ET Q
q 0 0 0 rg BT 394.86 61.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 414.34 61.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 437.90 61.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 448.06 61.35 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 493.20 61.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 515.01 61.35 Td (periods ) Tj ET Q
q 0 0 0 rg BT 549.08 61.35 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (exceeding ) Tj ET Q
q 0 0 0 rg BT 94.75 48.75 Td (six ) Tj ET Q
q 0 0 0 rg BT 109.69 48.75 Td (years, ) Tj ET Q
q 0 0 0 rg BT 137.16 48.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 165.52 48.75 Td (represent ) Tj ET Q
q 0 0 0 rg BT 206.69 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 222.20 48.75 Td (periods ) Tj ET Q
q 0 0 0 rg BT 255.81 48.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 285.91 48.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 314.26 48.75 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 371.79 48.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 387.30 48.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 429.05 48.75 Td (recovered ) Tj ET Q
q 0 0 0 rg BT 473.13 48.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 496.23 48.75 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 547.34 48.75 Td (and ) Tj ET Q
endstream
endobj
199 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 200 0 R>>
endobj
200 0 obj
<</Length 40542>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (97) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (service ) Tj ET Q
q 0 0 0 rg BT 81.65 741.75 Td (fee ) Tj ET Q
q 0 0 0 rg BT 96.89 741.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 136.63 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 154.21 741.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 177.04 741.75 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 223.78 741.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 261.17 741.75 Td (sales ) Tj ET Q
q 0 0 0 rg BT 284.00 741.75 Td (char) Tj ET Q
q 0 0 0 rg BT 301.88 741.75 Td (ges ) Tj ET Q
q 0 0 0 rg BT 318.30 741.75 Td (\("CDSC"\) ) Tj ET Q
q 0 0 0 rg BT 363.71 741.75 Td (received ) Tj ET Q
q 0 0 0 rg BT 401.69 741.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 424.52 741.75 Td (shareholders ) Tj ET Q
q 0 0 0 rg BT 480.01 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 491.17 741.75 Td (those ) Tj ET Q
q 0 0 0 rg BT 515.76 741.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 541.51 741.75 Td (upon ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 99.81 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 111.05 729.15 Td (their ) Tj ET Q
q 0 0 0 rg BT 132.78 729.15 Td (shares. ) Tj ET Q
q 0 0 0 rg BT 164.14 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 166.63 729.15 Td (CDSC ) Tj ET Q
q 0 0 0 rg BT 196.55 729.15 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 255.61 729.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 265.11 729.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 306.66 729.15 Td (variable ) Tj ET Q
q 0 0 0 rg BT 342.97 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 360.62 729.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 370.12 729.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 396.52 729.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 409.51 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.83 729.15 Td (timing ) Tj ET Q
q 0 0 0 rg BT 454.74 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 465.98 729.15 Td (when ) Tj ET Q
q 0 0 0 rg BT 491.21 729.15 Td (investors ) Tj ET Q
q 0 0 0 rg BT 531.62 729.15 Td (redeem ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 71.46 716.55 Td (investment. ) Tj ET Q
q 0 0 0 rg BT 122.87 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 125.39 716.55 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 172.11 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.65 716.55 Td (variable ) Tj ET Q
q 0 0 0 rg BT 224.18 716.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 283.46 716.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 293.18 716.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 332.05 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 342.93 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 358.47 716.55 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 407.25 716.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 430.95 716.55 Td (once ) Tj ET Q
q 0 0 0 rg BT 453.49 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 469.03 716.55 Td (investors ) Tj ET Q
q 0 0 0 rg BT 509.66 716.55 Td (redeem ) Tj ET Q
q 0 0 0 rg BT 543.27 716.55 Td (their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (shares ) Tj ET Q
q 0 0 0 rg BT 78.14 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 95.69 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 105.09 703.95 Td (satisfied ) Tj ET Q
q 0 0 0 rg BT 142.48 703.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 152.45 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 159.51 703.95 Td (point ) Tj ET Q
q 0 0 0 rg BT 183.49 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 194.05 703.95 Td (time. ) Tj ET Q
q 0 0 0 rg BT 217.74 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 220.13 703.95 Td (CDSC ) Tj ET Q
q 0 0 0 rg BT 249.96 703.95 Td (receipts ) Tj ET Q
q 0 0 0 rg BT 285.00 703.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 300.22 703.95 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 339.34 703.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 350.48 703.95 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 401.30 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 418.85 703.95 Td (service ) Tj ET Q
q 0 0 0 rg BT 450.98 703.95 Td (fee ) Tj ET Q
q 0 0 0 rg BT 466.19 703.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 501.82 703.95 Td (when ) Tj ET Q
q 0 0 0 rg BT 526.96 703.95 Td (received ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.50 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 75.00 691.35 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 117.49 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 129.08 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 144.74 691.35 Td (unamortized ) Tj ET Q
q 0 0 0 rg BT 200.06 691.35 Td (balance ) Tj ET Q
q 0 0 0 rg BT 234.96 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.55 691.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 284.36 691.35 Td (sales ) Tj ET Q
q 0 0 0 rg BT 307.61 691.35 Td (commissions, ) Tj ET Q
q 0 0 0 rg BT 367.91 691.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 389.42 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 396.92 691.35 Td (corresponding ) Tj ET Q
q 0 0 0 rg BT 459.83 691.35 Td (expense. ) Tj ET Q
q 0 0 0 rg BT 499.11 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 501.95 691.35 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 542.09 691.35 Td (sales ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (commissions, ) Tj ET Q
q 0 0 0 rg BT 109.79 678.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 148.78 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 159.78 678.75 Td (Other ) Tj ET Q
q 0 0 0 rg BT 186.52 678.75 Td (non-current ) Tj ET Q
q 0 0 0 rg BT 238.33 678.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 265.65 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 276.65 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 292.31 678.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 350.55 678.75 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 387.20 678.75 Td (Sheets, ) Tj ET Q
q 0 0 0 rg BT 420.07 678.75 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.30 678.75 Td ($1,895) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 472.17 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 475.00 678.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.99 678.75 Td ($1,419) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.87 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 524.70 678.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 535.11 678.75 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 65.25 666.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 88.88 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 106.66 666.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 132.91 666.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 182.96 666.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (Under ) Tj ET Q
q 0 0 0 rg BT 77.88 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.84 640.95 Td (updated ) Tj ET Q
q 0 0 0 rg BT 128.21 640.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 176.42 640.95 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 219.07 640.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 242.78 640.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 273.50 640.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 289.64 640.95 Td (elected ) Tj ET Q
q 0 0 0 rg BT 321.50 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 331.80 640.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 367.75 640.95 Td (sales ) Tj ET Q
q 0 0 0 rg BT 390.30 640.95 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 447.28 640.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 477.98 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 488.28 640.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 518.98 640.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 540.36 640.95 Td (share ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (classes ) Tj ET Q
q 0 0 0 rg BT 81.33 628.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 102.68 628.35 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 158.42 628.35 Td (periods ) Tj ET Q
q 0 0 0 rg BT 192.00 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 203.42 628.35 Td (one ) Tj ET Q
q 0 0 0 rg BT 221.26 628.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 242.00 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 253.42 628.35 Td (less ) Tj ET Q
q 0 0 0 rg BT 271.85 628.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 283.27 628.35 Td (incurred. ) Tj ET Q
q 0 0 0 rg BT 323.55 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 326.23 628.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 350.48 628.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 381.74 628.35 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 421.14 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 428.47 628.35 Td (cumulative-ef) Tj ET Q
q 0 0 0 rg BT 486.59 628.35 Td (fect ) Tj ET Q
q 0 0 0 rg BT 505.00 628.35 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 553.75 628.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td ($2,576) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.38 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 81.57 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 93.50 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 101.35 615.75 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 140.68 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 152.04 615.75 Td (Retained ) Tj ET Q
q 0 0 0 rg BT 192.55 615.75 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 233.06 615.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 246.76 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.77 615.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 321.38 615.75 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 358.38 615.75 Td (Sheet ) Tj ET Q
q 0 0 0 rg BT 384.90 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 396.84 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 408.07 615.75 Td (April ) Tj ET Q
q 0 0 0 rg BT 433.43 615.75 Td (1, ) Tj ET Q
q 0 0 0 rg BT 444.49 615.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 471.31 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 482.67 615.75 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 512.67 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 528.68 615.75 Td (expense ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (associated ) Tj ET Q
q 0 0 0 rg BT 95.28 603.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 116.57 603.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 138.44 603.15 Td (commissions, ) Tj ET Q
q 0 0 0 rg BT 198.53 603.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 226.82 603.15 Td (had ) Tj ET Q
q 0 0 0 rg BT 244.60 603.15 Td (previously ) Tj ET Q
q 0 0 0 rg BT 291.56 603.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 314.00 603.15 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 362.10 603.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 388.63 603.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 412.83 603.15 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 450.02 603.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 473.05 603.15 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 521.75 603.15 Td (practices.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 574.95 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 74.88 574.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 94.44 574.95 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 119.82 574.95 Td (Equivalents) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 562.35 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 73.13 562.35 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 123.57 562.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 139.01 562.35 Td (highly ) Tj ET Q
q 0 0 0 rg BT 168.47 562.35 Td (liquid ) Tj ET Q
q 0 0 0 rg BT 195.60 562.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 248.39 562.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 269.68 562.35 Td (original ) Tj ET Q
q 0 0 0 rg BT 304.97 562.35 Td (maturities ) Tj ET Q
q 0 0 0 rg BT 349.58 562.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.96 562.35 Td (90�days ) Tj ET Q
q 0 0 0 rg BT 395.95 562.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 407.33 562.35 Td (less.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 537.15 Td (Restricted ) Tj ET Q
q 0 0 0 rg BT 98.19 537.15 Td (Cash) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 524.55 Td (Restricted ) Tj ET Q
q 0 0 0 rg BT 94.05 524.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 114.68 524.55 Td (represents ) Tj ET Q
q 0 0 0 rg BT 159.22 524.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 179.85 524.55 Td (collateral ) Tj ET Q
q 0 0 0 rg BT 220.89 524.55 Td (required ) Tj ET Q
q 0 0 0 rg BT 257.84 524.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 272.06 524.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 303.19 524.55 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 330.24 524.55 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 391.39 524.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 412.03 524.55 Td (return ) Tj ET Q
q 0 0 0 rg BT 439.08 524.55 Td (swap ) Tj ET Q
q 0 0 0 rg BT 462.63 524.55 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 523.79 524.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 540.93 524.55 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 511.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 70.76 511.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 89.10 511.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 98.70 511.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 114.72 511.95 Td (available ) Tj ET Q
q 0 0 0 rg BT 155.21 511.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 165.98 511.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 190.15 511.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 221.33 511.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 236.17 511.95 Td (general ) Tj ET Q
q 0 0 0 rg BT 269.67 511.95 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 311.91 511.95 Td (use, ) Tj ET Q
q 0 0 0 rg BT 331.13 511.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 373.39 511.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 394.64 511.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 405.99 511.95 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 461.66 511.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 510.33 511.95 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 547.33 511.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 499.35 Td (af) Tj ET Q
q 0 0 0 rg BT 57.47 499.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 84.58 499.35 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 116.36 499.35 Td (trust ) Tj ET Q
q 0 0 0 rg BT 137.65 499.35 Td (cash.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 474.15 Td (Financial Instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 461.55 Td (Substantially ) Tj ET Q
q 0 0 0 rg BT 106.59 461.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 119.34 461.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 158.33 461.55 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 209.58 461.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 224.66 461.55 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 263.64 461.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 274.06 461.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 289.14 461.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 328.13 461.55 Td (statements ) Tj ET Q
q 0 0 0 rg BT 374.71 461.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 384.54 461.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 401.37 461.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 426.37 461.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 437.37 461.55 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 475.21 461.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 493.21 461.55 Td (approximate ) Tj ET Q
q 0 0 0 rg BT 547.94 461.55 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 448.95 Td (value, ) Tj ET Q
q 0 0 0 rg BT 77.49 448.95 Td (except ) Tj ET Q
q 0 0 0 rg BT 107.51 448.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 131.71 448.95 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 168.90 448.95 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 212.93 448.95 Td (debt.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 423.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.14 423.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 107.36 423.75 Td (above ) Tj ET Q
q 0 0 0 rg BT 135.40 423.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 146.54 423.75 Td ("Consolidation," ) Tj ET Q
q 0 0 0 rg BT 219.63 423.75 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 269.25 423.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 291.46 423.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 309.60 423.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 334.14 423.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 383.19 423.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 422.32 423.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 443.96 423.75 Td (seed ) Tj ET Q
q 0 0 0 rg BT 465.59 423.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 496.55 423.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 549.68 423.75 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 411.15 Td (initially ) Tj ET Q
q 0 0 0 rg BT 84.23 411.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 139.36 411.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 156.59 411.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.48 411.15 Td (individual ) Tj ET Q
q 0 0 0 rg BT 216.12 411.15 Td (securities ) Tj ET Q
q 0 0 0 rg BT 257.84 411.15 Td (within ) Tj ET Q
q 0 0 0 rg BT 286.74 411.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.63 411.15 Td (portfolio ) Tj ET Q
q 0 0 0 rg BT 340.44 411.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 355.32 411.15 Td (accounted ) Tj ET Q
q 0 0 0 rg BT 399.94 411.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 414.25 411.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 425.06 411.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 453.37 411.15 Td (investments. ) Tj ET Q
q 0 0 0 rg BT 508.22 411.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 510.29 411.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.93 411.15 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 398.55 Td (consolidates ) Tj ET Q
q 0 0 0 rg BT 103.99 398.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 128.14 398.55 Td (products ) Tj ET Q
q 0 0 0 rg BT 166.88 398.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 178.21 398.55 Td (long ) Tj ET Q
q 0 0 0 rg BT 199.46 398.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 210.79 398.55 Td (it ) Tj ET Q
q 0 0 0 rg BT 219.20 398.55 Td (holds ) Tj ET Q
q 0 0 0 rg BT 244.53 398.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 251.78 398.55 Td (controlling ) Tj ET Q
q 0 0 0 rg BT 300.43 398.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 339.74 398.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 373.23 398.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 383.98 398.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 399.39 398.55 Td (product. ) Tj ET Q
q 0 0 0 rg BT 436.67 398.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 439.25 398.55 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 465.16 398.55 Td (deconsolidation, ) Tj ET Q
q 0 0 0 rg BT 536.85 398.55 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 385.95 Td (typically ) Tj ET Q
q 0 0 0 rg BT 89.20 385.95 Td (occurs ) Tj ET Q
q 0 0 0 rg BT 119.56 385.95 Td (after ) Tj ET Q
q 0 0 0 rg BT 141.75 385.95 Td (several ) Tj ET Q
q 0 0 0 rg BT 174.44 385.95 Td (years, ) Tj ET Q
q 0 0 0 rg BT 202.18 385.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 226.71 385.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 258.26 385.95 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 297.95 385.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 313.15 385.95 Td (its ) Tj ET Q
q 0 0 0 rg BT 326.03 385.95 Td (seed ) Tj ET Q
q 0 0 0 rg BT 347.65 385.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 378.59 385.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 431.71 385.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 442.84 385.95 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 492.44 385.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 514.65 385.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 553.77 385.95 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 373.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 77.65 373.35 Td (method ) Tj ET Q
q 0 0 0 rg BT 111.06 373.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 163.13 373.35 Td (\(further ) Tj ET Q
q 0 0 0 rg BT 197.10 373.35 Td (described ) Tj ET Q
q 0 0 0 rg BT 239.24 373.35 Td (below\) ) Tj ET Q
q 0 0 0 rg BT 270.30 373.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 278.62 373.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 290.45 373.35 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 336.10 373.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 345.02 373.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 381.91 373.35 Td (20% ) Tj ET Q
q 0 0 0 rg BT 403.06 373.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 420.13 373.35 Td (50%, ) Tj ET Q
q 0 0 0 rg BT 443.91 373.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 454.56 373.35 Td (it ) Tj ET Q
q 0 0 0 rg BT 462.30 373.35 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 505.03 373.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 520.94 373.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 535.67 373.35 Td (ability ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 360.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.62 360.75 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 114.07 360.75 Td (influence ) Tj ET Q
q 0 0 0 rg BT 155.09 360.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 169.87 360.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 208.55 360.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 225.67 360.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 267.28 360.75 Td (policies ) Tj ET Q
q 0 0 0 rg BT 301.89 360.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 312.59 360.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 327.38 360.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 348.58 360.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 359.28 360.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 382.81 360.75 Td (product. ) Tj ET Q
q 0 0 0 rg BT 419.46 360.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 421.42 360.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 437.96 360.75 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 491.23 360.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 508.35 360.75 Td (LLCs, ) Tj ET Q
q 0 0 0 rg BT 536.85 360.75 Td (where ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 348.15 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 97.36 348.15 Td (investors ) Tj ET Q
q 0 0 0 rg BT 138.23 348.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 159.26 348.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 182.04 348.15 Td (less ) Tj ET Q
q 0 0 0 rg BT 200.75 348.15 Td (ability ) Tj ET Q
q 0 0 0 rg BT 230.53 348.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 241.66 348.15 Td (influence ) Tj ET Q
q 0 0 0 rg BT 283.67 348.15 Td (operations, ) Tj ET Q
q 0 0 0 rg BT 332.99 348.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 348.78 348.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 377.98 348.15 Td (method ) Tj ET Q
q 0 0 0 rg BT 412.43 348.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 424.13 348.15 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 473.15 348.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 483.11 348.15 Td (considered ) Tj ET Q
q 0 0 0 rg BT 531.55 348.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 540.92 348.15 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 335.55 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 86.74 335.55 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 133.17 335.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 142.85 335.55 Td (greater ) Tj ET Q
q 0 0 0 rg BT 174.68 335.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 195.44 335.55 Td (3%. ) Tj ET Q
q 0 0 0 rg BT 214.74 335.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 217.42 335.55 Td (Changes ) Tj ET Q
q 0 0 0 rg BT 256.27 335.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 267.12 335.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 282.63 335.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 299.88 335.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 325.30 335.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 336.73 335.55 Td (seed ) Tj ET Q
q 0 0 0 rg BT 358.07 335.55 Td (capital ) Tj ET Q
q 0 0 0 rg BT 388.73 335.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 441.58 335.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 457.08 335.55 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 505.82 335.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 516.67 335.55 Td (Other ) Tj ET Q
q 0 0 0 rg BT 543.25 335.55 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 322.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 91.78 322.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 125.31 322.95 Td (\(expense\), ) Tj ET Q
q 0 0 0 rg BT 171.37 322.95 Td (net, ) Tj ET Q
q 0 0 0 rg BT 189.45 322.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 202.57 322.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 218.03 322.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 276.07 322.95 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 324.77 322.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 336.14 322.95 Td (Income ) Tj ET Q
q 0 0 0 rg BT 370.25 322.95 Td (\(Loss\).) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 297.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.94 297.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.38 297.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 147.31 297.75 Td (redeems ) Tj ET Q
q 0 0 0 rg BT 185.16 297.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 197.94 297.75 Td (seed ) Tj ET Q
q 0 0 0 rg BT 219.46 297.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 250.31 297.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 303.34 297.75 Td (when ) Tj ET Q
q 0 0 0 rg BT 328.94 297.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 344.64 297.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 376.06 297.75 Td (product ) Tj ET Q
q 0 0 0 rg BT 411.00 297.75 Td (establishes ) Tj ET Q
q 0 0 0 rg BT 459.36 297.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 466.88 297.75 Td (suf) Tj ET Q
q 0 0 0 rg BT 479.53 297.75 Td (ficient ) Tj ET Q
q 0 0 0 rg BT 509.21 297.75 Td (track ) Tj ET Q
q 0 0 0 rg BT 533.06 297.75 Td (record, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 285.15 Td (when ) Tj ET Q
q 0 0 0 rg BT 75.06 285.15 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 122.78 285.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 175.77 285.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 186.75 285.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.40 285.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 233.78 285.15 Td (product ) Tj ET Q
q 0 0 0 rg BT 268.67 285.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 284.31 285.15 Td (suf) Tj ET Q
q 0 0 0 rg BT 296.95 285.15 Td (ficient ) Tj ET Q
q 0 0 0 rg BT 326.59 285.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 337.58 285.15 Td (sustain ) Tj ET Q
q 0 0 0 rg BT 369.56 285.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 385.21 285.15 Td (strategy) Tj ET Q
q 0 0 0 rg BT 417.77 285.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 423.21 285.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 434.78 285.15 Td (when ) Tj ET Q
q 0 0 0 rg BT 460.34 285.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 467.82 285.15 Td (decision ) Tj ET Q
q 0 0 0 rg BT 505.63 285.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 515.45 285.15 Td (made ) Tj ET Q
q 0 0 0 rg BT 541.01 285.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 551.99 285.15 Td (no ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 272.55 Td (longer ) Tj ET Q
q 0 0 0 rg BT 78.83 272.55 Td (pursue ) Tj ET Q
q 0 0 0 rg BT 109.34 272.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 124.68 272.55 Td (strategy) Tj ET Q
q 0 0 0 rg BT 157.23 272.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 162.37 272.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 164.70 272.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 183.53 272.55 Td (length ) Tj ET Q
q 0 0 0 rg BT 212.29 272.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 223.54 272.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 244.72 272.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 268.80 272.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 299.89 272.55 Td (holds ) Tj ET Q
q 0 0 0 rg BT 325.16 272.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 332.33 272.55 Td (majority ) Tj ET Q
q 0 0 0 rg BT 370.41 272.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 403.83 272.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 414.51 272.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 421.68 272.55 Td (product ) Tj ET Q
q 0 0 0 rg BT 456.26 272.55 Td (varies ) Tj ET Q
q 0 0 0 rg BT 483.84 272.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 510.26 272.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 523.27 272.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 530.44 272.55 Td (number ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 259.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 259.95 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 94.69 259.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 116.56 259.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 127.93 259.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 159.71 259.95 Td (demand, ) Tj ET Q
q 0 0 0 rg BT 198.20 259.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 229.98 259.95 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 276.35 259.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 294.14 259.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 342.84 259.95 Td (performance.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 234.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.60 234.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 95.36 234.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 148.03 234.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 158.71 234.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 186.89 234.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 210.97 234.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 242.07 234.75 Td (does ) Tj ET Q
q 0 0 0 rg BT 263.83 234.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 279.76 234.75 Td (control ) Tj ET Q
q 0 0 0 rg BT 312.01 234.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 327.35 234.75 Td (investee ) Tj ET Q
q 0 0 0 rg BT 364.27 234.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 381.94 234.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 391.46 234.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 407.39 234.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 422.73 234.75 Td (primary ) Tj ET Q
q 0 0 0 rg BT 458.48 234.75 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 508.21 234.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.47 234.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 526.46 234.75 Td (VIE, ) Tj ET Q
q 0 0 0 rg BT 549.09 234.75 Td (but ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 222.15 Td (can ) Tj ET Q
q 0 0 0 rg BT 67.54 222.15 Td (exert ) Tj ET Q
q 0 0 0 rg BT 92.00 222.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 139.80 222.15 Td (influence ) Tj ET Q
q 0 0 0 rg BT 182.33 222.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 204.46 222.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.76 222.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 260.97 222.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 279.60 222.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 322.72 222.15 Td (policies ) Tj ET Q
q 0 0 0 rg BT 358.86 222.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.07 222.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.38 222.15 Td (investee, ) Tj ET Q
q 0 0 0 rg BT 427.88 222.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 452.92 222.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 484.98 222.15 Td (follows ) Tj ET Q
q 0 0 0 rg BT 519.95 222.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 536.25 222.15 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 209.55 Td (method ) Tj ET Q
q 0 0 0 rg BT 83.54 209.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.83 209.55 Td (accounting. ) Tj ET Q
q 0 0 0 rg BT 146.07 209.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 148.43 209.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 167.30 209.55 Td (evaluation ) Tj ET Q
q 0 0 0 rg BT 213.58 209.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 224.87 209.55 Td (whether ) Tj ET Q
q 0 0 0 rg BT 261.24 209.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 285.36 209.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 316.49 209.55 Td (can ) Tj ET Q
q 0 0 0 rg BT 333.60 209.55 Td (exert ) Tj ET Q
q 0 0 0 rg BT 357.13 209.55 Td (control ) Tj ET Q
q 0 0 0 rg BT 389.42 209.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 400.71 209.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 447.58 209.55 Td (influence ) Tj ET Q
q 0 0 0 rg BT 489.19 209.55 Td (over ) Tj ET Q
q 0 0 0 rg BT 510.40 209.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.77 209.55 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 196.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.87 196.95 Td (operational ) Tj ET Q
q 0 0 0 rg BT 116.32 196.95 Td (policies ) Tj ET Q
q 0 0 0 rg BT 151.19 196.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.15 196.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 174.28 196.95 Td (investee ) Tj ET Q
q 0 0 0 rg BT 210.89 196.95 Td (requires ) Tj ET Q
q 0 0 0 rg BT 246.92 196.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 293.46 196.95 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 335.34 196.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 361.46 196.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 374.17 196.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 389.21 196.95 Td (facts ) Tj ET Q
q 0 0 0 rg BT 411.25 196.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 428.62 196.95 Td (circumstances ) Tj ET Q
q 0 0 0 rg BT 490.31 196.95 Td (surrounding ) Tj ET Q
q 0 0 0 rg BT 543.27 196.95 Td (each ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 184.35 Td (individual ) Tj ET Q
q 0 0 0 rg BT 95.02 184.35 Td (investment. ) Tj ET Q
q 0 0 0 rg BT 146.66 184.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 149.60 184.35 Td (Factors ) Tj ET Q
q 0 0 0 rg BT 183.45 184.35 Td (considered ) Tj ET Q
q 0 0 0 rg BT 231.87 184.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 242.98 184.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 267.49 184.35 Td (evaluations ) Tj ET Q
q 0 0 0 rg BT 318.25 184.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 339.27 184.35 Td (include ) Tj ET Q
q 0 0 0 rg BT 373.11 184.35 Td (investor ) Tj ET Q
q 0 0 0 rg BT 409.88 184.35 Td (voting ) Tj ET Q
q 0 0 0 rg BT 439.66 184.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 451.34 184.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 475.86 184.35 Td (rights, ) Tj ET Q
q 0 0 0 rg BT 505.34 184.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 523.44 184.35 Td (influence ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 171.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.02 171.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.55 171.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 126.58 171.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 149.35 171.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 162.80 171.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.58 171.75 Td (governing ) Tj ET Q
q 0 0 0 rg BT 224.10 171.75 Td (board ) Tj ET Q
q 0 0 0 rg BT 250.95 171.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 262.65 171.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 278.42 171.75 Td (investee, ) Tj ET Q
q 0 0 0 rg BT 318.40 171.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 334.18 171.75 Td (legal ) Tj ET Q
q 0 0 0 rg BT 357.53 171.75 Td (rights ) Tj ET Q
q 0 0 0 rg BT 384.40 171.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 396.09 171.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 420.62 171.75 Td (investors ) Tj ET Q
q 0 0 0 rg BT 461.48 171.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 472.60 171.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 488.37 171.75 Td (entity ) Tj ET Q
q 0 0 0 rg BT 515.23 171.75 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 554.34 171.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 159.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.08 159.15 Td (fund's ) Tj ET Q
q 0 0 0 rg BT 93.05 159.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 135.45 159.15 Td (documents ) Tj ET Q
q 0 0 0 rg BT 183.69 159.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 201.60 159.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 217.18 159.15 Td (relationship ) Tj ET Q
q 0 0 0 rg BT 269.50 159.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 307.23 159.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 331.55 159.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 362.88 159.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 380.79 159.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 405.11 159.15 Td (investors ) Tj ET Q
q 0 0 0 rg BT 445.78 159.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 456.69 159.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.27 159.15 Td (entity) Tj ET Q
q 0 0 0 rg BT 495.50 159.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 500.87 159.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 503.62 159.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 527.94 159.15 Td (Mason's ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 146.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 78.26 146.55 Td (method ) Tj ET Q
q 0 0 0 rg BT 112.28 146.55 Td (investees ) Tj ET Q
q 0 0 0 rg BT 153.28 146.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 171.55 146.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 186.88 146.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 235.48 146.55 Td (companies ) Tj ET Q
q 0 0 0 rg BT 282.90 146.55 Td (record ) Tj ET Q
q 0 0 0 rg BT 312.23 146.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 333.99 146.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 382.00 146.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 434.68 146.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 444.78 146.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 461.87 146.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 489.75 146.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 492.08 146.55 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 538.61 146.55 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 133.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 63.89 133.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 91.71 133.95 Td (method ) Tj ET Q
q 0 0 0 rg BT 124.77 133.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 135.08 133.95 Td (accounting, ) Tj ET Q
q 0 0 0 rg BT 185.34 133.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 208.48 133.95 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 244.61 133.95 Td (share ) Tj ET Q
q 0 0 0 rg BT 268.33 133.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 278.64 133.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 293.04 133.95 Td (investee's ) Tj ET Q
q 0 0 0 rg BT 334.99 133.95 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 382.04 133.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 396.44 133.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 428.91 133.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 439.22 133.95 Td (loss ) Tj ET Q
q 0 0 0 rg BT 457.13 133.95 Td (predominantly ) Tj ET Q
q 0 0 0 rg BT 519.94 133.95 Td (represents ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 121.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 67.50 121.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 93.66 121.35 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 147.26 121.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 158.85 121.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 175.11 121.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 228.70 121.35 Td (held ) Tj ET Q
q 0 0 0 rg BT 250.20 121.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 264.13 121.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.39 121.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 310.06 121.35 Td (method ) Tj ET Q
q 0 0 0 rg BT 344.98 121.35 Td (investee. ) Tj ET Q
q 0 0 0 rg BT 385.44 121.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 388.86 121.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 413.87 121.35 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 451.85 121.35 Td (share ) Tj ET Q
q 0 0 0 rg BT 477.44 121.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 489.61 121.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 505.87 121.35 Td (investee's ) Tj ET Q
q 0 0 0 rg BT 549.67 121.35 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 108.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 82.84 108.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 94.02 108.75 Td (loss ) Tj ET Q
q 0 0 0 rg BT 112.80 108.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 122.23 108.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 148.58 108.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 161.51 108.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.77 108.75 Td (most ) Tj ET Q
q 0 0 0 rg BT 199.63 108.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 231.79 108.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 283.80 108.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 324.13 108.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 341.72 108.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 351.16 108.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 390.32 108.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 401.50 108.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 408.60 108.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 423.86 108.75 Td (gain ) Tj ET Q
q 0 0 0 rg BT 444.37 108.75 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 470.14 108.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 483.07 108.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 535.67 108.75 Td (within ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 96.15 Td (Other ) Tj ET Q
q 0 0 0 rg BT 77.01 96.15 Td (non-operating ) Tj ET Q
q 0 0 0 rg BT 139.51 96.15 Td (income ) Tj ET Q
q 0 0 0 rg BT 174.02 96.15 Td (\(expense\), ) Tj ET Q
q 0 0 0 rg BT 221.05 96.15 Td (net. ) Tj ET Q
q 0 0 0 rg BT 240.11 96.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 242.91 96.15 Td (A) Tj ET Q
q 0 0 0 rg BT 249.92 96.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 253.52 96.15 Td (portion ) Tj ET Q
q 0 0 0 rg BT 287.45 96.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 299.80 96.15 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 338.97 96.15 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 374.65 96.15 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 426.07 96.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 437.83 96.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 463.01 96.15 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 501.17 96.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 531.02 96.15 Td (method ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 83.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 106.19 83.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 126.71 83.55 Td (of) Tj ET Q
q 0 0 0 rg BT 135.26 83.55 Td (fsetting ) Tj ET Q
q 0 0 0 rg BT 173.28 83.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 238.13 83.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 278.47 83.55 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 335.15 83.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 365.58 83.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 405.33 83.55 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 442.77 83.55 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 505.85 83.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 527.53 83.55 Td (deferred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 70.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 111.18 70.95 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 173.71 70.95 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 217.58 70.95 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 270.51 70.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 282.03 70.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.21 70.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 330.72 70.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 356.81 70.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 368.92 70.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 422.43 70.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 444.46 70.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 467.06 70.95 Td (of) Tj ET Q
q 0 0 0 rg BT 475.62 70.95 Td (fsets ) Tj ET Q
q 0 0 0 rg BT 498.22 70.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 517.91 70.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 534.68 70.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 557.85 70.95 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 58.35 Td (material ) Tj ET Q
q 0 0 0 rg BT 85.72 58.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 116.11 58.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 128.42 58.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 145.40 58.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 178.71 58.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 206.95 58.35 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 259.51 58.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 269.49 58.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 292.88 58.35 Td (Mason,�Inc. ) Tj ET Q
q 0 0 0 rg BT 344.57 58.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 346.39 58.35 Td (Distributions ) Tj ET Q
q 0 0 0 rg BT 403.04 58.35 Td (received ) Tj ET Q
q 0 0 0 rg BT 440.42 58.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 462.64 58.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 490.71 58.35 Td (method ) Tj ET Q
q 0 0 0 rg BT 524.02 58.35 Td (investees ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 45.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 65.19 45.75 Td (classified ) Tj ET Q
q 0 0 0 rg BT 107.72 45.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 118.76 45.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.46 45.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 192.74 45.75 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 241.69 45.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 253.31 45.75 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 277.19 45.75 Td (Flows ) Tj ET Q
q 0 0 0 rg BT 305.74 45.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 317.36 45.75 Td (either ) Tj ET Q
q 0 0 0 rg BT 344.13 45.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 386.66 45.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 398.28 45.75 Td (investing ) Tj ET Q
q 0 0 0 rg BT 439.65 45.75 Td (activities ) Tj ET Q
q 0 0 0 rg BT 480.43 45.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 507.21 45.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 520.58 45.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 536.28 45.75 Td (nature ) Tj ET Q
endstream
endobj
201 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 202 0 R>>
endobj
202 0 obj
<</Length 38813>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (98) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 62.50 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.59 741.75 Td (distribution. ) Tj ET Q
q 0 0 0 rg BT 134.89 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 139.15 741.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 164.98 741.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 197.83 741.75 Td (evaluates ) Tj ET Q
q 0 0 0 rg BT 241.15 741.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 255.33 741.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 285.83 741.75 Td (method ) Tj ET Q
q 0 0 0 rg BT 321.58 741.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 376.00 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 392.51 741.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 445.17 741.75 Td (when ) Tj ET Q
q 0 0 0 rg BT 472.17 741.75 Td (events ) Tj ET Q
q 0 0 0 rg BT 503.25 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 516.26 741.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 554.33 741.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (circumstances ) Tj ET Q
q 0 0 0 rg BT 111.52 729.15 Td (indicate ) Tj ET Q
q 0 0 0 rg BT 147.30 729.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 165.59 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.96 729.15 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 218.49 729.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 243.78 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 255.07 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 270.44 729.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 319.06 729.15 Td (exceeds ) Tj ET Q
q 0 0 0 rg BT 354.84 729.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 367.31 729.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 384.42 729.15 Td (value, ) Tj ET Q
q 0 0 0 rg BT 412.33 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 430.04 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 445.41 729.15 Td (decline ) Tj ET Q
q 0 0 0 rg BT 478.27 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 488.99 729.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 506.10 729.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 531.39 729.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 540.94 729.15 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 70.20 716.55 Td (temporary) Tj ET Q
q 0 0 0 rg BT 112.67 716.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.41 691.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 104.34 691.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 123.59 691.35 Td (holds ) Tj ET Q
q 0 0 0 rg BT 148.68 691.35 Td (marketable ) Tj ET Q
q 0 0 0 rg BT 197.67 691.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 226.25 691.35 Td (securities ) Tj ET Q
q 0 0 0 rg BT 268.24 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 285.74 691.35 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 309.66 691.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 342.90 691.35 Td (securities ) Tj ET Q
q 0 0 0 rg BT 384.90 691.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 412.90 691.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 428.05 691.35 Td (classified ) Tj ET Q
q 0 0 0 rg BT 470.05 691.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 481.13 691.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 509.72 691.35 Td (investments. ) Tj ET Q
q 0 0 0 rg BT 565.13 691.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 83.30 678.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 132.28 678.75 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 177.45 678.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 220.01 678.75 Td (those ) Tj ET Q
q 0 0 0 rg BT 245.08 678.75 Td (held ) Tj ET Q
q 0 0 0 rg BT 266.05 678.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 279.45 678.75 Td (CIVs, ) Tj ET Q
q 0 0 0 rg BT 307.14 678.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 322.85 678.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 342.67 678.75 Td (classified ) Tj ET Q
q 0 0 0 rg BT 385.22 678.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 396.86 678.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 426.00 678.75 Td (investments. ) Tj ET Q
q 0 0 0 rg BT 481.69 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 484.38 678.75 Td (These ) Tj ET Q
q 0 0 0 rg BT 512.34 678.75 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.94 666.15 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 104.29 666.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 114.50 666.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 131.69 666.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 157.06 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 174.84 666.15 Td (realized ) Tj ET Q
q 0 0 0 rg BT 210.69 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 228.48 666.15 Td (unrealized ) Tj ET Q
q 0 0 0 rg BT 274.83 666.15 Td (gains ) Tj ET Q
q 0 0 0 rg BT 299.62 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 317.40 666.15 Td (losses ) Tj ET Q
q 0 0 0 rg BT 345.11 666.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 360.56 666.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 399.34 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 410.13 666.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 442.49 666.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 471.94 666.15 Td (earnings.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 79.98 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 97.61 640.95 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 121.66 640.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 155.05 640.95 Td (securities ) Tj ET Q
q 0 0 0 rg BT 197.18 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 212.47 640.95 Td (valued ) Tj ET Q
q 0 0 0 rg BT 242.94 640.95 Td (using ) Tj ET Q
q 0 0 0 rg BT 268.17 640.95 Td (closing ) Tj ET Q
q 0 0 0 rg BT 300.98 640.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 332.61 640.95 Td (prices ) Tj ET Q
q 0 0 0 rg BT 360.15 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 374.87 640.95 Td (listed ) Tj ET Q
q 0 0 0 rg BT 400.10 640.95 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 451.58 640.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 462.80 640.95 Td (broker ) Tj ET Q
q 0 0 0 rg BT 492.68 640.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 516.14 640.95 Td (quotations, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (when ) Tj ET Q
q 0 0 0 rg BT 75.68 628.35 Td (available. ) Tj ET Q
q 0 0 0 rg BT 119.64 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 123.08 628.35 Td (Fixed ) Tj ET Q
q 0 0 0 rg BT 150.44 628.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 184.78 628.35 Td (securities ) Tj ET Q
q 0 0 0 rg BT 227.88 628.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 249.39 628.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 269.75 628.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 283.10 628.35 Td (valued ) Tj ET Q
q 0 0 0 rg BT 314.52 628.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 340.72 628.35 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 383.23 628.35 Td (models ) Tj ET Q
q 0 0 0 rg BT 417.00 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 435.60 628.35 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 478.11 628.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 505.46 628.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 519.40 628.35 Td (spreads ) Tj ET Q
q 0 0 0 rg BT 554.33 628.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (actively ) Tj ET Q
q 0 0 0 rg BT 85.36 615.75 Td (traded ) Tj ET Q
q 0 0 0 rg BT 114.22 615.75 Td (benchmark ) Tj ET Q
q 0 0 0 rg BT 163.49 615.75 Td (debt ) Tj ET Q
q 0 0 0 rg BT 184.19 615.75 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 235.82 615.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 257.11 615.75 Td (readily ) Tj ET Q
q 0 0 0 rg BT 288.89 615.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 329.41 615.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 361.19 615.75 Td (prices.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.84 590.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 119.75 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 130.67 590.55 Td (illiquid ) Tj ET Q
q 0 0 0 rg BT 163.76 590.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 175.25 590.55 Td (privately-held ) Tj ET Q
q 0 0 0 rg BT 236.90 590.55 Td (securities ) Tj ET Q
q 0 0 0 rg BT 279.30 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 294.30 590.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 322.71 590.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 354.61 590.55 Td (prices ) Tj ET Q
q 0 0 0 rg BT 382.44 590.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 393.93 590.55 Td (quotations ) Tj ET Q
q 0 0 0 rg BT 440.43 590.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 461.26 590.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 477.43 590.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 490.09 590.55 Td (readily ) Tj ET Q
q 0 0 0 rg BT 521.99 590.55 Td (available, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 106.82 577.95 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 149.57 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.08 577.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 192.50 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 204.92 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 221.42 577.95 Td (securities ) Tj ET Q
q 0 0 0 rg BT 264.76 577.95 Td (using ) Tj ET Q
q 0 0 0 rg BT 291.19 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 299.52 577.95 Td (variety ) Tj ET Q
q 0 0 0 rg BT 332.35 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.78 577.95 Td (methods ) Tj ET Q
q 0 0 0 rg BT 384.04 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 402.88 577.95 Td (resources, ) Tj ET Q
q 0 0 0 rg BT 448.83 577.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 492.17 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 508.67 577.95 Td (most ) Tj ET Q
q 0 0 0 rg BT 532.77 577.95 Td (current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (available ) Tj ET Q
q 0 0 0 rg BT 89.97 565.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 129.27 565.35 Td (information ) Tj ET Q
q 0 0 0 rg BT 181.42 565.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 196.24 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 211.64 565.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 260.29 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 278.03 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 293.43 565.35 Td (industry) Tj ET Q
q 0 0 0 rg BT 327.16 565.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 332.36 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 334.37 565.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 348.61 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 355.85 565.35 Td (practical ) Tj ET Q
q 0 0 0 rg BT 394.56 565.35 Td (expedient, ) Tj ET Q
q 0 0 0 rg BT 440.58 565.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 464.73 565.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 495.88 565.35 Td (relies ) Tj ET Q
q 0 0 0 rg BT 521.20 565.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 534.27 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 549.67 565.35 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 72.15 552.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 97.14 552.75 Td (\("NA) Tj ET Q
q 0 0 0 rg BT 118.73 552.75 Td (V"\) ) Tj ET Q
q 0 0 0 rg BT 136.34 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.33 552.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 178.14 552.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 230.54 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 240.96 552.75 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 294.52 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 311.92 552.75 Td (limited ) Tj ET Q
q 0 0 0 rg BT 343.92 552.75 Td (liability ) Tj ET Q
q 0 0 0 rg BT 378.82 552.75 Td (company) Tj ET Q
q 0 0 0 rg BT 416.63 552.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 421.50 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 432.49 552.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 453.98 552.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 470.79 552.75 Td (value. ) Tj ET Q
q 0 0 0 rg BT 498.40 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 500.48 552.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 519.05 552.75 Td (NA) Tj ET Q
q 0 0 0 rg BT 532.86 552.75 Td (Vs ) Tj ET Q
q 0 0 0 rg BT 546.77 552.75 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 71.95 540.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 94.39 540.15 Td (provided ) Tj ET Q
q 0 0 0 rg BT 134.34 540.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 147.47 540.15 Td (investees ) Tj ET Q
q 0 0 0 rg BT 188.58 540.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 204.02 540.15 Td (derived ) Tj ET Q
q 0 0 0 rg BT 238.14 540.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 261.17 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 276.62 540.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 293.82 540.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 323.27 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 334.64 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 350.10 540.15 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 398.21 540.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 451.00 540.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 462.37 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 473.75 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.20 540.15 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 530.31 540.15 Td (date.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 76.04 514.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 109.58 514.95 Td (measures ) Tj ET Q
q 0 0 0 rg BT 153.62 514.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 187.14 514.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 242.27 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 255.40 514.95 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 311.68 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 331.81 514.95 Td (limited ) Tj ET Q
q 0 0 0 rg BT 366.52 514.95 Td (liability ) Tj ET Q
q 0 0 0 rg BT 404.15 514.95 Td (companies ) Tj ET Q
q 0 0 0 rg BT 454.01 514.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 474.72 514.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 490.19 514.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 508.57 514.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 533.35 514.95 Td (readily ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (determinable ) Tj ET Q
q 0 0 0 rg BT 107.68 502.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 125.63 502.35 Td (values ) Tj ET Q
q 0 0 0 rg BT 155.83 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 174.37 502.35 Td (do ) Tj ET Q
q 0 0 0 rg BT 188.24 502.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 205.03 502.35 Td (qualify ) Tj ET Q
q 0 0 0 rg BT 238.15 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 253.77 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 269.97 502.35 Td (NA) Tj ET Q
q 0 0 0 rg BT 283.78 502.35 Td (V) Tj ET Q
q 0 0 0 rg BT 291.18 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 294.55 502.35 Td (practical ) Tj ET Q
q 0 0 0 rg BT 334.07 502.35 Td (expedient ) Tj ET Q
q 0 0 0 rg BT 378.26 502.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 389.21 502.35 Td ("adjusted ) Tj ET Q
q 0 0 0 rg BT 431.87 502.35 Td (cost." ) Tj ET Q
q 0 0 0 rg BT 459.07 502.35 Td (Under ) Tj ET Q
q 0 0 0 rg BT 488.68 502.35 Td (this ) Tj ET Q
q 0 0 0 rg BT 507.23 502.35 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 545.60 502.35 Td (cost ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (method, ) Tj ET Q
q 0 0 0 rg BT 87.18 489.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 140.91 489.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 157.29 489.75 Td (initially ) Tj ET Q
q 0 0 0 rg BT 193.52 489.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 233.80 489.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 244.94 489.75 Td (cost, ) Tj ET Q
q 0 0 0 rg BT 268.04 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 286.77 489.75 Td (subsequently ) Tj ET Q
q 0 0 0 rg BT 345.16 489.75 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 383.71 489.75 Td (\(increased ) Tj ET Q
q 0 0 0 rg BT 430.42 489.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 442.72 489.75 Td (decreased\) ) Tj ET Q
q 0 0 0 rg BT 491.17 489.75 Td (when ) Tj ET Q
q 0 0 0 rg BT 517.47 489.75 Td (there ) Tj ET Q
q 0 0 0 rg BT 542.02 489.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 552.59 489.75 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (observable ) Tj ET Q
q 0 0 0 rg BT 96.58 477.15 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 144.25 477.15 Td (involving ) Tj ET Q
q 0 0 0 rg BT 186.11 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.54 477.15 Td (same ) Tj ET Q
q 0 0 0 rg BT 223.72 477.15 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 278.11 477.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 288.46 477.15 Td (similar ) Tj ET Q
q 0 0 0 rg BT 319.22 477.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 370.99 477.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 393.00 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 407.43 477.15 Td (same ) Tj ET Q
q 0 0 0 rg BT 430.61 477.15 Td (issuer) Tj ET Q
q 0 0 0 rg BT 454.53 477.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 458.40 477.15 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 497.92 477.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 516.43 477.15 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 87.11 464.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 116.56 464.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 132.00 464.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 151.54 464.55 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 192.64 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 210.43 464.55 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 248.05 464.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 262.92 464.55 Td (impairment, ) Tj ET Q
q 0 0 0 rg BT 316.57 464.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 325.61 464.55 Td (any) Tj ET Q
q 0 0 0 rg BT 340.09 464.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (See ) Tj ET Q
q 0 0 0 rg BT 69.41 439.35 Td (Notes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 98.66 439.35 Td (3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 103.91 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 108.65 439.35 Td (and) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 123.81 439.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 128.56 439.35 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 139.06 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 143.81 439.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 160.80 439.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 207.54 439.35 Td (information ) Tj ET Q
q 0 0 0 rg BT 261.87 439.35 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 306.85 439.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 333.17 439.35 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 372.48 439.35 Td (seed ) Tj ET Q
q 0 0 0 rg BT 395.89 439.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 428.62 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.53 439.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 474.85 439.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 529.76 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.67 439.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (determination ) Tj ET Q
q 0 0 0 rg BT 110.44 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 121.81 426.75 Td (whether ) Tj ET Q
q 0 0 0 rg BT 158.26 426.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 211.04 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 221.84 426.75 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 271.11 426.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 292.98 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 310.77 426.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 334.97 426.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 383.67 426.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 422.45 426.75 Td (represent ) Tj ET Q
q 0 0 0 rg BT 463.37 426.75 Td (VIEs, ) Tj ET Q
q 0 0 0 rg BT 490.20 426.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 540.25 426.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 404.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.76 404.15 Td (addition ) Tj ET Q
q 0 0 0 rg BT 99.69 404.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 111.37 404.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 127.71 404.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 167.95 404.15 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 220.47 404.15 Td (described ) Tj ET Q
q 0 0 0 rg BT 264.21 404.15 Td (above ) Tj ET Q
q 0 0 0 rg BT 292.80 404.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 311.47 404.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 327.81 404.15 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 373.30 404.15 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 425.82 404.15 Td (described ) Tj ET Q
q 0 0 0 rg BT 469.56 404.15 Td (below) Tj ET Q
q 0 0 0 rg BT 494.54 404.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 500.68 404.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 525.77 404.15 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 391.55 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 100.43 391.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 118.10 391.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 132.84 391.55 Td (carried ) Tj ET Q
q 0 0 0 rg BT 163.91 391.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 173.41 391.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 189.91 391.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 214.57 391.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 225.24 391.55 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 262.75 391.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 280.42 391.55 Td (approximate ) Tj ET Q
q 0 0 0 rg BT 334.83 391.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 351.32 391.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 375.99 391.55 Td (include ) Tj ET Q
q 0 0 0 rg BT 408.82 391.55 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 431.75 391.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.83 391.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 469.41 391.55 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 519.16 391.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 536.25 391.55 Td (Short-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 378.95 Td (term ) Tj ET Q
q 0 0 0 rg BT 71.85 378.95 Td (borrowings. ) Tj ET Q
q 0 0 0 rg BT 125.41 378.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 128.29 378.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 147.72 378.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 165.40 378.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 191.24 378.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 203.09 378.95 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 247.60 378.95 Td (debt ) Tj ET Q
q 0 0 0 rg BT 268.79 378.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 279.47 378.95 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 325.73 378.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 349.84 378.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 368.10 378.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 394.83 378.95 Td (aggregated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 444.00 378.95 Td ($1,970,949) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 491.25 378.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 494.35 378.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 512.62 378.95 Td ($2,270,964) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.87 378.95 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 366.35 Td (respectively) Tj ET Q
q 0 0 0 rg BT 99.55 366.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 104.41 366.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 106.48 366.35 Td (These ) Tj ET Q
q 0 0 0 rg BT 133.79 366.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 150.60 366.35 Td (values ) Tj ET Q
q 0 0 0 rg BT 179.66 366.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 202.30 366.35 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 244.77 366.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 269.77 366.35 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 306.42 366.35 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 337.23 366.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 368.62 366.35 Td (prices ) Tj ET Q
q 0 0 0 rg BT 395.93 366.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 413.33 366.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 435.96 366.35 Td (classified ) Tj ET Q
q 0 0 0 rg BT 477.85 366.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 488.84 366.35 Td (Level ) Tj ET Q
q 0 0 0 rg BT 514.98 366.35 Td (2 ) Tj ET Q
q 0 0 0 rg BT 522.46 366.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 532.87 366.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 547.93 366.35 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 353.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.86 353.75 Td (hierarchy) Tj ET Q
q 0 0 0 rg BT 113.82 353.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 119.07 353.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 130.45 353.75 Td (described ) Tj ET Q
q 0 0 0 rg BT 173.30 353.75 Td (below) Tj ET Q
q 0 0 0 rg BT 198.28 353.75 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 328.55 Td (Derivative ) Tj ET Q
q 0 0 0 rg BT 98.77 328.55 Td (Instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 315.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.74 315.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 84.23 315.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 112.98 315.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 123.64 315.95 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 167.54 315.95 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 218.46 315.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 233.20 315.95 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 271.84 315.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 282.51 315.95 Td (Other ) Tj ET Q
q 0 0 0 rg BT 308.34 315.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 334.75 315.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 345.42 315.95 Td (Other ) Tj ET Q
q 0 0 0 rg BT 371.25 315.95 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 412.24 315.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 424.66 315.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 439.41 315.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 496.74 315.95 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 532.48 315.95 Td (Sheets. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 303.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.71 303.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 104.92 303.35 Td (uses ) Tj ET Q
q 0 0 0 rg BT 125.63 303.35 Td (futures ) Tj ET Q
q 0 0 0 rg BT 157.42 303.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 197.95 303.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 211.08 303.35 Td (index ) Tj ET Q
q 0 0 0 rg BT 237.04 303.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 263.00 303.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 273.80 303.35 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 301.50 303.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 316.96 303.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 348.74 303.35 Td (risk ) Tj ET Q
q 0 0 0 rg BT 367.13 303.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.50 303.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 409.70 303.35 Td (seed ) Tj ET Q
q 0 0 0 rg BT 430.98 303.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 461.60 303.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 514.39 303.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 532.18 303.35 Td (foreign ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 290.75 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 91.74 290.75 Td (forwards ) Tj ET Q
q 0 0 0 rg BT 131.67 290.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 142.44 290.75 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 170.11 290.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 185.54 290.75 Td (risk ) Tj ET Q
q 0 0 0 rg BT 203.89 290.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 215.24 290.75 Td (movement ) Tj ET Q
q 0 0 0 rg BT 262.17 290.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 272.94 290.75 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 315.18 290.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 337.60 290.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 350.71 290.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 381.87 290.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 408.97 290.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 426.73 290.75 Td (liabilities. ) Tj ET Q
q 0 0 0 rg BT 471.04 290.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 473.64 290.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 497.82 290.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 529.01 290.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 545.61 290.75 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 278.15 Td (entered ) Tj ET Q
q 0 0 0 rg BT 84.55 278.15 Td (into ) Tj ET Q
q 0 0 0 rg BT 105.03 278.15 Td (various ) Tj ET Q
q 0 0 0 rg BT 140.09 278.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 162.90 278.15 Td (return ) Tj ET Q
q 0 0 0 rg BT 192.12 278.15 Td (swap ) Tj ET Q
q 0 0 0 rg BT 217.85 278.15 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 278.56 278.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 301.38 278.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 342.26 278.15 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 406.47 278.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 429.28 278.15 Td (respect ) Tj ET Q
q 0 0 0 rg BT 463.17 278.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 475.48 278.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 508.20 278.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.92 278.15 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 265.55 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 95.36 265.55 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 121.39 265.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 150.32 265.55 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 186.84 265.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 198.28 265.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 251.72 265.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 263.17 265.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 279.27 265.55 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 305.30 265.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 319.08 265.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 335.18 265.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 375.19 265.55 Td (intermediaries. ) Tj ET Q
q 0 0 0 rg BT 441.15 265.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 444.43 265.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 456.45 265.55 Td (connection ) Tj ET Q
q 0 0 0 rg BT 505.80 265.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 527.74 265.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 543.84 265.55 Td (total ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 252.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 77.41 252.95 Td (swap ) Tj ET Q
q 0 0 0 rg BT 101.83 252.95 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 163.85 252.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 188.26 252.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 219.69 252.95 Td (executed ) Tj ET Q
q 0 0 0 rg BT 259.83 252.95 Td (futures ) Tj ET Q
q 0 0 0 rg BT 291.83 252.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 332.57 252.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 343.58 252.95 Td (partially ) Tj ET Q
q 0 0 0 rg BT 381.40 252.95 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 409.31 252.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.98 252.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 456.38 252.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 488.37 252.95 Td (risk. ) Tj ET Q
q 0 0 0 rg BT 509.59 252.95 Td (On ) Tj ET Q
q 0 0 0 rg BT 525.26 252.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 532.76 252.95 Td (limited ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 240.35 Td (basis, ) Tj ET Q
q 0 0 0 rg BT 76.28 240.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 101.01 240.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 132.75 240.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 149.90 240.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 169.97 240.35 Td (used ) Tj ET Q
q 0 0 0 rg BT 192.37 240.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 226.43 240.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 245.32 240.35 Td (swaps ) Tj ET Q
q 0 0 0 rg BT 274.14 240.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 285.46 240.35 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 313.69 240.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 329.67 240.35 Td (risks ) Tj ET Q
q 0 0 0 rg BT 352.66 240.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 364.56 240.35 Td (movement ) Tj ET Q
q 0 0 0 rg BT 412.04 240.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 423.36 240.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 457.42 240.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 480.40 240.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 494.05 240.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 525.77 240.35 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 227.75 Td (liabilities.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 202.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.56 202.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 106.64 202.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 124.12 202.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 141.03 202.55 Td (designated ) Tj ET Q
q 0 0 0 rg BT 189.42 202.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 208.07 202.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 248.29 202.55 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 300.78 202.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 316.51 202.55 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 345.07 202.55 Td (accounting, ) Tj ET Q
q 0 0 0 rg BT 397.25 202.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 409.49 202.55 Td (defined ) Tj ET Q
q 0 0 0 rg BT 444.46 202.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 456.12 202.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.43 202.55 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 521.99 202.55 Td (literature, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 189.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 78.84 189.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.59 189.95 Td (periods ) Tj ET Q
q 0 0 0 rg BT 126.43 189.95 Td (presented. ) Tj ET Q
q 0 0 0 rg BT 171.21 189.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 173.00 189.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 191.25 189.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 215.34 189.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 226.01 189.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 253.02 189.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 265.45 189.95 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 309.35 189.95 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 360.28 189.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 375.62 189.95 Td (designated ) Tj ET Q
q 0 0 0 rg BT 422.45 189.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 436.62 189.95 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 463.62 189.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 511.61 189.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 526.35 189.95 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 177.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 59.80 177.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 85.27 177.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 126.48 177.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 158.94 177.35 Td (\(expense\) ) Tj ET Q
q 0 0 0 rg BT 201.31 177.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 211.61 177.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 237.08 177.35 Td (non-operating ) Tj ET Q
q 0 0 0 rg BT 297.54 177.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 330.00 177.35 Td (\(expense\), ) Tj ET Q
q 0 0 0 rg BT 374.99 177.35 Td (net, ) Tj ET Q
q 0 0 0 rg BT 392.00 177.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 401.73 177.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 416.11 177.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 473.08 177.35 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 520.72 177.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 531.02 177.35 Td (Income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 164.75 Td (\(Loss\), ) Tj ET Q
q 0 0 0 rg BT 81.58 164.75 Td (depending ) Tj ET Q
q 0 0 0 rg BT 127.94 164.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 141.07 164.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.52 164.75 Td (strategy) Tj ET Q
q 0 0 0 rg BT 189.08 164.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 194.33 164.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 196.95 164.75 Td (See ) Tj ET Q
q 0 0 0 rg BT 214.74 164.75 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.78 164.75 Td (17) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 248.28 164.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 250.90 164.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 265.77 164.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 310.39 164.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 362.58 164.75 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 405.44 164.75 Td (derivatives ) Tj ET Q
q 0 0 0 rg BT 454.13 164.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 471.92 164.75 Td (hedging.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 139.55 Td (Fair) Tj ET Q
q 0 0 0 rg BT 68.55 139.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 70.99 139.55 Td (V) Tj ET Q
q 0 0 0 rg BT 77.61 139.55 Td (alue ) Tj ET Q
q 0 0 0 rg BT 98.90 139.55 Td (Measur) Tj ET Q
q 0 0 0 rg BT 133.12 139.55 Td (ements) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 126.95 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 101.09 126.95 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 141.58 126.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 156.43 126.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 173.60 126.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 198.93 126.95 Td (measurements ) Tj ET Q
q 0 0 0 rg BT 261.60 126.95 Td (defines ) Tj ET Q
q 0 0 0 rg BT 294.52 126.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 311.68 126.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 337.02 126.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 354.78 126.95 Td (establishes ) Tj ET Q
q 0 0 0 rg BT 402.87 126.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 410.13 126.95 Td (framework ) Tj ET Q
q 0 0 0 rg BT 458.79 126.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 473.63 126.95 Td (measuring ) Tj ET Q
q 0 0 0 rg BT 519.97 126.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 537.14 126.95 Td (value. ) Tj ET Q
q 0 0 0 rg BT 565.13 126.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 114.35 Td (Fair ) Tj ET Q
q 0 0 0 rg BT 69.02 114.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 94.37 114.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 103.98 114.35 Td (defined ) Tj ET Q
q 0 0 0 rg BT 138.07 114.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 149.42 114.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 164.85 114.35 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 207.10 114.35 Td (price ) Tj ET Q
q 0 0 0 rg BT 230.69 114.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 249.04 114.35 Td (would ) Tj ET Q
q 0 0 0 rg BT 277.90 114.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 290.42 114.35 Td (received ) Tj ET Q
q 0 0 0 rg BT 328.58 114.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 343.43 114.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 355.95 114.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 378.96 114.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 390.32 114.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 411.00 114.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 421.77 114.35 Td (transfer ) Tj ET Q
q 0 0 0 rg BT 456.44 114.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 463.71 114.35 Td (liability ) Tj ET Q
q 0 0 0 rg BT 498.98 114.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 509.76 114.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.19 114.35 Td (principal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 101.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 59.57 101.75 Td (most ) Tj ET Q
q 0 0 0 rg BT 81.31 101.75 Td (advantageous ) Tj ET Q
q 0 0 0 rg BT 139.77 101.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 170.24 101.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 183.80 101.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.95 101.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 219.68 101.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 229.75 101.75 Td (liability ) Tj ET Q
q 0 0 0 rg BT 263.73 101.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 273.22 101.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 284.45 101.75 Td (orderly ) Tj ET Q
q 0 0 0 rg BT 316.09 101.75 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 363.47 101.75 Td (between ) Tj ET Q
q 0 0 0 rg BT 399.78 101.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 430.25 101.75 Td (participants ) Tj ET Q
q 0 0 0 rg BT 480.55 101.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 492.37 101.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 506.52 101.75 Td (measurement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 89.15 Td (date. ) Tj ET Q
q 0 0 0 rg BT 72.52 89.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 75.43 89.15 Td (Under ) Tj ET Q
q 0 0 0 rg BT 104.58 89.15 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 153.55 89.15 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 196.98 89.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 204.55 89.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 222.03 89.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 247.67 89.15 Td (measurement ) Tj ET Q
q 0 0 0 rg BT 306.56 89.15 Td (should ) Tj ET Q
q 0 0 0 rg BT 337.47 89.15 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 367.19 89.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 380.59 89.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 392.24 89.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 407.98 89.15 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 462.81 89.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 481.46 89.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 513.52 89.15 Td (participants ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 76.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 78.24 76.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 94.72 76.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 105.38 76.55 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 137.61 76.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.92 76.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 175.82 76.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 187.06 76.55 Td (liability) Tj ET Q
q 0 0 0 rg BT 219.04 76.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 224.15 76.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 266.31 76.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 320.72 76.55 Td (about ) Tj ET Q
q 0 0 0 rg BT 346.53 76.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.85 76.55 Td (risk ) Tj ET Q
q 0 0 0 rg BT 380.09 76.55 Td (inherent ) Tj ET Q
q 0 0 0 rg BT 416.98 76.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 427.63 76.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 434.78 76.55 Td (particular ) Tj ET Q
q 0 0 0 rg BT 477.50 76.55 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 519.06 76.55 Td (technique, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 63.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 63.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 72.92 63.95 Td (fect ) Tj ET Q
q 0 0 0 rg BT 91.28 63.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 102.65 63.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 109.94 63.95 Td (restriction ) Tj ET Q
q 0 0 0 rg BT 155.13 63.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 168.26 63.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.71 63.95 Td (sale ) Tj ET Q
q 0 0 0 rg BT 202.66 63.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 214.03 63.95 Td (use ) Tj ET Q
q 0 0 0 rg BT 230.66 63.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 242.03 63.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 254.56 63.95 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 280.23 63.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.01 63.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 313.46 63.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 331.84 63.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 343.21 63.95 Td (non-performance.) Tj ET Q
endstream
endobj
203 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 204 0 R>>
endobj
204 0 obj
<</Length 39284>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.75 31.25 Td (99) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.15 741.75 Td (objective ) Tj ET Q
q 0 0 0 rg BT 108.96 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 120.03 741.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 136.93 741.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 162.00 741.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 210.39 741.75 Td (measurements ) Tj ET Q
q 0 0 0 rg BT 272.78 741.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 282.11 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 292.60 741.75 Td (reflect, ) Tj ET Q
q 0 0 0 rg BT 324.37 741.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 334.27 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 349.42 741.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 369.24 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 380.31 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 395.47 741.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 434.52 741.75 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 483.80 741.75 Td (how ) Tj ET Q
q 0 0 0 rg BT 504.21 741.75 Td (much ) Tj ET Q
q 0 0 0 rg BT 529.86 741.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 542.10 741.75 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (would ) Tj ET Q
q 0 0 0 rg BT 77.69 729.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 89.54 729.15 Td (sold ) Tj ET Q
q 0 0 0 rg BT 108.99 729.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 123.17 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 133.28 729.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 145.13 729.15 Td (orderly ) Tj ET Q
q 0 0 0 rg BT 177.39 729.15 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 225.40 729.15 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 239.58 729.15 Td (opposed ) Tj ET Q
q 0 0 0 rg BT 276.52 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 286.63 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 293.23 729.15 Td (distressed ) Tj ET Q
q 0 0 0 rg BT 336.58 729.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 347.27 729.15 Td (forced ) Tj ET Q
q 0 0 0 rg BT 376.02 729.15 Td (transaction\) ) Tj ET Q
q 0 0 0 rg BT 427.53 729.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 453.38 729.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 485.05 729.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 516.14 729.15 Td (conditions. ) Tj ET Q
q 0 0 0 rg BT 565.14 729.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (Specifically) Tj ET Q
q 0 0 0 rg BT 98.97 716.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 103.94 716.55 Td (it ) Tj ET Q
q 0 0 0 rg BT 112.12 716.55 Td (requires ) Tj ET Q
q 0 0 0 rg BT 148.28 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.46 716.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 179.80 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.89 716.55 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 232.90 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 243.41 716.55 Td (ascertain ) Tj ET Q
q 0 0 0 rg BT 283.07 716.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 291.83 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 298.84 716.55 Td (formerly ) Tj ET Q
q 0 0 0 rg BT 337.92 716.55 Td (active ) Tj ET Q
q 0 0 0 rg BT 365.33 716.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 396.83 716.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 413.17 716.55 Td (become ) Tj ET Q
q 0 0 0 rg BT 448.17 716.55 Td (inactive ) Tj ET Q
q 0 0 0 rg BT 483.75 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 501.25 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 511.77 716.55 Td (determining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 67.60 703.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 97.95 703.95 Td (when ) Tj ET Q
q 0 0 0 rg BT 124.22 703.95 Td (markets ) Tj ET Q
q 0 0 0 rg BT 160.98 703.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 184.33 703.95 Td (become ) Tj ET Q
q 0 0 0 rg BT 220.51 703.95 Td (inactive. ) Tj ET Q
q 0 0 0 rg BT 259.64 703.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 279.49 703.95 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 320.91 703.95 Td (also ) Tj ET Q
q 0 0 0 rg BT 341.35 703.95 Td (requires ) Tj ET Q
q 0 0 0 rg BT 378.70 703.95 Td (timely ) Tj ET Q
q 0 0 0 rg BT 409.05 703.95 Td (disclosures ) Tj ET Q
q 0 0 0 rg BT 459.24 703.95 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 503.00 703.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 543.83 703.95 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 78.08 691.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 104.61 691.35 Td (losses, ) Tj ET Q
q 0 0 0 rg BT 134.95 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 152.73 691.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 165.27 691.35 Td (aging ) Tj ET Q
q 0 0 0 rg BT 191.22 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.59 691.35 Td (securities ) Tj ET Q
q 0 0 0 rg BT 244.87 691.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 266.17 691.35 Td (unrealized ) Tj ET Q
q 0 0 0 rg BT 312.52 691.35 Td (losses.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (Fair ) Tj ET Q
q 0 0 0 rg BT 68.02 666.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 92.36 666.15 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 140.03 666.15 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 179.53 666.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 198.04 666.15 Td (establishes ) Tj ET Q
q 0 0 0 rg BT 245.14 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 251.40 666.15 Td (hierarchy ) Tj ET Q
q 0 0 0 rg BT 292.65 666.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 310.00 666.15 Td (prioritizes ) Tj ET Q
q 0 0 0 rg BT 354.17 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 368.60 666.15 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 395.87 666.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 409.72 666.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 450.39 666.15 Td (techniques ) Tj ET Q
q 0 0 0 rg BT 496.90 666.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 517.75 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 527.52 666.15 Td (measure ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 65.69 653.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 92.68 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 94.19 653.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 112.13 653.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 128.33 653.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 152.69 653.55 Td (hierarchy ) Tj ET Q
q 0 0 0 rg BT 193.95 653.55 Td (gives ) Tj ET Q
q 0 0 0 rg BT 217.74 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 232.19 653.55 Td (highest ) Tj ET Q
q 0 0 0 rg BT 264.15 653.55 Td (priority ) Tj ET Q
q 0 0 0 rg BT 297.26 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 307.05 653.55 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 337.25 653.55 Td (prices ) Tj ET Q
q 0 0 0 rg BT 363.95 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 373.74 653.55 Td (active ) Tj ET Q
q 0 0 0 rg BT 400.43 653.55 Td (markets ) Tj ET Q
q 0 0 0 rg BT 435.29 653.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 449.16 653.55 Td (identical ) Tj ET Q
q 0 0 0 rg BT 486.93 653.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 513.05 653.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 523.42 653.55 Td (liabilities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.74 640.95 Td (lowest ) Tj ET Q
q 0 0 0 rg BT 112.78 640.95 Td (priority ) Tj ET Q
q 0 0 0 rg BT 146.90 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 157.69 640.95 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 216.30 640.95 Td (inputs.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.80 615.75 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 111.09 615.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 150.55 615.75 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 202.28 615.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 217.83 615.75 Td (measured ) Tj ET Q
q 0 0 0 rg BT 260.79 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 278.68 615.75 Td (reported ) Tj ET Q
q 0 0 0 rg BT 316.39 615.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 326.70 615.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 344.00 615.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 369.47 615.75 Td (\(except ) Tj ET Q
q 0 0 0 rg BT 403.09 615.75 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 447.23 615.75 Td (debt\) ) Tj ET Q
q 0 0 0 rg BT 471.53 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 489.42 615.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 504.97 615.75 Td (classified ) Tj ET Q
q 0 0 0 rg BT 547.35 615.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (disclosed ) Tj ET Q
q 0 0 0 rg BT 91.20 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 102.00 603.15 Td (one ) Tj ET Q
q 0 0 0 rg BT 119.78 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.15 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.61 603.15 Td (following ) Tj ET Q
q 0 0 0 rg BT 190.06 603.15 Td (categories:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 577.95 Td (Level�1�- ) Tj ET Q
q 0 0 0 rg BT 126.96 577.95 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 169.58 577.95 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 222.14 577.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 237.94 577.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 267.16 577.95 Td (prices ) Tj ET Q
q 0 0 0 rg BT 295.78 577.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 312.16 577.95 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 344.29 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 356.01 577.95 Td (active ) Tj ET Q
q 0 0 0 rg BT 384.64 577.95 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 424.06 577.95 Td (which, ) Tj ET Q
q 0 0 0 rg BT 455.90 577.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 471.70 577.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 496.83 577.95 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 531.59 577.95 Td (include ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 565.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 137.74 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 147.98 565.35 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 184.47 565.35 Td (traded ) Tj ET Q
q 0 0 0 rg BT 212.78 565.35 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 244.02 565.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 269.43 565.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 290.17 565.35 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 320.82 565.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 352.05 565.35 Td (prices, ) Tj ET Q
q 0 0 0 rg BT 381.82 565.35 Td (equities ) Tj ET Q
q 0 0 0 rg BT 416.56 565.35 Td (listed ) Tj ET Q
q 0 0 0 rg BT 441.38 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 451.63 565.35 Td (active ) Tj ET Q
q 0 0 0 rg BT 478.77 565.35 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 516.71 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 533.94 565.35 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 552.75 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 130.11 552.75 Td (instruments.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 527.55 Td (Level�2�- ) Tj ET Q
q 0 0 0 rg BT 125.42 527.55 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 166.52 527.55 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 217.54 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 231.80 527.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 259.49 527.55 Td (prices ) Tj ET Q
q 0 0 0 rg BT 286.58 527.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 301.42 527.55 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 332.02 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 346.28 527.55 Td (similar ) Tj ET Q
q 0 0 0 rg BT 377.47 527.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 403.99 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 421.17 527.55 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 462.27 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 472.46 527.55 Td (active ) Tj ET Q
q 0 0 0 rg BT 499.55 527.55 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 537.43 527.55 Td (prices ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 514.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 101.27 514.95 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 132.79 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 147.98 514.95 Td (identical ) Tj ET Q
q 0 0 0 rg BT 187.08 514.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 198.78 514.95 Td (similar ) Tj ET Q
q 0 0 0 rg BT 230.89 514.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 258.34 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 269.45 514.95 Td (inactive ) Tj ET Q
q 0 0 0 rg BT 305.64 514.95 Td (markets, ) Tj ET Q
q 0 0 0 rg BT 344.45 514.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 356.14 514.95 Td (prices ) Tj ET Q
q 0 0 0 rg BT 384.16 514.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 399.93 514.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 426.78 514.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 440.23 514.95 Td (observable ) Tj ET Q
q 0 0 0 rg BT 488.66 514.95 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 519.91 514.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 544.43 514.95 Td (than ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 502.35 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 117.41 502.35 Td (prices, ) Tj ET Q
q 0 0 0 rg BT 148.44 502.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 171.02 502.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 183.09 502.35 Td (models ) Tj ET Q
q 0 0 0 rg BT 216.76 502.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 228.83 502.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 253.74 502.35 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 296.14 502.35 Td (methodologies. ) Tj ET Q
q 0 0 0 rg BT 363.93 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.26 502.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 385.18 502.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 410.08 502.35 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 444.62 502.35 Td (this ) Tj ET Q
q 0 0 0 rg BT 463.12 502.35 Td (category ) Tj ET Q
q 0 0 0 rg BT 502.60 502.35 Td (includes ) Tj ET Q
q 0 0 0 rg BT 540.93 502.35 Td (fixed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 489.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 119.03 489.75 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 163.94 489.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 195.12 489.75 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 244.39 489.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 266.27 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 284.05 489.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 308.25 489.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 356.95 489.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 395.74 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 413.53 489.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 444.71 489.75 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 488.75 489.75 Td (debt.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 464.55 Td (Level�3�- ) Tj ET Q
q 0 0 0 rg BT 125.67 464.55 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 167.02 464.55 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 218.29 464.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 232.81 464.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 260.74 464.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 289.84 464.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 304.93 464.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 331.11 464.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 343.88 464.55 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 402.14 464.55 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 432.70 464.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 474.64 464.55 Td (those ) Tj ET Q
q 0 0 0 rg BT 499.08 464.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 513.59 464.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 541.53 464.55 Td (there ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 451.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 94.89 451.95 Td (little ) Tj ET Q
q 0 0 0 rg BT 116.52 451.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 127.65 451.95 Td (no ) Tj ET Q
q 0 0 0 rg BT 140.54 451.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 172.08 451.95 Td (activity) Tj ET Q
q 0 0 0 rg BT 202.89 451.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 207.90 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 210.28 451.95 Td (For ) Tj ET Q
q 0 0 0 rg BT 227.25 451.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 251.21 451.95 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 284.81 451.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 302.36 451.95 Td (category ) Tj ET Q
q 0 0 0 rg BT 340.90 451.95 Td (includes ) Tj ET Q
q 0 0 0 rg BT 378.27 451.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 430.82 451.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 441.38 451.95 Td (partnerships, ) Tj ET Q
q 0 0 0 rg BT 497.71 451.95 Td (limited ) Tj ET Q
q 0 0 0 rg BT 529.84 451.95 Td (liability ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 439.35 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 134.62 439.35 Td (private ) Tj ET Q
q 0 0 0 rg BT 165.36 439.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 193.20 439.35 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 220.75 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 237.50 439.35 Td (real ) Tj ET Q
q 0 0 0 rg BT 254.83 439.35 Td (estate ) Tj ET Q
q 0 0 0 rg BT 280.33 439.35 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 307.88 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 309.35 439.35 Td (This ) Tj ET Q
q 0 0 0 rg BT 329.61 439.35 Td (category ) Tj ET Q
q 0 0 0 rg BT 367.35 439.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 387.02 439.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 405.53 439.35 Td (include ) Tj ET Q
q 0 0 0 rg BT 438.03 439.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 468.18 439.35 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 516.42 439.35 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 426.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 124.29 426.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 145.58 426.75 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 196.02 426.75 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 245.31 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 263.09 426.75 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 310.04 426.75 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 369.23 426.75 Td (liabilities, ) Tj ET Q
q 0 0 0 rg BT 413.56 426.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 422.60 426.75 Td (any) Tj ET Q
q 0 0 0 rg BT 437.08 426.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.91 401.55 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 111.07 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 122.91 401.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 135.91 401.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 159.41 401.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 171.24 401.55 Td (liability ) Tj ET Q
q 0 0 0 rg BT 206.99 401.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 228.16 401.55 Td (involve ) Tj ET Q
q 0 0 0 rg BT 262.74 401.55 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 291.50 401.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 315.00 401.55 Td (more ) Tj ET Q
q 0 0 0 rg BT 339.66 401.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 360.83 401.55 Td (one ) Tj ET Q
q 0 0 0 rg BT 379.08 401.55 Td (level ) Tj ET Q
q 0 0 0 rg BT 402.57 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 414.41 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 430.32 401.55 Td (hierarchy) Tj ET Q
q 0 0 0 rg BT 469.28 401.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 475.00 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 477.86 401.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 497.27 401.55 Td (level ) Tj ET Q
q 0 0 0 rg BT 520.77 401.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 532.02 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 547.94 401.55 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.95 388.95 Td (hierarchy ) Tj ET Q
q 0 0 0 rg BT 117.31 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 128.19 388.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 156.56 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 163.94 388.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 181.22 388.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 206.67 388.95 Td (measurement ) Tj ET Q
q 0 0 0 rg BT 265.37 388.95 Td (falls ) Tj ET Q
q 0 0 0 rg BT 286.16 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 297.04 388.95 Td (its ) Tj ET Q
q 0 0 0 rg BT 309.67 388.95 Td (entirety ) Tj ET Q
q 0 0 0 rg BT 344.46 388.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 354.17 388.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 404.12 388.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 430.74 388.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 443.95 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.49 388.95 Td (lowest ) Tj ET Q
q 0 0 0 rg BT 489.62 388.95 Td (level ) Tj ET Q
q 0 0 0 rg BT 512.74 388.95 Td (input ) Tj ET Q
q 0 0 0 rg BT 537.04 388.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 555.50 388.95 Td (is ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 96.45 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 107.24 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.69 376.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 139.89 376.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 165.25 376.35 Td (measurement ) Tj ET Q
q 0 0 0 rg BT 223.86 376.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 234.65 376.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 247.20 376.35 Td (entirety) Tj ET Q
q 0 0 0 rg BT 278.59 376.35 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 84.02 351.15 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 134.28 351.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 157.14 351.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 196.91 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 215.69 351.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 269.46 351.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 291.16 351.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 305.27 351.15 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 331.05 351.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 347.48 351.15 Td (valued ) Tj ET Q
q 0 0 0 rg BT 379.08 351.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 390.28 351.15 Td (NA) Tj ET Q
q 0 0 0 rg BT 404.09 351.15 Td (V) Tj ET Q
q 0 0 0 rg BT 411.48 351.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 415.10 351.15 Td (determined ) Tj ET Q
q 0 0 0 rg BT 465.94 351.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 480.05 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.49 351.15 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 543.25 351.15 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (administrator) Tj ET Q
q 0 0 0 rg BT 104.91 338.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 110.94 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 114.11 338.55 Td (These ) Tj ET Q
q 0 0 0 rg BT 142.59 338.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 169.33 338.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 185.56 338.55 Td (typically ) Tj ET Q
q 0 0 0 rg BT 225.71 338.55 Td (invested ) Tj ET Q
q 0 0 0 rg BT 264.11 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 275.69 338.55 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 318.74 338.55 Td (traded ) Tj ET Q
q 0 0 0 rg BT 348.39 338.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 401.96 338.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 424.04 338.55 Td (observable ) Tj ET Q
q 0 0 0 rg BT 472.93 338.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 505.49 338.55 Td (prices. ) Tj ET Q
q 0 0 0 rg BT 536.60 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 539.76 338.55 Td (Their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (valuations ) Tj ET Q
q 0 0 0 rg BT 95.46 325.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 116.34 325.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 129.05 325.95 Td (classified ) Tj ET Q
q 0 0 0 rg BT 171.51 325.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 183.06 325.95 Td (Level�1, ) Tj ET Q
q 0 0 0 rg BT 220.26 325.95 Td (Level�2, ) Tj ET Q
q 0 0 0 rg BT 257.47 325.95 Td (Level�3, ) Tj ET Q
q 0 0 0 rg BT 294.67 325.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 306.22 325.95 Td (NA) Tj ET Q
q 0 0 0 rg BT 320.03 325.95 Td (V) Tj ET Q
q 0 0 0 rg BT 327.43 325.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 330.23 325.95 Td (practical ) Tj ET Q
q 0 0 0 rg BT 369.17 325.95 Td (expedient ) Tj ET Q
q 0 0 0 rg BT 412.79 325.95 Td (\(further ) Tj ET Q
q 0 0 0 rg BT 447.66 325.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 490.71 325.95 Td (below\), ) Tj ET Q
q 0 0 0 rg BT 525.29 325.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 552.00 325.95 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (whether ) Tj ET Q
q 0 0 0 rg BT 87.43 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.37 313.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 127.73 313.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 138.85 313.35 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 182.60 313.35 Td (traded, ) Tj ET Q
q 0 0 0 rg BT 215.58 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 232.52 313.35 Td (frequency ) Tj ET Q
q 0 0 0 rg BT 278.61 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 291.46 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 308.41 313.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 341.08 313.35 Td (NA) Tj ET Q
q 0 0 0 rg BT 354.89 313.35 Td (V) Tj ET Q
q 0 0 0 rg BT 362.29 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 366.40 313.35 Td (determinations ) Tj ET Q
q 0 0 0 rg BT 432.92 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 452.19 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 469.13 313.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 501.82 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 514.68 313.35 Td (redemption ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (restrictions.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (Futures ) Tj ET Q
q 0 0 0 rg BT 83.65 275.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 124.19 275.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 139.66 275.55 Td (valued ) Tj ET Q
q 0 0 0 rg BT 170.29 275.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 180.51 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.99 275.55 Td (last ) Tj ET Q
q 0 0 0 rg BT 213.21 275.55 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 259.02 275.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 282.65 275.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 292.87 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 308.34 275.55 Td (end ) Tj ET Q
q 0 0 0 rg BT 326.15 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 337.54 275.55 Td (each ) Tj ET Q
q 0 0 0 rg BT 359.42 275.55 Td (day ) Tj ET Q
q 0 0 0 rg BT 377.23 275.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 390.37 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 405.84 275.55 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 448.13 275.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 471.78 275.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 500.08 275.55 Td (they ) Tj ET Q
q 0 0 0 rg BT 520.81 275.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 536.27 275.55 Td (traded ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 262.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 82.73 262.95 Td (classified ) Tj ET Q
q 0 0 0 rg BT 125.01 262.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 136.38 262.95 Td (Level�1.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.02 237.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 118.11 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 128.21 237.75 Td (illiquid ) Tj ET Q
q 0 0 0 rg BT 160.48 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 177.57 237.75 Td (privately-held ) Tj ET Q
q 0 0 0 rg BT 238.39 237.75 Td (securities ) Tj ET Q
q 0 0 0 rg BT 279.98 237.75 Td (\(private ) Tj ET Q
q 0 0 0 rg BT 314.56 237.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 342.73 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 359.82 237.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 407.83 237.75 Td (partnerships\) ) Tj ET Q
q 0 0 0 rg BT 464.58 237.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 478.75 237.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 506.34 237.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 537.43 237.75 Td (prices ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.49 225.15 Td (quotations ) Tj ET Q
q 0 0 0 rg BT 106.49 225.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 126.82 225.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 142.48 225.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 154.64 225.15 Td (readily ) Tj ET Q
q 0 0 0 rg BT 186.04 225.15 Td (available, ) Tj ET Q
q 0 0 0 rg BT 228.80 225.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 284.70 225.15 Td (must ) Tj ET Q
q 0 0 0 rg BT 307.37 225.15 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 344.60 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 359.68 225.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 384.66 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.66 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 410.73 225.15 Td (securities ) Tj ET Q
q 0 0 0 rg BT 452.63 225.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 477.63 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 484.54 225.15 Td (variety ) Tj ET Q
q 0 0 0 rg BT 515.94 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 526.93 225.15 Td (methods ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.93 212.55 Td (resources, ) Tj ET Q
q 0 0 0 rg BT 113.46 212.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 156.39 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 172.48 212.55 Td (most ) Tj ET Q
q 0 0 0 rg BT 196.17 212.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 229.17 212.55 Td (available ) Tj ET Q
q 0 0 0 rg BT 270.33 212.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 310.32 212.55 Td (information ) Tj ET Q
q 0 0 0 rg BT 363.16 212.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 378.67 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 394.76 212.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 444.10 212.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 462.53 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 478.62 212.55 Td (industry ) Tj ET Q
q 0 0 0 rg BT 516.30 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 527.74 212.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 556.66 212.55 Td (it ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (applies ) Tj ET Q
q 0 0 0 rg BT 81.01 199.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 90.94 199.95 Td (order ) Tj ET Q
q 0 0 0 rg BT 114.86 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 124.79 199.95 Td (determine ) Tj ET Q
q 0 0 0 rg BT 168.54 199.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 184.87 199.95 Td (value. ) Tj ET Q
q 0 0 0 rg BT 212.00 199.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 213.64 199.95 Td (These ) Tj ET Q
q 0 0 0 rg BT 240.48 199.95 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 281.32 199.95 Td (processes ) Tj ET Q
q 0 0 0 rg BT 323.32 199.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 337.33 199.95 Td (illiquid ) Tj ET Q
q 0 0 0 rg BT 369.43 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 386.36 199.95 Td (privately-held ) Tj ET Q
q 0 0 0 rg BT 447.02 199.95 Td (securities ) Tj ET Q
q 0 0 0 rg BT 488.44 199.95 Td (inherently ) Tj ET Q
q 0 0 0 rg BT 532.77 199.95 Td (require ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (management's ) Tj ET Q
q 0 0 0 rg BT 110.93 187.35 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 152.39 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 169.36 187.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 183.98 187.35 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 223.67 187.35 Td (classified ) Tj ET Q
q 0 0 0 rg BT 265.13 187.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 275.68 187.35 Td (Level�3. ) Tj ET Q
q 0 0 0 rg BT 311.88 187.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 335.26 187.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 365.65 187.35 Td (holds ) Tj ET Q
q 0 0 0 rg BT 390.21 187.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 442.17 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 452.14 187.35 Td (real ) Tj ET Q
q 0 0 0 rg BT 469.68 187.35 Td (estate ) Tj ET Q
q 0 0 0 rg BT 495.39 187.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 520.52 187.35 Td (structured ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.49 174.75 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 114.06 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 131.47 174.75 Td (limited ) Tj ET Q
q 0 0 0 rg BT 163.46 174.75 Td (liability ) Tj ET Q
q 0 0 0 rg BT 198.37 174.75 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 248.15 174.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 276.05 174.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 291.12 174.75 Td (classified ) Tj ET Q
q 0 0 0 rg BT 333.02 174.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 344.01 174.75 Td (Level ) Tj ET Q
q 0 0 0 rg BT 370.16 174.75 Td (3. ) Tj ET Q
q 0 0 0 rg BT 380.28 174.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 382.36 174.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 400.93 174.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 417.75 174.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 446.82 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 457.81 174.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 510.22 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 520.63 174.75 Td (real ) Tj ET Q
q 0 0 0 rg BT 538.61 174.75 Td (estate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 75.34 162.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 90.66 162.15 Td (prepared ) Tj ET Q
q 0 0 0 rg BT 129.89 162.15 Td (giving ) Tj ET Q
q 0 0 0 rg BT 159.23 162.15 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 218.30 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 228.97 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 244.30 162.15 Td (income, ) Tj ET Q
q 0 0 0 rg BT 280.34 162.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 299.76 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 317.42 162.15 Td (sales ) Tj ET Q
q 0 0 0 rg BT 340.34 162.15 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 391.83 162.15 Td (approaches ) Tj ET Q
q 0 0 0 rg BT 441.56 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 452.81 162.15 Td (estimating ) Tj ET Q
q 0 0 0 rg BT 499.06 162.15 Td (property ) Tj ET Q
q 0 0 0 rg BT 537.14 162.15 Td (value. ) Tj ET Q
q 0 0 0 rg BT 565.13 162.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.08 149.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 101.25 149.55 Td (approach ) Tj ET Q
q 0 0 0 rg BT 141.98 149.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 183.32 149.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 195.49 149.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 228.65 149.55 Td (stream ) Tj ET Q
q 0 0 0 rg BT 258.90 149.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 273.40 149.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 280.32 149.55 Td (property ) Tj ET Q
q 0 0 0 rg BT 318.15 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 335.57 149.55 Td (discounts ) Tj ET Q
q 0 0 0 rg BT 377.49 149.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 394.92 149.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 428.09 149.55 Td (plus ) Tj ET Q
q 0 0 0 rg BT 447.85 149.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 454.77 149.55 Td (reversion ) Tj ET Q
q 0 0 0 rg BT 496.10 149.55 Td (\(presumed ) Tj ET Q
q 0 0 0 rg BT 542.67 149.55 Td (sale\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 68.72 136.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 76.27 136.95 Td (present ) Tj ET Q
q 0 0 0 rg BT 109.48 136.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 135.10 136.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 145.57 136.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 153.12 136.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 171.75 136.95 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 209.63 136.95 Td (rate. ) Tj ET Q
q 0 0 0 rg BT 230.88 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 233.34 136.95 Td (Y) Tj ET Q
q 0 0 0 rg BT 240.34 136.95 Td (ield ) Tj ET Q
q 0 0 0 rg BT 258.97 136.95 Td (rates ) Tj ET Q
q 0 0 0 rg BT 281.68 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 299.73 136.95 Td (growth ) Tj ET Q
q 0 0 0 rg BT 332.36 136.95 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 387.17 136.95 Td (utilized ) Tj ET Q
q 0 0 0 rg BT 421.55 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 432.60 136.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 450.66 136.95 Td (approach ) Tj ET Q
q 0 0 0 rg BT 492.03 136.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 507.73 136.95 Td (derived ) Tj ET Q
q 0 0 0 rg BT 542.10 136.95 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 80.20 124.35 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 131.90 124.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 142.20 124.35 Td (well ) Tj ET Q
q 0 0 0 rg BT 161.83 124.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 172.12 124.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 195.24 124.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 233.52 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 250.23 124.35 Td (industry ) Tj ET Q
q 0 0 0 rg BT 286.20 124.35 Td (data. ) Tj ET Q
q 0 0 0 rg BT 307.75 124.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 325.62 124.35 Td (discount ) Tj ET Q
q 0 0 0 rg BT 362.75 124.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 380.04 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 396.75 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 411.12 124.35 Td (exit ) Tj ET Q
q 0 0 0 rg BT 428.42 124.35 Td (capitalization ) Tj ET Q
q 0 0 0 rg BT 486.52 124.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 503.81 124.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 518.17 124.35 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 77.15 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 87.29 111.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 110.84 111.75 Td (valuations. ) Tj ET Q
q 0 0 0 rg BT 158.45 111.75 Td (These ) Tj ET Q
q 0 0 0 rg BT 185.50 111.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 207.29 111.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 222.09 111.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 247.97 111.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 260.44 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.25 111.75 Td (location, ) Tj ET Q
q 0 0 0 rg BT 313.67 111.75 Td (type ) Tj ET Q
q 0 0 0 rg BT 333.72 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 350.85 111.75 Td (nature ) Tj ET Q
q 0 0 0 rg BT 379.06 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 389.79 111.75 Td (each ) Tj ET Q
q 0 0 0 rg BT 410.99 111.75 Td (property) Tj ET Q
q 0 0 0 rg BT 445.88 111.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 450.48 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.61 111.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 499.32 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 516.46 111.75 Td (anticipated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 80.77 99.15 Td (conditions. ) Tj ET Q
q 0 0 0 rg BT 129.27 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 131.24 99.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 149.68 99.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 168.72 99.15 Td (approach ) Tj ET Q
q 0 0 0 rg BT 209.32 99.15 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 250.51 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 265.46 99.15 Td (replacement ) Tj ET Q
q 0 0 0 rg BT 318.89 99.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 337.92 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 348.79 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.74 99.15 Td (building ) Tj ET Q
q 0 0 0 rg BT 400.86 99.15 Td (less ) Tj ET Q
q 0 0 0 rg BT 418.74 99.15 Td (physical ) Tj ET Q
q 0 0 0 rg BT 455.85 99.15 Td (depreciation ) Tj ET Q
q 0 0 0 rg BT 509.86 99.15 Td (plus ) Tj ET Q
q 0 0 0 rg BT 529.49 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 544.44 99.15 Td (land ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 77.91 86.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 80.73 86.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 100.09 86.55 Td (sales ) Tj ET Q
q 0 0 0 rg BT 123.55 86.55 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 175.58 86.55 Td (approach ) Tj ET Q
q 0 0 0 rg BT 217.10 86.55 Td (compares ) Tj ET Q
q 0 0 0 rg BT 260.37 86.55 Td (recent ) Tj ET Q
q 0 0 0 rg BT 289.06 86.55 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 342.25 86.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 353.46 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.33 86.55 Td (appraised ) Tj ET Q
q 0 0 0 rg BT 412.61 86.55 Td (property) Tj ET Q
q 0 0 0 rg BT 447.50 86.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 452.49 86.55 Td (Adjustments ) Tj ET Q
q 0 0 0 rg BT 508.62 86.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 524.48 86.55 Td (made ) Tj ET Q
q 0 0 0 rg BT 550.26 86.55 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (dissimilarities ) Tj ET Q
q 0 0 0 rg BT 110.73 73.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 138.70 73.95 Td (typically ) Tj ET Q
q 0 0 0 rg BT 177.75 73.95 Td (provide ) Tj ET Q
q 0 0 0 rg BT 212.13 73.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 219.10 73.95 Td (range ) Tj ET Q
q 0 0 0 rg BT 244.73 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 255.79 73.95 Td (value. ) Tj ET Q
q 0 0 0 rg BT 283.46 73.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 285.77 73.95 Td (Many ) Tj ET Q
q 0 0 0 rg BT 312.58 73.95 Td (factors ) Tj ET Q
q 0 0 0 rg BT 343.45 73.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 358.58 73.95 Td (also ) Tj ET Q
q 0 0 0 rg BT 377.81 73.95 Td (considered ) Tj ET Q
q 0 0 0 rg BT 425.60 73.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 436.07 73.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 451.21 73.95 Td (determination ) Tj ET Q
q 0 0 0 rg BT 511.84 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 522.89 73.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 539.77 73.95 Td (value ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (including, ) Tj ET Q
q 0 0 0 rg BT 95.60 61.35 Td (but ) Tj ET Q
q 0 0 0 rg BT 112.83 61.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 130.07 61.35 Td (limited ) Tj ET Q
q 0 0 0 rg BT 163.63 61.35 Td (to, ) Tj ET Q
q 0 0 0 rg BT 178.24 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 194.88 61.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 238.35 61.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 260.82 61.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 287.97 61.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 306.94 61.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 347.49 61.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 404.35 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 416.91 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 433.55 61.35 Td (properties, ) Tj ET Q
q 0 0 0 rg BT 481.98 61.35 Td (property ) Tj ET Q
q 0 0 0 rg BT 521.37 61.35 Td (types ) Tj ET Q
q 0 0 0 rg BT 547.34 61.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (geographic ) Tj ET Q
q 0 0 0 rg BT 98.70 48.75 Td (locations, ) Tj ET Q
q 0 0 0 rg BT 141.78 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 157.16 48.75 Td (physical ) Tj ET Q
q 0 0 0 rg BT 194.70 48.75 Td (condition ) Tj ET Q
q 0 0 0 rg BT 236.91 48.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.21 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.58 48.75 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 289.17 48.75 Td (prevailing ) Tj ET Q
q 0 0 0 rg BT 334.29 48.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 365.99 48.75 Td (capitalization ) Tj ET Q
q 0 0 0 rg BT 425.10 48.75 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 450.10 48.75 Td (prevailing ) Tj ET Q
q 0 0 0 rg BT 495.22 48.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 526.92 48.75 Td (discount ) Tj ET Q
endstream
endobj
205 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 206 0 R>>
endobj
206 0 obj
<</Length 40987>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (100) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 75.35 741.75 Td (general ) Tj ET Q
q 0 0 0 rg BT 109.65 741.75 Td (economic ) Tj ET Q
q 0 0 0 rg BT 153.87 741.75 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 203.65 741.75 Td (economic ) Tj ET Q
q 0 0 0 rg BT 247.87 741.75 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 295.03 741.75 Td (specific ) Tj ET Q
q 0 0 0 rg BT 331.08 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 342.65 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 358.88 741.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 391.44 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 403.01 741.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 432.08 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.31 741.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 476.21 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 492.44 741.75 Td (located, ) Tj ET Q
q 0 0 0 rg BT 528.78 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 547.35 741.75 Td (any ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (specific ) Tj ET Q
q 0 0 0 rg BT 84.83 729.15 Td (rights ) Tj ET Q
q 0 0 0 rg BT 111.43 729.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 122.85 729.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 148.86 729.15 Td (associated ) Tj ET Q
q 0 0 0 rg BT 194.69 729.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 216.04 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.55 729.15 Td (investment. ) Tj ET Q
q 0 0 0 rg BT 282.93 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 285.61 729.15 Td (Because ) Tj ET Q
q 0 0 0 rg BT 323.28 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 334.70 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 350.21 729.15 Td (inherent ) Tj ET Q
q 0 0 0 rg BT 387.29 729.15 Td (uncertainties ) Tj ET Q
q 0 0 0 rg BT 443.62 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 455.05 729.15 Td (valuation, ) Tj ET Q
q 0 0 0 rg BT 499.43 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.93 729.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 544.44 729.15 Td (may ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (materially ) Tj ET Q
q 0 0 0 rg BT 94.69 716.55 Td (dif) Tj ET Q
q 0 0 0 rg BT 106.17 716.55 Td (fer ) Tj ET Q
q 0 0 0 rg BT 120.44 716.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 143.48 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.93 716.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 188.38 716.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 206.75 716.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 235.63 716.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 248.17 716.55 Td (determined ) Tj ET Q
q 0 0 0 rg BT 298.02 716.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 311.15 716.55 Td (negotiations ) Tj ET Q
q 0 0 0 rg BT 365.10 716.55 Td (held ) Tj ET Q
q 0 0 0 rg BT 385.80 716.55 Td (between ) Tj ET Q
q 0 0 0 rg BT 423.41 716.55 Td (parties ) Tj ET Q
q 0 0 0 rg BT 454.02 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 464.82 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 472.10 716.55 Td (sale ) Tj ET Q
q 0 0 0 rg BT 491.05 716.55 Td (transaction.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 62.70 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 68.90 691.35 Td (practical ) Tj ET Q
q 0 0 0 rg BT 106.57 691.35 Td (expedient, ) Tj ET Q
q 0 0 0 rg BT 151.55 691.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 174.65 691.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 204.77 691.35 Td (relies ) Tj ET Q
q 0 0 0 rg BT 229.04 691.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 241.08 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 255.44 691.35 Td (NA) Tj ET Q
q 0 0 0 rg BT 269.25 691.35 Td (V) Tj ET Q
q 0 0 0 rg BT 276.64 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 278.18 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 288.46 691.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 318.55 691.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 370.25 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 379.95 691.35 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 432.81 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 449.50 691.35 Td (limited ) Tj ET Q
q 0 0 0 rg BT 480.78 691.35 Td (liability ) Tj ET Q
q 0 0 0 rg BT 514.98 691.35 Td (companies, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.86 678.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 84.71 678.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 102.89 678.75 Td (value. ) Tj ET Q
q 0 0 0 rg BT 131.87 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 135.22 678.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 155.15 678.75 Td (NA) Tj ET Q
q 0 0 0 rg BT 168.97 678.75 Td (Vs ) Tj ET Q
q 0 0 0 rg BT 184.25 678.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 203.60 678.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 227.03 678.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 250.47 678.75 Td (provided ) Tj ET Q
q 0 0 0 rg BT 291.40 678.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 305.51 678.75 Td (investees ) Tj ET Q
q 0 0 0 rg BT 347.61 678.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 364.04 678.75 Td (derived ) Tj ET Q
q 0 0 0 rg BT 399.14 678.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 423.16 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 439.60 678.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 457.78 678.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 488.22 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.57 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.01 678.75 Td (underlying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 102.34 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 113.77 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.19 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 140.70 666.15 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 181.87 666.15 Td (date. ) Tj ET Q
q 0 0 0 rg BT 204.66 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 207.34 666.15 Td (Investments ) Tj ET Q
q 0 0 0 rg BT 260.76 666.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 275.68 666.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 304.02 666.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 321.27 666.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 346.69 666.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 356.37 666.15 Td (measured ) Tj ET Q
q 0 0 0 rg BT 399.28 666.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 424.72 666.15 Td (NA) Tj ET Q
q 0 0 0 rg BT 438.53 666.15 Td (V) Tj ET Q
q 0 0 0 rg BT 445.92 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 448.60 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 460.03 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 467.37 666.15 Td (practical ) Tj ET Q
q 0 0 0 rg BT 506.19 666.15 Td (expedient ) Tj ET Q
q 0 0 0 rg BT 549.68 666.15 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 65.54 653.55 Td (required ) Tj ET Q
q 0 0 0 rg BT 103.15 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 113.94 653.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 126.48 653.55 Td (categorized ) Tj ET Q
q 0 0 0 rg BT 177.49 653.55 Td (within ) Tj ET Q
q 0 0 0 rg BT 206.95 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 222.40 653.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 239.60 653.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 264.96 653.55 Td (hierarchy) Tj ET Q
q 0 0 0 rg BT 303.92 653.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (Any ) Tj ET Q
q 0 0 0 rg BT 70.21 628.35 Td (transfers ) Tj ET Q
q 0 0 0 rg BT 108.98 628.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 146.59 628.35 Td (categories ) Tj ET Q
q 0 0 0 rg BT 191.78 628.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 207.22 628.35 Td (measured ) Tj ET Q
q 0 0 0 rg BT 250.08 628.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 260.28 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.73 628.35 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 320.35 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 331.73 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.18 628.35 Td (period.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 603.15 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.32 603.15 Td (3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.57 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.20 603.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 113.07 603.15 Td (additional ) Tj ET Q
q 0 0 0 rg BT 157.68 603.15 Td (information ) Tj ET Q
q 0 0 0 rg BT 209.88 603.15 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 252.74 603.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 269.93 603.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 295.30 603.15 Td (measurements.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (Leases) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (Ef) Tj ET Q
q 0 0 0 rg BT 59.22 565.35 Td (fective ) Tj ET Q
q 0 0 0 rg BT 89.93 565.35 Td (April ) Tj ET Q
q 0 0 0 rg BT 114.85 565.35 Td (1, ) Tj ET Q
q 0 0 0 rg BT 125.48 565.35 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 149.24 565.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 173.57 565.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 204.91 565.35 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 240.90 565.35 Td (updated ) Tj ET Q
q 0 0 0 rg BT 276.90 565.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 325.72 565.35 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 366.38 565.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 379.63 565.35 Td (leases ) Tj ET Q
q 0 0 0 rg BT 407.46 565.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 435.88 565.35 Td (requires ) Tj ET Q
q 0 0 0 rg BT 472.45 565.35 Td (right-of-use ) Tj ET Q
q 0 0 0 rg BT 524.78 565.35 Td (\("ROU"\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 76.82 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 94.81 552.75 Td (lease ) Tj ET Q
q 0 0 0 rg BT 118.62 552.75 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 160.53 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 171.52 552.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 184.26 552.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 223.81 552.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 237.14 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 252.79 552.75 Td (balance ) Tj ET Q
q 0 0 0 rg BT 287.68 552.75 Td (sheet ) Tj ET Q
q 0 0 0 rg BT 312.08 552.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 327.15 552.75 Td (leases. ) Tj ET Q
q 0 0 0 rg BT 357.67 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 360.29 552.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 379.44 552.75 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 420.17 552.75 Td (specifies ) Tj ET Q
q 0 0 0 rg BT 459.73 552.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 478.30 552.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 488.71 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.36 552.75 Td (inception ) Tj ET Q
q 0 0 0 rg BT 546.26 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 557.84 552.75 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (contract, ) Tj ET Q
q 0 0 0 rg BT 89.36 540.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 102.70 540.15 Td (entity ) Tj ET Q
q 0 0 0 rg BT 130.04 540.15 Td (must ) Tj ET Q
q 0 0 0 rg BT 153.88 540.15 Td (determine ) Tj ET Q
q 0 0 0 rg BT 199.29 540.15 Td (whether ) Tj ET Q
q 0 0 0 rg BT 236.53 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 252.78 540.15 Td (contract ) Tj ET Q
q 0 0 0 rg BT 290.02 540.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 300.45 540.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 312.62 540.15 Td (contains ) Tj ET Q
q 0 0 0 rg BT 351.04 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 359.13 540.15 Td (lease. ) Tj ET Q
q 0 0 0 rg BT 386.16 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 389.34 540.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 409.09 540.15 Td (contract ) Tj ET Q
q 0 0 0 rg BT 446.33 540.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 456.76 540.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 468.93 540.15 Td (contains ) Tj ET Q
q 0 0 0 rg BT 507.34 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 515.43 540.15 Td (lease ) Tj ET Q
q 0 0 0 rg BT 539.84 540.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 549.68 540.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (contract ) Tj ET Q
q 0 0 0 rg BT 86.84 527.55 Td (conveys ) Tj ET Q
q 0 0 0 rg BT 124.77 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.12 527.55 Td (right ) Tj ET Q
q 0 0 0 rg BT 164.48 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 176.17 527.55 Td (control ) Tj ET Q
q 0 0 0 rg BT 209.44 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 225.79 527.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 243.31 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 255.59 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 271.94 527.55 Td (property) Tj ET Q
q 0 0 0 rg BT 306.83 527.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 312.98 527.55 Td (plant, ) Tj ET Q
q 0 0 0 rg BT 340.12 527.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 352.40 527.55 Td (equipment ) Tj ET Q
q 0 0 0 rg BT 400.24 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 416.01 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 424.20 527.55 Td (designated ) Tj ET Q
q 0 0 0 rg BT 472.63 527.55 Td (term ) Tj ET Q
q 0 0 0 rg BT 495.39 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 507.09 527.55 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 550.25 527.55 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (consideration. ) Tj ET Q
q 0 0 0 rg BT 111.00 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 113.31 514.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 137.19 514.95 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 168.69 514.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 175.08 514.95 Td (evaluation ) Tj ET Q
q 0 0 0 rg BT 221.12 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 232.18 514.95 Td (its ) Tj ET Q
q 0 0 0 rg BT 244.41 514.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 284.61 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 295.09 514.95 Td (determine ) Tj ET Q
q 0 0 0 rg BT 339.38 514.95 Td (whether ) Tj ET Q
q 0 0 0 rg BT 375.50 514.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 395.89 514.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 411.01 514.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 422.07 514.95 Td (contain ) Tj ET Q
q 0 0 0 rg BT 455.28 514.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 462.25 514.95 Td (lease ) Tj ET Q
q 0 0 0 rg BT 485.54 514.95 Td (involves ) Tj ET Q
q 0 0 0 rg BT 523.43 514.95 Td (assessing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (whether ) Tj ET Q
q 0 0 0 rg BT 85.72 502.35 Td (there ) Tj ET Q
q 0 0 0 rg BT 109.10 502.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 118.50 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 125.56 502.35 Td (right ) Tj ET Q
q 0 0 0 rg BT 147.79 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 158.35 502.35 Td (obtain ) Tj ET Q
q 0 0 0 rg BT 187.00 502.35 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 242.48 502.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 255.37 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 266.52 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 281.74 502.35 Td (economic ) Tj ET Q
q 0 0 0 rg BT 324.96 502.35 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 360.59 502.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 383.40 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 398.63 502.35 Td (use ) Tj ET Q
q 0 0 0 rg BT 415.02 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 432.58 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 447.81 502.35 Td (right ) Tj ET Q
q 0 0 0 rg BT 470.04 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 480.60 502.35 Td (direct ) Tj ET Q
q 0 0 0 rg BT 506.90 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 522.13 502.35 Td (use ) Tj ET Q
q 0 0 0 rg BT 538.53 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.67 502.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (identified ) Tj ET Q
q 0 0 0 rg BT 92.36 489.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 115.40 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 126.19 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.65 489.75 Td (contract.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 469.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 72.83 469.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 103.18 469.15 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 138.18 469.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.76 469.15 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 192.42 469.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 204.68 469.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 211.10 469.15 Td (modified ) Tj ET Q
q 0 0 0 rg BT 250.77 469.15 Td (retrospective ) Tj ET Q
q 0 0 0 rg BT 306.76 469.15 Td (basis ) Tj ET Q
q 0 0 0 rg BT 329.52 469.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 341.39 469.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 365.31 469.15 Td (1, ) Tj ET Q
q 0 0 0 rg BT 374.95 469.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 400.33 469.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 417.25 469.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 431.84 469.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 462.17 469.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 499.51 469.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 509.43 469.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 531.60 469.15 Td (periods ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 456.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 71.28 456.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 86.66 456.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 108.45 456.55 Td (restated. ) Tj ET Q
q 0 0 0 rg BT 145.68 456.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 147.65 456.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 171.18 456.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 201.73 456.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 217.69 456.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 259.30 456.55 Td (leases ) Tj ET Q
q 0 0 0 rg BT 286.34 456.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 304.05 456.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 345.08 456.55 Td (relate ) Tj ET Q
q 0 0 0 rg BT 370.36 456.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 380.49 456.55 Td (real ) Tj ET Q
q 0 0 0 rg BT 398.19 456.55 Td (property ) Tj ET Q
q 0 0 0 rg BT 435.72 456.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 452.84 456.55 Td (financing ) Tj ET Q
q 0 0 0 rg BT 494.46 456.55 Td (leases ) Tj ET Q
q 0 0 0 rg BT 521.49 456.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 539.20 456.55 Td (relate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 443.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.61 443.95 Td (equipment. ) Tj ET Q
q 0 0 0 rg BT 110.49 443.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 112.78 443.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 127.39 443.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 134.99 443.95 Td (practical ) Tj ET Q
q 0 0 0 rg BT 174.07 443.95 Td (expedient, ) Tj ET Q
q 0 0 0 rg BT 220.45 443.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 244.96 443.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 276.48 443.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 293.42 443.95 Td (elected ) Tj ET Q
q 0 0 0 rg BT 326.08 443.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 337.19 443.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 353.54 443.95 Td (capitalize ) Tj ET Q
q 0 0 0 rg BT 396.70 443.95 Td (leases ) Tj ET Q
q 0 0 0 rg BT 424.71 443.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 446.32 443.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 453.92 443.95 Td (term ) Tj ET Q
q 0 0 0 rg BT 476.10 443.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 487.78 443.95 Td (12 ) Tj ET Q
q 0 0 0 rg BT 501.22 443.95 Td (months ) Tj ET Q
q 0 0 0 rg BT 535.08 443.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 546.77 443.95 Td (less ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 431.35 Td (without ) Tj ET Q
q 0 0 0 rg BT 84.13 431.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 91.34 431.35 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 131.20 431.35 Td (option ) Tj ET Q
q 0 0 0 rg BT 160.58 431.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 178.87 431.35 Td (it ) Tj ET Q
q 0 0 0 rg BT 187.25 431.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 196.80 431.35 Td (likely ) Tj ET Q
q 0 0 0 rg BT 223.26 431.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 233.97 431.35 Td (exercise. ) Tj ET Q
q 0 0 0 rg BT 273.53 431.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 275.52 431.35 Td (Also ) Tj ET Q
q 0 0 0 rg BT 297.90 431.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 309.19 431.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 316.40 431.35 Td (practical ) Tj ET Q
q 0 0 0 rg BT 355.08 431.35 Td (expedient ) Tj ET Q
q 0 0 0 rg BT 398.45 431.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 413.24 431.35 Td (disclosure, ) Tj ET Q
q 0 0 0 rg BT 460.98 431.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 485.10 431.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 516.23 431.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 532.77 431.35 Td (elected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 418.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.63 418.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 77.00 418.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 114.35 418.75 Td (lease ) Tj ET Q
q 0 0 0 rg BT 138.30 418.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 156.42 418.75 Td (non-lease ) Tj ET Q
q 0 0 0 rg BT 199.61 418.75 Td (components ) Tj ET Q
q 0 0 0 rg BT 253.31 418.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 266.77 418.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 309.38 418.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 327.50 418.75 Td (financing ) Tj ET Q
q 0 0 0 rg BT 370.11 418.75 Td (leases. ) Tj ET Q
q 0 0 0 rg BT 400.77 418.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 403.72 418.75 Td (Lease ) Tj ET Q
q 0 0 0 rg BT 431.16 418.75 Td (components ) Tj ET Q
q 0 0 0 rg BT 484.87 418.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 500.64 418.75 Td (payment ) Tj ET Q
q 0 0 0 rg BT 539.76 418.75 Td (items ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 406.15 Td (directly ) Tj ET Q
q 0 0 0 rg BT 84.43 406.15 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 135.10 406.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 146.13 406.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 161.82 406.15 Td (use ) Tj ET Q
q 0 0 0 rg BT 178.67 406.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.28 406.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 205.96 406.15 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 254.31 406.15 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 280.21 406.15 Td (while ) Tj ET Q
q 0 0 0 rg BT 306.40 406.15 Td (non-lease ) Tj ET Q
q 0 0 0 rg BT 349.49 406.15 Td (components ) Tj ET Q
q 0 0 0 rg BT 403.09 406.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 418.76 406.15 Td (explicit ) Tj ET Q
q 0 0 0 rg BT 453.11 406.15 Td (elements ) Tj ET Q
q 0 0 0 rg BT 493.29 406.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 504.90 406.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 512.42 406.15 Td (contract ) Tj ET Q
q 0 0 0 rg BT 549.09 406.15 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 393.55 Td (directly ) Tj ET Q
q 0 0 0 rg BT 86.10 393.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 119.20 393.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 131.90 393.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.27 393.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 167.80 393.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 181.08 393.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 198.44 393.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 248.47 393.55 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 276.04 393.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 320.23 393.55 Td (pass ) Tj ET Q
q 0 0 0 rg BT 342.85 393.55 Td (through ) Tj ET Q
q 0 0 0 rg BT 380.05 393.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 424.24 393.55 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 466.68 393.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 490.46 393.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 503.74 393.55 Td (common ) Tj ET Q
q 0 0 0 rg BT 545.02 393.55 Td (area ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 380.95 Td (maintenance, ) Tj ET Q
q 0 0 0 rg BT 107.81 380.95 Td (real ) Tj ET Q
q 0 0 0 rg BT 126.17 380.95 Td (estate ) Tj ET Q
q 0 0 0 rg BT 152.69 380.95 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 176.89 380.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 194.68 380.95 Td (utilities. ) Tj ET Q
q 0 0 0 rg BT 231.43 380.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 360.35 Td (ROU ) Tj ET Q
q 0 0 0 rg BT 74.58 360.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 101.98 360.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 120.05 360.35 Td (lease ) Tj ET Q
q 0 0 0 rg BT 143.95 360.35 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 185.94 360.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 201.66 360.35 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 250.63 360.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 264.03 360.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 279.77 360.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 338.09 360.35 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 374.81 360.35 Td (Sheet ) Tj ET Q
q 0 0 0 rg BT 401.05 360.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 411.54 360.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 427.27 360.35 Td (present ) Tj ET Q
q 0 0 0 rg BT 460.50 360.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 486.15 360.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 497.81 360.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.54 360.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 541.52 360.35 Td (lease ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 347.75 Td (payments ) Tj ET Q
q 0 0 0 rg BT 92.18 347.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 113.27 347.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 128.53 347.75 Td (life ) Tj ET Q
q 0 0 0 rg BT 144.96 347.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.14 347.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.40 347.75 Td (lease ) Tj ET Q
q 0 0 0 rg BT 194.82 347.75 Td (term. ) Tj ET Q
q 0 0 0 rg BT 219.12 347.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 221.02 347.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 235.12 347.75 Td (implicit ) Tj ET Q
q 0 0 0 rg BT 270.22 347.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 292.48 347.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 307.15 347.75 Td (leases ) Tj ET Q
q 0 0 0 rg BT 334.66 347.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 349.91 347.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 365.76 347.75 Td (determinable, ) Tj ET Q
q 0 0 0 rg BT 425.63 347.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.89 347.75 Td (Company ) Tj ET Q
q 0 0 0 rg BT 484.16 347.75 Td (uses ) Tj ET Q
q 0 0 0 rg BT 504.68 347.75 Td (discount ) Tj ET Q
q 0 0 0 rg BT 542.69 347.75 Td (rates ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 335.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 75.71 335.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 88.52 335.15 Td (incremental ) Tj ET Q
q 0 0 0 rg BT 140.39 335.15 Td (borrowing ) Tj ET Q
q 0 0 0 rg BT 186.44 335.15 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 211.19 335.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 224.00 335.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 230.97 335.15 Td (collateralized ) Tj ET Q
q 0 0 0 rg BT 289.82 335.15 Td (basis, ) Tj ET Q
q 0 0 0 rg BT 315.76 335.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 330.31 335.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 345.44 335.15 Td (respective ) Tj ET Q
q 0 0 0 rg BT 390.31 335.15 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 438.11 335.15 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 467.54 335.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 482.09 335.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 507.72 335.15 Td (similar ) Tj ET Q
q 0 0 0 rg BT 539.20 335.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 549.67 335.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 322.55 Td (respective ) Tj ET Q
q 0 0 0 rg BT 94.42 322.55 Td (leases. ) Tj ET Q
q 0 0 0 rg BT 124.47 322.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 126.83 322.55 Td (Lease ) Tj ET Q
q 0 0 0 rg BT 153.66 322.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 177.02 322.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 192.19 322.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 230.71 322.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 241.81 322.55 Td (Occupancy ) Tj ET Q
q 0 0 0 rg BT 291.39 322.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 327.57 322.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 338.09 322.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.27 322.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 411.04 322.55 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 459.48 322.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 470.58 322.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 504.42 322.55 Td (\(Loss\). ) Tj ET Q
q 0 0 0 rg BT 536.23 322.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 538.59 322.55 Td (Fixed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 309.95 Td (base ) Tj ET Q
q 0 0 0 rg BT 70.59 309.95 Td (payments ) Tj ET Q
q 0 0 0 rg BT 113.26 309.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 126.18 309.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 168.26 309.95 Td (leases ) Tj ET Q
q 0 0 0 rg BT 195.76 309.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 216.27 309.95 Td (directly ) Tj ET Q
q 0 0 0 rg BT 250.77 309.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 261.36 309.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 276.62 309.95 Td (lessor ) Tj ET Q
q 0 0 0 rg BT 303.54 309.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 318.79 309.95 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 357.94 309.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 369.12 309.95 Td (lease ) Tj ET Q
q 0 0 0 rg BT 392.53 309.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 428.78 309.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 441.71 309.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 448.79 309.95 Td (straight-line ) Tj ET Q
q 0 0 0 rg BT 501.96 309.95 Td (basis. ) Tj ET Q
q 0 0 0 rg BT 528.01 309.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 530.44 309.95 Td (Related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 297.35 Td (variable ) Tj ET Q
q 0 0 0 rg BT 86.47 297.35 Td (payments ) Tj ET Q
q 0 0 0 rg BT 129.86 297.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 156.93 297.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 170.58 297.35 Td (usage, ) Tj ET Q
q 0 0 0 rg BT 200.27 297.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 237.24 297.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 248.56 297.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 261.63 297.35 Td (index ) Tj ET Q
q 0 0 0 rg BT 288.11 297.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 300.01 297.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 332.32 297.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 351.21 297.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 367.18 297.35 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 409.40 297.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 421.30 297.35 Td (incurred. ) Tj ET Q
q 0 0 0 rg BT 462.06 297.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 465.22 297.35 Td (Payments ) Tj ET Q
q 0 0 0 rg BT 509.21 297.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 522.86 297.35 Td (financing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 284.75 Td (leases ) Tj ET Q
q 0 0 0 rg BT 77.20 284.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 92.64 284.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 131.99 284.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 143.36 284.75 Td (lease ) Tj ET Q
q 0 0 0 rg BT 166.97 284.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 203.42 284.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 216.54 284.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 223.83 284.75 Td (level-yield ) Tj ET Q
q 0 0 0 rg BT 271.35 284.75 Td (basis.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 264.15 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 75.38 264.15 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 114.67 264.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 127.15 264.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 151.86 264.15 Td (1, ) Tj ET Q
q 0 0 0 rg BT 162.28 264.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 188.45 264.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 212.57 264.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 243.70 264.15 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 282.96 264.15 Td (ROU ) Tj ET Q
q 0 0 0 rg BT 307.68 264.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 334.72 264.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 346.01 264.15 Td ($342,418) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.39 264.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 387.93 264.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 405.64 264.15 Td (lease ) Tj ET Q
q 0 0 0 rg BT 429.17 264.15 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 470.79 264.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 482.08 264.15 Td ($41) Tj ET Q
q 0 0 0 rg BT 497.44 264.15 Td (1,1) Tj ET Q
q 0 0 0 rg BT 510.18 264.15 Td (15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.68 264.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 523.22 264.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 554.33 264.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 251.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 61.61 251.55 Td (real ) Tj ET Q
q 0 0 0 rg BT 79.53 251.55 Td (property ) Tj ET Q
q 0 0 0 rg BT 117.28 251.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 159.12 251.55 Td (leases ) Tj ET Q
q 0 0 0 rg BT 186.38 251.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 203.73 251.55 Td (equipment ) Tj ET Q
q 0 0 0 rg BT 250.24 251.55 Td (financing ) Tj ET Q
q 0 0 0 rg BT 292.07 251.55 Td (leases. ) Tj ET Q
q 0 0 0 rg BT 321.96 251.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 324.14 251.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 347.90 251.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 378.67 251.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 394.85 251.55 Td (subleased ) Tj ET Q
q 0 0 0 rg BT 437.86 251.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 448.79 251.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 464.98 251.55 Td (vacated ) Tj ET Q
q 0 0 0 rg BT 499.22 251.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 516.57 251.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 525.76 251.55 Td (pursuing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 238.95 Td (subleases ) Tj ET Q
q 0 0 0 rg BT 91.89 238.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 106.86 238.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 138.16 238.95 Td (of) Tj ET Q
q 0 0 0 rg BT 146.72 238.95 Td (fice ) Tj ET Q
q 0 0 0 rg BT 165.18 238.95 Td (space. ) Tj ET Q
q 0 0 0 rg BT 193.86 238.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 195.99 238.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 210.39 238.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 221.87 238.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 252.00 238.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 267.86 238.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 294.21 238.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 309.77 238.95 Td (lease ) Tj ET Q
q 0 0 0 rg BT 333.49 238.95 Td (reserve ) Tj ET Q
q 0 0 0 rg BT 366.53 238.95 Td (liability ) Tj ET Q
q 0 0 0 rg BT 401.93 238.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 416.91 238.95 Td (subleased ) Tj ET Q
q 0 0 0 rg BT 460.46 238.95 Td (space ) Tj ET Q
q 0 0 0 rg BT 486.51 238.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 504.40 238.95 Td (vacated ) Tj ET Q
q 0 0 0 rg BT 539.19 238.95 Td (space ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 226.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 66.28 226.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 96.47 226.35 Td (subleases ) Tj ET Q
q 0 0 0 rg BT 140.67 226.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 165.60 226.35 Td (being ) Tj ET Q
q 0 0 0 rg BT 193.46 226.35 Td (pursued ) Tj ET Q
q 0 0 0 rg BT 231.24 226.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.52 226.35 Td ($24,063) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 278.65 226.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 283.18 226.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 304.04 226.35 Td (included ) Tj ET Q
q 0 0 0 rg BT 344.74 226.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 357.44 226.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 383.55 226.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 417.81 226.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 437.51 226.35 Td (non-current ) Tj ET Q
q 0 0 0 rg BT 491.02 226.35 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 534.63 226.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 549.67 226.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 213.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 107.85 213.75 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 144.61 213.75 Td (Sheet ) Tj ET Q
q 0 0 0 rg BT 170.88 213.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 197.73 213.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 221.08 213.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 270.09 213.75 Td (guidance. ) Tj ET Q
q 0 0 0 rg BT 313.55 213.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 316.50 213.75 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 342.77 213.75 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 382.46 213.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 394.15 213.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 409.92 213.75 Td (updated ) Tj ET Q
q 0 0 0 rg BT 446.10 213.75 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 489.56 213.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 505.33 213.75 Td (existing ) Tj ET Q
q 0 0 0 rg BT 541.52 213.75 Td (lease ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 201.15 Td (reserve ) Tj ET Q
q 0 0 0 rg BT 81.76 201.15 Td (liability ) Tj ET Q
q 0 0 0 rg BT 116.38 201.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 134.66 201.15 Td (reclassified ) Tj ET Q
q 0 0 0 rg BT 184.42 201.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 195.12 201.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 201.73 201.15 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 243.33 201.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.03 201.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 268.81 201.15 Td (ROU ) Tj ET Q
q 0 0 0 rg BT 292.93 201.15 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 322.00 201.15 Td (ROU ) Tj ET Q
q 0 0 0 rg BT 346.12 201.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 372.57 201.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 387.34 201.15 Td (tested ) Tj ET Q
q 0 0 0 rg BT 413.78 201.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 427.98 201.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 478.33 201.15 Td (when ) Tj ET Q
q 0 0 0 rg BT 503.03 201.15 Td (circumstances ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 188.55 Td (indicate ) Tj ET Q
q 0 0 0 rg BT 85.36 188.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 103.73 188.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.18 188.55 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 156.79 188.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 186.24 188.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 206.94 188.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 222.99 188.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 235.52 188.55 Td (recoverable.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 167.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.22 167.95 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 107.36 167.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.50 167.95 Td (this ) Tj ET Q
q 0 0 0 rg BT 136.07 167.95 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 176.37 167.95 Td (did ) Tj ET Q
q 0 0 0 rg BT 192.18 167.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 207.99 167.95 Td (require ) Tj ET Q
q 0 0 0 rg BT 240.12 167.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 247.17 167.95 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 296.22 167.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 304.19 167.95 Td (fect ) Tj ET Q
q 0 0 0 rg BT 322.32 167.95 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 370.79 167.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 381.94 167.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 404.15 167.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 411.21 167.95 Td (material ) Tj ET Q
q 0 0 0 rg BT 448.00 167.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 478.97 167.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 491.87 167.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.09 167.95 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 155.35 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 98.20 155.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.57 155.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 143.69 155.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 173.14 155.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 184.51 155.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 242.55 155.35 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 291.25 155.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.63 155.35 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 326.25 155.35 Td (Flows.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 134.75 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 134.75 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.32 134.75 Td (8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.57 134.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.20 134.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 113.07 134.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 157.68 134.75 Td (information. ) Tj ET Q
q 0 0 0 rg BT 212.51 134.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 215.13 134.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 217.76 134.75 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 114.15 Td (Fixed ) Tj ET Q
q 0 0 0 rg BT 76.63 114.15 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 101.55 Td (Fixed ) Tj ET Q
q 0 0 0 rg BT 77.01 101.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 105.11 101.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 147.78 101.55 Td (consist ) Tj ET Q
q 0 0 0 rg BT 180.54 101.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 192.88 101.55 Td (software, ) Tj ET Q
q 0 0 0 rg BT 235.25 101.55 Td (leasehold ) Tj ET Q
q 0 0 0 rg BT 278.50 101.55 Td (improvements, ) Tj ET Q
q 0 0 0 rg BT 344.80 101.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 363.55 101.55 Td (equipment. ) Tj ET Q
q 0 0 0 rg BT 414.10 101.55 Td (Capitalized ) Tj ET Q
q 0 0 0 rg BT 465.51 101.55 Td (software ) Tj ET Q
q 0 0 0 rg BT 505.25 101.55 Td (includes ) Tj ET Q
q 0 0 0 rg BT 543.84 101.55 Td (both ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 88.95 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 95.28 88.95 Td (software ) Tj ET Q
q 0 0 0 rg BT 134.65 88.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 153.02 88.95 Td (internally ) Tj ET Q
q 0 0 0 rg BT 196.48 88.95 Td (developed ) Tj ET Q
q 0 0 0 rg BT 242.84 88.95 Td (software. ) Tj ET Q
q 0 0 0 rg BT 284.84 88.95 Td (Equipment ) Tj ET Q
q 0 0 0 rg BT 334.13 88.95 Td (consists ) Tj ET Q
q 0 0 0 rg BT 370.60 88.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 412.89 88.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 424.85 88.95 Td (communications ) Tj ET Q
q 0 0 0 rg BT 497.47 88.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 515.85 88.95 Td (technology ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 76.35 Td (hardware ) Tj ET Q
q 0 0 0 rg BT 91.78 76.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 110.15 76.35 Td (furniture ) Tj ET Q
q 0 0 0 rg BT 150.11 76.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 168.48 76.35 Td (fixtures. ) Tj ET Q
q 0 0 0 rg BT 206.40 76.35 Td (Fixed ) Tj ET Q
q 0 0 0 rg BT 233.54 76.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 261.25 76.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 277.29 76.35 Td (reported ) Tj ET Q
q 0 0 0 rg BT 315.49 76.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 326.28 76.35 Td (cost, ) Tj ET Q
q 0 0 0 rg BT 349.04 76.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 365.08 76.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.05 76.35 Td (accumulated ) Tj ET Q
q 0 0 0 rg BT 433.32 76.35 Td (depreciation ) Tj ET Q
q 0 0 0 rg BT 488.43 76.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 506.81 76.35 Td (amortization. ) Tj ET Q
q 0 0 0 rg BT 565.12 76.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 63.75 Td (Depreciation ) Tj ET Q
q 0 0 0 rg BT 106.28 63.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 124.00 63.75 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 179.63 63.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 195.01 63.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 244.80 63.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 257.86 63.75 Td (use ) Tj ET Q
q 0 0 0 rg BT 274.41 63.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.72 63.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.11 63.75 Td (straight-line ) Tj ET Q
q 0 0 0 rg BT 354.41 63.75 Td (method. ) Tj ET Q
q 0 0 0 rg BT 391.09 63.75 Td (Software ) Tj ET Q
q 0 0 0 rg BT 431.55 63.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 441.11 63.75 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 485.65 63.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 506.87 63.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 522.26 63.75 Td (estimated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 51.15 Td (useful ) Tj ET Q
q 0 0 0 rg BT 77.18 51.15 Td (lives ) Tj ET Q
q 0 0 0 rg BT 99.03 51.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.80 51.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 124.64 51.15 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 153.78 51.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 194.87 51.15 Td (three ) Tj ET Q
q 0 0 0 rg BT 217.87 51.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 228.06 51.15 Td (five ) Tj ET Q
q 0 0 0 rg BT 246.40 51.15 Td (years. ) Tj ET Q
q 0 0 0 rg BT 273.20 51.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 275.22 51.15 Td (Leasehold ) Tj ET Q
q 0 0 0 rg BT 320.38 51.15 Td (improvements ) Tj ET Q
q 0 0 0 rg BT 382.48 51.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 397.31 51.15 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 441.31 51.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 452.08 51.15 Td (depreciated ) Tj ET Q
q 0 0 0 rg BT 502.48 51.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 523.16 51.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 538.00 51.15 Td (initial ) Tj ET Q
endstream
endobj
207 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 208 0 R>>
endobj
208 0 obj
<</Length 42405>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (101) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (term ) Tj ET Q
q 0 0 0 rg BT 70.85 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 81.70 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 96.63 741.75 Td (lease ) Tj ET Q
q 0 0 0 rg BT 119.73 741.75 Td (unless ) Tj ET Q
q 0 0 0 rg BT 148.08 741.75 Td (options ) Tj ET Q
q 0 0 0 rg BT 181.11 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 191.38 741.75 Td (extend ) Tj ET Q
q 0 0 0 rg BT 221.48 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 236.40 741.75 Td (likely ) Tj ET Q
q 0 0 0 rg BT 262.42 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 272.70 741.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 284.71 741.75 Td (exercised. ) Tj ET Q
q 0 0 0 rg BT 329.09 741.75 Td (Equipment ) Tj ET Q
q 0 0 0 rg BT 377.27 741.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 386.38 741.75 Td (depreciated ) Tj ET Q
q 0 0 0 rg BT 436.87 741.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 457.63 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.57 741.75 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 514.91 741.75 Td (useful ) Tj ET Q
q 0 0 0 rg BT 542.68 741.75 Td (lives ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.17 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.91 729.15 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 106.96 729.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 148.94 729.15 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 183.94 729.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 207.27 729.15 Td (three ) Tj ET Q
q 0 0 0 rg BT 231.17 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 242.26 729.15 Td (eight ) Tj ET Q
q 0 0 0 rg BT 266.17 729.15 Td (years. ) Tj ET Q
q 0 0 0 rg BT 293.87 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 296.58 729.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 315.83 729.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 335.66 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 347.33 729.15 Td (software ) Tj ET Q
q 0 0 0 rg BT 386.40 729.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 408.57 729.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 435.39 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 442.97 729.15 Td (service ) Tj ET Q
q 0 0 0 rg BT 475.63 729.15 Td (contract ) Tj ET Q
q 0 0 0 rg BT 512.36 729.15 Td (where ) Tj ET Q
q 0 0 0 rg BT 540.93 729.15 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 81.12 716.55 Td (does ) Tj ET Q
q 0 0 0 rg BT 103.40 716.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 119.85 716.55 Td (own ) Tj ET Q
q 0 0 0 rg BT 140.97 716.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 152.75 716.55 Td (control ) Tj ET Q
q 0 0 0 rg BT 185.52 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 201.38 716.55 Td (software ) Tj ET Q
q 0 0 0 rg BT 240.57 716.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 250.61 716.55 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 292.71 716.55 Td (over ) Tj ET Q
q 0 0 0 rg BT 314.40 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.26 716.55 Td (term ) Tj ET Q
q 0 0 0 rg BT 352.54 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 364.32 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.18 716.55 Td (contract. ) Tj ET Q
q 0 0 0 rg BT 419.65 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 422.69 716.55 Td (Maintenance ) Tj ET Q
q 0 0 0 rg BT 479.94 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 498.14 716.55 Td (repair ) Tj ET Q
q 0 0 0 rg BT 525.65 716.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 549.69 716.55 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 91.00 703.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 102.18 703.95 Td (incurred. ) Tj ET Q
q 0 0 0 rg BT 142.22 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 144.65 703.95 Td (Internally ) Tj ET Q
q 0 0 0 rg BT 187.90 703.95 Td (developed ) Tj ET Q
q 0 0 0 rg BT 233.48 703.95 Td (software ) Tj ET Q
q 0 0 0 rg BT 272.07 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 281.50 703.95 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 322.42 703.95 Td (periodically ) Tj ET Q
q 0 0 0 rg BT 375.00 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 385.60 703.95 Td (determine ) Tj ET Q
q 0 0 0 rg BT 430.01 703.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 438.86 703.95 Td (there ) Tj ET Q
q 0 0 0 rg BT 462.28 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 471.71 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 478.81 703.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 510.97 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 521.57 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 536.83 703.95 Td (useful ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (life, ) Tj ET Q
q 0 0 0 rg BT 68.81 691.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 80.24 691.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 89.34 691.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 101.96 691.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 127.38 691.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 144.07 691.35 Td (been ) Tj ET Q
q 0 0 0 rg BT 166.58 691.35 Td (impaired. ) Tj ET Q
q 0 0 0 rg BT 209.21 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 211.90 691.35 Td (If ) Tj ET Q
q 0 0 0 rg BT 221.58 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 237.10 691.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 262.53 691.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 272.22 691.35 Td (impaired, ) Tj ET Q
q 0 0 0 rg BT 314.86 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.37 691.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 353.47 691.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 363.17 691.35 Td (written ) Tj ET Q
q 0 0 0 rg BT 395.60 691.35 Td (down ) Tj ET Q
q 0 0 0 rg BT 421.62 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 432.48 691.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 445.09 691.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 462.35 691.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 487.78 691.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 499.21 691.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 508.90 691.35 Td (written ) Tj ET Q
q 0 0 0 rg BT 541.34 691.35 Td (of) Tj ET Q
q 0 0 0 rg BT 549.89 691.35 Td (f ) Tj ET Q
q 0 0 0 rg BT 556.08 691.35 Td (if ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 678.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 87.99 678.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 97.62 678.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 147.47 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 158.27 678.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 171.39 678.75 Td (longer ) Tj ET Q
q 0 0 0 rg BT 200.84 678.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 223.29 678.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 241.07 678.75 Td (value.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 97.64 653.55 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 128.27 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.82 653.55 Td (Goodwill) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 72.45 640.95 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 108.38 640.95 Td (identifiable ) Tj ET Q
q 0 0 0 rg BT 157.57 640.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 200.93 640.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 226.80 640.95 Td (consist ) Tj ET Q
q 0 0 0 rg BT 257.35 640.95 Td (principally ) Tj ET Q
q 0 0 0 rg BT 304.21 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.33 640.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 336.11 640.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 391.13 640.95 Td (contracts, ) Tj ET Q
q 0 0 0 rg BT 433.02 640.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 472.30 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 481.84 640.95 Td (manage ) Tj ET Q
q 0 0 0 rg BT 515.86 640.95 Td (proprietary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 80.25 628.35 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 107.79 628.35 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 134.45 628.35 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 161.99 628.35 Td (real ) Tj ET Q
q 0 0 0 rg BT 179.31 628.35 Td (estate ) Tj ET Q
q 0 0 0 rg BT 204.80 628.35 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 232.34 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 242.67 628.35 Td (funds-of-hedge ) Tj ET Q
q 0 0 0 rg BT 308.40 628.35 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 335.94 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 352.69 628.35 Td (trade ) Tj ET Q
q 0 0 0 rg BT 375.26 628.35 Td (names ) Tj ET Q
q 0 0 0 rg BT 403.67 628.35 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 442.00 628.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 463.99 628.35 Td (acquisitions. ) Tj ET Q
q 0 0 0 rg BT 518.36 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 519.95 628.35 Td (Intangible ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 76.51 615.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 91.85 615.75 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 136.35 615.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 157.52 615.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 179.28 615.75 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 222.03 615.75 Td (useful ) Tj ET Q
q 0 0 0 rg BT 250.21 615.75 Td (lives, ) Tj ET Q
q 0 0 0 rg BT 275.18 615.75 Td (using ) Tj ET Q
q 0 0 0 rg BT 300.45 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 315.80 615.75 Td (straight-line ) Tj ET Q
q 0 0 0 rg BT 369.05 615.75 Td (method, ) Tj ET Q
q 0 0 0 rg BT 405.69 615.75 Td (unless ) Tj ET Q
q 0 0 0 rg BT 434.45 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 449.80 615.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 472.73 615.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 482.25 615.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 531.99 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 542.68 615.75 Td (have ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 62.53 603.15 Td (indefinite ) Tj ET Q
q 0 0 0 rg BT 105.88 603.15 Td (useful ) Tj ET Q
q 0 0 0 rg BT 134.65 603.15 Td (life. ) Tj ET Q
q 0 0 0 rg BT 154.39 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 156.81 603.15 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 183.26 603.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 240.02 603.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 281.04 603.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 296.97 603.15 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 349.64 603.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 394.75 603.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 422.36 603.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 441.22 603.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 457.15 603.15 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 505.74 603.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 516.44 603.15 Td (acquisition ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.58 590.55 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 112.48 590.55 Td (over ) Tj ET Q
q 0 0 0 rg BT 134.06 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.81 590.55 Td (expected ) Tj ET Q
q 0 0 0 rg BT 190.04 590.55 Td (life ) Tj ET Q
q 0 0 0 rg BT 206.95 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 218.62 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.36 590.55 Td (contract. ) Tj ET Q
q 0 0 0 rg BT 273.72 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 276.43 590.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 295.68 590.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 321.33 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 333.00 590.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 373.82 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 384.91 590.55 Td (manage ) Tj ET Q
q 0 0 0 rg BT 420.48 590.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 447.90 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 458.98 590.55 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 508.55 590.55 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 537.43 590.55 Td (hedge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 77.26 577.95 Td (real ) Tj ET Q
q 0 0 0 rg BT 94.81 577.95 Td (estate ) Tj ET Q
q 0 0 0 rg BT 120.52 577.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 145.65 577.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 156.21 577.95 Td (funds-of-hedge ) Tj ET Q
q 0 0 0 rg BT 222.16 577.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 247.30 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 264.26 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 278.90 577.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 303.44 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.00 577.95 Td (trade ) Tj ET Q
q 0 0 0 rg BT 336.79 577.95 Td (names ) Tj ET Q
q 0 0 0 rg BT 365.42 577.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 380.04 577.95 Td (classified ) Tj ET Q
q 0 0 0 rg BT 421.50 577.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 432.06 577.95 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 491.59 577.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 535.39 577.95 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 565.13 577.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.83 565.35 Td (assignment ) Tj ET Q
q 0 0 0 rg BT 119.08 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.83 565.35 Td (indefinite ) Tj ET Q
q 0 0 0 rg BT 174.07 565.35 Td (lives ) Tj ET Q
q 0 0 0 rg BT 196.90 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 208.07 565.35 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 257.72 565.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 279.97 565.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 320.87 565.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 330.88 565.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 357.79 565.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 381.79 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.63 565.35 Td (assumption ) Tj ET Q
q 0 0 0 rg BT 448.46 565.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 467.21 565.35 Td (there ) Tj ET Q
q 0 0 0 rg BT 491.20 565.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 501.21 565.35 Td (no ) Tj ET Q
q 0 0 0 rg BT 514.71 565.35 Td (foreseeable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (limit ) Tj ET Q
q 0 0 0 rg BT 71.82 552.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 84.80 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.10 552.75 Td (contract ) Tj ET Q
q 0 0 0 rg BT 136.40 552.75 Td (period ) Tj ET Q
q 0 0 0 rg BT 165.70 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 176.35 552.75 Td (manage ) Tj ET Q
q 0 0 0 rg BT 211.47 552.75 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 260.60 552.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 286.41 552.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 304.05 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 314.70 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.00 552.75 Td (likelihood ) Tj ET Q
q 0 0 0 rg BT 375.06 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.29 552.75 Td (continued ) Tj ET Q
q 0 0 0 rg BT 430.17 552.75 Td (renewal ) Tj ET Q
q 0 0 0 rg BT 465.88 552.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 475.94 552.75 Td (little ) Tj ET Q
q 0 0 0 rg BT 497.67 552.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 508.89 552.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 521.87 552.75 Td (cost. ) Tj ET Q
q 0 0 0 rg BT 543.89 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 546.19 552.75 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (assignment ) Tj ET Q
q 0 0 0 rg BT 100.39 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.78 540.15 Td (indefinite ) Tj ET Q
q 0 0 0 rg BT 156.66 540.15 Td (lives ) Tj ET Q
q 0 0 0 rg BT 180.13 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 191.94 540.15 Td (trade ) Tj ET Q
q 0 0 0 rg BT 216.57 540.15 Td (names ) Tj ET Q
q 0 0 0 rg BT 247.04 540.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 257.69 540.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 285.24 540.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 299.38 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 315.85 540.15 Td (assumption ) Tj ET Q
q 0 0 0 rg BT 367.33 540.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 386.72 540.15 Td (they ) Tj ET Q
q 0 0 0 rg BT 408.44 540.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 424.90 540.15 Td (expected ) Tj ET Q
q 0 0 0 rg BT 465.85 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 477.66 540.15 Td (generate ) Tj ET Q
q 0 0 0 rg BT 516.86 540.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 539.16 540.15 Td (flows ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (indefinitely) Tj ET Q
q 0 0 0 rg BT 97.22 527.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (Goodwill ) Tj ET Q
q 0 0 0 rg BT 90.94 502.35 Td (represents ) Tj ET Q
q 0 0 0 rg BT 135.28 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.88 502.35 Td (residual ) Tj ET Q
q 0 0 0 rg BT 184.89 502.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 218.15 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.67 502.35 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 276.52 502.35 Td (cost ) Tj ET Q
q 0 0 0 rg BT 295.21 502.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 305.15 502.35 Td (excess ) Tj ET Q
q 0 0 0 rg BT 334.32 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.84 502.35 Td (identified ) Tj ET Q
q 0 0 0 rg BT 386.85 502.35 Td (tangible ) Tj ET Q
q 0 0 0 rg BT 422.45 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 439.38 502.35 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 483.14 502.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 509.41 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.34 502.35 Td (assumed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (liabilities. ) Tj ET Q
q 0 0 0 rg BT 94.84 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.47 489.75 Td (Indefinite-life ) Tj ET Q
q 0 0 0 rg BT 160.41 489.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 206.04 489.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 234.17 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 252.96 489.75 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 293.93 489.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 310.38 489.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 327.44 489.75 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 373.05 489.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 388.93 489.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 429.29 489.75 Td (statement ) Tj ET Q
q 0 0 0 rg BT 473.16 489.75 Td (purposes. ) Tj ET Q
q 0 0 0 rg BT 516.75 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 520.39 489.75 Td (Given ) Tj ET Q
q 0 0 0 rg BT 549.68 489.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (relative ) Tj ET Q
q 0 0 0 rg BT 84.01 477.15 Td (significance ) Tj ET Q
q 0 0 0 rg BT 137.77 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 149.55 477.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 194.57 477.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 222.10 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 240.29 477.15 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 280.65 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 291.85 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 307.71 477.15 Td (Company's ) Tj ET Q
q 0 0 0 rg BT 357.55 477.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 413.65 477.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 453.41 477.15 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 503.39 477.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 516.92 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 524.61 477.15 Td (quarterly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (basis ) Tj ET Q
q 0 0 0 rg BT 73.44 464.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 97.96 464.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 129.48 464.55 Td (considers ) Tj ET Q
q 0 0 0 rg BT 172.08 464.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 181.43 464.55 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 225.78 464.55 Td (events ) Tj ET Q
q 0 0 0 rg BT 255.55 464.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 278.31 464.55 Td (occurred ) Tj ET Q
q 0 0 0 rg BT 317.97 464.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 336.66 464.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 357.68 464.55 Td (indicate ) Tj ET Q
q 0 0 0 rg BT 393.85 464.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 412.54 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 428.31 464.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 445.82 464.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 475.58 464.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 498.35 464.55 Td (declined ) Tj ET Q
q 0 0 0 rg BT 536.85 464.55 Td (below ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (their ) Tj ET Q
q 0 0 0 rg BT 71.69 451.95 Td (respective ) Tj ET Q
q 0 0 0 rg BT 117.21 451.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 155.14 451.95 Td (amounts. ) Tj ET Q
q 0 0 0 rg BT 196.30 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 199.04 451.95 Td (T) Tj ET Q
q 0 0 0 rg BT 205.08 451.95 Td (riggering ) Tj ET Q
q 0 0 0 rg BT 246.52 451.95 Td (events ) Tj ET Q
q 0 0 0 rg BT 276.30 451.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 297.33 451.95 Td (include ) Tj ET Q
q 0 0 0 rg BT 331.19 451.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 378.46 451.95 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 413.48 451.95 Td (changes ) Tj ET Q
q 0 0 0 rg BT 450.25 451.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 461.37 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 477.15 451.95 Td (Company's ) Tj ET Q
q 0 0 0 rg BT 526.91 451.95 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 61.22 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 77.02 439.35 Td (legal ) Tj ET Q
q 0 0 0 rg BT 100.40 439.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 112.12 439.35 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 158.25 439.35 Td (environment, ) Tj ET Q
q 0 0 0 rg BT 216.91 439.35 Td (loss ) Tj ET Q
q 0 0 0 rg BT 236.23 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 247.95 439.35 Td (key ) Tj ET Q
q 0 0 0 rg BT 266.08 439.35 Td (personnel, ) Tj ET Q
q 0 0 0 rg BT 312.50 439.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 359.80 439.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 398.36 439.35 Td (dispositions, ) Tj ET Q
q 0 0 0 rg BT 454.14 439.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 465.86 439.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 490.41 439.35 Td (events, ) Tj ET Q
q 0 0 0 rg BT 522.83 439.35 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 86.61 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 98.07 426.75 Td (economic ) Tj ET Q
q 0 0 0 rg BT 142.17 426.75 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 202.02 426.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 223.98 426.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 241.26 426.75 Td (af) Tj ET Q
q 0 0 0 rg BT 249.23 426.75 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 281.10 426.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 300.13 426.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 319.76 426.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 351.62 426.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 379.98 426.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 422.93 426.75 Td (results. ) Tj ET Q
q 0 0 0 rg BT 456.26 426.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 459.55 426.75 Td (If ) Tj ET Q
q 0 0 0 rg BT 469.83 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 477.78 426.75 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 522.48 426.75 Td (event ) Tj ET Q
q 0 0 0 rg BT 548.50 426.75 Td (has ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (occurred, ) Tj ET Q
q 0 0 0 rg BT 93.74 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 111.45 414.15 Td (Company ) Tj ET Q
q 0 0 0 rg BT 157.17 414.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 178.39 414.15 Td (perform ) Tj ET Q
q 0 0 0 rg BT 217.10 414.15 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 271.56 414.15 Td (tests, ) Tj ET Q
q 0 0 0 rg BT 297.74 414.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 328.28 414.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 364.08 414.15 Td (critical ) Tj ET Q
q 0 0 0 rg BT 398.11 414.15 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 435.66 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 449.29 414.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 464.67 414.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 513.88 414.15 Td (factors ) Tj ET Q
q 0 0 0 rg BT 547.34 414.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (assumptions, ) Tj ET Q
q 0 0 0 rg BT 106.05 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 116.21 401.55 Td (determine ) Tj ET Q
q 0 0 0 rg BT 160.19 401.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 168.60 401.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 185.76 401.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 229.75 401.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 256.25 401.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 266.99 401.55 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 306.32 401.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 321.14 401.55 Td (impaired. ) Tj ET Q
q 0 0 0 rg BT 363.08 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 365.08 401.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 388.65 401.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 419.24 401.55 Td (considers ) Tj ET Q
q 0 0 0 rg BT 460.89 401.55 Td (factors ) Tj ET Q
q 0 0 0 rg BT 491.46 401.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 512.70 401.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 523.45 401.55 Td (projected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 70.01 388.95 Td (flows ) Tj ET Q
q 0 0 0 rg BT 95.20 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 112.21 388.95 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 147.29 388.95 Td (multiples, ) Tj ET Q
q 0 0 0 rg BT 190.85 388.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 200.87 388.95 Td (determine ) Tj ET Q
q 0 0 0 rg BT 244.70 388.95 Td (whether ) Tj ET Q
q 0 0 0 rg BT 280.37 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 295.05 388.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 319.64 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 330.24 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 344.92 388.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 371.27 388.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 380.13 388.95 Td (impaired ) Tj ET Q
q 0 0 0 rg BT 419.30 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 436.31 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 450.99 388.95 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 510.57 388.95 Td (assumptions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.71 376.35 Td (appropriate. ) Tj ET Q
q 0 0 0 rg BT 117.54 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 119.94 376.35 Td (If ) Tj ET Q
q 0 0 0 rg BT 129.33 376.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 141.63 376.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 164.44 376.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 173.84 376.35 Td (impaired, ) Tj ET Q
q 0 0 0 rg BT 216.18 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.41 376.35 Td (dif) Tj ET Q
q 0 0 0 rg BT 242.88 376.35 Td (ference ) Tj ET Q
q 0 0 0 rg BT 276.16 376.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 313.54 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 328.76 376.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 353.90 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.04 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.26 376.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 403.07 376.35 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 442.19 376.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 455.08 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.31 376.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 525.77 376.35 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (statements ) Tj ET Q
q 0 0 0 rg BT 96.54 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 114.41 363.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 127.04 363.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 159.48 363.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 176.76 363.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 202.21 363.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 211.93 363.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 260.70 363.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 272.15 363.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 284.78 363.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 321.31 363.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 332.18 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.72 363.75 Td (period ) Tj ET Q
q 0 0 0 rg BT 377.26 363.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 388.14 363.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 416.51 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 432.05 363.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 483.16 363.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 492.88 363.75 Td (determined. ) Tj ET Q
q 0 0 0 rg BT 545.45 363.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 548.16 363.75 Td (If ) Tj ET Q
q 0 0 0 rg BT 557.86 363.75 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 92.30 351.15 Td (event ) Tj ET Q
q 0 0 0 rg BT 116.43 351.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 131.82 351.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 146.63 351.15 Td (occurred, ) Tj ET Q
q 0 0 0 rg BT 187.37 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 201.59 351.15 Td (Company ) Tj ET Q
q 0 0 0 rg BT 243.81 351.15 Td (performs ) Tj ET Q
q 0 0 0 rg BT 283.11 351.15 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 334.07 351.15 Td (tests ) Tj ET Q
q 0 0 0 rg BT 354.13 351.15 Td (annually ) Tj ET Q
q 0 0 0 rg BT 391.68 351.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 400.65 351.15 Td (October ) Tj ET Q
q 0 0 0 rg BT 435.86 351.15 Td (31 ) Tj ET Q
q 0 0 0 rg BT 447.75 351.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 461.39 351.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 520.51 351.15 Td (intangible ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 77.01 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 95.19 338.55 Td (goodwill, ) Tj ET Q
q 0 0 0 rg BT 138.16 338.55 Td (unless ) Tj ET Q
q 0 0 0 rg BT 167.42 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.26 338.55 Td (Company ) Tj ET Q
q 0 0 0 rg BT 227.11 338.55 Td (can ) Tj ET Q
q 0 0 0 rg BT 244.69 338.55 Td (qualitatively ) Tj ET Q
q 0 0 0 rg BT 300.19 338.55 Td (conclude ) Tj ET Q
q 0 0 0 rg BT 341.11 338.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 359.86 338.55 Td (it ) Tj ET Q
q 0 0 0 rg BT 368.71 338.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 378.73 338.55 Td (more ) Tj ET Q
q 0 0 0 rg BT 403.32 338.55 Td (likely ) Tj ET Q
q 0 0 0 rg BT 430.24 338.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 451.34 338.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 467.77 338.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 486.52 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.37 338.55 Td (respective ) Tj ET Q
q 0 0 0 rg BT 547.94 338.55 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 79.49 325.95 Td (exceed ) Tj ET Q
q 0 0 0 rg BT 111.80 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 127.79 325.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 159.52 325.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 197.66 325.95 Td (values. ) Tj ET Q
q 0 0 0 rg BT 230.28 325.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 233.21 325.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 252.70 325.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 270.44 325.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 300.43 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 312.34 325.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 357.50 325.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 385.16 325.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 418.07 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 429.40 325.95 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 485.63 325.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 501.61 325.95 Td (considered ) Tj ET Q
q 0 0 0 rg BT 550.26 325.95 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 100.53 313.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 110.73 313.35 Td (each ) Tj ET Q
q 0 0 0 rg BT 132.59 313.35 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 173.70 313.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 203.15 313.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 228.53 313.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 241.07 313.35 Td (undiscounted ) Tj ET Q
q 0 0 0 rg BT 299.69 313.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 320.97 313.35 Td (flow ) Tj ET Q
q 0 0 0 rg BT 342.84 313.35 Td (analysis.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.01 288.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 109.92 288.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 136.34 288.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 156.92 288.15 Td (indefinite ) Tj ET Q
q 0 0 0 rg BT 199.08 288.15 Td (lives, ) Tj ET Q
q 0 0 0 rg BT 223.46 288.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 239.95 288.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 264.61 288.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 273.53 288.15 Td (determined ) Tj ET Q
q 0 0 0 rg BT 322.68 288.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 345.01 288.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 351.59 288.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 382.67 288.15 Td (participant's ) Tj ET Q
q 0 0 0 rg BT 435.46 288.15 Td (perspective ) Tj ET Q
q 0 0 0 rg BT 485.19 288.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 511.02 288.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 523.44 288.15 Td (projected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 97.67 275.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 119.01 275.55 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 147.65 275.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 175.98 275.55 Td (take ) Tj ET Q
q 0 0 0 rg BT 196.15 275.55 Td (into ) Tj ET Q
q 0 0 0 rg BT 215.17 275.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 274.41 275.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 316.17 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.59 275.55 Td (future ) Tj ET Q
q 0 0 0 rg BT 355.34 275.55 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 397.96 275.55 Td (profit ) Tj ET Q
q 0 0 0 rg BT 423.97 275.55 Td (mar) Tj ET Q
q 0 0 0 rg BT 440.10 275.55 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 462.91 275.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 495.33 275.55 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 520.46 275.55 Td (taxes, ) Tj ET Q
q 0 0 0 rg BT 547.34 275.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (discount ) Tj ET Q
q 0 0 0 rg BT 88.24 262.95 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 113.84 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 117.00 262.95 Td (Proprietary ) Tj ET Q
q 0 0 0 rg BT 167.39 262.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 189.79 262.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 230.85 262.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 249.75 262.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 265.73 262.95 Td (managed ) Tj ET Q
q 0 0 0 rg BT 306.78 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 325.10 262.95 Td (operated ) Tj ET Q
q 0 0 0 rg BT 364.40 262.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 376.31 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 384.13 262.95 Td (single ) Tj ET Q
q 0 0 0 rg BT 412.36 262.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 431.86 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 450.17 262.95 Td (meet ) Tj ET Q
q 0 0 0 rg BT 473.74 262.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 498.47 262.95 Td (criteria ) Tj ET Q
q 0 0 0 rg BT 531.35 262.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 552.59 262.95 Td (be ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (aggregated ) Tj ET Q
q 0 0 0 rg BT 97.75 250.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 112.19 250.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 162.78 250.35 Td (testing. ) Tj ET Q
q 0 0 0 rg BT 195.60 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 197.79 250.35 Td (Goodwill ) Tj ET Q
q 0 0 0 rg BT 239.66 250.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 248.85 250.35 Td (evaluated ) Tj ET Q
q 0 0 0 rg BT 291.27 250.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 301.04 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 316.06 250.35 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 356.75 250.35 Td (unit ) Tj ET Q
q 0 0 0 rg BT 375.27 250.35 Td (level, ) Tj ET Q
q 0 0 0 rg BT 400.50 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 417.85 250.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 427.05 250.35 Td (considered ) Tj ET Q
q 0 0 0 rg BT 474.72 250.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 489.16 250.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 539.76 250.35 Td (when ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.17 237.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 102.99 237.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 128.57 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.15 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.82 237.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 197.15 237.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 216.32 237.75 Td (exceeds ) Tj ET Q
q 0 0 0 rg BT 252.39 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 268.05 237.75 Td (implied ) Tj ET Q
q 0 0 0 rg BT 302.97 237.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 320.38 237.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 345.96 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 357.55 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 373.21 237.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 414.54 237.75 Td (unit. ) Tj ET Q
q 0 0 0 rg BT 436.34 237.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 439.18 237.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 450.76 237.75 Td (estimating ) Tj ET Q
q 0 0 0 rg BT 497.35 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.02 237.75 Td (implied ) Tj ET Q
q 0 0 0 rg BT 547.94 237.75 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.44 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 85.39 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.42 225.15 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 141.10 225.15 Td (unit, ) Tj ET Q
q 0 0 0 rg BT 162.27 225.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 186.04 225.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 216.83 225.15 Td (uses ) Tj ET Q
q 0 0 0 rg BT 237.11 225.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 278.38 225.15 Td (techniques ) Tj ET Q
q 0 0 0 rg BT 325.49 225.15 Td (principally ) Tj ET Q
q 0 0 0 rg BT 373.18 225.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 399.28 225.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 411.99 225.15 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 459.68 225.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 500.94 225.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 521.80 225.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 547.34 225.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 87.41 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 89.94 212.55 Td (multiples, ) Tj ET Q
q 0 0 0 rg BT 134.18 212.55 Td (similar ) Tj ET Q
q 0 0 0 rg BT 165.87 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 176.56 212.55 Td (techniques ) Tj ET Q
q 0 0 0 rg BT 223.99 212.55 Td (employed ) Tj ET Q
q 0 0 0 rg BT 267.92 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 278.62 212.55 Td (analyzing ) Tj ET Q
q 0 0 0 rg BT 321.96 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 337.31 212.55 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 377.16 212.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 400.67 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 411.94 212.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 424.38 212.55 Td (acquisition. ) Tj ET Q
q 0 0 0 rg BT 475.61 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 478.13 212.55 Td (Goodwill ) Tj ET Q
q 0 0 0 rg BT 520.33 212.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 529.86 212.55 Td (deemed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.76 199.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 71.76 199.95 Td (recoverable ) Tj ET Q
q 0 0 0 rg BT 122.81 199.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 132.48 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.40 199.95 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 187.97 199.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 206.40 199.95 Td (level, ) Tj ET Q
q 0 0 0 rg BT 231.52 199.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 259.27 199.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 268.36 199.95 Td (also ) Tj ET Q
q 0 0 0 rg BT 287.37 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.28 199.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 344.03 199.95 Td (segment ) Tj ET Q
q 0 0 0 rg BT 381.11 199.95 Td (level ) Tj ET Q
q 0 0 0 rg BT 403.60 199.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 421.44 199.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 445.10 199.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 475.77 199.95 Td (defines ) Tj ET Q
q 0 0 0 rg BT 508.19 199.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 519.02 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.94 199.95 Td (Global ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 74.40 187.35 Td (Management ) Tj ET Q
q 0 0 0 rg BT 130.78 187.35 Td (segment. ) Tj ET Q
q 0 0 0 rg BT 169.97 187.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 171.42 187.35 Td (This ) Tj ET Q
q 0 0 0 rg BT 191.66 187.35 Td (results ) Tj ET Q
q 0 0 0 rg BT 220.64 187.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 242.62 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.01 187.35 Td (fact ) Tj ET Q
q 0 0 0 rg BT 274.32 187.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 291.63 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 306.02 187.35 Td (chief ) Tj ET Q
q 0 0 0 rg BT 328.58 187.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 369.80 187.35 Td (decision ) Tj ET Q
q 0 0 0 rg BT 406.36 187.35 Td (maker) Tj ET Q
q 0 0 0 rg BT 432.17 187.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 436.37 187.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 459.51 187.35 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 495.64 187.35 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 520.53 187.35 Td (Executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (Of) Tj ET Q
q 0 0 0 rg BT 60.39 174.75 Td (ficer) Tj ET Q
q 0 0 0 rg BT 79.20 174.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 84.59 174.75 Td (regularly ) Tj ET Q
q 0 0 0 rg BT 125.25 174.75 Td (receives ) Tj ET Q
q 0 0 0 rg BT 162.41 174.75 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 197.82 174.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 237.32 174.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 289.66 174.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 300.00 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 315.59 174.75 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 371.42 174.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 402.16 174.75 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 428.25 174.75 Td (Management ) Tj ET Q
q 0 0 0 rg BT 485.83 174.75 Td (business ) Tj ET Q
q 0 0 0 rg BT 524.18 174.75 Td (level ) Tj ET Q
q 0 0 0 rg BT 547.35 174.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (does ) Tj ET Q
q 0 0 0 rg BT 72.19 162.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 89.05 162.15 Td (regularly ) Tj ET Q
q 0 0 0 rg BT 130.39 162.15 Td (receive ) Tj ET Q
q 0 0 0 rg BT 164.14 162.15 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 200.23 162.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 240.40 162.15 Td (information, ) Tj ET Q
q 0 0 0 rg BT 296.04 162.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 318.73 162.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 330.92 162.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 374.01 162.15 Td (results, ) Tj ET Q
q 0 0 0 rg BT 407.49 162.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 418.51 162.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 437.11 162.15 Td (lower ) Tj ET Q
q 0 0 0 rg BT 464.46 162.15 Td (level, ) Tj ET Q
q 0 0 0 rg BT 490.94 162.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 513.62 162.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 525.81 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 542.08 162.15 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 106.04 149.55 Td (af) Tj ET Q
q 0 0 0 rg BT 114.01 149.55 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 141.40 149.55 Td (level. ) Tj ET Q
q 0 0 0 rg BT 166.69 149.55 Td (Allocations ) Tj ET Q
q 0 0 0 rg BT 218.00 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 229.64 149.55 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 269.87 149.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 285.01 149.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 341.56 149.55 Td (restructures, ) Tj ET Q
q 0 0 0 rg BT 396.06 149.55 Td (acquisitions, ) Tj ET Q
q 0 0 0 rg BT 451.75 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 469.81 149.55 Td (dispositions ) Tj ET Q
q 0 0 0 rg BT 522.88 149.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 538.60 149.55 Td (based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.63 136.95 Td (relative ) Tj ET Q
q 0 0 0 rg BT 96.73 136.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 113.93 136.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 143.38 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 154.75 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 170.20 136.95 Td (respective ) Tj ET Q
q 0 0 0 rg BT 215.39 136.95 Td (businesses ) Tj ET Q
q 0 0 0 rg BT 262.35 136.95 Td (restructured, ) Tj ET Q
q 0 0 0 rg BT 317.74 136.95 Td (acquired, ) Tj ET Q
q 0 0 0 rg BT 359.14 136.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 370.51 136.95 Td (divested.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (See ) Tj ET Q
q 0 0 0 rg BT 66.91 111.75 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 89.57 111.75 Td (5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 94.82 111.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 97.08 111.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 111.57 111.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 155.81 111.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 207.64 111.75 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 250.12 111.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 294.36 111.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 321.11 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 338.52 111.75 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 378.11 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 395.52 111.75 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.18 111.75 Td (19) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 428.68 111.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 430.93 111.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 445.43 111.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 489.67 111.75 Td (business ) Tj ET Q
q 0 0 0 rg BT 527.51 111.75 Td (segment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (information.) Tj ET Q
endstream
endobj
209 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 210 0 R>>
endobj
210 0 obj
<</Length 37705>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (102) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Debt) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 96.94 729.30 Td (debt ) Tj ET Q
q 0 0 0 rg BT 117.56 729.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 127.11 729.30 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 166.37 729.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 176.49 729.30 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 221.01 729.30 Td (cost.� ) Tj ET Q
q 0 0 0 rg BT 245.72 729.30 Td (Unamortized ) Tj ET Q
q 0 0 0 rg BT 303.07 729.30 Td (premiums, ) Tj ET Q
q 0 0 0 rg BT 350.23 729.30 Td (discounts, ) Tj ET Q
q 0 0 0 rg BT 395.07 729.30 Td (debt ) Tj ET Q
q 0 0 0 rg BT 415.69 729.30 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 453.80 729.30 Td (costs ) Tj ET Q
q 0 0 0 rg BT 477.34 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 495.04 729.30 Td (fair ) Tj ET Q
q 0 0 0 rg BT 512.15 729.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 537.43 729.30 Td (hedge ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 102.60 716.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 134.11 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 145.21 716.70 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 189.56 716.70 Td (debt ) Tj ET Q
q 0 0 0 rg BT 210.57 716.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 226.33 716.70 Td (presented ) Tj ET Q
q 0 0 0 rg BT 269.50 716.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 280.61 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.38 716.70 Td (balance ) Tj ET Q
q 0 0 0 rg BT 331.38 716.70 Td (sheet ) Tj ET Q
q 0 0 0 rg BT 355.89 716.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 367.58 716.70 Td (direct ) Tj ET Q
q 0 0 0 rg BT 394.42 716.70 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 447.52 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 458.63 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 474.39 716.70 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 512.31 716.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 537.99 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.68 716.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (associated ) Tj ET Q
q 0 0 0 rg BT 95.28 704.10 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 139.31 704.10 Td (debt ) Tj ET Q
q 0 0 0 rg BT 160.01 704.10 Td (liability ) Tj ET Q
q 0 0 0 rg BT 195.30 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 213.09 704.10 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 257.69 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 268.48 704.10 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 302.60 704.10 Td (expense ) Tj ET Q
q 0 0 0 rg BT 339.04 704.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 360.32 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.77 704.10 Td (legal ) Tj ET Q
q 0 0 0 rg BT 398.81 704.10 Td (term ) Tj ET Q
q 0 0 0 rg BT 420.67 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 432.04 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 447.50 704.10 Td (associated ) Tj ET Q
q 0 0 0 rg BT 493.27 704.10 Td (debt.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (T) Tj ET Q
q 0 0 0 rg BT 55.72 678.90 Td (ranslation ) Tj ET Q
q 0 0 0 rg BT 103.86 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 115.23 678.90 Td (For) Tj ET Q
q 0 0 0 rg BT 131.36 678.90 Td (eign ) Tj ET Q
q 0 0 0 rg BT 152.66 678.90 Td (Curr) Tj ET Q
q 0 0 0 rg BT 175.21 678.90 Td (encies) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 79.57 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 97.38 666.30 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 139.11 666.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 150.51 666.30 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 183.48 666.30 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 235.71 666.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 254.10 666.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 269.57 666.30 Td (denominated ) Tj ET Q
q 0 0 0 rg BT 326.45 666.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 337.27 666.30 Td (non-U.S. ) Tj ET Q
q 0 0 0 rg BT 377.84 666.30 Td (dollar ) Tj ET Q
q 0 0 0 rg BT 404.98 666.30 Td (functional ) Tj ET Q
q 0 0 0 rg BT 450.20 666.30 Td (currencies ) Tj ET Q
q 0 0 0 rg BT 495.99 666.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 511.45 666.30 Td (translated ) Tj ET Q
q 0 0 0 rg BT 554.92 666.30 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 91.32 653.70 Td (rates ) Tj ET Q
q 0 0 0 rg BT 113.33 653.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 124.26 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 135.18 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 150.19 653.70 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 207.79 653.70 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 243.78 653.70 Td (Sheet ) Tj ET Q
q 0 0 0 rg BT 269.29 653.70 Td (dates. ) Tj ET Q
q 0 0 0 rg BT 295.68 653.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 297.86 653.70 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 340.86 653.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 358.20 653.70 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 398.29 653.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 413.29 653.70 Td (translated ) Tj ET Q
q 0 0 0 rg BT 456.29 653.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 466.05 653.70 Td (average ) Tj ET Q
q 0 0 0 rg BT 500.87 653.70 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 542.69 653.70 Td (rates ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 79.42 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 94.76 641.10 Td (period. ) Tj ET Q
q 0 0 0 rg BT 126.72 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 129.05 641.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 147.88 641.10 Td (gains ) Tj ET Q
q 0 0 0 rg BT 172.56 641.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 183.81 641.10 Td (losses ) Tj ET Q
q 0 0 0 rg BT 211.41 641.10 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 250.67 641.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 273.59 641.10 Td (translating ) Tj ET Q
q 0 0 0 rg BT 320.42 641.10 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 353.25 641.10 Td (currency ) Tj ET Q
q 0 0 0 rg BT 392.49 641.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 431.73 641.10 Td (statements ) Tj ET Q
q 0 0 0 rg BT 478.56 641.10 Td (into ) Tj ET Q
q 0 0 0 rg BT 497.41 641.10 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 518.59 641.10 Td (dollars ) Tj ET Q
q 0 0 0 rg BT 549.68 641.10 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 90.28 628.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 103.07 628.50 Td (stockholders' ) Tj ET Q
q 0 0 0 rg BT 162.66 628.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 193.53 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 213.31 628.50 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 281.50 628.50 Td (income ) Tj ET Q
q 0 0 0 rg BT 317.03 628.50 Td (\(loss\). ) Tj ET Q
q 0 0 0 rg BT 347.61 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 352.23 628.50 Td (Gains ) Tj ET Q
q 0 0 0 rg BT 381.35 628.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 394.72 628.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 424.43 628.50 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 465.80 628.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 490.83 628.50 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 525.78 628.50 Td (currency ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 102.28 615.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 117.72 615.90 Td (included ) Tj ET Q
q 0 0 0 rg BT 156.50 615.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 167.30 615.90 Td (Net ) Tj ET Q
q 0 0 0 rg BT 185.08 615.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 219.19 615.90 Td (\(Loss\).) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (Loss ) Tj ET Q
q 0 0 0 rg BT 72.55 590.70 Td (Contingencies) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.65 578.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 104.81 578.10 Td (accrues ) Tj ET Q
q 0 0 0 rg BT 138.85 578.10 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 180.50 578.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 195.32 578.10 Td (loss ) Tj ET Q
q 0 0 0 rg BT 214.23 578.10 Td (contingencies ) Tj ET Q
q 0 0 0 rg BT 274.54 578.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 305.68 578.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 316.42 578.10 Td (legal ) Tj ET Q
q 0 0 0 rg BT 339.40 578.10 Td (actions, ) Tj ET Q
q 0 0 0 rg BT 374.34 578.10 Td (investigations, ) Tj ET Q
q 0 0 0 rg BT 437.87 578.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 455.60 578.10 Td (proceedings, ) Tj ET Q
q 0 0 0 rg BT 511.54 578.10 Td (exclusive ) Tj ET Q
q 0 0 0 rg BT 553.76 578.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (legal ) Tj ET Q
q 0 0 0 rg BT 71.84 565.50 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 93.31 565.50 Td (when ) Tj ET Q
q 0 0 0 rg BT 117.99 565.50 Td (it ) Tj ET Q
q 0 0 0 rg BT 125.76 565.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 134.70 565.50 Td (probable ) Tj ET Q
q 0 0 0 rg BT 173.37 565.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 191.05 565.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 197.64 565.50 Td (liability ) Tj ET Q
q 0 0 0 rg BT 232.25 565.50 Td (has ) Tj ET Q
q 0 0 0 rg BT 248.18 565.50 Td (been ) Tj ET Q
q 0 0 0 rg BT 269.93 565.50 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 306.85 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 323.95 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.71 565.50 Td (amount ) Tj ET Q
q 0 0 0 rg BT 372.14 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 382.83 565.50 Td (loss ) Tj ET Q
q 0 0 0 rg BT 401.10 565.50 Td (can ) Tj ET Q
q 0 0 0 rg BT 417.61 565.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 429.45 565.50 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 476.87 565.50 Td (estimated. ) Tj ET Q
q 0 0 0 rg BT 521.67 565.50 Td (Estimates ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.35 552.90 Td (losses ) Tj ET Q
q 0 0 0 rg BT 92.04 552.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 105.14 552.90 Td (matters ) Tj ET Q
q 0 0 0 rg BT 138.65 552.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 157.00 552.90 Td (exist ) Tj ET Q
q 0 0 0 rg BT 179.43 552.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 190.78 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.13 552.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 217.56 552.90 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 258.66 552.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 278.75 552.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 299.43 552.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 311.94 552.90 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 349.54 552.90 Td (prior ) Tj ET Q
q 0 0 0 rg BT 372.55 552.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 383.32 552.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 398.75 552.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 429.92 552.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 469.25 552.90 Td (statement ) Tj ET Q
q 0 0 0 rg BT 512.10 552.90 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 550.27 552.90 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (changes ) Tj ET Q
q 0 0 0 rg BT 85.87 540.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 96.58 540.30 Td (likelihood ) Tj ET Q
q 0 0 0 rg BT 141.71 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 153.01 540.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 165.47 540.30 Td (outcome ) Tj ET Q
q 0 0 0 rg BT 204.17 540.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 215.46 540.30 Td (estimable ) Tj ET Q
q 0 0 0 rg BT 258.25 540.30 Td (amounts. ) Tj ET Q
q 0 0 0 rg BT 299.01 540.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 301.56 540.30 Td (Related ) Tj ET Q
q 0 0 0 rg BT 336.17 540.30 Td (insurance ) Tj ET Q
q 0 0 0 rg BT 378.95 540.30 Td (recoveries ) Tj ET Q
q 0 0 0 rg BT 424.64 540.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 440.01 540.30 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 479.28 540.30 Td (separately ) Tj ET Q
q 0 0 0 rg BT 524.39 540.30 Td (when ) Tj ET Q
q 0 0 0 rg BT 549.68 540.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (underwriter ) Tj ET Q
q 0 0 0 rg BT 101.10 527.70 Td (has ) Tj ET Q
q 0 0 0 rg BT 117.73 527.70 Td (confirmed ) Tj ET Q
q 0 0 0 rg BT 163.50 527.70 Td (coverage ) Tj ET Q
q 0 0 0 rg BT 204.01 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 215.39 527.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 222.67 527.70 Td (specific ) Tj ET Q
q 0 0 0 rg BT 257.95 527.70 Td (claim ) Tj ET Q
q 0 0 0 rg BT 283.90 527.70 Td (amount. ) Tj ET Q
q 0 0 0 rg BT 320.64 527.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 323.27 527.70 Td (See ) Tj ET Q
q 0 0 0 rg BT 341.05 527.70 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 364.09 527.70 Td (9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 369.34 527.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 371.96 527.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 386.83 527.70 Td (additional ) Tj ET Q
q 0 0 0 rg BT 431.45 527.70 Td (information.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (Stock-Based ) Tj ET Q
q 0 0 0 rg BT 107.55 502.50 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.34 489.90 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 112.17 489.90 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 165.00 489.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 226.59 489.90 Td (includes ) Tj ET Q
q 0 0 0 rg BT 264.85 489.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 307.18 489.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 332.61 489.90 Td (units, ) Tj ET Q
q 0 0 0 rg BT 358.92 489.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 384.35 489.90 Td (options, ) Tj ET Q
q 0 0 0 rg BT 421.17 489.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 434.34 489.90 Td (employee ) Tj ET Q
q 0 0 0 rg BT 478.43 489.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 503.86 489.90 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 544.44 489.90 Td (plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (\("ESPP"\), ) Tj ET Q
q 0 0 0 rg BT 95.21 477.30 Td (market- ) Tj ET Q
q 0 0 0 rg BT 131.45 477.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 150.21 477.30 Td (performance-based ) Tj ET Q
q 0 0 0 rg BT 234.25 477.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 290.89 477.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 320.72 477.30 Td (payable ) Tj ET Q
q 0 0 0 rg BT 356.96 477.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 368.72 477.30 Td (common ) Tj ET Q
q 0 0 0 rg BT 409.05 477.30 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 437.43 477.30 Td (management ) Tj ET Q
q 0 0 0 rg BT 494.67 477.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 524.51 477.30 Td (plans ) Tj ET Q
q 0 0 0 rg BT 550.26 477.30 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 80.53 464.70 Td (af) Tj ET Q
q 0 0 0 rg BT 88.50 464.70 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 119.54 464.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 137.18 464.70 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 174.62 464.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 235.41 464.70 Td (payable ) Tj ET Q
q 0 0 0 rg BT 270.53 464.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 281.16 464.70 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 308.42 464.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 310.89 464.70 Td (Under ) Tj ET Q
q 0 0 0 rg BT 339.60 464.70 Td (its ) Tj ET Q
q 0 0 0 rg BT 351.99 464.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 376.63 464.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 437.42 464.70 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 464.68 464.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 488.72 464.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 519.78 464.70 Td (has ) Tj ET Q
q 0 0 0 rg BT 536.24 464.70 Td (issued ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 78.06 452.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 110.10 452.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 120.58 452.10 Td (directors, ) Tj ET Q
q 0 0 0 rg BT 162.25 452.10 Td (of) Tj ET Q
q 0 0 0 rg BT 170.81 452.10 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 199.06 452.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.53 452.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 240.41 452.10 Td (key ) Tj ET Q
q 0 0 0 rg BT 257.88 452.10 Td (employees. ) Tj ET Q
q 0 0 0 rg BT 307.72 452.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 310.03 452.10 Td (Under ) Tj ET Q
q 0 0 0 rg BT 338.58 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.72 452.10 Td (terms ) Tj ET Q
q 0 0 0 rg BT 379.36 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 390.41 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 405.55 452.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 422.86 452.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 438.06 452.10 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 489.64 452.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 513.53 452.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 544.42 452.10 Td (may ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 64.69 439.50 Td (grant ) Tj ET Q
q 0 0 0 rg BT 88.03 439.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 104.96 439.50 Td (new ) Tj ET Q
q 0 0 0 rg BT 124.22 439.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 155.73 439.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 166.24 439.50 Td (amend ) Tj ET Q
q 0 0 0 rg BT 196.00 439.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 206.52 439.50 Td (modify ) Tj ET Q
q 0 0 0 rg BT 238.62 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.22 439.50 Td (terms ) Tj ET Q
q 0 0 0 rg BT 278.31 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 288.83 439.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 305.76 439.50 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 356.53 439.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 388.03 439.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 413.71 439.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 430.64 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 441.16 439.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 452.85 439.50 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 504.18 439.50 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (plans. ) Tj ET Q
q 0 0 0 rg BT 76.39 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 78.49 426.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 89.33 426.90 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 128.47 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.39 426.90 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 182.81 426.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 193.65 426.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 221.99 426.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 248.00 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.92 426.90 Td (ESPP) Tj ET Q
q 0 0 0 rg BT 286.47 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 288.56 426.90 Td (ceased ) Tj ET Q
q 0 0 0 rg BT 318.64 426.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 328.91 426.90 Td (February ) Tj ET Q
q 0 0 0 rg BT 368.91 426.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 392.01 426.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 409.27 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.19 426.90 Td (ESPP) Tj ET Q
q 0 0 0 rg BT 447.74 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 449.83 426.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 468.27 426.90 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 510.01 426.90 Td (immediately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (prior ) Tj ET Q
q 0 0 0 rg BT 72.54 414.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 83.33 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 98.78 414.30 Td (closing ) Tj ET Q
q 0 0 0 rg BT 131.74 414.30 Td (date ) Tj ET Q
q 0 0 0 rg BT 151.85 414.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 163.22 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.68 414.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 195.98 414.30 Td (ger) Tj ET Q
q 0 0 0 rg BT 208.81 414.30 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.34 389.10 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 109.65 389.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 130.41 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.33 389.10 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 190.57 389.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 238.73 389.10 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 281.35 389.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 341.76 389.10 Td (expense ) Tj ET Q
q 0 0 0 rg BT 377.68 389.10 Td (includes ) Tj ET Q
q 0 0 0 rg BT 414.76 389.10 Td (costs ) Tj ET Q
q 0 0 0 rg BT 437.86 389.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 452.20 389.10 Td (all ) Tj ET Q
q 0 0 0 rg BT 464.79 389.10 Td (non-vested ) Tj ET Q
q 0 0 0 rg BT 512.95 389.10 Td (share-based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 81.27 376.50 Td (classified ) Tj ET Q
q 0 0 0 rg BT 122.96 376.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 133.74 376.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 162.02 376.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 171.63 376.50 Td (their ) Tj ET Q
q 0 0 0 rg BT 192.91 376.50 Td (grant ) Tj ET Q
q 0 0 0 rg BT 216.52 376.50 Td (date ) Tj ET Q
q 0 0 0 rg BT 236.04 376.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 252.65 376.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 277.42 376.50 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 321.43 376.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 342.13 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 356.99 376.50 Td (respective ) Tj ET Q
q 0 0 0 rg BT 401.58 376.50 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 433.95 376.50 Td (periods, ) Tj ET Q
q 0 0 0 rg BT 469.52 376.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 497.21 376.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 517.33 376.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 529.27 376.50 Td (reduced ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 65.13 363.90 Td (retirement-eligible ) Tj ET Q
q 0 0 0 rg BT 146.64 363.90 Td (recipients, ) Tj ET Q
q 0 0 0 rg BT 193.47 363.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 207.35 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.56 363.90 Td (straight-line ) Tj ET Q
q 0 0 0 rg BT 277.68 363.90 Td (method. ) Tj ET Q
q 0 0 0 rg BT 315.18 363.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 318.32 363.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 338.03 363.90 Td (grant-date ) Tj ET Q
q 0 0 0 rg BT 383.97 363.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 401.92 363.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 428.04 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 440.17 363.90 Td (equity-classified ) Tj ET Q
q 0 0 0 rg BT 512.95 363.90 Td (share-based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 82.19 351.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 103.81 351.30 Td (immediate ) Tj ET Q
q 0 0 0 rg BT 151.08 351.30 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 184.36 351.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 194.32 351.30 Td (also ) Tj ET Q
q 0 0 0 rg BT 214.19 351.30 Td (included ) Tj ET Q
q 0 0 0 rg BT 253.29 351.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 264.41 351.30 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 328.03 351.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 346.14 351.30 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 382.33 351.30 Td (expense. ) Tj ET Q
q 0 0 0 rg BT 421.73 351.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 424.46 351.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 443.74 351.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 461.04 351.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 476.75 351.30 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 526.35 351.30 Td (provides ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 63.44 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 77.96 338.70 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 122.80 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.24 338.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 145.43 338.70 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 196.12 338.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 224.06 338.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 255.49 338.70 Td (\(vested ) Tj ET Q
q 0 0 0 rg BT 287.50 338.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 304.35 338.70 Td (unvested\), ) Tj ET Q
q 0 0 0 rg BT 349.49 338.70 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 395.51 338.70 Td (upon ) Tj ET Q
q 0 0 0 rg BT 418.20 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 432.72 338.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 450.02 338.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 465.12 338.70 Td (closing. ) Tj ET Q
q 0 0 0 rg BT 499.77 338.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 501.34 338.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 519.36 338.70 Td (settlement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.56 326.10 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 100.20 326.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 132.25 326.10 Td (accommodates ) Tj ET Q
q 0 0 0 rg BT 196.95 326.10 Td (Franklin's ) Tj ET Q
q 0 0 0 rg BT 240.82 326.10 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 289.21 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 300.27 326.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 324.16 326.10 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 357.68 326.10 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 400.51 326.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 424.40 326.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 455.29 326.10 Td (does ) Tj ET Q
q 0 0 0 rg BT 476.85 326.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 492.58 326.10 Td (incur ) Tj ET Q
q 0 0 0 rg BT 516.47 326.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 533.94 326.10 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.50 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 99.33 313.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 160.28 313.50 Td (expense. ) Tj ET Q
q 0 0 0 rg BT 199.35 313.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.30 Td (Excess ) Tj ET Q
q 0 0 0 rg BT 80.36 288.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 94.90 288.30 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 129.84 288.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 146.70 288.30 Td (deficiencies ) Tj ET Q
q 0 0 0 rg BT 198.55 288.30 Td (associated ) Tj ET Q
q 0 0 0 rg BT 243.40 288.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 263.78 288.30 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 315.05 288.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 375.07 288.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 389.60 288.30 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 437.36 288.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 447.81 288.30 Td (discrete ) Tj ET Q
q 0 0 0 rg BT 482.16 288.30 Td (items ) Tj ET Q
q 0 0 0 rg BT 506.62 288.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 516.49 288.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.02 288.30 Td (Income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 63.78 275.70 Td (provision ) Tj ET Q
q 0 0 0 rg BT 104.90 275.70 Td (\(benefit\) ) Tj ET Q
q 0 0 0 rg BT 142.50 275.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 152.12 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.41 275.70 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 223.27 275.70 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 270.80 275.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 281.00 275.70 Td (Income ) Tj ET Q
q 0 0 0 rg BT 313.94 275.70 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 342.23 275.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 351.85 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 366.13 275.70 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 406.07 275.70 Td (period ) Tj ET Q
q 0 0 0 rg BT 434.35 275.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 443.97 275.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 471.09 275.70 Td (they ) Tj ET Q
q 0 0 0 rg BT 490.62 275.70 Td (occur) Tj ET Q
q 0 0 0 rg BT 513.52 275.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 517.59 275.70 Td (potentially ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (increasing ) Tj ET Q
q 0 0 0 rg BT 95.19 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 110.55 263.10 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 151.00 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.28 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 177.64 263.10 Td (Income ) Tj ET Q
q 0 0 0 rg BT 211.66 263.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 227.03 263.10 Td (provision ) Tj ET Q
q 0 0 0 rg BT 269.23 263.10 Td (\(benefit\) ) Tj ET Q
q 0 0 0 rg BT 307.91 263.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 319.19 263.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 326.39 263.10 Td (result ) Tj ET Q
q 0 0 0 rg BT 352.25 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 363.54 263.10 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 415.65 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 426.35 263.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 450.46 263.10 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 487.55 263.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 512.25 263.10 Td (price. ) Tj ET Q
q 0 0 0 rg BT 538.40 263.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 540.94 263.10 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 81.39 250.50 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 121.44 250.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 136.99 250.50 Td (forfeitures ) Tj ET Q
q 0 0 0 rg BT 184.03 250.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 196.09 250.50 Td (they ) Tj ET Q
q 0 0 0 rg BT 217.47 250.50 Td (occur) Tj ET Q
q 0 0 0 rg BT 240.21 250.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 246.15 250.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 249.46 250.50 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 273.77 250.50 Td (flows ) Tj ET Q
q 0 0 0 rg BT 300.41 250.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 332.28 250.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 343.76 250.50 Td (income ) Tj ET Q
q 0 0 0 rg BT 377.98 250.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 394.11 250.50 Td (deductions ) Tj ET Q
q 0 0 0 rg BT 442.92 250.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 454.39 250.50 Td (excess ) Tj ET Q
q 0 0 0 rg BT 485.11 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 497.16 250.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 509.22 250.50 Td (less ) Tj ET Q
q 0 0 0 rg BT 528.28 250.50 Td (than ) Tj ET Q
q 0 0 0 rg BT 549.67 250.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 82.07 237.90 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 135.64 237.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 197.97 237.90 Td (expense ) Tj ET Q
q 0 0 0 rg BT 235.79 237.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 252.62 237.90 Td (classified ) Tj ET Q
q 0 0 0 rg BT 296.28 237.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 309.03 237.90 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 334.04 237.90 Td (Flows ) Tj ET Q
q 0 0 0 rg BT 363.72 237.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 388.14 237.90 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 433.24 237.90 Td (Activities ) Tj ET Q
q 0 0 0 rg BT 478.08 237.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 490.25 237.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.09 237.90 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 98.20 225.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.57 225.30 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 133.20 225.30 Td (Flows.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 72.90 200.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 103.30 200.10 Td (determines ) Tj ET Q
q 0 0 0 rg BT 151.19 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.84 200.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 182.24 200.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 206.80 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 217.37 200.10 Td (option-like ) Tj ET Q
q 0 0 0 rg BT 265.27 200.10 Td (af) Tj ET Q
q 0 0 0 rg BT 273.24 200.10 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 299.55 200.10 Td (management ) Tj ET Q
q 0 0 0 rg BT 355.02 200.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 383.08 200.10 Td (plan ) Tj ET Q
q 0 0 0 rg BT 402.98 200.10 Td (grants ) Tj ET Q
q 0 0 0 rg BT 430.47 200.10 Td (using ) Tj ET Q
q 0 0 0 rg BT 455.05 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 469.70 200.10 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 532.17 200.10 Td (option-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 82.25 187.50 Td (model, ) Tj ET Q
q 0 0 0 rg BT 114.12 187.50 Td (subject ) Tj ET Q
q 0 0 0 rg BT 146.87 187.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 158.05 187.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 176.21 187.50 Td (post-vesting ) Tj ET Q
q 0 0 0 rg BT 230.55 187.50 Td (illiquidity ) Tj ET Q
q 0 0 0 rg BT 274.98 187.50 Td (discounts. ) Tj ET Q
q 0 0 0 rg BT 320.28 187.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 323.28 187.50 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 379.93 187.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 405.09 187.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 428.52 187.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 444.34 187.50 Td (valued ) Tj ET Q
q 0 0 0 rg BT 475.34 187.50 Td (using ) Tj ET Q
q 0 0 0 rg BT 501.10 187.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 508.76 187.50 Td (Monte ) Tj ET Q
q 0 0 0 rg BT 539.18 187.50 Td (Carlo ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 81.87 174.90 Td (model. ) Tj ET Q
q 0 0 0 rg BT 113.36 174.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 115.99 174.90 Td (See ) Tj ET Q
q 0 0 0 rg BT 133.77 174.90 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 156.81 174.90 Td (12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 167.31 174.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 169.94 174.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 184.80 174.90 Td (additional ) Tj ET Q
q 0 0 0 rg BT 229.42 174.90 Td (information ) Tj ET Q
q 0 0 0 rg BT 281.62 174.90 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 324.48 174.90 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 376.67 174.90 Td (compensation.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 92.97 149.70 Td (Per) Tj ET Q
q 0 0 0 rg BT 108.52 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 111.14 149.70 Td (Shar) Tj ET Q
q 0 0 0 rg BT 132.54 149.70 Td (e) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (Basic ) Tj ET Q
q 0 0 0 rg BT 75.09 137.10 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 112.93 137.10 Td (per ) Tj ET Q
q 0 0 0 rg BT 128.60 137.10 Td (share ) Tj ET Q
q 0 0 0 rg BT 153.02 137.10 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 203.10 137.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 213.53 137.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 237.37 137.10 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 270.84 137.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 289.13 137.10 Td (shareholders ) Tj ET Q
q 0 0 0 rg BT 344.46 137.10 Td (\("EPS"\) ) Tj ET Q
q 0 0 0 rg BT 380.39 137.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 389.65 137.10 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 434.47 137.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 447.24 137.10 Td (dividing ) Tj ET Q
q 0 0 0 rg BT 484.50 137.10 Td (Net ) Tj ET Q
q 0 0 0 rg BT 501.93 137.10 Td (Income ) Tj ET Q
q 0 0 0 rg BT 535.68 137.10 Td (\(Loss\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 102.33 124.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 112.58 124.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 136.25 124.50 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 169.55 124.50 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 187.67 124.50 Td (\(adjusted ) Tj ET Q
q 0 0 0 rg BT 228.25 124.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 238.50 124.50 Td (remove ) Tj ET Q
q 0 0 0 rg BT 272.08 124.50 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 309.74 124.50 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 349.72 124.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 359.98 124.50 Td (participating ) Tj ET Q
q 0 0 0 rg BT 415.14 124.50 Td (securities\) ) Tj ET Q
q 0 0 0 rg BT 460.38 124.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 472.96 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.88 124.50 Td (weighted-average ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.90 Td (number ) Tj ET Q
q 0 0 0 rg BT 83.45 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.07 111.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 122.19 111.90 Td (outstanding, ) Tj ET Q
q 0 0 0 rg BT 175.69 111.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 203.22 111.90 Td (excludes ) Tj ET Q
q 0 0 0 rg BT 241.83 111.90 Td (participating ) Tj ET Q
q 0 0 0 rg BT 296.77 111.90 Td (securities. ) Tj ET Q
q 0 0 0 rg BT 340.93 111.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 342.80 111.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 366.25 111.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 396.71 111.90 Td (has ) Tj ET Q
q 0 0 0 rg BT 412.58 111.90 Td (issued ) Tj ET Q
q 0 0 0 rg BT 440.71 111.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 450.75 111.90 Td (employees ) Tj ET Q
q 0 0 0 rg BT 497.53 111.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 538.47 111.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 540.34 111.90 Td (stock ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (units ) Tj ET Q
q 0 0 0 rg BT 72.10 99.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 90.02 99.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 105.02 99.30 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 139.85 99.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 150.19 99.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 162.28 99.30 Td (participating ) Tj ET Q
q 0 0 0 rg BT 217.52 99.30 Td (securities ) Tj ET Q
q 0 0 0 rg BT 259.35 99.30 Td (prior ) Tj ET Q
q 0 0 0 rg BT 281.94 99.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 292.29 99.30 Td (vesting, ) Tj ET Q
q 0 0 0 rg BT 327.42 99.30 Td (because ) Tj ET Q
q 0 0 0 rg BT 362.83 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 377.83 99.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 408.58 99.30 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 448.08 99.30 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 489.32 99.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 513.66 99.30 Td (units ) Tj ET Q
q 0 0 0 rg BT 536.26 99.30 Td (entitle ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.70 Td (their ) Tj ET Q
q 0 0 0 rg BT 71.34 86.70 Td (holder ) Tj ET Q
q 0 0 0 rg BT 100.76 86.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 111.52 86.70 Td (nonforfeitable ) Tj ET Q
q 0 0 0 rg BT 173.59 86.70 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 212.93 86.70 Td (rights. ) Tj ET Q
q 0 0 0 rg BT 242.06 86.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 253.40 86.70 Td (this ) Tj ET Q
q 0 0 0 rg BT 271.17 86.70 Td (circumstance, ) Tj ET Q
q 0 0 0 rg BT 331.78 86.70 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 380.44 86.70 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 420.93 86.70 Td (requires ) Tj ET Q
q 0 0 0 rg BT 457.34 86.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 464.60 86.70 Td (�two-class ) Tj ET Q
q 0 0 0 rg BT 511.51 86.70 Td (method� ) Tj ET Q
q 0 0 0 rg BT 550.26 86.70 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.10 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 70.05 74.10 Td (calculations ) Tj ET Q
q 0 0 0 rg BT 122.65 74.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 140.84 74.10 Td (excludes ) Tj ET Q
q 0 0 0 rg BT 180.03 74.10 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 218.06 74.10 Td (\(potentially ) Tj ET Q
q 0 0 0 rg BT 268.91 74.10 Td (both ) Tj ET Q
q 0 0 0 rg BT 290.03 74.10 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 337.40 74.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 355.01 74.10 Td (undistributed\) ) Tj ET Q
q 0 0 0 rg BT 416.37 74.10 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 456.72 74.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 467.34 74.10 Td (participating ) Tj ET Q
q 0 0 0 rg BT 522.86 74.10 Td (securities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.33 61.50 Td (does ) Tj ET Q
q 0 0 0 rg BT 89.24 61.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 105.32 61.50 Td (allocate ) Tj ET Q
q 0 0 0 rg BT 140.63 61.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 168.39 61.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 179.22 61.50 Td (participating ) Tj ET Q
q 0 0 0 rg BT 234.95 61.50 Td (securities. ) Tj ET Q
q 0 0 0 rg BT 279.90 61.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 282.56 61.50 Td (Contingently ) Tj ET Q
q 0 0 0 rg BT 340.06 61.50 Td (issuable ) Tj ET Q
q 0 0 0 rg BT 376.56 61.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 405.47 61.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 420.95 61.50 Td (excluded ) Tj ET Q
q 0 0 0 rg BT 461.52 61.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 484.59 61.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 513.50 61.50 Td (outstanding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.37 48.90 Td (basic ) Tj ET Q
q 0 0 0 rg BT 88.57 48.90 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 109.29 48.90 Td (until ) Tj ET Q
q 0 0 0 rg BT 131.16 48.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.62 48.90 Td (contingency ) Tj ET Q
q 0 0 0 rg BT 200.56 48.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 210.19 48.90 Td (resolved. ) Tj ET Q
q 0 0 0 rg BT 251.01 48.90 Td ( ) Tj ET Q
endstream
endobj
211 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 212 0 R>>
endobj
212 0 obj
<</Length 36128>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (103) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (Diluted ) Tj ET Q
q 0 0 0 rg BT 84.45 741.75 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 106.00 741.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 116.45 741.75 Td (similar ) Tj ET Q
q 0 0 0 rg BT 149.07 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 160.69 741.75 Td (basic ) Tj ET Q
q 0 0 0 rg BT 185.72 741.75 Td (EPS, ) Tj ET Q
q 0 0 0 rg BT 209.89 741.75 Td (but ) Tj ET Q
q 0 0 0 rg BT 226.76 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 243.04 741.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 251.01 741.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 270.20 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 282.40 741.75 Td (potential ) Tj ET Q
q 0 0 0 rg BT 322.59 741.75 Td (common ) Tj ET Q
q 0 0 0 rg BT 362.79 741.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 392.49 741.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 402.94 741.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 442.55 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 454.17 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.45 741.75 Td (calculation ) Tj ET Q
q 0 0 0 rg BT 519.97 741.75 Td (unless ) Tj ET Q
q 0 0 0 rg BT 549.67 741.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (potential ) Tj ET Q
q 0 0 0 rg BT 89.59 729.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 129.69 729.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 159.27 729.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 175.44 729.15 Td (antidilutive. ) Tj ET Q
q 0 0 0 rg BT 229.24 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.59 729.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 250.53 729.15 Td (periods ) Tj ET Q
q 0 0 0 rg BT 284.79 729.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 306.80 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 314.81 729.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 330.99 729.15 Td (loss, ) Tj ET Q
q 0 0 0 rg BT 353.31 729.15 Td (potential ) Tj ET Q
q 0 0 0 rg BT 393.40 729.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 433.49 729.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 463.08 729.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 488.00 729.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 509.43 729.15 Td (participating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 93.86 716.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 108.75 716.55 Td (considered ) Tj ET Q
q 0 0 0 rg BT 156.32 716.55 Td (antidilutive ) Tj ET Q
q 0 0 0 rg BT 206.22 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 223.46 716.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 238.36 716.55 Td (excluded ) Tj ET Q
q 0 0 0 rg BT 278.34 716.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 300.83 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 315.73 716.55 Td (calculation. ) Tj ET Q
q 0 0 0 rg BT 366.50 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 368.12 716.55 Td (Also, ) Tj ET Q
q 0 0 0 rg BT 392.66 716.55 Td (contingently ) Tj ET Q
q 0 0 0 rg BT 447.23 716.55 Td (issuable ) Tj ET Q
q 0 0 0 rg BT 483.14 716.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 511.46 716.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 526.36 716.55 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.29 703.95 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 92.08 703.95 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 112.80 703.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 127.67 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.12 703.95 Td (entire ) Tj ET Q
q 0 0 0 rg BT 169.65 703.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 199.10 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 209.89 703.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 238.18 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.63 703.95 Td (contingency ) Tj ET Q
q 0 0 0 rg BT 307.57 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 317.20 703.95 Td (resolved. ) Tj ET Q
q 0 0 0 rg BT 358.02 703.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 678.75 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.32 678.75 Td (14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 100.82 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.45 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 118.32 678.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 162.93 678.75 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 209.31 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 220.68 678.75 Td (EPS.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (Restructuring ) Tj ET Q
q 0 0 0 rg BT 115.12 653.55 Td (Costs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.24 640.95 Td (further ) Tj ET Q
q 0 0 0 rg BT 95.88 640.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 139.20 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 150.44 640.95 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 173.92 640.95 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.42 640.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 190.12 640.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 214.76 640.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 246.42 640.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 263.49 640.95 Td (initiated ) Tj ET Q
q 0 0 0 rg BT 300.97 640.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 308.70 640.95 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 347.34 640.95 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 404.06 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 415.30 640.95 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 446.35 640.95 Td (costs. ) Tj ET Q
q 0 0 0 rg BT 473.04 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 475.89 640.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 495.29 640.95 Td (costs ) Tj ET Q
q 0 0 0 rg BT 519.36 640.95 Td (associated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 70.63 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 85.91 628.35 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 123.93 628.35 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 180.04 628.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 221.57 628.35 Td (relate ) Tj ET Q
q 0 0 0 rg BT 247.34 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 257.97 628.35 Td (employee ) Tj ET Q
q 0 0 0 rg BT 301.24 628.35 Td (termination ) Tj ET Q
q 0 0 0 rg BT 352.10 628.35 Td (benefits, ) Tj ET Q
q 0 0 0 rg BT 390.42 628.35 Td (incentives ) Tj ET Q
q 0 0 0 rg BT 435.45 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 446.08 628.35 Td (retain ) Tj ET Q
q 0 0 0 rg BT 472.44 628.35 Td (employees ) Tj ET Q
q 0 0 0 rg BT 519.80 628.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 549.67 628.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (transition ) Tj ET Q
q 0 0 0 rg BT 91.64 615.75 Td (period, ) Tj ET Q
q 0 0 0 rg BT 123.57 615.75 Td (char) Tj ET Q
q 0 0 0 rg BT 141.44 615.75 Td (ges ) Tj ET Q
q 0 0 0 rg BT 157.92 615.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 172.64 615.75 Td (consolidating ) Tj ET Q
q 0 0 0 rg BT 231.69 615.75 Td (leased ) Tj ET Q
q 0 0 0 rg BT 260.40 615.75 Td (of) Tj ET Q
q 0 0 0 rg BT 268.96 615.75 Td (fice ) Tj ET Q
q 0 0 0 rg BT 287.17 615.75 Td (space, ) Tj ET Q
q 0 0 0 rg BT 315.59 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 333.23 615.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 357.28 615.75 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 400.29 615.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 422.01 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 433.24 615.75 Td (professional ) Tj ET Q
q 0 0 0 rg BT 487.03 615.75 Td (fees. ) Tj ET Q
q 0 0 0 rg BT 509.04 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 511.34 615.75 Td (T) Tj ET Q
q 0 0 0 rg BT 517.02 615.75 Td (ermination ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (benefits, ) Tj ET Q
q 0 0 0 rg BT 89.27 603.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 132.84 603.15 Td (severance ) Tj ET Q
q 0 0 0 rg BT 178.13 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.19 603.15 Td (retention ) Tj ET Q
q 0 0 0 rg BT 238.42 603.15 Td (incentives, ) Tj ET Q
q 0 0 0 rg BT 287.52 603.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 304.24 603.15 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 344.87 603.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 357.52 603.15 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 422.09 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 441.15 603.15 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 478.30 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 490.37 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.10 603.15 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 98.74 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 110.64 590.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 145.28 590.55 Td (\(Loss\). ) Tj ET Q
q 0 0 0 rg BT 177.90 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 180.83 590.55 Td (These ) Tj ET Q
q 0 0 0 rg BT 209.06 590.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 270.54 590.55 Td (items ) Tj ET Q
q 0 0 0 rg BT 296.44 590.55 Td (require ) Tj ET Q
q 0 0 0 rg BT 329.33 590.55 Td (employees ) Tj ET Q
q 0 0 0 rg BT 377.40 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 388.72 590.55 Td (provide ) Tj ET Q
q 0 0 0 rg BT 423.96 590.55 Td (future ) Tj ET Q
q 0 0 0 rg BT 452.18 590.55 Td (service ) Tj ET Q
q 0 0 0 rg BT 485.08 590.55 Td (and, ) Tj ET Q
q 0 0 0 rg BT 506.02 590.55 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 549.69 590.55 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 90.39 577.95 Td (ratably ) Tj ET Q
q 0 0 0 rg BT 121.36 577.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 141.83 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.48 577.95 Td (required ) Tj ET Q
q 0 0 0 rg BT 193.28 577.95 Td (service ) Tj ET Q
q 0 0 0 rg BT 224.83 577.95 Td (period. ) Tj ET Q
q 0 0 0 rg BT 256.09 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 257.91 577.95 Td (Other ) Tj ET Q
q 0 0 0 rg BT 283.63 577.95 Td (costs ) Tj ET Q
q 0 0 0 rg BT 306.45 577.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 321.09 577.95 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 361.97 577.95 Td (when ) Tj ET Q
q 0 0 0 rg BT 386.54 577.95 Td (incurred. ) Tj ET Q
q 0 0 0 rg BT 425.96 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 427.78 577.95 Td (Char) Tj ET Q
q 0 0 0 rg BT 448.00 577.95 Td (ges ) Tj ET Q
q 0 0 0 rg BT 463.81 577.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 477.87 577.95 Td (consolidating ) Tj ET Q
q 0 0 0 rg BT 536.27 577.95 Td (leased ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 565.35 Td (fice ) Tj ET Q
q 0 0 0 rg BT 76.54 565.35 Td (space ) Tj ET Q
q 0 0 0 rg BT 102.61 565.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 118.17 565.35 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 157.65 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 168.56 565.35 Td (Occupancy ) Tj ET Q
q 0 0 0 rg BT 218.54 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 229.45 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 245.03 565.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 303.19 565.35 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 352.01 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 363.51 565.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 397.74 565.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 427.32 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 445.23 565.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 469.55 565.35 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 510.21 565.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 525.77 565.35 Td (recorded ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.29 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.75 552.75 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 126.18 552.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 168.46 552.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 204.90 552.75 Td (classifications.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (Noncontr) Tj ET Q
q 0 0 0 rg BT 91.89 527.55 Td (olling ) Tj ET Q
q 0 0 0 rg BT 119.61 527.55 Td (Inter) Tj ET Q
q 0 0 0 rg BT 142.16 527.55 Td (ests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (Noncontrolling ) Tj ET Q
q 0 0 0 rg BT 115.48 514.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 152.29 514.95 Td (include ) Tj ET Q
q 0 0 0 rg BT 185.02 514.95 Td (af) Tj ET Q
q 0 0 0 rg BT 192.98 514.95 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 219.29 514.95 Td (minority ) Tj ET Q
q 0 0 0 rg BT 257.28 514.95 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 296.71 514.95 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 343.43 514.95 Td (investor ) Tj ET Q
q 0 0 0 rg BT 379.08 514.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 407.15 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 417.13 514.95 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 472.02 514.95 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 516.42 514.95 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (products, ) Tj ET Q
q 0 0 0 rg BT 91.53 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 109.94 502.35 Td (vested ) Tj ET Q
q 0 0 0 rg BT 140.00 502.35 Td (af) Tj ET Q
q 0 0 0 rg BT 147.97 502.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 175.70 502.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 232.59 502.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 262.08 502.35 Td (plan ) Tj ET Q
q 0 0 0 rg BT 283.41 502.35 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 324.27 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 326.80 502.35 Td (Af) Tj ET Q
q 0 0 0 rg BT 337.69 502.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 365.42 502.35 Td (minority ) Tj ET Q
q 0 0 0 rg BT 404.83 502.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 443.07 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 458.55 502.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 487.46 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 503.53 502.35 Td (holder ) Tj ET Q
q 0 0 0 rg BT 533.60 502.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 554.92 502.35 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (some ) Tj ET Q
q 0 0 0 rg BT 75.68 489.75 Td (point ) Tj ET Q
q 0 0 0 rg BT 101.27 489.75 Td (request ) Tj ET Q
q 0 0 0 rg BT 135.60 489.75 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 182.77 489.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 199.60 489.75 Td (classified ) Tj ET Q
q 0 0 0 rg BT 243.26 489.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 256.02 489.75 Td (redeemable ) Tj ET Q
q 0 0 0 rg BT 308.42 489.75 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 374.25 489.75 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 415.88 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 419.89 489.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 438.49 489.75 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 464.67 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 483.84 489.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 509.43 489.75 Td (consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 94.87 477.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 143.74 477.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 182.69 477.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 204.14 477.15 Td (third-party ) Tj ET Q
q 0 0 0 rg BT 251.83 477.15 Td (investors, ) Tj ET Q
q 0 0 0 rg BT 295.16 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.78 477.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 342.13 477.15 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 406.75 477.15 Td (interests ) Tj ET Q
q 0 0 0 rg BT 444.53 477.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 460.14 477.15 Td (classified ) Tj ET Q
q 0 0 0 rg BT 502.58 477.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 514.12 477.15 Td (redeemable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 115.05 464.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 153.77 464.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 163.91 464.55 Td (investors ) Tj ET Q
q 0 0 0 rg BT 205.54 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 217.44 464.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 242.73 464.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 269.79 464.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 291.59 464.55 Td (request ) Tj ET Q
q 0 0 0 rg BT 325.64 464.55 Td (withdrawals ) Tj ET Q
q 0 0 0 rg BT 380.68 464.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 391.99 464.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 410.87 464.55 Td (time. ) Tj ET Q
q 0 0 0 rg BT 435.88 464.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 438.78 464.55 Td (Also ) Tj ET Q
q 0 0 0 rg BT 462.34 464.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 502.22 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 514.12 464.55 Td (redeemable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 113.32 451.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 150.30 451.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 165.11 451.95 Td (vested ) Tj ET Q
q 0 0 0 rg BT 193.93 451.95 Td (af) Tj ET Q
q 0 0 0 rg BT 201.89 451.95 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 228.37 451.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 284.01 451.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 312.24 451.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 332.31 451.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 369.30 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 383.53 451.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 411.18 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 426.00 451.95 Td (holder ) Tj ET Q
q 0 0 0 rg BT 454.82 451.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 474.89 451.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 484.46 451.95 Td (some ) Tj ET Q
q 0 0 0 rg BT 508.61 451.95 Td (point ) Tj ET Q
q 0 0 0 rg BT 532.19 451.95 Td (request ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 95.36 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.81 439.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 128.76 439.35 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 169.08 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 171.79 439.35 Td (Redeemable ) Tj ET Q
q 0 0 0 rg BT 226.38 439.35 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 290.91 439.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 328.61 439.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 344.13 439.35 Td (reported ) Tj ET Q
q 0 0 0 rg BT 381.82 439.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 392.69 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.23 439.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 466.34 439.35 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 502.86 439.35 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 532.98 439.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 543.26 439.35 Td (their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 92.40 426.75 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 138.23 426.75 Td (values, ) Tj ET Q
q 0 0 0 rg BT 170.34 426.75 Td (except ) Tj ET Q
q 0 0 0 rg BT 200.41 426.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 218.82 426.75 Td (when ) Tj ET Q
q 0 0 0 rg BT 244.23 426.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 266.14 426.75 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 311.96 426.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 341.46 426.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 356.94 426.75 Td (less ) Tj ET Q
q 0 0 0 rg BT 375.36 426.75 Td (than ) Tj ET Q
q 0 0 0 rg BT 396.10 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 411.59 426.75 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 449.83 426.75 Td (value, ) Tj ET Q
q 0 0 0 rg BT 477.86 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 493.36 426.75 Td (reported ) Tj ET Q
q 0 0 0 rg BT 531.00 426.75 Td (amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 59.20 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 74.73 414.15 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 112.99 414.15 Td (value. ) Tj ET Q
q 0 0 0 rg BT 141.06 414.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 143.75 414.15 Td (Changes ) Tj ET Q
q 0 0 0 rg BT 182.61 414.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 193.47 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.00 414.15 Td (expected ) Tj ET Q
q 0 0 0 rg BT 249.01 414.15 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 294.86 414.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 324.38 414.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 339.90 414.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 388.65 414.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 410.00 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 425.53 414.15 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 471.38 414.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 500.90 414.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 512.35 414.15 Td (adjustments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.86 401.55 Td (retained ) Tj ET Q
q 0 0 0 rg BT 95.86 401.55 Td (earnings. ) Tj ET Q
q 0 0 0 rg BT 136.25 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 138.44 401.55 Td (Nonredeemable ) Tj ET Q
q 0 0 0 rg BT 207.09 401.55 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 271.11 401.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 308.29 401.55 Td (include ) Tj ET Q
q 0 0 0 rg BT 341.39 401.55 Td (vested ) Tj ET Q
q 0 0 0 rg BT 370.40 401.55 Td (af) Tj ET Q
q 0 0 0 rg BT 378.37 401.55 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 405.05 401.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 460.88 401.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 489.32 401.55 Td (plan ) Tj ET Q
q 0 0 0 rg BT 509.58 401.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 546.77 401.55 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 62.37 388.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 78.16 388.95 Td (permit ) Tj ET Q
q 0 0 0 rg BT 107.94 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.14 388.95 Td (holder ) Tj ET Q
q 0 0 0 rg BT 152.34 388.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 162.87 388.95 Td (request ) Tj ET Q
q 0 0 0 rg BT 195.57 388.95 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 241.09 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 252.21 388.95 Td (their ) Tj ET Q
q 0 0 0 rg BT 273.82 388.95 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 313.81 388.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 316.19 388.95 Td (Nonredeemable ) Tj ET Q
q 0 0 0 rg BT 385.02 388.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 449.22 388.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 486.59 388.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 501.78 388.95 Td (reported ) Tj ET Q
q 0 0 0 rg BT 539.13 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.67 388.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 108.38 376.35 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 145.66 376.35 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 176.54 376.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 187.58 376.35 Td (their ) Tj ET Q
q 0 0 0 rg BT 210.28 376.35 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 249.32 376.35 Td (value, ) Tj ET Q
q 0 0 0 rg BT 278.15 376.35 Td (together ) Tj ET Q
q 0 0 0 rg BT 316.02 376.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 338.15 376.35 Td (undistributed ) Tj ET Q
q 0 0 0 rg BT 397.03 376.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 413.32 376.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 447.69 376.35 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 489.05 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 500.68 376.35 Td (noncontrolling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (interests.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.14 338.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.79 338.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 147.94 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.83 338.55 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 210.06 338.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 235.87 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 247.68 338.55 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 312.58 338.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 350.64 338.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 362.45 338.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 384.76 338.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 402.40 338.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 430.84 338.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 433.90 338.55 Td (If ) Tj ET Q
q 0 0 0 rg BT 443.97 338.55 Td (reported ) Tj ET Q
q 0 0 0 rg BT 482.02 338.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 492.66 338.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 510.30 338.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 536.11 338.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 549.68 338.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 106.98 325.95 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 142.85 325.95 Td (Sheets, ) Tj ET Q
q 0 0 0 rg BT 174.95 325.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 212.60 325.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 226.90 325.95 Td (af) Tj ET Q
q 0 0 0 rg BT 234.87 325.95 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 261.42 325.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 325.31 325.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 362.37 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 379.59 325.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 435.30 325.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 463.61 325.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 483.75 325.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 520.80 325.95 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 549.68 325.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 80.59 313.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 101.78 313.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 139.90 313.35 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 183.83 313.35 Td (value, ) Tj ET Q
q 0 0 0 rg BT 211.72 313.35 Td (after ) Tj ET Q
q 0 0 0 rg BT 233.48 313.35 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 283.82 313.35 Td (discounts ) Tj ET Q
q 0 0 0 rg BT 326.02 313.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 340.79 313.35 Td (lack ) Tj ET Q
q 0 0 0 rg BT 360.80 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 372.08 313.35 Td (marketability ) Tj ET Q
q 0 0 0 rg BT 430.59 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.28 313.35 Td (control. ) Tj ET Q
q 0 0 0 rg BT 483.18 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 485.52 313.35 Td (There ) Tj ET Q
q 0 0 0 rg BT 512.53 313.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 533.14 313.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 552.58 313.35 Td (be ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (features ) Tj ET Q
q 0 0 0 rg BT 85.44 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 96.89 300.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 121.17 300.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 150.12 300.75 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 190.45 300.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 212.40 300.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 223.86 300.75 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 263.31 300.75 Td (subordination, ) Tj ET Q
q 0 0 0 rg BT 326.39 300.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 344.84 300.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 360.37 300.75 Td (contemplated ) Tj ET Q
q 0 0 0 rg BT 419.64 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 430.51 300.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 452.46 300.75 Td (valuations. ) Tj ET Q
q 0 0 0 rg BT 500.95 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 503.46 300.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 522.50 300.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 539.77 300.75 Td (value ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.23 288.15 Td (option-like ) Tj ET Q
q 0 0 0 rg BT 108.29 288.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 163.92 288.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 192.16 288.15 Td (plan ) Tj ET Q
q 0 0 0 rg BT 212.22 288.15 Td (interests ) Tj ET Q
q 0 0 0 rg BT 249.20 288.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 268.10 288.15 Td (relies ) Tj ET Q
q 0 0 0 rg BT 292.82 288.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 305.31 288.15 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 367.95 288.15 Td (option ) Tj ET Q
q 0 0 0 rg BT 396.77 288.15 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 428.49 288.15 Td (model ) Tj ET Q
q 0 0 0 rg BT 456.73 288.15 Td (calculations. ) Tj ET Q
q 0 0 0 rg BT 511.48 288.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 513.47 288.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 530.04 288.15 Td (af) Tj ET Q
q 0 0 0 rg BT 538.01 288.15 Td (filiate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 113.66 275.55 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 153.62 275.55 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 202.62 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 213.12 275.55 Td (acquisition, ) Tj ET Q
q 0 0 0 rg BT 264.16 275.55 Td (business ) Tj ET Q
q 0 0 0 rg BT 302.08 275.55 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 345.82 275.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 374.98 275.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 390.13 275.55 Td (derived ) Tj ET Q
q 0 0 0 rg BT 423.95 275.55 Td (using ) Tj ET Q
q 0 0 0 rg BT 449.04 275.55 Td (various ) Tj ET Q
q 0 0 0 rg BT 482.29 275.55 Td (methods, ) Tj ET Q
q 0 0 0 rg BT 522.83 275.55 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 98.13 262.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 119.92 262.95 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 149.01 262.95 Td (guideline ) Tj ET Q
q 0 0 0 rg BT 191.22 262.95 Td (public ) Tj ET Q
q 0 0 0 rg BT 220.60 262.95 Td (company ) Tj ET Q
q 0 0 0 rg BT 262.23 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 280.52 262.95 Td (guideline ) Tj ET Q
q 0 0 0 rg BT 322.73 262.95 Td (public ) Tj ET Q
q 0 0 0 rg BT 352.11 262.95 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 401.32 262.95 Td (methods. ) Tj ET Q
q 0 0 0 rg BT 442.66 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 445.79 262.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 470.50 262.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 502.22 262.95 Td (engages ) Tj ET Q
q 0 0 0 rg BT 539.18 262.95 Td (third-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (party ) Tj ET Q
q 0 0 0 rg BT 73.78 250.35 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 115.56 250.35 Td (experts ) Tj ET Q
q 0 0 0 rg BT 148.59 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 159.46 250.35 Td (perform ) Tj ET Q
q 0 0 0 rg BT 195.98 250.35 Td (independent ) Tj ET Q
q 0 0 0 rg BT 250.01 250.35 Td (determinations ) Tj ET Q
q 0 0 0 rg BT 315.11 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 326.57 250.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 343.84 250.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 369.29 250.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 380.74 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 391.61 250.35 Td (review ) Tj ET Q
q 0 0 0 rg BT 422.89 250.35 Td (internally ) Tj ET Q
q 0 0 0 rg BT 465.83 250.35 Td (prepared ) Tj ET Q
q 0 0 0 rg BT 505.26 250.35 Td (valuations, ) Tj ET Q
q 0 0 0 rg BT 553.75 250.35 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (appropriate, ) Tj ET Q
q 0 0 0 rg BT 103.44 237.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 130.86 237.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 144.87 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 161.20 237.75 Td (relative ) Tj ET Q
q 0 0 0 rg BT 196.19 237.75 Td (significance ) Tj ET Q
q 0 0 0 rg BT 250.43 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 262.68 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 279.02 237.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 311.09 237.75 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 350.18 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 368.85 237.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 400.92 237.75 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 451.07 237.75 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 498.34 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 517.01 237.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 554.33 237.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 90.98 225.15 Td (inputs. ) Tj ET Q
q 0 0 0 rg BT 121.69 225.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 124.10 225.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 141.10 225.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 196.58 225.15 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 241.57 225.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 290.05 225.15 Td (products, ) Tj ET Q
q 0 0 0 rg BT 331.25 225.15 Td (where ) Tj ET Q
q 0 0 0 rg BT 359.31 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.55 225.15 Td (investor ) Tj ET Q
q 0 0 0 rg BT 410.79 225.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 431.27 225.15 Td (request ) Tj ET Q
q 0 0 0 rg BT 464.00 225.15 Td (withdrawal ) Tj ET Q
q 0 0 0 rg BT 513.65 225.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 523.64 225.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 541.21 225.15 Td (time, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 66.70 212.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 92.06 212.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 101.69 212.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 128.22 212.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 141.35 212.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 173.12 212.55 Td (quotes ) Tj ET Q
q 0 0 0 rg BT 203.16 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 214.54 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 229.99 212.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 278.11 212.55 Td (securities ) Tj ET Q
q 0 0 0 rg BT 320.38 212.55 Td (held ) Tj ET Q
q 0 0 0 rg BT 341.09 212.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 354.21 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.67 212.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 418.37 212.55 Td (products.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 66.62 187.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 99.48 187.35 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 124.76 187.35 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 174.54 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 184.66 187.35 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 248.44 187.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 285.39 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 295.51 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.29 187.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 367.66 187.35 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 415.69 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 426.39 187.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 459.83 187.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 488.62 187.35 Td (includes ) Tj ET Q
q 0 0 0 rg BT 525.57 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 540.35 187.35 Td (share ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 174.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 76.32 174.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 109.86 174.75 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 135.81 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.19 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.64 174.75 Td (respective ) Tj ET Q
q 0 0 0 rg BT 207.82 174.75 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 253.61 174.75 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 294.13 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 304.93 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 320.38 174.75 Td (minority ) Tj ET Q
q 0 0 0 rg BT 359.17 174.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 392.70 174.75 Td (holders.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 149.55 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.32 149.55 Td (16) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 100.82 149.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.45 149.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 118.32 149.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 162.93 149.55 Td (information ) Tj ET Q
q 0 0 0 rg BT 215.13 149.55 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 257.99 149.55 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 322.44 149.55 Td (interests.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (Related Parties) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.28 111.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 78.39 111.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 114.41 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 124.77 111.75 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 169.54 111.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 217.81 111.75 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 245.96 111.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 269.73 111.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 300.50 111.75 Td (earns ) Tj ET Q
q 0 0 0 rg BT 324.85 111.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 380.69 111.75 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 402.41 111.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 443.09 111.75 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 464.81 111.75 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 515.42 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 532.78 111.75 Td (service ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 70.97 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 88.08 99.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 111.59 99.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 146.77 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 163.87 99.15 Td (incurs ) Tj ET Q
q 0 0 0 rg BT 191.48 99.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 241.84 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 258.94 99.15 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 299.38 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 316.48 99.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 340.00 99.15 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 382.47 99.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 393.16 99.15 Td (disclosed ) Tj ET Q
q 0 0 0 rg BT 434.18 99.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 444.29 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.07 99.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 516.42 99.15 Td (Statements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.70 86.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 96.64 86.55 Td (\(Loss\). ) Tj ET Q
q 0 0 0 rg BT 129.54 86.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 132.99 86.55 Td (Sponsored ) Tj ET Q
q 0 0 0 rg BT 180.78 86.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 230.31 86.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 257.09 86.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 273.36 86.55 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 309.46 86.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 321.08 86.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 334.44 86.55 Td (af) Tj ET Q
q 0 0 0 rg BT 342.41 86.55 Td (filiated ) Tj ET Q
q 0 0 0 rg BT 375.60 86.55 Td (entities ) Tj ET Q
q 0 0 0 rg BT 409.38 86.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 436.74 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 453.02 86.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 485.04 86.55 Td (party ) Tj ET Q
q 0 0 0 rg BT 510.06 86.55 Td (definition ) Tj ET Q
q 0 0 0 rg BT 554.34 86.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 85.94 73.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 134.63 73.95 Td (guidance.) Tj ET Q
endstream
endobj
213 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 214 0 R>>
endobj
214 0 obj
<</Length 38858>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (104) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 85.18 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 91.22 741.90 Td (axes) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 726.30 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 89.04 726.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 122.17 726.30 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 145.98 726.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 161.03 726.30 Td (provided ) Tj ET Q
q 0 0 0 rg BT 200.58 726.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 215.05 726.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 230.11 726.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 238.08 726.30 Td (fects ) Tj ET Q
q 0 0 0 rg BT 260.13 726.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 271.11 726.30 Td (temporary ) Tj ET Q
q 0 0 0 rg BT 316.49 726.30 Td (dif) Tj ET Q
q 0 0 0 rg BT 327.96 726.30 Td (ferences ) Tj ET Q
q 0 0 0 rg BT 365.17 726.30 Td (between ) Tj ET Q
q 0 0 0 rg BT 402.38 726.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.44 726.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 432.50 726.30 Td (basis ) Tj ET Q
q 0 0 0 rg BT 455.73 726.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 466.71 726.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 478.85 726.30 Td (asset ) Tj ET Q
q 0 0 0 rg BT 501.49 726.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 512.47 726.30 Td (liability ) Tj ET Q
q 0 0 0 rg BT 547.36 726.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 713.70 Td (its ) Tj ET Q
q 0 0 0 rg BT 63.22 713.70 Td (reported ) Tj ET Q
q 0 0 0 rg BT 102.00 713.70 Td (amount ) Tj ET Q
q 0 0 0 rg BT 137.29 713.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 149.26 713.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.88 713.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 206.41 713.70 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 257.16 713.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 260.96 713.70 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 302.06 713.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 336.76 713.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 353.39 713.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 381.69 713.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 398.30 713.70 Td (subject ) Tj ET Q
q 0 0 0 rg BT 431.84 713.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 443.81 713.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 452.27 713.70 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 495.14 713.70 Td (allowance ) Tj ET Q
q 0 0 0 rg BT 541.50 713.70 Td (if, ) Tj ET Q
q 0 0 0 rg BT 554.33 713.70 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 701.10 Td (management's ) Tj ET Q
q 0 0 0 rg BT 112.32 701.10 Td (opinion, ) Tj ET Q
q 0 0 0 rg BT 150.23 701.10 Td (it ) Tj ET Q
q 0 0 0 rg BT 159.26 701.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 169.46 701.10 Td (more ) Tj ET Q
q 0 0 0 rg BT 194.24 701.10 Td (likely ) Tj ET Q
q 0 0 0 rg BT 221.35 701.10 Td (than ) Tj ET Q
q 0 0 0 rg BT 242.62 701.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 259.24 701.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 278.18 701.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 302.95 701.10 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 339.39 701.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 358.92 701.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 375.54 701.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 388.65 701.10 Td (realized. ) Tj ET Q
q 0 0 0 rg BT 427.69 701.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 430.89 701.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 455.67 701.10 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 493.42 701.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 531.59 701.10 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 688.50 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 75.48 688.50 Td (principally ) Tj ET Q
q 0 0 0 rg BT 125.37 688.50 Td (relate ) Tj ET Q
q 0 0 0 rg BT 153.08 688.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 165.65 688.50 Td (net ) Tj ET Q
q 0 0 0 rg BT 182.88 688.50 Td (operating ) Tj ET Q
q 0 0 0 rg BT 226.94 688.50 Td (loss ) Tj ET Q
q 0 0 0 rg BT 247.68 688.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 267.24 688.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 293.22 688.50 Td (carryforward ) Tj ET Q
q 0 0 0 rg BT 352.42 688.50 Td (benefits, ) Tj ET Q
q 0 0 0 rg BT 392.69 688.50 Td (business ) Tj ET Q
q 0 0 0 rg BT 432.68 688.50 Td (combinations, ) Tj ET Q
q 0 0 0 rg BT 496.28 688.50 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 553.75 688.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 675.90 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 94.12 675.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 121.24 675.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 139.02 675.90 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 174.29 675.90 Td (compensation.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 650.70 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.19 650.70 Td (further ) Tj ET Q
q 0 0 0 rg BT 95.78 650.70 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 139.05 650.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 150.24 650.70 Td (Note ) Tj ET Q
q 0 0 0 rg BT 173.68 650.70 Td (7, ) Tj ET Q
q 0 0 0 rg BT 184.57 650.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 198.10 650.70 Td (December ) Tj ET Q
q 0 0 0 rg BT 244.26 650.70 Td (22, ) Tj ET Q
q 0 0 0 rg BT 260.41 650.70 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 287.05 650.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.69 650.70 Td (T) Tj ET Q
q 0 0 0 rg BT 308.37 650.70 Td (ax ) Tj ET Q
q 0 0 0 rg BT 321.30 650.70 Td (Cuts ) Tj ET Q
q 0 0 0 rg BT 343.58 650.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 361.76 650.70 Td (Jobs ) Tj ET Q
q 0 0 0 rg BT 382.79 650.70 Td (Act ) Tj ET Q
q 0 0 0 rg BT 400.97 650.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 412.74 650.70 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 436.77 650.70 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 456.11 650.70 Td ("T) Tj ET Q
q 0 0 0 rg BT 466.08 650.70 Td (ax ) Tj ET Q
q 0 0 0 rg BT 479.01 650.70 Td (Law"\) ) Tj ET Q
q 0 0 0 rg BT 508.48 650.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 527.83 650.70 Td (enacted. ) Tj ET Q
q 0 0 0 rg BT 565.14 650.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 638.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.73 638.10 Td (T) Tj ET Q
q 0 0 0 rg BT 74.41 638.10 Td (ax ) Tj ET Q
q 0 0 0 rg BT 87.45 638.10 Td (Law ) Tj ET Q
q 0 0 0 rg BT 109.23 638.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 119.36 638.10 Td (complex, ) Tj ET Q
q 0 0 0 rg BT 161.27 638.10 Td (materially ) Tj ET Q
q 0 0 0 rg BT 206.96 638.10 Td (changed ) Tj ET Q
q 0 0 0 rg BT 245.07 638.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.03 638.10 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 282.83 638.10 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 325.60 638.10 Td (income ) Tj ET Q
q 0 0 0 rg BT 359.63 638.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 375.59 638.10 Td (rate ) Tj ET Q
q 0 0 0 rg BT 394.45 638.10 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.99 638.10 Td (35%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.24 638.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 440.36 638.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.66 638.10 Td (21%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.90 638.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 474.03 638.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 492.32 638.10 Td (included ) Tj ET Q
q 0 0 0 rg BT 531.60 638.10 Td (various ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 625.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 74.01 625.50 Td (changes ) Tj ET Q
q 0 0 0 rg BT 110.76 625.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 139.36 625.50 Td (impact ) Tj ET Q
q 0 0 0 rg BT 170.86 625.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 195.37 625.50 Td (Mason. ) Tj ET Q
q 0 0 0 rg BT 229.52 625.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.24 625.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 251.50 625.50 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 294.08 625.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 305.19 625.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 320.95 625.50 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 342.55 625.50 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 385.13 625.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 400.89 625.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 419.56 625.50 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 455.74 625.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 466.84 625.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 474.43 625.50 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 515.27 625.50 Td (provisional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 612.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 64.73 612.90 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 96.28 612.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 107.42 612.90 Td ($220,935) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 146.80 612.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 149.19 612.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 159.76 612.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.99 612.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 195.45 612.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 222.92 612.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 252.72 612.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 268.25 612.90 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 294.27 612.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 311.83 612.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 322.39 612.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 337.62 612.90 Td (re-measurement ) Tj ET Q
q 0 0 0 rg BT 407.65 612.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 418.79 612.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 449.75 612.90 Td (existing ) Tj ET Q
q 0 0 0 rg BT 485.40 612.90 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 522.77 612.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 538.00 612.90 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 600.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.23 600.30 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 106.87 600.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 116.01 600.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 130.41 600.30 Td (new ) Tj ET Q
q 0 0 0 rg BT 149.47 600.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 181.94 600.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 196.33 600.30 Td (rate. ) Tj ET Q
q 0 0 0 rg BT 216.25 600.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 239.39 600.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 275.52 600.30 Td (re-measurement ) Tj ET Q
q 0 0 0 rg BT 344.72 600.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.03 600.30 Td (its ) Tj ET Q
q 0 0 0 rg BT 366.52 600.30 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 403.05 600.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 417.45 600.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 443.51 600.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 460.23 600.30 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 500.88 600.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 518.77 600.30 Td (completed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 587.70 Td (during ) Tj ET Q
q 0 0 0 rg BT 80.09 587.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 106.01 587.70 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 130.18 587.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 148.52 587.70 Td (no ) Tj ET Q
q 0 0 0 rg BT 162.20 587.70 Td (further ) Tj ET Q
q 0 0 0 rg BT 193.94 587.70 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 247.28 587.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 270.86 587.70 Td (necessary) Tj ET Q
q 0 0 0 rg BT 310.99 587.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 316.79 587.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 319.74 587.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 339.01 587.70 Td (T) Tj ET Q
q 0 0 0 rg BT 344.69 587.70 Td (ax ) Tj ET Q
q 0 0 0 rg BT 357.77 587.70 Td (Law ) Tj ET Q
q 0 0 0 rg BT 379.61 587.70 Td (has ) Tj ET Q
q 0 0 0 rg BT 396.78 587.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 416.87 587.70 Td (created ) Tj ET Q
q 0 0 0 rg BT 450.36 587.70 Td (new ) Tj ET Q
q 0 0 0 rg BT 471.03 587.70 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 495.78 587.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 509.45 587.70 Td (international ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 575.10 Td (operations, ) Tj ET Q
q 0 0 0 rg BT 98.46 575.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 140.73 575.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 153.25 575.10 Td (Global ) Tj ET Q
q 0 0 0 rg BT 184.43 575.10 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 229.60 575.10 Td (Low-T) Tj ET Q
q 0 0 0 rg BT 258.02 575.10 Td (axed ) Tj ET Q
q 0 0 0 rg BT 280.45 575.10 Td (Income ) Tj ET Q
q 0 0 0 rg BT 314.53 575.10 Td (\("GIL) Tj ET Q
q 0 0 0 rg BT 338.85 575.10 Td (TI"\) ) Tj ET Q
q 0 0 0 rg BT 359.14 575.10 Td (provision. ) Tj ET Q
q 0 0 0 rg BT 404.03 575.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 406.63 575.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 430.81 575.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 461.99 575.10 Td (has ) Tj ET Q
q 0 0 0 rg BT 478.59 575.10 Td (made ) Tj ET Q
q 0 0 0 rg BT 503.93 575.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 516.44 575.10 Td (accounting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 562.50 Td (policy ) Tj ET Q
q 0 0 0 rg BT 78.85 562.50 Td (election ) Tj ET Q
q 0 0 0 rg BT 115.20 562.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 126.47 562.50 Td (record ) Tj ET Q
q 0 0 0 rg BT 156.40 562.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 172.33 562.50 Td (expense ) Tj ET Q
q 0 0 0 rg BT 209.26 562.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 222.87 562.50 Td (GIL) Tj ET Q
q 0 0 0 rg BT 239.40 562.50 Td (TI ) Tj ET Q
q 0 0 0 rg BT 252.42 562.50 Td (inclusions ) Tj ET Q
q 0 0 0 rg BT 298.11 562.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 309.97 562.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 317.73 562.50 Td (period ) Tj ET Q
q 0 0 0 rg BT 347.67 562.50 Td (cost ) Tj ET Q
q 0 0 0 rg BT 367.69 562.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 377.21 562.50 Td (applicable, ) Tj ET Q
q 0 0 0 rg BT 426.09 562.50 Td (rather ) Tj ET Q
q 0 0 0 rg BT 453.68 562.50 Td (than ) Tj ET Q
q 0 0 0 rg BT 474.87 562.50 Td (recognizing ) Tj ET Q
q 0 0 0 rg BT 527.54 562.50 Td (deferred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 549.90 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 73.70 549.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 88.57 549.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 119.76 549.90 Td (basis ) Tj ET Q
q 0 0 0 rg BT 143.38 549.90 Td (dif) Tj ET Q
q 0 0 0 rg BT 154.86 549.90 Td (ferences ) Tj ET Q
q 0 0 0 rg BT 192.45 549.90 Td (expected ) Tj ET Q
q 0 0 0 rg BT 232.39 549.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 243.18 549.90 Td (reverse.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 524.70 Td (Under ) Tj ET Q
q 0 0 0 rg BT 78.19 524.70 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 123.79 524.70 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 172.32 524.70 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 215.29 524.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 222.41 524.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 237.69 524.70 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 269.30 524.70 Td (should ) Tj ET Q
q 0 0 0 rg BT 299.76 524.70 Td (only ) Tj ET Q
q 0 0 0 rg BT 320.88 524.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 333.25 524.70 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 381.76 524.70 Td (if ) Tj ET Q
q 0 0 0 rg BT 390.63 524.70 Td (it ) Tj ET Q
q 0 0 0 rg BT 398.92 524.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 408.37 524.70 Td (more ) Tj ET Q
q 0 0 0 rg BT 432.40 524.70 Td (likely ) Tj ET Q
q 0 0 0 rg BT 458.77 524.70 Td (than ) Tj ET Q
q 0 0 0 rg BT 479.30 524.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 495.18 524.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 513.38 524.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 528.66 524.70 Td (position ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 512.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 68.20 512.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 80.48 512.10 Td (sustained ) Tj ET Q
q 0 0 0 rg BT 121.93 512.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 148.21 512.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 161.08 512.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 173.37 512.10 Td (technical ) Tj ET Q
q 0 0 0 rg BT 213.63 512.10 Td (merits. ) Tj ET Q
q 0 0 0 rg BT 244.87 512.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 246.72 512.10 Td (A) Tj ET Q
q 0 0 0 rg BT 253.72 512.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 256.09 512.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 271.28 512.10 Td (position ) Tj ET Q
q 0 0 0 rg BT 307.49 512.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 325.61 512.10 Td (meets ) Tj ET Q
q 0 0 0 rg BT 352.47 512.10 Td (this ) Tj ET Q
q 0 0 0 rg BT 370.01 512.10 Td (threshold ) Tj ET Q
q 0 0 0 rg BT 411.46 512.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 420.83 512.10 Td (measured ) Tj ET Q
q 0 0 0 rg BT 463.43 512.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 474.54 512.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.74 512.10 Td (lar) Tj ET Q
q 0 0 0 rg BT 500.63 512.10 Td (gest ) Tj ET Q
q 0 0 0 rg BT 519.91 512.10 Td (amount ) Tj ET Q
q 0 0 0 rg BT 553.77 512.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 499.50 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 81.27 499.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 99.63 499.50 Td (has ) Tj ET Q
q 0 0 0 rg BT 116.24 499.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 123.52 499.50 Td (greater ) Tj ET Q
q 0 0 0 rg BT 155.27 499.50 Td (than ) Tj ET Q
q 0 0 0 rg BT 175.97 499.50 Td (50% ) Tj ET Q
q 0 0 0 rg BT 197.83 499.50 Td (likelihood ) Tj ET Q
q 0 0 0 rg BT 243.02 499.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.38 499.50 Td (being ) Tj ET Q
q 0 0 0 rg BT 280.33 499.50 Td (realized ) Tj ET Q
q 0 0 0 rg BT 316.17 499.50 Td (upon ) Tj ET Q
q 0 0 0 rg BT 339.78 499.50 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 385.55 499.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 398.67 499.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 414.11 499.50 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 464.53 499.50 Td (taxing ) Tj ET Q
q 0 0 0 rg BT 493.39 499.50 Td (authority ) Tj ET Q
q 0 0 0 rg BT 533.92 499.50 Td (having ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 486.90 Td (full ) Tj ET Q
q 0 0 0 rg BT 66.71 486.90 Td (knowledge ) Tj ET Q
q 0 0 0 rg BT 115.40 486.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 126.77 486.90 Td (all ) Tj ET Q
q 0 0 0 rg BT 139.90 486.90 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 176.33 486.90 Td (information.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 461.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.87 461.70 Td (Company's ) Tj ET Q
q 0 0 0 rg BT 118.72 461.70 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 167.83 461.70 Td (policy ) Tj ET Q
q 0 0 0 rg BT 197.12 461.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 207.17 461.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 218.38 461.70 Td (classify ) Tj ET Q
q 0 0 0 rg BT 253.50 461.70 Td (interest ) Tj ET Q
q 0 0 0 rg BT 287.45 461.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 319.06 461.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 330.27 461.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 346.14 461.70 Td (matters ) Tj ET Q
q 0 0 0 rg BT 380.09 461.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 391.89 461.70 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 426.42 461.70 Td (expense ) Tj ET Q
q 0 0 0 rg BT 463.28 461.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 481.48 461.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 513.09 461.70 Td (penalties, ) Tj ET Q
q 0 0 0 rg BT 556.08 461.70 Td (if ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 449.10 Td (any) Tj ET Q
q 0 0 0 rg BT 63.98 449.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 69.23 449.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 80.60 449.10 Td (Other ) Tj ET Q
q 0 0 0 rg BT 107.13 449.10 Td (operating ) Tj ET Q
q 0 0 0 rg BT 149.41 449.10 Td (expense.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 423.90 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.29 423.90 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.32 423.90 Td (7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.57 423.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.20 423.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 113.07 423.90 Td (additional ) Tj ET Q
q 0 0 0 rg BT 157.68 423.90 Td (information ) Tj ET Q
q 0 0 0 rg BT 209.88 423.90 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 252.74 423.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 286.27 423.90 Td (taxes.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 399.30 Td (Recent ) Tj ET Q
q 0 0 0 rg BT 82.45 399.30 Td (Accounting Developments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 386.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.59 386.70 Td (June ) Tj ET Q
q 0 0 0 rg BT 82.19 386.70 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 108.16 386.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.33 386.70 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 164.23 386.70 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 215.57 386.70 Td (Standards ) Tj ET Q
q 0 0 0 rg BT 259.32 386.70 Td (Board ) Tj ET Q
q 0 0 0 rg BT 287.33 386.70 Td (\(�F) Tj ET Q
q 0 0 0 rg BT 300.55 386.70 Td (ASB�\) ) Tj ET Q
q 0 0 0 rg BT 331.48 386.70 Td (updated ) Tj ET Q
q 0 0 0 rg BT 367.06 386.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 382.24 386.70 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 422.48 386.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 435.33 386.70 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 483.74 386.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 498.33 386.70 Td (credit ) Tj ET Q
q 0 0 0 rg BT 524.58 386.70 Td (losses ) Tj ET Q
q 0 0 0 rg BT 552.01 386.70 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 374.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 89.32 374.10 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 141.42 374.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 159.67 374.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 184.34 374.10 Td (commitments. ) Tj ET Q
q 0 0 0 rg BT 247.22 374.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 250.09 374.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 269.50 374.10 Td (updated ) Tj ET Q
q 0 0 0 rg BT 305.84 374.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 346.83 374.10 Td (replaces ) Tj ET Q
q 0 0 0 rg BT 384.31 374.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.24 374.10 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 438.31 374.10 Td (loss ) Tj ET Q
q 0 0 0 rg BT 457.74 374.10 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 509.24 374.10 Td (method ) Tj ET Q
q 0 0 0 rg BT 543.83 374.10 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 361.50 Td (one ) Tj ET Q
q 0 0 0 rg BT 67.57 361.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 86.22 361.50 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 120.02 361.50 Td (expected ) Tj ET Q
q 0 0 0 rg BT 160.24 361.50 Td (credit ) Tj ET Q
q 0 0 0 rg BT 187.05 361.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 215.05 361.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 233.11 361.50 Td (requires ) Tj ET Q
q 0 0 0 rg BT 269.84 361.50 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 329.31 361.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 340.97 361.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 348.54 361.50 Td (broader ) Tj ET Q
q 0 0 0 rg BT 383.51 361.50 Td (range ) Tj ET Q
q 0 0 0 rg BT 409.73 361.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 421.39 361.50 Td (information ) Tj ET Q
q 0 0 0 rg BT 473.87 361.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 484.94 361.50 Td (support ) Tj ET Q
q 0 0 0 rg BT 519.35 361.50 Td (credit ) Tj ET Q
q 0 0 0 rg BT 546.16 361.50 Td (loss ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 348.90 Td (estimates. ) Tj ET Q
q 0 0 0 rg BT 94.09 348.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 118.55 348.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 150.02 348.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 169.24 348.90 Td (adopt ) Tj ET Q
q 0 0 0 rg BT 195.46 348.90 Td (this ) Tj ET Q
q 0 0 0 rg BT 213.52 348.90 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 254.31 348.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 262.27 348.90 Td (fective ) Tj ET Q
q 0 0 0 rg BT 293.09 348.90 Td (April ) Tj ET Q
q 0 0 0 rg BT 318.14 348.90 Td (1, ) Tj ET Q
q 0 0 0 rg BT 328.90 348.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 352.79 348.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 370.84 348.90 Td (does ) Tj ET Q
q 0 0 0 rg BT 392.97 348.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 409.28 348.90 Td (expect ) Tj ET Q
q 0 0 0 rg BT 439.57 348.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 455.28 348.90 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 494.92 348.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 506.55 348.90 Td (this ) Tj ET Q
q 0 0 0 rg BT 524.61 348.90 Td (guidance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 336.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.29 336.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 82.74 336.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 90.02 336.30 Td (material ) Tj ET Q
q 0 0 0 rg BT 127.05 336.30 Td (impact ) Tj ET Q
q 0 0 0 rg BT 158.25 336.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 171.37 336.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.82 336.30 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 244.86 336.30 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 286.56 336.30 Td (Statements.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 311.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 59.94 311.10 Td (January ) Tj ET Q
q 0 0 0 rg BT 94.28 311.10 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 119.60 311.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.12 311.10 Td (F) Tj ET Q
q 0 0 0 rg BT 139.18 311.10 Td (ASB ) Tj ET Q
q 0 0 0 rg BT 161.29 311.10 Td (updated ) Tj ET Q
q 0 0 0 rg BT 196.22 311.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 235.81 311.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 245.67 311.10 Td (simplify ) Tj ET Q
q 0 0 0 rg BT 282.36 311.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.88 311.10 Td (test ) Tj ET Q
q 0 0 0 rg BT 313.15 311.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 327.09 311.10 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 366.11 311.10 Td (impairment. ) Tj ET Q
q 0 0 0 rg BT 418.71 311.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 436.73 311.10 Td (updated ) Tj ET Q
q 0 0 0 rg BT 471.66 311.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 511.25 311.10 Td (still ) Tj ET Q
q 0 0 0 rg BT 528.69 311.10 Td (requires ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 298.50 Td (entities ) Tj ET Q
q 0 0 0 rg BT 82.06 298.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 92.46 298.50 Td (perform ) Tj ET Q
q 0 0 0 rg BT 128.51 298.50 Td (annual ) Tj ET Q
q 0 0 0 rg BT 158.73 298.50 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 198.29 298.50 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 248.93 298.50 Td (tests ) Tj ET Q
q 0 0 0 rg BT 269.83 298.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 282.56 298.50 Td (comparing ) Tj ET Q
q 0 0 0 rg BT 329.70 298.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 344.76 298.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 361.56 298.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 386.53 298.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 397.51 298.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 404.40 298.50 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 445.12 298.50 Td (unit ) Tj ET Q
q 0 0 0 rg BT 463.69 298.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 484.59 298.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 496.74 298.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 527.53 298.50 Td (carrying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 285.90 Td (amount, ) Tj ET Q
q 0 0 0 rg BT 85.83 285.90 Td (but ) Tj ET Q
q 0 0 0 rg BT 101.46 285.90 Td (it ) Tj ET Q
q 0 0 0 rg BT 109.50 285.90 Td (eliminates ) Tj ET Q
q 0 0 0 rg BT 154.87 285.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 169.91 285.90 Td (requirement ) Tj ET Q
q 0 0 0 rg BT 222.84 285.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 233.22 285.90 Td (potentially ) Tj ET Q
q 0 0 0 rg BT 280.34 285.90 Td (calculate ) Tj ET Q
q 0 0 0 rg BT 319.86 285.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 334.89 285.90 Td (implied ) Tj ET Q
q 0 0 0 rg BT 369.18 285.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 385.97 285.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 410.91 285.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 421.87 285.90 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 461.42 285.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 471.79 285.90 Td (determine ) Tj ET Q
q 0 0 0 rg BT 515.98 285.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.02 285.90 Td (amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 273.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.79 273.30 Td (impairment, ) Tj ET Q
q 0 0 0 rg BT 116.37 273.30 Td (if ) Tj ET Q
q 0 0 0 rg BT 126.33 273.30 Td (any) Tj ET Q
q 0 0 0 rg BT 140.81 273.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 146.98 273.30 Td (Under ) Tj ET Q
q 0 0 0 rg BT 176.77 273.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.14 273.30 Td (new ) Tj ET Q
q 0 0 0 rg BT 214.18 273.30 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 258.25 273.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 271.71 273.30 Td (entity ) Tj ET Q
q 0 0 0 rg BT 299.17 273.30 Td (should ) Tj ET Q
q 0 0 0 rg BT 330.72 273.30 Td (recognize ) Tj ET Q
q 0 0 0 rg BT 375.07 273.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 388.53 273.30 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 440.48 273.30 Td (char) Tj ET Q
q 0 0 0 rg BT 458.36 273.30 Td (ge ) Tj ET Q
q 0 0 0 rg BT 471.82 273.30 Td (if ) Tj ET Q
q 0 0 0 rg BT 481.78 273.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 498.15 273.30 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 540.19 273.30 Td (unit's ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 260.70 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 86.49 260.70 Td (amount ) Tj ET Q
q 0 0 0 rg BT 119.99 260.70 Td (exceeds ) Tj ET Q
q 0 0 0 rg BT 155.22 260.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 170.05 260.70 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 210.55 260.70 Td (unit�) Tj ET Q
q 0 0 0 rg BT 229.80 260.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 235.89 260.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 252.47 260.70 Td (value, ) Tj ET Q
q 0 0 0 rg BT 279.84 260.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 290.01 260.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 304.84 260.70 Td (amount ) Tj ET Q
q 0 0 0 rg BT 338.34 260.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 349.09 260.70 Td (such ) Tj ET Q
q 0 0 0 rg BT 370.35 260.70 Td (excess. ) Tj ET Q
q 0 0 0 rg BT 402.24 260.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 420.56 260.70 Td (updated ) Tj ET Q
q 0 0 0 rg BT 455.81 260.70 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 495.71 260.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 514.05 260.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 525.97 260.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 533.94 260.70 Td (fective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 248.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.79 248.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 86.66 248.10 Td (2021. ) Tj ET Q
q 0 0 0 rg BT 113.41 248.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 138.11 248.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 169.81 248.10 Td (does ) Tj ET Q
q 0 0 0 rg BT 192.19 248.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 208.73 248.10 Td (expect ) Tj ET Q
q 0 0 0 rg BT 239.25 248.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 255.21 248.10 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 295.08 248.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 306.95 248.10 Td (this ) Tj ET Q
q 0 0 0 rg BT 325.25 248.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 366.27 248.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 377.56 248.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 400.51 248.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 408.29 248.10 Td (material ) Tj ET Q
q 0 0 0 rg BT 445.82 248.10 Td (impact ) Tj ET Q
q 0 0 0 rg BT 477.52 248.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 491.14 248.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.09 248.10 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 235.50 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 91.20 235.50 Td (Statements. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 210.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 59.43 210.30 Td (August ) Tj ET Q
q 0 0 0 rg BT 91.30 210.30 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 116.44 210.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 130.80 210.30 Td (F) Tj ET Q
q 0 0 0 rg BT 135.86 210.30 Td (ASB ) Tj ET Q
q 0 0 0 rg BT 157.81 210.30 Td (updated ) Tj ET Q
q 0 0 0 rg BT 192.57 210.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 206.92 210.30 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 246.35 210.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 256.04 210.30 Td (clarify ) Tj ET Q
q 0 0 0 rg BT 284.96 210.30 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 332.55 210.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 346.32 210.30 Td (implementation ) Tj ET Q
q 0 0 0 rg BT 413.75 210.30 Td (costs ) Tj ET Q
q 0 0 0 rg BT 436.27 210.30 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 472.78 210.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 486.54 210.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 492.73 210.30 Td (cloud ) Tj ET Q
q 0 0 0 rg BT 517.58 210.30 Td (computing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 197.70 Td (arrangement ) Tj ET Q
q 0 0 0 rg BT 104.13 197.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 122.03 197.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 131.20 197.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 138.02 197.70 Td (service ) Tj ET Q
q 0 0 0 rg BT 169.91 197.70 Td (contract. ) Tj ET Q
q 0 0 0 rg BT 208.35 197.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 226.83 197.70 Td (update ) Tj ET Q
q 0 0 0 rg BT 256.98 197.70 Td (conforms ) Tj ET Q
q 0 0 0 rg BT 298.79 197.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 313.78 197.70 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 370.75 197.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 385.16 197.70 Td (capitalizing ) Tj ET Q
q 0 0 0 rg BT 436.29 197.70 Td (implementation ) Tj ET Q
q 0 0 0 rg BT 504.36 197.70 Td (costs ) Tj ET Q
q 0 0 0 rg BT 527.52 197.70 Td (incurred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 185.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.09 185.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 67.17 185.10 Td (cloud ) Tj ET Q
q 0 0 0 rg BT 92.92 185.10 Td (computing ) Tj ET Q
q 0 0 0 rg BT 140.25 185.10 Td (arrangement ) Tj ET Q
q 0 0 0 rg BT 195.15 185.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 213.31 185.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 222.74 185.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 229.82 185.10 Td (service ) Tj ET Q
q 0 0 0 rg BT 261.98 185.10 Td (contract ) Tj ET Q
q 0 0 0 rg BT 298.21 185.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 319.30 185.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 334.55 185.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 383.04 185.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 423.36 185.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 441.52 185.10 Td (provides ) Tj ET Q
q 0 0 0 rg BT 480.11 185.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 494.77 185.10 Td (capitalization ) Tj ET Q
q 0 0 0 rg BT 553.75 185.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 172.50 Td (costs ) Tj ET Q
q 0 0 0 rg BT 71.96 172.50 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 108.40 172.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 118.03 172.50 Td (develop ) Tj ET Q
q 0 0 0 rg BT 152.72 172.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 162.93 172.50 Td (obtain ) Tj ET Q
q 0 0 0 rg BT 190.63 172.50 Td (internal-use-software. ) Tj ET Q
q 0 0 0 rg BT 283.93 172.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 306.96 172.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 337.00 172.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 354.80 172.50 Td (adopt ) Tj ET Q
q 0 0 0 rg BT 379.58 172.50 Td (this ) Tj ET Q
q 0 0 0 rg BT 396.21 172.50 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 435.57 172.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 447.53 172.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 453.65 172.50 Td (prospective ) Tj ET Q
q 0 0 0 rg BT 503.51 172.50 Td (basis ) Tj ET Q
q 0 0 0 rg BT 525.97 172.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 533.93 172.50 Td (fective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 159.90 Td (April ) Tj ET Q
q 0 0 0 rg BT 74.83 159.90 Td (1, ) Tj ET Q
q 0 0 0 rg BT 85.88 159.90 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 112.67 159.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 137.41 159.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 169.17 159.90 Td (does ) Tj ET Q
q 0 0 0 rg BT 191.58 159.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 208.17 159.90 Td (expect ) Tj ET Q
q 0 0 0 rg BT 238.73 159.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.73 159.90 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 294.65 159.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 306.56 159.90 Td (this ) Tj ET Q
q 0 0 0 rg BT 324.90 159.90 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 365.97 159.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 377.30 159.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 400.29 159.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 408.12 159.90 Td (material ) Tj ET Q
q 0 0 0 rg BT 445.69 159.90 Td (impact ) Tj ET Q
q 0 0 0 rg BT 477.43 159.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 491.10 159.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.10 159.90 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 147.30 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 91.20 147.30 Td (Statements. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 122.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 59.74 122.10 Td (August ) Tj ET Q
q 0 0 0 rg BT 92.00 122.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 117.54 122.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.29 122.10 Td (F) Tj ET Q
q 0 0 0 rg BT 137.35 122.10 Td (ASB ) Tj ET Q
q 0 0 0 rg BT 159.70 122.10 Td (also ) Tj ET Q
q 0 0 0 rg BT 178.53 122.10 Td (updated ) Tj ET Q
q 0 0 0 rg BT 213.69 122.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 228.44 122.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 268.26 122.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 282.42 122.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 298.91 122.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 323.57 122.10 Td (measurements. ) Tj ET Q
q 0 0 0 rg BT 388.04 122.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 406.29 122.10 Td (updated ) Tj ET Q
q 0 0 0 rg BT 441.45 122.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 481.27 122.10 Td (modifies ) Tj ET Q
q 0 0 0 rg BT 519.93 122.10 Td (disclosure ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 109.50 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 105.98 109.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 131.54 109.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 143.71 109.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.19 109.50 Td (revised ) Tj ET Q
q 0 0 0 rg BT 190.18 109.50 Td (F) Tj ET Q
q 0 0 0 rg BT 195.24 109.50 Td (ASB ) Tj ET Q
q 0 0 0 rg BT 217.33 109.50 Td (Conceptual ) Tj ET Q
q 0 0 0 rg BT 266.81 109.50 Td (Framework ) Tj ET Q
q 0 0 0 rg BT 316.87 109.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 330.78 109.50 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 371.51 109.50 Td (Reporting ) Tj ET Q
q 0 0 0 rg BT 415.17 109.50 Td (finalized ) Tj ET Q
q 0 0 0 rg BT 453.56 109.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 463.02 109.50 Td (August ) Tj ET Q
q 0 0 0 rg BT 495.02 109.50 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 517.68 109.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 527.51 109.50 Td (improve ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 96.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 57.47 96.90 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 107.24 96.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 119.12 96.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 158.97 96.90 Td (statement ) Tj ET Q
q 0 0 0 rg BT 202.34 96.90 Td (disclosures. ) Tj ET Q
q 0 0 0 rg BT 254.75 96.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 279.46 96.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 311.17 96.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 330.63 96.90 Td (adopt ) Tj ET Q
q 0 0 0 rg BT 357.09 96.90 Td (this ) Tj ET Q
q 0 0 0 rg BT 375.39 96.90 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 416.41 96.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 429.35 96.90 Td (April ) Tj ET Q
q 0 0 0 rg BT 454.64 96.90 Td (1, ) Tj ET Q
q 0 0 0 rg BT 465.64 96.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 489.77 96.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 511.57 96.90 Td (no ) Tj ET Q
q 0 0 0 rg BT 525.19 96.90 Td (expected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 84.30 Td (material ) Tj ET Q
q 0 0 0 rg BT 86.52 84.30 Td (impact ) Tj ET Q
q 0 0 0 rg BT 117.72 84.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 130.85 84.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.30 84.30 Td (disclosures ) Tj ET Q
q 0 0 0 rg BT 195.59 84.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 206.38 84.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 221.83 84.30 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 279.87 84.30 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 321.57 84.30 Td (Statements. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 59.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.43 59.10 Td (December ) Tj ET Q
q 0 0 0 rg BT 105.74 59.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 131.55 59.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.56 59.10 Td (F) Tj ET Q
q 0 0 0 rg BT 151.62 59.10 Td (ASB ) Tj ET Q
q 0 0 0 rg BT 174.22 59.10 Td (updated ) Tj ET Q
q 0 0 0 rg BT 209.64 59.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 249.72 59.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 260.07 59.10 Td (simplify ) Tj ET Q
q 0 0 0 rg BT 297.25 59.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 312.25 59.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 360.50 59.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 374.92 59.10 Td (income ) Tj ET Q
q 0 0 0 rg BT 408.01 59.10 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 431.76 59.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 444.44 59.10 Td (removing ) Tj ET Q
q 0 0 0 rg BT 486.86 59.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 517.61 59.10 Td (exceptions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 46.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 61.67 46.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.50 46.50 Td (general ) Tj ET Q
q 0 0 0 rg BT 113.40 46.50 Td (principles ) Tj ET Q
q 0 0 0 rg BT 158.82 46.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 171.57 46.50 Td (income ) Tj ET Q
q 0 0 0 rg BT 206.48 46.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 223.31 46.50 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 273.38 46.50 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 315.29 46.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 327.46 46.50 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 359.44 46.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 376.27 46.50 Td (costs ) Tj ET Q
q 0 0 0 rg BT 401.28 46.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 420.44 46.50 Td (complexity ) Tj ET Q
q 0 0 0 rg BT 471.69 46.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 484.44 46.50 Td (application. ) Tj ET Q
q 0 0 0 rg BT 537.43 46.50 Td (These ) Tj ET Q
endstream
endobj
215 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 216 0 R>>
endobj
216 0 obj
<</Length 22423>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (105) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (exceptions ) Tj ET Q
q 0 0 0 rg BT 97.56 741.75 Td (relate ) Tj ET Q
q 0 0 0 rg BT 124.03 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 135.36 741.75 Td (intraperiod ) Tj ET Q
q 0 0 0 rg BT 184.58 741.75 Td (allocations, ) Tj ET Q
q 0 0 0 rg BT 235.86 741.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 273.99 741.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 289.97 741.75 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 332.21 741.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 354.04 741.75 Td (respect ) Tj ET Q
q 0 0 0 rg BT 386.93 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 398.25 741.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 431.73 741.75 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 484.47 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 502.79 741.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 536.27 741.75 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (method ) Tj ET Q
q 0 0 0 rg BT 83.73 729.15 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 139.25 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 157.15 729.15 Td (income ) Tj ET Q
q 0 0 0 rg BT 190.79 729.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 206.35 729.15 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 242.32 729.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 291.11 729.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 304.35 729.15 Td (interim ) Tj ET Q
q 0 0 0 rg BT 337.41 729.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 366.97 729.15 Td (losses. ) Tj ET Q
q 0 0 0 rg BT 397.22 729.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 416.27 729.15 Td (updated ) Tj ET Q
q 0 0 0 rg BT 452.25 729.15 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 492.88 729.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 512.53 729.15 Td (amends ) Tj ET Q
q 0 0 0 rg BT 547.34 729.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (clarifies ) Tj ET Q
q 0 0 0 rg BT 87.23 716.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 112.72 716.55 Td (areas ) Tj ET Q
q 0 0 0 rg BT 138.20 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 150.86 716.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 185.68 716.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 202.43 716.55 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 252.41 716.55 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 294.23 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 306.31 716.55 Td (improve ) Tj ET Q
q 0 0 0 rg BT 345.22 716.55 Td (consistency ) Tj ET Q
q 0 0 0 rg BT 398.12 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 417.20 716.55 Td (simplify ) Tj ET Q
q 0 0 0 rg BT 456.12 716.55 Td (application. ) Tj ET Q
q 0 0 0 rg BT 509.03 716.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 529.27 716.55 Td (updated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 90.02 703.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 108.98 703.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 121.52 703.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 129.49 703.95 Td (fective ) Tj ET Q
q 0 0 0 rg BT 160.68 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 171.47 703.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 196.83 703.95 Td (2022, ) Tj ET Q
q 0 0 0 rg BT 223.08 703.95 Td (unless ) Tj ET Q
q 0 0 0 rg BT 251.96 703.95 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 287.82 703.95 Td (earlier) Tj ET Q
q 0 0 0 rg BT 314.05 703.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 319.30 703.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 343.50 703.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 374.71 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 384.34 703.95 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 430.70 703.95 Td (its ) Tj ET Q
q 0 0 0 rg BT 443.25 703.95 Td (adoption.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 59.87 678.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 88.89 678.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 114.14 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 128.58 678.75 Td (F) Tj ET Q
q 0 0 0 rg BT 133.65 678.75 Td (ASB ) Tj ET Q
q 0 0 0 rg BT 155.69 678.75 Td (issued ) Tj ET Q
q 0 0 0 rg BT 183.56 678.75 Td (optional ) Tj ET Q
q 0 0 0 rg BT 219.60 678.75 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 259.12 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 272.98 678.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 279.26 678.75 Td (limited ) Tj ET Q
q 0 0 0 rg BT 310.63 678.75 Td (period ) Tj ET Q
q 0 0 0 rg BT 339.07 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 348.86 678.75 Td (ease ) Tj ET Q
q 0 0 0 rg BT 368.55 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.00 678.75 Td (potential ) Tj ET Q
q 0 0 0 rg BT 421.36 678.75 Td (burden ) Tj ET Q
q 0 0 0 rg BT 452.14 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 461.92 678.75 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 509.61 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 523.47 678.75 Td (reference ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (rate ) Tj ET Q
q 0 0 0 rg BT 67.63 666.15 Td (reform ) Tj ET Q
q 0 0 0 rg BT 98.59 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 111.48 666.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 150.61 666.15 Td (reporting. ) Tj ET Q
q 0 0 0 rg BT 193.94 666.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 212.66 666.15 Td (update ) Tj ET Q
q 0 0 0 rg BT 243.04 666.15 Td (provides ) Tj ET Q
q 0 0 0 rg BT 281.59 666.15 Td (optional ) Tj ET Q
q 0 0 0 rg BT 318.40 666.15 Td (expedients ) Tj ET Q
q 0 0 0 rg BT 365.70 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 383.25 666.15 Td (exceptions ) Tj ET Q
q 0 0 0 rg BT 430.55 666.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 445.18 666.15 Td (applying ) Tj ET Q
q 0 0 0 rg BT 484.32 666.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 525.78 666.15 Td (accepted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 97.53 653.55 Td (principles ) Tj ET Q
q 0 0 0 rg BT 140.90 653.55 Td (\(�GAAP�\) ) Tj ET Q
q 0 0 0 rg BT 187.76 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 197.89 653.55 Td (contracts, ) Tj ET Q
q 0 0 0 rg BT 240.38 653.55 Td (hedging ) Tj ET Q
q 0 0 0 rg BT 276.17 653.55 Td (relationships, ) Tj ET Q
q 0 0 0 rg BT 334.42 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 351.54 653.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 375.08 653.55 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 427.20 653.55 Td (af) Tj ET Q
q 0 0 0 rg BT 435.16 653.55 Td (fected ) Tj ET Q
q 0 0 0 rg BT 462.77 653.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 475.23 653.55 Td (reference ) Tj ET Q
q 0 0 0 rg BT 516.24 653.55 Td (rate ) Tj ET Q
q 0 0 0 rg BT 533.94 653.55 Td (reform ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 57.84 640.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 88.34 640.95 Td (criteria ) Tj ET Q
q 0 0 0 rg BT 120.00 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 134.74 640.95 Td (met.�) Tj ET Q
q 0 0 0 rg BT 155.55 640.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 173.80 640.95 Td (amendments ) Tj ET Q
q 0 0 0 rg BT 228.81 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 238.90 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.66 640.95 Td (update ) Tj ET Q
q 0 0 0 rg BT 283.58 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 298.33 640.95 Td (elective ) Tj ET Q
q 0 0 0 rg BT 332.90 640.95 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 376.83 640.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 406.16 640.95 Td (12, ) Tj ET Q
q 0 0 0 rg BT 421.22 640.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 444.15 640.95 Td (through ) Tj ET Q
q 0 0 0 rg BT 478.74 640.95 Td (December ) Tj ET Q
q 0 0 0 rg BT 523.81 640.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.87 640.95 Td (2022. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.70 628.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 104.91 628.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 114.54 628.35 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 160.90 628.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 173.44 628.35 Td (adoption.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 54.00 603.15 Td (2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 59.25 603.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 64.50 603.15 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 66.55 603.15 Td (Acquisitions) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 121.98 603.15 Td ( ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 54.00 577.95 Td (Gramercy ) Tj ET Q
q 0 0 0 rg BT 99.78 577.95 Td (Europe ) Tj ET Q
q 0 0 0 rg BT 134.50 577.95 Td (\(Jersey\) ) Tj ET Q
q 0 0 0 rg BT 171.52 577.95 Td (Limited) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 565.35 Td (On ) Tj ET Q
q 0 0 0 rg BT 69.85 565.35 Td (April ) Tj ET Q
q 0 0 0 rg BT 95.89 565.35 Td (10, ) Tj ET Q
q 0 0 0 rg BT 112.89 565.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 140.39 565.35 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 175.76 565.35 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 214.04 565.35 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 254.06 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 262.59 565.35 Td (majority ) Tj ET Q
q 0 0 0 rg BT 302.04 565.35 Td (stake ) Tj ET Q
q 0 0 0 rg BT 327.49 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 339.53 565.35 Td (Gramercy ) Tj ET Q
q 0 0 0 rg BT 385.38 565.35 Td (Europe ) Tj ET Q
q 0 0 0 rg BT 419.58 565.35 Td (\(Jersey\) ) Tj ET Q
q 0 0 0 rg BT 456.68 565.35 Td (Limited ) Tj ET Q
q 0 0 0 rg BT 493.80 565.35 Td (\("Gramercy"\), ) Tj ET Q
q 0 0 0 rg BT 557.84 565.35 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 552.75 Td (European ) Tj ET Q
q 0 0 0 rg BT 97.85 552.75 Td (real ) Tj ET Q
q 0 0 0 rg BT 117.21 552.75 Td (estate ) Tj ET Q
q 0 0 0 rg BT 144.73 552.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 194.43 552.75 Td (business ) Tj ET Q
q 0 0 0 rg BT 233.63 552.75 Td (specializing ) Tj ET Q
q 0 0 0 rg BT 287.40 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 299.19 552.75 Td (pan-European ) Tj ET Q
q 0 0 0 rg BT 361.70 552.75 Td (logistics ) Tj ET Q
q 0 0 0 rg BT 400.32 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 419.10 552.75 Td (industrial ) Tj ET Q
q 0 0 0 rg BT 462.38 552.75 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 493.13 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 496.49 552.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 516.43 552.75 Td (transaction ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 540.15 Td (required ) Tj ET Q
q 0 0 0 rg BT 92.07 540.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 105.06 540.15 Td (initial ) Tj ET Q
q 0 0 0 rg BT 132.65 540.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 154.39 540.15 Td (payment ) Tj ET Q
q 0 0 0 rg BT 193.63 540.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 205.46 540.15 Td ($10,247) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 239.59 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 242.67 540.15 Td (\(net ) Tj ET Q
q 0 0 0 rg BT 262.08 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 273.91 540.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 295.65 540.15 Td (acquired\), ) Tj ET Q
q 0 0 0 rg BT 341.01 540.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 369.75 540.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 389.17 540.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 410.33 540.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 436.17 540.15 Td (existing ) Tj ET Q
q 0 0 0 rg BT 472.50 540.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 494.25 540.15 Td (resources, ) Tj ET Q
q 0 0 0 rg BT 539.61 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 557.85 540.15 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 527.55 Td (potential ) Tj ET Q
q 0 0 0 rg BT 93.12 527.55 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 139.83 527.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 198.78 527.55 Td (payment ) Tj ET Q
q 0 0 0 rg BT 237.32 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.45 527.55 Td (up ) Tj ET Q
q 0 0 0 rg BT 261.33 527.55 Td (to�approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 335.16 527.55 Td ($3,735) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 364.03 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 366.41 527.55 Td (\(using ) Tj ET Q
q 0 0 0 rg BT 395.05 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 410.26 527.55 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 442.96 527.55 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 484.99 527.55 Td (rate ) Tj ET Q
q 0 0 0 rg BT 503.11 527.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 514.24 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 524.84 527.55 Td (April ) Tj ET Q
q 0 0 0 rg BT 549.39 527.55 Td (10, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 514.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 80.25 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 95.12 514.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 110.57 514.95 Td (�3,315) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 139.45 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 142.07 514.95 Td (potential ) Tj ET Q
q 0 0 0 rg BT 181.44 514.95 Td (payment\), ) Tj ET Q
q 0 0 0 rg BT 226.34 514.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 244.13 514.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 257.25 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.70 514.95 Td (fifth ) Tj ET Q
q 0 0 0 rg BT 293.41 514.95 Td (anniversary ) Tj ET Q
q 0 0 0 rg BT 345.01 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 356.38 514.95 Td (closing.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 489.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 64.73 489.75 Td (connection ) Tj ET Q
q 0 0 0 rg BT 112.77 489.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 133.42 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 148.23 489.75 Td (acquisition, ) Tj ET Q
q 0 0 0 rg BT 198.91 489.75 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 232.38 489.75 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 268.77 489.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 316.80 489.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 328.69 489.75 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 380.23 489.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 424.20 489.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 446.59 489.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 502.22 489.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 542.10 489.75 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 477.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.00 477.15 Td ($5,876) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 93.88 477.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 98.76 477.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 119.68 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 126.60 477.15 Td (useful ) Tj ET Q
q 0 0 0 rg BT 154.52 477.15 Td (life ) Tj ET Q
q 0 0 0 rg BT 170.76 477.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 181.77 477.15 Td (eight ) Tj ET Q
q 0 0 0 rg BT 205.02 477.15 Td (years) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.17 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 229.43 477.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 239.26 477.15 Td (acquisition, ) Tj ET Q
q 0 0 0 rg BT 290.22 477.15 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 329.81 477.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.81 477.15 Td ($20,196) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.94 477.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 379.82 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 397.24 477.15 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 461.32 477.15 Td (interest ) Tj ET Q
q 0 0 0 rg BT 494.48 477.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.48 477.15 Td ($1) Tj ET Q
q 0 0 0 rg BT 515.59 477.15 Td (1,715) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 539.22 477.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 544.10 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 546.19 477.15 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 464.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 71.20 464.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 96.56 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 107.93 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.38 464.55 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 170.33 464.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 229.53 464.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 239.73 464.55 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 288.43 464.55 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.39 464.55 Td ($3,389) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.26 464.55 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 54.00 439.35 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 98.62 439.35 Td (Investments, ) Tj ET Q
q 0 0 0 rg BT 155.79 439.35 Td (LLC ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 426.75 Td (On ) Tj ET Q
q 0 0 0 rg BT 68.83 426.75 Td (January ) Tj ET Q
q 0 0 0 rg BT 103.48 426.75 Td (22, ) Tj ET Q
q 0 0 0 rg BT 118.60 426.75 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 144.23 426.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 167.80 426.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 198.38 426.75 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 236.52 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 243.18 426.75 Td (minority ) Tj ET Q
q 0 0 0 rg BT 281.34 426.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 309.58 426.75 Td (position ) Tj ET Q
q 0 0 0 rg BT 345.42 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 355.59 426.75 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 397.24 426.75 Td (Investments, ) Tj ET Q
q 0 0 0 rg BT 452.60 426.75 Td (LLC ) Tj ET Q
q 0 0 0 rg BT 474.43 426.75 Td (\("Precidian"\). ) Tj ET Q
q 0 0 0 rg BT 534.27 426.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 536.27 426.75 Td (Under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 71.12 414.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 98.74 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 111.78 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 128.90 414.15 Td (transaction, ) Tj ET Q
q 0 0 0 rg BT 181.88 414.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 207.75 414.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 240.63 414.15 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 281.06 414.15 Td (series ) Tj ET Q
q 0 0 0 rg BT 309.26 414.15 Td (B ) Tj ET Q
q 0 0 0 rg BT 320.56 414.15 Td (preferred ) Tj ET Q
q 0 0 0 rg BT 363.32 414.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 388.03 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 401.07 414.15 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 445.02 414.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 465.05 414.15 Td (entitle ) Tj ET Q
q 0 0 0 rg BT 495.59 414.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 521.45 414.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 554.33 414.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 401.55 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 117.21 401.55 Td (20%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.46 401.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 139.02 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 150.34 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.73 401.55 Td (voting ) Tj ET Q
q 0 0 0 rg BT 195.13 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 212.85 401.55 Td (economic ) Tj ET Q
q 0 0 0 rg BT 256.24 401.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 293.79 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 305.11 401.55 Td (Precidian, ) Tj ET Q
q 0 0 0 rg BT 349.95 401.55 Td (along ) Tj ET Q
q 0 0 0 rg BT 375.84 401.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 397.08 401.55 Td (customary ) Tj ET Q
q 0 0 0 rg BT 443.38 401.55 Td (preferred ) Tj ET Q
q 0 0 0 rg BT 484.41 401.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 513.22 401.55 Td (protections. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 376.35 Td (On ) Tj ET Q
q 0 0 0 rg BT 69.08 376.35 Td (January ) Tj ET Q
q 0 0 0 rg BT 103.98 376.35 Td (21, ) Tj ET Q
q 0 0 0 rg BT 119.36 376.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 145.23 376.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 169.05 376.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 199.88 376.35 Td (provided ) Tj ET Q
q 0 0 0 rg BT 239.46 376.35 Td (notice ) Tj ET Q
q 0 0 0 rg BT 267.36 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 278.36 376.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 290.52 376.35 Td (intent ) Tj ET Q
q 0 0 0 rg BT 316.69 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 327.10 376.35 Td (convert ) Tj ET Q
q 0 0 0 rg BT 360.83 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.91 376.35 Td (preferred ) Tj ET Q
q 0 0 0 rg BT 416.63 376.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 439.30 376.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.71 376.35 Td (75%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.96 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 471.21 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 482.20 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 497.28 376.35 Td (common ) Tj ET Q
q 0 0 0 rg BT 536.27 376.35 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 65.87 363.75 Td (Precidian ) Tj ET Q
q 0 0 0 rg BT 108.64 363.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 122.26 363.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 130.04 363.75 Td (fully ) Tj ET Q
q 0 0 0 rg BT 152.99 363.75 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 185.27 363.75 Td (basis ) Tj ET Q
q 0 0 0 rg BT 209.39 363.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 224.76 363.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 232.54 363.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 254.31 363.75 Td (payment ) Tj ET Q
q 0 0 0 rg BT 293.59 363.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.46 363.75 Td ($25,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 339.58 363.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 345.33 363.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 348.22 363.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 367.66 363.75 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 416.85 363.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 426.98 363.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 459.84 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 471.12 363.75 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 522.07 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 533.93 363.75 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 351.15 Td (closing ) Tj ET Q
q 0 0 0 rg BT 86.96 351.15 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 133.33 351.15 Td (within ) Tj ET Q
q 0 0 0 rg BT 162.79 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.25 351.15 Td (nine ) Tj ET Q
q 0 0 0 rg BT 198.95 351.15 Td (months ) Tj ET Q
q 0 0 0 rg BT 232.49 351.15 Td (following ) Tj ET Q
q 0 0 0 rg BT 275.95 351.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 300.15 351.15 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 337.34 351.15 Td (notice.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 325.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 78.64 325.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 110.29 325.95 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 150.10 325.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 165.41 325.95 Td (its ) Tj ET Q
q 0 0 0 rg BT 178.40 325.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 227.54 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 238.78 325.95 Td (Precidian, ) Tj ET Q
q 0 0 0 rg BT 284.12 325.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 312.85 325.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 322.92 325.95 Td (included ) Tj ET Q
q 0 0 0 rg BT 362.14 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 373.38 325.95 Td (Other ) Tj ET Q
q 0 0 0 rg BT 400.35 325.95 Td (non-current ) Tj ET Q
q 0 0 0 rg BT 452.40 325.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 479.97 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 491.20 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.10 325.95 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 54.00 313.35 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 90.44 313.35 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 120.48 313.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 131.85 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 143.22 313.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 173.25 313.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 189.00 313.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 212.63 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 230.41 313.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 256.66 313.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 283.19 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.65 313.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 327.52 313.35 Td (method ) Tj ET Q
q 0 0 0 rg BT 361.64 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 373.01 313.35 Td (accounting.) Tj ET Q
endstream
endobj
217 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 218 0 R>>
endobj
218 0 obj
<</Length 18726>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (106) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 55.25 741.90 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.50 741.90 Td (Investments ) Tj ET Q
q 0 0 0 rg BT 117.38 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 136.93 741.90 Td (Fair) Tj ET Q
q 0 0 0 rg BT 155.98 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 158.42 741.90 Td (V) Tj ET Q
q 0 0 0 rg BT 165.04 741.90 Td (alue ) Tj ET Q
q 0 0 0 rg BT 186.33 741.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.12 741.90 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 227.75 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 247.30 741.90 Td (Liabilities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 292.23 741.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.23 716.70 Td (disclosures ) Tj ET Q
q 0 0 0 rg BT 116.80 716.70 Td (below ) Tj ET Q
q 0 0 0 rg BT 144.36 716.70 Td (include ) Tj ET Q
q 0 0 0 rg BT 177.17 716.70 Td (details ) Tj ET Q
q 0 0 0 rg BT 206.49 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 217.14 716.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 240.62 716.70 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 277.09 716.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 315.72 716.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 342.12 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 359.19 716.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 397.83 716.70 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 438.81 716.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 456.46 716.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 471.18 716.70 Td (measured ) Tj ET Q
q 0 0 0 rg BT 513.32 716.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 522.80 716.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 539.28 716.70 Td (value ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 69.40 704.10 Td (NA) Tj ET Q
q 0 0 0 rg BT 83.21 704.10 Td (V) Tj ET Q
q 0 0 0 rg BT 89.44 704.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 96.31 704.10 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 141.96 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.02 704.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 200.00 704.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 228.74 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 248.14 704.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 289.11 704.10 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 332.43 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 345.42 704.10 Td (CIVs. ) Tj ET Q
q 0 0 0 rg BT 374.45 704.10 Td (See ) Tj ET Q
q 0 0 0 rg BT 393.85 704.10 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.51 704.10 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.01 704.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 435.56 704.10 Td (V) Tj ET Q
q 0 0 0 rg BT 441.98 704.10 Td (ariable ) Tj ET Q
q 0 0 0 rg BT 474.79 704.10 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 510.51 704.10 Td (Entities ) Tj ET Q
q 0 0 0 rg BT 546.84 704.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.50 Td (Consolidation ) Tj ET Q
q 0 0 0 rg BT 111.57 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 122.97 691.50 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 172.08 691.50 Td (V) Tj ET Q
q 0 0 0 rg BT 178.50 691.50 Td (ehicles, ) Tj ET Q
q 0 0 0 rg BT 212.93 691.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 227.83 691.50 Td (information ) Tj ET Q
q 0 0 0 rg BT 280.05 691.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 311.27 691.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 322.08 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 337.56 691.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 364.71 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 382.52 691.50 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 424.25 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 435.65 691.50 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 460.47 691.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 478.87 691.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 494.34 691.50 Td (measured ) Tj ET Q
q 0 0 0 rg BT 537.22 691.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 547.45 691.50 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 75.36 678.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 86.74 678.90 Td (NA) Tj ET Q
q 0 0 0 rg BT 100.55 678.90 Td (V) Tj ET Q
q 0 0 0 rg BT 106.78 678.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.37 653.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 84.98 653.70 Td (values ) Tj ET Q
q 0 0 0 rg BT 113.84 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 124.63 653.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 163.40 653.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 189.94 653.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 207.14 653.70 Td (\(liabilities\) ) Tj ET Q
q 0 0 0 rg BT 255.25 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 266.04 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.91 653.70 Td (Company ) Tj ET Q
q 0 0 0 rg BT 323.78 653.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 346.22 653.70 Td (determined ) Tj ET Q
q 0 0 0 rg BT 395.50 653.70 Td (using ) Tj ET Q
q 0 0 0 rg BT 420.29 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 435.16 653.70 Td (following ) Tj ET Q
q 0 0 0 rg BT 478.03 653.70 Td (categories ) Tj ET Q
q 0 0 0 rg BT 522.63 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 533.42 653.70 Td (inputs:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 629.2 m
265.5 629.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265.5 629.2 m
277.5 629.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 629.2 m
339.5 629.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
339.5 629.2 m
351.5 629.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 629.2 m
416.5 629.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
416.5 629.2 m
426.5 629.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 629.2 m
488.5 629.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488.5 629.2 m
502.5 629.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 629.2 m
561.5 629.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 573.2 m
196.5 573.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 573.2 m
265.5 573.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 573.2 m
339.5 573.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 573.2 m
416.5 573.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 573.2 m
488.5 573.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 573.2 m
561.5 573.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 573.2 m
196.5 573.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 369.2 m
196.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 369.2 m
265.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 369.2 m
339.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 369.2 m
416.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 369.2 m
488.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 354.2 m
196.5 354.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 369.2 m
265.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 354.2 m
265.5 354.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 369.2 m
339.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 354.2 m
339.5 354.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 369.2 m
416.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 354.2 m
416.5 354.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 369.2 m
488.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 354.2 m
488.5 354.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 369.2 m
561.5 369.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 354.2 m
561.5 354.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 294.2 m
265.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 294.2 m
339.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 294.2 m
416.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 294.2 m
488.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 294.2 m
561.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 294.2 m
196.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 280.2 m
196.5 280.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 294.2 m
265.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 280.2 m
265.5 280.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 294.2 m
339.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 280.2 m
339.5 280.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 294.2 m
416.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 280.2 m
416.5 280.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 294.2 m
488.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 280.2 m
488.5 280.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 294.2 m
561.5 294.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 280.2 m
561.5 280.2 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.25 633.42 Td (As of March 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 577.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.15 609.47 Td (Quoted prices) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 214.55 598.97 Td (in active) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 215.85 588.47 Td (markets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.10 577.97 Td (\(Level 1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.95 619.42 Td (Significant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 297.20 608.92 Td (other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.25 598.42 Td (observable) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 295.15 587.92 Td (inputs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 288.60 577.42 Td (\(Level 2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.45 609.47 Td (Significant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.50 598.97 Td (unobservable) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.65 588.47 Td (inputs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 364.10 577.97 Td (\(Level 3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.60 598.97 Td (Investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.75 588.47 Td (measured at) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.35 577.97 Td (NA) Tj ET Q
q 0 0 0 rg BT 460.16 577.97 Td (V) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 520.00 577.99 Td (T) Tj ET Q
q 0 0 0 rg BT 526.04 577.99 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 563.59 Td (Assets:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 546.97 Td (Cash equivalents) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 129.45 551.73 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.00 546.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.35 546.97 Td (594,514) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.00 546.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.60 546.97 Td (12,521) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.00 546.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 546.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.00 546.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 546.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 505.00 546.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 523.35 546.99 Td (607,035) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 531.97 Td (Equity investments:) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 141.71 536.73 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 517.42 Td (Seed capital investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 232.60 517.42 Td (48,940) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.60 517.42 Td (19,538) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.60 517.42 Td (38,895) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.85 517.42 Td (1,360) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 523.35 517.59 Td (108,733) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 502.47 Td (Investments related to long-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.00 491.97 Td (term incentive plans) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.35 491.97 Td (210,891) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 491.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 491.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 491.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 523.35 491.99 Td (210,891) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 477.42 Td (Other investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 232.60 477.42 Td (12,406) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 311.85 477.42 Td (1,577) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 477.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 477.42 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 477.59 Td (13,983) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 462.97 Td (Equity method investments:) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 175.83 467.73 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 447.97 Td (Seed capital investments) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 170.81 452.73 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 447.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 447.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.60 447.97 Td (43,059) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.60 447.97 Td (12,571) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 447.99 Td (55,630) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 432.47 Td (Investments related to long-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.00 421.97 Td (term incentive plans) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 161.14 426.73 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 421.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 421.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 421.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.85 421.97 Td (5,287) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 533.85 421.99 Td (5,287) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 406.97 Td (Other investments) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 143.70 411.73 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 406.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 406.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 406.97 Td (48) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.85 406.97 Td (8,371) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 533.85 406.99 Td (8,419) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 391.97 Td (Adjusted cost investments) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 168.24 396.73 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 391.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 391.97 Td (70) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.60 391.97 Td (19,659) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 391.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 391.99 Td (19,729) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 373.97 Td (Derivative assets) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 129.44 378.73 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.85 373.97 Td (4,716) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 373.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 373.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 373.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 533.85 373.99 Td (4,716) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 358.97 Td (T) Tj ET Q
q 0 0 0 rg BT 63.68 358.97 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.00 358.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.35 358.97 Td (871,467) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.00 358.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.60 358.97 Td (33,706) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.00 358.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 378.35 358.97 Td (101,661) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.00 358.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.60 358.97 Td (27,589) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 505.00 358.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 515.50 358.99 Td (1,034,423) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 339.99 Td (Liabilities:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 324.47 Td (Contingent consideration ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 313.97 Td (liabilities) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 106.08 318.73 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.00 313.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 313.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.00 313.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 313.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.00 313.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.35 313.97 Td (\(3,308) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 412.50 313.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.00 313.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 313.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 505.00 313.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.35 313.99 Td (\(3,308) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 557.50 313.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 298.97 Td (Derivative liabilities) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 144.02 303.73 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 229.10 298.97 Td (\(13,872) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.50 298.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 298.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 298.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 298.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 525.10 298.99 Td (\(13,872) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 557.50 298.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 284.42 Td (T) Tj ET Q
q 0 0 0 rg BT 57.68 284.42 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.00 284.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 229.10 284.42 Td (\(13,872) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.50 284.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.00 284.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 284.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.00 284.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.35 284.42 Td (\(3,308) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 412.50 284.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.00 284.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 284.42 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 505.00 284.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 525.10 284.59 Td (\(17,180) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 557.50 284.59 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
219 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 220 0 R>>
endobj
220 0 obj
<</Length 34619>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (107) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 734.5 m
265.5 734.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
265.5 734.5 m
277.5 734.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 734.5 m
339.5 734.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
339.5 734.5 m
351.5 734.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 734.5 m
416.5 734.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
416.5 734.5 m
426.5 734.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 734.5 m
488.5 734.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488.5 734.5 m
502.5 734.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 734.5 m
561.5 734.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 678.5 m
196.5 678.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 678.5 m
265.5 678.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 678.5 m
339.5 678.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 678.5 m
416.5 678.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 678.5 m
488.5 678.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 678.5 m
561.5 678.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 678.5 m
196.5 678.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 474.5 m
196.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 474.5 m
265.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 474.5 m
339.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 474.5 m
416.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 474.5 m
488.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 459.5 m
196.5 459.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 474.5 m
265.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 459.5 m
265.5 459.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 474.5 m
339.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 459.5 m
339.5 459.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 474.5 m
416.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 459.5 m
416.5 459.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 474.5 m
488.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 459.5 m
488.5 459.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 474.5 m
561.5 474.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 459.5 m
561.5 459.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 399.5 m
265.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 399.5 m
339.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 399.5 m
416.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 399.5 m
488.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 399.5 m
561.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 399.5 m
196.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 385.5 m
196.5 385.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 399.5 m
265.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
200.5 385.5 m
265.5 385.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 399.5 m
339.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
277.5 385.5 m
339.5 385.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 399.5 m
416.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
351.5 385.5 m
416.5 385.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 399.5 m
488.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 385.5 m
488.5 385.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 399.5 m
561.5 399.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 385.5 m
561.5 385.5 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.25 738.72 Td (As of March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 683.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.15 714.77 Td (Quoted prices) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 214.55 704.27 Td (in active) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 215.85 693.77 Td (markets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.10 683.27 Td (\(Level 1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.95 724.72 Td (Significant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 297.20 714.22 Td (other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.25 703.72 Td (observable) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 295.15 693.22 Td (inputs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 288.60 682.72 Td (\(Level 2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.45 714.77 Td (Significant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.50 704.27 Td (unobservable) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.65 693.77 Td (inputs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 364.10 683.27 Td (\(Level 3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.60 704.27 Td (Investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.75 693.77 Td (measured at) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.35 683.27 Td (NA) Tj ET Q
q 0 0 0 rg BT 460.84 683.27 Td (V) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.75 683.27 Td (T) Tj ET Q
q 0 0 0 rg BT 526.43 683.27 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 668.89 Td (Assets:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 652.27 Td (Cash equivalents) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 129.45 657.03 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.00 652.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.35 652.27 Td (556,231) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.00 652.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.60 652.27 Td (20,160) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.00 652.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 652.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.00 652.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 652.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.00 652.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.35 652.27 Td (576,391) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 637.27 Td (Equity investments:) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 141.71 642.03 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 622.72 Td (Seed capital investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 232.60 622.72 Td (98,276) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.60 622.72 Td (30,601) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 388.85 622.72 Td (1,455) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.85 622.72 Td (2,183) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.35 622.72 Td (132,515) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 607.77 Td (Investments related to long-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.00 597.27 Td (term incentive plans) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.35 597.27 Td (21) Tj ET Q
q 0 0 0 rg BT 237.85 597.27 Td (1,802) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 597.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 597.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 597.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.35 597.27 Td (21) Tj ET Q
q 0 0 0 rg BT 533.85 597.27 Td (1,802) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 582.72 Td (Other investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 232.60 582.72 Td (19,486) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 311.85 582.72 Td (2,142) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 582.72 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 582.72 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 582.72 Td (21,628) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 568.27 Td (Equity method investments:) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 175.83 573.03 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 553.27 Td (Seed capital investments) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 170.81 558.03 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 553.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 553.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.60 553.27 Td (40,854) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.60 553.27 Td (10,675) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 553.27 Td (51,529) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 537.77 Td (Investments related to long-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.00 527.27 Td (term incentive plans) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 161.14 532.03 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 527.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 527.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 527.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.60 527.27 Td (1) Tj ET Q
q 0 0 0 rg BT 460.85 527.27 Td (1,184) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 527.27 Td (1) Tj ET Q
q 0 0 0 rg BT 533.85 527.27 Td (1,184) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 512.27 Td (Other investments) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 143.70 517.03 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 512.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 512.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 388.85 512.27 Td (1,218) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.60 512.27 Td (10,251) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 512.27 Td (1) Tj ET Q
q 0 0 0 rg BT 533.85 512.27 Td (1,469) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 497.27 Td (Adjusted cost investments) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 168.24 502.03 Td (\(4\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 497.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 497.27 Td (74) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.60 497.27 Td (12,171) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 497.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 497.27 Td (12,245) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 479.27 Td (Derivative assets) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 129.44 484.03 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.85 479.27 Td (4,183) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 479.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 479.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 479.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 479.27 Td (4,183) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 464.27 Td (T) Tj ET Q
q 0 0 0 rg BT 63.68 464.27 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.00 464.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.35 464.27 Td (889,978) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.00 464.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.60 464.27 Td (52,977) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.00 464.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.60 464.27 Td (55,698) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.00 464.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.60 464.27 Td (34,293) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.00 464.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 515.50 464.27 Td (1,032,946) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 445.29 Td (Liabilities:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 429.77 Td (Contingent consideration ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.00 419.27 Td (liabilities) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 106.08 424.03 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.00 419.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.00 419.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.00 419.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 419.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.00 419.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.35 419.27 Td (\(1,415) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 412.50 419.27 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.00 419.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 419.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.00 419.27 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.35 419.27 Td (\(1,415) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.50 419.27 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 404.27 Td (Derivative liabilities) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 144.02 409.03 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 234.35 404.27 Td (\(7,579) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.50 404.27 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 404.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.00 404.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 404.27 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.35 404.27 Td (\(7,579) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.50 404.27 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 389.72 Td (T) Tj ET Q
q 0 0 0 rg BT 57.68 389.72 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.00 389.72 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 234.35 389.72 Td (\(7,579) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.50 389.72 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.00 389.72 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.00 389.72 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.00 389.72 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.35 389.72 Td (\(1,415) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 412.50 389.72 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.00 389.72 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.00 389.72 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.00 389.72 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.35 389.72 Td (\(8,994) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.50 389.72 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 375.80 Td (\(1\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 375.80 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 87.40 375.80 Td (investments ) Tj ET Q
q 0 0 0 rg BT 130.42 375.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 139.43 375.80 Td (actively ) Tj ET Q
q 0 0 0 rg BT 168.74 375.80 Td (traded ) Tj ET Q
q 0 0 0 rg BT 192.38 375.80 Td (money ) Tj ET Q
q 0 0 0 rg BT 217.92 375.80 Td (market ) Tj ET Q
q 0 0 0 rg BT 243.92 375.80 Td (funds ) Tj ET Q
q 0 0 0 rg BT 265.21 375.80 Td (are ) Tj ET Q
q 0 0 0 rg BT 277.99 375.80 Td (classified ) Tj ET Q
q 0 0 0 rg BT 312.50 375.80 Td (as ) Tj ET Q
q 0 0 0 rg BT 321.98 375.80 Td (Level ) Tj ET Q
q 0 0 0 rg BT 343.74 375.80 Td (1.��Cash ) Tj ET Q
q 0 0 0 rg BT 373.77 375.80 Td (investments ) Tj ET Q
q 0 0 0 rg BT 416.78 375.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 425.79 375.80 Td (time ) Tj ET Q
q 0 0 0 rg BT 443.30 375.80 Td (deposits ) Tj ET Q
q 0 0 0 rg BT 473.57 375.80 Td (and ) Tj ET Q
q 0 0 0 rg BT 488.25 375.80 Td (other ) Tj ET Q
q 0 0 0 rg BT 508.12 375.80 Td (are ) Tj ET Q
q 0 0 0 rg BT 520.90 375.80 Td (measured ) Tj ET Q
q 0 0 0 rg BT 555.87 375.80 Td (at ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 365.60 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 104.35 365.60 Td (cost, ) Tj ET Q
q 0 0 0 rg BT 122.52 365.60 Td (which ) Tj ET Q
q 0 0 0 rg BT 145.66 365.60 Td (approximates ) Tj ET Q
q 0 0 0 rg BT 193.81 365.60 Td (fair ) Tj ET Q
q 0 0 0 rg BT 207.97 365.60 Td (value ) Tj ET Q
q 0 0 0 rg BT 228.73 365.60 Td (because ) Tj ET Q
q 0 0 0 rg BT 258.00 365.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.44 365.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.18 365.60 Td (short ) Tj ET Q
q 0 0 0 rg BT 299.54 365.60 Td (time ) Tj ET Q
q 0 0 0 rg BT 317.01 365.60 Td (between ) Tj ET Q
q 0 0 0 rg BT 347.69 365.60 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 380.26 365.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 389.70 365.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.44 365.60 Td (instrument ) Tj ET Q
q 0 0 0 rg BT 441.16 365.60 Td (and ) Tj ET Q
q 0 0 0 rg BT 455.80 365.60 Td (its ) Tj ET Q
q 0 0 0 rg BT 466.19 365.60 Td (expected ) Tj ET Q
q 0 0 0 rg BT 498.75 365.60 Td (realization ) Tj ET Q
q 0 0 0 rg BT 536.98 365.60 Td (and ) Tj ET Q
q 0 0 0 rg BT 551.62 365.60 Td (are ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 355.40 Td (classified ) Tj ET Q
q 0 0 0 rg BT 102.23 355.40 Td (as ) Tj ET Q
q 0 0 0 rg BT 111.43 355.40 Td (Level ) Tj ET Q
q 0 0 0 rg BT 132.91 355.40 Td (2.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 345.20 Td (\(2\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 345.20 Td (Included ) Tj ET Q
q 0 0 0 rg BT 99.86 345.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 108.60 345.20 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 148.50 345.20 Td (securities ) Tj ET Q
q 0 0 0 rg BT 182.72 345.20 Td (on ) Tj ET Q
q 0 0 0 rg BT 193.35 345.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 205.86 345.20 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 252.84 345.20 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 282.34 345.20 Td (Sheets. ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 335.05 Td (\(3\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 335.05 Td (Primarily ) Tj ET Q
q 0 0 0 rg BT 102.58 335.05 Td (investments ) Tj ET Q
q 0 0 0 rg BT 145.65 335.05 Td (in ) Tj ET Q
q 0 0 0 rg BT 154.73 335.05 Td (private ) Tj ET Q
q 0 0 0 rg BT 180.80 335.05 Td (equity ) Tj ET Q
q 0 0 0 rg BT 204.51 335.05 Td (and ) Tj ET Q
q 0 0 0 rg BT 219.25 335.05 Td (real ) Tj ET Q
q 0 0 0 rg BT 234.45 335.05 Td (estate ) Tj ET Q
q 0 0 0 rg BT 256.27 335.05 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 279.75 335.05 Td ( ) Tj ET Q
q 0 0 0 rg BT 282.04 335.05 Td (These ) Tj ET Q
q 0 0 0 rg BT 304.80 335.05 Td (equity ) Tj ET Q
q 0 0 0 rg BT 328.51 335.05 Td (method ) Tj ET Q
q 0 0 0 rg BT 356.48 335.05 Td (investments ) Tj ET Q
q 0 0 0 rg BT 399.55 335.05 Td (are ) Tj ET Q
q 0 0 0 rg BT 412.39 335.05 Td (investment ) Tj ET Q
q 0 0 0 rg BT 452.16 335.05 Td (companies ) Tj ET Q
q 0 0 0 rg BT 490.98 335.05 Td (that ) Tj ET Q
q 0 0 0 rg BT 506.19 335.05 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 540.29 335.05 Td (record ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 324.85 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 106.18 324.85 Td (investments ) Tj ET Q
q 0 0 0 rg BT 148.15 324.85 Td (at ) Tj ET Q
q 0 0 0 rg BT 155.64 324.85 Td (fair ) Tj ET Q
q 0 0 0 rg BT 168.79 324.85 Td (value. ) Tj ET Q
q 0 0 0 rg BT 190.67 324.85 Td ( ) Tj ET Q
q 0 0 0 rg BT 191.93 324.85 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 228.92 324.85 Td (the ) Tj ET Q
q 0 0 0 rg BT 240.65 324.85 Td (fair ) Tj ET Q
q 0 0 0 rg BT 253.81 324.85 Td (value ) Tj ET Q
q 0 0 0 rg BT 273.57 324.85 Td (of ) Tj ET Q
q 0 0 0 rg BT 282.00 324.85 Td (these ) Tj ET Q
q 0 0 0 rg BT 300.82 324.85 Td (investments ) Tj ET Q
q 0 0 0 rg BT 342.79 324.85 Td (is ) Tj ET Q
q 0 0 0 rg BT 349.81 324.85 Td (measured ) Tj ET Q
q 0 0 0 rg BT 383.74 324.85 Td (using ) Tj ET Q
q 0 0 0 rg BT 403.51 324.85 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 422.33 324.85 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 451.67 324.85 Td (share ) Tj ET Q
q 0 0 0 rg BT 470.96 324.85 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.39 324.85 Td (the ) Tj ET Q
q 0 0 0 rg BT 491.13 324.85 Td (investee's ) Tj ET Q
q 0 0 0 rg BT 525.18 324.85 Td (underlying ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 314.65 Td (net ) Tj ET Q
q 0 0 0 rg BT 80.56 314.65 Td (income ) Tj ET Q
q 0 0 0 rg BT 107.76 314.65 Td (or ) Tj ET Q
q 0 0 0 rg BT 117.01 314.65 Td (loss, ) Tj ET Q
q 0 0 0 rg BT 134.54 314.65 Td (which ) Tj ET Q
q 0 0 0 rg BT 157.49 314.65 Td (is ) Tj ET Q
q 0 0 0 rg BT 165.34 314.65 Td (predominately ) Tj ET Q
q 0 0 0 rg BT 216.61 314.65 Td (representative ) Tj ET Q
q 0 0 0 rg BT 266.45 314.65 Td (of ) Tj ET Q
q 0 0 0 rg BT 275.71 314.65 Td (fair ) Tj ET Q
q 0 0 0 rg BT 289.68 314.65 Td (value ) Tj ET Q
q 0 0 0 rg BT 310.27 314.65 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 353.05 314.65 Td (in ) Tj ET Q
q 0 0 0 rg BT 361.84 314.65 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.40 314.65 Td (investments ) Tj ET Q
q 0 0 0 rg BT 417.18 314.65 Td (held ) Tj ET Q
q 0 0 0 rg BT 433.99 314.65 Td (by ) Tj ET Q
q 0 0 0 rg BT 444.67 314.65 Td (the ) Tj ET Q
q 0 0 0 rg BT 457.23 314.65 Td (equity ) Tj ET Q
q 0 0 0 rg BT 480.65 314.65 Td (method ) Tj ET Q
q 0 0 0 rg BT 508.33 314.65 Td (investee. ) Tj ET Q
q 0 0 0 rg BT 540.48 314.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 542.65 314.65 Td (Other ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 304.45 Td (equity ) Tj ET Q
q 0 0 0 rg BT 91.90 304.45 Td (method ) Tj ET Q
q 0 0 0 rg BT 120.05 304.45 Td (investments ) Tj ET Q
q 0 0 0 rg BT 163.31 304.45 Td (not ) Tj ET Q
q 0 0 0 rg BT 176.83 304.45 Td (measured ) Tj ET Q
q 0 0 0 rg BT 212.05 304.45 Td (at ) Tj ET Q
q 0 0 0 rg BT 220.84 304.45 Td (fair ) Tj ET Q
q 0 0 0 rg BT 235.29 304.45 Td (value ) Tj ET Q
q 0 0 0 rg BT 256.35 304.45 Td (on ) Tj ET Q
q 0 0 0 rg BT 267.50 304.45 Td (a ) Tj ET Q
q 0 0 0 rg BT 273.93 304.45 Td (recurring ) Tj ET Q
q 0 0 0 rg BT 307.73 304.45 Td (basis ) Tj ET Q
q 0 0 0 rg BT 327.39 304.45 Td (of ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 337.12 304.45 Td ($28,373) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 364.74 304.45 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.40 304.45 Td (and ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 382.32 304.45 Td ($28,160) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 409.95 304.45 Td ( ) Tj ET Q
q 0 0 0 rg BT 412.60 304.45 Td (as ) Tj ET Q
q 0 0 0 rg BT 422.34 304.45 Td (of ) Tj ET Q
q 0 0 0 rg BT 432.07 304.45 Td (March ) Tj ET Q
q 0 0 0 rg BT 456.91 304.45 Td (31, ) Tj ET Q
q 0 0 0 rg BT 470.19 304.45 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 489.84 304.45 Td (and ) Tj ET Q
q 0 0 0 rg BT 504.77 304.45 Td (March ) Tj ET Q
q 0 0 0 rg BT 529.60 304.45 Td (31, ) Tj ET Q
q 0 0 0 rg BT 542.88 304.45 Td (2019, ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 294.25 Td (respectively) Tj ET Q
q 0 0 0 rg BT 108.51 294.25 Td (, ) Tj ET Q
q 0 0 0 rg BT 112.76 294.25 Td (are ) Tj ET Q
q 0 0 0 rg BT 125.27 294.25 Td (excluded ) Tj ET Q
q 0 0 0 rg BT 158.07 294.25 Td (from ) Tj ET Q
q 0 0 0 rg BT 176.72 294.25 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.23 294.25 Td (tables ) Tj ET Q
q 0 0 0 rg BT 211.18 294.25 Td (above.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 284.05 Td (\(4\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 284.05 Td (Included ) Tj ET Q
q 0 0 0 rg BT 99.86 284.05 Td (in ) Tj ET Q
q 0 0 0 rg BT 108.60 284.05 Td (Other ) Tj ET Q
q 0 0 0 rg BT 130.08 284.05 Td (noncurrent ) Tj ET Q
q 0 0 0 rg BT 169.02 284.05 Td (assets ) Tj ET Q
q 0 0 0 rg BT 190.98 284.05 Td (in ) Tj ET Q
q 0 0 0 rg BT 199.72 284.05 Td (the ) Tj ET Q
q 0 0 0 rg BT 212.23 284.05 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 259.21 284.05 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 288.71 284.05 Td (Sheets.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 273.85 Td (\(5\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 273.85 Td (See ) Tj ET Q
q 0 0 0 rg BT 82.40 273.85 Td (Note ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 101.05 273.85 Td (17) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 109.55 273.85 Td (.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 263.65 Td (\(6\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 263.65 Td (See ) Tj ET Q
q 0 0 0 rg BT 82.40 263.65 Td (Note ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 101.05 263.65 Td (9) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 105.30 263.65 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 240.85 Td (The ) Tj ET Q
q 0 0 0 rg BT 70.10 240.85 Td (net ) Tj ET Q
q 0 0 0 rg BT 86.69 240.85 Td (realized ) Tj ET Q
q 0 0 0 rg BT 123.69 240.85 Td (and ) Tj ET Q
q 0 0 0 rg BT 142.62 240.85 Td (unrealized ) Tj ET Q
q 0 0 0 rg BT 190.12 240.85 Td (gains ) Tj ET Q
q 0 0 0 rg BT 216.05 240.85 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 251.90 240.85 Td (for ) Tj ET Q
q 0 0 0 rg BT 267.92 240.85 Td (investment ) Tj ET Q
q 0 0 0 rg BT 317.77 240.85 Td (securities ) Tj ET Q
q 0 0 0 rg BT 361.19 240.85 Td (classified ) Tj ET Q
q 0 0 0 rg BT 404.62 240.85 Td (as ) Tj ET Q
q 0 0 0 rg BT 417.13 240.85 Td (equity ) Tj ET Q
q 0 0 0 rg BT 447.15 240.85 Td (investments ) Tj ET Q
q 0 0 0 rg BT 501.09 240.85 Td (under ) Tj ET Q
q 0 0 0 rg BT 528.76 240.85 Td (updated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 228.25 Td (investment ) Tj ET Q
q 0 0 0 rg BT 98.94 228.25 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 147.88 228.25 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 188.65 228.25 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 211.91 228.25 Td ($\(33,585\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 253.03 228.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 255.90 228.25 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 273.93 228.25 Td ($13,628) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.05 228.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 310.92 228.25 Td (for ) Tj ET Q
q 0 0 0 rg BT 326.03 228.25 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.72 228.25 Td (years ) Tj ET Q
q 0 0 0 rg BT 366.75 228.25 Td (ended ) Tj ET Q
q 0 0 0 rg BT 394.68 228.25 Td (March ) Tj ET Q
q 0 0 0 rg BT 424.96 228.25 Td (31, ) Tj ET Q
q 0 0 0 rg BT 440.95 228.25 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 464.82 228.25 Td (and ) Tj ET Q
q 0 0 0 rg BT 482.84 228.25 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 509.34 228.25 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.38 228.25 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 215.65 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.95 215.65 Td (for ) Tj ET Q
q 0 0 0 rg BT 82.98 215.65 Td (investment ) Tj ET Q
q 0 0 0 rg BT 131.84 215.65 Td (securities ) Tj ET Q
q 0 0 0 rg BT 174.29 215.65 Td (classified ) Tj ET Q
q 0 0 0 rg BT 216.73 215.65 Td (as ) Tj ET Q
q 0 0 0 rg BT 228.26 215.65 Td (trading ) Tj ET Q
q 0 0 0 rg BT 260.79 215.65 Td (investments ) Tj ET Q
q 0 0 0 rg BT 313.74 215.65 Td (under ) Tj ET Q
q 0 0 0 rg BT 340.44 215.65 Td (prior ) Tj ET Q
q 0 0 0 rg BT 363.64 215.65 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 412.49 215.65 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 453.18 215.65 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.37 215.65 Td ($31,012) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 510.49 215.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 513.28 215.65 Td (for ) Tj ET Q
q 0 0 0 rg BT 528.31 215.65 Td (the ) Tj ET Q
q 0 0 0 rg BT 543.93 215.65 Td (year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 203.05 Td (ended ) Tj ET Q
q 0 0 0 rg BT 77.70 203.05 Td (March ) Tj ET Q
q 0 0 0 rg BT 107.73 203.05 Td (31, ) Tj ET Q
q 0 0 0 rg BT 123.48 203.05 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 149.73 203.05 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 180.45 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.92 180.45 Td (net ) Tj ET Q
q 0 0 0 rg BT 82.34 180.45 Td (unrealized ) Tj ET Q
q 0 0 0 rg BT 127.66 180.45 Td (gains ) Tj ET Q
q 0 0 0 rg BT 151.42 180.45 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 185.10 180.45 Td (relating ) Tj ET Q
q 0 0 0 rg BT 218.76 180.45 Td (to ) Tj ET Q
q 0 0 0 rg BT 228.52 180.45 Td (equity ) Tj ET Q
q 0 0 0 rg BT 256.36 180.45 Td (investments ) Tj ET Q
q 0 0 0 rg BT 308.12 180.45 Td (still ) Tj ET Q
q 0 0 0 rg BT 325.47 180.45 Td (held ) Tj ET Q
q 0 0 0 rg BT 345.15 180.45 Td (as ) Tj ET Q
q 0 0 0 rg BT 355.49 180.45 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.83 180.45 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.25 180.45 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 420.34 180.45 Td (date ) Tj ET Q
q 0 0 0 rg BT 439.42 180.45 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 461.41 180.45 Td ($\(46,929\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.53 180.45 Td ( ) Tj ET Q
q 0 0 0 rg BT 504.13 180.45 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.88 180.45 Td ($\(12,878\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 167.85 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.68 167.85 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.95 167.85 Td (years ) Tj ET Q
q 0 0 0 rg BT 104.54 167.85 Td (ended ) Tj ET Q
q 0 0 0 rg BT 132.05 167.85 Td (March ) Tj ET Q
q 0 0 0 rg BT 161.90 167.85 Td (31, ) Tj ET Q
q 0 0 0 rg BT 177.46 167.85 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 200.90 167.85 Td (and ) Tj ET Q
q 0 0 0 rg BT 218.50 167.85 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 244.56 167.85 Td (respectively) Tj ET Q
q 0 0 0 rg BT 294.61 167.85 Td (, ) Tj ET Q
q 0 0 0 rg BT 299.67 167.85 Td (and ) Tj ET Q
q 0 0 0 rg BT 317.27 167.85 Td (relating ) Tj ET Q
q 0 0 0 rg BT 351.78 167.85 Td (to ) Tj ET Q
q 0 0 0 rg BT 362.39 167.85 Td (trading ) Tj ET Q
q 0 0 0 rg BT 394.57 167.85 Td (investments ) Tj ET Q
q 0 0 0 rg BT 447.17 167.85 Td (still ) Tj ET Q
q 0 0 0 rg BT 465.37 167.85 Td (held ) Tj ET Q
q 0 0 0 rg BT 485.88 167.85 Td (as ) Tj ET Q
q 0 0 0 rg BT 497.07 167.85 Td (of ) Tj ET Q
q 0 0 0 rg BT 508.26 167.85 Td (the ) Tj ET Q
q 0 0 0 rg BT 523.52 167.85 Td (reporting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 155.20 Td (date ) Tj ET Q
q 0 0 0 rg BT 70.11 155.20 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 93.14 155.20 Td ($7,045) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 122.01 155.20 Td ( ) Tj ET Q
q 0 0 0 rg BT 124.64 155.20 Td (for ) Tj ET Q
q 0 0 0 rg BT 139.51 155.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.96 155.20 Td (year ) Tj ET Q
q 0 0 0 rg BT 175.65 155.20 Td (ended ) Tj ET Q
q 0 0 0 rg BT 203.35 155.20 Td (March ) Tj ET Q
q 0 0 0 rg BT 233.38 155.20 Td (31, ) Tj ET Q
q 0 0 0 rg BT 249.13 155.20 Td (2018.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 132.60 Td (Seed ) Tj ET Q
q 0 0 0 rg BT 73.10 132.60 Td (capital ) Tj ET Q
q 0 0 0 rg BT 103.78 132.60 Td (investments ) Tj ET Q
q 0 0 0 rg BT 156.63 132.60 Td (represent ) Tj ET Q
q 0 0 0 rg BT 197.80 132.60 Td (investments ) Tj ET Q
q 0 0 0 rg BT 250.65 132.60 Td (made ) Tj ET Q
q 0 0 0 rg BT 276.08 132.60 Td (by ) Tj ET Q
q 0 0 0 rg BT 289.27 132.60 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 313.54 132.60 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 344.81 132.60 Td (to ) Tj ET Q
q 0 0 0 rg BT 355.67 132.60 Td (fund ) Tj ET Q
q 0 0 0 rg BT 377.61 132.60 Td (new ) Tj ET Q
q 0 0 0 rg BT 397.79 132.60 Td (investment ) Tj ET Q
q 0 0 0 rg BT 446.56 132.60 Td (products ) Tj ET Q
q 0 0 0 rg BT 485.41 132.60 Td (and ) Tj ET Q
q 0 0 0 rg BT 503.26 132.60 Td (strategies. ) Tj ET Q
q 0 0 0 rg BT 548.23 132.60 Td ( ) Tj ET Q
q 0 0 0 rg BT 550.33 132.60 Td (As ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 120.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.96 120.00 Td (March ) Tj ET Q
q 0 0 0 rg BT 92.57 120.00 Td (31, ) Tj ET Q
q 0 0 0 rg BT 108.90 120.00 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 133.11 120.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 151.48 120.00 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 178.32 120.00 Td (seed ) Tj ET Q
q 0 0 0 rg BT 200.19 120.00 Td (capital ) Tj ET Q
q 0 0 0 rg BT 231.38 120.00 Td (investments ) Tj ET Q
q 0 0 0 rg BT 284.75 120.00 Td (totaled ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 316.54 120.00 Td ($192,760) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.91 120.00 Td ( ) Tj ET Q
q 0 0 0 rg BT 359.12 120.00 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 377.49 120.00 Td ($227,756) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 416.87 120.00 Td (, ) Tj ET Q
q 0 0 0 rg BT 422.70 120.00 Td (respectively) Tj ET Q
q 0 0 0 rg BT 472.75 120.00 Td (, ) Tj ET Q
q 0 0 0 rg BT 478.58 120.00 Td (with ) Tj ET Q
q 0 0 0 rg BT 500.46 120.00 Td (investments ) Tj ET Q
q 0 0 0 rg BT 553.83 120.00 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 107.40 Td (excess ) Tj ET Q
q 0 0 0 rg BT 79.93 107.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 91.20 107.40 Td ($1,000 ) Tj ET Q
q 0 0 0 rg BT 122.59 107.40 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 133.28 107.40 Td (41) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 143.78 107.40 Td ( ) Tj ET Q
q 0 0 0 rg BT 146.31 107.40 Td (funds ) Tj ET Q
q 0 0 0 rg BT 172.16 107.40 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 189.84 107.40 Td (52) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 200.34 107.40 Td ( ) Tj ET Q
q 0 0 0 rg BT 202.87 107.40 Td (funds, ) Tj ET Q
q 0 0 0 rg BT 231.35 107.40 Td (respectively) Tj ET Q
q 0 0 0 rg BT 281.39 107.40 Td (, ) Tj ET Q
q 0 0 0 rg BT 286.54 107.40 Td (comprising ) Tj ET Q
q 0 0 0 rg BT 336.31 107.40 Td (over ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.49 107.40 Td (85%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 376.74 107.40 Td ( ) Tj ET Q
q 0 0 0 rg BT 379.26 107.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 390.53 107.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 405.88 107.40 Td (total ) Tj ET Q
q 0 0 0 rg BT 427.06 107.40 Td (at ) Tj ET Q
q 0 0 0 rg BT 437.16 107.40 Td (each ) Tj ET Q
q 0 0 0 rg BT 458.92 107.40 Td (period ) Tj ET Q
q 0 0 0 rg BT 488.27 107.40 Td (end. ) Tj ET Q
q 0 0 0 rg BT 508.57 107.40 Td ( ) Tj ET Q
q 0 0 0 rg BT 511.10 107.40 Td (Seed ) Tj ET Q
q 0 0 0 rg BT 534.03 107.40 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 94.80 Td (investments ) Tj ET Q
q 0 0 0 rg BT 102.18 94.80 Td (presented ) Tj ET Q
q 0 0 0 rg BT 144.42 94.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 154.60 94.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 169.44 94.80 Td (tables ) Tj ET Q
q 0 0 0 rg BT 195.95 94.80 Td (above ) Tj ET Q
q 0 0 0 rg BT 223.03 94.80 Td (exclude ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 257.69 94.80 Td ($28,397) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.82 94.80 Td ( ) Tj ET Q
q 0 0 0 rg BT 293.83 94.80 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 311.00 94.80 Td ($43,712) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.13 94.80 Td (, ) Tj ET Q
q 0 0 0 rg BT 349.76 94.80 Td (as ) Tj ET Q
q 0 0 0 rg BT 360.52 94.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.28 94.80 Td (March ) Tj ET Q
q 0 0 0 rg BT 400.70 94.80 Td (31, ) Tj ET Q
q 0 0 0 rg BT 415.83 94.80 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 438.85 94.80 Td (and ) Tj ET Q
q 0 0 0 rg BT 456.02 94.80 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 481.66 94.80 Td (respectively) Tj ET Q
q 0 0 0 rg BT 531.70 94.80 Td (, ) Tj ET Q
q 0 0 0 rg BT 536.34 94.80 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 82.20 Td (is ) Tj ET Q
q 0 0 0 rg BT 58.81 82.20 Td (related ) Tj ET Q
q 0 0 0 rg BT 89.19 82.20 Td (to ) Tj ET Q
q 0 0 0 rg BT 99.17 82.20 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 122.55 82.20 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 158.93 82.20 Td (investments ) Tj ET Q
q 0 0 0 rg BT 210.90 82.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 220.88 82.20 Td (CIVs. ) Tj ET Q
q 0 0 0 rg BT 247.49 82.20 Td ( ) Tj ET Q
q 0 0 0 rg BT 249.30 82.20 Td (See ) Tj ET Q
q 0 0 0 rg BT 266.27 82.20 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 288.49 82.20 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.99 82.20 Td ( ) Tj ET Q
q 0 0 0 rg BT 300.80 82.20 Td (for ) Tj ET Q
q 0 0 0 rg BT 314.86 82.20 Td (additional ) Tj ET Q
q 0 0 0 rg BT 358.66 82.20 Td (information ) Tj ET Q
q 0 0 0 rg BT 410.04 82.20 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 452.09 82.20 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 475.47 82.20 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 511.85 82.20 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 69.60 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.79 69.60 Td (CIVs.) Tj ET Q
endstream
endobj
221 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 222 0 R>>
endobj
222 0 obj
<</Length 29492>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (108) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.17 741.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 105.84 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 116.85 741.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 156.43 741.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 183.78 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 201.79 741.75 Td (\(liabilities\) ) Tj ET Q
q 0 0 0 rg BT 250.71 741.75 Td (measured ) Tj ET Q
q 0 0 0 rg BT 293.79 741.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 304.22 741.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 321.64 741.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 347.22 741.75 Td (using ) Tj ET Q
q 0 0 0 rg BT 372.83 741.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 420.00 741.75 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 478.83 741.75 Td (inputs ) Tj ET Q
q 0 0 0 rg BT 507.35 741.75 Td (\(Level ) Tj ET Q
q 0 0 0 rg BT 537.60 741.75 Td (3\) ) Tj ET Q
q 0 0 0 rg BT 549.19 741.75 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (presented ) Tj ET Q
q 0 0 0 rg BT 92.86 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 103.65 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.10 729.15 Td (tables ) Tj ET Q
q 0 0 0 rg BT 146.22 729.15 Td (below:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 650.65 m
157.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
161.5 650.65 m
230.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 650.65 m
282.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 650.65 m
319.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 650.65 m
388.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 650.65 m
438.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 650.65 m
492.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 650.65 m
561.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 650.65 m
157.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 650.65 m
282.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 650.65 m
319.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 650.65 m
388.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 650.65 m
438.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 650.65 m
492.5 650.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 527.65 m
157.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
161.5 527.65 m
230.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 527.65 m
282.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 527.65 m
319.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 527.65 m
388.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 527.65 m
438.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 527.65 m
492.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 527.65 m
561.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 512.65 m
157.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
161.5 527.65 m
230.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
161.5 512.65 m
230.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 527.65 m
282.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 512.65 m
282.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 527.65 m
319.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 512.65 m
319.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 527.65 m
388.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 512.65 m
388.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 527.65 m
438.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 512.65 m
438.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 527.65 m
492.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 512.65 m
492.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 527.65 m
561.5 527.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 512.65 m
561.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 512.65 m
282.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 512.65 m
319.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 512.65 m
388.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 512.65 m
438.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 512.65 m
492.5 512.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 461.65 m
157.5 461.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
161.5 461.65 m
230.5 461.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 461.65 m
282.5 461.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 461.65 m
319.5 461.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 461.65 m
388.5 461.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 461.65 m
438.5 461.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 461.65 m
492.5 461.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 461.65 m
561.5 461.65 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 655.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 167.20 676.42 Td (Balance as of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 173.90 665.92 Td (March 31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 185.00 655.42 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.00 655.42 Td (Purchases) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.40 655.42 Td (Sales) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.30 676.42 Td (Redemptions/) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 329.50 665.92 Td (Settlements/) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 343.50 655.42 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.35 655.42 Td (T) Tj ET Q
q 0 0 0 rg BT 401.58 655.42 Td (ransfers) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.60 707.92 Td (Realized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.40 697.42 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.10 686.92 Td (unrealized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.45 676.42 Td (gains/) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.60 665.92 Td (\(losses\),) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.55 655.42 Td (net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 499.00 676.44 Td (Balance as of) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 505.55 665.94 Td (Mar) Tj ET Q
q 0 0 0 rg BT 525.18 665.94 Td (ch 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 518.00 655.44 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 640.44 Td (Assets:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 56.50 624.92 Td (Equity investments -) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 614.42 Td (seed capital) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 168.50 614.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 202.85 614.42 Td (1,455) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.00 614.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.60 614.42 Td (39,550) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.00 614.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 614.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.00 614.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.35 614.42 Td (\(1,457) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.50 614.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.00 614.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 614.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.00 614.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.25 614.42 Td (\(653) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.50 614.42 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 499.00 614.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 614.44 Td (38,895) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 56.50 599.42 Td (Equity method investments:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 583.92 Td (Seed capital) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 573.42 Td (investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.60 573.42 Td (40,854) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.85 573.42 Td (2,660) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 573.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.35 573.42 Td (\(3,257) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.50 573.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 573.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 464.85 573.42 Td (2,802) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 573.44 Td (43,059) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 558.42 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 202.85 558.42 Td (1,218) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 268.00 558.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 558.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.35 558.42 Td (\(1,228) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.50 558.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 558.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.00 558.42 Td (58) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 547.00 558.44 Td (48) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 56.50 542.92 Td (Adjusted cost) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 532.42 Td (investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.60 532.42 Td (12,171) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.60 532.42 Td (14,569) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 532.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.35 532.42 Td (\(9,556) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.50 532.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 532.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 464.85 532.42 Td (2,475) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 532.44 Td (19,659) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 517.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 164.00 517.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.60 517.42 Td (55,698) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.00 517.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.60 517.42 Td (56,779) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.00 517.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 517.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.00 517.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 352.10 517.42 Td (\(15,498) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.50 517.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.00 517.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 517.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.00 517.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 464.85 517.42 Td (4,682) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 499.00 517.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 523.35 517.44 Td (101,661) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 502.44 Td (Liabilities:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 56.50 487.42 Td (Contingent) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 476.92 Td (consideration) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 466.42 Td (liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 164.00 466.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 199.35 466.42 Td (\(1,415) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 226.50 466.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.00 466.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.35 466.42 Td (\(3,389) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 278.50 466.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.15 466.42 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.00 466.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.75 466.42 Td (500) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.15 466.42 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.00 466.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 472.75 466.42 Td (996) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 499.00 466.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.35 466.44 Td (\(3,308) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 557.50 466.44 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 371.65 m
156.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
160.5 371.65 m
230.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 371.65 m
282.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 371.65 m
319.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 371.65 m
388.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 371.65 m
438.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 371.65 m
492.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 371.65 m
561.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 371.65 m
156.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 371.65 m
282.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 371.65 m
319.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 371.65 m
388.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 371.65 m
438.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 371.65 m
492.5 371.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 246.64999999999998 m
156.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
160.5 246.64999999999998 m
230.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 246.64999999999998 m
282.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 246.64999999999998 m
388.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 246.64999999999998 m
492.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 231.64999999999998 m
156.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
160.5 246.64999999999998 m
230.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
160.5 231.64999999999998 m
230.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 246.64999999999998 m
282.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 231.64999999999998 m
282.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 246.64999999999998 m
319.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 231.64999999999998 m
319.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 246.64999999999998 m
388.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 231.64999999999998 m
388.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 246.64999999999998 m
438.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 231.64999999999998 m
438.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 246.64999999999998 m
492.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 231.64999999999998 m
492.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 246.64999999999998 m
561.5 246.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 231.64999999999998 m
561.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 231.64999999999998 m
282.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 231.64999999999998 m
319.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 231.64999999999998 m
388.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 231.64999999999998 m
438.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 231.64999999999998 m
492.5 231.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 180.64999999999998 m
156.5 180.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
160.5 180.64999999999998 m
230.5 180.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
234.5 180.64999999999998 m
282.5 180.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
286.5 180.64999999999998 m
319.5 180.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323.5 180.64999999999998 m
388.5 180.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 180.64999999999998 m
438.5 180.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 180.64999999999998 m
492.5 180.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496.5 180.64999999999998 m
561.5 180.64999999999998 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 376.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 166.70 397.42 Td (Balance as of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 173.40 386.92 Td (March 31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 376.42 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.00 376.42 Td (Purchases) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.40 376.42 Td (Sales) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.30 397.42 Td (Redemptions/) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 329.50 386.92 Td (Settlements/) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 343.50 376.42 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.35 376.42 Td (T) Tj ET Q
q 0 0 0 rg BT 401.58 376.42 Td (ransfers) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.60 428.92 Td (Realized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.40 418.42 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.10 407.92 Td (unrealized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.45 397.42 Td (gains/) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.60 386.92 Td (\(losses\),) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.55 376.42 Td (net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.20 397.42 Td (Balance as of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.90 386.92 Td (March 31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.00 376.42 Td (2019) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 361.44 Td (Assets:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 56.50 345.92 Td (Equity investments -) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 335.42 Td (seed capital) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 163.00 335.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 202.85 335.42 Td (1,242) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.00 335.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 268.00 335.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.00 335.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 335.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.00 335.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.00 335.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.00 335.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 335.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.00 335.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 472.75 335.42 Td (213) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 499.00 335.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 335.42 Td (1,455) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 56.50 320.42 Td (Equity method investments:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 304.92 Td (Seed capital) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 294.42 Td (investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.60 294.42 Td (33,725) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.85 294.42 Td (9,726) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 294.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.35 294.42 Td (\(5,21) Tj ET Q
q 0 0 0 rg BT 379.22 294.42 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.50 294.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 294.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 464.85 294.42 Td (2,614) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 294.42 Td (40,854) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 277.42 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 216.00 277.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.85 277.42 Td (2,150) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 277.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.25 277.42 Td (\(985) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.50 277.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 277.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.00 277.42 Td (53) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 277.42 Td (1,218) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 56.50 261.92 Td (Adjusted cost) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 251.42 Td (investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 202.85 251.42 Td (6,951) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.85 251.42 Td (5,263) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 251.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 375.75 251.42 Td (\(2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.50 251.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 251.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.50 251.42 Td (\(41) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.50 251.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 251.42 Td (12,171) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 236.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 163.00 236.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.60 236.42 Td (41,918) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 237.00 236.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.60 236.42 Td (17,139) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.00 236.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 236.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.00 236.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.35 236.42 Td (\(6,198) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.50 236.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.00 236.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.00 236.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.00 236.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 464.85 236.42 Td (2,839) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 499.00 236.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 236.42 Td (55,698) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 221.44 Td (Liabilities:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 56.50 206.42 Td (Contingent) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 195.92 Td (consideration) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 185.42 Td (liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 163.00 185.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 199.35 185.42 Td (\(5,607) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 226.50 185.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 266.15 185.42 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.15 185.42 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.00 185.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.85 185.42 Td (4,870) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.15 185.42 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.00 185.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.25 185.42 Td (\(678) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.50 185.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 499.00 185.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.35 185.42 Td (\(1,415) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.50 185.42 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 144.55 Td (Realized ) Tj ET Q
q 0 0 0 rg BT 90.21 144.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.85 144.55 Td (unrealized ) Tj ET Q
q 0 0 0 rg BT 156.06 144.55 Td (gains ) Tj ET Q
q 0 0 0 rg BT 181.71 144.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 200.35 144.55 Td (losses ) Tj ET Q
q 0 0 0 rg BT 228.92 144.55 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 269.12 144.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 284.85 144.55 Td (Level�3 ) Tj ET Q
q 0 0 0 rg BT 320.11 144.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 373.75 144.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 390.05 144.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 429.69 144.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 441.34 144.55 Td (Other ) Tj ET Q
q 0 0 0 rg BT 468.73 144.55 Td (non-operating ) Tj ET Q
q 0 0 0 rg BT 531.11 144.55 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 131.95 Td (\(expense\), ) Tj ET Q
q 0 0 0 rg BT 96.19 131.95 Td (net, ) Tj ET Q
q 0 0 0 rg BT 114.40 131.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 125.32 131.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 140.91 131.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 199.08 131.95 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 247.91 131.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 259.41 131.95 Td (Income ) Tj ET Q
q 0 0 0 rg BT 293.66 131.95 Td (\(Loss\). ) Tj ET Q
q 0 0 0 rg BT 325.87 131.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 328.42 131.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 347.50 131.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 379.99 131.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 390.92 131.95 Td (unrealized ) Tj ET Q
q 0 0 0 rg BT 437.40 131.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 462.32 131.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 477.31 131.95 Td (Level�3 ) Tj ET Q
q 0 0 0 rg BT 511.85 131.95 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 119.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.00 119.35 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 109.93 119.35 Td (still ) Tj ET Q
q 0 0 0 rg BT 128.53 119.35 Td (held ) Tj ET Q
q 0 0 0 rg BT 149.45 119.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 159.87 119.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 175.54 119.35 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 216.87 119.35 Td (date ) Tj ET Q
q 0 0 0 rg BT 237.20 119.35 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 256.37 119.35 Td ($3,145) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 285.25 119.35 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 290.46 119.35 Td ($2,876) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 319.33 119.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 324.80 119.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.80 119.35 Td ($927) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 363.80 119.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 366.65 119.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 381.73 119.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.40 119.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 422.40 119.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 450.31 119.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 480.56 119.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 496.53 119.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 523.00 119.35 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 546.84 119.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 106.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 76.25 106.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 126.30 106.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 81.55 Td (Level ) Tj ET Q
q 0 0 0 rg BT 76.02 81.55 Td (3 ) Tj ET Q
q 0 0 0 rg BT 83.39 81.55 Td (purchases ) Tj ET Q
q 0 0 0 rg BT 126.90 81.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 141.26 81.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.21 81.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 176.39 81.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 203.58 81.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 233.10 81.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 248.34 81.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 271.46 81.55 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 300.38 81.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 307.16 81.55 Td (seed ) Tj ET Q
q 0 0 0 rg BT 327.93 81.55 Td (capital ) Tj ET Q
q 0 0 0 rg BT 358.03 81.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 406.23 81.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 416.51 81.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 423.29 81.55 Td (real ) Tj ET Q
q 0 0 0 rg BT 441.14 81.55 Td (estate-focused ) Tj ET Q
q 0 0 0 rg BT 503.31 81.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 524.67 81.55 Td (designed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 68.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 65.18 68.95 Td (individual ) Tj ET Q
q 0 0 0 rg BT 110.71 68.95 Td (investors ) Tj ET Q
q 0 0 0 rg BT 151.56 68.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 169.67 68.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 182.52 68.95 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 220.45 68.95 Td (cost ) Tj ET Q
q 0 0 0 rg BT 240.31 68.95 Td (minority ) Tj ET Q
q 0 0 0 rg BT 279.42 68.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 328.43 68.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 339.54 68.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 347.15 68.95 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 370.50 68.95 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 416.59 68.95 Td (solutions ) Tj ET Q
q 0 0 0 rg BT 457.46 68.95 Td (provider) Tj ET Q
q 0 0 0 rg BT 492.45 68.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 498.01 68.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 500.74 68.95 Td (There ) Tj ET Q
q 0 0 0 rg BT 528.17 68.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 551.51 68.95 Td (no ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 56.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 96.95 56.35 Td (transfers ) Tj ET Q
q 0 0 0 rg BT 135.73 56.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 173.33 56.35 Td (Level ) Tj ET Q
q 0 0 0 rg BT 199.86 56.35 Td (1 ) Tj ET Q
q 0 0 0 rg BT 207.74 56.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 225.52 56.35 Td (Level ) Tj ET Q
q 0 0 0 rg BT 252.05 56.35 Td (2 ) Tj ET Q
q 0 0 0 rg BT 259.92 56.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 289.96 56.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 305.42 56.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 330.20 56.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 357.89 56.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 387.92 56.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 403.67 56.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 427.30 56.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 445.08 56.35 Td (2019.) Tj ET Q
endstream
endobj
223 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 224 0 R>>
endobj
224 0 obj
<</Length 18899>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (109) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.72 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 70.43 741.75 Td (practical ) Tj ET Q
q 0 0 0 rg BT 108.62 741.75 Td (expedient, ) Tj ET Q
q 0 0 0 rg BT 154.12 741.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 177.74 741.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 208.38 741.75 Td (relies ) Tj ET Q
q 0 0 0 rg BT 233.17 741.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 245.72 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 260.60 741.75 Td (NA) Tj ET Q
q 0 0 0 rg BT 274.41 741.75 Td (V) Tj ET Q
q 0 0 0 rg BT 281.80 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 283.85 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 294.65 741.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 325.26 741.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 377.48 741.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 388.28 741.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 409.57 741.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 426.19 741.75 Td (value.��) Tj ET Q
q 0 0 0 rg BT 456.62 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 474.99 741.75 Td (NA) Tj ET Q
q 0 0 0 rg BT 488.80 741.75 Td (Vs ) Tj ET Q
q 0 0 0 rg BT 502.52 741.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 520.32 741.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 542.19 741.75 Td (been ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (provided ) Tj ET Q
q 0 0 0 rg BT 89.35 729.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 101.88 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 116.73 729.15 Td (investees ) Tj ET Q
q 0 0 0 rg BT 157.25 729.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 179.10 729.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 200.94 729.15 Td (derived ) Tj ET Q
q 0 0 0 rg BT 234.46 729.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 256.89 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 271.75 729.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 288.34 729.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 317.20 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.97 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.82 729.15 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 390.34 729.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 442.53 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 453.31 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 464.08 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 478.93 729.15 Td (respective ) Tj ET Q
q 0 0 0 rg BT 523.52 729.15 Td (reporting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.55 Td (dates.��) Tj ET Q
q 0 0 0 rg BT 79.26 716.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 99.19 716.55 Td (following ) Tj ET Q
q 0 0 0 rg BT 143.63 716.55 Td (table ) Tj ET Q
q 0 0 0 rg BT 167.65 716.55 Td (summarizes ) Tj ET Q
q 0 0 0 rg BT 221.41 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 237.85 716.55 Td (nature ) Tj ET Q
q 0 0 0 rg BT 267.69 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 280.04 716.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 305.23 716.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 359.00 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.77 716.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 396.54 716.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 428.71 716.55 Td (liquidation ) Tj ET Q
q 0 0 0 rg BT 477.81 716.55 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 528.08 716.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 540.43 716.55 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 703.95 Td (factors ) Tj ET Q
q 0 0 0 rg BT 81.19 703.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 109.48 703.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 130.18 703.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 161.38 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.83 703.95 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 213.87 703.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 239.23 703.95 Td (realized:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 678.45 m
316.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
316.5 678.45 m
332.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 678.45 m
407.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
417.5 678.45 m
487.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 678.45 m
503.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503.5 678.45 m
562.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 652.45 m
129.5 652.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
133.5 652.45 m
244.5 652.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 678.45 m
316.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 652.45 m
316.5 652.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 678.45 m
407.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 652.45 m
407.5 652.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
417.5 652.45 m
487.5 652.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503.5 652.45 m
562.5 652.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 652.45 m
316.5 652.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 652.45 m
407.5 652.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 429.45 m
316.5 429.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 429.45 m
129.5 429.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 414.45 m
129.5 414.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
133.5 429.45 m
244.5 429.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
133.5 414.45 m
244.5 414.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 429.45 m
316.5 429.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 414.45 m
316.5 414.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 429.45 m
407.5 429.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 414.45 m
407.5 414.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
417.5 429.45 m
487.5 429.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
417.5 414.45 m
487.5 414.45 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.00 683.22 Td (Fair ) Tj ET Q
q 0 0 0 rg BT 273.44 683.22 Td (V) Tj ET Q
q 0 0 0 rg BT 280.35 683.22 Td (alue Determined Using NA) Tj ET Q
q 0 0 0 rg BT 394.27 683.22 Td (V) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.25 683.22 Td (As of March 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 64.55 667.72 Td (Category of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.15 657.22 Td (Investment) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 146.35 657.22 Td (Investment Strategy) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 259.05 667.74 Td (Mar) Tj ET Q
q 0 0 0 rg BT 278.68 667.74 Td (ch 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 271.50 657.24 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.90 667.72 Td (March 31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.65 657.22 Td ( 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.00 657.22 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.00 667.72 Td (Unfunded) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.20 657.22 Td (Commitments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.45 667.72 Td (Remaining) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.45 657.22 Td (T) Tj ET Q
q 0 0 0 rg BT 527.50 657.22 Td (erm) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 610.72 Td (Funds-of-hedge) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 600.22 Td (funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 642.22 Td (Global macro, fixed) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 631.72 Td (income, long/short) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 621.22 Td (equity) Tj ET Q
q 0 0 0 rg BT 161.90 621.22 Td (, natural resources,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 610.72 Td (systematic, emer) Tj ET Q
q 0 0 0 rg BT 206.47 610.72 Td (ging) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 600.22 Td (market, European hedge) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 251.00 600.24 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 283.60 600.24 Td (1) Tj ET Q
q 0 0 0 rg BT 288.85 600.24 Td (1,966) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 319.00 599.70 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 335.00 600.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 379.85 600.22 Td (9,910) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.15 600.22 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 526.05 600.22 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 532.22 Td (Hedge funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 584.72 Td (Fixed income -) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 574.22 Td (developed market, event) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 563.72 Td (driven, fixed income -) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 553.22 Td (hedge, relative value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 542.72 Td (arbitrage, European) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 532.22 Td (hedge) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 288.85 532.24 Td (1,212) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 379.85 532.22 Td (1,515) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.15 532.22 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 526.05 532.22 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 516.72 Td (Private equity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 506.22 Td (funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 506.22 Td (Long/short equity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 288.85 506.24 Td (9,101) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 319.00 505.70 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.60 506.22 Td (1) Tj ET Q
q 0 0 0 rg BT 379.85 506.22 Td (1,636) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.00 506.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 506.22 Td (5,647) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 514.10 516.72 Td (Up to 10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.40 506.22 Td (years) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 491.22 Td (Equity method) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 480.72 Td (investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 470.22 Td (related to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 459.72 Td (long-term) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 449.22 Td (incentive plans) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 470.22 Td (Alternatives, structured) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 145.00 459.72 Td (securities, short-dated) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 145.00 449.22 Td (fixed income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 288.85 449.24 Td (5,287) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 319.00 448.70 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.60 449.22 Td (1) Tj ET Q
q 0 0 0 rg BT 379.85 449.22 Td (1,185) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.15 449.22 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 526.05 449.22 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 434.22 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 434.22 Td (V) Tj ET Q
q 0 0 0 rg BT 143.00 434.22 Td (arious) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 302.00 434.24 Td (23) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 393.00 434.22 Td (47) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.15 434.22 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.45 434.22 Td (V) Tj ET Q
q 0 0 0 rg BT 522.87 434.22 Td (arious) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 419.22 Td (T) Tj ET Q
q 0 0 0 rg BT 58.68 419.22 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.00 419.22 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 251.00 419.24 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 283.60 419.24 Td (27,589) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 335.00 419.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.60 419.22 Td (34,293) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.00 419.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 419.22 Td (5,647) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 532.50 419.22 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 404.75 Td (n/a - not applicable) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 394.55 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 68.00 394.55 Td (Liquidation ) Tj ET Q
q 0 0 0 rg BT 109.79 394.55 Td (restrictions: ) Tj ET Q
q 0 0 0 rg BT 152.04 394.55 Td ( ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 154.17 394.55 Td (1) Tj ET Q
q 0 0 0 rg BT 158.10 394.55 Td (1%) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 169.44 394.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 171.56 394.55 Td (monthly ) Tj ET Q
q 0 0 0 rg BT 202.02 394.55 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 242.86 394.55 Td (and ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 257.26 394.55 Td (89%) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 272.84 394.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 274.96 394.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 287.46 394.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 300.45 394.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 326.65 394.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 335.39 394.55 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 376.23 394.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 385.43 394.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 397.93 394.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 410.92 394.55 Td (currently ) Tj ET Q
q 0 0 0 rg BT 443.73 394.55 Td (redeemable.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 384.35 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 68.00 384.35 Td (Liquidations ) Tj ET Q
q 0 0 0 rg BT 113.10 384.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 125.60 384.35 Td (expected ) Tj ET Q
q 0 0 0 rg BT 157.93 384.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 175.15 384.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.66 384.35 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 224.25 384.35 Td (term.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 361.55 Td (There are no current plans to sell any of these investments held as of March 31, 2020.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 336.95 Td (4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 55.25 336.95 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.50 336.95 Td (Fixed ) Tj ET Q
q 0 0 0 rg BT 87.63 336.95 Td (Assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 115.63 336.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 311.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 311.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.41 311.75 Td (table ) Tj ET Q
q 0 0 0 rg BT 135.44 311.75 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 168.96 311.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 184.41 311.75 Td (components ) Tj ET Q
q 0 0 0 rg BT 237.78 311.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 249.15 311.75 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 273.35 311.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 300.47 311.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 311.85 311.75 Td (of:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 286.25 m
362.5 286.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 286.25 m
462.5 286.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 286.25 m
562.5 286.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 244.25 m
362.5 244.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 244.25 m
462.5 244.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 244.25 m
562.5 244.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 216.25 m
362.5 216.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 216.25 m
462.5 216.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 216.25 m
562.5 216.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 202.25 m
362.5 202.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 216.25 m
462.5 216.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 202.25 m
462.5 202.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 202.25 m
562.5 202.25 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 379.20 291.04 Td (Mar) Tj ET Q
q 0 0 0 rg BT 398.83 291.04 Td (ch 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.60 291.02 Td (March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 276.47 Td (Software) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 369.00 276.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 276.64 Td (279,038) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.00 276.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 276.47 Td (269,944) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 262.47 Td (Leasehold improvements) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 262.64 Td (210,419) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 262.47 Td (212,742) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 248.47 Td (Equipment) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 248.64 Td (162,372) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 248.47 Td (159,421) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 71.00 234.47 Td (T) Tj ET Q
q 0 0 0 rg BT 76.68 234.47 Td (otal cost) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 234.64 Td (651,829) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 234.47 Td (642,107) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 220.47 Td (Less: accumulated depreciation and amortization) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.85 220.64 Td (\(517,406) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 458.50 220.64 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.85 220.47 Td (\(492,1) Tj ET Q
q 0 0 0 rg BT 547.97 220.47 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.50 220.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 206.47 Td (Fixed assets, net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 369.00 206.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 206.64 Td (134,423) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.00 206.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 206.47 Td (149,989) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 177.55 Td (Depreciation ) Tj ET Q
q 0 0 0 rg BT 106.23 177.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.40 177.55 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 178.47 177.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 214.30 177.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 244.87 177.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 255.04 177.55 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 278.63 177.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 305.13 177.55 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.47 177.55 Td ($44,839) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.59 177.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 362.23 177.55 Td ($48,391) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 396.35 177.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 400.98 177.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.15 177.55 Td ($48,382) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.28 177.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 454.28 177.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 468.53 177.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 483.37 177.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 507.53 177.55 Td (ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.61 177.55 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 164.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 65.75 164.95 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 86.75 164.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 92.00 164.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 118.25 164.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 136.04 164.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 162.29 164.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 212.33 164.95 Td (.) Tj ET Q
endstream
endobj
225 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 226 0 R>>
endobj
226 0 obj
<</Length 32776>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.30 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.16 31.25 Td (10) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (5) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 55.25 741.90 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.50 741.90 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 108.64 741.90 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 139.27 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 158.82 741.90 Td (Goodwill) Tj ET Q
BT /F2 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 716.70 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.41 716.70 Td (table ) Tj ET Q
q 0 0 0 rg BT 135.44 716.70 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 168.96 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 184.41 716.70 Td (components ) Tj ET Q
q 0 0 0 rg BT 237.78 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 249.15 716.70 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 293.77 716.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 320.89 716.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 332.26 716.70 Td (of:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 691.2 m
362.5 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 691.2 m
462.5 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 691.2 m
562.5 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 646.2 m
362.5 646.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 646.2 m
462.5 646.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 631.2 m
362.5 631.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 646.2 m
462.5 646.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 631.2 m
462.5 631.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 646.2 m
562.5 646.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 631.2 m
562.5 631.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 541.2 m
362.5 541.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 541.2 m
462.5 541.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 526.2 m
362.5 526.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 541.2 m
462.5 541.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 526.2 m
462.5 526.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 541.2 m
562.5 541.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 526.2 m
562.5 526.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 511.2 m
362.5 511.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 526.2 m
462.5 526.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.5 511.2 m
462.5 511.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
466.5 511.2 m
562.5 511.2 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 695.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 379.20 695.99 Td (Mar) Tj ET Q
q 0 0 0 rg BT 398.83 695.99 Td (ch 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.60 695.97 Td (March 31, 2019) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 53.00 680.99 Td (Amortizable intangible asset management contracts and other) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 459.00 680.99 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.00 680.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 665.97 Td (Cost) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 369.00 665.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 665.99 Td (369,193) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.00 665.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 665.97 Td (366,930) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 650.97 Td (Accumulated amortization) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.85 650.99 Td (\(259,982) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 458.50 650.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.85 650.97 Td (\(240,488) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.50 650.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 71.00 635.97 Td (Net) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 86.16 640.73 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 635.99 Td (109,21) Tj ET Q
q 0 0 0 rg BT 453.23 635.99 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 635.97 Td (126,442) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 53.00 620.99 Td (Indefinite�life intangible assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 605.97 Td (U.S. domestic mutual fund management contracts) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 416.50 605.99 Td (2,106,351) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.50 605.97 Td (2,106,351) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 590.97 Td (Clarion Partners fund management contracts) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 590.99 Td (505,200) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 590.97 Td (505,200) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 575.97 Td (EnT) Tj ET Q
q 0 0 0 rg BT 76.89 575.97 Td (rust Global fund management contracts) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 575.99 Td (126,804) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 575.97 Td (126,804) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 560.97 Td (Other fund management contracts) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.35 560.99 Td (460,033) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 560.97 Td (473,360) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.00 545.97 Td (T) Tj ET Q
q 0 0 0 rg BT 65.04 545.97 Td (rade names) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 429.60 545.99 Td (48,091) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 545.97 Td (48,602) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 530.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 416.50 530.99 Td (3,246,479) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.50 530.97 Td (3,260,317) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 515.97 Td (Intangible assets, net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 369.00 515.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 416.50 515.99 Td (3,355,690) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.00 515.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.50 515.97 Td (3,386,759) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 50.00 502.10 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 61.33 502.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 62.89 502.10 Td (As ) Tj ET Q
q 0 0 0 rg BT 73.78 502.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 82.44 502.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 105.32 502.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 117.32 502.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 137.32 502.10 Td (includes ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 165.98 502.10 Td ($5,019) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 187.98 502.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 189.98 502.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 213.74 502.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 221.96 502.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 233.74 502.10 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 270.84 502.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 279.51 502.10 Td (Gramercy ) Tj ET Q
q 0 0 0 rg BT 313.49 502.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 323.49 502.10 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 349.48 502.10 Td (Partners. ) Tj ET Q
q 0 0 0 rg BT 379.70 502.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 381.70 502.10 Td (See ) Tj ET Q
q 0 0 0 rg BT 395.25 502.10 Td (Note ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 412.80 502.10 Td (2) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 416.80 502.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 418.80 502.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 430.13 502.10 Td (additional ) Tj ET Q
q 0 0 0 rg BT 464.12 502.10 Td (information.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 476.90 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 83.56 476.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.95 476.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 119.18 476.90 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 156.39 476.90 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 201.03 476.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 228.18 476.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 243.64 476.90 Td (denominated ) Tj ET Q
q 0 0 0 rg BT 300.53 476.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 311.34 476.90 Td (currencies ) Tj ET Q
q 0 0 0 rg BT 357.13 476.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 381.36 476.90 Td (than ) Tj ET Q
q 0 0 0 rg BT 402.08 476.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.56 476.90 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 438.88 476.90 Td (dollar ) Tj ET Q
q 0 0 0 rg BT 466.03 476.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 483.84 476.90 Td (balances ) Tj ET Q
q 0 0 0 rg BT 522.63 476.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 553.84 476.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 464.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 74.20 464.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 101.32 464.30 Td (will ) Tj ET Q
q 0 0 0 rg BT 120.28 464.30 Td (fluctuate ) Tj ET Q
q 0 0 0 rg BT 159.64 464.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 180.93 464.30 Td (changes ) Tj ET Q
q 0 0 0 rg BT 217.38 464.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 228.17 464.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 243.62 464.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 274.81 464.30 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 307.76 464.30 Td (currency ) Tj ET Q
q 0 0 0 rg BT 347.11 464.30 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 389.37 464.30 Td (rates.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 439.10 Td (Indefinite-life ) Tj ET Q
q 0 0 0 rg BT 112.70 439.10 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 159.86 439.10 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 189.33 439.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 208.30 439.10 Td (Goodwill) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 247.38 439.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.94 426.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 106.90 426.50 Td (performed ) Tj ET Q
q 0 0 0 rg BT 154.00 426.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 167.29 426.50 Td (annual ) Tj ET Q
q 0 0 0 rg BT 198.65 426.50 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 250.42 426.50 Td (testing ) Tj ET Q
q 0 0 0 rg BT 281.79 426.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 293.91 426.50 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 334.61 426.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 353.14 426.50 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 414.24 426.50 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 459.60 426.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 487.47 426.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 499.58 426.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 511.70 426.50 Td (October ) Tj ET Q
q 0 0 0 rg BT 548.89 426.50 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 413.90 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 76.25 413.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 94.04 413.90 Td (determined ) Tj ET Q
q 0 0 0 rg BT 143.89 413.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 162.26 413.90 Td (there ) Tj ET Q
q 0 0 0 rg BT 185.87 413.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 204.83 413.90 Td (no ) Tj ET Q
q 0 0 0 rg BT 217.95 413.90 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 268.98 413.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 279.78 413.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 295.23 413.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 320.59 413.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 331.96 413.90 Td (these ) Tj ET Q
q 0 0 0 rg BT 356.16 413.90 Td (assets. ) Tj ET Q
q 0 0 0 rg BT 385.91 413.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 388.70 Td (Given ) Tj ET Q
q 0 0 0 rg BT 79.25 388.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 95.67 388.70 Td (level ) Tj ET Q
q 0 0 0 rg BT 119.66 388.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.00 388.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 164.74 388.70 Td (disruption ) Tj ET Q
q 0 0 0 rg BT 210.91 388.70 Td (associated ) Tj ET Q
q 0 0 0 rg BT 257.65 388.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 279.91 388.70 Td (COVID-19, ) Tj ET Q
q 0 0 0 rg BT 333.37 388.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 358.53 388.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 390.71 388.70 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 429.87 388.70 Td (whether ) Tj ET Q
q 0 0 0 rg BT 467.28 388.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 475.53 388.70 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 520.52 388.70 Td (event ) Tj ET Q
q 0 0 0 rg BT 546.85 388.70 Td (had ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.10 Td (occurred ) Tj ET Q
q 0 0 0 rg BT 89.19 376.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 103.89 376.10 Td (each ) Tj ET Q
q 0 0 0 rg BT 125.59 376.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 136.80 376.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 149.18 376.10 Td (identifiable ) Tj ET Q
q 0 0 0 rg BT 199.46 376.10 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 259.65 376.10 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 304.10 376.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 331.06 376.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 348.68 376.10 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 388.48 376.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 399.69 376.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 410.90 376.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 440.77 376.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 456.35 376.10 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 482.44 376.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 484.90 376.10 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 518.27 376.10 Td (indefinite-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 363.50 Td (life ) Tj ET Q
q 0 0 0 rg BT 67.05 363.50 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 112.09 363.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 139.64 363.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 163.10 363.50 Td (determined ) Tj ET Q
q 0 0 0 rg BT 213.38 363.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 224.60 363.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 247.47 363.50 Td (had ) Tj ET Q
q 0 0 0 rg BT 265.69 363.50 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 310.15 363.50 Td (events ) Tj ET Q
q 0 0 0 rg BT 340.03 363.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 358.24 363.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 369.46 363.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 377.17 363.50 Td (combination ) Tj ET Q
q 0 0 0 rg BT 432.72 363.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 444.52 363.50 Td (significant ) Tj ET Q
q 0 0 0 rg BT 491.90 363.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 524.10 363.50 Td (volatility ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 350.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.62 350.90 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 117.31 350.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.92 350.90 Td (limited ) Tj ET Q
q 0 0 0 rg BT 167.13 350.90 Td (excess ) Tj ET Q
q 0 0 0 rg BT 196.99 350.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 214.02 350.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 239.21 350.90 Td (over ) Tj ET Q
q 0 0 0 rg BT 260.33 350.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.61 350.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 306.63 350.90 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 344.07 350.90 Td (values ) Tj ET Q
q 0 0 0 rg BT 373.36 350.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 384.56 350.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.76 350.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 412.22 350.90 Td (most ) Tj ET Q
q 0 0 0 rg BT 435.10 350.90 Td (recent ) Tj ET Q
q 0 0 0 rg BT 463.20 350.90 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 515.22 350.90 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 553.25 350.90 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 338.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.43 338.30 Td (October ) Tj ET Q
q 0 0 0 rg BT 97.94 338.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 113.75 338.30 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 140.07 338.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 142.75 338.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 167.02 338.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 198.29 338.30 Td (updated ) Tj ET Q
q 0 0 0 rg BT 234.22 338.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 249.73 338.30 Td (quantitative ) Tj ET Q
q 0 0 0 rg BT 301.99 338.30 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 340.25 338.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 355.18 338.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 379.44 338.30 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 439.86 338.30 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 484.54 338.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 511.72 338.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 523.16 338.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 534.59 338.30 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 325.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 65.75 325.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 89.38 325.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 107.16 325.70 Td (determined ) Tj ET Q
q 0 0 0 rg BT 157.02 325.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 175.39 325.70 Td (there ) Tj ET Q
q 0 0 0 rg BT 199.00 325.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 217.95 325.70 Td (no ) Tj ET Q
q 0 0 0 rg BT 231.08 325.70 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 282.11 325.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 292.90 325.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 308.35 325.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 333.72 325.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 345.09 325.70 Td (these ) Tj ET Q
q 0 0 0 rg BT 369.29 325.70 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 399.04 325.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 410.41 325.70 Td (further ) Tj ET Q
q 0 0 0 rg BT 441.60 325.70 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 484.48 325.70 Td (below) Tj ET Q
q 0 0 0 rg BT 509.45 325.70 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 300.50 Td (As ) Tj ET Q
q 0 0 0 rg BT 65.93 300.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 74.84 300.50 Td (result ) Tj ET Q
q 0 0 0 rg BT 102.43 300.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 115.43 300.50 Td (heightened ) Tj ET Q
q 0 0 0 rg BT 165.76 300.50 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 217.24 300.50 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 261.73 300.50 Td (future ) Tj ET Q
q 0 0 0 rg BT 291.06 300.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 324.47 300.50 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 372.48 300.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 391.89 300.50 Td (economic ) Tj ET Q
q 0 0 0 rg BT 436.97 300.50 Td (results, ) Tj ET Q
q 0 0 0 rg BT 471.27 300.50 Td (particularly ) Tj ET Q
q 0 0 0 rg BT 523.92 300.50 Td (amid ) Tj ET Q
q 0 0 0 rg BT 549.17 300.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 287.90 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 100.00 287.90 Td (pandemic, ) Tj ET Q
q 0 0 0 rg BT 146.19 287.90 Td (assessing ) Tj ET Q
q 0 0 0 rg BT 188.03 287.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.61 287.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 220.93 287.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 246.42 287.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.92 287.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 273.50 287.90 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 314.74 287.90 Td (unit ) Tj ET Q
q 0 0 0 rg BT 333.83 287.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 351.74 287.90 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 396.48 287.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 423.73 287.90 Td (requires ) Tj ET Q
q 0 0 0 rg BT 460.30 287.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 516.70 287.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 527.62 287.90 Td (exercise ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 275.30 Td (significant ) Tj ET Q
q 0 0 0 rg BT 96.95 275.30 Td (judgment. ) Tj ET Q
q 0 0 0 rg BT 141.86 275.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 250.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.52 250.10 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 110.03 250.10 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 149.31 250.10 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 199.66 250.10 Td (testing ) Tj ET Q
q 0 0 0 rg BT 229.61 250.10 Td (noted ) Tj ET Q
q 0 0 0 rg BT 254.88 250.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 269.65 250.10 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 307.18 250.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 323.69 250.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 348.38 250.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 359.07 250.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 373.85 250.10 Td (Global ) Tj ET Q
q 0 0 0 rg BT 403.94 250.10 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 429.22 250.10 Td (Management ) Tj ET Q
q 0 0 0 rg BT 485.98 250.10 Td (business ) Tj ET Q
q 0 0 0 rg BT 523.51 250.10 Td (reporting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 237.50 Td (unit ) Tj ET Q
q 0 0 0 rg BT 68.10 237.50 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 108.92 237.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 120.60 237.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 150.93 237.50 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 187.67 237.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 212.18 237.50 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 224.44 237.50 Td (22%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 243.69 237.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 248.07 237.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 249.84 237.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 273.18 237.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 303.52 237.50 Td (determined ) Tj ET Q
q 0 0 0 rg BT 352.52 237.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 358.94 237.50 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 402.11 237.50 Td (event ) Tj ET Q
q 0 0 0 rg BT 426.62 237.50 Td (had ) Tj ET Q
q 0 0 0 rg BT 443.54 237.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 458.72 237.50 Td (occurred ) Tj ET Q
q 0 0 0 rg BT 497.21 237.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 511.22 237.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 522.90 237.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 524.67 237.50 Td (goodwill ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 224.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 62.38 224.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 74.75 224.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 105.78 224.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.54 224.90 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 149.53 224.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 169.48 224.90 Td (Company ) Tj ET Q
q 0 0 0 rg BT 213.94 224.90 Td (notes ) Tj ET Q
q 0 0 0 rg BT 239.73 224.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 259.11 224.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.56 224.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 301.35 224.90 Td (price ) Tj ET Q
q 0 0 0 rg BT 325.96 224.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 344.75 224.90 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 386.87 224.90 Td (unit ) Tj ET Q
q 0 0 0 rg BT 406.83 224.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 425.03 224.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 451.40 224.90 Td (has ) Tj ET Q
q 0 0 0 rg BT 469.02 224.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 486.07 224.90 Td (been ) Tj ET Q
q 0 0 0 rg BT 509.52 224.90 Td (significantly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 212.30 Td (impacted ) Tj ET Q
q 0 0 0 rg BT 91.54 212.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 105.09 212.30 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 155.39 212.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 167.18 212.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 174.90 212.30 Td (result ) Tj ET Q
q 0 0 0 rg BT 201.28 212.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 213.08 212.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 228.96 212.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 246.26 212.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 262.04 212.30 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 311.74 212.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 333.46 212.30 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 371.88 212.30 Td (T) Tj ET Q
q 0 0 0 rg BT 377.56 212.30 Td (empleton. ) Tj ET Q
q 0 0 0 rg BT 422.31 212.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 424.69 212.30 Td (As ) Tj ET Q
q 0 0 0 rg BT 439.41 212.30 Td (previously ) Tj ET Q
q 0 0 0 rg BT 486.79 212.30 Td (discussed, ) Tj ET Q
q 0 0 0 rg BT 532.71 212.30 Td (per ) Tj ET Q
q 0 0 0 rg BT 549.17 212.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 199.70 Td (terms ) Tj ET Q
q 0 0 0 rg BT 75.43 199.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 86.28 199.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 101.21 199.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 118.52 199.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 133.56 199.70 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 184.94 199.70 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 222.47 199.70 Td (T) Tj ET Q
q 0 0 0 rg BT 228.15 199.70 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 269.33 199.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 287.77 199.70 Td (acquire ) Tj ET Q
q 0 0 0 rg BT 320.77 199.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 333.37 199.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.22 199.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 367.90 199.70 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 404.56 199.70 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 455.67 199.70 Td (common ) Tj ET Q
q 0 0 0 rg BT 494.51 199.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 518.78 199.70 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.13 199.70 Td ($50.00) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 187.10 Td (per ) Tj ET Q
q 0 0 0 rg BT 64.93 187.10 Td (share ) Tj ET Q
q 0 0 0 rg BT 88.61 187.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 98.30 187.10 Td (cash, ) Tj ET Q
q 0 0 0 rg BT 121.10 187.10 Td (valuing ) Tj ET Q
q 0 0 0 rg BT 154.12 187.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 168.47 187.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 188.66 187.10 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 236.25 187.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 245.35 187.10 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 307.52 187.10 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 312.77 187.10 Td (4,500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.77 187.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 358.92 187.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 386.10 187.10 Td (approximates ) Tj ET Q
q 0 0 0 rg BT 444.19 187.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 458.55 187.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 474.64 187.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 498.90 187.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 509.17 187.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 523.52 187.10 Td (reporting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 174.50 Td (unit ) Tj ET Q
q 0 0 0 rg BT 69.54 174.50 Td (determined ) Tj ET Q
q 0 0 0 rg BT 119.98 174.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 131.35 174.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.39 174.50 Td (most ) Tj ET Q
q 0 0 0 rg BT 171.02 174.50 Td (recent ) Tj ET Q
q 0 0 0 rg BT 199.87 174.50 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 251.48 174.50 Td (test, ) Tj ET Q
q 0 0 0 rg BT 271.90 174.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 290.27 174.50 Td (has ) Tj ET Q
q 0 0 0 rg BT 307.47 174.50 Td (been ) Tj ET Q
q 0 0 0 rg BT 330.50 174.50 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 370.43 174.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 381.80 174.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.83 174.50 Td (trading ) Tj ET Q
q 0 0 0 rg BT 430.78 174.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 456.73 174.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 468.68 174.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 493.47 174.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 525.26 174.50 Td (common ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 161.90 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 77.41 161.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 80.04 161.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 82.66 161.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 136.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.08 136.70 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 107.42 136.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 124.75 136.70 Td (values ) Tj ET Q
q 0 0 0 rg BT 154.33 136.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.84 136.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.42 136.70 Td (EnT) Tj ET Q
q 0 0 0 rg BT 199.13 136.70 Td (rust ) Tj ET Q
q 0 0 0 rg BT 217.64 136.70 Td (Global ) Tj ET Q
q 0 0 0 rg BT 248.98 136.70 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 309.46 136.70 Td (fund ) Tj ET Q
q 0 0 0 rg BT 331.47 136.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 387.87 136.70 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 428.53 136.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 446.45 136.70 Td (trade ) Tj ET Q
q 0 0 0 rg BT 470.19 136.70 Td (name ) Tj ET Q
q 0 0 0 rg BT 495.69 136.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 522.95 136.70 Td (exceeded ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 124.10 Td (their ) Tj ET Q
q 0 0 0 rg BT 72.56 124.10 Td (respective ) Tj ET Q
q 0 0 0 rg BT 118.44 124.10 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 156.74 124.10 Td (values ) Tj ET Q
q 0 0 0 rg BT 186.89 124.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 198.96 124.10 Td ($126,804) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 238.33 124.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 241.65 124.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 260.13 124.10 Td ($10,300) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.26 124.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 297.58 124.10 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 311.40 124.10 Td (10%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 330.64 124.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 333.96 124.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 352.44 124.10 Td (6%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.44 124.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 372.38 124.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 422.43 124.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 428.38 124.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 440.44 124.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 452.51 124.10 Td (October ) Tj ET Q
q 0 0 0 rg BT 489.65 124.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 506.09 124.10 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 533.04 124.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 536.36 124.10 Td (Given ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 111.50 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 91.25 111.50 Td (markets ) Tj ET Q
q 0 0 0 rg BT 126.67 111.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 144.02 111.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.03 111.50 Td (relatively ) Tj ET Q
q 0 0 0 rg BT 200.86 111.50 Td (limited ) Tj ET Q
q 0 0 0 rg BT 232.79 111.50 Td (excess ) Tj ET Q
q 0 0 0 rg BT 262.38 111.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 279.14 111.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 304.06 111.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 314.99 111.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 325.92 111.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.93 111.50 Td (most ) Tj ET Q
q 0 0 0 rg BT 363.54 111.50 Td (recent ) Tj ET Q
q 0 0 0 rg BT 391.37 111.50 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 441.96 111.50 Td (test, ) Tj ET Q
q 0 0 0 rg BT 461.35 111.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 476.36 111.50 Td (EnT) Tj ET Q
q 0 0 0 rg BT 494.07 111.50 Td (rust ) Tj ET Q
q 0 0 0 rg BT 512.01 111.50 Td (Global ) Tj ET Q
q 0 0 0 rg BT 542.77 111.50 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 98.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 106.50 98.90 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 147.26 98.90 Td (asset ) Tj ET Q
q 0 0 0 rg BT 170.53 98.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 189.72 98.90 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 225.23 98.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 236.25 98.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 258.93 98.90 Td (had ) Tj ET Q
q 0 0 0 rg BT 276.95 98.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 284.47 98.90 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 328.74 98.90 Td (event ) Tj ET Q
q 0 0 0 rg BT 354.33 98.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 365.94 98.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.54 98.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 407.81 98.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 423.79 98.90 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 450.27 98.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 453.13 98.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 477.56 98.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 509.01 98.90 Td (expanded ) Tj ET Q
q 0 0 0 rg BT 552.10 98.90 Td (its ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 86.30 Td (most ) Tj ET Q
q 0 0 0 rg BT 72.68 86.30 Td (recent ) Tj ET Q
q 0 0 0 rg BT 100.58 86.30 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 136.67 86.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.67 86.30 Td (this ) Tj ET Q
q 0 0 0 rg BT 165.10 86.30 Td (asset ) Tj ET Q
q 0 0 0 rg BT 187.77 86.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 198.19 86.30 Td (consider ) Tj ET Q
q 0 0 0 rg BT 236.02 86.30 Td (several ) Tj ET Q
q 0 0 0 rg BT 268.01 86.30 Td (dif) Tj ET Q
q 0 0 0 rg BT 279.49 86.30 Td (ferent ) Tj ET Q
q 0 0 0 rg BT 306.23 86.30 Td (outcomes ) Tj ET Q
q 0 0 0 rg BT 348.73 86.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 361.48 86.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 368.40 86.30 Td (probability-weighted ) Tj ET Q
q 0 0 0 rg BT 458.72 86.30 Td (basis, ) Tj ET Q
q 0 0 0 rg BT 484.61 86.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 505.53 86.30 Td (each ) Tj ET Q
q 0 0 0 rg BT 527.02 86.30 Td (scenario ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 73.70 Td (reflecting ) Tj ET Q
q 0 0 0 rg BT 91.92 73.70 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 126.85 73.70 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 161.78 73.70 Td (growth ) Tj ET Q
q 0 0 0 rg BT 193.22 73.70 Td (rates ) Tj ET Q
q 0 0 0 rg BT 214.74 73.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 231.60 73.70 Td (lower ) Tj ET Q
q 0 0 0 rg BT 257.20 73.70 Td (operating ) Tj ET Q
q 0 0 0 rg BT 298.55 73.70 Td (mar) Tj ET Q
q 0 0 0 rg BT 314.69 73.70 Td (gins, ) Tj ET Q
q 0 0 0 rg BT 336.51 73.70 Td (particularly ) Tj ET Q
q 0 0 0 rg BT 386.61 73.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 396.47 73.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 411.00 73.70 Td (near ) Tj ET Q
q 0 0 0 rg BT 430.76 73.70 Td (term. ) Tj ET Q
q 0 0 0 rg BT 454.33 73.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 456.02 73.70 Td (Based ) Tj ET Q
q 0 0 0 rg BT 483.38 73.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 495.58 73.70 Td (this ) Tj ET Q
q 0 0 0 rg BT 512.45 73.70 Td (probability-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 61.10 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 91.11 61.10 Td (analysis, ) Tj ET Q
q 0 0 0 rg BT 130.19 61.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.65 61.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 176.83 61.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 194.03 61.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 219.40 61.10 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 261.07 61.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 273.62 61.10 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 311.23 61.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 336.59 61.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 349.72 61.10 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 412.99 61.10 Td (1%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.99 61.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 429.61 61.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 440.98 61.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 452.35 61.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 482.38 61.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 498.13 61.10 Td (2020.) Tj ET Q
endstream
endobj
227 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 228 0 R>>
endobj
228 0 obj
<</Length 46691>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.50 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.36 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 308.22 31.25 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.94 741.75 Td (EnT) Tj ET Q
q 0 0 0 rg BT 86.65 741.75 Td (rust ) Tj ET Q
q 0 0 0 rg BT 105.01 741.75 Td (Global ) Tj ET Q
q 0 0 0 rg BT 136.20 741.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 159.80 741.75 Td (name ) Tj ET Q
q 0 0 0 rg BT 185.15 741.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 208.18 741.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 227.12 741.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 246.65 741.75 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 281.91 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 292.69 741.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 315.13 741.75 Td (had ) Tj ET Q
q 0 0 0 rg BT 332.90 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 340.18 741.75 Td (triggering ) Tj ET Q
q 0 0 0 rg BT 384.19 741.75 Td (event ) Tj ET Q
q 0 0 0 rg BT 409.55 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 427.32 741.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 446.26 741.75 Td (tested ) Tj ET Q
q 0 0 0 rg BT 473.37 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 488.23 741.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 539.25 741.75 Td (using ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 66.11 729.15 Td (relief ) Tj ET Q
q 0 0 0 rg BT 91.54 729.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 115.22 729.15 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 148.25 729.15 Td (approach ) Tj ET Q
q 0 0 0 rg BT 190.00 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 202.03 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 214.05 729.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 244.74 729.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 261.14 729.15 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 288.04 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 291.09 729.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 310.69 729.15 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 350.72 729.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 368.57 729.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 394.58 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 406.61 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 422.72 729.15 Td (EnT) Tj ET Q
q 0 0 0 rg BT 440.42 729.15 Td (rust ) Tj ET Q
q 0 0 0 rg BT 459.45 729.15 Td (Global ) Tj ET Q
q 0 0 0 rg BT 491.31 729.15 Td (trade ) Tj ET Q
q 0 0 0 rg BT 515.58 729.15 Td (name ) Tj ET Q
q 0 0 0 rg BT 541.59 729.15 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.55 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 91.68 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 107.13 716.55 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 144.74 716.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 170.10 716.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 183.23 716.55 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 246.50 716.55 Td (3%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 260.50 716.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 703.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.35 Td (Should ) Tj ET Q
q 0 0 0 rg BT 82.22 691.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 113.83 691.35 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 171.97 691.35 Td (flows, ) Tj ET Q
q 0 0 0 rg BT 200.39 691.35 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 229.68 691.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 260.16 691.35 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 287.13 691.35 Td (levels ) Tj ET Q
q 0 0 0 rg BT 314.08 691.35 Td (decrease ) Tj ET Q
q 0 0 0 rg BT 352.68 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 363.31 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 378.60 691.35 Td (near ) Tj ET Q
q 0 0 0 rg BT 399.13 691.35 Td (term, ) Tj ET Q
q 0 0 0 rg BT 423.46 691.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 434.67 691.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 458.71 691.35 Td (factors ) Tj ET Q
q 0 0 0 rg BT 489.74 691.35 Td (change, ) Tj ET Q
q 0 0 0 rg BT 524.56 691.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 546.27 691.35 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 71.30 678.75 Td (flow ) Tj ET Q
q 0 0 0 rg BT 93.19 678.75 Td (projections ) Tj ET Q
q 0 0 0 rg BT 142.49 678.75 Td (deviate ) Tj ET Q
q 0 0 0 rg BT 175.44 678.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 198.50 678.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 230.87 678.75 Td (projections, ) Tj ET Q
q 0 0 0 rg BT 282.79 678.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 291.27 678.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 300.92 678.75 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 349.04 678.75 Td (possible ) Tj ET Q
q 0 0 0 rg BT 386.10 678.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 404.49 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 421.13 678.75 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 481.49 678.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 526.13 678.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 553.27 678.75 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 666.15 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 89.96 666.15 Td (could ) Tj ET Q
q 0 0 0 rg BT 115.91 666.15 Td (become ) Tj ET Q
q 0 0 0 rg BT 151.19 666.15 Td (impaired, ) Tj ET Q
q 0 0 0 rg BT 193.76 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 211.54 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 227.00 666.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 278.03 666.15 Td (could ) Tj ET Q
q 0 0 0 rg BT 303.98 666.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 316.52 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 323.80 666.15 Td (material ) Tj ET Q
q 0 0 0 rg BT 360.83 666.15 Td (amount.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 640.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.33 640.95 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 111.65 640.95 Td (annual ) Tj ET Q
q 0 0 0 rg BT 142.39 640.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 193.55 640.95 Td (testing ) Tj ET Q
q 0 0 0 rg BT 224.31 640.95 Td (process ) Tj ET Q
q 0 0 0 rg BT 258.56 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 269.48 640.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 294.97 640.95 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 318.73 640.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 368.72 640.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 387.22 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.80 640.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 440.54 640.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 470.12 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 481.62 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 497.21 640.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 514.92 640.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 533.42 640.95 Td (Global ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.35 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 112.91 628.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 137.34 628.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 196.17 628.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 239.25 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 259.59 628.35 Td (trade ) Tj ET Q
q 0 0 0 rg BT 285.76 628.35 Td (name ) Tj ET Q
q 0 0 0 rg BT 313.68 628.35 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 345.99 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 366.33 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.34 628.35 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 417.53 628.35 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 479.85 628.35 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 542.76 628.35 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 615.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 106.46 615.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 147.17 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 165.15 615.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 188.95 615.75 Td (name ) Tj ET Q
q 0 0 0 rg BT 214.50 615.75 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 244.44 615.75 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 286.31 615.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 308.37 615.75 Td (respective ) Tj ET Q
q 0 0 0 rg BT 353.74 615.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 371.13 615.75 Td (values, ) Tj ET Q
q 0 0 0 rg BT 403.39 615.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 431.87 615.75 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 467.92 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 478.91 615.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 530.13 615.75 Td (char) Tj ET Q
q 0 0 0 rg BT 548.01 615.75 Td (ges ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.15 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.71 603.15 Td ($358,800) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 124.08 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 126.71 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 137.50 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.95 603.15 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 185.31 603.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 213.00 603.15 Td (December ) Tj ET Q
q 0 0 0 rg BT 258.77 603.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 274.52 603.15 Td (2018. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 577.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.37 577.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 120.82 577.95 Td (char) Tj ET Q
q 0 0 0 rg BT 138.69 577.95 Td (ges ) Tj ET Q
q 0 0 0 rg BT 155.73 577.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 166.36 577.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 184.06 577.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 202.86 577.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 234.48 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 245.69 577.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 271.47 577.95 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 295.52 577.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 318.96 577.95 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 361.08 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 376.95 577.95 Td (result ) Tj ET Q
q 0 0 0 rg BT 403.32 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 415.11 577.95 Td (continued ) Tj ET Q
q 0 0 0 rg BT 459.56 577.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 475.43 577.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 501.79 577.95 Td (outflows ) Tj ET Q
q 0 0 0 rg BT 541.59 577.95 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.35 Td (legacy ) Tj ET Q
q 0 0 0 rg BT 82.14 565.35 Td (high ) Tj ET Q
q 0 0 0 rg BT 105.55 565.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 123.12 565.35 Td (worth ) Tj ET Q
q 0 0 0 rg BT 152.36 565.35 Td (fund-of-fund ) Tj ET Q
q 0 0 0 rg BT 211.34 565.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 252.24 565.35 Td (leading ) Tj ET Q
q 0 0 0 rg BT 287.89 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 300.80 565.35 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 338.77 565.35 Td (growth ) Tj ET Q
q 0 0 0 rg BT 373.26 565.35 Td (expectations ) Tj ET Q
q 0 0 0 rg BT 430.49 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 443.40 565.35 Td (both ) Tj ET Q
q 0 0 0 rg BT 466.81 565.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 525.19 565.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 546.84 565.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 552.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.11 552.75 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 126.70 552.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 133.42 552.75 Td (declining ) Tj ET Q
q 0 0 0 rg BT 174.56 552.75 Td (mar) Tj ET Q
q 0 0 0 rg BT 190.69 552.75 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 208.80 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 226.02 552.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 232.74 552.75 Td (higher ) Tj ET Q
q 0 0 0 rg BT 261.63 552.75 Td (discount ) Tj ET Q
q 0 0 0 rg BT 299.27 552.75 Td (rate. ) Tj ET Q
q 0 0 0 rg BT 319.54 552.75 Td (These ) Tj ET Q
q 0 0 0 rg BT 346.67 552.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 382.55 552.75 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 417.85 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 428.08 552.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 434.80 552.75 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 476.52 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 487.33 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.21 552.75 Td (projected ) Tj ET Q
q 0 0 0 rg BT 543.34 552.75 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 75.96 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 93.75 540.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 117.95 540.15 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 149.45 540.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 156.17 540.15 Td (overall ) Tj ET Q
q 0 0 0 rg BT 187.95 540.15 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 237.24 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.61 540.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 265.81 540.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 291.18 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.55 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.00 540.15 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 347.76 540.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 369.63 540.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 388.00 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.46 540.15 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 441.07 540.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 470.52 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 481.89 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 497.35 540.15 Td (EnT) Tj ET Q
q 0 0 0 rg BT 515.06 540.15 Td (rust ) Tj ET Q
q 0 0 0 rg BT 533.44 540.15 Td (Global ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 527.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 71.94 527.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 128.28 527.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 168.87 527.55 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 213.55 527.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 236.65 527.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 248.09 527.55 Td ($401,404) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.47 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 290.16 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 308.01 527.55 Td (trade ) Tj ET Q
q 0 0 0 rg BT 331.69 527.55 Td (name ) Tj ET Q
q 0 0 0 rg BT 357.12 527.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 380.22 527.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.66 527.55 Td ($28,500) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.79 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 428.48 527.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 451.57 527.55 Td (impaired ) Tj ET Q
q 0 0 0 rg BT 491.58 527.55 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.78 527.55 Td ($274,600) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 544.15 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 546.84 527.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 514.95 Td ($18,200) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.13 514.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 89.45 514.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 139.50 514.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 144.83 514.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 202.34 514.95 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 245.28 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 260.81 514.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 278.09 514.95 Td (values ) Tj ET Q
q 0 0 0 rg BT 307.61 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 319.06 514.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 343.34 514.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 370.54 514.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 397.15 514.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 420.85 514.95 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 469.05 514.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 490.41 514.95 Td (flow ) Tj ET Q
q 0 0 0 rg BT 512.36 514.95 Td (analyses, ) Tj ET Q
q 0 0 0 rg BT 553.25 514.95 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.35 Td (well ) Tj ET Q
q 0 0 0 rg BT 72.35 502.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 85.36 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 94.29 502.35 Td (relief ) Tj ET Q
q 0 0 0 rg BT 120.70 502.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 145.38 502.35 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 179.39 502.35 Td (method ) Tj ET Q
q 0 0 0 rg BT 215.15 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 231.66 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 248.75 502.35 Td (trade ) Tj ET Q
q 0 0 0 rg BT 274.01 502.35 Td (name ) Tj ET Q
q 0 0 0 rg BT 301.01 502.35 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 328.32 502.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 355.34 502.35 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 415.58 502.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 449.00 502.35 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 481.57 502.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 511.50 502.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 528.58 502.35 Td (Level ) Tj ET Q
q 0 0 0 rg BT 556.75 502.35 Td (3 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 489.75 Td (measurements. ) Tj ET Q
q 0 0 0 rg BT 114.36 489.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 132.48 489.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 178.60 489.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 232.31 489.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 253.36 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 263.32 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 277.94 489.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 298.40 489.75 Td (flow ) Tj ET Q
q 0 0 0 rg BT 319.44 489.75 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 356.81 489.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 394.76 489.75 Td (projected ) Tj ET Q
q 0 0 0 rg BT 435.62 489.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 470.65 489.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 502.19 489.75 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 526.43 489.75 Td (discount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 477.15 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 75.83 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 94.38 477.15 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 127.51 477.15 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 153.34 477.15 Td (Base ) Tj ET Q
q 0 0 0 rg BT 177.13 477.15 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 217.83 477.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 249.78 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 261.34 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 277.55 477.15 Td (EnT) Tj ET Q
q 0 0 0 rg BT 295.26 477.15 Td (rust ) Tj ET Q
q 0 0 0 rg BT 314.39 477.15 Td (Global ) Tj ET Q
q 0 0 0 rg BT 346.36 477.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 368.99 477.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 426.02 477.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 467.30 477.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 491.09 477.15 Td (assumed ) Tj ET Q
q 0 0 0 rg BT 530.64 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 542.19 477.15 Td (have ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 464.55 Td (annual ) Tj ET Q
q 0 0 0 rg BT 81.18 464.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 114.12 464.55 Td (\(contraction\) ) Tj ET Q
q 0 0 0 rg BT 171.53 464.55 Td (rates ) Tj ET Q
q 0 0 0 rg BT 194.55 464.55 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 229.81 464.55 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 253.42 464.55 Td (\(19.4\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.53 464.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 290.72 464.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.08 464.55 Td (3.9%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.95 464.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 327.14 464.55 Td (\(average: ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 369.39 464.55 Td (3.0%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.26 464.55 Td (\), ) Tj ET Q
q 0 0 0 rg BT 400.57 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 418.92 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 434.94 464.55 Td (projected ) Tj ET Q
q 0 0 0 rg BT 477.20 464.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 499.05 464.55 Td (flows ) Tj ET Q
q 0 0 0 rg BT 525.57 464.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 549.18 464.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 451.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 67.71 451.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 86.80 451.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 118.73 451.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 141.32 451.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 198.31 451.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 239.56 451.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 263.30 451.95 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 312.14 451.95 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.06 451.95 Td (17%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.31 451.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 348.28 451.95 Td (Base ) Tj ET Q
q 0 0 0 rg BT 372.04 451.95 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 412.70 451.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 444.60 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 456.12 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.29 451.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 490.00 451.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 509.10 451.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 541.02 451.95 Td (trade ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 439.35 Td (name ) Tj ET Q
q 0 0 0 rg BT 75.34 439.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 98.34 439.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 121.34 439.35 Td (assumed ) Tj ET Q
q 0 0 0 rg BT 160.10 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 170.86 439.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 193.28 439.35 Td (annual ) Tj ET Q
q 0 0 0 rg BT 223.87 439.35 Td (growth ) Tj ET Q
q 0 0 0 rg BT 256.21 439.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 278.63 439.35 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 313.30 439.35 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.31 439.35 Td (0.0%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 358.18 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 360.78 439.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.54 439.35 Td (4.6%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 393.41 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 396.01 439.35 Td (\(average: ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.66 439.35 Td (3.9%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.53 439.35 Td (\), ) Tj ET Q
q 0 0 0 rg BT 468.25 439.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 475.51 439.35 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 507.84 439.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 526.18 439.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.52 439.35 Td (1.0%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.39 439.35 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.79 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 75.07 426.75 Td (discount ) Tj ET Q
q 0 0 0 rg BT 113.28 426.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 131.64 426.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 143.01 426.75 Td (16.5%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 170.13 426.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 401.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.15 401.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 120.39 401.55 Td (char) Tj ET Q
q 0 0 0 rg BT 138.27 401.55 Td (ges ) Tj ET Q
q 0 0 0 rg BT 155.10 401.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 165.50 401.55 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 196.34 401.55 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 256.30 401.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 267.30 401.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 292.87 401.55 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 316.70 401.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 339.93 401.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 381.84 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.49 401.55 Td (result ) Tj ET Q
q 0 0 0 rg BT 423.65 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 435.23 401.55 Td (lower ) Tj ET Q
q 0 0 0 rg BT 461.97 401.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 482.88 401.55 Td (expected ) Tj ET Q
q 0 0 0 rg BT 523.02 401.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 538.67 401.55 Td (client ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 388.95 Td (inflows ) Tj ET Q
q 0 0 0 rg BT 84.02 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.71 388.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 157.28 388.95 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 179.33 388.95 Td (leading ) Tj ET Q
q 0 0 0 rg BT 212.76 388.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 223.45 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 230.63 388.95 Td (lower ) Tj ET Q
q 0 0 0 rg BT 257.06 388.95 Td (mar) Tj ET Q
q 0 0 0 rg BT 273.20 388.95 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 291.76 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 309.45 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 316.63 388.95 Td (higher ) Tj ET Q
q 0 0 0 rg BT 345.98 388.95 Td (discount ) Tj ET Q
q 0 0 0 rg BT 384.08 388.95 Td (rate. ) Tj ET Q
q 0 0 0 rg BT 404.78 388.95 Td (These ) Tj ET Q
q 0 0 0 rg BT 432.38 388.95 Td (changes ) Tj ET Q
q 0 0 0 rg BT 468.72 388.95 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 504.48 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 515.17 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 522.35 388.95 Td (reduction ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.85 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 77.78 376.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 109.45 376.35 Td (projected ) Tj ET Q
q 0 0 0 rg BT 151.62 376.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 173.38 376.35 Td (flows ) Tj ET Q
q 0 0 0 rg BT 199.82 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 218.08 376.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 242.76 376.35 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 274.27 376.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 281.46 376.35 Td (overall ) Tj ET Q
q 0 0 0 rg BT 313.71 376.35 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 363.48 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.33 376.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 393.01 376.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 418.85 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 430.70 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.63 376.35 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 476.86 376.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 499.21 376.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 518.06 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.00 376.35 Td (RARE ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 363.75 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 110.20 363.75 Td (fund ) Tj ET Q
q 0 0 0 rg BT 132.51 363.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 189.22 363.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 230.19 363.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 253.66 363.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 291.71 363.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 317.51 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 329.32 363.75 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 393.04 363.75 Td ($120,800) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.41 363.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 435.47 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 453.70 363.75 Td (trade ) Tj ET Q
q 0 0 0 rg BT 477.75 363.75 Td (name ) Tj ET Q
q 0 0 0 rg BT 503.55 363.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 527.03 363.75 Td (carrying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 75.44 351.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 86.88 351.15 Td ($2,800) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 115.76 351.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 118.46 351.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 141.55 351.15 Td (impaired ) Tj ET Q
q 0 0 0 rg BT 181.57 351.15 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 194.77 351.15 Td ($65,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 228.90 351.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 231.59 351.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.45 351.15 Td ($1,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 278.33 351.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 283.65 351.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 333.70 351.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 339.02 351.15 Td (Management ) Tj ET Q
q 0 0 0 rg BT 396.53 351.15 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 439.47 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 455.00 351.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 472.27 351.15 Td (values ) Tj ET Q
q 0 0 0 rg BT 501.79 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 513.23 351.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 537.51 351.15 Td (assets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 338.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 75.45 338.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 98.00 338.55 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 145.04 338.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 165.24 338.55 Td (flow ) Tj ET Q
q 0 0 0 rg BT 186.03 338.55 Td (analyses, ) Tj ET Q
q 0 0 0 rg BT 225.78 338.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 236.07 338.55 Td (well ) Tj ET Q
q 0 0 0 rg BT 255.70 338.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 265.99 338.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 272.19 338.55 Td (relief ) Tj ET Q
q 0 0 0 rg BT 295.89 338.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 317.85 338.55 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 349.13 338.55 Td (method ) Tj ET Q
q 0 0 0 rg BT 382.18 338.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 395.97 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 410.34 338.55 Td (trade ) Tj ET Q
q 0 0 0 rg BT 432.87 338.55 Td (name ) Tj ET Q
q 0 0 0 rg BT 457.16 338.55 Td (asset, ) Tj ET Q
q 0 0 0 rg BT 481.74 338.55 Td (using ) Tj ET Q
q 0 0 0 rg BT 506.04 338.55 Td (unobservable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 325.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 83.03 325.95 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 115.21 325.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 144.75 325.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 161.45 325.95 Td (Level ) Tj ET Q
q 0 0 0 rg BT 189.23 325.95 Td (3 ) Tj ET Q
q 0 0 0 rg BT 198.36 325.95 Td (measurements. ) Tj ET Q
q 0 0 0 rg BT 264.65 325.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 284.85 325.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 333.06 325.95 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 388.86 325.95 Td (used ) Tj ET Q
q 0 0 0 rg BT 411.99 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 424.03 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.74 325.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 463.28 325.95 Td (flow ) Tj ET Q
q 0 0 0 rg BT 486.41 325.95 Td (analyses ) Tj ET Q
q 0 0 0 rg BT 525.86 325.95 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 313.35 Td (projected ) Tj ET Q
q 0 0 0 rg BT 92.22 313.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 128.60 313.35 Td (growth ) Tj ET Q
q 0 0 0 rg BT 161.50 313.35 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 187.10 313.35 Td (discount ) Tj ET Q
q 0 0 0 rg BT 225.84 313.35 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 251.44 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 269.76 313.35 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 302.65 313.35 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 328.25 313.35 Td (Base ) Tj ET Q
q 0 0 0 rg BT 351.82 313.35 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 392.29 313.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 424.01 313.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 435.33 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 451.31 313.35 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 482.47 313.35 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 542.76 313.35 Td (fund ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 300.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 107.11 300.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 148.48 300.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 172.34 300.75 Td (assumed ) Tj ET Q
q 0 0 0 rg BT 211.97 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 223.60 300.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 246.89 300.75 Td (annual ) Tj ET Q
q 0 0 0 rg BT 278.35 300.75 Td (growth ) Tj ET Q
q 0 0 0 rg BT 311.56 300.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 334.85 300.75 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 370.39 300.75 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.26 300.75 Td (4.4%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 416.13 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 419.60 300.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.23 300.75 Td (4.9%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.11 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 456.57 300.75 Td (\(average: ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 499.09 300.75 Td (4.8%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.96 300.75 Td (\), ) Tj ET Q
q 0 0 0 rg BT 530.55 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.18 300.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 288.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 91.79 288.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 113.17 288.15 Td (flows ) Tj ET Q
q 0 0 0 rg BT 139.22 288.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 162.36 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 177.91 288.15 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 208.63 288.15 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 268.49 288.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 290.46 288.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 346.83 288.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 387.45 288.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 410.58 288.15 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 458.79 288.15 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.09 288.15 Td (16.5%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 496.21 288.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 501.56 288.15 Td (Base ) Tj ET Q
q 0 0 0 rg BT 524.69 288.15 Td (revenues ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 275.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 81.02 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 91.64 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.93 275.55 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 137.39 275.55 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 196.98 275.55 Td (trade ) Tj ET Q
q 0 0 0 rg BT 220.42 275.55 Td (name ) Tj ET Q
q 0 0 0 rg BT 245.62 275.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 268.48 275.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 291.34 275.55 Td (assumed ) Tj ET Q
q 0 0 0 rg BT 329.96 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 340.58 275.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 362.86 275.55 Td (annual ) Tj ET Q
q 0 0 0 rg BT 393.30 275.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 425.51 275.55 Td (rates ) Tj ET Q
q 0 0 0 rg BT 447.78 275.55 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 482.32 275.55 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.18 275.55 Td (0.9%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.05 275.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 529.51 275.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 540.13 275.55 Td (4.6%) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 262.95 Td (\(average: ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 91.68 262.95 Td (4.2%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 113.55 262.95 Td (\), ) Tj ET Q
q 0 0 0 rg BT 122.30 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 129.58 262.95 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 161.95 262.95 Td (rate ) Tj ET Q
q 0 0 0 rg BT 180.31 262.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 191.68 262.95 Td (1.0%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.55 262.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 218.80 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 236.59 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 243.87 262.95 Td (discount ) Tj ET Q
q 0 0 0 rg BT 282.08 262.95 Td (rate ) Tj ET Q
q 0 0 0 rg BT 300.44 262.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 311.81 262.95 Td (16.5%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 338.93 262.95 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 237.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.57 237.75 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 112.13 237.75 Td (annual ) Tj ET Q
q 0 0 0 rg BT 143.12 237.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 194.52 237.75 Td (testing ) Tj ET Q
q 0 0 0 rg BT 225.51 237.75 Td (process ) Tj ET Q
q 0 0 0 rg BT 260.00 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 271.16 237.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 296.90 237.75 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 320.90 237.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 371.12 237.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 389.87 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 405.69 237.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 443.67 237.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 469.41 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 481.15 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.97 237.75 Td (EnT) Tj ET Q
q 0 0 0 rg BT 514.68 237.75 Td (rust ) Tj ET Q
q 0 0 0 rg BT 533.43 237.75 Td (Global ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 225.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 111.60 225.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 134.71 225.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 192.23 225.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 234.00 225.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 279.86 225.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 304.14 225.15 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 347.06 225.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 360.85 225.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 379.29 225.15 Td (value, ) Tj ET Q
q 0 0 0 rg BT 408.53 225.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 438.06 225.15 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 475.17 225.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 487.20 225.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 500.98 225.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 553.26 225.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 212.55 Td ($195,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 89.38 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 92.08 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 102.95 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.49 212.55 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 150.92 212.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 178.70 212.55 Td (December ) Tj ET Q
q 0 0 0 rg BT 224.55 212.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 240.38 212.55 Td (2017. ) Tj ET Q
q 0 0 0 rg BT 266.71 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 269.22 212.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 288.25 212.55 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 339.36 212.55 Td (char) Tj ET Q
q 0 0 0 rg BT 357.24 212.55 Td (ge ) Tj ET Q
q 0 0 0 rg BT 369.85 212.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 388.89 212.55 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 430.67 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.20 212.55 Td (result ) Tj ET Q
q 0 0 0 rg BT 472.24 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 483.69 212.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 499.22 212.55 Td (client ) Tj ET Q
q 0 0 0 rg BT 525.25 212.55 Td (outflows ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 199.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 73.45 199.95 Td (legacy ) Tj ET Q
q 0 0 0 rg BT 103.89 199.95 Td (high ) Tj ET Q
q 0 0 0 rg BT 125.60 199.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 141.47 199.95 Td (worth ) Tj ET Q
q 0 0 0 rg BT 169.01 199.95 Td (fund-of-fund ) Tj ET Q
q 0 0 0 rg BT 226.28 199.95 Td (products, ) Tj ET Q
q 0 0 0 rg BT 268.11 199.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 310.82 199.95 Td (transfers ) Tj ET Q
q 0 0 0 rg BT 350.01 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.80 199.95 Td (client ) Tj ET Q
q 0 0 0 rg BT 388.16 199.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 414.54 199.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 437.99 199.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 460.28 199.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 499.48 199.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 518.86 199.95 Td (traditional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 187.35 Td (separate ) Tj ET Q
q 0 0 0 rg BT 87.23 187.35 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 126.79 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 144.79 187.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 169.19 187.35 Td (direct ) Tj ET Q
q 0 0 0 rg BT 195.93 187.35 Td (of) Tj ET Q
q 0 0 0 rg BT 204.49 187.35 Td (ferings, ) Tj ET Q
q 0 0 0 rg BT 239.10 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.10 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.76 187.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 304.15 187.35 Td (decline ) Tj ET Q
q 0 0 0 rg BT 337.30 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 348.30 187.35 Td (revenues. ) Tj ET Q
q 0 0 0 rg BT 391.07 187.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 393.91 187.35 Td (Management ) Tj ET Q
q 0 0 0 rg BT 451.55 187.35 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 494.62 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 510.28 187.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 527.69 187.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 553.26 187.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 174.75 Td (this ) Tj ET Q
q 0 0 0 rg BT 66.60 174.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 88.43 174.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 113.76 174.75 Td (upon ) Tj ET Q
q 0 0 0 rg BT 136.19 174.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 142.27 174.75 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 189.19 174.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 209.27 174.75 Td (flow ) Tj ET Q
q 0 0 0 rg BT 229.94 174.75 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 265.19 174.75 Td (using ) Tj ET Q
q 0 0 0 rg BT 289.37 174.75 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 346.78 174.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 377.35 174.75 Td (data ) Tj ET Q
q 0 0 0 rg BT 396.27 174.75 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 425.99 174.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 453.07 174.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 467.31 174.75 Td (Level ) Tj ET Q
q 0 0 0 rg BT 492.64 174.75 Td (3 ) Tj ET Q
q 0 0 0 rg BT 499.31 174.75 Td (measurements. ) Tj ET Q
q 0 0 0 rg BT 564.63 174.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 162.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.32 162.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 114.63 162.15 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 168.54 162.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 189.78 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 199.94 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 214.76 162.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 235.41 162.15 Td (flow ) Tj ET Q
q 0 0 0 rg BT 256.64 162.15 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 292.46 162.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 330.61 162.15 Td (projected ) Tj ET Q
q 0 0 0 rg BT 371.67 162.15 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 406.88 162.15 Td (growth ) Tj ET Q
q 0 0 0 rg BT 438.62 162.15 Td (rates ) Tj ET Q
q 0 0 0 rg BT 460.44 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 477.59 162.15 Td (discount ) Tj ET Q
q 0 0 0 rg BT 515.16 162.15 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 539.60 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 541.59 162.15 Td (Base ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 149.55 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 89.50 149.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 120.25 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 130.60 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.61 149.55 Td (EnT) Tj ET Q
q 0 0 0 rg BT 163.32 149.55 Td (rust ) Tj ET Q
q 0 0 0 rg BT 181.25 149.55 Td (Global ) Tj ET Q
q 0 0 0 rg BT 212.02 149.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 233.45 149.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 273.53 149.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 296.12 149.55 Td (assumed ) Tj ET Q
q 0 0 0 rg BT 334.46 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 344.81 149.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 366.82 149.55 Td (annual ) Tj ET Q
q 0 0 0 rg BT 396.99 149.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 428.92 149.55 Td (\(contraction\) ) Tj ET Q
q 0 0 0 rg BT 485.33 149.55 Td (rates ) Tj ET Q
q 0 0 0 rg BT 507.34 149.55 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 541.60 149.55 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 136.95 Td (\(13\)%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.24 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 78.33 136.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 88.59 136.95 Td (6%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 102.59 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 104.68 136.95 Td (\(average: ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 145.82 136.95 Td (5%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 159.82 136.95 Td (\), ) Tj ET Q
q 0 0 0 rg BT 168.03 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 185.29 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.21 136.95 Td (projected ) Tj ET Q
q 0 0 0 rg BT 241.36 136.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 262.11 136.95 Td (flows ) Tj ET Q
q 0 0 0 rg BT 287.54 136.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 310.04 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.96 136.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 342.67 136.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 360.51 136.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 391.18 136.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 412.52 136.95 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 452.51 136.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 475.00 136.95 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 522.59 136.95 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 532.26 136.95 Td (15.0%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.38 136.95 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 111.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.56 111.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 72.11 111.75 Td (result ) Tj ET Q
q 0 0 0 rg BT 98.32 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.32 111.75 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 136.71 111.75 Td (losses ) Tj ET Q
q 0 0 0 rg BT 164.68 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 182.73 111.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 207.19 111.75 Td (factors ) Tj ET Q
q 0 0 0 rg BT 238.65 111.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 268.95 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 284.67 111.75 Td (three ) Tj ET Q
q 0 0 0 rg BT 308.54 111.75 Td (months ) Tj ET Q
q 0 0 0 rg BT 342.35 111.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 370.31 111.75 Td (June ) Tj ET Q
q 0 0 0 rg BT 392.44 111.75 Td (30, ) Tj ET Q
q 0 0 0 rg BT 408.46 111.75 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 434.97 111.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 459.43 111.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 490.90 111.75 Td (tested ) Tj ET Q
q 0 0 0 rg BT 518.28 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.00 111.75 Td (RARE ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 99.15 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 109.55 99.15 Td (trade ) Tj ET Q
q 0 0 0 rg BT 132.95 99.15 Td (name ) Tj ET Q
q 0 0 0 rg BT 158.10 99.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 218.24 99.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 262.64 99.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 285.46 99.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 300.12 99.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 350.94 99.15 Td (during ) Tj ET Q
q 0 0 0 rg BT 380.76 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 396.00 99.15 Td (three ) Tj ET Q
q 0 0 0 rg BT 419.40 99.15 Td (months ) Tj ET Q
q 0 0 0 rg BT 452.73 99.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 480.22 99.15 Td (June ) Tj ET Q
q 0 0 0 rg BT 501.88 99.15 Td (30, ) Tj ET Q
q 0 0 0 rg BT 517.41 99.15 Td (2017. ) Tj ET Q
q 0 0 0 rg BT 543.45 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 545.69 99.15 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 86.55 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 88.14 86.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 114.03 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.93 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.91 86.55 Td (trade ) Tj ET Q
q 0 0 0 rg BT 166.05 86.55 Td (name ) Tj ET Q
q 0 0 0 rg BT 191.94 86.55 Td (exceeded ) Tj ET Q
q 0 0 0 rg BT 234.15 86.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 247.22 86.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 264.95 86.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 290.84 86.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.74 86.55 Td ($3,057) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.61 86.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 334.77 86.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 346.67 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 358.57 86.55 Td (June ) Tj ET Q
q 0 0 0 rg BT 380.97 86.55 Td (30, ) Tj ET Q
q 0 0 0 rg BT 397.24 86.55 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 424.02 86.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 452.84 86.55 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 489.23 86.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 500.55 86.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 513.61 86.55 Td (impairment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 73.95 Td (char) Tj ET Q
q 0 0 0 rg BT 67.88 73.95 Td (ge ) Tj ET Q
q 0 0 0 rg BT 80.47 73.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 91.89 73.95 Td ($2,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 120.77 73.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 126.07 73.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 128.75 73.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 186.24 73.95 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 229.16 73.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 244.67 73.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 261.92 73.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 287.33 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 298.76 73.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 314.27 73.95 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 344.95 73.95 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 404.76 73.95 Td (trade ) Tj ET Q
q 0 0 0 rg BT 428.43 73.95 Td (name ) Tj ET Q
q 0 0 0 rg BT 453.85 73.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 465.27 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 476.70 73.95 Td (June ) Tj ET Q
q 0 0 0 rg BT 498.62 73.95 Td (30, ) Tj ET Q
q 0 0 0 rg BT 514.43 73.95 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 538.10 73.95 Td (based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 61.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 73.71 61.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 81.07 61.35 Td (relief ) Tj ET Q
q 0 0 0 rg BT 105.93 61.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 129.04 61.35 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 161.49 61.35 Td (approach ) Tj ET Q
q 0 0 0 rg BT 202.67 61.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 220.54 61.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 227.91 61.35 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 276.11 61.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 297.47 61.35 Td (flow ) Tj ET Q
q 0 0 0 rg BT 319.42 61.35 Td (method ) Tj ET Q
q 0 0 0 rg BT 353.62 61.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 379.08 61.35 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 437.77 61.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 469.63 61.35 Td (data ) Tj ET Q
q 0 0 0 rg BT 489.82 61.35 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 520.82 61.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 549.19 61.35 Td (are ) Tj ET Q
endstream
endobj
229 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 230 0 R>>
endobj
230 0 obj
<</Length 26795>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.30 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.16 31.25 Td (12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (Level ) Tj ET Q
q 0 0 0 rg BT 75.64 741.75 Td (3 ) Tj ET Q
q 0 0 0 rg BT 82.63 741.75 Td (measurements. ) Tj ET Q
q 0 0 0 rg BT 147.06 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 148.67 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 166.73 741.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 212.80 741.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 266.46 741.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 287.44 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 297.35 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 311.91 741.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 332.31 741.75 Td (flow ) Tj ET Q
q 0 0 0 rg BT 353.29 741.75 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 388.86 741.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 426.76 741.75 Td (projected ) Tj ET Q
q 0 0 0 rg BT 467.56 741.75 Td (annual ) Tj ET Q
q 0 0 0 rg BT 497.29 741.75 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 532.25 741.75 Td (growth ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (rates ) Tj ET Q
q 0 0 0 rg BT 72.45 729.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.82 729.15 Td (5%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.81 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 100.44 729.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 111.23 729.15 Td (18%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 130.48 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 133.10 729.15 Td (\(average: ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 174.78 729.15 Td (8%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 188.78 729.15 Td (\), ) Tj ET Q
q 0 0 0 rg BT 197.53 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 204.81 729.15 Td (royalty ) Tj ET Q
q 0 0 0 rg BT 237.18 729.15 Td (rate ) Tj ET Q
q 0 0 0 rg BT 255.54 729.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 266.91 729.15 Td (1%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.91 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 286.16 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 303.94 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 311.23 729.15 Td (discount ) Tj ET Q
q 0 0 0 rg BT 349.44 729.15 Td (rate ) Tj ET Q
q 0 0 0 rg BT 367.80 729.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 379.17 729.15 Td (16.5%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.29 729.15 Td (.) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 704.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.05 704.55 Td (change ) Tj ET Q
q 0 0 0 rg BT 98.86 704.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 109.14 704.55 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 144.96 704.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 169.11 704.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 179.94 704.55 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 218.00 704.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 227.17 704.55 Td (summarized ) Tj ET Q
q 0 0 0 rg BT 278.54 704.55 Td (below:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
55 670.05 m
252 670.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
55 670.05 m
252 670.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
259 670.05 m
345 670.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 670.05 m
471 670.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
479 670.05 m
556 670.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
55 625.05 m
252 625.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
259 625.05 m
345 625.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 625.05 m
471 625.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
479 625.05 m
556 625.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
55 565.05 m
252 565.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
259 565.05 m
345 565.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 565.05 m
471 565.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
479 565.05 m
556 565.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
55 565.05 m
252 565.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
55 550.05 m
252 550.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
259 550.05 m
345 550.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 565.05 m
471 565.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
353 550.05 m
471 550.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
479 565.05 m
556 565.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
479 550.05 m
556 550.05 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 263.35 674.82 Td (Gross Book ) Tj ET Q
q 0 0 0 rg BT 315.76 674.82 Td (V) Tj ET Q
q 0 0 0 rg BT 322.67 674.82 Td (alue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.70 674.82 Td (Accumulated Impairment) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.55 674.82 Td (Net Book ) Tj ET Q
q 0 0 0 rg BT 526.53 674.82 Td (V) Tj ET Q
q 0 0 0 rg BT 532.94 674.82 Td (alue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 659.82 Td (Balance as of March 31, 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.50 659.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 299.00 659.82 Td (3,094,255) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.50 659.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.50 659.82 Td (\(1,161,900) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 659.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.50 659.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 510.00 659.82 Td (1,932,355) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 644.82 Td (Impact of excess tax basis amortization) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.60 644.82 Td (\(10,972) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.00 644.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 644.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.60 644.82 Td (\(10,972) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.00 644.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 629.82 Td (Changes in foreign exchange rates and other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.60 629.82 Td (\(37,829) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.00 629.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 629.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.60 629.82 Td (\(37,829) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.00 629.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 614.82 Td (Balance as of March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.50 614.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 299.00 614.82 Td (3,045,454) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.50 614.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.50 614.82 Td (\(1,161,900) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 614.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.50 614.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 510.00 614.82 Td (1,883,554) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 599.82 Td (Impact of excess tax basis amortization) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.60 599.82 Td (\(1) Tj ET Q
q 0 0 0 rg BT 317.35 599.82 Td (1,349) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.00 599.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 599.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.60 599.82 Td (\(1) Tj ET Q
q 0 0 0 rg BT 528.35 599.82 Td (1,349) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.00 599.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 584.82 Td (Changes in foreign exchange rates) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.60 584.82 Td (\(44,635) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.00 584.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 584.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.60 584.82 Td (\(44,635) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.00 584.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 569.82 Td (Business acquisition) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 143.54 574.58 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 312.10 569.82 Td (20,196) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 569.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.10 569.82 Td (20,196) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 554.82 Td (Balance as of March 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.50 554.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 299.00 554.82 Td (3,009,666) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.50 554.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.50 554.82 Td (\(1,161,900) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 554.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.50 554.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 510.00 554.82 Td (1,847,766) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 54.50 540.35 Td (\(1\)  See Note ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 98.93 540.35 Td (2) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 103.18 540.35 Td ( for additional information.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 515.15 Td (Amortizable ) Tj ET Q
q 0 0 0 rg BT 105.13 515.15 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 152.30 515.15 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 177.68 515.15 Td (Management ) Tj ET Q
q 0 0 0 rg BT 237.47 515.15 Td (Contracts ) Tj ET Q
q 0 0 0 rg BT 282.11 515.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 301.07 515.15 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 489.95 Td (There ) Tj ET Q
q 0 0 0 rg BT 77.11 489.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 100.13 489.95 Td (no ) Tj ET Q
q 0 0 0 rg BT 113.26 489.95 Td (impairments ) Tj ET Q
q 0 0 0 rg BT 168.37 489.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 179.17 489.95 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 231.35 489.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 287.62 489.95 Td (contract ) Tj ET Q
q 0 0 0 rg BT 324.06 489.95 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 368.68 489.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 395.80 489.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 425.84 489.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.29 489.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 461.98 489.95 Td (ended ) Tj ET Q
q 0 0 0 rg BT 489.68 489.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 519.71 489.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 535.46 489.95 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 464.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.24 464.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.56 464.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 105.54 464.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 121.24 464.75 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 142.24 464.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 147.44 464.75 Td (amortizable ) Tj ET Q
q 0 0 0 rg BT 199.57 464.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 244.14 464.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 267.12 464.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 323.34 464.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 363.81 464.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 381.55 464.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 405.70 464.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 421.09 464.75 Td (being ) Tj ET Q
q 0 0 0 rg BT 446.99 464.75 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 491.55 464.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 512.78 464.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 520.01 464.75 Td (weighted-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 452.15 Td (average ) Tj ET Q
q 0 0 0 rg BT 85.26 452.15 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 130.46 452.15 Td (life ) Tj ET Q
q 0 0 0 rg BT 147.08 452.15 Td (of ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 158.45 452.15 Td (5.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 170.95 452.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 173.57 452.15 Td (years.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.95 Td (Estimated ) Tj ET Q
q 0 0 0 rg BT 94.62 426.95 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 150.31 426.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 186.75 426.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 201.62 426.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 223.48 426.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.85 426.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.30 426.95 Td (next ) Tj ET Q
q 0 0 0 rg BT 271.00 426.95 Td (five ) Tj ET Q
q 0 0 0 rg BT 289.95 426.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 315.32 426.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 340.10 426.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 357.88 426.95 Td (thereafter ) Tj ET Q
q 0 0 0 rg BT 400.73 426.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 410.35 426.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 421.73 426.95 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 332.45 m
498.5 332.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 332.45 m
562.5 332.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 318.45 m
498.5 318.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 332.45 m
562.5 332.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 318.45 m
562.5 318.45 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 406.67 Td (2021) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.00 406.67 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 406.67 Td (21,752) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 392.67 Td (2022) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 392.67 Td (21,403) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 378.67 Td (2023) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 378.67 Td (20,643) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 364.67 Td (2024) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 364.67 Td (19,813) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 350.67 Td (2025) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 350.67 Td (12,038) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 336.67 Td (Thereafter) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 336.67 Td (13,562) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 322.67 Td (T) Tj ET Q
q 0 0 0 rg BT 58.68 322.67 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.00 322.67 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 322.67 Td (109,21) Tj ET Q
q 0 0 0 rg BT 553.23 322.67 Td (1) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 293.75 Td (During ) Tj ET Q
q 0 0 0 rg BT 81.90 293.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 96.88 293.75 Td (three ) Tj ET Q
q 0 0 0 rg BT 120.02 293.75 Td (months ) Tj ET Q
q 0 0 0 rg BT 153.09 293.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 180.31 293.75 Td (December ) Tj ET Q
q 0 0 0 rg BT 225.60 293.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 240.88 293.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 266.66 293.75 Td (projected ) Tj ET Q
q 0 0 0 rg BT 307.87 293.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 347.34 293.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 378.06 293.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 388.37 293.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.35 293.75 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 433.51 293.75 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 492.80 293.75 Td (separate ) Tj ET Q
q 0 0 0 rg BT 529.34 293.75 Td (account ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 281.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 89.44 281.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 111.39 281.15 Td (declined ) Tj ET Q
q 0 0 0 rg BT 148.50 281.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 165.20 281.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 174.91 281.15 Td (losses ) Tj ET Q
q 0 0 0 rg BT 201.54 281.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 211.82 281.15 Td (separate ) Tj ET Q
q 0 0 0 rg BT 247.76 281.15 Td (account ) Tj ET Q
q 0 0 0 rg BT 281.95 281.15 Td (clients ) Tj ET Q
q 0 0 0 rg BT 310.90 281.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 327.26 281.15 Td (AUM. ) Tj ET Q
q 0 0 0 rg BT 355.93 281.15 Td (Based ) Tj ET Q
q 0 0 0 rg BT 383.13 281.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 395.17 281.15 Td (revised ) Tj ET Q
q 0 0 0 rg BT 427.03 281.15 Td (attrition ) Tj ET Q
q 0 0 0 rg BT 461.82 281.15 Td (estimates, ) Tj ET Q
q 0 0 0 rg BT 505.06 281.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 519.43 281.15 Td (remaining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 268.55 Td (useful ) Tj ET Q
q 0 0 0 rg BT 77.99 268.55 Td (life ) Tj ET Q
q 0 0 0 rg BT 94.32 268.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 112.98 268.55 Td (decreased ) Tj ET Q
q 0 0 0 rg BT 156.70 268.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 179.44 268.55 Td (three ) Tj ET Q
q 0 0 0 rg BT 202.75 268.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 220.25 268.55 Td (one-half ) Tj ET Q
q 0 0 0 rg BT 257.56 268.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 268.06 268.55 Td (two ) Tj ET Q
q 0 0 0 rg BT 286.14 268.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 310.63 268.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 320.54 268.55 Td (December ) Tj ET Q
q 0 0 0 rg BT 366.01 268.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 381.46 268.55 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 406.91 268.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 420.91 268.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 427.90 268.55 Td (result ) Tj ET Q
q 0 0 0 rg BT 453.56 268.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 464.64 268.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 479.80 268.55 Td (decline ) Tj ET Q
q 0 0 0 rg BT 512.45 268.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 522.95 268.55 Td (projected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 255.95 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 89.86 255.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 107.57 255.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.94 255.95 Td (revised ) Tj ET Q
q 0 0 0 rg BT 155.81 255.95 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 193.34 255.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 204.63 255.95 Td (useful ) Tj ET Q
q 0 0 0 rg BT 232.84 255.95 Td (life, ) Tj ET Q
q 0 0 0 rg BT 252.00 255.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.38 255.95 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 311.90 255.95 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 349.43 255.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 374.71 255.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.01 255.95 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.20 255.95 Td ($6,900) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.07 255.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 480.62 255.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 491.91 255.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 503.20 255.95 Td (December ) Tj ET Q
q 0 0 0 rg BT 548.89 255.95 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 243.35 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 74.10 243.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 93.52 243.35 Td (determined ) Tj ET Q
q 0 0 0 rg BT 143.85 243.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 155.11 243.35 Td (exceed ) Tj ET Q
q 0 0 0 rg BT 187.35 243.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 200.36 243.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 218.03 243.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 243.86 243.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 262.12 243.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 275.13 243.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 326.63 243.35 Td (char) Tj ET Q
q 0 0 0 rg BT 344.50 243.35 Td (ge ) Tj ET Q
q 0 0 0 rg BT 357.51 243.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 369.35 243.35 Td ($6,400) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 398.23 243.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 401.32 243.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 420.75 243.35 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 460.57 243.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 491.08 243.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.00 243.35 Td (three ) Tj ET Q
q 0 0 0 rg BT 531.08 243.35 Td (months ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 230.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 76.85 230.75 Td (December ) Tj ET Q
q 0 0 0 rg BT 121.77 230.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 136.67 230.75 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 162.08 230.75 Td (Management ) Tj ET Q
q 0 0 0 rg BT 218.67 230.75 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 260.69 230.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.30 230.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 291.65 230.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 316.17 230.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 326.69 230.75 Td (this ) Tj ET Q
q 0 0 0 rg BT 343.64 230.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 365.83 230.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 376.36 230.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.88 230.75 Td (December ) Tj ET Q
q 0 0 0 rg BT 431.80 230.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 446.71 230.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 472.11 230.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 497.80 230.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 510.08 230.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 516.52 230.75 Td (discounted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 218.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 71.20 218.15 Td (flow ) Tj ET Q
q 0 0 0 rg BT 92.99 218.15 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 129.36 218.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 154.65 218.15 Td (unobservable ) Tj ET Q
q 0 0 0 rg BT 213.18 218.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 244.87 218.15 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 275.71 218.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 303.91 218.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 319.27 218.15 Td (Level ) Tj ET Q
q 0 0 0 rg BT 345.72 218.15 Td (3 ) Tj ET Q
q 0 0 0 rg BT 353.51 218.15 Td (measurements. ) Tj ET Q
q 0 0 0 rg BT 418.74 218.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 430.03 218.15 Td (addition ) Tj ET Q
q 0 0 0 rg BT 466.98 218.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 477.69 218.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 493.06 218.15 Td (useful ) Tj ET Q
q 0 0 0 rg BT 521.26 218.15 Td (life, ) Tj ET Q
q 0 0 0 rg BT 540.42 218.15 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 205.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 97.21 205.55 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 152.01 205.55 Td (used ) Tj ET Q
q 0 0 0 rg BT 174.14 205.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 185.19 205.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.90 205.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 222.44 205.55 Td (flow ) Tj ET Q
q 0 0 0 rg BT 244.57 205.55 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 281.29 205.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 320.32 205.55 Td (projected ) Tj ET Q
q 0 0 0 rg BT 362.27 205.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 398.38 205.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 431.01 205.55 Td (rates ) Tj ET Q
q 0 0 0 rg BT 453.72 205.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.35 205.55 Td (7%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.34 205.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 482.23 205.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 500.27 205.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 507.81 205.55 Td (discount ) Tj ET Q
q 0 0 0 rg BT 546.28 205.55 Td (rate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 192.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.37 192.95 Td (16.5%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 88.49 192.95 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 167.75 Td (6) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 55.25 167.75 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.25 167.75 Td (Short-T) Tj ET Q
q 0 0 0 rg BT 94.87 167.75 Td (erm ) Tj ET Q
q 0 0 0 rg BT 115.57 167.75 Td (Borr) Tj ET Q
q 0 0 0 rg BT 136.95 167.75 Td (owings ) Tj ET Q
q 0 0 0 rg BT 170.50 167.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 190.06 167.75 Td (Long-T) Tj ET Q
q 0 0 0 rg BT 222.94 167.75 Td (erm ) Tj ET Q
q 0 0 0 rg BT 243.63 167.75 Td (Debt) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 265.21 167.75 Td ( ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 142.55 Td (Short-term ) Tj ET Q
q 0 0 0 rg BT 99.89 142.55 Td (borrowings) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 129.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 75.30 129.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 107.61 129.95 Td (maintains ) Tj ET Q
q 0 0 0 rg BT 152.16 129.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 165.80 129.95 Td (unsecured ) Tj ET Q
q 0 0 0 rg BT 212.09 129.95 Td (credit ) Tj ET Q
q 0 0 0 rg BT 239.72 129.95 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 287.17 129.95 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 303.14 129.95 Td (amended ) Tj ET Q
q 0 0 0 rg BT 344.77 129.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 368.90 129.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 391.29 129.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 403.19 129.95 Td (time, ) Tj ET Q
q 0 0 0 rg BT 428.20 129.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 444.75 129.95 Td ("Credit ) Tj ET Q
q 0 0 0 rg BT 478.19 129.95 Td (Agreement"\) ) Tj ET Q
q 0 0 0 rg BT 536.34 129.95 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 117.35 Td (provides ) Tj ET Q
q 0 0 0 rg BT 89.89 117.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 105.86 117.35 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 114.25 117.35 Td ($500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 153.62 117.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.35 117.35 Td (multi-currency ) Tj ET Q
q 0 0 0 rg BT 223.47 117.35 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 267.44 117.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 295.07 117.35 Td (facility) Tj ET Q
q 0 0 0 rg BT 324.13 117.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 330.48 117.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 333.94 117.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 353.99 117.35 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 397.96 117.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 425.59 117.35 Td (facility ) Tj ET Q
q 0 0 0 rg BT 459.05 117.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 480.86 117.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 494.50 117.35 Td (increased ) Tj ET Q
q 0 0 0 rg BT 537.87 117.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 552.10 117.35 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 104.75 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 94.08 104.75 Td (amount ) Tj ET Q
q 0 0 0 rg BT 128.84 104.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.86 104.75 Td (up ) Tj ET Q
q 0 0 0 rg BT 154.63 104.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 166.07 104.75 Td ($500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 205.45 104.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 211.34 104.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 244.36 104.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 255.79 104.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 271.89 104.75 Td (approval ) Tj ET Q
q 0 0 0 rg BT 311.90 104.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.92 104.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.02 104.75 Td (lenders, ) Tj ET Q
q 0 0 0 rg BT 376.23 104.75 Td (expires ) Tj ET Q
q 0 0 0 rg BT 409.83 104.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 421.27 104.75 Td (December ) Tj ET Q
q 0 0 0 rg BT 467.68 104.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 494.57 104.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 513.00 104.75 Td (outstanding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 92.15 Td (borrowings, ) Tj ET Q
q 0 0 0 rg BT 103.15 92.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 112.26 92.15 Td (any) Tj ET Q
q 0 0 0 rg BT 126.74 92.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 132.06 92.15 Td (can ) Tj ET Q
q 0 0 0 rg BT 149.32 92.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 161.93 92.15 Td (repaid ) Tj ET Q
q 0 0 0 rg BT 190.86 92.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 201.13 92.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 218.98 92.15 Td (time. ) Tj ET Q
q 0 0 0 rg BT 242.97 92.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 245.47 92.15 Td (This ) Tj ET Q
q 0 0 0 rg BT 266.83 92.15 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 309.77 92.15 Td (credit ) Tj ET Q
q 0 0 0 rg BT 336.36 92.15 Td (facility ) Tj ET Q
q 0 0 0 rg BT 368.79 92.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 378.49 92.15 Td (available ) Tj ET Q
q 0 0 0 rg BT 419.08 92.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 429.94 92.15 Td (fund ) Tj ET Q
q 0 0 0 rg BT 451.88 92.15 Td (working ) Tj ET Q
q 0 0 0 rg BT 489.58 92.15 Td (capital ) Tj ET Q
q 0 0 0 rg BT 520.25 92.15 Td (needs ) Tj ET Q
q 0 0 0 rg BT 546.86 92.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 79.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.87 79.55 Td (general ) Tj ET Q
q 0 0 0 rg BT 98.39 79.55 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 140.66 79.55 Td (purposes.) Tj ET Q
endstream
endobj
231 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 232 0 R>>
endobj
232 0 obj
<</Length 34233>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.30 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.16 31.25 Td (13) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.44 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 75.96 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 106.13 741.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.03 741.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 148.42 741.75 Td (there ) Tj ET Q
q 0 0 0 rg BT 172.18 741.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 195.35 741.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 208.62 741.75 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 259.22 741.75 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 310.99 741.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 337.66 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.26 741.75 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 381.67 741.75 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 431.08 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 449.01 741.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 473.36 741.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 504.71 741.75 Td (had ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.64 741.75 Td ($500,000) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.78 729.15 Td (undrawn ) Tj ET Q
q 0 0 0 rg BT 99.56 729.15 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 141.83 729.15 Td (credit ) Tj ET Q
q 0 0 0 rg BT 167.77 729.15 Td (facility ) Tj ET Q
q 0 0 0 rg BT 199.54 729.15 Td (capacity) Tj ET Q
q 0 0 0 rg BT 233.84 729.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 238.50 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 240.53 729.15 Td (Under ) Tj ET Q
q 0 0 0 rg BT 268.80 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 283.67 729.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 309.03 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 319.81 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 334.67 729.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 351.98 729.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 366.97 729.15 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 418.27 729.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 441.88 729.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 472.50 729.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 492.61 729.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 508.07 729.15 Td (borrow ) Tj ET Q
q 0 0 0 rg BT 540.43 729.15 Td (more ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.55 Td (than ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.70 716.55 Td ($30,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 104.83 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 107.45 716.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 133.99 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.44 716.55 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 192.31 716.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 218.83 716.55 Td (facility) Tj ET Q
q 0 0 0 rg BT 247.89 716.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 253.14 716.55 Td (without ) Tj ET Q
q 0 0 0 rg BT 287.85 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 303.30 716.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 326.34 716.55 Td (consent ) Tj ET Q
q 0 0 0 rg BT 361.04 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 372.41 716.55 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 410.43 716.55 Td (T) Tj ET Q
q 0 0 0 rg BT 416.11 716.55 Td (empleton. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.35 Td (On ) Tj ET Q
q 0 0 0 rg BT 65.65 691.35 Td (April ) Tj ET Q
q 0 0 0 rg BT 91.42 691.35 Td (3, ) Tj ET Q
q 0 0 0 rg BT 102.90 691.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 130.14 691.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 155.32 691.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 187.52 691.35 Td (borrowed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 231.36 691.35 Td ($250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 270.74 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 274.35 691.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 301.86 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.30 691.35 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 347.36 691.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 397.61 691.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 409.97 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 418.24 691.35 Td (precautionary ) Tj ET Q
q 0 0 0 rg BT 479.57 691.35 Td (measure ) Tj ET Q
q 0 0 0 rg BT 518.16 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 529.94 691.35 Td (provide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 94.62 678.75 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 132.83 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 147.70 678.75 Td (general ) Tj ET Q
q 0 0 0 rg BT 181.22 678.75 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 223.49 678.75 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 263.44 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 274.23 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 289.69 678.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 322.04 678.75 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 363.73 678.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 395.51 678.75 Td (environment.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.61 653.55 Td (further ) Tj ET Q
q 0 0 0 rg BT 96.12 653.55 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 139.30 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 150.41 653.55 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 173.76 653.55 Td (1) Tj ET Q
q 0 0 0 rg BT 178.62 653.55 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 183.87 653.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 189.43 653.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 202.87 653.55 Td (December ) Tj ET Q
q 0 0 0 rg BT 248.95 653.55 Td (22, ) Tj ET Q
q 0 0 0 rg BT 265.01 653.55 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 291.58 653.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 316.09 653.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 347.61 653.55 Td (borrowed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 390.79 653.55 Td ($225,500) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.17 653.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 433.10 653.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 459.95 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 475.72 653.55 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 504.25 653.55 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 553.84 653.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 640.95 Td (purchase ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 89.84 640.95 Td (5,568) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 113.46 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 115.98 640.95 Td (shares ) Tj ET Q
q 0 0 0 rg BT 144.74 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.01 640.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 180.11 640.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 211.21 640.95 Td (common ) Tj ET Q
q 0 0 0 rg BT 250.48 640.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 275.16 640.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 298.10 640.95 Td (Shanda ) Tj ET Q
q 0 0 0 rg BT 330.97 640.95 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 356.83 640.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 414.16 640.95 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 463.34 640.95 Td (Limited ) Tj ET Q
q 0 0 0 rg BT 499.10 640.95 Td (\("Shanda"\). ) Tj ET Q
q 0 0 0 rg BT 550.73 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 553.25 640.95 Td (In ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 80.66 628.35 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 107.54 628.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 132.37 628.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 164.21 628.35 Td (repaid ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 193.71 628.35 Td ($100,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 233.08 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 236.34 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.34 628.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 273.17 628.35 Td (borrowings. ) Tj ET Q
q 0 0 0 rg BT 326.89 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 330.14 628.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 342.15 628.35 Td (September ) Tj ET Q
q 0 0 0 rg BT 390.31 628.35 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 417.19 628.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 442.02 628.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 473.86 628.35 Td (repaid ) Tj ET Q
q 0 0 0 rg BT 503.35 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 519.44 628.35 Td (remaining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 615.75 Td ($125,500) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 89.38 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 92.00 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 103.37 615.75 Td (borrowings. ) Tj ET Q
q 0 0 0 rg BT 156.45 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 158.89 615.75 Td (There ) Tj ET Q
q 0 0 0 rg BT 185.99 615.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 209.02 615.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 222.15 615.75 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 272.60 615.75 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 324.22 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 335.60 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 346.97 615.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 377.00 615.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 392.75 615.75 Td (2019.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 590.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.90 590.55 Td (revolving ) Tj ET Q
q 0 0 0 rg BT 111.73 590.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 138.21 590.55 Td (facility ) Tj ET Q
q 0 0 0 rg BT 170.52 590.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 187.10 590.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 199.59 590.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 233.08 590.55 Td (rate ) Tj ET Q
q 0 0 0 rg BT 251.39 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 262.72 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 278.12 590.55 Td (three-month ) Tj ET Q
q 0 0 0 rg BT 332.02 590.55 Td (Eurocurrency ) Tj ET Q
q 0 0 0 rg BT 391.73 590.55 Td (Rate ) Tj ET Q
q 0 0 0 rg BT 413.56 590.55 Td (plus ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 433.64 590.55 Td (125) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.39 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 451.97 590.55 Td (basis ) Tj ET Q
q 0 0 0 rg BT 475.55 590.55 Td (points ) Tj ET Q
q 0 0 0 rg BT 503.80 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 521.54 590.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 534.03 590.55 Td (annual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 577.95 Td (commitment ) Tj ET Q
q 0 0 0 rg BT 106.27 577.95 Td (fee ) Tj ET Q
q 0 0 0 rg BT 122.27 577.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 134.21 577.95 Td (17.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 152.59 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 155.78 577.95 Td (basis ) Tj ET Q
q 0 0 0 rg BT 179.97 577.95 Td (points. ) Tj ET Q
q 0 0 0 rg BT 211.46 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 214.65 577.95 Td (Interest ) Tj ET Q
q 0 0 0 rg BT 249.32 577.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 259.52 577.95 Td (payable ) Tj ET Q
q 0 0 0 rg BT 295.36 577.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 306.13 577.95 Td (least ) Tj ET Q
q 0 0 0 rg BT 328.56 577.95 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 369.65 577.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 383.34 577.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 401.69 577.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 440.46 577.95 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 492.65 577.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 519.75 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 535.77 577.95 Td (Credit ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 99.27 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 117.06 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.51 565.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 166.04 565.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 184.40 565.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 205.11 565.35 Td (change ) Tj ET Q
q 0 0 0 rg BT 237.46 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 248.25 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.71 565.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 291.40 565.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 317.94 565.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 331.06 565.35 Td (changes ) Tj ET Q
q 0 0 0 rg BT 367.51 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 378.30 565.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 402.50 565.35 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 439.68 565.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 466.21 565.35 Td (ratings. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.31 540.15 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 96.10 540.15 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 144.73 540.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 181.71 540.15 Td (standard ) Tj ET Q
q 0 0 0 rg BT 219.27 540.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 257.99 540.15 Td (covenants. ) Tj ET Q
q 0 0 0 rg BT 304.58 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 306.42 540.15 Td (These ) Tj ET Q
q 0 0 0 rg BT 333.48 540.15 Td (covenants ) Tj ET Q
q 0 0 0 rg BT 377.45 540.15 Td (include: ) Tj ET Q
q 0 0 0 rg BT 413.26 540.15 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 457.83 540.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 472.64 540.15 Td (debt ) Tj ET Q
q 0 0 0 rg BT 492.71 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 502.86 540.15 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 540.77 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 542.76 540.15 Td (ratio ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 527.55 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 64.69 527.55 Td (defined ) Tj ET Q
q 0 0 0 rg BT 98.62 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 109.23 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 124.50 527.55 Td (documents\) ) Tj ET Q
q 0 0 0 rg BT 175.94 527.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 187.13 527.55 Td (3.0 ) Tj ET Q
q 0 0 0 rg BT 202.70 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 213.31 527.55 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 218.56 527.55 Td (; ) Tj ET Q
q 0 0 0 rg BT 223.92 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 241.52 527.55 Td (minimum ) Tj ET Q
q 0 0 0 rg BT 284.81 527.55 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 322.72 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 325.17 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 335.78 527.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 369.13 527.55 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 390.81 527.55 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 405.50 527.55 Td (defined ) Tj ET Q
q 0 0 0 rg BT 439.43 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 450.04 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 465.32 527.55 Td (documents\) ) Tj ET Q
q 0 0 0 rg BT 516.75 527.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.94 527.55 Td (4.0 ) Tj ET Q
q 0 0 0 rg BT 543.51 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 554.12 527.55 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.37 527.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 564.62 527.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 514.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.17 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 75.42 514.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 105.33 514.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 120.95 514.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 147.08 514.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 171.16 514.95 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 208.22 514.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 223.55 514.95 Td (debt ) Tj ET Q
q 0 0 0 rg BT 244.13 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 254.80 514.95 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 292.71 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 295.22 514.95 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 316.96 514.95 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 335.79 514.95 Td (1.9 ) Tj ET Q
q 0 0 0 rg BT 351.42 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 362.09 514.95 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 367.34 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 369.84 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 387.50 514.95 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 425.42 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 427.92 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 438.59 514.95 Td (interest ) Tj ET Q
q 0 0 0 rg BT 472.00 514.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 508.32 514.95 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 530.06 514.95 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.90 514.95 Td (6.1 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.79 502.35 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.04 502.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 71.29 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 89.08 502.35 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 132.22 502.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 156.42 502.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 187.63 502.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 204.25 502.35 Td (maintained ) Tj ET Q
q 0 0 0 rg BT 253.52 502.35 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 304.54 502.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 325.84 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.29 502.35 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 387.06 502.35 Td (covenants.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 477.15 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 98.71 477.15 Td (debt) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 464.55 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 97.53 464.55 Td (debt, ) Tj ET Q
q 0 0 0 rg BT 120.86 464.55 Td (net, ) Tj ET Q
q 0 0 0 rg BT 138.93 464.55 Td (consists ) Tj ET Q
q 0 0 0 rg BT 174.81 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 186.19 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 201.64 464.55 Td (following:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
238.5 428.04999999999995 m
300.5 428.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300.5 428.04999999999995 m
304.5 428.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304.5 428.04999999999995 m
369.5 428.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 428.04999999999995 m
373.5 428.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
373.5 428.04999999999995 m
439.5 428.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439.5 428.04999999999995 m
443.5 428.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 428.04999999999995 m
504.5 428.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.5 428.04999999999995 m
562.5 428.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 395.04999999999995 m
234.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
238.5 395.04999999999995 m
300.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304.5 395.04999999999995 m
369.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
373.5 395.04999999999995 m
439.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 395.04999999999995 m
504.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.5 395.04999999999995 m
562.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
238.5 395.04999999999995 m
300.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304.5 395.04999999999995 m
369.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
373.5 395.04999999999995 m
439.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 395.04999999999995 m
504.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.5 395.04999999999995 m
562.5 395.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 305.04999999999995 m
234.5 305.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.5 305.04999999999995 m
562.5 305.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
238.5 305.04999999999995 m
300.5 305.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304.5 305.04999999999995 m
369.5 305.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
373.5 305.04999999999995 m
439.5 305.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 305.04999999999995 m
504.5 305.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.5 305.04999999999995 m
562.5 305.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 275.04999999999995 m
234.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
238.5 275.04999999999995 m
300.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304.5 275.04999999999995 m
369.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
373.5 275.04999999999995 m
439.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 275.04999999999995 m
504.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.5 275.04999999999995 m
562.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 260.04999999999995 m
234.5 260.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
238.5 260.04999999999995 m
300.5 260.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304.5 275.04999999999995 m
369.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304.5 260.04999999999995 m
369.5 260.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
373.5 275.04999999999995 m
439.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
373.5 260.04999999999995 m
439.5 260.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 275.04999999999995 m
504.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 260.04999999999995 m
504.5 260.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.5 275.04999999999995 m
562.5 275.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.5 260.04999999999995 m
562.5 260.04999999999995 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 432.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 337.60 432.82 Td (March 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 513.40 443.32 Td (March 31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.50 432.82 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 399.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 250.30 410.32 Td (Carrying) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 257.00 399.82 Td (V) Tj ET Q
q 0 0 0 rg BT 264.00 399.82 Td (alue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 309.05 418.27 Td (Unamortized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 317.50 407.77 Td (Discount) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 313.75 397.32 Td (\(Premium\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 378.55 418.27 Td (Unamortized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 376.40 407.77 Td (Debt Issuance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.30 397.32 Td (Costs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.10 410.32 Td (Maturity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.25 399.82 Td (Amount) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.30 410.32 Td (Carrying) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.00 399.82 Td (V) Tj ET Q
q 0 0 0 rg BT 529.42 399.82 Td (alue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 384.82 Td (3.95% Senior Notes due July 2024) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 241.00 384.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 262.35 384.82 Td (248,976) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.00 384.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.75 384.82 Td (195) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 376.00 384.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.75 384.82 Td (829) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.00 384.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 384.82 Td (250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.00 384.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 384.82 Td (248,738) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 369.82 Td (4.75% Senior Notes due March 2026) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 262.35 369.82 Td (447,875) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.00 369.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.85 369.82 Td (2,125) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 369.82 Td (450,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 369.82 Td (447,521) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 354.82 Td (5.625% Senior Notes due January 2044) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 262.35 354.82 Td (548,099) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 338.35 354.82 Td (\(2,907) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.50 354.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.85 354.82 Td (4,808) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 354.82 Td (550,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 354.82 Td (548,020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 339.82 Td (6.375% Junior Notes due March 2056) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 262.35 339.82 Td (242,665) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.00 339.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.85 339.82 Td (7,335) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 339.82 Td (250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 339.82 Td (242,461) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 324.82 Td (5.45% Junior Notes due September 2056) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 262.35 324.82 Td (485,1) Tj ET Q
q 0 0 0 rg BT 285.98 324.82 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.00 324.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.60 324.82 Td (14,882) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 324.82 Td (500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 324.82 Td (484,71) Tj ET Q
q 0 0 0 rg BT 553.23 324.82 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 309.82 Td (2.7% Senior Notes due July 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 286.00 309.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.00 309.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.00 309.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 309.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 309.82 Td (250,301) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 294.82 Td (Subtotal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.50 294.82 Td (1,972,733) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 338.35 294.82 Td (\(2,712) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.50 294.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.60 294.82 Td (29,979) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.50 294.82 Td (2,000,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.50 294.82 Td (2,221,752) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 279.82 Td (Less:  Current portion) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 286.00 279.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.00 279.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.00 279.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 279.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.85 279.82 Td (\(250,301) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.50 279.82 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 53.00 264.84 Td (T) Tj ET Q
q 0 0 0 rg BT 59.04 264.84 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 241.00 264.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 254.50 264.84 Td (1,972,733) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 307.00 264.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 338.35 264.84 Td (\(2,712) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 365.50 264.84 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.00 264.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.60 264.84 Td (29,979) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 446.00 264.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 458.50 264.84 Td (2,000,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.00 264.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.50 264.82 Td (1,971,451) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 235.35 Td (On ) Tj ET Q
q 0 0 0 rg BT 65.46 235.35 Td (July ) Tj ET Q
q 0 0 0 rg BT 85.59 235.35 Td (15, ) Tj ET Q
q 0 0 0 rg BT 101.34 235.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 127.59 235.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 151.79 235.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 183.00 235.35 Td (repaid ) Tj ET Q
q 0 0 0 rg BT 211.86 235.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.31 235.35 Td ($250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 266.68 235.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 269.31 235.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.68 235.35 Td (2.7%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.55 235.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 305.18 235.35 Td (Senior ) Tj ET Q
q 0 0 0 rg BT 335.22 235.35 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 362.34 235.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 380.12 235.35 Td (July ) Tj ET Q
q 0 0 0 rg BT 400.25 235.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 426.50 235.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 451.88 235.35 Td (existing ) Tj ET Q
q 0 0 0 rg BT 487.76 235.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 509.04 235.35 Td (resources. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 210.15 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.82 210.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 74.73 210.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 104.28 210.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 119.56 210.15 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 145.34 210.15 Td ($250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.72 210.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 186.87 210.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.78 210.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 221.50 210.15 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 258.22 210.15 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 301.78 210.15 Td (debt ) Tj ET Q
q 0 0 0 rg BT 322.02 210.15 Td (matures ) Tj ET Q
q 0 0 0 rg BT 357.41 210.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 367.73 210.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 392.63 210.15 Td (2025 ) Tj ET Q
q 0 0 0 rg BT 415.78 210.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 433.10 210.15 Td ($1,750,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.35 210.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 482.50 210.15 Td (matures ) Tj ET Q
q 0 0 0 rg BT 517.90 210.15 Td (after ) Tj ET Q
q 0 0 0 rg BT 539.28 210.15 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 197.55 Td (2025.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 172.35 Td (3.95% ) Tj ET Q
q 0 0 0 rg BT 81.50 172.35 Td (Senior) Tj ET Q
q 0 0 0 rg BT 110.48 172.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 113.10 172.35 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 140.81 172.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 159.77 172.35 Td (July ) Tj ET Q
q 0 0 0 rg BT 181.65 172.35 Td (2024) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 159.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.87 159.75 Td (June ) Tj ET Q
q 0 0 0 rg BT 82.24 159.75 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 107.99 159.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 131.68 159.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 162.39 159.75 Td (issued ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 190.76 159.75 Td ($250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 230.14 159.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.26 159.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 243.13 159.75 Td (3.95%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 270.25 159.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 272.37 159.75 Td (Senior ) Tj ET Q
q 0 0 0 rg BT 301.91 159.75 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 328.53 159.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 345.81 159.75 Td (July ) Tj ET Q
q 0 0 0 rg BT 365.44 159.75 Td (2024 ) Tj ET Q
q 0 0 0 rg BT 388.56 159.75 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 407.01 159.75 Td ("2024 ) Tj ET Q
q 0 0 0 rg BT 434.42 159.75 Td (Notes"\). ) Tj ET Q
q 0 0 0 rg BT 471.45 159.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 473.42 159.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 491.86 159.75 Td (2024 ) Tj ET Q
q 0 0 0 rg BT 514.99 159.75 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 541.61 159.75 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 147.15 Td (sold ) Tj ET Q
q 0 0 0 rg BT 70.93 147.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 81.94 147.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 90.02 147.15 Td (discount ) Tj ET Q
q 0 0 0 rg BT 129.03 147.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 141.21 147.15 Td ($458) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 162.21 147.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 168.26 147.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 197.35 147.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 207.78 147.15 Td (being ) Tj ET Q
q 0 0 0 rg BT 234.53 147.15 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 279.94 147.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 291.54 147.15 Td (interest ) Tj ET Q
q 0 0 0 rg BT 325.87 147.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 363.12 147.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 385.20 147.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.46 147.15 Td (10-year ) Tj ET Q
q 0 0 0 rg BT 436.95 147.15 Td (term. ) Tj ET Q
q 0 0 0 rg BT 462.00 147.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 481.75 147.15 Td (2024 ) Tj ET Q
q 0 0 0 rg BT 506.18 147.15 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 534.10 147.15 Td (can ) Tj ET Q
q 0 0 0 rg BT 552.10 147.15 Td (be ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 134.55 Td (redeemed ) Tj ET Q
q 0 0 0 rg BT 93.54 134.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 103.86 134.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 121.76 134.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 143.16 134.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 166.31 134.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 177.21 134.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.78 134.55 Td (scheduled ) Tj ET Q
q 0 0 0 rg BT 237.50 134.55 Td (maturity ) Tj ET Q
q 0 0 0 rg BT 275.82 134.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 286.72 134.55 Td (part ) Tj ET Q
q 0 0 0 rg BT 305.79 134.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 317.27 134.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 328.18 134.55 Td (aggregate, ) Tj ET Q
q 0 0 0 rg BT 374.34 134.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 384.66 134.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.23 134.55 Td (greater ) Tj ET Q
q 0 0 0 rg BT 432.11 134.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 443.59 134.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.16 134.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 490.46 134.55 Td (principal ) Tj ET Q
q 0 0 0 rg BT 530.52 134.55 Td (amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 121.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 59.59 121.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 77.35 121.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 98.02 121.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 108.78 121.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.62 121.95 Td (sum ) Tj ET Q
q 0 0 0 rg BT 143.14 121.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 153.90 121.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 168.74 121.95 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 213.32 121.95 Td (scheduled ) Tj ET Q
q 0 0 0 rg BT 257.32 121.95 Td (payments ) Tj ET Q
q 0 0 0 rg BT 299.57 121.95 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 347.08 121.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 356.67 121.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 371.51 121.95 Td (treasury ) Tj ET Q
q 0 0 0 rg BT 407.34 121.95 Td (rate ) Tj ET Q
q 0 0 0 rg BT 425.09 121.95 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 439.34 121.95 Td (defined\) ) Tj ET Q
q 0 0 0 rg BT 476.34 121.95 Td (plus ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.85 121.95 Td (0.25%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.97 121.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 527.61 121.95 Td (together ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 109.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 71.29 109.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 89.08 109.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 120.27 109.35 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 155.53 109.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 173.32 109.35 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 204.52 109.35 Td (interest.) Tj ET Q
endstream
endobj
233 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 234 0 R>>
endobj
234 0 obj
<</Length 29239>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.30 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.16 31.25 Td (14) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (4.75% ) Tj ET Q
q 0 0 0 rg BT 81.50 741.90 Td (Senior) Tj ET Q
q 0 0 0 rg BT 110.48 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 113.10 741.90 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 140.81 741.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 159.77 741.90 Td (Mar) Tj ET Q
q 0 0 0 rg BT 179.40 741.90 Td (ch ) Tj ET Q
q 0 0 0 rg BT 192.53 741.90 Td (2026) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.22 729.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 91.09 729.30 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 117.19 729.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 141.24 729.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 172.29 729.30 Td (issued ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.01 729.30 Td ($450,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 240.39 729.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 242.86 729.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.08 729.30 Td (4.75%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 281.20 729.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 283.67 729.30 Td (Senior ) Tj ET Q
q 0 0 0 rg BT 313.55 729.30 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 340.52 729.30 Td (due ) Tj ET Q
q 0 0 0 rg BT 358.16 729.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 388.03 729.30 Td (2026 ) Tj ET Q
q 0 0 0 rg BT 411.50 729.30 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 430.30 729.30 Td ("2026 ) Tj ET Q
q 0 0 0 rg BT 458.06 729.30 Td (Notes"\). ) Tj ET Q
q 0 0 0 rg BT 495.25 729.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 514.05 729.30 Td (2026 ) Tj ET Q
q 0 0 0 rg BT 537.52 729.30 Td (Notes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 72.31 716.70 Td (sold ) Tj ET Q
q 0 0 0 rg BT 91.72 716.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 101.21 716.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 107.78 716.70 Td (discount ) Tj ET Q
q 0 0 0 rg BT 145.27 716.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 155.92 716.70 Td ($207) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 176.92 716.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 181.46 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 183.23 716.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 201.46 716.70 Td (2026 ) Tj ET Q
q 0 0 0 rg BT 224.37 716.70 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 250.78 716.70 Td (can ) Tj ET Q
q 0 0 0 rg BT 267.26 716.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 279.08 716.70 Td (redeemed ) Tj ET Q
q 0 0 0 rg BT 321.79 716.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 331.87 716.70 Td (part ) Tj ET Q
q 0 0 0 rg BT 350.10 716.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 360.76 716.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 370.83 716.70 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 413.55 716.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 423.04 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 437.77 716.70 Td (greater ) Tj ET Q
q 0 0 0 rg BT 468.82 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.48 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 494.22 716.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 524.69 716.70 Td (principal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 704.10 Td (amount ) Tj ET Q
q 0 0 0 rg BT 83.33 704.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 92.75 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 107.41 704.10 Td (time ) Tj ET Q
q 0 0 0 rg BT 127.91 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 138.50 704.10 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 188.15 704.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 198.74 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.40 704.10 Td (sum ) Tj ET Q
q 0 0 0 rg BT 232.74 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 243.33 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.99 704.10 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 302.40 704.10 Td (scheduled ) Tj ET Q
q 0 0 0 rg BT 346.22 704.10 Td (payments ) Tj ET Q
q 0 0 0 rg BT 388.30 704.10 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 435.63 704.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 445.05 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.71 704.10 Td (treasury ) Tj ET Q
q 0 0 0 rg BT 495.37 704.10 Td (rate ) Tj ET Q
q 0 0 0 rg BT 512.94 704.10 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 527.02 704.10 Td (defined\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.50 Td (plus ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.13 691.50 Td (0.45%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 97.25 691.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 102.50 691.50 Td (together ) Tj ET Q
q 0 0 0 rg BT 139.53 691.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 160.82 691.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 178.61 691.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 209.80 691.50 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 245.06 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 262.85 691.50 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 294.05 691.50 Td (interest.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 666.30 Td (5.625% ) Tj ET Q
q 0 0 0 rg BT 86.75 666.30 Td (Senior) Tj ET Q
q 0 0 0 rg BT 115.73 666.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 118.35 666.30 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 146.06 666.30 Td (due ) Tj ET Q
q 0 0 0 rg BT 165.02 666.30 Td (January ) Tj ET Q
q 0 0 0 rg BT 204.99 666.30 Td (2044) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 62.07 653.70 Td (January ) Tj ET Q
q 0 0 0 rg BT 98.04 653.70 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 124.99 653.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 149.88 653.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 181.79 653.70 Td (issued ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 211.36 653.70 Td ($400,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 250.73 653.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 254.06 653.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 266.12 653.70 Td (5.625%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.49 653.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 301.82 653.70 Td (Senior ) Tj ET Q
q 0 0 0 rg BT 332.55 653.70 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 360.37 653.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 378.85 653.70 Td (January ) Tj ET Q
q 0 0 0 rg BT 414.83 653.70 Td (2044 ) Tj ET Q
q 0 0 0 rg BT 439.15 653.70 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 458.79 653.70 Td ("2044 ) Tj ET Q
q 0 0 0 rg BT 487.40 653.70 Td (Notes"\), ) Tj ET Q
q 0 0 0 rg BT 525.63 653.70 Td (sold ) Tj ET Q
q 0 0 0 rg BT 546.45 653.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 557.35 653.70 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 641.10 Td (discount ) Tj ET Q
q 0 0 0 rg BT 88.73 641.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 100.62 641.10 Td ($6,260) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 129.50 641.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 135.27 641.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 164.08 641.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 174.23 641.10 Td (being ) Tj ET Q
q 0 0 0 rg BT 200.70 641.10 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 245.83 641.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 257.14 641.10 Td (interest ) Tj ET Q
q 0 0 0 rg BT 291.20 641.10 Td (expense ) Tj ET Q
q 0 0 0 rg BT 328.16 641.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 349.96 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.94 641.10 Td (30-year ) Tj ET Q
q 0 0 0 rg BT 401.15 641.10 Td (term. ) Tj ET Q
q 0 0 0 rg BT 425.47 641.10 Td (An ) Tj ET Q
q 0 0 0 rg BT 441.45 641.10 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.59 641.10 Td ($150,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.96 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 529.11 641.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 541.00 641.10 Td (2044 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.50 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 77.41 628.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 100.73 628.50 Td (issued ) Tj ET Q
q 0 0 0 rg BT 129.89 628.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 140.98 628.50 Td (June ) Tj ET Q
q 0 0 0 rg BT 163.14 628.50 Td (2014 ) Tj ET Q
q 0 0 0 rg BT 187.05 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 205.13 628.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 228.44 628.50 Td (sold ) Tj ET Q
q 0 0 0 rg BT 248.86 628.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 259.35 628.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 266.93 628.50 Td (premium ) Tj ET Q
q 0 0 0 rg BT 307.75 628.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 319.41 628.50 Td ($9,779) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 348.29 628.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 353.83 628.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 382.40 628.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 392.32 628.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 412.15 628.50 Td (being ) Tj ET Q
q 0 0 0 rg BT 438.39 628.50 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 483.29 628.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 494.37 628.50 Td (interest ) Tj ET Q
q 0 0 0 rg BT 528.19 628.50 Td (expense ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 615.90 Td (over ) Tj ET Q
q 0 0 0 rg BT 71.71 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 87.59 615.90 Td (30-year ) Tj ET Q
q 0 0 0 rg BT 122.71 615.90 Td (term. ) Tj ET Q
q 0 0 0 rg BT 147.63 615.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 150.01 615.90 Td (All ) Tj ET Q
q 0 0 0 rg BT 166.49 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 178.29 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 194.17 615.90 Td (2044 ) Tj ET Q
q 0 0 0 rg BT 218.22 615.90 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 245.78 615.90 Td (can ) Tj ET Q
q 0 0 0 rg BT 263.40 615.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 276.37 615.90 Td (redeemed ) Tj ET Q
q 0 0 0 rg BT 320.23 615.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 330.86 615.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 349.07 615.90 Td (time ) Tj ET Q
q 0 0 0 rg BT 370.79 615.90 Td (prior ) Tj ET Q
q 0 0 0 rg BT 394.26 615.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 405.48 615.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 427.77 615.90 Td (scheduled ) Tj ET Q
q 0 0 0 rg BT 472.81 615.90 Td (maturity ) Tj ET Q
q 0 0 0 rg BT 511.45 615.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 522.67 615.90 Td (part ) Tj ET Q
q 0 0 0 rg BT 542.05 615.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 553.85 615.90 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.30 Td (aggregate, ) Tj ET Q
q 0 0 0 rg BT 97.25 603.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 108.65 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 125.30 603.30 Td (greater ) Tj ET Q
q 0 0 0 rg BT 158.27 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 170.84 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.49 603.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 219.87 603.30 Td (principal ) Tj ET Q
q 0 0 0 rg BT 261.02 603.30 Td (amount ) Tj ET Q
q 0 0 0 rg BT 296.33 603.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 307.74 603.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 327.30 603.30 Td (time ) Tj ET Q
q 0 0 0 rg BT 349.79 603.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 362.36 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.01 603.30 Td (sum ) Tj ET Q
q 0 0 0 rg BT 400.33 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 412.90 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 429.55 603.30 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 475.95 603.30 Td (scheduled ) Tj ET Q
q 0 0 0 rg BT 521.75 603.30 Td (payments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 590.70 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 98.12 590.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 108.32 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.77 590.70 Td (treasury ) Tj ET Q
q 0 0 0 rg BT 160.22 590.70 Td (rate ) Tj ET Q
q 0 0 0 rg BT 178.58 590.70 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 193.45 590.70 Td (defined\) ) Tj ET Q
q 0 0 0 rg BT 231.05 590.70 Td (plus ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.18 590.70 Td (0.3%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 273.05 590.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 278.30 590.70 Td (together ) Tj ET Q
q 0 0 0 rg BT 315.33 590.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 336.62 590.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 354.41 590.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 385.60 590.70 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 420.86 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 438.65 590.70 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 469.85 590.70 Td (interest.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.50 Td (6.375% ) Tj ET Q
q 0 0 0 rg BT 86.75 565.50 Td (Junior) Tj ET Q
q 0 0 0 rg BT 116.32 565.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 118.94 565.50 Td (Subordinated ) Tj ET Q
q 0 0 0 rg BT 182.84 565.50 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 210.54 565.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 229.51 565.50 Td (Mar) Tj ET Q
q 0 0 0 rg BT 249.14 565.50 Td (ch ) Tj ET Q
q 0 0 0 rg BT 262.27 565.50 Td (2056) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 552.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.86 552.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 92.38 552.90 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 119.11 552.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 143.80 552.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 175.50 552.90 Td (issued ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 204.86 552.90 Td ($250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.23 552.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 247.35 552.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 259.21 552.90 Td (6.375%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 291.58 552.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 294.69 552.90 Td (Junior ) Tj ET Q
q 0 0 0 rg BT 324.05 552.90 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 351.66 552.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 369.93 552.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 400.45 552.90 Td (2056 ) Tj ET Q
q 0 0 0 rg BT 424.56 552.90 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 444.00 552.90 Td (") Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.29 552.90 Td (6.375%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.66 552.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 483.77 552.90 Td (2056 ) Tj ET Q
q 0 0 0 rg BT 507.88 552.90 Td (Notes"\). ) Tj ET Q
q 0 0 0 rg BT 545.68 552.90 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.30 Td (6.375%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 82.37 540.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 84.99 540.30 Td (2056 ) Tj ET Q
q 0 0 0 rg BT 108.61 540.30 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 135.72 540.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 158.74 540.30 Td (issued ) Tj ET Q
q 0 0 0 rg BT 187.61 540.30 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.80 540.30 Td (100%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 222.30 540.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 224.92 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 236.28 540.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 251.73 540.30 Td (principal ) Tj ET Q
q 0 0 0 rg BT 291.66 540.30 Td (amount. ) Tj ET Q
q 0 0 0 rg BT 328.40 540.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 330.83 540.30 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.77 540.30 Td (6.375%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.14 540.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 384.76 540.30 Td (2056 ) Tj ET Q
q 0 0 0 rg BT 408.38 540.30 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 435.49 540.30 Td (rank ) Tj ET Q
q 0 0 0 rg BT 456.77 540.30 Td (junior ) Tj ET Q
q 0 0 0 rg BT 484.46 540.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 502.24 540.30 Td (subordinate ) Tj ET Q
q 0 0 0 rg BT 553.85 540.30 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 527.70 Td (right ) Tj ET Q
q 0 0 0 rg BT 72.29 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 83.50 527.70 Td (payment ) Tj ET Q
q 0 0 0 rg BT 122.12 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 132.75 527.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 145.71 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.92 527.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 180.96 527.70 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 217.98 527.70 Td (current ) Tj ET Q
q 0 0 0 rg BT 250.17 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 267.80 527.70 Td (future ) Tj ET Q
q 0 0 0 rg BT 295.33 527.70 Td (senior ) Tj ET Q
q 0 0 0 rg BT 323.45 527.70 Td (indebtedness. ) Tj ET Q
q 0 0 0 rg BT 382.78 527.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 385.24 527.70 Td (Prior ) Tj ET Q
q 0 0 0 rg BT 408.71 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 419.34 527.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 449.20 527.70 Td (15, ) Tj ET Q
q 0 0 0 rg BT 464.79 527.70 Td (2021, ) Tj ET Q
q 0 0 0 rg BT 490.88 527.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.17 527.70 Td (6.375%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.54 527.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 541.00 527.70 Td (2056 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 515.10 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 76.83 515.10 Td (can ) Tj ET Q
q 0 0 0 rg BT 93.74 515.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 105.98 515.10 Td (redeemed ) Tj ET Q
q 0 0 0 rg BT 149.12 515.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 159.62 515.10 Td (aggregate, ) Tj ET Q
q 0 0 0 rg BT 205.39 515.10 Td (but ) Tj ET Q
q 0 0 0 rg BT 221.14 515.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 236.89 515.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 247.39 515.10 Td (part, ) Tj ET Q
q 0 0 0 rg BT 268.68 515.10 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 278.59 515.10 Td (100%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.09 515.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 305.42 515.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 316.50 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 331.66 515.10 Td (principal ) Tj ET Q
q 0 0 0 rg BT 371.32 515.10 Td (amount, ) Tj ET Q
q 0 0 0 rg BT 407.77 515.10 Td (plus ) Tj ET Q
q 0 0 0 rg BT 427.61 515.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 445.10 515.10 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 480.08 515.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 497.57 515.10 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 528.48 515.10 Td (interest, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 59.07 502.50 Td (called ) Tj ET Q
q 0 0 0 rg BT 86.78 502.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 101.68 502.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 108.99 502.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 124.47 502.50 Td (event ) Tj ET Q
q 0 0 0 rg BT 149.86 502.50 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 164.76 502.50 Td (defined\), ) Tj ET Q
q 0 0 0 rg BT 205.02 502.50 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 216.42 502.50 Td (102%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 240.91 502.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 243.56 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.96 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 270.44 502.50 Td (principal ) Tj ET Q
q 0 0 0 rg BT 310.41 502.50 Td (amount, ) Tj ET Q
q 0 0 0 rg BT 347.19 502.50 Td (plus ) Tj ET Q
q 0 0 0 rg BT 367.34 502.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 385.16 502.50 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 420.45 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 438.26 502.50 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 469.49 502.50 Td (interest, ) Tj ET Q
q 0 0 0 rg BT 505.67 502.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 514.74 502.50 Td (called ) Tj ET Q
q 0 0 0 rg BT 542.46 502.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 557.35 502.50 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 489.90 Td (rating ) Tj ET Q
q 0 0 0 rg BT 77.27 489.90 Td (agency ) Tj ET Q
q 0 0 0 rg BT 109.78 489.90 Td (event ) Tj ET Q
q 0 0 0 rg BT 135.30 489.90 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 150.32 489.90 Td (defined\). ) Tj ET Q
q 0 0 0 rg BT 190.71 489.90 Td (On ) Tj ET Q
q 0 0 0 rg BT 206.32 489.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 217.84 489.90 Td (after ) Tj ET Q
q 0 0 0 rg BT 239.86 489.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 270.04 489.90 Td (15, ) Tj ET Q
q 0 0 0 rg BT 285.94 489.90 Td (2021, ) Tj ET Q
q 0 0 0 rg BT 312.35 489.90 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 327.95 489.90 Td (6.375%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.32 489.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 363.10 489.90 Td (2056 ) Tj ET Q
q 0 0 0 rg BT 386.88 489.90 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 414.16 489.90 Td (can ) Tj ET Q
q 0 0 0 rg BT 431.51 489.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 444.20 489.90 Td (redeemed ) Tj ET Q
q 0 0 0 rg BT 487.78 489.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 498.73 489.90 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 542.32 489.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 553.84 489.90 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 477.30 Td (part, ) Tj ET Q
q 0 0 0 rg BT 71.57 477.30 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 81.78 477.30 Td (100%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 106.27 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 108.90 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 120.27 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 135.72 477.30 Td (principal ) Tj ET Q
q 0 0 0 rg BT 175.67 477.30 Td (amount, ) Tj ET Q
q 0 0 0 rg BT 212.42 477.30 Td (plus ) Tj ET Q
q 0 0 0 rg BT 232.54 477.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 250.33 477.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 281.52 477.30 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 316.78 477.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 334.57 477.30 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 365.77 477.30 Td (interest.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 452.10 Td (5.45% ) Tj ET Q
q 0 0 0 rg BT 81.50 452.10 Td (Junior) Tj ET Q
q 0 0 0 rg BT 111.07 452.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 113.69 452.10 Td (Subordinated ) Tj ET Q
q 0 0 0 rg BT 177.59 452.10 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 205.29 452.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 224.26 452.10 Td (September) Tj ET Q
q 0 0 0 rg BT 272.47 452.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 275.10 452.10 Td (2056) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 439.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.39 439.50 Td (August ) Tj ET Q
q 0 0 0 rg BT 92.84 439.50 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 118.58 439.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 142.27 439.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 172.96 439.50 Td (issued ) Tj ET Q
q 0 0 0 rg BT 201.33 439.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 213.35 439.50 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 256.27 439.50 Td (principal ) Tj ET Q
q 0 0 0 rg BT 295.70 439.50 Td (amount ) Tj ET Q
q 0 0 0 rg BT 329.31 439.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.17 439.50 Td ($500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 379.54 439.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 381.65 439.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.51 439.50 Td (5.45%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.63 439.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 421.75 439.50 Td (Junior ) Tj ET Q
q 0 0 0 rg BT 450.11 439.50 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 476.72 439.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 493.99 439.50 Td (September ) Tj ET Q
q 0 0 0 rg BT 541.01 439.50 Td (2056 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.90 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 68.27 426.90 Td (") Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 72.56 426.90 Td (5.45%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 99.68 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 101.63 426.90 Td (2056 ) Tj ET Q
q 0 0 0 rg BT 124.58 426.90 Td (Notes"\), ) Tj ET Q
q 0 0 0 rg BT 161.43 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.21 426.90 Td (net ) Tj ET Q
q 0 0 0 rg BT 190.98 426.90 Td (proceeds ) Tj ET Q
q 0 0 0 rg BT 230.25 426.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 240.94 426.90 Td (which, ) Tj ET Q
q 0 0 0 rg BT 271.18 426.90 Td (together ) Tj ET Q
q 0 0 0 rg BT 307.53 426.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 328.14 426.90 Td (cash ) Tj ET Q
q 0 0 0 rg BT 348.75 426.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 361.20 426.90 Td (hand, ) Tj ET Q
q 0 0 0 rg BT 386.18 426.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 408.53 426.90 Td (used ) Tj ET Q
q 0 0 0 rg BT 429.73 426.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 439.84 426.90 Td (repay ) Tj ET Q
q 0 0 0 rg BT 465.11 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 479.88 426.90 Td (aggregate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.64 426.90 Td ($500,000) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 414.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.31 414.30 Td (then ) Tj ET Q
q 0 0 0 rg BT 81.96 414.30 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 133.52 414.30 Td (borrowings ) Tj ET Q
q 0 0 0 rg BT 183.92 414.30 Td (under ) Tj ET Q
q 0 0 0 rg BT 210.39 414.30 Td (its ) Tj ET Q
q 0 0 0 rg BT 222.88 414.30 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 251.12 414.30 Td (Agreement. ) Tj ET Q
q 0 0 0 rg BT 302.78 414.30 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.67 414.30 Td (5.45%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 348.79 414.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 351.35 414.30 Td (2056 ) Tj ET Q
q 0 0 0 rg BT 374.92 414.30 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 401.98 414.30 Td (rank ) Tj ET Q
q 0 0 0 rg BT 423.21 414.30 Td (junior ) Tj ET Q
q 0 0 0 rg BT 450.85 414.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 468.58 414.30 Td (subordinate ) Tj ET Q
q 0 0 0 rg BT 520.14 414.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 530.87 414.30 Td (right ) Tj ET Q
q 0 0 0 rg BT 553.27 414.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 401.70 Td (payment ) Tj ET Q
q 0 0 0 rg BT 88.45 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 98.91 401.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 111.70 401.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 122.73 401.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 146.60 401.70 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 183.45 401.70 Td (current ) Tj ET Q
q 0 0 0 rg BT 215.48 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 232.93 401.70 Td (future ) Tj ET Q
q 0 0 0 rg BT 260.29 401.70 Td (senior ) Tj ET Q
q 0 0 0 rg BT 288.25 401.70 Td (indebtedness. ) Tj ET Q
q 0 0 0 rg BT 347.40 401.70 Td (Prior ) Tj ET Q
q 0 0 0 rg BT 370.70 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 381.16 401.70 Td (September ) Tj ET Q
q 0 0 0 rg BT 428.35 401.70 Td (15, ) Tj ET Q
q 0 0 0 rg BT 443.77 401.70 Td (2021, ) Tj ET Q
q 0 0 0 rg BT 469.69 401.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.81 401.70 Td (5.45%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.93 401.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 514.22 401.70 Td (2056 ) Tj ET Q
q 0 0 0 rg BT 537.51 401.70 Td (Notes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 389.10 Td (can ) Tj ET Q
q 0 0 0 rg BT 67.77 389.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 80.87 389.10 Td (redeemed ) Tj ET Q
q 0 0 0 rg BT 124.87 389.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 136.23 389.10 Td (aggregate, ) Tj ET Q
q 0 0 0 rg BT 182.86 389.10 Td (but ) Tj ET Q
q 0 0 0 rg BT 199.47 389.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 216.08 389.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 227.44 389.10 Td (part, ) Tj ET Q
q 0 0 0 rg BT 249.59 389.10 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 260.36 389.10 Td (100%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.86 389.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 288.05 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 299.99 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 316.02 389.10 Td (principal ) Tj ET Q
q 0 0 0 rg BT 356.53 389.10 Td (amount, ) Tj ET Q
q 0 0 0 rg BT 393.85 389.10 Td (plus ) Tj ET Q
q 0 0 0 rg BT 414.54 389.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 432.90 389.10 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 468.73 389.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 487.09 389.10 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 518.86 389.10 Td (interest, ) Tj ET Q
q 0 0 0 rg BT 555.59 389.10 Td (if ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.50 Td (called ) Tj ET Q
q 0 0 0 rg BT 78.25 376.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 93.67 376.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 101.51 376.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 117.51 376.50 Td (event ) Tj ET Q
q 0 0 0 rg BT 143.43 376.50 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 158.85 376.50 Td (defined ) Tj ET Q
q 0 0 0 rg BT 193.52 376.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 204.86 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.87 376.50 Td (prospectus ) Tj ET Q
q 0 0 0 rg BT 268.96 376.50 Td (supplement\), ) Tj ET Q
q 0 0 0 rg BT 326.67 376.50 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 338.59 376.50 Td (102%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 363.09 376.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 366.27 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.19 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 394.20 376.50 Td (principal ) Tj ET Q
q 0 0 0 rg BT 434.70 376.50 Td (amount, ) Tj ET Q
q 0 0 0 rg BT 472.00 376.50 Td (plus ) Tj ET Q
q 0 0 0 rg BT 492.68 376.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 511.02 376.50 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 546.84 376.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 363.90 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 81.82 363.90 Td (interest, ) Tj ET Q
q 0 0 0 rg BT 118.59 363.90 Td (if ) Tj ET Q
q 0 0 0 rg BT 128.24 363.90 Td (called ) Tj ET Q
q 0 0 0 rg BT 156.55 363.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 172.03 363.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 179.93 363.90 Td (rating ) Tj ET Q
q 0 0 0 rg BT 207.66 363.90 Td (agency ) Tj ET Q
q 0 0 0 rg BT 240.63 363.90 Td (event ) Tj ET Q
q 0 0 0 rg BT 266.61 363.90 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 282.09 363.90 Td (defined ) Tj ET Q
q 0 0 0 rg BT 316.81 363.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 328.22 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 344.29 363.90 Td (prospectus ) Tj ET Q
q 0 0 0 rg BT 392.43 363.90 Td (supplement\). ) Tj ET Q
q 0 0 0 rg BT 450.20 363.90 Td (On ) Tj ET Q
q 0 0 0 rg BT 466.28 363.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 478.26 363.90 Td (after ) Tj ET Q
q 0 0 0 rg BT 500.73 363.90 Td (September ) Tj ET Q
q 0 0 0 rg BT 548.87 363.90 Td (15, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.30 Td (2021, ) Tj ET Q
q 0 0 0 rg BT 76.79 351.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 92.79 351.30 Td (5.45%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 119.91 351.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 123.07 351.30 Td (2056 ) Tj ET Q
q 0 0 0 rg BT 147.24 351.30 Td (Notes ) Tj ET Q
q 0 0 0 rg BT 174.90 351.30 Td (can ) Tj ET Q
q 0 0 0 rg BT 192.64 351.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 205.72 351.30 Td (redeemed ) Tj ET Q
q 0 0 0 rg BT 249.69 351.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 261.02 351.30 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 305.00 351.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 316.91 351.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 328.24 351.30 Td (part, ) Tj ET Q
q 0 0 0 rg BT 350.36 351.30 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.10 351.30 Td (100%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.60 351.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 388.76 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 400.68 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 416.67 351.30 Td (principal ) Tj ET Q
q 0 0 0 rg BT 457.16 351.30 Td (amount, ) Tj ET Q
q 0 0 0 rg BT 494.44 351.30 Td (plus ) Tj ET Q
q 0 0 0 rg BT 515.11 351.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 533.44 351.30 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 338.70 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 85.26 338.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 103.05 338.70 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 134.25 338.70 Td (interest.) Tj ET Q
endstream
endobj
235 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 236 0 R>>
endobj
236 0 obj
<</Length 38089>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.30 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.16 31.25 Td (15) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (7) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 54.75 741.90 Td (.  ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 62.25 741.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 97.93 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 103.97 741.90 Td (axes) Tj ET Q
BT /F2 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 716.70 Td (components ) Tj ET Q
q 0 0 0 rg BT 121.82 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.19 716.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 166.72 716.70 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 192.68 716.70 Td (before ) Tj ET Q
q 0 0 0 rg BT 222.12 716.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 255.65 716.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 271.10 716.70 Td (provision ) Tj ET Q
q 0 0 0 rg BT 313.40 716.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 336.42 716.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 347.79 716.70 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 691.2 m
370 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 691.2 m
434 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 691.2 m
498 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 691.2 m
562 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 691.2 m
370 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 691.2 m
434 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 691.2 m
498 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 691.2 m
562 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 661.2 m
434 661.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 661.2 m
498 661.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 661.2 m
562 661.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 661.2 m
370 661.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 646.2 m
370 646.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 661.2 m
434 661.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 646.2 m
434 646.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 661.2 m
498 661.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 646.2 m
498 646.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 661.2 m
562 661.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 646.2 m
562 646.2 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 393.00 695.99 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.00 695.97 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.00 695.97 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 680.97 Td (Domestic) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 680.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 395.85 680.99 Td (324,254) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 680.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 680.97 Td (60,001) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 680.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 680.97 Td (287,229) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 665.97 Td (Foreign) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.10 665.99 Td (86,280) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 461.60 665.97 Td (\(31,506) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 665.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 665.97 Td (\(53,389) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 665.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 650.97 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 650.97 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 650.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 395.85 650.99 Td (410,534) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 650.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 650.97 Td (28,495) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 650.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 650.97 Td (233,840) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 621.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 621.50 Td (components ) Tj ET Q
q 0 0 0 rg BT 121.82 621.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.19 621.50 Td (income ) Tj ET Q
q 0 0 0 rg BT 166.72 621.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 182.17 621.50 Td (expense ) Tj ET Q
q 0 0 0 rg BT 218.62 621.50 Td (\(benefit\) ) Tj ET Q
q 0 0 0 rg BT 257.39 621.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 280.41 621.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 291.79 621.50 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 599 m
370 599 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 599 m
434 599 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 599 m
498 599 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 599 m
562 599 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 599 m
370 599 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 599 m
434 599 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 599 m
498 599 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 599 m
562 599 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 557 m
370 557 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 557 m
434 557 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 557 m
498 557 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 557 m
562 557 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 543 m
370 543 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 557 m
434 557 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 543 m
434 543 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 557 m
498 557 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 543 m
498 543 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 557 m
562 557 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 543 m
562 543 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 501 m
434 501 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 501 m
498 501 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 501 m
562 501 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 501 m
370 501 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 487 m
370 487 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 501 m
434 501 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 487 m
434 487 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 501 m
498 501 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 487 m
498 487 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 501 m
562 501 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 487 m
562 487 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 393.00 601.44 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.00 601.27 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.00 601.27 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 589.22 Td (Federal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 589.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.10 589.39 Td (65,455) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 589.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 589.22 Td (24,640) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 589.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.35 589.22 Td (\(106,621) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 589.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 575.22 Td (Foreign) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.10 575.39 Td (19,827) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 461.60 575.22 Td (\(1) Tj ET Q
q 0 0 0 rg BT 470.35 575.22 Td (1,343) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 575.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 575.22 Td (\(16,015) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 575.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 561.22 Td (State and local) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.10 561.39 Td (20,766) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 561.22 Td (7,264) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 561.22 Td (20,126) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 547.22 Td (T) Tj ET Q
q 0 0 0 rg BT 58.55 547.22 Td (otal income tax provision \(benefit\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 547.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 395.85 547.39 Td (106,048) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 547.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 547.22 Td (20,561) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 547.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.35 547.22 Td (\(102,510) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 547.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 519.22 Td (Current) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 519.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.35 519.39 Td (8,997) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 519.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 519.22 Td (26,716) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 519.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 519.22 Td (38,983) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 505.22 Td (Deferred) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.10 505.39 Td (97,051) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.85 505.22 Td (\(6,155) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 505.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.35 505.22 Td (\(141,493) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 505.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 491.22 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 491.22 Td (otal income tax provision \(benefit\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 491.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 395.85 491.39 Td (106,048) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 491.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 491.22 Td (20,561) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 491.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.35 491.22 Td (\(102,510) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 491.22 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 462.30 Td (A) Tj ET Q
q 0 0 0 rg BT 56.50 462.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 58.35 462.30 Td (reconciliation ) Tj ET Q
q 0 0 0 rg BT 117.93 462.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 128.53 462.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.21 462.30 Td (dif) Tj ET Q
q 0 0 0 rg BT 154.68 462.30 Td (ference ) Tj ET Q
q 0 0 0 rg BT 187.42 462.30 Td (between ) Tj ET Q
q 0 0 0 rg BT 224.25 462.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 238.93 462.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 246.90 462.30 Td (fective ) Tj ET Q
q 0 0 0 rg BT 277.32 462.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 310.07 462.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 324.75 462.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 342.34 462.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 359.35 462.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.03 462.30 Td (statutory ) Tj ET Q
q 0 0 0 rg BT 412.63 462.30 Td (federal ) Tj ET Q
q 0 0 0 rg BT 443.62 462.30 Td (income ) Tj ET Q
q 0 0 0 rg BT 476.38 462.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 491.06 462.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 508.64 462.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 517.50 462.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 528.10 462.30 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 436.79999999999995 m
370 436.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 436.79999999999995 m
434 436.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 436.79999999999995 m
498 436.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 436.79999999999995 m
562 436.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 436.79999999999995 m
370 436.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 436.79999999999995 m
434 436.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 436.79999999999995 m
498 436.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 436.79999999999995 m
562 436.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 289.79999999999995 m
370 289.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 289.79999999999995 m
434 289.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 289.79999999999995 m
498 289.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 289.79999999999995 m
562 289.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 274.79999999999995 m
370 274.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 289.79999999999995 m
434 289.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 274.79999999999995 m
434 274.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 274.79999999999995 m
498 274.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 274.79999999999995 m
562 274.79999999999995 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 393.00 441.59 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.00 441.57 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.00 441.57 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 427.02 Td (T) Tj ET Q
q 0 0 0 rg BT 58.55 427.02 Td (ax provision at statutory U.S. federal income tax rate) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 404.60 427.19 Td (21.0) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 423.00 427.19 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 427.02 Td (21.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.75 427.02 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.85 427.02 Td (31.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.75 427.02 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 412.57 Td (State income taxes, net of federal income tax benefit) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 273.21 417.33 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 409.85 412.59 Td (8.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.60 412.57 Td (8.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 412.57 Td (7.8) Tj ET Q
BT /F1 10.50 Tf ET
0.8 0.9333333333333333 1 rg
/GS0 gs
52.50 404.85 180.14 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 52.50 397.57 Td (Impact of changes in U.S. federal ) Tj ET Q
q 0 0 0 rg BT 195.76 397.57 Td (T) Tj ET Q
q 0 0 0 rg BT 201.44 397.57 Td (ax Law) Tj ET Q
BT /F1 10.50 Tf ET
0.8 0.9333333333333333 1 rg
/GS0 gs
232.64 409.61 7.96 -9.55 re f
/GS0 gs
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 232.64 402.33 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 412.50 397.59 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.60 397.57 Td (8.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.35 397.57 Td (\(90.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 549.25 397.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 382.57 Td (Uncertain tax benefits) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 145.21 387.33 Td (\(3\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.35 382.59 Td (\(3.4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 423.00 382.59 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 382.57 Td (49.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 382.57 Td (1.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 367.57 Td (Ef) Tj ET Q
q 0 0 0 rg BT 62.22 367.57 Td (fect of foreign tax rates) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 160.17 372.33 Td (\(4\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.35 367.59 Td (\(1.7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 423.00 367.59 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.85 367.57 Td (\(37.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.75 367.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 367.57 Td (1.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 353.02 Td (Changes in U.K. tax rates on deferred tax assets and liabilities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 412.50 353.19 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.25 353.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 353.02 Td (0.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 339.02 Td (Net income attributable to noncontrolling interests) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.35 339.19 Td (\(2.3) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 423.00 339.19 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.85 339.02 Td (\(28.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.75 339.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 532.60 339.02 Td (\(6.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 549.25 339.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 324.57 Td (Change in valuation allowances) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 186.34 329.33 Td (\(5\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 409.85 324.59 Td (1.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 324.57 Td (23.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 532.60 324.57 Td (\(1.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 549.25 324.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 309.57 Td (Federal ef) Tj ET Q
q 0 0 0 rg BT 94.58 309.57 Td (fect of permanent tax adjustments) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 236.87 314.33 Td (\(6\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 409.85 309.59 Td (3.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 309.57 Td (33.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.85 309.57 Td (10.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 294.57 Td (Other) Tj ET Q
q 0 0 0 rg BT 76.20 294.57 Td (, net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.35 294.59 Td (\(0.7) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 423.00 294.59 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 472.10 294.57 Td (\(6.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.75 294.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 536.10 294.57 Td (0.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 279.57 Td (Ef) Tj ET Q
q 0 0 0 rg BT 62.22 279.57 Td (fective income tax rate) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 404.60 279.59 Td (25.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 423.00 279.59 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 279.57 Td (72.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.75 279.57 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.35 279.57 Td (\(43.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 549.25 279.57 Td (\)%) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 265.10 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 67.50 265.10 Td (State ) Tj ET Q
q 0 0 0 rg BT 86.17 265.10 Td (income ) Tj ET Q
q 0 0 0 rg BT 112.86 265.10 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 132.00 265.10 Td (include ) Tj ET Q
q 0 0 0 rg BT 158.69 265.10 Td (changes ) Tj ET Q
q 0 0 0 rg BT 187.74 265.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 196.03 265.10 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 229.33 265.10 Td (allowances ) Tj ET Q
q 0 0 0 rg BT 268.77 265.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 293.56 265.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 301.85 265.10 Td (change ) Tj ET Q
q 0 0 0 rg BT 327.59 265.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 335.87 265.10 Td (apportionment ) Tj ET Q
q 0 0 0 rg BT 387.12 265.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 401.07 265.10 Td (provision ) Tj ET Q
q 0 0 0 rg BT 434.85 265.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 443.14 265.10 Td (return ) Tj ET Q
q 0 0 0 rg BT 465.10 265.10 Td (dif) Tj ET Q
q 0 0 0 rg BT 474.39 265.10 Td (ferences, ) Tj ET Q
q 0 0 0 rg BT 506.50 265.10 Td (net ) Tj ET Q
q 0 0 0 rg BT 518.56 265.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 527.31 265.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 539.37 265.10 Td (impact ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 254.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 78.13 254.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 103.37 254.90 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 133.81 254.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 146.32 254.90 Td (assets.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 244.70 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 67.50 244.70 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 98.42 244.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 110.93 244.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 136.19 244.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 146.81 244.70 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 177.25 244.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 189.76 244.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 211.71 244.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 226.11 244.70 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 259.87 244.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 274.27 244.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.78 244.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 293.23 244.70 Td (fects ) Tj ET Q
q 0 0 0 rg BT 311.40 244.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 322.03 244.70 Td (unremitted ) Tj ET Q
q 0 0 0 rg BT 360.98 244.70 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 387.65 244.70 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 418.57 244.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 432.97 244.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 452.56 244.70 Td (aspects ) Tj ET Q
q 0 0 0 rg BT 479.23 244.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.44 244.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 500.79 244.70 Td (T) Tj ET Q
q 0 0 0 rg BT 505.39 244.70 Td (ax ) Tj ET Q
q 0 0 0 rg BT 515.54 244.70 Td (Law) Tj ET Q
q 0 0 0 rg BT 530.09 244.70 Td (. ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 234.50 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 67.50 234.50 Td (Reserves ) Tj ET Q
q 0 0 0 rg BT 100.11 234.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 111.95 234.50 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 145.50 234.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 157.81 234.50 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 186.64 234.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 205.08 234.50 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 236.74 234.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 248.57 234.50 Td (positions ) Tj ET Q
q 0 0 0 rg BT 281.20 234.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 306.25 234.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 314.79 234.50 Td (prior ) Tj ET Q
q 0 0 0 rg BT 333.24 234.50 Td (years' ) Tj ET Q
q 0 0 0 rg BT 354.63 234.50 Td (foreign, ) Tj ET Q
q 0 0 0 rg BT 383.23 234.50 Td (federal, ) Tj ET Q
q 0 0 0 rg BT 410.87 234.50 Td (state, ) Tj ET Q
q 0 0 0 rg BT 430.50 234.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 444.70 234.50 Td (local ) Tj ET Q
q 0 0 0 rg BT 463.14 234.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 475.45 234.50 Td (return ) Tj ET Q
q 0 0 0 rg BT 497.67 234.50 Td (filing ) Tj ET Q
q 0 0 0 rg BT 518.02 234.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 527.02 234.50 Td (well ) Tj ET Q
q 0 0 0 rg BT 543.58 234.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 552.59 234.50 Td (for ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 224.30 Td (positions ) Tj ET Q
q 0 0 0 rg BT 100.16 224.30 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 131.85 224.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 140.43 224.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.77 224.30 Td (current ) Tj ET Q
q 0 0 0 rg BT 178.80 224.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 195.39 224.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 207.74 224.30 Td (expense ) Tj ET Q
q 0 0 0 rg BT 237.08 224.30 Td (accrual. ) Tj ET Q
q 0 0 0 rg BT 265.70 224.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 274.74 224.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 295.11 224.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 316.20 224.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 321.93 224.30 Td (state ) Tj ET Q
q 0 0 0 rg BT 339.47 224.30 Td (audit ) Tj ET Q
q 0 0 0 rg BT 358.43 224.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 373.61 224.30 Td (resolved ) Tj ET Q
q 0 0 0 rg BT 404.37 224.30 Td (favorably ) Tj ET Q
q 0 0 0 rg BT 438.90 224.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 453.14 224.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 465.48 224.30 Td (statute ) Tj ET Q
q 0 0 0 rg BT 489.63 224.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 498.68 224.30 Td (limitations ) Tj ET Q
q 0 0 0 rg BT 537.00 224.30 Td (expired ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 214.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 78.13 214.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 103.37 214.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 115.88 214.10 Td (returns ) Tj ET Q
q 0 0 0 rg BT 141.61 214.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 153.65 214.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 176.55 214.10 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 210.29 214.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 222.80 214.10 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 248.53 214.10 Td (reserves ) Tj ET Q
q 0 0 0 rg BT 278.50 214.10 Td (had ) Tj ET Q
q 0 0 0 rg BT 292.90 214.10 Td (been ) Tj ET Q
q 0 0 0 rg BT 311.07 214.10 Td (established.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 203.90 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 67.50 203.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 82.67 203.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 89.12 203.90 Td (fect ) Tj ET Q
q 0 0 0 rg BT 103.81 203.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.85 203.90 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 139.35 203.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 151.69 203.90 Td (rates ) Tj ET Q
q 0 0 0 rg BT 169.69 203.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 181.56 203.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 201.92 203.90 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 223.00 203.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 237.23 203.90 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 256.18 203.90 Td (include ) Tj ET Q
q 0 0 0 rg BT 283.16 203.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 295.50 203.90 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 324.36 203.90 Td (of ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 333.40 203.90 Td ($8,71) Tj ET Q
q 0 0 0 rg BT 352.21 203.90 Td (1) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 356.46 203.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 360.54 203.90 Td (and ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 374.77 203.90 Td ($33,150) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 402.39 203.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 406.47 203.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 446.98 203.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 451.06 203.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 462.93 203.90 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 495.57 203.90 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 536.71 203.90 Td (char) Tj ET Q
q 0 0 0 rg BT 551.18 203.90 Td (ges ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 193.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 92.33 193.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 100.64 193.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.73 193.70 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 148.42 193.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 169.96 193.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 178.74 193.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 190.83 193.70 Td (EnT) Tj ET Q
q 0 0 0 rg BT 205.16 193.70 Td (rust ) Tj ET Q
q 0 0 0 rg BT 219.62 193.70 Td (Global ) Tj ET Q
q 0 0 0 rg BT 244.46 193.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 258.43 193.70 Td (legacy ) Tj ET Q
q 0 0 0 rg BT 282.31 193.70 Td (Permal ) Tj ET Q
q 0 0 0 rg BT 308.09 193.70 Td (businesses, ) Tj ET Q
q 0 0 0 rg BT 347.81 193.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 356.60 193.70 Td (further ) Tj ET Q
q 0 0 0 rg BT 381.43 193.70 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 415.71 193.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 424.02 193.70 Td (Note ) Tj ET Q
q 0 0 0 rg BT 442.25 193.70 Td (5. ) Tj ET Q
q 0 0 0 rg BT 449.95 193.70 Td (Additionally) Tj ET Q
q 0 0 0 rg BT 492.37 193.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 496.20 193.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 508.29 193.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 514.74 193.70 Td (fect ) Tj ET Q
q 0 0 0 rg BT 529.18 193.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 537.96 193.70 Td (foreign ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 183.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 79.87 183.50 Td (rates ) Tj ET Q
q 0 0 0 rg BT 97.90 183.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 109.79 183.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 130.18 183.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 149.17 183.50 Td (includes ) Tj ET Q
q 0 0 0 rg BT 179.48 183.50 Td (a ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 185.23 183.50 Td ($21,720) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 212.86 183.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 214.84 183.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 227.21 183.50 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 252.79 183.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 264.68 183.50 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 297.35 183.50 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 338.52 183.50 Td (char) Tj ET Q
q 0 0 0 rg BT 352.99 183.50 Td (ges ) Tj ET Q
q 0 0 0 rg BT 366.31 183.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 391.41 183.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 400.01 183.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 412.38 183.50 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 448.35 183.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 470.17 183.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.23 183.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 491.60 183.50 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 516.25 183.50 Td (Infrastructure ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 173.30 Td (businesses.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 163.10 Td (\(5\) ) Tj ET Q
q 0 0 0 rg BT 67.50 163.10 Td (See ) Tj ET Q
q 0 0 0 rg BT 81.90 163.10 Td (schedule ) Tj ET Q
q 0 0 0 rg BT 113.76 163.10 Td (below ) Tj ET Q
q 0 0 0 rg BT 136.66 163.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 148.70 163.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 161.21 163.10 Td (change ) Tj ET Q
q 0 0 0 rg BT 187.40 163.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 196.14 163.10 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 229.89 163.10 Td (allowances ) Tj ET Q
q 0 0 0 rg BT 269.78 163.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 280.41 163.10 Td (jurisdiction.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 152.90 Td (\(6\) ) Tj ET Q
q 0 0 0 rg BT 67.50 152.90 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 89.93 152.90 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 109.06 152.90 Td (includes ) Tj ET Q
q 0 0 0 rg BT 139.51 152.90 Td (a ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 145.41 152.90 Td (9.0%) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 163.11 152.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 165.24 152.90 Td (federal ) Tj ET Q
q 0 0 0 rg BT 190.95 152.90 Td (impact ) Tj ET Q
q 0 0 0 rg BT 216.21 152.90 Td (\() Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 219.04 152.90 Td (9.7%) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 236.75 152.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 238.87 152.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 273.10 152.90 Td (state ) Tj ET Q
q 0 0 0 rg BT 290.81 152.90 Td (impact\) ) Tj ET Q
q 0 0 0 rg BT 318.89 152.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 328.10 152.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 334.00 152.90 Td (non-deductible ) Tj ET Q
q 0 0 0 rg BT 387.11 152.90 Td (char) Tj ET Q
q 0 0 0 rg BT 401.58 152.90 Td (ge ) Tj ET Q
q 0 0 0 rg BT 411.73 152.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 423.76 152.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 429.66 152.90 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 466.72 152.90 Td (matter ) Tj ET Q
q 0 0 0 rg BT 490.55 152.90 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 525.26 152.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 534.00 152.90 Td (Note ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 552.65 152.90 Td (9) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 556.90 152.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 127.70 Td (On ) Tj ET Q
q 0 0 0 rg BT 64.67 127.70 Td (December ) Tj ET Q
q 0 0 0 rg BT 110.15 127.70 Td (22, ) Tj ET Q
q 0 0 0 rg BT 125.61 127.70 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 151.57 127.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.56 127.70 Td (T) Tj ET Q
q 0 0 0 rg BT 172.25 127.70 Td (ax ) Tj ET Q
q 0 0 0 rg BT 184.49 127.70 Td (Law ) Tj ET Q
q 0 0 0 rg BT 205.49 127.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 224.15 127.70 Td (enacted. ) Tj ET Q
q 0 0 0 rg BT 261.17 127.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 263.34 127.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 281.83 127.70 Td (T) Tj ET Q
q 0 0 0 rg BT 287.52 127.70 Td (ax ) Tj ET Q
q 0 0 0 rg BT 299.76 127.70 Td (Law ) Tj ET Q
q 0 0 0 rg BT 320.76 127.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 330.10 127.70 Td (complex, ) Tj ET Q
q 0 0 0 rg BT 371.21 127.70 Td (materially ) Tj ET Q
q 0 0 0 rg BT 416.12 127.70 Td (changed ) Tj ET Q
q 0 0 0 rg BT 453.44 127.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 468.60 127.70 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 489.61 127.70 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 531.59 127.70 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 115.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 64.12 115.10 Td (rate ) Tj ET Q
q 0 0 0 rg BT 81.64 115.10 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 103.84 115.10 Td (35%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 123.09 115.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 124.88 115.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 134.84 115.10 Td (21%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 154.08 115.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 155.87 115.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 172.82 115.10 Td (included ) Tj ET Q
q 0 0 0 rg BT 210.77 115.10 Td (various ) Tj ET Q
q 0 0 0 rg BT 243.47 115.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 266.83 115.10 Td (changes ) Tj ET Q
q 0 0 0 rg BT 302.44 115.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 329.89 115.10 Td (impact ) Tj ET Q
q 0 0 0 rg BT 360.25 115.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 383.62 115.10 Td (Mason. ) Tj ET Q
q 0 0 0 rg BT 416.62 115.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 418.28 115.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 436.39 115.10 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 477.83 115.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 487.79 115.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.41 115.10 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 522.87 115.10 Td (corporate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 102.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 64.83 102.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 83.07 102.50 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 118.81 102.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 129.48 102.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 136.65 102.50 Td (one-time, ) Tj ET Q
q 0 0 0 rg BT 179.10 102.50 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 219.50 102.50 Td (provisional ) Tj ET Q
q 0 0 0 rg BT 269.25 102.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 284.59 102.50 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 316.24 102.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 327.49 102.50 Td ($220,935) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.87 102.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 369.37 102.50 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 417.93 102.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 428.60 102.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.93 102.50 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 476.17 102.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 503.74 102.50 Td (December ) Tj ET Q
q 0 0 0 rg BT 549.39 102.50 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 89.90 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 75.16 89.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 92.35 89.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 102.56 89.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 117.42 89.90 Td (re-measurement ) Tj ET Q
q 0 0 0 rg BT 187.08 89.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.86 89.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 228.46 89.90 Td (existing ) Tj ET Q
q 0 0 0 rg BT 263.75 89.90 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 300.75 89.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 315.61 89.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 342.15 89.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 359.34 89.90 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 400.46 89.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 410.07 89.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.93 89.90 Td (new ) Tj ET Q
q 0 0 0 rg BT 444.46 89.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 477.40 89.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 492.26 89.90 Td (rate. ) Tj ET Q
q 0 0 0 rg BT 512.66 89.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 514.69 89.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 525.47 89.90 Td (addition, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 77.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.46 77.30 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 96.66 77.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 111.79 77.30 Td (char) Tj ET Q
q 0 0 0 rg BT 129.67 77.30 Td (ge ) Tj ET Q
q 0 0 0 rg BT 141.88 77.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 152.93 77.30 Td ($7,260) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 181.80 77.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 184.10 77.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 202.73 77.30 Td (provisionally ) Tj ET Q
q 0 0 0 rg BT 260.44 77.30 Td (provided ) Tj ET Q
q 0 0 0 rg BT 300.07 77.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 310.53 77.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.66 77.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 346.03 77.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 373.40 77.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 403.10 77.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 418.53 77.30 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 444.45 77.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 458.99 77.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 474.12 77.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 482.09 77.30 Td (fects ) Tj ET Q
q 0 0 0 rg BT 504.21 77.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 517.01 77.30 Td (unremitted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 64.70 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 82.58 64.70 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 120.92 64.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 138.84 64.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 163.18 64.70 Td (aspects ) Tj ET Q
q 0 0 0 rg BT 196.26 64.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.77 64.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.16 64.70 Td (T) Tj ET Q
q 0 0 0 rg BT 228.84 64.70 Td (ax ) Tj ET Q
q 0 0 0 rg BT 241.52 64.70 Td (Law) Tj ET Q
q 0 0 0 rg BT 259.49 64.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 264.88 64.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 267.64 64.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 291.98 64.70 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 323.48 64.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 330.33 64.70 Td (re-measurement ) Tj ET Q
q 0 0 0 rg BT 400.72 64.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 412.23 64.70 Td (its ) Tj ET Q
q 0 0 0 rg BT 424.91 64.70 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 462.65 64.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 478.24 64.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 505.50 64.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 523.42 64.70 Td (liabilities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 52.10 Td (has ) Tj ET Q
q 0 0 0 rg BT 65.65 52.10 Td (been ) Tj ET Q
q 0 0 0 rg BT 87.62 52.10 Td (completed ) Tj ET Q
q 0 0 0 rg BT 133.50 52.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 150.81 52.10 Td (no ) Tj ET Q
q 0 0 0 rg BT 163.46 52.10 Td (further ) Tj ET Q
q 0 0 0 rg BT 194.18 52.10 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 246.49 52.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 269.04 52.10 Td (necessary) Tj ET Q
q 0 0 0 rg BT 309.17 52.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 313.95 52.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 316.10 52.10 Td (Further) Tj ET Q
q 0 0 0 rg BT 346.59 52.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 351.36 52.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 375.08 52.10 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 411.80 52.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 460.01 52.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 474.41 52.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.38 52.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 504.36 52.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 517.01 52.10 Td (unremitted ) Tj ET Q
endstream
endobj
237 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 238 0 R>>
endobj
238 0 obj
<</Length 31565>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.30 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.16 31.25 Td (16) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 82.79 741.75 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 121.33 741.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 138.30 741.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 158.18 741.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 180.97 741.75 Td (completed ) Tj ET Q
q 0 0 0 rg BT 227.68 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 245.81 741.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 258.69 741.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 303.65 741.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 340.44 741.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 352.15 741.75 Td ($2,164) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 381.03 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 384.00 741.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 403.30 741.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 442.99 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 454.13 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 469.93 741.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 490.97 741.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 519.01 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 549.38 741.75 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (2019. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 89.04 703.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 122.17 703.95 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 145.98 703.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 161.03 703.95 Td (provided ) Tj ET Q
q 0 0 0 rg BT 200.58 703.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 215.05 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 230.11 703.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 238.08 703.95 Td (fects ) Tj ET Q
q 0 0 0 rg BT 260.13 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 271.11 703.95 Td (temporary ) Tj ET Q
q 0 0 0 rg BT 316.49 703.95 Td (dif) Tj ET Q
q 0 0 0 rg BT 327.96 703.95 Td (ferences ) Tj ET Q
q 0 0 0 rg BT 365.17 703.95 Td (between ) Tj ET Q
q 0 0 0 rg BT 402.38 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.44 703.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 432.50 703.95 Td (basis ) Tj ET Q
q 0 0 0 rg BT 455.73 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 466.71 703.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 478.85 703.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 501.49 703.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 512.47 703.95 Td (liability ) Tj ET Q
q 0 0 0 rg BT 547.36 703.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 61.30 691.35 Td (reported ) Tj ET Q
q 0 0 0 rg BT 98.16 691.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 131.54 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 141.58 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.29 691.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 213.58 691.35 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 249.27 691.35 Td (Sheets. ) Tj ET Q
q 0 0 0 rg BT 281.19 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 282.94 691.35 Td (These ) Tj ET Q
q 0 0 0 rg BT 309.89 691.35 Td (temporary ) Tj ET Q
q 0 0 0 rg BT 354.92 691.35 Td (dif) Tj ET Q
q 0 0 0 rg BT 366.39 691.35 Td (ferences ) Tj ET Q
q 0 0 0 rg BT 403.24 691.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 428.45 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 438.50 691.35 Td (taxable ) Tj ET Q
q 0 0 0 rg BT 470.69 691.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 481.32 691.35 Td (deductible ) Tj ET Q
q 0 0 0 rg BT 526.93 691.35 Td (amounts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.29 678.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 87.99 678.75 Td (years. ) Tj ET Q
q 0 0 0 rg BT 115.39 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 117.44 678.75 Td (A) Tj ET Q
q 0 0 0 rg BT 124.44 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 127.07 678.75 Td (summary ) Tj ET Q
q 0 0 0 rg BT 168.77 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.14 678.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 204.34 678.75 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 241.53 678.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 279.13 678.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 294.58 678.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 321.70 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 339.49 678.75 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 381.19 678.75 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 653.25 m
435 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 653.25 m
499 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 653.25 m
563 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 653.25 m
435 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 653.25 m
499 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 653.25 m
563 653.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 500.25 m
435 500.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 500.25 m
499 500.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 500.25 m
563 500.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 500.25 m
499 500.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 472.25 m
499 472.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 472.25 m
563 472.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 472.25 m
435 472.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 458.25 m
435 458.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 472.25 m
499 472.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 458.25 m
499 458.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 472.25 m
563 472.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 458.25 m
563 458.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 380.25 m
435 380.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 366.25 m
435 366.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 380.25 m
499 380.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 366.25 m
499 366.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 380.25 m
563 380.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 366.25 m
563 366.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 352.25 m
435 352.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 366.25 m
499 366.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439 352.25 m
499 352.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 352.25 m
563 352.25 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 458.00 658.04 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.00 658.02 Td (2019) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 643.64 Td (DEFERRED ) Tj ET Q
q 0 0 0 rg BT 112.79 643.64 Td (T) Tj ET Q
q 0 0 0 rg BT 119.31 643.64 Td (AX ) Tj ET Q
q 0 0 0 rg BT 136.42 643.64 Td (ASSETS) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 630.47 Td (Accrued compensation and benefits) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 441.50 630.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 460.85 630.64 Td (178,571) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.50 630.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 630.47 Td (182,734) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 616.47 Td (Accrued expenses) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 466.10 616.64 Td (33,952) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 616.47 Td (30,176) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 602.47 Td (Basis dif) Tj ET Q
q 0 0 0 rg BT 89.45 602.47 Td (ferences, principally for intangible assets and goodwill) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 466.10 602.64 Td (32,900) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 602.47 Td (23,480) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 588.47 Td (Operating loss carryforwards) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 460.85 588.64 Td (321,022) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 588.47 Td (325,282) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 574.47 Td (Foreign tax credit carryforward) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 460.85 574.64 Td (266,671) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 574.47 Td (266,128) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 560.47 Td (Federal benefit of uncertain tax positions) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 471.35 560.64 Td (2,421) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 560.47 Td (6,798) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 546.47 Td (Mutual fund launch costs) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 466.10 546.64 Td (1) Tj ET Q
q 0 0 0 rg BT 471.35 546.64 Td (1,632) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 546.47 Td (12,926) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 532.47 Td (Martin Currie defined benefit pension liability) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 471.35 532.64 Td (5,253) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 532.47 Td (8,694) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 518.47 Td (Lease liability \(net in 2019\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 466.10 518.64 Td (67,648) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 518.47 Td (9,785) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 504.47 Td (Other) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 471.35 504.64 Td (9,294) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 504.47 Td (1,954) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 490.47 Td (Deferred tax assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 460.85 490.64 Td (929,364) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 490.47 Td (867,957) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 476.47 Td (V) Tj ET Q
q 0 0 0 rg BT 59.50 476.47 Td (aluation allowance) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.35 476.64 Td (\(137,155) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 495.00 476.64 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.35 476.47 Td (\(134,209) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.00 476.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 462.47 Td (Deferred tax assets after valuation allowance) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 441.50 462.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 460.85 462.64 Td (792,209) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.50 462.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 462.47 Td (733,748) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 444.04 Td (DEFERRED ) Tj ET Q
q 0 0 0 rg BT 112.69 444.04 Td (T) Tj ET Q
q 0 0 0 rg BT 118.92 444.04 Td (AX LIABILITIES) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 429.47 Td (Depreciation and amortization) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 441.50 429.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 460.85 429.64 Td (714,693) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.50 429.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 429.47 Td (636,230) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 415.02 Td (Net unrealized gains \(losses\) from investments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 467.85 415.04 Td (\(1,042) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 495.00 415.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 415.02 Td (2,007) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 400.02 Td (ROU asset adjustment) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 466.10 400.04 Td (54,618) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.50 400.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 385.02 Td (Basis dif) Tj ET Q
q 0 0 0 rg BT 89.45 385.02 Td (ferences in partnerships) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 466.10 385.04 Td (27,001) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 385.02 Td (19,214) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 370.47 Td (Deferred tax liabilities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 460.85 370.64 Td (795,270) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 370.47 Td (657,451) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 356.47 Td (Net deferred tax assets \(liabilities\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 441.50 356.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 467.85 356.64 Td (\(3,061) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 495.00 356.64 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.50 356.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 356.47 Td (76,297) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 327.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 72.93 327.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 103.37 327.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 119.22 327.55 Td (various ) Tj ET Q
q 0 0 0 rg BT 151.98 327.55 Td (loss ) Tj ET Q
q 0 0 0 rg BT 170.17 327.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 187.19 327.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 201.87 327.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 227.63 327.55 Td (carryforwards ) Tj ET Q
q 0 0 0 rg BT 288.36 327.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 305.96 327.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 325.90 327.55 Td (provide ) Tj ET Q
q 0 0 0 rg BT 359.82 327.55 Td (future ) Tj ET Q
q 0 0 0 rg BT 386.75 327.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 401.43 327.55 Td (benefits. ) Tj ET Q
q 0 0 0 rg BT 439.15 327.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 441.00 327.55 Td (Related ) Tj ET Q
q 0 0 0 rg BT 474.92 327.55 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 515.85 327.55 Td (allowances ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 314.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.59 314.95 Td (established ) Tj ET Q
q 0 0 0 rg BT 113.52 314.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 123.95 314.95 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 173.43 314.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 194.37 314.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 242.71 314.95 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 282.88 314.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 297.39 314.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 330.57 314.95 Td (taxes, ) Tj ET Q
q 0 0 0 rg BT 357.04 314.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 365.72 314.95 Td (it ) Tj ET Q
q 0 0 0 rg BT 373.83 314.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 383.10 314.95 Td (management's ) Tj ET Q
q 0 0 0 rg BT 444.99 314.95 Td (opinion ) Tj ET Q
q 0 0 0 rg BT 479.35 314.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 497.36 314.95 Td (it ) Tj ET Q
q 0 0 0 rg BT 505.47 314.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 514.74 314.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 538.59 314.95 Td (likely ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 302.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 70.16 302.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 86.16 302.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 104.49 302.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 128.64 302.35 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 164.46 302.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 183.38 302.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 199.38 302.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 211.87 302.35 Td (realized. ) Tj ET Q
q 0 0 0 rg BT 250.30 302.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 252.70 302.35 Td (T) Tj ET Q
q 0 0 0 rg BT 258.38 302.35 Td (o ) Tj ET Q
q 0 0 0 rg BT 266.21 302.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 281.62 302.35 Td (extent ) Tj ET Q
q 0 0 0 rg BT 309.86 302.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.27 302.35 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 361.68 302.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 373.01 302.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.42 302.35 Td (realization ) Tj ET Q
q 0 0 0 rg BT 435.31 302.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 446.63 302.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 484.19 302.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 499.60 302.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 526.68 302.35 Td (relies ) Tj ET Q
q 0 0 0 rg BT 552.00 302.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 565.12 302.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 289.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 86.17 289.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 100.70 289.75 Td (liabilities, ) Tj ET Q
q 0 0 0 rg BT 144.11 289.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 167.39 289.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 197.67 289.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 213.37 289.75 Td (considered ) Tj ET Q
q 0 0 0 rg BT 260.56 289.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.09 289.75 Td (timing, ) Tj ET Q
q 0 0 0 rg BT 306.83 289.75 Td (nature, ) Tj ET Q
q 0 0 0 rg BT 337.40 289.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 354.26 289.75 Td (jurisdiction ) Tj ET Q
q 0 0 0 rg BT 403.79 289.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 414.24 289.75 Td (reversals, ) Tj ET Q
q 0 0 0 rg BT 455.88 289.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 497.25 289.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 524.02 289.75 Td (increases ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 277.15 Td (relating ) Tj ET Q
q 0 0 0 rg BT 84.56 277.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 95.72 277.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 111.54 277.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 127.35 277.15 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 183.41 277.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.15 277.15 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 235.47 277.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 253.62 277.15 Td (indefinite-life ) Tj ET Q
q 0 0 0 rg BT 314.34 277.15 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 359.32 277.15 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 389.44 277.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 401.17 277.15 Td (well ) Tj ET Q
q 0 0 0 rg BT 422.24 277.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 433.98 277.15 Td (planning ) Tj ET Q
q 0 0 0 rg BT 473.72 277.15 Td (strategies ) Tj ET Q
q 0 0 0 rg BT 516.36 277.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 527.52 277.15 Td (measure ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 264.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 264.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 92.65 264.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 108.10 264.55 Td (realizability ) Tj ET Q
q 0 0 0 rg BT 160.87 264.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 172.24 264.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 184.79 264.55 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 222.39 264.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 237.84 264.55 Td (assets.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 239.35 Td (Intangible ) Tj ET Q
q 0 0 0 rg BT 95.63 239.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 119.60 239.35 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 171.56 239.35 Td (char) Tj ET Q
q 0 0 0 rg BT 189.44 239.35 Td (ges ) Tj ET Q
q 0 0 0 rg BT 206.99 239.35 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 256.60 239.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 267.74 239.35 Td (EnT) Tj ET Q
q 0 0 0 rg BT 285.45 239.35 Td (rust ) Tj ET Q
q 0 0 0 rg BT 304.75 239.35 Td (Global ) Tj ET Q
q 0 0 0 rg BT 336.89 239.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 367.86 239.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.24 239.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 405.87 239.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 434.50 239.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 465.46 239.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 482.14 239.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 509.32 239.35 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 546.12 239.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 557.84 239.35 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 226.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 86.97 226.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 102.30 226.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 125.21 226.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 136.46 226.75 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 141.71 226.75 Td (53,764) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 170.58 226.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 173.08 226.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 187.82 226.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.15 226.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 234.21 226.75 Td (basis ) Tj ET Q
q 0 0 0 rg BT 257.71 226.75 Td (dif) Tj ET Q
q 0 0 0 rg BT 269.19 226.75 Td (ference ) Tj ET Q
q 0 0 0 rg BT 302.57 226.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 313.24 226.75 Td (partnership ) Tj ET Q
q 0 0 0 rg BT 362.98 226.75 Td (investments. ) Tj ET Q
q 0 0 0 rg BT 418.27 226.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 420.58 226.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 439.41 226.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 470.47 226.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 507.94 226.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 523.27 226.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 546.18 226.75 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 214.15 Td ($54,1) Tj ET Q
q 0 0 0 rg BT 72.74 214.15 Td (12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.24 214.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.86 214.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 97.23 214.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.60 214.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 138.63 214.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 154.38 214.15 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 180.63 214.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 183.26 214.15 Td (See ) Tj ET Q
q 0 0 0 rg BT 201.04 214.15 Td (Note ) Tj ET Q
q 0 0 0 rg BT 224.08 214.15 Td (5 ) Tj ET Q
q 0 0 0 rg BT 231.96 214.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 246.82 214.15 Td (additional ) Tj ET Q
q 0 0 0 rg BT 291.44 214.15 Td (information ) Tj ET Q
q 0 0 0 rg BT 343.64 214.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 374.83 214.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 385.62 214.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 409.82 214.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 460.85 214.15 Td (char) Tj ET Q
q 0 0 0 rg BT 478.73 214.15 Td (ges. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 188.95 Td (Substantially ) Tj ET Q
q 0 0 0 rg BT 106.62 188.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 119.40 188.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.43 188.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 154.28 188.95 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 191.13 188.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 228.38 188.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 243.49 188.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 270.27 188.95 Td (relate ) Tj ET Q
q 0 0 0 rg BT 295.87 188.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 306.32 188.95 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 327.28 188.95 Td (federal, ) Tj ET Q
q 0 0 0 rg BT 361.33 188.95 Td (state ) Tj ET Q
q 0 0 0 rg BT 382.85 188.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 400.29 188.95 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 422.99 188.95 Td (taxing ) Tj ET Q
q 0 0 0 rg BT 451.52 188.95 Td (jurisdictions. ) Tj ET Q
q 0 0 0 rg BT 508.35 188.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
510.42 196.23 24.69 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 510.13 188.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 524.08 188.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
535.11 196.23 30.03 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 535.11 188.95 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
49.50 183.63 37.06 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 49.50 176.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 65.56 176.35 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
86.56 183.63 189.31 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 86.56 176.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 92.11 176.35 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 113.72 176.35 Td (federal ) Tj ET Q
q 0 0 0 rg BT 145.79 176.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 183.69 176.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 199.45 176.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 226.88 176.35 Td (aggregated ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
275.87 183.63 38.99 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 275.87 176.35 Td ($627,41) Tj ET Q
q 0 0 0 rg BT 309.60 176.35 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
314.85 183.63 250.28 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 314.85 176.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 320.41 176.35 Td (realization ) Tj ET Q
q 0 0 0 rg BT 367.65 176.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 379.33 176.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 407.92 176.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 417.86 176.35 Td (expected ) Tj ET Q
q 0 0 0 rg BT 458.10 176.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 469.20 176.35 Td (require ) Tj ET Q
q 0 0 0 rg BT 501.86 176.35 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
49.50 171.03 47.25 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 49.50 163.75 Td ($3,213,000) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
96.75 171.03 282.67 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 96.75 163.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 99.19 163.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 110.38 163.75 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 131.49 163.75 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 169.50 163.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 190.60 163.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 205.87 163.75 Td (next ) Tj ET Q
q 0 0 0 rg BT 226.39 163.75 Td (eight ) Tj ET Q
q 0 0 0 rg BT 249.82 163.75 Td (years, ) Tj ET Q
q 0 0 0 rg BT 277.04 163.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 288.23 163.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 316.33 163.75 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
379.42 171.03 39.38 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 379.42 163.75 Td ($349,000) Tj ET Q
BT /F1 10.50 Tf ET
1 1 1 rg
/GS0 gs
418.80 171.03 143.71 -9.55 re f
/GS0 gs
q 0 0 0 rg BT 418.80 163.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 421.24 163.75 Td (must ) Tj ET Q
q 0 0 0 rg BT 444.10 163.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 456.45 163.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 489.21 163.75 Td (sourced ) Tj ET Q
q 0 0 0 rg BT 524.31 163.75 Td (earnings.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 151.15 Td (Based ) Tj ET Q
q 0 0 0 rg BT 77.32 151.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 89.97 151.15 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 131.20 151.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 142.11 151.15 Td (future ) Tj ET Q
q 0 0 0 rg BT 169.33 151.15 Td (taxable ) Tj ET Q
q 0 0 0 rg BT 201.81 151.15 Td (income, ) Tj ET Q
q 0 0 0 rg BT 237.49 151.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 262.40 151.15 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 316.48 151.15 Td (similar ) Tj ET Q
q 0 0 0 rg BT 347.80 151.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 358.12 151.15 Td (those ) Tj ET Q
q 0 0 0 rg BT 382.44 151.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 403.85 151.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 414.17 151.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 437.90 151.15 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 474.62 151.15 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 514.11 151.15 Td (impairment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 138.55 Td (testing, ) Tj ET Q
q 0 0 0 rg BT 82.63 138.55 Td (it ) Tj ET Q
q 0 0 0 rg BT 90.97 138.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 100.47 138.55 Td (more ) Tj ET Q
q 0 0 0 rg BT 124.55 138.55 Td (likely ) Tj ET Q
q 0 0 0 rg BT 150.97 138.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 171.55 138.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 187.47 138.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 205.72 138.55 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 261.30 138.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 274.30 138.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.55 138.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 300.89 138.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 333.12 138.55 Td (federal ) Tj ET Q
q 0 0 0 rg BT 364.77 138.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 380.10 138.55 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 415.84 138.55 Td (relating ) Tj ET Q
q 0 0 0 rg BT 450.41 138.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 461.09 138.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 476.42 138.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 518.57 138.55 Td (losses ) Tj ET Q
q 0 0 0 rg BT 546.16 138.55 Td (will ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 125.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 62.38 125.95 Td (realized. ) Tj ET Q
q 0 0 0 rg BT 101.19 125.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.95 125.95 Td (W) Tj ET Q
q 0 0 0 rg BT 113.44 125.95 Td (ith ) Tj ET Q
q 0 0 0 rg BT 127.49 125.95 Td (respect ) Tj ET Q
q 0 0 0 rg BT 160.19 125.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 171.32 125.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 209.26 125.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 225.06 125.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 252.52 125.95 Td (relating ) Tj ET Q
q 0 0 0 rg BT 287.56 125.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 298.70 125.95 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 331.98 125.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 347.78 125.95 Td (credit ) Tj ET Q
q 0 0 0 rg BT 374.65 125.95 Td (carryforwards, ) Tj ET Q
q 0 0 0 rg BT 439.13 125.95 Td (it ) Tj ET Q
q 0 0 0 rg BT 447.93 125.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 457.90 125.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 482.44 125.95 Td (likely ) Tj ET Q
q 0 0 0 rg BT 509.32 125.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 530.37 125.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 546.75 125.95 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 113.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 64.52 113.35 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 99.95 113.35 Td (relating ) Tj ET Q
q 0 0 0 rg BT 134.22 113.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 144.58 113.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.60 113.35 Td (utilization ) Tj ET Q
q 0 0 0 rg BT 204.37 113.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 215.31 113.35 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 278.15 113.35 Td ($2,400) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.02 113.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 309.22 113.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 320.15 113.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 352.67 113.35 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 376.44 113.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 387.38 113.35 Td (credits ) Tj ET Q
q 0 0 0 rg BT 417.56 113.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 436.09 113.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 451.70 113.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 463.80 113.35 Td (realized ) Tj ET Q
q 0 0 0 rg BT 499.22 113.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 516.57 113.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 523.43 113.35 Td (valuation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 100.75 Td (allowance ) Tj ET Q
q 0 0 0 rg BT 95.71 100.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 113.36 100.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 136.83 100.75 Td (established. ) Tj ET Q
q 0 0 0 rg BT 189.76 100.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 193.41 100.75 Td (Further) Tj ET Q
q 0 0 0 rg BT 223.90 100.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 230.17 100.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 246.65 100.75 Td (Company's ) Tj ET Q
q 0 0 0 rg BT 297.11 100.75 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 339.83 100.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 358.64 100.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 414.21 100.75 Td (do ) Tj ET Q
q 0 0 0 rg BT 428.36 100.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 445.43 100.75 Td (contemplate ) Tj ET Q
q 0 0 0 rg BT 500.39 100.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 537.85 100.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.67 100.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 88.15 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 95.29 88.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.08 88.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 129.70 88.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 160.33 88.15 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 187.17 88.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 214.88 88.15 Td (could, ) Tj ET Q
q 0 0 0 rg BT 242.87 88.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 253.09 88.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 283.70 88.15 Td (circumstances, ) Tj ET Q
q 0 0 0 rg BT 347.84 88.15 Td (limit ) Tj ET Q
q 0 0 0 rg BT 369.73 88.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.60 88.15 Td (utilization ) Tj ET Q
q 0 0 0 rg BT 429.22 88.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 440.01 88.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 454.89 88.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 496.59 88.15 Td (loss ) Tj ET Q
q 0 0 0 rg BT 514.97 88.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 532.18 88.15 Td (foreign ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 75.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 64.27 75.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 90.11 75.55 Td (benefits. ) Tj ET Q
q 0 0 0 rg BT 127.92 75.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 129.43 75.55 Td (Any ) Tj ET Q
q 0 0 0 rg BT 149.45 75.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 170.64 75.55 Td (limitation ) Tj ET Q
q 0 0 0 rg BT 213.41 75.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 241.60 75.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 272.12 75.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.89 75.55 Td (timing ) Tj ET Q
q 0 0 0 rg BT 316.25 75.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 326.93 75.55 Td (amount ) Tj ET Q
q 0 0 0 rg BT 360.37 75.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.06 75.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 385.83 75.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 427.42 75.55 Td (loss ) Tj ET Q
q 0 0 0 rg BT 445.70 75.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 456.39 75.55 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 488.65 75.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 503.42 75.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 529.26 75.55 Td (benefits ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 62.95 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 94.70 62.95 Td (realized ) Tj ET Q
q 0 0 0 rg BT 130.55 62.95 Td (before ) Tj ET Q
q 0 0 0 rg BT 159.99 62.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 180.69 62.95 Td (expire.) Tj ET Q
endstream
endobj
239 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 240 0 R>>
endobj
240 0 obj
<</Length 21803>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.30 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.16 31.25 Td (17) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.31 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 76.21 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 106.76 741.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 123.03 741.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 149.80 741.75 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 171.62 741.75 Td (state ) Tj ET Q
q 0 0 0 rg BT 194.00 741.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 232.12 741.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 248.10 741.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 275.74 741.75 Td (aggregated ) Tj ET Q
q 0 0 0 rg BT 324.94 741.75 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 388.73 741.75 Td ($238,337) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 428.11 741.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 433.88 741.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 449.85 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 461.75 741.75 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 503.97 741.75 Td (allowances ) Tj ET Q
q 0 0 0 rg BT 553.76 741.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td ($91,653) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.63 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 88.64 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 106.18 729.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 128.97 729.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 170.43 729.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 201.38 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 211.93 729.15 Td (state ) Tj ET Q
q 0 0 0 rg BT 233.56 729.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 248.77 729.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 290.81 729.15 Td (loss ) Tj ET Q
q 0 0 0 rg BT 309.53 729.15 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 345.16 729.15 Td (generated ) Tj ET Q
q 0 0 0 rg BT 388.35 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 398.90 729.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 429.85 729.15 Td (jurisdictions ) Tj ET Q
q 0 0 0 rg BT 484.15 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 494.71 729.15 Td (cases ) Tj ET Q
q 0 0 0 rg BT 519.25 729.15 Td (where ) Tj ET Q
q 0 0 0 rg BT 547.28 729.15 Td (it ) Tj ET Q
q 0 0 0 rg BT 555.50 729.15 Td (is ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (more ) Tj ET Q
q 0 0 0 rg BT 73.70 716.55 Td (likely ) Tj ET Q
q 0 0 0 rg BT 100.24 716.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 118.61 716.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 142.81 716.55 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 178.67 716.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 197.63 716.55 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 242.83 716.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 258.88 716.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 271.41 716.55 Td (realized.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.39 691.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 101.01 691.35 Td (jurisdictions, ) Tj ET Q
q 0 0 0 rg BT 158.85 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.98 691.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 191.10 691.35 Td (increase ) Tj ET Q
q 0 0 0 rg BT 228.80 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 240.26 691.35 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 282.64 691.35 Td (allowances ) Tj ET Q
q 0 0 0 rg BT 332.58 691.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 344.63 691.35 Td ($3,750) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.50 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 376.80 691.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 407.52 691.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 433.55 691.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 460.48 691.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 480.11 691.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 522.48 691.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 554.34 691.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 83.21 678.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 105.25 678.75 Td (increases ) Tj ET Q
q 0 0 0 rg BT 147.70 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 159.85 678.75 Td (carried ) Tj ET Q
q 0 0 0 rg BT 192.96 678.75 Td (forward ) Tj ET Q
q 0 0 0 rg BT 230.17 678.75 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 254.56 678.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 289.44 678.75 Td (deductions ) Tj ET Q
q 0 0 0 rg BT 338.91 678.75 Td (of) Tj ET Q
q 0 0 0 rg BT 347.47 678.75 Td (fset ) Tj ET Q
q 0 0 0 rg BT 366.60 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 378.74 678.75 Td (part ) Tj ET Q
q 0 0 0 rg BT 399.04 678.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 413.52 678.75 Td (unrealized ) Tj ET Q
q 0 0 0 rg BT 461.22 678.75 Td (gains/losses ) Tj ET Q
q 0 0 0 rg BT 515.36 678.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 529.84 678.75 Td (pension ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (liabilities.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 640.95 Td (following ) Tj ET Q
q 0 0 0 rg BT 111.91 640.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 149.50 640.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 164.96 640.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 192.08 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 209.87 640.95 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 251.56 640.95 Td (allowances ) Tj ET Q
q 0 0 0 rg BT 300.84 640.95 Td (relating ) Tj ET Q
q 0 0 0 rg BT 335.53 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 346.32 640.95 Td (carryforwards ) Tj ET Q
q 0 0 0 rg BT 407.83 640.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 430.28 640.95 Td (been ) Tj ET Q
q 0 0 0 rg BT 452.73 640.95 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 492.08 640.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 502.28 640.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 532.31 640.95 Td (31:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 604.45 m
340 604.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
344 604.45 m
404 604.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408 604.45 m
468 604.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
472 604.45 m
562 604.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 604.45 m
340 604.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
344 604.45 m
404 604.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408 604.45 m
468 604.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 520.45 m
340 520.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 506.45 m
340 506.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
344 520.45 m
404 520.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
344 506.45 m
404 506.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408 520.45 m
468 520.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408 506.45 m
468 506.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 427.45 m
340 427.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
344 427.45 m
404 427.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408 427.45 m
468 427.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
344 399.45 m
404 399.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408 399.45 m
468 399.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 399.45 m
340 399.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 385.45 m
340 385.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
344 399.45 m
404 399.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
344 385.45 m
404 385.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408 399.45 m
468 399.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408 385.45 m
468 385.45 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 363.00 609.24 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 427.00 609.22 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.25 620.67 Td (Expires Beginning) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 482.20 609.17 Td (after Fiscal ) Tj ET Q
q 0 0 0 rg BT 531.37 609.17 Td (Y) Tj ET Q
q 0 0 0 rg BT 537.91 609.17 Td (ear) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 594.84 Td (DEFERRED ) Tj ET Q
q 0 0 0 rg BT 112.79 594.84 Td (T) Tj ET Q
q 0 0 0 rg BT 119.31 594.84 Td (AX ) Tj ET Q
q 0 0 0 rg BT 136.42 594.84 Td (ASSETS) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 580.67 Td (U.S. federal net operating losses) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 346.50 580.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.10 580.84 Td (36,639) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.50 580.67 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.10 580.67 Td (38,402) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 580.67 Td (2033) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 566.67 Td (U.S. federal foreign tax credits) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 365.85 566.84 Td (266,671) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.85 566.67 Td (266,128) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 566.67 Td (2022) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 552.67 Td (U.S. state net operating losses ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 187.11 557.43 Td (\(1,2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 365.85 552.84 Td (260,804) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.85 552.67 Td (263,870) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 552.67 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 538.67 Td (U.S. state tax credits) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 384.25 538.84 Td (528) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.25 538.67 Td (444) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 538.67 Td (2022) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 524.67 Td (Foreign net operating losses) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.10 524.84 Td (23,579) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.10 524.67 Td (23,009) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 524.67 Td (2028) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 510.67 Td (T) Tj ET Q
q 0 0 0 rg BT 58.55 510.67 Td (otal deferred tax assets for carryforwards) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 346.50 510.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 365.85 510.84 Td (588,221) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.50 510.67 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.85 510.67 Td (591,853) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 488.24 Td (V) Tj ET Q
q 0 0 0 rg BT 58.73 488.24 Td (ALUA) Tj ET Q
q 0 0 0 rg BT 87.70 488.24 Td (TION ) Tj ET Q
q 0 0 0 rg BT 116.59 488.24 Td (ALLOW) Tj ET Q
q 0 0 0 rg BT 155.68 488.24 Td (ANCES) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 473.67 Td (U.S. federal net operating losses) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 346.50 473.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.35 473.84 Td (2,155) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.50 473.67 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.35 473.67 Td (2,027) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 459.67 Td (U.S. federal foreign tax credits) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.35 459.84 Td (2,400) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.35 459.67 Td (1,800) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 445.67 Td (U.S. state net operating losses) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.10 445.84 Td (91,653) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.10 445.67 Td (93,185) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 431.67 Td (Foreign net operating losses) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.10 431.84 Td (10,744) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.10 431.67 Td (1) Tj ET Q
q 0 0 0 rg BT 440.35 431.67 Td (1,792) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 417.67 Td (V) Tj ET Q
q 0 0 0 rg BT 59.50 417.67 Td (aluation allowances for carryforwards) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 365.85 417.84 Td (106,952) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.85 417.67 Td (108,804) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 403.67 Td (Foreign other deferred assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.10 403.84 Td (30,203) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.10 403.67 Td (25,405) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 389.67 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 389.67 Td (otal valuation allowances) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 346.50 389.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 365.85 389.84 Td (137,155) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.50 389.67 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.85 389.67 Td (134,209) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 375.75 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 67.50 375.75 Td (Substantially ) Tj ET Q
q 0 0 0 rg BT 114.02 375.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 124.64 375.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.84 375.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.35 375.75 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 163.59 375.75 Td (state ) Tj ET Q
q 0 0 0 rg BT 181.30 375.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 193.81 375.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 228.03 375.75 Td (losses ) Tj ET Q
q 0 0 0 rg BT 250.47 375.75 Td (carryforward ) Tj ET Q
q 0 0 0 rg BT 296.95 375.75 Td (through ) Tj ET Q
q 0 0 0 rg BT 325.52 375.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 346.05 375.75 Td (2035.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 365.55 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 67.50 365.55 Td (Due ) Tj ET Q
q 0 0 0 rg BT 83.92 365.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 92.79 365.55 Td (potential ) Tj ET Q
q 0 0 0 rg BT 124.80 365.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 136.97 365.55 Td (change ) Tj ET Q
q 0 0 0 rg BT 163.30 365.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 172.17 365.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 184.82 365.55 Td (factors ) Tj ET Q
q 0 0 0 rg BT 210.21 365.55 Td (relating ) Tj ET Q
q 0 0 0 rg BT 238.43 365.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 247.30 365.55 Td (apportionment ) Tj ET Q
q 0 0 0 rg BT 299.14 365.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 308.48 365.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 335.76 365.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 344.63 365.55 Td (various ) Tj ET Q
q 0 0 0 rg BT 371.91 365.55 Td (states, ) Tj ET Q
q 0 0 0 rg BT 395.19 365.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 414.91 365.55 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 445.15 365.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 451.60 365.55 Td (fective ) Tj ET Q
q 0 0 0 rg BT 476.99 365.55 Td (state ) Tj ET Q
q 0 0 0 rg BT 494.82 365.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 507.47 365.55 Td (rates ) Tj ET Q
q 0 0 0 rg BT 525.78 365.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 538.41 365.55 Td (subject ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 355.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 76.41 355.35 Td (fluctuation ) Tj ET Q
q 0 0 0 rg BT 115.54 355.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 138.62 355.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 154.14 355.35 Td (impact ) Tj ET Q
q 0 0 0 rg BT 179.58 355.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.26 355.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 212.97 355.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 222.36 355.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 235.04 355.35 Td (Company's ) Tj ET Q
q 0 0 0 rg BT 275.24 355.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 305.85 355.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 318.54 355.35 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 342.80 355.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 377.21 355.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 389.90 355.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 424.30 355.35 Td (losses, ) Tj ET Q
q 0 0 0 rg BT 449.03 355.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 463.61 355.35 Td (could ) Tj ET Q
q 0 0 0 rg BT 484.80 355.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 503.14 355.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 509.22 355.35 Td (material ) Tj ET Q
q 0 0 0 rg BT 539.37 355.35 Td (impact ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 345.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 78.13 345.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 90.63 345.15 Td (future ) Tj ET Q
q 0 0 0 rg BT 113.06 345.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 119.51 345.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 144.75 345.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 157.26 345.15 Td (rate ) Tj ET Q
q 0 0 0 rg BT 172.13 345.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 181.33 345.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.84 345.15 Td (Company) Tj ET Q
q 0 0 0 rg BT 226.34 345.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 319.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.41 319.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 106.32 319.95 Td (had ) Tj ET Q
q 0 0 0 rg BT 124.82 319.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 146.81 319.95 Td (gross ) Tj ET Q
q 0 0 0 rg BT 172.31 319.95 Td (unrecognized ) Tj ET Q
q 0 0 0 rg BT 232.20 319.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 248.36 319.95 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 284.94 319.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 297.01 319.95 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.00 319.95 Td ($55,465) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.12 319.95 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.08 319.95 Td ($78,776) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.20 319.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 438.54 319.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.03 319.95 Td ($62,728) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 491.15 319.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 494.49 319.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 506.57 319.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.65 319.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 549.38 319.95 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 307.35 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 307.35 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.61 307.35 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 96.61 307.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 101.72 307.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 119.37 307.35 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 140.37 307.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 145.48 307.35 Td (respectively) Tj ET Q
q 0 0 0 rg BT 195.53 307.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 200.64 307.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 203.13 307.35 Td (Of ) Tj ET Q
q 0 0 0 rg BT 216.69 307.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 240.76 307.35 Td (totals, ) Tj ET Q
q 0 0 0 rg BT 268.62 307.35 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.75 307.35 Td ($49,595) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.88 307.35 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.99 307.35 Td ($67,923) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 405.11 307.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 407.60 307.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.25 307.35 Td ($52,772) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.37 307.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 464.49 307.35 Td (respectively) Tj ET Q
q 0 0 0 rg BT 514.53 307.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 519.64 307.35 Td (\(net ) Tj ET Q
q 0 0 0 rg BT 538.46 307.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.69 307.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 294.75 Td (federal ) Tj ET Q
q 0 0 0 rg BT 80.38 294.75 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 111.28 294.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 125.26 294.75 Td (state ) Tj ET Q
q 0 0 0 rg BT 146.25 294.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 160.82 294.75 Td (liabilities\) ) Tj ET Q
q 0 0 0 rg BT 205.14 294.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 219.70 294.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.27 294.75 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 271.59 294.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 282.08 294.75 Td (unrecognized ) Tj ET Q
q 0 0 0 rg BT 340.38 294.75 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 375.36 294.75 Td (which, ) Tj ET Q
q 0 0 0 rg BT 405.38 294.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 413.54 294.75 Td (recognized, ) Tj ET Q
q 0 0 0 rg BT 463.96 294.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 491.96 294.75 Td (favorably ) Tj ET Q
q 0 0 0 rg BT 533.93 294.75 Td (impact ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 282.15 Td (future ) Tj ET Q
q 0 0 0 rg BT 78.42 282.15 Td (income ) Tj ET Q
q 0 0 0 rg BT 113.18 282.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 129.85 282.15 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 177.46 282.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 196.47 282.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 204.43 282.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 236.85 282.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 253.52 282.15 Td (rates. ) Tj ET Q
q 0 0 0 rg BT 279.82 282.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 283.67 282.15 Td (During ) Tj ET Q
q 0 0 0 rg BT 317.27 282.15 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 343.85 282.15 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 364.85 282.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 371.33 282.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.00 282.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 404.68 282.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 437.10 282.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 449.70 282.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 457.67 282.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 490.08 282.15 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 537.09 282.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.68 282.15 Td (tax ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 269.55 Td (examinations, ) Tj ET Q
q 0 0 0 rg BT 110.84 269.55 Td (recent ) Tj ET Q
q 0 0 0 rg BT 139.20 269.55 Td (developments ) Tj ET Q
q 0 0 0 rg BT 200.25 269.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 211.72 269.55 Td (case ) Tj ET Q
q 0 0 0 rg BT 232.51 269.55 Td (law ) Tj ET Q
q 0 0 0 rg BT 250.39 269.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 268.28 269.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 283.83 269.55 Td (expiration ) Tj ET Q
q 0 0 0 rg BT 329.12 269.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 340.59 269.55 Td (statutes ) Tj ET Q
q 0 0 0 rg BT 374.81 269.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.28 269.55 Td (limitation ) Tj ET Q
q 0 0 0 rg BT 429.83 269.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 440.72 269.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 472.01 269.55 Td (jurisdictions, ) Tj ET Q
q 0 0 0 rg BT 529.27 269.55 Td (resulted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 256.95 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.29 256.95 Td ($13,782) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 94.42 256.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 97.04 256.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.41 256.95 Td (previously ) Tj ET Q
q 0 0 0 rg BT 155.37 256.95 Td (unrecognized ) Tj ET Q
q 0 0 0 rg BT 214.55 256.95 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 250.41 256.95 Td (being ) Tj ET Q
q 0 0 0 rg BT 276.37 256.95 Td (realized.) Tj ET Q
endstream
endobj
241 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 242 0 R>>
endobj
242 0 obj
<</Length 38114>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.30 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.16 31.25 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (A) Tj ET Q
q 0 0 0 rg BT 56.50 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 59.00 741.75 Td (reconciliation ) Tj ET Q
q 0 0 0 rg BT 119.23 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.48 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.80 741.75 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 190.30 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 207.96 741.75 Td (ending ) Tj ET Q
q 0 0 0 rg BT 239.04 741.75 Td (amount ) Tj ET Q
q 0 0 0 rg BT 273.03 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 284.28 741.75 Td (unrecognized ) Tj ET Q
q 0 0 0 rg BT 343.33 741.75 Td (gross ) Tj ET Q
q 0 0 0 rg BT 368.00 741.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 383.33 741.75 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 419.07 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 433.81 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 449.14 741.75 Td (years ) Tj ET Q
q 0 0 0 rg BT 473.79 741.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 501.36 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 531.27 741.75 Td (31 ) Tj ET Q
q 0 0 0 rg BT 544.27 741.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 553.77 741.75 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 703.65 m
370 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 703.65 m
434 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 703.65 m
498 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 703.65 m
562 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 703.65 m
370 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 703.65 m
434 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 703.65 m
498 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 703.65 m
562 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 613.65 m
434 613.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 613.65 m
498 613.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 613.65 m
562 613.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 613.65 m
370 613.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 598.65 m
370 598.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 613.65 m
434 613.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 598.65 m
434 598.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 613.65 m
498 613.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 598.65 m
498 598.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 613.65 m
562 613.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 598.65 m
562 598.65 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 393.00 708.44 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.00 708.42 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.00 708.42 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 693.42 Td (Balance, beginning of year) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 693.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.10 693.44 Td (78,776) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 693.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 693.42 Td (62,728) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 693.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 693.42 Td (70,787) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 678.42 Td (Additions based on tax positions related to the current year) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 414.25 678.44 Td (970) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 678.42 Td (4,549) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 678.42 Td (7,325) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 663.42 Td (Additions for tax positions of prior years) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.35 663.44 Td (1,719) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 663.42 Td (15,070) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 663.42 Td (5,01) Tj ET Q
q 0 0 0 rg BT 552.73 663.42 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 648.42 Td (Reductions for tax positions of prior years) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 402.85 648.44 Td (\(1,149) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 430.00 648.44 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.75 648.42 Td (\(100) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 648.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.85 648.42 Td (\(4,438) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 648.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 633.42 Td (Decreases related to settlements with taxing authorities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 397.60 633.44 Td (\(15,530) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 430.00 633.44 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.85 633.42 Td (\(2,874) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 633.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 633.42 Td (\(15,957) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 633.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 618.42 Td (Expiration of statutes of limitations) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 402.85 618.44 Td (\(9,321) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 430.00 618.44 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.75 618.42 Td (\(597) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 618.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 618.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 603.42 Td (Balance, end of year) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 603.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.10 603.44 Td (55,465) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 603.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 603.42 Td (78,776) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 603.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 603.42 Td (62,728) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 573.95 Td (Although ) Tj ET Q
q 0 0 0 rg BT 91.39 573.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 147.25 573.95 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 177.46 573.95 Td (predict ) Tj ET Q
q 0 0 0 rg BT 208.84 573.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 229.72 573.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 247.10 573.95 Td (degree ) Tj ET Q
q 0 0 0 rg BT 277.30 573.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 288.27 573.95 Td (certainty ) Tj ET Q
q 0 0 0 rg BT 327.22 573.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.27 573.95 Td (timing ) Tj ET Q
q 0 0 0 rg BT 371.91 573.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 382.88 573.95 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 419.51 573.95 Td (resolution ) Tj ET Q
q 0 0 0 rg BT 463.72 573.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 474.69 573.95 Td (matters ) Tj ET Q
q 0 0 0 rg BT 507.82 573.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 533.94 573.95 Td (review ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 561.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.92 561.35 Td (various ) Tj ET Q
q 0 0 0 rg BT 96.75 561.35 Td (taxing ) Tj ET Q
q 0 0 0 rg BT 125.92 561.35 Td (jurisdictions, ) Tj ET Q
q 0 0 0 rg BT 183.38 561.35 Td (it ) Tj ET Q
q 0 0 0 rg BT 192.13 561.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 202.06 561.35 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 250.46 561.35 Td (possible ) Tj ET Q
q 0 0 0 rg BT 287.80 561.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 306.46 561.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 322.21 561.35 Td (Company�) Tj ET Q
q 0 0 0 rg BT 365.96 561.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 372.97 561.35 Td (gross ) Tj ET Q
q 0 0 0 rg BT 398.06 561.35 Td (unrecognized ) Tj ET Q
q 0 0 0 rg BT 457.53 561.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 473.28 561.35 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 509.44 561.35 Td (balance ) Tj ET Q
q 0 0 0 rg BT 544.42 561.35 Td (may ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 548.75 Td (change ) Tj ET Q
q 0 0 0 rg BT 81.54 548.75 Td (within ) Tj ET Q
q 0 0 0 rg BT 110.68 548.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 125.82 548.75 Td (next ) Tj ET Q
q 0 0 0 rg BT 146.21 548.75 Td (12 ) Tj ET Q
q 0 0 0 rg BT 159.02 548.75 Td (months ) Tj ET Q
q 0 0 0 rg BT 192.25 548.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 205.06 548.75 Td (up ) Tj ET Q
q 0 0 0 rg BT 217.86 548.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 228.34 548.75 Td ($20,856) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 262.46 548.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 264.77 548.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 275.83 548.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 282.80 548.75 Td (result ) Tj ET Q
q 0 0 0 rg BT 308.44 548.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 319.49 548.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 334.63 548.75 Td (expiration ) Tj ET Q
q 0 0 0 rg BT 379.51 548.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 390.56 548.75 Td (statutes ) Tj ET Q
q 0 0 0 rg BT 424.37 548.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 435.42 548.75 Td (limitations ) Tj ET Q
q 0 0 0 rg BT 482.65 548.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 500.12 548.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 515.26 548.75 Td (completion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 536.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 536.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 76.32 536.15 Td (authorities' ) Tj ET Q
q 0 0 0 rg BT 125.17 536.15 Td (examinations.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 510.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.21 510.95 Td (Company ) Tj ET Q
q 0 0 0 rg BT 113.42 510.95 Td (accrues ) Tj ET Q
q 0 0 0 rg BT 148.28 510.95 Td (interest ) Tj ET Q
q 0 0 0 rg BT 182.56 510.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 214.51 510.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 226.06 510.95 Td (unrecognized ) Tj ET Q
q 0 0 0 rg BT 286.00 510.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 302.21 510.95 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 338.83 510.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 350.37 510.95 Td (interest ) Tj ET Q
q 0 0 0 rg BT 384.66 510.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 421.86 510.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 440.40 510.95 Td (recognizes ) Tj ET Q
q 0 0 0 rg BT 488.68 510.95 Td (penalties ) Tj ET Q
q 0 0 0 rg BT 529.38 510.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 540.93 510.95 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 498.35 Td (operating ) Tj ET Q
q 0 0 0 rg BT 91.35 498.35 Td (expense. ) Tj ET Q
q 0 0 0 rg BT 129.99 498.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 132.19 498.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 155.96 498.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 186.75 498.35 Td (had ) Tj ET Q
q 0 0 0 rg BT 204.10 498.35 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 266.95 498.35 Td ($1,930) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 295.83 498.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 298.02 498.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 308.97 498.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 319.91 498.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 349.52 498.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 364.84 498.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 388.04 498.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 405.40 498.35 Td ($1,937) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.27 498.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 436.47 498.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 447.42 498.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 458.36 498.35 Td (both ) Tj ET Q
q 0 0 0 rg BT 479.23 498.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 508.83 498.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 524.15 498.35 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 547.35 498.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 485.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 75.75 485.75 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 111.01 485.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 125.88 485.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 159.41 485.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 177.20 485.75 Td (penalties ) Tj ET Q
q 0 0 0 rg BT 217.15 485.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 230.27 485.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 245.72 485.75 Td (contingencies ) Tj ET Q
q 0 0 0 rg BT 306.08 485.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 316.87 485.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 332.33 485.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 390.36 485.75 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 426.80 485.75 Td (Sheets.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 460.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.08 460.55 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 109.66 460.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 132.08 460.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 152.15 460.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 166.99 460.55 Td (returns ) Tj ET Q
q 0 0 0 rg BT 198.16 460.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 212.99 460.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 244.74 460.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 254.92 460.55 Td (examination ) Tj ET Q
q 0 0 0 rg BT 308.83 460.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 321.34 460.55 Td (taxing ) Tj ET Q
q 0 0 0 rg BT 349.59 460.55 Td (authorities ) Tj ET Q
q 0 0 0 rg BT 395.93 460.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 406.10 460.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.94 460.55 Td (U.S., ) Tj ET Q
q 0 0 0 rg BT 444.25 460.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.09 460.55 Td (U.K., ) Tj ET Q
q 0 0 0 rg BT 484.14 460.55 Td (Brazil, ) Tj ET Q
q 0 0 0 rg BT 514.43 460.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 531.60 460.55 Td (various ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 447.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 75.35 447.95 Td (jurisdictions. ) Tj ET Q
q 0 0 0 rg BT 133.87 447.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 154.47 447.95 Td (following ) Tj ET Q
q 0 0 0 rg BT 199.58 447.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 216.69 447.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 243.12 447.95 Td (remain ) Tj ET Q
q 0 0 0 rg BT 276.55 447.95 Td (open ) Tj ET Q
q 0 0 0 rg BT 301.24 447.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 313.69 447.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 348.87 447.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 365.98 447.95 Td (examination ) Tj ET Q
q 0 0 0 rg BT 422.16 447.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 438.68 447.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 462.19 447.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 475.22 447.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.33 447.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 518.18 447.95 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 435.35 Td (jurisdictions ) Tj ET Q
q 0 0 0 rg BT 104.20 435.35 Td (where ) Tj ET Q
q 0 0 0 rg BT 132.64 435.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 157.00 435.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 188.37 435.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 198.16 435.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 230.68 435.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 241.64 435.35 Td (income ) Tj ET Q
q 0 0 0 rg BT 275.33 435.35 Td (taxes: ) Tj ET Q
q 0 0 0 rg BT 302.61 435.35 Td (after ) Tj ET Q
q 0 0 0 rg BT 324.62 435.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 350.15 435.35 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 373.93 435.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 388.96 435.35 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 410.42 435.35 Td (federal; ) Tj ET Q
q 0 0 0 rg BT 445.26 435.35 Td (after ) Tj ET Q
q 0 0 0 rg BT 467.28 435.35 Td (calendar ) Tj ET Q
q 0 0 0 rg BT 505.62 435.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 526.48 435.35 Td (2008 ) Tj ET Q
q 0 0 0 rg BT 550.26 435.35 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 422.75 Td (Brazil; ) Tj ET Q
q 0 0 0 rg BT 80.11 422.75 Td (after ) Tj ET Q
q 0 0 0 rg BT 101.37 422.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 126.15 422.75 Td (2016 ) Tj ET Q
q 0 0 0 rg BT 149.18 422.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 163.46 422.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.32 422.75 Td (states ) Tj ET Q
q 0 0 0 rg BT 203.68 422.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 214.47 422.75 Td (New ) Tj ET Q
q 0 0 0 rg BT 236.02 422.75 Td (Y) Tj ET Q
q 0 0 0 rg BT 242.56 422.75 Td (ork, ) Tj ET Q
q 0 0 0 rg BT 261.21 422.75 Td (Connecticut, ) Tj ET Q
q 0 0 0 rg BT 316.61 422.75 Td (California ) Tj ET Q
q 0 0 0 rg BT 361.21 422.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 378.41 422.75 Td (Maryland. ) Tj ET Q
q 0 0 0 rg BT 423.74 422.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 442.10 422.75 Td (Company ) Tj ET Q
q 0 0 0 rg BT 484.97 422.75 Td (does ) Tj ET Q
q 0 0 0 rg BT 506.25 422.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 521.70 422.75 Td (anticipate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 410.15 Td (making ) Tj ET Q
q 0 0 0 rg BT 83.62 410.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 101.41 410.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 148.36 410.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 169.64 410.15 Td (payments ) Tj ET Q
q 0 0 0 rg BT 212.51 410.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 233.80 410.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 249.25 410.15 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 295.03 410.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 306.40 410.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 330.60 410.15 Td (audits ) Tj ET Q
q 0 0 0 rg BT 358.31 410.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 369.10 410.15 Td (excess ) Tj ET Q
q 0 0 0 rg BT 399.13 410.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 410.51 410.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 448.71 410.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 467.08 410.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 489.53 410.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 511.98 410.15 Td (reserved.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 384.95 Td (Except ) Tj ET Q
q 0 0 0 rg BT 81.57 384.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 93.24 384.95 Td (noted ) Tj ET Q
q 0 0 0 rg BT 119.48 384.95 Td (below) Tj ET Q
q 0 0 0 rg BT 144.46 384.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 150.01 384.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 174.50 384.95 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 211.98 384.95 Td (continuing ) Tj ET Q
q 0 0 0 rg BT 259.81 384.95 Td (intention ) Tj ET Q
q 0 0 0 rg BT 300.06 384.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 309.98 384.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 321.07 384.95 Td (permanently ) Tj ET Q
q 0 0 0 rg BT 376.47 384.95 Td (reinvest ) Tj ET Q
q 0 0 0 rg BT 412.63 384.95 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 468.63 384.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 482.04 384.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.70 384.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.45 384.95 Td (accumulated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 372.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.62 372.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 95.64 372.35 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 134.17 372.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 145.87 372.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 158.75 372.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 192.03 372.35 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 244.56 372.35 Td (overseas. ) Tj ET Q
q 0 0 0 rg BT 286.29 372.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 288.60 372.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 303.22 372.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.92 372.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 345.28 372.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 361.36 372.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 387.95 372.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 412.48 372.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 444.01 372.35 Td (had ) Tj ET Q
q 0 0 0 rg BT 462.13 372.35 Td (available ) Tj ET Q
q 0 0 0 rg BT 502.98 372.35 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 543.85 372.35 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 359.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.09 359.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 88.18 359.75 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 138.43 359.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 149.61 359.75 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 212.69 359.75 Td ($288,694) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.06 359.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 257.12 359.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 259.55 359.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 270.72 359.75 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 310.19 359.75 Td (after ) Tj ET Q
q 0 0 0 rg BT 331.85 359.75 Td (giving ) Tj ET Q
q 0 0 0 rg BT 361.12 359.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 369.09 359.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 387.25 359.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 397.85 359.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.11 359.75 Td ($250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.48 359.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 454.91 359.75 Td (borrowed ) Tj ET Q
q 0 0 0 rg BT 497.58 359.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 523.92 359.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 536.27 359.75 Td (Credit ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 347.15 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 99.47 347.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 112.56 347.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 138.05 347.15 Td (3, ) Tj ET Q
q 0 0 0 rg BT 149.25 347.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 176.20 347.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 188.27 347.15 Td (previously ) Tj ET Q
q 0 0 0 rg BT 235.92 347.15 Td (discussed, ) Tj ET Q
q 0 0 0 rg BT 282.12 347.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 307.01 347.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 338.92 347.15 Td (has ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 356.24 347.15 Td ($250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.62 347.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 398.94 347.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 411.01 347.15 Td (undrawn ) Tj ET Q
q 0 0 0 rg BT 451.08 347.15 Td (capacity ) Tj ET Q
q 0 0 0 rg BT 489.38 347.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 500.87 347.15 Td (meet ) Tj ET Q
q 0 0 0 rg BT 524.60 347.15 Td (domestic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 334.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 87.09 334.55 Td (needs, ) Tj ET Q
q 0 0 0 rg BT 115.62 334.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 147.37 334.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 157.53 334.55 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 207.93 334.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 228.60 334.55 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 273.75 334.55 Td (covenants ) Tj ET Q
q 0 0 0 rg BT 317.73 334.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 334.89 334.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 349.72 334.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 375.05 334.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.80 334.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.63 334.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 417.93 334.55 Td (ger ) Tj ET Q
q 0 0 0 rg BT 432.90 334.55 Td (Agreement. ) Tj ET Q
q 0 0 0 rg BT 484.17 334.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 486.17 334.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 509.75 334.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 540.33 334.55 Td (plans ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 321.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.82 321.95 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 88.22 321.95 Td (up ) Tj ET Q
q 0 0 0 rg BT 100.87 321.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 111.20 321.95 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 174.00 321.95 Td ($13,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 208.12 321.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 210.28 321.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 221.18 321.95 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 253.66 321.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 274.47 321.95 Td (annually ) Tj ET Q
q 0 0 0 rg BT 312.78 321.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 333.59 321.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 348.57 321.95 Td (next ) Tj ET Q
q 0 0 0 rg BT 368.81 321.95 Td (several ) Tj ET Q
q 0 0 0 rg BT 400.69 321.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 425.00 321.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 435.33 321.95 Td (supplement ) Tj ET Q
q 0 0 0 rg BT 485.89 321.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 509.62 321.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 547.36 321.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 309.35 Td (anticipates ) Tj ET Q
q 0 0 0 rg BT 97.27 309.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 115.89 309.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 129.25 309.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.87 309.35 Td (this ) Tj ET Q
q 0 0 0 rg BT 158.91 309.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 193.28 309.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 212.49 309.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 225.27 309.35 Td (provided ) Tj ET Q
q 0 0 0 rg BT 265.46 309.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 278.84 309.35 Td (debt ) Tj ET Q
q 0 0 0 rg BT 299.78 309.35 Td (service ) Tj ET Q
q 0 0 0 rg BT 332.39 309.35 Td (payments ) Tj ET Q
q 0 0 0 rg BT 375.50 309.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 388.87 309.35 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 422.07 309.35 Td (af) Tj ET Q
q 0 0 0 rg BT 430.03 309.35 Td (filiates. ) Tj ET Q
q 0 0 0 rg BT 464.10 309.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 466.97 309.35 Td (No ) Tj ET Q
q 0 0 0 rg BT 482.68 309.35 Td (further ) Tj ET Q
q 0 0 0 rg BT 514.12 309.35 Td (repatriation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 296.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.76 296.75 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 95.59 296.75 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 134.68 296.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 145.19 296.75 Td (currently ) Tj ET Q
q 0 0 0 rg BT 186.60 296.75 Td (planned. ) Tj ET Q
q 0 0 0 rg BT 225.98 296.75 Td (�) Tj ET Q
q 0 0 0 rg BT 228.03 296.75 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 279.83 296.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 285.97 296.75 Td (no ) Tj ET Q
q 0 0 0 rg BT 299.98 296.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 345.48 296.75 Td (state ) Tj ET Q
q 0 0 0 rg BT 368.24 296.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 402.66 296.75 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 427.74 296.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 440.00 296.75 Td (withholding ) Tj ET Q
q 0 0 0 rg BT 494.27 296.75 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 519.35 296.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 542.69 296.75 Td (been ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 284.15 Td (provided. ) Tj ET Q
q 0 0 0 rg BT 91.91 284.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 94.37 284.15 Td (However) Tj ET Q
q 0 0 0 rg BT 132.43 284.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 137.52 284.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 146.39 284.15 Td (circumstances ) Tj ET Q
q 0 0 0 rg BT 208.32 284.15 Td (change, ) Tj ET Q
q 0 0 0 rg BT 243.14 284.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 267.18 284.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 298.22 284.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 317.01 284.15 Td (provide ) Tj ET Q
q 0 0 0 rg BT 351.55 284.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 366.25 284.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 383.87 284.15 Td (pay ) Tj ET Q
q 0 0 0 rg BT 401.49 284.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 419.11 284.15 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 464.71 284.15 Td (additional ) Tj ET Q
q 0 0 0 rg BT 509.17 284.15 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 530.30 284.15 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 554.33 284.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 271.55 Td (connection ) Tj ET Q
q 0 0 0 rg BT 97.67 271.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 118.43 271.55 Td (repatriation ) Tj ET Q
q 0 0 0 rg BT 168.93 271.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 179.77 271.55 Td (of) Tj ET Q
q 0 0 0 rg BT 188.33 271.55 Td (fshore ) Tj ET Q
q 0 0 0 rg BT 216.67 271.55 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 244.73 271.55 Td (�It ) Tj ET Q
q 0 0 0 rg BT 255.87 271.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 264.97 271.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 280.49 271.55 Td (practical ) Tj ET Q
q 0 0 0 rg BT 318.73 271.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 328.41 271.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 345.68 271.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 366.44 271.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 376.71 271.55 Td (determine ) Tj ET Q
q 0 0 0 rg BT 420.79 271.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 435.72 271.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 468.72 271.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 483.65 271.55 Td (liability ) Tj ET Q
q 0 0 0 rg BT 518.42 271.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 536.26 271.55 Td (would ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 258.95 Td (result ) Tj ET Q
q 0 0 0 rg BT 75.45 258.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 98.49 258.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 116.27 258.95 Td (further ) Tj ET Q
q 0 0 0 rg BT 147.47 258.95 Td (repatriation ) Tj ET Q
q 0 0 0 rg BT 198.49 258.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.86 258.95 Td (accumulated ) Tj ET Q
q 0 0 0 rg BT 265.54 258.95 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 298.49 258.95 Td (earnings. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 233.75 Td (8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 54.75 233.75 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.00 233.75 Td (Leases) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 89.75 233.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 208.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.17 208.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 103.85 208.55 Td (leases ) Tj ET Q
q 0 0 0 rg BT 131.01 208.55 Td (over ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 151.76 208.55 Td (1,500) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 175.39 208.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 177.48 208.55 Td (square ) Tj ET Q
q 0 0 0 rg BT 206.98 208.55 Td (feet ) Tj ET Q
q 0 0 0 rg BT 224.81 208.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 235.65 208.55 Td (of) Tj ET Q
q 0 0 0 rg BT 244.21 208.55 Td (fice ) Tj ET Q
q 0 0 0 rg BT 262.04 208.55 Td (space ) Tj ET Q
q 0 0 0 rg BT 287.45 208.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 308.21 208.55 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 370.96 208.55 Td (one-third ) Tj ET Q
q 0 0 0 rg BT 411.54 208.55 Td (currently ) Tj ET Q
q 0 0 0 rg BT 451.53 208.55 Td (subleased ) Tj ET Q
q 0 0 0 rg BT 494.45 208.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 504.71 208.55 Td (various ) Tj ET Q
q 0 0 0 rg BT 537.72 208.55 Td (firms, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 195.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.53 195.95 Td (majority ) Tj ET Q
q 0 0 0 rg BT 102.32 195.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 113.27 195.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 141.14 195.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 156.16 195.95 Td (within ) Tj ET Q
q 0 0 0 rg BT 185.20 195.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.24 195.95 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 221.12 195.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 223.32 195.95 Td (Of) Tj ET Q
q 0 0 0 rg BT 234.21 195.95 Td (fice ) Tj ET Q
q 0 0 0 rg BT 252.15 195.95 Td (facilities ) Tj ET Q
q 0 0 0 rg BT 290.51 195.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 307.88 195.95 Td (equipment ) Tj ET Q
q 0 0 0 rg BT 354.41 195.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 369.43 195.95 Td (leased ) Tj ET Q
q 0 0 0 rg BT 397.87 195.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 423.99 195.95 Td (various ) Tj ET Q
q 0 0 0 rg BT 457.10 195.95 Td (non-cancelable ) Tj ET Q
q 0 0 0 rg BT 522.86 195.95 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 183.35 Td (leases ) Tj ET Q
q 0 0 0 rg BT 77.13 183.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 94.85 183.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 125.98 183.35 Td (equipment ) Tj ET Q
q 0 0 0 rg BT 172.86 183.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 182.42 183.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 201.90 183.35 Td (leased ) Tj ET Q
q 0 0 0 rg BT 230.69 183.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 257.16 183.35 Td (financing ) Tj ET Q
q 0 0 0 rg BT 299.37 183.35 Td (leases. ) Tj ET Q
q 0 0 0 rg BT 329.63 183.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 332.19 183.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 356.32 183.35 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 393.44 183.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 425.73 183.35 Td (leases ) Tj ET Q
q 0 0 0 rg BT 453.37 183.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 475.75 183.35 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 520.88 183.35 Td (terms ) Tj ET Q
q 0 0 0 rg BT 546.77 183.35 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 170.75 Td (vary ) Tj ET Q
q 0 0 0 rg BT 70.95 170.75 Td (up ) Tj ET Q
q 0 0 0 rg BT 84.24 170.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.20 170.75 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 105.70 170.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 108.50 170.75 Td (years. ) Tj ET Q
q 0 0 0 rg BT 136.07 170.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 138.86 170.75 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 172.56 170.75 Td (leases ) Tj ET Q
q 0 0 0 rg BT 200.43 170.75 Td (provide ) Tj ET Q
q 0 0 0 rg BT 235.29 170.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 250.33 170.75 Td (options ) Tj ET Q
q 0 0 0 rg BT 284.04 170.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 295.00 170.75 Td (extend ) Tj ET Q
q 0 0 0 rg BT 325.79 170.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 340.82 170.75 Td (periods ) Tj ET Q
q 0 0 0 rg BT 374.53 170.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.07 170.75 Td (up ) Tj ET Q
q 0 0 0 rg BT 399.36 170.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.32 170.75 Td (15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.82 170.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 423.61 170.75 Td (years ) Tj ET Q
q 0 0 0 rg BT 448.56 170.75 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 478.18 170.75 Td (options ) Tj ET Q
q 0 0 0 rg BT 511.89 170.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 522.85 170.75 Td (terminate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 158.15 Td (within ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.96 158.15 Td (seven ) Tj ET Q
q 0 0 0 rg BT 105.49 158.15 Td (years) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 127.65 158.15 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.40 137.55 Td (previously ) Tj ET Q
q 0 0 0 rg BT 111.96 137.55 Td (disclosed ) Tj ET Q
q 0 0 0 rg BT 154.27 137.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 165.66 137.55 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 189.31 137.55 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 194.56 137.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 200.41 137.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 216.47 137.55 Td (lease ) Tj ET Q
q 0 0 0 rg BT 240.68 137.55 Td (reserve ) Tj ET Q
q 0 0 0 rg BT 274.23 137.55 Td (liability ) Tj ET Q
q 0 0 0 rg BT 310.12 137.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 341.92 137.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 353.31 137.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 370.54 137.55 Td (subleased ) Tj ET Q
q 0 0 0 rg BT 414.59 137.55 Td (space ) Tj ET Q
q 0 0 0 rg BT 441.14 137.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 459.53 137.55 Td (vacated ) Tj ET Q
q 0 0 0 rg BT 494.82 137.55 Td (space ) Tj ET Q
q 0 0 0 rg BT 521.37 137.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 536.84 137.55 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.95 Td (subleases ) Tj ET Q
q 0 0 0 rg BT 91.90 124.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 107.45 124.95 Td (being ) Tj ET Q
q 0 0 0 rg BT 133.52 124.95 Td (pursued ) Tj ET Q
q 0 0 0 rg BT 169.50 124.95 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 188.57 124.95 Td ($24,063) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 222.69 124.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 225.43 124.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 236.92 124.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.40 124.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 278.54 124.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 294.40 124.95 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 320.77 124.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 323.50 124.95 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 349.58 124.95 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 389.06 124.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 400.54 124.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 416.11 124.95 Td (updated ) Tj ET Q
q 0 0 0 rg BT 452.09 124.95 Td (lease ) Tj ET Q
q 0 0 0 rg BT 475.81 124.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 524.61 124.95 Td (guidance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 112.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.51 112.35 Td (April ) Tj ET Q
q 0 0 0 rg BT 87.90 112.35 Td (1, ) Tj ET Q
q 0 0 0 rg BT 98.99 112.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 125.84 112.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.89 112.35 Td (existing ) Tj ET Q
q 0 0 0 rg BT 178.36 112.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 205.49 112.35 Td (current ) Tj ET Q
q 0 0 0 rg BT 238.44 112.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 256.82 112.35 Td (non-current ) Tj ET Q
q 0 0 0 rg BT 309.02 112.35 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 351.32 112.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 374.95 112.35 Td (reclassified ) Tj ET Q
q 0 0 0 rg BT 425.98 112.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 437.95 112.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 445.83 112.35 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 488.70 112.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.67 112.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 516.72 112.35 Td (ROU ) Tj ET Q
q 0 0 0 rg BT 542.11 112.35 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 88.85 99.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 99.64 99.75 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 149.48 99.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 170.77 99.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.22 99.75 Td (updated ) Tj ET Q
q 0 0 0 rg BT 222.09 99.75 Td (guidance.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 79.15 Td (ROU ) Tj ET Q
q 0 0 0 rg BT 74.94 79.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 102.71 79.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 121.73 79.15 Td (involve ) Tj ET Q
q 0 0 0 rg BT 156.50 79.15 Td (subleased ) Tj ET Q
q 0 0 0 rg BT 200.59 79.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 212.61 79.15 Td (vacant ) Tj ET Q
q 0 0 0 rg BT 243.28 79.15 Td (space ) Tj ET Q
q 0 0 0 rg BT 269.88 79.15 Td (aggregate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 313.95 79.15 Td ($71,257) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 348.08 79.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 351.35 79.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 363.37 79.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.39 79.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 406.07 79.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 422.46 79.15 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 449.36 79.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 452.40 79.15 Td (These ) Tj ET Q
q 0 0 0 rg BT 480.74 79.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 508.51 79.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 529.86 79.15 Td (become ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 66.55 Td (impaired ) Tj ET Q
q 0 0 0 rg BT 89.16 66.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 97.92 66.55 Td (tenants ) Tj ET Q
q 0 0 0 rg BT 130.00 66.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 145.16 66.55 Td (unable ) Tj ET Q
q 0 0 0 rg BT 175.49 66.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 185.99 66.55 Td (service ) Tj ET Q
q 0 0 0 rg BT 218.07 66.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 239.65 66.55 Td (obligations ) Tj ET Q
q 0 0 0 rg BT 288.66 66.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 314.90 66.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.07 66.55 Td (sublease, ) Tj ET Q
q 0 0 0 rg BT 370.61 66.55 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 399.77 66.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 408.53 66.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 423.70 66.55 Td (estimates ) Tj ET Q
q 0 0 0 rg BT 465.11 66.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 476.20 66.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 486.71 66.55 Td (occupancy ) Tj ET Q
q 0 0 0 rg BT 533.94 66.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 549.10 66.55 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 53.95 Td (realized, ) Tj ET Q
q 0 0 0 rg BT 87.97 53.95 Td (either ) Tj ET Q
q 0 0 0 rg BT 114.50 53.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.87 53.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 154.16 53.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 174.86 53.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 187.40 53.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 211.60 53.95 Td (likely ) Tj ET Q
q 0 0 0 rg BT 238.14 53.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 249.51 53.95 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 299.38 53.95 Td (impacts ) Tj ET Q
q 0 0 0 rg BT 334.66 53.95 Td (evolve.) Tj ET Q
endstream
endobj
243 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 244 0 R>>
endobj
244 0 obj
<</Length 20522>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.30 31.25 Td (1) Tj ET Q
q 0 0 0 rg BT 303.16 31.25 Td (19) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (Leases included in the Consolidated Balance Sheets were as follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 716.25 m
319 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323 716.25 m
441 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
445 716.25 m
563 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 626.25 m
319 626.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
323 626.25 m
441 626.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
445 626.25 m
563 626.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
445 626.25 m
563 626.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 352.60 721.02 Td (Classification) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 455.90 721.04 Td (As of Mar) Tj ET Q
q 0 0 0 rg BT 501.20 721.04 Td (ch 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 706.02 Td (Operating leases:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 691.02 Td (Operating lease ROU assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.40 691.02 Td (Right-of-use assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 447.50 691.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 524.85 691.04 Td (290,167) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 676.02 Td (Operating lease liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 348.40 676.02 Td (Lease liabilities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 524.85 676.04 Td (355,483) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 661.02 Td (Finance leases:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 646.02 Td (Property and equipment, gross) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.40 646.02 Td (Right-of-use assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 447.50 646.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 535.35 646.04 Td (2,01) Tj ET Q
q 0 0 0 rg BT 553.73 646.04 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 631.02 Td (Less: accumulated depreciation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.40 631.02 Td (Right-of-use assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 539.75 631.04 Td (\(836) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 559.00 631.04 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 616.02 Td (Property and equipment, net) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 447.50 616.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 535.35 616.04 Td (1,175) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 601.02 Td (Finance lease liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 348.40 601.02 Td (Lease liabilities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 447.50 601.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 535.35 601.04 Td (1,068) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 576.15 Td (The components of lease expense included in the Consolidated Statement of Income \(Loss\) were as follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 550.65 m
323 550.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
327 550.65 m
427 550.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431 550.65 m
563 550.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431 550.65 m
563 550.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 490.65 m
323 490.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
327 490.65 m
427 490.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431 490.65 m
563 490.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 430.65 m
323 430.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 415.65 m
323 415.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
327 430.65 m
427 430.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
327 415.65 m
427 415.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431 430.65 m
563 430.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431 415.65 m
563 415.65 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.60 555.42 Td (Classification) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 434.10 555.44 Td (Y) Tj ET Q
q 0 0 0 rg BT 440.52 555.44 Td (ear) Tj ET Q
q 0 0 0 rg BT 454.90 555.44 Td ( Ended Mar) Tj ET Q
q 0 0 0 rg BT 508.97 555.44 Td (ch 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 540.42 Td (Operating lease cost) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.65 540.42 Td (Occupancy expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 433.50 540.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.10 540.44 Td (88,020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 525.42 Td (Financing lease cost:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 510.42 Td (Amortization of right-of-use asset) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.65 510.42 Td (Occupancy expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 543.25 510.44 Td (988) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 495.42 Td (Interest on lease liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.50 495.42 Td (Interest expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 548.50 495.44 Td (45) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 480.42 Td (T) Tj ET Q
q 0 0 0 rg BT 58.55 480.42 Td (otal finance lease cost) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 535.35 480.44 Td (1,033) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 465.42 Td (Short-term lease cost) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.65 465.42 Td (Occupancy expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 535.35 465.44 Td (6,147) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 450.42 Td (V) Tj ET Q
q 0 0 0 rg BT 58.92 450.42 Td (ariable lease cost) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 130.63 455.18 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.65 450.42 Td (Occupancy expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.10 450.44 Td (23,458) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 435.42 Td (Less:  sublease billings) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.65 435.42 Td (Occupancy expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 526.60 435.44 Td (\(24,877) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 559.00 435.44 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 420.42 Td (Net lease cost) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 110.81 425.18 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 433.50 420.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.10 420.44 Td (93,781) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 405.95 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 61.71 405.95 Td (V) Tj ET Q
q 0 0 0 rg BT 66.91 405.95 Td (ariable ) Tj ET Q
q 0 0 0 rg BT 92.52 405.95 Td (lease ) Tj ET Q
q 0 0 0 rg BT 111.99 405.95 Td (cost ) Tj ET Q
q 0 0 0 rg BT 128.16 405.95 Td (includes ) Tj ET Q
q 0 0 0 rg BT 158.97 405.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 193.55 405.95 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 228.84 405.95 Td (real ) Tj ET Q
q 0 0 0 rg BT 244.06 405.95 Td (estate ) Tj ET Q
q 0 0 0 rg BT 265.90 405.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 280.65 405.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 300.60 405.95 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 320.55 405.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 335.30 405.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 355.25 405.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 386.54 405.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 401.76 405.95 Td (fluctuate ) Tj ET Q
q 0 0 0 rg BT 433.98 405.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 443.07 405.95 Td (amount ) Tj ET Q
q 0 0 0 rg BT 471.05 405.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 485.81 405.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 498.67 405.95 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 531.82 405.95 Td (excluded ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.00 395.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 81.65 395.75 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 101.24 395.75 Td (base ) Tj ET Q
q 0 0 0 rg BT 118.47 395.75 Td (rent.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 385.55 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 63.00 385.55 Td (Excludes ) Tj ET Q
q 0 0 0 rg BT 96.28 385.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 115.87 385.55 Td (occupancy ) Tj ET Q
q 0 0 0 rg BT 154.34 385.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 183.84 385.55 Td (of ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 193.05 385.55 Td ($16,841) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 220.67 385.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 222.80 385.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 234.83 385.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 247.34 385.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 264.10 385.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 286.52 385.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 310.83 385.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 323.58 385.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 344.83 385.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 385.34 385.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 389.59 385.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 414.84 385.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 423.57 385.55 Td (leasehold ) Tj ET Q
q 0 0 0 rg BT 457.80 385.55 Td (amortization.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 360.35 Td (During ) Tj ET Q
q 0 0 0 rg BT 81.25 360.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 96.09 360.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 116.16 360.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 143.24 360.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 172.65 360.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 187.78 360.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 213.41 360.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 223.58 360.35 Td (connection ) Tj ET Q
q 0 0 0 rg BT 271.66 360.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 292.33 360.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 315.91 360.35 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 352.48 360.35 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 390.05 360.35 Td (restructuring, ) Tj ET Q
q 0 0 0 rg BT 448.33 360.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 459.08 360.35 Td (further ) Tj ET Q
q 0 0 0 rg BT 489.66 360.35 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 531.91 360.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 542.09 360.35 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 347.75 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.00 347.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 64.87 347.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 72.95 347.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 91.52 347.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 140.99 347.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 158.98 347.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.05 347.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 211.28 347.75 Td (values ) Tj ET Q
q 0 0 0 rg BT 240.35 347.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 251.34 347.75 Td (certain ) Tj ET Q
q 0 0 0 rg BT 282.14 347.75 Td (ROU ) Tj ET Q
q 0 0 0 rg BT 306.56 347.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 333.30 347.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 361.79 347.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 377.45 347.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 389.61 347.75 Td (recoverable. ) Tj ET Q
q 0 0 0 rg BT 443.44 347.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 445.68 347.75 Td (Related ) Tj ET Q
q 0 0 0 rg BT 479.99 347.75 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 530.64 347.75 Td (char) Tj ET Q
q 0 0 0 rg BT 548.52 347.75 Td (ges ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 335.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.95 335.15 Td ($4,328) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 89.82 335.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 92.53 335.15 Td (\(exclusive ) Tj ET Q
q 0 0 0 rg BT 138.38 335.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 149.83 335.15 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 199.74 335.15 Td (depreciation ) Tj ET Q
q 0 0 0 rg BT 254.33 335.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 265.78 335.15 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.03 335.15 Td (1,603) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.66 335.15 Td (\) ) Tj ET Q
q 0 0 0 rg BT 300.86 335.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 323.96 335.15 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 372.72 335.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 383.59 335.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 399.12 335.15 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 431.56 335.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 459.33 335.15 Td (December ) Tj ET Q
q 0 0 0 rg BT 505.18 335.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 521.00 335.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 547.33 335.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 322.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.89 322.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 103.61 322.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 114.35 322.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 156.57 322.55 Td (lease ) Tj ET Q
q 0 0 0 rg BT 180.13 322.55 Td (cost ) Tj ET Q
q 0 0 0 rg BT 199.61 322.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 210.35 322.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 225.75 322.55 Td (table ) Tj ET Q
q 0 0 0 rg BT 248.73 322.55 Td (above ) Tj ET Q
q 0 0 0 rg BT 276.37 322.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 294.10 322.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 304.83 322.55 Td (Occupancy ) Tj ET Q
q 0 0 0 rg BT 354.63 322.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 391.02 322.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 401.75 322.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.15 322.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 475.14 322.55 Td (Statement ) Tj ET Q
q 0 0 0 rg BT 519.70 322.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 531.01 322.55 Td (Income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 309.95 Td (\(Loss\). ) Tj ET Q
q 0 0 0 rg BT 82.62 309.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 86.02 309.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 106.01 309.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 124.25 309.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 150.66 309.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 163.07 309.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.56 309.95 Td (right-of-use ) Tj ET Q
q 0 0 0 rg BT 232.80 309.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 256.87 309.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 289.10 309.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 300.94 309.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 309.26 309.95 Td (substantial ) Tj ET Q
q 0 0 0 rg BT 357.84 309.95 Td (portion ) Tj ET Q
q 0 0 0 rg BT 391.84 309.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 404.25 309.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.75 309.95 Td (char) Tj ET Q
q 0 0 0 rg BT 438.63 309.95 Td (ge ) Tj ET Q
q 0 0 0 rg BT 452.20 309.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 472.20 309.95 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 516.10 309.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 543.68 309.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 557.84 309.95 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 297.35 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 97.57 297.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 118.81 297.35 Td (flow ) Tj ET Q
q 0 0 0 rg BT 140.63 297.35 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 177.04 297.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 202.38 297.35 Td (various ) Tj ET Q
q 0 0 0 rg BT 235.87 297.35 Td (Level ) Tj ET Q
q 0 0 0 rg BT 262.35 297.35 Td (3 ) Tj ET Q
q 0 0 0 rg BT 270.18 297.35 Td (assumptions, ) Tj ET Q
q 0 0 0 rg BT 327.30 297.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 345.63 297.35 Td (consider ) Tj ET Q
q 0 0 0 rg BT 383.78 297.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 399.19 297.35 Td (prevailing ) Tj ET Q
q 0 0 0 rg BT 444.34 297.35 Td (rental ) Tj ET Q
q 0 0 0 rg BT 470.82 297.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 493.22 297.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 503.97 297.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 519.37 297.35 Td (applicable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 284.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 81.28 284.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 99.06 284.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.52 284.75 Td (amount ) Tj ET Q
q 0 0 0 rg BT 148.64 284.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 160.01 284.75 Td (time ) Tj ET Q
q 0 0 0 rg BT 181.30 284.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 189.76 284.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 208.72 284.75 Td (take ) Tj ET Q
q 0 0 0 rg BT 228.83 284.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 239.62 284.75 Td (secure ) Tj ET Q
q 0 0 0 rg BT 269.06 284.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 276.35 284.75 Td (sublease ) Tj ET Q
q 0 0 0 rg BT 314.55 284.75 Td (agreement.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 259.55 Td (Lease ) Tj ET Q
q 0 0 0 rg BT 77.36 259.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 114.55 259.55 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 152.91 259.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 164.45 259.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.65 259.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 206.18 259.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 234.63 259.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 265.41 259.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 281.91 259.55 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 306.28 259.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 324.82 259.55 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 349.19 259.55 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.90 259.55 Td ($88,990) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.02 259.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 406.40 259.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.93 259.55 Td ($84,963) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.06 259.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 465.06 259.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 515.11 259.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 521.11 259.55 Td (excluding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 246.95 Td (leasehold ) Tj ET Q
q 0 0 0 rg BT 90.52 246.95 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 144.96 246.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 155.08 246.95 Td ($16,306) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 189.21 246.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 190.58 246.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 207.11 246.95 Td ($15,796) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 241.23 246.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 245.23 246.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 246.60 246.95 Td (Lease ) Tj ET Q
q 0 0 0 rg BT 272.46 246.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 307.65 246.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 316.02 246.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 330.22 246.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 340.34 246.95 Td (sublease ) Tj ET Q
q 0 0 0 rg BT 377.28 246.95 Td (income ) Tj ET Q
q 0 0 0 rg BT 409.56 246.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.68 246.95 Td ($21,435) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.80 246.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 455.18 246.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.71 246.95 Td ($23,316) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.83 246.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 509.83 246.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.88 246.95 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 221.75 Td (Sublease ) Tj ET Q
q 0 0 0 rg BT 88.93 221.75 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 126.61 221.75 Td (billed ) Tj ET Q
q 0 0 0 rg BT 152.62 221.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 167.54 221.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 206.37 221.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 217.21 221.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 223.98 221.75 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 265.73 221.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 276.58 221.75 Td (Occupancy ) Tj ET Q
q 0 0 0 rg BT 325.90 221.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 361.82 221.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 372.09 221.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.02 221.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 444.53 221.75 Td (Statement ) Tj ET Q
q 0 0 0 rg BT 488.62 221.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 499.47 221.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 533.06 221.75 Td (\(Loss\). ) Tj ET Q
q 0 0 0 rg BT 565.14 221.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 209.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.46 209.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 106.67 209.15 Td (billed ) Tj ET Q
q 0 0 0 rg BT 133.21 209.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 148.66 209.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 190.37 209.15 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 214.57 209.15 Td (base ) Tj ET Q
q 0 0 0 rg BT 235.86 209.15 Td (rental ) Tj ET Q
q 0 0 0 rg BT 262.40 209.15 Td (payments ) Tj ET Q
q 0 0 0 rg BT 305.27 209.15 Td (combined ) Tj ET Q
q 0 0 0 rg BT 349.31 209.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 370.61 209.15 Td (variable ) Tj ET Q
q 0 0 0 rg BT 407.05 209.15 Td (lease ) Tj ET Q
q 0 0 0 rg BT 430.67 209.15 Td (cost ) Tj ET Q
q 0 0 0 rg BT 450.22 209.15 Td (reimbursements. ) Tj ET Q
q 0 0 0 rg BT 522.54 209.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 525.17 209.15 Td (Sublease ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 196.55 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 87.71 196.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 118.90 196.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 129.69 196.55 Td (base ) Tj ET Q
q 0 0 0 rg BT 150.97 196.55 Td (rent ) Tj ET Q
q 0 0 0 rg BT 169.92 196.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 185.36 196.55 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 224.71 196.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 237.84 196.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 245.12 196.55 Td (straight-line ) Tj ET Q
q 0 0 0 rg BT 298.49 196.55 Td (basis.) Tj ET Q
endstream
endobj
245 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 246 0 R>>
endobj
246 0 obj
<</Length 16481>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (120) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.25 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 74.07 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 103.55 741.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 118.75 741.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 144.45 741.75 Td (undiscounted ) Tj ET Q
q 0 0 0 rg BT 202.52 741.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 229.67 741.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 250.41 741.75 Td (flows ) Tj ET Q
q 0 0 0 rg BT 275.82 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 290.14 741.75 Td (each ) Tj ET Q
q 0 0 0 rg BT 311.44 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.27 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 337.17 741.75 Td (next ) Tj ET Q
q 0 0 0 rg BT 357.33 741.75 Td (five ) Tj ET Q
q 0 0 0 rg BT 375.73 741.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 400.54 741.75 Td (years ) Tj ET Q
q 0 0 0 rg BT 424.77 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 442.01 741.75 Td (thereafter ) Tj ET Q
q 0 0 0 rg BT 484.31 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 498.63 741.75 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 522.28 741.75 Td (payments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 80.69 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 91.48 729.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 133.76 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 151.54 729.15 Td (finance ) Tj ET Q
q 0 0 0 rg BT 185.07 729.15 Td (leases ) Tj ET Q
q 0 0 0 rg BT 212.76 729.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 235.79 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 247.16 729.15 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 692.65 m
356 692.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
360 692.65 m
425 692.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
429 692.65 m
494 692.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 692.65 m
563 692.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
360 692.65 m
425 692.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
429 692.65 m
494 692.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 692.65 m
563 692.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 602.65 m
356 602.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
360 602.65 m
425 602.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
429 602.65 m
494 602.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 602.65 m
563 602.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 572.65 m
356 572.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
360 572.65 m
425 572.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
429 572.65 m
494 572.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 572.65 m
563 572.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 557.65 m
356 557.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
360 557.65 m
425 557.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
429 557.65 m
494 557.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 572.65 m
563 572.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 557.65 m
563 557.65 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.00 707.92 Td (Operating) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 377.70 697.42 Td (Leases) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 444.35 707.92 Td (Finance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.70 697.42 Td (Leases) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 518.50 697.44 Td (T) Tj ET Q
q 0 0 0 rg BT 524.54 697.44 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 682.42 Td (2021) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 362.50 682.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.10 682.42 Td (89,704) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.50 682.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.25 682.42 Td (685) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 500.50 682.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.10 682.44 Td (90,389) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 667.42 Td (2022) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.10 667.42 Td (88,452) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.25 667.42 Td (262) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.10 667.44 Td (88,714) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 652.42 Td (2023) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.10 652.42 Td (86,706) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.25 652.42 Td (125) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.10 652.44 Td (86,831) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 637.42 Td (2024) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.10 637.42 Td (72,626) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 637.42 Td (32) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.10 637.44 Td (72,658) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 622.42 Td (2025) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.10 622.42 Td (28,991) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.75 622.42 Td (4) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.10 622.44 Td (28,995) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 607.42 Td (Thereafter) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.10 607.42 Td (23,396) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 607.42 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.10 607.44 Td (23,396) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 592.42 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 592.42 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 73.93 597.18 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 75.63 592.42 Td (lease ) Tj ET Q
q 0 0 0 rg BT 99.24 592.42 Td (payments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.85 592.42 Td (389,875) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 592.42 Td (1,108) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 524.85 592.44 Td (390,983) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 577.42 Td (Less: ) Tj ET Q
q 0 0 0 rg BT 86.29 577.42 Td ( ) Tj ET Q
q 0 0 0 rg BT 88.92 577.42 Td (Imputed ) Tj ET Q
q 0 0 0 rg BT 126.53 577.42 Td (interest) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 388.60 577.42 Td (\(34,392) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.00 577.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.00 577.42 Td (\(40) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 577.42 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 526.60 577.44 Td (\(34,432) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 559.00 577.44 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 562.44 Td (Pr) Tj ET Q
q 0 0 0 rg BT 63.38 562.44 Td (esent ) Tj ET Q
q 0 0 0 rg BT 88.75 562.44 Td (value ) Tj ET Q
q 0 0 0 rg BT 115.30 562.44 Td (of ) Tj ET Q
q 0 0 0 rg BT 126.67 562.44 Td (lease ) Tj ET Q
q 0 0 0 rg BT 150.87 562.44 Td (liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 362.50 562.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.85 562.42 Td (355,483) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.50 562.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 562.42 Td (1,068) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 500.50 562.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 524.85 562.44 Td (356,551) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 532.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.79 532.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 75.15 532.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 105.17 532.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 120.91 532.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 147.15 532.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.60 532.95 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 239.84 532.95 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 285.02 532.95 Td (lease ) Tj ET Q
q 0 0 0 rg BT 308.63 532.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 334.57 532.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 352.35 532.95 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 429.59 532.95 Td (discount ) Tj ET Q
q 0 0 0 rg BT 467.79 532.95 Td (rates ) Tj ET Q
q 0 0 0 rg BT 490.22 532.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 505.08 532.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 547.35 532.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 520.35 Td (finance ) Tj ET Q
q 0 0 0 rg BT 83.02 520.35 Td (leases ) Tj ET Q
q 0 0 0 rg BT 110.72 520.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 133.74 520.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 145.12 520.35 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 494.85 m
364 494.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 494.85 m
463 494.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
467 494.85 m
562 494.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 494.85 m
463 494.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
467 494.85 m
562 494.85 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 378.40 499.62 Td (Operating Leases) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.75 499.62 Td (Finance Leases) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 484.62 Td (W) Tj ET Q
q 0 0 0 rg BT 60.99 484.62 Td (eighted-average remaining lease term \(in years\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 446.35 484.64 Td (4.8) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 545.35 484.64 Td (1.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 469.62 Td (W) Tj ET Q
q 0 0 0 rg BT 60.57 469.62 Td (eighted-average discount rates) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 438.85 469.64 Td (3.9) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 452.00 469.64 Td (%) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 537.85 469.64 Td (3.2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 551.00 469.64 Td (%) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 440.15 Td (Supplemental ) Tj ET Q
q 0 0 0 rg BT 109.87 440.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 131.15 440.15 Td (flow ) Tj ET Q
q 0 0 0 rg BT 153.02 440.15 Td (information ) Tj ET Q
q 0 0 0 rg BT 205.22 440.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 236.41 440.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 247.20 440.15 Td (leases ) Tj ET Q
q 0 0 0 rg BT 274.90 440.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 293.85 440.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 305.23 440.15 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 414.65 m
406 414.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410 414.65 m
562 414.65 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 423.10 419.44 Td (Y) Tj ET Q
q 0 0 0 rg BT 429.52 419.44 Td (ear) Tj ET Q
q 0 0 0 rg BT 443.90 419.44 Td ( Ended Mar) Tj ET Q
q 0 0 0 rg BT 497.97 419.44 Td (ch 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 404.42 Td (Cash paid for amounts included in the measurement of lease liabilities:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.50 389.42 Td (Operating cash flows from operating leases) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 412.50 389.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 529.10 389.44 Td (91,602) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.50 374.42 Td (Financing cash flows from finance leases) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 542.25 374.44 Td (932) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 344.95 Td (W) Tj ET Q
q 0 0 0 rg BT 58.99 344.95 Td (ith ) Tj ET Q
q 0 0 0 rg BT 72.29 344.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 87.34 344.95 Td (exception ) Tj ET Q
q 0 0 0 rg BT 130.37 344.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 141.33 344.95 Td ($4,328) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 170.21 344.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 172.42 344.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 203.20 344.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 213.59 344.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 228.63 344.95 Td (previously ) Tj ET Q
q 0 0 0 rg BT 275.18 344.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 317.64 344.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 368.26 344.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 379.23 344.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 410.00 344.95 Td (ROU ) Tj ET Q
q 0 0 0 rg BT 434.39 344.95 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 463.73 344.95 Td (there ) Tj ET Q
q 0 0 0 rg BT 486.93 344.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 505.48 344.95 Td (no ) Tj ET Q
q 0 0 0 rg BT 518.19 344.95 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 332.35 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 90.03 332.35 Td (lease ) Tj ET Q
q 0 0 0 rg BT 113.64 332.35 Td (activity ) Tj ET Q
q 0 0 0 rg BT 147.76 332.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 162.62 332.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.08 332.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 198.77 332.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 226.47 332.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 256.50 332.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 272.25 332.35 Td (2020. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 307.15 Td (Under ) Tj ET Q
q 0 0 0 rg BT 77.87 307.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 100.42 307.15 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 148.62 307.15 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 191.28 307.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 202.16 307.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 213.04 307.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 242.58 307.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 257.84 307.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 283.60 307.15 Td (minimum ) Tj ET Q
q 0 0 0 rg BT 326.57 307.15 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 369.51 307.15 Td (rentals ) Tj ET Q
q 0 0 0 rg BT 399.63 307.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 425.68 307.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 467.46 307.15 Td (leases ) Tj ET Q
q 0 0 0 rg BT 494.67 307.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 517.21 307.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 528.09 307.15 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 270.65 m
494 270.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 270.65 m
563 270.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 270.65 m
563 270.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 180.64999999999998 m
494 180.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 165.64999999999998 m
494 165.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 180.64999999999998 m
563 180.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 165.64999999999998 m
563 165.64999999999998 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.00 285.92 Td (Operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.70 275.42 Td (Leases) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 540.27 280.18 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 260.42 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.50 260.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 260.42 Td (90,667) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 245.42 Td (2021) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 245.42 Td (86,095) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 230.42 Td (2022) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 230.42 Td (84,485) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 215.42 Td (2023) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 215.42 Td (83,425) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 200.42 Td (2024) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 200.42 Td (72,192) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 185.42 Td (Thereafter) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 185.42 Td (47,240) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 170.42 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 170.42 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.50 170.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 170.42 Td (464,104) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 155.95 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 61.43 155.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 63.31 155.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 78.55 155.95 Td (minimum ) Tj ET Q
q 0 0 0 rg BT 113.63 155.95 Td (rental ) Tj ET Q
q 0 0 0 rg BT 135.01 155.95 Td (commitments ) Tj ET Q
q 0 0 0 rg BT 183.31 155.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 201.37 155.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 214.26 155.95 Td (been ) Tj ET Q
q 0 0 0 rg BT 232.33 155.95 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 261.25 155.95 Td (by ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 271.78 155.95 Td ($97,816) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 299.40 155.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 301.42 155.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 313.36 155.95 Td (minimum ) Tj ET Q
q 0 0 0 rg BT 348.44 155.95 Td (sublease ) Tj ET Q
q 0 0 0 rg BT 379.26 155.95 Td (rentals ) Tj ET Q
q 0 0 0 rg BT 403.94 155.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 412.58 155.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 422.62 155.95 Td (received ) Tj ET Q
q 0 0 0 rg BT 453.43 155.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 474.81 155.95 Td (non-cancelable ) Tj ET Q
q 0 0 0 rg BT 528.27 155.95 Td (subleases.) Tj ET Q
endstream
endobj
247 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 248 0 R>>
endobj
248 0 obj
<</Length 42132>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (121) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (9) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 55.25 741.90 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.25 741.90 Td (Commitments ) Tj ET Q
q 0 0 0 rg BT 126.45 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 146.00 741.90 Td (Contingencies) Tj ET Q
BT /F2 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.70 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.22 716.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 73.52 716.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 102.47 716.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 117.15 716.70 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 138.15 716.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 142.32 716.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 165.45 716.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 195.58 716.70 Td (had ) Tj ET Q
q 0 0 0 rg BT 212.30 716.70 Td (commitments ) Tj ET Q
q 0 0 0 rg BT 271.01 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 280.73 716.70 Td (invest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.36 716.70 Td ($16,372) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.48 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 343.04 716.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 352.75 716.70 Td (limited ) Tj ET Q
q 0 0 0 rg BT 384.05 716.70 Td (partnerships ) Tj ET Q
q 0 0 0 rg BT 436.93 716.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 454.22 716.70 Td (make ) Tj ET Q
q 0 0 0 rg BT 478.51 716.70 Td (private ) Tj ET Q
q 0 0 0 rg BT 509.22 716.70 Td (investments. ) Tj ET Q
q 0 0 0 rg BT 564.63 716.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 704.10 Td (These ) Tj ET Q
q 0 0 0 rg BT 77.92 704.10 Td (commitments ) Tj ET Q
q 0 0 0 rg BT 137.93 704.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 153.59 704.10 Td (expected ) Tj ET Q
q 0 0 0 rg BT 193.75 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 204.76 704.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 217.52 704.10 Td (outstanding, ) Tj ET Q
q 0 0 0 rg BT 271.99 704.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 283.58 704.10 Td (funded ) Tj ET Q
q 0 0 0 rg BT 315.59 704.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 327.18 704.10 Td (required, ) Tj ET Q
q 0 0 0 rg BT 367.64 704.10 Td (through ) Tj ET Q
q 0 0 0 rg BT 403.15 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.82 704.10 Td (end ) Tj ET Q
q 0 0 0 rg BT 436.83 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 448.42 704.10 Td (their ) Tj ET Q
q 0 0 0 rg BT 470.51 704.10 Td (respective ) Tj ET Q
q 0 0 0 rg BT 515.92 704.10 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.50 Td (periods ) Tj ET Q
q 0 0 0 rg BT 82.90 691.50 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 116.97 691.50 Td (through ) Tj ET Q
q 0 0 0 rg BT 151.63 691.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 176.36 691.50 Td (2030. ) Tj ET Q
q 0 0 0 rg BT 201.97 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 203.52 691.50 Td (Also, ) Tj ET Q
q 0 0 0 rg BT 227.98 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 238.14 691.50 Td (connection ) Tj ET Q
q 0 0 0 rg BT 286.20 691.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 306.86 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 321.68 691.50 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 369.75 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 380.48 691.50 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 413.97 691.50 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 450.37 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 460.09 691.50 Td (April ) Tj ET Q
q 0 0 0 rg BT 484.25 691.50 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 509.86 691.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.43 691.50 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.90 Td (committed ) Tj ET Q
q 0 0 0 rg BT 97.53 678.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 108.33 678.90 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 153.53 678.90 Td (provide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 188.23 678.90 Td ($100,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.60 678.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 230.23 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 241.60 678.90 Td (seed ) Tj ET Q
q 0 0 0 rg BT 262.88 678.90 Td (capital ) Tj ET Q
q 0 0 0 rg BT 293.49 678.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 304.28 678.90 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 338.40 678.90 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 375.44 678.90 Td (products.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.70 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.98 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 77.03 653.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 107.74 653.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 124.18 653.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 151.11 653.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 175.99 653.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 207.89 653.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 228.11 653.70 Td (had ) Tj ET Q
q 0 0 0 rg BT 246.58 653.70 Td (future ) Tj ET Q
q 0 0 0 rg BT 274.96 653.70 Td (commitments ) Tj ET Q
q 0 0 0 rg BT 335.43 653.70 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.82 653.70 Td ($87,209) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.94 653.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 408.25 653.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 440.12 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 451.60 653.70 Td (multi-year ) Tj ET Q
q 0 0 0 rg BT 498.64 653.70 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 549.76 653.70 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 641.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 81.88 641.10 Td (services, ) Tj ET Q
q 0 0 0 rg BT 121.64 641.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.71 641.10 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 162.68 641.10 Td ($45,297) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 196.81 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 200.13 641.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 218.60 641.10 Td ($21,737) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.73 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 256.05 641.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 275.70 641.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 288.93 641.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 307.41 641.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 318.89 641.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 344.95 641.10 Td (2021 ) Tj ET Q
q 0 0 0 rg BT 369.27 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 387.74 641.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 413.80 641.10 Td (2022, ) Tj ET Q
q 0 0 0 rg BT 440.74 641.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 490.79 641.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 496.73 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 499.81 641.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 519.45 641.10 Td (remaining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.50 Td ($20,175) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.13 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 86.75 628.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 96.38 628.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 114.16 628.50 Td (through ) Tj ET Q
q 0 0 0 rg BT 149.45 628.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 174.82 628.50 Td (2028. ) Tj ET Q
q 0 0 0 rg BT 201.07 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 203.69 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 206.32 628.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.26 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.60 603.30 Td (normal ) Tj ET Q
q 0 0 0 rg BT 108.85 603.30 Td (course ) Tj ET Q
q 0 0 0 rg BT 138.76 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 150.02 603.30 Td (business, ) Tj ET Q
q 0 0 0 rg BT 190.74 603.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 214.83 603.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 245.92 603.30 Td (enters ) Tj ET Q
q 0 0 0 rg BT 273.51 603.30 Td (into ) Tj ET Q
q 0 0 0 rg BT 292.35 603.30 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 332.76 603.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 351.02 603.30 Td (contain ) Tj ET Q
q 0 0 0 rg BT 384.44 603.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 391.61 603.30 Td (variety ) Tj ET Q
q 0 0 0 rg BT 423.27 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 434.53 603.30 Td (representations ) Tj ET Q
q 0 0 0 rg BT 500.60 603.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 518.27 603.30 Td (warranties ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.66 590.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 85.91 590.70 Td (provide ) Tj ET Q
q 0 0 0 rg BT 120.49 590.70 Td (general ) Tj ET Q
q 0 0 0 rg BT 153.88 590.70 Td (indemnifications, ) Tj ET Q
q 0 0 0 rg BT 229.58 590.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 257.74 590.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 273.06 590.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 288.98 590.70 Td (considered ) Tj ET Q
q 0 0 0 rg BT 336.97 590.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 376.20 590.70 Td (guarantees ) Tj ET Q
q 0 0 0 rg BT 423.60 590.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 436.60 590.70 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 472.91 590.70 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 521.48 590.70 Td (guidance. ) Tj ET Q
q 0 0 0 rg BT 564.63 590.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 567.26 590.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 578.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.27 578.10 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 105.77 578.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 112.54 578.10 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 157.81 578.10 Td (exposure ) Tj ET Q
q 0 0 0 rg BT 198.41 578.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 225.01 578.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 249.27 578.10 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 308.52 578.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 318.21 578.10 Td (unknown, ) Tj ET Q
q 0 0 0 rg BT 362.61 578.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 374.05 578.10 Td (this ) Tj ET Q
q 0 0 0 rg BT 391.91 578.10 Td (would ) Tj ET Q
q 0 0 0 rg BT 420.85 578.10 Td (involve ) Tj ET Q
q 0 0 0 rg BT 455.04 578.10 Td (future ) Tj ET Q
q 0 0 0 rg BT 482.80 578.10 Td (claims ) Tj ET Q
q 0 0 0 rg BT 512.90 578.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 531.34 578.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 552.11 578.10 Td (be ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.50 Td (made ) Tj ET Q
q 0 0 0 rg BT 75.36 565.50 Td (against ) Tj ET Q
q 0 0 0 rg BT 107.73 565.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 131.93 565.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 163.14 565.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 181.51 565.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 203.96 565.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 220.00 565.50 Td (yet ) Tj ET Q
q 0 0 0 rg BT 235.45 565.50 Td (occurred.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.29 540.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.58 540.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 122.29 540.30 Td (been ) Tj ET Q
q 0 0 0 rg BT 144.83 540.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 160.37 540.30 Td (subject ) Tj ET Q
q 0 0 0 rg BT 192.82 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 204.28 540.30 Td (customer ) Tj ET Q
q 0 0 0 rg BT 245.48 540.30 Td (complaints ) Tj ET Q
q 0 0 0 rg BT 294.27 540.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.15 540.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 328.85 540.30 Td (also ) Tj ET Q
q 0 0 0 rg BT 348.48 540.30 Td (been ) Tj ET Q
q 0 0 0 rg BT 371.02 540.30 Td (named ) Tj ET Q
q 0 0 0 rg BT 401.72 540.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 413.18 540.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 420.55 540.30 Td (defendant ) Tj ET Q
q 0 0 0 rg BT 464.66 540.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 475.54 540.30 Td (various ) Tj ET Q
q 0 0 0 rg BT 509.16 540.30 Td (legal ) Tj ET Q
q 0 0 0 rg BT 532.28 540.30 Td (actions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 527.70 Td (arising ) Tj ET Q
q 0 0 0 rg BT 81.56 527.70 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 123.62 527.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 147.01 527.70 Td (asset ) Tj ET Q
q 0 0 0 rg BT 170.40 527.70 Td (management, ) Tj ET Q
q 0 0 0 rg BT 229.66 527.70 Td (securities ) Tj ET Q
q 0 0 0 rg BT 272.29 527.70 Td (brokerage, ) Tj ET Q
q 0 0 0 rg BT 319.88 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 338.02 527.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 387.08 527.70 Td (banking ) Tj ET Q
q 0 0 0 rg BT 423.89 527.70 Td (activities, ) Tj ET Q
q 0 0 0 rg BT 467.40 527.70 Td (including ) Tj ET Q
q 0 0 0 rg BT 510.05 527.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 541.59 527.70 Td (class ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 515.10 Td (actions, ) Tj ET Q
q 0 0 0 rg BT 84.96 515.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 113.21 515.10 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 154.87 515.10 Td (allege ) Tj ET Q
q 0 0 0 rg BT 182.53 515.10 Td (violations ) Tj ET Q
q 0 0 0 rg BT 226.53 515.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 237.87 515.10 Td (securities ) Tj ET Q
q 0 0 0 rg BT 280.11 515.10 Td (laws ) Tj ET Q
q 0 0 0 rg BT 301.95 515.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 319.70 515.10 Td (seek ) Tj ET Q
q 0 0 0 rg BT 340.95 515.10 Td (unspecified ) Tj ET Q
q 0 0 0 rg BT 391.94 515.10 Td (damages, ) Tj ET Q
q 0 0 0 rg BT 433.89 515.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 462.14 515.10 Td (could ) Tj ET Q
q 0 0 0 rg BT 488.05 515.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 500.55 515.10 Td (substantial. ) Tj ET Q
q 0 0 0 rg BT 550.68 515.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 553.27 515.10 Td (In ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.08 502.50 Td (normal ) Tj ET Q
q 0 0 0 rg BT 97.07 502.50 Td (course ) Tj ET Q
q 0 0 0 rg BT 126.72 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 137.72 502.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 149.89 502.50 Td (business, ) Tj ET Q
q 0 0 0 rg BT 190.35 502.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 214.18 502.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 245.01 502.50 Td (has ) Tj ET Q
q 0 0 0 rg BT 261.26 502.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 280.42 502.50 Td (received ) Tj ET Q
q 0 0 0 rg BT 318.23 502.50 Td (subpoenas ) Tj ET Q
q 0 0 0 rg BT 364.22 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 381.63 502.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 390.88 502.50 Td (currently ) Tj ET Q
q 0 0 0 rg BT 431.03 502.50 Td (involved ) Tj ET Q
q 0 0 0 rg BT 470.03 502.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 480.44 502.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 504.27 502.50 Td (governmental ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 489.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.72 489.90 Td (industry ) Tj ET Q
q 0 0 0 rg BT 102.70 489.90 Td (self-regulatory ) Tj ET Q
q 0 0 0 rg BT 166.06 489.90 Td (agency ) Tj ET Q
q 0 0 0 rg BT 197.35 489.90 Td (inquiries, ) Tj ET Q
q 0 0 0 rg BT 238.28 489.90 Td (investigations ) Tj ET Q
q 0 0 0 rg BT 298.17 489.90 Td (and, ) Tj ET Q
q 0 0 0 rg BT 317.52 489.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 339.49 489.90 Td (time ) Tj ET Q
q 0 0 0 rg BT 359.71 489.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 369.43 489.90 Td (time, ) Tj ET Q
q 0 0 0 rg BT 392.28 489.90 Td (proceedings ) Tj ET Q
q 0 0 0 rg BT 444.57 489.90 Td (involving ) Tj ET Q
q 0 0 0 rg BT 486.38 489.90 Td (asset ) Tj ET Q
q 0 0 0 rg BT 508.35 489.90 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 477.30 Td (activities. ) Tj ET Q
q 0 0 0 rg BT 94.61 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.69 477.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 111.52 477.30 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 162.81 477.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 185.56 477.30 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 227.54 477.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 243.87 477.30 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 294.02 477.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 310.34 477.30 Td (contingencies, ) Tj ET Q
q 0 0 0 rg BT 374.78 477.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 400.44 477.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 433.10 477.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 451.18 477.30 Td (established ) Tj ET Q
q 0 0 0 rg BT 501.92 477.30 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 549.75 477.30 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 464.70 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 92.81 464.70 Td (losses ) Tj ET Q
q 0 0 0 rg BT 120.47 464.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 143.45 464.70 Td (pending ) Tj ET Q
q 0 0 0 rg BT 179.84 464.70 Td (complaints, ) Tj ET Q
q 0 0 0 rg BT 231.12 464.70 Td (legal ) Tj ET Q
q 0 0 0 rg BT 254.09 464.70 Td (actions, ) Tj ET Q
q 0 0 0 rg BT 289.03 464.70 Td (investigations ) Tj ET Q
q 0 0 0 rg BT 349.93 464.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 367.66 464.70 Td (proceedings ) Tj ET Q
q 0 0 0 rg BT 420.96 464.70 Td (when ) Tj ET Q
q 0 0 0 rg BT 446.28 464.70 Td (it ) Tj ET Q
q 0 0 0 rg BT 454.68 464.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 464.26 464.70 Td (probable ) Tj ET Q
q 0 0 0 rg BT 503.56 464.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 521.88 464.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 529.11 464.70 Td (loss ) Tj ET Q
q 0 0 0 rg BT 548.02 464.70 Td (has ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 452.10 Td (been ) Tj ET Q
q 0 0 0 rg BT 72.45 452.10 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 110.05 452.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 127.84 452.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 135.12 452.10 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 182.64 452.10 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 220.26 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 231.63 452.10 Td (loss ) Tj ET Q
q 0 0 0 rg BT 250.59 452.10 Td (can ) Tj ET Q
q 0 0 0 rg BT 267.79 452.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 280.32 452.10 Td (made.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.90 Td (There ) Tj ET Q
q 0 0 0 rg BT 76.43 426.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 91.20 426.90 Td (matters ) Tj ET Q
q 0 0 0 rg BT 124.06 426.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 134.75 426.90 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 174.62 426.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 191.73 426.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 215.25 426.90 Td (proceedings, ) Tj ET Q
q 0 0 0 rg BT 270.56 426.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 312.17 426.90 Td (those ) Tj ET Q
q 0 0 0 rg BT 336.29 426.90 Td (described ) Tj ET Q
q 0 0 0 rg BT 378.47 426.90 Td (above ) Tj ET Q
q 0 0 0 rg BT 405.49 426.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 416.19 426.90 Td (customer ) Tj ET Q
q 0 0 0 rg BT 456.63 426.90 Td (complaints, ) Tj ET Q
q 0 0 0 rg BT 507.28 426.90 Td (legal ) Tj ET Q
q 0 0 0 rg BT 529.63 426.90 Td (actions, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 414.30 Td (inquiries, ) Tj ET Q
q 0 0 0 rg BT 91.76 414.30 Td (proceedings ) Tj ET Q
q 0 0 0 rg BT 144.87 414.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 162.42 414.30 Td (investigations, ) Tj ET Q
q 0 0 0 rg BT 225.76 414.30 Td (where ) Tj ET Q
q 0 0 0 rg BT 253.79 414.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 277.75 414.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 308.72 414.30 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 339.09 414.30 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 376.47 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.68 414.30 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 439.54 414.30 Td (possible ) Tj ET Q
q 0 0 0 rg BT 476.35 414.30 Td (loss ) Tj ET Q
q 0 0 0 rg BT 495.07 414.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 506.20 414.30 Td (range ) Tj ET Q
q 0 0 0 rg BT 531.90 414.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 543.04 414.30 Td (loss. ) Tj ET Q
q 0 0 0 rg BT 564.63 414.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 401.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.49 401.70 Td (inability ) Tj ET Q
q 0 0 0 rg BT 105.65 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 115.99 401.70 Td (provide ) Tj ET Q
q 0 0 0 rg BT 150.23 401.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 157.05 401.70 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 204.70 401.70 Td (possible ) Tj ET Q
q 0 0 0 rg BT 241.28 401.70 Td (amount ) Tj ET Q
q 0 0 0 rg BT 274.94 401.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 285.85 401.70 Td (range ) Tj ET Q
q 0 0 0 rg BT 311.34 401.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.25 401.70 Td (losses ) Tj ET Q
q 0 0 0 rg BT 349.50 401.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 358.67 401.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 374.25 401.70 Td (because ) Tj ET Q
q 0 0 0 rg BT 409.65 401.70 Td (there ) Tj ET Q
q 0 0 0 rg BT 432.80 401.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 441.97 401.70 Td (uncertainty ) Tj ET Q
q 0 0 0 rg BT 491.36 401.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 502.27 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 512.61 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.60 401.70 Td (ultimate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 389.10 Td (outcome ) Tj ET Q
q 0 0 0 rg BT 87.85 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 98.30 389.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 104.66 389.10 Td (matter) Tj ET Q
q 0 0 0 rg BT 131.06 389.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 135.38 389.10 Td (but ) Tj ET Q
q 0 0 0 rg BT 150.50 389.10 Td (because ) Tj ET Q
q 0 0 0 rg BT 185.42 389.10 Td (liability ) Tj ET Q
q 0 0 0 rg BT 219.79 389.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 236.65 389.10 Td (damage ) Tj ET Q
q 0 0 0 rg BT 270.99 389.10 Td (issues ) Tj ET Q
q 0 0 0 rg BT 297.78 389.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 319.30 389.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 334.42 389.10 Td (developed ) Tj ET Q
q 0 0 0 rg BT 379.26 389.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 389.13 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.66 389.10 Td (point ) Tj ET Q
q 0 0 0 rg BT 426.94 389.10 Td (where ) Tj ET Q
q 0 0 0 rg BT 454.29 389.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 477.56 389.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 507.84 389.10 Td (can ) Tj ET Q
q 0 0 0 rg BT 524.11 389.10 Td (conclude ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.83 376.50 Td (there ) Tj ET Q
q 0 0 0 rg BT 90.90 376.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 100.00 376.50 Td (both ) Tj ET Q
q 0 0 0 rg BT 120.75 376.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 127.50 376.50 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 174.48 376.50 Td (possibility ) Tj ET Q
q 0 0 0 rg BT 220.32 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 231.16 376.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 237.91 376.50 Td (loss ) Tj ET Q
q 0 0 0 rg BT 256.33 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 273.58 376.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 280.33 376.50 Td (meaningful ) Tj ET Q
q 0 0 0 rg BT 330.24 376.50 Td (amount ) Tj ET Q
q 0 0 0 rg BT 363.82 376.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 374.65 376.50 Td (range ) Tj ET Q
q 0 0 0 rg BT 400.06 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 410.89 376.50 Td (possible ) Tj ET Q
q 0 0 0 rg BT 447.40 376.50 Td (losses. ) Tj ET Q
q 0 0 0 rg BT 477.19 376.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 479.13 376.50 Td (There ) Tj ET Q
q 0 0 0 rg BT 505.70 376.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 520.60 376.50 Td (numerous ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 363.90 Td (aspects ) Tj ET Q
q 0 0 0 rg BT 84.05 363.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 95.94 363.90 Td (customer ) Tj ET Q
q 0 0 0 rg BT 138.15 363.90 Td (complaints, ) Tj ET Q
q 0 0 0 rg BT 190.58 363.90 Td (legal ) Tj ET Q
q 0 0 0 rg BT 214.71 363.90 Td (actions, ) Tj ET Q
q 0 0 0 rg BT 250.80 363.90 Td (inquiries, ) Tj ET Q
q 0 0 0 rg BT 293.90 363.90 Td (proceedings ) Tj ET Q
q 0 0 0 rg BT 348.36 363.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 367.24 363.90 Td (investigations ) Tj ET Q
q 0 0 0 rg BT 429.30 363.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 448.77 363.90 Td (prevent ) Tj ET Q
q 0 0 0 rg BT 483.98 363.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 509.28 363.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 541.58 363.90 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.30 Td (estimating ) Tj ET Q
q 0 0 0 rg BT 96.46 351.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 103.84 351.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 135.11 351.30 Td (amount ) Tj ET Q
q 0 0 0 rg BT 169.32 351.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 180.79 351.30 Td (range ) Tj ET Q
q 0 0 0 rg BT 206.82 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 218.28 351.30 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 266.48 351.30 Td (possible ) Tj ET Q
q 0 0 0 rg BT 303.61 351.30 Td (losses. ) Tj ET Q
q 0 0 0 rg BT 334.04 351.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 336.56 351.30 Td (These ) Tj ET Q
q 0 0 0 rg BT 364.34 351.30 Td (aspects ) Tj ET Q
q 0 0 0 rg BT 397.38 351.30 Td (include, ) Tj ET Q
q 0 0 0 rg BT 433.63 351.30 Td (among ) Tj ET Q
q 0 0 0 rg BT 464.92 351.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 489.21 351.30 Td (things, ) Tj ET Q
q 0 0 0 rg BT 520.22 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 535.76 351.30 Td (nature ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.07 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.21 338.70 Td (matters; ) Tj ET Q
q 0 0 0 rg BT 112.36 338.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 130.42 338.70 Td (significant ) Tj ET Q
q 0 0 0 rg BT 177.07 338.70 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 213.20 338.70 Td (facts ) Tj ET Q
q 0 0 0 rg BT 235.34 338.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 250.48 338.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 266.22 338.70 Td (known, ) Tj ET Q
q 0 0 0 rg BT 299.75 338.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 314.88 338.70 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 356.27 338.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 367.33 338.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 382.47 338.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 392.96 338.70 Td (dispute; ) Tj ET Q
q 0 0 0 rg BT 428.53 338.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 446.01 338.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 464.07 338.70 Td (damages ) Tj ET Q
q 0 0 0 rg BT 503.13 338.70 Td (sought ) Tj ET Q
q 0 0 0 rg BT 533.45 338.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 548.59 338.70 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 326.10 Td (specified, ) Tj ET Q
q 0 0 0 rg BT 93.37 326.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 109.04 326.10 Td (uncertain, ) Tj ET Q
q 0 0 0 rg BT 153.58 326.10 Td (unsupportable ) Tj ET Q
q 0 0 0 rg BT 215.91 326.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 227.51 326.10 Td (unexplained. ) Tj ET Q
q 0 0 0 rg BT 284.30 326.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 287.15 326.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 298.74 326.10 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 338.63 326.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 353.72 326.10 Td (legal ) Tj ET Q
q 0 0 0 rg BT 376.97 326.10 Td (actions, ) Tj ET Q
q 0 0 0 rg BT 412.19 326.10 Td (discovery ) Tj ET Q
q 0 0 0 rg BT 455.86 326.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 476.78 326.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 493.05 326.10 Td (yet ) Tj ET Q
q 0 0 0 rg BT 508.73 326.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 531.40 326.10 Td (started, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 313.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 70.42 313.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 86.17 313.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 98.42 313.50 Td (complete ) Tj ET Q
q 0 0 0 rg BT 139.24 313.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 150.33 313.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 170.74 313.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 186.50 313.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 198.75 313.50 Td (conclusive, ) Tj ET Q
q 0 0 0 rg BT 248.61 313.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 266.11 313.50 Td (meaningful ) Tj ET Q
q 0 0 0 rg BT 316.27 313.50 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 361.76 313.50 Td (discussions ) Tj ET Q
q 0 0 0 rg BT 411.94 313.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 432.36 313.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 448.11 313.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 470.27 313.50 Td (occurred. ) Tj ET Q
q 0 0 0 rg BT 511.96 313.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 514.30 313.50 Td (Further) Tj ET Q
q 0 0 0 rg BT 544.79 313.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 549.75 313.50 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 300.90 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 97.06 300.90 Td (matters, ) Tj ET Q
q 0 0 0 rg BT 134.51 300.90 Td (investigations ) Tj ET Q
q 0 0 0 rg BT 196.76 300.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 218.75 300.90 Td (run ) Tj ET Q
q 0 0 0 rg BT 236.67 300.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 259.82 300.90 Td (course ) Tj ET Q
q 0 0 0 rg BT 291.14 300.90 Td (without ) Tj ET Q
q 0 0 0 rg BT 327.14 300.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 346.22 300.90 Td (clear ) Tj ET Q
q 0 0 0 rg BT 370.53 300.90 Td (indication ) Tj ET Q
q 0 0 0 rg BT 416.44 300.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 429.10 300.90 Td (wrongdoing ) Tj ET Q
q 0 0 0 rg BT 483.76 300.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 496.42 300.90 Td (fault ) Tj ET Q
q 0 0 0 rg BT 519.58 300.90 Td (until ) Tj ET Q
q 0 0 0 rg BT 542.75 300.90 Td (their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 288.30 Td (conclusion.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 263.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.15 263.10 Td (management's ) Tj ET Q
q 0 0 0 rg BT 123.17 263.10 Td (opinion, ) Tj ET Q
q 0 0 0 rg BT 160.28 263.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 172.59 263.10 Td (adequate ) Tj ET Q
q 0 0 0 rg BT 212.30 263.10 Td (accrual ) Tj ET Q
q 0 0 0 rg BT 245.00 263.10 Td (has ) Tj ET Q
q 0 0 0 rg BT 261.40 263.10 Td (been ) Tj ET Q
q 0 0 0 rg BT 283.62 263.10 Td (made ) Tj ET Q
q 0 0 0 rg BT 308.76 263.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 319.91 263.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.05 263.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 360.86 263.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 376.38 263.10 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 397.38 263.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 402.40 263.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 412.97 263.10 Td (provide ) Tj ET Q
q 0 0 0 rg BT 447.45 263.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 462.09 263.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 479.65 263.10 Td (probable ) Tj ET Q
q 0 0 0 rg BT 518.78 263.10 Td (losses ) Tj ET Q
q 0 0 0 rg BT 546.27 263.10 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 250.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 70.92 250.50 Td (arise ) Tj ET Q
q 0 0 0 rg BT 93.58 250.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 116.82 250.50 Td (matters ) Tj ET Q
q 0 0 0 rg BT 150.57 250.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 165.65 250.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 194.15 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.81 250.50 Td (Company ) Tj ET Q
q 0 0 0 rg BT 253.48 250.50 Td (could ) Tj ET Q
q 0 0 0 rg BT 279.65 250.50 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 327.97 250.50 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 365.80 250.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 378.55 250.50 Td (amount. ) Tj ET Q
q 0 0 0 rg BT 415.50 250.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 418.34 250.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 442.75 250.50 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 480.15 250.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 519.72 250.50 Td (condition, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 237.90 Td (results ) Tj ET Q
q 0 0 0 rg BT 79.76 237.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 90.85 237.90 Td (operations ) Tj ET Q
q 0 0 0 rg BT 136.93 237.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 154.44 237.90 Td (cash ) Tj ET Q
q 0 0 0 rg BT 175.44 237.90 Td (flows ) Tj ET Q
q 0 0 0 rg BT 201.12 237.90 Td (could ) Tj ET Q
q 0 0 0 rg BT 226.79 237.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 239.05 237.90 Td (materially ) Tj ET Q
q 0 0 0 rg BT 283.96 237.90 Td (af) Tj ET Q
q 0 0 0 rg BT 291.92 237.90 Td (fected ) Tj ET Q
q 0 0 0 rg BT 319.91 237.90 Td (during ) Tj ET Q
q 0 0 0 rg BT 349.67 237.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 356.68 237.90 Td (period ) Tj ET Q
q 0 0 0 rg BT 385.85 237.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 396.36 237.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 424.36 237.90 Td (probable ) Tj ET Q
q 0 0 0 rg BT 463.44 237.90 Td (losses ) Tj ET Q
q 0 0 0 rg BT 490.87 237.90 Td (become ) Tj ET Q
q 0 0 0 rg BT 525.87 237.90 Td (apparent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 225.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 61.71 225.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 69.32 225.30 Td (matter ) Tj ET Q
q 0 0 0 rg BT 99.10 225.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 109.07 225.30 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 154.60 225.30 Td (resolved. ) Tj ET Q
q 0 0 0 rg BT 195.76 225.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 198.71 225.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 210.42 225.30 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 250.42 225.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 266.20 225.30 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 303.57 225.30 Td (costs ) Tj ET Q
q 0 0 0 rg BT 327.53 225.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 339.23 225.30 Td (litigation-related ) Tj ET Q
q 0 0 0 rg BT 412.17 225.30 Td (char) Tj ET Q
q 0 0 0 rg BT 430.05 225.30 Td (ges ) Tj ET Q
q 0 0 0 rg BT 447.00 225.30 Td (can ) Tj ET Q
q 0 0 0 rg BT 464.53 225.30 Td (vary ) Tj ET Q
q 0 0 0 rg BT 486.15 225.30 Td (significantly ) Tj ET Q
q 0 0 0 rg BT 541.60 225.30 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 212.70 Td (period-to-period, ) Tj ET Q
q 0 0 0 rg BT 123.93 212.70 Td (depending ) Tj ET Q
q 0 0 0 rg BT 170.17 212.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 183.16 212.70 Td (factors ) Tj ET Q
q 0 0 0 rg BT 214.22 212.70 Td (such ) Tj ET Q
q 0 0 0 rg BT 235.97 212.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 247.21 212.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 278.86 212.70 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 327.73 212.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 343.05 212.70 Td (size ) Tj ET Q
q 0 0 0 rg BT 361.87 212.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 379.53 212.70 Td (volume ) Tj ET Q
q 0 0 0 rg BT 413.52 212.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 424.76 212.70 Td (customer ) Tj ET Q
q 0 0 0 rg BT 465.75 212.70 Td (complaints ) Tj ET Q
q 0 0 0 rg BT 514.32 212.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 531.98 212.70 Td (claims, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 200.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 92.44 200.10 Td (class ) Tj ET Q
q 0 0 0 rg BT 115.63 200.10 Td (action ) Tj ET Q
q 0 0 0 rg BT 144.07 200.10 Td (suits, ) Tj ET Q
q 0 0 0 rg BT 168.73 200.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 186.67 200.10 Td (recoveries ) Tj ET Q
q 0 0 0 rg BT 232.59 200.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 255.78 200.10 Td (indemnification, ) Tj ET Q
q 0 0 0 rg BT 327.66 200.10 Td (contribution, ) Tj ET Q
q 0 0 0 rg BT 384.39 200.10 Td (insurance ) Tj ET Q
q 0 0 0 rg BT 427.41 200.10 Td (reimbursement, ) Tj ET Q
q 0 0 0 rg BT 495.79 200.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 507.32 200.10 Td (reductions ) Tj ET Q
q 0 0 0 rg BT 553.83 200.10 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 187.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.95 187.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 137.48 187.50 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 173.33 187.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 198.11 187.50 Td (arrangements.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 162.30 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.63 162.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 76.34 162.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 106.71 162.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.79 162.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 146.75 162.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 164.88 162.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 191.46 162.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 216.00 162.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 253.52 162.30 Td (liability ) Tj ET Q
q 0 0 0 rg BT 289.15 162.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 304.36 162.30 Td (losses ) Tj ET Q
q 0 0 0 rg BT 332.41 162.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 350.53 162.30 Td (contingencies ) Tj ET Q
q 0 0 0 rg BT 411.22 162.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 430.51 162.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 446.89 162.30 Td (material. ) Tj ET Q
q 0 0 0 rg BT 486.88 162.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 489.84 162.30 Td (Char) Tj ET Q
q 0 0 0 rg BT 510.06 162.30 Td (ges ) Tj ET Q
q 0 0 0 rg BT 527.02 162.30 Td (incurred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 149.70 Td (relating ) Tj ET Q
q 0 0 0 rg BT 84.17 149.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 94.43 149.70 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 134.45 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 151.71 149.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 175.38 149.70 Td (proceedings ) Tj ET Q
q 0 0 0 rg BT 228.21 149.70 Td (during ) Tj ET Q
q 0 0 0 rg BT 257.72 149.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 282.56 149.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 305.66 149.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 328.16 149.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 343.67 149.70 Td (material. ) Tj ET Q
q 0 0 0 rg BT 382.79 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 384.89 149.70 Td (During ) Tj ET Q
q 0 0 0 rg BT 416.74 149.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 441.57 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 443.67 149.70 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 466.77 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 484.03 149.70 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 509.75 149.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.43 149.70 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 137.10 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 87.25 137.10 Td (char) Tj ET Q
q 0 0 0 rg BT 105.13 137.10 Td (ges ) Tj ET Q
q 0 0 0 rg BT 121.40 137.10 Td (relating ) Tj ET Q
q 0 0 0 rg BT 155.74 137.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 166.18 137.10 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 206.37 137.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 223.80 137.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 247.65 137.10 Td (proceedings ) Tj ET Q
q 0 0 0 rg BT 300.65 137.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 311.67 137.10 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.59 137.10 Td ($4,800) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.46 137.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 408.36 137.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.79 137.10 Td ($67,500) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.92 137.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 464.81 137.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 466.92 137.10 Td (T) Tj ET Q
q 0 0 0 rg BT 472.60 137.10 Td (otal ) Tj ET Q
q 0 0 0 rg BT 490.62 137.10 Td (char) Tj ET Q
q 0 0 0 rg BT 508.50 137.10 Td (ges ) Tj ET Q
q 0 0 0 rg BT 524.77 137.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 539.28 137.10 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 124.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 73.63 124.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 91.42 124.50 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 115.04 124.50 Td (reflect ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 144.48 124.50 Td ($4,151) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 173.36 124.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 175.98 124.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 193.77 124.50 Td ($67,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.90 124.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 233.15 124.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 283.19 124.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 288.45 124.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 319.64 124.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 330.43 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 345.89 124.50 Td (resolution ) Tj ET Q
q 0 0 0 rg BT 390.51 124.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 411.81 124.50 Td (both ) Tj ET Q
q 0 0 0 rg BT 433.10 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.56 124.50 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 469.86 124.50 Td (Department ) Tj ET Q
q 0 0 0 rg BT 522.05 124.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 533.42 124.50 Td (Justice ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 111.90 Td (\(�DOJ�\) ) Tj ET Q
q 0 0 0 rg BT 88.40 111.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 106.39 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.05 111.90 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 144.13 111.90 Td (staf) Tj ET Q
q 0 0 0 rg BT 159.10 111.90 Td (f ) Tj ET Q
q 0 0 0 rg BT 165.43 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 177.01 111.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 184.50 111.90 Td (Foreign ) Tj ET Q
q 0 0 0 rg BT 219.99 111.90 Td (Corrupt ) Tj ET Q
q 0 0 0 rg BT 255.49 111.90 Td (Practices ) Tj ET Q
q 0 0 0 rg BT 295.59 111.90 Td (Act ) Tj ET Q
q 0 0 0 rg BT 313.58 111.90 Td (investigation ) Tj ET Q
q 0 0 0 rg BT 370.66 111.90 Td (concerning ) Tj ET Q
q 0 0 0 rg BT 420.14 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 435.79 111.90 Td (activities ) Tj ET Q
q 0 0 0 rg BT 476.53 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.11 111.90 Td (its ) Tj ET Q
q 0 0 0 rg BT 500.86 111.90 Td (former ) Tj ET Q
q 0 0 0 rg BT 532.26 111.90 Td (Permal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 99.30 Td (business ) Tj ET Q
q 0 0 0 rg BT 89.28 99.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 101.13 99.30 Td (connection ) Tj ET Q
q 0 0 0 rg BT 150.89 99.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 173.25 99.30 Td (managing ) Tj ET Q
q 0 0 0 rg BT 218.35 99.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 246.53 99.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 258.97 99.30 Td (Libyan ) Tj ET Q
q 0 0 0 rg BT 292.40 99.30 Td (governmental ) Tj ET Q
q 0 0 0 rg BT 353.82 99.30 Td (entities ) Tj ET Q
q 0 0 0 rg BT 387.84 99.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 399.70 99.30 Td (structures ) Tj ET Q
q 0 0 0 rg BT 444.21 99.30 Td (established ) Tj ET Q
q 0 0 0 rg BT 494.56 99.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 508.75 99.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 517.10 99.30 Td (third-party ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 86.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 89.78 86.70 Td (institution.� ) Tj ET Q
q 0 0 0 rg BT 140.45 86.70 Td (Those ) Tj ET Q
q 0 0 0 rg BT 169.16 86.70 Td (investments ) Tj ET Q
q 0 0 0 rg BT 222.37 86.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 245.82 86.70 Td (made ) Tj ET Q
q 0 0 0 rg BT 271.61 86.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 282.83 86.70 Td (calendar ) Tj ET Q
q 0 0 0 rg BT 321.44 86.70 Td (years ) Tj ET Q
q 0 0 0 rg BT 346.64 86.70 Td (2005 ) Tj ET Q
q 0 0 0 rg BT 370.69 86.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 381.91 86.70 Td (2007 ) Tj ET Q
q 0 0 0 rg BT 405.95 86.70 Td (and�all ) Tj ET Q
q 0 0 0 rg BT 437.29 86.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 460.74 86.70 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 508.68 86.70 Td (no ) Tj ET Q
q 0 0 0 rg BT 522.23 86.70 Td (later ) Tj ET Q
q 0 0 0 rg BT 543.93 86.70 Td (than ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 74.10 Td (2012.� ) Tj ET Q
q 0 0 0 rg BT 78.00 74.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 96.22 74.10 Td (matter ) Tj ET Q
q 0 0 0 rg BT 124.93 74.10 Td (did ) Tj ET Q
q 0 0 0 rg BT 140.23 74.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 155.54 74.10 Td (relate ) Tj ET Q
q 0 0 0 rg BT 180.74 74.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 190.80 74.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 207.85 74.10 Td (current ) Tj ET Q
q 0 0 0 rg BT 239.47 74.10 Td (business ) Tj ET Q
q 0 0 0 rg BT 276.95 74.10 Td (activities ) Tj ET Q
q 0 0 0 rg BT 316.74 74.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 327.38 74.10 Td (client ) Tj ET Q
q 0 0 0 rg BT 352.59 74.10 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 408.14 74.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 418.78 74.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 442.24 74.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 472.71 74.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 483.35 74.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 500.40 74.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 511.03 74.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 522.84 74.10 Td (af) Tj ET Q
q 0 0 0 rg BT 530.81 74.10 Td (filiates.� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 61.50 Td (Resolution ) Tj ET Q
q 0 0 0 rg BT 98.13 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.50 61.50 Td (this ) Tj ET Q
q 0 0 0 rg BT 127.30 61.50 Td (matter ) Tj ET Q
q 0 0 0 rg BT 156.74 61.50 Td (did ) Tj ET Q
q 0 0 0 rg BT 172.78 61.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 188.83 61.50 Td (result ) Tj ET Q
q 0 0 0 rg BT 214.78 61.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 225.57 61.50 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 274.85 61.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 287.98 61.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 312.18 61.50 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 349.37 61.50 Td (ongoing ) Tj ET Q
q 0 0 0 rg BT 386.41 61.50 Td (business ) Tj ET Q
q 0 0 0 rg BT 424.62 61.50 Td (activities ) Tj ET Q
q 0 0 0 rg BT 465.15 61.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 476.52 61.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 494.89 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 506.27 61.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 518.81 61.50 Td (af) Tj ET Q
q 0 0 0 rg BT 526.78 61.50 Td (filiates. ) Tj ET Q
endstream
endobj
249 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 250 0 R>>
endobj
250 0 obj
<</Length 33400>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (122) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (Merger ) Tj ET Q
q 0 0 0 rg BT 84.32 741.90 Td (Agreement) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.11 729.30 Td (Company ) Tj ET Q
q 0 0 0 rg BT 112.73 729.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 129.51 729.30 Td (made ) Tj ET Q
q 0 0 0 rg BT 155.03 729.30 Td (customary ) Tj ET Q
q 0 0 0 rg BT 201.56 729.30 Td (representations ) Tj ET Q
q 0 0 0 rg BT 267.90 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 285.85 729.30 Td (warranties ) Tj ET Q
q 0 0 0 rg BT 332.36 729.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 343.32 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 358.93 729.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 376.23 729.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 391.81 729.30 Td (Agreement. ) Tj ET Q
q 0 0 0 rg BT 443.67 729.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 462.78 729.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 480.08 729.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 495.66 729.30 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 545.09 729.30 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.70 Td (contains ) Tj ET Q
q 0 0 0 rg BT 86.68 716.70 Td (customary ) Tj ET Q
q 0 0 0 rg BT 132.11 716.70 Td (covenants ) Tj ET Q
q 0 0 0 rg BT 175.79 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 192.64 716.70 Td (agreements, ) Tj ET Q
q 0 0 0 rg BT 244.77 716.70 Td (including ) Tj ET Q
q 0 0 0 rg BT 286.12 716.70 Td (covenants ) Tj ET Q
q 0 0 0 rg BT 329.80 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 346.65 716.70 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 396.15 716.70 Td (relating ) Tj ET Q
q 0 0 0 rg BT 429.91 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 439.77 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.29 716.70 Td (conduct ) Tj ET Q
q 0 0 0 rg BT 489.21 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 499.65 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.17 716.70 Td (Company�) Tj ET Q
q 0 0 0 rg BT 557.92 716.70 Td (s ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 704.10 Td (business ) Tj ET Q
q 0 0 0 rg BT 88.35 704.10 Td (between ) Tj ET Q
q 0 0 0 rg BT 126.10 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.70 704.10 Td (date ) Tj ET Q
q 0 0 0 rg BT 161.95 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 173.46 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.06 704.10 Td (signing ) Tj ET Q
q 0 0 0 rg BT 222.75 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.26 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 249.85 704.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 267.16 704.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 282.72 704.10 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 332.13 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 350.06 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.65 704.10 Td (closing ) Tj ET Q
q 0 0 0 rg BT 398.75 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 410.26 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 425.86 704.10 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 478.78 704.10 Td (contemplated ) Tj ET Q
q 0 0 0 rg BT 538.11 704.10 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.45 691.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 82.76 691.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 98.21 691.50 Td (Agreement. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 666.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.70 666.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 86.01 666.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 101.27 666.30 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 150.29 666.30 Td (contains ) Tj ET Q
q 0 0 0 rg BT 187.66 666.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 218.60 666.30 Td (termination ) Tj ET Q
q 0 0 0 rg BT 269.38 666.30 Td (rights ) Tj ET Q
q 0 0 0 rg BT 295.68 666.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 310.30 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.51 666.30 Td (Company ) Tj ET Q
q 0 0 0 rg BT 368.71 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 386.25 666.30 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 424.04 666.30 Td (T) Tj ET Q
q 0 0 0 rg BT 429.72 666.30 Td (empleton, ) Tj ET Q
q 0 0 0 rg BT 473.80 666.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 515.84 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.04 666.30 Td (right ) Tj ET Q
q 0 0 0 rg BT 553.25 666.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.79 653.70 Td (Company ) Tj ET Q
q 0 0 0 rg BT 107.57 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 117.70 653.70 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 159.30 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.09 653.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 191.39 653.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 206.33 653.70 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 254.93 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 265.05 653.70 Td (accept ) Tj ET Q
q 0 0 0 rg BT 293.82 653.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 300.44 653.70 Td (superior ) Tj ET Q
q 0 0 0 rg BT 336.80 653.70 Td (proposal, ) Tj ET Q
q 0 0 0 rg BT 377.55 653.70 Td (subject ) Tj ET Q
q 0 0 0 rg BT 409.25 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 419.37 653.70 Td (specified ) Tj ET Q
q 0 0 0 rg BT 459.23 653.70 Td (limitations, ) Tj ET Q
q 0 0 0 rg BT 508.73 653.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 525.85 653.70 Td (provides ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 641.10 Td (that, ) Tj ET Q
q 0 0 0 rg BT 72.84 641.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 98.32 641.10 Td (termination ) Tj ET Q
q 0 0 0 rg BT 151.20 641.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.42 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.72 641.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 199.03 641.10 Td (ger ) Tj ET Q
q 0 0 0 rg BT 215.92 641.10 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 267.04 641.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 282.01 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 299.32 641.10 Td (Company ) Tj ET Q
q 0 0 0 rg BT 344.62 641.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 357.84 641.10 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 397.58 641.10 Td (T) Tj ET Q
q 0 0 0 rg BT 403.26 641.10 Td (empleton ) Tj ET Q
q 0 0 0 rg BT 446.80 641.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 459.45 641.10 Td (specified ) Tj ET Q
q 0 0 0 rg BT 501.82 641.10 Td (situations, ) Tj ET Q
q 0 0 0 rg BT 549.17 641.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.50 Td (terminating ) Tj ET Q
q 0 0 0 rg BT 101.03 628.50 Td (party ) Tj ET Q
q 0 0 0 rg BT 125.23 628.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 144.19 628.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 156.73 628.50 Td (required ) Tj ET Q
q 0 0 0 rg BT 194.33 628.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 205.13 628.50 Td (pay ) Tj ET Q
q 0 0 0 rg BT 222.91 628.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 230.20 628.50 Td (termination ) Tj ET Q
q 0 0 0 rg BT 281.23 628.50 Td (fee ) Tj ET Q
q 0 0 0 rg BT 296.67 628.50 Td (equal ) Tj ET Q
q 0 0 0 rg BT 322.03 628.50 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 332.83 628.50 Td ($1) Tj ET Q
q 0 0 0 rg BT 342.94 628.50 Td (15,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.81 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 374.44 628.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 385.23 628.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.68 628.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 424.88 628.50 Td (party) Tj ET Q
q 0 0 0 rg BT 445.77 628.50 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 62.05 603.30 Td (addition ) Tj ET Q
q 0 0 0 rg BT 99.77 603.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 111.24 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 127.37 603.30 Td (foregoing ) Tj ET Q
q 0 0 0 rg BT 171.49 603.30 Td (termination ) Tj ET Q
q 0 0 0 rg BT 223.20 603.30 Td (rights, ) Tj ET Q
q 0 0 0 rg BT 253.05 603.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 271.51 603.30 Td (subject ) Tj ET Q
q 0 0 0 rg BT 304.56 603.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 316.03 603.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 347.89 603.30 Td (limitations, ) Tj ET Q
q 0 0 0 rg BT 398.74 603.30 Td (either ) Tj ET Q
q 0 0 0 rg BT 425.95 603.30 Td (party ) Tj ET Q
q 0 0 0 rg BT 450.83 603.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 472.21 603.30 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 515.16 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.29 603.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 548.59 603.30 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 590.70 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 99.27 590.70 Td (if ) Tj ET Q
q 0 0 0 rg BT 108.31 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.76 590.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 141.07 590.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 157.10 590.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 166.73 590.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 182.77 590.70 Td (consummated ) Tj ET Q
q 0 0 0 rg BT 243.72 590.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 256.84 590.70 Td (February�17, ) Tj ET Q
q 0 0 0 rg BT 313.12 590.70 Td (2021.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.63 565.50 Td (connection ) Tj ET Q
q 0 0 0 rg BT 108.57 565.50 Td (with, ) Tj ET Q
q 0 0 0 rg BT 131.75 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 148.79 565.50 Td (subject ) Tj ET Q
q 0 0 0 rg BT 180.41 565.50 Td (to, ) Tj ET Q
q 0 0 0 rg BT 193.08 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 207.79 565.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 225.10 565.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 240.38 565.50 Td (closing, ) Tj ET Q
q 0 0 0 rg BT 275.22 565.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 298.68 565.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 329.14 565.50 Td (has ) Tj ET Q
q 0 0 0 rg BT 345.02 565.50 Td (committed ) Tj ET Q
q 0 0 0 rg BT 391.81 565.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 422.25 565.50 Td (severance ) Tj ET Q
q 0 0 0 rg BT 465.52 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 482.56 565.50 Td (retention ) Tj ET Q
q 0 0 0 rg BT 521.76 565.50 Td (payments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 552.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 61.01 552.90 Td (its ) Tj ET Q
q 0 0 0 rg BT 73.77 552.90 Td (employees ) Tj ET Q
q 0 0 0 rg BT 121.51 552.90 Td (aggregating ) Tj ET Q
q 0 0 0 rg BT 173.91 552.90 Td (up ) Tj ET Q
q 0 0 0 rg BT 187.25 552.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 198.26 552.90 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.74 552.90 Td ($200,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 301.12 552.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 306.58 552.90 Td (subject ) Tj ET Q
q 0 0 0 rg BT 339.16 552.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 350.17 552.90 Td (continuing ) Tj ET Q
q 0 0 0 rg BT 397.92 552.90 Td (employment ) Tj ET Q
q 0 0 0 rg BT 453.25 552.90 Td (through ) Tj ET Q
q 0 0 0 rg BT 488.76 552.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.42 552.90 Td (closing ) Tj ET Q
q 0 0 0 rg BT 537.59 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.18 552.90 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 67.30 540.30 Td (ger) Tj ET Q
q 0 0 0 rg BT 80.13 540.30 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 515.10 Td (Noncontrolling ) Tj ET Q
q 0 0 0 rg BT 119.14 515.10 Td (Interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.60 502.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 106.22 502.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 127.32 502.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 140.26 502.50 Td (obligated ) Tj ET Q
q 0 0 0 rg BT 182.36 502.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 193.56 502.50 Td (settle ) Tj ET Q
q 0 0 0 rg BT 218.75 502.50 Td (redeemable ) Tj ET Q
q 0 0 0 rg BT 270.16 502.50 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 335.02 502.50 Td (interests ) Tj ET Q
q 0 0 0 rg BT 373.04 502.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 404.63 502.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 415.83 502.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 447.42 502.50 Td (af) Tj ET Q
q 0 0 0 rg BT 455.39 502.50 Td (filiates. ) Tj ET Q
q 0 0 0 rg BT 489.62 502.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 491.98 502.50 Td (As ) Tj ET Q
q 0 0 0 rg BT 506.68 502.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.45 502.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 548.89 502.50 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 489.90 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 71.00 489.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 77.26 489.90 Td (af) Tj ET Q
q 0 0 0 rg BT 85.23 489.90 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 113.35 489.90 Td (redeemable ) Tj ET Q
q 0 0 0 rg BT 165.37 489.90 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 230.84 489.90 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 272.09 489.90 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 317.13 489.90 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 356.35 489.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 388.55 489.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 400.36 489.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 457.64 489.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 487.52 489.90 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 515.94 489.90 Td (aggregated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 477.30 Td ($525,422) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 89.38 477.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 93.87 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 95.73 477.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 106.35 477.30 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 145.25 477.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 155.86 477.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 166.48 477.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 195.75 477.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 210.74 477.30 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 231.74 477.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 236.23 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.92 477.30 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 293.03 477.30 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 342.71 477.30 Td (fair ) Tj ET Q
q 0 0 0 rg BT 359.15 477.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 383.76 477.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 397.87 477.30 Td (units ) Tj ET Q
q 0 0 0 rg BT 420.15 477.30 Td (under ) Tj ET Q
q 0 0 0 rg BT 445.93 477.30 Td (af) Tj ET Q
q 0 0 0 rg BT 453.89 477.30 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 480.25 477.30 Td (management ) Tj ET Q
q 0 0 0 rg BT 535.76 477.30 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 464.70 Td (plans ) Tj ET Q
q 0 0 0 rg BT 74.79 464.70 Td (\(redeemable ) Tj ET Q
q 0 0 0 rg BT 129.30 464.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.08 464.70 Td (nonredeemable\) ) Tj ET Q
q 0 0 0 rg BT 217.34 464.70 Td (aggregated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 266.02 464.70 Td ($84,695) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 300.14 464.70 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 439.50 Td (See ) Tj ET Q
q 0 0 0 rg BT 68.03 439.50 Td (Notes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.40 439.50 Td (12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 105.90 439.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 108.76 439.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 126.79 439.50 Td (16) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 137.29 439.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 140.16 439.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 155.27 439.50 Td (additional ) Tj ET Q
q 0 0 0 rg BT 200.13 439.50 Td (information ) Tj ET Q
q 0 0 0 rg BT 252.58 439.50 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 295.68 439.50 Td (af) Tj ET Q
q 0 0 0 rg BT 303.65 439.50 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 331.00 439.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 387.52 439.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 416.63 439.50 Td (plans ) Tj ET Q
q 0 0 0 rg BT 441.66 439.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 459.69 439.50 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 524.39 439.50 Td (interests, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 100.05 426.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 105.30 426.90 Td ( ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 401.70 Td (Contingent ) Tj ET Q
q 0 0 0 rg BT 101.06 401.70 Td (Consideration) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 389.10 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.60 389.10 Td (further ) Tj ET Q
q 0 0 0 rg BT 94.09 389.10 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 136.27 389.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 146.36 389.10 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 168.70 389.10 Td (2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 173.95 389.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 178.51 389.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 190.51 389.10 Td (April ) Tj ET Q
q 0 0 0 rg BT 214.60 389.10 Td (10, ) Tj ET Q
q 0 0 0 rg BT 229.65 389.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 255.21 389.10 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 288.63 389.10 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 324.96 389.10 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 363.04 389.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 369.63 389.10 Td (majority ) Tj ET Q
q 0 0 0 rg BT 407.13 389.10 Td (interest ) Tj ET Q
q 0 0 0 rg BT 439.97 389.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 450.06 389.10 Td (Gramercy) Tj ET Q
q 0 0 0 rg BT 491.36 389.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 495.91 389.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 497.70 389.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 515.95 389.10 Td (transaction ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 89.40 376.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 97.29 376.50 Td (potential ) Tj ET Q
q 0 0 0 rg BT 137.27 376.50 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 184.84 376.50 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 244.64 376.50 Td (payment ) Tj ET Q
q 0 0 0 rg BT 284.04 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 296.02 376.50 Td (up ) Tj ET Q
q 0 0 0 rg BT 309.76 376.50 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.17 376.50 Td ($3,646) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 350.04 376.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 353.28 376.50 Td (\(using ) Tj ET Q
q 0 0 0 rg BT 382.77 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 398.84 376.50 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 432.40 376.50 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 475.28 376.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 494.25 376.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 506.24 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.23 376.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 548.87 376.50 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 363.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 76.40 363.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 91.41 363.90 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 107.01 363.90 Td (�3,315) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 135.88 363.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 138.65 363.90 Td (potential ) Tj ET Q
q 0 0 0 rg BT 178.16 363.90 Td (payment\), ) Tj ET Q
q 0 0 0 rg BT 223.21 363.90 Td (due ) Tj ET Q
q 0 0 0 rg BT 241.14 363.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 254.41 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 270.01 363.90 Td (fifth ) Tj ET Q
q 0 0 0 rg BT 290.86 363.90 Td (anniversary ) Tj ET Q
q 0 0 0 rg BT 342.61 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.12 363.90 Td (closing ) Tj ET Q
q 0 0 0 rg BT 387.23 363.90 Td (upon ) Tj ET Q
q 0 0 0 rg BT 411.00 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 426.59 363.90 Td (achievement ) Tj ET Q
q 0 0 0 rg BT 482.42 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.94 363.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 525.27 363.90 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.30 Td (metrics. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 326.10 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.82 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 74.72 326.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 104.28 326.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 119.56 326.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 142.71 326.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 160.03 326.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 185.80 326.10 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 232.28 326.10 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 291.00 326.10 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 332.24 326.10 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.47 326.10 Td ($3,308) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.34 326.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 397.50 326.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.81 326.10 Td ($1,415) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.69 326.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 448.46 326.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 498.51 326.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 503.29 326.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 525.84 326.10 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 313.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.27 313.50 Td (Other ) Tj ET Q
q 0 0 0 rg BT 86.28 313.50 Td (non-current ) Tj ET Q
q 0 0 0 rg BT 137.36 313.50 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 178.54 313.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 188.80 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.73 313.50 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 261.25 313.50 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 297.16 313.50 Td (Sheets. ) Tj ET Q
q 0 0 0 rg BT 329.30 313.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 331.40 313.50 Td (During ) Tj ET Q
q 0 0 0 rg BT 363.25 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 378.18 313.50 Td (years ) Tj ET Q
q 0 0 0 rg BT 402.43 313.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 429.61 313.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 459.11 313.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 474.34 313.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 497.44 313.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 514.70 313.50 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 540.42 313.50 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 300.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 81.66 300.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 102.81 300.90 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 150.21 300.90 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 209.85 300.90 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 245.01 300.90 Td ($4,869) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 273.88 300.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 276.96 300.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 295.19 300.90 Td ($3,242) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 324.07 300.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 329.77 300.90 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 371.92 300.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 403.55 300.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 414.80 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 430.70 300.90 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 483.94 300.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 495.76 300.90 Td (QS ) Tj ET Q
q 0 0 0 rg BT 512.26 300.90 Td (Investors ) Tj ET Q
q 0 0 0 rg BT 553.82 300.90 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 288.30 Td (May ) Tj ET Q
q 0 0 0 rg BT 71.62 288.30 Td (2014 ) Tj ET Q
q 0 0 0 rg BT 94.99 288.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 112.52 288.30 Td (PK ) Tj ET Q
q 0 0 0 rg BT 128.31 288.30 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 177.34 288.30 Td (Management ) Tj ET Q
q 0 0 0 rg BT 234.52 288.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 245.06 288.30 Td (December ) Tj ET Q
q 0 0 0 rg BT 290.57 288.30 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 316.56 288.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 366.61 288.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 371.61 288.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 373.98 288.30 Td (During ) Tj ET Q
q 0 0 0 rg BT 406.09 288.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 421.29 288.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 441.73 288.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 469.17 288.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 498.95 288.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 514.44 288.30 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 540.44 288.30 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 275.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 81.00 275.70 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 120.14 275.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 137.13 275.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 162.28 275.70 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 214.86 275.70 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.35 275.70 Td ($31,329) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.48 275.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 288.52 275.70 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 330.01 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 340.59 275.70 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 370.98 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 386.23 275.70 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 432.97 275.70 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 491.95 275.70 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 533.44 275.70 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 263.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.70 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 74.07 263.10 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 125.77 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 136.05 263.10 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 165.59 263.10 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 224.27 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 233.97 263.10 Td (October ) Tj ET Q
q 0 0 0 rg BT 269.33 263.10 Td (2015 ) Tj ET Q
q 0 0 0 rg BT 291.86 263.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 308.56 263.10 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 338.67 263.10 Td (Currie ) Tj ET Q
q 0 0 0 rg BT 367.04 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 376.74 263.10 Td (October ) Tj ET Q
q 0 0 0 rg BT 412.09 263.10 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 437.26 263.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 447.54 263.10 Td (no ) Tj ET Q
q 0 0 0 rg BT 459.58 263.10 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 505.44 263.10 Td (consideration ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 250.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 68.96 250.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 86.74 250.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 101.61 250.50 Td (either ) Tj ET Q
q 0 0 0 rg BT 128.14 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 139.51 250.50 Td (these ) Tj ET Q
q 0 0 0 rg BT 163.71 250.50 Td (acquisitions.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 237.90 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (10) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.00 225.30 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.25 225.30 Td (Employee Benefits) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 148.37 225.30 Td ( ) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (Defined ) Tj ET Q
q 0 0 0 rg BT 86.53 200.10 Td (Contribution ) Tj ET Q
q 0 0 0 rg BT 145.19 200.10 Td (Plans) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.22 187.50 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 108.57 187.50 Td (through ) Tj ET Q
q 0 0 0 rg BT 144.38 187.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 157.44 187.50 Td (subsidiaries, ) Tj ET Q
q 0 0 0 rg BT 212.79 187.50 Td (maintains ) Tj ET Q
q 0 0 0 rg BT 256.77 187.50 Td (various ) Tj ET Q
q 0 0 0 rg BT 290.82 187.50 Td (defined ) Tj ET Q
q 0 0 0 rg BT 325.45 187.50 Td (contribution ) Tj ET Q
q 0 0 0 rg BT 379.92 187.50 Td (plans ) Tj ET Q
q 0 0 0 rg BT 405.23 187.50 Td (covering ) Tj ET Q
q 0 0 0 rg BT 445.11 187.50 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 501.33 187.50 Td (all ) Tj ET Q
q 0 0 0 rg BT 514.97 187.50 Td (employees. ) Tj ET Q
q 0 0 0 rg BT 565.13 187.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (Through ) Tj ET Q
q 0 0 0 rg BT 88.37 174.90 Td (these ) Tj ET Q
q 0 0 0 rg BT 112.65 174.90 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 140.15 174.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 164.44 174.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 195.73 174.90 Td (can ) Tj ET Q
q 0 0 0 rg BT 213.01 174.90 Td (make ) Tj ET Q
q 0 0 0 rg BT 238.46 174.90 Td (two ) Tj ET Q
q 0 0 0 rg BT 256.92 174.90 Td (types ) Tj ET Q
q 0 0 0 rg BT 281.79 174.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 293.25 174.90 Td (discretionary ) Tj ET Q
q 0 0 0 rg BT 350.77 174.90 Td (contributions. ) Tj ET Q
q 0 0 0 rg BT 411.52 174.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 414.23 174.90 Td (One ) Tj ET Q
q 0 0 0 rg BT 434.43 174.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 444.15 174.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 451.52 174.90 Td (profit ) Tj ET Q
q 0 0 0 rg BT 477.56 174.90 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 511.18 174.90 Td (contribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.45 162.30 Td (eligible ) Tj ET Q
q 0 0 0 rg BT 94.73 162.30 Td (plan ) Tj ET Q
q 0 0 0 rg BT 115.59 162.30 Td (participants ) Tj ET Q
q 0 0 0 rg BT 167.36 162.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 194.06 162.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 207.34 162.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 214.79 162.30 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 263.04 162.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 274.57 162.30 Td (qualified ) Tj ET Q
q 0 0 0 rg BT 314.68 162.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 375.78 162.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 393.73 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 409.34 162.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 433.70 162.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 443.49 162.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 450.94 162.30 Td (match ) Tj ET Q
q 0 0 0 rg BT 479.38 162.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 490.91 162.30 Td (employee ) Tj ET Q
q 0 0 0 rg BT 534.51 162.30 Td (401\(k\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (contributions. ) Tj ET Q
q 0 0 0 rg BT 110.42 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 113.29 149.70 Td (Matches ) Tj ET Q
q 0 0 0 rg BT 151.74 149.70 Td (range ) Tj ET Q
q 0 0 0 rg BT 177.93 149.70 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.22 149.70 Td (50%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 220.47 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 223.34 149.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 234.39 149.70 Td (100%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 258.89 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 261.76 149.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 273.38 149.70 Td (employee ) Tj ET Q
q 0 0 0 rg BT 317.08 149.70 Td (401\(k\) ) Tj ET Q
q 0 0 0 rg BT 347.95 149.70 Td (contributions, ) Tj ET Q
q 0 0 0 rg BT 408.86 149.70 Td (up ) Tj ET Q
q 0 0 0 rg BT 422.24 149.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 433.28 149.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 440.82 149.70 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 486.28 149.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 497.90 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.60 149.70 Td (lesser ) Tj ET Q
q 0 0 0 rg BT 540.39 149.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 552.01 149.70 Td (up ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.08 137.10 Td (6%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.08 137.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 80.49 137.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.65 137.10 Td (employee ) Tj ET Q
q 0 0 0 rg BT 138.88 137.10 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 204.24 137.10 Td (up ) Tj ET Q
q 0 0 0 rg BT 219.16 137.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 231.74 137.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 248.98 137.10 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 286.04 137.10 Td (Revenue ) Tj ET Q
q 0 0 0 rg BT 327.19 137.10 Td (Service ) Tj ET Q
q 0 0 0 rg BT 363.09 137.10 Td (limit. ) Tj ET Q
q 0 0 0 rg BT 389.97 137.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 394.38 137.10 Td (Corporate ) Tj ET Q
q 0 0 0 rg BT 440.78 137.10 Td (profit ) Tj ET Q
q 0 0 0 rg BT 468.53 137.10 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 503.85 137.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 523.43 137.10 Td (matching ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (contributions, ) Tj ET Q
q 0 0 0 rg BT 109.27 124.50 Td (together ) Tj ET Q
q 0 0 0 rg BT 145.41 124.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 165.81 124.50 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 222.95 124.50 Td (made ) Tj ET Q
q 0 0 0 rg BT 247.43 124.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 273.07 124.50 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 317.96 124.50 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 344.49 124.50 Td (totaled ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.79 124.50 Td ($38,122) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 408.92 124.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 413.28 124.50 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.53 124.50 Td (39,191) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.40 124.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 451.76 124.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.65 124.50 Td ($38,278) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.78 124.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 504.51 124.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 514.41 124.50 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.88 124.50 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.88 124.50 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.90 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 111.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 76.34 111.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 94.72 111.90 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 115.72 111.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 121.57 111.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 171.61 111.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 177.46 111.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 180.67 111.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 192.64 111.90 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 232.89 111.90 Td (employees ) Tj ET Q
q 0 0 0 rg BT 281.02 111.90 Td (can ) Tj ET Q
q 0 0 0 rg BT 298.81 111.90 Td (make ) Tj ET Q
q 0 0 0 rg BT 324.76 111.90 Td (voluntary ) Tj ET Q
q 0 0 0 rg BT 368.22 111.90 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 426.85 111.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 453.98 111.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 485.76 111.90 Td (plans. ) Tj ET Q
q 0 0 0 rg BT 513.77 111.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 516.99 111.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 520.21 111.90 Td (Under ) Tj ET Q
q 0 0 0 rg BT 549.67 111.90 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (terms ) Tj ET Q
q 0 0 0 rg BT 75.20 99.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 86.32 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 101.52 99.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 118.82 99.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 134.08 99.30 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 185.72 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.92 99.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 224.86 99.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 255.82 99.30 Td (401\(k\) ) Tj ET Q
q 0 0 0 rg BT 286.18 99.30 Td (plan ) Tj ET Q
q 0 0 0 rg BT 306.63 99.30 Td (will ) Tj ET Q
q 0 0 0 rg BT 325.34 99.30 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 367.36 99.30 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 422.22 99.30 Td (prior ) Tj ET Q
q 0 0 0 rg BT 445.00 99.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 455.54 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.74 99.30 Td (closing ) Tj ET Q
q 0 0 0 rg BT 503.44 99.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 514.56 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.76 99.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 547.06 99.30 Td (ger) Tj ET Q
q 0 0 0 rg BT 559.89 99.30 Td (.) Tj ET Q
endstream
endobj
251 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 252 0 R>>
endobj
252 0 obj
<</Length 29449>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (123) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 82.47 741.90 Td (Currie ) Tj ET Q
q 0 0 0 rg BT 113.69 741.90 Td (Defined ) Tj ET Q
q 0 0 0 rg BT 150.73 741.90 Td (Benefit ) Tj ET Q
q 0 0 0 rg BT 184.85 741.90 Td (Pension ) Tj ET Q
q 0 0 0 rg BT 222.48 741.90 Td (Plan) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 81.06 729.30 Td (Currie ) Tj ET Q
q 0 0 0 rg BT 110.87 729.30 Td (sponsors ) Tj ET Q
q 0 0 0 rg BT 150.61 729.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 158.26 729.30 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 204.38 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 222.53 729.30 Td (death ) Tj ET Q
q 0 0 0 rg BT 248.25 729.30 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 284.47 729.30 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 308.16 729.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 315.81 729.30 Td (defined ) Tj ET Q
q 0 0 0 rg BT 350.28 729.30 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 382.41 729.30 Td (pension ) Tj ET Q
q 0 0 0 rg BT 418.06 729.30 Td (plan ) Tj ET Q
q 0 0 0 rg BT 439.12 729.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 460.77 729.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 488.26 729.30 Td (held ) Tj ET Q
q 0 0 0 rg BT 509.32 729.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 520.47 729.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 528.11 729.30 Td (separate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (trustee-administered ) Tj ET Q
q 0 0 0 rg BT 137.79 716.70 Td (fund. ) Tj ET Q
q 0 0 0 rg BT 162.23 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 164.80 716.70 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 186.04 716.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 213.11 716.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 228.50 716.70 Td (measured ) Tj ET Q
q 0 0 0 rg BT 271.30 716.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 281.45 716.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 298.59 716.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 323.90 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 341.63 716.70 Td (consist ) Tj ET Q
q 0 0 0 rg BT 373.36 716.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.68 716.70 Td (50%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.93 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 406.50 716.70 Td (equities ) Tj ET Q
q 0 0 0 rg BT 441.73 716.70 Td (\(Level ) Tj ET Q
q 0 0 0 rg BT 471.70 716.70 Td (1\), ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.64 716.70 Td (49%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.88 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 507.45 716.70 Td (bonds ) Tj ET Q
q 0 0 0 rg BT 535.11 716.70 Td (\(Level ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (2\), ) Tj ET Q
q 0 0 0 rg BT 63.09 704.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 80.47 704.10 Td (1%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 94.47 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 96.69 704.10 Td (cash ) Tj ET Q
q 0 0 0 rg BT 117.57 704.10 Td (\(Level ) Tj ET Q
q 0 0 0 rg BT 147.19 704.10 Td (1\) ) Tj ET Q
q 0 0 0 rg BT 158.16 704.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 169.13 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.10 704.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 209.72 704.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 225.07 704.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 250.91 704.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 268.30 704.10 Td (64%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.54 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 289.76 704.10 Td (equities ) Tj ET Q
q 0 0 0 rg BT 324.64 704.10 Td (\(Level ) Tj ET Q
q 0 0 0 rg BT 354.27 704.10 Td (1\) ) Tj ET Q
q 0 0 0 rg BT 365.23 704.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.61 704.10 Td (36%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.86 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 404.08 704.10 Td (bonds ) Tj ET Q
q 0 0 0 rg BT 431.39 704.10 Td (\(Level ) Tj ET Q
q 0 0 0 rg BT 461.01 704.10 Td (2\) ) Tj ET Q
q 0 0 0 rg BT 471.98 704.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 482.95 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.91 704.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 523.54 704.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.89 704.10 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 565.14 704.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (Assumptions ) Tj ET Q
q 0 0 0 rg BT 106.42 691.50 Td (used ) Tj ET Q
q 0 0 0 rg BT 127.74 691.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 137.98 691.50 Td (determine ) Tj ET Q
q 0 0 0 rg BT 182.04 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 196.94 691.50 Td (expected ) Tj ET Q
q 0 0 0 rg BT 236.32 691.50 Td (return ) Tj ET Q
q 0 0 0 rg BT 263.47 691.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 276.04 691.50 Td (plan ) Tj ET Q
q 0 0 0 rg BT 296.19 691.50 Td (assets ) Tj ET Q
q 0 0 0 rg BT 322.76 691.50 Td (tar) Tj ET Q
q 0 0 0 rg BT 333.65 691.50 Td (gets ) Tj ET Q
q 0 0 0 rg BT 352.64 691.50 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 359.37 691.50 Td (55%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 378.62 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 380.69 691.50 Td (/ ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.68 691.50 Td (45%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.93 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 407.00 691.50 Td (equity/bond ) Tj ET Q
q 0 0 0 rg BT 459.24 691.50 Td (allocation ) Tj ET Q
q 0 0 0 rg BT 502.72 691.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 523.46 691.50 Td (reference ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.44 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.04 678.90 Td (15-year ) Tj ET Q
q 0 0 0 rg BT 110.88 678.90 Td (FTSE ) Tj ET Q
q 0 0 0 rg BT 138.16 678.90 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 161.35 678.90 Td (Gilt ) Tj ET Q
q 0 0 0 rg BT 180.46 678.90 Td (yield ) Tj ET Q
q 0 0 0 rg BT 204.23 678.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 219.25 678.90 Td (equities ) Tj ET Q
q 0 0 0 rg BT 254.68 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 272.62 678.90 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 295.81 678.90 Td (long-dated ) Tj ET Q
q 0 0 0 rg BT 343.48 678.90 Td (bond ) Tj ET Q
q 0 0 0 rg BT 367.26 678.90 Td (yields ) Tj ET Q
q 0 0 0 rg BT 395.11 678.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 410.13 678.90 Td (bonds. ) Tj ET Q
q 0 0 0 rg BT 440.62 678.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 443.39 678.90 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 464.83 678.90 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 506.69 678.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 522.28 678.90 Td (measured ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.27 666.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 74.45 666.30 Td (actuarial ) Tj ET Q
q 0 0 0 rg BT 112.86 666.30 Td (basis ) Tj ET Q
q 0 0 0 rg BT 136.13 666.30 Td (using ) Tj ET Q
q 0 0 0 rg BT 161.16 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.26 666.30 Td (projected ) Tj ET Q
q 0 0 0 rg BT 217.59 666.30 Td (unit ) Tj ET Q
q 0 0 0 rg BT 236.19 666.30 Td (method ) Tj ET Q
q 0 0 0 rg BT 269.96 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 287.39 666.30 Td (discounted ) Tj ET Q
q 0 0 0 rg BT 335.15 666.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 345.00 666.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 351.93 666.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 369.94 666.30 Td (equivalent ) Tj ET Q
q 0 0 0 rg BT 415.94 666.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 426.38 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.48 666.30 Td (current ) Tj ET Q
q 0 0 0 rg BT 473.48 666.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 491.48 666.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 504.25 666.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 511.19 666.30 Td (high-quality ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (bond ) Tj ET Q
q 0 0 0 rg BT 72.92 653.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 83.50 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 98.75 653.70 Td (local ) Tj ET Q
q 0 0 0 rg BT 121.57 653.70 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 144.41 653.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 175.98 653.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 193.55 653.70 Td (currency) Tj ET Q
q 0 0 0 rg BT 229.60 653.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 234.64 653.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 236.88 653.70 Td (There ) Tj ET Q
q 0 0 0 rg BT 263.78 653.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 286.60 653.70 Td (no ) Tj ET Q
q 0 0 0 rg BT 299.52 653.70 Td (significant ) Tj ET Q
q 0 0 0 rg BT 346.26 653.70 Td (concentrations ) Tj ET Q
q 0 0 0 rg BT 409.90 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 421.07 653.70 Td (risk ) Tj ET Q
q 0 0 0 rg BT 439.24 653.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 449.82 653.70 Td (plan ) Tj ET Q
q 0 0 0 rg BT 470.32 653.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 497.23 653.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 508.40 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.56 653.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 549.38 653.70 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 73.09 641.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 84.42 641.10 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 110.64 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 112.65 641.10 Td (As ) Tj ET Q
q 0 0 0 rg BT 126.91 641.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 138.24 641.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 168.24 641.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 183.95 641.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 207.54 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 225.29 641.10 Td (2019, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.50 641.10 Td ($34,210) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.62 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 288.21 641.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.96 641.10 Td ($41,189) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.08 641.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 342.67 641.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.01 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.42 641.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 390.67 641.10 Td (plan ) Tj ET Q
q 0 0 0 rg BT 411.34 641.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 438.43 641.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 461.42 641.10 Td (invested ) Tj ET Q
q 0 0 0 rg BT 499.00 641.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 509.75 641.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.91 641.10 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.11 628.50 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 98.13 628.50 Td (Currie ) Tj ET Q
q 0 0 0 rg BT 127.40 628.50 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 172.43 628.50 Td (investment ) Tj ET Q
q 0 0 0 rg BT 220.95 628.50 Td (products. ) Tj ET Q
q 0 0 0 rg BT 262.18 628.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 264.45 628.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 283.22 628.50 Td (most ) Tj ET Q
q 0 0 0 rg BT 306.09 628.50 Td (recent ) Tj ET Q
q 0 0 0 rg BT 334.18 628.50 Td (actuarial ) Tj ET Q
q 0 0 0 rg BT 372.77 628.50 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 414.29 628.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 433.06 628.50 Td (performed ) Tj ET Q
q 0 0 0 rg BT 479.24 628.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 490.43 628.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 501.62 628.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 523.32 628.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.89 628.50 Td (2019, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 77.81 615.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 96.79 615.90 Td (updated ) Tj ET Q
q 0 0 0 rg BT 132.67 615.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 142.90 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.37 615.90 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 207.68 615.90 Td (balance ) Tj ET Q
q 0 0 0 rg BT 242.39 615.90 Td (sheet ) Tj ET Q
q 0 0 0 rg BT 266.61 615.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 286.74 615.90 Td (through ) Tj ET Q
q 0 0 0 rg BT 322.06 615.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 352.11 615.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 367.88 615.90 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 394.15 615.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 396.21 615.90 Td (Accrual ) Tj ET Q
q 0 0 0 rg BT 432.09 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 443.48 615.90 Td (service ) Tj ET Q
q 0 0 0 rg BT 475.86 615.90 Td (credit ) Tj ET Q
q 0 0 0 rg BT 502.41 615.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 528.97 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 544.44 615.90 Td (plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (ceased ) Tj ET Q
q 0 0 0 rg BT 80.00 603.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 93.02 603.30 Td (October ) Tj ET Q
q 0 0 0 rg BT 129.36 603.30 Td (3, ) Tj ET Q
q 0 0 0 rg BT 139.75 603.30 Td (2014. ) Tj ET Q
q 0 0 0 rg BT 165.90 603.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 168.42 603.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 192.51 603.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 223.62 603.30 Td (uses ) Tj ET Q
q 0 0 0 rg BT 244.22 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 259.57 603.30 Td (corridor ) Tj ET Q
q 0 0 0 rg BT 295.91 603.30 Td (approach ) Tj ET Q
q 0 0 0 rg BT 336.90 603.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 347.59 603.30 Td (account ) Tj ET Q
q 0 0 0 rg BT 382.76 603.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 397.52 603.30 Td (this ) Tj ET Q
q 0 0 0 rg BT 415.22 603.30 Td (plan. ) Tj ET Q
q 0 0 0 rg BT 438.44 603.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 440.96 603.30 Td (Under ) Tj ET Q
q 0 0 0 rg BT 469.72 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 485.07 603.30 Td (corridor ) Tj ET Q
q 0 0 0 rg BT 521.40 603.30 Td (approach, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (actuarial ) Tj ET Q
q 0 0 0 rg BT 88.94 590.70 Td (gains ) Tj ET Q
q 0 0 0 rg BT 114.41 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 132.87 590.70 Td (losses ) Tj ET Q
q 0 0 0 rg BT 161.26 590.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 175.06 590.70 Td (plan ) Tj ET Q
q 0 0 0 rg BT 196.44 590.70 Td (assets ) Tj ET Q
q 0 0 0 rg BT 224.24 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 242.71 590.70 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 285.09 590.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 301.21 590.70 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 339.48 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 357.94 590.70 Td (reported ) Tj ET Q
q 0 0 0 rg BT 396.23 590.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 408.27 590.70 Td (Other ) Tj ET Q
q 0 0 0 rg BT 435.48 590.70 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 502.35 590.70 Td (income ) Tj ET Q
q 0 0 0 rg BT 536.55 590.70 Td (\(loss\), ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (except ) Tj ET Q
q 0 0 0 rg BT 79.53 578.10 Td (when ) Tj ET Q
q 0 0 0 rg BT 104.91 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.37 578.10 Td (actuarial ) Tj ET Q
q 0 0 0 rg BT 159.14 578.10 Td (gains ) Tj ET Q
q 0 0 0 rg BT 183.93 578.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 201.73 578.10 Td (losses ) Tj ET Q
q 0 0 0 rg BT 229.44 578.10 Td (exceed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.22 578.10 Td (10%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.47 578.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 283.10 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 294.47 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 309.93 578.10 Td (greater ) Tj ET Q
q 0 0 0 rg BT 341.71 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 353.09 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 368.55 578.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 385.75 578.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 411.12 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 422.50 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 437.96 578.10 Td (plan ) Tj ET Q
q 0 0 0 rg BT 458.67 578.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 485.79 578.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 497.17 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.63 578.10 Td (plan ) Tj ET Q
q 0 0 0 rg BT 533.34 578.10 Td (benefit ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (obligation, ) Tj ET Q
q 0 0 0 rg BT 97.18 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.48 565.50 Td (excess ) Tj ET Q
q 0 0 0 rg BT 142.36 565.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 151.84 565.50 Td (amortized ) Tj ET Q
q 0 0 0 rg BT 196.29 565.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 207.51 565.50 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 270.65 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 288.28 565.50 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 324.00 565.50 Td (expense ) Tj ET Q
q 0 0 0 rg BT 360.29 565.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 381.42 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 396.72 565.50 Td (recovery ) Tj ET Q
q 0 0 0 rg BT 435.92 565.50 Td (period ) Tj ET Q
q 0 0 0 rg BT 465.22 565.50 Td (of ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 476.44 565.50 Td (15 ) Tj ET Q
q 0 0 0 rg BT 488.79 565.50 Td (years) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.89 565.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 514.99 565.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 517.47 565.50 Td (During ) Tj ET Q
q 0 0 0 rg BT 549.69 565.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (years ) Tj ET Q
q 0 0 0 rg BT 74.88 552.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 103.19 552.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 133.82 552.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 150.17 552.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 174.40 552.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 192.80 552.90 Td (2019, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 219.65 552.90 Td ($542) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 240.65 552.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 243.88 552.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 262.27 552.90 Td ($260) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.27 552.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 286.50 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 298.48 552.90 Td (such ) Tj ET Q
q 0 0 0 rg BT 320.95 552.90 Td (previously ) Tj ET Q
q 0 0 0 rg BT 368.51 552.90 Td (unrecognized ) Tj ET Q
q 0 0 0 rg BT 428.30 552.90 Td (losses ) Tj ET Q
q 0 0 0 rg BT 456.62 552.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 480.25 552.90 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 522.55 552.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 549.68 552.90 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (corridor ) Tj ET Q
q 0 0 0 rg BT 85.94 540.30 Td (approach.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.79 515.10 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 106.50 515.10 Td (net ) Tj ET Q
q 0 0 0 rg BT 121.29 515.10 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 152.40 515.10 Td (obligation, ) Tj ET Q
q 0 0 0 rg BT 199.57 515.10 Td (summarized ) Tj ET Q
q 0 0 0 rg BT 252.85 515.10 Td (below) Tj ET Q
q 0 0 0 rg BT 277.83 515.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 282.42 515.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 291.38 515.10 Td (included ) Tj ET Q
q 0 0 0 rg BT 329.50 515.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 339.63 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.42 515.10 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 411.80 515.10 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 447.57 515.10 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 476.95 515.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 487.66 515.10 Td (Other ) Tj ET Q
q 0 0 0 rg BT 513.53 515.10 Td (non-current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (liabilities:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 477 m
361 477 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367 477 m
457 477 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 477 m
562 477 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367 477 m
457 477 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 477 m
562 477 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 436 m
361 436 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367 436 m
457 436 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 436 m
562 436 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 421 m
361 421 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367 421 m
457 421 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
461 421 m
562 421 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.70 481.79 Td (Mar) Tj ET Q
q 0 0 0 rg BT 396.33 481.79 Td (ch 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.60 481.77 Td (March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 466.27 Td (Fair value of plan assets \(at 4.7% and 4.9%, respectively) Tj ET Q
q 0 0 0 rg BT 288.75 466.27 Td (, expected) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 69.50 455.77 Td (weighted-average long-term return\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 369.50 455.79 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 424.10 455.79 Td (68,576) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.50 455.77 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 455.77 Td (68,830) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 440.77 Td (Benefit obligation \(at 2.3% and 2.4%, respectively) Tj ET Q
q 0 0 0 rg BT 263.73 440.77 Td (, discount rate\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.60 440.79 Td (\(81,019) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 453.00 440.79 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.35 440.77 Td (\(102,165) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 440.77 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 425.77 Td (Unfunded status \(excess of benefit obligation over plan assets\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 369.50 425.79 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.60 425.79 Td (\(12,443) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 453.00 425.79 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.50 425.77 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 425.77 Td (\(33,335) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 425.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 397.50 Td (The change in the benefit obligation is summarized below:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 373 m
397 373 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 373 m
479 373 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
479 373 m
483 373 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
483 373 m
562 373 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 359 m
397 359 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 359 m
479 359 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
483 373 m
562 373 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
483 359 m
562 359 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 359 m
479 359 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
483 359 m
562 359 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 289 m
397 289 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 289 m
397 289 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 275 m
397 275 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 289 m
479 289 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 275 m
479 275 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
483 289 m
562 289 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
483 275 m
562 275 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.50 377.22 Td (Y) Tj ET Q
q 0 0 0 rg BT 439.56 377.22 Td (ears ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 429.00 363.39 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.50 363.22 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 349.22 Td (Beginning benefit obligation) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 403.50 349.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 440.85 349.39 Td (102,165) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.50 349.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 349.22 Td (102,469) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 335.22 Td (Interest costs) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 451.35 335.39 Td (2,331) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 335.22 Td (2,426) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 321.22 Td (Actuarial \(gain\) loss) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 442.60 321.39 Td (\(17,082) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 475.00 321.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 321.22 Td (7,989) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 307.22 Td (Benefits paid) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 447.85 307.39 Td (\(2,105) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 475.00 307.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.85 307.22 Td (\(3,078) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 307.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 293.22 Td (Exchange rate changes) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 447.85 293.39 Td (\(4,290) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 475.00 293.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.85 293.22 Td (\(7,641) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 293.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 279.22 Td (Ending benefit obligation) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 403.50 279.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 446.10 279.39 Td (81,019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.50 279.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 279.22 Td (102,165) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 251.50 Td (The change in plan assets is summarized below:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 227 m
399 227 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403 227 m
481 227 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
485 227 m
562 227 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 213 m
399 213 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403 213 m
481 213 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481 227 m
485 227 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
485 227 m
562 227 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
485 213 m
562 213 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403 213 m
481 213 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
485 213 m
562 213 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 143 m
399 143 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 143 m
399 143 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 129 m
399 129 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403 143 m
481 143 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403 129 m
481 129 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
485 143 m
562 143 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
485 129 m
562 129 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 433.50 231.22 Td (Y) Tj ET Q
q 0 0 0 rg BT 440.56 231.22 Td (ears ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 431.00 217.39 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 512.50 217.22 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 203.22 Td (Beginning plan assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.50 203.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 448.10 203.39 Td (68,830) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.50 203.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 203.22 Td (67,529) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 189.22 Td (Actual return on plan assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 453.35 189.39 Td (2,147) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 189.22 Td (6,384) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 175.22 Td (Employer contributions) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 453.35 175.39 Td (3,044) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 175.22 Td (3,144) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 161.22 Td (Benefits paid) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 449.85 161.39 Td (\(2,105) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 477.00 161.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.85 161.22 Td (\(3,078) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 161.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 147.22 Td (Exchange rate changes) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 449.85 147.39 Td (\(3,340) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 477.00 147.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.85 147.22 Td (\(5,149) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 147.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 133.22 Td (Ending plan assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 405.50 133.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 448.10 133.39 Td (68,576) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.50 133.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 133.22 Td (68,830) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 104.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.58 104.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.90 104.30 Td (years ) Tj ET Q
q 0 0 0 rg BT 109.55 104.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 138.12 104.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 169.02 104.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 185.63 104.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 212.75 104.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 239.87 104.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 258.53 104.30 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 285.65 104.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 293.80 104.30 Td (net ) Tj ET Q
q 0 0 0 rg BT 310.12 104.30 Td (periodic ) Tj ET Q
q 0 0 0 rg BT 348.02 104.30 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 380.67 104.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 392.91 104.30 Td ($833) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 413.91 104.30 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.74 104.30 Td ($734) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.74 104.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 444.23 104.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.88 104.30 Td ($389) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.88 104.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 490.00 104.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 540.05 104.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 546.17 104.30 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 91.70 Td (included ) Tj ET Q
q 0 0 0 rg BT 88.28 91.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 99.07 91.70 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 162.36 91.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 180.15 91.70 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 216.01 91.70 Td (expense ) Tj ET Q
q 0 0 0 rg BT 252.46 91.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 263.25 91.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 278.70 91.70 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 336.74 91.70 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 385.44 91.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 396.81 91.70 Td (Income ) Tj ET Q
q 0 0 0 rg BT 430.92 91.70 Td (\(Loss\). ) Tj ET Q
endstream
endobj
253 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 254 0 R>>
endobj
254 0 obj
<</Length 25998>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (124) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 742.10 Td (The components of the net periodic gain for the years ended March 31, were as follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 717.6 m
366 717.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370 717.6 m
430 717.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434 717.6 m
494 717.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 717.6 m
559 717.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370 717.6 m
430 717.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434 717.6 m
494 717.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 717.6 m
559 717.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 689.6 m
366 689.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 675.6 m
366 675.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370 689.6 m
430 689.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370 675.6 m
430 675.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434 689.6 m
494 689.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434 675.6 m
494 675.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 689.6 m
559 689.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 675.6 m
559 675.6 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 389.00 721.99 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.00 721.82 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.50 721.82 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 707.82 Td (Interest costs) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 372.50 707.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 402.35 707.99 Td (2,331) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.50 707.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.35 707.82 Td (2,426) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.50 707.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 531.35 707.82 Td (2,763) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 693.82 Td (Expected return on plan assets) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 398.85 693.99 Td (\(3,164) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 426.00 693.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 693.82 Td (\(3,160) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 693.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.85 693.82 Td (\(3,152) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 555.00 693.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 679.82 Td (Net periodic benefit) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 372.50 679.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.75 679.99 Td (\(833) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 426.00 679.99 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.50 679.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.75 679.82 Td (\(734) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 679.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.50 679.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.75 679.82 Td (\(389) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 555.00 679.82 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 656.50 Td (Net ) Tj ET Q
q 0 0 0 rg BT 67.10 656.50 Td (actuarial ) Tj ET Q
q 0 0 0 rg BT 105.68 656.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 133.21 656.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 144.39 656.50 Td ($791) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 165.39 656.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 167.83 656.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 185.43 656.50 Td ($17,807) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 219.56 656.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 222.00 656.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 244.83 656.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 283.43 656.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 293.50 656.50 Td (Accumulated ) Tj ET Q
q 0 0 0 rg BT 351.92 656.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 375.93 656.50 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 441.93 656.50 Td (loss, ) Tj ET Q
q 0 0 0 rg BT 463.33 656.50 Td (net, ) Tj ET Q
q 0 0 0 rg BT 481.23 656.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 491.83 656.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.10 656.50 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 643.90 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 85.94 643.90 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 115.98 643.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 126.18 643.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 156.21 643.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 171.96 643.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 195.59 643.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 213.37 643.90 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 239.62 643.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 289.67 643.90 Td (.) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 619.30 Td (As of March 31, 2020, the plan expects to make benefit payments over the next 10 fiscal years as follows:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 599.02 Td (2021) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.50 599.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 599.02 Td (1,906) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 585.02 Td (2022) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 585.02 Td (2,085) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 571.02 Td (2023) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 571.02 Td (2,129) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 557.02 Td (2024) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 557.02 Td (2,576) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 543.02 Td (2025) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 543.02 Td (2,532) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 529.02 Td (2026-2030) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 529.02 Td (15,813) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 505.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.79 505.70 Td (connection ) Tj ET Q
q 0 0 0 rg BT 109.39 505.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 130.60 505.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 137.80 505.70 Td (review ) Tj ET Q
q 0 0 0 rg BT 168.91 505.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 181.94 505.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.31 505.70 Td (Pensions ) Tj ET Q
q 0 0 0 rg BT 237.19 505.70 Td (Regulator ) Tj ET Q
q 0 0 0 rg BT 281.14 505.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 291.84 505.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 307.21 505.70 Td (U.K. ) Tj ET Q
q 0 0 0 rg BT 330.17 505.70 Td (\("the ) Tj ET Q
q 0 0 0 rg BT 353.32 505.70 Td (Regulator"\) ) Tj ET Q
q 0 0 0 rg BT 405.04 505.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 416.33 505.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 431.70 505.70 Td (pension ) Tj ET Q
q 0 0 0 rg BT 466.90 505.70 Td (plan's ) Tj ET Q
q 0 0 0 rg BT 493.50 505.70 Td (current ) Tj ET Q
q 0 0 0 rg BT 525.77 505.70 Td (structure ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 493.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.95 493.10 Td (funding ) Tj ET Q
q 0 0 0 rg BT 101.91 493.10 Td (status, ) Tj ET Q
q 0 0 0 rg BT 130.74 493.10 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 161.61 493.10 Td (Currie, ) Tj ET Q
q 0 0 0 rg BT 193.35 493.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 208.47 493.10 Td (trustees ) Tj ET Q
q 0 0 0 rg BT 242.83 493.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 253.87 493.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 268.99 493.10 Td (pension ) Tj ET Q
q 0 0 0 rg BT 303.94 493.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 321.40 493.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 336.51 493.10 Td (Regulator ) Tj ET Q
q 0 0 0 rg BT 380.21 493.10 Td (agreed ) Tj ET Q
q 0 0 0 rg BT 410.48 493.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 420.94 493.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 427.89 493.10 Td (revised ) Tj ET Q
q 0 0 0 rg BT 460.50 493.10 Td (plan ) Tj ET Q
q 0 0 0 rg BT 480.87 493.10 Td (structure ) Tj ET Q
q 0 0 0 rg BT 519.90 493.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 532.18 493.10 Td (August ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 480.50 Td (10, ) Tj ET Q
q 0 0 0 rg BT 63.96 480.50 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 88.92 480.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 129.91 480.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 144.07 480.50 Td (redomiciliation ) Tj ET Q
q 0 0 0 rg BT 209.56 480.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 219.64 480.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 233.80 480.50 Td (plan ) Tj ET Q
q 0 0 0 rg BT 253.21 480.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 262.71 480.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 276.87 480.50 Td (U.K., ) Tj ET Q
q 0 0 0 rg BT 301.24 480.50 Td (additional ) Tj ET Q
q 0 0 0 rg BT 344.57 480.50 Td (guarantees ) Tj ET Q
q 0 0 0 rg BT 390.79 480.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 412.54 480.50 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 442.45 480.50 Td (Currie ) Tj ET Q
q 0 0 0 rg BT 470.61 480.50 Td (entities ) Tj ET Q
q 0 0 0 rg BT 502.27 480.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 518.76 480.50 Td (provisions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 467.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.36 467.90 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 114.18 467.90 Td (funding ) Tj ET Q
q 0 0 0 rg BT 149.46 467.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 160.83 467.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 168.11 467.90 Td (portion ) Tj ET Q
q 0 0 0 rg BT 201.06 467.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 212.42 467.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 230.20 467.90 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 261.97 467.90 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 307.16 467.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 317.95 467.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 349.13 467.90 Td (circumstances. ) Tj ET Q
q 0 0 0 rg BT 413.85 467.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 416.46 467.90 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 447.66 467.90 Td (Currie ) Tj ET Q
q 0 0 0 rg BT 477.10 467.90 Td (agreed ) Tj ET Q
q 0 0 0 rg BT 507.70 467.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 528.98 467.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 544.43 467.90 Td (plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 455.30 Td (trustees ) Tj ET Q
q 0 0 0 rg BT 84.34 455.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 95.26 455.30 Td (contribute ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 140.59 455.30 Td ($2,876) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 169.47 455.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 172.23 455.30 Td (\(using ) Tj ET Q
q 0 0 0 rg BT 201.24 455.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 216.83 455.30 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 259.23 455.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 277.72 455.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 289.23 455.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 300.74 455.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 330.90 455.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 346.79 455.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 370.54 455.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 385.55 455.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.14 455.30 Td (�2,320) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.01 455.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 432.77 455.30 Td (annual ) Tj ET Q
q 0 0 0 rg BT 463.52 455.30 Td (committed ) Tj ET Q
q 0 0 0 rg BT 511.19 455.30 Td (contribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 442.70 Td (amount\) ) Tj ET Q
q 0 0 0 rg BT 87.50 442.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 98.67 442.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.50 442.70 Td (plan ) Tj ET Q
q 0 0 0 rg BT 135.58 442.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 149.09 442.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 162.00 442.70 Td (annual ) Tj ET Q
q 0 0 0 rg BT 193.00 442.70 Td (basis ) Tj ET Q
q 0 0 0 rg BT 217.00 442.70 Td (through ) Tj ET Q
q 0 0 0 rg BT 252.67 442.70 Td (May ) Tj ET Q
q 0 0 0 rg BT 274.92 442.70 Td (2024, ) Tj ET Q
q 0 0 0 rg BT 301.55 442.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 323.22 442.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 330.89 442.70 Td (final ) Tj ET Q
q 0 0 0 rg BT 353.13 442.70 Td (payment ) Tj ET Q
q 0 0 0 rg BT 392.30 442.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.05 442.70 Td ($1,81) Tj ET Q
q 0 0 0 rg BT 427.28 442.70 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.53 442.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 435.54 442.70 Td (\(using ) Tj ET Q
q 0 0 0 rg BT 464.79 442.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 480.62 442.70 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 523.27 442.70 Td (rate ) Tj ET Q
q 0 0 0 rg BT 542.01 442.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 553.76 442.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 430.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 79.89 430.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 96.01 430.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 120.00 430.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 135.23 430.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 151.05 430.10 Td (�1,461) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.93 430.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 182.92 430.10 Td (final ) Tj ET Q
q 0 0 0 rg BT 205.15 430.10 Td (payment ) Tj ET Q
q 0 0 0 rg BT 244.30 430.10 Td (amount\) ) Tj ET Q
q 0 0 0 rg BT 282.28 430.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 300.43 430.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 311.59 430.10 Td (November ) Tj ET Q
q 0 0 0 rg BT 358.90 430.10 Td (2024. ) Tj ET Q
q 0 0 0 rg BT 385.51 430.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 387.84 430.10 Td (As ) Tj ET Q
q 0 0 0 rg BT 402.50 430.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 410.15 430.10 Td (result ) Tj ET Q
q 0 0 0 rg BT 436.47 430.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 448.21 430.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 464.03 430.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 486.26 430.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 502.38 430.10 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 526.37 430.10 Td (actuarial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 417.50 Td (valuation, ) Tj ET Q
q 0 0 0 rg BT 93.82 417.50 Td (Martin ) Tj ET Q
q 0 0 0 rg BT 125.03 417.50 Td (Currie ) Tj ET Q
q 0 0 0 rg BT 154.48 417.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 172.26 417.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.72 417.50 Td (plan ) Tj ET Q
q 0 0 0 rg BT 208.42 417.50 Td (trustees ) Tj ET Q
q 0 0 0 rg BT 243.12 417.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 258.56 417.50 Td (contemplating ) Tj ET Q
q 0 0 0 rg BT 321.26 417.50 Td (revised ) Tj ET Q
q 0 0 0 rg BT 354.20 417.50 Td (annual ) Tj ET Q
q 0 0 0 rg BT 384.82 417.50 Td (committed ) Tj ET Q
q 0 0 0 rg BT 432.35 417.50 Td (contribution ) Tj ET Q
q 0 0 0 rg BT 486.30 417.50 Td (amounts.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 392.90 Td (1) Tj ET Q
q 0 0 0 rg BT 54.17 392.90 Td (1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 59.42 392.90 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 64.67 392.90 Td (Capital Stock) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 125.64 392.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 367.70 Td (At ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.41 367.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 94.22 367.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 110.75 367.70 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 131.75 367.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 137.78 367.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.02 367.70 Td (authorized ) Tj ET Q
q 0 0 0 rg BT 201.74 367.70 Td (numbers ) Tj ET Q
q 0 0 0 rg BT 241.30 367.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 253.46 367.70 Td (common ) Tj ET Q
q 0 0 0 rg BT 293.61 367.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.18 367.70 Td (preferred ) Tj ET Q
q 0 0 0 rg BT 354.05 367.70 Td (shares ) Tj ET Q
q 0 0 0 rg BT 383.70 367.70 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.51 367.70 Td (500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 441.63 367.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 445.04 367.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.61 367.70 Td (4,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.23 367.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 493.26 367.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 543.31 367.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 549.34 367.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 552.00 367.70 Td (At ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 355.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 79.82 355.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 95.85 355.10 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 116.85 355.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 119.77 355.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 137.84 355.10 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 158.84 355.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 164.38 355.10 Td (there ) Tj ET Q
q 0 0 0 rg BT 188.27 355.10 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 211.59 355.10 Td (6,634) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 235.21 355.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 238.12 355.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 256.20 355.10 Td (7,872) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 279.82 355.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 282.73 355.10 Td (shares ) Tj ET Q
q 0 0 0 rg BT 311.89 355.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.54 355.10 Td (common ) Tj ET Q
q 0 0 0 rg BT 363.20 355.10 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 390.90 355.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 440.95 355.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 446.49 355.10 Td (reserved ) Tj ET Q
q 0 0 0 rg BT 484.96 355.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 500.12 355.10 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 538.60 355.10 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 342.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.70 342.50 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 110.89 342.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 139.76 342.50 Td (plans. ) Tj ET Q
q 0 0 0 rg BT 167.17 342.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 317.30 Td (Changes in common stock were as follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 291.79999999999995 m
434 291.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434 291.79999999999995 m
438 291.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 291.79999999999995 m
498 291.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 291.79999999999995 m
502 291.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 291.79999999999995 m
562 291.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 276.79999999999995 m
370 276.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 276.79999999999995 m
434 276.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 276.79999999999995 m
498 276.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 276.79999999999995 m
562 276.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 276.79999999999995 m
370 276.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 276.79999999999995 m
434 276.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 276.79999999999995 m
498 276.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 276.79999999999995 m
562 276.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 156.79999999999995 m
434 156.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 156.79999999999995 m
498 156.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 156.79999999999995 m
562 156.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 156.79999999999995 m
370 156.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 141.79999999999995 m
370 141.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 156.79999999999995 m
434 156.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 141.79999999999995 m
434 141.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 156.79999999999995 m
498 156.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 141.79999999999995 m
498 141.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 156.79999999999995 m
562 156.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 141.79999999999995 m
562 141.79999999999995 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.15 296.57 Td (Y) Tj ET Q
q 0 0 0 rg BT 424.68 296.57 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 393.00 281.59 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.00 281.57 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.00 281.57 Td (2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 266.59 Td (COMMON ST) Tj ET Q
q 0 0 0 rg BT 119.10 266.59 Td (OCK) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 251.57 Td (Beginning balance) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.10 251.59 Td (85,557) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 251.57 Td (84,606) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 251.57 Td (95,727) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 236.57 Td (Shares issued for:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 221.57 Td (Stock option exercises) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.35 221.59 Td (1,256) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.25 221.57 Td (198) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.25 221.57 Td (472) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 206.57 Td (Deferred compensation employee stock trust) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 419.50 206.59 Td (14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 206.57 Td (1) Tj ET Q
q 0 0 0 rg BT 488.75 206.57 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 206.57 Td (1) Tj ET Q
q 0 0 0 rg BT 552.75 206.57 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 191.57 Td (Stock-based compensation) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 406.35 191.59 Td (1,410) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 191.57 Td (1,137) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.25 191.57 Td (948) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 176.57 Td (Shares repurchased and retired) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 419.50 176.59 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 176.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 176.57 Td (\(12,204) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 176.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 161.57 Td (Employee tax withholding by settlement of net share transactions) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 410.75 161.59 Td (\(455) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 430.00 161.59 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.75 161.57 Td (\(395) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 161.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.75 161.57 Td (\(348) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 161.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 146.57 Td (Ending balance) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.10 146.59 Td (87,782) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 146.57 Td (85,557) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 146.57 Td (84,606) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 117.10 Td (During ) Tj ET Q
q 0 0 0 rg BT 82.29 117.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 108.08 117.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 134.75 117.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 161.43 117.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 179.64 117.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 206.31 117.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 230.93 117.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 262.56 117.10 Td (retired ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.01 117.10 Td (455) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.76 117.10 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 314.43 117.10 Td (395) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 330.18 117.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 335.86 117.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 354.06 117.10 Td (348) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 369.81 117.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 372.86 117.10 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 404.78 117.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 454.82 117.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 460.50 117.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 472.29 117.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 485.26 117.10 Td (common ) Tj ET Q
q 0 0 0 rg BT 525.05 117.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 550.26 117.10 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 104.50 Td ($15,448) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.63 104.50 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 87.81 104.50 Td ($15,575) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 121.94 104.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 123.50 104.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 140.22 104.50 Td ($13,233) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 174.34 104.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 178.53 104.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 228.58 104.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 232.76 104.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 258.23 104.50 Td (net ) Tj ET Q
q 0 0 0 rg BT 272.62 104.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 296.33 104.50 Td (settlements ) Tj ET Q
q 0 0 0 rg BT 345.14 104.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.45 104.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 391.98 104.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 451.86 104.50 Td (award ) Tj ET Q
q 0 0 0 rg BT 479.07 104.50 Td (vesting. ) Tj ET Q
q 0 0 0 rg BT 513.59 104.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 515.15 104.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 525.46 104.50 Td (addition, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 91.90 Td (during ) Tj ET Q
q 0 0 0 rg BT 79.28 91.90 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 104.39 91.90 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 125.39 91.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 130.39 91.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 154.33 91.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 185.29 91.90 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 230.22 91.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 247.75 91.90 Td (retired ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.52 91.90 Td (6,636) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 301.15 91.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 303.52 91.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 332.13 91.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 343.25 91.90 Td (its ) Tj ET Q
q 0 0 0 rg BT 355.54 91.90 Td (common ) Tj ET Q
q 0 0 0 rg BT 394.65 91.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 419.19 91.90 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 433.80 91.90 Td ($253,649) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 473.18 91.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 475.55 91.90 Td (through ) Tj ET Q
q 0 0 0 rg BT 510.58 91.90 Td (open ) Tj ET Q
q 0 0 0 rg BT 533.36 91.90 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 79.30 Td (purchases. ) Tj ET Q
endstream
endobj
255 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 256 0 R>>
endobj
256 0 obj
<</Length 25660>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (125) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.85 741.75 Td (January ) Tj ET Q
q 0 0 0 rg BT 98.10 741.75 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 125.33 741.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 150.50 741.75 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 188.67 741.75 Td (Board ) Tj ET Q
q 0 0 0 rg BT 217.93 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.27 741.75 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 272.94 741.75 Td (approved ) Tj ET Q
q 0 0 0 rg BT 315.61 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 323.87 741.75 Td (share ) Tj ET Q
q 0 0 0 rg BT 349.63 741.75 Td (repurchase ) Tj ET Q
q 0 0 0 rg BT 398.70 741.75 Td (authorization ) Tj ET Q
q 0 0 0 rg BT 457.70 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 473.54 741.75 Td (up ) Tj ET Q
q 0 0 0 rg BT 487.64 741.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 499.41 741.75 Td ($1,000,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 546.66 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 550.26 741.75 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (repurchases ) Tj ET Q
q 0 0 0 rg BT 102.19 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 114.07 729.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 138.78 729.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 170.49 729.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 210.37 729.15 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 238.30 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 241.43 729.15 Td (On ) Tj ET Q
q 0 0 0 rg BT 257.39 729.15 Td (December ) Tj ET Q
q 0 0 0 rg BT 303.67 729.15 Td (22, ) Tj ET Q
q 0 0 0 rg BT 319.92 729.15 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 346.68 729.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 371.39 729.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 403.11 729.15 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 448.80 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.10 729.15 Td (retired ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.63 729.15 Td (5,568) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.25 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 524.39 729.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 553.76 729.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.91 716.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.32 716.55 Td (common ) Tj ET Q
q 0 0 0 rg BT 144.90 716.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 169.90 716.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 193.14 716.55 Td (Shanda ) Tj ET Q
q 0 0 0 rg BT 226.89 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 241.96 716.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 254.70 716.55 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 298.34 716.55 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 338.49 716.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 362.31 716.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.89 716.55 Td ($225,490) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.26 716.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 418.72 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 421.55 716.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 445.96 716.55 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 483.35 716.55 Td (Board ) Tj ET Q
q 0 0 0 rg BT 511.85 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 523.43 716.55 Td (Directors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (approved ) Tj ET Q
q 0 0 0 rg BT 90.34 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.94 703.95 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 144.03 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 154.55 703.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 177.90 703.95 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 208.54 703.95 Td (utilizing ) Tj ET Q
q 0 0 0 rg BT 245.31 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 259.92 703.95 Td (remaining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 304.26 703.95 Td ($169,019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 343.64 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 345.41 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.93 703.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 379.28 703.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 409.64 703.95 Td (common ) Tj ET Q
q 0 0 0 rg BT 448.16 703.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 472.09 703.95 Td (previously ) Tj ET Q
q 0 0 0 rg BT 518.20 703.95 Td (authorized ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.73 691.35 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 105.04 691.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 131.94 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.76 691.35 Td (January ) Tj ET Q
q 0 0 0 rg BT 183.41 691.35 Td (2015 ) Tj ET Q
q 0 0 0 rg BT 207.40 691.35 Td (authorization ) Tj ET Q
q 0 0 0 rg BT 265.79 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 283.94 691.35 Td (authorizing ) Tj ET Q
q 0 0 0 rg BT 334.75 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 350.57 691.35 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 390.88 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.62 691.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 415.52 691.35 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.50 691.35 Td ($56,471) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.63 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 497.62 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 509.36 691.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.92 691.35 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (common ) Tj ET Q
q 0 0 0 rg BT 89.11 678.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 114.13 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 125.16 678.75 Td (complete ) Tj ET Q
q 0 0 0 rg BT 166.51 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 182.20 678.75 Td (transaction. ) Tj ET Q
q 0 0 0 rg BT 233.76 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 235.99 678.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 250.52 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 262.13 678.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 292.39 678.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 308.38 678.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 334.87 678.75 Td (further ) Tj ET Q
q 0 0 0 rg BT 366.30 678.75 Td (purchases ) Tj ET Q
q 0 0 0 rg BT 410.56 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 422.17 678.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 446.61 678.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 478.05 678.75 Td (common ) Tj ET Q
q 0 0 0 rg BT 517.66 678.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 542.69 678.75 Td (have ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 65.54 666.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 87.99 666.15 Td (authorized ) Tj ET Q
q 0 0 0 rg BT 134.93 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 152.71 666.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 168.16 666.15 Td (prohibited ) Tj ET Q
q 0 0 0 rg BT 213.94 666.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 227.07 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 242.52 666.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 259.82 666.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 275.28 666.15 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 324.55 666.15 Td (while ) Tj ET Q
q 0 0 0 rg BT 350.50 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.95 666.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 383.26 666.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 399.29 666.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 408.92 666.15 Td (pending. ) Tj ET Q
q 0 0 0 rg BT 448.00 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 450.62 666.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.90 640.95 Td (par ) Tj ET Q
q 0 0 0 rg BT 85.37 640.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 111.18 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 123.00 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.90 640.95 Td (shares ) Tj ET Q
q 0 0 0 rg BT 168.21 640.95 Td (repurchased ) Tj ET Q
q 0 0 0 rg BT 222.01 640.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 232.08 640.95 Td (char) Tj ET Q
q 0 0 0 rg BT 249.96 640.95 Td (ged ) Tj ET Q
q 0 0 0 rg BT 268.19 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 279.43 640.95 Td (common ) Tj ET Q
q 0 0 0 rg BT 319.25 640.95 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 347.11 640.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 368.85 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.75 640.95 Td (excess ) Tj ET Q
q 0 0 0 rg BT 415.22 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.04 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 442.94 640.95 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 483.33 640.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 507.38 640.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 529.11 640.95 Td (par ) Tj ET Q
q 0 0 0 rg BT 545.59 640.95 Td (first ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (char) Tj ET Q
q 0 0 0 rg BT 67.38 628.35 Td (ged ) Tj ET Q
q 0 0 0 rg BT 85.16 628.35 Td (against ) Tj ET Q
q 0 0 0 rg BT 117.53 628.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 162.15 628.35 Td (paid-in ) Tj ET Q
q 0 0 0 rg BT 194.52 628.35 Td (capital, ) Tj ET Q
q 0 0 0 rg BT 227.75 628.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 249.04 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 264.50 628.35 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 309.69 628.35 Td (balance, ) Tj ET Q
q 0 0 0 rg BT 347.00 628.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 356.04 628.35 Td (any) Tj ET Q
q 0 0 0 rg BT 370.52 628.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 375.77 628.35 Td (char) Tj ET Q
q 0 0 0 rg BT 393.65 628.35 Td (ged ) Tj ET Q
q 0 0 0 rg BT 411.43 628.35 Td (against ) Tj ET Q
q 0 0 0 rg BT 443.80 628.35 Td (retained ) Tj ET Q
q 0 0 0 rg BT 480.24 628.35 Td (earnings.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (Dividends ) Tj ET Q
q 0 0 0 rg BT 96.06 603.15 Td (declared ) Tj ET Q
q 0 0 0 rg BT 135.00 603.15 Td (per ) Tj ET Q
q 0 0 0 rg BT 151.80 603.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 177.34 603.15 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.13 603.15 Td ($1.60) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 224.76 603.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 230.77 603.15 Td ($1.36) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.40 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 257.79 603.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 276.34 603.15 Td ($1.12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 299.97 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 303.36 603.15 Td (during ) Tj ET Q
q 0 0 0 rg BT 334.16 603.15 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.29 603.15 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 381.29 603.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 387.30 603.15 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 408.30 603.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 414.32 603.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.87 603.15 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 453.87 603.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 459.89 603.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 509.93 603.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 515.95 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 519.34 603.15 Td (Dividends ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (declared ) Tj ET Q
q 0 0 0 rg BT 87.08 590.55 Td (but ) Tj ET Q
q 0 0 0 rg BT 102.52 590.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 117.96 590.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 138.06 590.55 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 147.66 590.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 177.08 590.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 192.23 590.55 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.23 590.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 217.87 590.55 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 238.87 590.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 243.52 590.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 260.70 590.55 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 281.70 590.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 286.35 590.55 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.77 590.55 Td ($34,930) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 342.90 590.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.54 590.55 Td ($29,058) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 381.67 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 383.69 590.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 400.87 590.55 Td ($23,623) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.00 590.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 439.64 590.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 489.69 590.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 494.34 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 511.52 590.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 526.36 590.55 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.15 577.95 Td (Other ) Tj ET Q
q 0 0 0 rg BT 84.54 577.95 Td (current ) Tj ET Q
q 0 0 0 rg BT 115.76 577.95 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 156.32 577.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 168.30 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 182.61 577.95 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 239.51 577.95 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 274.81 577.95 Td (Sheets. ) Tj ET Q
q 0 0 0 rg BT 306.33 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 307.70 577.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 325.51 577.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 342.82 577.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 357.38 577.95 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 405.51 577.95 Td (prohibits ) Tj ET Q
q 0 0 0 rg BT 444.33 577.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 467.38 577.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 497.45 577.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 519.34 577.95 Td (increasing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 61.89 565.35 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 102.26 565.35 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 141.47 565.35 Td (rates ) Tj ET Q
q 0 0 0 rg BT 163.76 565.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 174.98 565.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 197.86 565.35 Td (paying ) Tj ET Q
q 0 0 0 rg BT 228.90 565.35 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 272.21 565.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 285.17 565.35 Td (dates ) Tj ET Q
q 0 0 0 rg BT 309.22 565.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 327.43 565.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 342.72 565.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 358.61 565.35 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 403.07 565.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 424.21 565.35 Td (past ) Tj ET Q
q 0 0 0 rg BT 443.59 565.35 Td (practices ) Tj ET Q
q 0 0 0 rg BT 483.37 565.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 513.25 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 528.55 565.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 549.68 565.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (Mer) Tj ET Q
q 0 0 0 rg BT 66.80 552.75 Td (ger ) Tj ET Q
q 0 0 0 rg BT 82.84 552.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 92.47 552.75 Td (pending.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 528.15 Td (12) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.00 528.15 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.00 528.15 Td (Stock-Based ) Tj ET Q
q 0 0 0 rg BT 123.05 528.15 Td (Compensation) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 187.81 528.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.15 502.95 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 111.79 502.95 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 164.44 502.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 225.84 502.95 Td (includes ) Tj ET Q
q 0 0 0 rg BT 263.91 502.95 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 306.05 502.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 331.29 502.95 Td (units, ) Tj ET Q
q 0 0 0 rg BT 357.42 502.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 382.66 502.95 Td (options, ) Tj ET Q
q 0 0 0 rg BT 419.28 502.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 432.27 502.95 Td (employee ) Tj ET Q
q 0 0 0 rg BT 476.16 502.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 501.41 502.95 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 541.80 502.95 Td (plan, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 490.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 80.22 490.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 96.95 490.35 Td (performance-based ) Tj ET Q
q 0 0 0 rg BT 178.97 490.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 233.59 490.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 261.40 490.35 Td (payable ) Tj ET Q
q 0 0 0 rg BT 295.61 490.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 305.35 490.35 Td (common ) Tj ET Q
q 0 0 0 rg BT 343.66 490.35 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 370.02 490.35 Td (af) Tj ET Q
q 0 0 0 rg BT 377.98 490.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 404.04 490.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 459.25 490.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 487.06 490.35 Td (plans ) Tj ET Q
q 0 0 0 rg BT 510.80 490.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 527.52 490.35 Td (deferred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.56 477.75 Td (payable ) Tj ET Q
q 0 0 0 rg BT 145.95 477.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 156.85 477.75 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 184.38 477.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 187.12 477.75 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 217.85 477.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 258.48 477.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 273.46 477.75 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 311.77 477.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 338.42 477.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.98 477.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 382.97 477.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 424.19 477.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 449.09 477.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 469.91 477.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 481.39 477.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.88 477.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 523.02 477.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.88 477.75 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.88 477.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 465.15 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 72.84 465.15 Td (6,331) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 96.46 465.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 102.02 465.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 104.96 465.15 Td (Options ) Tj ET Q
q 0 0 0 rg BT 141.15 465.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 167.99 465.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 192.50 465.15 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 224.00 465.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 231.02 465.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 260.20 465.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 301.62 465.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 326.72 465.15 Td (plans ) Tj ET Q
q 0 0 0 rg BT 351.82 465.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 374.58 465.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 397.33 465.15 Td (granted ) Tj ET Q
q 0 0 0 rg BT 431.75 465.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 442.27 465.15 Td (prices ) Tj ET Q
q 0 0 0 rg BT 470.27 465.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 486.63 465.15 Td (less ) Tj ET Q
q 0 0 0 rg BT 505.31 465.15 Td (than ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 526.32 465.15 Td (100%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 550.82 465.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 553.76 465.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.75 452.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 81.75 452.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 113.33 452.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 138.49 452.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 151.42 452.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.67 452.55 Td (date ) Tj ET Q
q 0 0 0 rg BT 186.58 452.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.76 452.55 Td (grant. ) Tj ET Q
q 0 0 0 rg BT 224.38 452.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 226.81 452.55 Td (Options ) Tj ET Q
q 0 0 0 rg BT 262.49 452.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 277.73 452.55 Td (generally ) Tj ET Q
q 0 0 0 rg BT 319.22 452.55 Td (exercisable ) Tj ET Q
q 0 0 0 rg BT 368.87 452.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 379.46 452.55 Td (equal ) Tj ET Q
q 0 0 0 rg BT 404.62 452.55 Td (increments ) Tj ET Q
q 0 0 0 rg BT 453.11 452.55 Td (over ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.20 452.55 Td (four ) Tj ET Q
q 0 0 0 rg BT 494.12 452.55 Td (years) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.27 452.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 518.70 452.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 536.28 452.55 Td (expire ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.95 Td (within ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.96 439.95 Td (eight ) Tj ET Q
q 0 0 0 rg BT 102.58 439.95 Td (years) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 124.74 439.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 127.36 439.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 138.15 439.95 Td (10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 148.65 439.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 151.28 439.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 176.06 439.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 199.09 439.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 214.55 439.95 Td (date ) Tj ET Q
q 0 0 0 rg BT 234.66 439.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.03 439.95 Td (grant.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 414.75 Td (components ) Tj ET Q
q 0 0 0 rg BT 121.82 414.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.19 414.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 157.39 414.75 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 194.58 414.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 215.86 414.75 Td (stock-based ) Tj ET Q
q 0 0 0 rg BT 268.06 414.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 329.00 414.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 365.45 414.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 388.47 414.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 399.84 414.75 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 389.25 m
401 389.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 389.25 m
405 389.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 389.25 m
482 389.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 389.25 m
563 389.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 374.25 m
320 374.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 389.25 m
401 389.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 374.25 m
401 374.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 389.25 m
405 389.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 389.25 m
482 389.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 374.25 m
482 374.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 389.25 m
563 389.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 374.25 m
563 374.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 374.25 m
401 374.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 374.25 m
482 374.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 374.25 m
563 374.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 269.25 m
320 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 269.25 m
401 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 269.25 m
482 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 269.25 m
563 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 253.25 m
320 253.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 253.25 m
401 253.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 269.25 m
482 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 253.25 m
482 253.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 269.25 m
563 269.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 253.25 m
563 253.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 393.65 394.02 Td (Y) Tj ET Q
q 0 0 0 rg BT 400.71 394.02 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 351.50 379.04 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.50 379.02 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 513.50 379.02 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 364.02 Td (Restricted stock and restricted stock units) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 326.50 364.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 368.10 364.04 Td (52,322) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.50 364.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.10 364.02 Td (49,282) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.50 364.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 364.02 Td (54,348) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 349.02 Td (Stock options) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 373.35 349.04 Td (2,853) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.35 349.02 Td (4,537) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 349.02 Td (7,478) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 334.02 Td (Employee stock purchase plan) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.25 334.04 Td (474) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.25 334.02 Td (61) Tj ET Q
q 0 0 0 rg BT 472.75 334.02 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.25 334.02 Td (662) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 319.02 Td (Non-employee director awards) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 373.35 319.04 Td (1,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.35 319.02 Td (5,332) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 319.02 Td (3,103) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 304.02 Td (Af) Tj ET Q
q 0 0 0 rg BT 63.48 304.02 Td (filiate management equity plans) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 373.35 304.04 Td (1,694) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.35 304.02 Td (1,025) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 304.02 Td (1,275) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 289.02 Td (Performance share units) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 373.35 289.04 Td (8,925) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.35 289.02 Td (5,065) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 289.02 Td (3,981) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 274.02 Td (Employee stock trust) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 386.50 274.04 Td (33) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.50 274.02 Td (32) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.50 274.02 Td (28) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 258.02 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 258.02 Td (otal stock-based compensation expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 326.50 258.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 368.10 258.04 Td (67,301) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.50 258.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.10 258.02 Td (65,884) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.50 258.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 258.02 Td (70,875) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
257 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 258 0 R>>
endobj
258 0 obj
<</Length 21925>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (126) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.90 Td (Restricted Stock) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.30 Td (Restricted ) Tj ET Q
q 0 0 0 rg BT 94.70 704.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 119.49 704.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 137.27 704.30 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 178.96 704.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 203.75 704.30 Td (unit ) Tj ET Q
q 0 0 0 rg BT 222.71 704.30 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 275.49 704.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 290.93 704.30 Td (summarized ) Tj ET Q
q 0 0 0 rg BT 344.87 704.30 Td (below:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 657.8 m
419 657.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423 657.8 m
491 657.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495 657.8 m
563 657.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 657.8 m
419 657.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423 657.8 m
491 657.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
495 657.8 m
563 657.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 597.8 m
419 597.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423 597.8 m
491 597.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 537.8 m
419 537.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423 537.8 m
491 537.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 477.8 m
419 477.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 462.8 m
419 462.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423 477.8 m
491 477.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423 462.8 m
491 462.8 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 662.59 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 433.60 673.07 Td (Number of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 442.50 662.57 Td (Shares) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.75 683.57 Td (W) Tj ET Q
q 0 0 0 rg BT 515.82 683.57 Td (eighted-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.80 673.07 Td (A) Tj ET Q
q 0 0 0 rg BT 504.60 673.07 Td (verage Grant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.40 662.57 Td (Date ) Tj ET Q
q 0 0 0 rg BT 527.66 662.57 Td (V) Tj ET Q
q 0 0 0 rg BT 534.08 662.57 Td (alue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 647.57 Td (Unvested shares at March 31, 2017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 647.57 Td (3,321) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.50 647.57 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 647.57 Td (38.92) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 632.57 Td (Granted) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 632.57 Td (1,460) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 632.57 Td (37.68) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 617.57 Td (V) Tj ET Q
q 0 0 0 rg BT 59.50 617.57 Td (ested) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 617.57 Td (\(1,410) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 617.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 617.57 Td (39.59) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 602.57 Td (Canceled/forfeited) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 473.00 602.57 Td (\(72) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 602.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 602.57 Td (38.10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 587.57 Td (Unvested shares at March 31, 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 587.57 Td (3,299) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 587.57 Td (38.09) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 572.57 Td (Granted) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 572.57 Td (1,190) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 572.57 Td (38.93) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 557.57 Td (V) Tj ET Q
q 0 0 0 rg BT 59.50 557.57 Td (ested) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 557.57 Td (\(1,291) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 557.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 557.57 Td (39.72) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 542.57 Td (Canceled/forfeited) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.75 542.57 Td (\(153) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 542.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 542.57 Td (37.52) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 527.57 Td (Unvested shares at March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 527.57 Td (3,045) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 527.57 Td (37.76) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 512.57 Td (Granted) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.35 512.57 Td (1,206) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 512.57 Td (35.50) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 497.57 Td (V) Tj ET Q
q 0 0 0 rg BT 59.50 497.57 Td (ested) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 497.57 Td (\(1,412) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 497.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 497.57 Td (38.51) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 482.57 Td (Canceled/forfeited) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 473.00 482.57 Td (\(79) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 482.57 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 482.57 Td (36.67) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 467.59 Td (Unvested shar) Tj ET Q
q 0 0 0 rg BT 116.19 467.59 Td (es at Mar) Tj ET Q
q 0 0 0 rg BT 158.56 467.59 Td (ch 31, 2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 463.35 467.59 Td (2,760) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 497.50 467.59 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 535.35 467.59 Td (36.43) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 438.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.82 438.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 110.87 438.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 136.03 438.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 154.18 438.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 196.24 438.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 221.40 438.10 Td (unit ) Tj ET Q
q 0 0 0 rg BT 240.73 438.10 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 293.87 438.10 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 333.59 438.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 344.75 438.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 360.57 438.10 Td (table ) Tj ET Q
q 0 0 0 rg BT 383.97 438.10 Td (above ) Tj ET Q
q 0 0 0 rg BT 412.03 438.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 435.42 438.10 Td (non-cash ) Tj ET Q
q 0 0 0 rg BT 476.32 438.10 Td (transactions. ) Tj ET Q
q 0 0 0 rg BT 532.09 438.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 549.67 438.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 425.50 Td (years ) Tj ET Q
q 0 0 0 rg BT 74.59 425.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 102.60 425.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 132.95 425.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 149.01 425.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 175.57 425.50 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 202.14 425.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 220.24 425.50 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 246.80 425.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 271.32 425.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 302.84 425.50 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 351.83 425.50 Td (income ) Tj ET Q
q 0 0 0 rg BT 385.68 425.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 401.45 425.50 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 437.62 425.50 Td (related ) Tj ET Q
q 0 0 0 rg BT 469.13 425.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 480.23 425.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 522.24 425.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 547.34 425.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 412.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 92.04 412.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 117.68 412.90 Td (unit ) Tj ET Q
q 0 0 0 rg BT 137.48 412.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 170.70 412.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 182.92 412.90 Td ($13,553) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 217.04 412.90 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 223.14 412.90 Td ($12,767) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 257.26 412.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 263.36 412.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 282.00 412.90 Td ($20,972) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 316.12 412.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 322.22 412.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 372.27 412.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 378.37 412.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 381.84 412.90 Td (Unamortized ) Tj ET Q
q 0 0 0 rg BT 440.13 412.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 501.92 412.90 Td (cost ) Tj ET Q
q 0 0 0 rg BT 522.31 412.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 554.35 412.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 400.30 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 88.87 400.30 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 129.99 400.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 154.20 400.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 185.99 400.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 195.62 400.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 225.07 400.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 240.24 400.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 265.92 400.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 276.71 400.30 Td ($50,757) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 310.84 400.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 312.89 400.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 321.94 400.30 Td (expected ) Tj ET Q
q 0 0 0 rg BT 361.30 400.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 371.52 400.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 383.48 400.30 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 431.58 400.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 452.29 400.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 459.00 400.30 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 535.67 400.30 Td (period ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 387.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.87 387.70 Td (1.6 ) Tj ET Q
q 0 0 0 rg BT 76.62 387.70 Td (years) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 98.78 387.70 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 362.50 Td (Clarion performance shares) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 349.90 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.50 349.90 Td (part ) Tj ET Q
q 0 0 0 rg BT 82.16 349.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.24 349.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 108.40 349.90 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 156.82 349.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.90 349.90 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 201.73 349.90 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 238.47 349.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 248.46 349.90 Td (April ) Tj ET Q
q 0 0 0 rg BT 272.95 349.90 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 298.91 349.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 322.82 349.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 353.74 349.90 Td (granted ) Tj ET Q
q 0 0 0 rg BT 387.56 349.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 418.46 349.90 Td (key ) Tj ET Q
q 0 0 0 rg BT 435.95 349.90 Td (employees ) Tj ET Q
q 0 0 0 rg BT 483.19 349.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.27 349.90 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 528.10 349.90 Td (Partners ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 337.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 57.79 337.30 Td (total ) Tj ET Q
q 0 0 0 rg BT 80.08 337.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 92.46 337.30 Td (716) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 108.21 337.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 111.83 337.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 115.46 337.30 Td (performance-based ) Tj ET Q
q 0 0 0 rg BT 199.54 337.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 224.75 337.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 256.96 337.30 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 299.65 337.30 Td (share ) Tj ET Q
q 0 0 0 rg BT 325.44 337.30 Td (units, ) Tj ET Q
q 0 0 0 rg BT 352.11 337.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 381.40 337.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 397.85 337.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 414.89 337.30 Td (included ) Tj ET Q
q 0 0 0 rg BT 454.68 337.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 466.47 337.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.93 337.30 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 523.88 337.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 553.75 337.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 324.70 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 91.08 324.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 115.77 324.70 Td (units ) Tj ET Q
q 0 0 0 rg BT 138.71 324.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 149.40 324.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 164.75 324.70 Td (table ) Tj ET Q
q 0 0 0 rg BT 187.67 324.70 Td (above, ) Tj ET Q
q 0 0 0 rg BT 217.89 324.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 239.08 324.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 251.51 324.70 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 294.83 324.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 311.92 324.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 337.18 324.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 348.45 324.70 Td ($1) Tj ET Q
q 0 0 0 rg BT 358.56 324.70 Td (1,121) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.19 324.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 387.33 324.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 415.51 324.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 434.36 324.70 Td (included ) Tj ET Q
q 0 0 0 rg BT 473.04 324.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 483.73 324.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 499.07 324.70 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 538.91 324.70 Td (price. ) Tj ET Q
q 0 0 0 rg BT 565.14 324.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 312.10 Td (These ) Tj ET Q
q 0 0 0 rg BT 77.20 312.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 118.89 312.10 Td (share ) Tj ET Q
q 0 0 0 rg BT 143.67 312.10 Td (units ) Tj ET Q
q 0 0 0 rg BT 166.71 312.10 Td (vested ) Tj ET Q
q 0 0 0 rg BT 196.16 312.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 219.79 312.10 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 253.91 312.10 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 290.94 312.10 Td (achieving ) Tj ET Q
q 0 0 0 rg BT 334.38 312.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 341.67 312.10 Td (certain ) Tj ET Q
q 0 0 0 rg BT 372.86 312.10 Td (level ) Tj ET Q
q 0 0 0 rg BT 395.89 312.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 407.26 312.10 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 445.17 312.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 447.80 312.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 459.17 312.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 470.54 312.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 500.57 312.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 516.32 312.10 Td (2020.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 286.90 Td (Stock Options) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 274.30 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 76.04 274.30 Td (option ) Tj ET Q
q 0 0 0 rg BT 105.50 274.30 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 158.28 274.30 Td (under ) Tj ET Q
q 0 0 0 rg BT 184.81 274.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 209.01 274.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 246.20 274.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 275.07 274.30 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 316.18 274.30 Td (plans ) Tj ET Q
q 0 0 0 rg BT 340.97 274.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 356.41 274.30 Td (summarized ) Tj ET Q
q 0 0 0 rg BT 410.36 274.30 Td (below:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 227.79999999999995 m
397 227.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 227.79999999999995 m
471 227.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
475 227.79999999999995 m
563 227.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 227.79999999999995 m
397 227.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 227.79999999999995 m
471 227.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
475 227.79999999999995 m
563 227.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 175.79999999999995 m
397 175.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 175.79999999999995 m
471 175.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 136.79999999999995 m
397 136.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 136.79999999999995 m
471 136.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 97.79999999999995 m
397 97.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 84.79999999999995 m
397 84.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 97.79999999999995 m
471 97.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 84.79999999999995 m
471 84.79999999999995 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 232.57 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.25 243.07 Td (Number) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.80 232.57 Td (of�Shares) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.35 253.57 Td (W) Tj ET Q
q 0 0 0 rg BT 488.42 253.57 Td (eighted-A) Tj ET Q
q 0 0 0 rg BT 529.63 253.57 Td (verage) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.00 243.07 Td (Exercise Price Per) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.50 232.57 Td (Share) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 218.02 Td (Options outstanding at March 31, 2017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.35 218.02 Td (4,593) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.50 218.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 218.02 Td (38.15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 205.02 Td (Granted) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.25 205.02 Td (440) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 205.02 Td (37.79) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 192.02 Td (Exercised) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.75 192.02 Td (\(490) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 192.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 192.02 Td (30.09) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 179.02 Td (Canceled/forfeited) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.75 179.02 Td (\(106) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 179.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 179.02 Td (47.42) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 166.02 Td (Options outstanding at March 31, 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.35 166.02 Td (4,437) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 166.02 Td (38.78) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 153.02 Td (Exercised) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.75 153.02 Td (\(201) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 153.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 153.02 Td (31.15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 140.02 Td (Canceled/forfeited) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.75 140.02 Td (\(121) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 140.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 140.02 Td (42.31) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 127.02 Td (Options outstanding at March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.35 127.02 Td (4,1) Tj ET Q
q 0 0 0 rg BT 456.48 127.02 Td (15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 127.02 Td (39.05) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 114.02 Td (Exercised) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.85 114.02 Td (\(1,497) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 114.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.85 114.02 Td (34.56) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 101.02 Td (Canceled/forfeited) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.75 101.02 Td (\(100) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.00 101.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 101.02 Td (46.79) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 88.19 Td (Options outstanding at Mar) Tj ET Q
q 0 0 0 rg BT 177.46 88.19 Td (ch 31, 2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 443.35 88.19 Td (2,518) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 477.50 88.19 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 535.35 88.19 Td (41.41) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 60.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.08 60.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 89.01 60.10 Td (intrinsic ) Tj ET Q
q 0 0 0 rg BT 125.68 60.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 150.68 60.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 161.69 60.10 Td (options ) Tj ET Q
q 0 0 0 rg BT 194.87 60.10 Td (exercised ) Tj ET Q
q 0 0 0 rg BT 236.77 60.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 266.44 60.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 281.53 60.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 305.95 60.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 333.28 60.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 362.94 60.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 378.33 60.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 404.21 60.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 430.09 60.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 447.52 60.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 473.40 60.10 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 491.99 60.10 Td ($17,476) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 526.11 60.10 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 531.00 60.10 Td ($1,084) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.87 60.10 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 47.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.29 47.50 Td ($4,647) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 96.16 47.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 101.41 47.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 151.46 47.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 156.13 47.50 Td (At ) Tj ET Q
q 0 0 0 rg BT 169.25 47.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 199.28 47.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 215.03 47.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 241.28 47.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.74 47.50 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 300.17 47.50 Td (intrinsic ) Tj ET Q
q 0 0 0 rg BT 337.21 47.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 362.57 47.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 373.94 47.50 Td (options ) Tj ET Q
q 0 0 0 rg BT 407.49 47.50 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 459.11 47.50 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.07 47.50 Td ($22,864) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 512.19 47.50 Td (.) Tj ET Q
endstream
endobj
259 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 260 0 R>>
endobj
260 0 obj
<</Length 20675>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (127) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 729.15 Td (following ) Tj ET Q
q 0 0 0 rg BT 111.91 729.15 Td (information ) Tj ET Q
q 0 0 0 rg BT 164.11 729.15 Td (summarizes ) Tj ET Q
q 0 0 0 rg BT 216.88 729.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 241.08 729.15 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 278.27 729.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 303.06 729.15 Td (options ) Tj ET Q
q 0 0 0 rg BT 336.61 729.15 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 388.23 729.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 398.43 729.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 428.46 729.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 444.21 729.15 Td (2020:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 674.65 m
307.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
307.5 674.65 m
311.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 674.65 m
390.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
394.5 674.65 m
473.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
477.5 674.65 m
556.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 674.65 m
307.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
307.5 674.65 m
311.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 674.65 m
390.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
394.5 674.65 m
473.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
477.5 674.65 m
556.5 674.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 635.65 m
390.5 635.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 635.65 m
390.5 635.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 622.65 m
390.5 622.65 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.00 679.42 Td (Exercise Price Range) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 320.60 689.92 Td (Option Shares) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 324.80 679.42 Td (Outstanding) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.75 708.87 Td (W) Tj ET Q
q 0 0 0 rg BT 421.24 708.87 Td (eighted-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 416.10 698.37 Td (A) Tj ET Q
q 0 0 0 rg BT 423.29 698.37 Td (verage) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.30 687.87 Td (Exercise Price) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.20 677.42 Td (Per Share) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.75 708.87 Td (W) Tj ET Q
q 0 0 0 rg BT 503.82 708.87 Td (eighted-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 499.10 698.37 Td (A) Tj ET Q
q 0 0 0 rg BT 505.90 698.37 Td (verage) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.40 687.87 Td (Remaining Life) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 496.50 677.42 Td (\(in years\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.00 664.87 Td ($14.81 - $25.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 376.00 664.87 Td (38) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 441.10 664.87 Td ($23.72) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.60 664.87 Td (0.13) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.00 651.87 Td (  25.01 -   35.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.75 651.87 Td (910) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.85 651.87 Td (31.38) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.60 651.87 Td (3.55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.00 638.87 Td (  35.01 -   55.18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 362.85 638.87 Td (1,570) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.85 638.87 Td (47.65) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.60 638.87 Td (3.13) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 362.85 626.04 Td (2,518) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 597.95 Td (At ) Tj ET Q
q 0 0 0 rg BT 61.58 597.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 90.57 597.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 105.27 597.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 130.48 597.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 155.68 597.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 172.42 597.95 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 195.00 597.95 Td (options ) Tj ET Q
q 0 0 0 rg BT 227.51 597.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 249.49 597.95 Td (exercisable ) Tj ET Q
q 0 0 0 rg BT 298.29 597.95 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 312.11 597.95 Td (2,1) Tj ET Q
q 0 0 0 rg BT 324.85 597.95 Td (15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 335.35 597.95 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 339.55 597.95 Td (3,233) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 363.18 597.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 367.38 597.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.13 597.95 Td (2,867) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.75 597.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 409.33 597.95 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 439.78 597.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 489.82 597.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 494.03 597.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 514.28 597.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 520.52 597.95 Td (weighted-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 585.35 Td (average ) Tj ET Q
q 0 0 0 rg BT 85.23 585.35 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 122.71 585.35 Td (price ) Tj ET Q
q 0 0 0 rg BT 146.79 585.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 158.63 585.35 Td ($42.63) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 187.50 585.35 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 193.22 585.35 Td ($39.12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 222.09 585.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 227.81 585.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 246.06 585.35 Td ($37.64) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 274.93 585.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 280.65 585.35 Td (respectively) Tj ET Q
q 0 0 0 rg BT 330.69 585.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 336.41 585.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 339.50 585.35 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 366.51 585.35 Td (options ) Tj ET Q
q 0 0 0 rg BT 400.52 585.35 Td (exercisable ) Tj ET Q
q 0 0 0 rg BT 450.83 585.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 461.50 585.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 491.99 585.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 508.21 585.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 534.92 585.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 557.84 585.35 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 572.75 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 90.84 572.75 Td (average ) Tj ET Q
q 0 0 0 rg BT 126.32 572.75 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 171.74 572.75 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 221.23 572.75 Td (life ) Tj ET Q
q 0 0 0 rg BT 238.07 572.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.66 572.75 Td (3.0) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 262.78 572.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 265.63 572.75 Td (years. ) Tj ET Q
q 0 0 0 rg BT 293.26 572.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 295.48 572.75 Td (At ) Tj ET Q
q 0 0 0 rg BT 308.82 572.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 339.07 572.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 355.05 572.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 381.52 572.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.19 572.75 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 440.85 572.75 Td (intrinsic ) Tj ET Q
q 0 0 0 rg BT 478.11 572.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 503.69 572.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.28 572.75 Td (exercisable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 560.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 78.37 560.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 97.32 560.15 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 102.57 560.15 Td (17,283) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 131.45 560.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 534.95 Td (The following summarizes Legg Mason's stock options exercisable at March 31, 2020:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 480.45 m
397 480.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 480.45 m
480 480.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484 480.45 m
563 480.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 480.45 m
397 480.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 480.45 m
480 480.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484 480.45 m
563 480.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 441.45 m
480 441.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 441.45 m
480 441.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 428.45 m
480 428.45 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 485.22 Td (Exercise Price Range) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.10 495.72 Td (Option Shares) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.50 485.22 Td (Exercisable) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 501.25 514.67 Td (W) Tj ET Q
q 0 0 0 rg BT 510.32 514.67 Td (eighted-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.60 504.17 Td (A) Tj ET Q
q 0 0 0 rg BT 512.40 504.17 Td (verage) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.80 493.67 Td (Exercise Price) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.70 483.22 Td (Per Share) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 470.67 Td ($14.81 - $25.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.50 470.67 Td (38) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.50 470.67 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 470.67 Td (23.72) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 457.67 Td (  25.01 -   35.00) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.25 457.67 Td (733) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.85 457.67 Td (31.40) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 444.67 Td (  35.01 -   55.18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.35 444.67 Td (1,344) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.85 444.67 Td (49.29) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 452.35 431.84 Td (2,1) Tj ET Q
q 0 0 0 rg BT 465.48 431.84 Td (15) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 409.35 Td (The following information summarizes unvested stock options under Legg Mason's equity incentive plan for the year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 396.75 Td (ended March 31, 2020:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 342.25 m
397 342.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 342.25 m
480 342.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484 342.25 m
563 342.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 342.25 m
397 342.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 342.25 m
480 342.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484 342.25 m
563 342.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 303.25 m
480 303.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 303.25 m
397 303.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 290.25 m
397 290.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 303.25 m
480 303.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 290.25 m
480 290.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.10 357.52 Td (Number of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.00 347.02 Td (Shares) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 501.25 376.47 Td (W) Tj ET Q
q 0 0 0 rg BT 510.32 376.47 Td (eighted-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.60 365.97 Td (A) Tj ET Q
q 0 0 0 rg BT 512.40 365.97 Td (verage) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.80 355.47 Td (Exercise Price) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.70 345.02 Td (Per Share) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 332.47 Td (Options unvested at March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 460.25 332.47 Td (882) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.50 332.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 332.47 Td (38.78) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 319.47 Td (V) Tj ET Q
q 0 0 0 rg BT 59.50 319.47 Td (ested) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.75 319.47 Td (\(478) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.00 319.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 319.47 Td (41.99) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 306.47 Td (Canceled/forfeited) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.25 306.47 Td (\(2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.00 306.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 306.47 Td (34.77) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 293.64 Td (Options unvested at Mar) Tj ET Q
q 0 0 0 rg BT 164.02 293.64 Td (ch 31, 2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 460.25 293.64 Td (402) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 486.50 293.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 535.35 293.64 Td (34.97) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 271.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.80 271.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.35 271.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 107.22 271.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 135.00 271.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 165.12 271.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 180.96 271.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 207.31 271.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 233.65 271.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 251.52 271.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 277.86 271.15 Td (income ) Tj ET Q
q 0 0 0 rg BT 311.49 271.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 327.03 271.15 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 362.98 271.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 394.26 271.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 405.15 271.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 430.03 271.15 Td (options ) Tj ET Q
q 0 0 0 rg BT 463.66 271.15 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.78 271.15 Td ($685) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 507.78 271.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 513.12 271.15 Td ($1,170) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 542.00 271.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 547.34 271.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 258.55 Td ($2,715) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.38 258.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 84.03 258.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 134.08 258.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 139.73 258.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 142.76 258.55 Td (Unamortized ) Tj ET Q
q 0 0 0 rg BT 200.61 258.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 261.96 258.55 Td (cost ) Tj ET Q
q 0 0 0 rg BT 281.90 258.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 313.50 258.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 324.69 258.55 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 365.05 258.55 Td (options ) Tj ET Q
q 0 0 0 rg BT 399.00 258.55 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.27 258.55 Td (402) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.02 258.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 433.05 258.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 462.33 258.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 472.93 258.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 503.37 258.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 519.52 258.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 546.18 258.55 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 245.95 Td ($616) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 245.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 75.75 245.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 104.04 245.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 113.67 245.95 Td (expected ) Tj ET Q
q 0 0 0 rg BT 153.60 245.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 164.39 245.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 176.93 245.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 225.61 245.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 246.89 245.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 254.18 245.95 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 331.43 245.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 360.88 245.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.25 245.95 Td (0.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.37 245.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 388.00 245.95 Td (years.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 220.75 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 72.42 220.75 Td (received ) Tj ET Q
q 0 0 0 rg BT 109.90 220.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 132.24 220.75 Td (exercises ) Tj ET Q
q 0 0 0 rg BT 172.64 220.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 183.31 220.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 207.40 220.75 Td (options ) Tj ET Q
q 0 0 0 rg BT 240.24 220.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 266.07 220.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 289.57 220.75 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 326.05 220.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 354.22 220.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 394.63 220.75 Td (plans ) Tj ET Q
q 0 0 0 rg BT 418.72 220.75 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.97 220.75 Td ($43,386) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.09 220.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.64 220.75 Td ($6,1) Tj ET Q
q 0 0 0 rg BT 493.63 220.75 Td (14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.13 220.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 508.67 220.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.76 220.75 Td ($14,072) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.88 220.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 208.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 65.41 208.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 81.90 208.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 107.71 208.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 136.45 208.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 167.52 208.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 184.30 208.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 211.59 208.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 238.88 208.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.70 208.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 284.99 208.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 335.04 208.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 341.33 208.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 344.73 208.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 364.71 208.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 381.21 208.15 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 414.02 208.15 Td (expected ) Tj ET Q
q 0 0 0 rg BT 454.99 208.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 466.82 208.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 480.40 208.15 Td (realized ) Tj ET Q
q 0 0 0 rg BT 517.29 208.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 533.19 208.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 549.68 208.15 Td (tax ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 195.55 Td (deductions ) Tj ET Q
q 0 0 0 rg BT 98.03 195.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 121.47 195.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 146.08 195.55 Td (option ) Tj ET Q
q 0 0 0 rg BT 175.95 195.55 Td (exercises ) Tj ET Q
q 0 0 0 rg BT 217.46 195.55 Td (totaled ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.07 195.55 Td ($3,289) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 277.94 195.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.60 195.55 Td ($198) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 304.60 195.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 310.26 195.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.46 195.55 Td ($1,408) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.33 195.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 362.99 195.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 378.27 195.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 394.13 195.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 419.32 195.55 Td (ended ) Tj ET Q
q 0 0 0 rg BT 447.42 195.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 477.86 195.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 494.02 195.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 520.68 195.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 547.33 195.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 182.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 75.75 182.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 125.80 182.95 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 158.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.84 158.35 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 146.47 158.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 164.05 158.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 189.80 158.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 201.56 158.35 Td (service-based ) Tj ET Q
q 0 0 0 rg BT 261.71 158.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 286.88 158.35 Td (options ) Tj ET Q
q 0 0 0 rg BT 320.81 158.35 Td (granted ) Tj ET Q
q 0 0 0 rg BT 355.31 158.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 385.74 158.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.57 158.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 422.65 158.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 450.74 158.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 481.15 158.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 497.29 158.35 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 523.92 158.35 Td (using ) Tj ET Q
q 0 0 0 rg BT 549.69 158.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 145.75 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 112.78 145.75 Td (option ) Tj ET Q
q 0 0 0 rg BT 142.24 145.75 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 174.61 145.75 Td (model ) Tj ET Q
q 0 0 0 rg BT 203.48 145.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 222.43 145.75 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 227.68 145.75 Td (8.41) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 245.18 145.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 250.43 145.75 Td ( ) Tj ET Q
endstream
endobj
261 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 262 0 R>>
endobj
262 0 obj
<</Length 41215>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (128) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 111.91 741.75 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 189.16 741.75 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 243.70 741.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 266.73 741.75 Td (used ) Tj ET Q
q 0 0 0 rg BT 288.60 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 299.39 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 314.85 741.75 Td (model ) Tj ET Q
q 0 0 0 rg BT 343.72 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 358.59 741.75 Td (grants:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
478 705.25 m
563 705.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 705.25 m
474 705.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
478 705.25 m
563 705.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.60 720.52 Td (Y) Tj ET Q
q 0 0 0 rg BT 502.13 720.52 Td (ear Ended) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.25 710.02 Td ( March 31, 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 695.47 Td (Expected dividend yield) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 695.47 Td (1.71) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 695.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 681.47 Td (Risk-free interest rate) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.35 681.47 Td (1.92) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 681.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 667.47 Td (Expected volatility) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 667.47 Td (26.91) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 553.75 667.47 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 653.47 Td (Expected life \(in years\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.10 653.47 Td (5.09) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 624.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.76 624.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.03 624.55 Td (uses ) Tj ET Q
q 0 0 0 rg BT 125.79 624.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 138.39 624.55 Td (equally ) Tj ET Q
q 0 0 0 rg BT 171.98 624.55 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 213.15 624.55 Td (combination ) Tj ET Q
q 0 0 0 rg BT 268.33 624.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 279.76 624.55 Td (both ) Tj ET Q
q 0 0 0 rg BT 301.11 624.55 Td (implied ) Tj ET Q
q 0 0 0 rg BT 335.87 624.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 353.72 624.55 Td (historical ) Tj ET Q
q 0 0 0 rg BT 395.48 624.55 Td (volatility ) Tj ET Q
q 0 0 0 rg BT 436.08 624.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 446.93 624.55 Td (measure ) Tj ET Q
q 0 0 0 rg BT 484.60 624.55 Td (expected ) Tj ET Q
q 0 0 0 rg BT 524.59 624.55 Td (volatility ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 611.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.37 611.95 Td (calculating ) Tj ET Q
q 0 0 0 rg BT 113.06 611.95 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 176.33 611.95 Td (option ) Tj ET Q
q 0 0 0 rg BT 205.79 611.95 Td (values.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 586.75 Td (Af) Tj ET Q
q 0 0 0 rg BT 59.81 586.75 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 87.51 586.75 Td (Management ) Tj ET Q
q 0 0 0 rg BT 147.31 586.75 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 178.52 586.75 Td (Plans ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 574.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.89 574.15 Td (connection ) Tj ET Q
q 0 0 0 rg BT 109.61 574.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 130.92 574.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.40 574.15 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 195.12 574.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 206.52 574.15 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 240.66 574.15 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 277.71 574.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 287.94 574.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 312.76 574.15 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 339.03 574.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 363.25 574.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 394.48 574.15 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 451.95 574.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 459.25 574.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 515.55 574.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 544.44 574.15 Td (plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 561.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 63.83 561.55 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 97.42 561.55 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 133.92 561.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 151.75 561.55 Td (entitles ) Tj ET Q
q 0 0 0 rg BT 184.17 561.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 214.83 561.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.66 561.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 237.67 561.55 Td (key ) Tj ET Q
q 0 0 0 rg BT 254.93 561.55 Td (employees ) Tj ET Q
q 0 0 0 rg BT 301.92 561.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 312.18 561.55 Td (participate ) Tj ET Q
q 0 0 0 rg BT 358.58 561.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.83 561.55 Td (15%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 388.08 561.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 390.17 561.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 401.01 561.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 415.93 561.55 Td (future ) Tj ET Q
q 0 0 0 rg BT 443.09 561.55 Td (growth, ) Tj ET Q
q 0 0 0 rg BT 477.55 561.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 486.05 561.55 Td (any) Tj ET Q
q 0 0 0 rg BT 500.53 561.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 505.25 561.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 516.09 561.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.00 561.55 Td (Clarion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 548.95 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 86.81 548.95 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 131.11 548.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 156.75 548.95 Td (\(subject ) Tj ET Q
q 0 0 0 rg BT 192.89 548.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 203.96 548.95 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 254.67 548.95 Td (discounts\) ) Tj ET Q
q 0 0 0 rg BT 300.74 548.95 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 350.30 548.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 361.37 548.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 377.10 548.95 Td (date ) Tj ET Q
q 0 0 0 rg BT 397.49 548.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 409.14 548.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.87 548.95 Td (grant. ) Tj ET Q
q 0 0 0 rg BT 451.76 548.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 470.99 548.95 Td (initial ) Tj ET Q
q 0 0 0 rg BT 498.39 548.95 Td (grant ) Tj ET Q
q 0 0 0 rg BT 522.87 548.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 549.67 548.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 536.35 Td (plan ) Tj ET Q
q 0 0 0 rg BT 70.57 536.35 Td (vested ) Tj ET Q
q 0 0 0 rg BT 100.40 536.35 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 155.88 536.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 174.04 536.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.86 536.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 221.42 536.35 Td (grant-date ) Tj ET Q
q 0 0 0 rg BT 266.98 536.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 284.55 536.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 310.28 536.35 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 329.61 536.35 Td ($15,200) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 363.73 536.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 369.35 536.35 Td (determined ) Tj ET Q
q 0 0 0 rg BT 419.58 536.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 433.08 536.35 Td (independent ) Tj ET Q
q 0 0 0 rg BT 487.39 536.35 Td (valuation. ) Tj ET Q
q 0 0 0 rg BT 532.09 536.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 535.08 536.35 Td (Future ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 523.75 Td (grants ) Tj ET Q
q 0 0 0 rg BT 77.87 523.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 104.48 523.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.01 523.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 140.80 523.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 159.84 523.75 Td (vest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.46 523.75 Td (20%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 198.70 523.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 201.41 523.75 Td (annually ) Tj ET Q
q 0 0 0 rg BT 240.27 523.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 261.63 523.75 Td (five ) Tj ET Q
q 0 0 0 rg BT 280.67 523.75 Td (years, ) Tj ET Q
q 0 0 0 rg BT 308.15 523.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 326.02 523.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 345.06 523.75 Td (result ) Tj ET Q
q 0 0 0 rg BT 371.09 523.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 381.96 523.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.50 523.75 Td (recognition ) Tj ET Q
q 0 0 0 rg BT 448.02 523.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 459.48 523.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 504.17 523.75 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 511.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 85.81 511.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 106.96 511.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.28 511.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 153.33 511.15 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 186.16 511.15 Td (period. ) Tj ET Q
q 0 0 0 rg BT 218.10 511.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 220.59 511.15 Td (Subject ) Tj ET Q
q 0 0 0 rg BT 254.58 511.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 265.24 511.15 Td (various ) Tj ET Q
q 0 0 0 rg BT 298.64 511.15 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 347.51 511.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 389.66 511.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 404.98 511.15 Td (passage ) Tj ET Q
q 0 0 0 rg BT 440.13 511.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 451.37 511.15 Td (time, ) Tj ET Q
q 0 0 0 rg BT 475.15 511.15 Td (vested ) Tj ET Q
q 0 0 0 rg BT 504.46 511.15 Td (plan ) Tj ET Q
q 0 0 0 rg BT 525.03 511.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 547.95 511.15 Td (can ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 498.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 62.58 498.55 Td (put ) Tj ET Q
q 0 0 0 rg BT 79.17 498.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 90.51 498.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 115.25 498.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 147.01 498.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 162.42 498.55 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 208.75 498.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 219.50 498.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 237.24 498.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 265.77 498.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 268.95 498.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 293.69 498.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 325.45 498.55 Td (can ) Tj ET Q
q 0 0 0 rg BT 343.19 498.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 363.27 498.55 Td (call ) Tj ET Q
q 0 0 0 rg BT 381.60 498.55 Td (plan ) Tj ET Q
q 0 0 0 rg BT 402.85 498.55 Td (units, ) Tj ET Q
q 0 0 0 rg BT 429.07 498.55 Td (generally ) Tj ET Q
q 0 0 0 rg BT 471.30 498.55 Td (post ) Tj ET Q
q 0 0 0 rg BT 491.98 498.55 Td (employment, ) Tj ET Q
q 0 0 0 rg BT 550.26 498.55 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 485.95 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 95.40 485.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 105.72 485.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 123.03 485.95 Td (value. ) Tj ET Q
q 0 0 0 rg BT 150.54 485.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 164.95 485.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 176.44 485.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 206.59 485.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 222.45 485.95 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 243.45 485.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 248.82 485.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 264.39 485.95 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 307.38 485.95 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 350.92 485.95 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 401.49 485.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 418.80 485.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 444.28 485.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 455.77 485.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 478.94 485.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 505.59 485.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 521.16 485.95 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 544.61 485.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 556.10 485.95 Td (if ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 473.35 Td (they ) Tj ET Q
q 0 0 0 rg BT 70.20 473.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 93.23 473.35 Td (currently ) Tj ET Q
q 0 0 0 rg BT 133.75 473.35 Td (redeemable, ) Tj ET Q
q 0 0 0 rg BT 187.39 473.35 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 206.34 473.35 Td ($14,300) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 240.47 473.35 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 460.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 448.15 Td (Ef) Tj ET Q
q 0 0 0 rg BT 59.22 448.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 90.83 448.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 121.28 448.15 Td (1, ) Tj ET Q
q 0 0 0 rg BT 132.20 448.15 Td (2016, ) Tj ET Q
q 0 0 0 rg BT 158.87 448.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 183.49 448.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 215.12 448.15 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 272.98 448.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 280.69 448.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 337.38 448.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 366.67 448.15 Td (plan ) Tj ET Q
q 0 0 0 rg BT 387.80 448.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 403.08 448.15 Td (Royce ) Tj ET Q
q 0 0 0 rg BT 432.95 448.15 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 482.66 448.15 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 520.11 448.15 Td (\("Royce"\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 435.55 Td (key ) Tj ET Q
q 0 0 0 rg BT 67.49 435.55 Td (employees. ) Tj ET Q
q 0 0 0 rg BT 117.84 435.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 120.66 435.55 Td (Under ) Tj ET Q
q 0 0 0 rg BT 149.73 435.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.38 435.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 221.85 435.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 250.92 435.55 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 274.45 435.55 Td (minority ) Tj ET Q
q 0 0 0 rg BT 313.44 435.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 342.52 435.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 380.33 435.55 Td (equivalent ) Tj ET Q
q 0 0 0 rg BT 426.89 435.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 437.89 435.55 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.37 435.55 Td (24.5%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 472.49 435.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 475.32 435.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 509.05 435.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 520.04 435.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 535.70 435.55 Td (Royce ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 422.95 Td (entity ) Tj ET Q
q 0 0 0 rg BT 75.20 422.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 96.80 422.95 Td (been ) Tj ET Q
q 0 0 0 rg BT 118.40 422.95 Td (issued ) Tj ET Q
q 0 0 0 rg BT 146.44 422.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 156.39 422.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 186.73 422.95 Td (key ) Tj ET Q
q 0 0 0 rg BT 203.68 422.95 Td (employees, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.99 422.95 Td (5.5%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 274.86 422.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 276.64 422.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 287.17 422.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 314.62 422.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 332.73 422.95 Td (issued ) Tj ET Q
q 0 0 0 rg BT 360.76 422.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 373.04 422.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 402.23 422.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 417.14 422.95 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 439.92 422.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 456.87 422.95 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 491.89 422.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 501.84 422.95 Td (Compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 410.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.39 410.35 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 103.36 410.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 139.91 410.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 151.38 410.35 Td ($2,400) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.26 410.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 185.61 410.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 214.00 410.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 221.39 410.35 Td (corresponding ) Tj ET Q
q 0 0 0 rg BT 284.19 410.35 Td (increase ) Tj ET Q
q 0 0 0 rg BT 321.31 410.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 332.21 410.35 Td (Nonredeemable ) Tj ET Q
q 0 0 0 rg BT 401.40 410.35 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 465.96 410.35 Td (interest. ) Tj ET Q
q 0 0 0 rg BT 502.22 410.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 504.95 410.35 Td (No ) Tj ET Q
q 0 0 0 rg BT 520.51 410.35 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 397.75 Td (grants ) Tj ET Q
q 0 0 0 rg BT 77.58 397.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 92.83 397.75 Td (expected ) Tj ET Q
q 0 0 0 rg BT 132.56 397.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 158.89 397.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.14 397.75 Td (plan. ) Tj ET Q
q 0 0 0 rg BT 197.27 397.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 199.69 397.75 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 230.12 397.75 Td (holders ) Tj ET Q
q 0 0 0 rg BT 263.45 397.75 Td (receive ) Tj ET Q
q 0 0 0 rg BT 296.18 397.75 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 336.51 397.75 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 391.44 397.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.61 397.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 409.69 397.75 Td (portion ) Tj ET Q
q 0 0 0 rg BT 442.45 397.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.62 397.75 Td (Royce's ) Tj ET Q
q 0 0 0 rg BT 488.84 397.75 Td (pre-tax ) Tj ET Q
q 0 0 0 rg BT 521.00 397.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 554.33 397.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 385.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 88.39 385.15 Td (equal ) Tj ET Q
q 0 0 0 rg BT 114.43 385.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 125.90 385.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 142.03 385.15 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 190.80 385.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.85 385.15 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 249.90 385.15 Td (represented ) Tj ET Q
q 0 0 0 rg BT 301.59 385.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 315.39 385.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 331.52 385.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 361.07 385.15 Td (they ) Tj ET Q
q 0 0 0 rg BT 382.45 385.15 Td (hold, ) Tj ET Q
q 0 0 0 rg BT 407.05 385.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 440.10 385.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 451.57 385.15 Td (payment ) Tj ET Q
q 0 0 0 rg BT 491.03 385.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 503.08 385.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 527.95 385.15 Td (Mason's ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 372.55 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 85.19 372.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 109.82 372.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 127.44 372.55 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 174.80 372.55 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 215.17 372.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 232.80 372.55 Td (subordination ) Tj ET Q
q 0 0 0 rg BT 293.01 372.55 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 339.23 372.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 349.87 372.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 380.90 372.55 Td (cases. ) Tj ET Q
q 0 0 0 rg BT 408.14 372.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 410.06 372.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 424.20 372.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.41 372.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 465.28 372.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 480.88 372.55 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 501.88 372.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 506.97 372.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 522.26 372.55 Td (estimated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 359.95 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 92.93 359.95 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 143.38 359.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 160.57 359.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 185.94 359.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.31 359.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 220.35 359.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 246.89 359.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.34 359.95 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 285.67 359.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 297.04 359.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 306.08 359.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 326.78 359.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 349.81 359.95 Td (currently ) Tj ET Q
q 0 0 0 rg BT 390.33 359.95 Td (redeemable, ) Tj ET Q
q 0 0 0 rg BT 443.97 359.95 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.92 359.95 Td ($10,800) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.05 359.95 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 334.75 Td (On ) Tj ET Q
q 0 0 0 rg BT 63.98 334.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 93.03 334.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 107.80 334.75 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 133.07 334.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 156.29 334.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 186.52 334.75 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 242.99 334.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 249.29 334.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 304.58 334.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 332.48 334.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 352.20 334.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 369.01 334.75 Td (granted ) Tj ET Q
q 0 0 0 rg BT 402.14 334.75 Td (units ) Tj ET Q
q 0 0 0 rg BT 424.21 334.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 434.02 334.75 Td (key ) Tj ET Q
q 0 0 0 rg BT 450.83 334.75 Td (employees ) Tj ET Q
q 0 0 0 rg BT 497.38 334.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 507.77 334.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 519.33 334.75 Td (subsidiary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 322.15 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 103.85 322.15 Td (Investments, ) Tj ET Q
q 0 0 0 rg BT 160.26 322.15 Td (LLC ) Tj ET Q
q 0 0 0 rg BT 183.12 322.15 Td (\("ClearBridge"\) ) Tj ET Q
q 0 0 0 rg BT 253.04 322.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 271.82 322.15 Td (entitle ) Tj ET Q
q 0 0 0 rg BT 301.10 322.15 Td (them ) Tj ET Q
q 0 0 0 rg BT 325.13 322.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 336.33 322.15 Td (participate ) Tj ET Q
q 0 0 0 rg BT 383.67 322.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.88 322.15 Td (15%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.12 322.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 417.16 322.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 428.94 322.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 444.80 322.15 Td (future ) Tj ET Q
q 0 0 0 rg BT 472.91 322.15 Td (growth, ) Tj ET Q
q 0 0 0 rg BT 508.32 322.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 517.77 322.15 Td (any) Tj ET Q
q 0 0 0 rg BT 532.25 322.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 537.91 322.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.69 322.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 309.55 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 105.81 309.55 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 152.19 309.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 179.92 309.55 Td (\(subject ) Tj ET Q
q 0 0 0 rg BT 218.14 309.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 231.30 309.55 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 284.10 309.55 Td (discounts\) ) Tj ET Q
q 0 0 0 rg BT 332.25 309.55 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 383.90 309.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 397.06 309.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 414.87 309.55 Td (grant ) Tj ET Q
q 0 0 0 rg BT 441.44 309.55 Td (date. ) Tj ET Q
q 0 0 0 rg BT 466.54 309.55 Td (Independent ) Tj ET Q
q 0 0 0 rg BT 523.42 309.55 Td (valuation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 296.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 98.30 296.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.70 296.95 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 155.07 296.95 Td (cost ) Tj ET Q
q 0 0 0 rg BT 173.56 296.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 183.87 296.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 198.27 296.95 Td (award ) Tj ET Q
q 0 0 0 rg BT 225.49 296.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 235.22 296.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 246.70 296.95 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.92 296.95 Td ($16,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 343.05 296.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 347.24 296.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 374.47 296.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 392.37 296.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 439.99 296.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 450.31 296.95 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 512.54 296.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 529.27 296.95 Td (benefits ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 284.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 87.05 284.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 98.96 284.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 115.52 284.35 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 174.67 284.35 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 224.48 284.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 236.96 284.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 272.18 284.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 302.75 284.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 325.14 284.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.70 284.35 Td (related ) Tj ET Q
q 0 0 0 rg BT 374.00 284.35 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 408.07 284.35 Td (periods ) Tj ET Q
q 0 0 0 rg BT 442.71 284.35 Td (through ) Tj ET Q
q 0 0 0 rg BT 479.11 284.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 510.25 284.35 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 537.61 284.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 541.08 284.35 Td (T) Tj ET Q
q 0 0 0 rg BT 546.76 284.35 Td (otal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 271.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.41 271.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 146.81 271.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 177.96 271.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 188.72 271.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 204.13 271.75 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 258.03 271.75 Td (af) Tj ET Q
q 0 0 0 rg BT 266.00 271.75 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 293.08 271.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 349.31 271.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 378.14 271.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 398.80 271.75 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.72 271.75 Td ($1,694) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 446.60 271.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.56 271.75 Td ($2,932) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.43 271.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 485.65 271.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 503.39 271.75 Td ($3,103) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 532.27 271.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 534.85 271.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.68 271.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 259.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 74.07 259.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 101.56 259.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 131.38 259.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 146.92 259.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 172.96 259.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 199.00 259.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.57 259.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 242.61 259.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 292.66 259.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 297.70 259.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 299.94 259.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 318.68 259.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 379.41 259.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 415.65 259.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 430.31 259.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 445.55 259.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 466.03 259.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 493.52 259.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 523.34 259.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 538.88 259.15 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 246.55 Td (includes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 86.93 246.55 Td ($1,600) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 115.81 246.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 118.25 246.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 149.26 246.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 159.87 246.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 175.14 246.55 Td (modification ) Tj ET Q
q 0 0 0 rg BT 231.23 246.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 242.42 246.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.69 246.55 Td (plan ) Tj ET Q
q 0 0 0 rg BT 278.21 246.55 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 323.81 246.55 Td (features, ) Tj ET Q
q 0 0 0 rg BT 362.11 246.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 390.21 246.55 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 425.89 246.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 436.50 246.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 448.85 246.55 Td (increase ) Tj ET Q
q 0 0 0 rg BT 485.69 246.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 496.30 246.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 511.57 246.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 528.58 246.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 553.76 246.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 233.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.17 233.95 Td (awards. ) Tj ET Q
q 0 0 0 rg BT 100.37 233.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 103.01 233.95 Td (This ) Tj ET Q
q 0 0 0 rg BT 124.51 233.95 Td (arrangement ) Tj ET Q
q 0 0 0 rg BT 179.83 233.95 Td (provides ) Tj ET Q
q 0 0 0 rg BT 218.83 233.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 233.91 233.95 Td (one-half ) Tj ET Q
q 0 0 0 rg BT 271.73 233.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 283.32 233.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.99 233.95 Td (cost ) Tj ET Q
q 0 0 0 rg BT 318.74 233.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 329.75 233.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 342.50 233.95 Td (absorbed ) Tj ET Q
q 0 0 0 rg BT 383.25 233.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 396.59 233.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 412.26 233.95 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 466.41 233.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 507.74 233.95 Td (pool. ) Tj ET Q
q 0 0 0 rg BT 531.87 233.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 534.51 233.95 Td (V) Tj ET Q
q 0 0 0 rg BT 540.92 233.95 Td (ested ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 221.35 Td (plan ) Tj ET Q
q 0 0 0 rg BT 71.49 221.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 95.83 221.35 Td (can ) Tj ET Q
q 0 0 0 rg BT 114.31 221.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 128.14 221.35 Td (put ) Tj ET Q
q 0 0 0 rg BT 145.47 221.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 157.55 221.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 183.04 221.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 215.54 221.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 231.70 221.35 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 278.77 221.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 290.26 221.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 308.75 221.35 Td (value, ) Tj ET Q
q 0 0 0 rg BT 338.03 221.35 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 383.94 221.35 Td (one ) Tj ET Q
q 0 0 0 rg BT 403.01 221.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 424.99 221.35 Td (after ) Tj ET Q
q 0 0 0 rg BT 448.14 221.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 464.88 221.35 Td (holder ) Tj ET Q
q 0 0 0 rg BT 495.62 221.35 Td (terminates ) Tj ET Q
q 0 0 0 rg BT 543.27 221.35 Td (their ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 208.75 Td (employment. ) Tj ET Q
q 0 0 0 rg BT 107.83 208.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 111.04 208.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 135.83 208.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 167.62 208.75 Td (can ) Tj ET Q
q 0 0 0 rg BT 185.41 208.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 205.53 208.75 Td (call ) Tj ET Q
q 0 0 0 rg BT 223.90 208.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 245.19 208.75 Td (units, ) Tj ET Q
q 0 0 0 rg BT 271.45 208.75 Td (generally ) Tj ET Q
q 0 0 0 rg BT 313.72 208.75 Td (post ) Tj ET Q
q 0 0 0 rg BT 334.44 208.75 Td (employment, ) Tj ET Q
q 0 0 0 rg BT 392.77 208.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 408.22 208.75 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 454.59 208.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 465.38 208.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 483.16 208.75 Td (value. ) Tj ET Q
q 0 0 0 rg BT 511.74 208.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 514.95 208.75 Td (Changes ) Tj ET Q
q 0 0 0 rg BT 554.32 208.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 196.15 Td (control ) Tj ET Q
q 0 0 0 rg BT 82.15 196.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.81 196.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 118.30 196.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 149.79 196.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 161.45 196.15 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 215.67 196.15 Td (do ) Tj ET Q
q 0 0 0 rg BT 229.08 196.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 245.41 196.15 Td (impact ) Tj ET Q
q 0 0 0 rg BT 276.90 196.15 Td (vesting, ) Tj ET Q
q 0 0 0 rg BT 312.77 196.15 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 358.83 196.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 370.49 196.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 394.97 196.15 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 441.64 196.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.30 196.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 469.04 196.15 Td (units. ) Tj ET Q
q 0 0 0 rg BT 494.99 196.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 497.90 196.15 Td (However) Tj ET Q
q 0 0 0 rg BT 535.97 196.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 541.50 196.15 Td (upon ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 183.55 Td (sale ) Tj ET Q
q 0 0 0 rg BT 68.60 183.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 80.13 183.55 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 135.99 183.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 149.26 183.55 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 203.35 183.55 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 233.25 183.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 248.86 183.55 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 281.97 183.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 293.49 183.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 309.10 183.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 332.30 183.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 361.32 183.55 Td (accelerate, ) Tj ET Q
q 0 0 0 rg BT 408.68 183.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 426.62 183.55 Td (participants ) Tj ET Q
q 0 0 0 rg BT 478.38 183.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 507.41 183.55 Td (receive ) Tj ET Q
q 0 0 0 rg BT 540.49 183.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 547.93 183.55 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 170.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.61 170.95 Td (payment ) Tj ET Q
q 0 0 0 rg BT 113.13 170.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 123.66 170.95 Td (respect ) Tj ET Q
q 0 0 0 rg BT 155.76 170.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 166.88 170.95 Td (their ) Tj ET Q
q 0 0 0 rg BT 188.49 170.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 225.85 170.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 252.12 170.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.32 170.95 Td (plan. ) Tj ET Q
q 0 0 0 rg BT 290.39 170.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 292.75 170.95 Td (Future ) Tj ET Q
q 0 0 0 rg BT 322.54 170.95 Td (grants ) Tj ET Q
q 0 0 0 rg BT 350.56 170.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.68 170.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 406.04 170.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 426.48 170.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 449.27 170.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 467.97 170.95 Td (dilute ) Tj ET Q
q 0 0 0 rg BT 494.25 170.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.45 170.95 Td (participation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 158.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.88 158.35 Td (existing ) Tj ET Q
q 0 0 0 rg BT 96.77 158.35 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 148.41 158.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 171.46 158.35 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 182.27 158.35 Td (15%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.51 158.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 204.15 158.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 215.53 158.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.00 158.35 Td (future ) Tj ET Q
q 0 0 0 rg BT 258.71 158.35 Td (growth ) Tj ET Q
q 0 0 0 rg BT 291.09 158.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.47 158.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 317.94 158.35 Td (respective ) Tj ET Q
q 0 0 0 rg BT 363.14 158.35 Td (af) Tj ET Q
q 0 0 0 rg BT 371.10 158.35 Td (filiates' ) Tj ET Q
q 0 0 0 rg BT 404.21 158.35 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 448.24 158.35 Td (value, ) Tj ET Q
q 0 0 0 rg BT 476.24 158.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 485.29 158.35 Td (any) Tj ET Q
q 0 0 0 rg BT 499.77 158.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 505.03 158.35 Td (subsequent ) Tj ET Q
q 0 0 0 rg BT 554.33 158.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 145.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.85 145.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 95.94 145.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 123.54 145.75 Td (grant ) Tj ET Q
q 0 0 0 rg BT 147.64 145.75 Td (date, ) Tj ET Q
q 0 0 0 rg BT 170.28 145.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 185.04 145.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 213.23 145.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 257.75 145.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 318.59 145.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 354.94 145.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 383.71 145.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 396.15 145.75 Td (incurred. ) Tj ET Q
q 0 0 0 rg BT 436.28 145.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 438.80 145.75 Td (Further) Tj ET Q
q 0 0 0 rg BT 469.29 145.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 474.44 145.75 Td (future ) Tj ET Q
q 0 0 0 rg BT 502.04 145.75 Td (grants ) Tj ET Q
q 0 0 0 rg BT 530.23 145.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 549.09 145.75 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 133.15 Td (entitle ) Tj ET Q
q 0 0 0 rg BT 78.23 133.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.55 133.15 Td (plan ) Tj ET Q
q 0 0 0 rg BT 114.12 133.15 Td (participants, ) Tj ET Q
q 0 0 0 rg BT 168.22 133.15 Td (collectively) Tj ET Q
q 0 0 0 rg BT 216.52 133.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 221.64 133.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 232.30 133.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 256.36 133.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 276.93 133.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 289.34 133.15 Td (aggregate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 332.64 133.15 Td (15%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.88 133.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 354.37 133.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.61 133.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.93 133.15 Td (future ) Tj ET Q
q 0 0 0 rg BT 408.49 133.15 Td (growth ) Tj ET Q
q 0 0 0 rg BT 440.73 133.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 451.97 133.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 467.29 133.15 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 521.10 133.15 Td (enterprise ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 120.55 Td (value. ) Tj ET Q
q 0 0 0 rg BT 78.78 120.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 82.70 120.55 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 109.96 120.55 Td (vesting, ) Tj ET Q
q 0 0 0 rg BT 146.83 120.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.58 120.55 Td (grant-date ) Tj ET Q
q 0 0 0 rg BT 210.06 120.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 228.55 120.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 255.21 120.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.87 120.55 Td (vested ) Tj ET Q
q 0 0 0 rg BT 298.62 120.55 Td (plan ) Tj ET Q
q 0 0 0 rg BT 320.62 120.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 344.96 120.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 355.88 120.55 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 396.52 120.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 408.61 120.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 425.35 120.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 484.69 120.55 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 522.42 120.55 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 553.75 120.55 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 107.95 Td (Redeemable ) Tj ET Q
q 0 0 0 rg BT 107.33 107.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 175.09 107.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 216.02 107.95 Td (through ) Tj ET Q
q 0 0 0 rg BT 254.63 107.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 270.47 107.95 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 322.49 107.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 336.59 107.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 384.52 107.95 Td (paid-in ) Tj ET Q
q 0 0 0 rg BT 420.20 107.95 Td (capital. ) Tj ET Q
q 0 0 0 rg BT 456.75 107.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 462.26 107.95 Td (Thereafter) Tj ET Q
q 0 0 0 rg BT 505.55 107.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 514.11 107.95 Td (redeemable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 95.35 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 113.39 95.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 150.45 95.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 168.85 95.35 Td (continue ) Tj ET Q
q 0 0 0 rg BT 207.07 95.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 217.30 95.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 229.28 95.35 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 266.34 95.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 276.57 95.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 291.46 95.35 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 327.94 95.35 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 372.58 95.35 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 414.89 95.35 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 464.77 95.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 489.57 95.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 510.30 95.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.19 95.35 Td (expected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 82.75 Td (term, ) Tj ET Q
q 0 0 0 rg BT 73.46 82.75 Td (through ) Tj ET Q
q 0 0 0 rg BT 108.21 82.75 Td (retained ) Tj ET Q
q 0 0 0 rg BT 144.11 82.75 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 181.77 82.75 Td (adjustments. ) Tj ET Q
q 0 0 0 rg BT 236.65 82.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 238.28 82.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 252.04 82.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 262.88 82.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 292.37 82.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 307.58 82.75 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.58 82.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 333.30 82.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 348.22 82.75 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 390.54 82.75 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 433.44 82.75 Td (redemption ) Tj ET Q
q 0 0 0 rg BT 483.35 82.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 500.01 82.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 524.84 82.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 535.67 82.75 Td (vested ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 70.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 72.55 70.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 99.08 70.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.53 70.15 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 168.47 70.15 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 191.80 70.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 203.17 70.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 212.21 70.15 Td (they ) Tj ET Q
q 0 0 0 rg BT 232.92 70.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 255.94 70.15 Td (currently ) Tj ET Q
q 0 0 0 rg BT 296.47 70.15 Td (redeemable, ) Tj ET Q
q 0 0 0 rg BT 350.10 70.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 369.06 70.15 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.33 70.15 Td ($59,595) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.45 70.15 Td (.) Tj ET Q
endstream
endobj
263 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 264 0 R>>
endobj
264 0 obj
<</Length 47071>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (129) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.56 729.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 104.63 729.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 121.12 729.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 128.27 729.30 Td (qualified ) Tj ET Q
q 0 0 0 rg BT 168.08 729.30 Td (ESPP) Tj ET Q
q 0 0 0 rg BT 191.62 729.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 194.11 729.30 Td (covering ) Tj ET Q
q 0 0 0 rg BT 233.33 729.30 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 288.90 729.30 Td (all ) Tj ET Q
q 0 0 0 rg BT 301.88 729.30 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 323.04 729.30 Td (employees. ) Tj ET Q
q 0 0 0 rg BT 373.06 729.30 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 403.54 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 414.78 729.30 Td (common ) Tj ET Q
q 0 0 0 rg BT 454.01 729.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 478.66 729.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 493.97 729.30 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 539.02 729.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.68 729.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (open ) Tj ET Q
q 0 0 0 rg BT 72.69 716.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 104.62 716.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 117.89 716.70 Td (behalf ) Tj ET Q
q 0 0 0 rg BT 146.90 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 158.43 716.70 Td (participating ) Tj ET Q
q 0 0 0 rg BT 214.27 716.70 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 264.57 716.70 Td (subject ) Tj ET Q
q 0 0 0 rg BT 297.09 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 308.04 716.70 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 315.47 716.70 Td (4,500) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 339.10 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 341.88 716.70 Td (total ) Tj ET Q
q 0 0 0 rg BT 363.31 716.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 388.25 716.70 Td (limit ) Tj ET Q
q 0 0 0 rg BT 410.86 716.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 437.54 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 453.15 716.70 Td (plan. ) Tj ET Q
q 0 0 0 rg BT 476.63 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 479.40 716.70 Td (Purchases ) Tj ET Q
q 0 0 0 rg BT 524.17 716.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 539.77 716.70 Td (made ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (through ) Tj ET Q
q 0 0 0 rg BT 87.03 704.10 Td (payroll ) Tj ET Q
q 0 0 0 rg BT 121.64 704.10 Td (deductions ) Tj ET Q
q 0 0 0 rg BT 171.99 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 192.02 704.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 218.46 704.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 251.91 704.10 Td (provides ) Tj ET Q
q 0 0 0 rg BT 292.94 704.10 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.46 704.10 Td (15%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.71 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 326.57 704.10 Td (contribution ) Tj ET Q
q 0 0 0 rg BT 382.77 704.10 Td (towards ) Tj ET Q
q 0 0 0 rg BT 420.88 704.10 Td (purchases, ) Tj ET Q
q 0 0 0 rg BT 469.77 704.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 500.29 704.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 512.16 704.10 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 553.75 704.10 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 112.06 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 129.12 691.50 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 164.26 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 174.33 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.06 691.50 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 246.37 691.50 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 294.35 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 304.99 691.50 Td (Income ) Tj ET Q
q 0 0 0 rg BT 338.38 691.50 Td (\(Loss\). ) Tj ET Q
q 0 0 0 rg BT 369.73 691.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 371.63 691.50 Td (During ) Tj ET Q
q 0 0 0 rg BT 403.28 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.01 691.50 Td (years ) Tj ET Q
q 0 0 0 rg BT 442.06 691.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 469.03 691.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 498.33 691.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 513.36 691.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 538.88 691.50 Td (2019, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.33 678.90 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 95.63 678.90 Td (approximately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 159.95 678.90 Td (104) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 175.70 678.90 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 182.00 678.90 Td (141) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.75 678.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 204.05 678.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 222.88 678.90 Td (128) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 238.63 678.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 242.31 678.90 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 274.85 678.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 324.89 678.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 331.19 678.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 354.69 678.90 Td (been ) Tj ET Q
q 0 0 0 rg BT 378.18 678.90 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 424.42 678.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 436.26 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 452.76 678.90 Td (open ) Tj ET Q
q 0 0 0 rg BT 476.85 678.90 Td (market ) Tj ET Q
q 0 0 0 rg BT 509.67 678.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 523.85 678.90 Td (behalf ) Tj ET Q
q 0 0 0 rg BT 553.75 678.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (participating ) Tj ET Q
q 0 0 0 rg BT 105.49 666.30 Td (employees. ) Tj ET Q
q 0 0 0 rg BT 155.95 666.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 158.88 666.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 170.56 666.30 Td (connection ) Tj ET Q
q 0 0 0 rg BT 219.55 666.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 241.15 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.90 666.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 274.21 666.30 Td (ger) Tj ET Q
q 0 0 0 rg BT 287.20 666.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 292.75 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 308.51 666.30 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 348.75 666.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.43 666.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 389.59 666.30 Td (under ) Tj ET Q
q 0 0 0 rg BT 416.43 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 432.19 666.30 Td (ESPP) Tj ET Q
q 0 0 0 rg BT 455.73 666.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 458.66 666.30 Td (ceased ) Tj ET Q
q 0 0 0 rg BT 489.57 666.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 500.66 666.30 Td (February ) Tj ET Q
q 0 0 0 rg BT 541.50 666.30 Td (2020 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 82.74 653.70 Td (ESPP) Tj ET Q
q 0 0 0 rg BT 106.28 653.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 108.91 653.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 127.87 653.70 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 170.14 653.70 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 225.25 653.70 Td (prior ) Tj ET Q
q 0 0 0 rg BT 248.29 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 259.08 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.53 653.70 Td (closing ) Tj ET Q
q 0 0 0 rg BT 307.49 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 318.86 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 334.32 653.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 351.62 653.70 Td (ger) Tj ET Q
q 0 0 0 rg BT 364.45 653.70 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.03 628.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 103.57 628.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 122.44 628.50 Td (has ) Tj ET Q
q 0 0 0 rg BT 138.40 628.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 150.27 628.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 178.47 628.50 Td (plan ) Tj ET Q
q 0 0 0 rg BT 198.50 628.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 212.70 628.50 Td (non-employee ) Tj ET Q
q 0 0 0 rg BT 274.72 628.50 Td (directors. ) Tj ET Q
q 0 0 0 rg BT 316.04 628.50 Td (Under ) Tj ET Q
q 0 0 0 rg BT 344.24 628.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 359.02 628.50 Td (current ) Tj ET Q
q 0 0 0 rg BT 390.71 628.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 418.92 628.50 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 441.58 628.50 Td (directors ) Tj ET Q
q 0 0 0 rg BT 480.27 628.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 500.30 628.50 Td (elect ) Tj ET Q
q 0 0 0 rg BT 522.08 628.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 532.20 628.50 Td (receive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 78.33 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 89.66 615.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 114.41 615.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 125.74 615.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 167.39 615.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 192.15 615.90 Td (units. ) Tj ET Q
q 0 0 0 rg BT 217.78 615.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 220.36 615.90 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 250.95 615.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 268.69 615.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 310.34 615.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 335.09 615.90 Td (units ) Tj ET Q
q 0 0 0 rg BT 358.10 615.90 Td (issuable ) Tj ET Q
q 0 0 0 rg BT 394.52 615.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 421.01 615.90 Td (this ) Tj ET Q
q 0 0 0 rg BT 438.77 615.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 467.60 615.90 Td (plan ) Tj ET Q
q 0 0 0 rg BT 488.27 615.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 503.67 615.90 Td (limited ) Tj ET Q
q 0 0 0 rg BT 536.00 615.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 546.76 615.90 Td (625) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.62 603.30 Td (aggregate, ) Tj ET Q
q 0 0 0 rg BT 105.01 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 115.71 603.30 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 143.33 603.30 Td (523) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 159.08 603.30 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 163.65 603.30 Td (494) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.40 603.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 181.36 603.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 198.47 603.30 Td (460) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 214.22 603.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 216.18 603.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 244.37 603.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 266.73 603.30 Td (issued ) Tj ET Q
q 0 0 0 rg BT 294.94 603.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 305.64 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 316.34 603.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 345.70 603.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 360.78 603.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 386.36 603.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 411.94 603.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 429.05 603.30 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 454.63 603.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 504.68 603.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 509.26 603.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 510.78 603.30 Td (As ) Tj ET Q
q 0 0 0 rg BT 524.40 603.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 535.11 603.30 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 64.95 590.70 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.95 590.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 88.28 590.70 Td (,2019, ) Tj ET Q
q 0 0 0 rg BT 116.85 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.34 590.70 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 160.29 590.70 Td (non-employee ) Tj ET Q
q 0 0 0 rg BT 222.68 590.70 Td (directors ) Tj ET Q
q 0 0 0 rg BT 261.74 590.70 Td (held ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 282.15 590.70 Td (34) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 292.65 590.70 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 297.60 590.70 Td (99) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.10 590.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 313.05 590.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 330.54 590.70 Td (80) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.04 590.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 343.36 590.70 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 384.75 590.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 409.24 590.70 Td (units, ) Tj ET Q
q 0 0 0 rg BT 434.62 590.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 484.66 590.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 489.61 590.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 517.60 590.70 Td (vest ) Tj ET Q
q 0 0 0 rg BT 536.84 590.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 549.67 590.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (grant ) Tj ET Q
q 0 0 0 rg BT 73.19 578.10 Td (date ) Tj ET Q
q 0 0 0 rg BT 92.80 578.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 110.08 578.10 Td (are, ) Tj ET Q
q 0 0 0 rg BT 127.64 578.10 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 170.27 578.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 185.80 578.10 Td (included ) Tj ET Q
q 0 0 0 rg BT 224.08 578.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 234.36 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 249.31 578.10 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 288.75 578.10 Td (shares ) Tj ET Q
q 0 0 0 rg BT 317.11 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.98 578.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 369.16 578.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 393.44 578.10 Td (units ) Tj ET Q
q 0 0 0 rg BT 415.98 578.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 426.26 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.21 578.10 Td (table ) Tj ET Q
q 0 0 0 rg BT 463.73 578.10 Td (above. ) Tj ET Q
q 0 0 0 rg BT 493.55 578.10 Td (During ) Tj ET Q
q 0 0 0 rg BT 525.41 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 540.36 578.10 Td (years ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 76.04 565.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 104.92 565.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 119.51 565.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 144.61 565.50 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 169.70 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 186.33 565.50 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 211.43 565.50 Td (non-employee ) Tj ET Q
q 0 0 0 rg BT 272.96 565.50 Td (directors ) Tj ET Q
q 0 0 0 rg BT 311.17 565.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 333.04 565.50 Td (granted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 365.99 565.50 Td (7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.24 565.50 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 375.34 565.50 Td (15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.84 565.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 389.93 565.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.57 565.50 Td (12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.07 565.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 421.16 565.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 461.69 565.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 485.33 565.50 Td (units, ) Tj ET Q
q 0 0 0 rg BT 509.85 565.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.89 565.50 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.29 552.90 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 77.79 552.90 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.04 552.90 Td (15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 93.54 552.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 98.79 552.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 116.57 552.90 Td (19) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 127.07 552.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 132.32 552.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 161.19 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 172.56 552.90 Td (common ) Tj ET Q
q 0 0 0 rg BT 211.93 552.90 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 239.34 552.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 289.39 552.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.37 527.70 Td (May ) Tj ET Q
q 0 0 0 rg BT 81.74 527.70 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 107.49 527.70 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 133.24 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 150.53 527.70 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 176.28 527.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 199.98 527.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 230.69 527.70 Td (granted ) Tj ET Q
q 0 0 0 rg BT 264.30 527.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 294.99 527.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 337.34 527.70 Td (of) Tj ET Q
q 0 0 0 rg BT 345.90 527.70 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 371.34 527.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 378.13 527.70 Td (total ) Tj ET Q
q 0 0 0 rg BT 398.91 527.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 409.78 527.70 Td (168) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.53 527.70 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.28 527.70 Td (163) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.03 527.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 450.78 527.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.07 527.70 Td (1) Tj ET Q
q 0 0 0 rg BT 472.93 527.70 Td (1) Tj ET Q
q 0 0 0 rg BT 477.79 527.70 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.04 527.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 485.17 527.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 540.34 527.70 Td (share ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (units, ) Tj ET Q
q 0 0 0 rg BT 75.44 515.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 125.49 515.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 131.00 515.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 142.64 515.10 Td (part ) Tj ET Q
q 0 0 0 rg BT 161.86 515.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 173.50 515.10 Td (their ) Tj ET Q
q 0 0 0 rg BT 195.64 515.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 221.27 515.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 247.79 515.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 274.31 515.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.36 515.10 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 316.25 515.10 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 357.63 515.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 390.26 515.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 411.82 515.10 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 455.52 515.10 Td (values ) Tj ET Q
q 0 0 0 rg BT 485.24 515.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 496.88 515.10 Td ($6,334) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 525.75 515.10 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 531.01 515.10 Td ($5,820) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.88 515.10 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td ($3,503) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.38 502.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 84.52 502.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 134.57 502.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 140.72 502.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 143.99 502.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 163.84 502.50 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 197.69 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.96 502.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 266.53 502.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 292.21 502.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 316.16 502.50 Td (granted ) Tj ET Q
q 0 0 0 rg BT 351.17 502.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 362.86 502.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 385.63 502.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 410.15 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 428.83 502.50 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 453.36 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 472.04 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 488.39 502.50 Td (number ) Tj ET Q
q 0 0 0 rg BT 523.99 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 536.26 502.50 Td (shares ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (payable ) Tj ET Q
q 0 0 0 rg BT 84.69 489.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 94.81 489.90 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 127.68 489.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 143.04 489.90 Td (determined ) Tj ET Q
q 0 0 0 rg BT 192.82 489.90 Td (based ) Tj ET Q
q 0 0 0 rg BT 219.27 489.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 232.31 489.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 256.42 489.90 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 287.92 489.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 294.55 489.90 Td (relative ) Tj ET Q
q 0 0 0 rg BT 328.57 489.90 Td (total ) Tj ET Q
q 0 0 0 rg BT 349.78 489.90 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 401.31 489.90 Td (return ) Tj ET Q
q 0 0 0 rg BT 428.92 489.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 446.62 489.90 Td (relative ) Tj ET Q
q 0 0 0 rg BT 480.65 489.90 Td (or) Tj ET Q
q 0 0 0 rg BT 489.20 489.90 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 514.48 489.90 Td (growth ) Tj ET Q
q 0 0 0 rg BT 546.77 489.90 Td (rate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.52 477.30 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 105.48 477.30 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 133.26 477.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 155.19 477.30 Td (three-year ) Tj ET Q
q 0 0 0 rg BT 201.01 477.30 Td (periods ) Tj ET Q
q 0 0 0 rg BT 235.20 477.30 Td (ending ) Tj ET Q
q 0 0 0 rg BT 267.05 477.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 297.73 477.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 314.13 477.30 Td (2022 ) Tj ET Q
q 0 0 0 rg BT 338.41 477.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 356.84 477.30 Td (2021, ) Tj ET Q
q 0 0 0 rg BT 383.74 477.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 433.79 477.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 439.69 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 442.73 477.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 462.33 477.30 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 502.33 477.30 Td (grant ) Tj ET Q
q 0 0 0 rg BT 527.18 477.30 Td (date ) Tj ET Q
q 0 0 0 rg BT 547.94 477.30 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td (values ) Tj ET Q
q 0 0 0 rg BT 79.24 464.70 Td (per ) Tj ET Q
q 0 0 0 rg BT 95.56 464.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 151.52 464.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 176.58 464.70 Td (unit ) Tj ET Q
q 0 0 0 rg BT 195.83 464.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.49 464.70 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 212.74 464.70 Td (37.63) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 236.37 464.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 239.28 464.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 257.35 464.70 Td ($35.67) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 286.23 464.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 291.76 464.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 341.81 464.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 347.35 464.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 370.66 464.70 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 413.81 464.70 Td (based ) Tj ET Q
q 0 0 0 rg BT 440.63 464.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 454.04 464.70 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 491.95 464.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 509.44 464.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 535.09 464.70 Td (Monte ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (Carlo ) Tj ET Q
q 0 0 0 rg BT 75.18 452.10 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 107.27 452.10 Td (models. ) Tj ET Q
q 0 0 0 rg BT 142.58 452.10 Td (Expense ) Tj ET Q
q 0 0 0 rg BT 180.50 452.10 Td (associated ) Tj ET Q
q 0 0 0 rg BT 226.00 452.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 247.02 452.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 270.95 452.10 Td (grants ) Tj ET Q
q 0 0 0 rg BT 298.96 452.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 314.13 452.10 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 351.47 452.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 366.06 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 381.24 452.10 Td (level ) Tj ET Q
q 0 0 0 rg BT 404.00 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 415.10 452.10 Td (relative ) Tj ET Q
q 0 0 0 rg BT 448.93 452.10 Td (or) Tj ET Q
q 0 0 0 rg BT 457.49 452.10 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 482.57 452.10 Td (growth ) Tj ET Q
q 0 0 0 rg BT 514.67 452.10 Td (expected ) Tj ET Q
q 0 0 0 rg BT 554.33 452.10 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 61.39 439.50 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 105.95 439.50 Td (achieved. ) Tj ET Q
q 0 0 0 rg BT 147.72 439.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 166.03 439.50 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 208.24 439.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 224.80 439.50 Td (values ) Tj ET Q
q 0 0 0 rg BT 253.60 439.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 267.83 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 282.63 439.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 303.86 439.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 326.84 439.50 Td (grant ) Tj ET Q
q 0 0 0 rg BT 350.40 439.50 Td (range ) Tj ET Q
q 0 0 0 rg BT 375.70 439.50 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 398.09 439.50 Td ($21.63) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.96 439.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 428.94 439.50 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.09 439.50 Td ($45.63) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.96 439.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 469.95 439.50 Td (per ) Tj ET Q
q 0 0 0 rg BT 485.33 439.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 540.36 439.50 Td (share ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (unit ) Tj ET Q
q 0 0 0 rg BT 68.52 426.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 86.36 426.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 101.28 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 116.79 426.90 Td (May ) Tj ET Q
q 0 0 0 rg BT 138.72 426.90 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 162.40 426.90 Td (grant ) Tj ET Q
q 0 0 0 rg BT 186.66 426.90 Td (range ) Tj ET Q
q 0 0 0 rg BT 212.66 426.90 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 235.75 426.90 Td ($18.08) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 264.63 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 267.31 426.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 278.16 426.90 Td ($44.46) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.03 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 309.71 426.90 Td (per ) Tj ET Q
q 0 0 0 rg BT 325.80 426.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 381.53 426.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 406.37 426.90 Td (unit. ) Tj ET Q
q 0 0 0 rg BT 428.01 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 430.50 426.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 449.51 426.90 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 482.52 426.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.95 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.46 426.90 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (share ) Tj ET Q
q 0 0 0 rg BT 74.23 414.30 Td (units ) Tj ET Q
q 0 0 0 rg BT 97.23 414.30 Td (granted ) Tj ET Q
q 0 0 0 rg BT 131.29 414.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 142.03 414.30 Td (May ) Tj ET Q
q 0 0 0 rg BT 163.85 414.30 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 187.43 414.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 206.33 414.30 Td (determined ) Tj ET Q
q 0 0 0 rg BT 256.14 414.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 282.62 414.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 295.70 414.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 319.85 414.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 356.98 414.30 Td (relative ) Tj ET Q
q 0 0 0 rg BT 391.04 414.30 Td (total ) Tj ET Q
q 0 0 0 rg BT 412.28 414.30 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 463.84 414.30 Td (return ) Tj ET Q
q 0 0 0 rg BT 491.49 414.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 512.72 414.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 519.96 414.30 Td (three-year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (period ) Tj ET Q
q 0 0 0 rg BT 79.01 401.70 Td (ending ) Tj ET Q
q 0 0 0 rg BT 110.27 401.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 140.35 401.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 156.16 401.70 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 182.27 401.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 201.28 401.70 Td (grant ) Tj ET Q
q 0 0 0 rg BT 225.53 401.70 Td (date ) Tj ET Q
q 0 0 0 rg BT 245.70 401.70 Td (fair ) Tj ET Q
q 0 0 0 rg BT 262.96 401.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 288.38 401.70 Td (per ) Tj ET Q
q 0 0 0 rg BT 304.47 401.70 Td (unit ) Tj ET Q
q 0 0 0 rg BT 323.48 401.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 338.41 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.92 401.70 Td (May ) Tj ET Q
q 0 0 0 rg BT 375.85 401.70 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 399.53 401.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 455.26 401.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 480.10 401.70 Td (units ) Tj ET Q
q 0 0 0 rg BT 503.20 401.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 514.63 401.70 Td ($31.42) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.50 401.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 546.18 401.70 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 92.05 389.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 103.12 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 114.18 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.32 389.10 Td (grant ) Tj ET Q
q 0 0 0 rg BT 153.21 389.10 Td (date ) Tj ET Q
q 0 0 0 rg BT 173.02 389.10 Td (using ) Tj ET Q
q 0 0 0 rg BT 198.09 389.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 205.07 389.10 Td (Monte ) Tj ET Q
q 0 0 0 rg BT 234.80 389.10 Td (Carlo ) Tj ET Q
q 0 0 0 rg BT 260.44 389.10 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 292.50 389.10 Td (model. ) Tj ET Q
q 0 0 0 rg BT 323.52 389.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 342.16 389.10 Td (following ) Tj ET Q
q 0 0 0 rg BT 385.31 389.10 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 439.54 389.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 462.26 389.10 Td (used ) Tj ET Q
q 0 0 0 rg BT 483.82 389.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 494.31 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.45 389.10 Td (Monte ) Tj ET Q
q 0 0 0 rg BT 539.18 389.10 Td (Carlo ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 81.87 376.50 Td (models ) Tj ET Q
q 0 0 0 rg BT 114.82 376.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 129.69 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.15 376.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 167.02 376.50 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 193.27 376.50 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 219.52 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 237.30 376.50 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 260.93 376.50 Td (grants:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 351 m
362 351 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366 351 m
431 351 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
435 351 m
496 351 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
496 351 m
500 351 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500 351 m
562 351 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 375.95 355.79 Td (May 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.55 355.77 Td (May 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.05 355.77 Td (May 2017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 340.77 Td (Expected dividend yield) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.60 340.79 Td (4.41) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 340.79 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.35 340.77 Td (3.49) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.75 340.77 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 340.77 Td (2.96) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.75 340.77 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 325.77 Td (Risk-free interest rate) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 401.60 325.79 Td (2.1) Tj ET Q
q 0 0 0 rg BT 414.73 325.79 Td (1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 325.79 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.35 325.77 Td (2.71) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.75 325.77 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.35 325.77 Td (1.47) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.75 325.77 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.50 310.77 Td (Expected \(average in 2019 and 2018\) volatility) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 396.35 310.79 Td (23.96) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 310.79 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.10 310.77 Td (26.14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.75 310.77 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.10 310.77 Td (27.73) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.75 310.77 Td (%) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 281.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.36 281.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 123.94 281.30 Td (period ) Tj ET Q
q 0 0 0 rg BT 153.30 281.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 168.08 281.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.44 281.30 Td (May ) Tj ET Q
q 0 0 0 rg BT 205.22 281.30 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 228.76 281.30 Td (grant ) Tj ET Q
q 0 0 0 rg BT 252.87 281.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 280.47 281.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 293.51 281.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 323.44 281.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 339.10 281.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 362.64 281.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 380.33 281.30 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 416.11 281.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 426.81 281.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 442.17 281.30 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 480.28 281.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 491.56 281.30 Td (1) Tj ET Q
q 0 0 0 rg BT 496.42 281.30 Td (17) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.92 281.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 509.45 281.30 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 268.70 Td (shares. ) Tj ET Q
q 0 0 0 rg BT 81.46 268.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 84.56 268.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 109.23 268.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 140.91 268.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 160.92 268.70 Td (granted ) Tj ET Q
q 0 0 0 rg BT 195.50 268.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 227.16 268.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 270.49 268.70 Td (of) Tj ET Q
q 0 0 0 rg BT 279.05 268.70 Td (ficers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.46 268.70 Td (182) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.21 268.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 324.31 268.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 380.45 268.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 405.70 268.70 Td (units ) Tj ET Q
q 0 0 0 rg BT 429.22 268.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 440.49 268.70 Td (May ) Tj ET Q
q 0 0 0 rg BT 462.83 268.70 Td (2016 ) Tj ET Q
q 0 0 0 rg BT 486.93 268.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 508.69 268.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 521.70 268.70 Td (aggregate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 256.10 Td (award ) Tj ET Q
q 0 0 0 rg BT 77.92 256.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 103.42 256.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 114.93 256.10 Td ($3,528) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 143.81 256.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 149.00 256.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 168.08 256.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 223.90 256.10 Td (period ) Tj ET Q
q 0 0 0 rg BT 253.49 256.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 268.50 256.10 Td (this ) Tj ET Q
q 0 0 0 rg BT 286.43 256.10 Td (grant ) Tj ET Q
q 0 0 0 rg BT 310.77 256.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 338.61 256.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 351.87 256.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 382.04 256.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 397.93 256.10 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 421.70 256.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 439.62 256.10 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 475.62 256.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 486.56 256.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.15 256.10 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 540.49 256.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 552.00 256.10 Td (46) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 562.50 256.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 243.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.17 243.50 Td (shares.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 218.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.36 218.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 86.66 218.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 102.82 218.30 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 153.00 218.30 Td (provides ) Tj ET Q
q 0 0 0 rg BT 192.70 218.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 208.48 218.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 224.84 218.30 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 271.53 218.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 283.81 218.30 Td (all ) Tj ET Q
q 0 0 0 rg BT 297.84 218.30 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 350.37 218.30 Td (share-based ) Tj ET Q
q 0 0 0 rg BT 403.46 218.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 433.24 218.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 466.51 218.30 Td (\(vested ) Tj ET Q
q 0 0 0 rg BT 500.37 218.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 519.06 218.30 Td (unvested\), ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 205.70 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 96.45 205.70 Td (upon ) Tj ET Q
q 0 0 0 rg BT 120.07 205.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 135.53 205.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 152.83 205.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 168.86 205.70 Td (closing.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 180.50 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 88.74 180.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 149.00 180.50 Td (payable ) Tj ET Q
q 0 0 0 rg BT 183.58 180.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 193.68 180.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 221.86 180.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 232.54 180.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 256.05 180.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 286.57 180.50 Td (common ) Tj ET Q
q 0 0 0 rg BT 325.25 180.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 349.35 180.50 Td (has ) Tj ET Q
q 0 0 0 rg BT 365.29 180.50 Td (been ) Tj ET Q
q 0 0 0 rg BT 387.04 180.50 Td (granted ) Tj ET Q
q 0 0 0 rg BT 420.46 180.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 430.57 180.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 461.07 180.50 Td (employees ) Tj ET Q
q 0 0 0 rg BT 507.90 180.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 518.01 180.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 529.85 180.50 Td (elective ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 167.90 Td (plan. ) Tj ET Q
q 0 0 0 rg BT 72.48 167.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 74.59 167.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 93.19 167.90 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 125.80 167.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 136.25 167.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 151.35 167.90 Td (plan ) Tj ET Q
q 0 0 0 rg BT 171.70 167.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 180.98 167.90 Td (immediate ) Tj ET Q
q 0 0 0 rg BT 227.58 167.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 245.02 167.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 260.12 167.90 Td (plan ) Tj ET Q
q 0 0 0 rg BT 280.48 167.90 Td (provides ) Tj ET Q
q 0 0 0 rg BT 318.91 167.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 333.43 167.90 Td (discounts ) Tj ET Q
q 0 0 0 rg BT 375.38 167.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.40 167.90 Td (up ) Tj ET Q
q 0 0 0 rg BT 399.18 167.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 409.62 167.90 Td (10%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 428.87 167.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 431.14 167.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 443.92 167.90 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 501.61 167.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 519.05 167.90 Td (dividends. ) Tj ET Q
q 0 0 0 rg BT 565.13 167.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 155.30 Td (Since ) Tj ET Q
q 0 0 0 rg BT 75.63 155.30 Td (January ) Tj ET Q
q 0 0 0 rg BT 111.08 155.30 Td (1, ) Tj ET Q
q 0 0 0 rg BT 121.76 155.30 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 148.18 155.30 Td (there ) Tj ET Q
q 0 0 0 rg BT 171.96 155.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 187.58 155.30 Td (no ) Tj ET Q
q 0 0 0 rg BT 200.88 155.30 Td (additional ) Tj ET Q
q 0 0 0 rg BT 245.67 155.30 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 303.88 155.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 314.85 155.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.48 155.30 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 353.98 155.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 375.45 155.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.08 155.30 Td (remaining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.45 155.30 Td (201) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.20 155.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 455.00 155.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 484.04 155.30 Td (reserved ) Tj ET Q
q 0 0 0 rg BT 522.40 155.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 537.44 155.30 Td (future ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 142.70 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 88.96 142.70 Td (distributions. ) Tj ET Q
q 0 0 0 rg BT 146.80 142.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 149.52 142.70 Td (During ) Tj ET Q
q 0 0 0 rg BT 181.98 142.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 207.43 142.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 233.77 142.70 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 260.11 142.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 277.98 142.70 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 304.32 142.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 328.61 142.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 359.90 142.70 Td (issued ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 388.87 142.70 Td (19) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.37 142.70 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.71 142.70 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.21 142.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 420.55 142.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 438.42 142.70 Td (14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.92 142.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 451.63 142.70 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 483.21 142.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 533.26 142.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 538.60 142.70 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 130.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.56 130.10 Td (plan ) Tj ET Q
q 0 0 0 rg BT 86.87 130.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 108.77 130.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 116.66 130.10 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 194.52 130.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 212.32 130.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 238.29 130.10 Td (per ) Tj ET Q
q 0 0 0 rg BT 254.93 130.10 Td (share ) Tj ET Q
q 0 0 0 rg BT 280.31 130.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 291.12 130.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 307.18 130.10 Td (grant ) Tj ET Q
q 0 0 0 rg BT 331.99 130.10 Td (date ) Tj ET Q
q 0 0 0 rg BT 352.71 130.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 364.69 130.10 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 369.94 130.10 Td (34.92) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 393.56 130.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 399.42 130.10 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.67 130.10 Td (29.68) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 428.29 130.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 434.15 130.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 452.54 130.10 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.79 130.10 Td (37.63) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.42 130.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 487.27 130.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 537.32 130.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 543.18 130.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 546.18 130.10 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 117.50 Td (undistributed ) Tj ET Q
q 0 0 0 rg BT 107.51 117.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 136.36 117.50 Td (issued ) Tj ET Q
q 0 0 0 rg BT 165.21 117.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 191.71 117.50 Td (this ) Tj ET Q
q 0 0 0 rg BT 209.49 117.50 Td (plan ) Tj ET Q
q 0 0 0 rg BT 230.17 117.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 245.58 117.50 Td (held ) Tj ET Q
q 0 0 0 rg BT 266.26 117.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 277.03 117.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 284.29 117.50 Td (rabbi ) Tj ET Q
q 0 0 0 rg BT 308.47 117.50 Td (trust. ) Tj ET Q
q 0 0 0 rg BT 332.36 117.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 334.39 117.50 Td (Assets ) Tj ET Q
q 0 0 0 rg BT 364.41 117.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.76 117.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.18 117.50 Td (rabbi ) Tj ET Q
q 0 0 0 rg BT 415.36 117.50 Td (trust ) Tj ET Q
q 0 0 0 rg BT 436.63 117.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 452.05 117.50 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 507.72 117.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 528.99 117.50 Td (those ) Tj ET Q
q 0 0 0 rg BT 553.75 117.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 104.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.59 104.90 Td (employer) Tj ET Q
q 0 0 0 rg BT 103.82 104.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 108.70 104.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 126.12 104.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.20 104.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 166.20 104.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 177.20 104.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.29 104.90 Td (employer's ) Tj ET Q
q 0 0 0 rg BT 240.18 104.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 264.60 104.90 Td (held ) Tj ET Q
q 0 0 0 rg BT 284.94 104.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 295.36 104.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.45 104.90 Td (rabbi ) Tj ET Q
q 0 0 0 rg BT 334.28 104.90 Td (trust ) Tj ET Q
q 0 0 0 rg BT 355.20 104.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 364.46 104.90 Td (classified ) Tj ET Q
q 0 0 0 rg BT 406.38 104.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 416.80 104.90 Td (stockholders' ) Tj ET Q
q 0 0 0 rg BT 474.02 104.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 502.53 104.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 519.95 104.90 Td (accounted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 92.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 63.46 92.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 73.35 92.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 79.73 92.30 Td (manner ) Tj ET Q
q 0 0 0 rg BT 112.94 92.30 Td (similar ) Tj ET Q
q 0 0 0 rg BT 143.82 92.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 153.71 92.30 Td (treasury ) Tj ET Q
q 0 0 0 rg BT 189.25 92.30 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 215.76 92.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 217.35 92.30 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 263.08 92.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 277.63 92.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 305.59 92.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 328.89 92.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 359.19 92.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 374.91 92.30 Td (issued ) Tj ET Q
q 0 0 0 rg BT 402.88 92.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 412.77 92.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 427.32 92.30 Td (rabbi ) Tj ET Q
q 0 0 0 rg BT 450.61 92.30 Td (trust ) Tj ET Q
q 0 0 0 rg BT 471.00 92.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 487.88 92.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.43 92.30 Td (corresponding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 79.70 Td (liability ) Tj ET Q
q 0 0 0 rg BT 84.88 79.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 116.16 79.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 127.04 79.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 142.58 79.70 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 180.27 79.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 241.31 79.70 Td (plan ) Tj ET Q
q 0 0 0 rg BT 262.10 79.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 277.63 79.70 Td (presented ) Tj ET Q
q 0 0 0 rg BT 320.58 79.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 332.04 79.70 Td (components ) Tj ET Q
q 0 0 0 rg BT 385.50 79.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 396.96 79.70 Td (stockholders' ) Tj ET Q
q 0 0 0 rg BT 454.64 79.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 483.60 79.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 495.06 79.70 Td (Employee ) Tj ET Q
q 0 0 0 rg BT 540.35 79.70 Td (stock ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 67.10 Td (trust ) Tj ET Q
q 0 0 0 rg BT 70.70 67.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 88.38 67.10 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 128.22 67.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 189.07 67.10 Td (employee ) Tj ET Q
q 0 0 0 rg BT 232.41 67.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 257.10 67.10 Td (trust, ) Tj ET Q
q 0 0 0 rg BT 280.92 67.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 330.97 67.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 336.12 67.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 338.65 67.10 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 369.17 67.10 Td (held ) Tj ET Q
q 0 0 0 rg BT 389.78 67.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 402.81 67.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.16 67.10 Td (trust ) Tj ET Q
q 0 0 0 rg BT 439.36 67.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 449.46 67.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 479.40 67.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 495.05 67.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 521.20 67.10 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 547.35 67.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 54.50 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 75.75 54.50 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 98.78 54.50 Td (427) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 114.53 54.50 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 119.78 54.50 Td (456) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 135.53 54.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 140.78 54.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 158.56 54.50 Td (462) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 174.31 54.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 179.56 54.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 229.61 54.50 Td (.) Tj ET Q
endstream
endobj
265 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 266 0 R>>
endobj
266 0 obj
<</Length 16703>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (130) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (13) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.50 729.15 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.75 729.15 Td (Revenue) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 104.24 729.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 704.55 Td (The following table presents ) Tj ET Q
q 0 0 0 rg BT 172.28 704.55 Td (T) Tj ET Q
q 0 0 0 rg BT 177.96 704.55 Td (otal Operating Revenues disaggregated by asset class:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 679.05 m
392.5 679.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
392.5 679.05 m
396.5 679.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
396.5 679.05 m
477.5 679.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 679.05 m
562.5 679.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 664.05 m
307.5 664.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 664.05 m
392.5 664.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
396.5 664.05 m
477.5 664.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 664.05 m
562.5 664.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 664.05 m
392.5 664.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
396.5 664.05 m
477.5 664.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 664.05 m
562.5 664.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 604.05 m
307.5 604.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 589.05 m
307.5 589.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 604.05 m
392.5 604.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 589.05 m
392.5 589.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
396.5 604.05 m
477.5 604.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
396.5 589.05 m
477.5 589.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 604.05 m
562.5 604.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 589.05 m
562.5 589.05 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 387.15 683.82 Td (Y) Tj ET Q
q 0 0 0 rg BT 393.68 683.82 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 341.00 668.84 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.00 668.82 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.00 668.82 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 653.82 Td (Equity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 314.00 653.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 346.50 653.84 Td (1,160,799) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.00 653.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.50 653.82 Td (1,213,480) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.00 653.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.50 653.82 Td (1,288,655) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 638.82 Td (Fixed Income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 346.50 638.84 Td (1,166,134) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.50 638.82 Td (1,138,763) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.50 638.82 Td (1,181,853) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 623.82 Td (Alternative) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 354.35 623.84 Td (502,762) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.35 623.82 Td (463,883) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 623.82 Td (568,140) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 608.82 Td (Liquidity) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 359.60 608.84 Td (92,430) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 444.60 608.82 Td (87,133) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.35 608.82 Td (101,674) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 593.82 Td (T) Tj ET Q
q 0 0 0 rg BT 58.68 593.82 Td (otal Operating Revenues) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 314.00 593.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 346.50 593.84 Td (2,922,125) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.00 593.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.50 593.82 Td (2,903,259) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.00 593.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.50 593.82 Td (3,140,322) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 564.35 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 93.58 564.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 106.83 564.35 Td (geographic ) Tj ET Q
q 0 0 0 rg BT 156.23 564.35 Td (location ) Tj ET Q
q 0 0 0 rg BT 192.81 564.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 208.38 564.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 250.21 564.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 276.87 564.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 290.13 564.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 305.71 564.35 Td (location ) Tj ET Q
q 0 0 0 rg BT 342.29 564.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 353.79 564.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.37 564.35 Td (advisor ) Tj ET Q
q 0 0 0 rg BT 403.04 564.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 414.54 564.35 Td (domicile ) Tj ET Q
q 0 0 0 rg BT 454.03 564.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 465.53 564.35 Td (fund ) Tj ET Q
q 0 0 0 rg BT 487.53 564.35 Td (families ) Tj ET Q
q 0 0 0 rg BT 524.11 564.35 Td (managed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 551.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 64.58 551.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 90.24 551.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 122.91 551.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 142.15 551.75 Td (do ) Tj ET Q
q 0 0 0 rg BT 156.74 551.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 174.24 551.75 Td (necessarily ) Tj ET Q
q 0 0 0 rg BT 224.97 551.75 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 255.86 551.75 Td (where ) Tj ET Q
q 0 0 0 rg BT 285.60 551.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.51 551.75 Td (customer ) Tj ET Q
q 0 0 0 rg BT 345.08 551.75 Td (resides ) Tj ET Q
q 0 0 0 rg BT 378.32 551.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 391.15 551.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.06 551.75 Td (currency ) Tj ET Q
q 0 0 0 rg BT 448.87 551.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 461.12 551.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 490.87 551.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.78 551.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 549.18 551.75 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 539.15 Td (denominated. ) Tj ET Q
q 0 0 0 rg BT 109.48 539.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 111.92 539.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 130.87 539.15 Td (following ) Tj ET Q
q 0 0 0 rg BT 174.33 539.15 Td (table ) Tj ET Q
q 0 0 0 rg BT 197.36 539.15 Td (presents ) Tj ET Q
q 0 0 0 rg BT 234.20 539.15 Td (T) Tj ET Q
q 0 0 0 rg BT 239.88 539.15 Td (otal ) Tj ET Q
q 0 0 0 rg BT 258.25 539.15 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 302.86 539.15 Td (Revenues ) Tj ET Q
q 0 0 0 rg BT 346.31 539.15 Td (disaggregated ) Tj ET Q
q 0 0 0 rg BT 407.25 539.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 420.37 539.15 Td (geographic ) Tj ET Q
q 0 0 0 rg BT 469.64 539.15 Td (location:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 513.65 m
393.5 513.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
393.5 513.65 m
397.5 513.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397.5 513.65 m
477.5 513.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 513.65 m
561.5 513.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 498.65 m
309.5 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 498.65 m
393.5 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397.5 498.65 m
477.5 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 498.65 m
561.5 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 498.65 m
309.5 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 498.65 m
393.5 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397.5 498.65 m
477.5 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 498.65 m
561.5 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 453.65 m
309.5 453.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 438.65 m
309.5 438.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 453.65 m
393.5 453.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 438.65 m
393.5 438.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397.5 453.65 m
477.5 453.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397.5 438.65 m
477.5 438.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 453.65 m
561.5 453.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481.5 438.65 m
561.5 438.65 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 387.65 518.42 Td (Y) Tj ET Q
q 0 0 0 rg BT 394.18 518.42 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 342.50 503.44 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 503.42 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 510.50 503.42 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 488.42 Td (United States) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 316.00 488.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 347.50 488.44 Td (2,325,306) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 400.00 488.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.50 488.42 Td (2,255,989) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.00 488.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 515.50 488.42 Td (2,381,155) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 473.42 Td (United Kingdom) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 355.35 473.44 Td (134,126) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.35 473.42 Td (140,145) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.35 473.42 Td (206,813) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 458.42 Td (Other International) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 355.35 458.44 Td (462,693) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.35 458.42 Td (507,125) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.35 458.42 Td (552,354) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 443.42 Td (T) Tj ET Q
q 0 0 0 rg BT 57.68 443.42 Td (otal Operating Revenues) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 316.00 443.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 347.50 443.44 Td (2,922,125) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 400.00 443.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.50 443.42 Td (2,903,259) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 484.00 443.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 515.50 443.42 Td (3,140,322) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 413.95 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 84.44 413.95 Td (sales ) Tj ET Q
q 0 0 0 rg BT 108.39 413.95 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 166.77 413.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 188.39 413.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 200.09 413.95 Td (connection ) Tj ET Q
q 0 0 0 rg BT 249.70 413.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 271.90 413.95 Td (obtaining ) Tj ET Q
q 0 0 0 rg BT 315.10 413.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 343.14 413.95 Td (managed ) Tj ET Q
q 0 0 0 rg BT 384.57 413.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 396.28 413.95 Td (retail ) Tj ET Q
q 0 0 0 rg BT 421.39 413.95 Td (separately ) Tj ET Q
q 0 0 0 rg BT 467.49 413.95 Td (managed ) Tj ET Q
q 0 0 0 rg BT 508.92 413.95 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 549.20 413.95 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 401.35 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 99.60 401.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 112.48 401.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 151.58 401.35 Td (costs. ) Tj ET Q
q 0 0 0 rg BT 179.34 401.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 182.56 401.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 198.36 401.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 211.24 401.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 242.77 401.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 260.03 401.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 285.16 401.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 304.45 401.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 332.21 401.35 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 381.81 401.35 Td (sales ) Tj ET Q
q 0 0 0 rg BT 406.35 401.35 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 465.33 401.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.20 401.35 Td ($8,954) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 507.08 401.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 511.21 401.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.50 401.35 Td ($8,126) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.38 401.35 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 388.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 100.05 388.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 106.12 388.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 129.96 388.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 169.56 388.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 181.17 388.75 Td (Other ) Tj ET Q
q 0 0 0 rg BT 208.52 388.75 Td (current ) Tj ET Q
q 0 0 0 rg BT 241.70 388.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 269.64 388.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 288.25 388.75 Td ($1) Tj ET Q
q 0 0 0 rg BT 298.36 388.75 Td (1,396) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.98 388.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 325.42 388.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 344.03 388.75 Td ($10,147) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 378.15 388.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 384.22 388.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 434.27 388.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 440.34 388.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 464.18 388.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 503.78 388.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 515.39 388.75 Td (Other ) Tj ET Q
q 0 0 0 rg BT 542.75 388.75 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.15 Td (current ) Tj ET Q
q 0 0 0 rg BT 83.77 376.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 112.31 376.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 124.52 376.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.39 376.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 200.85 376.15 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 238.70 376.15 Td (Sheets. ) Tj ET Q
q 0 0 0 rg BT 272.79 376.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 275.94 376.15 Td (Amortization ) Tj ET Q
q 0 0 0 rg BT 335.97 376.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 368.57 376.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 380.78 376.15 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 430.30 376.15 Td (sales ) Tj ET Q
q 0 0 0 rg BT 454.75 376.15 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 513.63 376.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 553.83 376.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 363.55 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 113.71 363.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 131.93 363.55 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 168.22 363.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 179.43 363.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.31 363.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 253.78 363.55 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 302.91 363.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 314.70 363.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 349.24 363.55 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 379.12 363.55 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 398.50 363.55 Td ($9,557) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 427.38 363.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 430.43 363.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.64 363.55 Td ($9,228) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.51 363.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 480.56 363.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 495.86 363.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 511.74 363.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 536.94 363.55 Td (ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 350.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 79.41 350.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 94.55 350.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 117.56 350.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.73 350.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 160.36 350.95 Td (respectively) Tj ET Q
q 0 0 0 rg BT 210.41 350.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 215.04 350.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 216.91 350.95 Td (There ) Tj ET Q
q 0 0 0 rg BT 243.40 350.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 265.81 350.95 Td (no ) Tj ET Q
q 0 0 0 rg BT 278.32 350.95 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 328.74 350.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 355.83 350.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 366.01 350.95 Td (relation ) Tj ET Q
q 0 0 0 rg BT 400.09 350.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 410.27 350.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 425.11 350.95 Td (capitalized ) Tj ET Q
q 0 0 0 rg BT 472.59 350.95 Td (costs ) Tj ET Q
q 0 0 0 rg BT 495.60 350.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 525.02 350.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 539.86 350.95 Td (years ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 338.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 77.70 338.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 107.73 338.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 123.48 338.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 147.10 338.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 164.89 338.35 Td (2019.) Tj ET Q
endstream
endobj
267 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 268 0 R>>
endobj
268 0 obj
<</Length 22859>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (131) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (14) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.00 741.90 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.00 741.90 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 108.47 741.90 Td (Per) Tj ET Q
q 0 0 0 rg BT 124.02 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 126.64 741.90 Td (Shar) Tj ET Q
q 0 0 0 rg BT 148.04 741.90 Td (e) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 152.70 741.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 716.70 Td (following ) Tj ET Q
q 0 0 0 rg BT 111.91 716.70 Td (table ) Tj ET Q
q 0 0 0 rg BT 134.94 716.70 Td (presents ) Tj ET Q
q 0 0 0 rg BT 171.97 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.42 716.70 Td (computations ) Tj ET Q
q 0 0 0 rg BT 246.63 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 258.00 716.70 Td (basic ) Tj ET Q
q 0 0 0 rg BT 282.20 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 299.98 716.70 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 331.77 716.70 Td (EPS:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 691.2 m
401 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401 691.2 m
405 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 691.2 m
482 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 691.2 m
563 691.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 676.2 m
319 676.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 676.2 m
401 676.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 676.2 m
319 676.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 676.2 m
401 676.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 676.2 m
482 676.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 676.2 m
563 676.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 616.2 m
401 616.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 616.2 m
482 616.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 616.2 m
563 616.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 616.2 m
319 616.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 601.2 m
319 601.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 616.2 m
401 616.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 601.2 m
401 601.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 601.2 m
482 601.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 616.2 m
563 616.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 601.2 m
563 601.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 545.2 m
401 545.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 545.2 m
482 545.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 545.2 m
563 545.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 545.2 m
319 545.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 519.2 m
319 519.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 545.2 m
401 545.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
324 519.2 m
401 519.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 545.2 m
482 545.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
405 519.2 m
482 519.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 545.2 m
563 545.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486 519.2 m
563 519.2 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 393.65 695.97 Td (Y) Tj ET Q
q 0 0 0 rg BT 400.71 695.97 Td (ears Ended March 31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 680.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 351.50 680.99 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 432.50 680.97 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 513.50 680.97 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 665.97 Td (Basic weighted-average shares outstanding for EPS) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 368.10 665.99 Td (86,831) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.10 665.97 Td (85,423) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 665.97 Td (90,734) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 650.97 Td (Potential common shares:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 64.50 635.97 Td (Dilutive employee stock options) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.25 635.99 Td (330) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.50 635.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.25 635.97 Td (460) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 64.50 620.97 Td (Performance shares) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 147.01 625.73 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 381.25 620.99 Td (176) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.50 620.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.50 620.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 605.97 Td (Diluted weighted-average shares outstanding for EPS) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 368.10 605.99 Td (87,337) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.10 605.97 Td (85,423) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 605.97 Td (91,194) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 575.97 Td (Net Income \(Loss\) ) Tj ET Q
q 0 0 0 rg BT 133.27 575.97 Td (Attributable to�Legg Mason, Inc.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 326.50 575.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 362.85 575.99 Td (251,367) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.50 575.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.60 575.97 Td (\(28,508) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.00 575.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.50 575.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 575.97 Td (285,075) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 64.50 560.47 Td (Less: Earnings \(distributed and undistributed\) allocated to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.00 549.97 Td (participating securities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 373.35 549.99 Td (8,095) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.35 549.97 Td (4,225) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.10 549.97 Td (10,128) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 534.47 Td (Net Income \(Loss\) \(Distributed and Undistributed\) ) Tj ET Q
q 0 0 0 rg BT 268.58 534.47 Td (Allocated) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.00 523.97 Td (to Shareholders \(Excluding Participating Securities\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 326.50 523.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 362.85 523.99 Td (243,272) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.50 523.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.60 523.97 Td (\(32,733) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.00 523.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.50 523.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.85 523.97 Td (274,947) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 498.47 Td (Net Income \(Loss\) per share ) Tj ET Q
q 0 0 0 rg BT 174.08 498.47 Td (Attributable to Legg Mason, Inc.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.00 487.97 Td (Shareholders) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.00 472.97 Td (Basic) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 326.50 472.99 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 378.60 472.99 Td (2.80) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.50 472.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.10 472.97 Td (\(0.38) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.00 472.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 488.50 472.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 540.60 472.97 Td (3.03) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 66.00 457.97 Td (Diluted) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 378.60 457.99 Td (2.79) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.10 457.97 Td (\(0.38) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.00 457.97 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 540.60 457.97 Td (3.01) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 443.50 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 61.54 443.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 63.00 443.50 Td (Relates ) Tj ET Q
q 0 0 0 rg BT 90.38 443.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 99.36 443.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.11 443.50 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 139.03 443.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 148.47 443.50 Td (performance-based ) Tj ET Q
q 0 0 0 rg BT 215.96 443.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 235.79 443.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 261.30 443.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 295.28 443.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 315.58 443.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 334.48 443.50 Td (granted ) Tj ET Q
q 0 0 0 rg BT 362.33 443.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 371.31 443.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 396.79 443.50 Td (key ) Tj ET Q
q 0 0 0 rg BT 411.43 443.50 Td (employees ) Tj ET Q
q 0 0 0 rg BT 450.14 443.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 459.59 443.50 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 487.45 443.50 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 517.67 443.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 527.11 443.50 Td (part ) Tj ET Q
q 0 0 0 rg BT 542.69 443.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 552.13 443.50 Td (the ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.00 433.30 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 90.62 433.30 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 120.60 433.30 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 160.03 433.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 168.30 433.30 Td (April ) Tj ET Q
q 0 0 0 rg BT 188.36 433.30 Td (2016. ) Tj ET Q
q 0 0 0 rg BT 209.61 433.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 211.74 433.30 Td (See ) Tj ET Q
q 0 0 0 rg BT 226.14 433.30 Td (Note ) Tj ET Q
q 0 0 0 rg BT 244.79 433.30 Td (12 ) Tj ET Q
q 0 0 0 rg BT 255.41 433.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 267.45 433.30 Td (additional ) Tj ET Q
q 0 0 0 rg BT 303.56 433.30 Td (information.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 408.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.42 408.10 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 145.64 408.10 Td (shares ) Tj ET Q
q 0 0 0 rg BT 174.47 408.10 Td (exclude ) Tj ET Q
q 0 0 0 rg BT 209.71 408.10 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 286.93 408.10 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 326.85 408.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 368.50 408.10 Td (shares ) Tj ET Q
q 0 0 0 rg BT 397.34 408.10 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 432.58 408.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 443.34 408.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 455.84 408.10 Td (participating ) Tj ET Q
q 0 0 0 rg BT 511.50 408.10 Td (securities ) Tj ET Q
q 0 0 0 rg BT 553.75 408.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 395.50 Td (2,884) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 73.13 395.50 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.13 395.50 Td (3,092) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 101.75 395.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 106.75 395.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 123.69 395.50 Td (3,327) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 147.31 395.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 149.94 395.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 164.81 395.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.26 395.50 Td (years ) Tj ET Q
q 0 0 0 rg BT 205.04 395.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 232.74 395.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 262.76 395.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 278.51 395.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 304.76 395.50 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 331.01 395.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 348.80 395.50 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 375.05 395.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 425.10 395.50 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 370.30 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.87 370.30 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 106.82 370.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 117.69 370.30 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 140.80 370.30 Td (1) Tj ET Q
q 0 0 0 rg BT 145.66 370.30 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 150.91 370.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 156.23 370.30 Td (during ) Tj ET Q
q 0 0 0 rg BT 186.35 370.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 211.79 370.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 238.12 370.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 264.44 370.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 282.30 370.30 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 308.63 370.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 332.90 370.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 364.19 370.30 Td (retired ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.29 370.30 Td (455) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.04 370.30 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.36 370.30 Td (395) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.11 370.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 436.44 370.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.30 370.30 Td (348) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.05 370.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 472.75 370.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 501.69 370.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 513.14 370.30 Td (its ) Tj ET Q
q 0 0 0 rg BT 525.76 370.30 Td (common ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 357.70 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 77.33 357.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 104.28 357.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 120.15 357.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 145.35 357.70 Td (settlements ) Tj ET Q
q 0 0 0 rg BT 195.63 357.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.42 357.70 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 245.43 357.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 306.79 357.70 Td (award ) Tj ET Q
q 0 0 0 rg BT 335.48 357.70 Td (vesting. ) Tj ET Q
q 0 0 0 rg BT 371.48 357.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 374.52 357.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 386.31 357.70 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 426.39 357.70 Td (during ) Tj ET Q
q 0 0 0 rg BT 456.85 357.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 482.63 357.70 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 509.30 357.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 533.91 357.70 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 345.10 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 95.26 345.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 113.62 345.10 Td (retired ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 144.22 345.10 Td (6,636) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 167.84 345.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 171.04 345.10 Td (shares ) Tj ET Q
q 0 0 0 rg BT 200.48 345.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 212.42 345.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 225.54 345.10 Td (common ) Tj ET Q
q 0 0 0 rg BT 265.49 345.10 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 293.47 345.10 Td (through ) Tj ET Q
q 0 0 0 rg BT 329.34 345.10 Td (open ) Tj ET Q
q 0 0 0 rg BT 352.94 345.10 Td (market ) Tj ET Q
q 0 0 0 rg BT 385.29 345.10 Td (purchases, ) Tj ET Q
q 0 0 0 rg BT 432.52 345.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 450.88 345.10 Td (also ) Tj ET Q
q 0 0 0 rg BT 470.99 345.10 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 516.75 345.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 535.11 345.10 Td (retired ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 332.50 Td (5,568) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 73.13 332.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 76.04 332.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 105.20 332.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.86 332.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 129.70 332.50 Td (common ) Tj ET Q
q 0 0 0 rg BT 169.37 332.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 194.45 332.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 217.78 332.50 Td (Shanda. ) Tj ET Q
q 0 0 0 rg BT 254.23 332.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 256.94 332.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 276.18 332.50 Td (total ) Tj ET Q
q 0 0 0 rg BT 297.76 332.50 Td (retired ) Tj ET Q
q 0 0 0 rg BT 328.08 332.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 357.23 332.50 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 393.38 332.50 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 470.92 332.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 500.08 332.50 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 552.00 332.50 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 319.90 Td (374) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.25 319.90 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 319.90 Td (355) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 86.25 319.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 88.88 319.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 106.66 319.90 Td (6,050) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 130.29 319.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 132.91 319.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 161.78 319.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 176.64 319.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.10 319.90 Td (years ) Tj ET Q
q 0 0 0 rg BT 216.88 319.90 Td (ended ) Tj ET Q
q 0 0 0 rg BT 244.57 319.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 274.60 319.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 290.35 319.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 316.60 319.90 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 342.85 319.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 360.64 319.90 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 386.89 319.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 436.93 319.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 294.70 Td (Options ) Tj ET Q
q 0 0 0 rg BT 85.41 294.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 96.22 294.70 Td (purchase ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 136.19 294.70 Td (1,613) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 159.81 294.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 162.47 294.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.28 294.70 Td (1,952) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 203.90 294.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 206.55 294.70 Td (shares ) Tj ET Q
q 0 0 0 rg BT 235.44 294.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 250.34 294.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 265.82 294.70 Td (years ) Tj ET Q
q 0 0 0 rg BT 290.62 294.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 318.34 294.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 348.40 294.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 364.18 294.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 387.83 294.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 405.64 294.70 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 431.91 294.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 481.96 294.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 487.24 294.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 510.29 294.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 526.36 294.70 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 282.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.54 282.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.23 282.10 Td (computation ) Tj ET Q
q 0 0 0 rg BT 134.60 282.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.21 282.10 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 180.24 282.10 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 202.21 282.10 Td (because ) Tj ET Q
q 0 0 0 rg BT 239.31 282.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.00 282.10 Td (presumed ) Tj ET Q
q 0 0 0 rg BT 300.70 282.10 Td (proceeds ) Tj ET Q
q 0 0 0 rg BT 341.88 282.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 366.16 282.10 Td (exercising ) Tj ET Q
q 0 0 0 rg BT 413.18 282.10 Td (such ) Tj ET Q
q 0 0 0 rg BT 436.30 282.10 Td (options, ) Tj ET Q
q 0 0 0 rg BT 473.71 282.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 517.25 282.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.94 282.10 Td (related ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 269.50 Td (unamortized ) Tj ET Q
q 0 0 0 rg BT 104.45 269.50 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 143.37 269.50 Td (exceed ) Tj ET Q
q 0 0 0 rg BT 174.98 269.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 190.29 269.50 Td (average ) Tj ET Q
q 0 0 0 rg BT 225.40 269.50 Td (price ) Tj ET Q
q 0 0 0 rg BT 248.86 269.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 260.07 269.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.38 269.50 Td (common ) Tj ET Q
q 0 0 0 rg BT 314.59 269.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 343.31 269.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 358.02 269.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 373.32 269.50 Td (period ) Tj ET Q
q 0 0 0 rg BT 402.62 269.50 Td (and, ) Tj ET Q
q 0 0 0 rg BT 422.88 269.50 Td (therefore, ) Tj ET Q
q 0 0 0 rg BT 465.87 269.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 481.17 269.50 Td (options ) Tj ET Q
q 0 0 0 rg BT 514.56 269.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 529.85 269.50 Td (deemed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 256.90 Td (antidilutive. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 231.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.76 231.70 Td (diluted ) Tj ET Q
q 0 0 0 rg BT 98.86 231.70 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 118.88 231.70 Td (calculation ) Tj ET Q
q 0 0 0 rg BT 166.88 231.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 181.06 231.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.82 231.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 215.82 231.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 242.83 231.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 272.17 231.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 287.22 231.70 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 312.78 231.70 Td (excludes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.45 231.70 Td (106) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 367.20 231.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 369.14 231.70 Td (potential ) Tj ET Q
q 0 0 0 rg BT 407.81 231.70 Td (common ) Tj ET Q
q 0 0 0 rg BT 446.49 231.70 Td (shares ) Tj ET Q
q 0 0 0 rg BT 474.67 231.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 492.35 231.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 514.68 231.70 Td (antidilutive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 219.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 67.29 219.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 78.08 219.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.53 219.10 Td (net ) Tj ET Q
q 0 0 0 rg BT 108.98 219.10 Td (loss ) Tj ET Q
q 0 0 0 rg BT 127.95 219.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 142.82 219.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 158.27 219.10 Td (year) Tj ET Q
q 0 0 0 rg BT 175.76 219.10 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 193.90 Td (Further) Tj ET Q
q 0 0 0 rg BT 79.99 193.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 85.03 193.90 Td (market- ) Tj ET Q
q 0 0 0 rg BT 120.10 193.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 137.68 193.90 Td (performance-based ) Tj ET Q
q 0 0 0 rg BT 220.55 193.90 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 255.33 193.90 Td (such ) Tj ET Q
q 0 0 0 rg BT 276.99 193.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 288.16 193.90 Td (those ) Tj ET Q
q 0 0 0 rg BT 312.74 193.90 Td (issued ) Tj ET Q
q 0 0 0 rg BT 341.41 193.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 351.99 193.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 375.99 193.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 406.99 193.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 449.63 193.90 Td (of) Tj ET Q
q 0 0 0 rg BT 458.19 193.90 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 486.55 193.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 501.79 193.90 Td (excluded ) Tj ET Q
q 0 0 0 rg BT 542.10 193.90 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 181.30 Td (potential ) Tj ET Q
q 0 0 0 rg BT 88.87 181.30 Td (dilution ) Tj ET Q
q 0 0 0 rg BT 124.16 181.30 Td (until ) Tj ET Q
q 0 0 0 rg BT 146.04 181.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 161.49 181.30 Td (designated ) Tj ET Q
q 0 0 0 rg BT 209.02 181.30 Td (market ) Tj ET Q
q 0 0 0 rg BT 240.80 181.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 252.17 181.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 307.84 181.30 Td (condition ) Tj ET Q
q 0 0 0 rg BT 350.13 181.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 359.76 181.30 Td (met.) Tj ET Q
endstream
endobj
269 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 270 0 R>>
endobj
270 0 obj
<</Length 15282>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (132) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (15) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.00 741.90 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.00 741.90 Td (Accumulated Other) Tj ET Q
q 0 0 0 rg BT 153.76 741.90 Td ( Compr) Tj ET Q
q 0 0 0 rg BT 188.27 741.90 Td (ehensive Loss) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 249.24 741.90 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (Accumulated ) Tj ET Q
q 0 0 0 rg BT 108.15 716.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 132.41 716.70 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 198.64 716.70 Td (loss ) Tj ET Q
q 0 0 0 rg BT 217.66 716.70 Td (includes ) Tj ET Q
q 0 0 0 rg BT 255.33 716.70 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 304.66 716.70 Td (foreign ) Tj ET Q
q 0 0 0 rg BT 337.65 716.70 Td (currency ) Tj ET Q
q 0 0 0 rg BT 377.05 716.70 Td (translation ) Tj ET Q
q 0 0 0 rg BT 424.06 716.70 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 476.90 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 494.73 716.70 Td (gains ) Tj ET Q
q 0 0 0 rg BT 519.57 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 537.41 716.70 Td (losses ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.92 704.10 Td (defined ) Tj ET Q
q 0 0 0 rg BT 97.32 704.10 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 129.39 704.10 Td (pension ) Tj ET Q
q 0 0 0 rg BT 164.97 704.10 Td (plans. ) Tj ET Q
q 0 0 0 rg BT 192.68 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 195.39 704.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 214.63 704.10 Td (change ) Tj ET Q
q 0 0 0 rg BT 247.28 704.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 258.36 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.11 704.10 Td (accumulated ) Tj ET Q
q 0 0 0 rg BT 330.08 704.10 Td (translation ) Tj ET Q
q 0 0 0 rg BT 377.32 704.10 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 430.40 704.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 445.57 704.10 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.22 704.10 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.22 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 495.14 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 513.22 704.10 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.87 704.10 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.87 704.10 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 91.36 691.50 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 127.38 691.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 150.58 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.19 691.50 Td (impact ) Tj ET Q
q 0 0 0 rg BT 197.55 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.08 691.50 Td (changes ) Tj ET Q
q 0 0 0 rg BT 245.69 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 256.64 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 271.64 691.50 Td (Australian ) Tj ET Q
q 0 0 0 rg BT 318.16 691.50 Td (dollar) Tj ET Q
q 0 0 0 rg BT 342.23 691.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 347.65 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.26 691.50 Td (British ) Tj ET Q
q 0 0 0 rg BT 394.63 691.50 Td (pound, ) Tj ET Q
q 0 0 0 rg BT 426.29 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.91 691.50 Td (Brazilian ) Tj ET Q
q 0 0 0 rg BT 483.18 691.50 Td (real, ) Tj ET Q
q 0 0 0 rg BT 504.32 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 519.93 691.50 Td (Singapore ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (dollar) Tj ET Q
q 0 0 0 rg BT 73.57 678.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 77.97 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 94.90 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 109.50 678.90 Td (Japanese ) Tj ET Q
q 0 0 0 rg BT 148.58 678.90 Td (yen, ) Tj ET Q
q 0 0 0 rg BT 168.14 678.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 178.07 678.90 Td (relation ) Tj ET Q
q 0 0 0 rg BT 211.91 678.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 221.85 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 236.45 678.90 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 256.89 678.90 Td (dollar ) Tj ET Q
q 0 0 0 rg BT 283.16 678.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 295.43 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.02 678.90 Td (net ) Tj ET Q
q 0 0 0 rg BT 324.62 678.90 Td (assets ) Tj ET Q
q 0 0 0 rg BT 350.89 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.41 678.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 384.75 678.90 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 421.08 678.90 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 472.43 678.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 482.37 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.97 678.90 Td (U.K., ) Tj ET Q
q 0 0 0 rg BT 521.39 678.90 Td (Australia, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (Brazil, ) Tj ET Q
q 0 0 0 rg BT 80.61 666.30 Td (Japan, ) Tj ET Q
q 0 0 0 rg BT 109.98 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 127.97 666.30 Td (Singapore, ) Tj ET Q
q 0 0 0 rg BT 176.00 666.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 191.08 666.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 219.57 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 235.23 666.30 Td (pound, ) Tj ET Q
q 0 0 0 rg BT 266.31 666.30 Td (Australian ) Tj ET Q
q 0 0 0 rg BT 312.88 666.30 Td (dollar) Tj ET Q
q 0 0 0 rg BT 336.95 666.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 342.41 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 358.07 666.30 Td (Singaporean ) Tj ET Q
q 0 0 0 rg BT 413.39 666.30 Td (dollar) Tj ET Q
q 0 0 0 rg BT 437.46 666.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 442.91 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 458.57 666.30 Td (real, ) Tj ET Q
q 0 0 0 rg BT 479.77 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 497.76 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.42 666.30 Td (yen, ) Tj ET Q
q 0 0 0 rg BT 534.04 666.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 549.68 666.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (functional ) Tj ET Q
q 0 0 0 rg BT 94.70 653.70 Td (currencies, ) Tj ET Q
q 0 0 0 rg BT 143.08 653.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 193.13 653.70 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 629.10 Td (A) Tj ET Q
q 0 0 0 rg BT 56.50 629.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 59.13 629.10 Td (summary ) Tj ET Q
q 0 0 0 rg BT 100.83 629.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.20 629.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 136.40 629.10 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 173.59 629.10 Td (accumulated ) Tj ET Q
q 0 0 0 rg BT 229.27 629.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 253.47 629.10 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 319.66 629.10 Td (loss ) Tj ET Q
q 0 0 0 rg BT 338.62 629.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 349.99 629.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.37 629.10 Td (March�31 ) Tj ET Q
q 0 0 0 rg BT 404.52 629.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 414.15 629.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 425.52 629.10 Td (follows: ) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 603.6 m
444 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 603.6 m
503 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 603.6 m
562 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 603.6 m
444 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 603.6 m
503 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 603.6 m
562 603.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 573.6 m
444 573.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 573.6 m
503 573.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 573.6 m
562 573.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 558.6 m
444 558.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 558.6 m
503 558.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 558.6 m
562 558.6 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 464.50 608.39 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.50 608.37 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 593.37 Td (Foreign currency translation adjustment) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 450.50 593.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 461.35 593.39 Td (\(194,515) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 499.00 593.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.50 593.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.35 593.37 Td (\(1) Tj ET Q
q 0 0 0 rg BT 529.10 593.37 Td (13,429) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 593.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 578.37 Td (Changes in defined benefit pension plan) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 479.75 578.39 Td (\(791) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 499.00 578.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.60 578.37 Td (\(17,807) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 578.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 563.37 Td (T) Tj ET Q
q 0 0 0 rg BT 58.18 563.37 Td (otal ) Tj ET Q
q 0 0 0 rg BT 75.97 563.37 Td (Accumulated other comprehensive loss) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 450.50 563.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 461.35 563.39 Td (\(195,306) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 499.00 563.39 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.50 563.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.35 563.37 Td (\(131,236) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 558.00 563.37 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 533.90 Td (There ) Tj ET Q
q 0 0 0 rg BT 76.13 533.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 98.67 533.90 Td (no ) Tj ET Q
q 0 0 0 rg BT 111.32 533.90 Td (significant ) Tj ET Q
q 0 0 0 rg BT 157.79 533.90 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 195.51 533.90 Td (reclassified ) Tj ET Q
q 0 0 0 rg BT 245.47 533.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 267.55 533.90 Td (Accumulated ) Tj ET Q
q 0 0 0 rg BT 325.67 533.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 349.39 533.90 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 415.10 533.90 Td (loss ) Tj ET Q
q 0 0 0 rg BT 433.58 533.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 443.89 533.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 458.87 533.90 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 516.42 533.90 Td (Statements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 521.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 521.30 Td (Income ) Tj ET Q
q 0 0 0 rg BT 94.98 521.30 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 124.44 521.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 139.31 521.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.76 521.30 Td (years ) Tj ET Q
q 0 0 0 rg BT 179.54 521.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 207.23 521.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 237.26 521.30 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 253.01 521.30 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 274.01 521.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 279.26 521.30 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 281.89 521.30 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 302.89 521.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 308.14 521.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 325.92 521.30 Td (2018.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 496.10 Td (16) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 60.50 496.10 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.75 496.10 Td (Noncontr) Tj ET Q
q 0 0 0 rg BT 108.14 496.10 Td (olling ) Tj ET Q
q 0 0 0 rg BT 135.86 496.10 Td (Inter) Tj ET Q
q 0 0 0 rg BT 158.41 496.10 Td (ests) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 174.74 496.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 470.90 Td (Net ) Tj ET Q
q 0 0 0 rg BT 67.79 470.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 101.32 470.90 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 151.76 470.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 162.55 470.90 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 227.00 470.90 Td (interests ) Tj ET Q
q 0 0 0 rg BT 264.62 470.90 Td (included ) Tj ET Q
q 0 0 0 rg BT 303.40 470.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.86 470.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 362.31 470.90 Td (amounts:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319.5 445.4 m
397.5 445.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397.5 445.4 m
402.5 445.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
402.5 445.4 m
480.5 445.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484.5 445.4 m
562.5 445.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 430.4 m
315.5 430.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319.5 445.4 m
397.5 445.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319.5 430.4 m
397.5 430.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397.5 445.4 m
402.5 445.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
402.5 445.4 m
480.5 445.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
402.5 430.4 m
480.5 430.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484.5 445.4 m
562.5 445.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484.5 430.4 m
562.5 430.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319.5 430.4 m
397.5 430.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
402.5 430.4 m
480.5 430.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484.5 430.4 m
562.5 430.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 377.4 m
315.5 377.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319.5 377.4 m
397.5 377.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
402.5 377.4 m
480.5 377.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484.5 377.4 m
562.5 377.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 362.4 m
315.5 362.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
319.5 362.4 m
397.5 362.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
402.5 362.4 m
480.5 362.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
484.5 362.4 m
562.5 362.4 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.15 450.17 Td (Y) Tj ET Q
q 0 0 0 rg BT 398.21 450.17 Td (ears Ended March 31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 435.17 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 347.50 435.19 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.50 435.17 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 512.50 435.17 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 418.67 Td (Net income attributable to redeemable noncontrolling) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 408.17 Td (interests) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 322.00 408.19 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 364.60 408.19 Td (47,228) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 405.00 408.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.60 408.17 Td (28,029) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 408.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 408.17 Td (42,872) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 392.67 Td (Net income attributable to nonredeemable noncontrolling) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 382.17 Td (interests) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 369.85 382.19 Td (5,891) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.85 382.17 Td (8,413) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 534.85 382.17 Td (8,403) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 367.17 Td (T) Tj ET Q
q 0 0 0 rg BT 58.68 367.17 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 322.00 367.19 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 364.60 367.19 Td (53,1) Tj ET Q
q 0 0 0 rg BT 382.98 367.19 Td (19) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 405.00 367.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.60 367.17 Td (36,442) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 487.00 367.17 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 367.17 Td (51,275) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
271 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 272 0 R>>
endobj
272 0 obj
<</Length 21385>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (133) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.41 741.75 Td (tables ) Tj ET Q
q 0 0 0 rg BT 139.52 741.75 Td (present ) Tj ET Q
q 0 0 0 rg BT 172.47 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.92 741.75 Td (changes ) Tj ET Q
q 0 0 0 rg BT 224.37 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 235.16 741.75 Td (redeemable ) Tj ET Q
q 0 0 0 rg BT 286.17 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 303.96 741.75 Td (nonredeemable ) Tj ET Q
q 0 0 0 rg BT 370.72 741.75 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 435.17 741.75 Td (interests:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
221.5 716.25 m
285.5 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
285.5 716.25 m
289.5 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 716.25 m
361.5 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
361.5 716.25 m
365.5 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 716.25 m
427.5 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
427.5 716.25 m
431.5 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431.5 716.25 m
483.5 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 701.25 m
361.5 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
361.5 701.25 m
365.5 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 701.25 m
427.5 701.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 666.25 m
217.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
221.5 666.25 m
285.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 666.25 m
361.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 666.25 m
427.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431.5 666.25 m
483.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 666.25 m
561.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 666.25 m
217.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
221.5 666.25 m
285.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 666.25 m
361.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 666.25 m
427.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431.5 666.25 m
483.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 666.25 m
561.5 666.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 550.25 m
217.5 550.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
221.5 550.25 m
285.5 550.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 550.25 m
361.5 550.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 550.25 m
427.5 550.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 550.25 m
561.5 550.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 550.25 m
361.5 550.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 550.25 m
427.5 550.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431.5 550.25 m
483.5 550.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 550.25 m
561.5 550.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 378.25 m
217.5 378.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
221.5 378.25 m
285.5 378.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 378.25 m
361.5 378.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 378.25 m
427.5 378.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 378.25 m
561.5 378.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 378.25 m
361.5 378.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 378.25 m
427.5 378.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431.5 378.25 m
483.5 378.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 378.25 m
561.5 378.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
221.5 211.25 m
285.5 211.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 211.25 m
361.5 211.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 211.25 m
427.5 211.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431.5 211.25 m
483.5 211.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 211.25 m
561.5 211.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 211.25 m
217.5 211.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 197.25 m
217.5 197.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
221.5 211.25 m
285.5 211.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
221.5 197.25 m
285.5 197.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
289.5 197.25 m
361.5 197.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
365.5 197.25 m
427.5 197.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
431.5 197.25 m
483.5 197.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 211.25 m
561.5 211.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.5 197.25 m
561.5 197.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 275.00 721.02 Td (Redeemable noncontrolling interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 225.25 702.52 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 229.95 692.02 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 231.80 681.52 Td (vehicles) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 266.20 686.28 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 274.16 681.52 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 233.30 671.02 Td (and other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 340.30 706.02 Td (Af) Tj ET Q
q 0 0 0 rg BT 351.28 706.02 Td (filiate) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 292.90 681.52 Td (Noncontrolling) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.50 671.02 Td (interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.55 681.52 Td (Management) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.45 671.02 Td (equity plans) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.25 671.02 Td (T) Tj ET Q
q 0 0 0 rg BT 451.93 671.02 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.75 691.47 Td (Nonredeemable ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 493.05 680.97 Td (noncontrolling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.50 670.47 Td (interests) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 537.49 675.23 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 656.47 Td (Balance as of March 31, 2017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 224.00 656.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.60 656.47 Td (58,470) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 292.00 656.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.35 656.47 Td (591,254) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.00 656.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.60 656.47 Td (28,048) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.00 656.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.35 656.47 Td (677,772) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 656.47 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 656.47 Td (27,798) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 642.47 Td (Net income attributable to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 631.97 Td (noncontrolling interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 257.85 632.02 Td (6,656) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.60 632.02 Td (36,216) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 632.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 450.60 632.02 Td (42,872) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 632.02 Td (8,403) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 616.52 Td (Subscriptions \(redemptions\), net, and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 606.02 Td (other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.60 606.02 Td (59,921) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 330.35 606.02 Td (\(2,693) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 606.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 606.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 450.60 606.02 Td (57,228) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 606.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 591.47 Td (Distributions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 591.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.10 591.47 Td (\(53,388) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 591.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 591.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 591.47 Td (\(53,388) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 591.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.35 591.47 Td (\(8,470) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.50 591.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 577.47 Td (Foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 577.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.75 577.47 Td (381) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 577.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.75 577.47 Td (381) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 577.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 563.47 Td (V) Tj ET Q
q 0 0 0 rg BT 59.00 563.47 Td (esting/change in estimated) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 553.02 Td (redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 555.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.85 555.02 Td (2,180) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.85 555.02 Td (5,250) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.85 555.02 Td (7,430) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 555.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 540.02 Td (Balance as of March 31, 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 247.35 540.02 Td (125,047) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.35 540.02 Td (573,950) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.60 540.02 Td (33,298) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.35 540.02 Td (732,295) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 540.02 Td (27,731) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 525.47 Td (Net income attributable to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 514.97 Td (noncontrolling interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 265.75 515.02 Td (776) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.60 515.02 Td (27,253) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 515.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 450.60 515.02 Td (28,029) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 515.02 Td (8,413) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 500.47 Td (Subscriptions \(redemptions\), net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.10 500.47 Td (\(22,193) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 281.50 500.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.00 500.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 500.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 500.47 Td (\(22,193) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 500.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 500.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 486.47 Td (Settlement of af) Tj ET Q
q 0 0 0 rg BT 118.97 486.47 Td (filiate noncontrolling) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 475.97 Td (interest put:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 462.47 Td (Payment) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 462.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.10 462.47 Td (\(15,547) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 462.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 462.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 462.47 Td (\(15,547) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 462.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 462.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 448.47 Td (Change in redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 448.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.10 448.47 Td (\(12,345) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 448.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 448.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 448.47 Td (\(12,345) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 448.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 448.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 434.47 Td (Distributions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 434.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.10 434.47 Td (\(29,815) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 434.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 434.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 434.47 Td (\(29,815) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 434.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.35 434.47 Td (\(8,760) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.50 434.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 420.47 Td (Grants \(settlements\), net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 420.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.00 420.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 396.35 420.47 Td (\(1,325) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 423.50 420.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.35 420.47 Td (\(1,325) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 420.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 420.47 Td (2,400) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 406.47 Td (Foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 406.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 330.35 406.47 Td (\(4,738) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 406.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 406.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.35 406.47 Td (\(4,738) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 406.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 406.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 392.47 Td (V) Tj ET Q
q 0 0 0 rg BT 59.00 392.47 Td (esting/change in estimated) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 381.97 Td (redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 383.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.85 383.02 Td (1,837) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.60 383.02 Td (16,178) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 450.60 383.02 Td (18,015) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 383.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 368.47 Td (Balance as of March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 247.35 368.47 Td (103,630) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.35 368.47 Td (540,595) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.60 368.47 Td (48,151) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.35 368.47 Td (692,376) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 368.47 Td (29,784) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 355.47 Td (Net income attributable to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 345.02 Td (noncontrolling interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.60 348.02 Td (12,906) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.60 348.02 Td (34,322) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 348.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 450.60 348.02 Td (47,228) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 348.02 Td (5,891) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 333.47 Td (Subscriptions \(redemptions\), net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 265.75 333.47 Td (604) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.00 333.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.25 333.47 Td (\(150) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 423.50 333.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 463.75 333.47 Td (454) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 333.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 319.02 Td (Business acquisition) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 319.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 328.60 319.02 Td (1) Tj ET Q
q 0 0 0 rg BT 333.85 319.02 Td (1,715) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 319.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 450.60 319.02 Td (1) Tj ET Q
q 0 0 0 rg BT 455.85 319.02 Td (1,715) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 319.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 304.47 Td (Purchase of af) Tj ET Q
q 0 0 0 rg BT 111.96 304.47 Td (filiate noncontrolling) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 294.02 Td (interest put:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.00 281.47 Td ( Payment \(fair value portion\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 281.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 330.35 281.47 Td (\(8,789) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 281.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 281.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.35 281.47 Td (\(8,789) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 281.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 281.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 267.47 Td (Change in redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 267.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.10 267.47 Td (\(25,708) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 267.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 267.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 267.47 Td (\(25,708) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 267.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 267.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 253.47 Td (Distributions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 253.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.10 253.47 Td (\(30,542) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 253.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 253.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.10 253.47 Td (\(30,542) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 253.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.35 253.47 Td (\(6,633) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.50 253.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 239.47 Td (Foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 239.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 330.35 239.47 Td (\(1,071) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 357.50 239.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 413.00 239.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.35 239.47 Td (\(1,071) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 479.50 239.47 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 239.47 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 225.47 Td (V) Tj ET Q
q 0 0 0 rg BT 58.42 225.47 Td (esting/change in estimated) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 214.97 Td (redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 271.00 216.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 333.85 216.02 Td (4,900) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 394.60 216.02 Td (23,851) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 450.60 216.02 Td (28,751) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 216.02 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 201.64 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 90.21 201.64 Td (as ) Tj ET Q
q 0 0 0 rg BT 102.17 201.64 Td (of ) Tj ET Q
q 0 0 0 rg BT 113.54 201.64 Td (Mar) Tj ET Q
q 0 0 0 rg BT 133.17 201.64 Td (ch ) Tj ET Q
q 0 0 0 rg BT 146.30 201.64 Td (31, ) Tj ET Q
q 0 0 0 rg BT 162.05 201.64 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 224.00 201.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 247.35 201.64 Td (1) Tj ET Q
q 0 0 0 rg BT 252.60 201.64 Td (17,140) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 292.00 201.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 323.35 201.64 Td (525,422) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 368.00 201.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 394.60 201.64 Td (71,852) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 434.00 201.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 445.35 201.64 Td (714,414) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 490.00 201.64 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 201.64 Td (29,042) Tj ET Q
BT /F1 8.50 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 50.00 188.15 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 61.33 188.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 63.33 188.15 Td (Related ) Tj ET Q
q 0 0 0 rg BT 89.76 188.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 97.84 188.15 Td (VIEs ) Tj ET Q
q 0 0 0 rg BT 116.28 188.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 129.83 188.15 Td (seeded ) Tj ET Q
q 0 0 0 rg BT 153.60 188.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 190.70 188.15 Td (products.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 50.00 178.55 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 61.33 178.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 63.33 178.55 Td (Related ) Tj ET Q
q 0 0 0 rg BT 89.76 178.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 97.98 178.55 Td (Royce ) Tj ET Q
q 0 0 0 rg BT 120.42 178.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 163.29 178.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 185.29 178.55 Td (plan.) Tj ET Q
endstream
endobj
273 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 274 0 R>>
endobj
274 0 obj
<</Length 31874>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (134) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (The following tables present the changes in redeemable noncontrolling interests by af) Tj ET Q
q 0 0 0 rg BT 409.33 741.75 Td (filiate \(exclusive of management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (equity plans\):) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 703.65 m
300 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 703.65 m
304 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304 703.65 m
364 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364 703.65 m
368 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 703.65 m
434 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434 703.65 m
438 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 703.65 m
498 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
498 703.65 m
502 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 703.65 m
561 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 677.65 m
236 677.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 677.65 m
300 677.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 677.65 m
561 677.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 677.65 m
236 677.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 677.65 m
300 677.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304 677.65 m
364 677.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 677.65 m
434 677.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 677.65 m
498 677.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 677.65 m
561 677.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 576.65 m
236 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 576.65 m
300 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304 576.65 m
364 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 576.65 m
434 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 576.65 m
498 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 576.65 m
561 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304 576.65 m
364 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 576.65 m
434 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 576.65 m
498 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 576.65 m
561 576.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 436.65 m
236 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 436.65 m
300 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304 436.65 m
364 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 436.65 m
434 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 436.65 m
498 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 436.65 m
561 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 436.65 m
236 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 436.65 m
300 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304 436.65 m
364 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 436.65 m
434 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 436.65 m
498 436.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 281.65 m
236 281.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 281.65 m
300 281.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304 281.65 m
364 281.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 281.65 m
434 281.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 281.65 m
236 281.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 266.65 m
236 266.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240 266.65 m
300 266.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304 281.65 m
364 281.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
304 266.65 m
364 266.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 281.65 m
434 281.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
368 266.65 m
434 266.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 281.65 m
498 281.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 266.65 m
498 266.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 281.65 m
561 281.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 266.65 m
561 266.65 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 323.00 708.42 Td (Redeemable noncontrolling interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.75 692.92 Td (EnT) Tj ET Q
q 0 0 0 rg BT 270.64 692.92 Td (rust) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 255.20 682.42 Td (Global) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 317.75 692.92 Td (Clarion) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 316.25 682.42 Td (Partners) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.45 692.92 Td (RARE) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 371.90 682.42 Td (Infrastructure) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.50 682.42 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 520.25 682.42 Td (T) Tj ET Q
q 0 0 0 rg BT 525.93 682.42 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 667.42 Td (Balance as of March 31, 2017) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 242.50 667.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.85 667.42 Td (404,852) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.50 667.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.85 667.42 Td (1) Tj ET Q
q 0 0 0 rg BT 331.10 667.42 Td (13,173) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.50 667.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.10 667.42 Td (68,747) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 667.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 667.42 Td (4,482) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 667.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.85 667.42 Td (591,254) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 651.92 Td (Net income \(loss\) attributable to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 641.42 Td (noncontrolling interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.10 641.42 Td (19,709) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.10 641.42 Td (13,172) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.35 641.42 Td (3,474) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.75 641.42 Td (\(139) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 641.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.10 641.42 Td (36,216) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 626.42 Td (Subscriptions \(redemptions\), net) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 626.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.50 626.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.50 626.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.85 626.42 Td (\(2,693) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 626.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.85 626.42 Td (\(2,693) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 626.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 611.42 Td (Distributions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 263.60 611.42 Td (\(37,677) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 296.00 611.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 327.60 611.42 Td (\(1) Tj ET Q
q 0 0 0 rg BT 336.35 611.42 Td (1,253) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.00 611.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.85 611.42 Td (\(4,317) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.00 611.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.75 611.42 Td (\(141) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 611.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.60 611.42 Td (\(53,388) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 611.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 596.42 Td (Foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 596.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.50 596.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.25 596.42 Td (381) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 596.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.25 596.42 Td (381) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 581.42 Td (Change in estimated redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 581.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.35 581.42 Td (2,180) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.50 581.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 581.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.35 581.42 Td (2,180) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 566.42 Td (Balance as of March 31, 2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.85 566.42 Td (386,884) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.85 566.42 Td (1) Tj ET Q
q 0 0 0 rg BT 331.10 566.42 Td (17,272) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.10 566.42 Td (68,285) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 566.42 Td (1,509) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.85 566.42 Td (573,950) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 551.87 Td (Net income \(loss\) attributable to) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 541.37 Td (noncontrolling interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 272.35 541.42 Td (9,735) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.10 541.42 Td (16,127) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.35 541.42 Td (1,660) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.75 541.42 Td (\(269) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 541.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.10 541.42 Td (27,253) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 526.42 Td (Distributions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 263.60 526.42 Td (\(15,935) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 296.00 526.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 327.60 526.42 Td (\(1) Tj ET Q
q 0 0 0 rg BT 336.35 526.42 Td (1,734) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.00 526.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.85 526.42 Td (\(2,134) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.00 526.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 480.00 526.42 Td (\(12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 526.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.60 526.42 Td (\(29,815) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 526.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 511.87 Td (Settlement of af) Tj ET Q
q 0 0 0 rg BT 119.47 511.87 Td (filiate noncontrolling) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 501.37 Td (interest put:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 486.42 Td (Payment) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 486.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.50 486.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 397.60 486.42 Td (\(15,547) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.00 486.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 486.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.60 486.42 Td (\(15,547) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 486.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 471.42 Td (Change in redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 471.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.50 471.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 397.60 471.42 Td (\(12,345) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.00 471.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 471.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.60 471.42 Td (\(12,345) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 471.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 456.42 Td (Foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 456.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.50 456.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.85 456.42 Td (\(4,738) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.00 456.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 456.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.85 456.42 Td (\(4,738) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 456.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 441.42 Td (Change in estimated redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 441.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.35 441.42 Td (1,837) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.50 441.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 441.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.35 441.42 Td (1,837) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 426.42 Td (Balance as of March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 261.85 426.42 Td (380,684) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 325.85 426.42 Td (123,502) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.10 426.42 Td (35,181) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 470.35 426.42 Td (1,228) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.85 426.42 Td (540,595) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 411.87 Td (Net income attributable to noncontrolling) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 401.37 Td (interests) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.10 402.42 Td (14,636) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.10 402.42 Td (19,518) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.25 402.42 Td (106) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 402.42 Td (62) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.10 402.42 Td (34,322) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 387.42 Td (Business acquisition) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 387.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.50 387.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.50 387.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.10 387.42 Td (1) Tj ET Q
q 0 0 0 rg BT 470.35 387.42 Td (1,715) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.10 387.42 Td (1) Tj ET Q
q 0 0 0 rg BT 533.35 387.42 Td (1,715) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 372.42 Td (Distributions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 263.60 372.42 Td (\(16,230) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 296.00 372.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 327.60 372.42 Td (\(14,310) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.00 372.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.50 372.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.25 372.42 Td (\(2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 372.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.60 372.42 Td (\(30,542) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 372.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 356.92 Td (Purchase of af) Tj ET Q
q 0 0 0 rg BT 112.46 356.92 Td (filiate noncontrolling) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.50 346.42 Td (interest:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 331.42 Td (Payment \(fair value portion\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 331.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.50 331.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.85 331.42 Td (\(8,789) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.00 331.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 331.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.85 331.42 Td (\(8,789) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 331.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.50 316.42 Td (Change in redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 316.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.50 316.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 397.60 316.42 Td (\(25,708) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.00 316.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 316.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.60 316.42 Td (\(25,708) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 316.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 301.42 Td (Foreign exchange) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 301.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.50 301.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 410.75 301.42 Td (\(790) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 430.00 301.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 474.75 301.42 Td (\(281) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.00 301.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.85 301.42 Td (\(1,071) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.00 301.42 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 286.42 Td (Change in estimated redemption value) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 285.50 286.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 336.35 286.42 Td (4,900) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.50 286.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 483.50 286.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.35 286.42 Td (4,900) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 271.44 Td (Balance as of Mar) Tj ET Q
q 0 0 0 rg BT 133.67 271.44 Td (ch 31, 2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 242.50 271.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 261.85 271.44 Td (379,090) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 306.50 271.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 325.85 271.44 Td (133,610) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 370.50 271.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 419.50 271.44 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 440.50 271.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 465.10 271.44 Td (12,722) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 504.50 271.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 522.85 271.44 Td (525,422) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 241.95 Td (Redeemable ) Tj ET Q
q 0 0 0 rg BT 104.04 241.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 168.01 241.95 Td (interests ) Tj ET Q
q 0 0 0 rg BT 205.15 241.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 216.04 241.95 Td (35%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 235.29 241.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 237.43 241.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.32 241.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.30 241.95 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 314.44 241.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 342.83 241.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 353.73 241.95 Td (EnT) Tj ET Q
q 0 0 0 rg BT 371.44 241.95 Td (rust ) Tj ET Q
q 0 0 0 rg BT 389.33 241.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 420.06 241.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.36 241.95 Td (18%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.61 241.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 458.75 241.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 469.65 241.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 484.62 241.95 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 535.76 241.95 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 229.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.35 229.35 Td (Clarion ) Tj ET Q
q 0 0 0 rg BT 93.45 229.35 Td (Partners ) Tj ET Q
q 0 0 0 rg BT 129.46 229.35 Td (can ) Tj ET Q
q 0 0 0 rg BT 145.64 229.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 157.15 229.35 Td (put ) Tj ET Q
q 0 0 0 rg BT 172.17 229.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 184.27 229.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 198.71 229.35 Td (holders ) Tj ET Q
q 0 0 0 rg BT 231.22 229.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 241.57 229.35 Td (called ) Tj ET Q
q 0 0 0 rg BT 268.24 229.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 280.34 229.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 303.52 229.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 333.71 229.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 347.56 229.35 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 392.32 229.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 401.50 229.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 417.67 229.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 442.01 229.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 473.36 229.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 483.13 229.35 Td (various ) Tj ET Q
q 0 0 0 rg BT 515.65 229.35 Td (conditions, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 216.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 91.60 216.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.37 216.75 Td (passage ) Tj ET Q
q 0 0 0 rg BT 140.97 216.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 151.65 216.75 Td (time. ) Tj ET Q
q 0 0 0 rg BT 174.88 216.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 176.68 216.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 194.95 216.75 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 232.47 216.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 246.65 216.75 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 310.42 216.75 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 349.98 216.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 358.33 216.75 Td (reported ) Tj ET Q
q 0 0 0 rg BT 395.26 216.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 404.78 216.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 421.29 216.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 445.97 216.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 456.07 216.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.84 216.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 528.20 216.75 Td (Balance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 204.15 Td (Sheets, ) Tj ET Q
q 0 0 0 rg BT 82.04 204.15 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 110.84 204.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 125.67 204.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 146.32 204.15 Td (business ) Tj ET Q
q 0 0 0 rg BT 183.91 204.15 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 227.30 204.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 252.03 204.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 262.78 204.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 277.60 204.15 Td (combined ) Tj ET Q
q 0 0 0 rg BT 321.00 204.15 Td (entity) Tj ET Q
q 0 0 0 rg BT 344.23 204.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 348.85 204.15 Td (after ) Tj ET Q
q 0 0 0 rg BT 370.08 204.15 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 419.89 204.15 Td (discounts ) Tj ET Q
q 0 0 0 rg BT 461.55 204.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 475.79 204.15 Td (lack ) Tj ET Q
q 0 0 0 rg BT 495.27 204.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 506.02 204.15 Td (marketability ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 191.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.79 191.55 Td (control.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 166.35 Td (On ) Tj ET Q
q 0 0 0 rg BT 65.55 166.35 Td (May ) Tj ET Q
q 0 0 0 rg BT 87.50 166.35 Td (10, ) Tj ET Q
q 0 0 0 rg BT 103.34 166.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 129.68 166.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 153.97 166.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 185.26 166.35 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 230.54 166.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 246.08 166.35 Td (15%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 265.33 166.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 268.04 166.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 297.00 166.35 Td (interest ) Tj ET Q
q 0 0 0 rg BT 330.62 166.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 341.50 166.35 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 372.21 166.35 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 432.06 166.35 Td (held ) Tj ET Q
q 0 0 0 rg BT 452.85 166.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 466.06 166.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 481.60 166.35 Td (firm's ) Tj ET Q
q 0 0 0 rg BT 508.37 166.35 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 153.75 Td (team ) Tj ET Q
q 0 0 0 rg BT 73.19 153.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 88.22 153.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 109.67 153.75 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 169.03 153.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.56 153.75 Td ($21,988) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 214.68 153.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 220.10 153.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 222.68 153.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 241.79 153.75 Td (initial ) Tj ET Q
q 0 0 0 rg BT 269.08 153.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 290.52 153.75 Td (payment ) Tj ET Q
q 0 0 0 rg BT 329.46 153.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.00 153.75 Td ($1) Tj ET Q
q 0 0 0 rg BT 351.11 153.75 Td (1,967) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.73 153.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 380.15 153.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 408.59 153.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 447.54 153.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 478.89 153.75 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 522.50 153.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 533.46 153.75 Td (arrears ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 141.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.72 141.15 Td ($1,759) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.59 141.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 96.18 141.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 115.48 141.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 136.53 141.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 150.00 141.15 Td (May ) Tj ET Q
q 0 0 0 rg BT 172.21 141.15 Td (10, ) Tj ET Q
q 0 0 0 rg BT 188.31 141.15 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 214.90 141.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 217.87 141.15 Td (One-half ) Tj ET Q
q 0 0 0 rg BT 258.15 141.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.87 141.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 285.67 141.15 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 331.21 141.15 Td (balance ) Tj ET Q
q 0 0 0 rg BT 366.23 141.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 385.53 141.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 406.58 141.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 417.72 141.15 Td (May ) Tj ET Q
q 0 0 0 rg BT 439.93 141.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 463.90 141.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 482.03 141.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 497.83 141.15 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 543.37 141.15 Td (one-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 128.55 Td (half ) Tj ET Q
q 0 0 0 rg BT 68.82 128.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 87.65 128.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 100.06 128.55 Td (due ) Tj ET Q
q 0 0 0 rg BT 117.71 128.55 Td (two ) Tj ET Q
q 0 0 0 rg BT 135.96 128.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 160.61 128.55 Td (after ) Tj ET Q
q 0 0 0 rg BT 182.34 128.55 Td (closing, ) Tj ET Q
q 0 0 0 rg BT 217.79 128.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 250.03 128.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 260.69 128.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 291.75 128.55 Td (conditions. ) Tj ET Q
q 0 0 0 rg BT 340.62 128.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 342.94 128.55 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.76 128.55 Td ($1) Tj ET Q
q 0 0 0 rg BT 371.87 128.55 Td (1,440) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 395.49 128.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 397.99 128.55 Td (dif) Tj ET Q
q 0 0 0 rg BT 409.46 128.55 Td (ference ) Tj ET Q
q 0 0 0 rg BT 442.84 128.55 Td (between ) Tj ET Q
q 0 0 0 rg BT 480.32 128.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 495.65 128.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 512.71 128.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 537.95 128.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.19 128.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 115.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 114.20 115.95 Td (interest ) Tj ET Q
q 0 0 0 rg BT 147.47 115.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 160.34 115.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 175.54 115.95 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 221.06 115.95 Td (date ) Tj ET Q
q 0 0 0 rg BT 240.92 115.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 258.45 115.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 273.64 115.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 294.68 115.95 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 353.61 115.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 371.14 115.95 Td (\(excluding ) Tj ET Q
q 0 0 0 rg BT 418.41 115.95 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 461.61 115.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 472.15 115.95 Td (arrears\) ) Tj ET Q
q 0 0 0 rg BT 506.57 115.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 525.27 115.95 Td (recorded ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 103.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.76 103.35 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 125.43 103.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 143.60 103.35 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 179.85 103.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 191.03 103.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 206.87 103.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 227.95 103.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 256.03 103.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 286.45 103.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 302.58 103.35 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 329.22 103.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 332.01 103.35 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.35 103.35 Td ($25,708) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.47 103.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 388.48 103.35 Td (dif) Tj ET Q
q 0 0 0 rg BT 399.96 103.35 Td (ference ) Tj ET Q
q 0 0 0 rg BT 433.85 103.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 471.85 103.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.69 103.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 505.27 103.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 531.02 103.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.19 103.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 90.75 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 88.14 90.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 114.04 90.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.95 90.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.93 90.75 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 206.92 90.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 240.99 90.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 252.89 90.75 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 258.14 90.75 Td (34,497) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.02 90.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 290.18 90.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 303.84 90.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 319.83 90.75 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 366.14 90.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 386.79 90.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 406.28 90.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 446.16 90.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 458.07 90.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 471.14 90.75 Td (increase ) Tj ET Q
q 0 0 0 rg BT 508.69 90.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 520.02 90.75 Td (additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 78.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 70.95 78.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 81.99 78.15 Td (capital. ) Tj ET Q
q 0 0 0 rg BT 115.27 78.15 Td (This ) Tj ET Q
q 0 0 0 rg BT 136.81 78.15 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 176.99 78.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 196.20 78.15 Td (part ) Tj ET Q
q 0 0 0 rg BT 215.39 78.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 227.01 78.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 251.46 78.15 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 288.89 78.15 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 327.33 78.15 Td (restructuring, ) Tj ET Q
q 0 0 0 rg BT 386.48 78.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 398.10 78.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 429.54 78.15 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 472.66 78.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 483.70 78.15 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 506.99 78.15 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.49 78.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 522.98 78.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 534.02 78.15 Td (pursue ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 65.55 Td (operational ) Tj ET Q
q 0 0 0 rg BT 101.64 65.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 109.61 65.55 Td (ficiencies ) Tj ET Q
q 0 0 0 rg BT 154.25 65.55 Td (between ) Tj ET Q
q 0 0 0 rg BT 193.65 65.55 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 226.07 65.55 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 287.61 65.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 307.19 65.55 Td (ClearBridge ) Tj ET Q
q 0 0 0 rg BT 362.92 65.55 Td (intended ) Tj ET Q
q 0 0 0 rg BT 403.49 65.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 416.07 65.55 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 448.46 65.55 Td (costs ) Tj ET Q
q 0 0 0 rg BT 473.87 65.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 493.45 65.55 Td (enhance ) Tj ET Q
q 0 0 0 rg BT 532.25 65.55 Td (growth ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 52.95 Td (opportunities ) Tj ET Q
q 0 0 0 rg BT 108.04 52.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 122.91 52.95 Td (both ) Tj ET Q
q 0 0 0 rg BT 144.20 52.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 155.57 52.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.02 52.95 Td (businesses.) Tj ET Q
endstream
endobj
275 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 276 0 R>>
endobj
276 0 obj
<</Length 37916>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (135) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (On ) Tj ET Q
q 0 0 0 rg BT 66.36 729.15 Td (July ) Tj ET Q
q 0 0 0 rg BT 87.39 729.15 Td (2, ) Tj ET Q
q 0 0 0 rg BT 98.80 729.15 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 125.95 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 142.31 729.15 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 185.48 729.15 Td (minority ) Tj ET Q
q 0 0 0 rg BT 225.18 729.15 Td (owner ) Tj ET Q
q 0 0 0 rg BT 254.94 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.22 729.15 Td (RARE ) Tj ET Q
q 0 0 0 rg BT 298.75 729.15 Td (Infrastructure ) Tj ET Q
q 0 0 0 rg BT 359.42 729.15 Td (exercised ) Tj ET Q
q 0 0 0 rg BT 402.59 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.95 729.15 Td (put ) Tj ET Q
q 0 0 0 rg BT 435.89 729.15 Td (option ) Tj ET Q
q 0 0 0 rg BT 466.26 729.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 482.03 729.15 Td (its ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.48 729.15 Td (10%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 514.73 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 518.25 729.15 Td (ownership ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.55 Td (interest. ) Tj ET Q
q 0 0 0 rg BT 87.17 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 90.55 716.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 110.52 716.55 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 157.32 716.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 183.70 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 196.08 716.55 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 201.33 716.55 Td (15,547) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 230.21 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 233.85 716.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 253.82 716.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 281.37 716.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 295.51 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 311.98 716.55 Td (midpoint ) Tj ET Q
q 0 0 0 rg BT 353.54 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.93 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 382.40 716.55 Td (valuations ) Tj ET Q
q 0 0 0 rg BT 429.20 716.55 Td (determined ) Tj ET Q
q 0 0 0 rg BT 480.08 716.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 494.22 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 510.69 716.55 Td (independent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 703.95 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 92.22 703.95 Td (experts ) Tj ET Q
q 0 0 0 rg BT 125.68 703.95 Td (appointed ) Tj ET Q
q 0 0 0 rg BT 170.23 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 183.87 703.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 208.58 703.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 240.31 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 258.61 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.58 703.95 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 317.37 703.95 Td (minority ) Tj ET Q
q 0 0 0 rg BT 356.67 703.95 Td (owner ) Tj ET Q
q 0 0 0 rg BT 386.06 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 404.36 703.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 423.83 703.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 445.05 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 458.69 703.95 Td (October ) Tj ET Q
q 0 0 0 rg BT 495.65 703.95 Td (10, ) Tj ET Q
q 0 0 0 rg BT 511.92 703.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 538.68 703.95 Td (along ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 691.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 72.35 691.35 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 77.60 691.35 Td (981) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 93.35 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 97.02 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 109.45 691.35 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 153.96 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 165.80 691.35 Td (arrears. ) Tj ET Q
q 0 0 0 rg BT 200.66 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 204.07 691.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 224.07 691.35 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 229.32 691.35 Td (12,345) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 258.20 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 261.88 691.35 Td (dif) Tj ET Q
q 0 0 0 rg BT 273.35 691.35 Td (ference ) Tj ET Q
q 0 0 0 rg BT 307.91 691.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 346.57 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.08 691.35 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 409.91 691.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 436.33 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 455.17 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 471.67 691.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 510.33 691.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 536.75 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.17 691.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 678.75 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 114.45 678.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 147.98 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 159.36 678.75 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 164.61 678.75 Td (27,892) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 193.48 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 196.11 678.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 209.23 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 224.68 678.75 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 270.46 678.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 290.58 678.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 309.53 678.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 348.88 678.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 360.26 678.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 372.79 678.75 Td (increase ) Tj ET Q
q 0 0 0 rg BT 409.81 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 420.60 678.75 Td (additional ) Tj ET Q
q 0 0 0 rg BT 465.22 678.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 485.92 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 496.71 678.75 Td (capital. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 653.55 Td (17) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.50 653.55 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.50 653.55 Td (Derivatives ) Tj ET Q
q 0 0 0 rg BT 118.86 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 138.41 653.55 Td (Hedging) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 176.34 653.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 628.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.75 628.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 104.52 628.35 Td (uses ) Tj ET Q
q 0 0 0 rg BT 124.78 628.35 Td (currency ) Tj ET Q
q 0 0 0 rg BT 163.68 628.35 Td (forwards ) Tj ET Q
q 0 0 0 rg BT 203.18 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 213.53 628.35 Td (economically ) Tj ET Q
q 0 0 0 rg BT 272.27 628.35 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 299.52 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 314.53 628.35 Td (risk ) Tj ET Q
q 0 0 0 rg BT 332.46 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 343.38 628.35 Td (movements ) Tj ET Q
q 0 0 0 rg BT 393.97 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 404.32 628.35 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 446.14 628.35 Td (rates, ) Tj ET Q
q 0 0 0 rg BT 470.77 628.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 512.02 628.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 549.18 628.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 615.75 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 70.75 615.75 Td (dollar) Tj ET Q
q 0 0 0 rg BT 94.83 615.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 99.53 615.75 Td (British ) Tj ET Q
q 0 0 0 rg BT 130.20 615.75 Td (pound, ) Tj ET Q
q 0 0 0 rg BT 160.70 615.75 Td (Australian ) Tj ET Q
q 0 0 0 rg BT 206.52 615.75 Td (dollar) Tj ET Q
q 0 0 0 rg BT 230.59 615.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 235.30 615.75 Td (Singapore ) Tj ET Q
q 0 0 0 rg BT 279.96 615.75 Td (dollar) Tj ET Q
q 0 0 0 rg BT 304.03 615.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 308.74 615.75 Td (Japanese ) Tj ET Q
q 0 0 0 rg BT 348.13 615.75 Td (yen, ) Tj ET Q
q 0 0 0 rg BT 368.00 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 385.24 615.75 Td (euro. ) Tj ET Q
q 0 0 0 rg BT 408.61 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 410.23 615.75 Td (All ) Tj ET Q
q 0 0 0 rg BT 425.73 615.75 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 469.79 615.75 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 522.03 615.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 536.35 615.75 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.66 603.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 104.32 603.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 120.40 603.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 151.05 603.15 Td (legally ) Tj ET Q
q 0 0 0 rg BT 181.71 603.15 Td (enforceable ) Tj ET Q
q 0 0 0 rg BT 232.75 603.15 Td (rights ) Tj ET Q
q 0 0 0 rg BT 258.76 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.58 603.15 Td (setof) Tj ET Q
q 0 0 0 rg BT 289.81 603.15 Td (f ) Tj ET Q
q 0 0 0 rg BT 295.39 603.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 310.29 603.15 Td (governed ) Tj ET Q
q 0 0 0 rg BT 351.44 603.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 364.02 603.15 Td (International ) Tj ET Q
q 0 0 0 rg BT 419.75 603.15 Td (Swaps ) Tj ET Q
q 0 0 0 rg BT 449.25 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 466.50 603.15 Td (Derivative ) Tj ET Q
q 0 0 0 rg BT 512.43 603.15 Td (Association ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 590.55 Td (\("ISDA"\) ) Tj ET Q
q 0 0 0 rg BT 92.74 590.55 Td (Master ) Tj ET Q
q 0 0 0 rg BT 123.98 590.55 Td (Agreements. ) Tj ET Q
q 0 0 0 rg BT 180.01 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 182.68 590.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 199.94 590.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 224.18 590.55 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 268.84 590.55 Td (transactions, ) Tj ET Q
q 0 0 0 rg BT 324.29 590.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 348.53 590.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 379.79 590.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 396.46 590.55 Td (one ) Tj ET Q
q 0 0 0 rg BT 414.29 590.55 Td (ISDA) Tj ET Q
q 0 0 0 rg BT 438.21 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 440.88 590.55 Td (Master ) Tj ET Q
q 0 0 0 rg BT 472.12 590.55 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 521.44 590.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 542.78 590.55 Td (each ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.90 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.89 577.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 122.37 577.95 Td (counterparties, ) Tj ET Q
q 0 0 0 rg BT 186.63 577.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 214.45 577.95 Td (covers ) Tj ET Q
q 0 0 0 rg BT 244.01 577.95 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 296.32 577.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 317.14 577.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 335.05 577.95 Td (counterparty) Tj ET Q
q 0 0 0 rg BT 387.42 577.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 392.21 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 394.36 577.95 Td (Each ) Tj ET Q
q 0 0 0 rg BT 417.51 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 428.41 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.40 577.95 Td (respective ) Tj ET Q
q 0 0 0 rg BT 488.11 577.95 Td (ISDA) Tj ET Q
q 0 0 0 rg BT 512.04 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 514.19 577.95 Td (agreements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 565.35 Td (provides ) Tj ET Q
q 0 0 0 rg BT 88.41 565.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 102.90 565.35 Td (legally ) Tj ET Q
q 0 0 0 rg BT 133.72 565.35 Td (enforceable ) Tj ET Q
q 0 0 0 rg BT 184.93 565.35 Td (settlement ) Tj ET Q
q 0 0 0 rg BT 230.34 565.35 Td (netting ) Tj ET Q
q 0 0 0 rg BT 261.75 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 279.16 565.35 Td (close-out ) Tj ET Q
q 0 0 0 rg BT 319.90 565.35 Td (netting ) Tj ET Q
q 0 0 0 rg BT 351.31 565.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 388.54 565.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 412.36 565.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 443.19 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 460.60 565.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 478.59 565.35 Td (counterparty) Tj ET Q
q 0 0 0 rg BT 530.97 565.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 535.84 565.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 538.09 565.35 Td (Other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 552.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 77.09 552.75 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 116.41 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 127.18 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 142.60 552.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 200.61 552.75 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 237.02 552.75 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 267.03 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 278.37 552.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.72 552.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 319.72 552.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 335.44 552.75 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 356.44 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 359.03 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 376.79 552.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 403.01 552.75 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.01 552.75 Td ($4,716) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.88 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 457.48 552.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.23 552.75 Td ($4,183) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.11 552.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 509.33 552.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.38 552.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 564.63 552.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 540.15 Td (Other ) Tj ET Q
q 0 0 0 rg BT 77.00 540.15 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 119.17 540.15 Td (recorded ) Tj ET Q
q 0 0 0 rg BT 158.99 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 170.25 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.17 540.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 244.68 540.15 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 281.58 540.15 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 312.09 540.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 323.93 540.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 335.77 540.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 366.27 540.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 382.49 540.15 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 403.49 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 406.58 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 424.83 540.15 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 451.55 540.15 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.04 540.15 Td ($13,872) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.17 540.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 512.26 540.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.52 540.15 Td ($7,579) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.39 540.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 527.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 100.05 527.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 502.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.81 502.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 106.64 502.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 126.79 502.35 Td (uses ) Tj ET Q
q 0 0 0 rg BT 148.11 502.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 180.50 502.35 Td (hedges ) Tj ET Q
q 0 0 0 rg BT 212.90 502.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 226.64 502.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 258.44 502.35 Td (seed ) Tj ET Q
q 0 0 0 rg BT 280.34 502.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 311.56 502.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 364.96 502.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 378.70 502.35 Td (entering ) Tj ET Q
q 0 0 0 rg BT 416.34 502.35 Td (into ) Tj ET Q
q 0 0 0 rg BT 435.92 502.35 Td (futures ) Tj ET Q
q 0 0 0 rg BT 468.31 502.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 509.45 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 520.86 502.35 Td (sell ) Tj ET Q
q 0 0 0 rg BT 538.68 502.35 Td (index ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 489.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 75.25 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 92.34 489.75 Td (treasuries ) Tj ET Q
q 0 0 0 rg BT 134.49 489.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 152.16 489.75 Td (benchmark ) Tj ET Q
q 0 0 0 rg BT 200.73 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 215.47 489.75 Td (hedged ) Tj ET Q
q 0 0 0 rg BT 247.72 489.75 Td (seed ) Tj ET Q
q 0 0 0 rg BT 268.30 489.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 298.20 489.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 350.29 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 367.37 489.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 383.29 489.75 Td (entered ) Tj ET Q
q 0 0 0 rg BT 416.11 489.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 434.36 489.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 454.95 489.75 Td (return ) Tj ET Q
q 0 0 0 rg BT 481.94 489.75 Td (swap ) Tj ET Q
q 0 0 0 rg BT 505.44 489.75 Td (arrangements ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 477.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 71.29 477.15 Td (respect ) Tj ET Q
q 0 0 0 rg BT 103.65 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 114.44 477.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 145.63 477.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 169.83 477.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 201.04 477.15 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 246.24 477.15 Td (ETFs, ) Tj ET Q
q 0 0 0 rg BT 274.25 477.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 285.62 477.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 316.81 477.15 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 359.69 477.15 Td (below) Tj ET Q
q 0 0 0 rg BT 384.67 477.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 451.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.93 451.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 106.86 451.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 124.21 451.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 140.98 451.95 Td (designated ) Tj ET Q
q 0 0 0 rg BT 189.23 451.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 207.75 451.95 Td (derivatives ) Tj ET Q
q 0 0 0 rg BT 257.17 451.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 269.26 451.95 Td (hedging ) Tj ET Q
q 0 0 0 rg BT 306.44 451.95 Td (instruments ) Tj ET Q
q 0 0 0 rg BT 358.79 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 374.39 451.95 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 423.81 451.95 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 464.49 451.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 495.26 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 511.44 451.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 536.94 451.95 Td (ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 439.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 80.15 439.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 96.01 439.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 122.38 439.35 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 148.75 439.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 160.23 439.35 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 186.60 439.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 188.74 439.35 Td (As ) Tj ET Q
q 0 0 0 rg BT 203.15 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 214.64 439.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 244.78 439.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 260.65 439.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 287.02 439.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 311.33 439.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 342.66 439.35 Td (had ) Tj ET Q
q 0 0 0 rg BT 360.56 439.35 Td (open ) Tj ET Q
q 0 0 0 rg BT 383.71 439.35 Td (currency ) Tj ET Q
q 0 0 0 rg BT 423.18 439.35 Td (forward ) Tj ET Q
q 0 0 0 rg BT 459.15 439.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 499.80 439.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 521.21 439.35 Td (aggregate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 426.75 Td (notional ) Tj ET Q
q 0 0 0 rg BT 86.71 426.75 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 124.58 426.75 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 158.95 426.75 Td ($323,031) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 198.33 426.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 203.24 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 220.70 426.75 Td (open ) Tj ET Q
q 0 0 0 rg BT 243.40 426.75 Td (futures ) Tj ET Q
q 0 0 0 rg BT 274.85 426.75 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 315.04 426.75 Td (relating ) Tj ET Q
q 0 0 0 rg BT 349.40 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 359.86 426.75 Td (seed ) Tj ET Q
q 0 0 0 rg BT 380.81 426.75 Td (capital ) Tj ET Q
q 0 0 0 rg BT 411.09 426.75 Td (investments ) Tj ET Q
q 0 0 0 rg BT 463.54 426.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 484.50 426.75 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 527.60 426.75 Td (notional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 414.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 88.02 414.15 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 122.55 414.15 Td ($74,988) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 156.67 414.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 161.56 414.15 Td (W) Tj ET Q
q 0 0 0 rg BT 171.05 414.15 Td (ith ) Tj ET Q
q 0 0 0 rg BT 184.58 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.85 414.15 Td (exception ) Tj ET Q
q 0 0 0 rg BT 243.11 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.30 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 269.57 414.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 290.67 414.15 Td (return ) Tj ET Q
q 0 0 0 rg BT 318.18 414.15 Td (swap ) Tj ET Q
q 0 0 0 rg BT 342.21 414.15 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 401.21 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 418.81 414.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 449.81 414.15 Td (futures ) Tj ET Q
q 0 0 0 rg BT 481.41 414.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 521.75 414.15 Td (discussed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 401.55 Td (below) Tj ET Q
q 0 0 0 rg BT 74.98 401.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 79.63 401.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 103.24 401.55 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 140.85 401.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 155.70 401.55 Td (representative ) Tj ET Q
q 0 0 0 rg BT 216.62 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 227.39 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 242.25 401.55 Td (level ) Tj ET Q
q 0 0 0 rg BT 264.69 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 275.46 401.55 Td (non-hedge ) Tj ET Q
q 0 0 0 rg BT 321.81 401.55 Td (designation ) Tj ET Q
q 0 0 0 rg BT 372.25 401.55 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 416.26 401.55 Td (activity ) Tj ET Q
q 0 0 0 rg BT 449.79 401.55 Td (throughout ) Tj ET Q
q 0 0 0 rg BT 497.90 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.76 401.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 536.94 401.55 Td (ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 388.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 79.08 388.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 93.88 388.95 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 119.19 388.95 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 144.49 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 161.33 388.95 Td (2017. ) Tj ET Q
q 0 0 0 rg BT 186.63 388.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 187.94 388.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 201.29 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 211.71 388.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 240.79 388.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 255.60 388.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 280.90 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 295.40 388.95 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 371.71 388.95 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 415.95 388.95 Td (contract ) Tj ET Q
q 0 0 0 rg BT 451.45 388.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 476.45 388.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 490.37 388.95 Td (currency ) Tj ET Q
q 0 0 0 rg BT 528.78 388.95 Td (forward ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 376.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 90.52 376.35 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 109.48 376.35 Td (six ) Tj ET Q
q 0 0 0 rg BT 124.36 376.35 Td (months) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 155.28 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.91 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 175.69 376.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 190.56 376.35 Td (futures ) Tj ET Q
q 0 0 0 rg BT 222.34 376.35 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 262.87 376.35 Td (relating ) Tj ET Q
q 0 0 0 rg BT 297.56 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 308.35 376.35 Td (seed ) Tj ET Q
q 0 0 0 rg BT 329.64 376.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 360.25 376.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 413.04 376.35 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 431.99 376.35 Td (three ) Tj ET Q
q 0 0 0 rg BT 455.60 376.35 Td (months) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.52 376.35 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 351.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.53 351.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 106.06 351.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 123.01 351.15 Td (entered ) Tj ET Q
q 0 0 0 rg BT 156.86 351.15 Td (into ) Tj ET Q
q 0 0 0 rg BT 176.15 351.15 Td (various ) Tj ET Q
q 0 0 0 rg BT 210.02 351.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 231.63 351.15 Td (return ) Tj ET Q
q 0 0 0 rg BT 259.66 351.15 Td (swap ) Tj ET Q
q 0 0 0 rg BT 284.19 351.15 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 343.70 351.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 365.32 351.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 405.01 351.15 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 468.02 351.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 489.64 351.15 Td (respect ) Tj ET Q
q 0 0 0 rg BT 522.32 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 533.45 351.15 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 338.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.20 338.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.40 338.55 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 150.60 338.55 Td (ETFs, ) Tj ET Q
q 0 0 0 rg BT 178.60 338.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 206.88 338.55 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 242.74 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 253.53 338.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 306.32 338.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 319.44 338.55 Td (each ) Tj ET Q
q 0 0 0 rg BT 341.29 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 352.66 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 368.11 338.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 407.46 338.55 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 470.14 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 480.93 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.38 338.55 Td (respective ) Tj ET Q
q 0 0 0 rg BT 541.56 338.55 Td (ETF) Tj ET Q
q 0 0 0 rg BT 559.39 338.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 564.64 338.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 325.95 Td (Under ) Tj ET Q
q 0 0 0 rg BT 78.41 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.40 325.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 118.89 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 129.80 325.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 151.20 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.11 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 177.11 325.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 197.93 325.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 225.17 325.95 Td (swap ) Tj ET Q
q 0 0 0 rg BT 248.92 325.95 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 310.26 325.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 334.00 325.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 364.75 325.95 Td (receives ) Tj ET Q
q 0 0 0 rg BT 401.31 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 416.30 325.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 447.03 325.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 495.27 325.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 519.60 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 536.93 325.95 Td (losses ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 313.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 63.04 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.41 313.35 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 126.44 313.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 155.22 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 166.50 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.87 313.35 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 203.08 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 220.78 313.35 Td (pays ) Tj ET Q
q 0 0 0 rg BT 242.56 313.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 249.76 313.35 Td (floating ) Tj ET Q
q 0 0 0 rg BT 284.96 313.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 303.24 313.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 316.27 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 331.64 313.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 356.92 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 368.21 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.57 313.35 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 431.60 313.35 Td (shares. ) Tj ET Q
q 0 0 0 rg BT 463.01 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 465.55 313.35 Td (Each ) Tj ET Q
q 0 0 0 rg BT 489.07 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.36 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 515.73 313.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 536.93 313.35 Td (return ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 300.75 Td (swap ) Tj ET Q
q 0 0 0 rg BT 74.53 300.75 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 134.04 300.75 Td (allows ) Tj ET Q
q 0 0 0 rg BT 164.41 300.75 Td (either ) Tj ET Q
q 0 0 0 rg BT 191.26 300.75 Td (party ) Tj ET Q
q 0 0 0 rg BT 215.79 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 226.91 300.75 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 269.51 300.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 282.95 300.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 294.65 300.75 Td (part ) Tj ET Q
q 0 0 0 rg BT 313.93 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 325.63 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.41 300.75 Td (arrangement ) Tj ET Q
q 0 0 0 rg BT 396.83 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 414.94 300.75 Td (provides ) Tj ET Q
q 0 0 0 rg BT 454.05 300.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 469.25 300.75 Td (automatic ) Tj ET Q
q 0 0 0 rg BT 513.60 300.75 Td (termination ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 288.15 Td (upon ) Tj ET Q
q 0 0 0 rg BT 72.70 288.15 Td (occurrence ) Tj ET Q
q 0 0 0 rg BT 120.45 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.89 288.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 161.16 288.15 Td (events. ) Tj ET Q
q 0 0 0 rg BT 192.31 288.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 194.00 288.15 Td (Each ) Tj ET Q
q 0 0 0 rg BT 216.69 288.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 255.12 288.15 Td (intermediary ) Tj ET Q
q 0 0 0 rg BT 310.47 288.15 Td (counterparty ) Tj ET Q
q 0 0 0 rg BT 365.23 288.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 385.00 288.15 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 411.77 288.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 423.40 288.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 443.76 288.15 Td (return ) Tj ET Q
q 0 0 0 rg BT 470.53 288.15 Td (swap ) Tj ET Q
q 0 0 0 rg BT 493.81 288.15 Td (position ) Tj ET Q
q 0 0 0 rg BT 529.35 288.15 Td (through ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 275.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 62.80 275.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 111.76 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 122.81 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.52 275.55 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 160.08 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 178.12 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.84 275.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 233.45 275.55 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 296.40 275.55 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 341.85 275.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 379.73 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 390.78 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 406.49 275.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 437.94 275.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 462.40 275.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 493.87 275.55 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 515.42 275.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 528.81 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 544.52 275.55 Td (date ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.76 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 77.60 262.95 Td (transactions. ) Tj ET Q
q 0 0 0 rg BT 133.39 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 136.19 262.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 155.53 262.95 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 199.35 262.95 Td (notional ) Tj ET Q
q 0 0 0 rg BT 236.77 262.95 Td (amount ) Tj ET Q
q 0 0 0 rg BT 271.28 262.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 286.54 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.38 262.95 Td (two ) Tj ET Q
q 0 0 0 rg BT 321.14 262.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 342.82 262.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 370.90 262.95 Td (swaps ) Tj ET Q
q 0 0 0 rg BT 399.58 262.95 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 451.60 262.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 463.36 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 475.12 262.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 505.53 262.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 521.67 262.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 545.69 262.95 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 250.35 Td ($14,164) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.13 250.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 88.42 250.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 108.76 250.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 115.10 250.35 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 191.40 250.35 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 235.64 250.35 Td (contract ) Tj ET Q
q 0 0 0 rg BT 271.12 250.35 Td (term ) Tj ET Q
q 0 0 0 rg BT 292.04 250.35 Td (of ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 302.46 250.35 Td (six ) Tj ET Q
q 0 0 0 rg BT 315.72 250.35 Td (months) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.17 250.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 349.47 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 351.02 250.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 369.02 250.35 Td (floating ) Tj ET Q
q 0 0 0 rg BT 403.35 250.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 420.76 250.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 440.51 250.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 452.68 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 467.18 250.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 491.59 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 502.01 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 516.52 250.35 Td (underlying ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 237.75 Td (securities ) Tj ET Q
q 0 0 0 rg BT 92.28 237.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 107.15 237.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 120.27 237.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 141.56 237.75 Td (return ) Tj ET Q
q 0 0 0 rg BT 169.25 237.75 Td (swap ) Tj ET Q
q 0 0 0 rg BT 193.46 237.75 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 252.64 237.75 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 304.26 237.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 315.64 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.01 237.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 357.04 237.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 372.79 237.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 396.41 237.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 415.37 237.75 Td (three-month ) Tj ET Q
q 0 0 0 rg BT 469.31 237.75 Td (LIBOR ) Tj ET Q
q 0 0 0 rg BT 503.43 237.75 Td (plus ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.56 237.75 Td (1.6%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 545.43 237.75 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 212.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.37 212.55 Td (connection ) Tj ET Q
q 0 0 0 rg BT 108.05 212.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 128.34 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 142.79 212.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 163.07 212.55 Td (return ) Tj ET Q
q 0 0 0 rg BT 189.76 212.55 Td (swap ) Tj ET Q
q 0 0 0 rg BT 212.96 212.55 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 273.77 212.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 296.96 212.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 327.17 212.55 Td (executed ) Tj ET Q
q 0 0 0 rg BT 366.10 212.55 Td (futures ) Tj ET Q
q 0 0 0 rg BT 396.87 212.55 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 436.39 212.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 456.68 212.55 Td (notional ) Tj ET Q
q 0 0 0 rg BT 492.71 212.55 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 529.92 212.55 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 199.95 Td ($6,128) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 78.88 199.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 81.44 199.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 92.75 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 104.05 199.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 134.02 199.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 149.71 199.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 175.90 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 186.62 199.95 Td (partially ) Tj ET Q
q 0 0 0 rg BT 224.17 199.95 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 251.81 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.20 199.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 291.92 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 309.65 199.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 337.30 199.95 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 385.92 199.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 398.98 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 414.37 199.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 435.59 199.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 463.23 199.95 Td (swaps. ) Tj ET Q
q 0 0 0 rg BT 494.08 199.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 496.46 199.95 Td (These ) Tj ET Q
q 0 0 0 rg BT 524.09 199.95 Td (contracts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 187.35 Td (had ) Tj ET Q
q 0 0 0 rg BT 67.79 187.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 75.07 187.35 Td (weighted-average ) Tj ET Q
q 0 0 0 rg BT 152.32 187.35 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 197.52 187.35 Td (contract ) Tj ET Q
q 0 0 0 rg BT 233.96 187.35 Td (term ) Tj ET Q
q 0 0 0 rg BT 255.82 187.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.19 187.35 Td (three ) Tj ET Q
q 0 0 0 rg BT 290.80 187.35 Td (months) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.73 187.35 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 162.15 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.65 162.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 94.20 162.15 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 136.43 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 146.57 162.15 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 168.97 162.15 Td (20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.47 162.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 184.07 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 198.88 162.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 219.52 162.15 Td (return ) Tj ET Q
q 0 0 0 rg BT 246.58 162.15 Td (swap ) Tj ET Q
q 0 0 0 rg BT 270.14 162.15 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 328.67 162.15 Td (create ) Tj ET Q
q 0 0 0 rg BT 355.71 162.15 Td (variable ) Tj ET Q
q 0 0 0 rg BT 391.50 162.15 Td (interests ) Tj ET Q
q 0 0 0 rg BT 428.48 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 438.63 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 453.44 162.15 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 500.91 162.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 526.22 162.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 540.44 162.15 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 149.55 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 83.24 149.55 Td (and, ) Tj ET Q
q 0 0 0 rg BT 103.05 149.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 111.49 149.55 Td (significant, ) Tj ET Q
q 0 0 0 rg BT 160.47 149.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 184.07 149.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 214.68 149.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 223.71 149.55 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 258.39 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 268.59 149.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 280.53 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 295.38 149.55 Td (primary ) Tj ET Q
q 0 0 0 rg BT 330.65 149.55 Td (beneficiary) Tj ET Q
q 0 0 0 rg BT 377.19 149.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 381.84 149.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 383.42 149.55 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 435.22 149.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 439.88 149.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 463.48 149.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 494.09 149.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 514.20 149.55 Td (consolidate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 136.95 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 71.29 136.95 Td (products ) Tj ET Q
q 0 0 0 rg BT 110.08 136.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 131.37 136.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 178.32 136.95 Td (open ) Tj ET Q
q 0 0 0 rg BT 201.36 136.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 222.65 136.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 250.34 136.95 Td (swap ) Tj ET Q
q 0 0 0 rg BT 274.55 136.95 Td (arrangements.) Tj ET Q
endstream
endobj
277 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 278 0 R>>
endobj
278 0 obj
<</Length 20747>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (136) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.41 741.75 Td (table ) Tj ET Q
q 0 0 0 rg BT 135.44 741.75 Td (presents ) Tj ET Q
q 0 0 0 rg BT 172.47 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.92 741.75 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 232.53 741.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 259.65 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 277.44 741.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 308.63 741.75 Td (of) Tj ET Q
q 0 0 0 rg BT 317.18 741.75 Td (fsets, ) Tj ET Q
q 0 0 0 rg BT 341.68 741.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 350.72 741.75 Td (any:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 705.25 m
432.5 705.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
432.5 705.25 m
436.5 705.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 705.25 m
489.5 705.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 637.25 m
172.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
176.5 637.25 m
235.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
239.5 637.25 m
298.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 637.25 m
365.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 637.25 m
432.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 637.25 m
489.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
493.5 637.25 m
561.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 540.25 m
172.5 540.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
176.5 540.25 m
235.5 540.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
239.5 540.25 m
298.5 540.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 540.25 m
365.5 540.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 540.25 m
432.5 540.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 540.25 m
489.5 540.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
493.5 540.25 m
561.5 540.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 525.25 m
172.5 525.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 478.25 m
172.5 478.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
176.5 525.25 m
235.5 525.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
176.5 478.25 m
235.5 478.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
239.5 525.25 m
298.5 525.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
239.5 478.25 m
298.5 478.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 525.25 m
365.5 525.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 478.25 m
365.5 478.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 525.25 m
432.5 525.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 478.25 m
432.5 478.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 525.25 m
489.5 525.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 478.25 m
489.5 478.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
493.5 525.25 m
561.5 525.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
493.5 478.25 m
561.5 478.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.90 720.52 Td (Gross ) Tj ET Q
q 0 0 0 rg BT 399.74 720.52 Td (Amounts Not Of) Tj ET Q
q 0 0 0 rg BT 469.94 720.52 Td (fset) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.95 710.02 Td (in the Balance Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 193.20 673.52 Td (Gross) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.55 663.02 Td (Amounts of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 180.70 652.52 Td (Recognized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 191.75 642.02 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.90 684.02 Td ( Gross) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.20 673.52 Td (Amounts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 242.35 663.02 Td (Of) Tj ET Q
q 0 0 0 rg BT 253.33 663.02 Td (fset in the) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.55 652.52 Td (Balance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 256.80 642.02 Td (Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.65 694.52 Td (Net ) Tj ET Q
q 0 0 0 rg BT 325.15 694.52 Td (Amount) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.65 684.02 Td (of Derivative) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 319.75 673.52 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.65 663.02 Td (Presented in) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.85 652.52 Td (the Balance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.80 642.02 Td (Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 380.95 652.52 Td (Financial) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 375.70 642.02 Td (Instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.95 652.52 Td (Cash) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 441.75 642.02 Td (Collateral) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 499.70 673.54 Td (Net ) Tj ET Q
q 0 0 0 rg BT 517.49 673.54 Td (Amount) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 516.60 663.04 Td (as of) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 504.05 652.54 Td (Mar) Tj ET Q
q 0 0 0 rg BT 523.68 652.54 Td (ch 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 516.50 642.04 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 627.02 Td (Derivative instruments not designated as hedging instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 611.52 Td (Currency forward) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 601.02 Td (contracts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.00 601.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 207.85 601.02 Td (4,493) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 242.00 601.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.35 601.02 Td (\(1,709) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.50 601.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 601.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 337.85 601.02 Td (2,784) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.00 601.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.00 601.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.00 601.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 475.00 601.02 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 496.00 601.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 533.85 601.04 Td (2,784) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 586.02 Td (Futures contracts relating to:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 570.52 Td (Seed capital) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 88.00 560.02 Td (investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 221.00 560.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 560.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.00 560.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.85 560.02 Td (1,802) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 461.85 560.02 Td (2,206) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 533.85 560.04 Td (4,008) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 545.02 Td (T) Tj ET Q
q 0 0 0 rg BT 80.18 545.02 Td (otal return swaps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 221.00 545.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 545.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.00 545.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 412.75 545.02 Td (130) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.75 545.02 Td (158) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 541.75 545.04 Td (288) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 530.02 Td (T) Tj ET Q
q 0 0 0 rg BT 71.18 530.02 Td (otal futures contracts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 221.00 530.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 530.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.00 530.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.85 530.02 Td (1,932) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 461.85 530.02 Td (2,364) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 533.85 530.04 Td (4,296) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 514.52 Td (T) Tj ET Q
q 0 0 0 rg BT 80.18 514.52 Td (otal derivative) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 504.02 Td (instruments not) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 493.52 Td (designated as) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 483.02 Td (hedging instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.00 483.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 207.85 483.02 Td (4,493) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 242.00 483.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.35 483.02 Td (\(1,709) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.50 483.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 483.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 337.85 483.02 Td (2,784) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.00 483.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.85 483.02 Td (1,932) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.00 483.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 461.85 483.02 Td (2,364) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 496.00 483.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 533.85 483.04 Td (7,080) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 453.55 Td (The following table presents the derivative liabilities and related of) Tj ET Q
q 0 0 0 rg BT 331.77 453.55 Td (fsets, if any:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 417.04999999999995 m
430.5 417.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 417.04999999999995 m
434.5 417.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 417.04999999999995 m
487.5 417.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 350.04999999999995 m
172.5 350.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
176.5 350.04999999999995 m
233.5 350.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
237.5 350.04999999999995 m
296.5 350.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300.5 350.04999999999995 m
363.5 350.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 417.04999999999995 m
430.5 417.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 350.04999999999995 m
430.5 350.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 417.04999999999995 m
434.5 417.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 417.04999999999995 m
487.5 417.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 350.04999999999995 m
487.5 350.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
491.5 350.04999999999995 m
561.5 350.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 257.04999999999995 m
172.5 257.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
176.5 257.04999999999995 m
233.5 257.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
237.5 257.04999999999995 m
296.5 257.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300.5 257.04999999999995 m
363.5 257.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 257.04999999999995 m
430.5 257.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 257.04999999999995 m
487.5 257.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
491.5 257.04999999999995 m
561.5 257.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 226.04999999999995 m
172.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
176.5 226.04999999999995 m
233.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
237.5 226.04999999999995 m
296.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300.5 226.04999999999995 m
363.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 226.04999999999995 m
430.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 226.04999999999995 m
487.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
491.5 226.04999999999995 m
561.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 179.04999999999995 m
172.5 179.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
176.5 226.04999999999995 m
233.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
176.5 179.04999999999995 m
233.5 179.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
237.5 226.04999999999995 m
296.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
237.5 179.04999999999995 m
296.5 179.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300.5 226.04999999999995 m
363.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300.5 179.04999999999995 m
363.5 179.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 226.04999999999995 m
430.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
367.5 179.04999999999995 m
430.5 179.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 226.04999999999995 m
487.5 226.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 179.04999999999995 m
487.5 179.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
491.5 179.04999999999995 m
561.5 179.04999999999995 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.90 432.32 Td (Gross ) Tj ET Q
q 0 0 0 rg BT 397.74 432.32 Td (Amounts Not Of) Tj ET Q
q 0 0 0 rg BT 467.94 432.32 Td (fset) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 383.95 421.82 Td (in the Balance Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 192.20 386.32 Td (Gross) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.55 375.82 Td (Amounts of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.70 365.32 Td (Recognized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 183.20 354.82 Td (Liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.90 396.82 Td ( Gross) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 247.20 386.32 Td (Amounts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 240.35 375.82 Td (Of) Tj ET Q
q 0 0 0 rg BT 251.33 375.82 Td (fset in the) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.55 365.32 Td (Balance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 254.80 354.82 Td (Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.65 407.27 Td (Net ) Tj ET Q
q 0 0 0 rg BT 323.15 407.27 Td (Amount) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.65 396.77 Td (of Derivative) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 310.20 386.27 Td (Liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.65 375.77 Td (Presented in) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.85 365.27 Td (the Balance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 319.80 354.77 Td (Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 378.95 365.32 Td (Financial) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.70 354.82 Td (Instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 449.95 365.32 Td (Cash) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.75 354.82 Td (Collateral) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 498.70 386.34 Td (Net ) Tj ET Q
q 0 0 0 rg BT 516.49 386.34 Td (Amount ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 515.60 375.84 Td (as of ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 503.05 365.34 Td (Mar) Tj ET Q
q 0 0 0 rg BT 522.68 365.34 Td (ch 31, ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 515.50 354.84 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 339.82 Td (Derivative instruments not designated as hedging instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 324.32 Td (Currency forward) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 313.82 Td (contracts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.00 313.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.10 313.82 Td (\(1) Tj ET Q
q 0 0 0 rg BT 205.85 313.82 Td (1,482) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 229.50 313.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 240.00 313.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 268.85 313.82 Td (4,368) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.00 313.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 332.35 313.82 Td (\(7,1) Tj ET Q
q 0 0 0 rg BT 348.97 313.82 Td (14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 359.50 313.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.00 313.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 416.00 313.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.00 313.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 473.00 313.82 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 494.00 313.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.35 313.84 Td (\(7,1) Tj ET Q
q 0 0 0 rg BT 546.97 313.84 Td (14) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 557.50 313.84 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 298.82 Td (Futures contracts relating to:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 284.27 Td (Seed capital) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 273.82 Td (investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 219.00 276.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 282.00 276.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.00 276.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.35 276.82 Td (\(3,203) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 276.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 276.82 Td (7,326) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 533.85 276.84 Td (4,123) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 261.82 Td (T) Tj ET Q
q 0 0 0 rg BT 80.18 261.82 Td (otal return swaps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 219.00 261.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 282.00 261.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.00 261.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.25 261.82 Td (\(360) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 261.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 467.75 261.82 Td (754) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 541.75 261.84 Td (394) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 245.82 Td (     ) Tj ET Q
q 0 0 0 rg BT 64.94 245.82 Td (T) Tj ET Q
q 0 0 0 rg BT 70.62 245.82 Td (otal future contracts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 219.00 245.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 282.00 245.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.00 245.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.35 245.82 Td (\(3,563) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 245.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 245.82 Td (8,080) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 533.85 245.84 Td (4,517) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 230.82 Td (T) Tj ET Q
q 0 0 0 rg BT 71.18 230.82 Td (otal return swaps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 219.00 230.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 282.00 230.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.00 230.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.35 230.82 Td (\(3,195) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 230.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 230.82 Td (4,125) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 541.75 230.84 Td (930) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 215.32 Td (T) Tj ET Q
q 0 0 0 rg BT 80.18 215.32 Td (otal derivative) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 204.82 Td (instruments not) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 194.32 Td (designated as) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 183.82 Td (hedging instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 179.00 183.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.10 183.82 Td (\(1) Tj ET Q
q 0 0 0 rg BT 205.85 183.82 Td (1,482) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 229.50 183.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 240.00 183.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 268.85 183.82 Td (4,368) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 303.00 183.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 332.35 183.82 Td (\(7,1) Tj ET Q
q 0 0 0 rg BT 348.97 183.82 Td (14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 359.50 183.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 370.00 183.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.35 183.82 Td (\(6,758) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.50 183.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.00 183.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.60 183.82 Td (12,205) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 494.00 183.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 530.35 183.84 Td (\(1,667) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 557.50 183.84 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
279 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 280 0 R>>
endobj
280 0 obj
<</Length 18371>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (137) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.41 741.75 Td (table ) Tj ET Q
q 0 0 0 rg BT 135.44 741.75 Td (presents ) Tj ET Q
q 0 0 0 rg BT 172.47 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.92 741.75 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 232.53 741.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 259.65 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 277.44 741.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 308.63 741.75 Td (of) Tj ET Q
q 0 0 0 rg BT 317.18 741.75 Td (fsets, ) Tj ET Q
q 0 0 0 rg BT 341.68 741.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 350.72 741.75 Td (any:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 705.25 m
430.5 705.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.5 705.25 m
434.5 705.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 705.25 m
490.5 705.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 637.25 m
177.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
181.5 637.25 m
237.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
241.5 637.25 m
298.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 637.25 m
365.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 637.25 m
430.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 637.25 m
490.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 637.25 m
561.5 637.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 577.25 m
177.5 577.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 577.25 m
430.5 577.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 577.25 m
490.5 577.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 530.25 m
177.5 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
181.5 577.25 m
237.5 577.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
181.5 530.25 m
237.5 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
241.5 577.25 m
298.5 577.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
241.5 530.25 m
298.5 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 577.25 m
365.5 577.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 530.25 m
365.5 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 577.25 m
430.5 577.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 530.25 m
430.5 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 577.25 m
490.5 577.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.5 530.25 m
490.5 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 577.25 m
561.5 577.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 530.25 m
561.5 530.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.40 720.52 Td (Gross ) Tj ET Q
q 0 0 0 rg BT 400.24 720.52 Td (Amounts Not Of) Tj ET Q
q 0 0 0 rg BT 470.44 720.52 Td (fset) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.45 710.02 Td (in the Balance Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 196.70 673.52 Td (Gross) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.05 663.02 Td (Amounts of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.20 652.52 Td (Recognized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 195.25 642.02 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 255.90 684.02 Td ( Gross) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 250.20 673.52 Td (Amounts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.05 663.02 Td (Of) Tj ET Q
q 0 0 0 rg BT 262.03 663.02 Td (fset in) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.85 652.52 Td (the Balance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 257.80 642.02 Td (Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.65 694.52 Td (Net ) Tj ET Q
q 0 0 0 rg BT 325.15 694.52 Td (Amount) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.65 684.02 Td (of Derivative) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 319.75 673.52 Td (Assets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.65 663.02 Td (Presented in) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.85 652.52 Td (the Balance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.80 642.02 Td (Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 379.95 652.52 Td (Financial) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.70 642.02 Td (Instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.45 652.52 Td (Cash) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 441.25 642.02 Td (Collateral) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.85 673.52 Td (Net amount) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.10 663.02 Td ( as of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.90 652.52 Td (March 31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 642.02 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 623.02 Td (Derivative instruments not designated as hedging instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 607.52 Td (Currency forward) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 597.02 Td (contracts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.00 597.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 209.85 597.02 Td (3,997) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.00 597.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.35 597.02 Td (\(1,874) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.50 597.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 597.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 337.85 597.02 Td (2,123) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.00 597.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 416.00 597.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.00 597.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.00 597.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.00 597.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 597.02 Td (2,123) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 582.02 Td (T) Tj ET Q
q 0 0 0 rg BT 71.18 582.02 Td (otal return swaps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 223.00 582.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 582.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.00 582.02 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.85 582.02 Td (2,060) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 582.02 Td (2,310) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 582.02 Td (4,370) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 566.52 Td (T) Tj ET Q
q 0 0 0 rg BT 80.18 566.52 Td (otal derivative) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 556.02 Td (instruments not) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 545.52 Td (designated as) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 83.50 535.02 Td (hedging instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.00 535.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 209.85 535.02 Td (3,997) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.00 535.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 267.35 535.02 Td (\(1,874) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.50 535.02 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 535.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 337.85 535.02 Td (2,123) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.00 535.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.85 535.02 Td (2,060) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.00 535.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 535.02 Td (2,310) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.00 535.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 535.02 Td (6,493) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 505.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 505.55 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.41 505.55 Td (table ) Tj ET Q
q 0 0 0 rg BT 135.44 505.55 Td (presents ) Tj ET Q
q 0 0 0 rg BT 172.47 505.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.92 505.55 Td (derivative ) Tj ET Q
q 0 0 0 rg BT 232.53 505.55 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 274.24 505.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.02 505.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 323.21 505.55 Td (of) Tj ET Q
q 0 0 0 rg BT 331.77 505.55 Td (fsets, ) Tj ET Q
q 0 0 0 rg BT 356.26 505.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 365.30 505.55 Td (any:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 469.04999999999995 m
432.5 469.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
432.5 469.04999999999995 m
436.5 469.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 469.04999999999995 m
490.5 469.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 401.04999999999995 m
177.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
181.5 401.04999999999995 m
237.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
241.5 401.04999999999995 m
298.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 401.04999999999995 m
365.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 469.04999999999995 m
432.5 469.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 401.04999999999995 m
432.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
432.5 469.04999999999995 m
436.5 469.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 469.04999999999995 m
490.5 469.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 401.04999999999995 m
490.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 401.04999999999995 m
561.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 401.04999999999995 m
432.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 401.04999999999995 m
490.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 401.04999999999995 m
561.5 401.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 300.04999999999995 m
177.5 300.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
181.5 300.04999999999995 m
237.5 300.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
241.5 300.04999999999995 m
298.5 300.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 300.04999999999995 m
365.5 300.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 300.04999999999995 m
432.5 300.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 300.04999999999995 m
490.5 300.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 300.04999999999995 m
561.5 300.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 285.04999999999995 m
177.5 285.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 249.04999999999995 m
177.5 249.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
181.5 285.04999999999995 m
237.5 285.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
181.5 249.04999999999995 m
237.5 249.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
241.5 285.04999999999995 m
298.5 285.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
241.5 249.04999999999995 m
298.5 249.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 285.04999999999995 m
365.5 285.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.5 249.04999999999995 m
365.5 249.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 285.04999999999995 m
432.5 285.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
369.5 249.04999999999995 m
432.5 249.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 285.04999999999995 m
490.5 285.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
436.5 249.04999999999995 m
490.5 249.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 285.04999999999995 m
561.5 285.04999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 249.04999999999995 m
561.5 249.04999999999995 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 373.40 484.32 Td (Gross ) Tj ET Q
q 0 0 0 rg BT 400.24 484.32 Td (Amounts Not Of) Tj ET Q
q 0 0 0 rg BT 470.44 484.32 Td (fset) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.45 473.82 Td (in the Balance Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 196.70 437.32 Td (Gross) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.05 426.82 Td (Amounts of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.20 416.32 Td (Recognized) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 187.70 405.82 Td (Liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 255.90 447.82 Td ( Gross) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 250.20 437.32 Td (Amounts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.05 426.82 Td (Of) Tj ET Q
q 0 0 0 rg BT 262.03 426.82 Td (fset in) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.85 416.32 Td (the Balance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 257.80 405.82 Td (Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.65 458.32 Td (Net ) Tj ET Q
q 0 0 0 rg BT 325.15 458.32 Td (Amount) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.65 447.82 Td (of Derivative) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 312.20 437.32 Td (Liabilities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.65 426.82 Td (Presented in) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 308.85 416.32 Td (the Balance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.80 405.82 Td (Sheet) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 380.95 416.32 Td (Financial) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 375.70 405.82 Td (Instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.45 416.32 Td (Cash) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 442.25 405.82 Td (Collateral) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.85 437.32 Td (Net amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.40 426.82 Td (as of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.90 416.32 Td (March 31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 405.82 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 386.82 Td (Derivative instruments not designated as hedging instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 371.32 Td (Currency forward) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 360.82 Td (contracts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.00 360.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 206.35 360.82 Td (\(7,465) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 233.50 360.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.00 360.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 270.85 360.82 Td (2,094) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 360.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.35 360.82 Td (\(5,371) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.50 360.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.00 360.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 418.00 360.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.00 360.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.00 360.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.00 360.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 530.35 360.82 Td (\(5,371) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.50 360.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 345.32 Td (Futures contracts relating) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 74.50 334.82 Td (to:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.00 319.82 Td (Seed capital investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 223.00 319.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 319.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.00 319.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.35 319.82 Td (\(1,798) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 428.50 319.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 319.82 Td (7,640) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 319.82 Td (5,842) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 71.50 304.82 Td (T) Tj ET Q
q 0 0 0 rg BT 77.18 304.82 Td (otal return swaps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 223.00 304.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 304.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.00 304.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 409.25 304.82 Td (\(410) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 428.50 304.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 304.82 Td (1,104) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.75 304.82 Td (694) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 64.00 289.82 Td (T) Tj ET Q
q 0 0 0 rg BT 69.68 289.82 Td (otal futures contracts) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 223.00 289.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 289.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 351.00 289.82 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.35 289.82 Td (\(2,208) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 428.50 289.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 289.82 Td (8,744) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 289.82 Td (6,536) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 274.82 Td (T) Tj ET Q
q 0 0 0 rg BT 57.68 274.82 Td (otal derivative instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 264.32 Td (not designated as) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.50 253.82 Td (hedging instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.00 253.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 206.35 253.82 Td (\(7,465) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 233.50 253.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 244.00 253.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 270.85 253.82 Td (2,094) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.00 253.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.35 253.82 Td (\(5,371) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.50 253.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 372.00 253.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.35 253.82 Td (\(2,208) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 428.50 253.82 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.00 253.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 253.82 Td (8,744) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.00 253.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 253.82 Td (1,165) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
281 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 282 0 R>>
endobj
282 0 obj
<</Length 14944>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (138) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 70.17 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 114.85 741.75 Td (table ) Tj ET Q
q 0 0 0 rg BT 139.10 741.75 Td (presents ) Tj ET Q
q 0 0 0 rg BT 177.36 741.75 Td (gains ) Tj ET Q
q 0 0 0 rg BT 203.37 741.75 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 239.30 741.75 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 289.20 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 301.21 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 317.89 741.75 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 377.15 741.75 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 427.07 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.67 741.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 475.00 741.75 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 505.68 741.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 520.02 741.75 Td (derivative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (instruments. ) Tj ET Q
q 0 0 0 rg BT 106.10 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 109.59 729.15 Td (As ) Tj ET Q
q 0 0 0 rg BT 125.73 729.15 Td (described ) Tj ET Q
q 0 0 0 rg BT 170.43 729.15 Td (above, ) Tj ET Q
q 0 0 0 rg BT 202.60 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 219.91 729.15 Td (currency ) Tj ET Q
q 0 0 0 rg BT 261.10 729.15 Td (forward ) Tj ET Q
q 0 0 0 rg BT 298.81 729.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 341.19 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 360.82 729.15 Td (futures ) Tj ET Q
q 0 0 0 rg BT 394.45 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 414.09 729.15 Td (forward ) Tj ET Q
q 0 0 0 rg BT 451.79 729.15 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 494.17 729.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 510.88 729.15 Td (seed ) Tj ET Q
q 0 0 0 rg BT 534.01 729.15 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 102.12 716.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 140.23 716.55 Td (below ) Tj ET Q
q 0 0 0 rg BT 167.85 716.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 182.62 716.55 Td (economic ) Tj ET Q
q 0 0 0 rg BT 225.40 716.55 Td (hedges ) Tj ET Q
q 0 0 0 rg BT 256.51 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.21 716.55 Td (interest ) Tj ET Q
q 0 0 0 rg BT 300.08 716.55 Td (rate ) Tj ET Q
q 0 0 0 rg BT 317.77 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 334.88 716.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 365.99 716.55 Td (risk ) Tj ET Q
q 0 0 0 rg BT 383.70 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 394.40 716.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 424.92 716.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 466.53 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 483.65 716.55 Td (investing ) Tj ET Q
q 0 0 0 rg BT 524.10 716.55 Td (activities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.37 703.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 85.57 703.95 Td (Mason.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
262.5 678.45 m
310.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.5 678.45 m
314.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
314.5 678.45 m
360.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
360.5 678.45 m
364.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 678.45 m
410.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.5 678.45 m
414.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414.5 678.45 m
460.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.5 678.45 m
468.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468.5 678.45 m
514.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514.5 678.45 m
560.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
262.5 678.45 m
310.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
262.5 663.45 m
310.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.5 678.45 m
314.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.5 663.45 m
314.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
314.5 678.45 m
360.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
314.5 663.45 m
360.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
360.5 678.45 m
364.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 678.45 m
410.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 663.45 m
410.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.5 678.45 m
414.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.5 663.45 m
414.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414.5 678.45 m
460.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414.5 663.45 m
460.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.5 678.45 m
468.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468.5 678.45 m
514.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468.5 663.45 m
514.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514.5 678.45 m
560.5 678.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514.5 663.45 m
560.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 629.45 m
174.5 629.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
174.5 629.45 m
178.5 629.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178.5 629.45 m
258.5 629.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
262.5 629.45 m
310.5 629.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
314.5 663.45 m
360.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
314.5 629.45 m
360.5 629.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 629.45 m
410.5 629.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414.5 629.45 m
460.5 629.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468.5 663.45 m
514.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468.5 629.45 m
514.5 629.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514.5 663.45 m
560.5 663.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514.5 629.45 m
560.5 629.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 445.45 m
174.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
174.5 445.45 m
178.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178.5 445.45 m
258.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
262.5 445.45 m
310.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
314.5 445.45 m
360.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 445.45 m
410.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414.5 445.45 m
460.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468.5 445.45 m
514.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514.5 445.45 m
560.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 421.45 m
174.5 421.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
174.5 421.45 m
178.5 421.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
178.5 421.45 m
258.5 421.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
262.5 421.45 m
310.5 421.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
314.5 421.45 m
360.5 421.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.5 421.45 m
410.5 421.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414.5 421.45 m
460.5 421.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468.5 445.45 m
514.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468.5 421.45 m
514.5 421.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514.5 445.45 m
560.5 445.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
514.5 421.45 m
560.5 421.45 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.65 683.22 Td (Y) Tj ET Q
q 0 0 0 rg BT 368.71 683.22 Td (ears Ended March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 300.50 668.24 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.50 668.22 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 503.50 668.22 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 202.25 653.67 Td (Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.00 643.17 Td (Statement) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 189.10 632.67 Td (Classification) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 272.85 634.24 Td (Gains) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 322.40 634.24 Td (Losses) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.75 634.22 Td (Gains) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.70 634.22 Td (Losses) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 478.75 634.22 Td (Gains) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.70 634.22 Td (Losses) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 619.22 Td (Derivatives not designated as hedging instruments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 604.22 Td (Currency forward contracts relating to:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 77.00 589.22 Td (Operating activities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 187.80 589.22 Td (Other expense) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 265.00 589.24 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 282.85 589.24 Td (6,534) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 317.00 589.24 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 324.10 589.24 Td (\(20,494) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 589.24 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 367.00 589.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.85 589.22 Td (8,881) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.00 589.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.10 589.22 Td (\(17,270) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 589.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.00 589.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.60 589.22 Td (13,880) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 589.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.35 589.22 Td (\(6,774) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 556.50 589.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 77.00 566.72 Td (Seed capital) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 81.50 556.22 Td (investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 195.10 574.67 Td (Other non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 181.40 564.17 Td (operating income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.55 553.72 Td (\(expense\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 282.85 556.24 Td (8,232) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 337.25 556.24 Td (\(864) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 556.24 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.85 556.22 Td (4,904) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 437.25 556.22 Td (\(930) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 556.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.75 556.22 Td (494) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.35 556.22 Td (\(2,459) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 556.50 556.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 541.22 Td (Futures contracts relating to:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 77.00 517.72 Td (Seed capital) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 81.50 507.22 Td (investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 195.10 526.67 Td (Other non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 181.40 516.17 Td (operating income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.55 505.67 Td (\(expense\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 277.60 507.24 Td (23,298) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 324.10 507.24 Td (\(13,625) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 507.24 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 377.60 507.22 Td (17,648) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.10 507.22 Td (\(18,416) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 507.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.75 507.22 Td (222) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.10 507.22 Td (\(24,025) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 556.50 507.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 77.00 484.22 Td (T) Tj ET Q
q 0 0 0 rg BT 82.68 484.22 Td (otal return swaps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 195.10 492.67 Td (Other non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 181.40 482.22 Td (operating income) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 282.85 484.24 Td (2,208) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 329.35 484.24 Td (\(1,752) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 484.24 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.85 484.22 Td (3,1) Tj ET Q
q 0 0 0 rg BT 395.98 484.22 Td (16) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 429.35 484.22 Td (\(5,615) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 484.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 500.00 484.22 Td (90) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.35 484.22 Td (\(8,721) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 556.50 484.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 57.50 450.22 Td (T) Tj ET Q
q 0 0 0 rg BT 63.18 450.22 Td (otal return swaps) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 195.10 469.67 Td (Other non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 181.40 459.17 Td (operating income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.55 448.67 Td (\(expense\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 282.85 450.24 Td (1,259) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 329.35 450.24 Td (\(2,569) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 450.24 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.85 450.22 Td (4,316) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 446.00 450.22 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.85 450.22 Td (2,247) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.35 450.22 Td (\(1,142) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 556.50 450.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 62.00 435.67 Td (T) Tj ET Q
q 0 0 0 rg BT 67.68 435.67 Td (otal gain \(loss\) from derivatives not) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 71.00 425.17 Td (designated as hedging instruments) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 265.00 426.24 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 277.60 426.24 Td (41,531) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 317.00 426.24 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 324.10 426.24 Td (\(39,304) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 356.50 426.24 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 367.00 426.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 377.60 426.22 Td (38,865) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.00 426.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.10 426.22 Td (\(42,231) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 456.50 426.22 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 471.00 426.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 481.60 426.22 Td (16,933) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 517.00 426.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 524.10 426.22 Td (\(43,121) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 556.50 426.22 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
283 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 284 0 R>>
endobj
284 0 obj
<</Length 30483>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (139) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (18) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.50 741.90 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.50 741.90 Td (Strategic Restructuring) Tj ET Q
BT /F2 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 717.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 62.17 717.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 88.34 717.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 115.39 717.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 140.38 717.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 172.39 717.30 Td (initiated ) Tj ET Q
q 0 0 0 rg BT 210.23 717.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 218.31 717.30 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 257.30 717.30 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 314.38 717.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 325.97 717.30 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 357.37 717.30 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 384.43 717.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 413.51 717.30 Td (includes ) Tj ET Q
q 0 0 0 rg BT 451.93 717.30 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 495.00 717.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 513.58 717.30 Td (distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 704.70 Td (functions, ) Tj ET Q
q 0 0 0 rg BT 94.06 704.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 105.17 704.70 Td (well ) Tj ET Q
q 0 0 0 rg BT 125.61 704.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 136.72 704.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 144.69 704.70 Td (ficiency ) Tj ET Q
q 0 0 0 rg BT 180.86 704.70 Td (initiatives ) Tj ET Q
q 0 0 0 rg BT 224.64 704.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 234.57 704.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 265.50 704.70 Td (smaller ) Tj ET Q
q 0 0 0 rg BT 298.77 704.70 Td (af) Tj ET Q
q 0 0 0 rg BT 306.73 704.70 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 337.67 704.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 355.78 704.70 Td (operate ) Tj ET Q
q 0 0 0 rg BT 389.03 704.70 Td (outside ) Tj ET Q
q 0 0 0 rg BT 421.73 704.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 432.83 704.70 Td (revenue-sharing ) Tj ET Q
q 0 0 0 rg BT 502.83 704.70 Td (arrangements. ) Tj ET Q
q 0 0 0 rg BT 564.64 704.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 692.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.67 692.10 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 108.58 692.10 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 165.57 692.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 175.92 692.10 Td (expected ) Tj ET Q
q 0 0 0 rg BT 216.58 692.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 228.09 692.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 241.34 692.10 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 297.77 692.10 Td (complete ) Tj ET Q
q 0 0 0 rg BT 339.60 692.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 353.44 692.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.61 692.10 Td (end ) Tj ET Q
q 0 0 0 rg BT 388.12 692.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 400.21 692.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 426.29 692.10 Td (2021 ) Tj ET Q
q 0 0 0 rg BT 450.64 692.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 469.14 692.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 494.06 692.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 525.99 692.10 Td (does ) Tj ET Q
q 0 0 0 rg BT 548.58 692.10 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 679.50 Td (expect ) Tj ET Q
q 0 0 0 rg BT 80.02 679.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 95.48 679.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 112.78 679.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 128.81 679.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 139.61 679.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 162.05 679.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 174.59 679.50 Td (impact ) Tj ET Q
q 0 0 0 rg BT 205.79 679.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 218.91 679.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.37 679.50 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 272.56 679.50 Td (restructuring.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 654.30 Td (This ) Tj ET Q
q 0 0 0 rg BT 71.31 654.30 Td (plan ) Tj ET Q
q 0 0 0 rg BT 92.03 654.30 Td (involves ) Tj ET Q
q 0 0 0 rg BT 130.25 654.30 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 186.54 654.30 Td (costs ) Tj ET Q
q 0 0 0 rg BT 210.18 654.30 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 254.82 654.30 Td (January ) Tj ET Q
q 0 0 0 rg BT 290.11 654.30 Td (1, ) Tj ET Q
q 0 0 0 rg BT 300.63 654.30 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 326.89 654.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 355.20 654.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 370.65 654.30 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 412.37 654.30 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 458.75 654.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 470.14 654.30 Td (employee ) Tj ET Q
q 0 0 0 rg BT 513.59 654.30 Td (termination ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 641.70 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 86.04 641.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 104.01 641.70 Td (retention ) Tj ET Q
q 0 0 0 rg BT 144.14 641.70 Td (incentives ) Tj ET Q
q 0 0 0 rg BT 189.51 641.70 Td (expensed ) Tj ET Q
q 0 0 0 rg BT 231.39 641.70 Td (over ) Tj ET Q
q 0 0 0 rg BT 252.85 641.70 Td (identified ) Tj ET Q
q 0 0 0 rg BT 295.89 641.70 Td (transition ) Tj ET Q
q 0 0 0 rg BT 338.36 641.70 Td (periods. ) Tj ET Q
q 0 0 0 rg BT 374.71 641.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 377.31 641.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 396.44 641.70 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 452.89 641.70 Td (costs ) Tj ET Q
q 0 0 0 rg BT 476.70 641.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 496.42 641.70 Td (include ) Tj ET Q
q 0 0 0 rg BT 530.13 641.70 Td (char) Tj ET Q
q 0 0 0 rg BT 548.01 641.70 Td (ges ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 629.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.07 629.10 Td (consolidating ) Tj ET Q
q 0 0 0 rg BT 122.47 629.10 Td (leased ) Tj ET Q
q 0 0 0 rg BT 150.53 629.10 Td (of) Tj ET Q
q 0 0 0 rg BT 159.09 629.10 Td (fice ) Tj ET Q
q 0 0 0 rg BT 176.65 629.10 Td (space ) Tj ET Q
q 0 0 0 rg BT 201.79 629.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 218.78 629.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 242.18 629.10 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 267.63 629.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 309.12 629.10 Td (professional ) Tj ET Q
q 0 0 0 rg BT 362.27 629.10 Td (fees. ) Tj ET Q
q 0 0 0 rg BT 383.62 629.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 385.45 629.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 408.85 629.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 439.25 629.10 Td (expects ) Tj ET Q
q 0 0 0 rg BT 472.57 629.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 482.56 629.10 Td (incur ) Tj ET Q
q 0 0 0 rg BT 505.96 629.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 526.45 629.10 Td (strategic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 616.50 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 105.38 616.50 Td (costs ) Tj ET Q
q 0 0 0 rg BT 128.12 616.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 138.02 616.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.58 616.50 Td (range ) Tj ET Q
q 0 0 0 rg BT 177.63 616.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 188.11 616.50 Td ($100,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 227.48 616.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 229.22 616.50 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 239.12 616.50 Td ($105,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 278.49 616.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 280.22 616.50 Td (through ) Tj ET Q
q 0 0 0 rg BT 314.62 616.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 343.76 616.50 Td (2021 ) Tj ET Q
q 0 0 0 rg BT 366.49 616.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 383.97 616.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 398.52 616.50 Td (expected ) Tj ET Q
q 0 0 0 rg BT 437.56 616.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 447.46 616.50 Td (result ) Tj ET Q
q 0 0 0 rg BT 472.53 616.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 482.43 616.50 Td (future ) Tj ET Q
q 0 0 0 rg BT 509.23 616.50 Td (cost ) Tj ET Q
q 0 0 0 rg BT 527.88 616.50 Td (savings. ) Tj ET Q
q 0 0 0 rg BT 564.63 616.50 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 603.90 Td (Cumulative ) Tj ET Q
q 0 0 0 rg BT 101.62 603.90 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 139.81 603.90 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 196.09 603.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 219.71 603.90 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 257.32 603.90 Td (through ) Tj ET Q
q 0 0 0 rg BT 292.61 603.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 322.64 603.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 338.39 603.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 362.01 603.90 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.04 603.90 Td ($80,386) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.16 603.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 578.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.77 578.70 Td (table ) Tj ET Q
q 0 0 0 rg BT 91.62 578.70 Td (below ) Tj ET Q
q 0 0 0 rg BT 119.73 578.70 Td (presents ) Tj ET Q
q 0 0 0 rg BT 156.58 578.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 163.69 578.70 Td (summary ) Tj ET Q
q 0 0 0 rg BT 205.21 578.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.41 578.70 Td (changes ) Tj ET Q
q 0 0 0 rg BT 252.67 578.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 263.28 578.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 278.56 578.70 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 316.57 578.70 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 372.67 578.70 Td (liability ) Tj ET Q
q 0 0 0 rg BT 407.78 578.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 430.63 578.70 Td (January ) Tj ET Q
q 0 0 0 rg BT 465.73 578.70 Td (1, ) Tj ET Q
q 0 0 0 rg BT 476.06 578.70 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 499.50 578.70 Td (through ) Tj ET Q
q 0 0 0 rg BT 534.61 578.70 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 566.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 65.75 566.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 92.00 566.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 109.79 566.10 Td (cumulative ) Tj ET Q
q 0 0 0 rg BT 159.06 566.10 Td (char) Tj ET Q
q 0 0 0 rg BT 176.94 566.10 Td (ges ) Tj ET Q
q 0 0 0 rg BT 193.56 566.10 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 231.17 566.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 241.96 566.10 Td (date: ) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 529.6 m
277.5 529.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 529.6 m
348.5 529.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 529.6 m
419.5 529.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 529.6 m
490.5 529.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 529.6 m
561.5 529.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 529.6 m
348.5 529.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 529.6 m
490.5 529.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 529.6 m
561.5 529.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 499.6 m
277.5 499.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 499.6 m
419.5 499.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 499.6 m
490.5 499.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 499.6 m
348.5 499.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 499.6 m
490.5 499.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 499.6 m
561.5 499.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 454.6 m
348.5 454.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 454.6 m
419.5 454.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 454.6 m
490.5 454.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 454.6 m
277.5 454.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 439.6 m
277.5 439.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 454.6 m
348.5 454.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 439.6 m
348.5 439.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 454.6 m
419.5 454.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 439.6 m
419.5 439.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 454.6 m
490.5 454.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 439.6 m
490.5 439.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 454.6 m
561.5 454.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 439.6 m
561.5 439.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 388.6 m
277.5 388.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 388.6 m
348.5 388.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 388.6 m
419.5 388.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 388.6 m
490.5 388.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 388.6 m
561.5 388.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 373.6 m
277.5 373.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 373.6 m
348.5 373.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 388.6 m
419.5 388.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 373.6 m
419.5 373.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 388.6 m
490.5 388.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 373.6 m
490.5 373.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 388.6 m
561.5 388.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 373.6 m
561.5 373.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 349.6 m
277.5 349.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 373.6 m
348.5 373.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
281.5 349.6 m
348.5 349.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 373.6 m
419.5 373.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
352.5 349.6 m
419.5 349.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 373.6 m
490.5 373.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.5 349.6 m
490.5 349.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
494.5 349.6 m
561.5 349.6 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.15 544.87 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 288.95 534.37 Td (and benefits) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.85 534.37 Td (Occupancy) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 444.50 534.37 Td (Other) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.75 534.37 Td (T) Tj ET Q
q 0 0 0 rg BT 522.43 534.37 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 519.37 Td (Balance as of January 1, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 519.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.00 519.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.00 519.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 405.00 519.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.00 519.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.00 519.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.00 519.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 519.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 504.37 Td (Accrued char) Tj ET Q
q 0 0 0 rg BT 108.16 504.37 Td (ges) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.00 504.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.85 504.37 Td (2,090) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 504.37 Td (6,504) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 504.37 Td (8,594) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 489.37 Td (Balance as of March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.00 489.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.85 489.37 Td (2,090) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 489.37 Td (6,504) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 489.37 Td (8,594) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 474.37 Td (Accrued char) Tj ET Q
q 0 0 0 rg BT 108.16 474.37 Td (ges) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 315.60 474.37 Td (44,919) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.85 474.37 Td (4,426) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 462.85 474.37 Td (7,887) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 474.37 Td (57,232) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 459.37 Td (Payments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 312.10 459.37 Td (\(28,955) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 344.50 459.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 396.25 459.37 Td (\(622) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.50 459.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.10 459.37 Td (\(13,506) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 486.50 459.37 Td (\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.10 459.37 Td (\(43,083) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 557.50 459.37 Td (\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 444.39 Td (Balance as of Mar) Tj ET Q
q 0 0 0 rg BT 133.17 444.39 Td (ch 31, 2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 284.00 444.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 315.60 444.39 Td (15,964) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 355.00 444.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 391.85 444.39 Td (5,894) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 426.00 444.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 470.75 444.39 Td (885) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 497.00 444.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 444.39 Td (22,743) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 423.37 Td (Non-cash char) Tj ET Q
q 0 0 0 rg BT 112.74 423.37 Td (ges) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 126.74 428.13 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 408.37 Td (Three months ended March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 408.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.00 408.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.00 408.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 399.75 408.37 Td (758) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.00 408.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.00 408.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.00 408.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 541.75 408.37 Td (758) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 61.00 393.39 Td (Y) Tj ET Q
q 0 0 0 rg BT 67.42 393.39 Td (ear) Tj ET Q
q 0 0 0 rg BT 81.80 393.39 Td ( ended Mar) Tj ET Q
q 0 0 0 rg BT 133.52 393.39 Td (ch 31, 2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 315.60 393.39 Td (12,325) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 391.85 393.39 Td (1,477) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 476.00 393.39 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 393.39 Td (13,802) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 378.37 Td (T) Tj ET Q
q 0 0 0 rg BT 57.68 378.37 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 284.00 378.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 315.60 378.37 Td (12,325) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 355.00 378.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 391.85 378.37 Td (2,235) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 426.00 378.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.00 378.37 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 497.00 378.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 378.37 Td (14,560) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.00 363.99 Td (Cumulative charges incurr) Tj ET Q
q 0 0 0 rg BT 172.55 363.99 Td (ed thr) Tj ET Q
q 0 0 0 rg BT 199.48 363.99 Td (ough Mar) Tj ET Q
q 0 0 0 rg BT 243.92 363.99 Td (ch 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 61.00 353.49 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 284.00 354.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 315.60 354.39 Td (57,244) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 355.00 354.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 391.85 354.39 Td (8,751) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 426.00 354.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.60 354.39 Td (14,391) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 497.00 354.39 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 528.60 354.39 Td (80,386) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 339.90 Td (\(1\)  Includes stock-based compensation expense and accelerated fixed asset depreciation.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 317.10 Td (The estimates for the remaining strategic restructuring costs expected to be incurred through fiscal 2021 are as follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 291.6 m
337.5 291.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
341.5 291.6 m
450.5 291.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
454.5 291.6 m
561.5 291.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 291.6 m
337.5 291.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
341.5 291.6 m
450.5 291.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
454.5 291.6 m
561.5 291.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
341.5 246.60000000000002 m
450.5 246.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
454.5 246.60000000000002 m
561.5 246.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 246.60000000000002 m
337.5 246.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.5 231.60000000000002 m
337.5 231.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
341.5 246.60000000000002 m
450.5 246.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
341.5 231.60000000000002 m
450.5 231.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
454.5 246.60000000000002 m
561.5 246.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
454.5 231.60000000000002 m
561.5 231.60000000000002 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.45 296.37 Td (Minimum) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.60 296.37 Td (Maximum) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 281.37 Td (Compensation and benefits) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 344.00 281.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.85 281.37 Td (3,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.00 281.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 281.37 Td (4,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 266.37 Td (Occupancy) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 422.85 266.37 Td (7,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 266.37 Td (9,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 251.37 Td (Other costs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.60 251.37 Td (10,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 251.37 Td (12,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 236.37 Td (T) Tj ET Q
q 0 0 0 rg BT 57.68 236.37 Td (otal) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 344.00 236.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 417.60 236.37 Td (20,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.00 236.37 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 236.37 Td (25,000) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 206.90 Td (While ) Tj ET Q
q 0 0 0 rg BT 78.19 206.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 134.36 206.90 Td (expects ) Tj ET Q
q 0 0 0 rg BT 168.38 206.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.74 206.90 Td (total ) Tj ET Q
q 0 0 0 rg BT 204.93 206.90 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 247.70 206.90 Td (costs ) Tj ET Q
q 0 0 0 rg BT 271.24 206.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 281.94 206.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 294.38 206.90 Td (within ) Tj ET Q
q 0 0 0 rg BT 323.74 206.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 339.10 206.90 Td (range ) Tj ET Q
q 0 0 0 rg BT 364.95 206.90 Td (disclosed, ) Tj ET Q
q 0 0 0 rg BT 409.19 206.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.55 206.90 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 461.49 206.90 Td (nature ) Tj ET Q
q 0 0 0 rg BT 490.25 206.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 507.95 206.90 Td (timing ) Tj ET Q
q 0 0 0 rg BT 537.90 206.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 549.17 206.90 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 194.30 Td (costs ) Tj ET Q
q 0 0 0 rg BT 73.63 194.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 94.33 194.30 Td (dif) Tj ET Q
q 0 0 0 rg BT 105.80 194.30 Td (fer ) Tj ET Q
q 0 0 0 rg BT 120.08 194.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 143.12 194.30 Td (those ) Tj ET Q
q 0 0 0 rg BT 167.91 194.30 Td (presented ) Tj ET Q
q 0 0 0 rg BT 210.77 194.30 Td (above.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 169.10 Td (19) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.00 169.10 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.00 169.10 Td (Business ) Tj ET Q
q 0 0 0 rg BT 106.15 169.10 Td (Segment ) Tj ET Q
q 0 0 0 rg BT 147.26 169.10 Td (Information) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 202.10 169.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 143.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.02 143.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.54 143.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 115.48 143.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 123.08 143.90 Td (global ) Tj ET Q
q 0 0 0 rg BT 152.27 143.90 Td (asset ) Tj ET Q
q 0 0 0 rg BT 175.62 143.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 232.21 143.90 Td (company ) Tj ET Q
q 0 0 0 rg BT 273.64 143.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 292.32 143.90 Td (provides ) Tj ET Q
q 0 0 0 rg BT 331.42 143.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 380.44 143.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 437.03 143.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 455.13 143.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 486.63 143.90 Td (services ) Tj ET Q
q 0 0 0 rg BT 523.39 143.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 534.50 143.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 542.10 143.90 Td (wide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 131.30 Td (array ) Tj ET Q
q 0 0 0 rg BT 74.71 131.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 87.11 131.30 Td (clients. ) Tj ET Q
q 0 0 0 rg BT 120.79 131.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 124.18 131.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 144.15 131.30 Td (Company ) Tj ET Q
q 0 0 0 rg BT 188.63 131.30 Td (operates ) Tj ET Q
q 0 0 0 rg BT 227.26 131.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 239.08 131.30 Td (one ) Tj ET Q
q 0 0 0 rg BT 257.89 131.30 Td (reportable ) Tj ET Q
q 0 0 0 rg BT 304.10 131.30 Td (business ) Tj ET Q
q 0 0 0 rg BT 343.34 131.30 Td (segment, ) Tj ET Q
q 0 0 0 rg BT 384.60 131.30 Td (Global ) Tj ET Q
q 0 0 0 rg BT 416.02 131.30 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 443.01 131.30 Td (Management. ) Tj ET Q
q 0 0 0 rg BT 504.10 131.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 507.74 131.30 Td (Global ) Tj ET Q
q 0 0 0 rg BT 539.17 131.30 Td (Asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 118.70 Td (Management ) Tj ET Q
q 0 0 0 rg BT 108.86 118.70 Td (provides ) Tj ET Q
q 0 0 0 rg BT 149.57 118.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 200.20 118.70 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 240.91 118.70 Td (services ) Tj ET Q
q 0 0 0 rg BT 279.28 118.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 291.99 118.70 Td (institutional ) Tj ET Q
q 0 0 0 rg BT 346.71 118.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 366.42 118.70 Td (individual ) Tj ET Q
q 0 0 0 rg BT 413.55 118.70 Td (clients ) Tj ET Q
q 0 0 0 rg BT 445.51 118.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 465.22 118.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 477.94 118.70 Td (company-sponsored ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 106.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 98.28 106.10 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 126.94 106.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 129.45 106.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 148.48 106.10 Td (primary ) Tj ET Q
q 0 0 0 rg BT 184.42 106.10 Td (sources ) Tj ET Q
q 0 0 0 rg BT 218.61 106.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.06 106.10 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 266.00 106.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 276.87 106.10 Td (Global ) Tj ET Q
q 0 0 0 rg BT 307.55 106.10 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 333.59 106.10 Td (Management ) Tj ET Q
q 0 0 0 rg BT 391.11 106.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 406.63 106.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 455.41 106.10 Td (advisory) Tj ET Q
q 0 0 0 rg BT 490.89 106.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 496.21 106.10 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 547.34 106.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 93.50 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 112.03 93.50 Td (fees, ) Tj ET Q
q 0 0 0 rg BT 134.01 93.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 162.13 93.50 Td (typically ) Tj ET Q
q 0 0 0 rg BT 201.33 93.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 216.60 93.50 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 261.61 93.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 272.81 93.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 279.93 93.50 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 327.85 93.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 338.52 93.50 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 365.47 93.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 383.09 93.50 Td (vary ) Tj ET Q
q 0 0 0 rg BT 404.20 93.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 430.57 93.50 Td (upon ) Tj ET Q
q 0 0 0 rg BT 454.02 93.50 Td (factors ) Tj ET Q
q 0 0 0 rg BT 485.05 93.50 Td (such ) Tj ET Q
q 0 0 0 rg BT 506.75 93.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 517.95 93.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 533.24 93.50 Td (type ) Tj ET Q
q 0 0 0 rg BT 553.77 93.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 80.90 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 96.92 80.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 144.92 80.90 Td (product ) Tj ET Q
q 0 0 0 rg BT 178.92 80.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 196.01 80.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 210.76 80.90 Td (type ) Tj ET Q
q 0 0 0 rg BT 230.77 80.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 241.44 80.90 Td (services ) Tj ET Q
q 0 0 0 rg BT 277.19 80.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 294.86 80.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 309.60 80.90 Td (provided. ) Tj ET Q
q 0 0 0 rg BT 351.48 80.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 353.41 80.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 364.08 80.90 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 403.04 80.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 458.02 80.90 Td (fees ) Tj ET Q
q 0 0 0 rg BT 476.85 80.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 496.85 80.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 508.69 80.90 Td (earned ) Tj ET Q
q 0 0 0 rg BT 538.60 80.90 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 68.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 80.97 68.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 129.96 68.30 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 169.03 68.30 Td (contracts ) Tj ET Q
q 0 0 0 rg BT 209.84 68.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 225.00 68.30 Td (exceeding ) Tj ET Q
q 0 0 0 rg BT 270.47 68.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 326.43 68.30 Td (benchmarks. ) Tj ET Q
q 0 0 0 rg BT 382.70 68.30 Td (See ) Tj ET Q
q 0 0 0 rg BT 400.77 68.30 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.09 68.30 Td (13) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.59 68.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 437.50 68.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 452.45 68.30 Td (T) Tj ET Q
q 0 0 0 rg BT 458.13 68.30 Td (otal ) Tj ET Q
q 0 0 0 rg BT 476.78 68.30 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 521.68 68.30 Td (Revenues ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 55.70 Td (disaggregated ) Tj ET Q
q 0 0 0 rg BT 110.44 55.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 123.56 55.70 Td (geographic ) Tj ET Q
q 0 0 0 rg BT 172.83 55.70 Td (location.) Tj ET Q
endstream
endobj
285 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 286 0 R>>
endobj
286 0 obj
<</Length 30729>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (140) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.45 729.15 Td (table ) Tj ET Q
q 0 0 0 rg BT 91.48 729.15 Td (below ) Tj ET Q
q 0 0 0 rg BT 119.77 729.15 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 153.29 729.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 169.91 729.15 Td (long-lived ) Tj ET Q
q 0 0 0 rg BT 215.69 729.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 242.82 729.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 255.94 729.15 Td (geographic ) Tj ET Q
q 0 0 0 rg BT 305.21 729.15 Td (region ) Tj ET Q
q 0 0 0 rg BT 334.66 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 346.04 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 357.41 729.15 Td (March�31:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 703.65 m
370 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 703.65 m
434 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 703.65 m
498 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 703.65 m
562 703.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 658.65 m
370 658.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 658.65 m
434 658.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 658.65 m
498 658.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 658.65 m
562 658.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 658.65 m
370 658.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 643.65 m
370 643.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 658.65 m
434 658.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
374 643.65 m
434 643.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 658.65 m
498 658.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
438 643.65 m
498 643.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 658.65 m
562 658.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502 643.65 m
562 643.65 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 708.44 Td (INT) Tj ET Q
q 0 0 0 rg BT 70.39 708.44 Td (ANGIBLE ) Tj ET Q
q 0 0 0 rg BT 120.87 708.44 Td (ASSETS, NET) Tj ET Q
q 0 0 0 rg BT 186.63 708.44 Td ( ) Tj ET Q
q 0 0 0 rg BT 188.68 708.44 Td (AND GOODWILL) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 393.00 708.44 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.00 708.42 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 521.00 708.42 Td (2018) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 693.42 Td (United States) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 693.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 388.00 693.44 Td (4,189,706) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 693.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.00 693.42 Td (4,216,962) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 693.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.00 693.42 Td (4,384,716) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 678.42 Td (United Kingdom) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 395.85 678.44 Td (592,143) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 678.42 Td (592,971) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 678.42 Td (744,552) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 58.50 663.42 Td (Other International) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 395.85 663.44 Td (421,607) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 459.85 663.42 Td (460,380) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.85 663.42 Td (600,746) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 64.50 648.42 Td (T) Tj ET Q
q 0 0 0 rg BT 70.18 648.42 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.50 648.44 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 388.00 648.44 Td (5,203,456) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 440.50 648.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 452.00 648.42 Td (5,270,313) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 504.50 648.42 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.00 648.42 Td (5,730,014) Tj ET Q
BT /F1 10.00 Tf ET
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 619.55 Td (20) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.50 619.55 Td (. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 65.50 619.55 Td (V) Tj ET Q
q 0 0 0 rg BT 72.12 619.55 Td (ariable ) Tj ET Q
q 0 0 0 rg BT 106.24 619.55 Td (Inter) Tj ET Q
q 0 0 0 rg BT 128.79 619.55 Td (est ) Tj ET Q
q 0 0 0 rg BT 143.66 619.55 Td (Entities ) Tj ET Q
q 0 0 0 rg BT 180.71 619.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 200.26 619.55 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 261.82 619.55 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 314.42 619.55 Td (V) Tj ET Q
q 0 0 0 rg BT 321.04 619.55 Td (ehicles) Tj ET Q
BT /F2 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 594.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.21 594.35 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 110.89 594.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 132.02 594.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 171.22 594.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 219.75 594.35 Td (standards, ) Tj ET Q
q 0 0 0 rg BT 264.50 594.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 288.54 594.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 319.59 594.35 Td (consolidates ) Tj ET Q
q 0 0 0 rg BT 373.97 594.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 405.00 594.35 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 450.04 594.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 498.59 594.35 Td (products, ) Tj ET Q
q 0 0 0 rg BT 539.84 594.35 Td (some ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 581.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.61 581.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 90.14 581.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 105.82 581.75 Td (designated ) Tj ET Q
q 0 0 0 rg BT 153.59 581.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 165.20 581.75 Td (CIVs. ) Tj ET Q
q 0 0 0 rg BT 192.86 581.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 195.09 581.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 209.63 581.75 Td (presented ) Tj ET Q
q 0 0 0 rg BT 252.72 581.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 263.76 581.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 279.45 581.75 Td (table ) Tj ET Q
q 0 0 0 rg BT 302.72 581.75 Td (below) Tj ET Q
q 0 0 0 rg BT 327.70 581.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 333.19 581.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 357.63 581.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 389.08 581.75 Td (concluded ) Tj ET Q
q 0 0 0 rg BT 435.09 581.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 443.79 581.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 462.98 581.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 478.68 581.75 Td (primary ) Tj ET Q
q 0 0 0 rg BT 514.78 581.75 Td (beneficiary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 569.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.00 569.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 91.65 569.15 Td (VIEs ) Tj ET Q
q 0 0 0 rg BT 115.48 569.15 Td (because ) Tj ET Q
q 0 0 0 rg BT 150.96 569.15 Td (it ) Tj ET Q
q 0 0 0 rg BT 159.05 569.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 179.38 569.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 225.96 569.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 264.94 569.15 Td (interests ) Tj ET Q
q 0 0 0 rg BT 302.19 569.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 312.60 569.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 327.69 569.15 Td (funds. ) Tj ET Q
q 0 0 0 rg BT 355.90 569.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 358.15 569.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 369.15 569.15 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 408.44 569.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 432.26 569.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 463.10 569.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 479.35 569.15 Td (entered ) Tj ET Q
q 0 0 0 rg BT 512.49 569.15 Td (into ) Tj ET Q
q 0 0 0 rg BT 531.08 569.15 Td (various ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 556.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 71.49 556.55 Td (return ) Tj ET Q
q 0 0 0 rg BT 99.38 556.55 Td (swap ) Tj ET Q
q 0 0 0 rg BT 123.79 556.55 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 183.17 556.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 204.66 556.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 244.21 556.55 Td (intermediaries ) Tj ET Q
q 0 0 0 rg BT 307.10 556.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 328.59 556.55 Td (respect ) Tj ET Q
q 0 0 0 rg BT 361.14 556.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 372.14 556.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 403.52 556.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 427.92 556.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 459.33 556.55 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 504.73 556.55 Td (ETFs. ) Tj ET Q
q 0 0 0 rg BT 532.94 556.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 535.76 556.55 Td (Under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 543.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.70 543.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 89.90 543.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 100.52 543.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 115.22 543.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 135.76 543.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 162.70 543.95 Td (swaps, ) Tj ET Q
q 0 0 0 rg BT 192.87 543.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 216.31 543.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 246.77 543.95 Td (absorbs ) Tj ET Q
q 0 0 0 rg BT 280.72 543.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 293.09 543.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 303.71 543.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.41 543.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 348.85 543.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 372.88 543.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 389.92 543.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 416.88 543.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 429.25 543.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.95 543.95 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 491.31 543.95 Td (ETF ) Tj ET Q
q 0 0 0 rg BT 511.85 543.95 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 531.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.91 531.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 84.65 531.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 123.54 531.35 Td (intermediaries, ) Tj ET Q
q 0 0 0 rg BT 188.39 531.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 205.71 531.35 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 245.76 531.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 261.92 531.35 Td (variable ) Tj ET Q
q 0 0 0 rg BT 297.89 531.35 Td (interests ) Tj ET Q
q 0 0 0 rg BT 335.05 531.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 345.38 531.35 Td (ETFs ) Tj ET Q
q 0 0 0 rg BT 370.30 531.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 391.13 531.35 Td (open ) Tj ET Q
q 0 0 0 rg BT 413.70 531.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 434.52 531.35 Td (return ) Tj ET Q
q 0 0 0 rg BT 461.76 531.35 Td (swap ) Tj ET Q
q 0 0 0 rg BT 485.50 531.35 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 544.22 531.35 Td (and, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 518.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 59.69 518.75 Td (significant, ) Tj ET Q
q 0 0 0 rg BT 109.92 518.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 134.77 518.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 166.63 518.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 176.91 518.75 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 212.83 518.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 224.28 518.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 237.46 518.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.57 518.75 Td (primary ) Tj ET Q
q 0 0 0 rg BT 290.08 518.75 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 340.58 518.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 352.60 518.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 375.13 518.75 Td (ETFs. ) Tj ET Q
q 0 0 0 rg BT 403.78 518.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 407.06 518.75 Td (Because ) Tj ET Q
q 0 0 0 rg BT 445.32 518.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 454.43 518.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 474.04 518.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 524.54 518.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 535.99 518.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 549.17 518.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 506.15 Td (primary ) Tj ET Q
q 0 0 0 rg BT 84.98 506.15 Td (beneficiary ) Tj ET Q
q 0 0 0 rg BT 133.93 506.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 144.42 506.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 167.60 506.15 Td (VIEs, ) Tj ET Q
q 0 0 0 rg BT 193.54 506.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 216.86 506.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 247.18 506.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 301.98 506.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 318.88 506.15 Td (designated ) Tj ET Q
q 0 0 0 rg BT 365.52 506.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.09 506.15 Td (following ) Tj ET Q
q 0 0 0 rg BT 422.66 506.15 Td (funds ) Tj ET Q
q 0 0 0 rg BT 447.73 506.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 458.21 506.15 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 482.12 506.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 492.02 506.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 506.58 506.15 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 493.55 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 86.44 493.55 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 116.48 493.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 127.85 493.55 Td (of:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177.5 468.05 m
244.5 468.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
244.5 468.05 m
248.5 468.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 468.05 m
309.5 468.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 468.05 m
376.5 468.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.5 468.05 m
381.5 468.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.5 468.05 m
435.5 468.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440.5 468.05 m
502.5 468.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 468.05 m
506.5 468.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506.5 468.05 m
561.5 468.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177.5 453.05 m
244.5 453.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
244.5 453.05 m
248.5 453.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 453.05 m
309.5 453.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 453.05 m
376.5 453.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.5 453.05 m
381.5 453.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.5 453.05 m
435.5 453.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440.5 453.05 m
502.5 453.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 453.05 m
506.5 453.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506.5 453.05 m
561.5 453.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177.5 406.05 m
244.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 406.05 m
309.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 406.05 m
376.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.5 406.05 m
435.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440.5 406.05 m
502.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506.5 406.05 m
561.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177.5 406.05 m
244.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 406.05 m
309.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 406.05 m
376.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.5 406.05 m
435.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440.5 406.05 m
502.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506.5 406.05 m
561.5 406.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177.5 313.05 m
244.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 313.05 m
309.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 313.05 m
376.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.5 313.05 m
435.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440.5 313.05 m
502.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506.5 313.05 m
561.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177.5 313.05 m
244.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
177.5 298.05 m
244.5 298.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
248.5 298.05 m
309.5 298.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 313.05 m
376.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.5 298.05 m
376.5 298.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.5 313.05 m
435.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.5 298.05 m
435.5 298.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440.5 313.05 m
502.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440.5 298.05 m
502.5 298.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506.5 313.05 m
561.5 313.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506.5 298.05 m
561.5 298.05 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 347.40 472.82 Td (March 31,) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 232.50 457.84 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 363.50 457.82 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 490.00 457.82 Td (2018) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 186.20 431.84 Td (Number) Tj ET Q
q 0 0 0 rg BT 223.34 431.84 Td ( of) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 181.00 421.34 Td (Consolidated) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 196.45 410.84 Td (Funds) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 267.40 442.34 Td (Legg ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 263.30 431.84 Td (Mason ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 253.40 421.34 Td (Investment ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 254.80 410.84 Td (in Funds) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 294.20 415.60 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 321.60 431.82 Td (Number of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 316.75 421.32 Td (Consolidated) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.65 410.82 Td (Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 397.20 442.32 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 393.70 431.82 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.65 421.32 Td (Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 385.75 410.82 Td (in Funds) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 422.22 415.58 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.10 431.82 Td (Number of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.25 421.32 Td (Consolidated) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.15 410.82 Td (Funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.70 442.32 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 519.20 431.82 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 510.15 421.32 Td (Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.25 410.82 Td (in Funds) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 547.72 415.58 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 395.32 Td (Sponsored investment) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 384.82 Td (partnerships) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 207.85 384.84 Td (2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 251.00 384.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 281.85 384.84 Td (1,690) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.85 384.82 Td (2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.00 384.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.60 384.82 Td (1) Tj ET Q
q 0 0 0 rg BT 407.85 384.82 Td (1,671) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.35 384.82 Td (2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.00 384.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 384.82 Td (16,670) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 369.32 Td (T) Tj ET Q
q 0 0 0 rg BT 58.23 369.32 Td (rust structure foreign) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 358.82 Td (mutual funds) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 207.85 358.84 Td (5) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 276.60 358.84 Td (19,303) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.85 358.82 Td (7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.60 358.82 Td (23,005) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.35 358.82 Td (4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 358.82 Td (12,485) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 343.32 Td (Employee trust structure) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 61.00 332.82 Td (funds) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 207.85 332.84 Td (1) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 281.85 332.84 Td (5,188) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.85 332.82 Td (2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.85 332.82 Td (6,215) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.35 332.82 Td (2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 332.82 Td (7,328) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 317.82 Td (ETFs) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 74.75 322.58 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 207.85 317.84 Td (2) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 281.85 317.84 Td (2,216) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 341.85 317.82 Td (3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 407.85 317.82 Td (2,821) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.35 317.82 Td (2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 533.85 317.82 Td (7,371) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.00 302.82 Td (T) Tj ET Q
q 0 0 0 rg BT 57.68 302.82 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 205.25 302.84 Td (10) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 251.00 302.84 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 276.60 302.84 Td (28,397) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 339.25 302.82 Td (14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 384.00 302.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 402.60 302.82 Td (43,712) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 465.75 302.82 Td (10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.00 302.82 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 302.82 Td (43,854) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 288.35 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 62.04 288.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 64.16 288.35 Td (Represents ) Tj ET Q
q 0 0 0 rg BT 103.58 288.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 123.17 288.35 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 153.28 288.35 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 189.87 288.35 Td (risk ) Tj ET Q
q 0 0 0 rg BT 204.75 288.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 213.95 288.35 Td (loss, ) Tj ET Q
q 0 0 0 rg BT 231.43 288.35 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 267.08 288.35 Td (uncollected ) Tj ET Q
q 0 0 0 rg BT 308.38 288.35 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 339.78 288.35 Td (fees.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 278.15 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 63.50 278.15 Td (Under ) Tj ET Q
q 0 0 0 rg BT 86.42 278.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 98.48 278.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 115.27 278.15 Td (return ) Tj ET Q
q 0 0 0 rg BT 137.24 278.15 Td (swap ) Tj ET Q
q 0 0 0 rg BT 156.38 278.15 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 205.97 278.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 225.11 278.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 249.93 278.15 Td (receives ) Tj ET Q
q 0 0 0 rg BT 279.45 278.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 291.51 278.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 316.31 278.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 355.29 278.15 Td (gains ) Tj ET Q
q 0 0 0 rg BT 374.91 278.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 388.86 278.15 Td (losses ) Tj ET Q
q 0 0 0 rg BT 410.84 278.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 421.02 278.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 463.31 278.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 471.59 278.15 Td (two ) Tj ET Q
q 0 0 0 rg BT 486.02 278.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.78 278.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 513.92 278.15 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 543.58 278.15 Td (ETFs ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.50 267.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 80.74 267.95 Td (notional ) Tj ET Q
q 0 0 0 rg BT 110.72 267.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 141.65 267.95 Td (totaling ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 169.75 267.95 Td ($14,164) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 197.37 267.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 199.50 267.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 208.70 267.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 217.91 267.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 242.22 267.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 254.97 267.95 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 276.22 267.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 278.34 267.95 Td (See ) Tj ET Q
q 0 0 0 rg BT 292.74 267.95 Td (Note ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 311.39 267.95 Td (17) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 319.89 267.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 322.01 267.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 334.05 267.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 370.17 267.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 412.42 267.95 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 447.12 267.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 464.35 267.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 486.77 267.95 Td (swaps.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 242.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.80 242.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 95.78 242.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 107.00 242.75 Td (these ) Tj ET Q
q 0 0 0 rg BT 131.05 242.75 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 155.70 242.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 171.00 242.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 212.55 242.75 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 258.77 242.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.99 242.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 318.54 242.75 Td (securities ) Tj ET Q
q 0 0 0 rg BT 360.68 242.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 378.31 242.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 389.54 242.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 400.76 242.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 430.64 242.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 446.25 242.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 472.35 242.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.66 242.75 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 529.21 242.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 540.44 242.75 Td (these ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 230.15 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 74.13 230.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 96.49 230.15 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 137.53 230.15 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 183.23 230.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 193.93 230.15 Td (payables ) Tj ET Q
q 0 0 0 rg BT 232.63 230.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 246.84 230.15 Td (purchased ) Tj ET Q
q 0 0 0 rg BT 291.36 230.15 Td (securities. ) Tj ET Q
q 0 0 0 rg BT 335.60 230.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 337.56 230.15 Td (Investors ) Tj ET Q
q 0 0 0 rg BT 378.02 230.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 395.14 230.15 Td (creditors ) Tj ET Q
q 0 0 0 rg BT 433.84 230.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 444.54 230.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 468.08 230.15 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 492.21 230.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 513.99 230.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 526.45 230.15 Td (recourse ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 217.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.79 217.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.25 217.55 Td (general ) Tj ET Q
q 0 0 0 rg BT 109.77 217.55 Td (credit ) Tj ET Q
q 0 0 0 rg BT 136.29 217.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 147.67 217.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 174.79 217.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 186.16 217.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 210.36 217.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 241.57 217.55 Td (beyond ) Tj ET Q
q 0 0 0 rg BT 275.10 217.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 287.65 217.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 336.35 217.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 347.15 217.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 371.35 217.55 Td (funds.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 192.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.11 192.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 103.23 192.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 121.68 192.35 Td (consolidates ) Tj ET Q
q 0 0 0 rg BT 175.12 192.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 205.11 192.35 Td (VRE ) Tj ET Q
q 0 0 0 rg BT 227.65 192.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 265.34 192.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 285.55 192.35 Td (seed ) Tj ET Q
q 0 0 0 rg BT 305.74 192.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 335.26 192.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 386.96 192.35 Td (where ) Tj ET Q
q 0 0 0 rg BT 414.15 192.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 437.26 192.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 467.38 192.35 Td (maintains ) Tj ET Q
q 0 0 0 rg BT 509.74 192.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 515.94 192.35 Td (controlling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 179.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 88.92 179.75 Td (interest ) Tj ET Q
q 0 0 0 rg BT 122.01 179.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 132.36 179.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.38 179.75 Td (product. ) Tj ET Q
q 0 0 0 rg BT 184.27 179.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 185.97 179.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 199.83 179.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 210.76 179.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 240.35 179.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 255.66 179.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 281.47 179.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 307.28 179.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 324.63 179.75 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 350.44 179.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 374.20 179.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 404.97 179.75 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 460.23 179.75 Td (four) Tj ET Q
q 0 0 0 rg BT 477.30 179.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 482.12 179.75 Td (five ) Tj ET Q
q 0 0 0 rg BT 500.63 179.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 517.97 179.75 Td (eight ) Tj ET Q
q 0 0 0 rg BT 541.00 179.75 Td (VRE ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 167.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 88.79 167.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 110.08 167.15 Td (seed ) Tj ET Q
q 0 0 0 rg BT 131.36 167.15 Td (capital ) Tj ET Q
q 0 0 0 rg BT 161.97 167.15 Td (investments ) Tj ET Q
q 0 0 0 rg BT 214.76 167.15 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 249.47 167.15 Td ($41,774) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 283.59 167.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 288.84 167.15 Td ($24,924) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 322.97 167.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 328.22 167.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 346.00 167.15 Td ($31,959) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 380.13 167.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 385.38 167.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 435.42 167.15 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 141.95 Td (See ) Tj ET Q
q 0 0 0 rg BT 67.79 141.95 Td (Note ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.82 141.95 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 96.07 141.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.70 141.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 113.57 141.95 Td (additional ) Tj ET Q
q 0 0 0 rg BT 158.18 141.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 210.38 141.95 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 253.05 141.95 Td (VIEs, ) Tj ET Q
q 0 0 0 rg BT 279.69 141.95 Td (VREs, ) Tj ET Q
q 0 0 0 rg BT 310.03 141.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 327.81 141.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 343.26 141.95 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 402.47 141.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 413.84 141.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 462.54 141.95 Td (products.) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
287 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 288 0 R>>
endobj
288 0 obj
<</Length 21250>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (141) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.84 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.18 741.75 Td (tables ) Tj ET Q
q 0 0 0 rg BT 139.19 741.75 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 168.51 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.85 741.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 214.93 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 226.19 741.75 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 250.88 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 268.55 741.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 292.63 741.75 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 348.22 741.75 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 393.31 741.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 441.90 741.75 Td (products ) Tj ET Q
q 0 0 0 rg BT 480.57 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 491.25 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 506.59 741.75 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (Balance ) Tj ET Q
q 0 0 0 rg BT 86.44 729.15 Td (Sheets ) Tj ET Q
q 0 0 0 rg BT 116.48 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.26 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.72 729.15 Td (Consolidated ) Tj ET Q
q 0 0 0 rg BT 207.76 729.15 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 256.46 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.83 729.15 Td (Income ) Tj ET Q
q 0 0 0 rg BT 301.94 729.15 Td (\(Loss\):) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 706.55 Td (Consolidating Balance Sheets) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
108.5 683.05 m
166.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
166.5 683.05 m
170.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170.5 683.05 m
209.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
209.5 683.05 m
213.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.5 683.05 m
280.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
280.5 683.05 m
284.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
284.5 683.05 m
339.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 683.05 m
397.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
397.5 683.05 m
401.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 683.05 m
439.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
439.5 683.05 m
443.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 683.05 m
507.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507.5 683.05 m
511.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
511.5 683.05 m
562.5 683.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 636.05 m
104.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
108.5 636.05 m
166.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170.5 636.05 m
209.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.5 636.05 m
280.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
284.5 636.05 m
339.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 636.05 m
397.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 636.05 m
439.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 636.05 m
507.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
511.5 636.05 m
562.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
108.5 636.05 m
166.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170.5 636.05 m
209.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.5 636.05 m
280.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 636.05 m
397.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 636.05 m
439.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 636.05 m
507.5 636.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 592.05 m
104.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
284.5 592.05 m
339.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 592.05 m
397.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 592.05 m
439.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
511.5 592.05 m
562.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 579.05 m
104.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
108.5 592.05 m
166.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
108.5 579.05 m
166.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170.5 592.05 m
209.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170.5 579.05 m
209.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.5 592.05 m
280.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.5 579.05 m
280.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
284.5 579.05 m
339.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 592.05 m
397.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 579.05 m
397.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 592.05 m
439.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 579.05 m
439.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 592.05 m
507.5 592.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 579.05 m
507.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
511.5 579.05 m
562.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 579.05 m
397.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 579.05 m
439.5 579.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 535.05 m
104.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170.5 535.05 m
209.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
284.5 535.05 m
339.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 535.05 m
397.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 535.05 m
439.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
511.5 535.05 m
562.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 513.05 m
104.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
108.5 535.05 m
166.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
108.5 513.05 m
166.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170.5 513.05 m
209.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.5 535.05 m
280.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.5 513.05 m
280.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
284.5 513.05 m
339.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 535.05 m
397.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 513.05 m
397.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 535.05 m
439.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 513.05 m
439.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 535.05 m
507.5 535.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 513.05 m
507.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
511.5 513.05 m
562.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 513.05 m
397.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 513.05 m
439.5 513.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 443.05 m
104.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
284.5 443.05 m
339.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 443.05 m
397.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 443.05 m
439.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
511.5 443.05 m
562.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 413.05 m
104.5 413.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
108.5 443.05 m
166.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
108.5 413.05 m
166.5 413.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170.5 443.05 m
209.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
170.5 413.05 m
209.5 413.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.5 443.05 m
280.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.5 413.05 m
280.5 413.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
284.5 413.05 m
339.5 413.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 443.05 m
397.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
343.5 413.05 m
397.5 413.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 443.05 m
439.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
401.5 413.05 m
439.5 413.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 443.05 m
507.5 443.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443.5 413.05 m
507.5 413.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
511.5 413.05 m
562.5 413.05 l
s
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 53.00 687.39 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 195.35 687.39 Td (Mar) Tj ET Q
q 0 0 0 rg BT 211.24 687.39 Td (ch 31, 2020) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 425.45 687.41 Td (March 31, 2019) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 53.00 640.39 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 122.55 674.39 Td (Balance ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 125.00 665.89 Td (Befor) Tj ET Q
q 0 0 0 rg BT 145.14 665.89 Td (e ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 111.70 657.39 Td (Consolidation ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 115.00 648.89 Td (of CIVs and ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 122.90 640.39 Td (Other) Tj ET Q
BT /F2 8.50 Tf ET
BT /F2 5.52 Tf ET
q 0 0 0 rg BT 144.62 644.24 Td (\(1\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 180.05 657.39 Td (CIVs ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 182.60 648.89 Td (and ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 175.40 640.39 Td (Other) Tj ET Q
BT /F2 8.50 Tf ET
BT /F2 5.52 Tf ET
q 0 0 0 rg BT 197.12 644.24 Td (\(1\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 216.50 648.89 Td (Reclassifications) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 218.75 640.39 Td (& Eliminations) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 287.60 648.89 Td (Consolidated) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 300.55 640.39 Td (T) Tj ET Q
q 0 0 0 rg BT 305.44 640.39 Td (otals) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 356.30 674.41 Td (Balance ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 358.40 665.91 Td (Before ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 346.15 657.41 Td (Consolidation ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 349.20 648.91 Td (of CIVs and ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 357.10 640.41 Td (Other) Tj ET Q
BT /F1 8.50 Tf ET
BT /F1 5.52 Tf ET
q 0 0 0 rg BT 376.45 644.26 Td (\(1\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 411.00 657.41 Td (CIVs ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 413.85 648.91 Td (and ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 407.10 640.41 Td (Other) Tj ET Q
BT /F1 8.50 Tf ET
BT /F1 5.52 Tf ET
q 0 0 0 rg BT 426.45 644.26 Td (\(1\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 446.20 648.91 Td (Reclassifications) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 448.90 640.41 Td (& Eliminations) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 514.05 648.91 Td (Consolidated) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 526.15 640.41 Td (T) Tj ET Q
q 0 0 0 rg BT 530.75 640.41 Td (otals) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 626.91 Td (Current) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 618.41 Td (Assets) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 111.00 618.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.15 618.39 Td (1,942,583) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 173.00 618.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 178.00 618.39 Td (131,869) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 216.00 618.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 250.90 618.39 Td (\(34,828) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 277.15 618.39 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 287.00 618.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 302.15 618.39 Td (2,039,624) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 346.00 618.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 360.15 618.41 Td (1,916,485) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 404.00 618.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 408.50 618.41 Td (144,091) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 446.00 618.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 477.90 618.41 Td (\(40,720) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 504.15 618.41 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 514.00 618.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.10 618.41 Td (2,019,856) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 604.91 Td (Non-current) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 596.41 Td (assets) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.15 596.39 Td (5,945,353) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 182.25 596.39 Td (22,313) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 255.15 596.39 Td (\(1,170) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 277.15 596.39 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 302.15 596.39 Td (5,966,496) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 360.15 596.41 Td (5,768,265) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 417.00 596.41 Td (8,993) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 482.15 596.41 Td (\(2,992) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 504.15 596.41 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.10 596.41 Td (5,774,266) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 583.41 Td (T) Tj ET Q
q 0 0 0 rg BT 57.60 583.41 Td (otal ) Tj ET Q
q 0 0 0 rg BT 72.00 583.41 Td (Assets) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 111.00 583.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.15 583.39 Td (7,887,936) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 173.00 583.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 178.00 583.39 Td (154,182) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 216.00 583.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 250.90 583.39 Td (\(35,998) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 277.15 583.39 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 287.00 583.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 302.15 583.39 Td (8,006,120) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 346.00 583.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 360.15 583.41 Td (7,684,750) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 404.00 583.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 408.50 583.41 Td (153,084) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 446.00 583.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 477.90 583.41 Td (\(43,712) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 504.15 583.41 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 514.00 583.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.10 583.41 Td (7,794,122) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 569.91 Td (Current) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 561.41 Td (Liabilities) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 111.00 561.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 135.50 561.39 Td (925,013) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 173.00 561.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 186.50 561.39 Td (1,044) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 216.00 561.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 268.65 561.39 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 287.00 561.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 308.50 561.39 Td (926,057) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 346.00 561.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 360.15 561.41 Td (1,104,002) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 404.00 561.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 417.00 561.41 Td (5,742) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 446.00 561.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 495.65 561.41 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 514.00 561.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.10 561.41 Td (1,109,744) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 547.91 Td (Non-current) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 539.41 Td (liabilities) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.15 539.39 Td (2,543,968) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 195.65 539.73 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 268.65 539.39 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 302.15 539.39 Td (2,543,968) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 360.15 539.41 Td (2,302,463) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 427.65 539.41 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 495.65 539.41 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.10 539.41 Td (2,302,463) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 525.91 Td (T) Tj ET Q
q 0 0 0 rg BT 57.90 525.91 Td (otal) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 517.41 Td (Liabilities) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.15 517.39 Td (3,468,981) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 186.50 517.39 Td (1,044) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 268.65 517.39 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 302.15 517.39 Td (3,470,025) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 360.15 517.41 Td (3,406,465) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 417.00 517.41 Td (5,742) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 495.65 517.41 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.10 517.41 Td (3,412,207) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 503.91 Td (Redeemable) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 495.41 Td (Non-) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 486.91 Td (controlling) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 478.41 Td (interests) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 135.50 478.39 Td (597,274) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 197.15 478.39 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 249.50 478.39 Td (1) Tj ET Q
q 0 0 0 rg BT 253.75 478.39 Td (17,140) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 308.50 478.39 Td (714,414) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 366.50 478.41 Td (588,746) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 427.65 478.41 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 476.50 478.41 Td (103,630) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.50 478.41 Td (692,376) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 464.41 Td (T) Tj ET Q
q 0 0 0 rg BT 57.90 464.41 Td (otal Stock-) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 455.91 Td (holders�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 447.41 Td (Equity) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.15 447.39 Td (3,821,681) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 178.00 447.39 Td (153,138) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 246.65 447.39 Td (\(153,138) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 277.15 447.39 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 302.15 447.39 Td (3,821,681) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 360.15 447.41 Td (3,689,539) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 408.50 447.41 Td (147,342) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 473.65 447.41 Td (\(147,342) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 504.15 447.41 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.10 447.41 Td (3,689,539) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 434.41 Td (T) Tj ET Q
q 0 0 0 rg BT 57.60 434.41 Td (otal) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 425.91 Td (Liabilities) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 62.00 417.41 Td (and Equity) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 111.00 417.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.15 417.39 Td (7,887,936) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 173.00 417.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 178.00 417.39 Td (154,182) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 216.00 417.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 250.90 417.39 Td (\(35,998) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 277.15 417.39 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 287.00 417.39 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 302.15 417.39 Td (8,006,120) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 346.00 417.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 360.15 417.41 Td (7,684,750) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 404.00 417.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 408.50 417.41 Td (153,084) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 446.00 417.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 477.90 417.41 Td (\(43,712) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 504.15 417.41 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 514.00 417.41 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.10 417.41 Td (7,794,122) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 403.35 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 68.00 403.35 Td (Other ) Tj ET Q
q 0 0 0 rg BT 89.48 403.35 Td (represents ) Tj ET Q
q 0 0 0 rg BT 126.06 403.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 171.15 403.35 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 207.74 403.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 247.17 403.35 Td (product ) Tj ET Q
q 0 0 0 rg BT 275.11 403.35 Td (VREs ) Tj ET Q
q 0 0 0 rg BT 297.54 403.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 312.41 403.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 324.91 403.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 337.90 403.35 Td (designated ) Tj ET Q
q 0 0 0 rg BT 376.38 403.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 385.58 403.35 Td (CIVs.) Tj ET Q
endstream
endobj
289 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 290 0 R>>
endobj
290 0 obj
<</Length 31972>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (142) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.90 Td (Consolidating ) Tj ET Q
q 0 0 0 rg BT 113.31 741.90 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 163.20 741.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 174.57 741.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 209.86 741.90 Td (\(Loss\) ) Tj ET Q
BT /F5 8.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 1 1 1 rg BT 242.31 737.05 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 717.4 m
383.5 717.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.5 717.4 m
388.5 717.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 717.4 m
440.5 717.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440.5 717.4 m
444.5 717.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 717.4 m
497.5 717.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.5 717.4 m
502.5 717.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 717.4 m
556.5 717.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 668.4 m
322.5 668.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 668.4 m
383.5 668.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 668.4 m
440.5 668.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 668.4 m
497.5 668.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 668.4 m
556.5 668.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 640.4 m
322.5 640.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 640.4 m
383.5 640.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 640.4 m
440.5 640.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 640.4 m
497.5 640.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 640.4 m
556.5 640.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 640.4 m
383.5 640.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 640.4 m
440.5 640.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 640.4 m
497.5 640.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 640.4 m
556.5 640.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 612.4 m
322.5 612.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 612.4 m
383.5 612.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 612.4 m
440.5 612.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 612.4 m
497.5 612.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 612.4 m
556.5 612.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 612.4 m
383.5 612.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 612.4 m
440.5 612.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 612.4 m
497.5 612.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 612.4 m
556.5 612.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 584.4 m
322.5 584.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 584.4 m
383.5 584.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 584.4 m
440.5 584.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 584.4 m
497.5 584.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 584.4 m
556.5 584.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 584.4 m
383.5 584.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 584.4 m
440.5 584.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 584.4 m
497.5 584.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 584.4 m
556.5 584.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 556.4 m
322.5 556.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 556.4 m
383.5 556.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 556.4 m
440.5 556.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 556.4 m
497.5 556.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 556.4 m
556.5 556.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
54.5 542.4 m
322.5 542.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 556.4 m
383.5 556.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 542.4 m
383.5 542.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 556.4 m
440.5 556.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
388.5 542.4 m
440.5 542.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 556.4 m
497.5 556.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 542.4 m
497.5 542.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 556.4 m
556.5 556.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 542.4 m
556.5 542.4 l
s
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 57.00 721.74 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 390.50 721.74 Td (Y) Tj ET Q
q 0 0 0 rg BT 396.17 721.74 Td (ear) Tj ET Q
q 0 0 0 rg BT 407.42 721.74 Td ( Ended Mar) Tj ET Q
q 0 0 0 rg BT 451.18 721.74 Td (ch 31, 2020) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 672.76 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 340.05 706.74 Td (Balance ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 342.50 698.24 Td (Befor) Tj ET Q
q 0 0 0 rg BT 362.64 698.24 Td (e) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 329.20 689.74 Td (Consolidation ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 332.50 681.24 Td (of CIVs and ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 340.40 672.74 Td (Other) Tj ET Q
BT /F2 8.50 Tf ET
BT /F2 5.52 Tf ET
q 0 0 0 rg BT 362.12 676.59 Td (\(1\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 396.60 681.24 Td (CIVs and ) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 399.90 672.74 Td (Other) Tj ET Q
BT /F2 8.50 Tf ET
BT /F2 5.52 Tf ET
q 0 0 0 rg BT 421.62 676.59 Td (\(1\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 447.35 672.74 Td (Eliminations) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 505.10 681.24 Td (Consolidated) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 518.05 672.74 Td (T) Tj ET Q
q 0 0 0 rg BT 522.94 672.74 Td (otals) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 658.76 Td (T) Tj ET Q
q 0 0 0 rg BT 61.90 658.76 Td (otal Operating Revenues) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 329.00 658.74 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 346.15 658.74 Td (2,922,527) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 391.00 658.74 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 428.65 658.74 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 447.00 658.74 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 478.55 658.79 Td (\(402) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 494.15 658.74 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 505.00 658.74 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 519.15 658.74 Td (2,922,125) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 644.76 Td (T) Tj ET Q
q 0 0 0 rg BT 61.90 644.76 Td (otal Operating Expenses) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 346.15 644.74 Td (2,415,473) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 418.00 644.74 Td (1,498) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 487.05 644.79 Td (\(6) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 494.15 644.74 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 519.15 644.74 Td (2,416,965) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 630.76 Td (Operating Income \(Loss\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 352.50 630.74 Td (507,054) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 415.15 630.74 Td (\(1,498) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 437.15 630.74 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 478.55 630.79 Td (\(396) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 494.15 630.74 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 525.50 630.74 Td (505,160) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 616.76 Td (T) Tj ET Q
q 0 0 0 rg BT 61.90 616.76 Td (otal Non-Operating Income \(Expense\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 349.65 616.74 Td (\(109,426) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 380.15 616.74 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 413.75 616.74 Td (19,726) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 472.15 616.74 Td (\(4,926) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 494.15 616.74 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 526.90 616.74 Td (\(94,626) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 553.15 616.74 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 602.76 Td (Income \(Loss\) Before Income ) Tj ET Q
q 0 0 0 rg BT 161.25 602.76 Td (T) Tj ET Q
q 0 0 0 rg BT 166.06 602.76 Td (ax Provision \(Benefit\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 352.50 602.74 Td (397,628) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 413.75 602.74 Td (18,228) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 472.15 602.74 Td (\(5,322) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 494.15 602.74 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 525.50 602.74 Td (410,534) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 588.76 Td (Income tax provision) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 352.50 588.74 Td (106,048) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 428.65 588.74 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 485.65 588.74 Td (�) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 525.50 588.74 Td (106,048) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 574.76 Td (Net Income \(Loss\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 352.50 574.74 Td (291,580) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 413.75 574.74 Td (18,228) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 472.15 574.74 Td (\(5,322) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 494.15 574.74 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 525.50 574.74 Td (304,486) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 560.76 Td (Less:��Net income \(loss\) attributable to noncontrolling interests) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 356.75 560.74 Td (40,213) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 418.00 560.74 Td (3,464) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 475.00 560.74 Td (9,442) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 529.75 560.74 Td (53,1) Tj ET Q
q 0 0 0 rg BT 544.63 560.74 Td (19) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 57.00 546.76 Td (Net Income \(Loss\) ) Tj ET Q
q 0 0 0 rg BT 122.39 546.76 Td (Attributable to Legg Mason, Inc.) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 329.00 546.74 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 352.50 546.74 Td (251,367) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 391.00 546.74 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 413.75 546.74 Td (14,764) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 447.00 546.74 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 467.90 546.74 Td (\(14,764) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 494.15 546.74 Td (\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 505.00 546.74 Td ($) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 525.50 546.74 Td (251,367) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 532.70 Td (\(1\)  Other represents consolidated sponsored investment products \(VREs\) that are not designated as CIVs.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 508.2 m
382.5 508.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
382.5 508.2 m
386.5 508.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 508.2 m
440.5 508.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
440.5 508.2 m
444.5 508.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 508.2 m
497.5 508.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.5 508.2 m
501.5 508.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
501.5 508.2 m
555.5 508.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 459.2 m
321.5 459.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 459.2 m
382.5 459.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 459.2 m
440.5 459.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 459.2 m
497.5 459.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
501.5 459.2 m
555.5 459.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 431.2 m
321.5 431.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 431.2 m
382.5 431.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 431.2 m
440.5 431.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 431.2 m
497.5 431.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
501.5 431.2 m
555.5 431.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 431.2 m
382.5 431.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 431.2 m
440.5 431.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 431.2 m
497.5 431.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 403.2 m
321.5 403.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 403.2 m
382.5 403.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 403.2 m
440.5 403.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 403.2 m
497.5 403.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
501.5 403.2 m
555.5 403.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 403.2 m
382.5 403.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 403.2 m
440.5 403.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 403.2 m
497.5 403.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 375.2 m
321.5 375.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 375.2 m
382.5 375.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 375.2 m
440.5 375.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 375.2 m
497.5 375.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
501.5 375.2 m
555.5 375.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 375.2 m
382.5 375.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 375.2 m
440.5 375.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 375.2 m
497.5 375.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
501.5 375.2 m
555.5 375.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 347.2 m
321.5 347.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 347.2 m
382.5 347.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 347.2 m
440.5 347.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 347.2 m
497.5 347.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
501.5 347.2 m
555.5 347.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 333.2 m
321.5 333.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 347.2 m
382.5 347.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
325.5 333.2 m
382.5 333.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 347.2 m
440.5 347.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
386.5 333.2 m
440.5 333.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 347.2 m
497.5 347.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444.5 333.2 m
497.5 333.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
501.5 333.2 m
555.5 333.2 l
s
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 53.00 512.54 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 392.15 512.56 Td (Y) Tj ET Q
q 0 0 0 rg BT 397.86 512.56 Td (ear Ended March 31, 2019) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 463.56 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 339.80 497.56 Td (Balance ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 341.90 489.06 Td (Before) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 329.65 480.56 Td (Consolidation ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 332.70 472.06 Td (of CIVs and ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 340.60 463.56 Td (Other) Tj ET Q
BT /F1 8.50 Tf ET
BT /F1 5.52 Tf ET
q 0 0 0 rg BT 359.95 467.41 Td (\(1\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 396.80 472.06 Td (CIVs and ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 400.10 463.56 Td (Other) Tj ET Q
BT /F1 8.50 Tf ET
BT /F1 5.52 Tf ET
q 0 0 0 rg BT 419.45 467.41 Td (\(1\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 448.75 463.56 Td (Eliminations) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 505.55 472.06 Td (Consolidated) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 517.65 463.56 Td (T) Tj ET Q
q 0 0 0 rg BT 522.25 463.56 Td (otals) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 449.56 Td (T) Tj ET Q
q 0 0 0 rg BT 57.90 449.56 Td (otal Operating Revenues) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 328.00 449.56 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 345.15 449.56 Td (2,903,858) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 389.00 449.56 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 428.65 449.56 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 447.00 449.56 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 478.55 449.61 Td (\(599) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 494.15 449.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 504.00 449.56 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 518.15 449.56 Td (2,903,259) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 435.56 Td (T) Tj ET Q
q 0 0 0 rg BT 57.90 435.56 Td (otal Operating Expenses) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 345.15 435.56 Td (2,799,168) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 418.00 435.56 Td (1,679) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 478.55 435.61 Td (\(690) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 494.15 435.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 518.15 435.56 Td (2,800,157) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 421.56 Td (Operating Income \(Loss\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 351.50 421.56 Td (104,690) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 415.15 421.56 Td (\(1,679) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 437.15 421.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 485.65 421.56 Td (91) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 524.50 421.56 Td (103,102) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 407.56 Td (T) Tj ET Q
q 0 0 0 rg BT 57.90 407.56 Td (otal Non-Operating Income \(Expense\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 352.90 407.56 Td (\(76,971) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 379.15 407.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 415.15 407.56 Td (\(2,381) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 437.15 407.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 475.00 407.56 Td (4,745) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.90 407.56 Td (\(74,607) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 552.15 407.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 393.56 Td (Income \(Loss\) Before Income ) Tj ET Q
q 0 0 0 rg BT 157.25 393.56 Td (T) Tj ET Q
q 0 0 0 rg BT 162.06 393.56 Td (ax Provision) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 355.75 393.56 Td (27,719) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 415.15 393.56 Td (\(4,060) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 437.15 393.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 475.00 393.56 Td (4,836) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 528.75 393.56 Td (28,495) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 379.56 Td (Income tax provision) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 355.75 379.56 Td (20,561) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 428.65 379.56 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 485.65 379.56 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 528.75 379.56 Td (20,561) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 365.56 Td (Net Income \(Loss\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 360.00 365.56 Td (7,158) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 415.15 365.56 Td (\(4,060) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 437.15 365.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 475.00 365.56 Td (4,836) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 533.00 365.56 Td (7,934) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 351.56 Td (Less:��Net income \(loss\) attributable to noncontrolling interests) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 355.75 351.56 Td (35,666) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 415.15 351.56 Td (\(1,816) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 437.15 351.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 475.00 351.56 Td (2,592) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 528.75 351.56 Td (36,442) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 53.00 337.56 Td (Net Income \(Loss\) ) Tj ET Q
q 0 0 0 rg BT 118.39 337.56 Td (Attributable to Legg Mason, Inc.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 328.00 337.56 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 352.90 337.56 Td (\(28,508) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 379.15 337.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 389.00 337.56 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 415.15 337.56 Td (\(2,244) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 437.15 337.56 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 447.00 337.56 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 475.00 337.56 Td (2,244) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 504.00 337.56 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 525.90 337.56 Td (\(28,508) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 552.15 337.56 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 323.50 Td (\(1\)  Other represents consolidated sponsored investment products \(VREs\) that are not designated as CIVs.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 299 m
385 299 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
385 299 m
389 299 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 299 m
443 299 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
443 299 m
447 299 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 299 m
500 299 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
500 299 m
504 299 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504 299 m
558 299 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
53 250 m
324 250 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 250 m
385 250 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 250 m
443 250 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 250 m
500 250 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504 250 m
558 250 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
53 222 m
324 222 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 222 m
385 222 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 222 m
443 222 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 222 m
500 222 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504 222 m
558 222 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 222 m
385 222 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 222 m
443 222 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 222 m
500 222 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
53 194 m
324 194 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 194 m
385 194 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 194 m
443 194 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 194 m
500 194 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504 194 m
558 194 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 194 m
385 194 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 194 m
443 194 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 194 m
500 194 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
53 166 m
324 166 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 166 m
385 166 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 166 m
443 166 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 166 m
500 166 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504 166 m
558 166 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 166 m
385 166 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 166 m
443 166 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 166 m
500 166 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504 166 m
558 166 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
53 138 m
324 138 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 138 m
385 138 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 138 m
443 138 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 138 m
500 138 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504 138 m
558 138 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
53 124 m
324 124 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 138 m
385 138 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
328 124 m
385 124 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 138 m
443 138 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 124 m
443 124 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 138 m
500 138 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
447 124 m
500 124 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504 124 m
558 124 l
s
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 55.50 303.34 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 394.65 303.36 Td (Y) Tj ET Q
q 0 0 0 rg BT 400.36 303.36 Td (ear Ended March 31, 2018) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 254.36 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 342.30 288.36 Td (Balance ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 344.40 279.86 Td (Before) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 332.15 271.36 Td (Consolidation ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 335.20 262.86 Td (of CIVs and ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 343.10 254.36 Td (Other) Tj ET Q
BT /F1 8.50 Tf ET
BT /F1 5.52 Tf ET
q 0 0 0 rg BT 362.45 258.21 Td (\(1\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 399.30 262.86 Td (CIVs and ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 402.60 254.36 Td (Other) Tj ET Q
BT /F1 8.50 Tf ET
BT /F1 5.52 Tf ET
q 0 0 0 rg BT 421.95 258.21 Td (\(1\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 451.25 254.36 Td (Eliminations) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 508.05 262.86 Td (Consolidated) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 520.15 254.36 Td (T) Tj ET Q
q 0 0 0 rg BT 524.75 254.36 Td (otals) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 240.36 Td (T) Tj ET Q
q 0 0 0 rg BT 60.40 240.36 Td (otal Operating Revenues) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 330.50 240.36 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 347.65 240.36 Td (3,140,900) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 391.50 240.36 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 431.15 240.36 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 449.50 240.36 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 481.05 240.41 Td (\(578) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 496.65 240.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 506.50 240.36 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 520.65 240.36 Td (3,140,322) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 226.36 Td (T) Tj ET Q
q 0 0 0 rg BT 60.40 226.36 Td (otal Operating Expenses) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 347.65 226.36 Td (2,816,022) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 426.90 226.36 Td (927) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 481.05 226.41 Td (\(628) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 496.65 226.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 520.65 226.36 Td (2,816,321) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 212.36 Td (Operating Income \(Loss\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 354.00 212.36 Td (324,878) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 424.05 212.41 Td (\(927) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 439.65 212.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 488.15 212.36 Td (50) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 527.00 212.36 Td (324,001) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 198.36 Td (T) Tj ET Q
q 0 0 0 rg BT 60.40 198.36 Td (otal Non-Operating Income \(Expense\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 355.40 198.36 Td (\(97,694) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 381.65 198.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 416.25 198.36 Td (10,046) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 474.65 198.36 Td (\(2,513) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 496.65 198.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 528.40 198.36 Td (\(90,161) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 554.65 198.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 184.36 Td (Income \(Loss\) Before Income ) Tj ET Q
q 0 0 0 rg BT 159.75 184.36 Td (T) Tj ET Q
q 0 0 0 rg BT 164.56 184.36 Td (ax Provision) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 354.00 184.36 Td (227,184) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 420.50 184.36 Td (9,1) Tj ET Q
q 0 0 0 rg BT 431.13 184.36 Td (19) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 474.65 184.36 Td (\(2,463) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 496.65 184.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 527.00 184.36 Td (233,840) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 170.36 Td (Income tax benefit) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 351.15 170.36 Td (\(102,510) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 381.65 170.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 431.15 170.36 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 488.15 170.36 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 524.15 170.36 Td (\(102,510) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 554.65 170.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 156.36 Td (Net Income \(Loss\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 354.00 156.36 Td (329,694) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 420.50 156.36 Td (9,1) Tj ET Q
q 0 0 0 rg BT 431.13 156.36 Td (19) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 474.65 156.36 Td (\(2,463) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 496.65 156.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 527.00 156.36 Td (336,350) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 142.36 Td (Less:��Net income \(loss\) attributable to noncontrolling interests) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 358.25 142.36 Td (44,619) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 426.90 142.36 Td (265) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 477.50 142.36 Td (6,391) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 531.25 142.36 Td (51,275) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 55.50 128.36 Td (Net Income \(Loss\) ) Tj ET Q
q 0 0 0 rg BT 120.89 128.36 Td (Attributable to Legg Mason, Inc.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 330.50 128.36 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 354.00 128.36 Td (285,075) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 391.50 128.36 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 420.50 128.36 Td (8,854) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 449.50 128.36 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 474.65 128.36 Td (\(8,854) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 496.65 128.36 Td (\)) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 506.50 128.36 Td ($) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 527.00 128.36 Td (285,075) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 114.30 Td (\(1\)  Other represents consolidated sponsored investment products \(VREs\) that are not designated as CIVs.) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 87.70 Td (Non-Operating ) Tj ET Q
q 0 0 0 rg BT 116.37 87.70 Td (Income ) Tj ET Q
q 0 0 0 rg BT 150.66 87.70 Td (\(Expense\) ) Tj ET Q
q 0 0 0 rg BT 196.03 87.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.58 87.70 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 232.56 87.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 250.53 87.70 Td (Other ) Tj ET Q
q 0 0 0 rg BT 277.24 87.70 Td (includes ) Tj ET Q
q 0 0 0 rg BT 315.04 87.70 Td (interest ) Tj ET Q
q 0 0 0 rg BT 348.75 87.70 Td (income, ) Tj ET Q
q 0 0 0 rg BT 385.09 87.70 Td (interest ) Tj ET Q
q 0 0 0 rg BT 418.80 87.70 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 458.05 87.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 476.02 87.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 491.65 87.70 Td (gains ) Tj ET Q
q 0 0 0 rg BT 516.62 87.70 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 551.51 87.70 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 75.10 Td (investments.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 49.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 49.90 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 128.15 49.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 139.52 49.90 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 164.32 49.90 Td (has ) Tj ET Q
q 0 0 0 rg BT 180.94 49.90 Td (no ) Tj ET Q
q 0 0 0 rg BT 194.07 49.90 Td (impact ) Tj ET Q
q 0 0 0 rg BT 225.26 49.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 238.39 49.90 Td (Net ) Tj ET Q
q 0 0 0 rg BT 256.18 49.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 290.29 49.90 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 319.16 49.90 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 372.52 49.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 383.32 49.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 407.52 49.90 Td (Mason,�Inc.) Tj ET Q
endstream
endobj
291 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 292 0 R>>
endobj
292 0 obj
<</Length 27899>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (143) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 741.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 64.53 741.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 76.13 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 106.40 741.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.38 741.75 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 143.38 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 146.24 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 164.26 741.75 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 190.74 741.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 230.33 741.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 257.69 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.29 741.75 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 294.32 741.75 Td (carried ) Tj ET Q
q 0 0 0 rg BT 326.32 741.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 336.76 741.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 354.19 741.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 379.78 741.75 Td (totaling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.72 741.75 Td ($93,648) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 448.85 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 451.71 741.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 469.72 741.75 Td ($70,197) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 503.85 741.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 509.33 741.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 559.38 741.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 729.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 73.58 729.15 Td (valued ) Tj ET Q
q 0 0 0 rg BT 104.76 729.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 130.70 729.15 Td (Level ) Tj ET Q
q 0 0 0 rg BT 157.78 729.15 Td (1 ) Tj ET Q
q 0 0 0 rg BT 166.22 729.15 Td (inputs, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 197.70 729.15 Td ($23,1) Tj ET Q
q 0 0 0 rg BT 220.93 729.15 Td (18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 231.43 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 234.62 729.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.96 729.15 Td ($55,182) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 287.09 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 292.90 729.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 342.94 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 348.75 729.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 372.34 729.15 Td (valued ) Tj ET Q
q 0 0 0 rg BT 403.51 729.15 Td (using ) Tj ET Q
q 0 0 0 rg BT 429.45 729.15 Td (Level ) Tj ET Q
q 0 0 0 rg BT 456.53 729.15 Td (2 ) Tj ET Q
q 0 0 0 rg BT 464.97 729.15 Td (inputs, ) Tj ET Q
q 0 0 0 rg BT 496.45 729.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 514.79 729.15 Td ($2,029) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.67 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 546.85 729.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 716.55 Td ($12,547) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.13 716.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 89.20 716.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 139.24 716.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 144.31 716.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 167.16 716.55 Td (valued ) Tj ET Q
q 0 0 0 rg BT 197.60 716.55 Td (using ) Tj ET Q
q 0 0 0 rg BT 222.80 716.55 Td (NA) Tj ET Q
q 0 0 0 rg BT 236.61 716.55 Td (V) Tj ET Q
q 0 0 0 rg BT 244.00 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 246.45 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 257.65 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 264.75 716.55 Td (practical ) Tj ET Q
q 0 0 0 rg BT 303.34 716.55 Td (expedient. ) Tj ET Q
q 0 0 0 rg BT 349.23 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 351.14 716.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 365.25 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 376.45 716.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 406.30 716.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 421.87 716.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 447.94 716.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 487.12 716.55 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 528.65 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 539.84 716.55 Td (CIVs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 703.95 Td (carried ) Tj ET Q
q 0 0 0 rg BT 82.10 703.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 92.63 703.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 110.15 703.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 135.84 703.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 147.54 703.95 Td ($4,217) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 176.42 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 179.37 703.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 202.73 703.95 Td (valued ) Tj ET Q
q 0 0 0 rg BT 233.67 703.95 Td (using ) Tj ET Q
q 0 0 0 rg BT 259.37 703.95 Td (Level ) Tj ET Q
q 0 0 0 rg BT 286.23 703.95 Td (2 ) Tj ET Q
q 0 0 0 rg BT 294.43 703.95 Td (inputs. ) Tj ET Q
q 0 0 0 rg BT 325.68 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 328.42 703.95 Td (There ) Tj ET Q
q 0 0 0 rg BT 355.86 703.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 379.21 703.95 Td (no ) Tj ET Q
q 0 0 0 rg BT 392.67 703.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 432.35 703.95 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 474.38 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 486.08 703.95 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 511.20 703.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 522.90 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 534.60 703.95 Td (March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 689.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 65.75 689.95 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.38 689.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 104.00 689.95 Td ( ) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 665.35 Td (There ) Tj ET Q
q 0 0 0 rg BT 76.95 665.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 99.81 665.35 Td (no ) Tj ET Q
q 0 0 0 rg BT 112.78 665.35 Td (transfers ) Tj ET Q
q 0 0 0 rg BT 151.39 665.35 Td (between ) Tj ET Q
q 0 0 0 rg BT 188.84 665.35 Td (Level�1 ) Tj ET Q
q 0 0 0 rg BT 223.08 665.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 240.71 665.35 Td (Level ) Tj ET Q
q 0 0 0 rg BT 267.08 665.35 Td (2 ) Tj ET Q
q 0 0 0 rg BT 274.79 665.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 301.75 665.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 312.97 665.35 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 354.51 665.35 Td (during ) Tj ET Q
q 0 0 0 rg BT 384.39 665.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 399.68 665.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 424.30 665.35 Td (ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.84 665.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 481.71 665.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 497.30 665.35 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 518.30 665.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 520.76 665.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 538.39 665.35 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 559.39 665.35 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 640.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.95 640.15 Td (NA) Tj ET Q
q 0 0 0 rg BT 82.76 640.15 Td (Vs ) Tj ET Q
q 0 0 0 rg BT 97.05 640.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 118.92 640.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 130.29 640.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 137.57 640.15 Td (practical ) Tj ET Q
q 0 0 0 rg BT 176.33 640.15 Td (expedient ) Tj ET Q
q 0 0 0 rg BT 219.77 640.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 232.89 640.15 Td (CIVs ) Tj ET Q
q 0 0 0 rg BT 257.68 640.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 280.12 640.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 302.56 640.15 Td (provided ) Tj ET Q
q 0 0 0 rg BT 342.51 640.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 355.63 640.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 371.08 640.15 Td (investees ) Tj ET Q
q 0 0 0 rg BT 412.19 640.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 429.97 640.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 452.42 640.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 474.86 640.15 Td (derived ) Tj ET Q
q 0 0 0 rg BT 508.96 640.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 532.00 640.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 547.44 640.15 Td (fair ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 627.55 Td (values ) Tj ET Q
q 0 0 0 rg BT 80.00 627.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 91.91 627.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 107.91 627.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 156.58 627.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 209.91 627.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 221.83 627.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 233.75 627.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 249.75 627.55 Td (respective ) Tj ET Q
q 0 0 0 rg BT 295.48 627.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 337.14 627.55 Td (dates. ) Tj ET Q
q 0 0 0 rg BT 364.51 627.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.45 627.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 386.95 627.55 Td (following ) Tj ET Q
q 0 0 0 rg BT 430.95 627.55 Td (table ) Tj ET Q
q 0 0 0 rg BT 454.53 627.55 Td (summarizes ) Tj ET Q
q 0 0 0 rg BT 507.85 627.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 523.85 627.55 Td (nature ) Tj ET Q
q 0 0 0 rg BT 553.26 627.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 614.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 74.20 614.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 126.99 614.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 144.77 614.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 162.56 614.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 193.75 614.95 Td (liquidation ) Tj ET Q
q 0 0 0 rg BT 241.87 614.95 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 291.15 614.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 302.53 614.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 326.73 614.95 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 360.54 614.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 388.83 614.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 409.53 614.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 440.73 614.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 456.19 614.95 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 493.22 614.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 518.58 614.95 Td (realized:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 589.45 m
127.5 589.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.5 589.45 m
236.5 589.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240.5 589.45 m
317.5 589.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
317.5 589.45 m
332.5 589.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 589.45 m
422.5 589.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 589.45 m
502.5 589.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
502.5 589.45 m
506.5 589.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506.5 589.45 m
562.5 589.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 563.45 m
127.5 563.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.5 563.45 m
236.5 563.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 589.45 m
422.5 589.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 563.45 m
422.5 563.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
426.5 563.45 m
502.5 563.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
506.5 563.45 m
562.5 563.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
240.5 563.45 m
317.5 563.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.5 563.45 m
422.5 563.45 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 257.50 594.22 Td (Fair ) Tj ET Q
q 0 0 0 rg BT 276.94 594.22 Td (V) Tj ET Q
q 0 0 0 rg BT 283.85 594.22 Td (alue Determined Using NA) Tj ET Q
q 0 0 0 rg BT 397.77 594.22 Td (V) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.75 594.22 Td (As of March 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.55 578.72 Td (Category of) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.15 568.22 Td (Investment) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 141.35 568.22 Td (Investment Strategy) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 243.70 568.24 Td (Mar) Tj ET Q
q 0 0 0 rg BT 263.33 568.24 Td (ch 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 343.60 568.22 Td (March 31, 2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.00 568.22 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 443.00 578.72 Td (Unfunded) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.20 568.22 Td (Commitments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 510.95 578.72 Td (Remaining) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 522.95 568.22 Td (T) Tj ET Q
q 0 0 0 rg BT 529.00 568.22 Td (erm) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 511.22 Td (Hedge funds) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 134.00 553.22 Td (Global macro, fixed) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 134.00 542.72 Td (income, long/short) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 134.00 532.22 Td (equity) Tj ET Q
q 0 0 0 rg BT 159.56 532.22 Td (, systematic,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 134.00 521.72 Td (emer) Tj ET Q
q 0 0 0 rg BT 154.80 521.72 Td (ging market, U.S.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 134.00 511.22 Td (and European hedge) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 243.00 511.24 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 289.85 511.24 Td (2,029) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 320.00 516.65 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 335.00 511.22 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.60 511.22 Td (12,547) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 457.55 511.22 Td (n/a) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 527.55 511.22 Td (n/a) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 496.75 Td (n/a ) Tj ET Q
q 0 0 0 rg BT 62.51 496.75 Td (- ) Tj ET Q
q 0 0 0 rg BT 67.47 496.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 80.45 496.75 Td (applicable) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 486.55 Td (\(1\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 486.55 Td (Redemption ) Tj ET Q
q 0 0 0 rg BT 111.68 486.55 Td (restrictions: ) Tj ET Q
q 0 0 0 rg BT 153.93 486.55 Td ( ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 156.06 486.55 Td (1) Tj ET Q
q 0 0 0 rg BT 159.99 486.55 Td (1%) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 171.32 486.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 173.45 486.55 Td (monthly ) Tj ET Q
q 0 0 0 rg BT 203.91 486.55 Td (redemption; ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 247.11 486.55 Td (89%) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 262.69 486.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 264.81 486.55 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 297.62 486.55 Td (redemption.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 461.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.65 461.35 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 112.29 461.35 Td (carrying ) Tj ET Q
q 0 0 0 rg BT 150.35 461.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 176.17 461.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 194.41 461.35 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 240.07 461.35 Td (risk ) Tj ET Q
q 0 0 0 rg BT 258.90 461.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 270.72 461.35 Td (loss ) Tj ET Q
q 0 0 0 rg BT 290.14 461.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 305.24 461.35 Td (VIEs ) Tj ET Q
q 0 0 0 rg BT 329.90 461.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 341.15 461.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 369.89 461.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 394.54 461.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 426.20 461.35 Td (holds ) Tj ET Q
q 0 0 0 rg BT 452.04 461.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 459.77 461.35 Td (variable ) Tj ET Q
q 0 0 0 rg BT 496.67 461.35 Td (interest, ) Tj ET Q
q 0 0 0 rg BT 533.28 461.35 Td (but ) Tj ET Q
q 0 0 0 rg BT 549.77 461.35 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 448.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 78.29 448.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 86.75 448.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 105.70 448.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 121.74 448.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 137.20 448.75 Td (primary ) Tj ET Q
q 0 0 0 rg BT 173.06 448.75 Td (beneficiary) Tj ET Q
q 0 0 0 rg BT 219.60 448.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 224.85 448.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 247.88 448.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 259.25 448.75 Td (follows:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
246.5 423.25 m
326.5 423.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.5 423.25 m
330.5 423.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330.5 423.25 m
404.5 423.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408.5 423.25 m
488.5 423.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
488.5 423.25 m
492.5 423.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492.5 423.25 m
562.5 423.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 376.25 m
242.5 376.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
246.5 376.25 m
326.5 376.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330.5 376.25 m
404.5 376.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408.5 376.25 m
488.5 376.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492.5 376.25 m
562.5 376.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
246.5 376.25 m
326.5 376.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330.5 376.25 m
404.5 376.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 346.25 m
242.5 346.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
246.5 346.25 m
326.5 346.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330.5 346.25 m
404.5 346.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408.5 346.25 m
488.5 346.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492.5 346.25 m
562.5 346.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 331.25 m
242.5 331.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
246.5 331.25 m
326.5 331.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330.5 331.25 m
404.5 331.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
408.5 331.25 m
488.5 331.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
492.5 331.25 m
562.5 331.25 l
s
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 428.02 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 277.40 428.04 Td (As of Mar) Tj ET Q
q 0 0 0 rg BT 322.70 428.04 Td (ch 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 438.75 428.02 Td (As of March 31, 2019) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 250.05 412.54 Td (Equity Inter) Tj ET Q
q 0 0 0 rg BT 305.58 412.54 Td (ests ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 272.10 402.04 Td (on the ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 256.50 391.54 Td (Consolidated ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 249.35 381.04 Td (Balance Sheet ) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 314.68 385.80 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 343.65 391.54 Td (Maximum ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 334.25 381.04 Td (Risk of Loss ) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 391.72 385.80 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.90 412.52 Td (Equity Interests ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 435.00 402.02 Td (on the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.25 391.52 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 412.80 381.02 Td (Balance Sheet ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 475.19 385.78 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 505.10 391.52 Td (Maximum ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.15 381.02 Td (Risk of Loss ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 550.87 385.78 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 366.02 Td (Real Estate Investment ) Tj ET Q
q 0 0 0 rg BT 152.34 366.02 Td (T) Tj ET Q
q 0 0 0 rg BT 158.47 366.02 Td (rusts) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 249.00 366.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 298.85 366.04 Td (2,922) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 333.00 366.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 376.85 366.04 Td (5,442) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.00 366.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.60 366.02 Td (10,812) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.00 366.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 366.02 Td (15,241) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 351.02 Td (Other investment funds) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 293.60 351.04 Td (33,365) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.60 351.04 Td (52,230) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.60 351.02 Td (25,155) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 351.02 Td (45,897) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 53.00 336.02 Td (T) Tj ET Q
q 0 0 0 rg BT 58.68 336.02 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 249.00 336.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 293.60 336.04 Td (36,287) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 333.00 336.04 Td ($) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 371.60 336.04 Td (57,672) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.00 336.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 455.60 336.02 Td (35,967) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 495.00 336.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.60 336.02 Td (61,138) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 321.55 Td (\(1\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 321.55 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 101.30 321.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 113.80 321.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 139.04 321.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 147.78 321.55 Td (investments ) Tj ET Q
q 0 0 0 rg BT 190.52 321.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 199.25 321.55 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 239.14 321.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 253.54 321.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 273.13 321.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 290.83 321.55 Td (products.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 50.00 311.35 Td (\(2\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 68.00 311.35 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 98.92 311.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 122.29 311.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 165.03 311.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 177.54 311.35 Td (Company ) Tj ET Q
q 0 0 0 rg BT 212.72 311.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 226.17 311.35 Td (made ) Tj ET Q
q 0 0 0 rg BT 246.71 311.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 255.91 311.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 263.71 311.35 Td (required ) Tj ET Q
q 0 0 0 rg BT 294.15 311.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 302.89 311.35 Td (make ) Tj ET Q
q 0 0 0 rg BT 323.42 311.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 337.82 311.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 352.21 311.35 Td (earned ) Tj ET Q
q 0 0 0 rg BT 376.99 311.35 Td (but ) Tj ET Q
q 0 0 0 rg BT 389.98 311.35 Td (uncollected ) Tj ET Q
q 0 0 0 rg BT 431.28 311.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 476.83 311.35 Td (fees.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 286.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.77 286.15 Td (Company's ) Tj ET Q
q 0 0 0 rg BT 120.02 286.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 141.37 286.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 169.31 286.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 181.50 286.15 Td (unconsolidated ) Tj ET Q
q 0 0 0 rg BT 248.27 286.15 Td (VIEs ) Tj ET Q
q 0 0 0 rg BT 273.29 286.15 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 293.06 286.15 Td ($31,325,927) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 345.56 286.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 349.01 286.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 367.61 286.15 Td ($29,025,764) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 420.11 286.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 423.55 286.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 435.74 286.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 447.93 286.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 478.78 286.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 495.35 286.15 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.35 286.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 519.79 286.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 538.39 286.15 Td (2019, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 273.55 Td (respectively) Tj ET Q
q 0 0 0 rg BT 100.05 273.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 248.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.78 248.35 Td (assets ) Tj ET Q
q 0 0 0 rg BT 95.73 248.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.94 248.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 130.79 248.35 Td (VIEs ) Tj ET Q
q 0 0 0 rg BT 154.83 248.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 170.10 248.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 211.63 248.35 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 257.83 248.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.03 248.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 290.14 248.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 307.76 248.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 328.87 248.35 Td (equivalents ) Tj ET Q
q 0 0 0 rg BT 379.15 248.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 396.77 248.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 445.30 248.35 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 490.04 248.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 507.65 248.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 522.94 248.35 Td (liabilities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 235.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.86 235.75 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 105.98 235.75 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 151.76 235.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.55 235.75 Td (various ) Tj ET Q
q 0 0 0 rg BT 195.50 235.75 Td (expense ) Tj ET Q
q 0 0 0 rg BT 231.36 235.75 Td (accruals. ) Tj ET Q
q 0 0 0 rg BT 270.42 235.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 272.31 235.75 Td (These ) Tj ET Q
q 0 0 0 rg BT 299.28 235.75 Td (VIEs ) Tj ET Q
q 0 0 0 rg BT 322.90 235.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 345.34 235.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 360.80 235.75 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 415.92 235.75 Td (because ) Tj ET Q
q 0 0 0 rg BT 451.19 235.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 474.80 235.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 505.43 235.75 Td (does ) Tj ET Q
q 0 0 0 rg BT 526.72 235.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 542.18 235.75 Td (have ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 223.15 Td (both ) Tj ET Q
q 0 0 0 rg BT 71.46 223.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 87.09 223.15 Td (power ) Tj ET Q
q 0 0 0 rg BT 116.12 223.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 127.08 223.15 Td (direct ) Tj ET Q
q 0 0 0 rg BT 153.78 223.15 Td (significant ) Tj ET Q
q 0 0 0 rg BT 200.90 223.15 Td (economic ) Tj ET Q
q 0 0 0 rg BT 244.52 223.15 Td (activities ) Tj ET Q
q 0 0 0 rg BT 285.22 223.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 296.76 223.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 312.38 223.15 Td (entity ) Tj ET Q
q 0 0 0 rg BT 339.09 223.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 357.05 223.15 Td (rights/obligations ) Tj ET Q
q 0 0 0 rg BT 433.34 223.15 Td (associated ) Tj ET Q
q 0 0 0 rg BT 479.29 223.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 500.75 223.15 Td (benefits/losses ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 210.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 68.37 210.55 Td (could ) Tj ET Q
q 0 0 0 rg BT 94.32 210.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 106.86 210.55 Td (significant ) Tj ET Q
q 0 0 0 rg BT 153.81 210.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 164.60 210.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.05 210.55 Td (entity) Tj ET Q
q 0 0 0 rg BT 203.29 210.55 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 50.00 185.35 Td (21.  Subsequent Event) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 160.15 Td (On ) Tj ET Q
q 0 0 0 rg BT 65.65 160.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 91.42 160.15 Td (3, ) Tj ET Q
q 0 0 0 rg BT 102.90 160.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 130.14 160.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 155.32 160.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 187.52 160.15 Td (borrowed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 231.36 160.15 Td ($250,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 270.74 160.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 274.35 160.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 301.86 160.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.30 160.15 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 347.36 160.15 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 397.61 160.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 409.97 160.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 418.24 160.15 Td (precautionary ) Tj ET Q
q 0 0 0 rg BT 479.57 160.15 Td (measure ) Tj ET Q
q 0 0 0 rg BT 518.16 160.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 529.94 160.15 Td (provide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 50.00 147.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 94.62 147.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 132.83 147.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 147.70 147.55 Td (general ) Tj ET Q
q 0 0 0 rg BT 181.22 147.55 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 223.49 147.55 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 263.44 147.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 274.23 147.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 289.69 147.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 322.04 147.55 Td (uncertain ) Tj ET Q
q 0 0 0 rg BT 363.73 147.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 395.51 147.55 Td (environment.) Tj ET Q
endstream
endobj
293 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 294 0 R>>
endobj
294 0 obj
<</Length 27538>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (144) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 227.40 729.30 Td (QUAR) Tj ET Q
q 0 0 0 rg BT 257.95 729.30 Td (TERL) Tj ET Q
q 0 0 0 rg BT 285.58 729.30 Td (Y) Tj ET Q
q 0 0 0 rg BT 292.77 729.30 Td ( FINANCIAL) Tj ET Q
q 0 0 0 rg BT 354.32 729.30 Td ( DA) Tj ET Q
q 0 0 0 rg BT 371.33 729.30 Td (T) Tj ET Q
q 0 0 0 rg BT 377.56 729.30 Td (A) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 147.05 716.70 Td (\(Dollars in thousands, except per shar) Tj ET Q
q 0 0 0 rg BT 308.24 716.70 Td (e amounts or unless otherwise noted\)) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 280.30 704.10 Td (\(Unaudited\)) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 679.6 m
385 679.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
385 679.6 m
389 679.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 679.6 m
444 679.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
444 679.6 m
448 679.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 679.6 m
503 679.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503 679.6 m
507 679.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 679.6 m
562 679.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 665.6 m
326 665.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 665.6 m
444 665.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 665.6 m
503 665.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 665.6 m
562 665.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 665.6 m
385 665.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 639.6 m
326 639.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 639.6 m
385 639.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 639.6 m
444 639.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 639.6 m
503 639.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 639.6 m
562 639.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 626.6 m
326 626.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 626.6 m
385 626.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 626.6 m
444 626.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 626.6 m
503 626.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 626.6 m
562 626.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 613.6 m
326 613.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 626.6 m
385 626.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 613.6 m
385 613.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 613.6 m
444 613.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 613.6 m
503 613.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 613.6 m
562 613.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 587.6 m
326 587.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 587.6 m
385 587.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 587.6 m
444 587.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 587.6 m
503 587.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 587.6 m
562 587.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 574.6 m
385 574.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 574.6 m
444 574.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 574.6 m
503 574.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 574.6 m
562 574.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 574.6 m
326 574.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 560.6 m
385 560.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 560.6 m
444 560.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 560.6 m
503 560.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 560.6 m
562 560.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 560.6 m
326 560.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 547.6 m
326 547.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 547.6 m
385 547.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 547.6 m
444 547.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 547.6 m
503 547.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 547.6 m
562 547.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49 455.6 m
326 455.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
330 455.6 m
385 455.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
389 455.6 m
444 455.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
448 455.6 m
503 455.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
507 455.6 m
562 455.6 l
s
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 412.95 684.28 Td (Quarter) Tj ET Q
q 0 0 0 rg BT 447.85 684.28 Td ( Ended) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 670.17 Td (Fiscal 2020) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 6.50 Tf ET
q 0 0 0 rg BT 97.89 674.70 Td (\(1\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 340.50 670.28 Td (Mar) Tj ET Q
q 0 0 0 rg BT 358.92 670.28 Td (.�31) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 400.45 670.28 Td (Dec.�31) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 458.05 670.28 Td (Sept.�30) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 517.45 670.28 Td (June 30) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 656.17 Td (Operating Revenues) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 332.50 656.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 348.65 656.33 Td (719,587) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 391.50 656.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 407.65 656.33 Td (753,914) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 450.50 656.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 466.65 656.33 Td (743,264) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 509.50 656.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 525.65 656.33 Td (705,360) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 643.17 Td (Operating Expenses) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 348.65 643.33 Td (553,333) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 407.65 643.33 Td (623,920) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 466.65 643.33 Td (618,287) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 525.65 643.33 Td (621,425) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 57.50 630.17 Td (Operating Income) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 348.65 630.33 Td (166,254) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 407.65 630.33 Td (129,994) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 466.65 630.33 Td (124,977) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 530.65 630.33 Td (83,935) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 617.17 Td (Non-Operating Income \(Expense\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 350.30 617.38 Td (\(65,289) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 381.15 617.33 Td (\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 414.30 617.38 Td (\(5,327) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 440.15 617.33 Td (\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 468.30 617.38 Td (\(19,692) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 499.15 617.33 Td (\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 532.30 617.38 Td (\(4,318) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 558.15 617.33 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 604.17 Td (Income before Income ) Tj ET Q
q 0 0 0 rg BT 144.42 604.17 Td (T) Tj ET Q
q 0 0 0 rg BT 150.09 604.17 Td (ax Provision) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 348.65 604.33 Td (100,965) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 407.65 604.33 Td (124,667) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 466.65 604.33 Td (105,285) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 530.65 604.33 Td (79,617) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 63.50 591.17 Td (Income tax provision) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 353.65 591.33 Td (25,582) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 412.65 591.33 Td (33,664) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 471.65 591.33 Td (28,754) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 530.65 591.33 Td (18,048) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 578.17 Td (Net Income) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 353.65 578.33 Td (75,383) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 412.65 578.33 Td (91,003) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 471.65 578.33 Td (76,531) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 530.65 578.33 Td (61,569) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.50 565.17 Td (Less: Net income attributable to noncontrolling interests) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 353.65 565.28 Td (1) Tj ET Q
q 0 0 0 rg BT 358.65 565.28 Td (1,224) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 412.65 565.28 Td (16,228) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 476.65 565.28 Td (9,448) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 530.65 565.28 Td (16,219) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 551.17 Td (Net Income ) Tj ET Q
q 0 0 0 rg BT 100.65 551.17 Td (Attributable to Legg Mason, Inc.) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 332.50 551.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 353.65 551.33 Td (64,159) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 391.50 551.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 412.65 551.33 Td (74,775) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 450.50 551.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 471.65 551.33 Td (67,083) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 509.50 551.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 530.65 551.33 Td (45,350) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 538.17 Td (Net Income per share ) Tj ET Q
q 0 0 0 rg BT 139.24 538.17 Td (Attributable to Legg Mason,�Inc. Shareholders:) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 57.50 524.17 Td (Basic) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 332.50 524.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 363.65 524.33 Td (0.71) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 391.50 524.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 422.65 524.33 Td (0.83) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 450.50 524.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 481.65 524.33 Td (0.75) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 509.50 524.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 540.65 524.33 Td (0.51) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 57.50 511.17 Td (Diluted) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 363.65 511.33 Td (0.70) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 422.65 511.33 Td (0.83) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 481.65 511.33 Td (0.74) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 540.65 511.33 Td (0.51) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 57.50 498.17 Td (Cash dividend declared per share) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 363.65 498.33 Td (0.40) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 422.65 498.33 Td (0.40) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 481.65 498.33 Td (0.40) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 540.65 498.33 Td (0.40) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 485.17 Td (Assets Under Management \(in millions\):) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 57.50 472.17 Td (End of period) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 332.50 472.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 348.65 472.33 Td (730,816) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 391.50 472.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 407.65 472.33 Td (803,534) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 450.50 472.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 466.65 472.33 Td (781,796) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 509.50 472.33 Td ($) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 525.65 472.33 Td (780,239) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 57.50 459.17 Td (A) Tj ET Q
q 0 0 0 rg BT 63.98 459.17 Td (verage) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 348.65 459.33 Td (782,444) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 407.65 459.33 Td (791,704) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 466.65 459.33 Td (779,848) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 525.65 459.33 Td (765,918) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 445.90 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 67.50 445.90 Td (Due ) Tj ET Q
q 0 0 0 rg BT 83.79 445.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 92.52 445.90 Td (rounding ) Tj ET Q
q 0 0 0 rg BT 125.34 445.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 134.55 445.90 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 167.35 445.90 Td (results, ) Tj ET Q
q 0 0 0 rg BT 193.80 445.90 Td (total ) Tj ET Q
q 0 0 0 rg BT 211.03 445.90 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 241.96 445.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 253.99 445.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 274.53 445.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 291.28 445.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 308.04 445.90 Td (dif) Tj ET Q
q 0 0 0 rg BT 317.33 445.90 Td (fer ) Tj ET Q
q 0 0 0 rg BT 328.89 445.90 Td (immaterially ) Tj ET Q
q 0 0 0 rg BT 374.44 445.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 393.09 445.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 405.60 445.90 Td (annual ) Tj ET Q
q 0 0 0 rg BT 430.38 445.90 Td (results.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 411.20000000000005 m
383.5 411.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.5 411.20000000000005 m
387.5 411.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 411.20000000000005 m
442.5 411.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
442.5 411.20000000000005 m
446.5 411.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 411.20000000000005 m
501.5 411.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
501.5 411.20000000000005 m
505.5 411.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 411.20000000000005 m
560.5 411.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 397.20000000000005 m
325.5 397.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 397.20000000000005 m
442.5 397.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 397.20000000000005 m
501.5 397.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 397.20000000000005 m
560.5 397.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 397.20000000000005 m
383.5 397.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 347.20000000000005 m
325.5 347.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 347.20000000000005 m
383.5 347.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 347.20000000000005 m
442.5 347.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 347.20000000000005 m
501.5 347.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 347.20000000000005 m
560.5 347.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 334.20000000000005 m
325.5 334.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 334.20000000000005 m
383.5 334.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 334.20000000000005 m
442.5 334.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 334.20000000000005 m
501.5 334.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 334.20000000000005 m
560.5 334.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 321.20000000000005 m
325.5 321.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 334.20000000000005 m
383.5 334.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 321.20000000000005 m
383.5 321.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 321.20000000000005 m
442.5 321.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 321.20000000000005 m
501.5 321.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 321.20000000000005 m
560.5 321.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 295.20000000000005 m
325.5 295.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 295.20000000000005 m
383.5 295.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 295.20000000000005 m
442.5 295.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 295.20000000000005 m
501.5 295.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 295.20000000000005 m
560.5 295.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 282.20000000000005 m
383.5 282.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 282.20000000000005 m
442.5 282.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 282.20000000000005 m
501.5 282.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 282.20000000000005 m
560.5 282.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 282.20000000000005 m
325.5 282.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 268.20000000000005 m
383.5 268.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 268.20000000000005 m
442.5 268.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 268.20000000000005 m
501.5 268.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 268.20000000000005 m
560.5 268.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 268.20000000000005 m
325.5 268.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 255.20000000000005 m
325.5 255.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 255.20000000000005 m
383.5 255.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 255.20000000000005 m
442.5 255.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 255.20000000000005 m
501.5 255.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 255.20000000000005 m
560.5 255.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50.5 163.20000000000005 m
325.5 163.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.5 163.20000000000005 m
383.5 163.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
387.5 163.20000000000005 m
442.5 163.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
446.5 163.20000000000005 m
501.5 163.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.5 163.20000000000005 m
560.5 163.20000000000005 l
s
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 415.20 415.77 Td (Quarter Ended) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 401.77 Td (Fiscal 2019) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 6.50 Tf ET
q 0 0 0 rg BT 99.39 406.30 Td (\(1\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 340.40 401.77 Td (Mar) Tj ET Q
q 0 0 0 rg BT 356.78 401.77 Td (.�31) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 398.95 401.77 Td (Dec.�31) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 457.10 401.77 Td (Sept.�30) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 517.05 401.77 Td (June 30) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 387.77 Td (Operating Revenues) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.00 387.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 347.15 387.77 Td (692,605) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 390.00 387.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 406.15 387.77 Td (704,322) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.00 387.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.15 387.77 Td (758,427) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 508.00 387.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 524.15 387.77 Td (747,905) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 364.87 Td (Operating Expenses, excluding Impairment of intangible assets) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 347.15 364.87 Td (614,480) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 406.15 364.87 Td (575,549) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.15 364.87 Td (622,699) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 524.15 364.87 Td (622,229) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 54.50 350.77 Td (Impairment of intangible assets) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 369.65 350.77 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 406.15 350.77 Td (365,200) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 487.65 350.77 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 546.65 350.77 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 59.00 337.77 Td (Operating Income \(Loss\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 352.15 337.77 Td (78,125) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 402.80 337.82 Td (\(236,427) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 438.65 337.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.15 337.77 Td (135,728) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 524.15 337.77 Td (125,676) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 324.77 Td (Non-Operating Income \(Expense\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 353.80 324.82 Td (\(2,843) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 379.65 324.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 407.80 324.82 Td (\(30,317) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 438.65 324.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 466.80 324.82 Td (\(24,81) Tj ET Q
q 0 0 0 rg BT 492.63 324.82 Td (1) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 497.65 324.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 525.80 324.82 Td (\(16,636) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 556.65 324.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 311.77 Td (Income \(Loss\) before Income ) Tj ET Q
q 0 0 0 rg BT 173.97 311.77 Td (T) Tj ET Q
q 0 0 0 rg BT 179.64 311.77 Td (ax Provision \(Benefit\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 352.15 311.77 Td (75,282) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 402.80 311.82 Td (\(266,744) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 438.65 311.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.15 311.77 Td (1) Tj ET Q
q 0 0 0 rg BT 470.15 311.77 Td (10,917) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 524.15 311.77 Td (109,040) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 65.00 298.77 Td (Income tax provision \(benefit\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 352.15 298.77 Td (20,396) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 407.80 298.82 Td (\(60,354) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 438.65 298.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 470.15 298.77 Td (29,844) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 529.15 298.77 Td (30,675) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 285.77 Td (Net Income \(Loss\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 352.15 285.77 Td (54,886) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 402.80 285.82 Td (\(206,390) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 438.65 285.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 470.15 285.77 Td (81,073) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 529.15 285.77 Td (78,365) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 62.00 272.77 Td (Less: Net income attributable to noncontrolling interests) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 357.15 272.77 Td (5,399) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 411.15 272.77 Td (10,498) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 475.15 272.77 Td (8,270) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 529.15 272.77 Td (12,275) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 258.77 Td (Net Income \(Loss\) ) Tj ET Q
q 0 0 0 rg BT 130.20 258.77 Td (Attributable to Legg Mason, Inc.) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.00 258.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 352.15 258.77 Td (49,487) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 390.00 258.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 402.80 258.82 Td (\(216,888) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 438.65 258.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.00 258.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 470.15 258.77 Td (72,803) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 508.00 258.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 529.15 258.77 Td (66,090) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 245.77 Td (Net Income \(Loss\) per share ) Tj ET Q
q 0 0 0 rg BT 168.79 245.77 Td (Attributable to Legg Mason,�Inc. Shareholders:) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 59.00 231.77 Td (Basic) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.00 231.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 362.15 231.77 Td (0.56) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 390.00 231.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 417.80 231.82 Td (\(2.55) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 438.65 231.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.00 231.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 480.15 231.77 Td (0.82) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 508.00 231.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 539.15 231.77 Td (0.75) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 59.00 218.77 Td (Diluted) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 362.15 218.77 Td (0.56) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 417.80 218.82 Td (\(2.55) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 438.65 218.77 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 480.15 218.77 Td (0.82) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 539.15 218.77 Td (0.75) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 59.00 205.77 Td (Cash dividend declared per share) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 362.15 205.77 Td (0.34) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.15 205.77 Td (0.34) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 480.15 205.77 Td (0.34) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 539.15 205.77 Td (0.34) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 53.00 192.77 Td (Assets Under Management \(in millions\):) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 59.00 179.77 Td (End of period) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.00 179.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 347.15 179.77 Td (757,982) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 390.00 179.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 406.15 179.77 Td (727,213) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.00 179.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.15 179.77 Td (755,450) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 508.00 179.77 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 524.15 179.77 Td (744,564) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 59.00 166.77 Td (A) Tj ET Q
q 0 0 0 rg BT 65.48 166.77 Td (verage) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 347.15 166.77 Td (748,681) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 406.15 166.77 Td (739,324) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 465.15 166.77 Td (750,244) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 524.15 166.77 Td (749,542) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 153.50 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 67.50 153.50 Td (Due ) Tj ET Q
q 0 0 0 rg BT 83.79 153.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 92.52 153.50 Td (rounding ) Tj ET Q
q 0 0 0 rg BT 125.34 153.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 134.55 153.50 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 167.35 153.50 Td (results, ) Tj ET Q
q 0 0 0 rg BT 193.80 153.50 Td (total ) Tj ET Q
q 0 0 0 rg BT 211.03 153.50 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 241.96 153.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 253.99 153.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 274.53 153.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 291.28 153.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 308.04 153.50 Td (dif) Tj ET Q
q 0 0 0 rg BT 317.33 153.50 Td (fer ) Tj ET Q
q 0 0 0 rg BT 328.89 153.50 Td (immaterially ) Tj ET Q
q 0 0 0 rg BT 374.44 153.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 393.09 153.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 405.60 153.50 Td (annual ) Tj ET Q
q 0 0 0 rg BT 430.38 153.50 Td (results.) Tj ET Q
endstream
endobj
295 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 296 0 R>>
endobj
296 0 obj
<</Length 15636>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (145) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 79.15 741.90 Td (9. ) Tj ET Q
q 0 0 0 rg BT 88.67 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 90.31 741.90 Td (CHANGES ) Tj ET Q
q 0 0 0 rg BT 143.88 741.90 Td (IN ) Tj ET Q
q 0 0 0 rg BT 156.84 741.90 Td (AND ) Tj ET Q
q 0 0 0 rg BT 181.23 741.90 Td (DISAGREEMENTS ) Tj ET Q
q 0 0 0 rg BT 274.94 741.90 Td (WITH ) Tj ET Q
q 0 0 0 rg BT 305.98 741.90 Td (ACCOUNT) Tj ET Q
q 0 0 0 rg BT 358.29 741.90 Td (ANTS ) Tj ET Q
q 0 0 0 rg BT 387.94 741.90 Td (ON ) Tj ET Q
q 0 0 0 rg BT 404.98 741.90 Td (ACCOUNTING ) Tj ET Q
q 0 0 0 rg BT 479.18 741.90 Td (AND ) Tj ET Q
q 0 0 0 rg BT 503.57 741.90 Td (FINANCIAL) Tj ET Q
q 0 0 0 rg BT 562.50 741.90 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (DISCLOSURE.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 704.70 Td (None.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 680.10 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 680.10 Td (9A. ) Tj ET Q
q 0 0 0 rg BT 98.21 680.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 100.84 680.10 Td (CONTROLS ) Tj ET Q
q 0 0 0 rg BT 161.81 680.10 Td (AND ) Tj ET Q
q 0 0 0 rg BT 187.19 680.10 Td (PROCEDURES.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 654.90 Td (As ) Tj ET Q
q 0 0 0 rg BT 99.78 654.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 111.13 654.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 141.14 654.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 156.87 654.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 183.10 654.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 207.29 654.90 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 244.46 654.90 Td (management, ) Tj ET Q
q 0 0 0 rg BT 303.33 654.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 345.60 654.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.04 654.90 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 386.97 654.90 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 431.56 654.90 Td (Of) Tj ET Q
q 0 0 0 rg BT 442.45 654.90 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 464.29 654.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 482.06 654.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 497.49 654.90 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 523.43 654.90 Td (Financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 642.30 Td (Of) Tj ET Q
q 0 0 0 rg BT 60.39 642.30 Td (ficer) Tj ET Q
q 0 0 0 rg BT 79.20 642.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 85.28 642.30 Td (evaluated ) Tj ET Q
q 0 0 0 rg BT 128.97 642.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.26 642.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 153.22 642.30 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 203.33 642.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 215.53 642.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.82 642.30 Td (design ) Tj ET Q
q 0 0 0 rg BT 262.69 642.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 281.31 642.30 Td (operation ) Tj ET Q
q 0 0 0 rg BT 324.42 642.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 336.63 642.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 361.66 642.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 399.68 642.30 Td (disclosure ) Tj ET Q
q 0 0 0 rg BT 445.71 642.30 Td (controls ) Tj ET Q
q 0 0 0 rg BT 483.00 642.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 501.62 642.30 Td (procedures. ) Tj ET Q
q 0 0 0 rg BT 553.76 642.30 Td (In ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 629.70 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 95.40 629.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 110.40 629.70 Td (disclosure ) Tj ET Q
q 0 0 0 rg BT 155.14 629.70 Td (controls ) Tj ET Q
q 0 0 0 rg BT 191.14 629.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 208.46 629.70 Td (procedures, ) Tj ET Q
q 0 0 0 rg BT 259.32 629.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 315.13 629.70 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 363.36 629.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 381.27 629.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 398.60 629.70 Td (controls ) Tj ET Q
q 0 0 0 rg BT 434.59 629.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 451.92 629.70 Td (procedures, ) Tj ET Q
q 0 0 0 rg BT 502.77 629.70 Td (no ) Tj ET Q
q 0 0 0 rg BT 515.44 629.70 Td (matter ) Tj ET Q
q 0 0 0 rg BT 544.43 629.70 Td (how ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 617.10 Td (well ) Tj ET Q
q 0 0 0 rg BT 72.23 617.10 Td (designed ) Tj ET Q
q 0 0 0 rg BT 114.22 617.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.03 617.10 Td (operated, ) Tj ET Q
q 0 0 0 rg BT 177.46 617.10 Td (can ) Tj ET Q
q 0 0 0 rg BT 196.69 617.10 Td (provide ) Tj ET Q
q 0 0 0 rg BT 233.42 617.10 Td (only ) Tj ET Q
q 0 0 0 rg BT 256.74 617.10 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 306.29 617.10 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 351.76 617.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.16 617.10 Td (achieving ) Tj ET Q
q 0 0 0 rg BT 410.63 617.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 428.11 617.10 Td (desired ) Tj ET Q
q 0 0 0 rg BT 463.09 617.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 497.49 617.10 Td (objectives, ) Tj ET Q
q 0 0 0 rg BT 547.34 617.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 604.50 Td (management ) Tj ET Q
q 0 0 0 rg BT 105.78 604.50 Td (necessarily ) Tj ET Q
q 0 0 0 rg BT 155.05 604.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 174.01 604.50 Td (required ) Tj ET Q
q 0 0 0 rg BT 211.63 604.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 222.42 604.50 Td (apply ) Tj ET Q
q 0 0 0 rg BT 248.38 604.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 260.93 604.50 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 303.23 604.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 314.02 604.50 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 360.39 604.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.85 604.50 Td (cost-benefit ) Tj ET Q
q 0 0 0 rg BT 428.04 604.50 Td (relationship ) Tj ET Q
q 0 0 0 rg BT 480.25 604.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 491.62 604.50 Td (possible ) Tj ET Q
q 0 0 0 rg BT 528.67 604.50 Td (controls ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 591.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.48 591.90 Td (procedures. ) Tj ET Q
q 0 0 0 rg BT 118.98 591.90 Td (Based ) Tj ET Q
q 0 0 0 rg BT 147.46 591.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 160.77 591.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 179.33 591.90 Td (evaluation, ) Tj ET Q
q 0 0 0 rg BT 228.51 591.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 252.90 591.90 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 290.28 591.90 Td (management, ) Tj ET Q
q 0 0 0 rg BT 349.36 591.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 391.84 591.90 Td (its ) Tj ET Q
q 0 0 0 rg BT 404.58 591.90 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 430.72 591.90 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 475.52 591.90 Td (Of) Tj ET Q
q 0 0 0 rg BT 486.41 591.90 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 508.46 591.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.44 591.90 Td (its ) Tj ET Q
q 0 0 0 rg BT 539.17 591.90 Td (Chief ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 579.30 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 90.65 579.30 Td (Of) Tj ET Q
q 0 0 0 rg BT 101.54 579.30 Td (ficer) Tj ET Q
q 0 0 0 rg BT 120.35 579.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 125.05 579.30 Td (concluded ) Tj ET Q
q 0 0 0 rg BT 170.28 579.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 188.10 579.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 211.75 579.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 248.39 579.30 Td (disclosure ) Tj ET Q
q 0 0 0 rg BT 293.04 579.30 Td (controls ) Tj ET Q
q 0 0 0 rg BT 328.95 579.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 346.19 579.30 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 394.33 579.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 416.80 579.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 424.77 579.30 Td (fective ) Tj ET Q
q 0 0 0 rg BT 455.41 579.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 467.99 579.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 474.73 579.30 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 521.69 579.30 Td (assurance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 566.70 Td (basis. ) Tj ET Q
q 0 0 0 rg BT 76.16 566.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 79.19 566.70 Td (Other ) Tj ET Q
q 0 0 0 rg BT 106.13 566.70 Td (than ) Tj ET Q
q 0 0 0 rg BT 127.25 566.70 Td (described ) Tj ET Q
q 0 0 0 rg BT 170.51 566.70 Td (below) Tj ET Q
q 0 0 0 rg BT 195.49 566.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 201.15 566.70 Td (there ) Tj ET Q
q 0 0 0 rg BT 225.17 566.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 248.02 566.70 Td (been ) Tj ET Q
q 0 0 0 rg BT 270.88 566.70 Td (no ) Tj ET Q
q 0 0 0 rg BT 284.41 566.70 Td (changes ) Tj ET Q
q 0 0 0 rg BT 321.27 566.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 332.47 566.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 357.07 566.70 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 394.67 566.70 Td (internal ) Tj ET Q
q 0 0 0 rg BT 429.77 566.70 Td (control ) Tj ET Q
q 0 0 0 rg BT 462.55 566.70 Td (over ) Tj ET Q
q 0 0 0 rg BT 484.24 566.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 524.01 566.70 Td (reporting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 554.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.91 554.10 Td (occurred ) Tj ET Q
q 0 0 0 rg BT 107.29 554.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 137.37 554.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 152.86 554.10 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 185.25 554.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 212.98 554.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 243.05 554.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 258.83 554.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 282.50 554.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 300.90 554.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 323.38 554.10 Td (materially ) Tj ET Q
q 0 0 0 rg BT 368.61 554.10 Td (af) Tj ET Q
q 0 0 0 rg BT 376.58 554.10 Td (fected, ) Tj ET Q
q 0 0 0 rg BT 407.51 554.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 418.92 554.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 434.40 554.10 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 482.54 554.10 Td (likely ) Tj ET Q
q 0 0 0 rg BT 509.12 554.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 519.94 554.10 Td (materially ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 541.50 Td (af) Tj ET Q
q 0 0 0 rg BT 57.47 541.50 Td (fect, ) Tj ET Q
q 0 0 0 rg BT 78.45 541.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 102.65 541.50 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 139.84 541.50 Td (internal ) Tj ET Q
q 0 0 0 rg BT 174.54 541.50 Td (control ) Tj ET Q
q 0 0 0 rg BT 206.90 541.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 228.18 541.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 267.54 541.50 Td (reporting.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 516.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 516.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 97.24 516.30 Td (February ) Tj ET Q
q 0 0 0 rg BT 138.14 516.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 164.76 516.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 189.33 516.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 220.90 516.30 Td (completed ) Tj ET Q
q 0 0 0 rg BT 267.63 516.30 Td (its ) Tj ET Q
q 0 0 0 rg BT 280.55 516.30 Td (expansion ) Tj ET Q
q 0 0 0 rg BT 326.12 516.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 337.86 516.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 350.76 516.30 Td (existing ) Tj ET Q
q 0 0 0 rg BT 387.01 516.30 Td (general ) Tj ET Q
q 0 0 0 rg BT 420.90 516.30 Td (ledger ) Tj ET Q
q 0 0 0 rg BT 450.13 516.30 Td (system ) Tj ET Q
q 0 0 0 rg BT 482.29 516.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 493.45 516.30 Td (include ) Tj ET Q
q 0 0 0 rg BT 527.35 516.30 Td (all ) Tj ET Q
q 0 0 0 rg BT 540.84 516.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 552.58 516.30 Td (its ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 503.70 Td (principal ) Tj ET Q
q 0 0 0 rg BT 88.38 503.70 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 139.51 503.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 149.24 503.70 Td (further ) Tj ET Q
q 0 0 0 rg BT 179.36 503.70 Td (improve ) Tj ET Q
q 0 0 0 rg BT 215.91 503.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 230.29 503.70 Td (overall ) Tj ET Q
q 0 0 0 rg BT 261.00 503.70 Td (system ) Tj ET Q
q 0 0 0 rg BT 291.73 503.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.03 503.70 Td (internal ) Tj ET Q
q 0 0 0 rg BT 335.66 503.70 Td (controls ) Tj ET Q
q 0 0 0 rg BT 371.04 503.70 Td (over ) Tj ET Q
q 0 0 0 rg BT 391.25 503.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 429.54 503.70 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 469.59 503.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 486.30 503.70 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 530.43 503.70 Td (provide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 491.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 57.47 491.10 Td (ficiencies ) Tj ET Q
q 0 0 0 rg BT 100.25 491.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 123.21 491.10 Td (one ) Tj ET Q
q 0 0 0 rg BT 140.92 491.10 Td (common ) Tj ET Q
q 0 0 0 rg BT 180.21 491.10 Td (general ) Tj ET Q
q 0 0 0 rg BT 213.66 491.10 Td (ledger ) Tj ET Q
q 0 0 0 rg BT 242.44 491.10 Td (system. ) Tj ET Q
q 0 0 0 rg BT 276.78 491.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 279.15 491.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 298.02 491.10 Td (system ) Tj ET Q
q 0 0 0 rg BT 329.74 491.10 Td (expansion ) Tj ET Q
q 0 0 0 rg BT 374.86 491.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 393.74 491.10 Td (significant ) Tj ET Q
q 0 0 0 rg BT 440.62 491.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 458.33 491.10 Td (complex, ) Tj ET Q
q 0 0 0 rg BT 499.66 491.10 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 538.95 491.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.67 491.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 478.50 Td (modification ) Tj ET Q
q 0 0 0 rg BT 105.78 478.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.15 478.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 148.34 478.50 Td (internal ) Tj ET Q
q 0 0 0 rg BT 183.04 478.50 Td (controls.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 453.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 119.46 453.30 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 166.41 453.30 Td (Report ) Tj ET Q
q 0 0 0 rg BT 207.38 453.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.51 453.30 Td (Management ) Tj ET Q
q 0 0 0 rg BT 295.72 453.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 318.60 453.30 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 363.64 453.30 Td (Control ) Tj ET Q
q 0 0 0 rg BT 408.12 453.30 Td (Over ) Tj ET Q
q 0 0 0 rg BT 441.49 453.30 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 492.96 453.30 Td (Reporting ) Tj ET Q
q 0 0 0 rg BT 547.34 453.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 440.70 Td (PricewaterhouseCoopers�LLP's ) Tj ET Q
q 0 0 0 rg BT 184.37 440.70 Td (Report ) Tj ET Q
q 0 0 0 rg BT 216.16 440.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.12 440.70 Td (Independent ) Tj ET Q
q 0 0 0 rg BT 283.23 440.70 Td (Registered ) Tj ET Q
q 0 0 0 rg BT 331.34 440.70 Td (Public ) Tj ET Q
q 0 0 0 rg BT 360.68 440.70 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 412.88 440.70 Td (Firm, ) Tj ET Q
q 0 0 0 rg BT 439.14 440.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 468.01 440.70 Td (contains ) Tj ET Q
q 0 0 0 rg BT 506.22 440.70 Td (its ) Tj ET Q
q 0 0 0 rg BT 519.35 440.70 Td (attestation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 428.10 Td (report ) Tj ET Q
q 0 0 0 rg BT 77.08 428.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 90.09 428.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 114.18 428.10 Td (Mason's ) Tj ET Q
q 0 0 0 rg BT 151.25 428.10 Td (internal ) Tj ET Q
q 0 0 0 rg BT 185.83 428.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 218.08 428.10 Td (over ) Tj ET Q
q 0 0 0 rg BT 239.25 428.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 278.49 428.10 Td (reporting, ) Tj ET Q
q 0 0 0 rg BT 322.12 428.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 337.45 428.10 Td (included ) Tj ET Q
q 0 0 0 rg BT 376.11 428.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 386.79 428.10 Td (Item�8 ) Tj ET Q
q 0 0 0 rg BT 416.42 428.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.68 428.10 Td (this ) Tj ET Q
q 0 0 0 rg BT 445.36 428.10 Td (Report ) Tj ET Q
q 0 0 0 rg BT 476.45 428.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 494.12 428.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 509.45 428.10 Td (incorporated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 415.50 Td (herein ) Tj ET Q
q 0 0 0 rg BT 78.36 415.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 91.49 415.50 Td (reference.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 390.30 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 390.30 Td (9B. ) Tj ET Q
q 0 0 0 rg BT 97.63 390.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 100.26 390.30 Td (OTHER ) Tj ET Q
q 0 0 0 rg BT 140.81 390.30 Td (INFORMA) Tj ET Q
q 0 0 0 rg BT 191.36 390.30 Td (TION.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 365.70 Td (None.) Tj ET Q
endstream
endobj
297 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 298 0 R>>
endobj
298 0 obj
<</Length 59424>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (146) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 284.90 741.90 Td (P) Tj ET Q
q 0 0 0 rg BT 290.53 741.90 Td (AR) Tj ET Q
q 0 0 0 rg BT 305.33 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 312.15 741.90 Td ( III) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 717.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 52.13 717.30 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 82.75 717.30 Td (10. ) Tj ET Q
q 0 0 0 rg BT 98.50 717.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 101.13 717.30 Td (DIRECT) Tj ET Q
q 0 0 0 rg BT 141.78 717.30 Td (ORS, ) Tj ET Q
q 0 0 0 rg BT 168.62 717.30 Td (EXECUTIVE ) Tj ET Q
q 0 0 0 rg BT 233.68 717.30 Td (OFFICERS ) Tj ET Q
q 0 0 0 rg BT 288.82 717.30 Td (AND ) Tj ET Q
q 0 0 0 rg BT 314.19 717.30 Td (CORPORA) Tj ET Q
q 0 0 0 rg BT 366.49 717.30 Td (TE ) Tj ET Q
q 0 0 0 rg BT 383.12 717.30 Td (GOVERNANCE.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 692.10 Td (DIRECT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.15 692.10 Td (ORS ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.79 692.10 Td (AND ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.16 692.10 Td (EXECUTIVE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.22 692.10 Td (OFFICERS) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 666.90 Td (Information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.49 666.90 Td (concerning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.98 666.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.82 666.90 Td (executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.88 666.90 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.44 666.90 Td (ficers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.60 666.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.60 666.90 Td (members ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.93 666.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.52 666.90 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.35 666.90 Td (Board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.86 666.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.44 666.90 Td (Directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.35 666.90 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.20 666.90 Td (set ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.70 666.90 Td (forth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.95 666.90 Td (below) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.93 666.90 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.40 666.90 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.03 666.90 Td (There ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 654.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.40 654.30 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.98 654.30 Td (family ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.46 654.30 Td (relationships ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.20 654.30 Td (between ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.27 654.30 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.51 654.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.33 654.30 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.41 654.30 Td (directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.22 654.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.46 654.30 Td (executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.77 654.30 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.33 654.30 Td (ficers. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.35 654.30 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.43 654.30 Td (Except ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.66 654.30 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.83 654.30 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.88 654.30 Td (rian, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.90 654.30 Td (none ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.39 654.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.22 654.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.13 654.30 Td (or) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.68 654.30 Td (ganizations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 641.70 Td (identified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.21 641.70 Td (below ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.35 641.70 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.50 641.70 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.63 641.70 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.02 641.70 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.58 641.70 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.29 641.70 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.76 641.70 Td (previously ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.57 641.70 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.86 641.70 Td (employed, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.37 641.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.59 641.70 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.74 641.70 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.88 641.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.01 641.70 Td (director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.14 641.70 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.62 641.70 Td (employed, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.13 641.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.35 641.70 Td (associated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 629.10 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.13 629.10 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.41 629.10 Td (parent, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.90 629.10 Td (subsidiary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.69 629.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.06 629.10 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.03 629.10 Td (filiate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.14 629.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.51 629.10 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.71 629.10 Td (Mason.) Tj ET Q
BT /F2 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 603.90 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.86 603.90 Td (Officers) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 578.70 Td (Joseph ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.07 578.70 Td (A. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.33 578.70 Td (Sullivan�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.23 578.70 Td (s) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.31 578.70 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.94 578.70 Td (biographical ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.04 578.70 Td (information ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.24 578.70 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.87 578.70 Td (set ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.16 578.70 Td (forth ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.20 578.70 Td (below ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.48 578.70 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.01 578.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.47 578.70 Td (heading ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.33 578.70 Td (�Directors�.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 553.50 Td (Peter ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.62 553.50 Td (H. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.79 553.50 Td (Nachtwey) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.37 553.50 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.38 553.50 Td (age ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.33 553.50 Td (64, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.84 553.50 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.55 553.50 Td (elected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.66 553.50 Td (Chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.37 553.50 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.82 553.50 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.71 553.50 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.32 553.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.87 553.50 Td (Senior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.66 553.50 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.78 553.50 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.73 553.50 Td (ice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.35 553.50 Td (President ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.81 553.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.94 553.50 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 540.90 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.61 540.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.30 540.90 Td (January ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.48 540.90 Td (201) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.84 540.90 Td (1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.61 540.90 Td (when ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.88 540.90 Td (he ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.31 540.90 Td (joined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.08 540.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.44 540.90 Td (firm. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.66 540.90 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.94 540.90 Td (July ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.97 540.90 Td (2007 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.49 540.90 Td (through ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.68 540.90 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.34 540.90 Td (2010, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.49 540.90 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.75 540.90 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.90 540.90 Td (Nachtwey ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.98 540.90 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.91 540.90 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.18 540.90 Td (Chief ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 528.30 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.90 528.30 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.79 528.30 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.35 528.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.25 528.30 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.90 528.30 Td (Carlyle ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.13 528.30 Td (Group, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.91 528.30 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.15 528.30 Td (alternative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.78 528.30 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.18 528.30 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.15 528.30 Td (firm, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.18 528.30 Td (where ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.16 528.30 Td (he ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.40 528.30 Td (had ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.88 528.30 Td (responsibility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.37 528.30 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.94 528.30 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 528.30 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 515.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.86 515.70 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.13 515.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.83 515.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.02 515.70 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.63 515.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.91 515.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.28 515.70 Td (operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.04 515.70 Td (functions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.66 515.70 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.77 515.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.13 515.70 Td (firm. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.37 515.70 Td (Prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.91 515.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.43 515.70 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.29 515.70 Td (Carlyle ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.73 515.70 Td (Group, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.72 515.70 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.97 515.70 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.13 515.70 Td (Nachtwey ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.23 515.70 Td (spent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.93 515.70 Td (more ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 503.10 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.67 503.10 Td (25 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.27 503.10 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.52 503.10 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.19 503.10 Td (Deloitte ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.11 503.10 Td (& ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.07 503.10 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.75 503.10 Td (ouche, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.54 503.10 Td (LLP) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.05 503.10 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.77 503.10 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.77 503.10 Td (accounting ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.93 503.10 Td (firm, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.73 503.10 Td (most ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.25 503.10 Td (recently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.15 503.10 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.99 503.10 Td (Managing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.66 503.10 Td (Partner ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.08 503.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.92 503.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.84 503.10 Td (Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 490.50 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.94 490.50 Td (practice.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 465.30 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.95 465.30 Td (erence ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.01 465.30 Td (Johnson) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.37 465.30 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.49 465.30 Td (age ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.55 465.30 Td (48, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.17 465.30 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.99 465.30 Td (appointed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.89 465.30 Td (Head ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.54 465.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.78 465.30 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.85 465.30 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.10 465.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.76 465.30 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.66 465.30 Td (2013 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.15 465.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.80 465.30 Td (elected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.02 465.30 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.32 465.30 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.27 465.30 Td (ice ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 452.70 Td (President ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.96 452.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.98 452.70 Td (April ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.52 452.70 Td (2013. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.53 452.70 Td (Since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.23 452.70 Td (October ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.43 452.70 Td (2012, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.44 452.70 Td (he ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.73 452.70 Td (had ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.26 452.70 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.46 452.70 Td (serving ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.75 452.70 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.88 452.70 Td (interim ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.59 452.70 Td (Head ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.12 452.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.25 452.70 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.20 452.70 Td (Distribution, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.96 452.70 Td (overseeing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.82 452.70 Td (U.S. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 440.10 Td (Distribution, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.85 440.10 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.48 440.10 Td (Distribution, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.83 440.10 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.38 440.10 Td (Product ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.03 440.10 Td (Development, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.19 440.10 Td (Marketing, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.53 440.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.01 440.10 Td (Administration ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.57 440.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.71 440.10 Td (Operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.76 440.10 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 427.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.78 427.50 Td (division. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.70 427.50 Td (Prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.15 427.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.77 427.50 Td (that, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.59 427.50 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.85 427.50 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.92 427.50 Td (Johnson ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.80 427.50 Td (headed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.98 427.50 Td (International ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.08 427.50 Td (Distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.28 427.50 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.31 427.50 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.34 427.50 Td (Mason. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.00 427.50 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.26 427.50 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.33 427.50 Td (Johnson ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.21 427.50 Td (joined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.91 427.50 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.93 427.50 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.29 414.90 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.06 414.90 Td (2005 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.68 414.90 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.72 414.90 Td (Citigroup ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.02 414.90 Td (Asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.98 414.90 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.41 414.90 Td (following ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.87 414.90 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.42 414.90 Td (acquisition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.12 414.90 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.25 414.90 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.44 414.90 Td (Mason.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 389.70 Td (Patricia ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.57 389.70 Td (Lattin) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.83 389.70 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.11 389.70 Td (age ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.34 389.70 Td (55, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.12 389.70 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.10 389.70 Td (appointed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.17 389.70 Td (Head ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.98 389.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.38 389.70 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.62 389.70 Td (Human ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.19 389.70 Td (Resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.00 389.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.82 389.70 Td (January ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.13 389.70 Td (2009 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.79 389.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.61 389.70 Td (Chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.59 389.70 Td (Human ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 377.10 Td (Resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.11 377.10 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.00 377.10 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.70 377.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.32 377.10 Td (June ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.03 377.10 Td (2017. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.11 377.10 Td (Ms. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.62 377.10 Td (Lattin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.16 377.10 Td (oversees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.77 377.10 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.80 377.10 Td (Mason's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.82 377.10 Td (Human ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.19 377.10 Td (Resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.81 377.10 Td (department ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.50 377.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.12 377.10 Td (leads ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.15 377.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.44 377.10 Td (firm's ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 364.50 Td (ef) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.47 364.50 Td (forts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.99 364.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.43 364.50 Td (Corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.69 364.50 Td (Social ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.20 364.50 Td (Responsibility ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.15 364.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.58 364.50 Td (Philanthropy) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.15 364.50 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.05 364.50 Td (Ms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.74 364.50 Td (Lattin ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.09 364.50 Td (joined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.61 364.50 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.46 364.50 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.31 364.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.75 364.50 Td (1997 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.03 364.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.46 364.50 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.73 364.50 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.41 364.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.85 364.50 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.90 Td (variety ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.64 351.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.37 351.90 Td (positions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.28 351.90 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.44 351.90 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.00 351.90 Td (Mason's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.55 351.90 Td (Human ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.44 351.90 Td (Resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.59 351.90 Td (department, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.43 351.90 Td (including ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.08 351.90 Td (Head ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.22 351.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.95 351.90 Td (Employee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.51 351.90 Td (Relations, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.78 351.90 Td (Director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.75 351.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 339.30 Td (Human ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.04 339.30 Td (Resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.24 339.30 Td (Administration ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.44 339.30 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.73 339.30 Td (included ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.51 339.30 Td (Director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.12 339.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.49 339.30 Td (Benefits ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.11 339.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.89 339.30 Td (Director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.50 339.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.87 339.30 Td (Employment.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 314.10 Td (Thomas ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.23 314.10 Td (C. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.57 314.10 Td (Merchant) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.16 314.10 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.51 314.10 Td (age ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.79 314.10 Td (52, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.64 314.10 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.69 314.10 Td (appointed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.81 314.10 Td (General ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.76 314.10 Td (Counsel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.89 314.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.78 314.10 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.90 314.10 Td (2013 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.62 314.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.50 314.10 Td (elected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.94 314.10 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.52 314.10 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.47 314.10 Td (ice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.42 314.10 Td (President ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 301.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.96 301.50 Td (April ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.07 301.50 Td (2013. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.64 301.50 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.89 301.50 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.46 301.50 Td (Merchant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.63 301.50 Td (continues ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.82 301.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.93 301.50 Td (serve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.03 301.50 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.72 301.50 Td (Corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.64 301.50 Td (Secretary) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.61 301.50 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.17 301.50 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.78 301.50 Td (position ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.56 301.50 Td (he ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.41 301.50 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.35 301.50 Td (held ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.37 301.50 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.89 301.50 Td (2008. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.46 301.50 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.71 301.50 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.28 301.50 Td (Merchant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.90 Td (oversees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.13 288.90 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.17 288.90 Td (Mason's ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.21 288.90 Td (legal, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.71 288.90 Td (compliance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.58 288.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.22 288.90 Td (risk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.44 288.90 Td (departments. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.86 288.90 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.11 288.90 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.21 288.90 Td (Merchant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.92 288.90 Td (previously ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.72 288.90 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.60 288.90 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.82 288.90 Td (Corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.28 288.90 Td (General ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 276.30 Td (Counsel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.54 276.30 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.33 276.30 Td (Deputy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.86 276.30 Td (General ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.72 276.30 Td (Counsel. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.39 276.30 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.64 276.30 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.89 276.30 Td (Merchant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.75 276.30 Td (joined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.62 276.30 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.82 276.30 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.03 276.30 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.82 276.30 Td (Associate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.27 276.30 Td (General ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.12 276.30 Td (Counsel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.16 276.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.96 276.30 Td (1998.) Tj ET Q
BT /F2 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 251.10 Td (Dir) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.47 251.10 Td (ectors) Tj ET Q
BT /F6 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 225.90 Td (Robert ) Tj ET Q
q 0 0 0 rg BT 117.62 225.90 Td (E. ) Tj ET Q
q 0 0 0 rg BT 129.76 225.90 Td (Angelica) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 168.26 225.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 173.84 225.90 Td (age ) Tj ET Q
q 0 0 0 rg BT 191.37 225.90 Td (73, ) Tj ET Q
q 0 0 0 rg BT 207.44 225.90 Td (has ) Tj ET Q
q 0 0 0 rg BT 224.39 225.90 Td (been ) Tj ET Q
q 0 0 0 rg BT 247.17 225.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 254.78 225.90 Td (director ) Tj ET Q
q 0 0 0 rg BT 290.39 225.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.08 225.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 326.61 225.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 358.15 225.90 Td (since ) Tj ET Q
q 0 0 0 rg BT 382.68 225.90 Td (February ) Tj ET Q
q 0 0 0 rg BT 423.54 225.90 Td (2007 ) Tj ET Q
q 0 0 0 rg BT 447.49 225.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 465.60 225.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 475.56 225.90 Td (currently ) Tj ET Q
q 0 0 0 rg BT 516.41 225.90 Td (engaged ) Tj ET Q
q 0 0 0 rg BT 554.35 225.90 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 213.30 Td (private ) Tj ET Q
q 0 0 0 rg BT 80.58 213.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 128.59 213.30 Td (activities. ) Tj ET Q
q 0 0 0 rg BT 171.04 213.30 Td (From ) Tj ET Q
q 0 0 0 rg BT 195.73 213.30 Td (1999 ) Tj ET Q
q 0 0 0 rg BT 218.65 213.30 Td (through ) Tj ET Q
q 0 0 0 rg BT 253.25 213.30 Td (December ) Tj ET Q
q 0 0 0 rg BT 298.31 213.30 Td (2006, ) Tj ET Q
q 0 0 0 rg BT 323.87 213.30 Td (Mr) Tj ET Q
q 0 0 0 rg BT 336.12 213.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 340.25 213.30 Td (Angelica ) Tj ET Q
q 0 0 0 rg BT 380.07 213.30 Td (served ) Tj ET Q
q 0 0 0 rg BT 409.41 213.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 420.08 213.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 434.84 213.30 Td (Chairman ) Tj ET Q
q 0 0 0 rg BT 478.17 213.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 495.26 213.30 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 520.52 213.30 Td (Executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.70 Td (Of) Tj ET Q
q 0 0 0 rg BT 60.39 200.70 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 82.25 200.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.04 200.70 Td (A) Tj ET Q
q 0 0 0 rg BT 99.46 200.70 Td (T&T) Tj ET Q
q 0 0 0 rg BT 120.26 200.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 122.89 200.70 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 172.17 200.70 Td (Management ) Tj ET Q
q 0 0 0 rg BT 229.61 200.70 Td (Corporation ) Tj ET Q
q 0 0 0 rg BT 282.98 200.70 Td (\(�A) Tj ET Q
q 0 0 0 rg BT 297.55 200.70 Td (TTIMCO�\), ) Tj ET Q
q 0 0 0 rg BT 351.21 200.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 363.74 200.70 Td (asset ) Tj ET Q
q 0 0 0 rg BT 386.78 200.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 443.05 200.70 Td (subsidiary ) Tj ET Q
q 0 0 0 rg BT 488.84 200.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 499.63 200.70 Td (A) Tj ET Q
q 0 0 0 rg BT 506.05 200.70 Td (T&T) Tj ET Q
q 0 0 0 rg BT 526.86 200.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 529.48 200.70 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 548.14 200.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 175.50 Td (Mr) Tj ET Q
q 0 0 0 rg BT 97.75 175.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 101.41 175.50 Td (Angelica�) Tj ET Q
q 0 0 0 rg BT 142.22 175.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 147.63 175.50 Td (qualifications ) Tj ET Q
q 0 0 0 rg BT 206.10 175.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 215.58 175.50 Td (serve ) Tj ET Q
q 0 0 0 rg BT 239.06 175.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 250.87 175.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 266.19 175.50 Td (Board ) Tj ET Q
q 0 0 0 rg BT 293.17 175.50 Td (include ) Tj ET Q
q 0 0 0 rg BT 325.39 175.50 Td (his ) Tj ET Q
q 0 0 0 rg BT 338.96 175.50 Td (extensive ) Tj ET Q
q 0 0 0 rg BT 379.93 175.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 417.98 175.50 Td (industry ) Tj ET Q
q 0 0 0 rg BT 453.72 175.50 Td (knowledge ) Tj ET Q
q 0 0 0 rg BT 501.11 175.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 517.59 175.50 Td (substantial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.90 Td (leadership ) Tj ET Q
q 0 0 0 rg BT 93.96 162.90 Td (experience ) Tj ET Q
q 0 0 0 rg BT 140.75 162.90 Td (gained ) Tj ET Q
q 0 0 0 rg BT 170.05 162.90 Td (while ) Tj ET Q
q 0 0 0 rg BT 194.69 162.90 Td (serving ) Tj ET Q
q 0 0 0 rg BT 226.92 162.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 236.98 162.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 251.12 162.90 Td (Chairman ) Tj ET Q
q 0 0 0 rg BT 293.84 162.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 310.31 162.90 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 334.96 162.90 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 378.25 162.90 Td (Of) Tj ET Q
q 0 0 0 rg BT 389.14 162.90 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 409.69 162.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 419.46 162.90 Td (A) Tj ET Q
q 0 0 0 rg BT 425.88 162.90 Td (TTIMCO, ) Tj ET Q
q 0 0 0 rg BT 470.06 162.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 497.04 162.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 514.68 162.90 Td (responsible ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 150.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.62 150.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.32 150.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 129.27 150.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.30 150.30 Td (administration ) Tj ET Q
q 0 0 0 rg BT 210.83 150.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 222.45 150.30 Td (more ) Tj ET Q
q 0 0 0 rg BT 246.90 150.30 Td (than ) Tj ET Q
q 0 0 0 rg BT 267.85 150.30 Td ($80 ) Tj ET Q
q 0 0 0 rg BT 286.47 150.30 Td (billion ) Tj ET Q
q 0 0 0 rg BT 316.76 150.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 328.38 150.30 Td (employee ) Tj ET Q
q 0 0 0 rg BT 372.07 150.30 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 404.10 150.30 Td (plan ) Tj ET Q
q 0 0 0 rg BT 425.05 150.30 Td (assets ) Tj ET Q
q 0 0 0 rg BT 452.42 150.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 466.90 150.30 Td (A) Tj ET Q
q 0 0 0 rg BT 473.32 150.30 Td (T&T) Tj ET Q
q 0 0 0 rg BT 494.13 150.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 497.00 150.30 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 515.90 150.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 533.94 150.30 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.70 Td (third ) Tj ET Q
q 0 0 0 rg BT 72.61 137.70 Td (parties. ) Tj ET Q
q 0 0 0 rg BT 106.51 137.70 Td (Mr) Tj ET Q
q 0 0 0 rg BT 118.77 137.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 123.95 137.70 Td (Angelica�) Tj ET Q
q 0 0 0 rg BT 164.77 137.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 172.14 137.70 Td (diverse ) Tj ET Q
q 0 0 0 rg BT 205.74 137.70 Td (experience ) Tj ET Q
q 0 0 0 rg BT 254.49 137.70 Td (includes ) Tj ET Q
q 0 0 0 rg BT 292.77 137.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 308.88 137.70 Td (development ) Tj ET Q
q 0 0 0 rg BT 366.39 137.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.42 137.70 Td (asset ) Tj ET Q
q 0 0 0 rg BT 402.12 137.70 Td (allocation ) Tj ET Q
q 0 0 0 rg BT 446.80 137.70 Td (policies ) Tj ET Q
q 0 0 0 rg BT 482.74 137.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 501.19 137.70 Td (strategies, ) Tj ET Q
q 0 0 0 rg BT 546.75 137.70 Td (risk ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 125.10 Td (management, ) Tj ET Q
q 0 0 0 rg BT 108.79 125.10 Td (selection ) Tj ET Q
q 0 0 0 rg BT 149.14 125.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 160.91 125.10 Td (external ) Tj ET Q
q 0 0 0 rg BT 197.75 125.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 246.85 125.10 Td (managers ) Tj ET Q
q 0 0 0 rg BT 290.11 125.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 308.30 125.10 Td (trustees, ) Tj ET Q
q 0 0 0 rg BT 346.02 125.10 Td (in-house ) Tj ET Q
q 0 0 0 rg BT 385.21 125.10 Td (asset ) Tj ET Q
q 0 0 0 rg BT 408.64 125.10 Td (management, ) Tj ET Q
q 0 0 0 rg BT 467.94 125.10 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 514.11 125.10 Td (compliance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 112.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 68.83 112.50 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 119.07 112.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 138.40 112.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 179.30 112.50 Td (reporting. ) Tj ET Q
q 0 0 0 rg BT 224.59 112.50 Td (He ) Tj ET Q
q 0 0 0 rg BT 241.00 112.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 261.50 112.50 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 301.24 112.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.23 112.50 Td (Chartered ) Tj ET Q
q 0 0 0 rg BT 363.80 112.50 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 406.13 112.50 Td (Analyst ) Tj ET Q
q 0 0 0 rg BT 442.96 112.50 Td (designation. ) Tj ET Q
q 0 0 0 rg BT 498.17 112.50 Td (Our ) Tj ET Q
q 0 0 0 rg BT 518.67 112.50 Td (Board ) Tj ET Q
q 0 0 0 rg BT 548.50 112.50 Td (has ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.90 Td (determined ) Tj ET Q
q 0 0 0 rg BT 99.12 99.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 117.25 99.90 Td (Mr) Tj ET Q
q 0 0 0 rg BT 129.50 99.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 133.98 99.90 Td (Angelica ) Tj ET Q
q 0 0 0 rg BT 174.27 99.90 Td (qualifies ) Tj ET Q
q 0 0 0 rg BT 212.81 99.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 223.94 99.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 236.24 99.90 Td (�audit ) Tj ET Q
q 0 0 0 rg BT 264.28 99.90 Td (committee ) Tj ET Q
q 0 0 0 rg BT 310.99 99.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 350.10 99.90 Td (expert� ) Tj ET Q
q 0 0 0 rg BT 383.38 99.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 409.68 99.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.89 99.90 Td (rules ) Tj ET Q
q 0 0 0 rg BT 447.69 99.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 465.23 99.90 Td (regulations ) Tj ET Q
q 0 0 0 rg BT 514.27 99.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 525.41 99.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 540.62 99.90 Td (SEC.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 85.50 74.70 Td (Carol ) Tj ET Q
q 0 0 0 rg BT 112.38 74.70 Td (Anthony ) Tj ET Q
q 0 0 0 rg BT 152.52 74.70 Td (\(�John�\) ) Tj ET Q
q 0 0 0 rg BT 194.98 74.70 Td (Davidson) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 235.82 74.70 Td (,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 238.44 74.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 241.23 74.70 Td (age ) Tj ET Q
q 0 0 0 rg BT 258.59 74.70 Td (64, ) Tj ET Q
q 0 0 0 rg BT 274.50 74.70 Td (has ) Tj ET Q
q 0 0 0 rg BT 291.29 74.70 Td (been ) Tj ET Q
q 0 0 0 rg BT 313.90 74.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 321.34 74.70 Td (director ) Tj ET Q
q 0 0 0 rg BT 356.78 74.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 368.31 74.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 392.68 74.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 424.05 74.70 Td (since ) Tj ET Q
q 0 0 0 rg BT 448.41 74.70 Td (May ) Tj ET Q
q 0 0 0 rg BT 470.45 74.70 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 496.86 74.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 514.81 74.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 524.60 74.70 Td (currently ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 62.10 Td (engaged ) Tj ET Q
q 0 0 0 rg BT 87.45 62.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 98.59 62.10 Td (private ) Tj ET Q
q 0 0 0 rg BT 130.71 62.10 Td (investment ) Tj ET Q
q 0 0 0 rg BT 179.76 62.10 Td (activities. ) Tj ET Q
q 0 0 0 rg BT 223.26 62.10 Td (From ) Tj ET Q
q 0 0 0 rg BT 248.98 62.10 Td (January ) Tj ET Q
q 0 0 0 rg BT 284.61 62.10 Td (2004 ) Tj ET Q
q 0 0 0 rg BT 308.58 62.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 319.71 62.10 Td (September ) Tj ET Q
q 0 0 0 rg BT 367.59 62.10 Td (2012, ) Tj ET Q
q 0 0 0 rg BT 394.18 62.10 Td (Mr) Tj ET Q
q 0 0 0 rg BT 406.44 62.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 412.03 62.10 Td (Davidson ) Tj ET Q
q 0 0 0 rg BT 455.25 62.10 Td (served ) Tj ET Q
q 0 0 0 rg BT 485.62 62.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 497.34 62.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.14 62.10 Td (Senior ) Tj ET Q
q 0 0 0 rg BT 543.31 62.10 Td (V) Tj ET Q
q 0 0 0 rg BT 550.26 62.10 Td (ice ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 49.50 Td (President, ) Tj ET Q
q 0 0 0 rg BT 92.86 49.50 Td (Controller ) Tj ET Q
q 0 0 0 rg BT 137.68 49.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 154.50 49.50 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 179.13 49.50 Td (Accounting ) Tj ET Q
q 0 0 0 rg BT 229.77 49.50 Td (Of) Tj ET Q
q 0 0 0 rg BT 240.66 49.50 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 261.56 49.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 271.84 49.50 Td (T) Tj ET Q
q 0 0 0 rg BT 277.52 49.50 Td (yco ) Tj ET Q
q 0 0 0 rg BT 294.34 49.50 Td (International ) Tj ET Q
q 0 0 0 rg BT 349.65 49.50 Td (Ltd. ) Tj ET Q
q 0 0 0 rg BT 368.51 49.50 Td (\(�T) Tj ET Q
q 0 0 0 rg BT 382.35 49.50 Td (yco�\). ) Tj ET Q
q 0 0 0 rg BT 409.95 49.50 Td (Mr) Tj ET Q
q 0 0 0 rg BT 422.21 49.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 426.49 49.50 Td (Davidson ) Tj ET Q
q 0 0 0 rg BT 468.40 49.50 Td (has ) Tj ET Q
q 0 0 0 rg BT 484.06 49.50 Td (served ) Tj ET Q
q 0 0 0 rg BT 513.12 49.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 523.53 49.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 529.85 49.50 Td (director ) Tj ET Q
endstream
endobj
299 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 300 0 R>>
endobj
300 0 obj
<</Length 46232>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (147) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.60 741.75 Td (TE ) Tj ET Q
q 0 0 0 rg BT 75.97 741.75 Td (Connectivity ) Tj ET Q
q 0 0 0 rg BT 132.76 741.75 Td (Ltd. ) Tj ET Q
q 0 0 0 rg BT 152.50 741.75 Td (since ) Tj ET Q
q 0 0 0 rg BT 176.62 741.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 206.56 741.75 Td (2016 ) Tj ET Q
q 0 0 0 rg BT 230.11 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 247.81 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 255.01 741.75 Td (director ) Tj ET Q
q 0 0 0 rg BT 290.20 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 300.92 741.75 Td (Aller) Tj ET Q
q 0 0 0 rg BT 322.31 741.75 Td (gan ) Tj ET Q
q 0 0 0 rg BT 340.01 741.75 Td (Plc ) Tj ET Q
q 0 0 0 rg BT 355.97 741.75 Td (since ) Tj ET Q
q 0 0 0 rg BT 380.09 741.75 Td (May ) Tj ET Q
q 0 0 0 rg BT 401.87 741.75 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 428.04 741.75 Td (Mr) Tj ET Q
q 0 0 0 rg BT 440.29 741.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 445.46 741.75 Td (Davidson ) Tj ET Q
q 0 0 0 rg BT 488.25 741.75 Td (previously ) Tj ET Q
q 0 0 0 rg BT 535.12 741.75 Td (served ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.44 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 67.30 729.15 Td (director ) Tj ET Q
q 0 0 0 rg BT 102.15 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 113.09 729.15 Td (DaV) Tj ET Q
q 0 0 0 rg BT 132.29 729.15 Td (ita, ) Tj ET Q
q 0 0 0 rg BT 147.60 729.15 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 165.83 729.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 188.44 729.15 Td (December ) Tj ET Q
q 0 0 0 rg BT 233.78 729.15 Td (2010 ) Tj ET Q
q 0 0 0 rg BT 256.97 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 267.34 729.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 296.94 729.15 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 320.14 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 337.49 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 348.44 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 355.29 729.15 Td (director ) Tj ET Q
q 0 0 0 rg BT 390.14 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 401.08 729.15 Td (Pentair ) Tj ET Q
q 0 0 0 rg BT 433.02 729.15 Td (Plc ) Tj ET Q
q 0 0 0 rg BT 448.64 729.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 471.25 729.15 Td (October ) Tj ET Q
q 0 0 0 rg BT 507.26 729.15 Td (2012 ) Tj ET Q
q 0 0 0 rg BT 530.46 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 540.34 729.15 Td (April ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 75.72 716.55 Td (From ) Tj ET Q
q 0 0 0 rg BT 101.06 716.55 Td (2013 ) Tj ET Q
q 0 0 0 rg BT 124.66 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 135.42 716.55 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 161.64 716.55 Td (Mr) Tj ET Q
q 0 0 0 rg BT 173.89 716.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 179.11 716.55 Td (Davidson ) Tj ET Q
q 0 0 0 rg BT 221.95 716.55 Td (served ) Tj ET Q
q 0 0 0 rg BT 251.94 716.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 265.04 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.46 716.55 Td (Board ) Tj ET Q
q 0 0 0 rg BT 308.71 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 320.05 716.55 Td (Governors ) Tj ET Q
q 0 0 0 rg BT 366.97 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 378.31 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 393.73 716.55 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 435.39 716.55 Td (Industry ) Tj ET Q
q 0 0 0 rg BT 472.98 716.55 Td (Regulatory ) Tj ET Q
q 0 0 0 rg BT 521.66 716.55 Td (Authority ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (\(�FINRA�\) ) Tj ET Q
q 0 0 0 rg BT 99.66 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 117.15 703.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 139.90 703.95 Td (201) Tj ET Q
q 0 0 0 rg BT 155.26 703.95 Td (1 ) Tj ET Q
q 0 0 0 rg BT 162.85 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 173.35 703.95 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 199.31 703.95 Td (Mr) Tj ET Q
q 0 0 0 rg BT 211.57 703.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 216.53 703.95 Td (Davidson ) Tj ET Q
q 0 0 0 rg BT 259.11 703.95 Td (served ) Tj ET Q
q 0 0 0 rg BT 288.85 703.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 299.94 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 306.93 703.95 Td (member ) Tj ET Q
q 0 0 0 rg BT 343.67 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.76 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.92 703.95 Td (Board ) Tj ET Q
q 0 0 0 rg BT 397.92 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 408.83 703.95 Td (T) Tj ET Q
q 0 0 0 rg BT 414.88 703.95 Td (rustees ) Tj ET Q
q 0 0 0 rg BT 446.37 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 457.45 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.62 703.95 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 513.51 703.95 Td (Accounting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Foundation, ) Tj ET Q
q 0 0 0 rg BT 102.59 691.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 130.87 691.35 Td (oversees ) Tj ET Q
q 0 0 0 rg BT 169.65 691.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 209.00 691.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 257.70 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 275.48 691.35 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 316.60 691.35 Td (standard ) Tj ET Q
q 0 0 0 rg BT 354.79 691.35 Td (setting ) Tj ET Q
q 0 0 0 rg BT 385.42 691.35 Td (processes ) Tj ET Q
q 0 0 0 rg BT 428.28 691.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 443.15 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 458.60 691.35 Td (United ) Tj ET Q
q 0 0 0 rg BT 489.80 691.35 Td (States. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 666.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 97.75 666.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 102.62 666.15 Td (Davidson�) Tj ET Q
q 0 0 0 rg BT 145.79 666.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 152.12 666.15 Td (qualifications ) Tj ET Q
q 0 0 0 rg BT 211.52 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 221.93 666.15 Td (serve ) Tj ET Q
q 0 0 0 rg BT 246.33 666.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 259.08 666.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 275.32 666.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 303.23 666.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 336.38 666.15 Td (his ) Tj ET Q
q 0 0 0 rg BT 350.88 666.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 374.70 666.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 395.02 666.15 Td (30 ) Tj ET Q
q 0 0 0 rg BT 407.77 666.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 432.17 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 443.16 666.15 Td (leadership ) Tj ET Q
q 0 0 0 rg BT 488.56 666.15 Td (experience ) Tj ET Q
q 0 0 0 rg BT 536.27 666.15 Td (across ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 87.77 653.55 Td (industries, ) Tj ET Q
q 0 0 0 rg BT 134.49 653.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 177.42 653.55 Td (his ) Tj ET Q
q 0 0 0 rg BT 192.94 653.55 Td (leadership ) Tj ET Q
q 0 0 0 rg BT 239.36 653.55 Td (roles ) Tj ET Q
q 0 0 0 rg BT 263.04 653.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 273.65 653.55 Td (T) Tj ET Q
q 0 0 0 rg BT 279.33 653.55 Td (yco, ) Tj ET Q
q 0 0 0 rg BT 300.38 653.55 Td (six ) Tj ET Q
q 0 0 0 rg BT 315.90 653.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 341.32 653.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 352.17 653.55 Td (Dell ) Tj ET Q
q 0 0 0 rg BT 373.51 653.55 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 395.44 653.55 Td (where ) Tj ET Q
q 0 0 0 rg BT 424.35 653.55 Td (he ) Tj ET Q
q 0 0 0 rg BT 437.53 653.55 Td (held ) Tj ET Q
q 0 0 0 rg BT 458.88 653.55 Td (various ) Tj ET Q
q 0 0 0 rg BT 493.06 653.55 Td (leadership ) Tj ET Q
q 0 0 0 rg BT 539.47 653.55 Td (roles, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 91.25 640.95 Td (vice ) Tj ET Q
q 0 0 0 rg BT 110.82 640.95 Td (president, ) Tj ET Q
q 0 0 0 rg BT 154.02 640.95 Td (audit, ) Tj ET Q
q 0 0 0 rg BT 179.72 640.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 197.56 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 214.80 640.95 Td (compliance, ) Tj ET Q
q 0 0 0 rg BT 267.91 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 285.15 640.95 Td (vice ) Tj ET Q
q 0 0 0 rg BT 304.72 640.95 Td (president, ) Tj ET Q
q 0 0 0 rg BT 347.92 640.95 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 389.65 640.95 Td (controller ) Tj ET Q
q 0 0 0 rg BT 432.55 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 449.79 640.95 Td (16 ) Tj ET Q
q 0 0 0 rg BT 462.38 640.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 486.62 640.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 496.28 640.95 Td (Eastman ) Tj ET Q
q 0 0 0 rg BT 534.52 640.95 Td (Kodak ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (Company ) Tj ET Q
q 0 0 0 rg BT 92.67 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 103.18 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 110.18 628.35 Td (variety ) Tj ET Q
q 0 0 0 rg BT 141.67 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 152.76 628.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 201.17 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 218.67 628.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 257.74 628.35 Td (leadership ) Tj ET Q
q 0 0 0 rg BT 303.23 628.35 Td (roles. ) Tj ET Q
q 0 0 0 rg BT 328.61 628.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 339.69 628.35 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 379.07 628.35 Td (Mr) Tj ET Q
q 0 0 0 rg BT 391.33 628.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 396.29 628.35 Td (Davidson, ) Tj ET Q
q 0 0 0 rg BT 441.50 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 448.51 628.35 Td (certified ) Tj ET Q
q 0 0 0 rg BT 485.82 628.35 Td (public ) Tj ET Q
q 0 0 0 rg BT 514.41 628.35 Td (accountant, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 65.79 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 72.73 615.75 Td (strong ) Tj ET Q
q 0 0 0 rg BT 101.27 615.75 Td (track ) Tj ET Q
q 0 0 0 rg BT 124.55 615.75 Td (record ) Tj ET Q
q 0 0 0 rg BT 153.65 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.68 615.75 Td (implementing ) Tj ET Q
q 0 0 0 rg BT 225.30 615.75 Td (governance ) Tj ET Q
q 0 0 0 rg BT 275.97 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 293.42 615.75 Td (controls ) Tj ET Q
q 0 0 0 rg BT 329.54 615.75 Td (processes. ) Tj ET Q
q 0 0 0 rg BT 374.69 615.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 393.31 615.75 Td (Board ) Tj ET Q
q 0 0 0 rg BT 421.26 615.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 437.54 615.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 487.06 615.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 505.10 615.75 Td (Mr) Tj ET Q
q 0 0 0 rg BT 517.35 615.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 522.26 615.75 Td (Davidson ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (qualifies ) Tj ET Q
q 0 0 0 rg BT 88.28 603.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 99.65 603.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 112.19 603.15 Td (�audit ) Tj ET Q
q 0 0 0 rg BT 140.47 603.15 Td (committee ) Tj ET Q
q 0 0 0 rg BT 187.42 603.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 226.77 603.15 Td (expert� ) Tj ET Q
q 0 0 0 rg BT 260.29 603.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 286.82 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.28 603.15 Td (rules ) Tj ET Q
q 0 0 0 rg BT 325.31 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 343.10 603.15 Td (regulations ) Tj ET Q
q 0 0 0 rg BT 392.38 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 403.75 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 419.21 603.15 Td (SEC.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 85.50 577.95 Td (Edward ) Tj ET Q
q 0 0 0 rg BT 122.59 577.95 Td (P) Tj ET Q
q 0 0 0 rg BT 127.65 577.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 133.52 577.95 Td (Garden) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 166.19 577.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 172.06 577.95 Td (age ) Tj ET Q
q 0 0 0 rg BT 189.88 577.95 Td (59, ) Tj ET Q
q 0 0 0 rg BT 206.25 577.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 223.49 577.95 Td (been ) Tj ET Q
q 0 0 0 rg BT 246.56 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 254.46 577.95 Td (director ) Tj ET Q
q 0 0 0 rg BT 290.36 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.35 577.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 327.17 577.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 359.00 577.95 Td (since ) Tj ET Q
q 0 0 0 rg BT 383.82 577.95 Td (May ) Tj ET Q
q 0 0 0 rg BT 406.31 577.95 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 430.56 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.97 577.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 466.21 577.95 Td (been ) Tj ET Q
q 0 0 0 rg BT 489.28 577.95 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 515.85 577.95 Td (Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (Of) Tj ET Q
q 0 0 0 rg BT 60.39 565.35 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 82.78 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.10 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 108.92 565.35 Td (Founding ) Tj ET Q
q 0 0 0 rg BT 152.34 565.35 Td (Partner ) Tj ET Q
q 0 0 0 rg BT 185.82 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.50 565.35 Td (T) Tj ET Q
q 0 0 0 rg BT 203.54 565.35 Td (rian ) Tj ET Q
q 0 0 0 rg BT 223.03 565.35 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 247.78 565.35 Td (Management, ) Tj ET Q
q 0 0 0 rg BT 308.38 565.35 Td (L.P) Tj ET Q
q 0 0 0 rg BT 322.09 565.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 327.88 565.35 Td (\(�T) Tj ET Q
q 0 0 0 rg BT 342.08 565.35 Td (rian�\), ) Tj ET Q
q 0 0 0 rg BT 372.34 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 380.17 565.35 Td (multi-billion ) Tj ET Q
q 0 0 0 rg BT 436.41 565.35 Td (dollar ) Tj ET Q
q 0 0 0 rg BT 464.06 565.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 487.63 565.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 544.44 565.35 Td (firm ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (specializing ) Tj ET Q
q 0 0 0 rg BT 101.37 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 111.26 552.75 Td (helping ) Tj ET Q
q 0 0 0 rg BT 144.48 552.75 Td (companies ) Tj ET Q
q 0 0 0 rg BT 191.11 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 201.00 552.75 Td (optimize ) Tj ET Q
q 0 0 0 rg BT 239.47 552.75 Td (operational ) Tj ET Q
q 0 0 0 rg BT 288.42 552.75 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 345.82 552.75 Td (since ) Tj ET Q
q 0 0 0 rg BT 369.12 552.75 Td (2005. ) Tj ET Q
q 0 0 0 rg BT 394.47 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 396.20 552.75 Td (Mr) Tj ET Q
q 0 0 0 rg BT 408.45 552.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 412.80 552.75 Td (Garden ) Tj ET Q
q 0 0 0 rg BT 445.42 552.75 Td (currently ) Tj ET Q
q 0 0 0 rg BT 485.05 552.75 Td (serves ) Tj ET Q
q 0 0 0 rg BT 513.01 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 523.48 552.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 529.87 552.75 Td (director ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.35 540.15 Td (General ) Tj ET Q
q 0 0 0 rg BT 95.69 540.15 Td (Electric ) Tj ET Q
q 0 0 0 rg BT 130.44 540.15 Td (Company) Tj ET Q
q 0 0 0 rg BT 170.59 540.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 175.33 540.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 187.34 540.15 Td (industrial ) Tj ET Q
q 0 0 0 rg BT 229.11 540.15 Td (company) Tj ET Q
q 0 0 0 rg BT 266.92 540.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 271.65 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 288.92 540.15 Td (served ) Tj ET Q
q 0 0 0 rg BT 318.43 540.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 329.29 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 336.06 540.15 Td (director ) Tj ET Q
q 0 0 0 rg BT 370.81 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 381.51 540.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 399.95 540.15 Td (Bank ) Tj ET Q
q 0 0 0 rg BT 424.22 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 435.07 540.15 Td (New ) Tj ET Q
q 0 0 0 rg BT 456.69 540.15 Td (Y) Tj ET Q
q 0 0 0 rg BT 463.23 540.15 Td (ork ) Tj ET Q
q 0 0 0 rg BT 479.33 540.15 Td (Mellon ) Tj ET Q
q 0 0 0 rg BT 511.77 540.15 Td (Corporation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 72.53 527.55 Td (December ) Tj ET Q
q 0 0 0 rg BT 118.28 527.55 Td (2014 ) Tj ET Q
q 0 0 0 rg BT 141.89 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 152.68 527.55 Td (June ) Tj ET Q
q 0 0 0 rg BT 174.54 527.55 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 200.78 527.55 Td (where ) Tj ET Q
q 0 0 0 rg BT 229.04 527.55 Td (he ) Tj ET Q
q 0 0 0 rg BT 241.57 527.55 Td (chaired ) Tj ET Q
q 0 0 0 rg BT 275.08 527.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 287.62 527.55 Td (Human ) Tj ET Q
q 0 0 0 rg BT 321.14 527.55 Td (Resources ) Tj ET Q
q 0 0 0 rg BT 366.91 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 384.69 527.55 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 447.97 527.55 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 499.87 527.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 511.23 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 518.50 527.55 Td (director ) Tj ET Q
q 0 0 0 rg BT 553.77 527.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (Family ) Tj ET Q
q 0 0 0 rg BT 81.97 514.95 Td (Dollar ) Tj ET Q
q 0 0 0 rg BT 111.51 514.95 Td (Stores, ) Tj ET Q
q 0 0 0 rg BT 143.10 514.95 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 164.47 514.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 171.85 514.95 Td (discount ) Tj ET Q
q 0 0 0 rg BT 210.15 514.95 Td (retailer) Tj ET Q
q 0 0 0 rg BT 239.46 514.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 244.80 514.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 267.92 514.95 Td (September ) Tj ET Q
q 0 0 0 rg BT 315.54 514.95 Td (201) Tj ET Q
q 0 0 0 rg BT 330.90 514.95 Td (1 ) Tj ET Q
q 0 0 0 rg BT 338.87 514.95 Td (until ) Tj ET Q
q 0 0 0 rg BT 360.84 514.95 Td (its ) Tj ET Q
q 0 0 0 rg BT 373.47 514.95 Td (acquisition ) Tj ET Q
q 0 0 0 rg BT 422.27 514.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 435.48 514.95 Td (Dollar ) Tj ET Q
q 0 0 0 rg BT 464.83 514.95 Td (T) Tj ET Q
q 0 0 0 rg BT 470.87 514.95 Td (ree, ) Tj ET Q
q 0 0 0 rg BT 489.03 514.95 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 507.78 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 518.66 514.95 Td (July ) Tj ET Q
q 0 0 0 rg BT 538.88 514.95 Td (2015, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 61.36 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 69.13 502.35 Td (director ) Tj ET Q
q 0 0 0 rg BT 104.89 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.52 502.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 135.73 502.35 Td (W) Tj ET Q
q 0 0 0 rg BT 144.80 502.35 Td (endy�) Tj ET Q
q 0 0 0 rg BT 168.13 502.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 175.32 502.35 Td (Company) Tj ET Q
q 0 0 0 rg BT 215.47 502.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 221.21 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 228.98 502.35 Td (restaurant ) Tj ET Q
q 0 0 0 rg BT 273.48 502.35 Td (chain, ) Tj ET Q
q 0 0 0 rg BT 301.95 502.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 325.47 502.35 Td (December ) Tj ET Q
q 0 0 0 rg BT 371.72 502.35 Td (2004 ) Tj ET Q
q 0 0 0 rg BT 395.83 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 407.11 502.35 Td (December ) Tj ET Q
q 0 0 0 rg BT 453.36 502.35 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 480.09 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 498.36 502.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 510.22 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 517.99 502.35 Td (director ) Tj ET Q
q 0 0 0 rg BT 553.75 502.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (Pentair ) Tj ET Q
q 0 0 0 rg BT 82.26 489.75 Td (plc, ) Tj ET Q
q 0 0 0 rg BT 100.73 489.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 113.65 489.75 Td (industrial ) Tj ET Q
q 0 0 0 rg BT 156.33 489.75 Td (manufacturing ) Tj ET Q
q 0 0 0 rg BT 220.58 489.75 Td (company) Tj ET Q
q 0 0 0 rg BT 258.39 489.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 264.03 489.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 287.45 489.75 Td (May ) Tj ET Q
q 0 0 0 rg BT 309.72 489.75 Td (2016 ) Tj ET Q
q 0 0 0 rg BT 333.73 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 344.25 489.75 Td (April ) Tj ET Q
q 0 0 0 rg BT 369.43 489.75 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 396.07 489.75 Td (Previously ) Tj ET Q
q 0 0 0 rg BT 444.01 489.75 Td (he ) Tj ET Q
q 0 0 0 rg BT 456.93 489.75 Td (served ) Tj ET Q
q 0 0 0 rg BT 487.35 489.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 498.90 489.75 Td (V) Tj ET Q
q 0 0 0 rg BT 505.85 489.75 Td (ice ) Tj ET Q
q 0 0 0 rg BT 521.11 489.75 Td (Chairman ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.76 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 73.52 477.15 Td (director ) Tj ET Q
q 0 0 0 rg BT 108.26 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.95 477.15 Td (T) Tj ET Q
q 0 0 0 rg BT 125.00 477.15 Td (riarc ) Tj ET Q
q 0 0 0 rg BT 146.33 477.15 Td (Companies, ) Tj ET Q
q 0 0 0 rg BT 198.30 477.15 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 216.43 477.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 238.93 477.15 Td (December ) Tj ET Q
q 0 0 0 rg BT 284.17 477.15 Td (2004 ) Tj ET Q
q 0 0 0 rg BT 307.27 477.15 Td (through ) Tj ET Q
q 0 0 0 rg BT 342.03 477.15 Td (June ) Tj ET Q
q 0 0 0 rg BT 363.37 477.15 Td (2007 ) Tj ET Q
q 0 0 0 rg BT 386.47 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 403.73 477.15 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 447.66 477.15 Td (V) Tj ET Q
q 0 0 0 rg BT 454.61 477.15 Td (ice ) Tj ET Q
q 0 0 0 rg BT 468.94 477.15 Td (President ) Tj ET Q
q 0 0 0 rg BT 510.12 477.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 532.16 477.15 Td (August ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (2003 ) Tj ET Q
q 0 0 0 rg BT 72.57 464.55 Td (until ) Tj ET Q
q 0 0 0 rg BT 93.90 464.55 Td (December ) Tj ET Q
q 0 0 0 rg BT 139.11 464.55 Td (2004. ) Tj ET Q
q 0 0 0 rg BT 164.80 464.55 Td (Prior ) Tj ET Q
q 0 0 0 rg BT 187.87 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 198.11 464.55 Td (joining ) Tj ET Q
q 0 0 0 rg BT 229.79 464.55 Td (T) Tj ET Q
q 0 0 0 rg BT 235.83 464.55 Td (riarc, ) Tj ET Q
q 0 0 0 rg BT 259.76 464.55 Td (Mr) Tj ET Q
q 0 0 0 rg BT 272.01 464.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 276.71 464.55 Td (Garden ) Tj ET Q
q 0 0 0 rg BT 309.68 464.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 328.08 464.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 334.82 464.55 Td (managing ) Tj ET Q
q 0 0 0 rg BT 378.29 464.55 Td (director ) Tj ET Q
q 0 0 0 rg BT 413.01 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 423.83 464.55 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 452.15 464.55 Td (Suisse ) Tj ET Q
q 0 0 0 rg BT 481.06 464.55 Td (First ) Tj ET Q
q 0 0 0 rg BT 502.39 464.55 Td (Boston, ) Tj ET Q
q 0 0 0 rg BT 536.84 464.55 Td (where ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (he ) Tj ET Q
q 0 0 0 rg BT 61.50 451.95 Td (served ) Tj ET Q
q 0 0 0 rg BT 91.00 451.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 101.84 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 108.60 451.95 Td (senior ) Tj ET Q
q 0 0 0 rg BT 136.35 451.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 184.52 451.95 Td (banker ) Tj ET Q
q 0 0 0 rg BT 215.18 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 232.44 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 239.19 451.95 Td (managing ) Tj ET Q
q 0 0 0 rg BT 282.69 451.95 Td (director ) Tj ET Q
q 0 0 0 rg BT 317.43 451.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 327.10 451.95 Td (BT) Tj ET Q
q 0 0 0 rg BT 340.33 451.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 341.96 451.95 Td (Alex ) Tj ET Q
q 0 0 0 rg BT 364.47 451.95 Td (Brown, ) Tj ET Q
q 0 0 0 rg BT 397.77 451.95 Td (where ) Tj ET Q
q 0 0 0 rg BT 425.51 451.95 Td (he ) Tj ET Q
q 0 0 0 rg BT 437.52 451.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 455.94 451.95 Td (co-head ) Tj ET Q
q 0 0 0 rg BT 491.26 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 502.10 451.95 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 532.19 451.95 Td (Capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (Markets. ) Tj ET Q
q 0 0 0 rg BT 89.16 439.35 Td (Mr) Tj ET Q
q 0 0 0 rg BT 101.41 439.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 106.66 439.35 Td (Garden ) Tj ET Q
q 0 0 0 rg BT 140.19 439.35 Td (graduated ) Tj ET Q
q 0 0 0 rg BT 184.21 439.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 207.24 439.35 Td (Harvard ) Tj ET Q
q 0 0 0 rg BT 244.27 439.35 Td (College ) Tj ET Q
q 0 0 0 rg BT 279.55 439.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 300.84 439.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 308.13 439.35 Td (B.A. ) Tj ET Q
q 0 0 0 rg BT 330.59 439.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 341.38 439.35 Td (Economics. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 414.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 97.75 414.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 103.97 414.15 Td (Garden�) Tj ET Q
q 0 0 0 rg BT 137.79 414.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 145.46 414.15 Td (qualifications ) Tj ET Q
q 0 0 0 rg BT 206.20 414.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 217.96 414.15 Td (serve ) Tj ET Q
q 0 0 0 rg BT 243.70 414.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 257.79 414.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 275.38 414.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 304.63 414.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 339.12 414.15 Td (his ) Tj ET Q
q 0 0 0 rg BT 354.96 414.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 377.21 414.15 Td (25 ) Tj ET Q
q 0 0 0 rg BT 391.30 414.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 417.04 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 429.38 414.15 Td (experience ) Tj ET Q
q 0 0 0 rg BT 478.43 414.15 Td (advising, ) Tj ET Q
q 0 0 0 rg BT 520.23 414.15 Td (financing, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 91.17 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.34 401.55 Td (investing ) Tj ET Q
q 0 0 0 rg BT 148.85 401.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 159.03 401.55 Td (companies. ) Tj ET Q
q 0 0 0 rg BT 208.57 401.55 Td (Mr) Tj ET Q
q 0 0 0 rg BT 220.82 401.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 225.46 401.55 Td (Garden ) Tj ET Q
q 0 0 0 rg BT 258.37 401.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 274.38 401.55 Td (worked ) Tj ET Q
q 0 0 0 rg BT 307.89 401.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 328.57 401.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 384.22 401.55 Td (teams ) Tj ET Q
q 0 0 0 rg BT 410.73 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 427.90 401.55 Td (boards ) Tj ET Q
q 0 0 0 rg BT 457.91 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 468.67 401.55 Td (directors ) Tj ET Q
q 0 0 0 rg BT 507.41 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 517.59 401.55 Td (implement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (growth ) Tj ET Q
q 0 0 0 rg BT 81.20 388.95 Td (initiatives ) Tj ET Q
q 0 0 0 rg BT 124.56 388.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 135.26 388.95 Td (well ) Tj ET Q
q 0 0 0 rg BT 155.29 388.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 165.99 388.95 Td (operational, ) Tj ET Q
q 0 0 0 rg BT 217.80 388.95 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 255.32 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 272.43 388.95 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 314.03 388.95 Td (governance ) Tj ET Q
q 0 0 0 rg BT 364.37 388.95 Td (improvements. ) Tj ET Q
q 0 0 0 rg BT 429.02 388.95 Td (Mr) Tj ET Q
q 0 0 0 rg BT 441.27 388.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 445.85 388.95 Td (Garden ) Tj ET Q
q 0 0 0 rg BT 478.71 388.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 494.65 388.95 Td (strong ) Tj ET Q
q 0 0 0 rg BT 522.86 388.95 Td (operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (experience, ) Tj ET Q
q 0 0 0 rg BT 100.38 376.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 107.83 376.35 Td (network ) Tj ET Q
q 0 0 0 rg BT 145.03 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.56 376.35 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 213.01 376.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 234.47 376.35 Td (institutional ) Tj ET Q
q 0 0 0 rg BT 287.43 376.35 Td (investors ) Tj ET Q
q 0 0 0 rg BT 328.13 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 346.08 376.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 394.95 376.35 Td (banking/capital ) Tj ET Q
q 0 0 0 rg BT 462.47 376.35 Td (markets ) Tj ET Q
q 0 0 0 rg BT 498.50 376.35 Td (experience ) Tj ET Q
q 0 0 0 rg BT 546.75 376.35 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (can ) Tj ET Q
q 0 0 0 rg BT 66.70 363.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 79.23 363.75 Td (utilized ) Tj ET Q
q 0 0 0 rg BT 113.35 363.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 128.22 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 143.67 363.75 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 175.45 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 186.82 363.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 211.02 363.75 Td (Mason.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 85.50 338.55 Td (Michelle ) Tj ET Q
q 0 0 0 rg BT 126.02 338.55 Td (J. ) Tj ET Q
q 0 0 0 rg BT 136.51 338.55 Td (Goldberg) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 176.75 338.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 181.99 338.55 Td (age ) Tj ET Q
q 0 0 0 rg BT 199.17 338.55 Td (51) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 209.67 338.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 214.90 338.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 231.51 338.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 253.94 338.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 261.21 338.55 Td (director ) Tj ET Q
q 0 0 0 rg BT 296.47 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 307.83 338.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 332.01 338.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 363.21 338.55 Td (since ) Tj ET Q
q 0 0 0 rg BT 387.39 338.55 Td (November ) Tj ET Q
q 0 0 0 rg BT 434.32 338.55 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 457.93 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 475.70 338.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 492.31 338.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 514.74 338.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 522.01 338.55 Td (Partner ) Tj ET Q
q 0 0 0 rg BT 554.94 338.55 Td (at ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (Ignition ) Tj ET Q
q 0 0 0 rg BT 85.29 325.95 Td (Partners, ) Tj ET Q
q 0 0 0 rg BT 124.86 325.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 137.31 325.95 Td (early ) Tj ET Q
q 0 0 0 rg BT 160.83 325.95 Td (stage, ) Tj ET Q
q 0 0 0 rg BT 187.57 325.95 Td (technology ) Tj ET Q
q 0 0 0 rg BT 236.76 325.95 Td (venture ) Tj ET Q
q 0 0 0 rg BT 270.79 325.95 Td (capital ) Tj ET Q
q 0 0 0 rg BT 301.31 325.95 Td (firm, ) Tj ET Q
q 0 0 0 rg BT 324.55 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 342.25 325.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 349.26 325.95 Td (V) Tj ET Q
q 0 0 0 rg BT 355.68 325.95 Td (enture ) Tj ET Q
q 0 0 0 rg BT 384.46 325.95 Td (Partner ) Tj ET Q
q 0 0 0 rg BT 417.32 325.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 427.43 325.95 Td (SoGal ) Tj ET Q
q 0 0 0 rg BT 456.04 325.95 Td (V) Tj ET Q
q 0 0 0 rg BT 462.46 325.95 Td (entures, ) Tj ET Q
q 0 0 0 rg BT 497.94 325.95 Td (investing ) Tj ET Q
q 0 0 0 rg BT 538.98 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 549.69 325.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (next ) Tj ET Q
q 0 0 0 rg BT 70.12 313.35 Td (generation�) Tj ET Q
q 0 0 0 rg BT 117.35 313.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 123.97 313.35 Td (lifestyle ) Tj ET Q
q 0 0 0 rg BT 160.33 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 178.03 313.35 Td (health, ) Tj ET Q
q 0 0 0 rg BT 208.85 313.35 Td (since ) Tj ET Q
q 0 0 0 rg BT 232.97 313.35 Td (May ) Tj ET Q
q 0 0 0 rg BT 254.75 313.35 Td (2000. ) Tj ET Q
q 0 0 0 rg BT 280.91 313.35 Td (Before ) Tj ET Q
q 0 0 0 rg BT 312.02 313.35 Td (joining ) Tj ET Q
q 0 0 0 rg BT 344.31 313.35 Td (Ignition, ) Tj ET Q
q 0 0 0 rg BT 382.72 313.35 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 401.31 313.35 Td (Goldber) Tj ET Q
q 0 0 0 rg BT 435.53 313.35 Td (g ) Tj ET Q
q 0 0 0 rg BT 443.31 313.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 462.18 313.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 469.38 313.35 Td (consultant ) Tj ET Q
q 0 0 0 rg BT 515.08 313.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 525.79 313.35 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (institutions ) Tj ET Q
q 0 0 0 rg BT 98.81 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 116.61 300.75 Td (technology ) Tj ET Q
q 0 0 0 rg BT 165.90 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 183.69 300.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 196.23 300.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 244.95 300.75 Td (banker ) Tj ET Q
q 0 0 0 rg BT 276.15 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 286.95 300.75 Td (middle ) Tj ET Q
q 0 0 0 rg BT 318.75 300.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 350.53 300.75 Td (mer) Tj ET Q
q 0 0 0 rg BT 366.67 300.75 Td (gers ) Tj ET Q
q 0 0 0 rg BT 386.80 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 404.59 300.75 Td (acquisitions. ) Tj ET Q
q 0 0 0 rg BT 460.01 300.75 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 478.69 300.75 Td (Goldber) Tj ET Q
q 0 0 0 rg BT 512.91 300.75 Td (g ) Tj ET Q
q 0 0 0 rg BT 520.80 300.75 Td (joined ) Tj ET Q
q 0 0 0 rg BT 549.68 300.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (board ) Tj ET Q
q 0 0 0 rg BT 76.30 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 87.73 288.15 Td (T) Tj ET Q
q 0 0 0 rg BT 93.41 288.15 Td (aubman ) Tj ET Q
q 0 0 0 rg BT 129.54 288.15 Td (Centers, ) Tj ET Q
q 0 0 0 rg BT 167.13 288.15 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 186.05 288.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 199.44 288.15 Td (May ) Tj ET Q
q 0 0 0 rg BT 221.58 288.15 Td (29, ) Tj ET Q
q 0 0 0 rg BT 237.59 288.15 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 264.11 288.15 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 283.04 288.15 Td (Goldber) Tj ET Q
q 0 0 0 rg BT 317.26 288.15 Td (g ) Tj ET Q
q 0 0 0 rg BT 325.40 288.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 342.29 288.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 349.84 288.15 Td (B.A. ) Tj ET Q
q 0 0 0 rg BT 372.57 288.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 382.99 288.15 Td (Asian ) Tj ET Q
q 0 0 0 rg BT 410.37 288.15 Td (Studies ) Tj ET Q
q 0 0 0 rg BT 444.19 288.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 467.49 288.15 Td (Columbia ) Tj ET Q
q 0 0 0 rg BT 511.79 288.15 Td (College ) Tj ET Q
q 0 0 0 rg BT 547.34 288.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 62.04 275.55 Td (M.A. ) Tj ET Q
q 0 0 0 rg BT 86.83 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 97.62 275.55 Td (East ) Tj ET Q
q 0 0 0 rg BT 117.75 275.55 Td (Asian ) Tj ET Q
q 0 0 0 rg BT 144.87 275.55 Td (Studies ) Tj ET Q
q 0 0 0 rg BT 178.42 275.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 201.45 275.55 Td (Harvard ) Tj ET Q
q 0 0 0 rg BT 238.47 275.55 Td (University) Tj ET Q
q 0 0 0 rg BT 282.12 275.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 287.37 275.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 250.35 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 103.44 250.35 Td (Goldber) Tj ET Q
q 0 0 0 rg BT 137.66 250.35 Td (g�) Tj ET Q
q 0 0 0 rg BT 145.83 250.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 151.81 250.35 Td (qualifications ) Tj ET Q
q 0 0 0 rg BT 210.86 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 220.92 250.35 Td (serve ) Tj ET Q
q 0 0 0 rg BT 244.97 250.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 257.37 250.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 273.26 250.35 Td (Board ) Tj ET Q
q 0 0 0 rg BT 300.82 250.35 Td (include ) Tj ET Q
q 0 0 0 rg BT 333.62 250.35 Td (her ) Tj ET Q
q 0 0 0 rg BT 348.92 250.35 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 386.98 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 404.03 250.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 452.01 250.35 Td (experience ) Tj ET Q
q 0 0 0 rg BT 499.37 250.35 Td (across ) Tj ET Q
q 0 0 0 rg BT 527.50 250.35 Td (multiple ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (industries, ) Tj ET Q
q 0 0 0 rg BT 94.85 237.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 136.41 237.75 Td (eCommerce ) Tj ET Q
q 0 0 0 rg BT 189.03 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 206.09 237.75 Td (digital ) Tj ET Q
q 0 0 0 rg BT 234.81 237.75 Td (media, ) Tj ET Q
q 0 0 0 rg BT 264.99 237.75 Td (internet ) Tj ET Q
q 0 0 0 rg BT 298.95 237.75 Td (analytics ) Tj ET Q
q 0 0 0 rg BT 338.17 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 355.22 237.75 Td (mobile ) Tj ET Q
q 0 0 0 rg BT 386.28 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 403.34 237.75 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 446.63 237.75 Td (software ) Tj ET Q
q 0 0 0 rg BT 484.67 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 501.73 237.75 Td (her ) Tj ET Q
q 0 0 0 rg BT 517.03 237.75 Td (experience ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.32 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 67.06 225.15 Td (consultant ) Tj ET Q
q 0 0 0 rg BT 112.29 225.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 122.53 225.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 161.33 225.15 Td (institutions ) Tj ET Q
q 0 0 0 rg BT 210.09 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 227.32 225.15 Td (technology ) Tj ET Q
q 0 0 0 rg BT 276.05 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 293.29 225.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 305.27 225.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 353.42 225.15 Td (banker ) Tj ET Q
q 0 0 0 rg BT 384.06 225.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 394.30 225.15 Td (middle ) Tj ET Q
q 0 0 0 rg BT 425.54 225.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 456.77 225.15 Td (mer) Tj ET Q
q 0 0 0 rg BT 472.90 225.15 Td (gers ) Tj ET Q
q 0 0 0 rg BT 492.47 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 509.70 225.15 Td (acquisitions. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.91 212.55 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 100.61 212.55 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 119.33 212.55 Td (Goldber) Tj ET Q
q 0 0 0 rg BT 153.54 212.55 Td (g ) Tj ET Q
q 0 0 0 rg BT 161.46 212.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 178.12 212.55 Td (served ) Tj ET Q
q 0 0 0 rg BT 208.19 212.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 221.35 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 228.68 212.55 Td (number ) Tj ET Q
q 0 0 0 rg BT 263.42 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 274.83 212.55 Td (company ) Tj ET Q
q 0 0 0 rg BT 315.98 212.55 Td (boards, ) Tj ET Q
q 0 0 0 rg BT 349.27 212.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 391.59 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 407.09 212.55 Td (board ) Tj ET Q
q 0 0 0 rg BT 433.66 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 445.07 212.55 Td (Plum ) Tj ET Q
q 0 0 0 rg BT 469.91 212.55 Td (Creek ) Tj ET Q
q 0 0 0 rg BT 497.45 212.55 Td (T) Tj ET Q
q 0 0 0 rg BT 503.50 212.55 Td (imber ) Tj ET Q
q 0 0 0 rg BT 530.65 212.55 Td (until ) Tj ET Q
q 0 0 0 rg BT 552.57 212.55 Td (its ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (mer) Tj ET Q
q 0 0 0 rg BT 65.64 199.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 81.67 199.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 102.77 199.95 Td (W) Tj ET Q
q 0 0 0 rg BT 111.84 199.95 Td (eyerhaeuser) Tj ET Q
q 0 0 0 rg BT 161.55 199.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 166.80 199.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 184.59 199.95 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 222.21 199.95 Td (portfolio ) Tj ET Q
q 0 0 0 rg BT 261.58 199.95 Td (company ) Tj ET Q
q 0 0 0 rg BT 302.70 199.95 Td (boards ) Tj ET Q
q 0 0 0 rg BT 333.31 199.95 Td (over ) Tj ET Q
q 0 0 0 rg BT 354.60 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 370.05 199.95 Td (past ) Tj ET Q
q 0 0 0 rg BT 389.59 199.95 Td (two ) Tj ET Q
q 0 0 0 rg BT 407.97 199.95 Td (decades.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 85.50 174.75 Td (Stephen ) Tj ET Q
q 0 0 0 rg BT 123.94 174.75 Td (C. ) Tj ET Q
q 0 0 0 rg BT 137.00 174.75 Td (Hooley) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 167.91 174.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 173.97 174.75 Td (age ) Tj ET Q
q 0 0 0 rg BT 192.56 174.75 Td (57, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 209.12 174.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 228.88 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 245.14 174.75 Td (Chairman, ) Tj ET Q
q 0 0 0 rg BT 292.60 174.75 Td (President ) Tj ET Q
q 0 0 0 rg BT 335.12 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 353.71 174.75 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 380.47 174.75 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 425.88 174.75 Td (Of) Tj ET Q
q 0 0 0 rg BT 436.77 174.75 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 459.44 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 471.62 174.75 Td (DST) Tj ET Q
q 0 0 0 rg BT 491.26 174.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 494.70 174.75 Td (Systems, ) Tj ET Q
q 0 0 0 rg BT 535.76 174.75 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 557.85 174.75 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (provider ) Tj ET Q
q 0 0 0 rg BT 86.90 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 97.48 162.15 Td (information ) Tj ET Q
q 0 0 0 rg BT 148.88 162.15 Td (processing ) Tj ET Q
q 0 0 0 rg BT 195.62 162.15 Td (software ) Tj ET Q
q 0 0 0 rg BT 233.60 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 250.60 162.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 286.24 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 296.24 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.90 162.15 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 341.90 162.15 Td (fund, ) Tj ET Q
q 0 0 0 rg BT 365.60 162.15 Td (insurance, ) Tj ET Q
q 0 0 0 rg BT 410.29 162.15 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 455.26 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 472.25 162.15 Td (health ) Tj ET Q
q 0 0 0 rg BT 499.74 162.15 Td (care ) Tj ET Q
q 0 0 0 rg BT 519.05 162.15 Td (industries, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 72.75 149.55 Td (July ) Tj ET Q
q 0 0 0 rg BT 93.09 149.55 Td (2014 ) Tj ET Q
q 0 0 0 rg BT 116.92 149.55 Td (through ) Tj ET Q
q 0 0 0 rg BT 151.79 149.55 Td (April ) Tj ET Q
q 0 0 0 rg BT 176.79 149.55 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 203.26 149.55 Td (President ) Tj ET Q
q 0 0 0 rg BT 245.17 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 263.17 149.55 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 289.33 149.55 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 334.15 149.55 Td (Of) Tj ET Q
q 0 0 0 rg BT 345.04 149.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 367.10 149.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 390.35 149.55 Td (September ) Tj ET Q
q 0 0 0 rg BT 438.09 149.55 Td (2012 ) Tj ET Q
q 0 0 0 rg BT 461.92 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 472.93 149.55 Td (July ) Tj ET Q
q 0 0 0 rg BT 493.27 149.55 Td (2014 ) Tj ET Q
q 0 0 0 rg BT 517.10 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 535.10 149.55 Td (served ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.85 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.27 136.95 Td (President ) Tj ET Q
q 0 0 0 rg BT 117.95 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 135.71 136.95 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 161.64 136.95 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 206.23 136.95 Td (Of) Tj ET Q
q 0 0 0 rg BT 217.12 136.95 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 238.95 136.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 261.96 136.95 Td (July ) Tj ET Q
q 0 0 0 rg BT 282.06 136.95 Td (2009 ) Tj ET Q
q 0 0 0 rg BT 305.66 136.95 Td (through ) Tj ET Q
q 0 0 0 rg BT 340.93 136.95 Td (September ) Tj ET Q
q 0 0 0 rg BT 388.43 136.95 Td (2012. ) Tj ET Q
q 0 0 0 rg BT 414.65 136.95 Td (Prior ) Tj ET Q
q 0 0 0 rg BT 438.25 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 449.02 136.95 Td (joining ) Tj ET Q
q 0 0 0 rg BT 481.37 136.95 Td (DST) Tj ET Q
q 0 0 0 rg BT 501.02 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 503.62 136.95 Td (Systems, ) Tj ET Q
q 0 0 0 rg BT 543.85 136.95 Td (Inc., ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (Mr) Tj ET Q
q 0 0 0 rg BT 61.75 124.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 66.42 124.35 Td (Hooley ) Tj ET Q
q 0 0 0 rg BT 99.37 124.35 Td (served ) Tj ET Q
q 0 0 0 rg BT 128.82 124.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 139.61 124.35 Td (President ) Tj ET Q
q 0 0 0 rg BT 180.73 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.93 124.35 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 223.30 124.35 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 267.33 124.35 Td (Of) Tj ET Q
q 0 0 0 rg BT 278.22 124.35 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 299.49 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 310.28 124.35 Td (Boston ) Tj ET Q
q 0 0 0 rg BT 342.08 124.35 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 383.19 124.35 Td (Data ) Tj ET Q
q 0 0 0 rg BT 405.06 124.35 Td (Services, ) Tj ET Q
q 0 0 0 rg BT 445.30 124.35 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 466.00 124.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 472.70 124.35 Td (joint ) Tj ET Q
q 0 0 0 rg BT 493.99 124.35 Td (venture ) Tj ET Q
q 0 0 0 rg BT 527.52 124.35 Td (between ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (DST) Tj ET Q
q 0 0 0 rg BT 69.15 111.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 71.23 111.75 Td (Systems, ) Tj ET Q
q 0 0 0 rg BT 110.95 111.75 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 129.07 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 146.32 111.75 Td (State ) Tj ET Q
q 0 0 0 rg BT 169.40 111.75 Td (Street ) Tj ET Q
q 0 0 0 rg BT 195.98 111.75 Td (Corporation ) Tj ET Q
q 0 0 0 rg BT 248.81 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 266.06 111.75 Td (held ) Tj ET Q
q 0 0 0 rg BT 286.23 111.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 292.97 111.75 Td (variety ) Tj ET Q
q 0 0 0 rg BT 324.21 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 335.05 111.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 377.36 111.75 Td (roles ) Tj ET Q
q 0 0 0 rg BT 399.86 111.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 409.52 111.75 Td (State ) Tj ET Q
q 0 0 0 rg BT 432.61 111.75 Td (Street ) Tj ET Q
q 0 0 0 rg BT 459.19 111.75 Td (Corporation. ) Tj ET Q
q 0 0 0 rg BT 514.64 111.75 Td (Mr) Tj ET Q
q 0 0 0 rg BT 526.89 111.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 531.61 111.75 Td (Hooley ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (began ) Tj ET Q
q 0 0 0 rg BT 77.16 99.15 Td (his ) Tj ET Q
q 0 0 0 rg BT 92.00 99.15 Td (career ) Tj ET Q
q 0 0 0 rg BT 120.22 99.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 130.20 99.15 Td (T) Tj ET Q
q 0 0 0 rg BT 135.88 99.15 Td (exas ) Tj ET Q
q 0 0 0 rg BT 157.12 99.15 Td (Instruments. ) Tj ET Q
q 0 0 0 rg BT 211.91 99.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 224.17 99.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 229.38 99.15 Td (Hooley ) Tj ET Q
q 0 0 0 rg BT 262.88 99.15 Td (currently ) Tj ET Q
q 0 0 0 rg BT 303.36 99.15 Td (serves ) Tj ET Q
q 0 0 0 rg BT 332.19 99.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 343.52 99.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 350.77 99.15 Td (director ) Tj ET Q
q 0 0 0 rg BT 386.01 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 397.34 99.15 Td (Stericycle, ) Tj ET Q
q 0 0 0 rg BT 444.53 99.15 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 465.78 99.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 473.02 99.15 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 524.00 99.15 Td (company ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.62 86.55 Td (specializes ) Tj ET Q
q 0 0 0 rg BT 115.48 86.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 126.02 86.55 Td (collecting ) Tj ET Q
q 0 0 0 rg BT 169.80 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 187.34 86.55 Td (disposing ) Tj ET Q
q 0 0 0 rg BT 229.97 86.55 Td (regulated ) Tj ET Q
q 0 0 0 rg BT 271.41 86.55 Td (substances ) Tj ET Q
q 0 0 0 rg BT 318.70 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 336.23 86.55 Td (providing ) Tj ET Q
q 0 0 0 rg BT 379.44 86.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 415.64 86.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 430.26 86.55 Td (recalled ) Tj ET Q
q 0 0 0 rg BT 465.86 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 483.39 86.55 Td (expired ) Tj ET Q
q 0 0 0 rg BT 517.26 86.55 Td (goods, ) Tj ET Q
q 0 0 0 rg BT 547.34 86.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (served ) Tj ET Q
q 0 0 0 rg BT 80.37 73.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 92.58 73.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 100.70 73.95 Td (director ) Tj ET Q
q 0 0 0 rg BT 136.81 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 149.02 73.95 Td (DST) Tj ET Q
q 0 0 0 rg BT 168.67 73.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 172.14 73.95 Td (Systems, ) Tj ET Q
q 0 0 0 rg BT 213.23 73.95 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 232.73 73.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 256.60 73.95 Td (September ) Tj ET Q
q 0 0 0 rg BT 304.97 73.95 Td (2012 ) Tj ET Q
q 0 0 0 rg BT 329.43 73.95 Td (through ) Tj ET Q
q 0 0 0 rg BT 364.79 73.95 Td (April ) Tj ET Q
q 0 0 0 rg BT 390.42 73.95 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 417.51 73.95 Td (He ) Tj ET Q
q 0 0 0 rg BT 433.22 73.95 Td (served ) Tj ET Q
q 0 0 0 rg BT 464.09 73.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 476.30 73.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 484.42 73.95 Td (director ) Tj ET Q
q 0 0 0 rg BT 520.53 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 532.74 73.95 Td (Boston ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 91.20 61.35 Td (Data ) Tj ET Q
q 0 0 0 rg BT 113.65 61.35 Td (Services, ) Tj ET Q
q 0 0 0 rg BT 154.47 61.35 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 173.13 61.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 196.16 61.35 Td (2009 ) Tj ET Q
q 0 0 0 rg BT 219.79 61.35 Td (through ) Tj ET Q
q 0 0 0 rg BT 255.08 61.35 Td (2013.) Tj ET Q
endstream
endobj
301 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 302 0 R>>
endobj
302 0 obj
<</Length 77503>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (148) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 741.75 Td (Mr) Tj ET Q
q 0 0 0 rg BT 97.75 741.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 103.86 741.75 Td (Hooley�) Tj ET Q
q 0 0 0 rg BT 137.69 741.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 145.25 741.75 Td (qualifications ) Tj ET Q
q 0 0 0 rg BT 205.88 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 217.52 741.75 Td (serve ) Tj ET Q
q 0 0 0 rg BT 243.16 741.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 257.13 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 274.61 741.75 Td (Board ) Tj ET Q
q 0 0 0 rg BT 303.75 741.75 Td (include ) Tj ET Q
q 0 0 0 rg BT 338.13 741.75 Td (his ) Tj ET Q
q 0 0 0 rg BT 353.86 741.75 Td (extensive ) Tj ET Q
q 0 0 0 rg BT 396.99 741.75 Td (understanding ) Tj ET Q
q 0 0 0 rg BT 459.96 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 472.18 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 488.49 741.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 528.70 741.75 Td (services ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (industry ) Tj ET Q
q 0 0 0 rg BT 85.69 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 102.62 729.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 123.05 729.15 Td (25 ) Tj ET Q
q 0 0 0 rg BT 135.32 729.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 159.25 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 169.77 729.15 Td (experience ) Tj ET Q
q 0 0 0 rg BT 217.00 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 226.94 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 233.38 729.15 Td (variety ) Tj ET Q
q 0 0 0 rg BT 264.30 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 274.82 729.15 Td (leadership ) Tj ET Q
q 0 0 0 rg BT 319.74 729.15 Td (roles ) Tj ET Q
q 0 0 0 rg BT 341.92 729.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 351.27 729.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 389.77 729.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 425.36 729.15 Td (companies ) Tj ET Q
q 0 0 0 rg BT 472.04 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 488.97 729.15 Td (firms ) Tj ET Q
q 0 0 0 rg BT 512.91 729.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 530.42 729.15 Td (provide ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (advice ) Tj ET Q
q 0 0 0 rg BT 79.95 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 98.16 716.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 135.03 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 146.25 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.13 716.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 201.91 716.55 Td (services ) Tj ET Q
q 0 0 0 rg BT 238.78 716.55 Td (industry) Tj ET Q
q 0 0 0 rg BT 272.52 716.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 278.19 716.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 289.99 716.55 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 330.08 716.55 Td (Mr) Tj ET Q
q 0 0 0 rg BT 342.33 716.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 348.01 716.55 Td (Hooley ) Tj ET Q
q 0 0 0 rg BT 381.97 716.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 399.02 716.55 Td (experience ) Tj ET Q
q 0 0 0 rg BT 447.54 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 459.33 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 467.04 716.55 Td (director ) Tj ET Q
q 0 0 0 rg BT 502.75 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 514.54 716.55 Td (both ) Tj ET Q
q 0 0 0 rg BT 536.26 716.55 Td (public ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.44 703.95 Td (private ) Tj ET Q
q 0 0 0 rg BT 97.38 703.95 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 146.69 703.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 188.13 703.95 Td (membership ) Tj ET Q
q 0 0 0 rg BT 241.82 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 254.10 703.95 Td (both ) Tj ET Q
q 0 0 0 rg BT 274.55 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 289.16 703.95 Td (audit ) Tj ET Q
q 0 0 0 rg BT 311.94 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 328.88 703.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 388.98 703.95 Td (committees ) Tj ET Q
q 0 0 0 rg BT 439.17 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 449.70 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 456.14 703.95 Td (publicly-traded ) Tj ET Q
q 0 0 0 rg BT 522.07 703.95 Td (company) Tj ET Q
q 0 0 0 rg BT 559.88 703.95 Td (.) Tj ET Q
BT /F6 10.50 Tf ET
q 0 0 0 rg BT 85.50 678.75 Td (John ) Tj ET Q
q 0 0 0 rg BT 109.45 678.75 Td (V) Tj ET Q
q 0 0 0 rg BT 115.10 678.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 119.49 678.75 Td (Murphy) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 154.51 678.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 158.90 678.75 Td (age ) Tj ET Q
q 0 0 0 rg BT 175.24 678.75 Td (70, ) Tj ET Q
q 0 0 0 rg BT 190.14 678.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 205.91 678.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 227.50 678.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 233.93 678.75 Td (director ) Tj ET Q
q 0 0 0 rg BT 268.35 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 278.86 678.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 302.21 678.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 332.56 678.75 Td (since ) Tj ET Q
q 0 0 0 rg BT 355.91 678.75 Td (June ) Tj ET Q
q 0 0 0 rg BT 376.92 678.75 Td (2013 ) Tj ET Q
q 0 0 0 rg BT 399.69 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 416.63 678.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 432.39 678.75 Td (served ) Tj ET Q
q 0 0 0 rg BT 461.57 678.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 472.08 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 487.85 678.75 Td (Lead ) Tj ET Q
q 0 0 0 rg BT 510.61 678.75 Td (Independent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (Director ) Tj ET Q
q 0 0 0 rg BT 86.98 666.15 Td (since ) Tj ET Q
q 0 0 0 rg BT 111.06 666.15 Td (October ) Tj ET Q
q 0 0 0 rg BT 147.38 666.15 Td (2014. ) Tj ET Q
q 0 0 0 rg BT 173.51 666.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 185.76 666.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 190.89 666.15 Td (Murphy ) Tj ET Q
q 0 0 0 rg BT 227.22 666.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 236.73 666.15 Td (currently ) Tj ET Q
q 0 0 0 rg BT 277.13 666.15 Td (engaged ) Tj ET Q
q 0 0 0 rg BT 314.62 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 325.29 666.15 Td (private ) Tj ET Q
q 0 0 0 rg BT 356.94 666.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 405.52 666.15 Td (activities. ) Tj ET Q
q 0 0 0 rg BT 448.55 666.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 460.81 666.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 465.93 666.15 Td (Murphy ) Tj ET Q
q 0 0 0 rg BT 502.27 666.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 521.10 666.15 Td (employed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 64.15 653.55 Td (Korn/Ferry ) Tj ET Q
q 0 0 0 rg BT 115.53 653.55 Td (International, ) Tj ET Q
q 0 0 0 rg BT 175.95 653.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 190.01 653.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 234.38 653.55 Td (search ) Tj ET Q
q 0 0 0 rg BT 265.35 653.55 Td (firm ) Tj ET Q
q 0 0 0 rg BT 287.57 653.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 300.46 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 309.27 653.55 Td (Managing ) Tj ET Q
q 0 0 0 rg BT 355.99 653.55 Td (Director ) Tj ET Q
q 0 0 0 rg BT 395.12 653.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 411.51 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 427.57 653.55 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 455.06 653.55 Td (Management ) Tj ET Q
q 0 0 0 rg BT 514.02 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 533.02 653.55 Td (W) Tj ET Q
q 0 0 0 rg BT 542.09 653.55 Td (ealth ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 107.15 640.95 Td (section ) Tj ET Q
q 0 0 0 rg BT 139.73 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 151.32 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.98 640.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 198.40 640.95 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 240.31 640.95 Td (Market, ) Tj ET Q
q 0 0 0 rg BT 276.10 640.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 299.34 640.95 Td (2010 ) Tj ET Q
q 0 0 0 rg BT 323.18 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 334.19 640.95 Td (2012. ) Tj ET Q
q 0 0 0 rg BT 360.65 640.95 Td (From ) Tj ET Q
q 0 0 0 rg BT 386.24 640.95 Td (2000 ) Tj ET Q
q 0 0 0 rg BT 410.08 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 421.09 640.95 Td (2009, ) Tj ET Q
q 0 0 0 rg BT 447.55 640.95 Td (Mr) Tj ET Q
q 0 0 0 rg BT 459.80 640.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 465.27 640.95 Td (Murphy ) Tj ET Q
q 0 0 0 rg BT 501.94 640.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 521.10 640.95 Td (employed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.07 628.35 Td (various ) Tj ET Q
q 0 0 0 rg BT 95.38 628.35 Td (senior ) Tj ET Q
q 0 0 0 rg BT 124.44 628.35 Td (positions ) Tj ET Q
q 0 0 0 rg BT 165.76 628.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 187.83 628.35 Td (OppenheimerFunds ) Tj ET Q
q 0 0 0 rg BT 274.05 628.35 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 296.11 628.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 309.42 628.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 333.23 628.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 390.27 628.35 Td (firm, ) Tj ET Q
q 0 0 0 rg BT 414.38 628.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 457.44 628.35 Td (Chairman, ) Tj ET Q
q 0 0 0 rg BT 504.87 628.35 Td (President ) Tj ET Q
q 0 0 0 rg BT 547.35 628.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 75.50 615.75 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 120.15 615.75 Td (Of) Tj ET Q
q 0 0 0 rg BT 131.04 615.75 Td (ficer) Tj ET Q
q 0 0 0 rg BT 149.69 615.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 154.99 615.75 Td (He ) Tj ET Q
q 0 0 0 rg BT 169.91 615.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 189.49 615.75 Td (served ) Tj ET Q
q 0 0 0 rg BT 219.57 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 230.99 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 238.32 615.75 Td (director ) Tj ET Q
q 0 0 0 rg BT 273.64 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.06 615.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 306.39 615.75 Td (60 ) Tj ET Q
q 0 0 0 rg BT 319.56 615.75 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 351.39 615.75 Td (funds ) Tj ET Q
q 0 0 0 rg BT 377.40 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 388.23 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.73 615.75 Td (OppenheimerFunds ) Tj ET Q
q 0 0 0 rg BT 489.23 615.75 Td (complex. ) Tj ET Q
q 0 0 0 rg BT 530.68 615.75 Td (Prior ) Tj ET Q
q 0 0 0 rg BT 554.35 615.75 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (joining ) Tj ET Q
q 0 0 0 rg BT 81.81 603.15 Td (OppenheimerFunds, ) Tj ET Q
q 0 0 0 rg BT 169.81 603.15 Td (he ) Tj ET Q
q 0 0 0 rg BT 182.28 603.15 Td (spent ) Tj ET Q
q 0 0 0 rg BT 207.00 603.15 Td (eight ) Tj ET Q
q 0 0 0 rg BT 230.55 603.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 255.26 603.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 276.48 603.15 Td (MassMutual ) Tj ET Q
q 0 0 0 rg BT 331.54 603.15 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 373.17 603.15 Td (Group, ) Tj ET Q
q 0 0 0 rg BT 405.18 603.15 Td (OppenheimerFunds�) Tj ET Q
q 0 0 0 rg BT 490.72 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 493.28 603.15 Td (parent ) Tj ET Q
q 0 0 0 rg BT 522.07 603.15 Td (company) Tj ET Q
q 0 0 0 rg BT 559.87 603.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.82 590.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 68.63 590.55 Td (variety ) Tj ET Q
q 0 0 0 rg BT 100.94 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.83 590.55 Td (senior ) Tj ET Q
q 0 0 0 rg BT 141.65 590.55 Td (roles. ) Tj ET Q
q 0 0 0 rg BT 167.84 590.55 Td (Before ) Tj ET Q
q 0 0 0 rg BT 199.56 590.55 Td (that, ) Tj ET Q
q 0 0 0 rg BT 221.08 590.55 Td (he ) Tj ET Q
q 0 0 0 rg BT 234.14 590.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 253.62 590.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 261.44 590.55 Td (founding ) Tj ET Q
q 0 0 0 rg BT 302.50 590.55 Td (principal ) Tj ET Q
q 0 0 0 rg BT 342.97 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.87 590.55 Td (Liberty ) Tj ET Q
q 0 0 0 rg BT 388.93 590.55 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 431.16 590.55 Td (Companies ) Tj ET Q
q 0 0 0 rg BT 481.55 590.55 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 503.36 590.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 516.43 590.55 Td (investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 105.77 577.95 Td (firm. ) Tj ET Q
q 0 0 0 rg BT 129.10 577.95 Td (He ) Tj ET Q
q 0 0 0 rg BT 143.97 577.95 Td (began ) Tj ET Q
q 0 0 0 rg BT 171.66 577.95 Td (his ) Tj ET Q
q 0 0 0 rg BT 186.54 577.95 Td (career ) Tj ET Q
q 0 0 0 rg BT 214.80 577.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 224.43 577.95 Td (Arthur ) Tj ET Q
q 0 0 0 rg BT 254.47 577.95 Td (Andersen ) Tj ET Q
q 0 0 0 rg BT 297.33 577.95 Td (& ) Tj ET Q
q 0 0 0 rg BT 308.12 577.95 Td (Co. ) Tj ET Q
q 0 0 0 rg BT 325.62 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 336.42 577.95 Td (1972 ) Tj ET Q
q 0 0 0 rg BT 360.04 577.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 371.41 577.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 383.95 577.95 Td (accountant. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 552.75 Td (Mr) Tj ET Q
q 0 0 0 rg BT 97.75 552.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 102.42 552.75 Td (Murphy�) Tj ET Q
q 0 0 0 rg BT 139.17 552.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 145.29 552.75 Td (qualifications ) Tj ET Q
q 0 0 0 rg BT 204.49 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 214.69 552.75 Td (serve ) Tj ET Q
q 0 0 0 rg BT 238.89 552.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 251.42 552.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 267.46 552.75 Td (Board ) Tj ET Q
q 0 0 0 rg BT 295.16 552.75 Td (include ) Tj ET Q
q 0 0 0 rg BT 328.10 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.97 552.75 Td (knowledge, ) Tj ET Q
q 0 0 0 rg BT 393.71 552.75 Td (leadership ) Tj ET Q
q 0 0 0 rg BT 438.90 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 456.10 552.75 Td (experience ) Tj ET Q
q 0 0 0 rg BT 503.60 552.75 Td (gained ) Tj ET Q
q 0 0 0 rg BT 533.63 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 543.84 552.75 Td (over ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (30 ) Tj ET Q
q 0 0 0 rg BT 62.51 540.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 87.18 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 98.43 540.15 Td (experience ) Tj ET Q
q 0 0 0 rg BT 146.41 540.15 Td (working ) Tj ET Q
q 0 0 0 rg BT 183.92 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 194.60 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.94 540.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 258.52 540.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 314.68 540.15 Td (business ) Tj ET Q
q 0 0 0 rg BT 352.78 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 370.45 540.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 381.71 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 388.88 540.15 Td (Chairman, ) Tj ET Q
q 0 0 0 rg BT 435.42 540.15 Td (President ) Tj ET Q
q 0 0 0 rg BT 477.01 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 494.68 540.15 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 520.52 540.15 Td (Executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (Of) Tj ET Q
q 0 0 0 rg BT 60.39 527.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 83.95 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 97.02 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 106.00 527.55 Td (lar) Tj ET Q
q 0 0 0 rg BT 116.89 527.55 Td (ge, ) Tj ET Q
q 0 0 0 rg BT 133.75 527.55 Td (complex ) Tj ET Q
q 0 0 0 rg BT 174.23 527.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 198.96 527.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 256.93 527.55 Td (or) Tj ET Q
q 0 0 0 rg BT 265.49 527.55 Td (ganization. ) Tj ET Q
q 0 0 0 rg BT 316.17 527.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 329.24 527.55 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 370.60 527.55 Td (he ) Tj ET Q
q 0 0 0 rg BT 384.84 527.55 Td (gained ) Tj ET Q
q 0 0 0 rg BT 417.15 527.55 Td (extensive ) Tj ET Q
q 0 0 0 rg BT 461.13 527.55 Td (industry ) Tj ET Q
q 0 0 0 rg BT 499.87 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 519.35 527.55 Td (leadership ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (experience ) Tj ET Q
q 0 0 0 rg BT 96.36 514.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 108.25 514.95 Td (serving ) Tj ET Q
q 0 0 0 rg BT 140.55 514.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 150.69 514.95 Td (Chairman ) Tj ET Q
q 0 0 0 rg BT 193.49 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 210.04 514.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 220.18 514.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 226.24 514.95 Td (member ) Tj ET Q
q 0 0 0 rg BT 262.03 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 272.17 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.39 514.95 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 329.76 514.95 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 377.82 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 394.37 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.59 514.95 Td (Board ) Tj ET Q
q 0 0 0 rg BT 435.64 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 445.78 514.95 Td (Governors ) Tj ET Q
q 0 0 0 rg BT 491.50 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 501.64 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 515.86 514.95 Td (Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (Company ) Tj ET Q
q 0 0 0 rg BT 92.96 502.35 Td (Institute.) Tj ET Q
BT /F6 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 477.15 Td (Nelson ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.93 477.15 Td (Peltz, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.64 477.15 Td (age ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.30 477.15 Td (77, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.52 477.15 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.60 477.15 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.52 477.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.27 477.15 Td (director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.01 477.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.84 477.15 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.51 477.15 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.18 477.15 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.85 477.15 Td (May ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.18 477.15 Td (2019 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.27 477.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.53 477.15 Td (previously ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.94 477.15 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.44 477.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.28 477.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.03 477.15 Td (director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.77 477.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 464.55 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.56 464.55 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.63 464.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.53 464.55 Td (October ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.83 464.55 Td (2009 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.32 464.55 Td (until ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.06 464.55 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.69 464.55 Td (2014. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.80 464.55 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.05 464.55 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.16 464.55 Td (Peltz ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.65 464.55 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.13 464.55 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.02 464.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.26 464.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.57 464.55 Td (Chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.39 464.55 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.85 464.55 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.74 464.55 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.46 464.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.11 464.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.26 464.55 Td (Founding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 451.95 Td (Partner ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.02 451.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.73 451.95 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.78 451.95 Td (rian, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.92 451.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.78 451.95 Td (multi-billion ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.06 451.95 Td (dollar ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.75 451.95 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.36 451.95 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.20 451.95 Td (firm ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.48 451.95 Td (specializing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.82 451.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.19 451.95 Td (helping ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.88 451.95 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.98 451.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.34 451.95 Td (optimize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.28 451.95 Td (operational ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 439.35 Td (performance, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.62 439.35 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.64 439.35 Td (2005. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.72 439.35 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.16 439.35 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.42 439.35 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.49 439.35 Td (Peltz ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.93 439.35 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.37 439.35 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.23 439.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.42 439.35 Td (director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.52 439.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.53 439.35 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.13 439.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.20 439.35 Td (endy�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.52 439.35 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.06 439.35 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.34 439.35 Td (\(�W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.56 439.35 Td (endy�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.89 439.35 Td (s�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.21 439.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.48 439.35 Td (world�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.90 439.35 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.43 439.35 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.71 439.35 Td (lar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.59 439.35 Td (gest ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 426.75 Td (quick-service ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.44 426.75 Td (hambur) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.33 426.75 Td (ger ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.12 426.75 Td (company) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.93 426.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.94 426.75 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.38 426.75 Td (April ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.93 426.75 Td (1993 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.31 426.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.86 426.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.00 426.75 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.30 426.75 Td (non-executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.17 426.75 Td (Chairman ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.96 426.75 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.92 426.75 Td (June ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.55 426.75 Td (2007. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.57 426.75 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.82 426.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.83 426.75 Td (Peltz ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.21 426.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.60 426.75 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 414.15 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.24 414.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.33 414.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.33 414.15 Td (director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.32 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.40 414.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.49 414.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.49 414.15 Td (director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.48 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.56 414.15 Td (Sysco ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.99 414.15 Td (Corporation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.07 414.15 Td (\(�Sysco�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.43 414.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.60 414.15 Td (lar) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.49 414.15 Td (gest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.74 414.15 Td (North ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.84 414.15 Td (American ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.57 414.15 Td (distributor ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.66 414.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.75 414.15 Td (food ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.33 414.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.55 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.20 401.55 Td (products, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.13 401.55 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.15 401.55 Td (August ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.62 401.55 Td (2015, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.16 401.55 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.62 401.55 Td (Procter ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.08 401.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.38 401.55 Td (Gamble ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.75 401.55 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.72 401.55 Td (\("P&G"\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.64 401.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.44 401.55 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.82 401.55 Td (consumer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.78 401.55 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.08 401.55 Td (company) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 559.89 401.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 388.95 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.79 388.95 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.92 388.95 Td (2018, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.26 388.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.01 388.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.05 388.95 Td (Madison ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.52 388.95 Td (Square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.40 388.95 Td (Garden ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.02 388.95 Td (Sports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.58 388.95 Td (Corp. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.92 388.95 Td (\(formerly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.74 388.95 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.79 388.95 Td (Madison ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.26 388.95 Td (Square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.13 388.95 Td (Garden ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.75 388.95 Td (Company\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.42 388.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.80 388.95 Td (sports, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 376.35 Td (entertainment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.28 376.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.49 376.35 Td (media ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.20 376.35 Td (company) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.00 376.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.68 376.35 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.30 376.35 Td (September ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.26 376.35 Td (2015. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.93 376.35 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.19 376.35 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.86 376.35 Td (Peltz ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.91 376.35 Td (previously ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.29 376.35 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.75 376.35 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.30 376.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.18 376.35 Td (board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.13 376.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.93 376.35 Td (directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.72 376.35 Td (of ) Tj ET Q
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 522.51 376.35 Td (Mondelez) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 363.75 Td (International, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.56 363.75 Td (Inc. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.38 363.75 Td (\(�) Tj ET Q
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 133.54 363.75 Td (Mondelez) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.52 363.75 Td (�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.10 363.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.55 363.75 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.58 363.75 Td (snacking ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.70 363.75 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.97 363.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.17 363.75 Td (January ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.62 363.75 Td (2014 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.41 363.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.36 363.75 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.56 363.75 Td (2018, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.97 363.75 Td (MSG ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.52 363.75 Td (Networks, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.76 363.75 Td (Inc. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.59 363.75 Td (\(�MSG ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 351.15 Td (Networks�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.35 351.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.26 351.15 Td (sports ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.59 351.15 Td (media ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.49 351.15 Td (company) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.30 351.15 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.17 351.15 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.82 351.15 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.20 351.15 Td (2014 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.45 351.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.86 351.15 Td (September ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.01 351.15 Td (2015 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.25 351.15 Td (and, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.28 351.15 Td (Ingersoll-Rand ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.51 351.15 Td (plc ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.58 351.15 Td (\(�Ingersoll-Rand�\), ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 338.55 Td (an ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.34 338.55 Td (Irish ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.52 338.55 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.69 338.55 Td (diversified ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.52 338.55 Td (industrial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.11 338.55 Td (company) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.92 338.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.47 338.55 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.17 338.55 Td (August ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.43 338.55 Td (2012 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.36 338.55 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.46 338.55 Td (June ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.63 338.55 Td (2014, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.19 338.55 Td (H. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.32 338.55 Td (J. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.96 338.55 Td (Heinz ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.97 338.55 Td (Company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.73 338.55 Td (\(�Heinz�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.67 338.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.25 338.55 Td (global ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 325.95 Td (packaged ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.77 325.95 Td (food ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.64 325.95 Td (manufacturer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.23 325.95 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.27 325.95 Td (September ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.80 325.95 Td (2006 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.42 325.95 Td (until ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.30 325.95 Td (June ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.17 325.95 Td (2013. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 300.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.53 300.75 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.31 300.75 Td (addition ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.75 300.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.95 300.75 Td (founding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.68 300.75 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.72 300.75 Td (rian, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.70 300.75 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.96 300.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.61 300.75 Td (Peltz ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.64 300.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.67 300.75 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.11 300.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.30 300.75 Td (senior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.00 300.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.67 300.75 Td (positions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.63 300.75 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.24 300.75 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.18 300.75 Td (companies. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.74 300.75 Td (From ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.15 Td (1993 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.40 288.15 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.48 288.15 Td (2007, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.01 288.15 Td (he ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.82 288.15 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.13 288.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.78 288.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.52 288.15 Td (Chairman ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.83 288.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.89 288.15 Td (Chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.13 288.15 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.01 288.15 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.90 288.15 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.04 288.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.55 288.15 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.60 288.15 Td (riarc ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.73 288.15 Td (Companies, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.51 288.15 Td (Inc. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.45 288.15 Td (\(now ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.93 288.15 Td (known ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.42 288.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.93 288.15 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.02 288.15 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.09 288.15 Td (endy�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 558.42 288.15 Td (s ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.55 Td (Company\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.81 275.55 Td (which, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.45 275.55 Td (during ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.21 275.55 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.31 275.55 Td (period, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.12 275.55 Td (owned ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.94 275.55 Td (Arby�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.44 275.55 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.88 275.55 Td (Restaurant ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.14 275.55 Td (Group, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.95 275.55 Td (Inc. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.33 275.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.85 275.55 Td (acquired ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.35 275.55 Td (Snapple ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.53 275.55 Td (Beverage ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.52 275.55 Td (Group, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.33 275.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.43 275.55 Td (well ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 262.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.49 262.95 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.31 262.95 Td (consumer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.37 262.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.78 262.95 Td (industrial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.68 262.95 Td (businesses. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.89 262.95 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.14 262.95 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.01 262.95 Td (Peltz ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.25 262.95 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.82 262.95 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.98 262.95 Td (Chairman ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.63 262.95 Td (& ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.04 262.95 Td (Chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.61 262.95 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.83 262.95 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.72 262.95 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.20 262.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.03 262.95 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.07 262.95 Td (riangle ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.47 262.95 Td (Industries, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.35 Td (Inc., ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.15 250.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.81 250.35 Td (Fortune ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.47 250.35 Td (100 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.21 250.35 Td (industrial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.87 250.35 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.36 250.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.51 250.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.34 250.35 Td (parent ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.57 250.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.87 250.35 Td (American ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.26 250.35 Td (National ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.42 250.35 Td (Can ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.33 250.35 Td (Company) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.48 250.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.10 250.35 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.50 250.35 Td (1983 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.50 250.35 Td (until ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.75 250.35 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.88 250.35 Td (1988, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.75 Td (when ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.50 237.75 Td (it ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.59 237.75 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.17 237.75 Td (acquired ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.57 237.75 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.33 237.75 Td (Pechiney) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.13 237.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.01 237.75 Td (S.A. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.94 237.75 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.19 237.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.07 237.75 Td (Peltz ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.32 237.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.58 237.75 Td (more ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.41 237.75 Td (than ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.74 237.75 Td (40 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.49 237.75 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.90 237.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.90 237.75 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.74 237.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.16 237.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.49 237.75 Td (experience, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.84 237.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.09 237.75 Td (served ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 225.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.74 225.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.05 225.15 Td (chairman ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.61 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.26 225.15 Td (chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.73 225.15 Td (executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.45 225.15 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.00 225.15 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.73 225.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.96 225.15 Td (public ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.70 225.15 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.09 225.15 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.82 225.15 Td (over ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.97 225.15 Td (20 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.96 225.15 Td (years ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.60 225.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.25 225.15 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.74 225.15 Td (extensive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.88 225.15 Td (public ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.61 225.15 Td (company ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.59 225.15 Td (board ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 212.55 Td (experience--currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.60 212.55 Td (serving ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.25 212.55 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.49 212.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.06 212.55 Td (boards ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.79 212.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.27 212.55 Td (Sysco, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.53 212.55 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.60 212.55 Td (endy�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.93 212.55 Td (s, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.38 212.55 Td (P&G ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.71 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.61 212.55 Td (Madison ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.10 212.55 Td (Square ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.99 212.55 Td (Garden ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.63 212.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.53 212.55 Td (previously ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.60 212.55 Td (serving ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 199.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.63 199.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.08 199.95 Td (boards ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.70 199.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.07 199.95 Td (Mondelez, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.30 199.95 Td (Heinz, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.63 199.95 Td (Ingersoll-Rand, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.86 199.95 Td (MSG ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.25 199.95 Td (Networks ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.70 199.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.48 199.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.68 199.95 Td (Mason.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 174.75 Td (Throughout ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.91 174.75 Td (his ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.00 174.75 Td (professional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.16 174.75 Td (career) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.38 174.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.84 174.75 Td (he ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.59 174.75 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.42 174.75 Td (developed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.41 174.75 Td (extensive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.90 174.75 Td (experience ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.20 174.75 Td (working ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.03 174.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.54 174.75 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.02 174.75 Td (teams ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.35 174.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 162.15 Td (boards, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.46 162.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.55 162.15 Td (well ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.97 162.15 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.05 162.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.56 162.15 Td (acquiring, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.18 162.15 Td (investing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.02 162.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.53 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.03 162.15 Td (building ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.37 162.15 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.61 162.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.11 162.15 Td (implementing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.78 162.15 Td (operational ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.35 162.15 Td (improvements ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.77 162.15 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.69 162.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 149.55 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.90 149.55 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.07 149.55 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.23 149.55 Td (he ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.64 149.55 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.13 149.55 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.45 149.55 Td (involved. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.32 149.55 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.58 149.55 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.70 149.55 Td (Peltz ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.19 149.55 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.02 149.55 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.44 149.55 Td (recognized ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.99 149.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.99 149.55 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.32 149.55 Td (National ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.64 149.55 Td (Association ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.72 149.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.96 149.55 Td (Corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.45 149.55 Td (Directors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 136.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.78 136.95 Td (2010, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.52 136.95 Td (201) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.88 136.95 Td (1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.25 136.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.52 136.95 Td (2012 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.64 136.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.50 136.95 Td (among ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.19 136.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.13 136.95 Td (most ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.67 136.95 Td (influential ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.94 136.95 Td (people ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.04 136.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.33 136.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.27 136.95 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.63 136.95 Td (corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.39 136.95 Td (governance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.89 136.95 Td (arena. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.89 136.95 Td (As ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.68 136.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.45 136.95 Td (result, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.52 136.95 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.77 136.95 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.51 136.95 Td (Peltz ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 124.35 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.37 124.35 Td (developed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.39 124.35 Td (strong ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.51 124.35 Td (operating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.03 124.35 Td (experience ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.37 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.40 124.35 Td (strategic ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.83 124.35 Td (planning ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.45 124.35 Td (skills, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.12 124.35 Td (valuable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.55 124.35 Td (leadership ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.57 124.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.60 124.35 Td (corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.12 124.35 Td (governance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 111.75 Td (experience ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.08 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.36 111.75 Td (strong ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.72 111.75 Td (relationships ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.49 111.75 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.28 111.75 Td (institutional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.56 111.75 Td (investors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.21 111.75 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.40 111.75 Td (banking/capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.25 111.75 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.60 111.75 Td (advisors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.71 111.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.99 111.75 Td (others ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.76 111.75 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 99.15 Td (we ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.37 99.15 Td (believe ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.31 99.15 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.27 99.15 Td (benefit ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.05 99.15 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.25 99.15 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.46 99.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.24 99.15 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.79 99.15 Td (Board.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 73.95 Td (Alison ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.37 73.95 Td (A. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.35 73.95 Td (Quirk) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.03 73.95 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.01 73.95 Td (age ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.94 73.95 Td (58, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.42 73.95 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.77 73.95 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.94 73.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.96 73.95 Td (director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.96 73.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.06 73.95 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.99 73.95 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.93 73.95 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.86 73.95 Td (November ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.53 73.95 Td (2017 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.89 73.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.40 73.95 Td (is ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.76 73.95 Td (currently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.01 73.95 Td (engaged ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.35 73.95 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.35 Td (private ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.26 61.35 Td (consulting. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.25 61.35 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.61 61.35 Td (September ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.13 61.35 Td (2002 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.74 61.35 Td (until ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.60 61.35 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.62 61.35 Td (2017, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.85 61.35 Td (Ms. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.51 61.35 Td (Quirk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.62 61.35 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.56 61.35 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.83 61.35 Td (member ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.85 61.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.20 61.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.64 61.35 Td (Management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.07 61.35 Td (Committee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.34 61.35 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 48.75 Td (executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.97 48.75 Td (vice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.71 48.75 Td (president ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.45 48.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.44 48.75 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.27 48.75 Td (Human ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.42 48.75 Td (Resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.83 48.75 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.65 48.75 Td (State ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.89 48.75 Td (Street ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.63 48.75 Td (Corporation. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.25 48.75 Td (Ms. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.54 48.75 Td (Quirk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.29 48.75 Td (joined ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.78 48.75 Td (State ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.02 48.75 Td (Street ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.76 48.75 Td (Corporation ) Tj ET Q
endstream
endobj
303 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 304 0 R>>
endobj
304 0 obj
<</Length 44569>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (149) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 741.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.14 741.75 Td (September ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.52 741.75 Td (2002 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.99 741.75 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.22 741.75 Td (senior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.35 741.75 Td (vice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.32 741.75 Td (president, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.90 741.75 Td (Deutsche ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.45 741.75 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.50 741.75 Td (Services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.55 741.75 Td (Integration ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.84 741.75 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.52 741.75 Td (eam, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.11 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.74 741.75 Td (subsequently ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.05 741.75 Td (held ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.60 741.75 Td (various ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (senior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.79 729.15 Td (human ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.99 729.15 Td (resources ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.26 729.15 Td (roles. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.92 729.15 Td (Ms. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.60 729.15 Td (Quirk ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.72 729.15 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.34 729.15 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.63 729.15 Td (B.A. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.09 729.15 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.12 729.15 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.58 729.15 Td (University ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.53 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.90 729.15 Td (New ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.35 729.15 Td (Hampshire. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.68 729.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 703.95 Td (Ms. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.90 703.95 Td (Quirk�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.31 703.95 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.75 703.95 Td (qualifications ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.26 703.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.78 703.95 Td (serve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.29 703.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.14 703.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.49 703.95 Td (Board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.50 703.95 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.76 703.95 Td (her ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.52 703.95 Td (experience ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.34 703.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.86 703.95 Td (human ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.79 703.95 Td (resources, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.42 703.95 Td (marketing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.34 703.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (communications ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.69 691.35 Td (focused ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.14 691.35 Td (roles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.33 691.35 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.70 691.35 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.40 691.35 Td (financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.92 691.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.52 691.35 Td (firms. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.10 691.35 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.63 691.35 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.46 691.35 Td (her ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.66 691.35 Td (prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.85 691.35 Td (board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.55 691.35 Td (experience ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.80 691.35 Td (includes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.58 691.35 Td (serving ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 678.75 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.63 678.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.08 678.75 Td (board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.61 678.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.98 678.75 Td (Boston ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.36 678.75 Td (Financial ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.06 678.75 Td (Data ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.51 678.75 Td (Services, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.33 678.75 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.62 678.75 Td (joint ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.50 678.75 Td (venture ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.61 678.75 Td (between ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.21 678.75 Td (State ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.83 678.75 Td (Street ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.95 678.75 Td (Corporation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.32 678.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.10 678.75 Td (DST) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.75 678.75 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.38 678.75 Td (Systems.) Tj ET Q
BT /F6 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 653.55 Td (Joseph ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.52 653.55 Td (A. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.13 653.55 Td (Sullivan) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.31 653.55 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.92 653.55 Td (age ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.47 653.55 Td (62, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.58 653.55 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.56 653.55 Td (been ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.36 653.55 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.00 653.55 Td (director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.63 653.55 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.35 653.55 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.91 653.55 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.47 653.55 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.03 653.55 Td (February ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.91 653.55 Td (2013 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.90 653.55 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.04 653.55 Td (has ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.01 653.55 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.40 653.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.13 653.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.10 653.55 Td (Chairman ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 640.95 Td (since ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.04 640.95 Td (October ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.83 640.95 Td (2014. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.42 640.95 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.67 640.95 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.26 640.95 Td (Sullivan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.23 640.95 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.53 640.95 Td (elected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.22 640.95 Td (President, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.89 640.95 Td (Chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.18 640.95 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.13 640.95 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.02 640.95 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.22 640.95 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.34 640.95 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.97 640.95 Td (member ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.34 640.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.05 640.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.85 640.95 Td (Board ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.47 640.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.60 640.95 Td (February ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 628.35 Td (2013. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.45 628.35 Td (Before ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.34 628.35 Td (being ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.00 628.35 Td (appointed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.73 628.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.80 628.35 Td (President ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.20 628.35 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.69 628.35 Td (Chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.34 628.35 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.65 628.35 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.54 628.35 Td (ficer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.35 628.35 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.30 628.35 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.55 628.35 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.50 628.35 Td (Sullivan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.83 628.35 Td (served ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.56 628.35 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.63 628.35 Td (Interim ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.86 628.35 Td (Chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.51 628.35 Td (Executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 615.75 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.39 615.75 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.55 615.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.22 615.75 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.72 615.75 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.23 615.75 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.57 615.75 Td (October ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.31 615.75 Td (1, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.11 615.75 Td (2012 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.04 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.13 615.75 Td (February ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.97 615.75 Td (1) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.83 615.75 Td (1, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.63 615.75 Td (2013. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.18 615.75 Td (Prior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.10 615.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.20 615.75 Td (that, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.50 615.75 Td (Mr) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.75 615.75 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.30 615.75 Td (Sullivan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.23 615.75 Td (oversaw ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.14 615.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.90 615.75 Td (global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.07 615.75 Td (distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 603.15 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.27 603.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.05 603.15 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.66 603.15 Td (Mason. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.90 603.15 Td (He ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.18 603.15 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.54 603.15 Td (elected ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.31 603.15 Td (Senior ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.75 603.15 Td (Executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.55 603.15 Td (V) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.50 603.15 Td (ice ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.77 603.15 Td (President ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.89 603.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.67 603.15 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.28 603.15 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.89 603.15 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.09 603.15 Td (September ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.03 603.15 Td (2008 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.07 603.15 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.26 603.15 Td (until ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 590.55 Td (January ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.94 590.55 Td (201) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.30 590.55 Td (1 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.33 590.55 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.45 590.55 Td (responsible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.06 590.55 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.08 590.55 Td (overseeing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.35 590.55 Td (administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.21 590.55 Td (functions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.07 590.55 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.60 590.55 Td (Chief ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.32 590.55 Td (Administrative ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.09 590.55 Td (Of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.98 590.55 Td (ficer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.64 590.55 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.05 590.55 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.58 590.55 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.51 590.55 Td (2005 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 577.95 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.09 577.95 Td (September ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.41 577.95 Td (2008, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.46 577.95 Td (he ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.79 577.95 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.54 577.95 Td (responsible ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.78 577.95 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.44 577.95 Td (overseeing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.35 577.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.60 577.95 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.59 577.95 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.92 577.95 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.32 577.95 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.98 577.95 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.14 577.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.31 577.95 Td (Stifel ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.47 577.95 Td (Nicolaus, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.85 577.95 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 565.35 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.69 565.35 Td (-dealer) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.26 565.35 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.07 565.35 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.01 565.35 Td (1993 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.20 565.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.56 565.35 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.88 565.35 Td (2005, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.70 565.35 Td (he ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.79 565.35 Td (oversaw ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.97 565.35 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.99 565.35 Td (fixed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.75 565.35 Td (income ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.84 565.35 Td (capital ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.02 565.35 Td (markets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.44 565.35 Td (operations ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.37 565.35 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.30 565.35 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.07 565.35 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.68 565.35 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.75 565.35 Td (ood ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 552.75 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.57 552.75 Td (alker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.13 552.75 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.38 552.75 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.84 552.75 Td (company�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.24 552.75 Td (s ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.96 552.75 Td (broker) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.15 552.75 Td (-dealer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.92 552.75 Td (subsidiary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.71 552.75 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.08 552.75 Td (was ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.03 552.75 Td (sold ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.16 552.75 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.95 552.75 Td (December ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.72 552.75 Td (2005.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 390.34 552.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 527.55 Td (Mr) Tj ET Q
q 0 0 0 rg BT 97.75 527.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 102.32 527.55 Td (Sullivan�) Tj ET Q
q 0 0 0 rg BT 140.25 527.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 146.28 527.55 Td (qualifications ) Tj ET Q
q 0 0 0 rg BT 205.38 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 215.49 527.55 Td (serve ) Tj ET Q
q 0 0 0 rg BT 239.59 527.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 252.03 527.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 267.98 527.55 Td (Board ) Tj ET Q
q 0 0 0 rg BT 295.58 527.55 Td (include ) Tj ET Q
q 0 0 0 rg BT 328.44 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 335.04 527.55 Td (combination ) Tj ET Q
q 0 0 0 rg BT 389.48 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 400.17 527.55 Td (his ) Tj ET Q
q 0 0 0 rg BT 414.37 527.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 469.96 527.55 Td (skills ) Tj ET Q
q 0 0 0 rg BT 494.08 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 511.19 527.55 Td (professional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (experience. ) Tj ET Q
q 0 0 0 rg BT 99.85 514.95 Td (Mr) Tj ET Q
q 0 0 0 rg BT 112.10 514.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 116.98 514.95 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 154.24 514.95 Td (has ) Tj ET Q
q 0 0 0 rg BT 170.49 514.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 194.33 514.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 214.66 514.95 Td (30 ) Tj ET Q
q 0 0 0 rg BT 227.42 514.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 251.83 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 262.83 514.95 Td (industry ) Tj ET Q
q 0 0 0 rg BT 299.50 514.95 Td (experience, ) Tj ET Q
q 0 0 0 rg BT 349.85 514.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 391.77 514.95 Td (serving ) Tj ET Q
q 0 0 0 rg BT 424.94 514.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 435.94 514.95 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 461.52 514.95 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 505.76 514.95 Td (Of) Tj ET Q
q 0 0 0 rg BT 516.65 514.95 Td (ficer) Tj ET Q
q 0 0 0 rg BT 535.46 514.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 540.34 514.95 Td (Head ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.38 502.35 Td (Global ) Tj ET Q
q 0 0 0 rg BT 93.10 502.35 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 146.98 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 165.28 502.35 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 191.05 502.35 Td (Administrative ) Tj ET Q
q 0 0 0 rg BT 257.18 502.35 Td (Of) Tj ET Q
q 0 0 0 rg BT 268.07 502.35 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 290.44 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.32 502.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 327.03 502.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 358.75 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.04 502.35 Td (senior ) Tj ET Q
q 0 0 0 rg BT 405.84 502.35 Td (roles ) Tj ET Q
q 0 0 0 rg BT 429.39 502.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 440.10 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 447.90 502.35 Td (number ) Tj ET Q
q 0 0 0 rg BT 483.10 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.99 502.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 519.70 502.35 Td (firms. ) Tj ET Q
q 0 0 0 rg BT 547.62 502.35 Td (Mr) Tj ET Q
q 0 0 0 rg BT 559.88 502.35 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 87.13 489.75 Td (served ) Tj ET Q
q 0 0 0 rg BT 117.16 489.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 130.28 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.74 489.75 Td (board ) Tj ET Q
q 0 0 0 rg BT 172.27 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 183.64 489.75 Td (directors ) Tj ET Q
q 0 0 0 rg BT 223.00 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.37 489.75 Td (Stifel ) Tj ET Q
q 0 0 0 rg BT 259.75 489.75 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 301.45 489.75 Td (Corp. ) Tj ET Q
q 0 0 0 rg BT 327.70 489.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 350.73 489.75 Td (December ) Tj ET Q
q 0 0 0 rg BT 396.50 489.75 Td (2005 ) Tj ET Q
q 0 0 0 rg BT 420.12 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 430.91 489.75 Td (September ) Tj ET Q
q 0 0 0 rg BT 478.44 489.75 Td (2008.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 464.55 Td (CORPORA) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.80 464.55 Td (TE ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.43 464.55 Td (GOVERANCE) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 439.35 Td (Code ) Tj ET Q
q 0 0 0 rg BT 111.46 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 122.83 439.35 Td (Conduct) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 414.15 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 85.48 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.95 414.15 Td (recommendation ) Tj ET Q
q 0 0 0 rg BT 174.16 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 185.55 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 201.02 414.15 Td (Nominating ) Tj ET Q
q 0 0 0 rg BT 253.83 414.15 Td (& ) Tj ET Q
q 0 0 0 rg BT 264.64 414.15 Td (Corporate ) Tj ET Q
q 0 0 0 rg BT 309.28 414.15 Td (Governance ) Tj ET Q
q 0 0 0 rg BT 362.64 414.15 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 414.58 414.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 431.22 414.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 459.52 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 470.92 414.15 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 512.63 414.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 529.27 414.15 Td (adopted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 57.03 401.55 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 99.54 401.55 Td (Code ) Tj ET Q
q 0 0 0 rg BT 124.57 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 136.18 401.55 Td (Conduct ) Tj ET Q
q 0 0 0 rg BT 174.63 401.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 193.24 401.55 Td (applies ) Tj ET Q
q 0 0 0 rg BT 225.85 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 236.88 401.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 250.24 401.55 Td (directors, ) Tj ET Q
q 0 0 0 rg BT 292.47 401.55 Td (of) Tj ET Q
q 0 0 0 rg BT 301.03 401.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 327.21 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 345.24 401.55 Td (employees ) Tj ET Q
q 0 0 0 rg BT 393.01 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 404.62 401.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 429.06 401.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 460.51 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 478.54 401.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 491.33 401.55 Td (subsidiaries. ) Tj ET Q
q 0 0 0 rg BT 546.19 401.55 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (Code ) Tj ET Q
q 0 0 0 rg BT 74.29 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 85.66 388.95 Td (Conduct ) Tj ET Q
q 0 0 0 rg BT 123.87 388.95 Td (addresses ) Tj ET Q
q 0 0 0 rg BT 166.73 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 182.18 388.95 Td (following ) Tj ET Q
q 0 0 0 rg BT 225.64 388.95 Td (important ) Tj ET Q
q 0 0 0 rg BT 269.09 388.95 Td (topics, ) Tj ET Q
q 0 0 0 rg BT 299.42 388.95 Td (among ) Tj ET Q
q 0 0 0 rg BT 330.63 388.95 Td (others:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 363.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 363.75 Td (conflicts ) Tj ET Q
q 0 0 0 rg BT 134.28 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 145.65 363.75 Td (interest;) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 351.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 351.15 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 137.77 351.15 Td (opportunities;) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 338.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 338.55 Td (confidentiality ) Tj ET Q
q 0 0 0 rg BT 159.36 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 170.73 338.55 Td (information;) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 325.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 325.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 112.70 325.95 Td (dealing;) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 313.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 313.35 Td (protection ) Tj ET Q
q 0 0 0 rg BT 140.70 313.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 158.48 313.35 Td (proper ) Tj ET Q
q 0 0 0 rg BT 188.51 313.35 Td (use ) Tj ET Q
q 0 0 0 rg BT 205.13 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.50 313.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 240.70 313.35 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 272.20 313.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 278.92 313.35 Td (assets;) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 300.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 300.75 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 146.52 300.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 167.81 300.75 Td (laws, ) Tj ET Q
q 0 0 0 rg BT 192.31 300.75 Td (rules ) Tj ET Q
q 0 0 0 rg BT 215.35 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 233.13 300.75 Td (regulations ) Tj ET Q
q 0 0 0 rg BT 282.41 300.75 Td (\(including ) Tj ET Q
q 0 0 0 rg BT 328.20 300.75 Td (insider ) Tj ET Q
q 0 0 0 rg BT 359.40 300.75 Td (trading ) Tj ET Q
q 0 0 0 rg BT 391.77 300.75 Td (laws\);) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 288.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 113.29 288.15 Td (encouraging ) Tj ET Q
q 0 0 0 rg BT 167.81 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.26 288.15 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 224.37 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 235.75 288.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 253.53 288.15 Td (illegal ) Tj ET Q
q 0 0 0 rg BT 282.40 288.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 293.77 288.15 Td (unethical ) Tj ET Q
q 0 0 0 rg BT 334.88 288.15 Td (behavior) Tj ET Q
q 0 0 0 rg BT 371.03 288.15 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 262.95 Td (A) Tj ET Q
q 0 0 0 rg BT 92.50 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 95.63 262.95 Td (copy ) Tj ET Q
q 0 0 0 rg BT 119.17 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.05 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.01 262.95 Td (Code ) Tj ET Q
q 0 0 0 rg BT 172.30 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 184.18 262.95 Td (Conduct ) Tj ET Q
q 0 0 0 rg BT 222.89 262.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 233.02 262.95 Td (available ) Tj ET Q
q 0 0 0 rg BT 274.05 262.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 287.68 262.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 304.81 262.95 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 347.58 262.95 Td (website ) Tj ET Q
q 0 0 0 rg BT 382.78 262.95 Td (at ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 393.49 262.95 Td (www) Tj ET Q
q 0 0 0 rg BT 413.72 262.95 Td (.leggmason.com ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.09 262.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 512.13 262.95 Td (the ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 528.09 262.95 Td (�About-) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (Investor ) Tj ET Q
q 0 0 0 rg BT 86.02 250.35 Td (Relations-Governance-Corporate ) Tj ET Q
q 0 0 0 rg BT 229.86 250.35 Td (Governance� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 289.12 250.35 Td (section. ) Tj ET Q
q 0 0 0 rg BT 323.45 250.35 Td (W) Tj ET Q
q 0 0 0 rg BT 332.52 250.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 339.30 250.35 Td (intend ) Tj ET Q
q 0 0 0 rg BT 367.66 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 377.94 250.35 Td (satisfy ) Tj ET Q
q 0 0 0 rg BT 407.47 250.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 424.74 250.35 Td (disclosure ) Tj ET Q
q 0 0 0 rg BT 469.43 250.35 Td (requirement ) Tj ET Q
q 0 0 0 rg BT 522.27 250.35 Td (regarding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 67.29 237.75 Td (amendment ) Tj ET Q
q 0 0 0 rg BT 118.90 237.75 Td (to, ) Tj ET Q
q 0 0 0 rg BT 132.31 237.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 143.68 237.75 Td (waiver ) Tj ET Q
q 0 0 0 rg BT 174.88 237.75 Td (of, ) Tj ET Q
q 0 0 0 rg BT 188.87 237.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 205.50 237.75 Td (Code ) Tj ET Q
q 0 0 0 rg BT 230.28 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 241.66 237.75 Td (Conduct ) Tj ET Q
q 0 0 0 rg BT 279.86 237.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 292.99 237.75 Td (posting ) Tj ET Q
q 0 0 0 rg BT 326.53 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 341.99 237.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 394.19 237.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 407.31 237.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 423.93 237.75 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 466.20 237.75 Td (website.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 212.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 110.07 212.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 141.65 212.55 Td (maintains ) Tj ET Q
q 0 0 0 rg BT 185.47 212.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 198.38 212.55 Td (employee ) Tj ET Q
q 0 0 0 rg BT 242.19 212.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 283.68 212.55 Td (hotline ) Tj ET Q
q 0 0 0 rg BT 315.83 212.55 Td (where ) Tj ET Q
q 0 0 0 rg BT 344.48 212.55 Td (employees ) Tj ET Q
q 0 0 0 rg BT 392.38 212.55 Td (can ) Tj ET Q
q 0 0 0 rg BT 409.95 212.55 Td (anonymously ) Tj ET Q
q 0 0 0 rg BT 469.52 212.55 Td (submit ) Tj ET Q
q 0 0 0 rg BT 501.11 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 508.77 212.55 Td (complaint ) Tj ET Q
q 0 0 0 rg BT 553.75 212.55 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (concern ) Tj ET Q
q 0 0 0 rg BT 84.40 199.95 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 126.30 199.95 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 176.37 199.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 196.70 199.95 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 241.52 199.95 Td (laws, ) Tj ET Q
q 0 0 0 rg BT 265.06 199.95 Td (rules, ) Tj ET Q
q 0 0 0 rg BT 289.77 199.95 Td (regulations ) Tj ET Q
q 0 0 0 rg BT 338.09 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 348.51 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.01 199.95 Td (Code ) Tj ET Q
q 0 0 0 rg BT 386.84 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 397.26 199.95 Td (Conduct ) Tj ET Q
q 0 0 0 rg BT 434.51 199.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 444.93 199.95 Td (well ) Tj ET Q
q 0 0 0 rg BT 464.68 199.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 475.09 199.95 Td (accounting, ) Tj ET Q
q 0 0 0 rg BT 525.45 199.95 Td (auditing, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (ethical ) Tj ET Q
q 0 0 0 rg BT 80.11 187.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 91.48 187.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 115.68 187.35 Td (concerns.) Tj ET Q
BT /F2 10.50 Tf ET
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
1 J
1 j
3 M
85.5 160.50681152343748 m
163.35986328125 160.50681152343748 l
s
q 0 0 0 rg BT 85.50 162.15 Td (Audit ) Tj ET Q
q 0 0 0 rg BT 113.80 162.15 Td (Committee) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 136.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 103.87 136.95 Td (Audit Committee�) Tj ET Q
q 0 0 0 rg BT 179.99 136.95 Td (s responsibilities include assisting the Board with the oversight of our financial accounting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (and reporting to stockholders. Its duties include:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 99.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 99.15 Td (selecting ) Tj ET Q
q 0 0 0 rg BT 135.45 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 153.23 99.15 Td (compensating ) Tj ET Q
q 0 0 0 rg BT 214.18 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 229.63 99.15 Td (independent ) Tj ET Q
q 0 0 0 rg BT 283.57 99.15 Td (registered ) Tj ET Q
q 0 0 0 rg BT 327.59 99.15 Td (public ) Tj ET Q
q 0 0 0 rg BT 356.46 99.15 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 405.16 99.15 Td (firm ) Tj ET Q
q 0 0 0 rg BT 425.86 99.15 Td (\(�Independent ) Tj ET Q
q 0 0 0 rg BT 487.96 99.15 Td (Auditors�\);) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 86.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 86.55 Td (providing ) Tj ET Q
q 0 0 0 rg BT 139.35 86.55 Td (oversight ) Tj ET Q
q 0 0 0 rg BT 181.44 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 193.21 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.05 86.55 Td (work ) Tj ET Q
q 0 0 0 rg BT 233.65 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 245.41 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.25 86.55 Td (Independent ) Tj ET Q
q 0 0 0 rg BT 315.50 86.55 Td (Auditors ) Tj ET Q
q 0 0 0 rg BT 355.27 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 373.44 86.55 Td (reviewing ) Tj ET Q
q 0 0 0 rg BT 418.44 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 434.29 86.55 Td (scope ) Tj ET Q
q 0 0 0 rg BT 461.21 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 479.39 86.55 Td (results ) Tj ET Q
q 0 0 0 rg BT 509.82 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 521.58 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 537.43 86.55 Td (audits ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 73.95 Td (conducted ) Tj ET Q
q 0 0 0 rg BT 141.27 73.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 154.40 73.95 Td (them;) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 61.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 61.35 Td (ensuring ) Tj ET Q
q 0 0 0 rg BT 135.32 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 151.81 61.35 Td (regular ) Tj ET Q
q 0 0 0 rg BT 185.20 61.35 Td (rotation ) Tj ET Q
q 0 0 0 rg BT 221.51 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 233.92 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.40 61.35 Td (lead ) Tj ET Q
q 0 0 0 rg BT 271.55 61.35 Td (audit ) Tj ET Q
q 0 0 0 rg BT 296.21 61.35 Td (partner ) Tj ET Q
q 0 0 0 rg BT 329.60 61.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 348.41 61.35 Td (selecting, ) Tj ET Q
q 0 0 0 rg BT 392.02 61.35 Td (reviewing ) Tj ET Q
q 0 0 0 rg BT 437.66 61.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 456.48 61.35 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 503.87 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 520.36 61.35 Td (lead ) Tj ET Q
q 0 0 0 rg BT 541.51 61.35 Td (audit ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 48.75 Td (partner;) Tj ET Q
endstream
endobj
305 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 306 0 R>>
endobj
306 0 obj
<</Length 45607>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (150) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 741.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 741.75 Td (reviewing ) Tj ET Q
q 0 0 0 rg BT 140.11 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.56 741.75 Td (activities ) Tj ET Q
q 0 0 0 rg BT 196.09 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 213.88 741.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 269.56 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 280.93 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 297.55 741.75 Td (internal ) Tj ET Q
q 0 0 0 rg BT 332.24 741.75 Td (auditors;) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 729.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 729.15 Td (discussing ) Tj ET Q
q 0 0 0 rg BT 140.68 729.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 160.77 729.15 Td (Independent ) Tj ET Q
q 0 0 0 rg BT 213.77 729.15 Td (Auditors, ) Tj ET Q
q 0 0 0 rg BT 254.57 729.15 Td (internal ) Tj ET Q
q 0 0 0 rg BT 288.07 729.15 Td (auditors ) Tj ET Q
q 0 0 0 rg BT 323.32 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 339.90 729.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 394.97 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 409.22 729.15 Td (or) Tj ET Q
q 0 0 0 rg BT 417.78 729.15 Td (ganization ) Tj ET Q
q 0 0 0 rg BT 462.93 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 479.52 729.15 Td (scope ) Tj ET Q
q 0 0 0 rg BT 504.85 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.02 729.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 530.44 729.15 Td (internal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 716.55 Td (system ) Tj ET Q
q 0 0 0 rg BT 127.29 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 138.67 716.55 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 187.36 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 205.14 716.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 244.50 716.55 Td (controls; ) Tj ET Q
q 0 0 0 rg BT 283.87 716.55 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 84.50 703.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 703.95 Td (reviewing ) Tj ET Q
q 0 0 0 rg BT 139.99 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 157.65 703.95 Td (discussing ) Tj ET Q
q 0 0 0 rg BT 203.90 703.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 234.97 703.95 Td (matters ) Tj ET Q
q 0 0 0 rg BT 268.37 703.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 286.62 703.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 307.20 703.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 329.52 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 336.68 703.95 Td (material ) Tj ET Q
q 0 0 0 rg BT 373.58 703.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 404.65 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 417.66 703.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 434.15 703.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 473.38 703.95 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 522.83 703.95 Td (including ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 691.35 Td (litigation ) Tj ET Q
q 0 0 0 rg BT 136.04 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 153.83 691.35 Td (legal ) Tj ET Q
q 0 0 0 rg BT 176.86 691.35 Td (matters ) Tj ET Q
q 0 0 0 rg BT 210.39 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 228.17 691.35 Td (critical ) Tj ET Q
q 0 0 0 rg BT 259.95 691.35 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 308.64 691.35 Td (policies ) Tj ET Q
q 0 0 0 rg BT 343.93 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 361.71 691.35 Td (estimates.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 666.15 Td (Our ) Tj ET Q
q 0 0 0 rg BT 105.04 666.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 133.91 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 145.86 666.15 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 188.14 666.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 205.34 666.15 Td (determined ) Tj ET Q
q 0 0 0 rg BT 255.78 666.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 274.74 666.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 297.18 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 309.13 666.15 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 344.01 666.15 Td (Angelica, ) Tj ET Q
q 0 0 0 rg BT 387.74 666.15 Td (Davidson ) Tj ET Q
q 0 0 0 rg BT 431.20 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 449.57 666.15 Td (Huf) Tj ET Q
q 0 0 0 rg BT 465.71 666.15 Td (f ) Tj ET Q
q 0 0 0 rg BT 472.41 666.15 Td (qualifies ) Tj ET Q
q 0 0 0 rg BT 511.77 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 523.73 666.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 536.85 666.15 Td (�audit ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (committee ) Tj ET Q
q 0 0 0 rg BT 96.99 653.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 136.89 653.55 Td (expert� ) Tj ET Q
q 0 0 0 rg BT 170.95 653.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 182.87 653.55 Td (defined ) Tj ET Q
q 0 0 0 rg BT 217.52 653.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 231.19 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 247.19 653.55 Td (SEC. ) Tj ET Q
q 0 0 0 rg BT 272.24 653.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 291.73 653.55 Td (Board ) Tj ET Q
q 0 0 0 rg BT 320.56 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.48 653.55 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 374.72 653.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 391.88 653.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 411.96 653.55 Td (determined ) Tj ET Q
q 0 0 0 rg BT 462.36 653.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 481.28 653.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 494.94 653.55 Td (members ) Tj ET Q
q 0 0 0 rg BT 536.60 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.52 653.55 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (Audit ) Tj ET Q
q 0 0 0 rg BT 75.03 640.95 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 123.30 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 137.73 640.95 Td (�independent� ) Tj ET Q
q 0 0 0 rg BT 199.98 640.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 210.33 640.95 Td (defined ) Tj ET Q
q 0 0 0 rg BT 243.43 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 253.21 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.64 640.95 Td (NYSE ) Tj ET Q
q 0 0 0 rg BT 296.67 640.95 Td (listing ) Tj ET Q
q 0 0 0 rg BT 324.54 640.95 Td (standards ) Tj ET Q
q 0 0 0 rg BT 365.81 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 382.58 640.95 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 427.33 640.95 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 448.20 640.95 Td (rules. ) Tj ET Q
q 0 0 0 rg BT 472.73 640.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 490.31 640.95 Td (Audit ) Tj ET Q
q 0 0 0 rg BT 515.84 640.95 Td (Committee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (satisfies ) Tj ET Q
q 0 0 0 rg BT 85.31 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.12 628.35 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 156.92 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.65 628.35 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 188.89 628.35 Td (Rule ) Tj ET Q
q 0 0 0 rg BT 210.70 628.35 Td (10A-3 ) Tj ET Q
q 0 0 0 rg BT 239.52 628.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 265.41 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.22 628.35 Td (Securities ) Tj ET Q
q 0 0 0 rg BT 323.61 628.35 Td (Exchange ) Tj ET Q
q 0 0 0 rg BT 366.55 628.35 Td (Act ) Tj ET Q
q 0 0 0 rg BT 383.69 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 394.42 628.35 Td (1934, ) Tj ET Q
q 0 0 0 rg BT 420.03 628.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 430.76 628.35 Td (amended ) Tj ET Q
q 0 0 0 rg BT 470.64 628.35 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 488.95 628.35 Td (�Exchange ) Tj ET Q
q 0 0 0 rg BT 536.55 628.35 Td (Act�\). ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (Rule ) Tj ET Q
q 0 0 0 rg BT 71.87 615.75 Td (10A-3 ) Tj ET Q
q 0 0 0 rg BT 101.24 615.75 Td (establishes ) Tj ET Q
q 0 0 0 rg BT 149.27 615.75 Td (standards ) Tj ET Q
q 0 0 0 rg BT 191.47 615.75 Td (relating ) Tj ET Q
q 0 0 0 rg BT 226.08 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 236.79 615.75 Td (audit ) Tj ET Q
q 0 0 0 rg BT 260.32 615.75 Td (committees ) Tj ET Q
q 0 0 0 rg BT 311.26 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 321.97 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 337.34 615.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 380.71 615.75 Td (areas: ) Tj ET Q
q 0 0 0 rg BT 407.73 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 423.10 615.75 Td (independence ) Tj ET Q
q 0 0 0 rg BT 483.36 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.64 615.75 Td (audit ) Tj ET Q
q 0 0 0 rg BT 518.18 615.75 Td (committee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (members; ) Tj ET Q
q 0 0 0 rg BT 94.43 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 110.79 603.15 Td (audit ) Tj ET Q
q 0 0 0 rg BT 135.31 603.15 Td (committee�) Tj ET Q
q 0 0 0 rg BT 182.55 603.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 190.16 603.15 Td (responsibility ) Tj ET Q
q 0 0 0 rg BT 250.86 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 262.55 603.15 Td (select ) Tj ET Q
q 0 0 0 rg BT 289.98 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 308.67 603.15 Td (oversee ) Tj ET Q
q 0 0 0 rg BT 344.26 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 360.62 603.15 Td (company�) Tj ET Q
q 0 0 0 rg BT 402.03 603.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 409.64 603.15 Td (independent ) Tj ET Q
q 0 0 0 rg BT 464.48 603.15 Td (auditor; ) Tj ET Q
q 0 0 0 rg BT 500.67 603.15 Td (procedures ) Tj ET Q
q 0 0 0 rg BT 550.26 603.15 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (handling ) Tj ET Q
q 0 0 0 rg BT 88.37 590.55 Td (complaints ) Tj ET Q
q 0 0 0 rg BT 136.58 590.55 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 178.93 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.89 590.55 Td (company�) Tj ET Q
q 0 0 0 rg BT 235.30 590.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 241.51 590.55 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 289.70 590.55 Td (practices; ) Tj ET Q
q 0 0 0 rg BT 332.06 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.01 590.55 Td (authority ) Tj ET Q
q 0 0 0 rg BT 387.05 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 397.92 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 412.87 590.55 Td (audit ) Tj ET Q
q 0 0 0 rg BT 436.00 590.55 Td (committee ) Tj ET Q
q 0 0 0 rg BT 482.44 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 492.74 590.55 Td (engage ) Tj ET Q
q 0 0 0 rg BT 524.59 590.55 Td (advisors; ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 577.95 Td (funding ) Tj ET Q
q 0 0 0 rg BT 102.57 577.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 117.44 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.90 577.95 Td (independent ) Tj ET Q
q 0 0 0 rg BT 186.84 577.95 Td (auditor ) Tj ET Q
q 0 0 0 rg BT 219.21 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 236.99 577.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 254.78 577.95 Td (outside ) Tj ET Q
q 0 0 0 rg BT 287.73 577.95 Td (advisors ) Tj ET Q
q 0 0 0 rg BT 325.36 577.95 Td (engaged ) Tj ET Q
q 0 0 0 rg BT 362.96 577.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 376.09 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.54 577.95 Td (audit ) Tj ET Q
q 0 0 0 rg BT 415.16 577.95 Td (committee.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (Relationship ) Tj ET Q
q 0 0 0 rg BT 108.72 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 120.10 552.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 187.48 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 207.04 552.75 Td (Risk) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 527.55 Td (W) Tj ET Q
q 0 0 0 rg BT 94.57 527.55 Td (e ) Tj ET Q
q 0 0 0 rg BT 102.14 527.55 Td (conduct ) Tj ET Q
q 0 0 0 rg BT 138.29 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.03 527.55 Td (majority ) Tj ET Q
q 0 0 0 rg BT 192.52 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 204.17 527.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 221.08 527.55 Td (business ) Tj ET Q
q 0 0 0 rg BT 259.58 527.55 Td (through ) Tj ET Q
q 0 0 0 rg BT 295.15 527.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 312.06 527.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 335.38 527.55 Td (managers ) Tj ET Q
q 0 0 0 rg BT 378.53 527.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 407.10 527.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 422.83 527.55 Td (individual ) Tj ET Q
q 0 0 0 rg BT 468.32 527.55 Td (businesses. ) Tj ET Q
q 0 0 0 rg BT 518.19 527.55 Td (Each ) Tj ET Q
q 0 0 0 rg BT 542.08 527.55 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (manager ) Tj ET Q
q 0 0 0 rg BT 87.85 514.95 Td (generally ) Tj ET Q
q 0 0 0 rg BT 129.11 514.95 Td (focuses ) Tj ET Q
q 0 0 0 rg BT 162.80 514.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 175.50 514.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 182.36 514.95 Td (portion ) Tj ET Q
q 0 0 0 rg BT 214.90 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.84 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 240.87 514.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 263.48 514.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 319.33 514.95 Td (industry ) Tj ET Q
q 0 0 0 rg BT 355.95 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 366.32 514.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 391.85 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.79 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.82 514.95 Td (types ) Tj ET Q
q 0 0 0 rg BT 442.19 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.14 514.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 479.83 514.95 Td (managed ) Tj ET Q
q 0 0 0 rg BT 519.93 514.95 Td (\(primarily ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (alternatives, ) Tj ET Q
q 0 0 0 rg BT 102.20 502.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 130.13 502.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 140.55 502.35 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 163.81 502.35 Td (income\), ) Tj ET Q
q 0 0 0 rg BT 202.52 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 217.02 502.35 Td (types ) Tj ET Q
q 0 0 0 rg BT 240.87 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 251.30 502.35 Td (products ) Tj ET Q
q 0 0 0 rg BT 289.14 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 305.98 502.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 341.48 502.35 Td (of) Tj ET Q
q 0 0 0 rg BT 350.03 502.35 Td (fered, ) Tj ET Q
q 0 0 0 rg BT 375.90 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.41 502.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 438.17 502.35 Td (styles ) Tj ET Q
q 0 0 0 rg BT 463.77 502.35 Td (utilized, ) Tj ET Q
q 0 0 0 rg BT 499.56 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.07 502.35 Td (distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (channels ) Tj ET Q
q 0 0 0 rg BT 89.63 489.75 Td (used, ) Tj ET Q
q 0 0 0 rg BT 114.89 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 133.45 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.67 489.75 Td (types ) Tj ET Q
q 0 0 0 rg BT 175.22 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 193.78 489.75 Td (geographic ) Tj ET Q
q 0 0 0 rg BT 243.82 489.75 Td (locations ) Tj ET Q
q 0 0 0 rg BT 285.12 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 297.26 489.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 310.57 489.75 Td (clients. ) Tj ET Q
q 0 0 0 rg BT 344.00 489.75 Td (Each ) Tj ET Q
q 0 0 0 rg BT 368.38 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 380.52 489.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 397.91 489.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 445.62 489.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 469.43 489.75 Td (managers ) Tj ET Q
q 0 0 0 rg BT 513.05 489.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 523.45 489.75 Td (generally ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (operated ) Tj ET Q
q 0 0 0 rg BT 88.08 477.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 99.27 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 106.36 477.15 Td (separate ) Tj ET Q
q 0 0 0 rg BT 143.19 477.15 Td (entity ) Tj ET Q
q 0 0 0 rg BT 169.54 477.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 187.72 477.15 Td (typically ) Tj ET Q
q 0 0 0 rg BT 226.90 477.15 Td (markets ) Tj ET Q
q 0 0 0 rg BT 262.58 477.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 274.94 477.15 Td (products ) Tj ET Q
q 0 0 0 rg BT 313.53 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 331.13 477.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 367.39 477.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 393.73 477.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 406.09 477.15 Td (own ) Tj ET Q
q 0 0 0 rg BT 426.61 477.15 Td (brand ) Tj ET Q
q 0 0 0 rg BT 452.95 477.15 Td (name. ) Tj ET Q
q 0 0 0 rg BT 480.75 477.15 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 514.09 477.15 Td (distribution ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (functions ) Tj ET Q
q 0 0 0 rg BT 91.74 464.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 107.71 464.55 Td (often ) Tj ET Q
q 0 0 0 rg BT 132.45 464.55 Td (provided ) Tj ET Q
q 0 0 0 rg BT 172.93 464.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 186.59 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.57 464.55 Td (parent ) Tj ET Q
q 0 0 0 rg BT 231.97 464.55 Td (company ) Tj ET Q
q 0 0 0 rg BT 273.61 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 291.93 464.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 316.67 464.55 Td (af) Tj ET Q
q 0 0 0 rg BT 324.63 464.55 Td (filiates. ) Tj ET Q
q 0 0 0 rg BT 358.99 464.55 Td (Consistent ) Tj ET Q
q 0 0 0 rg BT 406.49 464.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 428.31 464.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 446.64 464.55 Td (approach, ) Tj ET Q
q 0 0 0 rg BT 490.91 464.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 506.31 464.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 529.29 464.55 Td (revenue ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 82.67 451.95 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 141.48 451.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 151.91 451.95 Td (place ) Tj ET Q
q 0 0 0 rg BT 176.32 451.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 197.24 451.95 Td (four ) Tj ET Q
q 0 0 0 rg BT 217.00 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.00 451.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 244.26 451.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 266.93 451.95 Td (managers ) Tj ET Q
q 0 0 0 rg BT 309.42 451.95 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 338.50 451.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 369.32 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 380.33 451.95 Td (their ) Tj ET Q
q 0 0 0 rg BT 401.83 451.95 Td (key ) Tj ET Q
q 0 0 0 rg BT 419.25 451.95 Td (of) Tj ET Q
q 0 0 0 rg BT 427.80 451.95 Td (ficers. ) Tj ET Q
q 0 0 0 rg BT 456.00 451.95 Td (Pursuant ) Tj ET Q
q 0 0 0 rg BT 495.01 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 505.44 451.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 529.27 451.95 Td (revenue ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 82.22 439.35 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 143.21 439.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 149.68 439.35 Td (specified ) Tj ET Q
q 0 0 0 rg BT 189.38 439.35 Td (percentage ) Tj ET Q
q 0 0 0 rg BT 236.66 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 247.21 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.85 439.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 284.06 439.35 Td (manager) Tj ET Q
q 0 0 0 rg BT 320.60 439.35 Td (�) Tj ET Q
q 0 0 0 rg BT 323.52 439.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 329.41 439.35 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 371.16 439.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 385.79 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 396.35 439.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 426.72 439.35 Td (third ) Tj ET Q
q 0 0 0 rg BT 448.36 439.35 Td (party ) Tj ET Q
q 0 0 0 rg BT 471.74 439.35 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 521.97 439.35 Td (expenses, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 60.00 426.75 Td (required ) Tj ET Q
q 0 0 0 rg BT 98.47 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 110.13 426.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 123.53 426.75 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 171.94 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 183.60 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.92 426.75 Td (parent ) Tj ET Q
q 0 0 0 rg BT 229.65 426.75 Td (company ) Tj ET Q
q 0 0 0 rg BT 271.63 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 290.28 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 306.61 426.75 Td (balance ) Tj ET Q
q 0 0 0 rg BT 342.16 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.40 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 370.72 426.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 411.53 426.75 Td (\(or ) Tj ET Q
q 0 0 0 rg BT 427.26 426.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 443.58 426.75 Td (revenues\) ) Tj ET Q
q 0 0 0 rg BT 487.89 426.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 498.38 426.75 Td (retained ) Tj ET Q
q 0 0 0 rg BT 535.69 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 547.35 426.75 Td (pay ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 90.54 414.15 Td (expenses, ) Tj ET Q
q 0 0 0 rg BT 132.46 414.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 173.51 414.15 Td (salaries ) Tj ET Q
q 0 0 0 rg BT 206.38 414.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 222.93 414.15 Td (bonuses, ) Tj ET Q
q 0 0 0 rg BT 260.78 414.15 Td (but ) Tj ET Q
q 0 0 0 rg BT 275.59 414.15 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 318.38 414.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 348.33 414.15 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 387.63 414.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 408.26 414.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 418.40 414.15 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 472.85 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 482.98 414.15 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 520.52 414.15 Td (intangible ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 76.57 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 94.29 401.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 127.77 401.55 Td (taxes. ) Tj ET Q
q 0 0 0 rg BT 154.53 401.55 Td (Specific ) Tj ET Q
q 0 0 0 rg BT 191.51 401.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 252.39 401.55 Td (allocations ) Tj ET Q
q 0 0 0 rg BT 300.45 401.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 315.83 401.55 Td (determined ) Tj ET Q
q 0 0 0 rg BT 365.63 401.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 378.70 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 394.10 401.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 417.07 401.55 Td (manager) Tj ET Q
q 0 0 0 rg BT 453.61 401.55 Td (�) Tj ET Q
q 0 0 0 rg BT 456.53 401.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 463.18 401.55 Td (management, ) Tj ET Q
q 0 0 0 rg BT 522.02 401.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 554.33 401.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 92.51 388.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 149.53 388.95 Td (approval ) Tj ET Q
q 0 0 0 rg BT 189.63 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 201.17 388.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 233.10 388.95 Td (cases. ) Tj ET Q
q 0 0 0 rg BT 261.25 388.95 Td (Our ) Tj ET Q
q 0 0 0 rg BT 280.95 388.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 304.73 388.95 Td (managers ) Tj ET Q
q 0 0 0 rg BT 348.33 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 366.86 388.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 391.81 388.95 Td (business ) Tj ET Q
q 0 0 0 rg BT 430.77 388.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 454.56 388.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 473.67 388.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 487.54 388.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 504.33 388.95 Td (operate ) Tj ET Q
q 0 0 0 rg BT 538.59 388.95 Td (under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 86.46 376.35 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 121.11 376.35 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 181.40 376.35 Td (utilize ) Tj ET Q
q 0 0 0 rg BT 211.38 376.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 219.77 376.35 Td (variety ) Tj ET Q
q 0 0 0 rg BT 252.66 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 265.14 376.35 Td (discretionary ) Tj ET Q
q 0 0 0 rg BT 323.69 376.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 336.17 376.35 Td (formulaic ) Tj ET Q
q 0 0 0 rg BT 380.72 376.35 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 422.94 376.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 485.00 376.35 Td (determinations. ) Tj ET Q
q 0 0 0 rg BT 553.76 376.35 Td (In ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 88.98 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.25 363.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 160.34 363.75 Td (teams ) Tj ET Q
q 0 0 0 rg BT 187.28 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 198.46 363.75 Td (three ) Tj ET Q
q 0 0 0 rg BT 221.89 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 233.08 363.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 249.52 363.75 Td (af) Tj ET Q
q 0 0 0 rg BT 257.49 363.75 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 288.51 363.75 Td (hold ) Tj ET Q
q 0 0 0 rg BT 309.62 363.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 356.38 363.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 385.07 363.75 Td (interests ) Tj ET Q
q 0 0 0 rg BT 422.51 363.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 433.12 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.39 363.75 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 493.98 363.75 Td (company) Tj ET Q
q 0 0 0 rg BT 531.79 363.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 536.85 363.75 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (helps ) Tj ET Q
q 0 0 0 rg BT 74.00 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 84.50 351.15 Td (align ) Tj ET Q
q 0 0 0 rg BT 107.83 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.99 351.15 Td (interests ) Tj ET Q
q 0 0 0 rg BT 160.31 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 171.39 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.55 351.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 242.53 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 253.61 351.15 Td (those ) Tj ET Q
q 0 0 0 rg BT 278.11 351.15 Td (three ) Tj ET Q
q 0 0 0 rg BT 301.43 351.15 Td (af) Tj ET Q
q 0 0 0 rg BT 309.40 351.15 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 340.30 351.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 361.30 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 376.47 351.15 Td (interests ) Tj ET Q
q 0 0 0 rg BT 413.79 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 424.87 351.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 441.20 351.15 Td (stockholders. ) Tj ET Q
q 0 0 0 rg BT 499.23 351.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 510.31 351.15 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 549.69 351.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 72.90 338.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 129.54 338.55 Td (industry ) Tj ET Q
q 0 0 0 rg BT 166.95 338.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 178.10 338.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 206.75 338.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 221.99 338.55 Td (operate ) Tj ET Q
q 0 0 0 rg BT 255.87 338.55 Td (tends ) Tj ET Q
q 0 0 0 rg BT 281.03 338.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 292.19 338.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 305.09 338.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 312.74 338.55 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 357.14 338.55 Td (business, ) Tj ET Q
q 0 0 0 rg BT 398.34 338.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 410.08 338.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 459.14 338.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 515.18 338.55 Td (over ) Tj ET Q
q 0 0 0 rg BT 536.83 338.55 Td (multi-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 69.55 325.95 Td (periods ) Tj ET Q
q 0 0 0 rg BT 102.44 325.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 111.42 325.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 118.07 325.95 Td (critical ) Tj ET Q
q 0 0 0 rg BT 149.19 325.95 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 200.74 325.95 Td (element ) Tj ET Q
q 0 0 0 rg BT 235.96 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.69 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.49 325.95 Td (business. ) Tj ET Q
q 0 0 0 rg BT 301.25 325.95 Td (Also, ) Tj ET Q
q 0 0 0 rg BT 325.69 325.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 336.42 325.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 345.40 325.95 Td (typical ) Tj ET Q
q 0 0 0 rg BT 375.96 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 386.11 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.92 325.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 423.31 325.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 478.93 325.95 Td (business, ) Tj ET Q
q 0 0 0 rg BT 519.13 325.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 536.27 325.95 Td (unlike ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 73.72 313.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 113.10 313.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 149.57 313.35 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 199.75 313.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 214.64 313.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 230.11 313.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 246.18 313.35 Td (exposed ) Tj ET Q
q 0 0 0 rg BT 283.23 313.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 294.05 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 309.53 313.35 Td (short-term ) Tj ET Q
q 0 0 0 rg BT 355.92 313.35 Td (risks ) Tj ET Q
q 0 0 0 rg BT 378.40 313.35 Td (arising ) Tj ET Q
q 0 0 0 rg BT 409.63 313.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 432.69 313.35 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 481.99 313.35 Td (trading ) Tj ET Q
q 0 0 0 rg BT 514.38 313.35 Td (because ) Tj ET Q
q 0 0 0 rg BT 550.26 313.35 Td (we ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (do ) Tj ET Q
q 0 0 0 rg BT 62.63 300.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 78.67 300.75 Td (engage ) Tj ET Q
q 0 0 0 rg BT 111.02 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 121.82 300.75 Td (proprietary ) Tj ET Q
q 0 0 0 rg BT 171.09 300.75 Td (trading.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 275.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 105.84 275.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 150.07 275.55 Td (of) Tj ET Q
q 0 0 0 rg BT 158.63 275.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 181.88 275.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 244.21 275.55 Td (program ) Tj ET Q
q 0 0 0 rg BT 283.79 275.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 294.80 275.55 Td (structured ) Tj ET Q
q 0 0 0 rg BT 340.80 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 352.98 275.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 361.65 275.55 Td (manner ) Tj ET Q
q 0 0 0 rg BT 397.15 275.55 Td (intended ) Tj ET Q
q 0 0 0 rg BT 437.32 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 449.50 275.55 Td (mitigate ) Tj ET Q
q 0 0 0 rg BT 487.92 275.55 Td (against ) Tj ET Q
q 0 0 0 rg BT 521.67 275.55 Td (providing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (incentives ) Tj ET Q
q 0 0 0 rg BT 93.81 262.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 107.78 262.95 Td (inappropriate ) Tj ET Q
q 0 0 0 rg BT 165.50 262.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 182.98 262.95 Td (taking. ) Tj ET Q
q 0 0 0 rg BT 213.46 262.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 231.52 262.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 273.49 262.95 Td (of) Tj ET Q
q 0 0 0 rg BT 282.04 262.95 Td (ficers�) Tj ET Q
q 0 0 0 rg BT 308.08 262.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 309.82 262.95 Td (salaries ) Tj ET Q
q 0 0 0 rg BT 343.04 262.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 357.59 262.95 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 380.90 262.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 390.80 262.95 Td (amount. ) Tj ET Q
q 0 0 0 rg BT 426.66 262.95 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 467.46 262.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 527.51 262.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 536.25 262.95 Td (linked ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.96 250.35 Td (overall ) Tj ET Q
q 0 0 0 rg BT 91.41 250.35 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 133.35 250.35 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 191.32 250.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 208.20 250.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 233.23 250.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 253.59 250.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 279.51 250.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 286.47 250.35 Td (substantial ) Tj ET Q
q 0 0 0 rg BT 333.68 250.35 Td (portion ) Tj ET Q
q 0 0 0 rg BT 366.30 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.34 250.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 437.96 250.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 447.26 250.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 457.72 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.84 250.35 Td (form ) Tj ET Q
q 0 0 0 rg BT 495.55 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 506.59 250.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 543.85 250.35 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 67.93 237.75 Td (awards ) Tj ET Q
q 0 0 0 rg BT 99.76 237.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 117.01 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 127.27 237.75 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 176.02 237.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 202.02 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 216.95 237.75 Td (Mer) Tj ET Q
q 0 0 0 rg BT 234.25 237.75 Td (ger ) Tj ET Q
q 0 0 0 rg BT 249.29 237.75 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 298.03 237.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 310.62 237.75 Td (issuing ) Tj ET Q
q 0 0 0 rg BT 342.47 237.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 370.81 237.75 Td (awards. ) Tj ET Q
q 0 0 0 rg BT 405.12 237.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 423.53 237.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 460.60 237.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 481.35 237.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 499.78 237.75 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 534.23 237.75 Td (which, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.53 225.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 91.37 225.15 Td (described ) Tj ET Q
q 0 0 0 rg BT 133.88 225.15 Td (below ) Tj ET Q
q 0 0 0 rg BT 161.82 225.15 Td (after ) Tj ET Q
q 0 0 0 rg BT 183.33 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 198.44 225.15 Td (Summary ) Tj ET Q
q 0 0 0 rg BT 241.55 225.15 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 304.33 225.15 Td (T) Tj ET Q
q 0 0 0 rg BT 310.01 225.15 Td (able, ) Tj ET Q
q 0 0 0 rg BT 332.40 225.15 Td (vest ) Tj ET Q
q 0 0 0 rg BT 351.60 225.15 Td (ratably ) Tj ET Q
q 0 0 0 rg BT 383.03 225.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 403.96 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 410.90 225.15 Td (four ) Tj ET Q
q 0 0 0 rg BT 430.68 225.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 451.02 225.15 Td (period, ) Tj ET Q
q 0 0 0 rg BT 482.75 225.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 497.85 225.15 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 547.33 225.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 70.48 212.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 94.38 212.55 Td (completion ) Tj ET Q
q 0 0 0 rg BT 144.52 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.16 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.89 212.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 189.20 212.55 Td (ger) Tj ET Q
q 0 0 0 rg BT 202.18 212.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 207.71 212.55 Td (aligning ) Tj ET Q
q 0 0 0 rg BT 245.02 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 260.75 212.55 Td (executives�) Tj ET Q
q 0 0 0 rg BT 307.78 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 310.68 212.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 348.57 212.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 370.14 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 385.86 212.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 423.76 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 435.40 212.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 459.88 212.55 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 491.38 212.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 498.36 212.55 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 554.34 212.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (complete ) Tj ET Q
q 0 0 0 rg BT 91.00 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.83 199.95 Td (transaction. ) Tj ET Q
q 0 0 0 rg BT 158.32 199.95 Td (These ) Tj ET Q
q 0 0 0 rg BT 186.40 199.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 219.15 199.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 232.66 199.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 249.09 199.95 Td (encourage ) Tj ET Q
q 0 0 0 rg BT 295.24 199.95 Td (excessive ) Tj ET Q
q 0 0 0 rg BT 338.48 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 350.24 199.95 Td (inappropriate ) Tj ET Q
q 0 0 0 rg BT 409.23 199.95 Td (risk ) Tj ET Q
q 0 0 0 rg BT 427.99 199.95 Td (taking ) Tj ET Q
q 0 0 0 rg BT 457.25 199.95 Td (given ) Tj ET Q
q 0 0 0 rg BT 483.58 199.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 502.34 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 518.18 199.95 Td (executives ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 72.20 187.35 Td (significant ) Tj ET Q
q 0 0 0 rg BT 119.41 187.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 145.03 187.35 Td (tied ) Tj ET Q
q 0 0 0 rg BT 163.66 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 174.70 187.35 Td (completing ) Tj ET Q
q 0 0 0 rg BT 224.83 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 240.54 187.35 Td (Mer) Tj ET Q
q 0 0 0 rg BT 257.84 187.35 Td (ger ) Tj ET Q
q 0 0 0 rg BT 274.13 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.17 187.35 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 333.54 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 344.59 187.35 Td (manage ) Tj ET Q
q 0 0 0 rg BT 380.12 187.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 404.57 187.35 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 436.07 187.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 443.04 187.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 481.51 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 492.56 187.35 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 543.83 187.35 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (covenants ) Tj ET Q
q 0 0 0 rg BT 94.35 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 105.38 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 121.07 174.75 Td (Mer) Tj ET Q
q 0 0 0 rg BT 138.38 174.75 Td (ger ) Tj ET Q
q 0 0 0 rg BT 154.01 174.75 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 203.52 174.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 222.13 174.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 237.81 174.75 Td (intended ) Tj ET Q
q 0 0 0 rg BT 276.83 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 287.86 174.75 Td (limit ) Tj ET Q
q 0 0 0 rg BT 310.57 174.75 Td (risk ) Tj ET Q
q 0 0 0 rg BT 329.18 174.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 352.45 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 363.48 174.75 Td (completion ) Tj ET Q
q 0 0 0 rg BT 413.59 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 425.20 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.89 174.75 Td (transaction. ) Tj ET Q
q 0 0 0 rg BT 492.45 174.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 495.31 174.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 506.92 174.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 530.19 174.75 Td (years, ) Tj ET Q
q 0 0 0 rg BT 557.83 174.75 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (substantial ) Tj ET Q
q 0 0 0 rg BT 96.61 162.15 Td (portion ) Tj ET Q
q 0 0 0 rg BT 129.13 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.08 162.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 200.59 162.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 219.11 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 229.48 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 244.50 162.15 Td (form ) Tj ET Q
q 0 0 0 rg BT 267.10 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 278.04 162.15 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 321.65 162.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 350.09 162.15 Td (awards ) Tj ET Q
q 0 0 0 rg BT 382.02 162.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 399.96 162.15 Td (aligned ) Tj ET Q
q 0 0 0 rg BT 433.06 162.15 Td (executives�) Tj ET Q
q 0 0 0 rg BT 480.09 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 482.28 162.15 Td (interests ) Tj ET Q
q 0 0 0 rg BT 519.47 162.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 540.33 162.15 Td (those ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.61 149.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 84.55 149.55 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 116.05 149.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 122.50 149.55 Td (stockholders, ) Tj ET Q
q 0 0 0 rg BT 180.57 149.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 187.59 149.55 Td (substantial ) Tj ET Q
q 0 0 0 rg BT 234.87 149.55 Td (portion ) Tj ET Q
q 0 0 0 rg BT 267.57 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 278.68 149.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 306.71 149.55 Td (remain ) Tj ET Q
q 0 0 0 rg BT 338.22 149.55 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 389.59 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 407.11 149.55 Td (unvested. ) Tj ET Q
q 0 0 0 rg BT 449.26 149.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 467.95 149.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 493.05 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 504.16 149.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 532.77 149.55 Td (awards ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (issued ) Tj ET Q
q 0 0 0 rg BT 78.20 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 88.82 136.95 Td (prior ) Tj ET Q
q 0 0 0 rg BT 111.68 136.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 136.29 136.95 Td (lar) Tj ET Q
q 0 0 0 rg BT 147.17 136.95 Td (gely ) Tj ET Q
q 0 0 0 rg BT 167.70 136.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 177.15 136.95 Td (tied ) Tj ET Q
q 0 0 0 rg BT 195.35 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 205.97 136.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 229.99 136.95 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 261.50 136.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 268.03 136.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 292.65 136.95 Td (price. ) Tj ET Q
q 0 0 0 rg BT 318.53 136.95 Td (These ) Tj ET Q
q 0 0 0 rg BT 346.05 136.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 378.24 136.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 391.19 136.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 407.06 136.95 Td (encourage ) Tj ET Q
q 0 0 0 rg BT 452.65 136.95 Td (excessive ) Tj ET Q
q 0 0 0 rg BT 495.33 136.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 506.53 136.95 Td (inappropriate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (risk ) Tj ET Q
q 0 0 0 rg BT 67.93 124.35 Td (taking ) Tj ET Q
q 0 0 0 rg BT 96.85 124.35 Td (given ) Tj ET Q
q 0 0 0 rg BT 122.86 124.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 141.28 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 156.79 124.35 Td (awards ) Tj ET Q
q 0 0 0 rg BT 189.21 124.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 204.70 124.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 237.13 124.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 247.97 124.35 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 292.06 124.35 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 325.07 124.35 Td (schedules ) Tj ET Q
q 0 0 0 rg BT 368.57 124.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 379.41 124.35 Td (help ) Tj ET Q
q 0 0 0 rg BT 400.17 124.35 Td (ensure ) Tj ET Q
q 0 0 0 rg BT 430.25 124.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 448.68 124.35 Td (executives ) Tj ET Q
q 0 0 0 rg BT 495.67 124.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 518.17 124.35 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.13 111.75 Td (tied ) Tj ET Q
q 0 0 0 rg BT 91.77 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 101.83 111.75 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 145.13 111.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 169.19 111.75 Td (price ) Tj ET Q
q 0 0 0 rg BT 192.07 111.75 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 249.63 111.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 251.39 111.75 Td (W) Tj ET Q
q 0 0 0 rg BT 260.46 111.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 267.01 111.75 Td (believe ) Tj ET Q
q 0 0 0 rg BT 299.22 111.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 315.11 111.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 355.49 111.75 Td (award ) Tj ET Q
q 0 0 0 rg BT 383.04 111.75 Td (program, ) Tj ET Q
q 0 0 0 rg BT 423.12 111.75 Td (coupled ) Tj ET Q
q 0 0 0 rg BT 458.26 111.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 478.82 111.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 494.71 111.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 518.76 111.75 Td (ownership ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (guidelines ) Tj ET Q
q 0 0 0 rg BT 96.04 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 114.59 99.15 Td (anti-hedging ) Tj ET Q
q 0 0 0 rg BT 171.04 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 189.59 99.15 Td (pledging ) Tj ET Q
q 0 0 0 rg BT 229.72 99.15 Td (policies ) Tj ET Q
q 0 0 0 rg BT 265.76 99.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 281.39 99.15 Td (executives, ) Tj ET Q
q 0 0 0 rg BT 331.71 99.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 354.92 99.15 Td (created ) Tj ET Q
q 0 0 0 rg BT 388.61 99.15 Td (important ) Tj ET Q
q 0 0 0 rg BT 432.82 99.15 Td (linkages ) Tj ET Q
q 0 0 0 rg BT 471.19 99.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 509.56 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.77 99.15 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (interests ) Tj ET Q
q 0 0 0 rg BT 88.24 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 100.74 86.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 118.48 86.55 Td (executives ) Tj ET Q
q 0 0 0 rg BT 166.55 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 185.46 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.03 86.55 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 247.19 86.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 303.99 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 316.48 86.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 341.81 86.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 374.14 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 393.05 86.55 Td (help ) Tj ET Q
q 0 0 0 rg BT 414.88 86.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 426.79 86.55 Td (protect ) Tj ET Q
q 0 0 0 rg BT 459.69 86.55 Td (against ) Tj ET Q
q 0 0 0 rg BT 493.19 86.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 512.10 86.55 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 554.33 86.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (disregard ) Tj ET Q
q 0 0 0 rg BT 93.97 73.95 Td (risks ) Tj ET Q
q 0 0 0 rg BT 119.20 73.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 132.77 73.95 Td (return ) Tj ET Q
q 0 0 0 rg BT 163.24 73.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 180.88 73.95 Td (potential ) Tj ET Q
q 0 0 0 rg BT 223.02 73.95 Td (short-term ) Tj ET Q
q 0 0 0 rg BT 272.16 73.95 Td (gains. ) Tj ET Q
q 0 0 0 rg BT 302.35 73.95 Td (Moreover) Tj ET Q
q 0 0 0 rg BT 343.33 73.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 351.36 73.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.58 73.95 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 435.65 73.95 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 487.71 73.95 Td (considers ) Tj ET Q
q 0 0 0 rg BT 532.77 73.95 Td (several ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 104.23 61.35 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 136.82 61.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 146.67 61.35 Td (establishing ) Tj ET Q
q 0 0 0 rg BT 198.51 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.02 61.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 254.93 61.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 314.94 61.35 Td (program ) Tj ET Q
q 0 0 0 rg BT 352.19 61.35 Td (each ) Tj ET Q
q 0 0 0 rg BT 373.10 61.35 Td (year) Tj ET Q
q 0 0 0 rg BT 390.75 61.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 395.06 61.35 Td (so ) Tj ET Q
q 0 0 0 rg BT 406.07 61.35 Td (no ) Tj ET Q
q 0 0 0 rg BT 418.26 61.35 Td (one ) Tj ET Q
q 0 0 0 rg BT 435.10 61.35 Td (metric ) Tj ET Q
q 0 0 0 rg BT 463.60 61.35 Td (creates ) Tj ET Q
q 0 0 0 rg BT 494.43 61.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 506.02 61.35 Td (undue ) Tj ET Q
q 0 0 0 rg BT 533.36 61.35 Td (reward ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 66.98 48.75 Td (might ) Tj ET Q
q 0 0 0 rg BT 93.22 48.75 Td (encourage ) Tj ET Q
q 0 0 0 rg BT 138.10 48.75 Td (excessive ) Tj ET Q
q 0 0 0 rg BT 180.07 48.75 Td (risk ) Tj ET Q
q 0 0 0 rg BT 197.55 48.75 Td (taking. ) Tj ET Q
q 0 0 0 rg BT 228.16 48.75 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 268.97 48.75 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 301.62 48.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 316.17 48.75 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 356.40 48.75 Td (60%, ) Tj ET Q
q 0 0 0 rg BT 380.01 48.75 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 419.06 48.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 435.58 48.75 Td (Af) Tj ET Q
q 0 0 0 rg BT 446.47 48.75 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 472.69 48.75 Td (Relationships ) Tj ET Q
q 0 0 0 rg BT 531.60 48.75 Td (metrics ) Tj ET Q
endstream
endobj
307 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 308 0 R>>
endobj
308 0 obj
<</Length 31371>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (151) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 65.83 741.75 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 107.83 741.75 Td (30% ) Tj ET Q
q 0 0 0 rg BT 130.59 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 149.26 741.75 Td (Or) Tj ET Q
q 0 0 0 rg BT 160.15 741.75 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 214.98 741.75 Td (Health ) Tj ET Q
q 0 0 0 rg BT 246.48 741.75 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 280.90 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 297.23 741.75 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 339.23 741.75 Td (10%. ) Tj ET Q
q 0 0 0 rg BT 364.61 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.87 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 387.71 741.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 437.88 741.75 Td (establishes ) Tj ET Q
q 0 0 0 rg BT 486.89 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 495.06 741.75 Td (tar) Tj ET Q
q 0 0 0 rg BT 505.95 741.75 Td (get ) Tj ET Q
q 0 0 0 rg BT 522.29 741.75 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 111.62 729.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 153.90 729.15 Td (pool, ) Tj ET Q
q 0 0 0 rg BT 178.98 729.15 Td (but ) Tj ET Q
q 0 0 0 rg BT 196.20 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 212.82 729.15 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 257.42 729.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 292.71 729.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 303.51 729.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 337.05 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 349.01 729.15 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 398.89 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 410.85 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 427.47 729.15 Td (discretion ) Tj ET Q
q 0 0 0 rg BT 472.68 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 485.22 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 501.84 729.15 Td (Compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 99.69 716.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 127.12 716.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 141.14 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 157.50 716.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 197.75 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.44 716.55 Td (qualitative ) Tj ET Q
q 0 0 0 rg BT 264.28 716.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 320.86 716.55 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 355.29 716.55 Td (established ) Tj ET Q
q 0 0 0 rg BT 405.47 716.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 419.50 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 435.85 716.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 486.04 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 501.80 716.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 519.33 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 531.02 716.55 Td (making ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 92.35 703.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 153.30 703.95 Td (decisions.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 678.75 Td (T) Tj ET Q
q 0 0 0 rg BT 91.18 678.75 Td (o ) Tj ET Q
q 0 0 0 rg BT 99.63 678.75 Td (further ) Tj ET Q
q 0 0 0 rg BT 131.40 678.75 Td (ensure ) Tj ET Q
q 0 0 0 rg BT 162.00 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.03 678.75 Td (alignment ) Tj ET Q
q 0 0 0 rg BT 223.22 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 235.16 678.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 296.68 678.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 318.55 678.75 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 363.16 678.75 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 422.03 678.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 437.47 678.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 460.49 678.75 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 496.93 678.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 504.79 678.75 Td (policy ) Tj ET Q
q 0 0 0 rg BT 534.24 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 549.68 678.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (clawback ) Tj ET Q
q 0 0 0 rg BT 90.82 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 101.24 666.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 141.39 666.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 201.39 666.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 223.47 666.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 253.13 666.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 295.03 666.15 Td (of) Tj ET Q
q 0 0 0 rg BT 303.59 666.15 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 328.58 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 338.42 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 352.92 666.15 Td (event ) Tj ET Q
q 0 0 0 rg BT 377.33 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 383.67 666.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 413.33 666.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 455.23 666.15 Td (of) Tj ET Q
q 0 0 0 rg BT 463.79 666.15 Td (ficer) Tj ET Q
q 0 0 0 rg BT 483.41 666.15 Td (�) Tj ET Q
q 0 0 0 rg BT 486.32 666.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 492.08 666.15 Td (acts ) Tj ET Q
q 0 0 0 rg BT 510.08 666.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 520.50 666.15 Td (omissions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (contribute ) Tj ET Q
q 0 0 0 rg BT 93.74 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 103.58 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 109.92 653.55 Td (need ) Tj ET Q
q 0 0 0 rg BT 131.41 653.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 145.33 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 151.66 653.55 Td (restatement ) Tj ET Q
q 0 0 0 rg BT 201.73 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 212.15 653.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 227.82 653.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 266.22 653.55 Td (results ) Tj ET Q
q 0 0 0 rg BT 295.31 653.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 305.73 653.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 313.82 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 320.15 653.55 Td (named ) Tj ET Q
q 0 0 0 rg BT 349.81 653.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 391.71 653.55 Td (of) Tj ET Q
q 0 0 0 rg BT 400.27 653.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 421.17 653.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 429.85 653.55 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 476.42 653.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 490.34 653.55 Td (cause. ) Tj ET Q
q 0 0 0 rg BT 517.58 653.55 Td (Additional ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 104.71 640.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 120.85 640.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 140.48 640.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 186.35 640.95 Td (of) Tj ET Q
q 0 0 0 rg BT 194.91 640.95 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 219.78 640.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 283.74 640.95 Td (practices ) Tj ET Q
q 0 0 0 rg BT 326.69 640.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 339.33 640.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 385.21 640.95 Td (below ) Tj ET Q
q 0 0 0 rg BT 416.51 640.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 446.06 640.95 Td (�Executive ) Tj ET Q
q 0 0 0 rg BT 498.34 640.95 Td (Compensation-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 112.79 628.35 Td (Discussion ) Tj ET Q
q 0 0 0 rg BT 161.50 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 178.71 628.35 Td (Analysis.�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 603.15 Td (W) Tj ET Q
q 0 0 0 rg BT 94.57 603.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 101.41 603.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 123.40 603.15 Td (considered ) Tj ET Q
q 0 0 0 rg BT 171.06 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.06 603.15 Td (risks ) Tj ET Q
q 0 0 0 rg BT 208.08 603.15 Td (created ) Tj ET Q
q 0 0 0 rg BT 240.56 603.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 253.23 603.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 269.40 603.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 329.90 603.15 Td (policies ) Tj ET Q
q 0 0 0 rg BT 364.74 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 382.07 603.15 Td (practices, ) Tj ET Q
q 0 0 0 rg BT 424.18 603.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 466.02 603.15 Td (mitigating ) Tj ET Q
q 0 0 0 rg BT 511.36 603.15 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 544.73 603.15 Td (and, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 76.27 590.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 89.64 590.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 107.68 590.55 Td (review) Tj ET Q
q 0 0 0 rg BT 135.57 590.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 141.06 590.55 Td (do ) Tj ET Q
q 0 0 0 rg BT 154.43 590.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 170.71 590.55 Td (believe ) Tj ET Q
q 0 0 0 rg BT 203.90 590.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 222.51 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 239.37 590.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 300.56 590.55 Td (policies ) Tj ET Q
q 0 0 0 rg BT 336.09 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 354.11 590.55 Td (practices ) Tj ET Q
q 0 0 0 rg BT 394.29 590.55 Td (create ) Tj ET Q
q 0 0 0 rg BT 422.22 590.55 Td (risks ) Tj ET Q
q 0 0 0 rg BT 444.92 590.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 463.53 590.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 479.22 590.55 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 527.57 590.55 Td (likely ) Tj ET Q
q 0 0 0 rg BT 554.35 590.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 72.92 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 81.17 577.95 Td (material ) Tj ET Q
q 0 0 0 rg BT 119.17 577.95 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 154.83 577.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 162.79 577.95 Td (fect ) Tj ET Q
q 0 0 0 rg BT 182.12 577.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 196.22 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 212.64 577.95 Td (company) Tj ET Q
q 0 0 0 rg BT 250.45 577.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 256.41 577.95 Td (This ) Tj ET Q
q 0 0 0 rg BT 278.67 577.95 Td (conclusion ) Tj ET Q
q 0 0 0 rg BT 327.76 577.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 338.36 577.95 Td (supported ) Tj ET Q
q 0 0 0 rg BT 383.37 577.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 397.46 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.89 577.95 Td (work ) Tj ET Q
q 0 0 0 rg BT 439.06 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 451.40 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 459.66 577.95 Td (committee ) Tj ET Q
q 0 0 0 rg BT 507.57 577.95 Td (consisting ) Tj ET Q
q 0 0 0 rg BT 553.75 577.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (representatives ) Tj ET Q
q 0 0 0 rg BT 116.03 565.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 139.99 565.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 157.55 565.35 Td (finance, ) Tj ET Q
q 0 0 0 rg BT 194.62 565.35 Td (human ) Tj ET Q
q 0 0 0 rg BT 226.76 565.35 Td (resources, ) Tj ET Q
q 0 0 0 rg BT 272.58 565.35 Td (legal ) Tj ET Q
q 0 0 0 rg BT 296.55 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 315.26 565.35 Td (enterprise ) Tj ET Q
q 0 0 0 rg BT 360.22 565.35 Td (risk ) Tj ET Q
q 0 0 0 rg BT 379.52 565.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 436.72 565.35 Td (departments, ) Tj ET Q
q 0 0 0 rg BT 494.22 565.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 523.44 565.35 Td (evaluates ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (whether ) Tj ET Q
q 0 0 0 rg BT 85.94 552.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 102.56 552.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 163.51 552.75 Td (policies ) Tj ET Q
q 0 0 0 rg BT 198.80 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.58 552.75 Td (practices ) Tj ET Q
q 0 0 0 rg BT 256.52 552.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 271.96 552.75 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 320.07 552.75 Td (likely ) Tj ET Q
q 0 0 0 rg BT 346.61 552.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 357.40 552.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 379.84 552.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 387.13 552.75 Td (material ) Tj ET Q
q 0 0 0 rg BT 424.15 552.75 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 458.84 552.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 466.81 552.75 Td (fect ) Tj ET Q
q 0 0 0 rg BT 485.17 552.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 498.30 552.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 522.50 552.75 Td (Mason.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 527.55 Td (1) Tj ET Q
q 0 0 0 rg BT 84.80 527.55 Td (1. ) Tj ET Q
q 0 0 0 rg BT 95.30 527.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 97.92 527.55 Td (EXECUTIVE ) Tj ET Q
q 0 0 0 rg BT 162.98 527.55 Td (COMPENSA) Tj ET Q
q 0 0 0 rg BT 222.29 527.55 Td (TION.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (COMPENSA) Tj ET Q
q 0 0 0 rg BT 108.81 502.35 Td (TION ) Tj ET Q
q 0 0 0 rg BT 138.27 502.35 Td (DISCUSSION ) Tj ET Q
q 0 0 0 rg BT 204.51 502.35 Td (AND ) Tj ET Q
q 0 0 0 rg BT 229.30 502.35 Td (ANAL) Tj ET Q
q 0 0 0 rg BT 258.09 502.35 Td (YSIS) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (Relationship ) Tj ET Q
q 0 0 0 rg BT 108.72 477.15 Td (between ) Tj ET Q
q 0 0 0 rg BT 148.09 477.15 Td (Company ) Tj ET Q
q 0 0 0 rg BT 194.47 477.15 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 255.40 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 274.95 477.15 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 321.32 477.15 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.44 464.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 124.09 464.55 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 173.36 464.55 Td (framework ) Tj ET Q
q 0 0 0 rg BT 222.03 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 239.79 464.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 282.63 464.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 343.55 464.55 Td (program ) Tj ET Q
q 0 0 0 rg BT 381.73 464.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 397.16 464.55 Td (designed ) Tj ET Q
q 0 0 0 rg BT 437.09 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 447.86 464.55 Td (link ) Tj ET Q
q 0 0 0 rg BT 466.80 464.55 Td (pay ) Tj ET Q
q 0 0 0 rg BT 484.57 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 502.33 464.55 Td (performance.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 95.86 439.35 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 163.25 439.35 Td (Pr) Tj ET Q
q 0 0 0 rg BT 174.13 439.35 Td (ogram ) Tj ET Q
q 0 0 0 rg BT 205.92 439.35 Td (Design) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 70.33 426.75 Td (only ) Tj ET Q
q 0 0 0 rg BT 93.50 426.75 Td (fixed ) Tj ET Q
q 0 0 0 rg BT 119.59 426.75 Td (component ) Tj ET Q
q 0 0 0 rg BT 170.75 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 184.00 426.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 246.83 426.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 258.34 426.75 Td (base ) Tj ET Q
q 0 0 0 rg BT 281.50 426.75 Td (salary) Tj ET Q
q 0 0 0 rg BT 305.89 426.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 313.02 426.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 343.19 426.75 Td (ranges ) Tj ET Q
q 0 0 0 rg BT 375.10 426.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 400.02 426.75 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 465.17 426.75 Td (6-27% ) Tj ET Q
q 0 0 0 rg BT 497.67 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 510.93 426.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 534.10 426.75 Td (direct ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.45 414.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 125.31 414.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 141.94 414.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 172.55 414.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 215.40 414.15 Td (of) Tj ET Q
q 0 0 0 rg BT 223.96 414.15 Td (ficers.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 82.69 388.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 138.02 388.95 Td (drives ) Tj ET Q
q 0 0 0 rg BT 165.97 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.08 388.95 Td (payment ) Tj ET Q
q 0 0 0 rg BT 219.52 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.54 388.95 Td (annual ) Tj ET Q
q 0 0 0 rg BT 260.81 388.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 301.58 388.95 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 364.81 388.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 392.75 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 403.20 388.95 Td (prior ) Tj ET Q
q 0 0 0 rg BT 425.89 388.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 450.33 388.95 Td (was ) Tj ET Q
q 0 0 0 rg BT 468.94 388.95 Td (divided ) Tj ET Q
q 0 0 0 rg BT 502.72 388.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 521.33 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 528.28 388.95 Td (current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 70.49 376.35 Td (payment, ) Tj ET Q
q 0 0 0 rg BT 111.61 376.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 123.85 376.35 Td (award ) Tj ET Q
q 0 0 0 rg BT 151.84 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.92 376.35 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 204.31 376.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 228.81 376.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 251.57 376.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 269.65 376.35 Td (vest ) Tj ET Q
q 0 0 0 rg BT 288.90 376.35 Td (over ) Tj ET Q
q 0 0 0 rg BT 309.89 376.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 316.88 376.35 Td (four ) Tj ET Q
q 0 0 0 rg BT 336.71 376.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 357.11 376.35 Td (period, ) Tj ET Q
q 0 0 0 rg BT 388.90 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 406.39 376.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 418.63 376.35 Td (award ) Tj ET Q
q 0 0 0 rg BT 446.62 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 457.70 376.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 513.08 376.35 Td (share ) Tj ET Q
q 0 0 0 rg BT 537.57 376.35 Td (units ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 68.67 363.75 Td (vest ) Tj ET Q
q 0 0 0 rg BT 89.01 363.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 100.01 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 116.27 363.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 134.85 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.02 363.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 155.11 363.75 Td (three ) Tj ET Q
q 0 0 0 rg BT 179.52 363.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 201.01 363.75 Td (period. ) Tj ET Q
q 0 0 0 rg BT 233.89 363.75 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 282.21 363.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 338.69 363.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 350.86 363.75 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 391.00 363.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 402.60 363.75 Td (relative ) Tj ET Q
q 0 0 0 rg BT 437.50 363.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 459.59 363.75 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 512.00 363.75 Td (return ) Tj ET Q
q 0 0 0 rg BT 540.50 363.75 Td (plus ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (relative ) Tj ET Q
q 0 0 0 rg BT 83.91 351.15 Td (or) Tj ET Q
q 0 0 0 rg BT 92.47 351.15 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 118.14 351.15 Td (growth ) Tj ET Q
q 0 0 0 rg BT 150.81 351.15 Td (rate ) Tj ET Q
q 0 0 0 rg BT 169.48 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 181.16 351.15 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 224.85 351.15 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 252.28 351.15 Td (drives ) Tj ET Q
q 0 0 0 rg BT 280.87 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.63 351.15 Td (ultimate ) Tj ET Q
q 0 0 0 rg BT 333.97 351.15 Td (payout ) Tj ET Q
q 0 0 0 rg BT 365.48 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.15 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 392.91 351.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 448.89 351.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 473.98 351.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 497.33 351.15 Td (issued ) Tj ET Q
q 0 0 0 rg BT 526.51 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 537.61 351.15 Td (prior ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (years.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 65.65 313.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 89.95 313.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 109.58 313.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 134.77 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.16 313.35 Td (Mer) Tj ET Q
q 0 0 0 rg BT 166.46 313.35 Td (ger ) Tj ET Q
q 0 0 0 rg BT 181.09 313.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 229.30 313.35 Td (prohibited ) Tj ET Q
q 0 0 0 rg BT 274.02 313.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 297.16 313.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 327.30 313.35 Td (issuing ) Tj ET Q
q 0 0 0 rg BT 358.62 313.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 386.43 313.35 Td (awards ) Tj ET Q
q 0 0 0 rg BT 417.73 313.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 427.46 313.35 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 476.55 313.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 517.78 313.35 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 300.75 Td (ficers. ) Tj ET Q
q 0 0 0 rg BT 86.10 300.75 Td (Instead, ) Tj ET Q
q 0 0 0 rg BT 121.14 300.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 163.47 300.75 Td (of) Tj ET Q
q 0 0 0 rg BT 172.02 300.75 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 197.44 300.75 Td (received ) Tj ET Q
q 0 0 0 rg BT 235.09 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.02 300.75 Td (same ) Tj ET Q
q 0 0 0 rg BT 273.69 300.75 Td (portion ) Tj ET Q
q 0 0 0 rg BT 306.12 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 316.96 300.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 338.30 300.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 378.88 300.75 Td (awards ) Tj ET Q
q 0 0 0 rg BT 410.72 300.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 428.56 300.75 Td (would ) Tj ET Q
q 0 0 0 rg BT 456.91 300.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 478.83 300.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 500.75 300.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 520.92 300.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 531.77 300.75 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.79 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 74.74 288.15 Td (form ) Tj ET Q
q 0 0 0 rg BT 97.27 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.13 288.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 145.23 288.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 166.00 288.15 Td (units, ) Tj ET Q
q 0 0 0 rg BT 191.17 288.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 218.95 288.15 Td (vest ) Tj ET Q
q 0 0 0 rg BT 237.99 288.15 Td (ratably ) Tj ET Q
q 0 0 0 rg BT 269.26 288.15 Td (over ) Tj ET Q
q 0 0 0 rg BT 290.04 288.15 Td (four ) Tj ET Q
q 0 0 0 rg BT 309.65 288.15 Td (years, ) Tj ET Q
q 0 0 0 rg BT 336.55 288.15 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 380.20 288.15 Td (April ) Tj ET Q
q 0 0 0 rg BT 404.48 288.15 Td (30, ) Tj ET Q
q 0 0 0 rg BT 419.73 288.15 Td (2021 ) Tj ET Q
q 0 0 0 rg BT 442.85 288.15 Td (but ) Tj ET Q
q 0 0 0 rg BT 458.38 288.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 473.32 288.15 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 522.65 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 539.93 288.15 Td (paid ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (out ) Tj ET Q
q 0 0 0 rg BT 65.81 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 76.88 275.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 98.43 275.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 122.32 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.05 275.55 Td (completion ) Tj ET Q
q 0 0 0 rg BT 188.19 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 199.83 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 215.55 275.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 232.85 275.55 Td (ger) Tj ET Q
q 0 0 0 rg BT 245.84 275.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 251.36 275.55 Td (consistent ) Tj ET Q
q 0 0 0 rg BT 296.25 275.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 317.82 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 333.54 275.55 Td (treatment ) Tj ET Q
q 0 0 0 rg BT 376.09 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 387.73 275.55 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 439.62 275.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 468.76 275.55 Td (awards. ) Tj ET Q
q 0 0 0 rg BT 503.81 275.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 523.03 275.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 549.26 275.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.11 262.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 102.86 262.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 124.30 262.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 143.41 262.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 175.93 262.95 Td (provide ) Tj ET Q
q 0 0 0 rg BT 210.79 262.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 229.31 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 244.92 262.95 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 294.36 262.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 315.22 262.95 Td (elect ) Tj ET Q
q 0 0 0 rg BT 337.82 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 348.77 262.95 Td (convert ) Tj ET Q
q 0 0 0 rg BT 383.03 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 398.64 262.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 421.84 262.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 440.96 262.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 469.98 262.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 502.50 262.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 511.69 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.30 262.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 544.61 262.95 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 59.13 250.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 75.17 250.35 Td (completed.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 109.85 225.15 Td (Assessment) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.47 212.55 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 131.77 212.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 181.08 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 192.46 212.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 209.10 212.55 Td (Board ) Tj ET Q
q 0 0 0 rg BT 237.40 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.79 212.55 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 290.50 212.55 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 309.47 212.55 Td (�Committee�\) ) Tj ET Q
q 0 0 0 rg BT 371.59 212.55 Td (uses ) Tj ET Q
q 0 0 0 rg BT 392.32 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 399.62 212.55 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 465.82 212.55 Td (process ) Tj ET Q
q 0 0 0 rg BT 499.95 212.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 510.76 212.55 Td (continually ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (assess ) Tj ET Q
q 0 0 0 rg BT 77.61 199.95 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 135.72 199.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 163.82 199.95 Td (includes ) Tj ET Q
q 0 0 0 rg BT 201.25 199.95 Td (frequent ) Tj ET Q
q 0 0 0 rg BT 238.67 199.95 Td (dialogue ) Tj ET Q
q 0 0 0 rg BT 277.27 199.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 298.37 199.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 354.46 199.95 Td (about ) Tj ET Q
q 0 0 0 rg BT 380.23 199.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 419.40 199.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 474.88 199.95 Td (relative ) Tj ET Q
q 0 0 0 rg BT 508.80 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 519.41 199.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 535.85 199.95 Td (goals ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 187.35 Td (relative ) Tj ET Q
q 0 0 0 rg BT 101.39 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 112.18 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 127.64 187.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 183.31 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 194.68 187.35 Td (competitors, ) Tj ET Q
q 0 0 0 rg BT 249.51 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 267.29 187.35 Td (assessments ) Tj ET Q
q 0 0 0 rg BT 320.67 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.04 187.35 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 374.31 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 392.09 187.35 Td (individual ) Tj ET Q
q 0 0 0 rg BT 437.30 187.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 480.15 187.35 Td (accomplishments.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.20 162.15 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 117.86 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 127.41 162.15 Td (consultation ) Tj ET Q
q 0 0 0 rg BT 180.11 162.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 200.15 162.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 211.45 162.15 Td (independent ) Tj ET Q
q 0 0 0 rg BT 264.14 162.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 323.84 162.15 Td (consultant, ) Tj ET Q
q 0 0 0 rg BT 371.00 162.15 Td (considers ) Tj ET Q
q 0 0 0 rg BT 412.03 162.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 427.40 162.15 Td (pay-for) Tj ET Q
q 0 0 0 rg BT 458.09 162.15 Td (-performance ) Tj ET Q
q 0 0 0 rg BT 516.02 162.15 Td (alignment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (when ) Tj ET Q
q 0 0 0 rg BT 75.38 149.55 Td (making ) Tj ET Q
q 0 0 0 rg BT 110.00 149.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 153.37 149.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 214.82 149.55 Td (decisions. ) Tj ET Q
q 0 0 0 rg BT 259.43 149.55 Td (This ) Tj ET Q
q 0 0 0 rg BT 281.23 149.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 340.93 149.55 Td (includes ) Tj ET Q
q 0 0 0 rg BT 379.06 149.55 Td (reviewing ) Tj ET Q
q 0 0 0 rg BT 424.17 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.14 149.55 Td (relationship ) Tj ET Q
q 0 0 0 rg BT 492.84 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 504.72 149.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 529.43 149.55 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.17 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 122.96 136.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 165.81 136.95 Td (pay ) Tj ET Q
q 0 0 0 rg BT 183.60 136.95 Td (levels ) Tj ET Q
q 0 0 0 rg BT 210.72 136.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 222.09 136.95 Td (compared ) Tj ET Q
q 0 0 0 rg BT 266.11 136.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 276.90 136.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 295.27 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 306.64 136.95 Td (competitors.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.19 111.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 93.03 111.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 114.20 111.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 140.92 111.75 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 174.93 111.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 198.43 111.75 Td (divided ) Tj ET Q
q 0 0 0 rg BT 233.03 111.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 252.46 111.75 Td (three ) Tj ET Q
q 0 0 0 rg BT 276.55 111.75 Td (categories ) Tj ET Q
q 0 0 0 rg BT 322.21 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 340.47 111.75 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 382.06 111.75 Td (-financial ) Tj ET Q
q 0 0 0 rg BT 425.39 111.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 481.54 111.75 Td (\(60%\), ) Tj ET Q
q 0 0 0 rg BT 513.50 111.75 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 549.84 111.75 Td (& ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (af) Tj ET Q
q 0 0 0 rg BT 57.47 99.15 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 84.99 99.15 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 141.68 99.15 Td (\(30%\) ) Tj ET Q
q 0 0 0 rg BT 170.96 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 189.15 99.15 Td (or) Tj ET Q
q 0 0 0 rg BT 197.71 99.15 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 252.05 99.15 Td (health ) Tj ET Q
q 0 0 0 rg BT 280.74 99.15 Td (\(10%\). ) Tj ET Q
q 0 0 0 rg BT 312.64 99.15 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 369.32 99.15 Td (was ) Tj ET Q
q 0 0 0 rg BT 388.68 99.15 Td (evaluated ) Tj ET Q
q 0 0 0 rg BT 431.94 99.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 443.14 99.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 465.41 99.15 Td (category ) Tj ET Q
q 0 0 0 rg BT 504.59 99.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 515.20 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.06 99.15 Td (end ) Tj ET Q
q 0 0 0 rg BT 549.26 99.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 86.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 90.32 86.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 111.01 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 128.80 86.55 Td (payment ) Tj ET Q
q 0 0 0 rg BT 167.58 86.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 186.53 86.55 Td (determined ) Tj ET Q
q 0 0 0 rg BT 236.39 86.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 262.92 86.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 276.05 86.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 283.33 86.55 Td (payout ) Tj ET Q
q 0 0 0 rg BT 314.53 86.55 Td (scale ) Tj ET Q
q 0 0 0 rg BT 338.15 86.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 361.18 86.55 Td (0) Tj ET Q
/GS0 gs
q 3.82 0 0 10.55 366.43 84.28 cm
/I41 Do Q
q 0 0 0 rg BT 370.25 86.55 Td (150% ) Tj ET Q
q 0 0 0 rg BT 397.37 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 408.74 86.55 Td (tar) Tj ET Q
q 0 0 0 rg BT 419.63 86.55 Td (get ) Tj ET Q
q 0 0 0 rg BT 435.08 86.55 Td (amounts.) Tj ET Q
endstream
endobj
309 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 310 0 R>>
endobj
310 0 obj
<</Length 35580>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (152) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Engagement ) Tj ET Q
q 0 0 0 rg BT 108.12 741.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 127.68 741.90 Td (Responsiveness ) Tj ET Q
q 0 0 0 rg BT 199.15 741.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 210.52 741.90 Td (Stockholders) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 76.82 729.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 111.16 729.30 Td (regularly ) Tj ET Q
q 0 0 0 rg BT 154.81 729.30 Td (engages ) Tj ET Q
q 0 0 0 rg BT 194.38 729.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 218.79 729.30 Td (key ) Tj ET Q
q 0 0 0 rg BT 239.70 729.30 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 298.53 729.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 314.78 729.30 Td (governance ) Tj ET Q
q 0 0 0 rg BT 368.92 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 389.83 729.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 435.81 729.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 499.88 729.30 Td (issues. ) Tj ET Q
q 0 0 0 rg BT 532.93 729.30 Td (These ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (conversations ) Tj ET Q
q 0 0 0 rg BT 111.35 716.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 128.29 716.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 140.58 716.70 Td (addition ) Tj ET Q
q 0 0 0 rg BT 179.11 716.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 191.40 716.70 Td (investor ) Tj ET Q
q 0 0 0 rg BT 229.34 716.70 Td (conferences ) Tj ET Q
q 0 0 0 rg BT 283.59 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 302.87 716.70 Td (outreach ) Tj ET Q
q 0 0 0 rg BT 343.14 716.70 Td (managed ) Tj ET Q
q 0 0 0 rg BT 385.16 716.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 399.77 716.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 417.89 716.70 Td (Investor ) Tj ET Q
q 0 0 0 rg BT 456.42 716.70 Td (Relations ) Tj ET Q
q 0 0 0 rg BT 500.20 716.70 Td (team ) Tj ET Q
q 0 0 0 rg BT 524.72 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 544.00 716.70 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (engagement ) Tj ET Q
q 0 0 0 rg BT 103.31 704.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 125.06 704.10 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 181.21 704.10 Td (after ) Tj ET Q
q 0 0 0 rg BT 203.52 704.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 218.85 704.10 Td (file ) Tj ET Q
q 0 0 0 rg BT 235.92 704.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 253.00 704.10 Td (proxy ) Tj ET Q
q 0 0 0 rg BT 280.57 704.10 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 330.60 704.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 342.43 704.10 Td (addition ) Tj ET Q
q 0 0 0 rg BT 379.92 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 391.17 704.10 Td (outreach ) Tj ET Q
q 0 0 0 rg BT 430.40 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 441.64 704.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 458.72 704.10 Td (lar) Tj ET Q
q 0 0 0 rg BT 469.61 704.10 Td (gest ) Tj ET Q
q 0 0 0 rg BT 489.60 704.10 Td (investors ) Tj ET Q
q 0 0 0 rg BT 530.60 704.10 Td (during ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (proxy ) Tj ET Q
q 0 0 0 rg BT 76.01 691.50 Td (season, ) Tj ET Q
q 0 0 0 rg BT 108.64 691.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 122.90 691.50 Td (contacted ) Tj ET Q
q 0 0 0 rg BT 165.14 691.50 Td (seventeen ) Tj ET Q
q 0 0 0 rg BT 208.55 691.50 Td (investors ) Tj ET Q
q 0 0 0 rg BT 248.48 691.50 Td (midway ) Tj ET Q
q 0 0 0 rg BT 284.32 691.50 Td (through ) Tj ET Q
q 0 0 0 rg BT 319.00 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 333.84 691.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 358.60 691.50 Td (year) Tj ET Q
q 0 0 0 rg BT 376.24 691.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 380.88 691.50 Td (who ) Tj ET Q
q 0 0 0 rg BT 400.98 691.50 Td (held ) Tj ET Q
q 0 0 0 rg BT 421.07 691.50 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 483.73 691.50 Td (52% ) Tj ET Q
q 0 0 0 rg BT 504.99 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.75 691.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 531.76 691.50 Td (shares ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (outstanding) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 98.50 678.90 Td ( ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 100.03 678.90 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 114.39 678.90 Td (measur) Tj ET Q
q 0 0 0 rg BT 144.91 678.90 Td (ed ) Tj ET Q
q 0 0 0 rg BT 156.35 678.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 166.04 678.90 Td (September ) Tj ET Q
q 0 0 0 rg BT 211.89 678.90 Td (30, ) Tj ET Q
q 0 0 0 rg BT 226.54 678.90 Td (2019\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 251.04 678.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 255.19 678.90 Td (Of ) Tj ET Q
q 0 0 0 rg BT 267.79 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 282.15 678.90 Td (17 ) Tj ET Q
q 0 0 0 rg BT 294.17 678.90 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 348.78 678.90 Td (contacted, ) Tj ET Q
q 0 0 0 rg BT 393.16 678.90 Td (7 ) Tj ET Q
q 0 0 0 rg BT 399.93 678.90 Td (responded ) Tj ET Q
q 0 0 0 rg BT 444.61 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 461.30 678.90 Td (5 ) Tj ET Q
q 0 0 0 rg BT 468.08 678.90 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 506.32 678.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 517.76 678.90 Td (invitation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.61 666.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 72.14 666.30 Td (call. ) Tj ET Q
q 0 0 0 rg BT 92.58 666.30 Td (W) Tj ET Q
q 0 0 0 rg BT 101.65 666.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 109.18 666.30 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 152.29 666.30 Td (board ) Tj ET Q
q 0 0 0 rg BT 179.07 666.30 Td (composition, ) Tj ET Q
q 0 0 0 rg BT 236.48 666.30 Td (non-employee ) Tj ET Q
q 0 0 0 rg BT 299.41 666.30 Td (director ) Tj ET Q
q 0 0 0 rg BT 334.92 666.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 396.11 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 414.14 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 429.83 666.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 454.28 666.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 485.73 666.30 Td (Board�) Tj ET Q
q 0 0 0 rg BT 514.31 666.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 521.26 666.30 Td (response ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 61.96 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.07 653.70 Td (shareholder ) Tj ET Q
q 0 0 0 rg BT 132.34 653.70 Td (proposal, ) Tj ET Q
q 0 0 0 rg BT 175.41 653.70 Td (approved ) Tj ET Q
q 0 0 0 rg BT 218.77 653.70 Td (overwhelmingly ) Tj ET Q
q 0 0 0 rg BT 291.88 653.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 303.74 653.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 322.03 653.70 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 347.32 653.70 Td (annual ) Tj ET Q
q 0 0 0 rg BT 379.59 653.70 Td (meeting, ) Tj ET Q
q 0 0 0 rg BT 420.33 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 432.79 653.70 Td (remove ) Tj ET Q
q 0 0 0 rg BT 468.56 653.70 Td (supermajority ) Tj ET Q
q 0 0 0 rg BT 531.17 653.70 Td (voting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (provisions ) Tj ET Q
q 0 0 0 rg BT 95.88 641.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 118.92 641.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 143.11 641.10 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 174.62 641.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 181.33 641.10 Td (charter ) Tj ET Q
q 0 0 0 rg BT 213.09 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 230.88 641.10 Td (bylaws. ) Tj ET Q
q 0 0 0 rg BT 265.88 641.10 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 95.86 615.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 163.25 615.90 Td (Practices) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (Below ) Tj ET Q
q 0 0 0 rg BT 78.87 603.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 93.07 603.30 Td (highlight ) Tj ET Q
q 0 0 0 rg BT 132.95 603.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 163.47 603.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 205.65 603.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 265.93 603.30 Td (practices ) Tj ET Q
q 0 0 0 rg BT 305.20 603.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 319.40 603.30 Td (employ ) Tj ET Q
q 0 0 0 rg BT 352.85 603.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 362.98 603.30 Td (align ) Tj ET Q
q 0 0 0 rg BT 385.93 603.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 428.11 603.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 488.39 603.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 509.02 603.30 Td (stockholder ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (interests. ) Tj ET Q
q 0 0 0 rg BT 89.48 590.70 Td (Also ) Tj ET Q
q 0 0 0 rg BT 112.35 590.70 Td (listed ) Tj ET Q
q 0 0 0 rg BT 138.14 590.70 Td (below ) Tj ET Q
q 0 0 0 rg BT 166.83 590.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 182.68 590.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 214.28 590.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 275.63 590.70 Td (practices ) Tj ET Q
q 0 0 0 rg BT 315.98 590.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 331.26 590.70 Td (do ) Tj ET Q
q 0 0 0 rg BT 344.79 590.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 361.24 590.70 Td (employ ) Tj ET Q
q 0 0 0 rg BT 395.77 590.70 Td (because ) Tj ET Q
q 0 0 0 rg BT 432.03 590.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 447.31 590.70 Td (do ) Tj ET Q
q 0 0 0 rg BT 460.84 590.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 477.30 590.70 Td (believe ) Tj ET Q
q 0 0 0 rg BT 510.65 590.70 Td (they ) Tj ET Q
q 0 0 0 rg BT 531.76 590.70 Td (would ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (serve ) Tj ET Q
q 0 0 0 rg BT 74.28 578.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 90.90 578.10 Td (stockholders�) Tj ET Q
q 0 0 0 rg BT 146.69 578.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 149.32 578.10 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 193.35 578.10 Td (interests.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (What ) Tj ET Q
q 0 0 0 rg BT 77.02 552.90 Td (W) Tj ET Q
q 0 0 0 rg BT 86.94 552.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 94.23 552.90 Td (Do ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (Pay ) Tj ET Q
q 0 0 0 rg BT 67.95 527.70 Td (for) Tj ET Q
q 0 0 0 rg BT 81.17 527.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 82.71 527.70 Td (Performance. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 145.18 527.70 Td (W) Tj ET Q
q 0 0 0 rg BT 154.25 527.70 Td (e ) Tj ET Q
q 0 0 0 rg BT 160.45 527.70 Td (tie ) Tj ET Q
q 0 0 0 rg BT 172.49 527.70 Td (annual ) Tj ET Q
q 0 0 0 rg BT 202.01 527.70 Td (pay ) Tj ET Q
q 0 0 0 rg BT 218.72 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 228.42 527.70 Td (objective ) Tj ET Q
q 0 0 0 rg BT 268.45 527.70 Td (absolute ) Tj ET Q
q 0 0 0 rg BT 304.98 527.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 359.57 527.70 Td (metrics: ) Tj ET Q
q 0 0 0 rg BT 394.94 527.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 410.47 527.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 434.75 527.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 454.36 527.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 476.56 527.70 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 516.02 527.70 Td (Operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (Mar) Tj ET Q
q 0 0 0 rg BT 66.80 515.10 Td (gin, ) Tj ET Q
q 0 0 0 rg BT 85.55 515.10 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 125.57 515.10 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 181.92 515.10 Td (cost ) Tj ET Q
q 0 0 0 rg BT 201.53 515.10 Td (savings, ) Tj ET Q
q 0 0 0 rg BT 238.35 515.10 Td (Net ) Tj ET Q
q 0 0 0 rg BT 256.21 515.10 Td (Revenue, ) Tj ET Q
q 0 0 0 rg BT 297.68 515.10 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 338.29 515.10 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 376.21 515.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 378.91 515.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 396.17 515.10 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 436.79 515.10 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 476.81 515.10 Td (per ) Tj ET Q
q 0 0 0 rg BT 492.92 515.10 Td (Share. ) Tj ET Q
q 0 0 0 rg BT 522.15 515.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 524.65 515.10 Td (W) Tj ET Q
q 0 0 0 rg BT 533.72 515.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 541.08 515.10 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 70.31 502.50 Td (consider ) Tj ET Q
q 0 0 0 rg BT 108.62 502.50 Td (relative ) Tj ET Q
q 0 0 0 rg BT 142.84 502.50 Td (total ) Tj ET Q
q 0 0 0 rg BT 164.24 502.50 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 215.96 502.50 Td (return, ) Tj ET Q
q 0 0 0 rg BT 246.40 502.50 Td (relative ) Tj ET Q
q 0 0 0 rg BT 280.61 502.50 Td (or) Tj ET Q
q 0 0 0 rg BT 289.17 502.50 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 314.65 502.50 Td (growth ) Tj ET Q
q 0 0 0 rg BT 347.13 502.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 365.60 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.08 502.50 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 420.62 502.50 Td (AUM, ) Tj ET Q
q 0 0 0 rg BT 450.49 502.50 Td (relative ) Tj ET Q
q 0 0 0 rg BT 484.71 502.50 Td (operating ) Tj ET Q
q 0 0 0 rg BT 527.09 502.50 Td (income ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (growth ) Tj ET Q
q 0 0 0 rg BT 82.69 489.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.30 489.90 Td (relative ) Tj ET Q
q 0 0 0 rg BT 136.22 489.90 Td (net ) Tj ET Q
q 0 0 0 rg BT 152.49 489.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 186.84 489.90 Td (growth ) Tj ET Q
q 0 0 0 rg BT 220.03 489.90 Td (when ) Tj ET Q
q 0 0 0 rg BT 246.22 489.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.49 489.90 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 312.60 489.90 Td (believes ) Tj ET Q
q 0 0 0 rg BT 350.45 489.90 Td (additional ) Tj ET Q
q 0 0 0 rg BT 395.88 489.90 Td (data ) Tj ET Q
q 0 0 0 rg BT 416.81 489.90 Td (points ) Tj ET Q
q 0 0 0 rg BT 445.93 489.90 Td (would ) Tj ET Q
q 0 0 0 rg BT 475.62 489.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 488.98 489.90 Td (useful. ) Tj ET Q
q 0 0 0 rg BT 520.71 489.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 523.90 489.90 Td (W) Tj ET Q
q 0 0 0 rg BT 532.97 489.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 541.08 489.90 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (evaluate ) Tj ET Q
q 0 0 0 rg BT 88.36 477.30 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 123.16 477.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 155.61 477.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 167.66 477.30 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 207.11 477.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 226.16 477.30 Td (af) Tj ET Q
q 0 0 0 rg BT 234.13 477.30 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 262.50 477.30 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 320.05 477.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 339.10 477.30 Td (or) Tj ET Q
q 0 0 0 rg BT 347.65 477.30 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 402.85 477.30 Td (health. ) Tj ET Q
q 0 0 0 rg BT 435.02 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 438.05 477.30 Td (A) Tj ET Q
q 0 0 0 rg BT 445.05 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 448.94 477.30 Td (significant ) Tj ET Q
q 0 0 0 rg BT 497.15 477.30 Td (portion ) Tj ET Q
q 0 0 0 rg BT 531.37 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 544.00 477.30 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td (executives�) Tj ET Q
q 0 0 0 rg BT 96.53 464.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.80 464.70 Td (potential ) Tj ET Q
q 0 0 0 rg BT 137.80 464.70 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 201.01 464.70 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 235.35 464.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 258.03 464.70 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 320.94 464.70 Td (73-94% ) Tj ET Q
q 0 0 0 rg BT 356.45 464.70 Td (depending ) Tj ET Q
q 0 0 0 rg BT 402.45 464.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 415.22 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 430.31 464.70 Td (named ) Tj ET Q
q 0 0 0 rg BT 460.56 464.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 503.05 464.70 Td (of) Tj ET Q
q 0 0 0 rg BT 511.61 464.70 Td (ficer) Tj ET Q
q 0 0 0 rg BT 530.42 464.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 535.31 464.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 544.58 464.70 Td (not ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (guaranteed ) Tj ET Q
q 0 0 0 rg BT 96.94 452.10 Td (but ) Tj ET Q
q 0 0 0 rg BT 111.75 452.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 120.14 452.10 Td (tied ) Tj ET Q
q 0 0 0 rg BT 137.27 452.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 146.82 452.10 Td (financial ) Tj ET Q
q 0 0 0 rg BT 184.94 452.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 201.48 452.10 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 251.86 452.10 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 308.82 452.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 326.53 452.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 374.58 452.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 391.12 452.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 402.43 452.10 Td (independent ) Tj ET Q
q 0 0 0 rg BT 455.13 452.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 514.84 452.10 Td (consultant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (evaluate ) Tj ET Q
q 0 0 0 rg BT 88.48 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 105.30 439.50 Td (alignment ) Tj ET Q
q 0 0 0 rg BT 151.29 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.03 439.50 Td (pay ) Tj ET Q
q 0 0 0 rg BT 183.19 439.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 202.35 439.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 259.40 439.50 Td (relative ) Tj ET Q
q 0 0 0 rg BT 294.88 439.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 307.04 439.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 325.04 439.50 Td (peer ) Tj ET Q
q 0 0 0 rg BT 347.10 439.50 Td (group, ) Tj ET Q
q 0 0 0 rg BT 378.22 439.50 Td (prior ) Tj ET Q
q 0 0 0 rg BT 402.63 439.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 414.79 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 431.62 439.50 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 482.28 439.50 Td (making ) Tj ET Q
q 0 0 0 rg BT 517.77 439.50 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.45 426.90 Td (determinations.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (Linkage ) Tj ET Q
q 0 0 0 rg BT 88.15 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 98.78 401.70 Td (Stockholder) Tj ET Q
q 0 0 0 rg BT 152.84 401.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 154.73 401.70 Td (Performance. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 217.54 401.70 Td (Linking ) Tj ET Q
q 0 0 0 rg BT 252.67 401.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 294.79 401.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 354.99 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 365.05 401.70 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 415.92 401.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 470.85 401.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 479.74 401.70 Td (important. ) Tj ET Q
q 0 0 0 rg BT 525.08 401.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 526.97 401.70 Td (In ) Tj ET Q
q 0 0 0 rg BT 537.60 401.70 Td (prior ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (years, ) Tj ET Q
q 0 0 0 rg BT 76.42 389.10 Td (relative ) Tj ET Q
q 0 0 0 rg BT 110.04 389.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 130.85 389.10 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 181.98 389.10 Td (return ) Tj ET Q
q 0 0 0 rg BT 209.19 389.10 Td (has ) Tj ET Q
q 0 0 0 rg BT 225.32 389.10 Td (been ) Tj ET Q
q 0 0 0 rg BT 247.29 389.10 Td (considered ) Tj ET Q
q 0 0 0 rg BT 294.91 389.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 305.22 389.10 Td (determining ) Tj ET Q
q 0 0 0 rg BT 358.10 389.10 Td (annual ) Tj ET Q
q 0 0 0 rg BT 388.23 389.10 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 428.85 389.10 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 463.35 389.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 480.65 389.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 535.85 389.10 Td (share ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (unit ) Tj ET Q
q 0 0 0 rg BT 68.85 376.50 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 102.19 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 120.36 376.50 Td (payouts. ) Tj ET Q
q 0 0 0 rg BT 158.66 376.50 Td (Relative ) Tj ET Q
q 0 0 0 rg BT 196.66 376.50 Td (or) Tj ET Q
q 0 0 0 rg BT 205.22 376.50 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 230.97 376.50 Td (growth ) Tj ET Q
q 0 0 0 rg BT 263.72 376.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 282.47 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 294.23 376.50 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 337.98 376.50 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 365.49 376.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 384.83 376.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 392.50 376.50 Td (second ) Tj ET Q
q 0 0 0 rg BT 424.67 376.50 Td (metric ) Tj ET Q
q 0 0 0 rg BT 454.50 376.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 469.76 376.50 Td (used ) Tj ET Q
q 0 0 0 rg BT 492.02 376.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 507.27 376.50 Td (determining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 104.77 363.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 129.14 363.90 Td (unit ) Tj ET Q
q 0 0 0 rg BT 147.70 363.90 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 180.25 363.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 197.63 363.90 Td (payouts. ) Tj ET Q
q 0 0 0 rg BT 235.14 363.90 Td (Further) Tj ET Q
q 0 0 0 rg BT 265.63 363.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 270.48 363.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 311.76 363.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 336.15 363.90 Td (units ) Tj ET Q
q 0 0 0 rg BT 358.79 363.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 390.75 363.90 Td (made ) Tj ET Q
q 0 0 0 rg BT 415.71 363.90 Td (annually ) Tj ET Q
q 0 0 0 rg BT 454.08 363.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 464.47 363.90 Td (prior ) Tj ET Q
q 0 0 0 rg BT 487.10 363.90 Td (years ) Tj ET Q
q 0 0 0 rg BT 511.48 363.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 534.10 363.90 Td (based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.09 351.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 117.22 351.30 Td (prior ) Tj ET Q
q 0 0 0 rg BT 139.72 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 149.98 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 164.89 351.30 Td (award, ) Tj ET Q
q 0 0 0 rg BT 195.25 351.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 216.01 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 230.92 351.30 Td (realized ) Tj ET Q
q 0 0 0 rg BT 266.23 351.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 291.06 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 301.89 351.30 Td (those ) Tj ET Q
q 0 0 0 rg BT 326.15 351.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 357.97 351.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 368.22 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.14 351.30 Td (executives ) Tj ET Q
q 0 0 0 rg BT 429.54 351.30 Td (ultimately ) Tj ET Q
q 0 0 0 rg BT 474.20 351.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 500.20 351.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 512.78 351.30 Td (share ) Tj ET Q
q 0 0 0 rg BT 537.03 351.30 Td (price ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.17 338.70 Td (during ) Tj ET Q
q 0 0 0 rg BT 135.21 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 150.67 338.70 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 183.62 338.70 Td (period ) Tj ET Q
q 0 0 0 rg BT 213.07 338.70 Td (after ) Tj ET Q
q 0 0 0 rg BT 234.93 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.38 338.70 Td (award ) Tj ET Q
q 0 0 0 rg BT 278.66 338.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 297.61 338.70 Td (made. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.50 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 96.35 313.50 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 124.55 313.50 Td (Ownership ) Tj ET Q
q 0 0 0 rg BT 177.25 313.50 Td (Guidelines. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 230.84 313.50 Td (Executives ) Tj ET Q
q 0 0 0 rg BT 280.02 313.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 295.94 313.50 Td (expected ) Tj ET Q
q 0 0 0 rg BT 336.36 313.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 347.64 313.50 Td (own ) Tj ET Q
q 0 0 0 rg BT 368.84 313.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 398.19 313.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 410.05 313.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 434.73 313.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 466.43 313.50 Td (common ) Tj ET Q
q 0 0 0 rg BT 506.28 313.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 531.56 313.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 553.34 313.50 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.86 300.90 Td (equal ) Tj ET Q
q 0 0 0 rg BT 100.23 300.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 111.02 300.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 121.22 300.90 Td (least ) Tj ET Q
q 0 0 0 rg BT 143.09 300.90 Td (two ) Tj ET Q
q 0 0 0 rg BT 161.47 300.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 172.26 300.90 Td (eight ) Tj ET Q
q 0 0 0 rg BT 195.88 300.90 Td (times ) Tj ET Q
q 0 0 0 rg BT 221.25 300.90 Td (base ) Tj ET Q
q 0 0 0 rg BT 242.54 300.90 Td (salary) Tj ET Q
q 0 0 0 rg BT 266.93 300.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 272.18 300.90 Td (depending ) Tj ET Q
q 0 0 0 rg BT 318.54 300.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 331.67 300.90 Td (position.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 81.64 275.70 Td (A) Tj ET Q
q 0 0 0 rg BT 88.44 275.70 Td (ward ) Tj ET Q
q 0 0 0 rg BT 114.08 275.70 Td (Retention ) Tj ET Q
q 0 0 0 rg BT 160.13 275.70 Td (Policy) Tj ET Q
q 0 0 0 rg BT 186.96 275.70 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 191.89 275.70 Td (Executives ) Tj ET Q
q 0 0 0 rg BT 240.25 275.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 255.38 275.70 Td (required ) Tj ET Q
q 0 0 0 rg BT 292.66 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 303.13 275.70 Td (retain ) Tj ET Q
q 0 0 0 rg BT 329.33 275.70 Td (50% ) Tj ET Q
q 0 0 0 rg BT 350.88 275.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.93 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 377.06 275.70 Td (net ) Tj ET Q
q 0 0 0 rg BT 392.19 275.70 Td (after) Tj ET Q
q 0 0 0 rg BT 411.21 275.70 Td (-tax ) Tj ET Q
q 0 0 0 rg BT 429.84 275.70 Td (shares ) Tj ET Q
q 0 0 0 rg BT 458.38 275.70 Td (received ) Tj ET Q
q 0 0 0 rg BT 496.24 275.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 518.96 275.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 531.75 275.70 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 81.86 263.10 Td (until ) Tj ET Q
q 0 0 0 rg BT 103.74 263.10 Td (they ) Tj ET Q
q 0 0 0 rg BT 124.44 263.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 146.89 263.10 Td (reached ) Tj ET Q
q 0 0 0 rg BT 182.15 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.61 263.10 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 243.98 263.10 Td (levels ) Tj ET Q
q 0 0 0 rg BT 271.09 263.10 Td (set ) Tj ET Q
q 0 0 0 rg BT 285.38 263.10 Td (out ) Tj ET Q
q 0 0 0 rg BT 301.43 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 312.22 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 327.67 263.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 352.46 263.10 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 398.83 263.10 Td (guidelines.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.90 Td (V) Tj ET Q
q 0 0 0 rg BT 56.12 237.90 Td (esting ) Tj ET Q
q 0 0 0 rg BT 83.99 237.90 Td (Period ) Tj ET Q
q 0 0 0 rg BT 115.35 237.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 128.06 237.90 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 159.67 237.90 Td (A) Tj ET Q
q 0 0 0 rg BT 166.47 237.90 Td (wards. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 198.13 237.90 Td (Restricted ) Tj ET Q
q 0 0 0 rg BT 242.32 237.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 266.11 237.90 Td (units ) Tj ET Q
q 0 0 0 rg BT 288.15 237.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 304.93 237.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 328.71 237.90 Td (options ) Tj ET Q
q 0 0 0 rg BT 361.25 237.90 Td (granted ) Tj ET Q
q 0 0 0 rg BT 394.35 237.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 404.14 237.90 Td (prior ) Tj ET Q
q 0 0 0 rg BT 426.17 237.90 Td (years ) Tj ET Q
q 0 0 0 rg BT 449.94 237.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 475.47 237.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.92 237.90 Td (annual ) Tj ET Q
q 0 0 0 rg BT 519.52 237.90 Td (incentive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (plan ) Tj ET Q
q 0 0 0 rg BT 70.20 225.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 92.65 225.30 Td (four) Tj ET Q
q 0 0 0 rg BT 109.93 225.30 Td (-year ) Tj ET Q
q 0 0 0 rg BT 134.12 225.30 Td (ratable ) Tj ET Q
q 0 0 0 rg BT 165.31 225.30 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 198.27 225.30 Td (periods. ) Tj ET Q
q 0 0 0 rg BT 234.43 225.30 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (Clawback ) Tj ET Q
q 0 0 0 rg BT 96.76 200.10 Td (Policy) Tj ET Q
q 0 0 0 rg BT 123.59 200.10 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 128.55 200.10 Td (W) Tj ET Q
q 0 0 0 rg BT 137.62 200.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 144.61 200.10 Td (can ) Tj ET Q
q 0 0 0 rg BT 161.51 200.10 Td (recover ) Tj ET Q
q 0 0 0 rg BT 195.32 200.10 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 236.14 200.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 296.79 200.10 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 334.69 200.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 345.19 200.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 352.18 200.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 382.50 200.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 425.06 200.10 Td (of) Tj ET Q
q 0 0 0 rg BT 433.62 200.10 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 455.19 200.10 Td (where ) Tj ET Q
q 0 0 0 rg BT 483.17 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 498.33 200.10 Td (of) Tj ET Q
q 0 0 0 rg BT 506.89 200.10 Td (ficer) Tj ET Q
q 0 0 0 rg BT 526.51 200.10 Td (�) Tj ET Q
q 0 0 0 rg BT 529.43 200.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 535.85 200.10 Td (fraud ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.87 187.50 Td (willful ) Tj ET Q
q 0 0 0 rg BT 91.50 187.50 Td (misconduct ) Tj ET Q
q 0 0 0 rg BT 142.53 187.50 Td (led ) Tj ET Q
q 0 0 0 rg BT 157.98 187.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 168.78 187.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 176.06 187.50 Td (material ) Tj ET Q
q 0 0 0 rg BT 213.09 187.50 Td (restatement ) Tj ET Q
q 0 0 0 rg BT 264.11 187.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 275.48 187.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 314.83 187.50 Td (results ) Tj ET Q
q 0 0 0 rg BT 344.87 187.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 356.25 187.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 365.28 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.74 187.50 Td (executive ) Tj ET Q
q 0 0 0 rg BT 423.59 187.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 433.22 187.50 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 480.74 187.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 495.61 187.50 Td (cause.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.30 Td (Review ) Tj ET Q
q 0 0 0 rg BT 83.67 162.30 Td (T) Tj ET Q
q 0 0 0 rg BT 89.71 162.30 Td (ally ) Tj ET Q
q 0 0 0 rg BT 107.67 162.30 Td (Sheets. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 140.52 162.30 Td (W) Tj ET Q
q 0 0 0 rg BT 149.59 162.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 155.88 162.30 Td (review ) Tj ET Q
q 0 0 0 rg BT 186.08 162.30 Td (tally ) Tj ET Q
q 0 0 0 rg BT 206.37 162.30 Td (sheets ) Tj ET Q
q 0 0 0 rg BT 233.67 162.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 260.96 162.30 Td (provide ) Tj ET Q
q 0 0 0 rg BT 294.67 162.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 300.96 162.30 Td (comprehensive ) Tj ET Q
q 0 0 0 rg BT 366.15 162.30 Td (view ) Tj ET Q
q 0 0 0 rg BT 388.19 162.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 398.57 162.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 410.11 162.30 Td (executive�) Tj ET Q
q 0 0 0 rg BT 453.26 162.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 458.98 162.30 Td (historical ) Tj ET Q
q 0 0 0 rg BT 499.68 162.30 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 149.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 96.16 149.70 Td (holdings ) Tj ET Q
q 0 0 0 rg BT 134.95 149.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 149.82 149.70 Td (each ) Tj ET Q
q 0 0 0 rg BT 171.68 149.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 183.05 149.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 199.67 149.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 242.52 149.70 Td (of) Tj ET Q
q 0 0 0 rg BT 251.08 149.70 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 277.02 149.70 Td (prior ) Tj ET Q
q 0 0 0 rg BT 300.06 149.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 310.85 149.70 Td (making ) Tj ET Q
q 0 0 0 rg BT 344.97 149.70 Td (annual ) Tj ET Q
q 0 0 0 rg BT 375.59 149.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 418.44 149.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 479.38 149.70 Td (decisions.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (Stockholder) Tj ET Q
q 0 0 0 rg BT 103.57 124.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 105.66 124.50 Td (Engagement. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 166.38 124.50 Td (W) Tj ET Q
q 0 0 0 rg BT 175.45 124.50 Td (e ) Tj ET Q
q 0 0 0 rg BT 182.21 124.50 Td (engage ) Tj ET Q
q 0 0 0 rg BT 214.04 124.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 234.80 124.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 250.90 124.50 Td (top ) Tj ET Q
q 0 0 0 rg BT 266.41 124.50 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 321.59 124.50 Td (outside ) Tj ET Q
q 0 0 0 rg BT 354.01 124.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 364.86 124.50 Td (proxy ) Tj ET Q
q 0 0 0 rg BT 391.45 124.50 Td (season ) Tj ET Q
q 0 0 0 rg BT 421.54 124.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 431.81 124.50 Td (gain ) Tj ET Q
q 0 0 0 rg BT 451.98 124.50 Td (insights ) Tj ET Q
q 0 0 0 rg BT 486.76 124.50 Td (about ) Tj ET Q
q 0 0 0 rg BT 512.18 124.50 Td (their ) Tj ET Q
q 0 0 0 rg BT 533.52 124.50 Td (views ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 63.28 111.90 Td (helpful ) Tj ET Q
q 0 0 0 rg BT 96.30 111.90 Td (disclosures ) Tj ET Q
q 0 0 0 rg BT 146.24 111.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 164.68 111.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 208.19 111.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 269.79 111.90 Td (generally) Tj ET Q
q 0 0 0 rg BT 308.17 111.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 314.08 111.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.52 111.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 349.80 111.90 Td (practices ) Tj ET Q
q 0 0 0 rg BT 390.39 111.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 408.83 111.90 Td (outcomes ) Tj ET Q
q 0 0 0 rg BT 452.35 111.90 Td (specifically) Tj ET Q
q 0 0 0 rg BT 500.06 111.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 505.97 111.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 524.41 111.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 535.85 111.90 Td (share ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (information ) Tj ET Q
q 0 0 0 rg BT 100.67 99.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 118.01 99.30 Td (we ) Tj ET Q
q 0 0 0 rg BT 131.85 99.30 Td (think ) Tj ET Q
q 0 0 0 rg BT 155.03 99.30 Td (might ) Tj ET Q
q 0 0 0 rg BT 181.12 99.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 192.63 99.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.97 99.30 Td (interest ) Tj ET Q
q 0 0 0 rg BT 235.47 99.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 245.23 99.30 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 299.90 99.30 Td (about ) Tj ET Q
q 0 0 0 rg BT 324.83 99.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 340.42 99.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 400.33 99.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 417.09 99.30 Td (governance ) Tj ET Q
q 0 0 0 rg BT 467.07 99.30 Td (practices ) Tj ET Q
q 0 0 0 rg BT 505.98 99.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 522.73 99.30 Td (policies.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.10 Td (Pr) Tj ET Q
q 0 0 0 rg BT 60.38 74.10 Td (ohibit ) Tj ET Q
q 0 0 0 rg BT 89.45 74.10 Td (Hedging ) Tj ET Q
q 0 0 0 rg BT 130.17 74.10 Td (or) Tj ET Q
q 0 0 0 rg BT 139.90 74.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 142.70 74.10 Td (Pledging. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 187.21 74.10 Td (W) Tj ET Q
q 0 0 0 rg BT 196.28 74.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 203.75 74.10 Td (prohibit ) Tj ET Q
q 0 0 0 rg BT 239.80 74.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 256.59 74.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 299.62 74.10 Td (of) Tj ET Q
q 0 0 0 rg BT 308.18 74.10 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 334.30 74.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 345.85 74.10 Td (directors ) Tj ET Q
q 0 0 0 rg BT 385.39 74.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 403.35 74.10 Td (their ) Tj ET Q
q 0 0 0 rg BT 425.39 74.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 456.76 74.10 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 496.30 74.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 519.51 74.10 Td (engaging ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.32 61.50 Td (pledging ) Tj ET Q
q 0 0 0 rg BT 97.72 61.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 108.12 61.50 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 159.92 61.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 177.32 61.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 198.79 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.27 61.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 221.24 61.50 Td (fect ) Tj ET Q
q 0 0 0 rg BT 238.63 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 249.03 61.50 Td (hedging ) Tj ET Q
q 0 0 0 rg BT 284.51 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.99 61.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 329.80 61.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 354.19 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 364.59 61.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 387.81 61.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 418.05 61.50 Td (securities ) Tj ET Q
q 0 0 0 rg BT 459.35 61.50 Td (without ) Tj ET Q
q 0 0 0 rg BT 493.09 61.50 Td (board ) Tj ET Q
q 0 0 0 rg BT 518.65 61.50 Td (approval.) Tj ET Q
endstream
endobj
311 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 312 0 R>>
endobj
312 0 obj
<</Length 28111>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (153) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (What ) Tj ET Q
q 0 0 0 rg BT 77.02 741.90 Td (W) Tj ET Q
q 0 0 0 rg BT 86.94 741.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 94.23 741.90 Td (Don�t ) Tj ET Q
q 0 0 0 rg BT 122.52 741.90 Td (Do) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (No ) Tj ET Q
q 0 0 0 rg BT 66.86 716.70 Td (Repricings. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 122.42 716.70 Td (Our ) Tj ET Q
q 0 0 0 rg BT 143.27 716.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 169.96 716.70 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 212.96 716.70 Td (plans ) Tj ET Q
q 0 0 0 rg BT 239.65 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 259.33 716.70 Td (NYSE ) Tj ET Q
q 0 0 0 rg BT 291.28 716.70 Td (Listing ) Tj ET Q
q 0 0 0 rg BT 325.55 716.70 Td (Standards ) Tj ET Q
q 0 0 0 rg BT 371.49 716.70 Td (prohibit ) Tj ET Q
q 0 0 0 rg BT 409.26 716.70 Td (us ) Tj ET Q
q 0 0 0 rg BT 423.12 716.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 448.05 716.70 Td (repricing ) Tj ET Q
q 0 0 0 rg BT 490.47 716.70 Td (options ) Tj ET Q
q 0 0 0 rg BT 525.92 716.70 Td (without ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 101.11 704.10 Td (approval.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (No ) Tj ET Q
q 0 0 0 rg BT 64.83 678.90 Td (Income ) Tj ET Q
q 0 0 0 rg BT 100.40 678.90 Td (T) Tj ET Q
q 0 0 0 rg BT 106.44 678.90 Td (ax ) Tj ET Q
q 0 0 0 rg BT 119.43 678.90 Td (Gr) Tj ET Q
q 0 0 0 rg BT 132.07 678.90 Td (oss-ups. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 169.88 678.90 Td (W) Tj ET Q
q 0 0 0 rg BT 178.95 678.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 186.11 678.90 Td (do ) Tj ET Q
q 0 0 0 rg BT 199.11 678.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 215.03 678.90 Td (provide ) Tj ET Q
q 0 0 0 rg BT 249.60 678.90 Td (income ) Tj ET Q
q 0 0 0 rg BT 283.01 678.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 298.34 678.90 Td (gross-ups ) Tj ET Q
q 0 0 0 rg BT 341.09 678.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 355.83 678.90 Td (personal ) Tj ET Q
q 0 0 0 rg BT 393.90 678.90 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 429.64 678.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 453.72 678.90 Td (than ) Tj ET Q
q 0 0 0 rg BT 474.29 678.90 Td (relocation ) Tj ET Q
q 0 0 0 rg BT 518.77 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 536.43 678.90 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (broad-based ) Tj ET Q
q 0 0 0 rg BT 103.44 666.30 Td (benefits.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (No ) Tj ET Q
q 0 0 0 rg BT 64.96 641.10 Td (Excise ) Tj ET Q
q 0 0 0 rg BT 95.97 641.10 Td (T) Tj ET Q
q 0 0 0 rg BT 102.01 641.10 Td (ax ) Tj ET Q
q 0 0 0 rg BT 115.14 641.10 Td (Gr) Tj ET Q
q 0 0 0 rg BT 127.77 641.10 Td (oss-ups. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 165.71 641.10 Td (W) Tj ET Q
q 0 0 0 rg BT 174.78 641.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 182.07 641.10 Td (do ) Tj ET Q
q 0 0 0 rg BT 195.19 641.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 211.23 641.10 Td (provide ) Tj ET Q
q 0 0 0 rg BT 245.93 641.10 Td (excise ) Tj ET Q
q 0 0 0 rg BT 274.79 641.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 290.25 641.10 Td (gross-ups ) Tj ET Q
q 0 0 0 rg BT 333.12 641.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 347.99 641.10 Td (change ) Tj ET Q
q 0 0 0 rg BT 380.35 641.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 391.14 641.10 Td (control ) Tj ET Q
q 0 0 0 rg BT 423.51 641.10 Td (benefits.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (No ) Tj ET Q
q 0 0 0 rg BT 65.19 615.90 Td (Established ) Tj ET Q
q 0 0 0 rg BT 119.98 615.90 Td (Pr) Tj ET Q
q 0 0 0 rg BT 130.87 615.90 Td (ogram ) Tj ET Q
q 0 0 0 rg BT 162.88 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 174.49 615.90 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 221.08 615.90 Td (Per) Tj ET Q
q 0 0 0 rg BT 236.63 615.90 Td (quisites. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 275.96 615.90 Td (W) Tj ET Q
q 0 0 0 rg BT 285.03 615.90 Td (e ) Tj ET Q
q 0 0 0 rg BT 292.54 615.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 315.22 615.90 Td (no ) Tj ET Q
q 0 0 0 rg BT 328.58 615.90 Td (established ) Tj ET Q
q 0 0 0 rg BT 378.09 615.90 Td (program ) Tj ET Q
q 0 0 0 rg BT 416.52 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 428.12 615.90 Td (perquisites ) Tj ET Q
q 0 0 0 rg BT 476.47 615.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 487.50 615.90 Td (provide ) Tj ET Q
q 0 0 0 rg BT 522.43 615.90 Td (personal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 85.36 603.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 96.16 603.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 112.78 603.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 155.63 603.30 Td (of) Tj ET Q
q 0 0 0 rg BT 164.19 603.30 Td (ficers.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 95.86 578.10 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 163.25 578.10 Td (Pr) Tj ET Q
q 0 0 0 rg BT 174.13 578.10 Td (ogram ) Tj ET Q
q 0 0 0 rg BT 205.92 578.10 Td (Objectives) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (Overall) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (Our ) Tj ET Q
q 0 0 0 rg BT 69.03 540.30 Td (named ) Tj ET Q
q 0 0 0 rg BT 100.23 540.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 143.66 540.30 Td (of) Tj ET Q
q 0 0 0 rg BT 152.22 540.30 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 174.65 540.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 236.18 540.30 Td (programs ) Tj ET Q
q 0 0 0 rg BT 279.04 540.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 295.06 540.30 Td (designed ) Tj ET Q
q 0 0 0 rg BT 335.59 540.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 346.97 540.30 Td (attract, ) Tj ET Q
q 0 0 0 rg BT 379.03 540.30 Td (incent, ) Tj ET Q
q 0 0 0 rg BT 410.51 540.30 Td (retain ) Tj ET Q
q 0 0 0 rg BT 437.62 540.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 455.98 540.30 Td (reward ) Tj ET Q
q 0 0 0 rg BT 488.34 540.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.37 540.30 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (talent ) Tj ET Q
q 0 0 0 rg BT 75.46 527.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 93.84 527.70 Td (we ) Tj ET Q
q 0 0 0 rg BT 108.73 527.70 Td (need ) Tj ET Q
q 0 0 0 rg BT 131.19 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 141.99 527.70 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 181.37 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.17 527.70 Td (strengthen ) Tj ET Q
q 0 0 0 rg BT 245.54 527.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 262.18 527.70 Td (position ) Tj ET Q
q 0 0 0 rg BT 298.66 527.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 309.46 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.93 527.70 Td (asset ) Tj ET Q
q 0 0 0 rg BT 347.98 527.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 404.26 527.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 442.48 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 460.28 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 471.09 527.70 Td (achieve ) Tj ET Q
q 0 0 0 rg BT 505.78 527.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 522.42 527.70 Td (business ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (objectives.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (V) Tj ET Q
q 0 0 0 rg BT 56.12 489.90 Td (ariable ) Tj ET Q
q 0 0 0 rg BT 90.24 489.90 Td (Pay) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (A) Tj ET Q
q 0 0 0 rg BT 56.50 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 58.88 477.30 Td (significant ) Tj ET Q
q 0 0 0 rg BT 105.58 477.30 Td (portion ) Tj ET Q
q 0 0 0 rg BT 138.29 477.30 Td (- ) Tj ET Q
q 0 0 0 rg BT 144.17 477.30 Td (approximately ) Tj ET Q
q 0 0 0 rg BT 207.19 477.30 Td (73-94% ) Tj ET Q
q 0 0 0 rg BT 242.81 477.30 Td (depending ) Tj ET Q
q 0 0 0 rg BT 288.93 477.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 301.81 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 317.01 477.30 Td (named ) Tj ET Q
q 0 0 0 rg BT 347.38 477.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 389.98 477.30 Td (of) Tj ET Q
q 0 0 0 rg BT 398.54 477.30 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 420.15 477.30 Td (- ) Tj ET Q
q 0 0 0 rg BT 426.02 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 437.15 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 452.35 477.30 Td (total ) Tj ET Q
q 0 0 0 rg BT 473.39 477.30 Td (direct ) Tj ET Q
q 0 0 0 rg BT 499.67 477.30 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td (delivered ) Tj ET Q
q 0 0 0 rg BT 91.38 464.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 102.36 464.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 119.17 464.70 Td (named ) Tj ET Q
q 0 0 0 rg BT 149.98 464.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 193.02 464.70 Td (of) Tj ET Q
q 0 0 0 rg BT 201.58 464.70 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 227.71 464.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 237.53 464.70 Td (variable, ) Tj ET Q
q 0 0 0 rg BT 276.78 464.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 305.26 464.70 Td (directly ) Tj ET Q
q 0 0 0 rg BT 340.14 464.70 Td (ties ) Tj ET Q
q 0 0 0 rg BT 357.54 464.70 Td (their ) Tj ET Q
q 0 0 0 rg BT 379.60 464.70 Td (pay ) Tj ET Q
q 0 0 0 rg BT 397.57 464.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 408.55 464.70 Td (their ) Tj ET Q
q 0 0 0 rg BT 430.61 464.70 Td (individual ) Tj ET Q
q 0 0 0 rg BT 476.01 464.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 531.87 464.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 549.85 464.70 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 452.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 120.63 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.00 452.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 148.62 452.10 Td (company) Tj ET Q
q 0 0 0 rg BT 186.43 452.10 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (Our) Tj ET Q
q 0 0 0 rg BT 67.98 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 70.60 426.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 137.99 426.90 Td (Principles) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.45 401.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 129.40 401.70 Td (programs ) Tj ET Q
q 0 0 0 rg BT 171.68 401.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 186.55 401.70 Td (named ) Tj ET Q
q 0 0 0 rg BT 217.17 401.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 260.02 401.70 Td (of) Tj ET Q
q 0 0 0 rg BT 268.57 401.70 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 294.52 401.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 309.96 401.70 Td (guided ) Tj ET Q
q 0 0 0 rg BT 341.16 401.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 354.29 401.70 Td (three ) Tj ET Q
q 0 0 0 rg BT 377.90 401.70 Td (basic ) Tj ET Q
q 0 0 0 rg BT 402.10 401.70 Td (principles:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (Link ) Tj ET Q
q 0 0 0 rg BT 72.44 376.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 135.63 376.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 145.71 376.50 Td (performance. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 207.41 376.50 Td (W) Tj ET Q
q 0 0 0 rg BT 216.48 376.50 Td (e ) Tj ET Q
q 0 0 0 rg BT 222.48 376.50 Td (believe ) Tj ET Q
q 0 0 0 rg BT 254.14 376.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 271.23 376.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 330.90 376.50 Td (levels ) Tj ET Q
q 0 0 0 rg BT 356.73 376.50 Td (should ) Tj ET Q
q 0 0 0 rg BT 386.08 376.50 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 414.23 376.50 Td (performance-both ) Tj ET Q
q 0 0 0 rg BT 490.79 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.96 376.50 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 363.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 85.07 363.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 116.28 363.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.07 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.52 363.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 205.19 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.56 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 232.02 363.90 Td (recipient.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (Align ) Tj ET Q
q 0 0 0 rg BT 76.80 338.70 Td (management�) Tj ET Q
q 0 0 0 rg BT 137.65 338.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 144.53 338.70 Td (inter) Tj ET Q
q 0 0 0 rg BT 165.91 338.70 Td (ests ) Tj ET Q
q 0 0 0 rg BT 185.04 338.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 207.67 338.70 Td (those ) Tj ET Q
q 0 0 0 rg BT 233.79 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 245.33 338.70 Td (stockholders. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 307.34 338.70 Td (W) Tj ET Q
q 0 0 0 rg BT 316.41 338.70 Td (e ) Tj ET Q
q 0 0 0 rg BT 323.86 338.70 Td (seek ) Tj ET Q
q 0 0 0 rg BT 345.31 338.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 356.27 338.70 Td (implement ) Tj ET Q
q 0 0 0 rg BT 403.97 338.70 Td (programs ) Tj ET Q
q 0 0 0 rg BT 446.43 338.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 464.96 338.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 484.09 338.70 Td (encourage ) Tj ET Q
q 0 0 0 rg BT 530.02 338.70 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 92.29 326.10 Td (of) Tj ET Q
q 0 0 0 rg BT 100.84 326.10 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 126.72 326.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 137.45 326.10 Td (remain ) Tj ET Q
q 0 0 0 rg BT 169.16 326.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 190.38 326.10 Td (us ) Tj ET Q
q 0 0 0 rg BT 202.28 326.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 220.00 326.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 230.72 326.10 Td (increase ) Tj ET Q
q 0 0 0 rg BT 267.68 326.10 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 311.64 326.10 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 363.19 326.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 388.49 326.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 401.54 326.10 Td (providing ) Tj ET Q
q 0 0 0 rg BT 444.94 326.10 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 497.06 326.10 Td (compensation. ) Tj ET Q
q 0 0 0 rg BT 560.63 326.10 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.50 Td (Although ) Tj ET Q
q 0 0 0 rg BT 92.37 313.50 Td (prevented ) Tj ET Q
q 0 0 0 rg BT 136.96 313.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 150.66 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.68 313.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 183.99 313.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 199.89 313.50 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 249.73 313.50 Td (this ) Tj ET Q
q 0 0 0 rg BT 268.10 313.50 Td (year) Tj ET Q
q 0 0 0 rg BT 285.75 313.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 291.57 313.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 307.01 313.50 Td (also ) Tj ET Q
q 0 0 0 rg BT 327.12 313.50 Td (granted ) Tj ET Q
q 0 0 0 rg BT 361.81 313.50 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 406.41 313.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 435.85 313.50 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 477.54 313.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 510.47 313.50 Td (annually ) Tj ET Q
q 0 0 0 rg BT 549.83 313.50 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td (prior ) Tj ET Q
q 0 0 0 rg BT 72.54 300.90 Td (years.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (Maintain ) Tj ET Q
q 0 0 0 rg BT 93.34 275.70 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 147.66 275.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 211.91 275.70 Td (levels. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 241.45 275.70 Td (W) Tj ET Q
q 0 0 0 rg BT 250.52 275.70 Td (e ) Tj ET Q
q 0 0 0 rg BT 257.60 275.70 Td (strive ) Tj ET Q
q 0 0 0 rg BT 283.34 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 293.93 275.70 Td (of) Tj ET Q
q 0 0 0 rg BT 302.49 275.70 Td (fer ) Tj ET Q
q 0 0 0 rg BT 316.56 275.70 Td (programs ) Tj ET Q
q 0 0 0 rg BT 358.64 275.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 376.21 275.70 Td (levels ) Tj ET Q
q 0 0 0 rg BT 403.13 275.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 414.29 275.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 475.03 275.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 493.19 275.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 508.43 275.70 Td (competitive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 71.44 263.10 Td (those ) Tj ET Q
q 0 0 0 rg BT 96.87 263.10 Td (of) Tj ET Q
q 0 0 0 rg BT 105.43 263.10 Td (fered ) Tj ET Q
q 0 0 0 rg BT 130.26 263.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 144.03 263.10 Td (comparable ) Tj ET Q
q 0 0 0 rg BT 196.27 263.10 Td (companies ) Tj ET Q
q 0 0 0 rg BT 244.44 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 255.88 263.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 273.14 263.10 Td (industry ) Tj ET Q
q 0 0 0 rg BT 310.83 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 322.27 263.10 Td (order ) Tj ET Q
q 0 0 0 rg BT 347.69 263.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 359.13 263.10 Td (attract, ) Tj ET Q
q 0 0 0 rg BT 391.25 263.10 Td (retain ) Tj ET Q
q 0 0 0 rg BT 418.42 263.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 436.85 263.10 Td (reward ) Tj ET Q
q 0 0 0 rg BT 469.27 263.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 486.53 263.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 517.79 263.10 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.50 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 250.50 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 86.63 250.50 Td (but ) Tj ET Q
q 0 0 0 rg BT 102.67 250.50 Td (always ) Tj ET Q
q 0 0 0 rg BT 134.45 250.50 Td (framed ) Tj ET Q
q 0 0 0 rg BT 166.81 250.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 177.60 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.05 250.50 Td (context ) Tj ET Q
q 0 0 0 rg BT 226.58 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 237.96 250.50 Td (performance) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (Pay ) Tj ET Q
q 0 0 0 rg BT 69.04 225.30 Td (For) Tj ET Q
q 0 0 0 rg BT 85.17 225.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 87.80 225.30 Td (Performance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.70 Td (Linking ) Tj ET Q
q 0 0 0 rg BT 86.98 212.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 149.53 212.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 161.93 212.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 219.21 212.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 230.45 212.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 239.34 212.70 Td (fundamental ) Tj ET Q
q 0 0 0 rg BT 296.06 212.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 323.03 212.70 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 372.75 212.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 390.98 212.70 Td (named ) Tj ET Q
q 0 0 0 rg BT 423.20 212.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 467.66 212.70 Td (of) Tj ET Q
q 0 0 0 rg BT 476.22 212.70 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 499.68 212.70 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (practices. ) Tj ET Q
q 0 0 0 rg BT 92.29 200.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 111.69 200.10 Td (annual ) Tj ET Q
q 0 0 0 rg BT 142.76 200.10 Td (incentives ) Tj ET Q
q 0 0 0 rg BT 188.40 200.10 Td (\(including ) Tj ET Q
q 0 0 0 rg BT 234.64 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.54 200.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 288.59 200.10 Td (cash ) Tj ET Q
q 0 0 0 rg BT 310.32 200.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 343.14 200.10 Td (granted ) Tj ET Q
q 0 0 0 rg BT 377.70 200.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 393.02 200.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 418.83 200.10 Td (2020\) ) Tj ET Q
q 0 0 0 rg BT 446.41 200.10 Td (paid ) Tj ET Q
q 0 0 0 rg BT 467.56 200.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 478.80 200.10 Td (each ) Tj ET Q
q 0 0 0 rg BT 501.11 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 512.94 200.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 530.01 200.10 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (executive ) Tj ET Q
q 0 0 0 rg BT 92.79 187.50 Td (of) Tj ET Q
q 0 0 0 rg BT 101.35 187.50 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 127.73 187.50 Td (vary ) Tj ET Q
q 0 0 0 rg BT 149.45 187.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 171.19 187.50 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 229.93 187.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 272.65 187.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 289.71 187.50 Td (annual ) Tj ET Q
q 0 0 0 rg BT 320.77 187.50 Td (financial ) Tj ET Q
q 0 0 0 rg BT 360.56 187.50 Td (results. ) Tj ET Q
q 0 0 0 rg BT 393.67 187.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 405.48 187.50 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 445.58 187.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 456.81 187.50 Td (prior ) Tj ET Q
q 0 0 0 rg BT 480.29 187.50 Td (years, ) Tj ET Q
q 0 0 0 rg BT 508.13 187.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 515.86 187.50 Td (portion ) Tj ET Q
q 0 0 0 rg BT 549.25 187.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (those ) Tj ET Q
q 0 0 0 rg BT 74.71 174.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 104.00 174.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 136.78 174.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 156.15 174.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 177.27 174.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 188.48 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 204.35 174.90 Td (form ) Tj ET Q
q 0 0 0 rg BT 227.81 174.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.60 174.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 295.69 174.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 320.89 174.90 Td (units. ) Tj ET Q
q 0 0 0 rg BT 346.97 174.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 349.80 174.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 369.17 174.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 425.26 174.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 450.46 174.90 Td (units ) Tj ET Q
q 0 0 0 rg BT 473.92 174.90 Td (issued ) Tj ET Q
q 0 0 0 rg BT 503.21 174.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 514.42 174.90 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 538.47 174.90 Td (vest, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.53 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.22 162.30 Td (number ) Tj ET Q
q 0 0 0 rg BT 118.17 162.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 129.78 162.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 158.89 162.30 Td (payable ) Tj ET Q
q 0 0 0 rg BT 194.40 162.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 204.85 162.30 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 238.05 162.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 247.92 162.30 Td (determined, ) Tj ET Q
q 0 0 0 rg BT 300.64 162.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 327.42 162.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 340.78 162.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 365.23 162.30 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 396.73 162.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 403.68 162.30 Td (relative ) Tj ET Q
q 0 0 0 rg BT 438.03 162.30 Td (total ) Tj ET Q
q 0 0 0 rg BT 459.56 162.30 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 511.42 162.30 Td (return ) Tj ET Q
q 0 0 0 rg BT 539.35 162.30 Td (over ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.72 149.70 Td (three-year ) Tj ET Q
q 0 0 0 rg BT 111.67 149.70 Td (period ) Tj ET Q
q 0 0 0 rg BT 141.89 149.70 Td (after ) Tj ET Q
q 0 0 0 rg BT 164.52 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.75 149.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 213.88 149.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 237.68 149.70 Td (made. ) Tj ET Q
q 0 0 0 rg BT 266.44 149.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 269.59 149.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 289.31 149.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 345.76 149.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 371.31 149.70 Td (units ) Tj ET Q
q 0 0 0 rg BT 395.12 149.70 Td (issued ) Tj ET Q
q 0 0 0 rg BT 424.77 149.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 436.34 149.70 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 460.73 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 479.29 149.70 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 503.69 149.70 Td (vest, ) Tj ET Q
q 0 0 0 rg BT 526.62 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 545.18 149.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (number ) Tj ET Q
q 0 0 0 rg BT 84.61 137.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 96.39 137.10 Td (shares ) Tj ET Q
q 0 0 0 rg BT 125.67 137.10 Td (payable ) Tj ET Q
q 0 0 0 rg BT 161.35 137.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 171.97 137.10 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 205.33 137.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 215.37 137.10 Td (determined, ) Tj ET Q
q 0 0 0 rg BT 268.26 137.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 295.21 137.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 308.74 137.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 333.35 137.10 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 364.85 137.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 371.97 137.10 Td (relative ) Tj ET Q
q 0 0 0 rg BT 406.49 137.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 428.19 137.10 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 480.21 137.10 Td (return ) Tj ET Q
q 0 0 0 rg BT 508.32 137.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.51 137.10 Td (relative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (or) Tj ET Q
q 0 0 0 rg BT 58.06 124.50 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 83.42 124.50 Td (growth ) Tj ET Q
q 0 0 0 rg BT 115.79 124.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 134.15 124.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 145.52 124.50 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 188.98 124.50 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 216.10 124.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 237.39 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 252.84 124.50 Td (three-year ) Tj ET Q
q 0 0 0 rg BT 298.01 124.50 Td (period ) Tj ET Q
q 0 0 0 rg BT 327.46 124.50 Td (after ) Tj ET Q
q 0 0 0 rg BT 349.32 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.77 124.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 397.14 124.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 420.16 124.50 Td (made. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.15 99.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 92.95 99.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 119.64 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 135.53 99.30 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 185.25 99.30 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 221.55 99.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 229.27 99.30 Td (new ) Tj ET Q
q 0 0 0 rg BT 249.83 99.30 Td (framework ) Tj ET Q
q 0 0 0 rg BT 298.95 99.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 314.26 99.30 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 361.06 99.30 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 419.79 99.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 433.35 99.30 Td (dividing ) Tj ET Q
q 0 0 0 rg BT 471.42 99.30 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 505.39 99.30 Td (among ) Tj ET Q
q 0 0 0 rg BT 537.03 99.30 Td (three ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.70 Td (categories ) Tj ET Q
q 0 0 0 rg BT 94.76 86.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 112.63 86.70 Td (weighting ) Tj ET Q
q 0 0 0 rg BT 157.32 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 172.85 86.70 Td (categories ) Tj ET Q
q 0 0 0 rg BT 218.12 86.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 229.57 86.70 Td (follows: ) Tj ET Q
q 0 0 0 rg BT 266.69 86.70 Td (financial ) Tj ET Q
q 0 0 0 rg BT 306.12 86.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 361.87 86.70 Td (\(60%\), ) Tj ET Q
q 0 0 0 rg BT 393.44 86.70 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 429.38 86.70 Td (& ) Tj ET Q
q 0 0 0 rg BT 440.25 86.70 Td (af) Tj ET Q
q 0 0 0 rg BT 448.22 86.70 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 475.41 86.70 Td (relationships ) Tj ET Q
q 0 0 0 rg BT 531.77 86.70 Td (\(30%\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.12 74.10 Td (or) Tj ET Q
q 0 0 0 rg BT 75.68 74.10 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 129.45 74.10 Td (health ) Tj ET Q
q 0 0 0 rg BT 157.57 74.10 Td (\(10%\). ) Tj ET Q
q 0 0 0 rg BT 188.90 74.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 191.36 74.10 Td (Individual ) Tj ET Q
q 0 0 0 rg BT 236.98 74.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 292.49 74.10 Td (tar) Tj ET Q
q 0 0 0 rg BT 303.37 74.10 Td (gets ) Tj ET Q
q 0 0 0 rg BT 322.75 74.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 345.61 74.10 Td (established ) Tj ET Q
q 0 0 0 rg BT 394.73 74.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 409.43 74.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.72 74.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 467.41 74.10 Td (of) Tj ET Q
q 0 0 0 rg BT 475.97 74.10 Td (ficers. ) Tj ET Q
q 0 0 0 rg BT 504.37 74.10 Td (Performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 68.80 61.50 Td (evaluated ) Tj ET Q
q 0 0 0 rg BT 112.00 61.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 123.15 61.50 Td (each ) Tj ET Q
q 0 0 0 rg BT 145.35 61.50 Td (category ) Tj ET Q
q 0 0 0 rg BT 184.47 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 196.19 61.50 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 230.07 61.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 240.62 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.43 61.50 Td (end ) Tj ET Q
q 0 0 0 rg BT 274.56 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 286.28 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.08 61.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 327.79 61.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 348.84 61.50 Td (payment ) Tj ET Q
q 0 0 0 rg BT 387.97 61.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 407.27 61.50 Td (determined ) Tj ET Q
q 0 0 0 rg BT 457.47 61.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 484.36 61.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 497.83 61.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 505.46 61.50 Td (payout ) Tj ET Q
q 0 0 0 rg BT 537.02 61.50 Td (scale ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.90 Td (between ) Tj ET Q
q 0 0 0 rg BT 87.11 48.90 Td (0) Tj ET Q
/GS0 gs
q 3.82 0 0 10.55 92.36 46.63 cm
/I42 Do Q
q 0 0 0 rg BT 96.18 48.90 Td (150%.) Tj ET Q
endstream
endobj
313 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 314 0 R>>
endobj
314 0 obj
<</Length 32390>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (154) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.78 741.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 88.39 741.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 113.08 741.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 133.10 741.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 156.05 741.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 216.32 741.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 236.35 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 246.47 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 262.41 741.75 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 287.69 741.75 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 331.62 741.75 Td (Of) Tj ET Q
q 0 0 0 rg BT 342.51 741.75 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 363.70 741.75 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 396.54 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 412.49 741.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 451.17 741.75 Td (results, ) Tj ET Q
q 0 0 0 rg BT 483.16 741.75 Td (while ) Tj ET Q
q 0 0 0 rg BT 508.44 741.75 Td (recognizing ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 66.57 729.15 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 90.49 729.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 98.83 729.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 156.12 729.15 Td (against ) Tj ET Q
q 0 0 0 rg BT 190.11 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 207.19 729.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 233.01 729.15 Td (two ) Tj ET Q
q 0 0 0 rg BT 253.00 729.15 Td (categories ) Tj ET Q
q 0 0 0 rg BT 299.81 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 312.80 729.15 Td (metrics, ) Tj ET Q
q 0 0 0 rg BT 350.58 729.15 Td (after ) Tj ET Q
q 0 0 0 rg BT 374.06 729.15 Td (applying ) Tj ET Q
q 0 0 0 rg BT 415.05 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 432.13 729.15 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 474.86 729.15 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 510.02 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 529.42 729.15 Td (payout ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (framework ) Tj ET Q
q 0 0 0 rg BT 97.81 716.55 Td (described ) Tj ET Q
q 0 0 0 rg BT 140.28 716.55 Td (above. ) Tj ET Q
q 0 0 0 rg BT 170.22 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 172.31 716.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 190.87 716.55 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 240.45 716.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 246.78 716.55 Td (decision ) Tj ET Q
q 0 0 0 rg BT 284.02 716.55 Td (making ) Tj ET Q
q 0 0 0 rg BT 317.76 716.55 Td (also ) Tj ET Q
q 0 0 0 rg BT 336.92 716.55 Td (reflects ) Tj ET Q
q 0 0 0 rg BT 370.06 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 385.13 716.55 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 436.37 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 446.78 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 461.85 716.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 522.41 716.55 Td (amounts ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 69.98 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 82.87 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 100.43 703.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 139.56 703.95 Td (results ) Tj ET Q
q 0 0 0 rg BT 169.37 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.51 703.95 Td (peer ) Tj ET Q
q 0 0 0 rg BT 200.98 703.95 Td (companies ) Tj ET Q
q 0 0 0 rg BT 248.28 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 258.84 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.07 703.95 Td (asset ) Tj ET Q
q 0 0 0 rg BT 296.88 703.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 352.92 703.95 Td (industry) Tj ET Q
q 0 0 0 rg BT 386.65 703.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 391.50 703.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 410.23 703.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 435.36 703.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 455.83 703.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 479.22 703.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 539.94 703.95 Td (paid ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.39 691.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 77.12 691.35 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 100.84 691.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 119.90 691.35 Td (down ) Tj ET Q
q 0 0 0 rg BT 145.96 691.35 Td (2% ) Tj ET Q
q 0 0 0 rg BT 162.68 691.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 174.15 691.35 Td (compared ) Tj ET Q
q 0 0 0 rg BT 218.28 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 229.17 691.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 254.63 691.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 275.43 691.35 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 299.15 691.35 Td (compensation. ) Tj ET Q
q 0 0 0 rg BT 362.63 691.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 381.68 691.35 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 431.07 691.35 Td (compared ) Tj ET Q
q 0 0 0 rg BT 475.19 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.75 691.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 516.21 691.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 537.00 691.35 Td (2020 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 70.34 678.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 130.85 678.75 Td (\(salary ) Tj ET Q
q 0 0 0 rg BT 161.60 678.75 Td (plus ) Tj ET Q
q 0 0 0 rg BT 181.28 678.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 221.95 678.75 Td (award\) ) Tj ET Q
q 0 0 0 rg BT 253.28 678.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 273.54 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 283.89 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 300.06 678.75 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 323.25 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 333.60 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 348.61 678.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 369.45 678.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 429.95 678.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 450.21 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 460.56 678.75 Td (chief ) Tj ET Q
q 0 0 0 rg BT 483.73 678.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 526.14 678.75 Td (of) Tj ET Q
q 0 0 0 rg BT 534.70 678.75 Td (ficers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 63.14 666.15 Td (heads ) Tj ET Q
q 0 0 0 rg BT 91.95 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 105.59 666.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 130.90 666.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 189.44 666.15 Td (businesses ) Tj ET Q
q 0 0 0 rg BT 238.68 666.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 251.15 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 268.88 666.15 Td (eight ) Tj ET Q
q 0 0 0 rg BT 294.77 666.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 320.08 666.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 378.62 666.15 Td (competitors ) Tj ET Q
q 0 0 0 rg BT 433.09 666.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 463.65 666.15 Td (had ) Tj ET Q
q 0 0 0 rg BT 483.71 666.15 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 523.02 666.15 Td (reported ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.54 653.55 Td (data ) Tj ET Q
q 0 0 0 rg BT 130.74 653.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 143.96 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.51 653.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 180.89 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 196.43 653.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 245.81 653.55 Td (made ) Tj ET Q
q 0 0 0 rg BT 271.27 653.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 314.21 653.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 375.25 653.55 Td (determinations ) Tj ET Q
q 0 0 0 rg BT 440.37 653.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 450.67 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 466.21 653.55 Td (end ) Tj ET Q
q 0 0 0 rg BT 484.09 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 495.55 653.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 512.27 653.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 537.72 653.55 Td (year) Tj ET Q
q 0 0 0 rg BT 555.37 653.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (out ) Tj ET Q
q 0 0 0 rg BT 66.21 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 78.24 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 94.35 640.95 Td (group ) Tj ET Q
q 0 0 0 rg BT 122.14 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 134.17 640.95 Td (twelve ) Tj ET Q
q 0 0 0 rg BT 165.45 640.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 190.31 640.95 Td (peers ) Tj ET Q
q 0 0 0 rg BT 215.75 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.87 640.95 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 281.82 640.95 Td (used ) Tj ET Q
q 0 0 0 rg BT 304.35 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 319.89 640.95 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 344.17 640.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 405.78 640.95 Td (comparisons, ) Tj ET Q
q 0 0 0 rg BT 464.77 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 483.22 640.95 Td (also ) Tj ET Q
q 0 0 0 rg BT 503.42 640.95 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 545.19 640.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (three-year ) Tj ET Q
q 0 0 0 rg BT 94.67 628.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 115.96 628.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 176.91 628.35 Td (history ) Tj ET Q
q 0 0 0 rg BT 208.70 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 220.07 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 235.53 628.35 Td (twelve-member ) Tj ET Q
q 0 0 0 rg BT 304.04 628.35 Td (peer ) Tj ET Q
q 0 0 0 rg BT 324.73 628.35 Td (group ) Tj ET Q
q 0 0 0 rg BT 351.85 628.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 363.23 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 370.51 628.35 Td (whole.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.09 603.15 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 121.65 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 133.08 603.15 Td (consultation ) Tj ET Q
q 0 0 0 rg BT 187.68 603.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 209.61 603.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 222.80 603.15 Td (independent ) Tj ET Q
q 0 0 0 rg BT 277.38 603.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 338.97 603.15 Td (consultant, ) Tj ET Q
q 0 0 0 rg BT 388.02 603.15 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 421.03 603.15 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 453.47 603.15 Td (Consulting ) Tj ET Q
q 0 0 0 rg BT 502.83 603.15 Td (Group, ) Tj ET Q
q 0 0 0 rg BT 535.55 603.15 Td (LLC, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (considers ) Tj ET Q
q 0 0 0 rg BT 90.53 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.74 590.55 Td (relationship ) Tj ET Q
q 0 0 0 rg BT 155.69 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 172.22 590.55 Td (alignment ) Tj ET Q
q 0 0 0 rg BT 215.59 590.55 Td (between ) Tj ET Q
q 0 0 0 rg BT 251.95 590.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 293.55 590.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 353.25 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 366.87 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 382.24 590.55 Td (named ) Tj ET Q
q 0 0 0 rg BT 411.60 590.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 453.21 590.55 Td (of) Tj ET Q
q 0 0 0 rg BT 461.76 590.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 486.46 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 502.99 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 518.36 590.55 Td (corporate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.73 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 117.07 577.95 Td (reaching ) Tj ET Q
q 0 0 0 rg BT 156.40 577.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 199.81 577.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 261.31 577.95 Td (decisions. ) Tj ET Q
q 0 0 0 rg BT 305.96 577.95 Td (This ) Tj ET Q
q 0 0 0 rg BT 327.81 577.95 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 377.65 577.95 Td (involves ) Tj ET Q
q 0 0 0 rg BT 416.41 577.95 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 476.15 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.08 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.09 577.95 Td (alignment ) Tj ET Q
q 0 0 0 rg BT 549.26 577.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.03 565.35 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 105.53 565.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 112.57 565.35 Td (proposed ) Tj ET Q
q 0 0 0 rg BT 154.02 565.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 197.20 565.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 258.48 565.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 280.10 565.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 292.98 565.35 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 335.57 565.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 391.58 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 403.28 565.35 Td (compared ) Tj ET Q
q 0 0 0 rg BT 447.63 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 458.75 565.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 477.45 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 489.15 565.35 Td (competitor ) Tj ET Q
q 0 0 0 rg BT 537.60 565.35 Td (asset ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 104.71 552.75 Td (companies. ) Tj ET Q
q 0 0 0 rg BT 153.81 552.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 164.12 552.75 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 202.72 552.75 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 234.03 552.75 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 264.77 552.75 Td (conducts ) Tj ET Q
q 0 0 0 rg BT 303.66 552.75 Td (pay ) Tj ET Q
q 0 0 0 rg BT 320.39 552.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 334.20 552.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 388.82 552.75 Td (analyses, ) Tj ET Q
q 0 0 0 rg BT 428.58 552.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 437.72 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 452.12 552.75 Td (request ) Tj ET Q
q 0 0 0 rg BT 484.01 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 494.32 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 508.71 552.75 Td (Committee, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.87 540.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 83.31 540.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 105.19 540.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 116.56 540.15 Td (one ) Tj ET Q
q 0 0 0 rg BT 134.34 540.15 Td (input ) Tj ET Q
q 0 0 0 rg BT 158.55 540.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 173.42 540.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 216.27 540.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 277.22 540.15 Td (decisions.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (Determining ) Tj ET Q
q 0 0 0 rg BT 108.70 514.95 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 155.06 514.95 Td (Compensation) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.63 489.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 137.01 489.75 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 189.68 489.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 196.20 489.75 Td (T) Tj ET Q
q 0 0 0 rg BT 203.02 489.75 Td (imeline) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.71 477.15 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 130.25 477.15 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 179.83 477.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 185.80 477.15 Td (process ) Tj ET Q
q 0 0 0 rg BT 219.18 477.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 256.05 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 262.60 477.15 Td (review ) Tj ET Q
q 0 0 0 rg BT 293.05 477.15 Td (every ) Tj ET Q
q 0 0 0 rg BT 318.25 477.15 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 349.86 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.49 477.15 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 402.02 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 419.06 477.15 Td (peers�) Tj ET Q
q 0 0 0 rg BT 443.93 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 445.81 477.15 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 503.37 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 505.25 477.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 515.88 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 530.60 477.15 Td (course ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.33 464.55 Td (several ) Tj ET Q
q 0 0 0 rg BT 94.14 464.55 Td (meetings ) Tj ET Q
q 0 0 0 rg BT 135.13 464.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 165.62 464.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 191.44 464.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 212.59 464.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 239.30 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 255.20 464.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 304.95 464.55 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 346.51 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 364.75 464.55 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 408.07 464.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 421.06 464.55 Td (updated ) Tj ET Q
q 0 0 0 rg BT 457.38 464.55 Td (process ) Tj ET Q
q 0 0 0 rg BT 491.95 464.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 507.28 464.55 Td (determining ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 92.84 451.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 154.27 451.95 Td (and, ) Tj ET Q
q 0 0 0 rg BT 175.17 451.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 186.44 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.38 451.95 Td (third ) Tj ET Q
q 0 0 0 rg BT 225.33 451.95 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 258.17 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 270.03 451.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 295.88 451.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 322.61 451.95 Td (approved ) Tj ET Q
q 0 0 0 rg BT 364.79 451.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 377.81 451.95 Td (annual ) Tj ET Q
q 0 0 0 rg BT 408.91 451.95 Td (process ) Tj ET Q
q 0 0 0 rg BT 443.51 451.95 Td (featuring ) Tj ET Q
q 0 0 0 rg BT 484.52 451.95 Td (individual ) Tj ET Q
q 0 0 0 rg BT 530.22 451.95 Td (tar) Tj ET Q
q 0 0 0 rg BT 541.10 451.95 Td (gets ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 439.35 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 108.40 439.35 Td (metrics, ) Tj ET Q
q 0 0 0 rg BT 144.56 439.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 155.93 439.35 Td (summarized ) Tj ET Q
q 0 0 0 rg BT 209.87 439.35 Td (below) Tj ET Q
q 0 0 0 rg BT 234.85 439.35 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (Q1:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.00 401.55 Td (Establish ) Tj ET Q
q 0 0 0 rg BT 104.13 401.55 Td (peer ) Tj ET Q
q 0 0 0 rg BT 124.82 401.55 Td (group) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.00 388.95 Td (Establish ) Tj ET Q
q 0 0 0 rg BT 104.13 388.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 145.23 388.95 Td (tar) Tj ET Q
q 0 0 0 rg BT 156.12 388.95 Td (get ) Tj ET Q
q 0 0 0 rg BT 171.57 388.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 184.70 388.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 227.55 388.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 254.08 388.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 267.21 388.95 Td (peer ) Tj ET Q
q 0 0 0 rg BT 287.90 388.95 Td (\(market\) ) Tj ET Q
q 0 0 0 rg BT 326.67 388.95 Td (median, ) Tj ET Q
q 0 0 0 rg BT 362.83 388.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 374.20 388.95 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 424.63 388.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 456.41 388.95 Td (point) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.00 376.35 Td (Establish ) Tj ET Q
q 0 0 0 rg BT 104.13 376.35 Td (pay ) Tj ET Q
q 0 0 0 rg BT 121.91 376.35 Td (mix ) Tj ET Q
q 0 0 0 rg BT 140.87 376.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 158.66 376.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 187.53 376.35 Td (vehicles) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.00 363.75 Td (Establish ) Tj ET Q
q 0 0 0 rg BT 104.13 363.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 159.80 363.75 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 193.33 363.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 219.86 363.75 Td (three ) Tj ET Q
q 0 0 0 rg BT 243.47 363.75 Td (categories ) Tj ET Q
q 0 0 0 rg BT 288.66 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 306.45 363.75 Td (weightings:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.00 351.15 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 104.70 351.15 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 160.96 351.15 Td (\(60%\) ) Tj ET Q
q 0 0 0 rg BT 189.83 351.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 192.45 351.15 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 232.40 351.15 Td (& ) Tj ET Q
q 0 0 0 rg BT 242.61 351.15 Td (Af) Tj ET Q
q 0 0 0 rg BT 253.50 351.15 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 280.62 351.15 Td (Relationships ) Tj ET Q
q 0 0 0 rg BT 340.41 351.15 Td (\(30%\) ) Tj ET Q
q 0 0 0 rg BT 369.27 351.15 Td (Or) Tj ET Q
q 0 0 0 rg BT 380.16 351.15 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 434.10 351.15 Td (Health ) Tj ET Q
q 0 0 0 rg BT 464.71 351.15 Td (\(10%\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (Q1, ) Tj ET Q
q 0 0 0 rg BT 68.17 325.95 Td (Q2 ) Tj ET Q
q 0 0 0 rg BT 84.21 325.95 Td (andQ3:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.00 313.35 Td (Quarterly ) Tj ET Q
q 0 0 0 rg BT 105.86 313.35 Td (review ) Tj ET Q
q 0 0 0 rg BT 137.05 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 148.42 313.35 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 190.69 313.35 Td (performance) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (Q4:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.00 275.55 Td (Assess ) Tj ET Q
q 0 0 0 rg BT 94.21 275.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 149.89 275.55 Td (against ) Tj ET Q
q 0 0 0 rg BT 182.26 275.55 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 215.79 275.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 233.57 275.55 Td (determine ) Tj ET Q
q 0 0 0 rg BT 278.18 275.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 321.03 275.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 342.32 275.55 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 383.43 275.55 Td (awards ) Tj ET Q
q 0 0 0 rg BT 415.79 275.55 Td (ranging ) Tj ET Q
q 0 0 0 rg BT 450.49 275.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 473.53 275.55 Td (0) Tj ET Q
/GS0 gs
q 3.82 0 0 10.55 478.78 273.28 cm
/I43 Do Q
q 0 0 0 rg BT 482.60 275.55 Td (150% ) Tj ET Q
q 0 0 0 rg BT 509.72 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 521.09 275.55 Td (tar) Tj ET Q
q 0 0 0 rg BT 531.98 275.55 Td (gets.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.00 262.95 Td (Developed ) Tj ET Q
q 0 0 0 rg BT 111.11 262.95 Td (alternative ) Tj ET Q
q 0 0 0 rg BT 158.04 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 168.83 262.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 197.70 262.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 230.07 262.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 240.86 262.95 Td (light ) Tj ET Q
q 0 0 0 rg BT 262.74 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 274.11 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 289.56 262.95 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 338.84 262.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 349.64 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.09 262.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 382.39 262.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 397.85 262.95 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 447.12 262.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 460.24 262.95 Td (issuing ) Tj ET Q
q 0 0 0 rg BT 492.63 262.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 521.50 262.95 Td (awards.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.32 237.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 117.47 237.75 Td (uses ) Tj ET Q
q 0 0 0 rg BT 138.05 237.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 145.20 237.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 206.01 237.75 Td (program ) Tj ET Q
q 0 0 0 rg BT 244.07 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 254.73 237.75 Td (determine ) Tj ET Q
q 0 0 0 rg BT 299.21 237.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 326.76 237.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 357.24 237.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 399.96 237.75 Td (of) Tj ET Q
q 0 0 0 rg BT 408.52 237.75 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 430.24 237.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 491.06 237.75 Td (amounts. ) Tj ET Q
q 0 0 0 rg BT 531.76 237.75 Td (Under ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 66.86 225.15 Td (program, ) Tj ET Q
q 0 0 0 rg BT 106.67 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 112.94 225.15 Td (tar) Tj ET Q
q 0 0 0 rg BT 123.82 225.15 Td (get ) Tj ET Q
q 0 0 0 rg BT 138.27 225.15 Td (bonus ) Tj ET Q
q 0 0 0 rg BT 164.96 225.15 Td (pool ) Tj ET Q
q 0 0 0 rg BT 185.24 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 202.02 225.15 Td (participants�) Tj ET Q
q 0 0 0 rg BT 253.72 225.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 255.33 225.15 Td (tar) Tj ET Q
q 0 0 0 rg BT 266.22 225.15 Td (gets ) Tj ET Q
q 0 0 0 rg BT 284.74 225.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 299.17 225.15 Td (established, ) Tj ET Q
q 0 0 0 rg BT 350.07 225.15 Td (along ) Tj ET Q
q 0 0 0 rg BT 375.01 225.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 395.29 225.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 449.95 225.15 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 482.47 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 499.24 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.68 225.15 Td (qualitative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 87.63 212.55 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 121.10 212.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 139.40 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.79 212.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 204.02 212.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 222.91 212.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 239.47 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 250.20 212.55 Td (connection ) Tj ET Q
q 0 0 0 rg BT 298.83 212.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 320.06 212.55 Td (making ) Tj ET Q
q 0 0 0 rg BT 354.11 212.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 414.99 212.55 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 456.63 212.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 466.77 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.16 212.55 Td (end ) Tj ET Q
q 0 0 0 rg BT 499.88 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 511.19 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 526.58 212.55 Td (year) Tj ET Q
q 0 0 0 rg BT 544.07 212.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 549.26 212.55 Td (In ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (establishing ) Tj ET Q
q 0 0 0 rg BT 102.66 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.48 199.95 Td (tar) Tj ET Q
q 0 0 0 rg BT 129.37 199.95 Td (get ) Tj ET Q
q 0 0 0 rg BT 145.19 199.95 Td (bonus ) Tj ET Q
q 0 0 0 rg BT 173.27 199.95 Td (pool, ) Tj ET Q
q 0 0 0 rg BT 197.56 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.38 199.95 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 263.03 199.95 Td (typically ) Tj ET Q
q 0 0 0 rg BT 302.77 199.95 Td (starts ) Tj ET Q
q 0 0 0 rg BT 327.93 199.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 349.59 199.95 Td (peer ) Tj ET Q
q 0 0 0 rg BT 370.65 199.95 Td (median ) Tj ET Q
q 0 0 0 rg BT 404.55 199.95 Td (pay ) Tj ET Q
q 0 0 0 rg BT 422.71 199.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 437.94 199.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 460.17 199.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 503.39 199.95 Td (position, ) Tj ET Q
q 0 0 0 rg BT 542.85 199.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (then ) Tj ET Q
q 0 0 0 rg BT 69.36 187.35 Td (adjusts ) Tj ET Q
q 0 0 0 rg BT 100.31 187.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 117.84 187.35 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 160.43 187.35 Td (amount ) Tj ET Q
q 0 0 0 rg BT 193.71 187.35 Td (based ) Tj ET Q
q 0 0 0 rg BT 219.40 187.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 231.68 187.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 255.04 187.35 Td (factors ) Tj ET Q
q 0 0 0 rg BT 285.39 187.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 306.42 187.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 316.95 187.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 339.14 187.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 358.99 187.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 419.10 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 436.04 187.35 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 467.57 187.35 Td (Brossy�) Tj ET Q
q 0 0 0 rg BT 499.66 187.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 505.52 187.35 Td (expectations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 63.89 174.75 Td (industry ) Tj ET Q
q 0 0 0 rg BT 100.46 174.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 160.93 174.75 Td (changes. ) Tj ET Q
q 0 0 0 rg BT 199.52 174.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 216.25 174.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 241.14 174.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 261.36 174.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 287.13 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.11 174.75 Td (process ) Tj ET Q
q 0 0 0 rg BT 335.75 174.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 350.14 174.75 Td (determining ) Tj ET Q
q 0 0 0 rg BT 403.02 174.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 463.49 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 473.81 174.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 498.70 174.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 521.85 174.75 Td (included ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 62.80 162.15 Td (assignment ) Tj ET Q
q 0 0 0 rg BT 113.43 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.57 162.15 Td (individual ) Tj ET Q
q 0 0 0 rg BT 171.54 162.15 Td (tar) Tj ET Q
q 0 0 0 rg BT 182.42 162.15 Td (gets, ) Tj ET Q
q 0 0 0 rg BT 205.35 162.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 218.65 162.15 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 268.70 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 280.83 162.15 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 322.71 162.15 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 357.00 162.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 375.55 162.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 383.60 162.15 Td (determination ) Tj ET Q
q 0 0 0 rg BT 445.30 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 457.44 162.15 Td (payouts ) Tj ET Q
q 0 0 0 rg BT 493.49 162.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 520.78 162.15 Td (upon ) Tj ET Q
q 0 0 0 rg BT 545.17 162.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 101.91 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.41 149.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 175.21 149.55 Td (against ) Tj ET Q
q 0 0 0 rg BT 210.71 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 229.29 149.55 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 273.53 149.55 Td (metrics. ) Tj ET Q
q 0 0 0 rg BT 312.81 149.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 318.15 149.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 340.22 149.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 392.64 149.55 Td (finalized ) Tj ET Q
q 0 0 0 rg BT 435.12 149.55 Td (determinations ) Tj ET Q
q 0 0 0 rg BT 503.27 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 517.77 149.55 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.45 136.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 125.31 136.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 150.68 136.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 171.37 136.95 Td (end ) Tj ET Q
q 0 0 0 rg BT 189.16 136.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 212.78 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 223.57 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 239.03 136.95 Td (first ) Tj ET Q
q 0 0 0 rg BT 258.57 136.95 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 290.92 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 302.30 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 317.75 136.95 Td (following ) Tj ET Q
q 0 0 0 rg BT 361.21 136.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 386.57 136.95 Td (year) Tj ET Q
q 0 0 0 rg BT 404.06 136.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 409.31 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 411.93 136.95 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (Factors ) Tj ET Q
q 0 0 0 rg BT 85.94 111.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 97.14 111.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 117.27 111.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 184.65 111.75 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 237.32 111.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 244.03 111.75 Td (Decision-Making ) Tj ET Q
q 0 0 0 rg BT 323.07 111.75 Td (Pr) Tj ET Q
q 0 0 0 rg BT 333.96 111.75 Td (ocess) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.68 99.15 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 132.20 99.15 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 181.78 99.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 188.73 99.15 Td (decision ) Tj ET Q
q 0 0 0 rg BT 226.57 99.15 Td (making ) Tj ET Q
q 0 0 0 rg BT 260.93 99.15 Td (process ) Tj ET Q
q 0 0 0 rg BT 295.27 99.15 Td (involves ) Tj ET Q
q 0 0 0 rg BT 333.71 99.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 341.23 99.15 Td (rigorous ) Tj ET Q
q 0 0 0 rg BT 379.09 99.15 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 428.60 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 440.21 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 455.89 99.15 Td (factors ) Tj ET Q
q 0 0 0 rg BT 487.32 99.15 Td (described ) Tj ET Q
q 0 0 0 rg BT 530.41 99.15 Td (below) Tj ET Q
q 0 0 0 rg BT 555.39 99.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 77.79 86.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 93.23 86.55 Td (considered ) Tj ET Q
q 0 0 0 rg BT 141.34 86.55 Td (together ) Tj ET Q
q 0 0 0 rg BT 178.36 86.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 189.16 86.55 Td (result ) Tj ET Q
q 0 0 0 rg BT 215.11 86.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 225.90 86.55 Td (fully ) Tj ET Q
q 0 0 0 rg BT 248.36 86.55 Td (informed ) Tj ET Q
q 0 0 0 rg BT 289.47 86.55 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 331.18 86.55 Td (about ) Tj ET Q
q 0 0 0 rg BT 357.13 86.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 373.75 86.55 Td (executives�) Tj ET Q
q 0 0 0 rg BT 420.78 86.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 423.41 86.55 Td (compensation.) Tj ET Q
endstream
endobj
315 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 316 0 R>>
endobj
316 0 obj
<</Length 36221>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (155) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 70.00 741.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 134.85 741.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 185.69 741.75 Td (considers ) Tj ET Q
q 0 0 0 rg BT 229.53 741.75 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 272.19 741.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 329.42 741.75 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 364.51 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 383.85 741.75 Td (individual ) Tj ET Q
q 0 0 0 rg BT 430.61 741.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 487.84 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.76 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.77 741.75 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 729.15 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 86.31 729.15 Td (assesses ) Tj ET Q
q 0 0 0 rg BT 123.04 729.15 Td (industry ) Tj ET Q
q 0 0 0 rg BT 159.77 729.15 Td (survey ) Tj ET Q
q 0 0 0 rg BT 190.08 729.15 Td (data ) Tj ET Q
q 0 0 0 rg BT 209.88 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 227.35 729.15 Td (median ) Tj ET Q
q 0 0 0 rg BT 260.57 729.15 Td (peer ) Tj ET Q
q 0 0 0 rg BT 280.95 729.15 Td (group ) Tj ET Q
q 0 0 0 rg BT 307.76 729.15 Td (data ) Tj ET Q
q 0 0 0 rg BT 327.56 729.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 342.12 729.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 384.66 729.15 Td (pay) Tj ET Q
q 0 0 0 rg BT 399.13 729.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 404.07 729.15 Td (review ) Tj ET Q
q 0 0 0 rg BT 434.95 729.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 457.68 729.15 Td (years�) Tj ET Q
q 0 0 0 rg BT 482.55 729.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 484.86 729.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 525.66 729.15 Td (awards, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 84.55 716.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 100.94 716.55 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 124.86 716.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 131.34 716.55 Td (recommendations ) Tj ET Q
q 0 0 0 rg BT 208.38 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 225.93 716.55 Td (independent ) Tj ET Q
q 0 0 0 rg BT 279.65 716.55 Td (consultant ) Tj ET Q
q 0 0 0 rg BT 325.20 716.55 Td (advice ) Tj ET Q
q 0 0 0 rg BT 354.99 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 372.55 716.55 Td (seeks ) Tj ET Q
q 0 0 0 rg BT 397.69 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 415.24 716.55 Td (considers ) Tj ET Q
q 0 0 0 rg BT 457.30 716.55 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 508.68 716.55 Td (feedback, ) Tj ET Q
q 0 0 0 rg BT 551.59 716.55 Td (if ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (any) Tj ET Q
q 0 0 0 rg BT 63.98 703.95 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.13 678.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 131.10 678.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 180.07 678.75 Td (uses ) Tj ET Q
q 0 0 0 rg BT 200.46 678.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 207.42 678.75 Td (rigorous ) Tj ET Q
q 0 0 0 rg BT 244.73 678.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 300.08 678.75 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 349.05 678.75 Td (framework ) Tj ET Q
q 0 0 0 rg BT 397.42 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 407.89 678.75 Td (set ) Tj ET Q
q 0 0 0 rg BT 421.86 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 436.99 678.75 Td (overall ) Tj ET Q
q 0 0 0 rg BT 468.45 678.75 Td (tar) Tj ET Q
q 0 0 0 rg BT 479.34 678.75 Td (get ) Tj ET Q
q 0 0 0 rg BT 494.47 678.75 Td (bonus ) Tj ET Q
q 0 0 0 rg BT 521.86 678.75 Td (pool ) Tj ET Q
q 0 0 0 rg BT 542.84 678.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (determine ) Tj ET Q
q 0 0 0 rg BT 93.34 666.15 Td (individual ) Tj ET Q
q 0 0 0 rg BT 137.78 666.15 Td (bonuses. ) Tj ET Q
q 0 0 0 rg BT 175.97 666.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 194.16 666.15 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 242.68 666.15 Td (uses ) Tj ET Q
q 0 0 0 rg BT 262.62 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 269.15 666.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 324.06 666.15 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 372.58 666.15 Td (framework ) Tj ET Q
q 0 0 0 rg BT 420.50 666.15 Td (along ) Tj ET Q
q 0 0 0 rg BT 445.69 666.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 466.22 666.15 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 517.07 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 527.10 666.15 Td (median ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (peer ) Tj ET Q
q 0 0 0 rg BT 70.26 653.55 Td (group ) Tj ET Q
q 0 0 0 rg BT 97.46 653.55 Td (pay ) Tj ET Q
q 0 0 0 rg BT 115.31 653.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 126.75 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 142.28 653.55 Td (basis ) Tj ET Q
q 0 0 0 rg BT 165.97 653.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 180.91 653.55 Td (pay ) Tj ET Q
q 0 0 0 rg BT 198.77 653.55 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 240.54 653.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 255.48 653.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 279.75 653.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 311.03 653.55 Td (executives. ) Tj ET Q
q 0 0 0 rg BT 360.47 653.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 379.49 653.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 428.85 653.55 Td (uses ) Tj ET Q
q 0 0 0 rg BT 449.63 653.55 Td (market ) Tj ET Q
q 0 0 0 rg BT 481.47 653.55 Td (data ) Tj ET Q
q 0 0 0 rg BT 501.66 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 519.51 653.55 Td (weighted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 104.25 640.95 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 136.87 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 146.74 640.95 Td (establish ) Tj ET Q
q 0 0 0 rg BT 185.19 640.95 Td (tar) Tj ET Q
q 0 0 0 rg BT 196.07 640.95 Td (get ) Tj ET Q
q 0 0 0 rg BT 210.61 640.95 Td (pools ) Tj ET Q
q 0 0 0 rg BT 235.07 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 249.01 640.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 289.20 640.95 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 323.27 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 340.13 640.95 Td (applies ) Tj ET Q
q 0 0 0 rg BT 371.58 640.95 Td (its ) Tj ET Q
q 0 0 0 rg BT 383.21 640.95 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 424.58 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 434.45 640.95 Td (make ) Tj ET Q
q 0 0 0 rg BT 458.89 640.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 518.92 640.95 Td (decisions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.25 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.58 628.35 Td (named ) Tj ET Q
q 0 0 0 rg BT 110.07 628.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 152.80 628.35 Td (of) Tj ET Q
q 0 0 0 rg BT 161.35 628.35 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 187.17 628.35 Td (after ) Tj ET Q
q 0 0 0 rg BT 208.91 628.35 Td (conducting ) Tj ET Q
q 0 0 0 rg BT 258.06 628.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 270.48 628.35 Td (in-depth ) Tj ET Q
q 0 0 0 rg BT 307.97 628.35 Td (review ) Tj ET Q
q 0 0 0 rg BT 339.04 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 350.29 628.35 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 408.47 628.35 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 454.70 628.35 Td (peer ) Tj ET Q
q 0 0 0 rg BT 475.27 628.35 Td (group ) Tj ET Q
q 0 0 0 rg BT 502.27 628.35 Td (pay ) Tj ET Q
q 0 0 0 rg BT 519.93 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 537.60 628.35 Td (prior ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (years�) Tj ET Q
q 0 0 0 rg BT 74.37 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 76.35 615.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 103.39 615.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 124.03 615.75 Td (direct ) Tj ET Q
q 0 0 0 rg BT 149.91 615.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 210.21 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 227.35 615.75 Td (assessing ) Tj ET Q
q 0 0 0 rg BT 268.41 615.75 Td (qualitative ) Tj ET Q
q 0 0 0 rg BT 314.70 615.75 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 347.59 615.75 Td (relating ) Tj ET Q
q 0 0 0 rg BT 381.63 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 391.78 615.75 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 429.32 615.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 470.95 615.75 Td (priorities, ) Tj ET Q
q 0 0 0 rg BT 513.46 615.75 Td (rather ) Tj ET Q
q 0 0 0 rg BT 539.92 615.75 Td (than ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (relying ) Tj ET Q
q 0 0 0 rg BT 83.21 603.15 Td (solely ) Tj ET Q
q 0 0 0 rg BT 112.25 603.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 126.72 603.15 Td (formulaic ) Tj ET Q
q 0 0 0 rg BT 171.50 603.15 Td (results ) Tj ET Q
q 0 0 0 rg BT 202.88 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 215.01 603.15 Td (calculate ) Tj ET Q
q 0 0 0 rg BT 256.28 603.15 Td (annual ) Tj ET Q
q 0 0 0 rg BT 288.23 603.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 330.68 603.15 Td (award ) Tj ET Q
q 0 0 0 rg BT 360.29 603.15 Td (payouts. ) Tj ET Q
q 0 0 0 rg BT 399.26 603.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 419.55 603.15 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 470.17 603.15 Td (evaluates ) Tj ET Q
q 0 0 0 rg BT 513.20 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.99 603.15 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 553.91 603.15 Td (s ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (recommendations ) Tj ET Q
q 0 0 0 rg BT 127.49 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 143.07 590.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 167.98 590.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 211.55 590.55 Td (of) Tj ET Q
q 0 0 0 rg BT 220.11 590.55 Td (ficers�) Tj ET Q
q 0 0 0 rg BT 246.15 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 249.49 590.55 Td (pay) Tj ET Q
q 0 0 0 rg BT 263.96 590.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 269.93 590.55 Td (taking ) Tj ET Q
q 0 0 0 rg BT 299.52 590.55 Td (into ) Tj ET Q
q 0 0 0 rg BT 319.19 590.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 355.18 590.55 Td (peer ) Tj ET Q
q 0 0 0 rg BT 376.59 590.55 Td (group ) Tj ET Q
q 0 0 0 rg BT 404.43 590.55 Td (data ) Tj ET Q
q 0 0 0 rg BT 425.25 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 443.76 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.92 590.55 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 483.84 590.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 491.27 590.55 Td (views ) Tj ET Q
q 0 0 0 rg BT 519.11 590.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 532.95 590.55 Td (actual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 106.04 577.95 Td (against ) Tj ET Q
q 0 0 0 rg BT 139.28 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.61 577.95 Td (company�) Tj ET Q
q 0 0 0 rg BT 197.01 577.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 204.59 577.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 226.17 577.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 238.41 577.95 Td (well ) Tj ET Q
q 0 0 0 rg BT 259.98 577.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 272.23 577.95 Td (his ) Tj ET Q
q 0 0 0 rg BT 287.97 577.95 Td (views ) Tj ET Q
q 0 0 0 rg BT 315.97 577.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 329.96 577.95 Td (individual ) Tj ET Q
q 0 0 0 rg BT 376.04 577.95 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 434.96 577.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 454.78 577.95 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 504.93 577.95 Td (believes ) Tj ET Q
q 0 0 0 rg BT 542.83 577.95 Td (this ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (process ) Tj ET Q
q 0 0 0 rg BT 83.13 565.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 92.27 565.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 104.32 565.35 Td (ef) Tj ET Q
q 0 0 0 rg BT 112.29 565.35 Td (fective ) Tj ET Q
q 0 0 0 rg BT 142.99 565.35 Td (way ) Tj ET Q
q 0 0 0 rg BT 162.62 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 172.93 565.35 Td (assess ) Tj ET Q
q 0 0 0 rg BT 200.73 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 215.70 565.35 Td (quality ) Tj ET Q
q 0 0 0 rg BT 247.00 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.88 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.85 565.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 328.04 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 345.34 565.35 Td (leadership ) Tj ET Q
q 0 0 0 rg BT 390.63 565.35 Td (demonstrated ) Tj ET Q
q 0 0 0 rg BT 449.33 565.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 461.97 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 476.94 565.35 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 500.07 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 517.37 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 532.34 565.35 Td (senior ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 105.77 552.75 Td (team.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.99 527.55 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 130.82 527.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 179.65 527.55 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 214.47 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 221.30 527.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 276.51 527.55 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 325.34 527.55 Td (scorecard ) Tj ET Q
q 0 0 0 rg BT 367.73 527.55 Td (detailing ) Tj ET Q
q 0 0 0 rg BT 406.64 527.55 Td (actual ) Tj ET Q
q 0 0 0 rg BT 433.87 527.55 Td (results ) Tj ET Q
q 0 0 0 rg BT 463.45 527.55 Td (versus ) Tj ET Q
q 0 0 0 rg BT 492.45 527.55 Td (plan ) Tj ET Q
q 0 0 0 rg BT 512.69 527.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 527.10 527.55 Td (metrics ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 68.54 514.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 84.66 514.95 Td (linked ) Tj ET Q
q 0 0 0 rg BT 114.20 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 125.67 514.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 142.96 514.95 Td (strategy) Tj ET Q
q 0 0 0 rg BT 175.52 514.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 181.21 514.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 200.83 514.95 Td (set ) Tj ET Q
q 0 0 0 rg BT 215.79 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 227.83 514.95 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 262.04 514.95 Td (includes ) Tj ET Q
q 0 0 0 rg BT 300.33 514.95 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 334.53 514.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 353.58 514.95 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 383.69 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 399.81 514.95 Td (actions ) Tj ET Q
q 0 0 0 rg BT 432.85 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 444.90 514.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 462.19 514.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 519.13 514.95 Td (team ) Tj ET Q
q 0 0 0 rg BT 542.84 514.95 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 99.71 502.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 121.64 502.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 133.07 502.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 148.59 502.35 Td (revenues. ) Tj ET Q
q 0 0 0 rg BT 191.02 502.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 210.03 502.35 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 259.37 502.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 278.97 502.35 Td (defines ) Tj ET Q
q 0 0 0 rg BT 311.98 502.35 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 350.23 502.35 Td (goals ) Tj ET Q
q 0 0 0 rg BT 375.08 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 390.00 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 405.52 502.35 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 445.52 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 462.77 502.35 Td (Af) Tj ET Q
q 0 0 0 rg BT 473.66 502.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 500.84 502.35 Td (Relationships ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 489.75 Td (Or) Tj ET Q
q 0 0 0 rg BT 78.18 489.75 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 132.12 489.75 Td (Health ) Tj ET Q
q 0 0 0 rg BT 162.73 489.75 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 196.27 489.75 Td (categories, ) Tj ET Q
q 0 0 0 rg BT 244.08 489.75 Td (linked ) Tj ET Q
q 0 0 0 rg BT 272.95 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 283.74 489.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 300.37 489.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 342.65 489.75 Td (priorities, ) Tj ET Q
q 0 0 0 rg BT 385.81 489.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 396.01 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 411.47 489.75 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 456.09 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 467.46 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.92 489.75 Td (year) Tj ET Q
q 0 0 0 rg BT 500.56 489.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 505.81 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 523.60 489.75 Td (assesses ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (outcomes ) Tj ET Q
q 0 0 0 rg BT 92.49 477.15 Td (against ) Tj ET Q
q 0 0 0 rg BT 124.99 477.15 Td (those ) Tj ET Q
q 0 0 0 rg BT 149.91 477.15 Td (goals ) Tj ET Q
q 0 0 0 rg BT 174.82 477.15 Td (when ) Tj ET Q
q 0 0 0 rg BT 200.32 477.15 Td (making ) Tj ET Q
q 0 0 0 rg BT 234.57 477.15 Td (end ) Tj ET Q
q 0 0 0 rg BT 252.48 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 263.98 477.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 284.80 477.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 345.87 477.15 Td (decisions. ) Tj ET Q
q 0 0 0 rg BT 390.13 477.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 409.20 477.15 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 458.62 477.15 Td (believes ) Tj ET Q
q 0 0 0 rg BT 495.77 477.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 514.27 477.15 Td (evaluating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 104.90 464.55 Td (against ) Tj ET Q
q 0 0 0 rg BT 136.99 464.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 143.99 464.55 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 184.83 464.55 Td (combination ) Tj ET Q
q 0 0 0 rg BT 239.67 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 250.76 464.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 289.84 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 307.35 464.55 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 345.26 464.55 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 378.51 464.55 Td (most ) Tj ET Q
q 0 0 0 rg BT 401.28 464.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 409.25 464.55 Td (fectively ) Tj ET Q
q 0 0 0 rg BT 448.33 464.55 Td (drives ) Tj ET Q
q 0 0 0 rg BT 476.33 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 491.51 464.55 Td (behavior ) Tj ET Q
q 0 0 0 rg BT 530.59 464.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 545.18 464.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (long ) Tj ET Q
q 0 0 0 rg BT 71.87 451.95 Td (term ) Tj ET Q
q 0 0 0 rg BT 94.82 451.95 Td (results ) Tj ET Q
q 0 0 0 rg BT 125.94 451.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 145.39 451.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 161.34 451.95 Td (want ) Tj ET Q
q 0 0 0 rg BT 185.46 451.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 203.16 451.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 247.09 451.95 Td (team ) Tj ET Q
q 0 0 0 rg BT 271.21 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 283.08 451.95 Td (strive ) Tj ET Q
q 0 0 0 rg BT 310.11 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 326.06 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 344.93 451.95 Td (produce, ) Tj ET Q
q 0 0 0 rg BT 385.08 451.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 397.53 451.95 Td (well ) Tj ET Q
q 0 0 0 rg BT 419.31 451.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 431.77 451.95 Td (tightly ) Tj ET Q
q 0 0 0 rg BT 462.89 451.95 Td (links ) Tj ET Q
q 0 0 0 rg BT 487.02 451.95 Td (pay ) Tj ET Q
q 0 0 0 rg BT 505.88 451.95 Td (outcomes ) Tj ET Q
q 0 0 0 rg BT 549.83 451.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (performance.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (Elements ) Tj ET Q
q 0 0 0 rg BT 93.54 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 104.91 414.15 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.87 401.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 86.24 401.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 112.49 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 127.94 401.55 Td (components ) Tj ET Q
q 0 0 0 rg BT 181.31 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 192.68 401.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 235.53 401.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 296.48 401.55 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 335.82 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 351.28 401.55 Td (pending ) Tj ET Q
q 0 0 0 rg BT 387.73 401.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 405.03 401.55 Td (ger) Tj ET Q
q 0 0 0 rg BT 417.86 401.55 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 374.950341796875 m
99.361328125 374.950341796875 l
s
q 0 0 0 rg BT 49.50 376.35 Td (Base ) Tj ET Q
q 0 0 0 rg BT 72.54 376.35 Td (Salary) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (Base ) Tj ET Q
q 0 0 0 rg BT 73.18 363.75 Td (salary ) Tj ET Q
q 0 0 0 rg BT 101.52 363.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 111.79 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 127.88 363.75 Td (smallest ) Tj ET Q
q 0 0 0 rg BT 165.56 363.75 Td (component ) Tj ET Q
q 0 0 0 rg BT 215.49 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 227.50 363.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 271.00 363.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 332.58 363.75 Td (\(6% ) Tj ET Q
q 0 0 0 rg BT 353.34 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.36 363.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 382.62 363.75 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 406.54 363.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 413.89 363.75 Td (pay\), ) Tj ET Q
q 0 0 0 rg BT 438.44 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 456.87 363.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 467.14 363.75 Td (intended ) Tj ET Q
q 0 0 0 rg BT 506.56 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 518.00 363.75 Td (provide ) Tj ET Q
q 0 0 0 rg BT 553.34 363.75 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (stable, ) Tj ET Q
q 0 0 0 rg BT 79.19 351.15 Td (reliable ) Tj ET Q
q 0 0 0 rg BT 113.24 351.15 Td (monthly ) Tj ET Q
q 0 0 0 rg BT 150.82 351.15 Td (income. ) Tj ET Q
q 0 0 0 rg BT 186.92 351.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 189.49 351.15 Td (Base ) Tj ET Q
q 0 0 0 rg BT 212.48 351.15 Td (salaries ) Tj ET Q
q 0 0 0 rg BT 246.54 351.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 261.93 351.15 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 302.98 351.15 Td (periodically ) Tj ET Q
q 0 0 0 rg BT 355.70 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 366.44 351.15 Td (light ) Tj ET Q
q 0 0 0 rg BT 388.26 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 399.58 351.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 455.20 351.15 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 488.97 351.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 520.69 351.15 Td (practices ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.29 338.55 Td (advice ) Tj ET Q
q 0 0 0 rg BT 97.31 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.68 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 124.13 338.55 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 173.71 338.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 180.43 338.55 Td (independent ) Tj ET Q
q 0 0 0 rg BT 234.37 338.55 Td (consultant.) Tj ET Q
BT /F1 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 311.950341796875 m
185.38818359375 311.950341796875 l
s
q 0 0 0 rg BT 49.50 313.35 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 83.04 313.35 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 124.72 313.35 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 83.14 300.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 124.36 300.75 Td (awards ) Tj ET Q
q 0 0 0 rg BT 156.83 300.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 172.38 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 183.28 300.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 195.93 300.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 216.74 300.75 Td (70% ) Tj ET Q
q 0 0 0 rg BT 238.72 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 249.62 300.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 278.60 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 296.49 300.75 Td (30% ) Tj ET Q
q 0 0 0 rg BT 318.47 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 329.37 300.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 350.76 300.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 365.74 300.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 382.47 300.75 Td (CEO, ) Tj ET Q
q 0 0 0 rg BT 408.82 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 426.72 300.75 Td (55% ) Tj ET Q
q 0 0 0 rg BT 448.70 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 459.60 300.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 488.58 300.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 506.47 300.75 Td (45% ) Tj ET Q
q 0 0 0 rg BT 528.45 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 539.35 300.75 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.26 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.61 288.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 103.70 288.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 134.21 288.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 176.96 288.15 Td (of) Tj ET Q
q 0 0 0 rg BT 185.51 288.15 Td (ficers. ) Tj ET Q
q 0 0 0 rg BT 213.97 288.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 216.49 288.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 227.76 288.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 253.02 288.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 279.16 288.15 Td (no ) Tj ET Q
q 0 0 0 rg BT 292.18 288.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 320.94 288.15 Td (awards ) Tj ET Q
q 0 0 0 rg BT 353.20 288.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 376.12 288.15 Td (granted ) Tj ET Q
q 0 0 0 rg BT 410.12 288.15 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 448.80 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 459.49 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 474.83 288.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 500.68 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 511.95 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.29 288.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 544.60 288.15 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (Agreement. ) Tj ET Q
q 0 0 0 rg BT 101.40 275.55 Td (Instead ) Tj ET Q
q 0 0 0 rg BT 134.34 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 145.71 275.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 174.59 275.55 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 209.57 275.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 226.19 275.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 269.05 275.55 Td (of) Tj ET Q
q 0 0 0 rg BT 277.60 275.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 303.55 275.55 Td (received ) Tj ET Q
q 0 0 0 rg BT 341.73 275.55 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 379.33 275.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 400.61 275.55 Td (unit ) Tj ET Q
q 0 0 0 rg BT 419.57 275.55 Td (awards ) Tj ET Q
q 0 0 0 rg BT 451.93 275.55 Td (described ) Tj ET Q
q 0 0 0 rg BT 494.79 275.55 Td (below) Tj ET Q
q 0 0 0 rg BT 519.77 275.55 Td (.) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (Cash) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.30 237.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 87.43 237.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 127.39 237.75 Td (awards ) Tj ET Q
q 0 0 0 rg BT 158.60 237.75 Td (\(28% ) Tj ET Q
q 0 0 0 rg BT 182.82 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 193.04 237.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 208.52 237.75 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 232.43 237.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 238.00 237.75 Td (pay\) ) Tj ET Q
q 0 0 0 rg BT 258.13 237.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 272.42 237.75 Td (intended ) Tj ET Q
q 0 0 0 rg BT 310.05 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 319.69 237.75 Td (reward ) Tj ET Q
q 0 0 0 rg BT 350.32 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.62 237.75 Td (achievement ) Tj ET Q
q 0 0 0 rg BT 419.15 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 429.37 237.75 Td (annual ) Tj ET Q
q 0 0 0 rg BT 458.84 237.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 497.04 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 513.68 237.75 Td (qualitative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 107.12 225.15 Td (goals ) Tj ET Q
q 0 0 0 rg BT 133.85 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 153.59 225.15 Td (individual ) Tj ET Q
q 0 0 0 rg BT 200.74 225.15 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 260.98 225.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 265.55 225.15 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 291.12 225.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 334.18 225.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 374.33 225.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 391.72 225.15 Td (variable ) Tj ET Q
q 0 0 0 rg BT 430.10 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 449.83 225.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 467.22 225.15 Td (determined ) Tj ET Q
q 0 0 0 rg BT 519.02 225.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 547.50 225.15 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.29 212.55 Td (against ) Tj ET Q
q 0 0 0 rg BT 137.77 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 153.33 212.55 Td (key ) Tj ET Q
q 0 0 0 rg BT 171.23 212.55 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 204.88 212.55 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 243.19 212.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 256.43 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.00 212.55 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 324.02 212.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 335.51 212.55 Td (described ) Tj ET Q
q 0 0 0 rg BT 378.48 212.55 Td (below) Tj ET Q
q 0 0 0 rg BT 403.46 212.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 408.82 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 411.56 212.55 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 435.29 212.55 Td (incentives ) Tj ET Q
q 0 0 0 rg BT 480.60 212.55 Td (link ) Tj ET Q
q 0 0 0 rg BT 499.68 212.55 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.29 199.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 115.97 199.95 Td (since ) Tj ET Q
q 0 0 0 rg BT 140.17 199.95 Td (award ) Tj ET Q
q 0 0 0 rg BT 168.44 199.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 206.65 199.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 222.09 199.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 271.95 199.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 282.15 199.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 307.52 199.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 328.21 199.95 Td (end ) Tj ET Q
q 0 0 0 rg BT 346.00 199.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 372.53 199.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 385.65 199.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 406.35 199.95 Td (end ) Tj ET Q
q 0 0 0 rg BT 424.13 199.95 Td (results.) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (Deferr) Tj ET Q
q 0 0 0 rg BT 77.10 174.75 Td (ed ) Tj ET Q
q 0 0 0 rg BT 89.64 174.75 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 113.86 174.75 Td (Units) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.54 162.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 106.22 162.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 127.59 162.15 Td (unit ) Tj ET Q
q 0 0 0 rg BT 146.64 162.15 Td (awards ) Tj ET Q
q 0 0 0 rg BT 179.09 162.15 Td (\(66% ) Tj ET Q
q 0 0 0 rg BT 204.54 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.00 162.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 232.71 162.15 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 256.63 162.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 263.43 162.15 Td (pay\) ) Tj ET Q
q 0 0 0 rg BT 284.80 162.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 300.33 162.15 Td (intended ) Tj ET Q
q 0 0 0 rg BT 339.20 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 350.08 162.15 Td (mirror ) Tj ET Q
q 0 0 0 rg BT 379.61 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 395.15 162.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 421.20 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 432.65 162.15 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 474.43 162.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 499.31 162.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 522.44 162.15 Td (awarded ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.61 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.05 149.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 127.33 149.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 138.11 149.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 161.13 149.55 Td (years, ) Tj ET Q
q 0 0 0 rg BT 188.53 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 206.30 149.55 Td (vest ) Tj ET Q
q 0 0 0 rg BT 225.83 149.55 Td (ratably ) Tj ET Q
q 0 0 0 rg BT 257.60 149.55 Td (over ) Tj ET Q
q 0 0 0 rg BT 278.87 149.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 286.14 149.55 Td (four ) Tj ET Q
q 0 0 0 rg BT 306.25 149.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 326.93 149.55 Td (period ) Tj ET Q
q 0 0 0 rg BT 356.37 149.55 Td (but ) Tj ET Q
q 0 0 0 rg BT 372.40 149.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 391.34 149.55 Td (accelerate ) Tj ET Q
q 0 0 0 rg BT 435.91 149.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 453.69 149.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 466.21 149.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 486.90 149.55 Td (out ) Tj ET Q
q 0 0 0 rg BT 502.93 149.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 513.71 149.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 534.99 149.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 545.18 149.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (time ) Tj ET Q
q 0 0 0 rg BT 71.00 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 82.58 136.95 Td (completion ) Tj ET Q
q 0 0 0 rg BT 132.66 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 144.24 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.90 136.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 177.21 136.95 Td (ger) Tj ET Q
q 0 0 0 rg BT 190.04 136.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 195.50 136.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 198.13 136.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 217.29 136.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 255.70 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.29 136.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 305.09 136.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 326.59 136.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 345.76 136.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 378.33 136.95 Td (also ) Tj ET Q
q 0 0 0 rg BT 398.08 136.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 413.73 136.95 Td (variable ) Tj ET Q
q 0 0 0 rg BT 450.38 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 468.38 136.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 484.03 136.95 Td (determined ) Tj ET Q
q 0 0 0 rg BT 534.10 136.95 Td (based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.99 124.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 119.04 124.35 Td (against ) Tj ET Q
q 0 0 0 rg BT 151.77 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 167.60 124.35 Td (key ) Tj ET Q
q 0 0 0 rg BT 185.75 124.35 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 219.65 124.35 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 258.22 124.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 271.72 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 287.54 124.35 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 339.82 124.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 351.56 124.35 Td (described ) Tj ET Q
q 0 0 0 rg BT 394.79 124.35 Td (below) Tj ET Q
q 0 0 0 rg BT 419.77 124.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 425.39 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 428.17 124.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 447.48 124.35 Td (terms ) Tj ET Q
q 0 0 0 rg BT 473.81 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 485.55 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 501.37 124.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 539.34 124.35 Td (cash ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 68.60 111.75 Td (awards ) Tj ET Q
q 0 0 0 rg BT 101.10 111.75 Td (provide ) Tj ET Q
q 0 0 0 rg BT 135.94 111.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 154.45 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 170.04 111.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 219.46 111.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 240.31 111.75 Td (elect ) Tj ET Q
q 0 0 0 rg BT 262.89 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 273.82 111.75 Td (convert ) Tj ET Q
q 0 0 0 rg BT 308.07 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 323.66 111.75 Td (units ) Tj ET Q
q 0 0 0 rg BT 346.84 111.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 365.94 111.75 Td (equity ) Tj ET Q
q 0 0 0 rg BT 394.95 111.75 Td (awards ) Tj ET Q
q 0 0 0 rg BT 427.45 111.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 436.63 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 452.22 111.75 Td (Mer) Tj ET Q
q 0 0 0 rg BT 469.53 111.75 Td (ger ) Tj ET Q
q 0 0 0 rg BT 485.70 111.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 495.47 111.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 511.65 111.75 Td (completed. ) Tj ET Q
q 0 0 0 rg BT 560.63 111.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.74 99.15 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 118.32 99.15 Td (believes ) Tj ET Q
q 0 0 0 rg BT 155.64 99.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 174.31 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 190.05 99.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 227.94 99.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 249.52 99.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 272.85 99.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 295.59 99.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 303.17 99.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 328.83 99.15 Td (comparable ) Tj ET Q
q 0 0 0 rg BT 380.72 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 391.80 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 407.55 99.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 436.71 99.15 Td (awards ) Tj ET Q
q 0 0 0 rg BT 469.37 99.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 488.03 99.15 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 531.77 99.15 Td (would ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 71.95 86.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 94.39 86.55 Td (issued ) Tj ET Q
q 0 0 0 rg BT 123.27 86.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 132.31 86.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 148.35 86.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 163.22 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.67 86.55 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 227.95 86.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 254.49 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 269.94 86.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 287.24 86.55 Td (ger ) Tj ET Q
q 0 0 0 rg BT 302.70 86.55 Td (Agreement.) Tj ET Q
endstream
endobj
317 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 318 0 R>>
endobj
318 0 obj
<</Length 26860>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (156) Tj ET Q
BT /F1 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
49.5 740.350341796875 m
136.6962890625 740.350341796875 l
s
q 0 0 0 rg BT 49.50 741.75 Td (Other ) Tj ET Q
q 0 0 0 rg BT 76.03 741.75 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (U.S.-based ) Tj ET Q
q 0 0 0 rg BT 98.32 729.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 129.06 729.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 172.03 729.15 Td (of) Tj ET Q
q 0 0 0 rg BT 180.59 729.15 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 206.65 729.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 227.48 729.15 Td (participate ) Tj ET Q
q 0 0 0 rg BT 274.53 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 285.44 729.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 298.68 729.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 323.00 729.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 347.32 729.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 378.65 729.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 439.72 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 457.63 729.15 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 489.52 729.15 Td (programs ) Tj ET Q
q 0 0 0 rg BT 531.93 729.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 545.17 729.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (same ) Tj ET Q
q 0 0 0 rg BT 73.66 716.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 99.58 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 110.91 716.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 135.07 716.55 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 185.19 716.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 207.02 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 218.35 716.55 Td (health ) Tj ET Q
q 0 0 0 rg BT 246.60 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 264.34 716.55 Td (welfare ) Tj ET Q
q 0 0 0 rg BT 298.40 716.55 Td (benefit ) Tj ET Q
q 0 0 0 rg BT 330.14 716.55 Td (plans ) Tj ET Q
q 0 0 0 rg BT 354.90 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 372.64 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 388.06 716.55 Td (Profit ) Tj ET Q
q 0 0 0 rg BT 414.56 716.55 Td (Sharing ) Tj ET Q
q 0 0 0 rg BT 449.81 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.56 716.55 Td (401\(k\) ) Tj ET Q
q 0 0 0 rg BT 498.14 716.55 Td (Plan. ) Tj ET Q
q 0 0 0 rg BT 521.83 716.55 Td (Through ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (February ) Tj ET Q
q 0 0 0 rg BT 90.72 703.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 117.66 703.95 Td (U.S.-based ) Tj ET Q
q 0 0 0 rg BT 167.06 703.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 198.36 703.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 241.91 703.95 Td (of) Tj ET Q
q 0 0 0 rg BT 250.47 703.95 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 277.10 703.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 300.82 703.95 Td (eligible ) Tj ET Q
q 0 0 0 rg BT 335.63 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 347.11 703.95 Td (participate ) Tj ET Q
q 0 0 0 rg BT 394.74 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 406.23 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 422.37 703.95 Td (Employee ) Tj ET Q
q 0 0 0 rg BT 468.26 703.95 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 495.49 703.95 Td (Purchase ) Tj ET Q
q 0 0 0 rg BT 536.72 703.95 Td (Plan. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (That ) Tj ET Q
q 0 0 0 rg BT 71.32 691.35 Td (plan ) Tj ET Q
q 0 0 0 rg BT 91.98 691.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 110.89 691.35 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 158.37 691.35 Td (after ) Tj ET Q
q 0 0 0 rg BT 180.18 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.59 691.35 Td (Mer) Tj ET Q
q 0 0 0 rg BT 212.89 691.35 Td (ger ) Tj ET Q
q 0 0 0 rg BT 228.31 691.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 277.54 691.35 Td (was ) Tj ET Q
q 0 0 0 rg BT 296.45 691.35 Td (executed. ) Tj ET Q
q 0 0 0 rg BT 338.96 691.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 341.54 691.35 Td (U.S.-based ) Tj ET Q
q 0 0 0 rg BT 390.20 691.35 Td (named ) Tj ET Q
q 0 0 0 rg BT 420.77 691.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 463.58 691.35 Td (of) Tj ET Q
q 0 0 0 rg BT 472.13 691.35 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 498.03 691.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 517.53 691.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 538.19 691.35 Td (elect ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 61.08 678.75 Td (participate ) Tj ET Q
q 0 0 0 rg BT 108.81 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 120.39 678.75 Td (non-qualified ) Tj ET Q
q 0 0 0 rg BT 180.38 678.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 218.76 678.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 280.50 678.75 Td (plans ) Tj ET Q
q 0 0 0 rg BT 306.08 678.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 347.39 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 358.97 678.75 Td (select ) Tj ET Q
q 0 0 0 rg BT 386.29 678.75 Td (employees ) Tj ET Q
q 0 0 0 rg BT 434.61 678.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 461.94 678.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 475.85 678.75 Td (responsibilities ) Tj ET Q
q 0 0 0 rg BT 542.85 678.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.45 666.15 Td (levels.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (Assessing ) Tj ET Q
q 0 0 0 rg BT 94.72 640.95 Td (Competitive ) Tj ET Q
q 0 0 0 rg BT 152.17 640.95 Td (Practice) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 81.07 628.35 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 112.07 628.35 Td (assists ) Tj ET Q
q 0 0 0 rg BT 140.73 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.39 628.35 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 203.87 628.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 216.20 628.35 Td (reviewing ) Tj ET Q
q 0 0 0 rg BT 260.01 628.35 Td (comparative ) Tj ET Q
q 0 0 0 rg BT 313.73 628.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 344.70 628.35 Td (data ) Tj ET Q
q 0 0 0 rg BT 364.02 628.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 376.34 628.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 436.49 628.35 Td (practices ) Tj ET Q
q 0 0 0 rg BT 475.63 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 492.61 628.35 Td (programs ) Tj ET Q
q 0 0 0 rg BT 534.09 628.35 Td (based ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 61.85 615.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 73.61 615.75 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 109.28 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 119.88 615.75 Td (competitors. ) Tj ET Q
q 0 0 0 rg BT 173.93 615.75 Td (Because ) Tj ET Q
q 0 0 0 rg BT 210.76 615.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 226.60 615.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 255.85 615.75 Td (31 ) Tj ET Q
q 0 0 0 rg BT 268.20 615.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 292.79 615.75 Td (year) Tj ET Q
q 0 0 0 rg BT 310.65 615.75 Td (-end ) Tj ET Q
q 0 0 0 rg BT 331.15 615.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 350.49 615.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 359.34 615.75 Td (later ) Tj ET Q
q 0 0 0 rg BT 379.84 615.75 Td (than ) Tj ET Q
q 0 0 0 rg BT 399.77 615.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 417.36 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.96 615.75 Td (many ) Tj ET Q
q 0 0 0 rg BT 453.13 615.75 Td (competitors, ) Tj ET Q
q 0 0 0 rg BT 507.18 615.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 521.27 615.75 Td (typically ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 65.16 603.15 Td (able ) Tj ET Q
q 0 0 0 rg BT 85.48 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 96.49 603.15 Td (review ) Tj ET Q
q 0 0 0 rg BT 127.90 603.15 Td (up-to-date ) Tj ET Q
q 0 0 0 rg BT 173.89 603.15 Td (information ) Tj ET Q
q 0 0 0 rg BT 226.30 603.15 Td (about ) Tj ET Q
q 0 0 0 rg BT 252.47 603.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 284.46 603.15 Td (practices ) Tj ET Q
q 0 0 0 rg BT 324.61 603.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 342.61 603.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 403.77 603.15 Td (awards ) Tj ET Q
q 0 0 0 rg BT 436.34 603.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 451.42 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 467.09 603.15 Td (previously ) Tj ET Q
q 0 0 0 rg BT 514.26 603.15 Td (completed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (calendar ) Tj ET Q
q 0 0 0 rg BT 86.49 590.55 Td (year) Tj ET Q
q 0 0 0 rg BT 103.97 590.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 107.93 590.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 125.68 590.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 173.77 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 190.36 590.55 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 221.53 590.55 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 252.13 590.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 267.56 590.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 273.65 590.55 Td (group ) Tj ET Q
q 0 0 0 rg BT 299.58 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 309.75 590.55 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 345.00 590.55 Td (competitors ) Tj ET Q
q 0 0 0 rg BT 396.00 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 405.60 590.55 Td (compare ) Tj ET Q
q 0 0 0 rg BT 443.17 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 458.60 590.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 518.35 590.55 Td (programs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.32 577.95 Td (practices ) Tj ET Q
q 0 0 0 rg BT 105.30 577.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 125.63 577.95 Td (those ) Tj ET Q
q 0 0 0 rg BT 149.45 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 159.86 577.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 175.52 577.95 Td (competitors ) Tj ET Q
q 0 0 0 rg BT 226.76 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 243.58 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 258.07 577.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 318.06 577.95 Td (levels ) Tj ET Q
q 0 0 0 rg BT 344.21 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 354.62 577.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 370.28 577.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 399.93 577.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 441.82 577.95 Td (of) Tj ET Q
q 0 0 0 rg BT 450.38 577.95 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 475.36 577.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 485.19 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 499.68 577.95 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (levels ) Tj ET Q
q 0 0 0 rg BT 76.74 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 88.24 565.35 Td (comparable ) Tj ET Q
q 0 0 0 rg BT 139.96 565.35 Td (of) Tj ET Q
q 0 0 0 rg BT 148.52 565.35 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 174.59 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 186.08 565.35 Td (companies ) Tj ET Q
q 0 0 0 rg BT 233.74 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 244.65 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 260.23 565.35 Td (group. ) Tj ET Q
q 0 0 0 rg BT 290.10 565.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 307.44 565.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 324.18 565.35 Td (CEO, ) Tj ET Q
q 0 0 0 rg BT 350.56 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 366.14 565.35 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 415.55 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 433.46 565.35 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 465.95 565.35 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 497.87 565.35 Td (use ) Tj ET Q
q 0 0 0 rg BT 514.62 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 522.03 565.35 Td (group ) Tj ET Q
q 0 0 0 rg BT 549.28 565.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (nine ) Tj ET Q
q 0 0 0 rg BT 71.11 552.75 Td (public ) Tj ET Q
q 0 0 0 rg BT 100.89 552.75 Td (company ) Tj ET Q
q 0 0 0 rg BT 142.91 552.75 Td (peers, ) Tj ET Q
q 0 0 0 rg BT 171.23 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 189.92 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 206.28 552.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 230.23 552.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 287.41 552.75 Td (businesses ) Tj ET Q
q 0 0 0 rg BT 335.27 552.75 Td (within ) Tj ET Q
q 0 0 0 rg BT 365.64 552.75 Td (three ) Tj ET Q
q 0 0 0 rg BT 390.16 552.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 415.27 552.75 Td (public ) Tj ET Q
q 0 0 0 rg BT 445.05 552.75 Td (companies, ) Tj ET Q
q 0 0 0 rg BT 496.11 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 508.39 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 524.76 552.75 Td (primary ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (comparisons. ) Tj ET Q
q 0 0 0 rg BT 107.64 540.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 126.59 540.15 Td (companies ) Tj ET Q
q 0 0 0 rg BT 174.11 540.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 184.91 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.36 540.15 Td (group ) Tj ET Q
q 0 0 0 rg BT 227.48 540.15 Td (are:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (Af) Tj ET Q
q 0 0 0 rg BT 60.39 514.95 Td (filiated ) Tj ET Q
q 0 0 0 rg BT 92.75 514.95 Td (Managers ) Tj ET Q
q 0 0 0 rg BT 136.78 514.95 Td (Group ) Tj ET Q
q 0 0 0 rg BT 193.50 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 196.13 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 198.75 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 201.38 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 204.00 514.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 206.63 514.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (AllianceBernstein ) Tj ET Q
q 0 0 0 rg BT 157.50 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 160.13 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 162.75 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 165.38 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 168.00 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 170.63 502.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (Bank ) Tj ET Q
q 0 0 0 rg BT 74.29 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 85.66 489.75 Td (New ) Tj ET Q
q 0 0 0 rg BT 107.72 489.75 Td (Y) Tj ET Q
q 0 0 0 rg BT 114.25 489.75 Td (ork ) Tj ET Q
q 0 0 0 rg BT 130.88 489.75 Td (Mellon* ) Tj ET Q
q 0 0 0 rg BT 193.50 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 196.13 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 198.75 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 201.38 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 204.00 489.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 206.63 489.75 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (BlackRock) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (Eaton ) Tj ET Q
q 0 0 0 rg BT 76.43 464.55 Td (V) Tj ET Q
q 0 0 0 rg BT 82.85 464.55 Td (ance ) Tj ET Q
q 0 0 0 rg BT 121.50 464.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (Federated ) Tj ET Q
q 0 0 0 rg BT 93.52 451.95 Td (Investors ) Tj ET Q
q 0 0 0 rg BT 157.50 451.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 87.71 439.35 Td (Resources ) Tj ET Q
q 0 0 0 rg BT 157.50 439.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (Janus ) Tj ET Q
q 0 0 0 rg BT 75.46 426.75 Td (Henderson) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (Invesco ) Tj ET Q
q 0 0 0 rg BT 85.50 414.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (Mor) Tj ET Q
q 0 0 0 rg BT 67.39 401.55 Td (gan ) Tj ET Q
q 0 0 0 rg BT 85.18 401.55 Td (Stanley* ) Tj ET Q
q 0 0 0 rg BT 157.50 401.55 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (State ) Tj ET Q
q 0 0 0 rg BT 73.12 388.95 Td (Street ) Tj ET Q
q 0 0 0 rg BT 100.24 388.95 Td (Corp* ) Tj ET Q
q 0 0 0 rg BT 157.50 388.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (T) Tj ET Q
q 0 0 0 rg BT 55.13 376.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 60.38 376.35 Td (Rowe ) Tj ET Q
q 0 0 0 rg BT 87.51 376.35 Td (Price) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 351.15 Td (* ) Tj ET Q
q 0 0 0 rg BT 93.52 351.15 Td (For ) Tj ET Q
q 0 0 0 rg BT 110.89 351.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 128.83 351.15 Td (company) Tj ET Q
q 0 0 0 rg BT 166.64 351.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 172.04 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.64 351.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 248.74 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 260.26 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 275.86 351.15 Td (head ) Tj ET Q
q 0 0 0 rg BT 298.46 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 309.98 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.58 351.15 Td (asset ) Tj ET Q
q 0 0 0 rg BT 348.77 351.15 Td (management ) Tj ET Q
q 0 0 0 rg BT 405.19 351.15 Td (business, ) Tj ET Q
q 0 0 0 rg BT 446.18 351.15 Td (rather ) Tj ET Q
q 0 0 0 rg BT 473.43 351.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 494.29 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.89 351.15 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 533.67 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 545.19 351.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (company) Tj ET Q
q 0 0 0 rg BT 87.31 338.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 92.56 338.55 Td (was ) Tj ET Q
q 0 0 0 rg BT 111.51 338.55 Td (used ) Tj ET Q
q 0 0 0 rg BT 133.38 338.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 148.25 338.55 Td (comparison.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (Management ) Tj ET Q
q 0 0 0 rg BT 106.49 313.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 125.58 313.35 Td (retains ) Tj ET Q
q 0 0 0 rg BT 155.74 313.35 Td (McLagan ) Tj ET Q
q 0 0 0 rg BT 198.15 313.35 Td (Partners, ) Tj ET Q
q 0 0 0 rg BT 237.35 313.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 244.19 313.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 304.68 313.35 Td (specialist ) Tj ET Q
q 0 0 0 rg BT 345.93 313.35 Td (af) Tj ET Q
q 0 0 0 rg BT 353.90 313.35 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 380.56 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 391.00 313.35 Td (Aon ) Tj ET Q
q 0 0 0 rg BT 411.26 313.35 Td (Hewitt ) Tj ET Q
q 0 0 0 rg BT 442.01 313.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 459.93 313.35 Td (focuses ) Tj ET Q
q 0 0 0 rg BT 493.59 313.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 506.27 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 521.27 313.35 Td (financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 86.02 300.75 Td (industry) Tj ET Q
q 0 0 0 rg BT 119.76 300.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 125.08 300.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 135.95 300.75 Td (provide ) Tj ET Q
q 0 0 0 rg BT 170.73 300.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 231.75 300.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 284.03 300.75 Td (about ) Tj ET Q
q 0 0 0 rg BT 310.06 300.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 334.34 300.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 357.45 300.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 413.80 300.75 Td (competitors ) Tj ET Q
q 0 0 0 rg BT 466.07 300.75 Td (including ) Tj ET Q
q 0 0 0 rg BT 508.44 300.75 Td (competitors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.62 288.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 82.82 288.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 98.61 288.15 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 135.40 288.15 Td (traded, ) Tj ET Q
q 0 0 0 rg BT 166.64 288.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 177.76 288.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 192.95 288.15 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 244.91 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 256.03 288.15 Td (lar) Tj ET Q
q 0 0 0 rg BT 266.92 288.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 282.70 288.15 Td (institutions, ) Tj ET Q
q 0 0 0 rg BT 334.38 288.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 352.50 288.15 Td (generally ) Tj ET Q
q 0 0 0 rg BT 393.94 288.15 Td (do ) Tj ET Q
q 0 0 0 rg BT 406.82 288.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 422.61 288.15 Td (make ) Tj ET Q
q 0 0 0 rg BT 447.73 288.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 508.43 288.15 Td (information ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (about ) Tj ET Q
q 0 0 0 rg BT 76.02 275.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 98.46 275.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 141.89 275.55 Td (of) Tj ET Q
q 0 0 0 rg BT 150.45 275.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 176.96 275.55 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 214.57 275.55 Td (available. ) Tj ET Q
q 0 0 0 rg BT 258.06 275.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 277.58 275.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 327.44 275.55 Td (uses ) Tj ET Q
q 0 0 0 rg BT 348.72 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.74 275.55 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 401.77 275.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 425.38 275.55 Td (McLagan ) Tj ET Q
q 0 0 0 rg BT 468.80 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 480.17 275.55 Td (compare ) Tj ET Q
q 0 0 0 rg BT 519.51 275.55 Td (proposed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 91.91 262.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 152.41 262.95 Td (levels ) Tj ET Q
q 0 0 0 rg BT 179.09 262.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 193.51 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 208.52 262.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 238.69 262.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 281.10 262.95 Td (of) Tj ET Q
q 0 0 0 rg BT 289.66 262.95 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 315.16 262.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 338.91 262.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 359.17 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.18 262.95 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 397.37 262.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 418.21 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 433.22 262.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 493.73 262.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 513.99 262.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 526.67 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 533.51 262.95 Td (group ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.12 250.35 Td (competitors. ) Tj ET Q
q 0 0 0 rg BT 116.19 250.35 Td (Peer ) Tj ET Q
q 0 0 0 rg BT 137.72 250.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 198.91 250.35 Td (levels ) Tj ET Q
q 0 0 0 rg BT 226.27 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 244.30 250.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 300.23 250.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 315.91 250.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 335.70 250.35 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 377.05 250.35 Td (when ) Tj ET Q
q 0 0 0 rg BT 402.66 250.35 Td (both ) Tj ET Q
q 0 0 0 rg BT 424.20 250.35 Td (establishing ) Tj ET Q
q 0 0 0 rg BT 477.24 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.94 250.35 Td (tar) Tj ET Q
q 0 0 0 rg BT 503.82 250.35 Td (get ) Tj ET Q
q 0 0 0 rg BT 519.52 250.35 Td (incentive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (pool ) Tj ET Q
q 0 0 0 rg BT 72.44 237.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 91.88 237.75 Td (allocating ) Tj ET Q
q 0 0 0 rg BT 137.55 237.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 180.31 237.75 Td (awards ) Tj ET Q
q 0 0 0 rg BT 214.33 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 226.77 237.75 Td (individuals. ) Tj ET Q
q 0 0 0 rg BT 280.03 237.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 300.63 237.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 351.56 237.75 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 388.49 237.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 397.43 237.75 Td (group ) Tj ET Q
q 0 0 0 rg BT 426.20 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.22 237.75 Td (competitors ) Tj ET Q
q 0 0 0 rg BT 493.07 237.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 523.01 237.75 Td (includes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (companies ) Tj ET Q
q 0 0 0 rg BT 97.71 225.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 116.76 225.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 132.88 225.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 149.61 225.15 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 187.33 225.15 Td (traded ) Tj ET Q
q 0 0 0 rg BT 216.87 225.15 Td (because ) Tj ET Q
q 0 0 0 rg BT 253.40 225.15 Td (insuf) Tj ET Q
q 0 0 0 rg BT 274.21 225.15 Td (ficient ) Tj ET Q
q 0 0 0 rg BT 304.34 225.15 Td (data ) Tj ET Q
q 0 0 0 rg BT 325.13 225.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 335.44 225.15 Td (available ) Tj ET Q
q 0 0 0 rg BT 376.64 225.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 400.36 225.15 Td (public ) Tj ET Q
q 0 0 0 rg BT 429.91 225.15 Td (company ) Tj ET Q
q 0 0 0 rg BT 471.71 225.15 Td (peers ) Tj ET Q
q 0 0 0 rg BT 497.17 225.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 512.71 225.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 530.02 225.15 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 92.35 212.55 Td (of) Tj ET Q
q 0 0 0 rg BT 100.91 212.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 122.77 212.55 Td (positions ) Tj ET Q
q 0 0 0 rg BT 163.32 212.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 187.52 212.55 Td (than ) Tj ET Q
q 0 0 0 rg BT 208.22 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.67 212.55 Td (CEO. ) Tj ET Q
q 0 0 0 rg BT 249.73 212.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 268.68 212.55 Td (additional ) Tj ET Q
q 0 0 0 rg BT 313.30 212.55 Td (competitor ) Tj ET Q
q 0 0 0 rg BT 361.41 212.55 Td (firms ) Tj ET Q
q 0 0 0 rg BT 386.20 212.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 396.99 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 412.45 212.55 Td (McLagan ) Tj ET Q
q 0 0 0 rg BT 455.31 212.55 Td (analysis ) Tj ET Q
q 0 0 0 rg BT 491.76 212.55 Td (are:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (Allianz ) Tj ET Q
q 0 0 0 rg BT 83.03 187.35 Td (Global ) Tj ET Q
q 0 0 0 rg BT 114.24 187.35 Td (Investors) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (Ameriprise ) Tj ET Q
q 0 0 0 rg BT 99.36 174.75 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 148.64 174.75 Td (Management) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (BrightSphere ) Tj ET Q
q 0 0 0 rg BT 121.50 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 124.13 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 126.75 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 129.38 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 132.00 162.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 134.63 162.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (DWS) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (Fidelity ) Tj ET Q
q 0 0 0 rg BT 84.80 136.95 Td (Investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (Goldman ) Tj ET Q
q 0 0 0 rg BT 91.20 124.35 Td (Sachs ) Tj ET Q
q 0 0 0 rg BT 117.75 124.35 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 143.71 124.35 Td (Management ) Tj ET Q
q 0 0 0 rg BT 229.50 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.13 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 234.75 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 237.38 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 240.00 124.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 242.63 124.35 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (JPMor) Tj ET Q
q 0 0 0 rg BT 77.32 111.75 Td (gan ) Tj ET Q
q 0 0 0 rg BT 94.53 111.75 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 120.49 111.75 Td (Management) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (MFS ) Tj ET Q
q 0 0 0 rg BT 73.14 99.15 Td (Investment ) Tj ET Q
q 0 0 0 rg BT 122.42 99.15 Td (Management ) Tj ET Q
q 0 0 0 rg BT 193.50 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 196.13 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 198.75 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 201.38 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 204.00 99.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 206.63 99.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (Mor) Tj ET Q
q 0 0 0 rg BT 67.39 86.55 Td (gan ) Tj ET Q
q 0 0 0 rg BT 85.18 86.55 Td (Stanley ) Tj ET Q
q 0 0 0 rg BT 119.30 86.55 Td (Inv) Tj ET Q
q 0 0 0 rg BT 132.62 86.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 137.87 86.55 Td (Management) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (Natixis ) Tj ET Q
q 0 0 0 rg BT 82.46 73.95 Td (Global ) Tj ET Q
q 0 0 0 rg BT 113.08 73.95 Td (Asset ) Tj ET Q
q 0 0 0 rg BT 139.04 73.95 Td (Management ) Tj ET Q
q 0 0 0 rg BT 229.50 73.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 232.13 73.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 234.75 73.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 237.38 73.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 240.00 73.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 242.63 73.95 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (Nuveen ) Tj ET Q
q 0 0 0 rg BT 84.78 61.35 Td (Investments) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (PIMCO) Tj ET Q
endstream
endobj
319 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 320 0 R>>
endobj
320 0 obj
<</Length 19930>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (157) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 77.98 741.90 Td (Y) Tj ET Q
q 0 0 0 rg BT 84.40 741.90 Td (ear) Tj ET Q
q 0 0 0 rg BT 98.78 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 101.41 741.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 125.03 741.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 192.42 741.90 Td (Decisions) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (Stockholder) Tj ET Q
q 0 0 0 rg BT 103.57 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 105.61 716.70 Td (Advisory ) Tj ET Q
q 0 0 0 rg BT 148.88 716.70 Td (V) Tj ET Q
q 0 0 0 rg BT 155.50 716.70 Td (ote ) Tj ET Q
q 0 0 0 rg BT 171.54 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 191.09 716.70 Td (Engagement ) Tj ET Q
q 0 0 0 rg BT 249.71 716.70 Td (Feedback ) Tj ET Q
q 0 0 0 rg BT 295.50 716.70 Td (Support ) Tj ET Q
q 0 0 0 rg BT 334.90 716.70 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 402.28 716.70 Td (Decisions) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.76 704.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 116.35 704.10 Td (made ) Tj ET Q
q 0 0 0 rg BT 141.02 704.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 152.87 704.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 177.54 704.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 197.54 704.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 220.48 704.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 280.73 704.10 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 321.74 704.10 Td (mindful ) Tj ET Q
q 0 0 0 rg BT 356.92 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 367.60 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 382.36 704.10 Td (results ) Tj ET Q
q 0 0 0 rg BT 411.70 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 422.38 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 437.14 704.10 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 475.23 704.10 Td (vote ) Tj ET Q
q 0 0 0 rg BT 495.24 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 505.92 704.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 529.43 704.10 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 104.66 691.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 114.33 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.24 691.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 151.87 691.50 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 184.87 691.50 Td (Meeting ) Tj ET Q
q 0 0 0 rg BT 221.95 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 232.78 691.50 Td (Stockholders, ) Tj ET Q
q 0 0 0 rg BT 292.32 691.50 Td (indicating ) Tj ET Q
q 0 0 0 rg BT 336.40 691.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 357.14 691.50 Td (95% ) Tj ET Q
q 0 0 0 rg BT 378.48 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 389.31 691.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 417.64 691.50 Td (voted ) Tj ET Q
q 0 0 0 rg BT 443.05 691.50 Td (approving ) Tj ET Q
q 0 0 0 rg BT 487.71 691.50 Td (named ) Tj ET Q
q 0 0 0 rg BT 517.79 691.50 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 678.90 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 81.52 678.90 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 146.70 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 166.09 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 179.06 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 196.12 678.90 Td (support ) Tj ET Q
q 0 0 0 rg BT 231.85 678.90 Td (generally ) Tj ET Q
q 0 0 0 rg BT 275.15 678.90 Td (expressed ) Tj ET Q
q 0 0 0 rg BT 320.78 678.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 335.51 678.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 353.74 678.90 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 411.04 678.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 427.52 678.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 445.74 678.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 508.29 678.90 Td (practices ) Tj ET Q
q 0 0 0 rg BT 549.84 678.90 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 101.11 666.30 Td (outreach ) Tj ET Q
q 0 0 0 rg BT 139.89 666.30 Td (conversations ) Tj ET Q
q 0 0 0 rg BT 200.25 666.30 Td (over ) Tj ET Q
q 0 0 0 rg BT 221.53 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 236.98 666.30 Td (last ) Tj ET Q
q 0 0 0 rg BT 254.19 666.30 Td (several ) Tj ET Q
q 0 0 0 rg BT 286.55 666.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 311.91 666.30 Td (years.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (Linking ) Tj ET Q
q 0 0 0 rg BT 87.73 641.10 Td (Metrics ) Tj ET Q
q 0 0 0 rg BT 124.75 641.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 136.12 641.10 Td (Strategy ) Tj ET Q
q 0 0 0 rg BT 176.65 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 196.21 641.10 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 244.91 641.10 Td (Priorities) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.96 628.50 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 130.76 628.50 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 180.34 628.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 186.57 628.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 241.76 628.50 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 274.80 628.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 289.18 628.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 314.06 628.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 334.27 628.50 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 357.40 628.50 Td (align ) Tj ET Q
q 0 0 0 rg BT 380.54 628.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 401.34 628.50 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 439.05 628.50 Td (goals ) Tj ET Q
q 0 0 0 rg BT 463.35 628.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 480.65 628.50 Td (drive ) Tj ET Q
q 0 0 0 rg BT 504.36 628.50 Td (management ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (focus ) Tj ET Q
q 0 0 0 rg BT 74.87 615.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 85.66 615.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 101.11 615.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 144.57 615.90 Td (areas:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 77.50 603.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 603.30 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 137.20 603.30 Td (results ) Tj ET Q
q 0 0 0 rg BT 167.24 603.30 Td (tar) Tj ET Q
q 0 0 0 rg BT 178.12 603.30 Td (geted ) Tj ET Q
q 0 0 0 rg BT 203.49 603.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 214.28 603.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 230.90 603.30 Td (multi-year ) Tj ET Q
q 0 0 0 rg BT 277.26 603.30 Td (plan) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 77.50 590.70 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 95.50 590.70 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 135.45 590.70 Td (initiatives ) Tj ET Q
q 0 0 0 rg BT 179.48 590.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 190.28 590.70 Td (diversify ) Tj ET Q
q 0 0 0 rg BT 230.23 590.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 246.85 590.70 Td (business ) Tj ET Q
q 0 0 0 rg BT 285.06 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 302.85 590.70 Td (expand ) Tj ET Q
q 0 0 0 rg BT 335.79 590.70 Td (investor ) Tj ET Q
q 0 0 0 rg BT 372.25 590.70 Td (choice) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (Pending ) Tj ET Q
q 0 0 0 rg BT 88.89 565.50 Td (Merger) Tj ET Q
q 0 0 0 rg BT 122.50 565.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 124.94 565.50 Td (T) Tj ET Q
q 0 0 0 rg BT 131.16 565.50 Td (ransaction ) Tj ET Q
q 0 0 0 rg BT 181.04 565.50 Td (Dr) Tj ET Q
q 0 0 0 rg BT 193.09 565.50 Td (ove ) Tj ET Q
q 0 0 0 rg BT 210.88 565.50 Td (Form ) Tj ET Q
q 0 0 0 rg BT 238.57 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 249.94 565.50 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 293.98 565.50 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.21 552.90 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 119.27 552.90 Td (made ) Tj ET Q
q 0 0 0 rg BT 145.40 552.90 Td (its ) Tj ET Q
q 0 0 0 rg BT 158.71 552.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 184.84 552.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 206.29 552.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 230.69 552.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 292.40 552.90 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 334.87 552.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 362.16 552.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 378.38 552.90 Td (framework ) Tj ET Q
q 0 0 0 rg BT 427.83 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.97 552.90 Td (terms ) Tj ET Q
q 0 0 0 rg BT 466.69 552.90 Td (agreed ) Tj ET Q
q 0 0 0 rg BT 498.06 552.90 Td (between ) Tj ET Q
q 0 0 0 rg BT 536.43 552.90 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 80.74 540.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 98.56 540.30 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 136.80 540.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 147.63 540.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.11 540.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 180.42 540.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 195.90 540.30 Td (Agreement. ) Tj ET Q
q 0 0 0 rg BT 247.83 540.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 259.23 540.30 Td (particular) Tj ET Q
q 0 0 0 rg BT 299.04 540.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 304.32 540.30 Td (no ) Tj ET Q
q 0 0 0 rg BT 317.48 540.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 346.38 540.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 378.78 540.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 401.84 540.30 Td (issued ) Tj ET Q
q 0 0 0 rg BT 430.75 540.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 445.65 540.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 471.05 540.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 491.77 540.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 515.43 540.30 Td (incentives ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 66.52 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 76.55 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 91.24 527.70 Td (prohibition ) Tj ET Q
q 0 0 0 rg BT 139.77 527.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 149.80 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 164.49 527.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 181.80 527.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 196.66 527.70 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 245.16 527.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 257.53 527.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 285.63 527.70 Td (issuances ) Tj ET Q
q 0 0 0 rg BT 327.16 527.70 Td (pending ) Tj ET Q
q 0 0 0 rg BT 362.85 527.70 Td (completion ) Tj ET Q
q 0 0 0 rg BT 411.95 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 422.56 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 437.25 527.70 Td (proposed ) Tj ET Q
q 0 0 0 rg BT 477.60 527.70 Td (mer) Tj ET Q
q 0 0 0 rg BT 493.74 527.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 509.01 527.70 Td (transaction; ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (however) Tj ET Q
q 0 0 0 rg BT 85.23 515.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 90.61 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.18 515.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 155.60 515.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 176.43 515.10 Td (elect ) Tj ET Q
q 0 0 0 rg BT 198.99 515.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 209.91 515.10 Td (convert ) Tj ET Q
q 0 0 0 rg BT 244.15 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 259.73 515.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 297.45 515.10 Td (cash ) Tj ET Q
q 0 0 0 rg BT 318.86 515.10 Td (units ) Tj ET Q
q 0 0 0 rg BT 342.03 515.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 360.52 515.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 383.68 515.10 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 421.99 515.10 Td (into ) Tj ET Q
q 0 0 0 rg BT 441.07 515.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 470.07 515.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 502.56 515.10 Td (if ) Tj ET Q
q 0 0 0 rg BT 511.72 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.30 515.10 Td (Mer) Tj ET Q
q 0 0 0 rg BT 544.60 515.10 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 59.13 502.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 75.17 502.50 Td (completed.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (Determination ) Tj ET Q
q 0 0 0 rg BT 117.44 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 128.82 477.30 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 157.30 477.30 Td (Y) Tj ET Q
q 0 0 0 rg BT 163.72 477.30 Td (ear) Tj ET Q
q 0 0 0 rg BT 178.10 477.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 180.72 477.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 204.35 477.30 Td (Base ) Tj ET Q
q 0 0 0 rg BT 227.97 477.30 Td (Salaries) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.70 Td (At ) Tj ET Q
q 0 0 0 rg BT 63.42 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.66 464.70 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 125.08 464.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 137.24 464.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 163.40 464.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 184.88 464.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 209.30 464.70 Td (when ) Tj ET Q
q 0 0 0 rg BT 235.46 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 251.70 464.70 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 301.78 464.70 Td (determined ) Tj ET Q
q 0 0 0 rg BT 352.43 464.70 Td (salaries, ) Tj ET Q
q 0 0 0 rg BT 389.96 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 406.20 464.70 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 456.28 464.70 Td (did ) Tj ET Q
q 0 0 0 rg BT 473.12 464.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 489.95 464.70 Td (change ) Tj ET Q
q 0 0 0 rg BT 523.10 464.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 539.35 464.70 Td (base ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (salaries ) Tj ET Q
q 0 0 0 rg BT 83.61 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.98 452.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 112.77 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 124.14 452.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 139.59 452.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 170.21 452.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 213.06 452.10 Td (of) Tj ET Q
q 0 0 0 rg BT 221.62 452.10 Td (ficers.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (Determination ) Tj ET Q
q 0 0 0 rg BT 117.44 426.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 128.82 426.90 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 157.30 426.90 Td (Y) Tj ET Q
q 0 0 0 rg BT 163.72 426.90 Td (ear) Tj ET Q
q 0 0 0 rg BT 178.10 426.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 180.72 426.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 204.35 426.90 Td (Bonus ) Tj ET Q
q 0 0 0 rg BT 234.99 426.90 Td (Pool) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.62 414.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 91.89 414.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 112.50 414.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 138.66 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.02 414.30 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 203.21 414.30 Td (approved ) Tj ET Q
q 0 0 0 rg BT 244.82 414.30 Td (tar) Tj ET Q
q 0 0 0 rg BT 255.70 414.30 Td (get ) Tj ET Q
q 0 0 0 rg BT 271.06 414.30 Td (incentives ) Tj ET Q
q 0 0 0 rg BT 316.17 414.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 330.95 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 346.31 414.30 Td (five ) Tj ET Q
q 0 0 0 rg BT 365.17 414.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 376.45 414.30 Td (eight ) Tj ET Q
q 0 0 0 rg BT 399.98 414.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 442.74 414.30 Td (of) Tj ET Q
q 0 0 0 rg BT 451.30 414.30 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 477.15 414.30 Td (who ) Tj ET Q
q 0 0 0 rg BT 497.77 414.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 520.70 414.30 Td (expected ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 59.08 401.70 Td (remain ) Tj ET Q
q 0 0 0 rg BT 89.65 401.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 109.73 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.97 401.70 Td (company ) Tj ET Q
q 0 0 0 rg BT 163.87 401.70 Td (after ) Tj ET Q
q 0 0 0 rg BT 184.52 401.70 Td (January ) Tj ET Q
q 0 0 0 rg BT 218.59 401.70 Td (1, ) Tj ET Q
q 0 0 0 rg BT 227.88 401.70 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 252.91 401.70 Td (Beginning ) Tj ET Q
q 0 0 0 rg BT 298.08 401.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 307.66 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 321.90 401.70 Td (first ) Tj ET Q
q 0 0 0 rg BT 340.23 401.70 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 371.37 401.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 381.53 401.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 405.69 401.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 425.17 401.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 450.21 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 464.45 401.70 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 512.52 401.70 Td (considered ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.48 389.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 119.68 389.10 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 152.73 389.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 170.04 389.10 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 207.76 389.10 Td (qualitative ) Tj ET Q
q 0 0 0 rg BT 254.23 389.10 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 287.28 389.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 297.60 389.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 309.66 389.10 Td (used ) Tj ET Q
q 0 0 0 rg BT 331.06 389.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 341.38 389.10 Td (connection ) Tj ET Q
q 0 0 0 rg BT 389.59 389.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 410.41 389.10 Td (making ) Tj ET Q
q 0 0 0 rg BT 444.05 389.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 504.52 389.10 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 545.75 389.10 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 74.31 376.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 94.45 376.50 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 119.99 376.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 138.39 376.50 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 187.12 376.50 Td (considered ) Tj ET Q
q 0 0 0 rg BT 234.67 376.50 Td (whether ) Tj ET Q
q 0 0 0 rg BT 270.56 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 285.46 376.50 Td (existing ) Tj ET Q
q 0 0 0 rg BT 320.78 376.50 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 353.75 376.50 Td (adequately ) Tj ET Q
q 0 0 0 rg BT 401.30 376.50 Td (linked ) Tj ET Q
q 0 0 0 rg BT 429.62 376.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 439.85 376.50 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 481.57 376.50 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 516.87 376.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 534.10 376.50 Td (drove ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 101.08 363.90 Td (incentives ) Tj ET Q
q 0 0 0 rg BT 147.43 363.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 166.36 363.90 Td (whether ) Tj ET Q
q 0 0 0 rg BT 203.95 363.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 222.89 363.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 248.24 363.90 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 282.92 363.90 Td (would ) Tj ET Q
q 0 0 0 rg BT 312.94 363.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 326.62 363.90 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 378.21 363.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 390.15 363.90 Td (add. ) Tj ET Q
q 0 0 0 rg BT 411.71 363.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 424.23 363.90 Td (prior ) Tj ET Q
q 0 0 0 rg BT 448.41 363.90 Td (years, ) Tj ET Q
q 0 0 0 rg BT 476.96 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 493.57 363.90 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 544.00 363.90 Td (has ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (determined ) Tj ET Q
q 0 0 0 rg BT 99.48 351.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 117.98 351.30 Td (measures ) Tj ET Q
q 0 0 0 rg BT 159.81 351.30 Td (should ) Tj ET Q
q 0 0 0 rg BT 190.56 351.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 203.23 351.30 Td (added ) Tj ET Q
q 0 0 0 rg BT 231.05 351.30 Td (only ) Tj ET Q
q 0 0 0 rg BT 252.47 351.30 Td (if ) Tj ET Q
q 0 0 0 rg BT 261.64 351.30 Td (they ) Tj ET Q
q 0 0 0 rg BT 282.47 351.30 Td (provide ) Tj ET Q
q 0 0 0 rg BT 317.30 351.30 Td (new ) Tj ET Q
q 0 0 0 rg BT 337.55 351.30 Td (information ) Tj ET Q
q 0 0 0 rg BT 389.87 351.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 407.79 351.30 Td (can ) Tj ET Q
q 0 0 0 rg BT 425.11 351.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 437.78 351.30 Td (influenced ) Tj ET Q
q 0 0 0 rg BT 484.84 351.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 498.10 351.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 522.43 351.30 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 553.93 351.30 Td (s ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 92.35 338.70 Td (of) Tj ET Q
q 0 0 0 rg BT 100.91 338.70 Td (ficers. ) Tj ET Q
q 0 0 0 rg BT 129.29 338.70 Td (They ) Tj ET Q
q 0 0 0 rg BT 153.49 338.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 173.03 338.70 Td (considered ) Tj ET Q
q 0 0 0 rg BT 221.14 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 236.59 338.70 Td (perspective ) Tj ET Q
q 0 0 0 rg BT 287.02 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 298.40 338.70 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 354.10 338.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 364.89 338.70 Td (assessing ) Tj ET Q
q 0 0 0 rg BT 406.60 338.70 Td (company ) Tj ET Q
q 0 0 0 rg BT 447.71 338.70 Td (performance.) Tj ET Q
endstream
endobj
321 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 322 0 R>>
endobj
322 0 obj
<</Length 23097>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (158) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.08 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.75 741.75 Td (course ) Tj ET Q
q 0 0 0 rg BT 106.99 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.57 741.75 Td (several ) Tj ET Q
q 0 0 0 rg BT 151.14 741.75 Td (meetings ) Tj ET Q
q 0 0 0 rg BT 191.88 741.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 222.13 741.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 247.71 741.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 268.61 741.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 295.07 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.73 741.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 360.23 741.75 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 401.54 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 419.54 741.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 462.62 741.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 475.37 741.75 Td (updated ) Tj ET Q
q 0 0 0 rg BT 511.44 741.75 Td (process ) Tj ET Q
q 0 0 0 rg BT 545.77 741.75 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (determining ) Tj ET Q
q 0 0 0 rg BT 104.10 729.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 148.18 729.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 210.36 729.15 Td (and, ) Tj ET Q
q 0 0 0 rg BT 232.00 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 244.03 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 260.71 729.15 Td (third ) Tj ET Q
q 0 0 0 rg BT 284.40 729.15 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 317.99 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 330.60 729.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 357.20 729.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 384.68 729.15 Td (after ) Tj ET Q
q 0 0 0 rg BT 407.77 729.15 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 455.38 729.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 477.91 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 494.59 729.15 Td (full ) Tj ET Q
q 0 0 0 rg BT 513.03 729.15 Td (Board, ) Tj ET Q
q 0 0 0 rg BT 545.18 729.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 98.48 716.55 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 134.03 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 141.01 716.55 Td (new ) Tj ET Q
q 0 0 0 rg BT 160.82 716.55 Td (framework ) Tj ET Q
q 0 0 0 rg BT 209.20 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 223.76 716.55 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 269.81 716.55 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 327.80 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 338.28 716.55 Td (strengthen ) Tj ET Q
q 0 0 0 rg BT 384.33 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 399.48 716.55 Td (linkage ) Tj ET Q
q 0 0 0 rg BT 432.70 716.55 Td (between ) Tj ET Q
q 0 0 0 rg BT 470.00 716.55 Td (pay ) Tj ET Q
q 0 0 0 rg BT 487.48 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 504.95 716.55 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.31 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 78.13 703.95 Td (enhance ) Tj ET Q
q 0 0 0 rg BT 115.18 703.95 Td (individual ) Tj ET Q
q 0 0 0 rg BT 160.41 703.95 Td (accountability ) Tj ET Q
q 0 0 0 rg BT 222.54 703.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 237.44 703.95 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 295.76 703.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 298.22 703.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 317.20 703.95 Td (changes ) Tj ET Q
q 0 0 0 rg BT 353.67 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 364.49 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.97 703.95 Td (framework ) Tj ET Q
q 0 0 0 rg BT 428.68 703.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 451.74 703.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 477.14 703.95 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 500.79 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 511.61 703.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 537.00 703.95 Td (2020 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 64.94 691.35 Td (summarized ) Tj ET Q
q 0 0 0 rg BT 118.89 691.35 Td (below:) Tj ET Q
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 680.85 m
50 665.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 680.85 m
147 680.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
147 680.85 m
303 680.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
559 680.85 m
559 665.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
303 680.85 m
559 680.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 665.85 m
50 618.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 665.85 m
147 665.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
147 665.85 m
303 665.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
559 665.85 m
559 618.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
303 665.85 m
559 665.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 618.85 m
50 548.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 618.85 m
147 618.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
147 618.85 m
303 618.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
559 618.85 m
559 548.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
303 618.85 m
559 618.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 548.85 m
50 470.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 548.85 m
147 548.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
147 548.85 m
303 548.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
559 548.85 m
559 470.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
303 548.85 m
559 548.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 470.85 m
50 355.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 470.85 m
147 470.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
50 355.85 m
147 355.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
147 470.85 m
303 470.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
147 355.85 m
303 355.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
559 470.85 m
559 355.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
303 470.85 m
559 470.85 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
303 355.85 m
559 355.85 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 670.64 Td (Plan Element) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 149.50 670.64 Td (FY2019 Plan) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 305.50 670.64 Td (Pr) Tj ET Q
q 0 0 0 rg BT 316.38 670.64 Td (oposed FY2020 Plan) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 656.24 Td (Incentive) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 645.74 Td (T) Tj ET Q
q 0 0 0 rg BT 58.54 645.74 Td (argets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 656.07 Td (N/A) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 305.50 656.06 Td (T) Tj ET Q
q 0 0 0 rg BT 310.38 656.06 Td (ar) Tj ET Q
q 0 0 0 rg BT 319.32 656.06 Td (gets set for each individual) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 635.07 Td (Established in Q1 based on peer \(market\) median, or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 624.57 Td (appropriate market point.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 609.24 Td (Performance) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 598.74 Td (Metrics) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 609.07 Td (Quantitative and qualitative ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 598.57 Td (metrics considered when ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 588.07 Td (determining awards by executives.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 609.07 Td (Metrics divided into three categories and weighted - ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 598.57 Td (financial performance \(60%\), strategy & af) Tj ET Q
q 0 0 0 rg BT 486.65 598.57 Td (filiate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 588.07 Td (relationships \(30%\) and or) Tj ET Q
q 0 0 0 rg BT 416.99 588.07 Td (ganizational health \(10%\).  ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 577.57 Td (Performance evaluated in each category at the end of Q4 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 567.07 Td (and payment determined calculated based on payout scale ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 556.57 Td (\(0-150%\).) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 539.24 Td (Incentive Mix) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 539.07 Td (CEO: 40% Cash and 60% Equity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 522.57 Td (NEOs: 50% Cash and 50% Equity) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 305.50 539.06 Td (Incr) Tj ET Q
q 0 0 0 rg BT 322.60 539.06 Td (eased equity*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 522.57 Td (CEO: 30% Cash and 70% Equity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 506.07 Td (NEOs: 45% Cash and 55% Equity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 489.57 Td (* No equity ultimately was issued for fiscal 2020 due to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 479.07 Td (proposed Mer) Tj ET Q
q 0 0 0 rg BT 363.92 479.07 Td (ger) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 461.24 Td (Equity Mix) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 461.07 Td (CEO: ) Tj ET Q
q 0 0 0 rg BT 176.04 461.07 Td (50% ) Tj ET Q
q 0 0 0 rg BT 197.91 461.07 Td (PSUs ) Tj ET Q
q 0 0 0 rg BT 223.89 461.07 Td (and ) Tj ET Q
q 0 0 0 rg BT 241.67 461.07 Td (50% ) Tj ET Q
q 0 0 0 rg BT 263.55 461.07 Td (RSUs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 444.57 Td (NEOs: ) Tj ET Q
q 0 0 0 rg BT 180.71 444.57 Td (50% ) Tj ET Q
q 0 0 0 rg BT 202.58 444.57 Td (PSUs ) Tj ET Q
q 0 0 0 rg BT 228.55 444.57 Td (and ) Tj ET Q
q 0 0 0 rg BT 246.34 444.57 Td (50% ) Tj ET Q
q 0 0 0 rg BT 268.21 444.57 Td (RSUs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 428.07 Td (PSU ) Tj ET Q
q 0 0 0 rg BT 170.40 428.07 Td (awards ) Tj ET Q
q 0 0 0 rg BT 201.77 428.07 Td (include ) Tj ET Q
q 0 0 0 rg BT 234.31 428.07 Td (relative ) Tj ET Q
q 0 0 0 rg BT 267.42 428.07 Td (ranking ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 417.57 Td (of ) Tj ET Q
q 0 0 0 rg BT 160.01 417.57 Td (TSR ) Tj ET Q
q 0 0 0 rg BT 181.16 417.57 Td ( ) Tj ET Q
q 0 0 0 rg BT 183.06 417.57 Td (and ) Tj ET Q
q 0 0 0 rg BT 200.12 417.57 Td (Or) Tj ET Q
q 0 0 0 rg BT 211.01 417.57 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 235.64 417.57 Td (Growth ) Tj ET Q
q 0 0 0 rg BT 269.62 417.57 Td (Rate ) Tj ET Q
q 0 0 0 rg BT 290.76 417.57 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 149.50 407.07 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 196.45 407.07 Td (AUM) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 305.50 461.06 Td (Incr) Tj ET Q
q 0 0 0 rg BT 322.60 461.06 Td (eased pr) Tj ET Q
q 0 0 0 rg BT 358.08 461.06 Td (oportion of PSUs for CEO*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 444.57 Td (CEO: 70% PSUs and 30% RSUs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 428.07 Td (NEOs: 50% PSUs and 50% RSUs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 411.57 Td (PSU plan redesigned to include ) Tj ET Q
q 0 0 0 rg BT 439.94 411.57 Td (Adjusted Operating ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 401.07 Td (Mar) Tj ET Q
q 0 0 0 rg BT 322.80 401.07 Td (gin vs. goal and Relative Or) Tj ET Q
q 0 0 0 rg BT 440.42 401.07 Td (ganic Growth Rate of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 390.57 Td (Long-term ) Tj ET Q
q 0 0 0 rg BT 352.45 390.57 Td (AUM with Relative ) Tj ET Q
q 0 0 0 rg BT 438.29 390.57 Td (TSR as a modifier) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 374.07 Td (*No equity ultimately was issued for fiscal 2020 due to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 305.50 363.57 Td (proposed Mer) Tj ET Q
q 0 0 0 rg BT 363.92 363.57 Td (ger) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 331.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.76 331.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 120.36 331.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 171.53 331.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 191.21 331.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 207.98 331.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 248.65 331.75 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 283.49 331.75 Td (below ) Tj ET Q
q 0 0 0 rg BT 313.09 331.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 329.85 331.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 346.61 331.75 Td (most ) Tj ET Q
q 0 0 0 rg BT 370.97 331.75 Td (meaningful ) Tj ET Q
q 0 0 0 rg BT 422.73 331.75 Td (drivers ) Tj ET Q
q 0 0 0 rg BT 455.82 331.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 468.51 331.75 Td (behavior ) Tj ET Q
q 0 0 0 rg BT 509.18 331.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 528.86 331.75 Td (creates ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 319.15 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 101.11 319.15 Td (value, ) Tj ET Q
q 0 0 0 rg BT 129.10 319.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 150.40 319.15 Td (absolute ) Tj ET Q
q 0 0 0 rg BT 188.01 319.15 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 221.55 319.15 Td (evaluated ) Tj ET Q
q 0 0 0 rg BT 264.40 319.15 Td (against ) Tj ET Q
q 0 0 0 rg BT 296.77 319.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 304.05 319.15 Td (multi) Tj ET Q
/GS0 gs
q 3.82 0 0 10.55 326.22 316.88 cm
/I44 Do Q
q 0 0 0 rg BT 330.04 319.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 350.73 319.15 Td (plan ) Tj ET Q
q 0 0 0 rg BT 371.44 319.15 Td (approved ) Tj ET Q
q 0 0 0 rg BT 413.13 319.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 426.25 319.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.71 319.15 Td (Board:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 293.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 293.95 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 108.04 293.95 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 152.65 293.95 Td (Mar) Tj ET Q
q 0 0 0 rg BT 169.96 293.95 Td (gin) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 183.37 298.71 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 281.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 281.35 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 107.45 281.35 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 163.72 281.35 Td (cost ) Tj ET Q
q 0 0 0 rg BT 183.26 281.35 Td (savings) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 214.76 286.11 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 268.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 268.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 85.29 268.75 Td (Revenue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 256.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 256.15 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 108.04 256.15 Td (EBITDA) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 146.53 260.91 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 243.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 243.55 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 108.04 243.55 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 147.99 243.55 Td (per ) Tj ET Q
q 0 0 0 rg BT 164.02 243.55 Td (Share) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 187.93 248.31 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 218.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.79 218.35 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 116.42 218.35 Td (selected ) Tj ET Q
q 0 0 0 rg BT 152.20 218.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.99 218.35 Td (following ) Tj ET Q
q 0 0 0 rg BT 209.79 218.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 220.50 218.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 227.12 218.35 Td (second ) Tj ET Q
q 0 0 0 rg BT 258.25 218.35 Td (tier ) Tj ET Q
q 0 0 0 rg BT 274.20 218.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 284.91 218.35 Td (relative ) Tj ET Q
q 0 0 0 rg BT 318.36 218.35 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 351.23 218.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 378.86 218.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 398.90 218.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 410.78 218.35 Td (considered ) Tj ET Q
q 0 0 0 rg BT 458.22 218.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 468.93 218.35 Td (additional ) Tj ET Q
q 0 0 0 rg BT 512.89 218.35 Td (data ) Tj ET Q
q 0 0 0 rg BT 532.34 218.35 Td (points ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 205.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 79.54 205.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 94.99 205.75 Td (fourth ) Tj ET Q
q 0 0 0 rg BT 123.28 205.75 Td (quarter ) Tj ET Q
q 0 0 0 rg BT 155.63 205.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.01 205.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 182.46 205.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 207.82 205.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 228.52 205.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 237.56 205.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.01 205.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 302.30 205.75 Td (deems ) Tj ET Q
q 0 0 0 rg BT 331.75 205.75 Td (necessary:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 180.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 180.55 Td (Relative ) Tj ET Q
q 0 0 0 rg BT 104.92 180.55 Td (T) Tj ET Q
q 0 0 0 rg BT 110.60 180.55 Td (otal ) Tj ET Q
q 0 0 0 rg BT 128.97 180.55 Td (Stockholder ) Tj ET Q
q 0 0 0 rg BT 182.34 180.55 Td (Return) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 210.92 185.31 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 167.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 167.95 Td (Relative ) Tj ET Q
q 0 0 0 rg BT 105.11 167.95 Td (Or) Tj ET Q
q 0 0 0 rg BT 116.00 167.95 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 141.37 167.95 Td (Growth ) Tj ET Q
q 0 0 0 rg BT 176.07 167.95 Td (Rate ) Tj ET Q
q 0 0 0 rg BT 197.94 167.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.31 167.95 Td (Long ) Tj ET Q
q 0 0 0 rg BT 233.91 167.95 Td (T) Tj ET Q
q 0 0 0 rg BT 239.59 167.95 Td (erm ) Tj ET Q
q 0 0 0 rg BT 257.96 167.95 Td (AUM) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 282.46 172.71 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 155.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 155.35 Td (Relative ) Tj ET Q
q 0 0 0 rg BT 105.11 155.35 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 149.72 155.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 183.83 155.35 Td (Growth) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 142.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 142.75 Td (Relative ) Tj ET Q
q 0 0 0 rg BT 105.11 142.75 Td (Net ) Tj ET Q
q 0 0 0 rg BT 122.90 142.75 Td (Income ) Tj ET Q
q 0 0 0 rg BT 157.01 142.75 Td (Growth) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 49.50 122.31 Td (\(1\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 117.55 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 108.33 117.55 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 153.23 117.55 Td (Mar) Tj ET Q
q 0 0 0 rg BT 170.53 117.55 Td (gin ) Tj ET Q
q 0 0 0 rg BT 186.86 117.55 Td (refers ) Tj ET Q
q 0 0 0 rg BT 213.67 117.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 224.75 117.55 Td (dividing ) Tj ET Q
q 0 0 0 rg BT 262.66 117.55 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 275.49 117.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 318.05 117.55 Td (income, ) Tj ET Q
q 0 0 0 rg BT 354.49 117.55 Td (adjusted ) Tj ET Q
q 0 0 0 rg BT 392.40 117.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 403.48 117.55 Td (exclude ) Tj ET Q
q 0 0 0 rg BT 439.04 117.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.78 117.55 Td (impact ) Tj ET Q
q 0 0 0 rg BT 486.27 117.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 499.68 117.55 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 104.95 Td (expense ) Tj ET Q
q 0 0 0 rg BT 104.62 104.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.67 104.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 142.13 104.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 154.18 104.95 Td (losses ) Tj ET Q
q 0 0 0 rg BT 182.57 104.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 196.37 104.95 Td (investments ) Tj ET Q
q 0 0 0 rg BT 249.84 104.95 Td (made ) Tj ET Q
q 0 0 0 rg BT 275.88 104.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 287.35 104.95 Td (fund ) Tj ET Q
q 0 0 0 rg BT 309.90 104.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 348.17 104.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 409.79 104.95 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 437.89 104.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.02 104.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 485.89 104.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 499.69 104.95 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 92.35 Td (expense ) Tj ET Q
q 0 0 0 rg BT 102.77 92.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 112.98 92.35 Td (gains ) Tj ET Q
q 0 0 0 rg BT 136.60 92.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 146.80 92.35 Td (losses ) Tj ET Q
q 0 0 0 rg BT 173.34 92.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 185.30 92.35 Td (seed ) Tj ET Q
q 0 0 0 rg BT 205.41 92.35 Td (capital ) Tj ET Q
q 0 0 0 rg BT 234.85 92.35 Td (investments ) Tj ET Q
q 0 0 0 rg BT 286.47 92.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 298.43 92.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 313.88 92.35 Td (af) Tj ET Q
q 0 0 0 rg BT 321.85 92.35 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 351.88 92.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 377.24 92.35 Td (revenue ) Tj ET Q
q 0 0 0 rg BT 411.93 92.35 Td (sharing ) Tj ET Q
q 0 0 0 rg BT 444.30 92.35 Td (arrangements, ) Tj ET Q
q 0 0 0 rg BT 504.93 92.35 Td (amortization ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 79.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 99.17 79.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 110.44 79.75 Td (intangible ) Tj ET Q
q 0 0 0 rg BT 155.53 79.75 Td (assets, ) Tj ET Q
q 0 0 0 rg BT 185.75 79.75 Td (income ) Tj ET Q
q 0 0 0 rg BT 219.76 79.75 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 246.20 79.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 258.05 79.75 Td (CIVs, ) Tj ET Q
q 0 0 0 rg BT 285.94 79.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.87 79.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 333.55 79.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 345.40 79.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 363.07 79.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 388.91 79.75 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 442.18 79.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 454.03 79.75 Td (contingent ) Tj ET Q
q 0 0 0 rg BT 501.45 79.75 Td (consideration ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 67.15 Td (liabilities, ) Tj ET Q
q 0 0 0 rg BT 111.66 67.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 120.54 67.15 Td (any) Tj ET Q
q 0 0 0 rg BT 135.02 67.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 140.10 67.15 Td (unusual ) Tj ET Q
q 0 0 0 rg BT 175.22 67.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 192.84 67.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 216.87 67.15 Td (non-core ) Tj ET Q
q 0 0 0 rg BT 256.65 67.15 Td (char) Tj ET Q
q 0 0 0 rg BT 274.53 67.15 Td (ges ) Tj ET Q
q 0 0 0 rg BT 290.98 67.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 308.60 67.15 Td (impairment ) Tj ET Q
q 0 0 0 rg BT 359.46 67.15 Td (char) Tj ET Q
q 0 0 0 rg BT 377.34 67.15 Td (ges ) Tj ET Q
q 0 0 0 rg BT 393.80 67.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 406.76 67.15 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 422.04 67.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 438.50 67.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 480.61 67.15 Td (revenues, ) Tj ET Q
q 0 0 0 rg BT 523.01 67.15 Td (adjusted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 54.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 78.49 54.55 Td (add ) Tj ET Q
q 0 0 0 rg BT 96.47 54.55 Td (back ) Tj ET Q
q 0 0 0 rg BT 119.11 54.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 134.76 54.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 183.65 54.55 Td (advisory ) Tj ET Q
q 0 0 0 rg BT 222.64 54.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 242.36 54.55 Td (eliminated ) Tj ET Q
q 0 0 0 rg BT 289.50 54.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 313.32 54.55 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 372.72 54.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 384.28 54.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 433.18 54.55 Td (vehicles, ) Tj ET Q
q 0 0 0 rg BT 473.03 54.55 Td (less ) Tj ET Q
q 0 0 0 rg BT 491.60 54.55 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 542.84 54.55 Td (and ) Tj ET Q
endstream
endobj
323 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 324 0 R>>
endobj
324 0 obj
<</Length 25384>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (159) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 741.75 Td (servicing ) Tj ET Q
q 0 0 0 rg BT 108.60 741.75 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 149.12 741.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 177.40 741.75 Td (we ) Tj ET Q
q 0 0 0 rg BT 192.25 741.75 Td (use ) Tj ET Q
q 0 0 0 rg BT 208.86 741.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 220.22 741.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 232.75 741.75 Td (approximate ) Tj ET Q
q 0 0 0 rg BT 287.84 741.75 Td (measure ) Tj ET Q
q 0 0 0 rg BT 325.44 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 336.80 741.75 Td (revenues ) Tj ET Q
q 0 0 0 rg BT 376.72 741.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 395.08 741.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 410.51 741.75 Td (passed ) Tj ET Q
q 0 0 0 rg BT 441.12 741.75 Td (through ) Tj ET Q
q 0 0 0 rg BT 476.40 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 487.18 741.75 Td (third ) Tj ET Q
q 0 0 0 rg BT 509.63 741.75 Td (parties, ) Tj ET Q
q 0 0 0 rg BT 542.85 741.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 729.15 Td (less ) Tj ET Q
q 0 0 0 rg BT 84.57 729.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 138.93 729.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 157.15 729.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 174.22 729.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 188.35 729.15 Td (passed ) Tj ET Q
q 0 0 0 rg BT 217.66 729.15 Td (through ) Tj ET Q
q 0 0 0 rg BT 251.64 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 261.71 729.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 321.34 729.15 Td (expense ) Tj ET Q
q 0 0 0 rg BT 356.48 729.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 366.54 729.15 Td (net ) Tj ET Q
q 0 0 0 rg BT 380.68 729.15 Td (income ) Tj ET Q
q 0 0 0 rg BT 412.91 729.15 Td (\(loss\) ) Tj ET Q
q 0 0 0 rg BT 437.56 729.15 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 486.69 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 496.17 729.15 Td (noncontrolling ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 716.55 Td (interest. ) Tj ET Q
q 0 0 0 rg BT 103.17 716.55 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 143.84 716.55 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 188.57 716.55 Td (Mar) Tj ET Q
q 0 0 0 rg BT 205.87 716.55 Td (gin ) Tj ET Q
q 0 0 0 rg BT 222.04 716.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 231.79 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 239.20 716.55 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 286.65 716.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 289.39 716.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 327.73 716.55 Td (measure. ) Tj ET Q
q 0 0 0 rg BT 368.09 716.55 Td (Please ) Tj ET Q
q 0 0 0 rg BT 397.66 716.55 Td (refer ) Tj ET Q
q 0 0 0 rg BT 420.22 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 431.13 716.55 Td (page ) Tj ET Q
q 0 0 0 rg BT 453.70 716.55 Td (59 ) Tj ET Q
q 0 0 0 rg BT 466.95 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 478.45 716.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 495.76 716.55 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 529.42 716.55 Td (Report ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 80.63 703.95 Td (Form ) Tj ET Q
q 0 0 0 rg BT 106.00 703.95 Td (10-K ) Tj ET Q
q 0 0 0 rg BT 130.21 703.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 145.08 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 152.36 703.95 Td (reconciliation ) Tj ET Q
q 0 0 0 rg BT 212.71 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 223.51 703.95 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 264.05 703.95 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 308.66 703.95 Td (Mar) Tj ET Q
q 0 0 0 rg BT 325.96 703.95 Td (gin ) Tj ET Q
q 0 0 0 rg BT 342.00 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 352.80 703.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 395.07 703.95 Td (revenues.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 49.50 696.11 Td (\(2\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 691.35 Td (W) Tj ET Q
q 0 0 0 rg BT 76.57 691.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 83.25 691.35 Td (define ) Tj ET Q
q 0 0 0 rg BT 111.51 691.35 Td (�Strategic ) Tj ET Q
q 0 0 0 rg BT 155.52 691.35 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 211.19 691.35 Td (cost ) Tj ET Q
q 0 0 0 rg BT 230.13 691.35 Td (savings� ) Tj ET Q
q 0 0 0 rg BT 268.32 691.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 279.09 691.35 Td (savings ) Tj ET Q
q 0 0 0 rg BT 312.61 691.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 325.14 691.35 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 388.11 691.35 Td (occupancy ) Tj ET Q
q 0 0 0 rg BT 435.02 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 452.21 691.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 475.81 691.35 Td (costs ) Tj ET Q
q 0 0 0 rg BT 498.83 691.35 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 537.60 691.35 Td (from ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 84.12 678.75 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 122.31 678.75 Td (restructuring.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 49.50 670.91 Td (\(3\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 666.15 Td (W) Tj ET Q
q 0 0 0 rg BT 76.57 666.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 84.19 666.15 Td (define ) Tj ET Q
q 0 0 0 rg BT 113.38 666.15 Td (�Adjusted ) Tj ET Q
q 0 0 0 rg BT 158.91 666.15 Td (EBITDA� ) Tj ET Q
q 0 0 0 rg BT 205.01 666.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 216.72 666.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 238.33 666.15 Td (provided ) Tj ET Q
q 0 0 0 rg BT 278.61 666.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 292.06 666.15 Td (\(used ) Tj ET Q
q 0 0 0 rg BT 317.76 666.15 Td (in\) ) Tj ET Q
q 0 0 0 rg BT 332.38 666.15 Td (operating ) Tj ET Q
q 0 0 0 rg BT 374.99 666.15 Td (activities ) Tj ET Q
q 0 0 0 rg BT 415.85 666.15 Td (plus ) Tj ET Q
q 0 0 0 rg BT 436.31 666.15 Td (\(minus\) ) Tj ET Q
q 0 0 0 rg BT 471.92 666.15 Td (interest ) Tj ET Q
q 0 0 0 rg BT 505.79 666.15 Td (expense, ) Tj ET Q
q 0 0 0 rg BT 545.18 666.15 Td (net ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 78.55 653.55 Td (accretion ) Tj ET Q
q 0 0 0 rg BT 119.33 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 136.80 653.55 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 192.17 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 203.22 653.55 Td (debt ) Tj ET Q
q 0 0 0 rg BT 223.60 653.55 Td (discounts ) Tj ET Q
q 0 0 0 rg BT 265.57 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 283.04 653.55 Td (premiums, ) Tj ET Q
q 0 0 0 rg BT 329.96 653.55 Td (current ) Tj ET Q
q 0 0 0 rg BT 362.00 653.55 Td (income ) Tj ET Q
q 0 0 0 rg BT 395.21 653.55 Td (tax ) Tj ET Q
q 0 0 0 rg BT 410.34 653.55 Td (expense ) Tj ET Q
q 0 0 0 rg BT 446.47 653.55 Td (\(benefit\), ) Tj ET Q
q 0 0 0 rg BT 487.54 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.68 653.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 517.81 653.55 Td (change ) Tj ET Q
q 0 0 0 rg BT 549.85 653.55 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 640.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 96.00 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 115.16 640.95 Td (liabilities, ) Tj ET Q
q 0 0 0 rg BT 160.86 640.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 177.69 640.95 Td (\(income\) ) Tj ET Q
q 0 0 0 rg BT 219.59 640.95 Td (loss ) Tj ET Q
q 0 0 0 rg BT 239.93 640.95 Td (attributable ) Tj ET Q
q 0 0 0 rg BT 291.74 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 303.91 640.95 Td (noncontrolling ) Tj ET Q
q 0 0 0 rg BT 369.74 640.95 Td (interests, ) Tj ET Q
q 0 0 0 rg BT 411.36 640.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 428.18 640.95 Td (gains ) Tj ET Q
q 0 0 0 rg BT 454.35 640.95 Td (\(losses\) ) Tj ET Q
q 0 0 0 rg BT 490.43 640.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 504.93 640.95 Td (consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 628.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 116.43 628.35 Td (vehicles, ) Tj ET Q
q 0 0 0 rg BT 156.30 628.35 Td (net ) Tj ET Q
q 0 0 0 rg BT 171.98 628.35 Td (gains ) Tj ET Q
q 0 0 0 rg BT 196.99 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 215.00 628.35 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 253.42 628.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 266.77 628.35 Td (investments, ) Tj ET Q
q 0 0 0 rg BT 322.41 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 340.41 628.35 Td (other) Tj ET Q
q 0 0 0 rg BT 361.57 628.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 367.04 628.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 395.55 628.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 405.40 628.35 Td (principally ) Tj ET Q
q 0 0 0 rg BT 453.74 628.35 Td (comprised ) Tj ET Q
q 0 0 0 rg BT 500.33 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 511.92 628.35 Td (acquisition ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 84.35 615.75 Td (transition-related ) Tj ET Q
q 0 0 0 rg BT 157.77 615.75 Td (costs. ) Tj ET Q
q 0 0 0 rg BT 182.96 615.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 200.97 615.75 Td (net ) Tj ET Q
q 0 0 0 rg BT 215.49 615.75 Td (change ) Tj ET Q
q 0 0 0 rg BT 246.92 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 256.77 615.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 282.96 615.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 299.81 615.75 Td (liabilities ) Tj ET Q
q 0 0 0 rg BT 340.58 615.75 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 388.35 615.75 Td (aligns ) Tj ET Q
q 0 0 0 rg BT 415.12 615.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 435.48 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 450.00 615.75 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 478.20 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 479.89 615.75 Td (basis ) Tj ET Q
q 0 0 0 rg BT 502.58 615.75 Td (Consolidated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 603.15 Td (Statements ) Tj ET Q
q 0 0 0 rg BT 115.21 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.59 603.15 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 148.23 603.15 Td (Flows. ) Tj ET Q
q 0 0 0 rg BT 177.80 603.15 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 217.35 603.15 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 255.27 603.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 256.90 603.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 265.54 603.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 280.59 603.15 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 315.45 603.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 327.59 603.15 Td (equity-based ) Tj ET Q
q 0 0 0 rg BT 382.87 603.15 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 442.83 603.15 Td (expense. ) Tj ET Q
q 0 0 0 rg BT 480.55 603.15 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 520.09 603.15 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 558.01 603.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 590.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 77.11 590.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 84.37 590.55 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 131.81 590.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 134.42 590.55 Td (liquidity ) Tj ET Q
q 0 0 0 rg BT 172.61 590.55 Td (measure. ) Tj ET Q
q 0 0 0 rg BT 212.82 590.55 Td (Please ) Tj ET Q
q 0 0 0 rg BT 242.24 590.55 Td (refer ) Tj ET Q
q 0 0 0 rg BT 264.66 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 275.43 590.55 Td (page ) Tj ET Q
q 0 0 0 rg BT 297.85 590.55 Td (60 ) Tj ET Q
q 0 0 0 rg BT 310.95 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.30 590.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 339.50 590.55 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 373.01 590.55 Td (Report ) Tj ET Q
q 0 0 0 rg BT 404.19 590.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 417.29 590.55 Td (Form ) Tj ET Q
q 0 0 0 rg BT 442.65 590.55 Td (10-K ) Tj ET Q
q 0 0 0 rg BT 466.83 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 481.68 590.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 488.94 590.55 Td (reconciliation ) Tj ET Q
q 0 0 0 rg BT 549.27 590.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 577.95 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 108.04 577.95 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 145.95 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 148.58 577.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 159.37 577.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 180.65 577.95 Td (provided ) Tj ET Q
q 0 0 0 rg BT 220.60 577.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 233.73 577.95 Td (operating ) Tj ET Q
q 0 0 0 rg BT 276.01 577.95 Td (activities.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 49.50 570.11 Td (\(4\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 565.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 80.73 565.35 Td (calculating ) Tj ET Q
q 0 0 0 rg BT 130.28 565.35 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 172.68 565.35 Td (EPS, ) Tj ET Q
q 0 0 0 rg BT 197.88 565.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 214.60 565.35 Td (adjust ) Tj ET Q
q 0 0 0 rg BT 244.17 565.35 Td (Net ) Tj ET Q
q 0 0 0 rg BT 263.81 565.35 Td (Income ) Tj ET Q
q 0 0 0 rg BT 299.78 565.35 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 331.09 565.35 Td (per ) Tj ET Q
q 0 0 0 rg BT 348.98 565.35 Td (Diluted ) Tj ET Q
q 0 0 0 rg BT 384.96 565.35 Td (Share ) Tj ET Q
q 0 0 0 rg BT 412.36 565.35 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 467.58 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 480.22 565.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 506.28 565.35 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 541.97 565.35 Td (Inc. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 552.75 Td (Shareholders ) Tj ET Q
q 0 0 0 rg BT 126.19 552.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 177.29 552.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 205.07 552.75 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 233.27 552.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 237.13 552.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 253.25 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 269.95 552.75 Td (per ) Tj ET Q
q 0 0 0 rg BT 287.22 552.75 Td (share ) Tj ET Q
q 0 0 0 rg BT 313.25 552.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 345.69 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 358.31 552.75 Td (each ) Tj ET Q
q 0 0 0 rg BT 381.41 552.75 Td (adjustment ) Tj ET Q
q 0 0 0 rg BT 431.35 552.75 Td (\(net ) Tj ET Q
q 0 0 0 rg BT 451.55 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 464.17 552.75 Td (taxes\) ) Tj ET Q
q 0 0 0 rg BT 493.11 552.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 533.13 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 545.17 552.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 540.15 Td (calculation ) Tj ET Q
q 0 0 0 rg BT 116.29 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 127.15 540.15 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 167.79 540.15 Td (Net ) Tj ET Q
q 0 0 0 rg BT 185.67 540.15 Td (Income. ) Tj ET Q
q 0 0 0 rg BT 222.51 540.15 Td (Please ) Tj ET Q
q 0 0 0 rg BT 252.06 540.15 Td (refer ) Tj ET Q
q 0 0 0 rg BT 274.59 540.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 285.48 540.15 Td (page ) Tj ET Q
q 0 0 0 rg BT 308.02 540.15 Td (57 ) Tj ET Q
q 0 0 0 rg BT 321.25 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.72 540.15 Td (this ) Tj ET Q
q 0 0 0 rg BT 350.01 540.15 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 383.64 540.15 Td (Report ) Tj ET Q
q 0 0 0 rg BT 414.94 540.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 428.17 540.15 Td (Form ) Tj ET Q
q 0 0 0 rg BT 453.64 540.15 Td (10-K ) Tj ET Q
q 0 0 0 rg BT 477.94 540.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 492.91 540.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 500.29 540.15 Td (reconciliation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 78.29 527.55 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 118.83 527.55 Td (EPS ) Tj ET Q
q 0 0 0 rg BT 139.55 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 150.34 527.55 Td (Net ) Tj ET Q
q 0 0 0 rg BT 168.13 527.55 Td (Income ) Tj ET Q
q 0 0 0 rg BT 202.24 527.55 Td (\(Loss\) ) Tj ET Q
q 0 0 0 rg BT 231.70 527.55 Td (per ) Tj ET Q
q 0 0 0 rg BT 247.73 527.55 Td (Diluted ) Tj ET Q
q 0 0 0 rg BT 281.85 527.55 Td (Share ) Tj ET Q
q 0 0 0 rg BT 307.80 527.55 Td (Attributable ) Tj ET Q
q 0 0 0 rg BT 361.17 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 371.96 527.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 396.16 527.55 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 429.99 527.55 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 448.65 527.55 Td (Shareholders.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 49.50 519.71 Td (\(5\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 514.95 Td (For ) Tj ET Q
q 0 0 0 rg BT 84.71 514.95 Td (relative ) Tj ET Q
q 0 0 0 rg BT 118.82 514.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 140.11 514.95 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 191.73 514.95 Td (return, ) Tj ET Q
q 0 0 0 rg BT 222.05 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 237.50 514.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 262.29 514.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 285.91 514.95 Td (changes ) Tj ET Q
q 0 0 0 rg BT 322.35 514.95 Td (plus ) Tj ET Q
q 0 0 0 rg BT 342.48 514.95 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 385.94 514.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 406.64 514.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 419.77 514.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 443.97 514.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 475.18 514.95 Td (common ) Tj ET Q
q 0 0 0 rg BT 514.55 514.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 539.34 514.95 Td (over ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 83.22 502.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 108.85 502.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 129.80 502.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 145.51 502.35 Td (compared ) Tj ET Q
q 0 0 0 rg BT 189.79 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 200.85 502.35 Td (data ) Tj ET Q
q 0 0 0 rg BT 221.23 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 236.36 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 243.91 502.35 Td (group ) Tj ET Q
q 0 0 0 rg BT 271.30 502.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 289.93 502.35 Td (includes ) Tj ET Q
q 0 0 0 rg BT 327.81 502.35 Td (eight ) Tj ET Q
q 0 0 0 rg BT 351.70 502.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 376.16 502.35 Td (asset ) Tj ET Q
q 0 0 0 rg BT 399.46 502.35 Td (management ) Tj ET Q
q 0 0 0 rg BT 456.00 502.35 Td (companies ) Tj ET Q
q 0 0 0 rg BT 503.79 502.35 Td (consisting ) Tj ET Q
q 0 0 0 rg BT 549.27 502.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 489.75 Td (Franklin ) Tj ET Q
q 0 0 0 rg BT 106.09 489.75 Td (Resources, ) Tj ET Q
q 0 0 0 rg BT 154.88 489.75 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 176.55 489.75 Td (Eaton ) Tj ET Q
q 0 0 0 rg BT 203.84 489.75 Td (V) Tj ET Q
q 0 0 0 rg BT 210.26 489.75 Td (ance ) Tj ET Q
q 0 0 0 rg BT 232.50 489.75 Td (Corp, ) Tj ET Q
q 0 0 0 rg BT 258.92 489.75 Td (T) Tj ET Q
q 0 0 0 rg BT 264.55 489.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 270.19 489.75 Td (Rowe ) Tj ET Q
q 0 0 0 rg BT 297.70 489.75 Td (Price ) Tj ET Q
q 0 0 0 rg BT 322.28 489.75 Td (Group, ) Tj ET Q
q 0 0 0 rg BT 354.75 489.75 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 375.75 489.75 Td (AllianceBernstein ) Tj ET Q
q 0 0 0 rg BT 454.57 489.75 Td (Holding ) Tj ET Q
q 0 0 0 rg BT 492.00 489.75 Td (LP) Tj ET Q
q 0 0 0 rg BT 503.09 489.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 508.73 489.75 Td (BlackRock, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 477.15 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 88.20 477.15 Td (Af) Tj ET Q
q 0 0 0 rg BT 99.09 477.15 Td (filiated ) Tj ET Q
q 0 0 0 rg BT 131.46 477.15 Td (Managers ) Tj ET Q
q 0 0 0 rg BT 175.48 477.15 Td (Group, ) Tj ET Q
q 0 0 0 rg BT 207.56 477.15 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 228.84 477.15 Td (Invesco ) Tj ET Q
q 0 0 0 rg BT 264.12 477.15 Td (Ltd. ) Tj ET Q
q 0 0 0 rg BT 283.96 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 301.74 477.15 Td (Federated ) Tj ET Q
q 0 0 0 rg BT 345.76 477.15 Td (Investors ) Tj ET Q
q 0 0 0 rg BT 386.88 477.15 Td (Inc.) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 49.50 469.31 Td (\(6\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 464.55 Td (Relative ) Tj ET Q
q 0 0 0 rg BT 105.00 464.55 Td (or) Tj ET Q
q 0 0 0 rg BT 113.56 464.55 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 138.82 464.55 Td (growth ) Tj ET Q
q 0 0 0 rg BT 171.08 464.55 Td (rate ) Tj ET Q
q 0 0 0 rg BT 189.33 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 200.59 464.55 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 243.96 464.55 Td (AUM ) Tj ET Q
q 0 0 0 rg BT 270.98 464.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 280.50 464.55 Td (defined ) Tj ET Q
q 0 0 0 rg BT 314.50 464.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 325.76 464.55 Td (trailing ) Tj ET Q
q 0 0 0 rg BT 358.61 464.55 Td (twelve ) Tj ET Q
q 0 0 0 rg BT 389.11 464.55 Td (month ) Tj ET Q
q 0 0 0 rg BT 418.46 464.55 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 462.39 464.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 485.31 464.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 500.66 464.55 Td (flows ) Tj ET Q
q 0 0 0 rg BT 526.51 464.55 Td (divided ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 451.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 80.63 451.95 Td (beginning ) Tj ET Q
q 0 0 0 rg BT 125.25 451.95 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 169.28 451.95 Td (assets ) Tj ET Q
q 0 0 0 rg BT 196.40 451.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 222.93 451.95 Td (management.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.07 426.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 116.97 426.75 Td (identified ) Tj ET Q
q 0 0 0 rg BT 159.45 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.52 426.75 Td (qualitative ) Tj ET Q
q 0 0 0 rg BT 221.08 426.75 Td (factors ) Tj ET Q
q 0 0 0 rg BT 251.89 426.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 282.70 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 293.10 426.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 316.92 426.75 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 348.42 426.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 354.75 426.75 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 392.56 426.75 Td (operating ) Tj ET Q
q 0 0 0 rg BT 434.45 426.75 Td (priorities ) Tj ET Q
q 0 0 0 rg BT 474.61 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 489.09 426.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 514.07 426.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 534.38 426.75 Td (2020. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (These ) Tj ET Q
q 0 0 0 rg BT 78.18 414.15 Td (qualitative ) Tj ET Q
q 0 0 0 rg BT 126.10 414.15 Td (factors ) Tj ET Q
q 0 0 0 rg BT 158.28 414.15 Td (further ) Tj ET Q
q 0 0 0 rg BT 190.45 414.15 Td (support ) Tj ET Q
q 0 0 0 rg BT 225.56 414.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 250.74 414.15 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 282.24 414.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 289.93 414.15 Td (strategy ) Tj ET Q
q 0 0 0 rg BT 326.77 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 339.13 414.15 Td (providing ) Tj ET Q
q 0 0 0 rg BT 383.56 414.15 Td (global ) Tj ET Q
q 0 0 0 rg BT 413.41 414.15 Td (investors ) Tj ET Q
q 0 0 0 rg BT 454.93 414.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 477.21 414.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 485.47 414.15 Td (diversified ) Tj ET Q
q 0 0 0 rg BT 533.98 414.15 Td (set ) Tj ET Q
q 0 0 0 rg BT 549.25 414.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (choices ) Tj ET Q
q 0 0 0 rg BT 85.80 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 99.37 401.55 Td (investment ) Tj ET Q
q 0 0 0 rg BT 150.27 401.55 Td (strategies, ) Tj ET Q
q 0 0 0 rg BT 197.36 401.55 Td (products, ) Tj ET Q
q 0 0 0 rg BT 240.97 401.55 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 280.19 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 300.17 401.55 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 353.41 401.55 Td (channels ) Tj ET Q
q 0 0 0 rg BT 394.96 401.55 Td (while ) Tj ET Q
q 0 0 0 rg BT 423.11 401.55 Td (operating ) Tj ET Q
q 0 0 0 rg BT 467.58 401.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 491.06 401.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 500.54 401.55 Td (high ) Tj ET Q
q 0 0 0 rg BT 524.03 401.55 Td (level ) Tj ET Q
q 0 0 0 rg BT 549.25 401.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 57.47 388.95 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 106.74 388.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 124.53 388.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 132.49 388.95 Td (ficiency:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 193.50 363.75 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 233.45 363.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 250.65 363.75 Td (Af) Tj ET Q
q 0 0 0 rg BT 261.54 363.75 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 288.66 363.75 Td (Relationships ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 199.50 351.15 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.50 351.15 Td (Distribution ) Tj ET Q
q 0 0 0 rg BT 266.88 351.15 Td (Ef) Tj ET Q
q 0 0 0 rg BT 276.60 351.15 Td (fectiveness) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 199.50 338.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.50 338.55 Td (Create ) Tj ET Q
q 0 0 0 rg BT 243.52 338.55 Td (& ) Tj ET Q
q 0 0 0 rg BT 254.32 338.55 Td (Support ) Tj ET Q
q 0 0 0 rg BT 290.20 338.55 Td (Dif) Tj ET Q
q 0 0 0 rg BT 304.00 338.55 Td (ferentiated ) Tj ET Q
q 0 0 0 rg BT 351.52 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 369.30 338.55 Td (Excellent ) Tj ET Q
q 0 0 0 rg BT 411.58 338.55 Td (Client ) Tj ET Q
q 0 0 0 rg BT 439.87 338.55 Td (Experience) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 199.50 325.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.50 325.95 Td (Fuel ) Tj ET Q
q 0 0 0 rg BT 234.79 325.95 Td (Growth ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 199.50 313.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.50 313.35 Td (Create ) Tj ET Q
q 0 0 0 rg BT 242.95 313.35 Td (Alignment ) Tj ET Q
q 0 0 0 rg BT 289.90 313.35 Td (Across ) Tj ET Q
q 0 0 0 rg BT 321.69 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 337.15 313.35 Td (Or) Tj ET Q
q 0 0 0 rg BT 348.04 313.35 Td (ganization) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 193.50 288.15 Td (Or) Tj ET Q
q 0 0 0 rg BT 204.39 288.15 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 258.33 288.15 Td (Health ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 199.50 275.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.50 275.55 Td (Drive ) Tj ET Q
q 0 0 0 rg BT 240.03 275.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 254.90 275.55 Td (Diversity ) Tj ET Q
q 0 0 0 rg BT 296.60 275.55 Td (& ) Tj ET Q
q 0 0 0 rg BT 307.40 275.55 Td (Inclusion ) Tj ET Q
q 0 0 0 rg BT 349.10 275.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 360.47 275.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 367.76 275.55 Td (Core ) Tj ET Q
q 0 0 0 rg BT 390.79 275.55 Td (Priority) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 199.50 262.95 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.50 262.95 Td (Develop ) Tj ET Q
q 0 0 0 rg BT 251.51 262.95 Td (T) Tj ET Q
q 0 0 0 rg BT 257.19 262.95 Td (alent) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 199.50 250.35 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 213.50 250.35 Td (Fortify ) Tj ET Q
q 0 0 0 rg BT 245.29 250.35 Td (Risk ) Tj ET Q
q 0 0 0 rg BT 267.18 250.35 Td (Management) Tj ET Q
endstream
endobj
325 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 326 0 R>>
endobj
326 0 obj
<</Length 10845>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (160) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (After ) Tj ET Q
q 0 0 0 rg BT 74.14 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 89.46 741.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 107.11 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.35 741.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 143.58 741.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 164.14 741.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 190.25 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 205.57 741.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 254.72 741.75 Td (approved ) Tj ET Q
q 0 0 0 rg BT 296.28 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 311.60 741.75 Td (final ) Tj ET Q
q 0 0 0 rg BT 333.33 741.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 374.31 741.75 Td (awards ) Tj ET Q
q 0 0 0 rg BT 406.54 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 421.27 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 436.59 741.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 467.07 741.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 509.78 741.75 Td (of) Tj ET Q
q 0 0 0 rg BT 518.34 741.75 Td (ficers. ) Tj ET Q
q 0 0 0 rg BT 546.77 741.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 549.26 741.75 Td (In ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (making ) Tj ET Q
q 0 0 0 rg BT 83.50 729.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 95.93 729.15 Td (determinations, ) Tj ET Q
q 0 0 0 rg BT 163.47 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.80 729.15 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 227.97 729.15 Td (considered ) Tj ET Q
q 0 0 0 rg BT 275.96 729.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 297.70 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 308.95 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.29 729.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 363.53 729.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 419.08 729.15 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 452.50 729.15 Td (identified ) Tj ET Q
q 0 0 0 rg BT 495.24 729.15 Td (below) Tj ET Q
q 0 0 0 rg BT 520.22 729.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 525.17 729.15 Td (This ) Tj ET Q
q 0 0 0 rg BT 546.35 729.15 Td (set ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.72 716.55 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 94.10 716.55 Td (includes ) Tj ET Q
q 0 0 0 rg BT 131.56 716.55 Td (measures ) Tj ET Q
q 0 0 0 rg BT 173.11 716.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 191.32 716.55 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 220.61 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 235.91 716.55 Td (actions ) Tj ET Q
q 0 0 0 rg BT 268.12 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 279.34 716.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 295.81 716.55 Td (management ) Tj ET Q
q 0 0 0 rg BT 351.93 716.55 Td (team ) Tj ET Q
q 0 0 0 rg BT 374.81 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 392.44 716.55 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 442.44 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 453.66 716.55 Td (well ) Tj ET Q
q 0 0 0 rg BT 474.21 716.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 485.43 716.55 Td (measures ) Tj ET Q
q 0 0 0 rg BT 526.97 716.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 545.19 716.55 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (influenced ) Tj ET Q
q 0 0 0 rg BT 97.53 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 111.75 703.95 Td (factors ) Tj ET Q
q 0 0 0 rg BT 144.04 703.95 Td (outside ) Tj ET Q
q 0 0 0 rg BT 178.09 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 194.64 703.95 Td (management ) Tj ET Q
q 0 0 0 rg BT 252.01 703.95 Td (team�) Tj ET Q
q 0 0 0 rg BT 275.33 703.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 283.14 703.95 Td (control ) Tj ET Q
q 0 0 0 rg BT 316.60 703.95 Td (but ) Tj ET Q
q 0 0 0 rg BT 333.73 703.95 Td (heavily ) Tj ET Q
q 0 0 0 rg BT 368.36 703.95 Td (correlated ) Tj ET Q
q 0 0 0 rg BT 414.05 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 425.94 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 442.49 703.95 Td (returns ) Tj ET Q
q 0 0 0 rg BT 475.36 703.95 Td (experienced ) Tj ET Q
q 0 0 0 rg BT 529.80 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 544.02 703.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (stockholders. ) Tj ET Q
q 0 0 0 rg BT 107.83 691.35 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 149.52 691.35 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 183.06 691.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 198.50 691.35 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 239.61 691.35 Td (60%.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 655.85 m
341.75 655.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
341.75 655.85 m
413.75 655.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
413.75 655.85 m
485.75 655.85 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
485.75 655.85 m
557.75 655.85 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.25 660.64 Td (Metric *) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 375.25 671.14 Td (FY2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 380.85 660.64 Td (T) Tj ET Q
q 0 0 0 rg BT 386.89 660.64 Td (arget) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 447.25 671.14 Td (FY2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 452.50 660.64 Td (Actual) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 512.00 660.64 Td (V) Tj ET Q
q 0 0 0 rg BT 518.62 660.64 Td (ariation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 634.62 Td (Net revenue) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 353.65 634.62 Td (2,461 million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 425.65 634.62 Td (2,468 million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.05 645.12 Td (+7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 516.30 634.62 Td (thousand) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 619.62 Td (Adjusted Earnings per share) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.10 619.62 Td (3.71) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.10 619.62 Td (3.76) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 529.95 619.62 Td (+0.05) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 593.62 Td (Strategic restructuring cost savings) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.75 593.62 Td (67 million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 438.75 593.62 Td (68 million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 543.05 604.12 Td (+1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.90 593.62 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 567.62 Td (Adjusted EBITDA) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.50 567.62 Td (604 million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 433.50 567.62 Td (645 million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.80 578.12 Td (+41) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 523.90 567.62 Td (million) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 552.62 Td (Adjusted Operating Mar) Tj ET Q
q 0 0 0 rg BT 153.71 552.62 Td (gin) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 386.10 552.62 Td (24.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 404.50 552.62 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.10 552.62 Td (24.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 476.50 552.62 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 526.45 552.62 Td (+0.1%) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 535.75 Td (* ) Tj ET Q
q 0 0 0 rg BT 63.50 535.75 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 104.52 535.75 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 144.95 535.75 Td (per ) Tj ET Q
q 0 0 0 rg BT 161.47 535.75 Td (Share, ) Tj ET Q
q 0 0 0 rg BT 190.42 535.75 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 231.44 535.75 Td (EBITDA) Tj ET Q
q 0 0 0 rg BT 269.36 535.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 272.47 535.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 290.05 535.75 Td (Adjusted ) Tj ET Q
q 0 0 0 rg BT 331.07 535.75 Td (Operating ) Tj ET Q
q 0 0 0 rg BT 376.16 535.75 Td (Mar) Tj ET Q
q 0 0 0 rg BT 393.47 535.75 Td (gin ) Tj ET Q
q 0 0 0 rg BT 409.99 535.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 425.92 535.75 Td (non-GAAP) Tj ET Q
q 0 0 0 rg BT 473.36 535.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 476.47 535.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 516.31 535.75 Td (measures. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 523.15 Td (Please ) Tj ET Q
q 0 0 0 rg BT 92.42 523.15 Td (see ) Tj ET Q
q 0 0 0 rg BT 107.91 523.15 Td (pages ) Tj ET Q
q 0 0 0 rg BT 133.91 523.15 Td (56 ) Tj ET Q
q 0 0 0 rg BT 146.50 523.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 156.76 523.15 Td (61 ) Tj ET Q
q 0 0 0 rg BT 169.35 523.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 183.68 523.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 190.44 523.15 Td (reconciliation ) Tj ET Q
q 0 0 0 rg BT 250.25 523.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 261.09 523.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 282.41 523.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 293.25 523.15 Td (these ) Tj ET Q
q 0 0 0 rg BT 316.91 523.15 Td (measures ) Tj ET Q
q 0 0 0 rg BT 358.07 523.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 368.33 523.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.25 523.15 Td (respective ) Tj ET Q
q 0 0 0 rg BT 427.90 523.15 Td (most ) Tj ET Q
q 0 0 0 rg BT 450.41 523.15 Td (nearly ) Tj ET Q
q 0 0 0 rg BT 478.74 523.15 Td (comparable ) Tj ET Q
q 0 0 0 rg BT 529.80 523.15 Td (GAAP) Tj ET Q
q 0 0 0 rg BT 558.00 523.15 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 63.50 510.55 Td (measure.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 485.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.23 485.35 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 117.31 485.35 Td (did ) Tj ET Q
q 0 0 0 rg BT 133.13 485.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 148.96 485.35 Td (consider ) Tj ET Q
q 0 0 0 rg BT 186.94 485.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.18 485.35 Td (second ) Tj ET Q
q 0 0 0 rg BT 233.75 485.35 Td (tier ) Tj ET Q
q 0 0 0 rg BT 250.15 485.35 Td (relative ) Tj ET Q
q 0 0 0 rg BT 284.04 485.35 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 317.36 485.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 332.01 485.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 357.16 485.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 377.64 485.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 401.04 485.35 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 441.94 485.35 Td (decisions, ) Tj ET Q
q 0 0 0 rg BT 486.05 485.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 503.62 485.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 514.20 485.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.44 485.35 Td (impact ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 472.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 472.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.32 472.75 Td (proposed ) Tj ET Q
q 0 0 0 rg BT 117.44 472.75 Td (Mer) Tj ET Q
q 0 0 0 rg BT 134.75 472.75 Td (ger ) Tj ET Q
q 0 0 0 rg BT 150.78 472.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 163.90 472.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 188.10 472.75 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 219.61 472.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 226.32 472.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 251.11 472.75 Td (price ) Tj ET Q
q 0 0 0 rg BT 274.72 472.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 292.50 472.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 307.96 472.75 Td (impact ) Tj ET Q
q 0 0 0 rg BT 339.15 472.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 350.53 472.75 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 400.40 472.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 413.52 472.75 Td (relative ) Tj ET Q
q 0 0 0 rg BT 447.63 472.75 Td (performance.) Tj ET Q
endstream
endobj
327 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 328 0 R>>
endobj
328 0 obj
<</Length 13384>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (161) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.23 741.75 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 117.29 741.75 Td (also ) Tj ET Q
q 0 0 0 rg BT 136.61 741.75 Td (evaluated ) Tj ET Q
q 0 0 0 rg BT 179.24 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 194.47 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 237.71 741.75 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 275.68 741.75 Td (qualitative ) Tj ET Q
q 0 0 0 rg BT 322.40 741.75 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 356.00 741.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 377.07 741.75 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 416.79 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 433.83 741.75 Td (Af) Tj ET Q
q 0 0 0 rg BT 444.72 741.75 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 471.61 741.75 Td (Relationship ) Tj ET Q
q 0 0 0 rg BT 527.09 741.75 Td (metrics ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 90.61 729.15 Td (30%, ) Tj ET Q
q 0 0 0 rg BT 115.11 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 132.90 729.15 Td (Or) Tj ET Q
q 0 0 0 rg BT 143.79 729.15 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 197.72 729.15 Td (Health ) Tj ET Q
q 0 0 0 rg BT 228.34 729.15 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 261.87 729.15 Td (weighted ) Tj ET Q
q 0 0 0 rg BT 302.98 729.15 Td (10%:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 718.65 m
50 693.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 718.65 m
171 718.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
171 718.65 m
182 718.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 718.65 m
530 693.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
182 718.65 m
530 718.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 693.65 m
50 678.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 693.65 m
171 693.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
171 693.65 m
182 693.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 693.65 m
530 678.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
182 693.65 m
530 693.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 678.65 m
50 662.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 678.65 m
530 662.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 662.65 m
50 647.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 662.65 m
530 647.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 647.65 m
50 631.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 647.65 m
530 631.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 631.65 m
50 615.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 631.65 m
530 615.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 615.65 m
50 608.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 615.65 m
530 608.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 608.65 m
50 593.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 608.65 m
530 593.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 593.65 m
50 577.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 593.65 m
530 577.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 577.65 m
50 561.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 577.65 m
530 561.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 561.65 m
50 545.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 561.65 m
530 545.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 545.65 m
50 530.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 545.65 m
530 530.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 530.65 m
50 514.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 530.65 m
530 514.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 514.65 m
50 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 514.65 m
530 498.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 498.65 m
50 491.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 498.65 m
530 491.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 491.65 m
50 476.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 491.65 m
530 476.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 476.65 m
50 460.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 476.65 m
530 460.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 460.65 m
50 444.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 460.65 m
530 444.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 444.65 m
50 418.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 444.65 m
530 418.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 418.65 m
50 403.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 418.65 m
530 403.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 403.65 m
50 387.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 403.65 m
530 387.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 387.65 m
50 361.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 387.65 m
530 361.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 361.65 m
50 345.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 361.65 m
530 345.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 345.65 m
50 338.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 345.65 m
530 338.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 338.65 m
50 323.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 338.65 m
530 323.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 323.65 m
50 297.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 323.65 m
530 297.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 297.65 m
50 282.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 297.65 m
530 282.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 282.65 m
50 256.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 282.65 m
530 256.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 256.65 m
50 241.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 256.65 m
530 241.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 241.64999999999998 m
50 226.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 241.64999999999998 m
530 226.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 226.64999999999998 m
50 211.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 226.64999999999998 m
530 211.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 211.64999999999998 m
50 196.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 196.64999999999998 m
171 196.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
171 196.64999999999998 m
182 196.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
530 211.64999999999998 m
530 196.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
182 196.64999999999998 m
530 196.64999999999998 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 709.04 Td (Strategic and ) Tj ET Q
q 0 0 0 rg BT 114.62 709.04 Td (Affiliate) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 698.54 Td (Relationships Priority) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 184.50 709.04 Td (Strategic Focus for) Tj ET Q
q 0 0 0 rg BT 269.45 709.04 Td ( FY20 and Highlights of Key Outcomes) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 683.87 Td (Distribution) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 673.37 Td (Ef) Tj ET Q
q 0 0 0 rg BT 62.22 673.37 Td (fectiveness) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 683.42 Td (Focus:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 667.44 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 667.42 Td (Assess and redesign of the Legg Mason Global Distribution or) Tj ET Q
q 0 0 0 rg BT 447.16 667.42 Td (ganization) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 652.42 Td (Key Outcomes:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 636.44 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 636.42 Td (Nearly $50 million of cost saves) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 620.44 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 620.42 Td (Revamped or) Tj ET Q
q 0 0 0 rg BT 240.58 620.42 Td (ganizational and management structure to better align value chain) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 598.87 Td (Create & Support ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 588.37 Td (Dif) Tj ET Q
q 0 0 0 rg BT 66.31 588.37 Td (ferentiated and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 577.87 Td (Excellent Client) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 567.37 Td (Experience) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 598.87 Td (Focus:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 584.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 583.87 Td (Maintain highest level of client engagement and retention) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 568.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 567.87 Td (Expand development and distribution of tailored digital solutions) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 552.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 551.87 Td (Increase commercially relevant products) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 535.87 Td (Key Outcomes:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 521.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 520.87 Td (Positive net flows through February) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 505.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 504.87 Td (Launched 13 new strategies in vehicles including funds, ETFs CIT) Tj ET Q
q 0 0 0 rg BT 464.66 504.87 Td (s and SMAs) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 481.87 Td (Fuel Growth) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 481.87 Td (Focus:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 467.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 466.87 Td (Ensure acquisitions and investments result in commercial opportunities) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 451.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 450.87 Td (Maintain leading edge advantage with investments made) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 435.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 434.87 Td (Identify funding sources for products approved by the Capital Committee) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 424.37 Td (process) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 408.87 Td (Key outcomes:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 394.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 393.87 Td (Actively supported commercialization of strategic investment partner Precidian) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 378.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 377.87 Td (Achieved key client wins with strategic investment partners Embark, Quantifieed) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 367.37 Td (and Financial Guard) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 352.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 351.87 Td (Acquired IFSInvest in ) Tj ET Q
q 0 0 0 rg BT 280.16 351.87 Td (Australia, providing access to a new and growing channel) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 328.87 Td (Create ) Tj ET Q
q 0 0 0 rg BT 82.23 328.87 Td (Alignment ) Tj ET Q
q 0 0 0 rg BT 129.19 328.87 Td (Across) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 318.37 Td (the Or) Tj ET Q
q 0 0 0 rg BT 78.94 318.37 Td (ganization) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 328.87 Td (Focus:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 314.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 313.87 Td (Better understand the key cultural drivers across the or) Tj ET Q
q 0 0 0 rg BT 414.17 313.87 Td (ganization that both create) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 303.37 Td (alignment and prevent alignment) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 288.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 287.87 Td (Evaluate the utilization of incentives to support alignment) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 273.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 272.87 Td (Identify common technology solutions to accelerate ef) Tj ET Q
q 0 0 0 rg BT 413.00 272.87 Td (ficiencies and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 262.37 Td (transparency across the company) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 246.87 Td (Key outcomes:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 232.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 231.87 Td (Integration of RARE into ClearBridge proceeding on pace) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 217.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 216.87 Td (Common financial platform implemented for all investment af) Tj ET Q
q 0 0 0 rg BT 446.55 216.87 Td (filiates) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 175.00 202.04 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 201.87 Td (Completed operational analysis of corporate and distribution functions) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
329 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 330 0 R>>
endobj
330 0 obj
<</Length 30747>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (162) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 748.5 m
50 723.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 748.5 m
171 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 723.5 m
171 723.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
171 748.5 m
182 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
171 723.5 m
182 723.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 748.5 m
559 723.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
182 748.5 m
559 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
182 723.5 m
559 723.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 723.5 m
50 708.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 723.5 m
559 708.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 708.5 m
50 692.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 708.5 m
559 692.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 692.5 m
50 677.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 692.5 m
559 677.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 677.5 m
50 651.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 677.5 m
559 651.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 651.5 m
50 636.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 651.5 m
559 636.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 636.5 m
50 610.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 636.5 m
559 610.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 610.5 m
50 574.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 610.5 m
559 574.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 574.5 m
50 558.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 574.5 m
559 558.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 558.5 m
50 543.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 558.5 m
559 543.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 543.5 m
50 527.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 543.5 m
559 527.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 527.5 m
50 511.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 527.5 m
559 511.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 511.5 m
50 495.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 511.5 m
559 495.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 495.5 m
50 480.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 495.5 m
559 480.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 480.5 m
50 464.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 480.5 m
559 464.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 464.5 m
50 448.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 464.5 m
559 448.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 448.5 m
50 433.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 448.5 m
559 433.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 433.5 m
50 417.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 433.5 m
559 417.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 417.5 m
50 391.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 391.5 m
171 391.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
171 391.5 m
182 391.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
559 417.5 m
559 391.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
182 391.5 m
559 391.5 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 738.89 Td (Organizational Health) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 52.50 728.39 Td (Priority) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 184.50 738.89 Td (Strategic Focus for) Tj ET Q
q 0 0 0 rg BT 269.45 738.89 Td ( FY20 and Highlights of Key Outcomes) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 713.72 Td (Drive for Diversity and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 703.22 Td (Inclusion as a Priority) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 713.72 Td (Focus:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 698.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 698.72 Td (Increase diversity representation within Legg Mason) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 682.72 Td (Key Outcomes:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 667.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 667.72 Td (Exceeded goal for filling replacement positions with women or people of color in the) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 657.22 Td (US) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 641.72 Td (Develop ) Tj ET Q
q 0 0 0 rg BT 90.60 641.72 Td (T) Tj ET Q
q 0 0 0 rg BT 96.55 641.72 Td (alent) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 641.72 Td (Focus:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 626.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 626.72 Td (Ensure robust talent succession \(long-term and emer) Tj ET Q
q 0 0 0 rg BT 404.84 626.72 Td (gency\) plan is in place for Legg) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 616.22 Td (Mason) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 600.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 600.72 Td (Ensure better talent outcomes through the intentional use of performance and potential) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 590.22 Td (assessments for Legg Mason employees in talent decisions \(e.g. compensation,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 579.72 Td (retention, promotion, assignments, etc.\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 564.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 564.72 Td (Create a learning culture at Legg Mason) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 548.72 Td (Key outcomes:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 533.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 533.72 Td (Documented succession plans for 100% of positions reporting to executive of) Tj ET Q
q 0 0 0 rg BT 510.42 533.72 Td (ficers) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 517.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 517.72 Td (Enhanced documentation of development plans for employees) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 501.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 501.72 Td (Launched two Data ) Tj ET Q
q 0 0 0 rg BT 269.05 501.72 Td (Analytics programs and 15 digital learning pathways for employees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 485.72 Td (Fortify ) Tj ET Q
q 0 0 0 rg BT 84.29 485.72 Td (Risk) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 475.22 Td (Management) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 485.72 Td (Focus:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 470.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 470.72 Td (Support execution of the strategic restructuring) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 454.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 454.72 Td (Ensure risk management plan is in place for pending non-US regulatory changes) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 438.72 Td (Key Outcomes:) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 423.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 423.72 Td (Established and implemented risk assessment plan for the strategic restructuring) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 173.50 407.89 Td (-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 407.72 Td (Established and implemented compliance plans for Brexit and for ) Tj ET Q
q 0 0 0 rg BT 462.78 407.72 Td (The Senior Managers) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 184.50 397.22 Td (and Certification Regime in the U.K.) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 366.80 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.82 366.80 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 118.49 366.80 Td (considered ) Tj ET Q
q 0 0 0 rg BT 166.97 366.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 182.80 366.80 Td (information ) Tj ET Q
q 0 0 0 rg BT 235.37 366.80 Td (which ) Tj ET Q
q 0 0 0 rg BT 264.03 366.80 Td (showed ) Tj ET Q
q 0 0 0 rg BT 299.11 366.80 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 323.68 366.80 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 355.18 366.80 Td (s ) Tj ET Q
q 0 0 0 rg BT 362.27 366.80 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 388.01 366.80 Td (year ) Tj ET Q
q 0 0 0 rg BT 409.08 366.80 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 433.08 366.80 Td (overall ) Tj ET Q
q 0 0 0 rg BT 465.23 366.80 Td (financial ) Tj ET Q
q 0 0 0 rg BT 504.96 366.80 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 354.20 Td (relatively ) Tj ET Q
q 0 0 0 rg BT 92.77 354.20 Td (flat ) Tj ET Q
q 0 0 0 rg BT 110.39 354.20 Td (on ) Tj ET Q
q 0 0 0 rg BT 124.52 354.20 Td (an ) Tj ET Q
q 0 0 0 rg BT 138.06 354.20 Td (absolute ) Tj ET Q
q 0 0 0 rg BT 176.67 354.20 Td (basis, ) Tj ET Q
q 0 0 0 rg BT 203.93 354.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 222.71 354.20 Td (on ) Tj ET Q
q 0 0 0 rg BT 236.84 354.20 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 261.17 354.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 279.95 354.20 Td (determined ) Tj ET Q
q 0 0 0 rg BT 330.81 354.20 Td (financial ) Tj ET Q
q 0 0 0 rg BT 371.17 354.20 Td (goals ) Tj ET Q
q 0 0 0 rg BT 396.96 354.20 Td (were ) Tj ET Q
q 0 0 0 rg BT 420.99 354.20 Td (met ) Tj ET Q
q 0 0 0 rg BT 440.36 354.20 Td (100%. ) Tj ET Q
q 0 0 0 rg BT 470.84 354.20 Td (The ) Tj ET Q
q 0 0 0 rg BT 490.79 354.20 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 541.08 354.20 Td (also ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 341.60 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 88.23 341.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.20 341.60 Td (accomplishments ) Tj ET Q
q 0 0 0 rg BT 180.26 341.60 Td (that ) Tj ET Q
q 0 0 0 rg BT 199.15 341.60 Td (management ) Tj ET Q
q 0 0 0 rg BT 255.95 341.60 Td (achieved ) Tj ET Q
q 0 0 0 rg BT 296.41 341.60 Td (during ) Tj ET Q
q 0 0 0 rg BT 326.97 341.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 342.95 341.60 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 368.84 341.60 Td (year ) Tj ET Q
q 0 0 0 rg BT 390.05 341.60 Td (in ) Tj ET Q
q 0 0 0 rg BT 401.37 341.60 Td (executing ) Tj ET Q
q 0 0 0 rg BT 445.34 341.60 Td (on ) Tj ET Q
q 0 0 0 rg BT 458.99 341.60 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 483.71 341.60 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 515.21 341.60 Td (s ) Tj ET Q
q 0 0 0 rg BT 522.45 341.60 Td (strategic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 329.00 Td (priorities ) Tj ET Q
q 0 0 0 rg BT 90.53 329.00 Td (established ) Tj ET Q
q 0 0 0 rg BT 140.30 329.00 Td (under ) Tj ET Q
q 0 0 0 rg BT 167.33 329.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.27 329.00 Td (Strategic ) Tj ET Q
q 0 0 0 rg BT 223.71 329.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 241.30 329.00 Td (Af) Tj ET Q
q 0 0 0 rg BT 252.19 329.00 Td (filiate ) Tj ET Q
q 0 0 0 rg BT 279.79 329.00 Td (Relationships ) Tj ET Q
q 0 0 0 rg BT 340.08 329.00 Td (category ) Tj ET Q
q 0 0 0 rg BT 379.34 329.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 397.62 329.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.57 329.00 Td (Or) Tj ET Q
q 0 0 0 rg BT 424.46 329.00 Td (ganizational ) Tj ET Q
q 0 0 0 rg BT 478.89 329.00 Td (Health ) Tj ET Q
q 0 0 0 rg BT 509.99 329.00 Td (category ) Tj ET Q
q 0 0 0 rg BT 549.26 329.00 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 316.40 Td (metrics, ) Tj ET Q
q 0 0 0 rg BT 85.13 316.40 Td (giving ) Tj ET Q
q 0 0 0 rg BT 114.06 316.40 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 172.72 316.40 Td (to ) Tj ET Q
q 0 0 0 rg BT 182.98 316.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.90 316.40 Td (impact ) Tj ET Q
q 0 0 0 rg BT 228.57 316.40 Td (that ) Tj ET Q
q 0 0 0 rg BT 246.41 316.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.33 316.40 Td (pending ) Tj ET Q
q 0 0 0 rg BT 297.25 316.40 Td (Mer) Tj ET Q
q 0 0 0 rg BT 314.56 316.40 Td (ger ) Tj ET Q
q 0 0 0 rg BT 330.06 316.40 Td (had ) Tj ET Q
q 0 0 0 rg BT 347.31 316.40 Td (on ) Tj ET Q
q 0 0 0 rg BT 359.91 316.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.83 316.40 Td (degree ) Tj ET Q
q 0 0 0 rg BT 404.90 316.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 415.74 316.40 Td (progress ) Tj ET Q
q 0 0 0 rg BT 453.42 316.40 Td (on ) Tj ET Q
q 0 0 0 rg BT 466.01 316.40 Td (certain ) Tj ET Q
q 0 0 0 rg BT 496.67 316.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 507.51 316.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 522.43 316.40 Td (strategic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 303.80 Td (priorities. ) Tj ET Q
q 0 0 0 rg BT 92.68 303.80 Td (The ) Tj ET Q
q 0 0 0 rg BT 111.87 303.80 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 161.38 303.80 Td (also ) Tj ET Q
q 0 0 0 rg BT 181.15 303.80 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 224.26 303.80 Td (market ) Tj ET Q
q 0 0 0 rg BT 256.27 303.80 Td (pay ) Tj ET Q
q 0 0 0 rg BT 274.28 303.80 Td (information, ) Tj ET Q
q 0 0 0 rg BT 329.34 303.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 345.02 303.80 Td (feedback ) Tj ET Q
q 0 0 0 rg BT 385.77 303.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.45 303.80 Td (Chair ) Tj ET Q
q 0 0 0 rg BT 427.64 303.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.24 303.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.92 303.80 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 504.44 303.80 Td (had ) Tj ET Q
q 0 0 0 rg BT 522.46 303.80 Td (received ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 291.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.25 291.20 Td (discussing ) Tj ET Q
q 0 0 0 rg BT 108.59 291.20 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 133.17 291.20 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 195.07 291.20 Td (with ) Tj ET Q
q 0 0 0 rg BT 217.32 291.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 233.73 291.20 Td (independent ) Tj ET Q
q 0 0 0 rg BT 288.63 291.20 Td (directors ) Tj ET Q
q 0 0 0 rg BT 328.95 291.20 Td (who ) Tj ET Q
q 0 0 0 rg BT 350.62 291.20 Td (are ) Tj ET Q
q 0 0 0 rg BT 367.02 291.20 Td (not ) Tj ET Q
q 0 0 0 rg BT 384.02 291.20 Td (members ) Tj ET Q
q 0 0 0 rg BT 426.09 291.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 438.42 291.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.83 291.20 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 507.70 291.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 526.44 291.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 542.85 291.20 Td (pay ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 278.60 Td (recommendations ) Tj ET Q
q 0 0 0 rg BT 126.39 278.60 Td (for ) Tj ET Q
q 0 0 0 rg BT 140.87 278.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 155.94 278.60 Td (other ) Tj ET Q
q 0 0 0 rg BT 179.76 278.60 Td (executives.� ) Tj ET Q
q 0 0 0 rg BT 231.07 278.60 Td (As ) Tj ET Q
q 0 0 0 rg BT 244.98 278.60 Td (a ) Tj ET Q
q 0 0 0 rg BT 251.88 278.60 Td (result ) Tj ET Q
q 0 0 0 rg BT 277.45 278.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 288.44 278.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 303.51 278.60 Td (discussion, ) Tj ET Q
q 0 0 0 rg BT 352.13 278.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 367.20 278.60 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 416.11 278.60 Td (agreed ) Tj ET Q
q 0 0 0 rg BT 446.33 278.60 Td (that ) Tj ET Q
q 0 0 0 rg BT 464.31 278.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 479.38 278.60 Td (performance ) Tj ET Q
q 0 0 0 rg BT 534.68 278.60 Td (result ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 266.00 Td (achieved ) Tj ET Q
q 0 0 0 rg BT 89.42 266.00 Td (for ) Tj ET Q
q 0 0 0 rg BT 104.27 266.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.71 266.00 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 145.06 266.00 Td (year ) Tj ET Q
q 0 0 0 rg BT 165.74 266.00 Td (based ) Tj ET Q
q 0 0 0 rg BT 192.26 266.00 Td (on ) Tj ET Q
q 0 0 0 rg BT 205.37 266.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.80 266.00 Td (achievements ) Tj ET Q
q 0 0 0 rg BT 280.56 266.00 Td (under ) Tj ET Q
q 0 0 0 rg BT 307.07 266.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 322.51 266.00 Td (non-financial ) Tj ET Q
q 0 0 0 rg BT 381.10 266.00 Td (metrics ) Tj ET Q
q 0 0 0 rg BT 414.61 266.00 Td (categories ) Tj ET Q
q 0 0 0 rg BT 459.78 266.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 477.56 266.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.99 266.00 Td (weightings ) Tj ET Q
q 0 0 0 rg BT 541.69 266.00 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 253.40 Td (�meets ) Tj ET Q
q 0 0 0 rg BT 80.34 253.40 Td (to ) Tj ET Q
q 0 0 0 rg BT 90.19 253.40 Td (partially ) Tj ET Q
q 0 0 0 rg BT 126.86 253.40 Td (meets�, ) Tj ET Q
q 0 0 0 rg BT 160.32 253.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 177.17 253.40 Td (with ) Tj ET Q
q 0 0 0 rg BT 197.52 253.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 212.03 253.40 Td (range ) Tj ET Q
q 0 0 0 rg BT 237.03 253.40 Td (provided ) Tj ET Q
q 0 0 0 rg BT 276.04 253.40 Td (for) Tj ET Q
q 0 0 0 rg BT 287.87 253.40 Td (, ) Tj ET Q
q 0 0 0 rg BT 292.17 253.40 Td (agreed ) Tj ET Q
q 0 0 0 rg BT 321.84 253.40 Td (to ) Tj ET Q
q 0 0 0 rg BT 331.69 253.40 Td (recommend ) Tj ET Q
q 0 0 0 rg BT 382.94 253.40 Td (for ) Tj ET Q
q 0 0 0 rg BT 396.86 253.40 Td (approval ) Tj ET Q
q 0 0 0 rg BT 435.28 253.40 Td (by ) Tj ET Q
q 0 0 0 rg BT 447.47 253.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 461.98 253.40 Td (Board ) Tj ET Q
q 0 0 0 rg BT 489.32 253.40 Td (a ) Tj ET Q
q 0 0 0 rg BT 495.67 253.40 Td (gross ) Tj ET Q
q 0 0 0 rg BT 519.52 253.40 Td (incentive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 240.80 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.76 240.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.61 240.80 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 104.62 240.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.39 240.80 Td ($8,300,000, ) Tj ET Q
q 0 0 0 rg BT 169.28 240.80 Td (below ) Tj ET Q
q 0 0 0 rg BT 197.96 240.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.80 240.80 Td (tar) Tj ET Q
q 0 0 0 rg BT 224.69 240.80 Td (get ) Tj ET Q
q 0 0 0 rg BT 240.53 240.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 252.30 240.80 Td ($9,500,000. ) Tj ET Q
q 0 0 0 rg BT 305.19 240.80 Td (For ) Tj ET Q
q 0 0 0 rg BT 322.79 240.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.64 240.80 Td (four ) Tj ET Q
q 0 0 0 rg BT 359.15 240.80 Td (other ) Tj ET Q
q 0 0 0 rg BT 383.74 240.80 Td (named ) Tj ET Q
q 0 0 0 rg BT 414.75 240.80 Td (executive ) Tj ET Q
q 0 0 0 rg BT 457.99 240.80 Td (of) Tj ET Q
q 0 0 0 rg BT 466.55 240.80 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 495.51 240.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 511.35 240.80 Td (Committee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 228.20 Td (approved ) Tj ET Q
q 0 0 0 rg BT 91.79 228.20 Td (a ) Tj ET Q
q 0 0 0 rg BT 99.68 228.20 Td (gross ) Tj ET Q
q 0 0 0 rg BT 125.07 228.20 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 166.78 228.20 Td (at ) Tj ET Q
q 0 0 0 rg BT 177.58 228.20 Td (tar) Tj ET Q
q 0 0 0 rg BT 188.46 228.20 Td (get ) Tj ET Q
q 0 0 0 rg BT 204.52 228.20 Td (for ) Tj ET Q
q 0 0 0 rg BT 219.98 228.20 Td (all ) Tj ET Q
q 0 0 0 rg BT 233.70 228.20 Td (but ) Tj ET Q
q 0 0 0 rg BT 250.34 228.20 Td (one, ) Tj ET Q
q 0 0 0 rg BT 271.35 228.20 Td (whose ) Tj ET Q
q 0 0 0 rg BT 301.41 228.20 Td (approved ) Tj ET Q
q 0 0 0 rg BT 343.70 228.20 Td (gross ) Tj ET Q
q 0 0 0 rg BT 369.09 228.20 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 410.80 228.20 Td (was ) Tj ET Q
q 0 0 0 rg BT 430.35 228.20 Td (below ) Tj ET Q
q 0 0 0 rg BT 459.24 228.20 Td (tar) Tj ET Q
q 0 0 0 rg BT 470.12 228.20 Td (get. ) Tj ET Q
q 0 0 0 rg BT 488.80 228.20 Td ( ) Tj ET Q
q 0 0 0 rg BT 491.79 228.20 Td (The ) Tj ET Q
q 0 0 0 rg BT 511.34 228.20 Td (Committee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 215.60 Td (concluded ) Tj ET Q
q 0 0 0 rg BT 95.88 215.60 Td (that ) Tj ET Q
q 0 0 0 rg BT 114.85 215.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 130.91 215.60 Td (award ) Tj ET Q
q 0 0 0 rg BT 159.78 215.60 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 202.09 215.60 Td (were ) Tj ET Q
q 0 0 0 rg BT 225.72 215.60 Td (supported ) Tj ET Q
q 0 0 0 rg BT 270.36 215.60 Td (by ) Tj ET Q
q 0 0 0 rg BT 284.09 215.60 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 308.89 215.60 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 340.39 215.60 Td (s ) Tj ET Q
q 0 0 0 rg BT 347.70 215.60 Td (financial ) Tj ET Q
q 0 0 0 rg BT 387.66 215.60 Td (performance ) Tj ET Q
q 0 0 0 rg BT 443.94 215.60 Td (and ) Tj ET Q
q 0 0 0 rg BT 462.33 215.60 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 498.79 215.60 Td (in ) Tj ET Q
q 0 0 0 rg BT 510.19 215.60 Td (appropriate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 203.00 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.56 203.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 122.05 203.00 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 146.37 203.00 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 177.87 203.00 Td (s ) Tj ET Q
q 0 0 0 rg BT 184.70 203.00 Td (executive ) Tj ET Q
q 0 0 0 rg BT 227.67 203.00 Td (of) Tj ET Q
q 0 0 0 rg BT 236.22 203.00 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 262.28 203.00 Td (relative ) Tj ET Q
q 0 0 0 rg BT 296.51 203.00 Td (to ) Tj ET Q
q 0 0 0 rg BT 307.41 203.00 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 368.48 203.00 Td (paid ) Tj ET Q
q 0 0 0 rg BT 389.30 203.00 Td (by ) Tj ET Q
q 0 0 0 rg BT 402.54 203.00 Td (peers. ) Tj ET Q
q 0 0 0 rg BT 430.06 203.00 Td (See ) Tj ET Q
q 0 0 0 rg BT 447.96 203.00 Td (�Executive ) Tj ET Q
q 0 0 0 rg BT 497.35 203.00 Td (Compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 190.40 Td (- ) Tj ET Q
q 0 0 0 rg BT 55.36 190.40 Td (Potential ) Tj ET Q
q 0 0 0 rg BT 95.05 190.40 Td (Payments ) Tj ET Q
q 0 0 0 rg BT 138.25 190.40 Td (on ) Tj ET Q
q 0 0 0 rg BT 150.94 190.40 Td (T) Tj ET Q
q 0 0 0 rg BT 156.62 190.40 Td (ermination ) Tj ET Q
q 0 0 0 rg BT 204.47 190.40 Td (or ) Tj ET Q
q 0 0 0 rg BT 215.58 190.40 Td (a ) Tj ET Q
q 0 0 0 rg BT 222.60 190.40 Td (Change ) Tj ET Q
q 0 0 0 rg BT 257.04 190.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 268.15 190.40 Td (Control ) Tj ET Q
q 0 0 0 rg BT 302.59 190.40 Td (or ) Tj ET Q
q 0 0 0 rg BT 313.70 190.40 Td (Retirement� ) Tj ET Q
q 0 0 0 rg BT 367.38 190.40 Td (for ) Tj ET Q
q 0 0 0 rg BT 381.98 190.40 Td (a ) Tj ET Q
q 0 0 0 rg BT 389.01 190.40 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 435.12 190.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 446.23 190.40 Td (payments ) Tj ET Q
q 0 0 0 rg BT 488.84 190.40 Td (in ) Tj ET Q
q 0 0 0 rg BT 499.37 190.40 Td (January ) Tj ET Q
q 0 0 0 rg BT 534.38 190.40 Td (2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 177.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.74 177.80 Td (connection ) Tj ET Q
q 0 0 0 rg BT 107.87 177.80 Td (with ) Tj ET Q
q 0 0 0 rg BT 128.61 177.80 Td (an ) Tj ET Q
q 0 0 0 rg BT 140.59 177.80 Td (executive ) Tj ET Q
q 0 0 0 rg BT 182.88 177.80 Td (team ) Tj ET Q
q 0 0 0 rg BT 205.36 177.80 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 261.08 177.80 Td (announced ) Tj ET Q
q 0 0 0 rg BT 308.63 177.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 318.87 177.80 Td (May ) Tj ET Q
q 0 0 0 rg BT 340.18 177.80 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 365.88 177.80 Td (to ) Tj ET Q
q 0 0 0 rg BT 376.11 177.80 Td (two ) Tj ET Q
q 0 0 0 rg BT 393.93 177.80 Td (named ) Tj ET Q
q 0 0 0 rg BT 423.99 177.80 Td (executive ) Tj ET Q
q 0 0 0 rg BT 466.29 177.80 Td (of) Tj ET Q
q 0 0 0 rg BT 474.84 177.80 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 500.23 177.80 Td (who ) Tj ET Q
q 0 0 0 rg BT 520.38 177.80 Td (left ) Tj ET Q
q 0 0 0 rg BT 536.44 177.80 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 165.20 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 80.71 165.20 Td (ef) Tj ET Q
q 0 0 0 rg BT 88.68 165.20 Td (fective ) Tj ET Q
q 0 0 0 rg BT 119.86 165.20 Td (January ) Tj ET Q
q 0 0 0 rg BT 155.14 165.20 Td (1, ) Tj ET Q
q 0 0 0 rg BT 165.64 165.20 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 191.89 165.20 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 140.00 Td (Determination ) Tj ET Q
q 0 0 0 rg BT 117.44 140.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 128.82 140.00 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 157.30 140.00 Td (Y) Tj ET Q
q 0 0 0 rg BT 163.72 140.00 Td (ear) Tj ET Q
q 0 0 0 rg BT 178.10 140.00 Td ( ) Tj ET Q
q 0 0 0 rg BT 180.72 140.00 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 204.16 140.00 Td (T) Tj ET Q
q 0 0 0 rg BT 210.20 140.00 Td (otal ) Tj ET Q
q 0 0 0 rg BT 229.74 140.00 Td (Dir) Tj ET Q
q 0 0 0 rg BT 244.71 140.00 Td (ect ) Tj ET Q
q 0 0 0 rg BT 260.15 140.00 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 127.40 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.79 127.40 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.58 127.40 Td (table ) Tj ET Q
q 0 0 0 rg BT 135.95 127.40 Td (shows ) Tj ET Q
q 0 0 0 rg BT 165.17 127.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.96 127.40 Td (named ) Tj ET Q
q 0 0 0 rg BT 211.91 127.40 Td (executive ) Tj ET Q
q 0 0 0 rg BT 255.10 127.40 Td (of) Tj ET Q
q 0 0 0 rg BT 263.65 127.40 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 285.85 127.40 Td (base ) Tj ET Q
q 0 0 0 rg BT 307.47 127.40 Td (salary ) Tj ET Q
q 0 0 0 rg BT 335.50 127.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 353.62 127.40 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 395.07 127.40 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 456.35 127.40 Td (for ) Tj ET Q
q 0 0 0 rg BT 471.56 127.40 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 497.26 127.40 Td (year ) Tj ET Q
q 0 0 0 rg BT 518.29 127.40 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 542.25 127.40 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 114.80 Td (was ) Tj ET Q
q 0 0 0 rg BT 68.74 114.80 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 107.21 114.80 Td (or ) Tj ET Q
q 0 0 0 rg BT 118.87 114.80 Td (approved ) Tj ET Q
q 0 0 0 rg BT 160.85 114.80 Td (by ) Tj ET Q
q 0 0 0 rg BT 174.26 114.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 190.00 114.80 Td (Committee. ) Tj ET Q
q 0 0 0 rg BT 241.99 114.80 Td (The ) Tj ET Q
q 0 0 0 rg BT 261.22 114.80 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 310.79 114.80 Td (establishes ) Tj ET Q
q 0 0 0 rg BT 359.20 114.80 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.27 114.80 Td (awards ) Tj ET Q
q 0 0 0 rg BT 409.92 114.80 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 451.31 114.80 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 512.54 114.80 Td (for ) Tj ET Q
q 0 0 0 rg BT 527.70 114.80 Td (a ) Tj ET Q
q 0 0 0 rg BT 535.27 114.80 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 102.20 Td (year ) Tj ET Q
q 0 0 0 rg BT 70.32 102.20 Td (at ) Tj ET Q
q 0 0 0 rg BT 80.64 102.20 Td (or ) Tj ET Q
q 0 0 0 rg BT 92.14 102.20 Td (after ) Tj ET Q
q 0 0 0 rg BT 114.12 102.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.69 102.20 Td (end ) Tj ET Q
q 0 0 0 rg BT 147.60 102.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 159.10 102.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.67 102.20 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 200.16 102.20 Td (year ) Tj ET Q
q 0 0 0 rg BT 220.98 102.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 231.89 102.20 Td (order ) Tj ET Q
q 0 0 0 rg BT 256.79 102.20 Td (to ) Tj ET Q
q 0 0 0 rg BT 267.71 102.20 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 297.27 102.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 312.84 102.20 Td (full ) Tj ET Q
q 0 0 0 rg BT 330.17 102.20 Td (year) Tj ET Q
q 0 0 0 rg BT 348.63 102.20 Td (�) Tj ET Q
q 0 0 0 rg BT 351.55 102.20 Td (s ) Tj ET Q
q 0 0 0 rg BT 358.38 102.20 Td (performance ) Tj ET Q
q 0 0 0 rg BT 414.18 102.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 425.10 102.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.67 102.20 Td (award ) Tj ET Q
q 0 0 0 rg BT 469.07 102.20 Td (decisions. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 513.52 102.20 Td (Thus, ) Tj ET Q
q 0 0 0 rg BT 541.67 102.20 Td (this ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 89.60 Td (table ) Tj ET Q
q 0 0 0 rg BT 74.42 89.60 Td (differs ) Tj ET Q
q 0 0 0 rg BT 106.32 89.60 Td (fr) Tj ET Q
q 0 0 0 rg BT 114.29 89.60 Td (om ) Tj ET Q
q 0 0 0 rg BT 131.04 89.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 147.79 89.60 Td (Summary ) Tj ET Q
q 0 0 0 rg BT 194.87 89.60 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 262.18 89.60 Td (T) Tj ET Q
q 0 0 0 rg BT 268.22 89.60 Td (able ) Tj ET Q
q 0 0 0 rg BT 289.64 89.60 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 335.55 89.60 Td (because ) Tj ET Q
q 0 0 0 rg BT 373.30 89.60 Td (it ) Tj ET Q
q 0 0 0 rg BT 382.46 89.60 Td (r) Tj ET Q
q 0 0 0 rg BT 386.93 89.60 Td (eflects ) Tj ET Q
q 0 0 0 rg BT 417.66 89.60 Td (for) Tj ET Q
q 0 0 0 rg BT 430.88 89.60 Td ( ) Tj ET Q
q 0 0 0 rg BT 433.63 89.60 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 459.71 89.60 Td (year) Tj ET Q
q 0 0 0 rg BT 479.34 89.60 Td ( ) Tj ET Q
q 0 0 0 rg BT 482.09 89.60 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 505.84 89.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 522.59 89.60 Td (value ) Tj ET Q
q 0 0 0 rg BT 549.26 89.60 Td (of ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 77.00 Td (equity ) Tj ET Q
q 0 0 0 rg BT 80.46 77.00 Td (awards ) Tj ET Q
q 0 0 0 rg BT 116.09 77.00 Td (that ) Tj ET Q
q 0 0 0 rg BT 137.13 77.00 Td (wer) Tj ET Q
q 0 0 0 rg BT 153.84 77.00 Td (e ) Tj ET Q
q 0 0 0 rg BT 161.46 77.00 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 203.50 77.00 Td (in ) Tj ET Q
q 0 0 0 rg BT 215.22 77.00 Td (May ) Tj ET Q
q 0 0 0 rg BT 238.58 77.00 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 262.54 77.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 282.43 77.00 Td (ar) Tj ET Q
q 0 0 0 rg BT 292.15 77.00 Td (e ) Tj ET Q
q 0 0 0 rg BT 299.77 77.00 Td (part ) Tj ET Q
q 0 0 0 rg BT 321.97 77.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 333.67 77.00 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 359.96 77.00 Td (year) Tj ET Q
q 0 0 0 rg BT 379.59 77.00 Td ( ) Tj ET Q
q 0 0 0 rg BT 382.55 77.00 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 406.50 77.00 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 449.70 77.00 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 517.12 77.00 Td (while ) Tj ET Q
q 0 0 0 rg BT 544.00 77.00 Td (the ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 64.40 Td (Summary ) Tj ET Q
q 0 0 0 rg BT 96.67 64.40 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 164.05 64.40 Td (T) Tj ET Q
q 0 0 0 rg BT 170.09 64.40 Td (able ) Tj ET Q
q 0 0 0 rg BT 191.59 64.40 Td (includes ) Tj ET Q
q 0 0 0 rg BT 231.19 64.40 Td (in ) Tj ET Q
q 0 0 0 rg BT 242.77 64.40 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 268.93 64.40 Td (year) Tj ET Q
q 0 0 0 rg BT 288.57 64.40 Td ( ) Tj ET Q
q 0 0 0 rg BT 291.40 64.40 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 315.23 64.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 332.06 64.40 Td (value ) Tj ET Q
q 0 0 0 rg BT 358.81 64.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.38 64.40 Td (equity ) Tj ET Q
q 0 0 0 rg BT 401.22 64.40 Td (awards ) Tj ET Q
q 0 0 0 rg BT 436.72 64.40 Td (made ) Tj ET Q
q 0 0 0 rg BT 464.05 64.40 Td (in ) Tj ET Q
q 0 0 0 rg BT 475.64 64.40 Td (May ) Tj ET Q
q 0 0 0 rg BT 498.88 64.40 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 522.71 64.40 Td (that ) Tj ET Q
q 0 0 0 rg BT 543.63 64.40 Td (ar) Tj ET Q
q 0 0 0 rg BT 553.35 64.40 Td (e ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 51.80 Td (part ) Tj ET Q
q 0 0 0 rg BT 71.17 51.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 82.34 51.80 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 108.09 51.80 Td (year) Tj ET Q
q 0 0 0 rg BT 127.72 51.80 Td ( ) Tj ET Q
q 0 0 0 rg BT 130.14 51.80 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 153.57 51.80 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 196.23 51.80 Td (compensation. ) Tj ET Q
q 0 0 0 rg BT 263.12 51.80 Td (In ) Tj ET Q
q 0 0 0 rg BT 275.46 51.80 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 317.86 51.80 Td (Frances ) Tj ET Q
q 0 0 0 rg BT 355.86 51.80 Td (L. ) Tj ET Q
q 0 0 0 rg BT 367.91 51.80 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 412.93 51.80 Td (and ) Tj ET Q
q 0 0 0 rg BT 432.10 51.80 Td (Thomas ) Tj ET Q
q 0 0 0 rg BT 470.70 51.80 Td (K. ) Tj ET Q
q 0 0 0 rg BT 483.92 51.80 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 514.93 51.80 Td (appear) Tj ET Q
q 0 0 0 rg BT 546.24 51.80 Td ( ) Tj ET Q
q 0 0 0 rg BT 548.67 51.80 Td (as ) Tj ET Q
endstream
endobj
331 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 332 0 R>>
endobj
332 0 obj
<</Length 21172>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (163) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (named ) Tj ET Q
q 0 0 0 rg BT 82.35 741.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 126.27 741.90 Td (officers ) Tj ET Q
q 0 0 0 rg BT 162.01 741.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 173.28 741.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.80 741.90 Td (Summary ) Tj ET Q
q 0 0 0 rg BT 236.65 741.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 303.74 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 309.78 741.90 Td (able, ) Tj ET Q
q 0 0 0 rg BT 333.59 741.90 Td (but ) Tj ET Q
q 0 0 0 rg BT 351.28 741.90 Td (do ) Tj ET Q
q 0 0 0 rg BT 364.89 741.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 381.99 741.90 Td (appear) Tj ET Q
q 0 0 0 rg BT 413.30 741.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 415.82 741.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 427.09 741.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.60 741.90 Td (table ) Tj ET Q
q 0 0 0 rg BT 468.29 741.90 Td (below) Tj ET Q
q 0 0 0 rg BT 493.96 741.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 499.10 741.90 Td (because ) Tj ET Q
q 0 0 0 rg BT 536.61 741.90 Td (their) Tj ET Q
q 0 0 0 rg BT 558.00 741.90 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (employment ) Tj ET Q
q 0 0 0 rg BT 107.86 729.30 Td (ended ) Tj ET Q
q 0 0 0 rg BT 137.65 729.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 149.93 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 161.63 729.30 Td (January ) Tj ET Q
q 0 0 0 rg BT 201.91 729.30 Td (1, ) Tj ET Q
q 0 0 0 rg BT 212.74 729.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 236.69 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 256.56 729.30 Td (they ) Tj ET Q
q 0 0 0 rg BT 278.76 729.30 Td (wer) Tj ET Q
q 0 0 0 rg BT 295.47 729.30 Td (e ) Tj ET Q
q 0 0 0 rg BT 303.08 729.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 320.62 729.30 Td (consider) Tj ET Q
q 0 0 0 rg BT 358.34 729.30 Td (ed ) Tj ET Q
q 0 0 0 rg BT 371.79 729.30 Td (for) Tj ET Q
q 0 0 0 rg BT 385.01 729.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 387.96 729.30 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 431.15 729.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 495.93 729.30 Td (for) Tj ET Q
q 0 0 0 rg BT 509.15 729.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 512.10 729.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 538.38 729.30 Td (year) Tj ET Q
q 0 0 0 rg BT 558.01 729.30 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (2020.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 670.2 m
182.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
182.75 670.2 m
253.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
253.75 670.2 m
326.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.75 670.2 m
412.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
412.75 670.2 m
482.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
482.75 670.2 m
557.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 670.2 m
182.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
182.75 670.2 m
253.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
253.75 670.2 m
326.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.75 670.2 m
412.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
412.75 670.2 m
482.75 670.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
482.75 670.2 m
557.75 670.2 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.25 674.99 Td (Name) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 229.20 685.49 Td (Base) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 221.05 674.99 Td (Salary) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 300.45 695.99 Td (Cash) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 281.80 685.49 Td (Incentive) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 283.55 674.99 Td (Payment) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 343.80 685.49 Td (Deferr) Tj ET Q
q 0 0 0 rg BT 373.33 685.49 Td (ed Cash) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 357.20 674.99 Td (Unit ) Tj ET Q
q 0 0 0 rg BT 379.08 674.99 Td (A) Tj ET Q
q 0 0 0 rg BT 385.89 674.99 Td (ward) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 456.25 695.99 Td (T) Tj ET Q
q 0 0 0 rg BT 462.29 695.99 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 437.80 685.49 Td (Incentive) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 441.15 674.99 Td (A) Tj ET Q
q 0 0 0 rg BT 447.95 674.99 Td (ward) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 471.29 679.75 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 531.25 685.49 Td (T) Tj ET Q
q 0 0 0 rg BT 537.29 685.49 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 489.45 674.99 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 659.97 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 82.17 659.97 Td (A. Sullivan) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 185.25 659.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 215.60 659.97 Td (500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 256.25 659.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.75 659.97 Td (2,490,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 329.25 659.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.75 659.97 Td (5,810,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 415.25 659.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.75 659.97 Td (8,300,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 485.25 659.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.75 659.97 Td (8,800,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 644.97 Td (Peter H. Nachtwey) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 215.60 644.97 Td (350,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.75 644.97 Td (1,406,250) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.75 644.97 Td (1,718,750) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.75 644.97 Td (3,125,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.75 644.97 Td (3,475,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 629.97 Td (T) Tj ET Q
q 0 0 0 rg BT 56.93 629.97 Td (erence ) Tj ET Q
q 0 0 0 rg BT 86.37 629.97 Td (A. Johnson) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 133.62 634.73 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 215.60 629.97 Td (285,975) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 280.75 629.97 Td (1,200,870) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.75 629.97 Td (1,467,730) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.75 629.97 Td (2,668,600) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.75 629.97 Td (2,954,575) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 614.97 Td (Patricia Lattin) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 215.60 614.97 Td (350,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 288.60 614.97 Td (416,250) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.60 614.97 Td (508,750) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 444.60 614.97 Td (925,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.75 614.97 Td (1,275,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 599.97 Td (Thomas C. Merchant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 215.60 599.97 Td (350,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 288.60 599.97 Td (810,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 374.60 599.97 Td (990,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 436.75 599.97 Td (1,800,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 511.75 599.97 Td (2,150,000) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 49.50 587.86 Td (\(1\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 583.10 Td (T) Tj ET Q
q 0 0 0 rg BT 73.18 583.10 Td (otal incentive award is the sum of cash incentive payment and deferred cash unit award. ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 49.50 575.26 Td (\(2\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 570.50 Td (Mr) Tj ET Q
q 0 0 0 rg BT 79.75 570.50 Td (. Johnson�) Tj ET Q
q 0 0 0 rg BT 122.34 570.50 Td (s salary of U.S. $350,000, as determined based on the GBP) Tj ET Q
q 0 0 0 rg BT 370.42 570.50 Td ( exchange rate in ef) Tj ET Q
q 0 0 0 rg BT 452.44 570.50 Td (fect on the day he ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 557.90 Td (became an executive of) Tj ET Q
q 0 0 0 rg BT 166.13 557.90 Td (ficer in 2013, is paid in GBP) Tj ET Q
q 0 0 0 rg BT 285.42 557.90 Td (. Using an average conversion rate of 1.271 for fiscal year 2020, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 545.30 Td (Mr) Tj ET Q
q 0 0 0 rg BT 79.75 545.30 Td (. Johnson received U.S. $285,975 in base salary) Tj ET Q
q 0 0 0 rg BT 280.00 545.30 Td (. His incentive award was converted from GBP) Tj ET Q
q 0 0 0 rg BT 477.89 545.30 Td ( to USD using the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 67.50 532.70 Td (conversion rate on the award date, May 15, 2020, which was 1.213.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 507.50 Td (Determination ) Tj ET Q
q 0 0 0 rg BT 117.44 507.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 128.82 507.50 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 157.30 507.50 Td (Y) Tj ET Q
q 0 0 0 rg BT 163.72 507.50 Td (ear) Tj ET Q
q 0 0 0 rg BT 178.10 507.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 180.72 507.50 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 204.35 507.50 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 247.81 507.50 Td (A) Tj ET Q
q 0 0 0 rg BT 254.61 507.50 Td (wards ) Tj ET Q
q 0 0 0 rg BT 284.65 507.50 Td (for) Tj ET Q
q 0 0 0 rg BT 297.87 507.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 300.50 507.50 Td (Executives) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 494.90 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.96 494.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 92.57 494.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 113.51 494.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 140.01 494.90 Td (all ) Tj ET Q
q 0 0 0 rg BT 153.38 494.90 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 194.74 494.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 227.35 494.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 245.97 494.90 Td (would ) Tj ET Q
q 0 0 0 rg BT 275.09 494.90 Td (have ) Tj ET Q
q 0 0 0 rg BT 297.79 494.90 Td (been ) Tj ET Q
q 0 0 0 rg BT 320.48 494.90 Td (granted ) Tj ET Q
q 0 0 0 rg BT 354.84 494.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 366.46 494.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 395.58 494.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 428.19 494.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 439.23 494.90 Td (prior ) Tj ET Q
q 0 0 0 rg BT 462.52 494.90 Td (years ) Tj ET Q
q 0 0 0 rg BT 487.55 494.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 510.82 494.90 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 549.26 494.90 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 482.30 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 87.51 482.30 Td (cash ) Tj ET Q
q 0 0 0 rg BT 109.20 482.30 Td (units. ) Tj ET Q
q 0 0 0 rg BT 135.29 482.30 Td (In ) Tj ET Q
q 0 0 0 rg BT 147.07 482.30 Td (approving ) Tj ET Q
q 0 0 0 rg BT 192.69 482.30 Td (these ) Tj ET Q
q 0 0 0 rg BT 217.30 482.30 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 258.82 482.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 291.59 482.30 Td (\(and ) Tj ET Q
q 0 0 0 rg BT 313.29 482.30 Td (determining ) Tj ET Q
q 0 0 0 rg BT 367.06 482.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 382.93 482.30 Td (split ) Tj ET Q
q 0 0 0 rg BT 404.06 482.30 Td (between ) Tj ET Q
q 0 0 0 rg BT 442.08 482.30 Td (cash ) Tj ET Q
q 0 0 0 rg BT 463.77 482.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 481.97 482.30 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 519.98 482.30 Td (cash\) ) Tj ET Q
q 0 0 0 rg BT 545.17 482.30 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 469.70 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 100.42 469.70 Td (led ) Tj ET Q
q 0 0 0 rg BT 117.51 469.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.60 469.70 Td (full ) Tj ET Q
q 0 0 0 rg BT 153.45 469.70 Td (Board ) Tj ET Q
q 0 0 0 rg BT 183.37 469.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 195.80 469.70 Td (its ) Tj ET Q
q 0 0 0 rg BT 209.98 469.70 Td (review ) Tj ET Q
q 0 0 0 rg BT 242.82 469.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 255.82 469.70 Td (Mr) Tj ET Q
q 0 0 0 rg BT 268.08 469.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 274.97 469.70 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 314.23 469.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 326.66 469.70 Td (his ) Tj ET Q
q 0 0 0 rg BT 343.18 469.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 400.49 469.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 413.50 469.70 Td (CEO, ) Tj ET Q
q 0 0 0 rg BT 441.39 469.70 Td (giving ) Tj ET Q
q 0 0 0 rg BT 472.48 469.70 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 533.31 469.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 545.74 469.70 Td (his ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 457.10 Td (responsibilities, ) Tj ET Q
q 0 0 0 rg BT 118.80 457.10 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 177.31 457.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 195.57 457.10 Td (achievements ) Tj ET Q
q 0 0 0 rg BT 255.81 457.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 286.32 457.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 302.25 457.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 328.08 457.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 349.25 457.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 361.09 457.10 Td (well ) Tj ET Q
q 0 0 0 rg BT 382.27 457.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 394.11 457.10 Td (market ) Tj ET Q
q 0 0 0 rg BT 426.36 457.10 Td (practices. ) Tj ET Q
q 0 0 0 rg BT 469.39 457.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 481.23 457.10 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 521.37 457.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 543.13 457.10 Td (Mr) Tj ET Q
q 0 0 0 rg BT 555.39 457.10 Td (. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 444.50 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 87.13 444.50 Td (present, ) Tj ET Q
q 0 0 0 rg BT 122.70 444.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.15 444.50 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 187.44 444.50 Td (considered ) Tj ET Q
q 0 0 0 rg BT 235.55 444.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 251.00 444.50 Td (following ) Tj ET Q
q 0 0 0 rg BT 294.46 444.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 315.75 444.50 Td (respect ) Tj ET Q
q 0 0 0 rg BT 348.11 444.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 358.90 444.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.35 444.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 398.55 444.50 Td (named ) Tj ET Q
q 0 0 0 rg BT 429.17 444.50 Td (executive ) Tj ET Q
q 0 0 0 rg BT 472.02 444.50 Td (of) Tj ET Q
q 0 0 0 rg BT 480.58 444.50 Td (ficers:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 419.30 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 419.30 Td (Their ) Tj ET Q
q 0 0 0 rg BT 84.86 419.30 Td (individual ) Tj ET Q
q 0 0 0 rg BT 130.07 419.30 Td (responsibilities ) Tj ET Q
q 0 0 0 rg BT 196.28 419.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 214.06 419.30 Td (achievements ) Tj ET Q
q 0 0 0 rg BT 273.83 419.30 Td (during ) Tj ET Q
q 0 0 0 rg BT 303.87 419.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 319.32 419.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 344.69 419.30 Td (year) Tj ET Q
q 0 0 0 rg BT 362.33 419.30 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 406.70 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 406.70 Td (Market ) Tj ET Q
q 0 0 0 rg BT 92.45 406.70 Td (practices,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 394.10 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 394.10 Td (Mr) Tj ET Q
q 0 0 0 rg BT 71.75 394.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 76.66 394.10 Td (Sullivan�) Tj ET Q
q 0 0 0 rg BT 114.58 394.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 120.96 394.10 Td (views ) Tj ET Q
q 0 0 0 rg BT 147.74 394.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 158.77 394.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 169.22 394.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 184.34 394.10 Td (individual ) Tj ET Q
q 0 0 0 rg BT 229.20 394.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 284.54 394.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 301.98 394.10 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 359.68 394.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 372.47 394.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.58 394.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 417.85 394.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 460.37 394.10 Td (of) Tj ET Q
q 0 0 0 rg BT 468.92 394.10 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 490.44 394.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 520.14 394.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 535.25 394.10 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 381.50 Td (year) Tj ET Q
q 0 0 0 rg BT 77.15 381.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 82.40 381.50 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 368.90 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 368.90 Td (Mr) Tj ET Q
q 0 0 0 rg BT 71.75 368.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 77.00 368.90 Td (Sullivan�) Tj ET Q
q 0 0 0 rg BT 114.92 368.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 121.64 368.90 Td (views ) Tj ET Q
q 0 0 0 rg BT 148.76 368.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 160.13 368.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 175.58 368.90 Td (initiative, ) Tj ET Q
q 0 0 0 rg BT 218.16 368.90 Td (business ) Tj ET Q
q 0 0 0 rg BT 256.37 368.90 Td (judgment ) Tj ET Q
q 0 0 0 rg BT 298.66 368.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 316.44 368.90 Td (management ) Tj ET Q
q 0 0 0 rg BT 372.71 368.90 Td (skills ) Tj ET Q
q 0 0 0 rg BT 397.52 368.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 408.89 368.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 424.34 368.90 Td (named ) Tj ET Q
q 0 0 0 rg BT 454.95 368.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 497.81 368.90 Td (of) Tj ET Q
q 0 0 0 rg BT 506.36 368.90 Td (ficer) Tj ET Q
q 0 0 0 rg BT 525.02 368.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 343.70 Td (The Committee approved incentive awards are summarized in the table below:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 297.20000000000005 m
250.25 297.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
250.25 297.20000000000005 m
332.25 297.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
332.25 297.20000000000005 m
414.25 297.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
414.25 297.20000000000005 m
486.25 297.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
486.25 297.20000000000005 m
557.25 297.20000000000005 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 301.99 Td (Name) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 299.35 322.99 Td (T) Tj ET Q
q 0 0 0 rg BT 305.39 322.99 Td (arget) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 287.30 312.49 Td (Incentive) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 294.50 301.99 Td (A) Tj ET Q
q 0 0 0 rg BT 301.30 301.99 Td (wards) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 387.75 322.99 Td (T) Tj ET Q
q 0 0 0 rg BT 393.79 322.99 Td (otal) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 369.30 312.49 Td (Incentive) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 380.60 301.99 Td (A) Tj ET Q
q 0 0 0 rg BT 387.40 301.99 Td (ward) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 437.80 312.49 Td (% Paid in ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 459.95 301.99 Td (Cash) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 508.80 322.99 Td (% Paid in) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 513.70 312.49 Td (Deferr) Tj ET Q
q 0 0 0 rg BT 543.23 312.49 Td (ed) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 504.40 301.99 Td (Cash Units) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 286.97 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 82.67 286.97 Td (A. Sullivan) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 252.75 286.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 286.25 286.97 Td (9,500,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 334.75 286.97 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.25 286.97 Td (8,300,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.50 286.97 Td (30) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.00 286.97 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 286.97 Td (70) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 286.97 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 271.97 Td (Peter H. Nachtwey) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 286.25 271.97 Td (3,125,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.25 271.97 Td (3,125,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.50 271.97 Td (45) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.00 271.97 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 271.97 Td (55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 271.97 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 256.97 Td (T) Tj ET Q
q 0 0 0 rg BT 57.80 256.97 Td (erence ) Tj ET Q
q 0 0 0 rg BT 87.16 256.97 Td (A. Johnson) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 286.25 256.97 Td (3,285,573) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.25 256.97 Td (2,668,600) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.50 256.97 Td (45) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.00 256.97 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 256.97 Td (55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 256.97 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 241.97 Td (Patricia Lattin) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 294.10 241.97 Td (925,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 376.10 241.97 Td (925,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.50 241.97 Td (45) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.00 241.97 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 241.97 Td (55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 241.97 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 226.97 Td (Thomas C. Merchant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 286.25 226.97 Td (1,800,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 368.25 226.97 Td (1,800,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 466.50 226.97 Td (45) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 477.00 226.97 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 537.50 226.97 Td (55) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 548.00 226.97 Td (%) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
333 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 334 0 R>>
endobj
334 0 obj
<</Length 36698>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (164) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 49.50 742.25 Td (Determination of Individual Named Executive Officers�) Tj ET Q
q 0 0 0 rg BT 286.23 742.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 288.55 742.25 Td (T) Tj ET Q
q 0 0 0 rg BT 294.30 742.25 Td (otal Dir) Tj ET Q
q 0 0 0 rg BT 327.17 742.25 Td (ect Compensation for) Tj ET Q
q 0 0 0 rg BT 418.64 742.25 Td ( Fiscal ) Tj ET Q
q 0 0 0 rg BT 448.26 742.25 Td (Y) Tj ET Q
q 0 0 0 rg BT 454.37 742.25 Td (ear) Tj ET Q
q 0 0 0 rg BT 468.07 742.25 Td (�2020 ) Tj ET Q
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 710.75 m
217.75 710.75 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
217.75 710.75 m
557.75 710.75 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 615.75 m
217.75 615.75 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
217.75 615.75 m
557.75 615.75 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 540.75 m
217.75 540.75 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
217.75 540.75 m
557.75 540.75 l
s
0.7607843137254902 0.7607843137254902 0.7607843137254902 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 465.75 m
217.75 465.75 l
s
0.7607843137254902 0.7607843137254902 0.7607843137254902 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
217.75 465.75 m
557.75 465.75 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 390.75 m
217.75 390.75 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
217.75 390.75 m
557.75 390.75 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.25 715.54 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 84.51 715.54 Td (A. Sullivan�����) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 220.25 715.54 Td (Chief Executive Officer) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 700.97 Td (Mr) Tj ET Q
q 0 0 0 rg BT 63.79 700.97 Td (. ) Tj ET Q
q 0 0 0 rg BT 68.19 700.97 Td (Sullivan�) Tj ET Q
q 0 0 0 rg BT 106.40 700.97 Td (s ) Tj ET Q
q 0 0 0 rg BT 112.25 700.97 Td (total ) Tj ET Q
q 0 0 0 rg BT 132.97 700.97 Td (direct ) Tj ET Q
q 0 0 0 rg BT 158.94 700.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 219.32 700.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 233.62 700.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 258.42 700.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 278.54 700.97 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 301.60 700.97 Td (included ) Tj ET Q
q 0 0 0 rg BT 339.81 700.97 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 351.78 700.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 358.50 700.97 Td ($8,300,000 ) Tj ET Q
q 0 0 0 rg BT 407.81 700.97 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 448.35 700.97 Td (award ) Tj ET Q
q 0 0 0 rg BT 476.06 700.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 493.28 700.97 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 508.17 700.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 514.89 700.97 Td ($500,000 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 690.47 Td (salary) Tj ET Q
q 0 0 0 rg BT 75.98 690.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 80.83 690.47 Td (Seventy ) Tj ET Q
q 0 0 0 rg BT 117.23 690.47 Td (percent ) Tj ET Q
q 0 0 0 rg BT 150.69 690.47 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.00 690.47 Td (Mr) Tj ET Q
q 0 0 0 rg BT 174.54 690.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 179.44 690.47 Td (Sullivan�) Tj ET Q
q 0 0 0 rg BT 217.65 690.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 224.02 690.47 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 265.07 690.47 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 325.95 690.47 Td (is ) Tj ET Q
q 0 0 0 rg BT 335.52 690.47 Td (in ) Tj ET Q
q 0 0 0 rg BT 346.26 690.47 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.65 690.47 Td (form ) Tj ET Q
q 0 0 0 rg BT 384.63 690.47 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.94 690.47 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 433.48 690.47 Td (cash ) Tj ET Q
q 0 0 0 rg BT 454.70 690.47 Td (units, ) Tj ET Q
q 0 0 0 rg BT 480.31 690.47 Td (compared ) Tj ET Q
q 0 0 0 rg BT 524.28 690.47 Td (to ) Tj ET Q
q 0 0 0 rg BT 535.01 690.47 Td (55% ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 679.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 65.95 679.97 Td (our ) Tj ET Q
q 0 0 0 rg BT 82.40 679.97 Td (other ) Tj ET Q
q 0 0 0 rg BT 106.43 679.97 Td (named ) Tj ET Q
q 0 0 0 rg BT 136.87 679.97 Td (executive ) Tj ET Q
q 0 0 0 rg BT 179.55 679.97 Td (of) Tj ET Q
q 0 0 0 rg BT 188.21 679.97 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 216.51 679.97 Td (emphasizing ) Tj ET Q
q 0 0 0 rg BT 272.03 679.97 Td (the ) Tj ET Q
q 0 0 0 rg BT 287.32 679.97 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 313.10 679.97 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 357.54 679.97 Td (Of) Tj ET Q
q 0 0 0 rg BT 368.52 679.97 Td (ficer) Tj ET Q
q 0 0 0 rg BT 387.85 679.97 Td (�) Tj ET Q
q 0 0 0 rg BT 391.25 679.97 Td (s ) Tj ET Q
q 0 0 0 rg BT 397.51 679.97 Td (greater ) Tj ET Q
q 0 0 0 rg BT 429.10 679.97 Td (accountability ) Tj ET Q
q 0 0 0 rg BT 491.04 679.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 505.73 679.97 Td (longer ) Tj ET Q
q 0 0 0 rg BT 535.01 679.97 Td (term ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 669.47 Td (results. ) Tj ET Q
q 0 0 0 rg BT 83.70 669.47 Td (Mr) Tj ET Q
q 0 0 0 rg BT 96.25 669.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 101.00 669.47 Td (Sullivan�) Tj ET Q
q 0 0 0 rg BT 139.21 669.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 145.42 669.47 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 170.57 669.47 Td (year ) Tj ET Q
q 0 0 0 rg BT 191.05 669.47 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 214.46 669.47 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 275.20 669.47 Td (\(salary ) Tj ET Q
q 0 0 0 rg BT 306.18 669.47 Td (plus ) Tj ET Q
q 0 0 0 rg BT 326.10 669.47 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 367.00 669.47 Td (award\) ) Tj ET Q
q 0 0 0 rg BT 398.56 669.47 Td (is ) Tj ET Q
q 0 0 0 rg BT 407.97 669.47 Td (down ) Tj ET Q
q 0 0 0 rg BT 433.72 669.47 Td (2% ) Tj ET Q
q 0 0 0 rg BT 450.13 669.47 Td (from ) Tj ET Q
q 0 0 0 rg BT 472.96 669.47 Td (his ) Tj ET Q
q 0 0 0 rg BT 487.62 669.47 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 512.78 669.47 Td (year ) Tj ET Q
q 0 0 0 rg BT 533.26 669.47 Td (2019 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 658.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 112.09 658.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 129.77 658.97 Td (88% ) Tj ET Q
q 0 0 0 rg BT 151.53 658.97 Td (of ) Tj ET Q
q 0 0 0 rg BT 162.79 658.97 Td (tar) Tj ET Q
q 0 0 0 rg BT 173.77 658.97 Td (get ) Tj ET Q
q 0 0 0 rg BT 189.03 658.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 203.79 658.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 229.04 658.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 249.63 658.97 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 275.68 658.97 Td (The ) Tj ET Q
q 0 0 0 rg BT 294.43 658.97 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 343.61 658.97 Td (determined ) Tj ET Q
q 0 0 0 rg BT 393.36 658.97 Td (that ) Tj ET Q
q 0 0 0 rg BT 411.62 658.97 Td (this ) Tj ET Q
q 0 0 0 rg BT 429.31 658.97 Td (result ) Tj ET Q
q 0 0 0 rg BT 455.16 658.97 Td (was ) Tj ET Q
q 0 0 0 rg BT 474.01 658.97 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 524.33 658.97 Td (in ) Tj ET Q
q 0 0 0 rg BT 535.02 658.97 Td (light ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 648.47 Td (of ) Tj ET Q
q 0 0 0 rg BT 62.45 648.47 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 86.47 648.47 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 118.26 648.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 124.51 648.47 Td (financial ) Tj ET Q
q 0 0 0 rg BT 163.69 648.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 219.19 648.47 Td (as ) Tj ET Q
q 0 0 0 rg BT 230.39 648.47 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 273.09 648.47 Td (above ) Tj ET Q
q 0 0 0 rg BT 300.61 648.47 Td (and ) Tj ET Q
q 0 0 0 rg BT 318.22 648.47 Td (Mr) Tj ET Q
q 0 0 0 rg BT 330.77 648.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 335.55 648.47 Td (Sullivan�) Tj ET Q
q 0 0 0 rg BT 373.76 648.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 380.01 648.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 435.51 648.47 Td (against ) Tj ET Q
q 0 0 0 rg BT 467.70 648.47 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.98 648.47 Td (goals ) Tj ET Q
q 0 0 0 rg BT 507.60 648.47 Td (established ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 638.02 Td (under ) Tj ET Q
q 0 0 0 rg BT 77.78 638.02 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.24 638.02 Td (non-financial ) Tj ET Q
q 0 0 0 rg BT 151.84 638.02 Td (performance ) Tj ET Q
q 0 0 0 rg BT 207.51 638.02 Td (metrics.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.25 620.54 Td (Peter) Tj ET Q
q 0 0 0 rg BT 75.05 620.54 Td ( H. Nachtwey�����) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 220.25 620.54 Td (Chief Financial Officer) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 605.97 Td (Mr) Tj ET Q
q 0 0 0 rg BT 63.79 605.97 Td (. ) Tj ET Q
q 0 0 0 rg BT 67.77 605.97 Td (Nachtwey�) Tj ET Q
q 0 0 0 rg BT 113.54 605.97 Td (s ) Tj ET Q
q 0 0 0 rg BT 118.97 605.97 Td (total ) Tj ET Q
q 0 0 0 rg BT 139.28 605.97 Td (direct ) Tj ET Q
q 0 0 0 rg BT 164.82 605.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 224.78 605.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 238.66 605.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 263.03 605.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 282.74 605.97 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 305.38 605.97 Td (included ) Tj ET Q
q 0 0 0 rg BT 343.17 605.97 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 354.72 605.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 361.02 605.97 Td ($3,125,000 ) Tj ET Q
q 0 0 0 rg BT 409.91 605.97 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 450.03 605.97 Td (award ) Tj ET Q
q 0 0 0 rg BT 477.32 605.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 494.12 605.97 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 508.59 605.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 514.88 605.97 Td ($350,000 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 595.47 Td (salary) Tj ET Q
q 0 0 0 rg BT 75.98 595.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 81.14 595.47 Td (Mr) Tj ET Q
q 0 0 0 rg BT 93.68 595.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 98.89 595.47 Td (Nachtwey�) Tj ET Q
q 0 0 0 rg BT 144.67 595.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 151.34 595.47 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 176.95 595.47 Td (year ) Tj ET Q
q 0 0 0 rg BT 197.90 595.47 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 221.77 595.47 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 282.97 595.47 Td (\(salary ) Tj ET Q
q 0 0 0 rg BT 314.41 595.47 Td (plus ) Tj ET Q
q 0 0 0 rg BT 334.79 595.47 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 376.15 595.47 Td (award\) ) Tj ET Q
q 0 0 0 rg BT 408.17 595.47 Td (is ) Tj ET Q
q 0 0 0 rg BT 418.05 595.47 Td (up ) Tj ET Q
q 0 0 0 rg BT 431.42 595.47 Td (3% ) Tj ET Q
q 0 0 0 rg BT 448.30 595.47 Td (from ) Tj ET Q
q 0 0 0 rg BT 471.58 595.47 Td (his ) Tj ET Q
q 0 0 0 rg BT 486.71 595.47 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 512.32 595.47 Td (year ) Tj ET Q
q 0 0 0 rg BT 533.27 595.47 Td (2019 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 584.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 112.74 584.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 131.07 584.97 Td (at ) Tj ET Q
q 0 0 0 rg BT 141.81 584.97 Td (tar) Tj ET Q
q 0 0 0 rg BT 152.79 584.97 Td (get ) Tj ET Q
q 0 0 0 rg BT 168.69 584.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 184.10 584.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 210.01 584.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 231.24 584.97 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 257.90 584.97 Td (The ) Tj ET Q
q 0 0 0 rg BT 277.30 584.97 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 327.13 584.97 Td (determined ) Tj ET Q
q 0 0 0 rg BT 377.52 584.97 Td (that ) Tj ET Q
q 0 0 0 rg BT 396.44 584.97 Td (this ) Tj ET Q
q 0 0 0 rg BT 414.78 584.97 Td (result ) Tj ET Q
q 0 0 0 rg BT 441.27 584.97 Td (was ) Tj ET Q
q 0 0 0 rg BT 460.77 584.97 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 511.75 584.97 Td (in ) Tj ET Q
q 0 0 0 rg BT 523.08 584.97 Td (light ) Tj ET Q
q 0 0 0 rg BT 545.50 584.97 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 574.47 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 74.20 574.47 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 105.99 574.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 111.17 574.47 Td (financial ) Tj ET Q
q 0 0 0 rg BT 149.28 574.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 203.70 574.47 Td (and ) Tj ET Q
q 0 0 0 rg BT 220.24 574.47 Td (Mr) Tj ET Q
q 0 0 0 rg BT 232.79 574.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 236.50 574.47 Td (Nachtwey�) Tj ET Q
q 0 0 0 rg BT 282.27 574.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 287.45 574.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 341.88 574.47 Td (against ) Tj ET Q
q 0 0 0 rg BT 373.00 574.47 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.20 574.47 Td (goals ) Tj ET Q
q 0 0 0 rg BT 410.74 574.47 Td (established ) Tj ET Q
q 0 0 0 rg BT 458.78 574.47 Td (under ) Tj ET Q
q 0 0 0 rg BT 484.06 574.47 Td (the ) Tj ET Q
q 0 0 0 rg BT 498.27 574.47 Td (non-financial ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 563.97 Td (performance ) Tj ET Q
q 0 0 0 rg BT 106.92 563.97 Td (metrics.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.25 545.54 Td (T) Tj ET Q
q 0 0 0 rg BT 57.77 545.54 Td (er) Tj ET Q
q 0 0 0 rg BT 66.52 545.54 Td (ence ) Tj ET Q
q 0 0 0 rg BT 88.58 545.54 Td (A. Johnson) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 220.25 545.54 Td (Head of Global Distribution) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 530.97 Td (Mr) Tj ET Q
q 0 0 0 rg BT 63.79 530.97 Td (. ) Tj ET Q
q 0 0 0 rg BT 68.22 530.97 Td (Johnson�) Tj ET Q
q 0 0 0 rg BT 105.85 530.97 Td (s ) Tj ET Q
q 0 0 0 rg BT 111.74 530.97 Td (total ) Tj ET Q
q 0 0 0 rg BT 132.49 530.97 Td (direct ) Tj ET Q
q 0 0 0 rg BT 158.48 530.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 218.89 530.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 233.23 530.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 258.06 530.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 278.22 530.97 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 301.31 530.97 Td (included ) Tj ET Q
q 0 0 0 rg BT 339.55 530.97 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 351.55 530.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 358.30 530.97 Td ($2,668,600 ) Tj ET Q
q 0 0 0 rg BT 407.64 530.97 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 448.22 530.97 Td (award ) Tj ET Q
q 0 0 0 rg BT 475.96 530.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 493.21 530.97 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 508.13 530.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 514.88 530.97 Td ($350,000 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 520.47 Td (salary) Tj ET Q
q 0 0 0 rg BT 75.98 520.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 80.42 520.47 Td (Mr) Tj ET Q
q 0 0 0 rg BT 92.96 520.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 97.45 520.47 Td (Johnson ) Tj ET Q
q 0 0 0 rg BT 134.02 520.47 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 158.91 520.47 Td (year ) Tj ET Q
q 0 0 0 rg BT 179.13 520.47 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 202.29 520.47 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 262.76 520.47 Td (\(salary ) Tj ET Q
q 0 0 0 rg BT 293.48 520.47 Td (plus ) Tj ET Q
q 0 0 0 rg BT 313.13 520.47 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 353.77 520.47 Td (award\) ) Tj ET Q
q 0 0 0 rg BT 385.07 520.47 Td (represents ) Tj ET Q
q 0 0 0 rg BT 429.79 520.47 Td (a ) Tj ET Q
q 0 0 0 rg BT 436.60 520.47 Td (14% ) Tj ET Q
q 0 0 0 rg BT 458.00 520.47 Td (increase ) Tj ET Q
q 0 0 0 rg BT 494.54 520.47 Td (from ) Tj ET Q
q 0 0 0 rg BT 517.10 520.47 Td (his ) Tj ET Q
q 0 0 0 rg BT 531.51 520.47 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 509.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 73.47 509.97 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 98.61 509.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 161.08 509.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 180.39 509.97 Td (85% ) Tj ET Q
q 0 0 0 rg BT 203.78 509.97 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.68 509.97 Td (tar) Tj ET Q
q 0 0 0 rg BT 227.66 509.97 Td (get ) Tj ET Q
q 0 0 0 rg BT 244.54 509.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 260.93 509.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 287.82 509.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 310.03 509.97 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 337.60 509.97 Td (The ) Tj ET Q
q 0 0 0 rg BT 357.98 509.97 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 408.79 509.97 Td (determined ) Tj ET Q
q 0 0 0 rg BT 460.16 509.97 Td (that ) Tj ET Q
q 0 0 0 rg BT 480.06 509.97 Td (this ) Tj ET Q
q 0 0 0 rg BT 499.38 509.97 Td (increase ) Tj ET Q
q 0 0 0 rg BT 537.92 509.97 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 499.47 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 101.47 499.47 Td (in ) Tj ET Q
q 0 0 0 rg BT 112.05 499.47 Td (light ) Tj ET Q
q 0 0 0 rg BT 133.72 499.47 Td (of ) Tj ET Q
q 0 0 0 rg BT 144.88 499.47 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 168.86 499.47 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 200.65 499.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 206.86 499.47 Td (financial ) Tj ET Q
q 0 0 0 rg BT 246.00 499.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 301.47 499.47 Td (and ) Tj ET Q
q 0 0 0 rg BT 319.04 499.47 Td (Mr) Tj ET Q
q 0 0 0 rg BT 331.58 499.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 336.33 499.47 Td (Johnson�) Tj ET Q
q 0 0 0 rg BT 373.96 499.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 380.17 499.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 435.63 499.47 Td (against ) Tj ET Q
q 0 0 0 rg BT 467.79 499.47 Td (the ) Tj ET Q
q 0 0 0 rg BT 483.03 499.47 Td (goals ) Tj ET Q
q 0 0 0 rg BT 507.60 499.47 Td (established ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 488.97 Td (under ) Tj ET Q
q 0 0 0 rg BT 77.78 488.97 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.24 488.97 Td (non-financial ) Tj ET Q
q 0 0 0 rg BT 151.84 488.97 Td (performance ) Tj ET Q
q 0 0 0 rg BT 207.51 488.97 Td (metrics.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.25 470.54 Td (Thomas C. Mer) Tj ET Q
q 0 0 0 rg BT 122.02 470.54 Td (chant�����) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 220.25 470.54 Td (General Counsel) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 455.97 Td (Mr) Tj ET Q
q 0 0 0 rg BT 63.79 455.97 Td (. ) Tj ET Q
q 0 0 0 rg BT 67.90 455.97 Td (Merchant�) Tj ET Q
q 0 0 0 rg BT 111.34 455.97 Td (s ) Tj ET Q
q 0 0 0 rg BT 116.90 455.97 Td (total ) Tj ET Q
q 0 0 0 rg BT 137.33 455.97 Td (direct ) Tj ET Q
q 0 0 0 rg BT 163.00 455.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 223.09 455.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 237.10 455.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 261.61 455.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 281.44 455.97 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 304.21 455.97 Td (included ) Tj ET Q
q 0 0 0 rg BT 342.13 455.97 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 353.81 455.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 360.24 455.97 Td ($1,800,000 ) Tj ET Q
q 0 0 0 rg BT 409.26 455.97 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 449.51 455.97 Td (award ) Tj ET Q
q 0 0 0 rg BT 476.93 455.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 493.86 455.97 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 508.45 455.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 514.88 455.97 Td ($350,000 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 445.47 Td (salary) Tj ET Q
q 0 0 0 rg BT 75.98 445.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 81.50 445.47 Td (Mr) Tj ET Q
q 0 0 0 rg BT 94.04 445.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 99.61 445.47 Td (Merchant�) Tj ET Q
q 0 0 0 rg BT 143.05 445.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 150.09 445.47 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 176.06 445.47 Td (year ) Tj ET Q
q 0 0 0 rg BT 197.36 445.47 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 221.60 445.47 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 283.16 445.47 Td (\(salary ) Tj ET Q
q 0 0 0 rg BT 314.96 445.47 Td (plus ) Tj ET Q
q 0 0 0 rg BT 335.70 445.47 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 377.42 445.47 Td (award\) ) Tj ET Q
q 0 0 0 rg BT 409.80 445.47 Td (represents ) Tj ET Q
q 0 0 0 rg BT 455.60 445.47 Td (a ) Tj ET Q
q 0 0 0 rg BT 463.50 445.47 Td (4% ) Tj ET Q
q 0 0 0 rg BT 480.73 445.47 Td (increase ) Tj ET Q
q 0 0 0 rg BT 518.36 445.47 Td (from ) Tj ET Q
q 0 0 0 rg BT 542.00 445.47 Td (his ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 434.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 77.39 434.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 98.85 434.97 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 123.25 434.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 184.96 434.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 203.52 434.97 Td (is ) Tj ET Q
q 0 0 0 rg BT 213.92 434.97 Td (at ) Tj ET Q
q 0 0 0 rg BT 224.90 434.97 Td (tar) Tj ET Q
q 0 0 0 rg BT 235.88 434.97 Td (get ) Tj ET Q
q 0 0 0 rg BT 252.01 434.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 267.65 434.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 293.78 434.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 315.25 434.97 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 342.12 434.97 Td (The ) Tj ET Q
q 0 0 0 rg BT 361.74 434.97 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 411.80 434.97 Td (determined ) Tj ET Q
q 0 0 0 rg BT 462.43 434.97 Td (that ) Tj ET Q
q 0 0 0 rg BT 481.57 434.97 Td (this ) Tj ET Q
q 0 0 0 rg BT 500.14 434.97 Td (increase ) Tj ET Q
q 0 0 0 rg BT 537.93 434.97 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 424.47 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 101.08 424.47 Td (in ) Tj ET Q
q 0 0 0 rg BT 111.28 424.47 Td (light ) Tj ET Q
q 0 0 0 rg BT 132.55 424.47 Td (of ) Tj ET Q
q 0 0 0 rg BT 143.32 424.47 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 166.92 424.47 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 198.71 424.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 204.53 424.47 Td (financial ) Tj ET Q
q 0 0 0 rg BT 243.29 424.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 298.36 424.47 Td (and ) Tj ET Q
q 0 0 0 rg BT 315.55 424.47 Td (Mr) Tj ET Q
q 0 0 0 rg BT 328.09 424.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 332.45 424.47 Td (Merchant�) Tj ET Q
q 0 0 0 rg BT 375.89 424.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 381.71 424.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 436.78 424.47 Td (against ) Tj ET Q
q 0 0 0 rg BT 468.55 424.47 Td (the ) Tj ET Q
q 0 0 0 rg BT 483.40 424.47 Td (goals ) Tj ET Q
q 0 0 0 rg BT 507.59 424.47 Td (established ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 413.97 Td (under ) Tj ET Q
q 0 0 0 rg BT 77.78 413.97 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.24 413.97 Td (non-financial ) Tj ET Q
q 0 0 0 rg BT 151.84 413.97 Td (performance ) Tj ET Q
q 0 0 0 rg BT 207.51 413.97 Td (metrics.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.25 395.54 Td (Patricia Lattin���) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 220.25 395.54 Td (Chief Human Resour) Tj ET Q
q 0 0 0 rg BT 315.73 395.54 Td (ces Officer) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 380.97 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 70.28 380.97 Td (Lattin�) Tj ET Q
q 0 0 0 rg BT 98.27 380.97 Td (s ) Tj ET Q
q 0 0 0 rg BT 105.34 380.97 Td (total ) Tj ET Q
q 0 0 0 rg BT 126.99 380.97 Td (direct ) Tj ET Q
q 0 0 0 rg BT 153.87 380.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 215.18 380.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 230.40 380.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 256.13 380.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 277.18 380.97 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 301.16 380.97 Td (included ) Tj ET Q
q 0 0 0 rg BT 340.30 380.97 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 353.19 380.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 360.83 380.97 Td ($925,000 ) Tj ET Q
q 0 0 0 rg BT 403.19 380.97 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 444.66 380.97 Td (award ) Tj ET Q
q 0 0 0 rg BT 473.29 380.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 491.43 380.97 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 507.24 380.97 Td (a ) Tj ET Q
q 0 0 0 rg BT 514.89 380.97 Td ($350,000 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 370.47 Td (salary) Tj ET Q
q 0 0 0 rg BT 75.64 370.47 Td (. ) Tj ET Q
q 0 0 0 rg BT 80.73 370.47 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 99.24 370.47 Td (Lattin�) Tj ET Q
q 0 0 0 rg BT 127.23 370.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 133.78 370.47 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 158.98 370.47 Td (year ) Tj ET Q
q 0 0 0 rg BT 179.51 370.47 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 202.98 370.47 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 263.76 370.47 Td (\(salary ) Tj ET Q
q 0 0 0 rg BT 294.79 370.47 Td (plus ) Tj ET Q
q 0 0 0 rg BT 314.76 370.47 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 355.70 370.47 Td (award\) ) Tj ET Q
q 0 0 0 rg BT 387.31 370.47 Td (represents ) Tj ET Q
q 0 0 0 rg BT 432.34 370.47 Td (a ) Tj ET Q
q 0 0 0 rg BT 439.46 370.47 Td (6% ) Tj ET Q
q 0 0 0 rg BT 455.92 370.47 Td (increase ) Tj ET Q
q 0 0 0 rg BT 492.78 370.47 Td (from ) Tj ET Q
q 0 0 0 rg BT 515.65 370.47 Td (her ) Tj ET Q
q 0 0 0 rg BT 531.52 370.47 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 359.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 71.32 359.97 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 94.31 359.97 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 154.63 359.97 Td (and ) Tj ET Q
q 0 0 0 rg BT 171.79 359.97 Td (is ) Tj ET Q
q 0 0 0 rg BT 180.79 359.97 Td (at ) Tj ET Q
q 0 0 0 rg BT 190.37 359.97 Td (tar) Tj ET Q
q 0 0 0 rg BT 201.25 359.97 Td (get ) Tj ET Q
q 0 0 0 rg BT 216.08 359.97 Td (for ) Tj ET Q
q 0 0 0 rg BT 230.32 359.97 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 255.06 359.97 Td (year ) Tj ET Q
q 0 0 0 rg BT 275.13 359.97 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 300.60 359.97 Td (The ) Tj ET Q
q 0 0 0 rg BT 318.93 359.97 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 367.59 359.97 Td (determined ) Tj ET Q
q 0 0 0 rg BT 416.82 359.97 Td (that ) Tj ET Q
q 0 0 0 rg BT 434.56 359.97 Td (this ) Tj ET Q
q 0 0 0 rg BT 451.73 359.97 Td (increase ) Tj ET Q
q 0 0 0 rg BT 488.12 359.97 Td (was ) Tj ET Q
q 0 0 0 rg BT 506.45 359.97 Td (appropriate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 349.47 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.55 349.47 Td (light ) Tj ET Q
q 0 0 0 rg BT 82.93 349.47 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.80 349.47 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 117.51 349.47 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 149.01 349.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 155.22 349.47 Td (financial ) Tj ET Q
q 0 0 0 rg BT 194.08 349.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 249.26 349.47 Td (and ) Tj ET Q
q 0 0 0 rg BT 266.55 349.47 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 284.73 349.47 Td (Lattin�) Tj ET Q
q 0 0 0 rg BT 312.72 349.47 Td (s ) Tj ET Q
q 0 0 0 rg BT 318.94 349.47 Td (performance ) Tj ET Q
q 0 0 0 rg BT 374.12 349.47 Td (against ) Tj ET Q
q 0 0 0 rg BT 405.99 349.47 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.95 349.47 Td (goals ) Tj ET Q
q 0 0 0 rg BT 445.24 349.47 Td (established ) Tj ET Q
q 0 0 0 rg BT 494.02 349.47 Td (under ) Tj ET Q
q 0 0 0 rg BT 520.06 349.47 Td (the ) Tj ET Q
q 0 0 0 rg BT 535.02 349.47 Td (non-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 338.97 Td (financial ) Tj ET Q
q 0 0 0 rg BT 90.61 338.97 Td (performance ) Tj ET Q
q 0 0 0 rg BT 146.28 338.97 Td (metrics.) Tj ET Q
BT /F1 10.00 Tf ET
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 311.65 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 116.89 311.65 Td (Governance, ) Tj ET Q
q 0 0 0 rg BT 176.38 311.65 Td (Pr) Tj ET Q
q 0 0 0 rg BT 187.26 311.65 Td (ocess ) Tj ET Q
q 0 0 0 rg BT 212.63 311.65 Td (and ) Tj ET Q
q 0 0 0 rg BT 232.18 311.65 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 276.22 311.65 Td (Decisions) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 286.45 Td (Role ) Tj ET Q
q 0 0 0 rg BT 72.54 286.45 Td (of ) Tj ET Q
q 0 0 0 rg BT 83.91 286.45 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 151.29 286.45 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 203.48 286.45 Td (and ) Tj ET Q
q 0 0 0 rg BT 223.03 286.45 Td (Non-Employee ) Tj ET Q
q 0 0 0 rg BT 292.15 286.45 Td (Dir) Tj ET Q
q 0 0 0 rg BT 307.13 286.45 Td (ectors) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 273.85 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.16 273.85 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 117.16 273.85 Td (is ) Tj ET Q
q 0 0 0 rg BT 126.50 273.85 Td (responsible ) Tj ET Q
q 0 0 0 rg BT 176.66 273.85 Td (for ) Tj ET Q
q 0 0 0 rg BT 191.24 273.85 Td (overseeing ) Tj ET Q
q 0 0 0 rg BT 239.06 273.85 Td (and ) Tj ET Q
q 0 0 0 rg BT 256.56 273.85 Td (implementing ) Tj ET Q
q 0 0 0 rg BT 317.22 273.85 Td (our ) Tj ET Q
q 0 0 0 rg BT 333.55 273.85 Td (named ) Tj ET Q
q 0 0 0 rg BT 363.88 273.85 Td (executive ) Tj ET Q
q 0 0 0 rg BT 406.44 273.85 Td (of) Tj ET Q
q 0 0 0 rg BT 415.00 273.85 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 436.57 273.85 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 497.23 273.85 Td (programs. ) Tj ET Q
q 0 0 0 rg BT 541.68 273.85 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 261.25 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 99.08 261.25 Td (s ) Tj ET Q
q 0 0 0 rg BT 105.79 261.25 Td (role ) Tj ET Q
q 0 0 0 rg BT 124.74 261.25 Td (includes:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 236.05 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 236.05 Td (Determining ) Tj ET Q
q 0 0 0 rg BT 117.96 236.05 Td (the ) Tj ET Q
q 0 0 0 rg BT 136.17 236.05 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 181.20 236.05 Td (goals ) Tj ET Q
q 0 0 0 rg BT 208.75 236.05 Td (and ) Tj ET Q
q 0 0 0 rg BT 229.30 236.05 Td (objectives ) Tj ET Q
q 0 0 0 rg BT 277.26 236.05 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 316.46 236.05 Td (to ) Tj ET Q
q 0 0 0 rg BT 330.01 236.05 Td (the ) Tj ET Q
q 0 0 0 rg BT 348.23 236.05 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 411.93 236.05 Td (of ) Tj ET Q
q 0 0 0 rg BT 426.07 236.05 Td (our ) Tj ET Q
q 0 0 0 rg BT 445.45 236.05 Td (CEO, ) Tj ET Q
q 0 0 0 rg BT 474.46 236.05 Td (including ) Tj ET Q
q 0 0 0 rg BT 519.51 236.05 Td (incentive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 223.45 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 123.07 223.45 Td (and ) Tj ET Q
q 0 0 0 rg BT 140.86 223.45 Td (evaluating ) Tj ET Q
q 0 0 0 rg BT 187.22 223.45 Td (the ) Tj ET Q
q 0 0 0 rg BT 202.67 223.45 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 226.59 223.45 Td (s ) Tj ET Q
q 0 0 0 rg BT 233.30 223.45 Td (performance ) Tj ET Q
q 0 0 0 rg BT 288.97 223.45 Td (relative ) Tj ET Q
q 0 0 0 rg BT 323.08 223.45 Td (to ) Tj ET Q
q 0 0 0 rg BT 333.87 223.45 Td (those ) Tj ET Q
q 0 0 0 rg BT 358.66 223.45 Td (goals,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 210.85 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 210.85 Td (Determining ) Tj ET Q
q 0 0 0 rg BT 115.20 210.85 Td (the ) Tj ET Q
q 0 0 0 rg BT 130.65 210.85 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 191.59 210.85 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.97 210.85 Td (our ) Tj ET Q
q 0 0 0 rg BT 219.59 210.85 Td (CEO, ) Tj ET Q
q 0 0 0 rg BT 245.84 210.85 Td (including ) Tj ET Q
q 0 0 0 rg BT 288.13 210.85 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 329.24 210.85 Td (compensation,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 198.25 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 198.25 Td (Establishing ) Tj ET Q
q 0 0 0 rg BT 113.52 198.25 Td (and ) Tj ET Q
q 0 0 0 rg BT 130.79 198.25 Td (approving ) Tj ET Q
q 0 0 0 rg BT 175.47 198.25 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 235.89 198.25 Td (plans ) Tj ET Q
q 0 0 0 rg BT 260.16 198.25 Td (for ) Tj ET Q
q 0 0 0 rg BT 274.51 198.25 Td (named ) Tj ET Q
q 0 0 0 rg BT 304.60 198.25 Td (executive ) Tj ET Q
q 0 0 0 rg BT 346.93 198.25 Td (of) Tj ET Q
q 0 0 0 rg BT 355.49 198.25 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 380.91 198.25 Td (based ) Tj ET Q
q 0 0 0 rg BT 406.93 198.25 Td (on ) Tj ET Q
q 0 0 0 rg BT 419.53 198.25 Td (the ) Tj ET Q
q 0 0 0 rg BT 434.46 198.25 Td (recommendations ) Tj ET Q
q 0 0 0 rg BT 511.21 198.25 Td (of ) Tj ET Q
q 0 0 0 rg BT 522.06 198.25 Td (the ) Tj ET Q
q 0 0 0 rg BT 537.00 198.25 Td (CEO ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 185.65 Td (and ) Tj ET Q
q 0 0 0 rg BT 77.29 185.65 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.74 185.65 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 142.32 185.65 Td (s ) Tj ET Q
q 0 0 0 rg BT 149.03 185.65 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 209.98 185.65 Td (consultant,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 173.05 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 173.05 Td (Annually ) Tj ET Q
q 0 0 0 rg BT 101.20 173.05 Td (reviewing ) Tj ET Q
q 0 0 0 rg BT 145.81 173.05 Td (and, ) Tj ET Q
q 0 0 0 rg BT 166.22 173.05 Td (where ) Tj ET Q
q 0 0 0 rg BT 194.50 173.05 Td (appropriate, ) Tj ET Q
q 0 0 0 rg BT 247.56 173.05 Td (adjusting ) Tj ET Q
q 0 0 0 rg BT 288.69 173.05 Td (the ) Tj ET Q
q 0 0 0 rg BT 304.14 173.05 Td (base ) Tj ET Q
q 0 0 0 rg BT 325.42 173.05 Td (salaries ) Tj ET Q
q 0 0 0 rg BT 359.53 173.05 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.90 173.05 Td (our ) Tj ET Q
q 0 0 0 rg BT 387.53 173.05 Td (named ) Tj ET Q
q 0 0 0 rg BT 418.14 173.05 Td (executive ) Tj ET Q
q 0 0 0 rg BT 460.99 173.05 Td (of) Tj ET Q
q 0 0 0 rg BT 469.55 173.05 Td (ficers,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 160.45 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 160.45 Td (Approving ) Tj ET Q
q 0 0 0 rg BT 107.24 160.45 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.31 160.45 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 163.04 160.45 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 223.60 160.45 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.59 160.45 Td (named ) Tj ET Q
q 0 0 0 rg BT 264.82 160.45 Td (executive ) Tj ET Q
q 0 0 0 rg BT 307.29 160.45 Td (of) Tj ET Q
q 0 0 0 rg BT 315.85 160.45 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 341.41 160.45 Td (and ) Tj ET Q
q 0 0 0 rg BT 358.82 160.45 Td (awards ) Tj ET Q
q 0 0 0 rg BT 390.80 160.45 Td (under ) Tj ET Q
q 0 0 0 rg BT 416.95 160.45 Td (our ) Tj ET Q
q 0 0 0 rg BT 433.19 160.45 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 473.92 160.45 Td (plans ) Tj ET Q
q 0 0 0 rg BT 498.32 160.45 Td (and ) Tj ET Q
q 0 0 0 rg BT 515.73 160.45 Td (programs, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 147.85 Td (and) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 135.25 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 135.25 Td (Overseeing ) Tj ET Q
q 0 0 0 rg BT 109.94 135.25 Td (the ) Tj ET Q
q 0 0 0 rg BT 125.39 135.25 Td (risks ) Tj ET Q
q 0 0 0 rg BT 147.85 135.25 Td (arising ) Tj ET Q
q 0 0 0 rg BT 179.06 135.25 Td (from ) Tj ET Q
q 0 0 0 rg BT 202.09 135.25 Td (our ) Tj ET Q
q 0 0 0 rg BT 218.72 135.25 Td (executive ) Tj ET Q
q 0 0 0 rg BT 261.57 135.25 Td (of) Tj ET Q
q 0 0 0 rg BT 270.13 135.25 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 291.98 135.25 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 352.93 135.25 Td (policies ) Tj ET Q
q 0 0 0 rg BT 388.21 135.25 Td (and ) Tj ET Q
q 0 0 0 rg BT 406.00 135.25 Td (practices.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 110.05 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.45 110.05 Td (independent ) Tj ET Q
q 0 0 0 rg BT 122.40 110.05 Td (directors ) Tj ET Q
q 0 0 0 rg BT 161.76 110.05 Td (must ) Tj ET Q
q 0 0 0 rg BT 184.80 110.05 Td (approve ) Tj ET Q
q 0 0 0 rg BT 221.25 110.05 Td (the ) Tj ET Q
q 0 0 0 rg BT 236.70 110.05 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 286.28 110.05 Td (s ) Tj ET Q
q 0 0 0 rg BT 292.99 110.05 Td (determinations ) Tj ET Q
q 0 0 0 rg BT 358.02 110.05 Td (in ) Tj ET Q
q 0 0 0 rg BT 368.81 110.05 Td (order ) Tj ET Q
q 0 0 0 rg BT 393.59 110.05 Td (to ) Tj ET Q
q 0 0 0 rg BT 404.38 110.05 Td (set ) Tj ET Q
q 0 0 0 rg BT 418.67 110.05 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 442.30 110.05 Td (compensation.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 84.85 Td (In ) Tj ET Q
q 0 0 0 rg BT 61.45 84.85 Td (implementing ) Tj ET Q
q 0 0 0 rg BT 122.98 84.85 Td (its ) Tj ET Q
q 0 0 0 rg BT 136.10 84.85 Td (role ) Tj ET Q
q 0 0 0 rg BT 155.63 84.85 Td (in ) Tj ET Q
q 0 0 0 rg BT 166.99 84.85 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.02 84.85 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 244.55 84.85 Td (program, ) Tj ET Q
q 0 0 0 rg BT 285.94 84.85 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.97 84.85 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 351.84 84.85 Td (uses ) Tj ET Q
q 0 0 0 rg BT 373.12 84.85 Td (information ) Tj ET Q
q 0 0 0 rg BT 425.90 84.85 Td (from ) Tj ET Q
q 0 0 0 rg BT 449.51 84.85 Td (a ) Tj ET Q
q 0 0 0 rg BT 457.37 84.85 Td (number ) Tj ET Q
q 0 0 0 rg BT 492.65 84.85 Td (of ) Tj ET Q
q 0 0 0 rg BT 504.60 84.85 Td (sources. ) Tj ET Q
q 0 0 0 rg BT 541.68 84.85 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 72.25 Td (information ) Tj ET Q
q 0 0 0 rg BT 101.34 72.25 Td (utilized ) Tj ET Q
q 0 0 0 rg BT 135.10 72.25 Td (by ) Tj ET Q
q 0 0 0 rg BT 147.87 72.25 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.96 72.25 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 211.89 72.25 Td (includes ) Tj ET Q
q 0 0 0 rg BT 249.15 72.25 Td (advice ) Tj ET Q
q 0 0 0 rg BT 278.82 72.25 Td (from ) Tj ET Q
q 0 0 0 rg BT 301.50 72.25 Td (its ) Tj ET Q
q 0 0 0 rg BT 313.69 72.25 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 374.28 72.25 Td (consultant, ) Tj ET Q
q 0 0 0 rg BT 422.33 72.25 Td (data ) Tj ET Q
q 0 0 0 rg BT 442.08 72.25 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 484.58 72.25 Td (the ) Tj ET Q
q 0 0 0 rg BT 499.68 72.25 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 59.65 Td (practices ) Tj ET Q
q 0 0 0 rg BT 88.22 59.65 Td (of ) Tj ET Q
q 0 0 0 rg BT 98.37 59.65 Td (asset ) Tj ET Q
q 0 0 0 rg BT 120.18 59.65 Td (management ) Tj ET Q
q 0 0 0 rg BT 175.23 59.65 Td (competitors ) Tj ET Q
q 0 0 0 rg BT 226.21 59.65 Td (that ) Tj ET Q
q 0 0 0 rg BT 243.36 59.65 Td (is ) Tj ET Q
q 0 0 0 rg BT 251.77 59.65 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 293.42 59.65 Td (in ) Tj ET Q
q 0 0 0 rg BT 303.00 59.65 Td (more ) Tj ET Q
q 0 0 0 rg BT 325.98 59.65 Td (detail ) Tj ET Q
q 0 0 0 rg BT 350.70 59.65 Td (above ) Tj ET Q
q 0 0 0 rg BT 377.18 59.65 Td (and ) Tj ET Q
q 0 0 0 rg BT 393.75 59.65 Td (tally ) Tj ET Q
q 0 0 0 rg BT 413.81 59.65 Td (sheets ) Tj ET Q
q 0 0 0 rg BT 440.88 59.65 Td (showing ) Tj ET Q
q 0 0 0 rg BT 477.87 59.65 Td (prior ) Tj ET Q
q 0 0 0 rg BT 499.69 59.65 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 47.05 Td (awards ) Tj ET Q
q 0 0 0 rg BT 81.86 47.05 Td (to, ) Tj ET Q
q 0 0 0 rg BT 95.28 47.05 Td (and ) Tj ET Q
q 0 0 0 rg BT 113.07 47.05 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 164.69 47.05 Td (equity ) Tj ET Q
q 0 0 0 rg BT 193.56 47.05 Td (holdings ) Tj ET Q
q 0 0 0 rg BT 232.36 47.05 Td (of, ) Tj ET Q
q 0 0 0 rg BT 246.35 47.05 Td (named ) Tj ET Q
q 0 0 0 rg BT 276.97 47.05 Td (executive ) Tj ET Q
q 0 0 0 rg BT 319.82 47.05 Td (of) Tj ET Q
q 0 0 0 rg BT 328.38 47.05 Td (ficers.) Tj ET Q
endstream
endobj
335 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 336 0 R>>
endobj
336 0 obj
<</Length 39015>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (165) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (Role ) Tj ET Q
q 0 0 0 rg BT 72.54 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 83.91 729.30 Td (Management) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (Our ) Tj ET Q
q 0 0 0 rg BT 69.05 716.70 Td (management, ) Tj ET Q
q 0 0 0 rg BT 128.54 716.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 155.67 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.72 716.70 Td (leadership ) Tj ET Q
q 0 0 0 rg BT 218.10 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.06 716.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 247.28 716.70 Td (CEO, ) Tj ET Q
q 0 0 0 rg BT 274.13 716.70 Td (plays ) Tj ET Q
q 0 0 0 rg BT 299.52 716.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 312.65 716.70 Td (important ) Tj ET Q
q 0 0 0 rg BT 356.70 716.70 Td (role ) Tj ET Q
q 0 0 0 rg BT 376.25 716.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 387.64 716.70 Td (establishing ) Tj ET Q
q 0 0 0 rg BT 441.02 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 459.41 716.70 Td (maintaining ) Tj ET Q
q 0 0 0 rg BT 512.79 716.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 530.00 716.70 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 95.21 704.10 Td (of) Tj ET Q
q 0 0 0 rg BT 103.77 704.10 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 128.48 704.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 192.28 704.10 Td (programs. ) Tj ET Q
q 0 0 0 rg BT 240.05 704.10 Td (Management�) Tj ET Q
q 0 0 0 rg BT 297.78 704.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 307.35 704.10 Td (role ) Tj ET Q
q 0 0 0 rg BT 329.15 704.10 Td (includes ) Tj ET Q
q 0 0 0 rg BT 369.63 704.10 Td (recommending ) Tj ET Q
q 0 0 0 rg BT 438.09 704.10 Td (plans ) Tj ET Q
q 0 0 0 rg BT 465.74 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 486.38 704.10 Td (programs ) Tj ET Q
q 0 0 0 rg BT 531.52 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 545.17 704.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 101.94 691.50 Td (implementing ) Tj ET Q
q 0 0 0 rg BT 163.43 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.41 691.50 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 228.99 691.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 236.23 691.50 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 278.47 691.50 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 321.86 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 337.84 691.50 Td (plans ) Tj ET Q
q 0 0 0 rg BT 363.17 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 381.48 691.50 Td (programs ) Tj ET Q
q 0 0 0 rg BT 424.30 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 442.61 691.50 Td (assisting ) Tj ET Q
q 0 0 0 rg BT 481.94 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 500.26 691.50 Td (administering ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (plans ) Tj ET Q
q 0 0 0 rg BT 74.21 678.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 84.91 678.90 Td (support ) Tj ET Q
q 0 0 0 rg BT 118.95 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.24 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.61 678.90 Td (Committee. ) Tj ET Q
q 0 0 0 rg BT 197.44 678.90 Td (Our ) Tj ET Q
q 0 0 0 rg BT 216.31 678.90 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 239.85 678.90 Td (also ) Tj ET Q
q 0 0 0 rg BT 259.30 678.90 Td (provides ) Tj ET Q
q 0 0 0 rg BT 298.01 678.90 Td (information ) Tj ET Q
q 0 0 0 rg BT 350.12 678.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 363.16 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 378.53 678.90 Td (individual ) Tj ET Q
q 0 0 0 rg BT 423.65 678.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 479.24 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 490.53 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 505.90 678.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 530.01 678.90 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 93.63 666.30 Td (of) Tj ET Q
q 0 0 0 rg BT 102.19 666.30 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 129.40 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 148.46 666.30 Td (makes ) Tj ET Q
q 0 0 0 rg BT 179.19 666.30 Td (annual ) Tj ET Q
q 0 0 0 rg BT 211.08 666.30 Td (recommendations ) Tj ET Q
q 0 0 0 rg BT 289.63 666.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 301.69 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.42 666.30 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 368.98 666.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 383.38 666.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 445.61 666.30 Td (levels ) Tj ET Q
q 0 0 0 rg BT 474.00 666.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 490.14 666.30 Td (all ) Tj ET Q
q 0 0 0 rg BT 504.54 666.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 530.01 666.30 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 91.70 653.70 Td (of) Tj ET Q
q 0 0 0 rg BT 100.26 653.70 Td (ficers. ) Tj ET Q
q 0 0 0 rg BT 128.17 653.70 Td (Our ) Tj ET Q
q 0 0 0 rg BT 146.47 653.70 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 169.44 653.70 Td (also ) Tj ET Q
q 0 0 0 rg BT 188.33 653.70 Td (has ) Tj ET Q
q 0 0 0 rg BT 204.30 653.70 Td (delegated ) Tj ET Q
q 0 0 0 rg BT 246.50 653.70 Td (authority ) Tj ET Q
q 0 0 0 rg BT 286.38 653.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 308.76 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 323.56 653.70 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 372.19 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 382.33 653.70 Td (issue ) Tj ET Q
q 0 0 0 rg BT 405.30 653.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 435.84 653.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 464.05 653.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 495.76 653.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 521.64 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 536.44 653.70 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 83.84 641.10 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 103.01 641.10 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 127.15 641.10 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 158.28 641.10 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 200.48 641.10 Td (Plan, ) Tj ET Q
q 0 0 0 rg BT 224.91 641.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 236.79 641.10 Td (amended, ) Tj ET Q
q 0 0 0 rg BT 280.45 641.10 Td (subject ) Tj ET Q
q 0 0 0 rg BT 313.33 641.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 324.63 641.10 Td (terms ) Tj ET Q
q 0 0 0 rg BT 351.09 641.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 369.39 641.10 Td (limitations ) Tj ET Q
q 0 0 0 rg BT 417.44 641.10 Td (established ) Tj ET Q
q 0 0 0 rg BT 467.24 641.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 480.87 641.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.84 641.10 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 549.26 641.10 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.50 Td (permitted ) Tj ET Q
q 0 0 0 rg BT 92.36 628.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 118.90 628.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 137.27 628.50 Td (plan.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (Role ) Tj ET Q
q 0 0 0 rg BT 72.54 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 83.91 603.30 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 136.57 603.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 143.28 603.30 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 210.67 603.30 Td (Consultant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.19 590.70 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 117.77 590.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 124.22 590.70 Td (charter ) Tj ET Q
q 0 0 0 rg BT 155.73 590.70 Td (gives ) Tj ET Q
q 0 0 0 rg BT 180.26 590.70 Td (it ) Tj ET Q
q 0 0 0 rg BT 188.46 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.66 590.70 Td (authority ) Tj ET Q
q 0 0 0 rg BT 243.93 590.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 254.47 590.70 Td (retain ) Tj ET Q
q 0 0 0 rg BT 280.74 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 298.26 590.70 Td (approve ) Tj ET Q
q 0 0 0 rg BT 334.45 590.70 Td (fees ) Tj ET Q
q 0 0 0 rg BT 353.72 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 371.25 590.70 Td (other ) Tj ET Q
q 0 0 0 rg BT 395.19 590.70 Td (terms ) Tj ET Q
q 0 0 0 rg BT 420.88 590.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 431.99 590.70 Td (engagement ) Tj ET Q
q 0 0 0 rg BT 485.09 590.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 499.70 590.70 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (consultants ) Tj ET Q
q 0 0 0 rg BT 99.95 578.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 118.32 578.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 143.10 578.10 Td (advisors ) Tj ET Q
q 0 0 0 rg BT 181.30 578.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 192.67 578.10 Td (assist ) Tj ET Q
q 0 0 0 rg BT 218.63 578.10 Td (it ) Tj ET Q
q 0 0 0 rg BT 227.67 578.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 239.04 578.10 Td (performing ) Tj ET Q
q 0 0 0 rg BT 289.48 578.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 302.61 578.10 Td (duties. ) Tj ET Q
q 0 0 0 rg BT 333.52 578.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 351.31 578.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 377.25 578.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 398.53 578.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 425.36 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.39 578.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 491.25 578.10 Td (retained ) Tj ET Q
q 0 0 0 rg BT 528.27 578.10 Td (Semler ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 81.35 565.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 92.78 565.50 Td (its ) Tj ET Q
q 0 0 0 rg BT 105.37 565.50 Td (independent ) Tj ET Q
q 0 0 0 rg BT 159.37 565.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 220.37 565.50 Td (consultant. ) Tj ET Q
q 0 0 0 rg BT 268.83 565.50 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 301.25 565.50 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 333.10 565.50 Td (reports ) Tj ET Q
q 0 0 0 rg BT 364.94 565.50 Td (directly ) Tj ET Q
q 0 0 0 rg BT 399.69 565.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 410.53 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 426.04 565.50 Td (Committee, ) Tj ET Q
q 0 0 0 rg BT 478.00 565.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 495.84 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 511.35 565.50 Td (Committee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (annually ) Tj ET Q
q 0 0 0 rg BT 88.28 552.90 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 123.56 552.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 139.01 552.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 194.69 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 206.06 552.90 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 238.43 552.90 Td (Brossy) Tj ET Q
q 0 0 0 rg BT 266.92 552.90 Td (.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 69.18 527.70 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 119.20 527.70 Td (considered ) Tj ET Q
q 0 0 0 rg BT 168.04 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 184.23 527.70 Td (independence ) Tj ET Q
q 0 0 0 rg BT 245.31 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.42 527.70 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 290.52 527.70 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 323.05 527.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 334.57 527.70 Td (light ) Tj ET Q
q 0 0 0 rg BT 357.18 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 369.29 527.70 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 391.90 527.70 Td (rules ) Tj ET Q
q 0 0 0 rg BT 415.67 527.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 434.19 527.70 Td (NYSE ) Tj ET Q
q 0 0 0 rg BT 464.97 527.70 Td (Listing ) Tj ET Q
q 0 0 0 rg BT 498.08 527.70 Td (Standards ) Tj ET Q
q 0 0 0 rg BT 542.85 527.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (determined ) Tj ET Q
q 0 0 0 rg BT 99.05 515.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 117.12 515.10 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 149.19 515.10 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 180.68 515.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 190.01 515.10 Td (independent ) Tj ET Q
q 0 0 0 rg BT 243.65 515.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 269.88 515.10 Td (those ) Tj ET Q
q 0 0 0 rg BT 294.37 515.10 Td (rules ) Tj ET Q
q 0 0 0 rg BT 317.10 515.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 334.58 515.10 Td (standards. ) Tj ET Q
q 0 0 0 rg BT 379.02 515.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 397.67 515.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 446.65 515.10 Td (also ) Tj ET Q
q 0 0 0 rg BT 465.89 515.10 Td (assessed ) Tj ET Q
q 0 0 0 rg BT 503.79 515.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 521.28 515.10 Td (potential ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (conflicts ) Tj ET Q
q 0 0 0 rg BT 88.01 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 99.12 502.50 Td (interest ) Tj ET Q
q 0 0 0 rg BT 132.38 502.50 Td (arising ) Tj ET Q
q 0 0 0 rg BT 163.31 502.50 Td (out ) Tj ET Q
q 0 0 0 rg BT 179.09 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.19 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 205.37 502.50 Td (consultant�) Tj ET Q
q 0 0 0 rg BT 251.45 502.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 257.89 502.50 Td (work ) Tj ET Q
q 0 0 0 rg BT 281.83 502.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 294.68 502.50 Td (behalf ) Tj ET Q
q 0 0 0 rg BT 323.28 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 334.38 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 349.56 502.50 Td (Committee. ) Tj ET Q
q 0 0 0 rg BT 401.04 502.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 419.72 502.50 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 468.73 502.50 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 511.34 502.50 Td (all ) Tj ET Q
q 0 0 0 rg BT 524.19 502.50 Td (relevant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (factors, ) Tj ET Q
q 0 0 0 rg BT 84.13 489.90 Td (including ) Tj ET Q
q 0 0 0 rg BT 127.23 489.90 Td (those ) Tj ET Q
q 0 0 0 rg BT 152.84 489.90 Td (cited ) Tj ET Q
q 0 0 0 rg BT 176.68 489.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 188.29 489.90 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 210.99 489.90 Td (rules, ) Tj ET Q
q 0 0 0 rg BT 237.46 489.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 256.06 489.90 Td (concluded ) Tj ET Q
q 0 0 0 rg BT 302.65 489.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 321.83 489.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.10 489.90 Td (work ) Tj ET Q
q 0 0 0 rg BT 363.12 489.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 375.30 489.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.57 489.90 Td (consultant ) Tj ET Q
q 0 0 0 rg BT 438.17 489.90 Td (did ) Tj ET Q
q 0 0 0 rg BT 455.03 489.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 471.88 489.90 Td (raise ) Tj ET Q
q 0 0 0 rg BT 495.14 489.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 513.74 489.90 Td (conflict ) Tj ET Q
q 0 0 0 rg BT 549.25 489.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (interest.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.20 452.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 115.24 452.10 Td (has ) Tj ET Q
q 0 0 0 rg BT 130.61 452.10 Td (instructed ) Tj ET Q
q 0 0 0 rg BT 173.40 452.10 Td (Semler ) Tj ET Q
q 0 0 0 rg BT 204.52 452.10 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 235.06 452.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 244.61 452.10 Td (provide ) Tj ET Q
q 0 0 0 rg BT 278.06 452.10 Td (advice ) Tj ET Q
q 0 0 0 rg BT 306.84 452.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 323.37 452.10 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 362.65 452.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 374.53 452.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 434.22 452.10 Td (proposals, ) Tj ET Q
q 0 0 0 rg BT 478.47 452.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 519.51 452.10 Td (proposed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.93 439.50 Td (amounts, ) Tj ET Q
q 0 0 0 rg BT 152.24 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 168.18 439.50 Td (design ) Tj ET Q
q 0 0 0 rg BT 198.70 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 210.56 439.50 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 252.15 439.50 Td (plans, ) Tj ET Q
q 0 0 0 rg BT 280.05 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 295.99 439.50 Td (setting ) Tj ET Q
q 0 0 0 rg BT 327.09 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 338.95 439.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 395.11 439.50 Td (goals ) Tj ET Q
q 0 0 0 rg BT 420.38 439.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 438.65 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.59 439.50 Td (design ) Tj ET Q
q 0 0 0 rg BT 485.11 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 496.96 439.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 521.65 439.50 Td (forms ) Tj ET Q
q 0 0 0 rg BT 549.25 439.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 110.24 426.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 127.82 426.90 Td (benefits ) Tj ET Q
q 0 0 0 rg BT 163.48 426.90 Td (programs, ) Tj ET Q
q 0 0 0 rg BT 208.18 426.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 219.34 426.90 Td (well ) Tj ET Q
q 0 0 0 rg BT 239.84 426.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 251.01 426.90 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 287.24 426.90 Td (information ) Tj ET Q
q 0 0 0 rg BT 339.23 426.90 Td (about ) Tj ET Q
q 0 0 0 rg BT 364.98 426.90 Td (market ) Tj ET Q
q 0 0 0 rg BT 396.55 426.90 Td (practices ) Tj ET Q
q 0 0 0 rg BT 436.28 426.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 453.86 426.90 Td (trends. ) Tj ET Q
q 0 0 0 rg BT 484.39 426.90 Td (T) Tj ET Q
q 0 0 0 rg BT 490.07 426.90 Td (ypically) Tj ET Q
q 0 0 0 rg BT 523.21 426.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 528.25 426.90 Td (Semler ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (Brossy ) Tj ET Q
q 0 0 0 rg BT 80.44 414.30 Td (attends ) Tj ET Q
q 0 0 0 rg BT 111.95 414.30 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 160.38 414.30 Td (meetings, ) Tj ET Q
q 0 0 0 rg BT 202.68 414.30 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 237.10 414.30 Td (existing ) Tj ET Q
q 0 0 0 rg BT 272.11 414.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 332.20 414.30 Td (programs ) Tj ET Q
q 0 0 0 rg BT 373.62 414.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 383.56 414.30 Td (ensure ) Tj ET Q
q 0 0 0 rg BT 412.73 414.30 Td (consistency ) Tj ET Q
q 0 0 0 rg BT 463.48 414.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 483.92 414.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 499.68 414.30 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (philosophy ) Tj ET Q
q 0 0 0 rg BT 97.74 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 114.47 401.70 Td (current ) Tj ET Q
q 0 0 0 rg BT 145.77 401.70 Td (market ) Tj ET Q
q 0 0 0 rg BT 176.49 401.70 Td (practices ) Tj ET Q
q 0 0 0 rg BT 215.36 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 232.09 401.70 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 266.31 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.71 401.70 Td (comparative ) Tj ET Q
q 0 0 0 rg BT 334.17 401.70 Td (information ) Tj ET Q
q 0 0 0 rg BT 385.31 401.70 Td (derived ) Tj ET Q
q 0 0 0 rg BT 418.36 401.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 440.34 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.74 401.70 Td (peer ) Tj ET Q
q 0 0 0 rg BT 474.37 401.70 Td (group ) Tj ET Q
q 0 0 0 rg BT 500.44 401.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 517.16 401.70 Td (published ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (survey ) Tj ET Q
q 0 0 0 rg BT 80.12 389.10 Td (data ) Tj ET Q
q 0 0 0 rg BT 100.23 389.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 118.60 389.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.06 389.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 183.34 389.10 Td (uses ) Tj ET Q
q 0 0 0 rg BT 204.05 389.10 Td (when ) Tj ET Q
q 0 0 0 rg BT 229.42 389.10 Td (setting ) Tj ET Q
q 0 0 0 rg BT 260.04 389.10 Td (compensation.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (Other) Tj ET Q
q 0 0 0 rg BT 76.14 363.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 78.76 363.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 146.15 363.90 Td (Policies ) Tj ET Q
q 0 0 0 rg BT 182.59 363.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 202.15 363.90 Td (Practices) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (T) Tj ET Q
q 0 0 0 rg BT 55.54 338.70 Td (ax ) Tj ET Q
q 0 0 0 rg BT 68.66 338.70 Td (Deductibility ) Tj ET Q
q 0 0 0 rg BT 129.63 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.42 338.70 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 176.31 338.70 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.10 Td (Until ) Tj ET Q
q 0 0 0 rg BT 73.79 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 89.32 326.10 Td (enactment ) Tj ET Q
q 0 0 0 rg BT 135.17 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 146.62 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.16 326.10 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 185.67 326.10 Td (T) Tj ET Q
q 0 0 0 rg BT 191.35 326.10 Td (ax ) Tj ET Q
q 0 0 0 rg BT 203.36 326.10 Td (Act, ) Tj ET Q
q 0 0 0 rg BT 223.86 326.10 Td (Section ) Tj ET Q
q 0 0 0 rg BT 258.06 326.10 Td (162\(m\) ) Tj ET Q
q 0 0 0 rg BT 291.67 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 303.12 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 318.66 326.10 Td (Internal ) Tj ET Q
q 0 0 0 rg BT 354.01 326.10 Td (Revenue ) Tj ET Q
q 0 0 0 rg BT 393.45 326.10 Td (Code ) Tj ET Q
q 0 0 0 rg BT 418.32 326.10 Td (limited ) Tj ET Q
q 0 0 0 rg BT 450.77 326.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 466.30 326.10 Td (deductions ) Tj ET Q
q 0 0 0 rg BT 514.50 326.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 529.45 326.10 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.50 Td (annual ) Tj ET Q
q 0 0 0 rg BT 80.58 313.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 142.00 313.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 153.26 313.50 Td (excess ) Tj ET Q
q 0 0 0 rg BT 183.76 313.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.60 313.50 Td ($1,000,000 ) Tj ET Q
q 0 0 0 rg BT 245.95 313.50 Td (paid ) Tj ET Q
q 0 0 0 rg BT 267.12 313.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 278.39 313.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 310.04 313.50 Td (individuals ) Tj ET Q
q 0 0 0 rg BT 359.81 313.50 Td (named ) Tj ET Q
q 0 0 0 rg BT 390.89 313.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 402.15 313.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 418.08 313.50 Td (summary ) Tj ET Q
q 0 0 0 rg BT 460.25 313.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 521.67 313.50 Td (tables ) Tj ET Q
q 0 0 0 rg BT 549.25 313.50 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td (public ) Tj ET Q
q 0 0 0 rg BT 78.47 300.90 Td (company ) Tj ET Q
q 0 0 0 rg BT 119.69 300.90 Td (proxy ) Tj ET Q
q 0 0 0 rg BT 146.92 300.90 Td (statements. ) Tj ET Q
q 0 0 0 rg BT 196.60 300.90 Td (Prior ) Tj ET Q
q 0 0 0 rg BT 220.33 300.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 231.22 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 246.78 300.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 254.75 300.90 Td (fectiveness ) Tj ET Q
q 0 0 0 rg BT 304.12 300.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 315.60 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 331.16 300.90 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 354.69 300.90 Td (T) Tj ET Q
q 0 0 0 rg BT 360.37 300.90 Td (ax ) Tj ET Q
q 0 0 0 rg BT 372.41 300.90 Td (Act, ) Tj ET Q
q 0 0 0 rg BT 392.92 300.90 Td (it ) Tj ET Q
q 0 0 0 rg BT 401.49 300.90 Td (had ) Tj ET Q
q 0 0 0 rg BT 419.38 300.90 Td (been ) Tj ET Q
q 0 0 0 rg BT 441.93 300.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 457.48 300.90 Td (Committee�) Tj ET Q
q 0 0 0 rg BT 507.06 300.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 513.88 300.90 Td (practice ) Tj ET Q
q 0 0 0 rg BT 549.83 300.90 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.30 Td (pursue ) Tj ET Q
q 0 0 0 rg BT 80.10 288.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 141.02 288.30 Td (programs ) Tj ET Q
q 0 0 0 rg BT 183.29 288.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 201.64 288.30 Td (were ) Tj ET Q
q 0 0 0 rg BT 224.64 288.30 Td (designed ) Tj ET Q
q 0 0 0 rg BT 264.57 288.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 275.34 288.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 287.86 288.30 Td (fully ) Tj ET Q
q 0 0 0 rg BT 310.29 288.30 Td (deductible, ) Tj ET Q
q 0 0 0 rg BT 359.26 288.30 Td (while ) Tj ET Q
q 0 0 0 rg BT 385.19 288.30 Td (retaining ) Tj ET Q
q 0 0 0 rg BT 425.12 288.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.55 288.30 Td (discretion ) Tj ET Q
q 0 0 0 rg BT 484.56 288.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 495.33 288.30 Td (grant ) Tj ET Q
q 0 0 0 rg BT 519.51 288.30 Td (incentive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 81.08 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 91.08 275.70 Td (named ) Tj ET Q
q 0 0 0 rg BT 120.91 275.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 162.97 275.70 Td (of) Tj ET Q
q 0 0 0 rg BT 171.53 275.70 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 196.69 275.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 214.27 275.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 236.51 275.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 251.76 275.70 Td (fully ) Tj ET Q
q 0 0 0 rg BT 273.43 275.70 Td (deductible ) Tj ET Q
q 0 0 0 rg BT 319.01 275.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 344.75 275.70 Td (Section ) Tj ET Q
q 0 0 0 rg BT 378.08 275.70 Td (162\(m\) ) Tj ET Q
q 0 0 0 rg BT 410.83 275.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 420.84 275.70 Td (order ) Tj ET Q
q 0 0 0 rg BT 444.83 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 454.84 275.70 Td (balance ) Tj ET Q
q 0 0 0 rg BT 488.73 275.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 503.40 275.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 511.37 275.70 Td (fectiveness ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.50 263.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 102.99 263.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 163.57 263.10 Td (plans ) Tj ET Q
q 0 0 0 rg BT 187.99 263.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 208.92 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 224.01 263.10 Td (materiality ) Tj ET Q
q 0 0 0 rg BT 271.75 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 282.75 263.10 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 318.24 263.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 333.33 263.10 Td (deductions. ) Tj ET Q
q 0 0 0 rg BT 383.70 263.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 394.71 263.10 Td (making ) Tj ET Q
q 0 0 0 rg BT 428.46 263.10 Td (these ) Tj ET Q
q 0 0 0 rg BT 452.29 263.10 Td (decisions, ) Tj ET Q
q 0 0 0 rg BT 496.26 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 511.34 263.10 Td (Committee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.50 Td (was ) Tj ET Q
q 0 0 0 rg BT 68.14 250.50 Td (aware ) Tj ET Q
q 0 0 0 rg BT 95.52 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.58 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 121.72 250.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 129.68 250.50 Td (fect ) Tj ET Q
q 0 0 0 rg BT 147.73 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 158.79 250.50 Td (accumulated ) Tj ET Q
q 0 0 0 rg BT 214.16 250.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 229.30 250.50 Td (losses ) Tj ET Q
q 0 0 0 rg BT 256.70 250.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 274.17 250.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 289.31 250.50 Td (amortization ) Tj ET Q
q 0 0 0 rg BT 344.69 250.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 355.75 250.50 Td (goodwill ) Tj ET Q
q 0 0 0 rg BT 395.40 250.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 409.95 250.50 Td (tax ) Tj ET Q
q 0 0 0 rg BT 425.10 250.50 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 464.74 250.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 477.55 250.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 501.44 250.50 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 532.94 250.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 539.34 250.50 Td (U.S. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.90 Td (federal ) Tj ET Q
q 0 0 0 rg BT 81.56 237.90 Td (tax ) Tj ET Q
q 0 0 0 rg BT 97.31 237.90 Td (payment ) Tj ET Q
q 0 0 0 rg BT 136.39 237.90 Td (obligations. ) Tj ET Q
q 0 0 0 rg BT 188.39 237.90 Td (W) Tj ET Q
q 0 0 0 rg BT 197.88 237.90 Td (ith ) Tj ET Q
q 0 0 0 rg BT 211.89 237.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 227.64 237.90 Td (changes ) Tj ET Q
q 0 0 0 rg BT 264.38 237.90 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 322.12 237.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 348.94 237.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 364.69 237.90 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 388.40 237.90 Td (T) Tj ET Q
q 0 0 0 rg BT 394.08 237.90 Td (ax ) Tj ET Q
q 0 0 0 rg BT 406.27 237.90 Td (Act, ) Tj ET Q
q 0 0 0 rg BT 426.98 237.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 434.95 237.90 Td (fective ) Tj ET Q
q 0 0 0 rg BT 466.43 237.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 481.60 237.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 506.09 237.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 537.60 237.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 549.26 237.90 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (April ) Tj ET Q
q 0 0 0 rg BT 73.72 225.30 Td (1, ) Tj ET Q
q 0 0 0 rg BT 83.65 225.30 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 109.34 225.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 126.55 225.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 186.93 225.30 Td (\(including ) Tj ET Q
q 0 0 0 rg BT 232.15 225.30 Td (performance-based ) Tj ET Q
q 0 0 0 rg BT 314.66 225.30 Td (compensation\) ) Tj ET Q
q 0 0 0 rg BT 378.53 225.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 388.76 225.30 Td (excess ) Tj ET Q
q 0 0 0 rg BT 418.22 225.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 429.02 225.30 Td ($1 ) Tj ET Q
q 0 0 0 rg BT 441.58 225.30 Td (million ) Tj ET Q
q 0 0 0 rg BT 473.98 225.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 491.78 225.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 500.84 225.30 Td (paid ) Tj ET Q
q 0 0 0 rg BT 520.98 225.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 535.28 225.30 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 70.29 212.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 94.01 212.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 104.90 212.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 112.29 212.70 Td (covered ) Tj ET Q
q 0 0 0 rg BT 148.24 212.70 Td (employee ) Tj ET Q
q 0 0 0 rg BT 191.78 212.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 210.84 212.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 223.47 212.70 Td (non-deductible. ) Tj ET Q
q 0 0 0 rg BT 291.80 212.70 Td (However) Tj ET Q
q 0 0 0 rg BT 329.86 212.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 335.21 212.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 396.25 212.70 Td (provided ) Tj ET Q
q 0 0 0 rg BT 436.30 212.70 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 475.18 212.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 486.07 212.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 493.46 212.70 Td (written ) Tj ET Q
q 0 0 0 rg BT 525.92 212.70 Td (binding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (contract ) Tj ET Q
q 0 0 0 rg BT 86.07 200.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 97.00 200.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 104.97 200.10 Td (fect ) Tj ET Q
q 0 0 0 rg BT 123.46 200.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 134.97 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 146.48 200.10 Td (November ) Tj ET Q
q 0 0 0 rg BT 193.55 200.10 Td (2, ) Tj ET Q
q 0 0 0 rg BT 204.19 200.10 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 230.57 200.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 259.00 200.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 268.76 200.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 284.94 200.10 Td (thereafter ) Tj ET Q
q 0 0 0 rg BT 327.91 200.10 Td (modified ) Tj ET Q
q 0 0 0 rg BT 368.58 200.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 379.51 200.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 397.43 200.10 Td (material ) Tj ET Q
q 0 0 0 rg BT 434.59 200.10 Td (respect, ) Tj ET Q
q 0 0 0 rg BT 469.71 200.10 Td (can ) Tj ET Q
q 0 0 0 rg BT 487.04 200.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 499.71 200.10 Td (grandfathered ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 76.73 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.88 187.50 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 116.97 187.50 Td (T) Tj ET Q
q 0 0 0 rg BT 122.65 187.50 Td (ax ) Tj ET Q
q 0 0 0 rg BT 135.15 187.50 Td (Act ) Tj ET Q
q 0 0 0 rg BT 153.64 187.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 172.12 187.50 Td (continue ) Tj ET Q
q 0 0 0 rg BT 211.60 187.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 223.10 187.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 236.33 187.50 Td (deductible ) Tj ET Q
q 0 0 0 rg BT 283.39 187.50 Td (\(assuming ) Tj ET Q
q 0 0 0 rg BT 329.88 187.50 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 381.60 187.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 403.59 187.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 428.49 187.50 Td (relevant ) Tj ET Q
q 0 0 0 rg BT 465.63 187.50 Td (requirements ) Tj ET Q
q 0 0 0 rg BT 523.77 187.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 535.84 187.50 Td (Code ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (Section ) Tj ET Q
q 0 0 0 rg BT 83.24 174.90 Td (162\(m\) ) Tj ET Q
q 0 0 0 rg BT 116.40 174.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 127.39 174.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 137.80 174.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 145.77 174.90 Td (fect ) Tj ET Q
q 0 0 0 rg BT 163.75 174.90 Td (prior ) Tj ET Q
q 0 0 0 rg BT 186.41 174.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 196.82 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 211.90 174.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 219.86 174.90 Td (fective ) Tj ET Q
q 0 0 0 rg BT 250.67 174.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 270.41 174.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 281.40 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.47 174.90 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 319.56 174.90 Td (T) Tj ET Q
q 0 0 0 rg BT 325.24 174.90 Td (ax ) Tj ET Q
q 0 0 0 rg BT 336.90 174.90 Td (Act\). ) Tj ET Q
q 0 0 0 rg BT 360.26 174.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 378.83 174.90 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 427.74 174.90 Td (has ) Tj ET Q
q 0 0 0 rg BT 443.98 174.90 Td (considered ) Tj ET Q
q 0 0 0 rg BT 491.71 174.90 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 531.86 174.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 542.85 174.90 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.30 Td (when ) Tj ET Q
q 0 0 0 rg BT 75.87 162.30 Td (it ) Tj ET Q
q 0 0 0 rg BT 85.33 162.30 Td (became ) Tj ET Q
q 0 0 0 rg BT 121.02 162.30 Td (available ) Tj ET Q
q 0 0 0 rg BT 162.54 162.30 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 206.40 162.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 222.85 162.30 Td (continued ) Tj ET Q
q 0 0 0 rg BT 267.88 162.30 Td (deductibility ) Tj ET Q
q 0 0 0 rg BT 324.58 162.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 336.96 162.30 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 398.90 162.30 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 438.09 162.30 Td (under ) Tj ET Q
q 0 0 0 rg BT 465.62 162.30 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 525.81 162.30 Td (prior ) Tj ET Q
q 0 0 0 rg BT 549.84 162.30 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (November ) Tj ET Q
q 0 0 0 rg BT 97.05 149.70 Td (2, ) Tj ET Q
q 0 0 0 rg BT 108.15 149.70 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 132.38 149.70 Td (but ) Tj ET Q
q 0 0 0 rg BT 149.02 149.70 Td (paid ) Tj ET Q
q 0 0 0 rg BT 170.33 149.70 Td (after ) Tj ET Q
q 0 0 0 rg BT 192.08 149.70 Td (April ) Tj ET Q
q 0 0 0 rg BT 217.47 149.70 Td (1, ) Tj ET Q
q 0 0 0 rg BT 228.58 149.70 Td (2018. ) Tj ET Q
q 0 0 0 rg BT 255.43 149.70 Td (None ) Tj ET Q
q 0 0 0 rg BT 281.40 149.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 293.38 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 309.43 149.70 Td (determinations ) Tj ET Q
q 0 0 0 rg BT 375.06 149.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 394.04 149.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 410.10 149.70 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 473.99 149.70 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 523.88 149.70 Td (made ) Tj ET Q
q 0 0 0 rg BT 549.85 149.70 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 74.96 137.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 95.75 137.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 119.48 137.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 142.60 137.10 Td (intended ) Tj ET Q
q 0 0 0 rg BT 181.48 137.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 192.37 137.10 Td (modify ) Tj ET Q
q 0 0 0 rg BT 225.42 137.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 236.89 137.10 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 280.44 137.10 Td (af) Tj ET Q
q 0 0 0 rg BT 288.40 137.10 Td (fect ) Tj ET Q
q 0 0 0 rg BT 306.86 137.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 317.75 137.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 335.64 137.10 Td (material ) Tj ET Q
q 0 0 0 rg BT 372.76 137.10 Td (respect ) Tj ET Q
q 0 0 0 rg BT 405.21 137.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 423.09 137.10 Td (remuneration ) Tj ET Q
q 0 0 0 rg BT 481.79 137.10 Td (provided ) Tj ET Q
q 0 0 0 rg BT 521.84 137.10 Td (pursuant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.29 124.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 67.58 124.50 Td (written ) Tj ET Q
q 0 0 0 rg BT 99.95 124.50 Td (binding ) Tj ET Q
q 0 0 0 rg BT 134.66 124.50 Td (contract ) Tj ET Q
q 0 0 0 rg BT 171.09 124.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 181.89 124.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 189.85 124.50 Td (fect ) Tj ET Q
q 0 0 0 rg BT 208.21 124.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 219.59 124.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.96 124.50 Td (November ) Tj ET Q
q 0 0 0 rg BT 277.90 124.50 Td (2, ) Tj ET Q
q 0 0 0 rg BT 288.40 124.50 Td (2017. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 82.47 99.30 Td (Grant ) Tj ET Q
q 0 0 0 rg BT 112.51 99.30 Td (Practices) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.70 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 86.70 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.95 86.70 Td (do ) Tj ET Q
q 0 0 0 rg BT 79.17 86.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 95.31 86.70 Td (have ) Tj ET Q
q 0 0 0 rg BT 117.85 86.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 135.73 86.70 Td (program, ) Tj ET Q
q 0 0 0 rg BT 176.64 86.70 Td (plan ) Tj ET Q
q 0 0 0 rg BT 197.44 86.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 208.91 86.70 Td (practice ) Tj ET Q
q 0 0 0 rg BT 244.85 86.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 255.74 86.70 Td (time ) Tj ET Q
q 0 0 0 rg BT 277.12 86.70 Td (equity ) Tj ET Q
q 0 0 0 rg BT 306.09 86.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 338.54 86.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 349.43 86.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 366.15 86.70 Td (employees ) Tj ET Q
q 0 0 0 rg BT 413.77 86.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 424.66 86.70 Td (coordination ) Tj ET Q
q 0 0 0 rg BT 480.45 86.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 501.84 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.38 86.70 Td (release ) Tj ET Q
q 0 0 0 rg BT 549.25 86.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.10 Td (material ) Tj ET Q
q 0 0 0 rg BT 85.84 74.10 Td (non-public ) Tj ET Q
q 0 0 0 rg BT 133.28 74.10 Td (information. ) Tj ET Q
q 0 0 0 rg BT 187.28 74.10 Td (W) Tj ET Q
q 0 0 0 rg BT 196.35 74.10 Td (e ) Tj ET Q
q 0 0 0 rg BT 202.96 74.10 Td (do ) Tj ET Q
q 0 0 0 rg BT 215.40 74.10 Td (not ) Tj ET Q
q 0 0 0 rg BT 230.76 74.10 Td (grant ) Tj ET Q
q 0 0 0 rg BT 254.28 74.10 Td (equity ) Tj ET Q
q 0 0 0 rg BT 282.47 74.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 314.15 74.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 340.01 74.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 352.45 74.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 368.39 74.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 392.50 74.10 Td (price. ) Tj ET Q
q 0 0 0 rg BT 418.05 74.10 Td (If ) Tj ET Q
q 0 0 0 rg BT 426.99 74.10 Td (we ) Tj ET Q
q 0 0 0 rg BT 441.18 74.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 455.94 74.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 466.05 74.10 Td (possession ) Tj ET Q
q 0 0 0 rg BT 512.92 74.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 523.61 74.10 Td (material ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.50 Td (non-public ) Tj ET Q
q 0 0 0 rg BT 98.07 61.50 Td (information, ) Tj ET Q
q 0 0 0 rg BT 153.35 61.50 Td (either ) Tj ET Q
q 0 0 0 rg BT 180.33 61.50 Td (favorable ) Tj ET Q
q 0 0 0 rg BT 223.06 61.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 234.88 61.50 Td (unfavorable, ) Tj ET Q
q 0 0 0 rg BT 290.73 61.50 Td (when ) Tj ET Q
q 0 0 0 rg BT 316.55 61.50 Td (equity ) Tj ET Q
q 0 0 0 rg BT 345.88 61.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 378.70 61.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 394.60 61.50 Td (made, ) Tj ET Q
q 0 0 0 rg BT 423.04 61.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 438.95 61.50 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 488.69 61.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 508.11 61.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 524.60 61.50 Td (take ) Tj ET Q
q 0 0 0 rg BT 545.17 61.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.90 Td (information ) Tj ET Q
q 0 0 0 rg BT 100.90 48.90 Td (into ) Tj ET Q
q 0 0 0 rg BT 119.06 48.90 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 177.45 48.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 187.44 48.90 Td (determining ) Tj ET Q
q 0 0 0 rg BT 240.00 48.90 Td (award ) Tj ET Q
q 0 0 0 rg BT 267.47 48.90 Td (amounts. ) Tj ET Q
q 0 0 0 rg BT 307.37 48.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 325.52 48.90 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 374.01 48.90 Td (customarily ) Tj ET Q
q 0 0 0 rg BT 425.41 48.90 Td (authorizes ) Tj ET Q
q 0 0 0 rg BT 470.38 48.90 Td (annual ) Tj ET Q
q 0 0 0 rg BT 500.19 48.90 Td (equity ) Tj ET Q
q 0 0 0 rg BT 528.26 48.90 Td (awards ) Tj ET Q
endstream
endobj
337 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 338 0 R>>
endobj
338 0 obj
<</Length 31023>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (166) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.78 741.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 91.88 741.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 135.22 741.75 Td (of) Tj ET Q
q 0 0 0 rg BT 143.78 741.75 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 170.21 741.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 180.90 741.75 Td (its ) Tj ET Q
q 0 0 0 rg BT 193.93 741.75 Td (regularly ) Tj ET Q
q 0 0 0 rg BT 234.94 741.75 Td (scheduled ) Tj ET Q
q 0 0 0 rg BT 280.04 741.75 Td (meeting ) Tj ET Q
q 0 0 0 rg BT 316.98 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 327.57 741.75 Td (April. ) Tj ET Q
q 0 0 0 rg BT 355.47 741.75 Td (Our ) Tj ET Q
q 0 0 0 rg BT 374.92 741.75 Td (practice ) Tj ET Q
q 0 0 0 rg BT 411.25 741.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 428.36 741.75 Td (been ) Tj ET Q
q 0 0 0 rg BT 451.29 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 462.57 741.75 Td (determine ) Tj ET Q
q 0 0 0 rg BT 507.67 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 523.61 741.75 Td (exercise ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (price ) Tj ET Q
q 0 0 0 rg BT 73.41 729.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 85.09 729.15 Td (fair ) Tj ET Q
q 0 0 0 rg BT 102.59 729.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 134.67 729.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 160.34 729.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 175.51 729.15 Td (annual ) Tj ET Q
q 0 0 0 rg BT 206.43 729.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 237.35 729.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 280.50 729.15 Td (of) Tj ET Q
q 0 0 0 rg BT 289.06 729.15 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 311.22 729.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 340.39 729.15 Td (awards ) Tj ET Q
q 0 0 0 rg BT 373.06 729.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 386.49 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.25 729.15 Td (day ) Tj ET Q
q 0 0 0 rg BT 420.33 729.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 439.01 729.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 480.42 729.15 Td (awards ) Tj ET Q
q 0 0 0 rg BT 513.09 729.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 528.83 729.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 549.84 729.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (May) Tj ET Q
q 0 0 0 rg BT 68.07 716.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 73.39 716.55 Td (No ) Tj ET Q
q 0 0 0 rg BT 88.93 716.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 117.88 716.55 Td (awards ) Tj ET Q
q 0 0 0 rg BT 150.31 716.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 172.84 716.55 Td (been ) Tj ET Q
q 0 0 0 rg BT 195.36 716.55 Td (authorized ) Tj ET Q
q 0 0 0 rg BT 242.38 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 257.32 716.55 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 295.60 716.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 310.54 716.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 335.98 716.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 359.69 716.55 Td (due ) Tj ET Q
q 0 0 0 rg BT 377.55 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 388.42 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.95 716.55 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 453.31 716.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 466.51 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.04 716.55 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 520.31 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 531.76 716.55 Td (equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 76.03 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 91.49 703.95 Td (terms ) Tj ET Q
q 0 0 0 rg BT 117.44 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 128.81 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 144.26 703.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 161.57 703.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 177.02 703.95 Td (Agreement.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 116.89 678.75 Td (Clawback ) Tj ET Q
q 0 0 0 rg BT 164.43 678.75 Td (Policy) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (If ) Tj ET Q
q 0 0 0 rg BT 59.37 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.08 666.15 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 124.62 666.15 Td (determines ) Tj ET Q
q 0 0 0 rg BT 173.57 666.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 192.19 666.15 Td (it ) Tj ET Q
q 0 0 0 rg BT 200.90 666.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 210.79 666.15 Td (appropriate, ) Tj ET Q
q 0 0 0 rg BT 264.10 666.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 288.56 666.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 320.02 666.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 340.97 666.15 Td (recover ) Tj ET Q
q 0 0 0 rg BT 375.33 666.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 398.62 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 406.16 666.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 437.03 666.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 480.13 666.15 Td (of) Tj ET Q
q 0 0 0 rg BT 488.69 666.15 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 510.80 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 526.51 666.15 Td (amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.34 653.55 Td (previously ) Tj ET Q
q 0 0 0 rg BT 108.77 653.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 129.94 653.55 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 171.52 653.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 232.94 653.55 Td (\(including ) Tj ET Q
q 0 0 0 rg BT 279.20 653.55 Td (both ) Tj ET Q
q 0 0 0 rg BT 300.96 653.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 322.72 653.55 Td (bonuses ) Tj ET Q
q 0 0 0 rg BT 359.65 653.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 377.90 653.55 Td (equity ) Tj ET Q
q 0 0 0 rg BT 407.25 653.55 Td (awards\) ) Tj ET Q
q 0 0 0 rg BT 443.58 653.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 462.42 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 478.34 653.55 Td (Board ) Tj ET Q
q 0 0 0 rg BT 507.10 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.94 653.55 Td (Directors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (determines ) Tj ET Q
q 0 0 0 rg BT 98.19 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 108.98 640.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 121.52 640.95 Td (appropriate ) Tj ET Q
q 0 0 0 rg BT 171.96 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 182.75 640.95 Td (two ) Tj ET Q
q 0 0 0 rg BT 201.12 640.95 Td (circumstances:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 615.75 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 615.75 Td (If ) Tj ET Q
q 0 0 0 rg BT 70.02 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 78.21 615.75 Td (participant�) Tj ET Q
q 0 0 0 rg BT 126.02 615.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 133.63 615.75 Td (acts ) Tj ET Q
q 0 0 0 rg BT 153.48 615.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 165.76 615.75 Td (omissions ) Tj ET Q
q 0 0 0 rg BT 211.29 615.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 227.64 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 235.82 615.75 Td (significant ) Tj ET Q
q 0 0 0 rg BT 283.67 615.75 Td (contributing ) Tj ET Q
q 0 0 0 rg BT 338.53 615.75 Td (factor ) Tj ET Q
q 0 0 0 rg BT 366.54 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 378.23 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 386.42 615.75 Td (requirement ) Tj ET Q
q 0 0 0 rg BT 440.67 615.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 459.94 615.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 485.04 615.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 517.15 615.75 Td (restate ) Tj ET Q
q 0 0 0 rg BT 548.08 615.75 Td (its ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 603.15 Td (reported ) Tj ET Q
q 0 0 0 rg BT 97.11 603.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 136.46 603.15 Td (results ) Tj ET Q
q 0 0 0 rg BT 166.50 603.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 184.29 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 195.08 603.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 202.37 603.15 Td (material ) Tj ET Q
q 0 0 0 rg BT 239.39 603.15 Td (error) Tj ET Q
q 0 0 0 rg BT 259.37 603.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 264.62 603.15 Td (or) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 48.50 590.55 Td (� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 590.55 Td (If ) Tj ET Q
q 0 0 0 rg BT 69.42 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 85.18 590.55 Td (participant�) Tj ET Q
q 0 0 0 rg BT 132.99 590.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 140.01 590.55 Td (employment ) Tj ET Q
q 0 0 0 rg BT 195.43 590.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 205.36 590.55 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 253.18 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 268.35 590.55 Td (�cause� ) Tj ET Q
q 0 0 0 rg BT 303.92 590.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 326.10 590.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 337.77 590.55 Td (instances ) Tj ET Q
q 0 0 0 rg BT 379.19 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 390.86 590.55 Td (gross ) Tj ET Q
q 0 0 0 rg BT 415.96 590.55 Td (negligence, ) Tj ET Q
q 0 0 0 rg BT 466.99 590.55 Td (willful ) Tj ET Q
q 0 0 0 rg BT 497.92 590.55 Td (misconduct ) Tj ET Q
q 0 0 0 rg BT 549.26 590.55 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 577.95 Td (willful ) Tj ET Q
q 0 0 0 rg BT 89.79 577.95 Td (malfeasance ) Tj ET Q
q 0 0 0 rg BT 143.95 577.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 161.99 577.95 Td (materially ) Tj ET Q
q 0 0 0 rg BT 206.84 577.95 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 249.36 577.95 Td (impact ) Tj ET Q
q 0 0 0 rg BT 280.22 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 295.33 577.95 Td (company�) Tj ET Q
q 0 0 0 rg BT 336.74 577.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 343.11 577.95 Td (reputation ) Tj ET Q
q 0 0 0 rg BT 387.97 577.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 399.00 577.95 Td (business; ) Tj ET Q
q 0 0 0 rg BT 439.79 577.95 Td (willful ) Tj ET Q
q 0 0 0 rg BT 470.08 577.95 Td (violations ) Tj ET Q
q 0 0 0 rg BT 513.78 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 524.82 577.95 Td (law ) Tj ET Q
q 0 0 0 rg BT 542.27 577.95 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 565.35 Td (materially ) Tj ET Q
q 0 0 0 rg BT 105.35 565.35 Td (adversely ) Tj ET Q
q 0 0 0 rg BT 148.88 565.35 Td (af) Tj ET Q
q 0 0 0 rg BT 156.84 565.35 Td (fect ) Tj ET Q
q 0 0 0 rg BT 175.87 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 191.99 565.35 Td (company�) Tj ET Q
q 0 0 0 rg BT 233.39 565.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 240.77 565.35 Td (reputation ) Tj ET Q
q 0 0 0 rg BT 286.63 565.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 298.66 565.35 Td (business ) Tj ET Q
q 0 0 0 rg BT 337.54 565.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 349.57 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.69 565.35 Td (ability ) Tj ET Q
q 0 0 0 rg BT 395.81 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 407.85 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 423.96 565.35 Td (of) Tj ET Q
q 0 0 0 rg BT 432.52 565.35 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 455.04 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 466.50 565.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 479.70 565.35 Td (associated ) Tj ET Q
q 0 0 0 rg BT 526.14 565.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 548.10 565.35 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 59.50 552.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 108.20 552.75 Td (adviser; ) Tj ET Q
q 0 0 0 rg BT 144.07 552.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 155.44 552.75 Td (theft, ) Tj ET Q
q 0 0 0 rg BT 179.93 552.75 Td (embezzlement ) Tj ET Q
q 0 0 0 rg BT 243.19 552.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 254.56 552.75 Td (fraud.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (This ) Tj ET Q
q 0 0 0 rg BT 71.12 527.55 Td (clawback ) Tj ET Q
q 0 0 0 rg BT 113.71 527.55 Td (provision ) Tj ET Q
q 0 0 0 rg BT 156.33 527.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 166.29 527.55 Td (intended ) Tj ET Q
q 0 0 0 rg BT 205.40 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 216.52 527.55 Td (mitigate ) Tj ET Q
q 0 0 0 rg BT 253.88 527.55 Td (risk ) Tj ET Q
q 0 0 0 rg BT 272.58 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 290.69 527.55 Td (provide ) Tj ET Q
q 0 0 0 rg BT 325.72 527.55 Td (enhanced ) Tj ET Q
q 0 0 0 rg BT 368.31 527.55 Td (safeguards ) Tj ET Q
q 0 0 0 rg BT 416.16 527.55 Td (against ) Tj ET Q
q 0 0 0 rg BT 448.86 527.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 480.37 527.55 Td (types ) Tj ET Q
q 0 0 0 rg BT 505.49 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 517.19 527.55 Td (employee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (misconduct ) Tj ET Q
q 0 0 0 rg BT 100.54 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 118.32 514.95 Td (allows ) Tj ET Q
q 0 0 0 rg BT 148.36 514.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 163.23 514.95 Td (recovery ) Tj ET Q
q 0 0 0 rg BT 202.58 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 213.95 514.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 260.90 514.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 321.85 514.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 342.55 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 353.34 514.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 365.88 514.95 Td (employee ) Tj ET Q
q 0 0 0 rg BT 409.32 514.95 Td (who ) Tj ET Q
q 0 0 0 rg BT 430.03 514.95 Td (engages ) Tj ET Q
q 0 0 0 rg BT 466.47 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 477.26 514.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 499.13 514.95 Td (misconduct.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 77.21 489.75 Td (Ownership ) Tj ET Q
q 0 0 0 rg BT 129.43 489.75 Td (Guidelines) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.53 477.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 96.89 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.33 477.15 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 150.10 477.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 166.80 477.15 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 202.74 477.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 227.60 477.15 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 274.04 477.15 Td (guidelines ) Tj ET Q
q 0 0 0 rg BT 319.90 477.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 334.85 477.15 Td (directors ) Tj ET Q
q 0 0 0 rg BT 374.28 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 392.14 477.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 435.07 477.15 Td (of) Tj ET Q
q 0 0 0 rg BT 443.62 477.15 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 469.64 477.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 481.09 477.15 Td (shown ) Tj ET Q
q 0 0 0 rg BT 511.21 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 522.07 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 537.60 477.15 Td (table ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (below) Tj ET Q
q 0 0 0 rg BT 74.48 464.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 80.75 464.55 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 123.47 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 142.28 464.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 186.16 464.55 Td (of) Tj ET Q
q 0 0 0 rg BT 194.71 464.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 221.68 464.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 238.15 464.55 Td (permitted ) Tj ET Q
q 0 0 0 rg BT 282.03 464.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 290.34 464.55 Td (five-year ) Tj ET Q
q 0 0 0 rg BT 331.88 464.55 Td (grace ) Tj ET Q
q 0 0 0 rg BT 358.26 464.55 Td (period ) Tj ET Q
q 0 0 0 rg BT 388.73 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 400.55 464.55 Td (reach ) Tj ET Q
q 0 0 0 rg BT 426.93 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.40 464.55 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 490.20 464.55 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 537.59 464.55 Td (level ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (established ) Tj ET Q
q 0 0 0 rg BT 98.56 451.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 124.86 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 140.09 451.95 Td (guidelines. ) Tj ET Q
q 0 0 0 rg BT 188.27 451.95 Td (Our ) Tj ET Q
q 0 0 0 rg BT 207.00 451.95 Td (equity ) Tj ET Q
q 0 0 0 rg BT 235.64 451.95 Td (award ) Tj ET Q
q 0 0 0 rg BT 263.69 451.95 Td (retention ) Tj ET Q
q 0 0 0 rg BT 303.41 451.95 Td (policy ) Tj ET Q
q 0 0 0 rg BT 332.05 451.95 Td (requires ) Tj ET Q
q 0 0 0 rg BT 368.27 451.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 386.41 451.95 Td (executives ) Tj ET Q
q 0 0 0 rg BT 433.12 451.95 Td (retain ) Tj ET Q
q 0 0 0 rg BT 459.42 451.95 Td (50% ) Tj ET Q
q 0 0 0 rg BT 481.07 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 492.21 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.44 451.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 522.67 451.95 Td (after) Tj ET Q
q 0 0 0 rg BT 541.69 451.95 Td (-tax ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 78.02 439.35 Td (received ) Tj ET Q
q 0 0 0 rg BT 115.87 439.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 138.56 439.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 151.34 439.35 Td (equity ) Tj ET Q
q 0 0 0 rg BT 179.87 439.35 Td (awards ) Tj ET Q
q 0 0 0 rg BT 211.89 439.35 Td (until ) Tj ET Q
q 0 0 0 rg BT 233.43 439.35 Td (they ) Tj ET Q
q 0 0 0 rg BT 253.79 439.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 275.90 439.35 Td (reached ) Tj ET Q
q 0 0 0 rg BT 310.82 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.93 439.35 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 371.96 439.35 Td (level ) Tj ET Q
q 0 0 0 rg BT 394.65 439.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 405.10 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 420.21 439.35 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 466.24 439.35 Td (guidelines. ) Tj ET Q
q 0 0 0 rg BT 514.31 439.35 Td (From ) Tj ET Q
q 0 0 0 rg BT 539.35 439.35 Td (time ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.29 426.75 Td (time, ) Tj ET Q
q 0 0 0 rg BT 84.21 426.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 100.83 426.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 143.68 426.75 Td (of) Tj ET Q
q 0 0 0 rg BT 152.24 426.75 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 178.18 426.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 198.88 426.75 Td (implement ) Tj ET Q
q 0 0 0 rg BT 246.42 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 253.70 426.75 Td (10b5-1 ) Tj ET Q
q 0 0 0 rg BT 286.07 426.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 306.78 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 321.65 426.75 Td (individual ) Tj ET Q
q 0 0 0 rg BT 366.85 426.75 Td (financial ) Tj ET Q
q 0 0 0 rg BT 406.21 426.75 Td (planning ) Tj ET Q
q 0 0 0 rg BT 445.58 426.75 Td (purposes.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 93.55 401.55 Td (of) Tj ET Q
q 0 0 0 rg BT 102.11 401.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 127.50 401.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 142.38 401.55 Td (expected ) Tj ET Q
q 0 0 0 rg BT 181.76 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 192.00 401.55 Td (own ) Tj ET Q
q 0 0 0 rg BT 212.15 401.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 240.46 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 251.28 401.55 Td (common ) Tj ET Q
q 0 0 0 rg BT 290.10 401.55 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 316.96 401.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 358.69 401.55 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 399.82 401.55 Td (stock, ) Tj ET Q
q 0 0 0 rg BT 426.68 401.55 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 467.82 401.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 492.05 401.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 514.54 401.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 531.77 401.55 Td (shares ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 388.95 Td (phantom ) Tj ET Q
q 0 0 0 rg BT 100.24 388.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 125.03 388.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 136.40 388.95 Td (shown ) Tj ET Q
q 0 0 0 rg BT 166.45 388.95 Td (below) Tj ET Q
q 0 0 0 rg BT 191.43 388.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 196.10 388.95 Td (As ) Tj ET Q
q 0 0 0 rg BT 210.39 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 221.76 388.95 Td (May ) Tj ET Q
q 0 0 0 rg BT 243.64 388.95 Td (15, ) Tj ET Q
q 0 0 0 rg BT 259.39 388.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 285.64 388.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 298.76 388.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 341.61 388.95 Td (of) Tj ET Q
q 0 0 0 rg BT 350.17 388.95 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 376.11 388.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 399.14 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 409.93 388.95 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 460.95 388.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 482.24 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 497.69 388.95 Td (guidelines.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 363.45 m
207.75 363.45 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
207.75 363.45 m
557.75 363.45 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.25 368.24 Td (T) Tj ET Q
q 0 0 0 rg BT 58.16 368.24 Td (itle) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 210.25 368.24 Td (Guideline Shar) Tj ET Q
q 0 0 0 rg BT 278.04 368.24 Td (es) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 353.22 Td (Directors) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 210.25 353.22 Td (Required to own shares with value at least equal to 5x annual cash retainer) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 338.22 Td (Chief Executive Of) Tj ET Q
q 0 0 0 rg BT 132.79 338.22 Td (ficer) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 210.25 338.22 Td (Required to own shares with value at least equal to 8x base salary) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 323.22 Td (Senior Executive ) Tj ET Q
q 0 0 0 rg BT 125.80 323.22 Td (V) Tj ET Q
q 0 0 0 rg BT 132.97 323.22 Td (ice Presidents) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 210.25 323.22 Td (Required to own shares with value at least equal to 5x base salary) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.25 308.22 Td (Other Executive Of) Tj ET Q
q 0 0 0 rg BT 133.37 308.22 Td (ficers) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 210.25 308.22 Td (Required to own shares with value at least equal to 2x base salary) Tj ET Q
BT /F1 10.00 Tf ET
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 278.75 Td (Hedging ) Tj ET Q
q 0 0 0 rg BT 90.05 278.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 109.60 278.75 Td (Pledging ) Tj ET Q
q 0 0 0 rg BT 151.32 278.75 Td (Policies) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 266.15 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.14 266.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 96.12 266.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 107.17 266.15 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 148.56 266.15 Td (has ) Tj ET Q
q 0 0 0 rg BT 164.87 266.15 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 200.42 266.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 207.39 266.15 Td (policy ) Tj ET Q
q 0 0 0 rg BT 235.95 266.15 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 278.49 266.15 Td (acquisitions ) Tj ET Q
q 0 0 0 rg BT 330.97 266.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 348.44 266.15 Td (dispositions ) Tj ET Q
q 0 0 0 rg BT 400.93 266.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 411.99 266.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 435.88 266.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 466.78 266.15 Td (securities ) Tj ET Q
q 0 0 0 rg BT 508.74 266.15 Td (that, ) Tj ET Q
q 0 0 0 rg BT 529.43 266.15 Td (among ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 253.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 73.82 253.55 Td (things ) Tj ET Q
q 0 0 0 rg BT 102.24 253.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 120.15 253.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 152.64 253.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 163.56 253.55 Td (certain ) Tj ET Q
q 0 0 0 rg BT 194.87 253.55 Td (exceptions, ) Tj ET Q
q 0 0 0 rg BT 245.15 253.55 Td (prohibits ) Tj ET Q
q 0 0 0 rg BT 285.23 253.55 Td (directors ) Tj ET Q
q 0 0 0 rg BT 324.71 253.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 336.21 253.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 379.18 253.55 Td (of) Tj ET Q
q 0 0 0 rg BT 387.74 253.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 413.81 253.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 436.96 253.55 Td (trading ) Tj ET Q
q 0 0 0 rg BT 469.46 253.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 480.37 253.55 Td (listed ) Tj ET Q
q 0 0 0 rg BT 505.87 253.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 523.78 253.55 Td (over ) Tj ET Q
q 0 0 0 rg BT 545.18 253.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 240.95 Td (counter ) Tj ET Q
q 0 0 0 rg BT 84.76 240.95 Td (options ) Tj ET Q
q 0 0 0 rg BT 119.45 240.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 138.38 240.95 Td (derivatives ) Tj ET Q
q 0 0 0 rg BT 188.22 240.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 207.74 240.95 Td (relate ) Tj ET Q
q 0 0 0 rg BT 234.83 240.95 Td (specifically ) Tj ET Q
q 0 0 0 rg BT 286.99 240.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 298.93 240.95 Td (securities ) Tj ET Q
q 0 0 0 rg BT 342.36 240.95 Td (issued ) Tj ET Q
q 0 0 0 rg BT 372.38 240.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 386.65 240.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 412.00 240.95 Td (Mason. ) Tj ET Q
q 0 0 0 rg BT 446.98 240.95 Td (Over ) Tj ET Q
q 0 0 0 rg BT 471.74 240.95 Td (time, ) Tj ET Q
q 0 0 0 rg BT 496.80 240.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 514.57 240.95 Td (Board ) Tj ET Q
q 0 0 0 rg BT 544.00 240.95 Td (has ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 228.35 Td (strengthened ) Tj ET Q
q 0 0 0 rg BT 105.55 228.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 121.95 228.35 Td (policies ) Tj ET Q
q 0 0 0 rg BT 157.01 228.35 Td (relating ) Tj ET Q
q 0 0 0 rg BT 191.48 228.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 202.05 228.35 Td (hedging ) Tj ET Q
q 0 0 0 rg BT 238.28 228.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 255.84 228.35 Td (pledging ) Tj ET Q
q 0 0 0 rg BT 294.99 228.35 Td (involving ) Tj ET Q
q 0 0 0 rg BT 337.64 228.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 361.61 228.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 392.60 228.35 Td (securities, ) Tj ET Q
q 0 0 0 rg BT 437.28 228.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 447.85 228.35 Td (prohibit ) Tj ET Q
q 0 0 0 rg BT 483.50 228.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 526.13 228.35 Td (of) Tj ET Q
q 0 0 0 rg BT 534.68 228.35 Td (ficers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 215.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.04 215.75 Td (directors, ) Tj ET Q
q 0 0 0 rg BT 106.79 215.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.33 215.75 Td (their ) Tj ET Q
q 0 0 0 rg BT 143.96 215.75 Td (related ) Tj ET Q
q 0 0 0 rg BT 173.91 215.75 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 214.65 215.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 236.45 215.75 Td (pledging ) Tj ET Q
q 0 0 0 rg BT 274.58 215.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 297.54 215.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 327.51 215.75 Td (securities ) Tj ET Q
q 0 0 0 rg BT 368.54 215.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 378.67 215.75 Td (engaging ) Tj ET Q
q 0 0 0 rg BT 418.55 215.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 428.10 215.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 444.64 215.75 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 496.18 215.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 513.31 215.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 521.28 215.75 Td (fectively ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 203.15 Td (hedge ) Tj ET Q
q 0 0 0 rg BT 76.84 203.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 91.93 203.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 116.93 203.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 127.94 203.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 151.78 203.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 182.63 203.15 Td (securities. ) Tj ET Q
q 0 0 0 rg BT 227.01 203.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 245.60 203.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 273.53 203.15 Td (has, ) Tj ET Q
q 0 0 0 rg BT 292.41 203.15 Td (however) Tj ET Q
q 0 0 0 rg BT 328.14 203.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 333.03 203.15 Td (authorized ) Tj ET Q
q 0 0 0 rg BT 379.45 203.15 Td (T) Tj ET Q
q 0 0 0 rg BT 385.49 203.15 Td (rian, ) Tj ET Q
q 0 0 0 rg BT 406.71 203.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 418.88 203.15 Td (institutional ) Tj ET Q
q 0 0 0 rg BT 471.32 203.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 519.66 203.15 Td (manager) Tj ET Q
q 0 0 0 rg BT 555.38 203.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 190.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.18 190.55 Td (funds ) Tj ET Q
q 0 0 0 rg BT 93.04 190.55 Td (managed ) Tj ET Q
q 0 0 0 rg BT 133.46 190.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 146.30 190.55 Td (T) Tj ET Q
q 0 0 0 rg BT 152.35 190.55 Td (rian ) Tj ET Q
q 0 0 0 rg BT 171.19 190.55 Td (\(collectively) Tj ET Q
q 0 0 0 rg BT 222.99 190.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 228.14 190.55 Td (�T) Tj ET Q
q 0 0 0 rg BT 238.84 190.55 Td (rian ) Tj ET Q
q 0 0 0 rg BT 257.69 190.55 Td (Funds�\), ) Tj ET Q
q 0 0 0 rg BT 296.67 190.55 Td (af) Tj ET Q
q 0 0 0 rg BT 304.64 190.55 Td (filiated ) Tj ET Q
q 0 0 0 rg BT 336.90 190.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 358.09 190.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 374.61 190.55 Td (directors, ) Tj ET Q
q 0 0 0 rg BT 416.49 190.55 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 451.39 190.55 Td (Peltz ) Tj ET Q
q 0 0 0 rg BT 474.91 190.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 492.59 190.55 Td (Garden, ) Tj ET Q
q 0 0 0 rg BT 528.64 190.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 539.33 190.55 Td (hold ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 177.95 Td (shares ) Tj ET Q
q 0 0 0 rg BT 78.62 177.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 90.24 177.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 114.69 177.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 146.16 177.95 Td (common ) Tj ET Q
q 0 0 0 rg BT 185.78 177.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 210.82 177.95 Td (along ) Tj ET Q
q 0 0 0 rg BT 237.03 177.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 258.57 177.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 283.02 177.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 331.98 177.95 Td (securities ) Tj ET Q
q 0 0 0 rg BT 374.51 177.95 Td (owned ) Tj ET Q
q 0 0 0 rg BT 405.38 177.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 418.76 177.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 440.68 177.95 Td (T) Tj ET Q
q 0 0 0 rg BT 446.72 177.95 Td (rian ) Tj ET Q
q 0 0 0 rg BT 465.92 177.95 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 494.48 177.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 505.52 177.95 Td (commingled ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 165.35 Td (mar) Tj ET Q
q 0 0 0 rg BT 65.64 165.35 Td (gin ) Tj ET Q
q 0 0 0 rg BT 81.25 165.35 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 120.18 165.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 141.04 165.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 147.89 165.35 Td (prime ) Tj ET Q
q 0 0 0 rg BT 174.58 165.35 Td (broker) Tj ET Q
q 0 0 0 rg BT 201.56 165.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 206.38 165.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 234.24 165.35 Td (prime ) Tj ET Q
q 0 0 0 rg BT 260.93 165.35 Td (broker ) Tj ET Q
q 0 0 0 rg BT 290.52 165.35 Td (may ) Tj ET Q
q 0 0 0 rg BT 310.80 165.35 Td (extend ) Tj ET Q
q 0 0 0 rg BT 340.98 165.35 Td (mar) Tj ET Q
q 0 0 0 rg BT 357.11 165.35 Td (gin ) Tj ET Q
q 0 0 0 rg BT 372.73 165.35 Td (credit ) Tj ET Q
q 0 0 0 rg BT 398.82 165.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 409.19 165.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 430.47 165.35 Td (T) Tj ET Q
q 0 0 0 rg BT 436.51 165.35 Td (rian ) Tj ET Q
q 0 0 0 rg BT 455.03 165.35 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 482.90 165.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 505.51 165.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 526.37 165.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 536.73 165.35 Td (time, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 152.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 82.76 152.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 94.44 152.75 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 141.09 152.75 Td (federal ) Tj ET Q
q 0 0 0 rg BT 173.75 152.75 Td (mar) Tj ET Q
q 0 0 0 rg BT 189.89 152.75 Td (gin ) Tj ET Q
q 0 0 0 rg BT 206.82 152.75 Td (regulations, ) Tj ET Q
q 0 0 0 rg BT 259.61 152.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 285.29 152.75 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 328.44 152.75 Td (rules ) Tj ET Q
q 0 0 0 rg BT 352.37 152.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 371.04 152.75 Td (credit ) Tj ET Q
q 0 0 0 rg BT 398.46 152.75 Td (policies. ) Tj ET Q
q 0 0 0 rg BT 437.26 152.75 Td (None ) Tj ET Q
q 0 0 0 rg BT 463.51 152.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 475.77 152.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.12 152.75 Td (aforementioned ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 140.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 78.37 140.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 93.81 140.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 114.51 140.15 Td (directly ) Tj ET Q
q 0 0 0 rg BT 149.21 140.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 162.33 140.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 174.59 140.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 179.84 140.15 Td (Peltz ) Tj ET Q
q 0 0 0 rg BT 203.46 140.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 214.83 140.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 227.08 140.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 232.33 140.15 Td (Garden.) Tj ET Q
endstream
endobj
339 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 340 0 R>>
endobj
340 0 obj
<</Length 38999>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (167) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 116.89 741.90 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 169.07 741.90 Td (Report) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.97 729.30 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 132.78 729.30 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 182.59 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 194.48 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 210.45 729.30 Td (Board ) Tj ET Q
q 0 0 0 rg BT 239.26 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 251.15 729.30 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 293.37 729.30 Td (has ) Tj ET Q
q 0 0 0 rg BT 310.51 729.30 Td (reviewed ) Tj ET Q
q 0 0 0 rg BT 352.13 729.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 370.44 729.30 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 413.83 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 429.81 729.30 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 493.61 729.30 Td (Discussion ) Tj ET Q
q 0 0 0 rg BT 542.85 729.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (Analysis ) Tj ET Q
q 0 0 0 rg BT 90.02 716.70 Td (required ) Tj ET Q
q 0 0 0 rg BT 128.78 716.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 143.05 716.70 Td (Item ) Tj ET Q
q 0 0 0 rg BT 166.06 716.70 Td (402\(b\) ) Tj ET Q
q 0 0 0 rg BT 197.82 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 210.34 716.70 Td (Regulation ) Tj ET Q
q 0 0 0 rg BT 260.19 716.70 Td (S-K ) Tj ET Q
q 0 0 0 rg BT 280.88 716.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 303.32 716.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 360.73 716.70 Td (and, ) Tj ET Q
q 0 0 0 rg BT 382.29 716.70 Td (based ) Tj ET Q
q 0 0 0 rg BT 409.97 716.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 424.24 716.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 443.76 716.70 Td (review ) Tj ET Q
q 0 0 0 rg BT 476.10 716.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 495.03 716.70 Td (discussion, ) Tj ET Q
q 0 0 0 rg BT 545.18 716.70 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 112.61 704.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 161.71 704.10 Td (has ) Tj ET Q
q 0 0 0 rg BT 178.15 704.10 Td (recommended ) Tj ET Q
q 0 0 0 rg BT 240.06 704.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 250.67 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 265.94 704.10 Td (Board ) Tj ET Q
q 0 0 0 rg BT 294.05 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 305.23 704.10 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 346.75 704.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 364.93 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.20 704.10 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 443.31 704.10 Td (Discussion ) Tj ET Q
q 0 0 0 rg BT 491.84 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 508.90 704.10 Td (Analysis ) Tj ET Q
q 0 0 0 rg BT 548.10 704.10 Td (be ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 88.28 691.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 99.07 691.50 Td (this ) Tj ET Q
q 0 0 0 rg BT 116.29 691.50 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 149.83 691.50 Td (Report ) Tj ET Q
q 0 0 0 rg BT 181.03 691.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 194.16 691.50 Td (Form ) Tj ET Q
q 0 0 0 rg BT 219.53 691.50 Td (10-K ) Tj ET Q
q 0 0 0 rg BT 243.74 691.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 258.61 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.06 691.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 294.75 691.50 Td (ended ) Tj ET Q
q 0 0 0 rg BT 322.45 691.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 352.48 691.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 368.23 691.50 Td (2020.) Tj ET Q
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
378.5 621 m
556.5 621 l
s
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 381.00 670.68 Td (COMPENSA) Tj ET Q
q 0 0 0 rg BT 437.48 670.68 Td (TION COMMITTEE) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 381.00 655.67 Td (Alison ) Tj ET Q
q 0 0 0 rg BT 409.89 655.67 Td (A. Quirk, Chair) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 381.00 640.67 Td (Edward P) Tj ET Q
q 0 0 0 rg BT 419.61 640.67 Td (. Garden*) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 381.00 625.67 Td (John ) Tj ET Q
q 0 0 0 rg BT 402.30 625.67 Td (V) Tj ET Q
q 0 0 0 rg BT 408.79 625.67 Td (. Murphy) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 381.00 610.67 Td (*Mr) Tj ET Q
q 0 0 0 rg BT 397.67 610.67 Td (. Garden became a member of the) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 381.00 600.67 Td (Compensation Committee in May 2019) Tj ET Q
BT /F1 10.00 Tf ET
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 571.30 Td (Summary Compensation ) Tj ET Q
q 0 0 0 rg BT 163.65 571.30 Td (T) Tj ET Q
q 0 0 0 rg BT 169.69 571.30 Td (able) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.78 552.70 Td (following ) Tj ET Q
q 0 0 0 rg BT 110.58 552.70 Td (table ) Tj ET Q
q 0 0 0 rg BT 132.94 552.70 Td (summarizes ) Tj ET Q
q 0 0 0 rg BT 185.06 552.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.84 552.70 Td (total ) Tj ET Q
q 0 0 0 rg BT 220.47 552.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 280.75 552.70 Td (during ) Tj ET Q
q 0 0 0 rg BT 310.12 552.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.91 552.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 349.61 552.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 369.64 552.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 396.67 552.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 426.03 552.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 441.12 552.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 464.08 552.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 474.78 552.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 490.74 552.70 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 516.03 552.70 Td (Executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.10 Td (Of) Tj ET Q
q 0 0 0 rg BT 60.39 540.10 Td (ficer) Tj ET Q
q 0 0 0 rg BT 79.20 540.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 85.09 540.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 102.36 540.10 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 128.95 540.10 Td (Financial ) Tj ET Q
q 0 0 0 rg BT 171.29 540.10 Td (Of) Tj ET Q
q 0 0 0 rg BT 182.18 540.10 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 204.68 540.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 223.11 540.10 Td (each ) Tj ET Q
q 0 0 0 rg BT 245.61 540.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.62 540.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 274.89 540.10 Td (three ) Tj ET Q
q 0 0 0 rg BT 299.14 540.10 Td (other ) Tj ET Q
q 0 0 0 rg BT 323.98 540.10 Td (most ) Tj ET Q
q 0 0 0 rg BT 347.67 540.10 Td (highly ) Tj ET Q
q 0 0 0 rg BT 377.77 540.10 Td (compensated ) Tj ET Q
q 0 0 0 rg BT 435.85 540.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 479.35 540.10 Td (of) Tj ET Q
q 0 0 0 rg BT 487.90 540.10 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 514.49 540.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 545.17 540.10 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 74.85 527.50 Td (year) Tj ET Q
q 0 0 0 rg BT 92.34 527.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 97.39 527.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 116.32 527.50 Td (information ) Tj ET Q
q 0 0 0 rg BT 168.51 527.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 179.28 527.50 Td (this ) Tj ET Q
q 0 0 0 rg BT 197.07 527.50 Td (table ) Tj ET Q
q 0 0 0 rg BT 220.08 527.50 Td (dif) Tj ET Q
q 0 0 0 rg BT 231.56 527.50 Td (fers ) Tj ET Q
q 0 0 0 rg BT 249.91 527.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 272.93 527.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 288.37 527.50 Td (information ) Tj ET Q
q 0 0 0 rg BT 340.55 527.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 351.33 527.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 366.77 527.50 Td (table ) Tj ET Q
q 0 0 0 rg BT 389.79 527.50 Td (above ) Tj ET Q
q 0 0 0 rg BT 417.47 527.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 443.99 527.50 Td (�Compensation ) Tj ET Q
q 0 0 0 rg BT 511.92 527.50 Td (Discussion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.16 514.90 Td (Analysis-Determination ) Tj ET Q
q 0 0 0 rg BT 171.26 514.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 183.21 514.90 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 211.02 514.90 Td (Y) Tj ET Q
q 0 0 0 rg BT 217.55 514.90 Td (ear ) Tj ET Q
q 0 0 0 rg BT 233.58 514.90 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 257.55 514.90 Td (T) Tj ET Q
q 0 0 0 rg BT 263.23 514.90 Td (otal ) Tj ET Q
q 0 0 0 rg BT 282.18 514.90 Td (Direct ) Tj ET Q
q 0 0 0 rg BT 311.62 514.90 Td (Compensation� ) Tj ET Q
q 0 0 0 rg BT 380.15 514.90 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 422.43 514.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 433.80 514.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 452.75 514.90 Td (this ) Tj ET Q
q 0 0 0 rg BT 471.13 514.90 Td (table, ) Tj ET Q
q 0 0 0 rg BT 497.36 514.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 509.31 514.90 Td (required ) Tj ET Q
q 0 0 0 rg BT 547.50 514.90 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.30 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 71.85 502.30 Td (rules, ) Tj ET Q
q 0 0 0 rg BT 97.99 502.30 Td (includes ) Tj ET Q
q 0 0 0 rg BT 136.08 502.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 147.34 502.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 173.18 502.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 194.34 502.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 218.44 502.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.36 502.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 260.20 502.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 272.04 502.30 Td (equity ) Tj ET Q
q 0 0 0 rg BT 301.38 502.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 334.22 502.30 Td (made ) Tj ET Q
q 0 0 0 rg BT 360.05 502.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 371.32 502.30 Td (May ) Tj ET Q
q 0 0 0 rg BT 393.66 502.30 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 417.76 502.30 Td (\(during ) Tj ET Q
q 0 0 0 rg BT 451.76 502.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 477.60 502.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 498.77 502.30 Td (2020\) ) Tj ET Q
q 0 0 0 rg BT 526.36 502.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 545.20 502.30 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.70 Td (actually ) Tj ET Q
q 0 0 0 rg BT 85.24 489.70 Td (part ) Tj ET Q
q 0 0 0 rg BT 104.06 489.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 115.31 489.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 140.55 489.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 161.12 489.70 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 184.62 489.70 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 225.61 489.70 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 289.06 489.70 Td (rather ) Tj ET Q
q 0 0 0 rg BT 316.04 489.70 Td (than ) Tj ET Q
q 0 0 0 rg BT 336.62 489.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 351.95 489.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 377.19 489.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 388.44 489.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 420.68 489.70 Td (made ) Tj ET Q
q 0 0 0 rg BT 445.92 489.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 456.59 489.70 Td (May ) Tj ET Q
q 0 0 0 rg BT 478.34 489.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 501.84 489.70 Td (\(during ) Tj ET Q
q 0 0 0 rg BT 535.25 489.70 Td (fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 70.19 477.10 Td (2021\) ) Tj ET Q
q 0 0 0 rg BT 97.31 477.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 115.69 477.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 131.13 477.10 Td (actually ) Tj ET Q
q 0 0 0 rg BT 166.99 477.10 Td (part ) Tj ET Q
q 0 0 0 rg BT 185.94 477.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.31 477.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 222.67 477.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 243.37 477.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 266.99 477.10 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 308.10 477.10 Td (compensation.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 425.6 m
162.25 425.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 425.6 m
204.25 425.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 425.6 m
258.25 425.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 425.6 m
315.25 425.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 425.6 m
376.25 425.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 425.6 m
435.25 425.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 425.6 m
504.25 425.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 425.6 m
557.25 425.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 410.6 m
204.25 410.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 395.6 m
204.25 395.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 410.6 m
258.25 410.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 395.6 m
258.25 395.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 410.6 m
315.25 410.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 395.6 m
315.25 395.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 410.6 m
376.25 410.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 395.6 m
376.25 395.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 410.6 m
435.25 410.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 395.6 m
435.25 395.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 410.6 m
504.25 410.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 395.6 m
504.25 395.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 410.6 m
557.25 410.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 395.6 m
557.25 395.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 380.6 m
162.25 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 380.6 m
204.25 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 380.6 m
258.25 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 380.6 m
315.25 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 380.6 m
376.25 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 380.6 m
435.25 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 380.6 m
504.25 380.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 380.6 m
557.25 380.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 365.6 m
204.25 365.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 350.6 m
204.25 350.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 365.6 m
258.25 365.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 350.6 m
258.25 350.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 365.6 m
315.25 365.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 350.6 m
315.25 350.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 365.6 m
376.25 365.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 350.6 m
376.25 350.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 365.6 m
435.25 365.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 350.6 m
435.25 350.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 365.6 m
504.25 365.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 350.6 m
504.25 350.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 365.6 m
557.25 365.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 350.6 m
557.25 350.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 335.6 m
162.25 335.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 335.6 m
204.25 335.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 335.6 m
258.25 335.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 335.6 m
315.25 335.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 335.6 m
376.25 335.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 335.6 m
435.25 335.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 335.6 m
504.25 335.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 335.6 m
557.25 335.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 320.6 m
204.25 320.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 305.6 m
204.25 305.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 320.6 m
258.25 320.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 305.6 m
258.25 305.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 320.6 m
315.25 320.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 305.6 m
315.25 305.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 320.6 m
376.25 320.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 305.6 m
376.25 305.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 320.6 m
435.25 320.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 305.6 m
435.25 305.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 320.6 m
504.25 320.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 305.6 m
504.25 305.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 320.6 m
557.25 320.6 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 305.6 m
557.25 305.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 290.6 m
162.25 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 290.6 m
204.25 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 290.6 m
258.25 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 290.6 m
315.25 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 290.6 m
376.25 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 290.6 m
435.25 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 290.6 m
504.25 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 290.6 m
557.25 290.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 251.60000000000002 m
162.25 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 251.60000000000002 m
204.25 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 251.60000000000002 m
258.25 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 251.60000000000002 m
315.25 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 251.60000000000002 m
376.25 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 251.60000000000002 m
435.25 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 251.60000000000002 m
504.25 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 251.60000000000002 m
557.25 251.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 236.60000000000002 m
204.25 236.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 236.60000000000002 m
258.25 236.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 236.60000000000002 m
315.25 236.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 236.60000000000002 m
376.25 236.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 236.60000000000002 m
435.25 236.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 236.60000000000002 m
504.25 236.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 236.60000000000002 m
557.25 236.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 206.60000000000002 m
162.25 206.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 221.60000000000002 m
204.25 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 206.60000000000002 m
204.25 206.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 221.60000000000002 m
258.25 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 206.60000000000002 m
258.25 206.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 221.60000000000002 m
315.25 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 206.60000000000002 m
315.25 206.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 221.60000000000002 m
376.25 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 206.60000000000002 m
376.25 206.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 221.60000000000002 m
435.25 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 206.60000000000002 m
435.25 206.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 221.60000000000002 m
504.25 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 206.60000000000002 m
504.25 206.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 221.60000000000002 m
557.25 221.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 206.60000000000002 m
557.25 206.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 176.60000000000002 m
162.25 176.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 191.60000000000002 m
204.25 191.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 176.60000000000002 m
204.25 176.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 191.60000000000002 m
258.25 191.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 176.60000000000002 m
258.25 176.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 191.60000000000002 m
315.25 191.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 176.60000000000002 m
315.25 176.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 191.60000000000002 m
376.25 191.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 176.60000000000002 m
376.25 176.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 191.60000000000002 m
435.25 191.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 176.60000000000002 m
435.25 176.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 191.60000000000002 m
504.25 191.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 176.60000000000002 m
504.25 176.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 191.60000000000002 m
557.25 191.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 176.60000000000002 m
557.25 176.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 161.60000000000002 m
204.25 161.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 161.60000000000002 m
258.25 161.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 161.60000000000002 m
315.25 161.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 161.60000000000002 m
376.25 161.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 161.60000000000002 m
435.25 161.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 161.60000000000002 m
504.25 161.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 161.60000000000002 m
557.25 161.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 131.60000000000002 m
162.25 131.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 146.60000000000002 m
204.25 146.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
162.25 131.60000000000002 m
204.25 131.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 146.60000000000002 m
258.25 146.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
204.25 131.60000000000002 m
258.25 131.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 146.60000000000002 m
315.25 146.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
258.25 131.60000000000002 m
315.25 131.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 146.60000000000002 m
376.25 146.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
315.25 131.60000000000002 m
376.25 131.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 146.60000000000002 m
435.25 146.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
376.25 131.60000000000002 m
435.25 131.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 146.60000000000002 m
504.25 146.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
435.25 131.60000000000002 m
504.25 131.60000000000002 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 146.60000000000002 m
557.25 146.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
504.25 131.60000000000002 m
557.25 131.60000000000002 l
s
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.75 440.28 Td (Name and ) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.75 430.28 Td (Principal Position*) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 175.75 440.28 Td (Fiscal) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 180.90 430.28 Td (Y) Tj ET Q
q 0 0 0 rg BT 187.01 430.28 Td (ear) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 226.95 440.28 Td (Salary) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 240.55 430.28 Td ( \($\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 290.05 450.28 Td (Cash) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 282.55 440.28 Td ( Bonus ) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 284.90 430.28 Td (\($\)) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 296.56 434.81 Td (\(1\)\(2\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 348.85 450.28 Td (Stock) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 338.20 440.28 Td ( ) Tj ET Q
q 0 0 0 rg BT 340.15 440.28 Td (A) Tj ET Q
q 0 0 0 rg BT 346.63 440.28 Td (wards) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 351.00 430.28 Td ( \($\)) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 365.16 434.81 Td (\(3\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 401.70 450.28 Td (Option) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 397.20 440.28 Td ( ) Tj ET Q
q 0 0 0 rg BT 399.15 440.28 Td (A) Tj ET Q
q 0 0 0 rg BT 405.63 440.28 Td (wards) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 410.00 430.28 Td ( \($\)) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 424.16 434.81 Td (\(4\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 460.10 450.28 Td (All Other) Tj ET Q
q 0 0 0 rg BT 500.74 450.28 Td ( ) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 439.05 440.28 Td (Compensation ) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 481.50 430.28 Td (\($\)) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 493.16 434.81 Td (\(5\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 531.85 440.28 Td (T) Tj ET Q
q 0 0 0 rg BT 537.60 440.28 Td (otal) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 539.55 430.28 Td ( \($\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.75 415.28 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 83.15 415.28 Td (A. Sullivan) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 130.39 419.81 Td ( \(6\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 415.27 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 206.75 415.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 415.27 Td (500,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 260.75 415.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 415.27 Td (2,490,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 317.75 415.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 415.27 Td (5,246,904) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 378.75 415.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 415.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 437.75 415.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 467.90 415.27 Td (483,083) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 506.75 415.27 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 415.27 Td (8,719,987) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.75 400.27 Td (Chief Executive Of) Tj ET Q
q 0 0 0 rg BT 129.41 400.27 Td (ficer) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 400.27 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 400.27 Td (500,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 400.27 Td (3,400,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 400.27 Td (5,732,643) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 400.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 467.90 400.27 Td (319,627) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 400.27 Td (9,952,270) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 385.27 Td (2018) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 385.27 Td (500,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 385.27 Td (4,000,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 385.27 Td (3,320,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 391.35 385.27 Td (1,660,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 467.90 385.27 Td (194,250) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 385.27 Td (9,674,250) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.75 370.28 Td (Peter) Tj ET Q
q 0 0 0 rg BT 74.32 370.28 Td ( H. Nachtwey) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 370.27 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 370.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 370.27 Td (1,406,250) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 370.27 Td (1,556,076) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 370.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 467.90 370.27 Td (108,622) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 370.27 Td (3,420,948) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.75 355.27 Td (Chief Financial Of) Tj ET Q
q 0 0 0 rg BT 126.64 355.27 Td (ficer) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 355.27 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 355.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 355.27 Td (1,512,500) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 355.27 Td (1,552,581) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 355.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 355.27 Td (85,364) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 355.27 Td (3,500,445) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 340.27 Td (2018) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 340.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 340.27 Td (1,625,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 339.90 340.27 Td (953,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 398.90 340.27 Td (476,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 340.27 Td (61,186) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 340.27 Td (3,465,186) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.75 325.28 Td (T) Tj ET Q
q 0 0 0 rg BT 57.50 325.28 Td (er) Tj ET Q
q 0 0 0 rg BT 66.20 325.28 Td (ence ) Tj ET Q
q 0 0 0 rg BT 87.02 325.28 Td (A. Johnson ) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 137.32 329.81 Td (\(7\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 325.27 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 325.27 Td (285,975) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 325.27 Td (1,200,870) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 325.27 Td (1,251,298) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 325.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 325.27 Td (89,632) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 325.27 Td (2,827,775) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.75 310.27 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 94.14 310.27 Td (V) Tj ET Q
q 0 0 0 rg BT 100.97 310.27 Td (ice President) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 310.27 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 310.27 Td (279,423) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 310.27 Td (1,218,146) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 362.40 310.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 310.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 310.27 Td (82,802) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 310.27 Td (1,580,371) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 295.27 Td (2018) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 295.27 Td (273,694) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 301.40 295.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 295.27 Td (1,1) Tj ET Q
q 0 0 0 rg BT 344.85 295.27 Td (1) Tj ET Q
q 0 0 0 rg BT 349.85 295.27 Td (1,120) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 398.90 295.27 Td (555,560) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 295.27 Td (91,036) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 295.27 Td (2,031,410) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.75 280.28 Td (Patricia Lattin ) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 117.29 284.81 Td (\(6\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 280.27 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 280.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 278.90 280.27 Td (416,250) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 339.90 280.27 Td (437,226) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 280.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 280.27 Td (42,387) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 280.27 Td (1,245,863) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.75 266.17 Td (Chief Human Resources) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.75 256.17 Td (Of) Tj ET Q
q 0 0 0 rg BT 62.21 256.17 Td (ficer) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.75 241.28 Td (Thomas C. Mer) Tj ET Q
q 0 0 0 rg BT 119.06 241.28 Td (chant) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 142.95 245.81 Td ( \(6\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 241.27 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 241.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 278.90 241.27 Td (810,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 339.90 241.27 Td (882,192) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 241.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 241.27 Td (72,142) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 241.27 Td (2,1) Tj ET Q
q 0 0 0 rg BT 525.85 241.27 Td (14,334) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.75 226.27 Td (General Counsel) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 226.27 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 226.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 278.90 226.27 Td (857,500) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 339.90 226.27 Td (876,624) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 226.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 226.27 Td (52,621) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 226.27 Td (2,136,745) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 211.27 Td (2018) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 211.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 278.90 211.27 Td (917,500) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 339.90 211.27 Td (500,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 398.90 211.27 Td (250,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 211.27 Td (36,527) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 211.27 Td (2,054,027) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.75 196.28 Td (Frances L. Cashman ) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 142.86 200.81 Td (\(8\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 196.27 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 196.27 Td (263,826) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 301.40 196.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 196.27 Td (2,767,053) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 403.90 196.27 Td (88,126) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.40 196.27 Td (2,174,737) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 196.27 Td (5,293,742) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.75 181.27 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 94.14 181.27 Td (V) Tj ET Q
q 0 0 0 rg BT 100.97 181.27 Td (ice President) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 181.27 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 181.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 278.90 181.27 Td (837,500) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 339.90 181.27 Td (879,015) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 181.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 181.27 Td (65,589) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 181.27 Td (2,132,104) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.75 166.28 Td (Thomas K. Hoops ) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 131.21 170.81 Td (\(6\)\(9\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 166.27 Td (2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 166.27 Td (263,826) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 301.40 166.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 166.27 Td (3,699,1) Tj ET Q
q 0 0 0 rg BT 362.35 166.27 Td (15) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 398.90 166.27 Td (490,822) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 460.40 166.27 Td (2,657,246) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 166.27 Td (7,1) Tj ET Q
q 0 0 0 rg BT 525.85 166.27 Td (1) Tj ET Q
q 0 0 0 rg BT 530.85 166.27 Td (1,009) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.75 151.27 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 94.05 151.27 Td (V) Tj ET Q
q 0 0 0 rg BT 100.67 151.27 Td (ice President) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 151.27 Td (2019) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 151.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 151.27 Td (1,195,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 332.35 151.27 Td (1,265,965) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 421.40 151.27 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 151.27 Td (57,458) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 151.27 Td (2,868,423) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 180.75 136.27 Td (2018) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 221.90 136.27 Td (350,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 271.35 136.27 Td (1,325,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 339.90 136.27 Td (780,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 398.90 136.27 Td (390,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 472.90 136.27 Td (44,618) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.35 136.27 Td (2,889,618) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 112.90 Td (* ) Tj ET Q
q 0 0 0 rg BT 55.50 112.90 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 69.73 112.90 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 101.50 112.90 Td (first ) Tj ET Q
q 0 0 0 rg BT 116.39 112.90 Td (became ) Tj ET Q
q 0 0 0 rg BT 142.81 112.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 148.36 112.90 Td (named ) Tj ET Q
q 0 0 0 rg BT 171.69 112.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 204.34 112.90 Td (of) Tj ET Q
q 0 0 0 rg BT 210.86 112.90 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 227.51 112.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 235.73 112.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 255.05 112.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 270.82 112.90 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 290.82 112.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 292.82 112.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 294.82 112.90 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 309.05 112.90 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 330.15 112.90 Td (first ) Tj ET Q
q 0 0 0 rg BT 345.04 112.90 Td (became ) Tj ET Q
q 0 0 0 rg BT 371.46 112.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 377.02 112.90 Td (named ) Tj ET Q
q 0 0 0 rg BT 400.34 112.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 432.99 112.90 Td (of) Tj ET Q
q 0 0 0 rg BT 439.51 112.90 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 456.16 112.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 464.38 112.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 483.71 112.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 499.47 112.90 Td (2020. ) Tj ET Q
endstream
endobj
341 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 342 0 R>>
endobj
342 0 obj
<</Length 61702>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (168) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 742.10 Td (\(1\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 742.10 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 742.10 Td (Represents ) Tj ET Q
q 0 0 0 rg BT 104.85 742.10 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 136.42 742.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 161.33 742.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 169.80 742.10 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 189.38 742.10 Td (years ) Tj ET Q
q 0 0 0 rg BT 208.50 742.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 228.75 742.10 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 247.00 742.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 260.80 742.10 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 281.05 742.10 Td (See ) Tj ET Q
q 0 0 0 rg BT 294.86 742.10 Td (�Compensation ) Tj ET Q
q 0 0 0 rg BT 346.88 742.10 Td (Discussion ) Tj ET Q
q 0 0 0 rg BT 384.24 742.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 397.54 742.10 Td (Analysis-Determination ) Tj ET Q
q 0 0 0 rg BT 476.66 742.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 485.58 742.10 Td (Fiscal ) Tj ET Q
q 0 0 0 rg BT 506.60 742.10 Td (Y) Tj ET Q
q 0 0 0 rg BT 511.58 742.10 Td (ear ) Tj ET Q
q 0 0 0 rg BT 523.60 742.10 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 541.68 742.10 Td (T) Tj ET Q
q 0 0 0 rg BT 546.01 742.10 Td (otal ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 732.50 Td (Direct ) Tj ET Q
q 0 0 0 rg BT 89.49 732.50 Td (Compensation� ) Tj ET Q
q 0 0 0 rg BT 141.26 732.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 152.59 732.50 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 187.92 732.50 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 220.57 732.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 232.35 732.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 251.67 732.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 267.44 732.50 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 285.44 732.50 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 316.76 732.50 Td (awards.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 720.50 Td (\(2\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 720.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 720.50 Td (Does ) Tj ET Q
q 0 0 0 rg BT 86.32 720.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 98.91 720.50 Td (include ) Tj ET Q
q 0 0 0 rg BT 124.84 720.50 Td ($5,810,000, ) Tj ET Q
q 0 0 0 rg BT 165.21 720.50 Td ($1,718,750, ) Tj ET Q
q 0 0 0 rg BT 205.59 720.50 Td ($1,467,730, ) Tj ET Q
q 0 0 0 rg BT 245.96 720.50 Td ($990,000, ) Tj ET Q
q 0 0 0 rg BT 280.34 720.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 294.26 720.50 Td ($508,750 ) Tj ET Q
q 0 0 0 rg BT 326.64 720.50 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 356.11 720.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 365.14 720.50 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 396.84 720.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 443.65 720.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 455.35 720.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 475.05 720.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 491.19 720.50 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 509.57 720.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 523.49 720.50 Td (paid ) Tj ET Q
q 0 0 0 rg BT 539.64 720.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 548.24 720.50 Td (the ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 710.90 Td (form ) Tj ET Q
q 0 0 0 rg BT 85.05 710.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.71 710.90 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 122.36 710.90 Td (cash ) Tj ET Q
q 0 0 0 rg BT 138.57 710.90 Td (unit ) Tj ET Q
q 0 0 0 rg BT 153.02 710.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 177.68 710.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 185.90 710.90 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 212.57 710.90 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 243.23 710.90 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 275.14 710.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 279.14 710.90 Td (Johnson ) Tj ET Q
q 0 0 0 rg BT 307.37 710.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 320.92 710.90 Td (Merchant, ) Tj ET Q
q 0 0 0 rg BT 355.57 710.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 369.13 710.90 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 383.35 710.90 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 404.46 710.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 442.59 710.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 446.59 710.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 456.59 710.90 Td (May ) Tj ET Q
q 0 0 0 rg BT 473.25 710.90 Td (15, ) Tj ET Q
q 0 0 0 rg BT 485.25 710.90 Td (2020. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 698.90 Td (\(3\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 698.90 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 698.90 Td (Represents ) Tj ET Q
q 0 0 0 rg BT 103.77 698.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.71 698.90 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 146.97 698.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 159.23 698.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 177.73 698.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 185.56 698.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 216.49 698.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 234.54 698.90 Td (unit ) Tj ET Q
q 0 0 0 rg BT 248.15 698.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 271.97 698.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 284.69 698.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 326.28 698.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 344.32 698.90 Td (unit ) Tj ET Q
q 0 0 0 rg BT 357.94 698.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 381.76 698.90 Td (made ) Tj ET Q
q 0 0 0 rg BT 400.25 698.90 Td (during ) Tj ET Q
q 0 0 0 rg BT 422.30 698.90 Td (each ) Tj ET Q
q 0 0 0 rg BT 438.12 698.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 456.61 698.90 Td (year) Tj ET Q
q 0 0 0 rg BT 470.06 698.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 473.23 698.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 481.06 698.90 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 514.65 698.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 522.04 698.90 Td (accordance ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 689.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 83.87 689.30 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 121.12 689.30 Td (guidance ) Tj ET Q
q 0 0 0 rg BT 152.14 689.30 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 187.16 689.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 198.64 689.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 210.56 689.30 Td (type ) Tj ET Q
q 0 0 0 rg BT 226.48 689.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 235.29 689.30 Td (award. ) Tj ET Q
q 0 0 0 rg BT 258.98 689.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 272.25 689.30 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 304.16 689.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 323.19 689.30 Td (unit ) Tj ET Q
q 0 0 0 rg BT 337.79 689.30 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 364.59 689.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 383.18 689.30 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 407.18 689.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 412.44 689.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 431.47 689.30 Td (price ) Tj ET Q
q 0 0 0 rg BT 449.61 689.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 457.09 689.30 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 491.66 689.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 500.48 689.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.40 689.30 Td (average ) Tj ET Q
q 0 0 0 rg BT 539.41 689.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.23 689.30 Td (the ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 679.70 Td (high ) Tj ET Q
q 0 0 0 rg BT 83.49 679.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 96.81 679.70 Td (low ) Tj ET Q
q 0 0 0 rg BT 110.58 679.70 Td (trading ) Tj ET Q
q 0 0 0 rg BT 135.01 679.70 Td (prices ) Tj ET Q
q 0 0 0 rg BT 155.88 679.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.31 679.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 176.74 679.70 Td (common ) Tj ET Q
q 0 0 0 rg BT 206.51 679.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 225.16 679.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 234.93 679.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 246.47 679.70 Td (NYSE ) Tj ET Q
q 0 0 0 rg BT 269.13 679.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 278.90 679.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 290.44 679.70 Td (grant ) Tj ET Q
q 0 0 0 rg BT 308.65 679.70 Td (date. ) Tj ET Q
q 0 0 0 rg BT 325.74 679.70 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 368.38 679.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 387.03 679.70 Td (unit ) Tj ET Q
q 0 0 0 rg BT 401.24 679.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 425.66 679.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 437.20 679.70 Td (valued ) Tj ET Q
q 0 0 0 rg BT 460.29 679.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 471.39 679.70 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 501.60 679.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 510.03 679.70 Td (this ) Tj ET Q
q 0 0 0 rg BT 523.36 679.70 Td (table ) Tj ET Q
q 0 0 0 rg BT 540.67 679.70 Td (using ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 670.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 73.00 670.10 Td (Monte-Carlo ) Tj ET Q
q 0 0 0 rg BT 116.27 670.10 Td (simulation ) Tj ET Q
q 0 0 0 rg BT 152.00 670.10 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 176.61 670.10 Td (model. ) Tj ET Q
q 0 0 0 rg BT 200.41 670.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 214.80 670.10 Td (amount ) Tj ET Q
q 0 0 0 rg BT 240.75 670.10 Td (reported ) Tj ET Q
q 0 0 0 rg BT 269.35 670.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 280.63 670.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 322.99 670.10 Td (share ) Tj ET Q
q 0 0 0 rg BT 341.82 670.10 Td (units ) Tj ET Q
q 0 0 0 rg BT 359.33 670.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 367.50 670.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.22 670.10 Td (table ) Tj ET Q
q 0 0 0 rg BT 396.72 670.10 Td (represents ) Tj ET Q
q 0 0 0 rg BT 431.10 670.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 442.82 670.10 Td (grant ) Tj ET Q
q 0 0 0 rg BT 461.21 670.10 Td (date ) Tj ET Q
q 0 0 0 rg BT 476.48 670.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 489.53 670.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 508.80 670.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 517.42 670.10 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 551.79 670.10 Td (in ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 660.50 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 104.64 660.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 120.03 660.50 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 156.30 660.50 Td (guidance. ) Tj ET Q
q 0 0 0 rg BT 188.26 660.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 201.86 660.50 Td (potential ) Tj ET Q
q 0 0 0 rg BT 231.02 660.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 249.52 660.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.35 660.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 268.29 660.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 284.12 660.50 Td (15, ) Tj ET Q
q 0 0 0 rg BT 295.29 660.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 312.46 660.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 354.05 660.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 372.10 660.50 Td (unit ) Tj ET Q
q 0 0 0 rg BT 385.71 660.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 409.54 660.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 416.93 660.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 425.65 660.50 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 461.04 660.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 468.43 660.50 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 494.26 660.50 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 524.10 660.50 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 556.01 660.50 Td (, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 650.90 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 97.12 650.90 Td (Merchant, ) Tj ET Q
q 0 0 0 rg BT 131.17 650.90 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 153.46 650.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 166.41 650.90 Td (Mmes. ) Tj ET Q
q 0 0 0 rg BT 189.80 650.90 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 210.30 650.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 223.25 650.90 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 254.42 650.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 261.15 650.90 Td ($3,825,000, ) Tj ET Q
q 0 0 0 rg BT 300.55 650.90 Td ($1,134,375, ) Tj ET Q
q 0 0 0 rg BT 339.95 650.90 Td ($912,189, ) Tj ET Q
q 0 0 0 rg BT 373.34 650.90 Td ($643,125, ) Tj ET Q
q 0 0 0 rg BT 406.74 650.90 Td ($896,250, ) Tj ET Q
q 0 0 0 rg BT 440.14 650.90 Td ($318,750 ) Tj ET Q
q 0 0 0 rg BT 471.53 650.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 484.48 650.90 Td ($628,125, ) Tj ET Q
q 0 0 0 rg BT 517.88 650.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 556.01 650.90 Td (, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 641.30 Td (if ) Tj ET Q
q 0 0 0 rg BT 74.14 641.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 85.67 641.30 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 119.87 641.30 Td (amount ) Tj ET Q
q 0 0 0 rg BT 145.63 641.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 152.72 641.30 Td (earned. ) Tj ET Q
q 0 0 0 rg BT 177.66 641.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 191.86 641.30 Td (potential ) Tj ET Q
q 0 0 0 rg BT 221.61 641.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 240.69 641.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 249.11 641.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 260.64 641.30 Td (May ) Tj ET Q
q 0 0 0 rg BT 277.06 641.30 Td (15, ) Tj ET Q
q 0 0 0 rg BT 288.82 641.30 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 306.57 641.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 348.75 641.30 Td (share ) Tj ET Q
q 0 0 0 rg BT 367.38 641.30 Td (unit ) Tj ET Q
q 0 0 0 rg BT 381.59 641.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 406.00 641.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 413.98 641.30 Td (be ) Tj ET Q
q 0 0 0 rg BT 423.29 641.30 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 459.26 641.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 467.24 641.30 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 493.67 641.30 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 524.09 641.30 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 556.00 641.30 Td (, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 631.70 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 98.00 631.70 Td (Merchant, ) Tj ET Q
q 0 0 0 rg BT 132.92 631.70 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 156.08 631.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 169.90 631.70 Td (Mmes. ) Tj ET Q
q 0 0 0 rg BT 194.17 631.70 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 215.54 631.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 229.36 631.70 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 261.41 631.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 269.01 631.70 Td ($4,500,000, ) Tj ET Q
q 0 0 0 rg BT 309.28 631.70 Td ($1,218,750, ) Tj ET Q
q 0 0 0 rg BT 349.55 631.70 Td ($0, ) Tj ET Q
q 0 0 0 rg BT 361.82 631.70 Td ($688,125, ) Tj ET Q
q 0 0 0 rg BT 396.09 631.70 Td ($993,750, ) Tj ET Q
q 0 0 0 rg BT 430.36 631.70 Td ($341,250 ) Tj ET Q
q 0 0 0 rg BT 462.63 631.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 476.45 631.70 Td ($690,000, ) Tj ET Q
q 0 0 0 rg BT 510.72 631.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 548.85 631.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 553.12 631.70 Td (if ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 622.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.23 622.10 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 113.64 622.10 Td (amount ) Tj ET Q
q 0 0 0 rg BT 139.59 622.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 146.89 622.10 Td (earned. ) Tj ET Q
q 0 0 0 rg BT 172.17 622.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 173.99 622.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 188.39 622.10 Td (potential ) Tj ET Q
q 0 0 0 rg BT 218.34 622.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 237.62 622.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 246.25 622.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.98 622.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 274.61 622.10 Td (15, ) Tj ET Q
q 0 0 0 rg BT 286.57 622.10 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 304.53 622.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 346.91 622.10 Td (share ) Tj ET Q
q 0 0 0 rg BT 365.75 622.10 Td (unit ) Tj ET Q
q 0 0 0 rg BT 380.16 622.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 404.77 622.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 412.96 622.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 422.47 622.10 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 458.65 622.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 466.83 622.10 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 493.46 622.10 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 524.09 622.10 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 556.00 622.10 Td (, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 612.50 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 97.49 612.50 Td (Merchant, ) Tj ET Q
q 0 0 0 rg BT 131.91 612.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 145.23 612.50 Td (Hoops, ) Tj ET Q
q 0 0 0 rg BT 169.88 612.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 176.98 612.50 Td ($2,490,000, ) Tj ET Q
q 0 0 0 rg BT 216.75 612.50 Td ($714,000, ) Tj ET Q
q 0 0 0 rg BT 250.52 612.50 Td ($833,340, ) Tj ET Q
q 0 0 0 rg BT 284.28 612.50 Td ($375,000 ) Tj ET Q
q 0 0 0 rg BT 316.05 612.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 329.36 612.50 Td ($585,000, ) Tj ET Q
q 0 0 0 rg BT 363.13 612.50 Td (respectively) Tj ET Q
q 0 0 0 rg BT 401.26 612.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 405.02 612.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 411.68 612.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 423.21 612.50 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 457.42 612.50 Td (amount ) Tj ET Q
q 0 0 0 rg BT 483.18 612.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 490.29 612.50 Td (earned. ) Tj ET Q
q 0 0 0 rg BT 515.37 612.50 Td (No ) Tj ET Q
q 0 0 0 rg BT 526.91 612.50 Td (assurance ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 602.90 Td (can ) Tj ET Q
q 0 0 0 rg BT 80.41 602.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 89.76 602.90 Td (given ) Tj ET Q
q 0 0 0 rg BT 109.34 602.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.81 602.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.39 602.90 Td (number ) Tj ET Q
q 0 0 0 rg BT 155.63 602.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.10 602.90 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 187.89 602.90 Td (if ) Tj ET Q
q 0 0 0 rg BT 194.59 602.90 Td (any) Tj ET Q
q 0 0 0 rg BT 205.62 602.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 209.42 602.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 223.22 602.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 237.47 602.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 246.83 602.90 Td (earned ) Tj ET Q
q 0 0 0 rg BT 269.95 602.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 283.30 602.90 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 319.33 602.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 326.91 602.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.48 602.90 Td (end ) Tj ET Q
q 0 0 0 rg BT 351.84 602.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.31 602.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 365.66 602.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 407.89 602.90 Td (period ) Tj ET Q
q 0 0 0 rg BT 430.13 602.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 441.26 602.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 454.62 602.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 496.84 602.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 515.52 602.90 Td (units. ) Tj ET Q
q 0 0 0 rg BT 534.89 602.90 Td (See ) Tj ET Q
q 0 0 0 rg BT 548.24 602.90 Td (the ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 593.30 Td (�Stock-Based ) Tj ET Q
q 0 0 0 rg BT 113.54 593.30 Td (Compensation� ) Tj ET Q
q 0 0 0 rg BT 165.36 593.30 Td (footnote ) Tj ET Q
q 0 0 0 rg BT 194.07 593.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 202.34 593.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 215.06 593.30 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 257.54 593.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 287.58 593.30 Td (statements ) Tj ET Q
q 0 0 0 rg BT 323.40 593.30 Td (included ) Tj ET Q
q 0 0 0 rg BT 353.00 593.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 361.27 593.30 Td (this ) Tj ET Q
q 0 0 0 rg BT 374.43 593.30 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 400.03 593.30 Td (Report ) Tj ET Q
q 0 0 0 rg BT 423.85 593.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 433.90 593.30 Td (Form ) Tj ET Q
q 0 0 0 rg BT 453.29 593.30 Td (10-K ) Tj ET Q
q 0 0 0 rg BT 471.78 593.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 483.16 593.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 494.98 593.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 514.36 593.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 530.18 593.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 538.45 593.30 Td (which ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 583.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.17 583.70 Td (award ) Tj ET Q
q 0 0 0 rg BT 100.60 583.70 Td (was ) Tj ET Q
q 0 0 0 rg BT 114.93 583.70 Td (made ) Tj ET Q
q 0 0 0 rg BT 134.15 583.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 145.37 583.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 150.81 583.70 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 186.04 583.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 194.59 583.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 206.26 583.70 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 247.71 583.70 Td (used ) Tj ET Q
q 0 0 0 rg BT 264.26 583.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 272.38 583.70 Td (estimating ) Tj ET Q
q 0 0 0 rg BT 307.60 583.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 319.26 583.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 338.48 583.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 347.04 583.70 Td (each ) Tj ET Q
q 0 0 0 rg BT 363.58 583.70 Td (award. ) Tj ET Q
q 0 0 0 rg BT 386.60 583.70 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 417.82 583.70 Td (reported ) Tj ET Q
q 0 0 0 rg BT 446.37 583.70 Td (may ) Tj ET Q
q 0 0 0 rg BT 462.03 583.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 474.15 583.70 Td (represent ) Tj ET Q
q 0 0 0 rg BT 505.35 583.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.02 583.70 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 546.02 583.70 Td (that ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 574.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.42 574.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 102.90 574.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 135.70 574.10 Td (of) Tj ET Q
q 0 0 0 rg BT 142.22 574.10 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 162.14 574.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 176.73 574.10 Td (actually ) Tj ET Q
q 0 0 0 rg BT 204.21 574.10 Td (realize ) Tj ET Q
q 0 0 0 rg BT 227.67 574.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 245.37 574.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.30 574.10 Td (awards. ) Tj ET Q
q 0 0 0 rg BT 283.95 574.10 Td (Whether) Tj ET Q
q 0 0 0 rg BT 311.17 574.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 315.32 574.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 329.02 574.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 337.39 574.10 Td (what ) Tj ET Q
q 0 0 0 rg BT 355.10 574.10 Td (extent, ) Tj ET Q
q 0 0 0 rg BT 378.79 574.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 384.50 574.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 407.97 574.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 440.77 574.10 Td (of) Tj ET Q
q 0 0 0 rg BT 447.29 574.10 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 464.10 574.10 Td (realizes ) Tj ET Q
q 0 0 0 rg BT 490.67 574.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 510.15 574.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 524.75 574.10 Td (depend ) Tj ET Q
q 0 0 0 rg BT 550.00 574.10 Td (on ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 564.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 85.94 564.50 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 109.94 564.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 115.05 564.50 Td (actual ) Tj ET Q
q 0 0 0 rg BT 136.15 564.50 Td (operating ) Tj ET Q
q 0 0 0 rg BT 168.36 564.50 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 212.78 564.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 231.66 564.50 Td (price ) Tj ET Q
q 0 0 0 rg BT 249.65 564.50 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 289.42 564.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 302.97 564.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 314.75 564.50 Td (named ) Tj ET Q
q 0 0 0 rg BT 338.07 564.50 Td (executive ) Tj ET Q
q 0 0 0 rg BT 370.72 564.50 Td (of) Tj ET Q
q 0 0 0 rg BT 377.24 564.50 Td (ficer) Tj ET Q
q 0 0 0 rg BT 392.19 564.50 Td (�) Tj ET Q
q 0 0 0 rg BT 394.41 564.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 399.52 564.50 Td (continued ) Tj ET Q
q 0 0 0 rg BT 433.07 564.50 Td (employment.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 552.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 51.50 552.50 Td (\(4\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.83 552.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 552.50 Td (Represents ) Tj ET Q
q 0 0 0 rg BT 104.21 552.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 115.59 552.50 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 148.29 552.50 Td (grant ) Tj ET Q
q 0 0 0 rg BT 166.33 552.50 Td (date ) Tj ET Q
q 0 0 0 rg BT 181.26 552.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 193.97 552.50 Td (value, ) Tj ET Q
q 0 0 0 rg BT 214.90 552.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 223.18 552.50 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 257.21 552.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 265.04 552.50 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 302.61 552.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 318.44 552.50 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 355.15 552.50 Td (guidance, ) Tj ET Q
q 0 0 0 rg BT 387.63 552.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.90 552.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 414.39 552.50 Td (options ) Tj ET Q
q 0 0 0 rg BT 439.56 552.50 Td (granted ) Tj ET Q
q 0 0 0 rg BT 465.16 552.50 Td (during ) Tj ET Q
q 0 0 0 rg BT 487.65 552.50 Td (each ) Tj ET Q
q 0 0 0 rg BT 503.91 552.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 522.84 552.50 Td (year) Tj ET Q
q 0 0 0 rg BT 536.17 552.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 539.77 552.50 Td (Stock ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 542.90 Td (option ) Tj ET Q
q 0 0 0 rg BT 89.95 542.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 114.60 542.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 126.37 542.90 Td (valued ) Tj ET Q
q 0 0 0 rg BT 149.69 542.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 161.02 542.90 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 191.46 542.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 200.13 542.90 Td (this ) Tj ET Q
q 0 0 0 rg BT 213.68 542.90 Td (table ) Tj ET Q
q 0 0 0 rg BT 231.23 542.90 Td (using ) Tj ET Q
q 0 0 0 rg BT 250.57 542.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 262.34 542.90 Td (Black-Scholes ) Tj ET Q
q 0 0 0 rg BT 310.55 542.90 Td (option ) Tj ET Q
q 0 0 0 rg BT 333.00 542.90 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 357.66 542.90 Td (model.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 530.90 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.50 530.90 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 530.90 Td (See ) Tj ET Q
q 0 0 0 rg BT 80.93 530.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.57 530.90 Td (�Stock-Based ) Tj ET Q
q 0 0 0 rg BT 138.44 530.90 Td (Compensation� ) Tj ET Q
q 0 0 0 rg BT 190.08 530.90 Td (footnote ) Tj ET Q
q 0 0 0 rg BT 218.62 530.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 226.71 530.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 239.25 530.90 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 281.56 530.90 Td (financial ) Tj ET Q
q 0 0 0 rg BT 311.42 530.90 Td (statements ) Tj ET Q
q 0 0 0 rg BT 347.07 530.90 Td (included ) Tj ET Q
q 0 0 0 rg BT 376.49 530.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 384.59 530.90 Td (this ) Tj ET Q
q 0 0 0 rg BT 397.61 530.90 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 423.03 530.90 Td (Report ) Tj ET Q
q 0 0 0 rg BT 446.68 530.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 456.56 530.90 Td (Form ) Tj ET Q
q 0 0 0 rg BT 475.77 530.90 Td (10-K ) Tj ET Q
q 0 0 0 rg BT 494.08 530.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 505.29 530.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 516.93 530.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 536.13 530.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 551.77 530.90 Td (in ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 521.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 88.64 521.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.00 521.30 Td (award ) Tj ET Q
q 0 0 0 rg BT 121.13 521.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 135.15 521.30 Td (made ) Tj ET Q
q 0 0 0 rg BT 154.06 521.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 164.98 521.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 170.11 521.30 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 205.04 521.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 213.29 521.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 224.64 521.30 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 265.79 521.30 Td (used ) Tj ET Q
q 0 0 0 rg BT 282.04 521.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 289.85 521.30 Td (estimating ) Tj ET Q
q 0 0 0 rg BT 324.76 521.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 336.12 521.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 355.03 521.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 363.28 521.30 Td (each ) Tj ET Q
q 0 0 0 rg BT 379.52 521.30 Td (award. ) Tj ET Q
q 0 0 0 rg BT 402.30 521.30 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 433.22 521.30 Td (reported ) Tj ET Q
q 0 0 0 rg BT 461.46 521.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 476.82 521.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 488.63 521.30 Td (represent ) Tj ET Q
q 0 0 0 rg BT 519.53 521.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 530.89 521.30 Td (amounts ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 511.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 81.47 511.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.22 511.70 Td (named ) Tj ET Q
q 0 0 0 rg BT 116.53 511.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 149.15 511.70 Td (of) Tj ET Q
q 0 0 0 rg BT 155.67 511.70 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 175.42 511.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 189.84 511.70 Td (actually ) Tj ET Q
q 0 0 0 rg BT 217.14 511.70 Td (realize ) Tj ET Q
q 0 0 0 rg BT 240.43 511.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 257.95 511.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 269.71 511.70 Td (awards. ) Tj ET Q
q 0 0 0 rg BT 296.20 511.70 Td (Whether) Tj ET Q
q 0 0 0 rg BT 323.41 511.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 327.39 511.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 340.92 511.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 349.12 511.70 Td (what ) Tj ET Q
q 0 0 0 rg BT 366.65 511.70 Td (extent, ) Tj ET Q
q 0 0 0 rg BT 390.17 511.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 395.70 511.70 Td (named ) Tj ET Q
q 0 0 0 rg BT 419.00 511.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 451.63 511.70 Td (of) Tj ET Q
q 0 0 0 rg BT 458.15 511.70 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 474.78 511.70 Td (realizes ) Tj ET Q
q 0 0 0 rg BT 501.18 511.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 520.48 511.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 534.91 511.70 Td (depend ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 502.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 77.50 502.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 95.94 502.10 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 119.94 502.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 125.05 502.10 Td (actual ) Tj ET Q
q 0 0 0 rg BT 146.15 502.10 Td (operating ) Tj ET Q
q 0 0 0 rg BT 178.36 502.10 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 222.78 502.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 241.66 502.10 Td (price ) Tj ET Q
q 0 0 0 rg BT 259.65 502.10 Td (fluctuations ) Tj ET Q
q 0 0 0 rg BT 299.42 502.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.97 502.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.75 502.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 348.07 502.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 380.72 502.10 Td (of) Tj ET Q
q 0 0 0 rg BT 387.24 502.10 Td (ficer) Tj ET Q
q 0 0 0 rg BT 402.19 502.10 Td (�) Tj ET Q
q 0 0 0 rg BT 404.41 502.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 409.52 502.10 Td (continued ) Tj ET Q
q 0 0 0 rg BT 443.07 502.10 Td (employment.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 490.10 Td (\(5\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 490.10 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 490.10 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 96.41 490.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 107.54 490.10 Td (all ) Tj ET Q
q 0 0 0 rg BT 117.34 490.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 140.46 490.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 172.92 490.10 Td (of) Tj ET Q
q 0 0 0 rg BT 179.44 490.10 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 201.01 490.10 Td (Basic ) Tj ET Q
q 0 0 0 rg BT 220.58 490.10 Td (Life ) Tj ET Q
q 0 0 0 rg BT 235.71 490.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 248.67 490.10 Td (Accidental ) Tj ET Q
q 0 0 0 rg BT 285.12 490.10 Td (Death ) Tj ET Q
q 0 0 0 rg BT 306.02 490.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 319.38 490.10 Td (Dismemberment ) Tj ET Q
q 0 0 0 rg BT 374.50 490.10 Td (insurance ) Tj ET Q
q 0 0 0 rg BT 406.96 490.10 Td (premiums ) Tj ET Q
q 0 0 0 rg BT 440.76 490.10 Td (paid ) Tj ET Q
q 0 0 0 rg BT 456.34 490.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 466.14 490.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 484.38 490.10 Td (Mason. ) Tj ET Q
q 0 0 0 rg BT 509.96 490.10 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 538.87 490.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 550.00 490.10 Td (all ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 480.50 Td (named ) Tj ET Q
q 0 0 0 rg BT 90.36 480.50 Td (executive ) Tj ET Q
q 0 0 0 rg BT 122.54 480.50 Td (of) Tj ET Q
q 0 0 0 rg BT 129.06 480.50 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 150.35 480.50 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 183.00 480.50 Td (paid ) Tj ET Q
q 0 0 0 rg BT 198.30 480.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 207.83 480.50 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 237.80 480.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 269.10 480.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 287.52 480.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 304.61 480.50 Td (and, ) Tj ET Q
q 0 0 0 rg BT 319.69 480.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 330.55 480.50 Td (executives ) Tj ET Q
q 0 0 0 rg BT 365.84 480.50 Td (who ) Tj ET Q
q 0 0 0 rg BT 381.15 480.50 Td (elected ) Tj ET Q
q 0 0 0 rg BT 405.33 480.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 413.09 480.50 Td (defer ) Tj ET Q
q 0 0 0 rg BT 431.05 480.50 Td (receipt ) Tj ET Q
q 0 0 0 rg BT 454.35 480.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 462.54 480.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 484.07 480.50 Td (after ) Tj ET Q
q 0 0 0 rg BT 500.25 480.50 Td (vesting, ) Tj ET Q
q 0 0 0 rg BT 526.89 480.50 Td (dividends ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 470.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 82.44 470.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 91.61 470.90 Td (vested ) Tj ET Q
q 0 0 0 rg BT 113.21 470.90 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 141.02 470.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 171.95 470.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 190.00 470.90 Td (units, ) Tj ET Q
q 0 0 0 rg BT 208.72 470.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 224.11 470.90 Td ($463,718, ) Tj ET Q
q 0 0 0 rg BT 257.28 470.90 Td ($92,542, ) Tj ET Q
q 0 0 0 rg BT 286.45 470.90 Td ($43,599, ) Tj ET Q
q 0 0 0 rg BT 315.61 470.90 Td ($55,874, ) Tj ET Q
q 0 0 0 rg BT 344.78 470.90 Td ($41,421, ) Tj ET Q
q 0 0 0 rg BT 373.94 470.90 Td ($26,275 ) Tj ET Q
q 0 0 0 rg BT 401.11 470.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 413.83 470.90 Td ($39,886, ) Tj ET Q
q 0 0 0 rg BT 442.99 470.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 457.93 470.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 468.43 470.90 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 494.26 470.90 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 524.09 470.90 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 556.00 470.90 Td (, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 461.30 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 97.86 461.30 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 130.65 461.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 144.33 461.30 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 167.36 461.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 181.04 461.30 Td (Mmes. ) Tj ET Q
q 0 0 0 rg BT 205.17 461.30 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 226.41 461.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 240.10 461.30 Td (Cashman, ) Tj ET Q
q 0 0 0 rg BT 274.00 461.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 312.13 461.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 316.27 461.30 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 345.50 461.30 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 389.86 461.30 Td (made ) Tj ET Q
q 0 0 0 rg BT 409.31 461.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 419.45 461.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 438.02 461.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 461.93 461.30 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 491.61 461.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 499.97 461.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 512.77 461.30 Td (Profit ) Tj ET Q
q 0 0 0 rg BT 533.13 461.30 Td (Sharing ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 451.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 81.60 451.70 Td (401\(k\) ) Tj ET Q
q 0 0 0 rg BT 105.48 451.70 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 122.25 451.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 136.17 451.70 Td (T) Tj ET Q
q 0 0 0 rg BT 140.77 451.70 Td (rust, ) Tj ET Q
q 0 0 0 rg BT 157.32 451.70 Td (with ) Tj ET Q
q 0 0 0 rg BT 174.10 451.70 Td ($16,000, ) Tj ET Q
q 0 0 0 rg BT 204.65 451.70 Td ($15,344, ) Tj ET Q
q 0 0 0 rg BT 235.19 451.70 Td ($15,409, ) Tj ET Q
q 0 0 0 rg BT 265.74 451.70 Td ($12,122, ) Tj ET Q
q 0 0 0 rg BT 296.29 451.70 Td ($15,370 ) Tj ET Q
q 0 0 0 rg BT 324.84 451.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 338.94 451.70 Td ($12,122 ) Tj ET Q
q 0 0 0 rg BT 367.49 451.70 Td (contributed ) Tj ET Q
q 0 0 0 rg BT 406.48 451.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 418.36 451.70 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 445.57 451.70 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 476.79 451.70 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 508.70 451.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 513.25 451.70 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 546.45 451.70 Td (and ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 442.10 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 89.82 442.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 102.81 442.10 Td (Mmes. ) Tj ET Q
q 0 0 0 rg BT 126.24 442.10 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 146.78 442.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 159.76 442.10 Td (Cashman, ) Tj ET Q
q 0 0 0 rg BT 192.97 442.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 231.10 442.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 234.53 442.10 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 263.06 442.10 Td (discount ) Tj ET Q
q 0 0 0 rg BT 291.60 442.10 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 320.15 442.10 Td (credited ) Tj ET Q
q 0 0 0 rg BT 347.34 442.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 366.99 442.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 379.08 442.10 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 408.94 442.10 Td (Compensation/Phantom ) Tj ET Q
q 0 0 0 rg BT 487.26 442.10 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 506.91 442.10 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 522.57 442.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 533.33 442.10 Td (Messrs. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 432.50 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 96.36 432.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 110.11 432.50 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 142.96 432.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 156.71 432.50 Td (Mmes. ) Tj ET Q
q 0 0 0 rg BT 180.90 432.50 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 202.21 432.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 215.95 432.50 Td (Cashman, ) Tj ET Q
q 0 0 0 rg BT 249.92 432.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 263.67 432.50 Td (matching ) Tj ET Q
q 0 0 0 rg BT 295.63 432.50 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 340.05 432.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 360.46 432.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 372.43 432.50 Td (Employee ) Tj ET Q
q 0 0 0 rg BT 407.06 432.50 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 427.48 432.50 Td (Purchase ) Tj ET Q
q 0 0 0 rg BT 458.55 432.50 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 474.97 432.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 486.50 432.50 Td (Mr) Tj ET Q
q 0 0 0 rg BT 495.83 432.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 500.03 432.50 Td (Sullivan. ) Tj ET Q
q 0 0 0 rg BT 530.89 432.50 Td (Includes ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 422.90 Td (stipend ) Tj ET Q
q 0 0 0 rg BT 92.90 422.90 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 122.29 422.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.25 422.90 Td ($250 ) Tj ET Q
q 0 0 0 rg BT 149.54 422.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 165.60 422.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 174.11 422.90 Td (each ) Tj ET Q
q 0 0 0 rg BT 191.05 422.90 Td (named ) Tj ET Q
q 0 0 0 rg BT 214.66 422.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 247.60 422.90 Td (of) Tj ET Q
q 0 0 0 rg BT 254.12 422.90 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 271.06 422.90 Td (who ) Tj ET Q
q 0 0 0 rg BT 287.12 422.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 301.85 422.90 Td (employed ) Tj ET Q
q 0 0 0 rg BT 335.69 422.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 345.97 422.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 364.70 422.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 388.77 422.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 396.83 422.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 419.99 422.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 432.28 422.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 452.57 422.90 Td (except ) Tj ET Q
q 0 0 0 rg BT 475.73 422.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 487.35 422.90 Td (Mr) Tj ET Q
q 0 0 0 rg BT 496.69 422.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 500.97 422.90 Td (Johnson ) Tj ET Q
q 0 0 0 rg BT 529.49 422.90 Td (who ) Tj ET Q
q 0 0 0 rg BT 545.55 422.90 Td (was ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 413.30 Td (paid ) Tj ET Q
q 0 0 0 rg BT 83.45 413.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 95.40 413.30 Td (stipend ) Tj ET Q
q 0 0 0 rg BT 120.69 413.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 129.09 413.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 148.59 413.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 164.54 413.30 Td (2021, ) Tj ET Q
q 0 0 0 rg BT 184.71 413.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 196.22 413.30 Td (payment ) Tj ET Q
q 0 0 0 rg BT 225.94 413.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.79 413.30 Td (additional ) Tj ET Q
q 0 0 0 rg BT 268.96 413.30 Td (expenses ) Tj ET Q
q 0 0 0 rg BT 300.01 413.30 Td (incurred ) Tj ET Q
q 0 0 0 rg BT 328.84 413.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 337.68 413.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 343.41 413.30 Td (result ) Tj ET Q
q 0 0 0 rg BT 363.36 413.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 372.21 413.30 Td (all ) Tj ET Q
q 0 0 0 rg BT 382.38 413.30 Td (employees ) Tj ET Q
q 0 0 0 rg BT 418.77 413.30 Td (being ) Tj ET Q
q 0 0 0 rg BT 438.72 413.30 Td (required ) Tj ET Q
q 0 0 0 rg BT 467.55 413.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 475.95 413.30 Td (work ) Tj ET Q
q 0 0 0 rg BT 494.57 413.30 Td (remotely ) Tj ET Q
q 0 0 0 rg BT 525.18 413.30 Td (during ) Tj ET Q
q 0 0 0 rg BT 548.24 413.30 Td (the ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 403.70 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 105.55 403.70 Td (pandemic. ) Tj ET Q
q 0 0 0 rg BT 140.70 403.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 142.75 403.70 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 171.91 403.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 183.29 403.70 Td (Mr) Tj ET Q
q 0 0 0 rg BT 192.62 403.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 196.68 403.70 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 226.96 403.70 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 271.23 403.70 Td (made ) Tj ET Q
q 0 0 0 rg BT 290.60 403.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 300.66 403.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 319.15 403.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 342.98 403.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 351.25 403.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.08 403.70 Td (amount ) Tj ET Q
q 0 0 0 rg BT 389.13 403.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 397.84 403.70 Td ($23,019 ) Tj ET Q
q 0 0 0 rg BT 425.90 403.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 434.17 403.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 439.78 403.70 Td (pension ) Tj ET Q
q 0 0 0 rg BT 466.71 403.70 Td (scheme ) Tj ET Q
q 0 0 0 rg BT 492.76 403.70 Td (registered ) Tj ET Q
q 0 0 0 rg BT 526.35 403.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 534.62 403.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 546.45 403.70 Td (UK ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 394.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 81.27 394.10 Td (premiums ) Tj ET Q
q 0 0 0 rg BT 115.48 394.10 Td (paid ) Tj ET Q
q 0 0 0 rg BT 131.47 394.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 141.68 394.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 160.34 394.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 184.33 394.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 192.77 394.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 204.76 394.10 Td (amount ) Tj ET Q
q 0 0 0 rg BT 230.97 394.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.85 394.10 Td ($22,189 ) Tj ET Q
q 0 0 0 rg BT 268.07 394.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 279.61 394.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 285.38 394.10 Td (health ) Tj ET Q
q 0 0 0 rg BT 307.14 394.10 Td (insurance ) Tj ET Q
q 0 0 0 rg BT 340.01 394.10 Td (program ) Tj ET Q
q 0 0 0 rg BT 369.32 394.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 383.54 394.10 Td (constitutes ) Tj ET Q
q 0 0 0 rg BT 419.97 394.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 425.74 394.10 Td (perquisite. ) Tj ET Q
q 0 0 0 rg BT 461.01 394.10 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 492.56 394.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 504.54 394.10 Td (paid ) Tj ET Q
q 0 0 0 rg BT 520.53 394.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 528.97 394.10 Td (GBP) Tj ET Q
q 0 0 0 rg BT 544.24 394.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 546.45 394.10 Td (and ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 384.50 Td (converted ) Tj ET Q
q 0 0 0 rg BT 101.04 384.50 Td (into ) Tj ET Q
q 0 0 0 rg BT 115.48 384.50 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 131.71 384.50 Td (dollars ) Tj ET Q
q 0 0 0 rg BT 155.48 384.50 Td (using ) Tj ET Q
q 0 0 0 rg BT 174.82 384.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.59 384.50 Td (average ) Tj ET Q
q 0 0 0 rg BT 213.46 384.50 Td (conversion ) Tj ET Q
q 0 0 0 rg BT 250.56 384.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 264.55 384.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 273.21 384.50 Td (1.271 ) Tj ET Q
q 0 0 0 rg BT 293.21 384.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 304.54 384.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 323.87 384.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 339.63 384.50 Td (2020.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 372.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 51.50 372.50 Td (\(6\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.83 372.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 372.50 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 96.62 372.50 Td (cash ) Tj ET Q
q 0 0 0 rg BT 112.86 372.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 159.31 372.50 Td (voluntarily ) Tj ET Q
q 0 0 0 rg BT 196.44 372.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 225.11 372.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 245.34 372.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.14 372.50 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 287.58 372.50 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 335.82 372.50 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 354.29 372.50 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 370.54 372.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 379.22 372.50 Td (follows: ) Tj ET Q
q 0 0 0 rg BT 407.47 372.50 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 434.16 372.50 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 462.85 372.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 476.42 372.50 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 499.33 372.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 528.00 372.50 Td ($500,000 ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 362.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 81.17 362.90 Td ($298,750, ) Tj ET Q
q 0 0 0 rg BT 115.29 362.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 153.42 362.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 157.54 362.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 175.21 362.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 191.99 362.90 Td (May ) Tj ET Q
q 0 0 0 rg BT 208.77 362.90 Td (15, ) Tj ET Q
q 0 0 0 rg BT 220.89 362.90 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 239.01 362.90 Td (bonus, ) Tj ET Q
q 0 0 0 rg BT 262.24 362.90 Td (Mr) Tj ET Q
q 0 0 0 rg BT 271.58 362.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 275.70 362.90 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 308.47 362.90 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 337.23 362.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 342.90 362.90 Td (total ) Tj ET Q
q 0 0 0 rg BT 359.24 362.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 368.02 362.90 Td ($1) Tj ET Q
q 0 0 0 rg BT 375.72 362.90 Td (19,292 ) Tj ET Q
q 0 0 0 rg BT 399.84 362.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 417.51 362.90 Td (his ) Tj ET Q
q 0 0 0 rg BT 428.97 362.90 Td (salary ) Tj ET Q
q 0 0 0 rg BT 450.19 362.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 463.86 362.90 Td (May ) Tj ET Q
q 0 0 0 rg BT 480.64 362.90 Td (15, ) Tj ET Q
q 0 0 0 rg BT 492.76 362.90 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 510.88 362.90 Td (bonus ) Tj ET Q
q 0 0 0 rg BT 532.11 362.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 545.78 362.90 Td (Ms. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 353.30 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 88.61 353.30 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 117.25 353.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 122.80 353.30 Td (total ) Tj ET Q
q 0 0 0 rg BT 139.02 353.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.68 353.30 Td ($13,417 ) Tj ET Q
q 0 0 0 rg BT 175.68 353.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 193.23 353.30 Td (her ) Tj ET Q
q 0 0 0 rg BT 205.45 353.30 Td (salary) Tj ET Q
q 0 0 0 rg BT 224.03 353.30 Td (.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 341.30 Td (\(7\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 341.30 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 341.30 Td (Mr) Tj ET Q
q 0 0 0 rg BT 76.84 341.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 80.73 341.30 Td (Johnson�) Tj ET Q
q 0 0 0 rg BT 109.18 341.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 114.19 341.30 Td (salary ) Tj ET Q
q 0 0 0 rg BT 135.19 341.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 143.75 341.30 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 159.88 341.30 Td ($350,000, ) Tj ET Q
q 0 0 0 rg BT 193.78 341.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 202.34 341.30 Td (determined ) Tj ET Q
q 0 0 0 rg BT 240.22 341.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 260.33 341.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 270.23 341.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 281.90 341.30 Td (GBP) Tj ET Q
q 0 0 0 rg BT 297.17 341.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 299.06 341.30 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 331.16 341.30 Td (rate ) Tj ET Q
q 0 0 0 rg BT 345.05 341.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 353.17 341.30 Td (ef) Tj ET Q
q 0 0 0 rg BT 359.24 341.30 Td (fect ) Tj ET Q
q 0 0 0 rg BT 373.13 341.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 383.02 341.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 394.69 341.30 Td (day ) Tj ET Q
q 0 0 0 rg BT 408.14 341.30 Td (he ) Tj ET Q
q 0 0 0 rg BT 417.59 341.30 Td (became ) Tj ET Q
q 0 0 0 rg BT 443.91 341.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 453.36 341.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 485.91 341.30 Td (of) Tj ET Q
q 0 0 0 rg BT 492.43 341.30 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 508.98 341.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 517.10 341.30 Td (2013, ) Tj ET Q
q 0 0 0 rg BT 536.99 341.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 544.23 341.30 Td (paid ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 331.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 76.33 331.70 Td (GBP) Tj ET Q
q 0 0 0 rg BT 91.00 331.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 95.60 331.70 Td (Using ) Tj ET Q
q 0 0 0 rg BT 117.32 331.70 Td (an ) Tj ET Q
q 0 0 0 rg BT 127.47 331.70 Td (average ) Tj ET Q
q 0 0 0 rg BT 154.94 331.70 Td (conversion ) Tj ET Q
q 0 0 0 rg BT 192.65 331.70 Td (rate ) Tj ET Q
q 0 0 0 rg BT 207.24 331.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.50 331.70 Td (1.271 ) Tj ET Q
q 0 0 0 rg BT 237.11 331.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 249.04 331.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 268.96 331.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 285.33 331.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 305.93 331.70 Td (Mr) Tj ET Q
q 0 0 0 rg BT 315.27 331.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 319.87 331.70 Td (Johnson ) Tj ET Q
q 0 0 0 rg BT 348.70 331.70 Td (received ) Tj ET Q
q 0 0 0 rg BT 378.39 331.70 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 395.22 331.70 Td ($285,975 ) Tj ET Q
q 0 0 0 rg BT 427.83 331.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 436.65 331.70 Td (base ) Tj ET Q
q 0 0 0 rg BT 453.47 331.70 Td (salary) Tj ET Q
q 0 0 0 rg BT 472.05 331.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 476.65 331.70 Td (Includes ) Tj ET Q
q 0 0 0 rg BT 506.36 331.70 Td ($14,299 ) Tj ET Q
q 0 0 0 rg BT 534.96 331.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 543.79 331.70 Td (cash ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 322.10 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 113.93 322.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 130.16 322.10 Td (respect ) Tj ET Q
q 0 0 0 rg BT 154.81 322.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 163.03 322.10 Td (which ) Tj ET Q
q 0 0 0 rg BT 184.58 322.10 Td (Mr) Tj ET Q
q 0 0 0 rg BT 193.92 322.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 197.92 322.10 Td (Johnson ) Tj ET Q
q 0 0 0 rg BT 226.14 322.10 Td (elected ) Tj ET Q
q 0 0 0 rg BT 250.79 322.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 259.02 322.10 Td (defer ) Tj ET Q
q 0 0 0 rg BT 277.45 322.10 Td (receipt ) Tj ET Q
q 0 0 0 rg BT 301.21 322.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 321.42 322.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 326.97 322.10 Td (pension ) Tj ET Q
q 0 0 0 rg BT 353.86 322.10 Td (scheme ) Tj ET Q
q 0 0 0 rg BT 379.85 322.10 Td (registered ) Tj ET Q
q 0 0 0 rg BT 413.39 322.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 421.61 322.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 433.38 322.10 Td (UK. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 312.50 Td (\(8\) ) Tj ET Q
q 0 0 0 rg BT 67.50 312.50 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 81.65 312.50 Td (Cashman�) Tj ET Q
q 0 0 0 rg BT 113.65 312.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 118.69 312.50 Td (employment ) Tj ET Q
q 0 0 0 rg BT 160.61 312.50 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 196.74 312.50 Td (ef) Tj ET Q
q 0 0 0 rg BT 202.81 312.50 Td (fective ) Tj ET Q
q 0 0 0 rg BT 226.50 312.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 235.09 312.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 243.68 312.50 Td (January ) Tj ET Q
q 0 0 0 rg BT 270.48 312.50 Td (1, ) Tj ET Q
q 0 0 0 rg BT 278.41 312.50 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 297.91 312.50 Td (All ) Tj ET Q
q 0 0 0 rg BT 310.06 312.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 328.42 312.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 374.78 312.50 Td (includes ) Tj ET Q
q 0 0 0 rg BT 403.36 312.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 415.06 312.50 Td (following ) Tj ET Q
q 0 0 0 rg BT 448.10 312.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 456.25 312.50 Td (connection ) Tj ET Q
q 0 0 0 rg BT 493.27 312.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 509.42 312.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 521.12 312.50 Td (termination ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 302.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 76.13 302.90 Td (her ) Tj ET Q
q 0 0 0 rg BT 88.30 302.90 Td (employment: ) Tj ET Q
q 0 0 0 rg BT 132.48 302.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 137.99 302.90 Td (cash ) Tj ET Q
q 0 0 0 rg BT 154.16 302.90 Td (payment ) Tj ET Q
q 0 0 0 rg BT 183.67 302.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 192.30 302.90 Td ($2,1) Tj ET Q
q 0 0 0 rg BT 206.00 302.90 Td (12,500 ) Tj ET Q
q 0 0 0 rg BT 229.96 302.90 Td (representing ) Tj ET Q
q 0 0 0 rg BT 271.46 302.90 Td (severance ) Tj ET Q
q 0 0 0 rg BT 304.95 302.90 Td (pay) Tj ET Q
q 0 0 0 rg BT 315.98 302.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 319.95 302.90 Td (post-employment ) Tj ET Q
q 0 0 0 rg BT 377.90 302.90 Td (health ) Tj ET Q
q 0 0 0 rg BT 399.41 302.90 Td (care ) Tj ET Q
q 0 0 0 rg BT 414.68 302.90 Td (subsidy ) Tj ET Q
q 0 0 0 rg BT 441.09 302.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 449.72 302.90 Td ($4,742 ) Tj ET Q
q 0 0 0 rg BT 473.68 302.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 487.19 302.90 Td (outplacement ) Tj ET Q
q 0 0 0 rg BT 532.25 302.90 Td (services ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 293.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 76.31 293.30 Td ($5,000. ) Tj ET Q
q 0 0 0 rg BT 102.46 293.30 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 116.84 293.30 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 148.77 293.30 Td (also ) Tj ET Q
q 0 0 0 rg BT 163.80 293.30 Td (received ) Tj ET Q
q 0 0 0 rg BT 193.04 293.30 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 231.16 293.30 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 256.42 293.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 265.23 293.30 Td (all ) Tj ET Q
q 0 0 0 rg BT 275.38 293.30 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 307.29 293.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 326.33 293.30 Td (unit ) Tj ET Q
q 0 0 0 rg BT 340.92 293.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 365.73 293.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 379.88 293.30 Td (had ) Tj ET Q
q 0 0 0 rg BT 393.58 293.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 405.95 293.30 Td (vested ) Tj ET Q
q 0 0 0 rg BT 428.54 293.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 436.46 293.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.39 293.30 Td (time ) Tj ET Q
q 0 0 0 rg BT 464.76 293.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 473.57 293.30 Td (her ) Tj ET Q
q 0 0 0 rg BT 485.94 293.30 Td (termination. ) Tj ET Q
q 0 0 0 rg BT 526.96 293.30 Td (Her ) Tj ET Q
q 0 0 0 rg BT 541.11 293.30 Td (stock ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 283.70 Td (option ) Tj ET Q
q 0 0 0 rg BT 89.65 283.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 114.01 283.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 127.26 283.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 169.38 283.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 187.96 283.70 Td (unit ) Tj ET Q
q 0 0 0 rg BT 202.11 283.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 226.47 283.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 243.71 283.70 Td (modified ) Tj ET Q
q 0 0 0 rg BT 274.30 283.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 282.22 283.70 Td (allow ) Tj ET Q
q 0 0 0 rg BT 301.70 283.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 312.73 283.70 Td (continued ) Tj ET Q
q 0 0 0 rg BT 345.98 283.70 Td (vesting. ) Tj ET Q
q 0 0 0 rg BT 372.41 283.70 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 403.45 283.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 411.37 283.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 422.85 283.70 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 442.40 283.70 Td (A) Tj ET Q
q 0 0 0 rg BT 447.44 283.70 Td (wards ) Tj ET Q
q 0 0 0 rg BT 468.25 283.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 481.50 283.70 Td (Option ) Tj ET Q
q 0 0 0 rg BT 505.05 283.70 Td (A) Tj ET Q
q 0 0 0 rg BT 510.10 283.70 Td (wards ) Tj ET Q
q 0 0 0 rg BT 530.90 283.70 Td (columns ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 274.10 Td (include ) Tj ET Q
q 0 0 0 rg BT 92.83 274.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 129.71 274.10 Td (char) Tj ET Q
q 0 0 0 rg BT 143.33 274.10 Td (ges ) Tj ET Q
q 0 0 0 rg BT 155.78 274.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 164.23 274.10 Td ($1,202,193 ) Tj ET Q
q 0 0 0 rg BT 202.01 274.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 213.13 274.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 214.91 274.10 Td (acceleration ) Tj ET Q
q 0 0 0 rg BT 255.33 274.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 263.78 274.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 295.33 274.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 314.00 274.10 Td (units, ) Tj ET Q
q 0 0 0 rg BT 333.34 274.10 Td ($703,243 ) Tj ET Q
q 0 0 0 rg BT 365.12 274.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 376.24 274.10 Td (modification ) Tj ET Q
q 0 0 0 rg BT 418.90 274.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.35 274.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 469.55 274.10 Td (share ) Tj ET Q
q 0 0 0 rg BT 488.21 274.10 Td (units, ) Tj ET Q
q 0 0 0 rg BT 507.56 274.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 520.89 274.10 Td ($88,126 ) Tj ET Q
q 0 0 0 rg BT 548.67 274.10 Td (for ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 264.50 Td (modification ) Tj ET Q
q 0 0 0 rg BT 110.38 264.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 119.04 264.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 137.93 264.50 Td (options.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 254.90 Td (\(9\) ) Tj ET Q
q 0 0 0 rg BT 67.50 254.90 Td (Mr) Tj ET Q
q 0 0 0 rg BT 76.84 254.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 80.98 254.90 Td (Hoops�) Tj ET Q
q 0 0 0 rg BT 103.94 254.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 106.08 254.90 Td (employment ) Tj ET Q
q 0 0 0 rg BT 148.21 254.90 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 184.56 254.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 190.63 254.90 Td (fective ) Tj ET Q
q 0 0 0 rg BT 214.53 254.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 223.34 254.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 232.14 254.90 Td (January ) Tj ET Q
q 0 0 0 rg BT 259.16 254.90 Td (1, ) Tj ET Q
q 0 0 0 rg BT 267.30 254.90 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 286.97 254.90 Td (All ) Tj ET Q
q 0 0 0 rg BT 299.33 254.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 317.91 254.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 364.48 254.90 Td (includes ) Tj ET Q
q 0 0 0 rg BT 393.29 254.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 405.20 254.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 438.45 254.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 446.81 254.90 Td (connection ) Tj ET Q
q 0 0 0 rg BT 484.05 254.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 500.41 254.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.33 254.90 Td (termination ) Tj ET Q
q 0 0 0 rg BT 551.35 254.90 Td (of ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 245.30 Td (his ) Tj ET Q
q 0 0 0 rg BT 78.79 245.30 Td (employment: ) Tj ET Q
q 0 0 0 rg BT 122.97 245.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 128.48 245.30 Td (cash ) Tj ET Q
q 0 0 0 rg BT 144.65 245.30 Td (payment ) Tj ET Q
q 0 0 0 rg BT 174.15 245.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 182.78 245.30 Td ($2,598,654 ) Tj ET Q
q 0 0 0 rg BT 220.73 245.30 Td (representing ) Tj ET Q
q 0 0 0 rg BT 262.23 245.30 Td (severance ) Tj ET Q
q 0 0 0 rg BT 295.72 245.30 Td (pay) Tj ET Q
q 0 0 0 rg BT 306.75 245.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 310.71 245.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 324.22 245.30 Td (post-employment ) Tj ET Q
q 0 0 0 rg BT 382.17 245.30 Td (health ) Tj ET Q
q 0 0 0 rg BT 403.67 245.30 Td (care ) Tj ET Q
q 0 0 0 rg BT 418.95 245.30 Td (subsidy ) Tj ET Q
q 0 0 0 rg BT 445.35 245.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.98 245.30 Td ($4,684. ) Tj ET Q
q 0 0 0 rg BT 479.93 245.30 Td (Mr) Tj ET Q
q 0 0 0 rg BT 489.27 245.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 493.23 245.30 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 516.08 245.30 Td (also ) Tj ET Q
q 0 0 0 rg BT 530.92 245.30 Td (received ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 235.70 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 105.22 235.70 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 130.08 235.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 138.49 235.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 148.24 235.70 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 179.75 235.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 198.39 235.70 Td (unit ) Tj ET Q
q 0 0 0 rg BT 212.58 235.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 236.99 235.70 Td (that ) Tj ET Q
q 0 0 0 rg BT 250.74 235.70 Td (had ) Tj ET Q
q 0 0 0 rg BT 264.04 235.70 Td (not ) Tj ET Q
q 0 0 0 rg BT 276.01 235.70 Td (vested ) Tj ET Q
q 0 0 0 rg BT 298.20 235.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 305.73 235.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 317.25 235.70 Td (time ) Tj ET Q
q 0 0 0 rg BT 333.22 235.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 341.64 235.70 Td (his ) Tj ET Q
q 0 0 0 rg BT 352.72 235.70 Td (termination. ) Tj ET Q
q 0 0 0 rg BT 393.35 235.70 Td (His ) Tj ET Q
q 0 0 0 rg BT 406.22 235.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 424.86 235.70 Td (option ) Tj ET Q
q 0 0 0 rg BT 447.05 235.70 Td (awards ) Tj ET Q
q 0 0 0 rg BT 471.46 235.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 484.76 235.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 526.93 235.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 545.56 235.70 Td (unit ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 226.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 91.88 226.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 109.15 226.10 Td (modified ) Tj ET Q
q 0 0 0 rg BT 139.76 226.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 147.71 226.10 Td (allow ) Tj ET Q
q 0 0 0 rg BT 167.21 226.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 178.27 226.10 Td (continued ) Tj ET Q
q 0 0 0 rg BT 211.54 226.10 Td (vesting. ) Tj ET Q
q 0 0 0 rg BT 237.99 226.10 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 269.06 226.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 277.01 226.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 288.51 226.10 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 308.07 226.10 Td (A) Tj ET Q
q 0 0 0 rg BT 313.12 226.10 Td (wards ) Tj ET Q
q 0 0 0 rg BT 333.95 226.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 347.23 226.10 Td (Option ) Tj ET Q
q 0 0 0 rg BT 370.79 226.10 Td (A) Tj ET Q
q 0 0 0 rg BT 375.84 226.10 Td (wards ) Tj ET Q
q 0 0 0 rg BT 396.67 226.10 Td (columns ) Tj ET Q
q 0 0 0 rg BT 425.51 226.10 Td (include ) Tj ET Q
q 0 0 0 rg BT 450.78 226.10 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 487.60 226.10 Td (char) Tj ET Q
q 0 0 0 rg BT 501.22 226.10 Td (ges ) Tj ET Q
q 0 0 0 rg BT 513.62 226.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 522.01 226.10 Td ($1,349,517 ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 216.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 78.83 216.50 Td (acceleration ) Tj ET Q
q 0 0 0 rg BT 119.46 216.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 128.13 216.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 159.89 216.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 178.78 216.50 Td (units, ) Tj ET Q
q 0 0 0 rg BT 198.34 216.50 Td ($1,120,177 ) Tj ET Q
q 0 0 0 rg BT 236.34 216.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 247.66 216.50 Td (modification ) Tj ET Q
q 0 0 0 rg BT 290.54 216.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 299.21 216.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 341.63 216.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 360.50 216.50 Td (units, ) Tj ET Q
q 0 0 0 rg BT 380.06 216.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 393.61 216.50 Td ($490,822 ) Tj ET Q
q 0 0 0 rg BT 425.61 216.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 436.94 216.50 Td (modification ) Tj ET Q
q 0 0 0 rg BT 479.82 216.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.48 216.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 507.37 216.50 Td (options.) Tj ET Q
endstream
endobj
343 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 344 0 R>>
endobj
344 0 obj
<</Length 36597>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (169) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Grants of Plan-Based ) Tj ET Q
q 0 0 0 rg BT 147.80 741.90 Td (A) Tj ET Q
q 0 0 0 rg BT 154.61 741.90 Td (wards) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (The following table provides information concerning each plan-based award granted, and awards modified, during the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (fiscal year ended March 31, 2020 to our named executive of) Tj ET Q
q 0 0 0 rg BT 302.10 704.10 Td (ficers.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.75 693.6 m
131.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.75 693.6 m
169.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
169.75 693.6 m
213.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.75 693.6 m
256.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
256.75 693.6 m
302.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.75 693.6 m
345.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
345.75 693.6 m
383.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.75 693.6 m
423.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.75 693.6 m
459.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
459.75 693.6 m
487.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.75 693.6 m
531.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531.75 693.6 m
543.75 693.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.75 618.6 m
131.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.75 618.6 m
169.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
169.75 618.6 m
213.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.75 618.6 m
256.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
256.75 618.6 m
302.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.75 618.6 m
345.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
345.75 618.6 m
383.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.75 618.6 m
423.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.75 618.6 m
459.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
459.75 618.6 m
487.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.75 618.6 m
531.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531.75 618.6 m
543.75 618.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.75 594.6 m
131.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.75 594.6 m
169.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
169.75 594.6 m
213.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.75 594.6 m
256.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
256.75 594.6 m
302.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.75 594.6 m
345.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
345.75 594.6 m
383.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.75 594.6 m
423.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.75 594.6 m
459.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
459.75 594.6 m
487.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.75 594.6 m
531.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531.75 594.6 m
543.75 594.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.75 570.6 m
131.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.75 570.6 m
169.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
169.75 570.6 m
213.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.75 570.6 m
256.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
256.75 570.6 m
302.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.75 570.6 m
345.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
345.75 570.6 m
383.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.75 570.6 m
423.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.75 570.6 m
459.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
459.75 570.6 m
487.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.75 570.6 m
531.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531.75 570.6 m
543.75 570.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.75 546.6 m
131.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.75 546.6 m
169.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
169.75 546.6 m
213.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.75 546.6 m
256.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
256.75 546.6 m
302.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.75 546.6 m
345.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
345.75 546.6 m
383.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.75 546.6 m
423.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.75 546.6 m
459.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
459.75 546.6 m
487.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.75 546.6 m
531.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531.75 546.6 m
543.75 546.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.75 522.6 m
131.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.75 522.6 m
169.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
169.75 522.6 m
213.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.75 522.6 m
256.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
256.75 522.6 m
302.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.75 522.6 m
345.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
345.75 522.6 m
383.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.75 522.6 m
423.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.75 522.6 m
459.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
459.75 522.6 m
487.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.75 522.6 m
531.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531.75 522.6 m
543.75 522.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.75 498.6 m
131.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.75 498.6 m
169.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
169.75 498.6 m
213.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.75 498.6 m
256.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
256.75 498.6 m
302.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.75 498.6 m
345.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
345.75 498.6 m
383.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.75 498.6 m
423.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.75 498.6 m
459.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
459.75 498.6 m
487.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.75 498.6 m
531.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531.75 498.6 m
543.75 498.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.75 354.6 m
131.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.75 354.6 m
169.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
169.75 354.6 m
213.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.75 354.6 m
256.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
256.75 354.6 m
302.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.75 354.6 m
345.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
345.75 354.6 m
383.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.75 354.6 m
423.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.75 354.6 m
459.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
459.75 354.6 m
487.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.75 354.6 m
531.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531.75 354.6 m
543.75 354.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.75 222.60000000000002 m
131.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
131.75 222.60000000000002 m
169.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
169.75 222.60000000000002 m
213.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
213.75 222.60000000000002 m
256.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
256.75 222.60000000000002 m
302.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
302.75 222.60000000000002 m
345.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
345.75 222.60000000000002 m
383.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
383.75 222.60000000000002 m
423.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
423.75 222.60000000000002 m
459.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
459.75 222.60000000000002 m
487.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
487.75 222.60000000000002 m
531.75 222.60000000000002 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
531.75 222.60000000000002 m
543.75 222.60000000000002 l
s
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 65.25 622.66 Td (Name) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 147.95 629.66 Td (Grant) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 146.95 622.66 Td (Date) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 160.94 625.83 Td (\(1\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 177.20 636.66 Td (Committee) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 190.40 629.66 Td (Action) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 196.25 622.66 Td (Date) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 222.90 685.66 Td (Estimated) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 232.75 678.66 Td (Futur) Tj ET Q
q 0 0 0 rg BT 250.12 678.66 Td (e) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 229.50 671.66 Td (Payouts) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 234.30 664.66 Td (Under) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 233.00 657.66 Td (Equity) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 225.60 650.66 Td (Incentive) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 239.60 643.66 Td (Plan) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 230.40 636.66 Td (A) Tj ET Q
q 0 0 0 rg BT 234.94 636.66 Td (wards) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 222.60 629.66 Td (Thr) Tj ET Q
q 0 0 0 rg BT 234.14 629.66 Td (eshold) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 239.75 622.66 Td (\(#\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 247.91 625.83 Td (\(2\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 268.90 685.66 Td (Estimated) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 278.75 678.66 Td (Futur) Tj ET Q
q 0 0 0 rg BT 296.12 678.66 Td (e) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 275.50 671.66 Td (Payouts) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 280.30 664.66 Td (Under) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 279.00 657.66 Td (Equity) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 271.60 650.66 Td (Incentive) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 285.60 643.66 Td (Plan) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 276.40 636.66 Td (A) Tj ET Q
q 0 0 0 rg BT 280.94 636.66 Td (wards) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 279.65 629.66 Td (T) Tj ET Q
q 0 0 0 rg BT 283.68 629.66 Td (arget) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 285.75 622.66 Td (\(#\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 293.91 625.83 Td (\(2\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 311.90 685.66 Td (Estimated) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 321.75 678.66 Td (Futur) Tj ET Q
q 0 0 0 rg BT 339.12 678.66 Td (e) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 318.50 671.66 Td (Payouts) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 323.30 664.66 Td (Under) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 322.00 657.66 Td (Equity) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 314.60 650.66 Td (Incentive) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 328.60 643.66 Td (Plan) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 319.40 636.66 Td (A) Tj ET Q
q 0 0 0 rg BT 323.94 636.66 Td (wards) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 311.10 629.66 Td (Maximum) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 328.75 622.66 Td (\(#\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 336.91 625.83 Td (\(2\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 371.30 678.66 Td (All) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 360.70 671.66 Td ( Other) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 363.50 664.66 Td (Stock) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 355.10 657.66 Td (A) Tj ET Q
q 0 0 0 rg BT 359.64 657.66 Td (wards:) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 355.45 650.66 Td (Number) Tj ET Q
q 0 0 0 rg BT 380.21 650.66 Td ( ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 352.55 643.66 Td (of Shar) Tj ET Q
q 0 0 0 rg BT 374.40 643.66 Td (es) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 355.90 636.66 Td (of Stock ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 364.30 629.66 Td (Units) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 366.75 622.66 Td (\(#\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 374.91 625.83 Td (\(3\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 391.75 664.66 Td (All Other) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 399.20 657.66 Td (Option) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 395.10 650.66 Td (A) Tj ET Q
q 0 0 0 rg BT 399.90 650.66 Td (wards:) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 387.90 643.66 Td (Number) Tj ET Q
q 0 0 0 rg BT 412.72 643.66 Td ( of) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 391.05 636.66 Td (Securities) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 386.40 629.66 Td (Underlying) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 386.60 622.66 Td (Options \(#\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 431.10 657.66 Td (Exer) Tj ET Q
q 0 0 0 rg BT 445.36 657.66 Td (cise) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 434.00 650.66 Td (or) Tj ET Q
q 0 0 0 rg BT 440.48 650.66 Td ( Base) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 433.10 643.66 Td (Price of) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 435.20 636.66 Td (Option) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 433.40 629.66 Td (A) Tj ET Q
q 0 0 0 rg BT 437.94 629.66 Td (wards) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 438.35 622.66 Td (\($/Sh\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 465.95 643.66 Td (Grant) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 470.25 636.66 Td (Date) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 467.90 629.66 Td (Close) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 468.70 622.66 Td (Price) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 509.95 657.66 Td (Grant) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 499.80 650.66 Td (Date Fair) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 503.80 643.66 Td (V) Tj ET Q
q 0 0 0 rg BT 508.21 643.66 Td (alue of) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 498.45 636.66 Td (Stock and ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 507.20 629.66 Td (Option ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 500.10 622.66 Td (A) Tj ET Q
q 0 0 0 rg BT 504.64 622.66 Td (wards) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 522.91 625.83 Td (\(4\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 65.25 610.65 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 85.86 610.65 Td (A. Sullivan) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 610.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 610.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 610.65 Td (71,669) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 610.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 500.25 610.65 Td (2,550,000) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 612.63 Td (\(5\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 598.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 598.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 234.65 598.65 Td (17,917) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 280.65 598.65 Td (71,669) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 320.15 598.65 Td (107,504) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 598.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 500.85 598.65 Td (2,696,904) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 600.63 Td (\(6\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 65.25 586.65 Td (Peter H. Nachtwey) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 586.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 586.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 586.65 Td (21,255) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 586.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 586.65 Td (756,250) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 588.63 Td (\(5\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 574.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 574.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 238.15 574.65 Td (5,314) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 280.65 574.65 Td (21,255) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 323.65 574.65 Td (31,883) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 574.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 574.65 Td (799,826) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 576.63 Td (\(6\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 65.25 562.65 Td (T) Tj ET Q
q 0 0 0 rg BT 69.28 562.65 Td (erence ) Tj ET Q
q 0 0 0 rg BT 88.85 562.65 Td (A. Johnson) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 562.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 562.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 562.65 Td (17,092) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 562.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 562.65 Td (608,126) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 564.63 Td (\(5\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 550.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 550.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 238.15 550.65 Td (4,273) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 280.65 550.65 Td (17,092) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 323.65 550.65 Td (25,638) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 550.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 550.65 Td (643,172) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 552.63 Td (\(6\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 65.25 538.65 Td (Patricia Lattin) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 538.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 538.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 365.15 538.65 Td (5,972) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 538.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 538.65 Td (212,500) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 540.63 Td (\(5\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 526.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 526.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 238.15 526.65 Td (1,493) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 284.15 526.65 Td (5,972) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.15 526.65 Td (8,958) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 526.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 526.65 Td (224,726) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 528.63 Td (\(6\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 65.25 514.65 Td (Thomas C. Merchant) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 514.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 514.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 514.65 Td (12,050) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 514.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 514.65 Td (428,750) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 516.63 Td (\(5\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 502.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 502.65 Td (4/29/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 238.15 502.65 Td (3,013) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 280.65 502.65 Td (12,050) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 323.65 502.65 Td (18,075) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 502.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 502.65 Td (453,442) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 504.63 Td (\(6\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 65.25 491.25 Td (Frances L. Cashman) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 491.25 Td ( 5/16/2012) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 491.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 405.15 491.25 Td (2,1) Tj ET Q
q 0 0 0 rg BT 413.90 491.25 Td (12) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 491.25 Td (23.72) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 491.25 Td (24.05) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 509.65 491.25 Td (20,001) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 492.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 479.25 Td ( 5/16/2013) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 479.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 405.15 479.25 Td (3,298) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 479.25 Td (35.16) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 479.25 Td (35.28) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 509.65 479.25 Td (40,005) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 480.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 467.25 Td ( 5/16/2014) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 467.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 405.15 467.25 Td (6,650) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 467.25 Td (47.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 467.25 Td (48.10) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 509.65 467.25 Td (80,000) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 468.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 455.25 Td ( 5/16/2014) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 455.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 405.15 455.25 Td (3,325) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 455.25 Td (47.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 455.25 Td (48.10) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 509.65 455.25 Td (40,000) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 456.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 443.25 Td ( 5/15/2015) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 443.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 401.65 443.25 Td (1) Tj ET Q
q 0 0 0 rg BT 405.15 443.25 Td (1,754) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 443.25 Td (54.51) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 443.25 Td (54.69) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 443.25 Td (131,997) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 444.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 431.25 Td ( 5/02/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 431.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 401.65 431.25 Td (13,228) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 431.25 Td (31.57) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 431.25 Td (31.90) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 431.25 Td (100,004) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 432.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 419.25 Td ( 5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 419.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 419.25 Td (19,437) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 419.25 Td (30.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 419.25 Td (607,212) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 420.63 Td (\(8\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 407.25 Td ( 5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 407.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 407.25 Td (17,422) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 407.25 Td (37.79) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 407.25 Td (655,764) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 408.63 Td (\(8\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 395.25 Td ( 5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 395.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 395.25 Td (1) Tj ET Q
q 0 0 0 rg BT 365.15 395.25 Td (1,747) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 395.25 Td (38.95) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 395.25 Td (460,013) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 396.63 Td (\(8\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 383.25 Td ( 5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 383.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 383.25 Td (1) Tj ET Q
q 0 0 0 rg BT 365.15 383.25 Td (1,769) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 383.25 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 383.25 Td (418,750) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 384.63 Td (\(8\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 371.25 Td ( 5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 371.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 238.15 371.25 Td (2,937) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 280.65 371.25 Td (1) Tj ET Q
q 0 0 0 rg BT 284.15 371.25 Td (1,747) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 323.65 371.25 Td (17,621) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 371.25 Td (39.16) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 371.25 Td (419,015) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 372.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 136.10 359.25 Td ( 5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 359.25 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 238.15 359.25 Td (2,942) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 280.65 359.25 Td (1) Tj ET Q
q 0 0 0 rg BT 284.15 359.25 Td (1,769) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 323.65 359.25 Td (17,654) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 359.25 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 359.25 Td (442,867) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 360.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 65.25 346.65 Td (Thomas K. Hoops) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 346.65 Td (5/16/2014) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 346.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 405.15 346.65 Td (5,542) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 346.65 Td (47.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 346.65 Td (48.10) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 509.65 346.65 Td (66,670) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 348.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 334.65 Td (5/15/2015) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 334.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 401.65 334.65 Td (38,557) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 334.65 Td (54.51) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 334.65 Td (54.69) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 334.65 Td (432,995) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 336.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 322.65 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 322.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 401.65 322.65 Td (49,745) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 322.65 Td (31.24) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 322.65 Td (30.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 322.65 Td (390,001) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 324.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 310.65 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 310.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 401.65 310.65 Td (46,819) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 441.15 310.65 Td (37.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 310.65 Td (37.79) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 310.65 Td (390,002) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 312.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 298.65 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 298.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 298.65 Td (12,484) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 298.65 Td (30.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 298.65 Td (390,000) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 300.63 Td (\(8\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 286.65 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 286.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 286.65 Td (10,361) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 286.65 Td (37.79) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 286.65 Td (389,988) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 288.63 Td (\(8\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 274.65 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 274.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 274.65 Td (16,918) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 274.65 Td (38.95) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 274.65 Td (662,509) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 276.63 Td (\(8\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 262.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 262.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 361.65 262.65 Td (16,793) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 262.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 262.65 Td (597,500) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 264.63 Td (\(8\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 250.65 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 250.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 238.15 250.65 Td (3,103) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 280.65 250.65 Td (12,412) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 323.65 250.65 Td (18,619) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 250.65 Td (37.79) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 250.65 Td (389,985) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 252.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 238.65 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 238.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 238.15 238.65 Td (4,230) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 280.65 238.65 Td (16,918) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 323.65 238.65 Td (25,377) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 238.65 Td (39.16) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 238.65 Td (603,465) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 240.63 Td (\(7\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 137.85 226.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 181.85 226.65 Td (5/20/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 238.15 226.65 Td (4,198) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 280.65 226.65 Td (16,793) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 323.65 226.65 Td (25,190) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 469.10 226.65 Td (36.29) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 506.15 226.65 Td (631,921) Tj ET Q
BT /F1 5.00 Tf ET
q 0 0 0 rg BT 534.25 228.63 Td (\(7\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 201.50 Td (\(1\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 201.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 201.50 Td (A) Tj ET Q
q 0 0 0 rg BT 72.54 201.50 Td (wards ) Tj ET Q
q 0 0 0 rg BT 93.65 201.50 Td (granted ) Tj ET Q
q 0 0 0 rg BT 119.64 201.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 129.64 201.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 146.30 201.50 Td (15, ) Tj ET Q
q 0 0 0 rg BT 158.30 201.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 176.30 201.50 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 198.73 201.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 241.14 201.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 252.47 201.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 271.80 201.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 287.56 201.50 Td (2019. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 189.50 Td (\(2\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 189.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 189.50 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 110.22 189.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 128.95 189.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 146.36 189.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 163.75 189.50 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 192.70 189.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 202.55 189.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 219.07 189.50 Td (15, ) Tj ET Q
q 0 0 0 rg BT 230.92 189.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 248.77 189.50 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 278.17 189.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 286.25 189.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 298.76 189.50 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 316.61 189.50 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 339.80 189.50 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 371.41 189.50 Td (Plan. ) Tj ET Q
q 0 0 0 rg BT 389.48 189.50 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 432.20 189.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 450.93 189.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 468.34 189.50 Td (may ) Tj ET Q
q 0 0 0 rg BT 483.97 189.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 493.37 189.50 Td (earned ) Tj ET Q
q 0 0 0 rg BT 516.54 189.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 529.94 189.50 Td (vested ) Tj ET Q
q 0 0 0 rg BT 552.23 189.50 Td (at ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 179.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.50 179.90 Td (end ) Tj ET Q
q 0 0 0 rg BT 93.28 179.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 102.18 179.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 107.96 179.90 Td (three ) Tj ET Q
q 0 0 0 rg BT 126.17 179.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 142.17 179.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 184.82 179.90 Td (period ) Tj ET Q
q 0 0 0 rg BT 207.48 179.90 Td (based ) Tj ET Q
q 0 0 0 rg BT 227.93 179.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 238.16 179.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 256.83 179.90 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 280.83 179.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 286.17 179.90 Td (or) Tj ET Q
q 0 0 0 rg BT 292.69 179.90 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 312.24 179.90 Td (growth ) Tj ET Q
q 0 0 0 rg BT 337.13 179.90 Td (rate ) Tj ET Q
q 0 0 0 rg BT 351.35 179.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 365.13 179.90 Td (relative ) Tj ET Q
q 0 0 0 rg BT 391.35 179.90 Td (total ) Tj ET Q
q 0 0 0 rg BT 407.79 179.90 Td (stockholder ) Tj ET Q
q 0 0 0 rg BT 447.35 179.90 Td (return ) Tj ET Q
q 0 0 0 rg BT 468.68 179.90 Td (ranked ) Tj ET Q
q 0 0 0 rg BT 492.67 179.90 Td (against ) Tj ET Q
q 0 0 0 rg BT 517.56 179.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 523.34 179.90 Td (peer ) Tj ET Q
q 0 0 0 rg BT 539.34 179.90 Td (group ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 170.30 Td (which, ) Tj ET Q
q 0 0 0 rg BT 91.16 170.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 99.93 170.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.70 170.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 131.68 170.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 143.79 170.30 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 163.89 170.30 Td (includes ) Tj ET Q
q 0 0 0 rg BT 192.66 170.30 Td (15 ) Tj ET Q
q 0 0 0 rg BT 202.76 170.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 221.30 170.30 Td (firms. ) Tj ET Q
q 0 0 0 rg BT 242.14 170.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 256.69 170.30 Td (potential ) Tj ET Q
q 0 0 0 rg BT 286.79 170.30 Td (payout ) Tj ET Q
q 0 0 0 rg BT 310.66 170.30 Td (ranges ) Tj ET Q
q 0 0 0 rg BT 333.65 170.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 351.30 170.30 Td (0 ) Tj ET Q
q 0 0 0 rg BT 357.41 170.30 Td (- ) Tj ET Q
q 0 0 0 rg BT 362.18 170.30 Td (150%. ) Tj ET Q
q 0 0 0 rg BT 384.80 170.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 399.34 170.30 Td (three ) Tj ET Q
q 0 0 0 rg BT 417.43 170.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 433.30 170.30 Td (period ) Tj ET Q
q 0 0 0 rg BT 455.85 170.30 Td (began ) Tj ET Q
q 0 0 0 rg BT 477.05 170.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 486.70 170.30 Td (April ) Tj ET Q
q 0 0 0 rg BT 505.69 170.30 Td (1, ) Tj ET Q
q 0 0 0 rg BT 513.79 170.30 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 531.90 170.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 545.55 170.30 Td (will ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 160.70 Td (end ) Tj ET Q
q 0 0 0 rg BT 81.05 160.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 91.05 160.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 113.93 160.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 125.93 160.70 Td (2022. ) Tj ET Q
endstream
endobj
345 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 346 0 R>>
endobj
346 0 obj
<</Length 30335>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (170) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 742.10 Td (\(3\) ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.83 742.10 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 742.10 Td (Restricted ) Tj ET Q
q 0 0 0 rg BT 101.97 742.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 120.90 742.10 Td (units ) Tj ET Q
q 0 0 0 rg BT 138.50 742.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 156.09 742.10 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 185.22 742.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 195.26 742.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 211.97 742.10 Td (15, ) Tj ET Q
q 0 0 0 rg BT 224.01 742.10 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 242.05 742.10 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 271.64 742.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 279.90 742.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 292.61 742.10 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 310.65 742.10 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 334.02 742.10 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 365.83 742.10 Td (Plan. ) Tj ET Q
q 0 0 0 rg BT 383.94 742.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 398.42 742.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 430.22 742.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 449.15 742.10 Td (units ) Tj ET Q
q 0 0 0 rg BT 466.75 742.10 Td (vest ) Tj ET Q
q 0 0 0 rg BT 481.68 742.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 489.94 742.10 Td (25% ) Tj ET Q
q 0 0 0 rg BT 506.65 742.10 Td (increments ) Tj ET Q
q 0 0 0 rg BT 543.79 742.10 Td (over ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 732.50 Td (four ) Tj ET Q
q 0 0 0 rg BT 82.61 732.50 Td (years ) Tj ET Q
q 0 0 0 rg BT 101.28 732.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 110.67 732.50 Td (April ) Tj ET Q
q 0 0 0 rg BT 129.34 732.50 Td (30, ) Tj ET Q
q 0 0 0 rg BT 141.12 732.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 160.51 732.50 Td (April ) Tj ET Q
q 0 0 0 rg BT 179.18 732.50 Td (30, ) Tj ET Q
q 0 0 0 rg BT 190.97 732.50 Td (2021, ) Tj ET Q
q 0 0 0 rg BT 210.36 732.50 Td (April ) Tj ET Q
q 0 0 0 rg BT 229.03 732.50 Td (30, ) Tj ET Q
q 0 0 0 rg BT 240.81 732.50 Td (2022 ) Tj ET Q
q 0 0 0 rg BT 258.60 732.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 271.54 732.50 Td (April ) Tj ET Q
q 0 0 0 rg BT 290.21 732.50 Td (30, ) Tj ET Q
q 0 0 0 rg BT 301.99 732.50 Td (2023. ) Tj ET Q
q 0 0 0 rg BT 321.78 732.50 Td (Dividends ) Tj ET Q
q 0 0 0 rg BT 356.45 732.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 368.00 732.50 Td (paid ) Tj ET Q
q 0 0 0 rg BT 383.56 732.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 393.34 732.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 415.12 732.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 423.56 732.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 455.11 732.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 473.78 732.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 491.12 732.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 498.68 732.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 510.24 732.50 Td (same ) Tj ET Q
q 0 0 0 rg BT 528.46 732.50 Td (time, ) Tj ET Q
q 0 0 0 rg BT 546.46 732.50 Td (and ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 722.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 75.59 722.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 87.24 722.90 Td (same ) Tj ET Q
q 0 0 0 rg BT 105.55 722.90 Td (amounts, ) Tj ET Q
q 0 0 0 rg BT 136.53 722.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 145.07 722.90 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 178.05 722.90 Td (are ) Tj ET Q
q 0 0 0 rg BT 189.69 722.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 205.33 722.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 215.20 722.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 233.51 722.90 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 272.72 722.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 294.58 722.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 303.12 722.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 315.65 722.90 Td (common ) Tj ET Q
q 0 0 0 rg BT 345.52 722.90 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 366.28 722.90 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 400.14 722.90 Td (of) Tj ET Q
q 0 0 0 rg BT 406.66 722.90 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 426.29 722.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 443.71 722.90 Td (permitted ) Tj ET Q
q 0 0 0 rg BT 476.24 722.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 484.33 722.90 Td (elect ) Tj ET Q
q 0 0 0 rg BT 501.30 722.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 509.40 722.90 Td (defer ) Tj ET Q
q 0 0 0 rg BT 527.70 722.90 Td (receipt ) Tj ET Q
q 0 0 0 rg BT 551.33 722.90 Td (of ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 713.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 89.09 713.30 Td (after ) Tj ET Q
q 0 0 0 rg BT 105.34 713.30 Td (vesting. ) Tj ET Q
q 0 0 0 rg BT 132.04 713.30 Td (Mr) Tj ET Q
q 0 0 0 rg BT 141.38 713.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 144.98 713.30 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 177.23 713.30 Td (made ) Tj ET Q
q 0 0 0 rg BT 196.15 713.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 201.29 713.30 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 227.76 713.30 Td (election ) Tj ET Q
q 0 0 0 rg BT 254.67 713.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 270.49 713.30 Td (respect ) Tj ET Q
q 0 0 0 rg BT 294.74 713.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 302.56 713.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 313.93 713.30 Td (May ) Tj ET Q
q 0 0 0 rg BT 330.19 713.30 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 347.79 713.30 Td (award. ) Tj ET Q
q 0 0 0 rg BT 370.58 713.30 Td (Any ) Tj ET Q
q 0 0 0 rg BT 385.95 713.30 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 412.42 713.30 Td (had ) Tj ET Q
q 0 0 0 rg BT 425.56 713.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 433.38 713.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 450.08 713.30 Td (been ) Tj ET Q
q 0 0 0 rg BT 466.78 713.30 Td (made ) Tj ET Q
q 0 0 0 rg BT 485.70 713.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 493.52 713.30 Td (five ) Tj ET Q
q 0 0 0 rg BT 507.55 713.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 522.92 713.30 Td (increments ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 703.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 84.89 703.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 96.51 703.70 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 131.22 703.70 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 156.18 703.70 Td (date ) Tj ET Q
q 0 0 0 rg BT 171.34 703.70 Td (\(and ) Tj ET Q
q 0 0 0 rg BT 187.40 703.70 Td (only ) Tj ET Q
q 0 0 0 rg BT 203.47 703.70 Td (one ) Tj ET Q
q 0 0 0 rg BT 216.86 703.70 Td (designated ) Tj ET Q
q 0 0 0 rg BT 252.91 703.70 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 279.62 703.70 Td (date ) Tj ET Q
q 0 0 0 rg BT 294.79 703.70 Td (could ) Tj ET Q
q 0 0 0 rg BT 314.41 703.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 323.80 703.70 Td (elected ) Tj ET Q
q 0 0 0 rg BT 348.29 703.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 359.46 703.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 372.86 703.70 Td (award ) Tj ET Q
q 0 0 0 rg BT 394.24 703.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 402.75 703.70 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 434.35 703.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 453.08 703.70 Td (units\). ) Tj ET Q
q 0 0 0 rg BT 474.74 703.70 Td (A) Tj ET Q
q 0 0 0 rg BT 480.08 703.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 481.92 703.70 Td (designated ) Tj ET Q
q 0 0 0 rg BT 517.97 703.70 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 544.68 703.70 Td (date ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 694.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 81.67 694.10 Td (cease ) Tj ET Q
q 0 0 0 rg BT 100.71 694.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 108.65 694.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 117.93 694.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 124.00 694.10 Td (fective ) Tj ET Q
q 0 0 0 rg BT 147.48 694.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 160.75 694.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 174.03 694.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 202.39 694.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 233.88 694.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 252.49 694.10 Td (units ) Tj ET Q
q 0 0 0 rg BT 269.77 694.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 283.94 694.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 293.21 694.10 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 329.15 694.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 337.54 694.10 Td (permitted ) Tj ET Q
q 0 0 0 rg BT 369.92 694.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 389.86 694.10 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 424.45 694.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 435.95 694.10 Td (law ) Tj ET Q
q 0 0 0 rg BT 449.22 694.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 466.94 694.10 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 476.21 694.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 481.49 694.10 Td (separation ) Tj ET Q
q 0 0 0 rg BT 516.09 694.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 533.36 694.10 Td (service, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 684.50 Td (including ) Tj ET Q
q 0 0 0 rg BT 99.94 684.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 105.72 684.50 Td (separation ) Tj ET Q
q 0 0 0 rg BT 140.82 684.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 158.60 684.50 Td (service ) Tj ET Q
q 0 0 0 rg BT 183.48 684.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 197.25 684.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 205.70 684.50 Td (death ) Tj ET Q
q 0 0 0 rg BT 225.25 684.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 234.14 684.50 Td (disability) Tj ET Q
q 0 0 0 rg BT 263.40 684.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 267.62 684.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 276.51 684.50 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 288.51 684.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 294.29 684.50 Td (change ) Tj ET Q
q 0 0 0 rg BT 319.17 684.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 328.06 684.50 Td (control ) Tj ET Q
q 0 0 0 rg BT 352.94 684.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 361.83 684.50 Td (defined ) Tj ET Q
q 0 0 0 rg BT 388.04 684.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 396.49 684.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.49 684.50 Td (award ) Tj ET Q
q 0 0 0 rg BT 430.26 684.50 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 465.80 684.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 477.35 684.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.35 684.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 521.34 684.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 540.45 684.50 Td (units. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 672.50 Td (See ) Tj ET Q
q 0 0 0 rg BT 81.05 672.50 Td (�Potential ) Tj ET Q
q 0 0 0 rg BT 115.04 672.50 Td (Payments ) Tj ET Q
q 0 0 0 rg BT 148.15 672.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 158.01 672.50 Td (T) Tj ET Q
q 0 0 0 rg BT 162.34 672.50 Td (ermination ) Tj ET Q
q 0 0 0 rg BT 198.99 672.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 207.66 672.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 213.21 672.50 Td (Change ) Tj ET Q
q 0 0 0 rg BT 239.64 672.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.31 672.50 Td (Control,� ) Tj ET Q
q 0 0 0 rg BT 280.30 672.50 Td (below) Tj ET Q
q 0 0 0 rg BT 299.34 672.50 Td (.�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 303.34 672.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 660.50 Td (\(4\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 660.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 660.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 81.58 660.50 Td (grant ) Tj ET Q
q 0 0 0 rg BT 99.65 660.50 Td (date ) Tj ET Q
q 0 0 0 rg BT 114.62 660.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 127.36 660.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 146.32 660.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 153.30 660.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 164.71 660.50 Td (total ) Tj ET Q
q 0 0 0 rg BT 180.57 660.50 Td (amount ) Tj ET Q
q 0 0 0 rg BT 206.21 660.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 219.84 660.50 Td (we ) Tj ET Q
q 0 0 0 rg BT 230.81 660.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 244.89 660.50 Td (recognize ) Tj ET Q
q 0 0 0 rg BT 277.62 660.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 285.93 660.50 Td (an ) Tj ET Q
q 0 0 0 rg BT 295.12 660.50 Td (expense ) Tj ET Q
q 0 0 0 rg BT 322.52 660.50 Td (over ) Tj ET Q
q 0 0 0 rg BT 338.38 660.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 349.79 660.50 Td (award�) Tj ET Q
q 0 0 0 rg BT 371.56 660.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 376.31 660.50 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 401.06 660.50 Td (period ) Tj ET Q
q 0 0 0 rg BT 423.14 660.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 442.99 660.50 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 477.50 660.50 Td (accounting ) Tj ET Q
q 0 0 0 rg BT 514.24 660.50 Td (requirements. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 650.90 Td (For ) Tj ET Q
q 0 0 0 rg BT 80.61 650.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 104.38 650.90 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 131.03 650.90 Td (identified ) Tj ET Q
q 0 0 0 rg BT 163.69 650.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 171.91 650.90 Td (footnotes ) Tj ET Q
q 0 0 0 rg BT 203.68 650.90 Td (below) Tj ET Q
q 0 0 0 rg BT 222.71 650.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 226.71 650.90 Td (incremental ) Tj ET Q
q 0 0 0 rg BT 266.47 650.90 Td (expense ) Tj ET Q
q 0 0 0 rg BT 294.24 650.90 Td (resulted ) Tj ET Q
q 0 0 0 rg BT 321.56 650.90 Td (from ) Tj ET Q
q 0 0 0 rg BT 339.11 650.90 Td (modification ) Tj ET Q
q 0 0 0 rg BT 381.99 650.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 390.66 650.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 402.43 650.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 427.09 650.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 437.09 650.90 Td (May ) Tj ET Q
q 0 0 0 rg BT 453.75 650.90 Td (20, ) Tj ET Q
q 0 0 0 rg BT 465.75 650.90 Td (2019.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 638.90 Td (\(5\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 638.90 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 638.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 82.16 638.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 114.14 638.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 133.25 638.90 Td (units ) Tj ET Q
q 0 0 0 rg BT 151.03 638.90 Td (grant ) Tj ET Q
q 0 0 0 rg BT 169.69 638.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 185.24 638.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 198.56 638.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 218.11 638.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 232.77 638.90 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 267.41 638.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 277.63 638.90 Td (multiplying ) Tj ET Q
q 0 0 0 rg BT 317.19 638.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 329.19 638.90 Td (number ) Tj ET Q
q 0 0 0 rg BT 355.85 638.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 364.73 638.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 396.71 638.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 415.82 638.90 Td (units ) Tj ET Q
q 0 0 0 rg BT 433.60 638.90 Td (granted ) Tj ET Q
q 0 0 0 rg BT 459.81 638.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 470.04 638.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 482.03 638.90 Td (average ) Tj ET Q
q 0 0 0 rg BT 509.12 638.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.00 638.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 530.00 638.90 Td (high ) Tj ET Q
q 0 0 0 rg BT 546.44 638.90 Td (and ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 629.30 Td (low ) Tj ET Q
q 0 0 0 rg BT 81.50 629.30 Td (trading ) Tj ET Q
q 0 0 0 rg BT 106.16 629.30 Td (prices ) Tj ET Q
q 0 0 0 rg BT 127.26 629.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 135.93 629.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 148.59 629.30 Td (common ) Tj ET Q
q 0 0 0 rg BT 178.59 629.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 197.47 629.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 207.47 629.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 219.25 629.30 Td (NYSE ) Tj ET Q
q 0 0 0 rg BT 242.14 629.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 252.14 629.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.91 629.30 Td (grant ) Tj ET Q
q 0 0 0 rg BT 282.35 629.30 Td (date. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 617.30 Td (\(6\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 617.30 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 617.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 81.93 617.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 124.33 617.30 Td (share ) Tj ET Q
q 0 0 0 rg BT 143.20 617.30 Td (units ) Tj ET Q
q 0 0 0 rg BT 160.75 617.30 Td (grant ) Tj ET Q
q 0 0 0 rg BT 179.17 617.30 Td (date ) Tj ET Q
q 0 0 0 rg BT 194.48 617.30 Td (fair ) Tj ET Q
q 0 0 0 rg BT 207.57 617.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 226.89 617.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 241.32 617.30 Td (estimated ) Tj ET Q
q 0 0 0 rg BT 273.96 617.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 294.16 617.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 304.15 617.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 309.69 617.30 Td (multiple ) Tj ET Q
q 0 0 0 rg BT 338.34 617.30 Td (fair ) Tj ET Q
q 0 0 0 rg BT 351.43 617.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 370.75 617.30 Td (Monte ) Tj ET Q
q 0 0 0 rg BT 393.62 617.30 Td (Carlo ) Tj ET Q
q 0 0 0 rg BT 413.38 617.30 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 438.03 617.30 Td (model, ) Tj ET Q
q 0 0 0 rg BT 462.02 617.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 475.55 617.30 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 509.96 617.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 517.73 617.30 Td ($37.63. ) Tj ET Q
q 0 0 0 rg BT 543.71 617.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 545.56 617.30 Td (The ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 607.70 Td (following ) Tj ET Q
q 0 0 0 rg BT 100.61 607.70 Td (assumptions ) Tj ET Q
q 0 0 0 rg BT 142.17 607.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 159.71 607.70 Td (made ) Tj ET Q
q 0 0 0 rg BT 179.04 607.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 190.36 607.70 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 220.80 607.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 229.47 607.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 241.24 607.70 Td (May ) Tj ET Q
q 0 0 0 rg BT 257.91 607.70 Td (15, ) Tj ET Q
q 0 0 0 rg BT 269.91 607.70 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 287.91 607.70 Td (calculation:) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 193.75 588.45 Td (Expected Dividend ) Tj ET Q
q 0 0 0 rg BT 257.14 588.45 Td (Y) Tj ET Q
q 0 0 0 rg BT 262.54 588.45 Td (ield) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.05 588.45 Td (4.41) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.05 588.45 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 193.75 575.45 Td (A) Tj ET Q
q 0 0 0 rg BT 199.23 575.45 Td (verage Expected Stock Price ) Tj ET Q
q 0 0 0 rg BT 292.60 575.45 Td (V) Tj ET Q
q 0 0 0 rg BT 297.79 575.45 Td (olatility) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 390.05 575.45 Td (23.96) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.05 575.45 Td (%) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 193.75 562.45 Td (Risk Free Interest Rate) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 394.05 562.45 Td (2.1) Tj ET Q
q 0 0 0 rg BT 404.05 562.45 Td (1) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 408.05 562.45 Td (%) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 549.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 81.74 549.10 Td (actual ) Tj ET Q
q 0 0 0 rg BT 102.65 549.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 121.78 549.10 Td (realized, ) Tj ET Q
q 0 0 0 rg BT 150.89 549.10 Td (if ) Tj ET Q
q 0 0 0 rg BT 157.59 549.10 Td (any) Tj ET Q
q 0 0 0 rg BT 168.62 549.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 172.42 549.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 186.67 549.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 196.03 549.10 Td (dependent ) Tj ET Q
q 0 0 0 rg BT 230.71 549.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 240.52 549.10 Td (overall ) Tj ET Q
q 0 0 0 rg BT 264.53 549.10 Td (market ) Tj ET Q
q 0 0 0 rg BT 288.55 549.10 Td (conditions, ) Tj ET Q
q 0 0 0 rg BT 325.69 549.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 338.16 549.10 Td (future ) Tj ET Q
q 0 0 0 rg BT 359.07 549.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 401.29 549.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 414.65 549.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 426.22 549.10 Td (future ) Tj ET Q
q 0 0 0 rg BT 447.13 549.10 Td (prices ) Tj ET Q
q 0 0 0 rg BT 468.04 549.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 476.51 549.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 488.98 549.10 Td (common ) Tj ET Q
q 0 0 0 rg BT 518.78 549.10 Td (stock. ) Tj ET Q
q 0 0 0 rg BT 539.34 549.10 Td (There ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 539.50 Td (can ) Tj ET Q
q 0 0 0 rg BT 80.60 539.50 Td (be ) Tj ET Q
q 0 0 0 rg BT 90.15 539.50 Td (no ) Tj ET Q
q 0 0 0 rg BT 100.15 539.50 Td (assurances ) Tj ET Q
q 0 0 0 rg BT 136.36 539.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 150.36 539.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 162.13 539.50 Td (actual ) Tj ET Q
q 0 0 0 rg BT 183.23 539.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 202.55 539.50 Td (realized ) Tj ET Q
q 0 0 0 rg BT 229.86 539.50 Td (will ) Tj ET Q
q 0 0 0 rg BT 244.31 539.50 Td (approximate ) Tj ET Q
q 0 0 0 rg BT 286.29 539.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.07 539.50 Td (amount ) Tj ET Q
q 0 0 0 rg BT 324.06 539.50 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 358.48 539.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 378.70 539.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.47 539.50 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 422.24 539.50 Td (model.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 527.50 Td (\(7\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 527.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 527.50 Td (On ) Tj ET Q
q 0 0 0 rg BT 79.24 527.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 95.86 527.50 Td (20, ) Tj ET Q
q 0 0 0 rg BT 107.82 527.50 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 127.78 527.50 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 167.07 527.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 185.92 527.50 Td (option ) Tj ET Q
q 0 0 0 rg BT 208.33 527.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 232.94 527.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 246.45 527.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 288.83 527.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 307.67 527.50 Td (unit ) Tj ET Q
q 0 0 0 rg BT 322.07 527.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 346.69 527.50 Td (issued ) Tj ET Q
q 0 0 0 rg BT 368.65 527.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 376.83 527.50 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 391.02 527.50 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 422.75 527.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 436.26 527.50 Td (Mr) Tj ET Q
q 0 0 0 rg BT 445.60 527.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 449.56 527.50 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 472.41 527.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 489.91 527.50 Td (modified ) Tj ET Q
q 0 0 0 rg BT 520.76 527.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 528.94 527.50 Td (allow ) Tj ET Q
q 0 0 0 rg BT 548.67 527.50 Td (for ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 517.90 Td (continued ) Tj ET Q
q 0 0 0 rg BT 101.24 517.90 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 126.55 517.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 159.86 517.90 Td (termination ) Tj ET Q
q 0 0 0 rg BT 198.93 517.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.79 517.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 224.65 517.90 Td (employment. ) Tj ET Q
q 0 0 0 rg BT 268.68 517.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 283.32 517.90 Td (numbers ) Tj ET Q
q 0 0 0 rg BT 313.07 517.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 321.93 517.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 344.12 517.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 357.86 517.90 Td (grant ) Tj ET Q
q 0 0 0 rg BT 376.50 517.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 392.02 517.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 405.32 517.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 424.84 517.90 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 454.15 517.90 Td (represent ) Tj ET Q
q 0 0 0 rg BT 485.66 517.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 497.63 517.90 Td (original ) Tj ET Q
q 0 0 0 rg BT 524.71 517.90 Td (award ) Tj ET Q
q 0 0 0 rg BT 546.45 517.90 Td (and ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 508.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.39 508.30 Td (original ) Tj ET Q
q 0 0 0 rg BT 106.40 508.30 Td (fair ) Tj ET Q
q 0 0 0 rg BT 119.62 508.30 Td (value ) Tj ET Q
q 0 0 0 rg BT 139.07 508.30 Td (amount ) Tj ET Q
q 0 0 0 rg BT 165.18 508.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 175.30 508.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.20 508.30 Td (date ) Tj ET Q
q 0 0 0 rg BT 202.64 508.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 211.43 508.30 Td (grant. ) Tj ET Q
q 0 0 0 rg BT 231.83 508.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 246.39 508.30 Td (incremental ) Tj ET Q
q 0 0 0 rg BT 286.27 508.30 Td (expense ) Tj ET Q
q 0 0 0 rg BT 314.16 508.30 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 351.37 508.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 360.16 508.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 365.83 508.30 Td (result ) Tj ET Q
q 0 0 0 rg BT 385.72 508.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 394.51 508.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 406.40 508.30 Td (modification ) Tj ET Q
q 0 0 0 rg BT 449.40 508.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 458.19 508.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 477.19 508.30 Td (option ) Tj ET Q
q 0 0 0 rg BT 499.76 508.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 524.54 508.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 532.00 508.30 Td ($88,126 ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 498.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 80.80 498.70 Td ($490,822, ) Tj ET Q
q 0 0 0 rg BT 114.56 498.70 Td (respectively ) Tj ET Q
q 0 0 0 rg BT 154.96 498.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 166.04 498.70 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 180.02 498.70 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 211.54 498.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 224.85 498.70 Td (Mr) Tj ET Q
q 0 0 0 rg BT 234.18 498.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 237.94 498.70 Td (Hoops. ) Tj ET Q
q 0 0 0 rg BT 262.45 498.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 276.65 498.70 Td (incremental ) Tj ET Q
q 0 0 0 rg BT 316.16 498.70 Td (expense ) Tj ET Q
q 0 0 0 rg BT 343.67 498.70 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 380.52 498.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 388.93 498.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 394.24 498.70 Td (result ) Tj ET Q
q 0 0 0 rg BT 413.76 498.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 422.18 498.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 433.71 498.70 Td (modification ) Tj ET Q
q 0 0 0 rg BT 476.34 498.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 484.76 498.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 526.93 498.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 545.56 498.70 Td (unit ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 489.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 92.08 489.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 99.33 489.10 Td ($703,243 ) Tj ET Q
q 0 0 0 rg BT 131.25 489.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 144.73 489.10 Td ($1,120,177, ) Tj ET Q
q 0 0 0 rg BT 184.65 489.10 Td (respectively ) Tj ET Q
q 0 0 0 rg BT 225.22 489.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 236.47 489.10 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 250.61 489.10 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 282.31 489.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 295.78 489.10 Td (Mr) Tj ET Q
q 0 0 0 rg BT 305.12 489.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 309.04 489.10 Td (Hoops. ) Tj ET Q
q 0 0 0 rg BT 333.85 489.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 335.63 489.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 349.99 489.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 368.80 489.10 Td (option ) Tj ET Q
q 0 0 0 rg BT 391.16 489.10 Td (grant ) Tj ET Q
q 0 0 0 rg BT 409.52 489.10 Td (date ) Tj ET Q
q 0 0 0 rg BT 424.77 489.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 437.79 489.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 457.03 489.10 Td (was ) Tj ET Q
q 0 0 0 rg BT 471.40 489.10 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 505.74 489.10 Td (using ) Tj ET Q
q 0 0 0 rg BT 525.00 489.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 536.69 489.10 Td (Black-) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 479.50 Td (Scholes ) Tj ET Q
q 0 0 0 rg BT 94.39 479.50 Td (option ) Tj ET Q
q 0 0 0 rg BT 116.83 479.50 Td (pricing ) Tj ET Q
q 0 0 0 rg BT 141.49 479.50 Td (model ) Tj ET Q
q 0 0 0 rg BT 163.49 479.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 182.81 479.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 192.81 479.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 204.59 479.50 Td (grant ) Tj ET Q
q 0 0 0 rg BT 223.02 479.50 Td (date.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 467.50 Td (\(8\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 467.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 467.50 Td (On ) Tj ET Q
q 0 0 0 rg BT 79.48 467.50 Td (May ) Tj ET Q
q 0 0 0 rg BT 96.34 467.50 Td (20, ) Tj ET Q
q 0 0 0 rg BT 108.54 467.50 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 128.74 467.50 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 168.27 467.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 200.24 467.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 219.32 467.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 237.08 467.50 Td (issued ) Tj ET Q
q 0 0 0 rg BT 259.28 467.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 267.71 467.50 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 282.13 467.50 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 314.11 467.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 327.86 467.50 Td (Mr) Tj ET Q
q 0 0 0 rg BT 337.19 467.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 341.39 467.50 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 364.48 467.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 382.23 467.50 Td (modified ) Tj ET Q
q 0 0 0 rg BT 413.31 467.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 421.73 467.50 Td (allow ) Tj ET Q
q 0 0 0 rg BT 441.71 467.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 453.23 467.50 Td (acceleration ) Tj ET Q
q 0 0 0 rg BT 494.07 467.50 Td (upon ) Tj ET Q
q 0 0 0 rg BT 512.27 467.50 Td (termination ) Tj ET Q
q 0 0 0 rg BT 551.35 467.50 Td (of ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 457.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 84.18 457.90 Td (employment. ) Tj ET Q
q 0 0 0 rg BT 128.05 457.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 142.52 457.90 Td (numbers ) Tj ET Q
q 0 0 0 rg BT 172.09 457.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.78 457.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 202.80 457.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.37 457.90 Td (grant ) Tj ET Q
q 0 0 0 rg BT 234.83 457.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 250.18 457.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 263.31 457.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 282.66 457.90 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 311.79 457.90 Td (represent ) Tj ET Q
q 0 0 0 rg BT 343.13 457.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 354.93 457.90 Td (original ) Tj ET Q
q 0 0 0 rg BT 381.84 457.90 Td (award ) Tj ET Q
q 0 0 0 rg BT 403.40 457.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 416.98 457.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 428.78 457.90 Td (original ) Tj ET Q
q 0 0 0 rg BT 455.68 457.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 468.81 457.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 488.16 457.90 Td (amount ) Tj ET Q
q 0 0 0 rg BT 514.18 457.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 524.20 457.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 536.00 457.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 551.35 457.90 Td (of ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 448.30 Td (grant. ) Tj ET Q
q 0 0 0 rg BT 88.08 448.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 102.84 448.30 Td (incremental ) Tj ET Q
q 0 0 0 rg BT 142.91 448.30 Td (expense ) Tj ET Q
q 0 0 0 rg BT 170.99 448.30 Td (recognized ) Tj ET Q
q 0 0 0 rg BT 208.39 448.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 217.37 448.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 223.24 448.30 Td (result ) Tj ET Q
q 0 0 0 rg BT 243.32 448.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 252.30 448.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 264.39 448.30 Td (modification ) Tj ET Q
q 0 0 0 rg BT 307.58 448.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 316.56 448.30 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 348.64 448.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 367.84 448.30 Td (unit ) Tj ET Q
q 0 0 0 rg BT 382.60 448.30 Td (awards ) Tj ET Q
q 0 0 0 rg BT 407.57 448.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 415.22 448.30 Td ($1,202,193 ) Tj ET Q
q 0 0 0 rg BT 453.54 448.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 467.40 448.30 Td ($1,349,517, ) Tj ET Q
q 0 0 0 rg BT 507.72 448.30 Td (respectively ) Tj ET Q
q 0 0 0 rg BT 548.68 448.30 Td (for ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 438.70 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 81.73 438.70 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 113.50 438.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 127.05 438.70 Td (Mr) Tj ET Q
q 0 0 0 rg BT 136.39 438.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 140.39 438.70 Td (Hoops. ) Tj ET Q
endstream
endobj
347 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 348 0 R>>
endobj
348 0 obj
<</Length 16979>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (171) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Outstanding ) Tj ET Q
q 0 0 0 rg BT 108.15 741.90 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 140.54 741.90 Td (A) Tj ET Q
q 0 0 0 rg BT 147.35 741.90 Td (wards ) Tj ET Q
q 0 0 0 rg BT 177.39 741.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 188.76 741.90 Td (Mar) Tj ET Q
q 0 0 0 rg BT 208.39 741.90 Td (ch ) Tj ET Q
q 0 0 0 rg BT 221.52 741.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 237.27 741.90 Td (2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (The following table provides information as of March 31, 2020 about the outstanding equity awards held by our named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (executive of) Tj ET Q
q 0 0 0 rg BT 100.91 704.10 Td (ficers.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 687.6 m
98.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
98.25 687.6 m
143.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
143.25 687.6 m
156.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
156.25 687.6 m
210.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
210.25 687.6 m
273.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
273.25 687.6 m
313.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.25 687.6 m
362.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
362.25 687.6 m
366.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.25 687.6 m
413.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
413.25 687.6 m
460.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.25 687.6 m
508.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.25 687.6 m
557.25 687.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 585.6 m
98.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
98.25 585.6 m
143.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
143.25 585.6 m
156.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
156.25 585.6 m
210.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
210.25 585.6 m
273.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
273.25 585.6 m
313.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.25 585.6 m
362.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
362.25 585.6 m
366.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.25 585.6 m
413.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
413.25 585.6 m
460.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.25 585.6 m
508.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.25 585.6 m
557.25 585.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 417.6 m
98.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
98.25 417.6 m
143.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
143.25 417.6 m
156.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
156.25 417.6 m
210.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
210.25 417.6 m
273.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
273.25 417.6 m
313.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.25 417.6 m
362.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
362.25 417.6 m
366.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.25 417.6 m
413.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
413.25 417.6 m
460.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.25 417.6 m
508.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.25 417.6 m
557.25 417.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 285.6 m
98.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
98.25 285.6 m
143.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
143.25 285.6 m
156.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
156.25 285.6 m
210.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
210.25 285.6 m
273.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
273.25 285.6 m
313.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
313.25 285.6 m
362.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
362.25 285.6 m
366.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
366.25 285.6 m
413.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
413.25 285.6 m
460.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
460.25 285.6 m
508.25 285.6 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
508.25 285.6 m
557.25 285.6 l
s
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 201.85 678.66 Td (Option ) Tj ET Q
q 0 0 0 rg BT 224.22 678.66 Td (A) Tj ET Q
q 0 0 0 rg BT 228.76 678.66 Td (wards) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 247.04 681.83 Td (\(1\)\(2\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 440.75 678.66 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 458.84 678.66 Td (A) Tj ET Q
q 0 0 0 rg BT 463.37 678.66 Td (wards) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 51.75 589.66 Td (Name) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 121.45 596.66 Td (Grant) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 125.75 589.66 Td (Date) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 172.65 624.66 Td (Number) Tj ET Q
q 0 0 0 rg BT 197.41 624.66 Td (  of) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 177.55 617.66 Td (Securities) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 172.90 610.66 Td (Underlying) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 170.30 603.66 Td (Unexer) Tj ET Q
q 0 0 0 rg BT 191.94 603.66 Td (cised) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 173.10 596.66 Td (Options \(#\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 172.25 589.66 Td (Exer) Tj ET Q
q 0 0 0 rg BT 186.51 589.66 Td (cisable) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 235.65 624.66 Td (Number) Tj ET Q
q 0 0 0 rg BT 260.41 624.66 Td (  of) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 240.55 617.66 Td (Securities) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 235.90 610.66 Td (Underlying) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 233.30 603.66 Td (Unexer) Tj ET Q
q 0 0 0 rg BT 254.94 603.66 Td (cised) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 236.10 596.66 Td (Options \(#\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 227.85 589.66 Td (Unexer) Tj ET Q
q 0 0 0 rg BT 249.49 589.66 Td (cisable) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 288.70 610.66 Td (Option) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 284.60 603.66 Td (Exer) Tj ET Q
q 0 0 0 rg BT 298.86 603.66 Td (cise) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 294.20 596.66 Td (Price) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 301.55 589.66 Td (\($\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 337.70 603.66 Td (Option) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 326.45 596.66 Td (Expiration) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 344.75 589.66 Td (Date) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 384.95 631.66 Td (Number) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 382.05 624.66 Td (of Shar) Tj ET Q
q 0 0 0 rg BT 403.90 624.66 Td (es) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 385.55 617.66 Td (or) Tj ET Q
q 0 0 0 rg BT 392.03 617.66 Td ( Units) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 385.40 610.66 Td (of Stock) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 378.05 603.66 Td (That Have) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 377.65 596.66 Td (Not ) Tj ET Q
q 0 0 0 rg BT 390.16 596.66 Td (V) Tj ET Q
q 0 0 0 rg BT 394.57 596.66 Td (ested) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 396.25 589.66 Td (\(#\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 404.41 592.83 Td (\(3\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 434.20 638.66 Td (Market) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 439.85 631.66 Td (V) Tj ET Q
q 0 0 0 rg BT 444.26 631.66 Td (alue) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 429.05 624.66 Td (of Shar) Tj ET Q
q 0 0 0 rg BT 450.90 624.66 Td (es) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 432.55 617.66 Td (or) Tj ET Q
q 0 0 0 rg BT 439.03 617.66 Td ( Units) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 432.40 610.66 Td (of Stock) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 425.05 603.66 Td (That Have) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 424.65 596.66 Td (Not ) Tj ET Q
q 0 0 0 rg BT 437.16 596.66 Td (V) Tj ET Q
q 0 0 0 rg BT 441.57 596.66 Td (ested) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 443.25 589.66 Td (\(#\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 451.41 592.83 Td (\(3\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 484.50 666.66 Td (Equity) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 477.90 659.66 Td (incentive) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 465.65 652.66 Td (plan awards:) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 474.75 645.66 Td (market or) Tj ET Q
q 0 0 0 rg BT 504.75 645.66 Td ( ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 466.40 638.66 Td (payout value ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 468.75 631.66 Td (of unearned) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 467.50 624.66 Td (shar) Tj ET Q
q 0 0 0 rg BT 480.60 624.66 Td (es, units ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 480.70 617.66 Td (or) Tj ET Q
q 0 0 0 rg BT 487.18 617.66 Td ( other) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 473.40 610.66 Td (rights that) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 479.25 603.66 Td (have not) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 486.05 596.66 Td (vested) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 491.25 589.66 Td (\($\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 499.41 592.83 Td (\(4\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 533.50 666.66 Td (Equity) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 526.90 659.66 Td (incentive) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 514.65 652.66 Td (plan awards:) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 523.75 645.66 Td (market or) Tj ET Q
q 0 0 0 rg BT 553.75 645.66 Td ( ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 515.40 638.66 Td (payout value ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 517.75 631.66 Td (of unearned) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 516.50 624.66 Td (shar) Tj ET Q
q 0 0 0 rg BT 529.60 624.66 Td (es, units ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 529.70 617.66 Td (or) Tj ET Q
q 0 0 0 rg BT 536.18 617.66 Td ( other) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 522.40 610.66 Td (rights that) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 528.25 603.66 Td (have not) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 535.05 596.66 Td (vested) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 540.25 589.66 Td (\($\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 548.41 592.83 Td (\(4\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 51.75 577.65 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 72.36 577.65 Td (A.) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 107.80 577.65 Td (5/2/2013 ) Tj ET Q
BT /F1 7.00 Tf ET
BT /F1 4.55 Tf ET
q 0 0 0 rg BT 134.44 580.82 Td (\(5\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 184.65 577.65 Td (500,000) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 263.40 577.65 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 294.65 577.65 Td (31.46) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 333.85 577.65 Td (5/2/2023) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 51.75 565.65 Td (Sullivan) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 565.65 Td (5/16/2013) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 188.15 565.65 Td (44,518) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 263.40 565.65 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 294.65 565.65 Td (35.16) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 330.35 565.65 Td (5/16/2021) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 553.65 Td (5/16/2014) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 184.65 553.65 Td (149,626) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 263.40 553.65 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 294.65 553.65 Td (47.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 330.35 553.65 Td (5/16/2022) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 541.65 Td (5/15/2015) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 184.65 541.65 Td (186,999) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 263.40 541.65 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 294.65 541.65 Td (54.51) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 330.35 541.65 Td (5/15/2023) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 529.65 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 184.65 529.65 Td (158,801) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 251.15 529.65 Td (52,934) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 294.65 529.65 Td (31.24) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 330.35 529.65 Td (5/13/2024) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 517.65 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 188.15 517.65 Td (99,640) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 251.15 517.65 Td (99,640) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 294.65 517.65 Td (37.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 330.35 517.65 Td (5/15/2025) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 505.65 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 391.15 505.65 Td (13,285) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 434.65 505.65 Td (648,972) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 493.65 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 391.15 493.65 Td (22,051) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 429.40 493.65 Td (1,077,191) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 481.65 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 391.15 481.65 Td (57,457) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 429.40 481.65 Td (2,806,774) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 469.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 391.15 469.65 Td (71,669) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 429.40 469.65 Td (3,501,031) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 457.65 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 486.15 457.65 Td (79,249) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 526.40 457.65 Td (3,871,314) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 445.65 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 482.65 445.65 Td (1) Tj ET Q
q 0 0 0 rg BT 486.15 445.65 Td (14,914) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 526.40 445.65 Td (5,613,549) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 433.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 482.65 433.65 Td (107,504) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 526.40 433.65 Td (5,251,570) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 51.75 409.65 Td (Peter H.) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 409.65 Td (5/15/2015) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 188.15 409.65 Td (47,106) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 263.40 409.65 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 294.65 409.65 Td (54.51) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 330.35 409.65 Td (5/15/2023) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 51.75 397.65 Td (Nachtwey) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 397.65 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 200.40 397.65 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 251.15 397.65 Td (15,179) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 294.65 397.65 Td (31.24) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 330.35 397.65 Td (5/13/2024) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 385.65 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 200.40 385.65 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 251.15 385.65 Td (28,572) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 294.65 385.65 Td (37.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 330.35 385.65 Td (5/15/2025) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 373.65 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 394.65 373.65 Td (3,818) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 434.65 373.65 Td (186,509) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 361.65 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 394.65 361.65 Td (6,337) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 434.65 361.65 Td (309,562) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 349.65 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 391.15 349.65 Td (15,561) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 434.65 349.65 Td (760,155) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 337.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 391.15 337.65 Td (21,255) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 429.40 337.65 Td (1,038,307) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 325.65 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 486.15 325.65 Td (22,725) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 526.40 325.65 Td (1,1) Tj ET Q
q 0 0 0 rg BT 535.15 325.65 Td (10,1) Tj ET Q
q 0 0 0 rg BT 547.40 325.65 Td (16) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 313.65 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 486.15 313.65 Td (31,122) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 526.40 313.65 Td (1,520,310) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 111.35 301.65 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 486.15 301.65 Td (31,883) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 526.40 301.65 Td (1,557,485) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
349 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 350 0 R>>
endobj
350 0 obj
<</Length 25967>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (172) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
51.75 748.5 m
101.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
101.75 748.5 m
147.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
147.75 748.5 m
151.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
151.75 748.5 m
207.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
207.75 748.5 m
270.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
270.75 748.5 m
310.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.75 748.5 m
359.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
359.75 748.5 m
363.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
363.75 748.5 m
410.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.75 748.5 m
457.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.75 748.5 m
505.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.75 748.5 m
554.75 748.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
51.75 647.5 m
101.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
101.75 647.5 m
147.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
147.75 647.5 m
151.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
151.75 647.5 m
207.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
207.75 647.5 m
270.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
270.75 647.5 m
310.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.75 647.5 m
359.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
359.75 647.5 m
363.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
363.75 647.5 m
410.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.75 647.5 m
457.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.75 647.5 m
505.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.75 647.5 m
554.75 647.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
51.75 538.5 m
101.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
101.75 538.5 m
147.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
147.75 538.5 m
151.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
151.75 538.5 m
207.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
207.75 538.5 m
270.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
270.75 538.5 m
310.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.75 538.5 m
359.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
359.75 538.5 m
363.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
363.75 538.5 m
410.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.75 538.5 m
457.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.75 538.5 m
505.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.75 538.5 m
554.75 538.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
51.75 429.5 m
101.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
101.75 429.5 m
147.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
147.75 429.5 m
151.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
151.75 429.5 m
207.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
207.75 429.5 m
270.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
270.75 429.5 m
310.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.75 429.5 m
359.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
359.75 429.5 m
363.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
363.75 429.5 m
410.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.75 429.5 m
457.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.75 429.5 m
505.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.75 429.5 m
554.75 429.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
51.75 294.5 m
101.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
101.75 294.5 m
147.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
147.75 294.5 m
151.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
151.75 294.5 m
207.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
207.75 294.5 m
270.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
270.75 294.5 m
310.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.75 294.5 m
359.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
359.75 294.5 m
363.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
363.75 294.5 m
410.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.75 294.5 m
457.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.75 294.5 m
505.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.75 294.5 m
554.75 294.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
51.75 219.5 m
101.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
101.75 219.5 m
147.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
147.75 219.5 m
151.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
151.75 219.5 m
207.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
207.75 219.5 m
270.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
270.75 219.5 m
310.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.75 219.5 m
359.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
359.75 219.5 m
363.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
363.75 219.5 m
410.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.75 219.5 m
457.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.75 219.5 m
505.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.75 219.5 m
554.75 219.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
51.75 132.5 m
101.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
101.75 132.5 m
147.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
147.75 132.5 m
151.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
151.75 132.5 m
207.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
207.75 132.5 m
270.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
270.75 132.5 m
310.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
310.75 132.5 m
359.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
359.75 132.5 m
363.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
363.75 132.5 m
410.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
410.75 132.5 m
457.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.75 132.5 m
505.75 132.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
505.75 132.5 m
554.75 132.5 l
s
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 202.35 740.56 Td (Option ) Tj ET Q
q 0 0 0 rg BT 224.72 740.56 Td (A) Tj ET Q
q 0 0 0 rg BT 229.26 740.56 Td (wards) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 247.54 743.73 Td (\(1\)\(2\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 438.25 740.56 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 456.34 740.56 Td (A) Tj ET Q
q 0 0 0 rg BT 460.87 740.56 Td (wards) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 54.25 651.56 Td (Name) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 125.95 658.56 Td (Grant) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 130.25 651.56 Td (Date) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 170.15 686.56 Td (Number) Tj ET Q
q 0 0 0 rg BT 194.91 686.56 Td (  of) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 175.05 679.56 Td (Securities) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 170.40 672.56 Td (Underlying) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 167.80 665.56 Td (Unexer) Tj ET Q
q 0 0 0 rg BT 189.44 665.56 Td (cised) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 170.60 658.56 Td (Options \(#\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 169.75 651.56 Td (Exer) Tj ET Q
q 0 0 0 rg BT 184.01 651.56 Td (cisable) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 233.15 686.56 Td (Number) Tj ET Q
q 0 0 0 rg BT 257.91 686.56 Td (  of) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 238.05 679.56 Td (Securities) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 233.40 672.56 Td (Underlying) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 230.80 665.56 Td (Unexer) Tj ET Q
q 0 0 0 rg BT 252.44 665.56 Td (cised) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 233.60 658.56 Td (Options \(#\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 225.35 651.56 Td (Unexer) Tj ET Q
q 0 0 0 rg BT 246.99 651.56 Td (cisable) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 286.20 672.56 Td (Option) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 282.10 665.56 Td (Exer) Tj ET Q
q 0 0 0 rg BT 296.36 665.56 Td (cise) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 291.70 658.56 Td (Price) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 299.05 651.56 Td (\($\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 335.20 665.56 Td (Option) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 323.95 658.56 Td (Expiration) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 342.25 651.56 Td (Date) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 382.45 693.56 Td (Number) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 379.55 686.56 Td (of Shar) Tj ET Q
q 0 0 0 rg BT 401.40 686.56 Td (es) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 383.05 679.56 Td (or) Tj ET Q
q 0 0 0 rg BT 389.53 679.56 Td ( Units) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 382.90 672.56 Td (of Stock) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 375.55 665.56 Td (That Have) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 375.15 658.56 Td (Not ) Tj ET Q
q 0 0 0 rg BT 387.66 658.56 Td (V) Tj ET Q
q 0 0 0 rg BT 392.07 658.56 Td (ested) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 393.75 651.56 Td (\(#\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 401.91 654.73 Td (\(3\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 431.70 700.56 Td (Market) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 437.35 693.56 Td (V) Tj ET Q
q 0 0 0 rg BT 441.76 693.56 Td (alue) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 426.55 686.56 Td (of Shar) Tj ET Q
q 0 0 0 rg BT 448.40 686.56 Td (es) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 430.05 679.56 Td (or) Tj ET Q
q 0 0 0 rg BT 436.53 679.56 Td ( Units) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 429.90 672.56 Td (of Stock) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 422.55 665.56 Td (That Have) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 422.15 658.56 Td (Not ) Tj ET Q
q 0 0 0 rg BT 434.66 658.56 Td (V) Tj ET Q
q 0 0 0 rg BT 439.07 658.56 Td (ested) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 440.75 651.56 Td (\(#\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 448.91 654.73 Td (\(3\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 482.00 728.56 Td (Equity) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 475.40 721.56 Td (incentive) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 463.15 714.56 Td (plan awards:) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 472.25 707.56 Td (market or) Tj ET Q
q 0 0 0 rg BT 502.25 707.56 Td ( ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 463.90 700.56 Td (payout value ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 466.25 693.56 Td (of unearned) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 465.00 686.56 Td (shar) Tj ET Q
q 0 0 0 rg BT 478.10 686.56 Td (es, units ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 478.20 679.56 Td (or) Tj ET Q
q 0 0 0 rg BT 484.68 679.56 Td ( other) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 470.90 672.56 Td (rights that) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 476.75 665.56 Td (have not) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 483.55 658.56 Td (vested) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 488.75 651.56 Td (\($\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 496.91 654.73 Td (\(4\)) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 531.00 728.56 Td (Equity) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 524.40 721.56 Td (incentive) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 512.15 714.56 Td (plan awards:) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 521.25 707.56 Td (market or) Tj ET Q
q 0 0 0 rg BT 551.25 707.56 Td ( ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 512.90 700.56 Td (payout value ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 515.25 693.56 Td (of unearned) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 514.00 686.56 Td (shar) Tj ET Q
q 0 0 0 rg BT 527.10 686.56 Td (es, units ) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 527.20 679.56 Td (or) Tj ET Q
q 0 0 0 rg BT 533.68 679.56 Td ( other) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 519.90 672.56 Td (rights that) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 525.75 665.56 Td (have not) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 532.55 658.56 Td (vested) Tj ET Q
BT /F2 7.00 Tf ET
q 0 0 0 rg BT 537.75 651.56 Td (\($\)) Tj ET Q
BT /F2 7.00 Tf ET
BT /F2 4.55 Tf ET
q 0 0 0 rg BT 545.91 654.73 Td (\(4\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 639.55 Td (T) Tj ET Q
q 0 0 0 rg BT 58.28 639.55 Td (erence ) Tj ET Q
q 0 0 0 rg BT 77.85 639.55 Td (A.) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 639.55 Td (5/15/2015) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 185.65 639.55 Td (67,144) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 260.90 639.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 639.55 Td (54.51) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 639.55 Td (5/15/2023) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 627.55 Td (Johnson) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 627.55 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 197.90 627.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 248.65 627.55 Td (19,705) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 627.55 Td (31.24) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 627.55 Td (5/13/2024) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 615.55 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 197.90 615.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 248.65 615.55 Td (33,339) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 615.55 Td (37.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 615.55 Td (5/15/2025) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 603.55 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 392.15 603.55 Td (4,945) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 603.55 Td (241,563) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 591.55 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 392.15 591.55 Td (7,378) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 591.55 Td (360,415) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 579.55 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 388.65 579.55 Td (17,092) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 579.55 Td (834,944) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 567.55 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 567.55 Td (26,517) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 523.90 567.55 Td (1,295,355) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 555.55 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 555.55 Td (25,638) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 523.90 555.55 Td (1,252,416) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 530.55 Td (Patricia) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 530.55 Td (5/15/2015) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 189.15 530.55 Td (5,628) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 260.90 530.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 530.55 Td (54.51) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 530.55 Td (5/15/2023) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 518.55 Td (Lattin) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 119.35 518.55 Td (5/2/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 197.90 518.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 252.15 518.55 Td (3,307) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 518.55 Td (31.57) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 331.35 518.55 Td (5/2/2024) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 506.55 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 392.15 506.55 Td (2,425) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 506.55 Td (1) Tj ET Q
q 0 0 0 rg BT 435.65 506.55 Td (18,461) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 494.55 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 392.15 494.55 Td (4,065) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 494.55 Td (198,575) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 482.55 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 392.15 482.55 Td (4,357) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 482.55 Td (212,839) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 470.55 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 392.15 470.55 Td (5,972) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 470.55 Td (291,732) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 458.55 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 487.15 458.55 Td (8,714) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 529.15 458.55 Td (425,679) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 446.55 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 487.15 446.55 Td (8,958) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 529.15 446.55 Td (437,598) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 421.55 Td (Thomas C.) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 421.55 Td (5/15/2015) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 185.65 421.55 Td (21,505) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 260.90 421.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 421.55 Td (54.51) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 421.55 Td (5/15/2023) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 409.55 Td (Merchant) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 409.55 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 197.90 409.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 252.15 409.55 Td (7,1) Tj ET Q
q 0 0 0 rg BT 260.90 409.55 Td (1) Tj ET Q
q 0 0 0 rg BT 264.40 409.55 Td (1) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 409.55 Td (31.24) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 409.55 Td (5/13/2024) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 397.55 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 197.90 397.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 248.65 397.55 Td (15,006) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 397.55 Td (37.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 397.55 Td (5/15/2025) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 385.55 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 392.15 385.55 Td (1,793) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 435.65 385.55 Td (87,588) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 373.55 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 392.15 373.55 Td (3,321) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 373.55 Td (162,231) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 361.55 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 392.15 361.55 Td (8,787) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 361.55 Td (429,245) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 349.55 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 388.65 349.55 Td (12,050) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 432.15 349.55 Td (588,643) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 337.55 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 337.55 Td (1) Tj ET Q
q 0 0 0 rg BT 487.15 337.55 Td (1,935) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 529.15 337.55 Td (583,025) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 325.55 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 325.55 Td (17,573) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 529.15 325.55 Td (858,441) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 313.55 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 313.55 Td (18,075) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 529.15 313.55 Td (882,964) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 286.55 Td (Frances L.) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 286.55 Td (5/16/2014) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 189.15 286.55 Td (9,975) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 260.90 286.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 286.55 Td (47.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 286.55 Td (5/16/2022) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 274.55 Td (Cashman) Tj ET Q
BT /F1 7.00 Tf ET
BT /F1 4.55 Tf ET
q 0 0 0 rg BT 80.30 277.72 Td ( \(6\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 274.55 Td (5/15/2015) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 185.65 274.55 Td (1) Tj ET Q
q 0 0 0 rg BT 189.15 274.55 Td (1,754) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 260.90 274.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 274.55 Td (54.51) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 274.55 Td (5/15/2023) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 119.35 262.55 Td (5/2/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 197.90 262.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 252.15 262.55 Td (3,307) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 262.55 Td (31.57) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 331.35 262.55 Td (5/2/2024) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 250.55 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 250.55 Td (17,621) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 529.15 250.55 Td (860,786) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 238.55 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 238.55 Td (17,654) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 529.15 238.55 Td (862,373) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 211.55 Td (Thomas K.) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 211.55 Td (5/15/2015) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 185.65 211.55 Td (38,557) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 260.90 211.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 211.55 Td (54.51) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 211.55 Td (5/15/2023) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 54.25 199.55 Td (Hoops ) Tj ET Q
BT /F1 7.00 Tf ET
BT /F1 4.55 Tf ET
q 0 0 0 rg BT 74.28 202.72 Td (\(6\)) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 199.55 Td (5/13/2016) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 197.90 199.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 248.65 199.55 Td (12,437) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 199.55 Td (31.24) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 199.55 Td (5/13/2024) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 187.55 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 197.90 187.55 Td (�) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 248.65 187.55 Td (23,410) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 292.15 187.55 Td (37.64) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 327.85 187.55 Td (5/15/2025) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 175.55 Td (5/15/2017) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 175.55 Td (18,619) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 529.15 175.55 Td (909,538) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 163.55 Td (5/15/2018) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 163.55 Td (25,377) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 523.90 163.55 Td (1,239,666) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 115.85 151.55 Td (5/15/2019) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 483.65 151.55 Td (25,190) Tj ET Q
BT /F1 7.00 Tf ET
q 0 0 0 rg BT 523.90 151.55 Td (1,230,532) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 121.00 Td (\(1\) ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.83 121.00 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 121.00 Td (Option ) Tj ET Q
q 0 0 0 rg BT 91.51 121.00 Td (awards ) Tj ET Q
q 0 0 0 rg BT 115.96 121.00 Td (were ) Tj ET Q
q 0 0 0 rg BT 133.29 121.00 Td (made ) Tj ET Q
q 0 0 0 rg BT 152.41 121.00 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 181.75 121.00 Td (to ) Tj ET Q
q 0 0 0 rg BT 189.77 121.00 Td (our ) Tj ET Q
q 0 0 0 rg BT 202.22 121.00 Td (1996 ) Tj ET Q
q 0 0 0 rg BT 220.01 121.00 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 243.13 121.00 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 274.69 121.00 Td (Plan. ) Tj ET Q
q 0 0 0 rg BT 292.57 121.00 Td (The ) Tj ET Q
q 0 0 0 rg BT 306.80 121.00 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 334.79 121.00 Td (price ) Tj ET Q
q 0 0 0 rg BT 352.57 121.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.03 121.00 Td (each ) Tj ET Q
q 0 0 0 rg BT 377.47 121.00 Td (option ) Tj ET Q
q 0 0 0 rg BT 399.71 121.00 Td (is ) Tj ET Q
q 0 0 0 rg BT 406.84 121.00 Td (equal ) Tj ET Q
q 0 0 0 rg BT 425.95 121.00 Td (to ) Tj ET Q
q 0 0 0 rg BT 433.96 121.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 445.53 121.00 Td (average ) Tj ET Q
q 0 0 0 rg BT 472.19 121.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 480.64 121.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.21 121.00 Td (high ) Tj ET Q
q 0 0 0 rg BT 508.22 121.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 521.56 121.00 Td (low ) Tj ET Q
q 0 0 0 rg BT 535.35 121.00 Td (trading ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 111.40 Td (prices ) Tj ET Q
q 0 0 0 rg BT 88.60 111.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 97.27 111.40 Td (our ) Tj ET Q
q 0 0 0 rg BT 109.93 111.40 Td (common ) Tj ET Q
q 0 0 0 rg BT 139.93 111.40 Td (stock ) Tj ET Q
q 0 0 0 rg BT 158.81 111.40 Td (on ) Tj ET Q
q 0 0 0 rg BT 168.81 111.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.59 111.40 Td (NYSE ) Tj ET Q
q 0 0 0 rg BT 203.48 111.40 Td (on ) Tj ET Q
q 0 0 0 rg BT 213.48 111.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 225.25 111.40 Td (grant ) Tj ET Q
q 0 0 0 rg BT 243.69 111.40 Td (date. ) Tj ET Q
q 0 0 0 rg BT 261.01 111.40 Td (Option ) Tj ET Q
q 0 0 0 rg BT 285.23 111.40 Td (holders ) Tj ET Q
q 0 0 0 rg BT 310.79 111.40 Td (may ) Tj ET Q
q 0 0 0 rg BT 326.56 111.40 Td (use ) Tj ET Q
q 0 0 0 rg BT 339.22 111.40 Td (previously ) Tj ET Q
q 0 0 0 rg BT 375.00 111.40 Td (owned ) Tj ET Q
q 0 0 0 rg BT 398.32 111.40 Td (shares ) Tj ET Q
q 0 0 0 rg BT 420.32 111.40 Td (to ) Tj ET Q
q 0 0 0 rg BT 428.54 111.40 Td (pay ) Tj ET Q
q 0 0 0 rg BT 442.09 111.40 Td (all ) Tj ET Q
q 0 0 0 rg BT 452.09 111.40 Td (or ) Tj ET Q
q 0 0 0 rg BT 460.75 111.40 Td (part ) Tj ET Q
q 0 0 0 rg BT 475.19 111.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 483.85 111.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 495.63 111.40 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 523.83 111.40 Td (price.) Tj ET Q
endstream
endobj
351 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 352 0 R>>
endobj
352 0 obj
<</Length 32194>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (173) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 742.10 Td (\(2\) ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.83 742.10 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 742.10 Td (Options ) Tj ET Q
q 0 0 0 rg BT 94.19 742.10 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 122.63 742.10 Td (prior ) Tj ET Q
q 0 0 0 rg BT 139.54 742.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 147.11 742.10 Td (2016 ) Tj ET Q
q 0 0 0 rg BT 164.47 742.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 175.58 742.10 Td (fully ) Tj ET Q
q 0 0 0 rg BT 192.05 742.10 Td (vested. ) Tj ET Q
q 0 0 0 rg BT 215.84 742.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 223.85 742.10 Td (all ) Tj ET Q
q 0 0 0 rg BT 233.20 742.10 Td (cases, ) Tj ET Q
q 0 0 0 rg BT 253.43 742.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 264.56 742.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 301.46 742.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 316.59 742.10 Td (accelerate ) Tj ET Q
q 0 0 0 rg BT 349.91 742.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.03 742.10 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 385.49 742.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 393.51 742.10 Td (options. ) Tj ET Q
q 0 0 0 rg BT 420.12 742.10 Td (As ) Tj ET Q
q 0 0 0 rg BT 430.37 742.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 438.38 742.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 460.61 742.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 471.97 742.10 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 491.32 742.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.44 742.10 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 526.91 742.10 Td (schedules ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 732.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 78.83 732.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 90.60 732.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 109.04 732.50 Td (option ) Tj ET Q
q 0 0 0 rg BT 131.48 732.50 Td (awards ) Tj ET Q
q 0 0 0 rg BT 156.14 732.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 173.68 732.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 182.35 732.50 Td (follows:) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 82.75 709.23 Td (Grant Date) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 167.75 709.23 Td (V) Tj ET Q
q 0 0 0 rg BT 173.16 709.23 Td (esting Schedule) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 401.75 709.23 Td (Remaining ) Tj ET Q
q 0 0 0 rg BT 440.94 709.23 Td (V) Tj ET Q
q 0 0 0 rg BT 445.98 709.23 Td (esting Dates) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 82.75 695.25 Td (05/13/16) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 167.75 695.25 Td (25% vests each year for four years from date of grant) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 401.75 695.25 Td (05/31/20) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 82.75 681.25 Td (05/15/17) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 167.75 681.25 Td (25% vests each year for four years from date of grant) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 401.75 681.25 Td (05/31/20, 05/31/21) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 665.50 Td (\(3\) ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.83 665.50 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 665.50 Td (Excludes ) Tj ET Q
q 0 0 0 rg BT 98.46 665.50 Td (number ) Tj ET Q
q 0 0 0 rg BT 124.54 665.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.85 665.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 154.48 665.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 167.67 665.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 191.52 665.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 210.49 665.50 Td (representing ) Tj ET Q
q 0 0 0 rg BT 251.67 665.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 283.07 665.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 301.60 665.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 318.80 665.50 Td (that ) Tj ET Q
q 0 0 0 rg BT 332.43 665.50 Td (would ) Tj ET Q
q 0 0 0 rg BT 354.07 665.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 370.82 665.50 Td (settled ) Tj ET Q
q 0 0 0 rg BT 393.34 665.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 399.87 665.50 Td (they ) Tj ET Q
q 0 0 0 rg BT 415.28 665.50 Td (had ) Tj ET Q
q 0 0 0 rg BT 428.47 665.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 440.34 665.50 Td (been ) Tj ET Q
q 0 0 0 rg BT 457.08 665.50 Td (deferred. ) Tj ET Q
q 0 0 0 rg BT 487.00 665.50 Td (As ) Tj ET Q
q 0 0 0 rg BT 497.53 665.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 505.84 665.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 528.36 665.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 540.00 665.50 Td (2020, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 651.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.27 651.10 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 104.38 651.10 Td (schedules ) Tj ET Q
q 0 0 0 rg BT 137.48 651.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 148.81 651.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 160.59 651.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 192.35 651.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 211.23 651.10 Td (unit ) Tj ET Q
q 0 0 0 rg BT 225.68 651.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 250.34 651.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 267.88 651.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 276.54 651.10 Td (follows:) Tj ET Q
BT /F1 12.00 Tf ET
q 0 0 0 rg BT 302.77 651.10 Td (�) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 84.75 627.83 Td (Grant Date) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 168.75 627.83 Td (V) Tj ET Q
q 0 0 0 rg BT 174.16 627.83 Td (esting Schedule) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 400.75 627.83 Td (Remaining ) Tj ET Q
q 0 0 0 rg BT 439.94 627.83 Td (V) Tj ET Q
q 0 0 0 rg BT 444.98 627.83 Td (esting Dates) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 84.75 613.85 Td (05/13/16) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 168.75 613.85 Td (25% vests each year for four years from date of grant) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 400.75 613.85 Td (04/30/20) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 84.75 599.85 Td (05/15/17) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 168.75 599.85 Td (25% vests each year for four years from date of grant) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 400.75 599.85 Td (04/30/20, 04/30/21) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 84.75 585.85 Td (05/15/18) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 168.75 585.85 Td (25% vests each year for four years from date of grant) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 400.75 585.85 Td (04/30/20, 04/30/21, 04/30/22) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 84.75 571.85 Td (05/15/19) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 168.75 571.85 Td (25% vests each year for four years from date of grant) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 400.75 571.85 Td (04/30/20, 04/30/21, 04/30/22, 04/30/23) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 556.10 Td (\(4\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 556.10 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 556.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 80.78 556.10 Td (awards ) Tj ET Q
q 0 0 0 rg BT 105.60 556.10 Td (issued ) Tj ET Q
q 0 0 0 rg BT 127.76 556.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 137.93 556.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 154.76 556.10 Td (15, ) Tj ET Q
q 0 0 0 rg BT 166.92 556.10 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 185.09 556.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 198.80 556.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 215.63 556.10 Td (15, ) Tj ET Q
q 0 0 0 rg BT 227.80 556.10 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 247.96 556.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 290.55 556.10 Td (share ) Tj ET Q
q 0 0 0 rg BT 309.59 556.10 Td (units ) Tj ET Q
q 0 0 0 rg BT 327.31 556.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 343.25 556.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 352.97 556.10 Td (earned ) Tj ET Q
q 0 0 0 rg BT 376.45 556.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 390.17 556.10 Td (vested ) Tj ET Q
q 0 0 0 rg BT 412.77 556.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 420.71 556.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 432.65 556.10 Td (end ) Tj ET Q
q 0 0 0 rg BT 446.36 556.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 455.19 556.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 460.91 556.10 Td (three ) Tj ET Q
q 0 0 0 rg BT 479.06 556.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 494.99 556.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 537.57 556.10 Td (period ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 546.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 87.84 546.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 97.97 546.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 116.53 546.50 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 140.53 546.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 145.77 546.50 Td (relative ) Tj ET Q
q 0 0 0 rg BT 171.73 546.50 Td (TSR ) Tj ET Q
q 0 0 0 rg BT 188.53 546.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 202.21 546.50 Td (relative ) Tj ET Q
q 0 0 0 rg BT 228.32 546.50 Td (or) Tj ET Q
q 0 0 0 rg BT 234.84 546.50 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 254.29 546.50 Td (growth ) Tj ET Q
q 0 0 0 rg BT 279.08 546.50 Td (rate ) Tj ET Q
q 0 0 0 rg BT 293.20 546.50 Td (ranked ) Tj ET Q
q 0 0 0 rg BT 317.09 546.50 Td (against ) Tj ET Q
q 0 0 0 rg BT 341.88 546.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 347.55 546.50 Td (peer ) Tj ET Q
q 0 0 0 rg BT 363.45 546.50 Td (group ) Tj ET Q
q 0 0 0 rg BT 384.24 546.50 Td (which, ) Tj ET Q
q 0 0 0 rg BT 407.91 546.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 416.71 546.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 425.50 546.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 448.50 546.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 460.63 546.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 480.76 546.50 Td (included ) Tj ET Q
q 0 0 0 rg BT 510.43 546.50 Td (15 ) Tj ET Q
q 0 0 0 rg BT 520.56 546.50 Td (other ) Tj ET Q
q 0 0 0 rg BT 539.12 546.50 Td (firms. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 536.90 Td (For ) Tj ET Q
q 0 0 0 rg BT 80.99 536.90 Td (awards ) Tj ET Q
q 0 0 0 rg BT 106.02 536.90 Td (issued ) Tj ET Q
q 0 0 0 rg BT 128.40 536.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 138.78 536.90 Td (May ) Tj ET Q
q 0 0 0 rg BT 155.82 536.90 Td (15, ) Tj ET Q
q 0 0 0 rg BT 168.20 536.90 Td (2017, ) Tj ET Q
q 0 0 0 rg BT 188.57 536.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 231.37 536.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 250.62 536.90 Td (units ) Tj ET Q
q 0 0 0 rg BT 268.56 536.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 284.71 536.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 294.64 536.90 Td (earned ) Tj ET Q
q 0 0 0 rg BT 318.33 536.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.26 536.90 Td (vested ) Tj ET Q
q 0 0 0 rg BT 355.07 536.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 363.22 536.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.37 536.90 Td (end ) Tj ET Q
q 0 0 0 rg BT 389.30 536.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 398.34 536.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 410.49 536.90 Td (three ) Tj ET Q
q 0 0 0 rg BT 428.86 536.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 445.00 536.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 487.79 536.90 Td (period ) Tj ET Q
q 0 0 0 rg BT 510.61 536.90 Td (based ) Tj ET Q
q 0 0 0 rg BT 531.20 536.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 541.58 536.90 Td (Legg ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 527.30 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 91.50 527.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 96.49 527.30 Td (relative ) Tj ET Q
q 0 0 0 rg BT 122.22 527.30 Td (TSR ) Tj ET Q
q 0 0 0 rg BT 138.76 527.30 Td (ranked ) Tj ET Q
q 0 0 0 rg BT 162.41 527.30 Td (against ) Tj ET Q
q 0 0 0 rg BT 186.94 527.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 192.37 527.30 Td (peer ) Tj ET Q
q 0 0 0 rg BT 208.01 527.30 Td (group ) Tj ET Q
q 0 0 0 rg BT 228.56 527.30 Td (which, ) Tj ET Q
q 0 0 0 rg BT 251.98 527.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 260.52 527.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.07 527.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 291.82 527.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 303.70 527.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 321.58 527.30 Td (included ) Tj ET Q
q 0 0 0 rg BT 351.00 527.30 Td (14 ) Tj ET Q
q 0 0 0 rg BT 360.88 527.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 379.19 527.30 Td (firms. ) Tj ET Q
q 0 0 0 rg BT 399.82 527.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 414.13 527.30 Td (potential ) Tj ET Q
q 0 0 0 rg BT 444.00 527.30 Td (payout ) Tj ET Q
q 0 0 0 rg BT 467.65 527.30 Td (ranges ) Tj ET Q
q 0 0 0 rg BT 490.41 527.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 507.84 527.30 Td (0 ) Tj ET Q
q 0 0 0 rg BT 513.71 527.30 Td (- ) Tj ET Q
q 0 0 0 rg BT 518.25 527.30 Td (150% ) Tj ET Q
q 0 0 0 rg BT 538.79 527.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 550.00 527.30 Td (all ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 517.70 Td (awards. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 505.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 80.78 505.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.72 505.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 109.55 505.10 Td (15, ) Tj ET Q
q 0 0 0 rg BT 121.72 505.10 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 139.89 505.10 Td (award, ) Tj ET Q
q 0 0 0 rg BT 163.60 505.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 175.54 505.10 Td (three ) Tj ET Q
q 0 0 0 rg BT 193.69 505.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 209.62 505.10 Td (period ) Tj ET Q
q 0 0 0 rg BT 232.23 505.10 Td (began ) Tj ET Q
q 0 0 0 rg BT 253.02 505.10 Td (April ) Tj ET Q
q 0 0 0 rg BT 272.07 505.10 Td (1, ) Tj ET Q
q 0 0 0 rg BT 280.24 505.10 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 298.41 505.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.12 505.10 Td (ended ) Tj ET Q
q 0 0 0 rg BT 333.39 505.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 343.56 505.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 366.61 505.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 378.77 505.10 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 398.78 505.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 413.39 505.10 Td (amount ) Tj ET Q
q 0 0 0 rg BT 439.55 505.10 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 469.69 505.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 478.08 505.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.02 505.10 Td (table ) Tj ET Q
q 0 0 0 rg BT 507.74 505.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 519.23 505.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.17 505.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 548.00 505.10 Td (15, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 495.50 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 85.53 495.50 Td (award ) Tj ET Q
q 0 0 0 rg BT 107.11 495.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 114.48 495.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 134.73 495.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 144.76 495.50 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 179.23 495.50 Td (payout ) Tj ET Q
q 0 0 0 rg BT 203.04 495.50 Td (level ) Tj ET Q
q 0 0 0 rg BT 220.62 495.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 229.32 495.50 Td (performance. ) Tj ET Q
q 0 0 0 rg BT 273.32 495.50 Td (At ) Tj ET Q
q 0 0 0 rg BT 283.35 495.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 306.27 495.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 318.30 495.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 338.33 495.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 351.03 495.50 Td (measurement ) Tj ET Q
q 0 0 0 rg BT 395.71 495.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 404.26 495.50 Td (TSR ) Tj ET Q
q 0 0 0 rg BT 420.97 495.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 432.33 495.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 444.13 495.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 486.59 495.50 Td (period ) Tj ET Q
q 0 0 0 rg BT 509.06 495.50 Td (had ) Tj ET Q
q 0 0 0 rg BT 522.64 495.50 Td (us ) Tj ET Q
q 0 0 0 rg BT 531.79 495.50 Td (tracking ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 485.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 75.05 485.90 Td (141% ) Tj ET Q
q 0 0 0 rg BT 95.50 485.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 103.94 485.90 Td (tar) Tj ET Q
q 0 0 0 rg BT 112.24 485.90 Td (get. ) Tj ET Q
q 0 0 0 rg BT 125.66 485.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 139.88 485.90 Td (actual ) Tj ET Q
q 0 0 0 rg BT 160.76 485.90 Td (number ) Tj ET Q
q 0 0 0 rg BT 186.97 485.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.42 485.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 217.19 485.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 231.41 485.90 Td (vested ) Tj ET Q
q 0 0 0 rg BT 253.63 485.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 266.96 485.90 Td (earned ) Tj ET Q
q 0 0 0 rg BT 290.06 485.90 Td (following ) Tj ET Q
q 0 0 0 rg BT 322.95 485.90 Td (certification ) Tj ET Q
q 0 0 0 rg BT 363.37 485.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.82 485.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 414.02 485.90 Td (results ) Tj ET Q
q 0 0 0 rg BT 436.68 485.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 446.46 485.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 458.02 485.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 506.02 485.90 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 543.35 485.90 Td (after ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 476.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 90.29 476.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 102.20 476.30 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 121.97 476.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 136.32 476.30 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 173.78 476.30 Td (exercised ) Tj ET Q
q 0 0 0 rg BT 205.89 476.30 Td (its ) Tj ET Q
q 0 0 0 rg BT 215.36 476.30 Td (negative ) Tj ET Q
q 0 0 0 rg BT 244.37 476.30 Td (discretion, ) Tj ET Q
q 0 0 0 rg BT 279.83 476.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 288.40 476.30 Td (permitted ) Tj ET Q
q 0 0 0 rg BT 320.97 476.30 Td (under ) Tj ET Q
q 0 0 0 rg BT 341.09 476.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 352.78 476.30 Td (award ) Tj ET Q
q 0 0 0 rg BT 374.23 476.30 Td (agreements, ) Tj ET Q
q 0 0 0 rg BT 414.56 476.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 422.70 476.30 Td (approve ) Tj ET Q
q 0 0 0 rg BT 450.37 476.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 455.83 476.30 Td (payout ) Tj ET Q
q 0 0 0 rg BT 479.52 476.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 487.20 476.30 Td (105% ) Tj ET Q
q 0 0 0 rg BT 507.78 476.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 516.35 476.30 Td (tar) Tj ET Q
q 0 0 0 rg BT 524.64 476.30 Td (get, ) Tj ET Q
q 0 0 0 rg BT 538.33 476.30 Td (due ) Tj ET Q
q 0 0 0 rg BT 551.79 476.30 Td (to ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 466.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.27 466.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 103.04 466.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 111.71 466.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.48 466.70 Td (proposed ) Tj ET Q
q 0 0 0 rg BT 154.81 466.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 167.99 466.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 180.21 466.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 190.21 466.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 208.64 466.70 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 232.64 466.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 237.76 466.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 256.64 466.70 Td (price ) Tj ET Q
q 0 0 0 rg BT 274.63 466.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 288.18 466.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 299.96 466.70 Td (impact ) Tj ET Q
q 0 0 0 rg BT 323.73 466.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.39 466.70 Td (COVID-19 ) Tj ET Q
q 0 0 0 rg BT 370.39 466.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 380.39 466.70 Td (relative ) Tj ET Q
q 0 0 0 rg BT 406.37 466.70 Td (performance.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 454.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 80.61 454.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.38 454.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 109.04 454.10 Td (15, ) Tj ET Q
q 0 0 0 rg BT 121.04 454.10 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 139.04 454.10 Td (award, ) Tj ET Q
q 0 0 0 rg BT 162.58 454.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.35 454.10 Td (three ) Tj ET Q
q 0 0 0 rg BT 192.33 454.10 Td (year ) Tj ET Q
q 0 0 0 rg BT 208.09 454.10 Td (period ) Tj ET Q
q 0 0 0 rg BT 230.53 454.10 Td (began ) Tj ET Q
q 0 0 0 rg BT 251.63 454.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 261.18 454.10 Td (April ) Tj ET Q
q 0 0 0 rg BT 280.07 454.10 Td (1, ) Tj ET Q
q 0 0 0 rg BT 288.06 454.10 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 306.06 454.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 319.61 454.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 334.05 454.10 Td (end ) Tj ET Q
q 0 0 0 rg BT 347.60 454.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 357.60 454.10 Td (March ) Tj ET Q
q 0 0 0 rg BT 380.47 454.10 Td (31, ) Tj ET Q
q 0 0 0 rg BT 392.47 454.10 Td (2021. ) Tj ET Q
q 0 0 0 rg BT 412.32 454.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 426.76 454.10 Td (amount ) Tj ET Q
q 0 0 0 rg BT 452.75 454.10 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 482.72 454.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 490.94 454.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 502.71 454.10 Td (table ) Tj ET Q
q 0 0 0 rg BT 520.26 454.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 531.58 454.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 543.35 454.10 Td (May ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 444.50 Td (15, ) Tj ET Q
q 0 0 0 rg BT 79.57 444.50 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 97.63 444.50 Td (award ) Tj ET Q
q 0 0 0 rg BT 119.25 444.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 126.65 444.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 146.93 444.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 157.00 444.50 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 191.51 444.50 Td (payout ) Tj ET Q
q 0 0 0 rg BT 215.35 444.50 Td (level ) Tj ET Q
q 0 0 0 rg BT 232.96 444.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 241.69 444.50 Td (performance ) Tj ET Q
q 0 0 0 rg BT 284.18 444.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 292.91 444.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 298.53 444.50 Td (result ) Tj ET Q
q 0 0 0 rg BT 318.37 444.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.10 444.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.79 444.50 Td (TSR ) Tj ET Q
q 0 0 0 rg BT 355.53 444.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 369.15 444.50 Td (or) Tj ET Q
q 0 0 0 rg BT 375.67 444.50 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 395.06 444.50 Td (growth ) Tj ET Q
q 0 0 0 rg BT 419.79 444.50 Td (ranking ) Tj ET Q
q 0 0 0 rg BT 446.30 444.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 454.14 444.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 477.08 444.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 489.15 444.50 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 507.22 444.50 Td (which ) Tj ET Q
q 0 0 0 rg BT 528.84 444.50 Td (yielded ) Tj ET Q
q 0 0 0 rg BT 554.45 444.50 Td (a ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 434.90 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 99.27 434.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 107.93 434.90 Td (125% ) Tj ET Q
q 0 0 0 rg BT 128.60 434.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 137.26 434.90 Td (tar) Tj ET Q
q 0 0 0 rg BT 145.55 434.90 Td (get. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 422.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 80.59 422.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.33 422.30 Td (May ) Tj ET Q
q 0 0 0 rg BT 108.97 422.30 Td (15, ) Tj ET Q
q 0 0 0 rg BT 120.95 422.30 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 138.92 422.30 Td (award, ) Tj ET Q
q 0 0 0 rg BT 162.44 422.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 174.18 422.30 Td (three ) Tj ET Q
q 0 0 0 rg BT 192.14 422.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 207.88 422.30 Td (period ) Tj ET Q
q 0 0 0 rg BT 230.29 422.30 Td (began ) Tj ET Q
q 0 0 0 rg BT 250.93 422.30 Td (April ) Tj ET Q
q 0 0 0 rg BT 269.79 422.30 Td (1, ) Tj ET Q
q 0 0 0 rg BT 277.77 422.30 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 295.74 422.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 309.27 422.30 Td (will ) Tj ET Q
q 0 0 0 rg BT 323.69 422.30 Td (end ) Tj ET Q
q 0 0 0 rg BT 337.21 422.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 347.18 422.30 Td (March ) Tj ET Q
q 0 0 0 rg BT 370.04 422.30 Td (31, ) Tj ET Q
q 0 0 0 rg BT 382.01 422.30 Td (2022. ) Tj ET Q
q 0 0 0 rg BT 401.84 422.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 416.25 422.30 Td (amount ) Tj ET Q
q 0 0 0 rg BT 442.22 422.30 Td (reported ) Tj ET Q
q 0 0 0 rg BT 470.85 422.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 479.04 422.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.79 422.30 Td (table ) Tj ET Q
q 0 0 0 rg BT 508.31 422.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 519.61 422.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.36 422.30 Td (May ) Tj ET Q
q 0 0 0 rg BT 548.00 422.30 Td (15, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 412.70 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 85.88 412.70 Td (award ) Tj ET Q
q 0 0 0 rg BT 107.80 412.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 115.52 412.70 Td (based ) Tj ET Q
q 0 0 0 rg BT 136.11 412.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 146.49 412.70 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 181.31 412.70 Td (payout ) Tj ET Q
q 0 0 0 rg BT 205.46 412.70 Td (level ) Tj ET Q
q 0 0 0 rg BT 223.39 412.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 232.43 412.70 Td (performance, ) Tj ET Q
q 0 0 0 rg BT 277.23 412.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 286.27 412.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 292.20 412.70 Td (result ) Tj ET Q
q 0 0 0 rg BT 312.35 412.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 321.39 412.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 333.38 412.70 Td (TSR ) Tj ET Q
q 0 0 0 rg BT 350.43 412.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 364.36 412.70 Td (or) Tj ET Q
q 0 0 0 rg BT 370.88 412.70 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 390.58 412.70 Td (growth ) Tj ET Q
q 0 0 0 rg BT 415.62 412.70 Td (ranking ) Tj ET Q
q 0 0 0 rg BT 442.44 412.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 450.59 412.70 Td (March ) Tj ET Q
q 0 0 0 rg BT 473.85 412.70 Td (31, ) Tj ET Q
q 0 0 0 rg BT 486.23 412.70 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 506.61 412.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 528.54 412.70 Td (yielded ) Tj ET Q
q 0 0 0 rg BT 554.46 412.70 Td (a ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 403.10 Td (valuation ) Tj ET Q
q 0 0 0 rg BT 99.27 403.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 107.93 403.10 Td (125% ) Tj ET Q
q 0 0 0 rg BT 128.60 403.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 137.26 403.10 Td (tar) Tj ET Q
q 0 0 0 rg BT 145.55 403.10 Td (get.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 388.10 Td (\(5\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 388.10 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 388.10 Td (Options ) Tj ET Q
q 0 0 0 rg BT 94.12 388.10 Td (awarded ) Tj ET Q
q 0 0 0 rg BT 122.50 388.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 131.79 388.10 Td (May ) Tj ET Q
q 0 0 0 rg BT 147.73 388.10 Td (2, ) Tj ET Q
q 0 0 0 rg BT 155.02 388.10 Td (2013 ) Tj ET Q
q 0 0 0 rg BT 172.30 388.10 Td (represent ) Tj ET Q
q 0 0 0 rg BT 202.91 388.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 211.74 388.10 Td (award ) Tj ET Q
q 0 0 0 rg BT 232.57 388.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 240.52 388.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 282.22 388.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 300.39 388.10 Td (options ) Tj ET Q
q 0 0 0 rg BT 325.24 388.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 332.75 388.10 Td (Mr) Tj ET Q
q 0 0 0 rg BT 342.08 388.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 345.37 388.10 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 373.32 388.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 390.61 388.10 Td (his ) Tj ET Q
q 0 0 0 rg BT 401.23 388.10 Td (promotion ) Tj ET Q
q 0 0 0 rg BT 435.84 388.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 443.79 388.10 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 462.85 388.10 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 496.12 388.10 Td (Of) Tj ET Q
q 0 0 0 rg BT 504.42 388.10 Td (ficer) Tj ET Q
q 0 0 0 rg BT 518.75 388.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 522.04 388.10 Td (exercisable ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 378.50 Td (only ) Tj ET Q
q 0 0 0 rg BT 83.77 378.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 90.71 378.50 Td (certain ) Tj ET Q
q 0 0 0 rg BT 114.52 378.50 Td (time ) Tj ET Q
q 0 0 0 rg BT 130.79 378.50 Td (based ) Tj ET Q
q 0 0 0 rg BT 151.05 378.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 164.65 378.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 183.58 378.50 Td (price ) Tj ET Q
q 0 0 0 rg BT 201.62 378.50 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 237.00 378.50 Td (were ) Tj ET Q
q 0 0 0 rg BT 254.59 378.50 Td (met. ) Tj ET Q
q 0 0 0 rg BT 270.19 378.50 Td (As ) Tj ET Q
q 0 0 0 rg BT 281.13 378.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 289.84 378.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 312.77 378.50 Td (31, ) Tj ET Q
q 0 0 0 rg BT 324.82 378.50 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 344.86 378.50 Td (all ) Tj ET Q
q 0 0 0 rg BT 354.91 378.50 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 390.29 378.50 Td (had ) Tj ET Q
q 0 0 0 rg BT 403.89 378.50 Td (been ) Tj ET Q
q 0 0 0 rg BT 421.04 378.50 Td (satisfied: ) Tj ET Q
q 0 0 0 rg BT 451.97 378.50 Td (25% ) Tj ET Q
q 0 0 0 rg BT 468.68 378.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 477.40 378.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 489.22 378.50 Td (award ) Tj ET Q
q 0 0 0 rg BT 510.81 378.50 Td (vested ) Tj ET Q
q 0 0 0 rg BT 533.30 378.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 543.35 378.50 Td (May ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 368.90 Td (2, ) Tj ET Q
q 0 0 0 rg BT 75.30 368.90 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 95.10 368.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 108.45 368.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 117.80 368.90 Td (additional ) Tj ET Q
q 0 0 0 rg BT 151.60 368.90 Td (25% ) Tj ET Q
q 0 0 0 rg BT 168.06 368.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 176.53 368.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 188.10 368.90 Td (award ) Tj ET Q
q 0 0 0 rg BT 209.45 368.90 Td (vested ) Tj ET Q
q 0 0 0 rg BT 231.68 368.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 241.48 368.90 Td (each ) Tj ET Q
q 0 0 0 rg BT 257.94 368.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 266.40 368.90 Td (May ) Tj ET Q
q 0 0 0 rg BT 282.87 368.90 Td (2, ) Tj ET Q
q 0 0 0 rg BT 290.67 368.90 Td (2015, ) Tj ET Q
q 0 0 0 rg BT 310.47 368.90 Td (January ) Tj ET Q
q 0 0 0 rg BT 337.15 368.90 Td (15, ) Tj ET Q
q 0 0 0 rg BT 348.95 368.90 Td (2014 ) Tj ET Q
q 0 0 0 rg BT 366.75 368.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 380.10 368.90 Td (June ) Tj ET Q
q 0 0 0 rg BT 396.57 368.90 Td (5, ) Tj ET Q
q 0 0 0 rg BT 404.37 368.90 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 424.17 368.90 Td (upon ) Tj ET Q
q 0 0 0 rg BT 441.97 368.90 Td (achievement ) Tj ET Q
q 0 0 0 rg BT 484.19 368.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 492.66 368.90 Td (specified ) Tj ET Q
q 0 0 0 rg BT 523.33 368.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 542.02 368.90 Td (price ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 359.30 Td (tar) Tj ET Q
q 0 0 0 rg BT 75.79 359.30 Td (gets ) Tj ET Q
q 0 0 0 rg BT 90.68 359.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 99.34 359.30 Td ($36.46, ) Tj ET Q
q 0 0 0 rg BT 125.34 359.30 Td ($41.46 ) Tj ET Q
q 0 0 0 rg BT 149.34 359.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 162.89 359.30 Td ($46.46, ) Tj ET Q
q 0 0 0 rg BT 188.89 359.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 227.02 359.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 231.02 359.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 242.35 359.30 Td (twenty ) Tj ET Q
q 0 0 0 rg BT 266.13 359.30 Td (consecutive ) Tj ET Q
q 0 0 0 rg BT 305.89 359.30 Td (days ) Tj ET Q
q 0 0 0 rg BT 322.55 359.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 331.21 359.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 339.88 359.30 Td (those ) Tj ET Q
q 0 0 0 rg BT 358.77 359.30 Td (dates.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 344.30 Td (\(6\) ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.83 344.30 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 344.30 Td (A) Tj ET Q
q 0 0 0 rg BT 72.54 344.30 Td (wards ) Tj ET Q
q 0 0 0 rg BT 93.73 344.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 102.03 344.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 113.88 344.30 Td (table ) Tj ET Q
q 0 0 0 rg BT 131.50 344.30 Td (represent ) Tj ET Q
q 0 0 0 rg BT 162.90 344.30 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 193.41 344.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 212.38 344.30 Td (options ) Tj ET Q
q 0 0 0 rg BT 238.02 344.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 251.64 344.30 Td (performance ) Tj ET Q
q 0 0 0 rg BT 294.14 344.30 Td (share ) Tj ET Q
q 0 0 0 rg BT 313.10 344.30 Td (units ) Tj ET Q
q 0 0 0 rg BT 330.73 344.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 352.36 344.30 Td (will ) Tj ET Q
q 0 0 0 rg BT 366.89 344.30 Td (continue ) Tj ET Q
q 0 0 0 rg BT 396.51 344.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 404.81 344.30 Td (vest ) Tj ET Q
q 0 0 0 rg BT 419.78 344.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 428.08 344.30 Td (connection ) Tj ET Q
q 0 0 0 rg BT 465.25 344.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 481.55 344.30 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 495.86 344.30 Td (Cashman�) Tj ET Q
q 0 0 0 rg BT 527.86 344.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 533.05 344.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 546.68 344.30 Td (Mr) Tj ET Q
q 0 0 0 rg BT 556.01 344.30 Td (. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 334.70 Td (Hoops�) Tj ET Q
q 0 0 0 rg BT 90.46 334.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 93.26 334.70 Td (separation ) Tj ET Q
q 0 0 0 rg BT 128.94 334.70 Td (arrangements. ) Tj ET Q
q 0 0 0 rg BT 176.22 334.70 Td (All ) Tj ET Q
q 0 0 0 rg BT 189.24 334.70 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 221.81 334.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 241.50 334.70 Td (units ) Tj ET Q
q 0 0 0 rg BT 259.86 334.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 278.21 334.70 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 316.98 334.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 331.33 334.70 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 368.35 334.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 376.93 334.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 389.51 334.70 Td (time ) Tj ET Q
q 0 0 0 rg BT 406.53 334.70 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 421.56 334.70 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 454.14 334.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 468.49 334.70 Td (Mr) Tj ET Q
q 0 0 0 rg BT 477.83 334.70 Td (. ) Tj ET Q
q 0 0 0 rg BT 482.63 334.70 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 506.33 334.70 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 543.34 334.70 Td (their ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 325.10 Td (employment, ) Tj ET Q
q 0 0 0 rg BT 111.49 325.10 Td (ef) Tj ET Q
q 0 0 0 rg BT 117.56 325.10 Td (fective ) Tj ET Q
q 0 0 0 rg BT 141.32 325.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 149.99 325.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 158.65 325.10 Td (January ) Tj ET Q
q 0 0 0 rg BT 185.53 325.10 Td (1, ) Tj ET Q
q 0 0 0 rg BT 193.53 325.10 Td (2020.) Tj ET Q
endstream
endobj
353 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 354 0 R>>
endobj
354 0 obj
<</Length 41767>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (174) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Option Exer) Tj ET Q
q 0 0 0 rg BT 105.02 741.90 Td (cises and Stock ) Tj ET Q
q 0 0 0 rg BT 175.13 741.90 Td (V) Tj ET Q
q 0 0 0 rg BT 181.75 741.90 Td (ested ) Tj ET Q
q 0 0 0 rg BT 206.93 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 212.97 741.90 Td (able) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 723.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 70.23 723.30 Td (following ) Tj ET Q
q 0 0 0 rg BT 115.47 723.30 Td (table ) Tj ET Q
q 0 0 0 rg BT 140.28 723.30 Td (provides ) Tj ET Q
q 0 0 0 rg BT 180.85 723.30 Td (information ) Tj ET Q
q 0 0 0 rg BT 234.83 723.30 Td (about ) Tj ET Q
q 0 0 0 rg BT 262.57 723.30 Td (exercises ) Tj ET Q
q 0 0 0 rg BT 305.46 723.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 318.61 723.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 345.18 723.30 Td (options ) Tj ET Q
q 0 0 0 rg BT 380.51 723.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 400.08 723.30 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 434.82 723.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 447.97 723.30 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 491.44 723.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 518.01 723.30 Td (units ) Tj ET Q
q 0 0 0 rg BT 542.84 723.30 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 710.70 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.17 710.70 Td (share ) Tj ET Q
q 0 0 0 rg BT 129.95 710.70 Td (units ) Tj ET Q
q 0 0 0 rg BT 153.00 710.70 Td (during ) Tj ET Q
q 0 0 0 rg BT 183.04 710.70 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 208.40 710.70 Td (year ) Tj ET Q
q 0 0 0 rg BT 229.10 710.70 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 252.72 710.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 267.59 710.70 Td (our ) Tj ET Q
q 0 0 0 rg BT 284.21 710.70 Td (named ) Tj ET Q
q 0 0 0 rg BT 314.83 710.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 357.68 710.70 Td (of) Tj ET Q
q 0 0 0 rg BT 366.23 710.70 Td (ficers.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
269.25 679.2 m
339.25 679.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
339.25 679.2 m
399.25 679.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403.25 679.2 m
467.25 679.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
467.25 679.2 m
480.25 679.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
480.25 679.2 m
540.25 679.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
540.25 679.2 m
557.25 679.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 618.2 m
269.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
269.25 618.2 m
339.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
339.25 618.2 m
399.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403.25 618.2 m
467.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
467.25 618.2 m
480.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
480.25 618.2 m
540.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
540.25 618.2 m
557.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 618.2 m
269.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
269.25 618.2 m
339.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
339.25 618.2 m
399.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
403.25 618.2 m
467.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
467.25 618.2 m
480.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
480.25 618.2 m
540.25 618.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
540.25 618.2 m
557.25 618.2 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 299.85 683.99 Td (Option ) Tj ET Q
q 0 0 0 rg BT 333.41 683.99 Td (A) Tj ET Q
q 0 0 0 rg BT 340.21 683.99 Td (wards) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 449.05 683.99 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 476.18 683.99 Td (A) Tj ET Q
q 0 0 0 rg BT 482.99 683.99 Td (wards) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 622.99 Td (Name) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 287.20 668.69 Td (Number) Tj ET Q
q 0 0 0 rg BT 324.34 668.69 Td ( of ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 307.35 658.19 Td (shar) Tj ET Q
q 0 0 0 rg BT 327.00 658.19 Td (es ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 282.55 647.69 Td (acquir) Tj ET Q
q 0 0 0 rg BT 311.53 647.69 Td (ed on ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 300.35 637.19 Td (exer) Tj ET Q
q 0 0 0 rg BT 319.39 637.19 Td (cise ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 315.50 622.99 Td (\(#\)) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 327.74 627.75 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 370.45 654.49 Td (V) Tj ET Q
q 0 0 0 rg BT 377.07 654.49 Td (alue ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 346.65 643.99 Td (r) Tj ET Q
q 0 0 0 rg BT 351.12 643.99 Td (ealized on ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 360.35 633.49 Td (exer) Tj ET Q
q 0 0 0 rg BT 379.39 633.49 Td (cise) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 375.50 622.99 Td (\($\)) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 387.74 627.75 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 415.20 654.49 Td (Number) Tj ET Q
q 0 0 0 rg BT 452.34 654.49 Td ( of) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 435.35 643.99 Td (shar) Tj ET Q
q 0 0 0 rg BT 455.00 643.99 Td (es) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 410.55 633.49 Td (acquir) Tj ET Q
q 0 0 0 rg BT 439.53 633.49 Td (ed on) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 420.00 622.99 Td (vesting\(#\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 511.45 654.49 Td (V) Tj ET Q
q 0 0 0 rg BT 518.07 654.49 Td (alue ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 487.65 643.99 Td (r) Tj ET Q
q 0 0 0 rg BT 492.12 643.99 Td (ealized on ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 505.20 633.49 Td (vesting) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 508.55 622.99 Td (\($\)) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 520.79 627.75 Td (\(2\)\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 607.97 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 82.67 607.97 Td (A. Sullivan) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.35 607.97 Td (62,265) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.10 607.97 Td (931,841) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.35 607.97 Td (74,530) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 469.75 611.54 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 607.97 Td (2,480,347) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 592.97 Td (Peter H. Nachtwey) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 301.10 592.97 Td (171,695) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 353.25 592.97 Td (2,284,383) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.35 592.97 Td (20,745) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.10 592.97 Td (690,265) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 577.97 Td (T) Tj ET Q
q 0 0 0 rg BT 57.80 577.97 Td (erence ) Tj ET Q
q 0 0 0 rg BT 87.16 577.97 Td (A. Johnson) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 301.10 577.97 Td (226,779) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 353.25 577.97 Td (2,635,122) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.35 577.97 Td (20,072) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.10 577.97 Td (666,167) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 562.97 Td (Patricia Lattin) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.35 562.97 Td (28,954) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.10 562.97 Td (302,828) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 439.60 562.97 Td (7,070) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.10 562.97 Td (236,986) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 547.97 Td (Thomas C. Merchant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.35 547.97 Td (72,532) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.10 547.97 Td (906,851) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.35 547.97 Td (10,370) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 469.75 551.54 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.10 547.97 Td (345,223) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 532.97 Td (Frances L. Cashman) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.35 532.97 Td (15,331) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 361.10 532.97 Td (250,739) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.35 532.97 Td (48,724) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 469.75 536.54 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 532.97 Td (1,705,799) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 542.75 536.54 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 517.97 Td (Thomas K. Hoops) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 306.35 517.97 Td (66,259) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 353.25 517.97 Td (1,031,128) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.35 517.97 Td (54,751) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 469.75 521.54 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 517.97 Td (1,91) Tj ET Q
q 0 0 0 rg BT 512.63 517.97 Td (1,348) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 542.75 521.54 Td (\(5\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 504.10 Td (\(1\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 504.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 81.57 504.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 100.53 504.10 Td (realized ) Tj ET Q
q 0 0 0 rg BT 127.48 504.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 145.12 504.10 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 172.96 504.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 183.92 504.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 202.44 504.10 Td (options ) Tj ET Q
q 0 0 0 rg BT 227.64 504.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 234.61 504.10 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 268.67 504.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 278.30 504.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 289.71 504.10 Td (multiplying ) Tj ET Q
q 0 0 0 rg BT 328.68 504.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.09 504.10 Td (dif) Tj ET Q
q 0 0 0 rg BT 348.83 504.10 Td (ference ) Tj ET Q
q 0 0 0 rg BT 374.00 504.10 Td (between ) Tj ET Q
q 0 0 0 rg BT 402.29 504.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.70 504.10 Td (sale ) Tj ET Q
q 0 0 0 rg BT 427.77 504.10 Td (price ) Tj ET Q
q 0 0 0 rg BT 445.40 504.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 453.70 504.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 465.10 504.10 Td (shares ) Tj ET Q
q 0 0 0 rg BT 486.73 504.10 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 523.03 504.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.44 504.10 Td (options ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 494.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 80.73 494.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.18 494.50 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 120.06 494.50 Td (price ) Tj ET Q
q 0 0 0 rg BT 137.73 494.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 146.07 494.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 157.52 494.50 Td (options ) Tj ET Q
q 0 0 0 rg BT 182.76 494.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 192.43 494.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.88 494.50 Td (number ) Tj ET Q
q 0 0 0 rg BT 230.00 494.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 238.34 494.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 260.01 494.50 Td (acquired ) Tj ET Q
q 0 0 0 rg BT 289.23 494.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 298.91 494.50 Td (exercise. ) Tj ET Q
q 0 0 0 rg BT 328.79 494.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 330.46 494.50 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 356.81 494.50 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 387.16 494.50 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 419.07 494.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 422.74 494.50 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 452.65 494.50 Td (Merchant, ) Tj ET Q
q 0 0 0 rg BT 486.98 494.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 500.21 494.50 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 522.78 494.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 536.00 494.50 Td (Mmes. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 484.90 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 99.49 484.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 113.25 484.90 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 134.57 484.90 Td (exercised ) Tj ET Q
q 0 0 0 rg BT 166.98 484.90 Td (options ) Tj ET Q
q 0 0 0 rg BT 192.75 484.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 204.29 484.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 216.28 484.90 Td (purchase ) Tj ET Q
q 0 0 0 rg BT 246.92 484.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 255.79 484.90 Td (62,265, ) Tj ET Q
q 0 0 0 rg BT 282.01 484.90 Td (171,695, ) Tj ET Q
q 0 0 0 rg BT 312.22 484.90 Td (226,779, ) Tj ET Q
q 0 0 0 rg BT 342.43 484.90 Td (75,532, ) Tj ET Q
q 0 0 0 rg BT 368.64 484.90 Td (66,259, ) Tj ET Q
q 0 0 0 rg BT 394.85 484.90 Td (15,331, ) Tj ET Q
q 0 0 0 rg BT 421.07 484.90 Td (28,954 ) Tj ET Q
q 0 0 0 rg BT 445.28 484.90 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 469.48 484.90 Td (respectively) Tj ET Q
q 0 0 0 rg BT 507.61 484.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 511.82 484.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 514.03 484.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 522.91 484.90 Td (connection ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 475.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 84.17 475.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 96.38 475.30 Td (exercise, ) Tj ET Q
q 0 0 0 rg BT 127.03 475.30 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 154.14 475.30 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 185.25 475.30 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 217.16 475.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 221.61 475.30 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 252.28 475.30 Td (Merchant, ) Tj ET Q
q 0 0 0 rg BT 287.37 475.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 301.37 475.30 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 324.70 475.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 338.69 475.30 Td (Mmes. ) Tj ET Q
q 0 0 0 rg BT 363.14 475.30 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 395.35 475.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 409.35 475.30 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 430.90 475.30 Td (sold ) Tj ET Q
q 0 0 0 rg BT 446.68 475.30 Td (49,341, ) Tj ET Q
q 0 0 0 rg BT 473.12 475.30 Td (144,852, ) Tj ET Q
q 0 0 0 rg BT 503.56 475.30 Td (198,261, ) Tj ET Q
q 0 0 0 rg BT 534.01 475.30 Td (60,547, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 465.70 Td (66,259, ) Tj ET Q
q 0 0 0 rg BT 93.82 465.70 Td (15,331, ) Tj ET Q
q 0 0 0 rg BT 120.13 465.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 134.00 465.70 Td (24,968 ) Tj ET Q
q 0 0 0 rg BT 158.32 465.70 Td (shares ) Tj ET Q
q 0 0 0 rg BT 180.63 465.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 218.75 465.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 223.07 465.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 234.71 465.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 246.80 465.70 Td (payment ) Tj ET Q
q 0 0 0 rg BT 276.67 465.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.65 465.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 297.74 465.70 Td (option ) Tj ET Q
q 0 0 0 rg BT 320.50 465.70 Td (exercises ) Tj ET Q
q 0 0 0 rg BT 352.13 465.70 Td (price ) Tj ET Q
q 0 0 0 rg BT 370.44 465.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 384.30 465.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 408.38 465.70 Td (taxes. ) Tj ET Q
q 0 0 0 rg BT 429.14 465.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 431.29 465.70 Td (They ) Tj ET Q
q 0 0 0 rg BT 450.04 465.70 Td (retained ) Tj ET Q
q 0 0 0 rg BT 478.12 465.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 490.21 465.70 Td (balance ) Tj ET Q
q 0 0 0 rg BT 516.95 465.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 525.93 465.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 538.02 465.70 Td (shares ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 456.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 85.50 456.10 Td (exercise.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 446.50 Td (\(2\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 446.50 Td (The ) Tj ET Q
q 0 0 0 rg BT 81.90 446.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 101.19 446.50 Td (realized ) Tj ET Q
q 0 0 0 rg BT 128.47 446.50 Td (upon ) Tj ET Q
q 0 0 0 rg BT 146.44 446.50 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 171.51 446.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.14 446.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 211.87 446.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 230.72 446.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 248.25 446.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 255.55 446.50 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 289.94 446.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 299.90 446.50 Td (multiplying ) Tj ET Q
q 0 0 0 rg BT 339.20 446.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 350.94 446.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 364.01 446.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 388.19 446.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 407.48 446.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 416.11 446.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 421.62 446.50 Td (share ) Tj ET Q
q 0 0 0 rg BT 440.47 446.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 449.10 446.50 Td (common ) Tj ET Q
q 0 0 0 rg BT 479.06 446.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 497.91 446.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 507.88 446.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 519.62 446.50 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 544.69 446.50 Td (date ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 436.90 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 82.11 436.90 Td (average ) Tj ET Q
q 0 0 0 rg BT 109.14 436.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.98 436.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.92 436.90 Td (high ) Tj ET Q
q 0 0 0 rg BT 146.31 436.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 160.03 436.90 Td (low ) Tj ET Q
q 0 0 0 rg BT 174.20 436.90 Td (trading ) Tj ET Q
q 0 0 0 rg BT 199.03 436.90 Td (prices ) Tj ET Q
q 0 0 0 rg BT 220.30 436.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 229.13 436.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 247.74 436.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 271.68 436.90 Td (common ) Tj ET Q
q 0 0 0 rg BT 301.85 436.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 320.90 436.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 331.07 436.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 343.02 436.90 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 368.29 436.90 Td (date\) ) Tj ET Q
q 0 0 0 rg BT 386.45 436.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 396.62 436.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.56 436.90 Td (number ) Tj ET Q
q 0 0 0 rg BT 435.17 436.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 444.00 436.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 466.16 436.90 Td (vested. ) Tj ET Q
q 0 0 0 rg BT 490.77 436.90 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 517.61 436.90 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 546.44 436.90 Td (and ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 427.30 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 100.20 427.30 Td (had ) Tj ET Q
q 0 0 0 rg BT 113.80 427.30 Td (1,800 ) Tj ET Q
q 0 0 0 rg BT 133.86 427.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 147.46 427.30 Td (1,085 ) Tj ET Q
q 0 0 0 rg BT 167.51 427.30 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 191.55 427.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 229.68 427.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 233.73 427.30 Td (withheld ) Tj ET Q
q 0 0 0 rg BT 263.78 427.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 272.05 427.30 Td (cover ) Tj ET Q
q 0 0 0 rg BT 291.87 427.30 Td (related ) Tj ET Q
q 0 0 0 rg BT 315.68 427.30 Td (tax ) Tj ET Q
q 0 0 0 rg BT 327.50 427.30 Td (withholding ) Tj ET Q
q 0 0 0 rg BT 368.22 427.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 378.27 427.30 Td (vested ) Tj ET Q
q 0 0 0 rg BT 400.76 427.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 414.36 427.30 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 443.06 427.30 Td (shares. ) Tj ET Q
q 0 0 0 rg BT 467.10 427.30 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 493.82 427.30 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 525.73 427.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 529.78 427.30 Td (Johnson, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 417.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 80.99 417.70 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 103.82 417.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 117.31 417.70 Td (Mmes. ) Tj ET Q
q 0 0 0 rg BT 141.25 417.70 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 162.29 417.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 175.79 417.70 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 207.50 417.70 Td (had ) Tj ET Q
q 0 0 0 rg BT 220.99 417.70 Td (4,949, ) Tj ET Q
q 0 0 0 rg BT 242.93 417.70 Td (5,685, ) Tj ET Q
q 0 0 0 rg BT 264.87 417.70 Td (16,608, ) Tj ET Q
q 0 0 0 rg BT 290.81 417.70 Td (3,421, ) Tj ET Q
q 0 0 0 rg BT 312.75 417.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 326.24 417.70 Td (17,295 ) Tj ET Q
q 0 0 0 rg BT 350.18 417.70 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 374.11 417.70 Td (respectively) Tj ET Q
q 0 0 0 rg BT 412.24 417.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 416.18 417.70 Td (withheld ) Tj ET Q
q 0 0 0 rg BT 446.11 417.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 454.27 417.70 Td (cover ) Tj ET Q
q 0 0 0 rg BT 473.98 417.70 Td (related ) Tj ET Q
q 0 0 0 rg BT 497.68 417.70 Td (tax ) Tj ET Q
q 0 0 0 rg BT 509.39 417.70 Td (withholding ) Tj ET Q
q 0 0 0 rg BT 550.00 417.70 Td (on ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 408.10 Td (vested ) Tj ET Q
q 0 0 0 rg BT 90.35 408.10 Td (shares. ) Tj ET Q
q 0 0 0 rg BT 114.75 408.10 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 131.39 408.10 Td (based ) Tj ET Q
q 0 0 0 rg BT 152.02 408.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 185.08 408.10 Td (of) Tj ET Q
q 0 0 0 rg BT 191.60 408.10 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 211.78 408.10 Td (who ) Tj ET Q
q 0 0 0 rg BT 227.97 408.10 Td (elected ) Tj ET Q
q 0 0 0 rg BT 253.03 408.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 261.66 408.10 Td (defer ) Tj ET Q
q 0 0 0 rg BT 280.50 408.10 Td (receipt ) Tj ET Q
q 0 0 0 rg BT 304.68 408.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 313.75 408.10 Td (shares ) Tj ET Q
q 0 0 0 rg BT 336.16 408.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 354.57 408.10 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 380.09 408.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 389.17 408.10 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 421.34 408.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 440.64 408.10 Td (units ) Tj ET Q
q 0 0 0 rg BT 458.61 408.10 Td (paid ) Tj ET Q
q 0 0 0 rg BT 474.80 408.10 Td (only ) Tj ET Q
q 0 0 0 rg BT 491.43 408.10 Td (Medicare ) Tj ET Q
q 0 0 0 rg BT 524.05 408.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 538.01 408.10 Td (Social ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 398.50 Td (Security ) Tj ET Q
q 0 0 0 rg BT 96.16 398.50 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 114.60 398.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 124.60 398.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 136.37 398.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 165.02 398.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 187.01 398.50 Td (upon ) Tj ET Q
q 0 0 0 rg BT 205.01 398.50 Td (vesting.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 388.90 Td (\(3\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 388.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 81.66 388.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 100.71 388.90 Td (realized ) Tj ET Q
q 0 0 0 rg BT 127.75 388.90 Td (upon ) Tj ET Q
q 0 0 0 rg BT 145.48 388.90 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 170.32 388.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 178.71 388.90 Td (performance ) Tj ET Q
q 0 0 0 rg BT 220.85 388.90 Td (units ) Tj ET Q
q 0 0 0 rg BT 238.14 388.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 245.20 388.90 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 279.35 388.90 Td (by ) Tj ET Q
q 0 0 0 rg BT 289.07 388.90 Td (multiplying ) Tj ET Q
q 0 0 0 rg BT 328.14 388.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 339.64 388.90 Td (fair ) Tj ET Q
q 0 0 0 rg BT 352.46 388.90 Td (market ) Tj ET Q
q 0 0 0 rg BT 376.40 388.90 Td (value ) Tj ET Q
q 0 0 0 rg BT 395.45 388.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 403.84 388.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 409.12 388.90 Td (share ) Tj ET Q
q 0 0 0 rg BT 427.73 388.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 436.12 388.90 Td (common ) Tj ET Q
q 0 0 0 rg BT 465.84 388.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 484.45 388.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 494.18 388.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 505.68 388.90 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 530.52 388.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 545.57 388.90 Td (\(the ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 379.30 Td (average ) Tj ET Q
q 0 0 0 rg BT 94.34 379.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 102.98 379.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.73 379.30 Td (high ) Tj ET Q
q 0 0 0 rg BT 130.92 379.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 144.45 379.30 Td (low ) Tj ET Q
q 0 0 0 rg BT 158.42 379.30 Td (trading ) Tj ET Q
q 0 0 0 rg BT 183.05 379.30 Td (prices ) Tj ET Q
q 0 0 0 rg BT 204.13 379.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 212.77 379.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 231.18 379.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 254.93 379.30 Td (common ) Tj ET Q
q 0 0 0 rg BT 284.90 379.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 303.76 379.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 313.73 379.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.48 379.30 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 350.56 379.30 Td (date\) ) Tj ET Q
q 0 0 0 rg BT 368.52 379.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 378.50 379.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 390.25 379.30 Td (number ) Tj ET Q
q 0 0 0 rg BT 416.66 379.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 425.29 379.30 Td (units ) Tj ET Q
q 0 0 0 rg BT 442.83 379.30 Td (vested. ) Tj ET Q
q 0 0 0 rg BT 467.24 379.30 Td (Fractional ) Tj ET Q
q 0 0 0 rg BT 501.64 379.30 Td (shares ) Tj ET Q
q 0 0 0 rg BT 523.61 379.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 537.58 379.30 Td (vested ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 369.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 84.62 369.70 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 120.42 369.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 128.22 369.70 Td (cash ) Tj ET Q
q 0 0 0 rg BT 144.01 369.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 157.14 369.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 168.48 369.70 Td (included ) Tj ET Q
q 0 0 0 rg BT 197.60 369.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 205.40 369.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 216.75 369.70 Td (value ) Tj ET Q
q 0 0 0 rg BT 235.65 369.70 Td (realized ) Tj ET Q
q 0 0 0 rg BT 262.54 369.70 Td (amount. ) Tj ET Q
q 0 0 0 rg BT 290.12 369.70 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 316.36 369.70 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 346.61 369.70 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 378.52 369.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 382.09 369.70 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 411.90 369.70 Td (Merchant, ) Tj ET Q
q 0 0 0 rg BT 446.13 369.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 459.26 369.70 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 481.72 369.70 Td (had ) Tj ET Q
q 0 0 0 rg BT 494.85 369.70 Td (7,059, ) Tj ET Q
q 0 0 0 rg BT 516.43 369.70 Td (2,050, ) Tj ET Q
q 0 0 0 rg BT 538.01 369.70 Td (3,751, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 360.10 Td (980, ) Tj ET Q
q 0 0 0 rg BT 83.50 360.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 97.05 360.10 Td (1,526 ) Tj ET Q
q 0 0 0 rg BT 117.05 360.10 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 141.04 360.10 Td (respectively) Tj ET Q
q 0 0 0 rg BT 179.17 360.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 183.17 360.10 Td (withheld ) Tj ET Q
q 0 0 0 rg BT 213.17 360.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 221.39 360.10 Td (cover ) Tj ET Q
q 0 0 0 rg BT 241.16 360.10 Td (related ) Tj ET Q
q 0 0 0 rg BT 264.92 360.10 Td (tax ) Tj ET Q
q 0 0 0 rg BT 276.69 360.10 Td (withholding ) Tj ET Q
q 0 0 0 rg BT 317.36 360.10 Td (on ) Tj ET Q
q 0 0 0 rg BT 327.36 360.10 Td (vested ) Tj ET Q
q 0 0 0 rg BT 349.80 360.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 392.21 360.10 Td (shares. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 350.50 Td (\(4\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 350.50 Td (Ef) Tj ET Q
q 0 0 0 rg BT 74.91 350.50 Td (fective ) Tj ET Q
q 0 0 0 rg BT 98.44 350.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 109.54 350.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.70 350.50 Td (April ) Tj ET Q
q 0 0 0 rg BT 139.35 350.50 Td (30, ) Tj ET Q
q 0 0 0 rg BT 151.13 350.50 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 168.90 350.50 Td (vest ) Tj ET Q
q 0 0 0 rg BT 183.56 350.50 Td (date, ) Tj ET Q
q 0 0 0 rg BT 200.66 350.50 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 227.10 350.50 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 255.54 350.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 268.86 350.50 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 301.28 350.50 Td (have ) Tj ET Q
q 0 0 0 rg BT 318.16 350.50 Td (elected ) Tj ET Q
q 0 0 0 rg BT 342.58 350.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 350.57 350.50 Td (defer ) Tj ET Q
q 0 0 0 rg BT 368.78 350.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.32 350.50 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 418.99 350.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.42 350.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 449.19 350.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 457.18 350.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 468.73 350.50 Td (respective ) Tj ET Q
q 0 0 0 rg BT 502.93 350.50 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 531.81 350.50 Td (set ) Tj ET Q
q 0 0 0 rg BT 542.47 350.50 Td (forth ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 340.90 Td (below ) Tj ET Q
q 0 0 0 rg BT 89.20 340.90 Td (\(before ) Tj ET Q
q 0 0 0 rg BT 114.44 340.90 Td (giving ) Tj ET Q
q 0 0 0 rg BT 137.04 340.90 Td (ef) Tj ET Q
q 0 0 0 rg BT 143.11 340.90 Td (fect ) Tj ET Q
q 0 0 0 rg BT 157.25 340.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 165.62 340.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 187.76 340.90 Td (withheld ) Tj ET Q
q 0 0 0 rg BT 217.91 340.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 229.38 340.90 Td (payment ) Tj ET Q
q 0 0 0 rg BT 259.08 340.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 267.89 340.90 Td (taxes\). ) Tj ET Q
q 0 0 0 rg BT 291.14 340.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 299.96 340.90 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 338.08 340.90 Td (with ) Tj ET Q
q 0 0 0 rg BT 354.45 340.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 371.26 340.90 Td (respective ) Tj ET Q
q 0 0 0 rg BT 405.83 340.90 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 432.85 340.90 Td (elections, ) Tj ET Q
q 0 0 0 rg BT 465.43 340.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 477.35 340.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 499.50 340.90 Td (will ) Tj ET Q
q 0 0 0 rg BT 514.09 340.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 523.79 340.90 Td (distributed ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 331.30 Td (five ) Tj ET Q
q 0 0 0 rg BT 81.94 331.30 Td (years ) Tj ET Q
q 0 0 0 rg BT 100.82 331.30 Td (after ) Tj ET Q
q 0 0 0 rg BT 117.47 331.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.24 331.30 Td (vest ) Tj ET Q
q 0 0 0 rg BT 144.13 331.30 Td (date ) Tj ET Q
q 0 0 0 rg BT 159.45 331.30 Td (\(subject ) Tj ET Q
q 0 0 0 rg BT 186.78 331.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 195.00 331.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 208.55 331.30 Td (further ) Tj ET Q
q 0 0 0 rg BT 232.32 331.30 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 259.18 331.30 Td (elections ) Tj ET Q
q 0 0 0 rg BT 289.62 331.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 303.61 331.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 313.16 331.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 345.81 331.30 Td (of) Tj ET Q
q 0 0 0 rg BT 352.33 331.30 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 368.98 331.30 Td (may ) Tj ET Q
q 0 0 0 rg BT 384.76 331.30 Td (make\).) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
140.75 307.79999999999995 m
268.75 307.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
268.75 307.79999999999995 m
329.75 307.79999999999995 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
329.75 307.79999999999995 m
465.75 307.79999999999995 l
s
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 143.25 312.03 Td (Name) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 287.35 312.03 Td (Grant Date) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 357.30 312.03 Td (V) Tj ET Q
q 0 0 0 rg BT 362.34 312.03 Td (ested Deferr) Tj ET Q
q 0 0 0 rg BT 404.17 312.03 Td (ed Shar) Tj ET Q
q 0 0 0 rg BT 430.48 312.03 Td (es) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 143.25 299.05 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 166.81 299.05 Td (A. Sullivan) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 289.80 299.05 Td (05/15/2015) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 388.25 299.05 Td (9,632) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 289.80 286.05 Td (05/13/2016) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 386.25 286.05 Td (13,284) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 289.80 273.05 Td (05/15/2017) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 386.25 273.05 Td (1) Tj ET Q
q 0 0 0 rg BT 390.25 273.05 Td (1,026) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 289.80 260.05 Td (05/15/2018) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 386.25 260.05 Td (19,152) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 143.25 247.05 Td (Thomas C. Merchant) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 289.80 247.05 Td (05/13/2016) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 388.25 247.05 Td (1,792) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 289.80 234.05 Td (05/15/2018) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 388.25 234.05 Td (2,928) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 208.70 Td (\(5\) ) Tj ET Q
q 0 0 0 rg BT 67.50 208.70 Td (V) Tj ET Q
q 0 0 0 rg BT 72.39 208.70 Td (esting of restricted stock unit awards was accelerated when Ms. Cashman�) Tj ET Q
q 0 0 0 rg BT 309.87 208.70 Td (s and Mr) Tj ET Q
q 0 0 0 rg BT 337.87 208.70 Td (. Hoops�) Tj ET Q
q 0 0 0 rg BT 364.83 208.70 Td ( employment ended ef) Tj ET Q
q 0 0 0 rg BT 436.00 208.70 Td (fective as of January 1, 2020.  ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 199.10 Td (Amounts include these accelerated awards.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.50 Td (Non-Qualified ) Tj ET Q
q 0 0 0 rg BT 116.30 174.50 Td (Deferr) Tj ET Q
q 0 0 0 rg BT 145.83 174.50 Td (ed ) Tj ET Q
q 0 0 0 rg BT 158.96 174.50 Td (Compensation) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 161.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.23 161.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 92.21 161.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 123.20 161.90 Td (& ) Tj ET Q
q 0 0 0 rg BT 133.78 161.90 Td (Co., ) Tj ET Q
q 0 0 0 rg BT 153.69 161.90 Td (LLC ) Tj ET Q
q 0 0 0 rg BT 175.93 161.90 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 215.64 161.90 Td (Compensation/Phantom ) Tj ET Q
q 0 0 0 rg BT 318.96 161.90 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 345.29 161.90 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 366.36 161.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 375.78 161.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 382.84 161.90 Td (non-qualified ) Tj ET Q
q 0 0 0 rg BT 441.82 161.90 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 479.20 161.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 539.92 161.90 Td (plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 70.21 149.30 Td (was ) Tj ET Q
q 0 0 0 rg BT 91.51 149.30 Td (available ) Tj ET Q
q 0 0 0 rg BT 134.38 149.30 Td (only ) Tj ET Q
q 0 0 0 rg BT 158.01 149.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 171.15 149.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 180.78 149.30 Td (select ) Tj ET Q
q 0 0 0 rg BT 209.65 149.30 Td (group ) Tj ET Q
q 0 0 0 rg BT 239.11 149.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 252.83 149.30 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 305.32 149.30 Td (including ) Tj ET Q
q 0 0 0 rg BT 349.96 149.30 Td (U.S.-based ) Tj ET Q
q 0 0 0 rg BT 401.00 149.30 Td (named ) Tj ET Q
q 0 0 0 rg BT 433.96 149.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 479.15 149.30 Td (of) Tj ET Q
q 0 0 0 rg BT 487.71 149.30 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 518.62 149.30 Td (based ) Tj ET Q
q 0 0 0 rg BT 547.50 149.30 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.70 Td (responsibilities ) Tj ET Q
q 0 0 0 rg BT 115.23 136.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 132.54 136.70 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 193.02 136.70 Td (levels. ) Tj ET Q
q 0 0 0 rg BT 222.28 136.70 Td (Deferrals ) Tj ET Q
q 0 0 0 rg BT 263.49 136.70 Td (were ) Tj ET Q
q 0 0 0 rg BT 286.05 136.70 Td (no ) Tj ET Q
q 0 0 0 rg BT 298.70 136.70 Td (longer ) Tj ET Q
q 0 0 0 rg BT 327.67 136.70 Td (accepted ) Tj ET Q
q 0 0 0 rg BT 366.54 136.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 376.86 136.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.84 136.70 Td (Phantom ) Tj ET Q
q 0 0 0 rg BT 431.33 136.70 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 457.40 136.70 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 478.22 136.70 Td (after ) Tj ET Q
q 0 0 0 rg BT 499.60 136.70 Td (December ) Tj ET Q
q 0 0 0 rg BT 544.89 136.70 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.10 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 75.36 124.10 Td (but ) Tj ET Q
q 0 0 0 rg BT 91.01 124.10 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 134.08 124.10 Td (continue ) Tj ET Q
q 0 0 0 rg BT 172.47 124.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 182.88 124.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 195.02 124.10 Td (credited ) Tj ET Q
q 0 0 0 rg BT 231.07 124.10 Td (as ) Tj ET Q
q 0 0 0 rg BT 242.05 124.10 Td (described ) Tj ET Q
q 0 0 0 rg BT 284.52 124.10 Td (below) Tj ET Q
q 0 0 0 rg BT 309.50 124.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 314.36 124.10 Td (Under ) Tj ET Q
q 0 0 0 rg BT 342.83 124.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.90 124.10 Td (terms ) Tj ET Q
q 0 0 0 rg BT 383.46 124.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 394.44 124.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 409.51 124.10 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 432.45 124.10 Td (participants ) Tj ET Q
q 0 0 0 rg BT 483.67 124.10 Td (were ) Tj ET Q
q 0 0 0 rg BT 506.30 124.10 Td (able ) Tj ET Q
q 0 0 0 rg BT 526.03 124.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 536.43 124.10 Td (defer ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.50 Td (up ) Tj ET Q
q 0 0 0 rg BT 61.58 111.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 71.33 111.50 Td ($60,000 ) Tj ET Q
q 0 0 0 rg BT 107.04 111.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 116.79 111.50 Td (annual ) Tj ET Q
q 0 0 0 rg BT 146.36 111.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 206.27 111.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 218.35 111.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 224.59 111.50 Td (pre-tax ) Tj ET Q
q 0 0 0 rg BT 255.91 111.50 Td (basis. ) Tj ET Q
q 0 0 0 rg BT 280.77 111.50 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 320.86 111.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 357.41 111.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 382.90 111.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.31 111.50 Td (plan ) Tj ET Q
q 0 0 0 rg BT 416.97 111.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 431.37 111.50 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 465.61 111.50 Td (invested ) Tj ET Q
q 0 0 0 rg BT 502.18 111.50 Td (in ) Tj ET Q
q 0 0 0 rg BT 511.93 111.50 Td (�phantom� ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 98.90 Td (shares ) Tj ET Q
q 0 0 0 rg BT 78.09 98.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 89.18 98.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 105.52 98.90 Td (common ) Tj ET Q
q 0 0 0 rg BT 144.61 98.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 169.12 98.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 179.05 98.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 186.05 98.90 Td (price ) Tj ET Q
q 0 0 0 rg BT 209.38 98.90 Td (equal ) Tj ET Q
q 0 0 0 rg BT 234.47 98.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 244.98 98.90 Td (90% ) Tj ET Q
q 0 0 0 rg BT 266.57 98.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 277.67 98.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 292.84 98.90 Td (market ) Tj ET Q
q 0 0 0 rg BT 324.34 98.90 Td (price ) Tj ET Q
q 0 0 0 rg BT 347.67 98.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 360.52 98.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 375.69 98.90 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 410.68 98.90 Td (investment ) Tj ET Q
q 0 0 0 rg BT 459.11 98.90 Td (date. ) Tj ET Q
q 0 0 0 rg BT 481.57 98.90 Td (Dividends ) Tj ET Q
q 0 0 0 rg BT 527.08 98.90 Td (paid ) Tj ET Q
q 0 0 0 rg BT 547.50 98.90 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 65.79 86.30 Td (common ) Tj ET Q
q 0 0 0 rg BT 104.83 86.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 129.29 86.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 144.40 86.30 Td (credited ) Tj ET Q
q 0 0 0 rg BT 180.50 86.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 190.96 86.30 Td (phantom ) Tj ET Q
q 0 0 0 rg BT 230.00 86.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 254.46 86.30 Td (at ) Tj ET Q
q 0 0 0 rg BT 264.33 86.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 271.28 86.30 Td (price ) Tj ET Q
q 0 0 0 rg BT 294.56 86.30 Td (equal ) Tj ET Q
q 0 0 0 rg BT 319.59 86.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 330.05 86.30 Td (95% ) Tj ET Q
q 0 0 0 rg BT 351.59 86.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 362.63 86.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 377.75 86.30 Td (market ) Tj ET Q
q 0 0 0 rg BT 409.20 86.30 Td (price ) Tj ET Q
q 0 0 0 rg BT 432.48 86.30 Td (on ) Tj ET Q
q 0 0 0 rg BT 445.27 86.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 460.39 86.30 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 499.43 86.30 Td (payment ) Tj ET Q
q 0 0 0 rg BT 537.88 86.30 Td (date. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.70 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 90.26 73.70 Td (are ) Tj ET Q
q 0 0 0 rg BT 106.52 73.70 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 142.59 73.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 154.78 73.70 Td (they ) Tj ET Q
q 0 0 0 rg BT 176.29 73.70 Td (would ) Tj ET Q
q 0 0 0 rg BT 205.98 73.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 219.33 73.70 Td (if ) Tj ET Q
q 0 0 0 rg BT 229.18 73.70 Td (investing ) Tj ET Q
q 0 0 0 rg BT 271.12 73.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 282.72 73.70 Td (actual ) Tj ET Q
q 0 0 0 rg BT 311.23 73.70 Td (shares ) Tj ET Q
q 0 0 0 rg BT 340.91 73.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 353.09 73.70 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 378.10 73.70 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 410.12 73.70 Td (common ) Tj ET Q
q 0 0 0 rg BT 450.31 73.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 475.91 73.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 494.51 73.70 Td (include ) Tj ET Q
q 0 0 0 rg BT 528.85 73.70 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.10 Td (appreciation ) Tj ET Q
q 0 0 0 rg BT 103.62 61.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 121.00 61.10 Td (dividends. ) Tj ET Q
q 0 0 0 rg BT 166.19 61.10 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 206.92 61.10 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 244.12 61.10 Td (under ) Tj ET Q
q 0 0 0 rg BT 270.25 61.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 286.47 61.10 Td (Phantom ) Tj ET Q
q 0 0 0 rg BT 326.03 61.10 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 352.18 61.10 Td (Plan, ) Tj ET Q
q 0 0 0 rg BT 375.70 61.10 Td (including ) Tj ET Q
q 0 0 0 rg BT 417.58 61.10 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 475.22 61.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 487.95 61.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 511.75 61.10 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 545.18 61.10 Td (are ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.50 Td (fully ) Tj ET Q
q 0 0 0 rg BT 71.48 48.50 Td (vested ) Tj ET Q
q 0 0 0 rg BT 100.46 48.50 Td (at ) Tj ET Q
q 0 0 0 rg BT 110.19 48.50 Td (all ) Tj ET Q
q 0 0 0 rg BT 122.84 48.50 Td (times ) Tj ET Q
q 0 0 0 rg BT 147.74 48.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 165.05 48.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 180.02 48.50 Td (not ) Tj ET Q
q 0 0 0 rg BT 195.59 48.50 Td (subject ) Tj ET Q
q 0 0 0 rg BT 227.49 48.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 237.80 48.50 Td (forfeiture. ) Tj ET Q
q 0 0 0 rg BT 281.75 48.50 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 322.41 48.50 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 359.53 48.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 385.59 48.50 Td (this ) Tj ET Q
q 0 0 0 rg BT 402.91 48.50 Td (plan ) Tj ET Q
q 0 0 0 rg BT 423.14 48.50 Td (are ) Tj ET Q
q 0 0 0 rg BT 438.11 48.50 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 485.18 48.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 495.50 48.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 510.48 48.50 Td (participant, ) Tj ET Q
endstream
endobj
355 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 356 0 R>>
endobj
356 0 obj
<</Length 36603>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (175) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.74 741.75 Td (his ) Tj ET Q
q 0 0 0 rg BT 75.48 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 86.72 741.75 Td (her ) Tj ET Q
q 0 0 0 rg BT 102.62 741.75 Td (beneficiary) Tj ET Q
q 0 0 0 rg BT 149.16 741.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 154.28 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 164.94 741.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 193.67 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 204.91 741.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 221.40 741.75 Td (common ) Tj ET Q
q 0 0 0 rg BT 260.63 741.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 285.29 741.75 Td (after ) Tj ET Q
q 0 0 0 rg BT 307.01 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 322.33 741.75 Td (participant�) Tj ET Q
q 0 0 0 rg BT 370.15 741.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 376.73 741.75 Td (employment ) Tj ET Q
q 0 0 0 rg BT 431.71 741.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 448.20 741.75 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 495.59 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 510.32 741.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 527.98 741.75 Td (reason, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (either ) Tj ET Q
q 0 0 0 rg BT 75.39 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 85.55 729.15 Td (lump ) Tj ET Q
q 0 0 0 rg BT 109.13 729.15 Td (sum ) Tj ET Q
q 0 0 0 rg BT 128.62 729.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 179.03 729.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 189.77 729.15 Td (three ) Tj ET Q
q 0 0 0 rg BT 212.75 729.15 Td (annual ) Tj ET Q
q 0 0 0 rg BT 242.73 729.15 Td (installments, ) Tj ET Q
q 0 0 0 rg BT 298.09 729.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 307.66 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 322.48 729.15 Td (participant�) Tj ET Q
q 0 0 0 rg BT 370.29 729.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 376.37 729.15 Td (election. ) Tj ET Q
q 0 0 0 rg BT 414.22 729.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 424.96 729.15 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 463.99 729.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 487.55 729.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 518.13 729.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 538.20 729.15 Td (elect ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 61.61 716.55 Td (distribute ) Tj ET Q
q 0 0 0 rg BT 105.21 716.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 141.80 716.55 Td (balances ) Tj ET Q
q 0 0 0 rg BT 181.88 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 193.99 716.55 Td (named ) Tj ET Q
q 0 0 0 rg BT 225.92 716.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 270.09 716.55 Td (of) Tj ET Q
q 0 0 0 rg BT 278.64 716.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 305.90 716.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 318.01 716.55 Td (connection ) Tj ET Q
q 0 0 0 rg BT 368.02 716.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 390.62 716.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 399.22 716.55 Td (change ) Tj ET Q
q 0 0 0 rg BT 432.89 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 445.58 716.55 Td (control ) Tj ET Q
q 0 0 0 rg BT 479.26 716.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 489.62 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 506.38 716.55 Td (plan ) Tj ET Q
q 0 0 0 rg BT 528.40 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 547.50 716.55 Td (all ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 106.33 703.95 Td (similar ) Tj ET Q
q 0 0 0 rg BT 139.24 703.95 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 190.80 703.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 207.37 703.95 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 256.02 703.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 278.43 703.95 Td (respect ) Tj ET Q
q 0 0 0 rg BT 311.92 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 323.83 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.41 703.95 Td (participants ) Tj ET Q
q 0 0 0 rg BT 393.14 703.95 Td (af) Tj ET Q
q 0 0 0 rg BT 401.11 703.95 Td (fected ) Tj ET Q
q 0 0 0 rg BT 430.51 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 444.75 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 461.33 703.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 494.81 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 507.31 703.95 Td (control. ) Tj ET Q
q 0 0 0 rg BT 543.42 703.95 Td (For ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 89.54 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 100.99 691.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 117.69 691.35 Td (Phantom ) Tj ET Q
q 0 0 0 rg BT 157.73 691.35 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 184.35 691.35 Td (Plan, ) Tj ET Q
q 0 0 0 rg BT 208.35 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 215.72 691.35 Td (�change ) Tj ET Q
q 0 0 0 rg BT 252.82 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 264.27 691.35 Td (control� ) Tj ET Q
q 0 0 0 rg BT 301.38 691.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 320.42 691.35 Td (occur ) Tj ET Q
q 0 0 0 rg BT 346.44 691.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 370.15 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 377.51 691.35 Td (change ) Tj ET Q
q 0 0 0 rg BT 409.95 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 420.82 691.35 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 435.77 691.35 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 482.22 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.68 691.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 517.96 691.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 549.24 691.35 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.56 678.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 104.63 678.75 Td (& ) Tj ET Q
q 0 0 0 rg BT 115.28 678.75 Td (Co., ) Tj ET Q
q 0 0 0 rg BT 135.26 678.75 Td (LLC ) Tj ET Q
q 0 0 0 rg BT 157.58 678.75 Td (\(�LM&Co.�\), ) Tj ET Q
q 0 0 0 rg BT 217.80 678.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 234.28 678.75 Td (administrative ) Tj ET Q
q 0 0 0 rg BT 296.83 678.75 Td (subsidiary) Tj ET Q
q 0 0 0 rg BT 339.32 678.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 344.43 678.75 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 359.15 678.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 367.12 678.75 Td (fective ) Tj ET Q
q 0 0 0 rg BT 398.17 678.75 Td (control ) Tj ET Q
q 0 0 0 rg BT 430.39 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 441.63 678.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 465.68 678.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 496.75 678.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 507.98 678.75 Td (LM&Co. ) Tj ET Q
q 0 0 0 rg BT 549.26 678.75 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 65.43 666.15 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 112.86 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.29 666.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 133.63 666.15 Td (substantial ) Tj ET Q
q 0 0 0 rg BT 182.23 666.15 Td (portion ) Tj ET Q
q 0 0 0 rg BT 216.25 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.68 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 245.20 666.15 Td (assets ) Tj ET Q
q 0 0 0 rg BT 273.38 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.81 666.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 311.07 666.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 343.34 666.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 355.77 666.15 Td (LM&Co. ) Tj ET Q
q 0 0 0 rg BT 398.25 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 401.94 666.15 Td (On ) Tj ET Q
q 0 0 0 rg BT 418.45 666.15 Td (February ) Tj ET Q
q 0 0 0 rg BT 460.04 666.15 Td (18, ) Tj ET Q
q 0 0 0 rg BT 476.85 666.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 504.16 666.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 529.42 666.15 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (announced ) Tj ET Q
q 0 0 0 rg BT 97.02 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 111.90 653.55 Td (execution ) Tj ET Q
q 0 0 0 rg BT 154.76 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.55 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.42 653.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 197.72 653.55 Td (ger ) Tj ET Q
q 0 0 0 rg BT 212.72 653.55 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 261.41 653.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 282.12 653.55 Td (Franklin, ) Tj ET Q
q 0 0 0 rg BT 322.37 653.55 Td (which ) Tj ET Q
q 0 0 0 rg BT 350.07 653.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 378.37 653.55 Td (result ) Tj ET Q
q 0 0 0 rg BT 403.74 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 413.95 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 420.65 653.55 Td (change ) Tj ET Q
q 0 0 0 rg BT 452.43 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 463.22 653.55 Td (control ) Tj ET Q
q 0 0 0 rg BT 495.00 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 505.79 653.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 529.41 653.55 Td (Mason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 73.13 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 88.58 640.95 Td (closing ) Tj ET Q
q 0 0 0 rg BT 121.54 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 132.91 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 148.36 640.95 Td (transaction.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.63 615.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 93.01 615.75 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 127.02 615.75 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 145.86 615.75 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 185.97 615.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 249.44 615.75 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 273.84 615.75 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 295.31 615.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 305.12 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 312.59 615.75 Td (non-qualified ) Tj ET Q
q 0 0 0 rg BT 371.96 615.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 409.74 615.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 470.86 615.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 491.75 615.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 510.30 615.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 520.11 615.75 Td (available ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (only ) Tj ET Q
q 0 0 0 rg BT 72.88 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 85.76 603.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 95.14 603.15 Td (select ) Tj ET Q
q 0 0 0 rg BT 123.76 603.15 Td (group ) Tj ET Q
q 0 0 0 rg BT 152.97 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 166.43 603.15 Td (employees, ) Tj ET Q
q 0 0 0 rg BT 218.67 603.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 263.05 603.15 Td (U.S.-based ) Tj ET Q
q 0 0 0 rg BT 313.84 603.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 346.55 603.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 391.49 603.15 Td (of) Tj ET Q
q 0 0 0 rg BT 400.05 603.15 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 430.71 603.15 Td (based ) Tj ET Q
q 0 0 0 rg BT 459.33 603.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 474.54 603.15 Td (responsibilities ) Tj ET Q
q 0 0 0 rg BT 542.84 603.15 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 109.76 590.55 Td (levels. ) Tj ET Q
q 0 0 0 rg BT 138.82 590.55 Td (Under ) Tj ET Q
q 0 0 0 rg BT 167.00 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.76 590.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 207.03 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 217.72 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 232.49 590.55 Td (plan, ) Tj ET Q
q 0 0 0 rg BT 255.13 590.55 Td (participants ) Tj ET Q
q 0 0 0 rg BT 306.05 590.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 326.07 590.55 Td (elect ) Tj ET Q
q 0 0 0 rg BT 347.83 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 357.93 590.55 Td (defer ) Tj ET Q
q 0 0 0 rg BT 381.44 590.55 Td (up ) Tj ET Q
q 0 0 0 rg BT 393.88 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 403.98 590.55 Td ($500,000 ) Tj ET Q
q 0 0 0 rg BT 445.30 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 455.41 590.55 Td (annual ) Tj ET Q
q 0 0 0 rg BT 485.33 590.55 Td (salary ) Tj ET Q
q 0 0 0 rg BT 512.35 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 529.45 590.55 Td (certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (bonuses ) Tj ET Q
q 0 0 0 rg BT 86.13 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 104.09 577.95 Td (commissions ) Tj ET Q
q 0 0 0 rg BT 161.72 577.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 175.02 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 182.48 577.95 Td (pre-tax ) Tj ET Q
q 0 0 0 rg BT 215.01 577.95 Td (basis. ) Tj ET Q
q 0 0 0 rg BT 240.81 577.95 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 282.11 577.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 319.88 577.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 346.59 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 362.21 577.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 383.09 577.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 398.70 577.95 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 434.15 577.95 Td (invested ) Tj ET Q
q 0 0 0 rg BT 471.94 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 482.90 577.95 Td (�phantom� ) Tj ET Q
q 0 0 0 rg BT 531.77 577.95 Td (shares ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.30 565.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 83.93 565.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 114.57 565.35 Td (sponsored ) Tj ET Q
q 0 0 0 rg BT 159.21 565.35 Td (mutual ) Tj ET Q
q 0 0 0 rg BT 190.43 565.35 Td (funds ) Tj ET Q
q 0 0 0 rg BT 215.82 565.35 Td (\(�Legg ) Tj ET Q
q 0 0 0 rg BT 247.61 565.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 278.25 565.35 Td (Funds�\). ) Tj ET Q
q 0 0 0 rg BT 316.76 565.35 Td (Earnings ) Tj ET Q
q 0 0 0 rg BT 356.14 565.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 371.02 565.35 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 405.71 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 416.51 565.35 Td (they ) Tj ET Q
q 0 0 0 rg BT 436.65 565.35 Td (would ) Tj ET Q
q 0 0 0 rg BT 464.96 565.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 476.92 565.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 485.39 565.35 Td (investing ) Tj ET Q
q 0 0 0 rg BT 525.95 565.35 Td (directly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 62.90 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 80.95 552.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 107.75 552.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 141.56 552.75 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 172.47 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 192.86 552.75 Td (include ) Tj ET Q
q 0 0 0 rg BT 228.99 552.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 263.37 552.75 Td (appreciation ) Tj ET Q
q 0 0 0 rg BT 320.49 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 340.88 552.75 Td (dividends. ) Tj ET Q
q 0 0 0 rg BT 388.41 552.75 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 432.14 552.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 472.34 552.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 501.47 552.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 520.70 552.75 Td (Deferred ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 113.08 540.15 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 137.58 540.15 Td (Plan, ) Tj ET Q
q 0 0 0 rg BT 161.78 540.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 204.36 540.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 222.43 540.15 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 260.91 540.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 274.33 540.15 Td (those ) Tj ET Q
q 0 0 0 rg BT 299.40 540.15 Td (contributions, ) Tj ET Q
q 0 0 0 rg BT 360.35 540.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 376.08 540.15 Td (fully ) Tj ET Q
q 0 0 0 rg BT 398.83 540.15 Td (vested ) Tj ET Q
q 0 0 0 rg BT 428.56 540.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 439.06 540.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 452.46 540.15 Td (times ) Tj ET Q
q 0 0 0 rg BT 478.12 540.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 496.20 540.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 511.93 540.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 528.26 540.15 Td (subject ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 61.24 527.55 Td (forfeiture. ) Tj ET Q
q 0 0 0 rg BT 107.09 527.55 Td (Participants ) Tj ET Q
q 0 0 0 rg BT 160.24 527.55 Td (must ) Tj ET Q
q 0 0 0 rg BT 184.24 527.55 Td (elect, ) Tj ET Q
q 0 0 0 rg BT 210.26 527.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 221.41 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 237.82 527.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 260.06 527.55 Td (they ) Tj ET Q
q 0 0 0 rg BT 281.71 527.55 Td (decide ) Tj ET Q
q 0 0 0 rg BT 312.69 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 324.44 527.55 Td (defer ) Tj ET Q
q 0 0 0 rg BT 349.58 527.55 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 414.10 527.55 Td (whether: ) Tj ET Q
q 0 0 0 rg BT 454.41 527.55 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 470.23 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 481.98 527.55 Td (take ) Tj ET Q
q 0 0 0 rg BT 503.04 527.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 516.53 527.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 528.28 527.55 Td (service ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 100.19 514.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 111.20 514.95 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 161.89 514.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 185.16 514.95 Td (termination; ) Tj ET Q
q 0 0 0 rg BT 238.75 514.95 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 253.26 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 263.69 514.95 Td (receive ) Tj ET Q
q 0 0 0 rg BT 296.27 514.95 Td (their ) Tj ET Q
q 0 0 0 rg BT 317.78 514.95 Td (future ) Tj ET Q
q 0 0 0 rg BT 345.12 514.95 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 399.89 514.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 422.57 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 437.67 514.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 458.01 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 468.45 514.95 Td (\(a\) ) Tj ET Q
q 0 0 0 rg BT 482.37 514.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 489.30 514.95 Td (single ) Tj ET Q
q 0 0 0 rg BT 516.65 514.95 Td (lump ) Tj ET Q
q 0 0 0 rg BT 540.50 514.95 Td (sum ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.86 502.35 Td (\(b\) ) Tj ET Q
q 0 0 0 rg BT 75.71 502.35 Td (three ) Tj ET Q
q 0 0 0 rg BT 99.31 502.35 Td (equal ) Tj ET Q
q 0 0 0 rg BT 124.66 502.35 Td (annual ) Tj ET Q
q 0 0 0 rg BT 155.26 502.35 Td (installments ) Tj ET Q
q 0 0 0 rg BT 208.62 502.35 Td (\(available ) Tj ET Q
q 0 0 0 rg BT 252.62 502.35 Td (only ) Tj ET Q
q 0 0 0 rg BT 273.90 502.35 Td (if ) Tj ET Q
q 0 0 0 rg BT 282.92 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 298.36 502.35 Td (total ) Tj ET Q
q 0 0 0 rg BT 319.64 502.35 Td (account ) Tj ET Q
q 0 0 0 rg BT 354.90 502.35 Td (balance ) Tj ET Q
q 0 0 0 rg BT 389.57 502.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 399.18 502.35 Td (greater ) Tj ET Q
q 0 0 0 rg BT 430.93 502.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 451.62 502.35 Td ($17,500\); ) Tj ET Q
q 0 0 0 rg BT 494.77 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 512.54 502.35 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 527.40 502.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 538.18 502.35 Td (have ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.52 489.75 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 121.21 489.75 Td (begin ) Tj ET Q
q 0 0 0 rg BT 147.73 489.75 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 203.41 489.75 Td (after ) Tj ET Q
q 0 0 0 rg BT 225.83 489.75 Td (termination ) Tj ET Q
q 0 0 0 rg BT 277.42 489.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 289.36 489.75 Td (one ) Tj ET Q
q 0 0 0 rg BT 307.71 489.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 328.96 489.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 352.56 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 368.58 489.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 389.26 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 401.19 489.75 Td (termination. ) Tj ET Q
q 0 0 0 rg BT 455.41 489.75 Td (Participants ) Tj ET Q
q 0 0 0 rg BT 508.18 489.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 527.70 489.75 Td (receive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 104.34 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 114.83 477.15 Td (cash, ) Tj ET Q
q 0 0 0 rg BT 138.44 477.15 Td (except ) Tj ET Q
q 0 0 0 rg BT 168.17 477.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 182.75 477.15 Td (in-service ) Tj ET Q
q 0 0 0 rg BT 226.47 477.15 Td (elections, ) Tj ET Q
q 0 0 0 rg BT 268.75 477.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 296.74 477.15 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 351.57 477.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 371.98 477.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 384.22 477.15 Td (made, ) Tj ET Q
q 0 0 0 rg BT 411.91 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 422.41 477.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 446.31 477.15 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 477.81 477.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 484.23 477.15 Td (sole ) Tj ET Q
q 0 0 0 rg BT 503.47 477.15 Td (discretion, ) Tj ET Q
q 0 0 0 rg BT 549.83 477.15 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 77.71 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 88.44 464.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 111.98 464.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 142.54 464.55 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 170.19 464.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 180.91 464.55 Td (cash. ) Tj ET Q
q 0 0 0 rg BT 204.17 464.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 214.89 464.55 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 253.90 464.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 277.45 464.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 308.01 464.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 326.32 464.55 Td (distribute ) Tj ET Q
q 0 0 0 rg BT 367.96 464.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 402.58 464.55 Td (balances ) Tj ET Q
q 0 0 0 rg BT 440.70 464.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 450.84 464.55 Td (participants ) Tj ET Q
q 0 0 0 rg BT 501.80 464.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 511.94 464.55 Td (connection ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 70.69 451.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 77.86 451.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 110.11 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 121.38 451.95 Td (control ) Tj ET Q
q 0 0 0 rg BT 153.64 451.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 162.57 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 177.91 451.95 Td (plan ) Tj ET Q
q 0 0 0 rg BT 198.51 451.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 216.19 451.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 229.20 451.95 Td (substantially ) Tj ET Q
q 0 0 0 rg BT 284.80 451.95 Td (similar ) Tj ET Q
q 0 0 0 rg BT 316.48 451.95 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 366.81 451.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 382.15 451.95 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 429.56 451.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 450.75 451.95 Td (respect ) Tj ET Q
q 0 0 0 rg BT 483.00 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 493.68 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.03 451.95 Td (participants ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (af) Tj ET Q
q 0 0 0 rg BT 57.47 439.35 Td (fected ) Tj ET Q
q 0 0 0 rg BT 85.46 439.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 98.30 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 113.47 439.35 Td (change ) Tj ET Q
q 0 0 0 rg BT 145.55 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.64 439.35 Td (control. ) Tj ET Q
q 0 0 0 rg BT 191.35 439.35 Td (For ) Tj ET Q
q 0 0 0 rg BT 208.28 439.35 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 247.95 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 259.04 439.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 275.38 439.35 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 315.03 439.35 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 378.03 439.35 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 401.97 439.35 Td (Plan, ) Tj ET Q
q 0 0 0 rg BT 425.60 439.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 432.61 439.35 Td (�change ) Tj ET Q
q 0 0 0 rg BT 469.34 439.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 479.85 439.35 Td (control ) Tj ET Q
q 0 0 0 rg BT 511.94 439.35 Td (event� ) Tj ET Q
q 0 0 0 rg BT 541.68 439.35 Td (will ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (occur ) Tj ET Q
q 0 0 0 rg BT 75.82 426.75 Td (upon ) Tj ET Q
q 0 0 0 rg BT 99.82 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 107.48 426.75 Td (change ) Tj ET Q
q 0 0 0 rg BT 140.21 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 151.38 426.75 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 166.62 426.75 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 213.36 426.75 Td (within ) Tj ET Q
q 0 0 0 rg BT 243.20 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 259.02 426.75 Td (meaning ) Tj ET Q
q 0 0 0 rg BT 298.18 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 309.93 426.75 Td (�1.409A-3\(i\)\(5\)\(v\) ) Tj ET Q
q 0 0 0 rg BT 392.53 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 404.27 426.75 Td (regulations ) Tj ET Q
q 0 0 0 rg BT 453.93 426.75 Td (promulgated ) Tj ET Q
q 0 0 0 rg BT 510.00 426.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 523.50 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 539.33 426.75 Td (U.S. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (Department ) Tj ET Q
q 0 0 0 rg BT 102.90 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 115.47 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 131.86 414.15 Td (T) Tj ET Q
q 0 0 0 rg BT 137.90 414.15 Td (reasury) Tj ET Q
q 0 0 0 rg BT 168.12 414.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 174.58 414.15 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 190.65 414.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 198.62 414.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 231.01 414.15 Td (control ) Tj ET Q
q 0 0 0 rg BT 264.59 414.15 Td (within ) Tj ET Q
q 0 0 0 rg BT 295.25 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 311.91 414.15 Td (meaning ) Tj ET Q
q 0 0 0 rg BT 351.90 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 364.48 414.15 Td (�1.409A-3\(i\)\(5\)\(vi\) ) Tj ET Q
q 0 0 0 rg BT 450.83 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 463.40 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 480.06 414.15 Td (regulations, ) Tj ET Q
q 0 0 0 rg BT 533.18 414.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 545.75 414.15 Td (\(3\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 95.29 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.09 401.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 132.63 401.55 Td (within ) Tj ET Q
q 0 0 0 rg BT 161.52 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.39 401.55 Td (meaning ) Tj ET Q
q 0 0 0 rg BT 214.60 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.39 401.55 Td (�1.409A-3\(i\)\(5\)\(vii\) ) Tj ET Q
q 0 0 0 rg BT 312.88 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.67 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 338.55 401.55 Td (regulations. ) Tj ET Q
q 0 0 0 rg BT 389.43 401.55 Td (As ) Tj ET Q
q 0 0 0 rg BT 403.15 401.55 Td (noted ) Tj ET Q
q 0 0 0 rg BT 428.52 401.55 Td (above, ) Tj ET Q
q 0 0 0 rg BT 458.27 401.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 481.89 401.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 512.52 401.55 Td (announced ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.86 388.95 Td (execution ) Tj ET Q
q 0 0 0 rg BT 108.20 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 119.48 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.83 388.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 152.14 388.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 167.52 388.95 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 216.69 388.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 237.89 388.95 Td (Franklin, ) Tj ET Q
q 0 0 0 rg BT 278.63 388.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 306.82 388.95 Td (would ) Tj ET Q
q 0 0 0 rg BT 335.59 388.95 Td (result ) Tj ET Q
q 0 0 0 rg BT 361.45 388.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 372.15 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 379.34 388.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 411.60 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 422.87 388.95 Td (control ) Tj ET Q
q 0 0 0 rg BT 455.15 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 466.42 388.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 490.52 388.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 521.64 388.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 545.17 388.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (closing ) Tj ET Q
q 0 0 0 rg BT 82.46 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.83 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 109.28 376.35 Td (transaction.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (Through ) Tj ET Q
q 0 0 0 rg BT 89.00 351.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 115.09 351.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 136.50 351.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 163.46 351.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 207.03 351.15 Td (of) Tj ET Q
q 0 0 0 rg BT 215.59 351.15 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 242.25 351.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 266.00 351.15 Td (able ) Tj ET Q
q 0 0 0 rg BT 286.83 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 298.34 351.15 Td (make ) Tj ET Q
q 0 0 0 rg BT 324.42 351.15 Td (elections ) Tj ET Q
q 0 0 0 rg BT 365.08 351.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 376.59 351.15 Td (defer ) Tj ET Q
q 0 0 0 rg BT 401.50 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.67 351.15 Td (receipt ) Tj ET Q
q 0 0 0 rg BT 449.58 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 461.67 351.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 491.25 351.15 Td (upon ) Tj ET Q
q 0 0 0 rg BT 515.59 351.15 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 549.27 351.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 91.31 338.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 116.22 338.55 Td (unit ) Tj ET Q
q 0 0 0 rg BT 135.30 338.55 Td (awards ) Tj ET Q
q 0 0 0 rg BT 167.78 338.55 Td (granted ) Tj ET Q
q 0 0 0 rg BT 202.01 338.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 228.67 338.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 252.99 338.55 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 284.49 338.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 291.32 338.55 Td (1996 ) Tj ET Q
q 0 0 0 rg BT 315.07 338.55 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 345.81 338.55 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 387.62 338.55 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 409.03 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 426.94 338.55 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 450.69 338.55 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 481.43 338.55 Td (Incentive ) Tj ET Q
q 0 0 0 rg BT 523.24 338.55 Td (Plan. ) Tj ET Q
q 0 0 0 rg BT 547.08 338.55 Td (T) Tj ET Q
q 0 0 0 rg BT 552.76 338.55 Td (o ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 62.80 325.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 70.77 325.95 Td (fective, ) Tj ET Q
q 0 0 0 rg BT 105.35 325.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 148.97 325.95 Td (of) Tj ET Q
q 0 0 0 rg BT 157.53 325.95 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 184.24 325.95 Td (had ) Tj ET Q
q 0 0 0 rg BT 202.79 325.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 214.35 325.95 Td (make ) Tj ET Q
q 0 0 0 rg BT 240.48 325.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 248.54 325.95 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 284.57 325.95 Td (election ) Tj ET Q
q 0 0 0 rg BT 321.20 325.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 335.09 325.95 Td (September ) Tj ET Q
q 0 0 0 rg BT 383.39 325.95 Td (30 ) Tj ET Q
q 0 0 0 rg BT 397.28 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 409.42 325.95 Td (each ) Tj ET Q
q 0 0 0 rg BT 432.04 325.95 Td (calendar ) Tj ET Q
q 0 0 0 rg BT 470.99 325.95 Td (year) Tj ET Q
q 0 0 0 rg BT 488.64 325.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 494.66 325.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 516.72 325.95 Td (respect ) Tj ET Q
q 0 0 0 rg BT 549.84 325.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 91.12 313.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 115.84 313.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 138.82 313.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 157.12 313.35 Td (qualify ) Tj ET Q
q 0 0 0 rg BT 189.42 313.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 200.72 313.35 Td (performance-based ) Tj ET Q
q 0 0 0 rg BT 283.73 313.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 344.60 313.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 371.07 313.35 Td (Section ) Tj ET Q
q 0 0 0 rg BT 405.12 313.35 Td (409A) Tj ET Q
q 0 0 0 rg BT 427.87 313.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 430.43 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 441.73 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 457.11 313.35 Td (Code, ) Tj ET Q
q 0 0 0 rg BT 484.46 313.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 499.26 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.64 313.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 539.94 313.35 Td (year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (ending ) Tj ET Q
q 0 0 0 rg BT 80.85 300.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 94.13 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 109.73 300.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 153.33 300.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 183.51 300.75 Td (31. ) Tj ET Q
q 0 0 0 rg BT 198.80 300.75 Td (A) Tj ET Q
q 0 0 0 rg BT 205.80 300.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 208.58 300.75 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 243.99 300.75 Td (election ) Tj ET Q
q 0 0 0 rg BT 280.00 300.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 289.78 300.75 Td (irrevocable ) Tj ET Q
q 0 0 0 rg BT 339.77 300.75 Td (once ) Tj ET Q
q 0 0 0 rg BT 362.37 300.75 Td (made, ) Tj ET Q
q 0 0 0 rg BT 390.50 300.75 Td (except ) Tj ET Q
q 0 0 0 rg BT 420.68 300.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 432.20 300.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 453.05 300.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 465.73 300.75 Td (described ) Tj ET Q
q 0 0 0 rg BT 508.74 300.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 519.68 300.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 532.37 300.75 Td (award ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (agreement. ) Tj ET Q
q 0 0 0 rg BT 98.22 288.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 109.34 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 124.54 288.15 Td (event ) Tj ET Q
q 0 0 0 rg BT 149.65 288.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 161.94 288.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 204.54 288.15 Td (of) Tj ET Q
q 0 0 0 rg BT 213.09 288.15 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 234.70 288.15 Td (made ) Tj ET Q
q 0 0 0 rg BT 259.81 288.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 266.84 288.15 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 301.85 288.15 Td (election ) Tj ET Q
q 0 0 0 rg BT 337.46 288.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 358.50 288.15 Td (respect ) Tj ET Q
q 0 0 0 rg BT 390.61 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 401.15 288.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 418.68 288.15 Td (portion ) Tj ET Q
q 0 0 0 rg BT 451.38 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 462.50 288.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 474.79 288.15 Td (award, ) Tj ET Q
q 0 0 0 rg BT 505.43 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 520.64 288.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 549.25 288.15 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (common ) Tj ET Q
q 0 0 0 rg BT 88.92 275.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 113.76 275.55 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 161.92 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 177.43 275.55 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 215.07 275.55 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 256.81 275.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 281.65 275.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 304.74 275.55 Td (would ) Tj ET Q
q 0 0 0 rg BT 333.67 275.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 349.76 275.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 362.34 275.55 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 409.93 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 420.77 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 436.27 275.55 Td (recipient ) Tj ET Q
q 0 0 0 rg BT 475.68 275.55 Td (until ) Tj ET Q
q 0 0 0 rg BT 497.60 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.11 275.55 Td (designated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (deferral ) Tj ET Q
q 0 0 0 rg BT 84.46 262.95 Td (date; ) Tj ET Q
q 0 0 0 rg BT 107.20 262.95 Td (provided, ) Tj ET Q
q 0 0 0 rg BT 149.47 262.95 Td (however) Tj ET Q
q 0 0 0 rg BT 185.20 262.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 190.15 262.95 Td (that, ) Tj ET Q
q 0 0 0 rg BT 210.85 262.95 Td (unless ) Tj ET Q
q 0 0 0 rg BT 239.42 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.58 262.95 Td (award ) Tj ET Q
q 0 0 0 rg BT 282.55 262.95 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 328.60 262.95 Td (provides ) Tj ET Q
q 0 0 0 rg BT 367.09 262.95 Td (otherwise, ) Tj ET Q
q 0 0 0 rg BT 412.86 262.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 425.68 262.95 Td (deferrals ) Tj ET Q
q 0 0 0 rg BT 464.73 262.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 483.39 262.95 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 525.37 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 542.85 262.95 Td (any ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 78.50 250.35 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 126.76 250.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 144.68 250.35 Td (vested, ) Tj ET Q
q 0 0 0 rg BT 176.89 250.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 214.63 250.35 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 256.45 250.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 281.38 250.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 304.56 250.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 323.66 250.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 336.33 250.35 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 384.01 250.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 407.77 250.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 415.19 250.35 Td (separation ) Tj ET Q
q 0 0 0 rg BT 461.11 250.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 484.28 250.35 Td (service ) Tj ET Q
q 0 0 0 rg BT 516.77 250.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 528.28 250.35 Td (change ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 61.13 237.75 Td (control ) Tj ET Q
q 0 0 0 rg BT 94.33 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.54 237.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 131.57 237.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 163.62 237.75 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 179.32 237.75 Td (defined ) Tj ET Q
q 0 0 0 rg BT 214.27 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 225.90 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 242.19 237.75 Td (award ) Tj ET Q
q 0 0 0 rg BT 271.30 237.75 Td (agreement\). ) Tj ET Q
q 0 0 0 rg BT 324.61 237.75 Td (Dividends ) Tj ET Q
q 0 0 0 rg BT 371.23 237.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 387.51 237.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 409.05 237.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 420.68 237.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 442.80 237.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 453.84 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.13 237.75 Td (same ) Tj ET Q
q 0 0 0 rg BT 495.16 237.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 514.36 237.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 535.90 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 547.52 237.75 Td (all ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (shareholders.) Tj ET Q
endstream
endobj
357 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 358 0 R>>
endobj
358 0 obj
<</Length 51329>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (176) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.75 741.75 Td (following ) Tj ET Q
q 0 0 0 rg BT 110.51 741.75 Td (table ) Tj ET Q
q 0 0 0 rg BT 132.85 741.75 Td (provides ) Tj ET Q
q 0 0 0 rg BT 170.94 741.75 Td (information ) Tj ET Q
q 0 0 0 rg BT 222.44 741.75 Td (about ) Tj ET Q
q 0 0 0 rg BT 247.69 741.75 Td (non-qualified ) Tj ET Q
q 0 0 0 rg BT 306.19 741.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 343.09 741.75 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 403.33 741.75 Td (plan ) Tj ET Q
q 0 0 0 rg BT 423.34 741.75 Td (transactions ) Tj ET Q
q 0 0 0 rg BT 475.42 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 492.51 741.75 Td (balances ) Tj ET Q
q 0 0 0 rg BT 530.58 741.75 Td (during ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 74.86 729.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 95.56 729.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 119.18 729.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 132.31 729.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 148.93 729.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 179.54 729.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 222.40 729.15 Td (of) Tj ET Q
q 0 0 0 rg BT 230.95 729.15 Td (ficers.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 656.65 m
149.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
149.75 656.65 m
299.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
299.75 656.65 m
370.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370.75 656.65 m
441.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
441.75 656.65 m
497.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.75 656.65 m
557.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 656.65 m
149.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
149.75 656.65 m
299.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
299.75 656.65 m
370.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370.75 656.65 m
441.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
441.75 656.65 m
497.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.75 656.65 m
557.75 656.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 611.65 m
149.75 611.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
149.75 611.65 m
299.75 611.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
299.75 611.65 m
370.75 611.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370.75 611.65 m
441.75 611.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
441.75 611.65 m
497.75 611.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.75 611.65 m
557.75 611.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 596.65 m
149.75 596.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
149.75 596.65 m
299.75 596.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
299.75 596.65 m
370.75 596.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370.75 596.65 m
441.75 596.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
441.75 596.65 m
497.75 596.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.75 596.65 m
557.75 596.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 566.65 m
149.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
149.75 566.65 m
299.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
299.75 566.65 m
370.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370.75 566.65 m
441.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
441.75 566.65 m
497.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.75 566.65 m
557.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 566.65 m
149.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
149.75 566.65 m
299.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
299.75 566.65 m
370.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370.75 566.65 m
441.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
441.75 566.65 m
497.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.75 566.65 m
557.75 566.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 521.65 m
149.75 521.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
149.75 521.65 m
299.75 521.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
299.75 521.65 m
370.75 521.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370.75 521.65 m
441.75 521.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
441.75 521.65 m
497.75 521.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.75 521.65 m
557.75 521.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
149.75 491.65 m
299.75 491.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
299.75 491.65 m
370.75 491.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370.75 491.65 m
441.75 491.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
441.75 491.65 m
497.75 491.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.75 491.65 m
557.75 491.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 491.65 m
149.75 491.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 476.65 m
149.75 476.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
149.75 476.65 m
299.75 476.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
299.75 476.65 m
370.75 476.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
370.75 476.65 m
441.75 476.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
441.75 476.65 m
497.75 476.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
497.75 476.65 m
557.75 476.65 l
s
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 51.25 661.33 Td (Name) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 152.25 661.33 Td (Plan) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 313.90 702.93 Td (Executive) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 304.70 689.23 Td (Contributions) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 312.15 675.53 Td (in Last FY) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 323.85 661.83 Td ( \($\)) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 338.01 666.36 Td (\(1\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 384.90 702.38 Td (Company ) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 375.70 692.38 Td (Contributions) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 383.15 682.38 Td (in Last FY) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 394.85 662.38 Td ( \($\)) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 409.01 666.91 Td (\(2\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 447.40 702.38 Td (Aggr) Tj ET Q
q 0 0 0 rg BT 468.88 702.38 Td (egate) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 449.75 692.38 Td (Earnings) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 446.65 682.38 Td (in Last FY) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 458.35 662.38 Td ( \($\)) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 472.51 666.91 Td (\(3\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 505.40 702.38 Td (Aggr) Tj ET Q
q 0 0 0 rg BT 526.88 702.38 Td (egate) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 504.85 692.38 Td (Balance at ) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 506.55 682.38 Td (Last FYE) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 527.25 672.38 Td ( ) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 517.60 662.38 Td (\($\)) Tj ET Q
BT /F2 10.00 Tf ET
BT /F2 6.50 Tf ET
q 0 0 0 rg BT 529.26 666.91 Td (\(4\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.25 646.32 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 80.70 646.32 Td (A. Sullivan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 646.32 Td (Phantom Stock Plan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 329.75 646.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 398.25 646.32 Td (31) Tj ET Q
q 0 0 0 rg BT 408.25 646.32 Td (1) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 455.50 646.32 Td (89,049) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 511.00 646.32 Td (192,699) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 631.32 Td (Deferred Compensation Fund Plan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 318.50 631.32 Td (500,000) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 400.75 631.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.65 631.32 Td (\(355,814\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 507.25 631.32 Td (2,020,693) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 616.32 Td (Deferred Restricted Stock Units) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 314.75 616.32 Td (1,719,375) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 400.75 616.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 449.25 616.32 Td (3,185,401) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 507.25 616.32 Td (7,429,059) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.25 601.32 Td (Peter H. Nachtwey) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 601.32 Td (Deferred Restricted Stock Units) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 329.75 601.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 400.75 601.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 453.00 601.32 Td (335,884) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 511.00 601.32 Td (712,770) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.25 586.32 Td (Patricia Lattin) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 586.32 Td (Phantom Stock Plan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 329.75 586.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 403.25 586.32 Td (6) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 458.00 586.32 Td (1,686) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 516.00 586.32 Td (3,648) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 571.32 Td (Deferred Compensation Fund Plan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 321.00 571.32 Td (13,417) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 400.75 571.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 454.65 571.32 Td (\(3,632\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.50 571.32 Td (73,355) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.25 556.32 Td (Thomas C. Merchant) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 556.32 Td (Phantom Stock Plan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 329.75 556.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 398.25 556.32 Td (123) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 455.50 556.32 Td (35,163) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.50 556.32 Td (76,092) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 541.32 Td (Deferred Compensation Fund Plan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 318.50 541.32 Td (1) Tj ET Q
q 0 0 0 rg BT 323.50 541.32 Td (19,292) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 400.75 541.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 452.15 541.32 Td (\(93,382\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 511.00 541.32 Td (588,338) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 526.32 Td (Deferred Restricted Stock Units) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 318.50 526.32 Td (152,818) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 400.75 526.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 453.00 526.32 Td (256,121) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 511.00 526.32 Td (603,004) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.25 511.32 Td (Frances L. Cashman ) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 6.50 Tf ET
q 0 0 0 rg BT 135.67 515.85 Td (\(5\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 143.25 511.32 Td ( ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 512.22 Td (Phantom Stock Plan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 329.75 512.22 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 398.25 512.22 Td (122) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 455.50 512.22 Td (35,045) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 513.50 512.22 Td (75,836) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 496.32 Td (Deferred Compensation Fund Plan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 329.75 496.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 400.75 496.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 452.15 496.32 Td (\(28,760\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 511.00 496.32 Td (171,068) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 51.25 481.32 Td (Thomas K. Hoops ) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 6.50 Tf ET
q 0 0 0 rg BT 126.80 485.85 Td (\(5\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 152.25 481.32 Td (Deferred Compensation Fund Plan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 318.50 481.32 Td (298,750) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 400.75 481.32 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 452.15 481.32 Td (\(90,186\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 507.25 481.32 Td (1,589,414) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 465.15 Td (\(1\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 465.15 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 465.15 Td (Executive ) Tj ET Q
q 0 0 0 rg BT 101.82 465.15 Td (of) Tj ET Q
q 0 0 0 rg BT 108.34 465.15 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 125.34 465.15 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 169.89 465.15 Td (include ) Tj ET Q
q 0 0 0 rg BT 195.78 465.15 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 225.23 465.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 254.21 465.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 274.77 465.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.88 465.15 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 317.64 465.15 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 366.20 465.15 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 384.99 465.15 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 401.55 465.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 415.45 465.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 427.56 465.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 447.22 465.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 456.23 465.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 478.56 465.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 507.54 465.15 Td (upon ) Tj ET Q
q 0 0 0 rg BT 525.88 465.15 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 551.33 465.15 Td (of ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 455.55 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 99.15 455.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 117.93 455.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 135.38 455.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 158.15 455.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 177.37 455.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 193.02 455.55 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 212.77 455.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 227.10 455.55 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 257.41 455.55 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 305.52 455.55 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 323.86 455.55 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 339.97 455.55 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 368.97 455.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 380.63 455.55 Td (included ) Tj ET Q
q 0 0 0 rg BT 410.06 455.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 418.18 455.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 429.84 455.55 Td (Summary ) Tj ET Q
q 0 0 0 rg BT 462.84 455.55 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 510.81 455.55 Td (T) Tj ET Q
q 0 0 0 rg BT 515.14 455.55 Td (able ) Tj ET Q
q 0 0 0 rg BT 530.35 455.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 538.91 455.55 Td (salary ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 445.95 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 89.77 445.95 Td (bonus. ) Tj ET Q
q 0 0 0 rg BT 112.59 445.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 126.86 445.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 155.34 445.95 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 186.94 445.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 205.66 445.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 223.06 445.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 234.66 445.95 Td (included ) Tj ET Q
q 0 0 0 rg BT 264.04 445.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 272.10 445.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 283.71 445.95 Td (Summary ) Tj ET Q
q 0 0 0 rg BT 316.66 445.95 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 364.58 445.95 Td (T) Tj ET Q
q 0 0 0 rg BT 368.91 445.95 Td (able ) Tj ET Q
q 0 0 0 rg BT 384.07 445.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 392.57 445.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 411.29 445.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 435.78 445.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 443.84 445.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 455.45 445.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 471.05 445.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 484.88 445.95 Td (they ) Tj ET Q
q 0 0 0 rg BT 500.49 445.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 517.87 445.95 Td (granted. ) Tj ET Q
q 0 0 0 rg BT 545.56 445.95 Td (The ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 436.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 89.05 436.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 117.25 436.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 134.80 436.35 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 159.46 436.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.68 436.35 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 199.00 436.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 217.44 436.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 234.55 436.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 245.88 436.35 Td (valued ) Tj ET Q
q 0 0 0 rg BT 268.75 436.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 286.31 436.35 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 310.97 436.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 320.53 436.35 Td (multiplying ) Tj ET Q
q 0 0 0 rg BT 359.42 436.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 370.75 436.35 Td (fair ) Tj ET Q
q 0 0 0 rg BT 383.40 436.35 Td (market ) Tj ET Q
q 0 0 0 rg BT 407.17 436.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 426.05 436.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 434.27 436.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 439.37 436.35 Td (share ) Tj ET Q
q 0 0 0 rg BT 457.80 436.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 466.02 436.35 Td (common ) Tj ET Q
q 0 0 0 rg BT 495.57 436.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 514.02 436.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 523.57 436.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.90 436.35 Td (vesting ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 426.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 82.91 426.75 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 97.44 426.75 Td (average ) Tj ET Q
q 0 0 0 rg BT 124.39 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.14 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.01 426.75 Td (high ) Tj ET Q
q 0 0 0 rg BT 161.32 426.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 174.96 426.75 Td (low ) Tj ET Q
q 0 0 0 rg BT 189.04 426.75 Td (trading ) Tj ET Q
q 0 0 0 rg BT 213.79 426.75 Td (prices ) Tj ET Q
q 0 0 0 rg BT 234.98 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 243.73 426.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 262.26 426.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 286.12 426.75 Td (common ) Tj ET Q
q 0 0 0 rg BT 316.21 426.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 335.18 426.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 345.27 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.13 426.75 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 382.33 426.75 Td (date\) ) Tj ET Q
q 0 0 0 rg BT 400.40 426.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 410.49 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 422.35 426.75 Td (number ) Tj ET Q
q 0 0 0 rg BT 448.88 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 457.63 426.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 479.71 426.75 Td (deferred. ) Tj ET Q
q 0 0 0 rg BT 510.29 426.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 524.82 426.75 Td (number ) Tj ET Q
q 0 0 0 rg BT 551.34 426.75 Td (of ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 417.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 89.46 417.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 118.08 417.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 126.28 417.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 145.57 417.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 161.31 417.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 179.29 417.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 190.59 417.15 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 217.23 417.15 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 245.87 417.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 259.39 417.15 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 292.02 417.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 303.75 417.15 Td (53,094 ) Tj ET Q
q 0 0 0 rg BT 327.73 417.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 341.25 417.15 Td (4,720 ) Tj ET Q
q 0 0 0 rg BT 361.22 417.15 Td (respectively) Tj ET Q
q 0 0 0 rg BT 399.35 417.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 403.18 417.15 Td (These ) Tj ET Q
q 0 0 0 rg BT 424.26 417.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 452.87 417.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 474.84 417.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 486.58 417.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 492.10 417.15 Td (portion ) Tj ET Q
q 0 0 0 rg BT 517.18 417.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 525.82 417.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 537.56 417.15 Td (vested ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 407.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 89.61 407.55 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 119.71 407.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 128.06 407.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 139.95 407.55 Td (Option ) Tj ET Q
q 0 0 0 rg BT 164.30 407.55 Td (Exercises ) Tj ET Q
q 0 0 0 rg BT 197.07 407.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 210.75 407.55 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 230.94 407.55 Td (V) Tj ET Q
q 0 0 0 rg BT 235.83 407.55 Td (ested ) Tj ET Q
q 0 0 0 rg BT 254.23 407.55 Td (T) Tj ET Q
q 0 0 0 rg BT 258.56 407.55 Td (able. ) Tj ET Q
q 0 0 0 rg BT 276.01 407.55 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 292.36 407.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 312.69 407.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 345.46 407.55 Td (of) Tj ET Q
q 0 0 0 rg BT 351.98 407.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 371.87 407.55 Td (who ) Tj ET Q
q 0 0 0 rg BT 387.77 407.55 Td (elected ) Tj ET Q
q 0 0 0 rg BT 412.54 407.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 420.89 407.55 Td (defer ) Tj ET Q
q 0 0 0 rg BT 439.44 407.55 Td (receipt ) Tj ET Q
q 0 0 0 rg BT 463.32 407.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 472.11 407.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 494.22 407.55 Td (had ) Tj ET Q
q 0 0 0 rg BT 507.89 407.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 530.01 407.55 Td (withheld ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 397.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 75.58 397.95 Td (pay ) Tj ET Q
q 0 0 0 rg BT 88.98 397.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 100.16 397.95 Td (Medicare ) Tj ET Q
q 0 0 0 rg BT 132.22 397.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 145.62 397.95 Td (Social ) Tj ET Q
q 0 0 0 rg BT 167.47 397.95 Td (Security ) Tj ET Q
q 0 0 0 rg BT 195.99 397.95 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 214.28 397.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 227.68 397.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 245.54 397.95 Td (vesting. ) Tj ET Q
q 0 0 0 rg BT 272.36 397.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 286.66 397.95 Td (number ) Tj ET Q
q 0 0 0 rg BT 312.95 397.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 321.46 397.95 Td (shares ) Tj ET Q
q 0 0 0 rg BT 343.31 397.95 Td (withheld ) Tj ET Q
q 0 0 0 rg BT 373.16 397.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 384.34 397.95 Td (these ) Tj ET Q
q 0 0 0 rg BT 402.63 397.95 Td (tax ) Tj ET Q
q 0 0 0 rg BT 414.26 397.95 Td (payments ) Tj ET Q
q 0 0 0 rg BT 446.77 397.95 Td (during ) Tj ET Q
q 0 0 0 rg BT 469.51 397.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 488.69 397.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 504.31 397.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 522.16 397.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 533.34 397.95 Td (Messrs. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 388.35 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 96.44 388.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 110.26 388.35 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 143.19 388.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 155.22 388.35 Td (1,800 ) Tj ET Q
q 0 0 0 rg BT 175.49 388.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 189.32 388.35 Td (161 ) Tj ET Q
q 0 0 0 rg BT 203.59 388.35 Td (respectively) Tj ET Q
q 0 0 0 rg BT 241.72 388.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 245.82 388.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 260.53 388.35 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 289.91 388.35 Td (shown ) Tj ET Q
q 0 0 0 rg BT 313.08 388.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 321.57 388.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 333.62 388.35 Td (table ) Tj ET Q
q 0 0 0 rg BT 351.43 388.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 363.03 388.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 391.95 388.35 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 423.98 388.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 443.14 388.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 460.97 388.35 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 483.67 388.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 495.71 388.35 Td (number ) Tj ET Q
q 0 0 0 rg BT 522.42 388.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 531.36 388.35 Td (deferred ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 378.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 89.49 378.75 Td (minus ) Tj ET Q
q 0 0 0 rg BT 111.05 378.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.82 378.75 Td (number ) Tj ET Q
q 0 0 0 rg BT 149.26 378.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 157.93 378.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 179.92 378.75 Td (withheld ) Tj ET Q
q 0 0 0 rg BT 209.91 378.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 221.24 378.75 Td (tax ) Tj ET Q
q 0 0 0 rg BT 233.02 378.75 Td (payment.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 366.75 Td (\(2\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 366.75 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 366.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 85.82 366.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 109.49 366.75 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 153.59 366.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 165.24 366.75 Td (included ) Tj ET Q
q 0 0 0 rg BT 194.67 366.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 202.78 366.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 214.03 366.75 Td (All ) Tj ET Q
q 0 0 0 rg BT 226.13 366.75 Td (Other ) Tj ET Q
q 0 0 0 rg BT 246.24 366.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 294.34 366.75 Td (column ) Tj ET Q
q 0 0 0 rg BT 320.22 366.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 328.77 366.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.43 366.75 Td (Summary ) Tj ET Q
q 0 0 0 rg BT 373.43 366.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 421.39 366.75 Td (T) Tj ET Q
q 0 0 0 rg BT 425.72 366.75 Td (able ) Tj ET Q
q 0 0 0 rg BT 440.93 366.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 454.37 366.75 Td (consist ) Tj ET Q
q 0 0 0 rg BT 478.48 366.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 487.03 366.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 498.69 366.75 Td (contribution ) Tj ET Q
q 0 0 0 rg BT 539.68 366.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.23 366.75 Td (the ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 357.15 Td (5% ) Tj ET Q
q 0 0 0 rg BT 80.16 357.15 Td (discount ) Tj ET Q
q 0 0 0 rg BT 109.27 357.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 117.50 357.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.27 357.15 Td (market ) Tj ET Q
q 0 0 0 rg BT 153.48 357.15 Td (price ) Tj ET Q
q 0 0 0 rg BT 171.47 357.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.13 357.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 185.68 357.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 204.56 357.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 213.23 357.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 243.22 357.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 262.11 357.15 Td (upon ) Tj ET Q
q 0 0 0 rg BT 280.11 357.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 291.88 357.15 Td (crediting ) Tj ET Q
q 0 0 0 rg BT 322.32 357.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 330.98 357.15 Td (dividends ) Tj ET Q
q 0 0 0 rg BT 364.09 357.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 372.31 357.15 Td (phantom ) Tj ET Q
q 0 0 0 rg BT 402.31 357.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 421.20 357.15 Td (during ) Tj ET Q
q 0 0 0 rg BT 444.08 357.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 455.86 357.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 475.18 357.15 Td (year) Tj ET Q
q 0 0 0 rg BT 488.50 357.15 Td (.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 345.15 Td (\(3\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 345.15 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 345.15 Td (Aggregate ) Tj ET Q
q 0 0 0 rg BT 102.43 345.15 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 131.14 345.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 142.51 345.15 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 176.54 345.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 186.15 345.15 Td (subtracting ) Tj ET Q
q 0 0 0 rg BT 223.31 345.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.69 345.15 Td (value ) Tj ET Q
q 0 0 0 rg BT 253.63 345.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 261.90 345.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 273.28 345.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 296.21 345.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 328.47 345.15 Td (of) Tj ET Q
q 0 0 0 rg BT 334.99 345.15 Td (ficer) Tj ET Q
q 0 0 0 rg BT 349.94 345.15 Td (�) Tj ET Q
q 0 0 0 rg BT 352.16 345.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 356.89 345.15 Td (account ) Tj ET Q
q 0 0 0 rg BT 383.37 345.15 Td (balances ) Tj ET Q
q 0 0 0 rg BT 412.52 345.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 419.90 345.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 442.39 345.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 454.00 345.15 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 471.61 345.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 484.77 345.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 496.15 345.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 528.41 345.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 541.57 345.15 Td (Legg ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 335.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 91.66 335.55 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 136.26 335.55 Td (made ) Tj ET Q
q 0 0 0 rg BT 155.96 335.55 Td (during ) Tj ET Q
q 0 0 0 rg BT 179.23 335.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 198.94 335.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 215.08 335.55 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 233.46 335.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 251.39 335.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.55 335.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 283.25 335.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 292.30 335.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 304.45 335.55 Td (of) Tj ET Q
q 0 0 0 rg BT 310.97 335.55 Td (ficer) Tj ET Q
q 0 0 0 rg BT 325.92 335.55 Td (�) Tj ET Q
q 0 0 0 rg BT 328.14 335.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 333.64 335.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 360.89 335.55 Td (balances ) Tj ET Q
q 0 0 0 rg BT 390.81 335.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 398.97 335.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 422.23 335.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 434.61 335.55 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 454.46 335.55 Td (Aggregate ) Tj ET Q
q 0 0 0 rg BT 490.16 335.55 Td (earnings ) Tj ET Q
q 0 0 0 rg BT 519.64 335.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 531.35 335.55 Td (deferred ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 325.95 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 99.29 325.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 118.21 325.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 135.79 325.95 Td (include ) Tj ET Q
q 0 0 0 rg BT 161.37 325.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 190.50 325.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 206.31 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 214.56 325.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 230.80 325.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 242.16 325.95 Td (dividends. ) Tj ET Q
q 0 0 0 rg BT 277.29 325.95 Td (Dividend ) Tj ET Q
q 0 0 0 rg BT 309.10 325.95 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 338.23 325.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 350.03 325.95 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 380.03 325.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 388.28 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 399.64 325.95 Td (All ) Tj ET Q
q 0 0 0 rg BT 411.89 325.95 Td (Other ) Tj ET Q
q 0 0 0 rg BT 432.13 325.95 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 480.38 325.95 Td (column ) Tj ET Q
q 0 0 0 rg BT 506.40 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.10 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 526.90 325.95 Td (Summary ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 316.35 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 115.57 316.35 Td (T) Tj ET Q
q 0 0 0 rg BT 119.90 316.35 Td (able.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 304.35 Td (\(4\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 304.35 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 304.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 82.32 304.35 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 115.79 304.35 Td (balance ) Tj ET Q
q 0 0 0 rg BT 142.60 304.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 163.20 304.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 175.36 304.35 Td (Phantom ) Tj ET Q
q 0 0 0 rg BT 206.19 304.35 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 226.80 304.35 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 243.40 304.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.34 304.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 269.49 304.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 298.52 304.35 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 330.67 304.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 349.94 304.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 367.88 304.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 375.60 304.35 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 410.41 304.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 420.79 304.35 Td (multiplying ) Tj ET Q
q 0 0 0 rg BT 460.51 304.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 472.67 304.35 Td (phantom ) Tj ET Q
q 0 0 0 rg BT 503.05 304.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 522.32 304.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 531.37 304.35 Td (deferred ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 294.75 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 99.29 294.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 118.21 294.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 132.69 294.75 Td (account ) Tj ET Q
q 0 0 0 rg BT 159.60 294.75 Td (share ) Tj ET Q
q 0 0 0 rg BT 178.51 294.75 Td (balance ) Tj ET Q
q 0 0 0 rg BT 204.97 294.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 215.01 294.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 226.81 294.75 Td (closing ) Tj ET Q
q 0 0 0 rg BT 251.96 294.75 Td (price ) Tj ET Q
q 0 0 0 rg BT 269.98 294.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 278.67 294.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 297.14 294.75 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 321.14 294.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 326.29 294.75 Td (common ) Tj ET Q
q 0 0 0 rg BT 356.32 294.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 375.24 294.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 385.27 294.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 408.19 294.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 420.22 294.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 440.25 294.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 461.84 294.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 476.31 294.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 488.12 294.75 Td (last ) Tj ET Q
q 0 0 0 rg BT 501.26 294.75 Td (trading ) Tj ET Q
q 0 0 0 rg BT 525.95 294.75 Td (day ) Tj ET Q
q 0 0 0 rg BT 539.54 294.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.23 294.75 Td (the ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 285.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 86.36 285.15 Td (year) Tj ET Q
q 0 0 0 rg BT 99.69 285.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 103.23 285.15 Td (Phantom ) Tj ET Q
q 0 0 0 rg BT 133.21 285.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 151.64 285.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 164.73 285.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 192.91 285.15 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 224.21 285.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 242.64 285.15 Td (unit ) Tj ET Q
q 0 0 0 rg BT 256.62 285.15 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 298.16 285.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 309.47 285.15 Td (made ) Tj ET Q
q 0 0 0 rg BT 328.33 285.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 336.09 285.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 357.63 285.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.83 285.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 395.36 285.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 413.79 285.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 423.33 285.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 428.42 285.15 Td (one-for) Tj ET Q
q 0 0 0 rg BT 451.80 285.15 Td (-one ) Tj ET Q
q 0 0 0 rg BT 467.55 285.15 Td (basis. ) Tj ET Q
q 0 0 0 rg BT 486.98 285.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 500.96 285.15 Td (aggregate ) Tj ET Q
q 0 0 0 rg BT 533.59 285.15 Td (balance ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 275.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 88.19 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.43 275.55 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 131.33 275.55 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 180.02 275.55 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 198.94 275.55 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 215.64 275.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 223.45 275.55 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 258.34 275.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 268.81 275.55 Td (multiplying ) Tj ET Q
q 0 0 0 rg BT 308.62 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 320.87 275.55 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 349.98 275.55 Td (fund ) Tj ET Q
q 0 0 0 rg BT 367.12 275.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 386.47 275.55 Td (account ) Tj ET Q
q 0 0 0 rg BT 413.82 275.55 Td (balance ) Tj ET Q
q 0 0 0 rg BT 440.72 275.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 451.19 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 463.44 275.55 Td (closing ) Tj ET Q
q 0 0 0 rg BT 489.02 275.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 501.27 275.55 Td (asset ) Tj ET Q
q 0 0 0 rg BT 519.29 275.55 Td (value ) Tj ET Q
q 0 0 0 rg BT 539.09 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.22 275.55 Td (the ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 265.95 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 102.77 265.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 121.60 265.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 145.77 265.95 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 167.73 265.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 178.12 265.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 201.39 265.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 213.79 265.95 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 234.18 265.95 Td (Distributions ) Tj ET Q
q 0 0 0 rg BT 278.36 265.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 296.30 265.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 308.47 265.95 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 339.29 265.95 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 387.90 265.95 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 406.75 265.95 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 423.36 265.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 435.52 265.95 Td (made ) Tj ET Q
q 0 0 0 rg BT 455.24 265.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 463.86 265.95 Td (either ) Tj ET Q
q 0 0 0 rg BT 484.46 265.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 501.07 265.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 510.13 265.95 Td (shares ) Tj ET Q
q 0 0 0 rg BT 532.52 265.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 541.58 265.95 Td (Legg ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 256.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 91.28 256.35 Td (Funds. ) Tj ET Q
q 0 0 0 rg BT 114.84 256.35 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 244.35 Td (\(5\) ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.83 244.35 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 244.35 Td (A) Tj ET Q
q 0 0 0 rg BT 72.84 244.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 74.64 244.35 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 113.34 244.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 133.36 244.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 144.93 244.35 Td (Phantom ) Tj ET Q
q 0 0 0 rg BT 175.18 244.35 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 195.21 244.35 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 211.24 244.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 218.38 244.35 Td (due ) Tj ET Q
q 0 0 0 rg BT 231.73 244.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 239.76 244.35 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 253.79 244.35 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 285.37 244.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 293.40 244.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 298.75 244.35 Td (lump ) Tj ET Q
q 0 0 0 rg BT 317.00 244.35 Td (sum ) Tj ET Q
q 0 0 0 rg BT 332.14 244.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 340.61 244.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 345.97 244.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 365.55 244.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 374.02 244.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 385.59 244.35 Td (termination ) Tj ET Q
q 0 0 0 rg BT 424.28 244.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 432.75 244.35 Td (her ) Tj ET Q
q 0 0 0 rg BT 444.77 244.35 Td (employment ) Tj ET Q
q 0 0 0 rg BT 486.56 244.35 Td (ef) Tj ET Q
q 0 0 0 rg BT 492.63 244.35 Td (fective ) Tj ET Q
q 0 0 0 rg BT 516.20 244.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 524.67 244.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 533.14 244.35 Td (January ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 234.75 Td (1, ) Tj ET Q
q 0 0 0 rg BT 75.12 234.75 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 94.63 234.75 Td (This ) Tj ET Q
q 0 0 0 rg BT 110.47 234.75 Td (payment ) Tj ET Q
q 0 0 0 rg BT 139.64 234.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 146.60 234.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 170.89 234.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 178.73 234.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 183.91 234.75 Td (six ) Tj ET Q
q 0 0 0 rg BT 194.87 234.75 Td (month ) Tj ET Q
q 0 0 0 rg BT 216.93 234.75 Td (hold ) Tj ET Q
q 0 0 0 rg BT 232.78 234.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 240.63 234.75 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 278.22 234.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 294.06 234.75 Td (Section ) Tj ET Q
q 0 0 0 rg BT 319.68 234.75 Td (409A) Tj ET Q
q 0 0 0 rg BT 337.02 234.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 338.64 234.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 351.81 234.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 365.88 234.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 375.06 234.75 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 410.90 234.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 418.74 234.75 Td (July ) Tj ET Q
q 0 0 0 rg BT 433.70 234.75 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 453.33 234.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 454.95 234.75 Td (Distributions ) Tj ET Q
q 0 0 0 rg BT 498.35 234.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 518.19 234.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.59 234.75 Td (Deferred ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 225.15 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 115.72 225.15 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 134.17 225.15 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 150.40 225.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 162.17 225.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 175.72 225.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 183.95 225.15 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 198.18 225.15 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 229.95 225.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 243.51 225.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 252.84 225.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 256.85 225.15 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 279.74 225.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 288.41 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 293.96 225.15 Td (result ) Tj ET Q
q 0 0 0 rg BT 313.74 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.40 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 334.18 225.15 Td (termination ) Tj ET Q
q 0 0 0 rg BT 373.06 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 381.73 225.15 Td (their ) Tj ET Q
q 0 0 0 rg BT 398.39 225.15 Td (employment ) Tj ET Q
q 0 0 0 rg BT 440.39 225.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 446.46 225.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 470.22 225.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 478.89 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 487.56 225.15 Td (January ) Tj ET Q
q 0 0 0 rg BT 514.44 225.15 Td (1, ) Tj ET Q
q 0 0 0 rg BT 522.44 225.15 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 542.44 225.15 Td (Both ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 215.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 81.95 215.55 Td (receive ) Tj ET Q
q 0 0 0 rg BT 107.04 215.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 112.59 215.55 Td (lump ) Tj ET Q
q 0 0 0 rg BT 131.03 215.55 Td (sum ) Tj ET Q
q 0 0 0 rg BT 146.37 215.55 Td (payment. ) Tj ET Q
q 0 0 0 rg BT 177.91 215.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 179.77 215.55 Td (This ) Tj ET Q
q 0 0 0 rg BT 195.99 215.55 Td (payment ) Tj ET Q
q 0 0 0 rg BT 225.54 215.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 232.88 215.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 257.54 215.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 265.76 215.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 271.31 215.55 Td (six ) Tj ET Q
q 0 0 0 rg BT 282.64 215.55 Td (month ) Tj ET Q
q 0 0 0 rg BT 305.09 215.55 Td (hold ) Tj ET Q
q 0 0 0 rg BT 321.31 215.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 329.54 215.55 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 367.50 215.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 383.73 215.55 Td (Section ) Tj ET Q
q 0 0 0 rg BT 409.72 215.55 Td (409A) Tj ET Q
q 0 0 0 rg BT 427.06 215.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 429.06 215.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 442.61 215.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 457.05 215.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 466.61 215.55 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 502.82 215.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 511.05 215.55 Td (July ) Tj ET Q
q 0 0 0 rg BT 526.38 215.55 Td (2020.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 190.35 Td (Potential ) Tj ET Q
q 0 0 0 rg BT 92.37 190.35 Td (Payments ) Tj ET Q
q 0 0 0 rg BT 138.74 190.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 152.26 190.35 Td (T) Tj ET Q
q 0 0 0 rg BT 158.30 190.35 Td (ermination ) Tj ET Q
q 0 0 0 rg BT 210.51 190.35 Td (or) Tj ET Q
q 0 0 0 rg BT 220.23 190.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 222.85 190.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 230.73 190.35 Td (Change ) Tj ET Q
q 0 0 0 rg BT 267.77 190.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 279.15 190.35 Td (Contr) Tj ET Q
q 0 0 0 rg BT 305.79 190.35 Td (ol ) Tj ET Q
q 0 0 0 rg BT 316.58 190.35 Td (or) Tj ET Q
q 0 0 0 rg BT 326.30 190.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 328.92 190.35 Td (Retir) Tj ET Q
q 0 0 0 rg BT 352.05 190.35 Td (ement) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 177.75 Td (As ) Tj ET Q
q 0 0 0 rg BT 63.89 177.75 Td (described ) Tj ET Q
q 0 0 0 rg BT 106.85 177.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 117.74 177.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.30 177.75 Td (�Compensation ) Tj ET Q
q 0 0 0 rg BT 201.35 177.75 Td (Discussion ) Tj ET Q
q 0 0 0 rg BT 250.16 177.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 267.44 177.75 Td (Analysis� ) Tj ET Q
q 0 0 0 rg BT 311.58 177.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 322.47 177.75 Td (this ) Tj ET Q
q 0 0 0 rg BT 339.77 177.75 Td (Annual ) Tj ET Q
q 0 0 0 rg BT 373.41 177.75 Td (Report ) Tj ET Q
q 0 0 0 rg BT 404.71 177.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 417.93 177.75 Td (Form ) Tj ET Q
q 0 0 0 rg BT 443.41 177.75 Td (10-K, ) Tj ET Q
q 0 0 0 rg BT 470.34 177.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 487.06 177.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 517.78 177.75 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 165.15 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 165.15 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 83.93 165.15 Td (typically ) Tj ET Q
q 0 0 0 rg BT 123.23 165.15 Td (received ) Tj ET Q
q 0 0 0 rg BT 161.35 165.15 Td (long-term ) Tj ET Q
q 0 0 0 rg BT 205.31 165.15 Td (equity ) Tj ET Q
q 0 0 0 rg BT 234.12 165.15 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 275.16 165.15 Td (awards ) Tj ET Q
q 0 0 0 rg BT 307.46 165.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 322.26 165.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 347.56 165.15 Td (years ) Tj ET Q
q 0 0 0 rg BT 372.27 165.15 Td (prior ) Tj ET Q
q 0 0 0 rg BT 395.24 165.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 405.96 165.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 431.26 165.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 451.89 165.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 475.45 165.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 486.17 165.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 501.56 165.15 Td (form ) Tj ET Q
q 0 0 0 rg BT 524.53 165.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 535.83 165.15 Td (stock ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 152.55 Td (options, ) Tj ET Q
q 0 0 0 rg BT 85.73 152.55 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 127.48 152.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 152.33 152.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 175.43 152.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 193.28 152.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 249.01 152.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 273.85 152.55 Td (units. ) Tj ET Q
q 0 0 0 rg BT 299.58 152.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 302.26 152.55 Td (For ) Tj ET Q
q 0 0 0 rg BT 319.53 152.55 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 344.96 152.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 365.71 152.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 392.02 152.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 408.70 152.55 Td (named ) Tj ET Q
q 0 0 0 rg BT 439.37 152.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 482.28 152.55 Td (of) Tj ET Q
q 0 0 0 rg BT 490.84 152.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 516.84 152.55 Td (who ) Tj ET Q
q 0 0 0 rg BT 537.61 152.55 Td (were ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 139.95 Td (employed ) Tj ET Q
q 0 0 0 rg BT 93.84 139.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 107.27 139.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 131.77 139.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 163.29 139.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 173.80 139.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 189.56 139.95 Td (end ) Tj ET Q
q 0 0 0 rg BT 207.65 139.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 219.33 139.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 235.09 139.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 260.76 139.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 281.76 139.95 Td (received ) Tj ET Q
q 0 0 0 rg BT 320.24 139.95 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 361.66 139.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 394.33 139.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 405.43 139.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 421.19 139.95 Td (form ) Tj ET Q
q 0 0 0 rg BT 444.53 139.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 456.21 139.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 494.11 139.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 515.70 139.95 Td (units, ) Tj ET Q
q 0 0 0 rg BT 541.67 139.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 553.35 139.95 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 127.35 Td (result ) Tj ET Q
q 0 0 0 rg BT 75.18 127.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 86.29 127.35 Td (restrictions ) Tj ET Q
q 0 0 0 rg BT 135.30 127.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 161.56 127.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.75 127.35 Td (Mer) Tj ET Q
q 0 0 0 rg BT 194.05 127.35 Td (ger ) Tj ET Q
q 0 0 0 rg BT 209.29 127.35 Td (Agreement ) Tj ET Q
q 0 0 0 rg BT 258.30 127.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 271.15 127.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.34 127.35 Td (issuance ) Tj ET Q
q 0 0 0 rg BT 324.27 127.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 335.37 127.35 Td (equity) Tj ET Q
q 0 0 0 rg BT 360.93 127.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 365.91 127.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 377.02 127.35 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 416.41 127.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 432.76 127.35 Td (named ) Tj ET Q
q 0 0 0 rg BT 463.11 127.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 505.69 127.35 Td (of) Tj ET Q
q 0 0 0 rg BT 514.25 127.35 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 539.92 127.35 Td (may ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 114.75 Td (elect ) Tj ET Q
q 0 0 0 rg BT 72.38 114.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 83.61 114.75 Td (participate ) Tj ET Q
q 0 0 0 rg BT 130.98 114.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 142.21 114.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 159.26 114.75 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 199.63 114.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 263.35 114.75 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 288.00 114.75 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 309.73 114.75 Td (and, ) Tj ET Q
q 0 0 0 rg BT 330.58 114.75 Td (until ) Tj ET Q
q 0 0 0 rg BT 352.89 114.75 Td (December ) Tj ET Q
q 0 0 0 rg BT 399.09 114.75 Td (31, ) Tj ET Q
q 0 0 0 rg BT 415.28 114.75 Td (2014, ) Tj ET Q
q 0 0 0 rg BT 441.97 114.75 Td (could ) Tj ET Q
q 0 0 0 rg BT 468.35 114.75 Td (elect ) Tj ET Q
q 0 0 0 rg BT 491.23 114.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 502.46 114.75 Td (participate ) Tj ET Q
q 0 0 0 rg BT 549.83 114.75 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 102.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 65.69 102.15 Td (Phantom ) Tj ET Q
q 0 0 0 rg BT 105.22 102.15 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 131.33 102.15 Td (Plan. ) Tj ET Q
q 0 0 0 rg BT 154.81 102.15 Td (Except ) Tj ET Q
q 0 0 0 rg BT 186.16 102.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 197.10 102.15 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 239.54 102.15 Td (below) Tj ET Q
q 0 0 0 rg BT 264.52 102.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 269.34 102.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 285.53 102.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 315.71 102.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 358.13 102.15 Td (of) Tj ET Q
q 0 0 0 rg BT 366.69 102.15 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 392.20 102.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 410.73 102.15 Td (forfeit ) Tj ET Q
q 0 0 0 rg BT 439.15 102.15 Td (their ) Tj ET Q
q 0 0 0 rg BT 460.59 102.15 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 500.11 102.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 524.46 102.15 Td (options, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 89.55 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 91.19 89.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 115.98 89.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 139.02 89.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 156.81 89.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 212.49 89.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 237.26 89.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 260.31 89.55 Td (if ) Tj ET Q
q 0 0 0 rg BT 269.35 89.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 291.22 89.55 Td (employment ) Tj ET Q
q 0 0 0 rg BT 346.33 89.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 367.63 89.55 Td (us ) Tj ET Q
q 0 0 0 rg BT 379.59 89.55 Td (ends.) Tj ET Q
endstream
endobj
359 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 360 0 R>>
endobj
360 0 obj
<</Length 48195>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (177) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 77.21 741.90 Td (Options) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 67.52 729.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 75.61 729.30 Td (description ) Tj ET Q
q 0 0 0 rg BT 125.70 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 137.88 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.14 729.30 Td (treatment ) Tj ET Q
q 0 0 0 rg BT 197.22 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.40 729.30 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 261.83 729.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 287.43 729.30 Td (options ) Tj ET Q
q 0 0 0 rg BT 321.79 729.30 Td (under ) Tj ET Q
q 0 0 0 rg BT 349.13 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.39 729.30 Td (Mer) Tj ET Q
q 0 0 0 rg BT 382.69 729.30 Td (ger ) Tj ET Q
q 0 0 0 rg BT 398.77 729.30 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 451.48 729.30 Td (please ) Tj ET Q
q 0 0 0 rg BT 481.15 729.30 Td (see ) Tj ET Q
q 0 0 0 rg BT 497.99 729.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.25 729.30 Td (discussion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (below ) Tj ET Q
q 0 0 0 rg BT 77.54 716.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 103.82 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.02 716.70 Td (caption ) Tj ET Q
q 0 0 0 rg BT 152.30 716.70 Td (�Ef) Tj ET Q
q 0 0 0 rg BT 166.68 716.70 Td (fect ) Tj ET Q
q 0 0 0 rg BT 184.79 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.91 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 211.11 716.70 Td (Mer) Tj ET Q
q 0 0 0 rg BT 228.42 716.70 Td (ger ) Tj ET Q
q 0 0 0 rg BT 243.67 716.70 Td (Agreement.� ) Tj ET Q
q 0 0 0 rg BT 299.98 716.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 302.18 716.70 Td (The ) Tj ET Q
q 0 0 0 rg BT 320.88 716.70 Td (description ) Tj ET Q
q 0 0 0 rg BT 369.91 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 381.03 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 396.24 716.70 Td (terms ) Tj ET Q
q 0 0 0 rg BT 421.94 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 433.06 716.70 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 484.43 716.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 508.97 716.70 Td (options ) Tj ET Q
q 0 0 0 rg BT 542.27 716.70 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (follows ) Tj ET Q
q 0 0 0 rg BT 83.38 704.10 Td (here ) Tj ET Q
q 0 0 0 rg BT 103.83 704.10 Td (covers ) Tj ET Q
q 0 0 0 rg BT 133.61 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 148.82 704.10 Td (terms ) Tj ET Q
q 0 0 0 rg BT 174.53 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 185.66 704.10 Td (award ) Tj ET Q
q 0 0 0 rg BT 213.69 704.10 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 263.88 704.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 278.50 704.10 Td (such ) Tj ET Q
q 0 0 0 rg BT 300.13 704.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 324.68 704.10 Td (options. ) Tj ET Q
q 0 0 0 rg BT 360.60 704.10 Td ( ) Tj ET Q
q 0 0 0 rg BT 362.98 704.10 Td (Unvested ) Tj ET Q
q 0 0 0 rg BT 405.02 704.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 429.57 704.10 Td (options ) Tj ET Q
q 0 0 0 rg BT 462.87 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 480.41 704.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 535.84 704.10 Td (stock ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (options ) Tj ET Q
q 0 0 0 rg BT 82.42 691.50 Td (held ) Tj ET Q
q 0 0 0 rg BT 102.50 691.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 115.01 691.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 131.00 691.50 Td (named ) Tj ET Q
q 0 0 0 rg BT 160.99 691.50 Td (executive ) Tj ET Q
q 0 0 0 rg BT 203.22 691.50 Td (of) Tj ET Q
q 0 0 0 rg BT 211.78 691.50 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 237.10 691.50 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 296.25 691.50 Td (vest ) Tj ET Q
q 0 0 0 rg BT 315.17 691.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 332.33 691.50 Td (become ) Tj ET Q
q 0 0 0 rg BT 366.98 691.50 Td (exercisable ) Tj ET Q
q 0 0 0 rg BT 416.20 691.50 Td (upon ) Tj ET Q
q 0 0 0 rg BT 439.21 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.04 691.50 Td (termination ) Tj ET Q
q 0 0 0 rg BT 504.44 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.19 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 530.02 691.50 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 91.71 678.90 Td (of) Tj ET Q
q 0 0 0 rg BT 100.27 678.90 Td (ficer) Tj ET Q
q 0 0 0 rg BT 119.89 678.90 Td (�) Tj ET Q
q 0 0 0 rg BT 122.81 678.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 128.88 678.90 Td (employment ) Tj ET Q
q 0 0 0 rg BT 183.36 678.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 194.09 678.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 200.74 678.90 Td (result ) Tj ET Q
q 0 0 0 rg BT 226.05 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 236.78 678.90 Td (his ) Tj ET Q
q 0 0 0 rg BT 251.02 678.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 261.75 678.90 Td (her ) Tj ET Q
q 0 0 0 rg BT 277.15 678.90 Td (death ) Tj ET Q
q 0 0 0 rg BT 301.87 678.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 312.60 678.90 Td (disability) Tj ET Q
q 0 0 0 rg BT 351.00 678.90 Td (. ) Tj ET Q
q 0 0 0 rg BT 355.61 678.90 Td (Unvested ) Tj ET Q
q 0 0 0 rg BT 397.26 678.90 Td (options ) Tj ET Q
q 0 0 0 rg BT 430.17 678.90 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 489.30 678.90 Td (vest ) Tj ET Q
q 0 0 0 rg BT 508.20 678.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 525.34 678.90 Td (become ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (exercisable ) Tj ET Q
q 0 0 0 rg BT 99.39 666.30 Td (if ) Tj ET Q
q 0 0 0 rg BT 108.47 666.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.96 666.30 Td (named ) Tj ET Q
q 0 0 0 rg BT 154.62 666.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 197.51 666.30 Td (of) Tj ET Q
q 0 0 0 rg BT 206.07 666.30 Td (ficer) Tj ET Q
q 0 0 0 rg BT 225.69 666.30 Td (�) Tj ET Q
q 0 0 0 rg BT 228.61 666.30 Td (s ) Tj ET Q
q 0 0 0 rg BT 235.36 666.30 Td (employment ) Tj ET Q
q 0 0 0 rg BT 290.52 666.30 Td (terminates ) Tj ET Q
q 0 0 0 rg BT 336.92 666.30 Td (within ) Tj ET Q
q 0 0 0 rg BT 366.42 666.30 Td (one ) Tj ET Q
q 0 0 0 rg BT 384.24 666.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 404.98 666.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 416.39 666.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 423.72 666.30 Td (change ) Tj ET Q
q 0 0 0 rg BT 456.12 666.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 467.53 666.30 Td (control ) Tj ET Q
q 0 0 0 rg BT 499.94 666.30 Td (without ) Tj ET Q
q 0 0 0 rg BT 534.69 666.30 Td (cause ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.34 653.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 77.60 653.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 87.87 653.70 Td (good ) Tj ET Q
q 0 0 0 rg BT 110.96 653.70 Td (reason. ) Tj ET Q
q 0 0 0 rg BT 143.09 653.70 Td (Options ) Tj ET Q
q 0 0 0 rg BT 178.44 653.70 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 237.69 653.70 Td (vest ) Tj ET Q
q 0 0 0 rg BT 256.70 653.70 Td (if ) Tj ET Q
q 0 0 0 rg BT 265.21 653.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.13 653.70 Td (named ) Tj ET Q
q 0 0 0 rg BT 310.22 653.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 352.54 653.70 Td (of) Tj ET Q
q 0 0 0 rg BT 361.10 653.70 Td (ficer) Tj ET Q
q 0 0 0 rg BT 380.72 653.70 Td (�) Tj ET Q
q 0 0 0 rg BT 383.64 653.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 389.82 653.70 Td (employment ) Tj ET Q
q 0 0 0 rg BT 444.41 653.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 453.51 653.70 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 500.51 653.70 Td (without ) Tj ET Q
q 0 0 0 rg BT 534.69 653.70 Td (cause ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 641.10 Td (due ) Tj ET Q
q 0 0 0 rg BT 67.29 641.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 78.08 641.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 85.36 641.10 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 127.64 641.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 138.43 641.10 Td (workforce.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.90 Td (If ) Tj ET Q
q 0 0 0 rg BT 59.46 615.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 67.09 615.90 Td (named ) Tj ET Q
q 0 0 0 rg BT 98.04 615.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 141.23 615.90 Td (of) Tj ET Q
q 0 0 0 rg BT 149.79 615.90 Td (ficer) Tj ET Q
q 0 0 0 rg BT 169.41 615.90 Td (�) Tj ET Q
q 0 0 0 rg BT 172.33 615.90 Td (s ) Tj ET Q
q 0 0 0 rg BT 179.38 615.90 Td (employment ) Tj ET Q
q 0 0 0 rg BT 234.84 615.90 Td (ends ) Tj ET Q
q 0 0 0 rg BT 257.05 615.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 272.26 615.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 290.39 615.90 Td (reason ) Tj ET Q
q 0 0 0 rg BT 320.76 615.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 345.30 615.90 Td (than ) Tj ET Q
q 0 0 0 rg BT 366.34 615.90 Td (those ) Tj ET Q
q 0 0 0 rg BT 391.47 615.90 Td (described ) Tj ET Q
q 0 0 0 rg BT 434.67 615.90 Td (above ) Tj ET Q
q 0 0 0 rg BT 462.71 615.90 Td (before ) Tj ET Q
q 0 0 0 rg BT 492.49 615.90 Td (all ) Tj ET Q
q 0 0 0 rg BT 505.95 615.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 517.66 615.90 Td (his ) Tj ET Q
q 0 0 0 rg BT 532.88 615.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 544.59 615.90 Td (her ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 73.10 603.30 Td (options ) Tj ET Q
q 0 0 0 rg BT 105.46 603.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 126.72 603.30 Td (vested, ) Tj ET Q
q 0 0 0 rg BT 157.61 603.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.88 603.30 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 210.64 603.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 234.24 603.30 Td (options ) Tj ET Q
q 0 0 0 rg BT 266.60 603.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 280.86 603.30 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 339.44 603.30 Td (forfeited ) Tj ET Q
q 0 0 0 rg BT 377.03 603.30 Td (except ) Tj ET Q
q 0 0 0 rg BT 405.86 603.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 423.05 603.30 Td (upon ) Tj ET Q
q 0 0 0 rg BT 445.48 603.30 Td (termination ) Tj ET Q
q 0 0 0 rg BT 495.33 603.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 505.51 603.30 Td (employment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.70 Td (without ) Tj ET Q
q 0 0 0 rg BT 84.28 590.70 Td (cause ) Tj ET Q
q 0 0 0 rg BT 110.29 590.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 128.14 590.70 Td (due ) Tj ET Q
q 0 0 0 rg BT 145.99 590.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 156.85 590.70 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 205.31 590.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 230.17 590.70 Td (options ) Tj ET Q
q 0 0 0 rg BT 263.78 590.70 Td (issued ) Tj ET Q
q 0 0 0 rg BT 292.73 590.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 305.92 590.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 317.36 590.70 Td (after ) Tj ET Q
q 0 0 0 rg BT 339.28 590.70 Td (May ) Tj ET Q
q 0 0 0 rg BT 361.22 590.70 Td (15, ) Tj ET Q
q 0 0 0 rg BT 377.04 590.70 Td (2015 ) Tj ET Q
q 0 0 0 rg BT 400.73 590.70 Td (continue ) Tj ET Q
q 0 0 0 rg BT 439.58 590.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 450.44 590.70 Td (vest ) Tj ET Q
q 0 0 0 rg BT 470.04 590.70 Td (based ) Tj ET Q
q 0 0 0 rg BT 496.64 590.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 509.83 590.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.35 590.70 Td (original ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 578.10 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 82.93 578.10 Td (schedule. ) Tj ET Q
q 0 0 0 rg BT 125.16 578.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 144.58 578.10 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 194.34 578.10 Td (has ) Tj ET Q
q 0 0 0 rg BT 211.43 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 227.35 578.10 Td (authority ) Tj ET Q
q 0 0 0 rg BT 268.36 578.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 279.62 578.10 Td (accelerate ) Tj ET Q
q 0 0 0 rg BT 324.67 578.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 340.60 578.10 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 374.02 578.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.86 578.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 404.12 578.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 429.38 578.10 Td (options ) Tj ET Q
q 0 0 0 rg BT 463.40 578.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 474.66 578.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 487.68 578.10 Td (discretion ) Tj ET Q
q 0 0 0 rg BT 532.18 578.10 Td (at ) Tj ET Q
q 0 0 0 rg BT 542.85 578.10 Td (any ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.50 Td (time. ) Tj ET Q
q 0 0 0 rg BT 72.59 565.50 Td (A) Tj ET Q
q 0 0 0 rg BT 79.60 565.50 Td ( ) Tj ET Q
q 0 0 0 rg BT 81.92 565.50 Td (named ) Tj ET Q
q 0 0 0 rg BT 112.22 565.50 Td (executive ) Tj ET Q
q 0 0 0 rg BT 154.77 565.50 Td (of) Tj ET Q
q 0 0 0 rg BT 163.32 565.50 Td (ficer) Tj ET Q
q 0 0 0 rg BT 182.13 565.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 187.08 565.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 198.14 565.50 Td (his ) Tj ET Q
q 0 0 0 rg BT 212.71 565.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 223.78 565.50 Td (her ) Tj ET Q
q 0 0 0 rg BT 239.50 565.50 Td (beneficiaries, ) Tj ET Q
q 0 0 0 rg BT 298.08 565.50 Td (must ) Tj ET Q
q 0 0 0 rg BT 320.82 565.50 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 357.53 565.50 Td (all ) Tj ET Q
q 0 0 0 rg BT 370.34 565.50 Td (vested ) Tj ET Q
q 0 0 0 rg BT 399.48 565.50 Td (options ) Tj ET Q
q 0 0 0 rg BT 432.72 565.50 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 447.28 565.50 Td (within ) Tj ET Q
q 0 0 0 rg BT 476.44 565.50 Td (one ) Tj ET Q
q 0 0 0 rg BT 493.91 565.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 514.30 565.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 525.36 565.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 540.51 565.50 Td (date ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.20 552.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 90.07 552.90 Td (his ) Tj ET Q
q 0 0 0 rg BT 104.53 552.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 115.48 552.90 Td (her ) Tj ET Q
q 0 0 0 rg BT 131.09 552.90 Td (employment ) Tj ET Q
q 0 0 0 rg BT 185.79 552.90 Td (terminates ) Tj ET Q
q 0 0 0 rg BT 231.73 552.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 242.68 552.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 249.54 552.90 Td (result ) Tj ET Q
q 0 0 0 rg BT 275.08 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 286.03 552.90 Td (death ) Tj ET Q
q 0 0 0 rg BT 310.97 552.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 321.92 552.90 Td (disability ) Tj ET Q
q 0 0 0 rg BT 363.21 552.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 374.16 552.90 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 388.61 552.90 Td (within ) Tj ET Q
q 0 0 0 rg BT 417.65 552.90 Td (three ) Tj ET Q
q 0 0 0 rg BT 440.84 552.90 Td (months ) Tj ET Q
q 0 0 0 rg BT 473.97 552.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 484.92 552.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 499.95 552.90 Td (date ) Tj ET Q
q 0 0 0 rg BT 519.64 552.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 532.35 552.90 Td (which ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.30 Td (his ) Tj ET Q
q 0 0 0 rg BT 63.94 540.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 74.87 540.30 Td (her ) Tj ET Q
q 0 0 0 rg BT 90.47 540.30 Td (employment ) Tj ET Q
q 0 0 0 rg BT 145.15 540.30 Td (terminates ) Tj ET Q
q 0 0 0 rg BT 191.07 540.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 205.50 540.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 222.84 540.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 246.60 540.30 Td (reason, ) Tj ET Q
q 0 0 0 rg BT 278.82 540.30 Td (except ) Tj ET Q
q 0 0 0 rg BT 308.41 540.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 326.34 540.30 Td (upon ) Tj ET Q
q 0 0 0 rg BT 349.52 540.30 Td (termination ) Tj ET Q
q 0 0 0 rg BT 400.12 540.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 411.05 540.30 Td (employment ) Tj ET Q
q 0 0 0 rg BT 465.73 540.30 Td (without ) Tj ET Q
q 0 0 0 rg BT 500.00 540.30 Td (cause ) Tj ET Q
q 0 0 0 rg BT 525.50 540.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 542.85 540.30 Td (due ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.30 527.70 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 108.71 527.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 133.51 527.70 Td (options ) Tj ET Q
q 0 0 0 rg BT 167.07 527.70 Td (issued ) Tj ET Q
q 0 0 0 rg BT 195.96 527.70 Td (on ) Tj ET Q
q 0 0 0 rg BT 209.09 527.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 220.48 527.70 Td (after ) Tj ET Q
q 0 0 0 rg BT 242.35 527.70 Td (May ) Tj ET Q
q 0 0 0 rg BT 264.23 527.70 Td (15, ) Tj ET Q
q 0 0 0 rg BT 279.99 527.70 Td (2015 ) Tj ET Q
q 0 0 0 rg BT 303.63 527.70 Td (will ) Tj ET Q
q 0 0 0 rg BT 322.60 527.70 Td (expire ) Tj ET Q
q 0 0 0 rg BT 351.47 527.70 Td (three ) Tj ET Q
q 0 0 0 rg BT 375.10 527.70 Td (months ) Tj ET Q
q 0 0 0 rg BT 408.65 527.70 Td (after ) Tj ET Q
q 0 0 0 rg BT 430.52 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 445.99 527.70 Td (last ) Tj ET Q
q 0 0 0 rg BT 463.21 527.70 Td (vest ) Tj ET Q
q 0 0 0 rg BT 482.76 527.70 Td (date ) Tj ET Q
q 0 0 0 rg BT 502.88 527.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 514.27 527.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.73 527.70 Td (award. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 515.10 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.12 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 74.81 515.10 Td (event ) Tj ET Q
q 0 0 0 rg BT 99.42 515.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 110.04 515.10 Td (death ) Tj ET Q
q 0 0 0 rg BT 134.65 515.10 Td (during ) Tj ET Q
q 0 0 0 rg BT 163.93 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.63 515.10 Td (period ) Tj ET Q
q 0 0 0 rg BT 207.33 515.10 Td (when ) Tj ET Q
q 0 0 0 rg BT 231.94 515.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 238.47 515.10 Td (retired ) Tj ET Q
q 0 0 0 rg BT 267.74 515.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 309.84 515.10 Td (of) Tj ET Q
q 0 0 0 rg BT 318.40 515.10 Td (ficer) Tj ET Q
q 0 0 0 rg BT 338.02 515.10 Td (�) Tj ET Q
q 0 0 0 rg BT 340.93 515.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 346.89 515.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 370.93 515.10 Td (options ) Tj ET Q
q 0 0 0 rg BT 403.72 515.10 Td (continue ) Tj ET Q
q 0 0 0 rg BT 441.74 515.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 451.78 515.10 Td (vest, ) Tj ET Q
q 0 0 0 rg BT 473.19 515.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.89 515.10 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 527.08 515.10 Td (options ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.50 Td (become ) Tj ET Q
q 0 0 0 rg BT 84.69 502.50 Td (vested ) Tj ET Q
q 0 0 0 rg BT 114.06 502.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 131.76 502.50 Td (exercisable ) Tj ET Q
q 0 0 0 rg BT 181.53 502.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 194.57 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.94 502.50 Td (date ) Tj ET Q
q 0 0 0 rg BT 229.97 502.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 254.09 502.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 285.22 502.50 Td (becomes ) Tj ET Q
q 0 0 0 rg BT 324.50 502.50 Td (aware ) Tj ET Q
q 0 0 0 rg BT 352.10 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 363.39 502.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 378.76 502.50 Td (death. ) Tj ET Q
q 0 0 0 rg BT 406.67 502.50 Td (In ) Tj ET Q
q 0 0 0 rg BT 417.96 502.50 Td (order ) Tj ET Q
q 0 0 0 rg BT 442.66 502.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 453.37 502.50 Td (retire ) Tj ET Q
q 0 0 0 rg BT 478.06 502.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 492.84 502.50 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 532.72 502.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 544.01 502.50 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 74.14 489.90 Td (options, ) Tj ET Q
q 0 0 0 rg BT 110.16 489.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 117.30 489.90 Td (named ) Tj ET Q
q 0 0 0 rg BT 147.76 489.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 190.46 489.90 Td (of) Tj ET Q
q 0 0 0 rg BT 199.02 489.90 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 220.73 489.90 Td (must ) Tj ET Q
q 0 0 0 rg BT 243.62 489.90 Td (be ) Tj ET Q
q 0 0 0 rg BT 256.01 489.90 Td (at ) Tj ET Q
q 0 0 0 rg BT 266.06 489.90 Td (least ) Tj ET Q
q 0 0 0 rg BT 287.78 489.90 Td (62 ) Tj ET Q
q 0 0 0 rg BT 300.76 489.90 Td (years ) Tj ET Q
q 0 0 0 rg BT 325.39 489.90 Td (old ) Tj ET Q
q 0 0 0 rg BT 341.28 489.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 358.91 489.90 Td (may ) Tj ET Q
q 0 0 0 rg BT 379.47 489.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 395.36 489.90 Td (represent, ) Tj ET Q
q 0 0 0 rg BT 438.94 489.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 449.58 489.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 467.22 489.90 Td (capacity ) Tj ET Q
q 0 0 0 rg BT 504.67 489.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 528.72 489.90 Td (than ) Tj ET Q
q 0 0 0 rg BT 549.27 489.90 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 62.04 477.30 Td (independent ) Tj ET Q
q 0 0 0 rg BT 115.98 477.30 Td (director) Tj ET Q
q 0 0 0 rg BT 148.21 477.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 153.46 477.30 Td (any ) Tj ET Q
q 0 0 0 rg BT 171.24 477.30 Td (financial ) Tj ET Q
q 0 0 0 rg BT 210.60 477.30 Td (services ) Tj ET Q
q 0 0 0 rg BT 247.04 477.30 Td (company ) Tj ET Q
q 0 0 0 rg BT 288.16 477.30 Td (that ) Tj ET Q
q 0 0 0 rg BT 306.53 477.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 321.98 477.30 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 371.27 477.30 Td (deems ) Tj ET Q
q 0 0 0 rg BT 400.72 477.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 408.00 477.30 Td (competitor ) Tj ET Q
q 0 0 0 rg BT 456.12 477.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 467.49 477.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 491.69 477.30 Td (Mason.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 452.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.42 452.10 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 106.08 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.16 452.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 133.49 452.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 157.98 452.10 Td (options, ) Tj ET Q
q 0 0 0 rg BT 193.86 452.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 200.85 452.10 Td (�change ) Tj ET Q
q 0 0 0 rg BT 237.58 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 248.65 452.10 Td (control� ) Tj ET Q
q 0 0 0 rg BT 285.39 452.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 296.47 452.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 320.37 452.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 351.29 452.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 369.96 452.10 Td (occur ) Tj ET Q
q 0 0 0 rg BT 395.60 452.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 418.94 452.10 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 433.51 452.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 451.00 452.10 Td (person ) Tj ET Q
q 0 0 0 rg BT 481.33 452.10 Td (acquiring, ) Tj ET Q
q 0 0 0 rg BT 525.94 452.10 Td (directly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 59.83 439.50 Td (indirectly) Tj ET Q
q 0 0 0 rg BT 99.39 439.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 103.59 439.50 Td (beneficial ) Tj ET Q
q 0 0 0 rg BT 146.57 439.50 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 191.90 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.23 439.50 Td (securities ) Tj ET Q
q 0 0 0 rg BT 243.46 439.50 Td (representing ) Tj ET Q
q 0 0 0 rg BT 296.94 439.50 Td (50.1% ) Tj ET Q
q 0 0 0 rg BT 325.65 439.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 335.98 439.50 Td (more ) Tj ET Q
q 0 0 0 rg BT 359.13 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 369.46 439.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.87 439.50 Td (combined ) Tj ET Q
q 0 0 0 rg BT 426.86 439.50 Td (voting ) Tj ET Q
q 0 0 0 rg BT 455.28 439.50 Td (power ) Tj ET Q
q 0 0 0 rg BT 483.10 439.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.43 439.50 Td (our ) Tj ET Q
q 0 0 0 rg BT 509.01 439.50 Td (outstanding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.90 Td (stock; ) Tj ET Q
q 0 0 0 rg BT 76.62 426.90 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 90.89 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 105.76 426.90 Td (closing ) Tj ET Q
q 0 0 0 rg BT 138.12 426.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 148.90 426.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 166.10 426.90 Td (mer) Tj ET Q
q 0 0 0 rg BT 182.23 426.90 Td (ger) Tj ET Q
q 0 0 0 rg BT 195.22 426.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 199.88 426.90 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 258.49 426.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 269.27 426.90 Td (other ) Tj ET Q
q 0 0 0 rg BT 292.88 426.90 Td (reor) Tj ET Q
q 0 0 0 rg BT 309.59 426.90 Td (ganization ) Tj ET Q
q 0 0 0 rg BT 355.36 426.90 Td (involving ) Tj ET Q
q 0 0 0 rg BT 397.65 426.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 421.26 426.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 451.88 426.90 Td (whereby ) Tj ET Q
q 0 0 0 rg BT 490.06 426.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 504.92 426.90 Td (stockholders ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.29 414.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 83.90 414.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 114.52 414.30 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 169.05 414.30 Td (prior ) Tj ET Q
q 0 0 0 rg BT 191.50 414.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 201.70 414.30 Td (such ) Tj ET Q
q 0 0 0 rg BT 222.99 414.30 Td (reor) Tj ET Q
q 0 0 0 rg BT 239.70 414.30 Td (ganization ) Tj ET Q
q 0 0 0 rg BT 285.48 414.30 Td (do ) Tj ET Q
q 0 0 0 rg BT 298.02 414.30 Td (not ) Tj ET Q
q 0 0 0 rg BT 313.47 414.30 Td (hold, ) Tj ET Q
q 0 0 0 rg BT 336.81 414.30 Td (directly ) Tj ET Q
q 0 0 0 rg BT 370.91 414.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 381.70 414.30 Td (indirectly) Tj ET Q
q 0 0 0 rg BT 421.26 414.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 425.92 414.30 Td (more ) Tj ET Q
q 0 0 0 rg BT 449.53 414.30 Td (than ) Tj ET Q
q 0 0 0 rg BT 469.65 414.30 Td (50% ) Tj ET Q
q 0 0 0 rg BT 490.94 414.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 501.72 414.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 516.59 414.30 Td (combined ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.70 Td (voting ) Tj ET Q
q 0 0 0 rg BT 79.35 401.70 Td (power ) Tj ET Q
q 0 0 0 rg BT 108.61 401.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 120.37 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 136.21 401.70 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 188.23 401.70 Td (stock ) Tj ET Q
q 0 0 0 rg BT 213.41 401.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 225.17 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 241.02 401.70 Td (successor ) Tj ET Q
q 0 0 0 rg BT 284.27 401.70 Td (entity ) Tj ET Q
q 0 0 0 rg BT 311.20 401.70 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 366.70 401.70 Td (following ) Tj ET Q
q 0 0 0 rg BT 410.55 401.70 Td (such ) Tj ET Q
q 0 0 0 rg BT 432.81 401.70 Td (transaction; ) Tj ET Q
q 0 0 0 rg BT 484.82 401.70 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 500.08 401.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 515.92 401.70 Td (closing ) Tj ET Q
q 0 0 0 rg BT 549.27 401.70 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 389.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 67.71 389.10 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 116.82 389.10 Td (involving ) Tj ET Q
q 0 0 0 rg BT 160.12 389.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 167.83 389.10 Td (sale ) Tj ET Q
q 0 0 0 rg BT 187.21 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 199.00 389.10 Td (assets ) Tj ET Q
q 0 0 0 rg BT 226.55 389.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 238.34 389.10 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 262.96 389.10 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 294.59 389.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 313.39 389.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 336.26 389.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 343.97 389.10 Td (total ) Tj ET Q
q 0 0 0 rg BT 365.68 389.10 Td (gross ) Tj ET Q
q 0 0 0 rg BT 390.89 389.10 Td (fair ) Tj ET Q
q 0 0 0 rg BT 408.51 389.10 Td (market ) Tj ET Q
q 0 0 0 rg BT 440.71 389.10 Td (value ) Tj ET Q
q 0 0 0 rg BT 466.50 389.10 Td (equal ) Tj ET Q
q 0 0 0 rg BT 492.29 389.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 503.50 389.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 515.30 389.10 Td (more ) Tj ET Q
q 0 0 0 rg BT 539.92 389.10 Td (than ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.50 Td (90% ) Tj ET Q
q 0 0 0 rg BT 71.97 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 83.93 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 99.98 376.50 Td (total ) Tj ET Q
q 0 0 0 rg BT 121.86 376.50 Td (gross ) Tj ET Q
q 0 0 0 rg BT 147.25 376.50 Td (fair ) Tj ET Q
q 0 0 0 rg BT 165.04 376.50 Td (market ) Tj ET Q
q 0 0 0 rg BT 197.42 376.50 Td (value ) Tj ET Q
q 0 0 0 rg BT 223.37 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 235.34 376.50 Td (all ) Tj ET Q
q 0 0 0 rg BT 249.06 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 261.02 376.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 285.82 376.50 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 317.32 376.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 324.62 376.50 Td (assets; ) Tj ET Q
q 0 0 0 rg BT 355.26 376.50 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 370.72 376.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 386.77 376.50 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 426.74 376.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 438.70 376.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 457.08 376.50 Td (plan ) Tj ET Q
q 0 0 0 rg BT 478.38 376.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 490.35 376.50 Td (proposal ) Tj ET Q
q 0 0 0 rg BT 529.73 376.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 545.19 376.50 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.90 Td (liquidation ) Tj ET Q
q 0 0 0 rg BT 97.41 363.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 108.57 363.90 Td (dissolution ) Tj ET Q
q 0 0 0 rg BT 157.07 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 168.23 363.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 192.22 363.90 Td (Mason; ) Tj ET Q
q 0 0 0 rg BT 226.13 363.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 237.29 363.90 Td (\(5\) ) Tj ET Q
q 0 0 0 rg BT 251.95 363.90 Td (within ) Tj ET Q
q 0 0 0 rg BT 281.19 363.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 298.77 363.90 Td (12-month ) Tj ET Q
q 0 0 0 rg BT 342.01 363.90 Td (period, ) Tj ET Q
q 0 0 0 rg BT 373.87 363.90 Td (individuals ) Tj ET Q
q 0 0 0 rg BT 422.95 363.90 Td (who, ) Tj ET Q
q 0 0 0 rg BT 446.07 363.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 457.23 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 468.39 363.90 Td (May ) Tj ET Q
q 0 0 0 rg BT 490.05 363.90 Td (15 ) Tj ET Q
q 0 0 0 rg BT 502.96 363.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 514.12 363.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.36 363.90 Td (year ) Tj ET Q
q 0 0 0 rg BT 549.84 363.90 Td (in ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 77.45 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.57 351.30 Td (award ) Tj ET Q
q 0 0 0 rg BT 120.51 351.30 Td (is ) Tj ET Q
q 0 0 0 rg BT 129.80 351.30 Td (made, ) Tj ET Q
q 0 0 0 rg BT 157.45 351.30 Td (constitute ) Tj ET Q
q 0 0 0 rg BT 200.57 351.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 215.69 351.30 Td (Board ) Tj ET Q
q 0 0 0 rg BT 243.64 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.67 351.30 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 296.03 351.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 307.07 351.30 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 330.93 351.30 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 361.80 351.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 372.84 351.30 Td (who ) Tj ET Q
q 0 0 0 rg BT 393.21 351.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 408.32 351.30 Td (thereafter ) Tj ET Q
q 0 0 0 rg BT 450.82 351.30 Td (nominated ) Tj ET Q
q 0 0 0 rg BT 497.44 351.30 Td (as ) Tj ET Q
q 0 0 0 rg BT 508.47 351.30 Td (directors ) Tj ET Q
q 0 0 0 rg BT 547.50 351.30 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.79 338.70 Td (majority ) Tj ET Q
q 0 0 0 rg BT 94.99 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.36 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 121.81 338.70 Td (Board ) Tj ET Q
q 0 0 0 rg BT 150.10 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 161.47 338.70 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 203.16 338.70 Td (cease ) Tj ET Q
q 0 0 0 rg BT 228.52 338.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 243.39 338.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 261.17 338.70 Td (reason ) Tj ET Q
q 0 0 0 rg BT 291.20 338.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 301.99 338.70 Td (constitute ) Tj ET Q
q 0 0 0 rg BT 345.45 338.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 355.65 338.70 Td (least ) Tj ET Q
q 0 0 0 rg BT 377.52 338.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 384.80 338.70 Td (majority ) Tj ET Q
q 0 0 0 rg BT 423.00 338.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 434.38 338.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 449.83 338.70 Td (Board. ) Tj ET Q
q 0 0 0 rg BT 480.74 338.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 326.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.29 326.10 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 105.82 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.77 326.10 Td (our ) Tj ET Q
q 0 0 0 rg BT 132.96 326.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 157.33 326.10 Td (options, ) Tj ET Q
q 0 0 0 rg BT 193.07 326.10 Td (�cause� ) Tj ET Q
q 0 0 0 rg BT 227.92 326.10 Td (means ) Tj ET Q
q 0 0 0 rg BT 256.94 326.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 274.30 326.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.25 326.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 300.28 326.10 Td (following ) Tj ET Q
q 0 0 0 rg BT 343.31 326.10 Td (behavior ) Tj ET Q
q 0 0 0 rg BT 382.25 326.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 394.95 326.10 Td (an ) Tj ET Q
q 0 0 0 rg BT 407.06 326.10 Td (option ) Tj ET Q
q 0 0 0 rg BT 436.09 326.10 Td (recipient ) Tj ET Q
q 0 0 0 rg BT 475.03 326.10 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 489.47 326.10 Td (any ) Tj ET Q
q 0 0 0 rg BT 506.83 326.10 Td (conduct ) Tj ET Q
q 0 0 0 rg BT 542.27 326.10 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.50 Td (competes ) Tj ET Q
q 0 0 0 rg BT 91.73 313.50 Td (with ) Tj ET Q
q 0 0 0 rg BT 112.97 313.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 137.12 313.50 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 170.90 313.50 Td (breaches ) Tj ET Q
q 0 0 0 rg BT 210.20 313.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 227.93 313.50 Td (obligation ) Tj ET Q
q 0 0 0 rg BT 273.09 313.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 284.41 313.50 Td (duty ) Tj ET Q
q 0 0 0 rg BT 305.65 313.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 316.97 313.50 Td (loyalty ) Tj ET Q
q 0 0 0 rg BT 348.71 313.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 359.45 313.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 383.60 313.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 414.75 313.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 426.07 313.50 Td (materially ) Tj ET Q
q 0 0 0 rg BT 471.21 313.50 Td (injures ) Tj ET Q
q 0 0 0 rg BT 502.37 313.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 526.51 313.50 Td (Mason; ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.90 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 64.01 300.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 70.94 300.90 Td (material ) Tj ET Q
q 0 0 0 rg BT 107.61 300.90 Td (violation ) Tj ET Q
q 0 0 0 rg BT 147.21 300.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 158.22 300.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 175.65 300.90 Td (law) Tj ET Q
q 0 0 0 rg BT 190.13 300.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 195.02 300.90 Td (regulation ) Tj ET Q
q 0 0 0 rg BT 239.86 300.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 250.88 300.90 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 274.72 300.90 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 305.57 300.90 Td (policy; ) Tj ET Q
q 0 0 0 rg BT 337.00 300.90 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 351.52 300.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 358.45 300.90 Td (court ) Tj ET Q
q 0 0 0 rg BT 382.29 300.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 393.30 300.90 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 438.72 300.90 Td (order ) Tj ET Q
q 0 0 0 rg BT 463.14 300.90 Td (that ) Tj ET Q
q 0 0 0 rg BT 481.16 300.90 Td (prevents ) Tj ET Q
q 0 0 0 rg BT 519.00 300.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 531.18 300.90 Td (option ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.30 Td (recipient ) Tj ET Q
q 0 0 0 rg BT 89.97 288.30 Td (from ) Tj ET Q
q 0 0 0 rg BT 114.11 288.30 Td (performing ) Tj ET Q
q 0 0 0 rg BT 165.09 288.30 Td (his ) Tj ET Q
q 0 0 0 rg BT 181.08 288.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 193.56 288.30 Td (her ) Tj ET Q
q 0 0 0 rg BT 210.70 288.30 Td (duties ) Tj ET Q
q 0 0 0 rg BT 239.52 288.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 252.00 288.30 Td (being ) Tj ET Q
q 0 0 0 rg BT 279.07 288.30 Td (associated ) Tj ET Q
q 0 0 0 rg BT 325.96 288.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 348.36 288.30 Td (an ) Tj ET Q
q 0 0 0 rg BT 362.01 288.30 Td (investment ) Tj ET Q
q 0 0 0 rg BT 411.82 288.30 Td (advisor; ) Tj ET Q
q 0 0 0 rg BT 449.39 288.30 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 465.36 288.30 Td (material ) Tj ET Q
q 0 0 0 rg BT 503.50 288.30 Td (malfeasance, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.70 Td (disloyalty ) Tj ET Q
q 0 0 0 rg BT 92.91 275.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 103.65 275.70 Td (dishonesty; ) Tj ET Q
q 0 0 0 rg BT 153.47 275.70 Td (\(5\) ) Tj ET Q
q 0 0 0 rg BT 167.71 275.70 Td (conviction ) Tj ET Q
q 0 0 0 rg BT 214.02 275.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 224.76 275.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 231.41 275.70 Td (felony; ) Tj ET Q
q 0 0 0 rg BT 263.14 275.70 Td (\(6\) ) Tj ET Q
q 0 0 0 rg BT 277.38 275.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 294.53 275.70 Td (failure ) Tj ET Q
q 0 0 0 rg BT 323.92 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 334.08 275.70 Td (devote ) Tj ET Q
q 0 0 0 rg BT 364.05 275.70 Td (suf) Tj ET Q
q 0 0 0 rg BT 376.70 275.70 Td (ficient ) Tj ET Q
q 0 0 0 rg BT 405.51 275.70 Td (professional ) Tj ET Q
q 0 0 0 rg BT 458.82 275.70 Td (time ) Tj ET Q
q 0 0 0 rg BT 479.48 275.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 489.63 275.70 Td (his ) Tj ET Q
q 0 0 0 rg BT 503.88 275.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 514.62 275.70 Td (her ) Tj ET Q
q 0 0 0 rg BT 530.01 275.70 Td (duties; ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 263.10 Td (\(7\) ) Tj ET Q
q 0 0 0 rg BT 64.93 263.10 Td (failure ) Tj ET Q
q 0 0 0 rg BT 95.52 263.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 106.88 263.10 Td (satisfactorily ) Tj ET Q
q 0 0 0 rg BT 164.31 263.10 Td (perform ) Tj ET Q
q 0 0 0 rg BT 201.32 263.10 Td (duties, ) Tj ET Q
q 0 0 0 rg BT 232.21 263.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 244.15 263.10 Td (gross ) Tj ET Q
q 0 0 0 rg BT 269.51 263.10 Td (misconduct ) Tj ET Q
q 0 0 0 rg BT 321.11 263.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 333.05 263.10 Td (gross ) Tj ET Q
q 0 0 0 rg BT 358.41 263.10 Td (negligence ) Tj ET Q
q 0 0 0 rg BT 407.08 263.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 418.43 263.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 434.45 263.10 Td (performance ) Tj ET Q
q 0 0 0 rg BT 490.69 263.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 502.63 263.10 Td (duties; ) Tj ET Q
q 0 0 0 rg BT 533.82 263.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 545.76 263.10 Td (\(8\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.50 Td (failure ) Tj ET Q
q 0 0 0 rg BT 79.52 250.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 90.32 250.50 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 129.68 250.50 Td (any ) Tj ET Q
q 0 0 0 rg BT 147.47 250.50 Td (required ) Tj ET Q
q 0 0 0 rg BT 185.08 250.50 Td (licenses.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.30 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.59 225.30 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 106.42 225.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.66 225.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 134.16 225.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 158.82 225.30 Td (options, ) Tj ET Q
q 0 0 0 rg BT 194.87 225.30 Td (�good ) Tj ET Q
q 0 0 0 rg BT 223.03 225.30 Td (reason� ) Tj ET Q
q 0 0 0 rg BT 257.59 225.30 Td (means ) Tj ET Q
q 0 0 0 rg BT 286.92 225.30 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 301.66 225.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 308.82 225.30 Td (material ) Tj ET Q
q 0 0 0 rg BT 345.72 225.30 Td (adverse ) Tj ET Q
q 0 0 0 rg BT 380.28 225.30 Td (change ) Tj ET Q
q 0 0 0 rg BT 412.51 225.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 423.18 225.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 438.51 225.30 Td (responsibilities ) Tj ET Q
q 0 0 0 rg BT 504.59 225.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.84 225.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.16 225.30 Td (option ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.70 Td (recipient ) Tj ET Q
q 0 0 0 rg BT 89.37 212.70 Td (from ) Tj ET Q
q 0 0 0 rg BT 112.92 212.70 Td (those ) Tj ET Q
q 0 0 0 rg BT 138.23 212.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 149.54 212.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 157.51 212.70 Td (fect ) Tj ET Q
q 0 0 0 rg BT 176.38 212.70 Td (prior ) Tj ET Q
q 0 0 0 rg BT 199.94 212.70 Td (to ) Tj ET Q
q 0 0 0 rg BT 211.25 212.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 227.22 212.70 Td (change ) Tj ET Q
q 0 0 0 rg BT 260.09 212.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 271.98 212.70 Td (control; ) Tj ET Q
q 0 0 0 rg BT 307.78 212.70 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 323.16 212.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 339.13 212.70 Td (recipient�) Tj ET Q
q 0 0 0 rg BT 378.78 212.70 Td (s ) Tj ET Q
q 0 0 0 rg BT 386.01 212.70 Td (principal ) Tj ET Q
q 0 0 0 rg BT 426.47 212.70 Td (place ) Tj ET Q
q 0 0 0 rg BT 451.76 212.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 463.65 212.70 Td (employment ) Tj ET Q
q 0 0 0 rg BT 519.28 212.70 Td (is ) Tj ET Q
q 0 0 0 rg BT 529.43 212.70 Td (moved ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 200.10 Td (more ) Tj ET Q
q 0 0 0 rg BT 72.65 200.10 Td (than ) Tj ET Q
q 0 0 0 rg BT 92.30 200.10 Td (50 ) Tj ET Q
q 0 0 0 rg BT 104.38 200.10 Td (miles ) Tj ET Q
q 0 0 0 rg BT 128.70 200.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 150.68 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 165.09 200.10 Td (location ) Tj ET Q
q 0 0 0 rg BT 200.48 200.10 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 254.55 200.10 Td (prior ) Tj ET Q
q 0 0 0 rg BT 276.53 200.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 286.27 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 300.67 200.10 Td (change ) Tj ET Q
q 0 0 0 rg BT 331.98 200.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 342.30 200.10 Td (control; ) Tj ET Q
q 0 0 0 rg BT 376.54 200.10 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 390.35 200.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 404.75 200.10 Td (recipient�) Tj ET Q
q 0 0 0 rg BT 444.40 200.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 450.06 200.10 Td (base ) Tj ET Q
q 0 0 0 rg BT 470.30 200.10 Td (salary ) Tj ET Q
q 0 0 0 rg BT 496.94 200.10 Td (is ) Tj ET Q
q 0 0 0 rg BT 505.52 200.10 Td (significantly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.50 Td (reduced; ) Tj ET Q
q 0 0 0 rg BT 89.21 187.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 101.52 187.50 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 117.33 187.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.73 187.50 Td (recipient�) Tj ET Q
q 0 0 0 rg BT 173.38 187.50 Td (s ) Tj ET Q
q 0 0 0 rg BT 181.03 187.50 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 223.08 187.50 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 284.97 187.50 Td (for ) Tj ET Q
q 0 0 0 rg BT 300.77 187.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 309.00 187.50 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 335.31 187.50 Td (year ) Tj ET Q
q 0 0 0 rg BT 356.94 187.50 Td (is ) Tj ET Q
q 0 0 0 rg BT 367.51 187.50 Td (materially ) Tj ET Q
q 0 0 0 rg BT 413.64 187.50 Td (reduced ) Tj ET Q
q 0 0 0 rg BT 450.44 187.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 474.41 187.50 Td (his ) Tj ET Q
q 0 0 0 rg BT 490.23 187.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 502.54 187.50 Td (her ) Tj ET Q
q 0 0 0 rg BT 519.52 187.50 Td (incentive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.90 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 109.88 174.90 Td (for ) Tj ET Q
q 0 0 0 rg BT 124.19 174.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 139.08 174.90 Td (prior ) Tj ET Q
q 0 0 0 rg BT 161.55 174.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 186.35 174.90 Td (year) Tj ET Q
q 0 0 0 rg BT 204.00 174.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 208.69 174.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 225.91 174.90 Td (such ) Tj ET Q
q 0 0 0 rg BT 247.22 174.90 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 288.94 174.90 Td (is ) Tj ET Q
q 0 0 0 rg BT 298.00 174.90 Td (not ) Tj ET Q
q 0 0 0 rg BT 313.48 174.90 Td (related ) Tj ET Q
q 0 0 0 rg BT 344.11 174.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 354.34 174.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 361.06 174.90 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 402.78 174.90 Td (in ) Tj ET Q
q 0 0 0 rg BT 413.01 174.90 Td (responsibilities ) Tj ET Q
q 0 0 0 rg BT 478.65 174.90 Td (or ) Tj ET Q
q 0 0 0 rg BT 489.46 174.90 Td (either ) Tj ET Q
q 0 0 0 rg BT 515.43 174.90 Td (individual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 60.87 162.30 Td (corporate ) Tj ET Q
q 0 0 0 rg BT 103.14 162.30 Td (performance.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (Restricted ) Tj ET Q
q 0 0 0 rg BT 98.19 137.10 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 125.90 137.10 Td (Units) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (For ) Tj ET Q
q 0 0 0 rg BT 66.38 124.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 73.33 124.50 Td (description ) Tj ET Q
q 0 0 0 rg BT 122.28 124.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.31 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 148.43 124.50 Td (treatment ) Tj ET Q
q 0 0 0 rg BT 190.37 124.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 201.41 124.50 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 241.02 124.50 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 282.38 124.50 Td (stock ) Tj ET Q
q 0 0 0 rg BT 306.83 124.50 Td (units ) Tj ET Q
q 0 0 0 rg BT 329.54 124.50 Td (under ) Tj ET Q
q 0 0 0 rg BT 355.74 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 370.86 124.50 Td (Mer) Tj ET Q
q 0 0 0 rg BT 388.17 124.50 Td (ger ) Tj ET Q
q 0 0 0 rg BT 403.36 124.50 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 454.92 124.50 Td (please ) Tj ET Q
q 0 0 0 rg BT 483.45 124.50 Td (see ) Tj ET Q
q 0 0 0 rg BT 499.14 124.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.26 124.50 Td (discussion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.90 Td (below ) Tj ET Q
q 0 0 0 rg BT 78.63 111.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 106.00 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 122.29 111.90 Td (caption ) Tj ET Q
q 0 0 0 rg BT 156.67 111.90 Td (�Ef) Tj ET Q
q 0 0 0 rg BT 171.05 111.90 Td (fect ) Tj ET Q
q 0 0 0 rg BT 190.25 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.46 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 218.76 111.90 Td (Mer) Tj ET Q
q 0 0 0 rg BT 236.06 111.90 Td (ger ) Tj ET Q
q 0 0 0 rg BT 252.17 111.90 Td (Agreement.� ) Tj ET Q
q 0 0 0 rg BT 309.57 111.90 Td ( ) Tj ET Q
q 0 0 0 rg BT 312.78 111.90 Td (The ) Tj ET Q
q 0 0 0 rg BT 332.57 111.90 Td (description ) Tj ET Q
q 0 0 0 rg BT 382.69 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 394.91 111.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 411.20 111.90 Td (terms ) Tj ET Q
q 0 0 0 rg BT 438.00 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 450.21 111.90 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 492.74 111.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 518.37 111.90 Td (units ) Tj ET Q
q 0 0 0 rg BT 542.26 111.90 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (follows ) Tj ET Q
q 0 0 0 rg BT 84.70 99.30 Td (here ) Tj ET Q
q 0 0 0 rg BT 106.46 99.30 Td (covers ) Tj ET Q
q 0 0 0 rg BT 137.57 99.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.09 99.30 Td (terms ) Tj ET Q
q 0 0 0 rg BT 181.12 99.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 193.56 99.30 Td (award ) Tj ET Q
q 0 0 0 rg BT 222.91 99.30 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 274.42 99.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 290.36 99.30 Td (such ) Tj ET Q
q 0 0 0 rg BT 313.31 99.30 Td (units. ) Tj ET Q
q 0 0 0 rg BT 340.05 99.30 Td ( ) Tj ET Q
q 0 0 0 rg BT 343.75 99.30 Td (Unvested ) Tj ET Q
q 0 0 0 rg BT 387.10 99.30 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 429.87 99.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 455.73 99.30 Td (units ) Tj ET Q
q 0 0 0 rg BT 479.85 99.30 Td (issued ) Tj ET Q
q 0 0 0 rg BT 509.80 99.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 521.66 99.30 Td (a ) Tj ET Q
q 0 0 0 rg BT 530.02 99.30 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.70 Td (executive ) Tj ET Q
q 0 0 0 rg BT 92.21 86.70 Td (of) Tj ET Q
q 0 0 0 rg BT 100.77 86.70 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 122.48 86.70 Td (will, ) Tj ET Q
q 0 0 0 rg BT 143.92 86.70 Td (under ) Tj ET Q
q 0 0 0 rg BT 170.31 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 185.62 86.70 Td (terms ) Tj ET Q
q 0 0 0 rg BT 211.43 86.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 222.66 86.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 237.97 86.70 Td (award ) Tj ET Q
q 0 0 0 rg BT 266.10 86.70 Td (agreements, ) Tj ET Q
q 0 0 0 rg BT 319.02 86.70 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 378.65 86.70 Td (vest ) Tj ET Q
q 0 0 0 rg BT 398.04 86.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 415.68 86.70 Td (all ) Tj ET Q
q 0 0 0 rg BT 428.66 86.70 Td (vested ) Tj ET Q
q 0 0 0 rg BT 457.97 86.70 Td (but ) Tj ET Q
q 0 0 0 rg BT 473.87 86.70 Td (undistributed ) Tj ET Q
q 0 0 0 rg BT 531.76 86.70 Td (shares ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 74.10 Td (will ) Tj ET Q
q 0 0 0 rg BT 68.01 74.10 Td (be ) Tj ET Q
q 0 0 0 rg BT 80.09 74.10 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 127.18 74.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 150.35 74.10 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 164.76 74.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.77 74.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 209.93 74.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 252.33 74.10 Td (of) Tj ET Q
q 0 0 0 rg BT 260.88 74.10 Td (ficer) Tj ET Q
q 0 0 0 rg BT 280.50 74.10 Td (�) Tj ET Q
q 0 0 0 rg BT 283.42 74.10 Td (s ) Tj ET Q
q 0 0 0 rg BT 289.68 74.10 Td (death; ) Tj ET Q
q 0 0 0 rg BT 317.51 74.10 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 331.93 74.10 Td (separation ) Tj ET Q
q 0 0 0 rg BT 377.25 74.10 Td (from ) Tj ET Q
q 0 0 0 rg BT 399.83 74.10 Td (service ) Tj ET Q
q 0 0 0 rg BT 431.74 74.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 442.65 74.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 457.65 74.10 Td (named ) Tj ET Q
q 0 0 0 rg BT 487.82 74.10 Td (executive ) Tj ET Q
q 0 0 0 rg BT 530.22 74.10 Td (of) Tj ET Q
q 0 0 0 rg BT 538.77 74.10 Td (ficer ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.50 Td (due ) Tj ET Q
q 0 0 0 rg BT 67.29 61.50 Td (to ) Tj ET Q
q 0 0 0 rg BT 78.08 61.50 Td (disability; ) Tj ET Q
q 0 0 0 rg BT 122.71 61.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 134.08 61.50 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 148.94 61.50 Td (separation ) Tj ET Q
q 0 0 0 rg BT 194.72 61.50 Td (from ) Tj ET Q
q 0 0 0 rg BT 217.76 61.50 Td (service ) Tj ET Q
q 0 0 0 rg BT 250.11 61.50 Td (following ) Tj ET Q
q 0 0 0 rg BT 293.57 61.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 300.86 61.50 Td (change ) Tj ET Q
q 0 0 0 rg BT 333.21 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.58 61.50 Td (control ) Tj ET Q
q 0 0 0 rg BT 376.95 61.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 388.32 61.50 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 412.52 61.50 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 443.73 61.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 455.10 61.50 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 497.98 61.50 Td (below) Tj ET Q
q 0 0 0 rg BT 522.96 61.50 Td (. ) Tj ET Q
endstream
endobj
361 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 362 0 R>>
endobj
362 0 obj
<</Length 52466>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (178) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (If ) Tj ET Q
q 0 0 0 rg BT 58.98 741.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 66.12 741.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 96.59 741.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 139.30 741.75 Td (of) Tj ET Q
q 0 0 0 rg BT 147.86 741.75 Td (ficer) Tj ET Q
q 0 0 0 rg BT 167.48 741.75 Td (�) Tj ET Q
q 0 0 0 rg BT 170.40 741.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 176.97 741.75 Td (employment ) Tj ET Q
q 0 0 0 rg BT 231.94 741.75 Td (terminates ) Tj ET Q
q 0 0 0 rg BT 278.16 741.75 Td (due ) Tj ET Q
q 0 0 0 rg BT 295.80 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 306.45 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 321.76 741.75 Td (elimination ) Tj ET Q
q 0 0 0 rg BT 372.07 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 383.30 741.75 Td (his ) Tj ET Q
q 0 0 0 rg BT 398.04 741.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 409.27 741.75 Td (her ) Tj ET Q
q 0 0 0 rg BT 425.16 741.75 Td (employment ) Tj ET Q
q 0 0 0 rg BT 480.13 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 490.78 741.75 Td (connection ) Tj ET Q
q 0 0 0 rg BT 539.33 741.75 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.63 729.15 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 98.75 729.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 109.39 729.15 Td (workforce ) Tj ET Q
q 0 0 0 rg BT 155.00 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 172.63 729.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 194.35 729.15 Td (termination ) Tj ET Q
q 0 0 0 rg BT 245.23 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 256.44 729.15 Td (employment ) Tj ET Q
q 0 0 0 rg BT 311.40 729.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 320.88 729.15 Td (without ) Tj ET Q
q 0 0 0 rg BT 355.43 729.15 Td (�cause�, ) Tj ET Q
q 0 0 0 rg BT 393.17 729.15 Td (then, ) Tj ET Q
q 0 0 0 rg BT 416.34 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 427.56 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 438.77 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.07 729.15 Td (date ) Tj ET Q
q 0 0 0 rg BT 474.03 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 485.25 729.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 506.96 729.15 Td (termination, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (his ) Tj ET Q
q 0 0 0 rg BT 63.52 716.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 74.04 716.55 Td (her ) Tj ET Q
q 0 0 0 rg BT 89.21 716.55 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 128.31 716.55 Td (award ) Tj ET Q
q 0 0 0 rg BT 155.73 716.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 173.83 716.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 185.51 716.55 Td (100% ) Tj ET Q
q 0 0 0 rg BT 211.78 716.55 Td (vested ) Tj ET Q
q 0 0 0 rg BT 240.37 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 257.30 716.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 269.57 716.55 Td (vested ) Tj ET Q
q 0 0 0 rg BT 298.16 716.55 Td (but ) Tj ET Q
q 0 0 0 rg BT 313.35 716.55 Td (undistributed ) Tj ET Q
q 0 0 0 rg BT 370.53 716.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 398.54 716.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 416.65 716.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 428.32 716.55 Td (distributed; ) Tj ET Q
q 0 0 0 rg BT 477.92 716.55 Td (provided, ) Tj ET Q
q 0 0 0 rg BT 519.64 716.55 Td (however) Tj ET Q
q 0 0 0 rg BT 555.37 716.55 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 67.47 703.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 77.86 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 92.91 703.95 Td (event ) Tj ET Q
q 0 0 0 rg BT 117.87 703.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 135.84 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 150.89 703.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 181.10 703.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 223.55 703.95 Td (of) Tj ET Q
q 0 0 0 rg BT 232.11 703.95 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 253.56 703.95 Td (fails ) Tj ET Q
q 0 0 0 rg BT 273.86 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 284.25 703.95 Td (sign ) Tj ET Q
q 0 0 0 rg BT 303.98 703.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 310.86 703.95 Td (general ) Tj ET Q
q 0 0 0 rg BT 343.98 703.95 Td (release ) Tj ET Q
q 0 0 0 rg BT 375.35 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 386.32 703.95 Td (claims ) Tj ET Q
q 0 0 0 rg BT 415.95 703.95 Td (provided ) Tj ET Q
q 0 0 0 rg BT 455.50 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 468.22 703.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 492.02 703.95 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 525.45 703.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 536.42 703.95 Td (signs ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.62 691.35 Td (revokes ) Tj ET Q
q 0 0 0 rg BT 103.23 691.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 125.44 691.35 Td (release ) Tj ET Q
q 0 0 0 rg BT 157.54 691.35 Td (within ) Tj ET Q
q 0 0 0 rg BT 187.34 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.13 691.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 224.75 691.35 Td (permitted ) Tj ET Q
q 0 0 0 rg BT 267.95 691.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 281.40 691.35 Td (law ) Tj ET Q
q 0 0 0 rg BT 299.53 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 310.65 691.35 Td (revoke ) Tj ET Q
q 0 0 0 rg BT 342.18 691.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 364.39 691.35 Td (release, ) Tj ET Q
q 0 0 0 rg BT 399.11 691.35 Td (then ) Tj ET Q
q 0 0 0 rg BT 420.15 691.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 438.27 691.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 467.47 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 479.18 691.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 496.13 691.35 Td (common ) Tj ET Q
q 0 0 0 rg BT 535.84 691.35 Td (stock ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (received ) Tj ET Q
q 0 0 0 rg BT 87.91 678.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 98.93 678.75 Td (connection ) Tj ET Q
q 0 0 0 rg BT 147.84 678.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 169.36 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 185.04 678.75 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 226.95 678.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 251.97 678.75 Td (units ) Tj ET Q
q 0 0 0 rg BT 275.24 678.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 293.84 678.75 Td (became ) Tj ET Q
q 0 0 0 rg BT 328.75 678.75 Td (vested ) Tj ET Q
q 0 0 0 rg BT 358.42 678.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 371.77 678.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 393.87 678.75 Td (termination ) Tj ET Q
q 0 0 0 rg BT 445.13 678.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 464.31 678.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 477.08 678.75 Td (cancelled ) Tj ET Q
q 0 0 0 rg BT 519.56 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 537.58 678.75 Td (must ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 61.85 666.15 Td (returned ) Tj ET Q
q 0 0 0 rg BT 99.27 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 109.88 666.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 133.89 666.15 Td (Mason. ) Tj ET Q
q 0 0 0 rg BT 167.54 666.15 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 193.31 666.15 Td (vesting, ) Tj ET Q
q 0 0 0 rg BT 228.71 666.15 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 270.21 666.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 294.81 666.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 317.67 666.15 Td (cease ) Tj ET Q
q 0 0 0 rg BT 342.84 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 353.45 666.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 365.80 666.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 397.98 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 408.58 666.15 Td (forfeiture. ) Tj ET Q
q 0 0 0 rg BT 453.29 666.15 Td (Subject ) Tj ET Q
q 0 0 0 rg BT 487.23 666.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 497.83 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.10 666.15 Td (exceptions ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 92.66 653.55 Td (herein, ) Tj ET Q
q 0 0 0 rg BT 124.44 653.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 135.52 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 151.26 653.55 Td (event ) Tj ET Q
q 0 0 0 rg BT 176.91 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 184.48 653.55 Td (named ) Tj ET Q
q 0 0 0 rg BT 215.39 653.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 258.53 653.55 Td (of) Tj ET Q
q 0 0 0 rg BT 267.09 653.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 289.23 653.55 Td (has ) Tj ET Q
q 0 0 0 rg BT 306.14 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 313.72 653.55 Td (separation ) Tj ET Q
q 0 0 0 rg BT 359.78 653.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 383.10 653.55 Td (service ) Tj ET Q
q 0 0 0 rg BT 415.75 653.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 430.91 653.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 448.98 653.55 Td (reason ) Tj ET Q
q 0 0 0 rg BT 479.30 653.55 Td (before ) Tj ET Q
q 0 0 0 rg BT 509.03 653.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 522.44 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 534.10 653.55 Td (his ) Tj ET Q
q 0 0 0 rg BT 549.26 653.55 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (her ) Tj ET Q
q 0 0 0 rg BT 65.72 640.95 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 107.60 640.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 132.58 640.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 155.82 640.95 Td (have ) Tj ET Q
q 0 0 0 rg BT 178.45 640.95 Td (vested, ) Tj ET Q
q 0 0 0 rg BT 210.72 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 226.36 640.95 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 266.50 640.95 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 308.38 640.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 333.36 640.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 356.60 640.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 375.75 640.95 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 435.71 640.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 448.43 640.95 Td (forfeited, ) Tj ET Q
q 0 0 0 rg BT 490.02 640.95 Td (however) Tj ET Q
q 0 0 0 rg BT 525.75 640.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 531.19 640.95 Td (vested ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (but ) Tj ET Q
q 0 0 0 rg BT 66.20 628.35 Td (undistributed ) Tj ET Q
q 0 0 0 rg BT 124.90 628.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 154.42 628.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 174.04 628.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 187.23 628.35 Td (distributed. ) Tj ET Q
q 0 0 0 rg BT 238.05 628.35 Td (If ) Tj ET Q
q 0 0 0 rg BT 248.33 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 256.27 628.35 Td (named ) Tj ET Q
q 0 0 0 rg BT 287.54 628.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 331.05 628.35 Td (of) Tj ET Q
q 0 0 0 rg BT 339.61 628.35 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 362.13 628.35 Td (retires ) Tj ET Q
q 0 0 0 rg BT 391.64 628.35 Td (from ) Tj ET Q
q 0 0 0 rg BT 415.34 628.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 440.19 628.35 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 474.69 628.35 Td (his ) Tj ET Q
q 0 0 0 rg BT 490.22 628.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 502.25 628.35 Td (her ) Tj ET Q
q 0 0 0 rg BT 518.94 628.35 Td (restricted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 74.00 615.75 Td (units ) Tj ET Q
q 0 0 0 rg BT 96.75 615.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 115.42 615.75 Td (continue ) Tj ET Q
q 0 0 0 rg BT 153.90 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 164.40 615.75 Td (vest ) Tj ET Q
q 0 0 0 rg BT 183.65 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 194.15 615.75 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 243.69 615.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 264.69 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 279.85 615.75 Td (original ) Tj ET Q
q 0 0 0 rg BT 314.84 615.75 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 347.50 615.75 Td (schedule ) Tj ET Q
q 0 0 0 rg BT 386.57 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 397.65 615.75 Td (long ) Tj ET Q
q 0 0 0 rg BT 418.65 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 429.73 615.75 Td (he ) Tj ET Q
q 0 0 0 rg BT 441.97 615.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 453.05 615.75 Td (she ) Tj ET Q
q 0 0 0 rg BT 469.38 615.75 Td (continues ) Tj ET Q
q 0 0 0 rg BT 511.95 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 522.45 615.75 Td (meet ) Tj ET Q
q 0 0 0 rg BT 545.19 615.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (definition ) Tj ET Q
q 0 0 0 rg BT 92.76 603.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 103.94 603.15 Td (retirement. ) Tj ET Q
q 0 0 0 rg BT 152.14 603.15 Td (If ) Tj ET Q
q 0 0 0 rg BT 161.56 603.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 168.66 603.15 Td (retired ) Tj ET Q
q 0 0 0 rg BT 198.49 603.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 241.15 603.15 Td (of) Tj ET Q
q 0 0 0 rg BT 249.70 603.15 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 271.37 603.15 Td (dies ) Tj ET Q
q 0 0 0 rg BT 290.71 603.15 Td (during ) Tj ET Q
q 0 0 0 rg BT 320.56 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 335.82 603.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 365.07 603.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 383.25 603.15 Td (awards ) Tj ET Q
q 0 0 0 rg BT 415.42 603.15 Td (continue ) Tj ET Q
q 0 0 0 rg BT 454.01 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 464.61 603.15 Td (vest, ) Tj ET Q
q 0 0 0 rg BT 486.58 603.15 Td (his ) Tj ET Q
q 0 0 0 rg BT 501.26 603.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 512.44 603.15 Td (her ) Tj ET Q
q 0 0 0 rg BT 528.28 603.15 Td (awards ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (become ) Tj ET Q
q 0 0 0 rg BT 84.69 590.55 Td (vested ) Tj ET Q
q 0 0 0 rg BT 114.06 590.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 131.76 590.55 Td (exercisable ) Tj ET Q
q 0 0 0 rg BT 181.53 590.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 194.57 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.94 590.55 Td (date ) Tj ET Q
q 0 0 0 rg BT 229.97 590.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 254.09 590.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 285.22 590.55 Td (becomes ) Tj ET Q
q 0 0 0 rg BT 324.50 590.55 Td (aware ) Tj ET Q
q 0 0 0 rg BT 352.10 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 363.39 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 378.76 590.55 Td (death. ) Tj ET Q
q 0 0 0 rg BT 406.67 590.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 417.96 590.55 Td (order ) Tj ET Q
q 0 0 0 rg BT 442.66 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 453.37 590.55 Td (retire ) Tj ET Q
q 0 0 0 rg BT 478.06 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 492.84 590.55 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 532.72 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 544.01 590.55 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 91.07 577.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 115.75 577.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 134.59 577.95 Td (grants, ) Tj ET Q
q 0 0 0 rg BT 165.39 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 172.56 577.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 203.06 577.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 245.79 577.95 Td (of) Tj ET Q
q 0 0 0 rg BT 254.35 577.95 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 276.09 577.95 Td (must ) Tj ET Q
q 0 0 0 rg BT 299.02 577.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 311.45 577.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 321.53 577.95 Td (least ) Tj ET Q
q 0 0 0 rg BT 343.29 577.95 Td (62 ) Tj ET Q
q 0 0 0 rg BT 356.30 577.95 Td (years ) Tj ET Q
q 0 0 0 rg BT 380.96 577.95 Td (old ) Tj ET Q
q 0 0 0 rg BT 396.89 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 414.56 577.95 Td (may ) Tj ET Q
q 0 0 0 rg BT 435.15 577.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 451.07 577.95 Td (represent, ) Tj ET Q
q 0 0 0 rg BT 494.69 577.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 505.36 577.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 523.03 577.95 Td (capacity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 74.44 565.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 95.89 565.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 108.01 565.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 121.29 565.35 Td (independent ) Tj ET Q
q 0 0 0 rg BT 175.98 565.35 Td (director) Tj ET Q
q 0 0 0 rg BT 208.20 565.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 214.20 565.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 232.73 565.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 272.83 565.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 310.02 565.35 Td (company ) Tj ET Q
q 0 0 0 rg BT 351.88 565.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 370.99 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.19 565.35 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 437.22 565.35 Td (deems ) Tj ET Q
q 0 0 0 rg BT 467.42 565.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 475.45 565.35 Td (competitor ) Tj ET Q
q 0 0 0 rg BT 524.30 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 536.42 565.35 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (Mason.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (Under ) Tj ET Q
q 0 0 0 rg BT 78.28 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.64 527.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 119.50 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.78 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.15 527.55 Td (award ) Tj ET Q
q 0 0 0 rg BT 174.33 527.55 Td (agreements, ) Tj ET Q
q 0 0 0 rg BT 227.30 527.55 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 268.90 527.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 293.60 527.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 316.56 527.55 Td (vest ) Tj ET Q
q 0 0 0 rg BT 336.01 527.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 359.54 527.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 366.74 527.55 Td (�change ) Tj ET Q
q 0 0 0 rg BT 403.67 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 414.95 527.55 Td (control� ) Tj ET Q
q 0 0 0 rg BT 451.89 527.55 Td (only ) Tj ET Q
q 0 0 0 rg BT 473.09 527.55 Td (if, ) Tj ET Q
q 0 0 0 rg BT 484.66 527.55 Td (within ) Tj ET Q
q 0 0 0 rg BT 514.04 527.55 Td (12 ) Tj ET Q
q 0 0 0 rg BT 527.07 527.55 Td (months ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.79 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.16 514.95 Td (change ) Tj ET Q
q 0 0 0 rg BT 108.44 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 119.73 514.95 Td (control, ) Tj ET Q
q 0 0 0 rg BT 154.64 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 170.01 514.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 200.54 514.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 243.31 514.95 Td (of) Tj ET Q
q 0 0 0 rg BT 251.87 514.95 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 273.64 514.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 283.19 514.95 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 330.63 514.95 Td (without ) Tj ET Q
q 0 0 0 rg BT 365.26 514.95 Td (cause ) Tj ET Q
q 0 0 0 rg BT 391.12 514.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 402.41 514.95 Td (terminates ) Tj ET Q
q 0 0 0 rg BT 448.69 514.95 Td (his ) Tj ET Q
q 0 0 0 rg BT 463.48 514.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 474.77 514.95 Td (her ) Tj ET Q
q 0 0 0 rg BT 490.72 514.95 Td (employment ) Tj ET Q
q 0 0 0 rg BT 545.76 514.95 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (good ) Tj ET Q
q 0 0 0 rg BT 72.61 502.35 Td (reason. ) Tj ET Q
q 0 0 0 rg BT 104.75 502.35 Td (See ) Tj ET Q
q 0 0 0 rg BT 122.03 502.35 Td (�Stock ) Tj ET Q
q 0 0 0 rg BT 152.72 502.35 Td (Options� ) Tj ET Q
q 0 0 0 rg BT 192.75 502.35 Td (above ) Tj ET Q
q 0 0 0 rg BT 219.93 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 234.28 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 249.23 502.35 Td (definitions ) Tj ET Q
q 0 0 0 rg BT 296.25 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 307.11 502.35 Td (�cause� ) Tj ET Q
q 0 0 0 rg BT 341.86 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 359.13 502.35 Td (�good ) Tj ET Q
q 0 0 0 rg BT 386.91 502.35 Td (reason� ) Tj ET Q
q 0 0 0 rg BT 421.08 502.35 Td (used ) Tj ET Q
q 0 0 0 rg BT 442.44 502.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 456.80 502.35 Td (these ) Tj ET Q
q 0 0 0 rg BT 480.49 502.35 Td (awards. ) Tj ET Q
q 0 0 0 rg BT 514.50 502.35 Td (A) Tj ET Q
q 0 0 0 rg BT 521.50 502.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 523.61 502.35 Td (�change ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.00 489.75 Td (control� ) Tj ET Q
q 0 0 0 rg BT 96.16 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.66 489.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 129.99 489.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 160.33 489.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 178.42 489.75 Td (occur ) Tj ET Q
q 0 0 0 rg BT 203.49 489.75 Td (upon ) Tj ET Q
q 0 0 0 rg BT 226.25 489.75 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 240.24 489.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 257.16 489.75 Td (person ) Tj ET Q
q 0 0 0 rg BT 286.91 489.75 Td (acquiring, ) Tj ET Q
q 0 0 0 rg BT 330.94 489.75 Td (directly ) Tj ET Q
q 0 0 0 rg BT 364.77 489.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 375.27 489.75 Td (indirectly) Tj ET Q
q 0 0 0 rg BT 414.82 489.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 419.20 489.75 Td (beneficial ) Tj ET Q
q 0 0 0 rg BT 462.35 489.75 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 507.85 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 518.35 489.75 Td (securities ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (representing ) Tj ET Q
q 0 0 0 rg BT 105.58 477.15 Td (50.1% ) Tj ET Q
q 0 0 0 rg BT 136.88 477.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 149.80 477.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 175.56 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 188.48 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 205.49 477.15 Td (combined ) Tj ET Q
q 0 0 0 rg BT 251.07 477.15 Td (voting ) Tj ET Q
q 0 0 0 rg BT 282.09 477.15 Td (power ) Tj ET Q
q 0 0 0 rg BT 312.51 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 325.43 477.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 343.61 477.15 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 396.79 477.15 Td (stock; ) Tj ET Q
q 0 0 0 rg BT 426.05 477.15 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 442.47 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.48 477.15 Td (closing ) Tj ET Q
q 0 0 0 rg BT 493.99 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 506.92 477.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 526.26 477.15 Td (mer) Tj ET Q
q 0 0 0 rg BT 542.39 477.15 Td (ger) Tj ET Q
q 0 0 0 rg BT 555.38 477.15 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 108.71 464.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 120.09 464.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 144.30 464.55 Td (reor) Tj ET Q
q 0 0 0 rg BT 161.02 464.55 Td (ganization ) Tj ET Q
q 0 0 0 rg BT 207.39 464.55 Td (involving ) Tj ET Q
q 0 0 0 rg BT 250.28 464.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 274.49 464.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 305.71 464.55 Td (whereby ) Tj ET Q
q 0 0 0 rg BT 344.49 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 359.95 464.55 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 415.67 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.05 464.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 451.26 464.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 482.48 464.55 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 537.60 464.55 Td (prior ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 60.14 451.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 81.85 451.95 Td (reor) Tj ET Q
q 0 0 0 rg BT 98.57 451.95 Td (ganization ) Tj ET Q
q 0 0 0 rg BT 144.77 451.95 Td (do ) Tj ET Q
q 0 0 0 rg BT 157.74 451.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 173.62 451.95 Td (hold, ) Tj ET Q
q 0 0 0 rg BT 197.39 451.95 Td (directly ) Tj ET Q
q 0 0 0 rg BT 231.92 451.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 243.14 451.95 Td (indirectly) Tj ET Q
q 0 0 0 rg BT 282.70 451.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 287.79 451.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 311.83 451.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 332.38 451.95 Td (50% ) Tj ET Q
q 0 0 0 rg BT 354.10 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 365.31 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.61 451.95 Td (combined ) Tj ET Q
q 0 0 0 rg BT 424.48 451.95 Td (voting ) Tj ET Q
q 0 0 0 rg BT 453.79 451.95 Td (power ) Tj ET Q
q 0 0 0 rg BT 482.50 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.71 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.01 451.95 Td (outstanding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 74.09 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 85.27 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 100.52 439.35 Td (successor ) Tj ET Q
q 0 0 0 rg BT 143.19 439.35 Td (entity ) Tj ET Q
q 0 0 0 rg BT 169.53 439.35 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 224.44 439.35 Td (following ) Tj ET Q
q 0 0 0 rg BT 267.70 439.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 289.38 439.35 Td (transaction; ) Tj ET Q
q 0 0 0 rg BT 340.79 439.35 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 355.46 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 370.72 439.35 Td (closing ) Tj ET Q
q 0 0 0 rg BT 403.48 439.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 414.65 439.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 432.24 439.35 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 480.73 439.35 Td (involving ) Tj ET Q
q 0 0 0 rg BT 523.42 439.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 530.50 439.35 Td (sale ) Tj ET Q
q 0 0 0 rg BT 549.26 439.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (assets ) Tj ET Q
q 0 0 0 rg BT 76.09 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 86.93 426.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 110.59 426.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 141.26 426.75 Td (that ) Tj ET Q
q 0 0 0 rg BT 159.10 426.75 Td (have ) Tj ET Q
q 0 0 0 rg BT 181.01 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 187.76 426.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 208.52 426.75 Td (gross ) Tj ET Q
q 0 0 0 rg BT 232.78 426.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 249.44 426.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 280.68 426.75 Td (value ) Tj ET Q
q 0 0 0 rg BT 305.51 426.75 Td (equal ) Tj ET Q
q 0 0 0 rg BT 330.34 426.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 340.60 426.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 351.43 426.75 Td (more ) Tj ET Q
q 0 0 0 rg BT 375.10 426.75 Td (than ) Tj ET Q
q 0 0 0 rg BT 395.27 426.75 Td (90% ) Tj ET Q
q 0 0 0 rg BT 416.60 426.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 427.44 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 442.36 426.75 Td (total ) Tj ET Q
q 0 0 0 rg BT 463.11 426.75 Td (gross ) Tj ET Q
q 0 0 0 rg BT 487.37 426.75 Td (fair ) Tj ET Q
q 0 0 0 rg BT 504.03 426.75 Td (market ) Tj ET Q
q 0 0 0 rg BT 535.28 426.75 Td (value ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.10 414.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 74.46 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 86.06 414.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 110.49 414.15 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 141.99 414.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 148.94 414.15 Td (assets; ) Tj ET Q
q 0 0 0 rg BT 179.21 414.15 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 194.31 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 209.99 414.15 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 249.60 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 261.20 414.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 279.22 414.15 Td (plan ) Tj ET Q
q 0 0 0 rg BT 300.15 414.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 311.76 414.15 Td (proposal ) Tj ET Q
q 0 0 0 rg BT 350.77 414.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 365.87 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 381.56 414.15 Td (liquidation ) Tj ET Q
q 0 0 0 rg BT 429.91 414.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 441.52 414.15 Td (dissolution ) Tj ET Q
q 0 0 0 rg BT 490.47 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 502.07 414.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 526.50 414.15 Td (Mason; ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 61.17 401.55 Td (\(5\) ) Tj ET Q
q 0 0 0 rg BT 76.33 401.55 Td (within ) Tj ET Q
q 0 0 0 rg BT 106.08 401.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 124.17 401.55 Td (12-month ) Tj ET Q
q 0 0 0 rg BT 167.92 401.55 Td (period, ) Tj ET Q
q 0 0 0 rg BT 200.29 401.55 Td (individuals ) Tj ET Q
q 0 0 0 rg BT 249.87 401.55 Td (who, ) Tj ET Q
q 0 0 0 rg BT 273.50 401.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 285.17 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 296.83 401.55 Td (May ) Tj ET Q
q 0 0 0 rg BT 319.00 401.55 Td (15 ) Tj ET Q
q 0 0 0 rg BT 332.42 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.09 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 359.84 401.55 Td (grant ) Tj ET Q
q 0 0 0 rg BT 384.33 401.55 Td (year) Tj ET Q
q 0 0 0 rg BT 401.98 401.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 407.52 401.55 Td (constitute ) Tj ET Q
q 0 0 0 rg BT 451.27 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 467.02 401.55 Td (Board ) Tj ET Q
q 0 0 0 rg BT 495.60 401.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 507.27 401.55 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 549.25 401.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 73.80 388.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 105.10 388.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 116.57 388.95 Td (who ) Tj ET Q
q 0 0 0 rg BT 137.38 388.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 152.92 388.95 Td (thereafter ) Tj ET Q
q 0 0 0 rg BT 195.86 388.95 Td (nominated ) Tj ET Q
q 0 0 0 rg BT 242.91 388.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 254.38 388.95 Td (directors ) Tj ET Q
q 0 0 0 rg BT 293.83 388.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 307.06 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 314.44 388.95 Td (majority ) Tj ET Q
q 0 0 0 rg BT 352.74 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 364.21 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.76 388.95 Td (Board ) Tj ET Q
q 0 0 0 rg BT 408.14 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 419.61 388.95 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 461.40 388.95 Td (cease ) Tj ET Q
q 0 0 0 rg BT 486.85 388.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 501.82 388.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 519.70 388.95 Td (reason ) Tj ET Q
q 0 0 0 rg BT 549.83 388.95 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (constitute ) Tj ET Q
q 0 0 0 rg BT 92.72 376.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 102.69 376.35 Td (least ) Tj ET Q
q 0 0 0 rg BT 124.33 376.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 131.38 376.35 Td (majority ) Tj ET Q
q 0 0 0 rg BT 169.35 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.49 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 195.71 376.35 Td (Board. ) Tj ET Q
q 0 0 0 rg BT 226.39 376.35 Td (Notwithstanding ) Tj ET Q
q 0 0 0 rg BT 298.78 376.35 Td (anything ) Tj ET Q
q 0 0 0 rg BT 337.92 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 348.48 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.71 376.35 Td (contrary) Tj ET Q
q 0 0 0 rg BT 398.01 376.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 403.02 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 413.58 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 428.81 376.35 Td (extent ) Tj ET Q
q 0 0 0 rg BT 456.85 376.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 474.99 376.35 Td (Section ) Tj ET Q
q 0 0 0 rg BT 508.88 376.35 Td (409A) Tj ET Q
q 0 0 0 rg BT 531.64 376.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 534.03 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 545.17 376.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (Code, ) Tj ET Q
q 0 0 0 rg BT 76.18 363.75 Td (applies ) Tj ET Q
q 0 0 0 rg BT 107.82 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 117.89 363.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 129.69 363.75 Td (award ) Tj ET Q
q 0 0 0 rg BT 157.24 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.88 363.75 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 208.84 363.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 232.90 363.75 Td (units, ) Tj ET Q
q 0 0 0 rg BT 257.84 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 272.57 363.75 Td (definition ) Tj ET Q
q 0 0 0 rg BT 315.29 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 325.93 363.75 Td (�change ) Tj ET Q
q 0 0 0 rg BT 362.22 363.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 372.28 363.75 Td (control� ) Tj ET Q
q 0 0 0 rg BT 408.58 363.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 418.64 363.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 433.37 363.75 Td (award ) Tj ET Q
q 0 0 0 rg BT 460.91 363.75 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 506.53 363.75 Td (shall ) Tj ET Q
q 0 0 0 rg BT 528.26 363.75 Td (control ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.64 351.15 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 104.87 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 116.52 351.15 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 149.75 351.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 162.56 351.15 Td (award, ) Tj ET Q
q 0 0 0 rg BT 193.73 351.15 Td (but ) Tj ET Q
q 0 0 0 rg BT 210.05 351.15 Td (shall ) Tj ET Q
q 0 0 0 rg BT 232.78 351.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 249.10 351.15 Td (trigger ) Tj ET Q
q 0 0 0 rg BT 279.99 351.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 287.55 351.15 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 338.87 351.15 Td (unless ) Tj ET Q
q 0 0 0 rg BT 368.02 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.75 351.15 Td (event ) Tj ET Q
q 0 0 0 rg BT 409.38 351.15 Td (also ) Tj ET Q
q 0 0 0 rg BT 429.20 351.15 Td (constitutes ) Tj ET Q
q 0 0 0 rg BT 477.01 351.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 484.57 351.15 Td (change ) Tj ET Q
q 0 0 0 rg BT 517.20 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 528.27 351.15 Td (control ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (within ) Tj ET Q
q 0 0 0 rg BT 78.96 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 94.41 338.55 Td (meaning ) Tj ET Q
q 0 0 0 rg BT 133.19 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 144.57 338.55 Td (Section ) Tj ET Q
q 0 0 0 rg BT 178.69 338.55 Td (409A\(a\)\(2\)\(A\)\(v\) ) Tj ET Q
q 0 0 0 rg BT 255.36 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 266.73 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 282.19 338.55 Td (Code.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 110.43 313.35 Td (Shar) Tj ET Q
q 0 0 0 rg BT 131.83 313.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 139.11 313.35 Td (Units) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (For ) Tj ET Q
q 0 0 0 rg BT 65.59 300.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 71.75 300.75 Td (description ) Tj ET Q
q 0 0 0 rg BT 119.91 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.16 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 144.50 300.75 Td (treatment ) Tj ET Q
q 0 0 0 rg BT 185.65 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.90 300.75 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 234.73 300.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 289.28 300.75 Td (share ) Tj ET Q
q 0 0 0 rg BT 312.94 300.75 Td (units ) Tj ET Q
q 0 0 0 rg BT 334.86 300.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 360.27 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.60 300.75 Td (Mer) Tj ET Q
q 0 0 0 rg BT 391.91 300.75 Td (ger ) Tj ET Q
q 0 0 0 rg BT 406.49 300.75 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 457.26 300.75 Td (please ) Tj ET Q
q 0 0 0 rg BT 485.00 300.75 Td (see ) Tj ET Q
q 0 0 0 rg BT 499.91 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.24 300.75 Td (discussion ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (below ) Tj ET Q
q 0 0 0 rg BT 77.88 288.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 104.51 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 120.05 288.15 Td (caption ) Tj ET Q
q 0 0 0 rg BT 153.68 288.15 Td (�Ef) Tj ET Q
q 0 0 0 rg BT 168.06 288.15 Td (fect ) Tj ET Q
q 0 0 0 rg BT 186.51 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.98 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 213.53 288.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 230.83 288.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 246.36 288.15 Td (Agreement.� ) Tj ET Q
q 0 0 0 rg BT 303.01 288.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 305.53 288.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 324.57 288.15 Td (description ) Tj ET Q
q 0 0 0 rg BT 373.95 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.41 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 400.96 288.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 427.01 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 438.47 288.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 494.24 288.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 519.11 288.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 542.25 288.15 Td (that ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (follows ) Tj ET Q
q 0 0 0 rg BT 83.46 275.55 Td (here ) Tj ET Q
q 0 0 0 rg BT 103.99 275.55 Td (covers ) Tj ET Q
q 0 0 0 rg BT 133.85 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 149.14 275.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 174.92 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 186.13 275.55 Td (award ) Tj ET Q
q 0 0 0 rg BT 214.24 275.55 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 264.51 275.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 279.21 275.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 300.91 275.55 Td (units. ) Tj ET Q
q 0 0 0 rg BT 326.42 275.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 328.88 275.55 Td (Performance ) Tj ET Q
q 0 0 0 rg BT 384.97 275.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 409.59 275.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 432.47 275.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 447.74 275.55 Td (designed ) Tj ET Q
q 0 0 0 rg BT 487.53 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 498.15 275.55 Td (vest ) Tj ET Q
q 0 0 0 rg BT 517.53 275.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 527.56 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 542.85 275.55 Td (end ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 62.40 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 71.21 262.95 Td (three ) Tj ET Q
q 0 0 0 rg BT 96.35 262.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 118.57 262.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 175.77 262.95 Td (period, ) Tj ET Q
q 0 0 0 rg BT 209.37 262.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 219.93 262.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 231.66 262.95 Td (all, ) Tj ET Q
q 0 0 0 rg BT 248.94 262.95 Td (subject ) Tj ET Q
q 0 0 0 rg BT 282.83 262.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 295.15 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 312.13 262.95 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 364.10 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 377.00 262.95 Td (defined ) Tj ET Q
q 0 0 0 rg BT 412.63 262.95 Td (relative ) Tj ET Q
q 0 0 0 rg BT 448.27 262.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 505.47 262.95 Td (criteria. ) Tj ET Q
q 0 0 0 rg BT 541.67 262.95 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 112.85 250.35 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 162.20 250.35 Td (has ) Tj ET Q
q 0 0 0 rg BT 178.88 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 194.39 250.35 Td (discretion ) Tj ET Q
q 0 0 0 rg BT 238.48 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 249.34 250.35 Td (reduce ) Tj ET Q
q 0 0 0 rg BT 280.00 250.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 287.34 250.35 Td (payout. ) Tj ET Q
q 0 0 0 rg BT 320.64 250.35 Td (A) Tj ET Q
q 0 0 0 rg BT 327.64 250.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 330.33 250.35 Td (pro ) Tj ET Q
q 0 0 0 rg BT 347.01 250.35 Td (rata ) Tj ET Q
q 0 0 0 rg BT 365.43 250.35 Td (portion ) Tj ET Q
q 0 0 0 rg BT 398.45 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 409.88 250.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 465.61 250.35 Td (share ) Tj ET Q
q 0 0 0 rg BT 490.45 250.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 513.56 250.35 Td (issued ) Tj ET Q
q 0 0 0 rg BT 542.50 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 553.35 250.35 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 79.65 237.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 122.04 237.75 Td (of) Tj ET Q
q 0 0 0 rg BT 130.60 237.75 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 151.99 237.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 170.49 237.75 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 229.80 237.75 Td (vest ) Tj ET Q
q 0 0 0 rg BT 248.88 237.75 Td (upon ) Tj ET Q
q 0 0 0 rg BT 272.04 237.75 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 286.44 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.43 237.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 331.58 237.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 373.97 237.75 Td (of) Tj ET Q
q 0 0 0 rg BT 382.53 237.75 Td (ficer) Tj ET Q
q 0 0 0 rg BT 402.15 237.75 Td (�) Tj ET Q
q 0 0 0 rg BT 405.07 237.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 411.32 237.75 Td (death; ) Tj ET Q
q 0 0 0 rg BT 439.14 237.75 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 453.54 237.75 Td (termination ) Tj ET Q
q 0 0 0 rg BT 504.11 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.02 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 530.01 237.75 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 92.10 225.15 Td (of) Tj ET Q
q 0 0 0 rg BT 100.65 225.15 Td (ficer) Tj ET Q
q 0 0 0 rg BT 120.27 225.15 Td (�) Tj ET Q
q 0 0 0 rg BT 123.19 225.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 129.65 225.15 Td (employment ) Tj ET Q
q 0 0 0 rg BT 184.51 225.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 202.04 225.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 212.57 225.15 Td (disability; ) Tj ET Q
q 0 0 0 rg BT 256.94 225.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 268.06 225.15 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 282.67 225.15 Td (termination ) Tj ET Q
q 0 0 0 rg BT 333.44 225.15 Td (following ) Tj ET Q
q 0 0 0 rg BT 376.65 225.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 383.67 225.15 Td (change ) Tj ET Q
q 0 0 0 rg BT 415.77 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 426.89 225.15 Td (control ) Tj ET Q
q 0 0 0 rg BT 459.00 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 470.12 225.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 494.06 225.15 Td (Mason. ) Tj ET Q
q 0 0 0 rg BT 527.64 225.15 Td (See ) Tj ET Q
q 0 0 0 rg BT 545.17 225.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (definition ) Tj ET Q
q 0 0 0 rg BT 92.38 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 103.18 212.55 Td (�change ) Tj ET Q
q 0 0 0 rg BT 139.62 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 150.42 212.55 Td (control� ) Tj ET Q
q 0 0 0 rg BT 186.87 212.55 Td (above ) Tj ET Q
q 0 0 0 rg BT 213.99 212.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 239.95 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.83 212.55 Td (caption ) Tj ET Q
q 0 0 0 rg BT 287.79 212.55 Td (�Restricted ) Tj ET Q
q 0 0 0 rg BT 337.07 212.55 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 363.04 212.55 Td (Units.� ) Tj ET Q
q 0 0 0 rg BT 394.67 212.55 Td (A) Tj ET Q
q 0 0 0 rg BT 401.68 212.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 403.73 212.55 Td (pro ) Tj ET Q
q 0 0 0 rg BT 419.78 212.55 Td (rata ) Tj ET Q
q 0 0 0 rg BT 437.56 212.55 Td (portion ) Tj ET Q
q 0 0 0 rg BT 469.94 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 480.74 212.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 535.84 212.55 Td (share ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 72.62 199.95 Td (issued ) Tj ET Q
q 0 0 0 rg BT 101.58 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 112.45 199.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 119.81 199.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 150.50 199.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 193.43 199.95 Td (of) Tj ET Q
q 0 0 0 rg BT 201.99 199.95 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 223.92 199.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 242.96 199.95 Td (vest ) Tj ET Q
q 0 0 0 rg BT 262.58 199.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 286.28 199.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 293.64 199.95 Td (termination ) Tj ET Q
q 0 0 0 rg BT 344.75 199.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 363.20 199.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 372.90 199.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 389.02 199.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 403.97 199.95 Td (cause ) Tj ET Q
q 0 0 0 rg BT 429.99 199.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 440.86 199.95 Td (connection ) Tj ET Q
q 0 0 0 rg BT 489.63 199.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 511.00 199.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 518.36 199.95 Td (reduction ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.58 187.35 Td (workforce. ) Tj ET Q
q 0 0 0 rg BT 107.27 187.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 117.94 187.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 139.10 187.35 Td (case, ) Tj ET Q
q 0 0 0 rg BT 161.71 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.46 187.35 Td (payout ) Tj ET Q
q 0 0 0 rg BT 206.95 187.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 225.21 187.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 237.03 187.35 Td (made ) Tj ET Q
q 0 0 0 rg BT 261.69 187.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 271.19 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 285.93 187.35 Td (end ) Tj ET Q
q 0 0 0 rg BT 303.01 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 313.67 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 328.42 187.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 383.39 187.35 Td (period, ) Tj ET Q
q 0 0 0 rg BT 414.75 187.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 424.25 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 438.99 187.35 Td (lesser ) Tj ET Q
q 0 0 0 rg BT 464.82 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 475.48 187.35 Td (tar) Tj ET Q
q 0 0 0 rg BT 486.37 187.35 Td (get ) Tj ET Q
q 0 0 0 rg BT 501.11 187.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 511.78 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 526.52 187.35 Td (amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 99.63 174.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 126.45 174.75 Td (upon ) Tj ET Q
q 0 0 0 rg BT 150.35 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.08 174.75 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 216.80 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 228.45 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 244.19 174.75 Td (relative ) Tj ET Q
q 0 0 0 rg BT 278.57 174.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 334.52 174.75 Td (criteria ) Tj ET Q
q 0 0 0 rg BT 367.15 174.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 377.64 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 393.37 174.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 411.43 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 423.08 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 438.81 174.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 494.77 174.75 Td (period. ) Tj ET Q
q 0 0 0 rg BT 527.12 174.75 Td (See ) Tj ET Q
q 0 0 0 rg BT 545.18 174.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (definition ) Tj ET Q
q 0 0 0 rg BT 93.08 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 104.58 162.15 Td (�cause� ) Tj ET Q
q 0 0 0 rg BT 139.97 162.15 Td (above ) Tj ET Q
q 0 0 0 rg BT 167.80 162.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 194.46 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 210.04 162.15 Td (caption ) Tj ET Q
q 0 0 0 rg BT 243.70 162.15 Td (�Stock ) Tj ET Q
q 0 0 0 rg BT 275.03 162.15 Td (Options.� ) Tj ET Q
q 0 0 0 rg BT 318.33 162.15 Td (Subject ) Tj ET Q
q 0 0 0 rg BT 352.58 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 363.50 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 379.08 162.15 Td (exceptions ) Tj ET Q
q 0 0 0 rg BT 426.73 162.15 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 469.74 162.15 Td (herein, ) Tj ET Q
q 0 0 0 rg BT 501.35 162.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 512.27 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.85 162.15 Td (event ) Tj ET Q
q 0 0 0 rg BT 553.34 162.15 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (named ) Tj ET Q
q 0 0 0 rg BT 81.83 149.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 126.41 149.55 Td (of) Tj ET Q
q 0 0 0 rg BT 134.96 149.55 Td (ficer) Tj ET Q
q 0 0 0 rg BT 154.59 149.55 Td (�) Tj ET Q
q 0 0 0 rg BT 157.50 149.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 165.93 149.55 Td (employment ) Tj ET Q
q 0 0 0 rg BT 222.77 149.55 Td (ends ) Tj ET Q
q 0 0 0 rg BT 246.36 149.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 262.95 149.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 282.46 149.55 Td (reason ) Tj ET Q
q 0 0 0 rg BT 314.21 149.55 Td (before ) Tj ET Q
q 0 0 0 rg BT 345.37 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 362.54 149.55 Td (end ) Tj ET Q
q 0 0 0 rg BT 382.05 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 395.14 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 412.31 149.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 469.71 149.55 Td (period, ) Tj ET Q
q 0 0 0 rg BT 503.50 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 520.67 149.55 Td (unvested ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 105.11 136.95 Td (share ) Tj ET Q
q 0 0 0 rg BT 129.82 136.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 152.80 136.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 171.70 136.95 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 231.41 136.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 243.88 136.95 Td (forfeited. ) Tj ET Q
q 0 0 0 rg BT 285.21 136.95 Td (If ) Tj ET Q
q 0 0 0 rg BT 294.76 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 310.15 136.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 340.70 136.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 383.48 136.95 Td (of) Tj ET Q
q 0 0 0 rg BT 392.04 136.95 Td (ficer) Tj ET Q
q 0 0 0 rg BT 411.66 136.95 Td (�) Tj ET Q
q 0 0 0 rg BT 414.58 136.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 421.23 136.95 Td (employment ) Tj ET Q
q 0 0 0 rg BT 476.28 136.95 Td (ends ) Tj ET Q
q 0 0 0 rg BT 498.08 136.95 Td (before ) Tj ET Q
q 0 0 0 rg BT 527.46 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 542.84 136.95 Td (end ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.95 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.48 124.35 Td (performance ) Tj ET Q
q 0 0 0 rg BT 132.23 124.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 161.76 124.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 174.96 124.35 Td (reason ) Tj ET Q
q 0 0 0 rg BT 205.07 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.52 124.35 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 265.00 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 280.53 124.35 Td (entire ) Tj ET Q
q 0 0 0 rg BT 307.13 124.35 Td (value ) Tj ET Q
q 0 0 0 rg BT 332.57 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.02 124.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 356.64 124.35 Td (earned ) Tj ET Q
q 0 0 0 rg BT 387.32 124.35 Td (award ) Tj ET Q
q 0 0 0 rg BT 415.67 124.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 434.71 124.35 Td (vest ) Tj ET Q
q 0 0 0 rg BT 454.33 124.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 472.19 124.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 484.81 124.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 505.59 124.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 515.87 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.40 124.35 Td (end ) Tj ET Q
q 0 0 0 rg BT 549.26 124.35 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.15 111.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 119.02 111.75 Td (period, ) Tj ET Q
q 0 0 0 rg BT 150.30 111.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 158.53 111.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 165.02 111.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 194.83 111.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 236.88 111.75 Td (of) Tj ET Q
q 0 0 0 rg BT 245.44 111.75 Td (ficer) Tj ET Q
q 0 0 0 rg BT 265.06 111.75 Td (�) Tj ET Q
q 0 0 0 rg BT 267.97 111.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 273.88 111.75 Td (employment ) Tj ET Q
q 0 0 0 rg BT 328.20 111.75 Td (ends ) Tj ET Q
q 0 0 0 rg BT 349.27 111.75 Td (before ) Tj ET Q
q 0 0 0 rg BT 377.90 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 392.56 111.75 Td (end ) Tj ET Q
q 0 0 0 rg BT 409.54 111.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 420.11 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 434.76 111.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 489.63 111.75 Td (period ) Tj ET Q
q 0 0 0 rg BT 518.28 111.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 530.60 111.75 Td (reason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.61 99.15 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 106.11 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 123.63 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.82 99.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 169.17 99.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 211.76 99.15 Td (of) Tj ET Q
q 0 0 0 rg BT 220.31 99.15 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 241.90 99.15 Td (continues ) Tj ET Q
q 0 0 0 rg BT 284.51 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 295.03 99.15 Td (meet ) Tj ET Q
q 0 0 0 rg BT 317.80 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 332.99 99.15 Td (definition ) Tj ET Q
q 0 0 0 rg BT 376.18 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 387.28 99.15 Td (retirement. ) Tj ET Q
q 0 0 0 rg BT 435.41 99.15 Td (In ) Tj ET Q
q 0 0 0 rg BT 446.52 99.15 Td (order ) Tj ET Q
q 0 0 0 rg BT 471.03 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 481.56 99.15 Td (retire ) Tj ET Q
q 0 0 0 rg BT 506.07 99.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 520.67 99.15 Td (purposes ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.56 86.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 76.88 86.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 132.24 86.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 156.71 86.55 Td (unit ) Tj ET Q
q 0 0 0 rg BT 175.36 86.55 Td (grants, ) Tj ET Q
q 0 0 0 rg BT 205.96 86.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 212.94 86.55 Td (named ) Tj ET Q
q 0 0 0 rg BT 243.25 86.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 285.79 86.55 Td (of) Tj ET Q
q 0 0 0 rg BT 294.35 86.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 315.89 86.55 Td (must ) Tj ET Q
q 0 0 0 rg BT 338.63 86.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 350.86 86.55 Td (at ) Tj ET Q
q 0 0 0 rg BT 360.75 86.55 Td (least ) Tj ET Q
q 0 0 0 rg BT 382.31 86.55 Td (62 ) Tj ET Q
q 0 0 0 rg BT 395.13 86.55 Td (years ) Tj ET Q
q 0 0 0 rg BT 419.60 86.55 Td (old ) Tj ET Q
q 0 0 0 rg BT 435.33 86.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 452.81 86.55 Td (may ) Tj ET Q
q 0 0 0 rg BT 473.20 86.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 488.93 86.55 Td (represent, ) Tj ET Q
q 0 0 0 rg BT 532.35 86.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 542.84 86.55 Td (any ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (capacity ) Tj ET Q
q 0 0 0 rg BT 87.06 73.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 111.22 73.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 131.88 73.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 143.20 73.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 155.70 73.95 Td (independent ) Tj ET Q
q 0 0 0 rg BT 209.59 73.95 Td (director) Tj ET Q
q 0 0 0 rg BT 241.82 73.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 247.03 73.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 264.77 73.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 304.08 73.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 340.48 73.95 Td (company ) Tj ET Q
q 0 0 0 rg BT 381.56 73.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 399.88 73.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 415.29 73.95 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 464.54 73.95 Td (deems ) Tj ET Q
q 0 0 0 rg BT 493.94 73.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 501.18 73.95 Td (competitor ) Tj ET Q
q 0 0 0 rg BT 549.25 73.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 72.90 61.35 Td (Mason. ) Tj ET Q
q 0 0 0 rg BT 105.94 61.35 Td (If ) Tj ET Q
q 0 0 0 rg BT 114.76 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.41 61.35 Td (named ) Tj ET Q
q 0 0 0 rg BT 159.23 61.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 201.28 61.35 Td (of) Tj ET Q
q 0 0 0 rg BT 209.84 61.35 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 230.90 61.35 Td (does ) Tj ET Q
q 0 0 0 rg BT 251.97 61.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 267.21 61.35 Td (engage ) Tj ET Q
q 0 0 0 rg BT 298.77 61.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 308.77 61.35 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 360.16 61.35 Td (activity) Tj ET Q
q 0 0 0 rg BT 390.97 61.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 395.42 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 410.08 61.35 Td (number ) Tj ET Q
q 0 0 0 rg BT 443.98 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 454.55 61.35 Td (shares ) Tj ET Q
q 0 0 0 rg BT 482.62 61.35 Td (issuable ) Tj ET Q
q 0 0 0 rg BT 518.28 61.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 528.27 61.35 Td (respect ) Tj ET Q
endstream
endobj
363 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 364 0 R>>
endobj
364 0 obj
<</Length 50385>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (179) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.71 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.99 741.75 Td (vested ) Tj ET Q
q 0 0 0 rg BT 105.28 741.75 Td (pro ) Tj ET Q
q 0 0 0 rg BT 121.73 741.75 Td (rata ) Tj ET Q
q 0 0 0 rg BT 139.92 741.75 Td (portion ) Tj ET Q
q 0 0 0 rg BT 172.71 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 183.92 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.21 741.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 226.73 741.75 Td (award ) Tj ET Q
q 0 0 0 rg BT 254.84 741.75 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 269.54 741.75 Td (determined ) Tj ET Q
q 0 0 0 rg BT 319.23 741.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 345.60 741.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 358.56 741.75 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 408.84 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 420.04 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 435.33 741.75 Td (relative ) Tj ET Q
q 0 0 0 rg BT 469.27 741.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 524.78 741.75 Td (criteria\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 68.46 729.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 81.00 729.15 Td (paid ) Tj ET Q
q 0 0 0 rg BT 101.70 729.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 111.90 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 127.36 729.15 Td (end ) Tj ET Q
q 0 0 0 rg BT 145.14 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 156.51 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 171.97 729.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 227.64 729.15 Td (period ) Tj ET Q
q 0 0 0 rg BT 257.09 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 274.88 729.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 292.66 729.15 Td (remaining ) Tj ET Q
q 0 0 0 rg BT 337.86 729.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 393.53 729.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 418.31 729.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 441.36 729.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 460.32 729.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 472.85 729.15 Td (forfeited.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (Deferr) Tj ET Q
q 0 0 0 rg BT 79.03 703.95 Td (ed ) Tj ET Q
q 0 0 0 rg BT 92.16 703.95 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 117.54 703.95 Td (Units) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (Unvested ) Tj ET Q
q 0 0 0 rg BT 91.69 691.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 129.19 691.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 150.38 691.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 173.33 691.35 Td (issued ) Tj ET Q
q 0 0 0 rg BT 202.12 691.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 212.81 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 220.01 691.35 Td (named ) Tj ET Q
q 0 0 0 rg BT 250.53 691.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 293.29 691.35 Td (of) Tj ET Q
q 0 0 0 rg BT 301.84 691.35 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 323.61 691.35 Td (employed ) Tj ET Q
q 0 0 0 rg BT 367.54 691.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 380.57 691.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 404.68 691.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 435.80 691.35 Td (at ) Tj ET Q
q 0 0 0 rg BT 445.90 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 461.26 691.35 Td (end ) Tj ET Q
q 0 0 0 rg BT 478.96 691.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 490.23 691.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 515.50 691.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 539.04 691.35 Td (will, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (under ) Tj ET Q
q 0 0 0 rg BT 74.97 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 89.36 678.75 Td (terms ) Tj ET Q
q 0 0 0 rg BT 114.25 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 124.55 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.94 678.75 Td (award ) Tj ET Q
q 0 0 0 rg BT 166.16 678.75 Td (agreements, ) Tj ET Q
q 0 0 0 rg BT 218.15 678.75 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 276.86 678.75 Td (vest ) Tj ET Q
q 0 0 0 rg BT 295.34 678.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 312.06 678.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 332.28 678.75 Td (represented ) Tj ET Q
q 0 0 0 rg BT 382.23 678.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 394.29 678.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 415.10 678.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 432.99 678.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 444.46 678.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 464.10 678.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 473.83 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 488.22 678.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 517.77 678.75 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 666.15 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 79.97 666.15 Td (upon ) Tj ET Q
q 0 0 0 rg BT 103.65 666.15 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 118.58 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.09 666.15 Td (completion ) Tj ET Q
q 0 0 0 rg BT 184.01 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.44 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 210.95 666.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 228.26 666.15 Td (ger; ) Tj ET Q
q 0 0 0 rg BT 247.27 666.15 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 262.19 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 277.70 666.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 308.37 666.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 351.28 666.15 Td (of) Tj ET Q
q 0 0 0 rg BT 359.84 666.15 Td (ficer) Tj ET Q
q 0 0 0 rg BT 379.46 666.15 Td (�) Tj ET Q
q 0 0 0 rg BT 382.38 666.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 389.15 666.15 Td (death; ) Tj ET Q
q 0 0 0 rg BT 417.49 666.15 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 432.41 666.15 Td (separation ) Tj ET Q
q 0 0 0 rg BT 478.25 666.15 Td (from ) Tj ET Q
q 0 0 0 rg BT 501.34 666.15 Td (service ) Tj ET Q
q 0 0 0 rg BT 533.75 666.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 545.18 666.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (named ) Tj ET Q
q 0 0 0 rg BT 79.53 653.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 121.79 653.55 Td (of) Tj ET Q
q 0 0 0 rg BT 130.35 653.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 151.62 653.55 Td (due ) Tj ET Q
q 0 0 0 rg BT 168.81 653.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 179.02 653.55 Td (disability; ) Tj ET Q
q 0 0 0 rg BT 223.06 653.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 233.84 653.55 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 248.12 653.55 Td (separation ) Tj ET Q
q 0 0 0 rg BT 293.30 653.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 315.75 653.55 Td (service ) Tj ET Q
q 0 0 0 rg BT 347.52 653.55 Td (following ) Tj ET Q
q 0 0 0 rg BT 390.39 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 397.09 653.55 Td (change ) Tj ET Q
q 0 0 0 rg BT 428.86 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.64 653.55 Td (control ) Tj ET Q
q 0 0 0 rg BT 471.42 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 482.20 653.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 505.81 653.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 536.43 653.55 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 69.93 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 85.11 640.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 102.42 640.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 118.18 640.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 129.28 640.95 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 171.88 640.95 Td (below) Tj ET Q
q 0 0 0 rg BT 196.86 640.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 201.84 640.95 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 225.19 640.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 243.88 640.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 256.15 640.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 276.58 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 287.10 640.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 294.11 640.95 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 315.14 640.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 345.48 640.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 388.06 640.95 Td (of) Tj ET Q
q 0 0 0 rg BT 396.62 640.95 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 418.20 640.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 428.73 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 443.91 640.95 Td (amount ) Tj ET Q
q 0 0 0 rg BT 477.76 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 488.86 640.95 Td ($1.00 ) Tj ET Q
q 0 0 0 rg BT 514.83 640.95 Td (multiplied ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.86 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.54 628.35 Td (number ) Tj ET Q
q 0 0 0 rg BT 113.47 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 125.08 628.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 162.91 628.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 184.42 628.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 207.70 628.35 Td (held ) Tj ET Q
q 0 0 0 rg BT 228.63 628.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 241.99 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 257.68 628.35 Td (named ) Tj ET Q
q 0 0 0 rg BT 288.52 628.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 331.61 628.35 Td (of) Tj ET Q
q 0 0 0 rg BT 340.16 628.35 Td (ficer) Tj ET Q
q 0 0 0 rg BT 358.82 628.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 364.30 628.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.15 628.35 Td (Cash ) Tj ET Q
q 0 0 0 rg BT 391.01 628.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 410.20 628.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 422.97 628.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 443.91 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 454.93 628.35 Td (Mr) Tj ET Q
q 0 0 0 rg BT 467.19 628.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 472.67 628.35 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 512.57 628.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 520.09 628.35 Td (non-U.S. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 81.07 615.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 124.88 615.75 Td (of) Tj ET Q
q 0 0 0 rg BT 133.44 615.75 Td (ficer) Tj ET Q
q 0 0 0 rg BT 152.25 615.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 158.45 615.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 170.20 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 186.61 615.75 Td (amount ) Tj ET Q
q 0 0 0 rg BT 221.69 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.02 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.42 615.75 Td (US ) Tj ET Q
q 0 0 0 rg BT 267.43 615.75 Td (Dollar ) Tj ET Q
q 0 0 0 rg BT 297.83 615.75 Td (Equivalent ) Tj ET Q
q 0 0 0 rg BT 346.90 615.75 Td (\(defined ) Tj ET Q
q 0 0 0 rg BT 385.47 615.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 397.79 615.75 Td (follows\) ) Tj ET Q
q 0 0 0 rg BT 436.37 615.75 Td (multiplied ) Tj ET Q
q 0 0 0 rg BT 483.12 615.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 497.20 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 513.61 615.75 Td (number ) Tj ET Q
q 0 0 0 rg BT 549.27 615.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 86.59 603.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 107.36 603.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 129.90 603.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 150.09 603.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 162.71 603.15 Td (him. ) Tj ET Q
q 0 0 0 rg BT 183.63 603.15 Td (The ) Tj ET Q
q 0 0 0 rg BT 202.07 603.15 Td (�US ) Tj ET Q
q 0 0 0 rg BT 222.27 603.15 Td (Dollar ) Tj ET Q
q 0 0 0 rg BT 251.22 603.15 Td (Equivalent� ) Tj ET Q
q 0 0 0 rg BT 303.48 603.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 312.60 603.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 324.63 603.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 358.24 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 368.52 603.15 Td (GBP) Tj ET Q
q 0 0 0 rg BT 387.78 603.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 392.53 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 407.47 603.15 Td (currency ) Tj ET Q
q 0 0 0 rg BT 446.31 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 456.60 603.15 Td (which ) Tj ET Q
q 0 0 0 rg BT 484.37 603.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 508.06 603.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 538.76 603.15 Td (pays ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (Mr) Tj ET Q
q 0 0 0 rg BT 61.75 590.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 67.08 590.55 Td (Johnson�) Tj ET Q
q 0 0 0 rg BT 104.42 590.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 111.22 590.55 Td (base ) Tj ET Q
q 0 0 0 rg BT 132.58 590.55 Td (compensation, ) Tj ET Q
q 0 0 0 rg BT 196.23 590.55 Td (determined ) Tj ET Q
q 0 0 0 rg BT 246.17 590.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 259.37 590.55 Td (multiplying ) Tj ET Q
q 0 0 0 rg BT 311.08 590.55 Td (one ) Tj ET Q
q 0 0 0 rg BT 328.95 590.55 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 343.90 590.55 Td (United ) Tj ET Q
q 0 0 0 rg BT 375.18 590.55 Td (States ) Tj ET Q
q 0 0 0 rg BT 402.97 590.55 Td (Dollar ) Tj ET Q
q 0 0 0 rg BT 432.50 590.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 445.71 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 461.24 590.55 Td (United ) Tj ET Q
q 0 0 0 rg BT 492.53 590.55 Td (States ) Tj ET Q
q 0 0 0 rg BT 520.31 590.55 Td (Dollar ) Tj ET Q
q 0 0 0 rg BT 549.84 590.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (GBP) Tj ET Q
q 0 0 0 rg BT 69.54 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 72.06 577.95 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 114.22 577.95 Td (rate ) Tj ET Q
q 0 0 0 rg BT 132.47 577.95 Td (quoted ) Tj ET Q
q 0 0 0 rg BT 163.57 577.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 176.59 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 191.94 577.95 Td (Reuters ) Tj ET Q
q 0 0 0 rg BT 226.35 577.95 Td (W) Tj ET Q
q 0 0 0 rg BT 235.42 577.95 Td (orld ) Tj ET Q
q 0 0 0 rg BT 254.86 577.95 Td (Currency ) Tj ET Q
q 0 0 0 rg BT 296.45 577.95 Td (Page ) Tj ET Q
q 0 0 0 rg BT 319.38 577.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 334.14 577.95 Td (GBP) Tj ET Q
q 0 0 0 rg BT 354.18 577.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 356.70 577.95 Td (at ) Tj ET Q
q 0 0 0 rg BT 366.79 577.95 Td (1) Tj ET Q
q 0 0 0 rg BT 371.66 577.95 Td (1:00 ) Tj ET Q
q 0 0 0 rg BT 392.84 577.95 Td (a.m. ) Tj ET Q
q 0 0 0 rg BT 413.44 577.95 Td (\(London ) Tj ET Q
q 0 0 0 rg BT 452.12 577.95 Td (time\) ) Tj ET Q
q 0 0 0 rg BT 476.80 577.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 489.82 577.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 505.17 577.95 Td (date ) Tj ET Q
q 0 0 0 rg BT 525.18 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 536.44 577.95 Td (grant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.78 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.14 565.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 113.64 565.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 134.83 565.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 157.79 565.35 Td (\(or) Tj ET Q
q 0 0 0 rg BT 169.61 565.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 174.77 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 185.47 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 200.83 565.35 Td (event ) Tj ET Q
q 0 0 0 rg BT 226.10 565.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 247.88 565.35 Td (rate ) Tj ET Q
q 0 0 0 rg BT 266.15 565.35 Td (does ) Tj ET Q
q 0 0 0 rg BT 287.93 565.35 Td (not ) Tj ET Q
q 0 0 0 rg BT 303.88 565.35 Td (appear ) Tj ET Q
q 0 0 0 rg BT 334.39 565.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 347.42 565.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 365.12 565.35 Td (Reuters ) Tj ET Q
q 0 0 0 rg BT 399.54 565.35 Td (W) Tj ET Q
q 0 0 0 rg BT 408.61 565.35 Td (orld ) Tj ET Q
q 0 0 0 rg BT 428.06 565.35 Td (Currency ) Tj ET Q
q 0 0 0 rg BT 469.66 565.35 Td (Page, ) Tj ET Q
q 0 0 0 rg BT 495.23 565.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 508.26 565.35 Td (reference ) Tj ET Q
q 0 0 0 rg BT 549.84 565.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 71.12 552.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 95.06 552.75 Td (publicly ) Tj ET Q
q 0 0 0 rg BT 131.84 552.75 Td (available ) Tj ET Q
q 0 0 0 rg BT 172.10 552.75 Td (service ) Tj ET Q
q 0 0 0 rg BT 204.21 552.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 218.82 552.75 Td (displaying ) Tj ET Q
q 0 0 0 rg BT 264.94 552.75 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 306.95 552.75 Td (rates ) Tj ET Q
q 0 0 0 rg BT 329.14 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 340.25 552.75 Td (may ) Tj ET Q
q 0 0 0 rg BT 360.70 552.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 372.98 552.75 Td (designated ) Tj ET Q
q 0 0 0 rg BT 420.25 552.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 433.12 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.32 552.75 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 511.35 552.75 Td (Committee ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.87 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 76.32 540.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 100.52 540.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 131.73 540.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 160.02 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 171.39 540.15 Td (Directors.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (If ) Tj ET Q
q 0 0 0 rg BT 58.98 514.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 66.12 514.95 Td (named ) Tj ET Q
q 0 0 0 rg BT 96.59 514.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 139.30 514.95 Td (of) Tj ET Q
q 0 0 0 rg BT 147.86 514.95 Td (ficer) Tj ET Q
q 0 0 0 rg BT 167.48 514.95 Td (�) Tj ET Q
q 0 0 0 rg BT 170.40 514.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 176.97 514.95 Td (employment ) Tj ET Q
q 0 0 0 rg BT 231.94 514.95 Td (terminates ) Tj ET Q
q 0 0 0 rg BT 278.16 514.95 Td (due ) Tj ET Q
q 0 0 0 rg BT 295.80 514.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 306.45 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 321.76 514.95 Td (elimination ) Tj ET Q
q 0 0 0 rg BT 372.07 514.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 383.30 514.95 Td (his ) Tj ET Q
q 0 0 0 rg BT 398.04 514.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 409.27 514.95 Td (her ) Tj ET Q
q 0 0 0 rg BT 425.16 514.95 Td (employment ) Tj ET Q
q 0 0 0 rg BT 480.13 514.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 490.78 514.95 Td (connection ) Tj ET Q
q 0 0 0 rg BT 539.33 514.95 Td (with ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 56.63 502.35 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 98.75 502.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 109.39 502.35 Td (workforce ) Tj ET Q
q 0 0 0 rg BT 155.00 502.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 172.63 502.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 194.35 502.35 Td (termination ) Tj ET Q
q 0 0 0 rg BT 245.23 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 256.44 502.35 Td (employment ) Tj ET Q
q 0 0 0 rg BT 311.40 502.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 320.88 502.35 Td (without ) Tj ET Q
q 0 0 0 rg BT 355.43 502.35 Td (�cause�, ) Tj ET Q
q 0 0 0 rg BT 393.17 502.35 Td (then, ) Tj ET Q
q 0 0 0 rg BT 416.34 502.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 427.56 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 438.77 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.07 502.35 Td (date ) Tj ET Q
q 0 0 0 rg BT 474.03 502.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 485.25 502.35 Td (such ) Tj ET Q
q 0 0 0 rg BT 506.96 502.35 Td (termination, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (his ) Tj ET Q
q 0 0 0 rg BT 64.98 489.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 76.94 489.75 Td (her ) Tj ET Q
q 0 0 0 rg BT 93.57 489.75 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 134.12 489.75 Td (award ) Tj ET Q
q 0 0 0 rg BT 162.99 489.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 182.55 489.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 195.68 489.75 Td (100% ) Tj ET Q
q 0 0 0 rg BT 223.40 489.75 Td (vested ) Tj ET Q
q 0 0 0 rg BT 253.44 489.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 271.82 489.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 293.70 489.75 Td (represented ) Tj ET Q
q 0 0 0 rg BT 345.31 489.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 359.04 489.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 381.50 489.75 Td (units ) Tj ET Q
q 0 0 0 rg BT 405.15 489.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 424.70 489.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 437.83 489.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 459.13 489.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 470.52 489.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 486.57 489.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 517.78 489.75 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 477.15 Td (ficer) Tj ET Q
q 0 0 0 rg BT 76.87 477.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 82.03 477.15 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 127.13 477.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 138.41 477.15 Td (described ) Tj ET Q
q 0 0 0 rg BT 181.18 477.15 Td (above; ) Tj ET Q
q 0 0 0 rg BT 211.71 477.15 Td (provided, ) Tj ET Q
q 0 0 0 rg BT 254.20 477.15 Td (however) Tj ET Q
q 0 0 0 rg BT 289.93 477.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 295.09 477.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 313.37 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 324.08 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 339.44 477.15 Td (event ) Tj ET Q
q 0 0 0 rg BT 364.72 477.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 383.01 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 398.37 477.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 428.90 477.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 471.66 477.15 Td (of) Tj ET Q
q 0 0 0 rg BT 480.22 477.15 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 501.99 477.15 Td (fails ) Tj ET Q
q 0 0 0 rg BT 522.61 477.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 533.31 477.15 Td (sign ) Tj ET Q
q 0 0 0 rg BT 553.36 477.15 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (general ) Tj ET Q
q 0 0 0 rg BT 83.03 464.55 Td (release ) Tj ET Q
q 0 0 0 rg BT 114.81 464.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 126.20 464.55 Td (claims ) Tj ET Q
q 0 0 0 rg BT 156.25 464.55 Td (provided ) Tj ET Q
q 0 0 0 rg BT 196.21 464.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 209.35 464.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 233.56 464.55 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 267.41 464.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 278.79 464.55 Td (signs ) Tj ET Q
q 0 0 0 rg BT 303.02 464.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 320.82 464.55 Td (revokes ) Tj ET Q
q 0 0 0 rg BT 356.11 464.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 377.99 464.55 Td (release ) Tj ET Q
q 0 0 0 rg BT 409.77 464.55 Td (within ) Tj ET Q
q 0 0 0 rg BT 439.25 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.71 464.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 476.01 464.55 Td (permitted ) Tj ET Q
q 0 0 0 rg BT 518.89 464.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 532.03 464.55 Td (law ) Tj ET Q
q 0 0 0 rg BT 549.83 464.55 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (revoke ) Tj ET Q
q 0 0 0 rg BT 79.59 451.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 100.36 451.95 Td (release, ) Tj ET Q
q 0 0 0 rg BT 133.65 451.95 Td (then ) Tj ET Q
q 0 0 0 rg BT 153.25 451.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 169.93 451.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 190.11 451.95 Td (received ) Tj ET Q
q 0 0 0 rg BT 227.19 451.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 236.88 451.95 Td (connection ) Tj ET Q
q 0 0 0 rg BT 284.46 451.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 304.65 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 319.00 451.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 355.50 451.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 375.68 451.95 Td (units ) Tj ET Q
q 0 0 0 rg BT 397.62 451.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 414.89 451.95 Td (became ) Tj ET Q
q 0 0 0 rg BT 448.47 451.95 Td (vested ) Tj ET Q
q 0 0 0 rg BT 476.81 451.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 488.83 451.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 509.60 451.95 Td (termination ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (must ) Tj ET Q
q 0 0 0 rg BT 73.70 439.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 87.38 439.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 109.23 439.35 Td (back ) Tj ET Q
q 0 0 0 rg BT 132.83 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 144.77 439.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 170.12 439.35 Td (Mason. ) Tj ET Q
q 0 0 0 rg BT 205.11 439.35 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 232.21 439.35 Td (vesting, ) Tj ET Q
q 0 0 0 rg BT 268.95 439.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 307.69 439.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 330.13 439.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 354.32 439.35 Td (cease ) Tj ET Q
q 0 0 0 rg BT 380.83 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 392.77 439.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 406.45 439.35 Td (subject ) Tj ET Q
q 0 0 0 rg BT 439.97 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 451.91 439.35 Td (forfeiture. ) Tj ET Q
q 0 0 0 rg BT 497.96 439.35 Td (Subject ) Tj ET Q
q 0 0 0 rg BT 533.23 439.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 545.17 439.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 426.75 Td (exceptions ) Tj ET Q
q 0 0 0 rg BT 96.83 426.75 Td (discussed ) Tj ET Q
q 0 0 0 rg BT 139.50 426.75 Td (herein, ) Tj ET Q
q 0 0 0 rg BT 170.78 426.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 181.37 426.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 196.62 426.75 Td (event ) Tj ET Q
q 0 0 0 rg BT 221.78 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 228.86 426.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 259.27 426.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 301.92 426.75 Td (of) Tj ET Q
q 0 0 0 rg BT 310.48 426.75 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 332.14 426.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 348.56 426.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 355.64 426.75 Td (separation ) Tj ET Q
q 0 0 0 rg BT 401.21 426.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 424.04 426.75 Td (service ) Tj ET Q
q 0 0 0 rg BT 456.20 426.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 470.86 426.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 488.45 426.75 Td (reason ) Tj ET Q
q 0 0 0 rg BT 518.27 426.75 Td (before ) Tj ET Q
q 0 0 0 rg BT 547.51 426.75 Td (all ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.05 414.15 Td (his ) Tj ET Q
q 0 0 0 rg BT 76.10 414.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 87.65 414.15 Td (her ) Tj ET Q
q 0 0 0 rg BT 103.86 414.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 141.63 414.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 163.09 414.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 186.31 414.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 208.93 414.15 Td (vested, ) Tj ET Q
q 0 0 0 rg BT 241.18 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.81 414.15 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 296.94 414.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 334.71 414.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 356.17 414.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 379.39 414.15 Td (will ) Tj ET Q
q 0 0 0 rg BT 398.53 414.15 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 458.48 414.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 471.19 414.15 Td (forfeited. ) Tj ET Q
q 0 0 0 rg BT 512.76 414.15 Td (If ) Tj ET Q
q 0 0 0 rg BT 522.55 414.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 530.01 414.15 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 91.50 401.55 Td (of) Tj ET Q
q 0 0 0 rg BT 100.06 401.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 121.07 401.55 Td (retires ) Tj ET Q
q 0 0 0 rg BT 149.08 401.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 171.26 401.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 194.61 401.55 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 227.60 401.55 Td (his ) Tj ET Q
q 0 0 0 rg BT 241.63 401.55 Td (or ) Tj ET Q
q 0 0 0 rg BT 252.15 401.55 Td (her ) Tj ET Q
q 0 0 0 rg BT 267.33 401.55 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 304.08 401.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 324.51 401.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 346.71 401.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 364.82 401.55 Td (continue ) Tj ET Q
q 0 0 0 rg BT 402.75 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 412.69 401.55 Td (vest ) Tj ET Q
q 0 0 0 rg BT 431.38 401.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 441.33 401.55 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 490.31 401.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 510.76 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 525.36 401.55 Td (original ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 81.94 388.95 Td (schedule ) Tj ET Q
q 0 0 0 rg BT 120.78 388.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 131.63 388.95 Td (long ) Tj ET Q
q 0 0 0 rg BT 152.41 388.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 163.26 388.95 Td (he ) Tj ET Q
q 0 0 0 rg BT 175.28 388.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 186.13 388.95 Td (she ) Tj ET Q
q 0 0 0 rg BT 202.23 388.95 Td (continues ) Tj ET Q
q 0 0 0 rg BT 244.58 388.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 254.85 388.95 Td (meet ) Tj ET Q
q 0 0 0 rg BT 277.37 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 292.30 388.95 Td (definition ) Tj ET Q
q 0 0 0 rg BT 335.23 388.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 346.09 388.95 Td (retirement. ) Tj ET Q
q 0 0 0 rg BT 393.96 388.95 Td (If ) Tj ET Q
q 0 0 0 rg BT 403.06 388.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 409.83 388.95 Td (retired ) Tj ET Q
q 0 0 0 rg BT 439.33 388.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 481.67 388.95 Td (of) Tj ET Q
q 0 0 0 rg BT 490.22 388.95 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 511.56 388.95 Td (dies ) Tj ET Q
q 0 0 0 rg BT 530.58 388.95 Td (during ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.26 376.35 Td (period ) Tj ET Q
q 0 0 0 rg BT 95.01 376.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 113.69 376.35 Td (awards ) Tj ET Q
q 0 0 0 rg BT 146.36 376.35 Td (continue ) Tj ET Q
q 0 0 0 rg BT 185.44 376.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 196.54 376.35 Td (vest, ) Tj ET Q
q 0 0 0 rg BT 219.01 376.35 Td (his ) Tj ET Q
q 0 0 0 rg BT 234.19 376.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 245.87 376.35 Td (her ) Tj ET Q
q 0 0 0 rg BT 262.21 376.35 Td (awards ) Tj ET Q
q 0 0 0 rg BT 294.88 376.35 Td (become ) Tj ET Q
q 0 0 0 rg BT 330.46 376.35 Td (vested ) Tj ET Q
q 0 0 0 rg BT 360.21 376.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 373.64 376.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 389.40 376.35 Td (date ) Tj ET Q
q 0 0 0 rg BT 409.82 376.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 434.32 376.35 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 465.84 376.35 Td (becomes ) Tj ET Q
q 0 0 0 rg BT 505.50 376.35 Td (aware ) Tj ET Q
q 0 0 0 rg BT 533.49 376.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 545.17 376.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 363.75 Td (death. ) Tj ET Q
q 0 0 0 rg BT 77.63 363.75 Td (In ) Tj ET Q
q 0 0 0 rg BT 89.14 363.75 Td (order ) Tj ET Q
q 0 0 0 rg BT 114.07 363.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 125.00 363.75 Td (retire ) Tj ET Q
q 0 0 0 rg BT 149.92 363.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 164.93 363.75 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 205.02 363.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 216.54 363.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 233.30 363.75 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 271.04 363.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 292.46 363.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 311.57 363.75 Td (grants, ) Tj ET Q
q 0 0 0 rg BT 342.62 363.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 350.05 363.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 380.80 363.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 423.80 363.75 Td (of) Tj ET Q
q 0 0 0 rg BT 432.36 363.75 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 454.35 363.75 Td (must ) Tj ET Q
q 0 0 0 rg BT 477.54 363.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 490.22 363.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 500.57 363.75 Td (least ) Tj ET Q
q 0 0 0 rg BT 522.58 363.75 Td (62 ) Tj ET Q
q 0 0 0 rg BT 535.84 363.75 Td (years ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (old ) Tj ET Q
q 0 0 0 rg BT 65.64 351.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 83.53 351.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 104.33 351.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 120.47 351.15 Td (represent, ) Tj ET Q
q 0 0 0 rg BT 164.30 351.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 175.20 351.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 193.08 351.15 Td (capacity ) Tj ET Q
q 0 0 0 rg BT 230.78 351.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 255.08 351.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 275.89 351.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 287.36 351.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 300.00 351.15 Td (independent ) Tj ET Q
q 0 0 0 rg BT 354.04 351.15 Td (director) Tj ET Q
q 0 0 0 rg BT 386.27 351.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 391.62 351.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 409.50 351.15 Td (financial ) Tj ET Q
q 0 0 0 rg BT 448.96 351.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 485.50 351.15 Td (company ) Tj ET Q
q 0 0 0 rg BT 526.72 351.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 545.19 351.15 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 98.79 338.55 Td (deems ) Tj ET Q
q 0 0 0 rg BT 128.24 338.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 135.52 338.55 Td (competitor ) Tj ET Q
q 0 0 0 rg BT 183.64 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.01 338.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 219.21 338.55 Td (Mason.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 313.35 Td (Under ) Tj ET Q
q 0 0 0 rg BT 78.36 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.81 313.35 Td (terms ) Tj ET Q
q 0 0 0 rg BT 119.76 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.13 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.58 313.35 Td (award ) Tj ET Q
q 0 0 0 rg BT 174.85 313.35 Td (agreements, ) Tj ET Q
q 0 0 0 rg BT 227.91 313.35 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 265.50 313.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 286.78 313.35 Td (units ) Tj ET Q
q 0 0 0 rg BT 309.82 313.35 Td (vest ) Tj ET Q
q 0 0 0 rg BT 329.36 313.35 Td (upon ) Tj ET Q
q 0 0 0 rg BT 352.98 313.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 360.26 313.35 Td (�change ) Tj ET Q
q 0 0 0 rg BT 397.27 313.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 408.64 313.35 Td (control� ) Tj ET Q
q 0 0 0 rg BT 445.66 313.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 469.86 313.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 490.56 313.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 506.01 313.35 Td (Mer) Tj ET Q
q 0 0 0 rg BT 523.31 313.35 Td (ger ) Tj ET Q
q 0 0 0 rg BT 539.34 313.35 Td (only ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (if, ) Tj ET Q
q 0 0 0 rg BT 61.00 300.75 Td (within ) Tj ET Q
q 0 0 0 rg BT 90.29 300.75 Td (12 ) Tj ET Q
q 0 0 0 rg BT 103.25 300.75 Td (months ) Tj ET Q
q 0 0 0 rg BT 136.63 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.83 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.12 300.75 Td (change ) Tj ET Q
q 0 0 0 rg BT 195.31 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 206.52 300.75 Td (control, ) Tj ET Q
q 0 0 0 rg BT 241.34 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 256.63 300.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 287.08 300.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 329.76 300.75 Td (of) Tj ET Q
q 0 0 0 rg BT 338.32 300.75 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 360.01 300.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 369.47 300.75 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 416.83 300.75 Td (without ) Tj ET Q
q 0 0 0 rg BT 451.37 300.75 Td (cause ) Tj ET Q
q 0 0 0 rg BT 477.15 300.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 488.36 300.75 Td (terminates ) Tj ET Q
q 0 0 0 rg BT 534.55 300.75 Td (his ) Tj ET Q
q 0 0 0 rg BT 549.26 300.75 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (her ) Tj ET Q
q 0 0 0 rg BT 66.07 288.15 Td (employment ) Tj ET Q
q 0 0 0 rg BT 121.72 288.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 137.12 288.15 Td (good ) Tj ET Q
q 0 0 0 rg BT 161.28 288.15 Td (reason. ) Tj ET Q
q 0 0 0 rg BT 194.47 288.15 Td (See ) Tj ET Q
q 0 0 0 rg BT 212.79 288.15 Td (�Stock ) Tj ET Q
q 0 0 0 rg BT 244.53 288.15 Td (Options� ) Tj ET Q
q 0 0 0 rg BT 285.60 288.15 Td (above ) Tj ET Q
q 0 0 0 rg BT 313.83 288.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 329.24 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 345.22 288.15 Td (definitions ) Tj ET Q
q 0 0 0 rg BT 393.30 288.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 405.20 288.15 Td (�cause� ) Tj ET Q
q 0 0 0 rg BT 441.00 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 459.32 288.15 Td (�good ) Tj ET Q
q 0 0 0 rg BT 488.14 288.15 Td (reason� ) Tj ET Q
q 0 0 0 rg BT 523.37 288.15 Td (used ) Tj ET Q
q 0 0 0 rg BT 545.78 288.15 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (these ) Tj ET Q
q 0 0 0 rg BT 74.08 275.55 Td (awards. ) Tj ET Q
q 0 0 0 rg BT 108.79 275.55 Td (A) Tj ET Q
q 0 0 0 rg BT 115.79 275.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 118.80 275.55 Td (�change ) Tj ET Q
q 0 0 0 rg BT 156.20 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.96 275.55 Td (control� ) Tj ET Q
q 0 0 0 rg BT 205.37 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 217.12 275.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 241.71 275.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 273.30 275.55 Td (does ) Tj ET Q
q 0 0 0 rg BT 295.55 275.55 Td (not ) Tj ET Q
q 0 0 0 rg BT 311.98 275.55 Td (include ) Tj ET Q
q 0 0 0 rg BT 345.89 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.73 275.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 379.04 275.55 Td (ger) Tj ET Q
q 0 0 0 rg BT 392.02 275.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 397.66 275.55 Td (but ) Tj ET Q
q 0 0 0 rg BT 414.08 275.55 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 457.91 275.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 477.26 275.55 Td (occur ) Tj ET Q
q 0 0 0 rg BT 503.58 275.55 Td (upon ) Tj ET Q
q 0 0 0 rg BT 527.59 275.55 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 542.84 275.55 Td (any ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (person ) Tj ET Q
q 0 0 0 rg BT 80.79 262.95 Td (acquiring, ) Tj ET Q
q 0 0 0 rg BT 126.35 262.95 Td (directly ) Tj ET Q
q 0 0 0 rg BT 161.72 262.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 173.75 262.95 Td (indirectly) Tj ET Q
q 0 0 0 rg BT 213.31 262.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 219.23 262.95 Td (beneficial ) Tj ET Q
q 0 0 0 rg BT 263.91 262.95 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 310.95 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 322.98 262.95 Td (securities ) Tj ET Q
q 0 0 0 rg BT 365.93 262.95 Td (representing ) Tj ET Q
q 0 0 0 rg BT 421.12 262.95 Td (50.1% ) Tj ET Q
q 0 0 0 rg BT 451.53 262.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 463.57 262.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 488.43 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.47 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 516.59 262.95 Td (combined ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (voting ) Tj ET Q
q 0 0 0 rg BT 78.59 250.35 Td (power ) Tj ET Q
q 0 0 0 rg BT 107.09 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.09 250.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 134.35 250.35 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 185.60 250.35 Td (stock; ) Tj ET Q
q 0 0 0 rg BT 212.94 250.35 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 227.44 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 242.53 250.35 Td (closing ) Tj ET Q
q 0 0 0 rg BT 275.12 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 286.12 250.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 303.54 250.35 Td (mer) Tj ET Q
q 0 0 0 rg BT 319.68 250.35 Td (ger) Tj ET Q
q 0 0 0 rg BT 332.66 250.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 337.55 250.35 Td (consolidation ) Tj ET Q
q 0 0 0 rg BT 396.38 250.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 407.38 250.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 431.22 250.35 Td (reor) Tj ET Q
q 0 0 0 rg BT 447.93 250.35 Td (ganization ) Tj ET Q
q 0 0 0 rg BT 493.92 250.35 Td (involving ) Tj ET Q
q 0 0 0 rg BT 536.43 250.35 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 79.85 237.75 Td (whereby ) Tj ET Q
q 0 0 0 rg BT 117.76 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 132.36 237.75 Td (stockholders ) Tj ET Q
q 0 0 0 rg BT 187.20 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 197.71 237.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 221.05 237.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 251.40 237.75 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 305.65 237.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 327.83 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 337.76 237.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 358.77 237.75 Td (reor) Tj ET Q
q 0 0 0 rg BT 375.49 237.75 Td (ganization ) Tj ET Q
q 0 0 0 rg BT 420.99 237.75 Td (do ) Tj ET Q
q 0 0 0 rg BT 433.25 237.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 448.43 237.75 Td (hold, ) Tj ET Q
q 0 0 0 rg BT 471.49 237.75 Td (directly ) Tj ET Q
q 0 0 0 rg BT 505.33 237.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 515.84 237.75 Td (indirectly) Tj ET Q
q 0 0 0 rg BT 555.39 237.75 Td (, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 73.44 225.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 93.88 225.15 Td (50% ) Tj ET Q
q 0 0 0 rg BT 115.49 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 126.60 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 141.79 225.15 Td (combined ) Tj ET Q
q 0 0 0 rg BT 185.55 225.15 Td (voting ) Tj ET Q
q 0 0 0 rg BT 214.75 225.15 Td (power ) Tj ET Q
q 0 0 0 rg BT 243.35 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 254.46 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 269.65 225.15 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 321.02 225.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 345.54 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 356.65 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 371.84 225.15 Td (successor ) Tj ET Q
q 0 0 0 rg BT 414.44 225.15 Td (entity ) Tj ET Q
q 0 0 0 rg BT 440.72 225.15 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 495.57 225.15 Td (following ) Tj ET Q
q 0 0 0 rg BT 538.76 225.15 Td (such ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (transaction; ) Tj ET Q
q 0 0 0 rg BT 101.15 212.55 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 116.06 212.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 131.55 212.55 Td (closing ) Tj ET Q
q 0 0 0 rg BT 164.55 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 175.96 212.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 193.78 212.55 Td (transaction ) Tj ET Q
q 0 0 0 rg BT 242.51 212.55 Td (involving ) Tj ET Q
q 0 0 0 rg BT 285.43 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 292.76 212.55 Td (sale ) Tj ET Q
q 0 0 0 rg BT 311.75 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 323.16 212.55 Td (assets ) Tj ET Q
q 0 0 0 rg BT 350.32 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 361.73 212.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 385.97 212.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 417.22 212.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 435.63 212.55 Td (have ) Tj ET Q
q 0 0 0 rg BT 458.11 212.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 465.44 212.55 Td (total ) Tj ET Q
q 0 0 0 rg BT 486.77 212.55 Td (gross ) Tj ET Q
q 0 0 0 rg BT 511.60 212.55 Td (fair ) Tj ET Q
q 0 0 0 rg BT 528.84 212.55 Td (market ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 74.74 199.95 Td (equal ) Tj ET Q
q 0 0 0 rg BT 99.98 199.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 110.65 199.95 Td (or ) Tj ET Q
q 0 0 0 rg BT 121.90 199.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 145.98 199.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 166.56 199.95 Td (90% ) Tj ET Q
q 0 0 0 rg BT 188.30 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 199.55 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 214.88 199.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 236.05 199.95 Td (gross ) Tj ET Q
q 0 0 0 rg BT 260.72 199.95 Td (fair ) Tj ET Q
q 0 0 0 rg BT 277.79 199.95 Td (market ) Tj ET Q
q 0 0 0 rg BT 309.45 199.95 Td (value ) Tj ET Q
q 0 0 0 rg BT 334.69 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 345.94 199.95 Td (all ) Tj ET Q
q 0 0 0 rg BT 358.93 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 370.18 199.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 394.26 199.95 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 425.76 199.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 432.35 199.95 Td (assets; ) Tj ET Q
q 0 0 0 rg BT 462.27 199.95 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 477.01 199.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 492.34 199.95 Td (adoption ) Tj ET Q
q 0 0 0 rg BT 531.59 199.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 542.84 199.95 Td (any ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (plan ) Tj ET Q
q 0 0 0 rg BT 70.15 187.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 81.47 187.35 Td (proposal ) Tj ET Q
q 0 0 0 rg BT 120.21 187.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 135.02 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 150.43 187.35 Td (liquidation ) Tj ET Q
q 0 0 0 rg BT 198.50 187.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 209.82 187.35 Td (dissolution ) Tj ET Q
q 0 0 0 rg BT 258.48 187.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 269.80 187.35 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 293.95 187.35 Td (Mason; ) Tj ET Q
q 0 0 0 rg BT 328.03 187.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 339.35 187.35 Td (\(5\) ) Tj ET Q
q 0 0 0 rg BT 354.17 187.35 Td (within ) Tj ET Q
q 0 0 0 rg BT 383.57 187.35 Td (any ) Tj ET Q
q 0 0 0 rg BT 401.31 187.35 Td (12-month ) Tj ET Q
q 0 0 0 rg BT 444.71 187.35 Td (period, ) Tj ET Q
q 0 0 0 rg BT 476.74 187.35 Td (individuals ) Tj ET Q
q 0 0 0 rg BT 525.98 187.35 Td (who, ) Tj ET Q
q 0 0 0 rg BT 549.26 187.35 Td (as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.67 174.75 Td (May ) Tj ET Q
q 0 0 0 rg BT 82.34 174.75 Td (15 ) Tj ET Q
q 0 0 0 rg BT 95.26 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 106.43 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 121.68 174.75 Td (grant ) Tj ET Q
q 0 0 0 rg BT 145.68 174.75 Td (year) Tj ET Q
q 0 0 0 rg BT 163.32 174.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 168.37 174.75 Td (constitute ) Tj ET Q
q 0 0 0 rg BT 211.62 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 226.87 174.75 Td (Board ) Tj ET Q
q 0 0 0 rg BT 254.96 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 266.12 174.75 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 307.62 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 318.78 174.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 342.78 174.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 373.79 174.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 384.96 174.75 Td (who ) Tj ET Q
q 0 0 0 rg BT 405.46 174.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 420.70 174.75 Td (thereafter ) Tj ET Q
q 0 0 0 rg BT 463.34 174.75 Td (nominated ) Tj ET Q
q 0 0 0 rg BT 510.09 174.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 521.26 174.75 Td (directors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 62.35 162.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 69.35 162.15 Td (majority ) Tj ET Q
q 0 0 0 rg BT 107.27 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 118.37 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.54 162.15 Td (Board ) Tj ET Q
q 0 0 0 rg BT 161.55 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 172.64 162.15 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 214.05 162.15 Td (cease ) Tj ET Q
q 0 0 0 rg BT 239.13 162.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 253.72 162.15 Td (any ) Tj ET Q
q 0 0 0 rg BT 271.22 162.15 Td (reason ) Tj ET Q
q 0 0 0 rg BT 300.97 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 311.49 162.15 Td (constitute ) Tj ET Q
q 0 0 0 rg BT 354.66 162.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 364.58 162.15 Td (least ) Tj ET Q
q 0 0 0 rg BT 386.17 162.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 393.18 162.15 Td (majority ) Tj ET Q
q 0 0 0 rg BT 431.10 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 442.19 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 457.37 162.15 Td (Board. ) Tj ET Q
q 0 0 0 rg BT 488.00 162.15 Td (Notwithstanding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (anything ) Tj ET Q
q 0 0 0 rg BT 87.99 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 97.89 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 112.46 149.55 Td (contrary) Tj ET Q
q 0 0 0 rg BT 146.76 149.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 151.13 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 161.04 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 175.61 149.55 Td (extent ) Tj ET Q
q 0 0 0 rg BT 203.00 149.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 220.49 149.55 Td (Section ) Tj ET Q
q 0 0 0 rg BT 253.73 149.55 Td (409A) Tj ET Q
q 0 0 0 rg BT 276.48 149.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 278.22 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 288.71 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 303.28 149.55 Td (Code, ) Tj ET Q
q 0 0 0 rg BT 329.81 149.55 Td (applies ) Tj ET Q
q 0 0 0 rg BT 361.29 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 371.20 149.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 382.85 149.55 Td (award ) Tj ET Q
q 0 0 0 rg BT 410.24 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 420.73 149.55 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 457.44 149.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 477.84 149.55 Td (units, ) Tj ET Q
q 0 0 0 rg BT 502.63 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 517.20 149.55 Td (definition ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 62.08 136.95 Td (�change ) Tj ET Q
q 0 0 0 rg BT 100.31 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 112.31 136.95 Td (control� ) Tj ET Q
q 0 0 0 rg BT 150.55 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 162.55 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 179.21 136.95 Td (award ) Tj ET Q
q 0 0 0 rg BT 208.70 136.95 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 256.26 136.95 Td (shall ) Tj ET Q
q 0 0 0 rg BT 279.93 136.95 Td (control ) Tj ET Q
q 0 0 0 rg BT 313.50 136.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 329.58 136.95 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 370.75 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 383.33 136.95 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 417.50 136.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 431.24 136.95 Td (award, ) Tj ET Q
q 0 0 0 rg BT 463.35 136.95 Td (but ) Tj ET Q
q 0 0 0 rg BT 480.60 136.95 Td (shall ) Tj ET Q
q 0 0 0 rg BT 504.27 136.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 521.52 136.95 Td (trigger ) Tj ET Q
q 0 0 0 rg BT 553.35 136.95 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.35 Td (distribution ) Tj ET Q
q 0 0 0 rg BT 101.01 124.35 Td (unless ) Tj ET Q
q 0 0 0 rg BT 130.34 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 146.25 124.35 Td (event ) Tj ET Q
q 0 0 0 rg BT 172.08 124.35 Td (also ) Tj ET Q
q 0 0 0 rg BT 192.08 124.35 Td (constitutes ) Tj ET Q
q 0 0 0 rg BT 240.08 124.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 247.82 124.35 Td (change ) Tj ET Q
q 0 0 0 rg BT 280.64 124.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 291.89 124.35 Td (control ) Tj ET Q
q 0 0 0 rg BT 324.72 124.35 Td (within ) Tj ET Q
q 0 0 0 rg BT 354.64 124.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 370.55 124.35 Td (meaning ) Tj ET Q
q 0 0 0 rg BT 409.79 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 421.63 124.35 Td (Section ) Tj ET Q
q 0 0 0 rg BT 456.21 124.35 Td (409A\(a\)\(2\)\(A\)\(v\) ) Tj ET Q
q 0 0 0 rg BT 533.34 124.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 545.17 124.35 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (Code.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (Severance ) Tj ET Q
q 0 0 0 rg BT 97.03 86.55 Td (Arrangements) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (During ) Tj ET Q
q 0 0 0 rg BT 80.91 73.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 105.30 73.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 125.03 73.95 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 147.69 73.95 Td (our ) Tj ET Q
q 0 0 0 rg BT 163.34 73.95 Td (Board ) Tj ET Q
q 0 0 0 rg BT 190.66 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 201.07 73.95 Td (Directors ) Tj ET Q
q 0 0 0 rg BT 241.80 73.95 Td (authorized ) Tj ET Q
q 0 0 0 rg BT 287.77 73.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 294.09 73.95 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 349.40 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 359.80 73.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 374.29 73.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 416.17 73.95 Td (team ) Tj ET Q
q 0 0 0 rg BT 438.24 73.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 448.07 73.95 Td (connection ) Tj ET Q
q 0 0 0 rg BT 495.79 73.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 516.12 73.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 522.44 73.95 Td (strategic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 61.35 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 105.36 61.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 119.82 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.87 61.35 Td (purpose ) Tj ET Q
q 0 0 0 rg BT 170.32 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 181.29 61.35 Td (reducing ) Tj ET Q
q 0 0 0 rg BT 220.24 61.35 Td (costs, ) Tj ET Q
q 0 0 0 rg BT 246.08 61.35 Td (whereby ) Tj ET Q
q 0 0 0 rg BT 284.44 61.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 299.49 61.35 Td (roles ) Tj ET Q
q 0 0 0 rg BT 322.11 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 333.07 61.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 363.85 61.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 374.81 61.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 391.02 61.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 433.47 61.35 Td (of) Tj ET Q
q 0 0 0 rg BT 442.02 61.35 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 470.18 61.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 512.06 61.35 Td (two ) Tj ET Q
q 0 0 0 rg BT 530.02 61.35 Td (named ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 48.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 93.60 48.75 Td (of) Tj ET Q
q 0 0 0 rg BT 102.16 48.75 Td (ficers, ) Tj ET Q
q 0 0 0 rg BT 131.97 48.75 Td (were ) Tj ET Q
q 0 0 0 rg BT 156.24 48.75 Td (eliminated ) Tj ET Q
q 0 0 0 rg BT 204.43 48.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 217.05 48.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 229.67 48.75 Td (January ) Tj ET Q
q 0 0 0 rg BT 266.19 48.75 Td (1, ) Tj ET Q
q 0 0 0 rg BT 277.94 48.75 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 305.44 48.75 Td (During ) Tj ET Q
q 0 0 0 rg BT 339.05 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 355.75 48.75 Td (period ) Tj ET Q
q 0 0 0 rg BT 386.45 48.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 398.49 48.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 428.02 48.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 444.72 48.75 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 484.16 48.75 Td (restructuring ) Tj ET Q
q 0 0 0 rg BT 541.68 48.75 Td (was ) Tj ET Q
endstream
endobj
365 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 366 0 R>>
endobj
366 0 obj
<</Length 43348>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (180) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.75 Td (implemented, ) Tj ET Q
q 0 0 0 rg BT 109.03 741.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 126.28 741.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 136.53 741.75 Td (light ) Tj ET Q
q 0 0 0 rg BT 157.87 741.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 168.70 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.61 741.75 Td (disruption ) Tj ET Q
q 0 0 0 rg BT 228.28 741.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 238.54 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 253.45 741.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 295.76 741.75 Td (team ) Tj ET Q
q 0 0 0 rg BT 318.25 741.75 Td (resulting ) Tj ET Q
q 0 0 0 rg BT 357.09 741.75 Td (from ) Tj ET Q
q 0 0 0 rg BT 379.58 741.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 394.50 741.75 Td (restructuring, ) Tj ET Q
q 0 0 0 rg BT 452.86 741.75 Td (it ) Tj ET Q
q 0 0 0 rg BT 460.78 741.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 479.19 741.75 Td (important ) Tj ET Q
q 0 0 0 rg BT 522.10 741.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 536.43 741.75 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 79.64 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 89.36 729.15 Td (retain ) Tj ET Q
q 0 0 0 rg BT 114.82 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 129.20 729.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 164.57 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 174.88 729.15 Td (its ) Tj ET Q
q 0 0 0 rg BT 186.35 729.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 209.48 729.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 251.26 729.15 Td (of) Tj ET Q
q 0 0 0 rg BT 259.82 729.15 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 284.69 729.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 294.42 729.15 Td (maintain ) Tj ET Q
q 0 0 0 rg BT 332.71 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 347.09 729.15 Td (stability ) Tj ET Q
q 0 0 0 rg BT 382.48 729.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 392.78 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 407.17 729.15 Td (company ) Tj ET Q
q 0 0 0 rg BT 447.21 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 463.93 729.15 Td (promote ) Tj ET Q
q 0 0 0 rg BT 500.47 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 514.86 729.15 Td (successful ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (completion ) Tj ET Q
q 0 0 0 rg BT 98.45 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 108.91 716.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.45 716.55 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 160.73 716.55 Td (restructuring. ) Tj ET Q
q 0 0 0 rg BT 218.72 716.55 Td (Because ) Tj ET Q
q 0 0 0 rg BT 255.42 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 265.87 716.55 Td (this ) Tj ET Q
q 0 0 0 rg BT 282.76 716.55 Td (need, ) Tj ET Q
q 0 0 0 rg BT 306.92 716.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 330.20 716.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 360.50 716.55 Td (established ) Tj ET Q
q 0 0 0 rg BT 408.87 716.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 420.49 716.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 462.43 716.55 Td (severance ) Tj ET Q
q 0 0 0 rg BT 505.53 716.55 Td (arrangement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 65.01 703.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 83.44 703.95 Td (executive ) Tj ET Q
q 0 0 0 rg BT 126.93 703.95 Td (of) Tj ET Q
q 0 0 0 rg BT 135.49 703.95 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 157.98 703.95 Td (whose ) Tj ET Q
q 0 0 0 rg BT 188.08 703.95 Td (employment ) Tj ET Q
q 0 0 0 rg BT 243.84 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 254.11 703.95 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 302.27 703.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 316.04 703.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 340.88 703.95 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 372.73 703.95 Td (prior ) Tj ET Q
q 0 0 0 rg BT 396.41 703.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 407.84 703.95 Td (September ) Tj ET Q
q 0 0 0 rg BT 456.01 703.95 Td (30, ) Tj ET Q
q 0 0 0 rg BT 472.40 703.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 496.67 703.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 512.18 703.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 530.60 703.95 Td (reason ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (other ) Tj ET Q
q 0 0 0 rg BT 73.11 691.35 Td (than ) Tj ET Q
q 0 0 0 rg BT 93.23 691.35 Td (�Cause� ) Tj ET Q
q 0 0 0 rg BT 130.25 691.35 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 144.53 691.35 Td (defined ) Tj ET Q
q 0 0 0 rg BT 178.05 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 188.26 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.13 691.35 Td (severance ) Tj ET Q
q 0 0 0 rg BT 246.55 691.35 Td (arrangement\), ) Tj ET Q
q 0 0 0 rg BT 307.18 691.35 Td (including ) Tj ET Q
q 0 0 0 rg BT 348.88 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 363.75 691.35 Td (executive ) Tj ET Q
q 0 0 0 rg BT 406.01 691.35 Td (of) Tj ET Q
q 0 0 0 rg BT 414.57 691.35 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 439.93 691.35 Td (whose ) Tj ET Q
q 0 0 0 rg BT 468.80 691.35 Td (roles ) Tj ET Q
q 0 0 0 rg BT 491.25 691.35 Td (were ) Tj ET Q
q 0 0 0 rg BT 513.68 691.35 Td (eliminated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.38 678.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 71.25 678.75 Td (January ) Tj ET Q
q 0 0 0 rg BT 106.04 678.75 Td (1, ) Tj ET Q
q 0 0 0 rg BT 116.04 678.75 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 141.65 678.75 Td (This ) Tj ET Q
q 0 0 0 rg BT 162.44 678.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 204.80 678.75 Td (severance ) Tj ET Q
q 0 0 0 rg BT 248.32 678.75 Td (arrangement ) Tj ET Q
q 0 0 0 rg BT 302.92 678.75 Td (was ) Tj ET Q
q 0 0 0 rg BT 321.38 678.75 Td (implemented ) Tj ET Q
q 0 0 0 rg BT 378.33 678.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 390.96 678.75 Td (May ) Tj ET Q
q 0 0 0 rg BT 412.34 678.75 Td (21, ) Tj ET Q
q 0 0 0 rg BT 427.59 678.75 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 450.72 678.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 463.35 678.75 Td (entering ) Tj ET Q
q 0 0 0 rg BT 499.89 678.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 518.35 678.75 Td (transition ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 100.70 666.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 122.77 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.99 666.15 Td (departing ) Tj ET Q
q 0 0 0 rg BT 182.04 666.15 Td (executives, ) Tj ET Q
q 0 0 0 rg BT 232.37 666.15 Td (including ) Tj ET Q
q 0 0 0 rg BT 275.43 666.15 Td (named ) Tj ET Q
q 0 0 0 rg BT 306.81 666.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 350.43 666.15 Td (of) Tj ET Q
q 0 0 0 rg BT 358.99 666.15 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 385.70 666.15 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 405.14 666.15 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 447.61 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 466.17 666.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 478.42 666.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 484.44 666.15 Td (Hoops, ) Tj ET Q
q 0 0 0 rg BT 517.88 666.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 536.44 666.15 Td (letter ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 101.72 653.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 124.79 653.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 143.20 653.55 Td (other ) Tj ET Q
q 0 0 0 rg BT 169.18 653.55 Td (executives, ) Tj ET Q
q 0 0 0 rg BT 220.53 653.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 264.60 653.55 Td (named ) Tj ET Q
q 0 0 0 rg BT 297.00 653.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 341.63 653.55 Td (of) Tj ET Q
q 0 0 0 rg BT 350.19 653.55 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 377.92 653.55 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 414.70 653.55 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 456.74 653.55 Td (Johnson, ) Tj ET Q
q 0 0 0 rg BT 498.20 653.55 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 542.84 653.55 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (Nachtwey ) Tj ET Q
q 0 0 0 rg BT 94.69 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 112.48 640.95 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 131.15 640.95 Td (Lattin.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (Under ) Tj ET Q
q 0 0 0 rg BT 78.96 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 95.02 615.75 Td (terms ) Tj ET Q
q 0 0 0 rg BT 121.57 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.54 615.75 Td (each ) Tj ET Q
q 0 0 0 rg BT 155.99 615.75 Td (transition ) Tj ET Q
q 0 0 0 rg BT 198.88 615.75 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 245.83 615.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 267.72 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 283.77 615.75 Td (departing ) Tj ET Q
q 0 0 0 rg BT 326.65 615.75 Td (executives, ) Tj ET Q
q 0 0 0 rg BT 376.81 615.75 Td (subject ) Tj ET Q
q 0 0 0 rg BT 409.78 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 421.17 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 437.22 615.75 Td (satisfaction ) Tj ET Q
q 0 0 0 rg BT 488.27 615.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 500.24 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 516.29 615.75 Td (terms ) Tj ET Q
q 0 0 0 rg BT 542.84 615.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (conditions ) Tj ET Q
q 0 0 0 rg BT 94.66 603.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 104.23 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.47 603.15 Td (agreement, ) Tj ET Q
q 0 0 0 rg BT 166.23 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.47 603.15 Td (departing ) Tj ET Q
q 0 0 0 rg BT 221.53 603.15 Td (executives ) Tj ET Q
q 0 0 0 rg BT 267.25 603.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 289.06 603.15 Td (eligible ) Tj ET Q
q 0 0 0 rg BT 321.96 603.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 331.54 603.15 Td (receive ) Tj ET Q
q 0 0 0 rg BT 363.25 603.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 369.32 603.15 Td (severance ) Tj ET Q
q 0 0 0 rg BT 412.12 603.15 Td (package ) Tj ET Q
q 0 0 0 rg BT 447.92 603.15 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 465.65 603.15 Td (�Severance ) Tj ET Q
q 0 0 0 rg BT 514.86 603.15 Td (Package�\) ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (consisting ) Tj ET Q
q 0 0 0 rg BT 95.24 590.55 Td (of: ) Tj ET Q
q 0 0 0 rg BT 110.06 590.55 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 125.46 590.55 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 138.53 590.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 146.34 590.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 168.16 590.55 Td (payment ) Tj ET Q
q 0 0 0 rg BT 207.47 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 219.37 590.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 232.44 590.55 Td (amount ) Tj ET Q
q 0 0 0 rg BT 267.09 590.55 Td (equal ) Tj ET Q
q 0 0 0 rg BT 292.98 590.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 304.31 590.55 Td (three ) Tj ET Q
q 0 0 0 rg BT 328.45 590.55 Td (weeks ) Tj ET Q
q 0 0 0 rg BT 357.84 590.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 369.75 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 385.73 590.55 Td (executive�) Tj ET Q
q 0 0 0 rg BT 428.88 590.55 Td (s ) Tj ET Q
q 0 0 0 rg BT 436.12 590.55 Td (base ) Tj ET Q
q 0 0 0 rg BT 457.93 590.55 Td (salary ) Tj ET Q
q 0 0 0 rg BT 486.16 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 501.56 590.55 Td (every ) Tj ET Q
q 0 0 0 rg BT 528.03 590.55 Td (year ) Tj ET Q
q 0 0 0 rg BT 549.25 590.55 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 577.95 Td (service ) Tj ET Q
q 0 0 0 rg BT 82.61 577.95 Td (\(with ) Tj ET Q
q 0 0 0 rg BT 108.15 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 116.18 577.95 Td (minimum ) Tj ET Q
q 0 0 0 rg BT 160.40 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 172.52 577.95 Td (12 ) Tj ET Q
q 0 0 0 rg BT 186.39 577.95 Td (weeks ) Tj ET Q
q 0 0 0 rg BT 216.01 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 234.54 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 242.58 577.95 Td (maximum ) Tj ET Q
q 0 0 0 rg BT 288.53 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 300.66 577.95 Td (52 ) Tj ET Q
q 0 0 0 rg BT 314.53 577.95 Td (weeks ) Tj ET Q
q 0 0 0 rg BT 344.15 577.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 356.27 577.95 Td (base ) Tj ET Q
q 0 0 0 rg BT 378.30 577.95 Td (salary\), ) Tj ET Q
q 0 0 0 rg BT 412.87 577.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 431.40 577.95 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 447.61 577.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 455.64 577.95 Td (pro-rated ) Tj ET Q
q 0 0 0 rg BT 497.50 577.95 Td (cash ) Tj ET Q
q 0 0 0 rg BT 519.53 577.95 Td (incentive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (payment ) Tj ET Q
q 0 0 0 rg BT 88.25 565.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 103.08 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.50 565.35 Td (months ) Tj ET Q
q 0 0 0 rg BT 152.02 565.35 Td (worked ) Tj ET Q
q 0 0 0 rg BT 186.10 565.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 196.86 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 212.28 565.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 232.94 565.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 244.28 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 259.70 565.35 Td (executive�) Tj ET Q
q 0 0 0 rg BT 302.84 565.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 309.52 565.35 Td (separation ) Tj ET Q
q 0 0 0 rg BT 355.26 565.35 Td (\(9 ) Tj ET Q
q 0 0 0 rg BT 366.60 565.35 Td (months, ) Tj ET Q
q 0 0 0 rg BT 402.74 565.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 417.57 565.35 Td (departing ) Tj ET Q
q 0 0 0 rg BT 459.82 565.35 Td (employees\), ) Tj ET Q
q 0 0 0 rg BT 513.43 565.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 541.69 565.35 Td (was ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 76.70 552.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 90.50 552.75 Td (actual ) Tj ET Q
q 0 0 0 rg BT 118.86 552.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 160.64 552.75 Td (payments ) Tj ET Q
q 0 0 0 rg BT 204.18 552.75 Td (received ) Tj ET Q
q 0 0 0 rg BT 243.03 552.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 258.57 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 274.69 552.75 Td (most ) Tj ET Q
q 0 0 0 rg BT 298.41 552.75 Td (recently ) Tj ET Q
q 0 0 0 rg BT 335.52 552.75 Td (completed ) Tj ET Q
q 0 0 0 rg BT 382.55 552.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 408.58 552.75 Td (year; ) Tj ET Q
q 0 0 0 rg BT 432.86 552.75 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 448.40 552.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 464.53 552.75 Td (continued ) Tj ET Q
q 0 0 0 rg BT 509.23 552.75 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 542.85 552.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 540.15 Td (expiration ) Tj ET Q
q 0 0 0 rg BT 95.06 540.15 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 110.29 540.15 Td (applicable\) ) Tj ET Q
q 0 0 0 rg BT 159.92 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 171.65 540.15 Td (all ) Tj ET Q
q 0 0 0 rg BT 185.14 540.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 196.87 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 212.69 540.15 Td (executive�) Tj ET Q
q 0 0 0 rg BT 255.83 540.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 262.91 540.15 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 314.89 540.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 340.05 540.15 Td (options ) Tj ET Q
q 0 0 0 rg BT 373.96 540.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 385.69 540.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 395.09 540.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 410.91 540.15 Td (executive�) Tj ET Q
q 0 0 0 rg BT 454.05 540.15 Td (s ) Tj ET Q
q 0 0 0 rg BT 461.13 540.15 Td (employment ) Tj ET Q
q 0 0 0 rg BT 516.61 540.15 Td (continued ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (through ) Tj ET Q
q 0 0 0 rg BT 85.53 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 101.73 527.55 Td (expiration ) Tj ET Q
q 0 0 0 rg BT 147.66 527.55 Td (date ) Tj ET Q
q 0 0 0 rg BT 168.52 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.63 527.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 203.25 527.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 228.78 527.55 Td (options ) Tj ET Q
q 0 0 0 rg BT 263.07 527.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 281.60 527.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 297.79 527.55 Td (continued ) Tj ET Q
q 0 0 0 rg BT 342.56 527.55 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 376.26 527.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 388.38 527.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 444.79 527.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 470.32 527.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 494.10 527.55 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 533.63 527.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 545.17 527.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 514.95 Td (schedule ) Tj ET Q
q 0 0 0 rg BT 88.20 514.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 105.32 514.95 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 150.42 514.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 205.43 514.95 Td (goals ) Tj ET Q
q 0 0 0 rg BT 229.56 514.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 240.26 514.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 248.64 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.42 514.95 Td (executive�) Tj ET Q
q 0 0 0 rg BT 306.57 514.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 312.62 514.95 Td (employment ) Tj ET Q
q 0 0 0 rg BT 367.07 514.95 Td (continued ) Tj ET Q
q 0 0 0 rg BT 410.43 514.95 Td (through ) Tj ET Q
q 0 0 0 rg BT 445.06 514.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 459.85 514.95 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 504.95 514.95 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 502.35 Td (period, ) Tj ET Q
q 0 0 0 rg BT 81.50 502.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 92.22 502.35 Td (each ) Tj ET Q
q 0 0 0 rg BT 114.00 502.35 Td (case ) Tj ET Q
q 0 0 0 rg BT 134.61 502.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 161.07 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 176.45 502.35 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 222.14 502.35 Td (award ) Tj ET Q
q 0 0 0 rg BT 250.34 502.35 Td (agreement; ) Tj ET Q
q 0 0 0 rg BT 299.53 502.35 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 314.33 502.35 Td (confirmation ) Tj ET Q
q 0 0 0 rg BT 371.11 502.35 Td (that ) Tj ET Q
q 0 0 0 rg BT 389.41 502.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 404.78 502.35 Td (executive�) Tj ET Q
q 0 0 0 rg BT 447.93 502.35 Td (s ) Tj ET Q
q 0 0 0 rg BT 454.56 502.35 Td (employment ) Tj ET Q
q 0 0 0 rg BT 509.60 502.35 Td (termination ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 489.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 68.71 489.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 81.50 489.75 Td (treated ) Tj ET Q
q 0 0 0 rg BT 112.93 489.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 124.56 489.75 Td (being ) Tj ET Q
q 0 0 0 rg BT 150.76 489.75 Td (part ) Tj ET Q
q 0 0 0 rg BT 169.96 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 181.58 489.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 189.12 489.75 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 231.64 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 242.69 489.75 Td (force ) Tj ET Q
q 0 0 0 rg BT 267.13 489.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 282.24 489.75 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 322.45 489.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 334.07 489.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 347.44 489.75 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 389.38 489.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 414.42 489.75 Td (units, ) Tj ET Q
q 0 0 0 rg BT 440.34 489.75 Td (which ) Tj ET Q
q 0 0 0 rg BT 468.88 489.75 Td (results ) Tj ET Q
q 0 0 0 rg BT 499.17 489.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 510.21 489.75 Td (full ) Tj ET Q
q 0 0 0 rg BT 527.67 489.75 Td (vesting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 59.91 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 74.40 477.15 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 115.12 477.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 138.95 477.15 Td (units ) Tj ET Q
q 0 0 0 rg BT 161.03 477.15 Td (under ) Tj ET Q
q 0 0 0 rg BT 186.60 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 201.09 477.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 226.08 477.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 236.49 477.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.97 477.15 Td (awards; ) Tj ET Q
q 0 0 0 rg BT 285.29 477.15 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 299.19 477.15 Td (outplacement ) Tj ET Q
q 0 0 0 rg BT 357.42 477.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 392.90 477.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 409.72 477.15 Td (\(5\) ) Tj ET Q
q 0 0 0 rg BT 423.62 477.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 429.95 477.15 Td (COBRA) Tj ET Q
q 0 0 0 rg BT 465.54 477.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 467.20 477.15 Td (subsidy ) Tj ET Q
q 0 0 0 rg BT 500.96 477.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 510.78 477.15 Td (accordance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 464.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 71.51 464.55 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 118.00 464.55 Td (law) Tj ET Q
q 0 0 0 rg BT 132.48 464.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 138.45 464.55 Td (In ) Tj ET Q
q 0 0 0 rg BT 150.54 464.55 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 190.93 464.55 Td (under ) Tj ET Q
q 0 0 0 rg BT 218.18 464.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.35 464.55 Td (transition ) Tj ET Q
q 0 0 0 rg BT 277.36 464.55 Td (agreements, ) Tj ET Q
q 0 0 0 rg BT 331.14 464.55 Td (each ) Tj ET Q
q 0 0 0 rg BT 353.72 464.55 Td (departing ) Tj ET Q
q 0 0 0 rg BT 396.72 464.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 440.29 464.55 Td (of) Tj ET Q
q 0 0 0 rg BT 448.85 464.55 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 471.43 464.55 Td (received ) Tj ET Q
q 0 0 0 rg BT 510.33 464.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 518.33 464.55 Td (transition ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 451.95 Td (payment ) Tj ET Q
q 0 0 0 rg BT 88.22 451.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 103.03 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.42 451.95 Td (period ) Tj ET Q
q 0 0 0 rg BT 147.81 451.95 Td (from ) Tj ET Q
q 0 0 0 rg BT 170.79 451.95 Td (July ) Tj ET Q
q 0 0 0 rg BT 190.86 451.95 Td (1, ) Tj ET Q
q 0 0 0 rg BT 201.30 451.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 224.86 451.95 Td (through ) Tj ET Q
q 0 0 0 rg BT 260.09 451.95 Td (January ) Tj ET Q
q 0 0 0 rg BT 295.31 451.95 Td (1, ) Tj ET Q
q 0 0 0 rg BT 305.75 451.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 329.31 451.95 Td (equal ) Tj ET Q
q 0 0 0 rg BT 354.62 451.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 365.35 451.95 Td (50% ) Tj ET Q
q 0 0 0 rg BT 387.16 451.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 398.47 451.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.87 451.95 Td (executive�) Tj ET Q
q 0 0 0 rg BT 457.01 451.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 463.66 451.95 Td (total ) Tj ET Q
q 0 0 0 rg BT 484.89 451.95 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 545.78 451.95 Td (for ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 439.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 74.86 439.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 95.56 439.35 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 121.81 439.35 Td (pro ) Tj ET Q
q 0 0 0 rg BT 138.43 439.35 Td (rated ) Tj ET Q
q 0 0 0 rg BT 162.04 439.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 176.91 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 192.36 439.35 Td (six ) Tj ET Q
q 0 0 0 rg BT 207.24 439.35 Td (months ) Tj ET Q
q 0 0 0 rg BT 240.79 439.35 Td (worked ) Tj ET Q
q 0 0 0 rg BT 274.90 439.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 285.69 439.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 301.15 439.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 326.51 439.35 Td (year ) Tj ET Q
q 0 0 0 rg BT 347.20 439.35 Td (since ) Tj ET Q
q 0 0 0 rg BT 371.40 439.35 Td (July ) Tj ET Q
q 0 0 0 rg BT 391.53 439.35 Td (1, ) Tj ET Q
q 0 0 0 rg BT 402.03 439.35 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 414.15 Td (Under ) Tj ET Q
q 0 0 0 rg BT 78.48 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 94.04 414.15 Td (terms ) Tj ET Q
q 0 0 0 rg BT 120.11 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.59 414.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 153.56 414.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.05 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 180.61 414.15 Td (letter ) Tj ET Q
q 0 0 0 rg BT 204.92 414.15 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 255.47 414.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 276.88 414.15 Td (our ) Tj ET Q
q 0 0 0 rg BT 293.61 414.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 317.92 414.15 Td (executives, ) Tj ET Q
q 0 0 0 rg BT 367.60 414.15 Td (if ) Tj ET Q
q 0 0 0 rg BT 376.75 414.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 392.32 414.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 435.28 414.15 Td (of) Tj ET Q
q 0 0 0 rg BT 443.84 414.15 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 465.81 414.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 475.55 414.15 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 523.19 414.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 536.43 414.15 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 401.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 81.23 401.55 Td (without ) Tj ET Q
q 0 0 0 rg BT 116.46 401.55 Td (�Cause� ) Tj ET Q
q 0 0 0 rg BT 154.58 401.55 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 169.97 401.55 Td (defined ) Tj ET Q
q 0 0 0 rg BT 204.60 401.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 215.91 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 231.88 401.55 Td (letter ) Tj ET Q
q 0 0 0 rg BT 256.59 401.55 Td (agreement\) ) Tj ET Q
q 0 0 0 rg BT 306.95 401.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 330.51 401.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 341.82 401.55 Td (September ) Tj ET Q
q 0 0 0 rg BT 389.87 401.55 Td (30, ) Tj ET Q
q 0 0 0 rg BT 406.13 401.55 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 432.90 401.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 448.87 401.55 Td (executive ) Tj ET Q
q 0 0 0 rg BT 492.24 401.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 511.72 401.55 Td (receive ) Tj ET Q
q 0 0 0 rg BT 545.17 401.55 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 388.95 Td (same ) Tj ET Q
q 0 0 0 rg BT 73.92 388.95 Td (Severance ) Tj ET Q
q 0 0 0 rg BT 119.90 388.95 Td (Package ) Tj ET Q
q 0 0 0 rg BT 157.73 388.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 169.32 388.95 Td (those ) Tj ET Q
q 0 0 0 rg BT 194.32 388.95 Td (executives ) Tj ET Q
q 0 0 0 rg BT 241.48 388.95 Td (who ) Tj ET Q
q 0 0 0 rg BT 262.41 388.95 Td (entered ) Tj ET Q
q 0 0 0 rg BT 296.14 388.95 Td (into ) Tj ET Q
q 0 0 0 rg BT 315.32 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 330.99 388.95 Td (transition ) Tj ET Q
q 0 0 0 rg BT 373.50 388.95 Td (agreements ) Tj ET Q
q 0 0 0 rg BT 424.15 388.95 Td (\(but ) Tj ET Q
q 0 0 0 rg BT 443.91 388.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 460.17 388.95 Td (including ) Tj ET Q
q 0 0 0 rg BT 502.68 388.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 518.35 388.95 Td (transition ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 376.35 Td (payment\).) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 351.15 Td (Effect ) Tj ET Q
q 0 0 0 rg BT 78.94 351.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 90.31 351.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.93 351.15 Td (Merger) Tj ET Q
q 0 0 0 rg BT 140.55 351.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 142.59 351.15 Td (Agr) Tj ET Q
q 0 0 0 rg BT 159.90 351.15 Td (eement) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 338.55 Td (Under ) Tj ET Q
q 0 0 0 rg BT 78.08 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 93.25 338.55 Td (terms ) Tj ET Q
q 0 0 0 rg BT 118.92 338.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 130.00 338.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.17 338.55 Td (Mer) Tj ET Q
q 0 0 0 rg BT 162.47 338.55 Td (ger ) Tj ET Q
q 0 0 0 rg BT 177.70 338.55 Td (Agreement, ) Tj ET Q
q 0 0 0 rg BT 229.31 338.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 253.82 338.55 Td (options, ) Tj ET Q
q 0 0 0 rg BT 289.70 338.55 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 331.11 338.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 355.61 338.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 378.37 338.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 395.87 338.55 Td (performance ) Tj ET Q
q 0 0 0 rg BT 451.26 338.55 Td (share ) Tj ET Q
q 0 0 0 rg BT 475.75 338.55 Td (units ) Tj ET Q
q 0 0 0 rg BT 498.52 338.55 Td (will ) Tj ET Q
q 0 0 0 rg BT 517.19 338.55 Td (be ) Tj ET Q
q 0 0 0 rg BT 529.44 338.55 Td (treated ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 325.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 60.87 325.95 Td (follows ) Tj ET Q
q 0 0 0 rg BT 95.00 325.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 118.62 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.08 325.95 Td (completion ) Tj ET Q
q 0 0 0 rg BT 183.94 325.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 195.31 325.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 210.77 325.95 Td (mer) Tj ET Q
q 0 0 0 rg BT 226.90 325.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 242.93 325.95 Td (transaction:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 300.75 Td (Each ) Tj ET Q
q 0 0 0 rg BT 72.85 300.75 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 124.21 300.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 148.74 300.75 Td (option, ) Tj ET Q
q 0 0 0 rg BT 180.56 300.75 Td (whether ) Tj ET Q
q 0 0 0 rg BT 216.75 300.75 Td (vested ) Tj ET Q
q 0 0 0 rg BT 245.94 300.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 257.05 300.75 Td (unvested, ) Tj ET Q
q 0 0 0 rg BT 299.36 300.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 318.06 300.75 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 377.57 300.75 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 389.84 300.75 Td (if ) Tj ET Q
q 0 0 0 rg BT 398.62 300.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.81 300.75 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 450.57 300.75 Td (price ) Tj ET Q
q 0 0 0 rg BT 473.92 300.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 485.03 300.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 506.64 300.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 531.17 300.75 Td (option ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 288.15 Td (is ) Tj ET Q
q 0 0 0 rg BT 60.34 288.15 Td (equal ) Tj ET Q
q 0 0 0 rg BT 86.91 288.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 98.91 288.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 111.49 288.15 Td (greater ) Tj ET Q
q 0 0 0 rg BT 144.46 288.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 166.37 288.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.03 288.15 Td ($50.00 ) Tj ET Q
q 0 0 0 rg BT 215.74 288.15 Td (per ) Tj ET Q
q 0 0 0 rg BT 232.98 288.15 Td (share ) Tj ET Q
q 0 0 0 rg BT 258.97 288.15 Td (mer) Tj ET Q
q 0 0 0 rg BT 275.10 288.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 292.34 288.15 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 352.74 288.15 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 372.90 288.15 Td (�Mer) Tj ET Q
q 0 0 0 rg BT 394.86 288.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 412.10 288.15 Td (Consideration�\), ) Tj ET Q
q 0 0 0 rg BT 485.63 288.15 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 529.11 288.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 548.10 288.15 Td (be ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 275.55 Td (cancelled ) Tj ET Q
q 0 0 0 rg BT 91.28 275.55 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 145.91 275.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 168.46 275.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 178.77 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.74 275.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 201.71 275.55 Td (fective ) Tj ET Q
q 0 0 0 rg BT 232.41 275.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 253.22 275.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 264.10 275.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 279.07 275.55 Td (mer) Tj ET Q
q 0 0 0 rg BT 295.21 275.55 Td (ger) Tj ET Q
q 0 0 0 rg BT 308.20 275.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 312.96 275.55 Td (without ) Tj ET Q
q 0 0 0 rg BT 347.19 275.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 364.49 275.55 Td (consideration ) Tj ET Q
q 0 0 0 rg BT 423.20 275.55 Td (being ) Tj ET Q
q 0 0 0 rg BT 448.67 275.55 Td (payable ) Tj ET Q
q 0 0 0 rg BT 483.46 275.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 493.77 275.55 Td (respect ) Tj ET Q
q 0 0 0 rg BT 525.65 275.55 Td (thereof, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 66.70 262.95 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 81.56 262.95 Td (if ) Tj ET Q
q 0 0 0 rg BT 90.01 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 104.88 262.95 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 141.31 262.95 Td (price ) Tj ET Q
q 0 0 0 rg BT 164.33 262.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 175.11 262.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 181.81 262.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 206.01 262.95 Td (option ) Tj ET Q
q 0 0 0 rg BT 234.88 262.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 243.92 262.95 Td (less ) Tj ET Q
q 0 0 0 rg BT 261.71 262.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 281.83 262.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 296.69 262.95 Td (Mer) Tj ET Q
q 0 0 0 rg BT 313.99 262.95 Td (ger ) Tj ET Q
q 0 0 0 rg BT 329.44 262.95 Td (Consideration, ) Tj ET Q
q 0 0 0 rg BT 393.01 262.95 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 434.69 262.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 451.89 262.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 463.84 262.95 Td (cancelled ) Tj ET Q
q 0 0 0 rg BT 505.51 262.95 Td (immediately ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 250.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 72.46 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 83.18 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 98.57 250.35 Td (ef) Tj ET Q
q 0 0 0 rg BT 106.53 250.35 Td (fective ) Tj ET Q
q 0 0 0 rg BT 137.65 250.35 Td (time ) Tj ET Q
q 0 0 0 rg BT 158.87 250.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 170.17 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 185.55 250.35 Td (mer) Tj ET Q
q 0 0 0 rg BT 201.68 250.35 Td (ger ) Tj ET Q
q 0 0 0 rg BT 217.64 250.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 235.36 250.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 247.82 250.35 Td (converted ) Tj ET Q
q 0 0 0 rg BT 291.77 250.35 Td (into ) Tj ET Q
q 0 0 0 rg BT 310.66 250.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 326.04 250.35 Td (right ) Tj ET Q
q 0 0 0 rg BT 348.42 250.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 359.15 250.35 Td (receive ) Tj ET Q
q 0 0 0 rg BT 392.01 250.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 399.22 250.35 Td (lump ) Tj ET Q
q 0 0 0 rg BT 423.36 250.35 Td (sum ) Tj ET Q
q 0 0 0 rg BT 443.41 250.35 Td (cash ) Tj ET Q
q 0 0 0 rg BT 464.63 250.35 Td (payment ) Tj ET Q
q 0 0 0 rg BT 503.33 250.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 514.06 250.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 526.52 250.35 Td (amount ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 237.75 Td (equal ) Tj ET Q
q 0 0 0 rg BT 75.28 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 86.48 237.75 Td (\(A\) ) Tj ET Q
q 0 0 0 rg BT 104.09 237.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 119.96 237.75 Td (number ) Tj ET Q
q 0 0 0 rg BT 155.07 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 166.85 237.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 196.13 237.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.91 237.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 232.52 237.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 264.14 237.75 Td (common ) Tj ET Q
q 0 0 0 rg BT 303.93 237.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 329.13 237.75 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 377.66 237.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 399.94 237.75 Td (stock ) Tj ET Q
q 0 0 0 rg BT 425.14 237.75 Td (option ) Tj ET Q
q 0 0 0 rg BT 455.01 237.75 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 510.54 237.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 533.98 237.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 545.19 237.75 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 225.15 Td (ef) Tj ET Q
q 0 0 0 rg BT 57.47 225.15 Td (fective ) Tj ET Q
q 0 0 0 rg BT 89.15 225.15 Td (time ) Tj ET Q
q 0 0 0 rg BT 110.94 225.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 122.81 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 138.76 225.15 Td (mer) Tj ET Q
q 0 0 0 rg BT 154.89 225.15 Td (ger) Tj ET Q
q 0 0 0 rg BT 167.88 225.15 Td (, ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 173.63 225.15 Td (multiplied ) Tj ET Q
q 0 0 0 rg BT 219.33 225.15 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 232.37 225.15 Td (\(B\) ) Tj ET Q
q 0 0 0 rg BT 249.48 225.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 262.52 225.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 297.14 225.15 Td (equal ) Tj ET Q
q 0 0 0 rg BT 323.00 225.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 334.29 225.15 Td (\(x\) ) Tj ET Q
q 0 0 0 rg BT 349.65 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 365.60 225.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 382.91 225.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 399.44 225.15 Td (Consideration, ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 464.10 225.15 Td (minus ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 492.31 225.15 Td (\(y\) ) Tj ET Q
q 0 0 0 rg BT 507.67 225.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 523.62 225.15 Td (exercise ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 212.55 Td (price ) Tj ET Q
q 0 0 0 rg BT 73.11 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 84.48 212.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 106.35 212.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 131.14 212.55 Td (option, ) Tj ET Q
q 0 0 0 rg BT 163.23 212.55 Td (net ) Tj ET Q
q 0 0 0 rg BT 178.68 212.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.05 212.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 207.84 212.55 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 232.04 212.55 Td (withheld. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 187.35 Td (Each ) Tj ET Q
q 0 0 0 rg BT 73.34 187.35 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 113.52 187.35 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 155.45 187.35 Td (stock ) Tj ET Q
q 0 0 0 rg BT 180.47 187.35 Td (unit ) Tj ET Q
q 0 0 0 rg BT 199.66 187.35 Td (will ) Tj ET Q
q 0 0 0 rg BT 218.85 187.35 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 278.86 187.35 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 321.36 187.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 339.38 187.35 Td (be ) Tj ET Q
q 0 0 0 rg BT 352.15 187.35 Td (cancelled ) Tj ET Q
q 0 0 0 rg BT 394.64 187.35 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 449.98 187.35 Td (prior ) Tj ET Q
q 0 0 0 rg BT 473.25 187.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 484.28 187.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 499.96 187.35 Td (ef) Tj ET Q
q 0 0 0 rg BT 507.93 187.35 Td (fective ) Tj ET Q
q 0 0 0 rg BT 539.35 187.35 Td (time ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 174.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.60 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.77 174.75 Td (mer) Tj ET Q
q 0 0 0 rg BT 91.91 174.75 Td (ger ) Tj ET Q
q 0 0 0 rg BT 107.67 174.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 125.18 174.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 137.44 174.75 Td (converted ) Tj ET Q
q 0 0 0 rg BT 181.18 174.75 Td (into ) Tj ET Q
q 0 0 0 rg BT 199.87 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 215.04 174.75 Td (right ) Tj ET Q
q 0 0 0 rg BT 237.23 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 247.74 174.75 Td (receive ) Tj ET Q
q 0 0 0 rg BT 280.40 174.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 287.41 174.75 Td (lump ) Tj ET Q
q 0 0 0 rg BT 311.34 174.75 Td (sum ) Tj ET Q
q 0 0 0 rg BT 331.20 174.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 352.20 174.75 Td (payment ) Tj ET Q
q 0 0 0 rg BT 390.71 174.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 401.23 174.75 Td (an ) Tj ET Q
q 0 0 0 rg BT 413.49 174.75 Td (amount ) Tj ET Q
q 0 0 0 rg BT 447.33 174.75 Td (equal ) Tj ET Q
q 0 0 0 rg BT 472.42 174.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 482.94 174.75 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 495.20 174.75 Td (\(A\) ) Tj ET Q
q 0 0 0 rg BT 512.12 174.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.30 174.75 Td (Mer) Tj ET Q
q 0 0 0 rg BT 544.61 174.75 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 162.15 Td (Consideration, ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 113.71 162.15 Td (multiplied ) Tj ET Q
q 0 0 0 rg BT 158.96 162.15 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 171.54 162.15 Td (\(B\) ) Tj ET Q
q 0 0 0 rg BT 188.20 162.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.70 162.15 Td (number ) Tj ET Q
q 0 0 0 rg BT 238.45 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 249.86 162.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 278.77 162.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 290.19 162.15 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 314.43 162.15 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 345.69 162.15 Td (common ) Tj ET Q
q 0 0 0 rg BT 385.10 162.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 409.94 162.15 Td (subject ) Tj ET Q
q 0 0 0 rg BT 442.35 162.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 453.19 162.15 Td (such ) Tj ET Q
q 0 0 0 rg BT 475.10 162.15 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 516.84 162.15 Td (stock ) Tj ET Q
q 0 0 0 rg BT 541.67 162.15 Td (unit ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.55 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 104.75 149.55 Td (prior ) Tj ET Q
q 0 0 0 rg BT 127.91 149.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 138.84 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 154.43 149.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 162.39 149.55 Td (fective ) Tj ET Q
q 0 0 0 rg BT 193.72 149.55 Td (time ) Tj ET Q
q 0 0 0 rg BT 215.14 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 226.64 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 242.23 149.55 Td (mer) Tj ET Q
q 0 0 0 rg BT 258.36 149.55 Td (ger) Tj ET Q
q 0 0 0 rg BT 271.35 149.55 Td (, ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 276.73 149.55 Td (plus ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 297.00 149.55 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 312.58 149.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 328.17 149.55 Td (amount ) Tj ET Q
q 0 0 0 rg BT 362.42 149.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 373.93 149.55 Td (any ) Tj ET Q
q 0 0 0 rg BT 391.85 149.55 Td (accrued ) Tj ET Q
q 0 0 0 rg BT 427.24 149.55 Td (but ) Tj ET Q
q 0 0 0 rg BT 443.42 149.55 Td (unpaid ) Tj ET Q
q 0 0 0 rg BT 474.76 149.55 Td (dividend ) Tj ET Q
q 0 0 0 rg BT 514.26 149.55 Td (equivalent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 136.95 Td (rights ) Tj ET Q
q 0 0 0 rg BT 76.04 136.95 Td (under ) Tj ET Q
q 0 0 0 rg BT 102.58 136.95 Td (such ) Tj ET Q
q 0 0 0 rg BT 124.45 136.95 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 166.14 136.95 Td (stock ) Tj ET Q
q 0 0 0 rg BT 190.93 136.95 Td (unit, ) Tj ET Q
q 0 0 0 rg BT 212.51 136.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 227.96 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 239.34 136.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 257.12 136.95 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 281.32 136.95 Td (withheld.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.75 Td (Each ) Tj ET Q
q 0 0 0 rg BT 72.47 111.75 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 111.78 111.75 Td (performance ) Tj ET Q
q 0 0 0 rg BT 166.81 111.75 Td (share ) Tj ET Q
q 0 0 0 rg BT 190.95 111.75 Td (unit ) Tj ET Q
q 0 0 0 rg BT 209.26 111.75 Td (will ) Tj ET Q
q 0 0 0 rg BT 227.58 111.75 Td (automatically ) Tj ET Q
q 0 0 0 rg BT 286.71 111.75 Td (terminate ) Tj ET Q
q 0 0 0 rg BT 328.34 111.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 345.49 111.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 357.38 111.75 Td (cancelled ) Tj ET Q
q 0 0 0 rg BT 399.00 111.75 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 453.47 111.75 Td (prior ) Tj ET Q
q 0 0 0 rg BT 475.87 111.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 486.02 111.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 500.83 111.75 Td (ef) Tj ET Q
q 0 0 0 rg BT 508.79 111.75 Td (fective ) Tj ET Q
q 0 0 0 rg BT 539.34 111.75 Td (time ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 61.33 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 77.24 99.15 Td (mer) Tj ET Q
q 0 0 0 rg BT 93.38 99.15 Td (ger ) Tj ET Q
q 0 0 0 rg BT 109.87 99.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 128.12 99.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 141.11 99.15 Td (converted ) Tj ET Q
q 0 0 0 rg BT 185.59 99.15 Td (into ) Tj ET Q
q 0 0 0 rg BT 205.01 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 220.93 99.15 Td (right ) Tj ET Q
q 0 0 0 rg BT 243.84 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 255.10 99.15 Td (receive ) Tj ET Q
q 0 0 0 rg BT 288.49 99.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 296.23 99.15 Td (lump ) Tj ET Q
q 0 0 0 rg BT 320.90 99.15 Td (sum ) Tj ET Q
q 0 0 0 rg BT 341.49 99.15 Td (cash ) Tj ET Q
q 0 0 0 rg BT 363.23 99.15 Td (payment ) Tj ET Q
q 0 0 0 rg BT 402.48 99.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 413.73 99.15 Td (an ) Tj ET Q
q 0 0 0 rg BT 426.72 99.15 Td (amount ) Tj ET Q
q 0 0 0 rg BT 461.30 99.15 Td (equal ) Tj ET Q
q 0 0 0 rg BT 487.13 99.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 498.38 99.15 Td (\(i\) ) Tj ET Q
q 0 0 0 rg BT 511.38 99.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 527.29 99.15 Td (Mer) Tj ET Q
q 0 0 0 rg BT 544.59 99.15 Td (ger ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.55 Td (Consideration, ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 113.98 86.55 Td (multiplied ) Tj ET Q
q 0 0 0 rg BT 159.50 86.55 Td (by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 172.36 86.55 Td (\(ii\) ) Tj ET Q
q 0 0 0 rg BT 188.13 86.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 203.90 86.55 Td (tar) Tj ET Q
q 0 0 0 rg BT 214.78 86.55 Td (get ) Tj ET Q
q 0 0 0 rg BT 230.55 86.55 Td (number ) Tj ET Q
q 0 0 0 rg BT 265.57 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 277.26 86.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 306.44 86.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 318.13 86.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 342.65 86.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 374.18 86.55 Td (common ) Tj ET Q
q 0 0 0 rg BT 413.87 86.55 Td (stock ) Tj ET Q
q 0 0 0 rg BT 438.97 86.55 Td (subject ) Tj ET Q
q 0 0 0 rg BT 471.66 86.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 482.77 86.55 Td (such ) Tj ET Q
q 0 0 0 rg BT 504.96 86.55 Td (performance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 73.95 Td (share ) Tj ET Q
q 0 0 0 rg BT 74.28 73.95 Td (unit ) Tj ET Q
q 0 0 0 rg BT 93.24 73.95 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 148.35 73.95 Td (prior ) Tj ET Q
q 0 0 0 rg BT 171.39 73.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 182.18 73.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 197.63 73.95 Td (ef) Tj ET Q
q 0 0 0 rg BT 205.60 73.95 Td (fective ) Tj ET Q
q 0 0 0 rg BT 236.79 73.95 Td (time, ) Tj ET Q
q 0 0 0 rg BT 260.70 73.95 Td (net ) Tj ET Q
q 0 0 0 rg BT 276.15 73.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 287.53 73.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 305.31 73.95 Td (taxes ) Tj ET Q
q 0 0 0 rg BT 329.51 73.95 Td (withheld.) Tj ET Q
endstream
endobj
367 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 368 0 R>>
endobj
368 0 obj
<</Length 30432>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (181) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Estimated ) Tj ET Q
q 0 0 0 rg BT 97.62 741.90 Td (Post-T) Tj ET Q
q 0 0 0 rg BT 126.41 741.90 Td (ermination ) Tj ET Q
q 0 0 0 rg BT 178.61 741.90 Td (Payments ) Tj ET Q
q 0 0 0 rg BT 224.79 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 230.83 741.90 Td (able) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.30 Td (The ) Tj ET Q
q 0 0 0 rg BT 67.73 729.30 Td (following ) Tj ET Q
q 0 0 0 rg BT 110.48 729.30 Td (table ) Tj ET Q
q 0 0 0 rg BT 132.79 729.30 Td (sets ) Tj ET Q
q 0 0 0 rg BT 150.45 729.30 Td (forth ) Tj ET Q
q 0 0 0 rg BT 172.77 729.30 Td (information ) Tj ET Q
q 0 0 0 rg BT 224.26 729.30 Td (regarding ) Tj ET Q
q 0 0 0 rg BT 266.40 729.30 Td (potential ) Tj ET Q
q 0 0 0 rg BT 305.05 729.30 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 354.16 729.30 Td (payments ) Tj ET Q
q 0 0 0 rg BT 396.32 729.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 406.39 729.30 Td (each ) Tj ET Q
q 0 0 0 rg BT 427.54 729.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 438.19 729.30 Td (our ) Tj ET Q
q 0 0 0 rg BT 454.10 729.30 Td (named ) Tj ET Q
q 0 0 0 rg BT 484.00 729.30 Td (executive ) Tj ET Q
q 0 0 0 rg BT 526.13 729.30 Td (of) Tj ET Q
q 0 0 0 rg BT 534.69 729.30 Td (ficers ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 60.12 716.70 Td (the ) Tj ET Q
q 0 0 0 rg BT 75.39 716.70 Td (event ) Tj ET Q
q 0 0 0 rg BT 100.58 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 111.78 716.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 118.89 716.70 Td (termination ) Tj ET Q
q 0 0 0 rg BT 169.74 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 180.94 716.70 Td (employment, ) Tj ET Q
q 0 0 0 rg BT 238.50 716.70 Td (upon ) Tj ET Q
q 0 0 0 rg BT 261.95 716.70 Td (death, ) Tj ET Q
q 0 0 0 rg BT 289.77 716.70 Td (disability ) Tj ET Q
q 0 0 0 rg BT 331.30 716.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 342.50 716.70 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 388.09 716.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 399.29 716.70 Td (following ) Tj ET Q
q 0 0 0 rg BT 442.57 716.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 449.68 716.70 Td (change ) Tj ET Q
q 0 0 0 rg BT 481.86 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 493.05 716.70 Td (control ) Tj ET Q
q 0 0 0 rg BT 525.24 716.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 536.44 716.70 Td (Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 704.10 Td (Mason. ) Tj ET Q
q 0 0 0 rg BT 83.23 704.10 Td (For ) Tj ET Q
q 0 0 0 rg BT 100.34 704.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 115.69 704.10 Td (purposes ) Tj ET Q
q 0 0 0 rg BT 155.55 704.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 166.82 704.10 Td (this ) Tj ET Q
q 0 0 0 rg BT 184.51 704.10 Td (table, ) Tj ET Q
q 0 0 0 rg BT 210.07 704.10 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 248.18 704.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 263.52 704.10 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 308.60 704.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 323.36 704.10 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 358.27 704.10 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 398.42 704.10 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 440.30 704.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 445.45 704.10 Td (Johnson ) Tj ET Q
q 0 0 0 rg BT 482.40 704.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 500.08 704.10 Td (Merchant ) Tj ET Q
q 0 0 0 rg BT 542.84 704.10 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 68.59 691.50 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 96.72 691.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 108.51 691.50 Td (if ) Tj ET Q
q 0 0 0 rg BT 117.97 691.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 133.84 691.50 Td (employment ) Tj ET Q
q 0 0 0 rg BT 189.38 691.50 Td (termination, ) Tj ET Q
q 0 0 0 rg BT 243.45 691.50 Td (death, ) Tj ET Q
q 0 0 0 rg BT 271.86 691.50 Td (disability ) Tj ET Q
q 0 0 0 rg BT 313.99 691.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 325.78 691.50 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 371.98 691.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 383.77 691.50 Td (change ) Tj ET Q
q 0 0 0 rg BT 416.54 691.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 428.34 691.50 Td (control ) Tj ET Q
q 0 0 0 rg BT 461.12 691.50 Td (occurred ) Tj ET Q
q 0 0 0 rg BT 500.89 691.50 Td (on ) Tj ET Q
q 0 0 0 rg BT 514.44 691.50 Td (March ) Tj ET Q
q 0 0 0 rg BT 544.89 691.50 Td (31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.90 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 76.23 678.90 Td (T) Tj ET Q
q 0 0 0 rg BT 81.91 678.90 Td (wo ) Tj ET Q
q 0 0 0 rg BT 98.09 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 110.19 678.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 127.53 678.90 Td (named ) Tj ET Q
q 0 0 0 rg BT 158.87 678.90 Td (executive ) Tj ET Q
q 0 0 0 rg BT 202.45 678.90 Td (of) Tj ET Q
q 0 0 0 rg BT 211.00 678.90 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 237.67 678.90 Td (were ) Tj ET Q
q 0 0 0 rg BT 261.42 678.90 Td (eligible ) Tj ET Q
q 0 0 0 rg BT 296.26 678.90 Td (to ) Tj ET Q
q 0 0 0 rg BT 307.77 678.90 Td (retire ) Tj ET Q
q 0 0 0 rg BT 333.27 678.90 Td (under ) Tj ET Q
q 0 0 0 rg BT 360.53 678.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 376.70 678.90 Td (terms ) Tj ET Q
q 0 0 0 rg BT 403.38 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 415.47 678.90 Td (any ) Tj ET Q
q 0 0 0 rg BT 433.98 678.90 Td (award ) Tj ET Q
q 0 0 0 rg BT 462.98 678.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 475.08 678.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 487.17 678.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 517.92 678.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 534.40 678.90 Td (2020. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.30 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 89.72 666.30 Td (shown ) Tj ET Q
q 0 0 0 rg BT 118.85 666.30 Td (for ) Tj ET Q
q 0 0 0 rg BT 132.81 666.30 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 150.57 666.30 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 191.37 666.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 208.24 666.30 Td (Mr) Tj ET Q
q 0 0 0 rg BT 220.50 666.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 224.84 666.30 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 253.97 666.30 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 282.50 666.30 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 319.79 666.30 Td (actually ) Tj ET Q
q 0 0 0 rg BT 354.74 666.30 Td (received ) Tj ET Q
q 0 0 0 rg BT 392.01 666.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 401.90 666.30 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 426.35 666.30 Td (year ) Tj ET Q
q 0 0 0 rg BT 446.13 666.30 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 468.85 666.30 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 506.72 666.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 516.61 666.30 Td (severance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.70 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 108.68 653.70 Td (described ) Tj ET Q
q 0 0 0 rg BT 151.54 653.70 Td (above, ) Tj ET Q
q 0 0 0 rg BT 181.86 653.70 Td (when ) Tj ET Q
q 0 0 0 rg BT 207.23 653.70 Td (their ) Tj ET Q
q 0 0 0 rg BT 229.10 653.70 Td (employment ) Tj ET Q
q 0 0 0 rg BT 284.21 653.70 Td (ended ) Tj ET Q
q 0 0 0 rg BT 311.91 653.70 Td (ef) Tj ET Q
q 0 0 0 rg BT 319.88 653.70 Td (fective ) Tj ET Q
q 0 0 0 rg BT 351.07 653.70 Td (as ) Tj ET Q
q 0 0 0 rg BT 362.44 653.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 373.81 653.70 Td (January ) Tj ET Q
q 0 0 0 rg BT 409.09 653.70 Td (1, ) Tj ET Q
q 0 0 0 rg BT 419.59 653.70 Td (2020.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 595.2 m
276.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
276.25 595.2 m
364.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.25 595.2 m
381.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.25 595.2 m
457.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.25 595.2 m
470.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
470.25 595.2 m
540.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
540.25 595.2 m
557.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 595.2 m
276.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
276.25 595.2 m
364.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.25 595.2 m
381.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.25 595.2 m
457.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.25 595.2 m
470.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
470.25 595.2 m
540.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
540.25 595.2 m
557.25 595.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 520.2 m
276.25 520.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
276.25 520.2 m
364.25 520.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.25 520.2 m
381.25 520.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.25 520.2 m
457.25 520.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.25 520.2 m
470.25 520.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
470.25 520.2 m
540.25 520.2 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 445.20000000000005 m
276.25 445.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
276.25 445.20000000000005 m
364.25 445.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.25 445.20000000000005 m
381.25 445.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.25 445.20000000000005 m
457.25 445.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.25 445.20000000000005 m
470.25 445.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
470.25 445.20000000000005 m
540.25 445.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 393.20000000000005 m
276.25 393.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
276.25 393.20000000000005 m
364.25 393.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.25 393.20000000000005 m
381.25 393.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.25 393.20000000000005 m
457.25 393.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.25 393.20000000000005 m
470.25 393.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
470.25 393.20000000000005 m
540.25 393.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 341.20000000000005 m
276.25 341.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
276.25 341.20000000000005 m
364.25 341.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.25 341.20000000000005 m
381.25 341.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.25 341.20000000000005 m
457.25 341.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.25 341.20000000000005 m
470.25 341.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
470.25 341.20000000000005 m
540.25 341.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 341.20000000000005 m
276.25 341.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 283.20000000000005 m
276.25 283.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
276.25 283.20000000000005 m
364.25 283.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.25 283.20000000000005 m
381.25 283.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.25 283.20000000000005 m
457.25 283.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.25 283.20000000000005 m
470.25 283.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
470.25 283.20000000000005 m
540.25 283.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 253.20000000000005 m
276.25 253.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
276.25 253.20000000000005 m
364.25 253.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.25 253.20000000000005 m
381.25 253.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.25 253.20000000000005 m
457.25 253.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.25 253.20000000000005 m
470.25 253.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
470.25 253.20000000000005 m
540.25 253.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
540.25 253.20000000000005 m
557.25 253.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 223.20000000000005 m
276.25 223.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
276.25 223.20000000000005 m
364.25 223.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364.25 223.20000000000005 m
381.25 223.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
381.25 223.20000000000005 m
457.25 223.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
457.25 223.20000000000005 m
470.25 223.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
470.25 223.20000000000005 m
540.25 223.20000000000005 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
540.25 223.20000000000005 m
557.25 223.20000000000005 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 599.99 Td (Name) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 279.95 624.69 Td (Accelerated Stock ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 325.15 614.19 Td (Options  ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 340.50 599.99 Td (\($\)) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 352.74 604.75 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 400.65 631.49 Td (Accelerated) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 407.65 620.99 Td (Restricted) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 402.10 610.49 Td (Stock Units ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 433.50 599.99 Td (\($\)) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 445.74 604.75 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 483.65 631.49 Td (Accelerated ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 478.40 620.99 Td (Performance) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 484.10 610.49 Td (Shar) Tj ET Q
q 0 0 0 rg BT 505.50 610.49 Td (e Units) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 524.50 599.99 Td (\($\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 584.99 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 84.72 584.99 Td (A. Sullivan) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 134.33 589.75 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 569.97 Td (Upon Retirement) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 124.36 574.73 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.25 569.97 Td (2,049,132) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 366.75 573.54 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 569.97 Td (8,033,969) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 459.75 573.54 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 489.00 569.97 Td (12,693,283) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 542.75 573.54 Td (\(7\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 554.97 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 77.61 554.97 Td (T) Tj ET Q
q 0 0 0 rg BT 83.57 554.97 Td (ermination) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.75 554.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 554.97 Td (8,033,969) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.75 554.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 539.97 Td (Upon Death or Disability) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.25 539.97 Td (2,049,132) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 539.97 Td (8,033,969) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 539.97 Td (6,242,802) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 542.75 543.54 Td (\(8\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 524.97 Td (Upon a Change in Control) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 162.57 529.73 Td (\(9\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 318.25 524.97 Td (2,049,132) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 524.97 Td (8,033,969) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 524.97 Td (6,242,802) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 509.99 Td (Peter) Tj ET Q
q 0 0 0 rg BT 75.55 509.99 Td ( H. Nachtwey) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 494.97 Td (Upon Retirement) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 124.36 499.73 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.10 494.97 Td (587,594) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 366.75 498.54 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 494.97 Td (2,294,533) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 459.75 498.54 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 494.97 Td (3,608,317) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 542.75 498.54 Td (\(7\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 479.97 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 77.61 479.97 Td (T) Tj ET Q
q 0 0 0 rg BT 83.57 479.97 Td (ermination) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.75 479.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 479.97 Td (2,294,533) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.75 479.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 464.97 Td (Upon Death or Disability) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.10 464.97 Td (587,594) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 464.97 Td (2,294,533) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 464.97 Td (1,761,873) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 542.75 468.54 Td (\(8\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 449.97 Td (Upon a Change in Control) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 162.57 454.73 Td (\(9\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.10 449.97 Td (587,594) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 449.97 Td (2,294,533) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 449.97 Td (1,761,873) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 435.59 Td (T) Tj ET Q
q 0 0 0 rg BT 57.79 435.59 Td (er) Tj ET Q
q 0 0 0 rg BT 66.92 435.59 Td (ence ) Tj ET Q
q 0 0 0 rg BT 88.79 435.59 Td (A. Johnson) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 422.42 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 77.61 422.42 Td (T) Tj ET Q
q 0 0 0 rg BT 83.57 422.42 Td (ermination) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.75 422.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 422.42 Td (1,436,923) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 459.75 425.54 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.75 422.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 409.42 Td (Upon Death or Disability) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.10 409.42 Td (720,735) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 409.42 Td (1,436,923) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 409.42 Td (1,141,885) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 542.75 412.54 Td (\(8\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 396.42 Td (Upon a Change in Control) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 162.57 401.18 Td (\(9\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.10 396.42 Td (720,735) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 396.42 Td (1,436,923) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 494.25 396.42 Td (1,141,885) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 383.59 Td (Patricia Lattin) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 117.95 388.35 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 370.42 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 77.61 370.42 Td (T) Tj ET Q
q 0 0 0 rg BT 83.57 370.42 Td (ermination) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.75 370.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.10 370.42 Td (821,608) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 459.75 373.54 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.75 370.42 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 357.42 Td (Upon Death or Disability) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.35 357.42 Td (57,145) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.10 357.42 Td (821,608) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.10 357.42 Td (286,424) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 542.75 360.54 Td (\(8\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 344.42 Td (Upon a Change in Control) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 162.57 349.18 Td (\(9\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 331.35 344.42 Td (57,145) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.10 344.42 Td (821,608) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.10 344.42 Td (286,424) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 331.59 Td (Thomas C. Mer) Tj ET Q
q 0 0 0 rg BT 122.43 331.59 Td (chant) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 147.51 336.35 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 317.97 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 77.61 317.97 Td (T) Tj ET Q
q 0 0 0 rg BT 83.57 317.97 Td (ermination) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.75 317.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 317.97 Td (1,267,706) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 459.75 321.54 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.75 317.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 302.97 Td (Upon Death or Disability) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.10 302.97 Td (293,442) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 302.97 Td (1,267,706) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.10 302.97 Td (966,432) Tj ET Q
BT /F1 6.00 Tf ET
q 0 0 0 rg BT 542.75 306.54 Td (\(8\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 287.97 Td (Upon a Change in Control) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 162.57 292.73 Td (\(9\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 326.10 287.97 Td (293,442) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 287.97 Td (1,267,706) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 502.10 287.97 Td (966,432) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 272.99 Td (Frances L. Cashman) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 144.80 277.75 Td (\(3\)\(10\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 257.97 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 77.61 257.97 Td (T) Tj ET Q
q 0 0 0 rg BT 83.57 257.97 Td (ermination) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.75 257.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 257.97 Td (1,217,312) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.75 257.97 Td (�) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 242.99 Td (Thomas K. Hoops) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 132.56 247.75 Td (\(3\)\(10\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 227.97 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 77.52 227.97 Td (T) Tj ET Q
q 0 0 0 rg BT 83.20 227.97 Td (ermination) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 349.75 227.97 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 411.25 227.97 Td (1,346,81) Tj ET Q
q 0 0 0 rg BT 448.00 227.97 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 525.75 227.97 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 214.10 Td (\(1\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 214.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 81.90 214.10 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 110.98 214.10 Td (include ) Tj ET Q
q 0 0 0 rg BT 136.49 214.10 Td (unvested, ) Tj ET Q
q 0 0 0 rg BT 168.89 214.10 Td (in-the-money ) Tj ET Q
q 0 0 0 rg BT 213.96 214.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 232.81 214.10 Td (options ) Tj ET Q
q 0 0 0 rg BT 258.33 214.10 Td (that ) Tj ET Q
q 0 0 0 rg BT 272.30 214.10 Td (would ) Tj ET Q
q 0 0 0 rg BT 294.26 214.10 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 336.22 214.10 Td (vest ) Tj ET Q
q 0 0 0 rg BT 351.07 214.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 369.04 214.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.77 214.10 Td (listed ) Tj ET Q
q 0 0 0 rg BT 400.07 214.10 Td (event. ) Tj ET Q
q 0 0 0 rg BT 420.93 214.10 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 452.23 214.10 Td (are ) Tj ET Q
q 0 0 0 rg BT 463.96 214.10 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 498.35 214.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 508.31 214.10 Td (adding ) Tj ET Q
q 0 0 0 rg BT 532.05 214.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 543.35 214.10 Td (each ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 204.50 Td (grant ) Tj ET Q
q 0 0 0 rg BT 85.49 204.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 93.70 204.50 Td (unvested, ) Tj ET Q
q 0 0 0 rg BT 125.69 204.50 Td (in-the-money ) Tj ET Q
q 0 0 0 rg BT 170.34 204.50 Td (options, ) Tj ET Q
q 0 0 0 rg BT 197.45 204.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 208.77 204.50 Td (product ) Tj ET Q
q 0 0 0 rg BT 234.76 204.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 242.98 204.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.30 204.50 Td (number ) Tj ET Q
q 0 0 0 rg BT 280.29 204.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 288.50 204.50 Td (shares ) Tj ET Q
q 0 0 0 rg BT 310.05 204.50 Td (underlying ) Tj ET Q
q 0 0 0 rg BT 346.26 204.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.58 204.50 Td (options ) Tj ET Q
q 0 0 0 rg BT 382.69 204.50 Td (multiplied ) Tj ET Q
q 0 0 0 rg BT 417.13 204.50 Td (by ) Tj ET Q
q 0 0 0 rg BT 426.68 204.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 438.00 204.50 Td (dif) Tj ET Q
q 0 0 0 rg BT 446.75 204.50 Td (ference ) Tj ET Q
q 0 0 0 rg BT 471.83 204.50 Td (between ) Tj ET Q
q 0 0 0 rg BT 500.03 204.50 Td ($48.85 ) Tj ET Q
q 0 0 0 rg BT 523.58 204.50 Td (the ) Tj ET Q
q 0 0 0 rg BT 534.91 204.50 Td (closing ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 194.90 Td (price ) Tj ET Q
q 0 0 0 rg BT 85.44 194.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 94.05 194.90 Td (our ) Tj ET Q
q 0 0 0 rg BT 106.66 194.90 Td (common ) Tj ET Q
q 0 0 0 rg BT 136.61 194.90 Td (stock ) Tj ET Q
q 0 0 0 rg BT 155.45 194.90 Td (on ) Tj ET Q
q 0 0 0 rg BT 165.39 194.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 188.22 194.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 200.17 194.90 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 220.12 194.90 Td (which ) Tj ET Q
q 0 0 0 rg BT 241.62 194.90 Td (was ) Tj ET Q
q 0 0 0 rg BT 256.01 194.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 267.73 194.90 Td (last ) Tj ET Q
q 0 0 0 rg BT 280.79 194.90 Td (trading ) Tj ET Q
q 0 0 0 rg BT 305.40 194.90 Td (day ) Tj ET Q
q 0 0 0 rg BT 318.90 194.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 327.52 194.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 339.24 194.90 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 358.51 194.90 Td (year) Tj ET Q
q 0 0 0 rg BT 371.96 194.90 Td (, ) Tj ET Q
q 0 0 0 rg BT 375.91 194.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 389.41 194.90 Td (the ) Tj ET Q
q 0 0 0 rg BT 401.13 194.90 Td (exercise ) Tj ET Q
q 0 0 0 rg BT 429.28 194.90 Td (price. ) Tj ET Q
q 0 0 0 rg BT 449.22 194.90 Td (In ) Tj ET Q
q 0 0 0 rg BT 457.83 194.90 Td (addition, ) Tj ET Q
q 0 0 0 rg BT 488.00 194.90 Td (as ) Tj ET Q
q 0 0 0 rg BT 496.61 194.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 505.23 194.90 Td (March ) Tj ET Q
q 0 0 0 rg BT 528.05 194.90 Td (31, ) Tj ET Q
q 0 0 0 rg BT 540.00 194.90 Td (2020, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 185.30 Td (Mr) Tj ET Q
q 0 0 0 rg BT 76.84 185.30 Td (. ) Tj ET Q
q 0 0 0 rg BT 80.65 185.30 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 109.13 185.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 122.50 185.30 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 136.54 185.30 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 168.13 185.30 Td (held ) Tj ET Q
q 0 0 0 rg BT 183.71 185.30 Td ($13,398,949 ) Tj ET Q
q 0 0 0 rg BT 225.53 185.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 238.89 185.30 Td ($12,070, ) Tj ET Q
q 0 0 0 rg BT 268.71 185.30 Td (respectively) Tj ET Q
q 0 0 0 rg BT 306.84 185.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 310.65 185.30 Td (of ) Tj ET Q
q 0 0 0 rg BT 319.13 185.30 Td (in-the-money) Tj ET Q
q 0 0 0 rg BT 361.71 185.30 Td (, ) Tj ET Q
q 0 0 0 rg BT 365.52 185.30 Td (unexercised, ) Tj ET Q
q 0 0 0 rg BT 407.54 185.30 Td (vested ) Tj ET Q
q 0 0 0 rg BT 429.79 185.30 Td (stock ) Tj ET Q
q 0 0 0 rg BT 448.49 185.30 Td (options ) Tj ET Q
q 0 0 0 rg BT 473.87 185.30 Td (\(using ) Tj ET Q
q 0 0 0 rg BT 495.68 185.30 Td (the ) Tj ET Q
q 0 0 0 rg BT 507.27 185.30 Td (same ) Tj ET Q
q 0 0 0 rg BT 525.52 185.30 Td (method ) Tj ET Q
q 0 0 0 rg BT 551.33 185.30 Td (of ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 175.70 Td (calculation\) ) Tj ET Q
q 0 0 0 rg BT 106.86 175.70 Td (which ) Tj ET Q
q 0 0 0 rg BT 128.00 175.70 Td (can ) Tj ET Q
q 0 0 0 rg BT 140.70 175.70 Td (be ) Tj ET Q
q 0 0 0 rg BT 149.85 175.70 Td (exercised ) Tj ET Q
q 0 0 0 rg BT 181.65 175.70 Td (at ) Tj ET Q
q 0 0 0 rg BT 189.02 175.70 Td (any ) Tj ET Q
q 0 0 0 rg BT 202.17 175.70 Td (time, ) Tj ET Q
q 0 0 0 rg BT 219.99 175.70 Td (including ) Tj ET Q
q 0 0 0 rg BT 251.80 175.70 Td (following ) Tj ET Q
q 0 0 0 rg BT 284.51 175.70 Td (termination ) Tj ET Q
q 0 0 0 rg BT 322.99 175.70 Td (\(other ) Tj ET Q
q 0 0 0 rg BT 343.69 175.70 Td (than ) Tj ET Q
q 0 0 0 rg BT 359.06 175.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 364.21 175.70 Td (termination ) Tj ET Q
q 0 0 0 rg BT 402.68 175.70 Td (for ) Tj ET Q
q 0 0 0 rg BT 413.61 175.70 Td (cause\), ) Tj ET Q
q 0 0 0 rg BT 437.64 175.70 Td (death ) Tj ET Q
q 0 0 0 rg BT 456.56 175.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 464.82 175.70 Td (disability) Tj ET Q
q 0 0 0 rg BT 494.08 175.70 Td (, ) Tj ET Q
q 0 0 0 rg BT 497.68 175.70 Td (a ) Tj ET Q
q 0 0 0 rg BT 502.82 175.70 Td (change ) Tj ET Q
q 0 0 0 rg BT 527.07 175.70 Td (of ) Tj ET Q
q 0 0 0 rg BT 535.34 175.70 Td (control ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 166.10 Td (or) Tj ET Q
q 0 0 0 rg BT 73.84 166.10 Td (, ) Tj ET Q
q 0 0 0 rg BT 77.74 166.10 Td (for ) Tj ET Q
q 0 0 0 rg BT 88.97 166.10 Td (Mr) Tj ET Q
q 0 0 0 rg BT 98.30 166.10 Td (. ) Tj ET Q
q 0 0 0 rg BT 102.20 166.10 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 130.77 166.10 Td (retirement. ) Tj ET Q
q 0 0 0 rg BT 167.40 166.10 Td (The ) Tj ET Q
q 0 0 0 rg BT 181.73 166.10 Td (following ) Tj ET Q
q 0 0 0 rg BT 214.74 166.10 Td (table ) Tj ET Q
q 0 0 0 rg BT 232.18 166.10 Td (summarizes ) Tj ET Q
q 0 0 0 rg BT 272.29 166.10 Td (how ) Tj ET Q
q 0 0 0 rg BT 287.97 166.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 299.64 166.10 Td (expiration ) Tj ET Q
q 0 0 0 rg BT 333.97 166.10 Td (dates ) Tj ET Q
q 0 0 0 rg BT 352.30 166.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.86 166.10 Td (stock ) Tj ET Q
q 0 0 0 rg BT 379.65 166.10 Td (options ) Tj ET Q
q 0 0 0 rg BT 405.10 166.10 Td (may ) Tj ET Q
q 0 0 0 rg BT 420.78 166.10 Td (change ) Tj ET Q
q 0 0 0 rg BT 445.33 166.10 Td (upon ) Tj ET Q
q 0 0 0 rg BT 463.22 166.10 Td (a ) Tj ET Q
q 0 0 0 rg BT 468.67 166.10 Td (termination ) Tj ET Q
q 0 0 0 rg BT 507.45 166.10 Td (of ) Tj ET Q
q 0 0 0 rg BT 516.01 166.10 Td (employment, ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 156.50 Td (death, ) Tj ET Q
q 0 0 0 rg BT 88.82 156.50 Td (disability) Tj ET Q
q 0 0 0 rg BT 118.08 156.50 Td (, ) Tj ET Q
q 0 0 0 rg BT 122.08 156.50 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 156.95 156.50 Td (or ) Tj ET Q
q 0 0 0 rg BT 165.62 156.50 Td (change ) Tj ET Q
q 0 0 0 rg BT 190.27 156.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 198.93 156.50 Td (control.) Tj ET Q
endstream
endobj
369 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 370 0 R>>
endobj
370 0 obj
<</Length 53480>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (182) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
62.5 727.5 m
215.5 727.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
215.5 727.5 m
311.5 727.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
311.5 727.5 m
406.5 727.5 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
406.5 727.5 m
557.5 727.5 l
s
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 78.30 739.73 Td (Expiration Dates for) Tj ET Q
q 0 0 0 rg BT 148.44 739.73 Td ( Stock Options) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 85.30 731.73 Td (Outstanding at Mar) Tj ET Q
q 0 0 0 rg BT 153.68 731.73 Td (ch 31, 2020) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 218.25 739.73 Td (Expiration Upon Death or) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 246.55 731.73 Td (Disability) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 329.70 739.73 Td (Expiration Upon) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 339.25 731.73 Td (Retir) Tj ET Q
q 0 0 0 rg BT 356.94 731.73 Td (ement) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 417.30 739.73 Td (Expiration Upon ) Tj ET Q
q 0 0 0 rg BT 476.73 739.73 Td (T) Tj ET Q
q 0 0 0 rg BT 481.33 739.73 Td (ermination Not for) Tj ET Q
BT /F2 8.00 Tf ET
q 0 0 0 rg BT 415.40 731.73 Td (Cause, Death, Disability or) Tj ET Q
q 0 0 0 rg BT 507.03 731.73 Td ( Retir) Tj ET Q
q 0 0 0 rg BT 526.65 731.73 Td (ement) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 65.00 719.45 Td (Ranging from May 16, 2021 - May 15, 2025) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 218.00 719.45 Td (V) Tj ET Q
q 0 0 0 rg BT 223.33 719.45 Td (ested options expire on) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 218.00 711.45 Td (first anniversary of) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 218.00 703.45 Td (termination as a result of) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 218.00 695.45 Td (death or disability�) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 314.00 719.45 Td (V) Tj ET Q
q 0 0 0 rg BT 319.33 719.45 Td (ested options expire three) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 314.00 711.45 Td (months after the last) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 314.00 703.45 Td (vesting date that occurs) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 314.00 695.45 Td (during retirement, subject) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 314.00 687.45 Td (to executive�) Tj ET Q
q 0 0 0 rg BT 355.31 687.45 Td (s compliance) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 314.00 679.45 Td (with non-competition) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 314.00 671.45 Td (obligations) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 719.45 Td (A) Tj ET Q
q 0 0 0 rg BT 414.04 719.45 Td (ward agreements provide that vested) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 711.45 Td (options expire three months after termination) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 703.45 Td (of employment for any reason other than) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 695.45 Td (cause, death, disability) Tj ET Q
q 0 0 0 rg BT 481.35 695.45 Td (, or retirement;) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 687.45 Td (extension until first anniversary of death if) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 679.45 Td (death occurs during post-employment) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 671.45 Td (exercise period. Severance arrangements) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 663.45 Td (approved for executive of) Tj ET Q
q 0 0 0 rg BT 491.26 663.45 Td (ficers on May 20,) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 655.45 Td (2019 modified the awards to provide for the) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 647.45 Td (continued vesting and expiration \(as) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 639.45 Td (applicable\) after termination of employment) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 631.45 Td (for any reason other than death, disability) Tj ET Q
q 0 0 0 rg BT 541.55 631.45 Td (,) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 623.45 Td (retirement or �cause� of all of an executive�) Tj ET Q
q 0 0 0 rg BT 549.15 623.45 Td (s) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 615.45 Td (outstanding stock options, as if the) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 607.45 Td (executive�) Tj ET Q
q 0 0 0 rg BT 441.87 607.45 Td (s employment continued through) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 409.00 599.45 Td (the expiration date of such stock options.) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 583.00 Td (\(2\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 583.00 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 583.00 Td (The ) Tj ET Q
q 0 0 0 rg BT 81.65 583.00 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 110.48 583.00 Td (are ) Tj ET Q
q 0 0 0 rg BT 121.96 583.00 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 156.10 583.00 Td (by ) Tj ET Q
q 0 0 0 rg BT 165.81 583.00 Td (multiplying ) Tj ET Q
q 0 0 0 rg BT 204.87 583.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 216.35 583.00 Td (applicable ) Tj ET Q
q 0 0 0 rg BT 250.94 583.00 Td (number ) Tj ET Q
q 0 0 0 rg BT 277.09 583.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.47 583.00 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 315.63 583.00 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 347.11 583.00 Td (stock ) Tj ET Q
q 0 0 0 rg BT 365.71 583.00 Td (units ) Tj ET Q
q 0 0 0 rg BT 382.98 583.00 Td (held ) Tj ET Q
q 0 0 0 rg BT 398.47 583.00 Td (by ) Tj ET Q
q 0 0 0 rg BT 408.19 583.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 419.68 583.00 Td (named ) Tj ET Q
q 0 0 0 rg BT 442.72 583.00 Td (executive ) Tj ET Q
q 0 0 0 rg BT 475.08 583.00 Td (of) Tj ET Q
q 0 0 0 rg BT 481.60 583.00 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 497.97 583.00 Td (on ) Tj ET Q
q 0 0 0 rg BT 507.68 583.00 Td (March ) Tj ET Q
q 0 0 0 rg BT 530.28 583.00 Td (31, ) Tj ET Q
q 0 0 0 rg BT 542.00 583.00 Td (2020 ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 573.40 Td (by ) Tj ET Q
q 0 0 0 rg BT 77.50 573.40 Td ($48.85, ) Tj ET Q
q 0 0 0 rg BT 103.50 573.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 115.27 573.40 Td (closing ) Tj ET Q
q 0 0 0 rg BT 140.38 573.40 Td (price ) Tj ET Q
q 0 0 0 rg BT 158.37 573.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 167.04 573.40 Td (our ) Tj ET Q
q 0 0 0 rg BT 179.70 573.40 Td (common ) Tj ET Q
q 0 0 0 rg BT 209.70 573.40 Td (stock ) Tj ET Q
q 0 0 0 rg BT 228.58 573.40 Td (on ) Tj ET Q
q 0 0 0 rg BT 238.58 573.40 Td (March ) Tj ET Q
q 0 0 0 rg BT 261.46 573.40 Td (31, ) Tj ET Q
q 0 0 0 rg BT 273.46 573.40 Td (2020.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 561.40 Td (\(3\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 561.40 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 561.40 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 94.92 561.40 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 126.35 561.40 Td (Merchant, ) Tj ET Q
q 0 0 0 rg BT 161.76 561.40 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 185.41 561.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 199.71 561.40 Td (Mmes. ) Tj ET Q
q 0 0 0 rg BT 224.47 561.40 Td (Lattin ) Tj ET Q
q 0 0 0 rg BT 246.33 561.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 260.64 561.40 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 293.17 561.40 Td (would ) Tj ET Q
q 0 0 0 rg BT 315.93 561.40 Td (also ) Tj ET Q
q 0 0 0 rg BT 331.57 561.40 Td (receive ) Tj ET Q
q 0 0 0 rg BT 357.42 561.40 Td (distributions ) Tj ET Q
q 0 0 0 rg BT 400.18 561.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 409.60 561.40 Td (their ) Tj ET Q
q 0 0 0 rg BT 427.02 561.40 Td (phantom ) Tj ET Q
q 0 0 0 rg BT 457.77 561.40 Td (stock ) Tj ET Q
q 0 0 0 rg BT 477.41 561.40 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 508.16 561.40 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 531.35 561.40 Td (deferred ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 551.80 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 113.93 551.80 Td (fund ) Tj ET Q
q 0 0 0 rg BT 130.60 551.80 Td (accounts, ) Tj ET Q
q 0 0 0 rg BT 162.59 551.80 Td (which ) Tj ET Q
q 0 0 0 rg BT 184.14 551.80 Td (are ) Tj ET Q
q 0 0 0 rg BT 195.90 551.80 Td (not ) Tj ET Q
q 0 0 0 rg BT 208.13 551.80 Td (subject ) Tj ET Q
q 0 0 0 rg BT 232.79 551.80 Td (to ) Tj ET Q
q 0 0 0 rg BT 241.01 551.80 Td (vesting. ) Tj ET Q
q 0 0 0 rg BT 268.12 551.80 Td (See ) Tj ET Q
q 0 0 0 rg BT 281.67 551.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 293.44 551.80 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 328.78 551.80 Td (under ) Tj ET Q
q 0 0 0 rg BT 348.99 551.80 Td (�Non-Qualified ) Tj ET Q
q 0 0 0 rg BT 401.20 551.80 Td (Deferred ) Tj ET Q
q 0 0 0 rg BT 431.62 551.80 Td (Compensation� ) Tj ET Q
q 0 0 0 rg BT 483.39 551.80 Td (above.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 542.20 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 60.58 542.20 Td ( ) Tj ET Q
q 0 0 0 rg BT 62.33 542.20 Td ( ) Tj ET Q
q 0 0 0 rg BT 64.09 542.20 Td ( ) Tj ET Q
q 0 0 0 rg BT 65.84 542.20 Td ( ) Tj ET Q
q 0 0 0 rg BT 67.47 542.20 Td (The ) Tj ET Q
q 0 0 0 rg BT 81.66 542.20 Td (definition ) Tj ET Q
q 0 0 0 rg BT 114.52 542.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 122.93 542.20 Td (�retirement� ) Tj ET Q
q 0 0 0 rg BT 164.66 542.20 Td (is ) Tj ET Q
q 0 0 0 rg BT 171.75 542.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 183.27 542.20 Td (same ) Tj ET Q
q 0 0 0 rg BT 201.46 542.20 Td (for ) Tj ET Q
q 0 0 0 rg BT 212.54 542.20 Td (all ) Tj ET Q
q 0 0 0 rg BT 222.29 542.20 Td (types ) Tj ET Q
q 0 0 0 rg BT 240.93 542.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 249.35 542.20 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 275.76 542.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 289.06 542.20 Td (is ) Tj ET Q
q 0 0 0 rg BT 296.15 542.20 Td (derived ) Tj ET Q
q 0 0 0 rg BT 321.89 542.20 Td (from ) Tj ET Q
q 0 0 0 rg BT 339.20 542.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 350.72 542.20 Td (definition ) Tj ET Q
q 0 0 0 rg BT 383.58 542.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 391.56 542.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 403.08 542.20 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 421.27 542.20 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 446.80 542.20 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 460.77 542.20 Td (Profit ) Tj ET Q
q 0 0 0 rg BT 480.75 542.20 Td (Sharing ) Tj ET Q
q 0 0 0 rg BT 507.39 542.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 520.69 542.20 Td (401\(k\) ) Tj ET Q
q 0 0 0 rg BT 543.77 542.20 Td (Plan ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 532.60 Td (and ) Tj ET Q
q 0 0 0 rg BT 80.52 532.60 Td (T) Tj ET Q
q 0 0 0 rg BT 85.13 532.60 Td (rust, ) Tj ET Q
q 0 0 0 rg BT 100.71 532.60 Td (or ) Tj ET Q
q 0 0 0 rg BT 108.96 532.60 Td (a ) Tj ET Q
q 0 0 0 rg BT 114.10 532.60 Td (successor ) Tj ET Q
q 0 0 0 rg BT 146.34 532.60 Td (provision. ) Tj ET Q
q 0 0 0 rg BT 179.80 532.60 Td (An ) Tj ET Q
q 0 0 0 rg BT 191.16 532.60 Td (executive ) Tj ET Q
q 0 0 0 rg BT 223.39 532.60 Td (becomes ) Tj ET Q
q 0 0 0 rg BT 252.96 532.60 Td (eligible ) Tj ET Q
q 0 0 0 rg BT 278.54 532.60 Td (for ) Tj ET Q
q 0 0 0 rg BT 289.45 532.60 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 323.91 532.60 Td (upon ) Tj ET Q
q 0 0 0 rg BT 341.50 532.60 Td (his ) Tj ET Q
q 0 0 0 rg BT 352.42 532.60 Td (or ) Tj ET Q
q 0 0 0 rg BT 360.67 532.60 Td (her ) Tj ET Q
q 0 0 0 rg BT 372.47 532.60 Td (62) Tj ET Q
BT /F1 8.00 Tf ET
BT /F1 5.20 Tf ET
q 0 0 0 rg BT 380.47 536.23 Td (nd) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 385.66 532.60 Td ( ) Tj ET Q
q 0 0 0 rg BT 387.25 532.60 Td (birthday) Tj ET Q
q 0 0 0 rg BT 413.39 532.60 Td (. ) Tj ET Q
q 0 0 0 rg BT 416.98 532.60 Td (See ) Tj ET Q
q 0 0 0 rg BT 430.11 532.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 441.47 532.60 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 476.39 532.60 Td (preceding ) Tj ET Q
q 0 0 0 rg BT 509.51 532.60 Td (this ) Tj ET Q
q 0 0 0 rg BT 522.66 532.60 Td (table ) Tj ET Q
q 0 0 0 rg BT 539.79 532.60 Td (under ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 523.00 Td (�Potential ) Tj ET Q
q 0 0 0 rg BT 101.49 523.00 Td (Payments ) Tj ET Q
q 0 0 0 rg BT 134.60 523.00 Td (on ) Tj ET Q
q 0 0 0 rg BT 144.46 523.00 Td (T) Tj ET Q
q 0 0 0 rg BT 148.79 523.00 Td (ermination ) Tj ET Q
q 0 0 0 rg BT 185.44 523.00 Td (or ) Tj ET Q
q 0 0 0 rg BT 194.11 523.00 Td (a ) Tj ET Q
q 0 0 0 rg BT 199.66 523.00 Td (Change ) Tj ET Q
q 0 0 0 rg BT 226.09 523.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 234.76 523.00 Td (Control ) Tj ET Q
q 0 0 0 rg BT 261.20 523.00 Td (or ) Tj ET Q
q 0 0 0 rg BT 269.87 523.00 Td (Retirement.�) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 511.00 Td (\(5\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 511.00 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 511.00 Td (Represents ) Tj ET Q
q 0 0 0 rg BT 105.27 511.00 Td (stock ) Tj ET Q
q 0 0 0 rg BT 124.83 511.00 Td (options ) Tj ET Q
q 0 0 0 rg BT 151.07 511.00 Td (for ) Tj ET Q
q 0 0 0 rg BT 163.07 511.00 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 190.41 511.00 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 219.75 511.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 233.97 511.00 Td (Nachtwey ) Tj ET Q
q 0 0 0 rg BT 269.07 511.00 Td (issued ) Tj ET Q
q 0 0 0 rg BT 291.75 511.00 Td (in ) Tj ET Q
q 0 0 0 rg BT 300.64 511.00 Td (2016 ) Tj ET Q
q 0 0 0 rg BT 319.32 511.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 333.54 511.00 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 352.21 511.00 Td (that ) Tj ET Q
q 0 0 0 rg BT 366.88 511.00 Td (would ) Tj ET Q
q 0 0 0 rg BT 389.55 511.00 Td (continue ) Tj ET Q
q 0 0 0 rg BT 419.77 511.00 Td (to ) Tj ET Q
q 0 0 0 rg BT 428.67 511.00 Td (vest ) Tj ET Q
q 0 0 0 rg BT 444.23 511.00 Td (under ) Tj ET Q
q 0 0 0 rg BT 465.12 511.00 Td (their ) Tj ET Q
q 0 0 0 rg BT 482.45 511.00 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 508.23 511.00 Td (schedules ) Tj ET Q
q 0 0 0 rg BT 542.01 511.00 Td (upon ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 501.40 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 104.17 501.40 Td (provided ) Tj ET Q
q 0 0 0 rg BT 134.41 501.40 Td (that ) Tj ET Q
q 0 0 0 rg BT 148.20 501.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.77 501.40 Td (termination ) Tj ET Q
q 0 0 0 rg BT 198.45 501.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 206.91 501.40 Td (employment ) Tj ET Q
q 0 0 0 rg BT 248.71 501.40 Td (at ) Tj ET Q
q 0 0 0 rg BT 256.28 501.40 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 290.95 501.40 Td (is ) Tj ET Q
q 0 0 0 rg BT 298.08 501.40 Td (without ) Tj ET Q
q 0 0 0 rg BT 324.33 501.40 Td (cause, ) Tj ET Q
q 0 0 0 rg BT 345.89 501.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 359.24 501.40 Td (that ) Tj ET Q
q 0 0 0 rg BT 373.04 501.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 384.61 501.40 Td (executive ) Tj ET Q
q 0 0 0 rg BT 417.05 501.40 Td (signs ) Tj ET Q
q 0 0 0 rg BT 435.30 501.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 448.65 501.40 Td (delivers ) Tj ET Q
q 0 0 0 rg BT 475.78 501.40 Td (a ) Tj ET Q
q 0 0 0 rg BT 481.13 501.40 Td (non-compete ) Tj ET Q
q 0 0 0 rg BT 524.69 501.40 Td (agreement ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 491.80 Td (with ) Tj ET Q
q 0 0 0 rg BT 83.98 491.80 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 102.68 491.80 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 126.72 491.80 Td (and ) Tj ET Q
q 0 0 0 rg BT 140.54 491.80 Td (does ) Tj ET Q
q 0 0 0 rg BT 157.46 491.80 Td (not ) Tj ET Q
q 0 0 0 rg BT 169.95 491.80 Td (engage ) Tj ET Q
q 0 0 0 rg BT 194.86 491.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 203.34 491.80 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 243.37 491.80 Td (activity ) Tj ET Q
q 0 0 0 rg BT 269.63 491.80 Td (as ) Tj ET Q
q 0 0 0 rg BT 278.55 491.80 Td (provided ) Tj ET Q
q 0 0 0 rg BT 309.25 491.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 317.73 491.80 Td (that ) Tj ET Q
q 0 0 0 rg BT 331.99 491.80 Td (agreement. ) Tj ET Q
q 0 0 0 rg BT 369.57 491.80 Td (During ) Tj ET Q
q 0 0 0 rg BT 394.49 491.80 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 431.63 491.80 Td (if ) Tj ET Q
q 0 0 0 rg BT 438.77 491.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 450.81 491.80 Td (executive ) Tj ET Q
q 0 0 0 rg BT 483.72 491.80 Td (engages ) Tj ET Q
q 0 0 0 rg BT 511.75 491.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 520.23 491.80 Td (competitive ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 482.20 Td (activity) Tj ET Q
q 0 0 0 rg BT 90.97 482.20 Td (, ) Tj ET Q
q 0 0 0 rg BT 95.02 482.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 106.83 482.20 Td (portion ) Tj ET Q
q 0 0 0 rg BT 131.98 482.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 140.69 482.20 Td (stock ) Tj ET Q
q 0 0 0 rg BT 159.62 482.20 Td (options ) Tj ET Q
q 0 0 0 rg BT 185.22 482.20 Td (that ) Tj ET Q
q 0 0 0 rg BT 199.26 482.20 Td (are ) Tj ET Q
q 0 0 0 rg BT 211.07 482.20 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 241.55 482.20 Td (at ) Tj ET Q
q 0 0 0 rg BT 249.37 482.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 261.18 482.20 Td (time ) Tj ET Q
q 0 0 0 rg BT 277.45 482.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 286.15 482.20 Td (such ) Tj ET Q
q 0 0 0 rg BT 302.86 482.20 Td (activity ) Tj ET Q
q 0 0 0 rg BT 328.89 482.20 Td (will ) Tj ET Q
q 0 0 0 rg BT 343.38 482.20 Td (be ) Tj ET Q
q 0 0 0 rg BT 352.98 482.20 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 395.01 482.20 Td (forfeited. ) Tj ET Q
q 0 0 0 rg BT 426.59 482.20 Td (In ) Tj ET Q
q 0 0 0 rg BT 435.30 482.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 447.11 482.20 Td (event ) Tj ET Q
q 0 0 0 rg BT 466.48 482.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 475.19 482.20 Td (death ) Tj ET Q
q 0 0 0 rg BT 494.55 482.20 Td (during ) Tj ET Q
q 0 0 0 rg BT 517.48 482.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 529.30 482.20 Td (period ) Tj ET Q
q 0 0 0 rg BT 551.78 482.20 Td (in ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 472.60 Td (which ) Tj ET Q
q 0 0 0 rg BT 89.05 472.60 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 119.49 472.60 Td (stock ) Tj ET Q
q 0 0 0 rg BT 138.38 472.60 Td (options ) Tj ET Q
q 0 0 0 rg BT 163.93 472.60 Td (continue ) Tj ET Q
q 0 0 0 rg BT 193.48 472.60 Td (to ) Tj ET Q
q 0 0 0 rg BT 201.70 472.60 Td (vest ) Tj ET Q
q 0 0 0 rg BT 216.59 472.60 Td (after ) Tj ET Q
q 0 0 0 rg BT 233.24 472.60 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 270.11 472.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 281.89 472.60 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 312.32 472.60 Td (stock ) Tj ET Q
q 0 0 0 rg BT 331.21 472.60 Td (options ) Tj ET Q
q 0 0 0 rg BT 356.77 472.60 Td (will ) Tj ET Q
q 0 0 0 rg BT 371.21 472.60 Td (become ) Tj ET Q
q 0 0 0 rg BT 398.09 472.60 Td (100% ) Tj ET Q
q 0 0 0 rg BT 418.75 472.60 Td (vested.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 460.60 Td (\(6\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 460.60 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 460.60 Td (Represents ) Tj ET Q
q 0 0 0 rg BT 104.73 460.60 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 136.63 460.60 Td (stock ) Tj ET Q
q 0 0 0 rg BT 155.64 460.60 Td (units ) Tj ET Q
q 0 0 0 rg BT 173.33 460.60 Td (that ) Tj ET Q
q 0 0 0 rg BT 187.46 460.60 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 229.58 460.60 Td (vest ) Tj ET Q
q 0 0 0 rg BT 244.60 460.60 Td (upon ) Tj ET Q
q 0 0 0 rg BT 262.73 460.60 Td (a ) Tj ET Q
q 0 0 0 rg BT 268.41 460.60 Td (termination ) Tj ET Q
q 0 0 0 rg BT 307.42 460.60 Td (that ) Tj ET Q
q 0 0 0 rg BT 321.54 460.60 Td (is ) Tj ET Q
q 0 0 0 rg BT 329.01 460.60 Td (not ) Tj ET Q
q 0 0 0 rg BT 341.37 460.60 Td (for ) Tj ET Q
q 0 0 0 rg BT 352.82 460.60 Td (cause ) Tj ET Q
q 0 0 0 rg BT 372.72 460.60 Td (or) Tj ET Q
q 0 0 0 rg BT 379.06 460.60 Td (, ) Tj ET Q
q 0 0 0 rg BT 383.20 460.60 Td (for ) Tj ET Q
q 0 0 0 rg BT 394.65 460.60 Td (Messrs. ) Tj ET Q
q 0 0 0 rg BT 421.45 460.60 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 450.25 460.60 Td (and ) Tj ET Q
q 0 0 0 rg BT 463.93 460.60 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 495.84 460.60 Td (, ) Tj ET Q
q 0 0 0 rg BT 499.97 460.60 Td (would ) Tj ET Q
q 0 0 0 rg BT 522.11 460.60 Td (continue ) Tj ET Q
q 0 0 0 rg BT 551.78 460.60 Td (to ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 451.00 Td (vest ) Tj ET Q
q 0 0 0 rg BT 82.08 451.00 Td (under ) Tj ET Q
q 0 0 0 rg BT 101.99 451.00 Td (their ) Tj ET Q
q 0 0 0 rg BT 118.35 451.00 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 143.16 451.00 Td (schedules ) Tj ET Q
q 0 0 0 rg BT 175.95 451.00 Td (upon ) Tj ET Q
q 0 0 0 rg BT 193.65 451.00 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 230.22 451.00 Td (provided ) Tj ET Q
q 0 0 0 rg BT 260.35 451.00 Td (that ) Tj ET Q
q 0 0 0 rg BT 274.04 451.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 285.51 451.00 Td (termination ) Tj ET Q
q 0 0 0 rg BT 324.09 451.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 332.45 451.00 Td (employment ) Tj ET Q
q 0 0 0 rg BT 374.14 451.00 Td (at ) Tj ET Q
q 0 0 0 rg BT 381.61 451.00 Td (retirement ) Tj ET Q
q 0 0 0 rg BT 416.17 451.00 Td (is ) Tj ET Q
q 0 0 0 rg BT 423.21 451.00 Td (without ) Tj ET Q
q 0 0 0 rg BT 449.35 451.00 Td (cause, ) Tj ET Q
q 0 0 0 rg BT 470.81 451.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 484.06 451.00 Td (that ) Tj ET Q
q 0 0 0 rg BT 497.75 451.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 509.22 451.00 Td (executive ) Tj ET Q
q 0 0 0 rg BT 541.56 451.00 Td (signs ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 441.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 81.07 441.40 Td (delivers ) Tj ET Q
q 0 0 0 rg BT 108.42 441.40 Td (a ) Tj ET Q
q 0 0 0 rg BT 113.99 441.40 Td (non-compete ) Tj ET Q
q 0 0 0 rg BT 157.77 441.40 Td (agreement ) Tj ET Q
q 0 0 0 rg BT 193.10 441.40 Td (with ) Tj ET Q
q 0 0 0 rg BT 209.35 441.40 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 227.80 441.40 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 251.60 441.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 265.17 441.40 Td (does ) Tj ET Q
q 0 0 0 rg BT 281.86 441.40 Td (not ) Tj ET Q
q 0 0 0 rg BT 294.10 441.40 Td (engage ) Tj ET Q
q 0 0 0 rg BT 318.77 441.40 Td (in ) Tj ET Q
q 0 0 0 rg BT 327.02 441.40 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 366.80 441.40 Td (activity ) Tj ET Q
q 0 0 0 rg BT 392.82 441.40 Td (as ) Tj ET Q
q 0 0 0 rg BT 401.50 441.40 Td (provided ) Tj ET Q
q 0 0 0 rg BT 431.96 441.40 Td (in ) Tj ET Q
q 0 0 0 rg BT 440.20 441.40 Td (that ) Tj ET Q
q 0 0 0 rg BT 454.22 441.40 Td (agreement. ) Tj ET Q
q 0 0 0 rg BT 491.55 441.40 Td (During ) Tj ET Q
q 0 0 0 rg BT 516.24 441.40 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 553.13 441.40 Td (if ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 431.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 78.87 431.80 Td (executive ) Tj ET Q
q 0 0 0 rg BT 111.11 431.80 Td (engages ) Tj ET Q
q 0 0 0 rg BT 138.47 431.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 146.29 431.80 Td (competitive ) Tj ET Q
q 0 0 0 rg BT 185.65 431.80 Td (activity) Tj ET Q
q 0 0 0 rg BT 209.13 431.80 Td (, ) Tj ET Q
q 0 0 0 rg BT 212.72 431.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 224.09 431.80 Td (portion ) Tj ET Q
q 0 0 0 rg BT 248.80 431.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 257.06 431.80 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 288.41 431.80 Td (stock ) Tj ET Q
q 0 0 0 rg BT 306.90 431.80 Td (units ) Tj ET Q
q 0 0 0 rg BT 324.05 431.80 Td (that ) Tj ET Q
q 0 0 0 rg BT 337.64 431.80 Td (are ) Tj ET Q
q 0 0 0 rg BT 349.00 431.80 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 379.04 431.80 Td (at ) Tj ET Q
q 0 0 0 rg BT 386.41 431.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 397.78 431.80 Td (time ) Tj ET Q
q 0 0 0 rg BT 413.59 431.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 421.85 431.80 Td (such ) Tj ET Q
q 0 0 0 rg BT 438.11 431.80 Td (activity ) Tj ET Q
q 0 0 0 rg BT 463.70 431.80 Td (will ) Tj ET Q
q 0 0 0 rg BT 477.74 431.80 Td (be ) Tj ET Q
q 0 0 0 rg BT 486.88 431.80 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 528.47 431.80 Td (forfeited. ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 422.20 Td (In ) Tj ET Q
q 0 0 0 rg BT 76.51 422.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 88.62 422.20 Td (event ) Tj ET Q
q 0 0 0 rg BT 108.29 422.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 117.29 422.20 Td (death ) Tj ET Q
q 0 0 0 rg BT 136.96 422.20 Td (during ) Tj ET Q
q 0 0 0 rg BT 160.19 422.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 172.30 422.20 Td (period ) Tj ET Q
q 0 0 0 rg BT 195.08 422.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 203.65 422.20 Td (which ) Tj ET Q
q 0 0 0 rg BT 225.54 422.20 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 256.32 422.20 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 288.42 422.20 Td (stock ) Tj ET Q
q 0 0 0 rg BT 307.65 422.20 Td (units ) Tj ET Q
q 0 0 0 rg BT 325.55 422.20 Td (continue ) Tj ET Q
q 0 0 0 rg BT 355.44 422.20 Td (to ) Tj ET Q
q 0 0 0 rg BT 364.00 422.20 Td (vest ) Tj ET Q
q 0 0 0 rg BT 379.23 422.20 Td (after ) Tj ET Q
q 0 0 0 rg BT 396.23 422.20 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 433.44 422.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 445.55 422.20 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 476.33 422.20 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 508.44 422.20 Td (stock ) Tj ET Q
q 0 0 0 rg BT 527.67 422.20 Td (units ) Tj ET Q
q 0 0 0 rg BT 545.57 422.20 Td (will ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 412.60 Td (become ) Tj ET Q
q 0 0 0 rg BT 94.38 412.60 Td (100% ) Tj ET Q
q 0 0 0 rg BT 115.04 412.60 Td (vested ) Tj ET Q
q 0 0 0 rg BT 137.48 412.60 Td (as ) Tj ET Q
q 0 0 0 rg BT 146.14 412.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 154.80 412.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 166.58 412.60 Td (date ) Tj ET Q
q 0 0 0 rg BT 181.90 412.60 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 200.34 412.60 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 224.12 412.60 Td (becomes ) Tj ET Q
q 0 0 0 rg BT 254.11 412.60 Td (aware ) Tj ET Q
q 0 0 0 rg BT 275.20 412.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 283.86 412.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 295.64 412.60 Td (death.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 400.60 Td (\(7\) ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 60.83 400.60 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 400.60 Td (Retirement ) Tj ET Q
q 0 0 0 rg BT 105.26 400.60 Td (amount ) Tj ET Q
q 0 0 0 rg BT 131.47 400.60 Td (represents ) Tj ET Q
q 0 0 0 rg BT 166.12 400.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 178.11 400.60 Td (total ) Tj ET Q
q 0 0 0 rg BT 194.54 400.60 Td (number ) Tj ET Q
q 0 0 0 rg BT 221.19 400.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 230.07 400.60 Td (performance ) Tj ET Q
q 0 0 0 rg BT 272.71 400.60 Td (share ) Tj ET Q
q 0 0 0 rg BT 291.80 400.60 Td (units ) Tj ET Q
q 0 0 0 rg BT 309.58 400.60 Td (at ) Tj ET Q
q 0 0 0 rg BT 317.57 400.60 Td (tar) Tj ET Q
q 0 0 0 rg BT 325.86 400.60 Td (get ) Tj ET Q
q 0 0 0 rg BT 337.85 400.60 Td (for ) Tj ET Q
q 0 0 0 rg BT 349.39 400.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.38 400.60 Td (May ) Tj ET Q
q 0 0 0 rg BT 378.26 400.60 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 396.48 400.60 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 423.35 400.60 Td (which ) Tj ET Q
q 0 0 0 rg BT 445.12 400.60 Td (were ) Tj ET Q
q 0 0 0 rg BT 462.87 400.60 Td (valued ) Tj ET Q
q 0 0 0 rg BT 486.41 400.60 Td (at ) Tj ET Q
q 0 0 0 rg BT 494.40 400.60 Td (141% ) Tj ET Q
q 0 0 0 rg BT 515.28 400.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 524.16 400.60 Td (tar) Tj ET Q
q 0 0 0 rg BT 532.46 400.60 Td (get, ) Tj ET Q
q 0 0 0 rg BT 546.45 400.60 Td (and ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 391.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.57 391.00 Td (total ) Tj ET Q
q 0 0 0 rg BT 96.09 391.00 Td (number ) Tj ET Q
q 0 0 0 rg BT 122.83 391.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 131.79 391.00 Td (performance ) Tj ET Q
q 0 0 0 rg BT 174.51 391.00 Td (share ) Tj ET Q
q 0 0 0 rg BT 193.69 391.00 Td (units ) Tj ET Q
q 0 0 0 rg BT 211.55 391.00 Td (at ) Tj ET Q
q 0 0 0 rg BT 219.62 391.00 Td (tar) Tj ET Q
q 0 0 0 rg BT 227.91 391.00 Td (get, ) Tj ET Q
q 0 0 0 rg BT 241.99 391.00 Td (for ) Tj ET Q
q 0 0 0 rg BT 253.62 391.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 265.69 391.00 Td (May ) Tj ET Q
q 0 0 0 rg BT 282.65 391.00 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 300.95 391.00 Td (awards ) Tj ET Q
q 0 0 0 rg BT 325.91 391.00 Td (which ) Tj ET Q
q 0 0 0 rg BT 347.76 391.00 Td (were ) Tj ET Q
q 0 0 0 rg BT 365.60 391.00 Td (valued ) Tj ET Q
q 0 0 0 rg BT 389.23 391.00 Td (at ) Tj ET Q
q 0 0 0 rg BT 397.30 391.00 Td (125%, ) Tj ET Q
q 0 0 0 rg BT 420.26 391.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 434.11 391.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 446.19 391.00 Td (total ) Tj ET Q
q 0 0 0 rg BT 462.71 391.00 Td (number ) Tj ET Q
q 0 0 0 rg BT 489.44 391.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 498.41 391.00 Td (performance ) Tj ET Q
q 0 0 0 rg BT 541.12 391.00 Td (share ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 381.40 Td (units ) Tj ET Q
q 0 0 0 rg BT 84.74 381.40 Td (at ) Tj ET Q
q 0 0 0 rg BT 92.20 381.40 Td (tar) Tj ET Q
q 0 0 0 rg BT 100.49 381.40 Td (get ) Tj ET Q
q 0 0 0 rg BT 111.95 381.40 Td (for ) Tj ET Q
q 0 0 0 rg BT 122.96 381.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 134.42 381.40 Td (May ) Tj ET Q
q 0 0 0 rg BT 150.77 381.40 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 168.46 381.40 Td (awards, ) Tj ET Q
q 0 0 0 rg BT 194.80 381.40 Td (which ) Tj ET Q
q 0 0 0 rg BT 216.03 381.40 Td (were ) Tj ET Q
q 0 0 0 rg BT 233.26 381.40 Td (valued ) Tj ET Q
q 0 0 0 rg BT 256.27 381.40 Td (at ) Tj ET Q
q 0 0 0 rg BT 263.73 381.40 Td (125% ) Tj ET Q
q 0 0 0 rg BT 284.08 381.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 292.42 381.40 Td (tar) Tj ET Q
q 0 0 0 rg BT 300.72 381.40 Td (get. ) Tj ET Q
q 0 0 0 rg BT 314.17 381.40 Td (Upon ) Tj ET Q
q 0 0 0 rg BT 333.64 381.40 Td (retirement, ) Tj ET Q
q 0 0 0 rg BT 370.19 381.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 381.65 381.40 Td (entire ) Tj ET Q
q 0 0 0 rg BT 401.55 381.40 Td (value ) Tj ET Q
q 0 0 0 rg BT 420.55 381.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 428.90 381.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 440.36 381.40 Td (May ) Tj ET Q
q 0 0 0 rg BT 456.71 381.40 Td (2019, ) Tj ET Q
q 0 0 0 rg BT 476.39 381.40 Td (May ) Tj ET Q
q 0 0 0 rg BT 492.74 381.40 Td (2018, ) Tj ET Q
q 0 0 0 rg BT 512.43 381.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 525.66 381.40 Td (May ) Tj ET Q
q 0 0 0 rg BT 542.01 381.40 Td (2017 ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 371.80 Td (awards ) Tj ET Q
q 0 0 0 rg BT 92.05 371.80 Td (at ) Tj ET Q
q 0 0 0 rg BT 99.72 371.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 111.38 371.80 Td (end ) Tj ET Q
q 0 0 0 rg BT 124.83 371.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 133.39 371.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 145.05 371.80 Td (respective ) Tj ET Q
q 0 0 0 rg BT 179.37 371.80 Td (performance ) Tj ET Q
q 0 0 0 rg BT 221.68 371.80 Td (periods ) Tj ET Q
q 0 0 0 rg BT 247.13 371.80 Td (would ) Tj ET Q
q 0 0 0 rg BT 269.02 371.80 Td (vest ) Tj ET Q
q 0 0 0 rg BT 283.80 371.80 Td (and ) Tj ET Q
q 0 0 0 rg BT 297.25 371.80 Td (be ) Tj ET Q
q 0 0 0 rg BT 306.69 371.80 Td (earned, ) Tj ET Q
q 0 0 0 rg BT 331.90 371.80 Td (and ) Tj ET Q
q 0 0 0 rg BT 345.34 371.80 Td (paid ) Tj ET Q
q 0 0 0 rg BT 361.01 371.80 Td (out ) Tj ET Q
q 0 0 0 rg BT 373.13 371.80 Td (subject ) Tj ET Q
q 0 0 0 rg BT 397.68 371.80 Td (to ) Tj ET Q
q 0 0 0 rg BT 405.80 371.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 417.46 371.80 Td (determination ) Tj ET Q
q 0 0 0 rg BT 463.79 371.80 Td (and ) Tj ET Q
q 0 0 0 rg BT 477.23 371.80 Td (certification ) Tj ET Q
q 0 0 0 rg BT 517.77 371.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 526.33 371.80 Td (payout ) Tj ET Q
q 0 0 0 rg BT 550.00 371.80 Td (by ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 362.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.44 362.20 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 127.82 362.20 Td (Committee. ) Tj ET Q
q 0 0 0 rg BT 167.38 362.20 Td (The ) Tj ET Q
q 0 0 0 rg BT 181.98 362.20 Td (May ) Tj ET Q
q 0 0 0 rg BT 198.80 362.20 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 216.97 362.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 230.68 362.20 Td (2018 ) Tj ET Q
q 0 0 0 rg BT 248.84 362.20 Td (awards ) Tj ET Q
q 0 0 0 rg BT 273.66 362.20 Td (were ) Tj ET Q
q 0 0 0 rg BT 291.37 362.20 Td (valued ) Tj ET Q
q 0 0 0 rg BT 314.86 362.20 Td (based ) Tj ET Q
q 0 0 0 rg BT 335.23 362.20 Td (on ) Tj ET Q
q 0 0 0 rg BT 345.40 362.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 357.18 362.20 Td (TSR ) Tj ET Q
q 0 0 0 rg BT 374.01 362.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 387.73 362.20 Td (or) Tj ET Q
q 0 0 0 rg BT 394.25 362.20 Td (ganic ) Tj ET Q
q 0 0 0 rg BT 413.73 362.20 Td (growth ) Tj ET Q
q 0 0 0 rg BT 438.56 362.20 Td (rate ) Tj ET Q
q 0 0 0 rg BT 452.71 362.20 Td (rankings ) Tj ET Q
q 0 0 0 rg BT 482.43 362.20 Td (at ) Tj ET Q
q 0 0 0 rg BT 490.36 362.20 Td (March ) Tj ET Q
q 0 0 0 rg BT 513.40 362.20 Td (31, ) Tj ET Q
q 0 0 0 rg BT 525.57 362.20 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 545.57 362.20 Td (The ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 352.60 Td (payout ) Tj ET Q
q 0 0 0 rg BT 91.43 352.60 Td (for ) Tj ET Q
q 0 0 0 rg BT 102.91 352.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 114.84 352.60 Td (May ) Tj ET Q
q 0 0 0 rg BT 131.66 352.60 Td (2017 ) Tj ET Q
q 0 0 0 rg BT 149.82 352.60 Td (awards ) Tj ET Q
q 0 0 0 rg BT 174.63 352.60 Td (was ) Tj ET Q
q 0 0 0 rg BT 189.22 352.60 Td (tracking ) Tj ET Q
q 0 0 0 rg BT 217.59 352.60 Td (at ) Tj ET Q
q 0 0 0 rg BT 225.52 352.60 Td (141% ) Tj ET Q
q 0 0 0 rg BT 246.34 352.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 255.16 352.60 Td (tar) Tj ET Q
q 0 0 0 rg BT 263.45 352.60 Td (get ) Tj ET Q
q 0 0 0 rg BT 275.38 352.60 Td (based ) Tj ET Q
q 0 0 0 rg BT 295.75 352.60 Td (on ) Tj ET Q
q 0 0 0 rg BT 305.90 352.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 317.68 352.60 Td (TSR ) Tj ET Q
q 0 0 0 rg BT 334.50 352.60 Td (rankings ) Tj ET Q
q 0 0 0 rg BT 364.21 352.60 Td (at ) Tj ET Q
q 0 0 0 rg BT 372.14 352.60 Td (March ) Tj ET Q
q 0 0 0 rg BT 395.17 352.60 Td (31, ) Tj ET Q
q 0 0 0 rg BT 407.33 352.60 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 427.33 352.60 Td (These ) Tj ET Q
q 0 0 0 rg BT 448.58 352.60 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 477.85 352.60 Td (were ) Tj ET Q
q 0 0 0 rg BT 495.55 352.60 Td (vested ) Tj ET Q
q 0 0 0 rg BT 518.14 352.60 Td (and ) Tj ET Q
q 0 0 0 rg BT 531.85 352.60 Td (paid ) Tj ET Q
q 0 0 0 rg BT 547.78 352.60 Td (out ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 343.00 Td (following ) Tj ET Q
q 0 0 0 rg BT 100.61 343.00 Td (certification ) Tj ET Q
q 0 0 0 rg BT 141.25 343.00 Td (by ) Tj ET Q
q 0 0 0 rg BT 151.25 343.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 163.03 343.00 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 211.25 343.00 Td (Committee ) Tj ET Q
q 0 0 0 rg BT 248.80 343.00 Td (at ) Tj ET Q
q 0 0 0 rg BT 256.57 343.00 Td (105% ) Tj ET Q
q 0 0 0 rg BT 277.23 343.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 285.90 343.00 Td (tar) Tj ET Q
q 0 0 0 rg BT 294.19 343.00 Td (get.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 331.00 Td (\(8\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 331.00 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 331.00 Td (Death ) Tj ET Q
q 0 0 0 rg BT 88.93 331.00 Td (or ) Tj ET Q
q 0 0 0 rg BT 97.92 331.00 Td (disability ) Tj ET Q
q 0 0 0 rg BT 130.02 331.00 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 159.45 331.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 173.33 331.00 Td (change ) Tj ET Q
q 0 0 0 rg BT 198.31 331.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 207.30 331.00 Td (control ) Tj ET Q
q 0 0 0 rg BT 232.28 331.00 Td (amounts ) Tj ET Q
q 0 0 0 rg BT 261.72 331.00 Td (represent ) Tj ET Q
q 0 0 0 rg BT 293.36 331.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 305.46 331.00 Td (product ) Tj ET Q
q 0 0 0 rg BT 332.22 331.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 341.21 331.00 Td (the ) Tj ET Q
q 0 0 0 rg BT 353.31 331.00 Td (pro-rata ) Tj ET Q
q 0 0 0 rg BT 380.95 331.00 Td (portion ) Tj ET Q
q 0 0 0 rg BT 406.38 331.00 Td (of ) Tj ET Q
q 0 0 0 rg BT 415.37 331.00 Td (performance ) Tj ET Q
q 0 0 0 rg BT 458.12 331.00 Td (share ) Tj ET Q
q 0 0 0 rg BT 477.32 331.00 Td (units ) Tj ET Q
q 0 0 0 rg BT 495.20 331.00 Td (at ) Tj ET Q
q 0 0 0 rg BT 503.30 331.00 Td (tar) Tj ET Q
q 0 0 0 rg BT 511.59 331.00 Td (get ) Tj ET Q
q 0 0 0 rg BT 523.69 331.00 Td (that ) Tj ET Q
q 0 0 0 rg BT 538.01 331.00 Td (would ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 321.40 Td (immediately ) Tj ET Q
q 0 0 0 rg BT 109.49 321.40 Td (vest ) Tj ET Q
q 0 0 0 rg BT 124.38 321.40 Td (multiplied ) Tj ET Q
q 0 0 0 rg BT 159.26 321.40 Td (by ) Tj ET Q
q 0 0 0 rg BT 169.26 321.40 Td ($48.85, ) Tj ET Q
q 0 0 0 rg BT 195.26 321.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 207.04 321.40 Td (closing ) Tj ET Q
q 0 0 0 rg BT 232.14 321.40 Td (price ) Tj ET Q
q 0 0 0 rg BT 250.13 321.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 258.80 321.40 Td (our ) Tj ET Q
q 0 0 0 rg BT 271.46 321.40 Td (common ) Tj ET Q
q 0 0 0 rg BT 301.46 321.40 Td (stock ) Tj ET Q
q 0 0 0 rg BT 320.34 321.40 Td (on ) Tj ET Q
q 0 0 0 rg BT 330.34 321.40 Td (March ) Tj ET Q
q 0 0 0 rg BT 353.22 321.40 Td (31, ) Tj ET Q
q 0 0 0 rg BT 365.22 321.40 Td (2020.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 309.40 Td (\(9\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 58.83 309.40 Td ( ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 309.40 Td (The ) Tj ET Q
q 0 0 0 rg BT 82.05 309.40 Td (definition ) Tj ET Q
q 0 0 0 rg BT 115.27 309.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 124.05 309.40 Td (�change ) Tj ET Q
q 0 0 0 rg BT 152.36 309.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 161.14 309.40 Td (control� ) Tj ET Q
q 0 0 0 rg BT 189.46 309.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 198.24 309.40 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 216.79 309.40 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 240.68 309.40 Td (dif) Tj ET Q
q 0 0 0 rg BT 249.43 309.40 Td (fers ) Tj ET Q
q 0 0 0 rg BT 263.53 309.40 Td (for ) Tj ET Q
q 0 0 0 rg BT 274.97 309.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 286.86 309.40 Td (acceleration ) Tj ET Q
q 0 0 0 rg BT 327.61 309.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 336.39 309.40 Td (stock ) Tj ET Q
q 0 0 0 rg BT 355.39 309.40 Td (options, ) Tj ET Q
q 0 0 0 rg BT 383.06 309.40 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 414.93 309.40 Td (stock ) Tj ET Q
q 0 0 0 rg BT 433.93 309.40 Td (units ) Tj ET Q
q 0 0 0 rg BT 451.61 309.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 465.27 309.40 Td (performance ) Tj ET Q
q 0 0 0 rg BT 507.80 309.40 Td (share ) Tj ET Q
q 0 0 0 rg BT 526.79 309.40 Td (units. ) Tj ET Q
q 0 0 0 rg BT 546.46 309.40 Td (See ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 299.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.51 299.80 Td (discussion ) Tj ET Q
q 0 0 0 rg BT 115.07 299.80 Td (preceding ) Tj ET Q
q 0 0 0 rg BT 148.85 299.80 Td (this ) Tj ET Q
q 0 0 0 rg BT 162.64 299.80 Td (table ) Tj ET Q
q 0 0 0 rg BT 180.42 299.80 Td (under ) Tj ET Q
q 0 0 0 rg BT 200.86 299.80 Td (�Potential ) Tj ET Q
q 0 0 0 rg BT 235.09 299.80 Td (Payments ) Tj ET Q
q 0 0 0 rg BT 268.43 299.80 Td (on ) Tj ET Q
q 0 0 0 rg BT 278.50 299.80 Td (T) Tj ET Q
q 0 0 0 rg BT 282.83 299.80 Td (ermination ) Tj ET Q
q 0 0 0 rg BT 319.72 299.80 Td (or ) Tj ET Q
q 0 0 0 rg BT 328.61 299.80 Td (a ) Tj ET Q
q 0 0 0 rg BT 334.40 299.80 Td (Change ) Tj ET Q
q 0 0 0 rg BT 361.07 299.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 369.96 299.80 Td (Control ) Tj ET Q
q 0 0 0 rg BT 396.64 299.80 Td (or ) Tj ET Q
q 0 0 0 rg BT 405.54 299.80 Td (Retirement.� ) Tj ET Q
q 0 0 0 rg BT 448.86 299.80 Td (For ) Tj ET Q
q 0 0 0 rg BT 462.21 299.80 Td (stock ) Tj ET Q
q 0 0 0 rg BT 481.33 299.80 Td (options, ) Tj ET Q
q 0 0 0 rg BT 509.12 299.80 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 541.11 299.80 Td (stock ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 290.20 Td (units ) Tj ET Q
q 0 0 0 rg BT 84.70 290.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 97.89 290.20 Td (performance ) Tj ET Q
q 0 0 0 rg BT 139.94 290.20 Td (share ) Tj ET Q
q 0 0 0 rg BT 158.46 290.20 Td (units, ) Tj ET Q
q 0 0 0 rg BT 177.66 290.20 Td (assumes ) Tj ET Q
q 0 0 0 rg BT 205.96 290.20 Td (termination ) Tj ET Q
q 0 0 0 rg BT 244.48 290.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 252.78 290.20 Td (employment ) Tj ET Q
q 0 0 0 rg BT 294.41 290.20 Td (on ) Tj ET Q
q 0 0 0 rg BT 304.05 290.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 315.46 290.20 Td (change ) Tj ET Q
q 0 0 0 rg BT 339.75 290.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 348.06 290.20 Td (control ) Tj ET Q
q 0 0 0 rg BT 372.36 290.20 Td (date ) Tj ET Q
q 0 0 0 rg BT 387.32 290.20 Td (without ) Tj ET Q
q 0 0 0 rg BT 413.40 290.20 Td (cause ) Tj ET Q
q 0 0 0 rg BT 432.81 290.20 Td (or ) Tj ET Q
q 0 0 0 rg BT 441.11 290.20 Td (for ) Tj ET Q
q 0 0 0 rg BT 452.08 290.20 Td (good ) Tj ET Q
q 0 0 0 rg BT 469.71 290.20 Td (reason ) Tj ET Q
q 0 0 0 rg BT 492.23 290.20 Td (for ) Tj ET Q
q 0 0 0 rg BT 503.20 290.20 Td (awards ) Tj ET Q
q 0 0 0 rg BT 527.49 290.20 Td (for ) Tj ET Q
q 0 0 0 rg BT 538.46 290.20 Td (which ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 280.60 Td (such ) Tj ET Q
q 0 0 0 rg BT 84.16 280.60 Td (a ) Tj ET Q
q 0 0 0 rg BT 89.71 280.60 Td (termination ) Tj ET Q
q 0 0 0 rg BT 128.59 280.60 Td (is ) Tj ET Q
q 0 0 0 rg BT 135.93 280.60 Td (a ) Tj ET Q
q 0 0 0 rg BT 141.48 280.60 Td (condition ) Tj ET Q
q 0 0 0 rg BT 173.70 280.60 Td (to ) Tj ET Q
q 0 0 0 rg BT 181.92 280.60 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 219.89 280.60 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 245.00 280.60 Td (following ) Tj ET Q
q 0 0 0 rg BT 278.11 280.60 Td (a ) Tj ET Q
q 0 0 0 rg BT 283.66 280.60 Td (change ) Tj ET Q
q 0 0 0 rg BT 308.31 280.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 316.97 280.60 Td (control.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 271.00 Td (\(10\) ) Tj ET Q
q 0 0 0 rg BT 65.06 271.00 Td ( ) Tj ET Q
q 0 0 0 rg BT 67.29 271.00 Td (Severance ) Tj ET Q
q 0 0 0 rg BT 102.38 271.00 Td (arrangements ) Tj ET Q
q 0 0 0 rg BT 147.70 271.00 Td (approved ) Tj ET Q
q 0 0 0 rg BT 179.70 271.00 Td (for ) Tj ET Q
q 0 0 0 rg BT 191.26 271.00 Td (executive ) Tj ET Q
q 0 0 0 rg BT 224.13 271.00 Td (of) Tj ET Q
q 0 0 0 rg BT 230.65 271.00 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 250.65 271.00 Td (on ) Tj ET Q
q 0 0 0 rg BT 260.88 271.00 Td (May ) Tj ET Q
q 0 0 0 rg BT 277.77 271.00 Td (20, ) Tj ET Q
q 0 0 0 rg BT 290.00 271.00 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 308.23 271.00 Td (modified ) Tj ET Q
q 0 0 0 rg BT 339.34 271.00 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 370.01 271.00 Td (stock ) Tj ET Q
q 0 0 0 rg BT 389.13 271.00 Td (option ) Tj ET Q
q 0 0 0 rg BT 411.80 271.00 Td (awards ) Tj ET Q
q 0 0 0 rg BT 436.69 271.00 Td (and ) Tj ET Q
q 0 0 0 rg BT 450.47 271.00 Td (performance ) Tj ET Q
q 0 0 0 rg BT 493.11 271.00 Td (share ) Tj ET Q
q 0 0 0 rg BT 512.22 271.00 Td (unit ) Tj ET Q
q 0 0 0 rg BT 526.90 271.00 Td (awards ) Tj ET Q
q 0 0 0 rg BT 551.78 271.00 Td (to ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 261.40 Td (provide ) Tj ET Q
q 0 0 0 rg BT 93.46 261.40 Td (for ) Tj ET Q
q 0 0 0 rg BT 104.32 261.40 Td (the ) Tj ET Q
q 0 0 0 rg BT 115.62 261.40 Td (continued ) Tj ET Q
q 0 0 0 rg BT 148.69 261.40 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 173.33 261.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 186.40 261.40 Td (expiration ) Tj ET Q
q 0 0 0 rg BT 220.36 261.40 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 231.22 261.40 Td (applicable\) ) Tj ET Q
q 0 0 0 rg BT 268.28 261.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 276.47 261.40 Td (such ) Tj ET Q
q 0 0 0 rg BT 292.66 261.40 Td (awards ) Tj ET Q
q 0 0 0 rg BT 316.84 261.40 Td (after ) Tj ET Q
q 0 0 0 rg BT 333.02 261.40 Td (termination ) Tj ET Q
q 0 0 0 rg BT 371.43 261.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 379.62 261.40 Td (employment, ) Tj ET Q
q 0 0 0 rg BT 423.14 261.40 Td (and ) Tj ET Q
q 0 0 0 rg BT 436.21 261.40 Td (for ) Tj ET Q
q 0 0 0 rg BT 447.07 261.40 Td (acceleration ) Tj ET Q
q 0 0 0 rg BT 487.23 261.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 495.42 261.40 Td (vesting ) Tj ET Q
q 0 0 0 rg BT 520.06 261.40 Td (of ) Tj ET Q
q 0 0 0 rg BT 528.25 261.40 Td (restricted ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 251.80 Td (stock ) Tj ET Q
q 0 0 0 rg BT 86.36 251.80 Td (unit ) Tj ET Q
q 0 0 0 rg BT 100.77 251.80 Td (awards ) Tj ET Q
q 0 0 0 rg BT 125.39 251.80 Td (upon ) Tj ET Q
q 0 0 0 rg BT 143.36 251.80 Td (termination ) Tj ET Q
q 0 0 0 rg BT 182.21 251.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 190.84 251.80 Td (employment. ) Tj ET Q
q 0 0 0 rg BT 234.37 251.80 Td (As ) Tj ET Q
q 0 0 0 rg BT 245.23 251.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 253.86 251.80 Td (January ) Tj ET Q
q 0 0 0 rg BT 280.71 251.80 Td (1, ) Tj ET Q
q 0 0 0 rg BT 288.68 251.80 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 308.65 251.80 Td (all ) Tj ET Q
q 0 0 0 rg BT 318.61 251.80 Td (unvested ) Tj ET Q
q 0 0 0 rg BT 349.02 251.80 Td (restricted ) Tj ET Q
q 0 0 0 rg BT 380.75 251.80 Td (stock ) Tj ET Q
q 0 0 0 rg BT 399.60 251.80 Td (unit ) Tj ET Q
q 0 0 0 rg BT 414.02 251.80 Td (awards ) Tj ET Q
q 0 0 0 rg BT 438.64 251.80 Td (held ) Tj ET Q
q 0 0 0 rg BT 454.39 251.80 Td (by ) Tj ET Q
q 0 0 0 rg BT 464.35 251.80 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 478.55 251.80 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 510.29 251.80 Td (and ) Tj ET Q
q 0 0 0 rg BT 523.81 251.80 Td (Mr) Tj ET Q
q 0 0 0 rg BT 533.15 251.80 Td (. ) Tj ET Q
q 0 0 0 rg BT 537.12 251.80 Td (Hoops ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 242.20 Td (were ) Tj ET Q
q 0 0 0 rg BT 85.80 242.20 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 124.53 242.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 133.51 242.20 Td (connection ) Tj ET Q
q 0 0 0 rg BT 171.36 242.20 Td (with ) Tj ET Q
q 0 0 0 rg BT 188.34 242.20 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 203.33 242.20 Td (Cashman�) Tj ET Q
q 0 0 0 rg BT 235.33 242.20 Td (s ) Tj ET Q
q 0 0 0 rg BT 241.20 242.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 255.51 242.20 Td (Mr) Tj ET Q
q 0 0 0 rg BT 264.84 242.20 Td (. ) Tj ET Q
q 0 0 0 rg BT 269.60 242.20 Td (Hoops�) Tj ET Q
q 0 0 0 rg BT 292.56 242.20 Td ( ) Tj ET Q
q 0 0 0 rg BT 295.32 242.20 Td (termination ) Tj ET Q
q 0 0 0 rg BT 334.96 242.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 344.38 242.20 Td (employment. ) Tj ET Q
q 0 0 0 rg BT 388.52 242.20 Td (Amounts ) Tj ET Q
q 0 0 0 rg BT 420.62 242.20 Td (shown ) Tj ET Q
q 0 0 0 rg BT 444.27 242.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 453.25 242.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 465.78 242.20 Td (table ) Tj ET Q
q 0 0 0 rg BT 484.09 242.20 Td (reflect ) Tj ET Q
q 0 0 0 rg BT 507.27 242.20 Td (awards ) Tj ET Q
q 0 0 0 rg BT 532.69 242.20 Td (actually ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 232.60 Td (accelerated ) Tj ET Q
q 0 0 0 rg BT 105.46 232.60 Td (and ) Tj ET Q
q 0 0 0 rg BT 119.02 232.60 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 155.23 232.60 Td (to ) Tj ET Q
q 0 0 0 rg BT 163.46 232.60 Td (Ms. ) Tj ET Q
q 0 0 0 rg BT 177.68 232.60 Td (Cashman ) Tj ET Q
q 0 0 0 rg BT 209.46 232.60 Td (and ) Tj ET Q
q 0 0 0 rg BT 223.01 232.60 Td (Mr) Tj ET Q
q 0 0 0 rg BT 232.34 232.60 Td (. ) Tj ET Q
q 0 0 0 rg BT 236.34 232.60 Td (Hoops ) Tj ET Q
q 0 0 0 rg BT 259.23 232.60 Td (as ) Tj ET Q
q 0 0 0 rg BT 267.90 232.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 276.56 232.60 Td (January ) Tj ET Q
q 0 0 0 rg BT 303.44 232.60 Td (1, ) Tj ET Q
q 0 0 0 rg BT 311.44 232.60 Td (2020. ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 207.40 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 74.88 207.40 Td (Pay ) Tj ET Q
q 0 0 0 rg BT 94.42 207.40 Td (Ratio) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 194.80 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.76 194.80 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 92.69 194.80 Td (pay ) Tj ET Q
q 0 0 0 rg BT 110.78 194.80 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 132.95 194.80 Td (is ) Tj ET Q
q 0 0 0 rg BT 142.89 194.80 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 188.37 194.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 199.47 194.80 Td (accordance ) Tj ET Q
q 0 0 0 rg BT 249.61 194.80 Td (with ) Tj ET Q
q 0 0 0 rg BT 271.21 194.80 Td (Item ) Tj ET Q
q 0 0 0 rg BT 293.38 194.80 Td (402\(u\) ) Tj ET Q
q 0 0 0 rg BT 324.31 194.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 335.98 194.80 Td (Regulation ) Tj ET Q
q 0 0 0 rg BT 384.99 194.80 Td (S-K, ) Tj ET Q
q 0 0 0 rg BT 407.46 194.80 Td (pursuant ) Tj ET Q
q 0 0 0 rg BT 446.56 194.80 Td (to ) Tj ET Q
q 0 0 0 rg BT 457.65 194.80 Td (a ) Tj ET Q
q 0 0 0 rg BT 465.24 194.80 Td (mandate ) Tj ET Q
q 0 0 0 rg BT 503.74 194.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 515.42 194.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 531.18 194.80 Td (Dodd-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 182.20 Td (Frank ) Tj ET Q
q 0 0 0 rg BT 77.20 182.20 Td (W) Tj ET Q
q 0 0 0 rg BT 86.27 182.20 Td (all ) Tj ET Q
q 0 0 0 rg BT 100.22 182.20 Td (Street ) Tj ET Q
q 0 0 0 rg BT 128.17 182.20 Td (Reform ) Tj ET Q
q 0 0 0 rg BT 163.70 182.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 182.31 182.20 Td (Consumer ) Tj ET Q
q 0 0 0 rg BT 228.93 182.20 Td (Protection ) Tj ET Q
q 0 0 0 rg BT 274.78 182.20 Td (Act, ) Tj ET Q
q 0 0 0 rg BT 296.02 182.20 Td (and ) Tj ET Q
q 0 0 0 rg BT 314.64 182.20 Td (provides ) Tj ET Q
q 0 0 0 rg BT 354.25 182.20 Td (a ) Tj ET Q
q 0 0 0 rg BT 362.37 182.20 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 410.72 182.20 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 449.16 182.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 461.36 182.20 Td (the ) Tj ET Q
q 0 0 0 rg BT 477.64 182.20 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 500.34 182.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 512.54 182.20 Td (our ) Tj ET Q
q 0 0 0 rg BT 529.99 182.20 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 553.91 182.20 Td (s ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 169.60 Td (annual ) Tj ET Q
q 0 0 0 rg BT 79.96 169.60 Td (total ) Tj ET Q
q 0 0 0 rg BT 101.09 169.60 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 161.88 169.60 Td (to ) Tj ET Q
q 0 0 0 rg BT 172.52 169.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.82 169.60 Td (median ) Tj ET Q
q 0 0 0 rg BT 221.19 169.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 232.41 169.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 247.71 169.60 Td (annual ) Tj ET Q
q 0 0 0 rg BT 278.17 169.60 Td (total ) Tj ET Q
q 0 0 0 rg BT 299.30 169.60 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 360.09 169.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 371.31 169.60 Td (all ) Tj ET Q
q 0 0 0 rg BT 384.27 169.60 Td (employees ) Tj ET Q
q 0 0 0 rg BT 431.64 169.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 442.86 169.60 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 466.90 169.60 Td (Mason, ) Tj ET Q
q 0 0 0 rg BT 500.58 169.60 Td (other ) Tj ET Q
q 0 0 0 rg BT 524.63 169.60 Td (than ) Tj ET Q
q 0 0 0 rg BT 545.17 169.60 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 157.00 Td (CEO.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 131.80 Td (Mr) Tj ET Q
q 0 0 0 rg BT 61.75 131.80 Td (. ) Tj ET Q
q 0 0 0 rg BT 66.76 131.80 Td (Sullivan ) Tj ET Q
q 0 0 0 rg BT 104.14 131.80 Td (had ) Tj ET Q
q 0 0 0 rg BT 121.69 131.80 Td (annual ) Tj ET Q
q 0 0 0 rg BT 152.06 131.80 Td (total ) Tj ET Q
q 0 0 0 rg BT 173.10 131.80 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 233.80 131.80 Td (for ) Tj ET Q
q 0 0 0 rg BT 248.43 131.80 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 273.55 131.80 Td (year ) Tj ET Q
q 0 0 0 rg BT 294.00 131.80 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 317.38 131.80 Td (of ) Tj ET Q
q 0 0 0 rg BT 328.51 131.80 Td ($8,719,987 ) Tj ET Q
q 0 0 0 rg BT 378.14 131.80 Td (as ) Tj ET Q
q 0 0 0 rg BT 389.27 131.80 Td (reflected ) Tj ET Q
q 0 0 0 rg BT 428.37 131.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 438.92 131.80 Td (the ) Tj ET Q
q 0 0 0 rg BT 454.13 131.80 Td (Summary ) Tj ET Q
q 0 0 0 rg BT 497.34 131.80 Td (Compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 119.20 Td (T) Tj ET Q
q 0 0 0 rg BT 55.18 119.20 Td (able ) Tj ET Q
q 0 0 0 rg BT 75.69 119.20 Td (on ) Tj ET Q
q 0 0 0 rg BT 89.21 119.20 Td (page ) Tj ET Q
q 0 0 0 rg BT 112.06 119.20 Td (167. ) Tj ET Q
q 0 0 0 rg BT 133.46 119.20 Td (Our ) Tj ET Q
q 0 0 0 rg BT 152.81 119.20 Td (median ) Tj ET Q
q 0 0 0 rg BT 186.74 119.20 Td (employee�) Tj ET Q
q 0 0 0 rg BT 230.47 119.20 Td (s ) Tj ET Q
q 0 0 0 rg BT 237.58 119.20 Td (annual ) Tj ET Q
q 0 0 0 rg BT 268.59 119.20 Td (total ) Tj ET Q
q 0 0 0 rg BT 290.28 119.20 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 351.62 119.20 Td (for ) Tj ET Q
q 0 0 0 rg BT 366.89 119.20 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 392.65 119.20 Td (year ) Tj ET Q
q 0 0 0 rg BT 413.74 119.20 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 437.76 119.20 Td (was ) Tj ET Q
q 0 0 0 rg BT 457.11 119.20 Td ($180,500. ) Tj ET Q
q 0 0 0 rg BT 501.92 119.20 Td (The ) Tj ET Q
q 0 0 0 rg BT 521.26 119.20 Td (resulting ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 106.60 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 70.80 106.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 81.60 106.60 Td (our ) Tj ET Q
q 0 0 0 rg BT 97.65 106.60 Td (CEO�) Tj ET Q
q 0 0 0 rg BT 121.57 106.60 Td (s ) Tj ET Q
q 0 0 0 rg BT 127.71 106.60 Td (annual ) Tj ET Q
q 0 0 0 rg BT 157.76 106.60 Td (total ) Tj ET Q
q 0 0 0 rg BT 178.48 106.60 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 238.86 106.60 Td (to ) Tj ET Q
q 0 0 0 rg BT 249.08 106.60 Td (the ) Tj ET Q
q 0 0 0 rg BT 263.96 106.60 Td (annual ) Tj ET Q
q 0 0 0 rg BT 294.01 106.60 Td (total ) Tj ET Q
q 0 0 0 rg BT 314.73 106.60 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 375.10 106.60 Td (of ) Tj ET Q
q 0 0 0 rg BT 385.91 106.60 Td (our ) Tj ET Q
q 0 0 0 rg BT 401.96 106.60 Td (median ) Tj ET Q
q 0 0 0 rg BT 434.92 106.60 Td (employee ) Tj ET Q
q 0 0 0 rg BT 477.80 106.60 Td (for ) Tj ET Q
q 0 0 0 rg BT 492.09 106.60 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 516.89 106.60 Td (year ) Tj ET Q
q 0 0 0 rg BT 537.01 106.60 Td (2020 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 94.00 Td (is ) Tj ET Q
q 0 0 0 rg BT 59.13 94.00 Td (48 ) Tj ET Q
q 0 0 0 rg BT 72.25 94.00 Td (to ) Tj ET Q
q 0 0 0 rg BT 83.05 94.00 Td (1.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 68.80 Td (During ) Tj ET Q
q 0 0 0 rg BT 81.59 68.80 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 106.67 68.80 Td (year ) Tj ET Q
q 0 0 0 rg BT 127.08 68.80 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 153.05 68.80 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 176.97 68.80 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 207.90 68.80 Td (made ) Tj ET Q
q 0 0 0 rg BT 232.98 68.80 Td (a ) Tj ET Q
q 0 0 0 rg BT 239.98 68.80 Td (reduction ) Tj ET Q
q 0 0 0 rg BT 281.98 68.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 292.49 68.80 Td (staf) Tj ET Q
q 0 0 0 rg BT 307.46 68.80 Td (f ) Tj ET Q
q 0 0 0 rg BT 313.30 68.80 Td (in ) Tj ET Q
q 0 0 0 rg BT 323.81 68.80 Td (connection ) Tj ET Q
q 0 0 0 rg BT 372.22 68.80 Td (with ) Tj ET Q
q 0 0 0 rg BT 393.23 68.80 Td (a ) Tj ET Q
q 0 0 0 rg BT 400.24 68.80 Td (strategic ) Tj ET Q
q 0 0 0 rg BT 438.15 68.80 Td (restructuring, ) Tj ET Q
q 0 0 0 rg BT 496.77 68.80 Td (which ) Tj ET Q
q 0 0 0 rg BT 524.77 68.80 Td (resulted ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 56.20 Td (in ) Tj ET Q
q 0 0 0 rg BT 59.59 56.20 Td (a ) Tj ET Q
q 0 0 0 rg BT 66.18 56.20 Td (significant ) Tj ET Q
q 0 0 0 rg BT 112.43 56.20 Td (change ) Tj ET Q
q 0 0 0 rg BT 144.09 56.20 Td (to ) Tj ET Q
q 0 0 0 rg BT 154.18 56.20 Td (our ) Tj ET Q
q 0 0 0 rg BT 170.11 56.20 Td (employee ) Tj ET Q
q 0 0 0 rg BT 212.85 56.20 Td (population. ) Tj ET Q
q 0 0 0 rg BT 262.17 56.20 Td (Therefore, ) Tj ET Q
q 0 0 0 rg BT 308.11 56.20 Td (as ) Tj ET Q
q 0 0 0 rg BT 318.79 56.20 Td (of ) Tj ET Q
q 0 0 0 rg BT 329.46 56.20 Td (March ) Tj ET Q
q 0 0 0 rg BT 358.79 56.20 Td (31, ) Tj ET Q
q 0 0 0 rg BT 373.84 56.20 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 399.39 56.20 Td (we ) Tj ET Q
q 0 0 0 rg BT 413.56 56.20 Td (identified ) Tj ET Q
q 0 0 0 rg BT 455.73 56.20 Td (a ) Tj ET Q
q 0 0 0 rg BT 462.31 56.20 Td (new ) Tj ET Q
q 0 0 0 rg BT 481.73 56.20 Td (median ) Tj ET Q
q 0 0 0 rg BT 514.56 56.20 Td (employee.) Tj ET Q
endstream
endobj
371 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 372 0 R>>
endobj
372 0 obj
<</Length 39539>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (183) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 729.15 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 729.15 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.53 729.15 Td (identified ) Tj ET Q
q 0 0 0 rg BT 108.07 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 123.19 729.15 Td (median ) Tj ET Q
q 0 0 0 rg BT 156.40 729.15 Td (employee ) Tj ET Q
q 0 0 0 rg BT 199.52 729.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 212.32 729.15 Td (reviewing ) Tj ET Q
q 0 0 0 rg BT 256.60 729.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 271.73 729.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 296.77 729.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 320.07 729.15 Td (salary ) Tj ET Q
q 0 0 0 rg BT 347.44 729.15 Td (\(or ) Tj ET Q
q 0 0 0 rg BT 361.98 729.15 Td (wages ) Tj ET Q
q 0 0 0 rg BT 390.52 729.15 Td (plus ) Tj ET Q
q 0 0 0 rg BT 410.32 729.15 Td (overtime, ) Tj ET Q
q 0 0 0 rg BT 452.57 729.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 463.61 729.15 Td (applicable\) ) Tj ET Q
q 0 0 0 rg BT 512.55 729.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 530.01 729.15 Td (annual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 70.55 716.55 Td (bonus ) Tj ET Q
q 0 0 0 rg BT 98.03 716.55 Td (paid ) Tj ET Q
q 0 0 0 rg BT 118.51 716.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 129.07 716.55 Td (all ) Tj ET Q
q 0 0 0 rg BT 141.96 716.55 Td (employees ) Tj ET Q
q 0 0 0 rg BT 189.26 716.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 200.40 716.55 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 224.37 716.55 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 255.34 716.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 272.90 716.55 Td (its ) Tj ET Q
q 0 0 0 rg BT 285.22 716.55 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 337.19 716.55 Td (worldwide, ) Tj ET Q
q 0 0 0 rg BT 387.12 716.55 Td (excluding ) Tj ET Q
q 0 0 0 rg BT 430.92 716.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 447.31 716.55 Td (CEO, ) Tj ET Q
q 0 0 0 rg BT 473.33 716.55 Td (who ) Tj ET Q
q 0 0 0 rg BT 493.81 716.55 Td (were ) Tj ET Q
q 0 0 0 rg BT 516.60 716.55 Td (employed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 703.95 Td (on ) Tj ET Q
q 0 0 0 rg BT 62.57 703.95 Td (March ) Tj ET Q
q 0 0 0 rg BT 92.55 703.95 Td (31, ) Tj ET Q
q 0 0 0 rg BT 108.25 703.95 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 134.44 703.95 Td (which ) Tj ET Q
q 0 0 0 rg BT 162.68 703.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 172.25 703.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 187.65 703.95 Td (last ) Tj ET Q
q 0 0 0 rg BT 204.81 703.95 Td (day ) Tj ET Q
q 0 0 0 rg BT 222.54 703.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 233.86 703.95 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 258.01 703.95 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 289.51 703.95 Td (s ) Tj ET Q
q 0 0 0 rg BT 296.17 703.95 Td (last ) Tj ET Q
q 0 0 0 rg BT 313.32 703.95 Td (completed ) Tj ET Q
q 0 0 0 rg BT 359.63 703.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 384.94 703.95 Td (year) Tj ET Q
q 0 0 0 rg BT 402.43 703.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 407.44 703.95 Td (W) Tj ET Q
q 0 0 0 rg BT 416.51 703.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 423.74 703.95 Td (included ) Tj ET Q
q 0 0 0 rg BT 462.47 703.95 Td (employees ) Tj ET Q
q 0 0 0 rg BT 509.95 703.95 Td (working ) Tj ET Q
q 0 0 0 rg BT 547.52 703.95 Td (on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 55.80 691.35 Td (full-time, ) Tj ET Q
q 0 0 0 rg BT 96.81 691.35 Td (part-time, ) Tj ET Q
q 0 0 0 rg BT 139.57 691.35 Td (or ) Tj ET Q
q 0 0 0 rg BT 149.96 691.35 Td (interim ) Tj ET Q
q 0 0 0 rg BT 181.93 691.35 Td (basis, ) Tj ET Q
q 0 0 0 rg BT 207.19 691.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 217.58 691.35 Td (well ) Tj ET Q
q 0 0 0 rg BT 237.31 691.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 247.70 691.35 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 295.98 691.35 Td (employees ) Tj ET Q
q 0 0 0 rg BT 342.53 691.35 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 356.41 691.35 Td (determined ) Tj ET Q
q 0 0 0 rg BT 405.29 691.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 417.43 691.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 431.90 691.35 Td (legal ) Tj ET Q
q 0 0 0 rg BT 453.95 691.35 Td (framework ) Tj ET Q
q 0 0 0 rg BT 501.66 691.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 511.47 691.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 517.77 691.35 Td (particular ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 678.75 Td (jurisdiction ) Tj ET Q
q 0 0 0 rg BT 99.52 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 113.96 678.75 Td (contractual ) Tj ET Q
q 0 0 0 rg BT 162.79 678.75 Td (status\). ) Tj ET Q
q 0 0 0 rg BT 194.87 678.75 Td (W) Tj ET Q
q 0 0 0 rg BT 203.94 678.75 Td (e ) Tj ET Q
q 0 0 0 rg BT 210.79 678.75 Td (annualized ) Tj ET Q
q 0 0 0 rg BT 258.46 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 273.48 678.75 Td (base ) Tj ET Q
q 0 0 0 rg BT 294.33 678.75 Td (salary) Tj ET Q
q 0 0 0 rg BT 318.72 678.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 323.53 678.75 Td (but ) Tj ET Q
q 0 0 0 rg BT 339.14 678.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 354.75 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 369.77 678.75 Td (cash ) Tj ET Q
q 0 0 0 rg BT 390.62 678.75 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 431.30 678.75 Td (paid ) Tj ET Q
q 0 0 0 rg BT 451.57 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 466.00 678.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 481.02 678.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 505.95 678.75 Td (year) Tj ET Q
q 0 0 0 rg BT 523.60 678.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 528.42 678.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 542.85 678.75 Td (any ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 666.15 Td (fulltime ) Tj ET Q
q 0 0 0 rg BT 85.52 666.15 Td (employees ) Tj ET Q
q 0 0 0 rg BT 133.20 666.15 Td (who ) Tj ET Q
q 0 0 0 rg BT 154.06 666.15 Td (were ) Tj ET Q
q 0 0 0 rg BT 177.24 666.15 Td (hired ) Tj ET Q
q 0 0 0 rg BT 201.59 666.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 212.53 666.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 238.05 666.15 Td (year ) Tj ET Q
q 0 0 0 rg BT 258.89 666.15 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 282.67 666.15 Td (but ) Tj ET Q
q 0 0 0 rg BT 298.86 666.15 Td (did ) Tj ET Q
q 0 0 0 rg BT 315.06 666.15 Td (not ) Tj ET Q
q 0 0 0 rg BT 331.25 666.15 Td (work ) Tj ET Q
q 0 0 0 rg BT 355.61 666.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 370.63 666.15 Td (us ) Tj ET Q
q 0 0 0 rg BT 382.74 666.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 397.76 666.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 413.36 666.15 Td (entire ) Tj ET Q
q 0 0 0 rg BT 440.04 666.15 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 465.56 666.15 Td (year) Tj ET Q
q 0 0 0 rg BT 483.05 666.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 488.45 666.15 Td (However) Tj ET Q
q 0 0 0 rg BT 526.51 666.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 531.91 666.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 549.85 666.15 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.12 653.55 Td (timing ) Tj ET Q
q 0 0 0 rg BT 93.33 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 103.87 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 118.49 653.55 Td (payment ) Tj ET Q
q 0 0 0 rg BT 156.44 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 166.98 653.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 187.43 653.55 Td (incentives ) Tj ET Q
q 0 0 0 rg BT 231.79 653.55 Td (by ) Tj ET Q
q 0 0 0 rg BT 244.08 653.55 Td (one ) Tj ET Q
q 0 0 0 rg BT 261.03 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 271.57 653.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 287.36 653.55 Td (subsidiaries, ) Tj ET Q
q 0 0 0 rg BT 341.36 653.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 355.39 653.55 Td (made ) Tj ET Q
q 0 0 0 rg BT 379.92 653.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 386.38 653.55 Td (reasonable ) Tj ET Q
q 0 0 0 rg BT 433.06 653.55 Td (estimate ) Tj ET Q
q 0 0 0 rg BT 469.84 653.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 480.38 653.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 495.00 653.55 Td (cash ) Tj ET Q
q 0 0 0 rg BT 515.45 653.55 Td (incentives ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (paid ) Tj ET Q
q 0 0 0 rg BT 69.89 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 84.44 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 99.57 640.95 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 124.62 640.95 Td (year ) Tj ET Q
q 0 0 0 rg BT 144.99 640.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 155.47 640.95 Td (employees ) Tj ET Q
q 0 0 0 rg BT 202.68 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 213.73 640.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 231.78 640.95 Td (subsidiary) Tj ET Q
q 0 0 0 rg BT 274.27 640.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 279.20 640.95 Td (Cost ) Tj ET Q
q 0 0 0 rg BT 300.76 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 311.82 640.95 Td (living ) Tj ET Q
q 0 0 0 rg BT 338.63 640.95 Td (adjustments ) Tj ET Q
q 0 0 0 rg BT 391.10 640.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 406.22 640.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 421.95 640.95 Td (significant ) Tj ET Q
q 0 0 0 rg BT 468.58 640.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 486.05 640.95 Td (were ) Tj ET Q
q 0 0 0 rg BT 508.75 640.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 524.48 640.95 Td (applied. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (In ) Tj ET Q
q 0 0 0 rg BT 60.93 628.35 Td (order ) Tj ET Q
q 0 0 0 rg BT 85.77 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 96.62 628.35 Td (facilitate ) Tj ET Q
q 0 0 0 rg BT 136.03 628.35 Td (an ) Tj ET Q
q 0 0 0 rg BT 148.63 628.35 Td (assessment ) Tj ET Q
q 0 0 0 rg BT 197.97 628.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 209.40 628.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 222.58 628.35 Td (employee ) Tj ET Q
q 0 0 0 rg BT 266.08 628.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 327.09 628.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 337.94 628.35 Td (U.S. ) Tj ET Q
q 0 0 0 rg BT 359.30 628.35 Td (dollars, ) Tj ET Q
q 0 0 0 rg BT 393.18 628.35 Td (we ) Tj ET Q
q 0 0 0 rg BT 408.11 628.35 Td (applied ) Tj ET Q
q 0 0 0 rg BT 441.70 628.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 452.55 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 468.07 628.35 Td (compensation ) Tj ET Q
q 0 0 0 rg BT 529.07 628.35 Td (paid ) Tj ET Q
q 0 0 0 rg BT 549.83 628.35 Td (to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 65.64 615.75 Td (non-U.S. ) Tj ET Q
q 0 0 0 rg BT 105.69 615.75 Td (employees ) Tj ET Q
q 0 0 0 rg BT 152.74 615.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 159.54 615.75 Td (local ) Tj ET Q
q 0 0 0 rg BT 182.08 615.75 Td (currency-to-U.S. ) Tj ET Q
q 0 0 0 rg BT 254.78 615.75 Td (dollar ) Tj ET Q
q 0 0 0 rg BT 281.41 615.75 Td (exchange ) Tj ET Q
q 0 0 0 rg BT 323.19 615.75 Td (rate ) Tj ET Q
q 0 0 0 rg BT 341.07 615.75 Td (equal ) Tj ET Q
q 0 0 0 rg BT 365.95 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 376.25 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 391.22 615.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 411.43 615.75 Td (to ) Tj ET Q
q 0 0 0 rg BT 421.73 615.75 Td (date ) Tj ET Q
q 0 0 0 rg BT 441.36 615.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 455.74 615.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 470.71 615.75 Td (twelve-month ) Tj ET Q
q 0 0 0 rg BT 531.17 615.75 Td (period ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 603.15 Td (ended ) Tj ET Q
q 0 0 0 rg BT 76.05 603.15 Td (March ) Tj ET Q
q 0 0 0 rg BT 104.93 603.15 Td (31, ) Tj ET Q
q 0 0 0 rg BT 119.53 603.15 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 144.63 603.15 Td (divided ) Tj ET Q
q 0 0 0 rg BT 177.60 603.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 189.57 603.15 Td (twelve. ) Tj ET Q
q 0 0 0 rg BT 221.66 603.15 Td (Once ) Tj ET Q
q 0 0 0 rg BT 245.29 603.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 259.01 603.15 Td (identified ) Tj ET Q
q 0 0 0 rg BT 300.72 603.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 315.03 603.15 Td (median ) Tj ET Q
q 0 0 0 rg BT 347.41 603.15 Td (employee, ) Tj ET Q
q 0 0 0 rg BT 392.32 603.15 Td (we ) Tj ET Q
q 0 0 0 rg BT 406.04 603.15 Td (calculated ) Tj ET Q
q 0 0 0 rg BT 450.07 603.15 Td (annual ) Tj ET Q
q 0 0 0 rg BT 479.54 603.15 Td (total ) Tj ET Q
q 0 0 0 rg BT 499.68 603.15 Td (compensation ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 64.37 590.55 Td (that ) Tj ET Q
q 0 0 0 rg BT 82.74 590.55 Td (employee ) Tj ET Q
q 0 0 0 rg BT 126.18 590.55 Td (using ) Tj ET Q
q 0 0 0 rg BT 151.56 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 167.01 590.55 Td (same ) Tj ET Q
q 0 0 0 rg BT 191.21 590.55 Td (methodology ) Tj ET Q
q 0 0 0 rg BT 249.25 590.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 264.12 590.55 Td (use ) Tj ET Q
q 0 0 0 rg BT 280.74 590.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 295.61 590.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 312.23 590.55 Td (NEOs ) Tj ET Q
q 0 0 0 rg BT 340.52 590.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 351.90 590.55 Td (shown ) Tj ET Q
q 0 0 0 rg BT 381.94 590.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 392.73 590.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 408.19 590.55 Td (Summary ) Tj ET Q
q 0 0 0 rg BT 451.64 590.55 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 514.74 590.55 Td (T) Tj ET Q
q 0 0 0 rg BT 520.42 590.55 Td (able. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 565.35 Td (Our ) Tj ET Q
q 0 0 0 rg BT 68.96 565.35 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 93.10 565.35 Td (pay ) Tj ET Q
q 0 0 0 rg BT 111.39 565.35 Td (ratio ) Tj ET Q
q 0 0 0 rg BT 133.77 565.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 143.91 565.35 Td (disclosed ) Tj ET Q
q 0 0 0 rg BT 186.12 565.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 197.42 565.35 Td (comply ) Tj ET Q
q 0 0 0 rg BT 232.05 565.35 Td (with ) Tj ET Q
q 0 0 0 rg BT 253.85 565.35 Td (rules ) Tj ET Q
q 0 0 0 rg BT 277.40 565.35 Td (adopted ) Tj ET Q
q 0 0 0 rg BT 313.77 565.35 Td (under ) Tj ET Q
q 0 0 0 rg BT 340.81 565.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 356.77 565.35 Td (Dodd-Frank ) Tj ET Q
q 0 0 0 rg BT 411.01 565.35 Td (W) Tj ET Q
q 0 0 0 rg BT 420.08 565.35 Td (all ) Tj ET Q
q 0 0 0 rg BT 433.71 565.35 Td (Street ) Tj ET Q
q 0 0 0 rg BT 461.33 565.35 Td (Reform ) Tj ET Q
q 0 0 0 rg BT 496.54 565.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 514.83 565.35 Td (Consumer ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 552.75 Td (Protection ) Tj ET Q
q 0 0 0 rg BT 94.71 552.75 Td (Act ) Tj ET Q
q 0 0 0 rg BT 112.49 552.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 130.28 552.75 Td (is ) Tj ET Q
q 0 0 0 rg BT 139.91 552.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 155.95 552.75 Td (intended ) Tj ET Q
q 0 0 0 rg BT 194.73 552.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 206.10 552.75 Td (a ) Tj ET Q
q 0 0 0 rg BT 213.39 552.75 Td (measure ) Tj ET Q
q 0 0 0 rg BT 251.00 552.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 262.37 552.75 Td (comparison ) Tj ET Q
q 0 0 0 rg BT 313.98 552.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 335.27 552.75 Td (any ) Tj ET Q
q 0 0 0 rg BT 353.06 552.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 377.26 552.75 Td (company) Tj ET Q
q 0 0 0 rg BT 415.07 552.75 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 527.55 Td (Compensation of Dir) Tj ET Q
q 0 0 0 rg BT 143.23 527.55 Td (ectors) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 504.85 Td (Dir) Tj ET Q
q 0 0 0 rg BT 64.47 504.85 Td (ector) Tj ET Q
q 0 0 0 rg BT 87.01 504.85 Td ( Compensation ) Tj ET Q
q 0 0 0 rg BT 156.83 504.85 Td (T) Tj ET Q
q 0 0 0 rg BT 162.87 504.85 Td (able) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 49.50 484.50 Td (The following table provides information about the compensation earned by our non-employee directors during fiscal ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 49.50 471.90 Td (year 2020.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 414.4 m
233.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 414.4 m
326.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 414.4 m
348.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 414.4 m
404.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 414.4 m
430.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 414.4 m
503.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 414.4 m
557.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 414.4 m
326.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 414.4 m
348.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 414.4 m
404.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 414.4 m
430.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 414.4 m
503.25 414.4 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 414.4 m
557.25 414.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 399.4 m
233.25 399.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 399.4 m
326.25 399.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 399.4 m
348.25 399.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 399.4 m
404.25 399.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 399.4 m
430.25 399.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 399.4 m
503.25 399.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 399.4 m
557.25 399.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 384.4 m
233.25 384.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 384.4 m
326.25 384.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 384.4 m
348.25 384.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 367.4 m
348.25 367.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 384.4 m
404.25 384.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 384.4 m
430.25 384.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 384.4 m
503.25 384.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 384.4 m
557.25 384.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 367.4 m
233.25 367.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 367.4 m
326.25 367.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 367.4 m
404.25 367.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 367.4 m
430.25 367.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 367.4 m
503.25 367.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 367.4 m
557.25 367.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 352.4 m
233.25 352.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 352.4 m
326.25 352.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 352.4 m
348.25 352.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 352.4 m
404.25 352.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 352.4 m
430.25 352.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 352.4 m
503.25 352.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 352.4 m
557.25 352.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 334.4 m
233.25 334.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 334.4 m
326.25 334.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 334.4 m
348.25 334.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 334.4 m
404.25 334.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 334.4 m
430.25 334.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 334.4 m
503.25 334.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 334.4 m
557.25 334.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 319.4 m
233.25 319.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 319.4 m
326.25 319.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 319.4 m
348.25 319.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 319.4 m
404.25 319.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 319.4 m
430.25 319.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 319.4 m
503.25 319.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 319.4 m
557.25 319.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 304.4 m
233.25 304.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 304.4 m
326.25 304.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 304.4 m
348.25 304.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 304.4 m
404.25 304.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 304.4 m
430.25 304.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 304.4 m
503.25 304.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 304.4 m
557.25 304.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 286.4 m
233.25 286.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 286.4 m
326.25 286.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 286.4 m
348.25 286.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 286.4 m
404.25 286.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 286.4 m
430.25 286.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 286.4 m
503.25 286.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 286.4 m
557.25 286.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 271.4 m
233.25 271.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 271.4 m
326.25 271.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 271.4 m
348.25 271.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 271.4 m
404.25 271.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 271.4 m
430.25 271.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 271.4 m
503.25 271.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 271.4 m
557.25 271.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 256.4 m
233.25 256.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 256.4 m
326.25 256.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 256.4 m
348.25 256.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 256.4 m
404.25 256.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 256.4 m
430.25 256.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 256.4 m
503.25 256.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 256.4 m
557.25 256.4 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 241.39999999999998 m
233.25 241.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 226.39999999999998 m
233.25 226.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 241.39999999999998 m
326.25 241.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
233.25 226.39999999999998 m
326.25 226.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 241.39999999999998 m
348.25 241.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
326.25 226.39999999999998 m
348.25 226.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 241.39999999999998 m
404.25 241.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
348.25 226.39999999999998 m
404.25 226.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 241.39999999999998 m
430.25 241.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
404.25 226.39999999999998 m
430.25 226.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 241.39999999999998 m
503.25 241.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
430.25 226.39999999999998 m
503.25 226.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 241.39999999999998 m
557.25 241.39999999999998 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
503.25 226.39999999999998 m
557.25 226.39999999999998 l
s
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 51.75 419.19 Td (Name) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 254.70 429.69 Td (Fees Earned or) Tj ET Q
q 0 0 0 rg BT 322.75 429.69 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 242.70 419.19 Td (Paid in Cash \($\)) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 314.76 423.95 Td (\(1\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 322.71 419.19 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 375.65 429.69 Td (Stock ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 354.25 419.19 Td (A) Tj ET Q
q 0 0 0 rg BT 361.05 419.19 Td (wards\($\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 457.05 440.19 Td (All Other) Tj ET Q
q 0 0 0 rg BT 499.73 440.19 Td ( ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 434.95 429.69 Td (Compensation) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 476.90 419.19 Td (\($\) ) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 491.77 423.95 Td (\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 515.90 419.19 Td (T) Tj ET Q
q 0 0 0 rg BT 521.94 419.19 Td (otal \($\)) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 404.17 Td (Robert E. ) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 94.33 404.17 Td (Angelica) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 288.10 404.17 Td (220,500) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 328.75 407.39 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 371.35 404.17 Td (74,984) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 406.75 407.39 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 488.75 404.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 519.10 404.17 Td (295,484) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 389.17 Td (Carol ) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 77.41 389.17 Td (Anthony �John� Davidson) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 288.10 389.17 Td (225,875) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 328.75 392.39 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 366.10 389.17 Td (125,012) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 406.75 392.39 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 470.35 389.17 Td (33,323) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 519.10 389.17 Td (384,210) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 372.17 Td (Edward P) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 91.71 372.17 Td (. Garden ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 130.48 376.93 Td (\(7\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 288.10 372.17 Td (250,833) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 328.75 377.39 Td (\(3\)\(8\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 366.10 372.17 Td (149,980) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 406.75 377.39 Td (\(4\)\(9\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 488.75 372.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 519.10 372.17 Td (400,813) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 357.17 Td (Michelle J. Goldber) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 135.35 357.17 Td (g) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 288.10 357.17 Td (173,500) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 366.10 357.17 Td (125,012) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 406.75 360.39 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 470.35 357.17 Td (13,301) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 519.10 357.17 Td (31) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 529.60 357.17 Td (1,813) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 339.17 Td (Stephen C. Hooley ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 133.99 343.93 Td (\(10\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 288.10 339.17 Td (129,500) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 366.10 339.17 Td (125,007) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 406.75 345.39 Td (\(1) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 412.04 345.39 Td (1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 488.75 339.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 519.10 339.17 Td (254,507) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 324.17 Td (Barry ) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 78.09 324.17 Td (W) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 87.04 324.17 Td (. Huf) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 108.43 324.17 Td (f ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 114.55 328.93 Td (\(12\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 293.35 324.17 Td (37,499) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 389.75 324.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 488.75 324.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 524.35 324.17 Td (37,499) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 309.17 Td (John ) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 74.12 309.17 Td (V) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 80.93 309.17 Td (. Murphy) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 288.10 309.17 Td (195,750) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 328.75 312.39 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 366.10 309.17 Td (125,012) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 406.75 312.39 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 488.75 309.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 519.10 309.17 Td (320,762) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 291.17 Td (Nelson Peltz ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 107.74 295.93 Td (\(7\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 288.10 291.17 Td (240,833) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 328.75 297.39 Td (\(3\)\(8\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 366.10 291.17 Td (149,980) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 406.75 297.39 Td (\(4\)\(9\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 488.75 291.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 519.10 291.17 Td (390,813) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 276.17 Td (Alison ) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 81.80 276.17 Td (A. Quirk) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 288.10 276.17 Td (180,500) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 366.10 276.17 Td (125,012) Tj ET Q
BT /F1 6.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 406.75 279.39 Td (\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 488.75 276.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 519.10 276.17 Td (305,512) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 261.17 Td (W) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 60.70 261.17 Td (. ) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 65.37 261.17 Td (Allen Reed ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 115.52 265.93 Td (\(12\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 293.35 261.17 Td (36,999) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 389.75 261.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 488.75 261.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 524.35 261.17 Td (36,999) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 246.17 Td (Mar) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 69.05 246.17 Td (garet Milner Richardson ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 174.32 250.93 Td (\(12\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 293.35 246.17 Td (31,692) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 389.75 246.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 470.35 246.17 Td (23,701) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 524.35 246.17 Td (55,393) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.75 231.17 Td (Kurt L. Schmoke ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 126.99 235.93 Td (\(12\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 293.35 231.17 Td (28,008) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 389.75 231.17 Td (�) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 470.35 231.17 Td (30,085) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 524.35 231.17 Td (58,093) Tj ET Q
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 217.30 Td (\(1\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 217.30 Td (In addition, non-employee directors receive reimbursement of actual expenses incurred for attendance at meetings or participating in company business.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 207.70 Td (\(2\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 207.70 Td (Represents dividend equivalents paid on restricted stock units and reinvested in additional restricted stock units.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 198.10 Td (\(3\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 198.10 Td (Includes $50,000 paid as a portion of the annual award under the Legg Mason, Inc. Non-Employee Director Equity Plan.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 188.50 Td (\(4\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 188.50 Td (Includes value of 1,965 shares of common stock granted on July 30, 2019 as a portion of the annual award under the Legg Mason, Inc. Non-Employee ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 178.90 Td (Director Equity Plan.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 169.30 Td (\(5\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 169.30 Td (Includes $18,750 paid to Mr) Tj ET Q
q 0 0 0 rg BT 157.93 169.30 Td (. Davidson and $6,250 paid to Mr) Tj ET Q
q 0 0 0 rg BT 265.48 169.30 Td (. Murphy for the Lead Independent Director Retainer) Tj ET Q
q 0 0 0 rg BT 435.20 169.30 Td (.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 159.70 Td (\(6\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 159.70 Td (Represents value of 3,276 restricted stock units or common stock granted on July 30, 2019 for the annual award under the Legg Mason, Inc. Non-) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 150.10 Td (Employee Director Equity Plan.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 140.50 Td (\(7\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 140.50 Td (Messrs. Garden and Peltz were appointed to the Board of Directors ef) Tj ET Q
q 0 0 0 rg BT 290.39 140.50 Td (fective May 20, 2019.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 130.90 Td (\(8\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 130.90 Td (Includes $50,000 paid as an appointment award under the Legg Mason, Inc. Non-Employee Director Equity Plan.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 121.30 Td (\(9\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 121.30 Td (Includes value of 2,028 shares of common stock granted on June 20, 2019 as an appointment award under the Legg Mason, Inc. Non-Employee Director ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 111.70 Td (after Messrs. Garden and Peltz joined the Board.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 102.10 Td (\(10\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 102.10 Td (Mr) Tj ET Q
q 0 0 0 rg BT 76.84 102.10 Td (. Hooley was appointed to the Board of Directors ef) Tj ET Q
q 0 0 0 rg BT 242.42 102.10 Td (fective July 30, 2019.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 92.50 Td (\(1) Tj ET Q
q 0 0 0 rg BT 55.87 92.50 Td (1\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 92.50 Td (Represents value of 3,396 shares of common stock granted on ) Tj ET Q
q 0 0 0 rg BT 267.68 92.50 Td (August 30, 2019 as an appointment award under the Legg Mason, Inc. Non-Employee ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 82.90 Td (Director Equity Plan after Mr) Tj ET Q
q 0 0 0 rg BT 161.70 82.90 Td (. Hooley joined the Board.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 73.30 Td (\(12\) ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 73.30 Td (Messrs. Huf) Tj ET Q
q 0 0 0 rg BT 106.46 73.30 Td (f, Reed, Schmoke and Ms. Richardson's terms as directors expired on July 30, 2019.  Messrs. Huf) Tj ET Q
q 0 0 0 rg BT 418.82 73.30 Td (f, Reed, Schmoke and Ms. Richardson's ) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 63.70 Td (reported compensation reflects amount received during fiscal year 2020 through the end of their Board service.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 67.50 54.10 Td ( ) Tj ET Q
endstream
endobj
373 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 374 0 R>>
endobj
374 0 obj
<</Length 27873>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (184) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 49.50 741.75 Td (As of March 31, 2020, two of our non-employee directors held the following restricted stock units:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 716.25 m
202.75 716.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
202.75 716.25 m
557.75 716.25 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 701.25 m
202.75 701.25 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
202.75 701.25 m
557.75 701.25 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 701.25 m
202.75 701.25 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
48.75 686.25 m
202.75 686.25 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
202.75 701.25 m
557.75 701.25 l
s
0 0 0 RG
/GS0 gs
0.25 w
0 i 
[] 0 d
0 J
0 j
3 M
202.75 686.25 m
557.75 686.25 l
s
BT /F2 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 51.25 720.93 Td (Name) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 410.00 720.93 Td (Number) Tj ET Q
q 0 0 0 rg BT 445.37 720.93 Td ( of Restricted Stock Units) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.25 706.02 Td (Carol ) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 76.91 706.02 Td (Anthony �John� Davidson) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 524.85 706.02 Td (23,789) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 51.25 691.02 Td (Michelle J. Goldber) Tj ET Q
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 134.75 691.02 Td (g) Tj ET Q
BT /F1 10.50 Tf ET
q 0.2549019607843137 0.25098039215686274 0.25882352941176473 rg BT 524.85 691.02 Td (10,451) Tj ET Q
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 661.55 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 82.73 661.55 Td (12. ) Tj ET Q
q 0 0 0 rg BT 101.08 661.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 106.31 661.55 Td (SECURITY) Tj ET Q
q 0 0 0 rg BT 160.18 661.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 165.41 661.55 Td (OWNERSHIP) Tj ET Q
q 0 0 0 rg BT 230.17 661.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 235.40 661.55 Td (OF) Tj ET Q
q 0 0 0 rg BT 249.59 661.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 254.81 661.55 Td (CER) Tj ET Q
q 0 0 0 rg BT 276.62 661.55 Td (T) Tj ET Q
q 0 0 0 rg BT 282.84 661.55 Td (AIN ) Tj ET Q
q 0 0 0 rg BT 307.32 661.55 Td (BENEFICIAL) Tj ET Q
q 0 0 0 rg BT 372.09 661.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 377.31 661.55 Td (OWNERS ) Tj ET Q
q 0 0 0 rg BT 428.06 661.55 Td (AND ) Tj ET Q
q 0 0 0 rg BT 456.04 661.55 Td (MANAGEMENT) Tj ET Q
q 0 0 0 rg BT 535.18 661.55 Td ( ) Tj ET Q
q 0 0 0 rg BT 539.25 661.55 Td (AND ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 648.95 Td (RELA) Tj ET Q
q 0 0 0 rg BT 77.89 648.95 Td (TED ) Tj ET Q
q 0 0 0 rg BT 102.11 648.95 Td (ST) Tj ET Q
q 0 0 0 rg BT 114.76 648.95 Td (OCKHOLDER ) Tj ET Q
q 0 0 0 rg BT 186.81 648.95 Td (MA) Tj ET Q
q 0 0 0 rg BT 203.53 648.95 Td (TTERS.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 624.35 Td (W) Tj ET Q
q 0 0 0 rg BT 58.57 624.35 Td (e ) Tj ET Q
q 0 0 0 rg BT 65.73 624.35 Td (have ) Tj ET Q
q 0 0 0 rg BT 88.06 624.35 Td (listed ) Tj ET Q
q 0 0 0 rg BT 113.31 624.35 Td (below) Tj ET Q
q 0 0 0 rg BT 138.29 624.35 Td (, ) Tj ET Q
q 0 0 0 rg BT 143.41 624.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 154.66 624.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.91 624.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 195.82 624.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 211.44 624.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 234.95 624.35 Td (\(except ) Tj ET Q
q 0 0 0 rg BT 268.34 624.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 279.59 624.35 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 322.92 624.35 Td (indicated\), ) Tj ET Q
q 0 0 0 rg BT 370.02 624.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 385.35 624.35 Td (beneficial ) Tj ET Q
q 0 0 0 rg BT 429.25 624.35 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 475.49 624.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 486.74 624.35 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 517.24 624.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 530.24 624.35 Td (\(i\)�each ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 611.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 60.33 611.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 76.41 611.75 Td (directors, ) Tj ET Q
q 0 0 0 rg BT 117.85 611.75 Td (\(ii\)�each ) Tj ET Q
q 0 0 0 rg BT 154.62 611.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 165.45 611.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 181.53 611.75 Td (�) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 186.19 611.75 Td (named ) Tj ET Q
q 0 0 0 rg BT 216.27 611.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 257.40 611.75 Td (officers) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 288.90 611.75 Td (� ) Tj ET Q
q 0 0 0 rg BT 295.64 611.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 309.97 611.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 324.88 611.75 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 349.70 611.75 Td (year ) Tj ET Q
q 0 0 0 rg BT 369.85 611.75 Td (ended ) Tj ET Q
q 0 0 0 rg BT 397.00 611.75 Td (March�31, ) Tj ET Q
q 0 0 0 rg BT 442.24 611.75 Td (2020, ) Tj ET Q
q 0 0 0 rg BT 467.95 611.75 Td (\(iii\) ) Tj ET Q
q 0 0 0 rg BT 485.78 611.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 498.36 611.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 509.19 611.75 Td (our ) Tj ET Q
q 0 0 0 rg BT 525.27 611.75 Td (directors ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 599.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 67.74 599.15 Td (executive ) Tj ET Q
q 0 0 0 rg BT 111.04 599.15 Td (of) Tj ET Q
q 0 0 0 rg BT 119.60 599.15 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 145.99 599.15 Td (as ) Tj ET Q
q 0 0 0 rg BT 157.82 599.15 Td (a ) Tj ET Q
q 0 0 0 rg BT 165.55 599.15 Td (group ) Tj ET Q
q 0 0 0 rg BT 193.13 599.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 211.36 599.15 Td (\(iv\)�each ) Tj ET Q
q 0 0 0 rg BT 251.46 599.15 Td (person ) Tj ET Q
q 0 0 0 rg BT 282.53 599.15 Td (known ) Tj ET Q
q 0 0 0 rg BT 314.18 599.15 Td (by ) Tj ET Q
q 0 0 0 rg BT 327.76 599.15 Td (us ) Tj ET Q
q 0 0 0 rg BT 340.17 599.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 351.42 599.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 364.40 599.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 380.31 599.15 Td (beneficial ) Tj ET Q
q 0 0 0 rg BT 424.78 599.15 Td (owner ) Tj ET Q
q 0 0 0 rg BT 454.09 599.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 465.92 599.15 Td (more ) Tj ET Q
q 0 0 0 rg BT 490.57 599.15 Td (than ) Tj ET Q
q 0 0 0 rg BT 511.72 599.15 Td (five ) Tj ET Q
q 0 0 0 rg BT 531.12 599.15 Td (percent ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 586.55 Td (\(5%\) ) Tj ET Q
q 0 0 0 rg BT 73.90 586.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 86.06 586.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 102.30 586.55 Td (number ) Tj ET Q
q 0 0 0 rg BT 137.78 586.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 149.94 586.55 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 202.35 586.55 Td (Shares. ) Tj ET Q
q 0 0 0 rg BT 236.13 586.55 Td (The ) Tj ET Q
q 0 0 0 rg BT 255.87 586.55 Td (table ) Tj ET Q
q 0 0 0 rg BT 279.69 586.55 Td (is ) Tj ET Q
q 0 0 0 rg BT 290.10 586.55 Td (based ) Tj ET Q
q 0 0 0 rg BT 317.42 586.55 Td (on ) Tj ET Q
q 0 0 0 rg BT 331.33 586.55 Td (information ) Tj ET Q
q 0 0 0 rg BT 384.31 586.55 Td (we ) Tj ET Q
q 0 0 0 rg BT 399.97 586.55 Td (received ) Tj ET Q
q 0 0 0 rg BT 438.93 586.55 Td (from ) Tj ET Q
q 0 0 0 rg BT 462.76 586.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 478.99 586.55 Td (directors, ) Tj ET Q
q 0 0 0 rg BT 521.77 586.55 Td (executive ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 573.95 Td (of) Tj ET Q
q 0 0 0 rg BT 58.06 573.95 Td (ficers ) Tj ET Q
q 0 0 0 rg BT 84.07 573.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 101.92 573.95 Td (filings ) Tj ET Q
q 0 0 0 rg BT 131.45 573.95 Td (made ) Tj ET Q
q 0 0 0 rg BT 156.88 573.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 178.24 573.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 193.76 573.95 Td (SEC. ) Tj ET Q
q 0 0 0 rg BT 218.14 573.95 Td (W) Tj ET Q
q 0 0 0 rg BT 227.21 573.95 Td (e ) Tj ET Q
q 0 0 0 rg BT 234.56 573.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 250.07 573.95 Td (not ) Tj ET Q
q 0 0 0 rg BT 266.18 573.95 Td (aware ) Tj ET Q
q 0 0 0 rg BT 293.93 573.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 305.37 573.95 Td (any ) Tj ET Q
q 0 0 0 rg BT 323.22 573.95 Td (other ) Tj ET Q
q 0 0 0 rg BT 347.49 573.95 Td (beneficial ) Tj ET Q
q 0 0 0 rg BT 391.57 573.95 Td (owner ) Tj ET Q
q 0 0 0 rg BT 420.51 573.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 431.94 573.95 Td (more ) Tj ET Q
q 0 0 0 rg BT 456.21 573.95 Td (than ) Tj ET Q
q 0 0 0 rg BT 476.98 573.95 Td (five ) Tj ET Q
q 0 0 0 rg BT 496.00 573.95 Td (percent ) Tj ET Q
q 0 0 0 rg BT 529.59 573.95 Td (\(5%\) ) Tj ET Q
q 0 0 0 rg BT 553.27 573.95 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 561.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 65.84 561.35 Td (number ) Tj ET Q
q 0 0 0 rg BT 101.42 561.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 113.68 561.35 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 166.19 561.35 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 197.69 561.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 209.95 561.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 222.20 561.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 253.12 561.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 269.75 561.35 Td (2020. ) Tj ET Q
q 0 0 0 rg BT 296.88 561.35 Td (Unless ) Tj ET Q
q 0 0 0 rg BT 328.98 561.35 Td (otherwise ) Tj ET Q
q 0 0 0 rg BT 373.31 561.35 Td (indicated, ) Tj ET Q
q 0 0 0 rg BT 417.93 561.35 Td (each ) Tj ET Q
q 0 0 0 rg BT 440.67 561.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 452.92 561.35 Td (our ) Tj ET Q
q 0 0 0 rg BT 470.43 561.35 Td (directors ) Tj ET Q
q 0 0 0 rg BT 510.68 561.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 529.35 561.35 Td (�) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 534.01 561.35 Td (named ) Tj ET Q
BT /F5 10.50 Tf ET
q 0 0 0 rg BT 49.50 548.75 Td (executive ) Tj ET Q
q 0 0 0 rg BT 91.30 548.75 Td (officers) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 122.79 548.75 Td (� ) Tj ET Q
q 0 0 0 rg BT 130.21 548.75 Td (has ) Tj ET Q
q 0 0 0 rg BT 146.95 548.75 Td (\(a\)�the ) Tj ET Q
q 0 0 0 rg BT 176.81 548.75 Td (same ) Tj ET Q
q 0 0 0 rg BT 201.13 548.75 Td (business ) Tj ET Q
q 0 0 0 rg BT 239.47 548.75 Td (address ) Tj ET Q
q 0 0 0 rg BT 273.71 548.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 285.21 548.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 309.53 548.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 340.86 548.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 358.77 548.75 Td (\(b\)�sole ) Tj ET Q
q 0 0 0 rg BT 393.31 548.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 442.13 548.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 460.04 548.75 Td (voting ) Tj ET Q
q 0 0 0 rg BT 489.63 548.75 Td (power ) Tj ET Q
q 0 0 0 rg BT 518.62 548.75 Td (over ) Tj ET Q
q 0 0 0 rg BT 540.02 548.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 553.27 548.75 Td (of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 536.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 64.95 536.15 Td (shares ) Tj ET Q
q 0 0 0 rg BT 93.82 536.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 112.19 536.15 Td (he ) Tj ET Q
q 0 0 0 rg BT 124.73 536.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 136.10 536.15 Td (she ) Tj ET Q
q 0 0 0 rg BT 152.72 536.15 Td (beneficially ) Tj ET Q
q 0 0 0 rg BT 204.90 536.15 Td (owns. ) Tj ET Q
q 0 0 0 rg BT 231.74 536.15 Td (All ) Tj ET Q
q 0 0 0 rg BT 247.79 536.15 Td (Share ) Tj ET Q
q 0 0 0 rg BT 274.32 536.15 Td (numbers ) Tj ET Q
q 0 0 0 rg BT 313.10 536.15 Td (have ) Tj ET Q
q 0 0 0 rg BT 335.55 536.15 Td (been ) Tj ET Q
q 0 0 0 rg BT 358.00 536.15 Td (rounded ) Tj ET Q
q 0 0 0 rg BT 395.03 536.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 405.82 536.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 421.28 536.15 Td (nearest ) Tj ET Q
q 0 0 0 rg BT 453.63 536.15 Td (whole ) Tj ET Q
q 0 0 0 rg BT 481.92 536.15 Td (number) Tj ET Q
q 0 0 0 rg BT 513.41 536.15 Td (.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
49.25 479.65 m
374.25 479.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
378.25 479.65 m
452.25 479.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
474.25 479.65 m
556.25 479.65 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 484.44 Td (Name of Owner) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 394.00 515.94 Td (Common ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 402.20 505.44 Td (Stock ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 388.50 494.94 Td (Beneficially ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 390.70 484.44 Td (Owned) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 422.79 489.20 Td (\(1\)\(2\)) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 491.95 515.94 Td (Per) Tj ET Q
q 0 0 0 rg BT 507.50 515.94 Td (cent of ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 486.70 505.44 Td (Outstanding ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 494.00 494.94 Td (Common ) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 498.20 484.44 Td (Stock) Tj ET Q
BT /F2 10.50 Tf ET
BT /F2 6.82 Tf ET
q 0 0 0 rg BT 523.29 489.20 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 469.42 Td (BlackRock, Inc.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.25 469.42 Td (8,290,080) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 474.85 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 469.42 Td (9.44) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 469.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 454.42 Td (V) Tj ET Q
q 0 0 0 rg BT 58.75 454.42 Td (anguard) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.25 454.42 Td (7,821,495) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 459.85 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 454.42 Td (8.91) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 454.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 439.42 Td (Nelson Peltz) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.25 439.42 Td (3,881,704) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.75 439.42 Td (**) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 439.42 Td (4.42) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 439.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 424.42 Td (Ed Garden) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.25 424.42 Td (3,881,704) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 454.75 424.42 Td (**) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 424.42 Td (4.42) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 424.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 409.42 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 82.67 409.42 Td (A. Sullivan) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.25 409.42 Td (1,988,81) Tj ET Q
q 0 0 0 rg BT 443.00 409.42 Td (1) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 414.85 Td (\(5\)\(6\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 409.42 Td (2.27) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 409.42 Td (%) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 394.42 Td (Peter H. Nachtwey) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.10 394.42 Td (266,676) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 399.85 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 394.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 379.42 Td (T) Tj ET Q
q 0 0 0 rg BT 57.80 379.42 Td (erence ) Tj ET Q
q 0 0 0 rg BT 87.16 379.42 Td (A. Johnson) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.10 379.42 Td (236,470) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 384.85 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 379.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 364.42 Td (Thomas C. Merchant) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 414.10 364.42 Td (148,733) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 369.85 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 364.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 349.42 Td (Patricia Lattin) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.35 349.42 Td (62,238) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 354.85 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 349.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 334.42 Td (Thomas K. Hoops***) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.35 334.42 Td (50,357) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 339.85 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 334.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 319.42 Td (John ) Tj ET Q
q 0 0 0 rg BT 74.12 319.42 Td (V) Tj ET Q
q 0 0 0 rg BT 80.93 319.42 Td (. Murphy) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.35 319.42 Td (31,450) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 319.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 304.42 Td (Robert ) Tj ET Q
q 0 0 0 rg BT 82.66 304.42 Td (Angelica) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.35 304.42 Td (27,772) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 304.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 289.42 Td (Carol ) Tj ET Q
q 0 0 0 rg BT 77.41 289.42 Td (Anthony \("John"\) Davidson) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.35 289.42 Td (26,789) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 294.85 Td (\(7\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 289.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 274.42 Td (Frances L. Cashman***) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.35 274.42 Td (21,729) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 279.85 Td (\(5\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 259.42 Td (Michelle J. Goldber) Tj ET Q
q 0 0 0 rg BT 135.35 259.42 Td (g) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 419.35 259.42 Td (10,451) Tj ET Q
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 454.75 264.85 Td (\(7\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 259.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 244.42 Td (Alison ) Tj ET Q
q 0 0 0 rg BT 82.09 244.42 Td (A. Quirk) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.60 244.42 Td (7,237) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 244.42 Td (*) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 51.75 229.42 Td (Stephen Hooley) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 424.60 229.42 Td (3,396) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.50 229.42 Td (*) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 51.75 214.44 Td (All curr) Tj ET Q
q 0 0 0 rg BT 87.42 214.44 Td (ent executive officers and dir) Tj ET Q
q 0 0 0 rg BT 216.71 214.44 Td (ectors as a gr) Tj ET Q
q 0 0 0 rg BT 275.70 214.44 Td (oup \(13 persons\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 406.25 214.42 Td (6,691,727) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 528.60 214.42 Td (7.62) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 547.00 214.42 Td (%) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 199.95 Td (* ) Tj ET Q
q 0 0 0 rg BT 67.50 199.95 Td (Less than one percent \(1%\).) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 187.95 Td (** ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 187.95 Td (These ) Tj ET Q
q 0 0 0 rg BT 90.48 187.95 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 115.82 187.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 128.88 187.95 Td (owned ) Tj ET Q
q 0 0 0 rg BT 154.23 187.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 165.41 187.95 Td (certain ) Tj ET Q
q 0 0 0 rg BT 191.22 187.95 Td (funds ) Tj ET Q
q 0 0 0 rg BT 212.79 187.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 227.75 187.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 267.73 187.95 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 298.26 187.95 Td (\(which ) Tj ET Q
q 0 0 0 rg BT 324.55 187.95 Td (we ) Tj ET Q
q 0 0 0 rg BT 337.15 187.95 Td (refer ) Tj ET Q
q 0 0 0 rg BT 355.87 187.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 365.16 187.95 Td (as ) Tj ET Q
q 0 0 0 rg BT 374.93 187.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 387.99 187.95 Td (�) Tj ET Q
BT /F5 8.50 Tf ET
q 0 0 0 rg BT 391.77 187.95 Td (T) Tj ET Q
q 0 0 0 rg BT 396.02 187.95 Td (rian ) Tj ET Q
q 0 0 0 rg BT 412.88 187.95 Td (Funds) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 434.13 187.95 Td (�\) ) Tj ET Q
q 0 0 0 rg BT 443.42 187.95 Td (managed ) Tj ET Q
q 0 0 0 rg BT 476.78 187.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 487.77 187.95 Td (T) Tj ET Q
q 0 0 0 rg BT 492.66 187.95 Td (rian, ) Tj ET Q
q 0 0 0 rg BT 510.69 187.95 Td (an ) Tj ET Q
q 0 0 0 rg BT 521.39 187.95 Td (institutional ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 177.75 Td (investment ) Tj ET Q
q 0 0 0 rg BT 106.21 177.75 Td (manager) Tj ET Q
q 0 0 0 rg BT 135.14 177.75 Td (, ) Tj ET Q
q 0 0 0 rg BT 138.67 177.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 152.26 177.75 Td (T) Tj ET Q
q 0 0 0 rg BT 157.15 177.75 Td (rian. ) Tj ET Q
q 0 0 0 rg BT 173.90 177.75 Td (None ) Tj ET Q
q 0 0 0 rg BT 193.73 177.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 202.22 177.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 219.22 177.75 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 243.29 177.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 255.08 177.75 Td (held ) Tj ET Q
q 0 0 0 rg BT 271.13 177.75 Td (directly ) Tj ET Q
q 0 0 0 rg BT 298.50 177.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 308.42 177.75 Td (Mr) Tj ET Q
q 0 0 0 rg BT 318.34 177.75 Td (.�Peltz ) Tj ET Q
q 0 0 0 rg BT 341.00 177.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 349.49 177.75 Td (Mr) Tj ET Q
q 0 0 0 rg BT 359.41 177.75 Td (.�Garden. ) Tj ET Q
q 0 0 0 rg BT 392.21 177.75 Td (Of ) Tj ET Q
q 0 0 0 rg BT 402.60 177.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 414.39 177.75 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 438.47 177.75 Td (owned ) Tj ET Q
q 0 0 0 rg BT 462.54 177.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 472.46 177.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 484.15 177.75 Td (T) Tj ET Q
q 0 0 0 rg BT 489.05 177.75 Td (rian ) Tj ET Q
q 0 0 0 rg BT 503.68 177.75 Td (Funds, ) Tj ET Q
q 0 0 0 rg BT 528.00 177.75 Td (3,881,704 ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 167.55 Td (shares ) Tj ET Q
q 0 0 0 rg BT 90.73 167.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 103.08 167.55 Td (held ) Tj ET Q
q 0 0 0 rg BT 119.70 167.55 Td (in ) Tj ET Q
q 0 0 0 rg BT 128.30 167.55 Td (commingled ) Tj ET Q
q 0 0 0 rg BT 172.77 167.55 Td (mar) Tj ET Q
q 0 0 0 rg BT 185.84 167.55 Td (gin ) Tj ET Q
q 0 0 0 rg BT 198.68 167.55 Td (accounts ) Tj ET Q
q 0 0 0 rg BT 230.40 167.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 247.50 167.55 Td (a ) Tj ET Q
q 0 0 0 rg BT 253.25 167.55 Td (prime ) Tj ET Q
q 0 0 0 rg BT 275.06 167.55 Td (broker) Tj ET Q
q 0 0 0 rg BT 296.78 167.55 Td (. ) Tj ET Q
q 0 0 0 rg BT 300.89 167.55 Td (Mr) Tj ET Q
q 0 0 0 rg BT 310.81 167.55 Td (.�Peltz ) Tj ET Q
q 0 0 0 rg BT 334.04 167.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 348.29 167.55 Td (Mr) Tj ET Q
q 0 0 0 rg BT 358.21 167.55 Td (.�Garden ) Tj ET Q
q 0 0 0 rg BT 389.46 167.55 Td (are ) Tj ET Q
q 0 0 0 rg BT 401.82 167.55 Td (members ) Tj ET Q
q 0 0 0 rg BT 434.96 167.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 443.88 167.55 Td (T) Tj ET Q
q 0 0 0 rg BT 448.77 167.55 Td (rian ) Tj ET Q
q 0 0 0 rg BT 463.97 167.55 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 483.43 167.55 Td (Management ) Tj ET Q
q 0 0 0 rg BT 529.79 167.55 Td (GP) Tj ET Q
q 0 0 0 rg BT 539.71 167.55 Td (, ) Tj ET Q
q 0 0 0 rg BT 543.82 167.55 Td (LLC, ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 157.35 Td (which ) Tj ET Q
q 0 0 0 rg BT 90.69 157.35 Td (is ) Tj ET Q
q 0 0 0 rg BT 98.78 157.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 111.58 157.35 Td (general ) Tj ET Q
q 0 0 0 rg BT 139.01 157.35 Td (partner ) Tj ET Q
q 0 0 0 rg BT 165.50 157.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 174.82 157.35 Td (T) Tj ET Q
q 0 0 0 rg BT 179.71 157.35 Td (rian, ) Tj ET Q
q 0 0 0 rg BT 197.47 157.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 212.16 157.35 Td (therefore ) Tj ET Q
q 0 0 0 rg BT 245.25 157.35 Td (are ) Tj ET Q
q 0 0 0 rg BT 258.04 157.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 267.07 157.35 Td (a ) Tj ET Q
q 0 0 0 rg BT 273.26 157.35 Td (position ) Tj ET Q
q 0 0 0 rg BT 303.08 157.35 Td (to ) Tj ET Q
q 0 0 0 rg BT 312.10 157.35 Td (determine ) Tj ET Q
q 0 0 0 rg BT 348.51 157.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 361.31 157.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 401.03 157.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 415.72 157.35 Td (voting ) Tj ET Q
q 0 0 0 rg BT 439.86 157.35 Td (decisions ) Tj ET Q
q 0 0 0 rg BT 473.91 157.35 Td (made ) Tj ET Q
q 0 0 0 rg BT 494.74 157.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 505.48 157.35 Td (T) Tj ET Q
q 0 0 0 rg BT 510.38 157.35 Td (rian ) Tj ET Q
q 0 0 0 rg BT 526.01 157.35 Td (on ) Tj ET Q
q 0 0 0 rg BT 536.93 157.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 547.37 157.35 Td (own ) Tj ET Q
q 0 0 0 rg BT 564.14 157.35 Td ( ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 147.15 Td (behalf ) Tj ET Q
q 0 0 0 rg BT 90.60 147.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 104.73 147.15 Td (on ) Tj ET Q
q 0 0 0 rg BT 115.08 147.15 Td (behalf ) Tj ET Q
q 0 0 0 rg BT 138.18 147.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 147.12 147.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 159.23 147.15 Td (T) Tj ET Q
q 0 0 0 rg BT 164.12 147.15 Td (rian ) Tj ET Q
q 0 0 0 rg BT 179.19 147.15 Td (Funds. ) Tj ET Q
q 0 0 0 rg BT 203.55 147.15 Td (Accordingly) Tj ET Q
q 0 0 0 rg BT 245.49 147.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 249.47 147.15 Td (each ) Tj ET Q
q 0 0 0 rg BT 266.90 147.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 275.83 147.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 285.75 147.15 Td (.�Peltz ) Tj ET Q
q 0 0 0 rg BT 308.86 147.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 322.99 147.15 Td (Mr) Tj ET Q
q 0 0 0 rg BT 332.91 147.15 Td (.�Garden ) Tj ET Q
q 0 0 0 rg BT 364.03 147.15 Td (may ) Tj ET Q
q 0 0 0 rg BT 380.52 147.15 Td (be ) Tj ET Q
q 0 0 0 rg BT 390.40 147.15 Td (deemed ) Tj ET Q
q 0 0 0 rg BT 418.69 147.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 427.16 147.15 Td (indirectly ) Tj ET Q
q 0 0 0 rg BT 461.59 147.15 Td (beneficially ) Tj ET Q
q 0 0 0 rg BT 503.57 147.15 Td (own ) Tj ET Q
q 0 0 0 rg BT 520.06 147.15 Td (\(as ) Tj ET Q
q 0 0 0 rg BT 531.83 147.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 546.44 147.15 Td (term ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 136.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 75.76 136.95 Td (defined ) Tj ET Q
q 0 0 0 rg BT 103.84 136.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 113.04 136.95 Td (Rule�13d-3�under ) Tj ET Q
q 0 0 0 rg BT 175.12 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 188.09 136.95 Td (Exchange ) Tj ET Q
q 0 0 0 rg BT 223.62 136.95 Td (Act\) ) Tj ET Q
q 0 0 0 rg BT 241.32 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 254.29 136.95 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 279.54 136.95 Td (owned ) Tj ET Q
q 0 0 0 rg BT 304.79 136.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 315.88 136.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 328.67 136.95 Td (T) Tj ET Q
q 0 0 0 rg BT 333.56 136.95 Td (rian ) Tj ET Q
q 0 0 0 rg BT 349.37 136.95 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 372.75 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 387.42 136.95 Td (T) Tj ET Q
q 0 0 0 rg BT 392.31 136.95 Td (rian. ) Tj ET Q
q 0 0 0 rg BT 410.25 136.95 Td (Each ) Tj ET Q
q 0 0 0 rg BT 429.82 136.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 439.49 136.95 Td (Mr) Tj ET Q
q 0 0 0 rg BT 449.41 136.95 Td (.�Peltz ) Tj ET Q
q 0 0 0 rg BT 473.25 136.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 488.11 136.95 Td (Mr) Tj ET Q
q 0 0 0 rg BT 498.03 136.95 Td (.�Garden ) Tj ET Q
q 0 0 0 rg BT 529.89 136.95 Td (disclaims ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 126.75 Td (beneficial ) Tj ET Q
q 0 0 0 rg BT 103.13 126.75 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 140.67 126.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 149.88 126.75 Td (such ) Tj ET Q
q 0 0 0 rg BT 167.58 126.75 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 192.37 126.75 Td (for ) Tj ET Q
q 0 0 0 rg BT 204.40 126.75 Td (all ) Tj ET Q
q 0 0 0 rg BT 215.03 126.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 234.62 126.75 Td (purposes.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 116.55 Td (*** ) Tj ET Q
q 0 0 0 rg BT 67.50 116.55 Td (Ms.�Cashman ) Tj ET Q
q 0 0 0 rg BT 116.38 116.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 130.77 116.55 Td (Mr) Tj ET Q
q 0 0 0 rg BT 140.69 116.55 Td (.�Hoops ) Tj ET Q
q 0 0 0 rg BT 169.27 116.55 Td (terminated ) Tj ET Q
q 0 0 0 rg BT 207.74 116.55 Td (their ) Tj ET Q
q 0 0 0 rg BT 225.44 116.55 Td (employment ) Tj ET Q
q 0 0 0 rg BT 270.06 116.55 Td (with ) Tj ET Q
q 0 0 0 rg BT 287.30 116.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 299.81 116.55 Td (Company ) Tj ET Q
q 0 0 0 rg BT 334.98 116.55 Td (ef) Tj ET Q
q 0 0 0 rg BT 341.43 116.55 Td (fective ) Tj ET Q
q 0 0 0 rg BT 366.68 116.55 Td (January�1, ) Tj ET Q
q 0 0 0 rg BT 403.74 116.55 Td (2020.) Tj ET Q
BT /F1 8.00 Tf ET
q 0 0 0 rg BT 49.50 94.95 Td (�) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 72.75 Td ( ) Tj ET Q
endstream
endobj
375 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 376 0 R>>
endobj
376 0 obj
<</Length 22125>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (185) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 743.15 Td (\(1\) ) Tj ET Q
q 0 0 0 rg BT 67.50 743.15 Td (Except as otherwise indicated and except for Shares held by members of an individual�) Tj ET Q
q 0 0 0 rg BT 363.26 743.15 Td (s family or in trust, all Shares are held with sole ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 732.95 Td (dispositive and voting power) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 722.75 Td (\(2\) ) Tj ET Q
q 0 0 0 rg BT 67.50 722.75 Td (Includes, for the individuals listed below) Tj ET Q
q 0 0 0 rg BT 205.76 722.75 Td (, the following number of Shares subject to Company Options exercisable within sixty \(60\)�days from ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 712.55 Td (March 31, 2020:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
127.25 680.05 m
421.25 680.05 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425.25 680.05 m
483.25 680.05 l
s
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.75 684.39 Td (Name) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 434.10 692.89 Td (Number) Tj ET Q
q 0 0 0 rg BT 464.17 692.89 Td ( of) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 441.50 684.39 Td (Shar) Tj ET Q
q 0 0 0 rg BT 458.82 684.39 Td (es) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 671.41 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 154.78 671.41 Td (A. Sullivan) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 445.90 671.41 Td (1,139,584) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 658.41 Td (T) Tj ET Q
q 0 0 0 rg BT 134.65 658.41 Td (erence ) Tj ET Q
q 0 0 0 rg BT 158.41 658.41 Td (A. Johnson) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 456.50 658.41 Td (67,144) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 645.41 Td (Peter H. Nachtwey) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 456.50 645.41 Td (47,106) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 632.41 Td (Thomas K. Hoops) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 456.50 632.41 Td (38,557) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 619.41 Td (Frances Cashman) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 456.50 619.41 Td (21,729) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 606.41 Td (Thomas C. Merchant) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 456.50 606.41 Td (21,505) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 593.41 Td (Patricia Lattin) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 460.75 593.41 Td (5,628) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.75 580.39 Td (All curr) Tj ET Q
q 0 0 0 rg BT 158.63 580.39 Td (ent executive officers and dir) Tj ET Q
q 0 0 0 rg BT 263.29 580.39 Td (ectors as a gr) Tj ET Q
q 0 0 0 rg BT 311.05 580.39 Td (oup \(13 persons\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 445.90 580.39 Td (1,280,697) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 550.15 Td (Also ) Tj ET Q
q 0 0 0 rg BT 86.19 550.15 Td (includes ) Tj ET Q
q 0 0 0 rg BT 117.15 550.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 129.70 550.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 142.72 550.15 Td (individuals ) Tj ET Q
q 0 0 0 rg BT 183.13 550.15 Td (listed ) Tj ET Q
q 0 0 0 rg BT 204.18 550.15 Td (below) Tj ET Q
q 0 0 0 rg BT 224.40 550.15 Td (, ) Tj ET Q
q 0 0 0 rg BT 229.16 550.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 242.17 550.15 Td (following ) Tj ET Q
q 0 0 0 rg BT 277.86 550.15 Td (number ) Tj ET Q
q 0 0 0 rg BT 306.46 550.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 316.17 550.15 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 347.12 550.15 Td (but ) Tj ET Q
q 0 0 0 rg BT 360.61 550.15 Td (vested ) Tj ET Q
q 0 0 0 rg BT 384.96 550.15 Td (Company ) Tj ET Q
q 0 0 0 rg BT 420.65 550.15 Td (Restricted ) Tj ET Q
q 0 0 0 rg BT 457.75 550.15 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 479.74 550.15 Td (Units. ) Tj ET Q
q 0 0 0 rg BT 502.92 550.15 Td (Included ) Tj ET Q
q 0 0 0 rg BT 535.29 550.15 Td (in ) Tj ET Q
q 0 0 0 rg BT 544.54 550.15 Td (these ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 539.95 Td (numbers ) Tj ET Q
q 0 0 0 rg BT 99.13 539.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 111.86 539.95 Td (deferred ) Tj ET Q
q 0 0 0 rg BT 142.52 539.95 Td (awards ) Tj ET Q
q 0 0 0 rg BT 168.95 539.95 Td (that ) Tj ET Q
q 0 0 0 rg BT 184.05 539.95 Td (will ) Tj ET Q
q 0 0 0 rg BT 199.63 539.95 Td (be ) Tj ET Q
q 0 0 0 rg BT 210.00 539.95 Td (distributed ) Tj ET Q
q 0 0 0 rg BT 248.71 539.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 257.16 539.95 Td (April ) Tj ET Q
q 0 0 0 rg BT 277.46 539.95 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 296.81 539.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 309.07 539.95 Td (�Messrs. ) Tj ET Q
q 0 0 0 rg BT 339.76 539.95 Td (Sullivan, ) Tj ET Q
q 0 0 0 rg BT 372.58 539.95 Td (Nachtwey) Tj ET Q
q 0 0 0 rg BT 406.48 539.95 Td (, ) Tj ET Q
q 0 0 0 rg BT 410.96 539.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 425.59 539.95 Td (Merchant�in ) Tj ET Q
q 0 0 0 rg BT 469.25 539.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 481.99 539.95 Td (amount ) Tj ET Q
q 0 0 0 rg BT 509.84 539.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.27 539.95 Td (9,445, ) Tj ET Q
q 0 0 0 rg BT 542.88 539.95 Td (2,527 ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 529.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 81.90 529.75 Td (1,093 ) Tj ET Q
q 0 0 0 rg BT 103.15 529.75 Td (shares, ) Tj ET Q
q 0 0 0 rg BT 128.64 529.75 Td (respectively) Tj ET Q
q 0 0 0 rg BT 169.15 529.75 Td (. ) Tj ET Q
q 0 0 0 rg BT 173.40 529.75 Td (Restricted ) Tj ET Q
q 0 0 0 rg BT 209.99 529.75 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 231.48 529.75 Td (Units ) Tj ET Q
q 0 0 0 rg BT 252.02 529.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 264.53 529.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 277.51 529.75 Td (held ) Tj ET Q
q 0 0 0 rg BT 294.27 529.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 311.51 529.75 Td (voting ) Tj ET Q
q 0 0 0 rg BT 335.36 529.75 Td (rights ) Tj ET Q
q 0 0 0 rg BT 356.85 529.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 371.24 529.75 Td (cannot ) Tj ET Q
q 0 0 0 rg BT 396.03 529.75 Td (be ) Tj ET Q
q 0 0 0 rg BT 406.17 529.75 Td (transferred.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
127.25 497.25 m
421.25 497.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425.25 497.25 m
483.25 497.25 l
s
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.75 501.59 Td (Name) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 434.10 510.09 Td (Number) Tj ET Q
q 0 0 0 rg BT 464.17 510.09 Td ( of) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 441.50 501.59 Td (Shar) Tj ET Q
q 0 0 0 rg BT 458.82 501.59 Td (es) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 488.61 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 154.78 488.61 Td (A. Sullivan) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 452.25 488.61 Td (195,541) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 475.61 Td (Peter H. Nachtwey) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 456.50 475.61 Td (14,591) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 129.75 462.61 Td (Thomas C. Merchant) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 456.50 462.61 Td (20,078) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 129.75 449.59 Td (All curr) Tj ET Q
q 0 0 0 rg BT 158.63 449.59 Td (ent executive officers and dir) Tj ET Q
q 0 0 0 rg BT 263.29 449.59 Td (ectors as a gr) Tj ET Q
q 0 0 0 rg BT 311.05 449.59 Td (oup \(13 persons\)) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 452.25 449.59 Td (230,010) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 428.35 Td (\(3\) ) Tj ET Q
q 0 0 0 rg BT 67.50 428.35 Td (Represents ) Tj ET Q
q 0 0 0 rg BT 106.86 428.35 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 131.59 428.35 Td (held ) Tj ET Q
q 0 0 0 rg BT 148.29 428.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 158.86 428.35 Td (BlackRock, ) Tj ET Q
q 0 0 0 rg BT 200.82 428.35 Td (Inc., ) Tj ET Q
q 0 0 0 rg BT 217.99 428.35 Td (40 ) Tj ET Q
q 0 0 0 rg BT 228.55 428.35 Td (East ) Tj ET Q
q 0 0 0 rg BT 245.25 428.35 Td (52nd ) Tj ET Q
q 0 0 0 rg BT 264.32 428.35 Td (Street, ) Tj ET Q
q 0 0 0 rg BT 288.34 428.35 Td (New ) Tj ET Q
q 0 0 0 rg BT 306.15 428.35 Td (Y) Tj ET Q
q 0 0 0 rg BT 311.44 428.35 Td (ork, ) Tj ET Q
q 0 0 0 rg BT 326.96 428.35 Td (NY) Tj ET Q
q 0 0 0 rg BT 338.92 428.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 340.99 428.35 Td (10022, ) Tj ET Q
q 0 0 0 rg BT 366.43 428.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 375.10 428.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 385.20 428.35 Td (capacity ) Tj ET Q
q 0 0 0 rg BT 415.58 428.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 424.73 428.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 464.10 428.35 Td (advisor) Tj ET Q
q 0 0 0 rg BT 488.65 428.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 492.39 428.35 Td (All ) Tj ET Q
q 0 0 0 rg BT 505.32 428.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 514.46 428.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 526.91 428.35 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 551.64 428.35 Td (are ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 418.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 84.25 418.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 101.47 418.15 Td (sole ) Tj ET Q
q 0 0 0 rg BT 117.28 418.15 Td (dispositive ) Tj ET Q
q 0 0 0 rg BT 156.23 418.15 Td (power ) Tj ET Q
q 0 0 0 rg BT 179.58 418.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 193.97 418.15 Td (none ) Tj ET Q
q 0 0 0 rg BT 212.60 418.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 221.80 418.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 234.29 418.15 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 259.07 418.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 271.56 418.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 288.31 418.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 305.53 418.15 Td (shared ) Tj ET Q
q 0 0 0 rg BT 329.83 418.15 Td (dispositive ) Tj ET Q
q 0 0 0 rg BT 368.78 418.15 Td (power) Tj ET Q
q 0 0 0 rg BT 389.55 418.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 393.79 418.15 Td (7,940,085 ) Tj ET Q
q 0 0 0 rg BT 429.90 418.15 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 454.68 418.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 467.17 418.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 483.91 418.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 501.14 418.15 Td (sole ) Tj ET Q
q 0 0 0 rg BT 516.94 418.15 Td (voting ) Tj ET Q
q 0 0 0 rg BT 540.78 418.15 Td (power ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 407.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 82.42 407.95 Td (none ) Tj ET Q
q 0 0 0 rg BT 101.58 407.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 114.60 407.95 Td (held ) Tj ET Q
q 0 0 0 rg BT 131.88 407.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 149.64 407.95 Td (shared ) Tj ET Q
q 0 0 0 rg BT 174.47 407.95 Td (voting ) Tj ET Q
q 0 0 0 rg BT 198.84 407.95 Td (power) Tj ET Q
q 0 0 0 rg BT 219.61 407.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 224.19 407.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 240.05 407.95 Td (number ) Tj ET Q
q 0 0 0 rg BT 268.66 407.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 278.38 407.95 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 303.69 407.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 312.94 407.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 325.97 407.95 Td (preceding ) Tj ET Q
q 0 0 0 rg BT 362.13 407.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 404.90 407.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 413.22 407.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 435.21 407.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 454.86 407.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 461.28 407.95 Td (Schedule ) Tj ET Q
q 0 0 0 rg BT 495.08 407.95 Td (13G ) Tj ET Q
q 0 0 0 rg BT 512.36 407.95 Td (report ) Tj ET Q
q 0 0 0 rg BT 535.30 407.95 Td (filed ) Tj ET Q
q 0 0 0 rg BT 553.52 407.95 Td (by ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 397.75 Td (BlackRock, ) Tj ET Q
q 0 0 0 rg BT 109.82 397.75 Td (Inc. ) Tj ET Q
q 0 0 0 rg BT 125.23 397.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 158.82 397.75 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 196.66 397.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 206.17 397.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 215.67 397.75 Td (December�31, ) Tj ET Q
q 0 0 0 rg BT 265.77 397.75 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 287.15 397.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 302.80 397.75 Td (percentages ) Tj ET Q
q 0 0 0 rg BT 345.34 397.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 358.14 397.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 379.93 397.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 390.85 397.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 410.75 397.75 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 436.25 397.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 441.99 397.75 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 484.08 397.75 Td (shares ) Tj ET Q
q 0 0 0 rg BT 507.75 397.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 517.26 397.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 526.77 397.75 Td (March ) Tj ET Q
q 0 0 0 rg BT 551.38 397.75 Td (31, ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 387.55 Td (2020.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 377.35 Td (\(4\) ) Tj ET Q
q 0 0 0 rg BT 67.50 377.35 Td (Represents ) Tj ET Q
q 0 0 0 rg BT 106.81 377.35 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 131.49 377.35 Td (held ) Tj ET Q
q 0 0 0 rg BT 148.15 377.35 Td (by ) Tj ET Q
q 0 0 0 rg BT 158.52 377.35 Td (The ) Tj ET Q
q 0 0 0 rg BT 173.60 377.35 Td (V) Tj ET Q
q 0 0 0 rg BT 178.80 377.35 Td (anguard ) Tj ET Q
q 0 0 0 rg BT 208.19 377.35 Td (Group, ) Tj ET Q
q 0 0 0 rg BT 234.05 377.35 Td (100 ) Tj ET Q
q 0 0 0 rg BT 248.68 377.35 Td (V) Tj ET Q
q 0 0 0 rg BT 253.87 377.35 Td (anguard ) Tj ET Q
q 0 0 0 rg BT 283.27 377.35 Td (Boulevard, ) Tj ET Q
q 0 0 0 rg BT 322.82 377.35 Td (Malvern, ) Tj ET Q
q 0 0 0 rg BT 355.75 377.35 Td (P) Tj ET Q
q 0 0 0 rg BT 359.70 377.35 Td (A) Tj ET Q
q 0 0 0 rg BT 365.37 377.35 Td ( ) Tj ET Q
q 0 0 0 rg BT 367.39 377.35 Td (19355, ) Tj ET Q
q 0 0 0 rg BT 392.78 377.35 Td (in ) Tj ET Q
q 0 0 0 rg BT 401.41 377.35 Td (its ) Tj ET Q
q 0 0 0 rg BT 411.46 377.35 Td (capacity ) Tj ET Q
q 0 0 0 rg BT 441.79 377.35 Td (as ) Tj ET Q
q 0 0 0 rg BT 450.89 377.35 Td (investment ) Tj ET Q
q 0 0 0 rg BT 490.21 377.35 Td (advisor) Tj ET Q
q 0 0 0 rg BT 514.76 377.35 Td (. ) Tj ET Q
q 0 0 0 rg BT 518.90 377.35 Td (7,777,182 ) Tj ET Q
q 0 0 0 rg BT 554.92 377.35 Td (of ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 367.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 79.81 367.15 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 104.40 367.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 116.70 367.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 133.26 367.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 150.29 367.15 Td (sole ) Tj ET Q
q 0 0 0 rg BT 165.91 367.15 Td (dispositive ) Tj ET Q
q 0 0 0 rg BT 204.67 367.15 Td (power ) Tj ET Q
q 0 0 0 rg BT 227.84 367.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 242.04 367.15 Td (44,313 ) Tj ET Q
q 0 0 0 rg BT 267.34 367.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 276.34 367.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 288.65 367.15 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 313.24 367.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 325.54 367.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 342.10 367.15 Td (with ) Tj ET Q
q 0 0 0 rg BT 359.14 367.15 Td (shared ) Tj ET Q
q 0 0 0 rg BT 383.25 367.15 Td (dispositive ) Tj ET Q
q 0 0 0 rg BT 422.01 367.15 Td (power) Tj ET Q
q 0 0 0 rg BT 442.78 367.15 Td (. ) Tj ET Q
q 0 0 0 rg BT 446.83 367.15 Td (42,803 ) Tj ET Q
q 0 0 0 rg BT 472.13 367.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 481.14 367.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 493.45 367.15 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 518.03 367.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 530.33 367.15 Td (held ) Tj ET Q
q 0 0 0 rg BT 546.89 367.15 Td (with ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 356.95 Td (sole ) Tj ET Q
q 0 0 0 rg BT 83.04 356.95 Td (voting ) Tj ET Q
q 0 0 0 rg BT 106.60 356.95 Td (power ) Tj ET Q
q 0 0 0 rg BT 129.69 356.95 Td (and ) Tj ET Q
q 0 0 0 rg BT 143.81 356.95 Td (12,258 ) Tj ET Q
q 0 0 0 rg BT 169.03 356.95 Td (are ) Tj ET Q
q 0 0 0 rg BT 181.25 356.95 Td (held ) Tj ET Q
q 0 0 0 rg BT 197.72 356.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 214.68 356.95 Td (shared ) Tj ET Q
q 0 0 0 rg BT 238.71 356.95 Td (voting ) Tj ET Q
q 0 0 0 rg BT 262.28 356.95 Td (power) Tj ET Q
q 0 0 0 rg BT 283.05 356.95 Td (. ) Tj ET Q
q 0 0 0 rg BT 286.89 356.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 301.94 356.95 Td (number ) Tj ET Q
q 0 0 0 rg BT 329.75 356.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 338.68 356.95 Td (Shares ) Tj ET Q
q 0 0 0 rg BT 363.18 356.95 Td (in ) Tj ET Q
q 0 0 0 rg BT 371.64 356.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 383.87 356.95 Td (preceding ) Tj ET Q
q 0 0 0 rg BT 419.22 356.95 Td (information ) Tj ET Q
q 0 0 0 rg BT 461.20 356.95 Td (is ) Tj ET Q
q 0 0 0 rg BT 468.71 356.95 Td (based ) Tj ET Q
q 0 0 0 rg BT 489.91 356.95 Td (upon ) Tj ET Q
q 0 0 0 rg BT 508.75 356.95 Td (a ) Tj ET Q
q 0 0 0 rg BT 514.37 356.95 Td (Schedule ) Tj ET Q
q 0 0 0 rg BT 547.37 356.95 Td (13G ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 346.75 Td (report ) Tj ET Q
q 0 0 0 rg BT 89.63 346.75 Td (filed ) Tj ET Q
q 0 0 0 rg BT 107.05 346.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 117.25 346.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 132.17 346.75 Td (V) Tj ET Q
q 0 0 0 rg BT 137.37 346.75 Td (anguard ) Tj ET Q
q 0 0 0 rg BT 166.58 346.75 Td (Group ) Tj ET Q
q 0 0 0 rg BT 190.14 346.75 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 223.14 346.75 Td (ownership ) Tj ET Q
q 0 0 0 rg BT 260.38 346.75 Td (as ) Tj ET Q
q 0 0 0 rg BT 269.30 346.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 278.22 346.75 Td (December�31, ) Tj ET Q
q 0 0 0 rg BT 327.73 346.75 Td (2019. ) Tj ET Q
q 0 0 0 rg BT 348.56 346.75 Td (The ) Tj ET Q
q 0 0 0 rg BT 363.61 346.75 Td (percentages ) Tj ET Q
q 0 0 0 rg BT 405.57 346.75 Td (are ) Tj ET Q
q 0 0 0 rg BT 417.78 346.75 Td (based ) Tj ET Q
q 0 0 0 rg BT 438.97 346.75 Td (on ) Tj ET Q
q 0 0 0 rg BT 449.31 346.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 468.61 346.75 Td (Mason�) Tj ET Q
q 0 0 0 rg BT 494.11 346.75 Td (s ) Tj ET Q
q 0 0 0 rg BT 499.26 346.75 Td (outstanding ) Tj ET Q
q 0 0 0 rg BT 540.76 346.75 Td (shares ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 336.55 Td (as ) Tj ET Q
q 0 0 0 rg BT 76.71 336.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 85.91 336.55 Td (March ) Tj ET Q
q 0 0 0 rg BT 110.22 336.55 Td (31, ) Tj ET Q
q 0 0 0 rg BT 122.97 336.55 Td (2020.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 326.35 Td (\(5\) ) Tj ET Q
q 0 0 0 rg BT 67.50 326.35 Td (Includes, for the individuals listed below) Tj ET Q
q 0 0 0 rg BT 205.76 326.35 Td (, the following number of unvested Company Restricted Stock Units. Company Restricted Stock Units ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 316.15 Td (are not held with voting rights and cannot be transferred. ) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
136.25 275.65 m
430.25 275.65 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.25 275.65 m
492.25 275.65 l
s
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 138.75 279.99 Td (Name) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 443.10 296.99 Td (Number) Tj ET Q
q 0 0 0 rg BT 473.17 296.99 Td ( of) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 444.10 288.49 Td (Restricted) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 441.80 279.99 Td (Stock Units) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 138.75 267.01 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 163.78 267.01 Td (A. Sullivan) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 461.25 267.01 Td (103,083) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 138.75 254.01 Td (Peter H. Nachtwey) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.50 254.01 Td (29,485) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 138.75 241.01 Td (Thomas C. Merchant) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.50 241.01 Td (16,557) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 138.75 228.01 Td (T) Tj ET Q
q 0 0 0 rg BT 143.65 228.01 Td (erence ) Tj ET Q
q 0 0 0 rg BT 167.41 228.01 Td (A. Johnson) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.50 228.01 Td (16,508) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 138.75 215.01 Td (Patricia Lattin) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 469.75 215.01 Td (9,417) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 190.75 Td (\(6\) ) Tj ET Q
q 0 0 0 rg BT 67.50 190.75 Td (Does ) Tj ET Q
q 0 0 0 rg BT 87.04 190.75 Td (not ) Tj ET Q
q 0 0 0 rg BT 99.97 190.75 Td (include ) Tj ET Q
q 0 0 0 rg BT 127.06 190.75 Td (6,620.03 ) Tj ET Q
q 0 0 0 rg BT 158.88 190.75 Td (units ) Tj ET Q
q 0 0 0 rg BT 177.48 190.75 Td (of ) Tj ET Q
q 0 0 0 rg BT 186.63 190.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 199.09 190.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 218.62 190.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 243.83 190.75 Td (Common ) Tj ET Q
q 0 0 0 rg BT 277.54 190.75 Td (Stock ) Tj ET Q
q 0 0 0 rg BT 298.98 190.75 Td (Fund ) Tj ET Q
q 0 0 0 rg BT 318.52 190.75 Td (held ) Tj ET Q
q 0 0 0 rg BT 335.23 190.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 343.91 190.75 Td (the ) Tj ET Q
q 0 0 0 rg BT 356.36 190.75 Td (Legg ) Tj ET Q
q 0 0 0 rg BT 375.90 190.75 Td (Mason ) Tj ET Q
q 0 0 0 rg BT 401.11 190.75 Td (Profit ) Tj ET Q
q 0 0 0 rg BT 422.54 190.75 Td (Sharing ) Tj ET Q
q 0 0 0 rg BT 451.05 190.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 465.40 190.75 Td (401\(k\) ) Tj ET Q
q 0 0 0 rg BT 490.13 190.75 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 507.31 190.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 521.50 190.75 Td (T) Tj ET Q
q 0 0 0 rg BT 526.40 190.75 Td (rust ) Tj ET Q
q 0 0 0 rg BT 541.22 190.75 Td (which ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 180.55 Td (translate ) Tj ET Q
q 0 0 0 rg BT 98.42 180.55 Td (into ) Tj ET Q
q 0 0 0 rg BT 113.77 180.55 Td (4,406.89 ) Tj ET Q
q 0 0 0 rg BT 145.64 180.55 Td (Shares.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 170.35 Td (\(7\) ) Tj ET Q
q 0 0 0 rg BT 67.50 170.35 Td (Includes, for the individuals listed below) Tj ET Q
q 0 0 0 rg BT 205.76 170.35 Td (, the following number of Company Restricted Stock Units. Company Restricted Stock Units are ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 67.50 160.15 Td (payable on a one-for) Tj ET Q
q 0 0 0 rg BT 137.42 160.15 Td (-one basis in Shares within sixty \(60\) days of the date on which the individual stops serving as a director of Legg Mason. ) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
136.25 113.64999999999998 m
430.25 113.64999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
434.25 113.64999999999998 m
492.25 113.64999999999998 l
s
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 138.75 117.99 Td (Name) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 443.10 134.99 Td (Number) Tj ET Q
q 0 0 0 rg BT 473.17 134.99 Td ( of) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 444.10 126.49 Td (Restricted) Tj ET Q
BT /F2 8.50 Tf ET
q 0 0 0 rg BT 441.80 117.99 Td (Stock Units) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 138.75 103.01 Td (Carol ) Tj ET Q
q 0 0 0 rg BT 159.53 103.01 Td (Anthony "John" Davidson) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.50 103.01 Td (23,789) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 138.75 88.01 Td (Michelle J. Goldber) Tj ET Q
q 0 0 0 rg BT 206.35 88.01 Td (g) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 465.50 88.01 Td (10,451) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
377 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 378 0 R>>
endobj
378 0 obj
<</Length 64144>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (186) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 741.90 Td (Equity ) Tj ET Q
q 0 0 0 rg BT 82.47 741.90 Td (Compensation ) Tj ET Q
q 0 0 0 rg BT 149.86 741.90 Td (Plan ) Tj ET Q
q 0 0 0 rg BT 172.90 741.90 Td (Information ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 45.00 717.30 Td (The following table provides information about our equity compensation plans as of ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 401.35 717.30 Td (March 31, 2020) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 468.13 717.30 Td (. ) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
173 694.8 m
283 694.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 694.8 m
410 694.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 694.8 m
535 694.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 614.8 m
169 614.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
173 614.8 m
283 614.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 694.8 m
410 694.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 614.8 m
410 614.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 614.8 m
535 614.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 614.8 m
410 614.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 614.8 m
535 614.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
173 545.8 m
283 545.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
173 531.8 m
283 531.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
173 529.8 m
283 529.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 545.8 m
410 545.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 531.8 m
410 531.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
300 529.8 m
410 529.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 545.8 m
535 545.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 531.8 m
535 531.8 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
425 529.8 m
535 529.8 l
s
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 221.65 697.53 Td (\(a\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 348.35 697.53 Td (\(b\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 473.95 697.53 Td (\(c\)) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 619.48 Td (Plan category) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 177.70 652.48 Td (Number) Tj ET Q
q 0 0 0 rg BT 213.07 652.48 Td ( of securities to) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 178.00 641.48 Td (be issued upon exer) Tj ET Q
q 0 0 0 rg BT 261.44 641.48 Td (cise) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 178.70 630.48 Td (of outstanding options,) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 184.95 619.48 Td (warrants and rights) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 315.85 649.48 Td (W) Tj ET Q
q 0 0 0 rg BT 325.30 649.48 Td (eighted-average) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 320.15 639.48 Td (exer) Tj ET Q
q 0 0 0 rg BT 338.28 639.48 Td (cise price of) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 311.15 629.48 Td (outstanding options,) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 311.95 619.48 Td (warrants and rights) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 435.15 685.48 Td (Number) Tj ET Q
q 0 0 0 rg BT 470.52 685.48 Td ( of securities) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 429.65 674.48 Td (r) Tj ET Q
q 0 0 0 rg BT 433.91 674.48 Td (emaining available for) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 433.25 663.48 Td (futur) Tj ET Q
q 0 0 0 rg BT 455.29 663.48 Td (e issuance under) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 435.45 652.48 Td (equity compensation) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 444.60 641.48 Td (plans \(excluding) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 434.30 630.48 Td (securities r) Tj ET Q
q 0 0 0 rg BT 481.04 630.48 Td (eflected in) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 454.90 619.48 Td (column \(a\)\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 604.47 Td (Equity compensation plans) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 70.50 594.47 Td (approved by) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 70.50 584.47 Td (stockholders) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 239.15 584.47 Td (6,977,045) Tj ET Q
BT /F1 6.50 Tf ET
q 0 0 0 rg BT 285.50 589.63 Td (\(1\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 302.50 584.47 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 383.65 584.47 Td (41.41) Tj ET Q
BT /F1 6.50 Tf ET
q 0 0 0 rg BT 415.70 589.63 Td (\(2) Tj ET Q
BT /F1 6.50 Tf ET
q 0 0 0 rg BT 421.15 589.63 Td (\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 491.15 584.47 Td (8,349,362) Tj ET Q
BT /F1 6.50 Tf ET
q 0 0 0 rg BT 537.50 589.63 Td (\(3\)\(4\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 570.37 Td (Equity compensation plans) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 70.50 560.37 Td (not approved by) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 70.50 550.37 Td (stockholders) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 269.15 550.47 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 396.15 550.47 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 521.15 550.47 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 535.47 Td (T) Tj ET Q
q 0 0 0 rg BT 57.91 535.47 Td (otal) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 239.15 535.47 Td (6,977,045) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 302.50 535.47 Td ($) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 383.65 535.47 Td (41.41) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 491.15 535.47 Td (8,349,362) Tj ET Q
BT /F1 6.50 Tf ET
q 0 0 0 rg BT 537.50 540.63 Td (\(3\)\(4\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 494.10 Td (\(1\) ) Tj ET Q
BT /F1 8.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 494.10 Td (Includes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.71 494.10 Td (427,094 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.75 494.10 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.40 494.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.90 494.10 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.78 494.10 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.33 494.10 Td (Common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.39 494.10 Td (Stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.16 494.10 Td (\(�Common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.82 494.10 Td (Stock�\) ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.20 494.10 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.36 494.10 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.15 494.10 Td (held ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.20 494.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.23 494.10 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.41 494.10 Td (trust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.94 494.10 Td (pending ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.74 494.10 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.35 494.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.84 494.10 Td (phantom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.00 494.10 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.36 494.10 Td (units. ) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 483.90 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.96 483.90 Td (phantom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.94 483.90 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.12 483.90 Td (units, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.02 483.90 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.03 483.90 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.65 483.90 Td (converted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.40 483.90 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.86 483.90 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.35 483.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.67 483.90 Td (Common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.55 483.90 Td (Stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.15 483.90 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.89 483.90 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.90 483.90 Td (one-for) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.75 483.90 Td (-one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.09 483.90 Td (basis ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.33 483.90 Td (upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.57 483.90 Td (distribution, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.14 483.90 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.89 483.90 Td (granted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.62 483.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.47 483.90 Td (plan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.34 483.90 Td (participants ) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 473.70 Td (upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.98 473.70 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.03 473.70 Td (deferral ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.93 473.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.49 473.70 Td (compensation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.18 473.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.74 473.70 Td (dividends ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.27 473.70 Td (paid ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.38 473.70 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.36 473.70 Td (phantom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.58 473.70 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.00 473.70 Td (units. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.03 473.70 Td (When ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.81 473.70 Td (amounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.09 473.70 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.94 473.70 Td (deferred, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.86 473.70 Td (participants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.99 473.70 Td (receive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.00 473.70 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.25 473.70 Td (number ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.69 473.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.25 473.70 Td (phantom ) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 463.50 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.97 463.50 Td (units ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.03 463.50 Td (equal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.97 463.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.11 463.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.02 463.50 Td (deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.86 463.50 Td (amount ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.88 463.50 Td (divided ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.91 463.50 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.94 463.50 Td (90% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.05 463.50 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.19 463.50 Td (95% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.30 463.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.90 463.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.82 463.50 Td (fair ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.14 463.50 Td (market ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.27 463.50 Td (value ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.21 463.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.81 463.50 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.12 463.50 Td (share ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.58 463.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.19 463.50 Td (Common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.36 463.50 Td (Stock. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.04 463.50 Td (Also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.63 463.50 Td (includes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.48 463.50 Td (34,240 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.38 463.50 Td (restricted ) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 453.30 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.28 453.30 Td (units ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.65 453.30 Td (granted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.98 453.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.43 453.30 Td (non-employee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.89 453.30 Td (directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.47 453.30 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.39 453.30 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.48 453.30 Td (compensation ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.53 453.30 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.11 453.30 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.33 453.30 Td (converted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.68 453.30 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.74 453.30 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.82 453.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.74 453.30 Td (Common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.22 453.30 Td (Stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.42 453.30 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.76 453.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.37 453.30 Td (one-for) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.22 453.30 Td (-one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.16 453.30 Td (basis ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.00 453.30 Td (upon ) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 443.10 Td (distribution.) Tj ET Q
BT /F1 8.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 432.90 Td (\(2\) ) Tj ET Q
BT /F1 8.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 432.90 Td (W) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.84 432.90 Td (eighted-average ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.94 432.90 Td (exercise ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.60 432.90 Td (price ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.41 432.90 Td (does ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.82 432.90 Td (not ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.50 432.90 Td (include ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.34 432.90 Td (phantom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.91 432.90 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.68 432.90 Td (units ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.03 432.90 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.93 432.90 Td (restricted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.38 432.90 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.14 432.90 Td (units ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.50 432.90 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.07 432.90 Td (will ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.11 432.90 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.96 432.90 Td (converted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.29 432.90 Td (into ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.34 432.90 Td (Common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.80 432.90 Td (Stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.99 432.90 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.31 432.90 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.90 432.90 Td (one-) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 422.70 Td (for) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.24 422.70 Td (-one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.47 422.70 Td (basis ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.60 422.70 Td (upon ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.72 422.70 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.04 422.70 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.30 422.70 Td (no ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.93 422.70 Td (additional ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.05 422.70 Td (cost, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.99 422.70 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.39 422.70 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.03 422.70 Td (granted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.64 422.70 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.85 422.70 Td (described ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.54 422.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.28 422.70 Td (footnote ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.73 422.70 Td (\(1\).) Tj ET Q
BT /F1 8.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 412.50 Td (\(3\) ) Tj ET Q
BT /F1 8.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 412.50 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.40 412.50 Td (addition, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.20 412.50 Td (201,125 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.64 412.50 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.70 412.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.60 412.50 Td (Common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.06 412.50 Td (Stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.24 412.50 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.69 412.50 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.53 412.50 Td (issued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.60 412.50 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.77 412.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.97 412.50 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.25 412.50 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.21 412.50 Td (& ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.63 412.50 Td (Co, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.50 412.50 Td (LLC ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.37 412.50 Td (Deferred ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.38 412.50 Td (Compensation/Phantom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.89 412.50 Td (Stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.07 412.50 Td (Plan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.00 412.50 Td (upon ) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 402.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.01 402.30 Td (distribution ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.33 402.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.54 402.30 Td (phantom ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.41 402.30 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.48 402.30 Td (units ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.13 402.30 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.01 402.30 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.77 402.30 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.91 402.30 Td (acquired ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.30 402.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.04 402.30 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.55 402.30 Td (future ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.97 402.30 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.17 402.30 Td (described ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.87 402.30 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.60 402.30 Td (footnote ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.06 402.30 Td (\(1\).) Tj ET Q
BT /F1 8.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 392.10 Td (\(4\) ) Tj ET Q
BT /F1 8.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 392.10 Td (6,331,155 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.76 392.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.09 392.10 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.82 392.10 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.32 392.10 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.21 392.10 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.49 392.10 Td (issued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.00 392.10 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.61 392.10 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.19 392.10 Td (omnibus ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.73 392.10 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.24 392.10 Td (plan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.13 392.10 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.46 392.10 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.66 392.10 Td (options, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.08 392.10 Td (restricted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.96 392.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.30 392.10 Td (unrestricted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.68 392.10 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.88 392.10 Td (grants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.91 392.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.24 392.10 Td (any ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.77 392.10 Td (other ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.50 392.10 Td (form ) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 381.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.76 381.90 Td (equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.18 381.90 Td (compensation. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.69 381.90 Td (102,014 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.50 381.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.75 381.90 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.40 381.90 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.82 381.90 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.63 381.90 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.83 381.90 Td (issued ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.25 381.90 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.79 381.90 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.35 381.90 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.99 381.90 Td (Mason, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.43 381.90 Td (Inc. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.58 381.90 Td (Equity ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.43 381.90 Td (Plan ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.72 381.90 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.80 381.90 Td (Non-Employee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.91 381.90 Td (Directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.72 381.90 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.97 381.90 Td (grants ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.92 381.90 Td (of ) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 371.70 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.36 371.70 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.36 371.70 Td (restricted ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.91 371.70 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.77 371.70 Td (units. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.35 371.70 Td (1,916,193 ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.27 371.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.27 371.70 Td (these ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.66 371.70 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.82 371.70 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.37 371.70 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.32 371.70 Td (purchased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.70 371.70 Td (under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.97 371.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.22 371.70 Td (employee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.18 371.70 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.05 371.70 Td (purchase ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.17 371.70 Td (plan, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.85 371.70 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.55 371.70 Td (acquires ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.79 371.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.09 371.70 Td (shares ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.26 371.70 Td (that ) Tj ET Q
BT /F1 8.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.50 361.50 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.00 361.50 Td (purchased ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.58 361.50 Td (thereunder ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.05 361.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.79 361.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.30 361.50 Td (open ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.95 361.50 Td (market.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 338.70 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 79.03 338.70 Td (13. ) Tj ET Q
q 0 0 0 rg BT 93.67 338.70 Td ( ) Tj ET Q
q 0 0 0 rg BT 95.19 338.70 Td (CER) Tj ET Q
q 0 0 0 rg BT 116.99 338.70 Td (T) Tj ET Q
q 0 0 0 rg BT 123.22 338.70 Td (AIN ) Tj ET Q
q 0 0 0 rg BT 143.99 338.70 Td (RELA) Tj ET Q
q 0 0 0 rg BT 172.39 338.70 Td (TIONSHIPS ) Tj ET Q
q 0 0 0 rg BT 230.76 338.70 Td (AND ) Tj ET Q
q 0 0 0 rg BT 255.03 338.70 Td (RELA) Tj ET Q
q 0 0 0 rg BT 283.42 338.70 Td (TED ) Tj ET Q
q 0 0 0 rg BT 306.42 338.70 Td (TRANSACTIONS, ) Tj ET Q
q 0 0 0 rg BT 393.67 338.70 Td (AND ) Tj ET Q
q 0 0 0 rg BT 417.94 338.70 Td (DIRECT) Tj ET Q
q 0 0 0 rg BT 458.60 338.70 Td (OR ) Tj ET Q
q 0 0 0 rg BT 475.87 338.70 Td (INDEPENDENCE.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 313.50 Td (Under ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.73 313.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.71 313.50 Td (written ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.44 313.50 Td (policies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.09 313.50 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.24 313.50 Td (procedures ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.29 313.50 Td (regarding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.51 313.50 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.06 313.50 Td (party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.63 313.50 Td (transactions, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.39 313.50 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.21 313.50 Td (Nominating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.36 313.50 Td (& ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.52 313.50 Td (Corporate ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 300.90 Td (Governance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.07 300.90 Td (Committee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.59 300.90 Td (must ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.86 300.90 Td (approve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.53 300.90 Td (all ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.88 300.90 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.29 300.90 Td (party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.72 300.90 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.73 300.90 Td (between ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.56 300.90 Td (Legg ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.99 300.90 Td (Mason ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.42 300.90 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.02 300.90 Td (one ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.04 300.90 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.63 300.90 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.41 300.90 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.84 300.90 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.85 300.90 Td (a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 288.30 Td (director) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.73 288.30 Td (, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.83 288.30 Td (executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.52 288.30 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.08 288.30 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.78 288.30 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.00 288.30 Td (immediate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.79 288.30 Td (family ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.67 288.30 Td (member ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.55 288.30 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.77 288.30 Td (a ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.90 288.30 Td (director ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.02 288.30 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.24 288.30 Td (executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.93 288.30 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.49 288.30 Td (ficer ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.19 288.30 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.41 288.30 Td (would ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.13 288.30 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.51 288.30 Td (required ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.97 288.30 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.61 288.30 Td (be ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 275.70 Td (disclosed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.46 275.70 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.50 275.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.38 275.70 Td (proxy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.75 275.70 Td (statements. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.37 275.70 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.57 275.70 Td (policy ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.69 275.70 Td (also ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.49 275.70 Td (authorizes ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.51 275.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.22 275.70 Td (Chairman ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.50 275.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.13 275.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.83 275.70 Td (Nominating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.87 275.70 Td (& ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.92 275.70 Td (Corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.78 275.70 Td (Governance ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 263.10 Td (Committee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.47 263.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.94 263.10 Td (approve, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.69 263.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.74 263.10 Td (reject, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.98 263.10 Td (proposed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.78 263.10 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.65 263.10 Td (party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.53 263.10 Td (transactions ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.99 263.10 Td (subject ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.03 263.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.50 263.10 Td (ratification ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.87 263.10 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.68 263.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.81 263.10 Td (full ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.70 263.10 Td (committee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.32 263.10 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.20 263.10 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.43 263.10 Td (next ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 250.50 Td (regularly ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.56 250.50 Td (scheduled ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.70 250.50 Td (meeting. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.15 250.50 Td (The ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.64 250.50 Td (Nominating ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.96 250.50 Td (& ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.29 250.50 Td (Corporate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.43 250.50 Td (Governance ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.31 250.50 Td (Committee ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.13 250.50 Td (uses ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.37 250.50 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.45 250.50 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.20 250.50 Td (judgment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.02 250.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.35 250.50 Td (deciding ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 237.90 Td (whether ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.94 237.90 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.74 237.90 Td (approve ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.18 237.90 Td (related ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.37 237.90 Td (party ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.57 237.90 Td (transactions.) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 212.70 Td (In ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.40 212.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.38 212.70 Td (ordinary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.10 212.70 Td (course ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.66 212.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.56 212.70 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.95 212.70 Td (asset ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.51 212.70 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.31 212.70 Td (businesses, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.42 212.70 Td (certain ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.14 212.70 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.04 212.70 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.18 212.70 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.92 212.70 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.15 212.70 Td (from ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.71 212.70 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.52 212.70 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.84 212.70 Td (time ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 200.10 Td (invest ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.08 200.10 Td (client ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.90 200.10 Td (assets ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.90 200.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.57 200.10 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.97 200.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.64 200.10 Td (which ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.69 200.10 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.74 200.10 Td (rian ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.56 200.10 Td (Fund ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.65 200.10 Td (Management, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.59 200.10 Td (L.P) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.30 200.10 Td (. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.43 200.10 Td (\(�T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.63 200.10 Td (rian�\), ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.24 200.10 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.66 200.10 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.63 200.10 Td (filiates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.70 200.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.95 200.10 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.37 200.10 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.20 200.10 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.78 200.10 Td (be ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.19 200.10 Td (significant ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 187.50 Td (stockholders. ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.64 187.50 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.68 187.50 Td (rian ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.63 187.50 Td (beneficially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.81 187.50 Td (held ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.52 187.50 Td (4.5% ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.01 187.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.39 187.50 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.01 187.50 Td (outstanding ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.63 187.50 Td (common ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.00 187.50 Td (stock ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.79 187.50 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.16 187.50 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.54 187.50 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.57 187.50 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.32 187.50 Td (2020.) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 85.50 162.30 Td (Certain ) Tj ET Q
q 0 0 0 rg BT 120.70 162.30 Td (funds ) Tj ET Q
q 0 0 0 rg BT 148.32 162.30 Td (managed ) Tj ET Q
q 0 0 0 rg BT 190.51 162.30 Td (by ) Tj ET Q
q 0 0 0 rg BT 205.30 162.30 Td (EnT) Tj ET Q
q 0 0 0 rg BT 223.01 162.30 Td (rust ) Tj ET Q
q 0 0 0 rg BT 243.05 162.30 Td (Global ) Tj ET Q
q 0 0 0 rg BT 275.91 162.30 Td (\(�EnT) Tj ET Q
q 0 0 0 rg BT 301.78 162.30 Td (rust ) Tj ET Q
q 0 0 0 rg BT 321.82 162.30 Td (Global ) Tj ET Q
q 0 0 0 rg BT 354.69 162.30 Td (Funds�\) ) Tj ET Q
q 0 0 0 rg BT 392.81 162.30 Td (have ) Tj ET Q
q 0 0 0 rg BT 416.92 162.30 Td (made ) Tj ET Q
q 0 0 0 rg BT 443.95 162.30 Td (investments ) Tj ET Q
q 0 0 0 rg BT 498.40 162.30 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 529.52 162.30 Td (capital ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 149.70 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 107.20 149.70 Td (in ) Tj ET Q
q 0 0 0 rg BT 117.65 149.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 148.50 149.70 Td (funds ) Tj ET Q
q 0 0 0 rg BT 174.12 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 191.56 149.70 Td (investment ) Tj ET Q
q 0 0 0 rg BT 239.93 149.70 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 276.62 149.70 Td (\(the ) Tj ET Q
q 0 0 0 rg BT 295.23 149.70 Td (�T) Tj ET Q
q 0 0 0 rg BT 305.93 149.70 Td (rian ) Tj ET Q
q 0 0 0 rg BT 324.54 149.70 Td (Funds�\) ) Tj ET Q
q 0 0 0 rg BT 360.66 149.70 Td (managed ) Tj ET Q
q 0 0 0 rg BT 400.84 149.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 413.46 149.70 Td (T) Tj ET Q
q 0 0 0 rg BT 419.51 149.70 Td (rian ) Tj ET Q
q 0 0 0 rg BT 438.12 149.70 Td (and ) Tj ET Q
q 0 0 0 rg BT 455.56 149.70 Td (certain ) Tj ET Q
q 0 0 0 rg BT 486.41 149.70 Td (management ) Tj ET Q
q 0 0 0 rg BT 542.34 149.70 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 137.10 Td (incentive ) Tj ET Q
q 0 0 0 rg BT 89.97 137.10 Td (fees ) Tj ET Q
q 0 0 0 rg BT 108.87 137.10 Td (have ) Tj ET Q
q 0 0 0 rg BT 130.68 137.10 Td (been ) Tj ET Q
q 0 0 0 rg BT 152.49 137.10 Td (paid ) Tj ET Q
q 0 0 0 rg BT 172.56 137.10 Td (or ) Tj ET Q
q 0 0 0 rg BT 183.29 137.10 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 223.18 137.10 Td (by ) Tj ET Q
q 0 0 0 rg BT 235.67 137.10 Td (the ) Tj ET Q
q 0 0 0 rg BT 250.34 137.10 Td (T) Tj ET Q
q 0 0 0 rg BT 256.38 137.10 Td (rian ) Tj ET Q
q 0 0 0 rg BT 274.70 137.10 Td (Funds ) Tj ET Q
q 0 0 0 rg BT 302.36 137.10 Td (to ) Tj ET Q
q 0 0 0 rg BT 312.38 137.10 Td (T) Tj ET Q
q 0 0 0 rg BT 318.42 137.10 Td (rian ) Tj ET Q
q 0 0 0 rg BT 336.74 137.10 Td (and ) Tj ET Q
q 0 0 0 rg BT 353.89 137.10 Td (its ) Tj ET Q
q 0 0 0 rg BT 365.80 137.10 Td (af) Tj ET Q
q 0 0 0 rg BT 373.76 137.10 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 404.33 137.10 Td (in ) Tj ET Q
q 0 0 0 rg BT 414.48 137.10 Td (connection ) Tj ET Q
q 0 0 0 rg BT 462.54 137.10 Td (with ) Tj ET Q
q 0 0 0 rg BT 483.20 137.10 Td (those ) Tj ET Q
q 0 0 0 rg BT 507.35 137.10 Td (investments ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 124.50 Td (and/or ) Tj ET Q
q 0 0 0 rg BT 79.70 124.50 Td (capital ) Tj ET Q
q 0 0 0 rg BT 111.06 124.50 Td (contributions. ) Tj ET Q
q 0 0 0 rg BT 172.47 124.50 Td (Mr) Tj ET Q
q 0 0 0 rg BT 184.72 124.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 190.72 124.50 Td (Peltz, ) Tj ET Q
q 0 0 0 rg BT 217.72 124.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 229.84 124.50 Td (CEO ) Tj ET Q
q 0 0 0 rg BT 254.21 124.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 272.74 124.50 Td (a ) Tj ET Q
q 0 0 0 rg BT 280.78 124.50 Td (Founding ) Tj ET Q
q 0 0 0 rg BT 324.41 124.50 Td (Partner ) Tj ET Q
q 0 0 0 rg BT 358.10 124.50 Td (of ) Tj ET Q
q 0 0 0 rg BT 369.98 124.50 Td (T) Tj ET Q
q 0 0 0 rg BT 376.03 124.50 Td (rian, ) Tj ET Q
q 0 0 0 rg BT 398.35 124.50 Td (and ) Tj ET Q
q 0 0 0 rg BT 416.88 124.50 Td (Mr) Tj ET Q
q 0 0 0 rg BT 429.14 124.50 Td (. ) Tj ET Q
q 0 0 0 rg BT 435.14 124.50 Td (Garden, ) Tj ET Q
q 0 0 0 rg BT 472.04 124.50 Td (as ) Tj ET Q
q 0 0 0 rg BT 484.16 124.50 Td (Chief ) Tj ET Q
q 0 0 0 rg BT 510.86 124.50 Td (Investment ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 111.90 Td (Of) Tj ET Q
q 0 0 0 rg BT 60.39 111.90 Td (ficer ) Tj ET Q
q 0 0 0 rg BT 81.31 111.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 98.15 111.90 Td (a ) Tj ET Q
q 0 0 0 rg BT 104.50 111.90 Td (Founding ) Tj ET Q
q 0 0 0 rg BT 146.44 111.90 Td (Partner ) Tj ET Q
q 0 0 0 rg BT 178.44 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 188.75 111.90 Td (T) Tj ET Q
q 0 0 0 rg BT 194.80 111.90 Td (rian, ) Tj ET Q
q 0 0 0 rg BT 215.43 111.90 Td (and ) Tj ET Q
q 0 0 0 rg BT 232.28 111.90 Td (certain ) Tj ET Q
q 0 0 0 rg BT 262.52 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 272.95 111.90 Td (each ) Tj ET Q
q 0 0 0 rg BT 293.87 111.90 Td (of ) Tj ET Q
q 0 0 0 rg BT 304.30 111.90 Td (their ) Tj ET Q
q 0 0 0 rg BT 325.23 111.90 Td (respective ) Tj ET Q
q 0 0 0 rg BT 369.47 111.90 Td (immediate ) Tj ET Q
q 0 0 0 rg BT 415.47 111.90 Td (family ) Tj ET Q
q 0 0 0 rg BT 444.57 111.90 Td (members ) Tj ET Q
q 0 0 0 rg BT 484.74 111.90 Td (hold ) Tj ET Q
q 0 0 0 rg BT 505.09 111.90 Td (an ) Tj ET Q
q 0 0 0 rg BT 516.69 111.90 Td (economic ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 99.30 Td (interest ) Tj ET Q
q 0 0 0 rg BT 82.72 99.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 93.04 99.30 Td (T) Tj ET Q
q 0 0 0 rg BT 99.08 99.30 Td (rian ) Tj ET Q
q 0 0 0 rg BT 117.72 99.30 Td (and ) Tj ET Q
q 0 0 0 rg BT 135.20 99.30 Td (certain ) Tj ET Q
q 0 0 0 rg BT 166.08 99.30 Td (other ) Tj ET Q
q 0 0 0 rg BT 189.97 99.30 Td (af) Tj ET Q
q 0 0 0 rg BT 197.93 99.30 Td (filiates ) Tj ET Q
q 0 0 0 rg BT 228.82 99.30 Td (which ) Tj ET Q
q 0 0 0 rg BT 256.80 99.30 Td (are ) Tj ET Q
q 0 0 0 rg BT 271.93 99.30 Td (entitled ) Tj ET Q
q 0 0 0 rg BT 305.74 99.30 Td (to ) Tj ET Q
q 0 0 0 rg BT 316.22 99.30 Td (fees ) Tj ET Q
q 0 0 0 rg BT 335.44 99.30 Td (paid ) Tj ET Q
q 0 0 0 rg BT 355.83 99.30 Td (or ) Tj ET Q
q 0 0 0 rg BT 366.89 99.30 Td (allocated ) Tj ET Q
q 0 0 0 rg BT 407.10 99.30 Td (in ) Tj ET Q
q 0 0 0 rg BT 417.59 99.30 Td (connection ) Tj ET Q
q 0 0 0 rg BT 465.97 99.30 Td (with ) Tj ET Q
q 0 0 0 rg BT 486.95 99.30 Td (investments ) Tj ET Q
q 0 0 0 rg BT 539.43 99.30 Td (and/) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 86.70 Td (or ) Tj ET Q
q 0 0 0 rg BT 61.85 86.70 Td (capital ) Tj ET Q
q 0 0 0 rg BT 93.43 86.70 Td (contributions ) Tj ET Q
q 0 0 0 rg BT 152.44 86.70 Td (made ) Tj ET Q
q 0 0 0 rg BT 178.78 86.70 Td (by ) Tj ET Q
q 0 0 0 rg BT 192.88 86.70 Td (EnT) Tj ET Q
q 0 0 0 rg BT 210.59 86.70 Td (rust ) Tj ET Q
q 0 0 0 rg BT 229.94 86.70 Td (Global ) Tj ET Q
q 0 0 0 rg BT 262.12 86.70 Td (Funds. ) Tj ET Q
q 0 0 0 rg BT 294.02 86.70 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.61 86.70 Td (During ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.96 86.70 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.39 86.70 Td (fiscal ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.73 86.70 Td (year ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.39 86.70 Td (ended ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.06 86.70 Td (March ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.07 86.70 Td (31, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.79 86.70 Td (2020, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.02 86.70 Td (there ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.60 86.70 Td (were ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.60 86.70 Td (an ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 74.10 Td (aggregate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.11 74.10 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.67 74.10 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 109.92 74.10 Td (5,006,150) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.92 74.10 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.72 74.10 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.70 74.10 Td (management ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.15 74.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.12 74.10 Td (incentive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.41 74.10 Td (fees ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.12 74.10 Td (paid ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.01 74.10 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.56 74.10 Td (allocated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.26 74.10 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.57 74.10 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.00 74.10 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.05 74.10 Td (rian ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.18 74.10 Td (funds ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.32 74.10 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.09 74.10 Td (T) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.14 74.10 Td (rian ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.27 74.10 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.24 74.10 Td (its ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.96 74.10 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.93 74.10 Td (filiates ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 61.50 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.29 61.50 Td (connection ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.98 61.50 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.28 61.50 Td (EnT) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.99 61.50 Td (rust ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.36 61.50 Td (Global ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.57 61.50 Td (clients�) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.69 61.50 Td ( ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.32 61.50 Td (investments.) Tj ET Q
endstream
endobj
379 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 380 0 R>>
endobj
380 0 obj
<</Length 21831>>
stream
BT /F1 10.00 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (187) Tj ET Q
BT /F1 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.50 741.75 Td (From ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.13 741.75 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.68 741.75 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.72 741.75 Td (time, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.89 741.75 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.77 741.75 Td (directors, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.01 741.75 Td (executive ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.12 741.75 Td (of) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.67 741.75 Td (ficers ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.87 741.75 Td (and ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.91 741.75 Td (employees, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.32 741.75 Td (members ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.69 741.75 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.32 741.75 Td (their ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.44 741.75 Td (immediate ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.64 741.75 Td (families ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.34 741.75 Td (and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 729.15 Td (companies, ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.04 729.15 Td (af) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.00 729.15 Td (filiates ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.59 729.15 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.34 729.15 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.25 729.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.01 729.15 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.09 729.15 Td (vehicles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.51 729.15 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.41 729.15 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.92 729.15 Td (companies ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.83 729.15 Td (that ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.59 729.15 Td (employ ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.09 729.15 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.85 729.15 Td (are ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.67 729.15 Td (associated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.83 729.15 Td (with ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.51 729.15 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 716.55 Td (directors ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.43 716.55 Td (may ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.70 716.55 Td (have ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.72 716.55 Td (investments ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.08 716.55 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.44 716.55 Td (various ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.54 716.55 Td (investment ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.82 716.55 Td (vehicles ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.41 716.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.35 716.55 Td (accounts ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.28 716.55 Td (sponsored ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.06 716.55 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.00 716.55 Td (managed ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.09 716.55 Td (by ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.79 716.55 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.98 716.55 Td (subsidiaries ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.75 716.55 Td (or ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 703.95 Td (utilize ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.27 703.95 Td (our ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.79 703.95 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.48 703.95 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.75 703.95 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.10 703.95 Td (in ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.79 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.14 703.95 Td (ordinary ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.24 703.95 Td (course ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.17 703.95 Td (of ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.45 703.95 Td (business ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.56 703.95 Td (on ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.59 703.95 Td (substantially ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.19 703.95 Td (the ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.55 703.95 Td (same ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.65 703.95 Td (terms ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.50 703.95 Td (as ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.78 703.95 Td (those ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.47 703.95 Td (prevailing ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.57 703.95 Td (at ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.67 703.95 Td (the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 691.35 Td (time ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.79 691.35 Td (for ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.66 691.35 Td (comparable ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.26 691.35 Td (products ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.04 691.35 Td (or ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.41 691.35 Td (services ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.86 691.35 Td (provided ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.81 691.35 Td (to ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.60 691.35 Td (unaf) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.07 691.35 Td (filiated ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.43 691.35 Td (third ) Tj ET Q
q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.89 691.35 Td (parties.) Tj ET Q
BT /F2 10.50 Tf ET
0 Tr
/GS0 gs
0 Tw 0 Tc 100 Tz 0 TL 
q 0 0 0 rg BT 49.50 666.15 Td (ITEM ) Tj ET Q
q 0 0 0 rg BT 80.13 666.15 Td (14. ) Tj ET Q
q 0 0 0 rg BT 95.88 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 98.50 666.15 Td (PRINCIP) Tj ET Q
q 0 0 0 rg BT 141.47 666.15 Td (AL) Tj ET Q
q 0 0 0 rg BT 155.48 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.53 666.15 Td (ACCOUNT) Tj ET Q
q 0 0 0 rg BT 209.83 666.15 Td (ANT) Tj ET Q
q 0 0 0 rg BT 231.81 666.15 Td ( ) Tj ET Q
q 0 0 0 rg BT 234.44 666.15 Td (FEES ) Tj ET Q
q 0 0 0 rg BT 262.75 666.15 Td (AND ) Tj ET Q
q 0 0 0 rg BT 288.12 666.15 Td (SER) Tj ET Q
q 0 0 0 rg BT 308.18 666.15 Td (VICES.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 640.95 Td (The ) Tj ET Q
q 0 0 0 rg BT 68.83 640.95 Td (following ) Tj ET Q
q 0 0 0 rg BT 112.66 640.95 Td (table ) Tj ET Q
q 0 0 0 rg BT 136.07 640.95 Td (presents ) Tj ET Q
q 0 0 0 rg BT 173.48 640.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 193.39 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 208.64 640.95 Td (professional ) Tj ET Q
q 0 0 0 rg BT 262.96 640.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 299.78 640.95 Td (rendered ) Tj ET Q
q 0 0 0 rg BT 339.51 640.95 Td (by ) Tj ET Q
q 0 0 0 rg BT 353.01 640.95 Td (PricewaterhouseCoopers ) Tj ET Q
q 0 0 0 rg BT 460.40 640.95 Td (LLP) Tj ET Q
q 0 0 0 rg BT 478.68 640.95 Td ( ) Tj ET Q
q 0 0 0 rg BT 481.69 640.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 496.93 640.95 Td (the ) Tj ET Q
q 0 0 0 rg BT 512.76 640.95 Td (audit ) Tj ET Q
q 0 0 0 rg BT 536.76 640.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 548.51 640.95 Td (our ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 628.35 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 105.51 628.35 Td (financial ) Tj ET Q
q 0 0 0 rg BT 145.18 628.35 Td (statements ) Tj ET Q
q 0 0 0 rg BT 192.44 628.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 207.62 628.35 Td (the ) Tj ET Q
q 0 0 0 rg BT 223.39 628.35 Td (fiscal ) Tj ET Q
q 0 0 0 rg BT 249.06 628.35 Td (years ) Tj ET Q
q 0 0 0 rg BT 274.16 628.35 Td (ended ) Tj ET Q
q 0 0 0 rg BT 302.17 628.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 332.51 628.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 348.57 628.35 Td (2020 ) Tj ET Q
q 0 0 0 rg BT 372.51 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 390.61 628.35 Td (March ) Tj ET Q
q 0 0 0 rg BT 420.95 628.35 Td (31, ) Tj ET Q
q 0 0 0 rg BT 437.01 628.35 Td (2019 ) Tj ET Q
q 0 0 0 rg BT 460.95 628.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 479.05 628.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 498.89 628.35 Td (billed ) Tj ET Q
q 0 0 0 rg BT 525.74 628.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 540.92 628.35 Td (other ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 615.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 85.94 615.75 Td (rendered ) Tj ET Q
q 0 0 0 rg BT 125.29 615.75 Td (by ) Tj ET Q
q 0 0 0 rg BT 138.42 615.75 Td (PricewaterhouseCoopers ) Tj ET Q
q 0 0 0 rg BT 245.43 615.75 Td (LLP) Tj ET Q
q 0 0 0 rg BT 263.71 615.75 Td ( ) Tj ET Q
q 0 0 0 rg BT 266.33 615.75 Td (during ) Tj ET Q
q 0 0 0 rg BT 296.37 615.75 Td (those ) Tj ET Q
q 0 0 0 rg BT 321.16 615.75 Td (periods.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
109 590.25 m
360 590.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364 590.25 m
428 590.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
432 590.25 m
497 590.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
432 590.25 m
497 590.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
109 530.25 m
360 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
109 515.25 m
360 515.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364 530.25 m
428 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
364 515.25 m
428 515.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
432 530.25 m
497 530.25 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
432 515.25 m
497 515.25 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 385.00 595.04 Td (2020) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 453.50 595.04 Td (2019) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 111.50 580.02 Td (Audit Fees) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 157.29 584.78 Td (\(1\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.50 580.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.00 580.02 Td (7,494,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.50 580.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.00 580.02 Td (7,096,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 111.50 565.02 Td (Audit-Related Fees) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 192.86 569.78 Td (\(2\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.00 565.02 Td (1,060,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.00 565.02 Td (1,257,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 111.50 550.02 Td (T) Tj ET Q
q 0 0 0 rg BT 117.18 550.02 Td (ax Fees) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 148.96 554.78 Td (\(3\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 382.00 550.02 Td (1,120,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 451.00 550.02 Td (1,330,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 111.50 535.02 Td (All Other Fees) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 6.82 Tf ET
q 0 0 0 rg BT 173.32 539.78 Td (\(4\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 389.85 535.02 Td (813,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 458.85 535.02 Td (877,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 111.50 520.02 Td (T) Tj ET Q
q 0 0 0 rg BT 117.18 520.02 Td (otal Fees) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 366.50 520.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 376.75 520.02 Td (10,487,000) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 434.50 520.02 Td ($) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 445.75 520.02 Td (10,560,000) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 48.50 493.55 Td (\(1\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.50 493.55 Td (Audit ) Tj ET Q
q 0 0 0 rg BT 84.62 493.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 100.06 493.55 Td (consisted ) Tj ET Q
q 0 0 0 rg BT 133.45 493.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 142.29 493.55 Td (fees ) Tj ET Q
q 0 0 0 rg BT 157.73 493.55 Td (for ) Tj ET Q
q 0 0 0 rg BT 169.40 493.55 Td (the ) Tj ET Q
q 0 0 0 rg BT 181.54 493.55 Td (annual ) Tj ET Q
q 0 0 0 rg BT 205.96 493.55 Td (audit, ) Tj ET Q
q 0 0 0 rg BT 226.83 493.55 Td (including ) Tj ET Q
q 0 0 0 rg BT 260.70 493.55 Td (an ) Tj ET Q
q 0 0 0 rg BT 270.48 493.55 Td (audit ) Tj ET Q
q 0 0 0 rg BT 289.23 493.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 298.07 493.55 Td (internal ) Tj ET Q
q 0 0 0 rg BT 325.79 493.55 Td (controls ) Tj ET Q
q 0 0 0 rg BT 354.93 493.55 Td (over ) Tj ET Q
q 0 0 0 rg BT 371.79 493.55 Td (financial ) Tj ET Q
q 0 0 0 rg BT 403.28 493.55 Td (reporting ) Tj ET Q
q 0 0 0 rg BT 436.20 493.55 Td (and ) Tj ET Q
q 0 0 0 rg BT 450.23 493.55 Td (quarterly ) Tj ET Q
q 0 0 0 rg BT 482.66 493.55 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 510.86 493.55 Td (of ) Tj ET Q
q 0 0 0 rg BT 519.69 493.55 Td (our ) Tj ET Q
q 0 0 0 rg BT 532.78 493.55 Td (financial ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.50 483.35 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 103.63 483.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 118.03 483.35 Td (services ) Tj ET Q
q 0 0 0 rg BT 147.53 483.35 Td (provided ) Tj ET Q
q 0 0 0 rg BT 179.87 483.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 191.91 483.35 Td (statutory ) Tj ET Q
q 0 0 0 rg BT 223.78 483.35 Td (audits ) Tj ET Q
q 0 0 0 rg BT 246.21 483.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 255.42 483.35 Td (certain ) Tj ET Q
q 0 0 0 rg BT 280.66 483.35 Td (subsidiaries.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 48.50 473.15 Td (\(2\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.50 473.15 Td (Audit-related ) Tj ET Q
q 0 0 0 rg BT 111.24 473.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 127.35 473.15 Td (consisted ) Tj ET Q
q 0 0 0 rg BT 161.41 473.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 170.92 473.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 187.03 473.15 Td (for ) Tj ET Q
q 0 0 0 rg BT 199.37 473.15 Td (assurance ) Tj ET Q
q 0 0 0 rg BT 234.83 473.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 249.53 473.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 275.08 473.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 304.88 473.15 Td (that ) Tj ET Q
q 0 0 0 rg BT 320.05 473.15 Td (are ) Tj ET Q
q 0 0 0 rg BT 332.86 473.15 Td (reasonably ) Tj ET Q
q 0 0 0 rg BT 372.10 473.15 Td (related ) Tj ET Q
q 0 0 0 rg BT 397.65 473.15 Td (to ) Tj ET Q
q 0 0 0 rg BT 406.69 473.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 419.50 473.15 Td (performance ) Tj ET Q
q 0 0 0 rg BT 464.87 473.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 474.38 473.15 Td (the ) Tj ET Q
q 0 0 0 rg BT 487.19 473.15 Td (audit ) Tj ET Q
q 0 0 0 rg BT 506.61 473.15 Td (or ) Tj ET Q
q 0 0 0 rg BT 516.12 473.15 Td (review ) Tj ET Q
q 0 0 0 rg BT 541.67 473.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 551.17 473.15 Td (our ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.50 462.95 Td (financial ) Tj ET Q
q 0 0 0 rg BT 96.02 462.95 Td (statements, ) Tj ET Q
q 0 0 0 rg BT 136.81 462.95 Td (attest ) Tj ET Q
q 0 0 0 rg BT 157.53 462.95 Td (services ) Tj ET Q
q 0 0 0 rg BT 187.69 462.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 213.60 462.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 222.99 462.95 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 264.95 462.95 Td (with ) Tj ET Q
q 0 0 0 rg BT 282.85 462.95 Td (investment ) Tj ET Q
q 0 0 0 rg BT 322.93 462.95 Td (performance ) Tj ET Q
q 0 0 0 rg BT 368.66 462.95 Td (standards, ) Tj ET Q
q 0 0 0 rg BT 405.67 462.95 Td (fees ) Tj ET Q
q 0 0 0 rg BT 422.14 462.95 Td (for ) Tj ET Q
q 0 0 0 rg BT 434.83 462.95 Td (reviews ) Tj ET Q
q 0 0 0 rg BT 464.05 462.95 Td (of ) Tj ET Q
q 0 0 0 rg BT 473.91 462.95 Td (controls ) Tj ET Q
q 0 0 0 rg BT 504.08 462.95 Td (related ) Tj ET Q
q 0 0 0 rg BT 529.99 462.95 Td (to ) Tj ET Q
q 0 0 0 rg BT 539.38 462.95 Td (certain ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.50 452.75 Td (processes ) Tj ET Q
q 0 0 0 rg BT 98.12 452.75 Td (at ) Tj ET Q
q 0 0 0 rg BT 106.30 452.75 Td (asset ) Tj ET Q
q 0 0 0 rg BT 124.87 452.75 Td (management ) Tj ET Q
q 0 0 0 rg BT 170.34 452.75 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 212.52 452.75 Td (and ) Tj ET Q
q 0 0 0 rg BT 226.84 452.75 Td (services ) Tj ET Q
q 0 0 0 rg BT 256.26 452.75 Td (provided ) Tj ET Q
q 0 0 0 rg BT 288.52 452.75 Td (in ) Tj ET Q
q 0 0 0 rg BT 297.18 452.75 Td (connection ) Tj ET Q
q 0 0 0 rg BT 336.52 452.75 Td (with ) Tj ET Q
q 0 0 0 rg BT 353.67 452.75 Td (other ) Tj ET Q
q 0 0 0 rg BT 373.18 452.75 Td (statutory ) Tj ET Q
q 0 0 0 rg BT 404.97 452.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 414.10 452.75 Td (regulatory ) Tj ET Q
q 0 0 0 rg BT 451.08 452.75 Td (filings ) Tj ET Q
q 0 0 0 rg BT 474.84 452.75 Td (or ) Tj ET Q
q 0 0 0 rg BT 483.97 452.75 Td (engagements ) Tj ET Q
q 0 0 0 rg BT 530.39 452.75 Td (including ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.50 442.55 Td (consents ) Tj ET Q
q 0 0 0 rg BT 94.90 442.55 Td (related ) Tj ET Q
q 0 0 0 rg BT 120.15 442.55 Td (to ) Tj ET Q
q 0 0 0 rg BT 128.88 442.55 Td (SEC ) Tj ET Q
q 0 0 0 rg BT 146.60 442.55 Td (filings.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 48.50 432.35 Td (\(3\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.50 432.35 Td (T) Tj ET Q
q 0 0 0 rg BT 68.10 432.35 Td (ax ) Tj ET Q
q 0 0 0 rg BT 78.25 432.35 Td (fees ) Tj ET Q
q 0 0 0 rg BT 94.06 432.35 Td (consisted ) Tj ET Q
q 0 0 0 rg BT 127.82 432.35 Td (primarily ) Tj ET Q
q 0 0 0 rg BT 161.57 432.35 Td (of ) Tj ET Q
q 0 0 0 rg BT 170.78 432.35 Td (tax ) Tj ET Q
q 0 0 0 rg BT 183.29 432.35 Td (advice ) Tj ET Q
q 0 0 0 rg BT 207.59 432.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 221.99 432.35 Td (compliance ) Tj ET Q
q 0 0 0 rg BT 263.29 432.35 Td (for ) Tj ET Q
q 0 0 0 rg BT 275.33 432.35 Td (domestic ) Tj ET Q
q 0 0 0 rg BT 308.14 432.35 Td (and ) Tj ET Q
q 0 0 0 rg BT 322.54 432.35 Td (international ) Tj ET Q
q 0 0 0 rg BT 367.63 432.35 Td (matters.) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 48.50 422.15 Td (\(4\) ) Tj ET Q
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 63.50 422.15 Td (All ) Tj ET Q
q 0 0 0 rg BT 75.92 422.15 Td (other ) Tj ET Q
q 0 0 0 rg BT 94.95 422.15 Td (fees ) Tj ET Q
q 0 0 0 rg BT 110.20 422.15 Td (included ) Tj ET Q
q 0 0 0 rg BT 141.03 422.15 Td (custody ) Tj ET Q
q 0 0 0 rg BT 169.04 422.15 Td (audits ) Tj ET Q
q 0 0 0 rg BT 190.90 422.15 Td (at ) Tj ET Q
q 0 0 0 rg BT 198.60 422.15 Td (certain ) Tj ET Q
q 0 0 0 rg BT 223.29 422.15 Td (subsidiaries ) Tj ET Q
q 0 0 0 rg BT 264.99 422.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 278.82 422.15 Td (audit ) Tj ET Q
q 0 0 0 rg BT 297.38 422.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 311.22 422.15 Td (tax ) Tj ET Q
q 0 0 0 rg BT 323.16 422.15 Td (services ) Tj ET Q
q 0 0 0 rg BT 352.10 422.15 Td (of ) Tj ET Q
q 0 0 0 rg BT 360.75 422.15 Td (consolidated ) Tj ET Q
q 0 0 0 rg BT 405.27 422.15 Td (investment ) Tj ET Q
q 0 0 0 rg BT 444.13 422.15 Td (vehicles ) Tj ET Q
q 0 0 0 rg BT 473.55 422.15 Td (and ) Tj ET Q
q 0 0 0 rg BT 487.38 422.15 Td (due ) Tj ET Q
q 0 0 0 rg BT 501.22 422.15 Td (diligence ) Tj ET Q
q 0 0 0 rg BT 533.94 422.15 Td (reviews.) Tj ET Q
endstream
endobj
381 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 382 0 R>>
endobj
382 0 obj
<</Length 9543>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (188) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 285.30 741.90 Td (P) Tj ET Q
q 0 0 0 rg BT 290.93 741.90 Td (AR) Tj ET Q
q 0 0 0 rg BT 305.73 741.90 Td (T) Tj ET Q
q 0 0 0 rg BT 312.55 741.90 Td ( IV) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 716.70 Td (ITEM 15. EXHIBITS ) Tj ET Q
q 0 0 0 rg BT 148.70 716.70 Td (AND FINANCIAL) Tj ET Q
q 0 0 0 rg BT 233.00 716.70 Td ( ST) Tj ET Q
q 0 0 0 rg BT 247.69 716.70 Td (A) Tj ET Q
q 0 0 0 rg BT 254.49 716.70 Td (TEMENT) Tj ET Q
q 0 0 0 rg BT 299.81 716.70 Td ( SCHEDULES.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 691.50 Td (\(a\) Documents filed as a part of the report:) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.00 666.30 Td (1. ) Tj ET Q
q 0 0 0 rg BT 121.50 666.30 Td (The following consolidated financial statements are included in Item�8 of this Report:) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
468 617.8 m
562 617.8 l
s
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 483.80 634.09 Td (Page Number) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 483.55 622.59 Td (in this Report) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 608.02 Td (Report of Independent Registered Public ) Tj ET Q
q 0 0 0 rg BT 226.29 608.02 Td (Accounting Firm) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.25 608.02 Td (84) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 594.02 Td (Consolidated Balance Sheets) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.25 594.02 Td (87) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 580.02 Td (Consolidated Statements of Income \(Loss\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.25 580.02 Td (88) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 566.02 Td (Consolidated Statements of Comprehensive Income \(Loss\)) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.25 566.02 Td (89) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 552.02 Td (Consolidated Statements of Changes in Stockholders' Equity) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.25 552.02 Td (90) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 538.02 Td (Consolidated Statements of Cash Flows) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.25 538.02 Td (91) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 52.50 524.02 Td (Notes to Consolidated Financial Statements) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 509.25 524.02 Td (93) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 495.70 Td (All schedules to the consolidated financial statements for which provision is made in the accounting regulations ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 49.50 483.10 Td (of the SEC are not applicable or are not required and therefore have been omitted.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.00 458.50 Td (3. ) Tj ET Q
q 0 0 0 rg BT 121.50 458.50 Td (Exhibits) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 426.22 Td (2.1) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
0.49 w
0 i 
[] 0 d
1 J
1 j
3 M
90.5 424.3333984375 m
560.91015625 424.3333984375 l
s
q 0 0 0 rg BT 90.50 425.67 Td (Agreement and Plan of Mer) Tj ET Q
q 0 0 0 rg BT 201.95 425.67 Td (ger) Tj ET Q
q 0 0 0 rg BT 214.32 425.67 Td (, dated as of February 17, 2020, by and among Franklin Resources, Inc., Legg Mason, ) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
0.49 w
0 i 
[] 0 d
1 J
1 j
3 M
90.5 414.3333984375 m
555.0947265625 414.3333984375 l
s
q 0 0 0 rg BT 90.50 415.67 Td (Inc. and ) Tj ET Q
q 0 0 0 rg BT 124.66 415.67 Td (Alpha Sub, Inc. \(incorporated by reference to Legg Mason�) Tj ET Q
q 0 0 0 rg BT 361.79 415.67 Td (s Current Report on Form 8-K for the events on ) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
0.49 w
0 i 
[] 0 d
1 J
1 j
3 M
90.5 404.3333984375 m
167.4287109375 404.3333984375 l
s
q 0 0 0 rg BT 90.50 405.67 Td (February 17, 2020\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 391.22 Td (3.1) Tj ET Q
BT /F1 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
90.5 388.870068359375 m
539.662109375 388.870068359375 l
s
q 0 0 0 rg BT 90.50 390.27 Td (Articles of Incorporation of Legg Mason, as amended \(incorporated by reference to Legg Mason's Current ) Tj ET Q
BT /F1 10.50 Tf ET
0 0 0 RG
/GS0 gs
0.51 w
0 i 
[] 0 d
1 J
1 j
3 M
90.5 378.370068359375 m
307.95751953125 378.370068359375 l
s
q 0 0 0 rg BT 90.50 379.77 Td (Report on Form�8-K for the event on July 26, 201) Tj ET Q
q 0 0 0 rg BT 299.21 379.77 Td (1\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 365.22 Td (3.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 364.27 Td (Legg Mason, Inc. ) Tj ET Q
q 0 0 0 rg BT 166.61 364.27 Td (Amended and Restated Bylaws \(incorporated by reference to Legg Mason's Current Report ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 353.77 Td (on Form�8-K for the event on June 12, 2018\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 339.22 Td (3.3) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 339.57 Td (First ) Tj ET Q
q 0 0 0 rg BT 110.79 339.57 Td (Amendment to the ) Tj ET Q
q 0 0 0 rg BT 187.17 339.57 Td (Amended and Restated Bylaws. \(incorporated by reference to Legg Mason�) Tj ET Q
q 0 0 0 rg BT 489.28 339.57 Td (s Current Report ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 329.57 Td (on Form 8-K for the events on February 17, 2020\)) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 314.22 Td (4.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 313.77 Td (Legg Mason hereby agrees, pursuant to Item�601\(b\)\(4\)\(iii\)\(A\) of Regulation�S-K, to furnish to the SEC upon) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 303.27 Td (request a copy of each instrument with respect to the rights of holders of long-term debt of Legg Mason and its) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 292.77 Td (subsidiaries.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 278.22 Td (4.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 277.77 Td (Form of Indenture for Senior Securities between Legg Mason, Inc., as Issuer and ) Tj ET Q
q 0 0 0 rg BT 432.64 277.77 Td (The Bank of New ) Tj ET Q
q 0 0 0 rg BT 509.81 277.77 Td (Y) Tj ET Q
q 0 0 0 rg BT 516.34 277.77 Td (ork ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 267.27 Td (Mellon, as ) Tj ET Q
q 0 0 0 rg BT 137.26 267.27 Td (T) Tj ET Q
q 0 0 0 rg BT 143.31 267.27 Td (rustee \(incorporated by reference to  Exhibit 4\(a\) to Legg Mason�) Tj ET Q
q 0 0 0 rg BT 417.96 267.27 Td (s  Registration Statement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 256.77 Td (\(Registration No. 333-193321\) on Form S-3 dated January 13, 2014\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 242.22 Td (4.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 241.77 Td (First Supplemental Indenture, dated as of January 22, 2014, between Legg Mason, Inc., and ) Tj ET Q
q 0 0 0 rg BT 478.14 241.77 Td (The Bank of New ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 231.27 Td (Y) Tj ET Q
q 0 0 0 rg BT 97.03 231.27 Td (ork Mellon, as trustee  \(incorporated by reference to Legg Mason's Current Report on Form 8-K filed on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 220.77 Td (January 22, 2014 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 206.22 Td (4.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 205.27 Td (Form of 5.625% Senior Note due 2044 \(incorporated by reference to Legg Mason's Current Report on Form 8-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 194.77 Td (K filed on January 22, 2014 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 180.22 Td (4.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 179.77 Td (Second Supplemental Indenture, dated as of June 26, 2014, between Legg Mason, Inc., and ) Tj ET Q
q 0 0 0 rg BT 476.38 179.77 Td (The Bank of New ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 169.27 Td (Y) Tj ET Q
q 0 0 0 rg BT 97.03 169.27 Td (ork Mellon, as trustee  \(incorporated by reference to Legg Mason's Current Report on Form 8-K filed on June ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 158.77 Td (26, 2014 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 70.85 144.22 Td (4.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 143.77 Td (Third Supplemental Indenture, dated as of June 26, 2014, between Legg Mason, Inc., and ) Tj ET Q
q 0 0 0 rg BT 468.80 143.77 Td (The Bank of New ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 133.27 Td (Y) Tj ET Q
q 0 0 0 rg BT 97.03 133.27 Td (ork Mellon, as trustee  \(incorporated by reference to Legg Mason's Current Report on Form 8-K filed on June ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 122.77 Td (26, 2014 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 108.22 Td (4.10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 107.27 Td (Form of 3.950% Senior Note due 2024  \(incorporated by reference to Legg Mason's Current Report on Form ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 96.77 Td (8-K filed on June 26, 2014 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 82.22 Td (4.1) Tj ET Q
q 0 0 0 rg BT 78.72 82.22 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 81.27 Td (Form of 5.625% Senior Note due 2044  \(incorporated by reference to Legg Mason's Current Report on Form ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 70.77 Td (8-K filed on June 26, 2014 \)) Tj ET Q
BT /F1 10.50 Tf ET
endstream
endobj
383 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 384 0 R>>
endobj
384 0 obj
<</Length 12830>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (189) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 738.72 Td (4.12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 738.27 Td (Base Indenture for Senior Notes between Legg Mason, Inc., as Issuer) Tj ET Q
q 0 0 0 rg BT 381.37 738.27 Td (, and ) Tj ET Q
q 0 0 0 rg BT 404.22 738.27 Td (The Bank of New ) Tj ET Q
q 0 0 0 rg BT 481.39 738.27 Td (Y) Tj ET Q
q 0 0 0 rg BT 487.92 738.27 Td (ork Mellon, as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 727.77 Td (T) Tj ET Q
q 0 0 0 rg BT 96.54 727.77 Td (rustee \(incorporated by reference to Exhibit 4.1 to the Company�) Tj ET Q
q 0 0 0 rg BT 368.29 727.77 Td (s Registration Statement \(Registration No. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 717.27 Td (333-209616\) on Form S-3ASR, dated February 19, 2016\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 702.72 Td (4.13) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 702.27 Td (Fourth Supplemental Indenture, dated as of March 22, 2016, between Legg Mason, Inc., as Issuer) Tj ET Q
q 0 0 0 rg BT 500.07 702.27 Td (, and ) Tj ET Q
q 0 0 0 rg BT 522.91 702.27 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 691.77 Td (Bank New ) Tj ET Q
q 0 0 0 rg BT 137.35 691.77 Td (Y) Tj ET Q
q 0 0 0 rg BT 143.88 691.77 Td (ork Mellon, as ) Tj ET Q
q 0 0 0 rg BT 207.27 691.77 Td (T) Tj ET Q
q 0 0 0 rg BT 213.31 691.77 Td (rustee \(incorporated by reference to Legg Mason's Current Report on Form 8-K ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 681.27 Td (filed on March 22, 2016 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 666.72 Td (4.14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 665.77 Td (Form of 4.750% Senior Note due 2026 \(incorporated by reference to Legg Mason's Current Report on Form 8-) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 655.27 Td (K filed on March 22, 2016 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 640.72 Td (4.15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 640.27 Td (Form of Indenture for Junior Subordinated Notes between Legg Mason, Inc., as Issuer and ) Tj ET Q
q 0 0 0 rg BT 473.18 640.27 Td (The Bank of New ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 629.77 Td (Y) Tj ET Q
q 0 0 0 rg BT 97.03 629.77 Td (ork Mellon, as ) Tj ET Q
q 0 0 0 rg BT 160.42 629.77 Td (T) Tj ET Q
q 0 0 0 rg BT 166.46 629.77 Td (rustee \(incorporated by reference to Exhibit 4.2 to the Company�) Tj ET Q
q 0 0 0 rg BT 438.21 629.77 Td (s Registration Statement ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 619.27 Td (\(Registration No. 333-209616\) on Form S-3ASR, dated February 19, 2016\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 604.72 Td (4.16) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 604.27 Td (First Supplemental Indenture, dated as of March 14, 2016, between Legg Mason, Inc., as Issuer) Tj ET Q
q 0 0 0 rg BT 491.32 604.27 Td (, and ) Tj ET Q
q 0 0 0 rg BT 514.17 604.27 Td (The Bank ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 593.77 Td (New ) Tj ET Q
q 0 0 0 rg BT 112.56 593.77 Td (Y) Tj ET Q
q 0 0 0 rg BT 119.09 593.77 Td (ork Mellon, as ) Tj ET Q
q 0 0 0 rg BT 182.48 593.77 Td (T) Tj ET Q
q 0 0 0 rg BT 188.52 593.77 Td (rustee \(incorporated by reference to Legg Mason's Current Report on Form 8-K filed on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 583.27 Td (March 14, 2016 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 568.72 Td (4.17) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 567.77 Td (Form of 6.375% Junior Subordinated Note due 2056 \(incorporated by reference to Legg Mason's Current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 557.27 Td (Report on Form 8-K filed on March 14, 2016 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 542.72 Td (4.18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 542.27 Td (Second Supplemental Indenture, dated as of ) Tj ET Q
q 0 0 0 rg BT 277.41 542.27 Td (August 8, 2016, between Legg Mason, Inc., as Issuer) Tj ET Q
q 0 0 0 rg BT 500.08 542.27 Td (, and ) Tj ET Q
q 0 0 0 rg BT 522.92 542.27 Td (The ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 531.77 Td (Bank New ) Tj ET Q
q 0 0 0 rg BT 137.35 531.77 Td (Y) Tj ET Q
q 0 0 0 rg BT 143.88 531.77 Td (ork Mellon, as ) Tj ET Q
q 0 0 0 rg BT 207.27 531.77 Td (T) Tj ET Q
q 0 0 0 rg BT 213.31 531.77 Td (rustee  \(incorporated by reference to Legg Mason's Current Report on Form 8-K ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 521.27 Td (filed on ) Tj ET Q
q 0 0 0 rg BT 124.91 521.27 Td (August 8, 2016 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 506.72 Td (4.19) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 506.72 Td (Form of 5.45% Junior Subordinated Note due 2056 \(incorporated by reference to Legg Mason's Current Report ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 496.22 Td (on Form 8-K filed on ) Tj ET Q
q 0 0 0 rg BT 182.37 496.22 Td (August 8, 2016 \)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 480.72 Td (10.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 479.77 Td (Legg Mason,�Inc. Non-Employee Director Equity Plan, as amended \(incorporated by reference to ) Tj ET Q
q 0 0 0 rg BT 502.20 479.77 Td (Appendix ) Tj ET Q
q 0 0 0 rg BT 545.66 479.77 Td (A) Tj ET Q
q 0 0 0 rg BT 552.66 479.77 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 469.27 Td (to the definitive proxy statement for Legg Mason's 2013 ) Tj ET Q
q 0 0 0 rg BT 328.89 469.27 Td (Annual Meeting of Stockholders\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 454.72 Td (10.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 454.27 Td (Form of Common Stock Grant ) Tj ET Q
q 0 0 0 rg BT 221.46 454.27 Td (A) Tj ET Q
q 0 0 0 rg BT 228.08 454.27 Td (ward Letter under the Legg Mason,�Inc. Non-Employee Director Equity Plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 443.77 Td (\(incorporated by reference to Legg Mason's Quarterly Report on Form�10-Q for the quarter ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 433.27 Td (September�30, 2005\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 418.72 Td (10.3) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 418.27 Td (Form of Restricted Stock Unit Grant ) Tj ET Q
q 0 0 0 rg BT 246.24 418.27 Td (A) Tj ET Q
q 0 0 0 rg BT 252.85 418.27 Td (ward Letter under the Legg Mason,�Inc. Non-Employee Director Equity ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 407.77 Td (Plan \(incorporated by reference to Legg Mason's Quarterly Report on Form�10-Q for the quarter ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 397.27 Td (September�30, 2005\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 382.72 Td (10.4) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 381.77 Td (Legg Mason, Inc. 2017 Equity Incentive Plan \(incorporated by reference to ) Tj ET Q
q 0 0 0 rg BT 408.61 381.77 Td (Appendix ) Tj ET Q
q 0 0 0 rg BT 452.07 381.77 Td (A) Tj ET Q
q 0 0 0 rg BT 459.07 381.77 Td ( to the definitive proxy ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 371.27 Td (statement for Legg Mason's 2017 ) Tj ET Q
q 0 0 0 rg BT 232.66 371.27 Td (Annual Meeting of Stockholders\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 356.72 Td (10.5) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 355.77 Td (Legg Mason�&�Co.,�LLC Deferred Compensation/Phantom Stock Plan, as amended \(incorporated by reference ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 345.27 Td (to Legg Mason's ) Tj ET Q
q 0 0 0 rg BT 162.10 345.27 Td (Annual Report on Form�10-K for the year ended March�31, 2009\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 330.72 Td (10.6) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 329.77 Td (Legg Mason,�Inc. Executive Incentive Compensation Plan \(incorporated by reference to ) Tj ET Q
q 0 0 0 rg BT 462.25 329.77 Td (Appendix�) Tj ET Q
q 0 0 0 rg BT 505.71 329.77 Td (A) Tj ET Q
q 0 0 0 rg BT 512.71 329.77 Td ( to the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 319.27 Td (definitive proxy statement for Legg Mason's 2014 ) Tj ET Q
q 0 0 0 rg BT 302.65 319.27 Td (Annual Meeting of Stockholders\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 304.72 Td (10.7) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 303.77 Td (Legg Mason,�Inc. 1996 Equity Incentive Plan, as amended \(incorporated by reference to ) Tj ET Q
q 0 0 0 rg BT 463.13 303.77 Td (Appendix�) Tj ET Q
q 0 0 0 rg BT 506.59 303.77 Td (A) Tj ET Q
q 0 0 0 rg BT 513.59 303.77 Td ( to the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 293.27 Td (definitive proxy statement for Legg Mason's 201) Tj ET Q
q 0 0 0 rg BT 294.96 293.27 Td (1 ) Tj ET Q
q 0 0 0 rg BT 302.26 293.27 Td (Annual Meeting of Stockholders\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 278.72 Td (10.8) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 278.27 Td (Form of Non-Qualified Stock Option ) Tj ET Q
q 0 0 0 rg BT 248.87 278.27 Td (Agreement under the Legg Mason,�Inc. 1996 Equity Incentive Plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 267.77 Td (\(incorporated by reference to Legg Mason's ) Tj ET Q
q 0 0 0 rg BT 276.07 267.77 Td (Annual Report on Form�10-K for the fiscal year ended March 31, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 257.27 Td (2015\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 242.72 Td (10.9) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 242.27 Td (Non-Qualified Stock Option ) Tj ET Q
q 0 0 0 rg BT 212.11 242.27 Td (Agreement dated as of May 2, 2013 between Legg Mason, Inc. and Joseph ) Tj ET Q
q 0 0 0 rg BT 528.20 242.27 Td (A. ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 231.77 Td (Sullivan \(incorporated by reference to Legg Mason's Current Report on Form 8-K for the event on May 2, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 221.27 Td (2013\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 206.72 Td (10.10) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 205.77 Td (Form of Restricted Stock Unit ) Tj ET Q
q 0 0 0 rg BT 219.70 205.77 Td (Agreement under the Legg Mason,�Inc. 1996 Equity Incentive Plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 195.27 Td (\(Incorporated by reference to Legg Mason's ) Tj ET Q
q 0 0 0 rg BT 276.65 195.27 Td (Annual Report on Form 10-K for the year ended March 31, 2016\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 180.72 Td (10.1) Tj ET Q
q 0 0 0 rg BT 78.72 180.72 Td (1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 180.27 Td (Form of Restricted Stock Unit ) Tj ET Q
q 0 0 0 rg BT 219.70 180.27 Td (Agreement for Non-U.S. Resident Executive under the Legg Mason,�Inc. 1996 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 169.77 Td (Equity Incentive Plan, \(Incorporated by reference to Legg Mason's ) Tj ET Q
q 0 0 0 rg BT 372.88 169.77 Td (Annual Report on Form 10-K for the year ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 159.27 Td (ended March 31, 2016\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 144.72 Td (10.12) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 144.27 Td (Form of Restricted Stock Unit ) Tj ET Q
q 0 0 0 rg BT 219.70 144.27 Td (Agreement under the Legg Mason, Inc. 1996 Equity Incentive Plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 133.77 Td (\(incorporated by reference to Legg Mason's Quarterly Report on Form 10-Q for the quarter ended June 30, ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 123.27 Td (2017\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 108.72 Td (10.13) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 108.27 Td (Form of Restricted Stock Unit ) Tj ET Q
q 0 0 0 rg BT 219.70 108.27 Td (Agreement for Non-U.S. Resident Executive under the Legg Mason, Inc. 1996 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 97.77 Td (Equity Incentive Plan \(incorporated by reference to Legg Mason�) Tj ET Q
q 0 0 0 rg BT 364.57 97.77 Td (s Quarterly Report on Form 10-Q for the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 87.27 Td (quarter ended June 30, 2017\)* ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 72.72 Td (10.14) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 72.72 Td (Form of Performance Share Unit ) Tj ET Q
q 0 0 0 rg BT 230.76 72.72 Td (A) Tj ET Q
q 0 0 0 rg BT 237.38 72.72 Td (ward ) Tj ET Q
q 0 0 0 rg BT 260.42 72.72 Td (Agreement \(incorporated by reference to Legg Mason�) Tj ET Q
q 0 0 0 rg BT 490.16 72.72 Td (s Quarterly ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 62.22 Td (Report on Form 10-Q for the quarter ended June 30, 2017\)* ) Tj ET Q
BT /F1 10.50 Tf ET
endstream
endobj
385 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 386 0 R>>
endobj
386 0 obj
<</Length 13435>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (190) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 738.72 Td (10.15) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 738.27 Td (Form of Restricted Stock Unit ) Tj ET Q
q 0 0 0 rg BT 219.70 738.27 Td (Agreement under the Legg Mason, Inc. 2017 Equity Incentive Plan ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 727.77 Td (\(incorporated by reference to the Legg Mason ) Tj ET Q
q 0 0 0 rg BT 285.55 727.77 Td (Annual Report on Form 10-K for the fiscal year ended March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 717.27 Td (31, 2018\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 702.72 Td (10.16) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 702.27 Td (Form of Restricted Stock Unit ) Tj ET Q
q 0 0 0 rg BT 219.70 702.27 Td (Agreement for Non-U.S. Resident Executive under the Legg Mason, Inc. 2017 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 691.77 Td (Equity Incentive Plan \(incorporated by reference to the Legg Mason ) Tj ET Q
q 0 0 0 rg BT 379.15 691.77 Td (Annual Report on Form 10-K for the ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 681.27 Td (fiscal year ended March 31, 2018\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 666.72 Td (10.17) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 665.77 Td (Form of Performance Share Unit ) Tj ET Q
q 0 0 0 rg BT 230.76 665.77 Td (A) Tj ET Q
q 0 0 0 rg BT 237.38 665.77 Td (ward ) Tj ET Q
q 0 0 0 rg BT 260.42 665.77 Td (Agreement \(incorporated by reference to the Legg Mason ) Tj ET Q
q 0 0 0 rg BT 504.74 665.77 Td (Annual ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 655.27 Td (Report on Form 10-K for the fiscal year ended March 31, 2018\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 640.72 Td (10.18) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 639.77 Td (Form of Letter ) Tj ET Q
q 0 0 0 rg BT 154.36 639.77 Td (Agreement with Executives \(incorporated by reference to the Legg Mason ) Tj ET Q
q 0 0 0 rg BT 468.67 639.77 Td (Annual Report on ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 629.27 Td (Form 10-K for the fiscal year ended March 31, 2019\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 614.72 Td (10.19) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 613.77 Td (Form of ) Tj ET Q
q 0 0 0 rg BT 127.06 613.77 Td (T) Tj ET Q
q 0 0 0 rg BT 133.11 613.77 Td (ransition ) Tj ET Q
q 0 0 0 rg BT 171.90 613.77 Td (Agreement with Executives \(incorporated by reference to the Legg Mason ) Tj ET Q
q 0 0 0 rg BT 486.20 613.77 Td (Annual Report ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 603.27 Td (on Form 10-K for the fiscal year ended March 31, 2019\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 588.72 Td (10.20) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 587.77 Td (Lease ) Tj ET Q
q 0 0 0 rg BT 117.03 587.77 Td (Agreement, dated ) Tj ET Q
q 0 0 0 rg BT 193.71 587.77 Td (August�16, 2006, between Legg Mason and FC Eighth ) Tj ET Q
q 0 0 0 rg BT 424.99 587.77 Td (A) Tj ET Q
q 0 0 0 rg BT 431.79 587.77 Td (ve.,�LLC \(incorporated by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 577.27 Td (reference to Legg Mason's Quarterly Report on Form�10-Q for the quarter ended September�30, 2006\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 562.72 Td (10.21) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 561.77 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 118.79 561.77 Td (Agreement, dated as of June 27, 2012, between Legg Mason, Inc., as Borrower; Citibank, N.A., as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 551.27 Td (Administrative ) Tj ET Q
q 0 0 0 rg BT 155.54 551.27 Td (Agent; ) Tj ET Q
q 0 0 0 rg BT 186.55 551.27 Td (The Bank of New ) Tj ET Q
q 0 0 0 rg BT 263.72 551.27 Td (Y) Tj ET Q
q 0 0 0 rg BT 270.26 551.27 Td (ork Mellon and State Street Bank and ) Tj ET Q
q 0 0 0 rg BT 430.74 551.27 Td (T) Tj ET Q
q 0 0 0 rg BT 436.79 551.27 Td (rust Company) Tj ET Q
q 0 0 0 rg BT 495.31 551.27 Td (, as Joint ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 540.77 Td (Documentation ) Tj ET Q
q 0 0 0 rg BT 157.28 540.77 Td (Agents; and the other banks party thereto \(incorporated by reference to Legg Mason's Current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 530.27 Td (Report on Form 8-K filed on June 28, 2012\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 515.72 Td (10.22) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 515.27 Td (Incremental Revolving Facility ) Tj ET Q
q 0 0 0 rg BT 223.76 515.27 Td (Agreement, dated as of January 31, 2014, among Legg Mason, Inc., as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 504.77 Td (Borrower) Tj ET Q
q 0 0 0 rg BT 130.32 504.77 Td (, Citibank, N.A., as ) Tj ET Q
q 0 0 0 rg BT 213.44 504.77 Td (Administrative ) Tj ET Q
q 0 0 0 rg BT 278.48 504.77 Td (Agent, and the other banks party thereto \(incorporated by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 494.27 Td (reference to Legg Mason's Current Report on Form 8-K filed on February 4, 2014\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 479.72 Td (10.23) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 479.27 Td (Legg Mason, Inc. Deferred Compensation Fund Plan, amended and restated ef) Tj ET Q
q 0 0 0 rg BT 420.09 479.27 Td (fective September 1, 2014 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 468.77 Td (\(incorporated by reference to Legg Mason's Quarterly Report on Form 10-Q for the quarter ended September ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 458.27 Td (30, 2014\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 443.72 Td (10.24) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 443.27 Td (Form of director's service agreement dated ) Tj ET Q
q 0 0 0 rg BT 271.99 443.27 Td (April 1, 2013 between Legg Mason & Co \(UK\) Limited and ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 432.77 Td (T) Tj ET Q
q 0 0 0 rg BT 96.18 432.77 Td (erence Johnson, \(incorporated by reference to Legg Mason's ) Tj ET Q
q 0 0 0 rg BT 351.44 432.77 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 422.27 Td (March 31, 2013\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 407.72 Td (10.25) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 407.27 Td (Form of director's service agreement dated ) Tj ET Q
q 0 0 0 rg BT 271.99 407.27 Td (April 1, 2015 between Legg Mason & Co \(UK\) Limited and Ursula ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 396.77 Td (Schliessler \(incorporated by reference to Legg Mason's ) Tj ET Q
q 0 0 0 rg BT 324.19 396.77 Td (Annual Report on Form 10-K for the year ended March ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 386.27 Td (31, 2015\)*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 371.72 Td (10.26) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 371.27 Td (Credit ) Tj ET Q
q 0 0 0 rg BT 118.79 371.27 Td (Agreement, dated as of December 29, 2015, between Legg Mason, Inc., as Borrower; Citibank, N.A., as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 360.77 Td (Administrative ) Tj ET Q
q 0 0 0 rg BT 155.54 360.77 Td (Agent; and the other banks party thereto \(incorporated by reference to Legg Mason's Current ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 350.27 Td (Report on Form 8-K filed on December 31, 2015\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 335.72 Td (10.27) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 334.77 Td (First ) Tj ET Q
q 0 0 0 rg BT 111.80 334.77 Td (Amendment, dated as of March 31, 2016, to the Credit ) Tj ET Q
q 0 0 0 rg BT 343.63 334.77 Td (Agreement, dated as of December 29, 2015, by ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 324.27 Td (and among Legg Mason, Inc., as Borrower) Tj ET Q
q 0 0 0 rg BT 269.99 324.27 Td (, Citibank, N.A., as ) Tj ET Q
q 0 0 0 rg BT 353.12 324.27 Td (Administrative ) Tj ET Q
q 0 0 0 rg BT 418.16 324.27 Td (Agent, and each of the lenders ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 313.77 Td (from time to time party thereto \(incorporated by reference to Legg Mason's Current Report on Form 8-K filed ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 303.27 Td (on ) Tj ET Q
q 0 0 0 rg BT 103.05 303.27 Td (April 1, 2016\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 288.72 Td (10.28) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 288.27 Td (Second ) Tj ET Q
q 0 0 0 rg BT 123.46 288.27 Td (Amendment, dated as of September 7, 2016, to the Credit ) Tj ET Q
q 0 0 0 rg BT 367.54 288.27 Td (Agreement, dated as of December 29, 2015 ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 277.77 Td (\(as amended by the First ) Tj ET Q
q 0 0 0 rg BT 195.77 277.77 Td (Amendment to the Credit ) Tj ET Q
q 0 0 0 rg BT 304.84 277.77 Td (Agreement, dated as of March 31, 2016\), by and among ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 267.27 Td (Legg Mason, Inc., as Borrower) Tj ET Q
q 0 0 0 rg BT 221.00 267.27 Td (, Citibank, N.A., as ) Tj ET Q
q 0 0 0 rg BT 304.13 267.27 Td (Administrative ) Tj ET Q
q 0 0 0 rg BT 369.17 267.27 Td (Agent, and each of the lenders from time to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 256.77 Td (time party thereto \(incorporated by reference to Legg Mason's Current Report on Form 8-K filed on September ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 246.27 Td (7, 2016\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 231.72 Td (10.29) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 231.27 Td (Third ) Tj ET Q
q 0 0 0 rg BT 115.87 231.27 Td (Amendment, dated as of March 31, 2017, to the Credit ) Tj ET Q
q 0 0 0 rg BT 347.70 231.27 Td (Agreement, dated as of December 29, 2015 \(as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 220.77 Td (amended by the First ) Tj ET Q
q 0 0 0 rg BT 180.91 220.77 Td (Amendment to the Credit ) Tj ET Q
q 0 0 0 rg BT 289.98 220.77 Td (Agreement, dated as of March 31, 2016, and the Second ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 210.27 Td (Amendment to the Credit ) Tj ET Q
q 0 0 0 rg BT 199.57 210.27 Td (Agreement, dated as of September 7, 2016\), by and among Legg Mason, Inc., as ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 199.77 Td (Borrower) Tj ET Q
q 0 0 0 rg BT 130.32 199.77 Td (, Citibank, N.A., as ) Tj ET Q
q 0 0 0 rg BT 213.44 199.77 Td (Administrative ) Tj ET Q
q 0 0 0 rg BT 278.48 199.77 Td (Agent, and each of the lenders from time to time party thereto  ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 189.27 Td (\(incorporated by reference to Legg Mason's Current Report on Form 8-K filed on March 31, 2017\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 174.72 Td (10.30) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 173.77 Td (T) Tj ET Q
q 0 0 0 rg BT 96.54 173.77 Td (ransaction ) Tj ET Q
q 0 0 0 rg BT 141.74 173.77 Td (Agreement, dated as of January 22, 2016, by and among EnT) Tj ET Q
q 0 0 0 rg BT 398.85 173.77 Td (rustPermal Group Holdings LLC, a ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 163.27 Td (Delaware limited liability company) Tj ET Q
q 0 0 0 rg BT 238.82 163.27 Td (, EP) Tj ET Q
q 0 0 0 rg BT 255.93 163.27 Td ( Partners Holdings LLC, a Delaware limited liability company) Tj ET Q
q 0 0 0 rg BT 517.41 163.27 Td (, GH ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 152.77 Td (Onshore GP) Tj ET Q
q 0 0 0 rg BT 141.73 152.77 Td ( LLC, a Delaware limited liability company) Tj ET Q
q 0 0 0 rg BT 325.05 152.77 Td (, and GH EP) Tj ET Q
q 0 0 0 rg BT 377.74 152.77 Td ( Holdings LLC, a Delaware limited ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 142.27 Td (liability company and EnT) Tj ET Q
q 0 0 0 rg BT 202.40 142.27 Td (rustPermal LLC, a Delaware limited liability company) Tj ET Q
q 0 0 0 rg BT 431.20 142.27 Td (, and solely for certain ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 131.77 Td (purposes specified therein, �Gregg S. Hymowitz and Legg Mason, Inc. \(incorporated by reference to Legg ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 121.27 Td (Mason's Quarterly Report on Form 10-Q filed on February 9, 2016\)) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 106.72 Td (10.31) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 106.17 Td (Form of Retention Letter ) Tj ET Q
q 0 0 0 rg BT 192.70 106.17 Td (Agreement with each Peter H. Nachtwey) Tj ET Q
q 0 0 0 rg BT 355.88 106.17 Td (, Patricia Lattin and ) Tj ET Q
q 0 0 0 rg BT 437.06 106.17 Td (Thomas C. Merchant ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 96.17 Td (\(incorporated by reference to Legg Mason�) Tj ET Q
q 0 0 0 rg BT 262.37 96.17 Td (s Current Report on Form 8-K for the events on ) Tj ET Q
q 0 0 0 rg BT 455.12 96.17 Td (April 29, 2020\)*) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 81.72 Td (10.32) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 81.17 Td (Form of Non-Competition ) Tj ET Q
q 0 0 0 rg BT 198.00 81.17 Td (Agreement by and between Joseph ) Tj ET Q
q 0 0 0 rg BT 339.35 81.17 Td (A. Sullivan and Legg Mason, Inc. \(incorporated by ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 71.17 Td (reference to Legg Mason�) Tj ET Q
q 0 0 0 rg BT 193.51 71.17 Td (s Current Report on Form 8-K for the events on ) Tj ET Q
q 0 0 0 rg BT 386.26 71.17 Td (April 29, 2020\)*) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
387 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 388 0 R>>
endobj
388 0 obj
<</Length 6103>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (191) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 737.72 Td (10.33) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 737.17 Td (Form of Retention Letter ) Tj ET Q
q 0 0 0 rg BT 192.70 737.17 Td (Agreement with Joseph ) Tj ET Q
q 0 0 0 rg BT 289.07 737.17 Td (A. Sullivan \(incorporated by reference to Legg Mason�) Tj ET Q
q 0 0 0 rg BT 509.00 737.17 Td (s Current ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 727.17 Td (Report on Form 8-K for the events on ) Tj ET Q
q 0 0 0 rg BT 243.81 727.17 Td (April 29, 2020\)*) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 712.72 Td (10.34) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 712.17 Td (Form of Retention Letter ) Tj ET Q
q 0 0 0 rg BT 192.70 712.17 Td (Agreement with ) Tj ET Q
q 0 0 0 rg BT 259.72 712.17 Td (T) Tj ET Q
q 0 0 0 rg BT 265.13 712.17 Td (erence ) Tj ET Q
q 0 0 0 rg BT 293.17 712.17 Td (A. Johnson \(incorporated by reference to Legg Mason�) Tj ET Q
q 0 0 0 rg BT 512.54 712.17 Td (s Current ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 90.50 702.17 Td (Report on Form 8-K for the events on ) Tj ET Q
q 0 0 0 rg BT 243.81 702.17 Td (April 29, 2020\)*) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 687.72 Td (10.35) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 687.27 Td (Form of Deferred Cash Unit ) Tj ET Q
q 0 0 0 rg BT 211.52 687.27 Td (Agreement for U.S. Executives, filed herewith*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 60.35 672.72 Td (10.36) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 672.27 Td (Form of Deferred Cash Unit ) Tj ET Q
q 0 0 0 rg BT 211.52 672.27 Td (Agreement for non-U.S. Executives, filed herewith*) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 73.50 657.72 Td (21) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 657.27 Td (Subsidiaries of the Company) Tj ET Q
q 0 0 0 rg BT 211.43 657.27 Td (, filed herewith) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 73.50 642.72 Td (23) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 642.27 Td (Consent of Independent Registered Public ) Tj ET Q
q 0 0 0 rg BT 269.85 642.27 Td (Accounting Firm, filed herewith) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 627.72 Td (31.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 627.27 Td (Certification of Chief Executive Of) Tj ET Q
q 0 0 0 rg BT 239.01 627.27 Td (ficer) Tj ET Q
q 0 0 0 rg BT 257.82 627.27 Td (, filed herewith ) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 612.72 Td (31.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 612.27 Td (Certification of Principal Financial Of) Tj ET Q
q 0 0 0 rg BT 250.69 612.27 Td (ficer) Tj ET Q
q 0 0 0 rg BT 269.50 612.27 Td (, filed herewith) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 597.72 Td (32.1) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 596.77 Td (Certification of Chief Executive Of) Tj ET Q
q 0 0 0 rg BT 239.01 596.77 Td (ficer pursuant to 18 U.S.C. Section�1350, as adopted pursuant to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 586.27 Td (Section�906 of the Sarbanes-Oxley ) Tj ET Q
q 0 0 0 rg BT 238.93 586.27 Td (Act of 2002, filed herewith) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 65.60 571.72 Td (32.2) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 570.77 Td (Certification of Principal Financial Of) Tj ET Q
q 0 0 0 rg BT 250.69 570.77 Td (ficer pursuant to 18 U.S.C. Section�1350, as adopted pursuant to ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 560.27 Td (Section�906 of the Sarbanes-Oxley ) Tj ET Q
q 0 0 0 rg BT 238.93 560.27 Td (Act of 2002, filed herewith) Tj ET Q
BT /F1 10.50 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 68.25 545.72 Td (101) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 545.27 Td (Financial statements from the ) Tj ET Q
q 0 0 0 rg BT 217.35 545.27 Td (Annual Report on Form�10-K of Legg Mason,�Inc. for the year ended March�31,) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 534.77 Td (2020, filed on May 28, 2020, formatted in Inline XBRL: \(i\)�the Consolidated Balance Sheets, \(ii\)�the) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 524.27 Td (Consolidated Statements of Income \(Loss\), \(iii\)�the Consolidated Statements of Comprehensive Income) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 513.77 Td (\(Loss\), \(iv\) the Consolidated Statements of Changes in Stockholders' Equity) Tj ET Q
q 0 0 0 rg BT 410.52 513.77 Td (, \(v\)�the Consolidated Statements) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 503.27 Td (of Cash Flows and \(vi\)�the Notes to Consolidated Financial Statements tagged in detail.  ) Tj ET Q
q 0 0 0 rg BT 463.69 503.27 Td (The instance) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 492.77 Td (document does not appear in the interactive data file because its XBRL) Tj ET Q
q 0 0 0 rg BT 389.17 492.77 Td ( tags are embedded within the Inline) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 482.27 Td (XBRL) Tj ET Q
q 0 0 0 rg BT 118.31 482.27 Td ( document.) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 68.25 467.72 Td (104) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 466.77 Td (The cover page f this ) Tj ET Q
q 0 0 0 rg BT 181.18 466.77 Td (Annual Report on Form 10-K for the year ended March 31, 2020, filed with the SEC on) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 90.50 456.27 Td (May 28, 2020 is formatted in Inline XBRL.) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 8.50 Tf ET
q 0 0 0 rg BT 49.50 441.80 Td (* ) Tj ET Q
q 0 0 0 rg BT 67.50 441.80 Td (These exhibits are management contracts or compensatory plans or arrangements.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 417.20 Td (ITEM 16. FORM 10-K SUMMAR) Tj ET Q
q 0 0 0 rg BT 203.41 417.20 Td (Y) Tj ET Q
q 0 0 0 rg BT 210.03 417.20 Td (.) Tj ET Q
BT /F2 10.50 Tf ET
q 0 0 0 rg BT 49.50 392.00 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 85.50 392.00 Td (None.) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 380.00 Td (  ) Tj ET Q
endstream
endobj
389 0 obj
<</Type /Page
/Parent 1 0 R
/MediaBox [0 0 612.00 792.00]
/Resources 2 0 R
/Rotate 0
/Contents 390 0 R>>
endobj
390 0 obj
<</Length 10361>>
stream
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q
q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q
BT /F1 10.00 Tf ET
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 298.10 31.25 Td (192) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 273.85 742.25 Td (SIGNA) Tj ET Q
q 0 0 0 rg BT 304.78 742.25 Td (TURES) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 718.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 718.25 Td (Pursuant to the requirements of Section 13 or 15\(d\) of the Securities Exchange ) Tj ET Q
q 0 0 0 rg BT 402.37 718.25 Td (Act of 1934, the registrant has duly ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 706.25 Td (caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 682.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 682.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 121.50 682.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.50 682.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 193.50 682.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 229.50 682.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 265.50 682.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 301.50 682.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 337.50 682.25 Td (LEGG MASON, INC.) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 658.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 658.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 121.50 658.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.50 658.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 193.50 658.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 229.50 658.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 265.50 658.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 301.50 658.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 337.50 658.25 Td (By: ) Tj ET Q
BT /F1 10.00 Tf ET
0 0 0 RG
/GS0 gs
0.49 w
0 i 
[] 0 d
1 J
1 j
3 M
354.4482421875 656.9169921875 m
441.123046875 656.9169921875 l
s
q 0 0 0 rg BT 354.45 658.25 Td (/s/ Joseph ) Tj ET Q
q 0 0 0 rg BT 395.57 658.25 Td (A. Sullivan) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 49.50 646.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 646.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 121.50 646.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.50 646.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 193.50 646.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 229.50 646.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 265.50 646.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 301.50 646.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 337.50 646.25 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 368.90 646.25 Td (A. Sullivan, Chairman, Pr) Tj ET Q
q 0 0 0 rg BT 480.40 646.25 Td (esident and Chief ) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 49.50 634.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 634.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 121.50 634.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.50 634.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 193.50 634.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 229.50 634.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 265.50 634.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 301.50 634.25 Td ( ) Tj ET Q
q 0 0 0 rg BT 337.50 634.25 Td (Executive Officer) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 621.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 621.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 121.50 621.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 157.50 621.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 193.50 621.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 229.50 621.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 265.50 621.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 301.50 621.65 Td (              Date: ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 360.66 621.65 Td (May 28, 2020) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 419.28 621.65 Td ( ) Tj ET Q
BT /F1 10.50 Tf ET
q 0 0 0 rg BT 421.78 621.65 Td ( ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 603.65 Td ( ) Tj ET Q
q 0 0 0 rg BT 85.50 603.65 Td (Pursuant to the requirements of the Securities Exchange ) Tj ET Q
q 0 0 0 rg BT 311.55 603.65 Td (Act of 1934, this report has been signed below by the ) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 49.50 591.65 Td (following persons on behalf of the registrant in the capacities and on the dates indicated.) Tj ET Q
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 563.15 m
193 563.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
197 563.15 m
307 563.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
307 563.15 m
477 563.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
481 563.15 m
562 563.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 538.15 m
193 538.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 494.15 m
193 494.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 457.15 m
193 457.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 422.15 m
193 422.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 385.15 m
193 385.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 385.15 m
193 385.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 348.15 m
193 348.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 312.15 m
193 312.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 275.15 m
193 275.15 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 242.14999999999998 m
193 242.14999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 209.14999999999998 m
193 209.14999999999998 l
s
0 0 0 RG
/GS0 gs
1.00 w
0 i 
[] 0 d
0 J
0 j
3 M
50 209.14999999999998 m
193 209.14999999999998 l
s
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 100.25 567.83 Td (Signatur) Tj ET Q
q 0 0 0 rg BT 137.39 567.83 Td (e) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 326.55 567.83 Td (T) Tj ET Q
q 0 0 0 rg BT 333.13 567.83 Td (itle) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 511.00 567.83 Td (Date) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 542.82 Td (/s/ Joseph ) Tj ET Q
q 0 0 0 rg BT 93.89 542.82 Td (A. Sullivan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 195.50 542.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 552.82 Td (Chairman, President and Chief Executive Of) Tj ET Q
q 0 0 0 rg BT 378.25 552.82 Td (ficer \(Principal) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 542.82 Td (Executive Of) Tj ET Q
q 0 0 0 rg BT 252.44 542.82 Td (ficer\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 542.82 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 527.83 Td (Joseph ) Tj ET Q
q 0 0 0 rg BT 84.18 527.83 Td (A. Sullivan) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 498.82 Td (/s/ Peter H. Nachtwey) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 195.50 498.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 508.82 Td (Chief Financial Of) Tj ET Q
q 0 0 0 rg BT 274.39 508.82 Td (ficer and Senior Executive ) Tj ET Q
q 0 0 0 rg BT 383.05 508.82 Td (V) Tj ET Q
q 0 0 0 rg BT 389.88 508.82 Td (ice�President) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 498.82 Td (\(Principal Financial and ) Tj ET Q
q 0 0 0 rg BT 297.81 498.82 Td (Accounting�Of) Tj ET Q
q 0 0 0 rg BT 357.15 498.82 Td (ficer\)) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 498.82 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 483.83 Td (Peter) Tj ET Q
q 0 0 0 rg BT 75.16 483.83 Td ( H. Nachtwey) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 461.82 Td (/s/ Robert ) Tj ET Q
q 0 0 0 rg BT 93.89 461.82 Td (Angelica) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 195.50 461.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 461.82 Td (Director) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 391.50 461.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 461.82 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 447.88 Td (Robert E. ) Tj ET Q
q 0 0 0 rg BT 96.38 447.88 Td (Angelica) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 426.82 Td (/s/ Carol ) Tj ET Q
q 0 0 0 rg BT 88.89 426.82 Td (A. Davidson) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 195.50 426.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 426.82 Td (Director) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 309.50 426.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 426.82 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 411.83 Td (Car) Tj ET Q
q 0 0 0 rg BT 69.07 411.83 Td (ol ) Tj ET Q
q 0 0 0 rg BT 78.98 411.83 Td (A. Davidson) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 389.82 Td (/s/ Stephen C. Hooley) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 195.50 389.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 389.82 Td (Director) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 309.50 389.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 389.82 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 374.83 Td (Stephen C. Hooley) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 352.82 Td (/s/ Edward P) Tj ET Q
q 0 0 0 rg BT 103.05 352.82 Td (. Garden) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 352.82 Td (Director) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 352.82 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 338.83 Td (Edward P) Tj ET Q
q 0 0 0 rg BT 95.10 338.83 Td (. Garden) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 316.82 Td (/s/ Michelle J. Goldber) Tj ET Q
q 0 0 0 rg BT 144.06 316.82 Td (g) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 195.50 316.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 316.82 Td (Director) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 316.82 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 301.83 Td (Michelle J. Goldberg) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 279.82 Td (/s/ John ) Tj ET Q
q 0 0 0 rg BT 85.75 279.82 Td (V) Tj ET Q
q 0 0 0 rg BT 92.24 279.82 Td (. Murphy) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 195.50 279.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 279.82 Td (Director) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 309.50 279.82 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 279.82 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 265.88 Td (John ) Tj ET Q
q 0 0 0 rg BT 76.03 265.88 Td (V) Tj ET Q
q 0 0 0 rg BT 82.52 265.88 Td (. Murphy) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 245.72 Td (/s/ Nelson Peltz) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 245.72 Td (Director) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 245.72 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 232.88 Td (Nelson Peltz) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 52.50 212.72 Td (/s/ ) Tj ET Q
q 0 0 0 rg BT 64.17 212.72 Td (Alison ) Tj ET Q
q 0 0 0 rg BT 92.79 212.72 Td (A. Quirk) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 199.50 212.72 Td (Director) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 309.50 212.72 Td (�) Tj ET Q
BT /F1 10.00 Tf ET
q 0 0 0 rg BT 493.05 212.72 Td (May 28, 2020) Tj ET Q
BT /F2 10.00 Tf ET
q 0 0 0 rg BT 52.50 199.88 Td (Alison ) Tj ET Q
q 0 0 0 rg BT 81.68 199.88 Td (A. Quirk) Tj ET Q
BT /F1 10.00 Tf ET
endstream
endobj
391 0 obj
<</Type /OCG /Name (print)
/Usage <</Print <</PrintState /ON>> /View <</ViewState /OFF>>>>>>
endobj
392 0 obj
<</Type /OCG /Name (view)
/Usage <</Print <</PrintState /OFF>> /View <</ViewState /ON>>>>>>
endobj
393 0 obj
<</Type /ExtGState
/BM /Normal
/n 393
/SA true
/CA 1
/ca 1
>>
endobj
394 0 obj
<</Length 140367
/Filter /FlateDecode
/Length1 215152>>
stream
x��y�\E�7~n���{{��w�޻����'�d�'�52� �H�aG��PPA!��"����"�	b�-��&�h�,�+����T�L���y���?���:uk?uΩo���H""?�������W�~����.X�v��3��&rm 2\�jMg�w�m'��C�ڴzl������y����cǏ\���� r�B�j����x���\D����sV�@���{������t�wo�c�m�C{�I�wl��1�1�z���:1��m!�t-�\q�3������D���.:yz�'�W������ɨp�[_F�=������>��E"ǢӦ���/|�K&��_����~�����=!������wn��-�a���z��3���¦��h�$�7����,�ؑ2������Oo_��e�S�F�L��l���k�}�F��g[�F>�|�;����<p�.�ymn��/��V��g;���n�y����2�}��t&��@*uұX��ߠd ��R�
��̟2wc�\;7^G'���`��&��h��w�;�1?w�Ț1��?�K,������MD�>�$F_efɦ���RLp2�n���t��(�t����,�)�mt��"�P�郔C����������h�+H�5H)�-H�V"��t�� }��O��h���l��T�FZ���y*�v���I.c�nc���N��d��ｭ��Ң߱���G���H^�eE� �P�<73�ȧ��潶���s�����e�u�Jԯ����1M���V|{�=�x��B���������6��Q6p_�+#�r_�Y2>)E�O���'i�i-�ž�%7��<�'�y�/�2�����O$��p����oH��n������3�i��֫��X�4���$%���"-6m��5��x<�|'��lC
��s~�>d����r5�]��i�fx�-9Z��B�T ����`Y�]#�n���E��{�N�KB>�4	�O!��o���0�'�s7ҷ1^�ڝ�ֹt�[��e��i�#����a��������������iN7��9���o)��!�!�W#}�MHq�y�� �c{a�d�`��[��:�ٰ}�����"$?R�B���TF_qVX��3�����e>G{~����d{:$Ϙ+bmq�خ�Kl����J�����ږ�|.x����a>��Ϧ8ȍ���e�z���e��_G9��4������8��a��y��9q��`�8�`��ֽT�.��^������K�b���e�� ]#��i���|k�e�������������9�C����$�0�J'�����[-���Q������H����H�#�m�'m�I{�ǐ
��ҙ�a0S�i/-5Ĺˡ���i:�1�(�������-��"���#�2<A���#߾`Go���lK"�������sq����jq�Yq&��sj���,��왷���,�>�>�`���� Ʃo��7�s��<N1&���_`��<	�C��|�7��o�=�[Z�?H�ϟk�.�ڿ;�#�`���Z,�hm0�hm�>�|���݆Bk��}����E��Q���A�-ܡ9Z5�g9�KM7��nߡ>qw��B�W�5�|�v�
����z�䥷/���s�������d���9`�
:����c�+M�zc�0�Bf!��b�q���q�\��[L�OƂI���y\f�[^#�`�=��X��E�5'p���e9��g�^�\���1�''Ɯ_A�x�,���%<��ha����z~�bN�����Z�4`[Ly����Ko2�Kux�I|G��wT	w�$|*$��H`�j�,�i���.����]�2w�q�6%,%�q2eж���1ϙ������VK�?'���es�	�q^Ÿ���g�y���)��Ô�;��y����a�c�J�t�ɶ���-�e�M{�m(���l��~�=1�mY�dzz�thxx�p�⣇�~26��5��U���	K'�^ضvpv��?�=�:��k7o�z��OV�b�Y-��`��.lݼeK�7o�6�ښ�)a����'�~ ����I6)"���1�;`����)��f�8z���b����0��2-MK'�C�[n�m��ӄ�b[�d�Z7[����mӋ���.����p���MM/���ᵈ'ttvt.NǤ�%.o��<-{�@Dr9��K�L���g�k�)�'�Z��R!�	;$����.IrE¿��G}�_/�&���Z��㒵K�N���[�$���������飻׈[�<�sy�qSg�C��f��?��-sk�S� ��ŉI)�y��V)4,/Y�B���a��藜Y)\T�R0������?�!)����+��[^2ᚔ$T-Y�VBK0��h9<�$Y�IiH1�{*(y���=�{�R�籭a@�d��
x�����Rl���� ��~�����($	X�[�^���E6���]� u�$g�_�"�,��dP��x�)�A����@�A~��$?��޶�0i�A�j��b���(h�b�)п�Nq�4%A3�͂��r���)Z�H��_�D9�2�A;� Z�b��T�h�ʠ��֩��'�
h���݂.�����꠽��Qh?5Z��b���AA��:����@�R?(���Wh�AǨ	:NC���e�t9�N
z��~O+ht��@W�8�4��������堫=�&[���i�A���1������=N�u�
t=�=��j���,�:�-��Z�z�6�1���X��t��_�VZ�����7���K:�6��Lo=E�Sic�%:�6��N�A������"��[A��6з�4�������N=Kг�d�s��w�i��靂��N}7��zk�t���������Oo}?� � ��A:���.�s@/�w�~��	�a�g�"z���Н�^B綞�K齠���@?"��t~��t��J� �G�}�*���4}�.��>�	�0F}�.B�5�~�.�4]��}>+���2�k�#�ׁ���
��ӕ�_���~�gt}�F�
�&��fПҗ����'Ao�kP���ӧQ�e�����gAw��ZO�,]�������
}��$�E_ ���{苠wӍ�'�A�F7�~�n�}��8}S�oѭ�{�6�o�����w�.}�{4�}�����^��C��>A璘�~L�]�?���>H{@��[���t�#�>J_�1}��=F������	��z���o�>%�O黠?���}�>M��9� ���� =K?�O��>G����h��������K���n=@��G@_�GA-�o����[�	���q���z�z�?�)�W駠����?�>�?�z���L��7z�F�A�Aϵ�
�/z� � ڢ[?�L�o��������k����k��/LY`���_��������,0�e����+����+����K����K��/	LI`�K�_�������(0�E��/
LA`��_�������?/0�y���L����_L����_LN`�sӟ��������L�/0}���g�?+0�Y���
LV`�3ӟ��������9L����?%0�)��O	LJ`�Sӟ�����'�?)0�I��O
LR`�ӟ�����'�?.0�'�"0�'�"0�1��	LL`�c�,0���,0��������G��X`��������G�?"0���LD`���������?$0�!��	LH`�C��������H`��������? 0���L�����? 0���L�_`�����~������'0�>���	L��#L��L�L�o�������'�_��;���?�t��
��NF��l�����b1��ƃ?��o��f�ڬ��d�Y6
fP'��ǚ����F;�0�P���l0[l6����`0�i��fL����`���Y�ls�,N�ނif��̒��ڿ?M���e��h6Y���6�!Li�X���f0o3#��V���}�_�c���[X�b6:���V�Pi;��r��NV���r0;V�*x����܂�FfIlJDl�Y�95�l�m :�6����r����m	�!Z��&~�5�H�sB��b��m��9dm���Џg29��A�C��a[�V6f5�ZY�fk[�l!~0��&���2��\�=:�=Z�h�`��cV��n2ۭ.��j��6��p,�Gf��=ZQ�j;�a`K�a����c�(-���vأՉ��S��� /v�Gk��i�lw�-.�G>�����h�m�s�h�.�������jg)����F`�����-���Q�X�`�7
VL.��#x��'��&a�6�K�~-v+������m�&��&��,��{��{���n�V�أ�h�2�+	�f���¨쐆���1q���h1Ϋ�M�m�va�f������d��\�ȕvl�hs��P!b��C��&�|c?�^av�X��b{���Gp:`�V�G�!�hb��3�b�(�d�8q8����(��%;c��b��do��`����8��w�Qkw�Q��{�9�H��u�=�	��vX��G�9�mF�b���7g���kۘ��8,l��	X�i���he�����0Ta��l�h��Vl�m�2���Ʈ K@f2��l�66K�@^cGf�P{���|2���|If�sXX�&�Α��
�r8LB�N���0:^o��Ŏ|M���ʙ�mI0f��1)�#> �
Tk��ۣCأ�iŲ<� %>lm=�I@�V؂�m��ܘe��J��"ߕV�edfU4#_�V�����p8�ئ����8�nT2*��xF��)���lGF���۷�´��G+�s���)��o��u�p�o��A�$�Ӧ�G��s�lQ �{�il��G؍"F�2j;h�h����C�VX�P��Ծ�f�@a.	��@�b�cV+G�dcu:'��
(QQݘ�oZ��23/�̵�!"3a6�#_����9�-p턲�Vd��fr;9:��xe���8]Nt
��,RT�od�UV'o'�}�-�f�����{VCP@�Y��]ħӡ(N��P�Y�_us�fTⷰ9���-���F�g�m�q`,�NX�c�W��]�OnH��[q�>��-	�a�X��QH�����6;0c.�
]�.&t���0��7�
U��6��tp�j��=��]�ۣy�ٔ��9�n{�
涝�{��p�q���pg�]�1����Z9�'֊��Q� �R=
��r�=Ze\��6k�9{t.�{4��EFx���9�b�ʜ=:]6���(���B����\���r��ș1ቛھ��})�jN�	hb�=��,da�v��?ݰp�`�l�n�Se�Z��9��.� ��#l��v�p7�oa���
��㕅=��n>��{4�Z��vc`�	�]ܙ�����T]N��m��,[l⪁D���~������8���`Ä���_�pHe�F��E���Gvbv��l6�P\v�#
{Q���^�|.s��ro�>�-63�eL ?��ࢴû��m ���]��p��@��!y<W0�=�9���}1��mf�c�h���t�38<0��Ue@v(��0[�6\dN��&Ft-�y��jv�j4��dN�!��S�gb7�N��<(�
δ���� ����W�%���b��ن������oD�UQ`�.�9́�s`
ث����RN�Gl}B�|��5@�P3ta�m�w1�L؄ţ����+�ÀU��N�2ڣI�n���;U� 3�^T�;�����e�nr.�+��׌BN�-�WX ��](�q�߁����É���܀���(2��1=$�e����-�ܶG8��|2yV��-�>����ab��Y\HЈ[q;�0C�V`U�!2�"�:��-2�@a��he�` ��������sȓ'�A�8 T|~f��L�B*� -\��s���mb����9e>۾�l�V� /^f�̑:�����L�l�[u��t�ؤ[��6��8��k���ױ��cu���3���a(z���(����ze�S���Ȗ�,N��3�Q�v%L��v�` >��A��*������bq`���Z,8���.E���WQ\
N���܊��O�*��*C���H#�Yr�[��כ���eܦUZ�.�x�x� ý`����Oq��\+&�}]�=�fI��/S,mׇ]�,�Qu*v>�肋ҩ����eƙ��A�.�˪�s�9V7@J���w��̞0nV���s�V�p�'8@����6 ʩb&����="[ڠl�8��Y @.K�O�<Y�w����7����
���A`���]���̋�3O�[U�'հ7ia ��D7�pbT[,�����M�}N|���-�K�����B���yۿd����	���*c�n��N
�}�p��}&�#�Yw�^�0�G��#{<6�G	�tx���j��:�)0e�����q��ry�f7�0NU��X���^�����
Ymr��aq�<~��^)'Cb!\q�+�nN���(���Тx��] wK�v`�Da�Hn >7,��E����2,������X��c���Q����t�.l8�s�w��%۴���3�ᳪx'`��B8d<����Ȋ��w�܂qѶ�ӎ`i�G�s(�6��)��\r�V\V�3���U�p�@(���P<����Z�����H�>v��Gv���]�׮�A@xg����x�*{���W�>���t����ǋB(�	��0d����� 4����?]��:��@�Ni.Ec��`�� �.�¿� ��y�>����>5�Ù�*����Tܳ.��U�ږm~�;������2�y=��1@v$.�f�w�p�"V���D�ʾ��bx11�
��b���eS�e�@�&p�y|8-��ۄ�c������Ɋ�6k���n&ux]8�@����,���k��<6��%�k����T1(�9���*��;��#�F9�5���Sb۪ũ�x�N���k����~w��</�>\�6�S�Sl�����Vd�������IV�m?�T������#l�g��C�O����,�[�7@�K��/�d�ǯz!AG(��b�W�zBn�@���U}�:�To��,.��=(�wL��5��Y~�A���>,�v٣���IMأ��4�]p^g�6����|8~����D~�^�h ���݊C 7P�fsۂ�qB�pI�n��y���-���v�"�q����`0�"�`M @�=}
\t�ne����U�r���;^���{!�Q����M��/|�l(E��l��_J��
$�]o�=-�F�����C��E�=2�?�KJuy�=�9ʱ ���NЀ q@�D2
v QJ0�z-�����/l�����,9�^8N>�s��2��%Ǩ? Pp��2�E�2����,�_s�CA��a���"���=�?�^�s�1(�R`�^���z|8.N��/���ވ��#��
-k�/�=�d�\��~�}(ŵ��D*>������� �a����R�0���"��E�b��#D��!3w<!���攃���y�������-��Fnx�jT�����ri�kf�D��i�C �.~y�����]:O(���aV����E�����_US�����Wx����#s�SI�A��=���6����o�:}n��j8�l�6\�(8�N���Ѱ?�Y?"�kj�@?�2�@��=��^��yɔ�QMj^�B;� |Iq��}z:���D�0�U�*>��
�ۇ��`G��?�8�Sg�tPžT��gg.9B~�=�4��8b�S����B	#�	١S�Os�H9�4;��-{d�5U�U7�e�( (���c����l\մ@F����QH���7�C�
��]S�p�`�J �k8�	*nvV�2�!hl1�3�TU�3a�O�}l�]< �	�ve��yC�EӒZ������=��z�a63��H
�fv�BZۙ_�Ƕ��"�G�ӄú��������Pϡp�2ۣ��C�
أ�x�l��G]�km{��!��ۣ��6�<�Cp/7�H��bC�¬�P $�{�;C*Ǡ3�>~����
�Q�^���:R���=��C���4ǐ_���ә���OX����*������f��=����8Vs���m_Q�@+
�`�cOjC|n��v���iQw(�k@	?"@�@H���=��� �)l�J`�þ �c<
j!��i�`$��B�`@�h���kq_0��=nM��� �w��m�a�/��v;�謸���C�B�𘂏���-��o�]�(������D�J$�G��hدE��h4�����bOBuy}�S{��M��>oԋY�,	���Ca���W�� �=�X,�t�RQ�H��p������a�9p�G}9�����%��ra>�l��/��$�޸f����5�zp)�%��"@>wN7�Z΢Z��&Ș#��/���0d͡�\�A5����8I�lΗ�e}�l4 r'@w� y����|��|��?hS�^x�A�y
��Ԉ�#31o��=����6�^��\#B+GXM��>G:�1
���!��HB�&b8�!-uF �TdŜQ��sx}*�Р��8�W���
i1[�V*G�� ����Q 	��G��\.�
��-�*��^���^���Ǚ�]ed�T�>�G�e|>*Wtr:ݞ@ ����O�]<ja��D4��h��[M�s����b�D!�û��>?�_���p�Axp���8���D"I$�mV�~d�l�X�c }Y�y������)�b~�;�b$('�\"P��ܸ`}	+�t���D$�0�3��&�#.M�l�@�
�Bp^qQ@=5�'��$�	Vz��݉ �?�DqkG\o<� �H�x�'r����/% �p8q8!x*sG��؉��TB۽XQ"���k[b"�1��/,��3�]�`<��3��'sɱ����c	��瘀�avX(�xړH'��h4��Y�Q�<%�ػ7�|��0�A�Ў/C!��B1(��%c��h(���X.�)�e=���ˉ\(���	��]��p�@>��T0��&��b.g2�x'��� ��Y�#
wj>�wl �R\����%�<�˩DR�Et]�걒�G�d$�Ju��ߠ���� �̕��T��L�ڂ�D2�멶��}sO�����"S�Z&S��Ხ@��\�L�]�k��^ҵZ��(aLo� kp)�Z*�����-���/u��jj��t-����f�M*oҟ�E������c>D��9&�$�)&��)�?���P��F���ZrV�H4��ҙl��!�u�˙L(մ���}� '`�K�6;!l�8�Z$��9ř��K�з����5�#�1�/� (�p���|ڕb;�!�6�]�Sz:����4͏��҂8&A���
Z"���Uo��NBΑD4+i��L�(�H2�gu=Q����Dg2��>���x�h�p0�*�3��~�����tf�wB��i��)�,��S�y���uwx!���Ռ�g��l���$*�l,�ǒ�l-�M����j0�pȅ;.��C�Ņr�����������w�X��.]0��w)j������p��ռ���h8���L��7A~}iY[^o4,{�L2�L�/���{���_���%��l8���l��|>Ά=mEc�L0̦��`2�p%�e�y6�{t�I���3fƳ�H(���Q��quec	`E�p�1��BH$�=�|>�'"�|&�p�!l#�ʹ����<"��,��$���L8aN��2�-�h�J6�e9f�m��v��d2�@���3z*��zX�)�4�r�l$�aA�HH��Z0���I]���|\�y<�J%�g���O'��lVO�(�1=�)��hd*q�����WxNX4�K�j("i-��m �a�,n���m��a�]\&���F�%���	�׭D��0.7��lAO
�@!U/�l\/��E8�rGC��G����h� N"�H<�Ϣw!t00�\$�Dy�R���M��@�d�С(�R6�yPL�����B����mS�G��x<p���y]g{,���j��i���z�Q��|/�y-�J�B����p>�2=��R
0��}Ѭ7�� �q�[��B,�Ń�hܳ�7�1�SH� /��	8Vzo����w�J�\*-��3X��~ڗ�#�E,DD|�8�B$�R
����g��BZ�*�P=����� 9ES�v	�Do>W	*E%�� �:6_�X(��BL�A5�`,�¯�P:����d6��:;��|!��&sz=Z(dsPZ!����B��7ߙ��C�� ��@<����x�e��˱lX+�C���!�?�s�׻(���*A�Z<^��-��������=�|��I�K>��^T.�ʅT�\�+�3>���"qD�G0T�a��Y��Eb�X�T*�w����1&`/;����H�R�xS��n\��R]U��B<��S�T6(�ʋ��~�Ⱳ.)z�}сR��ɰ' �����d�䌒�2G9^��qa���

���j��H)RΗ3�L$�dBi���_}2j&�e�
�(Jjz<���s�/.è2����cf`1�rp��RI҉x���8C�X���$l0#�`'VBl���b)O+��c_�6��n��SK��B9���9b��x����y|�bg��١��9��c�� �4T���+'B	5���15KF  -���&�J:��������[��Y�z�J���)�ʥ��@�[�7��C�HQK&c�\2��G±|,�V8�psBax\*�:G�}�8�-_D�?�N�wå��Ǘ^^�s|Ig�Z/e;��Hg�Y����\�^_R��]$��D:����ϗ�.J�	F|i���ȕ�vvVK�z}Λg+d�I�})dZ"���.1.�.��>�7�]M���\:#��7��x"�驺�*zz���Rg��>�a�^���7)��z����Х�h�;u.RMT`�3љ�w�K�R��tj蛮��`5���|�8���b�P�ʤb�h!�	�����z��/;'�j���(B�\_>�hd��t�љ+ʱ�TI�J��3�,��:Gf�Oǈ�3�.x��F]gN�E��qIg=��LV�iߒN��T0�.�S	B(���X�����v��ugW���
PhW�_��2^=W1�M��	`TO�+^�Rj*9�?20Шv�;��B��L���*����;{����x�@�2٦����p��ճ8sxrdӋe��x#OE�BW�M�Ɔ�i�Z5@>���%�2e�#�<j�e}���譕{z����XooGo�\��[��[��#�|H��2�C�\`1���\O\��ROO����{�G��C.�x#ҹŋW��ő���|G�gI��4��]���L�������S�e{�<�R�֧zj=����"�ޯ��õ@9^��|o�#W.�B���{r�r��7`���G�����^��Ho�c#�@�Z����v��2�b�#_1��=��\-W�=�`����Z��U����j>��S���K��h�3ң3s5{r�	�b<Л�W��v5�ɥv\�ӛ��#��|`Y��l8���#�ápϢ�d�P���Q��z!�1l�������{��?�ד��?�-��|.��;�P���w4��p|d��������讍�{{�0�ގF�g���k�ʞ��Ƒ�m&��%��l��U�+W~�TO�T��כ�����d>Ok��@ 
��v�b��@4�����<�W��5�k�fLo6V4��;ڢfsU�وc�r4�����B%mi	�b)�T(sE�X��n6����_�%� �_e)�+/]z4.��� ���zip\Ӣ�}���V��Z38�\�,����Z��t��r �]3�=���wS7 
!�|��Z��S��f �	+]�tI�Y��R}�>Xhl07�k�6�sݹ�֝ně%�r_�}��E.7r�\�9�Q�T�z�3�zM�c�fg���<�00�l�9���8渕K�T����%���73Ql�c��`���Q�#"|;�P�TnhMH�*3����N��Em07��,k�86��X�������ts|Ip����ф�V4{��::�$���tK�\��,�y\�z)��u���%��哓K���������f��F���[48�l��];8Y�;�-�˹�z�R,�Tʕr.[�-U������|��Φ4-�l���J.�fU�L6O��%�ڑ˕d��H�k��B�D-ZTZ;:44��=:ύ�=:�=:Խxt츱Ѿd8�QK�j��j-�F��d6R��֪Ŋ�����t��>��E:� �Rmٲ7'��՘����S]ŗՊ�Eݵ�ŕ�Lr�hmC��LvW��J-�l4:�di�h�h?{�"D��T2�wG2��������jwmѢX,:11�B�;;T*�����h	1ҟ�O�/�Pr(ٝ�,.p���W��w��ڢ����7�jǏ.�[��?r8�ط��@�6���h,��M�t���GV��X(1s���hUD0��c.:V��GFk#s�vgG�\�֎�FFK��Fk��F9�V��>l{"�L$G�W�G��ãC@��������hw/:>���Zg)_��kծ2�����P�P�D�Pw<�[�z|hdt�g�gi��5�w	�b�{h��c�ͷ�edu��ơRgG��4�����j]��j����%��D�T���Htl�V�u�R��j��7Q8�ûXs�G��a=k,�X2�m��ꛜL'�ON�O��MNn��l�#��F��@Իн{���d���Z��{''��{�r00�\��}�L��r�T�����}}}����GGc�#�U����7T�m�$�'�*]����4t�EX�n���&'E��1E�'u}(�_hV��������~8�SSS�ɮda�2V��đɡ�Pe06TL�/"������P���fu`�E����@cqj�.�][&������-�lnۊ�j�xʆ��ޱ����򾦿����f�d'+�ܐ��]"��d���I@2Ȳ�6��g�������;6وm��8�	�6�mx:)}r����+����C�����'����hŊ���h��RZT�6��j�QlT��F��ѡ����d�x�q+ƖON.:����(&�ǆ������^~��ѓ�*ݝ���D��������ۨT:G�{G�h��1U��K����Fo5�mc����x�k�r�J�(��W!���'����J-ý��?7�ϸ�x��z�C&�i�i�i���ą�?��D*�ʧ���@��Z�O���b��m�Y������+:A��~sڐ����7�]'ӥtGz2�9=�1�]��(gȹrjΟ�b�l��[�k�Nϝ�� wQ����r��n�����}=�����s?ͽ�o���M�������j��f~x����x� ����dr��2�`�"q~��ީx�3���޿�x�~����s�����6�{��}��W��ݲ�����)�>���t����u|���k�#:�&��u�Of-((((���o��+�?r����W=w�����s7�?g�]��|������>wֳ�>���w��ٛ���3W?s�3�=s�z6���gN@����g�d��xz�������y��t��ŧ��#O���}����}���¾�xԾ����o���������o|�Ⱦ�}�}��Ծ���������n����ܿj��q�7������'�������w�Z���/���t]h�����C���>C7�H��Ԣ����
]F�����}�{�,}�^���?��t+�Kߧ�hm�+h�G���!=H���?�Dz����v:�~GW�c���d���.�S�:�Π��t-�Io���v�Ag�Yt��~I�wӻ�=�^:����<zN���e��>.]-I�A2J&z��!}B��t��)�'�K2K�J�OK��>+}N�V�N�Iv�!9���ӟ�/��/J7H7J7I7K_�n�n�n�n��,�!�H��Y�+�D�X�)�"�%}UrI��G�[rK��Jz��K^�'�#}M�K����7�oJߒ�Jߖ��F_�;����#}W�HQ)&ť�Iߧ����9�����RJҥH�J?����~$=(�����r�C���#ңҏ���n)/��T����'�8=CO�O�g�sz���~/�AzE�'�����G���_��J��.��פH���%uH�ld���`2���`3إ��ap\��6(��1x>�j�RM�4�!d"��!f����CʠKu�ː���!k�򆂡h(�4C�K�t'}��#�@����K���a���]C��o��Q����Ұt�t�t%�����"�B�����O3����j�;�.٭��3c ��h,�H���r�B�Tƫ��Y�jt/����_<0�}��<��e�'�X1���7�Z}��k�s�q����o9a�ʹe��O:��SO;������mo�q�����z�{�}���;����~��]��K/���W\�я]��?��k>E���g?w�u��_��ƛn��-�[o���w���}�W��ꞻ���׿��o���|�{����?���~��C�#�����<�=�ӟ�{��8�ãǬ^�d�98�����gQw���Y�V:ʥb!��f���+�X4������Q7���6��l2$�Ld�mJ��7͘���*�3�Q����M3)T-{}���&�-�����y�z�{/���T���Jj"��yp<��#�:|_6�Y�����>R|_!�e|�:�&B'��f�M���e眼sb�8���t�eƦ�
�r8���׌�پKҖH�àM�2�MS3����L83��s��ͬ>j��xT��W+3���̖ʌ�(���ef,c3V�L��]��Uٻ��=*m���ږٶyú��������h�~!t��ɽc�>|hkԸs"tJ��;w~85s�Q�mՙ�_�9f�e�v.�B�Sk�L�.\�nF��x����3\���Ԍ=3�9y穛����:�]�l$2|wk?E&R;׮��3K�����c�����w��¯o�Vv���Xw����|���B����k���J�Q���Ljk
���`O�L��i�����am��Q3۠�Sf�c�v��Wy��9�b�	�����<Wcɩ&�d+Y04���tt̔�l �1h<.�j�=���v5��Ր�������z/�3L[P�9��u�r��Dgi��c��a��o	�-�Ϸ,ߔ��)�+0c�/�OQ����f����y��>�&3u���R;7��vj��J������/�� �Ϙr�����ǯ�
�Ϝ[��8e�$�x��3F��_��QL�ݰ03ֹx.S�"���,j�Բu�d��w���[���^�Q";8lnO3�/���:�\;�`ؔ7L�=~�N��ږ�v�\�I-۹i��=��dRjf���u�u;�Ol�W���=�Dg�]��8Y�ihtWF��]��Ek�_w�
�����fqq�m]�+��uw��Ϣ���\ɅhJ©������w�/ZM�B���H����$ں�ЮS���3��EF�����q��WaSw�Z�ow�ɥ#����2]k|��E2��_K��㻅dn�5>�{b�1�yGM��R�nn����0>g��
�Dų���hyfvtt����\m<;�0>C@2�1>K�����Z���}�H%�:��i�@�Ɵ����~��#��o��$�oV�40�Ư���ƻ�_�k��n��A#;��ߏ���~�W�Lt��&:�r�;�L��&�:�Vq��V����W@;��D��ނ�Әo6���o��(����D�E��G}��(s~�\��ȹ�Ss�נD�ɹ���"�e�?>W>�x�w�\~�q�l"��$ОB�#�u�����w-�d���t��.��g�s�뽳zF�轻�p�:����{!��Br�%�Ν�sn�O�x.���>�Ϲ�Jݸ��`_TEJ!!��;�π�EzD�_ z�u\2�r,�������0��v/n,���D�z�x��p�q��������=�+�wZ�Nﶻ�vzw$�����q+��@~�,�"�q$�q�l�3y��Mt��������3�g6��%﷌Zm#���X�&:���R�&�v��v�jO���a�j��L�y�ˍƤ�ӸԸʸ�h���;k�F6��2�}��:�s���yƲ��e���9e�[�-�-�,�-�[��\g�_a��j����<�iT�)g�9�\�4'��u#��vd��t���Ÿ�)�	H����	�'PBIEz����QR�OA?�
j�(��Fڄ�}�ղ�2?����-H��"q����}���V�$�$�$��#��C4���(��#��υ��\�&$�hE��o汆o.�-I3%麒tEIn.i�A�^��������Lgf�̝Y<�Ӫ̪ܪ�LK3KsK�Ko0uf:s���L�L2�,&o0]���Z��J�ƕg�<o����=�Qo�<���+��H�O4܁�l��Y$#%A;��"��d2��4܎��Q{;�Bڈdƈ�^@�sm\�h�/n7��݈��6;нjd w#ҵHF�}�o��_w�����~�\��D}t~� w����q���O��#��a�q���A�Hۑ�@2�G<�x��v���+�rW I� ��Ǧ��l@�n���^,�RA����_V��\!h�\���H#h�JP}�9"�9"��K#2f�H'���T���o�2�����u�?t����6]�y\gW6�u2��t���agR�AR>.)�%�Y����iTЄ�Q�ҫw*�
ٿ&�J�I�m����E&�f�#��6�#��l�s�^�m~,�u��ŕ&�e6�Br$ �I:���?���!A�"�I�o���C�������0�S(��6�=�㮕������������ʻ�ꧨ"V��l��~l�r1���VNGv�l�<u�YN�x��(k�[)g`NVέ8��OG��=xb�£�y�=��l�Y�������b��lFl2N1E�2��(�D���Li��f3��,�;s/$���o��,)��K>�u��X!1{k�ѻY\�ɇ+{��]ɇ2_K~?�G:v6���ǆ�oU���$wA�3�k��J�Q9)y{F�ސA+T}m���t���59�g��|�٠3��cѼ��$��ykrYn����&v$2oO.Fu��ݷ&��{��:���d+�3��c��1��U:{�b=˺�z��(렵�Z���qk��ym����E�y��`#�Ok�p�lᷨ�YLLM�[505��0H6�Ό�8e�Z3*�x�hj��L_��k�������7��%IY�Ҍ�"x�k��@���(�?�&I��(��^x������ޭ4�%5�5؇~�93��9KCK�K<�����i�v��CC(>s�Ԛu3����4��_?5��_�w�f8sb�n�v�֯�[z��mGs������(m؎n�䌻��4w���[t[)��L����v��HGp'��wD���se��Z���se	�{hO�:��$EL��HL�N�r9t��ˮ�:�����[6grmv�SN���֋u$�`�b��`����>�O�����,������������4Ҧ�K�994s��Tj׶��~X�oڲ�d�7O�<���ٖO�ڼ��4o��͙�]�ub��][���g7o��l_����Ʀ^���k���o&;�'�n��7�S�|#�5�kM�Z7�(֚:zT�Z�n��F��*����aST_?T�/�cP�/z���c�N<�]�����#�n���&7�B4�zߠ�G�y�IE�'3J�8e|�;v�8���gw��uvHԝ�C����Y����Lsbfx��z��q�\[7�~��p�pf����k�w4�g����o�N6��L���<}m����6��k�ym�i�ٰ&�,��q�����?.�u��v ���8�cl�H���ە��Wɇ�A�FZ�d��>��<��L�AЏ!}i7����D�q^q}�N���]�i��A���v���v>�v�i���.�v�(p�%��~��!��5$��al���n[����C���YLvt�%u�Cbq�����8��C��!���I�q6AP2t�;x�ٜ�n�!��JJ"���Z�!����+Z�4�F����}�|�\"���t-e����C{��7��YMW�rz�� 7�Kz ���øx��/#M2�5�S�@o�i?^�S���<���ŭ�A������1�2�#�.��N|O*�D�.o�%���[O��YzQʶv�$�^"����J<�O��[����4m���s���[m�KL�L;[�� }����u$�����+���/H����l��MܥӘ�t8�����q�|�(OC�&ڌ���O%��enZ��kP{�j�0��htm���zH�	z��Sꁇs+����O��):��M��1�6�[꒺�CvX�c�v9� �U�iJZ���b��\?���oZ�l��L��������� �����UwO=3;9��8�;����%�]� +"  �""�k\� z�0� �d� �����;�;�=�y�v���gA����4�������˯���qRx>�q�y�X��{8�<B�����#��C~�"�>���+z&�l��qQa�PC.!S�By^�1���E�/8G�x�[�K�rỞ{��1�qo«�b�w �v�,n�a/M�^��h�a5��,| P��������}�W	BO�dc�<J�D29�;�����-�%�*X!�أ���������-�w�Vn5^�-w2�u�\�*�D)�t��<�T�'��B�W�!�k����\����q�d�v�>����"~��0L�.lSN�-Ƚ�3��9>Q ^qRB2��gJ�<įM�����HV��Q^�%1�͒��U�.��9@��]�O�
��V��a;</���)�eᖠU�����lz+n����=z��p�c�݁�zn�Zi��*p*�!<�x]�PU�P�q����{r��s$��]�[�{>���	=��()%e�i'b� ��&ܞBI�G^&o��e\�
J��(%ȵ���0��6��0��0��:�&�n���~ycs��`+�g��.|_�W�=���Ci��8M�Z�� :�6�1�ͦqk����Гt7=@��,\��t��{�{�{�{����|	����	�l�f�-�m�N���9�z��[�Q�W�U�S<�8�8�T(�1\�^���GEk�'����̩%o��B��~�z��ڄN�S�q�|�n�/�,�����������87���-�	�(�8�P��"w��F?�g�?x+��_B���Ӆ� ��]�+o�oNc��>��7�1�w3ws�s�NX����$����	ju'} o�3���A&����UX���Go�"�~=���cv��ƛ0����h-lC��>����'��Ac�-ܓ0��[;��1�~��;��L�'c�
��;:�;�8�Ub�s���,R(;���Ԁ�hm� �&�
� ��?�;�,�pB���Q���!)�B_'u���6��F*�A��(H��#��t�L����~R�yI���q[���FCh��SD��Z��-��Y�H�g���B�Ԋ���f�<z�ܫ�+��4��>�[�R�1�}���]��B�K� Z�v���P"�vy(�q�z��E˻�g.��J�Q#�'�J��y�@ލ鹹�2��ў�����ق�wI�.RE:��t�P�g�ƾ
/�?��@�=�|��(
�n� ���Cd�>�Ά�;{�%V�G)4��)r��6�;Fҹ�tg�`�=�'䒞'{��!sz��=L6)�=�'lBٽ��ES�o!�A�N6\�ߒ�������(�����Y��=F|���GB��	1l$��a�w��31�G�y)!C	�����x�^�����?⿌�@	!�����#���8>��[�"��J�?w��0};!�7R}����RWAH�-H�#�4��2����s	�x���Q����i�����	�؟�K�/-��exn^�Z��mLߌ���@|ga�s��s�!�*<�~!�5�,}����B�������Ӊ���۾yw�rB��}bt��W��#�ل�yj!�`_w>E�nlw�C��U!�LȾ,!����ۏ�ۏ�܏t�"��H�,�����U�ہ'��>�x� �q�9��;4	a�pq9\���=�m�sț�Z�"|Lȑ !GQ��!_@�����?!O���~i��B������~qx�¿D�+��]��}��G�`=!"^�5G���|jC������!�O 䋁����5ҭk&!����A��w����F~�A���G��vg��ا�(??`�~�6�c�ȃn|~n4�b�K�/=/��ی.+/� �AXC e�)	(}ԃ	hOХ���" �C��C&�$��0���̎������7X���-E�C��m�Wp<A�����t�%��4x����-������'h�0L@��x_q�'�k��vH�C��NEO(>N�����(I �8��#`҈G��4#��įR�PO��]�4�����3��[mҡ��@_�E_���{��H��  ���\�}k�F���=���H���"��4��ŀ�� �A��2y2�?�-��o	  �C�C_&0L�����6#$0�l¾_b@�㱘Ŏ���1����	S	LF�N)B��.E�LE�� ��s�}E��;�&3�˱~9�gf���\�x^���i6˃� �<�3ei6�=��t�h��\���W�C��þ���|��Ux�U��(��H��x܆�i�@�l�˫��Wc��Q~��B@Y^�Ϲ�_��/þ-Cz/þ.w!���#��܆���Ww!w#��Fy��t7��j���������ț��wk�� ��!>"��>>��F<�����������(/P~��Cy~�{�c??F����/lB9߄tل�l�67�n��6#7#/7��<��{e�Iԧ'��[�w[�-(_[�g[��[Q�B\�F<�F�e���g�g�gQW�E|e�Ylg'�|g+�s7�`�	{��{P�� ��b��Q��#}�#����8�Kq�"��`����s#�#c��Cz?��y�}y�>�9��|����ף��G��E�<��=����u�=�}y��y���H�瑷���/��/ �/<D�����/���B��>�/����P�շ��o#�������������y��=��=����6�c{�#�N�̝�{O >'P�O �'�����>B�~�t�x;��߰��!��v
m�'�����"]>EZ~���q�������)��r����×(�_c�ߠ.~���'��_�����#� ����vv�Q~��~ƾ����Q�~F���x��v�#-�#��Q^�цu#�r(w9ԭ���%�V�B�B�n"T��BUU߂p��zB�'56jJj~�P��Բ�0�#|�p���Vl�A��suf	uo$ԋ��Nh%48	�^BCg�a�6����y��W��Z�Fh�qB�vZ� 4� 4s=�U/Z���tZ�����a�����Ch_l��@B���PB�:�?���!�����j���������g	mB\�g!`�oCx�/����{�Љ�~�NF:\:�3Ϸ�s/{���q��X�4��@�iṰG��p���XI��"��G�pD�d��@�*�p���B��ypq�g��G�g�Guד���(O�OAD� O��c�%���L�����,�#:�/��O'Q���U5"I��.�3׏��UD*��<I�#�Yn�~���K-�+%=Ƴ�(�2���)��:�e2�&�HCW��Ey
�屲b<�\�2S���Y�+�;sb���F~AYcc��*]#G�p�O5��ӥ�l�歘�F���k<�?�|�����e{~��f�}i*ٞӻe��yE�b����U��:P��:��܊�cf4n��sp���#إ=z��7���\.�Is�G�U��[ݞ��s�;��϶t��w�����������;(����z�uשTe�5eŵ��܌j[eiI���Cd���PWW>���G�X^"��)�ߝ���;�s����&~�L���f�`7�f�]a2*E�ݧw(L:����5n�I��AM&��(E��A���n�����
z��5��+ ��V�+ j�۝�⒚�1ZU�vv�m8z���t�\ ���s{ן��J���>U$
�[�Rd_�fdF�0 A5jbg�A �d*(�6:�O�;[m��R�d�t�՝n6k�T(8#:50�	&����b�x��x�l˩�3g�!u��u)oݿT��og;����;�l�߿���b��+Ӗ`eВ���a� �9K���eۡA=�^:�R�d��iOܓ���KsOO[ c��y�Oc`b3�)Wˠ9�uL�F�0u}~�L�A��%�V��Tg�~i��ʪ�+Y}����ʔP�����U�̾�yMɒԲʕ�Z�ӊ���<k}>�r�O�ϕ�$U<&�|�����6kE����9,6�C7�{��:��`���{�=�턇�I�
��p�b����@A�H���6z��"����[�OV�Ն�,#zl��`��w}���W�NĴYHx�:���B��2�Lי�R���m�]bc⩮.,���j����dg%�;;ة`��g�w���L,��Ǌ bQ�
"�藧,�����^�F�*O�SE��b$�E3H��t���J5q<���b�����io��bK�f��b��VW��6;�c����S����0)�������2��/Ѯ���������x������J�=6f̜>����Ʀ?�����;捼꺬e�T���{w��9~Ǔׯ����������=l��5zG�]��@��yEq9Z��H���F$�Ѻrt�b�n��5��dk�b��x ���@Jw������� 7�����W��1�da�>�|��0V%W��"J�6^��窚�2ˤ2Z������5���5g�qSd��BC(�mi�ih�5�Y�ۅe<�e�)�\yʁj3�T,�b5��h}T�cv�cL�B�F��U^����b��)Ě�d������K�5�k��
/4İ�.��	,
�f/X��n/� g*��)�X�� �����۫�!d.�ݖ�`��1����w�|�����������w޿eI�-M�wN7�L�?�(p[��5���V65��
���Re�T*(���Ex��=�����+wN�Yz�a�>sfԞ#����l���Д'�]�̄ʪ��=$]=l��i��=�
�P�I_2y##N���P�nm�fp���!E���/w+�
��%�2l/�̙B)O���l���V\ѷ�bq�:��آ�W�X���i�B���R����_?Ǘ����JH{�%��,�ju9Fb�P���%{j�9u����␷l6Q[�"H�&�b���Q���!G!}y���?�nw�p�dq�c���*�ٹ����,�J��Ӝ�+�����:�:�r~���S�t���2a,}&oU��"�{��+~1
�����a�L6t���h[ �� �&���*�ʼ -�,j��U��J���ڮ`W�F.�L��~]���eQ�Ge���!Ʈ�
��[቉cw,�|�A���W��:��?�oz��͸�ڵ�dW����n�����'N�yˬ�K������ʨ�!�ª9cGs�u����X��_7ι��)��=w���eMY�-h���:��eu�˺�{6_7h��y�U�ٖK0�p�q�%�[c��ͮҲ�H�B����	�i-�cQ�~��ߥf!�����Wq�q�C�g��LF���"Y~⬯�gJK��aM�b�dR�{X$d\n8�^��XH�^kz�Doӭ4Q�:���`@��b5+@�Q0�2�����z��Ƚ򔬰V4ϴR$Ռ9��>J���5�@���֏��ߐ[9�X�TAς����־�޳���̐�!dj�H!_�*p�p"a! j"�_d�):��0�H@���ƾ�,eeU��Fr��ɽ��uF�#�f��uo��ws��`At��0�ww���0��6sm���t�uܭ�K���v�?�-�����`U���Pc�s��UVWN�QxŐX_�Xп`@��dP_w�A�ݣMsO��q���ˆ���s뀕C�9�z��n�S�͞M�{-�Zu��aj�����U��8��EޯѓxU�)��eׇ곰_
�3M�+	Y�ך�_W�nCC`dj�[#���G�:���H����g����9�]
��ޫF��BU����%&V(���2ݹ`^Q��wuX]���Z����
�6vIo;6��w��#��JEu����`i�[F�3#��(����+�K���;곖�>%â.O(UX�n�קj�u�E����AgD�I��W4�J��:���6���}%E�ʋk,)NT{�e��tE<5�&�y��f]���6������h����/��H�d��J�$P�|���"�]Hj�(ٍF����D�{-�F�F�
kj�}Z-i@xO��Xr��Ъ�!���s�Њ�;�)*�6z�
3�&�5�]�N��$��[� Z��}�%�BQ����)h��=g���LNw�{�+g�ӳ�,�m�u�b'c��d:����S�[�ǝ����*3�g�tZ��h�[;��5E��o�f�F��'z����2�B^$P��-�U���.08/f���Jm�\P^7����չm%�����@]�.|���;vc��N�v�R�
ޙU+ y�8G���
k`#:��^��3g����r�K��[�c��}��`-߃�B��X�I��$�TW��*��a��Y5Uߪ˫A;�?ַ�T��Y-IJr2��\�%%�.�s��C���L�����]0��)W@)���R��/��ʵq����;O���,,���l��0�b�ӛѰ���/gm����� <�2��=����"�9�k�*��.A���^�ʂQ2�]$&Ũk�m����1;m`q�
��l���=�_��.9���k1�	�p$�
�
-U(����ss
K���N��*��i�+\3���5�k� �
�h�A�,.�kE2�hɘ����LT6բ]v�U&�se���\<�������3^��նW-���"��u+�f����4�q�K�g�������ȝ�y��Eۡ���W��}��A}�
�@���R��hult�t��!9�r��F\	�D1
��
�ad���W�!�d ���)j��r� ������Q2U��+�k����i?H#p������0�#��zS�Z�����^Kj��M��X���h%# ��w0<h�����56�2�������E5>�Ro�r��}�+�LK��۰�>�#ݤthk�OߌC���
��f+T�+�)�*R�R~��R��<�b�b�#�?4m�n7�*�j������O�Ov���Sp[٧\��ڮuh���J������r�
=礂�����c�7GR��]C��Y.����Z��Q�A#^�J��|Y�K��gM�i���ޒ�da�;�H@
t���� 8�O�gz���it!]AWӣ�-�	�'UQ�� ���<�����L/$�]�-������s�j5U�����}r�^''8T�_���]N�}���Snx��"�ZԂ��q�JB�2���еQe���m���0����:�zx��R�7��f̟8�B�\�ú�7n�����﬙=�����j�r��n,j��g�<@4='w�j�,į��6�ikG����PXXS(eZ3oeNf~�(I�+��˞��,{���'яʾ
}�Sf��݉�H�����)He��^Nm`��^�8��fa�nQ_�8sHQ�������F�rr���P�������)�XJK���i���,�\�Hؘ9���{��K��jq���9}�A2w��c��x�Eb�]��Z�� �l��ʒ����+B�p0�y�5�b4.I�t��Xj�3@�.S�f�_�e�&?P|a���"ҎAm�ls�O6�Y�^'e�ɩa>�g#ez�8��S���'�?xCG۽��W^�:]���hѬ�.��с�Col}x?|��s��ܷ�|�u;n�20�-Q	
���M#j��F��[�f���lx �� rWC��})aӃ��KFN2B��J4����:���:=���Q�<�Y�*`��
�����?���I/���y7���t�!����Y�V�6r��{��\~�� ��Z�^�4rF�����+j��9T�
��/D6�P�̏	�݋�M�&Ya:ˊ�ޔKq#�0i_ְ)�1	�q܁}��_��,ؔ����s����w�G��1�5�}�0��'x��dߕ��
�
��]^e%����&�y��<�t�k��qn�zc�d�H� ��o��U�y9F*S �.�]n�t��ݰ;Z�%qp	i
��Y0�Q�A�G�0do�r#�c��q�pk��QA~�'ҍA�F$u@7�Tt�ؘؗ2�N���[ud�>u1C��>�2���b�E�A��H�E��.
�7ћ
�8�Р�0u����/4���	m^�e2Yʠ���iůb�^�e�4p�F��L�÷N�咫�-_Xvœ#F]�s�W^�Ծ��۳��uī�Vx��`f��ޭ+UR#��Iȋ�(�� 祢k�K4�nR�2�Ppp��_n���׫
�;N���,ڎ}L�cF���� Nv��ĕ�$��E��"*�m,:Y�9�tǟ�E�,)�dYc�hQZ����(�1�<��Ȧ:R��kK����­�2	�~�x�j����P�)��E�a��{	���f���AB:,��!��^�V��`�Y�bʘ#Ui`������������"k���׿q��#����y�o��N����b�9Q}�cZy��O�������Cs��v�m���u�~���9�mB-В����n��� ���
�HݟH�V�F�k�*='�I=��@�������%G8��^��T
��w�� �<�ۨ�S'��	G�!�/���o��0���z�β�S��^�A�Ů�||�i���^�U/+nnQ𽂋r�#p6
�a�2�g�~�����ў��
#c?�_r��j�L��(o�Pޜ$FҰ\:8S��?]_�^��v�:\�U魎M�'��u{\�c��/i^Ҿ��)�z�R�mz�+��F��p��V�Vb�C�`�������\2���cs�s�����%%קW�e��&�M���m�����Lk��6Ǟ�?����T_j��}i�2�eE�R��בZ�������B�˱�B(e;��ۨF��F�g�º��X$�R%�*[+7V���+Ç�u�u@��K�5v����o{�<&��Sg�:x`Y
yEq�2�x�5��+�3���h)3�G��"},/��� ISi^�{e��Gfl��b�J����z�n�0 &���|�卭O�2ێڑ�|~��eP�TZ2kVGey��滮�Sl�v��	�ݵh��y���վ��eӯ����74]y풦̜d��7�����Ck��5aʄ��A'��� �� ���	7�����-�/�\�Cu�E�V�.�}TB��;��R8�H{�����2I�dta#g�c�1h���c���Y ��h�9s�@kT(vrRak���|!0��$�Q�8��g��Mw��7�'Q�>5�mTm�_E�ʤ��QO,��3����&�Z�N&,B��Mc���lt�:o��{���	���M���N�]���ߘu��O^{��_~�M��/5��ɍ��~��k ��ۿ뎭����,��ƹ��M���t���^;��eݘ5��v�=���;9'{Ϋ�]�ƹ�?�(uhЍ�����F+��(��� �[�3r��;�V�J�-�N�����%���l�����e�ݖ��Z���m��z'�&�K�`�y�쪗�/��N�XE�n�C��*�r�%�Or`�oT�1��r�uƠ?�䂯������șw7b�O�|�Y��A����m������ �S��.����� '��K��0v���j�ġ��FU��$�>I&�e�ܻxl���U
�*�?V( O@q�C:q�wq��g �,�~�6�9y(�I4�B���'�$�54�m��T���[�� Ƣi��d#F�q��X��+T1U)L�i���|�'��dK{�����r�N���x�!Ǉ+�Y�-�����3���ޠ/�_&���N���r���*'@I�ߩPbG�	M�4��G��l�g/D�tH}�0� ����89I�P�"�q�H�8"���j%��$SU����L�Y���ީ�������-��6�Ķ(_}�U��cΌ������4bW�b����B«�c� �?XH2�^
YH���@,��)�A�����հ�� FH�i���%�粎!]�DZ�$��uS���F�!�~�F��2O���
�{@%��O>����t>C�ʕM�{a���"�ѩ=�s}�y$D���j�1E)njR��d�!Ք���^}�z�n��q�:����hㄠ����a������(YaK���v"c����
����X�r�'^0z����}Q���U�cR�$UBKQ=I�;��|dJ~���Pj{���g�1jo����S~�w�����Q��Q�C�%j��:��*$o��^��k�pU�r�{^�'yӍA�B�kS�r��|T}�s�ę�e��A/l��������h��� �n��ۗ�[�vL*:�);������{h�+�4&�Iym���`e�p7�O��ߤ�����o9�<���iv��,�)A$���Ɠ��'5o�n������Ls�A ����9�
:��I�ed9���T5�o��1��)ᵼ���1M�n���Kj���C� <���88F�+=�P�����;��*�`{��D�R.�Ti���k���O�.jp=p�ܒ�s�&���u�öX��TH
5���s��,|��̑��[{gі���2#�?'g����������t�|.;c�)��N�P/�����}�Ԑ����)����QEIL��QS4K`
1���dD�0/Q$y/Q�j�͏�x�n��p�<n�K��s���x�к�ax�H/RJ/�+���]������a#����и~=�-�h�Ϳ��|����Ԑ�v�.�d����C<���t�XҔCZ)�I��7[��V;��yʣ�6{��꽍T�9��qM��80��{7�������x��%l]\7%˽�mn�g?��so��g?�r�(�}�Y��#W_:`�|aĨ��>CJ�:�����O.�J��A����2?~���y��+�mn����A�l��?�?��Ck.�=w��{`N��A�X���fRCӤ�S7��?%\d_jE��!~��Ie�k�����>���~G�ψA���>��*��qF���%�6���UF�"���y��d��Z�o���?� ����"B9�L��hԋ���TXٟ4��n�ë�O�D+�nwjRF����]��ӁX��˗?m�O��;�ђ���x�q�q�8���l�(�/��k�-��-;�N�*c��i^�����a�A�þ��s��׍���x_�}d<!~m<-���d�Q�����Dm�~��H���y��[m���6U�UVS�ۺ�g���	��S�	�gY��d��J}~�&t2ᲰWҩD#g��T*�ʓ��%��)KS��|���o$C@24�3p�'�Vɾ��B�u�ؐI�/+�ΰ��z6��FJ:[�h:�^,v��c���ox�^Y��塓_^f_�2��\��u6�iȏ��᜖r[��=5�gFn�xg��-'j[�vyImb�����5��Ie4jt�~�O=���K�h�/�L=�t�2�!����H1��7H�)d�o%�ݷ2��������/]_����Ր��e�*Lo�<�>�:?���uY�����UuL*<��K�e�g�R��/S!�X������ѕ��ȇ�ϣJ>Q}��YnW���%����A�ᙉ0�9%���D"֍�)�ֺ�����u*W�U�LЗ�"��3�+(���ҷG�|�Vꤺ����\�ЪhU���(�v]�n�-�\_��Eq��6��tG�k��_G~�8'��~�:�n[0��`,SB*��.TXS���B��J��0a��hY�IʚĘ��Uʻ�lױ����;�{�`y/����<��<�3�/�ה���A�f��ȣ��ȟ�9����Mt<�Yx[��(,:�Dg4�R��2��l�xc������I�L���׏�B���(�����^Ε~�w]���3	]�%آ|�� ���))��t,��L8�����v��B�`��%�4$��i�bi.�i.�.LCJ(K��7�&�
�2@���z��<�h�-ZD�_L�	���'�p�R^��f����`E~F>*/|��#JS� �<����k��O>��H��ڽ�Qi:���׮������{?���3���=2���&��_���^q`|�*�����`I����G�Je�M���b;����Ҧ{�����`D[*�W���fӓ���}�7�3�7kU>�nள.��ŭ���[�����:��S�Pn2'$U�)�1{�� F#�������"�Y�q�j�=�g���,P�� *��Ϛ�oj0Q�KBT�`t��!��cXt��rfXܲH�=���v��i9�EC�7g���We��n�NuŴ1[T�V���S(�]_J�E��s�E�-`	�Dgn�w!��s���s���~�/����%]�nym�V�C�g����~u��]��
�r���̽�I6����-{��|���0��P���^Yd�[�� p�d�[�M�_|W��K
:�u����_��#�&s���)����G*�ߍ�������ӟ0�ԙ�و�S�d���I�,�s�������L�5TJa��-���p�.k�]�F�Ln��N'�6*�
;�X������r)bvV|Vf�/*W{A�<.��*Fb>�g��XxM�	�8'\ ?�E�iiO�V1�JE0�T'h+Q/��	��i@�Ǿ�o>w�G+&���ܟ��ru�:x57E�$�*w䯹Ϗ�3���N�e����)��*�A������pj�c{�P�d�j��MѦ\�Z��Pt(W�V����E���`X%1����_�V))��2H�_�VzD7�0��4�T\FJE6G�����j��}�����U*��6+G���I�a[_H�r[Kʶ��K�x�|�� F4�`�=����rc%WID�U��Qf��FdVE��U�����S�al�y�:Ö��Fv�t���w9ٵ���Ԛe�b�7D�O1��{g�1�
2H���t\�͎����i.o�~a �%��v(Z�(�Q��<f|�=1Q���sR�ל�:�*�]�q)�j�[��+�}:\�8���N����d�rۣvQ��k�ї��ޟ�l52����[�P�3�̂O��άR�j͎$���`���p-���Rs�?�Q�	m����C�y�Rj�ET����*���wۃ!2��)�
��;}~w,..IhT:^��j$����c$!&h�q:�Ǩͮ�'��B ��B����/\�P��Ф����^��dNd�dNB>��I�|�+sһ��(�yD�->%�]�m�ȼ�r0���^�u_�#�R��b01�!�h8l�/�M[�.���ߤ�F!>h�z����S�b�ƏB��Kv�b.2��s�Mã�	��N�#-,������MN0~Eo�z��H�4��2ꌻTt�N���Z����mΥEkk�;;����m��sT����ڪ���OV�:�6��*n�
���w�̸���g��`7F�#������"Q�!5�}:Fy�Ld���2���k��hn2Sf;W�{̼�g�0�=�G6�Y�����7���Ǩ�D^d��D�{lX��U��B��z�,�Y%s�<�ʸ$^�T�V2(V��h"^/�s
"Ơ���IY�)%�0b�Ї��R�F��7IhQޅ�:�B�Ȑ�b�=����A+'��0��[�wa�����>nّ\wg��w�����8�ꝣ�W�\����'��u��×-��X���q/��ͧ��B����(�>�!�e�W���;��������p9ϼ�PS����p���D�=g�2�D3ٞ�U3��gde,x�da�-�y��%��9-�
�/�E�$�%I�2��R�ЀP�9��/�D���2������Y��	�7��$�K:�f1����Xy��-���8����Cxː����%N��nO0��˂�A~w�`��ݚ`��w��at��p���7F
�#w��}�Z-+-�x�*�%D�|6���::R��4 ��!�C��C`Ƞh��9Ӛ������(%�Y�^D��Ơ�����M���4?���_t[��������9�6�%h�S):P6�hJR��é�1g�*����C�&����Ƚ�����8����X	�C��_ٌy���ٌ4KK�7���� 셃���D�38�4�J�w�`��w��!������6�fj��I��8ULJ�<��R��:T'U\�
R�fU����:�:��T<�L%K�*���v/Vr�W �ڂ��A.l��c��Aʘ29!�iT��E��Z6�y.�2���NХ��tHT�����SV?�\�㚞O9R(L���2�4˴:��f�U��x,*���JQ�R�	�IdsxD��MH�����i�:z�ד��Y�7V��a�`)�h�	��)��Z�ڠzV%U}��A��^2}%�d���sE?���d$��廃'c�ܩ9(ii�豗F]]-���u+bG����\:O�j�Zg�~�^�sl�W���)~�v����2�X|�|g�$���#�LO!.������R_��]Z���"MCh�N M�R�:��O`��^g`�-�:�9�W]E��*C�������������=����տ_�7k�3P*� ���v�hx�B�%l	���}�"���Aݤ������|�1��Nm
*iZ�/5���M�>�O�����crޡ�q_���;���;��z�-m�d*R�q� �O������w�#�4�|��A�Ě�������P8T�1w�O�2����\��]fD���-�*�J��y�`(�w'���ƾ�z��݂Q��~�;��Թ� !!�� ��FB��ԸT� ���g�A)Ҙ���@ٟ�P*m��j�)y��fsnw���H����ƶ�v�B!ĩ���=oH��|� mYZ#�$}��v�a��Y��T�4��Q�F�CC��4�:{Y�}�:��Ђ����
��ElA�<�t�»V�y���R�%����.�����Cb��=`�2���E&I�d��1ٿt �2����,�T9l�M���"�sr�X+��Z���.C-�3��c�Dvtl'�.IOί�ޑ���#�5馪j"-���-��	g�{fb�uuiKe�DV���#�2M�˒%~G�5P��]T��K��i�K������~��e�܈�D�!G޲K3s�-�A�4᳇1��5.8�ZW���~Ժ �!�E"B�@
M���tU�������BY�[JfV��S}m=٪ݦ�!��-�?�E�G��1����
�n>�����Kx�j�,*��F�����_�Ｕ:sF^��^�laƪX~1�.;�߆v��^+�HU����s_�'D�r
;k�Ā�����G~7�U��Dk��y,}�B������~kA�5y[�����W��F��np��Bc�R��B��d�B��*��� <�|���4|�����+R�S\��*5���RqG,�)B�n�I!�!u�ZG��2�P�T1�,'K˜�S��Jǭ����dsjcŎ�7�:�U|l��q������+�Ɋ��g���Pf�����s�K�/;^J��x/����!?
�]�P�lE0NR��qɠlAX�Φ[NN����~�dA�aO%IH"�v��i�j���T*�P�.����,���A�O��RT eM�Ec�hb#�岓F^��iˆY�N2��U�| Ŧ/.	�'TY��K<��5X^
�N���b��a�u��Z�r�ڳ=���k������d&:������J��*"�����>�6�r�Ԅ���0b,t�7p
:�#6O�9�},51l����%7����L`�dJ������ϯ��êsw������+��F�8</�Xe�j *5U��`�R��RK�e�e���P�%2�,�Y��_���a����̡�9���d�o�Z��R�՜��y��S�$r"��=&d�x!�`y�J\_(�&7TJ�`�?YH-�	k0�
��fr�/�`!��i��������Gǩ�ֿ���y���ٻ���Z��J��
ia�9�6;ͅ�@j�Md�y�b^H暗���p��_����O
,�L0�n��hL{����(2Gk�)��}(T���Uw����n��cTV=!͵f����Vg-�>'vik����ݏ{j�d�`�/=3�"-
U�7Qe��K�<$�6�/�8�d)r�&w�	�	R��}�}��畜Ⴈ�[�<��E�yvP�EM���/��rt��R��-ʭ��"-,Sv��J~�J� �5�P;���^��9����	�0/㯫�2����k�g�������a�Qb{�����w`*���uq�,1��TJ��(�%�l�D�����ZJ켵�����Q�ѳ�Dde����I~��l�1�*�9�<�u�t�描��o�ʻ��}���0�]�{'�zn��0����:��������n�������b9g)��Hv��u�ɲk�݋=�'����(�9�G&>r��0�p�ŲD�6Z�H�M�_o+�(ӾL��)�����-lI�k��F>��H|Qx��7�20S�[�����()�&�Ma+�E	��JUJ���DW�%��\�kXY�x0)�lG�Pv��xWV����� !d4���;b%�G��Ҳ,\�;Ȇ�~G��[�(6O�����<M~�J��a/Ԛ���G
�G4+����`w�!��5V<l�>4?�>|��,���AHq~��"X�Ա������W m�̳(�	OlT����7�g�׾�����E��c�sz˸t3�.wM��s�17��F�Z���a�F�hǤFX�V�
�P+�$F���A0Iy?p
L��,X���V�'��D�%��	*�>K�KI�-!rķ]�b�[ ē1*��+��-I�e-�`���A	)A�zQ�S�ޯ��a��M�N���ԣ����LvID=1�N��
G4����o��W�B�1b3�a��W��r�p�V9�R������bG{��w����X$�}���Z�����,��6��U��s���f��NX����{��-���{_�9��9�ͺ�p��+����yH����ro�������s;r�w�\���{sǲ�+sP$C��+�`b���3�[c/�_*�E�,���lV�S�:�!�`!]���W��,	-�������m�-�?v��'bUn�;#���l�'��ȳ�GKO��Y�S�7��9�ZV^WV���2�)RQ��~�1"ф�`n����%Z�DB
(��v�ʢ�M��������V%�F~���{2Y�G2V$�^5�F���R�I��
��*I�� m ���U U�U��2*Y�U2T�f�B6���V��U�l�������7#�bo*����ku�W�{�'�=
L�%�Y��t�]2"0׺�)P���V�C��r_�-'�P�â,T�&�H*P�rA�0�_�����kT~�
��v�&X�T ;L�~�W�M�Ft������W�A�U���$(Y�� P
srks���'zb#+e� ���7W?�����k�_xi��u��� ��&�a�57dc��n�������Vl��񅎞Oy�D�(9�����T�#� �Bq4Q��.���U5U.��OsLsNsMs+�` E�������ņ%�6_��-ٖZ��M۩�4�b�,��oI�f}Z��Wz�ތ��M��_�_XX���h�r�|)*�7ӷr�~h�8��DqB�b��ԝ�W���9�9ǹ&WLMO�L��Z5���i����0���)L�-2/����S�K>�ڒ<�x�������{��Q݉���l��m�}V۵UҮ���w�{�W�+`:�eQ�ǺP�C.V)@.r
5��c��H!�88��#����#p����ßh��7�����?'{�ySvʷ�7�w��}��������eD�]��6l�:B��h0y:#�nL<��v��j�Y��lJ"G�X�t0�x��i� U,�P�PJ����N�;�;_w2�)z���?Fr
�8���E�\��3��K�F�e��PE�X��-~-�jh1	4 �9�ێ���iHM���r��A�V3��}��緬��7���3M�ڝ(�Lʒ��������2ޔ�.�b���
fq{�=�b6'�x���GJ�4���a�\f��v�rY��Xj���d�h�[vԺ�"!��iX��ͬ3-���[�I�T+�� ̷���?^|�ݹ�o���޼J�XH&��n��{�ҍoݻ��\�����X"���wɮ�w��y������%�)����#wl�"���]�����%���X6:@d�?}��&zSxS�Zt-}m�ڈX��c�c_�|�{8(�(�N�&��Z��ҊC�M�ӆKB9����_n���4t���s!i�sR���E�>��*�D�D�E���t��yװ ����WR�:l:PO��`k��Z��s'���C�eX�xi�z��:`�Gʏ�b'԰�I�n�9t�b�����#eqE�\���K�σx��-��r!�p+?X�����tKg�v�u���V-g����o��n?J����^��IT[���Zo���������'ӝ�������Ci!�������[��K�������8�cm��`�#`��O�ɌMj�:ڟ�[Ý7�G:����)�$֚h`!E,��Vd�����!�؊A�3���N֫J������(��N>�N>�N>�ަ��\h���r�a�+�\���s��p�nYjD��3搌�V$gGyŅ;��1�b�	٭4�H��	�^�gʚ- �S�*cI�V�L����a���v@Y�7��t
󚏘�	�59�s�F�`�s��O�fY_!>��	x�ޫ���*�q�\� �}�7?������_hu��d516��꟎-��W��.=��@�Z�w�h���ࣴ�m;�E�6����=J{;$��UWfO��F%���JyEK�1/"҄f�EvUͰ�|����z�����b�Ӿ��3���
�c�|�;��ǹG�Ǆ�=�x��	Ǆ��w"�]��껁�!�ǸM��������Y7˗؇<���2�5<��*l�g1���%���3����d����qM�v���t��{�`�G�1Ĩl��ae��^ S��o�))�G	:�">8��SgvN��� `iȍ�����^ �:��E�/}�C�?���w�{��z�*{Ϡ�甇�=#�Qϸ��L���c_�A4%&����'�)�iq �z�;p����@i����#�lƀ�K����Zc����D�U�b㫇]59��W�p�ZZ�d�z���C��T�
%�0w@���Z徻4Y�6���V�������2J}�8+�2i�u\�����orG�\2)��|�o��B�j�D(Q��kLĄ���ͦ�N}`��tH*Y�J[D
\��Z� �YP�K�M���$�r��	�]sլx	 �R%1����xw��ji�4�n�����5�����L����*�%�Ba�eip-�Q�(���k;��
�Y�
\���&�&�&�&�f˭�[7w�n�o,��~V�L�����=_���W�?��}�/��+?*>.=ny<�h����GJO
O�G������j�0�W}�U���Wu����u�m�O�˅�ū$f��2�4���7�.,3� ��°%c1+�-�����fi�s:�/X�B��i�٠*
dki��}?�^8��4�R($J��rW$"R<FW�teJ�`F�⫤#�`����M�}2h���3�wYt����G�PD�eb���@��6�ԖK� ��P�ov��t&��|��Ȳ(
Ҽ��u�ovШv�A�$h4U(W����-#�d㍎Sb�[���,����i�
��4,�u�z��X�7E_�h��WNj��i���f�<��̩J	9���uĝsp�FƹkA��������<����`��8��d��zVz���j�SMW���5ѱ��&{ (�J�S�9�M<�W����#�\�L�'����V��y�=�ڛG��et�Ź�~W�V��b�{S�aNU�w|�sه��^�)_*�L��⟚��c�;S.�*�x(۵k6J�s[ٗ��X�ޏ������
Z��!��'��VR�UdS�^:E�E^�������Q><���'���T���d�S��pdw�J���9c� ���Wn�nv��6����@������c����?\x��L���3��{�_R^���T����+���S!���j���e���yJY-��b��rn	���}�<pb�}��n(�V�3���.�Y�b��ǽ��+Ҽ�.�D���C���l�����u������`^E0�Dx�To��Q}�f/�ŃV�*�����T��:�
j�W� ��U҅F�z_��!6��U-�O��UK=��B��������*��%����1'Œj���B,Z���yN����9
2�tTF�4��i�:�d4E���X��ѷ��I��k�ۦ�6��B���X�,ln�I3�!�I�&J���g�
�B��0���7��ھ`��ʶ��3X�	����ܶ�� �"��,s\����n�i\����-�e��5K����Ro-U����ao�-����Aofw<l!���V�Z���z�<逸�L���&g6�?�^�MXf應�g��5��0>3�����݃�N�r�G�#�0Q|Ǎ�f��y��P~�q��v�lD���G�"���2���y�jwYť�w�D����?6.8��hd��.�Ϲ]ܸ�/��ۙd�S7�������S%�4~�:�3��q"<��]p5���cD���!�B*���W��%�%��2����ۑڑ�Ƿ'��9?OSe������2�q�)2�$�%�L:�I����(_�6
�"3������3׷����8�pGf�}�<��M�Mz_�X�W�7����naw�AD�BM��(�))S5�h�`$��|>��1���і�ୌ��2BY���EDQ�hTI����m���c8�&�f�M�H<v�h�����-����.���`z4=��H�)�+O� i�P`*�u���v.�,ޜ���6EA��~�Zk�̍ �f)��T_�,�A��` @c(G�b�Q�(�V���Bh ����Z	� ���S�����	��@`�E�����E��i�P�=��ܝ�FJ��CA$����1�)����l�[�*�{�v��d2�O\�X��qI1��S��ł҉�C�9���^�
Tz��Bn��.v���TR]@-B�[�K���0꺋�]w=F=&?d{��B��S6�C���1��x�i�d7�$E��GI	,��eK�� �W��$�$�򁒫�Z�b\�N]A��D����v�x;Va�+�o�b�H�l��f���Y��t,�#s� 9�Q��8��)O�y�	�K�iFR�X��L���I���Tc��+\��.O*ĭ���6߸?ɾR���o���5�w-%Pgh��K1�"�)����`@�2��)�1 C�{���e�v��`�}bvs������\�BO�~a�5ݪ|����H��� r��`��=��#��h��[�ָF@����f���H���O n
1�%���*t�C*�9�V�C�!�T�]!�E�-*����Y�>���W��:��G+�A�A,b�A�>��6K�!jE�j�!o�#aH�$zDB�]�B
Q
ǦhF�c�/!� ϙ�#�_�s���?�Mp�>q���~�����b�ZRn����/���w5<�e5��b�Rdl~SK��-w�����V�h�d䮢x�{F7ڷv�J��v�bv17�����z�jt5}{gm
)V��h��
/'
�P���-1,C�$���ݘH7��m�tw�ei,<eH<�QW�W2���B�aS^X��)n#�5 �ff��8��A�>8�i��JDߎH�D��g��ōo4�q	��]5�E/�=L�X�?6�j��Q�&��`�n�FW�K�j9�/�fA2|A��X����xc�Z� 7���	|�<�=ʝ��2�xǯH��;��=嵾�rS��d쫯���j�w�������k��'��iٙf����c�53Y�:�>��1<A��-�-�h��v���J����!x���H�L�����UH+�#V��)�.*�f��Ր�E�F8k'�e�:�K#Y��.idT#GhJ2"��Y�4S��:̰Z#���K����;�Jx��&�ӯ�rǔ_��Ԡ���L���F�����ˌ�SwR;����S�ê�O���Y)��[�/����3�{¢lt�mZ!/�,���Yз��+-wJw�wXk��{�h}K���J1[�<��N+e�T�f,5+�b�U��Ѡ؍X�47YYk�aYKm��Eۦ1%m�Fk������o����G��]������p���tF�T��j�T���~]�30�:��_�רd49��H�F�T�O��%��`�����y�ЕF$X�u����¸�(:% (`�`��O�N��cc9�p�)��97�x����!���2��>�9gͤ�%W2V�9�L��/�,���9WOow/�K�,�|�Mo�����Sΰ+D�.G�Bm�y\-D��U+5��������E�v�HhZ*��4�1�%�}����y5G�ԁ��"�B���Z�n�$45��uK͇�@{�R����@+�Vƭ�[�l�J�o?g�U#`���{|s+0���[�F�q�0Ƀ���}���-�F�?ywÚz2E�R�ҁ�[.�Re�C�z�G���C_ί^��w�w�?}͂��7�O칢�-�W��Od����l���yn���������~~��t��3�9����K%�/L�"�+�˜�Ji$�H����
`C�xn��mp�ժ�(��\�';݆�s{�`R�Ćh�����L���r�ʋi���$�X��|	|��F8.�� G�_�� �p;��m���#0d���NB0�OC�x�����3��%�����=�����n=u#s{��}���(,P��N�\�B�g�ؠ�Rb��tD�B���ýc�b旰Z۠m�6ac��ꀍ�l�P��i�	�`����jI�`E3�b�����1��6Vw�j�6+A��_g,BJg":
�Z��kkH�[Q6�#�%��|Pojj��a�	DrdƆ�й�q���t�����s��hޝ��/�qϷZ�еP��
]�m���Z�f�����秿8���<�ե%>:����ή��;�lЍY�bC�1����Y��t�#ɕ��ޤC`���$!&����M�Ý:%��`��wn�~l� �q�|��Jr;�o/T�8|=�mG�\k�5�~��1�1$\��čS�C���ԿqRZ��k�B[�#�H�&m,��s�	��0��?�$z�H���m�d����H�������=�x�T\p��{gޠt�D1����2����x��bJL'i���9��b������#oR Q�k��j?�%�Ө����֒BbyG�Qj�:@A�	h������ �����)Q�<�/h[p����օ|����ۇOn'`���gf��}Rm���&|Y��0soAZ����������*b��r���S�]5NQZ����pl���|?t�Buu���5K(B�i�<���_}�C��ۑ�qZ���[ϻ��{.����.~ꇈ�Ud߻*UJyn�F�_��o}���?��3'YS�(U�W4a+U"�1Y^#@%� F����^B����� �t����x�}���ip�zҩ�QCRbT%&>�!��u.7��.�g�����Ԕ0^���4NH�j�ۋT|�[N���	��_��%4����w�Vg��a����p�:�/	U;�3��m�\�6<|�9���a�8J��ưdI�(r~�X)����}�/�/M��4^����ݓ[ǭ��$K��z�%�z�+�#��J�t�T��uJ�=��݂��~}�~�~�|�~�>IM�G��-)ѕ���BO8�E���4����ͣ|>�X��%f�A�P=#�q�~/�Nxi�;�A��L��%U~Aq���O��cP� }?2&�
���r�LR9VL'SbV�r,^e���ڹ�N�-�D��C�؀�(�*A�q�e4ٱ��W�VЄa�GƗ���c5����9��7X�4N���Jm>p��+���/�%��B(?x��KB����W��V_��?��h����9@��0��	�ы��JCPv�4�e=e&-��(&_>3Mh%t'DS�%�t
�eMC8�!8[ �'�Sg^!g��?l`;,B@�&���@&`��q���9f�@Q���4 7a���� V]8 0�0"@[V��� ��O	�� S �nw4����i1������!�=�(�?\|���p�Ӭk���8��-ڰ�q��p~=�ŴP�k�jQR�c��% ����5��J��K]�x��6i�b$^�D+�Y��?��~F�3�M���S�_ҿv�F9M�_ƥ�#�(~�=���K�S�t���� Ox�'˻���iut-�V��������w}K��<%>%�D��~�zZv�'D	'z;��� ���;Y7U�z�V]jM�������a=��?CU�3'0?�A��i,Uk��/"�"�OEo&Xsx�6�.�^/�=�v�C�߄H�Ž��"�����D< �!���vK��b�Z�C���+v�Μ�#;܉�ߥ}AdASr�*���� �l��,�2�c R�1'�DX�����6�H��1b(�z{!og��C<L �}�(Ě<F�z�5K�f5
5^`���0�A4�`��
���[��%�[�2�Rͣ�k~�Y��$��>"��x߹�xhB��d,e��mݺ{ӝ��矾��;:�����ѣ�⿬{������p�e7����_����<޷1�k���VSs�Y*G�M�N�*�v
D��b�h�"�D�v�*TA�*A}3����5d1���(ʑuL��A���Q3��t���2c2�i��)/¿c$3ؚ��AΡ�F8�'��,"��x�@D�jr���do����v{!�bA��
����f�zИ�~�����Yh]꿓���=��RaWl��&�I�k�ל
��c:��}K���C�m�PD�bD#�LF���g"�C�A���۳��Y� >�.zr/Vx������R[&�T�S��Á �O��TH��g����&:HkxC�ʄ�o��ڧ�'�ݟ���g媙֜��ys������ώ��g�f[jFt�ɴۛJzRIo&D�݉��XN,$�1;C8L����4���4` 0a����A����̾�͜�?xp�Sۯ��W����G���z�Y9��x[>��,��޴���o\X�Tcw�:�|���P��b��`�|��b�l|Z�~9u7C���M�7���v��_t���{Vo��scjt3T"��w�������/ڻ��_�}Q��{�;�;�����ӛOl~c������R����f�qyw=Hy���� �_�B�.�?J.�[ǓHM�}H�|(I&�֡5,��>�ܟ|.�$��מژ�AX�o�N��Ǟ�I�sH�O��cmb9Z�<,7���<��r���DõMD�D�qBV�����0���rɏ��~��,���ȵ��ǻd^�_�.����ϔ1���u�ZŔ��RF��{˓e��-[%��Z�_��³�0���?Rܤ�[b�Yk&�`DZ��f	f�����:3��ΜȰ;�iyep�?F�F}sy��y~��f85d�V6��~i1ZL�8�;t/rxG�/cb?u�φ�D�YA0�{�N������Qfz�A��B�Y�I�BZ|U~�d��gd�޴�it3���'����L���%����I%���rΙ%��+'IY�e��f�QW�1TdS�x|0��^���1�;=A?0�|=�G�Z>���\a\�q���з(Q�}�R�Ύ��J��V��������
͋���U:u>���y\=DV���rku�P[B��Bh��p_�G��X��˫�� ��g�C�҅!jM�B�Z�[2kW��V���G�����5 ?IR�NX�!�UE[ө'�f�j+&��t�����M����g+���,�<q��l�eR������k7�w��rv��G�Z�$��C�?;ox�5_���;WX�UaK%WC��[VW^����~�ܷ��C��<�;tA�ޡ��/�2�/?�N��N]`N��^���/l��ִ���eюh�z�M�|m��c�Ln:�ÿ�ژ,'��ZZ�zY��)&N�ks���&o�����	#��lk$@U+���8��iv R-�2
�X��.�k���b����(��Fq�=b�*�pw�5�)����d�jU�$��K��@0W�ر��T�γ`�*�@$�4��e�DhU��ة˙#Ǳ�xl�n���JV��b��/
�t�e�~e�re妥�5m_Zo������~�S���Ο�����+z{�\�0�f�8]�)L��̀���k�W��,7;���x�D/{�w��D/���`�H�(�H�l�9�8g[!I/o��ey<�����Q�W�ŁJ����n�<%��NE�k	iBFd�G�I�e���H%T,Q�#��;^�(�
JLMN��H�û�"��H�s���@m�Zsn�&svB��'���!Aa`�MK1C� �c8���
�\f�W��	3�����onVjj�hնO\0t��ј�1:e&���q�rOmq�Ｘ[sD�����f/�e������۠k!�R.@�tI�����M$\r�z�<S{�L?^	_,T������I�w[�X2b$�'��	sB�%H=%�|�������%�֢����CMt{��n�<E�Ms�oul[lf�m�0ÔsD�%Z;\�o�]X|����k�M��9�Q��x(�b�M'8#k�Ρ+����c�{z�u����4�(E�6�����3%)�|�� �6��d&>h������98`���_;^?n:+����H���hb"�/q*���m�*���B��>�-��6�$�Q�*A\��lو��"��#��V��5��FQmV����j�E��x�G��\k�����f�j�u�U&44�!��zBۧ��8�`��7���`�82G5nM1s^�ovv�/���n����?���g'��p�m�7���ާ���AI�B;rs�������Y}}r����ߑ��3�5���^�Yt�I�-Q�\Q�~��&�&x���W�	�&l�0l��{���;�Sp�_�)Q8E�S��M�Z3�2Yo�g
U�9V;��M���Z��{�.��@���M�{���AL���`n"�����������9& f��@:�Y�G�׹R�?�g��w
��BQV��c��	���o7?����s>_ _j�����脎:��N錮��ԙ�`�l��s?��7'I�M��O&�=���B2�u��ǃ��͌A���Ij�9	�Y�&�;�ɐ#B{���_�̵0s\Xޮ���L��?��c��}�7v�A��bZ�{z����������<?�	�>O�˹� D9)��b���<ׄ�\��?Y��N3g�L��� ��Ʋ�[F�c�L!�;]���x@j�x"0	�/z��-9�ؒ�@I�E(�DR��
rFٔ�$3�@dK)��aO�&�Bw��[������a�j#����	�'���B�lnzz��C�ɧ_�T�t;�T+>huԢ5Z����+}Q��LXt<�|P} :Y{R�k�Z`��Ź%z��͹-� -��������_d^t�M��q�Q�κV�����bǘ|�C,�튞�S�Z/�U��]���ٸ�mp���E�9�F �@�d�'y�h8]D���-N����{�_ìc�pC�Z�Z�w�Ñ��QZ��L#���U��n�"�7dޟ�Z�O7�b���� 4:�;�I�x�X�='�����u�avc�S�v�.��"�"U�m2-Ed�T���ti��^H�(�;	=���G�lXF�!��D]�M�YQ4���|S�]c�f���"���~M����V�����a�G������&5��5Tâ�(���R<@й�"/N��Hom
��d��O��c�̓���1�����sj���^�~xdP�0�(��$0�ު�a7���iM0'�n7�;&�>��vp��5���Y�A�h���J4�5/��x	.=h�Y�q�f#�8<ᬡ9��f���Ǭ�n�
���4]�ب5�dg�9i�귗[�X
}��Υm�~cA*�i��_\�(.�{,��;��}���_-T�Vw��u�8�׍�5V�ˉ�|]��Ɖ�^%N�/v!s�䒠3��<,a90��Ϸ�+/�|��Hh���@�f +��M_������ hW�ԙ�>E��ܳ�8�P�rAm>�Y�8d'���<k�3e�c`���5�]DJrg��)JhZ�L�a"pS��c5��B����~D��Д#�i�)�#Ʋ�h��ڼ
��m��!�7���&|����5���l�O�[�r|K/S(a�6/c��T�U&�hЊF���	�>�)+g=�#���{�����Ufb?#r�Ge�d��,i��ŀ=�2N��>�����0�C��%��L�_f�S�nr��6����$�ֹne�E���A��Ih,|�r����Y�:jq�Ť^�x`� 9n� � ���n�����V�����p�??�R�ˬ̑�s��\����Rz�b�H�fO.�C�`8��&�Iy�'���\�	-�5�r����z;�N���a�Cu���C��/��K����@�/Y�΀cJ���u���ZǬ[�/�Вy�П��Ȏp��a,X�N�_�����>�m�:�S�)9ҾH���Fk�__�"p��u��c��@�S'T=G�������5�?ǿ1]�{�� �=�=�t�L���l\	<W�0w�'{W���D�ٵ��,�(����u �z�V������[�"���R>��Sͯa���
��pb�^f��h�9��J���hS��z���1,m+��%�ۜو�Շ�l�<�����Ÿc̏�K�XY�P���2jٌH	�%�7��I歲E�YNX������!,}*�D���Q� L�����'[�%z�=h��@�c�U+WFW���WM���U�*z����U#���M�g�Ҧ�V2ʹ��Ӡ��4��V�,����U���"ĩ�{KgoKX�d<���B��h�'���c�H���9�}�����%Ī.�st��0G���ۅ���������s+�m�ymr�y�~׼�Of����kWҴ�oq�ce���򫻫k
���y�� �s�����nu�ڷn�yŊu}�5nZ�{���S��A��ѢQ]j�5V�s���X���4<����Dp�:tɗ�-y�JQ���)Y}��U	%+y��,Z#:�q 	E؊�Y���f�OBD/1�5��`�pz���ýT��&
�K��ĺ�%�s�% gM�t�k�Fc�&�Y*D'�@H���ut�`Z(d�f��)�Ht
��%V*��jI�X������ QL#�9�qI�K�����A��:��;"�"�"����_xɐW�!��Z����0��a�$B�E.�@L��l�Z��۰l�W5ګb�\��TG�U��"����ց*�z�J��<0]e¢7q���l6�X�&f#���p67o���r�ca��wv�'N���]�y���!�����"+��-��
'ڣ������Ndd*�diR�L����Ʒ�����j~�g�~�B�q���G��b{�-o0MĜ�sB@Z��/��N��-�7湌.�X�ɛ,v@D��G���3?X����ƎQ?��9V�O����Fx�Ƙ�d+Z��� �\`�}�9���A�ik�BX4��8g�t
C[,�섎�A�����EIR&g4C�L�ù�
	��q890`���V�Hp
�X"@�e#V�$AX �ET��H��G���/�K�¿�x�2Z*-�n�܉>+�q�:(D��*K�#&��EϏ�E���ݨd2���WcPd�	X�#�(;�`y�]�x�nX'��s6. ��0�[q �fŁ�7=a�,{"�.�h��g!�b�=3,p���Q��b)7����vp�&�C窠u������d(%'����֩0
��+�&��˦�(������)?�W��ŚƠ�HCZ��p�H���"�b�E��{�vcHjNy,�g-�8j,��Lf͉M�)I�}�u�M�M��Ե7����[����5�kϟ���>u�f��v������Χ��Ɂ��n{���}?<�����kc9�4��4U�ۚ���G��;�vh� ��ҙ���`�N��u�m��5Bw��Q�:�ɩ��<mN=eX��QLڻ�x���$�Pa
a��Kn3��~$,wZy��G�ێR�g>|
 �S�$!j�<���[��.���z�F�k:>*�������X�n�H��bRFt6��D3�'P�)y@kMY�lV�8ٻ�h^�>oE~s��5�����;ć��ſJ��]C��*�1�D&�U]X�������U:N�c��j!��2[T��	-�=�5{gGT���y\�/3�;:MLxA]�����pO3ē���A@/QfHZ���,���X�3��S�饪`���5UNV�N�lx�%u��R��f��G� �$�<g'�'p�n	0]�9>	�$����thH-ٻ�3o�{���ݙN_mEC���]%ђ�"�?�f��/66�K	�6�ʎ�]w�/g��qo_��ⵖ��̥Ce;����x���8���h*�)6����0�C�l�r EHe�C�d{�*i��v�IHdf���C�`&rT�$�/�Ӧ�l(B�wD�xR�C�E��p�A�>Wy�&k�t�Hh��0�0p"��ȭk��m����+��@9Vo�ͭV��[ݾ4��1��6�o�mS.\��~��=�+�=�+wg��s_u|)��ȗb_i�Z�Q�Áo���;��>������}�k��'���u}��e�tAX�Bm�k����(d<V<����T4j�+QQ4��4��#�D�'աx=�s��=�0	�Y�o�NB]����9QF�(�3�Y�G�Uw\Kd\��/�S^%�q��Bٲ�B,������Ω���O�ѓ��{gk�_�3�j]���ް[�|��;��?���������G�}��y3�?�bcg(�T,5,�^���?y%u=��-��b~���NwQ�ǘ>�!+��j�J��G}�4N�Z5U���o�%�F[i�����<JD�(�xɁHa4�����`g_�ޖޕf�A�2�Xw��E*/��Qwo.���n�vI��/���N	�t��?	���E �:$�*m�αp*�H���Y2hl�ꛣ��t���4+�hK;��#��]�tZHE�)���t�
b�q�D(VdbJ��<��v�N9�hTG���NS��5�i����#ه�f �:����c�2�c3��f�/5��4��;�8=ݭ����;�H���o��;z�V��S(�l��o���e�D�2�0����t�"w��Ʋ�i,�%�D��l�y!�0�l=s�����҄�t��.�3_)"�R�Ĵ��1G��8��v�����v�X5ǡ��C\��j�����"(��h$0�����2P	����l ,���q�&'=�1GZd۽�����y���C�r�r4�lF���:�T-���F ������v�ŤUh���&�<f�� nv�ر�r�d]53a�Rޟ�U�hXj��������R*�%8Y�3rv�k�k��wtM!�؍��Ol?�KK�K��į�o�o��L������p�����h/����ƃ�=��E����ʇ��Km?��!��VCް?��/�/?���7aQs�L~y~uז���7��?����fȚ;"ԳtEQ�L��;H=[�B�ٮE��#�h )�9���;�T5�YXG�4\��*��;(
^j�S~�	no	^,�S!B���f�۰�:Јc�1�`S����bTDb~2�FH<9�t�i�S�HbE9��Q�f!
�L�JX�<x�.�D�<M�h'�����R��������,��{Cf�ᱏ����f�|Q�l*7d֖�d���䅨3B|VQ0�&%d�jvн����{�{�2��#��6�I4IO2��l���Dp"tۗ�+)E��d�l4,�x)qO��ăynx�fgF�פ����F�%h��_��P�,RͪDԺ]�$�k���fXs�l�P��U�7�!T�k9T�*�	���U8��p��5F��߱�N�����I��M���2s����ى�}�V>����j%M%�sK	���'/^�^�n��O��q�u1�����v�k��Px���U]NE�2�/�{��Bo&[\r�7v��h�g?wam�%}�ۿ�s�5L��g�D���SA4ۊ *�aa�B�X���q!�E�.��\�h)W˯�wa����y���B�0�x��fO/�k��ZYx���g���gN?^O"N�:~��{bԂ,� �\�F�܈���A��%�8�pĘ�.ȹL�O��?W���r�Cs�)$�>{bxxZ9�n�4��<J��Xk[�����w����w���_��=�ںڶź����5����G�+wpb<���2e�F��
7�}��:��.wJY���1�,���t�B�e��{Ѕ�]�pM�N��p�з��T���ç�!0�4d�Ξ4=yx�I�Y�A:3g/���$uy�N"S�t�+���d&�导ҕ��w�����?�s}��e�o�������f.��k�e�U1��KS�g�Ϝdf���$]nB�7Ml�bS,�虦G�)鑦�yҌ�����J�j�Ԗ.�;�Iؐ�h��v-�[t�Ƈ�v� ��O��)�T�D��"���ЌR+�j��A0SQ��͞H��U�KZ�2�l���WL�X��X��UTQL��t��
�T���!j+J:�T5��k��+�����wP�0A˃$��ҠU�i��l���ӗF��\@t��3�:�L��4"�Bݒ�Sh�ᒩd�$x�l�-�I��S���(�D/#�9�H��k�E���c��6�]��>*��</�P��5q%� ����! ���rB��*�Pk"Ra��3�Zp��6�kB����e��7��7��p�m�Vmχz����z��+j���f5I��~0~��g����A��}p|�{%-\�C'�c�atèN?ߪ�'Q�'�h;��f~�A3�[/a�P:gS��d)(JR[�gq���;���Ty��`��IG��ϝ�o��^;���:CR����~�O&)��������q�M�9u5��~=�'��>&�,�I�E�"�����W���<�l{�zT|H����G����ˇ�#�����~��'��}(LJ��Ę�TH��0�H�l�,1�t�l�q�u:Ik�P��v5���Q�6��;�{ۤ>�"W�Z�E~:�j@�[ޣ��3=�R�vi
�J���wy)��5��lV�		I�=Q�9��H�R��D��E�B�=m��"'�I���K��wJA b��K�ģ��0���7�0�NI�~jEj����*4G�UJ����z�҆��̷������U�a�+���"0��	���ӁhǴ����������(�w��V��7kP>%�^[����VJX ,�,���,�j����4���]Ԫ*�r���f�+R���9��P:���+>��VA��;j<�m�f��N�dJ��<m��%�%�d�����u�I���I�Ɩ<s��-�X�i��`�SRJ�L2�;x �z�T2kԵ
Ե�z)�=���Q)�Z#f�\k)��2��;�(OݘDIˍ���W���X�дK��x�u%?f�㐷|B%e@B��7�Lg2����F�o'�μ�|?c���丗��J�X�n����`\)�r*�ʧj�u�G|�h��DK�'ѓ^M�D��e�����̪��¸2����ݙ���������3�����sŗ�/e~��u�D1Jq��{X���R��V}��A�"a�vQv�e�r��ǿ'~w���xѷ[�˷;�ؤ!�I�N���ɤ����Q�x,�S�|�r���#�D�Zד88uf�ahɄ.
�$$�w6��АL�E�-��N����t�r2�H�5�[���T܏�u�2�Ϡw1EлOF��	[
eǲ	悊�x��aQy|FR�t��D�����f��E��q��u�'MS�g�5�1��A?��G��_�����%���#�#��ћ�"�g�B�(�p�!�������Bѻ�����4Fs�S�Ne�x���y?>5�O ��,��c���5����Y!;R8+5̀G���=����M��C<�wk'X��e��
��Q b�����S�:[���,�Cȁ8w�]�b���H��1]i�O�`�$PL a�t"3$�m�М:�%��'<�*왔�Y(��4�F��4�Q�1��c6|셊����CK#n����t�6d?��[�/��o½�����P4?�'����>;T��)q�g���n���I���C/�=��˺l��-E1����sSf��d��b�T	�b\
�!�T!�4	M�dVm�Ys��HF{m{�{��S�+�X^��&��.�QL�IK�:&�hy�S����b��+ugo���U�}�,����őe����o�}r��Fa�e��˹˻��EaR�t>�=���9��p:�Q%��r�Wꓕ�uҦ���V,b���^�rS	����&�T�!R�k�b_�E�J�f�O�h����)��>�7]�Te��ڥ���T�Z�&սޒ9�X,�Z�;��)%��w����8����b����l6�5����*�r���B��tW�I�7�.wY�]]V��5���J'���RJ�kE�:B(�_�T�π��	\��P���e+1���E�br
ٟ���tժT���S~������.J@W�Ә<Iu��g���G�z2v|�Y��4D���`}�Ľ����}�ț�(Ql���~&���Β��rr��I�a��a<��M�wqO�~{�n�ҿ��1h���܈xԜc�;i�.Z0N������+��Ty@I�Bκ�*�`��xC#u4}�:>MJ�vC�D�f3�کÎZRw Ç�� �Ü�Іw��X'R:,N<��`^+�f�4E������ċ�Pk��9�7<0P�٨�
=`�8e�<�n�S˔ݵ,^��b/�ż���ċ��	�e�:^�9A������6�9;jB̉���:��嚴0��gO�9A�?�[�+���PwG�c�Γk����˸�ޅ�B�W�`j��w�_x&L!�֩�]u�eO�%�m��Ԏ&�p�}��c�6;�4�Hp��'�|x]D�43�1e�<�;��i���nN�tk�����$](�}�&]����9�R&r3�w�z��p�d5)ED�Qa����uR*&�[�7nwEU��
=��z!������b��g����)��ST zYi��}[��@{�Y�U)z�v����Ӓĩ�_H9w %%�D ��E�j5�D�J�J��E��U�����'7o�����B}E�r�K�g����X&�����2"����|gS�O��?(��n|@>�#�}����XY��֏%1��IP;��t)^;*>_��Bp��^�O��tT����;aj�-#�!"�{�	�:��ݒG�|=O��]�� l��[urx�����P%`�*�j�d�9�skq���γD���3��!�?��D��$3�&ۃ̊�V�mO�{��S�r�=��$����[�S��2rdIb�q��+�.��pzQ��g6�Jֵ����'�{a����?4I?-ƭ�՜��C�=f�T���Iv�6i��b�I��n�utR�&���.�%�E����	�������s���C��Gse+�Ёnp�-�m�Q�e�>��$Y��ך�%�=E�D���0:9���v�#��n�a�:���������6+�lq GѲ�z>e�Xz��gPq?VqІ�6�6jcl����[�c|֢�Jш�{}_7Y�#<UEa����'��0-ɬ�U����Xw۽󘆔,�����O�尒F���	C�T�)�	`��À��b������f��}���Ǝ�Н8��X�ݷ{p�A�[��g�,U��&����=�Ŗ_�G��X�+�fx��} ]p�
�bA��L�?޹�����~%��PS�e����ic���h��̬U�e��[]7�|�r�6ɲE�\�vRW!W�;�6�7�Є�X�����՞��K�ݺǜ�a��y�FI,l_��-D�6��i̬��<{��,3f�J��a�+�d���a��H�d�(2c�3��yqǵ��(���?^��މ/>޸:��ݞ��U��g��-�~�ݿ��C�V�{~��߯Tp����܅����iRu�a��k��vO�	�����1$��0M��T�is�D��~E�u���Ĩe�;aB1C"�rƝ��p�{JX
R��������goGq����s��H���Ssi$�4��:l˒o[���|a�66�,.c�B��n���1YH $dC �@�M ��$��I�� 3��zf$�!�~�����������^��{ӯ�B�8(A��b�*�
oG��'6Q�t�CߖA�LO��!�&�&dߥ�;R����z�����˯)u�$�8Ŋ(��Rws��D7�e�$4MRu��U��J�؃8��]�6����*������={���������S�+�y�2ѓ�6�6)fUVlP�_Մ3��:�D�(W���g�]�Jm�< �@��<D ��b8-A�D�A�4�������������S��@�T%�p��~�	E��W�����m]��n�Hl�;m�j�حد�\}�~e�}���KDy��Q�@�����V�9���w%�e���� T��p�	���0�N�Ј��Lf�zOL\�p4 3��ݤ6�lRz��T�ɐ�K;Y����	5~g �y+�p��܋F��^�	/:�}�����K�v�')s��4��C 0�D,�V@��=���^	��� ?�ղ��
��j��H�z�ֻ�.8�����A.��~�Vm����|G!G�@�d�~w���J��Htv�U=a�Ʈ)w��,�Rj�*�^$���e��zgR+�T�r�9����[��e7�+u:�t�6 l���
m�m���H ΡcS���Z"��%4��&�F
�ʛB�z�d��Sꯝ��;�	ތԝ�t�t���v������щ:�cş���霸��-���4N\��� ��F�G�t��_�~�w����9�9&�Ϝ��.y/A3�u�~��Oy��'���6�(g�[ZQk��&�=�J;)�"��%��յ�G:]x���.t����+��	t�)�������Q�	��$}(�mqe����"u���#�#vƮ�.*��sJ剺k'��J����e���G�ь�~/\�1y�)O���½��+��r"i����l8�&��x��?-sݷ��`���"��eQ�X�6���� ���I�����Ch��A�C}�x����c ���G6l#CN���r� R�Yx�r�{߸D�i<�8�x߁� ���������]�����B_�6�v���6�/�Ӧp�В���ns*��u@�F�w�݄��
����:�Y@�BN���*S~��ډ�3����q�&�L����,���6(��MԾ<C��x����~�ix0���'�dݙu���D�p<\���a6��t���+Z�΃
o��B�=�����~��n
�2A��7p�Wre�@XԜ����֕?�_Xk�D�w�s�V�8�BxBD�#�&b��	W�\񍔯���J�^����8����J��a��Y�)W ��)aUi1~����DFo�k�;�{ݘmii��y��EЄ�A�,b���"��@K�8Y2���$�&��a�pp�<��V�E� �y�}KE�u�$0�<a��|ۃ�G'����u������������_�o��Sm7�>6�P�O�`%��L�Y��Q�;;u�h4qɽL�!��pmk�\s�b�-��@Ndʶ�Bbi7�ݲBm4%��#� M&|����~�d�e��H6j�p��������uu�c]���p�P �K���������5�7�u@Fd��Inyμ2;j9by���ڗ�p�;@��' 6П��TL?*9"yA������̔`�>^�"e���&�Le&h�A���t,))�r4"�R��6�g�jsр��.�D��r����S'G�n�uh�m�����S�GOͣ�o[2t+y�[Jw�����,���"q}�vG���Ug���������������x����N��ν���V#uH��&�袱Z�^���A�X��vuNjUp&� &s;�ͨKD����.֋�i��`͈1�O�Ix5"�H<5�;P�Ȭq
o��x"����D�D
K�^oU4��|J�^�;��f:3�7N5��}D�,N �V��w�P(�We!�I9�E�NpԨ溸S�|-�ϋ��2ϒ���W[�R��^��^�v��2ဠ�
'���s��[�+�:ץ�q��&�1
&�l��������]u����v=<ۓ�ڎC���=���&��V�(.�|�����lI�^�cu~���f���>;s�ƻK{�2pwic4�m��|Ƽ�U��SHS�FFа|�ʧg�LZ������5���{��*�j�'������u�#V(��� �w�vܪP���:���[���r����X��<^B::\t*����c��OK�k��L&��!g�����]y@����8�N;��lk.��?<�XX�X��20{�x�9oi%�D���q�"i��hl�`�W?/�������h��'-	����IH���ϵ�N����D|b��u_{j��@>�jM�6�f�ɎY�N4��;%Z�D�N�b��s:zk�m�%�L�M��K���J���@��ZNq;	VN�W��h��3Ӻ�����c��I����lO�i�v�D�w��,��S@+}�I��̤��L�W���l�u�)~��'��q�V�N�]c��Xչ�ˁ�L�cI�&dE���(�9�����6�E&������"Qi�1d�&�Vg=3.=������J��d����i��A��������������H������z�w�g�E����	��~��^I8�,���r��Y�C��1���z�;{�Ͼ������=�=���a��|{��ġ�e�����|oGo��/D�m�xg|V����v���z�R���>i�f���{>d.����԰�{֢��l��_��=���^��gf{��@�g{A/�lv{n>�ϟ�::r�|�Y�|��|L������G�՟�2
,�m�5q��-�p/p�s׼&ܐ��s��:x	kA+z��ړ���\t�+�Kg1=b%Gf`-�Qw9�]G�^�b�^]��l�!���4!	���CBBrS5%�d��	XpYB&!�0w94�U�*R<�l�2ϔ���)h�����9a`n�V(g��7t4>�c�~��劈٦T漢�7���m��<�c����Q[���k퉛_�Lm��!o�����E����w�=�g�����|&}0���u�ݷu�U��L�i����E�T<PӦ���ִ���Xv��ً���.���y��Lbhw�=�iB��M�!�s��_<8��$�=)��t[�Thv�	Kt}b��	ׯy��5k���Ќ..u��ؙ@�"(C?�ej-sH�X�c�a��D�%2��ރ^��@�&�l�N?s'��Bf����.�ǩU�?&��/�N��;j�¿RJ��\�s���o�7}��G��z�3:���7v-_A�Iܗ�����4������?:`Ynٛ~��M���^�-;r(aM� `V�愙�!f�u`�K�rؽ��&���'yHx�q��J��&�'樧���D�9��W�Im�^o�76y8�Ҝ�O�3��D@�����5~q�xAp���2az���UvH˦sް�"�����Z ed�Z�7{k��4FjaN���i9Y�,�Z6j+�O��-{;Q^OeZQF�n�����h
;�*�\�*IV� �;�2=��?eW�yיC׆=�0éTּ?����]�v����Ѹ}�5�g�]7=
����J�-oE���,�*����߾(m���=;F_��/�!z�oٷ�����nD��O�yYc=YRd	�%J�絕E�h�AfV�}e�qI�H�k���HP����UR�ĳ7�Ĭ;�F�,��h�}�f�	hL�,�F��8�ė�����?�����?�c4�w�ۏ:�f�G3G�%`"��D�F�?�P�88G���r"�Ų�|!3tG�X���K,ɀ4���8}o}�#�`����hF6�Fat����a�q��z{��`�r�z&��1s����[����y�'��k�^�P�����]r(��[���3	ε�-��Ж�-�.ѽ�p9$�¦'m�W�ȗ�/>$���Tr��Y��.Kt�:{�o���Z�3
ѨVo��;{]��P��/ vX� �$�d�R��#|���f�z�a�2��ׁ��@E>_9C+� �3��l�-pr�&-a^���P�j��� �^ˤ�m&�<�S��H;7tk�@?�u�l%�����^~����X���^��N<V��s����O�̳ϕ~P�)��������W�s��~9��v��K$",�FǷ_۴y�/Ʈ?[z��X���ᜱsp�ٖ�Ko<�t�G��k=���mC3��K�f�r����Y�t���>$��0YJ���ffoT|�w��w�v�iw|wrg��N�Gsk��ks�#���;�~qbw���e���w����T�^��.�3��H{׀Fu��1��4��y���g�K����B�I	;)�&�gY�A@��a��a��UY{6�-d�쇄�0/0�01���
ʆ��H>�>睊�(,�{u�V����P����5A��LEX�:�J�QV����u_�>W9��t��0��!�LCD�t�@%�O-�W�8��{��q�h�.p��W�y�t����A�/c-�,r�Q�����~������?}�Q�?C|���[ŚZ*�!��4QM�>�w��C�k�[�[-ۢ;c{̷G��=}:&���-�1�i�f�Is��������u�c�Y�1����1(9�jy������ڽB!�Z�O8�x�=+�ɿ��@
|��y�]q�K�Z�����:̖�������yz��>_�t~���l�`C�\��DZ���h���F��Q`n�=XS�v��Z!@у�b0v�b�k5"qK>vty$RQ�C�gZ�@�>/�k�� 24e��;�!p��<R���s�N�s�x��"����	
"L���]_QЕ���UI�_N���R)h��|��J�r�8eZv��I����i�lE�Lel/�0%��iP"Ce?����O~�S&�~ntI篘h/��枹l@�bVC�@SΫ����4u�7�j�~O�G9�Vȱ3��V�ּ(�x���Y��F�5��B}���b<h���*nD�Ju�A�ǣM��23`r>�c@!�^#����!aJrO�ۑ��M|x�" ��ƇʞЭC��/\kiN=8Hy��Y�����E���`�<�ʬ�߭�Z��� g��'���}	�ܡ�6�a��v"�����P�>C}Tȧ1/S�Q�2⢅B4���
|$��F>Z�W�ҷ�����`������0Ͷ2��v���cXb +�"'�b�D�e*�+URҨ%
��q
��r:s(W �B���Nw���b�l��,FH�ш��4�L*��TJ�Cc���x��J����N�9&�$^zD��T-uH1�e�j�M�cʭ*�1�XpD��Ԫi��d�rq�L��"��+�{V��������|�1����:�US��HU�+'�t�R�ip
�[��8uN��_~o/-<����d�ǥ��S�����P�ϥ�{���HG�'t�� pH����~�>�Ltvx<�^�S�h׈\��Z�+���D8'Bl��j��%&	��C��vԨ��D�+�jxBބU���v��=��m�
����ݘ��f�<�~�rG��������HX���h�Vl9�MX��n>����(��Y�Z�C��Ex	P�:\�������KW��h��x%� !�D����/��Qڟ��i�92W�uǫ�
����˻�����
�hŏ���Q*��x�I�k�Ey��G��p���y~��Y�A�Z�t��	_�V� ˪)i>w9�<�X�֥b�GL��J����3�no��6|Υ��ͥ�vu�,/-��7�G�j\#�B�K�I�����0\Ţ��l*WN3�J��n�'ݹ�����q�����ڸ�녞��0ޟth-����p֯������~���� F�	����&����nR�����Q*P�\*��z\&`����Z����*�[���,�ʡ��W�� �%`���T��D�vҽX�$L:�j-Ti�i��RO�d!�5�n�xm?~C�x��SY5w�MԦ�(R�;���cAE�X0b���"I��f����N�GB�Y��(J�Qh�Y�0"
D+��0M�xGڴ1>LTS��ԉ�>�8��r�8W��,H&d� -��x[�k�^|���>���߀{��ߗ]�����������l��k�l��U2�>yj��Vz槏��<�-�}��O�����8�>?1Ǘ+��ѩ���6��ٝ�
 R�<G:*�V�7),�;����R� �n�n���^�Y��q}l{_��7o��_1<exʄo7R����}��&��n�c8��h،3hZ��~�0���#[Vml
��	W(�m������ՄE�.Κ�v�,���@[���ԀF�=�t��S1�d\�j�j+�Mf �M�V��,����������X1?w5pÁ�ݸ��ggܿ��'��0m8d~���%���3��7�~�ߟ;;ޛxb׵?z���yd��x��/:o�o����wL�f�*����=q�q&�:��C�P�"��fX:":"�dXA�<����}�Ecx6/�dX*�p+?#��eGdHv^bt�)N8w�]�<B���b�v��A,CF�#���)�l�&x�g5M��T�i��C�(/h�B��|u�P�`.VB9��S�r6�T9���\R�?��%9��{f�G��?�TsJKgy�|i�������R�O��#T���BF*a�2���R�K�i@<��MZs��X��Q���&.f9���Fz���g�ABN�HҦ$��@Ӥ]��%�p����8��|�<�}D��G�Q/'����9̽����� ��JU"�(!D�E��ڷDV~i���y�� ��,� >n��V2*L)i�S|��B��J�d��3� A�t����b�?���|�#&��?�ߟ__]��t]i���v�S��_L;@iG>���C/�v q�I�!���(�Ș�crN����&��RQs���0Ta;.`|?��&���xY�X��/���1��i��#��>�#p�@.��p b�D^!�@P�R��P�\�V\F]��ꠁ�R����>��tHi�����[jZ���?��q��#�D����.���
93i{֕q�C��pf�}OH��� � ���]���D��lsC{�mw�$�m���S��?q1��k��?q����PX
��#a"\��g��z
 �l�"�y���C�f��[5-�|8\Wg�ն
55�Z{m��P��Rݼ��X�>6�ɤ�f27�+�-�������V[k6?o���VS\<a��^F��0AF��y�VN�n�d�4f�j.
���n��m9哠=M"�G'za����7
���T�!R�?pV.+PDEr�M�)��ҷd�d�}��If���$mb��YZ �X��`���r�%Li|ZU�7�����{��c0(�-�*_�o+��3�F�F�1��|�Uzxz�Gs��c=u��7�I�b�+�&�ե�^5�=�.��F�ߜM:Cc&x�*3��BR7A�ă�)��4�b�7B#�#�-���a�EU��$5f�_.���0�L&�U�8+ ��a\^�/�c��_���-9#�^�hZ�4�4��4%B�1r��W��0
 |��D95��-EˡJ�z�t\]AI*O#n�W�I���pX��ji&J�p�ʐJ7����X�����ZEWp��'�"�Ϊ��B��g����җ�׺�K��y�6=�C���ޗ	$���[V��5F{�����	���HK8�ڔ�]?`��v	�A.�S/W'����Q/��9%���ī���;{��N�M�#oM3F^�׊"���1җI�.�A�D|;F:(��Jv�\�`:�P'Լ�����7x�Ô0�&l�$权�VI��'� D�/������U�0�J�g(�0r
"H�q�:u��"z�ɿ��uw7��N�|ճk�z���G�ݻp�9w�kd����znt��GCon�=�݁����/��^����So��#�|!Z{`Ӗ]�7�r�ON��ػٻ���7����w�=J&�Ê�x��nD�(\��]�ČB��+����	���2�U�1��3� !T2/�����5�?D��:j�l�������Bq��x\;I�,(%T#�N���`bg~��ZqS�	�o�X�E��p�kn�K����w�뽥���^�}~�F{��+uqkțy�(/��?�m�*/�����Sn˅v=-���BAq�],Ѕv�p��B��x���p�D1+�b��A�uY���!r)�QI}>.C~�-w�U+P
H S`:�4�B�@������L_�)>�^4c���kr/�>}����ζ�퍹=>_�<��s{�ޞ��6�x�xɃ��nKx���@g6uN>�-'9_�M��������o�%����� ��/"ݽ��_P_��飳��i'� �k�T��<�5�1��E�����V�YK����A�Fc�x��9فt{�h�k��D�w�i_]����7z�6wpMi��]�OJ�X�љ�f�Zgh��W�ХO�
%�5�-s࢐����Q���F��=��� ���s�*���_4����<��~�����~���(k��P�UT<�S|_!�(�QnT�����`�[�t��?�f��D�) ,�Ս^ո�}c�;��8��G��
|PE��Q}�s::M��iw.GD�a$�ü2H��n��-�M_v���U�B6�Y=^ΟH��C�8�a��f
��=n�@(��@��
.1T?��:O��h���I�0��AȄV�`g�L&sZL��7,YQ����)#�I��/)l�df���O�X�����#�v�cѠ�ڰ��}�/3DU��C0��LD����.�<�J����aZAZE,�a��+�C�w�G�ό�in0#��lF-b]G��K�] טLV�K�a�᷁
>|Rb�֌�o�tR�N��ǫs�U�$�'8yY�����K�+N^�������6����p�t���׹�;�?�����i�B����]�N=v�]φ��������_[�J�� �ﱫ��	�ȧ��<O�!���pq�J�3z�qq^�$˛�慞E�EᅉaϚ���p�zώ�����}�}&�t�,������{k��UL�9�)oD'��P�	kp�Q;s[�c��N	��?]�݂1<w��#��%Eފ|yCҡ�C�5�+����ؒ�7�}�7�ca�.](/�X/�$,L��W�7~T'�)#ұ�ؓ3&PR
ǉe���u5=�Ɉ�+>��g{`���=
�o�f]w�0��f���c�[����7W�:�']���Y�[��?�:k,}p規��"���]p�� �̖�/���H�ft�5�ȷ���U��t�D���a�fe�7/�RL> $i�8��!�,�P�CF2�]�ne����	��J���Tϗ�v��9�?Js�FQ����ތ(1����D,�`}}����(M
�'�l
��܂��e��3��!��旑u�[��B��4�Tz }�悐�h�F�)��幟l����[�.m[ھ�c`�h ���fZ���j�n�h��7�pr޺�=��lo�c%zI7�/�M�֦1�d���o9��Y�w�IeT��@Bi�!�M�2�M$xJ��N^�C����H/�7���<ó��%��J���T네��3"B�
����nj�ݶ��],$?���.�b��É�p���x}���kg�/S�:�s��:�������ZH��Z�W���}�S��|���ٍ����v� ��E=��t:2�%N?�-�CaaDR6�����-��jj0q�YN�ϕ{��<��M�I.Ãf+y�i�N��L�U]�~�\ݟltx�_pˆ>�y�I_�[z��ݏ��h��4�����kkwݬOd��>p��:܉�6�l�޹y��v�BԐ2�����f�MWI\qY���w���lt8�V�#�^�ӝ��x�s���7�o�`hA�`�� �r������D���U O�C����k����jk�F��+�	?�����,�³vy�S@'%� ������7ˆ��H�20o
1E��J��I�k��`�-3,WYG�ш��H`/�Y]����(7�|����qQ�c�˭P ��8�v��Uv���2F�٠�崨��k}H�H(����Ԇ�+�8)e������Xp��F��L����Z�����߄�ʶH��-.����ȍU�X-~My�����tN���|6������j0��&�_�-CD)L�e>+[���V5dR�qy�þ;bw����ѹ�3�ߓ���Ýs�p�V�_s�/]��fڊ�0�@���ǷoI����u��w��N;rn�]p�Ժdڑ��@���R�� u��W��y5�9��Ūš����]�]��T���B���T����y�F�[*u(�(,f�^m�-#������S�R�喏(F/(�����F��˱�:�r@�ap ǇX3�J}V��)Q	ٰ<�U(y=" 
���!(��7?�L���J�A�HG"�U�4	�T���_&N舺�&<�'< ˂X+�����bdq�Y���Y��5�v���7߰���㷄�d)=����[o?0�޾��ϝ����Νv�_�R�^(u���m�`�9��K������r8+�
eҊ�K��P"���)"��=��8�R�&���$�损X��^x<���j�e癩���|� Γg�y�o����Y�#�7}�>7c-�͜i����,����ܔ8�<��'���D��VX�Q�i1>����D� �[��0���Mxci�Fe���N0â> �| AN$z���"�0ǲn��ȍ ��!�N�B�b�a����'�h�W:�({����ʃ�����Vsq�B��x>N���US�]�S=G'�	��))V/c�^�~I��Fტ�OV��b����pK�������̧%a;������ ?�"̶���v��F�`;�z�A��t��vF�2�xU�H@
*��(�� �8v�ݒ�D��@D�˳��6�	���G:��d:���@��;�	9/_.? ��:Ɛ�x9k,���6<.t���,zT�g����`�"��L�+�	
� �tY�[(L�C)G�VR�p�����;�n�7�k��Y�J�R���5ٹ�u�U+R����}v�@��k�H4�[V�׷��R�-=�anKğ��j�H��j��j����v���Z��|s{�r�^�L,2;S7P��a�5��;|}{U!�7�H�ZĪ�v��[�YdPY�f�!,�h�#㍊�"Hg�uܱ�k�M{_$�E=�(�i�of�0�Ҥ� ]�ּ��p�ڃj��mClGl(a�mDuR�6l�6�4�87�O,DLS��Z�!
�K��G[�0��f]c܊*�@�7ҕ�p_t���/���y��ua�ys.[s���:���ˏ5�ck�_�D�1ʛ�[�/\>��CQ7R���Fv?`_\��:���J���W6 �7	�#���ϒ 	n(��W�`��;�N����Ψ��>�2z�%_1�dC ��eX�0`0{B eXE��iwU]����~�f"��.���Θ`^b� �c�N	f��l ]J�K=��O���y#}Z��'��$yVX�k%X$�R�-�8�1	uS��o�R�,<F����X���H�~�NA
�����m5 ?_ �:�0E�������M�Ƌh������1�9|�*��+�k�>�TEr���?�)dU\�`�����B��h��֕׈i���nj�X�i�w��7�?Y
�B�]���j^^� ���><n�+�8���<2'�f��N��d5����8�B�0Mg�r�;����뗈��so '�	��He�7�'f��e�%6��Y�M�d��Kޓ��t%���������ty�Mti��tl��|����|axkkC��������\9>e;K/D��c�;���C4Ζ��p�y����K�	����s!Ҳ���D�wI�!B�0Ցފ�Gt��1�T�]?Y[��.G��4��.�KjלF��0� /ԊN��'�4��Gܿ��@��5��v��-�-eG����b��z�C�gS/��g��&��_��X�����Ʊ�5�Ua�w:�;��2�����ޓ1��d�˰�&�"� ���8��Y�w,��:���V�֚��F�pJ�GE"���+p��2n7�r�Gca{��'����G��,�`�\~:�����=������1�/��j�Ë���+��;�I�-�*�0�� :[.��A ������'rJi(/�m�Ӂ���q�J9AIK�+��m���-~>
:\dU���h�tF���r9��H�����9e�)�9.����Q7�$�&r�t�S���D���٭ˡ�/����ޤj]�cYjF6��TsO����gJx��g`��ٻw�_�f�%��X��d߮o-�w���K�,*�a٪R���?�P����]��P�={_���"���v{����ֹz����|��ҿ>�ZB�I:.]`���מ��WU[K�jkI}��E��Wl-����­�r�~�Q���z��㵈�^�,(��]AA9��cB62�4������r��r�VׂD�2�Jb�һg%n~"�"LeU3�R+5��#\N��)�8湖��f�f�6p`��,w3��~���=ֻclcr�vYrmͺ�f憚�»�ۛoc�şt�q��Pa�D���k��)IF�rK%\mcJ�E݂	%�J	Ӄݙe�M�ݩ�)&��"�Q0~�E$�lyY.�"�_�Kn"�"d�)d�1�#	G�H��N�[Ti�)�;�?���t���RXv,�Q8jF��#-/�����:�H���bicG���+���#�_v5����+/o; zahs�b�+v(�e5��Ii+1��״>�l�+͘m�9��LCq��/�������Z�te3Mu�Z`��9ҵ�k:@�&c�i�P�*���Ygc-l�5�⌋�&��Q�k���8�"�Q��|%��2M
U�a��:iй2��<�9MF��AuŒ�Xg�_��,C����qzN�t�>w��_��__X��x�KX����ݳ�ƻ�u��;a\-��a�bQ,�����i�}li��l�� �u͟�b�1؜��>X*}��/��4|��'w������e4HI�6�9�
�y) V3�=���������Ό��|�k���K��H��TO����^����s���x.�� 
n�(��[c��Y�w�1ix�`� ǉ���ڽ�^��!^U�t�􍯪�v�+�>	����-���nB��/	����B���8>��2=R���m0U��~�nصh�T�PD�����@�W�2�\1[�r����냱��n�R�IL�n��c>_Ӓ�Z�R����2�1:�W� 1x��\���#���D�E!LG�!��ë�ZY�B�	 g&:�T�f�z^q�ZJ"�]=��jB��l��RS�'���"U:��]��եU�dp��Q�����L%��h��pc�E���pkƟq�T"I>���m���j�����Y�,<k?o�X��ͪ%zpF�녧d�T&�i�fC����/xʪ_� RWi$���Lv2�V��*����^�L��i��CM���xKƗ��1Y��,<"&hb���7UD{�s����
���n=�4W��[��O)�0���YGsF��� ���)/)��ʷ����HIUa$߫;nI�xR���%�^��_�+�Ֆ�6S��Z�y�ȚԅKh���E>���QғJyɂ��~�d�xSi�'M:���#,��9�����B%�8����K�}	�/]Iia�H@�bX=#3� �\ރ���d0��e�0�Gb"#�D,�vY�k'P��IȖ�d��K�a'iy�<� �Y��H�2��ݪb�nf?s�y�y�y��#s�3��u�\���_�"���T\{&&���@I&AD�1I��GKK7�n�w6df�-6��w�W�a��B�,�%l�� �"15Va<�HL�y���hP�K�S��tD�~F�t�W0�%ol���B9��?�)LN)={��Yv�<OF�Exځ�Ɵ ���'�a
V�iz~ȼ��H_L�$�}�� ���|p?Ů������å��%׎���:Ԛ���JHAᐩ�b��L�����4i�'�%�t ��tJ�Y�󠮎���u��X,���NxX���	���1��>�q��+kT����G|���#���3V�����:�݂�A�Y�����Z��ڬ~w�]�C���T��qr���0P��_2��'�à�*����"gyrzʬ��!E>��B&�9�)ȉ����(`*�I<s�=We��tm�Ƈ7�V����y��>x���4��%�Fԏ~
���=�On��mZ��#�Y�:��XTz�=u�h�v��OPJП�@)fD�kɼ 5r���^�2��o/c�����4w����U��c+�G�p�f�AJ	o]~��*dG�#�^"��G�L^�X��Nм�^�oQ)�Z-�O�������D�3�I���Q@$;�ʤ�T�vy�AX��
�e�.}�{��2���J{0	g��,�&!�)襉k�nR������SȺ����U2�rE_�[=�/��f5�����HM��ٻ�we��?�=�~:�z�BV��ay�H�d���o��D��!V�~��T�c���I�nө:�wЛ͙p�*�k�O������(0��?�����` p�T"���j��9�>�"�:��V;j�M�&�~��ﷴ����'��>V�Š�I�&���6�<�ԡ�bn��o�4V�FM�D�^c���Z
TV�Gx(��P��2�oԁ)U	�JNė�5S�i,X&������Ƽ�͎3�Mp��3�*宩�K�ѝ��%�G�$�t�?���������Nom(�Jg�_�M�
��	���t*M���YS���ݎ��8����A�+�7��dzN�q�Dx� �B��=c0yG�C5��f����4��Lsѐ8���}U~�M��Z[���2�Y~�Z��,��ݍ~C�إ���~&��o
!��[U��d��0%[çe�,:��#Y�+NՉ��|�:�߅NՉ����:�߭QD�&��V_ d��N�ϧ�?2 ��i�FM�I,�|�a��Vd��fSȣܤد@��U�L���GU.*öR?*�d���cI��>�HƓ���bz��$���	."�Ơ�<fl��+�%W�*�4ٯ��!�XRZU7��$	4v?.�w����04v���z�����e�帧���a�n�h�/o�>������u���
y����B�\E��/��xᓛ`#��w��F��a��s�z�iX�6�qB�+ڦ���F�V��E�5�dѐ�D=Уߞ��]�m:�"����d�H�%dY@N �V��@��跼zz���íö��p�[�6
��"K�^>�`)������-0<sx��a����Ù��1�/ux�����o�=N:)v��2h��ܭ8.�$"W<n�,�2$Y]P��\�\�î�)�XTQ�e�$�M2���D�����;�H\�s����/�tMJ��וH_>E��8`J��0`�@`wҊ=�d$�NxI��_L���ZCP,U'�¡&��,���gz��L8�[_cK�ɘ����^Y�}W�/Y��OY�~��\�4��YY�5�L��P�?�o���{ׯ��l�9�ѝ��^��E-~��l4�3e�u"��U���*�[�oݾ0���jH���.r�����H[�lij�%fg�ϟt�Ȑ�Cp6��ū�'e �O$9m^4�zn	�u��:K��.=�|r@Et9/#�s0�g�Qz��'}g|�oy���3�����s;��Lw)�01fK�@F����3!�#g��\V_�m�BU��⨠!CګL��`7����Y*K�~�bL�,"8m�!��*4Hㄻ�N�Н�nUڟ����*He
��h�����	W,�J�
�IC��l�;J���Z�,�É�-�>�	EW5��
��5���Fe@d��Ko��E�H��R����1��?<:���T<�y��d���S��ӊs�s���s����ߋ1BTaQA�1C�,*l�u��� /�uQ9�����ٖ�h�o~�4z�2��ׇ�,ޛ������点�O�>m�%���b�8��ԒSYVW#���!���:[P/���O6��2�Y���j�w��ۻҷ����[~���א�������f_�W��F���9���}5>���]0o�Vu]c�Kf��ҙ��I5�@����1Rj���^k���Z9)�IIiќ�6����������U�>m���j��� "+�Zg�.YY�6pHl [W�0��U6��0���F*�E�T��O�0�p�eǽ��'N�N`^�<=����}{��y��/�Ϻ��N�������>�F�z��Ϻ�{�����Mn_̑�w�'h]�}}=�{{��ͼ����Ɯ�:��w��?]�>z��5�|{����<� ��5��;כL�z�do��~���k���է�>� ���������/�Je>���>�z�ѹ�x�kg��:�m_�fWjr�N�ּ�A�$ỿ�`���̲e��=*UB�:�'��߁r�&�A\�4ڄ�F���M�����O~h�M���:��>m�|�,�=��n^���0�.��n7t��+��7O"2Zq��ۉV쥆���і-GZ�0ͧ�̦I|��":w��^
aFu���6L�����:w�G*���o!Zx�<�d#}K甛Lցu�!냠�$�_D}�V@�^���C/����!�y���q��iCL\Sx��5�t��w�$y�+�yA�qӫf25g��Y��~��t H��t:�c��lr�o�Z���������~;�+ Z��_�'�C��������c�υ����q���^p}�������ZG��j�*O��jk&�]�5_p>�8��"y�m��C���(٧6e`�>����/�k|�zׄл&��e���y`��jjC�VH�*��z�QĊ�f���/�MP�5 ��SNߟ�W\�=B�K��l��l�j⩰&U���j��Qs�����dz����#3v�̈'���f�=�kJ�h��u{�-�X��`�h���~���W����
��Df�#��mJ��9< �H���G�H~�t�r��-��j �v2ee� 3�y(L'2����`"�jB���m���X�DTg�(�?_t,h$Z�5?^�`�a�d�3uh�p`��ɼΠmD.����ǯ�י�1�c$s��A�����H� xu|Y ���<i�/ш�������.�s{E������ص���Џ�i�+�L`���T���'ڣڣ��U�뾄�j�Nt��CkE+U����i�Lkn�\OD�[F�kT
�"���18r��+5�
���*Hf�b�b���2��������^���u0�f]�'�z������
C�,cz��Th�����e ��h���7Ѓl/��\����bheM�#S|X�r��ip����[��QR��ɢ��,��B*�@p@qD�y�q-`����A��.ER��|x��0���q�8>��QٺT�W�j�;�=�^۝�;%O�lz���b	�lM�y����2�����U4M��B��I/�I	*}/po֜�5>x�h�@�W���E"7�� {@��M<�0�X&e�U�Y,Q�Y��ѯ@*%%�ɻ  l���+�˧�.�jǰ䴄�6KH����p0@�y,!<ȗG����.aZ"Q�%w�˘����p^@J%���(��!���������M���Y�#��]ӺSɞ�d����|i'����p����*���8hXk@7�P��d@R��@�x� ��D4�����L�j��I�F���i8����`�.�_����a���%B�g�X��	�,�V��_؛��\�3�"�6�,��X�m�է�b.�Zݯ����Vf:�u
�f1zt��!$��/��"�a*hB��:�!��
:�@Bg�^�� ��!���i(�X��I�ۋD���>���� ^A�+M�3P)�d9p�_����t�KO«J4�V�7��8x�\���V.7�(��x2	��yS��d}«�"nrR8��c+n�ݵ�	D�I]B�
��z����7�o�J��9���i����$m�6m��em��R�]hA\Pq�t�+{�q\�(�8�ΨU�}��%�wιI�"�7��}������ܜ��{��<�Y�y�<��7X�W�����e)�K~�+4<���绺��~�~9�.b�s��� &� BN�l;��"7�C��tHG#u�����P���reQ��R����:ࠓ'	%��S�|p����`)h.d9��>�v��U��v��!�:���I�����vf�{x��l��+U��r�̡��r$��;v�lu~{��KyG\������t�0�ŷ�R��B�����x%vG��r٣�����Az��g�<��R0��"%��;w�#�P����饖��7��=�VV0��V`��n#'N��^W����pn�s�@qI�����j��� N�P�S���w�p����n�[D���V�����04n����!�Ϥ�9�����pQI��WP`��x�PӑDո�,�J�r	�a^�L����J).�1�5��[�t�1�S�d��̄�&][�?~��l2�דW��.i5�bY%i���ހ�cEVf���6z�x�z/Ij�#�#�؊��ݥl,m�B�����m�����7z���,D�����l2"�Y��P�~�<�u�=�W� ������i��=�2)�mо�`P8�� r�1��d�x��p'�Ѥ�뒽"߼��*�Qtp��Y�Q�MwV��vy���N�;�}�JC�~��!�5�H��꤄�
f�B�Y�}�4�}VS����=g0��D�s�J9�I�Aww|��Qw��O.��PN�*c���|N��guirn���ίX��ɥT������h�YUUpk��*TUxQ�T,<D*�O�<�>�YF�\_V ��t������N�~��ȑ�T�v��`�+�Y�v�m�O�^O��V,�� yK�i�HZ�y�h���>�DN^wB�M	6�mPms��*�V��Ty3e$�X�;e]��`�>V:W3���ɼ��2�g���X#�\q,a#�]�G͕H�芒��d�+"�ǿ-.�ɮ��W#F����o/=J��^�%_G%�\�?��_�_jb�v���p�}��$"g6p{��l��k��x�?,��"�'W�� [��$ġD�9�׈�@ /�6Z��0�c��y7/x�{ʴTV.�`@���А�Ɍ�jrp@N���V�[g���:�hh7���&�褯�v�[�ɸ^ޒ(�SB�\�֠� �Q@�sI�ot��p�-0$�ra,|-qOb�'�F#�w�ޑX�+w-�����\�����'�J4O��~�-��=!Hf�O�f/�I'ȇ����B(�r�WT�Q>�%��`9`�a.���EH&��uP��eVy,B<��x�D�u��<O8��5p�b��	�^o��qc�j�^��V�\���@���l��2 d�pň�90{A�\�He2La�r�6��PH���B*b ���Z$��q?0��y媠AFft��Umm�2V��u�`[�=��0H���l �B4ʩ�*k����2�MP�K)���&z�Fh�t�~�����А�uac��#7i�=�X2����М	�R���-�8ʥ��v!s�yj����k�n���z|��]�cr�`�!�y� uK{@���d(J؜:�ʌ&�)�v�P2ς��{R�o%1?����z�e_���W�.>�j��uK�(8#S'�<lݠ	7>��s[ٚ�e9��;�nޞX|�ο��~�������O=~��o>��+�N�aPm�:��К�cp��c,@�-@���K�]t�!��c%Q���dT
�.��Ls���
�)ߣ����6�=!gv�ۣvf�5bwf{������b;�.'ǋ
��TNR}��^I�Zl�
�=v[��Ӗ�6KeU\�;��1SJ��%�n����{�yd�T��Rv�Y`y�)9+b�X{����T"��%
	+"��HT��QV�KLT�Ia48��ӌ�ρ�,��5��dH<d�֠I���x������aB���r��wd^�c��8�4��͏8����]3�&w
kV�&l�4�I�J��MC|�r�2f���|�ϔ�oچ����I�n쯔�x�����b@쟂B�"*�Dd��@F���ܐɪ*�<����@:١!�q�W*���O�*t��㹢� ���B_��t�H����OM� �x$yn|"y�,���7hV���0�W��r��3������e"�P��aK�"Hݤ�9����4D�P�q!]���#��Ⱦ:�$CH���T&�ޯ!V���R���"_�8�³�/Qi��] s17�c|Q��=!�����6aRQc�z��ɓ:�A��￡~�Ėۛ�X�1UJ�,e�A�u�}0&ͺf���a��E�ζ(���)�ל�xx�AU��{c���Ch�O���+6��&�]�;t��Z���D��������!����A8�1��t"K�|K2�4fX�N �rh�p\�v��|��r�%�H
81#��XF����E�[R,��E�[rR�@D�\���b�_��R)��%嘗�1= "i�1bG�k��6��.\yJ�$�S��%�&g�*�;@q7k����,��ߒon<��q�H�]��O�O��&I�na,���2,7A(�p;���V	'���mpjE���VX��ɕ���Ķģ�pjb+���h����e��W%
�y��|��y��l��di-[���B$�������Z�e���X���/R�$���<}��#i�"D3֕E��+�AK׎���xE�\]�8ī2�Q)�aN3&�bu����\b�X��7��zܴmA���6p�o� �U�$
X�a-��&s�,��V���զ[�ٍ�Fӽ�#����{���x�t�|�=͝6�6�6�e�rg�gMg�6��aM�a�Ȇ�a�.��L7H�TJ�$�@X8���4��&}�)�d�2���T����y;.�5#_�B��T��^�,\3�9�4
d� ��Hh�9,2��b�� kՌ�k�}~pL��)�b?r���=FTUM]���נkw�I��|t�c���;m��.��R��H�Tt���S���m��A$B�؃��o�VL"H<*#���G:R:]�D�Fz�T$���X���O�Q`��<�G�ձ����B�A���8l�Iц���,�c�H��v�̮�$HMK��&�h��C �0�!]�� �M��O��ԮQYN?j��9u�{l�������J��aǐ9��Fհ��'��c�R5�>�ƨ�՗W�l�z׌%�g�v�����T����_�H���-1��KY� d%�=���Kn)�����Xro��#�'<'�'b'JN��������.9]z�s�{6v�Ԟ���6�*�l�>;�Zqۭ�l���S�e��R�b�\�EX[J�Zm*<�)�e�@�80&�����b}�.��n˖۹Ж�R�����w���X���ӎ��a��+bڵ��A�4��
�9��ҙF���2�\�hA��Cm���]'�˗�_��D���	G�fa}l��5�#n��
�o�
`'Q�WXu�epht��w��bb'{I��#�D�4_ۿ��%�Ln,����"9��x�t�j�`"sn�y�`(ȜG�E���d.#6��f�g�
�1���|V����B9��C���P���������ӻ�� ��7�FV\����s|����c�{m�%:_��^�/h�7�v��
�o<C'���j�&H�:O�:��ָP-�"���T%�D��$'L�
����f�^�J`���Ӵ����x���M<�ym�򿜘���? �%Q����&�����*>�^��*�,ʪ�\*[+�O��L*���T����!�UTV�&M>��ɇ�K43�We�����r�r�r�r��>�H���r��z%:���|��`�}w�}:Jٰ�)�^	���6�2//�,/�#ee��)�F#�����z���n�(��Ң��6�ww���|�C��r�^S _�ʗ��m��^����g�D�L�țpb�[}F�����s��/�E�n�I70���(�^�bV��"�_p����Ӵ��Բ�ˍx/�}U
۲L ����$�Ƴ��25H�j��n2��eo�ن /Af֧��ۚ\M��U�U�U�
%�{��^2� t�ہ��Kݽ\������Ax���K�C��ȯ�z�v�*��Tç@/��7=��e.{���p����^�E���+�1�-�Dۘ�M$̾�D'���JI �]��^���6�hhC��.]ahKA�2g̉�vkmIS	*�{̬Ǭ�56��)!���s9C�������@r�ӳ�h�'�I��Y��hcڃT��mDӒ��m��y���ҝ���6�R��/*�,�7=�,bnSx��Θ���QC�rr`�_���ACf�-Z��W�Z>d:�֞�K|�4.7�à�������m���ϱV�Z���$��f�}��H�iƶ��J�{e��7{`}�3n(~s��&͆��hRcl(jbǋ���HL���ؑ�����.!�a���B��[K�N,g9�{\�7���[�o��
H֠��hcŶ
T�o�|�&|�H�O�&��h�ha���< �щ�#�ETk>�A͑Ց��D�tM�����6��<���\��᧢���.�#p3�C\��0�s�rQ��#/��Y��y�Hw4�%w4�ٽ���w؇�}0��!� ���I��m�n�K�n���k�5p8�����{�T�;ڞ�n�K�YȀ�s`�认�ʎL�q?~�;���@)�e'Rr�X���H�<��$����`~��M�7M6!�Eɷ˥E�,��PS�^�RO`�ϡ��>���UԀS�0}(�RS��:��n�Jbiی�m81�V�M7ھhl|���+��"�N23Q�5u�*!YG�~��8�y�:O��VJWXW����E+ū$l���?���%�*m���t�t����z��ޑ����F�������P�ic��(
�C���Y*I�!��e�@C�l��1������0��Z-9j�J�5C�R9�ըU�?�6����~v�j��Z�:�b\�X�U� f-�pa�*ޝߜ�' Ę����%\*�oifV��@����7a=d�9���)��{�.P���Bw����t���n�d��#����=yB�D^�)3qޒ�i��x�h
S� ��L��a�nkH	5>�r�䉳��W|���Ǯ�UO��;�����������������4ޖ[���t�8�?$>~ܧ��~������?s�X�H&�Y &�������|A��3��8�r�F�<7h4|��r`��\�ɑ`�w@!�L�p�=jB��Ln��PMM(�G�FPt*m��1��C#:Ժ�\h��Յ\��Μ+c3P�8�����R�>�F}�@k�u��nC��u���:T�h�Y��A��i?1�{��Rھ	|��+[���j��OR������v�S��S���|���i�����f�`q�J3�Sg�n&r>�Y1���JP�L�zb���)+���0�������˚�!_>��W���;�ܻ�6����s����z��P�b��|W�u���U$�ݞ��8��}���w2���Fީ�Z=�	0=���ɋɁ�,� Z-�����·�
~ඁ��V�+������>���n���jN�L����5e?T����έ&�ďɉ�/)z8
���{�9��T������<$¥���H����a������j�Zݮ�Y� u���WfgWUUcZQ|��ըfW�79&�-����Kܽ�> ���P�ud�*�[��q!
�sݨ ���~No/_Oo��ė�����g�@�>aZC���;��_K��.�IX�L�X�A܀玭J�iz�r�b�&]��=�-,����7E%��C��K_������L�i��Z�2�:�:7{�A�Ė��K� QKx	#� M�q�UE��)Ӓ�H�N�΃Թ��W1^�r���g������M�`�ď�F�@5�ۘjd��{b1����`L]F0/����ej��x�ry��\i�%n�Pȗ6��w��9&�I{��XAe����	����N��jv��|2�B���Щ�lv?���I��h��)�H�L��Νz`�G����;�IZ*�-Т�<�n͔�h�<`�`_����.�6W�ngv��SX�����qf纽�e��Va��>�STk��\T�fK0�T������[h~�2�Je
���c����u_ ���n4�b�|�Z���ΔN�D%�_D��R�LtV�T"������A��fm��{ɥo	fQ��9�K���2�g3���z�T'���[<i���/��F�bK�y�|0�_��N���Z���B�-��6i�.��1aj#�+)��xGa�x��2��sl�I���@��$�F�#`!?m���3�@ R�uDv�p�;��N&�!�Yc\c>�y�@�-��xÁܞ��p�l���.h�
[�����ܝd�4�9ٶ�@ �΅���w�isc�32_��
��B� $|RwY�6�K��ݬ7I`Q��|H�S�!��-�����Bk��l��@��i&��R���vj����'d3�j��O������m���%�&��Є�u�̕�6�&%+G�X��,�pv]`�Bh�_i$�t~��=�,]m�I}j^m�{a�C�4��+(�c�?�&5,��7b��e.X_����*c�P[�)��P�M�n�K� �C����pa67� j����e�_��۟�n�KpՅ��Uʗ��RX���)j���o��?����ͼ�A^�tL���҆�}1�;@G;\x��[��mR9�N|������Ο�� Z�+���B��l�nIf���,.�ŢX�F�g��V�9�O�E���R@m�6���|���R�K�oLˑ�)�K��`S�O��2&\���F��ni�ڜ�n�K|#��m��)�ؑ�O�ҊK������x+W7U����hkuk��j�����P�mR�������\֖ԗ4�,,aW���`y9�9��ݚ�r�E�)�(�\���Q����rT;����2��~�q88.�L^y��QYv;��&�B:�͞��V�1�u���puw�A@��f�����$��DT��ע�r)q�'��T!��V�Ĉa9�Xb1K�� ���ޠ'd����R[ќ0�a'�W�D�� lW� ��Z�����\"���u~C[��_�X��)�.,,/�8�G�5�嗀�hl<�~G�Zcm\��$t6�Z-V��0ٶ�ۊH�4|���i�EE��m6���t����X�Lw}_�z��������R��Wy}����6����),.�N.{N ���\Z���V}�C�H���3�� ����9@*H�b�_�~AӦ��I;,�X�h4� rE��?�[>�0��������S�����;\@�x�_��q5y�S�E����n�:�����1���)㭄Z"X_�W���XB��"V҆��S.*����0��sqc���xmX���%?�����9�^��憢�"T�k�ni�3ZZ�n�s�l���=B[��֒`%ɥ�$�CwJ:4ȟ&\N�M:�#$�#1�h��B�C���Wʠ���)��	,�K��ư�5�*4�R�͜A)EZ�H�d~B�y�ɂ��jA�ۢj���}[7�O,3p�s��c#y��XAy5�l��#qf+�$��"H�6Z�H�F�P�1ǆf�ģ�<j�vٚh���F`HFO$M�u���s�J�\�8oFbMߕ�7��w#78ql��_n�c}>��Vf)����+��4�	�o\��o��n��[�m�͌�*�,���U����·v�6��|�a @��z#M�J����D����!�1��K�L���6W$�ic&�f���Ʉ�&���q1E�p̀����U��r�K�6�T�$*_��QI�R$���HT�m�uK�|�L��%:�P@�J
��IT�qI�j�Z�/��פ v9�@u�"r(����R����lBL*��]�j� �k�Z^2Q=����%I�<"���ܔX��G���x�������_$*��&W���k1�����X�8�8�X��9���8�x7���f��lL,=p���}�����<�\)�P��	|�u�:[G_o�o�q�y�m�c���7G:S>�8Ǭ*
4VmD���Q��"�k��:B�$�o��bJ��u� �9B��b��a%xX�1n�Z��8�h�].�VZ�b��g't:e9�NS��db�L�d�j6�6���6�L�i@�^M�"6Ș2(�R��O��r�3h㩍�.�0�ǣ�}�NUGWZ��K�ͺH:y��KSԱĉb�K��4x�������#���_�`/�(� ~�:` �Z�칣�#��<�������	d�(M|s��f����f��m�W.�;�F:���eZ1�����i�0>�}Zۦ�nQݬF*6e[E&"��$�	�HD�r�O#wen,��l��(9"a%���l+��9*,���l����`��������9������WEH�b�j����MOnV�v%�#�����%Z����&��@��Ft���Yy���LSϗ��|��f��f���ߺe s_�x��mŒ��~v��o!ش}�c{#s�Lr����c��0r͕�b$N�z������v��a=��-��t��n-f���f��|�ų�l��"P�geUŹ��5�g���ߥ�I`���ݻP�r��E��.��F�9�[��d�*�d"���k'bW!�m�kkc������Sv�6�'�W��=�FGͥ:p.��n�z�`���w����P(��YG�b�-\��I�����n��1�f�@*�-�-I�6V��m�?E�M��Ě5ǋ\�5�c*6}|ǆ��|��_N%���4m53�|��iUcg���G����-�p٭G潔���#~Շ�w�~��?�,Kx�*1���G��_ �V_g�м��,W.ܩd�~Y.
�Ѽ�ݯ@�2�l6��gp.,R�8��W$Z,�[�Q	!"�f[L"q���� ��Ӝ#�HmJ�&�B-�J�
�b�Y���<5p��5���-���6s�&*�E����-􀿢�R����I;?W�^N����/�q�_
^!��A/�H���^	������O�<�9���3_�[,=j��n��6-��<eo߳���~w7����:v�~V��EoO�����b��e[VmV`7��ᖩ�����᠔����l3����$���5P��L��@%2�$r�֫�W1��V┤�Q��/��A���!����w�������6���-+�5!��)�E6����M�X���%&
 -E76�X���D�_M���cOڼ�~��k��68����wڰ����$���}��I��I�G����p��i�p���:�N�N��U/�.�f悹p��	�o 7�)&�z�� t�?d��V��m�\6�֍�0;���7�ɨ	h�[f���)˳��%<��J�6�xc�PA�CD��ZF�4"��.?d�$s*D�׃� ]*��� ;��ޡ�Z����Fߴ�9����G%�4hC����uѳ�U6b�M���Md��e�����ˢ����ؙe���w`!&g�j��#�@��Y����{$Z@f���k��h�}y�L��f�{H�1�(N�:���X,j�
K#�8�]��Zcv
E�	J(q�ɘ_Gx�Rs*�)%ʭ��Jƥ<��J�(�4�T{��Eo���"�:�-4�{��@l�p��3j|�Zj�!j|�Zv$X�F�ib�e���Əȁ^������/��u͐۾��y��Kg�Xu�w��iͩHlN\��]u���ۇ'��a-�}����K�p��_��IX��9я�v�So�A;�;�>�j�	1b�0J&���"����%��q�$4��/T��Wn!F��b�CKC���|gF��H���8���~�R���?�3���_�"m��=�AauT��jL�F��D�*�jv	��|�**�/^U������.Y�+��W{)�{�^��Y���K�ޛ�j/�zo�z,��w�*ncL�2j�h$b�\���G�Z���V*��"��)�q��� X�ه����<>�!��{!FR#>��gL��l0��%$���H�RE��фt��!�*d�vQ�v�M�EZ}oʤ���,{~�T�V)��/�8"�Sy�,N"����v-*.n��ؑ��#��/�K&��*���T���ٔ�����"���v,����S|��e�ːd�ڤ6;����ܑ�-u-#�Q�đ��f03�y#�Z�\��0r��[�5��Iޤ@aG��Gq���Ю��ڠ�W��9�lv`y��G�vx��!h��x���5�}τ3�����<3�x?G$��3����x=� I)]]5�Y��T��~�e+1��bFc��ӛ/�+
���J|y6_�<q/���ÕY;r��6�Hw����k�i�sD��d�-���q�d���u[������1�t�L�\�e0`�@�1U�\.��^>�f��$�|�) "T�;'\;w���<3fl����3������hƯK�����\G�|�|>�o�&S;N3<�!�Q{���$˟�4�;�g�S�.�d6�,�����Qb���:��ֹ�U��iQ#lԹij�Rb���x(-+�:P2�dN ���m�_�8ɚ�8�8e!Q��
ވGY׎~ ���<�����!YQ����s*�N�/�ijE��yy����;?2�)WC9��W6�=�VT�}UxXԨ��W4��P_6t����}FM��>���~:����1u�#��+��3���c#F&���?TWh������Ȫ�HdKEE��,RY���EC�%E��x�a�V�Z9�gѬ�Ehβ��FC��������g�k�G�Ǵ��o��qj[� ~���`>���f6�-g�ر�(K�Je�0r b�+,#߃�1KL��`�퀱��f�v�ߥ�Dm��}Y�Z�R���I�9!�n�:T�Xh$;�M��K҄���WUU]8>{�ЛNs����i��on����������f6W�����K�k�J�J�2�,S�W�V�&k���ed2%�a�Z�CvHb�.!�"#W���{��$������(�@�o���gՌz�F?�XMGp^�zr j��'�S9��h2`�j���g��0|��7�Ϙܴ�yt�����4dҬ�5����U�ཀ�v�~�RİJګ]2����ޥP(I�Z$�Gv�c�%�$Hr��l�����i�c�������)�����ix�
�t��]8.���c�����O����W�V�v�jA)���V��`Rf���"�l����O	�0�E���@D�G˕�x@���,B�-I0��Eؠ��%d*��D5�et~���&	�.�mV����X3k��=��
��(��,a�̇�}�{A)�D5��F��o,����ǈ��, Y���89Ez1�`�7���l��"���3���gw,�VaI��D�>�;KGz|�+KBmY�:�|�dY��0��Se���LX)�$)�� D&��G�at
���[B05o�Ղuq����'~qҾ������ʾ7�$��,���6����w>ߦPA�=������lI�bfq�1l���̬X,��	��Rq�����q�xt
6tX�tb#�m�|�L�CF���� !� !�β�[h^eFf<��X��@%( �<b4P �j]�"��Z[z�u?��7�#�ݩ��b�%���8(�8"z�w<�������'�@�7q�'�� ���7���y�$���ύ��F��Db��/	'��/:�27AD �J�%FD`���P�Ŋ�� �ev8�{�ؘ�X��7��+0�v��@3霶�6��:F���t�2���:i��T���/D��pbZ�; M|�މG�%`��Tbq9 �<����&�g����d���d�UIy�����t�RUOM�It�(���s�����v^�1��� 8�����|esΛ�7������(v��L2���L��3�6ϳ�f��6���X���!5+�r�`}�	얪u�CL =��=�0�����7�U�r�N-�db����5z7�t��n��9�p��3�H��+Q�&�Yϊ�%�%�"�-�nƺ����;��u���XY�8V0��
��xc�p�H��վ���x{�H�����#�bDE��Z��މc7?�*�S�*��v�-�F�{�w��i����$�*�zr�{'�� /��6IJWIY�!f0�����8B�X��d�A�>�����=����'���)�j�dЎd�!B'I��ep�l����T�MT_ V,�H����|��\��N�tX�3#�?�(|��\���l٥7���s�FV�� �1�&��I�S�����]PZ!�%�Dr���DL�J!�C�e��AM�YJ���R<H��{Y Ð'
$S�a���=H�Q��΅ǽl�m���%�ed�
fύ��v$���0��ԌtX��j ����� |�{y���%�-G�����Ð>� G�x?f'��5;!"	9�,O�Z��[�;c#��s�ZDioJ����o�*��哝t�T�,�8�3�Ǚ�71?��:U#1��hH�f~�K�S%���K�`�/����y9��3���i�o^�إh�=�[z����ڰI�%c��X�ٗ=�sc*� �D瞋W��ݴ�B��d ��; Q90v�u�Ꭾ^D5����Bܵ��z��i�^����C�ZV'�\sIvd�^E�ɪ�`0��W��)� J�����'S�Q��^���}����
�ߋ��p.�zU1(`c�n��d���M���������=?��n���ŭs ��!
rD*g�(�r	���T%��w�i=�i��絢㭗Vr��"~/�O�+��d8f��ba�ԝe�G�FF�x\/Z���n�C��.���Q<6Zp},!("���?"��>����Vt?�$rie� m&��W�@�v�cIdY��:ؑ4%�D���/��H�[��5�1&[D\�a�<,7K�	)�=��YBҽVaۇ�,x-}ukho������^Z��h�~<C,#��x�K%"!��8�Y��\��i�5����{�[p�1
��)��A>��"!VʘY�l�J8QP,��ΥOF�=+a��	V[�# NGP��p�H ��gIE�h�.�R\j4���Og7�nE��A�T
�Z��9V"����)�<(�I��d���NL��u���@j���XI?�xQ���X�U���j��\�u�Oފ��J �n)f]�'��S���x��|z�k��.�����Gd�3?�uO�NCvE�f�sG( nt�X�Wrڳ[��gIR�$j�5��0դn�:t�x4R0p�D��X�Y:���%�Yr���X��+ Z�gGG��>
�c<�'>O@z�l�;����4��%)�[$xD,�ЉCL�C�K���&��.���&���:��'�9�?�Yl"���L����]D�̑�����A�h�&,����I$�c�X�.Ub�J���{1� ٮ1�I� �gS�E��T�$��ha+/� W��� �5���%�iZJ!?8����X���D*H?�2�$H��n�������SI�֢�(��c1�/���~O!_Ǜ��)͡r��Je�#�%� ���i��爵���������<�c
t�]�x��f�c�^�J(�!d�$��8�
��+p�/���]�/�NI��d���/�0�A"��bt�z�3���E��^B�)ԥA1�M�����I$�Rym�u�ٮ�tW��h�4ݏ:{�
Ý�{��IA=o� (������èO�MX
�d�5���g�L�r�Rͣ��5�����#�ZQ�Hp>Y7��7�t��2�"��q'銢�����%�2�/u��0~C�����V
v	�>8�r;)څ�V��g��H�p��.�'�����INi7�z�xR.���;�7wq���5L�i�d��Ȅ�Z��_�
��$���/u�qkINAd�)h���0V���^֍�(r��bz'&�ߧ7Q��K���K���Ě����V��9~��LIFF0�%`>��$0f)e���*4�W]i9'%��U�	�@�iJ�%�)�\���T&ä�cK��>�{���\�ɟ���ş���.f%y�(���w�wS�Ǥ���P��{��A���O>�sx�����d*�
n�T�����
r2��e�: D�I�9O�>��',uM.%��:����9B�o|9�w�ri�'�C��a�3(�Lˋ���W�7��d�$�P�1&i�,�+'��әBv�R
�-���!]M��D�$MO��D�N�� x���%�D�Q�N �Fc Haȱ�󩎟���7���*�]giW�c�t�Y]�G&*�:9qP!�T�ŧ�,�\� R�:%F�*V�
fe)�Dʑ��mVSsJW�/W��n�@�D�$'�?~I0GY� y��ǋ3$�IyS	^�e[6-Tz�&�I�L.�J� Ub���&T�<�!��9u��)^�6/�����م_T_���{�n����^�U�	&�-r@)��4#�c`a!ٛs]��n��/I��K�#%1p��Ҕ�&�h.dFo೔YY2"�\.������03�K�6K���Y���r3*B�tNi�(�/Wг����Z Hn�P�]J�I�+�r`x��:Mj	��ѸKST��!�AJ`��K��R�@�f)R�g�nEWO�T��q!eg5Y7]JKJ��JKR�`�_�"�D��FV��wr�+��@.hP)֐�
W���o��oY�����JD�$[�2	��G3��ثTU�,� �!�{DB�Hp��T���l�� ��ߙ��8�A��g������ʌ�/��NC�Ll�IMT�0�hԤ�Y�@��9V�D��:�D�R)r�!I����%�I�L����h�:H�3�rfЙ�0�&E �^��Uе$��2�ٴFK��$=Oq�̑=ȗa���j4�*q��I�L�V�
�^��0�'�OH=U�x��:�V���W�����L����JF��oH@���nD$�iiJ�·�$�6=>�w`�1MQ(�ZS�h4�(��y�4)� ,�q,�Ǯ���j��hD�	Bh���#�p�a)Z���4P6�0=��T�F�PҜ9���q�j���*&c�;~3�D��?�J	�'����2���z(�a���ʅ�fH��
!vx�<~��P�!�m��6)-hRەװ�uq�k����ռgu��$ԣ#�]<c�f��0��+�B@i��A��i�U�Yy�
�m�};Wx{7�,m���� ��x
U��V��k��ôt��Oꘅ+8_,�3Ihҽ��^�>��f&$�Q�)��a\#�^ !QP�@-���A�� c����Y`X�e� ���&@.#/1�¤�e��v�ە�pz�9y���`�0\^+.�*-�D�{�}����ݯÐ��F�8h⸱�F6��0z����̞6s��yKZ����l��F��GM�k��rյ��,�Y��ÆO�*7g�W5��<M���k���E���{���"���t��3�6g�lp��YY�}��}�U~�O��c�/DnOqd��9s��(Z7h�< m�4���O�0��*Rt�,�V����}�~���*�++��اO������XW7�}��A�8rdc��IcHq��)�S��#���m_�ta���^w}�ai��e�6(�'�Nm�6MB�͢�ŋդ�q3�g�bIQ�\оp��$͖B8�}�<��uI��/�g@R�>����p����
�M���B������(��������3W����?��re\O�W� �/�\�P�O�ʕ��{�
��B���z�w��uW\���[�q]���[�o������>� 7�U�p�l ����a��<��`7����x�����#�8�߁���|'�,RJi(}�Qz�����q��6�9���i��ӓ�Q]A�M�^�kj+)͡�e�7���T�R�9�gL�2�Й�s�͜5u��k�ܴz��w]ݝ��v�-7��{��6�߃[���c۶?q��z�ѭ���ɧ^:жw��w<��Ӈڷ��v<�ܑ㯽��w��ˉN{��?��n�{��я��7g�:���|���?|��_���ԧ����v�=�^=j*(����%��X��ޗ_9r��'m~�g����[�~���t���?����G�n^����68���>+7ԣf�k��������������k���𦛷<�wߟ���[YN���aĜ��o�ã{������nOyՐ��筼�;w����_E.oI���3W�z��w���_��Xـ��g��{�w�p��/�D6gq�nД�wm����|��)�b-�6N�<���O<�̳'?����M����s)�T�l.h/,��g��~���$���ɓ	y�F��]wG��u7��O�Ӿi�S����/����s�x���G�~D�����O��:��?f��;������������o��V��}�����J���zK����m������v����k��_�\�^��ﳬ��e��S6��� ˧�}f.=�������q"�����[�U_���+�|���������ʮ����8��=����~�*���c�/>?kŊ�ʰ.�����G�7-\����.=z�#ʽ�Ra���.gc�:U���-��M�+��g��5�]��,������<(����}�yr���0��@#�f�9���׃��&��փ{���A����;�N� /�W�q�&x�| >_���7����}��(-�����X�(���x��2p@���z��h�<����|��c�O��4u��3r��ƉS� �r��^��e�5s��d�[�dq����f�Zwǭko����7�w�~ۚ[V�Z�-z��?<t���[�[�m�#�w�n���SO?�|닻�X�۟|��/�ܵ�l����񣯾�����z�cG�t�m���'�?��ǟ}n0���_����O>�B����O����o��՗��?���߾;���S��=��B���D�?>.����,Uٰ�#��nݝ�m{b��z�����=n�;nt�SO��F��?�2x��k��z�y��㯝�KǏE�o\�x횇~�٣������&Lli�����{~ǫGN~������?iʂ�7��to�����o����4���7�����;_~��O�9�۫��s�-_���ݻ��ӿ~��O�j�+�ٸgϿ��tNM��5s��v��y�~���SU ��D�P�5�#�j2괾�6F���܋��*�(�m�x���Q���3!)��v�c=)�uWv��ws�(�l�z�I���M���I�h?��o����k��K%.�U�O�k�m�Ǿ���X�F��UX[�UZz�|��s	��D~<�����¿�;�}W@���3����ȗ��|�:��5��zc����9z�x>�z.�7ٝ��N�9&2�S>�;���:��_���?c�P�5D3?d���{�'j���k�]�	W��#��s�_v�=�q㏸��n]	����s�����S��b^�X�R�sMOׯ��B����L?���K�C���X�QQ�+�q�%֭H�[)\W�kW�:�׮V^�G���;�j��x��v	 ����b^l����S��vV!%nm-1�ո71/^n b�
`q':L�� ���h>]�;��n��<�ߦ��4�+ٞw�
��čĂ� �Kܝ ��4Mڍ��o�?��X���Yx�`nr�0�V�Zܐ�{���y�Z����+�[�����Ux�a�D��j��I]���r�Lq�A���Q���x>���%n>�'����$:�duW�L�l�J��xe����Z<����� ��n('�̓�jҝB,�-�H r�E�rq,:I�w�;X/s(A6��7�)yC��+�@o����耄�-ɪm����J���ť]�J�K�l�=�G}����j���j�|V�J���y�Kp�(�%�<k�0�����/���e4�n#I�k�a�/��8馲��Ѽ'�&��'KO.l|aꇛ70��⢓��=��/~��I/N��ᇛ��j�{#��T`����{ح�T��>�V Sne� %�o��X�XԚ6�"��dZRǿU'HX*̯:~*."�A0#��j�d�8r�#�.eN^�G{�����ĭ��;XrN�N0� �v�m	ĴmL/eۡ�ǿ,�Lގ��'ȌĖ݆�Wg�#y¶Z���]I�v���"����#�A�C� Aq��׸4��e��K!ڷ���/��:���[>�J�EX�#`ݷ�$k���|�yr�$��-�w��c�`�:A����}�|�n�q��Cѧ�oD��ķ�n3�ng��Y�9���,�t-3�8�:���e�(Gj�����6f �����M�U~�$=�aQi /�Y߳�'�)Q�Đ����	�6I�55��5y%ǚ�0���[���)l�A?�g��>�����$;��!�S��V4��4�O#9}N���#�֠G�ד�Jb���E���Fr�%1��$ڝ0�������q�<�L���'y�9y�ĥ{7Bv�z�n�7q)q�'�����L(����Z�w��M��w�܎�}��?	���'.޽>߸2���=�}w������qcN����`��=t��A D�+����L[����5oq��dL�zc�-4�2"�D�ˊ�ߊ�t�Շ�C(�i�D>K��0zCna�/�F�$x���s[�[�C>y�rL�샾},uOZ���}��Lܫ�Ĉ�����uG��ې����~R��'�F"$LKc��PFr�+'��X���܂�.	,`K����Ix�7<aZ���4uʽ�ڡ>X�[�'����M̘ƨ;��~�Q j�~���A�&?�J���ŉDN�F±fm^��΂�ݥ���sIتӆB��N�_��S�w:E�-����v�ι��"���}�в�(����Y>��gߎ�,ƯCnI�w�&�2]�A\��f��F�Ո5�PM0�ßE>����T���6x��2#Sش�j�@�`���z�˜� ~pw��/O\��sv������	���������3V���k�g��/VsUR�a�i��C�qҦ��n�Z�Z� 2\�M�e�_�N_^�%��9�1M��_������D4��? _�%���2XIzg��l�\��u�̭c�'��� ����N�
h�H|3uӼ��6$>�B{�>�ċ�Aګo�L̙�ޛ��q۹�k�ݾ�hT�U\��J�_��x��?|���2۫�I�ҮvW���*��"����a�m���l��flJ��(Ƅ7ldJp 	-�&Լ�!q��E��5�Z}���U!����|~�ݙٙ�3�{�=��z;�zڞ�/��tv�jr�l}Sc��i�9�.�w���>joTL����r����9��ƫ�� ��N��Х��6j�L��Ch�� j#��m<"<9�$��z��o#��ɷ����?�.�l�s#�M?�7��1�� ��N�L]���Lp����kh��œv��r����ͪ/n���7���M��7x4��"4]�!�mn]}n|��~������M7}Û�7�����s�����B�v}�~��<`����B]M�����9���n���#O�����i��9(U BD%Ev��-E����I��Z�AJ��KQ�DA.�w�D��I�����x�c��
�T"�&��a�'���6�C�.���B�Q�$q'C�ޚ�ѝ���5%L�a�Bx���v�"��FV�Q����톯o&$z�\羪9>�P�&�#�&�� A�K,���E�U��k|����j0r�C�G�=���2�Z��Q����g��
���ٜ<]��Ye�K�}nG�.���s��ǈ��U2�lb��QK?��d��е��5�V+WXa� ��_����
�*���;/���m��tT%��n���D>�W�c���|e�%;[�7.y��]m��jKϿ�e�p���z{�[�Y?�᪹ב7��W�7O��{�	f�����b�Y��j�fL��= ��O$��X�]4H+cE��Odm���k;h�6�R_ye�i�(G;�*�r�pDe�ih�H��FF>b�z��_��6]�s&q�����.Z�A6��k�V����Ī9D�V*���s���f��������KV�:�l��m�\��w�?д#�p��4��/��Wmx`��}鶎�K�w���yŽ/�1^��Dc���%;�	w-��dE�|t��2��p0�m�Qj�#@��oaGQ��{h?7��9<lKQ��)l��-lQx	�j]�t�wyɝ���n���^���[�^o�������M��Uwi��;W����;VS~G?�o��3��g� l>by7<��t
��gQ�h
�z���9�cO7��i�t��'�J���I�3Fɳ!���Z���s\�ٗ;�]�o3���O��j���f�.��ťo�G+]�����<`�q�۪R�?G��]�&��
�Db�T�g�Pp	���2*�/��|�|ng��@ )�$C���Z8���	��	,?�<^��P�YV[3m�[�ɒ�[�rV?Wg�-���U��^���s[v;r��=��i�n�S�g�i/9����Ch�ϰ��PQ/s?Ǟ��>"�/=�T�Ї'�����̐�	��ҷ���"�n��I/��؝��w�u?����m䉱7�����_u͜��-�MW�~�ܳ[vu_���Ey����p
(Oe�V��0�.����Jo�7�/y:�u'��ے���I>����1�kH��ώX��2ֳ!V��ܹ!׎_���;�`w��jȝ�8�P�셇�݋�mВ�IVB>)ЊzI�ZZqʞ�ϚI%|"VY����	0�X��29�{V߬�Y{g}0K�Q�xj
S�M94��)��j�1���v`����ڱ}���)iym���Q:`"�_��m~lt
{����+�Oy����TT3q	O|h������.���Ac�.�����
A��	�ݭ����\�0���fP��Q�Qzёx#�;��@�������в=�K�kq���C�_�u>7��~%����D1=� �^�������7��o�7U{m�赹���>���*T��\O��yB=ip��鈒'�<�}�	�b��їe��5>@�����_���>��!>���Du]{<�����þg`����G��k1��)s�2�V�U�b7H�*ЈݢŨ��)�*�*��j�hqe��ʮl�S�0�f� ]JLapJs(dK�~s �r)��hg!EC�r862|F����:hy�V���n�:CydX(��� Ol�Z`��gJ�	ZRq�WVE]�zp�ƃ�ص�?R��LL/k�Y�pZ}I�>\����擋~һ�g�cM��gw�vU��w���vI�;]Z^3�ۗNMχO~��?8����{��{��w|�*�r����[nju��,=��&=�!��'1��J������w��F�B�p8nT�"�ڍ ����SD�A��zy�i�*��7�^#2҂.}�Mj籧
\��ߣ'�JBѫا�tN��4DwG�^���!�-E�����ϝt��n��,Ÿ� ;\�C*�2i�~�y�gX=ƑZ�U��+&�z�뙻�c�[!.��-�`�TV�!��M-˟߿����ye�������;/Yx��~ �@CWm]��~��//^t��?�������n�k�C�ZXvp�������N"�˹g����Ќ#���?��J��e�������C!UސVs�����N�A�G`�~���v']~�rr���sh�Mڭ82d�?߬���R2�8K��pI�F>�n��|v�\ޝK�7�[��M��2��`Z��� �����g������1 �E��y�$R+���^%ѐ;#��Z�y���
�Ͻ������+�m��eǞҼ�A�YCFÀ#[*�D9�rE�?�1�'$��E+� �=]�lJH�0�op@5��"G��[I��� ��#���|�sb�61 ��;��;n_=m媎�U�%�K��X�1m��i��qĖ��x�o�.-(���CA���^���{�E�{*�،E�;�G���w6�����4���`�	�`"��%�!WDXko���p�z�>F ��>�a"dE���Z�[hr;�����|�@ �T���'�A/�){b�����p#(���1��������,2,����0�~�X�����
��b�Y����,�1��)ZD(ZJ����%������Us��*'-V��	-�gf�C��c�%-"���̄���i��c-���'�'��6j&��L�"�1N�8�5�λ[�Ԏ���3�1��c��G��<�v7jD��bmC}���'R+�c���@��Z	Mz��x�4�#�I���z��՟����^����`���WG��$l����C)�tJ��qT.z�����R�R��R�w���CK1X�T&1�v�a�؛���|�UҷC���	�&�)لAS��CP�'t��sԎ=�{�90X֓mgmN�An�(C�c��a�vף�-(`vHw};W/�Wq2�1����^�^g��1HQR�e��黇З��6D�8cF�E���Ο^�a~̞������2��q"���vv/�ʳ�����>hC�m�m��v�[���:-�w�"��&�f� �b��mY(f��ȗMf�
پ,�fk|����x]v���Z��j�q�K�pl���������eJ�|��G8u�d��5�8��m
�������Vk�����A�)���$=��Bd�M�e����T�������J�?0T
�MY��%i����M%�ٱ:�=R/�'y�=#� ~���кĐ�V�-�N��P�Q�����V�'^�U�9��3�D�Ɋif��	WG"9�l2�i��5��b�df���	l�V�Dm�N3F�FnB��kf�������s����p8\�����qÜ�3r�S}Iy�,+�B��K�K3$��,�ty�J9瑇�30#*��J�����0�Ց��hT�?�0�E���3�-;;d��T�ˎ{٩^v�[^B+���d�_��yI楤d�b��N��v�ń��@"A�c=ɵv͕�uUֈ����>mO�>�m��[��9Ys�ǔ������k�K���6�=�Y�(�&���L��
`�㵗x��@I�'�Дx�Ao�'��CF�L:U:*�q¡��hPA��e�x��R���C���k�i��p
>)���c��ޒ��n[��t����dɩ�����X�lƷ�t�Ձd,Ly��l�K��	Aٽ�10ֱ< |A<?Z"�e�(8]
�K�pC�ʩtC:��ص��J�<�-bk��^j�so��nc��%�\�q�3a ��5;Z�+�i��-M)A���*GxA�nQ��(쵖롱��fNu����ܳu�P�������{�5
��č�9��֘�X[wɨ�3�F$,�I���2������rp�O���k���j��_L+�����۱hﶟ�c`�ǟ|�4P��!>1	l#w������N,;-�Ж'�Z�����= �����Z�uB�	O:?p~��I���vb�t�v�cb���$<쿏����(���Io\6�s��:fH���E3C��l��l������;J�۹��rF+��?��y�ӆ$��@Β󷒳f0���3
�Z�z�����OY^��%�'$Z ��C�!Ba75�J��H5�,׎*��Ğ��:��k�M�j�m�s�/�w8��4V]�7��r0�}�nbWb!�7p*��#d�#�y^ƽ�'��-�zB�q�At�^d'e�seݲ>٠��y��f���*�*|r�a�D�Z.������A�®��Đ?`�9�r�c
�J+���*E�nw��Q������K!w`�c��;��o��<H��d��h�M��BC�3.������YmJ�UewC������<�d�#=�	�=�3<��b�*=��)��IUƨ�!�h����{s����:��y�e���JE�^�*�A3�:w쭷֟[��?�=����?E�<�X��0@,�w���-�=4lJƂ�UlE�5�L�"n�Ei�m�4�sfIW1{�B�����0�|
�r��;A9�GlT�+O+�R��Z�z�E!W�tH�&C�	����$%�ɧT��������0��Pxh�#�_���u��������x�]ԗ�[�{�\8_�/Ɗ�S]�R�l�l�lO�kL�K����W)JeRl��vs��^���B��͵�w�Y���]\X7�K����������*�X��i�D��Xxq�c�Yj��%7k�h���zy����	�2y�"n�"%��h�xb�@�BPR J_4���B.���rB�\n�өwAB(�ܪ�(���c�z����W)�X�>��ٓǣ�o�i�P�ڞ��β �\-�l�a�#7��z��OTCF²�����:��[�׋��e��#��\��8�:W���f	����k�}��+�s�,��}f�ðؚ��r�V���S.��k�#�b]�z��a"χEy�UQ�q�{�3��X�V8Lt@�a!�I�I6�n�V
� F ��"}��""%'11��	��|�jE��[I���Ĕ 5e~A�s�&�Ő�g��[kK���ⱈ�"�[��e�M���|��q�C���pU|���O-�c��A ǽ��?�����`�ו����~�2�B��G�
cCB��� 
��vho�-�$z�H�@Yw�/���e��\XN<<`��F4��Ǧ$t�	�C�R;�hrU�*��($�w������}�GB���ο��tNDq-��GW<��ܙ��n���<;	��Z�{8w ��k��~ٌX�5ο���Vn?<��͖3��b�q���� ^�|$��ءԩRS���!ӟ�!}*��J�h���S�� ]H�ԊJMF�������4&7����"�Lf����Wb��!��L�x�}�����8QԬ�b��jc��&���BA���z�^I6�%���}�dh+����@T�3[3���q�`�G7P�1B��T��G��`� �����M'�̒�Da>E(�ul%w4H�:�o�����	�ޘ�H[�I�����I�[�|���Wl��g�՛�R�
wDͱ������?���J�3����\ъ�p�}9<��|�@^x!w �M�E���\n��\ԣ~/^����;9.�N�U5'o�=6z�
���4آ�&[ƑT���G[n%V�{}NM� �5%�#X�ꬱ��w��[*:9�|�m1�A��;1v����G�Ȋ�����ˊ�h�mu�1	�%�)&'�I���v����'�-��8�`J����}��B4 [OT)��I� 	��FT�K��:o�>*�2Q=��f��� ���C~+��S�8�8�b皢5�ر�h��m{؆�l�+��^���.�?�)r8! FSP@؀2�,A�]C�㓢����h�D_s�6]֨w{���n�=����s��sR���?���u:9�3���I2H�<�Ӳ�p��<����Q�3��cg(��QT�Eu%�_8β�Xh�չ����O(�"���d,���< +}@=���o
��N����H��"y^C�!���.l�En�>b��y��ٹέS��9��و��υM��F�*���p� x[ނ����}b�~`2i=�J��:\��8�-�!�:���Z5�-?���t����3͙j���d�,3v��7̙�w�3}귱ɐ�c4CJ��u������m(��|Pm�#����f�@��l6#�`0�'m�8]EV�3d�@t�%n�K֥�U!U%}vwQ�9�q�`{�z���[WX�q*)\v�OU�	�!�9].��Y��M�����)A>����;�y���e���A���ì��ș	;��1֒��a+F��ʉ�Kz~�"HW���X��¦��l�m�53mk�u�m��v���o��s�^Y1�����s��7�s�kC&��OF]�����R`�4�`��Or�(�D�䘬X%ߖZt��Q�i#uڢ�N�0HG����}����*h�LM�J�V���Zy<2z�$�$,f��L��R+kE���M��M��Mf���n!rJL�$k =)F�����7�(�G�6o�e2�^%���#�Nz��Y��YS��1Y��P~5��u�lD
�Ql��H���H���I&"���!H'J����� �S�F�w���v�Ȑ�'�A�����%yy�\���q��׎ӃH	+ ������x�"��k@�%����t�:��9�
'�0��u��G�l�ac_>��ђS�j���t�a�|�� �c9u$%G'&�d���7f:ȟ������`:�ǌ�� u2$B����5������(]/vV��ZB�Ьm�O�p}��r����~8�jNa6K�#�Yƨ�ފAXtr�������S�H�'Z�W����z��_���8�ђ������V�s�X���I��n�e?3`�oar!^8�W���i>@v�]�W�Ց��\GG{E���zs�;����/����湳"�&q���7�-������#��t���ӓ�}���?���y����'�M�#��^|���Y��..9�M	�5B����Ή���xKsyys>�M�77�'��c'>6vZ����ħ��l�4~��Y76vZ��a痗����D���������_�{���$��?�/{|����x)p�Ak �	�$���ڨk�V��I�La� ���a�H�?>6�[X�����%HHB 5ٞ����1)����{���R�qǤA��[I~�^�F�BH�N�d�h42l���(�?��
+q���n �L�^�|I��t�g.�{qkŜV��eT���+bm����&U��7�.)#���^�&w��[���(�d4 ��iA
;ab2�ї#*��6�	�8�	~��dA4���05U,i��M��AL��X��H6����G�{)$2m� $� J"���BQ��A�P��S�p�h+9��ڞ�$� 7p�T����!gl�=q�M��4�$�PU0���g���iz�4�&����vg��*����P��j��VV�jǴ�!x�Q�yK������#_�>{��0�%�I�:������$R��H�Ɨ�=ٳ�l��}��a�Ӊ<x���C�
,��1�<Ƨ�AQ���6�"$:�UUf��O�|�%��C��_q}�(��zk�6�5B�F��N�v 2�[�:p�̵��e;J�ܖ�F\�(���W~x�T_��y���=������Z�������;�(�H�?݋���_������ F� �X�upSl�;�`Y��C�W��j'B]��mJkX��J>,��&�h�F���p���i����!�^��O���g�<D�n�1� �ZLQsWa�Gs�;V��o8��0�?oä��m�܂L��[��ݺ�_|El�3��;aɖ+r��}���R#ѷeē��|����XQ���@����W[-�E�O|؃����W�8f��#��U�vw��\�n5'+���taYPV�"�H����@����%��MәMfb5۪�\Q���Pr�$�
����鋲E��i������j�����xxA�l1Y-j+O�+*�J�O�6��q������Ųq1�F�0M+۵��%f!��|�L���Mi��G���0�v�?"K��@��X��,��i�Tb,P��g	p��!�H�zL��<��X!�OH������0�4��av�6蜞{f�Co��s��-^�4����[uվ��nZ�����o�j�=���v*oX0r��}>Wܼ d������}{ƌ��޾�E�f�_6kMKb��Sg��.�xj��̼ڲn�	�yN�+�i`.�K���T1y��s��@���2ȫL�~��~��:$���T<�9�����@�v�=�L#M�W�YT�3sE��q�
�^G����w;y���廪w6s�*Y��*R��M����*K5.).����F��h�����kh#�>�M�$�."���hq��X]���HS4EQs�����j*��Oi@8|��KA�1�Ij���S��sf����ڎxYٌ8�����s�bmw-���W���n�.L�+�:�/���x^�芣%n�y��꡹õ��b	R��D�͞�����dp�l%�=�^������h��N���S�q�L�[�hb�;l&��g��d�ʶ�{V���g����+j#ճ7��d/�L�k��8�h>�[�u����+)�m�
r׵��N�~�㞪��U]{��Y���Y=�|�yS�k>6��VTw�1��мd��Uͥ�G1E�����_	��ּ\�ɋT^y���������8s�8���S�P�*T�}8����(�������8����/g��b��3�+������b��Hi$�e|����!�m�!�li��c�ʆP�r[+�}uRM�>Rc��4���RTWFN��h��eb��O��|2A�d2@�z�O��rZ�x-E<kajsM<-k����q��ӣi.��˺�PYY�\V�9�[�9��\U*�"�p��Ƹ-��H2�{��� 3U,�b���F�nyypˌ�X�����Ozq�0��[�y��C���9����������x��ص+W]ն�q��S��i�˱�(���1޵��E1�kq���!t~{�0Ӵe}u��Uyf��YMɸ0#��&�h��g�'F2���9��d�����>�+���"�^x؊��"���I�F(#�0Fbz9�nɒ;M�\;#��)sY�g��K����iqQ0�!�JT�ef�\6���	g��2��d-�B�*C��7�T�g�i�%�h�I���&�JP!�
( ӂ%�nU]Q�ۋ��FcE��h��q���Q^�-�t:c���<����S��e$q�{��Ba}�H��� C܎��kŖg�o?�/��v}�^s�'�u/�_�j��}����$cZ[Z����.g4��al��2���u3�Ҿ83�>ƪ ��K�ã�Ԋ^$�d*=h�d �ɯ��$��]I��Dɤ�pXS�41�J����֋SWY�F�a^K$3{{.Y2�گ�-H&��Zsm������/���@�Q%dTj-@�bm�ZzD��Z��bf!����Ԁs�_&�h��FĆ�ڼ������q�ob�9�_*��[�A�������\�ZK}��x`�rTI<0+�l��'�'�ul��<%�o7a�� �8�x�����m���ⷐ���\�'�
�Z� �d�Z�XkGq��e�5a�=h�>�0��^���ӘǸ��T������aFT:c�k���R���>rֆ?�t=<XI{�5�^$��i�c���&������������/�\�|��E�_�; m��ٲ21[^��߅h�RCl�`�� ��7�A��x>�<��#~,���W�)N�@%�ހ�,؉P��r�A��T��z�ƥV�e2�ҥ"�O�-�e|P/�rnq�
��t�N4��#�y������V��x��uA:�v�x"�V���epjW���gUPPui�9�xI�[� �����t���@B�$\u���ȗ=��:��=#t��)5m�\��VK/�~�æ�?���<�x�����k��4k����x�,����?�^`5��n<���KW�ގv|�i�ں�M�~�,��]���BԵb��=��|2��\���\�E������P�j<pug8��-s�= ��z SC���5&�K���.�?P�u�����&_ʼ.�?h���~�!�J����&_��	�M�1�FC�/�.WiiL�~���&s@��gC����SK0{�X����XH����,��Q�y��i��H��tn��h�iz��U����3����M�34{���ФJ�%Qvd5��+�)�Ƌ���0yL�%�&��~������{L3Fe2LN���h�.�?��xP�u�&QS�0����KLpF265N�����_��{e<w����iv�fj�d;]M+���p�X\�/��=��.<w�9������'�����ܫ4�$ZQ�w��@?�J%�n\H
+p����c�ob�ֶІT�Y�Y�9��JZ�s�AN�ve�*ȑ/{�<%��X��u��d<��b����	����V�����.��F"C�1�R�U��J�D6�����"�D��<�"$�:`;m���]k1�1�R�v���B���Xpfǜ��� Hi_^�˥t�<E�6%�N��)�Rw�!Վ�G�����k��n�*9��א��)���x����*n�:(���H����`3��ׄ��xhin:|`iم���Q"W���B�|o�$���#�G	[9Q2�[��ãg�.v���$F.�L�v"�$��"���4*+�$����Y^ p�3�~����_��	2����_������x;���q�!�ŕ�Lo�� �J�i�!t�+�M�ߐW�.~!�): �ۭ2�,#���2.���"?ʰ��t(�!ċ���ø~n����pN��z��������=2
1��h��?ȟ�?�md�B�(h�����ۇ,lG�)� j�Q�S�m��R\��|^��'�0
a
�P�g�5�N~�7?��Ϝs��
F�bF7'���7��|V=ُ�}�����:�l:+ͦ#&���:;�F���5�Lx��Sޥ��ti;�o��+Ϳ�������=%Ǘ�Ͳ�V��+��eX.�*���.�J�E5R��ڤ��qA�#"Hct�^'r:Ͱ�'�8��d6$��4�7R��ī5�(d<���I�hDF#o�fh6���\��\:��b������$�RW�)�uy|Y2(��`��o�q��|~Q������K;����6�{�2�^�;��3�Nouy�@�dYͼ�f�%�u�^���Êd$q1v��lm��B�S^�/F�$�ѿ����z��ڇ4_�{��TD�QY����W�W�W�󘐇�XX�֢"�Gا��!�q�z'$4+##�rȈ�`�ڱ�R��덄���2�)e��̽h��4)��(������y<�L��ޒ�T,��G����`u���(/��R^�X��naDd�+�B��!=���)~l�`*���c��5=��l���H��L~��	ȃ�4������zH���RMM����-\:"�[5����Pd��_6?�֟�vc[���t�Bt��#�n�g�͙~�5K�����-�3��3f9:W�s׏e	1��b���"��'^p���燧��Q�Џ�~�H��[�z�2Ӈ(�?`e��j:�aj��A�xm.�Sa���>�i/���~��>o����^��D�(��V���t�/�7�OB3x
�E
�A�?�T��&i?�yFnn�:2tM{�5���s����<����\8�u��K[�����*����4����_J�b���-���B���5k44P �ؤT��J�R�
ґn$�]i态�+wT�S�����`�'���	����50Nu(�]J�S��F`&wp�
a�t��3��}��1e�,��T�L!V�(�e>�/M7ͬ!��!��m�~������W-]�� �Y)·���}�1R�|I��k�#�yk�ene]�~B��D�p�ѥ��Ա��O�_��~=����◀��x���tA�
��t�T��(Ujd�H�,�\�.�?PS�J�B����U�K�U��x��NY)9
�B(�Br�*ꀏxq�A��bX\\�^/���n�Ⱥ�\[]{\�]��l|��.W]�$D�'�:R/��n�!%�I����������f���i4�JC9�q�J�yP�Z��'uȂϻawB.�y_m��o��?��E��c^�a�U�yy��]��K��%�]h��?z�@��}��7��s/nj+�ax�e����Ư��+���{�����䦶bH~��o��n`v�P�Ŷ��{����o����ոC=͋f�g.��H�A�h�QUHqcWd�Q&��l���}E��Q�;��h���5��2:��,j��m��N���wnsb��H�uE�����(��s����>WS�`���A/�bf�&�Y}�w���{��}���������c�>ؠW&�HT�*�^�S&�XI*�%!LS6��RxX8�����i�¼�pv�
uڳ����%�$�����5��^~���\.9�~S����*s6��!�͘h_��F`��Ó*h�mD�SN�F=6|�]��S�vjM���\�;1�F�tMKGu�%X>�14��pf�չ��Yd��B��[GG�f�%#�%�|gf��=vM�t|�\c#J��hiG�|����+����z�e�̇�@a�i�f#�It�|���3����ȟK!?��2]F�����u��ul˟�b�|��ȓ�}��k:9nM��/�϶�
r�}�٣ߐ�y��`�����٪�^J���2}*��u�^�o6�M���1�TC����3���ߋv���UV�j�}žȿSY�ڇ�����.QgRC����BEVm)K'(�g�K�J��RXJM���z�?.��hVP��8���C,?P�G������[,VDS��������Oj�Lӗ=4�h/>��!O��1J�р�c�����,	��cD-��D���FD�QAV[��G�?���,èS�
�D-fC!�Ҥ��}M�C��w���c��_y��Y��fnsCrżʮ��M]�u��F��ч��ѓ�^���KW?}���_����z}e�~��kvv���U�͵����
k�k���V� Tr��k�A�*���d����0di��Ng���HP*!@{T�PYd�T+w{RA+�(�B�`�zafɀ�z���0{��GK*Z��fI'6��P*:b�dY�GOO~�IS��<��*�Dc�A!�2��O_ϭׯ��o�;�e�����ڵ"���}��u�Yؙ�"�Lߺ��������X2W�\���V%zJ�kZ��R�[���.�z%v��D���9**�Q(@�ZMF#Qw��^}� SpZ�?]:k�f�}�n�v���X�%hՉ"�]Sc�k�Z��i���L*b�%�}��}y$�ɦ|(�l���8^G��ґ
�2��N�q��3=�q��Q���VZ��:Pw�^Dy/���ɯ݁���{V��� ��[�=O�b1r�A`� �Baٴ���MC��r���ǆ�6ǦU�7_�n�.5M�^b���~Cӗ�B%3*k����S�u��'wӏ~��{.�海m���M2����J��~)�&��AP^����C�ŞQA��hw8�V�\Gr�Q%W� W�*b��&{Fo�cGv:�c�9�+���|���7b���S���˪��M�Lv�!d4џ�C�-��SF��˸׈�Q ����(��xi�Y��'TN	���0c_�VU�7 �����!�� %8��޻?��4 v_~��p|�2=1�B��_���8�r�7��U�v��F{�o��Q�&�x��jb.X���,�F�1Q�J��T�*Ɇ6N>�t�B6xz����6�b�֧�-@דV�A�#���f��-Sk���:4�o&�T�����**G�ؘ�`��.#�$Fo����{�A�<�1���m��ؠ���pJ$�9�����֝Q��fJqUIJ6�
"=�`j�(��`�d�,�1�2��?�䛇����?��b�i�ߒ۔{1�hn3�
;�4x��,t��M��W�vL�����F���QV�uP}R��fh�7Vk^���\�<ݐ��N�P�5�0dϦ������SUb��fK`��L�ȡO�-�s,KUm4ghvj?�N�I%-s��y "QaȘ(F@��ԴTvql�
�HCx�qA�=�ひ֗��2o5�>H�3��/b2!o�����
w~�D8`�mD��&�L�L@m4�lx����+/��[�WZ�bT,t���F���y����V�t�����0[,�1d�����C��a�F��q*'�&����|�/�X�v�C�w��P/��l#$�m6���kg	��>C�y2���s��K6�-��9	G�mu:p�=��ΑO�.,'b��P;���k�%��
Q��Vb���j{���M��4�I�r9��.,�h΃܏o�lN���Ig&{vο5�ln���r�E�`n:4=�*��;����.�����YPr�<�c��������<�}�Y��H�������0���|���v:(-�F��#���
�B��+JeH�6�Tj�9i��8q^���S�T �пD�3!�PaH�Ƨ�A�&�R�S�,&�xBψz�
}��s��}�|�9��;i�̳Nu��z`l���m�$�ȣ�S�2�šaZJ�0��z��l)��.�L�B�ff7��Ͻ�|<�7��Hq�^�S�O��N釾������,�?:�����8����r/�j���\;7�IL���k����=EE�w��F2�C�@ �vƑ��	vXKF���`�P�d�cGLJz���&
Oj�x�܄��SB�C^2�����G|^���{�y��r^��j�*���$��cb��O�LEc�	�N�0	��&l��v���B̩J3!IKI8�9�Pk��Òi�$�&Vf�9ɩj�$3��$A��9������3N�~oWjѭ�b�f"P�/{��)�KzV���+BK/��<rp�y�W��G�-l��w�wD]I��Ŭ�}C�f�
#�4(� ���P)Uj�L��%r(�+Lr¯v�V۴Xe`�)���/|����l�ؕ
 e2��V��˕D� �A��*�R�g�hK��#����c,�j`fM��2�B��m�1��c��Cu�X�9j�C�{�h��zB���P�`�A��w{��n���mp�Q8sq���ʵl�oG���(���:���.8W�L�A���.�j���kvzdW�\3�D�9�q���9ŀMv��۵Ժt�<hT(�u�H�W��8�Z^��Sh��5��ߊ[[qG<.V���A#:�Ej^�J�!t���"i�j�j!�*�J%
�>K�e�r��[,�[2@�^w��^���45!ÌP��f7EAb|S�`&HM�Y��A��`c�%6h�ؠ�ߵA��_Ĳ�h�;F�h��M+�m�MZ��2�$�LN�c��J!L����\�/��5���s���۸��������_Z�eݓ�J�FS�uVC�����#��Ε���7Gt��m��7��=f����#o-�
+���*J=!�y���L$?� O̾��B��5�� ��5��4XDl�!2Dr#֯u���RV;^s�)�#���!�)ۡ�[��h.��+�H_�YhŜ¬���z-�:5ƴjOS�����-�Q�B��>;�k�N��JNE����MS��Gx�W��O%�N��nU�j1�^�1rF��eTQ�dg�k�����j:,b %-%b'&X(y����(j	�4��T�e|&�|I�m�u�|Z�X�7�{,u~7w�񍫷-�t���/j�u^�7������;�_v^�&jز���o�]u�k����qY���:ؠ������iݫ�U���(zL�oD�+�5��[��^,��ë��^/(��:��i'�����dD�lHty� t�^ғ�+�QglC��1�����J[qm]�V\� �p�F���![9��+f#à|l0�H�4�&zb&��=ay�����Y��~{��2w�}N՞���'�,���8�c�h��&{י��E��W~	�Tx����������f�j��+��M"�Y,�P3 �� <q�:!�%BCX�5��.�)� r����T��dj!�� ��xa��|&��E�T�y�W���0�F�&���1�5�%�.�V��|�9�1T	MiH�,�	K)m���J�;�샕"L���c5|
��~�s/�
��XB��M����ھ������7��.wj�]7�鋧���8w]����f����=,nN��U� ���b�R	p��v_�]��3�AP��b�Ĕr
o���M3AG��4*ʡ�/�R�Y*a��Oٯ�J%DAo�~���IR�2�s/[��l4�oB�����Gc��>�Ιp@���WD�1��A�= �[ʂ.86i�Zz�Q��S�u�'��b��l%[��dTMK��F�,��l�'/%�d8?����DaZ�ב2�-�tiP*�lC���9ſ��vU��ν02%��Ax}��i�&w����s#|�H&���;��c��#c��������y�\'�W�e� ��i:C�'7;nq�)L�M�_��V�wpS�b���a�2���wr��4W{��X̖���.�z.d�(UD�>)�{~�q,$1s�j�.��,N��+-��U�U��JhR�Єp�_�S�̠�o-��9�x��Y+�%��*X�Vl�&ʥ�j
������5!g���Y[K���$:i�nA��b᪪�&D䁅�:L��X"{%c~��j3��S���/�NT���%=pC��nY��ZJ���Dׅa���o��{x����txѩ��=Ô������ǿ~a%����>�{�!7������3ܿ��(��t��Ap��`�n��լ�D�/y���B��n�-	�ٍ��ZtI�1c�+�'\��HND䪄R9~>�Y��*�p�T9�:����)z��S�x��
���9iA�N�"���$���yK{K(=]���*E}��J��b'6h���ˑ�H�в	|7��x��.����D�����p���<��&f%�X��(�H�����3�xP�R�uZU]0&@M���zp�ѫ߼��G�|hʹĢP8{��S:vN_;����z�+;������������H]��w�~��}p�����_�C������4���c,v�sǀW4 8����4T<1��캀��>z�#84zLT��v�(M\����jE�CV+Bv����S$�Q�n�C?:bz'�9�9g����1��*Z�4<iF��;?�_9�p~E�/���G�O:S�����۴4�4}����6Qa�s~���/�э�G���G��rn3�]����s�_M�;��.�?�Q��*��O��I�e�ю<Hԙ�4�D@T��(M�Z�  K��˭�$�[��X�����/�������ZIE� 	b�~������ϟ�#���0�]�潙|�w:_聅6rҜZ�,�Z�pmj��4� )�(a/lg�ϙ2�;?A��}�wC�{���3mu��v\v�zӢ�_�?ӽ��*c@�ɕAu۲M�W#����;��F^;���������ǅ�(�݀�]�����^�V2�K�b��5��ºX��@��;���I�y-���W9�!����F[�7#<Ͼ\��~���B��|��WjVZ�������BT�T&���Ä�\�AWlR��0���z�SW�(�(��i'���`U(�rU��
?���K��,y�����X�Ti��C��f�xE�B��`$ �d�l��}&���!cI�\u�{+���cσ�/-H�����@�s�_���>w�o`��K��� ~���r˽�y2��M�Or/���w`��:��B��9R��yW��4Ye;v�2��hG?�#c�T�řu���l��Դ�%�%U�S�6�7.]��zZ�/���P˪i!�DEq��V^]]lM�ԢFȨ�z=%��6��ebz[�`�e6����9F�f����A��y<�� x��e}e�e����F�>������#uS����B�)�� ����h�i4�Wt�b��~�Q���0�w���g�ݙ���,�`]�5�{�<���_ٲ�����Y�Yt2�ꧏ=�����_�~:-����n��-�]�?[���yal�oy^��u�*G�'T���)ޝm�[�۰_x���Ӗ/�?�|j��W����!�7����������-���ڛ F]]���{��g�}�|g��d&��L�ɞ��¾C�QѤ�"`�֪��h��B-V��m_�R��ikm�h��j-*���{�3I@��{�?ʇ3�{��{�=w9��s�m��պ�u�I����F|���)_��y�T_{����J�"kh�%�4����iո���t�G�Z�lZ]�.�֖A=V�iu�V����'�e���\������D	�F�mll�ov����<��"~_���Yt�WY�$���U���+`���c�������d�k�h-|9��+�wN�,&c�$��8g]C'��7����}���zJsƖU��'�u�6G�$m�t���2�=��r��� )�w1rq�ɮs˯�5�&9�٘�*�F�Rfc����t�_~��]�!���e6�rW�3.��Cƥy�̸<>��%pv걲��j娞�<�WTVF��'�R�t(�cT�(��Q�	#�a���@�C&7��O�5[0^�JV���g�X4U^��������U�H��$ǃ�LiP�۾�䃷���&����s���ylT�U.�f�e#���$�_��3�o��M}ws��o�g��4�����w���-~i(����˷~���sw���H�+��L4� _�"_(x*��â�����rN����5��k"e��]��]�nZ�[eڥ�e�Ew���2���+s���:�����=u��S��(���ZmxXv�>�����s���D�j��6{<���h��vɭ�P*�O{��M�j�峖��W&�ѝٺ�n��O�=�U�CM��z�ȿq.�.��Ӻ�����e_1eUޤ;�Ύ�4�*�qս�>z^~�݇6 �f�=Nt���?�^���0:��l2lb������hM��Y��>j��|���Y
ʉ���8î��x������>_"ִ���X�%߾�����F��]3r�+o����%�XyC�ܻ,g��&����j���왟ʵ�d��'G/R���fC!��F���@c:T�|�_�p��sס�e���\%T�,/�,���_R���VuV�g��Uѡ��U4R�6��w�����Jv$�o�t�q=.�/aGQ*�K�l0I����tZ��I<c'�9񻳥�l)9Z�N5�얏�R��1�Lf������=�E��l�,lc��y�W�fn����~�6S�a��\FI�~�������N�N��C�C����ҧ�J�{�xH�y3�d�n��C1���Ā��Z���Л���Y�m'��of��IE^�%������"�;4�Qݬ�7���J�Na���ϗ	�H��[����L[�rEH�8��2e�Z��ڟgM�T��T�Wp4��L0�L��1�d5Q�e.��|_g&��ĳ��EY��a��a�Z������@q��+������j�ޛ�q���?�y.���gn�pO�'��W]��3G+*��r�<<c����������NA�H����wݮ���"J�PcVnN�a����U^��+�ӄ�;8@9+Uk��YVv�\�7�aq�!m��bc�R��╬�F$��W�nj�a�{h�;-����+�vO�ЃfB�\�;�-�M�i�dK
���cu�;�K��/�/��d6�h��S\X�"-I�TJ��Q������l���z}�|���8I��G�ɸT��o(��n�re�+��f�D'h>v�`
΄�֢շ~�I�(��L��6`E�I�Pk4�]J���_%Kn�H��7?�3��k/Y�_~~F�}=�p|v'yo�t��QïV��>�X����7�dU~}�b�$4z,�ߟ��Dq�Y
௑��v�"n�L��}���赺��U������J^��G���9}}��͟?W�Vk%��/�V��*_��9C�t�`��\R����\0`^�`@�ӫ���}s.�=k@Y�]s��h�ėƻ��*n^j�&��7������45�7TO�Ï�S'M���`��_ʂKYpi�ߟ���n~��U�tV���F�G�x`���s��̞u��������"�J%���ҥ��:	i�l�����%�a�i	�$&��+��	�x�ia�+nܳ�*a&��S#Q}�`o�%�Uc��x[�-,�xF���g��6���h��le;�����aڹ	�|�����������c��-����{�Or_���o��Н�Fa�N�3sf����'���ô���R{��DE�v���kc��Z�������jҎ�7l�}]}�K�ښ]����#���W��B���bS$�뛷LܩP��Y��;�,-#;�]8w�,���8�-J����<�3|�G�-!'����䖊��p1X>+�)��%S�<� �ʾ[�O�� Y�^�_o����������ޯ�[�U��>��%�B���e��]}�dW_(�"l�X/G��EP�o,�)��2sY��/+S���;J�V϶Ԉ���j5��K=G��0w�;�I8�03DBl�I��խ�ѵ'�Q��d��w��@6�x�!a�5�zC�@	f�twe`�dF�[���[�`{BOS�� �l��������m�ܘOCz����|��)�|x6���k�=������]z:�����g�n��{�������}���%&����r����}�7T�����黓���l��C&�)���6�1���3�H:͝����	�������D�Q��L�\��36�8�3��I~����N�D�F<ee^���IΖ�$E���~W����q}L�	������iaX�8�9k"g����9�5%MC&ބbN<Z^n�{g�(q_l�!�(��@}�Y���Z�B�(�p��o_v��@��)�w7���(�}�c�Vb��l�qx��;$��t�Y���yե_�k��+��3�;��$��ck�5�kb��}ʴ�|_L�Y��_>?&a��|wL�(��Wy4&93��d:4��dꝌ`���,�̫�2&�~ �`	��YƘ�Df԰���yn���"c��Ĺ�� �466Ъd���z�Z^����Qr4z&z.�{���P��"c&�f�1��Rsߤ1ƌ~ƌ-����l����əg�T�|v�Ҡ���_���	�G���K��-��^��k����ղS��D�nwrgzoZ:5Ijk���=�I�L��=���,���Ij��t���?x���%�|M�$��[`I�ʣ�H�]+*�Q6�F����P��BK�
����lA9��<�.�'~�GO��e�}�C�]D#��t�S�C��f>�����c�.b!���p�g�Zx��&�gT�f3io�+��;f^��u�0j�s�}㜵�Ɋ����)��`�V�?����<
-$dHn}�l�x������]S6���)��\��O�x ���;ҩx{�uٞR�]I\[�k���2b�\���Y�1�!S!�)u���a�'�L�y�ȸeLsXX���l�OU���U�G�EW���'�n�����	��s�UNj~�L�e�z����T�}�\�~9��ߗ��F���_��烤�w�����'�����' ���R���KM�*�r�R)�M�\*'V]J�Ni5���)��KK�E]��kU:�ά�ܫ���A�n�������*���0]�ܫ��&�P�Uȳ���e��_u����Y� 2�'�0���j��Ea�ͶV�~��/t���|G�+�Uّ�&�0����`p}x}�`����I�)eԧ���H��벪Y�T�av �.���K���R��#
��M&/烦����ʭѨۧ��`6//W,1���L8)��������:�g���T�LX%)�
ګ8����V��J�X.^P�e��[�3���B�G"��E)����n�FG$0d.�`�� \Ig��b�`�������ťp�7��V�d����zi�[���M$��d�<ڵ�[�ˋ���6�5~�����ض���8����|"D�җ��~ޜZ�[/�՗O�~����n��wx����|mωC�v��*�'���(�xv�7Fv����3�s1�P�h�Fb8}��>H��2D5�8f�0)��gX�J�>�^�c� ����A��ך����/a\Tu_ya�/j�Rc�q5nUMT�WW}\$=�/}������yc�u1w���;&�r}��u�,�{I0��[P\:r+�r3�!�UuVŝʎ��5��(�v;��n���<����/n>�~����v��dءe{�e��5�d���#�
s�;�d2��ɤ�e�5U8�&�"�E�"G#|��zb�H�X�T�����*��8k'I;;����8����J�	��a��������o$��N�V�v�5v#�px�?P:w�3���;g���¥#�>rϛI��؄ES�'���&�٩Q��K���C!��n'�,���[�|�0ܳ��7mndm����@}6����GRG������zR�4�k�5KKӣڣ::�N�!퐎��9M�Z���R�4崜�z[ə�s�Tߚm=��{[�ZiC+6`�������~���`N5����?�q��4x\�����n@�TP�P�4�׹�]���m=�".W��:����M����h�fP��o�'���l%�V��<W��+�V�l�P%�V&+i%6�V�ɯ���)����>~
=��H���������w��ϛ��5�,d,��t�+���͓6QŲ�.�J+��+Ȼ�k�CD��+3˩���fdW^���|�K
�zn������ ?p�L���Wo*7�w�{�A -�Zr�k�Ϲ�ϓ�5�ײY��z��*�����z��*�W�5�X�X=�>�����*:���D2QE�j��꒺*ʩ9���3m��5�ٶ�m��m��ֵ!�Yp�����x\�w��$��gr�~�Rz�I�»Q�mni�ZR��MMu��3��9����m=����d��*�G��v�%�ށɜ"S�����8��ي�׳g�yu�ƓqG���~9�����2���t�?�zA�7���g�����췡j��������������W�`m�v�4��fW��'����/�����W~��&�&��'�~�.�{�%LY*�>4��� כ�٬�,.7�{��@��P���ŔJ�I��mE��r/LTY����q��˯�j�Q�q�9�]RMb�a
�A<�X_����㊾&���y�����;G�th��~WT��=��s�kS����;�Ԉjt��1��Ļp5�3�K%:�dc�ϡ�l 7s?��.�$oyȫ�@���yϫ�bnvm�l��.��u5�h�+��p�]϶�����1�W~���Ob�ڝ�:����5BuC�t
�&
��1���-�=�����M�ǵ����&벚+�{ӿ�]�;��\��0Q�(�ܿp�E��+!N�c����Vaۻ�lkB����*=x\vwX�6{�'��D����v/�\�ֱ��5��/0��sY��0�ꮁORu�����u��V���IF���lZ)��S����Y;g�XV��A�֤5k�Z�L���`���.���E��+��~<{���������Z�+l������Vz]��K����˯�X�X��ׅV�����dܻ&�C�)|�R�򔹂	�PQUQ��|����B,r���M��u�M��x��]YC�_�eJ��1'̋���U*^�z!vy��+����9�0�)��i<�I����*�Ħ%��ȁ�-��~?��G��g����������V|���Z&C�����^�-<N�����r���}���T�����q4-�Ffs5ҹ�زJ��'	�kC5�wm�y�6ܱ��?��Zz�+�ʸ7�3�v�;��)%k�T;	�8�����6_Od����5F(G�������������&w�9x�B�S�l�rx:��O��z���3zi�O�J4��&�K��!)9#%C����R>+�)d~ż���kd�y�k%��Y��/��%ޒ�%��%�X��Z2%�K� G���3ш�;z`�����_U�E��W0�5�F���Ik�\ˇ�c~^�]ۈ�w�����my�{��o�[�ڶ��,Z1��5��D_��'�=�Y��1����j}��%�С?�y�ѿ^|�ߟ'j���\�?�Y��ĕ]�-�)�G�gCH�a�՘�M4h�����
}���~�����:y��6��L�&�Yi�9.jsĢoH�E�zX_��R�ʠ�q�U���v�����e}Yz��My/=G��f��|%><y����|����N�+���O�������HRuNE�rYi0Ws�3�p���3�hG8���)Tԡ[+C��<��]KS��UT�u��ZT�����Ԣ�y�?�N:�*|�tz�G?{2�ԟ�Tt����Ҝ5��ݞ}թ�]���&��aOh�f�Ɔ�'��%Y�3oƥ�~ͬE�(vc���}!�o亹!�餜�	e��+�հ���8�L��q��ӛ	a&H�fC�)N���'��x/��z�0a8l��"��5=c���c�N�ƨ`�QA�ˣ��;+^�Gl�}���=o����<cMt�j��Y3���}��y��uQH^���K3vƽ�<�_�R���\v��l��f��io1�Y���D��X�V�/d4��B�p2�YQ*�#�[�N���TrKDF��'pn��d��칋��Q��������O.ӄ� �<,W�U:��C�>׷���^ʢ���9�v��	����â�}����N8�8�)VP����Z�l��
�-p�bf�_�e5����W���ƚ�͢w����U8��%]�~kӞ��Ь�����GɜE���®�M��C���of]���YH�����RW&gyǳ��1w�����0�v���c��7��,�-QH���^I�Y�1��oߟ�?���T?�o��B'��v������m]]]�|�m�b��W���m�~�+��;i��p��"��;��� ���+g�"�#�1��H���iӧw�4��Cxj �T��JEgw7��;8��<cF��P�����bͽ�����P_U�4
]�$����n�ƸI�I����No&�z�1��38�R9�S1��%�\�����-i���3z�;�;��nwrvdv���$ؖyRrX���s~��an�Q�hc�S�&엋�Y����x�<V�PMKLg��ǅ��������q
�ˮ�b��-���\"p�B�6����'=������:�U>���.U���,)��u�����:�VG����ɱ�ù�ut6�M5�:��S�(��H�Z^�0�f�������5�͕e�
��-8k�����vv���p:6�qNHy�g�e�!i��O�J�&E���p<��]�w}j�2VM��s׽m��p�Q�t�)��ۥ!2m�p�Ps	������c�c�J�R��u��T�@�zL$���V�W���0Z�V�=���eA��L!��K����Vw/���t�����a�X����؀{��̝��]X::�������ݰ�f��S�w5��zS��s���c����������`����+�Qq#�w�ɖ�v���@qN
�]c1��h5�/i���o��7}}��kw�ِ�_�q`��t�����V~���ٵ_�]�޺�'�OuOZ�g�[	�'���/[���W��`���؟��J����^���`b$!���}����	f��]l7���\���,"#����T-�S�6[Z��D��<��V���Z��������?d=b=n=m�X�g�����>v7K��n�dO�xKtY1�GF|�}G}�|Χ��x_�e�h�Șs��{�.ߪ�H� =�벶@ET(����.\uT0t�Q��N���B���4%����ef1�G�B&�~��Ӡ�	�օi}['�zS��Zf!��gi�d�)�N6׶Ϯ�m��\�Z9�<	��I���ɲy��p�r,Wӗ%�Ф-��>e�1�Wzgᦐ;���Jr�to�+����R�UyO�s����Q�,K������u�lli�dTi��Z�u�^�JM����vszc��<���ԝ��a#6+���HYY*�V��\--�2[��_���ƱEıE����&���8???�ŏď�O�%����[D%���`��"2��o2�u��H��>3��3���/���z��"�D��n&*������ġ�`���RWo���޷�����������y��o��p@���j4�����`k���Y(��������I�@lOG��cM�;��ݗ6}�V����.ZȲlV&����k���z�E��k%^��	Gk$ ⺔5�,�6�qRk����$mḦ�&���� O�<O��^?���ʎ�(Sl���x�?���o�H��>M$�Q�C����T58���!TW#��I>N��Iܣ4+�GS��[ .�`ĻY��{������3	s&BMc.p�}0Zƭ�
�@���$��0 ��c�@R0�����9*8������+��6�	g��Oc��0�[&4�	��`��rn�p��E�o7��G�j��ij�Vl�ώxm������Tm�2j��[+���ӵ�����S����}�큝'h�к�Duy�J��]XWv��n��Q�����b��jt�N*d��jA`W�g# ���:J����$~�J���ƣ���1�v=�!s���r�PT#�Q:�JZl�Y樨�q+k9e�	�6a��&�R�������E;b$^�9t7v����@�T�0 {���R��[� Vd�I\#ɢ���'E�;X\0����e���b��}|�|�����ӑm�#Q_@��+�)_�w��tO��W�ݷ.X����M^��_�:.#�go���j��u��Lp��b�D,�TK�YVn!.K���9��2s�%���������.���[.)�Z,A���A�&�Yo����v5ԡ9�3�5�v8�Y�O	as<ǎk���lM�S�e}:-s���6�JEg?���n[��L$&����'����`�5�R!���
ҫ8�8��u�#��
^q��Ț9�զ78e}� ;�oKf�>��-H��_g5L��1i����N�YY��y�M2G���1֓��v60Ӈ�20 �����x/, �r�Nк�҂�/�ĉ�n�/����vh2�8U(`��ŉ��Jwg8v&�\e����:=LR���؜k�U��~ �]sCs�+b���6�_lEK2�l���QJs����b/�(�Uov���`z$�.�p:c�
�^�J!��am��R��ղ�^mЎ��݊�Ĵ����a;M�[�v~�~�~�������K��*W؅ &�b��s�U�{�Uyq�������Щ���C�!>t��	�w��w���������Ө g3�!P��{�B�;`�
f�����ۯ�
��+*x'N�"���f�H;�)r�ј�p�Ly��ެk�,νH���'=3�&������[����Ӽ:?>��o�q��d���FB<	�G.W�LF���9�g�rG0�< �����4h������ (p$p<p: 	�P9�%B��"��x�ą��dD}X}T}J-��z���WO�,?ά���"��vV�~`��;�
�)jd�#*���	L)��p���L��ێ�v��q9��]PZMi�v���\7�=���h������5�>[�NOʩ��s�0#�\#��H���[Hf�j�|~����#~�B�h����p��4%�N�A�%<[|R��L�t: �`�]hA\�T����r��M���L�7�q���`��Pe?JX�EL���
u]缙��9�`f�\h���.��r�޴*cdF;�K���]���f�M�rݒ_J�P͵��삛UJx��I���&�,�84�5�^�s���Ht�G\�s�3�����nFIIj����5m����ڠ=.i�*��#�����@�#������.4���5���)ldz~E~Ca
���S��g$�جVSH�*ȐbDAC
�W�dƐ	����J�) ��}ZТ*R��{���(X�QPT.�Ei�IL��|��w�����1���z�[��`���8L=A�\`LYJOpK0�S���?D%�i�/R��^϶�I��?����.�ak̙V4������k�y�|��u���,�1��湑���ꑺ���8'w���~7?����-�������'�o��H�a�Ýg��O���Or�v�64�?`;Y(�ayZ�9���^�V�HB���B������3�*�yb8��p8���q8��Z�A�g��pD8.�f*a��ĆÙ�m?�+n?�[�~(g*2�:�:�:���+�U��۔N�f�q�m��b`+ڏ�"X��B�Q!��A?Ȇ6�#����I�������t��ag��������9Ϝ�8A����ov�l��h��?@F�d\��T�B ޼�d�/O o\Y��1Q����&�h/&'"��=�{4&CMI�p�ZC42Q�kwb7����N��X��Gq��Q섞⚋Yc�L9�!�<�7LyX�����R\��m�hr&�6����56�0{Ȼ�^V�qfa��^DKY�@<��M�-��f�,-p�Y}���D�,`��U�;�ڿ̩�ːcP��֍��U�(��e�z*'��΋�L����#��V��z��xt��I�x,f�YC�������i4j��{�_��8�/Ά#e�e�!�xV�eA�K�ؔlR��&�$M���FV��*�p�$�X�I�MH�$N%����[�HM��©�7e�g��XBf� 2��q�?����&�i�H0n5]v�lt�8��dT�a)h�
��~#���c�-���&��+�
>}����X�YG-���y�ҏ>LϮ+����2����z��݃F|��ՆP2.)ȗu���uQ!&�����Eא7�b�ܛ�F9���	Ӄ�C�Gۏ�KZX�ji�Z�YX�D�m��p��t�]�SR��e��--�1���!�Cag�F��������A��_
QyR1��
dz���%#g+$G*NUPO�K**���^p���.g����PN����+G����cH�Y#�	���q�n��Q!��#P�����P��FUw@��������`Á��������'�/M��~���L#��G�?���Ĕ�j���K.j���>��K«>~�p�������+B~?�w��t:���`r�
��r�(+�`��ۉ=��V����і�<��Ŭ� �{����@PW���`�iq"�A���qf47K�L~b͸�7��=f�g�'�o��1K̅������ �"�L�@�u��Ѧ�����M���L��/n��&
�n�ި0%�C����i�ʨo��]�_�Ϊ۽�UA^�T�ظ{����\���D�u��d�=��F����={��ɩ0��p>�Փ�l�ߝK���߬�_�}���Z~o��ڧ��z�#��D=�TH�h��V�
��<*�+�
�EA���N�{ց�h?d:b:f�{M������5�'����bZ-7�?���α�}v{}}2�D�$����(r�?��6030��ń��c� ����-����b�e+��D}�8���*X�h�2��Q���
�lA���BT\���~|Ne]�d�W�[��D���r~%y���b��5=#�fF�J��ɓ�NQ�9��R��YqC��(�)v�.�9g��,K�XZg���v�6.��B;F�Ю��)��k��>�W����E	}Cr��M�Ax����[�Ox��oGB�Anw�`i�2d�"ݢ��
�����''��|v�]V��Y�R%��1��<ɖ�O}�� y5�]�]f�2ƛ���V�@ܚ*Ay�8��k�,��K.��d�<����12���7�Y�)9�U������+���g�߇!��*��'p�����!v>�o]����-])�
��U}�U|M���#�;̣�QQ
�DB�z$��6E�l=�]/~������.�RoO�Y��"�hoP�Vnq�N���sEV��r���O;��j)v>��
�x��tX�L�ߟȵ���K}!+^b!���Nٵc�)�?
����e�A�\փ�I�k�>��#lagd�(;fNN͵���&�'ۓ�7��~��_���p�ܵl�ȧ�%����1o���#�[�������{����J�?��gsg��3D��v�,ʘ=Y<[��<`���שu����c�c���s���H����j0��X�$q=>���[}��c�2��Ge�9��E�g��fu�#4[x�ڋA��}P*cm*Ę ��X2L���!�=-���1�S2
��/��w�:�)�i7��o���E������c�q� ��p>��%�-�-R�5�L(�˘l13/�J���r9m�U�p	��8�-[������N�gLh�a_��#-�F}sSQE��ܯϧ"5/�q�OVG+W�P��9�_�0眗	2��'�䖅\=�r������h���퀤u4�쀘�:��?�S��`���X�Ǹ��������Hɂ�XlK�h�u�k�!����a[X��Um���LU��:J\�hIL;Tq��X�]�ݭ�u���<�K,ֲġ(9=�G�ǢOEyOtst8z(*�FceѨZ��.�^=?����e�1���*�q��\�t�4j��P��e�G�z0�K����qY�
=���H���O��%�Cz��Ǭ�Z�� ����a�T��Y܆�VO�g�s�#9�!l1z��{�<��9������dH�̈́�Rl}��`��������T8|s���K8�֮j�	������l��uD�놉��3`�7�5��c�0
J��t�N2�ܛ[�z];�9�L�;k�zA.�0��/D�����z%s�ݚ��5��K���n��^ܟ��L�6R]����8#�l������s)]�J���[�'괣�I�?Q�e����o��~�Z���2�Ϋc����j����5��̒}�v�f���%�^oRȕ�J�0y]�y���W��C��JJ%އ�]Ann���a�0b��\�R��r����Z��k�#h3�E������=�,L=�ni}�:�yN+�NNʤEv��o� Έ��6�yC/��%�޳x�>���ܷ�[����Gs����-�0ݵ����O���#_6�@B/���&�����%�9�Et�r�A�=�ۮ������q�9v�����ޣ���S�s^��Z����~��7�6��/�u�C�C��t��V�ߑ�	�{9WM�f������o��'ެ�_�z)�J�7����o4����W��T�\���W.s�q GM�f�!�i�sy\	W�K�vv/�׭�}��%%��^ƛ#f2l&��y3=d>���y��{Y7��US�c��2Yuu�XT
�� �$)�kQ�7d8j�G��0?%#�ر{A�-�ĉ��@�J�����&��9A���n��-
a�&���¶p��}��+��$�+*�-��?�9�.����,����*��tj>}$�^�'����˞FA��nr;��e�t�<����?�G×�E6�k���j�����x����7�3\4I�0�������W��������g�^���Җ�f�.��\�Ʉ��n d���D��(E}c�1�V6��1��y�I--5�F*-�A��]��R���:t�Et�^�[�Ts��-�����j��IϨ�b�24[F�-;^v�L�ˆ����zY��׉鯔�?���)ilO�:*$���Q��; �
��YC�,*EQmoqS��1�>�븏-��\�kh)f����o8fwN��^�FO�k�����r֩O�3���\Z��_��i��np�����G�,�s�æ��gn�tO�Z��������\���w�6���d�)v��]��k���L��F�����c�S��S�3�BFff3C,(�!.E�#��D�t�l�IK>��=����䡤$�L%�ɲhyyu:TV�s���II�K[��q�\t㧪��QF���VKQ�G�(c�%�P�Jn}�8XI�+�N9�<�<��(O�d��T)��J�B�H �~�l�A���/��g��Ca�H�p�.��
�	K�l����_>��G'�ŉ�ؐ�6�O���4���C�?�}��F>݁Ҩ�+����)�f�6�Tn�ZK�Ln�9J	���ا>�&��0ݰ�M�c�4\vp���ش@o8�Y���7O�����ɜk���t��6�6�L�5���a�V�%y@2)wlW��=便�>
fzI��m�ɕ���P�m��iyLʽ��ځ�������V�4>���`�ɀ�;�h��D��Ξ*�ޗ���H�RU�����e�>�&��#-|�����湖H���W�����^�,G`�h7J|�t�>R�`D����&�dʬ��u���B7[�-�x�h}�k����Z[��8s�s�Z�<��3�\,��������|ۣ��?��l%�O��I������ 
��@�ck��ڗ�y��mM�'��'��e��,� ���������^hp{��P0h�Ye��v���b(5���T���LB\w�'*�d��Y��y��No3�^!-���p�0��Tl�xQ���V���rn���P��meq���1{Et-:!�"ڬl���"�N�Y�6�
"z#��W��2$��2aRZ��=�/�x�W�!ߴ�{�>o^D��5�ܭ�ߚQ7{�/U��n��{|Ҳ+�sw���R��d�6��θ����Uf���Go�O�eLC�4�f�f??R#�|K�֫m�E�d7s:�I�UUv$�!*�!�j󘼰!��MG+A���?�${ņ����������-c�;���M�V�y7���'�k�!�\�	��nxv|Ǳ�����ɟ�+^�gWn���廎����ʡn|���@�3�C6��r�dS�MD��}0Gr<�)��G=���l:��W�Lp�)n/����<�_Ꮙ9L�;r�Eo��6����K��8}ۖ�g��%-���-���lf2�*�Ifcw=g�;��H6�)�mQSt��)z����!�5G5���5�^3Qhaӊ�}���!-��a;��ȸr�*]�WŲe��/���ڶ�53�|ms�������B!�oXM�XVk'���P�I�y�)�VN�������X��DFvg�cJ]5O�DS"�ġ;'�kU��b�|�<��'�����I�,���q�ܟ��vr'�����6I���
��[��c����J*]�-�D������}j��lQ�B.�ϥ��S�e2��Z��c��T{gg���GR$�ʲ!����u��ё:RW�Wz�E2��M�bgB��#$�яʊ
�-Z���-k�6��i)э����ˆ7�o�qj�*�1o�UD4�a�4�Fet��T<t��&bB���w�������n'xm��q�XSMي���Eϧ�N��X��,aO���k?=}vos�,Ug	9K�fI?���n�ԓ�\�k}��Ź{���oH�]�L���on�VU���L��R2{t����3-�q	+��'��$�[q��n}�ۮ=�8�����Jȥ�������b��d�᎐L��A�A�opw�׹��<�������*�έT�a�n�Q��nzܼ���Su!�*�5����G���^�8xEv5���[	4%^�y�-�\.}0���!z4#�`h(4���s���1iI�S�s�wTtD�n���!%*��1)����L���7���%z`�(��@���8����̫-sq����1������n��� _�ɥE�VS���%�����B����h�M�4}?�����oK��������Y�"A���{��ݑ;��pk�?oX��{��}.w|Ym��k��v��?P�V�.���k��� b҉l탒�'%'��I����%5��/�q���v;�9�	wsw;r={��D�Y׳1=��N�R� �`4�/�ެ��A.�_�A/L���a7;v�#�����]��?~L�K'D����A�]*�ʂ�.F@��Y�� �.F�g�]�3��jӣR�!�N���{�;���#���7se|3燿f.�G85�Ǚᯇe�T�z��Oˠ*!M��y���O��L6����2�m���9
���_xａ�7�x�K\�t�Q�v��\P|����������<�������j�TN269;�e�G�<®.�D2x!�U>~�;杇�^}����}�^vG��U���Q}����s_����//{���`�m7}��Oߞ9����P����ۍ�����v�tם����/�К�3r�_��8�b���<ӈe��#6 6�Op<y�=%?dH9D�C�,��93`���iRs��.6�6�� ��k  ��1��t'��'� �@��a�7�Ӏ��+	x��Kc�4��4 !�޽�Ҭ�w6!.����[�� ��Km����{���t�0f[~`b'��I�YH�!=��H/@z`=~���Am���9�n�b=|�aC� ���>�i��zn��!=q<m�4 �m�z�m��n��H�ac�A) M�Ӡ��gF�!=q�܄5ل���m�|6A�m�b�ۀM�&�i��&H�ѳ1��3�»�.�m����<P�������i<��������^��"�!}�;5���\H�1n����5�34_|�� � ��������������))��� �?�i�s?�0�%�c4u�O��� ?̿Hb�#���p/�0�O��
P����?gH%���P�{P�h�o�� �=L�=��{����[���iv��6�
(��Ie~.`2�La���q���;�h�:�EՈ:�/ ��6D�3��у1�^�����X��P�r�x�x�x�x�x�x�x�x��!��!�P�B �ɀZ�<��0�X�?X��DL1�w�)�� �C��vD1�X�?Aa1��r,��c�d>D�@�' �JX�B�S	�y@(/ �<�Ak� B���T1;��T�_�
�Oa��C���3���� ����cX��X��@L"��M^�/�0?�*�[@	{��P�bR=�� n� �vX��i�	 ��b�G�V�1P�~@�=��<�9wCY��@��B�-0�!��R%k���k��:��@@#�%_hCځ��у��퐪���XXy��1��b_ah�Z*�B,C,T#��_-�]���B���i�tZ,�K���i�tZ,�K���i�tZ,�K��ri�\Z,�˥�ri�\Z,���o���]�J�$bU~`�ѐ>CC�8�i�v��[ ��� tc��e��3���	_�`e��I���
,�e�Cax��@� MP�.���? :�v�_���bP`=�1��b�z1�Q@� �� ���+��)��.C�1�X�XX��u@��a����Wp�L�hv/�F��F�i���TB�{0|�tH�f�� �b�����w.Ɛ�H�Cz=��qc�Q�@�!~mF��4�6ĩ��v#�`�= ��8�̄t`c���p �W`�@7B�À,�FL��g4K��\ 8�Yj��ڝ����s�����w Y6a6a6�}��P?M4˥�� �!�&(�Ӎ�|�ǐ���&�"Y�_�CV`�J�W!�Ɣײ�B�X�v�w 7���V3~��N��s�^�� �-���9iE.�b�Z!o{��B��8;�`?�/��[!�w�F� �y���VH-i> 8�g�V��8�!�;S�[S�[S �/ ��[S >{:�6���֣��H���O��4�� %�Bw��6H�����r� ����%���vg�C��!Hg*p�^�fD�N�B)�9�
9�p:�3`��
�dq��7@�]�*8@��.X�2|j����l��l��܅�߅m��NE����^��7�3����[��Rta)��NL7�wc)���؏�!��g��ߍy�n���nl�t�z߀q���	�=�{�\��{���@{�[=�a�6�Y��2��M�[N�pg1�,Ő�+0|%ҫ�6z���q���	q+�lGz~}Ҭ����Ѐ���A�5� �À���蕻���i��_l�=Ǻi��5�s1|>�/`�B)���Fr�\�W.��Aĥ��0��H���V"�
q5��Az-�:Lg��4�C� nE܅�ޚ�c�ta�c����g:�����1x����8��g`�����d�q +���0��E�B��t� )φ�`�Ά�n�}H�Al���3�B�}��o�#�>އ}��
p��>ț�}�Ҽ�΅t� �~7��\Hgp*��9���\�;� �d#�<�ɣ��g̓� ��8ߝ�u2�� ��10d	>e)���p��m�C=�8�X��`�[ \f�
ĕ0*.�xp���6|�p!�`qDZ��,�t�\��B��BH�7��a�Zm�=]�17��㰔b�!���"����R���p�y7�J����s2 c�����N��~D6v-Ƨ�a��8,�1d>e��,������_y~P���B��.Ad1!?����B�/n���[� �5�z�t9��� @j�Q~X�#�r�k��ȿG���k�1dd��8����ƮՐ�� \�4��j��Ր�W YyWcj������,��du!��s-��Z,�ZLa-��;��Ho@d5�kx��:c����᜻c�ú]�u�k`~k=�t��!������z��zl{�o��k1d�a__�-d��p�� #!�|�[�����0�b�� ���x����X��-mĖ�s�[�Fx��P�9@��M��&H�Q@��M��M�Y|ل�|��&�7A
�nC�qs3�z��;��
��~���wB^\	��N��N���,� �݀��0���D��k�0�.�����Xc7c���䠷@H��)�uȐ�&��l�( �&�M�<����C�Q�(�/�ȴܾ�s��]Z2!��sr�h�����O.W�\�i�Vr{�{Z���^�t���F��@N'�r���\v�@�S�x��L�#�4��hп-�rn�������YZ��
��~M~�@�p�����*U�ZC��]��\@�9!�Y>h6!-Z��i�@Z��w!�@����:i��EZ�s��\�%�u.�b���X�"-ֹH+�N�*�*i�����3㫹E����>j��@k�GҪ	�-aeq�eTO�2�q/�zV�X^�F�	���[0�#m���w_Fڅq�2�'��L���=����HW �g�bB�����.��!�˥�$�W�n����m�6���ܵ��L�_[�f���b�Jv4���r� l5���ۆ�V¿+!�N�s<߈�^n��cm��������)-�w&A���	�dix�
�ݿJa.��Vș���o&�*x6�����;�:E/<eO����Xn��������[��3��&LQ|�~��_����l���/�ˬ���^S����k<e�Z��+�RkW���s:g�jØ�0���w/�q�Z�O+�r�	8��˽k�����{!�Ӱ�V`����*��KC�c�&��*|�=ۆu����Y9Ɓb]��P��2��r����n���\��uqe�-��m���/�������Lv�}�;$�g��"$!����MY:3��6=�CwO�D	�

O1�QYd�!�EEDAdS� ((|U�5�����������dnwUu�nݭ��)��ЯD��i�f��X8�x��eD#��~�ɓ�^�A�V��{�s�-M�����y�<�@,�)�Z��J���N�,q����+��ҟW�t�~�D}D��%l��2�g�2p���������'}h�F��FR��G��6]��=��tN<���S<]��G������g+�H�wty8�B߅Ģ=�Ո.)'���`)d�R2�G��S��;�̺��$F�U��Cl8st���6?�A+�[��ye)��U����<�����V��Y��
���7�M�$6Gt�5��TA)��y�GP�AB	�#{xo���K���:�SP����EE���D�̓>�Ez�Ȋ*˳��;��r�_rƊ^VC}�^Q�l��kh&���"+��z�!���"
jb5kA�'��P�&WDU�Ƴ�D����+N����T�%ύR/|�$���B�!����j,��	���/x8��_}U���׉X�
%���	J<[�Jܢ�͊[«�SPE�	�e�5֍ZT�*��#�2�@p�����/�DV$��zdĀ�w8U-�K�5֡dm*�3������:�D��T�DPփ����@�B{Đ�"Ⴒ�e�k5��FyѤ^|��~���J5����Z�����|��YE"*��b�[�W��Ђ���ë�3�.,�I�U$dO������)�HdN�i����v�W�C�'h~�;D⽚�,��EvV�ʒ�U�2�S��Wx�,�M*[���;y�Q�Y^�P�$	�T\b�(�Z61������uɲ�E��ʞ2��p�) �U�@
d��(b��O�����" ��ЍL��:e�__"�K�L�9E�'�ez��XP4�5ѭi��]����$�������tyP6j|��f�H��e�BU.�J�ec�j)�%?q �E��pd��s����c�O��e܂D���L��2ZV�� %x���$�E�y�"X���٣����h��2�E�����j(�悭s��}x;ۡi�c�P$/�_�rbG"R�H�)�^��DY�]�0Z���1�n��\��g���S� ĜSF@�l&�FrH$f�����26�5l�HX�t�x��!����xbttva7�MPRI@�g��#7D�Z,�p4w��ȳ(zh��'�E��r9�}ՅXɠ��^�:i�}����r�u��h�2s��Q�!����8(��hg|�?�]5�ȱ�z�lXjxװհ�m2l6���)AIMV��Q��f"�R��Gz���T�H�y�>P�WIz�:���N�;yI�s���AYb	�Ձ>�̙%�J��d�.��l��d��:��U�Ld<���_=�) �L8ӳ8���@.SBx���*��T���ѳ�������D259�JyHD�x\DNz>�U7�[���V�����Q���D2�#(�ֳ��X<��W��e䥜z��������<X@�F3�@F,ҼW�QqP-�΀�,�Q��>�d!�j�X]CE�T�W���I'��[�\ͱn�buդ�#c�ʜ4�Ś��*6�s�Ϩ�곦B�Xx���W�e����.��*�3�ڙ�h���:oY�J�`��ID�U���j�����N%�fEDs�$�׫d�����:	�Hd�g�ѯ���o
<�]���8'A(���j"Hy��V��!,&Tׁ��A!��LlB�k�qp����b`f�y*��ٜD~>���Z#����]���m���wE�$��Hd\w9h�H�M���@����z��A�����ߋ������":��~�����I��{"�_6��{��Q�H�R�	��]t)������%���\=���k����{b����w�����d�5C6�+�Ο㻒�;;�����O��]@��s��kj��'p
Ԯ�ZՁ���#�0�2����Y��3��LأK�{�n�n�.7 �'���
�f���<��y���32� �� � �@(�H����=��wӠ.��X� 4�@c�4��;����#H��8��mA;��v@q�茬&ɦ�`�H����MH)�F�
���x����H����Y�/��~�?ʈ�uF��P��$��Q�<�@Qqx<F�1`,G�L�U!�zET�!Iy�t|����ɏdV�bH�d&�I`2���i�T����`:�3�L0�s�\0<�ρ�`x,��bh/�%`)x	���PP��W�
��^�a`X�o�5������z�l��&�|��p�l�`'�v���?��	��������3�9� �W��|�#�[p|����8���{�8�	~g�YT������p\��K�2�~W�5p�n�����	n�;�	�`4�c`]Xև��l�ư	l
���l	[�G �q�5l��v�=� ;�N�3��	0v�4C�B��$�S`*�
���|���`L��7̄}`��a?��� 8�Ca̅y0���8����'�h8��� �:� �����EP��2���P�*Ԡ�X
��8N���8N��>���a%�g�Yp6���y��,|·��p!\���p	\
�_�/�e�X��W�
��_��o�Up5|�߆k�;�߅��up=� 7���p�?�[�V�n��p'�wÏ�?��	���������3�9��_�+x~�����-<
����qx������x������'x��?�_�x�
/���
�^���u�;�o�[��'��0��2�Ȅ0&&�	c&��b��r�.S����2����7x�i�4e�1͙LK|R�a�G�8�5ӆi˴/0�LG�ә�g�D��1f��Xcg��d&�Ie�2���]�1|�Icҙ�7���a����\&��d1��!�P&��e��	6f83�Ɍbǧ��1�d�3��q2Sȸ7#2O��9���22�c�3
�2�g����)c&0�I�df
3��Ɣ3�S���t�����df1��9�\f��,�3�Y�<�,[C�^�C?���땽���u)��W��.���6�S��!�vL-fKR�s��L�"�^�٬�J�CG'��
�X0񄄦�.�+��:5�v���59	�sp��t�@Ge���~M0I:�7J�8e�(�� �۫�A�(o����l��):���*:��UB�'�,�ZMy� ���|�-ď?��#�l��3!h��tJ3B�x���so�Cx���C����O%4�*�<�A���[�&/�U���)\(uH�_yU?�J@VL>AEӅ�"�HB�J���B����K��U�����0�7���@"dEsc}�R���ok�/E"��~����Cq�~U�F��d~땵<إ�櫾,Ј�u�C�Bi�Nʹ�l�4�R�o��zo��Vzo���͔���VJ�x���$J�)�x�TJ�(M�4�ӛ�LJ��4��'Q�$��D�(~�O��I?��'Q�$��D���@�E�H7���wR�N��k��w
!�3�YDhx�(I�j���
��)"���t��{�W�R��!*I��~����h��%�- 2�������
2#�Q}���!n�GN���^g�ǯRc�]#kf��1ⓑ^�'��"�܂�#z�?⯕�z,�hL2S�Q��Q��Q�e�}�W�?4��;p0�u��W��JBi���ZwQ.����L���SS��=��!,���Ȭ�Y]w�j���b���5�o�s�kc�^1�ч)[%�`		ͦ\���l�+Q�*�TQ����f�n���{krT�"�+�^�蠍4f�ƙmvJ��^�A@�o0eE���Y��d����� VԠ���jx���B��B���~:{�>�_�=�.�O:<h����A�e5�!(κԈ4�I�F�2p���S^ 4r�*�ȡȵ\s�c��7G��V����P���EPE5�$pe�,#$z�̓W�B�n�5�(�
������E��*��Q��J�V#�7l�:JESxm4��!x��~���M��jt�r��w"r��oD�&,S�[óez5�#b��7�A�#{�>�����B!�t�W��&�1�»!�1b�����ǣ��S�䙁~f��!�RLf�h�q�!�d�����ߐ�CT1*;7�v�#��E
����l��(i4`�]x7N�L�[o�F�`Ha]�Y���R9�۠�e��Q�;��2D�B�
�W�]�Qr������%N<�ƙ)�Pj��F���$J�)M�4��4J�)͠4�R=��[8��Lq��Lq���L���)���)���)��7��L�ih���j���f���o���o���o���o���o���o��V�o��V�o��V�o��4�ڬ�J��J�i����k�R|+ŷR|ŷQ|ŷQ|ŧ��f��6�o��6�o��6�o��6�o��6�o��v�k��v�k��t'��)����)����)����)�������{?g�I�Iu|ڻ�w��s� d~�0�������Q
��A?���y�p �������9�k�A����P�*��N�}+�G�P���aj�@h��E���&$p�L�M�+�h���p�A--^m5��N~��e�6��}�rl���uϼ����{�����]���]UE�\�aW�TpE\7��77��Y��sg�m�z�!.��Y�y�5Gr�&C�����s�MDl�a��@1��f{���\G�a��t��CS>g�+(Ţ	2#�k�8�K�P�E~F5�F	O���=՞:�{�!AQ��A;�+�\rv�M`�,\�+���!�P>p峘�r�{�圆[fV��ب��]��/�1��=o��܁�1s����X�r�'�:�~2�Z�����Y��x�U��Y�E���<�~s�
=�,����#��O������7�<�r�4 lQ��G/�N);�w.������p��&�����(�͕��l�0����P��v\��=+����C�%�Yh���2C~�X�pV|��1���u�jWզ2�>�P�Z�u�T5��'�v�~�-�"���¸:�=���#���gD�Y��3� �m��r��	��L�P!�q�O�L;q:������]�,�"!ꩆ��u�׎j�o8r{��K��֬���lKI]�OҺ�8�t��%��-Jo�vӞ�y�O�<�4����W2pu�=�OU`R>U��?rO�?i�ql��ec�^���m�+��w����y����=���Vjء����9]f/=�%�ў���C7-�l�{�����?�ˬo�yޞF+�=q����䙍��g��/���=�u������5O�S�o����ɺ�1�]������N��M�7����x��o���||����Mٖ�V�}��_����M����'��QO�h�ʻ��|N�'�J37�b�MXl�p��	����}��W7��F��+��o}D }��M0�����z��O���P�\7?µ��׈v��p%�V䩶�ŷր��GbE���]+`@���U��[��~���ɳޚ��u��K'v�lw�[W8[|��}�7��f��2�hѱ�e1��\z���)r��Ͽ�����p�֜�7�������͙Wnv)j������7��95u@�u��ܫŔM��{�Yb�ֱ�4'��Ǿ��~fV��'�/�Y�_R�qw��?��s��N��<:�p�S#�����W��1z_݆�_y�\ގ����;�)��q��>��@�ҟ_1��c\ӣ��ee,m6���s��\�0���7�WF�"n�����Y�����+����ZӠۺ;>��(W~�ߌ��#FgB���K��FW.�K��UY*������JF�"�$�<(�@␄d�+�r��m��B!ZJ�9�n�;��8ݯ�ƹ;{�0�*[�y������-�_;{��DX�c>��|�cN�Ŭ�]@���{��������{&?:�g�viNʌugϾ n��xP�/W�4a��|ڕN���{ḏ;Ol����~g����\�<jٯ/��|�[N��)�����U���ԏ��/�Zz��l�0�� �λ�x�CzF2g�=41U�*ke��$��QPU����X6ͯ�eE�ʈk��ܜT���p�������j|S�;H���cs7.U`�A�g;y����Å�LD��lGG��'����m�쁅f�N�l�8 X8��0οm˅-S.>u�d��[��)�¾�;���6��Yt!=g��-�ƶ=��1��P����ݮ���η.~����W_�6MM��Ŋ�Vq��H)���t��泗�ٶ"�.wv��Ζ�z������������g�v�s��0����un{~����Y�*����ۮ�V��X��U�,��|���xh|��GoΌn��#	�;���/{�*N)zb��GV��9v�S�/�Ǫn��{�tݰe���1���W���gn��c {��kM�|ta�/��Ɛ�9}�s��J{?M��V!��t_G��Xc�-r\e_X�{&ml�A�1بŃ�Ǚ�p��PQW��U8�9x+q����7�T�?S}e�'�3��̥�؅� $��q����܌k��N=b2֌@�@�cldlvu��[�{�p&Mr�x�'6}�̕O����e\�r�J�?�u}�O��{��mcʾ��O7o�O[ӵ��&��t���k�/�i�-yi֖w[�+m}�EӘ���[,Gf�����Y�{�[����Q�Ilw��$�`�iA���n�hR�j��䇇NY��j�c'��O[!���ϟ�9�����3�8�'���h�#��Ǝ�6aW���
�E�����u�vm
7?z���C�ߓ��� 80&����Ǚ-)Ձq_�e��b�+,[�D�,�����)�Y�\,��P�Ż�S���w����]_����5^b�{W����h�ao67p ~/�Nݜ�-�B��7�#{55 g�?�+�C�߰�;�gF��q��^W���ls�}��~_:���1Y]��l\�ʁw�.J]����qht�:���ǡ�E��>fu�5cA�!�I/�8�ǲ;ݦ���PT�yiII������w����)�폸p�=Ycި?gI TME�j"�x�XR�Ԋ�Ӹ^z�IE���Ze��ӌ��k�k�=Q������71�>����eX"�z��g�(��z�jx���Ր.��p���	�h��#����XUq5���;@R�_U�g˫�7���բ	�'�I���r�����_������6v���5 W�)i���������G:����Ҷf�������Th6��:e�i�3ose���~u���Ѳ�|��M��q�,����'G���yc��K�L�7q�|�܎�B
����򏤿��Xv����X��6��M�wW��S���kG�����w~�\��0\3����^[���a��"cF}���G��鉎��X�#3G牛�6������^)���l�5?�c����L��s+������7���(nb ����/u�	�^U��F{q8���j!�q�i�E��Q�/��Aw�$��7DfY���\�Xw�.������ʹ�Q������2��ҫ�i���֗����A��g,��皮���P��'����җv�]�o�;z���K�Ҭ!������/�پ��/�6`�ٟ�wv�j���ʾ�+��u��z�u�����߼�hhn}�=�ή19�����0ӒMo;v��>�jl��9�1�u��x9j5�0�+����ؠ\����>o��M!���fHգі��Ț����'����T.�b7��h�ŵV)ʧ�����߯ϴ���z|_���[7zܫ�yS2�]�z}�Z�7��������u&�X�ݪ�a��@�����p�u���_���}/�~���_��z�OƱY�]��~��<�g���|/b�ދ/{�[;����\:rĺ?���l�iaa�o�~�����;�t/\�f-~� ��Lx
endstream
endobj
395 0 obj
<</Type /Font
/BaseFont /TimesNewRoman
/Subtype /TrueType
/FirstChar 32
/LastChar 255
/Widths 396 0 R
/FontDescriptor 397 0 R
/Encoding /WinAnsiEncoding
>>
endobj
396 0 obj
[ 250 333 408 500 500 833 778 180 333 333 500 564 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 564 564 564 444 921 722 667 667 722 611 556 722 722 333 389 722 611 889 722 722 556 722 667 556 611 722 722 944 722 722 611 333 278 333 469 500 333 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444 480 200 480 541 778 500 778 333 500 444 1000 500 500 333 1000 556 333 889 778 611 778 778 333 333 444 444 350 500 1000 333 980 389 333 722 778 444 722 250 333 500 500 500 500 200 500 333 760 276 500 564 333 760 333 400 549 300 300 333 536 453 250 333 300 310 500 750 750 750 444 722 722 722 722 722 722 889 667 611 611 611 611 333 333 333 333 722 722 722 722 722 722 722 564 722 722 722 722 722 722 556 500 444 444 444 444 444 444 667 444 444 444 444 444 278 278 278 278 500 500 500 500 500 500 500 549 500 500 500 500 500 500 500 500 ]
endobj
397 0 obj
<</Type /FontDescriptor
/FontName /TimesNewRoman
/FontWeight /Regular
/Descent -216
/Ascent 891
/AvgWidth 778
/Flags 32
/FontBBox [-167 -307 1009 1007]
/ItalicAngle 0
/StemV 70
/MissingWidth 778
/CapHeight 662
/FontFile2 394 0 R
>>
endobj
398 0 obj
<</Length 124548
/Filter /FlateDecode
/Length1 193400>>
stream
x��y�\U�7�N�өs�N��繫�����t�;=&�t:�$bHB��!(\0�DqPQT:/�I����(8# � ��[��;�˽�����=����k�{����k�}�I""��F&�._���+�𳧉��V�[;��7ξ�ȵ�Ȱ焵���ܹ�H�&fmZ=�r�[W���G������k?w����"�{�8o�m;o#:�Dd���K/N�x��'���D���g��=��E�-���?s���#;ֻ�g���m��۪�D{V�����[�{Çn}�{Dɷ]�}��-?��_ ����v4���6�~%����]��p��Y�^$r���z���}���dx_�^�gl6<�M�Q�w���;���&0�v�O�����[�]�G2|��=;.�y�rQq���C���h�s�_�����(1-͆�O��O�������?ٳ��o��󙗯~�:�ݶ��#Ib �5��$��nx�ꗯ��=׾�q��4H����R���)��P3�����豙o2wa�\+7�B�^�l0،V��`4�B��F�/ί�9�v���|�`>��R�5%ݷ����?����L�$��H�
L��t��B�c�H'���Ak��:�wP����"Ə�^G~2�h_�t5R)�ԅ4��r.�BZ�{ }k��:"��X/���I5�De�'"EPn3=IU�"Z�T6��X?�U���6�����9G=o�Ig��5^��"w#yў��?f����>E7�����X{#斍�U�O@~���>��R�)�h>���e�f%�����*̙�'��v��i�׃�Ƀ~�X�OJ_����bj#�87ƈs�t�Lȗ	�^%1��߱�q2,j��gHO����$���Dt���#߅�����kHB���Z��F͗p�����-���[�y�����u$�H�%Ӈ�ӟi�ʖ�S��	�چ�V��Ȏ���qH;�ܱl�u�E�l�%�їEʃw��He��μ�ٚ���1�D��,WB��������w�t�ː��o��:��p��H��?�A��|��xN�r$��cR�q�Ọ�Ԓґ|s���U�+�ލ�i=���%�g9kN��f�`��Z̃sr�l�	�jݗ�@�HA$ł{5�d���������{���r��2��l������d~�Ġh-� ��:&ϳ�qn<@%���}������>����}����������L9��,�9�(�b!P֜�|���^k*�
�94j:��g�{^���0=J�3|���BfpF��_r����Jg��ݠe��݈<czԐ6=*��w6k��pY+͗���5IZ}�s:��x��O����;iʿ3?���(��-���R)9������d+K��#�������H�Fp�G��t �@��)���X��;�
X�%�}�o@��	�{~]���#�9F�^!s�"K"���W��s�$r�g����s�3��JlX7�m`��4� ��rY�v������r:'��������sv�����)����ٍ�YǱ~d=�:n~�������	���u���>�C��W
]��y�ui�S�y�eQ���oo^jxs�[j��9=�����~�O�y�i>�v��3����ŰI-�)�e8lv�u?�Aq��%��͠i��>�f�"��`/�n�@s߅�5>CQ�;��nh>m|7	{9E[��h�56H1_A)�Oa���|N��v
9�1��m4�z�|���g���v��B.��
b�C�K���g4XAiA�{\9�e�-%L���Ĝ�����4z-Z6y�X��en��a��-:��%A+��/y��h��@E������尣ˍ����Ų���}��\:����
�������C�;�����Z#��{;��/�2N�;(kYݸz��Zb��:��^���˅_�6���+C�l�|�	��^�M�v9�s��]9����U�$I�X,������*�V��D[n*l��'�-K|�y͒�;�{[�k�[���+�+�����Ε=a������7�hyA�c��/j�G7i�^�Y^�H֥\�]�ԴZ=7��X�-	�%�!Z�SN�~�by��s��,[q*�"�!�"8ڟ_�23Z{K��~w��u���Q�jA-��qK�7�+�=�w8.�%�?����,II)#5����B�1I�0���e�҉����Kh
�@Nq8:�G�+�K�s"vH�%��|=Օ�dLOq���_FE�Jn�vGԏ���(U�$��d�i]U��k���]"��KR@��51:�RǑ�oJ���&�w��%���$I;CJ&%i]KT��_K�\��
0hǰ�x��%���_��M���/j�$I��ȅ���-� �d$�(��F� I4?�<@�5�F���x�9 :�	�"W�%�t�PP%��O��%P#O�E�]��:i�~��� `��P0Ja���q�6�A	�&LQ0M	�%��,� s��S� �7*R���%* ���NmͿR�J�U*vX���_��*�u�vQ`7՚���:`������z ���'Z,� �Q?ఀKh��<��b�Q�hp����	��%�Kip�6��)��8�
� ��I�����泴���@˛��j�g�DZ���\+�:�|�<�Nh��^+�zZ��N<����4m�u���� �*�i����i��L O�:pml����� �	x&�
��N<�t6m<�N<�� <�7t>m����3���C�v�w�Y�x	���]J��z:�7�F:�M���ta���J^F;/��w�%ͧ�
��m�z��x%��*zS�I�z3��^Co|����M�^K�^G� �IW4N��zz����tU��G��?���t5��k �O�@�h7��Z�����<D�w��a���Q�x3��zO�g�1����^�O�� o����)� �mt#��~�n��>�<Hw�G ?#�g����st3�]��ǚ?���q��	��	�y��?�S�w�m�_ |�����Ч��>�����>� }��~�>x�f�L{�?���Uj ~��~�Q��'��t7�7����۴��#���]��!�G�7H�����O_j��~@P�!}�	�(}������������A���M�'�[�G�g�m�C���������|�~A>)�S��/�����4�G����~�[z�w����ǀO�c���>#��x���#=�<����B��t��W�9�����'�ߦ�=�"���+�����o����&���:��:��:��=���������uz���:���������?��?����	�{�.;�&���Mȍ&���G<nA��f�Y,v��b�:l$��fsYmV�5�@@��d59�S��l��m� �1�bs�,s�Ų��wI���lj��lN���ύ�ف��&N���Y�-��f@�����֪�����\����x�ш~�݂f;"fq�16<�dù��f��׭�	��`<�N�p��۪�8���gw����8�D2Z�&AD`(��`oE��:&��8��dL�f��qta=׉�L.G�K���6��;@>�^:�@ sQ������8���fc� N@K9�"V�aw;J;�`&[�6���d,�xʼ���8Ϲ�O²a5CJL&ԅH8AM"�[�#��#����ȟ�!�eey�[�v�Ghfy��O�h6�Y���Aͭo�v�l2[]������mm}Ne.��%в�RYd��ǅ`3�X�,���X����c���T<��`-yD��9y���,�cr�,���n?�`uq�D��:��j7Z�c�Q����($������l�#��8�䑷ez8]|L,N�G��ab~:X�37�T��ڒG�]H���"���r�Y
y	�k�<�>��#垗G3��e_,�Av��<:q� ��^qy�Z'	ˣi�V!�,"s�M�7 \첽u��	��0�ֹڼ<2%�ʣ���Q 0uCe������贳Ҳ񑬲���VY����B��̚W�G��7!���<b��&،��B����#7�����;Z�C�,�V��3���G����n��N���	�¿��ɣu>���`�<:�<��-ȣ��g��P�&�Ƒ��
�!o�ǜ<��B!�,����B��|�,�� �&3��D�0,%ˬ��W�]�������v�Iv�.~(gqy��֚�G����"�!���)^�L��6��!�G���ۺٸ8p���P`�]NXN��ᰛMf;� ���r`��`�idK�j�Ɠ�.眈�ٍc6�s	}�T���Ź��h6˨��I �N�Kq�F�h�V�lS����'��aj���n1:�-��т~x+�1s�(b��9��.�c��C���m���1+��#p��<�`W8`�����~;���&C1B3
��%[Kɱ�	�fr���V#c�x:��+V���e3�Vf,o˧w�m.�*@��❊粳�B�;X1�)Sm|�Ł�.�WZŦ�E�'�܁�PQ\l�N����z����a���sV�6��.l�؝� De�jEmDjKA���G�hb�G���|�9y[���<���Ւ21���5���x}�z6����j�#�+���R]6U������Ȟ��Ŭ�y��}A�۰AB!������B�vf�QTG�
J���)��"�S�(��`�lw��2��E\�yt-�c���0-t ϣ�a�� �ͬ88:�NvXe�.�ݐGGKU��%�N6��CGۄ<Z�ʣEyTU�Ef]eҁ+�.7��z]`���*�f���B����2��6g�\��{-�j�<z4Yȣݮ���;p\�Q�� m�)�w��2��S��I�
�'^�,04n��������v�L.�u�;/t�1�T+ɲxd�����@���q:e���a�X��b<<�˼*� p�sS�#��y��r8����!s	�X��QpS�|��\Cd��݌'{,�c�h��-�r|��ဉ�
tp�!$,��yy�����e��3�͠�����)�eoE&��|[T���ߢv�n��V�Iȓl�$���xLB��}�4vV(��X$\N����qc��S�\�K@��f�W�8]����U��<�4�a��簄�~�qnVV�I��
�q8�*x�p�ʱ�usxe�(٥�����VPr���J��
����G7.:f�nEn�(P(���d����탏�)n�hw��K�"�2������X2��3��p���D���c�e�LWKfݠ�ⰶ��d�{�	Κ��l�X"7�AݲC�!Ea�nw�q�����
���S〉���f+>�Nh-j��ќ����c��ˉ��Ȼ�n�\�1x�'1s�8,��#2S����z��G����V����/W��|'�$���>��f��q�B�IXz�
�Ƥ�XL�@Nt]�tf"�B�	�*�q� �������N�U5���
y��U>��??𷃣���A����[�<n.�
��2| �����@��_4>����Ɋ��V�s!���&�KUu�ͥ���)�
y���໮(��8u��á�zN3��n7�#� �c�v.��.�DhiNթbQ��Ş�"Pd���e����!ƀE\��z\L:\F��;9'�E9� ��Rݯ7����k�G�4'�ncۊ���@���\3�)������ b�S8��Y�2;|a=>����Ņ�P�¥�/E�x�
4,sw$f-,����������{�	����	��8��*�R�@@���Ҳ犰�nV��@������ۅ�egyT=�Y�6]w9�����B>6�n��qԮ���v����Q�fwij��)�G�8?�
��0�8�l]4���aO&�I�h�֊��xK���2{��=��ă3����<>����4+t3�+��hA�+�ha��]UV�6W��@���vV�}�5Pa����nYȬ��m����a�.��#xkE���ȚK��=x�q]�"���9d�)��tqN ��W	r�`�B~8
�듽Vه}��#�o�c�ui0G��l��${�'c�#�<r+�p+���x8z\�X�zx4����Tͮ�_�X�8���p�7((C0���̎��EOgW,�j 8�d� ����U��x���Iw9=����=�����ӭ�`rYi��
���eeQ$��Wh��7^�{!��!�i^����u�[��|�G�)^��|�A�x�ل�Êt�����%5�K�h����}���/SQʂm	6��"�B�ձ[�5?�R�fc�
�G4M�����,��=8���j^/k^h��w����Ո���ɸ�x�����e4�����&m��6��u�N�ݢ��{�\g���8
�`G��af��j�|j��J4:^((�_����֖�oI�.���J�}〣S�K�ɘ2�-]�S�٦�#>�m�j}"��#����Cn=�i^���C�B>/����>0�M �Y��P�^�EB��q�`�#�ϧ���v3�C �Lj�/�#^o|S f>'[,�0�.�U���?]:K�q� *�\�3Q�D�T��F.���x����]q��D�=��JP���_W��/$@���9���؛_:�(� �
#���<�x����V�)vRU�?�p����G�� �p?(o��U�����J���l�,�S,%��|�8�@ ��uN5<�=.sΫ��l�����9�ͪ ��:+ �Ԝ������aX|��uV�^�"H��U��XLምY�y���h�x"t4\P�mjЉk�u���e�������P��Qqa#m����)�����Ȃh�cz@qD|ٗS<8����J ��B7:�zT��κ��K�w�Tz�7��A�F�i��E��Ez��ZF��>��(��սzlN&��)�[�1UXG8��ɇ,������1��3S�d.Dx�zU5���z�ۆ��p�z�x��]}��S�@���@�p/4�/\Z��;=��W���%�=<�d�H�ZqN�Bq�*[�}85�`�){�X{bzo���OU�_(P�-8*f�6����Z^gO 
a�c��v�0�S�y���T�l��^�ɜf�it(]xސ�4�:u�Y<|���I���3�T9�	f���3hIД�t���ހ�qᕣ1N,h"2�A5�yAlUg�����x2��'c�TR�R �:���r����<�h��CǄ��@"��恟�0q{���^�^�8�w�!��a�ߋ���0C}~=���	��DМ��?�y����a��	7�{��<� ��f5��-K&�*Q*���Y=��QG��y�r0���²'�OþP���hdy���HTK=,bX��k�c�[�8�!��myR�z���
� ��p��45ay���dz(�SAO�т4-=� O��g��A�c��o��~�%�	���CA;O�}��!�<b�PCv$9�z��+��~��n�[�<B_�I�Ly8z�Ahf���A_�,h:��~��dy���a��fdlC��7��^��G�=y{SƓ�䘄��<��a�3������p쐐Ǹ'cy����&��0�^�����X58�^�� �I���^Y����`��Oy@�Pd���1�9�%��\P�q�T������&�c������ow��^\p��Jy=D�R�ШkZ!�g��󷶣���Ŗ,	E"�@,&k�P6�":Zr�HO#?|j6p�.�������  �M���V����Y����N�O�Fs.ٗ���'��v�+�ix�i>���/��h9F�.b�i6�@0by��v�<�"9�aܶ��%G�Ѩ�d�Q#����%P��	9�zx�=���+�q=�E������ ��8jY��{|!��q����(X�iѸ/��%ܸV~a{���D�c��'WL�C�lm�˘2��%�n�T��4W.�1�c�8v���Z,w���`L�E��p�����ߠT���>�J$������.�Z.'"�P0��@�hd�	4��l0T�K�R�(�ᐐ	�G�	LS�>R�#����;��iD��9�n�����O�?z�s�p�B<�GC������x*����x)���i�Q	hW: m��n�/��c���O�[+Ή��`��^�G�)H$Jn%PJ��z�x�.������z)O��z���	+�~d�c�h�%Z۹��Ȣ�5Q��z8�7�,�P�)x�j\�k0�q1��+�z�x ��j����7���xK�2*��Qo�	�ď/$B%�X��;\x$3��+�QCxt+�۷�#)]�@* �NDݝ
��8lq�ǘ2�q+�+�T�Å+�9&@'=��O���lZ����hJMŋ�h*�D�T�ݏ�쇺�e� //�ׯA�6Ǣ�HfX/���D*A�E�� x�����D.�Jtt$�bю8�R����bA_0����/L��)^$ƫ���J�zЯ�J��ڝ%�K�CP�ˊ��#5,���(��T"��z�D9��dSa�Tө8a���K�s�.%��p&���[ڽA �HeS~��&�,��
��U�M�	��.����V¸˱@��Je��@�т���!�l��`�D��m6��v�|L�ao\�3;�88��d� �7�2PR~�t*�Ct%�	o*�
f����y\g�e� ޒ�@T�T�s8ʌ=���V9@cu�J�L0	2�PZ�=�VQa{��/1�����P��p
f����3lEP) ���T6�TSS�S �cg@�T��s�T"��g�����F `�\Β/���Aw8�W҂z2���D.���T��T:�ǒ�� �.��T"]Hg�]]�J"���u�K�_��hO�?��G��b$�e 1��뒕l.�ޠ�Z����K�:Kn81Q�#�C���B�4v�
Z���e�B6��f��lni6.���P���m�P4
�Am�>�/�2�-d[+
��KTيط�D��\���Y��p�܊'�ij�MA(��
�l��h�<gm������k�B����G=��;�%ug6�%�8���C�O֟�f�pW6�b)Cn}�h6Ze����I�����hX�����^quf������l�މ M��S��#�x8�o�f�ђǣ����@�_�-D[?n��!O1M��h>�]-<K��R�*e!O=�1:��8v��+�B��fӉT����l�P��g�E-գ*4���������j8Φ��tT�B�z1�+d��d:U���Ϧr��B��?ߙN��ox��3��P��P,�gS&��+D���?�kn��P��7���Q�P��n/����,�?��,�7�H��`�T[I���]�R�����B!�4�FbPɞHL�Ɣr,�uo,�G�K���J�֊�������P�����^-ދ��q�"�v��m�4-����
��B����<������`�l��XAl����V���e�B� �'0�mmm���t!X�f�rW�X�
f�^�b���աA�\�2�t��b�t$���F8Fz�$LE��B!�ۃ Mٷ��$����xA�W|�V)a{�R��m��b����b�,�'c�x2�{�*JoO�ct�$q�6УP:��S6���UȕJ��Y.�3$���p["	<[b�h(_����t�S���\(�@�t.���] {��-vJ�ŋ�z��!�-�~P<�'bA�8x��(E�sbx�+��T�%"������VHQ�d,6P��'����h�J� "�5[�b�B�����+J�RO�4��d8����Pk�(���h,p�,#�J����B��X[E��6��Q,�K$��MOT����R�����x��Jƒp��_e�`��p�!Ћ��� 6(��W*l����V(��@>�bvf�)��=����J��2Ӹ�T.*!PJ�����B���`>��t$�d$���8���2�L���B)3��r�PO{{"����kɒ���3����M�JL�D%!�L!ƴJ"YP�%�dLOƒ�@[)��J�JLh�X�b��(U{�z�~�@��_*T*�<�	�����h0�&��p8���-�ya�
�\!���r��/䊅E	���gK�R��dI��|a|K�_
�RLES�p4V�cS��+�P;$4��J�(����t7y<�\:=֯��������|>=\��j����p�������]ˡe���������&�s�?��������\�3�����L�kݵ֊gAɉ*?3�\�>��Ʊx.�.�j}���y,ٖN��j���8����<����ؠRaI����v�i�����ݵt-ݖ������tw��Z�ϥ��U�U�`t%R��r�i���+��������\&�M�����x�cz��/�Ŏ����1�b�8�l�^϶��z_�S�����`1X����isݹ�֊iw&Wрe��Zx2��:kiT�u��c�k�S�ȿJ���e�z�Z�Ti�wז�*��m�ZGWo�����L&�g�\*����L��SϤ3���r%���{;;�k�r�2����/��j�΁����˻��+��[6���"0W�j!]�[']M�����l<�'����{r�̈́��si��u����/��|/k!M?jX� ,��K{�z{�Ձ�X~q}�w����T��Y����C��P�-Ֆ�����`[��-����T�/�br�@��đ�<[�6Qem�a�&�V���ۦzі/�z����@o>,��m��to��to~�тl���K��7����:�߁�l����p��3�����q���H?<��<�bo�7Uʇzs�}���^���m�m9���X�z'nWm`�TH�e��Jx�t�c~yO�R�Tz�/�U�W @�̜0��_�����m}z�p��T"�b{�Rj /bL�ފ���b������1��'c�qEo^��M��C+�9��N�
��z�NF�]�΁��ީ�.(�N�s`�0Y��Df"WN�r�d!��(�
}��Z�^~zz��o���U뮯(���S {���7�3зf͢��u��|[:��C�J]�\�-��wʥ����bv��N�t=40X*�˅��t[�h��F	.A�TZ;�³Уz��� ��(���u��&K�}�G�F�}��k{�֬���j��D+��j	�d�Zj+A{�ʃ�<8:�ZQH![֪��3��B!V���F�kG�V��-��7=�i�,	���,�e��m�A�@�싖�a��>��1::��х��&{r���`������FJ�jr07�����584ؗC��R����hI�&��}e���G'��L%�U��֬-q,�8�Q��_��]� ���׮�z;K���P�:�������J�����h���8��J�/0X��)��Xr\;4X
�J�����!���S��c��c��ѩ��`w_�hrtp�`��hW/�9:��f:���B����u�r��L9�h0\.���z���di�ڱ�������E}'���ëA�����e��C��2����u�[%_�-�}�u,��j�\����ֱlYm�=����䳰��ѱ*z�ɵk+%��ۧ(HtU��̄�jw W���ՓƆ�Ɔ-��V��^;6�hj�khll��� ܀�j����Ֆ�v�]᙮jWW[KNT�Ŭ/[�e�k�(�'��]�څО��]��鮍X����S[�ƗaZ�K.�V7��Mm�nd��*�qE��HTO�CCxXg����]���0��}c��jWw78299Y]V�ve���ں���*���Pbx�<��뚪���Pb�����`q��ʮZ�^ZT�On�X�X=y����=�0޿�h�S7������N��w�d�S��Ԙ�^�Զ��q�k�+n�jb��k(<ֵx2��'c�q��x5*�MU'8��N�>{�[��6�zEllx`hp*;5�ڱᩩE�C�c�Vdǻ
ݱZ���ź*�mm��B�<2�Uk�C+we�ՍW�OL�/^2��sjj|� �����UcSg��������[���6��9�^�S��j�T�*=�33�S�ť���R1'��w���ݸ�^%�r�*
�R���ֵp6�B�P��R)����M�c���U�����S�WM��exGu F����=]��k�����,��^o/�n ;>�j��"������E��H�}�to����T�o˪�����@�5�xj�ҋ��}��:�[�e������Oy8��
�꛰��8<�ªU��]4����7�/���S���P��Ep^����3�Ba�}����⮩�S������T�T����-��ƻ�>�>�>�j]w��:\�l�R�X?}��E��ˎ/,�r4���6NO��-�O��[�[��d3Sb{�R�L���U��͇c=5��?����)��Xrܲ|���V�S[�s���8�4�1����U'�NL�/[U��:ujbժ�Q��Յ���DwOGۢ�D�J��[�.]��w�_=2�_(ԷlY�|�*|dr|KϪU˧O��Ɨ�4�j���Ϝ>>q!��[�j_{>�?1P�o��'��Y3��������R.D��U����[����/7Υh�7��gQ�D�d~/�{iYh�.�.��#5�e���2�n�uƏ�gr�N0m4�fzw�����z2�L'��Z�+9�L''��'oMޖ�Lʜ�ħ�|��:5����iCڒV�޴���t9=�ޜޚ1d�L*G9CΕSs�\0�es�p�s��v��]��.wC�c����{s�羖�N���Os���G�c�M�3����hh6�o1���`�p�_	��e��I2�M'�N5��?��`��zr���/���ڳ������9�7��ܓ��pߓ�%w������ܷ��~Qj6�O5��A���D����̥��^.�\x9��_�����Z���ȕG��󓏼���~ۑK�܍��(G�q�-?�y���o8rϑw��������]Kt�<��ЎC��V;��P�P��'&�X�D�=Oԟ�x��D���t�w���:�s�u���x��������z�s'�9�9�:�<3? $h����ͥ7!��~�o���W���%�N�C0�d82W{�����y����;�H�+�*õ�~�%��������	Ri75��t=K��;�tz����Ч�y�#��>Fw҃�u��Ng��Bߢ���&=Dߦ��w�W�������Y:��@�&�M?������Φ��:�Υ��f��.�t��K�b��^O��7Л��fz+���[�r���
�-���K��/I�A2J&z�^�> }P�Q���I/If�"Y�e�C҇��H�n�n�l�]rHN�c���/�W�ҭ�'�OI�I�K����>#}V��t�4+��7���i��O�������$�$K��{$��H���tD�J�t�t��t�Z�~��җ�җ%����]RP
I_��*����b�פ�����s���RRJIߐ��)}K�����CRZ�HY)'}OzXzD����t���
RQj�'�)�G�(����8��~LOH�����J�I����,�E���7��RI������O�,�$��F�`0&��`1X6��`78N�� �Š<�T1h�T�:��o���!l����!n�mH�RM�4���!m����!o(��6����k�.�<�'}Ez����Jo�t5�Y��HOӗ�Vz�4L�K#�%����^���7IZ�@��'��4������K�[Q=^ͧ��P8���T:���ŶR��R��uֻ�{z��,^22:6>1�t����+gV����5k׽�׮�p�)_w�i�6��glٺ���g�}ι���/�y�%���o|ӛ����.�u���~�U�q�5��}�u�|��{���������7�D��G>z�-��'n��n���w���g?w���ƾ����_�Ͻ�����t���կ}�~�[���w��������=�cz짏|�g��#c�Y7�dxhp�������zg��Zi/�ڊ�|.�I���x,	����ӼUq��ج��h��}2�tSr6�i֔�LMU��ٌ���4l�M�i�+��&7�a�W���m�2r�5rda��&i�Ҟ��$g��$�K'���wNd6$g� �3��G�e�S)LHN�O$g�M��٥�n�=�i��u:�3�[�v��p��Di6�ٱW
K�`L�5�MR�����l(3��s���̮>q��D$��Pi����Ȝ>K��Y�,�и�f�2>k�$���еɽ�v_�_��7�][2[6o\?kܼ�����l�MO�V��w|����F��'�g%��{����[N\lo��Xs���v/��ׁ��k���pՆ���U�2�'�S�η53�-��N��3c�����քw�Қ7����=�#�L�^�>��]�l�<���k޸/4����ҾW���׭�\򱅭}�$�siz�e%�(�1�<#	L�gp�~[�i���?o�0kv8r֬}|�nu��y��9�b�_���ӯl�<�bɩ!.��,���˳��,���8x
�E���~�~�͙j�G�A��:@�T�|��:��]'�oՓtz�A#���M�s`�G���Y��)I��P`��-��OQ�����Y��?tom�O��L�x�����Ms��^��Z���o�4���7Fs%C�(z!�se�k֔�?��-��6H�h��Kg�MS-���J�/'�o>ǳDvt����W����
�\��@ؔ7L�;y�n�+��B�޽4�\�{������N�$���{�ca���M��߼������6�ۥH����f�kN�;"]�������Y��[8�il��,��ߓ�����V�%�F�$�a����=#D�D�I4���%m��6���oh����/����ǲP܋����M�}.w����79��	eT5yi���%H�!�h��m��kd?��Z�����V��k�~\A]�&�@������.�mv�{'w���M:I����V�X�%�gx-k�l�k5��J�fQO"� �@��9$��P��&�I�x��H�#݂t�Ǌ�l]�hĤ�GgW)�ԁd�M&�+S�*&�b��n6Y�dr4���=XĸoR`j�W���Ql���F8Z ��F*PR�=��+���
�J���Q�s�"Ld��ؚ��X�?�%�%�ˤH���O�a7�K��>2��A��4k�K�t��/t9���jT:y#�]���Ri��n�D}��?�O���n(1�p���*�S��գ>���[�P��_ �#y�7��$Y�y�>E���~���O�Hm����MTG~��2��a?m�[���Q,�G�یoCv/�n���i������<��gw2~O7T�����sȇQOaT �<`<�:��$������Q�q?��dI G�np����~�6�"?�6^A:�;�ok���&���W�~��p�Ov��ڍg	1>�?/v��|�F��먆d Q�D�I��c�gPzlz�y�yX<�%�����0�ƃ��f�MX�P�Q����j|(���Ih�l��͘����İ��_��'t��?�7����Gٳ/�	?j�] ݛ[���710�2�MP�
A��/�
�7�]Ln�syꗃ��P� �z�G��E2a�:�a��d�����J]��x������J<`��ѧ��zZ�l�`R�x��\�����m�4:'�g����`\�ؒ �'6�.O\���^�ϸJ�bU#�i57��(,m�[r5���aL&��r����+i,���	��8m�x�}}`M�I�`F}���o1�ŉ�	��Y$x\��:x\�#�E1�⸽�D2����T���� ]��%�#HfѺ	ɀ�v��ɀ;PWG�6!�B�� �sHVz�X�>���B�E:�d�ځG;���$�d#J��G���r�r����M��/W/��Fzr����T�6�w�wٍ5��}�ݨړv��恆u�و�2�����f^�1z��X�X�����,���T�T�ԑ��~v�����gg�:|��CƇ+�+�V�#3��z�i������)!uHK�$�i����7���Ȃi�s�s��Xs�8W;��3�4�q��up>�4�ZX��B�ڲɲò˲�r�Œ�vX�XG,��F�A�[ g��p�(��� �#��G�7���բ��q	)��Ǹ]�{�x�3�5�#e�����{����Dӵ�H֠f�Ye���#�#Y�l�@�p`t����1`����1�|L���E	)l"���~"����jm� w���jQ� ָd�I#ӧ��ތt�H�K�.��0|p�pӾB;��F:Y���[YTd�B��i���&,y��	�p-���k��<���P+�:<�+ʨ�Hw!���E�p�(�%�(�Y�#���y��Rp~��p�()�7��M#N�������o��q�7����FQE���58�F�^���s�,�{|��ʈ3#�##=#ߖ�G��E�s�V��G�Y�7Y�Y�Y��Y�>�IJ�#5N˿L�?K�_H�w����ƴ|bZ^�楊�$�c(�*`t$�������������?��7$�$�K�Þ�҇���=_��r�[�� �$��P�~�� �B���('��"3�39d���(�Hcf�pc�"dZc�ĨݠH{�$ni��sW�t�����(����(-J�^n�2�^ll�!{��-�쯍m������ҟh��Hll�(��~GE^V�5�w"�ߘY��_h�.}�����b,��4J@N��Q*"��Q�"�T+�D��@��ƶ*��6�݀�#�mO!��Q<�׻��b�R^�;3t_ؘ�v4f:�]И�AvNc�!dg5���gJ{%H���J�͍m%t�6w��QQto�����d)/2*K�s�����Ƥ�b��F��aÍR�P�r��med��"h,�5��z�6hc��/e�/�i��ĠDc[�xc�$��R�ܮ^Hy%�6J��%'m+:(/�tw�%����~�F⅑�6���[�݉�gNO�~f?<���p��;qC�8�L<Qz*qp[:��F�D�*U_Ϳ1��x_b�L<���n;=q�6�����H�^�o�0��m+,���gރ�W�X��o�_���p��;;K�Ď⩉���Q qViMb;r&�l�vfbs�Ħ�񩥇k{����-S��$�t,�`�rY��j�}L#x*��J���~���频���e�ӭ�c�7kΚ�ƭ>�צ���{�į�3�6�����yd�̟}�3���I�UCC�ˤA��КՌӆ�c�}����������m�)��Jһ6HӳΠ�ӓ�]��/9�
6gƤY�4M�b��<'׭�/5y�U��tIR�U�p���wn�@�K��x�=��N�
�4''�GC�\~E-6����g�m��s��0=�Ɵ��1�k8{r��9�mX���p��n��Ol���b��0���i���}�1ä�h��;<�t����Ҝ ��4~� �Ҹ4n�V�hk����#�a��\*�K�sŰ ۛ�c�my���ǀ����>�hw����V�g�{�$��ɷ�-R^�71��1l�?�$�������pSfr+Ҧ�k/���uz2���K�'�7�~�v�7o��4�ub���Dr���W�^��C����~r����G�N4�F�&3�'6�[uE�����{�_�*�]����^�.|���{�u!�u!�jd��kz͘4�z�^�m�����ܖM�Ԇ1��cX\�ũ�e�{M�ׯ�����ج��]���(w�Js��?�u/[���+�>ץ�ٓ����gM��N��/�4޹s�J�:..O�~���E�H�9��s��%GC��K;������LϚ�����~wy�N*�[�˄=qj������������_f��������w��x�q��G���<2sc=r��!��#�#c���	���w^��eI�V���(��ɰSt\,��jS�X��0�|����y���j�yT����_|ɫ��\+�t�]�0�)j|/E��?Gz
�7/�h��|e^>�yĨA]g[i.��J8z���ӗ�u����R�֓I
R�}M�|2ü�5N�jҡ�)�tu�拉t��	�a����H�w�-Ҳ�o�
��t݉ٷK#T���T�0�H��_�D��t�䆱Z)9�L�V�IWӽ�cj���A�-Xe5���_���}�d�f������{ FUe����7ozy�{��$�d&=�$d$��Re�HQ �����R��'H���ZQp��OYWD�5�~�2���&Aܯ��������=��{ߛ����<F^"�a5��=�I5�J��P�-��A���U�z��� ����-���|GD�zf�x�I%~���~rP�5=���7��\!�8�����a'��ي��%W�[Q����4���г���U��Z�����J����˸kr���#�$NZ�N��J6JJ���(  m����3���˝���$��,�
a�B�t_�}[�>���FK�&�BD��}�.��`���;)+�}�S��*�L��2�4��]�>��5��O�n���F�7Ifb/��m� �xP�,��J�Ş���s�!:������칡�.@Yɐ�x�lr;YA�;'���+�xeF�]�"�ǹ��D�A�({P����<o���˝B��v�H;~2dY�����U�	p��l���&��	���l���:��o�{�u�;����z���\1��=��d���)�t{s������{*{��<��iO��J|�4�t�!K�������^����/��4�yp�(MNĈ�OǠ{7��bX��Vx>��p���A��:�N����<��B\�zn�G��|~����?�O+"�c���,Gr�r��FY���Q�� ��!��i�?��K�s;��N��&/�7�1��q�)9)��>l�@�&9��O����^��iFi�ӑ��ύ���F�<��ǐ�Ҹ;����O����t�h$��f�3�^Io�wн�y���~J�J�������]ŭ��r����܇����l�l��u�{���|?�������?¿ş�{����g�_+Ԋ�HK�(�R��8��Q�P���������eI�zh��2]ȽM�g.&��"�0��r/�GnZ���{�.#D�"}���1�"9ƿ/��_�ש�|���~n
}Sm�p��chun@<���
��`�A3��'�/��=��8�i:�~���0uΐ��V����L�Z�n�G~!��A��Q�n%'ȷ�ԯ�ʒ�hZ��ȡ�0��uZ��w���a���e�$�N�@�U���dn�Z��J�Wd��[�0jЏ� WE&�N!ϓ�o�Z����p��Gv�%�=�Yc���V1;�';QЊH�w�����?!��:r�����.�=�2?�����]oF��*l�2���9�ۊ-�&u���҂�&=� ����={6���8y������ˁT|�W�:�̽�����pٓ�F�_q@*P�:�E�z�i~/�2����\�Z�r����DZ�����> ����?b1}��t<�i��6��� ������2r'��6�!�@���e�1j���J���JF#ׯ%��:�{��4R@��N����B�����=�8�$g�r�Hx�@��c����.�j�H�H�~�BO��#_�0z���[��(z�%)���$7�����^zC=J�e���Aba�~t+� չA��3h�F������3X�U6��x���]��glV�\����	�'��9�!J��.� ��%D7���"�����K1"�B�y !�{	�N#Ďх�u6��v<>!��;B
F"&�w!����J	�}��R8����	��AH)╼���T\AHe!Ոg�`B��zl���I�KH�?Ҍx��L��!���YN�0\?J��b<oJ��݄\2��%x�h<>�aB�a?.G�LD<��6&�e��2B��I�t�n&�}�s5�ϳ2�]��/��ao�v��7a[��o�K�r��V~FȚa��݋�_��9���
��w��w�$�n��n�������uH�ux�u��z̴�#�#���>��F�=H�{�f� �ُ�8�[���p��h2�?�MD؁�WB��#�@@<�@8K�F�ތt|�G����h��Ǜy�-�ꋀ�َ�|��i������9��B�N��.��n�v�s��Ez�;B�~��9B��!��6B^�I�a���#� ?� �^����2���u!o _ߔ# ���>��2���1�G_���������c<A��H����~X���|������iB>���x�g(K��es$	9e"��H�/�~��ӈ�i<�4��K5��ȧ/��g�uH�3ȷ���_��|������|���i���ߐ�G]�;�÷x�oQF:���!ͿG��G������?�����x�?��.l�Gl�싄������3�ҿ��P.��F=���Hlt����,�g��l&�����(.C���J�F���^$��K@;�A��y0vխD�O��" 0����؎Q�Є��-&9^c��7kpߌ�0?���,x��a6��>!`�vlW d~ `G���pb�\����#P���!����b߂���D�l#�mF�1�?��c�f(�{�%P��c?�O�#��q�E��ޫ�T�@@ڕ`[%O#`J~!PE��S��$��	qO ��G���"��s�c�"���#PV��aҠ�-���/E��W �*�!��G׊�*U��Z�>��JaSx�z�c=���S����g����.���M5�]qH#�"�'^��<쏴�������O�ՊxD��G�{D><A`�:��4�tt�8x ��`�q����!�9mH�6��l�m5C�ۑ��H�(g��ߣPnF!��P&.�㗠\]�m_��^jC@����q4�4���5v�g����ˑw��~\�<��29y4q����2(;W�&a&!~����.��ޓ������xl
��)x��~
�c���ӕ���Ex�+�%0����MCY��r3�3ei:��t������؇�(G���s�.sq��������k���B�f1��d0��'7���"Oo�"�y�Ԃ��y��x��m��ۆX��i�yz;���x�ۑO����
����+PgW!W#�k��5(�k�^k��k�>k�Ok�?w�}�Dy��_�����˽���x��x�ވ�݈:�i+�ͨ�=L�l�w([��[��[����c��ch�C�{�x���i���y��w�.?��?�x<�m��<��j'�h'�a��(G{�f��{�G��"������{����%��K�ߗІ��:�2��a���اߣN��<���������xy���1�>��~i��~ie�=����PO��������u��(/��}Oṧ�O���~�|�i�W��_��_�����%���_�����iډ������ԭ ~�@��'�q��G��G���Q�~D��	��e�~��@7�X�홏YB=�lB�B����> ����͠W�{)�*Wd9�h&��U���W�8�r�Uʽ��
�1��6v7�ۻI���(/c�d�|�GF�����E��#~�a6�ygϗ��Uf근Dw�i���z��
H�s�.c�]��`K-��]ZK���N_9 ��6h.���JZ��j�`U��A��~|�G�2흙�S*���Å��-g2$��}&]^[���@(�E��j*+lV�B!��Z
�cpu�"V��8d�jO�yҤ��IW���rtt��چ��da�I-�7������C�3-f)�D7U�,UT�����e:�݈�Y���>KD�Ţ �y�G���r�W�e s�~E�p6�ލt:;��M�D?��+��ɔϴ��7p��VLw�o4�E߃ۆ���^^]zE�6X:��~�塙��=�����lF���5n�] ��,��8OTr����ƭVZ�N!�z�`���F�]�Ylv=�::jŞP�ǭ�,^���8tr�ϭ��nw��0�V���]o���F������yy���F���\�ө�*��d{+�%m��lN��EE p;v;Q[-�Q�*���'T���"��A?ZI;�+u;�zл�n�J��$&���Sq�筑�Gz�NK$���D�������$3��?�}�鋖���*>�Y8�*�`��?�1c7��+%���֐!s�3́	cV?����.�1��ݹ���_Ƭ�����}�+ ��ύ`�,wrEn�ȍ��Fmѳ�{�� Q� �0Z�@S�w�F��Z����nU)XTnk��f9��VY�֪R�V�\�*k�Jeq�"�@@�e�.�^t�Te����˘�H6��0�ƽ��Ժ���%1ظ�����n����)#x`�^�{Ϟ�]���R��PF�HE��=x�"K�)zُ�$��՘>F�^�J�Fa�$������DQp��e����n�����8�!�d����N��.�+�-���Bg�4.�~�)�l�f����#F�=�J���{�Y^F2`c*��Pu43VP�1�Ա���j�Cx͌\!����kj���1Z���q'���uv�e��S���o�}�٘w�X>rl[���KƎ9h׼�}�]�?��K}E�<wu��۰��e�;�Im&�����l�<X=4qŨ�{-S��s1����=�+�5��_A�`�Wɫ�g{~���V){�I\�z��+]��rZ-<��\�_�z�(bG�l���J˾Rᆜʴ΀��줜�=�Yθ�4�8�*��J445�$Ju����[��f���7���h�O�*��Y�΁��Nԝ��u��W<\eY��Ov�Ë�*`�H�c'�T��	|t�z�J��-��N��9d��	�%�@g�F�{����n�E ��vug\��p�PЕ��t
��э�VW�3�K~3��A�"�a*��e�V�ʊښZd5�>
��S���VrG΋w�z��u/�ۦw:�j��b��5FA��ʊ�y��;�x��{,z�ˠq�f�SkD{����2����O�}t˶w�u����j/����5;�V94ݳ^�cǶ<�V��v�歃+�Z������WY5��_��|�K�G�@�x�&��[�5om��r�BQ����Z�����������ɧ�4�i��K&�e�6�P�,M&�$��$��E��r����X,��\�m�6�Ydq���թ,mM^Yh =eG�cݎ����u�v�*��l��;�D���)zJ�G:r�W���B�cҘ�QE�����I6�F4p�h��_D�����݆�t@����3���lg�+ә�Z��LwW��~����Ì ����o����e�����LV=U�lG�G���쯍^p�r<E��IBAf ����k�\�ݰe�ȥg���!�E�d]>���7�\��?s�>�y׶�t|r_}]n����T�ٿwd y���褺p�:}��a��c-��/��~6��M�[>�늎ǚ_?�mQq���������!������Ѻ�+�~b3?��=RL�C�2���O�J�"�]�j!�X�L"!~���fYF7j�c3�j�?vbM���Kr3�خ��W�h�l#�_��nS�p�p�#:�N��s�,�=ɡ�? �D�1�y��"�0ͻhd�d�3`�~"ӈ��n��@�3�[�ec�Ve��{��s-�'ܵ3�Z��\v���Q�Oh��q/�v�����W�كt�j;}J%C�̈�ʂ�ߋ�q�
�
�jue�K�Xu��D�"���5L�E���1�3˛cy�`D��܌Dk�	w�z(�Ar9]����slp�,�ӹ����Q�v�48��f0g��N��?�D�����4�Bθ�T	�R��xB�,�y=�mOl'Gnm��4B���̈;u�*u�����)�Olb}��[�"����n"귓��#�G"xlI�j}"Y �jE�{�j_��O��# �aq�p�չ �����X\N�;��L���/�FG�T��BWg��B_$[$���+j�~��6��]n���E��)zխ��Ƃ�^��+�6�������&#_W�Lח4i�T:<���E.s}Q�U�4�6�n@IQC���9g�-5��4����N�7�J�_U��_�=X�\_���<�t���.o��������.V�n�0BbK�댌{�d���DC��aj,�v�;e;��`٫�����N��~��I�<�W�=��^r��vd��Pu7�ΐdW����Ly�9`�4�c�(��o��s��s>�5������p�a2 �	^B��I�h��$��LmZ�l��������w1q�tu35�BE��&ʽ��"#f,��~hX�7��6h̒��m*�x�R�J�0Nl0m��u�1*`��6��q�Z�)!.�2v���i�I���@�:@o�>H����	=_��P��%mr�r?�_U��*�6ϟ�(�0����8ejk�)P%�Z[�J3�z>�i)N�����|�B8 ��v2�v�ً��,)cMcx�kX�Q M皗�+��kYV5��}�U�H��N�[�GTEv��m�[#�"�B	���,�w�����u&{�S�"��UD�'pQY���~U"I�0J��A_�ٙ�u:Љfk��Y�b_D.� ���q�=(�cUA�H�5d��B�\���F{'�~gǐO���8x���K�z^5��{U�k�A�
���/@�����p(�r��\��"er��T�t�n'�hN^/�Sy�18�D���S���E@�
!ml*q�p+�%EXl�����t�E��������&�ռ����շ���/���1Sׯ$o�<�p�;e͹c2u�YwF\C]��Y,����u��Q�2-�����MO<����0��r�#�|���SS���c��
�+��vr��D��D	��')�)(��IG�/"6؆��OĊGl��z���J�����������y��N@5s:�/SB��5�v���WO�R@��-"�BӦԏ���G�=�(xF(TZ�-�T����}�6���];�e*�W������s���Z�\J_�"��OK:�=z{�!_����9�,�ŴpT�Qk��n��^�y(��(1뚼ߔ��S{����d��ab����yТBv�n�<�O��7x�x\�W0{wz�8XO$-�t��h�B�O��N6�K4+E�.��z\8�Х$�C"4O�W<C�S<IZ�i��cLK�6J)�I2Ɣ)���h�L PMLx1ZI�"9��W*����
�Yv��ё���zz��g!ru��`�� �~��u����l[��`n�)������[�t���Oa�f�o�����=d~���i��YS�I{�E�1�1��G�H@�_����1��b"�����j�$=K��/�y��X�Լ����D��y2�18`|�	E����vW�� 
�y(p�\Dst�g;�Jta���mL%���F�H�]��8z�4���N)�CrAu��ZR�K���$�c�,$�o�p�������u`���ݘ{'�{vDj@<�^=d�a�#H]�x���uO�x�ڡwT�����G��t��^��u�|���D������M�#��J �ȨB��:-�)�ϢI5 d���B�с�� �1�USA�*�WjuD)(��N�+`��H��2j��dT�2F"���-�iV�[m�4.�Q�����)�*��S�<m�Pi����o�Ԣӥ˗�tS�3g�k���u~���	(;N�(!�����HF�	�Tj���3�Emu[=\��M~��4<��j��+��+����b/�h������FY�~��Ͻ�Q<1��̕�͢�`�����VG��=𞒼@�$H����#�[����[� �A��Ӡ��i�Nt�]�����t��|��Q�8��c�1]�4.�!)��ϐ�*��WI�5��ֻ-Z�����H,�F��� k4�b���&n||��%�0f`A�\@!�b@Y�O*m��2*���8��o�0�Ц�s����7���FN�W�]rmnK��]���V���՛�����.>��R,h��l�I6~��d�c��*3l�lTͪ'V�<����u+�V�A��ǫ�֗�[O<@Q��}Ѩ@x:���.xR����W�#K�ܗ/e3��X#,��>F��J1��a��Ob*zZ��|���8Ꭸ����uS�)��F���P`tM%~n�4ѩ�6�����ϱƋ��F2�K0e�BT��%TyS05�(0����魡o�ߞ�ֵ7��S�/���:(Mn���3=�{�o*PY����SKր�Ӱ��kŵ�\Ud�V��j�Ն�j�!*'O�JTm�'�
�©�T0�5��+�*P�Asp�J���<K��*�v=�5g5?�{��<�a4c.��F^p)�1�d�2���)/N�$��ny@��+B� ���}����ht*W�Kyd���¶_6���`�I���"��`�����F��ܪ��!��@�}L�b��t�s���Ӻ��Y�~��y9{d^��8���<��FD[U�V2{2�E�	\=/�I���w��8I�*-w�vd�J����	��t�p�h�Hy�X��I���anXu<�\�BWnЅ�B&��6��:w�/wg9"z�e�'En$���8WU>�<i(+U��bv�~&'L`U�J&�,��3�����;.a�G:_@e5�U��/�tДR��Uz��Q� ����m�F��{���\R]E����o�����.���#�u�	�i�bV�Og�O�M��Y�����k���r��W�>~`����7Y�Z=ep�#�7<��ʶ+n���9�Z�F����BrXt�9W�qU;TY�ZY����x���$MW��=�ad�������N��&��8tR�0���肒��� (����
WTe
DtQc���.N������@pN��
��Z�Tp�pV�.��b�萱�+��+E1z��*��$���S����V��Ɩm~g޻�p�;��P�.v$���؀x[������~�g�_��W�r��������?z�#c�l������K�}_�y�fkvRq�8Y��d�����ͤ1pm��W�`u:.|uu�Us0�(3_�ˍ��)SZzs:�Ȕ|N7�{���%s��Y���?H"x?��_z0[Cè��+hs��2�04�r_������_qsngx���ub(%��|�K��A��_�b�:yJK�ɗ�{z����x�/��DH9(�Fv���b����cyN��i �e��q�%���r2L\�r�{�8���?��9+��QwE9�]J)P������R�|)�����μUT&R�sa��8�`�]s�EY��=\�Axy��6�hnS�Wds���x�Q-S^�z.��`� ��\b.�i�f'a�<:,F=�`��y2K���ͣB��s�p���a�o(t���ǡ7�?裐��҇��>j��Jn�� $jT�*j����:��,	W]��ieFJU�Zνȵ��#�#�|I��0.GZ���%w?�Y.�n��nЁ�9l� ��!�IBв�H��K��"�HT�R��G�FeѕD.ȩ�}��y�޴��W���̘��>b0Yc��do)N
�X]�+�эֆ��Ϥ3�Ʊ�?�������k��r�Śx��:gf��x��抺a�y{��Ҧ�+�hF�C�����1+n��B���|����v�}�cS\uOa��W %&�*Z��dlx�E�
���gJ_(U��l��\��;��!��%n�YesY)K��KA#s8ce�-��g$��D������,*<�Z�[��h�����ޚ�G��#�^��C�#�+E�l���Db�������;]�*���yȊ�nSj���c�]��B�
�4���ΰAcf�R��Ǝ�$��_
�]i�h&ý����*A�(Y�T��4_:�mP��6N�P�X߯��^&/��"B$�DZ�Cn!�j���D �b�K`�">K���Yz \N��d�D/х���[`h]{�� Q*^"��t�ݕ_�z\�mT�\�B��d������ۘan��c���Z�PF����J�VF�T�$�"�G�T���Ja9+�*��2A�Eeu�%�����=���ln�pF�^���>W�;��5����g�}O���W�t\�H7V���}�5um�뢑�Ԍ���\8�e�Qw�9�ʟ|bO���*7�|n{n$���$�:�n9��_���>�{����5c�V
X;����K���]�Z��=%e�ء/&���̣�]�H�����Ɣ�!,�V	+CO��u{t�!J��P@��x����k�`�D�^��h���K���ڐA��H@�@�Jُ��h���~��.҃^���`��B�}�=d�QfN�`���g�UJ�l�`���e��h!�DODOE�f/��H<�>�+�Xw�!�%�q�Mfp�zS7�BΌ)���7�4��72G�̒J9��	���2s�BhlT46��tq�m��@7Y�I�-��JvR�`�\ �I�g���]�
_�ᛁ������~��zf�u�-O�e$���!Y���+��M(0�U�	��J��đWz�2����h�v0Mw/��ʞt<Sr��P�1���%ՅP���=��wO�+���z�%g
��-�9��t�2��1�߫
~�%*�pa���HA؃��œ�DT�pJP�P*UJ��������U.7�|1+5��Y��	�'O7��Y��q�IBH�D�7�����]l�Q�d�M��w����ʅ<�FhV�"^���	F�y�$���d��"���#�!<*勓22��>����|���'Ӓ�oJi�$^�
�/YY�'t�,X����������&�+��Q�Ѩ����ǭ����7nȝ�qE��ݒ�k�92�����^5x��{��f���6�����l�vC$T7��?7�\�-3u�I\8aµ���p����vЪK'mhd5�Q=�ch4��{��z��Q��<��Z޻��Z�Z��]cnw����Z�^�Q�1�1�`������|�n��u��n�=m���g�m�}�{���u2:ӷX�H�Ƚ�|Ƞ��Ma/�@�Ԁ���SF��������*��4��5?
QSd�A���p��D�A�SSu�����'��9~��9�a�+��R�o�P�бV�z��W(��a�G��"c�*����Q�M!r.4}��\|��,f��L�tH�6'(��&i��ʒ����r;ď���������>���E~�����ކ�G�=:��O*�9����{m8�?���k�[<�9�=7����V���;$���F��Z�����q���<�qUdsQ����8w67ڶ��W�~/	�~�>�$z�v���T�1x}^�mR�)`$��7��ۗ�;�
5�3�
R�m'�Rf�,5HR$��h{FUl�s|�Ju��y�^�;$\&��L共�Xq����G�6+�R�U&G�B4�lr�"f��E��#�`�"uʏ`H��v+Yž�WY���Y*���)9��wn�Q�p�6�*[s��N����^�x�+k��>A0�+�w�%�g�D��Y�M3�b��r������$�V�s�ˢjÂ����KJ|R�Ld� ?�a��i�9U�_YV9�r}��G���g�?�U7�ZoJ����k������;�j���j+GV���jN����@w��a�V�s��^D1J�}[�U��^G0U^�y�7.�6��ޢ`�D���`�V[�b�qv�ݶǔp�AB�uQ�R�0(F(h�;�Q�l�EQQ�3�J�&�����������u�G����m�m�����Js��C�~gE�xH�ѫ\�62б Ɋ���[��l�Kd�Z�["t���v9��ui�i�GC+���Ge�.��k��Y���	�m�hT�>c���~��_VD�����!��kx�;:�T6/�5�n�,�����_xen��
����Q�>���4�B��ͻoi{cb���[�]!S�K��f����r5*���:��jGp�#43ԋ�+��%E��d�ԯ�^S���Q��Ϫ�zɽy�^k0UR�����7jP��1Y�UT�Q��-�*
��p0�T(�T;BGG@��D\�0�&�3�}z�o��mBSA��Yj���i!ju��E�M�R	S��4�"`8I���M�be<Ɵ�.iZ^c��G���U�|��3��^^����5�uf�,�x�t𢡴ڋ5��]��	FhC!�SsbvT��<��bʮ/�_{M��Ȩ�k�^�=��7�0u����ݸf�ۀ<���<�_M*�jѦ�0�]�[�[^��hu�:�뫴�滊��jƍ����Ś���˲��@�@�@��%4�H,^U�����P���	��"o)����9�ox�v)��#������U^侂dB�S�>�����qNWTalo��&(pU��UZ���T謪~.E^ͅS�Iv,z1�|*�������g�{���'U��ͧ�|��jf�[�!���$$F#��hC�����y1�c�1�u��H�whn{s�|u:$��������>���a+�/b5���j���h��+"͹�G7�u��w�*����Z��mT�r_m�}ϫ�]��Q%0y�,��G�=�{��Ws���Z�52��������7�zf��g��ʡE)�`|*���6CZ451�Hѫl���謯���Cplqp̪f�V����`�T����E<�P��Y��{���AkAq���آ���U�BF?c{Q_ERE���E\�4�#^��{S�P0P�L��Y9�������TJ�T(Cd�0�h�0T�OB�{3i��J�֑�[Zw��Z����&# �G
 ���oQ��^��3g�v��3�M)��ݍ�l�{�mJ�X`��7����1�ߎ�����5���m4�[K��-i���n�o�;s�]��۹���׽��݆�$��w�d�X`P��4t���`���bT��{����H)(]�I�Mi��c`(}JejQ=_}X-���v��K��[u* ���, &�v�\�;:.�>�Gﴔ�zk��  #��"�-�?P@�3����9ׅ=-&cEu��Q�^�~ :BV��TTQ"4Ҥ~T�,L�S�Ey�{L#��J�E8ۙJ
h���3��l	�є_\��m��	��J�N�f��w>����~�*d��h�x����!�=����f���)�U=��2{J2�Y��V>�� S�~=����1�?,����i���6h���-"��fج��//i�����'�-���D4�.M^�0�J(����`04$�R�W�R�`���N�6�yk倱�	�Đ��C��IV{k^OB2�H,�
{7�dP��Y�ziб���h�Hb\���'\ش��D#�fUȕr������+����R ��~/��$��������J�>��M7��q��D<æ���c�V��Z�
|Q��w'#(��R+X�|K1+��AuU�$���+ ��y�΍�?Oo�n�nj�M̽Y�h�}�E�D+
�~�����A���Z�������l�aUq���U�&�}�yUnl]�i84�E�P&����P&"d�X3Í��1������0��r�����	�����->�����R�yPRe��T����W�wF�bblK�ce��޸����$6��ؕid�FF�xo�����.����t��]D��$�v���;�^?+	's��A˷�L�Uön��4�L�@��ʘ� T7в�֚�uO�7���b�سػ����n�������W;�����|f�E�`2�&U��b㘨�F��T��3H���A��V������z���Mjj)�X��5^���F��x=&����:��W����/�q�I񍧠j~�1��TV[U]��0�`��w�S	z8q"A�ں,\�'��U��'$�Z_ga)2H��8$�kIo�F�*�Q-�LA�F߻�I�X�N:P�w�!�~�^���\�e�̧�y{���v�ώ�x��L�L_:�PC��8-�w�[������.�j���c�[��+ґ����˹	WU�"�z{>�7 �б�dB���n]����ڔ����k�ճ��� ��*�,��|b�<v0x�M���;H�=��`Oj�)*`UQLҁ��h�c���a��{�����Т#â	Y��o�$�/��̓i@Zv�Q�}V)_%4�|t�p�IҳK����A0Ԓ�������{�z�z���^�7���e�bYL4��B�����j\m����gS�� ��-�]�.��0������m�����{���H�ޜ&ٞz���!���<ן�������3`����=q`521�Ksvl*t5��#��8<�!<?gN�?�?���;�Z����&4b��Y���d������5Aa/�F����!:R ψ�3����L9?v}�����I�p(
�ԡ��잘3�,�.u+����ڛ�.*������4�ݰ��-L�A�I�I��v�n;ݮ}�]���#�H��2�R����`�v�]g�f8gx��k9y7�;�{?r��Ԍ��	g�V�L�o�8I0)��-����p��?��~��g�&�SX������L�1L�Ug��W���b�I#o�UE����pQ�Ag� ���*q�.�-�V����j[��d����sax>�P�Y�u�RnJ�ٞ.QcJQ�)�E�ٞ�wS�~�+���R*�{^��0l3�B�E�)h�����Xf1L��rvh�6���/w������ДKFo��u��i񓴹��?�rGs�>
:H�}�^~8w2�m��
��c����WE�lj����ďگM���OԤFDa�����_AY��C@��G0�Y�<�1Sr'L$����&����g�mKm��8��d��|�P�#ZAKGj'k���H�7�fn��V��H!m��ӗ$H%�_��r؝v*YI�p������7�Ho����յ��!P��;�1D�ܭ/�G@8�u����%˗�Ng�V�����/1����{6n��Qpd�n��a6�7�V�f�s�窈̤1��m�6�*��5���UVu4�g��l�m6�6Y�;��o��exˬ�1�/��pPлz��si܈J����Tj�V�k�ڤ����VV�������m���"w�78^��ԪQ��Հ��c�a0Vi
q�^Z���#���^m�X��'RR��B�^�\^�ga�h���H��&�3Vxu`:��#!6��nq.�Bi�]g�*̇:�Z�3g�Z��}�7SL�e�xV(o<ˊ�S2иf�:�)j�6@EuF"Q�-��;�5.�&�Z}$�G�+��e�G l�a�������t�m���EA'SVj���51�K�Э���A�G	\����˽�8roa�Ňr�9�{6B=���ܑ�ܽS/�q̆��ol��]�R�/�W,9��}��s��~�-���}�ۺ�k��Px/��	��'�d����bz�k�k��S����A�A�)�+�
�\���,y�{�{qpu���Љ�r��׿��\|R����JZ+m0��1Ŕ�+ɤ����P(xk�d&)��K���]AN��r'��{��h$���_E{ӧpij��c b����xQ�%�B1-�̞�hӆ#f�Z�v$���~��e�����U���HY��$ogwc�YǂL�i�2��K��C��PH����qF#%��$�\���J�P�&�����X�>䧢���hSq�6�q��M�w�l��`<z��+z=�3�����G��^+�����W��EwQMntn���kG����[�[{�r���6�r��m>.Bg�M��U�����,2��sJ@˒�R1�([�8����2(��2��/5ą"c2菇Kj�k�W�)ZS�TU��P�9u�&�&Z�C����<U�q������/��5�`q	.�z�Z7(�����x�E�EE�i�i���"�F�˹P�U5�~f����a�,���j@��j0(}��ࡽ��>��{���Nf�J�v���S�I�Y1�Mi�*c��f�,K?��4R����2,��`XY�"���Y���4ot�����̖����c�vi|S&=t��B�ʾ���X�si��B������^1��w�^��阸`L��Uo�DJ��3E����ݾM�UnW����k|��5�JC�D��f�\�􏮰������X2�l¨��/�ݤ�O���~��CP����~��AD{�pU��lLU���*w8(+�
V(�#~���^�Kv��x}
W!�S��$��d,(��|ٶ�)8���X��~�~�H߭��>��}n�dÅ�l�M@`�go!���o��o��)�ﭤ��J��ք��6���4��\_�]��,M]�4����u^�t�o�&%2[��a�HY�)~+R$�����R�:,��Kwhg�POH%�˜@�7��[m����(����B=�ꅠ?�&G?��v�~=�T*X!.����	/	���S��ئvvX�Y��VL������2�ld���-e|��=�JMEE#����d_�3�D��t䳓μ���`�PePG�}DQ&I�P0Z	�b�$1q�H,y�^�Ա �3K�ib��E���2�$��(�/�F48ko�<�������Гfԥ���5���]�~X$P��{��Eï|�cZt�p���D�iw���N�o<E7^�
���x�vK٠� 	�Tֻ�U'BP)�`�B�쐲ϲ?e��e6���p:٫��ĉ�ݪ��J�WpbB(f{�k�
�_���T�(��Jڭ�\^hw�ӪT�eZމ!�U��NK0�T�P��U��v9	b�e�ɯ��d-h���Ձu�����]���n����$��*��eO�"�<K��Ҽ�o���f���� oy8�Jc�-��1�L>�H3��T��ϵ��D�����w�/�4W�%/K��km��v!Ж���� d�����.Yͫ-�H�f���tg��k��
Z����z>W�*s9��{֩~.�m�YΧY��o��)RP��I�Ԑ�*FV����B�d#��+�V���R��Ru�W|A�Iz*�kU�:�P���B���"���Y���L�6���d����K	��N��N���Rj���K�;?�d7y��B��	j���|.�M��e�rQV$#�l��=�3��YE�����<�ҢBKQQ��h�hJv��aW�UJu�É�N�BQXT�'۵�L(t9ُ�:�Q���
�o�j1�Ԕ�}�!q�Z�PU2�鯆����F"��K��sx�`�؜z՞��G����애��>!Z����o����D]$[q",��C�.��1��MY��2�^�+��tU��^�c�'�� :���wA��9�љI�a�����M%Պ�Uy*76�ە�;��R#�a�����.Q�?M�i-�:J�sH��RɅ#�u��f�Pv���y�7vϥt����Z��u�B['�%�$�z�kQR�p����M7Xh+�[��'/�-�W��������K�����%�J���h,�2� ��!��̗��%����ח���@���z�W�,py��cKzc�t�7Ń��8���c�PW^�+�����QgZ
�-吼S�&���ǆ˓�AJ��V������z��_�XF���Ѹhp:�T],J�9��g��^I*^�ƹ�*�,������ʋ�4+Az����M���,�������~s��%D��2>�iH�E�ޜ�ɑ�5���NٓJ�\�X�k������.��hs����*�)�(3��{Έ�B_���LY�ڿ����׃.��h��*A�'�;������6.r�����m@	��]&}�%龶�[��#�P�^�n�<�H$�	3{��U5�E�q�,�?i��0̄.?H�=_��!V]ۡK�"%�Gq8�-������n��糎��ltW�*��WL--
�SFda>��DKkHTȔ�p�1?�I~�����^���^�t�B�<��#�Bi��[�")�;,�H��F"�r�"���<v�NJK�^��eQ�иf���؛�IQ�����VW��U}�]}���=�=�L��0��)�`8DQ��Q��bT�
xu�1�ǀ�'��11+�]��,�Y"I�M�������a0��?|����z߮z��}����!�� �(k�赢k�a���v'�v� pȎA�~��q}$��yK��]�H�!�d�%amjj: �MS�uӘ��"]@J���u�x2c���j�'R�(���r����/�f����}��KgMBw�[����.�`F��_�ګ#�׏�
���v����oW+��E���R��#]�G���
�@�����@�%P2B=�~hֳ��g���Y�jw=w���������
������K�1�,��@k��î�B	���} ��i�B�-uʪWk,V�� 5H Df_�tz����,�9���2͠f���\FЯe�M�_5:`H�l !ܰm��6���8Fl+`�ū�	uƬـHP���b(��0{��Aݫ�Y���V͝�n��j�1�0!uĪ��W�ё��%��3������4<vƗ�}����Ej���߀��^~�z";<����3� t�,�5�J���XI�9� �E�%�"U��?�<I&�28U�e�0ç��`�|���ؖ�x�>�y�:)����u�*m�7W��{-�-�����L�p�M��AV c������eY�dU/e�Fu��Y-��b�Z#���7IDB]��w�w�{/�m��C����U�	y[ɚJD�U^���{�*.��4�M��^�	�u߭^=��쌿t�=+X�2S$���� zDecW�֩l?{9�|?BAF�� `1Vb�A���jC(x$"	U�
-�䂕�$��}�C��z�����/����H��(ƽ�	|x >:>�����o�#�G���>w�ڣ�V�R�z�
=�]մ��z0!{Ȫ����[$�g\%�7�q�f�D�R��H��Md�XH���=J��������05�h;�]����z!]|�O�o��"hC�d;'ͪ��\'�u��U~@�h�� �v����fx�zO���#�7r���}P�(�-���ӬӜSˋ��4;��������P���;V=�{��}��:�9w���ﶼOv�4���k[�^�[������Y+���`��&3�X&�j��^�K�����~f���{�w�����X������$rZ�MҬ�\�Q!M�f��F�6�n�͏5��h�/�$�͢a\Ƹ��-�VI���n�$�S��]K]k]�]�\���������]�I(�^=�|V�J�JV��JM�cb�>@�V����hUA\ ��,�/ɂܱ���:P�3vh'N�r�/Y9��hQc+Gb���X��c��*��޴ /\ŭ�d��<=tv(��00tv``Q�}A�:�O�*b�7z���hz�Q�ͱ`��[����F|��)����w!@�H�YS�/��](��7�Ms �� GZ�� |� ԅ�I��yM�;�x�Q3E�C@����}I��ܸ�IJ�<�IߍNj��0s�
���;���e�������S[+ֽ}��G�&������t�-�mhM�ܹ��v]>{����Ɣ�ⲋ�d�{F}�m=C��]�rH���M��6O��И�P�̹S*/�UN��sd�ң�.`��6GE����ķ0�@\�7��yA�@ A ��	;0�LMÚZ�K}�)THɩ��`�����:e¼�-��;m��,��'N��N�RU�b�i�"ۛǇ]AZp��񺟨��%a`]&CoM)��j��&���X9E\�$`�<P󌍩�l,'~���b�S��op��$��y��'����&��`��m��Erd#;�n����e�h��4�j�j�&�&�&qSl'�+��-�~h��Q�V�;Q���׍y�}�߽�e7�}ی��u�z����h��ZlHt.dg���8t�·�z[�a��s�>/��>]]�)�:���������gֹS�R��"��U�s0����=������H���,J�.Wi/��^�[�e}���m���x'�Wj�0&�	p��	x"�ACV���:c��߹�zu�W��MД!��u�
���j�%��=���}��0��}���Ե�Hy8�)�c�B�TR��M��"��pCt����<���'��5QU�B";���A$��X������b'���b��k_:������֙Z�������Ӌ���y���ʷ�ݿ��k֊��]?s��?�f�d���s�ϕ �n�#�15q�,�F�sZ��)1�zD��x��Oq">YrD��b0h�$���vn�mj�P@@��m"W�v�	�gC�B葔YF�a<�$j����O:!�A�		I"��2�/��T�e'���7}�5�DI��9��B�tZ��e��P����I��Fk4�!�W�LS� mć�9��c>��m��Y���D4ZÃ���q�4m�\��Lݔ��yW�!�.ǣ�=��e�eM��mfDFq���nI��RmvK��i`�e�8�lYQN�1R��Jp�ڐ72?�4���uS��������ɫ[��B����\1��s&������l��*4���O���]��X�=k~_z��{m�cO��\�z�B� �cv�eyg�n������tm��c��������?1?�����Q�ɮMYȬbֆ�3�·1��>5~lצ5�P��f5�f�: �q���AoܪfG``ؠ�R�D�G�!��%��� 2؀l�֛J�{���#�+���ªp0�l��	��GˀE)��&�ܡ���-�����!�LFq�?;�ȅ���0�l�����U�90`��ӎ��r�%�!�<C�lTV<2�<~���d�3�紋�/m�FSx�Ȇk�>w�?�>�GJ�V���+�M����7���+�B�'O=y�h��4B"�a�މ�|f�e	rV1�x�ENP��,S�̂�`�`��xCTT��Q��s�+z+^f�&u�[�0g�-�o��N"a@xI�>�	f��[�ޒ+�
˸ߗ�~�!�� U������N`���hIjnH)K��R�p0�0���0p�ta==a8cP�A� �����1�rĄah5��l�qC��HDr���E�쫙Z��1���Q<�O6J�$��%u�S�d�S�?2��0ށ��H���(�g������p����C[p��/*e۝w�>x��i��vNe�����]�+�D��[���}�[����M�Ά��g��:�P޷�$��j�+<�H��myNL��l�흹R�TG�R��g��w�t��2�̵g�<mSڔ�$��wk�����희�{��!c�% �E�u����"v&����!��9 ��U*t�5�U�aT�ݦ���7�2�bd�X�b�O6`
.���q?�K����K����{ao��e��	�z�-��εN��:Q%��1���vʸ>��*Qe{C�(ЋTgGV��K�*A�$�PI�3Y�{"�����R� f>�6�=��eOdQv�L�)����To�� ����с!,��:M/g�`+g�F3�I�4��5Ll��P)�:C9@MA|t[�}����õ0-��Z���f�2�Q�uMf8��R�X��&4�Dj��E���Jc��	���q�:\��־2�[�ko����g�^��gn9����[����N����7���/�nU�����n�{����dC�汭�h���*/*䧺�uݷ�O\�����Fv��z��0���y�&��AT= ����ԇGw��}35딦�KlB}ĪSͲ���s*�� +����,�L���kT4��_��p"*�#amT4F"��A���G�Q1�@/�
\�T�p(d2uQ�i�UM�X��)%��^�ʓ�_s�P(�C"��>������*��;V�[a���	$�+�,��P���#)?Hz��L^d7EK�-q���-�2���l#�N&�%�`gPJO�H0��pcK��x��?�U����,���J�����Y�_��6����e��.��T���W�'��f����!�du�'�lM$.��85���l��Fp>�#�y�d͵ ��YQV��$rj��r���ܽhc*�^�׹-��79#�[[��V�9с���ϙ��'��)��Quȳ>ymk����_�k�Q.�X����!��i/#�@|�W�#����f`>�,X猊&�ƨh&'WT����>G��K�}�d >�b�iI��UE�����x9�]N7O# ��i@�`D	�iu�R�r��~'��J<���@_ ��e�'�*)P	l�'�'��q�x��}1P�x"Æ���
T9]s���=�3�����Kdy���ꎀ-��^I/��j�wy�*Ea�rƧ��νY큣x�׃"�W"@��W	��U�U�k���Z������x��d��f6��%P�(�D�5E\��wY���#�H�a��Hg�GF��%�;@������Z���g2�����?�f���I(a�z%s2��m!�2/��@������{L8U"!�2��N�zm`|���_s\���(Q̍�;W���+���o��;n���T<� ��!N��f��WH�V��m_5�9�u+�d'�r�����ɘ�}��4�,U$u��.�o���%OFA{�Q����W#��z�q_8�4�W�1�7o6����q'�Sx�s�x��@�X�!���%iak���S�TA�?��irb�1��l�pL�:�:�F_������͚���6�|��������L"|u&��s���#���"ܪ]��v1*F"�tT�G"�*�X�8��0�pE��/��l�-���ބ�� �<�i9�:#��%��eW4q�u>+�MX���ޥ��Ԏ����Ѽ�i�po@v��������(-��4U��EJ����)U�-^��Y�T�n5���(�FO�=;0���l���@�L��Y��)2��xL���O�$��D_�	�ԟ�n���jd)������Kw���ZJn����i��/&��2���ŷ���V,�T�A�h[���qǯ��;���jb1�~�����+�����|�3�gN`���#�R�:fk��Y�~�Y�AdN8=��Kb<�R.��@f�#�kr��s=�z��b8W*�k���r3��z�]���D���F�T,�-�-'-���_,�Hy8�/�)+$K��p�iNYm�����=6|������q6�����ᷟ wF�=h�,NA�be]�Q�[A��x���`C�;*�F��ù���'�-<)*�E�|T�F"r��bb}p$"��ƨ؊��t�3*�D"�p�!���@[�*U`�������Z�	�U�+c�Ia�@�z����{�WՋ)���"���Ǎ������W��ٽݍܟ���|��_�^ɽ�c����}�F�5�;'Q����M:9	=1i���	NLb&���y�!2�λ#R��6:V�)���;N��+��[��T�	��*�F��ׯ7�\!��| rj��������P��1*�d���Ej�AM ���PC5��Y@QF����E�!j(�����lv�f�v��x/ۄfs��TDZ��>zI�S?��a�^�H�ih���ό�f�r��3�W>��Z=\��/�'�$��.Ů�N�o�C$Ú[�7����f-�1��@ߥ��x�7{-��?�(gvN��9�&y�!���P��i�����o�Y��%��؄�Rx�ƮP�Rխ���,����7�Q�8��[^�([�	�-(�ϋRt��!}���9���^��A#����Ǽ�a�\cv�=��Yx��$���>�^�>[T����<�a�N�z� u{��L$
yޤs�b��;���1��]e������n��nô��`������ao# �&��co�6�m����$/ؠ��w^���!)7����v�%n$W��f�հ|���i����|�e'�����8����'�L���5W�{�wgσw�݅	�=Cve�����0���ml/@�A��<O|p��T�B<O<�u��uD�4��췌Q��!俥��n�����I2Qv
��g�D�����YSVNo~���������״�n��/oR_@���G0AΗ]oz`� -iLq#jg\�����jL������*OD���b�RTh1��^"�MfJ�#'"D�Ȳ9e����(I�	����h��&�a���w?���!�9��S��5I����I
�� Qv�CĹZ��Y�V�qq���s�ⷔ ���Z���'��RS Zu� ��Ą���4�8�̰���p*�*l0���&�&aн��n�.lv��!�6����&�v�f�f~�KCv�����R��*�-ΰ�]K�D�Va�Ɵ_�������'��Ou����\ a��c懷||כ�?�?|f�������2�n_
C�m���&��T�F,�K�Z�m�4Di�Dm(�9���U�(�/�k�,&{#�-N�ق�..���$�`J�z,Ee|�5�}�j�,�+�(�BQ.�����K�� ��g8n8a`��;dE1n�)�_�!�)��E��b��������iE>#��0�uܱL�OĲ�T�����0鋍k�3���֨\�R���&צ������Z�&�����`bSf����N�.�Á�ÏF�؞?=l{9j�C��'~�1���+Q�ǴH�c,���p���3�;�������/{vђ�_1sr]��o4DJ�qy夥է{K�X��˘_��ޠt�l��w7�=O��<�����z?��Y��a
�c��r�f��hx'p�N��
 ������]���q�:�E�w9M�:A0�y�,��/`p�6[Ʒq,�-�T����B�F
��m�"� &�HA�Ct����@�����-�vr2��C�Q���٦�]��̰$�w<��s��>� ��&>���6��AS4 S�����L�����`f�x�ÓX�)>��)�-�|�},��/?¾�+o��9�5R,L�ΉQ}��M���1�A\�c�fE�EG��=3���s��7�m�=<�GOu4�#�+6#�ٜ�.���>��o�����/�/v�`,��O�?��|ru�:�����_�ZG��t ���`B����f�� (�/�z�M�In;��q���X���2/�RN�%!w��� =Ɍ��A �D�R�;�N~JP����J$*�Y�#�:^��u��X�/#����_� �1����#��I;s�c��x��D�t$��V�b����O��Q:��c� ~���`L�(X�<}Z8�hk�H�3�Ԕ%���y_62��7Xk��v��)���v���{R��I��,������A�6HMUu{F��������ݕ�ӺT�#\���������P��F��9|6Fc��B��Ǩ='_�/؅�J0�l�?��l��7�>�"�SB,�$4�����>���Ȉ�`D�X�&e7L�O7p�^6 K�E"�m@���M=[�e+x�"�%�O��~�+z<d9ŷ�灞�F�u��ba��%��k�[��Kp	�j?yPk��Y�����:����%�S�h#�<�E�p�/A�4���������ĕ,� i����Iƕ���'����9C�tד����!N��Yi�<QN��U4�-TѴ�#������jx� �/��2V5T4�'e-n#t	�Oބ����BK�)����?��~�n(']��}f|��@��e����TN�
|%0r���R�;HI��������@ۂ�e�F6��bmc�� Q�1�.�"��d��"�Z�l$DfF���r,�O��J�_�XCO��e->��0�����0�\�<u���>����T�`HI31@v@&8��Ɨ0<["̸O����a,�"z���6)�b����{N�C���=�Sho[�p�s�=3�x���y��꽫�^w��o-���/���}[���=S�h����}1��?�'�S5
��!ٴ]�݀�Ao �x���fc�!����g��+Mz�"�$�Y�a��U*��"�ش�a�`�Ye��VEq.I���V����l c�l���j����GP=5@<��r�J�5{d��2�I¾���7|\���s��&���[^�T�V�[>��ɿ�q|y{x'�K��GȻVΝR�� �'6���=X���"��kH�T͆G|��F|��Կנ0�:Q�SXEV��>T�sjHTH���7	�m�˱:�J�^��0� p�npD�㰜�aю#�G�:�t�8"�qD����y�w84��%Y%�bKwњt�IuњTG�i�k�r�&�Ei2>+�G��ERt0��6��i�0�aܰ�&ۙj��Ii��!+�Θ�d:n:abL�Ȭq��JН���3_۫�����Ѹ�,Aaq����X7���-@��F�YK�������&�>o�M�D�hMy��d��F�D/��oꥷ>�!���7W�����lM`�r�������cA A�@U!���w��N������� /����c�c!ǨMQ�rB��>eT +r�.:F�m����/���zx����ބ�L>*Nb!nI�o��u�^�7AևF���|@��oaC���>��L�B�W�.AA�D��ށ�#O6�6�D��I���/	t��d@%�~�ȏ�3zu��n��Q!ޓ��g]��-�����+%s	��gk����y�����D�����"�X�����lʹ�����|e�	��%�	%�ҘQ����U_o:s��ٕ}�r��e���?��wo�x�������>	�[��Ÿ�-�a2���N��8g�E-��$��^�R�*�C���*�d���b�8*�ٶَ��E�"���U�*�
�j����*�z�F�F���k�7$���|�}>2}��3�\���ӗ�8����I%�fU@����"��l���uXh]�Ld�bB�RiD���Ofu��x0&��s��9w�|���L6�#m��-�D.�c@�h�\����|���[�T�l�j��3��w�/�(�I�������eq�S���<������ؤl�C�֮��)�eb@��	��ü��I\G`�<hF�`�v��L�I{N����O�hݹ�ZH)q�Kr�z�LtuP��<�(i�D���۸�ې�o�(�^�P����;�^I�2�̄(|�;I,8H�Z�g�[���1�e"��*ě��w!)3�΁/KiJ����hp�] '���-7x�Оo�T��C/��E{��&,�X����\�Sd��tL��z=��
Sz��Q7�t	�'bJoA?��'����Z�eo �o(ma,&�ף��G�o��4�Z�Dju95j�?�}�3XjPs�R9�$���|%���,6[ݕG�5�|J��h��&��l��F��~���bb���Ql8�A�]XqEİ)K%���0+�ǈ{����.��^�ɿ�����▻[��g.���w�0���Ж\M���˷c ��98/�9�|�s���x
��cp��m���-2�����gD�?m���|>_��/0���(ڌF�E�D*<䍼ķ�D(EIlQ�H9����?s7����Rs�'ڎ��6�̛Kmx2�>:�!'^�9��a��t��0 rh=hm�g8�GϞ�b��;x��0w�桡��G�)��	�$��)�-��|��5�g?��Ì�:��&���ͳ��9�}ݱo�T��]:S�'9���t�d�4�jk��5�,d\���!�)�S�tg��r�e�+�{�������O��u���H����Cj��P�e���~c#�L1u-�q�,CW?5��F�����-qk([��k�ʙOΞU@���a��x_$��_щګo?�q",M:����Vv��X�ht��u0}'�fТxA-��pu��gc14e]_�=�i<�$����7������AOӌ��~�b���+���ۼ#�{MIk���<=��xw��2�C�3���n#n�(��3�E��v�v��,T�Xx����=��fL���q�<��hta��x		qf$�<n�� �������'�i� �4`�a��<@��x�x��P]�і,1�v�$����dS�`���J0��B�����](���h�S�+T�nJ�����\	�h!�l2���5jva�K����eX�?rVtAFf%N#�c��]����d�W�;`s������b��y�M)յC���.o�!�=ދ�-
�����wWk,��������Wm�Nn�!O�����N2�v�o��#oAi,��|�|ɨ�#�>���X�	z�$.��Á )�����R��V3���w�����/���t���e\�,4����Q#W���G�$���������i�o�F�T/�T�y�4 �U�<h#�B,2B�`7\g�j8f`����q����z�!��J�=
,xܛͺ�Fk���+���k�[��64�a<�Y��x���A���� ӣ׎0q٨��`���8��4� t@��l�Dm*�0e�5��Z��\�OY2�Y�5��
8�Zb��b���q�&��j�����7��9J������M8�X�f�Z����ߓ��B��?��tpή�\Ԉ�%�0�kbn��cdy���R����&�x�ȍ?"m�G@w�W���%�0�+jy��*k1�E.|����E4���P��ϡ:b١�}�W?Gh��K�c�"��s�����
ޯ^}?���V/E'�5�ޕ����E�Vm=?]���k��kW�������޻�;����X[4
�m.؆�.�.�\�eq�ai�R�P������∀/�I3�b1�#W!�`m�F.�C��]
���^���FOF�D٨��mc�HN�=�!�J���˥�D���(ќt�5�b:��O5���ڋD�xͮOu��h�ЉKsf����iڴ��"����˖�p����i`�䬗uN~sZ�=u1������Ӧ\f��]S�o�Vh��׵`}Ǥ��[y�ϻ�=0D�<#�����T�WkTćQ��D��H��Vs�y���u�Ͽ"��T��ng�£�;����jK�6�K;�_���Wi/��3�k7��m�ާ�G�oz-�h�n�y&#�ǋ����\lX~�9�����C��m�-�&(�1��f��Wi\�c� y��!<L�z��w*�6�,�(�˓b����ؘ�~-��������A���ġ;%c;��mh$>���Wc��fs���h�#�d��B�L2tӧ_Y9��n���.wf⡫~#�����i��ԅ����ڻʞ�x�z����cc׹�6v	x�j5zx�E���Y���x���0��>̲T#�$k]�T����lZK	z|F��D͡�a&@:�y�W�gI�`<��9�|Ȧ���%�UI���W�����I]K�-�./ׯ<��>�r)z}�����=��䟑6i.9wN�����A?���[@�!����1�0Ha		s���</���{����H/�����񶎍��K���l�]>���&�Ԉ�`�֙S����u�ί�[ ��a��ƽr�`.��#�N��@ӤH��@��4�ڋk'i�{��$�c�]�<��/���P���H�������A����
oY�ř��$C�k,C�qC��u�>�)lg��$�����$����±�C�iD'Z�iB��d����Ң*O�x����/{#�ե�)x�S�
�gd$�#�NĿ;��Gp�"�9��jN�5�u?���(u�ח'��dh/+-<0�»�܂gߍ����Չ���x���:�����()t5y��������`O�VK)��{P�8OYJk��� >�Qيֶ�`{_��v�]����ĶI���~|��/i$�!*E����^�N�,��מ.�����-�O�УP)�F�T��u�ա�u��^�c�0�/J�Q�J*�Xtzqm�s �(j���Q�t���~2b��_���ʖ����H��x=J�J����k&�����w���^������iħ�4J[����uktLl���S���V?�.k�Ͱ�t���:�j1~���?%�-h���Ar�����߿���r��? Cf��3�Ml�0g�J6�8�ᗛ���	I��m|����ƽoC9����՗<��9�!焞�}C-�(�ͩQ�/1�I/B��b6
�J���f?̪�`�G_�nB7)�Lmm�ϝ0s#���	��v��@4�֞�ŵEٌ�T"��|�jl������x�w�^@FH��2g��������|S�[6`�]��Udj$�҄߸x��{�i�Ku�����w�(�#9i�����!h���	�o���O'�7�1��*�N�:�ο��G_�9`��a��{\��mƋI�V�O�>^��������tʱ5$�eQq�'��������r/�-��9��B���S��p;GA�yM�XW�Cr����KV��u��2�˫k���@
j� ���l"�@��S�ھ��Յ93�a_�h���`ٙԖG����ג/�a`c�@b��"hIj��#��u������9ͷ;ə����F↜:Eb|D�VΞ:;z�Hԧ��f�����&p�D���D=�17���Y�a���j�ັἿ3�P:���ً{]���9�7%�z���w����0��4Ch3jY�Q���rOw���o���ٽյ����vܝ�|���t���u�+:���3:���s��5�Vq]u�N;�{h���y�z/��Vt}ƮF�ߒ�:}Z��^���ò��K����<cT�kl��#�æ� :�c��t�<]��|�%T��Q�1�X���G1�h7t��U���>��t1�`��B���øݙ'{`H1���<�g�;.�3����:���o���vu����������J��?b��zs�B ;���w�ѯ����I1����wS��)rk`Wz/��)� |�C���;�L����?���N�S�%aIZRL�f�oFxO����i���Q�#a,��}�0��X�6��eUg�i�F�V�I8���q[8�Gm��K}f��&�r$-f��]4�M�`/R1zN��'>)&Qrrڑ��l�S���#�;s>
����-d��uCTR�OW�t6(��A-�2�"�uS[K�~�O�6ǅGK�%�x,fL@�%f�PI)H���u����&o��X����ZόS�!��X�f0x�_.��p��-��X�qg�w��u5�M���]6�ꗃI)R
����L����č�S*���<����]h�^2g�aci�����HF0�}��إ|(��9���p2FO3i�"�D&FЏd}1L,��-�ǘ0�����pP%��>`��a<�֭/}XY�g����7�f[�qM'FuS	���f���I'�Y�2�03�>�m���9�מ�!�b����sHi��v��g���D ���Ȑ�Ar��%~C4���X�oL5sT���G��V�a�W��S_�R�r}���	=~m�f�@����GT,_�tEsҖz�+�eRMrߪ��:�������[�Mmi�����J�&��R�.�a���=�?h0���$u��C+:{�h��{hm�Sw=zqǌ���/:�-S�gG'��RH��+Y���������w黼]���yG}#����:F�i�M�m��y�*����Meͻ�wy��w�uOg����z�4�yn��>&%7���L\���Ҍ������ŵ�g����w���g��Lfn�s��-�;�;���Ǭ�]?oks=��s���`�����ԩ$̵Vn��r���#�Z� ۜ9�]n����\sf1���@�%���D��,FI��D�Rch\����8�AՃZ��-#蜬�n��E��]�#���� f��"�M�3r�/�6g�ˠ̂���-4E �`��Ѡ�w.��/DJ��������;$)�1uI���s/s������}��Wmj��DҘ���',[
�ќኖ_E�C�AR��;� \3�i��W0�����]G'�;���R�p����*�[����5��VYti(��CW,X��Җnh)g���&1uӔ_z����#cm�&/i���|x���7M�������S�s�ӛ_�29ۺh�-��^�d��%ŕMo祥���#xb&��ɼ� .[����tz��n��th�=D����Q�I�=��hV]����{�^�~�浽��|Jڄ���Q�`��\��d���0�y�^�M���9�A�k��A !4_=�v{N����gIj�/�p�Ĉ���	�0G�$5M�=�7bF�V��uW������H����/g�_z��4W��U[7t-�h�}�_�����r����n�;y����>��g	m�n-��J[-(fXoE�������#���z��1׵qfhn�74�'���"�|�����Q%3D��e�D~�W�1%����v�$���G��q�umu���Fd\"a�S`�vϔn���SNf��,ú{f[�ƒP��gF���я��Qj��?D��*��Z"HJ͡��cØ��:�.�^�]=�3^���4��b��qvx�zgcnُ�����u�_v�y-�du9���<o�F�ĺ�z[J:�#4;����L���\�̭7tJ6��cW����W��<��5�^ךFC�e���9U{6��[Y���_��ܿ�o�"]#�i�Q�[b×�$u7t�l����Ĕ(%ϥ�+M+�H˩,*��c�)^r#7���Š�(6��jRö�A�A�1�1��O���������r�Aj��$�X.6L*k5I����I=+q�����vgI
�2��'��#Lǡp���?��dS4�O������I�4I%�#��-H�BAJ���*V��%��bgq�σx��A��Rهϋ�~5��$���i�g t=����!M�gb`1hڤI�b]{��k�)��Ǵe�=��̰=cpO�Ԗ��<$��pZYyۄ��ӧƒV�k+2ըfFO�TBfeˌ0N�N )�aJZ:X�"�Ru*�݆Tc���a�E����Z�%eC�X
TQi�0��f]�x���0`����##�}/��x���ާa�'a��=��G?�W����@����g���j��i�b�9i��qv͑����T_x�%8w�(\p����O>Y���O�ēO��'���)k�m��0|cA�	�������9������/"1?&Ra;��,��?W6S���H��[YR�	��բ9!��¡܆7-s��Rp>0.�Bǐ��Z�j���3����qϴF��l��_�Bb�'!\I>T��;Bƹ���ܪ������xh��G�lg&��V,>��1s�#���1�����q�K�~��W>8����?���[�6h����cs�������O���gӿ|��I���~;7�b=]e��������[z�����9�E���=w������
�U���&�{��qc�\B�p3�cJ��Qɴ;���d�q�l�s�ܑ�J����G���p�R���QWɳ;�������Լ;��'�:[��/��}�����y��o�'R�t�Xlnni1M#h�,N����?����xHH��~"��.�� |������`VFЋ�]����j�'6���׀{O�	"��F����=�FE��0d��B1���C�����7;��%	Ɍ�3�|�I-�*��a����V�"Ӡ;d�!�Z����t̘~,e�D/L��FT�W�-�J����G�-Q���p�?�.)Dͼ��Z?5U=�i���l����Fv�o-=����UBz:�{�o�f�Yܖ�VMΰ�U�0�΃]�����Ì5=�˔����T"�J�o���<3}��&�Gbvdn@n�<���� �"���F�hk���kI�M�Ww�f���"����A�q[�e�� ������j��o��]sw��y�5{,�:u�Y�&�#s��Y���fU_����h1��_�5F]k�|_�kD*���30Ak`�����x���Y������,c0T��f�@�� ���ϲ���;�� \�_���2����� �������Z��	y�{I:M"���n�𦦛��jʢf���X�������_�*��!-:q�����%7!��w�S}>y��)f)F�<^}���? �1�J8�' �IV�N�w�L!g���ą�:�nq�$��1�ز��1�͢�V��C��w�6��蟳��jC$���Ǭy�<#�k�%�F�������C�9v{?�7����ᆖF�q�F�o�˹����:����Ғ�u�r��֖��	CL����҈C��C��w�^�q`F��5y�=�	:��H6���DM-��R�Z|�� n%x�`�>�x��y��@���t!�S�=#��i6�SD6:�Oe��40���":�u���22ğ_�'��(O���ߺC���6�����=��D�#�3j���1RKȩ$���s!���Ά�}-�:4CuW³��=WD/�������QVS��w���x����3u�Tթ����)K��KzQ�Kl�vT�ggT�޲�a�W[������8��|�U.���ꂘ�����;Sl>O����N����J�+c��v�+G$���s��g��x�?�oʺ��4ia�_R�i�L��� �Ƭ�Ӄc	�v��Ö=h���4����B��`b�:4@�D%)��A�!�\n��!CtuF�Bc4��Ρ�Fmqw�����7N#�#.I�	f���*��Jm�_�}e'	waB�@��e&�)�A1��4�?v�^րb�X�!�j�Fc�P��$��'R5h�>g��Ş~�$���y�Ԅ�D"��N�V4�Yi�h���@�g�t2�8�5	.����iU<6��n,B-��%.�3�,�:����>�l���j�Q�=�Ȼ�V�{q���o|�!9ހ̱G�?/��]�s������UW>^J�Y3�����;?�x�k�pqx%�<x�<��է7I���Vw���܍+6=}�[k����(�5�-�~�qP^�+��n�8,��Tiv�Զ��8�����1�ƣ	6w[�)e!����),�}�h�˴#�S62���yʹ6��TAs�C߿G	���Ѧ0G4i��Q|&�2�U��=7�T�|(��_�ϲ��|d��a�R�j�|p^�L{��;6LP�'&���1 *{�' �tO�Sw?���._�t��Е��9r��-ߛ~�����ݗ�]?+�r����_:UB�>~��G���Z���W��?|�'��g[������Ϳz���[w/ �qߩZ��1)e�z#�jtI{��j��W��s,bG�����M�� �G<�G�*����a��LVSAA�������P����bHu�� ��R}��8�g�aM�D.s�������9$���[U���/A�۪�>�'��-�g������tn�j!t�;r.�6�S؋Xǲ�!�AV�
��6�C�����i��j�KHHh�������eS��P�*���B��y���7!:ך�#��@r{FO�>��h�*�VUc0����eh�"�n�_S�|u/��ˣ��/G~߾��\�!�������,��އ����5y��_�d4Y��*oC�� �{������6(o�Qy#\�U������VVh��	��U=_c����K��Z��Zz������1@2���QE�W�r���iJ�e�U9N̊��9�YD����S^X��|}�-K�R9���4<�p���ؠԐ�&K	�$��(� '=7�у�`>��Qyi8h��R ��-��<^/�r��j�����}�1���'��`?c�ϋy)_�����sy!�!C"G�Y���F<��*d]N�����0c1�P.۞E��+�=�W��Pi4ڴ����\}N��W��^���4��C��n<-\��Q�Svk�h�䎙c2��Z�yL=���]���$@4� ă��ヽ�#��O���c9�c�k��~ 'U�6�˫�4&yFt�%<o��z4U���Fix�=���D���$�|F���%�l>KNZ��qgr�w��Y�3��Fu����l��s����)��^�������S��(�T6��"�P�5�3�:�U>�C���l@����8-��N�!ݧ��I�����PVC�'P�K]��
�����W8%a7q���Z�ni̟q��m<b�Y�Hz�OW�(W;�'�J�����9dv�j�0���r�9&�4���%�Z<O���i�j2���^�~׬d[Q_�,׵��ff���������9eWt�=�̘3o�=�>�{᎞���%��O�L�	�� ����K�k��ө-�S�8�q6f)[z,���������{��U]��{�S��>��H3��Qi�-[���q�m��v�dL��ӋM	�P�B	�^�!�� 8$���KLI�B�|�����gF������s����̙3���g���Z{��ݮTX�W� c�m�� cN���a�b�y޶]��ӞL�8��6�B�>�-�W��ʟ�(#2��l�Kk�|����t�(Zkd~���`A;P&m��>ApUgFx^,���-7�a�W��yҺ��J��HWw_6})|��7�k���m��>�^v�u�������9S��5���wͻ}F�#Z#ٲy��*�=pf��\�Jw�HM�<�)!k4	n�WP(�N�J�R+ᙂ�e�,˨�*�:"�N��B�5�4jr�@�d��:3�v2ı,B�f>O�$�S��L$�I�}��$~]K��ZbٱV]"l�b���Ҥbo����M��}tOy1[qD���+סt�z&�5�e�-R�
2W2+;�����v�C�r)�*]�r��A�Th���u_����\�C/d%��U/d����/d��m/d��� �nĚ��Q5ڂ�ډ���ѻj��!�Zy�0�=>t�u��O5BM�q��G��l��g�q��o?�87P~�?w��y~��?w�Ĺ~�y"���K3{B��Y�s3{����_���	�Hy8��%ݸ������"�N��bX�`	�/�*Mʒ����2��Ɵ�Dg�vn�./��ܓH_��|�x6u�A����Q���¨ޒ�M�O�n�-�����_��9�-�c��C�c�)�z)���X�X�lau�Ld��#�:�q��p_��uQ/�q/��C^�GZ�	 m���q~�N).��MFft�����szi̱�!=)�G-:�E�Jg4Mˎ̈́#�F�Y��)��h�O�v��$[F�?����ۮ�?.���o꼱)����ȓƅ.䖃���B�d�|�J酾�wK�J&0[���ϼ�z�+}������{���[���T�B[�m�m�m�m�Mbd��:-(���a����x�"�k�E�.r�?�G���y�W���8�	F�7����� z ���R<0�@bL`}ɲ��e�t���PӸ�5�ϙ���.�D�J|���{�H���'& a)YK?&��(���3���ɘ���=s�����)�����4�Çm��ޥ���q�nk2>�}L U����_A��77�o��:��iֆp<�6c�̕.^%���Y��Ԑ-��1k���ַ-h.z��Zi�[\���9��ҽ�AnV�V����]���̘�*ܞ�m�y�����( R?���uPG�S���{��D"�n5Jg���⫕��!8����^zٶ�]殗�sQWB�Js����q�Ƈ�`aǥSB�և���e��^��wI��`�<�?�8��)Z-��D�
����C7����%\�\�Dʃ�(��t�.q�v#�����������,%� ,�#�(��L1M��P�E[�0:�>B��&Qr�mNdN�>��WX_`
��R!@��0��G"��j�4���5�?|��L�VQ�W@�
���~}��RIK6�S����5�L�A��ɐht</�j�ӥ&�4e�|o���i�h��-f�X�n�&�{Τ)sU�]�r�>(<�8akogz����'On6]:�|��ݹ7n�k�ES�^}./�CJ��g�߆��?P�������ҡ�+SK+[^��\��mp,4�����ӕ7�H����G��g@3��%�CD�����
捩MeB�秢���?Q�ذ�<�'�e�ɖ��z*욪n�K�$���3|��k|!B(��$� t	�rE4JȈp�Euu��dr�N1�Fr`�tu%�w�p�r��Un�A�F pK hq���&�`��6��S��5�B6�k��hi�k|�彁x���NyHS�j�DeR�b.�)��o��;Ǎ7f÷�\�Ơ=$�ƻ@�#����8RVLg�e�.��\tAw}���u.Ft(P,q6��ɒ���'h�F9FQQ���Ytꐌ,C�_�X��|�tעx��iŬb����8k�/�Rǌ\[�%�|���ܼtFc���i?{��0�k���7�|�e���o^������;-�.jL�6}eϼ�ֻ���m�I��`C�+:��ok������v���	�F�عG���Nu�\cn"��q�G�_1v��4�Y$���=2-��x�.��h�:��͎�u�'�W��Ɛ
kyvGP����QWҏ�;����38��F6�O�����23=u�,&�$��e���م�h�n?�)�`�f�l8b��t��
�w��^y�	�2�	�B\~�\��:�(5���#��y�����gE�`qO��K��>���z}�%���DC����&�ĤI�].��G]#��-���K%#�����a�3b"=�T��#p��cr����s���"ٗ1X?���K:���w%cOT7%Wo����y�WnZ��.q���^��d~C���Ԙn�}��%ƺ������Js�
����b�Ed��xO�Mz�Ǵ=�Q)۞$A��P��U�(C�X){ �$e�d��8�U"F"�R��z��(�2�$v��va+H��v���C�V�H�d�t�@bA�~4wƬ�Y%����MXEC���v.\�E�����M�:C�3��}��ᗗݾ��yeAg����;��̾�2�٪����Nsў�W,ܶx�2R3;*]�[�U����ǍH��:�a��&�f�6r=���"J�;�<��J6���1*�0Z1�Z�t�l�fE�G��>��6,aW"q�CZ��R�6Y>..؝��Q���f�[���s�z>�MΟس0��c^]8����Xu�;ϞֻpфI�{g5�A����\80n7��;�ZP0lB�( �ie����.�|�`�e������nE\rd�����$�u\����m�U�8�����.��	�N�+�f�G
�I���&�ј��F��YH$3��@	ϰ���� �B00<����e�M*���w{���#\cVP,��<�	�6Y�֨�GvhUf ����uN��X�>���'��/�2�3�;�}	[4Õ.r+A'DB��� <d����È�^���0v�ըײ
spL{>b��&�MB���ˣ��GH�dcĄ�Zw-Y\��9�i��eI#�~�-�����xg�5�gӿy�q_ɻ�wh�R2���m�>��v ����q�;�8��P�4p����Qx�αc�ipL�h)^$�.ދc��"Ʃ���ֶP�5Rp�p�-��t�Æ!��Q���ê�C���O7��Zu���3�����8s�B<�4�2����gT��d;kɊ	=˦��h��Vl��je�ee��n�l�Ja��v��Dh�yW!��i���2!��^S�����ǅW���%�U��s�	x�ʁ݂6���P�j�dV1��=zK6G���x�I���t�.�\�Fr�O�=����;ط�u�E|G�|�GHΣ<���C�vXG�Y/�g��y�v�*�=bk�:��`�B<�'g@j��ʅ�R5���Hÿɕ���.h^��Mc�������<�(��[ �_�n���ǎ���_]Ԛ]���$�����^����3ܩ��UI�WN�Gf�/z`��19���:u��ʭ�{�D�� �1P����p3!2B�X<v�w2�8����o!��,�h�%�p��[Ga�b-����r�h�����+c�W���V�i��J��동�m!t@ʼ�l�%T���V��<�?�����KDxp�@�n*t�0Q���Q�`�g���{�o��٤!�ȐL��l^��v˟c_�<'�l�[$/�Q!�/�9�َjA�Oc����=�>�Ʈ�߮Pȶ���>-��r|� �,��%ʪP-���x�83����"ӭ�3�"�.a�	B�a^�en���C=�{���y����}&����T�*��Vi��µ�j�� ���fy�#��!}���\B!)³�Č̄�Tx�N~�$�n���y��E0XVl�C��P ��h���XȮ�C�k�b�A�
ߩNl�Y�#/՞q��J��x��|x_e^�������ʼ�������4���W��s�u����P2fi����g��RN����&�$[ȥpL��5Ld}�� ��~��R>�C��H}���W���i]g�5~��g�⍸ӵ���,�b������Ι��S�$�y�b&q'��D��IY��=M6��IL'�/[�Z�����7�Up��E��7�V��w���w<u�d1�=�3����WG�?��Rߗ��&|^B�y�)7���܌��{��y��R�z��!��[��~!�/�F�&��6ս�;��'�W=f��������}�9��v?{���R!��W��\�maW*W.c�+�׸�c7)oP]o�Ʒ�}g�Ά�;���$���������w�������#�cXъ�`�<;��^��'I$C �d�f���j%f�����Mp+���c?�D'�Y=��:�b�����V�l�j�P�O> �m�qE�(5Y� �L�^���D���9�fQ۹)�3�i^��_��4:(�?t���O�鑈���\W�vu��������k��"*���]Xә'.L�"b�ū�$ĜZ����o(^*`U2ٔF�A�/�H�ZI�BcB�x4��B�c#x�Q��B���`1͋�ˎ��;���1�ׄzG|"�0�i�M$x6�dk�:��-)Dgݾ�g��T(��B{tGO����:�פk/;|ݮ�mO���q�`fʦ��?�}òӸɕ��T,��f�\;�������w����Vf�ʞ<�)(}��j�r`�3��rE��ͫ�L�I��Q�&����X�q�c#s�e��!�s��Y�[�Y�4�e���l�̀ff[PXSR�T�H��A�&B�pӨݾ��5��$����O�:�B�Vú���BJ�ڐBBjg
yR�J���`N��e��v�P�)q��`��Ӛ�P�c5aw�S�yb��9�<!�0q�6Q��^��E�(�:O]�kedH[��P"I�|�E���؎3÷�pֵx�.Xt���fok�Kk�1��)E7HS�>�dNP����lBP�)�wSŨ�eV�Ҭgڮ��.��ɺ���kθZh[7��׾]W�'�{}V��uh�w9Z;���ݳ,w]�4�;�����;{z:��K����>{�Ӕ����׸,���ۖ����ד���=��q�;*�
�sp4���(��yY�7�^x�|է�n��?�Jj���0�{-����k�cXo��$֛t��q;�� �����a@MA�+ �[c�@=��j2�؍rv��M_�36��T7�^0ٲ�ꡦ�]��g��VQaJ���D�/å s�ۆF���S!6�hc9�Ǚ�_��2N�il���g��*��z�[���\���XJB��׭���1�9B�Ǚ�vTka���
}eG^w�M"cɓ����6^��8ďI�ޖфa�Kv��|4���>��|7�S}��w�H+/#���cC�u��rM#n��iN��`م<�q
O�uΒ	3�= N=�^K��*ŏ:n��Q�~������!}��Ǳq���Dd�W�#�[��S�Z��ۄL6�ڟV�|{�F�>пkJ���s$	�t���,鞽w�Dz�L�T&������՛�;�Dc�פHl�򫵭'�MJC�ztih�����5��eA��e���IG�����K�4v>��4��<��q`�{�r���X�LP�����H��0�d61�h=C>id�~��������H�c��Ư��5�S���&�h�e�,�
�
ώ��	����Bů��m���Io&��/p7a�,O���H��5Y��������]�^+�e�L��(9^����$�,gd%R��Iqw�'~�A<�����M*�`Y�K����,�8<��)�W��+��I��U�XWiu![Z����CZ��ʐB�� ֺ�U���[*��YpwS9_nCϡ��,o)߉�aM���QL��UL�����	�t*&��g�� E{��e�xyj�}�ϊ�0ޓ�Lqkz�<�A?��S���<7�&�.�SPpҝ��"h�0/���<?8���&�Z�X�z�9�[n9�i��z���k��"�[H�� r|*�Q"a�r-2�+����j�<D���}#�����s2��u�(�>Y��%�yu����%zA�zk=j��U�2Qm�,yZd�,]I�!�V��B��ƥ!_$"`c@�F"F"�s'UYU(�TJ�=b��*����U��E�TP~�d�~X�ȀR*&���TR)&2�O��*%$����t��2V� 3���M���.daL.������l��:�����Ɠ�?�k�pAI���ݪ�-����>���U����h%_}�U¦�����"��֢��L�Ł��Z��C���y|��`��	�������+��/�R����\6����b�f�`���̨$���r�~h��poô¹]�gXj��[f�6���fX�W^��n�F��N��	�K�75���m�LѺ�S>޶�%k��q�/���x5K@�&3�?�'�݊�"��<��n�ϱ��`�,"1�?�#�	�0��2஋�3��`�d6�w�H�S�	o@�b�N �� 1����7	|�\�U�π��8Sh	
Q�a^ �fv"{;|�e$� ��3��5��%f�D�	�A���8z��DBJ�K��qA�ĔqK���#�畹�̽�l%_���zj��³L+�����#�x��.��ȓ��#칁�>	0�@4��`5<0�y��%,?~�=�6Q�$r

3���wi���(��-�AUݠ�儀'^Iy}:�R"��P�WM�s���ʍ�Hڡݶ� ��£"�]�4� �Q��j
����h�V���U��� ?a��ԌZyO"���2٦sNU>��g���+*T�E����<�b_���?�[κ�s�آ��ً�7�S1���l  	��5�ϰ�U� 6-Fk��T_v^<=��9�j�Bo�4�. �S��1��C �*h�D��J�.6)�q(���n?eR��m����B���f4�x&d�!��&k���rI�9V�-�0�WB���5�J���'%q�۶��\��-�SťZ�@�W)�CGO�J�QK�)դ3��Pc(kȻ@ڔtAlT�2.�2�MmqVD����BH4B2⾚���zs�h�h��D�z�JXzamhQ�ۚh�R���J2���l�s1B��3�>X1��.Zv��U�7��J�Q �z������1�tJø�x�W9����V�6A}g��/����v��|���;BBm(rZ��K�������̵����W�eǎ��<�-TΖTr(*a�R[����>R 5��ɳ%�p''��
La��y�uvN��s�ZdOW�={[䇣v��4��@�]�?t�:<s�A�Let�u����~�%��%�{�C��������W�'W�Zt�k&�|��'a� �f(��Q��w�#�I��.��;��݉Ŗ�@A�R�[����▮N���@Q��f���(����e��Y3�n	��b(��9��Q`>4��į�5��u�����gCԚn�"���e��3Ԟ�tLU���Y��BGԚ�,(�-�fgC��Q��ˆ�B1nK_/(f�mH�Q�h�zw"�,4:̊��\=׀>̟{��c���δ��l�'Z6��-��i�t�=�x��ᤶ`K,֡��q���%�碽M���X�]]��w���Ǥ�電X혀#k摩N+�O��o����^�a��	<�G��="��{��'�s�|��wP�����u�YL�Y]�.��[*w"l��V�W#V�~�R�ZC�7��ʝԢ9Ɋ��e�Nf���}���
��ؾ��.��o_V�<Ŕ��1�9$�m�ɳ]U�u�<��5�P� �@D͚"A�:�	����i�e`�����Ax��hú

}����(�����񼪼�@��mًp��$,�~�
�����g7����X겂Δ�nh�e7䚲���,����%R��D��!�ƨ��� �Ҋ�T��.��]X��'*ǐ�ت!����������d�LZt*��-�%z;�uH��{�3���@�y}?�C�Y��\�h1����t���K>�<�w��m�������~���b�0�6d�9lu6��c�c��3�{B��烡`8	2����^�r6�,,-�s��͔�D/l�wx�G�B���N%�t���)�m��_̼��N[���X��K����za{���2�X4z/��\^P̌�	I�	J�4B�$f����2@��t��X�RK�{
0�?��=�����b�팫�]��[&��p�Ywtk�^��Z���+����~��_��ѳS2٠0r:�Ġ4���J�����>�rկ�m��W�8�F��2��F-1ʹ_���?��Ż~������V��g����7���p�C{��E��3Z����V�rVJ�l�gRX�PC��03��5̻ɳ;��q�#��
Cp�7��r]x�7N��߳���^\����h)�hkE'�����8_�9 S���yl~| ����'�Zr�s��*�KP���5d#��:i�h�Ԣ�T-�9آ�u.ꆩn�{C���#�t�;G�P�I0�߇M�I�i-{��h���!̍\U���^��" ��Sӧ0�B�	��;���5Cqk�^�WH�$�Zz>}�D�����#z
B������'��v(	�B�!����:���I��p�:��*���u�,y���g'L���3��4zE��F/�+<�i|}�|�K�<'��W�_�OO�-}@N�-'���w�;��= ���Χ8����j�����+L&K6M ӂR�M+\��R'�A�s��o��q�l��w����T�M��.-8ȏ+��Ci�)}(��O�QZA ')��������'�;�L��)�R$(,�I�j �����gģ�N����L_�Z~43�"E����"!�O$�W��*=e5�Y�~�	NzF��OCWV}�|����G��ˎ�y�#\���5�;�[�4��a |�q��4<��A��g��`.,�l$�"9��4j��K���˽��|�ܭ���"���oFv,��;X���(U$�e��|�+l�����1	v8�&���ە��	��f���ܑ&]��[��o�j:����f�T	UU����d�缮���]_r��-K�#�\����D����K=ɀX�Nt;��l��d��6vF�A�TI��]^����������XR�y$f�KAesd�[)$�W�L��)��J�K�����U���Ħ�QK�*�K�!�^=J���(!g5
GdD�c$�W��W6ֶ⬾s�7��}SQ� O��������� `�{�n�x��Û@�&߃K6�}��v����7�"v�F�k��QA�_���E����f�l��Њ49�����$��p~�k�͙�n�\��4���g�9��͙���7��/�7W.�%�-O�:�L��K�:�m2��T�@� �GԸ&?> �m���I`���g��L��>���Q퉥�x0#��Ix�� �s�&Ŏ��.�N&�佭��:L�-iW��C?�E��(�r��J������P�C�h���#�+h� ܮ�Uv�ȩ{�M����'���������7��2TJ��������c�V#��L]ŭ�<�����.�( p*��s �-�Z%��L��N���{�j_I7��j�dt����*|<0�	��ɞ4s+R�q)[�邾0qz�.V�6hmc���6oӹ��$Ѷ�ˈ��|���d9�+��QrbhDNQAa`2�|�y�7�?�|ƛ�	^��+� Q�r�(�ܛc�m�����r��^�ףv��*���Q��{���s>�� N`F >�Ao�	��.��5��*UD�1*��*��� s�g��qA�է�#�	!i�up$�|z�F����>����}�5~�8DiN.q�4x�z��YI��j���⋒h���g�8XDR����$�<��f�X��Ir"��Sd��Q_��T�'����գ#cƷ˘O>�����ߴ�w+��Q㱮*߱�N��僉Dc@���վ�*ƕ�*~ϟ(/(��.\�V���s�a�^�o��?m���kd@�n�V�����#����X�	��tJ�n�Ҍ��Lij�^�������!+�����er��Y��1�QC��t��̢��|��y���E/�:۔j|i<>TS����NoIliˈ����3� ��_M�a<����kSQw8���P�&��<}����!s�ǺN,�*!��<j������^�kMT3x���[��|��}a{_;�ޘ&���(����	{1�ÞMQ��K���~�`pf�M�&�W�[N����~���l�	g�{6m�q�vir	��~�:lEV� <�ky���r���e� �!�c;u��h�+�z���Q�͸�����?Fd�	.	���cm��,���V��_�
�`�TRd!~v��.R��jҺ�dH>���+%]��rt3z��fz�$h����>�ƺ�KX�̴���O�)������?`y�ιJL�l�d�!��j��	|>�ǩ��}�_��	�~�+�y29�A�b9�H�S�~6���s��ʧ%G$Hb˶ϭ�ވ�N$J�m��Pb(T����$p�P52�@|ȓf�ٵ@������E,yħ���t��O|B�h�;m,�f�A�&��o��d�L�-���j�1�W��b$S����25���ɨ&���l0�&�NKß�ۊ��O[:[�Ѣ��m��3n=t]��!���j�u��]4C8�'���ç&��˳������6��=�Jv��?+�Y!�f�O�8�ݽ6�3�	��
�r��N"�`m�`�_��fuR�aN&���(�*�2<@r��x�˩��!��(e`��9�a�!9V�P�"Wh2r��r�ѐA� h�Ĝ�;�B�"X�4�����I�)W�Fg���}iMd�p�� �K	����(%E��4�7�-y���4�f����PHB�ܴ5�(�o���Ye�zΔOݿ{|���n��+f.?�>ۛ�ꅠA9.��6�:�oh��w����te���+{^�Ee��\��������qݎ��g����g@p��Tm��/���u �/AAA#l�lcppx��Iф�����q ���Ya�|�%�O0���M��_k�@c#g�z�	yE�0�}~����(4naf�2[j|��I����4�|�g�K����8>�AC��C��-�
i� 2J�����z����κK[���RΦ�$3/*�J$�����-G�E� D���b��s���A��Vd��U3W�a��y|����W��.�/�l,lr�d���z��?ܰ��nK�d]6���{O�(���}P?��������A�חwe�֝{��Ħ�p�����I�!vW�����.���~ 5<�:7��hu<Y*{�_]@��S�:2����g[��J��B`@�	z��� k��n֑^��M-8�����<��*[j�@M�ik�Y���?3Y�?P+�QkŊ%�c���e�C�P8��F�0���>#u�p5XS\�RPW�z1?���|m�R\�ɨ­wXR]�S�^Ә�0{��s�x����t~�YM�lKHX:fa���9k(����ܶ�Ml���O��7���u>��k[f}��ym�o-���?B�๫q?(R��b��v'�X��:�~8a�Eh|�'�o�g�e�euDc���&�d)���
^�P�g��	�"!�H&#,�u����(e�R��y�G��+p(d� c��#�c�eT��=R^�D{?�c����`�q��G�HP��)+D��Q�Y�FB/�B�[�+�-Hle�c����;��M��T�����
Bh�Pa�/��1k~�18�Ty��}>�^y��[yΜ�??Z��*;�Ax���h2rˁ��=��j�s�>���
:�Tn�[=:�ۚ��_
j��R��,�������x�/ޫ߀��'�}ؔ飆��rK�������/I�B
�	u��ljC�t�p�+�qWe�7kTq2�YW���Fny������K��pY�Ymt���a�ϑ��� O���bg~md�5����_���.�.���E�r9���4r��3�8@��!»���I�%I-���@�~X『w.�*p\P�+Rp���u3��±��б
+��CԴ�
��*(���u3'�LL?}��8�[`�ms�<��z�-��f���D��Tt�1.{Zc�s����=�eB@�1h�����3TK�����}z����a�Z�uLa����ȋ�?E�"�Do�#=����I ��"��P�9���E:	P4�˰]��*<��6� �r�V��"� z]p�*�*v(�W|���x�O9<!��!|��Kc�q��M�Fd���P�xܸ́2m�#��>Z5@"��D?�=6@f��ri�`2�,��t�NL��Q]F4���He��ޣ�'�"�-v̱4td&�FO߳��̫���?�K�Lfŏ���
�s���FZ���.l��-^p�ϼ�-$c���;�'��=��q��Q���Sp���g3̢�����3o�?L��},},#�H���I�f��:��z:���]���N���tYe6�ݮW*V�:���s�j�k�s1�H2B�CS����V�eZj��gfG�Pe�@�c���8�ۓ�x�o*z8v�A 7��`*�r�5�qC�� 	�!1�����w�87p#��a�e� �%b��qs-�NM&��K�Ŧs5썀Y�!^:���qg�T;����^��n ���W60�|�~-�,d��$=y���� Ay_�c��O���%KƷ?t��OFK���j�GA�Vܾ�@4���c!o<��#$���\�n�������q'b���X�WwWԑ�����=dօ�>_<��G��@0x(#��p��O�����D<���ք��1A�/�khz(J������T%DA8N"��� %S }ܼ�рe#�*�Q�^3ܫmOw��$�nt/�t��V֓�J��eL~V���5�3$��P�|�ĉ{+o�|�ߴ�7��+�w�5�iIU�%# �x�-�|A!���O�R��DF~),�賬�H�c*�ll�d�y,FZ����\k"��'��x�������X_������R��G��qG�jH���h��O�/�����Y,_뛓��@��\c*���ܟ�7�3�CM��;����x����UK�������֖<$H�:���1�d*��n�#r��t��5⬆��'� �fF	c����j\o�d��Pv���~}���X���(�=�Rs�PE��K��&J�d�dh;�φ�5!Q�#���	�����
�!@�D�(����u������N�����S;��8�{l7���£�Ɔ��w7�<ʮ��]۰!�r2�� s�YK�K����K|nw�]tOu/t��׻����'ПA�QA�ɺ-��K����x�"�v��?�H�SB��Θ�v��9�vrA׽�N� �0n1z�!��
��oL��zC����Rq��PlZlކ��Y�	wpatB0�=\O�0���012�4�}�1:eryp���t9Ѵ��8J����Ј�H$�!q[CU�e��K a�=6Bv��A}�V)�)d6�D*�p�K5��B2�,4r�<%$���&^9F�W_�v6ח���
�!�%a����Ϟظ���u~���?���s2�`�f�;哙N���+��U�����~R�s�jb]���H ��cԺ~~�6�`�9.%v���o�؋m�w)��D�*���u�t��u:�����8]�٬�W�X�~wd��� � VA	A�,GC��~�RN\�>�r�wk�2s~J��v�V���Ž�uS+�B���T#�l�t�E�����S�y��� �z2��� rk6C�N�ٌ��#�*�ȳ:}���9ԗ��2^�?X�	͜X�����o�2|�YH}]U��N*h�6�	�Ma������QL��Qw����=�>6A��F{]��Ъ��" ⶍ����Kp�H	��p	pɷ�w�7��2l�F;P "���x,	� ��~�z��X���]����e�>���k�����Ɵj�����? �<�����'#��3���>�eِ]�r��+�Ӊ����v"�� ��E�ި�(hM0(.Q�d�y��}�D�ckΣؤ@���
F\�>�^MoD���7mk���49�t�k����㯎�� �\�E�����P[�/��Jj��C��h��[F<s5C�LaL�q_)mԚ�X�P�!Հx]0j��F-�$��0lЧG� Gt��UJ.wr� �@���9/�2�T]������Y�rAw_מ峖�[޹���N���q�Z�d⊠5���["s��w���w?2z=������.����͎�jVA㩋������g�~2\����5�-�6�<����4��Tq#���rc�zq��7��-W���w���t0?��dP��Ar&N]�=-�;�)���t���|S�Hf7�K��\�^�K(*��٨���FO�K"�����*������{IȘSX���.n'�5�;Y���Y��~b1�Y�ư�����h���ς��5wn0X;ˁK=@Gi�:J��(�	J$$aR�E��ңe�ݙ�G�h�YB�?��o��p���q_!�@h}l}���;�\^�̏�z@��	��s7=�w��e���v��e����΍�����fm�h�N@�95���$�h�#ۧ���V��mC��'�L����{�S=P�)z6x^���å<��߳ͳ��yQ���t�;P��u5�V[>F�;���
+$0�X�L#H�!a�G�)>�H��`��">"���[�a06�7�і0,�;O3$��@)������Qd8y�}���%^匷�^�sں�*O~wPɔ��W�Lb�N:*�u��w���0;O^?����a�`J"�$1��*���V��S�b��&cYez���Xh�ao:m���2ˌ�=U�a�ʌ|H�ND��_S��ʌ�]B�:g6'x�YM��{?�^����ܡJ��r�9�k�*Gki��t��1�����,	i����=|K4�08�r�Um�Qˉ�՚�}p�~���O��qܭ��uS�����%���U���+�>T�݂�,ۺ���*|�8��i���gl�A���=Ψ�_hke2m�+h׶��oh��ε��KssK��"��.=9iw� d4�ȸ/������Hk2n��u�}���P ��d(#�[Giش�5]���	��%���10'{ F���L4噭D�H�A�=��}���7���v��L:����Fa����|N�{2�+oUA��g=���t^q��m�[Բ��o#u��z���#`�`�
aM�@��Ժ��p��ʍ-�vҀ�@�!K8z��.g-{���3�YW�2����H��Z%��$�(OǏ�5X���p���'��^ZA�(�|p$0�{*�Gb��ʳ�Z_�c�ڗ!��� ��
���5�	8����'�l�E`QMӂH BQ��Z<*��L��jǿ6c�/�"( ��~�k��o��	�ƒ��w�1�X�����:�>�)�~��`�J3K�$rӯᦿ��&���ƅǆN?����������=x7�(b̰x��I1��n��{��^���Vu.���,�1��I�WQ�u��9�H�����6�5n%�}^��~�EZ�ǋ�`pغko�[��W�׎���x���>P _����2Ur5��GZ׹j]_��aB0yrl���{S)��F�Lm\؈czj�)�p+�G�p�o<PK����*]v&*��'UĉRxGJ�֗oqR�쩥xcoC6å8 4�FCZ�#e��Z�&W�z �=�q�S��g��I���F��#���M\a�
�I�i�m�7&s���C����>�t�v�R�1 F-l�kBM����,�4;r��Z���e��Όy:�:�A�Ye�/T��Ζ�Ys�Yf�K<��b�Ι�kQIk1_���p-�ɸ@ؤ��	�������SY��
,���!�8�[]"���x�*�Ґ�*ՌD�m����|��p���v%mp���q��ꬢ��7ԯI$����t����[��P�ϐ�7[�ĉT�:) ��wb�ځ�0�CD��zb��={����ｧ	iǴ��N'_{ٮ�����/�MO:��^��~�����cGb�߁��_ ��@4��n�u��+�����Q���_1W���0�p H�L.�'��Q��������`@pa�/�6aa�$���NJ���ڑ������.,��ѫ�n8���Q���# Gb�̧ƨY�X�R@9պЊ4V�YX�R��Xc�֎Ī�.�e(��3��f2�,�=c�i؄>#�M�m&D8������40�D4���%�#\	� �}�V+��%>(�&;�+�*�ܑ�܅K�(x���q�1�P��f�g�jFf�<2`m'd� �s�K�7(��b�qe�Gc� ��FlN�TZ�F�8i��[��"�P�d6��"��:��pM3B�v���j�t���L��4�r:Ir])���:5��e_�����Vn�|�9�_n�r�T[�|M��?�*���1���s/�k�h4��7GA��X�����h���M��_���J*���E����?�e�H�(o��s���!m�&HUY�-��2����P>�A�)>F�0�yu0�/���@OA�h�=eGv���+c�&t�2�yX�!Ti��
9i�ܝ��A?��(���F�DBށR��N���8�
j&%0 =@���V���3i�N��������~�3^�7U�V���c��	/�����U��P��������s+*�*��J���_��;'W��<U�}e6�<���+�zZ[{*ꍦ"�IL�'\����z�}R�T!1K�V�Ua1[�o�
�8��ü����AŃ��/I�W<o~�._�Xn^j[�>ۻ<�Er�B:G2W1�<�>�=�;7�D*5J���l"���d:��J�^�$`�9弲MY���Iu���"��2IA&(}|���w�O<�Đ�%h�X�V� ���C��w�I]�W�S*$i�'����b"| � Hm&/a�h��Y���by���˅��`e_�S�����=�7���0R���N��W>�6�u��ʇ�`v,���c�~zk0�t���ց�W��lTZ9��V��}�!!��,�&1� ;��>l�S�ޥ��6��bc#uP��w�A���8�6_hި�h�&$w�k���j���'˂"�����oyW�"�2q�)9[�PB:��f����0 �7����&Wd!��5r8L��H�R��ˣ�+p�<؉�%���3T"��40D�C�L	�I��g��7T�dt�Y��Hp�D-���X�&Ԑt��	$a�BU�o��N'B��a�_���Z\ӹ ������������-���h[dR=�`�k�i���v]��K��&l=g�%�Xq}e����j��i�[< ��Y��s��ձ=h<7���8�_��\�_XwE��'�ʰ�6�-h�f��"�K���ۤ~��Y\E�6R�B*	����PV`s($����ˆ�#^�AJ���\O�,��Rb�&02Il]�@ю�k��u��|D�4 á�h�U���P��/�;f1_������xխ�?_�v͘6'3����^]���ݕ2|}ΜIb�\�<?3���������MSV���#�O�y�Lo�o����a��^�#;������f��?����h���ȢI���Af�f��Ȓ������&<��N��
�O��J����L�-��h�E�u�%�[j�K�T��O�j���,��}Y�.�e�lS��P�l�B�)�B�R�ER�D�X?��$�D�R�t�Co�~I���4�u���)�`�d�t�F��U1�3i�Q�|����IPc[+�=���曲y�_rS[�#�W��g��tK|<��MmOny��-������t�[36�ݮh|je'#A���h�\���R��i?9&�N��wn����Z�~�v�͒�S.���\-�Xy�Lj
I��<��r�1AC�	�n�+���~�9�1�ql�ړ7�I���"�����O)�E\��!�77 M^�>.��M��I�b�+A�O����O��o��m�L?�y���߽�=8楛_\�)���[�����ށpߺ?���g��-Ȃ{��)k4� �= Se�Z�L���D��8<��J�JF�2Q刲	����H������I���ː� �qƥk%��-E�C`�IzK�e�&ԭf&ORя���f�B�/�f���D�����w\��gn����t�[hZe"���~�0��m�v�]�y�9�96���Zs_(�P~��z��l�l�9�s�kt�.r}!��(k�M��ffK���Zy���� sK%uȎP-�k^Vgփ';6�ap �N�<Ȥ�&IZܟ$}Lj�R8B$���T�`%�\U(�>�mL҃��F5��3�������M4P\G����H�8>�ȃG??����/���n���\�₴�T��6������y�r��:�����6��6����}�̟~�Jk���l�*I�æXX-IIc�BSt<f�	<��־<�"k�����ޗ,��������H��EȪ BP��\qTpFAGǠDDA�g�q�q�\Ƒ���WU���(�޼�=Hߵ�{�ԩs�΂��
��e�CA�K�՘�0N�Cwa�hAi7���z�{��`#���9e9`�{I�5C�d��\�Mh����j�B?Z�[�C��w�#�`��:bmy�םF_�炊Wx��P�+��\����\(���t�^xh7�~�0R>g)x��#W<`��.
 t�(4Da���fd�G3*'�/���ݿNgM�~H�,�%�f2ٳ�C��L\����H�D�;)1ܫP���-*��eN�Z"��ej~�^�>�=�x�J��42g��V�i��I�[
)t�FX۠�*��Ѿ/�Ob^p���9/]��ܷ�1�x~]���{�V�C�1���62���ƫ�m+*�:mZi��|�`ǫ�x�-��*߲2dtje�Θ0_3�bښi��1ӴV[ܶ*�-�U*P�`<	l�U�T���[��{�,�Z�2�ZY��ʙӈ�T�����vW�|�Ra;hM�9�9h��YL��	n"q1�
!8?v��⚃Ӿ��/���Ҹ 8�x�A�R�?~B/��Ĭ�Wa�/`�G����7�PC/|��v���^4mw`9��.�SM�4�%��'���&~�z!�<��h�Sje$y#=��7�(~��z��Y�4�橜����eG�� UE|�͐ EB�h(>�x�� �2��2Ya�q>�pF��[rEJ�X�&yܩ&�;����F$��.�^g�C����xS�?'7�X2jv�&�p�@YmӬ�Q?[V\��~���l���m�<m,:���:�Gl�C�8�����^=c�Jq�U��k��j_A��+/�Y���Rev
���[@����CU�k�;�����Ѓ[�O�U�5�FQ��o�N�{��&c|$x\�����)#eB#lv�N�;~;��a���C�Nq�3&d�_<uڬ��ݴ��,�ɿU�\�5��f��C�����|��["��͛޽~ִ���'�88~ƫ��2�B�;8�������2���l�Ge�\��p�z\dY-�)�/�ߞ��������n]2Ejl�<��0��qw�BjΔ��[��j�~ٛ�٪s��g>y��l�wMٻ�sЪ_�Թv��s�;TP{��ׯ��be��o&������1s�}��,`r�+L�ƒY���z��{��RR�|��7e��_�2p��}S��ȁ�p�[p����H��L��C��O�M���Ӊ�mM�?N|7��X�����Eb@ù3��/��}g��ߺ N�m���.wX��q�6�Ɉ�R/�����&D���h4lFЃ0g0�9@��Sj!��5�?��gw�k���z�^D�22Fΰ2��,v�����
�-��2����h��䁜n����@��פ�D��mV��|a9
��R+��U�i��ޒ�#[[U���j��'��R���0`�����s��g�К|"uÚ���Wm�Y}��D�����謭��Z�ge�R�8VA3��D^b����WѬ�ܚE�o͢��5�I+����$˖���������	O� �go�3���Bc$��[���.�E?������H��!}�($�ω�p�!����F��x	�(?{Ip�f���*��gq�h�6�V����N��ܼ �4fI��Z#��u���0w�A�>�6�L����w�8�]�'�e������О�xݦ�ݨS��tZn���-�E�^5X�0���t�Δ�0Z�"�d}	��TR�W`*�J����i�$��C����Ϭ�ƽ�� ݘqo\(�N [����y}�i<Г~P���P�-����|dlXi`���y=�P��U\)7� S�y ��hU�zf@.��H~\�A\6'����[z�f�����]Li�=ɟ`J/��"��۲����l������Gڈ˸�*ۊl*Z�����~����?���0�KuY3��N�/������ʔ%E�Eڴ��*[#M��O�-����$�I���op"�s?R�\/О��'�a@�/��Ӿ�~1�Gn$o�N���.OI�X/2���<	8�ٞ��\j��/��lZ܋!��,�{~��U�&�7]� ��i;9�e!J������pe���.�~����'�L[4nw�Dܔ�L�o2-1�d�%��X�B��W�@!������^�0�i����%����`��@�Ù��2�/�����g/5���d0�������^�kx\�P��{K�Y��ǘ@���PK��w\��C+`o��'R�̇K�)�P�0�2�����Rk�o.��c8I��x�xDSJ-I���L2=�����=��!���9tqCO�R��$7��c��#��Ҙ�ϑ�Cx\,��"Em�N0�<����Lsf�u�B5�݉�SD�Z؛p��c$�x�ř1U(AB¤͐�,3\iCr�4� 'a]n�gڙ˓�N	����x�^�e�Kq��!R�bH�t$gڙ�%�h���,E�C�|Z?�ɶӚ���	i���!�W���L=�P��S��H�	W�J�]� �3Cqr��Ш,ա4*Cx�C��ɣ}�|<��'\�����Q���<0W������^���#m��짣��1�C���TJW3(������Âˠ�i~�ُ��|�+�|��I{��F�{�2��=��ET��"�K��EG�	���D�i�t�5fg���'9ܘ�;�Ə��c0H��Eff&�Їy�з�����h$�ʈ��^z�lQ�)SN{͌����!Pb �4�f0 ���X�&���T0���p#X�塄5����k������~��U��V�-�r%��a�*Q��U��?��ʕ�����?\��)����U��ʼ㪕�ߪ��9h�����W���6����`��~v��@�����~�&x������+�
���z��
?����l�����+�'�����r�����\����x�^_x��d����m?Iu�%	��BY-r�.�1�M��I���U?�r��&�l�(��k	�V�!��{z �����cS�@��`&�.p���A7�,����p7��6cY�q�$x<~^{�+�u�8�������s��8��P��5��#$6��/a��/d�\�R����
�8������/��d��$����w����tܱ,�/��~�*�#^���rt�!���#�ripz�'"h�rU^A�w?~ƽ'޳R�g�t\	o^���������7�(�ÿI���R���y�������"s��{0�.u�Y��Iއ��w����}�~�̵W  �5�  ��&:�s�/�L����rw�wJ��s�qw�Kӥ$~�k�z�����t=w���qI��F(�-�va"���5��fC���+]�;�v����~�Q4����}����]/L?�eˇ�_`.,�`~Ѿ�_4lʮ)[�ۂO��5c��W��:��<�a>mc/3v�b�K����c�,!�8}	��+�6��ڗˋ3�D ��_惸��-���/�h�>���ઞ�ny���"M�q/i��?�M왶���L� �[�{; ^�bx�@���Bl(���"���&�¦$���V>��]Қ\��(k���V<����>���[���&��{/d7=(^���`�������H�ܺuDsՃ�L���i��;��y���w���]���WLo��{{ŗi�@�|��7m
O�9�������x&N�������{��(u�B��G_16S!|;�鷪�~̓U�#�n��F�~�Fܾ���?}y�l�#���f�vHV�1g*�C9���%�Fa!�G̤VW�����̆��2w��m"��_{�v�/�WBO�����[��S�8=���.ةl$����Y�_�������qǹ��9/'�ț�aAR���!Ӻ����itu�i�8J�j�I@�ا���m,�Չ_�5)���~.��ɘ:'���_��ZKe�t�`SwU�h!����ѥA����������}�����^��-�|�Mh��s�{�q0�� ��↻.ܳ����(���`�_��)���7��e��x�['Ԧ�n�30���4 �h���|Y���/��}�{~ U��'#&�k�_9�yM��5�g�Ѡ4*���q>�Un��K��^�L���(��G�En ����Ev{����P��F�A���uȚɣ;��p�Sw�/}-��-[vǘ�k�e��2�=r�//�4uM]�U�j�29��ԩk'i��z�ZRg�
\'��@�� }�����
'��xj�A<vȥ]���ǴM=W���4�)q>���'�5��3|�;uGU�g']�z2
&޹��[���oږ�Q|��/�8��S<~��_4%"���T�íj������ �.�!'2��\+��)����e���0TS��8���[&�~jh�c񑏷��nn\����6�zh�U���:����5s�n$p&Q3pQ�)'�}��!��5������m��#[~�Μ'�n�-�z�����D�>a>��`	
@Ɂ�͊g}�e�ђC�e�����e������
�Ǯ����#�qct�������Nu�/��lݨ3��XN�e\���;CK��f���JG6��y���k]^�4(��\��w�_|~�-�W͘y�΃>x�ү���\1��@��,w/�a����V @t�W�*U/|G0u� P�i����*F5��IW�L(ۘx��a4�p�	�_'���t��8���;`��y+������v�vd��C�����Z$i?�g�tw~-s��2G!�O�L!�Z�ڔڕ:�:��u������)ΐ�)}/�v�b��B/����9�ޯ_�g�{��/��ս���>��Cj\�
T��'�傝���kVLS,T�U�@aP �K��z�F\8��5<MUV�C挳��
�_�4�oٸ�!V�	.�!��Q��Z�l��_���i��¿j�֩D�m�*`AM�۲%ԃeT�&�	��p(�e��%O�>]�j���=�{*T��*,�a� ˘ �XA����@�b�b�b���B��+��QF�EA��ra%Sً��j ";覚Ƙ��@�����ϔ��^��}�����ԣz|-XG�"W3���\�Q�I#2�7��~ܩ�zOz�?٣v�2�*����J/:w�IB���Qy��"`��C����y�)/�rK���N�;��B
� ���4�)���h�������\�_j��9���^q��[v���y�E��r.h;���ΰ��{^۷~}�+��M����S�������ol{�ȼ��Dݐx8Rw���ڂs�|��C�x�������z酧�d&s��BƽW�1�/B��q2�D;+��x�Z�6�.���\�����~�@m)(P{=>�V�5��b6����B	=vu�A�{!�hV �����T�~�cqE=	X<.]n7l ���a��m��l0������]��!޻���3��ST� �ۄxg[����P-�.s�1;
d�z���;�����Z]����VUE�l,+m�
�b��-3���҂v?��ܞ�Ӯ�7�M�[G������?��Zx�O�n*kx�@�_:�K��TF�8��0��׌���f��y9�ֵ"�9�r�sD�����v��.������R�a"���9����q�������.� �C���yKv�\�d玥����+��;�,~��h�
����\\�u9����>�$(�H(���Po��<����;�e�F�8�ǉf�
Y�f7Fv���~�/ɧ�P���?�C�k�+ى�`��7�<;���j�C�>\��X��a_qDM�z�Z���\���p;p����"R���w���bb���2�|�����SrY=R,�u9{��p<��P �Ɋ$�'7%w%$O&9܏$��>�1k����Y�R�u�o;�-A�C �8?�Qn��x׸T��h�y5O�:3=�['�/�����d�;/W󉕙���������\�ᚷ�RA���6�l`������D_ks_+a�T�Ĝe�G 3��v�(A�$L�.�3-����q����7��
.�[S���A�s�n���XL�����+�Y�Cph�T�%��x�7����������}�G�R�����̺$+3�
���b���mM���41�}TM5��zX�#��s-��Zb�3`|g��8�2��'���������w��A�J�B��e3�̠c�hx�p�W��_�|g���}��nםu[];���^�;�>��Q�H8Ů�xQ���6�^�W��N�42��^լj�rm���;���S�@ V�H	���yT��0��`4z�2UE۫��B��o�>|�:��v�N�����{V�G���h��uKAA��h��.�+y;	Qb�5mi�wtV��W���A�EN'��Ji�AUj�Ɲ����c���������
�2��� (k��b��D���.��X�t��E�K�HQ<�
���\�cԟ�!�՝����m�>c�3���N��X�5�w'�8U��WzbW���o��6XC���'j��Kj2?�CN_b
n�_@ӟԱ*�7^?��eL�W_�EV_�JS7������g���k?��X��֎;Z��3i�����{���z�nFN���a�M��bPC�h^9�g��pm����ǟz����]}������]����T]$Y"�,�v�2c��,�<�X����������C3��NO�)A�+/$��U��S�:��� ��IP;^��p{ymo�׻}a��g��/�������Oz1��CH�TD±7�1e�$�1f��%mf��cQ�P4Q�"IEDo�Yz0'Ӌ>����Xʫt��<tU��M�B��2�	-�-�[v��<P�ە��ds�*��SJ��  ��l��j��x��*��(���:����Mߜ:GԞ�̴2�As�+M���#��ED#���q�:}�F;���$�fT�@�uֆ3c�&ECͿ'<�7�wæ�e�PٸF?�ץ�R|��nàTi��T�b�8����l����c��"����q�'�֔E"%S�S���kf��8�A����6�+�X�EV�(��s_rr�¡(Rg�v�<�P�Jv��2�:l	���_g���_��S���E��͒QMu��Ս<�:f��1_)�1짞S?�`1Ţ	���?eZ���E��[����_$��be�PX��0>`
f!�-��5���w�Q����$1Lߍ��3.��q)�\Z.�qY�K�gL�������$�,�X�S�J��/���Άa<| |4̄I�z��1q$�=�0Qn8O��t7^j�u5�cV�l|9��5/�&h�8�v}�q�p�+c��-�>�L-�\��&z��&Q�Ȳ�����,&���3�]��j�&4�g׭��� F��U��hst�,h��؟��~h����g�+�aE�t���+E��|+���Y9��WDr��d�T��R�c�n��L�Ֆ��S��c8}7����2������]�e�ע�8��r�B�e]�����#\(H=`(�#\�'�ʭI��ḞM��t�r҂��`Aʅxz�ؤ�'Hς�8��Y�<3�L�-ʋ�fʵ�n�N�%��
�"P(`�AF8���\C)?'��n[ы�Ag`�u��<p�h�ּ���w�jC/��)ؘ��o��Y���*D��a��O��g�Z�V�Mc���9Gi~Yf���4��k�
8�bM���Q�xPQU	ԙ@�P�۸��i�(�JP�"x��@��"����ȫz���9�2�cE�����Ia \�Ee�o\[4�lX�m\���3��NqԼG��9!����m�М丅�5�]Q&�:��\ ��`��}�|�PS|��S����C�7���O�Y�+�(��1���)�;m���82交P?��|�x�:��x�Z8ѵ�lx���6"���+0������gΌ>
5�/Y���x4Du�J�:�Ż�y.-�j�o�a��X�Uj�U1h���Q+_/�')W�:io�K�%Q!�G��i)ԙ�)��j�<u*e�	����r����4�)78E<a޴.�
q�7���g�av�Rx���yX��tp�z��1�c�-���}jyw�P(GP.`x�����lv �\�˥���2}�5顾��9��éAZ�r:�
��	����JYI�O^$3�-�������9�!۠���3ͳ�WgwcUCj7c<�%iY�K��T(�:L��J+y�����.����\E�PH�����B�!�d!�=�t�F{�XwW�0�e�ԈItc�L����į�)-6d&L��yGA��I�ul�CrQoL8�Ă� N-�f�F' 32�\n���O�5C�31px裙�ç��kf��&^�4���(zf¿�O�~8=٤
���U3��h�"����ᙙ��HD9�A���V򫱚�����n.�#��s	h_Q���(D�و�Q�� �ll�[�|f,Knro�VIRIn��ҷд�������P���)%��F�e�o����uBPBU��cj��5*S]/Bb���J�s�eOu5&B�R�0֖�}���|'��Պ,S�\��a:�t��,�M~
��}�R�̟��T �55
S�I �i�J�뭂R�[�V�2\��
����v��X����dP6�:���!�=�+r �	h�tF�E6��A0�a?�/���u���UI�[�P�!6�!H�e�O��hI%�Q3�XW<�q� M���d5��PI� �#3�l
U>�N�\��f�2�&5�$�]0���~>Ҁ��vBw����x�ʑ�#Ƨʛ�֣�'{�ҥ9Nr%�"��P,�g����]�?4B^��i%澅J-��C���:��p�c�/]�]l0X-�ð*,c�>�
`r�Q#�cy�`v$������ruXG��|Q�KN7�f� qts��e,#,cf��XFX�2�2������e�e,#,ca�(����]<��y�c��ϰ�|�e�3,#�a���gXF>�2R6ׁ��`�J���Ϊ`\u@uTŨ2�F�aUVQ5"�a/屉�b�	�H8C��O���\��/�(Y����q���dşN\���k���h` \����U�ۗ,_�XB殰��bzs���Hs��@�̲�c��K?s�/�_34�2Qc2����ԯ���Dy�����;�@0�f���wy�|��'ʻ��p{��"a5��/ɳ�)W�	,���G����p�9R�r��/�8Dˏ^V>��Q���е'qz�`�̔�V���=[ˁ�Zy@(阮C�������(g7��/�Q!��&��&���U|	�ǒY?y��&Ugd�b���$n�55UVbf)u�G���m��+�|XG��Y`����R��Z�.��歘:J})Q�/�
q�.��4��`���Bag�B�_ +*�A�������l�9������6��tI�j���&o��HE�F�KJ�j.�D������M�!]����D�>}
�6���.�d��x�k�XBb,'�x%�� ��2J�c�-����?����������󺩳`B�����,]_��j@?��L���W/�J?VwMKE$R�p���'�̦�<!6�7:Pa*�+B�-x����!�!d崷){�ޗT2;u����}�u�Km�+8����>J�ҙJ�J�-c)Ӣ��G�{�{��xG��b���EH2O��ӨX�t#�%���2
ĺ��A���$��$�p�:C�UT4�m����V����"B�w�މ+]H7毡g�!�r�_ǈ���u�����g�2Q�V���Y鮱2Ƙ�x�Ȓ|1�nbF��4� ����O�������?�f�*Z��
V]Fh�6L�І/�@V���/B+�^.=JޥL�ZN��0}�&���H5:SAu��D�s������v��$�/�5%���lI	e%���.	����5�~��{�ҏڌ7�⌼6�'�Jc�Ylc+�����S�BfS��>���R�z�2�_b�@�����a@M� ~��w�{�҆�I�^ Q}�P����U��B!�u��W��F�l����P#CbM�D�&�x�\T6R��F��W0��IOB���%�<NZ$�Qa����^�	ae���� ̯Y,��22�i�v����v���یۍ��dB(Qr!�ܮܥ<�d�t@yV��wHI�F�x� $�q*������K�"�B�K��2^�"jM'��+8 �ÝU���%�޸��5���[5�zJ}8\7��X�y�������aW��=��`�Hb͠�އ^����E"R����5)&�:0χ���A���/�b��&�'"�ĉMM���<a�3X>m��L�A�¾� ���I*�.���tJ��8O�y\q͓1m���\۲-��ǎu8~�32�o7w��r&�;��݌�����WYi��LU�c�@<?�Nkٞ�>�9A�Pw���/�z��ۗL�	���1HcPZ/a>T</�9�͂R)D���J��w�c?q2>h��A�����9}����j��m��6 =��O�YBf���4ʖ�F� 
���r���ri�U�7�
��K�!TMOJ�V�_iD��%�ц
��XP������/~��d���ׂ��Fpa;4�OmG��{���3��V���<Ҙ�ɑZ01ׂ�h*� ��ud��V��*�~���񩯕��55�5'S�Dc�s4f |C����
���WQ!�I�Je��� �+Q��VB�e�Fd���.����GD<BZAž�h%� {���eP���U����b�ۈ"
��I��$�����?�{~ل���6�y4�m�B���/��٩��Fy`����;�@���ƽ`��َ"�����4G�WQx4��f0*�NV��$ R�Y��h淪�Ҡ��$~��������iZ. �	걐*8=�LV{�x$�|���D�{�̠��2����XwHT�`��Ʊ���/UUu�2.�Y�f8��c@�$�+U���SQ�k�MP0(m.�6���-,:B����W�TH��+?�9TK-��9��� N0����]u��1�,��aI�dv��:G#��bݘ�!ޘ���]��KV��zv!9H��~쏉���A&�~/,�aY�Ey�CV�
�}�Խ���{׷BpԘ�o����?��k����\zǨ�^{}I�l�-O��&"v}�m�߸ʶLK�W��S�:�!U���Վ�������54�d�iEy0T��rrߟٕl�v'�X(.f���� ��X�d�|�na��v�;u;�Y9�d_�Yo�^���@����]ñ�:�y^hw�y�q�U�D�Eik�3mJ%�V'&�Z6_���w�Oe�e�ݲC�edS��˦���1Ff>c�3!u����&��9�8
4�4HCvl5x>L�H6db$���ԑ�,���uژ�uw�CWvQ��TK��t?����xoǬ#�N��ѿ���<߳��{����w'��L��į���e�������>�� eX&��B�,dEC̊�a]lKlGho�p�p��-���k>404�p�0�p^ْ�e�՜+WM.��W8.6�`�V�ؒ��ǂj��f�;,v��܏��$�9�;C5lC�/��$����j��f�r
��y�����M��6�D�4[�P�&U�,-�HZ�q�PB�QEwl��F�5���|c�{M�&���4�Jw�S0��w����*��j��hn�@��*=�S"G8h��AP$�зx��.� Ow��:�{���T�q�oI
,MPWܧI�;��<̎v�")^��.9����y;�yZ�d$�����yHH�~�'/^�/oھbنG�	.�e����@���?��6��C�pNj���7t�8g���Uc�͛-L��t��E&�U5鞪x�_|_���%��Sh��ka�,aKD̊�%���4���H�MN��>	fؔ-�ng���������k�5-�Y��Z���jr��q5��έ�U3�aI͆�Ǫ�!2MEB����i�E��z"QK$M*&�9�����V^O�`0.y����H-ԎTLU,P�V�
�Uf 1��.ͷ���%�m�Y��KT��\ܘE��� 	��wl�m0Lq�V���6	H�8ո�?��i_6�"�Td�
�Ul��h��!��K6������˂���k�~�A���\���7����4Ҵڴ�ęz�=�1��()hZ?��/Su�2QԈ
F��� 5]�k	��ye��M�8��mN^1jZFC�?f����KUu�O�=�k����[q�ß���V�f������5�����o�������qkɴHr.�/�g6�vujߴd�S�a}�0I-�w�{T.��2��X�,%A
t��	+d1[,��bW�,�X��*ߒxV�#��|o�p�p����U��>606>>�cv|^rI|E��sժ���E���s�s�f�g%��7�<V�J�� h��T5�� 9�ȡ:kf��z�[��|T"-Y��m0��W�F���%�<	�Wg�
�%�Dt��XtPGbz�Cy/�Q��l����%�W�6��7��M�	�۾�[����Ӕ���7��vS-�ŏ%�����6�x�@�1V{1V�f�HmT�Y��8�ۭWC�������_=bB�A�n)ܟ����GXx��`a�n����h$�,̀�yVU�@�%�?D;.|����K�pc�xع���l��0i,*�?􄭈lڶ�Jx�]KpKw�i�ܟ�Qw(n,{Jw_}��7��Ѝ�9lӂ ��$�O!s�Q�¾$�οſñ�q�q�W�xv�2�c�c|����y�%+�����&'[����5ε�*��_R����]ͱl/�$�j5�6��l�#�|u�R����{��`���7g0N�ⴀ��x��vYx�⒆u�J�@(R�@��&�4��;6�o#Z��l�Fpɰ&�)�"�;�	�0��8���3k Rq�}K�Z��]�G4��Q�MsD�i�����
s��9r�	as�	�'�KS��ʘEb�R]�<�f�B�	����>B��_���#c�9�R�_�FĄk�}[�
[�W�|;4)Pe�L������"�*5{�!m:�\a�ż���j�E߻�7^L�?q��S�(	�d2B���Qh�����tc��xb%RU-���=�@����E�^����j�쎳�u`���Cw`��F�~���Y�S�H7��G�I�7bw�l*r�a6#���7^�����Z-�������n)BET8ڗ��МDD�\W���+��sP_��FCp7��c��F�/��	��9��fĈ�6�b$�\|^�9��f�H|O�#jkFdW���+��� �r(�I|I��{���"�PH@��FA�y3 2��
�]��j�M��vh'j�S,�*�
�����R|��+����_W~x���'�?�z�}E��������?*'����V�x���[�'p�#@�D_�OE�3,S
J'�UN3ʠ�!q�_�wV8��Q�I'�$��Q��w:mEO��tTEQ���J�G���p��D�P��s���j��5���`g��xpd�H�L�
��

�B>����Fnw�U����Nk���M�-���m�m�)b�9=]G\���.�Z��=Ud]Y���*�d�1�@Fiע��Xc�z�����ђev�ĕ�=��Q�К�����'H�-��.�As��!����� �e)��-	�ʨ �{�G[�t#��=�obƸo���joX�6�֍:~�0�t��2A0e삈w�G%�Z�>��t�-��kg���8Jڢ�\��6��gpF�8���̀\w���)(�+�!��o�;+�)?�7�5�"�e��>�M�`����b'��Si=�Ő(�T��D��'Ȃ����PB�E�/nW3j�)�p)�ҩ	���W%OВ�z��$������Κdq|����<j:C��+����ڞZ����R�ʒ�`%�J_�����+�+GV����Vn�D�Be��\��B��[�w7aC���7V�Qܵ��D��\���w/"ZĮK$\Q��g��	w�:M��2��x�."���Ot@eVc�G����v��'�Bo�+�٭G������Myz�+�W��&{}��~��F0"�x3#h;p��Z��j�ۯ��X�G&�����S�~t1�0���'��*CP�r+�l�-4&�x����G܌޽ڽ��LuC���j,�^
�%����s���)uEnO�Ǜ�sc	��5OہB�W��~=
1<��E#KH���)^k����,{X��v���w��<�I�I�	�	�k����1B
G��9�2�$�"�k�Ƌ�`Ç�����4-@*�P1�MF��J=I�'��7x}��Gn(F�d��i��I�E	`ģl?��ZM�4�eL���������`������Kބ�?�ƾ�^zY��5q�[������{0�b��VCwf�(�J�]B�&k�������Q�c4�x����c"f,}$"=�Ry��9���c@R��E��h�JiQE#*e$����(Z�tY��B��B:�!ͫx'r���K�1����`��\���z�&2�E0�
|5�Gq
y�q$7�3��<ZcK���Ǯ��X�������#�"��
�����)S�V�B�[���}��M���)T�Q�)�4UJ���n���b��
J�%�z�e�Wp�1���E�N�w!��=ɞeY'fI:��c���=��˙r2Rb4��E4&m,FU����i	�M$<Ñ����O���!�k]9�X�(�� �B�cè�������aT{�ǤJa1���L�ܤq&�{統���e@GCZ�h�p�&��u�<n���G�k�ՉV�wzC�:M3�zrp$R�_l�[.��\Z�q�Kq�
���j6XY���
�WM{l��NT~]���CQ8\�3�gL��0e3����SӖa��A��3N-/�If=�K'��x�Ӹ5��W�L�e
�+�P��eq���/�ZbC���J�{~� ��	~-(�|0��d��>V�e�r�Tn#�r���s\�p��=�GF��Hi���Q�����ʗ�1*�.r�?�a���
�4=�hO��NCZ�j�XKM5cT��$:`LxQ"PH<���`z ��hd�9�$G��U��nEOҏ�	ȿ�΄�8��o�uhq!����u<���-#'H�|�x\�s�*�ޗO����?��R<�QY/�F���W�-���ͧ������;�p�/F�C�� ��f,�,،<(s�@�H[��uR�S���k����j�"��q��=F#���"��u1����ZT˶���.���2vT���rw�Lr;_��!��8VV� �{�K�( `dX=$,�l�q$� ���K�d4mń)��F�A�scc��xf6�0#cHH�t�ȏi*�����%� U.���RdDB�0���F.Ne���ĭX�{���p��\�P��E Q��7e�Blx�}�t��})�/��;�}9�������Ps�w�"%�ȟE߳�R�dc������2�mU,�@�f�f���h�J���;�Yo����L&�����l1�,E,gaY��ZLr]F�u@��gs�ewpw�6s�e��q�d*�|�|7�&�>˱3'3��D W�!Y���uw��4I1W�%g]9��(ݒ�\���ƀ��q�i8�Dv�*����?�RSӋ�:��?��j1���UVy����(#oط�"���u	~�k)�*@.�#��$�*�Q��ƼVxK0-�,w/�>kx��95d�kz�ڗ<6���:|+8S�	�L=k<(����a<����L-P��^%B�@0�K.�
����ej0K82�aG�� (�eeq�ޣ#�U`d�G
~�/:�>w^�=�-]���q5�ۦH�W]�p�s1�!M���T�
��@P���g�@N��ϠDZ$Z�+�N�r��]C��2��pҰY$¦F���<PLG����Љ�)aށ��+[jk�/�35��m�q@�:}��舤&�� ����0����D`���=�a�4��a�����^l �)ꌃ�����8���4"�\�d���B�h��P*��"��b0S��hT2��H H�Ub�^�A���n��Z�JP��E��Z��FP��db� �H��J>R�&��'��$̊�����S*�Hl�� �I��vmI��_���0q��fU0�X���0�ϊ%�OǬ��l,E
��ۍ����^��_��~>:_�`��N0֐C����Ă�`�w'`{��z�U
&X�ws�
|��W�Q�7٢TFP����X�6�0� �K_�A5�u��Ը6ޚx%�L�n<҈�B��]���m��l#Kb�����F����&�Ti+	���[��"��0�uW+��u[��V�����'驙�[{�U2����P��LwR�t���N��ue�r�q��1�EOt%`~�ew����ݴD�4�~%uECF,�^(C�1N�r$��HVK��I��d��I�D��ZH��tHNY/vm��3`�m��yx�:������r�Gh�I.����Q3t��e+]�H�x�{�o7�`��q&�:pÓ;ok�Qݐ��|=��mLD"�UW�e������`�.
�/�}�֫��SJ��7�}7S�
Ō^c4����氽��czWw�t����4�-� �tϘ��t}��ዒ�<�MEX*�JaWx c`��L�9�H��_����|��5>��W��+�,YƯK1���ƁRE��p#d!a� �Wj�c���I$V.�S����u"{L���rJ���}�E��h��"��k8N��g��_r8��H���Ezb�Ç����y��S�u�y�ϥ?⍎�g��F�&���}��E/���6��3y!��� �vx�kYuKQ0�(�%4f�w��%`����0 ��v�*\t�P��pf�,�����uI��.�y`�q�h����9W�1�����������VDl�[.��"���N��2u��<��� �yv_0h2����>K�N����Gp�_%]T��f04�g^U��'i� ���x�z<�av��Plb)��H�X@��0_�@����*e�JntȬ*�q��.�BkP���I!��^�z��?��&��[�x:��N�:U��Ck�b�=J���Z^�2Eq���+�EE%�^��x��+�U�� WBh��(;�ĈX�5hy6�7g�̈�.�\ۉV����� 1)H4iT,c!k��S{��4�@��b̸ѡ۫�:I;\2+\)~N����߽U�0oV]�Q�c�cFU{�GL�Cn;Ü�y���o�Ռ��S/�Gn9��z����u���;s'�4��Ƽȼ	��G0��1 [�nea�(8So_Z(v&��3����h�uZ�a�m���*�A����E����V.��m\("vk<=[���4fIH�A�Oo��K�8]�\y,��LŘ�Ĉ#;8�+�X3���0Ȭ��������f��U�oo�8����Ԥꇷ�b�̚2yV�U�0;շ�K���9w�8���W}��{|���?��>�V���ZP� �+\���*�
��rF�J2�ܡ��ջ!����		AQT8Zu�
UU�N�Ӫ�+�^/'(��r_Y��A���W��r���d�TWD�XН_�'a��at@d�Ő>��6@,RK7���0e��� vӈ�qj7�����H\=5���=�ԕh!c6���Os��Mt����oI�E2x���3�X�z�ַV6NH���u�V����ܢ'��5�7�v�a[�߈�����]��ʃ	���i�\������=�1w��eæ��jw;�5�>}`�O��M��Vj��,�v��Ā�)t^���'�).�=�h)�=���#�EE��J���R��O�o�3d/\�i���s�2�B@��J�X>� b/XvYX�-�,}��b���L{"n�����jn�{j1���))n!̚��Ѭ]x@:St���Ĥ���U$�3D�:���Z�$���e����?>sݹzԊt3���n��_9f����6<��ÓyI
r���c|Fd	��<��JgW�w��y�]fW���ѵI���rw��Q94�=Swp[:�6�ل�R�B�hlm@
��H�X^�\��IvH	s���l �gF��@�@gd��@�\�ȶ��
�x��ga�Ķ�qW��<k�
��׊�[��8:�
Ǽ�_��{��>?f?��I����f�v�2�]Z�"_����F�6��LNp�cJ^V��>�]��B% �ן�#�ٮߥ?�g��@��R*IOҩ3��gLϿ�L�7��)@�M�p����c�vsa)��S8PY�t�Ѫ������o^��u�
�޴f���r�r��A8I(i3�7#%R��N'r���*vբ:sl���k~�y}�8H�ɘ*�Gf��n73΄�l���.��hv9N�b5[�V3t���0�tOs/t�qou?�~�-g��c݌��.��Q<T���CGc|ޠ1�q���>�ӣj���`�3�$�u�w��$�dn�R�i�vJɍ<5�q�����<t�(�z`�G������)�'c��ɘ�yF�2�xy6����U,�F�hL6��<[�M]���2q��NaxK!���2&��y��"�����a��{^j�7.�@C�QZ�l�r����F��D�S,�zj눂�*�vg�Dqǳc��=J|�n���X��OV�Ǣ�{M�2oУ�_zer��m�^X��
m�BX�Izy'��\W�ٻ��=�=�9�=��R��+����ll`�V��xp�yt-��2��c�DXBr� TkR��*<�g�=ȴy�23���C$A���#/��yd�ŷ�
�V�§T����.)�a����E�tM:F|`$����j �ຬL`)����V+�PM ��	����k³�Y�ț�:	d`��)|Igmz�5b�uo�;ޡ��1(��L5"<�ٗ�bv�җKFk��o��	��'��s�菀��Ϗ��P\ʫF��LD�)X�0��zf�
��!>��ke��>vWc2����H�/�M�g�LP��RPhH��*�]�3�]%���N�4�B;� ��T�3�+�9��J䶮O�e�ݒ���"�S2,�bxv�٘�Ѱ��8˅6{V�&�SrNT��"��k�U/ߖ�k}���5V/tD#FAGC�������(�����������43�FI-�eْ|ˇ����el���m��$�p%���@N��9��.w�Bv!o�1$�Z����ac���?/��̴��y����>@sǭwߝ�w�"�c���9�LGFw��^�vm���GH�C�'H}� E�}���)�].�JMw9N'M94E3*Paڃ�=��h��a�.c�)ʤ]�\������>�>�>�#����w; ��v1�5h0 ���Xh��� �	2Au��Ȕ�+=H�gAt�gA�5���T��;�ob@u�������B��J�ˬ����4���8��g����nkj�W.l����/��#<�:I�t��nA��\P��!_(�a��i�;ӡX<���tn�\��bڥ�S�\�����R竆�=�X�!mΒ�����DZ|ђ=0�vn@٧�����VI�V#�^6����>3@�9�m{l��YK��
���ls��z�N���]�c\���\��N��^�P�\7�c�0��NG���5�=��o�i8��c�}�C�����VQ��瘊ج�R����Eb2fHI�k������T��ly�=n���v������"k|�-{.Y����/ؒ��1z��ߚݹ�9eZ{��}�����_4{�j�:)�Vu�dZ�pC������9b�с9�X�{߾t�y3��z�mfGS�6(w ���������d�Y���'���_�1:*L�~	xX3b.�D7kA�h����/Yo���ⴻqJ���@\���e3q��<"l���hw����1b���xl�1��T�r��A��p�#Dd�BO��W(�D����ڏ���w�d�f=ԋܾ��^{�kK6�sן����O�w/}����q��N�,�;�!k�E#��>;�Ҿu�-�E���ȑ��F����ά���N���L��U�D�q�3�7d�~�d�pD��c��^ݎ�̄�B&X�>��j~ɤ3�Y_�:c�:�l0������޿&\��Θ�#�,��[���+�K���3�#o�c����оo=ۓ[h��W6i�C�6,-������`MpT�UD��]6��^��Ɔ�J+r9\.��`\k��
��`@���6~���V�>#8bF\��o�ybR�=��lM��u�S��GHP�XU�$�@�A�6�/ՓSC�	��n��7?����`j�Q��ڰ趖�e篡�1���U^���M���wݷy�r�#'���b�[�_������^/����gQH��zK�Ŷ�p-������[���&�L��:����Ҽ<m�N��络V��i���n��mO�~f{��ښ�ol��4�v�iGy+�h����� �4ȖћR6��H3Υ�"���j��ܤ��(;�ꀎ�V���~@/��2Q
�X���}���^��Ndݱq3tl�VC��j�Dñ1k��Q��z�՞�l&�t�y�U��qT!t	z�Y��	� �|���_o��򡞅�iǕ��;��s�7Y���g/HV��O��ͯ����}W��	��~rYӝ`���~��Qf�+�ԋ���cIX�F���bz�lw�^�6�IPOY܎x
#zA�a�I۟ݞ���`8�N��,�qЩ�N�rA�({�	�!�� �s;\rzOZ��Ci:�6X9���,h�Fc���VC�a������3���S�:�`�r�g�6� ����d`�����c�%��mǃq'b���Bkmp���^Rg7�R�ڗ_��s��o��]>�U��y�#w�3��y��V(��~��ǔ���=�F\s�_�Yf�`��_y���2Sw�({:���t�� ����-�����3z�)�7p1I	]����E{[ .����z4R��i��^d?Hٻl3p��ػ���	�1(#��lX�?��0�E�/G�*������:���h�h+tW��Y�H�$�A��j3�܀}�!\�P ���V�6�z��X��k�
#C�qDuT9��&F�d�2��#�$�yH�v,
�l��('���T�Lo����.��o�n�q�o�ý{���}�e`���~&����E�w�[�f���fx�n{�mM(������ ��� >66v�D�'"÷�EQ��`%�3���V"Ͼ��,$�g�8�Tל<�ZS�Lӧ<V�����@���ʉ'�Z��Ǒ�� ��64�B�D��pJ/���*V�UX%j/4�cRL�t52!O��L�W'���'����6� �=���+��rZ0ٽ�g�Zo�]��q@�ʰ<�O��Ţv&O��� ~k��6�\G��u�r���ۻ�t�ۭ!�����&�|�Du@���B
@u���*X��Z�n�͊l2��ֺ�]dsyJ�"�e���z�U���6������� �!�@��J4mЦ�ԅ���h��r8\eN�B��#5;��f'l���s�ؒ��CV��w�q�rP@�6�6,F�T����q���7���5�p.t{�q�{aJQ��#�6A����L|�Tԧ�d#m�,/�yH�!R8��O��0��]=5�I��$I1N0j��N��xh�w��{�����93s�j��W\h�]=8��R;Gyz���#�?Vy��Rz��7�PI�I�KR�2�i�y���j��k���v`�cO�:��	Nv�#���kb/��ԓ�t��u?�f�=�;������:m]��&~3�ų�q���_���;�x����u��?�>�8���\�;[��n�ݥ��z�E�4���K!Ŗ��^o�� Hms�6Hv���y#4��^�N"��m�����c�+*|��8���eH�`�G!���#I��Z3��M,���������o^{���.�_��;�_*��;h���ow����Eʜ{+�T�P^Iޱ|�=�T��'�H=C�Ykr��?��H�1G���q�s�tQ- �s5g+A����Ti6�JZ�V����k#��#�����&U�h*e�%�/*oj~U�@����J
)=2���>��Y"ݮ�X�y�>/�E!e�eCH�㒩i�ڒ�xX������P:Jյ��8���n� �e�Z�E��5���2�e�!
y�g�����<3���5�Ȑ��	R2�LZ�*{�58����h����AQ`��)�C���鞣݆��*L�˦�42<��ݣ�Z��|��Թ]a�?��q�yM�n1���[�����E3{�j]���/��|	:�Q9OyF���>�K��E��`SOJl_��u����,��u$��4$�3�[T;�S̨^*�[m�[�4�$���i�꭯��uh	�</�cӣ�����W�R�̋mof�h� ��6M*��T�͕�,� @�,hE�/x�`E��,��t�X�
!�-���k*�Br^��	koЇ�r���g�,������E�*����`m�� 0�r�\CjPvh�>����#���3�Qi�C��!l�x`�Yo�F)3@��fh��A�ħ���4>��ʝ����Ѧ�5r�Ϧ`La4�cǸ�p�d��x5?��jq��� a0��Vk���ڵ�l�;��9O��^����uv�����������Wvԭ��ӣ��t����s[.�	oU���'I�s;}Ӧx?L_���/w�kmX�\^�F���(�.���	ҙ�)�IDG�S��#i����0[���3c
+�p08�]X%:E�6�^��-�%���q1���v���l�"���a�����O<���6�>�>A�Y�#u�D�� Wxt���~/�����.q�`��h�(�͡	L��hL�3�1T�C����;���>5�Y�!�Y ֗9ɻp��o=v�s�i��O�k��dU�gt�U3��d��h�������r��$u/#�Z����Al�<�at=��HO�?�N�i�/��:�6y�)Y��g ��snGZ�_4��\�����f����UV�<g���u�-N:��~�Vp�V�%�1N��]���.�#��A�ɤ�;���\�Xq�[[Z*�l.�mm���2gVr��3�ϵf��P�
��X���@K.ҥ�r�>�n������������<�ͅZ�]��gZC��v���Fj'�1����iu\UW%%��)��8�IfΠ7��w?fF��&^���/��
����ʸ	�2���2v&A����Jf ��i��
��eZ~
��]K��e���f���Jc����%;�@��%����n� �r�v��9��*�|��|���K�e��z��{Z�6�,�1I�l����fWj���s�,β���4:�e�-��j���Xoi`��I
6�]/�BH����4�M!`�eS^W(�Pԇؐ�ф�i>�r�q�SNl��g�Q+����[����MPnh�״��q�.]��=�'��v=��� ���4ң��yF���!�ڄ�dOi}B�9���G��a�Ij$!|�|M�C�
�H���i(���_]`�=�ݣܓ9�\Y��?����׾���1�V4�:�}p�޹҂��-�l��v겕Bb-�m�tI����kf�Y��OϰC��S���biċЌ��I��dw�'-)Ol�����������E�[�{*���);M���2�$�C2����\�F��V�*���nYlw�)G�r�p���g���(���k=F�
�Er�(��d��8��i�L���Q�+qǲk�����$um������s���w"�u�����k*��Bzߥ3F����77#�qf�����_ck�>U.c�#��8�����@��Wx���v�����+����bi]������Q�c�8��KrW�Ӆ��	 ������!�����u^����T���x��B��fk��\��p�G9E��p�ȱ�l�!�K����b�lT[��2��u�����d-�v���r� ��+��Y�u�i�d���ʞuJ���=�V���M��΍�s$f��S���(�����C����~}i7(^vB�S>Y�}f��Z9�}�]A����u>�,�]�w����3�ϟyK��7�o�^���2�&�M�gz�6���]�t|�����~�w3O?I�y�^W����hkjz����n\vU�d��d�,gW׬�j7bVq��C���i�.�9_2�>A�'���Q��
�.Ò@�o��3#���Z�BR��a��2+4	��d�n��3���>����4���DC�TW��Y8(u-g/1���%K���9>�4��/`�1Y3�9>7�iP�Nke�ڍB@��~%�hBH2Y�g�9�ȹ��a^zGB��Jk�/�btES{VOQu\��2|��,�f���s��9��i�ë�+@Z��}0��8O��DF�Q5���&ס��/#}׊y�vRg���ռ��)[�b�Ep'�D�����>�Et]S�z���H�⡞�6���4?�8|�hll��ϸ�Pyx�d���W�\��N��X��Ҟ�K�l���K4Tz�5.��4{��L�s<�����m�D��V������inH��Yְ�m��5��͎��]5g���<e5��⮻����^?������ms���p^����^��%��2�������@��雽Ӯ�m�=��;��qm'�}��'�G�"�@}U��ѻ�KC���9�%7;w9u:M��b2sg�:��&e$Yef��C���(kj��h������P4Bq���#����Q�Ldw������b���!�7U��-�?�����_M�"wJ�E��H2f�;�<�_�]_{s���=����ҷ�}�W\�=���+�o�EG��;�Y��;.H�/oY�������5�P��׿v��a�CJ@|��z�{��E��@&�H%P{�c�CV���T}}��u�|^�C	c�'�Io��r=�����P�(`�#mB��(�#$��N��R!6�V�gbi�u2�m7�5\�j�1l��E�����@q_q�I�Q1C���0&���>dq� =D nm8���ϵ9�!Of�L6ZsG�qS�B06��
���g��U�����(����紵FS��V%Zw!���]�?Y��\|�\I�uթ�vKR���Q��E����Y��tԇ�!��ѻ�
پ�蟚il��:�0��(O������[���1�[����d!�,��Q7�hs�=�Qw���;"B��*�Q!'��x��J"��?�#�a����Qw�=�ƣ�(@��(�n��zV�@�g�g_��F.G[:�W�W�K������-�e���9J���X�5��즿��|��/Z��2ޞ��]�B_��������ƭ��B���?~��N0���Ư��$�HK+�2�.��Y�¯0�¼9|�yW������%]��^6����gKe��_�#Y65-��);���NQ�L� ��b4M��Y��Hs�ɇr�r0���S���YiXE�W���/�����B�3�)�V�s���7�1M3���c�'���>����&�5��a��j�1����֏�}���Y�Q�6�����@5�6rl�"��ѡӔ&� Rz�1w[|�Y���K�g<k�ߺpV�ŕ���l�3�,��:yf󊛅�J����y�G�/�iYBJ�g�r�c�uX��Ϻa��v��r��l*KP7(�J��F��_D߲e>�.;�>�dv�: ;v9^p�����Z�A0�j�P2�&K���3�E��X"kՀh�J��0=="ҷ#1�$a�J���y=�G-�>S��Z��`��:� ���P|�NX>ĝC������2�PBk��&ϸ��e�g�@mj���%�|������ʓ���/>��i헚�\�m����L?��>5�b�o��~&�\�('?�bݜ�y{�@� �G:��=yfw�i�~�zP;�����A�5v\."��ph��EXA'8/8m���|P&kH�,:\�n�.5�.��b�* ���5A%V& �ߗ؟`|���2q�}&�D\j����w_ȥ��UaL@���q5q�}��"��}��uJDL��f��4e�߉+�3V��������髯�-Is��ډ^��9>}��2N^���+�q�	�6M�w~/~0�$�	�`�[�n�M&h2yB�EI��=^�$�D��9c0��z�^�Gr��Z֩ղ84!xhoLbE�[�s�t9�A�G8�N����]���������a�)a�/0b�_4<4�Ńh�?�UD��l�z� eFڠ9����{�q��^&��6tyi$׌z�>�ֺ�Ȫ�z�K<�63��"ۢŲi�{��ݎt�̒�8)���v#Hē�����_��x�� ݀!{)G4\t#�pQ6jB�>\h��{�.�/)q'3��ȁ�����c��� ��H���au$Cs����e�$V�#G���1$Q\,"ʂZD<�@���?]&k�?�}�����lt�5�Gʟny��z.�p���s�ޠ<y��i;�E�M�^��݇��������snx��=ǆ��ÿo{��]ON̢�o����,}�㑹<��1��S�lR<�.�YJ��M�Ƹ��h$N\I*B�.6B2o�8|�O�İ���B6$���8@��8�o���V�A�n�n_��:�HE���	�� ح\�rvA�?V�"��#5A���p�E��l1I�kK-K3�g�sg�׽�1ڼ,,�[��V��r��+{$I���U�E�k�[j�n�f��O����j�QD�:ꕃT^�`rnF�|��V�p��zS�?{ά�ENH@��e���dR)�����:X	#q�C,qmEe�=0a�k�� ��>���ݠ H�z�/���~�/L�7 ux���).<:�����ը���Z����GxC���D���ħM���N�/]���h7FG;VL�p�¯u\o�6���~�M�j;����NM��Ȉ𶷃ǯ���жI���%�W������d<"Ov�]���A��;꽱x��K � ӏ�BU �+(X��kyc���j�e�'M����M�K�5��^'@��Nй5�$]������Ż�ߢ��[�1�� ]|�U�O��V
�U��|ևgW�������C��?z���n�5\~u�%�ӣj����k*�����Y5�&]/�ήK-�vK���C^�6�r�xz���<���g�P?�MH��+N]�(��G�
�J{�<�cu�~}��9���rjǦ~IZu	=r%�	X�\Fx3X䞗:���t�`�tz�ڔe�"�	y҂��q�B��Ti�R�ܠʕ",E̥"&�3�H��c�tmm�C%̍�*$� OX�}nr��q�*V6R�UHਬ2V�.qf�.q�ʪ8���bׄ �_���<�-&<��}�I�[~��Ɣ/�@����#?[?o�r�ʅ�&%T4�?Ӱ���%�M�[��ߋ���g�I��u`�R$�	�Ȕ�T2p�K�rB��ت׹�~�]��n3�yC-e���s�`�� �Ѐc�c��v�z�ɨ�_�𶱼�,8��Ź3$�N��$���$q���A����%��s���=�_q�
2b�-C`���T�Md�5�L>�#�n^t�A�E.N�'��%Y�R��F�Ii�ኦf^Ҽ�y#�(eI�l� Z�"@��GË���ϧ/78m����z1�h��Jb��k�[���<�	��������Q�`�Q� �����P��U����A��t:�	{$�O ����U"!J���̴�x)�$��&�O�شn�O��Ԓ6�3������;o��kB����v�Y1̱'��Y��k}N��p�	g�4/F���A,�db������f�l�Oo n�g��g��}u�����t��7�}.M�.��G�
y@�"� ���u��)ʉ$�W��_�dЛ��N��p�>9����E�Om��*��ȝ���w��O<��s�F�^�&tEm#s�p~���u�u��wJ
od>�� 8�X�a��(N���`��rÆrJ�>�k	�s�<%��q-�)`�@�OSۨ=�!�e��c��s�2�?�=�h�[�nD~+@��fmm�LF�3S(I�&\/3�M�!������3�-����E;�h�F� �@����3�OD��`/��~�\�T�S���<�ď~��9(�q��9��R�P��҇��"T�/���s��̾P�jXF��I6�c�$�]W8R����Ry6R1G�.��$�3v����,��A�;vO���s>��+	���^�\����r��:��'�/J/dMX���d���hLn4:� �����.OI �ә %���x�a4b;�htS< i��7�p#�����'�yR$�̔���_�?�?�ge�w���`L>��Ւnw���ݜ��t�D0���K��q���n�,����`�D�6��쵘�q�N�Qý��
i϶g�;�; �߼�����7~1�hQ�iQk��b������E�~�?)����P~b ���#H+u/|�(�-��ɯ� ME1:�~�I���z�1��J4&�bt�HX���Z��{���A�S�}T���x�y������G�״��>��������Я��D�I�ո��~�M�81�e�M_���4�о����0��Qf6`�"I�F$���@��L��(p��#���ĹZ�1Wk0��ĉY����$�6�xSK��@�8�D��Fp�SE��A�	)���I!��o��5��G?��:���C�a�����/����#�^+iz`n��Un�>�#ZV���ؼ|%4�'?��"���[�Q� �Gh�e$��d�Y���N�x���[�j(:�a��S;7Ҵ�;N�}�>B�t�t�t�t�{*>�N�I2d���v�=Ռi���H��ߚՒϴэ�g`�`�K1IL���nb����vt�@	�'��g�o�"�3��Z0X��#�3&�H��yB���uxzk��+ufk��3"Ŋf�`��:o6�|���4mv`w��A8���N���px'�������������6v�b�ZF�=��򔍳A�W��~'kjC�S���Df�֜J�-�DR���٘��F���ӤzD�]忕C��/�S�`�'��U��Ҍ�����C当'A� ��iv�H����`�V��CD��GGc���������#/i�hL��YNwi�nкĶl���3t�}�^վ�{k�y��@����gUz��Z���c��&ul����@ϣ/h�nLen�F���z�O.� ��E������Z9�$���t��N�.��t�ф�+��lu��֦r��k���7�~'�a�C��n��q������X�}�S7���-��RG7h���fko���^L�م"������[ ,�R�B����pW"�|��jt��o	�e�`�a��g�]�.�kFS�Y�I�)'g眒��;c�e�N+|�F;"W�֒Yg�2���聿�=�����{�@�<fa߆�m�������*�V���e�,����)�}{�`_���`la���oHŒLZ__X�w!\�p�w�z�Gp6 Cj:j)wbD��E�'����H,���"�Lt�<B28��3�"�����jǠڌ��:$5���c��T�ػ�o�����A��Tmj�Ǜ9k�g�(<͞fP�<2��ʌ�|-��M�>�V15��.�'�u]8�49�1A:�n7�!IC������T���+���:i`q9�;}��O�X6�gY�~���8ږj��ɕ��ִ�C_2�).�K_��ʁ�R\�@k?�?WF$_hg�կ,��g�t̔W��r�'=HzILi�t�����j鹱��/7�+����C	�i�k�)����c���W}U.�/�M��7����X��Z�sd#ںT��E4:�ޘ��]9D�<�R(��pw�?���q�$���E���}� ���M���cR�/��;4�G�����adc�������
lMN]�>�����I'?GfV�	?�H�E�槌WY$���Sǔz�??:�'����t��_~lA���%n�����!�$�������G֯������5�b�����߭������1�7��h5<"�J�)�*3i|����2N�e<덈^U+�K^�-ZD[T��CX��-%�:D}����MC�%�5�zCp��K�r�: ߒ%/�,�t4,����{t8�-�'�DAk�h_Ү�w�=��i�M�����ff�����X���}	�м�fX ^�3�+�wW��x��XfH���Ɋ�yG�`�HO2xQQ4H�*�F�/�����k�Ϫ[t�+�)'�2E��] �.%�	����R�U��\i���$y v�*I�y����nA~Wi��4c�Mx��G�H����`�~�����]����1)����L���Cn��� �G.X,�C˕2-�r�=4���]B���\�+�w��?�o��͋YQ͢O< �р��T)�7$4n��x��0���>�~�͸	G��������f`m�on�ּ��h͘��}��0�h�f4�|L��6b���8;�L�Gc}m܉�+GI�[f���g�Zc)�t�z
��zѾgKb���6?ϥ����W}.���5�r�k����b~њ��������~�Y"Ep���1al2�:nzW)�/��!�u�7{܉P��Y�������Π�u�<N��#�Zb�e��CN��>������I�/FX�N��bA�h��q�2r�Iǘ���n��O�DRY>��àc�|C��ա[B���C��$�v��y-��� �|,$2�Sv�JN��N�պO�Cf��[��Ol�H�L:O��RJ��T&V`Ud���8L�њI]��ԅ�I]�+�Lj�V�"��7f2*���&F֘Z�1tfF�(�̄::�zqd2H�
t��T���@1�Q�b���F;Aڸ ^^N��M#D����8o��]s�����zE,���b�����Y��K{��/��{cK�9��=�4xA958mPw.L�T�-�,ǩS�C�7��/���CԚ�S"υf�,_��油��(6�"輇$�SMW��!M(��������wX(��K�$��hZ��me+�sq����Q�gv�yz��+-袌����ђɡ%�DKTDK�Gg+1�S�%��B!�M���D�b���C�!��>S�Q��'�=C*�#�)'����$��No�T>�^�=����"O����n^�n�@a>|ZY���-[��6��֯��3��5����Pqj��&�E��������+\w�{�{��Я���I`r�E j FHx04���@x���tA��֋v�#
bP'FD�@��&�?�[����y��ל��~�fݖ�#��3��~��zh������{�,�c��*%}_����K��1Y6
�f'�	��##![)	}Ҥ�<:ĝRE�d~�{���$ek���Z~����@�z<F6���(2? �T�O�D�u��ڔϴ(���ɢ�\VV>h.�+���?�3$�u��S�U���pɩ�pl�۝-�#��࢙�4U�b"�d��_�!��E&Vcxk[��q�i��x�^#P�Hosװ���eL��lz�'� �@`��ea�D'З3d���X|&Ҍ���\<��f�!�
=��ӗ�_��)u��+��d���Hyjfu��j^WK!�
�nHS�
~�_)RCR9�j�Z���
�VݢO>�ꔤ����p�7���?,-K�Eޙ�y�r����݌�.�y^cp�N�6�^60L�g�4�����}!���A[�ϻc���ѿ����!�?��h���uG�P����N+S��DѤ .3��%���TN�M�ؖ�oF�V[Y1����������z.,�(⚡�2���, 5B}�Z��u��K�Z��;�����hg;�eԸ��4þ�m�w|�:/����ٽȒed�ɉ3f�sP1u�B������8�`dǻH��6��� �G"���\"�`"���c�Cp����WIB��Q��:w�[��-ٻ.�U�����'N��7�d��=B������z���f�I�Y�j�>�9��G:��Y2�%��T���V�\tq��F�n����iL�>���Mq_*��ױ�KX��1u�׬m���E�G91��줨
���d}� ]/;)q�h�p��䮋����3��r�kA^Cs�ԁ��m�-C�*V/q����l9�q�ب����zl��Z����ͤBs`<=U�L Pi�G=۸bm�bQ�o��ޅ�������{���廟�����Ʀ+�y3��N��`v��Ye�����<��WA`!�0�[��?�����ze'�`�3�lP������
�-�-WO񘁜��S�.!�Ġh5q1$:E�h��ۥ���,G�1�f�v8�7r(�r����A0��A���O k�<ߖؓ` ��s�/é癔J�ML66��a8d8b���y6���r����xډ.&�h�Jj�R��N�)��w�EqÞ��WsM��b2��ؑ�����BJR޻�:�c��+�2�܊ѷ�-֭��0.]m�}qE��,#�ᚿ�RǕ��O���F��<rz��8Aɣ��j�!f��uF�`H�A*����������i��˕�A��VCmiT��Fv;����*+�|�]����n�}t��Gܴ�4�.?::���Uj�;C�2S�w2#�t�\֌#Y�G�Py͔��D��!��i����=U�:[.�b�ɖ���~Q� I���/�]��pQ'I���M�2�ɒ��XK�{�\�h��Ӌb9nъOu��Bf�GU�H�P�XH��B6�7�x��P�pR�2P�X�^a���hDs"N��ؘ�sxLZS7�IU��\&Ӆ��",��"6E�����E�Z�(�D�{�cEM���1E�K�K���t��#t!���8�X#���rOd,������DT��[��Zӌ�L��02	�I��y�IpTuO6��d���9F,��Kt�0kU~��RT��3�7�quw�R2x�^�k�R�^(Ţ��":d���l�,ͭ��ڑ��k�}�%o���d=~�x��v)V�=���kXY5���%��c��V�J��|n77��߭�Cm�� �&��ml����9�xP7"_[_��o��ӫ��S�n+~��5��g=�������k�Ks[�/�~��Ey�kqV#*_DrOQ�e�k���G���\$�ryK7
��0*�+/Z��f��D�Y�Sq�_�t����>�nީ	�q0ٌ� r�bd/��D�Md�#rE!rK�qY�8ml�Ȃ:���=�����1<[qd(��R>��;�h��83����D�ࢆ������Ԃ"�4����٭hZR�E�l�ܒ
�.��M����*�����wB�w,P�C�u�p��EՇ<��nv��@� Ŏ��r��܄�h���U@W��K�$o�ƺ��L�^�x1=�#"z�`4�N;�-��A�>whN�a(�il�� :��f��3c����
���ʹ{�f�ћ�3o�~�{�f�V�0��S����8fA��ɑLڣ:bu�m�C�Þ#ve������>��<}E��4��D��F�q'�&B S>Dfڦ��9v��t:s2�u���7>�R�\-XC�s�=q^�Y�˅l�֖T��G51�ħo��='�]�������d$��Ά�3�Y��R���*����E��r�e7��)��!`NBj.��N!N�������uN���1��א�ċ/6�-l�b�h�{<���8��84&1d��#aف)�d1��E�'r@���ŘZ\����!.��gHM���,,����wh6��t��A�i�LY�Y� ^M_^�7���b>�����RJ�Qk��e_!��9�|�� �7���V�:�uƟ�/�^��x
AZ�vq��2���d\o����Z���F�o6�c��M�M����&v�	�䖲	��RȀ�,k�$�w4P3R�c�e|[�-M{j��Ԉ��!=}����e��Cvghd��gj	��86!k�q�&�@4N80;c[�`�D56Rkb���|����ɏ_x�c;\�"��]���,n�����7_U��W�O��h��W~KS��� �7�D*�����T
�e��X�'�?{i����n����:pF����b��x胉 H���'�BM�L��A�kw8��x����8Kd�vKW*�t>��]�lp8����]^����̎���'��^��qc���&ޜf�����ٗϰ�7��fEgD�/[%���c.�"����R��0HZyh�DU/: ���V!�!��-j�mm��&05,CL����8�X����خf4�b�Q��Y��W�m}��W6�yxCkrђ+�]H�4����^���7!T�I�j����k"s-��V���Z���k�٭����&R�"Ga4��=$j���߲s�4�{��!����S�lΒ�8�8��_��tx���S�K"b�I�K�x�x�Q�_	@lB8��0,;>֎i!�����Z��cRIK�Lc���z����b3ǉN�Pg0C�Y0��6�^��2s�#��f�l�f1�����,$9#��Ң>�< ��b��"(�}�b�H��#)֎�ؗ���������٤��t<x����$�'���[!�=�.�!5 �K����dwq,:��I0��+K���T�>熵7�+`�P2�8Н�*��Ժu���ӡ|�i���OF}�������k�n}f.�����􁎙,MI���\�Nu���j����>�j+Q>��*�������bo)��?���7�ӳ3𼕽���N2���m&;�t�L� Wv�B(jU�@�	�R<���X[!�$���� ��&�M�$�k5w�Z8��%5w5�A���H����;84<h#��j�1u�j�Ct�<��:[�V�H�:V^{�C[v��������e\�~Vy��%7�>s�7����п�
��x�B�y��J����s��_���i{E�I}����`c�k8��Nj�@x
�w�(�9虊��	�P���t�Q�q8wu�UH����\��6�Ngp鼆�w#��	ux1Kn����qO���������Ւ<�Z���㝃�@����v�	q)�B��[�.
�yJC�\]*�L�>��H�"m%K��e�M�����N۱�a.4t4�٪��rhp��|�l���1%a���(I抎��v���p&0~�BW��a�goRؖ�r�d<��m$Lo>1���l^G�>n{C�� .�f`�W��x�w7k�1���XË3���mh���H��yQS�1�L&ɳ)M).�]�)4�zvع���1N,�,�k��A}��-x���]hM��f-���n.�%`J��M�A"�r+dH5C0�p����F0���::�o�C�|�)8�MS �j���NxB��
�L��xt�/�*lkR9�3���\�]��"_�2X�|��xӵ�W4a~���`�$M[
W�$�����Z�����E���C���r�a���6�/����Pk`�l�}0��$��X<ky\����:цܢ�2Za>�L�������ú%FpE��� p���I>E=d>��M��ٶl�f��:t0l��	��m�yN6�-ِ�d�qv�l8�i�~��?m8�i���?m���_�_���F���e�ٮ�2��+�s���~$�W��w�g�M���R�Bx�}lO�La5�
Ť�P���Бڞ���L��&#��Y��dVvj�	��7�����LMq�z��n���Q��8����35�چq�wݲ���ة�[bbS_�E�O��whʁ�`s���WW��}��5"��ز
�{��k����T\G�cA���݁�;�� ���"��H
�e/��ƍ����w�igc#�"��x� F�fAHuNX#Ǜ ��c���q��.�;��}O���'���?�����`�`;��Z>�B��V��q'� \��`2�F#�6��-�Z�|F�q{��h�퉵�u���m��W��!�:��l�mL'B~>�4}��
Zo���=�d<Tޝ�����_�����k���'s�_�~���6O��i+;��8�Aw�8��R�"k�ORt� �eO@��UfT��K|	�2T������e?�{�F���l����	6��=�A�'z�'�OO�MoP'�|�FGu�
�Z�:�s�p�ڸ3��I3;�>�Kt�-m���X��_(�V��
�{iþ�-��Jc���i��z7�l\O�p��D��Բ���x�_��l��Ki����2��$�����}mpv����_Oɷ�w��S:�ޭ} >�c2�OD��8(c,�2�<0$GBt�y�fX�+�^�	e=' !�ax�CԛK,+��������m�=v ;��Dg��j"Fta�� ��e�e����C�#2XJZ�
gK�(�c��W������#1��c8+�aH��ϧ�+��Je$��h���]b6ި���_��WK�%p�`	Iz���� �_�+;�8;0����PE��G5(u:��IК��C%q��iu�65eތlM_@6mO���2���-~��sl9�$$;Y}O|p���>�������h[fY�q���vy�WbN�����Ի����R��j��3��rS����OiF��h�m6s���I�n3�5��w�����X-3N��_���sz+��9F�����I@~	WD��=ӤR<2؝�H��	Y�K��e�iEJ�޹'F/m���N�s�a�kДG6 @m�"���U�=����n?��)�2��F�4�YS�H���\������z��3�.	0>�H��.�ni�(�o:�I��f���f�G�Nu ۴jc�ju{ݾ:X��z!��8d�&cɐ~֬^���f�ٮ�! �D��z�M�% ���&���I�{֬��b� �x��c&z���"("�ܛ��\V�d�Ͳ٬PPkyѮ���6<=Sa�Ʉ6Χ�����6O�c�zL-E�r�q�GL��%uc$D`�2g�q ��1H�� PO-���^ R�����מ{�ƙ����3������֏t��vc]s��9�o����W��YO0����`n���9���+߽蒁j��Dx�S�6��K���<��9}N���ץh��u�S}u�K��{���������L�;���嗏��쬜�d�8�¢�"sgSH���.�(��=i�qz,Ӳ�[J�>�t��}7p��@�L��QN$(t^�@�R�\2�p56�R�q�F�#+R���^���k�i�hn���h4�O�(��������듁�<�gH-�D�2ժ������5��v؄���vX��bt-�Sk� �hXtI����� ?�M������Ĳ=&i��+��%���˴j�8oɿ^��Zw}=���+[�����Ǜ�m�[���?07SaD��˝w��>~���~O�����{�����S�^�^0Ig*��U"������E�Ͻ�]���N��= 
r �k/���No��pmt��b\�3z�a��]G��z���GA�_��{��8��οË��}t��(Y:����G!��+�H�c�G�۴<ڄ��M��&M�&<�L;e��ƛ�޺dɎ��t;|�����ٛ�v^����{����x��w-����w]�}���X��c���oﺵq׊]ˮ{�qݎ'(R�@9R�^e�(��I(qlZ��~��
Y[�Z{�����S�	Y�L�1�B-���=ЌV'�D�M֦���ZQ>Ek�X�ձh]J�_F�d}�)�S��Պ�IQ6��������h�����U�� �>�����"��"��"��2��h�����U��@��k�K��*����;{:{���Ix�=!�Y���!a	�K���#��KB@"�.��8
��"�����ࠣ�!��+.�
Ją�n�W�4��7�����������nݭn�W��h.�:�8sIW��s9����819K�g<bb�� ]��S���X�=��|ԕO�@L�A�G:	8�A�Aؓx�{�� >��%���|�\J
Pr�^ ���#�1) ��*�LN�!V��됞�8$���B�L!�,Dk��B�ɱ$�L�U8��)8Z��t�g ]N���m�C�uhsʯ����2��Z���
2�o��G��YH�Bz����9N��1����L�,�
�Ig�� �G���^݋�{�(Σ�%	ϑ�&7��=	x&�4��IG�~�x� �a��
h L�щ4z>4 �����4����:"p=`*����8;.0��O�Ą�R�Ā0%���B-�P��4-�0QB�@<M��gO �	tp���Q�5�	0����D�7b�~`��,9� ����<´mnG����v��mnG����v��m>����W���:`D``d � xF7�f��#J�a.�����1	1q��a��9���� Z��2^��3^�v2^���f���¸�]��9BT�	� NM��X�v@�3�]�3���$�d�`	����8�8p$�b�i���<p 8�P�A�㜬b����7��C:���g@�v��������P�#��H�?���9r	�`����&@�=�tD	1rrr0�i����qN������	�H������Ґ�����Ȣ���ʲh��z�tD	1�#��؋��\NB�80��M@؛̀~�/�e@���2�_�ˀ~�/�e@���2�_����`D�=2�G=@�N�tD	��fpdr�x	0,�29��{^샘����?q�0�>��%�tD	1�#���+�1`2�F�A�C��e݀�/d���C�@�&�tD	1�#H��5pv+`O���`2��,mKA�Rж�-mK�ݽ0i#� �!�ܶA(g�0�Tx
��)�ps� ��P��a��y�U,����<6���	H�#]����U '�� �g:�O��p6�X�V����큭,��>+Dz���񁓀��Sx
�*p�y&��|x[��� ga����. �K���_ �9�e��z�j���
@��Ӑ���M��@tA�(�	} �y$Ga$Ga$G�����Ql,�,9�*`)H~q�r����ӑ��y��p���fAZA�"����x�ib3X>����B�^�*I�*�X��g6��z4��,��1��c��1`!Ǌ��J��1���c��2��
�ƀ%6��pH2���ۭ��ga_�b�U�����]�*�����G���b̨bеp.�V�^�Uű	��%�i	X�q6�O	� �<�8Z
���M�.�_���q<��=���<gƃ/�.����M�UHW�NB�i�3��gs`�� �#&�*�d���2�o�2�r���2\�2Ȗ��P� >��c"�gxq�r����ޭ�ܯ2��|�ZZ���G��Q9�r��)`5�N�Z�1Cʙ�8���ǅ4�Rx�	��	$W�.x�U��
е�i����*�x�	�K���g6��ÞD3�[��66"�QElB���"�C��H�@%T?��Iؓ��	vS%X����JX�V�	p,�\	+r�W�J��J�u���r���3gF���%C���y�2�7 �ww%��iъ���!���@ډ�F\�،����Ua婂�[��JU�.> X	;�
֚���W㮯��,۪�����j��@^g&�
^Ś@f�#������"]�7¹�����Y�`�c���|���~�����p����r�� �vVr�w_�:��p<�U$�l�������W��`�V�B�?$, �y8�N�hL���'!�,왃�\�tf&� ��Y="p�����3p�̀���lV���j]��i���T�r�A�K�f����	'����V�vڡԣ�z�V�>e3�}4�G3A�=�ܶ� �.@Ҽ&�D�������a6֫٨k6���̎�|���9h��9��Ais 3j<���A�sA�ǀV�|.���ͅY�z��؃���� g��<94`�o�x6`�o 	ڑv� �o��'�H��d��x p�֊kd�[��C���kdO��l���-�c����������M��w�M+���S�w��<*X�сȽVQ�|X5�V%�G��1����w>�5�ٰGEl����1��7a5n���{����	ߡM��M�e)�l��M�õ4a�4��6A���i�3v�U;r�1O���>@�݁�X	�v\;H�=*��3ف1w����� ��щ^��s+������\?h?h	� �{�Q��mh��Z7����Q3���f\�f�Ռ��q��������X�a��'01	䬂Hr�o�U��
o
B�L}���3Q��6&���I����!�
ZO���F���N�ゎ ��XAG���}AG�U�	ڠ;ɮ�o���E���K��fD���u��A�IB�A�C�1A��n�'A#��#IBD���Ƞ�ł�f#�tI�.t,I��+h;}����@�<���u`[��ZA�I�a-�a�m�-h=n؇t8�N	ZO� ���_�۸!HG�oN�M�����D:J��Fk���zi��^���Fk���zi��^���FG�2v������V:��u]бdVB��a[̂�#���@:�Ǫ�LAC���H����a�;�'}7#�}�{X�`ߏ������b�'R�~Hw�r�U
����tw�~�b����=��4��O[�ПЯ]�z��������
�����g���ł����~<�
r � �I���I������]���D��s i��!�r���d4�'�	i����N�]�\Ο8�Ȑ�G���WlllȺ��e31�"���j��(�Vq�?i%n�)�'�e�W�#F���I�5�|����̀ଅq��Dh[��}2H*�|E0n�Q'�|����]�7��1{*��
�$�J�\������:f_J��#2��a��|�C���E��A�T'J�����
O<fF2(�4�<*#Q�e�D����Qn�������-�����9[��Fx�>Z�Ɍ�i:!~
����`���T虊�>au�˂v���D�I&d ��_+��c^����9J�
c��v�[&��V{`����=ڪ\n,Ώ�*��Z��׎����F'����p���"A���4�Lm]�!�����5�y��E��B����(��<N�"�.7z�J��fW�Ś��1���6߃��ň��X4���%���1�$���Y�,��|ifܓn���1��~�#�ZNw��]V�4Khqp�,���X������`t��f�����o��3�q��"eA���(�#�ˍ��"{��f���]+vk�'��`���?���ړ���q6��k��H�o6fHR��֦�]N��խK\��#�T�3�Xd�k�F��k�Q���Y��ת�k���k\�Y�[��f�iQ<�4�y�F><U�xA�1;]2�� �8�Ƈϟ�z����-�C�4]��4Ш:�>�s�>�b��} IvZF�<F�x�f����7���0�iWZA�G����Ʃ��s�d�Eq����̌Z�A[��b�FXe�b����(�݊��`g�-�W�
��r9-`�Si�e��I5ZAC�M5ی���"{�ū6:!�Fc��h�����,���Vc�bv9�˩py����n�.0��7���귣iF�GA߼ ��5�N�n�x����5�(������0R=�#��z~Ld_���`��:9�q�m�Fe�Oqz�f�Tx��r{\�TQ�����~.8�\�Z�E�f�q�ժ��S,{!�..�ʝ���b�V�i�y��|�d��V|~��q�]v�TX`U�/�Y�r�����m�G�� ͧ�����0�Evs�>���;�,4+v;�Ԯ4��]���sہ�E�ٌ�.����t9Z��i�E��{�ip��0A��Fy��T�Z:xHI<��_��e�k.rf��u!�E���r��iiV<>���n���#G�����"�͐��7#o�'�H>��8��Vx�uY}-��|?�ei��~� ����8$��6Up�>��n�]�h2�P�ju��`���K�B�X��h�H8�]n�(
�F����	F\'.�_�0B��~H����Ӆg%���n.&�8�
+>������x��3@��*��]hr�<|�����\97�&C��|2�c	���q9:�,.P�n��	av+fG�C�����iq�!rRQI�n���z���rk�5|�@�bAI5B��6�lmV�\���\#��C�Ş�PKj0G`��`�]t���1\s`o��b����r1tA�+~�l�0���|�\T.~	9��G�� �_\r^'�_���׸ƣ�%���:ݳ�u���Ԝ�x�GOȥ��`��X��,F*��c�G��v�
^.����Y�e�Q�
*q�s����$�#Rj�A�m5j�#j�xS���(�t�@f$��c�8���+~�Z �v��cxHs�e�AT�/xkA�e�+��^q���\�8nZ��5~8�`|��v��-��ֈqҎ��s�~^ԭ�C�C\~Ͻ���Up����2�!�����D�����#�������k#����
�}�P<ԫ��Ũ9�:i�8��X4��Wb+^z:���
5]p���K��O1抖ɮ��LT;.~�b�e�E����1��K��C�d���]�ǋG�:;��Q�*.��9���^�jm�^�3��3��,�j���;����n����Ыhc�
(�:cG�ښڱ� K��v��>q�5�{.�-(�,>�p�-�ӀςZ;.����6�s�w�%\&�:�������/�6�:�Cf���UJ�;�+���4�ύk�z�E|��Cm]���7������c�C��fq�O�f�</Xaέ|ڕ��t�������}���N6���qʰ��>���,���z.�Q1�h�W��a|�o�D�9����v<�hQ��q������K�z��"V��w����zA-1^��w�;�32%�I(�'m�9B���r�s�����;��oϛ2����������{��]��.��_r��3&`4����w#;��O��/���w�s��r����l͝3�"u�yW��f��]zιܓa�Gۏ�(��]J��愮�뿵�.}��(}�>G���R?Z_�Ͽ��ߘs�w�N�Jj�Rs:9+�ٮ�2<���#�@�Ĝ�*<����"���]�@����ak(�:�'��a$�D�H%"��B��#]HWO���$�� =I/қ�!}I?�H�H2�
�2�"W��p�
���d�4��#�D�ಝI��E�CrI\��(RHF�1d,�JW1�Rxu���/�2W���k�D�M&W�{S��:H�id:����L2��&s�\2��f,CV�Щd>��q�+i��H�����V8�/&W�%���,#�I��� +�*��\G�'7��r���Bn%k�m�v�rYG��]�nr�����G#�z��<@$�C�a�gI6�Gȣ��1�8�B� [ɓ�����7�y��$ϐ]4�<Gv���d�̋�%�w�2y��#�ɫ�� y��N�I� �[�m�y��G���a�/r�|@���1���|B>%����qH�/�W�k�or�|C�%ߑ����� 娝�Hΐ�����+9K��hCc����.�+���hw�@{О��M�о�M�I4���F:��Ёt���C�P:��#h*M��t$���f�L�E�iͥy4��Q����c�Xz%-�Ŵ���qt<�@�h9�����VӉt�L��5t
��ut*�F����Τ��l:�Υ�L��Z�B���ڨJ��&j��.���z���i3m�i+]Dӫ�z]J��崍^KWЕt]M�����t���Lo��ҵ�6z;�����wһ����Gz/����O���� �H��?�Mt3}�>J�B�J���-�	��>I���t�}�>Mw�g�.�,}��������H_����'�����5�:�'}��Iҷ����.}������_�����c�#�1��~J?������%��~M�MO�o��;z������i�N�g�O�g�����Fe�阞��p�"Y�f1,��V�º�x֍ug	��W���������K���3#�R�@6�]A�d��6�c�����X:�$fb,�e�l��rY�g�w�h�m~v%+bŬ���ql<���I�*�w�Y5��&���*Væ�o޲�l��f�z�R6�ӓ�c2k`ffa
��Ffc*��!�3s2s��ü����������-b���l	��-e��r�Ʈe+�J���fױ���F����nf��[�Zv����<�w��miW����:=���qF5�[�6�)?Wc)��m�)#'G��\�8�ǅ�&�I�*/�sË<J�.cQ�jt9��Yk�KͲ���`#dH��"��i\��T�f�O	�kM��i�F_eq��v���ڰSk&j\�=ْhM�5�Gkj4^��L�:��h3r2D�^�1��	��@���5�\�#�^��Y"'�X�%ad�C��)>Y7٦��v�M�(v������{�F����~�ۦ�'7^�ˣX�Q�B�]vp����ӹ<�n��d���bW�����hl=���ڠ���Ԩ��%�,�����D�<>_��:��P��T�(�j�lW�f%���{�����*�t��9s�G���d��([�;h3D[��&�o�m�h�x���ϙ�9S<g���&�
�ٙ���٢�m�h���|���X�A=��'��Z�#���9B�П#���9B�П#���9B�П��v��)ֆ�aړݪ��x�ym�E	C��4aeU�v���h��?s��yT����Z�x�8��n7��]�R��~�����:T;�h���A��;í�RC�!���z���fSdPaQe��i�q��"Y�����W0u~�Sv��>��mS���#�Y�E�E��I&�"�"�"����.����(r�f^d��)���V��0��Ik[T*mq�81O���qZ�S�������L��x��Q2L��%#3�,d���֗5�� �ܧ�-J��MD��JV�kV��U墠�ZS"}��Ve
�3sc��O�v�iQ͢S�,m�I��l����9u
T�I��0e�f�+$@�BEvn̔S�!��rG}��:�Q��h�����4�~Mz�p�/�"�%��B�v�aPg��E��c��Z$#��i��`3�k�aC!�ꤣd��vE�çA��Z�f��hѸ�YTţxUoTK�
��1�bcX�9�+(�Z�K���v�#G�;d�"Q��+�-�g���ho����c� �)������F6��/��r����	�]��>HƎ�^>�9Χ�F��;ɡ�e��B��'9�F�)^�s4��}1���J�%'�����蹊�J����h�Ȭ��&��t5B�d�U]��6ߋ��?B�ו�T�d�[���>G˝N*�N*A'ՠ�	�s�b��������E�h���/p=�ք��5ӝ~�P��v�<6W8��a���`1�a.���xu9Oy�+4��Ј�:"��+K2�6C����m�hsD�+�<�拶H�Ţ-�8�j��,����kzMB�I�5	��Lf��^��kzMB�I�5	��R�
�&�_��,QN�D9���3���?C���3���?C���3���?C���3��L�?S���3��L�_ڬL�?S���3�~Qs�D����3��L�?K������,�?K�5;+K������,�?K������,�?K������l�7[��z��^Q�����l�7[��z���l�7[�������^2�9D���M��]n�-�j��xFt&�8,�
�ŷ�-F��?dl�lm��bIґUD�V�ߡ�=Z�Mк{���M�Q�W��j7�����,��(5�I���#Ҽ���TO�rկ��&K�!=�$/K$��w~E��V��%���]ﭯ��O��y����pļ��->Aj�-��X�z�wͻ�ݟ~����[?�����%C����4�#E������Y�S/���7.PU���r�9�4B�t�S�7��E���o��iV�Ȓ")��Aʕr�z��{���c�M����_/ͺL�P�4�#.�t
~�Θf��!-�?�IFt�o"���������'kz�nռa=+f��\۴z������_��3���檬{[������G��=t�o���۲�y�w�+��&�7��6�rĚ�+n|+⓾�?�=2�Ё�Si��?��їoN��^yG���i<��S��y��>z���j�⿦1�у�_��� e�G�⇅EP�*��%�������u�7��F����S������L"R&�O��KC�^?hU��h��ϙ7������t�z�IWp�RtP�.R���]x�^����s��gcw)���^;�Ȕ�q^*��(%�_�|eв������؆���b���<7�-.uK}/y�{ag�;��ڵON�{��_��\^����I������w'my���7M��-�����z�R�Ȑ�O[U��]��_�|�Շ᫏l\wߜػ>z��m+��;v��C�{��J��/����_�#��Kِy����jWĀ��EQە�A���.�j���ض��k_���YgZ���,���}�%��ڒѧ�<5��!G����̙�}�'�uq�����ޱ>��/�\6o_��U���~�7�^:�5s���'3a�������Go�_�~�Qf0m<�-�1d'��zH��Cd��ip�S<Nc��VL	R7��=���i�����\�hX���SLIR?��=A�0��/��&�K������_O1��/��Ķ̈́��չm�cfp���Ԋ6�r�vm�]�G3�Q��o����ǣ�\����o�M���]v7��>hI|��3�3]!]?��5������e�_/<���5��ݷ?n�i������֤=Z6��oϞۏ���Ȧ����p�Wر�U5������k�6|0��mGW?;w�|S�����7M0�f���X��yG���=��m�#�}��5���8`���k�Os�w>2x���]{޿�����/�}�����w�\}x̐7�~}�i�w���9��J��;w}�������-y����Cu��L����]��؉��S�TZ��m�c	��\��3�b����V�n#R
��Q"iu�@ʓr�g��X%�V��r%4UJ���t�*�{%����XB 37��z�[�=J$Z^�)-;��Bu���̗���&��o�{ĺ�m��$V�r�t���a�ye���?����0d$���ɾ�'��VJC����&�M˾�1o��Ǐ�Iξ^�n�77��豿�E������Cs�<3b���~�ش�s�^���c���γ#����/oH��
�M����h����G_/W�yIU�=��㹗�3r�lm����]�k�4N�7�U�q��r��sw���ﳹ<���&��M9�[�?f���m�i�(1�{v�M���3NT|�L��|�!�6�mp�5k�g����='E<n�8�<��p�����Cz���E��4/ ��u9���]'v]�͵_}�;�g]׼�"�\��O?ݶ�O잦�5k>8�X���/_0/:s�r��#�~���������A��p��O~ή>���2d�=o퐏V�?���^і�U:��ѡ�[*����?~[�����ѷz�r�yk��!�WƝu|<��VN�:m����n�k�̌�ݍ�l�p�cϊ�f������t�a���֎���U�tdm;z�i֎w=��׹��i��?S~�<�X�zs��]���2��/S�n���uG�S�g����'�r��VVS���r�q���b����{/��Ky�Q?Z��3oU]��8�K�O���h���[=ɤ��"�!b}�*�o��Y��ퟤm��RB��g��B�W��ŗԆɸ1YJ4��zk��)�Y,p�Beq������:���ѣ-9W�^��p�ѧ_ʕ�/����R��F�|;�uu��$��aY;��/��c���
z=U���'K��Wn�wyѭw�{���ӓ�/x&�O��_�ve�.��=x���O���nc���>����I������ˢ�<�ػ�q��y������w�����=h����_w�Δ�o~Y�n��nIrm�3��Z���9�m���Ц�F��y�
���]#�5�X�sr�G������)��!I����¸�\��.�	+��nW�.�L������M�	W�b�
',���H��p��|0��
5W�K�F�'ۍ������4��.�S���2U��-��3����'��w9}ޠ:���������M���ͳ��ޱ]��Е�ny�ug��o�?Z8=��9F�����v�ϼ�~������^>lN�z�ኸ���跻����9����7��b�u�Kw(��^�Yk`�5���5�:e�mu��=f�8���⼇D����'����ƻ��j)�����xE9�D,���jM>���g�7�
��Tɔ��4��iT��!,=�oj�E�/:�r�R���<a���b�2/�FV����̊G�կ�R�e�p�O}W��u~v�O{#���ne�w=�]�{�iQ����^9�!cRe����^]8��g
�{��ȩw[z����O�2��yC��6K/�*zv¿諭궛����o*�f��ܴs����׼�Ø�W��?�sߑ�G���5�2���ẘ�c5����]�%�7-~a���n���Y3��9�b����_��=�ti���w[�u�@�񁝧��"}����ռ}�/���>��F��35ujL��w���t�!ٶb�y����ڃ3��~>őrÖ.=V>�o�Fe���vd�M6��G�5?O1�X���M�6��P
�2J����������s>Z��5xG��JM�0��H}:2"Jg��JJy��r���Ҳc���M�u�����]�+�`v�'rH�B�cM���×���Zņ�e������:��e�>�uj����o^�� �şW�����4����O)%?��j��#����fծ�~���Q�����'Om�ϻ�ǿ�y����?�	i�㗌[�����ªy�L�T�����������WM~�6���E�gn���~��W�\Z��W?t/� �[gX�Mm�]6�Z��#7�|�6"N��¢φ�W���t~Iaq;F�L]�E�/�dd���s2r륁��'���u�N���aؼ#�����.\��i)�c���~1�h�ˆù�b��ҭr�G��g^m�<wd��}�<wkO���W�0Go�H�����������3cVN�]~���ɫ�G]��{N�ꖬ)~�Ч&>kl�|������ֱ�U��S붎�����s�06祮�l&�뷖
endstream
endobj
399 0 obj
<</Type /Font
/BaseFont /TimesNewRoman-Bold
/Subtype /TrueType
/FirstChar 32
/LastChar 255
/Widths 400 0 R
/FontDescriptor 401 0 R
/Encoding /WinAnsiEncoding
>>
endobj
400 0 obj
[ 250 333 555 500 500 1000 833 278 333 333 500 570 250 333 250 278 500 500 500 500 500 500 500 500 500 500 333 333 570 570 570 500 930 722 667 722 722 667 611 778 778 389 500 778 667 944 722 778 611 778 722 556 667 722 722 1000 722 722 667 333 278 333 581 500 333 500 556 444 556 444 333 500 556 278 333 556 278 833 556 500 556 556 444 389 333 556 500 722 500 500 444 394 220 394 520 778 500 778 333 500 500 1000 500 500 333 1000 556 333 1000 778 667 778 778 333 333 500 500 350 500 1000 333 1000 389 333 722 778 444 722 250 333 500 500 500 500 220 500 333 747 300 500 570 333 747 333 400 549 300 300 333 567 540 250 333 300 330 500 750 750 750 500 722 722 722 722 722 722 1000 722 667 667 667 667 389 389 389 389 722 722 778 778 778 778 778 570 778 722 722 722 722 722 611 556 500 500 500 500 500 500 722 444 444 444 444 444 278 278 278 278 500 556 500 500 500 500 500 549 500 556 556 556 556 500 556 500 ]
endobj
401 0 obj
<</Type /FontDescriptor
/FontName /TimesNewRoman-Bold
/FontWeight /Bold
/Descent -216
/Ascent 891
/AvgWidth 778
/Flags 32
/FontBBox [-184 -307 1089 1026]
/ItalicAngle 0
/StemV 70
/MissingWidth 778
/CapHeight 662
/FontFile2 398 0 R
>>
endobj
402 0 obj
<</Type /Font
/BaseFont /Helvetica
/Subtype /Type1
/Encoding /WinAnsiEncoding
>>
endobj
403 0 obj
<</Type /Font
/BaseFont /ArialUnicodeMS
/Subtype /Type1
/Encoding /WinAnsiEncoding
>>
endobj
404 0 obj
<</Length 124851
/Filter /FlateDecode
/Length1 192588>>
stream
x��	x\��/Z}���}�3�hF�H����-ɲd�cۀ��ق�� a��Y�  �@0	��"��	�-!�bf�!$!���~�#ن���{������w���>���������ȖI��@���2���W���}D��w[�p�=�_'r,%R����'���H<�Q���mѺ���%���{�>��/�=��;D��<��8j��C�P�D8�Lw�8�ؔ�z˾D��|�!�=J�w�%D?Dd|���kVS����X̧z䉇�tƒ������ի>�7��R�Ϊ��~����A�n��*4��i~�LOn�QǞp��+��-D��#V~��ߚs��\�|{y����Mw�G���'�6�N݌�`|��ˏZ��sN!�'�D������Bʣ�����o�\��#O~ƿO�K#ђ��>w����8�X���}e���|q��cK')ا�#��9�u�������߰|La2�I��q ?�>: k(�Q��}_YL*�U�I�b�X�Wk�&��M��Q�¨(F�h0ZU����>H'|69w�̅Ø=��b�p�lQ3�Žˈ�{�Y"�#s6�MqI�d���V���q)�>�[�b�T:H�%��;_���6���j����Q�6��I(�� Qf���r��(��Lǘ�Pr��
�G�F��楴��Z������Z�#���4�Ѕx�oR/h�cܧ�aM�ӭ�����Oޓ�y��0�˰�.����a�F�7�6�q��	r*S�5Ѩ�˨n��_�[�*��D�Q/�6*�T�n���{	c��z�����2Jp���1w��E��6�'��Q����F(5z_�55,"�ľ���=O�I�ߤ���s�X��m/�i���?��?��J������AGh��&?����,�~��
�a8�"�D�2�8�xM�;�P�����4�V�A��k5]A�(]Я)4�|�^7�i�kYG����,y��N�h<�g~ϛ�6��k�/���{����}���8�5��=�kw��� ��>[�a��X�
�tJ�4^��>����K�d�6���;�O���X&d3Y^�,���V��Q>-�_���q�Qw�t��Ç�_c]�N|����#���ߣ��i�{�n�~5ό8I9�~�r4�Y&�&ʷ�#�
�+�91���W�/���^�ZY'>��d����{�����j[�3�z/�wp����va}�9�ՏH[��g��öz�>������gB��&�I^l�/h܅�SL!��P�ޏC��T?���3xx��g�p9]��M~�{�Y��J}%�3�p̷	�|��]��J�3J���0�5�1�/6�)�����Z&q��c�ζ�_)ʟ���<�k|��0<C���2�':QR�5��PNG)[Zŕ�#ĸyoҠ7�@9�0Hӌ�йM4���;���M}4��CZ#6	���(��ё��8�XK��Ʌ�G�z�5um�d�_ti���ׯԏ��g�;Y˳�:Q/��{�a�l��7�}����Ə���%�����W�4��~^�L�����Wk�+l�ٯ`������&޿���ql����ϟ��j�m���~؇��~���<�(|��F�nv6����h��iZ���|i����')%�τ?5�5n���iҏJ�L�m>4���i����旍�|>�τ�4^/|��(&���O�C>���4���zl��o��K��E���'��%]�&���?T�����6�Vg�9��Ơ�������$j���I��e�Ki�c!פ=fٛ�h�k>��+����qO�� z{yB�`����5ڙ�E��Տ[��[Yx�����ю��~��	�i:�.���1g�[�ō׹W��O��2�×505�'m�	>�D�S�osP?���FC�������WOi�d�5n�J�E���p��������r�S��l4��P�^A��7�|�����7Βq�3Ԣ��� �i�&�-��э�Ǥm.I��}��A��}`Kf��k�bP����8b5!�xc���>����b�ض'��b��j��c�n�D�9������,���6X��5l����\�X���-��f��l[�4��&g��,�gD�a�s��f[y�~�~n3�V�wE���&,�?���z�TF�h�=h�L&��m�m�`W���
h�	��-V�?[��DEDѓC�"��J�/�Z�xh���#B&t�:Yi8��ـRmv����kP�T�DD)�Z��,�s��/�h��"&�I�+b2G����ӚHT�L)&�M"]0}�����y/�h����]�ZE<ƾ��DPD+��Bl@OtC@��B<{�"~��¸H%*Ђ�������
���)b�x�[��Z��Kݼp�CÐ\Ex="��b����Q��:AM�##��(+��T�dTU5���/�M�A27��^f���N��� �SB9݀����H�%���� /`���!�Oq� F(�0F�ƿ)NQ�� ��)���Ҕ�P
0Ki��(O�e��P��1�� X�����m���'�S	�Be�	;���꒰J�5� vSG��4�:{$�.�:U"Q�i�8��4�N���7�^�TD� 8�C����8��G �J�i��+�.4���JC��hp7�8�F���4p����{���_h�
�P�E4poڭ��C���p1����܏�j�K�K�� ~�@��Ё�7�2�p9�x�۴������<�-:�����&��t`�M:��I�����tP�:�V �������ߠC��:�X	��U���a�ߤ#��	�HG�DG~���x�N��Zx*x�+t:}�Z�m:�L:���΢�Ϧo~�N �.��t�x.}p����ɍ��|:�:�B	/�������ѷ/��R:�2:��"]Ng^A��>}���s�{��Wӹ�?�� ���s��?� ����L7�ŀ?����.����.�	]x3]x���S�>�t%�:�
��I�3�Z~N� �.�(]��~�x���:�t=�t���#���ǀwK8N7n�� �#�ts�Y��n��~��= �,����y݆�_����+	��>D���F��ô��Gz�� ���I�8�������-����������$m���Oѽ�O�}���t?�%|�@���x~�6>G�|�~�=��=m��Ez���k���Ɠ���[�Q�W�1�W�����5	_���AO �)�[����6=	���]z��[z��n���B |������g ?�g�&�G���N�����?%��^����8}B/��1��^��g�ϟ�+�_Ы�[�5���x�?6�s������I������J������J������H������H������H������H�����oK�����oK�����oI�����oI�����oJ�����oJ�����oH�����oH�����K�����K�����I�����I�����J�����J�����H�����H�����[�M�"m�iӷH�����/K�����/K�����/I�����/��hӯ�����Ǧ�Ǧ��֦��Ǧ�Ǧ�ocӯ��eӟ��M���M'X\R.�;�����d�*�̪AUMے�`6�M6 �XF�ɊG��d�����h�h�ɨ�7�����f�5��d�4g4rR���\�(�M`-V`�X�dB���1�I��L���"�j�H�S1�A��4F����nĻs�17o��$�l0�f<s�s��)3`a�i��8����̖�Jf;'��;x�f�'&W�#�af����oflGf�
֚T�Ds��mhf��e|KSVF�/�,1���%�,�ɯ�~P�捪,7Lbdia��h���h1[1�`0Zm<�Ǜ���sX����f3�Lf��9�&g�0ӌV��V�ɂ���h��h.c����pJ}���ji��>���8(�Z�ɆG+����f�W����G#�Y���2[����>��ha}4ۭV���¬�H���2�vI�v�G�v}�ǭ����`0UPk���~��9�I}�-��U�B��U*�I�X'�̒��lp8L�M��9��T2;8�f������P������5���o���haʚt2m�6�d�H}�[�/l`��(	��،V�u�2���b�d��*%�JMBe45��>��@e%7�v#��n�p�O�6���@eqX���R���>Z�r�����U�ap�x��e����j�j���a�$lv0�\�g��#a4B�`�;4��xN����I��X�y�M57��-.v�����h�C�p�y�$++Р��Y���h�<�Mqv�Gi�*�zT����,�҈�6��;�<���&D�#N K��N3g�Sr����H''��t9���1��J�"��k��yrO8�|&&��tN�I�Y�F�۬�٦�右��J}���h�حR�ls��(+%�Aޱ��H�L�G��9D�0�~����a��N'���i�&��4J�o�e��x�&V>G�>4�q:�&rk��aq:��l�a�_1�O�,.�Ն�v#�����`�v�M6��sΤE�5>Mf�{��8��Ox�/{V�ؗ`���2,�&&ߡ��Ό<%ւ��.�d񊪬yQM
�-��v���P[��3ؙ����O��b�zpi8����Ē5��Ma�"-�.���X�n����mg�c�}����	4�5f�1?��jr����T0^��A��P4l����l�9�����,�g�#��e�'V��d���ɵ؍6���H{�<�� \Y8�1�[2�)��m��Ň�.�ju���lN��l�fsZmn�G�L,s�ؑ�H�i�7� ����ht�,f�<R��J}�UYzn��u@a���G�as��f������>�~Y�>ZA;v�������]3�.�C6����*Y��#&r��t��;�U�?b��G8�m��j`��T�),��M����f˄�Al� 웍M�6��[]�B�m�GM�p�h��f�:: 4$Ьy��/�?P��B��8�̼��m}��i��@I�����y�(`C�p���Y꣍�ٝ&h)l'��n�C�l GՄ>Z8�d�!�@���hc�'���{�?�w�p�]�C�P�cwYm{S�;��̦�K}�4��O9����M���ju9��8�2��m|�m�b���1-���,�3�1��]�C�G|D�"��X���(C��Ѹc4%C:�ӡ�����6��,^��c-���@��Ǚ�B�"�료���%�t�L�eB�(q���"�\l���2J}�JK�4PhqX���"؆������X9[=R��T�y8�f�Wc�f�n�f0k�h��(�?^��'N��M���t��&��H.pVύ���e��a���j؅�͓I�}t��0��N�P8h����<CH��2�ب;xXC�G���dg��px�v���� �E�1�����0���y��"ca���j!��M����F�`sr����ʘXz�u����i��{mw94@蛅���fd��]�k�|D�|�p2q|0�՜�2��;���m����41��s�I������]^��/RYtX�d�����5�%�q�E		�U6��&
o���"+o���j`r��gE��z�]N�t�6���q���l�0ڹ3�e�q�Y��y�Pj*�!��0E �i�x�f���3��tZ]V���D�ධ'��e5iN�x7A^H���mq9]Ff��eb�B��qPT�� �%9h�pΉ6���D|���y��+��S�业9����wBa��Y쒼f6�����>�F�e��'�f���Y)Ԉ�1v�G�Z�]|���X̰�`(n��ԋG7D�vz �Z�}lRLROLnǗrp�L�����ȩivM;,�c�94-`2;|nXH����� �D����p��Ln4ح�������;9�q��4yS��0��c�(A"f3%ܾ���fca�-!w�o6�M��<E�oR5ܚ],���9�n��q�w*9������:��y�Z����8�̼|3�/,|�0��;L���&��HD�����qqƻ��� �C6��cq��&f��mv9�.��Y�,>�0�l��V;�Ph����9|>"H���!s���'j���
]^�+��[������i�~��K�Q8;�����18h��6
G|�`f�ㅝvh|��W i�#�r#�q{<&?�8=n?t��,	���zH�,a@?L���挓��;z/^���yÐE !�G���Cy��9�`l?�ryB�#�S'��A!F�h�]ఛ-��ɯ��![��y��nK���z�t�U�^[b���DL����C���+���'5�p�������.�ߙ�u�9A��H��ya7� &�Ǟ��P0�dn~N��3k�9fm��I�$����f`�9#�D��m{�#n�g�h3���hn���|� `v�p��q�a����������s{��$�tx<��Ǧܰ�>��h��X��2����=�;6
����;������C;���5�a�\^�e��%��pE�A�G���\����.l# ��Q����<�Bf�3�A����'�ܲ�".�%V� ��7��CN.���� N�����=��
����r�� #�VwLJ�-�_&���Ή-4��L,���zv�*ಲ	�-�dqus[�./�y�F��� �w� k,������W��<��I~-�	g=��/�*�d��kZ��	sMf������u[�.��/)e:'� ���^�<���.����D�7`�{�8�0,~���z�~M�����W�[vF8�l���)����'����y��<����1��u{��/���5o��A���p�Dx�;|ҟcs�+�>��s�J�X�墄�>Z�O#A���d�_�ٰ�;���^O `sz��{����a@��0�0�N� &�8��;9���0��j�������Z { '�_ �(&�s;m~� x������Q��jX����m�i	>�^;�L��q\�4�[P���X"�`0�`=�ba����N�)̒������C���+O [����&n����<0~��7�	4'����d��Q��ML�Wf^������B4��K@R�tN"��1���?��"����u{�!G�@��T����}�����O;�<�Y].�����g�7����X,��C!��1W ��'�O�R�G<�$�.�$g���D��A
2�s����sʖ��H��&bn7�2�Xl.��Z��
�mKv�栖��!�/����X ��0�|?TY���ra�1Y�Ǳ��Yu����`|�9�ٵƱ��H(e�y����B�"�� ^q�!�P2��q��âx�G]���MI�ȑ@H�ɯ�ؑת�Ҁ*A7K�G���_���+��Q�-�^�f��@��8c(ZBxcs��=n�����TJ���]AF�v*�R�`)әD8�	���*��w��ML\������Q:g���ZZ���2��H�
��x �?gD�v�����`�
��&|P0���x�V�x���"���8Ԃ
�Chs��Qo <w%�@0�����
�1�S���C�t:�Ұ*�:\II�@�>��!T��u��e�*Z-���+�RIM�t6��GO���#�q{�#�ѓ���a?vd�!�q栉a_���y8��0��m�8�!7�$�#�b|�9����8Q�Dì����-å,�hM}�xp,�zГh�#�	��pP�Mo�G�������
���H$�	�;�n�$����9Ғ�hz�@��c(Z�xcC�GX ΖN{8{R!���9}�Ӝ@s&��D��8���̮����A�{��f���7�>��`��D4��2��HQ8h�ߓ?���؎H���Qg8n�c��ǂ�p�����G�������� x�֓� +��k����t_���áL&��3A�ǅK�����,��;�ى`sxrkpެ�a���mi��|1A�Di>_2�����큎�Bė	�"�P0sh����8��P2�{i>��Z�0�U��x��P(	�E�*��挓�wX����K�
v�?�AN8lѤ�f�G0Y[�	N�B�lė 2���H�#��R��T�e1���R�惥U�y^��-��b>�EЍ-�6�b�ۖ�.��E���C����@,��u�8G>����E#����L��p��L<��Ă��ŭ��Ng�	����o��[�/#h���ޘ���DJ��-�KG��s�]���v�H��l�P0�9"A=�!hB�<��k�}ˍ�ǫAZ>/T(�!D���x�e28D1���b���#�H2���T0\@��|Zƅ۸���cZ�a���h^��6k$
���g}^*��	�aJ�:��8bc��8���.�h4��F�I�/�Ɠ�d4JF2�Pȃ{a |���<�q��_$��ATq�O6g�Ps�� Et��E�=�O�Э@8����T<���/+��h�%ȇB.W(��AF�]���2GI��/J� SP�E��ဣ$�]Z��؄$��(�9B�+�!
�a(Z�xc�'S0d7�s��΁R��� F'w&�2'��ֶb*�G��T l�f�\�� �Ee�囙o��}�8BG<��'%�L�$��sD�8�3Q�!��@�\-\�DړL�h4%]�H6KB�B!��
z� �����Ӏ6_2���s_�"�E�d2�bS�x(��&mm�|$�G��|E-� �E�D�y�0�1��G"`��,�T��.Q0���ͭ�t�����X�n]�C�x\O�c�ۯGz:�����X�`�K��ɏa��y����|�rz#����ҳ�f��E��з���R:9�^�y�:�6�ae)O��R4
����c��v��s$ �`ڹ��u��Q/����!]��f��Pz���:l�l���?�:���[�@�㊈�hI�-�I��l8�E���*��P����c�xzgR&^��;:��l8��T�l��/�@'������73%��w�~Ъ�R�����D*&"~g<Tҁ_Lp����8������s�t2��c�hڭ�z"���Siw$�9!/.� ��x*�H�-���:x�o-�uV�x4/��i]/`S1=����Tg��Kv$!ko��
��	)�4r(����ʀ�q��By%W�5��"!XD#�]�D2�E\�m���d20=�ӓ��'���ӹdN��sɒ�#�����rGpa�r<��l�c}��0�s���d۵}��6�h���t�cm��$ɕpU*�ѕ�Ebz$Ҧ빎t�-�xb�`��+��ī:'Es2�&S�]XP��LQK�P��"8�`:�-�=�[�q�PKG�@�}:�6�����*�+Dq��HB�F8G��2I=�gw&��.$�ڔJ�K�؀��=�H����#L�.3/�����09��H6���2��H�JХG���/�c�"Il��q��i���9��'�xΓN�ө\F.�gs�X�q��B$�0�� 4�Y���zK<�+��t
��Sz%�˥3e0=��gZ�\��;ӖLwCpA$؁�B��}9.�he�� ,�+�B$�U;"�Z&������zc9���mK^/�U��\1�*��\�=WLӱd1՞��ExC��1̍�����c�L8@X�Ӈ���'?��QD��X���s';�E�)�Ǌm.����璱$Npg:]��b�IY,���<�ty�S���o>E���f���U�p:��i�T*Ŋ�9��9ya�c�t1N���?���r@H㊈�h)�=�^,��"B��)=1α)�\*�N҅�I�t�$��;��TJdS�����`������̼|3�)�aw.Zs�B�()e:'��qcw�c�9�g8'pA����s$�osEx�$o.ݞ�4$�Bћ�b�H7�;��C�(T(S@[� ����jk�"�g�]�b1�o�S8ԭ�b�^�w���l,��4\���3R�ED��h�.D�Q�?�@��==�X����n7�d�����E�ϭ%�%b�bbJ6[,g3�/ZLu˙r6�*g:�z
qU8�O$��(�i���<�7ET�:�Q��rsF��f�"���)�����˭�t�D�SӼ��D"PL%R�D�;�-����$��6���n_j��:�ʸ��M~w����rB�fŢ��ikkK��D�-F��l"�(g��h6��R���}\9�eC��2�R�$]n�cM@�w�����-�-�J;���iS�@���)mmz!�aW"�w���@6 RA\Vf^��}Z3G5D�)��h��%�L�$RG^�j�Dw�y�:�D�nc�d��P�Xֲ�L6U����|��ɤ�l��ӓ����"�h$�
�Jh����t<��L�Y!��|vJ�\.;���TG����_�e
}�D"JD{ �X$/E_�����ڒ ��ƃ�X,%bP��D���t��D&�[u��vO���lK�`{{{f�Tj�,�:;���|���L��T/��1_4�	I��aS}�<.�e���dv�j����2�g]پH&��f�;�C�|_g���b��W�Z{&iϧ�L�$�h����4�J�� #=����2G�2��)��28���t{�?�V���L0m��b)S�𖒥$���|�mJg��a(Z:��$��ZVGL��C�Ι�J{K{KKG�cgRW��RKKˬ9��j��%�UEw|Z�%n	�2L\If^���S'�����3�NI)�9�To�%}�L_;���sI��
3�T��l��J�R�3��Roo��,��s���`.M��t�_*�c�I��D�çg�ҔB;x��i���
���tgg{{L/���{J��ٳۧ����e2�h&9�d�Dk�E߉�I�jY�ߡ'S�w(B�3�'3����L���1�|�p�P�^��#�b��v���j��H�R��Tzz"�jy �=�B��2P)�����4���zx�Z!7��,a4��4g���o[;�/�m���Ԟ��`i���Uh�O�BӪ�\�Vʗf��9��0_LK�t�	�0�)ϖ��Qzd
L��ˁ��*�+�Z:Z��=�H!Q��b�P)�ҕ4�̱r�Z����$0-=xc���3��M�c .����.ݵ�Z{��ʔ�I���vE�Y���H����^(��VM����b��J������7s$��� X[TݹI)�9�4P-���p�U�e�r�vl��D#���dO�'P��U�=�j�@�����^.W��D��d>��C��T!�̤;�2�̔J_k<O��B�*����|OO�6 �W��j_��{��k3ۺ�wA։Bzv�PȦ;�,����t!7u*�gzJ6���P�� ��ys
9Z��L
���H?��r=���R<�]�w��z�j���x��2�ǾZ��W�U�Tҡ\��,���<��B�P�K�B�|o>���1��9���Ʒ�틔�(��r�^�pe׾>�V��4}V ��d�J�R+�w	���w�i�%_q�<��+{�8��O�P��@�S����k%�Hd``��W��S��[��ke�R��Ǖ9Y���{�PK�R��>�U0IGߌ�b��q�˜�{M�W�������I�Յ�`���w������rTuz��d��D5Q+3q5�y�f�/��!���-Ok铔2��H�z+�P��k/�g�r����*�=�<�Շ�}�}�Z��V��VGz���պ*�ڴ�x�-]
J�L�jɕ�rK���*��kCu�<?���:��:��v+����G��Zo�>\뛺���]=�@p�T9??��Rb�����-3f�����<.?)(B}zC>�p�r��.�K�P��Q�eğLVBz(Zٖt��,�������!��_��ǡz�6T�W���"d�)a���墕R	=��b4�5g���c��T�()�Y���ڂ�YЭʔ���Ĝ�J{n�V��+� a��ʂZM�k��n7��Ȑ^ۛ���C2E�fJ1
���U�K�
K$622R��\?(��z�������k��J?�zC�2��&���ٚkO����K+�+���{gN��3i��t$�|��E##]}�P5�_�_����t����e��Y�6s)
�֢����!I)�9�4����W�^?���ԋm�0O�������zO�6�����O��ֺ�3����\%Z����h[K�T��A���D[yf}����޻�a|������P��|0��_ص>4cٲ�={��Ui�u���U*�-ӥ�J3K����΁rifk�-ے�"UZK����}+�t�a�S$�i�U�L��Ñt$^ݖ������������s�ۆ��8��Z�ۿW��z1�V�f�նj���m�<�X�Wۆ�ڊ-�������9�n�s�}�*�6���.��I�.��KooouZל��>�Zk��f-	W��!�ޮ���ǿc.]_�ω#��2M~�B��j�^�ͭNm��N��y��U���A!��_�������qhaj�:��bC�2ouL2u�nݕbW��:5���*��A��������ٙ�K��+�`T9l�yS��ת�jZ���ܗ��e��L\�̼|3�WR�mq�����+)e:'�����.�^Ü���O}���t:�G�ܡ]������s��}����^��?{nzjw��T�-ծxgk����	���ʜ�=���m_[���`z�����չs�f-�����{��Y�j־�g:�[x����b���6(E?�mN[�s޼�Y��9���B[�0k�m���v57^�ě���8�7!���P�C����ѩ�4q�h(�(�)VOUת�7��38{�4|/yv�︟&S�T!�	w7-՗H�J���1us궴1���2*�җ�o�(SƝ�f�hFǽ�537�<�2�d5\�(��y-��-#�����ݰ�G�Oϟ�?'~������c�{�����&�d�������
�
+
���Li4�o3���<ڟ�g�����e��p�����ɏR>ܢS��jj�6��_h�?}�6�=�=��\��e��%����{n������[���8h�O�F���៉F��Q���L��E����W��������l-~�ז��a�n9k�e����-��r��܅���������W�}��Oزq�/����/]��/�G��M<���K�_: o�/�x��R�őg�8����S^����bˋ��/�^���o~w�[�_��
�����l�3�����7�|��37n�nNoNmN�4.{�7&�I(g)�җ���j��$��o��e��ۋ����;���=���T��Eg+���}�.�����~L���I��_�C���O��/i3}@��O�#���n�u���n��h]L�c���G�	z�~C��7��=�����ѡ�>}��@O�Ӵ�ަw�\:��#�(:��N���t��o�:�������@'щ�-:�N���z:�N�)=�ޡ�h\\.�B(B��>�W�����9}!��$̴U�@\#�?׉�EX�M���G�O�X�X�(n?7�[�Oŭb��M�L�\�.F�z1F��?�s�Z�A�!�w���C8Ÿ�(\�Ϳ�^�-�+|�q����8O�'��_�M�"(B�s�]�ED�J<(�"&�"!��O���
�*�B)��Gģ�1�����xBdDV�D^�N<)~/�O�?�FQE�"J��.�H��K�=O/П�O���@�U|(6�������?���_��oQ�������*�²�"EQ�bTL�Y�(VѦ���P��Kq+��Q��O�+~% *�C	*!%�D��S�JBI*�r��RҢSt)QU�JN�+���(%�L��^9W����~%^�1�@ҷi}��!ޤ��/Щ�1@�Aq��X|��x�[|�H�h⿐@�(���aǄN�`��n����<^�?�#�X<��S�L6�/[J�ֶ�JGgW��=���>u������3��g�̞3w�]��6�=��k��E{���%����k�l9�������Ï8����o�9���y'}��SN=��3�}�Yg�眻���/�𢋿wɥ�]~�����j��5����o�яo��'7���[�u���総��pǝw�=��{���_l��|��?��c���O��I��SO������{���/��p���}ӧM��N�U�:;*�m��RK���e3锞L�c�H8�}^��v9v�G+&�AU��dg/K���
ٹs��=��whX6�B��/㌦�I�ԗ1�y�W0����0��ꣾ���H65�Ĭlj\��b<_0+�$5��|�/�/��N<���	����R#���_�vd�,L��n������z��v<����׋Ѐ�Jhd�z�,N5���dg1�j~d���{�xdV,�^��6*�Wd��Ш�U�а\f�4<j�ˤ���y��m�֞?��A�Zg^�t�|	��iź�FC'����ɽË��coL];>,ůk�~75z�^�w�M3\�s`����l�l,}>31�B�|�JsS+�#ܲ��Ԩ5;�]���e�Gt�(-81=�nll��Hj������Xv��Y��~Z�����T��=�m�5O���]��sǇ����D�y��S0E�]���)P�8������������=b8l�:�l�6��y��1�`b�?	bϾ��/�,�h1�?�rl�/�O>�����ˬ�a4��)�mǏ+dWk)T`��ÖL� ��i��y�t^FO�kq�=E��h��uɨ��{6M����'{�_����!�V`�R��ǭ}#�����ӽ��?oav�^�-N��]6��y�����o�x�/Vc�ēSe/4q�6d~Y�5���$5��q��([Dj���ln.��������(Ym6A���/�O�����s�UA����[��ڵ�/�͆�Y�vv65{�������Miٵ�Qut��e�o�s^lt��K��Ub�U���Yq�^��9�[�QC�|΢�c���ˆ��ϡo���lU���[��h�����IrWl� ��� ���qA��2�&hŸ�l�dR;$�~�t��Q'� ��(�(��&��##��qԭY����eG�P=}�O���C��I���:��ޫ�NEҁ�q,���ǆ�&z�͇����3m�8�EQ�Ս�����R�p��W�&��Z�?���Z%�/�r��F�.���i�{fH�@�:F)�=QV�lA1���2�_Q(򪷌�z���z�8��^I�ZĠC?�p�Q9M9MU�W%��$Bc�C��MVFݧ�5�p�z�1A�M��c]��qTYm �d](6�t�Y�S��6�#����FQ�(�ߩ���hôB�>�ۜi�����Kk�q�s��@�`C�R��s����Z	]��Qոo����w߫��z������]����T����i�Z�1c嚗Q{���{1a?����k�����Z��]5��5�ol���k�i��U�Sݓ,o0�{�[�W#�J����p>�	�h�����38S�B���֙x�]��5��ot���9����{��v�r��v������:�������L5�m]�[:m�T�U��r�X2��޺;�Z�&�ִ���m�j��V�ik|��&_�'�[Q��!�j)��0cv5�uǴ��g���+�T�_��u�]��#e���Q:�L��Z�ju��ɠ��ŭ�X���,%��8S�轺��4ä^�ܮ�ByR1\�ޮ�B}R5��TUW;��ꁪ�=s����ف�ס���R�������!A{ bF���3���b�s�Wz�|uLS�GE�,��^A����[�
�`(���L��-%K����J�v;/�v���\��\��\����l�v�t;gj�J�S�1�K���{J�6M9?L9H9/K9OL9O9������RΙN1 ��~	;%L0_���&�/�4���z�6@�+t���0�e,y�>3��(i�5��C1L�*�n��V@|FY�꟏����Y�Z�s��[����M�y�7�:��#����c�#1��fZ�(ˋ`��\���B�G�u}C��G`Mn^E9�6�z�İ�X��}"MI�_����?��[Ę��ܸ�nL�0.�����_��۠]��u�ծs��㊸K�}�	�����wwIğ�$�%��v���C����ks�L0sݠO�6�t\�u}5�98����T_�J
�~S�-=������<�O��u�>��N�zB��O��~�>5��ޛ�kU�rx9�́�Rv�^�Z���{�x��b-J�`�|���a�C��̃溹��nΘ�f��k�,.���u���@��,��Ɩ�V���MW&C�|��J���B�ҨO���[84��:o��X0Zo�7j�s��노p��7�i�;(5���츰!f0f�Ĩw�[4�r�����#Ύq�'&Ͼ ����/X�������x�Ξ��M���)���N�^1o���[KF���H,�7:gaj���)ʷFfmTN�j��b�r��n�g-ن�:hPꓛh�Q�ѠݧI��h:F-���B�D��-�5c�����Y�u]�V�:��ΰ����8o�c��M��Q�˅$J.�����䀰>���{m��6�Oiv�"������쾵�}+�[�J+��g#�-��\��BCK��:���z๳���="�>Ov��6����!�1#ܪ������&��Q}z:|j�����@�s��}f�L�:s��o�]�S����-]�=Xz\Y�<bd��Uv�
�6&�5H�wܚ5��	
��#P^_(�ʷl֒V\g���捖1h2�Gp��d͚V9�������ǯ�c�m�Z�lk<���U��㍗6$�����ZZk�g���y�X��a<fkαFλ����_���(q��]��WP��u���FX㭫��@�|�4S�n���N�o�U�Fz���մ�N}��x��@y�&�h����XN��"Kt!���g��;ʛ�7W��G��0�ӫE�rT��R�P����]��LfC7�D�5^ll���#zN����ڗN���|eQ'S4�@��&E��I���i-�C��8#�I��g�a����SĦ�mp�y�l���Gim�CI*åO�t6]FWҳ�"��.�F
aOˉ�4EF��q���i)(�ﵷ�o�7B��u��[�&
O�������}�	ʸ���3�764��^�36�`}����M�K��9�{����_�����[����Z��U�u:�΅l~H���u�D�Exį�N��e��1Ԡ�w�O :h&�u}��Aވ�)�"j�X�'�u�H�Te���\D��j7ni<��Cf�"h�z
�vdw���qz�ޥ�����<�^�)�����)�>7>g��qm�s���yj�N�88�v-_��!���	z�>�OELL���B��e���/�W�?ŝ�Q�0T��3n1�e^����W7�aw>��� WB�@'���n�h�}���ۜ�.����q��^<��UW�VV�BM�Y���c��O^0�d<oka�FE�F�a:�^�| �UNB>|���־m�'}���=; Ң(F������r�J�"~,։������r�r��c�i�-��R����VC�h7V���`����6�k2d����/�_<��K[[[�[n=k뽍ō��l�и����M?G��Яr�*89�h7: �A�@'����=䛱�t=���D/#�)���?�s�),����+����!b�8I�o���?�������Y�؂,�t�k�C�Uf)s�=��
e����+�(?Q�V�Q~)�IyVyC٪�!�u��5� p�D\�nP�V��>�>���~� ��!k��5�i�bl�6n��W&��pܔ6�~cz�l2����4��<fn��N�������Tq�()��JU<��!.O(c���X"NRIi7�A��ӛʹj^�'������ɥ\�́vsZ�S\�.2��7#����=�I��<��C�P��y�{�#�NZٸ
g�t1Ol�:T9Fy��AC_Q��޼���-�0���*�ж~�����!�EJ��~t�z$���Ga��G��ܪ\�����x��_`��3�A��v����=�9h{\��r���`7�=@C\�@?��r-�T��t����ye����&>2t�*�	9�IK�{�B��+�O�_.N����)oб�w�P�P/RV�G�#"���!���*���@M�>0�f����Wo*����z����ջ� ���jJ�%�����7}�:�>��YJ�q����_��c���Cj�a�a�����I%$.Q�2.n|���� b|��O'*ðO��Ne�W%
��h�N����%��?�qNG;Y�q;�w��}%}�[ͯh�z��]���d�v��~f�X�й"�\m���0:�N���7]���񦭃�;ؽ}p7��p��*S�i!|�)�M)W}�� �V"�����Bd����B�'����;�����eAY�2N�~�H{W0޷��A�{ FQ���M���:��l���fK�MYX�!�w�m���R�**v,XQ@E�{���y�_�vwV�����ȩ����f7z�����|���ξ���{o!�g�,ه!���r� ���<�wO'B��B;	��X0�p?�8B1B�� T1���ҏ"T�BB�O!T_�P/�~�� �h�����5�N�0p"B��C����&B���c�oc���;��� ���^���M�r�yY9BW@����	��z��F!4gBs3Ϳ��_�?���%0ƥ���z�V�V�����`-Թp{��m �����5
 ƿ���n��m���l �n�qn��l _�
��o�{�X ����uo ��9 ��[!�� <w�� ��m@�۠_����;��>��7�8���q��0Bw½�WC_y�ǟEh����!��L�vC��@�4��Y�>��� ��C�-�?��Fh���A=���!����:��6������� ����xz��"��E��K@����^�\���x^����
}���Ї?@��?����:�����)�ފ  ����<���]��w���B=�B�}������ ���A_���8}��}�����_��߀����>��V�w� h����@�� ���	���v�� ��SЏS@�S0�π>����/B_��W@���8��NF��ɿ@n�:|u���?0��;?@]? �~�1��	B?� �?½�@��0��Чs�����Z�Z`<�� �^8�z x����}�'#L� �3´	��R�� �@���	��k�Y/�x�� '���B0a�Q�oV���Z�;�3si�� Ў���DX`؆0�*�&a�a�a�� P���v:®� �D�}- ���xN8���N h���C PW� �"�S�>��nx �(B�Ax&��`#@;�G�T U S�;!h#��a �%u�x��# ���#uGA�F3 �����!�~�F c��2h�l |^�)����Чr�S�!���NC��o �+7���� h��  ��j"�����<�p��f?µ�l-|���,��p^���:���l�aл8u���;�( �E��� П>0��`l��h�����M �/����SK ��t �Az �����7 � � > �����B���� -�����\�~�z���Cx�� �9
xi�5
�?
���	��%���+�6����A=�く�����O�{$ ���D�D�k�y�e�e��$��dhs2�;�n ��d��)�����7�<u �|�ץз��W�����,�l�d�  ��U@�9�߹��y���� � �Z�^m.�~-:.����K�K��Kᙥ0����2xn�z��P�@ߕ��+��al�� @��P׍�#�� ��Z��u��� ����:�:������@x3|o�y����6��V�ѭ0�ۡ�ۡo�� |��N����{A��q�4����� z� ���?4~�y����C@��� �x�~�� ~|b�O��v���O�?��i�g`��@]�C]-�f�p;�Cp������������v ���c�G' '�O�~�-��%���W� ?����:��˛P�	2���/P����w`\�@{�A�>���з�O~ ��訏��O����t �Oal��>=��i��� _@���=�_�'�o@��ο�~tB��������<���	�9c8�>�|�}twРx����4���E_�(�A��0Q����(����aIԧD��)��B�N͔̈e~��Z����S�`��v<��{�o�8&ו�w�w�P#����P�&��	�{t�O�pNb!��3/@$���Cj3x��*�Z�4���'q�nN��]�ø?x�bڅ�񼃎^g�i�#�������F��P��3���4��֙�j�j��lV�RA�ߊ ��������He�Y��$�aO�\����|S<����rxHۉ��fr�^.k�\x�.c}�A���x����!�-^�2)�܀5�����>�b��n��*��a�~�f�k��eD�x]�Je�B��� KӁ^uuۻ_h���b�����������q���u��l4e�2� �Gyl�%#����/��������	�����>��<�<X����Bq�:�$:��+vUu�8����.�u�7�#k��ݧ��8��=$�v0����h�8�Q�8%�q���֡S��^ɛ�z��l���]OY�eu�Ք��V����-^�Na���
���.C���n/s�,��h2y�>�*����wO�B�ө����!�d-eV���t�\v;v;�.y^�u���E���)�Ґ�¥���U�(�
��'S�K���v��A������=䖐7í6�Ŋ�.��ߙ�=b�j��yށ�"�;�$�3�^�ک1����8��3�3���ήB��������p8�� ���\*'��$�x��m`����I)~�"\������6j�j�@�5��� M�Z/��=ҿ��)c��K.s�C���/�Rx��k�A����h<a~��%0��{t�r�	��w/��dw�
T�����̡FJ�W��D��C��Z�ý/oX���#1Pkm����P���-�_��r�Z{cN ���Q��C5��hS�&"���(L=�"�}5�'C"���J������O�(��	�!d��(�>����j���ڶ���B;��©�����ȗ~;��������K#�"�#t�04�uٽ��/G�کTK�^�a|-2�ْa�0O��/���4ߎ�,#��h�S#���Ʈ�Կ?�40���sq�<�3?�3�'ʉ0F�#���7v���?��\ O�;s��:�wu4�2;͟��#7:�&{֔Ť� � ���O�N�6�y���=y�P�h�F*Qe�.���V�?s����*{]��f�+��5�h$	��Ǵ���nE��v��7����)8jN��2͸a��|��7�풫��ڦ2&j�>�CÄg��~��>�e
�s�]:��ԢE|������.j�U{/��M1b�%��W�3�o�Jy���s��{��uD�ZXXt[�+�M�_hd W�z}Ú�5���$}UM�^��3nrH�5"P����pb7;������Ka�#į<�g6��éd��Fu���4m��W;.?P�\N"�#xؙr<d�"Q�xC�_�,�-�f�aI��d��I�}JV&/+c������ϔ��'��� �P�4���8@�1%��]T*(�{uU]�	��e����*6�4�Rv���m��4c���e�����7=�������;�#��Ł�e�9?]�>r��Å����a>m*������	G��7u��Yy��K��6��o.�k
4��E}������c��@��az�u2t��D��с�T���1q@�2EU(������"m:B߇�H�%��5��V7dM�>�!�{�[�K���U��_ގ��.I�vh��>�x�͙�xJS*������k�*I#�pHP��9x�!\���h��t��w��w�2 ��!Bn8D9şj�0eS9"8`7��|$��+��%�s���h�u�ᒴ�(MvY0�`T�,
�R��)T[��|��k�^�w��q����^����W���tϕ8Ͳo�3s�����Hu7��f���A��w�f�#7\p���z9�t�m�^<z���c��u��Y�f�k_/7���ۯ������{��ҐU���Z�1���q�C�����Gu�Z�w����s��8��y@<׎�kCN�ѳEG�g_�2*.v��8��r���fpb�*�b>�'r#8m-�7�����T�06sF��Av���������6C3�46�xT�Ѐ&]<4�(7�T�י�]!�<�Q\���u�pZ��pa2��7�n\�c�M{��z�D/݁��'��|�������_ڗ��|,ź�{_<?���L�Wݨ#�WR8Z+K.�T���^�%w�]a��Q8V(�\x׷y�[�$���vj=�1�>�cs�!�9�O�\p��0���p4Ò�#M�Aky�x]*���\2�9�T��e\�hH��O�C��*Fg|��v,�T�(^�L�4������w#+���-�]�����F�0<���c]A��<�]]�]�����ϝ��
8��R�s
�)�7�:����\��Y�춒WV�h����tm������M�:�H��'�+C�d����_�H4�^��lh���Pև����ךԲ�+�]1]V澬�w��B"������wEZ�J<�/X52���{	F�[ok�z+�WƳ͋�:��Lo����G����Yg�ZtN��e�܉��@�0�����iP�Q��̫��h���{��0y�R��Д�����ڝg�Vax'�6�P�X������L������k�H�
���������h��:��
ݘG�!�IIZd�|Өǫ�Xo<��G�v5h�ֹ�e��S(�_���R�V�*)��,֡���I��ޱ�ƭ�?3��ɠJsF[���j���WZN��ݠ�=�h-Q�� K9���H+���0�. �2PG�(���w�_����%����=�������8�����U�ͺ��=�޹��޽[{�# ���i��H�,��~���2��P9kN瑋�y��a�5`��H1iL,q�7��}bci]�b"��n�i��\�wA��F&B[�5���A�!��ޑ�a��������k�����ڮ�����d[o����v�C�Ǭ���������[[l��Ǽ'�!���Y�K�s�]C<���w�'�C���fix���u��%�i������y� A�]$�rJ��l2f"��5�nZ<mVn�M�&�z�������5t��'�p�����?�]a�=Kj�oq�s��:53��ѧ�wޘ=+vf�^��wPm%�j`��^�\JO͢S���t�
�x;��Tf}�J��p�C��!�҃��k�p�7`�b���FA�a܉\�N��nD~��#t4��Ҵ���NG%�=p۱G}���O/��g�r��dz��l��n�( ��E��B�Xtt`,{���E�b���h��P8���ҏv�[�V��\u:|	;���++�Qe8LiL��:<Xc1c��4��p��J@mR�V�͚Tw��V�՞P־�zݡ�����;��
� GN������U����ʹIA��5�%i�����8_�=A�����H�H����w����e�)p-O��+��u
� +h�Kv|� �_y^A5��(qZ��h7à���4x��@��{�Q���Y��~ە��]��̼eJ���u7>�K�x�p�}�=�'1^�v�����>�j��E�P��_�غ~ I� ^�菇���FOc>17q}deb[bG�	�nǾ�ꈲM}�q"���.���"�R�A[F+h�<�ؓ8��ުd,e9Lo��;[1֋�i�6|M�[�9��Aj�B*�Գq�4�N��$#N��~���OC@[�[S>�;
*#�~OOE���e|�e'�J�����T��j�� �5?��y{f+��%�j�R���C������Ο�<v��훞�}�mg7����\���ɋF�N�9î9k���%�\3uOs��+�n��ƂU*v���ŗݝ�$NO�Ð��)���l�T�jT��i�7���J��t��P/R3c�x��>�ݙ���`-�XF1�REk:-�Q ��L��q�_�I��h9�VS�9�$��4=w�f
i���h��E��;%�:�F�"���#ԓ�1EQ��D���!�e��X��7�;�WQ�M��i5�#t�>��Q�c^aW�IP��E"�_��@p��Uy���"q�|�T����� NTC��@F��w�N�`U2�^��ݕ�,�(�C�2H�u���t�����W�qu�VN��w·��έ��p'�f+}M��u3��`��_�"��4O!��@@���9�(v�b��r�
����B�M�M�u�ۙ�3�)ژC~�*�<O?壊�l�a��&L�Tw@���,��D�V���EQOѠJw;��^gr�{UG)���e����q�8�$�
�I��'X�o�w����8�(K� ���J��x�R�p��G'o�u׸����Dj��\Va����{�I��Eon��ފ\�7��	h����|n�����/�h���6��a���ٳ^ў��t���n�^�Y�I��y�o��N����>�#����t���v�s�jS��V����L2R����b�4����V�_n���u���Ax�4)������8�_�?a�]!�^�Q
� X�\���/���uQ2ƪ�q�@	 �@uZHYT ����Z\�Ǧb��d��/������k-�>y��7�@�z̀�/_?:��Ύ�
ݯ$�����7�ߊ��b]����9+�ȿ/^c'���[Z���!���ֆQ���K���>򵤃�,����e�v����)MS���Z7� ���0X]�>�Sc�S��g��� �^���W=
b��LE�t�s��.	��S����UXƌ���8Gq@T(���.�(�����Ke�0��a�����F��|	�`�M���0��U|Vi��]o_�d�l/]6:X7$:O���E��x�cmh}�抝��u;<�G�*(����y,�;�/�>�=�;̟�|U�;�0R�\Ľ?����
]`/2��p�ÏJ�"O8+�{������t��ˬk�Y���������Lń,���dj��A���g'��@��L���T ܢZ/��Á�����_��w�z͒��I�
��]�m����P��}`�c��n݂�g��6`���]��?5w�����cO5|�a����=�p�!�4�~s ���Y7#6��b�k^u�J��a�ҽ١�L��ž�������f���1�u�����m>�8�).�������� ~4�D�$ҹ��3}d�L���0�ik�H���mm�@Ȝ���WB�����q�0�Ivbi!,"ɨ�x&E�*JZm�Y�6�3�O��{�u�v�9Z8��U��9�v�؈���ʇ������o��o�C���'�˨I���ܥ��.]a/z�������B
�U�R��IYZ��(�a�>+���vTiH�=n�A�E�F�d
`Oy��e�Л{�˷zwU�./�MnBB�n�Co�>P�m@�KR�Y���R/<$�3Pm�N�`��l��)���קHoRy莌�;Q���O���]�]��*%�`T�hy��&�\zc���U�;r�~����-�M5�7fL�D3E��~�D
�I*���Д��uC�)X���,Dfe[͐ ��U>N��g~P�,������i�dȩdX��D7��J��Th ��RNWWGGG�Aw�b�{Nd�1c+��(�9w���ר�
����ߖ��_���Byf2�FV���vz��g�<�C�|;U���s��J�9�3Бʴ������������-��0�dl�!U�J����=M�hLS4C� <)��UXXV���VR,AAA
A�׏��>�p�0E1L1/�T6�(]�
`g8��0�AKω���0�!̤���;�]�d�[
��x;�{J���;����s�6'�>ɨt*�v����,[��3t{�[��1#ʥ��H�#s�y�}�G?�<I?���*=3��c�J��:�AS,���e�rZJhF
��J_�7�۱�ZQ���4����T�3��<��$sK�#Š��� ���d&.�	b������+'��<ӗ���I���4l��͟8��H��{��q��W���)%q��W�����sC�2�.&��&��̼IM�?�Sxd�wo�����
vjBc�+�~���뾴|��6�(vl�[�/�?���Ϯ7����H��<V�c-��?n��Q���Ve�������3��*g��,ab����l_�oSSu9���/��*ٷ�b���(u5P�f����7QM�v���Ԥ��S��;����j��0�T��ԇ�N�)�LR[jգC�������k���r���%� �u�φ��~x0=�0�>2S0�Xt��z���1��u��q2��ѕ/zR@=�w�F��]@ɮ����FPN��NvŦ�$"��^�+��|���x�t���O��"Z��T����B1D��&��	LC)3�3-"����"�f��#7v͢�����?Q������x�[X�w_�kr!Rx㟅ٟ��O����c�6n�����k�=�pJ�$>����F�X�k�V�`�xa�GKC���xP�^,��}!��g����.l(��������
������C�=>�o��֫W_};��`L��ךG^��mGN<8u������@��L��0�]���"�*QT��� N�#���W�w�?���k� dC�@������Ĺ�tqfh�e������/�w�o��1mI[+�U�S���D%g�LD2�ʘ�A�%Z��W�4�Z�)�4Dx��*��X݂���8 Z1h
ZMޢ~�-��̉�<�{��h)VK�1E�Vl�'�ze��t���*Qr��B���tC"wP�j�M�K|����H���m�-A�ӓ�)r�ؙ�w�	�x�g�|���gr���dB�UY9�K6�qa�����_)�|N��2��C�<�/E0aK��٪��:�|��u��_'�j� ���R�}�k�����-x��/ܰ9���4�y�!�����q윳��tƬ�'��+|�>�X��'�p���ˌ(�v}���7�'A@��/-V26�2U�Í��)���WT��nMߥ~0�3���ٲ��V�M}4|"m_q��ĺD���f�F�H$�.���rs5�T�\��uI¶dJ�h&�1eV�u	W}���9.����d��w7�(��M!M$��B+��۲���������"�|�����.��k�.�j��s.��^}/�֞h_�1�Ǜ�GT�16�o�F�\�s��p-�����d���s��N�qHm�r����p'�����I�R\q�L����bc�>���[2�p{���������p�n��b�����8���iњ��(�ܝ<�T�.HA<�s�Q�R�R  �
_p���S�O\��Ċ�g?�p���n�'ftľ��7�+��7l������k�?�F��6[t,��wʌ��c��=��t���p��u�m㬅ڳS�GY��&>����G@�DѭR(�7k����Y��Ջ5K�7�w�d��~�n��w&Ja�T;.q��vUu�O[�)�A�t����j#練�F"��-Y�Iv�K&�4ph�#Y�;=�3#6cei6H��p
D��Tc��k���\���h�^���LPm"�r�}dF�aC��mn�y��>k��^>um��Ȯnt�?����rE��*g�_���?z��SG��W7ܸ�-�n� ?�m�bI���-B�c O.�@B��/�j#p�������h�W���p�����b�X,�`RW�ĔNeIƬ��0�)�,�8��(�8g��O��-�a#+���`���I�b�$��d�� �C=���R� �[$G��K~σ��e����=Ѹ���8p��I=����bZp*.��B���f�=4e�?��s׋���Y}������&W��n����S<����ן����0�5
����u���9�:7�e��R��W��<Λ�u`��vI��Nj��.�Nz����ݞ{O��La�Lm��	�,�b�͈f�`']-�!��f�����rc�G�
��R��B`������)!�DQ���½�n��%��
\���`�B�p]��J�keO
�P},���R�ԘRb�g�[�;2n�����{{r{��Yl.Ofg��pe�= �{��}<!uX&u��s�=��!ײ��CE���"�/R?TTx��"�J\@J��B�0@�g��+>��\<~*�������r�f��<�=���?)���n��tN�d�@2ea��r0,����͋�)X�ϯ������-1S��7�5;������|x��/t#�1�;�OO�p��~}lX����a�/��/X*�g�����7�-l �2y���UWf"�p�P�WJ:L��^���ڬ���PI���Vo��y2r�i3�(�^�0��E�#�b�-:;��<&D{��j�V&��ސF�W�Z��J���N���)�U%�c^x)%%�'�JJݎ"��a#�J���p�̠�d|BJ��X ����N�?w#�@(�_(�_�Q�_���[0H��<�s���t�5�7 �W�T�5H�H�f�d6(QZ&�[�.i��3\2o�b�mP�3�����aZ�3=���ma��χ,+�r�>ͅYsC��X�Q������6��bM�y5X�m������E�������tYK�rp�d�L�����e���w��6��}��1�;��.���*Jc2�b�"b��r���GQT;MIZeu�������Ċ��Y�Fty=Ҁ%3�A�eĚ�ͨ�1�g���bň�徆�F�k sz">����FD��F����,�
�����&�D5���d�^�ឹ���K��jդ�WZ]��<*�>�i�L��T���w���֗n_��9��~ㆆ������/|m����x�,D�X,s�T��;���>����qB�l� ��*B�� I}��ך���PF2}e#	����E�d�?��nV�Y��1��Ջ�豆������rj�6B����gye\(�z�^}{�8
���.8ʂ1�,[U/d��]?e�/���U���*�4�"oq��f!����ʜN������U��������ȏ7� �W���	U�ή��TJ��Z�Ɍ\���R�k*�k����*�\�Q巕�JHI����ve�,��d�-�j�Ĵ�R���8�ٕ��D�dɭ,In�S���r��)�=b\�Ƒ�����������G�K��twt�ꈓ���t�"_ٙ-3��`F�_��_��喲���AA���2t��g	͡�@����+ eDY�ڋ�C�S����uWz��ajJ��������f���[=��+��k�
!3]���n$(W�[�Y3\K�5�������#��%�"��@j�?ά��S�`&�k����ӓ�o��HWOϔ�*��W�!D^��;�cѐ�ޖ��������3���5~Lq�@q&lr�v�+hT���tz9����&#Ea狩9�q�	L����������c9�:G��kHq����"�9�챚5�ܟ���o�I�N3�K��8;�}�>Xf�P�bHVN2i9ɢ��M����aM��&�j��I)�(WbQ�>p�ܵh��%k��#˕��T6�eP�^#q�ʜ�ȟ>o���׎m�ϖ�<�:�Wޔ�pA<��Sb5�Q���~���~�u��j$_"����śZFW�̸Bf��CV�{}��4�w�\����C���|c��X�5i,ol`u0�Ѓ�#a�r�ZսZ:�]�Inā1f)�Ĩ�X���A��v��9h%w����b��gW)�v<@R+���/�����vz���s�펧��!�'�<�2#�X�����:w�R"z)x"����S��^b��/p��o}Ѧ˩R(�P��8=*G[T]�Qje���|�����[��ah&�u"�����wr����x�ή��'-�6gXnTm���b��Us����HZx~<�� ���C(I�ۺ�$�4M6I�-�34,E���듏��1�s[�U���)����z����/� h�;�Q蕂��u�h�����P�bF`m�U�E|a!R����^����
&S�$�ɔ>Հ0+�����~R<�NFX�A�L�|���P_W�F(�ͦP�*oc����4��&��f^�7�?�~를��h�vo�zV�GG��&���[:o�xA'x	:,rQT���t�K2��?��U'U�$~��w 9�Z\������(�����)��ʙ7o���%����	�q?�t'Y�^L���������ϲ��	�h��Cmã&/�L�u��U��
����]rp Z�w��w�}�X�*��e^S8��-��˫�i������ae&��XF�}��k�JZ6V.���u���A�.�Id�amTTo&�q��phsR5gv�(�8ۭ�-�-���At���ư
�\V�F���U�E���X;VH���X4��rUY�S�h7��1���,w���n�
Tz����d����]fU�QT��� ����#?�-(����ОL���� ����m�x���l���Ř��$���(�M���Ur�=f^���jz�9�~����~�fTk�2U~��T���m̭�ulC�3�%���K���t��á2�-��25�B�Z���1��Ӂ����IaL�=m<��L��F� L�Lf���w����w5S�Y8 �'D��(/9+-y��+���B�{04�e�7A��%"LZ�4]I�*�w�/�D��ħ�=y�tUe��9F���i��lRS�G�D�4$JĔ N���S�A=n���NTT}^���5�͞H8,U%�)
Q��.��*�vy}<p���IfS�v6?����!#_{{��-���_�3~�j��.�u�ڂ���Q�"�O����e|�
|�
I)�&ߪ*� _�:w���d�������b#a�_l6;���l#{�
��e��W]4�|�AN�<�� ���L��"��dF�'@����v�A����G@�P�V�f<�s���掌vp]/���b�ʊ��}[�o_�lM���}e�?����%jv�٣L��R�1���C�Q���I�Ѧ��3#����V���߉e�p���+��e�
i��l7�,��^���i�u6��zܡk^����b�1i���*C��8A���a&�iĔ�JX�l��12�¡P�F�k�F�V�QY̜�\3��6���t�d�Hu�F�T�l�,�-k,[K;�h��}$%il�y�F��L\�Z��Br)9]5����ն[m�l�mU9g���f[���DE�����;(��0li������E9ޏ��>��U�y�/�N��"�K�S��P�ا��@�N��k�Rv��P�ϿܕSՅ���,B뢓�i���Ѯ+j�DOɡŢ��2Kϵ^V�M��}�.���=.��ѳm~\m;�l�I����K���*��&��X�Y'Ӽ3�W{��-6/���[o�&ܣ����g���zB8�u+�*3e�F��Z��I2ݨ�,Y�4�F+�������JF
�md �����|�H�����IV��32q�$�#�/{֩, t��((<A�`��E�ϙw9L�kßwf�����8X��5�O:u�=S�]�����E�W�_��rj�q��Ǜ�+?>�����:y�&��}�������{���f$���Q�w�?���?�l�j\N8�Rg���Q��N��?F��kl��E� ��j!Әl`���# �lrL���� v�J�E�HU��e2��B�V��� I�3��Z{KC2svʼߴƆm��Q&?o)���d�d�l+Ze[�*�J�MrȢ�f�������r=�yLf��i92���y���{����tc-���i��y�.�"Qs�.L2w$Q�7���p�i�_����:��zL��X���-�?�u������vӬ���m����px�4�%L�]���_>c��+F��=QaT�C҈���m�[�o�w��c��נ���U�?9�rd�8��زq�$�VM��^~Y�������e۪��_y��p��jw�
"�,�Zc=�H~9L�������5)u;�]���H���'ݒJ"#�]��r";y�K;~� B5�ݢ�0�SR�s�,��,�f���r"9����H>��Q��,��JN�����:�[��yd��4HOW'�Ʈ��)9E�H�\a�%�C�.ӊ,�SFq��� �r�,e̿0jB��'S5�gϻp`V�'����`E��8~s����|��O�ٛ�����M[��v�m�����k�j�ٍ������0^zz�g��w�a�f3�spÛdU�A~�1�*�fi���Es�а�!���j�-�-Kܭؑ�S~�~��DҸK�_I)<6ϦMG++�Y'h5�Zи,N�!ڪd��b1�-{	y�T�U�����VKvE���
sU�b�+�4z�@%�N7���쀒P�WW��A�P�63Iq�K���� Q4Kg����0����ב5ˉ���R�Z1�Z�?�V֘��H~6s�/�������	7�#?����PI�Mً2r�G۶���K�,@+�Eo�����(�J3ق}�D1=�a���\�w�!�2�?��:@�p�}�җ��tM�����ʕ�
��f��+w�T�0�5
�%t��DR��6�}O(,�>Q��ʝ�6o����?fƃ��I��Wܘ���������3��W�V�WV�kk���?`�c�\�I�M�
LOܠZ��.�Ius�͉��;�;����B�h�����H�N�ǵG�'���Tg�kK^������R(,v�� �~]RaH蒌2&�n�Ա���7������$B(7���Lq|ܤ~ڟN��4<��(�7��7���@��!E�ӝ!����T�1�&@\}�O��d��5j#�-O��D�.$�:xI�tע�}~ei Ov�tt��N���y�
�7:�����W	��uX^Ab/n��	�y#Ym_���̽Ȼ�Q�no�W����r�-k7�R�]�I�����7��Bo�=��"����7���s_[��}]��;�������#W������K&m{U����,4���v,5`u��G����ն�a��V��*��ǥ MdO&�M���Ǥ�ȇ�7R����
���*�F����|�;Z%�n^ֹ��ģv�֖,�
ÈR�M*�s�7Mr��t���r,+�^��8\�ծ��}d5	�=(�5$�z�ω�x��$���D�ɞu����<h27����|K�1w�l���z�4�W�'�KN�6���Ob�]<��I�8���Y��$�?�+ż�9!�2��Y-]��v�h\#ʅT9v^��։�0;�p�Ȇ�aϹ�ϕE*�a�q�m�osב�y�C���R��B�b�.o�'w�k�tGl�v�o�n}�Q%U���w��<�(����~��F�*�
\�q�򄥼<�Š�b1�,n��6E���1dM��X��M�]����&yׁ1�6I�Q&�7a�Qz�@g�Ν5�2�b��'�R2U����q��j��n�C�`�/�h)Q�$���� �����5�UJ-Θ1���$������B����zJΏ�dD�=�*B=ZO�����c-�G3qh��%������M.M��k�>Ͱ�*�W}��k?iT��=م�0%�^�Iu˞�������S�C�)p����w�n���qz*\��HA|�,�yIBR��*�ʭ(�F��L��>��ά?�3�4�`�f������1�~�o��z���񨑆�6(��R�5��-_�&{ɥTQ^�����
+�������:oD�������ۻK&�.���TT qd�];���_8L7� ����F%|r�rX���v���_t��[��g:ɺ�R����"d������x��Qc�����8�UJ)����j���Y�I��?�*���*�-��櫚�Ԕ]3��Y�E���F-�W])��]������{9�2۬s�Po.J���3�Տ��7H���+o!y.��dTT`�1�z���H*t��leOHcȐk�'X�Ӣ֐�Kp�'k45$K(uhj�<`!���q~CX�`�le*��&��##őё�i�i�e��f�f�C�,w�[����H�H?�m�7VЍbc�1B7���:�H�)�'�O�h��g�,z�`�UX��o�V�M��Yx%VJC$�����&�d2��z���%����z�.X��TV��:��P:=��V��˿ƗРh$b�Z,*���$>Z�u��<D��vz|Krc����R)�8�4βy	��U��R�_�B���j���]��*��W�l1k%��zNz�8��9Ӌ���ȗV��!j#�k*1����9�B~RP4��(��f����M�5��f�P�Px�i��
k.8j*}f@(�K���kF���wM_�5��\�7�+G�����}}NI��������6j��^O�=��!���g��,�Yܽ�|�b#�*�61�3{�a��<Y�VͪT*[���!�e�!�Wr�39@�v�����X,ZVF�H�`�jj�X��UW���6^0$kRB�H�v얮�6
H��}��(�eB"[�����,k�4�� �/c�Ѡ��@�u5eN��cU}%8%gJ$�wSb26�>1`Ы�PN`���	��p����o�ܠ_Y4�m��O�W��_xAɫr��^����|R<�T'{��^d
c���J>8	4����N?�#=�n�K�E�������������G��C4]_kF�ܮK/�M�~���G3�v������S����9�tL�˪���vG?i}���]��z�h<��R<�p�R���5��pX�Km�[��c�O�A�cb��U��V��D~�xe<�J�$syH/��:l���V�U��A�3@�V�V�V�V�a'�I��w*v*w�T���������4�a�U���*q�W��jiK*���s�&���;I�W��2��q���eBLV2�A�#B4`�#�b���-.D7`�������N#��pkN���L1�Eg,
���T��v��<g|S䊱A/���%.P�@�R�y�}K�*�F�0�$��̙r�rN�Ӷ�A�%{%�\�e���%�ْ���;(��q|�!j���0t,�B^�n�^����5ޣj����I����v!2B���v�'aCKn���D���N��<��ꖨM >Pq��Bm��Ui�_��rԛ\���D�(Ye���J�M�!�|
b�v)h���-��ߥ~Bݦ~�l|�c�R"Y0�e�q��U	���`��$�ZGѴW��h�:-��t� �4��LR�Qx�CHM�:��|@Z\���q�(b�Y�p�P%B��Mk�P�������=�1�n��yt�('�dUѕ˖��oXy���9��&�`˓6����D1��E�g4��{V�g���O��f^�byJ5�![dIDPK?s��`�-�Ȣs��7�����ԞuU�p]a��|�1�D��l�%�ʕ�wǨ.�:�q�Sm�8�TP%/Ȅî��TL��:d��X^�U�W�%�\%Ű��b��f�b�l]L�L���ک�V�y�a������5໩bjV�8���X*FtƇ�3��|����\|x�Ñ-����6���7���~f��@G��[�˂�,��J�����b��ߗ����,*_�B屋Ey����O�·��Q�q�А�������l�+{���0s_��ZcN��g�Ɨ�"Ta�L�+�bJ��ݱ�5��f�;kMU��h*j�sk8
q���!t�!%V�P8�	�jj3�"��d��)�x9`<�|�'�����{�I����Az�(ms(b� �u�W]�.��b��𕅝�CW�b������(PN��
�UЧ��#�=�N���&�۬S9��j��Bgـ����,o��A�G�x��£�G��}윮5�� ���0����K�Re�����4��o�Ϡ�p2E�	0��g��c�[�f3"��.�o]r`) �BT;^�B#���`]�*�v�x��@��&��9�Ҏ�>����Q���o��2�`��\�mvy�)<�����_п�7����Iί�]�ו߅�u�Q~o����eo Eu��S�zߪ��}������险�W`���MDW�wADqq%Q\g �H"�K�Kcn�Mb4�ƹ&��ī���Tu�����է��TW��=���1��X���)�S5T.�禔^KV���3j�<�����XԔ�J�*9K����?�h�Ll s�J�)��Lt�1^���.NB~�H�]Ơ�h�Jg�cܩkI�P�SY����j��5�h
#~�J�y#��"�V��� #cL�>�j��P����э�<8���8xo�`(��<�����A9jsF֘�׾1�)V�S>6>+L�����Z��\97��RS��_�!(��e�,Q����q�"с_LLy�1�����#Ѣ���
���dN��o��R�`��Z��]��W�ً��g�|���	�����D��d$�`�������Wa��V���]��o��\�TC���{�c1���u��k^�y����F��\ϊ��K6�oC[&-V���q,6��$��տ��fÚ��5s�����������yd�����T�~(��6(�C�l6X :j��E6)1;n�hEx���f�v��3lJ�3�*�B5�O _5�Tj�J����yO���NY�
�*V�����H�x�-yWB�$Pr��U<�X�*��h��B��Y��y�J���c��TQ!U	6�XU@^�\/W&LUwjbS��h�	L_c�`<<��r�$|�R��t�����U�v��2%�W�E��P��B����붕��y�{1�ǰ	c,r�����\�<2m��qa߽�=^���(�n0ZU:I��Y#�ݽd�.�XV�}���0Tq]�xR��G�a,�7�fX5���ۨ;=[B����]�~�������!WX|knm�� ��7n�iy]ؘ�/�z�����x�Tm	�~�$@rlLK��SżE ���2KH�(�jQ���h�ʥ�T�(� �9��O-�A�2�bz��1�K�c���"�%�/ã���dʤ��}�c�>\<�gN���(Y1�b�x�.�R�d��(����+N��Y3%��Y���z���{�Cϝ���#��&%�;���sŅ3X��uW>v�C0|xq[s�v��	�¨6l���W\=�"<���������ܣ'4x-�&�r|(�\1#'
s&�Qp�u��6��ɭ���Պ�����ˌ��賷y�\����8/y{�~���a�>p��2�Y�\ ��w*͸����oj��&���_�Y��k�P�H��%��\0�L�f�u�t�V��HO��Z�K4���:�[�/��p̙�ʭ0��
}1�3���x�E���y�g���V9��r����`N����S�]@��)�@��G0��9���9`�/i�~>^	/W�;�T�s�Y�zV_��~��U�I���/��5Ɯ>���LL_���Vie��ïS�uǫ����&������#���Nb�i�_�d9�@�-׮��t�Yޞ��7��s�������޴273x�B��=l�֗���y[r^�ۿ�p�S�S��/�6�/������_��Y3/^�La�Q��&/�f���� T�F�ڷ� (s9��s�RFJ醤�eTX4��=�^i��G�X����I?A?���G�5�2�]�"��-R�T&����[m�Tެ�9l)��>�N"
)� +b�^�,kV��T�9<�E���K����7�Q��_NA"0*#���(-Y��t�2LX��8!0Z9q,�K	)e�fr>�KaG&
Q}u=��X�1A=�ئNK�_�s��Ɖ_�{_	�v�YѶ��ˎ�7�iS�f��pC�g��Ƌ.]�6<?�qh����U��3��%I$��܅N��W�l�o�%Z�����Z��ʶ�����AEm��2���x�wr&|��f2���Pe+l��Cӝ���������qݮ&0�l~���@%A��$�[�����y���Q�m��O���P�\!>�m���~UO~����#r1�f�KTy��Q�(�1i=���.��!��Ue���������Íߡ�`W���%���Ǐ���.b���S:�*F���/BDNΆ��ޢ��⊆�7���C>:��_1q��b�ć*@��s|��
DB��W/|���	����;�^��w]o��K�����-`d$2}lY�G���꡶�xc��ɞ�%I�+d��,-��Y[m+����o��-aw�k2���H����蟩�����kچ�g$|i��II�y8;���xj��rC��hP���m\��~�����_ҽ�<�o���0k�70���_��h\�}���>����n��������c���\�u����o�贆*EK��\�G郻��k��As�4��de��6�Z����#LzA��h6�;��&ߋ���o�x����N���O	��)w-��.�zOc9dr�h"�)b+&�~�����_UK����L�a�hei�0�V`��.Aw: +�ڕ����Cχ��1�w�����&k�����L݆O����1����7����w��'f���\ڞ��#\��*��w�[�kQ��\ꖕ+�8�5x��`&�9��fc#N}�?^�3n_��#�{Ϭ%�4��G'�\��k>oF�ˤ�XS��0E��A��\��ȓ�Z�Zv�smh�l�sSpSH:.RCY�d���a4��!י\Φs3�/A�$J���6�ln��+�4$I_-I��f��>�%�a���JI�]��1e�F��8��r?K�*%k&!����b��/���t���	�����k�����-��E`m���%>�x�M� :�)�����Ψ�;��*E�K��cˑ��no�@��|r����^}�}�*��ݑ�F�*��V��`=*�R��?��H��od�
�6���nX��|��,G�c�|G���{}1�.`m�:u��ۖ�G�j�*>S���&�_w��fSt��W]Co��\k�Q�����J�L@"�υ�u���BV�t���VB���H�gQ8���P���%���*%a�FѸ����)�Ѱ�ɰ[Mx@hd�!e	v�����Y�sr�,ob+4
NGx�|�M'�rgz�)�v�������uF�W�v�,PaN�$;��Si��Iŗw��}�TF��i� ������e�U�rJC���<�G�|=�ɳ�����oN�f����h����E�'z�Ƙ/�:�t4G2���.��Sd*d�����j��$��U�ٚ@`><��n�+���*wQ�"#�4��!]-�a2��ɶ_rUv�jY`qpqhgZd��tgpQ8�NO�G)Q��i�+4AS��g4ܮ@M8`�X��Q4�A�BZP�,���`bV{����`-�,���&�j�����ĎL�"O��cd���8^QS^�n~*�E�J|����n�g�Xa�$(0��i�')�V7ʓ����Z�v�t5���ٗ'>��<*��"2Vѭ�W|}�_�/�])�Fo�+$"�^�0�Jsay����&���:x�K+��|�Si2YΘ�rLV��+�
�r�U�4#�g[�]�|��,AkU"a�$��"��a�@���� (�a�W��PK��'*��|>�Y��@ �h�7�x����ҡpHN�J�N���"��+�J����O�f�?h������&�R�6d�jC0��A,�ⷩï3D"1�R	˝��!�"aT֬s��2�����C)<�a
�<:V��Hŗ+"�H%�7RY���,/d#�L���^�Ǔ�S�����ɉ��'x���O�����))��K��f�m�i�D�C �$�@^!5\%�R�9/8��@Rq���E� � Lv�˖�+�Z�A���}
xP�I�E��&wN�7h�L��+�Q6<�e�n8`|l-&�����d�<�C�~�@ύ�����e�O#�������,z�[�ϬALw��3�#\�@pAg��sퟻ�di�[�Vp�Y
Z��4.
�ӎ|>gr��ΨQ�a��9[q��<���)Q@t��=�+�FN��X�S~��Y-�@��U��E���Ң#ѥ��Q�$\�����_%*�؄�k,���,��j4�u�)���ԉS�?�&!��]���
y��|�P��}U|�/�-�����Z�j�y��f5f�un���l
����62�u[6���/C�^�5�$<�3�������b�{uC�+���4�F���Y�_mZߠ�`���������}zD�HnO�w�~����4����b��g;��<�p�p�'pqnU��4w̙�����x�]�ߘ����㪞'��0�Cݩy��y�C�~���礇f UA{[U������F":$��I���
��fCcc3�C=��~CooP��ӃI�<2o�͍���w���YC ]"��p����o#T�De]Z�/`�O�FΗm�l�̥��q����7��@��??�d����/�.��7��4�O96��\��y/�k�a�^62�,�6�����ӧ'F��O�����x6fz|��&����e�N�i؀PL���a�iU�k+�x��>\�H4y���i� ��!�`+L�׫�>׉�rg3�It��X?�[�_�t��7��aA��S���՛4-[�-Զ��O�;{0٨[痉�rK��c�aQЗ�,vQH��DS[��|`���x��2���6K�.U�m)7�um����,ÚM-m����j�D�1��զ}�{`�J=�:ձ>~�3j�|��j�W֗?���|J�rBxw|���[�~��]a�)�Q�=[2G6�9۽nJlq�=>B	*��%��!Z$[�\�慍5NA�Ϗ�ή�us���%�� i �C���X���d����+�0��x�*n$��B� �$k+Q�Ʋ'D����.�O��G�(����$.l�q�Fb1��8�$�@b3&N�:���/$<y����eΑC�1�h�F�}���[��N�:<ώ�z�Kj[��L�Ͷ�F�
�@�{�ɪ���N�j�?��Y�ΠO�<d_j�/,/�e�zUt���|(L_	��,�Ļ�ϻ�ij�(k��b?�7������V)%Cb9zJ���1ۘn��=�x�y�r�~�y�~��i�$�/X��������z�\���$�~Za J;�ds�PF��={�d���X�jr9ě ����,�j�����|4"��M��U��D]/��	F�)K%�N$mUtr��X�:4��|�-�?m�ܲ�➝�X�{�?�Y��?|��;w��s/t�\P^�޲��I�,��ý�#�\�<x�r��y�*Q����]ƞ�<�E�+��υK_�����۽��|5J�����5�j50Yٴɨ6���N[	~�S��i���� �T	��y��5�]�Ox�/W�4Vh�# ��#�F �:���y�_pFwV¹���IfI.�<&9&I��F̑��|���]���'�3����#��,uV�J��/ϟRő��'s���fm�N5
x�|��V!��_����z��+I�,D��U	�?+��(�fT�a�7;/�?<|}�������5���rD>��d]nGf]���ڕsZ{k���m�d�F���7������t�h��攄&�}���~t��y��Gd����h{@�Ǣ���M����G07%�e����gt�{��
=�؟<R�
�N���$����C�O4�� J��\= `��a�"-�A�=������cN&��G�f�~]���0���(�
�Lͤ�����w�0^8�י���<�e� >\�#�:Rpn+�f�k�f2�f̶��ho^�fX&-�=?U�0V�L��|:��!�7��g}��q�>��d�߳j�`�A��[��֌���U>lb�Zy�#?��qn�e��Wy���KXW��������M3�܃�|u�L�*yW��K���g�?��8�f�s�'�9�%G�gv��턗��EЄ�7��Z)�z�1�CKeK�s"Ϣ�4Ϛ���n���-�C4�t� ���g8�3 epS.
zR$*��y�J�Wr�����q��a��I�8�,��8�w���I7�$�ws�����gݜ^|����ݑn�{ݯ��s�>��17[;`� f���<�s�g�$ax�e�����^՗B"k�h�թ�;�ժ�2�������]�	z�	�CS�B��f�΋:�b�C����؀f7��0vuG(�VL8]z�T�����6�����dmR�ddįeKRĽ��p�ZY��i�*h�Ya�B��§y�l��p��K���� -�#K	���	3�p��
j+8I��,�Iu�=�G��q�s��Ǥ��.�V�	3��g��O����<f>f������B����d��S��Lbzw��OM��3����f�4US�����L�X�$U�~��L��) Z5���Qs����,��l�) ^��0c���R�U�Rs�-���6v�=���ܪǽ�$�x��y�ao��5��n��������F����@��Q��r��S�ϩ��h�m+�"�� ����pS7��D9�Zi�Dv�Z��Yd���IM���1
��
̚�LL�-&W�bb�^r!��h��(�lU�H��ԙ�\>s����2񒫋��Α\y��D$U���D�m��(T����1�uJH��{����XT,B� Y "yi���#Ԇ2�ܣ����QX"�!ϒ9�x��;��ݻ������ɱev��gXi��>X�]J���W�O��x���-҂�@�5�5s�kL�M���c��K�m\#C�ƹ`��@�Hy<�_����`xY���/L�K�Ţ^&��+�3����)YWW�c�"�\��A�/��
��	s�E=#�*[���g+>��<��3[2zΘu����w���Ez,rʺ��K�d��Kg�a�xd�����P�3|�Y|�L����!��Ifc�,~���7��F�6��i�Da��e� �� ��_�h�#L�b�Y띰��<�'��Sh��u�ic6�ycE�k�GN|L� :k���;�s�g�$��?��&PN��!�Br�ׅ�*��ُ�Or�n���s���r�Txi�b��y��V�|�V�N�Z�^����}�,�>W���^jSj��MW��R�ܝ��n��ٶ?��d&��L����}ŵ�a�c�aN�uv�Z�ѿ��{���B^(�ɡR���%��c:g��[�ҥt-:����+����̄��E�<�����Ϙ)��3o6�0�k��a�V7��=���lKp0�,�z���|d7�
Ɍ[�~��"x/�?>˽ٽ��&�#�\�}<T��p�O�	��O1|t'os��D'���1����EP�}�W豂6���U^��xb��ަ���3�b�#u�(�X�?j�Q�<`)X����o��#3���we�N��#����K�����ڰ�NV���^���	f��FI�2%roH�j^`�^d]��*�S���Ƕ̶$�ζֵ:�t�@L��-W�`�J�-�M	A����)��K���5zB3�n������m6�Ŭ�-��[�jw)R�R]��&�C��~l�j���
>����ܶ��/�S�J�E?���[C�] ɳ��d.c�<ٴ��ϲ#�<�q��0D��<������<@��V� �T�9Uх+Pm�hZ���e�K�hUƴy���6o�
� ����T�%�Ͱb|�0��d�/��Iob!Z��ª&9]oJ�#y�s����Z��%~��R�H@WQ'��#hˤ���S&��0�bMu���;�,�@������͊���)��K�#�ƫx�݂ǿJ�T�U� I4�f0A?�A§o�<	��<�nӋ-L^�{��r�I�[�̧���!�b�R�h��k.ra���Z]a�s�Q�yj�m[�N -a�]Ƃ\$��P2T�QK�g�^�^�{RE��<��c֛}tXN5s���fΑmn�v�8�ݪU���Sk�.AJ������4B�7�u�p|�sz��� �+w���H&��Ⱦx��pz��4$.Ӓ�	A�x�����.��wa���i�~#͞��s�V��^�Wl��v/mʇ=���������f���:іL���-��<�	�-2ƞ�U�M�鮚o	�H��3k��'�f�����n�Q~2���]�6<�P�-~�֘Y��j�X�,����p��:A���#���6l[mCtM:�9bNk�UK�S�D,l�I=5"����'e��ֆ 񟌅�O	��k��B��h]ZJV^�Ҹ�}��f��ٗX�f��b{���Ö���e����|�������~z�c1q�Q�X��5hV���]���jP!��*i�a��	��-���Z�-̧o �cx����#�C��.&ٳkP$��sU�J��e�ת���ϮQ�Ս��?޼���_=poƕjTR�T$k�{�'�mƜm)\t_�г{��YnF�P��<��^n���N�B�L����޾󛩍{:���Bh���u�ҙ�s:o!�$K9�7��C|�?㢞l�z�K��>D���qԈzU�U����*�G�G�4�8RU�Jf0�n�!2�3q,�N� Rȉ#.��
~��7�h��=2���mH�
��IV��ϰ�n�T�?ӧ*��E|�-��$��uȥ�g�r���>N-+Q��d���  rI�Tp6w�E;�d�;9+N���t���O&y���ϛ)����3�^��8:��!��f�4U6LM����j�_�y7ک����W���=W��̀8��qF�!���=F��t* �l̾�M��V5���WR�-���A4j�L3���_�{"q�C>*w�$���ʱ[tP��f3:���-+,WZ�ѤWAO9z���n��zaL .8��%�b�z��^���>>&����Ӎ�zvL~��/��d�;E$6LOiY��G|�H��u�c<�BZ[��(��0B�t�C0�'�n��+n��Ȃ�ʕ�9̺�#��6i�_�oŪ���>�����<�DQ��LA�{��}ֵ����O�b;�/(���un���.p����u�+$�D������Iz*��� Д^�Ӟm�gI�CpW�]ԗ�� ��Y$Ȅ~Ġa�ŖMt;��rsn�9���Tz8p�Y����@�����>�}r�}5
��R�JD��w>w�i>���h����98X_�+v�����7�J���۽p�r�}.s��~t���)�ا{ⲕ�_W;2Y��t����,D]��NG ��HO��vz��Y0|�f��X��ӭ*��rf��D̦p?O�d�3��4��$U֒WZT{U�j��D��� LS'Hf���O@jr��7�W;nZ�n��9�0�":���]�\��[����;�ē��Pg�
�ɛv�q�ϻ�n���gΐ\D�E◨  ��l��
`!�%A6����a�E��h,��=�/Ň�����A�D1)w�J��j]�" p�j@�%�%��~����d)���� 0�Cؠ-��w�'a�� ~�SB"ǵ�|���� I\�/&�σ�B?0f��~��/{�SG���wx?��������W �w�S��T~�@���j���<
�C����b9%�pgO���{�<�G�p�|��7aS��A� ��O{~C!*I���!����b���{/������>�������9��ԯ��/���s�l�~= �~����o/��B�[B��-/~뎿��O���<�(w;lOu��(�6u�п�[�5uχ�[y8~'Wex�&�a�<L���X�N�9�]�L�*3)(�9�Ϥ��L<���"!qbpו��Gt���9m�f��� �R�aPW:s� iK�m!�����p����q\ψ����o=�{|��_S�ߔ�����9���s�;�/��-��z@��Hk�ߪ��V��f�������V�W�����"~���ۗ�q�Y��|b�s� }�_��/|[�{�?˷������s���+���7'��:�wl�@��4�$��}o��[5��ġ(�^���o�o?��M�>pشZ�������?��s։���e���l�e��/��9�։@C#>���г㒝�Gh��i���ky��ҙw������z|KNk9Q�X:s?�-�j��;�(�=�	l�̯�Q���?_��S�cm�5'�}{,��o��J���od���̵Oo:�.�G�	����r0'^ �QsE�J$��� Z�`i(��9K$�T�f����܀އ> ��w#5G�lL]�p�+��>��}��<^<�����B60��\�	�z%G\�X���CC��鴡J"��Y�"�e�r���L	���uH�����{)�g��m�;Hx,���P��UO�\�`�Jw�[�K�W�h������QP��-�1���o`��nm�t�a���9j?��L ���c�����|Yu��rĲw>B�I�>{m#'?�>��4�e�u��@oJ�� @ƫ0�v���*Y	���#����$�It��#�=���q����o�馑%7�$ZCNܰ��\r~󒑛�{�/ߎ���)�	�ޯ�SS9P�F)���E4�V��b����D*�H�R�i�����<�Ĭ=A��%xt�UG�dF���J�_#��v�Bb1R�Ds8�C��.U�纥& �A�2�YD鰊�����۾N=csO�I:g�e8�2�e��"b*�:�8J|$5ST?^$�ǏWLN�������'��[[/�W�Lh΂��-\�a+l��5W\��9�	12U���ww�G>^�?����k�+�{�y��7������b_�it
9���St�)�ʎ����zދ�����Z�*�r����bm�_���̓�� �+s/�/�.W���W�y�(�2&j(ho t��ŀ��uD��&�V����[����i#��FDj��U�hn)�=�V>OۙgY��m�j�Q����`�ڻ�#޻a�D���g�p_泖Ik�8Y��F�]Μ�d%���	R���LV��l��<lN﫯ӝ]�|�c���S9��jK���C��+��w<�����U�ũl��\M�5��h���m�{���������RQ]�	GJjZ=��'�N���D������9mm���Z����\��%R��^����[����a�~g4�3_����ՠ��s���_D(�T�H�S�����o��Ll��Cmy@�!�v���� ���z�y(���K�3�?�O
ٻ���M�L�s ���Љ<�,�G��,T�'F���;r��)&>�E!����iY��ܱ�s��V���d�Rn.ub��Z���zj[��T�eľce������[�E-��B�Lt-�=�O��|�E���a���R���v?prk�ˮo��nZ4��K[�Gw�.��}Ǐv.��ҭB�͋;�_�ݻ�_~�oA��?.hZ0��Q�,�=��b�a ��ƀӿ!�+�SFƙ��Þ�qQ|(T�J.x�/�g�B|��o��^�j��U�vދ#9�t��r"�u�JNM��X,AJ���%%�7T��R� ��%�kҤĄ[\B�`Ρ���d�J�8����\���G�x���~1:�/�I��X����M��	�����h��]+|7�\d��F��5�^:��u뺖_P`���_c�|����sLs(V��o*̡�*�"�E���ቶ-REZ�
q,�u;�5�?8��>J�N�JUq��$mo8�Z�-b
�$��E�����������ۨ���a�v�l�<8����)!۪Ȣp�����"�[��EU���
���=529)�>����q�U('!�pL ����%�v�<X�����0Gb	��vP	��7SS9ӝT%��T��(�SG67.M8�_��W]�H�Q'�V��R&���g{Ǫ����蚥m׬\�~�����|��u��Dc_�|��绺��/(�\[���T��)/qG]z5�H��$�}�2��>{~�CW\�`�c��>ㆉ{��jȅ��Wc�Y���y�@���r�{��"��60 Y.��:����3���o�(*�k����ާ�χ��y5�jX	��M��pK�����+A�Aoӆ6�;�O��D�Q� m�P8\�Or9�r%�J�Ba�_��f���}O�=�T��4L��� s�T6�e����Ȣ@ұ���%�8V�9Jј��5C��	d��֘I)��2cf	~0����QfL�&(>�DoV���1!̐�	����S�Zާf�x�XO������JӕTl~��w����M��b�g�A��JFO��:g������F�q8��W�/�J�_}�{������w���_(�h�}x�=���'A��[*8 N���I�e$	$&���0�0�]�Jy��R���G��a8�O>���{��3�����<2p���A֠D�������&f��S����ɡ��u�ݟ>Z��\�S�/��Y^Kѭ�A��:k�[[����P2�L.Q'=I�n�9�3��D��GBn��l����B̑=�9�<H3i*}r��Μϛ�A`�$��J����ѻ��XSBz�h�-���r9������?\z�0������
b��N��&Gm>5��S��B�-u��3�i�������P�z��ERI4��;���;h�����Ϻ9�#��]o\���������M3-JƤ��1r����ʎ|l���'�п��cP��J�v��9��� �WX��5ul���\��n���f9�cgQ����rvSjkJ�5�%'��W'.I��'W�Q��/>�D|=ˬ��IR�ҙ�ƒs��?9���&�!o�;Mm�|�w��|�w�����w���wrA_��C^�;M�C^�;M�C>�%�p�-i�;nas��E/`�?�^x3��D2�%�\��hp���J�X"���� Q%��4���6;�h���╶6h� � �I��X�:�D�T������&ہgL�m�?�p����E3���xS��XB��I�>ʴ�mT#|\�6x\{ɱd�A]9��=��/N�p�|t^��>�Y�,V$�ld�!4�w��E��_��I�˕�
xEn �Y��1��92x>�%�gF�L��0���dF��LZ<YLE���6 �Ǩ�����TV}PK�I�C(�1[G���+�wA�����7�l��K��Z(�lC@�-�o���o��?�B��;!�6� 8��9�����ű9TG�̓�ǩb �]���(��CS�~6���RvvDL~�!�	:6�|��Q���Z]!���>�HH�G�J���/0�3��q|1���<
 5��}z�w��+E���X��J�"�%*�n�הU�����t �Bl����m�6��eY��F�����
B���1aSH� �F����:ϴ�ԯ�͉xKs�d��i�"^9�%n���7�_���!��
oW"%���J$edJ��ȕH���(-#SQ:�XE�U�A��D`D��1#r��*���ˍh�+� @�g4��#*�(vcN��|aƓ�LGs������$T@�4��j�z�J=F����G�P�~:�xKy�*?���f��|��=���j)�䟗���LNP���x����S�N�������&����`w��S1_�Rq��V�����Ǟ��S��Pu�}����L�L���v[��>R8܍���������M̪B]W�V���m��"����e2��9�ٹ����`SOC�yEGS<��~/�+�*���q:v��a1
�G/�n���7�z=���`0t� tj�ZmwO��+�:FG�цd'�zO��e�����P($I��;�e�Q��ǚf�iN56�f�3r�Ao�߫��b��e�wc����m���$�7����n�,��AHR��d�͘��ȴ��nF�j{�GТ�ɟy�6�q�_Fy �%��Q�6~D.��0�O�Y~I4 �ȣ�1DI12�*�3�/��3�7a�GF��1y�u�\�j%��"��x<��CZ��̨z�1�TQ�v�6xNh�y�*8�H���u��5p����_[�#y�@y�=3M�ZNQ^'o^���aƬ֪ѯ��2���v�]�/�6?����<�������r]+kº�mG�*��ϋ��0�Z��+��AcVʯ�xj�I�a�c�%e}g����>�n��LI��f`&z+����&Y�Aq��I�
�F̚�EbVX4&6��2��#����c�G�As��+8�Y��s}������������A�r�n����7�
k$�����<q�g�w{��Ta�@�%�RA�Z
,� Q�|S+�:"�R�SAL6�*��i�(I!r��J���|A�đ�"�%��J����F^�G�Y*���nNB��i�y�����FM���T<N�S�D��Y	�g XR��x�(�����n!@i,�Ud.Q����ϔ�����w7��F��[k5��u]Kϟuɛ{uh����zf�w����Z��އY�ˣ���k��e���^O"���|ٿ�����߻�s���}�\,ڈ^£u��\��'R/־X7K�Z�z��U
ZT@�J�pA��ͦ=(�|����=�fY��o3���\!+�f�$O��BVo�dK���K��BF�����y������}������ƌ��ЮLi�7���9�ys0�K�Sb�����F����4�t��4����g�Z�9jK���Ϳ�z�������ai��[��߻x��/��\5�]s��5w�5��7E=�{ß�2ћ~��K�y�����}�˻v뚑��nծ�n�;��n,���I�����89-��\��D�%��S("�_H��_�"49W�P�B��H�_��#���-�:3��\2�H�S �7��X ��bV�~5���G��'m�oUZ���+���f��e%�;�k6|b�kY3��t6�v�ό��/���{�_|�!�""@�:_��i_�/�����p�#��p�̎��h���F�!J$���
����P����!�vI�\.i�DC��k-�RȤ���4��TA��ۈ��i�5<��O�O�椬�ɉ�	�,��Γ
An��F�{����]���>t�w��W?���<��|u���ґo���#�Lza3�ͤ�Ֆ�I?�Ֆ�I?�g����|@�O�NU��r#�|�^(�����@4-�+W}$��T����[��Ј	�b�k�z���Vӿ(7�+������g�7 �0_R��q���~�a����]^�C�|�����v�f֠כk��M5J��I�	y�<�H�)���M
����.���z3��-��C8���o�C�r�ڑ�#��(C���l#f���v�Ԥ)�B�Ywb�����Y�������Yf����8�Y�el����
2�&��^f6�����2}c���Y}������7������1����O���)�{8U�V�,HN�)�w[�
;��O/�o�#���[�Y�<T3�W��*_�|G���:�@p+��]�2x�Xnr�ͮ�Փ��lЬ�˳��r�>��_��������P��`�#�7)
��)��4���Ѷ�f|:��,�B�\{u�O���+;��`*��9�M�G�j~q�hyE�ϵ���� �οU���7�1�ߢ�U-�nPmQ�����S#��4x )1'�>��D�,R �B��R�ZM|�L!'ޙ�NEZ|�a��Vk	�1���'�A��f|��& �(�� 
� �F[`}�F�J?Ո�J�����/�g�d�e*	T�g3�M����ГQX��S�ʈU묊��
�'�nP�)�(�^��N�,��{!����E���O�������;��v�ݨ�5F<Z���)Ԡ�2uy�\l\�D������-s��!�sт;�5�/s
#��׭�z̙˸=����C�m'ь`��J�K>�<�!(�yAQ/�F�l��c%��d`�a.����,��w#x�d�H_"B�n�ń�W&�z��)kTE_\�}yW*��� �#���+�~W�bŢ=�����V��1v����~���ݯ�l_0z�[c6E葑E/l^7o��'��G{�9k�ѻ���H���'�7<r��v'��i�q��k�'Y��}���]�m�m�~�i����^E�R^C�%��D�8��!A�)�ZeP�UJ��O�6 �Ѩw�c��_)�>�� �-<5j'4��}��V��p�[��P,�0ZY��� R��R��l�`�o1�Vh$��A�r�Hl}�F�$���1���jNg 9<��'<��'�${��ہ6�uL*�^�V��@��ݴY������3y]���M�&�T�䝨�k(�o	��x�:P~q�U���_���[��4K��īp���㪟4IK�:�����	�����~�$!_|�4��/֟4��N��F��햺Jh��@x�b�� ��Ze	��Y�~�$=@
�����dQ����� �l3�%Yg�#a�_������'�������¾��>r�'j���PO0�=W��PO �3�?��9�S�g�TB��`kE�$s�S1H�*��K9�Ti�l<j2�J?3O���D]�iK�{�~�\fM?���	�Se�m��'^E��n 7zv<����ӂg���3	�;��ӓg�*Ɨᚴ^?L�bPduF���_�o������FmK���ِ/�j��,�H��fe��B�Ak�ieJt���E����T�op�"��}�5���/W�wd9��μ��/1�C��.^L)>��$(�2e �;_��!��x�:��^�{u�n0|y'(:Ȳ�A���{ S̖˯@2 d�fMYkd�ln�ɺ�i+����ZP:Ģ�|�x0�o=���Pj�b,V�72d{'�~G ݉PO������6��gS��Q8=F���� �SvY��g���e�,�������tm��ϷE��ھ��b��7b��˫��B�So��\��ʰ��e�O��';T��-R���i�ǧpp�\��k�2d�#����j��^l19���B��h�ْ�!�P��{�������j��m�]�8=�������Ց�♍-_�U��跢X
�/΋4H��{/���I�/E����oJё�y�`J�)�.�36��*w�����H%��Ld(��V/&�c��U���͜�y�˥q��)7r[����Ԓɤ�V�R�Z��>sJ6�REYj���o�x�L`��߄�Zg�y%^i�VJ�����*3]����XP��'��,b�����C$�>H��|°�&�V��S^C��=��	�{��0�Ě�0՛3x'�tmj^��7޾��=i�-���;R��z���Ѓ���/�S��`yz���#�^�{�'Z�ę?���������)�
�"����p;��a�2�R�b���e�K�;W��ܕ{����y������|�z�|�z��`�˝��c��$��"~���{�S"�VM�U��Ew�`	��m~�����	�l�ƭ0��-�"D@e8�R�[��np���"ଯ��kc[kO�X�CnO��C{	a"�n�8�7��,]��RJaf4Fh��i�yB �=U	V��Z�	���%<��0�G�(A(蠚���rT߀���ps@�eX���]����b��_oR.�زȺ��K/����x����'����A���\�h����l������ц�F4�[:Oי>�g�s����9b'R��=W��5�m_�ͅ��i+g�SH{�`�Ă@��>2΢3��Oћx��@��q1%VPj�F�"��iu2	���Lb�����+�g9纖�._�B|����-�6�f���.��מؓ�']��^rp}/�a�]�ZM���Gt�إ��\�M)���Y�Oj&���i��	�U+(�-T�!%4�z �i��%6�A�Kʭ*<� �,Ji�ci�V�������XRU�e<�$�+)_�	K�Up��fި���v�/3}\}�8Mu���x�^qV�oay=��D%j���}?��s��w��6�6v�ݷ�e��M�C�{
�JL�!К�\�a=z3|�k,��	o����/���9������û�U��_&�mx���bZ�[�BI���|� ���'�?F��zc�a�����HH~m	vsRn�]W�u����7������}�̼��̛}��%3If&�e��$@HX�uXY4"�,*nT��"�-� �ź����k�Z�k�|[���m+���{o�m�߿8���-w;��s�=�sN��mo8�a�>{�:v����o�쏽�pB�p��0�/yY\�W!S�N��L��U
p��o�s�h.�����w��9-��T�|՝;>�r��ZO���P�5�Կ�֙-��W��v}��[Y�]��ªYm�?ۋW��)�!6��E-v����Q�bg9�d�t<�z�}��Q��eb�@B|�����d�X���@��+��>Yu��HZ�m=�7�V���@r��B���\m�oʄ5-����갥F��4l!]t]�DG�6�8��G��gf#--k��h2X��Ï���J@��~:���I�����[��"j7��O��Ğ�h��i<~�����\Y\���4ch?�D:H�:���HIJzA�	����h2"�Ѹ�$��,�(��Iʤ#!%��9�F6��Y��B~M�ZN՗}'e�����#��C�� ���rt�,����J�C:�W��9�CN�Z�I��f��v���$��J���h8�ǵ��\}��������(ٔj�i�ӫw:�Nm��&!�T{���T�?�}�+��.���*��$�i-~��dT���MU�$pL�ZG߫>�gi׮0V�
X1�}�q� ���o�8;�@�==����g����S#:�ԋJ�4�Ii�w�I�u̝�O�⃗)���#s6���$�@\z�V7ѷ_�BzݼUSgյ%�֐J�R�5���G��������lo��<.l���q[}
����?���+�4�C5~����ʔrͼ���N��M�1y��klK��>�)dR�'u=�7'�Pl �92��C�ֈ��Zy�8���p�ҏ~�Z��j����pE���Hf2��{���	���HDi�D�_����A�r
ēw�������@����SX����M��J�G�EaǮr�e)4⒋�W({��Ѣ���~�:f�.F5���%�[���[,y�_���e���x�s7c��kەΞ(+[P\��~ל��(��'���G}� �z�9�8{!WM@�M�i���]@��N8-AOJ)��@��\��������x���m��IX�+#
K�CRo��!zaOqMq,���?��q���ԡ/�OȇQ=�)�[��%�e�0�X�T��,����H��0AI
��Ke�$�B�
V�� ּ$���J�2 �A�,��I_$���/�$ь�[q�z!��`��\�/˔�F���k����K�+>wU���}x��ܪ�?�oɇ��b�~Z��m�6>/��Q�9�tLS����`9!�#�b��8u��a�RB���o��2��j�E#�w��U�=�(̗����iH�t�i�/|N[�G1V� �������,�J�H?�����[b>��i�C����懜N�V��=�A��~�C�u�|����Rv��V�Q]��Ï��I�5�hm%Z.=x���φ}�b�����v�Ox�C�P��Qs|$�L>>Ox�B��j>J'��8�\�C,���G9.��X���pTO���m�o��虠t�k�+e��V"=���h���>f*�#��4�s	\%��iy絰7qm�V�ܡە}�u|R�|�<�;�>�<�}�����*���5��-w����Ͷ���������������W� ��N�Ͻ�����ՠ��j�;*��D,'�-	U?�3N��%�L'YG��'W���ý �&���u-:�[wN7��%�x{eC%�DЃ.���U��u�t-�Z��y��O^�ٙQA���3���u,J3Wt�7�]��qr��7�Ya� �̟�;�Z�;'
2*�-se5���/I�����Hz�R)��@[�o+�G���FP[r#�DX$cJL�^�,�*�fSa�c+�����`f�b�����3�Ҧ����c=�����tc��7m���]+֎Y�X�p�o�¾����߽�^W���o�=��KK��Κ������E}�;��3fY�^�ɽ}9����T�����'��_�&��j��HW!�8��A����"i�6�[t-�N8>::5^	�����0��r�B�/��{�>�#�FW%i�NF�D�O/�� ��wmU׹�ud]��_��O���I�F�Q��CWI7��[�{8�gu���4�:=��⿬�B���ll�m�g!,ֶ6�4�+��]����
���ZJ"5�d�������,�Q�����;��s�4��+DoLb���3��(GN���&�-� @���]��֥O�Z�����<u�;��}���Ӝ��>�,[؞I�]���u74d�w_�EH^{3���_k��9��g��O�̿������̸��0��+̞>��}��-ϼw�s�/���p�� �7|��*1?a���'������N���V���@��V��ei;<� �ͷ�/RףY��`�4E��.ڪ:g$M��;�m�o]e%���!y`/A\(t�@�x�M�3aV�}�_�VD����7Ĝ ����/����d�D��F���K�W�I�J�m�q=����ҌR����foL����N�A-K�5�xKK�����-��l��,�p*S#���s�V?	Zu�& :��ơ���&u�&�"�:�D�7��Yv�k�?��cK���=��i���W�����$D�D�$4�ʢ�Ԭ�ϑ:��Ԭt�Fin��n����c�z�,Vknɾ�{9�'��ҁ�a�<��@3��W9�=�Z��~.N���g����n�p�d	YEIs�H�]���=y�N�A3��涚Y��t�E%B%�A���ϩ(^CF��4+�� �1/~���k��_v
�w\�/��HicH~�Ʉ�YS�T"��g�&P)4&j��O��I���*�D_���gTW<��gQ?E�c����P��$�󕫔��b=�	�r� [����jqIb���D�?�
�����-�
��~:E�R~?�)N�\���?H&Q�����p��i�KIb1�$()�ƌj��~�3�����ȧg�La2Y�/9��Ur2M;	�'�2��~IY�����-��Y��w�-�����p�=��
^? �j�Є�� |�8oU�zx{}�98.��.d���Ʌ���K�&�~�cb�
��S��Q���#3;�3��X&c;���I���f�H\>#7�!�1�y�9��V5lj �'|xmv8� ��g�N��KQ��p�0��Iq,��R+K'�"2k�G�H)�����Tt΅ĳf�"F/�n!��$h��P/�7V�7q���h�B~�9�&���H��q�Z�R���.8�S�vZh3e���)?)_�c$$��d�⑁�jY0|R��j|�:u�MV����.�E�On:l��ՆdZ�섳����xP��/cP�2�X'�Mi�o������sȡ[ �������f2���6��Hq̡���֤��l
�����m�~�������Xp�s�ʶ^ˆw?Q<h�g�M˔s�W,~��>-���񻮚D�/����?�FG�|�ኵYg`��G��,�__���n�5��ޡ/������U �W �ơd�3�$G��KͧRVd�B�X|vU쟼a�+�����(*��/!�KP�5�|�%% F���F0���x#%�����&���CE/���1@|���K5��O<2� 5���
��47�::\�g�O��L.{Po��GI���B���"���Q0E��a�K�v"�LU*��/Ϛ���['�;���@eߨ�v�>0���c/�(4�l��nB������H�`��c#G8M�Hr��1O�h��"�ʎ��'N�p`pNUr�����$˚Dja�ju8Z������t����&οM��j�#+��=5%S��=����J��'W3[����+���K_Y�ri���|�9ڳs~����r��j�1��3��&��l7H*t�f����q��W*�~��]�1�}2)-�����g�US�ޝ�&7D���!!S*4W��+F]hn2�5�+o����y�¿u�2���y���/F��&A=w��հ/
��O$�&/��"c�<�$���ToG�l=h5�s8�~'��=$���6�?Q���(=Ǎ�}tMq�'I��	�P��2��#&?�3����*!�l��~�(��_Q�
��Gj<�a���p��'�;8Y�/ �*�1�m&�d�&��q�H��c��Ki����̩d�F��};]�����d���!	0b�O*-���R��
aΈ,~(��N7�|H{�5��x��#p�
��)�����Њe��	9�?=i��E���#,�Й3�@~:������,a֜��X�Q��bm�ц��Ƨ��4��,ܵ�J�"�	筅ҟ�f�5�o��Vh4��֛�Bա�8��n���
9��s��_!:�!:�����$�D����<]Cd(PU7g����=s�4���O.�/�*��ʧ����c,��3[[gN��ϴ���1猙7���=�&�M;Fx������s��u�:�~��8���kR?��+ߗ�Q�a���-�C�]��W,��78C� ;(C$��A� �a"D�_�5<�t��n���6<?|h�j�?Y���K2bX�EF⥙���%f�p%�NߌօF�l���]�'7���	{葹��������#�D�|l���Zb��S�8�����SX���^��I��]���B�[�eZ���Z�4��d-��oi���x.4}]�p:*�ٽ�����{����^�!�#i4c����}$�����$��d�RU�U\�!�
P��j��!���4��A^�-)��]
��ڄ�2� �Zn��rM?�嶎Tr�����U�u\8�ߑJpP�J�������Q���V�(ҋ���l�$��2�*���V	��VI.v�U���F�)�(a��Q��a�D
6�%@�	X���@'�;����Ӽ
U�����G�o>k=���W=>��3�$uz�]We��M�M� c	9	hD��V��StW}>�\?JYY�A��1SR�s��͍���-��H���g������^{>�i��_r��~��K������Nt���]��1�����7�$����/Ni����J�!^L�L
��#��-��b�bkp�o�lK�#h)�(X��W1	�G�4,�;��v���k�a��^���{gP��s��϶��]�ʴD�kuc��=��&�^��;o�ǎ���u���k���ݱ���~��j��ks������˿�O?��������~r}�?����l��&oɴ��;Z|��#P	����s�������6��������&�i,��t��&76������%g����/�)�T��]y|5���x���U��fX�����Fb��e�m���6B��^�A���.�Պe�+�q7*�G�CPG+[�!;����Kq��a*��頺��6��F�D։�7Hm���v�?q���z���I����<��"��X���֥q�a������-���G�Q�|�����ĦҺ�f3nY`x�~�~�`*��s���|��?�C�?S#�y
=Ïkx\#P���3��߇G-rs:���=��a
�����~��vB]*�*qI������׉}E�G�C�	�w���J��޵���U��{^�o3�L��ÏPm�0�_�%(��4~��S�Ӯt2=?M�� �a���զ�P���Bw
�P�NR,=�w�l5s����8��2me'*LP>,)�4�CY�[�/�c@�^�H���X�'��7dX-ܭ�U��Z���Z�Bj�aiF�\�0P8=,9��t4#R�����N�I���S~BP����,����� ��:'(ᡖ�gBz�!���~b<N:���n>��̀�|)���]CFh��A�?��_��,��x⭷`���Dr=��9��h�S�B�Z�J�ʴ���#�蠮���WZL�ލz˼K�-�J:��&�`�؁����2^�)8h���q��5�@��-]6��!��AO�x�z�,=��uwY=x���N�Wӣ�{�#�|	`��-���>���D�T2^�z����+��������|z#� ]��zp' {�@R��H���2�R� �Q#�~_qLV/�(�<�.9M�0U���>��}l>9��lm�I���){�ܷ���	��ר��C|����u?�~?�׃�����*��:b1.�c��-�t�E<�k�(�wz�����nIE7 �nR���×_<o�%������p8��нr�ĉ�V��;;өα����W��ؽ��睩4���q�n88��9/��+"��2����B��u +�)��z��~�����P����Q� Ox����I���'ؓRU�Qx�\�Vϖ�����l���/�N���s{�J�x��l{U��S�hM��'I�K>�ǽK�JNq��&h���H>89IIѨ��I?\u@*D� �cT?a�/�GqH<Rw�1&���Y�o: {�Gv��
E���]D��8Pރ���?�,#��o�W��OÙ����S�H4'W��(PS&F&Q���55I�|�ӷ�_�TWx ����4Q���'�M�71�����r���;�2oj�y�M�㭎�I�]�����j1�MF�bYIZ�$����g���x	I�������T ��%҂L�)w"i[lœT��z�x��/��QE�G"��[D�)��q��R[�6�]��:"q�h���Y�x�z�#��P(�2�®ӡc��f��#s:]��f�;���
e���Po58���:t�-Ad?f�YQG�i�` ���J�g�.hW(|r�^.wX]j%t9eJ�Ze2�î�S�8��&�^G@��V��a%+3���܉��8~B��)�"����'���īf~+�0,�*_
���d�K�
G�����f��"TJQK���/�@dS�3���!�=��W��6�s�_�gх&@����v��is��I�P�f����zvu<�0�$���^���5�*N��f4��<��:C,��A0�Ma�0N��� ��m����XI��a%U��h��p�*8�V�����f��à�et�F�Na�F�F���U�&r��ȗ�P�#v��o[a=�N,y��ު�9���H�	�ߌ�����d�S���b�4�0��C�?�Q�bf�r�`���Ȁe7���pND<s /9����]v��u�4�'�l��\W?ky�V���6��w�^9eIѵ�aF�T��\=�޺b�
��"�w1!�󨆾�����y>�H{��n�E^�m��:C��>��{�~!��VG��~��?;x��Ư����b	z��W�OXG��q�����[e�p�`����z��>.�/�|
�t4����$ ��8MS�TJ`<rY	�<W�
h)N��8��)��������]dU����d�o�N�gC����=J9�t �J��{�A'��3��W���ɏ	��D(@mBOT&����6�X������f�m��x�ߨ<�N�� �y/���T�h�a,ucb��G�5|dU){'ĩ�����<�ë%�C��Q(�<�Д�J@y����8�T���n1x@B�t$R_H1�]���^%�P����s�Ӌ�;���S����E�O���1x����:�Acm�	�3����GB���-t5�q��(�"B�g���c���4Y����h�Y�e\k����g�8g���ފ�����[�,R>�I:)�I��>	㖴{'Fg���fx�y�G�F/#���H+O�!I�d�! p(�rHKd�<�����
)d4	h��!91��"�v?#�R�R	p�-Ґ_�����3p���ZU��9�|�Q,-�B�xwWYI>�P@x��J���\�?�E�o4aX���J/Yx �?�VY�X������^(����<mWU�Q�c��X�1~�[P?��zݜ6���ק�~���ݯ��9t�m0��[z�����'�/m��4sqy?���r���[E�
�JoJi����%v>���G�+��7	��pS樟�gGr��;HR|�8,R`���I/���❚������c���
R�Z�9)�)������J2���0C6�h,���e�ЅF�U�J�]�p=g1��wX,f�M������e�` �^^�'�j�� �/ �L�],��B��0-��-��)O��P�-䃣��c@d814����h*°��ҋ�@V�]��h��y�G���	��¢�nV�m�Q��1Q���eonVZ�g�U�dc��[�<S�j�v��nr���:t��0�B��H�_鷄M0��J��k��}�����;��B.�1�H�zA�+W�J�G+g�iʙ���#AiDW�D�}E��*�,�*�^���{G[q���aO�wH�* �VZ�+������bq)�=@�ZJ�����S�Zj8����d�J�~b"�(�ÀU*���p���&E��
�y��~-#����>��˓�N6���NĠt�b�֑�Zˉ�Il�]��9�2�Κ^N�:�5 �3�]�t���q/=�Y=c�M94��L�5��x�ɩ	�����Փ6�,|^ٵ���3m��_!Z��9�oD_���KT���4{J�1@8�)T���ڑm� g��TN1
�� �<�
�(�
�}X.��D����s}��p���2z�D��nN.�*vr'�m�@�}���Ox��3�� [��G��4��Oβg-�x F�`\��MH���paqw\ �w��ꋏw��p!\Ѐ��wo��y߂���U�R`os]R��Bl2m2o��J��Bo�[�*s��ܠ�dڪ��s����hR�!�$���#�=4�v�=�j4�ȝ ��,;2M~�{*,W�����+	ή�@M�ma	�^��bYcb��[o��m>�^��H���
� ;X��.��<#>Q�!�&�����PZ�	�^c�ʀ\+/V��X�w�Y�*���%Z��:T��cq�J%u���B��}:l`;�ȐS��ͺ�l6%�ư�!/�j�
��|z���С��ΐ4��W��̯�i��e&�oY�ؐ���)��Ş��%O�o���(G{c%X p,�N8��q�]cxm�Г�3ȗ6������+΅��cmٞlȵ�k�r����/δU��tKCK����s�(��[&�ϡvn!�$F팂M�^�t���@Qz���7
KR/p���n��!��v��N��JE����[I�Q��vv��=�����N���[)�o��x�2�(n��'���8�L��f��m�m���Ã��5��t�����=�9��l�����D[��,�4V]�_��Tl��Vk��W-��Mc�;��Pz��y�?뉡��M�ߎ4�ܢÎ/�_8�P*u���lR�H7���#T���o<�e>�=�>�9�?8�9U{�n�~���ֳMj�lR��!� ��_H*�Eݮ��qD$!DD	X}��P��6�O>��KJM��U��j�Q�&0@�~*��;��� I�;]��'�9X{�U��y��Q����~��{��^m�Q4c�'d���I?E7�)���mߎ��x�6ƞ��c�A��9����\���\�L����M�S��. ������背w��%o�f��ș�_T�?̿���D[��͎��z���zq�-)�R����I����� (�")"��g�;��|n�����s�D�V���-C��7 �h�O����ޠ��=�+�v�bQw�����I8I�$¡P6�G������#?O0��@��r{=��i6I��j!�H��C�<�#� ~�@T"���d�ɩ0O;N#\}ȇTs�Ϗh�Ӈ���ˈ?Ȅ��(�������`��0E�#,�#qy)�{q�d������{�Ϸ�B�"�B�XK�k�OI#����8%`��Z�8�i�\��H�������4VZ�_�'�����,�0StՅٳɧ;~����K���6g����|���SaQ1�u�H|��⇈�n�(���z���q��j�h���D�_���]׻��z?�|�=��^٣��:K��������z�>�'Sٚt�6[�i�5Vg����lc����!�Nwd��LC��2����X�6S]S���I=��i@9��D�l���aC}c�2���T7�4f�G��#RHg2�p���K�DB	������`\nq���O)���	�ީ��L�ˆL��˫a�[�����Ɲt���|1�����9�n`3�&�J��m����'������z����"���WO`�췼�H�E�rJC�x�K3�LD�D O.W�����&DK�u�˔C��I�mD9Z�Q��>�9<m%��C�Fi%��R���ɍ�b���c�g#�$�����"��e��b� v�9F�A�!q�ʦ�Z�l|E�[�� Bhҹ��E�b)kblzk�-@�NV��7�.�a	�$$C��T��9����=��rFƦ��Fب& q4��F�����M�[���dܹ�q������~�1#���R���%��x��l2?�k����R�uaO�.\���ث��l�5Y�;
��G��@#7D�w/Ս ��;W$��B��[�a��;���pF�Ӧ������Ú_AV_R�5��_��%xwX=iU#��y�;��Ù���8}y�5��6���ԅ?v]_��BM�x-����_�kyQު���eBV��d=^�k��w�8�����]�J�G7�9�H83�:6D�I#V
��m>;����;p�ﬅ����W����b� �/�W1�wS���Z1/�T��5^�?�6��kR9/�������_�
�ǜpo���#��1��_[�����W?��޹B�ц0���{�#v�qV�����q�c�&E��Z��<^�����)!��,�ß�ɰ��(���׎J�l|�ǈ�/�Y�ܑ�������29|������ȢOͫ�lC�������^��)�7$3���P43*U�TK�;5?E���~h�Ba$�'�ARi2LP�P�0�IcAS]s&��$�0��sȬ�D�QW�%���J��� -I�$.cұ:�O�\m�i��p�Ȇ;7E ���N�z'�	�@�j��;0���3�;8ec�ii5���򚋻��`��Bl���"Gb�a+��ya���2�]����+��1�N.����Ht��/�_��#�r�<YO)�:�"<zP����Ǯa�Zo�w���7��{��q�����7,��Wܡ����˘�3�ۺ�7ϵ%��j���.pʵJ�â���n�|z���;��e��)(��R�W꤁�B7�������XQZ��N�!|�j^<��+q�@�c��CS�~�S�W� P �a0QB�����3��=H^�'<#���75���x��	��2�H�������_�j��� #9g�����Yq����՛�w7��?.N� ���n@��8D T��U���!N��߉�w��J�_��>��`H�$ޏ�/;a��˾���-�?�}���L縶���T�D2ݚ;�0�u�aj�2�4���ׇ]����íUm�"cƷ�W�E�a0�mfW�^F�~R��T`�?#_]Y�S����a�l��IŘ{4�5�4���X~�۽�u�30��C���m;-��*Kw���!�`g��)����H��#���=u;��pB&0C�C�H�`�2w�Ù��I߰�������S.s�S�v�C���Z��}�<���1��e:�J#�)��q����Ӏ�#+N��輖�#�4@ԣ:��듗���vN�'����l�p�-RY0�`JTv��ܧ�K�����u���K<�8$��rVH,���7' [<>2"�6�j���л�σN4��%Ϧ��#,��bIqV�Gi���g�a��=t��+�x?+z��|�_��E�-������Np�������lq7�c�䚌���;BAg�l����溦Le"�t8��釯�W�M�p3�d�P�0b,�6���S�F�UKee?Is:ư����h;Y����$��ǈ�����϶KT^�t1�=	�0�A�#�_�$�;��p�="E>3��ut�[T��sf�k�DD��h�F��f��-ۧ6����E�]�

�#���_\��@��m���\�٨��j��U�9}"����2�������VMd�;�ˍ~�����`�]�YT�?5fW(���~E(��X����_��M����)$m0�9P���,��)��_7R ��k�6L����./�����C1�v�zї[�þܷŋ�Xt*�1]��Ә	��P�	�M�Ke�G$f�ҫ���t�m�`��_M>s���J�x]��g ��-5��}+�F�~b�cC��	)�0�H f��%�Fl�m
��΅��;��~bA�ͥ��<�U��k�9��D���8���9I�ͧĝ�dB��[���b�3�R>�?}T������>�b��2$�� B�yo�}#�2��,Λ���0�D��z�ͪ���^{��.v���`?�=��V����K�@�_߁�EoT�,��H������6U�k���q���P��'�.w?�����U|���C��$_���ߍ%Ռ�풹�����/{��7)^<:T)on��1�,��B�k+�/���(���~����zI��|IY+�^�����ʊ���o���PY�"i��
���C[+Rğ�ږ���%���-�ŷL���!��i H���Iiz����o��4�^����g�,?�}>�g;�^KY�z�X�S7��f�����/�{�n����mG3b�CY�*g��c���%���^�͆=w国�����(�mH�M/K�8�y"5���ğ�)tn�X5թ*c�j0���� U�
$	���O>̹�MF�+VT�TZcJf�%����C�G�.� )�M�;��a:i������t�@̒N�i�u_���#{�k�C�<ے��e�8!���D����!�S����=�ţ�r�ĝ�?gg��y�g���x��g�W�7����ſ��Ϸk�>��m�`6V��h9���������{xn=�s��ʍ�K��ux[9+���!��LtwTu�;vuu��/�����/����}�9��;�8��q>W�Y�V�<�z^�\�.C�l�X����������S�sg;/C.�E.�ޣ��W�(C�%mʤ���a��?S�/[�gBe��̫͛��;fhV��y�t	���S}�~Ix�<�9^q�����J̕K��9a�x�	����Tp���nz<����tf��v� ��CJ)c�e^���Qc�:4�\�`��� �\�4�����p�.�dd?��y�u�1�������8v��ڰ�@&�]��d>ϊ:�Ѥ��ْ;�ŀZ�_��'-B\�yక2�}	&(ϕ��;����D^x���	�s��%���S�W�] ��i�9���5�����4���Y%��j���㬓���Wz��-�v�.�"�k04ZG�`(TU��vU'�[���~�.��v;��6�������=�q���r{��ŉx\�JR��2!�_��{����݁}�B}@ʞҎ���V�k����ի�7Uo��U�N������T�՜ڜ������8����˹�9��_Qcƿ�I���Br�37C�k$gɐG�Oab���.�$�!kQ�J�ߢ:��&����-B�֠�ϋg��0d5�I/S�x�
%��'O��Oš�՟������c���xx�z��bE@~�WLqn
*;��͜e�ˋ����)����kH�)�q���s'9Q��ͨ�^��dd�T4z;-��$3*�����ʭ�;�w��D~�;�;�;���X�\��mtuR2%2-�ʷ<�0� .IE������Iҍ�"��~ٝ��IH(B^�V��C������@ʛ�!5�}#!h�D��9��P8�8J"}g�c�i ��[���9tf��̲�1rP��n����a����]�>a���*�j�f�nջ���$�U����A��C�}�����v��ͮ{\�]�\�h��dK�UI����k��c��){-a�GS�X�E���0���t��VV��0��y��1!�a�h~�B숆��k@�`���ɥ��"91O���w���l�REa��^ǹ��<8�4��:y�x:��M�c70��x�����]�	&�S��[0y�m}��{��&>�� �$��:a��f�9cnv�1�q����S������˂k��ۂ���ڟ<<n?8�+���B���8�7JeR�����}[�j�l�T
w`�ߛ5��%�*���U��f�=�}V�ju��7ح��d�,�B*��k:�\a0�u�R�p��
y�q �eX[��-aX�W>����^CG�W9s�����[�-���=מ�=�w	��h*�m��������"c�w���CŖg��q{��7��	�O���bvU%��Xf{��Ŗ�e�M�;�[cY>�����˾�c'}�����3na�� �_�(۩Tj�R�;~PiPc��
�y#��(O�1�&4��ɛ8�����zll��Lty�{^���<�*,q�y�A�>;+"(���#����p�Z�����y�8!b��S����^��7_�xw�]��|َ��kV����a��?{s�}��GNwMپ��U3s�H�D��LlҬ�_��tq��;,�_k���������X���4�sr�q_��D���ѤG�[M?
?oBdh 3$�e��# ��'�^:�P����:��*J����T�~c���W0�ϔis�;�g�9�$�F�R7$�0�l�σ���QG�I��8y�uyLfy�P&q�T��u����$�?İ1>����Ah3"�:V.S5}�_�$
'zy�ݏ�}�(�bZ�?�����}�M�)�+�A�;���w?�~ߺ���vo"啱r���+oa��D��+;�V���n���+G4Y�x��\Ԉ{�5Y+lJ�1^3�7�2�&V���x�ݫ������ʗ��M:VY@-1��
��!ތI�:�c.�jj�ER��㦤��3����b�l�u����XL �T2��Ox9~�J=e�Ң�������m+�����\����҅w��$�f۵������7C��6���}p�3�Ř҉�h}\TmO�[�Ә��E�a��Jٕ�Uv�L&7[�F�\�2��F�@,g�L��h��b��$ZªՔ�Z�@rW���B��P�����r�-lf�5B4e��Vy(3j0j-:��-��xj(i_���Bt��#� ر�d~x%3��Y�V�{����99�y���u����5S֥�����m)L�O������*vQV^F{��[�$Uj�Ya��1*"Mh樧�3��Ҍ��V�b�Y���m�-ʭ���?U>�y�v�<J��U�b�26��FY�3��Z���V�2�q3=�f�f7#a��ê\!���e�I�7���	�*��T,���c�M/�VX��Sp*܌j7v��*ԭ��}4A���JbND�)L���)�(�����1�3S���4F��(���(�<m�J����xc�	.Y|������m�������F-XV|�xV���gf��������N�������)|���3���o�[�Y%��?��� ���Pڡ:>Z��#uK�$�Cc��DH�DR��Ġ�Гd�����Y�[���g�6��M$�)L��Tdu=:�u-ң����B�?����(K(�^d"A�'b�*�����9�$E����f�:�䓓�Й
���C'~|�R�a8t��A���j�"D `��PX
���!�¸_�4��9%05"�Z7I�+��~�8�G,�9�2tMuc��kB��@r �^)�^Ӕ��(%�E��E_a)��7�D/;�I}Ü�&ݰ!�h'(����9t��N�R�����k:�,&����s3b~�?c2���e��|��9�l��(ί\
�%W�F?:#}i�W�^�wu���w1�ҽ�D�T�,c�3�<}Yo�y��o�]��3�6�{g�p^�H����eB�~S�y̲�3�O]v�dEs�T8u�< c���ӣ++�
��1UJޕH$�A��W[��"�	{=Ǎq�#c�l=�|ט1]��<y՞��d�%��r���:V���Ӳ������~��3+�,��c�S�
3i�$8�N��'R�3Tp�{U�*bU?)�j�h��̌�p�~����	�K�2�ML�[���~<B.տ公*�~���/-�~D���o1�����`~@���ٝ���xD�ǵ��D��|N{��> B����^s1�{��~@㖪p�4��v��ӂ?� M!E
�t�JP6U�9�Y\�bTDt�+A�du>ך,��̈́h:��)%��	x��(&N��E�/�2��alE�Z5f������77E�.��γ��z�5y���̍u�Xo<�]vYЛѿ�h�j형���̪(|.o�r�������ؖ_\�������Mԭ��+LO�+T�ʥ-��:�%�x�E3o���_ݹ�=�k���\��]����g����c�W����ͤ�/�NYN��n�g��Q���V�������#W �sZ9#��F/A,FS�]��S ��W#�ծ���i�4C���(���#N����¯�76N�4���&�t����+��_pŊ��쨪<�cK�Sȥt#*��cHJQA}��a�w��U*����KrE���M`��qi�ߢ�Q���(���a�'4��!�O���Ƚ���\qł�k��o}}��Go�0o�w����s���[�*�2)� HY�!W� #�rHhT�j�rÿ-�~+6�o7.S�c�H£�Kt������D�@U��⫲p�Z0��-/)URJ�O\�YU0�� 0yy+P0wI�4�0�h� �A>�Y��\l�)�*�T��,_�`���	��Lb�7��ӯ׼d�4�_�[�8j�Jdl���H�B"T��NSPM�
�
ʠ�K*�0�2�$�^;�u\���B,xi�K=P}��H=|��t߼C7�����7����<ጶ�g��2v����G�=p_�2~�|��^Tˇ���%�aT�I��If0�-:O} ��'�M��.���
-ǵ5�w������������Ya�AB)wZ(�:Q"�d�_�<{�]�>poW�?��><�0����No�}��y�{�Fں��0��.< �����T;];V ��P�����N����&t���K�	��s@HA(�>�o��Ѣ�'�ۅԿm�?v^ \�d95h�9�N��*h�蠐�Ot ���D������Ǣ�ii�E����W,��* 4��/�B5�Z�#}Ȭ���'�9�7��l����y��LX|��@m�A��L�mu�ǧIg��T��@�I�t(A��*Yb����
�wzW��ANN]%Q���;��G�7�,F��m�=|�ܙ=������oYu�5]�qݾ�����g�Qy���
0�B�g��GH%y}s*��C A����I�(�?6�b
����Ǽ҄uC\��֞���������T�����8yp�7|��G ������k����GF����@B�qIe�4"%�	-;E|$t�r�$BR]
��@`��]̻7l�
�"G%��ovMJ�&�A�o�__8D��xKq����Y�m!������y|����q�c�R���T)ۊ���4HN(��CN�Bͻ`�&WN*�"� �����$288�N�"eF��U���SNdV31����x�s���w���Q�F.��x�ā{�i�H�6mҤQ�)i� �}�ik<�V�;+d:�2](�:�u0�T:��OQͰ����'LG�	���"�Q���bҶ2�e��
U��ڄP�������*d�2��_��~�xѠ� �$���� ���e���34ѯ}�?"�}���'VI���+h�����g~;��������4:Ở~����x�����X�����q�i����l�Co����yT��ѻi�����؁~�9��O�1�����������-���ui�y��Ca9�#z���Z��]�z���nAoB����{G*�ekK�[d�ï*���.1g6�,\�|�J%�w).�Uz��J|3~-��ID��K�	<�A�⽾��}�>41~,J-�#r#�*
?0�G�B�c �hDy�!G�]C������@��"P�Kw�1DD#}o��jP����w�l
�w��@��2�nd����P-�[�W�\h�z�ķ��B=p�2<�{��8U�;V��u�m�� #�UA��ݯ�޽�&
�EN����ĭ�C�V�n�]|]�Lr�;��)�W�� v���˅FT|a��>����P��"�?h���0n���	�x�Ԥ���燈��pC�t�w����z�z���/�I�l�t�S�'�bM��;��P��� �"�K�'̌���9���9����p��o$�8W_�F����#�}�E�s��{�E^�~X���� ��3$j�Z(E�?	����,�'nCO��K�R����^A�S�N��D>
	� P��wW��P�"e�k�+w�@I|��Y~x-��Z�2��)�HS��7�D��u!��NDZ|�"���,��{//I��qӠ���R=�(��H`?T�2���J�)���y���:_�	oĽ*�w�.�;E)S�Q.�$/�DaC�q���g�iP�?�w'��K��2h�^|�KB"ue9�����pnT���NQ/��5�e%����ͺ�{ok/k�{�ll����6.c8^�!T;�k�/! �!��K�ؔ�}�<{g�{g$���|y��[[�ht��=�{Νs�������5�U�[�`��?��Y�y;*�Ҽ
�u`��`@+�/��ԅ�8���X
�����}[�Ybۋ�"��ރڻ�(D�C���K�q�$�5bӈ�u�P6)X���'�Quc����5��ߝ������}6�������7n0��	��jQ{Y��� � *A-ȁ�`8�"�I`�	Z�5`X���`-�{�?���>K������緵��������v���][�F/M[�g�ݰ��w�w?z�'���勤��m��޶����A]�_�?���`���m`'������8x
G�	�x��^g�[�]���|
��%U�#/����t~���������%��r,���l���/�{������������u�gW��$�#ea�(�vفTn���X���U���䕭�
��f�)���� �����A��4�4��`&�)`hW�y`XV���:�n����	v��rx O�g�/�1p<���
~�o�������9��#�ߔ���Ƶ��+c�������TH����GΣ���+������}e�g��+��=�~����G����6�?R<_��@u������ڊ���tV�m�
�w�1������6�}���Q|������w�T軟8�c��?�O����C�!a�B#y��x���zi/�b�i�?!�"�Q�}��5e//�۾�^�Yz?���;�7:y?����'�/|w�''�;zjzj��_�ʁ�����u�wP%���}?�8+x���\I~��b���A �Z҇��'�=��珟��5g��<;�={ޞ�,������1H�X�֪�W�j�;��A�l@�%Ϣ{DS�M���<˛'�Y;i�5���q��ɓ��]�'��La�P�Ƒ�oяA&h#�J|�������O@b�[�g�����ޞ#�>�
W�Wx|�Yt�g�y��=�^hx_o���t},�*��ڀ��ft��"LF=%��S���3���2w���O�ox��`����ݻ �};�v��_�o�%�>o*E(�I^�0n�ޱ���WϹ��� �����>���-���wl�{v���P��?*�ޛ/m���vZ���B�uT�/�3?�+��$��>��ѕ�Z-LU\q���W|I�C�K��\}w:7v��q?�h~��]_+�N��^i�d
�rBlg6[��'N��H�J$R䆆Ba��9�>����n
��X�5���}Y��w����_6@W5a�]KF��;��S�Q��x�������7��7[.�z��۷~#����Cg9�u�얡�����4�7U���p�����k�'?�x����![�2�^6�o��oG�|{�Q����؄U�y�;���w2r�>�N�:_^�g��|}�v���V���5m��_�6~�_[ˏ�'j�]�/�q��[�}w������u����_�?�տ����"����`�AJBs^�	d�Æ�S��T���羭��a惱��O��~� �����C{�(��ۿۆ.�}�v�$�my�����}��� wl6S�	F7a��ܾp�����ڗB��������^�L��:��uR�͞Ċ;�TQg�>yi�����~�y0��ۭ�7�Y;i��U�pm��j�PmH�E R��ǈa	�����6��8��B��|Hv�b�Xp�u�sU݂���^����:�o���l�5��R3f5<���2���a7�zx�u�3C�����[>}N�����G�3���O�GY�*FBWeGW�S�á�$���H� !���뜥�{�]6�>��eٞi��ͺ�̟:cî�[~�ؚ՛��?�W�g�[,�����H�d).��3�u�ȟ�>1���y��Pg��������	����o��V���z��P���&4�� ~��_��OBOW��Kd���1��=8k٦�n;���1V�읿 6������-n��hg).}Jo;���J�/�l��J'̤3��u�������y�X<��?/=�a�Ķk�ީqgO^��-�o�׀W��m?=V�'dC@�0LX�z�q�����i
��J�1]L_b��7�j�a��F`?�"h3*a������P	�Z�5h��zN��i���M�;�I��{,^�P�e������t��^��� ��q�N9����+�;�oȿ�K�3���_4�W&������+؎4c�وc�e�&�?��2JO#�i\�H4���V�T��P9�3_zeQ)PM�	�����+Oa���?�i<�����I��� ��
0\�2v�M��u6��X(���%+�u�L:S[��	:�nPIc��V��k��T8�E>s$QS��eG��<��$���L�Dd�S0�䳜VF�X���\�9O�\������";���q�.�N��&F��4��F��`=��p�m��(����m�1=v+��]���mx����s^\�sX��-3D��n����XW�H	u���<�I1iQ�6ʧ�
�'E�ĺ*�3g��{��-� �ON��2{��Ec)u���c�֌$�~~+}����\�d�-��`�m7�^����=MN~~��`jx&�{,���)tK?�a������8._s�'�u,]��m[*���'1�eP�9P��F���*��-����"����ﱟ�R������*�:!`ݬ�M��ٔ1�z��0��D��&���f̏�pL0В��d�d��������t���ܤ����mq��PK�i��ߜg�n��c(�k�[*����y�2�b�4��$4Yh�E��+�]��W垼it�U��kMC����'�nn���������Ҋxm�׃���7g��y�s������nV?�}�����h��m|,����]H�	~� �ȃ��ޣI���Ͻ�iE�j3|��Hn�yu�D���Χ�TJ�w�M����V�獂����à��~�^4����<�[�R^�$擝>�)�{�d��w/\x�]�F�_�Դ � ����M#��Ѵ ��p�dn9�]�w�%��h��vFE)��EWD)��}+�t��K�yM���= 윚譆��2F?�>I�(r%�����s�@���<��<�xuז"��� 7���K�(����%.'���A-'����j)�	������ԟ�����a��t\(�ܤ�/fnq���pj;����5��ښ`��9N�Z�^hvgAm5@Gb��}Uh�&��w���7.
Q�;LB��o�|ݗ�u�7�,W��j`݀;�5t������d�u$�:J�^����:އ���i!��F#k��a V�i���)߆@`I�F�$�F�z��@W�J����eT�B8���*ir�M	W(b�,�c�`>�{�]�V �ı�8G�%���d����?
���4`˯+b
�?/_���Q
�>i`��|�w����n�a�{@s���� ׄZ�_��"*�RY�YAI�|�͓����д� ��	m˷�'��>�F��{� iGQ�L
�ʟoC�G8;��t欧.U�Ս�;TG������y����T	j�2n����b��������'�P�WR�T{J<��*�N��b\��x�U�j���%Uҩ��{4�uTU��nΚ��J�T)sI�v���]�Le֕�JP��.�Ikt��.�˯M�t�̕Vj�n;0�_W�\�H��ģ�UJ]�JJ�.�b8K�d��-Sh��������35��Ƅ��L������"����#�v#8Ev�qص1������'2�,��B��\��D�-��gsd�#�"�#oD>�|�D��jN]'�["{�N1�W�F��X�<k��g�r�N].¹�x��H�"n#���Zw.Ү�	GO$з��j�:��/N�"��:��osC�1A.O�g@�1�,^���u~*=��Y�-?�T���mA�-��Wh�+
ɣ���{��6���K{I/���z���VM4?a}�w�e�W��c���l��U�*��B�hl�g�O�J��	�j�81�gG+���%��`p����ߟs��`���篞�G�ވ��Č�_��2��Ĩ��O�;@��Z�!M���LU�����C��)�����z���ae����)�C�`�E�����JqI.E��$�+ٙ$�I6�s��dkR��K0�Քd*5&My�T:��jY��h����´h�fB��D8L�t ��FT��L*f�-qۢA�P�Px"�Hg��D��F��-P����?�������So}�A[�f	ZlE�$���V��/���"aL�\W�nX��	�T]��`���|ݍq�ZV�d^҉eu����S� ��zI}��#�_
LQ��J�P��*C�`������3�*r��f[�jv��%%����,����'�O�9c#�sS�L�RW{�2J��b�Pዮ��FE���'NQ鉋�iY������"�;`��ex�_1��HZ��6��xo� q�iY9CX�>i�����:+��!�(\��Xo�D�����l����K�"�y�i�"�j}����k���ȴW��
4:T'��9�u�{�a\h���y�nC���!��0�]߭�ʻ��1緃��	Ao��}n,���	|��ao��X�o���{��D6	Xqa�^Q**�����$��6�sF����JJ���9�z?�nƶD~l[��:pX"�8�����O1n��c$.B���#�Tp����8M�%#�φx5�Q*��d��m\�Z�&���;o��T,J�+q���qY�JL�^�h�?��G՚,�>O�@.n`��kvO��g>���.�+�H?^�s��'##�
������-v=��Y�����6�1�\�^%��
tg.�gP����e^gء�LX���d�@XS B�ݗo:�aM�w�mf�D�x	�92r�����
6�yOg��<��LΓ#P��h�����k���Sz:��]Ӎ|B�eE�\N�����W�� �p�ʉFb�f�v�s��𻑿�?�(vR�(4>�z�x�|�z�xY�
�7��K�c��:m��ٷ��F���^���sV3D3L;�i&$��Z��9]N�K�et:�I����R�A8�E���^$t(�r�/ڪ1�t*�I.���K��iT:��DN���,�5��7�:5���B;��re֭�k�w�b�t�Lb�[MX��U�fJ�xݬ�e<v�N��%,k�%��yI���9����uw�.v�byW}u�"C��\*C��}	����2x��o�7�P{�H�ԡ��i��>�a`F �+���R��W)Xg",%���I�Gnm��,�S,y`�T��,lK���:��:��c��2XKv������B�ɭ�����k��>���ck�}ĊՖ���!�;�!u�@ԏ�J[������Ղ�H�G �a��ǎ����DEE��U(�,��S�%�T� W�/��^>#�sN���D��ʡq77(��xُj��3�K@�Zfd�H�8�y�GΆ?(�|<������/�?�fFYF9��͎f'-�*��l������+�N^�\�-)	=���ӓ��*N�dU*g���*���S���`��:r�2ȷȤB?�H*�����~���a]��S��^��o��K�N�UgB��H&�8��ANӵ��%U#.�����}X�9 '��]��@�����BV'�U��W��j�����#�ыl�i��S"i��`��6bȻP����q���VIT.N����o�����,�4,R��Q3kh��w�E������7{.�n_Һ�><)cq��ꗉ�3k��s��w�tĢ����m%���e� �g���]��d�nq�{V|�s�k^�:�dJ����1���3�my�|\�ۤ-3�x<�z<��Q83�T��(�k�DR�1�������f��l��w@GY2��<��3z�>�G�8�|19��֜���>/�C��1�n��ҿ�^���J��8s��0G^�uA�a�n/&$�T�Y�¦F�)�f��? l;�Ü�f�~�^[�l�Z��"p)��ˇ���'���}��2u}�gV���'`������<$���#!���(Sp�Շ�/vs��.K¬s�X�Os<���`���Z]�yt����ؚzbU�}�P��Y�U�����N\���Yw�X��R�4����谊�"���"?�(����":"@Hd�� �����yol[��3������{T�Z.ky�0���b	�6b����ib�;&�Z�^�R�~������Â5+�[3:߂�D���Si�9������d���6E��n���R)���~�W?>��!�����4֛�ȓj8ゑ���1���q�"���+������+��  �p����1�����b�H�؀�ź�ȱ2kM�d��N�� T@F6p
��QJ%T*�H�0��"� �.r)����P�@�2[�d��0�VO(�B%�"	�Q���nY ��F} ��L6ȇ����n���V{vS`�`�tnN�,( [�"4wK1�pFU. �S�4��{�.m��C��X5���,���x�f?R͂э�g�Jі�K��/��*�Dn_O�`�������Vz􍡀X�/�e0L
��
'���S�`+%Y2Lܺd�h�΋?P�Vڗ��N$�wl���F�&����D����ӂ�9�����s�������?s�j�휶z��Q�q�q���/U5|G^�ɧH�*�Q�Y�b����]~b����K?)W��J��ݐ���L7�VK�!<��)��%JZ*�{(��k5J��EN�F��[ѩRJ�J��Ĳr�(��X�c61_2$�px=��U�j�W�K���&�V�)�	9~*=�UTgO�o��}|�O�ZX_�oQ0�HԜ��"��9u�ͭ�	r� l��y,����!Ad�Q)Xl"8�Æ�3��D/Ř�[\v�PD|,���XO�T
�kc?SF(ϯ�k��v����S���n�u�t��j���[��0�aW����&�o^����qMI��EV뷊hk�	d8*䮈
��,�
(*T.�6q�M1.Ķ�K!������ y�0�!U�d0r�|�X��b���B��$K�Dkr��|�`�E��wo< B��h��8n<��;�рk(��'�7a����K���#|�.��]V^�VVB;�K3[�5lM�fyͦ��	�oxe�/X��yK�@ᎇ4�։���$���*��qϰ2,`֡H�%�wz�������IE��z?�n�w�h���pe&e��ݖP���3Zd�l�[���k-K�q��\���'�_�?b���4�WJ'�·$�F���j� (̬���>t�+�N[9��:.њX�ؔ8�8��KBV�:��jD#���ރc&mt�藒ZS<b51~|L�b]�]�.��K�
�%
(���g�&�)�x�8��u��t�#��9Ϝ/x7���u������5~	ǭ�����X�:B6������lt����aF�~}#\ϗ�WŃ1��dUJ��~�C�&8�)��ޮS�yu�)�*Y
I�A�ۉ;�㠜3R�Kq��!�+�n�|2����ĸ<�]� ��ڹ9�r��0��'r>i	�ŵy��Fx��*
�WQ�Q���x���|�t �a�o�����ɬ(k�1,�<�Qt)�t�J@ܟ/U�K�0g�#a� ]j���?ʿ3�l �G�K�eB��O�� ?��̣�>U(�,�0����kC�H�ȭ@	\�\2`y�
�����ᑒ���"�֢Mm���ث�-�������噔�q�Gz��b��<Ƽ�'v��G��?R�vbO��l:�����.ϗ�\�������wCD�o����rr�XG]���������L��͆~��E�N�^D1F���'�o'"��u���S��UWCI��<�X�ϓO?Gq���(�U��U'���T'�2�tq�MS�c�'�f� ��L���/��)̻"Kv�\�����XO)A���10@�޹*�5�K���Sm���I%��xI�	�x��N>C�1���1��f ��kk,��ip��WK��E��I��v@ ��#*M/D�~�q��j��%�5��](�$}�+9���r��~�w��PZ�ӽӻ5�߽�{��hZ:�5�=�=7�:��%y�����#��R��It����Q@i� �@:b�@�Թ��
W���[%	\n��.�k����Ub�x�Y�����u�*G���N�_�"�"1�O����#�(%�̘=f��P��G$Sw0Je6~�����zX���[�-�5rn��6Tց~��X�>l�@a�͘��B��Y��\]7�Z��-9�Mx����qT�y=�I�K�U�"��-%R�4"�����	D5���$ս�?��V�#,U��A���Y_�r���S�F��N���X?�|`;{;�4~e%;ڬ����[��d��n�r/�SG�6bCԾs��5t���n�U5͡��:e*oZZ�xF��YC��T���C�҂��?S�&�6p�k8N���fj�f&�l�hYB-��^dN鞷�=�j5B7�D�A�!i����H�M��t��5��˕�F�)d�XRZ��#�$!$FC���=��3z<�D���6��)�*V�S�*�{��ω?��ɖn��xI&Y�M� XWLSBN0�u8Go8�oo������wa��w`J�鍿8��0���}��RX���`�1��H]������ 	���X�m�G��c$��t�6���LO��$��6��UP��.��9]u���Z�2`$iZ��ԫU��^%pl�V=��C����ԇ������z)E��uz�N��qSTIy����1���()!0˛��j�c�l�GvŶ�RjS���o93E#�TI�F� �5���W�s�Q��ɜu�[�y�� �$�Ļ�^��0�)3���n(�� h�}�ZAw��IÉ�Cp�[��o��L&��]l����Xw�
$���Jt�����M�!������$OE��t?�Z<#S��"���BJ��},�̢~�u"ܐ��C�j���wS�̛����{W-���ʆe��G�U4N,��;>׹���K�9d��i��3�Oؼd��[�����U%�����_��T���ׇՁa`<�p��H���8M*�leѲ�O��}�H�G��T�m&�X��Fw �:����J��ض|�
�7q��;��s�.(��L�&oc��L���jRCϕ�;B�kSCԼ;�5.�X�:�L���*�c0`H�����G�`�7=�2V���^��Phℂ��Sz�G�)�D	Ck���3�����1��	>SY��V����T�h#�]9C�fBe%�7����S۹)�������2���m����%�nX��7҃�¦tv�F����[؀�ۂδٳ�z�t���|��E�c��ٲd��[ʙ	�����ߎe>�����p��á�󟎾�8J�%���&B)"&�=B6��,UZݡ� �˃;JK!�ˇe׹�Ǭ��n7��^��SwM�)��TGN�):��f��p�9�N�tSF��;�59#Xҕ�h}���[+!0B���G�
�DK'�M�4#�(����`�Ð̅&���h*ʼ�bZ�Dl��	���<�z��[��vA�}2�BG��R?Q�I;���i$��/wC���ګF]�P��87:}>Y=u�|$�{V-]w�����G�p�^�\=*v��d�mr;�k&f&f�=�桃�N�j0��ˆ����V����u�S�ೢ|5�_'@%��sʭvk�Zc����c;Y��(w�Cx́��p�󂭕"{|�R�.���Qr�pr5%���4m�� �����M���2^��n�k�:N	|�:.j9W�'M�TZ)�e2�D~��5R%Sw0��@5���U�����X'>���`�K�gk�Ȩ�c�d>a�<����,Pq�^Ca��������_~>�W��>;�,TF����e�d�W/]ׯk'JLm�n'fX��i2r��'޼lH�#"9�8�r�G�C��À�à��"|��{������$�>	��dwu�rô�tb8[��O`t��>m�$��f��<&hw�݁����8���;~\���Q4��%;��#(��!Y)�r�*;�!K��J$2�`�@rn�2�c�f�-<�ߒN
DT���J���}�9��d�n�"��9bҶ���^UM�X8����puo/�K���P�"��Hp���za}����&4 �
�j�Ti9�Pڞ0�1� �.�vBK.'	��>OZ�� ��3��/�%��ǈd��n���A�� �'B>�Z�T�@��2�k�O�P���\�/Eo�x����O�i7��	�K�-�$�k�fw�~��K�Le�*O�7ͻ���+�{l��'c�~����zM���V��.��e���N�CI+\J���{M&?�1��ǫ���n����7���G�&�[�s�$=��U*��c��&�����?��YtEd# ���8�x]�d�.�Σ��	��������tػуwm�����Жl8F��<*"���4��d�q��s9�X`��Cy������7���Ob-�7����fĮ��sr�0Hm��>ם�����S?��(�b ��0�+���	b�?_Q����,�b��^�,N¸@�ע�����5��a��J~�r�ɒG��p�(_���ƚn��W=����*��~N���|�3�[�0z� �,����s�����tr�[�=����c�S��t�q����]c\�Jh4L�&�q����6��2�׷�\JO���$�������I"�Z�R�o�ۿr�ܱ`�+F��@���wa�gKc�R�iE���zd���⏑X���C�H�D�f�6�'w���>��X�Yw�>�+щ��F|�ѯ* E���� H9�v^P�.�|�?�)WW&��9�S.��'[�CPA�}����n�[��"{*����8�/��*���%��c�-�c�(2����1AZ�t��dp[D_�0��͆D����_�L�pt�]�*�����+w�����kycmiY���5:��Û�-A�;@��)M��ɸ��*֎ HU�vT�"����]�݊�>i��:>C6����.��b++=(�r�Q�w�±�+��@1{WU�Ke�[\֐'�
	��:���я+��ō�X���4ź�I
R�5�ɨ�r�m6�,檊H\�X�f���kF��$��(9E�v�l�w�#9�
K�9E��e�Y\�*E>W=ΐ�'�f�e���)t�IX��Y�Bj�楗�V z�Y�D�/�c���������KĪk\�p~��ى/�ɱF�n�ٶ!��pL�+W]���(M��zѳ������`������+���A�O����WZ�GgM�i�$��q���L3�|�NJ�R�D�i��e����֫t.��ju+UF�RU��K٠ǸyJWD���>/Py^��	�u�
m8�N�~�A%�TZ��<�8�Ɂ=�h���DK! �b��;��*�w�q��L��rY&�J9mj�olVl��¼ŭ���ҲP0X{���=��+� �vҡXe3�Zjl5Q�������"�|�b�"�Z�z�f��{e�l�bCiqC�3i�(娑��΀�A�ަ�4P���DRr�`�M�&��)b{��T)�� ��ן`Fɏ.��
i�U HJ�����ܛǩcڣ��#�Cѷ5�G��u?w=�>�}(*Y�]'������i�J����Y�T�v�TRAW0�
v�v�N"gtHb+��1I�j��SE��y������~��`��[CgDC� �\�܄�;$�Z� �+���(��E�-r�F�bh�������E���BѬ'�A_%�1M*٢`�X0,kS���`���d}�9BR�$r�q�\����]$<�ǞC��2G�,+w'c�E��D�g�����9�>ڒ��E���5���"�n���P!ůh�b��%[~��_�<XH�{�g� Y Q�����N�C���W1S	��]�z<t�{�tE�oT3��=k�t��V�o��\ys3.�rڐQ�������,L�p���϶�Dߤ��9x� /�MA�Rp9�L% ��X�Ɉ*h[�U�Zk��"���������5[��f��'%�fY�$���oQݒ�+�Ǹ׶��I�S�N�s꣦UJ&��@UbO+!U�L
S���a�k��dN'�
!D��v�!��qȎ����b�%�]�T�l�~*�U�)�J*sHI�l���X�?Nي��J���Z=��m�m�)c���� ���������	�B���CZܻ�Ln┡ęԆ`(���y���A&O��Pa*}bQA��%��he~�|O]?#�����!�|����݌��:�@&0A�h*�y��-��|��ۿ>{�}��������j��>����>�
�Y���B\
�i��&��Ö_���������[�����8������#��{?#��(+�q�lzH��gDf�ƛjp'���2����lq��:�'˲Ѹ1�����H<�H�R����2�mLb$� �_At�P-�ӹ��䑨�-?avf�2Q������hg�t���ʣ�h�bm�
�~b�1�_���b$ן�TH��@�Bl�(�Q�� ��:	iy������^6����l,M�n�4��ڟ��]=���]��>�Tx�Z{V��I���24�1yR`,���D��h�#'�<���Db�̗Pbg�0(�%��6��Ii5�d)�Ôȉ�"*��Ī\��h	�&��  -��I�˓H�P�%)�6�������1�I�� $rJ&L�%3�m�� ����'G�cp�6#�y� ��o��oɹ�.��^����䷗����F@�Oد��k��~֎4	�qa�U����>r
 �݉~?�����PC���Bh�Ns�9�5��J��&�Q
%.��:�$�w�Z��b3f-�b��Uj��-NR� i4d2���Z�ʮ�%I5�g8�i��쏓p��CJ��$��׾Mm�Sd3�t�bK�Ŗo.~R`�.8��ܖ���?t�D�8��/�g)�
ɰ��ϕ�ь����*~�b��e�ezɥ=u����NF{J-�b�G�4�'�L�
-�ENYa���������h�!P�q��K���>+y$֙���O�?m���eڳ��ȵ�ޮ�b�\C/��5l�kޱ�
��&�k+��Xym���M�[��r��j�j�����'M�'�v�#Ԇ�����]���=�=㥽^yi�J�\�8�P�27�I�#�짋�//M���L�g����6�����p�d>�j�I�'�X��!��Fb>E"�X(nP���	UKd��+��Y"��j��r�������s?88�;b����t�?ϯ��W <f���O|E6�|�V�rzc6��d80G[9�D[ �:����&�yMK�_�[$���6�oZHq�»�/�L�z->RU���5c�����z̫�����Aw�İi#���k/�G��;��)���Ǭq�b:?<�L����%�Ҡs�2~q!cW�ki�����UH������~b����e�k~Z�W��R���W͠���v��ZԵH.����ؠ�duـ7��T�f�F��L&�ۋ<N���G
�R�ѠO饌�kr3����-Y&'�(����}�M���¸C
&$��a���X�ŀUdT�9�u��z�,��A0���9EjK$��(F��:3rEO��M������)ꞯ��`I�.�Ϟ���?�F��A�y|3=:럺����d�g�I~}ٶ�l&��֑S�գ|�1��3�B�S��A'Q��G�0A	7t��Y�la��=����5?7��/h�r��3��hT(�&�R!W�Fd�& WI�A�'ȳ@&p�2�.8�3�TJ�N/S��F%���h��y���-�X	�	�	���2;��+���(=��Gu@��sZcV�����{�ʕL�'�O]�����)U�u@�\��S4�Ǧ�,�|�R�poRrb�>�Q���rt)U]$���GCSO;�:xou�K���O�^p�a:���yr�M�uAb��Ȁ,�u%(f��u��]�����Z,�bw�Zz����S�[(�����PSp�b�aF�b����򛫟�vV�?Wv,�A�I��%f��J����:��q���IW��|R0K��ùW U�lq��I0���`8^g�&�k9дka;^բO���t�[�4���LE�;3��1�ju��>_��&c ����@J��\J#��nV�S�XEX�\�=L��1���7F��:�'��,r_c~�g}�,�N�L�!s3�9�o+Y�����a�N�X��.�ܬ�Oi�趗�4uxQ�?���RQ�B�D����`6
!N:���%P7��݄��hΈs���`ٺ��}��M(�Zz몦����/ߛ�Kd��{���[��t�6�j�UC����{�f�~K�Y��-�����;�B���?����C�7R�����a@�b{j̆�%SCDpNݐm+�[4�/���H�~�<�8\�͢b�1��
Y��Ƙ	WD��ǨFG���3=���"c�dWk���S�fn��{����k���I��9P�������cP�	�2c&�7n&�Y�)g!���x,+,�C��9�n��ٍf�Tj2�eq��R��.��4''mEwJ�KJ_�ʥR	�6L�f�v�H�ԉ����$��m�rj�����I�l�)_@![�ѻD{OsZ�7=�Z�&ዖ��q�/z���V�7�I�1q���Q�hf\�呌�����:a��ob92�oGq��~�����*�3�F���($���*1�5A0ҋل��ل;`�M�3��I
	��k���we�����D>c�x~M��].��_����)��y��|b�ބs�sή�G��	K��C�,�x	��0��ǫ������_ ����z�9�Y�=��񽗣��O�|��^��I D8I@mېlho��@���Z�A�o��gbb����H��w 3�_�Z��K�,=�x�������o�Ni���1v�NYLfs�"�f3K�(ʢ����<����x��-�W�2t%ZO �V��V����h�R�Ĭ�6- ���,���sA&�$-d�B��S@&Sf���(>	ǹ׺�$R���|�6����K/��b�#?D�&d�<'f���az���	�-yP(�����	n�Ѷ�����_�Y�lX�C�v�x��**��<�a�#��#������i����w�f�z�?������k�=0L��2�9e���a�?�4��K�97H᲻J\��)�O� du+vdn5
�*��Y�I�r&"�l�!ӗ��L��d8��*�f� �G��Z�R�U�p��Y�Nk��������b�",�J�7e@��W`
M��
N���B �`Zz42���MF�$p��q�@�6%����Т�/����G��|}���.<��^�j���ϗ���þ��d�����5�Ϟ��V�A�U,����I�'�z3(p��ԝ�ǒdJ�n�ȋ4��<J���K0����� t�hiE����V`�y�S�r��|�,V<7é@f2L8n�[+��'̳�m"�R�Xu�H��y����b�ch<5��L�	$~	A#)7j��
/~/��J��zՌ�~���oO���u�����;��1撚䪎Ƈ����,_r5�9(i���Y�~�-��|φkf�ȁ�<b�S���Ss�'��p���ӃQ�	�iS��%Z�qd��J�0�tj��Yլm��p�d�z[c�U�������u�Z�X�����+��vJ;eO��x���o�;.FJe2�����>)P3ksm6��L��`�/)�}>�2��!�_a��J"N[��w�^���N�&��k.�m���v�F�l`�_��1��ow��m%6��b+Q��"����XD� �B{���:���U������B�7�9I�zq+�,��A��������Zf؛�|�e��X#y��;�+m�?YU���;H<�z���B����z�����n�@�R�V���_w/y�04�D�l�� ��VF٩��,�,�"�:�m���;�w�5?J=�y���Q�	ꗚc�W�W��j���i�1~c���Ԙ^f�f�> �# Q�M���25��F�N�&П3�� ��)��6�کV-(�l#x
��Z�4�У+,������4�ԭ�$������m��|jO�i�ffM�0x�φ�;�͟�������p!\�u���^9�?ſ[��w�%��<�|��@Q�Y ��"�?�����L��p��t<�<�{Y�����U���]E�8��fu�f>\@�ӭ���<N�����rj}z���p1:���v9�Z4�� �n֭eA8�4y9��û}�x�K��9G���:����pr�ˈJѺ�]�1��F�f!	X������b6�lJ��]:��3xz���� �HY�B�r�_z�+����T/u *��8<�#�F�d�|[\�HO���f�$K5^%_D_�]����|���z�(H���W���ϭ�-��M���^��x�r8IX�7PB�Tj(0�� ���*;%�ҳCp򾵶��ӽ7�W2�;y��{�̃`=��G������J3���c�F���+a�:�0�� {�2\%�\$#����a�{!�O�	���#��x
�&yH�Τ �[`FcH���%��D&�K�T�f��˜J �"��f�u��#$������O��6�ڋ����-����&`�h�M�H,����KВ��J!	�_1a(#�|�a�/��d}��P/����t�3Go!�d�{gܷf������G������rXQ�D-t�G�1�{n��S�S�����[�8x�8@P��խ���T�H�P�P�Z5m0��Z֡D꫄$�ƀ1�T�T�C�.l�"լh=l��( �q��.�<�=� ��ᖓ����x>Tŏz���Ke��jll�I�
�x?@�*f���Φ!s�6�B��V ]���GM�����e���@�}�&P��Z�P˽e�P��E���7,�^�	/�t�K����٣���}�U�e��us���#�w�`gfv&ȟ$�@>�0�gת��z��U�L�^�U-�7�H�U�a� �� 
�� ���T�P�k@Ft�A�ĤU(<����q����L���NH�C���[S��Kq��q�pMp|������ÃMK��n�`����v����т�����-8�d>���'kY���~~j�uDD�V��ĭ/8#�#&�sm��-���v�y�9�>�h]���/.�}���1�U�|���i��>���/�d������M�AYw�m,�i[��	���s���u�PE�K�~��c5��KV���k[��(<�Y�|���H` �
W���
�`�*�2�&��>�A�aF)�Qh���)J�| V"3J���xQ�F�t�R����q(Q�aeP��$���hr�np��K���ܣIi8M����ڷ_%�ī���^M$Z�av�/��Q�aq̊����R*p���	,�>���X�j�Q����Z���M��_*[2�������Z���=m��N=���n����;g�
�>8q��W�F���B�^1�0W���db�hg��n�m�w��=~2v*�B���V��)�*wINyZ'Q)���7��x�5��4
 U�f�+�v�l����,9������u��:!�9AeE����L^S�����aad�ˑ8�$�<\J�gѴ��<g��ڏ�j�ݲ����<���`�]S�E�X0�*T��/�f�C7���&���Q384A.�ڵ�K��
Q�\�B�,g5���5Oj5�Ҟ�1ʕmh��t U���x� �KR���rR�X�
���ǁF'�~�����`p0]&�^#�x5�;zB�ɚXx��:rM�a
ᙘ4�����n����a����"/�<I4&�pO�GW����?��Lfw�>ݱ�56}��$0����w&1nk�x��~s���NŨ��/�Æ��[��o[7��	�+m,����Иs�la�7nW�z? T@��da;���6�T�G駪'k����ի��ioQo��ܣ�Ss��Pwj:���#������P�P�g0�M5��V�7x}~I�Af�
+4ZFcw8,a�$��aX�Z���{�`�:�h���R�ڎ-��J�w�v�p�������~�jw�U�'1�6�I	��)�n늺4�ͅ;D�?a���8�%2���.��%J�6����?l�ms���D"G���MT��M~�,{x)���u�3��_v�a���01�!۲y� tN�\��j�N~$�@�X
۸����bR��:�ʢM9,	:���$�i��Q�(���)�)mն2ӌ�,�@����^�N=LRJ��x-�I��E���K�&�Hm\�R����z��h��	w��b"Π�/M�&
�UB2ΈD���T����^��!�M �*Ͻ��m�3˙�̙�3���ْ���$,!���@B@AUDD�]DE�5��"�ڪ�bk��˽vQ+m�5�����%��}�̄������s�̐IB��Y~��{
�T�de�3�E���Ng���B���,l?	Dr'����ɳ$A�V��?5m�jŭ$g�H�XNu��֡�}<��4>�="���{E9*��'O:LLw,xQǲ2P'i34��H�:���N'av�K�ŨG�Tq�<j���K.)� �#U�9���~9�]��WT�зr���v�S-��Ot�흩w���M�o���k*������Tr����W���{�=��m�����.\
3�r��o^�]	��W.�O��h�ԳS���~O���j|�W�E,	o���b5�o��66�2�5û0v��x��gy��|�u�q:i���K)t2��J��逹S���'��� �C��S�v;ǂH�H�Q���0�a�w�T$w��0�KKX�#t�i��a�r��G�e�2�jPИ��2���~-74��B�DeP����cU95D��Y���4fk��ğ�����&�s3���|�����}�90P��w~�o�w탫��5b[NY�tt��_M�<�����<u�>���-�*���G�>r��ʔ����y�bvt�~�f�8�lrf8pAvtz1;���0��E�Q�������.����O�?�Sh��*��Z�b���/��f�et#ghg�a�HjL��0��;�fh���EnOwxMxK���A�������_,M��Vd�)��:�����wGY�w���.�5h�Ɣ@�B���<��o�=MsT��I�����ݚ]��1�v*W�Kl��=���g��ڞ�#�A�!�U�A�zm���N��<@>��\7�e[C^����ʸ��x,1R�T�=�ҭ)�
���^�i2��P,,����4Yd��!M�ep� ƷK�"�b�u ������q���X,�܀�Y�V���T+p�H�ᯐAlKF4��'R)�OT<����b�H<�n՝��� Č���l>llkX��eKm�}}è3��Y�M����Wjth���t��H�4ʹ�RTc��r.;'�Ly��N��K1Vlz���˫{�2U�K�dĘ��b�H���񛟘��g���_��k�m��ܲtс��A��w4׶W׬�w\Rm�[�2��7ݲ��]~�<vϊ��6~xgh6*[_!~�[=����v�� b%9\\f�p9-���u��ӎ�ROSWb~�>�����*�����j�V���l��T����͙	�2�
@�0u�8�vT6s8X�$ާ���d�f��
V��,�.���}��)y��H[�Ca/1_�=�aL"̫����S�ýh(���� �?��}�~i.���0/��+<���;#`Ϸ�\_ɥ����xך�
/�?j�h��F
_�o?O�J47������X�!M���h�����%��.��GR����=����&�*0Y�<�RuwlM~K~m����|�?�����,4-4w�WD�a�����dͱ���J&I�Q/�"��a�+٬(���ɤ�h2�&�*GQ	8L,���0�SqD�K�bN��)u6�o�Me5N�X�&#���j������}��>��?�l��1�	K�z�I�a��3r��"�"�F[�J� ���3w1,�)v�`�Im��V�T���,��D�Y�j���G_6��!����z&z�g�*V�<�[�2/R���xE�
��e�~Zͬ�\u�s���w᭑'��&��S����bbr�M�4�i������y㇋�٘@e�i��N�����ěv��kά-�~����$#{<t�߃��ѽqw�Yx���0�o���X8#=#5�m|�t����;�7�ožW-�o��E�i�~��	��mq[%c�i!1Ǵ0��z�ޢ��)7Mk**��� �p�|NV�\Ze�}P��$��?��*X��
��rN�+1�Ñ�����5�8QD�E>KU�bV�y)�H���
��;`0T�h�F��ތ9�u���Ĉ���a)X.��K���~X&����O�?��aD���T<���4:�3�;?����e��0b^����%��p�;?����%���V[u�ĝ.q�/��?5�yߩ��nx�XP]��z���������.����֕�����$�8�-��ΛB�#���C�ܠ^7B׶��WwĶ4����5#�4�ګ�J_��K�"���g�����]�iPustn0H�:Z��� ��^(t/H�� �;����Jw�jN�������߈���7�_�1��Jp��ƅ�7�4�����~(����-p[�>�Q��yz~hy���6��V���B���[\Lq�C��l0���KL�E1}��6`�le�Qp6[,��N����"JP�i:�Z�ĪHZdI�2��gq�(���V �`��hĮ�d=XZ�;��va4�$iV���2&��lu����;�A�;�=.���qP$��>T�9�jt�� ��C��|���7�S=��,���Ꮂ\A����{���-uTʜ��$�bLnUiC�EF��YZ���|��m�{���������T�e��j�m��c��
����񮨌1�m92���&^S���PH��o�����
{g桙�C�/&^2u�B��w�"ަ�8ѫ�4�E�Z�4i�؇g?�+�0V���^koW;B���C�!ߑ��_��.���A���{}
���S�MWNKS�{k8k�Z���@����
Tu�M�ڝ����3�CpJP`rBe.�qYk��L�Z����Vt�6k��Fz��d���,�*n�bt�$^p:��qqYP��|�t҄�5��pj��a��ǉ����'p�0؈�\m1�!�Ik$b�x�'Q	��X����>��A�L$`�Ί#P�X���R7��y�p�Ab��d?�3��v�\��(�^���:0�LO����������C/�� �zc�sq�?�����W�?
�NV�`��L���B�+�׬��2>�ll��9�he�ߘ'�ԑM�b�y��)�����m|d!_�M�M#�7^_;1:q��]�u�Ϡ��n�g�.��7C�Rޔ:��2���������c	JY	�P%dsrT.�@�H�D!%�,_-`NAp�3�`$���͹\^�I%��jKb �8<�L��>e����|���k�>⎈h��3'��b��c�c`� Oay��劾.}]���r%_�+�����r��㹓�r�stN^S�b���j�xYL9�\����˕^���re��C/Wrx9��r%��+9��E����*6�\|��rx��,6>>�mU<��W��w>��(�:�\������fAm.�+�m��w/�}⭸T���W/ȼz�)�[v�m��}Î��ӣ��j���Xp��3�Ά�vܺ��Z(�w�}�.N�_=g�`�� ����?��3��P
�X�/�ܢ�O��n�0h<�������Kt[�4e�T��31�G-C+��0
'�0���b�=>M,�0���q�R#g�K��%S{T�<ւ#�:�i���g!��򒈲@�y!�nHx�ُ�f�#V�;�_�;�$w|I�xY��A�8���?��<���8�X|\=�
	���/���/	_6�,l<6�$l<6�$l|I����+D�P�����b|8^*�ȉ�:9Гѿ�\[G�!��7�������a�`c�q"��đ˃Le����_��!]5+����t	
%��{�����:�	�A��G+�AD�61���)a���ʱ5z�bk(;���ԿC��B'�C�����l���{}]�~{����PS4�D͑H�ja�:J�k����A�RF��� ͅE})�8�<��"� �a�D��A��Gjz�0�8�9�#�Ȋ�8(U�m_�.+eC�܇�^���N6�J�+ J�Y�jTW�+ǒzNw�WPTaSe�%8�.7����i/���������/)ԭڻ=ܸn�ko�w�y��!xtˬI@	�������]�t����W{��^Я���+<���P�i�$�ΟԂ^c�)ަ���wҍ�Q��T,�Nf�D��_��s��1f!��i{�=�=�WZ�pC�!ݐYHPnљSmѶ4e�9��3�NQ����>7�`�&J�~K|w�&����m��b�VE��v��M3�R*�ʧ
���2�5�:^�w��؂@���fЌ5��m�W��1�U�'�z%�'�j�k���i��y����5��<mZk8w���3�|�U��̘��5��6��)��
���8b޼ޮ�^"%��55�-J��'4��Ѩ��}�2��^ۍwwo���mk�6�ׯ� ����s�+KR/WR�De]j�(6$!�@B�.��E��E[�Ʌ�/��Ǝ��Y&�D�P4�L�P_|jt~y4t��C��Qb��	*Z�l�����e�tP�u)Uً��Xs�@g��E�s��WM����Ҍ���+�J���͸g�u��IS�h
�:�\���f�rUG��ٝ�[H~�T_� �,�X�TD-�L�߸�����5��@����@0ع��{ҭw={ݔ�d]�=�hh�e���~������U�B�T�4&O����|l��uNRT��t�9���&����u�{�U)gg?$NSWB��5)��ƭ۝{��O��I�k�뜷���!8b������=��)�BfȠ��m���������0�I�ٷ�U^����z�`@^�`%��G�,�I(�d��\�+P�#�bQ>��cQK�iOIx�wl2�-�GY�ݿ�YԪl���m_P�Yo�x��ͅ����E��z�����=����m!	py�<�����/>P8�6˾��\tO���/���w1��-w
��~:drK��
��{�{�!��"��/pvŻ��B���`uMsRQgH�ak���4����gyg���c��p

��NY���Aqš�� ��p���˕B-0X4%`���r8����N�@S��B������s�B�1�~A���(Q_��
���� h�8�m8�_��Q��k�
�����*���ݺCįV������b榘VG�@�s�r_��r{q�Kv�%�ڒc��m�4�ʹ�Q�p�ڇ���u�����8�G=�Gf��ʏ���4#�iV��/�.����w�#�q"T�~��ﶆg��_&�3�jU&�n$\���bHU��,�����C9�ܟۛ{9t(zt�+��]�']��6w{��	�d[C��ɹ� �1Y:�墡h�n�@V�愌3�r�D8.$`�V�C.�cK(β�&3)!);3�x��64�P8��d͙L��\֜s:rYG.�o0����cn!�O�^��\ΚH&�k�>����ͻL ��C0�ޅ(�`��İpH2I�ϴD���z~��fTIB���%��(��P��K�^_������˒^?X��d�����zY�[T���Է|���#I�/Kz=�����ח$��,��H��K�^%��$��%I��BI�@���H��z1�G	���B��\<�@�k�@:�?���)�̘�b8��_ӎr�!6O�5\�/)(�д#�W)V��>����KE�1,���(�S-�&&<dW�
�
'����RoC��4�]T8�	Ἐ�U���*04��\�D�1J]5�暚Ze*� y�]o��	h�+��H$�4�Z��1R���p5�EP6�ɲ�9n:~mۿ��Y�V��B����.�(�y@*4I��1	�ш�ZVu��|�hy���sg��0�#�v{]���&zw]��<���LYx���u����#hgJ����B7�p� ���Kӧ%bS��7���>�aUၥ�2�s�\��������6bn��*,����a�����`��ʽ��E��]�F���б�N��(an �u�E�F�tz�G%Ϊ2Q�n�� ����sQ}�l?���v���>��j'�X���@��hdaOn��|�HQ�O�y�U������-�h-k|o&��_���Υ��Ԏ�]s�������Ϭ]��:�i�z���b)J�4=z��ęT0H��'N���W?��9Z}M�QbUw*J]���<������Iz��)����6v��!삉d��\0���iw/�����9�4Gd�v��:������̽H��*&�(��fW���ԀW�����	^�7h�T��"�Å̘Î�Z��͈{H�Zk�������-�2�
W�z�q�ш.!��"a9y����R���E��/H�^�@�"i�2!��g��`ӗe[	l��y���02H��ґdГ�%�tg��W��9�.�_".�~Eq=�%���/�+;(�|5t,2?�xI�����㓣dա�U17�r�<ƣ����һ�U�rS� �ѐ�X�j��w@�4�����t $��v�q��$Q�f-�#�E���l	H�.7и,n�.�8�#��X��\@f{���y��o �c�V`��7o���0�WRbIb��l�\�Ւ��-�V+���V�]%)�*qL�VJʵ��q�I�£\��_�ʝv`�p��ZYx�C�&qc5G�M�ƣ�,8�>���������Cұ�6n�����ٺ^�uT1,%����,��x�P��1 o��XT��4��y��ρ�pu�m�<�ȟt+���Nn>V�B��U(�T<T���O~ڈ���<�aaȐ��# MA�W?�{*ݱ ��wh��]`Q����ѫ_r��na5�U��Ai�ʤ�U��}�̋��}�)�S�UT�5�T\��m��?�}�%�	}D��Q.?�/��eZ�TڜJ�}~o<�aR�9+m�:���d*��w��^�W��[1��+��� �2�ȧ�^,M4Bp�*����8L��a�S28L���N�>H�N�)V�X.ű�
u�9p8.��B�0UƆ)�S%l�*a�T�6L��a
b�T	�J�0u��uϘ��P�zΌ��x������Ȳ�y���\��"����(�󃩸N�b^��i���Z�Q������+z�?ڞ�4�X���r��v��d�,(h��9�8�p�f��[�R��������,��VJ��������z �	C?�h��r�[VZ�w0)�!���6G������N]币��������8�8xA�&��7 S"n`F6)���h�7�6��V�n�%�����X������ `�Ǎ#d�P��`�e��6�f#I6y�h�T��P�����L���(����J����b�&��6[B�b�Z1��9�Ծ��S����q��6r��*�g�#���qN�+7X�qp�ii����LC���@�%�}��%~�~@=�撮���>��7nn\�ƭ�+�zl=��U�T-����aE�����w��lxt�7����q�Ofg��6-� ��0L�x��`����)�$5�#���ĵM�ʣ�A�hd0�Q�au=!6���h1n�9��O���S)U��$*#�
��*Q;A�ꈃx(&�;��0���eb���٬�8��;�.����mO�D��'z=㯬R&�q裠U���:E�_7)�tkس:���H~��=~�O�%�$����s:����j&�-,� ⇞>Td�w#%-�o粩�7��,� {j�X0�3X��b�:^���R��V��U�U�be�1��6�WU�\�H�׷ͩ��w~ȴv�jY����㟺�5�s�����g��J�œ����;Q�bq���愽2����$:!�l����7��{�����-yhD���M��!��3�0�$��Z��i`���'Y'�&ULJOo�4O?/8�v٤�LG�/E��_j�3
���<ӥ�8Lj-�M�!<3i����o�P[-L`}����hp�j|+�֎* e(8��Jd"Q[_��fQ�#�]0���ht�� �d"�Y��Z'TU��^��G�FB����(�a$�ľ�~�N��$V�H��rπ��9�C��2�A"���!3��Şϑ�`�Ģ���."c����P�98����Ũ�}�W�f�X�"�n�&/��9ye�T<`m��˄�6O/Q���pɍ���Cl�CI�cA�mi�R2L�ԺZm�����"�J��u�-����]����^u��ÎУ���vE���d�A?t�Y�Tj��o��PD�c=��w+��i&$~�ǼŌ��z�>=�i�:��AG�t�.Tf7��q�b�9vc��9\�z-wD�Oڔ�����'��h�D�+��Ϗ+}���w�Ń��?A-�������r�u1ߦ�������.w}�:��<I`�1���.̳u{�U]�������>�}Ux�V��v>?�Bȇ��B(���\2+�к_T-����z�`�P]�J$͉D���K���c6��a�|��\�b���H2Ϻzs�0n>�O�D��
P�}�b�\W�u:��t%\�+�:]	��d\��ם�}�;��ur3b�*�9�9mF�!L�+c:�t��ӕ0����t��J�N1����t%L���C9q,��såfđ/����{r\q�ӎ8Fz��8�pN�Vw�N˭�L��	�r�a�\�X��ZƲjg?uK�$��n"UnB<#�l����mGB��rvQ��in�w'����c�Q�b�0W1Ƕ�{�����_T�.���pA���
#Qz��9
���/�p�^����5#�%���@����7��oe|\g?�|ԕ�����H�I�n~��_�K'�Q�BU����v������Q6 G�t8�+ўɠb�$�ٮ$,��*;����}ٍ�r�Rn�b���hdl�;^!�1���/�|yT��l��ml`����I`$��98,�~.�H\�N��w��ǌ'4ԕ:)��'`c��0��I�piD��U^D�����y�	���W�X~Z8����u�S��-P�)8��=ś�
��'>7�����|X�ʯ|�R����}�H�q�Ce<�Vސ���d6��H��Z���.Üļ�����ª%�eɥ�5٫��&7fw
w��Iܟ���W�z�?�H�"�r�V �+q�����J�T=��v/���WaQe��TJ�2��M '8i�KE+��������Iӗ�}��}G�	Wc)h���ʜ��QC9�و���m��MP����CۆO��ay�%���ϩ�6:�-�C�??��|��E��ϱ���?�*℩��U������̭UW�����?�P�᧟��h���� ����[
��=�x�[�B�n7~��g��A�]���  T�oB ��1��ܩi엒OJG��<�<KGt�n��?U�!,�S�#�+�� ڥv�����G���}J�`1
��!8�Ë�����l���!3�4P`d6��7`��-�2�3��7	y�8�4�ֺ��弙"�k�Gc㺙�˺.�8ͦb��r�<�Z\�PX�[�́܅�;`0F�V�##�
?R�57���-}O��_��UK��&��G�[��)��YJ�����d`SU��Ȋ ��z;���SW��4�/{bĶ+&z� ���U�e�o>x�:�������Ќ�ϰig?&��̉E��R�@��V�#�~U���Yf_p �
�Y�Z�ީܩک�+@��`��Wի�eh�Z�,nк(���M��� �L4
l�ת����E7�Hs*Ќ��ֱ��qODC諴z��^=p���^����'b�����a;?����h������u��t ���P��b�qTx������CD!�_z��k��vc��j����_�~��xqAeᑽgV�<��<jG�ڀR��������v��u�[������p��V]
������i��c�`OJ�*�!�:��Qw���W��W�L�!�QߧٯzRs��*vH{��"�N���g�3
;�16���m��� �4�ڕ�� ���c� LG�Ɯ�<����T�JЯ��A4b��r7�̌S���"�$d�,6x��r�D�G�.��/��n���������F���?��w�z�oX�<������}��S�7WzlO�W{}�-������[��TL�T��]R\�7����]E��^N�����^���Ni��63�Q@�`�h0@����4IC��A��s�3�,�s�	�� r�bON���i�Wg�A�i04��F��+5	�%����˃������o�c��{e��mO:����;V��gl���{E{���7U�t�b������6];��	��D��u���)7ȃ��l���J���c\l�� )Z��l���Rت����*�����C���i��\K�"H��������~�q5���D{=K�~�zzFF�GUY1[�}x�N�}p��`/<��;�������=]2��QW��
����^a�����m��ªB�w���������d�1U�ԟ=����� �����}ml'�sb?���x�y�2�3��?VCΊ͉/�]O(�'<
��0��a�c+��gD�oO#�@4:%�tfCa�MnwݪZD���)�-�n�� �/�����#9��|�l����xkkh�����>&�k�'��T8���n��2�lni�8��(�}�{�KS]��@Q]l9s��v,�Ttb�X�o�򄎡�5%sR�[�TZ��Ub��x�a'uU���O�4��G��S�$"O,��&��0����+f���~���w�v���fN=һ�1����������v�ÿ�t7{?�WX�u�,n�7�p�xCma�s�6?���Kw�5����~�;��)awx�=V�\��)��{�4����~����6(yo��l�OK��^��&�c� ;�*4ϝ^��h�4�k;ad��t5� IB'~S��{{��׫6�j����X��#-��C,ʖd��%5.���תw�Ԕ���h�Q�4�+O�`�V�r�LO�pqW�H�3b�1��T1NA�գVNQU~���OԹ��^uo��K_��>�-�}�_�Zmb>�>�HO��Uy����w�W[n�8���ؽt�e �bquۛ%���eMY �W����rh&�Sҍ��K�}ާm�8�*{}:S?�o��HӬ=����t�>��0T��&�f�m��'��0d:b���NZѰB��a���O�ll��L�k�SA��Wh����Vy��h1Y-CZL���v�}�};��1Ԁu7��A)<���GN�N��PSEM�;7�B�b��6�Ln�$��3Ɋ�s�~'�4E�ICڪB\�8�4�����8M��w�KL���rLz�#5Ux$��H�
���������P��x^��CA)�{�!�
��=��.?�-��D^~�x$�I���T!�������o_�d�0|H��o`d������(�yX~��bc���I��*�4�%�Dʎؼl�]
�'z�F���$?R����b���ȓVY�x�8�Q�.��XYUE</^��KnL��I{hZ����a+�t��ٓ����w���Wh�{��A1�8,�~g~�J-/���+#�}�)#_�-���~5�Ks��P����l����^x�l&�~�MfT�@��f�IW��k�=��l3�3���G�����������̫_�]ﻃ��W��{ԦP�3�4��?` L�Wyh�qn7�s� ��~���82���p3x���������W0,�t$�Z8�����x��3 MB���xg��� �K�*��$(��A0�0Ë��_E��s`���2�ϼ>,���EN�S0�ښ�J4_evE�U̡�&D0J����[��ݹhK�rZ��rFGh��x����
�g�+27���i�u�6�Іo��9�����t�8;@_=�*�ǟj�+���>m�D���愲V1y}|�g�g�ޯ�5`��m���C�� �8��Ǟ�C�e��"�|�U�a���Vx�q7h�;c4펮�~Vf��0̩"����X�Ȇ�,�X1�l/��%X'�96+O�}�6�sE����d�)o=�����C�[gp(�Qqy�����ũ���8��T\~QnhB,4��oX���7k����}������/{\^��5���D�ȥ3x_u�u���w����m����I:W����B��)�5!�I���Y�d[o����޳���?E|b�����g�OJf%�&�����F�-��H6�&{8ZL�Y�."�MV�q�bd�	E����f'V�����L�K�R�.#�Y1^ѧx�M�a'9� �;��� H�;g3s��(��m��M&K���sBah��Z�r�^�!C�t^�!ԉOk����aa��m���C�d�b
�X�`�	DL\�3�����Ů���T�W��r��xˣK稱�+nG��n�-�vs&�]YU�d�'.�b�m�\,�}� �{��grs<���!Y}��E�D�3j����k�W��G���G��k<���7/���g~I4����t���mřPJ�^��[����R�An���p�¤t��ˁ����N�4���"���R�6Q�%�qn��l��I" �	��:����h�v��ɇ�ۅR�62\[����tJ���&O�2�m�݀�c:n�1��@���r{�m ����q&O1Y%��?�P��b��_�dG6z!���Ԙ��X�CB�K�*�*���>d���ܘ�a����t�A.p-�Z��	֚��׿if���w�߲6�<�B�>2���o1��'u�k��=�f�T`�C��a��9��,���Uh%�]~=+���z����cj���C~���d�6�u��g���J]#�8V�Ao'��	���}ǯ�a�U�S��hz#t%YE�9*Q{j���?/�S;���<ZA��lɯ��"��z�kV��Hd�4�f�D�q!XSQC*\����n/E�ĴV�Ã�I�v��%�7�Li����-�N�?��x�E�i@���d&��S$ޤ�U�Q��øS�U8�#!V����~'O�����x��D�XwL	�}fJRY�����p�n��K�A��vX�/7���B�����ҿ�-*.~�#f�^�N�/��LP!�"("E�����d�Β� =wz�<�
r�WWn]����7�
�puK��0��94g�ƍ��ڷo�_ml*����oi�����;����)U�|��S;�i˾�6]S�V�5���A��f�b��ׁ�����_X8�y�d�׮*ly�g!^w�(5�B��E��Eri]a���t��,}dZ��o���
?��,��=Y�m���"H��"��Ӕ�V�#@f���_�F֣�孴Տh��-K赴B��2X��#���Y�������p�a�la��n��a��r�p����n*l���2�`7�3�a�0�J����L�Be�L/��;�!6� 6� 6�N�R;�~���V���=��12E|͔�5S��L	_3������`�6�Q��_������f�����5�a��r��})��!��Yc�T8��xP6I_�s� �B��b��O���ؠ��PW�g�,�`r��6K�e��T[�P�10W���2<]�ެ�5]��Y�i����.�L
��jA�7J�(}�R�	k�]D�ط0��X�\�Ya\�ۈ_O\���߆o�?�?�7�켍�j�65�:j
��bc�m �P�P�p:qKd�14J����0�RN�=���>�&ܶhDmc��N�Q+�;��-����(���E˽�a;WjS-��#/� O��A��Afx��S�l?�c)u���]�4���\
����K���ﰶ�J�W���n�q�&��6�|��³S-s;��#Sk���̿�_����M���U|%a	z���6����m��Q
�1-��3�l�F�>��ȯi|Jw0H����̍�M̭�[ueT�6ƣ��X��ό*QG~
}}�N�cZCk�ڨ&m�Vp(�ћ����р��
�#�(��������(U�qچ�9�RT�0��4�deB�L�~���V��h�+q�ȐR���3V#����lh�A��|��D�{)G���s�Z#K0��ÿy@fE@θ[R��9�1J��B0Zh�BO����z�P�4�Ch�Lp�P�S��"kQQK�C��4��P��"�uQ0Ө�+�).����g^V������ل��{l�w��y�5�t�4Ox�M�]}rE��cV�4���ϻ��)�����M��o�����p�RO�"�G�ϲg���k#k���s��.J�5��t�ۥ�W�^����Sс&j���S�Ϛ?{e��Z\TY?�;�yz��9�k�fe���]k���R{[�w �d���~�~�c��M�J�4��"�W���☤>��**g��okSs���{g�#�C�Ʌ,��Y�d��q�T[��=o��=������M�8r�$��s2������Ff�'�2IV�ɲ�#V��(<]�k�,<���u�t�C͗��u���zC;C�!"�*	�N�Nr�B� I�J.':E�)I�X�~N��/� ��vq���G���/��U�+�¥i�X,�J�v�q5	������$o��7�݂���ȸO��3Ƹ[��#I���-|F�(5�fV���O�	Zc�5YM���.��]�����~��*q�9�`.S����<˕� w�Y�'�,�'�V${i��ZIg@�X,�� �~׳�	�`��g���n�V7p#�g S���Zŀ�diŠ⤂T�����~�������9��̣�X4��,��� ç��E9��ދ�#�ΕE<P�!q��a�_��d���|Δ�\yj;x��]�,�Y���}w����dR<���|�s�eO�}�������ܽ0q)x8�:pl}�ҷ�4O���e�C�P�9̏Ձ%Ҍ���NB���B*��Bu�j��Y�̀�U���=���ۜobxH��
�'��;[a�f+8skY3�$�,t0.��R�f�kVվYW@�$�e���h��B�J�\%�bs���C5[kAmmց�oՉ������$��,�r�g�#YV�Z����^�}����aѱ����6Z!ؐ�%�Q,��NS$��n���`̙��.�a=��Ǉ�r9�T���'�ꊁ>��44���J���<aD��y�E�(�a�?�2�pc5��zx���k�m� ��Z9��q�Sm��1k�o�4X%P�{p�2t��K@gқa�K��o�䭛�����-�FYz(DSI&���H�CNr��.� �5�׸�ێ�:�4���B�l���m�7�V�%`�( �͇囧�}��_t�����D��C�֋n/Mu�k\KP��q�$���v�5�.I��_{@{VKj��6pN��Ʃ[�t2��El�����[��'�|����փ=%��oxNq��㈓�����)�A3���lsͷ�H�U����t����e��UZF8s@��(�4�x'�Q�A�5'Ԩ�`��N���A�Y��뀕�B��U��b��T�`�i�i�Sc:��)�\�����Q:	|}�%���j����M���;u�k��_�f�?�����`6���C`�0���?*<��OwJYZ��$�X{[j�A�!�b��������px�C� �y�?�š��u؝٢l�N��� ��p�Yց9:�ޮr�I(���C�n�]DI��aj˺&��`�t>x&C�l��>@��.��}�G�"�FG��t9�9g$�iP�>mMmq)g@e w���?f�P��=�8�
&<q۾����x�2�����)���\G,{ꞿ������+��p��
��0ai�#l����B�W�W�yg��y?{���$}X̔V~�-��:�
�ʣ�W�o*Ox楷Znv�Q>���y�K/q���uު��LM�t�;�K̗X����3Hf�Iٽ1���93� jA�է�f�d�ds����z�. q���h�B�� �S(�"FA��T3V�*Nmw:�f��l�b���f�uh�ѐB�c�w�W�5�J���u��-�~�1�D�V��t�H@�Z���h�U%	9�O�p;�����:N�,�y�ć�u���/>�9r���Dʫ��G�uåzȹ�hF�[\d���,Oe���d*�,�Ć﫜�+�ޛH������g�첮#���~lyE��[N9�m#�W빓�y�%�*b�����>�y�X�@�\��g֮R��7d���E��2�;Nࢱej>�ۜ�lK�0���ځ��R�j3ؤ����|"�P��=ԭ#1�$)��p:l'6瑊0 vI�����x�VxW�v��, �3'��匹E��rj�c5�����
���,k���4/�<�w�TH���,�������X���A�0�O����UA�C�S�b��=�s��W�VåT-R;��s��^��ѕ��{�� ����͖�K{0*�F��>L��UnTq��^?��-�C�'��'~Иz �l�n�&z&@m$Ȏ��{���~��Ub�M�9��K.�ζ���Z���1��Hm�xʅ�Q2o6o7�e&��^�36���i�Z�u�y�ђ�jXmZCRT�l�h���W�PM%�����6����`/�X�5E���Hj��Xw�Ȳ<�S��'8��m�8��\2�����,1����Un���Q��#7��}~�\�Z9�Y���@Gvuώ�u��o"�%@Km�EfB�����}�\�n]���l�m��P������>�9rt���]fHm^^Yd�}�3H�+�<�{Y�_�l���(�)��e�U�;N2 �MZ��U��Iˈ��8`��壭�@���/�ru/�0v�MO�`x�u�r��W�v�]��I��e�/�� K�b�:�E{�?G�ܧJ��S�����g��[�s�t}Ԓ`�8�KX��
C��}�}���������x�N]pf��mZ���lK�e���v`�o��&�������gϞ>�1�9�;+�"�S��n}�/�(<U���S��3df���[k�.C���TS��k�3��y���*�r�U*����fd�(}�]'�c:2:F�1�,D����(лjP 
�CþV$!,�·�l;�wǴ�VK��~��D{Nn�LC08H�|��i�s�9yÀ�z����Y�h�U��cq_�߄�Ꭳ<����X��}��]ňK�]�|���b�d1+���K�m���d'.\9$aC��%�Ҫ��z��ui_ a1~����b
�F��6�O;��@���b�[g���^�g��ŕ��:���o�U�,1`�SK*6���F����4�6���:k�nM@���a�#r8�N���t��m#�6Fc#�0�j�n9�6)��HD�@�Z�[�R+�Ha2���`H�
��Sgl��S��N���#.'��m�Y3�3��h!�/� ���%�Zv+7H�.�I'�G}9g˗jy=�����wD�W��ȁ�e�r�\���|��W���}�"[��u��m������1�=����W���ߵ��"�w�{n��+9*����{+���`4���5�J& ���u�����j�_�v�4�/k��{"�=���]���쌈�$ 2��eC��^��SUHiF��x:�-���Z���Ӧ��WC�3�iy��V@��kv�/(�%��r�t(�8-�LZRќ��>���G��y�mP$N��!=jzz	 jwz�Fa���\�ĝ�9E�����>�����h_g]ugCM{Mó�c5T��-����9)ב�Q�ø���!B(���{�2��m�T��#gʤ���W��7��t�����=G ��&£]�6���H�ͬx͏�o�G}�ר��p	��e���
��ͅK6�3R8�Si\ߚ:A��n�R�V�K���V����'
����*��o	U̪�{�`��􅤤��R|�9t���q�\o�
$��n��ϋϛ0�zE僮C��2*]��p���
�
���*6?�bI�Z���� 1��B�!jWvWnW�8)�W��Lc�C�i����@��t{DQ]W�2�<eʄt"��:�^��of�8�E&L�:�;��S�M�drNB�d#Vm�i»�)�=�}JS���3���r�Nq4A�����-�v�%�䧩�pN~_u�X��-�����稹T,����+�]�2�3���������R�"��bj��.��oŏ^��񘊾�۴�ă���&��-����o���!T�W,�YS�\w��M�w�?�H�c�ôu6b�&�(\���i���Xl�ܑ�����0r��
����]�JOR��
:���z+�J�����+iE
�����X-��6Њc�S�����1Sq�$+L�i Si�T�2��@�Abg��t�D��4�Ce�L���ޙ�4��<dB�@��4��4d*O��4��4d�j�6���L�i Ӆ�w#����͞Ȅ������ʹ54X�#��<
W���sm"xyaf�аH=��aZ䣌�PK�y6�Zx�vi,"�AE�6t"~<X�H��0��G0%�X���c���R.u���Kt������^�Pb���Z�Ѳ�jG���91��0��
#�2h�����9�$�N|G�+���K�g���J{� Q� _��S=��P���)����h�[J8��X<��%��f��)���B�
��=�M��K��KZ��b�Ȗ�&�.����<p|�'(�*�x����ޗ@GUdWUw���@�	��K:A� !	 � ���N�^B/	Y�M@�QDE�mP�DQ�AqpW�Ee\d��n�W	`�������s�����nݭnի�~�]J=Ϧ�q�[I8���n4Ym?���X�W$��{�6��;�4h=�v-���!�� G��GJ�ѹ%�IPg�±>>)>=.#�����/�_zZ��hА���!��M2'��hNɆ�;Kv'n/�7$E������0pΉ��BM2&��=����԰����3ucj�\$$�+��2T�-EAa��t����2X!+K��TPs�h��eeÂSyeM���		�!�eÆ�+*r��bCCc���{�J/.�1R�����$P��g�I�lx��e�Gk���t����҇���w����ί&��]����s�>����
������q>�=j���3�)��8V��ww>_��9U�"���ho��Q�� ڇ^�ۍ��ן^|	�$�#+ʧ&�(C�h)x���q��Q�2��GF'w�\x���w��W�Z1v����D��_�Ȯ_qᗵSn�/o������~i�P�[{�zGYM����=�_��^���=N�T�/��CcTcTv�q?q�����4�0�h��������P��z�jI�ڒ�,:5����]�
�N��D�F�D��jX� ���=���E�V�R����kbb���{�B�$$�$&&��I�ç�%��$$&!x�����%�z��3�o�~驉�gp��E��BC�u����*�����}m��i��z�LM��d�'D��0g��1?ƨbR�P�,&��Ę����۰�gwg�|�M��p�x����w��i|s|ُT�b�׽�/�������R�}ς]RP����߬��������X�-p�zhƏ^�.��пlk��dU`�k3+k+�U�T���ߔ/U�V_p;��7��0�Z���8�q��_o���}���y�4���U_�W����+���b{B�G�Iܖ��wv(d�k�/&}B��Df�eF��֯g_MfZf���Ê#��r{�5�i��rD����>do��Qb`���塻�v�ݣZC�U�JB���dW�^����R��-O%h�j�)�M}%fy��kv%��f��df=M��n�6+g����������連D~b�J$��<��_��??��1����O�mM�-�-Ek�.����u�46�R�.wseŝ����;�׿���כW߸~���k,���_�}����o�*�Mywí�w�'�	�'�Hl5�*c8lЃ���8�wn'�!���`��5�4�:���v �6!]�[8�q*�Nh� Q�� �栜��>`!�䠜��k��>&��Ӏ(�����`b1�T�|��'Q`m>�F�AL{�IO�\�4��#g��p��j��t-����t��
X��
ѶBе0��R�8O�<*])�#��~,ҵHOB�
���~���"���\f�_2g�c�Dns�\�6��E(��c4�QZ1J+Fi�(����b����q����b���ɀ�d'�KjAr
`4�Z-H��0���G�8�
bU29=q'�&�q�&��!]��T�� � � ;@�N�6�	�d"�;_d��d@#b�w ��U��غ[�c�~6�G ��6�0v�c8ҳd����b�o3�A��Ct ��Y��`��1�H�L�Ʉ��H�l���>ձ8��Yw߻����z��4�#S#�v ��&F"��� B���g�x�X|��i��1ӷ0�70���"�G<K������i�h�}Y�a1�̀��� LD:�nH��5�B�~\K�zq��Sz}9���C_Ρ/�Зs��9���r}9��C���<���v��^n��5�� �>����E�s����p:1	�'b/ľ��|/3�=:G�3�m��f@�n�0��0�L���#�y� �p���x�ǿ}� Du�=,���� ���C+x�F01Q��G<K� �q	��A� �C_��9Y�o`<�&r-<�{ �`}/��t֧cM�!��	A�C�fN�����6���6���"�G������c!<� ��!hg�:@�:�x�}��X��5ݐ��m@kCx�r;Ca4 �F�"�9��I�$p�/b:� �pͷ ##ѯH�+��D�"ѯH�+��D�"ѯH�+��D�"ѯH�+=�D�"ѣH�(=�D�"ѣи0���i�O �@�d�1�� �}�N�� ���S����ELG��r�;K�}�z��G ���z���cbO�^���{�u��	�f#j�A��^���"�# �r� fA�- ��5�3�
�r�Y!����$���%`9�*d�}� G�X���UXS�
YĿV~NO���ɾ��u���ę�6�^@;ҭ�E���*�`�8�*b%��ڷ�[G�=E���|_ NC~��k��$�9� �n}�{ �Cn�9V�H�ck|kG�G�@��q0��I���b2�Ě����Á؂5��1���b�j1X4x��$�
�R�pz�d��6�i��������0��(�[���� h� �Af3�x!�Ŭ�7p6�_^����[G"VC���-�}H��JX�_�_�9%�uwV�+È�ak�j*�����2��p&�ܞ2�C�89N*���q&�p��&���3�h`9�վ�5`�p���c�u`%D�0�g ��9Pr��C 2���^�r�@�J�v%Hv�,�� '!�d."��т�
vVB$���Q#Y9X5�0�p$��q2��C�G��8т8���HfG��
<��T�GՀ=AKy��"s��
����*�y��zD���	i3��hAl�V+�R��56�q �=X�ElC���`����j�y5ؖ�m�����o,�ܫ�h�
X�V�XQ�k7N�!ڼ�k�c�D	ցjր�&��|��2b#�X�W�5x�������Bt!�!�lh�k7F���Ȑ���G5�&�j_ �#58Ck���l�u�HȄQ�ۣ���m��p��/�Z�kA��� �2� `	��_��D�
$�BFm��8�Ԣ�	Зc	D{�<8�*�� �&@�q4�Nʐ�`EJa��Հ܆� �`9�p��B�'�^^?rr"f�d��K��:#�3��YZ�Z�f&�ю� ��D_7�"�g��ޓ�<+�@&���q&�y�H���@��%��,І��˯�����z����1#-#Z�f&b3��Hs˧���(m:�*�����+�t��m��Y=c59g���qj��g��'[��}M�!�5&��@#�zD.���$���&������ӂ4��֢d�:�z�3�B�� �D�!�i�ׂ>Z�~F̂z-h��ڂyn���@�� [�����Z���Z��6@>s�h��ZQ��ZQ�%��_�C�q:�D�����L��(g&ư�D���$�j�84����� �G�p���jf�����=�N���oC�6��U@k�X�@lE�k��c���q|���6v�͎�90�8���@��E�ȁ��/��D/�8�N�ŉ���qtb<]�c �G�.���%^����bT[q�Z��V���oE�[��V��V�ۊs�ǫgn�i�qiþmط��a�6��
؂4�b	�|	�|	�|	�|	�G��}$�-�C�1P��2����2+��2E=?5���DT�l=�J��[N�ZE����&��A�n�=A�_V<!� �:Mt0I�_	:�,e���P�d�����1p��)�
|FЌ���|S�j�xD�$"�'A����"��kL��B҂V:�m	zR�a�Gh���Iv�,AG��C�t$��K�Z�EF���dG܏t ֿ%h^�)ҁ<����F&#������!�����W "�K���Rhe�Z/�V�K���Rhe�Z/�V�K�C�؝(th��ȝ�#��:�L�3
:"`[�ZAG�a�ʐ�1�B��n�#�q�^���v;�t8�Gw���h�� 	���k�&��k�����4���X��-h^ �8�����<�O�{��N��=t���C�N�rz�rz�#��4�ߎt���?��P�QAs9�#���$��Gz ��
�כ���rR�
����`����?�ϯ`?����������%�c\&�'Z��j<i"2�5�I��C�I֔��h��[�#ZJ��4d,�Y�����J�R�V@3p��v;�j�((ې�	uH��~ȱHt�PkF	����QM	��[X�!F��}���(2.J��"�ϴY�E�������H3�9I�M.Ձ�~�pe�+?��y�MF'%hPv���	������"w�"ze.�t|'U��mh��G���+Y��b�"(C/�oF�K̈́�	��VWc��h��u�� yܔ�6bO��Ƙz@?�#w�@G�Zq伀�_V��O��A{�Q��X\c��l7hi�?F��7y������m�鰘�O+�T���gI�7��#�b5�4���CH�`�3��)[d��F��D3jv�Y���k�R��p��v	�	��c�s�g��I<���,kcz�4�����6���~>#�JN_�Ṫ)����^���?�Hc[�����Z���;J<��f�1��W%RfDn�B��\-�$��[l��ܕp�n��Ď9ܱ�(�ߑ�]������8�p�_e�����<��&YS�t8=�-����jq�$����֔�l��VK�ǭ+�eW�l�o��n�(�M3�i���f5��M��,�4Y�K�5
����c�V+!p C��pi7�[#i<.�,�%W����o��X��:�٬�< Ir�s�.�Z\���𸬲;��P?��a��A���v:25�&���\f����
��M`�m�l���(�dM����h��Yr�v����۫x�W;f0�!��[�ٕ�imMVS���ѴIn�Yv[-��b�i����-���vM�lr�e��!sy��6��fvk�N0��5�d���kC�4&����A7\�X�McvImV�ŭi�]����x1 �D�?du�&�pC��1�<�S� ��)��ki�!�ȳ=��mm��I�G����
!ju�Z�M�ׅ�5w��x�E�b�ftc��$�������!����),���a�f�����{��]-��+�|Ќ�I�ت��]㴙5nO;���IrI��y�&�����d�Z�D�Sc�ȳM���=��k��f���k�S��Ӥ�8�f���io�'Z�2��׭$H��ٌ	
X�9V��V��%CJz��j�N�Wq�3K6���Vw�MjW*ͭ��c�f7y<-E99mmmْHsdy6�M�����r�����	����6�l>���J6/N Ep��J��cZ=<�[ZlV�&�O�v��69�	>d(���A�㼑4�6@
���e�l͕��8N\0ȿ�a<���Ҁ��60'�����Jn0y[��&�F<�"+ī���q�LvX����r�@����M0�@xn�ʹ�M����#�=f?�]N�E��8�ek* [`BB�[d�G�A��������C*�d���MΖ�+�Q�x�>M`rを��<�i��j���O��1¾�z�ఘ�k����(�xW.0�L4W:`��X[q%ވ?�r�tY��^���b����+�/�]�,W>�t�nƫ9����ە��O���Tx���~~��ͪgT����v����~��vl*\~Ǯ�[���K#ԙ��ɊZ��P�J�[p���q���8��[�lƫq+cDZ�7V��De�m���V�r<��Ǎ�5�`�>�eS���ְ�рۭY@)�|e�ր�8'Z�lU�N�:6lmh�d��F�-6`^�k�F���E�g��ӱ�w�:"��,'e�k�r8t�nYl���x����Ǉ��"BV�a�;b([�?>HJ������9����:ni-8^J�ʰ���moǶ�*6�J�Z����m>�E+�� ;͍����5_v���c���P�%���+�h�<�/���ef�]�#�ŘvKݝ:Ǡ,.уG��1�����o풿��U�6���<��<k��^�6z��D�í��8�X�t��,<6���)�8G���u�/��`�5X1�\���(�$^�C%��ό�;��W�����%;�%Xc;�����gN�	����e3f���(vH�3�-Ȋ43ƯǤ��Y���Ae\���:���kÿl�����$��b�����u�0]W>���e����}��_������;_p���E��β�}1�O^"$�Wb�_��;��#r��R2�r�]�(q��8W����W�K�*�Y�r�{����y�Zb��]��g��Ȕ]"����g��/Bޫ��y��u�k�?�ȸߔ`���[����3OWn��G����C:�\|Hɭ��I�/�����O�u�)#�aß���}1��s����g�v�ҫ=�)���b9�*B���n�2u��T]���Y�.�U�љ�7�v�Q����;�8�����*������|�ԟ���]6���?�ԟ�5���G^����w�l5eTEՄ?���J7����a$&$�"�$���đx�@I�ҝ� )�'�
{�T҇�������7��%.&r�� 8>H.��H>)�uD��`r-BJ`1
�X�#��H��0\�p0�1�:po�]��d����2�L#�d:��<.,�"h3a�l�df�C��nx����z2��'�B��,&7����,#��
rYIV���f���B֒u�VrYO6�@r��l$w���&D6�{�}�~��<@$���a�y���l%��'ȓd�Nv��dy�<Mv�=�������>�<y��H�������� y��J���?�!�:y��I�"o�wȻ�=�>��&�#�#�1��|J>�I�9��#_�����8��˷�;H�ȏ����$����49CΒs�r��J~#���G	�a4�F�HE�i����8Oh"M�ɴ�N{�ړ��ڛ��>4����h�N3� :�f�,�Ms��ꨞh.5�<�Oh!-��h1L��Ch	-�Ci-�tNG�J:�V�jZCG��t������xZK'Љt�L��:�N��t:�A%�@M�Le�H-��Z�L�Lm�N�I[�,�n�^�J��l�N�й�z:�Χ�B��.�7����.���
z]IW���f���B��u�Vz]O7����N�����E鍊�=t3���G�[��A�W�}�>B��ѿѭ�q�}�n������Oѧ�n��>C��g�st}��@_���K�e�wz��B_��k��}��Aߤo�ҷ�;�]�}�~@�����~B?��ѣ�s�=F��_ѯ�q�/���~G��?��	�=IOџ�iz�����/�<���F����An�bj�Yf!,���p�?3¢Y��Ų8�?�A�aI,�uc�Y��?}�4�7Ke}X�����Y��2� 6�e�,��r��阞X.3�<��
X!+b�X1̮eCX	+eCY+gl�F�J6�U��(6��aױ�lϟ�e�$6�ձ)l*��?]�$����d2kd�Ĭl&~�ٙ�9Y��\��<��ZY����6�]���l[����v#[�el9[�nb+�*����ְ[�Z����n#!�yV-�ey�����Y����[{KS�._�j�^��S��|u����V�N�p�SZ�������*JX�:-N��$)e`�Ir9�f,�mP���W��%+E�d�z�@�RT+�6,��f�Gm�4;�b�����cԊR8Var)�X�ץ�J7J�<�(��&�.�[���/t���9s���eY�p�n��7�I5�� �Z�� �l�HAr��j�n��.�<�W��d��wj�&�K67�B��&�d������9]�-�ąH.���&7z���b��o*+�fg�C�����fv�wRn9���4��l�V�Dyg2L�嵶J6�a���^�#msZ�� �'�3[\����I6x0��J�A�e�R�D�.W���zQ��qm�F�ߨ��o4�R����e�(�>c�(KE9T�z�EY!�aJ�'��	�yB�П'��	�yB�П'��	�yB�П�[lNSs�/�+[�R�<���n��r b��ːF��Y��P�=� ��*Y�-J��f�R�MV��&�X�^��ᔨsۭ6|+���B��:e;���C����M6oC@�,�
�U�;�0��-�E���!�Y�Hf��Z�n����$ڭ����]��iŢ��-a/a+a+�l���A�v��I)�ʸ7^{�M�f�H+ST[*ʡA������'+����2?l��T˥R�by��D)�!l�_����zD��R7Vz�6�h�"�RXeVU*VY�*łjUʰ�~�g^j�AXo�o��&:l��l5�J�f)SM��5�2OUᰨdX�FS�ъ)N� �
c~�8?S�~���z�����^��Z!�+��*ҽ��Z�W8:�Oz�=ُn�H�:kq���jX+;Ƞ�
��d,�F�mL(����'�M�J�a��ڔb�rhS�&���Kv[�!mT�d����Y^�ý��V�t��Bm����F�]�)^�|%o
�4�X)�;���-�p7�pt4��p��L&���*o�vVx��;���
-�w"$�+�^Wx�ڐJ���Gۭ|H��Z?���v٢0�X���� Ԡ
���r��	=�:~7=j�"�Jji���oo0K���Fy�$k����XUc����9^�	���&�j��^�7J4v\�J�����;��v8���+��x����p������ռc@3�nSLwx�l+L�[�jr�� a�	,2�Ƀ���K��;�#�����3�8�r�:Q�Eie�(���e�(DY(�RQe�(+D9L)�[8�B�N��	�:�W'�%3Wl4suB�N��	�:�W'���E)��~��报5W,��z�_/��~�Я��B�^���z�_/��~�Я�B�A�7��� ��~����~��o�B�Xs���k�B�A���s��\�?W�������+��
��B�П+��
��B�П+��
�F��(��^��kzŝ �(��^��kz�B�Q�5
}F��P�[������=A��	���8����3 �԰��Q�"th@@5\�=4Y��h|���]_3�R�%d!���y�?�8�:ޭ]��t�ҳ4�m^?��2Ju����`����Ё�TM�3��<V;F��W�㾞{�b��@8�e}�Vĵ�O��*O}be�9�<���M/����En^�]���]�6���8������I�o������|��]mD����4N�	TժcY�8]�6�_��FN�����LM�Ô������Ԏ�r����'�Z�&dY��gb�6_�-�W��<LAc���N;�*��(�gJ��t�,�p�v�=�N� �Z��h�`���v��w��	#��T�m^���q�$�7o��7Ԍ�.w֋sSV���f���?|�g�u[��ٺᧇG�*�g7��U5p��F�|'�X��s��t���SY�{?Y�聛S6ڪ�����ȏ���+_�4�����%�o�m����,��4��K�E/hs�a��(U�k�i�:��ti�xd�ir�d��"�A�����6%�R��i����z�3����mN[�*:�\�.�r<nw�Iʆzm�ԗ�׆v(Uk#y}�W�X��ڞ�:Fó%V�����h�W���_�J�Ŕ�1/W�����ci/~���{ٽ.�
�!~Q~����'���\X~䧵k�O�V���+(|�)�c���=w�8�~h��l^=����C���[��_�y����G�V���f���q�}�Yಏ�l�T~��<�o��3�~���<Pe��@�)�>V�nA꽆�97m�voP�!�!A;�i{G�]���{�x��{c����N����i�y�7e��wp����P���������R?����Z��z�o�7G&~�R���Ft,U���ϳ�����S�wW�O`�������/y����+;{�>"B���ٷh��L�+��kc�Epl�D���.��Lj�uq�kxuPlX��� 9Z��c<Ba<��6��K�v�a�qJ���?��J��u]/m�2~	����$��fj��i�/��d�XLS/���i��P�3��۶�����y+[�=�c�O����"={��Ǉ��r������:��qަ�}o}7�dۃ���n}<bO�϶�>;6���O�zw�����9�=�����^aGT��"r�w%=���dȁ�.{v����l՝�b�y]玘�uhv�a�5w^�����G���śVؿ����go�4���W�H�e�F��s�7�_u�t�����=��#�������ѽ��W��G^�>�lc��{�r�����4����tM�'o�Nxh����[���'�Ա�Ûmڼ5n��e/<#V�#�E��+�5�+F�6
F��TY7��ڼ͹��K��n�Pr�?U�Jq��U䏖���%Y�ؑߪ�pXB �
�tYFå	��#��fҋ�=t+���a����{=�=q�$ǧ��׿r��د�c#~�?�<q��[Gm|'�!���ޣ[tZY�l��㷓o�n��χ�����)��Ԁ׿~�p���\r�λw>:��܎��~#|Ӊ�/|{������2R�X����y\��޺�ٟ�Q)7�T{_�tO�ʙ��5*34�N�n�A3��`��4c\p�s�w���R����z�qj��\�wqj�Kc��\��*-�@Xl�Ź��=����� �i������֒G�3�-���"�I�nʀ-x6�hp|�vJ�p��i��6� �V�{5����?����~�?�WUt�s��\5����$�����б�>y�ǈؾ߼`���u�o?2��������w�><{�Gra��7�o��?�V����7Vn�~ӽ��]��=>����m#���C�N������5�?0�6m���̒��/2��|��볖.8>q��,/�kc5�=�'n����Z����ʜ����~���Z;�kZ[s�nL_���橻�;�Ȣߧ�a���7S{x�P붛�v�ݱ)���o2�L�}\���wR�[�<����?\גtW���#���?n�[~�����f��]W���N����6c���\JT�A��d4����V�,�E��ͩK5�n9h1I��)��O��uN�I�.[bC���U��MֆT�fKOm]7m��;1�2���NT�,R���>}��_/lλ��)��t����Ey{u���^��|:.�n�s,%�pF�sU�س�
K�֢ħGέ=o���d������y׊��g�����Q�mګ?��������bǐ'o�iKݞ�������ABɖ�u1#BJ~��n���3�����ȏ?�^th������zkoړz�ߔz��j��_�~��ù���^f�N�b�/,V�(��ˊ�6���׮���jϘ�˶"�� |a�����Z�N_й0��V�6J�aW�lV����H��ؘ
[�f���*k&�K�tn�B����ݵ�b�Uc��b�H6Mey��Y���ąf\ǧR&H6�YI�V=�y���aN��ݡNueux�y��Czc�y��v�Ԯ9\rj�{�{"�(�|������s��#w���g^�0ս�pӝ�2곬�E�4޻�~7j����I=�n�T�t�����bj�|��4��n��v�]w�����m�����G�MZ������������Yyg�R� ����X<�tY	�jK���N��͆ͺ���*Wf���u٪�لK���5�
����òj-W����Ŗ.�F�J��l2�.m/e�J�&,��
w�򩎆S����+wQ�ҩl�������}�s��;P�ʩ{���b�:e\V<�B�3E���q���mI��w���-�?�p�I�����g�G�u�n�ݨ\]4���޳���/V�s��i��E�������'������g�J��}�]?���z�km߼pK@㪱�r����mpZ~�-��UNć�}���S�2ߏ��9s��_�{����y���=�U�_��y�5!sBXT�{�׭9�";n�k�v�F~���ӞO����DT��_��E|f�.C���>T=Z���8���'�=�[�z���R��W�?]ꮰ�wy9h�½8D�D:���Kk�ɝ�҅�����w�����xH�Ύj�5���O����oY�m����7��+Zằ�1��f�'�Zqoυ=��㑗�w�E��9xc؜w��yjⷕ+?��}g��}��{��As�yϓA��1x���'�M���#�F��3;����X�۫���>��܃~^�d�>4�{�/���<����;�q!��_��[X��q���[_ڑ�d����ul�|y�>�-3�N}�9{&�^��]M�n1�AUO/���)�
���T�n0����7�a_��0��-�(�Yj��F�ј���i��0��rJ��D�Zz0,�xՎ��N���|��|���������]������S~��/B[:}ݠ�^�=�h��_�ߒG��w<��&�����sK�F�[aK�_n�.�Wڒ����<��o�n����c�����5�znyC���K�UA��>�Y�{���7<n:�ч�<�^�?�-
endstream
endobj
405 0 obj
<</Type /Font
/BaseFont /TimesNewRoman-Italic
/Subtype /TrueType
/FirstChar 32
/LastChar 255
/Widths 406 0 R
/FontDescriptor 407 0 R
/Encoding /WinAnsiEncoding
>>
endobj
406 0 obj
[ 250 333 420 500 500 833 778 214 333 333 500 675 250 333 250 278 500 500 500 500 500 500 500 500 500 500 333 333 675 675 675 500 920 611 611 667 722 611 611 722 722 333 444 667 556 833 667 722 611 722 611 500 556 722 611 833 611 556 556 389 278 389 422 500 333 500 500 444 500 444 278 500 500 278 278 444 278 722 500 500 500 500 389 389 278 500 444 667 444 444 389 400 275 400 541 778 500 778 333 500 556 889 500 500 333 1000 500 333 944 778 556 778 778 333 333 556 556 350 500 889 333 980 389 333 667 778 389 556 250 389 500 500 500 500 275 500 333 760 276 500 675 333 760 333 400 549 300 300 333 502 523 250 333 300 310 500 750 750 750 500 611 611 611 611 611 611 889 667 611 611 611 611 333 333 333 333 722 667 722 722 722 722 722 675 722 722 722 722 722 556 611 500 500 500 500 500 500 500 667 444 444 444 444 444 278 278 278 278 500 500 500 500 500 500 500 549 500 500 500 500 500 444 500 444 ]
endobj
407 0 obj
<</Type /FontDescriptor
/FontName /TimesNewRoman-Italic
/FontWeight /Italic
/Descent -216
/Ascent 891
/AvgWidth 778
/Flags 32
/FontBBox [-189 -307 1120 1023]
/ItalicAngle -17
/StemV 70
/MissingWidth 778
/CapHeight 662
/FontFile2 404 0 R
>>
endobj
408 0 obj
<</Length 115816
/Filter /FlateDecode
/Length1 181988>>
stream
x��	�\U�7^����}�}{�����>�,�0aHI�$v�.���PAAe�ɀ0��E��
�	�WeQy�߯N�L��{�����?�y<�O�{�:u��Tչ� 4�x�ҽ���H�2A��>�WM|��?O�XC�\��������x�֯�g���1ރz��/[�ߺ��"r������7m8��SU�!(��?������ӾJd���'�I���x?�q�QN=�"d>�#�Qǟyd�́:�E��x�Go�tF��k�!J�h蒣�ذ�����!г�4ܷ[NE�B�sGo:�'OF��Bd�8�SN�9p}/)GF��;�?���'_G��a�wm�p�I�����Oذ�K���Hʙ��_N:�����|����L��t�'=���������ļ4=h�9�P��;����A7k�������]��2�,��b�B� �f}�8`Uv]����3} )����� �5�P;���V����j�I�=�u�:���|��HG*>aT�j2���FRn�3�9��sd����b<n�Q7���D7��+"�#s6�����d��I:�p���]����Vz��G�(}b�r+��ڈ��]��i�B������J_�@���ҁbA�q9��(g��e�0g%�`���[�?ָ�)���"�㍻�>�w2>N�3�5T��5�B���W����0�A�oB�Q~��!é�_^��Qߊ�3'�}�_�6����#��n�3�������AG�_����,�YQn��k^c8���SR�v݅>�S�M �1�kc³fAg�E�-�>�Ї���������$ ��'#X�8����yϳ{b�gi�/�id�>X���n�>R@ׇ
��Nw�	e)h}M�F�|�@�n6��N�b�ƿ�[���{�f��q9h��x'-@=�m�P�u�W�oӾ�k5]C�N�N�)GҔ)O-�W�Z�<k1��u7�j�mH����Bq���>�#��|9��gc����1�ڲ(���ۙ�,s�]�_�g��N�u%���6��+hK���X�kv��<gX�>Xfe3W����[�K(w��Z�(���@ݎ��k��e��}8��U���n�^��Ao���C�a�_/���:��l�#PN4�9[ ��i|VX_�Y���z��2�d�6��m�M�'�����ݿ�$u����{�c�gZ��s]%JIz�k��R�j|�<�=w�n��8���a^z=�{��b��l�!S�N2�����Qʫ�5��Q��e��<_���Ǖ'�j�J9�r_�p�G�_�b~Vk�J;���F��Y0<�d�
���^[��)������h��O.�����+Ey�x��?�o��/��2�It���h�F9�li_�'f���z�6ʉ�C�q�z[i�!H��S�����G��ׁʰXd8N�g���U��}�Z�s����s�n}���}T�柳���'�{��sO�g>_��g�6���3�7�>�"��q�^���VQd^??����@?o n�G��Ϧ_��͞S�s������l�p��s�?��=_�p�������s}�e(?��!l��:�6� +_�a�6M�B���y_jh\ϼ�4�C�G(����K�0/���5��gt��4I��k�!m
�P�Ay�`g��z����jZ�^[���H�I4Dq��*��|����n�_k�W���\u���q�i|���a?���7]J_`;`�g�43�7.1?�x��)��q�w%�{y@� ���|�s?�2.�ƹ_�)#��O5.f~0�>��_K0�mt��Gp�O�Z��\LA�a~��k���qY,�6�0^�8K��]4�^E]�ۍ?��Q�u�|}����ռ�u!^�CNg7�7�<볥�n���p���a��G�9u:���\=4h��֪���l���+��$�+�v����u�<+�f����� ���?G�|1Xcއ�G�)o�"ؑ�������!�V�B�]��M/��&$����`��h4Z[M�N���`����m��#<x鎴̦�����g�7��&�;�}1�8��<�>��w�9I�Y;b�`�lx�x^`�y9!���}�]Bp�{��a�b��� 	O�w��a�ߘ�8OT#��[p�BT�j�h�@���a�D��d5�Ϩh�!Ν}�G<3,�(E�����r��/ D�F^en�V��d�l�o3��3�����v'�L%�����U�*��e����e�$��VE�K�-��	 �e��8��â d[��a��>��%�QM�n�&%
���5�@<�GR
!Z�V@Q(T�'�;�� U��T�nTU���g�Vz�� Y��}���E6	�dG���N���EN@7� =����|������-!
 ����\0J���q�&(��8`��%���C�4����7ޣ��y�(X����S�
�e	[���J�w�Be����vPk�ꔰFU�:�vI��:oS��=T�:`u5�F���A��p!�.���_	�����4 8FC��ia�/4.�Z�N�H�-ZJ��{��$-�G�e4�x����}ip����R��4�x�VI���ܟ�5^���r�$\C�6�Lki���Z��x_G� �Հ�Hx(����� 7���$<��n��#h��EM� �t,
x�<�6 n����p���������d	O�� O��O���t��tl�w�	:�:�L�x� x6���-}R�O�I���S ϑ�\:���G��O�^ ��	����W�":�b	/�� ?Kg7~C�铀�ҧ /�s /�s?�
}�������. ��N��.�"}�j����KtI�e�2}�Z	��̀_�� �J�7^��Ix=}���F��&�������*�oH�M�bc}���6}	�	�C_nl�[�:���+�ߕ�{��Ư���5��%����Ѝ��tS��C�;��?���o ��<��7�o�+�}�����Ư���A	��n��>L�o<G�H�(��C��#�g�1�|��|�~ �$�/��t�O�n��hp��?�{������I���sz ��`���K	��� ���E� >O�6��臀��n�p=���H��DO �,�Nz��4�B?�=�����6���Ӏ��)��~�z�?���F�_���|��|C�7�W���-z�/��^ �m|�^l��ޑ�]z��c�;����O	�A� ��~�����WO�.�-`�~8g�w�ۦ�ۦ�Ħ�����I��ڿm:l�u����o�ۦ�ۦ��Ц��ۦ�ۦ�;N��M���M'X\R��;�����h�[U��dR��'n1��f�ق��`2�m*&�*F�c�Q5�0U�6���d4p?�X,�_9����\�Vֳ͍�X1�+���h���b�7�2�/��)�=�,2��*���b�A���F���(���h@��l�tn����b@7��0-s50@n��vg��"��Z̖=Jf;'�lw�~��)�[T�Ոm`)�$Gfg�[��i6�Unl��t6��� #�3Z���u��e~XmحU��X��W�f1�7`ȑ���N��2[��b�0f��n���� ��X-�sX0�`4ڤI��F~ZA�oF��]S!^�`���D��G���G�G���1co+~V�	����l�H}4��#&�U����f�$	��Z��G���l��zN%~3�զ������s ��jrH��>2yR���U��#�k�)��a��		�������9\k*�g�V��u���7
58&Π�)J�u����	N;�����[S���e��E&G^f��f*97�T7�b�|Fk�[87����k��nUy*�!;t��\6>�,$3�Yꣴ�HM�Yy>f�`�dka��\V��Zf0�Fy�X��GH�d��>Z��C���
r��&"��}dQ�m,=�G���0K}d��fQ�� �P�1H�1�������rĒ��2'���E*��dl�͉f���l�١�6VK�>;�rM�\fA1x&�u�v�aw�� S��6��6�fw�l�R��Y��Y��S����0�`�5�6�5���t�9�&i��=�G��D�t9��Ϸ����!��qN��4�*��|��znlR�t��#8�����rf�]A��6���X���9
�J�٤>Bw�|r�%���c�Cw����Id 2@PX�Z�ln�s�Y�*;���*͚t�pPF+|VH+k������:�`��-v�+\�q��5M3,����lV��n��xm'H{ز����r�|�r��ŭ�	x�YO5�Yͳ~�y%�2���#� H5��M�����f��ȦʧԻx	k��v�q>YlU�E�:k`R�Mφo1�p���5�L5I�OdcÉ�KŰ;�Vh���v[8[�ͳ
��Q��9a���������3X���8��<��F΁'"������v3S�t6��-�����i�:�˂6��u ;��k�C���6�������;ͦ�Qa�a��T@��
�:�9.�g�p �N��z���g�ޑc��af�����1�i�4� �����<>������G��݁�ю�X�����G��Gh����X�(=�!������>JE���q��G�Ãf����s8Y�1�B�q;,�&Y����G�2���� �
�R,`�HF��)e��,�KJ�ᐒeE0I�b��Sa����	QZ��D��c�l�H9�@�::lN�������v���	��Rv�h�쐺�D���#9(l�Ê)��L��iVHŌ=���s��h����*�4� B�p~Y��d8��V��9�lƋR�v�{�݉����8Y0�P��Z8>����g�9�)��=C3�d�7I��L��<n����w6���r9���3��+�������GhbP��$��d�G�)�f7h���>�z��Ho^e���N�x�#m����@�?X�@�{�,L���g�9��������=\l<��=P:�,[�4<��f��r�h��G���5���l�0��ц��r�z�(a-{�l^N���y�Վ�9]���Y}�Ι;�eNќ����s�>J:�A*0?��&���]F� �q��[�G{S��G��-��Xe4�:anƉs���G�-��=��VB�p��N�����Y���ȸ������ �_���< M��zX�a7���������a�m>Ih��h����/B����)|1��`�Ǒ��f�p���V�l\P���>�6������sl�8���_s$��{Ê��!%n���e�3Y@�Tm ܎���K��u�dl�o���aa��0�uօ�7hv"�v��\.�ኂ��iw�]V1�谱�q��v��ҹۜf���4ɣ�r8�$��~N��x�_��cw�>6v��2�]6�n��>w��C��p�.+S�t6m����NLN�F��ř��]Hؽ����8�8�n����r�]�:ǔ��]�]�>*l�\�3x���wc0�C�^ċ�n�@�8�A���8m���/rL�.���@�<6�,�Mގ�l`�d�{mV�`����������X�|��������A��w��.��̞�m&C}M�]8�9@Bt������:{՞5,���7�p{�X/�f�����P+�!��K�ۃ@pۃ�,������lK-dM�q�{�������i1��ND�8?@���h���,�������d!c'\2"#86�p]��������v������ޣ�r�fC~r����%�i��妑��5�}ұ�౜&��1�L��R�b>�h7�]�Q�Q� ��Ǐ�zL8�P0l tI��NsL	!�����cc��r��t���Z��^L���m�x =@�<�H�p�B�2�$��]ҥz�����x�ۑE�t����mD���`�as~Xg���g��+�(�\� ����oux�A����A�D�fhd����J��甾G̓��>sީ�q�Û�)������ �{�܆����a���"�44a�#�dA=�~B�,܃Ě.���_a�n�	�f�raa"/�:��($��y��6C��^����a*Z����Za;��88;"ͳ
��I�#����h��sz� }����p�q��29��up�;���+���m�����tJ��!;�6:,Ag�!Xl�~x�A�x~�*��[=����3����nf3ǂΦ��K�z��^O ZU�����=��Ï���� G<��=QȍOnX�sc�[q:ا��C4j�'f�]0����NO	ѫ�Gn���OV���2_ �����Fo�����(��-\8�!�.KЍyv�}8����̉@ ��8��P׬�t�ؗ G �z�@��<.׼ ��`��v\q��\qI_~\X*f�$�����$i����x���J����	��  bl�Շ  s����������T�p�$� ����|�X����K�@{��8'��D�u�`c!����e�o��4s��9��9X���{-4qW�NI52�����5�㌺��a���`�Z|>����� X��/ �qC��Ʌ��]��hs|!�WgW4����������>$>�?�R�`��K�,��:br�6���vC�B.����4������9�G�N��f}����0�������+6���0�_����b  ������:`�y�C #���m	{�o�x�ٝ[zX�N��j�Û�#�l�`�܌#JB�`�ۼ�@au�l>���v'�&t'�,x������\8f�~0(?�I`��Z�n�B��
�!H69n������� �|��g�V����ٹ�묝�����u�m����;`sf�(���p�RZ<E�b�O��8p�|6��ˬ�Aw����p�4�_��]M:��0�T��6�m1?g�!���ǰ۰����}aı� ���!hsx�{�\7�A������G|~\UܱlR���q�M �Q���P�����%���� Sg[��3�NG�>�b�À�Aؓq��(��B���"������O+}>V�`���$@@8���` �0���=>+|\��/w>Wnq�U8nb�5�0\�ʌ�plc��#��Ra���	�,V[��~T3��&��%Y0(FI�Z�.�̖7,S�$C���a{`I�Mp��� ax�� b	�~�H�k+l?\�'��h	�¾ ��#Q��E��kig��r����=J�4'�!=��D�8ߞH������p@�k.�&�=Q_�7w��Xqdְ7��&�L%gHŅ�`�ǞrF���s��6��n�� LZ �Х(�`,���B�N>�^�K��J��1XE��������D�D(��P<��r-̄0�$�� ^���`+>o<�A7=.�C��p8nG:�����с������>�t�|���"�`$���_ �"�d(���/C��}�Z�>/G�V�;䅁4��|2��&ƹ�V_3�BBԃ`��F3P0-�6�'g}�4pɋ{�W-�ՙ,�ˠ��>�����!��2.�|X��2�)�Fl�Fbވ��s��!�}��7�D#\k��rސ3�1h�>/ $�h�!���i��ٛ���@ �g�	蜠�l*������c ��4��r��9��p%��ky�x㘏��t6}s����'��kO�8��`<�~�b)�6f���@�	�	Eb���X���zp]a}t����m�H(�p�N��p��C)o,
'c@�j8��(G6�e_�֜�N4��;��H}�]h,/� A첞�y���$!DE�J�Z��݁�(�װ�8~8�Ѱ����`8ѣ�0�"A?Ǵ~&�ؒ��~}AO���(A���&ƹ���֏��pL�x"Yd���ĸ��]Ӝ!T�~h�q�ɂ��$y�d�s�D�-�����k�U�6X�%�y¾PZ�H$�q?O�E,���X:ε�-���
���+���p=$�D2��V��g.�������C�x8�')�s�*3�ηߟH�@ڃcr�&�\��9'��`����$���d���tJ��!���z�3��N�Ѥ��&mQ��p����H<�3���"P":>����P�hm�x4�fr�h,�DC� �d8�@Ǵh2Q.'r�H1����"�����	��$b	(��A7�1n��g� `��ʕ��D�v�`��:��`����s\.X�`[I��)�L��T,��R�|"CX
���+�~8t��;q��	,�[i��)��2ͪ9%8���A/G����.�\ᖔ�m�@*�k^�<Q���ePђ
��,�g���p��
�'�P|=�dr쾑�aO�cE���\��i=���+�O�<�إ��K6戅bpu���'�1����D�z8���	w��,%aZ�Q�dO�-s�jm+���w�`:N9�9_�n7h�'�MML9�a=�_8�`0�H����tJ��!?�����	Ψ��Q���^ �uG"��tܧ�DJ�C��h�"G0��I�����!Z�U"�D���R&����h2^�z"�ׁ"K���ޞ.��m� ����	��`Яc+�P6J��Z����H��xʅp��ڕ#\�c�p!��5�om���B�M�t�r���(� ]�%�dIK$���ӆ�pԉ�5s��p���E����(��Y��ʌ@ԃ`'�d��E��CN�xX/�z��4/��*д��*���ׅ�w������K?�˯��� ��>�N�D�fs$|���f�ZX��k	g"��J��|�p���$��E#�h Ny+�	%�C"�N�{�2�*'���r6I���l!�;��@�n��LN3�&��\4���a'�l©GsQ�j��Tr�T��v�4Ψ�É,���J`tΩiI-��iZ	��c��3��3�'7���4I�Y%t��H�|�p����9��i�p.��K9��颖�tue+�Tg��L8�惄"��g ���"�B$�g���B���@,䭖�a�Zo�pUMD���AL�	��O^/����~ET��@@NO��AG�.h"�P4��.�����c'B�~�͛d	�rM������2#�����|�����s9x�h2�-�����S�h1Ch�s����4K���K��h��2[ޜL.M=2@�\	���ZH�G��/@�0?zH������9�i.-��s	䨎�.-�uHR�b"���Q��Q�r�v��/���ݓ�K�:�`)���B\OŢ�R"�J�S�t�@Sh.C���b��y�&��j�\��&��jdH%�#6F�m:gԽ�T	�Ћ0���u���_�۠KEi2Z�~-���AC�+J��E�z�/��K)=�[�,e�E=��2z5Z,f2mE�еl�^���:���Y��:�P,��&��l%+�c�p0G�� �%"�Z5%�*����e�1.U��|�� i�
D\į���bQ/�Rz1ӑ��>�O���A"�xʍ��\��!��#[j�!�b��q�C�;%���!�.��nȢ^,r�/Tp�+aZ@O!V�ǻ��^�w3Y�X$c���������/�$?y6�:��LD����T*ǋq��\$At����Ŗ"�t7l��B��9v�n=�uH�Rk*��?������
ZZ����'��w/@����,���t"^jKݩj�J����\.�9�S�T��OLƑ���T9�]M:%�ȐJė���q_G�3�x��~���b����29���:�Klp2�֖`&J�c�P'7IE"�D$��p��\��E��\Ж/�y~>W����|G(rz��+���2پ<D�G�AH1A<����T�RI䣡"Q�?�sEt�����d���B������
����F0��O���'���2~�p���*���b:[.tsY��z1m,�'�ĬU�B|�IǊIXbg@gA���(�y��Ҳ�QM2��@2��6���{�%n��v��
���d:�L�MO9��d���-�`�۟�Z��_�ee��Y֓g��r2�&�:.�mmm�r2�c�p��d��̵�'�ʆ�i�d1\��h\�I���NE�X&Y��'9'�JzV�fK�Ҟ�r��	�r`hA[�VȤ�m�'���rM��\Nr��+�旟0�\L&��r��qW�NI52�Þz�pW�3��d�n?���d���)B��p��U.�+�\6W���s�HړHEb�G��c�d*��˞.*��ln8�����R)�ٖ�T�Rl� ���J��H[o�0�Q���0$�j� ��*��Nuth-�MD��,�Е����Dc�]k��3}]�P(S�"���'\ �Lo�R���+���;:J�|��u�R*!,-dB�L
'+��f�ߝǼX̟OU2���
O��hb��<+J^V�����%���jc�P~QG����/PǴh)�ɗ2�1�Yԑc��Tɞ	�1��$����'�f*��R�Ց)�Jz����U�tdb�X%UIW%S�t�:�V򗲥hG9S�U0-9������ ��R�L[xd,�93�Qh)������$u���"���,�k�V˵�`�=��;���D@Sj.wd8w�����10��ɔ��9�j�)�F�TR�ؘ	V8�ʴ�R?*]����*T�U*�m]|H*ݵX)��ަ�Y.��k&�ҵJ��JOK[>��tWڻ*���je!��Ju�(*���JWmr�>Rn۫��SQ=5��2U0���V����lUKt��#��u�+����u������'��¢�`4Zh�G��ݎ����Bl���d�V��v��(c�j5����+=Z�}�,c�ZY��$̉���&F�g-�*[��6�B��o2-����Z����P?�%+�B	a�$���]�d�Jy��,D��Q�Ab{�-Spw\��դ��Pի�Jk(���/t`Wjzn6R+�
ݽ�\���j���\�%k����_����
Z��V�/�,p.,]�
��-�.ؓ�S��	ghپ㽽-��B�wa�;XJW��J4�s������_�o>��Z�Pv�J�դSR����Zl,D�j�Q�*�H�G����;���k��$l@wgw?߮j���*�?�|A�K�`�^�3-��Z7��ݵ�J'�Ua�ҡzW��V�������X?PԪ]õ��ի��vt��U�gy}�$$T���Al�\\���+�� �Kj��;���ML���D��`P���KF�	��`"8��8���^����o$]��=8X쩢��S�'�r1D9�(�Y�V1/�W�=�|:�K������&F��=kUV�e��y�<�hU"Q]>8�m�X��0��k�r�^.����ULV�%_w�㸧����j^��}��L��|����z�7X����Z{4[�pQy����{�=�r9ރ `p� ���zk]�"�{�=��6�ׁ��h�ښ��;�=��ʜ���C����=IC�U+�p��?`��ۺ;�克����xǪo��4�`��Hu��7s9o\VG*�դSR���=e���ػ�3�rm!��3�wyh�H�����>����{��#��.L׫�j�Ԛ��w���|�5_*��K��`��ZO5�.O�7��?ҳ���׳Oyd��o������3�����Xн��\�k���iH��,�G��j��x[!3Ԛo�3���tU�ڪ}*%�uGOP8��W��N�4���±�|Ҵ���겡��Q�&rաޕ����C�����C}���vU�j���U��#,�j.�����\:�^0��GG�e�Ğ�.�̈j/�{�u�V?`t��TF&Ñ�^���W���:�9`���ɪWK}�j2��a�z0/1�w�Q�b|_Lɏ@��z�7���z��]������h5W���J�jj�:T�Zo���7;ZG��0-�\���%K��Z��:�^��ʹz�HWOWo�H�Ȟ���u!�b�a��x�`O{u|��h���ث�:h*���*��D=k�jl�Z퍍�'j�դSR�����*�X�VqF]���#�C{�l����N䆆V�B��}�}C{����z��^(�;b��z�Tm/UZ��b�jelh�w���UW8�px��/Z�>1�p��	��^>41~��K��nXQg��5�z��}X--�V�˖u�c���\!=���ꭙu�kU��'/�h��[��\���Z_T�&j�I�v�V���M෼XZ;1141�;41�vl��}p*��Z�^�M$j�}��V,&z��jm�l(�7��'&�9�nc��+��Ej�dk��'����	غZm�����2L+��zfm�C&j���ζ�ޚ���^��K��fB�|J������¶�Ρ�TJ��ܧ6Q+����ڀ�]���׆C]C��^��Xqcв��C@2�Ͼ=�Rw�@m4�ac�s������Z�מ���G�%?�u��F�ɕ=��U����`4������{���Zb�VJL�.��&��jdH�{k��1Ψ��I$�cl������&���-/����.-Z8�pl�dqaO�'�Y/��t%���Uj]����D���91�rp��X�t�~��,\<���|���ˁblh��c�'O>y��F���*�Zۡ���z}���[k�[��Z�j�x�����wd���^�������u=�򏀫�%�����)Ԅ��_��^:�L�O��/������iu�z�z��S�ð�a��PÕ�Ϥ���S�L���O����I#���wu����2�5��!���-%cʸ3�L0�h�R�53�ِ9"��^��)��yO>����\�1�`�������/�_��)���t�������:�B�w���pa���px���q�T�W�o��P�σ�A��ԛ��2�g8�pE���_�~8ô������B�A��{A{׹&��3%������_��1�<�?�σ��yڏ(�O�h4^%j�ۉv��޿ϣXJ�J�Zvw����~�V��p�_9p�;�{��;O�yZ>�ӽ�;?�ʩ/��;��y���~�ꗮy馗.%z�<���K'�tj/-z��Rv����;v��X����}G�}Gl�m}���~�k�_�Y�����l����ۿ�}�����۳�����I�R�f�_�?e���r�r+}()U��%�#����!)/qQv��v��8)w*wͿO���T�:]H�Q.�k�t}�.���-t3yh35���ޤ��r���0m�7�k��+���F7�m�8���K���tm�'�z���m�c�	=E��#�g�Sz��GG��t%�_��9M�?�g�X:���Mt<�@7Љt2�D�Щ�q:�N�O���:�Τ��S�I��n�s��8���ПhF\-��g2Ua��?ŗėŵ�:z��%��$̴K|E|U|M\/n7
��
�������zW�,�!�)�%�-n�����w������bJl��w�����,�w������!�bF�#\�-<�K/�N�~q��ODP\*���Cb�xX�D��O�����Gģ"&�"!���G��'�B�)�����c�q�xR�X�D<%���Ȋ�ȋ������3���t�(��h%z�^��g�%z�^�_Ӌ����7ěb�xK�E�U�-���DY������x_���]�m�EQTŠ�bV,�M�*6Ů8��R܊G�*>QQ�J@TE�TBJX�(Q%�ĕ��TR�fESҢCt*��)%�䔼RP�J�R�)ڢ\"�t'����4�A�����.�����Z�3t����>/�����JX���nq6�0��?���4�I�&t���l���������� .��X<�Lii=���ŖR���Rm��ջt����-\4<2:�x|�^K���g��}W�r���?v������C]��;|�Gu�1�w��N<��SN=���3�:�����9�w�~梋/���K/��s����/\�ū��җ�����կ]Í7}��o|�[߾�;���}�{߿}j��w�஻g����x�?�����O<��<���O�Ϟ��/~��s���޾�E����Ë����,��:;ګ���r��X��=����x,	�����q���?	�QAm��%��S��S�Bvb����4l�@���4��|x�Tz�����a�<�##��#��G
Oz�+m��lzj��lzF���_�8�6=��|_&߯��N��:&��#G/NO����%��y|�b��b��eǎ�U�h�͎W;ަ�ٓ���B!_��x��,N5�.��f3Sj~|�Ʃ��_�����)1vx��)ʎN�[���L�Ʀ�r��1��4��m���f<t��V������L����V��x*|�k��U �������qu�x�4W7o�8=u�~k>ث3\�80W�/Y�y	����i!L>o���#��ܲ����5;�=z��!���)Zy�>����I�����k��Ԣxv�ŉ-ڼ��;����{*m[<�&7��ܳ/�_���or8�M��g�`��K�S��ӠdM�epD/m>�7.c���6B�LY��o������y��!�=���?ܲa�Ŕ��C���1�_�{�jm�*�Y/�c$h\(�*m��(/gO�� �h�L[����:K�ҙa:��s�[Ӭ���4����R�s�ֹ����s�\����Y���h�,������?%B���#��������&=�y�,o'W�����}��Q���We/4q��`��qL����&o�1[���E��Ly�O4�Z���'�4��Y�{�,�S���|��!��Ul((��ܼ����%0;�7/ɦ�l^�y�L��òiOv�=�����O_?'љƽ�Ƨ�\��8Z�C[ݒ��eX\���5�x#_�z�4����ѵ[r�[sO�V�*�\Ks�&4}Z�Ȯ�=�D��^�l���g�6�\���g�f�G�!U�%c��c�����G�e�F�)#��n�PnGy��تn�c|�6<�gkU>�[J�{�c:V�=�nU��"ihxp:�=L��ξt�6_�(Wj/����ME}@}�Z���h��ޚQ����t�Y��q���tg}xFy�D���c��('����E�)����P��[;�"�}�'�oQ�Mo��/��v��U����f\�m�N�.�-��.m�f|M{[Sn���~��Oo۾M�t�W�ݾ��m�m۶-۾L�t�W�}o��˖��c8Ǩ����*nU<�����6T�����ՇTþ���9���v�!�i���xZ54;>�4�]]���I�GBj'Jx���J�H�v	5	�6$|��z����)/�\�P^FQ�����DY�Ay�O�Gn@eʡ(�E�'�� ��� ��3�p����x�������bH�C�D��N%�P�v�ο]�<��SY@9tD$T����9�rΫs��s�s΃r�%9g&Ǔ�R
�]���,��ɔ�ݔ�/)�oR�SΟ��O9OJ9�H9W���)�����=��8+=�d�sF	��^�&�}J������6��O/���^V��Wj�a��T������F�ȣފ���,�v��"�q�Ml��)�x^r���ŧ�#x����6#�^����eW�����m����J��i�(`DH?�k��P��1�-ԍ�&����ìۧ�oA�l��E��`�'��ִކ�oN���ƴ>��ק�C��M�@.q6/|�8��I̧3#A����ĩX�x<O�]�D<�����1���x�#I��Ӏ|�5�,Ô���P]��~��z�t��tO�U�^']b�M܆��E�C5�dQxZ���mxX�����iZ��t�)x���N����a��ko�۴7��u}m'���!������]ۦ�Z�K{����s���ش��|l[&O-��i�����'�aqNk��g��]{�>�=\������v��}|�؄�ߞ�w�ݬoӾ�`F\7��n�֮�/[��Ɍ+���j��������hg�Ȼ����@���#����V[__�8p���`�S�@�E�@�{ܷ��>��k��yZ[:0�0�۴q���_~8��.[������j}��kU�Ck���3�V���j����im�����,�C�x�j~�|��z����]�s�\0��is�������a�ɿ�b�(�f;����0y���̚ �|�(���H���P.����BQ���2�jt��ur��X9��:9e^qК-B|n����z8M��zwUvF�ࢍ�Q1囤�գ�R.�V�^3#<�3qv����q~~��kПJ��E�z��,�߀���uw��~(EZ�S�L�Z3ukr�T�_ɵ�S�U�uk�Q.Q._|�r1?֮�G�K�Wr��-^�ar�؄��<�����&�;L��`E.�0����0��x��a�rs\�DG���,_�n9���%9� ��S���-��rTj����v�E<h�� ��x�� l������z�{E�{����ݽ��}p��`t��?���?fը�\�f��F�"��ϐ礅R����L�^W_ ;�k.h��(-Zi����)�jV��T/�q���2a����O��5�q�Xhv�vUF*#܅S�].��vE>=�c�[f�<h�b���1���ǩH���/>����&bp꧞ڊ;z�P�hm%_<��N�8�����S��q���sD�}HCI�_�8Q���P��k�����(����NՏC��li�<�M�����F���x����"��;�B:��b5�A�f���ޢl�Az��N�A^�.ZJ�K��� ]�9Y����O��U�6�:YXv5h:��J���D�&u?��[��0oD��AⓍG�7ަkJR�^	q�a	�BX������k"���::�΢[�1�i���t���WR�EW��ax�q{��Ƴ�
h!fG��7iFlUtu�q���P���E
�ء��+G�;�t0�@w�V��=+���i��ʯ��n����щt!]EWc�-�]����~�*�[�q�E����k�)�=�A���zO�DQ��.��w��_}�p��f\ؠƗ���y��}�.�o���.��Y�S���n!�Ř�����T^�_W����O�D�lJCK@�2:��F�p
dz�L?�g�7��0ç�"q�ة�ެ~[}����]�7�h|��J���<�Ok�����%t�y=B?_^�.��U#��&�__O���(��&�O+/�u�J�U�m�����ozh�3����Qq��Xa~�>�>NN�O��/�����`plr�]*��o���7�!e��+��|Q�C%5����5�M��a�p��׆?�i<�x��6�]�w]���N��ث�:E �E��q��3蓐��KX�.��y�58���AoB�&P�E���e:ŉ�Bq��C�#���ߊ7�Wьҭ(�e�r�r�ה*o�~������������?7��1!��q�q��jӵ�[�E��0x��U��K����:j�5����5F��7nn܍��Ə/6ޚ�o!���)l�	X�O�J:����!���f��/З��۱ϧ�������/�W���(�����EQ�z�+w;��+N��3����%�r��q�̷�q��
��Z�;�N܏=J@I*%�yLY����\�\�ܬܩ<�<�xQyE����Q��q��Z�{�T�R}V}U���7C��3��F�q�x��f���G��L�fL0��1sμ���/�K������'�qy���Q��,Õ�׋y	Q��h?�]e�U��: ��(g(6��7@/s�q=��dZ,�*ҵ�%�31�|X�T��K��+�0��T�QV�@O�A�kWR^9LyQ��ХڰVJ}�p���:�8�����T�B��UV�_W^V~F6z���&�8O��O(�,q��'p���r�`8H}C}�P���à��R����5�Q�+��ʕjA-0��Wt��P�����Y8p	XۻE�8���:�-�oO���t:U<nR��FhrN]��".3���*���|�[�$�\)+�O�nnQ�T��5"H�+ߤgv�FLA�T������5N����bĔ_�;w=�>FP*NU'�J�p5lT����ނ��R���0E�c�)�FϨ���>@O����[�B����İQ�W���I�f�FG��?�w��xLY*:���:sם���1�~�}���2�ɕt��>�k�I���`��e���?�y8�m-<ҵb����Y�<��ڛa�;u�8�^WN��xU��t��tŮapq���K��0�.��p ]	�O�yU<��ER�c��D���~"�V"��[!z���Nh��%"W����<���Z�i"���~H�I��(�yq�ED��(��ɣ�RhӺ���ejDY��{�����g� E���[U��ձ:V��g�'��f��a0�$73�� *b Q�fXׄb ����iͮowu]�-��ӎ��{�s�{ ��{���NUuUuս��N����#T�4B����E��Wy;B5��އP�����wJ-Bh���F�;Fþ�P�2�����W�B�{����e�����I��Ϛu�
�����@s���D��6?����b(�R��2(�rx�e_!��^��*Z	�
2���]�g"�&��u����7B�n��}�u��u��so���3n��u[�t�}=��f+��fx�ͻ��׷��[���soy��
�n� ��{+�i��� ްd�>oډ�Ϡ��}����\ ��e���6P���u�Ve;��>ЍAF����.� �wLAh'���9�0���q����'���.��.x�3P�� �����_���o�{�z��L��Wc_�w�y�8�� ��L@൏ �^�8{���a�����>� \B�W"���
����^�k��_?��P�7�#���-��[P� [o���ٽ���6��HT����{�����.��=�|߇2��x�} �� x�!��C(��FA�?\���P�?������G(�ǰ�|�Opϟ@����B'��'�}X�Ox�_�g��;����g��~xV?<�����+��W�_=2�
��|�[�����o�W߂l��~�~| ���=�����T л3�3g�_?�>�u��9�8�:<<�:�B�R@��sP�s��AБA�� �m�12y�J��7C`o� �C�NCVD�#���9���f^@X�a9��oV<�07a�n�U~��V�0Z ��)��pM����]���1���M�@Y���@����;���{,<P�eY���\
Q�)@�|a?�ê��mz��6/�k��gD�^
��(�š t#���w/�k������ ��C������?ʁ�=��t �O����@p^�pD����p-6�U��	���p��?.5�J�,e�N�����$ (k� �\� �U��:�Y�+���s����VB��YU���@��*({�hµp�v*���5�=d�w��@����@�P�����n�p�v �]3Ա��2i�Aꇰ�	��8�G������������A�- �V�D+ȥ�n��@ �6�u�d�����n^�Cy:���"<�
�:d?x0�=x5�40;�0.��x��x������\'|��9��ߝ��|�e�ZϞ<�������������mDx���e�u��w�=�O@ �y��� ��? � �����B��B��"(�b��b��x���2��r��r�˥��K�w�B}/}�y���{^��W@YV�w���+���\W��]���xw-�}��:����7���P޵�������,���2Z�]�[u���r3���w�a�n��6x��@��;������;�,w�,�~�t/�e��>�����C��z? �~p5��A��p�!��#�;�@]v�����Kx�p�P�]n��>=���~�y0�<\{�� ��u�2���2��8�?�zd�`�\;e;�9�>�8�x��
��(�1�����������߀�	��-��-��;P�w�������^~� �> �߄?��?�~����{�Y���p�1���ק�3���� J_,s�H^Ǣ�=~	���ʽH�d�n?��,98��M!����q�Ǒ5ΟI�R��Tg.��p�¦���(�v2h�Ke��2���}C���dˑ2��/S_!�P�";uB��p5���4�����2������8�9iT���UT((���I��6�nk�ߙ�L������}�I74`��� 4TV�nmim�h��!Y]e1��,EK��?\[��W�++N������BKO�薞|3VP���'K�ʿ�?&�l�\�H��\�ג6�=X��4�XZ����������4����gȁ�{��U��ܙS��&���ɺd�@�g����Jm�/kJ4)4U��J9�fZb��}�niY����%f��ᛶ���_<�:Eɖ �"'c�Qfq�I�8�^�8�W9�,��jX^'hY� h�z���MAK�mVe�;����P�&�UC��V�\�q(�z��Az%8�A8�i�V��&A�������䤋,�Mk��x�VC~h����$S1M���l���vX�����##�J��>� �{>��
�
<� ��y�r��I���:}@.��;r�	g]�7R���LfL����<r���@�a�S(�֋� �l^�P|�@�3w&70����)v����p�6g$��_"%�x"��A*}��_.m���o��o,��ݿ�[Y!��U�>�js@���G}F����m���L�e:�L�e�폧>?;�֩�Og������N�ԭ8���wZ��ӭ�����t�2vu-t<��
5�[�t*���UW���j��]Z���n�y�jVg��ƃ��2w,XZ��M̈��cA�W��b�!�ǤRyx}���6<���R܋�p�^��s�v��z�:e�/��Z0�{Y��0^�j�V�=��C7���j�
{U�T�*KEN��zT���S
����R.���6L��=���Ay0K�E���Ew1=��f^�ӐZW`���b��m��~ce�Y:p �T)�a*��`��|
X�D[��Ǐcs<%]9�ɵ�y?��*=0R ��������`h`���,�����R��(6�B�1�ԅ�c��"����Y�@��5�p$f�f�@[���D8B�;H�z�Rꌎꞑ	�#F�w����.���;M�2sª�cd������ml�;�$�_}�$��6�����uQJ{둹s���ǸS�OF��4�|��i�K1�����t�Uy3�;�(�^=�G�$NRS�Tj>�Om�tՋ�E�p՛Uj����"2D�JG�1m���4w�eq���H�޴W���K4;;T4��6��'�6mi��D7eq���'J��jQ�=�ֶŶ�F�����+X��Z�ر����̀�¦�R���\D%	g�$.���8�1��u�KE�����X!��H������s���ǃ�E7ݲ���n��n��mV�����gՋ�0���~`˲��x,^�nT0�
6��Ȗ��#{4�m��{��t����k��Z�7�j�1��!����hNq��W���U����Qoo�����@队�0�Y��\�$H���nl��:/_���$���C��]��	�4�8j�Ǎ	'5�n�����X󵢜�0���pwX~�ލz���bh=�P"S�V82�.X���"
�Ё^�Q@/x�
��8%�5��ͻ��
7�ލx���i>K}'�OP����t��*��6e��Fq���������𨉓�=c���d�g��~I���e�3�5�ٌ5a?m��s��Bb����}���J��ohH����������38|^� RЯ��>u>�G�@��B�U�I���dHsDB����-�1LQY��.�Y�ytUICU8���tɱ�Z�G�$=�>o�#�l���e��1~sr��m��Ú�\9�����>�tr��ṷ�dy���ql����Bj�7�v�(q��������{�쭏���|Io{�L�U_�?��8�ʇ����|��>�n(Q�tl�_F+�ݻ/���v,-G�+D������V�h�>�7n��)^=�-Y�_C��'�K4��2ECc���' eA��?"8�(r�JQ%��֛R��_ė��B����rV�(L��қ�k�*�k[�l=Х��s��vȖ�-��^���'Ո��E�y���P�![~U
eңq����&���z�%(.�ʃj�HC��ԼC�.5V�a<���� )�4��\Tb/C�$]������TmK�53���#��n�q<�U�O>���}��}��3�B� %�� ��˛ʛG4����ͣ��QMy���4���LZV�U*+U�~�%�z��=e�,J8D��ֆ�heM4�=����j^�
��`R#����Z��TN?s�֥pJ9R	u�"��:8n��D��h�gwjw蓺O��Y|��wB�i����?�x�/)Q"�o���|ʚQ�g�YP�Dj�M��r
��-��d�h*AI$�pSB1~����E�i��"�7U�o��֏�������D��4Ց2VY��q�l��X|�Fa��,
ͨ�XSٵ�˝�&KC{SYz��J�lL�(oY[5"%��F7F�h�T�R~[$��6�)YSۘ��R��G�K̈��=Ȫmb~μ�m�CSY܋1�J�	���28��V�88�*|ɦ�WU@r�s ��J�=x��
�O_���}���׍?���ܜ�P�'��[�A�'��W� ŕȀF��^��:a�x7:�N�5Y��(��g�BQ�������gHF�ߐ�T3�~�a�ё�뉄��$ �r-�k�=�h�Pɴ�@ ��EF�Y�u�w�<������@侗�(4����6fí��/���Ԋ�M�Z�s���C:��q)�-,B�*����+����ԩ�E]��,X�E�����mi��ť�dO�9�9=r5CҌ��I�Q��L��*���,�؏��l�a|���E$��b�,�MO�~'�L��쵲���U�9x�	��WE>��5a����ƚ:����ޞzK�����D�maGi8��Vڪ쵎t8k���Ʊ:jt9�Q��c��*ȍ��5*�G4��ѠJ{���}:[Y��GQ~K��탋%Y��������R����T�Lg���������~)R!"/��U{P��CR�m�1H��	6����6b�3~yI�Mc'�y{W�]Zn�:Jc���쵁I7��ʖ���#�\�TojRov�;����u�{���md����R����zEu#`�!zpՎ��v/��iG��
��(�Q�i��8f�)D���JyE��ר�4%R��A�Ѥ��$���%��nG�(�PkQ#��&�[��k��u(���?��y����@��4��ߨ-��  q=�yX����p��ݨ��x!��cL�cX_�$���.����C�KU�KT������(y]�m�z��9�j���C!��r���](�U��d� ^|
�p��bի̯lTX]�T�k5B���i���[4�va��ݽ�mS��IA�Z�~	?l��#��:�s{ܔ[��i�"[��&@0�X40��a(�F	&�M	P=�W�`	��B(�{�eX��,%5�c�I4��h��{W@�-��DPgR�����Ng�V�N;�23��B�HC�0O�~8���g�O#�{̿!Q}>_-�K��#`��G�'��
l�գ����y~�f�n}y����/`ٍK!�||���Y+���۹l�U�߸oU���Ȃ���Y��KbU5%�UtG�>��<V����[[��Uʒx���+J"����8�ӑ�*��+����� >^�o'���?����f�Gx���E$US��^��A�m5b��8�$-�,�]ԉr,��kL{���^��R�+��2�}��4Oe���2���<'��ȓdD-���H�<�X)�c%/*�r�"�0��2��KV.��Z7�.:e��[�аfE�跞�|�����}U͉1�o�>��"U:G�il7�x�ϗLZS��W�f�x���e���_���~�c]`�C����\B�f5��!M]�$e��f�N]�i�������v�4f�z��^j��9���Q�Q�����5��#�#���i�i��aV��i�6�cT�R�&?n��HTl;�`8����D~�'��`�4��gi��d�H���`
gi��2ʩ�[�zX�`w�����AG{i������4Kg)���ȯbJ��X�JN�����ʗh��%��ڔڨ�W
J���v�hb$�I�ϩ��o2ؖ�����V�p���=i�yv��o��i:�� ��kڨ��8�qE����l�a_���,i�1b�Y~L%]zs���k���;����)���9O�_��IM�=Ol̈́��0
�x�\;�p���L��5�iM�%��p�f���
��J3�J�E��|>�6`a�N��D]�V@�pn��V�Ē�a���h�,C
ʆ�@�� �	<Azg:�;\��E�B�;A���`]�2*_���F0#|r03�v+ Z7����x�����|(���U�O?�bi:t�/I6��i]��s�l�?����zk���kK�jŘ�QSo]�vm�&~�:@�Yv%�@�]�ƙ����ff|��¯�Y�du�C���VTFƪ�;�2�D�&�C���
nY�F�W�6�܃Z���.=��J�#e�r��V�t(^�� ~��t�����v5#y��dA�f���M�`S��N��r2����{i��o���z��K���M�-�Ou阘�4 �2Rr�����z��'����÷a]k]�o�<~������[!(�xs9�H�n-	PX�0�h�D���)���%dr���S@�ሣF�}�Ҧb��6D�V$�+�c/��#�v0�A�XH�R����kV�}���r�kR�$�#gf�>0�����n���7_W��/;{��[;
������6��G���x}]���)\�M���4Կβ�$��:��'�DU�,��W.���l�I��XO��X&�8�%�4��ќ�1�11%[i�>[�P{����F�5����\v��L��0'j�bK���L�B[�Ev�B,\WlQnP�~,�(v8�O�������m�=������.iƗ���#b��ʚ���޺������������k��Wy����p(���=;G&���<2ob�����.�W��7gƨY�l��6��[�JdFQ��X���:���n��C�N0q6�JX�tӠN[V0OY�(�hՕ0%
��(QO���д=@#Fnqɉ	�"��+"8�\��>�l1��^���Z������"'ϐLA
wIXB�{2tFh8�0}�M�6�+�o��A�qq��D�ȴ�1�l����~�ׇ���?��MxkK�kde�SS:��Sp�J����iIYN�.M���:�J�,�ƝW
M:Eu�C�#�2Q%�X�H��	��5��	s�L��X��U�}�QEjV�(��I��nH}� ��!�ṅlhnn����B8��J?ov�KDM�q��:�ƚ��C6HE-)�^ﴨ$���q�s�Ju�� ���>υRA�HB)L�/���R��\?�:wޘ�ys��]�Uҏ���Z��;g�w�e7z���ٌ��C�2�u�z<ɉ}��Ig�����+��R�'�S4C#Z!���~j7�_?�]G���c��LMa����)H&�,��,<c������Fx[�t�@uI_12!\�͐��{��2���|�2�������ot��6z����
�1�b���*K?(r2�`� ��� Frv�B*'���B_'��\�B�g���5����s�	ћ֟X�N]+���~+��2�?p��"����a�ИƤmOT)��#�V*̀�5p�5��+}#p��n����sp�9?zR~�f܋g~ ;�l9
B���X���e岸-�
�&Y�m��	����/�����e
����h��*H��E��r�s��qU��e���֭֝Vb��E����
�Z�N�WEG�߁.���}�/,���B�����P:�U�_����[��5��+p��R�L~����7��ܳ4昘�W]��߸eŮK���̯�z{{{����{���t�%��FO:Q�yI��k�on[�u�'k���QC?�[�'�O��Tt��fx&d�M��)I5q��]��C���҉*�nD�����kE���Ա��A��5�b2W�:���v/D��}fzy��;�͆,���a��6-u��f��~>wJ���,t#���OK����/�ut���P�#���̰�"H��N���*�p>"���;�[�F�H���L�Ȅ�8�I��|�%�p�/g��/�K����:_�/�6�����x����?0�ury�9Z�6w���N$�;4W�CU�Bc�z�X��~X��}I�7�G��&<�o�����6\�c���k�[|�������n��_��LN����g��߿����:풒�[�����9���1AH�v���@B>��'�踲I�`K��*;43�˕�i�UnR>m�:�j�ƥ�Mr9��h�Ke��e���؁�!��z}�^t�@���1¤�N�R�h0��������3�=�az�L�:���N�Ҿ�>ڗ��B;�&Y遁3 IH͋��w���I���Hh7�7H�Fa����6%�:� �.�I0���)\-���z����Έ����)�N���)�\�,�_J��������ig����7�K����C!��������-ͲPH!�θ|η"z�-�d1�(](�*�U�`�y��Ma:.r�Dl���\�D����F���2 �˅�h���*�Z�Ve�,�z��J���%C�;AQwEx�,"DBe�*�e�����r�]U��;�G��^%B���+�C�*�o�����I�1%��/�,��JM�s��:œ��I{"��C$^��RDg�I��BFk��Mf�E���O�OG��W�iTl���ޣk ���>��KM煝�WW�Z�"��T�e���0AY�u.\1��G���U�7��4����BM��M�̛T���*�gύ^&o�n�޾mn������	���Qk�r&�5���QT����ԏw�,�O�a�s�qI#v�y��6;���ӕؒ�Өx�K�@�/#s����@>����;�*�qФ��9�Yg��6r(:��S�`�STƼ����K�5G��"���<��Қ���/y7� m���Rđ�i�����I���I�s� �� Ɏ/��;�ݖ���s�=�_Pq}�������G?�r�h���-�O|����<ql��%Wކc_����I���M(���?c� I�U�K�4AC۠�7�YR�O���U�Yf��UK�KU��6�vF�&3a� ԨD�X�r��#�p����@p�]H%#V�b�02��`�ad�2GTR0ᨌ�}o#��Q��G�	��l���� � �#��OP)%���x �UV�������B�m�����y}g��W��{x3�����`!�f��tǊ;>uf:4q=mJ�����xy�ٓ���6�S/L��7��&�9�^<���_D���ĥ�F?0�+��lB�-���=
_���2*IDPC�>����"]љ��HO��ȥ�k�����D�`���2x��D[yS�-�R�\Det��]��l�
�j^�萗���N`�K.��hw$��u���n�� ���e+X�&�i�0�ɿ��!���B~�GH����&?��珗d��b��c���3�� �ܰ�E�^�?��)��p���i��vE)��W��b|����%�9�D��޶ձ�A9�U���Ώ?�?5������T_&A��t��K=v)>���6��[I��	��k�Tazd/�G��\�`��[�R0-)�4� ί� ��]#P��!-�^~����}nd����z�w�3�|u�s�Ջ愇��^�0-�8J6?$ù�z�侩�յ����KК�'{��fziGI8�zvALl*�o�:`(���r/�&�M�Od3����0'�([WF7�Fo:���6�+���L�������[WVW
+�׸�\�`����y����Xٗ��e�`��T ۦ�(V(h���R �g{�:��.��MZ���b�; (rۺ�v	E�^E�+l����`?c�fI�P@��G��=.��MP�r�#�Jz)� �&�“ Y�� �� %�g��N?,Zl6��Uu�B|�-L�R��,=O��\��TY��0N�.����`���	:6���wt|C�J
�@�� �M��`%UL�3��i)�(�&���]+b��%��r*@�n��|ܚX�����{��̑����R͛�.LQ����2+$o��n�#J��;5�e��y���ϸ�fD
u\G7�
T2��W\6�x�;�����r�܏��x(���tRѨ��4:�i�u���v�NΚX��)áW�h%Y�����8��&�YkQG�K�������hu&�˭���p�j7�H�j#��Dx����p�
�}W�*݇�X��&�^,���mdi�+ �l��:�
���Pn<o����2�k�)�Br\���/xB~0%u�C���Ȑa1?��(^p��a?I�tIq�#[h�S�|(�nm���V<x������c�=ݩ�:��&��|��w�q�UxrSU(���F��v���o�3�|�C^4���i��ؕ��^����%�	�J�� $�+�rŉ���xӦms��g03�̈�H,Q\�\e^�&�Eq��f󭁍�M�+�%R���c��rO`[�Ķ�m��(~�=�����Q����]�G+�r�-�+^����[I%�qGsq�"	���N!gM���(]��rFC�`EM��BA�.�Yb���@"V�Jh�Z��2�[(�����m���A_����t "3ň6P0"�>�p:���)H� a�"j��R�X���ze�.D��cǞ(�
�h���AI��x&#ŏ$��C�%B���>ӷ1��@P��p_�PثM��9�.t��R_���埂���v#���8˓a��/��"\Qœ��C6j�j!������50&�!��}�5��H��١�{��P�xؙ�~�H�i�m��|�r��!�Qs�7�[��Uԣ�����6G`�2�\�;+|Uް�6b�2�J�;#<h�]����fωP��M�EK�Ph���]
�T(4�f|o����`��^0.#�t݄
}kEݯu�pv�"��n;u�#{�<ejc�L汖n�:;�CrH���^�;=x��e�6�0��]:J��?���b���.Jg�K�7iY�Kk2B��uQ9�z�&����h4Q��iF[��w�Q0ڔ�/�3��3<}T�R���$�R֒Y�G\������PQ�43{�?8���\�j��Y�^	���>4�4vv��t�B%��o�>g������򔢖�0V���5����������Y��Z�fͺ��]�_w�~a~²�V��;%�`/0��v{Y���!l�Z��S�-&�\��&/��Y�xp��&g��s��^7/���0]�x��_�!�a�Lk(����3ñt?q�8W쾒l2��զX-��o1�0�(��6&��T�����Ћ��z@5{����k>����k��v��Ӹ�go�����3��?�}�􎹣*J��F^e����t��*���D��+!E845<��)�1�>����xY�<^�H��5��I.in���56��:�6��<��a����\Vv�e�e�s����]���Gu������~�~�lW�Q�Q�~�~����,'\�t١���j ����A�\&7��*��:0�Yʅy��Ż�n�+��p%P}��8�K�8\��p��<YWGlem(l
�Շ�u�u�z�0���'��e#`K;�ِ"٣BB�o�p�Q�%5��l1Y���fK����rR�NG��SQρ�u36?��̂9���`�;�<�W/2����F"zV�R��cm@�bۢ@:�
�R���/KZ0	/���7����p8UC�m=`�B�d�B�$����XD�*�zL6E��IC"�yc)�d6��0e��%"�i߯���1�P5�{�n�����]��P�=IOWQ7�D��蛍�.V��ZR5�*o����	SǄd%e��;y��PI5�bT���6o
��hbW�|��GpK���tC����Κ��ʫ��L��af`؁�!�7�l8joP4�����L��5��������i����?�~�~�z�zM�g��)8g��Z!іc N�׺4j�ʥ���$'����BkԔ#KՋZP���{dX�#�ki�mȁv�L�9���2tQz�*�g�!r��f��}���E���K��?��3��S/&/X�bV������)`�f՜L��Ҳ�'p����Ǣ��������3��Nl�K��>��[�l&#��nx��$��bS@5X�ZK}��jg�i�����VsGh1ZN]����1_�L�� �͈-ȡ��m����p�f-�&O�!�\��
�K(hLF��z �	����`�`
P6|��0Qu�����fS(�N��r�j �B��G4E!
,=�Mf�9��$j2
k��e����%���8t� N�{ s�6/��=�����B[�t�ȕ�`��(�Td�p���t��v[�d��n�'��I�u�&��.�}#G�B��-�ddEW��{ڋ��R�gL�
/�^d�0��� CF|��w�8@�m�0��u4������(x֚���f�/[�!�&���LV�Enb|��JFw�e�gӏI�Ϥh��;���W�{�Y=x]]�j�.��_E���"Z:���@W /'��TL��D��'(E5�5I}���I�S��m�N?���ƴ	�@���{O�m[�6�U����%Q��jL-FZ��7� �����7������8�)��

��^�j���׵i�KԏH�EN��.m�������;C8O�!����K�V�E/ӟrZA/h�Ae�C��(x>s&Ӈm���)���h<=<o�"[p p@��:�bnM�Jq��)jX����M��"Y	��^c�ES㧎�ҝ*��r��P�@8w2���m�o��%�6�moW��WS[�%U)��Iן{��e�D(92R��lh�^�ˆNʎ�.E<��D��D��q�x�o���5&2�'�+���P�5�2}����"N�d����K�fl~O���j�~�5d/r��Fm��Tj���:�$ͼ8���p�4�U&�_5�Bb�F��*�R%%>���<~���>�.���=ߵb���-�|y���Z��������u���/��W^"kl��c~ʖ57t�EU~�렮C��*�v��4��cJ�,�Mg���_k��v�bv��Z��懸���rϚ_�~�}��'�
-�R��9Hj)�Z�B�x���B]��ՙt������"dF܃\��*��5S`7�%Q��vڥ�4��Iǅ��^{�]�_a�i?ig���x�km	x*�/z��|.�K�|cpJj����a|�ۢ8����������bh��XEzPQ�)vF�,5�r!�L�[���*���죦�(ۧs��?ʍ�12~�#�f�Ԋ��n_y�������P��
�O��|.��Yf1E0��*{E�EP=�TTU�ՐMi�q��	p"�H�|�n�q�i�q�I�T���Ѯ�1t�R�O*i0>�9f�݌�,�*#Mk��n�2b֋zc��5Z.���=�%9M?*��fĕw�vl�5$;���"r�������6C��3<,�P�A��ő���iĿ!��E��^F�x1�x.A��A2b���ا���0?=�f-���޽0��{W�_��1و�֏��d?��?�y.���>�X/<;MS��Z�u7����K����DO�k>[�/�1��t\V�o4�(h�K��x�������
���]���^���'�p��=1C7�7#�T�ĸı�y��Z�m��g�g�OGsorJ$�B=�6F��e�:=./V|�DYBe�P�~�p:Ic���O`���_��{�Ew�Vk�>�?({	Tˈ ���@w�7@X#��z!gP�}��)��+�5_�)%����
�@PՕ�`���V���C�,��,L�N��gH�9�'?		������5�݆�o�>C<��+�)���g��t���F���5՛}4�%���<O��R=o�5=J����+����$?�O��wY0�䠶�N���AS��B/�(!�%Oݲ�������[���j�^�w��~��3��5�wbk�:�Td:i�.e���pY4�hO�W�	//Ml�lо����~��5��o�ߌ��.��o�,uT�:~DM5.4D���]La�=�����/�Q�.����՚Qr�[x{RyKI����}��H�D��{�C���3���d�3  8,:b =�Q��rJ:7��ݳ���ـ��M���&}&�3}>��d��	WM�~��U��>5.�OF#׆5SZ0��q��C_�v�d���#[���t�E׌�e�O̽,����d��.�y��۰bI���6���/A7�6�p��`P)���Q�h���<�[�Z��F�J�Q�$��&H���[�q��f�5`)ɅFA��
�dYa�G�&�n��3��1�����Ų�x��_������:g�׆�ٶ��1C���]56�0��&�栝3	&�2��{�g�gp"޷��ؓ�H�	,("&O$��ཤ�!���̂�(@=T��)[�b'{�<�'+�|�<0�|���؟�/R,'cKۙы�Ԛ��ؚ{�\�z�.�i���=.˒+��%�0��;7�9ٍ����cC��W�<x�8�3�}\<�cb�ru�s�cM��To��JǣV-$]���l4�4�:+��z�a�a�uS�A��g���0��rY��X��e��,����3��n��`2�b��j�Q2+D����h,j��,	������w��Dtk���+��*m��q�`��W�诬�×�{�7&J�0��sd��Eqp���%ڂ�����ŴG��:��XI��(b$��/�Z*�h#2���_��%+X�H8�<��u����Oɟ���fVDwKT�c�y���o����U�j��J=se�Cro�U�����}�em��Iݑ���&���gNZ��ֳ�Z\h�	 ��d�d[�M�������m��������W�Kء5�=؄�.���������;�A!Kɝ'��P:�N�N�8A�BF
�Du�Ct�'�����Pߺ�Y�S�i��]N���t85N8�V;��	�1�6x�;K�9�f��ڌl����ISf�;E�:��Q�ఘ���EI��V.��Ti���T��:�z%lt\�A��������u��R��MM5�:�ɽ�~qEi�_]�.�=��0�ϗ��@22���j�5����2R�����\�H:uH,-*s'x2X��Ѝu�uw�ǖ�4�0O�Lf�f�f3�Y�Y��D�����AM��xpWV�\W�w1�r����Q$h5s��,,U&��	AfG,��/b"m�9���%i������e�p,t	���+�W��+��pHm�q�˕�N��I���t�N��?�D��\W���gq�~M\��I7��	qiYq�,~E�%�p�s��;�O�)��m�AZ|-BHڬ���s$�nD���������Sd`���)2<l�T4E-!�/H-I~��V���՘l��B@r���c�TJ@� �R���0<.BG@�G�O�rq3$Y�c�l��YGU��h�߯djG(����UQ�o[h՗�J��������iLn���T��%�mss�T⦨��f��{s��*�@�9[`��y�=��A�rBr��7EQT4ף��w0�Ny[��r5��.��h�4�5K\�IӢ�4.Pm�Ve}I�$�N��]�; ��z��^+W�.�఺�@,�
T�׸�e�q�,Z���w�\��x��*Y�� ���N:�˪�8�Au��T_�U�M�ad���[��lc9r�����\GU �W�|QR�v�20P{q,za�^���jV��)�1\A�&�>���,N�Gfh��p��'MT�u�"]���E�Ŏ&3�^QK>�3���J�V?y{D�L��K\U�������֪�=�N7�_~��H��Η(kÙMԕ���4iO��"���_���d,�#�5�'�e����`庡//�v�PV)��Hl�99"�$�.N���FGG��l!^�X�Yj���lSm�<�{������~�>��u8)V�p���C�+$'�,:0���*�u;��Z���7N�?F؄�:�!����	��(�NbJ������i������
�\��jt/N��` 4.݋8�w~����{q��d�F�z{o)�� �����4	��K;?'�Ȃ��r����L��_ܧ���C,��,R�0�!RTv�� p(8qҒe� �^�y&����i��L)I�Tx{]���ڙ�Qª�X�����%�:��j}��+p���`0	8��v�ʿ:��׃��~����A�d6��,�V38*��c�rm��F�ޥThT:%ik�&�Sr
����W�_�*�����T��(K?�W�W�d�B��d$�&�a���r_sĿ�����!=iK�T����zZ�AnZOO*X�8Y)i�-�"K_�*�ɀk&so�>��Lq�U-.$>����9�8|Cɝ�N1���DW1X9��x~}���w��g�D~#Mx`Dk��R�Ju`��uܻԻ��F%$$�D��MQ��v�����w�0�dam��LQ�#dR�)-�!����x
)i�uqK�PqK� �_�S&h�?�=*_Gk�#�G���5#T���!O��s�K�Z���G��;�>�;�� ��~��� p݁�QYܲ�Y.-��+N���4�nZ�ax�?r�7R�J��G�QE����c�x�Iu����J�J��ʧ�3\e�c�1�����/\2�DE��;dĿ%��*�������O8D������WWMF���N�@��z5��w؃�f�l��M���̙��J�`CĦ�G=����h���^̠�������C"s=�[�EY���(�����[�{�.��1`���켴G�A(]e�W�v������;����z�z'WE�<���|+�2���H��d�&�6Ā�F2��� ��W��UV�>�o?>�q����\O�*�U��Y�J~�I+\��ӷS=�,V�y�0�#�C�~i)c` ��O��Y��:ED�@!T�q�ĩ`S���� ���WE��`IxJ���ƢqxBx�j�z�yS���k�O>���1'�A32}65���_Pa�c�a←�`�����H^��c����`��T"��S�!>�2�Cދ��0t쀱�y2��+Z�\��P���8�3Po������2}R&�:�ϭK;��i��Boa��;���*tS[��5_f��BcF���LIl=��������}dB1}aڨP�PW7<��P��Q��0���0�?����s搮!���LC�k]���u��ݷ_����N�<����Q�s�r�'�X����2����,�l�k�+��܁/[1{���^������V�������wP`Aa4(�hx5��M���*�Ѝ�{��L���k�������4�4�`z�l��S�/�a��jf��\b2��p����a�����-��Dp��֤Ri"Q^�{JYrK��g�Ky�
����>�e?cY��S	x�^Q��E4�&�\pAv�������7;�/!y�@qƀ�e��|�r02v�P/$� �¬^��_�l]O�)�b�6>۵�y�5ǟ���Y\e19TxB�H"\l�a�X�Z�ɖ����l_��߽4�	�sZ�&:�t�=�ٿw����-�[��H�݉�m��5Y$��6�-�Ѩ�!����=ZÆ��^��T�C,����e��F�t�DMi�y8���L���%�R����գ�1��K,��05�̈�PhT����3"�k�/�	�]�����	�����OѺ��V�I��ιa��ͣ���}+�֖�H�t&�,���cU��ss�cxċƎ���%�N�Aŷ�̟�~�U�cC��`�����c�Xӈ�#5�FYUѲ&���P�$oGm�#�m4�/Y�����֒��!�0�,��՘��c� Gqm[�ݓSO�9�wv�7'm�*�E$P")��MN��2�HhF6�Y`L0�'�qla�kl��m`gU�l��}�v��t�tխ���=�qZy4p4x��U�/����N�
�H�#vB
E\���(���'�G�Px��k�$��n�ʍ�ۭ��� �5[y9<�5Z�V2BBxX"R�cT�M��!E�R�c�C�M�b�g=�>��p�`�Ì3��0�{�r�;�Y�q�v>����Xee
��*��TYM�!�fw����+g��@�q�]{�,6,��5u_y�����v]�Z;+7�l6w����9�q��/[��rS��b)���7��-���5���B��Az�Go��ٙ���c�4x�w��[��7��?L�h]`�����Ix*���Z����;I~R�Es	>!P�H�������+o!&v���%��?���׋Z,���"�X쀎�bZ5���Y B2��쪒��2ŋEߗA�s|�ld�
�&�9;5xY�&l���,���|Ր�yw�]R1�"�F����tB�
}�m\��
�m k�2�9�m{-����û^��O̜(]�y��%�-V]��nlt�o�e����+�����;[/�Ƣ
H��d�5oA|�R��Q2��r���x� �F��l�o���ue]9[!��:]��[����ƙٙ��s��v�wK�k|��&Ҋ4.�3r)�l2�O�	��ć�0�ˀ,�%��2�e#C	��1�n7UFvk�`�?�hv��p�7#���J�W5sd���h�AA���x���#c�2d�8�P_2��;�e��ZC^�5c�,���Yдq�0zapC����^Oُ�B��1��8��#�����B�S���\I��R�Ukkb:�t��Tf
��H{O��u���ݳ��2ᘅ��[�i�"������ڑ��)})�L\װ��NRZITNW~��1�/F�6+��QF�#/��렯���]u���S����׍^ȱ�}h�@�r<O?aD��*Y>/���>�t�63�9�{&�f�o����������&A]������w�IL;ܑn���:����?�V��jeo^���P�I�m*�YS�d+��,�pl��>g�Cq3�u�����43��P�y�y�xI��1Y�&la&L�����Gl���L��I�~ap�BUgg�a⏥�L����8���'�8� ��ڮ��[C"��v�j�>YO�4���{㜔����dSqH��]���ݡ&�XfH��8o����kf��W�W�X:g���jr�;2���%?3Sٵ��������-�ҵu�-�*�L!ъBF�������W�&��yy»u`ΣK�B�-��+�yS��KC�/W�g'W.�ϴ�,.���Ȣp1�Z���]n�L�����pv`V�?K��N�\:��gσ�h)YJu�N[{�5��/X�X��b��Mt�}WrW�a������'�����S��O�˞�MM������K����h�	�B�@0����\*�u�j���4H&��
�ҌũrVc��A 2ѐ*��F����Ԏt O���ڒ����hvI�F�%�sZ�!Zz�r�D&�%�B��E҆2�+N����@Uh���MP�B��qG����K�J&�0P �
X�*XwK��u���lP�$89�3��+�W>I:'�H�ʗ���TLv�vʥ������jmh�m�E�ҍ7��'�P����r�ۖ��0���9�@&�g�&�]��Xh:|*�ɋ[+����Z�a�K�H���O�j[DH��}\,��%屋L��7�Z�֩-ڭ�;����	��~n�j2�^H�z� 
2���~,+I��˼��Zě�A�Ie��ܙ��H�9�s�<�;|$5�55��L��|<��g�����5�'��A�Ujd�����Ԗ5���4y_o��*'�_K\:�H�y�a�����Y[ߐ+�ry�������*�]����ճ��g�Jj4_�)e�%�ʿ:s�<�m�S〾,�I+'+m�vLc�/�N��vzBѤ$�&n3vy;��"Ӣ3�+ū�+��"���{ܻ�j�T*��t�Q&�؍�h ��/EC��T��~ϔ�������<�C��Ѭ�y�>����Qy�_l�����H���?&-c���@�1�G��0�\Mb�ԑ-�D<LW�'����v��!ߗb�'|�_:޼���W�ʸ��0{N}Ü9�|�i �²�ӛS��Q$��l��뚐K$���s���+�/���g�M�@c�b6��<Q��s���V��'�F<�eDH�ۙ�~�����RB'��CT�4-�X4�1U.P���y�j�v�Ŧ��ic��bWŷǶ���W�Ҝt��e1Y��Ʃ��B��Tj��+�����r���� �<��ͤ��R,�/�B��HZꕫ�x��@,�qh1�����*T�o�K@R䈝�� �'9/�3"��'����6�̤s9�~�C�Ӗ�fF���& &��p����b�a�>��^Q����QCed�����%�� zK��p��5�	�i���|5�E!�O�UTgp\��ƻ��U��_U�FF�+{\OY�	�֬F��W�8@�M<\���iv	��#��;���4{��)ɜ1���}Y)�lq$�^1��UΔ �D|����N&Q�8�\#�����O�e"�vOg����/�<I���k�Rw[��oC���δ Fn*��C��@C�h�[�@���zS��: �ڨ�i}V��'�S���2�y!��
]J��T���J�p���b.�N�F�Zl4j�Hj�Va<o�a6 �Fb�~��L����4yX؏�C��
�$���om�6aMz��^���AlXd!�5�� �~�IQt[�Y.Tб:���^�j�؍���]��(��A�����{�|h�{/<8X5�w�kH�쇯0�S4�n���s"��>��� ��vy\wV��f;�um��\[k{�\�`�`�F�����}���U�_�Pq��!���'TO��,��^�g�����!hw�N�P� hs�����m'�<�62�hUw��B!Xנj�o��@[[��KՅ߶�w����џ<�h� �$`�
n?������
B���d����G��a�(0�4�u��e��S�b�� (�FP8L���`~�i;������X�~z@[�m��_��T���ڊ�����jL�$q���C�q���;UG�PQ�j+�� _�s����
;���?H�H����]*:ߎ鼮<��1����CN�3<���C���<�sB�A�\9��m�n���!�X0�o��m'��uz	_�w�
G��m�]�Z)O"Q�ݓ7Տ��Ix��-WL{�D��B8�<Px�uYCo4��W����yfy��:��gΉ��65��s��U<	W8�[���؛V��K�;_���i���JДEsրtc��`s��޿�"��f�3��&
�2�3�[������W���?z��T�����ҩt�? �P0�jB�~Н����D`6#92��*��F"Aw�������U�v�����6��i��	"�����\R���ǑcA}ڬj��i�x���vqd��������Y��"!	�3��*��䵉r	���Ia�Y�2�&M�B�C�j��3����u�wr>8�moXps!ե�E��B�齞�������ؓ�ㆁ��Fڕ@��}��Wt�4��+�rr!�7��&�?�X`|:����͕/*?'n\䓳&@c�"�ʐmy����u&b�c���E�[]x�:��RPPL"����C2�=3�6�^�j�C]P��d:u@�9���96L�m[Q�a$��^���S1��a���������O��.�"�~�M� ��S<r�h����l?Qy����]��o{�ζ�9���5� t������g�}ݝ;�!m-U�g"E��ݑ���an���\ۉր븆as_d����$lS�V���k7�p 7�t�h� iWJ.'RIIż)MR�\�h>��z�+&p:?6ry�dV��7����`Ҝbe��8�K��2y��x�%"�y��N+5�}f	p�� b��,�A�-_�"C��g���8�F�C	َ禺�����|�4�!��PC��t�L�m��n��S�A�8��=��z�A�;ɛ�����צ�� O��x�`w1��֦˖���[�T4e
M��A��r�i[�%f��ϟ��z��p=ye�;�������o�IuǗ&mn��M��@v^�k��޸ݹ��{��v4˽���ei��Ә�DĐ"w%�9Wr�f�(ڄA���'!Hc��,��%:@��a�p.���7w��g���'c��K�Ϛ��������v�>�S�SN.�p�N�\�P;\y�I�W�XIQ@,~�$��k�<M;]V�p}�W�Eb�y�@p^$���x�i�,<��(�&�X�-Yih��cAY�����@H���Z:#t���)��0�!=Io�`ew-J�Vn�?Q\^�y�vK�ᆚ9_U�x)�8]�;���Ȍ��MA��F������������O�u������:;Cuty���#�v��Z4����X���K�
c�bU�n��=g|���L�c������c`��^��϶��j[7�lMk�]N ����V�Om֘s.9G��\�Z�Y��DnT����%-�Pk0�H=�j3:�J_����y�gG�%1).�A&B8��2�ն�F�l@g��tB��V��E������� w�1-�3U:[ fe���c��:�CW5D�#�8t"x�$b��LX[�3J:H�+��U6汆J�X5�����Ri
��E Z��������<Z����S ,��W�Rm�,�]G���ʼ���6�rK���[�_&E���3�e��������HӾ����q�Ҏl�y`����E��ܒ�@��+���o�w���	��1do|����\���+��A*J(�8/Ru�b���/��WS��ۨm�{��O��W���z���СP!Kw���-S6c�9a�M���R�^a4m��HS�"ɩ�l�
Q�]a%�I��;�yZڇ����L(�?o�a:���0~���oY`��X�	�������3�04^"�jD�9<X�Ne�/���.NI�Ǳ���v���v��k��^�W����)��Y��Sw�h�����¬�Io���6g��h�#:�:��ѻ懍^�^�tG�c�Ş��ٷw����`��+�[cѹ�;[�U�5";ZA^D�����<8c�;��s�c�cv��~C�@���d�er�cD�����-�f�O�gh2�su�s���2b�N�ΰش�|-q-�U�հ�z3q3y��N�����~�~�C���#���I�ep�|�|�7���=���dB��z�����\�[L�ˠ�<s�� &2)-��<dM��U�=�N]�2���sJzX�� �$\q�A614T���g���4�
ﰚ�aa�I��e�8u�}Ff���g,8�~���@�G'�D%z�ȂXN�7:�2hLT�J.��7�&�'$1p����N,=�����7�"�"R�l}������T��n������3&�Rꜣٴ�5]X@���;�
>mc(��61�*��p&�'&�%u���(�n�������U�U��­������O���OH���1�
�L�6�'��1��"!Й����)i���l� �Y�"Jl��=����ŉ�����3f�J\������TA��b�HJA��C*>V�I����'v$� ���� +����m��)�����aV��þ3)�֧5�RB�G���,��%�3È2X��=��W�3�4�}��k`x���L�>Ԫ���M��܁�R�@�٥����� ���R|y�T��;�\<�,�o���U��<�(ҳv��u2�T�s�y��]��n��\�G��D���7:7�p�߃	��U3�|��<W�E)������.o�-&g��K2V�� ���;X��L�"�ڻ]�]�#�3�����ZE
!-N-��Rk�I�PJ�A�UAZ���R-�@�-F��c"�.��G��j98
���d'Χ�k�qw�X2jm���c�A��l����ϐ}�Ex�[U�ͺڠ�]�8X���A7�(������;��֮�_㪵b��T8��ŝ Xq��捓i6b��K�$�[5�[YDK.4�H�FnRZ�Q^A޽�Uޒ�Z񍝷�W�#iM��U>����l!�ȧK�9�ͭ���TG�ӋF: g1+F��O��"�'m���O�w���~¯j#��=��ں@7٭ls��{���V6n��x�xHy �]�Iő��B&Q �u.���½� �4Z6+Ч�t��F�Ѫ���Z�! 4@³�w|���Z��aGTa�:F��z!�/�}B(dY�.�:�pR�`���������]��Ҁm���]����$\;�������A\i���ȖςWn�E��J-�g32\��#U8\Pb�v��Ök����(k���.	���`U��W5DwR*"�#8q�3O���Z$���u�BU�ⵥ���ە[}���L.LZh=�k�)xZLM�~��	�
��d�+ղ��@�L,}j>�V�?@����ڛXN8���_刾�O���G��y��������<Zx��d�y��x^-�5 #2��b�C������z�z����n�ܞ{��`��ǅW�~�U��5Q�r����Nv5I�
:���G�&!_�gg�B����9�9�3�_�:����� R$`���CT
��W� (����|޲���m"F�^D�Me��s�U {����ȅ,/E/� 9V��n��dN��*!���x�*��_��Ϛ|�K�������Q������K�s�ٺ��m��JZ����;�i`f5���en"Uߔ4:��1u/�8RF/yy�ޡoz��d�^k��Zy��+Q�T�U�o�����X��։e	�2xE[����T�X���3i�A]AP���H���;�?_�R�̻Y��p� ��a?Oݹ��c����0c���<�Z��9��IR.7�F(^�QC5@�hp��_F�d�d�eeGe/ʸ2�܎���Q&.2�p r�x�e�#	"�X�X�ؕ8��e��5&9|���U�~xC������W�_V�}�Dp6��W�5�����|�&���+S0�Ej��;Kt�����;�{jͭ�@~zg�>�@_k�p�r�����������?�������&�f曟�ye�'�6ؕ���4�
����G����(��� &o^�u��Z�J�0W3G��8I�D2�@��K�!���=9�ک>{�g!Xh��^�]�Z�^����o{ʫ������7w�S�-�{�1eQ��x%7{�ҧ�P��m��,�d.�ix�B�8x�����2;�Άc��\��&4��w��Bi^�WUn�:�"T8�M$I�6��c=�k;�Ý��Q*�|�a0^Z��(�)��X�v-�5��7�&������U��W1��B�HɄm͐�Za�Q���Z�>}���\m������ښ�*L:3C��5���A�4�D�I�8mV(�fcnZsf�m�G�9q4�@\�rNe	�g5�����!3�n%��Aֳ��>H��l 
�Q�2|�+Ja�6�:��+�>\���Av�HQ{��A`c���<�	��j�
��^F���f����kya(�ZUN)Ap'*S�g�[,`��EA>!Y�9%c�w���~�a�dij���ۺ峷1�⽧9���Y�*����1Y����}��w���Q�0o�5&�����y{���;[�p���l�xg �Hr�Z�k.<qݡǝ��q.@�w��C�J���}q�<)?pc�����p�zce)��s���G��92ǥ��=v;W��bb\���� ����
���l}�r3y}uT���J��Qc16X�[�k�V���x��5���{OW�F�37C��M^vLW�� ���1��Qӽ�?���o�V/�Nt�:���DP��$m���2,3*:Lh��(���荗ժ�b3�Z?9������V �jrgj�ؼx*��>�6��o6�,��w�L'�[��8ۗ/8�U?c�R󴀔������o�B�w�����@�V��s��W�$F��x�&�'Z���Q�>E⺑Y����>">��	I_jQj]jgj_��R�ǎ>��K����[+�a,t�}��~� �B������g�6�s����c���p?� 9/���=�B|,΍�����GR�>�F�Y�%��}�m�38�=��Ru�>��7�	~>��{�����#����F(˟ɎPj�U����j�k��v��%�c�����h��[���l�߰c�R�8��������`�]���N?���08��)-��)��x����<j��WZU���VP+'�&��a_�@����y*�7��l|�D����w�gQ�����M��tM4o�Kδ�?O��SD_�f��;��,�����D�_��i9I}���^{�jFS��Q�Tn���v�r��J��q~�gV`|f�XeJʎDGm����i@���T(�v#r�&�=]mA�2�E3��V� ,`@Y����d���-wO��w�x�q�M�E�+��-��#]mq�f L��$^l�J!������!.���6�f�aD�!�}Jcoǽ�]B|h��͇��a�f�b��l_.�<��;O`j�>�zaQ��ɶr��Vﳽ���SD�л'м�D��gcwy�y3�6o0�����&����W~'�hJ�O7P��K���"����8/�v�q�������]����Ճ)YrAx
S���g����)k���$͔2D�Xj&�B������r�C�r�n�t�K�����O7���o��C���<�G�6ٯ<�W[5����9���ئ�4��-�gP��i��
���2B1	�mi���UI0�=��s�}O��I�m_���f�����}�D�v��]��
���U�(�>���	�z�%��p6C�8�H)�(��ŗ`���c���P%���W��]H��%[,.Ls�q����NƄP87@����Az^v��U۫�3�X:I���:��^��!#��A�P���TU�#�6_ũڀ+()�H;�j`"�))S�]b�"E�u�#+r�G�m�|�P,�m:464H��ꓥ'RCFK?��eb�'y�W�\{�͕.�xwx���+I5��r~�ߴ%�`Y}d�2M#��i�E��O��ZR�~Q9p�8N��`k�u�\��XPq� ��5[1� y�$H�^��Ӳ	���;��x��*�'��F�R�M똌�&��_}m߾�^�?��y�v��xu���^۷�����E3���xA�����i�4h��=�@�� �ꅑ�����	TklH�t�"�pء1�Һ�TL��2'�tة$�ۗ:ª7�u���3F�a�b.œ���۠�}E�wB!�s|���pF
㴉_�Aט>^$�QQ�h���M�{"��`�0���!8�l���2^ҫ�8����)	C��l@��#&w������&2G�H��-��pB�nNdCm�-Yݲ�LAy5�X�q0� gb��h���EVSV�����0
�&���d��kҝs����S��I5��[��j1O�m��UmW��9�΍w�9��Q����p�f7��r�F.��Q����2xy��<�P5���mZ�膷U|�P�_���#Zv"�D�+�����F�>�_�P�\	��%[�ޒ,
��	
��������1��Z�B��R�/�#|Ou:8�2�#�c�?hax�X&a�M1>�'��H�:U*�H��h�;�᳌�q��&0�����e�F8�2Yz�eH3EeX:Uڬշ.}{��A����I�=����u��p��'����*����VLm2=�s�:E�D���s'JWf�٤B1iOM��qam_��X��ku����AO��UukM��Y[6���{*?Z��=u�2�D5+<��#��n��,�?�~��եݛ<�htvӼp���Ӡ{Q)�n7��
_(�l��4Z��M=�E�Pi���
f�2�$����gȆ\]OG�S�����q-��qU���MݻM7v�9 ���=���T2��t�1N�	J�B#��a�P~�_�Χ4�� M�˰���EL�6�I�͛%�[@�\�[*�,�gl6h�9{�۬�8��{��GG���7E��ǡ���p��%�C'��xm;�]:SˉN�fI᪦�T�G�Ud��b��Г?m�%�9��i�_�rAY6p��F��~���X��+���������om�a�@g��������7��%ZrC��7�io����g�5?^����g�e[����{W�5�r���{֦׃Wmh�vʹy�+�:n����+��򇈇�̾�+ЋI�d:ks��K��+<޸���o<�����_����?���w�C%\�!���t��e�e��=2�����x� iV&o:����,lF ɛ0����	я�2�w��7��.�����j=G\K�� ��AE9K)�S��[ ϮƖ0W����8��͉5Ww-� �CuE��r�Wy%���ܾ���ME���_���r��ܹ�^�ь]��͵�ș�$2�vI�����їĂ�h���tiv}���i鲩M2��o
��-�H2��*�n�!l4�As�H7�jVȂ}�m��!\��"���eQ˛-䢖-DK~�Qt��?X?VOX�ag=��;�
n>���RGR/�ȔaI0d3A��$D�TP�0�.�	��)15�TȽz����n�`tnxx��D�c����xL��޸�<�����W��a�5�uI}u���I��
�_M�S*�`ǥ�y�&���U��w;R�R�� ��˒�����S��Z���(�B�J�}���W6���e��V6�]uǴ9Y��a��u�C.�����:G��Mŝ#�TZwߑ��;+�Z�����pebc����������p塈M�n��翿�cVc��ksu��R��(�,I�,J1 X;��_h� ���3����D��_�����2f���"��9���9�r�}�2\�hbQU,���1ʝ��}�X����L>:�g�0��f�F"� v�N��|z' u;���H�6�%wWcc<��O�T�n�X�vR�i��b}��2�{ȎaU����Lt,���!��/�;��u��=�����'�0�\�,XM �[���K�ֿQPɄQ�pq�`�\�R;Ig�8b�Z�c��q�L'��3_x��l�\9��p�G*??|�>�����|�#��T��y�o��d��ވ��+�zgZ���9�=�է*O�.W�={�O�Y������c�_:��=��
�ַ���1J8���Y1��P�g�w���#��3� @^B�z�q�0^��곈��C����<�6$�p�	�ڝ�A��$�PdO�L�{"ع>c��)D2Q8��a�)L��on]?�I�P*�{���o��h���9z�Q$�F��i���&�n���V>��֒��m�L��c��k���U�l��������٤
=��1�/V���#���;�v�����u��(��Xi�g2k�&�2ƌ�8�5���x4NL�X!�d�s��*�c��G\�md�P��J�8�粒#N�ު'�?R�o�e��sY�G�\6p�Q:�-q0�Z��#.׹���3y.�?�,����2�c6��t�9�15Mf�H"�J$��x�L�#��-�X,����� �$q�\}.�ehK$�2�R�T*��2�e$|Hl��GTJ�ߦ<K��?mčC�[������*��E,�0W.� �=Z�����	(���f�8�yPW��@��'���pI�A��L")�H�cN�VX���b�]���H���Ň�:!~˾Ƿ�p�8��Wx�R�Pg�9/��ɍp�?�b.�L�PIv�+/�*���G��?�]r�+˙����GO�R��tW��O=*_W�7Me�"4~>z9�hE�Bkȶ"��v�v����oR���}�����eH]�h5��H=U�۟�˸�=8\ū�v�$0U92����m�2q�ʓN3k��x�����*SCu�|��HU��c��Vٯ���Ù�5d{{��>����d{z8��{����L/֮�_S�8�<�$ �H
p�$O��|Z &E2���ʄBN$�Bɕ 5I�᪅�X�f��PI$�DL�P)�eg!4��w�	t�<zp����k��$	 ����T�MVæG���=��Qc��{r�#BV��E�Ib� �ϩ���J{���֭o�e�˶��'���&2��:z�\DУy���#�%d��:����{����1��#J�y%^A��������y�f��̃�GNI���M4B�`��h�R�@*4pz����Z��p]@��4�dn�;�^�^���Es�cvW+�4fm&E_��v�����2?f��ʐ:� c���q99���Z�1G�1f_���GA�ȁГ+��tfs���r���V�H��D
��P���&Ӡ��V=�?�mϗav(�b��y���͌��A��$<8QWYYp�)E�����"�Vb��3�sq$mnx�E�-�~��Op�gFǓ���]REp�$��>W��v
��@���C��)b��j�D�鬊�*�8T�9��J[	���7�	4WV�r��|�\=_�� ���>���G��;T�<��5;6#�B�v�_|O4�7���߅o���h��kp=���6��.�]yz����.�2��O�Jx,���oT�������K�Yc�s�B�� � ���� ��w����9�Ū���J�
΂�����S\5)�R\�׎�-�Ւm�+Eb1�	�����$R�DLɝ.�A��
��F�T��A"���
����.��
I�b`IԤ7-��\e�yH����e�������. �f��,U������'�ٺHE�xN�h*=wx���.I�K"�Ճ�5P`���q�{���r&8�Tk��J�[�s���*���=}�[3�/���ʙ�ӯ��'��oI��]���+J;��6O�����t�ٖ-���o��/(��7W~�yQln�Ryq��˒W�
� ڤ�j��(�H�Ō���K ���ڋ@l3mډ��3C��N����Iɵvr�p�R�J�����}s�JQ��wU�����L���̦t��(\��(C�m����~��-���-a�j���[g��t�7l}�٫Z��ވ�X�j��y�:��Ïn������������;��:���#������z�3׮�w�-f��LUpu�
�!�<�\�:�f�L�'e\�$,��~\"�������
^�.@�>��Fl�u\d2q�|�2c.������b����Uf��G�VO#,��<)G|� v�]n��n�T����!��X�����͕��|�؜�vjQ���9�K��\�P!Q��r(.�A��L�'��=�=��Vc���c<���	��yz��OR�p_�1�W��#5���؃�^��L_4�G���w�W�j/�17LC��@]�6q�j��.��/NS_�_�_�� �������Oψ��?޻��������i��!Qwx@�k��N����
��.��H��$�\�7l���X�����;��j���o�j�����}��+����Sp\���G F�� 9���0]��<��*��b��K���hgb�eAxA~�syp��!�Ҧt���F��D *o�$�7�C4����W�6hy�'�N��ٔ\���]Vg֕'�IZ ��!*d��A�t	�Z9Ip&��F��Zm�B#��
[��PLȫ@(��;Fft:�ش�D����NǢ��p1���$7�L��.���a���F�x�g��zuQ�������^
�l��ptd�Bt&�V��x�T�㡷�p��`����y�㨑���Z���8�4᪯Hp�y<|`K�&�`�Y;��E�q�Vn�uJ>=	`������T6��|�pt���A��r�n��mj�t�֪N�	R؟�M���HFDV�5C|������횰����|]�����M���D�?�����Q�#�nB�@�gW��*�7�8�\�B�s�J�f�w'<R��7���FN��P��aЋ) ��tP"E��RT0T��I�YF�fA��c�e��z}��6�S7�m�BN��I��*�䅀��&P��h�,L.���C���`���0�����E��7E�L����j��$ɝR��7Y	�l/�t�#�ԛ��c:��7�[���[�
���
�9s�ކ�M}�ެW	D2�����7����s�m��%�׍>�Φ���3�[�.�r%M����ug�x}����}�����|������1��HAP��QplZ�MtB����,��c��9p>�_}PM�y��bxB߫%���v�~O	-C,+�Wٗ�d�"�6�puψ����pi�Wgf��C������l���Gb���@�Am�;���^H��恻޾y��%���a�P���ӗ��;ֵ�5;�Xw��'�߼���W���޾�n��s��?}Y�W\9���r�Kگ����JggP����%�2����HIJ"���v�TI�@"�@u��L0� ��N��v��ǠT�( ,�A�0��F֐��pr���<��f$�v��8��k�w����s��L/δ@ą��t5%����o��-�K-plj"&�,#le�!��U´�i��G<:z9U1��kGMDb�N2�6#߭�U���-�Fw��׏��|ΨX�����+m�o�p�MLH�Y���C�YV����Y�����,�{�)�,�|�i�,k}�i��x<�s��*%@"֝�J��Ư���f��p�#�x!�N�g`��(+����H�ݑc�hd�c�H���4�HWO�Α~�a�\���ι�]�܂snW�\'~��i��Oftx<�39/��p�;f|^W}��n�\D�׎�����xJ� 5sA����&�FF�r�h�%��6Ш(��f�s�e�cfƃUA��r
e(0�^S��G�.q"���g��G:R@��|p(��"zddd�:���a���/�����Q*�n�{k�;
��$�x�k;:^�+
~�xY$ѝ�:�Z�\+p���L�)��Tr�@�l��D�C˚�}ѼKev�WT�}�6���/V4����d���ѿ0w�C�O9+��O2��!l,��ӡ��yb�XQD�TЪ�#�A��v��K
%!�h�PX!mq���5q�e����D(|�<$$`_��������7!�w3 �85V���xK'�a�#L��V�G��I6�+_��f���T9�%�r�}�x��O��"�@��k�_H�����ҟWxB�RS�*_V��qU�MHx"�<!��k҆�흝M߆�;Ѧ
V��J��K})��d�h�$���4k������k�ȐB%#�[^�ѿ�H�O���a	05�Ϳo��|�K��]���6x��hR�W[9+O��˦�����T>]ov+㐼���k� ����#�3�$H�IIZ��� O���F�JK��V�T��{�^��IH�����U'l� �#��8�s)[����������������?���PD*�������p&f1B�?�\_7}<ZtdtG����H5�Q�Tu��/'\��6sŭ��I-<��F�*Z%v.�/����t��	,�*�VC�	��1m�Zf���;W�����N@����z�;׈/k�6-��>m�Ι��w�~x�ƾ��o��
�� ��Û߅݇NU����ٴ|�� �-�<����/�MP�����/V~֖��g��,y �@	t�0n�^��"#Ŕ3�+P6����yq~J�v���|�HV Y{;SH�D�q�� +:ΐ�'Nܳ0U�Q����/��x�A�p`�@�le�j�H�;��X�[�@,@�@`��8H%(d F�Hm���D�{Z*��w�`F{����(K�������NE�h�����F.@d�ն�'���5pQ�$Q[~U�;��~���gk�*
:��ɉ��('���%��]�\��m��*Rs�mL0ӳ�/�ȕ�.U��һ�ͭ|0�#�:M�0Y���)?�v�r�1ɬ��g�3�x�z����n�uZ�[��S?��퐬jM����9</�V�3�Nz���k;B�J�|ΉV��m#��u�����@��o�\Ew�����GsXsR�Ǡ���S�81G�s�E[=���{�ax
E�X,
��F*� �	�N'I���.R�Z�g�赬�& t����&.��:#H�� �,u*�����#��8	Pc#c$C.&ד�H.�)�-Л�W������
"��*��>�)^���n�W8w�����u�`G�����\6�(�Ǉ��p��&��vj����֜��S �3J��ʯ��������ݝ�<��	7��4�s��eD�t6g̝���i�W����z��@����QȜ*xo_��|�ڪM��mmP�V���F:�7Y�����)�O��J�r����/�f�<��(?*?��#P�2X\2y4BI�f-��:�v�W2�m�Fr�x��1c!,�r�^�spq��2�m(���z>\+�4�Q6�i� :�g�Q+��,�]�S!���P��ql��+C�jY���e�"���~c1�T8�r��ܲ��Y���r���--��_e���ݶ�i�� lT�J�dϬ��wv�Ծ�o������6b7�S4B:pSH�Ҩ2�
k����(픮�l��$bIjU�F$��.!�!���TP��C����g�Z�a��4���h-v�5�.��#�x�Y�вhQK��E:O<�lz��1���O���E�%����=�ЪS��N�����ԥS8������81��`o��˥H|.�-�ֿ�H�*�����.w�9�T�_֑�V�@-f����� ���3���"U��H
�`7���p��x�D�@tE�|%�r!5�<bs|�R���^��U?��G��U�?�x�x��BIy^7�]�W*�����z���]����Op��X�����@3x���9j.�E=ǃ8KɡS)hJ�q7�g�^'�J���e�Y�����tpd�5�d���@ih|�iM�����q������c�\&><�>���۞'��������H��82R�f��hQ#��s?z��J�P���t�"}��z$Ɣɏ���q ��F;���<���ZW�Z�5P�J@KLq.)1��K��՝W��h�xF-r҇t$]W����aoQ�tHD:._�Po�������m釶|�3�`vuF��K�[����-�[F��T'0�4�.���bQ�V�Q���D<J%rPQ*Y&1k�g2ƃ�'��^���J�%�iF����y�ڐ/��G�Ɍ{L�g\y;}>��
_S�=�~F�S�(��ڎ�x������,�V����J�#54�ګj1�jF���e�(��:%��r[_���i����ߔO_��1���2!���ܶ��65͕��6RW<�$�?�:�s�9�8}��R�4����2]�Q�����d�it� ԫ���,a�Z;�nH� $(���ndl�P�{!�K��Q:�� @2���yH�K���߇ߟ�L�%�]@R�~�O\�+*�՟�����
��H~F�C�!�E��q����q�R��#8��GO�{D'�e(��=$�
�5M�=���O�^���Z1"��U=�ץ�e��$2��詌��������O��*�J
��?�瓢��^���3�����Y�|B��_�O�>_����ũir?�������ɤ=%>�!�SVZ+&����.�o��+�Jr��5�#c������\�h7*��ȍ[D�F{�|蘬�� z�˧YW@u�McP�O2L�?��/��նdik�%�_С��m1���Z[��%�K���1j�GO�5���l��GY��Խy|[��0<s�־˒�]�dK�lɻ���Y���w��Y���d!�5��
	NDh�By����B�Ҧ���,
It��̕d9I����}����Wҽw�9��93gx�X+/�*���O�����.b��1�GM,i�/i�u�`�u�2���Fъފ[*�
If�K����R`����'�)H�n�	�Ԃ:u����˫<ձ�Q�Q��\=�W��$�]k���Ji �ʝ�������H��'� d/Au�,868;��C�7`Jd�<�Ĺ4	
J3pg��� z<:[��--U�-Yc�����{�^�Uڜ�}9'Łzm�( ádM��JIs�Z���j���Ý�xZ��)� .{��a��Ҋ��bji�m�;���wgN<�A� ��xo�XB<��q76�������59[&�Ua'����� ږ?7N揍�~_>(E>�H��+�~�.�[ڝ}��ڏE�?^�|��Q+S�S�����G�y`_�o�GZ��?��J�n������TC=�o\�7����wS��_�g���b�j���?�i���z�Z���S^�2�vK��s3��raQ%�#_D�}�W�Hu���
H;��n�VV*Q��YG���ʶ:`�(I��ޯM��u�"�E��ƍp�l�=�J�Г��V֛,Ú�Gۻ)H��Lk�� �Z�!��z�7�"�U���B 4�mz	. "�`�	S~KKI4��M�"�o�z^��ݓ�W}�ivK<������ێ@���KCK�]8c˟ycyd�޺Purԭ5߰mJ�9>|	����qوI��W�J;�m��7<_j�8���i�K+௃-� �T7�'��_Q]�s���Q{��I}�c�>�=��Lp2@Mc�(�'a���3d���h�}̸�}kQ�����K����$x/�#���0�h��?����@��{����?���u?%���#��#�Ч�vȴ�b���Z��FА�8���sX�w+qȬe-�c��Dzw�?����e�/�ۤ,v.M��Qln�3��>�6�wV�-Җ���۵���rK�35zN밅�K�G�<����m����]77ҙ������y˺7,�1�߱��Z�����意��鎔��Q��
�l��YV%�!^
�I=-��R-��P�"���v�#���K����'\��T�M���H�3(G�)�=��m��ş�wT�-D��=z�Eu��:2f���S
}u����0w+���P_Q'�\�q�/R/�^�^�1o�`�<ux�
��������PN��^䦆4�ғB=m��/Ҕ�io�7q	�)�no`���o��x���8���v�FƘ���R�j��k!ߒ\��n���x����|#.*l*j�q��d܄^�%�2kq�Ư1�3W33�6�tL�ǶW@E?Ε����uS,%��)���w�rX�[J�¾#[���HTF�@���U��S��h56�"������6523C�)�����o
	�1�E����PRP���24��h��d��H3T��)�"˛��V�)x ��B+�IJQ>�0?k9�n����D��ݝMe���s�wg�Q�0�@�������D ܜR�n��z�v� ^���b\lkH"���Ɯ��a�����M��aHa���
f�5 ��NPo�8��4EaM��R4����$���R����P�:�R��md��cB��:ߴ�>�^v��}-)������x���L��bw"Ԛ�7���P�ҩ�)�fY�����*���X,��/-ۢ��hg$,�H@"!	���+��jLV{#18�f�d�!z�7O�����3��$4u�7�e�#T��ب�y����WG���5	 ��K�Ͼ2z�)�Tc%�P��I"i�� �B�E��[U
���oݵjN|�wm�����f���^Ӣy���벑Ʊ������S�����d�F�6xv'��[f/�v������i�nm��6cY\3�-��ރஉ���H���@$�P��1�N3G�j�ȍٝ��z��h�^47Y��%��B��盚��/�{���o!i{���J�:Ҝ.���@&F@>��#�
�����k�-���_�����v9b����ه��|Ӏ(�D��b�2Hw{�u����&��$F��4�d�5��hl8*�Q�Ϟ枣�Z[_�`��f���\��Vkg2��1���di�@�4%*yz���:0�U84�->~ܸ���]��m6UT;)h�Ƣj�1��m��Fh>l��:�/�z0��F3���NҚ�&mtRQ�
��oa��M�!�ﲧ{���6������hV�&!���w���D�E:���n�{*�/�$_� ƓX\�w'�x�h#$oX'��)&�lD-�j+Ӯ�3���#���WM���u3ƵTW$t2FZ�;���9q�oт��lX����
���1�TnK� �y6�@��}���?GwV�JU�m������ƨ�aT��hL�+�|��9S��m�n[�Q�,Q8�݉�5���� HyAJGp�9�7|�����A[����R_Y�	��F��z*��z��;��ܾ�c�p��9��cp[y��+,��UZk�&i��i0�dJ
����J ��e������15�E*y��=.h6×�-Kg��!-��+�����`�	�FL"�8'���ob��;_؄�;,V�.�3i��&փ]\�P�B�ȣ��S,�Ê��-v���đ7Ә�3E�#f��^��*��o���\��a�oWN�㝭3�r�XB/g�%�	wӯv9'���Z�nG�o���N-+R+�g77)Y�.9��=:�^��ߗ�h���FPӌ���?j��*.�����5���+C#vm�Q(����J�z%���&O��5�����\�'9ã��g��N�(g{�|v�|%�R�ޱ��x��C>�eRcA�r���%cL�_��`4�$W²���E�ISc3���R2����._75v%��(�X_;��3����-}�S�	�@i�TT(�b�I�SGtSq�1�����j`ğ��P
3��3䤺�O7�s4L��Y��P��T�e��g��s�1�'�\���}��ňNL��A�.w�4����<NR�z�c}%uA���+6�;X=aL�.�86i���ܒ�K�k*�l����%3#������Ѯ�E��^<���r^��Dm��*�ŒJ���f��
GM���*�n��^��gU��\(:'��hJ}��p�N#I��>�%h�{�\��uNSe�^��R"q�4�E"���HG �5�d#���*Q��qml�\.�vÈV���k��[q<�Q,<M��'����?H-�%�chA+f.9|V�>{6=f�pl2�ե���B�t�~�:��N���X��o�/���2�^�Ȱ��-3��=���AKvO���]�S'�Yj�HhJ��S�RS?��i7�&r�
NG�FX$:�o
�fN�?
P�H��f�P��"���?��<CE���A�τF�d�aH$"Tg]���D(1�xM���Q�-`4�Nq֫k�k�k�ֶ�u��ǤO(�x�K�����a���s(X�6rDv���Z?��:����7T�d�-����U�����<q��=���8�S�:�>1r�Ԟ��t�ݾ;[|��Tɉ[L{H8�a�'���Cs�d�b�݃�����Nϙ,֖G㈯o�l[�&	���WI1� ���k~�=(,S��1�`/�}���\�0�?�l���n����e5�*�����;6@U̾a��݋o���,Z�q8���^��뿹e��o�t��'d�4F��쒳��CY׎ͯB��k~�Q��-yuo�/ҵ��~�#���}�v^�S���KC��W׺+:w��]�ڛ��jo^���Z��>|zm�'<b/?�̛�W]/��}�w��ᝂO��N��K<l�􂇭w�s(=�/���ߠ�E;���\B����<X��+h�@0��r \c;LA�V?"�V���v������:���P�%Z�.�h�7��e�J���������2���_���~E+B�(qmS:t碏�ш�|�<�F�J[���'���u��'����S�)�tY	+E*"Z�EK,��\�H�"9�;��>����*����2F�������.�	|J�Y�fz�Ѕ�E-��nD����nO���(2r�Y��X%ԥ.�m�����8%��t���R��w��<�FZX�k�k���#0�Q1$�^F�/q�|�������Z���j��T�%7C�H���Ue�P~�Uh崢V����~�R�Z�!�L�?���-~� 鋑��^y-��7j�8��f��\.�Kd�8�E�i�I�z�?\������+�)kJ�֓�M��@���j�N����W�K�&�]�P��O�E����#�s1r:'����E�)�	������E����R���14�A���|ɠ�����1=C��|$o觶�hl�P?�Ed/y.����d!�6�O2_���`=��?-\x������7P+3I:�vhy�0w	 �V��(��J���~9��L�#�
���5kE��秭��6�?ϻNr�]�|���ٱ����\�*Y��}}��d�n��bU�����c��	�F�b>E��{� 4ˀ��ϟ'�@�]�c�����l��#x�PŨ�z4�J�ɩ�C K  ���qL����dP�'�P��,����
֮h�	�@�s|��B����j�+S͟��@���9��%�����x�������V�IE�Pb2Y��� �ܰam<7A��]�PNLs�dv��f��y2��X�k�Kv/9��hז�b"J�Uz4�����@� ����s���Ղ}~�پe{K��o�@�MY�v��uk�`k��1cؽ�&O^��μ.�9#��@���3w0����)���l��<(a$�ST��{��S�cPL�g��9r0%��q%�]����8 C]��7޴|����6��at�T�'�w,t8�M!OT����NFC���Yb0�ӥ@�Ak�"H1b�8�cq�0h�� xP|>t�B�A��QX&��`������(�rj�{t�F�����f����:�<
��+��_�hF�8$�L@ǉL%
�f��x<
�g>zS��R��(����M(_��=���u�x����ウ��j�ߥQ'�b�es�48���$��ǌ��FhD��F6��**�Et���]�_B�`�l�� �2[(D,��Qh#�q�Q���!߀hV0�ʑ��=����a�5��E�~Ny�-����ھQ8�5J]%��)F�h�� 1Y��Y��$&+�!K١Ơ�k�2�]m6�V$b����'���)X���dez��y�� g j���ޠ��$<�������k�&�+;
��g5z0J+>�C�(g�)h['�O@v���%-����K0��R�"D��>1;x&��s��Ϟ��E��[&ʨ���|#��͟��$���B�έ�zh��ۑ�`�����={�ʧ��{�z�����ځ���ɵ`-��'�#A��S5�2��yz�=����<J�����[��
�0d��bX`�K�ve1ۭ4�.�N6�5C?w�LS�rd�(aѳk�*��H�lכ�v�I�&������ur�?h7��!�݀���\	���/5��~����y
"���($n:.,o?TWqHc��V{&|~�I$lK�ŗ�J̍�ss����7�lW˴�p�FOKG�Ӝ}�{����r�4{jj�4޷���*��w�V���`ל9��?�,&��6 .���'̓bq+I­|�	���A�p���b�+�g�}6�O��8�ʘL�E>Bt�ʕ��IhI֠<��z��/.� �
Rk�P+\�j�<�^������Oc��B=�:�
<�S���D���oi1Q�n��lH^��
�+�
��i�X��=̰,�H�C�M���`W�)lj�p؊O����u�Q�R�g�����>$�㓞'm0��|�m��C�^ꓖ[|�r�es���-5���o���|�r��áPk42�V�SZ��Ū��-2��.:��KmZ�Z%��"�:�R�x�% lW�Z-�L�uJu�M�,g`h�vd�H�RiR�dh%�H�DD��Bp�.��c	w�}�J0��������@�
��`��3-���*�X��H�'�HK#N%ߺ����p%1�~1�j���9��M��:[�����M�[u���<���l�.��K[�~��Z_�c���U0������jwE��O���o��W��K�T�?s�ɡ�`��zXOUKG�Nj�A)ʥ�����b5L>��G�Xr�h�T,�!^¡P����:��_�P��e
)��!VJ�28���)
qg���evyB)� -�!�5�D�z���d��OF#Ne��RZB0H4�?���)L:o6$h�KrJo �����̭~}�Z�3I�X-���zE��aJ��F4�9�DC�ڟ:W�t��k���鴷�9���S#k�{{��{��#:T�Ձ�Q=5���hnV��ju��a��%9yu����/�m�3���0�<T1s�oݍ��_W�k?%����;��;wQ$��!|�Fґ�1f�a,:�c6>c}���̜�|-��K+G(CC1���V�� ��(��-(L�Zk��r�ϯP �������`חy]�2]�֮sZv�ߧ L8VbV�-^'zKJ�fZ,� �j4���)�ʜ�?�R8�?0��:Ix��Ze�-j�9&������e�s@v����λ7��X�8�A�|�w܄]�!��\?/�~�t<�s�G��O̻q�-���Y��f��������0SNm����D��+5~cs]c����0暷�x���a��G��'.���;��/��������:���~a�a�ynS'�A[�z��4�m#a�h�z���2ҶHs��Q��rWA%���*�
��
�A��0��mM�U����[I����*7� T�����:��z�������&��"�HG�Q��A�~@u@u\E�Tq�/�M�`��<�����݅6٪0+ª\<#�zQ?l;����|�:g�
.��)�)��(r6s�r����o����2^Z1������jg��+�n��B���&j��
�=�YJ�s���"�Foc�3ʵ&<7���8��%D��`5��E�U�^X{��'2�D���cW=x�;gA4-��s]������T$Y��k�u2����4�L�� #fD�%��/�G�-�����%�b?���>��~�/~��1*P`e���f��~�%x9"��T��[���K�@bZ���/䔼_v�:����D���t9�͞Ɵ�Q�O���W��9�|�t� C������Spb��?=�����|�0�������NB�\O�M��^���8ߕ ��r�"���4%S�T�
z*����O.�#^���>N��@�Z-Eɤ�xm�K�%Ԩ)�������뾄�hx�W��e��_ }���3�f���Pj��
D�b��r"u�/�*�����c�+f��Z�^�}6��i�tRep�4���:�\/@�~��
�q��+K(�׊r)z��Z-/�}��xo@ݨc*�f2Y 6�r6��q���/�V�:F�Ŵ��+���Z:�y������o��4��H�"�V�@K��U���j
~� ��[at\����!�n��Uw~�ud�VM�m�zu=W���:}^����*QϖS7QϠ����z3���e9b��᠟q�
#�c�g��Ê/U �|����k��$A!٬�㈦h�旓�].+W1F˱���e�w,�+T��q:�^��v����X�R����#����;��R���0���|O{e��v��/k�2?X��l�����Uc��ҕ��']�h\��/VV�j�5NL��kTvG�a�6�͢4�m����q�!�8��$ZDvPGrޫ�/��(�,��(_ޙ�K�j�&�V�ʔ*K�y��D8��h�{�e�h� �0�u�@Y�S�hF�����C��@�#M�Z٧VaT��}�&h�3C�Pf
� _V� ��=P{����/jjYgm�����b�z�a��T����JYV@/�.Ȩ��[���ML(��d�=ħkZ-8�	75��3�l�1�����x�D^˹/��]��D;z�+�����v�߀6�%�X�	�=C�~�o�^�F �s�d�_#�/M�[����}�_�3��v�f괹��8���=x�L�@�b����ɹ���e<�jg���pB���w�@�����.�'dwx���'d+U��)$q���NG�YV��՜�<�//���W�z�54h�:]1�D�:VO3�������WPUQA��<�`�(�z"�Bll�
RPݧ*�S)1 ��}G��@���P_r6����K�r:���^�r'�<
���\l�.-/H��/��� dh-'�b���:]l�6�S���X��!b��k����@���+��u��Dx��⛯!��~���H��&)@c#���!�g�*�E�ּ�s���2'-���*�fخf��7|b��BȽpS0���=)d'
���K.5��������L����S'�_�w@z�yv�4�A*��t.C����j���[nNE�"՜lN�5t����$���i�� oP5�Gh���k��.���ެ�֤`}SssW�N�45&����Zk��-i���%Ͱ�h$���ҪT��ʲ
&U[K`��U���Z���J�E���`�)�.��am� *ZZ��jj�uAU-����n�V�I����t����Q�E���at�xi�X��$Q�YG�d��C �A�k���֞���R��:��zoZZW��V.miIK������Z��C���dAbv�\�#'EWⳤۂ-�)�&�|0�yN \�r���KL*�W��d��{�@jF�xQ��g�T��v��J������g�'����m�wzr� ���g����!�������ɡ18�-3�<��zO{�4�4k�mm�F���_�����A��h)�ڠ��AKyc����!:�^,�
�ruyY9]��7�*�c$2�.�����}�q�B0 �]J�ҫg�B��o�\�E9S��W�a�l�dj�^�6PZ���r�֩��ژ�a��G��Rk_�{�-���U�(Y���O��K�UA�Z�#��̌.�ݮ.U;����jK�ڤ���}�x�(l;��4�3HlE�H�J��oD�x!X;��N�Y�0i]���=�N�%���1���ͧ�+,HbN�L9'X�M&�F����@��=P ����Cdk�(�ΐϝ��>m|�c���`����ao��;['ǃ?
�z��]�[-��	�|#�7tQG��<U���gŲ&�ʓ�g�V�?��'��>aϊ��Ȟ�{�e�	�g�d���Y��ͼ��`�d�c��l'�4�V��Q�G�N�E�*����Cu9�K!�A�,Ԁ�QN�72O��}���(g����E�B���Fq�������q�ô��'��fB�U�t��ߟ��nwG���n�X\�w�&@r�4�KҖ�ܞ�.!2P��Kpl\C���@��G,��%���Z��ߓ8m��h�j�</D�U\I�EBBk9���.	�+�������z��G%!sȒ�%)e���R]?\6\�i�L5O�\]����a-|�D!K�%b�ŬjIy�.�O���j��1�L%�%A������*���эg��HB�p&��t�;ћ%d��M*��
��ݖN�|�aAP���/�^�"i���hY�ll�X��6F�DzX��lX!�k/�t�O��Τ1&
�w�ق���V��'�?S;� �(��Y8�O�/��>�;�'Dp�J骇8���^�ס4���Ǝ��}�TK5F_�w��-V�ƙ����=u_W�)0��h~�F�7�Gn��3i?�.�4��@�W��߹�(WkJ��KWE�,�pdr�Uw@���"n�n�uq��m�ʲ.���=�Du���(���/B�v�R
���O�J��
������:b��������_�r'ۇ���_>{l���E�-�U�ѣ���]t��WN��cBA�9
��P
��h�'���!�>4����V����"Q�P��!�c'�8���'I&�!u;��a
4��F.[+�w��"J�$��T�\��ZF�K5p��>������XrzC��"3��=P��BcL�Ē)����e�Co�;�
{�#Z[�K���tmuSuG�n�~�}��-=�>��|��a�77%S�u����K�u��#��]�>j��O��w��z���ds�.2Է���$�mq�%C?�9�:e!�ol0�Sÿ�؄��^�r�jZ��q:�_I�z�_��o���a��@�ux���+�<�C1�LgΨO_�h�x�
�u�-sy����J$xA����ڤ4��񪀈��b�6��.Ԗ��6��_���e�a"���.�	��k*x��n?����0醞����|�XR\g�˝���jɹ�pG�������p��y��]�v��~9\�B������<�W \����!���q=Up]�|d
���=���nY��x���!g8$���(R�G�!6h��g�":���=���UDs\��y��T��st 
8���ΥW��;L���M~8xN�Ϝ'T	^�k"7�n�<a�l�l�m3�W;��~fKm҈%B���"���1ܕT-�%t���K,f���E����>5�����M��1]��T�+*��Ts��ADJ����9{y|6�LH/��p�9�nL���g.:!"�vi�!�]���H\d;��U6����N��L�74N�S;�z��F*�%���AϿ���J/Q�1>5v��?���{�qR؎���m��5;p0ej���J�#���^��ׇF ��i�tL�OwL+/�VvD����>V��F�:x�o��X���@U0P�e�`g�zNՋ�5խ�jk\��>����V��ˁ_��5US�J6�)O�����h=���2	��������2`Ac?QA���~�F�U��3��[ǘ��h(���q�(���̷�h����-��q�x��.�Y���y� 18	F@ ���|��(��i4��hĦ>;" ��
�A}�fC��l9A  �����6�a0J�B��]�7��(G��޴����BM]!R�B��]���fFRD43RC�R�'U9z�wDOH�N�P�1��A�֟��<��;q��z?"��G`Y*��R���w�����e�i�Q� ��Z��a~�8�@?�C�;_�~�[�X�O�)��z*����q���Cw.NF��dDB�B[�zQ$;��ܸ7�q'�\c0�gOim�Z=�
]Kj�$D��m7؄G{HLV�2�5����qjq}f`2�Ԫ�PU\~OQ�1$�,��;��z.��D���"�������X#���:Dck�.���!sM���U���{����AֵY�> �o�f����k3�f71��TS�Txg��r8���ꇠ��AF&�����e���G�V��
����;�\��v��LyE}包]aw����2׻��5���Xl�y�k�{XdX���R���&�gֹ]F��"6�t�pP�.L�� c�4�L�+�X�Ev̼�}�`U0Tt��M��P�9yU��`�]�����w�"x�J4�d��
��Y��w��":xF��6(�:��Ź�K�CH_ ��u�<x�z������s�cj�\��l�?:vX����[��p1=�c�/Wg�%KKtJ��5+�k�gP�Q�M;z���^����J�H4�K�Qu���^Ǧ�e�X�Jf���{jjHH����{������`�[J�_Y�� �Lh�'G3��AE�auL��P;�B�
J]H3:��}.v1�#�Ǒ�}��ZX[���JȖ ��Au���9�qM9��ٖh�V��{�֠��H�nW����c�C����t�;H��&�j?^��wPW��.�� ��2_��W��.���/ �+/��/�U�I�GT��*�U��* $�l-� l�1.R'�3N��`d�
�P�mH���`o4���Xϲb�$��PA�Q�r`�r�r���Qv()QW�(�b�T�-~XL��A1��UB���d!˚�Rƒh�&���5;�g�S�F�:�{�1�|�0G�{r�^�5D?'�����D���^)_0%�^e|����Gu߼{;���N5�.�뇂�J����7��<r�um�,E�@p�"T���}�߂=6hq �F��4�YK�UA�썬�l�Б�ۮ
Dwp�M�9m�a���v�m8(����� �|�Y�� _b�X��`�?\p�\��b��p�����F6]y&�6��]8�g����DteX�IXP��9,�R�t�Uݵ�Ġ���$E,������3���B�����_�v����~�v?u=fv�o��􌠗�����ҷ���A�?�-{�������)����+fP�%�pM*���Z DaGx5m������)n7��h���i�5%7��Y´*Fz:	F�i%^�$�IPZ.7�1#��bՠכY��i���f�Y�a�!R#WԸ\���@MII��b�"�B�z��z��:�Q�m�f���:m�6Sfs�44Z�gEi@�.+�Q2YMlt)~$EUj6���Ms����pV1���>ߙ<�*/�D<��[02,����!�������ׂ�^<:���E�L�o�{e��iN��~��o��Pd[��&z~��e���7��ݏ�w������v���V�_��5��x�x��k���ۗ�t�pu��8�<]�<v�k��=۹U*�V9�t�����Tg�.M{h
���nH�I7л��]����"��F�D"�-��5��4���a9i6;JN��0%'�R����q-��b7�Q��{0P>v�gk�X��c��=@�F�t/FP\�P{��Kب���)�$��; ��� ;wV��d��g�?�ʹ��,��˿�T1g:��������|������=��Y?�랻g�x|�s:Ct�"`g�ڎ�FZ�I��r��� @P�7��,6�ʕ����.���I���i��_�-�J���ڪ�4��B���~�p�
A8�����sjp��>����������k�+���h㰠�r�+��?����m��^�h�'��_��qͬ�Τ=��t�G�����s��l��V���ۻ�MhP���'�S���
��Q`�4
��!"�WG"c����ɷRM�9;z�v�"q�!.:_ii4ԭ|@y\I+3��T�z D��RNE�O*��Fku��s4�����_�L�ѓ3��R�'M�#��44�s�(T"n�����EA��ї�G�VLKf���T��s��a��¸l���:�wn��d_�S�k�܂�h��m�뎤U��<�i{M�m���;|�����Vz+P�d,'m0AS5<^C���**��r�Q鐼iA��+0����WȠL���3�p�iH����b&y�c�5��@����Q������T�uںGnl�[�z�{������>�ޛq��	����#h���˨�V��kZ�5�j� �I�PTW�J_�.��fD���29PQ%?R�XE�U��(�I�~EɃ%TI��S^�MD���� �&H��h��f�-�(��0��(��J��Ԝ�򱝾�)Ͼ�^>�l���sE'5��z���ʦ��<�����5بX���=��u�(��������V�`��FSn+Z-\R	Z/d���2�-�2�k�<���2=z�Y�z9סP� ��Z�N�t�t@���Lݭ�/�^/���*�1�w8��:��U-ǚ�^NE�&�I�֋3K�rՙ��C���ՑPX���A�Oˉ��	��1���b%E�HC��z���WSȢ@�ߧhk�����z��n���?^s��5�z���Jc>��J}�G�������;_��������P�{����*��WD7���.��^5p'���<�F 'S3eL���9J�h�H��ڧ,KQ�*�&L|�@��J|��m!T�g���h�U1��@�?�Oz���έ�c�j�4K�����.C�}�*N���ˌ����-4�3T%��K�~=���pت~�ڳR�Ǣ1�R^j3�n�p�HLyP+�����s*WU�x2 �V	�Z�BE��^J�Be�~�z��|@*�����V��lS*�*���t#hӽ�!�TK��YUn6T��A��O3Q��G�˕���( B����R��L#��X�De6�|� P�|Q�{�(��2A�q�����|wD�D��j�L��)�WYd� p�9!�y��Ȁ�ߠ�X����N`�Spz�m��r�T$2�u�*��n	�J��Ick�_����2f�?�/���*���*�zzk��=o�Jhǘ������؋���&~�~��Lp5��V��g-����lQe�|B����	3Kg6)zz䊞Y����S�k|
�7K���lJ2��Kٮ��Ϛ��+8i2�Gl�̦�<��:����]���D#�D�ԍ;'L �W�C<sgJ��Tuh�8���_F�lW���*�H!�B��2��.[zE0 ��WD+��E/���>�᫼S�g`��1媉==�̡�7�~i2)M�2p�sR��i�2���t�LtX���)��\�Y�����3yM0���T'M��d�52ӦH�-��V�<D`"��F4��7�*�)�;#������&�:�N�I�X��&��g@��S���������v�����]�0�nĮ��%���q̾b9	q")���:!�%��'U�� V۴cq�5B�R�0��~�`��S�(��w�tί���b�uV��}vO�-�,����W���+K�����Æi���ґ�����y���^���H�:���/�1�q�R�Q*�n��tyMy2p�Bk`�&^;�{Y��˾W(��7�o���ȬC�6���f6E�Zw�9y��_��pFL�2T�C���Vj���L����E�o��j�:�X���k��A��2\BT��'~�^
p���H�	�ф0P�L�ϻF�~8q٬1��7�Uz�������X��nL�������_��ǀ�4*k߭w�*�w�y}�ٽk���u�׎���l3�jWc��~�W�M�S����+��ᄨ堗�"+b��9����T�
@�@2EJ���]=Khl��w������}�l�Y�Q_&�*�~?��
`C7���O%�p��K�gf�nl�Ƴ��>��ó�;�B�Ҋ����v��}o�"r��������'ы�#�����A���0���ɝ;����.�����uU��짛�u_wd�����nB�Ak����s�;���å��O��M��5}�\��I�K�$�D ���3��`�-����{ �{�\&�j4+�f)�Z��:-���ѨWQ.������Y��@۳9���8�(�T��挶]M5q��N#�T�7��g�=׊-����o�k�1[D����S�>uED�P~h��Gw�L���k���>EM���-+G��x���	�j��6�N&L�9��&��2��eJ h��)h�p�U1���`�29�� �b.qt@tI�S�l^@0����q��u'�4�� `��k��fh�4>�܇]7�?L��o�Q�(q����(1|��v-~x�YJ�i��*J����M�hD�G]�2���$(y.h[.�4��2K��o�o�B�G�/ ���,�+���Ҝ\�R��R����WT(���I��GQ����1�O{�"Lqh/4=E�P�顁:t롕m�>�M5i�2F�͊u|�	V�d#�k1�56����4-1J�:�� �@]5��C�� �QM�)_ߜ��DŭHh�E�*r�kj(��
��T[)�B���g�V�e#�Cn���(#�
�a��O=��P��SQ�x���3O��+g��{�� j���ۨ��Ă�"���m���:�-�){�**㐁D2y5�� u����lט����ޣb5jcv)�v �|�-���UT6+��2P�Pw���s-�#��8������g���G����.)!���qnc��T�n*'{���:CR��ur�e��=2�E��0W�P,ܦ;H��5�T��T��HJ�H�K�Ne_A�#](�0	d"�9�}� ��\�'s��1��n�o�I!�T���X@Y42���ap�/�y�<^�p�d�i�,z�,3_~�M�.���\yn'�'�dI�<�jj��� �?7��'����70Wȏ~�-�W58�n'� ����U�R~�k��$�-9�r⦠�:�aJH[h	�U���O30�.��G�¶��i�;	��q��"-��!sx`��/�7���Q�A&i5���L�z�G��o%M���g�@�<?�x��$����sT�ʮ? q��Rs%�$8�@e����@	�D>L)����� <��� 	��#�RhI�g�p�� =��v �5D} n�O��y����cR��<.�qA #���s�9�p˗�`���@'�B�A%�ґ���z��jvu�O �ma�Du�=����i�s8FB��; ����JsRh��0pD��+����<E�`K��-����T��C�H�@C�@�0�`r��yZ"`��cy�BPwm����i(�|�=QCxH�"�3W���"�)�u�'̈́�
���)g��F'G��T�Ш�O�o�ħ��ɋ�P�d81^�`!]��%��sy`�&�
<��	�u(k�:�F��A:�+Ƒ��H�����<�-�
��r�����w�@�/L��0��`�K{��'؞E�*��"�JE�"XGf�1G!�e�l�К�⻌�� ˆ�Cm|��g���Ԅ_�Vf��z�����}����Zi�S��������Yӡ�b~� � R��A:��1L3@/��%`9X�FrS����.���?xn��H�p�F�5���qcV��7l��?l�ȗ�K�q#��ް��0���K>�7e�0�T<b#����s��o��4|��`�׃�`+�v�[�m�.�#� x<��!p� ����_�7���$�-� |����f*u����<?;�.������%.�)���L�hÆ��ĳ�����&wO~�{�T�� ����%��`QHvކ@n��N����xQ���49`+��`������P90��ɞB��Z@;	F�q`�z�� \����*�lׂ��M`�܁����C`?x<���y�"x� ��7�����w�C�	�3�8����cH_���x.��K]���M������X�<u�3t��%�,[�~{.�.U���=����Ec�a��� �=x7~(�8��B��A�0n�XTP�݅����7o�o�(|n�WmDe>�����7� �ÿI���T���E � �J?��(Z���Ϝ�/�s6�����$��C�8�	q�1 D��X-��-�s��쎳Wa9�l���M����e�g'�7e#�·�c�
�Dǲ��zv�٫PIC�A�����J������}��1�w+(�� ڢA'�~j�����Gx~�;�{��{ꮻޝ�4}v�;��3HY}rU׬gf�u��]�����D��`�	y}�B��'��z��5k�w�G���L�p5�E�C(�S�5x'-�e�-��K�X��=�l;���H>�5'��80�ݻ�~w.a�pW�M<������z�ݻf� ��It;��Љ֫Z��(���8�����&7C�Z&���uo�q���zj0p3c|�����Q�׏?	��ğ�mdv��|�~�;u�b1J&�����}�Ƥ�͙��ٶ����(��0��Q��߳�?�{�ݳһvC�.�9�ߕ+}�{�x{��̠~=G�eC+q��^�Es�*�ɾz*�����������%?�?��;�xz̾}�7��rqQ�zQ;|�\��$��bY�h4Aľ�g*C1�Ĉ%��0 �'bR���D�9�č%�I�е����]��q��O������^��y��%]+����O@{�09�+mm�OǠw�}3=�~w��o����o�N4�? N��5�{G��i�~��8���S��8Us�Y:&�xq��&Bg�iG�d���7�B����7�HV��	X��V�O�6��G�D0��C �.�o�58d�oo���M7�p3�ə5�l��W
u�>�o�W4�#��w빝7��y�7���5���?��)�~��kQ�����v�D`&v�&���[r!�P�&�!�3/{����s��7������L��e�b.+j�h�:�PE�gA'�?�@���h��WM��f *W��Xļ\����=:(�	�K�g?��:�.��Q[��;v��&����3o0�O�~]YŊ��k���>qn{{n{j���������M�0a��Upm)��T�u�H�r�b�*���u>� 	���:��dr�"�t`ƕ�>�qQ�r��W=�>QcsϿ������=�̴���=��kW��V=����#�W�w��s���+�y�)����M��`<=�W�Z�*+j�W��o~"��E"j�s������_�l\��{Oϲ��l���5o��`����w��_�y��g�����@�r�O�r�xl�����HJ�A��Q?�q|x{�Xü}�cј?�3�ص��~�x��|@�N@��B�Z���X������~��Ku7VTϫ�9���w��w�3����ׅ�-\�k);������Ͽ��J\���-l�����+.�hҰCJ��ti���e�ݳ.�Ԟ}�P<����m�4~���*��;ϟ?�v����p�Jj���V!���h�=��*�����Q�c��;��D��ˍS���(�������To���x:�=iy|����[�_ƥqi��qfT8 =.}[��h�e�2SLJK�c�SXM�������>�;� ��Ҷ��j췘�C��̈ ��8M�W�i�7�6�aWPk�8���Zr��Of����ķf T�a�����r!z��T�1�0��飜T�mx�p�@2puY��� >�W����*���P�Vx5�G�Ut�v�:C��,�g�WwS˩��!�=�㨮��3�u�����m��jWڪf�H.�-ɲ-w[�.���q6c�!�B(	`�)��B�$&���&$����_^J����;�*����=���? yˌ��=���;��99�@/VͲ�gY��W��cD��0�65p@�Lĥ:�~6(��gtނ��um�֎��h��ϣ=��(��8E3&�O�{��}w��Y�5�N}�L�W3�z��Y�$^��+ͥ���sփs*�i�m�>��i��~ؓ�5_*x������Z����_�%���+_�ޖ��P��[�:�t���%���OKO^8t��R��ޫbY�,0��D����j'�EZ�C����X���!��Ԅ�(7Њ~�.��l Br9��3��s�y�-�E�!<h�]�|�����ȋ���)���5&I��=O~�A%QlP���a��Q���F��5���'��|i�����n�pt,�T�}H�Q�-T���*�R)��6��S���-�����Zݶrߢ��Z�+:.�=���͟_�����ȹ���/�6�����<�hU���n-�l���Q<�c�7m�}�Y3��M�LO���\�!d���m�a��K�1\^y�o��e�fr��h�gK����pA��ޓOG,*����0j/(_�+a�4�vO����DL�>i���M��A'���9X{�}�_x���mZt��l�~r�E>� |�?�?
����]���ɳ�w[�$�	�Ud�7NFl1�<���G9�o? ����0���X��I�;0 ~G&�s2#-��D�8�q=f�O��w�[N0���S���rt�w��/�!�_;�%�>ex�I���gN5��5d�(��m��<S�(�)tGq�p�<S��x{�2O��D�9�������#45�#��<���<��w�CuY��1
��_���.��>S�Ey���c\�gJ��nPF�g�N��\I;�H{Q]��|"�F(Oa�JWC�w����X<��Id)��c�o!��.����¿�ot�w���1�-8�Ұ�_�S�1��ຑw0��,r���w@ϦLt�
���]"��mm}��/�ח(Jc$r h4pi��C!��������2���}!����䞜��n�$��I�J�of�U�J�������:Doc��?k9�������C ~��p9H��������m���_Q�z��Ũ���Y�d�g��je����[�	�*|�{_�P�B�|�i��Z��ɽ5P�l�B�uMlofk�
����p[��
��2��(��S0��qj��t[_S��g}���=:y`�c��������������_������ړ��&I����6��@u��W�2���Ԣo��xn���-9���Kμ�Kz�G[n[<�����I:~SKx�����h_�u�����	���U��gAY�s�빭�ӝbWzF>�o�w��w�+�w�7g���qw������D��M�v�^"/>�'ɐ�\̠_��Ր���T�A����J�AccR���,D����a��o61���x[ʄ
����JIU�iJ��,˹����@��;�B��\��Y�eJ)�3UPC�'u�b2�k~�ZM� >��1E�/�U�su#is��GD���(�
$�nM�����Eo(��mx��w��V��e�	V�dC�d�s�k����o�k(��=��T�'
�ƈ�~���(��R@������������q�y��X�kK�pՆz�<�hv�JU�
ӯKg0�=̒������o�m��Z��$���[���eK��}��vc�t���<oI�#����K�x����γ��?;?���_	n���(����Ԯf_"�H�paJ���g�sZq_��~�>#��q�q�*F��D�(Mt>���y@�L 9�X��:?"�H��г��3۽��t�tS>mb!��|,V��pa��� C[�h(��!$@B����4���o[�
��b�ڮ�����L��3S>�����083@zɀ7��^�xQ�x/\��MrGP:�̶��@렞�>ؒk��~6XkAa���� ��ǯ�7Ğw����TU�tz�B�&LY�[���WX����u
�U,h�����k?x𭥓&��X\�������[���ߞ���e��"v�Z�}���]�G�W4�R�V5[��;���s��3�W���殪�$�굽>V���oϣ:3H_�^@"}8�&�_b&���&����]RA;���d��0�.��T�.~�C���l����#�}�2B��G�4��.�<S�.��<B��Hl_�ީ�@L!q��4�9��3����2��ѣ�չ�?���C�o���<$W4I�̮�5�F>�_�ڹA��OԵ���O*L���|{�	�Ǣu�J�-4��P�V��P�IԘj�J��pp��Ϲ�1��:�F���
t�[H5�<*����-�#��� ����6��r�;�1k8] ���@�H*�?�\�}qn�ZKuP�}���8�;=�/�q.�P����T�Uk��W*jbsY�~4��\�t�o�n����V+����fJ-�9�=ˀ9rӬMǏJ׾ّ�O���Amx�"��Wp�i��XrYI�F~W�����7H�i��,$;��B����)�>�{����>�."J�����$G��SB7�hD#�P(�� �v��T�մ�j��N��i�G� �'D�j�(�;e<l0@ޱ$��Ж�j�TV���9���cw�<��NGI:nU;(��!�T(�9���88?�P���Y�邖��y���ؐX�)j��0��l�r��(Ly����L�8݆:A�Ҏ*�:kI������Ҳ�ڭ/�s��ӗ�/����K/����a�ԤWl��)̹�B-GaRg�B��}f&���h��+�9���˯;}�Y�j(����9��v�}w������e�3�ϧI�����6���kI*��++ W2)�J&p�(+ ������v���
藯��\ˎ�w�K���&e59���ŀ����pD�n4G�
媶��QYO#ώ�Q��;�D�+�=N�6�Z/�A�&���`��X�X̥S)�v"�X��q��=��eb"�*�C(��@R�@�4�]%�.����\L����sC9:SN�2����b�O�����U�T�JU�d\����ef��ύc�ˤ�B����5��vm�82/\-9T�O�5�V;�$Q��'mvPG7���o ��<�+��VM23~>�|�aޤ��O^�ݫ�1g,���j[À���#}��$Jo/�6m��P>i
w�%������j���@43{;��?Ϩx���P�	ws#�x	
%����7Jy��Ӧ5�:=mu8��`O�=��$m'I]�rV:��n�k��& �m.3��
=H��"�BxW���>S��@���B�&Ys
�Ry2�"]�&~Xi]����G�Ϫ�?��Ё�������i��Ug?}�ⅸ�9W�d��^��U�3�w-��Gg/˩\�	4T&}��s�)���F��{s���k�H?�������~�ƶ�U�%[�^����(Y���1�y��D����=1�����$*�9�_�{vfG�x����$")y��IcP��}��F�'�1���hIx��Sj��E&P��vS�x�ϗ-��坟L�FQ���
����V�yu'{u�fM/���T��WZ������� �.�P�>t�:�t�q��Nc)��8�6`u�)��	`�k��I��j�n�#�t`�n�n��Sm��tU]������n�#������ihi���x���4;\����#跐P-=aEu94����5�?Ғ�9��[�=�4��st���`(I���+�5��O��=�n�E�-_S�b�g�<�A�f�ۂ>�h+9��m��R�w~� ��[�n�};�~Kz��Zz�)}�-�I���3c��6dX9�$�KK��#�p��T�g��;/�M�!�؍4��6�F"D|�4�yK�r�o>��#W�Խ���� }#O�ʑ�"=6+g������8��w ���X-�Gt��C�}Ю=�A�W}n��$��n2�I�]�|��Z5�<� <�Kz�Z��~=�W��vv�	�m�g�&�)�W"��:�������2a�[�_e��=W�ՠyE�^�d��� Ntg�S��BȨbrAv/0rˣW>>��׳�vU�n���8���e�m�қeod��o���K��뭙3?����V׸>�e\��)d�7��)"�r��_)�͑z�U,ep��y����5:��$U�T
yy���ctcM�H�T��Ǩ��1*�k�fES�u_��"��z��vt�w�7Q�(��ct�0�4M�	�f���g
�(���:J�&M�cXS-R�:�\��ò����|����jU"P��ET5񓣝D���,�y�(�����mjHc�i��������c�j�#?Q�N]W�1����4�H��>ՉU}� :ځU"�my��
�b��WE�!�J�D=�k	�Sfu��QEo.2�=���e���JѺ���=@�=�dڜr��t��}��n;����=�v:e:b9��PkA>�}&�)���%����9 
��ν�W{�R^�Q���l�K�A�Ǉ�%��빵D�9�ow��n�U��k�]R=�pE���z�������jF���t<�{��ɷ���"���-�C#�<)�</�WD��W�+��zq�x����	�i�Ҹ��&�ϕ�"����9bM47�,= 6�,��5@��Dq@G������'7�e�sC��E�r��8@@_D����>�^��� �u�<e�ca�=u*���fO���p->���]ʧ��y�5+A��Y��|�$~�Ǹ^��#y���tG��18h���Ǹ[���$(�P����	�h�y�l��%����PS��2F�5���N�2e�
���S������ݏ��������¿ߏ�A_}?f����8�M�c�U"��7c/X�M�P�7:Ƶ���V�'I�uW� $9^�`m$�3yt�k�8�]�V<I��.�.Y�dG��dpm}�r�~��{�2٪|�v�Ep}�DW�G�ߨO8-Zه��Ք	U�1�tpݰ����t�T�&�t*��
�hP��l\{���9הkȣ��X{���S�Č��uȑ$Π'S?�=��OR�A�2�}�o�����>�$1�̂����"^}-�c�n��8V����g�U����.j��"Ԅc��'�Gv�Ҏ���G퇨�ń8�lV��0������R1���]_��NSpj��es�C����ؔ�!���
��1g��c��JkN@�|�qdH�i
Jp� ��igk_GV9�=ZG}�7�5ܖ�G�:�7�:0��/�s�y����nb5K�s~���'S�3�_SyIy�e�u�Iݝ�kځ����MkJL7��ͽo'~|#!%\K���RY�|N���.�w�?�;���r�C�&�ڹ�riw���FrX2��%�t�Jx�^LC�D�Boew;=U�K9�f3U��*��f�Z} P���t�-��k����aȌXF��EB�D���߯];}�w�~�����x��f�&����p�@��K�!��:�6_,�C�pǦ�pO/����o����6�`P��F�3nb@θ�Y,J�%��F1N��Ta*�C�� ��xQ��j�ś�Ru\u����T��ۈؤ���7:[}�9���3 67�h�SL�6�E59I��Tj�E�RMT(�ri<���8,uT���g��v��fn9��ʥAFpP#�][O�H&��e4;�?jOď�@�˼��6j�KEU�ܹ�?7��Էhn���`�������[�Yu��Sz]�^v�v���1�2�+>���H0�H��n�d�9��:��SuI�����㢶��V�m�!tɢ��ߛ�w��jTrĹ��x����tb���T<�@3%S�d2eՀ
��~�#(���,�'��zB4�i�T3�%��R�aQ�Uڌ�*�D�
&�8=0�JGu���h�z�bt�Y�Qc ��$v͞���{zfg���.1���9��ɥ�N���q/���J��	rCiSr7 ��Q��%�G��ե����*�(P��7ؗ�E{�ɶ���+��]߻���o*z�՜/VYH=���}:����^׍[W^���N���L[���4뎾Vq!�?��Ӄ��oQ˴5`9)�߬�˫-+P~K�.�{�^n뢎ܔ�&_3��ы�w�����At��o8���Z��E��ؑݛq�2hF[��tSk���\i�j%��fL�д�S��bD�|>�"���UC��bg紈8iR��LN���S�g�אSX�+�� 5,2�%7*2$�R�q gLT��7�Yr���� S3�_�y뚩3�|���Z��{�|���\�bZ����W��򲘲m��2]Q�y���8g�����yV��qX8b�R�B��n���c~5�7גB/��KP6��l�D��@��-Z�R�Z��T��"*�,*�Z�A���ή���*�V��Ѩ;$K����MɊK��I+��U)�T4m0jTFJ�ŋ&!"�rEV���tE����!��tN!x![C��U���Y��7Ȃr�@�i��XY,o���h��莆�w��뇦�9o܊�\�C�ȵʢ�k3�df��"嶬��4ys��|o��E�������#��y��"��@KP�m6�3`a������L?�K��)��j�'�vb�ny�`,�չ�
_����Pѣ(�Ċ�u���FS���x{�
�7PM�9��K/���L-�r=��?��(7�Fj�H�&(0�)��5��c�[T���>���KTk�{���G𽈛�XԳ�:���^O�D;A�^��V{�#ME��4��
��]��ќb\P.���f�u��L}U�#��,͞U���'_-�Ϫ�g�����-�Y�*-��_������A"B��4Ӟ��o�#�È<�Z(d
��D��au9�>�VK�u:��� H(
�Z��&��h2R>+��KЅ���h�Lf�����V�5u�9xK㓁���V��4�#��M~XC��ە��v�f�b�i�u�p��x�~pE9�K��!��ʃ�]��r�~6�
�ڀMc��lޢ�s���I+���%~���3��P�ҮYx6�g�=#ӥ�yf�Fz�Wߟ����y�w����-VB�����X��'�z�����H�O�[:ԅ*� �x4��6E;\8j��aG����h2����(a�Vz���E=��p7"�O���PQb�Z�d<� 	���L��02�k騝�V�K�{�t8���Y]�^o��� ���tw�o7��{1�C)?�pV�~�_�Ƽ�����	�H��7���<"5�3���X��Yc2����]:Z�����@��3\�����-��|���%��\x֬�,׃�&�~�ɰr8~�}��nY7����g��_��v���8��6�I����˩s�sU�����Y^��X^%�䉫�W��e�ɪ�d��rǍ{��8�nʜ��b�\c����?�R��Kt1��l�Oc��4�l7)@�&$C>�P԰�\�F{f8�ML>04B�9=�x��kY��WB�j�~M�0�hF�UMU���rR��l�W���(��"&��_'ITd{(yw^�J�|��hv���XI�<)Aj4C���%'��͇4T!�Ύ�^�77��C���'�C��F�|���z:C~�p���q��t���C��H�ܷ�k��Ə;�k�������ظ@H4�,��-�o� ����T�8zf\N��I��R}�*��>�W��8p�J#8q-,@kA���Y�@�U9UUE�Tn��b��^4�t���4t@E���V�2\�:W�5õ�E�}I��W�$��7>�8�|�j9E�����'O��s��S�G�:C�7.��C>n]9���/j�����˸�h�f�&��q�՛pFpF�ĹO��:C��?dE3�>�Yz�G�"� ����5\\:���~�X�P�����Q�Y���(��W��nZC�Q�*�*DB�z���E�2RN�,[-,�,�jI�H��{%�n���?����^}�xa$��x�#��g�_�.V�n�~&�_y���@T�G5�����u{?&���z�>��c�����Z�N7=7|
��h����9�3[,������|�ZM8�K��T����6�J��T��y���\:�y^������[�J	'�����唎	+��U��*vBfǄ�:n���5^:To;\�Ц(_T�M>�3�y)�_npu3�5���Y��m`ǜ��K}��Z�~hF4���L�ɪ�-<���ց�#��y^;���'���}Ky>�>J�J�G�Ŀ�Ѕ�xu�(���{��h�S���Y�Ƅ�p}f\c�L�T�Q�`IkS9�P���y�&�E۳�5sA���@Y����*"�E@��Z�>����&��Tj5�'&@"���v�;l/ڎ�(���W�lv����a��d87�
�#�	Q����
|�W�o�	�G��PV"ʿ8a�
�1�+��t!|V�)�aT)�%�!����a`8gi�����}���/�ܶ����qm�r��|t+x
t+`���סo�Dw�s�t18m8���R����;���#�����` �I�_xE��Jw��122����Ʊ�:�����tE�qfD���P��:�$����]ᔪ>�	T}�N�����Ě��|�-�;E!�2Ir��N�*�
:`��vRZ5MA�C�RA���r6>J��������ev�X�hw�_=O�j�Uk�u������L�	��hW�|A���s�����g���4'�J#��V�_���C\+:� GR����fM&��=n�������&��`r��v�LA�u6g@�вn�d"�;'c���
B�¸��]�ퟟ��R;l��(AlL���['j/3s�62T�d�Y&����%�Vk��<OM�ʓ?��v`j���wѷ���,DQ��߽��ʄ�7ȿ���'T��ˎ��|
��=�f�*��*�!*;�^�f�h�:�D�4�G�2A�I�H,e�	m��db�_0����S�$	 O�Q�����y�_��7՝4t��L�;�(�G�M��\:����)��hm�T�A�5��5Q���E��,�t��]��$���m噙kj�_8��Y��Ԍ��=g�7�'N_��5K|7]����𞎹��Ɉ�WZ�qTҝ+<R��T�7��؍���RRj//���)g�fߨΆ���+�D����F +V�k���t�Fc��p� W���v�#�y=?��pf��l�X�v����~�o7k���Z�hM�!�H� �F�7`�hi��l��Y�~b�����r9�߲��{,=�R�R��Yt\�R�h�9���9?[5�3o7�3��P	q��ͱu��~�����w���QX�'Vo�KO��J�6	� �	n���!('�5'��(H��X����~}m-�q� \�S�=S��Y�����T���ڇj��9P�^?ޙ�E�q��#����"4^�,����P.6b�c8lĉF�bg5Z֢�j�Z4�V3e�Z�j�֤aY��@ޜ�Z���4�ЖM�j��5YA7Aؘn��f4:,V�ٔkW��ZF?(ފ�7�#U����q�u4�S%+D��:l��9% Ja�-Fw���t��kד	@t��}u?�;�Ez����MR�v��Ғ���(U�{��s�=���۱&��M~ކ��j�8Ԋ`X�ܧZ�sF�v{�^����E�mpY?B�;"����29a/U�م"c�f[��buB�H��X֬9ݐn�n�i�f�ץ�N=��R�(�]�9΋zi������@QoMw��<�C�NZȜc�c#Ev�BZ�ͻ���6R�6�mq۞6:��&]�����E�����.]�:�����<���,�����?SK��7u��8�W&����w�^���G���q���L�f����ufr�R�ta�G�Lnc�O���sjz�/���[�2w�°}G� ����ņ��l|f�M��B�~`��_����ap�5@s�k�v��{��O�����A3������a˓�O�����d�#0_w�'p式����?[����<xU8�%b�J$2'��x�
#�G�1|,L��_��ȟ�z̷��@���Q���}ctWG0W�>ʱ��x�QN�#IL������z���]��y�ӣw����;I�O�w�A(4(o�s3q'�}N�g��,��9|^�wf=?�E�>1?� ͤ��z�k��'�"��"!��"!���D
�_�${�Gu�
Ge<E]���17�˸xAd�����ԉ#�R^/��b��K��7~�*\�n��^��# ��<N��єʄ�<�x0�񀿠����F�K�T,��F*kJ9=*�sQv�j�|�6-��`jT��|RE��V�	�,jy�K�lP|O�3J%�'��z���٫e�����4�u�lN��j2�~lahl>>�C�Q	��&�2�S~���JF�|idF'(V�~��+��曶��n����Ůs��XܱJ8�>�dJ�$i��;4����W�=�w�n��yŪ��t���iN����K����8Ui�M�Eĉ���
���4+n�А,A��8W4��i6f}>)���]8Sd9NW5;9'�T! ��/Uw���ր�4�@!��������F�C������QA�זRU�%�"�i��I�9�|��vhp�2�jF('5,�A��I�����]l�s��Oy����gM���*f5�������U����<���7L�M�j��h�C:�f�/=L�V=��n1�̪L���/�T�*jVGhA2�ŚP'�:�MM�"(�L���"]���[8lc��!����a{��Rn����-'�[�|uPNc��(�#g�cvoy�v��@e�\�`��J������?e�M޽�#!<r["��t�0{������E˛R��i��I;S�s����v\�z<]>-pv_��v�f�4���|o\t鯦�C9O`N����g&��c��upr�V� ��[q;.;���L�C�z�	�k�N0�v�$�t{�n�W�$X�7���܆@8tTc+P���5�.�u�ulK~����\�.��e�ziS2ɚ��1=��h�az����6�Rn���2%�h���4&�~�atacoMʈ����Q6�(g�D��|���A͊�����1P�q�tH]����j~g�ܑy8k�����j?�;�~�Rs�2�{�|��[��I��Pz��v�?���`�8�˛�f�w&�E��U�oA���� �6ca��:4�7d�ݨ�T=p�̴��J�vg�.
����Uԯד�6R:�:Im2��&�
_�j-��)D�#n��W���Ç�����-銞��3-t5�;�Z��/��$=��[���������7|%��,]��}&h��\�&�.h{��8�7r�^�M��}a!\S�p�\4S�[l�p(6�(Q�j�Y�`0�#aS�AHi6M�?�Q_9��"�%a�=L4�M��d�!;��!�<D�<��ZB�p�O��aa[��d�(�!��5��r��g"Q��F�hM(�h�|$�G�`0����7u"Y}�BĂΖᏜ�oEg�_�&�l~�&c�<�A^Ҡ�XU���hVnZ�Q�t���d�5�������zV��q�J�I�����Nk�r�sW���9�l7�y���ꮖ6�]M�����S�=��ʜ�[g�&�)��8r��1j�ys�h��f�vh��h�͠sh-%>a���37%�� C =U!�?�0!`٦R������J8��0�!�ȉ���l�&[Q�{g�82����-@3)G�
aP�L-O��D���U����4(ĭ��'-W���S<���+H;u�4���k.�e���Z�罩g��׭�F��2i-P;!�������j+�	�d��R>��{�O��\�����mh�-�ێ��dR������{�>��0F����==܇p����!p.#��	�����p�_	0���=��OCR�!��9D�E��q	.��P�����Mc �B���*s�O���Lt�m��b�gp�RI����p��B"k�1��2m ���Д�z7|��������O��Ǧ�":���j�.�v���Z<��v�Μes]��g{�2wPz s��=E�-���ؗr^+u5���F�B�kS�!��gD�_�Q�d��D����OK,E�#b���$-E�	hA����	D/� ��hf���*��U�l�줦f2%n�b���.����32l<�;N��38d��sJ��Bϑ��<���71l�vw���h	�ؓr�-wT����������:���/-lt�{��VlZ}�=W߹dŴ�m[��1k�]~�y;�[��{�s�>_�'�[�k�s��k5�f'#�7U;���8�@KG�^v�ϧ�Yghނ���~��L���\�2W��Kb.�=K3�_A�l%8�ƃ����=o9k	T�bQеM����B���M�q�� ��,TAjO�s�Ca����	cTC���ɘ������ļ�~;�A�z	+b4+��Z�J���s�MOo}�9�W_ۙo��Q�r[gk[w�4����?p��׽/��}�����>p��Ƀ+_��p��0�8��Yb���&U�H�&	7p�-p�=�d|>h=x��t�;���hDho}d�:6B�5q��0%�kKIb4wҒ�uFr�57ߘ���l<s�o���q������O�'�.�+��,P��ZS���ӥ���}4ŝ��Ɨ��\�h��R��û>g�o}2�v��x�fqr��y���u�����9��5|>��@��0��9,��.�4!�?|��R`�I���D�����M'����H�'�B�<g��&�H2���:	T�c��N Y��+*�z���;��n�nl��s�K�kni��ߺ���s�K����3�-[��l�I�r|0��s����3�=���s�Ŕ��O|K��F�I�,��o2��	��LI�O��44pn�8�J\Lo6�M Mfv��On3 hkE=S�j���N'��4�ft�"g)�m^�ne�ի	����.���vA�3�����x>��f�u�k����~���q�,����!��5��27V�j������}���BM��ց#W��y�4Su'^�_�ٛ��&I�f����� ף�H�5���]�Q	�T�| ���8;�2i�5��M�!��6��a2iXU* x�F�KjT����
�Uê��7T���@|���Q�hF�^p ���p��q�A:Ac�uc����"9��oܢn��U���P���H
�(�L�LH���>�gߑ�٧wT����)UV����o��-?e��.�ɔϭX�Z� N�ݺ�������A�
i�;{������m����7�[��p�s]ʡm�j#B��O�B8^�l>���/q�Оs��5ɚF��$B̎gϯ3Bc����q��KF��?��������՜S����a��Wu�9��~pTѺ9و	����ˁ�����aD�
5J� EwX@t�_.^�+z�����?ѻ->�Z\y�v��E�o�����(J��!�w��~��[����CR��y�u� �9?�޼\������\���k�}S���3�*=��۫�qB�F�$<���\�E��p�q7��4w��)�?�x��i�JT�z4�����鞆J��O�R � �&܁��)<�}�7kj�D������q��V���d4~�*�q$Y�?D��G���U�pW$n�sW�H:9qZJ��l�χ�x
V!���n1��DH?1DC�M8��'	�T�Ӫ�6��̢�Z6�h������%�.�ĵ!���a�@�rI!�z�Lr�&"5�D��y��Ip;c\kJ��Ǔ�q[{�(R����u��^%�O�#�:�����&qM���R@�������8�z�������< ����������7���ŁmL�Zf�DFn�U��㳷�k?�>��K~+]RJ�����m�4Y�������������6C�\iE���ʱX.h�l��Qb(�%#�>�>U�8�iB��	�W$H���n��сK�h�jvAʺí�C�d0C�b��#d7 qs���H��?������r��zq|�"�Ҁr6!4aMX.�ƻԴ���zTTn�kw������$��=��7�|�a��^�y8���S���2��8o�����'�8�WC�o�˽`yw�%�2�q�C��� �>���0�]��	�Ҁ��n��_�뾁�/��j�pA*���@�j�x=W!7�f�a�d�L6@���*O��
h�n�e��Z�XB�DDVGT��Й�$�a�߫�dt��X�E�qe�G�6�l4�'$ʐ�z�˕���U�Gs��˂��$'�A��0\c*H�b���v�H�	陫�]���)�=mՆ�;{&�^�3�T��-�������磵���§��CO�k6�����C�w���RW��Ԝ�%<O
��j�sٮ�;~9�מ}���]۶:Bȕ�4��|�	���r��V�7��ʄ�G�Kb2AU �q��0���r���Kpq��6�I��P:���W*\�o/��.����aL&�?N[=U�к���A%����@�FԺ@��������b�1��'{L=�Ŧ�~Zg������.1�I	��R�i�kh����\��1��"?>�s4\x�����!:�	��T_�DV?f��;V"O���_�)�X���˙zKڰ&�^_��Y���^,{.Cnd���}���B=y�D��bf�)|����]������_t�<�%��<�zLz��gt'I����{u����~P��q/�y	*�7�:3�B�.�G��XCw5ӟ!38���T�?��Z��,v;t(r~?��c�x�o���^B�dR�ФRd.��4�.�j���La�ڮ����=�=q��W�=��q:fiL�-�k�4�,���k�KV�Ս?`�,1��|]�D����ub�Ĩ$�E����ztj|F���7�<������gD61������POiӫ�|��X��[�!�e(NK�?~��3G���Z��O��������ҋ���?�S�>�L�h7|�A�K�B_��d+T�(�*��	uֈ_�|��D}�p��?����Ls9��v������B>_nlj�2*�����D9�H4GZ3�+g�ʅP�z���\&k�4�d��r��nd�y>��ܔ*q:�*kK6�{R�1�l"���3*���d���s�.�)]�T���=PTJ}��6����i��9Zw"
����9:�������m(���;E�}���3I�2�k��?��;IxK���y����[zZ7��-��.�sa�\���|�� l٧�.�=��T�2��ϼ�R��Sk�9~�֋6�m�����2j���8ό̫���ʠ�#�K���Ý���� �I,�@� a����-�"A��X,�Fq�J���%;ԳIA�g.	y-�,��9���@��Zo �h�hU%m���s�������[Z�u��T�%:�oI�򜟵t[��uy��s�j�@���[Q�R��w���+���ԝZ��CKX����2�M*�d=ciF�Epwh���!�W8�*O	Z$���ˤ߈ߪ��oڱs
�O;Kz�Y�(�a�v�ܯ_�[��)��qQ���0J�P���5\�ϋ7������bq��*xE%6���ּ��@�~ʹ���:1�Z�����RB,�D'����ir�j�b���:�9���n�O�p�d���I�b�0��O@:a$3�����=>��U}3|�}�;���Y����!�wmմ��r��bp&��M����:D�L8�'�lT�)~�	f	�+ۨm��v��������?��ُ��h~��7�iIg?ݹf�*�K7�����1���S��t�ljṄ�cl�al8��?�(�"��<����/~�ņ"�(�%�	vAh�I2h@�#H���xI�^j�&=Q���]C�aF��Z�&�a��/�� �5��n�%(���8�H��q���|~����wB\�rʃh�s���s��/��σ�e�[NM����J�P�/��ؽQQj�.�, �/�_������E[�n�.���Ë���oy��+Ad��җ6���U���5��«��aZ�[�ض���{�#3�� tw$�������'��Bʹ"�7Tˈ���O�*=��Ʃ�ڋ�8�@M�{6N�w^� ��1q��*u*-���R�P��b�l.'�,�J\�J�njl,����;XO@Ow/Y0��{�g�^O�p�o[�`�q�8��={���*���|��҂��U;��	^h�P�vj�°U��7LkW6�fϘ1`;�?��7�\�z%��S/_N4(re� ������	��� �ت���pu�gx�0]X�.��f�|;ľU(�
��J���
��׎|�!�s�s���#ݹ#�ɑ��nJI�S��3�-f=V�$1�
����T���>�yV��@ԓ@;�ʸD�@��ZMe(>�WT�*�k����B{��ʘ��K��,�Ӱ�m=�So�;chN�K��C�Bl���6a�dF�|�3�?#�����Y��ei�i��Kԯ>t��Ξe0�`�P�9�������>��\ ׳f��������y���������=��Kڷ���H����C�M������HD�=W�V�o��_�Ub�3��Cۖ6l��4�z��'�:��_�ަ����P1�C�&�N�n�ӍQ6aF�-�C�!(����B�t�O���,�B�2��N?��S	p`t�Y���\1Y��Y|*����n�ʾ{WGJ&�!�2zX����`M�a����'�_w���?H�}(r��w=��M����f��횸jm����=�ypՓ��?tx��-@��mw�i��P���~��+u y��f!4ET�����b ��s��&�n;b�!�%�@eX[:E%�t��i��N��;���h���K�vVkK[.�Q�d61�1��#.-���P�d f� ̒��%C���d����csl��X�	!"��8���Q���?�����!��3�����0�������u >�.r/3eV%�w��v.�ry�Z�|��v3������3�f�P�y�U�mp?������8'�
�/�!y�q������wR���P���s��K�y�2dK���0�?x%RHο�"��rV,�NE���[ÑH�	��w9��X4o�.{w��f��mm-����\.�HvR]�X�:ҝ�T*,v�E��r�.{<�ՑN+�u���t<�����.���=��%�l%�W��派�`����)�t---��u%]W�T����iɮx)�r�t����� w�]����%�z6 �ȩ#99�-��sL�'K�2�"Sc�I�Sf�2����?��Ѳ9�M��" ����8�-��OA���Ri-��y
p{#<�F�ƽp��"�P(���)�J	���\.o���5_"���b��dҸcH�ơ�)h��R�LS�@Hж��=��yR�2מ��XD���@1�oԿ������P.T��C�I\�r�\�b����0�����
,-V9Q�E;v$-{0���$��L���鞸�ܿ���w�x3�|j�/go�9g��V\��BBz�9�f��n����θ×���6�k70��?EoA1�es�/�_�{��y��z�Dy�}i���|~���\ H�^�O��γ`3��, A[�=e�k�:�~�8(Z�Q�W�jK��a���a��)�R<�V+d���,�`�g>E�î@�������u���ǲ�B��I���V�Y��f��5���S���P��'VG((�{9-(u夈�GT�1�%˄���2pSLh���t�F�mEa��3?��g�N�/����I8u|��wP&DN?�T3��ĩ�^Yq_�M">['	ZT�7g$Y���$Ӓf�DI�c��=ny��2�֙gΙ��f�l������Ǌ��G�o�>���M=�Ӟ�zt"�޿
��q�|K� rdJ%A<+��j�8#!g9(	�� p��|n�%b�9�h�;5�]�tk�P$�9�vg$�t�C1��F�����l%��L��G�гt�ܱmp��z�e,V�~�g_������7�n��}�H���k�"n�+�^��� �Od�J���E?g
*�6��h��\��D�u�N�� m2q.��rq.G��cZ-��r�)�B���:v-͙��@���-�~�Ѯb�c�p���U��˧k��Dr9����v,Zm)���ǔ�@��\.W�^d@>-<
��O7�Pu ��������4X��;�r/V{G�=��JE"�$ከ匠���D��댽k<��m齝�鳘������/��`���7?p��y ݳ���"*,�߿}�?�;��ly��K��y���c��>i��+��fp綞'��F^P��%@��pPł~A�_,�r�R��A���r#Ŕm�g�MQh���;����M�6��`�đF#���&�Bk�D}q��Ǜ�_O�R��&Z��5U}�&:�.'��>7�0�n�26)�����,��V87pg]n�n�v��r}�1��K�Q�&�h(�h٠ԭs=HS(�_�6�}}��rû��-<3o�Yǃzh����ݪ'od6OO~m���T�����Pb�Ӿ]3�υ���@���q>��;��2 �:m��?l��YWP�a~/s�߁R�_�U�-�@g-�9cШd�&������cY�v�%K$8���I�˪T�-�����YO:m"�.@�H�9`Ҫ�ZK̟���d���fi]��f���K!���=�l� r��R��=��e��R���S��qe�ZN�����e7��y���V�V�p�\�KA�4 ��ϜS�~�X���1��N������Ő�0��5�;6�b82u!
�8����J��{o�Vq�����bK�,ٲ6[��Ȗwْ�=Vlǎc;��$N"�r�Ķ[JKH��ڲ�����(K!�Z(-���R�mJ������̹W��H�������K��͝�s�3sg�Ν��;~�N��N��pȹ�-)��y`�;����)v�ˈ8VN���F������@Ǘ�{��Ou����$kli���sfI��ȕ)2�R�a)�jQ���4��k�s5*�ϡf����㦟@߷ldIWfȞS>��\��Q	֪z�`��U	F�R��9�5B�E����R��Xd�U��;R�ZŪ�:dU`=���A��Q�F�(�=N�"U0|����Q���}�YO�̫`
ũ����^M�v��5��(����QO�(x���m����mW����ڗ󼋿��WR��5ۮ��X�����jg]����.���N��������{�p���3-��L֔�f1/�@0;��A��O�='���:ŷ6����p'o:�8������9_���Bw�.l�"�vw���^u�g,���3y�>����m���E�Y��{�4����NM�����@C�0r=�Q����<�J
ɣ~W�«h���t![�R��i��s�3X�2]6+�����x�!��Ʒ���ږʈ��]�ܚ��e_)���VY��_&cN���]))��t���E���31g��!�ٿ��k��7�+p�c&�\pξz�oe-�8b�)�U��7�n<��+����3�ї��(Nٲ���c�N������o��$V ������&N�L���\^��$[��T��T��\E��^���j�!+KzԔUV��>_�y���Ngm(���W)��w!��"��V�Ū�jߝ���Q��5TZu9�]OC���A�֩Zu�2������ity}n�Ӝf�������[����Ic�8�_�	��G�ף�	(�t���gSE�? ��i/ꤗ�t�}ݙw�b[�^�-[�=V�`��]�^����}"��&{eYoW�lI�{e���ϭY�{�&gY����]�ّ3m�U���@{x�d���E���K&9g>�l'N��e1�f��W��_�ԺV���Fry1��Ƥ)���9��gD��=4_�~6*f[>_�g�5>&M�1�Q��U��,��,>;+K�Ϸ[�\*�e6��H�`اM���K~N~~�7ټjuaZi�/�+?�hP�B�3W������X^~.�$�yu0p���/��Is���W���*c����㹗�Z��?-�����_��;�y�gbߚ�d/�z��f��z}�{�C�7Rơ�Ť��ï�慬�P&��V�g�=@XuHE.@[��2>��k��V���A����R��⪵	Y�L�-HU�B�j�
=�~-Sk[|�ㆊ�e|�����՗CE����"S�Ծ9�A���E3�"#qQubk�O��B�Z,wu+���ߟ��Ge�`�^:o�7�����BR����yw��]1�WaŦ;�ھqh�?a{c�N��N��3v>-��Ҷp4��u�\�.p��5��\�����
�磤�`���W��k�;�@W�/(2�+�!'Ǌ�Y��t��I7�
���te�A�����M�V���
�Jc���q��)�/d���B�^邧��eN��h,�;䠎tSzbC�w$�.;mB��|��ǿ1��&I�T5Ѡ&��s�K�@}��B�Ǭ	�O��w�K=��)y+�z������̨����ۤ�.���دf��u�7?ҳe����C��|09XC^Ho��3�pʷ-x�����zg@���v8������V_AƏ���$��T��)��d癹����Y�*�I��nR)��{),%7�tQZب�g���,���4�����L�)�`'����:����L|/9@=
�VP�.��!�P�����κ؟w�/�X�����.|{���_޹�6v]K��u��;�iR�n������c[n8��ӬM��X��E׍��+��P�!�0�3x�8_w��?_���h���N�)?��b���Ҕ�&�ڒAG��̈́&ݛ���tG#���Ì2���1gvcJURY�Ľ��O��}��Kg��O�� 7g�A�3��w�}�7i��CO�~x�K��z:���9韭\�����B�}{���z���-��'7��f|#A�?�NB�d�Q�`��5��*kv�L�)�1��A	�w:P�B�ڪ�[iz��,cK���akT(�.���@iZ���T�wP�U���Ar��ٽ������:�pOf}��=����a����/���o^?t�F�7���z�-�v�i��á���Vt��q>�d%��9�Ix�z�7����5zc�R�o�(I��B���8)���5� �&ҩ��u9��ê�T?S	����I|G.� �^��7�(.�@�	�	���нAYl�ko�{�W��o:��[�^�wo�]�߱��7_q�ޖC�b�ϼt�|���~�;u��[�qF��q%�Z�������&3)�%���PCI	����w�h4�<�wqeg����q��ŋ����������yy-�j�(Q5ɨ��R�W����ߨGר���JuvV75���<^�X�S��;���/a�Eu�%|'���:����T������j��Ĕx�)�`6S�ß�wt|��x<s�;���_���-�u�ߏ�}C��JhDg��II�
���;�6ϝ��7V��b̘w��RX���=��R����׷�5�y\�G�׮�n��];v��9��s���ס�m��卋�J�[����=r�������_+z�G���hʹ��?�cc��?����������%�C������\��ա���nڷx�[�7P�k��[�����Q$��a4�,ZGS�t�K.~������Z��RR���r�Z[��=�r�����FqjuN�a�*���Z�I>�m��5�#Fj��H���'�CfB�J�w�2=n�>9��R1���NZ�PN��m���}�C�x�;�7��.��߽T;����w����SZG�.��Vz{7�_��@���nl�]1A�a�X�O�|�z�%��u�T���ׂ^�KFt�t��Ȍ|\�K�JSS5\	� ����c1+�W�I0�q}�!.�.$����A��{�S��dg�����t����1�����.7�̏	��WX�cu{ӕ��<�㈃9�.4�P^^������=z����\�b���P�v?�Plr��݉E����nE��bK�e wuh=���'���a=?����C�1��8XG�|���x���^��g?�����^� N�|6z�S�EѮ�/i(ﬨh��{F�S�dd�̏�L��������R}�OW7�Yv�lS�5���҆U+O̬��0��W�&u��,ݲ�<|�y��y���5k�AGmQ[X��f �/#���Z���|��w��������JX��E96��j�w� >q	�̠)*1R��,�Ц�|RXr�t/Q�5|�*�2��f��d�U�2������¢B�����9�~��`�WJg6Ն���yI촑����p@,���N�ڨ�*���.oK�}/����D����O����Ks��i[Yǒ��m���]S_U���'M#j�J8[�t���*+[���Ud/{ic��I-u�6v���:��Z�[���"RJ���~JK	?����T���P	R���A�'��n�qi#���� ��ZJ���E��P���ݭV�bQS��n(6j�ԙ^�ҧ�Μ�����9���r�MNS��,y�^|D$����� ����;cW�̝�����U��B{Ý�����n�v>&��ͫ	��Iv�,�k]�u�����9o�R�X�e�UKT��+��c�E3kM��Ov�:w��x�����׹��,���W������7W�&��h7�2��5��QicU�c�<ʷ߶	�V�V��ŵu%?��X��*U&_�����k��}��{.���Jb��$���r� ���v"�e�FA����#Wi=��צt9)f�w��R�yE�&�96�P�?��t�|�(Ϭ��]�R���7�ՙ�&�	�gI�Z�0ҋu �͒Š�j�*�i�����[^�t�.aIi�a_��P��w��h��ɤ�n"�cʢ�/6������֙��at�o7䷩��2z��O���k�m_�脂��Zܥ��-�t��j+P:[fd53CY��M';k]k�u���!��~q̯7f��1}�C ��L�!'[2^v�	+R�T�lv�K:b���`�e�YY&�`��r���e���#�4l����"��c9{mv�l5KSg�(��gY��a�<љ�t���=?H�./y��TeI[P����H��p����TI��ܧc��'���[-���'���X��x����-�����|4�٪���΅V⢙���%���-)+�|&��ܜg3A[CN�	���?�������x\["����>�>���߆�?������ߛ�>Ǥ!�D�QA�'�4��ź��,�X]�T�m��k�*e|��aQ��e΄~1�B�?�%�t>��`6���"��a����9��&����P�iJK[Д�&��^&�L�,��ҵ�z\]�������0?m~�,3��S����éO��,Up��S��ۣ.jn<�{$��\!�l2w$&ă��.�[-���z��;җ��*@�fl����f���q?�<i?��I��|�n<Z$���Ly�s{b��m|��݃�ƾ�PԲ���̛��E˶�^4z���r�h}�����ցkf�y����K�*g��w�ܺ/��ƅ�N�l�%4���.����	�7�cʍ��[�_�t=����o��{�>�b-��v����q�Lg� �+�O��+/�cv>{�e�yH�����V?F�~Ucc�B�+8�%�~`�1�Y�������h������:LK�Vo�j�rm�E��U������cY{M�"R^";�:�b���yA��s�Mz�_���i��.�\��c_P�x�ܤ5ɵ͉���3��a��
f�΢�{'⮴��c�y�ޝ��@� >*��8ֵ-:���<��-����o��LϪ>��wZ?0�q�:�Ε�l�1{K-�`�!����r.�_�)�������1˼C+�^�#���	�4��gU�V� ����|�*_��v�1z�P)�l';�y$�e�mT����S����nTotr���YK\j�k�w��j-ͷ��I_1%&��VvHFiNl�����z*jZ�9���z����b�=�Y��aO,��"��!���F27�.��)�)o��گ7wX��\5f���Z�U�Z�ue9�Q⁶�ֵ�֑my����X��%��-��:�/�Iw���=fY���̲҅&>�rsH�5-Z��Z�1�$̑rLy+*�r���Χo���c>mT�Om��X=�Wi�Ϟݘ<s��YVS���ABjx��(�Ǌ�����y���n��Y���)�V��_�Ȩx��&-L멩5��J!�W��Ƙg������tR���i��ZY�֭�k��[��S��d4�MZ�}��+d��8my��}^x���ֿfݙ��gɤ�W��^G�_瞤�gS�͑�-��M����]ߴ����#�ˬn�ԯ�Ne�vqwxR��\��E>yP_h�{���wX���>׺b��;j�v.��@m�v��3�*Cq�Ǔ�>u���W�����}c)��_~S�M�{R�����S�u���N�����gu��N��I�����޸����)^�V��+J�>��X���R[�glo[r_}�OQkP(j�**|�R�R��5Z�{,�����Y�}��+�>��La;f��P�WX�ӨU�7��)�Z���hz3�/�T�2Ծ�zEYi��aɇX�\��R�Ũ�j���)���ӊ��\�[�WlU�����Qa⎣���'n����7R;�܌�9�#��k�Oi����-h;[����|k�>[N�.�����9V��G�+�&3��-Uٝ|^�� ?�Qj�%�9J2�����^��)g�E0�S
͂%S���3�!%�@R�l�\i|��R��	\�-JEv�N�$)	58\��7M��0_Η'��~�t�N�P� c����TyG��9h��b��#��,�/�����+UFŃ'����,�971|U��D�����/\�#���:`�7���s���o�jbv]0p���V����>ھ����0���h"y���<��s�������d��^������2S���mO�8�mC)���_`+��1�c���BiZK��||k�\o��B����*�
�����X�/��|A�.,��/+����֤Q�{
�L��m4l�2����&��m���8&��c�T��ݬw��&��4���3/GH�{�O�y3�\/I���4fkP�qi����Ti�%��=�Y�$jK���LB��?|��_]���sLy�m�%]+�g�z)�^5P��o-��]�٭6i�j|�.ص'|t�y��;������wшm�:�7f��y_6�N�U�6�?.r4QW�=�Vh�l{�#�dȘd��$�J��lќ̐l�$�U����7Xg��;��w�AH�T>�aF�^o���~y'���ŵ7)��l���~�?Oc|N�����8�>�w�s�v3_r`n2�v�7��U[�&������fGv�C�R�����}���7�+WO��#z�?u
\�g�6$M�3�;3i�$��ŕ�*!Z�Lw����]���/���*�����XLC�����G�~j��f�p�����k/��j�-m�3o-P�o��ZI9�O��40k�Eg*��*����Ʒ3	_y@��4�I���>3�hmJO���L{-��&A�ה�֫,�:}&��C�Tu�mI��������Ê�O)>�&���>!z*b �B�����f�8�)�xS��
ig�¤��usS���ύ�o]t��;c�����/]����|V��B�����\��7_|���?�m�+�����s||���^<��k��/�ۧ"|���A?�'G>)'o%i�?1�e�*�QM-
�|��?��#w�ӵZP\�Fm�h�9v�OY`P*����^��q}jj��ٔ�P�٩�9��[P��hUj���2�ؕ�]X9	]Ue���o�_�
f����V��scK{`'���櫮đ�;�f�g��������/�l7�8_Z��p�L�����5�����ioԕ�c�=�^�v������-=�t�1o�<`���'��8�c�0v�S芬]\m0�>~���6���*�ȺQ&��|K��|�=%��0��������t~`�����=Js�S8!�#�W��[^�U&�K������D2ط�N�2|�5���`t��<Wv�/'ϐ����̕YM�4�Vv?�����ݮt������<J%���cZ�U�j4��s��z�X^��r~��/��1�ΓH'��vڸ��7RS�,�Ao��{aqCL�W�yʼĖp�@?+#sn�vZP�I��� �0#v��s�6޲�د^�G�X;lʭu�i�^�^���ϫ�.n��ړ��i�e������TK��-�s��|}췲���\���5���wHgd��(h�ӟ*�ٓ���� ��~x�<-{]���u~k�w�HL��s����^�ޠJK�͞�)X3�JU���L��qL�R�Ү4�l��$��2:e�B!��$�9oa��ʤ����SS���ʤ�W�3��G��Y��<e�tm�¤b6���{���Q�x��)}�:6�.rXn2��^�����UiN�P��euf�k�'r����r�IՔ�Pk�y6Ɵ/�)S����&h&�M6Q�_6��E��_�TL�x���5�`���ا.��).u��W��&���)��!�0�^bpȗx��	�������Lm������gvޞۨ�ڊE}Y6�p8���܅+c_��vw��Cٿ�ꎯ�E��0�����8?��HK��������l���wb�,�y��n(_���gn<�هQ�����=�q���&��"!���j�\Mn��(�LV�%�����iu:"PmIe��T�;2^A �M�fDa{Ť&:z��j�.���ٗ5���(�(�#�\�V�I�M��H���4:q��w�㼎�ԁw�8�C�e�S_E,`�Li�l(<�?��_}����/��b�ꮃ�U�ܕ%uV�o����Ӿ��ek��\��3�؞V�lcrC��pqSU��|Æ����;ckb����ײ(�#���Q�i�C�̴��$]��Sr�����T�AeED�.�954�e�.3<ķu�R��B#������4�t�4��l�9u���ԥ1�7�6S�<U�,.�4��bn�v��PnH=���kJS�7��IgN�3�_ޯ�L~�N�q�rAU,��Hl[l�m����&��Iz%!�]Ͼ�H~/����m
�,4w�A�����pYz�:;����{+Q7Kη�s�|�����?~���T㫊�*c.'}`����������a������W{����-n_�m�ˤ~쎣;���w��;���[�����L��
������X�\_L��TuʩD�UU��DU�E*�T"�m�Ĝ[q�C3y�_q�:�Z�7�(�)�:���SQ�|,�m�NYqw5�B�Y�n.���2C������V�rk�]c;d;b{���Ma{L��pw�9�1��?�S�|Gz��u�]����Ww�N^w�N�݇;�<q|@7�;�[�a�nV�L:�6!㔵	��%P�ј����ىٵ:��{c�M��Q�%�M�ɣ^WQ^J友\�κ��Xe���V/q7{�e+�&csa�yv�B��5�����i�&���Q�[���p�L{l�҆�^ٺ}�FVY���-�s��B3��[�ɕ���Y)�RaT��*�F)|�K��;�ͤL(o�ML}���Q�W��t�P%o��lUUeM冦�����j3X�6')���r>�U[�p��[�4X�jj���G��{w}�����������h��^-�5Y[\�M6]�`�>��d�� �L�MNh���835��=�������5�o%�u7ܵD��ìv���S�����Ҧ���
׈�M�e���kM1��w�4�����yݙ��p�׷NYx���B���b �F_���AK��k�,����d��L'��V��t���)j�*��dW�nӱT]�n�n�N�����P�(͑��g�-�>m�?� ��z��?s[w�g�����Sa�<�����f��g"i�W��+w�F}���'k�;�ۚ﨣N'�x�P����@�tOO𓶠���!��oM�ų!�����w���Lܺ��o ~,�ЃO�i��23��J��P�T�zw�:;�x��5)X����w�n�+S��>�`��L��O����`G?W�ě�2^p���S�2Bte��0d;�^}_󲜋L+Դ��/5����<��.��
�?�>�V��U�޴��y�]H_T>�6BoXw��� PЪ�2k�*/�/^{-8E�[�7����ԑv�EW�]n�jd���`(44g��ȴ���E6[Q4�Y]���z�>�oa���a0�_K��,sO��PT䢬H��HcF�Pf09
�jj:�m��])��~L���-�VX��?;��,Cj�EUm]]����eV���nv	El�K�\E��Tնֲ��TƊR�~PU�M�&�X������jV|��^Q҄���uUbGv���ow��:��F�,P�1sbk�M���-|M�Y�����V��<#�SA��O[�QTT,�
%��M�Zn>i�GW�Zz�w�/�~m�@G��
�>��{�(;V}�䒍=ukY����>���G��֖���]����yz�-���y^���G���^ط��w�#��'e3��޶���kC���@O=�����c�����x"�G{[6��u3�N~^�z�."��q�I�	ݺ>K�M(�6�Z,B�N�Q��9FR�)����h��&ڗt�I��9$=��q*�J�V�ʠv�����Mt�C@��r�"�\�:�C��M׼�a�^O��ԈǎU��o"g�<8�P5�����^ެ�!����j�S�4��Nb����7T�0��Y��f�/��no�R8��|բ���_<�$��mKv�7u֬��]Ug��:�Tp4�o�>��~����15Ğx��eN_��_�>����[޷m!OɌ�+����C���=�(R6�ͮ���%� ����S�p�f����!�,e��RZ��=�� PNH�����=HN��/�m�*�����P��5f<��8�7�H����3ǡW�2�J��X<�JY��+u�u�Le�8`�M�๢��u��o:�|g���K�_������Kο���}l��G�	�����+.=�o��������Eu^�tӥ<�c��(�` �����IU�ګ��À��W�9�wy=��GH�D�sd)<�i �����!>
�� lƐ~ـ�	��H�*`z쟀z�BHU����*ȍӍ�͈���=Ӄ9x0�0Jj!ի���͈� �H:�_Gt�zDį#v�Bȳ��`��ۉ��xՑ�H�Az-��ހ�ek�r5�T��@=ҜW�j@9��p1b/�\����#r�5b�� ?�u�����4B�1�q1b/�\����s`3j�uҌ:i�<�!ON�1�i.g3�ٌr6�Uxw5��1N?`7�i��#d'Y�_�G|���~yP��HoBz��r~$�q�?���+�[ ��K��n\�%���g��x�Y�,N WƿBK�&�c�9��W?��x2v0�if�?L����<0�i��5��x�B���JZ�3�dV�R�����B�ib%���#�"����ň%�5�g�Y�y��k}���_,��De|=`J�P�h�?�̏?A�����?RuV"�k�NN@�FO"�9��p���?�#͈�lD;�,�p��~�2�-H?B�?B�?B�?B�?B�?B�?B�?B�?B�Ob'!�+�$�����T'1U��X�bP��V"�k8BZ�e�t�	цhG,D,F,�#�8JG��(s��9w�[λo39��0�f�u�x�y#��z�������4�8�
��]L	5�P��G�6��$y�����v�Bt#� ~ޯ�6���9���L���1r�>hF�F�cx����N2X�t1�q������)(y
HΑ����X�!��n�D�@@�@���+��!-J���P�h�G�H�-�و�%T�++݈5!O�&��
�s���P�=P��Rh�,�K��Rh�,�K��Rh�,�K��Rh��_��kP~ʯA�5(��
`e�^@7���5��<9���xȓ�&��H[s0Ď��K� =X��JD7bG��1цhGt "#� Z!�W�YF����� m�:����"D���X��F���9f!���b@;o3������fB;�r���-`%��8��60i;���.F�րb���[!�\�!�ȱË1��K0�Cʡv\��� ڈ��@���<������3x������UϺ�`H�S�z�U��g�׀���z����# � �wğ C:
����?l&�V������@�ȟ�+�s�˟7a�`���T�F��A���@� �〝�#�݈K�4B�+{���D���%�+� �Ø<�F6��v�ǁo##��	5ل�lBM6�@�[I1`{|��4�$\��C6��M����g���6�!(Ep�0��#��GAMP�Nc�載튟��7C�^���� �/v#��N@y9��$ �gY+[%j��\y���Yj��׆w� �M�k��R�A>��沵�e_b� C1��/�I: >��`'h��f��	V{���倽 U'��+����:�͐s'\V���=��
�!O�<k���� l�o�X��X\����ſ	��,�|p qq7��FO�f� [7���$丞h�7#nAA!n�Z��Ɛ�.��|P�,���ځ��u(�@w����\�%lO2p� ���� �BFA܆wG�DK�<d��#�D����.���r����A����@.aւ��}����=�������9���z@�#���=�m2�!�1d�Z=P�7 xw�큲�ÈA�T۠v�@�8���ǏN`�Iĝ��0�n�m���r������ ��0�'>�kM/��^���������$�[�-�J��*[��j��8`3�]>�<`+�5��`7�K ���Q�.�g���W#�5��c+�yJ�b>(������P��a�ek����� �Հ\����K�툝�����<|��Z������u8nA�����A�	!�@C�r�Ki�0~i^�6��~ ��a��+�Ъo��7`�0���9��n����� �_�&�	�n�� g������ H�q�!=�8�!!��c>�4�|3�s�r܂817c�Y��e؂��u�cnA�[���9n�? #����C}�g� p�ȟ��� "%����8n��1�F�k`u2�!#(�j`�AyF�v#�7��a���`#��QL;�iG1�(�}���Q�>��F1�Q�8�9�b!(ˏ��@܌���0�za)B���B�l'���ۉj�v�g;��U2��H���;�-݁m�����2��@�;�,?ƐQG�u|�4�Z��ȥ�r��W����1�q,�8��8�e㏣珣N&@�	��"p�AE�D�\Q�-��E�{�G��Q��(�<��+�:�bmڅ��B��´�0�.L���������\���uu1��b���ت_����8/�!� ���t��+�!d�l	~���ێ(ଟ	�}��\&��%�H���p����JޒhqS�D+�O�W�S��1�N%Y�Dk��|���U�&є�+~#ь�oJ�@��K��d+>�h9�(M� fe�D+�6e�D���v�N%��G%Z��P�*�j���P��H��f�ְc�I��h�
�P� ��5OI��,��i9�[��-#��Z�nІ%ZF�ڋ�Vr=k�hЭ�%�Sx>�DC>�6�S%{��h/��%Ң�DZ��H��i�^"-�K�E{�t*Y�F%Z%_��N�դ�pX���&�o$Z#0�#�Z�i��*���2�]ew#�����K%ZF:���t/{��e�IEZ��s�%�� �����$ZF�r�"��u��/�=��H <��%�2�lB:��c;,� ��Y��\~�R�A~�i�k�h�k��l.��y�9�o m�>��-���UH�B�9wH�e�>�<����I4ș�3�Ky|�Z�!�� �
^^�F���:vr:%I�)I�OI*WJR�Ғ�%�OK�KZ�.��!n��j5%A���0����C&1�~M�1 �!�Q	w�1�� +!l���i��kb������8�:�R���Xa@Nm@�A<�@���=��Ø��T������S�Z�9LK�;H-���H�O�m.��ټ�s�<�!���j����M�&#���y����n�
�� �sJ�d
���0�=*io~E�.�+��+Ϡ�3Kp���g���e���AGPWA�f���� ��=��⹖C�Z����E}�\�]M�<��M������Q����g-���.�\p�;@�)H3�占<�U�V��8$y�4p��c�ݩ$k�ŉb�p�,���HBbn�]�R�k4I�Di"�{�RsO��=!� ;�\��\O��ם����8���I���F$]���
���� �!b�A��%��:s�:NHýl�d�Ss�:9	�#�=��~I~^#y	D���9+����ĉT����D���fK��.�m��i뎨��O��z��-"jj�Kõ�����&�|�{��C��Xwز�-�8�p�������'��T=a��s�����Q�v��G����D8�g2�hOM���Px�ұpḻ2�m42�X�N�
W���K��+�ぉ��ذ�;-�
N��S"9�b�NMC��J�;�� ƪ��H��M;��T`88����|�ЎЄ#��L�"�aǪH 9&���S�0ܙr����Pp�rV� ��Xpd>�O�;ֆ�"��705��8�<5�GA�)�%08tp!FCA�Hhj:�LNS�d�����+�
��O����ӓ���T�c8��:B����c88�6�v���2�c{����x����x�w��Ɔ��a`::4�����h��� �mr�@Ѷ�&c�����Ķi���T�1�uDQ!�h�
M�PÃ{N�I 2W>Q`�h2���T8�mL��	NL�v��A�m�&��\TPѮ��.��1�B3A�v$�����Cֱld$4>m�iPr�gJ�਒Ġ�a���pt��At��\��F����c��H�~����t:�l:4�
@Z�-�vFE���<�Hر� x�Ppl��t,�-4E�p��H�C�QǶpx������ׅ��`��� ���tP`[���DpZt�� �d~������PT,"��c�����X`�8�+8	�V�F"��UU�w�Hn>^^	~S�Y���H�75������������n�l^�YvƢX��`(88�*U��"܏''�B�9��C@ܩ���<�0��3�l��Xoh�������`�k��qf�h'�1�F��
������:��]�Wr� Rt�gS�p���K梂�&��'G?�3@���"�K����-����|�3�b���� �3�T�����\�@��00�t,o��
	j���qc�l�d<�nz�*��)G&	��{� x�F�=2'�&�Mc�R� ?�j޺+�uR�s6´�z��R�8�Ky�G��D���\ J�t�{L7����3��|��K�Ns�`t,P�F����ы`�`�V��	|�@�SGH�j �Ýx�\��Y���)G��Î$N��ۙ�t�̼���o�t�T�e���焧 �M���7������s��̔���T��on �D�@ؐԁ�Dbwl�f��/1J�N"����ء���(;����\yR�|7�:(R����.cu�M�z�8�;��!� v�v%5�N� v&�(��a�ʗ�6�F� {Z�NOK��(����#�k,Ik�S�P?��Ŵ$[B#��r�I�z��N#��y���\�=d-�4�<��:b�������헬aQG���aSرކ��:�����N>B�C�Ѯ�a���`��bNp���`͘�2-��	�����iC_=9<+�艡���i:�lX4p�DQ�����,���$��(�e�a�r(] �I�y�+�eq
@�4�F?��l-����E�t��P5��pi8�J2o��@Pv�a��MǰA^!F��T�$�F!�=�-��1�!iRf҈�^�Þ�A�\2�iw̛��ɂ �щ!wr�0���0��x'<org=*:ϊ��y͛���bnè�I�ɞy1������Z�Ӊ��H���n�W��N�IS�R{S��K�0�[>q��9���)��7�<U��i���ME�g���)�ϙ�"�¿n�����x��=��^J9J>�}QK<�]XWw��g�Ks|��GP���g�ٔ����dH�+>�ξ��i�����X�Ɠ�7bܳ͝�������>�)��f ���v?1Z
I����h�u�Խp�'�1���lx��q8�<�P���^��^�y�z�N�A��C����S�����Y��>-e�۴4b�zE�,g+���$[���>/�3�Z�مc�wT�Yi�C<�5Q�����Hx�����l�H�ΰd�7�V(�o��i�e���&Y��'���e-�YqȬ�-�������rg����*>=e�`�3�������>u�֝��ק����;P��J� >C&��R��vǔ!�8��z�'� R~^����G)!�D@����o�Δ
�����~?�G�%g��]EpE��ȉ�(I
I�G�����CK҉��I�$�E��D��B�$����\`�G�I)$NR|t�J����U�M夆x�:V>RG�I<R�H3i!H+�ã����tB�*�Py/k�°x9YE]*X��:�:��F����dيÃ!|,�HJ���L`e�4E����P�y�|r�K.$��~r�\D.&����Rr��\A�$W����5���\G�H�D�L��
r#��|�|�|��B�����Fn'w�;�]�n�B�!��o�o������m� y���C%����q�]�M%O���������s���y��y������D~J~F~N~A��_�_���o�o�+�w�U�{��G�y�ߟȟ�q��&�+�/x�E�&�U�o�]�y�|@�NN����#�Or�|L�E>!3$F�PU�4��Z�NuTO3h&5�,j�&j�j��4�ڨ��Rͣ���R'-���EKh)-�崂V�*��_�Q��Z�u��6�F�D�i]@[��.�m��v�E��v�Ŵ�.�=���ѥt]NWЕt]M�еt]O����n�t3�B�� �Ct���FGi�n�;��4L'�N:E�i�F�.���C��s�y�|z�K/���~z�^D/��Ѓ�Rz��^A��Wѫ��5���^G�H�D�L��7��M�+�f�U�5z=L��[�m�vz���E�_���{�7�7��}�~� �6}�>D�����G�c�(}�~�>A�G��Oѧ���3�Y���!}��@D_�?�?�/џҟџ�_�_�c�W���e��[�
�}��������F_�o�?�?���/�M�W�_���[�m�?��7�.}��O?��'�?��#�Oz�~L�E?�34F�0���ə�)Y
Ke*�fi�[+��tL�2X&3��afbffaV��r�7D,�9X�g��9���3+a�����
Vɪ��U��a^V�|��ճ�ȿ8a-lke~����v���N���n����g}l)[Ɩ�l%[�ה��l[�����m�k������b6̂l�mc�,�Wղ16�&X�M��l�M���]l7;��a�������]����� ��]�.a٥�2v9��]ɮbW�/�k�!v-��}��L���N���t��M�'�[��Ķ�`$:5��ml��h}u����_k�k|�Zw�lQt*�w����X;Ż5�u���S�]AE /ʅ�m��e@�*:�S�	�0^�L��ER��k�+(^zC�HP1&^z��1��z����b�x{B�,cM$�uK�j�J1ҔxY)Ɲ/���i��)|5�գX-F��E�f
�&�rc�I<��|�Mʧ�M��˻�����`$ ,�c���pp,P'�Cc��th�x@����hH�o���S������9Cc�qNMLG����b28٥��»ǂ#%R�I^�����px��H�#��R�ቴYjp:�
OEF�=ci�	��O|��vƂCA�h8:Ԁ��������pD�#o�
�E&g��zQ��wp�����Z
��J�z�*ݯ��k���G�]+�����R���*ů���>�Z']%~��u�tm��	>�u�t��>��O����$�>��O����$�>��O����$�>�?98ڡ��\�56"^�"����h`8(GT��k�Hhl�&|�J���ed*���S���	�:6�
M�SC���(�))lz<4��G�1v�������8����|z�ˆƢ���` X���a�xtZr��6�of�KXh�z"0��L�'G�����G�aXl��R�T-�w������Jjk�T�'���ʅ�!�ī���&:>2<G=4G�UԽP��)I��U�Hl��b'6a>�Z��J�u۩��H�CM�t���zqR��9Z�x00%PtGBc�AE/�nI��$U�(UH��[jPC�U�$)���J呤�ԥ��o�'�á!)Pj�Ī���JW��hb���o�$JXe�(J8IA���:��$Q��
��4��F,hT,�)����1������Q���rߝD�'�{�h9��ۦUy�5��	R�p�x�^6=�
�tx�Np���u�؁l���:�	�[��n8�
N��Sw'(E�q^4;��/4����=�dc��@*_�0�*�
��|4-2
��i5_�!�iӐń�C���&04���#��&!�R-�O$�����("��v�%*m�x��A��&)�j�xp�I���8ȑ���O�|�I|d���8yO`r2 ���� 닲�Q�>��x��!a�hX�
���Q��_h	˧Ci�I|ӥ��ߪ�\!�Ʌ&
J���e�\�m��-;��F�\��w��c��QvN*�-L���0�j/I<)s��%�+��i�d�G�5��8�.��Z��HW�t�J�Z�ꓮuҵ^�6HׅҵM��K�EҵS���m�J|�%���j�o��Wj&�R��[-��VK|�%�����*��KͩWjN�Rsꭑ��H�k$�5���ĿF�_#���H�k$�5���G���{$���G���K��#��H�=��_js�R���H�=���+��J�����+��l�W���{%�^��W���{%�^��W����J|k%���Z�o��Wj����Z�o�ķV�[+���J�j%~Ry�罻:���2�����x��BH{s9#�E�����;i�o�pw�oeLZ��}K���9H���(~#Y��� g]�>��G�Zzp���4TɎ��A#��j�;M�"�ar9qoU��TF�1*;�ҽ�]��s�}_i��p�L_�W�?�c~~2݇w}m�s��g�?|�[�.}����}@8�}��(XW������ˉC-z���vkf��\�U�jw�BX#Sd�5��M�,�C��]hU'��C��e�~C��O�@��5��|Y��Ԯ�(�}��nҸ��>^�L������6�6lpo:K��j�L�>��*\��ptո�N.$�a��Ľ�r�?y�Vf=q���%�%�z��q��]����_�6��\����y#��_�C�s�Uֽrc�����Gv]��=K�uU�P_���쪿�_r寔ǭ��<p��W^j�{���?^���`��Xoʗ�|��moL=���-[���ӓ�ۇ�	��V��ݾ�9��﻽�0�\��T�r�����YZ��������B��>pa�-�Ҹ��������ݥnב�#��CSc��UE��+���6�DN�E�[�`*���<<����x�m��20��n}u:���X�jauE�)�$��,�A���^;�)|��o��n��@E�EY��T��l0��<v٫�_{�Ck���޾������H�ˎ�=~��/~������\����=,k�]J���B߽�����^V�w�9?�d��o����w\���t�O��٭o��-�o���g�w�go��7R~]���ʪ+���ʼ֎���G�9�O,>ֱ��[�#���g��7޾o��=�.��tKy�m/���-�6>��K��q�E'7�:a~h]����Ƿ�|Dk��s�}[�^6qP���'�)����n�|���Ծ��B�}]OY����+;�?zu|����Sk��+�j��Y�L�#%3mt�S���d�������LuGtj00����P�=F�#�j�;��3b���/���g� �:�m�g�nc×�JR��@M��U[�ӓ�����h���� M'�bܣ�y��;~��~�����{/}���?�-�ۇs�O5g���qcƖ}+ˤi($�3c{J�D��&[�q[֙,����[�K%��7TC)i�^mRMB�Jn)	���C��������yf���3综߯���}�;OjǛ�e	@�[lZ��A�t��W��O��L�WH�|�S�4_r�-�%�Դ�{�
�O����;�rK�;n�S���W�؋���7���/y����s�%$�m0D�U�%�͖˕���_��Ӑ���ځ��ޗ����B�MKW&�7�(��'l��(�q��}�E٣��v3�{j�����>�r{�9��1��C���衘�]���λ�-%�-����Y�ý�I߂r�s�Wkg��0�Cb��!
Co�0���c� �
0I�׸���|�X[r)"ϥȷ�j�E��be`ɬ���B �tA]<�s�@���pk�A�)��:9�̳����-��n�]��E�[͇�_ �$ߐ4���M�7{�ޥ8fn�|c?t��|����������hn�[~��rx��MlrG�N�Y��jv����U�cG�H�=:��j⤪J�3���z�5�c���mF]w켼	Kׇ6|�c��t�!��9T��CPXԦ�]T?
jS0��G~�X�e(ݗ�G��Z��A�9kr��dT}gf  .�xΛ��!t(��s6��&������� �tG!!3�E�D"�A�(-�6��Aw|W�}��ִ�^�i�  ������b������I������Yq���VNi��H[�W){��[KMF�9�3����Ɠ���@e#���Ea�jhM*!S�y�]�jj��
�j���2��p{ǡW-����v�'`Q���t7h�&JM�h�>O$E�&���f��Ӏ�dʣ>�QW8А�.����j���%WN-���ysqx��bv��w�<d�2�<Z��('�?�1���-ݸ��*O��8��y@k�Y4����7~R�ŕA� ��!['[a�Z?5�&a��LX�#�4��
A8�&�3������8'"�5� l1�[��<@� PQ�NB}AO,��Ky�_(��/�����b��YA�N	����4�*V��
��ӎ,W2X�Y@@9�aR������i"q�A���%]��xN�:"/�{��vd��z�ʰ�q5��(���Vn��}���n�Wů�,�O���[��>�T���˷��O�|jޚRe�+3g�x�����hX��"�b�,Y[1�q�R���Ƴڶ�M�#R��-�ET����.�,�������).1j��eomf�W<ȣ{�&4/0�of�3��8��dJnMcm2�"�o�F��j  �!����i�di^�%jG����Bf�'"/���"�¼P[��ӇR-RPXhwh�򚊷���{RQv6���8�4��A(���S[<�~�yr
�p3D��
Bki������~�73���^[ ݽҽ��`[g<�dI5�5z�p�L��@H�T�߫m|��6��eh�u�%WH�0b�t����R�(b�\�i��l�#��}�Mb����#��kd�|��"�k�޻݊p�e�����$r�܁�YT�A�����Ryn��		D�k��_�- �fw�Y;[cu9��u�E\����@�B�EX~��wFX�����_�����+��Q���e<~)��&���D�@Y��ځ*oF�zy��lm���Ud.��w,�&��p!f�:����d���Ɓ�b��G�J52'�WO4���z?������Y��A�Ʊ׼��������=1s����ϕ�:�]�-�iuؗ%�r�-��Jk��ň���I�zH�;�)M���O/sh>Spa�6�8E��G�O�[V?���e�_�ս�xI�v���[�	�6x��-����zf����(�h�����kܯ�Щ�Ҋ���ԋ���y5X����ue��N��Ԋ�_�K@&�B�=A`4�GQ� �?Y*`<��b�Mh�@���� e�"����E( 9�H����cEH���B�=��
�o&�]��*�w���V@�7�g��R���֖��ȇ`įT��}|uF�wl=��	��?�޺�R ܘĿ�H��*��s1FF�.�O��&B��jv�6ex)<s�|D�z�}Oib2Vûv%�]u��Dn]�6�M�u�����$YT����l�:�=��q��đ�5����u�0ȄQ�S����+��+zb�B:RpAH��T6o���&a�P�K�@ih�40x�7�������lG:;ꋵȮ`D��[�����
^�D�G���(���k꿌6lj/:[����&�
.�Pꤲ]�V/�tø�_�j�#���5uE0G���d�~��e��F�⬻Y;�,��S�H��{)���8���ƈ��f���j�:�F��=Z���c3:���B�#x
endstream
endobj
409 0 obj
<</Type /Font
/BaseFont /TimesNewRoman-BoldItalic
/Subtype /TrueType
/FirstChar 32
/LastChar 255
/Widths 410 0 R
/FontDescriptor 411 0 R
/Encoding /WinAnsiEncoding
>>
endobj
410 0 obj
[ 250 389 555 500 500 833 778 278 333 333 500 570 250 333 250 278 500 500 500 500 500 500 500 500 500 500 333 333 570 570 570 500 832 667 667 667 722 667 667 722 778 389 500 667 611 889 722 722 611 722 667 556 611 722 667 889 667 611 611 333 278 333 570 500 333 500 500 444 500 444 333 500 556 278 278 500 278 778 556 500 500 500 389 389 278 556 444 667 500 444 389 348 220 348 570 778 500 778 333 500 500 1000 500 500 333 1000 556 333 944 778 611 778 778 333 333 500 500 350 500 1000 333 1000 389 333 722 778 389 611 250 389 500 500 500 500 220 500 333 747 266 500 606 333 747 333 400 549 300 300 333 556 500 250 333 300 300 500 750 750 750 500 667 667 667 667 667 667 944 667 667 667 667 667 389 389 389 389 722 722 722 722 722 722 722 570 722 722 722 722 722 611 611 500 500 500 500 500 500 500 722 444 444 444 444 444 278 278 278 278 500 556 500 500 500 500 500 549 500 556 556 556 556 444 500 444 ]
endobj
411 0 obj
<</Type /FontDescriptor
/FontName /TimesNewRoman-BoldItalic
/FontWeight /Bold
/Descent -216
/Ascent 891
/AvgWidth 778
/Flags 32
/FontBBox [-184 -307 1206 1032]
/ItalicAngle -17
/StemV 70
/MissingWidth 778
/CapHeight 662
/FontFile2 408 0 R
>>
endobj
412 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1358>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��|�xG�X�v��c5���g��4�Y��=��\?�4���l� ��� ���Q^K� %�G���?��� �t�I|� ���� n?�� z����_�}�� �[��7G�4���l� ��� ���QX�	�g��k�G�xcRMGM��4��S�`ڊ �o�(��{���|Qn=� ��k��S�,� �i���[��� �P��$� ���� I�k�: �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��ES�>|/�E��?��G[iYt;`A
pA�]�Q���u���� A4⟰g����� _��4�G�� &�� �����4P/�;�I���h�� �{��N�l� ��� ������Os_I�EPT|A�  C��e� �M^�> � ��� ^�� �&�<S�� �s�� ���� F�(��?�������� Ѧ� �� ��� ������Os_Iי�ѿ
O�� X�q|@t#i��~.��7m�T۷zc�fs��9�̿�>)� ��x����� �� �f��������� �L������� �L��j��?��׬��	��?�>)� ��x����� ��l��o�	#h���|b���VK�=Ak���� �s�� ���� F�+�����gÛ_� lk��/ھ��n�ű�scZ(���( ��( ��( ��(��
endstream
endobj
413 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1910>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��� x��~���<_�G�Y�N-��w!R�p�OE'�'�K�����q� ��֨�%� ���#� C����?᤾� ��g� ���n�=j��_�i/�?�>�� �-�� ��K�����q� ��֨�ox�A񗇠����t���+�FP�X�p�#�ῷtQO�A<I,Rx��C+)�PA�#�z��*���M<� �+o�"����� �c�_�8Z�W���o�?~_x������^(żZ-�.��c ��s�f��?�7���U�� �>k[�U�B�A �Ѹ	���8"�/��� ��࿊��e�}6G�V�4c̏� E��?d/��?	��O��tK�Sq0.��Z}У�ޤ�'�\���>)i� >�|k~,�/��`w��4g�w�� L�u'��jk����\�����|�w�L�Vw	�[�`�J��
�?�"�j�G�k� ����x�6�Had��g1ک�nv�@��q����"�6�h����T`�7 P����m~� ����S%~��m~� ����S%��s� ȱ�/�-?�	+������ �c�_�8Z�WзEo��*Ej]��
�I$� P�ZW�<?}�k�qZi�P����T2zܜW�G��ӧ��>����]J��� d��(;���}��~2j��go�o��ƁȊ����3�!����1�|s��o�>�5�R�;���|!_��㒱���
� *�� � ��m/���-#�zXW���p9���/!��� v�� ȕ��:�� E�y���|�&{�&��D�~����� +���+gԑڽ��%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$�k���O�+W���Ž��j��Kmt:��<��q� �O~-�_LѠ�+�z]?Q[��KC;nTu "m9|�=��� �>)� ��x����� �� ����g�_��>��&��<O1x�c��$ ��6����>����(�n�/i�ju�l�	�*ñ� ���_<� �8|S� �����s� ɔ�8|S� �����s� ɔ����|#�|I�����Z���[�@[x�C������I�Oȕ��:�� E�|�� ��O��s����� &S'���'O�O�K��X�R���VR0A�E u�����_�� �����Ew<� 
�ᮟ���o�o��3����F� 2F|l����u=(��(��(��(��(���
endstream
endobj
414 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
415 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1358>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��|�xG�X�v��c5���g��4�Y��=��\?�4���l� ��� ���Q^K� %�G���?��� �t�I|� ���� n?�� z����_�}�� �[��7G�4���l� ��� ���QX�	�g��k�G�xcRMGM��4��S�`ڊ �o�(��{���|Qn=� ��k��S�,� �i���[��� �P��$� ���� I�k�: �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��ES�>|/�E��?��G[iYt;`A
pA�]�Q���u���� A4⟰g����� _��4�G�� &�� �����4P/�;�I���h�� �{��N�l� ��� ������Os_I�EPT|A�  C��e� �M^�> � ��� ^�� �&�<S�� �s�� ���� F�(��?�������� Ѧ� �� ��� ������Os_Iי�ѿ
O�� X�q|@t#i��~.��7m�T۷zc�fs��9�̿�>)� ��x����� �� �f��������� �L������� �L��j��?��׬��	��?�>)� ��x����� ��l��o�	#h���|b���VK�=Ak���� �s�� ���� F�+�����gÛ_� lk��/ھ��n�ű�scZ(���( ��( ��( ��(��
endstream
endobj
416 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
417 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
418 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1369>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��� x��~���<_�G�Y�N-��w!R�p�OE'�'�K�����q� ��֨�%� ���#� C����?᤾� ��g� ���n�=j��_�i/�?�>�� �-�� ��K�����q� ��֨�ox�A񗇠����t���+�FP�X�p�#�ῷtQO�A<I,Rx��C+)�PA�#�z��*���M<� �+o�"����� �c�_�8Z�W��§�Y� D����"�� �(� �O�����?�Em� �WgE q����4�g��������φ0xGY���X�'tt�-���lA'������Z����?�[P����m~� ����S%~��m~� ����S%��s� ȱ�/�-?�	+������ �c�_�8Z�W� QE V?�?�J�?�q� �ڶ+��%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$��+̿h��2�[𾙣A�W���~���t��vܨ� D�r��{W�� �8|S� �����s� ɔ���7�3��?�9�� �7?��G�3��?�9�� �7?��@L�?�?�J�?�q� �ھ~� �p��� G9�?���� �)�����H'���a,R)GG��) �w�"�:��c�M��� ���� Jd����� � �c��O�o���������o#�#>6nlcv:��PqEPEPEPEP��
endstream
endobj
419 0 obj
<</Type /XObject
/Subtype /Image
/Width 21
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 675>>
stream
���� JFIF      �� C 	!"$"$�� C��  W " ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(��(��(��(��(��(��(��(��(���
endstream
endobj
420 0 obj
<</Type /XObject
/Subtype /Image
/Width 75
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 767>>
stream
���� JFIF      �� C 	!"$"$�� C��  L K" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(��+���|Q�j��i����M�,��,�H��4����O$�x��:�(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��?��
endstream
endobj
421 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 70
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1272>>
stream
���� JFIF      �� C 	!"$"$�� C��  F 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��?�c[�&���G��֡�8l������<rppFF@8�j�� ��o��c�� �'� $�ѴW�_�~-� ��x��  d� �?�@�[� ���?� �� �4�m��(��s'� �?�&���-�-��� '�y~�m$�_��]��3���� }3Ey�w��>$��j���w��Mt$����#��e�< �E r߷?��� ���� @������ n�<� c����%}@Q@c���D�s����-�b��q� "V�� `����� ����_�� �����E����_�� �����E c��� �,x��O�J�"�w��� �X�������E QE ������\趭������Z����?�[P����m~� ����S%~��m~� ����S%��pi^!Լ�Y�9��S_���G䖶�L�9HEb�8�qX� ��� ?���g� }\� �%}3E |�� �S�������� "Q� �S�������� "W�4P����� ?���g� }\� �%S�?h����}�� �4x�/��I����7�\��8�J��� ����G����C�5�*�K��k�%���*q!F ��㡢��� (�� (�� (�� (�� ��
endstream
endobj
422 0 obj
<</Type /XObject
/Subtype /Image
/Width 31
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 892>>
stream
���� JFIF      �� C 	!"$"$�� C��  W " ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(���� �_�)��}&����j�+@t�bp�2��o�1��1�����ڿ?��?��� � �f����W�g� <g� �v���^��Sↁ�g·>#�垧kim|�N��H]R7$wq"��A�8��c�7�.{�
�J����Ru���|�0�� ���=����a���?�@� ��2� ���c����P?������~�=�����ө=��>��}���6m��Ǖ��N9��( ��( ��( ��( ��(��
endstream
endobj
423 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1369>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��� x��~���<_�G�Y�N-��w!R�p�OE'�'�K�����q� ��֨�%� ���#� C����?᤾� ��g� ���n�=j��_�i/�?�>�� �-�� ��K�����q� ��֨�ox�A񗇠����t���+�FP�X�p�#�ῷtQO�A<I,Rx��C+)�PA�#�z��*���M<� �+o�"����� �c�_�8Z�W��§�Y� D����"�� �(� �O�����?�Em� �WgE q����4�g��������φ0xGY���X�'tt�-���lA'������Z����?�[P����m~� ����S%~��m~� ����S%��s� ȱ�/�-?�	+������ �c�_�8Z�W� QE V?�?�J�?�q� �ڶ+��%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$��+̿h��2�[𾙣A�W���~���t��vܨ� D�r��{W�� �8|S� �����s� ɔ���7�3��?�9�� �7?��G�3��?�9�� �7?��@L�?�?�J�?�q� �ھ~� �p��� G9�?���� �)�����H'���a,R)GG��) �w�"�:��c�M��� ���� Jd����� � �c��O�o���������o#�#>6nlcv:��PqEPEPEPEP��
endstream
endobj
424 0 obj
<</Type /XObject
/Subtype /Image
/Width 318
/Height 61
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 4464>>
stream
���� JFIF      �� C 	!"$"$�� C��  =>" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��|Ko��x~��CԓL��t��xD��|�P��եE y����N�,S����1յg��&����%,yeD��7�`u����8����?�n�un�a��P}FѰs�"�,H��z�_���{sa� ��\4K��^�ی��t:���hL��������k��"��wᗊ�~OH������;�k��۹h�r��x�ϕ"���e<�vU�� 
�� �<Y����K�i���ZM�ſ�q-������y�3mR2T���� QE QE��x��mn���-�[ٍ���-� ���g;�I��(����N���kImWS[�n���e����=vD��I�y�ߏ�6��ǧxau9u[��nf�.�Y��Q>Ǎ|���W!KH�8�u��c���mM|���^���y�Q��EᖶD��J��Z`n۹x�rq^���J�T�7:5��26Exc�`d���y㓞(N��j�qc{mtm�h'�eW�_����ø<�)���c�r:�Q�׺��aip�!y3�o�Q�%9��|-k�O�vv��khnݯ:���� �R���cހ;�(��
(��
(��-�5M~��~ ��]^�:����7�e�f#����@;�+��--���K_�g2Ky}�f d*���dp����� QE QE QE Q^s�[V�>;x���Ni4m"�N�KR��.�J�������F����淥x�E�ִK���-�y� ����@TW�[��=��TԴ	$�T�mmm"F�4m5�p�
��#������/�������X�����㱇Xx����L��8�F�;Uu
U���=F�(��(�ռ'u���������%�|/l;'�vy�J$l���f��{Wi��/�������j�+�-\�os�]��z8�"C��T޳<�� ��=B�eH ��l퉄��l�F!���v�q]����[�k����Vm>x��(�sF�2ç8�<�~!����M'�>ԵW��]�ں�k;%Uⶵx��~t�~���=0+����M^���e��m�<C�ެ��[��e�ǖ�\� b�~��d|?�%��b/�o������g�-����=G� `v�w�'��>�w������ۥ�wڝ���ڒ\l�|��Vm߻YpS'n(o��S�>!��.��[G��-滨1I�,Ք
s�wܠ�ۈ�#������7���7�.4�^���u[t��vb0_p�hg���q�#�����](���N���Ѣ�rZ�u6�Y�_�L��I;�ޟq�G���i|5>��+�C	/�MA���V9"�����d�Gb(�<Yo���ZV�Ԛψ�-3D��������n�rC;��$V���Y}��Ōp�j��o������Q�	;~Y�GV�!akkk�xcU�X^����������y2�9XX1G�dU-C��]k[�����?�wѠ��Wҭ dh�C��$�r
  ����_C�XѼ*�O�mi�6�ؠ��(o���2	)m��6�u V��C�:[}+��Q�'���l�-$���KydUT�79�'޻���A����u_�H<Y�(K�M��q���<�*!� �,Ğ��O�qᏈ�m���h.d���h�N�om��X�U*��ހ1> ��Q�g�u+�^��W�N�qeu���70��c�5�q밞��xI��ߴn��+=I�<5��X5���cP�$�1��� YK朎�����\|���Å���[�Y|;m~��O"�ͺ`�\�v�t��|3�|C}�jv�����M:��[_hs����� ��y�)^#���K��㆏�B�R��{3�j��O�;+|�0\���2���D�Ʊ�+R��v�z��i��ֈ'x_(�����;��\����>���F�׌���D��%�=ΤT�Fi�D�1_�l�p01���>�>��M��O��!��{M�v�5�ڠv��N���V��9,I�4��5�7��+~���$Z���hiq5��3�{�~�$ �j��pWz�װ|S��lc�-���k��i��/�}��i[�a���v�EW�>x"��-�i�Jh�����Gk5��j&��|�B�����ك¾,�m�s�^7���"y��$���|ɵTuTހ.x�޹y�4�55����������ibV��BX�dٵ3�q�={�,�-�֥��"��4�����Ĩ��8%����+���2p2s\� ��� �M��6�v�d��!��s>�2F䅂~ �B6Qv�M ����4�bm	�����d�&�Լz[8>ZĤ��;w8��{PE����v��kV�ZhZ>ժ���ٛ��o���>��o�>'�k�4��'�f����6r����Ȟi���������W	�|Dվ[|2h��$ӣ����㾺��~�D�1��f�w�'v3��|����գ�>%���'Y�Ե=^_>��Jf�F��n��Z ��0x�Sд]3�^K��^�v���#�;�j�]�jx'�Z?�<#�e!��综�a�\J�4��wc�'�
��)���>����5� ��g�ٛ�:+k3���V�)e�7�lm��V�������_h;��8�Z^�1�R�*�N�o�H�GS��A�c���t˽C�r���T�h�o�7#�<�e��� �*���,x'�^-��և��uum$����Ŵ��3$q�F�u_��=9�W��K�^����MOKԯ�&�u(�ib����Ӓ]�E���.�$���g|+��n�~ׯ��P�$�EM>����q�.�In����%ؤ�P�q�`r������.�K[&�u7"6�N��������QY�W⟍��<%��	�]sı@��m��VK�"߅-�ّ��ĖQ޹?xI����� _��ž"��t�V�D�g�V���4)pcRFU
��H=t��-��ڗ�<e{��iW�PX����h�%ʀ	*�� v�(�՗��m��=���1���]e����Ŵ#�1��}x/�|s��j+&���Y�F,4kTyp���p�?�F!�W⯁�W:]i:���.�o,���5�A:ʰ�cdD�
�9��*�����K�&���={�^&�j�����6��D� ;Q8�nH�� ������5Ѯt�{��X��%YnW̍��t8�d`�¼���
���c�I��u��=F�Lq*�E\�d��/�}�w��.�o<G��R0�{���E@�:E�!ڈ���^q�:	o�/�nP�׊5+�]� V1;�8��"�����k
|Om�Z��j�l���h�e.�T'���\���ϋz=�z���������-���)$T�)e]�u��h�|qw�����<�-��e~~UXؓǰ�_��O���e����f�#�[�\�Ͻ"�wĞ �}��[�z��s6�͚]���<��]�ٱ �$��r��7ğxgM���U��4�d�{�/P��5��v���ʮ2�FE K�B�:|��!�֯�-ƽ܋cn���l��p%�Gl9
%��g�?R�$�F�� ��ln��:d�G=��4N/7nR� �C360p)�Ϋ�S��������m$:���l��*�5w��U��7|u� QE QE QE QE QE QE QE QE QE QE QE QE QE QE�Zw���� �|Gծ,崏F�Jѡ�w���3>F3��0OzW��E QE QE QE QE QE QE ��
endstream
endobj
425 0 obj
<</Type /XObject
/Subtype /Image
/Width 31
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 892>>
stream
���� JFIF      �� C 	!"$"$�� C��  W " ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(���� �_�)��}&����j�+@t�bp�2��o�1��1�����ڿ?��?��� � �f����W�g� <g� �v���^��Sↁ�g·>#�垧kim|�N��H]R7$wq"��A�8��c�7�.{�
�J����Ru���|�0�� ���=����a���?�@� ��2� ���c����P?������~�=�����ө=��>��}���6m��Ǖ��N9��( ��( ��( ��( ��(��
endstream
endobj
426 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1910>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��� x��~���<_�G�Y�N-��w!R�p�OE'�'�K�����q� ��֨�%� ���#� C����?᤾� ��g� ���n�=j��_�i/�?�>�� �-�� ��K�����q� ��֨�ox�A񗇠����t���+�FP�X�p�#�ῷtQO�A<I,Rx��C+)�PA�#�z��*���M<� �+o�"����� �c�_�8Z�W���o�?~_x������^(żZ-�.��c ��s�f��?�7���U�� �>k[�U�B�A �Ѹ	���8"�/��� ��࿊��e�}6G�V�4c̏� E��?d/��?	��O��tK�Sq0.��Z}У�ޤ�'�\���>)i� >�|k~,�/��`w��4g�w�� L�u'��jk����\�����|�w�L�Vw	�[�`�J��
�?�"�j�G�k� ����x�6�Had��g1ک�nv�@��q����"�6�h����T`�7 P����m~� ����S%~��m~� ����S%��s� ȱ�/�-?�	+������ �c�_�8Z�WзEo��*Ej]��
�I$� P�ZW�<?}�k�qZi�P����T2zܜW�G��ӧ��>����]J��� d��(;���}��~2j��go�o��ƁȊ����3�!����1�|s��o�>�5�R�;���|!_��㒱���
� *�� � ��m/���-#�zXW���p9���/!��� v�� ȕ��:�� E�y���|�&{�&��D�~����� +���+gԑڽ��%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$�k���O�+W���Ž��j��Kmt:��<��q� �O~-�_LѠ�+�z]?Q[��KC;nTu "m9|�=��� �>)� ��x����� �� ����g�_��>��&��<O1x�c��$ ��6����>����(�n�/i�ju�l�	�*ñ� ���_<� �8|S� �����s� ɔ�8|S� �����s� ɔ����|#�|I�����Z���[�@[x�C������I�Oȕ��:�� E�|�� ��O��s����� &S'���'O�O�K��X�R���VR0A�E u�����_�� �����Ew<� 
�ᮟ���o�o��3����F� 2F|l����u=(��(��(��(��(���
endstream
endobj
427 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
428 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
429 0 obj
<</Type /XObject
/Subtype /Image
/Width 1029
/Height 678
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 71197>>
stream
���� JFIF      �� C 	!"$"$�� C�� �" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? ���?����]�� ��	���x~�Y�F�y%v�B��S%�$�NI$���S�,� �i���[�|	� �!�?����&��: �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �('��;����D�+��k���,��}�n� ,����M�M�� 3� �}� q/����>��� $C��-���Mvu�|	� �!�?����&��: (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� �~��A�g����
La�̿#gtq����� �j?�_�<� �&�� ��q��+]��T�<��V�Z����2� ) u' ��5��=��|�?�|e�}T];Q�G��4�gx�Ktv �� ��8�4����0_Z��[�F���H܌dd�榕�(�I*(%�� RM|��/~ѿ-5�0��|/�}:f�����\ ��x�,�$L��ƌ��W�w�[�ڋM��$M������#v�U����F >��潣����R�ԭg�Ϸp�C��a�����jWȟ�\_4߄���5����kt4]8�k�(��tP��&S�x�?�_�>?|:����M�A��d�S/��jUQ���*��L�~c���?<w�_��Z�5_��	n�K�yf̄3�jǐ�s�qַ�.������O2��5�'�F�`8## �5����g��� ���>�evЫn�������}5�?���[襠o��<��lƚ��X����y��{w�F�7�\g<g�O�o�m��pG㸃��2i�q�>�� � W��Dn-m5/��W�y���]I<{o@���������!|R��o�>��K��mF#�m�X%Iz�V��BW� ��h�6��T���t�/,�c�<�T#!��Ar�U�'��E����<ӯ<E`�������D�J�&p��ʂr#�վ ~���;��I�މ��n�X�Ɠ1�5�H2��F�	��HE }[�?����\�-l#�e�:@�Y����H�kV� ��&�>��ᶵ�k�Jգ�_���m;<D�'�r	xN	|m<����㟌��^��[i>���4:�����W`�D��*S�>P�9<� ����������/��ᾗ�c��Π����h��K��BW�a� ��+����)�U�� ��x������Ė�w���f���K�0���# �}OE|���� >|��|A�>��s��!7�604Kja����'rd��� '��� >*~���<;�#�7: ��*yz$0)1+&�IX�uf@NU�rJ �:�� �?�?���t�x��2�{qs_b��te�Cf8�T��:t��O�K�>���Oʡ��@ ~k������Zo�k�;�%��i�=�����~t��V.3�0~�����~x�X�I�|oj��#�.-���� �ƫ�x9'�z�|�Sx��_�4-K�A��?�^�)m'E{=ѕ#�*cO1��` H��g�>1|K��� |,��6�x�[��[���H-�P��#i%�BY� !�� �J������/|?�ɢ|:��y���"P,5K�rB��8��R
7	/�L�۩~��&�Y�Mn�5m�`׶Ј��G+�XFY��a���������S�:0��]���Vl�Z4���lg
�1�$ p9��{��� Amw�:����&h�g��@$m�T���9���>*Xi,�{�xoZ�ywVмo%�u,$QAL`PIH�>.�N�^���cữ�~!��t�#Y������A�ǻ��c�� }%E|�7į�?|e���c��<I��va��bDkVʃ��ǒ�� �g ����O⦁�Ei^�%��E��%��żF5���A1r�������@>���G���_�� ��j}ƺv���fe���!1=�D)�
����
�N3Y�2���D|.����W���^#��-�#�BB�Ļ�Wd�YԂ@<� >Ȣ�U�į�>��to�� �V��bXSO�U-C���Dc�B�>�A'�����n��{�[�:�����zt�X������L�ϖ���9� ��_>��|Q��<U��]Xꗾ�V-V�R��\��'X�
�a�>S��7�3�7ú��c_�մy�Y��HI\��J��'�bK/����W�_~=�:��� �O���9�2�����Ȧ0@��m8:��t�~��)�X�����W2[h�i$��a*�2�d�41� t��tWϟ~5x���	<1r|*��|K'�b�ga"[� ;��wd�ڤ�������'Ǐ��(�ܿ���g�=�H�d�H����) �� �ʊ3�E QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE����i��Ŀ�֊?��O��%� ��P��x�Ž;� I��θρ?�D<� bޝ� ���g@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@����״��	���aM|E�;x���)�jw�6fA�<�DL��}sE |G�g�����K���ڶ��ͧtO.�~��FP��tߐ�8�������~)k��qg�x��孴�Y�JW(NAw��R����(��>
�C֛�j�?�i��>5ҭ�/L�� �������s��W�O���pk_�kQԾ!1�o�Ke4�X���%iH)1��k�z� ���������q-��*	�#,��m�V�A�5��� �G��m� ������o_�~� �Vo�m[������g@������O�H�YmIYf�^w9/��q�s�H�@ ��TԿh��-GH��x����˨�B���Hѕ�(;��� 䂣$b���Z��=@h�_ |O�x�B��V�jWJ��<`LY�pv�� ��9�	��>A��4��[�ޙ�^Š�jq�	sj�`1��Y�"2��A#���P��_h�~7�oAե�4�٥�;�Ud�d��3a|6H�	 ��E |����-o����+�Z֗�Zj��֣��gy�.i �� ����}�Z+� �B|d1s�%����(���ࢿ�C����� �g�{��� �c�G�}��$�����o�4���� @����i������N�,mo�,!I��bY#�|�XG����x��	����txwI��<�6$���s�_4�۞
�~!�[�E���K�hE��gn��	d!�� PF@?\�@�|c�WN����Kv2Gv��ڔ�l��T3�.2ı$l8�w�+�B|r�2SMb��>]��D��4P�_�P������� �*��]�����f�4k�j�A��m�h�I�`@`��!H���:(�o�^2����E�o	��Ͷ���}�V�/�@� J1 �@,� �� �C� �4d|���P�$*�ʊ �S�
%�  ?� �^O�j/�+�Kw�o�	�)���(��~:� ���/� �(�m�qZ������<\� �=��yR?�#6��<֬�`��8�'v�ہ���߆�}�E |y�	J��P��i6�����isA�Io�)��
������� �� �ǟ�_�k�:(�� ه�W~:��~'x_O
׷���+6��ƑȊI8 ����<U��?�m�Ï����k��ZJ�����؆P\�.����H©��A��Z(�OڟÞ7�����_uOI��K$����#���NH 8�5�́�O�H�7���/i^���?^�pB�7���6m�3�pAA�e��089�� DUU
 �Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@�L� ��K� mh��
g� 4���_�kE }1�'�H��� �[ӿ��:���� $C��-���Mvt QE QEyo�5� �׾0���xs��Zi�D���E��v��;a� 71$q��z��	�������#��c����Άl'�&����<���B���� $����@�M���xc▛�XkV�����;��wV`��O�Y �y�F2�W��|T��g��|D���=m���XO��gm3���\��̤���æ	�~�y QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE����i��Ŀ�֊?��O��%� ��P��x�Ž;� I��θρ?�D<� bޝ� ���g@Q@x�ů�V�~/�~�7�|?��*�����EZln(݁�r���ur��+�+���|?�u9�=c���o� �su��,� ���p ���<j� �'X�a�ĖZ�����GO�5�����U�뙐��d��7��k�Wv>&���.��X���ޑ%壉m����$J��I�#�dk��� �KN�.t-?��%��vŮ,`��Ky� ��Ā$ �����xOv��i�M�b���� �rN� d�4󧊾"xK�� ����#X���F�cg�G�����rq��_yB�bI `py��K�$Bs��V=��</k�|Em�j\�5�[�@7�;�� y����h^�/�|?�[Y�U��V�:$�O��g#�*�%x&"FCc�������>%� �� �O�m6���� �>���65}��7cv3��g�zo�o�"<� �oQ� �i(�� $C��-���M q��>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�?�>;���e� ��� 
���W�YV_�]{5�5���q���>>_X��C��/�4&)>�!
Y$`1$�r8��*����������f��(��(��?��O��%� ��Q� 3� �}� q/����>��� $C��-���Mvu�|	� �!�?����&��: (�� (�� (�� (�� �>;�����z���IG���"� �oN� �h���� $Cǟ�-�?�M%�x�Ž;� I����� e*����]�F��kO�FA# ��/������ks� �(�O��!� ��?�)��h+���{��5�� �`X� �}W� �?�r�h������ ���� �Q��c� =�_��� ��բ�2��,羫� �[��9G������ks� �+V� ����� ����n���?��U� ���� �Z(+���{��5�� �`X� �}W� �?�r�h������ ���� �Q��c� =�_��� ��բ�2��,羫� �[��9G������ks� �+V� ����� ����n���?��U� ���� �Z(+���{��5�� �`X� �}W� �?�r�h������ ���� �Q��c� =�_��� ��բ�2��,羫� �[��9G������ks� �+V� ����� ����n���?��U� ���� �Z(+���{��5�� �`X� �}W� �?�r�h������ ���� �Q��c� =�_��� ��բ�2��,羫� �[��9G������ks� �+V� ����� ����n���?��U� ���� �Z(+���{��5�� �`X� �}W� �?�r�h������ ���� �Q��c� =�_��� ��բ�2��,羫� �[��9G������ks� �+V� ����� ����n���?��U� ���� �Z(+���{��5�� �`X� �}W� �?�r�h������ ���� �Q��c� =�_��� ��բ�1�8��Z�M<�[��Ι�eSLF�$�X�Oz٬��Bz�����AZ� QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE�?�{��M��'^�^3� 7�� t�� ru�� QE QE����i��Ŀ�֊?��O��%� ��P��x�Ž;� I��θρ?�D<� bޝ� ���g@Q@Q@Q@Q@g�o�"<� �oQ� �i(�� $C��-���M��x��ŽG� I���O��� ط��4t���C� _��Sj�W����� �LU�@Q@Q@W����y�?�]~�^��"n��{�Χv�ܜ��� =� t�=Z�q���W�G�?-|-gf�Ɵ�-cP��"ݺm�$*yn@�2s���s�W���V�� ���/���3�w��M'��6���NR`���`��Y��? �P���k�E���^�}���%��ܒ!�A��AЯ����kO��,�_M�^��K�\�ӿv��Tg����rN��2������{� Ǩֵ�d�o$Geu�ʰ8 �8#���=�_j�|!�jw�7��T2Oqq)�IX�Y��I>��xW�����=��-�,$�-��,��� ��Fp8�'>;������>xw����ϋ����M%��Y�fQ�T���ڀ;�|n���[��þ0��T��t����؀�L�!N� GQ����o	xwG�VK�j-o`�-4�cqu~Ywb(�	����y ��o	���_�����q�����|z���r	��E,���� ����>%�u�|6�]��5�n?�^�jZB]G�[%�ތ���F��#$���g����ז��_��x~�^ꉬ���픶X�����$�h?��uOh���~8��5��:sj�H���H'�V/� H����y_�O�~*���sXx3P�/���eΛ�kh��~���]��H�yG@����!��4���KI�x��V־&��n��Qn<��E�27�� r0�?������ �U��7���{ื�����r&��7��WJ��������>��K��p�WQ�c�� �]О���+o��ӵ[�g���.����{-���B��!ާ
�	' �q>!🈥��g�A�]��-b�������b����D͌e�-[�|�z@|_?����^���[���W�^j$��0@�'  H s[��ɢ���0xn���1����O-����h��_�;�H8�+�3ǚw����;X�֧�E��o$�{�d{r��[�0$��8�3�΄����~#�~|K��a[�5[ō+�,�n��3�h�~.2 z�����ZF���K��i�$��iR�_�\M���	P3����� �>�<I���w�#�K`�����0XbW� �98�0GPExMށ�m'^��᷂�.�/�j,�6�	?�7��9��pF� ^��x��	�O�Q�e�jkW����6B����&r��U�̰98����/Ɵh�?��e����<P�)��3;�ʁ�{��p������o�6��i�Ɨ{�N-���Z���[9]� #��}�^_�x�B�~&��I��Z�� Ӛ�D����}���5���\�G�?ş_hZ��r�i��[B�v"�q �8W�px�$P�׋� �|����s�WZ�ދ�I�4v�?��,���F`�,���'�^�k2�[E:T�� }����������r5I4o���wa"�I��q�`��^	���x�?A�x�J���{�6}WJ{hu(��c� r�x?�P��߃%�B�P��%�L{�/�WLc����^~z�!s�g�㚽�I����������Kk?�5���R�Ij�`0� �2@&����(�t'�k|(�.����Q�"�ZD�I�A��a�Sa$��� }Ed�k?h�-�����C�8"��������,6G&~g]�0����֠�(��(��(��(��(��(��(���Bz�����AZ���� �O]� ��� �h+V�
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��<g�o{�����٫������N���
(��
(��>4� ��� �>� �����G���i��Ŀ�֊ �c�O��� ط��4u���'�H��� �[ӿ��:�� ��( ��( ��( ��(���� $Cǟ�-�?�M%�x�Ž;� I�����ط�� �4�|	� �!�?����&��7�S�  ����� Jb�Z��O��!� ��?�)��h ��( ��( ��( ��( ��( ��( �/�wý#������ Y�56G��R��M�ݶ��p� ��v�P���|g�sC�%ֵ�5�u=KV�{ہ�Y��l<��`�9���ƃ��x����0�V�b�4����Ke�J��@P	S��x���( ��( ��( ��( �z��i�i�:n� ���3�@�`���8��P  � �ږ�( ��( ��( ��( ��( ��( ��( ��( ��( ��(+C� ���� _�� ��V�eh����?��
ՠ�(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(�� ��� �m� �:�j����������f��(��(��?��O��%� ��Q� 3� �}� q/����>��� $C��-���Mvu�|	� �!�?����&��: (�� (�� (�� (�� �>;�����z���IG���"� �oN� �h���� $Cǟ�-�?�M%�x�Ž;� I���� �2�� �� Ҙ�V��S�  ����� Jb�Z (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� ��� �'�� ���4�YZ������ O�&��h ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��(������N���g�o{�����٨ ��( ��(�O�)���������L� ��K� mh��>� ����zw��G]�q��x�Ž;� I��΀
(��
(��
(��
(��8ώ��D<y� bޣ� ��Q�'�H��� �[ӿ��:>;�����z���IG���"� �oN� �h�{�?������ ��*լ�� �2�� �� Ҙ�V�
(��
(��
�5O�4�B};T�om�d��:�I���}�uu�j_~jW����<+yyq!�i����W'%�����$�� �!|d�&��/��?\k�]��|1���� |�,  zW�� ���y� �M�� ��>#|�%� ����w�τ��n4�����I����aW�6�a�0y��|A� �����_��Y�� ���S��k������}n-VXb�uյ��n"�������0��k׿�l|,� �������u�����}�����?���Z�V�XM������Po nY>\�I8�_� �O�����?�Em� �P敮i~"�e�𶵦j���skr�	@�Y	����SM���K8�Ƙ�_�|Bwd���)��M�'[�DM�������y�}Gk�=M������6�Ö�� o�V�����À`���yM���@�:*�B��Ώ��/���גnVI�����<��ԀM�]GD��^)|p�������R�i5�˩1D�\���K$���왥�5��&��B�N��ç����|�s�<�L�b'*6$�� m������ë���x�X�|�r\iRN-���V��	�2�!`>\��ptO�_o>0i�n<��6/�����?�<�N��>����@pH ����0<����Y��:��k�E���&K����ԁ?v&\���=y�c��������uO[�wph�r4�Kd��0�1A=�v�|-�E�ȴ}V_�?��ޭs�j+5�mu+�%˼D��r::W�����V��� H�B�( � �:P�_��5� �Ri�1�O�<ki��z'M�mg�d�i��V1:mP���nw�,�m�/��~�?}CJ�N�}�˪�$�G9�2��Vv2&]��@8 פx�Q�����_xW�V�9����t�� ���gPC�7���A$��O�:>������H���Z�޵{���U���D�Ij����2�X�`�����+�?�k��:�����4�<v�6﵌e�!\8$rFsҹ�c�֟��v_4�OVo[Z���ڼ�ҹ��Q��H�l1�b� 0 ����|-�?x��z� ��#�v���ZD�y$�1i��U1ۀ8��ds̷��4k���A��gI��m��K�ǩ���(YN����,��-�s� ���f`� <f�}�ޟ����m~&�~��g�|7�+�j�~��`Xo�Q�QH�"����IU�9�M���^�<M�ipy���Eյ�[�o��eE� �I w�;�����Ú���b���,MĞtge�ʌc�bN 'pqր'�~1�W?
uok�=��&�u-���Y���7aB0�e �d�p9�5���[�x�ᥗ���^���K�9����)�	 !� b�nc��]l� |G�x�.� �M��|Q6��I+�� W�HY�d�g��t�^�i�ǚ߃���;��f��+{���ԗU��9# ���rXq�r������<E�|)�u?�I'��ǨB�<q�W�+S�� �A8�t�1���xC[�O� [�d���L]$�4�-\�1��rw������:����{�~��iú���_��[��v<�� }�cp� ���z��/���`�>ΧD�^������`^��b1���w�b�%�rKNP��>�5?�B�^�t'Ч���K'�$�"ss�v�\�;I�$�]s�<W?��W��zY��)���"<s�	�� +�A�z (�� (�� (�� (�� (�� (�� (�� (�� ��� �'�� ���4�YZ������ O�&��h ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��(������N���g�o{�����٨ ��( ��(�O�)���������L� ��K� mh��>� ����zw��G]�q��x�Ž;� I��΀
(��
(��
(��
(��8ώ��D<y� bޣ� ��Q�'�H��� �[ӿ��:>;�����z���IG���"� �oN� �h�{�?������ ��*լ�� �2�� �� Ҙ�V�
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��2�?�	�����Mj�V�� !=w���� I��Z (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� ����������f�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(��(��(�3���ط�� �4�|	� �!�?����&�����D<y� bޣ� ��Q�'�H��� �[ӿ��: ��O��!� ��?�)��k+�?������ ��*ՠ�(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(���Bz�����AZ���� �O]� ��� �h+V�
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��<g�o{�����٫������N���
(��
(��>4� ��� �>� �����G���i��Ŀ�֊ �c�O��� ط��4u���'�H��� �[ӿ��:�� ��( ��k�O���{]���M���q<��{ I$� �@ �i׌����u��&�>�׷�iz�X��r~��\���2ᱹ�� 9$�|i�
�7�j��GcD�d��QKs��+/�ŏ |G����f���-�+�/��`b@9��zf�_��'�5��:_iZ��~�m�No��6�yv�#i1�e�H@I�ۨ̾���K-/�~�敢[x��zƙ}��+[\"�!d����u<䑌�v�WƏ����σ,<ea>�$0�\#�8(���g�+H �^�_=x� C��������6�6��Xj�%�18�H�ybrG'q��(IhQ��*	��8� ���D<y� bޣ� ��Q�'�H��� �[ӿ��:�� h?iv|q��k�5Ԟ�A$:�����7	�FIp�������G�~����z�Eχ/���D�,�G�0A �@���C� _��Sj�5���6pD�_:��c̱�5ȸ���@1�ps�p$�]- QE QE �j�>iZ��v���X�۶ɭ�ux"�6C+8 ���Ծ�:ԯ�/� xV���C,�ϣ��$�NK3%��I94�-����R�� ��o�.�y���OG��k�ݏ���]K��iV�䲑&����eV\��?|�zW���(�k�)�����j����t;}��v��g�q�+�������̳����i\��nA'$�(�  p(�X�-|,d>$�;ηn�_"�� c�g������ ���g���?-4_��&����'�lZTS"-�$�f#$t s��w� 
��g�O���� ���+\��E���mkL�b;�����. �в	�5�ῄ�6q�1��D����q��S_"��N$����-I	� �����z���Úm��-o@��0����6W�� 0��G<
�W���tU���Ý�_e��/�$0�&6��� 23ˀy9ǩ ��ՠ��Q�>h�_��S�_�%��[����Hd`�Wځ�$I�/C�}�6� �%�~8��Ԭ��Y�ƒ����`p{�CZ��c�i�	����E|9��]j���"�M�F�C(@ '  �*|O�Y�9~6xW���ˢϭ�j!�3*�S@��C�cb�$�S�y O���)??�`�� H`�Q���-�/�O�.�;���/\Ԣ���� ���˅��26>[�N>���<	���X��7�)��#�;��� �#��!O��)���������վ"x�xr�Ky�;���	���� l#'<�G �	��K�M������=,�]�r�coa���_��ex�Y0��x��o�s��o���Y���
=ǈ�mRy�ԤSih�Go�<�	��	9l�	>x�O���h�$�D��j:n��]��+!ѻ1x���#� '��@� �>%�3���� �>�:=�j.�s��� 1>]�XF�9N����� <M�CL�� �}����T��X�ՠ�Q2���G��0K Z�|2�u�sT��i��J�ҥ��@��_X���Ry�  6�	s��G�� iZ�����ݵ�r�Z��s-��
�͊+5�Ր� �ހ=�7k��x�F�S��~��O7_�P�dx�b�4V��0A �22p1��῍<a�~�^,ӎ�4�k+'����G����3�8��Fr@�]�vx�#_��Q�^_мM8w[��ۛkvRNǞ�d�n����l�/�<Q࿌3O[�x[Sд�95o��	,�yR�K b��@#$��~��xC�c����Q��	�r��)BT� ��u?j���� ��u=��<E<ZԐ�Y�����!�!��<sһo�>��E��n��RYx�M��b��!�4��#88'�5��s�߈�~:k���� �B�P�	�I7ש�����A ������Zυg�����K�F��#
Y��.������5��>��� 	G��]}{���5�
�����j�^D��i%�@��BT�A�9־��>|4���%����-g�T����Z+N�ys�1�A�`��� �H��Y���zU��1}�m#�Q��L�t�?J���GK�pF����� �8 ���MkR��γ��U��7�"���i�d&�D,�a 2�!�� � ��� ~6x��Z��$o�|?��b��5^4�Te������W� ��Zσ�Gq��ᆏ���B���(��ǒ�&%9-��줓�5��1�S���WƖm���'�5���-<a�k|�$ϔ�����J�A
y ��6����xjxz���׊ch�TR,,~X��I"$Ua�A��$s:Wǋ�[�Y���Z���|=�E}q^��\4��8
�Y7�08,H��5���,�ޙ�[��t�|c�h�����N($�"0�&H%$�x�49''�<^��x���~ �'�t���n�m���Z[ywm,q\�0�U�ق� �ּ/�K�O�=7N���G��:��g���R��$���Ȁ��99�V|#�/_�G�=Kúw�����5K�;R֟RE��r�b*Fl���n��<���i���}'���ɥ^%����-��2�d��xRQ�� ːA�^���@��)|dڵ��ƥ⋻�O�+��8�+���%Ow�2�?� ���o�,�\���<Ikq�4�����SQ��V�#�"�4�0���J��K��|_����\�!��O����MB����\������d��5��xK�6�
���\i�.��WS�MO:3��4*����0��
 �������r�o���'ּQ�G��aic�č$�6V4Ua�s��H�3�K���O��x_Q��֓�c��D�w����B���#q ���[�9�<=��ľ�m5/�SI��sv����4�a�+Ƹ$�#<�3�x���� �߉o�[�i��S���}�ۖ�8e��N �H�v-��� ��r�^����״�|.�����/����uHn�Y��H�X����r:��F����������K�K��Z3]��|p��r�yxh�2!F��s�0��j��ƚF�~i>�Ǻ[�u�u����Um�(Wg�1����x��4���]����6�zm��;�|�4�ڱG���F�X0�K��2�Q@Q@Q@Z������ O�&��k��� �����;�/� _*�Y@ʹ8�E :�c��{�r��x��|��\u���?���@�V_������ ��_�����:��ޏ��/��� ���q���t� k�� jQYۖ_��S� [��2㯯����Oz?�,�玧���� �e�__�������Ee� nY�O�o��  ˎ��s��]=��ܲ� �:���+�A�}~�O��{�����e� <u?��W��.:��Ο�t���r��x��|��\u���?���@�V_������ ��_�����:��ޏ��/��� ���q���t� k�� jQYۖ_��S� [��2㯯����Oz?�,�玧���� �e�__�������Ee� nY�O�o��  ˎ��s��]=��ܲ� �:���+�A�}~�O��{�����e� <u?��W��.:��Ο�t���r��x��|��\u���?���@�V_������ ��_�����:��ޏ��/��� ���q���t� k�� jQYۖ_��S� [��2㯯����Oz?�,�玧���� �e�__�������Ee� nY�O�o��  ˎ��s��]=��ܲ� �:���+�A�}~�O��{�����e� <u?��W��.:��Ο�t���r��x��|��\u���?���@�V_������ ��_�����:��ޏ��/��� ���q���t� k�� jQYۖ_��S� [��2㯯����Oz?�,�玧���� �e�__�������Ee� nY�O�o��  ˎ��s��]=��ܲ� �:���+�A�}~�O��{�����e� <u?��W��.:��Ο�t���r��x��|��\u���?���@�V_������ ��_�����:��ޏ��/��� ���q���t� k�� jQYۖ_��S� [��2㯯����Oz?�,�玧���� �e�__�������Ee� nY�O�o��  ˎ��s��]=��ܲ� �:���+�A�}~�O��{�����e� <u?��W��.:��Ο�t���?i��7]�a�7F���eyř�i5('��odAّ��# �� }/E|� ����<3�O� �+꿂[�_tO�zuŭޠ%����H��GL�?)
r@$�r(�謿��/��� ���q���t� k��ۖ_��S� [��2㯯����Oz Ԣ�� �,�玧���� �e�__������nY�O�o��  ˎ��s��]=�R���ܲ� �:���+�A�}~�O��{���e� <u?��W��.:��Ο�t��J+/�r��x��|��\u���?���G������ ��_�����:��ހ5(����/��� ���q���t� k��ۖ_��S� [��2㯯����Oz Ԣ�� �,�玧���� �e�__������nY�O�o��  ˎ��s��]=�R���ܲ� �:���+�A�}~�O��{���e� <u?��W��.:��Ο�t��J+/�r��x��|��\u���?���G������ ��_�����:��ހ5(����/��� ���q���t� k��ۖ_��S� [��2㯯����Oz Ԣ�� �,�玧���� �e�__������nY�O�o��  ˎ��s��]=�������N���B����^F�.gó��"HԆH#�� �^�@Q@Q@�L� ��K� mh��
g� 4���_�kE }1�'�H��� �[ӿ��:���� $C��-���Mvt QE W=��g��<-�߰� j�Ki��+����g�23�+���<��Æ�.���/�W~����/X��d1GW���'�q�`�{���G�u]sƾ,�񮽩���[��T��+L�a�%Pr�H��E�w��J��u?�Z���:�'��ܶq)7R\��H��� �{}P���H��?�[���J>� ����zw��GG�o�"<� �oQ� �i(�� $C��-���M ox��A�� ������Z����f��8㽴wv �2I'� �5'�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � f�B��~ i	�x�D�U��O2 ��񷪺ˑ������>��&��
�J�����w��໹.���I�N1Z_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � j�Y_�xw���W�G�4�I����_������ 	'��?��d�G�$�� ���� ��� � ������ O�&��k�76��z�ͬ�\B��H�:�-�AQ[� QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QEr�(���_�_x�C�dL�)�Y8�;���:�+������J�xZ���1�S�šh�LA�˄�&�� ���\�|1�Q��[�^x�W����@_�4�W�����α�#����Š��������җ��H�9��w���~��Xx��8���������e��e�iҧX���I�&w�W7���Z	Xx��s��cдY���.c�]/�~�)��ä�BI#�%��\H��<��ƻ�"��cH�A�TP ����5k�xg��p�ܻ��X� z��_%����@_h���òj/��h�(�(���I��-����Ѻ�$�"�w�Q��|e����!0�'�焪N?t�$�s�� ����� fX�:Z���߃�<�hn��Z�\Es����I,	����� �>Ѝ� �k��=^��� ��ݟ�<;d,4�%+o �� ,X��I$�NI'� ��X������~�Ή��q��$��j_�h�
X<Y��Ko���(A��4{�\����f��<�@���\�,> �*[��ȶc�LK���ֻ�>��Q�}��'�$�S��Ebx���
�o��h:�7%����l��%I�s\.��7�"��7v>�F��>��On�{ �G�@�Ex��+�=/�
�l���u5+��(��H��v�^h:'��Ǉ���^���T�n�׹ �gڀ=����N�9h�o�Ů����^��R�J���@��t�<m�_�>!xko-��ْ2۾��h٨�3�~>|ֈ4h���և� #��H�4�b?I�lu�祭�J���(�Q@Q@Q@Q@Q@3� 7�� t�� ru���?�{��M��'^�@Q@Q@�L� ��K� mh��
g� 4���_�kE }1�'�H��� �[ӿ��:���� $C��-���Mvt QE QE QE QE�|v� �!�����&���?�D<� bޝ� ������H��?�[���J>� ����zw��G@�Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@W37�|��3��R��$G�!�Al�: 騮O�uج�� �7�R������@��'�
�( ����M��d7�$,�4�^
\�������h���n����o%�Zxpx���jp`д���@X*��${�K�'���1�_�7�q�^"�"���@.��@�Ex��#ߴV�ƫ�� 	xF'�&�ג���bGCҐ���������<�A?z	�Soj}q`c=�h��M��xcx���=1ӬwѤ�@��'�k����>Mp����~/�S���M9Ϡ,ӡ#����g���om:W�tA"}�.`�L��R�|�}m�$��H0��Tz 8���1k�/��	\XD~�߈uX���f��iO�� h��[�'�<'���=!��M�`��zW�Q@/� � �j�����<U��os��6���01���WMᏂ�	�6cm'�:�6Kqn.dS�]͟|�
� ���$��(�aQ ��R�E QE QE QE QE QE QE QE QE b��𶿟��hڮz���)�� }�\��:|�&�Bx>:�~��u�֬���/�z��#�m��xS���=r	�!{n���^���
A��F� �_��x�/�MoC6�:���O^�k��� �����ƭ�B��ޗD���$�'��� ��];��W�ψ�>��H�E�� ������{5�z'��sU�C�l-%�֎�9m
BeU�ǽw���=���^��E�wY��0�c�'�~���\����M7S��wj�za��s�}�;��e���u��,�`�hP�#�e ����TW�� �ӆ|)�3�'��� �Y3[�L� 9���}h>�������v5���ZE��d��?R;��Q^1� 	'������8�����[kL�ap�ߥx��{�7����tѵO��/���jP;�M��|��F�$��n{P�� ���6� ܝ{5~9h����7n�3�m�s�g9�y�}�� ۾��Ӽq�����EI$O�<��\J ���(��(��?��O��%� ��Q� 3� �}� q/����>��� $C��-���Mvu�|	� �!�?����&��: (�� (�� (�� (�� �>;�����z���IG���"� �oN� �h���� $Cǟ�-�?�M%�x�Ž;� I��Ί(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(����^��֯w�]��[���<�G�$^g�?��V�u�o{Q<Gi�@��H}��Յ z���oşx#�������� ݥ�_Bm�2}��_�K�x��ݾ�n�~�ºx���n%�������\�u}'E�7�Ʃe��/ޚ��!A�f W���&�{,l��X,H ��~��;|0��]CY�o�W���z�����U$!�V�4�� e��U�k_�@gsMR�)]�( c�(��˪A�[h��]ꉫڵ��R9%��f8�������K�^��M�:.����M�8���W�� g?�zŏ
kZǄV�N��{k����h�#�@�v����x ��� ��N� |K�牋}�w�͵���Q�����3�;�'�6�����׺��8>��,A��� ���Kt���8!A��$
�= 
��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ���|=�x��vѵ^�=^	Z����`Im�	 3��z��?#� �^���o��j���a�ʟ�F�o��v��.�c<g5�/���^(𽇌ω|7��j��@59-̻ۊ� �n\��5��{��M��'^�@Q@Q@�L� ��K� mh��
g� 4���_�kE }1�'�H��� �[ӿ��:���� $C��-���Mvt QE QE QE QE�|v� �!�����&���?�D<� bޝ� ������H��?�[���J>� ����zw��G@�Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@�`�� �x��0����l��>6�Vt���K����)b�
 �*+�ƿx�)����u�o�{��iv���W�%���'��F���Q� !O�W�����-}rўb�^�h٧�(!yf�"�Y݀P=I<^q⿏
<97ٮ�ec{xNն�^����D�H�H?go
j%ώ�A��ݍ_U��V� b8ʅđ����+��	�R+�^�t��ih��}X��I4��<�/���E<L>[�̚d vp�K8�9�� �S�����Gм#l� z��zi�Lz�9F�+����TP��� �����K� ��ߡȸ��In0{�UǱ����s����/��=7I��ej����?�kQ@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@3� 7�� t�� ru���?�{��M��'^�@Q@Q@�L� ��K� mh��
g� 4���_�kE }1�'�H��� �[ӿ��:���� $C��-���Mvt��?��I�o��#�,���Q�*췱�Fچipv�$`c#�H�мw����yv���m�&LGs���!X�9q�q��G����Y�-� ��A��o�[Hu�;SvB�l��$N�� � �NI#o��x�/_�C�������j�vZ8"���8��Hĸs�y9  {%Q@Q@Q@g�o�"<� �oQ� �i(�� $C��-���M��x��ŽG� I���O��� ط��4t��E QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QX?�V���j>)���O���&�S{��P ��$���kĿ�~� Ϸ���?�9@FQ^U�s㿁�*�z/�WU�����N���0c�CAe������|�c�o�[��*{���`�?�4�Q^,� �.��1���<_�iBOc��6���M(G��Ho?h� Ƕ����n3��vԯS� ���(ګ���_�޾"�e4y�o��$���2� �q�M���G����� Yi����0��u5�x;�'�_lox+G��9Y�4��$����/�̚����៌|[�����O� m��������<R{}�� ��o�ȉ�+��������_��L�H��'�|a�V?~��Pk{3��1��j�|:�/�O��%��(��U��B�Ěꨠ�(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(�� ��� �m� �:�j����������f��(��(��?��O��%� ��Q� 3� �}� q/����>��� $C��-���Mvu�|	� �!�?����&��/����4(m�Ւ�V�������� �-�pG�P���?e�~(j��+S���a�b"ߐ��?�!O���������~��о!o�?oԴO�Gэ��2�iZq� $
H`�Aa�Q�$f��_�WP�{�C�W�+˙1�Y�2;` 2L� �Ww�D|b��n,�q��xB6�$gBB��� G��w��9���h�� (�� (�� �>;�����z���IG���"� �oN� �h���� $Cǟ�-�?�M%�x�Ž;� I��Ί(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��*9���Y�X�@K3 �'��	(�1�oǟ�>��-��o�ʖ�X7��w�$V���;���7�C��P�=�� ���w� ��k����A���5�kNҭ�����B��b2k��~5����Řtg����ϥ̿��������K����4I�K�o�׮^�I1�v��h�� iߎ �7��_·�����ƒ\X�������% .00$@��+���o�,|a�V����v��q�oj� �����PFT+��a���?�@� � �ط�6~;�������鶱i<�J�6�p�/�# I����s�}��� �_
�(�&���)��\��n��݃�X��B:��8~΋�{�ڇ���[{�f!���8@dG-�1�~@1��׾P" �  ڟE QE QE QE QE QE QE QE QE QEq>"h��7��ĖhRh������H 3��h����:����X�:d�qc}\[Ƚ��"�PEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEP�� ���6� ܝ{5x������o��׳PEPEPƟ�S?����� �Z(� ��� �>� �����@L|	� �!�?����&��:�>� ����zw��G]��|;�`�q�}�_��� Չ�/�;��l���֥�ϊ>.I<o�=O�ݾ�wm�i�<?h���]\ �x��	�Lc���pM*����4�'�>���|8����q���K� ��l
���O"���O�Vb�>
�l�f{Y5�&��h�a�&�!��T�I���z_�s�Χms� 
��7�<�kt�� $D+��	�h�h�� (�� (�� �>;�����z���IG���"� �oN� �h���� $Cǟ�-�?�M%�x�Ž;� I��Ί(��(��(��(��(��(��(��(��(��(��(��(��(��(��(������V�d��Χe�Z�ޚ�t�1�f μ�X��~�|�o�g��e��K?��]��� ��ƀ=~��6�wǿ��o�xF���牵$��~da��7��x�-�����~Z�BD�-���(H=�� �?|C�7����'�f�����3\��G�`�?�5����1�5�}���.��6vG�3�3��o�O��a.���0܃��Whn��rHyKs�Ez��� �(�M��ⳉ��'����Kx��|�Ķ!?Q����g�꒥��/x��S��ǩjO���Hc (�l�^�E `xO���O�|5�i�1��H���LX��Mo�E QE QE QE QE QE QE QE QE QE QE T�6�v�]]�EoCt�J��'�=�yO�� hO��:��<;>��Md�-��-Z���0��R��@�U��-,-$������1�%�@��Ԓ@�^/���C���Jд��k���NA��X�y`�*��Ϭ��χ�����#�����S�d�F�� (��$sҀ-x�������G�� �<q��~�k�`L�	�� ����a�w�_�S��h�����G��.��'$i@�v���9&�E�?�h���O�t�*�zAgn��}p�ט�?�O�=CP����W�qs+�+� j^�Ēp& d�x���d�_�'��1��~%�J��m��ى��X�l�Uf�@#x� `}~8�0���:��2��ڮ�l�Yb#�WA�/����8�C�_�?S�7�&�}̸Va�Ir;�5��>����^�ɴ�֙m6v���l��O�g<`^������uawow}�`�:���Y~$���|J�<A�#Wc�2�9��X1؎��w� �����k��U��u��59��c���(�h�� �_�WC9���ZhS����O����MÏ���ߴ_�����B�Ţ�oe)�N$ïj ��+ſ�Zi?/������}����qj=q,D�æ=k��ƿ�$�������Wf���J���hШ���9�Y��%��Uсz�:Ԕ QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE�?�{��M��'^�^3� 7�� t�� ru�� QE QE����i��Ŀ�֊?��O��%� ��P��x�Ž;� I���ķ�z_�u-N�O�S����xl�$=ˢ� � ��k��� $C��-���Mvt�ziߵ�p��h��y2V����d�pFq��F:
�~����V�]��յmv������3}�����c�^N`����>|D��|���+�7��(bi���`�r*U� � %@���>,k_�[uq�x:����Z��Y�$���Di���7$n��<]��( ��( ��(���� $Cǟ�-�?�M%�x�Ž;� I�����ط�� �4�|	� �!�?����&��;:(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
+������ ����o��v�����@$ �� FN1����H|� ���� �� �t�4W?�_�k�ּ)�C�X	Z4a���0y4x�ƾ�ox�J�7��Dw�9c�4�Q^-'����5���	x��2��&Ӵ��G�P�|M3���+o�Y�O�Փ癤:��zcn!?�9�if
1 �'�^{�?��|$���=1�m�-����t
R ��+�����D�|}������zm,��D�>��^���r(�ǅ4�-�Ǜ��O�B�Ě ����$~|��N>K�zD�m���bY��`�A��^*���V��+W��^�2HG��1ܧ�r3^�E y��;|6��]K�ڧ�u1ɼ��%۟\�!}�ר��V��Y%�����֩�`��b�}@�PEPEPEPEPEPEPEPEPEPEPEPEEq46�<�ʑD����
�u$�����?��]��+L��|U���� [��\�>L�l�P�T7S�ko%����jY䑂��ܓ�Z�S����hѾi��^k�}���fXa�����k�?i���_|Q񏈼}t�7�wp��(ú[�@^{d���\�h�����q��I�o�<_����vٯds���u�����u��Ƽh���i���X������D�b��\v����ׇ�1`,<;�i�M����"��h>�נ���4]Z�5��*���T��ܴh}R�2�l��^��h>�Ɵ��O�mF?sgn�)#�
O��h��(��(��(��(��(���=�/�7��|��r>wK=�m'=H|n�k���<jo���6�4���G�.�ɡkSE���ǰ�� ����d�W�~������?Y�!��^�E x��%� ��|,мI
� �����=V)����h�O���ƾ�4���'���^=����)��3�� �x��]��ܲ}�~ډ1� �nC��ق�9��|'�k�b���A������#�� �D�Z�?�|3��	�_�|Ô�L�d0}$ݸ{dP�Q^.|#�@h����� D�r��I��nw7���� ���աq�o�K���z�ú�K�z@�9���������J�x�����c�b�tY�$�P0REw��� �<Q�x{��&���c����ϡ@w�@4�QE QE QE QE QE QE QE QE QE QE QE QE QEq?<r~�6�<Z�U֨��pB	��3��P	=���� ���6� ܝ{5~R���?�/�Y\����q�,G��3�+m�z�_�<z� �i�,}&�K���T�.�ѓ��'8>�A��(��(��?��O��%� ��Q� 3� �}� q/����>��� $C��-���Mvu�|	� �!�?����&��: ���7�~[|Lo|e�ڭ�T]@����u��"B]��I �������}�����G�._A�/�1-јX\HRH�L��
o�Ns���� k_��?��U_����hڥ���m!�u2�@�p	�1������c�.�߭|L������z�~Uƥ:�a;G�Pl�F0O  {�y7��xO���x3�w��T��k7!V��5��|پ^#*X��5�~ѿ�A|s� `;��h'�?�<X,<��ZY���[����%K8b�I4�>�ܨ �泼-��x'�z� �~#떾%��Z�ig$��Y��%;)ۂ8����_�}�x^�_���t])��W�����\�"�� IUd\�8���;�_�^3�>��%��ë�۟��S@�Gusp��FU I�(�'ƍ����i7ZǑw}�h��Aie3(��w���	�s� W�j�� ����u���~Y����Y|}skk�_iXʦ�aE�y$+�FK	�##���cP��� ~T���M��w�?a���4����9��岴E���08���]x�þ�<1�4	��K{v2�^8�Pw�1�1�ݫɿh������O.�� ���ç�\n�	��u�j ����
����ik�`�-c8��|7�è2�ե�ڲ��$� �	 �W�xOJ��|M7�� �i��5,�-g_���w@�H8�(�+�a����D�6��o ����v� � ���� �0����W����h�.��\bQ׏�P����ڠ{��I�28PO��9���3$�Ɵc�=���^[���2'ܾB���~FR*x� fς1���
Ԑ��^\�����Ҁ=OxJ$i$�F���,ͨD �-�U?� �Kx�� �:���r	�;|G� ӉW�3,�gЂ�#���V?�@|� �{�� ��>�����=�{P��-����R�� ��o�.�7Ɵ���O�o:�Q�����_�� �'~� Y�� Ǩ���� g��[O�� �/�4��������� ��ڀ3����v)Lm�C%x;f,?�5R�+��o��<�uH�q��#���/�^�%�/[F�'�]�����==�ݷ��/m�o��)���R�U���{t������n@�Č�/O��~%b8����ş���r�o�]����!�zu��t�PV�_B_8��	�-�?O�z{T��v_��S� [�� �N㯧����Oj ���io�2����:�Phw%���`}h� ���[|����̧��/�Y����S�ò� �ڟ��7�Bw}>� O�z{Q��e� =�?��o���:�}������,� ���O�;��#������|�M/�/������� ��_�v_��S� [�� �N㯧����Oj?��綧���� ���_O���������ޣ�o��{�徐|a�����G���Rr�j�?�;/���� ���'q����� g���v_��S� [�� �N㯧����Oj �{�����Q�x[�w���;xg�6�_\��pJ�lNW���W˕�1�V|�~)i��������Y� ���XH�É1�� ���b����g�\� �= u��Ýc��
o%��7�t-	uy�}/Fu�i_ʈ��� �\cד_E�K�GM��_Y�ޓ���2oef��e,����1�!�>|9���%�"��}RK��e����j������#�+�� ��綧���� ���_O�������q��,h�U  @ �RV_������ �����������ڏ�;/���� ���'q����� g�� jQY�v_��S� [�� �N㯧����Oj?��綧���� ���_O�������Ee� a��mO�o�� !;�����==��ò� �ڟ��7�Bw}>� O�z{P����e� =�?��o���:�}���������{j�|��	�u���?���@�V_������ �����������ڏ�;/���� ���'q����� g�� jQY�v_��S� [�� �N㯧����Oj?��綧���� ���_O�������Ee� a��mO�o�� !;�����==��ò� �ڟ��7�Bw}>� O�z{P����e� =�?��o���:�}���������{j�|��	�u���?���@�V_������ �����������ڏ�;/���� ���'q����� g�� jQY�v_��S� [�� �N㯧����Oj?��綧���� ���_O�������Ee� a��mO�o�� !;�����==��ò� �ڟ��7�Bw}>� O�z{P����e� =�?��o���:�}���������{j�|��	�u���?���@�VK�����RUf$�wz���� ��ڼ��>xv�i���U��f�zi�������l}����{P��sIQ4��� ,�� ԓ�
���k���O?���������.O����C�Â��e�=Ŭ�_�^?�O��sg-��؂NN!F���`1�(wş�hW�ٖ���%�ؕ�N� 7�9@)��0Xֱ��>x��E�i^�_���k���n��og{�z�~�3¶�e�΍��H$e���-����#ڶ��綧���� ���_O��������|��fK��~7���1��si`
��@?�`��~�<-c�hZv�nq�;Ku�1� }�MK��e� =�?��o���:�}���������{j�|��	�u���?���@�V_������ �����������ڏ�;/���� ���'q����� g�� jQY�v_��S� [�� �N㯧����Oj?��綧���� ���_O�������Ee� a��mO�o�� !;�����==��ò� �ڟ��7�Bw}>� O�z{P����e� =�?��o���:�}���������{j�|��	�u���?���@�V_������ �����������ڏ�;/���� ���'q����� g�� jQY�v_��S� [�� �N㯧����Oj?��綧���� ���_O�������Ee� a��mO�o�� !;�����==��ò� �ڟ��7�Bw}>� O�z{P����e� =�?��o���:�}���������{j�|��	�u���?���@�V_������ �����������ڏ�;/���� ���'q����� g�� jQY�v_��S� [�� �N㯧����Oj?��綧���� ���_O�������Ee� a��mO�o�� !;�����==��ò� �ڟ��7�Bw}>� O�z{P����e� =�?��o���:�}���������{j�|��	�u���?���@�V_������ �����������ڏ�;/���� ���'q����� g�� _��+��Icq�GP�G��\��	|'�!vռ�4��嶃��7�x��}�]������ �����������ڏ�;/���� ���'q����� g�� y_�((4���� |y�>�z���Xd?��h�o�� ��ox��gL{)��ܕϹ�k�?��綧���� ���_O������a��mO�o�� !;�����==��� �h�Rи�w��fX��\�v�-C��0��NiG�+�e]n�Y���Q4�a�t���2T|�I� ��5��v_��S� [�� �N㯧����Oj�����}煴�x3�*֠��k�F{T��D	��,w`���M G�'~�2�g�to�֍s3�A�D�"��5�c��H�I�<W�w�W��;�{��ߺ�7��������-Z���^-��	�G��C��2�	F�gs�_xY��u]6���ck��v�ﮣ�"�	F(���E {M�_�Ϳ�$��ĺ`-�-uە�:\�;w�? m!� ����@;���BU�$9�Ҁ=���>�� ?��<�A�i�>�:�|��8�� d�U���6��*���ތ���eo�8ǵ {������	�?�j[\H>��;�����p:���>��t�>���ޠ�M���ڴR�r�c��q�@�ExA���lO���I�?}���wr3����Oe�;��~+@�a��(�4_��:�`z!��P��^>&���K�ň�{��.�zba���OjA��P��O�?t�����N�]��'l��8�8��x������9�5��;_�o�[�k�����x���W��7�� ������ }{}>�9��ڀ=���O��c����$�y⇏���q��A�[�zπo-<gip|�� ����{q)������QX��f�r�����Q/�Z=Vv�2$���Oj����{j�|��	�u���?���@�V_������ �����������ڸo��2���[xo&ֵ-n�l�5��q%�䧀C�=I�G`N �G��Ѯu�wQ�Ӵ�d�5��~=I< 2I� �^+=��=��iF� �� ��&�e٨k���?�a��	a�	Q'�~�^7�#�_�ye�/��xR;�f�����1c�Ɏ����A�T
��@	<��q���� w�����$���������=��#�������$��#����P����>\���,����!���8-�c�(�*"  P � �W�[>�����/\�q�I��V2�� 0��ď�Km ��{� QE QE |i� 3� �}� q/�����)�������������"� �oN� �h������GO��L����/w5�������Fq�W;�'�H��� �[ӿ��:���}���^ �����++i��^ȉI�eD���B���0Xw��཯�</�Cj�	���ƞ��IU!�T,�q��H�9��`�~��~ϲ���O��TмW����o�I��(���� 6\b�~�7� m��GG�e{�jz�ũ������K������Ԑ�d���`�(��
(��
(��<���υ��3�^8�� 	 ү�v��*>Ұ��6	gp��'9&�� ���j�<�C���R�Ѭ�.&mF���Gf�%ۂĜ�q�q^����H��?�[���J>� ����zw��G@�xsĚ��6�uw��)�i廟I�aeS�A� �q^{�f�@T�?h���W��q����~�.!Q�q��FJpI�d��5��ѴR"�8*�� ��� ����/4��� �^9��-�>x�е���C�|nX6U����*���|)�i��O����ӯ[���8�,}=�o|mV������F�!�qd�d��O��tC�2$��h��uH|7�@oj�7��ɤޟX��FH�k�R��q�|�~���e�]�n5�\��S�w>�����;�~1�/�m���s��d�q���`�)�I��%�E��
�<����"���"�g����SI�����~�ǵ��@���?Z����ş�uS�]��d����=3�i��?�W�� jxS��<�_�k�^���$��=Ns�@�Exͷ���+���΋�]����ȱ3�"{�
��x��>)�7����Y��]�P��}� m�E QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QX��|1��u�iXM��p�� ��_������փu�T�x{�N�f�0�- x�8u�B)9 �#�4�5�(,� $�xU��o�_�`��s�?��5�,��ωn�2F�!��"H�I ��7�&a7ŏ��"�v�_M���?N��98�A?�����~���.���U4�3{;�긏*�����3���C���m<����^)���{�T������קx3�>�m�ټ-��7HB0�� �� ��c��k��O����D�����~2bC6��`ӳ���A8�A#���� x;¾����=��`�-��>;��>�[�PEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPEPT/�}&� q���n�O�n��t�A��P+{�����&��~�%�6����y<���߄7G���<����E�� @����P���4���E�BC"}ǇQ������9�����1�����K�c��i?�2O<�=���A�i~��u�sP�Ӵ�T/5��{�ܞ �@&�NMO����xz]C�����U*c�5��V Fb���#$z�� <��:�׋�~�I�������_�iP���6þC�؇ �"�O��!�u�|Mi�\'��Gs�ϧ�s# B�IeS� �8�m�?��=�A�xcK�N��qc�lr�ǖc�I$�V� x�x㝱o�|y��x
�~�ʏR����������^ �<u��?O��'{�&x��'�8�3�8�ڹ/����$x.��z��gau$o+XJ���0RYX�	��?3���♾1��9�C���"<�x /�$���$��O5���i�.��m"_2�R�K��<�#�>��;E|�� ���h��W?��&��� �K�o��Lh�����ϓ�f�q�9�+ꏄ����^�º�yc�M_̲H��HU@\�������E QE����i��Ŀ�֊?��O��%� ��P��x�Ž;� I��θρ?�D<� bޝ� ���E�=>m[����os��yk,�۱[��Q"A��9�� |�㫯xC���G�<?�N������]4�o�8����b��d�Ɍ����5�ox�����n�j��*�܉� ��Ns�=9��g���|G� ����u� 	~�������Wž-�[F�[=V��� �7 �:1�U��( ��( ��(���� $Cǟ�-�?�M%�x�Ž;� I�����ط�� �4�|	� �!�?����&��;:(��
�״�/]ҧ���>�P��]����$�Ǹ9CۭhQ@?���7�����}3q�_	kR�����-�'t'�8$�WA��:��
������.\��`�OC�,�{�pH�J���¾<�N���S���d�"�7d>��~(���,�>����?�c� �N�0]V�hf�( p�3� ��e�W��#����[|��"�3����<�	\���@�ݽ�մ��0�<2.92�� �Gּ�� >k�"�xZ"�Nc���k)#o�
O��J� �O�V<3�x�&�y}�ڭ균3�@���>5x`m��H��t�����v�O��zW�Q@K���� �ѧ�z�ǆ5!��z���:g���`��U��f�a�٥�}m{l� rkyVDo�A�5�D���״m?U�9���L��0"��R��~ǿ��
�[���S��?T$�=��TW��-�� ��>������9[O��	B�	�9v�-���P��i������XF�~� Ct�����l ������^s��� 
�T�/ƚdw%����ͤۻ�IB�G�k���2��FA9�QE QE QE QE QE QEsz�<��ߌ45����F�3�N;h����S����Nm��W��u�0i�Sܳ�@Q
���Q���R���>"����\i�gn��D�7N��=h٨�,��5��|(����}�5�|\q��.G��h� �o���� �%�'���h�#]����=��@�U�o-l`3���m
��g���;W�� �5.|O���~�X^%�M�U�u�>��=�����;�u�xz�Y�~��\\1���PC��d�W�o����ގ+��~R2H>خ]� i��go��<S�����=0���ڻ��π42���'ö.�6%l�ܓ�5�*��U  8 p(��ŏ������Q2�����n�HrǦI{w��g�)�Ǿ����17_�]\^N����BGC�=+��� �y�U?�=���q�޷Ѵ!Ǹ��Ӡ��~�z�ω�u�Ļ�Ǩk�#�@�x�s^�E x��>|<��5i���D�5����>A�Я9!&�� ����O�/�wf,��$����'��W��?���#xC�����ar�ɻ�fh,�|�`�H�����Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@p� ~&xw�핸�����l�4{�//d' "q�NI ��:���j>!��_	,!��#�oo�� ĻG�Zi����H*v~|)Ӽ}?�5���x��ӵ���#��^�G�(� '  ��ᯉ>!�V�/���40?���B�ee��q<��ʎG ��*"�(UP  ` :S��(��(�� ��� �m� �:�j����������f��(��(��?��O��%� ��Q� 3� �}� q/����>��� $C��-���Mvu�|	� �!�?����&��: (�� (�� (�� (�� �>;�����z���IG���"� �oN� �h���� $Cǟ�-�?�M%�x�Ž;� I��Ί(��(��(��/��
<!���S���[���ִ����
ʼ�;�8 �]��_�|Y�M��ia7�	���4��6�;�[� �� $�N+��	�Ox�E]cݮ�hq���<D��t8d>������_t=[Zo�?Q��G�FH�4�g$���J���	�H�U��:�ⷋ�\G�|l�E�p��G����'�@7���I� f��F�t�kM�S�5mB�u�Ŵ�H�z��@h�� (�� �<a�x�x�F��1��Z��i �?+��|�4W3|9񿋼���Z_�ŞچRws���{U�i
�xG�%�yN�}&>����@Y�g����x,��u5����� wc�}+��RQ@���"x�*�����H��a�7+��d���|<��x��o�~[D��0�]�2/3����ǌ����?l��o��_k��ѿ�"��Z�A����e-R���	
�	����uK{�^ex�q1L�3)�:�FA �s�@�����iyڮ�g�łw�α.�+��~:� �w}���!\�ZO��1׈��W/�����w�:_�t�éE��%�M�]Mr� p�܍����W�h^�~���~���� �i�BA�*���@q� �;�G��-���J�sГ&���O�Y�S� ���F(ۤ�ε���;��g��<gg�/���<5vE���^��}8����w�=S�F?�:�S�=I���=��ߓ�OJ�j(�O���{�<Q����`�ƿ<���
v��Mtz�/��)_��=���͠�a�Pe�A��k��
�n���}�M�����y�±�� n�( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ���?<+�D��^yno.�m��nA�`�� P:��pI� z5��?h>6𽟉<7|��u��X}�n�㪰<z}1[� QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QEq?�%xs��/�I5ީx�^��٧�w{!8q��x3� ��_L�t��_Y�����C$��DE�?�I k����m��F�����p���C����[e#1Dzo#'ߕ�z�|H���[��K8d��M����rzO.:���t%G�ĉkj �  `�@����|��4�p���1�v��ǖc��I=@o�E QE QE QE x������o��׳W�� ���6� ܝ{5 QE QE |i� 3� �}� q/�����)�������������"� �oN� �h볮3�O��� ط��4u��EPEPEPEP���H��?�[���J>� ����zw��GG�o�"<� �oQ� �i(�� $C��-���M vtQE QE QE QE QE CuV�[���ȥ^92���<Gc^9�|��֩?�~x��GP���<�ˤ^�F��(������״�@;῍�i��>�����]~C��}�m�������@$�+��utWF��J��.��x�G�G��i�XL1%��AО�Ќ�F�1^?'ß�$kσ������s�G[��j;�[�s�V8�$���t������_x�U>�`��#��C��ɘ�� <��J$�pze QE QE c���>�5�V�$�������=B�;�F#���q�Eb§�Y� D����"�� �+���)�:v��i��U���c���%�(�9ª� �<W(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(�n� ���.��Te�W
��O�&��/�c�W�]O��Iᢊ�f�B��G�+�?�g�����?�A��?Yp$�P�Q^3� ���Ǉ>��D�.u�j]��L@>��1ޏ�~�z�� J���X[��l罙G��B��=����Z�ۛ�ۨ-�_�$�Q�$�^C� 
s�:��~9x��?}4��KG�����N*{?ٿ�:\�WF������jڜ�y� �S�P���6��j?4��-��Ïb�n �b���h�
j�)x_�.��}'A��sЖ�f�#�&����?������r�O�8�K�8�Mt��-��>�Ǉ���M�nu�rq��־-��|)�GE���Lww��oyk!��(� ��ݙ���9��8�Ox_��1Ф��M��j�t���Τ�ÐA#�pH�M |5�#�|L�x�7_
��S��.��`Y�VQ�2�X6�.g�>����ώe���?�7mm>�6�J���|A�����������KX#���8���   p  r�>xǈ�)�>0.�yw�P� zg���^� 
��W�Ǚ��u�Ś�E�R�|vU�q$j; >���]~$���~-�5�4W�k:H�~���1O�1��r}��(�o�:��l���_�ں��o02 � m#�t� QE QE QE QE QE QE QE QE QE QE QE QE QTu�WN�4��WW�����M�\N�w$�+�g�<o��g��l���vIK�}��}��8e�R3g�������W�.�C7�������k��]1� �~�	9y�8��yN�¿�6>�&�>��O�ޏ��n�Au�p/H� ��:��;Þ��:���t�(�!ZV���c�I$�� ���
(��
(��
(��
(��
(��<g�o{�����٫������N���
(��
(��>4� ��� �>� �����G���i��Ŀ�֊ �c�O��� ط��4u���'�H��� �[ӿ��:�� ��( ��( ��( ��(���� $Cǟ�-�?�M%�x�Ž;� I�����ط�� �4�|	� �!�?����&��;:(��
(��
(��
(��
(��
(��
(��9_���#�J���V���L�۟�G"��9q^hl�0|%9�&����������6h;#�� v#q�  �{���4����V�?�u0א�ޝr��R�#���##<k��;�����^8��W�+��v���\���:������q��|Q�R_�����x�F��sn��հ= � 9$�P��X~�_�|c�Ǭ�cX��ld�$����(ޡ�#ҷ( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ���H��E�4�؀I$� ���&��q�_ml|!�[���Ǩ\6C��`9ª������֟��xz�[o�PAu�a���3٢� �F;zsX��G�:�f��0��Ų��/E�瘓� �I郏z �J+Ƈ�/������׌g�����z�;���'��Jk<<� �-q�����}��g����٪)�Zi�H�A�w` ��x��O�W��?�Q*��4;84͠���<����8|3�E��k�(�S�6���Ls�r*�=E u^ ����A����B���K�A�  B[��I�h�^�Ӽ]����.�<�ǡp���^��x�ÿ�m����1�T���8��X�&��UU
�   x����_W� �g�^�m��\ՠ���b����'�q6���°7O�A=��g�y�=��^�E x��E�W�F���0��,4Xa�ǰ?�Ik�7�,3-ε��#�S�>���N�)�|��(���ß �x�x/��<�t�������MuTQ@Q@Q@Q@Q@Q@! ��ih�0�����)���}��;�S�d6w(���|���\���ǿ�ox�M�����O�~E��p���B�{������^G�|M�ƽ�� Pc�>�nf���#��ï$�Z��Y�5�=5T����������є���څ���g%���vҍ�C<a�ǡR#�^M��Ϟ�ѓX�E��a�7ц'=��IB��Ps� {�� l��<	�����O�c�=�v�g$�s`crI�޵�/�@|<�5�k�W���7��"�6r�p���͓�@�EE�O
M�,nWC��� �����(��(��(��(��(��(��(��(����<7��L�mbY�u����*�<ۻ�	�H��H��3�� �W���2��^��|\8�����	����q9$y�:?>��cR��~$ԥ�O���/Y�Q����N�F3�	�  s:'ÿ�Mխ�S�R6i��M���{�?�I�ǁ��	Q���1$QF�ƀ*����  % QE QE QE QE QE QE�?�{��M��'^�^3� 7�� t�� ru�� QE QE����i��Ŀ�֊?��O��%� ��P��x�Ž;� I��θρ?�D<� bޝ� ���g@Q@Q@Q@Q@g�o�"<� �oQ� �i(�� $C��-���M��x��ŽG� I���O��� ط��4t��E QE QE QE QE QE QE QE QE�2�%�O�K⿇ڭρ<TrZ�NQ�k�����?#�rI�999��a�{�^��F����+7��t�y����o�,}s����ik�Y�ekլ�RXf�::���} 7L���� ��o-�l�@��o �9�*��G�4�� y�&��b+ɑ���d3����	���=�p���V��i_��7Z/���$���*��H�i�   5��� �7�ę|uo��}��I�R[�%/���q��G��� � ~��^#��k񦹤�j:����u�\\Cn�9�J��$�0j��'���O�Z.AY.�YlK:E$�� � {%�cV��n���4Ӓ3y�\K�C���;�>ԃO���?���?��Fجn��A�a�랝�z �Z+�� ���v3q�NӎA�g�H%9��zg�ҏ�T���'���R�~�emlp}6���۵ {%�_��п�4���^�pç�$>\G �T�;�y�?�����:�ߊ�RH$�k�Id�'� Պ ����+$�ywol�'2�`u<��a_|A��ۼm�P $ͪ@����Y~Ϳ�[t^�s�w��.f��|�#ۥnX��KfC���-���i����?� 2��w�+2D�|8�v��ޤ�� �	�ߥa\~��"q��.%`vGo��JX��ldd���X��V>��� b6�t(�ڶ���퐥�B��hg� u�<��3���z7��~2�b����g��G�/K����|U��yt!0=�i2*�J(����ۮ4π^ ����b��dt�bp=� �'�&?��7��L$d�E6� �h3��;���P������ba�~iːqus{1��>@#ׁ@пh��.|w�m79���@#����ۧ�zW�Q@4~|m�_�ߏ�a����������K� 
w��D�O㯏$;�� ChmF{��{�޽�� �K���D�쥲��#�O� �7K�� ���=�8���&~�><���O�zmƳ�)M�Q�&A��Dd�' �A�L��	��?�1W�v����lIy�\[,�_r�(���O`=�$X�c�B���� � ���@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@cx���N�l<I�����$Gwn�'������(�&����>��^�L��g���Ncטe$�y�'�R�y��'��E�5>���9������A v�p��<��>��U��<Kj��;[N�͵ҷu���<���5�x� Ꮐ�{_�_O�%+�rc��z	P�� ��|)�����|,��w%�sE�B��lvU�25�Q�y4�4W��>(���-|4մh�ִo��}�����:W��#Ǿ��|)�M7VP�� �P��p���@5Q@Q@Q@Q@W�K�7���1�ks�=��yve�y�w�E��@$����O�jZ~��\jz������'��@�ƣ�$�x��"���O�4�����׈�C��O1��y��LTϣ�>�W�-N��� c[M'i~�B�DG+%���c�>��2�^�Q��0F�E�D@�  � 8�� x3�~��Z��Ȭm�b9�g��1���$�� PEPEPEPEPEPEPEP�� ���6� ܝ{5x������o��׳PEPEPƟ�S?����� �Z(� ��� �>� �����@L|	� �!�?����&��:�>� ����zw��G]� QE QE QE QE q���x��ŽG� I���O��� ط��4t|v� �!�����&���?�D<� bޝ� ���gEPEPEPEPEPEPEPEPEPEP�4}3�5ދ�X�}�^Fb���r����=��|����F�׆�(]x�U�]cA��K���&Hrs���8C����0A�v� OjZ(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(���3�����+��ћAF�	d��y��9ݔ�c��zm����|y�/��_i�>�Ӧ��41^�[�?;W {T�?����Ǧ�O�����h��=����`��$ =kڪ�����������[�6�чG�AZ ��kz>��&���:�����'Yc?FREh׏k��炟R}c��Z����� ���#o@��y< ������#b��D�����[b4�H(�P�6��X����(�%����R�?�./��������ٸ>��!��}+ԅճZ}�\Dm�y�pq�f3�=1�sҀ,Q\�~0�9�m��s������پ�,��* ������8?��	?��i��]3�^xW�a�w~'x�]� 2Y��E<�)�v�H��?���K�/��d~(�1p۱c�)�̹�p��9$c��o�.�Qk�VOx�S��^8�_��^�F!�V��$ `A=��>�#�^��z����T���y$s˱�=8  :Z (�� (�� (�� (�� (�� (�� (�� (�� (�� ����������f�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(���>'x�N��#�u7V���qY�g�@&��Y	
���q��}�o�V��lu��O�3�}��m�����c��d��{n ��=h�(�-�?�� ��ĶzѼQ�>����cKkk}L�09'w�2 �F9�J�8ώ��D<y� bޣ� ��Q�'�H��� �[ӿ��:>;�����z���IG���"� �oN� �h����( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��(�����t�x�D�խq���� ���`������Q�|9��j?d�,<t���[�sId�*�"N#<�I#$ <��P�Aռ���4��H�P��F �A��!��E׼C�M3H�ޖ���5��d�<R`�JX�[<c9�֍��,�� ���8$��
0P
�`9 p�|/�I�_�׺��4�kq��^Y$r��d����$�c���(��(��(��(��(��(��(��(��(��(�� ��� �m� �:�j����������f��(��(��?��O��%� ��Q� 3� �}� q/����>��� $C��-���Mvu�|	� �!�?����&��: (�� (�� �ώ���mS�zo��M�hz�����_�'̖C.����9���A I)�ê�@м/⿇�7����G�ՠբ���E�_��M�mbA�rz{�Ŀh~?�m��i5;�+�sc�i��9@#|R ppNA221���~���{��o\�}�S�׮���� Dρ� � �I8 ����������^�&z_���8�w������^�^Y����,�����\}42�6�Ʀ�6�`#i!o�p	$�9�N�<�����|1��6:�6�|=z$��Y�;�Cl�Ȅ[2�9��@8+�!�y���I���+��%�볙�b�6���C�TH@9 �d����x��ŽG� I���O��� ط��4t���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E e��� �t���� ���������ޏ?_� �n��������=}�{֥���� ��?�c�B�?�����Oz<����g���A���������Z�P_��� �7L� Y��?�������=���� ���1� !���� S�ۧ�jQ@~~�� @�3�f?� � s���z�t����� �������{�O_n���E x��޿��'�`��� �]��)̀����$���x���o�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(��(��(�3���ط�� �4�|	� �!�?����&�����D<y� bޣ� ��Q�'�H��� �[ӿ��: �袊 (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� ����������f�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(��(��(�3���ط�� �4�|	� �!�?����&�����D<y� bޣ� ��Q�'�H��� �[ӿ��: �袊 (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� ����������f�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(��(��(�3���ط�� �4�|	� �!�?����&�����D<y� bޣ� ��Q�'�H��� �[ӿ��: �袊 (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� ����������f�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(��(��(�3���ط�� �4�|	� �!�?����&�����D<y� bޣ� ��Q�'�H��� �[ӿ��: �袊 (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� ����������f�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(��(��(�3���ط�� �4�|	� �!�?����&�����D<y� bޣ� ��Q�'�H��� �[ӿ��: �袊 (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� ����������f�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(��(��(�3���ط�� �4�|	� �!�?����&�����D<y� bޣ� ��Q�'�H��� �[ӿ��: �袊 (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� ����������f�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(��(��(�3���ط�� �4�|	� �!�?����&�����D<y� bޣ� ��Q�'�H��� �[ӿ��: �袊 (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� (�� ����������f�� ��� �m� �:�j (�� (�� ���
g� 4���_�kE�S?����� �Z(鏁?�D<� bޝ� ���g\g���"� �oN� �h볠�(��(��+�ڼ��6��B��Ӵˋ�R3�L㏨��+�c�֟��v_4�OVo[Z���ڼ�ҹ��Q��H�l1�b� 0 ����X�<j���?� q���x��ŽG� I���O��� ط��4t|v� �!�����&���?~�|�]�� �/	�]��~�)��Y�I"u�@��\��# � {����Y� E/���=�� ��� �����_�?�{m� ��gEq��>�K�g�m���?�l|,� �������t��\g�-����R�� ��o�.��[?��3� ���] vtW� c�g������ �������)~� ���� @�����Y� E/���=�� ��� �����_�?�{m� ��gEq��>�K�g�m���?�l|,� �������t��\g�-����R�� ��o�.��[?��3� ���] vtW� c�g������ �������)~� ���� @�����Y� E/���=�� ��� �����_�?�{m� ��gEq��>�K�g�m���?�l|,� �������t��\g�-����R�� ��o�.�<5���:׊aԾ"xF;[]U"��{t[�+g,��<�n�#�p =J��?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��Ί�?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��Ί�?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� X���?�l!����M��Mu(��ʭ�Kh!R�𤤗.y�O;N =J��?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��Ί�?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��Ί�?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� X>2xO����=��3�6�U��G��J�p�1�B%�` Pzw�R����[?��3� ���]�>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��Ί�?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��Ί�?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��Ί���c�%�q6����.�����dۥ��n�.2+�@��s[� �>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��Ί�?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��Ί�?�l|,� �������t���Y� E/���=�� �������[?��3� ���]�>�K�g�m��� ��3�����)~� ���� G�-����R�� ��o�.�;:+�� �����_�?�{m� ��� c�g������ ��3�o{�����٫�|7�ğ�k�xw\�5�H���{��5q��P� �q���
(��
(��>4� ��� �>� �����G���i��Ŀ�֊ �c�O��� ط��4u���'�H��� �[ӿ��:�� ��( ��( ��iV��o�ZKk)'d�T�}��k�����7Z��{���y��N�5I'��⹟�<���w�m�9mg�ʒx��H��r@��9�(o�h�|a��]�Γi�����)�SGvP����c�YT[��A���B� ��^y��l�W����CL�Ƴ�RYH��jJTF� V9��ukLӵ=7M�����9^;8�3
!w� �T�I8� �e� �&��>���'�z��	.ot�f��  YԒ  a\�Ï����y�|8�վ�k��i6һ\,H%,�N�X6[''����>�>3>�<gaq����V@�88ڒ��'��{f��x�C�̈́W�����1Z�ϒd�F��I$� �N $ a� §�Y� D����"�� �(� �O�����?�Em� �WE�-cN���w�j�?f����<�ʁ�
��$� $� $�'���>�wQ���{��bg�%���*�I$��p'  1?�S�,� �i���[�§�Y� D����"�� �+G��3�߁<<� �^�4�5$H�c�|�p TR�>²>�X��{��ok� ڒ�"����xv$�A��ho�T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��μ�J���S��e���'�Ć�+�yR�7l�bI�h� �*���M<� �+o�"��T� ?�x3� V��ER���o�^	�^�?�m4�N@�����
!�~r89��uZ��tm'�r���P�t���0eS ��/����g4�� 
��g�O���� ���|o���]O�Ǆ���VIt�&�l�mŕ��i�<����%��d����7�/���,���9B��b�Cl`�Q� ����Nk�mF�iGV7��O�~�n������7�v���1� 
��g�O���� ���?���&�� ��� ]���/�z�����:�5��7��p���j-+�Z.��ɯ�j1.30{��5�$�K���t d4�� 
��g�O���� ���?���&�� ��� [�7��]_���(��"�G���Twni�`��x@ �N0+��G�_�^5�$��ǋm5R0�A������Bɀ	�	�Ӛ �� 
��g�O���� ���?���&�� ��� ]��§�Y� D����"�� �(� �O�����?�Em� �WgE q����4�g�����?�S�,� �i���[���@g�*���M<� �+o�"��T� ?�x3� V��EvtP� 
��g�O���� ���?���&�� ��� ]��§�Y� D����"�� �(� �O�����?�Em� �WgE q����4�g�����?�S�,� �i���[����ό����^*�e����,9$(	 (�Fr�1�A� �� 
��g�O���� ���?���&�� ��� Rx��O���Zk�'�%����>�"���ifq�	 ��Z^
�_�|i�C�x_V���ىU�,�0�U��U�FA ��('�?���&�� ��� \������=���ƋI����l�<�fSo�B%� ��݃��O��9��~&��L�����F�R�nQ�F�]�e#pc8 ��x�þ4�!׼/�[�zlĪ�Fc*�@*�# �FG�� 
��g�O���� ���?���&�� ��� [���=n� U��5�'�n��ǒ!��}���F@' ����Λw���v�^e��R]F#lD%ݳ,F�HF8�0H ��s����4�g�����?�S�,� �i���[���x�C֯�['Q��}"�Z߬y"J�ٜ`����@�'��>#�a��G�U�� ��S�,� �i���[�§�Y� D����"�� �+��ukwC�ִ���X_[�ʹ�7��[�*� q����4�g�����?�S�,� �i���[���@g�*���M<� �+o�"��T� ?�x3� V��EvtP� 
��g�O���� ���?���&�� ��� ]��§�Y� D����"�� �(� �O�����?�Em� �WgE q����4�g�����?�S�,� �i���[���@g�*���M<� �+o�"��T� ?�x3� V��Evu��/�������[}3M�攒2z( �{ 	=� c� §�Y� D����"�� �(� �O�����?�Em� �T����hz��|Ig{�Yd��ۡ�8 �dY����gx�'�Ok�h^�e�����T�3��JD�c?!<sӚ �� 
��g�O���� ���?���|<�%��~xJ=j�I��Oxt�h�n'}�aW���F3]���t[\�7��v�kc&��@BGmy�ڠH'��H��	�᧎��/x��P�b�*X���%��@1���9�� \� �O�����?�Em� �Q� 
��g�O���� ���k�z&��iZn���oy��kK� R�   I� ���泧h��K��yuw�Fs$ҰT@�<��d� $ s����4�g�����?�S�,� �i���[���x�Dѵ-+M����5{�ma�y�
\� $ �8 ������ �=�!Լc���V�I�Ž^G���T@]���#8Ƞ
����4�g�����?�S�,� �i���[����wƚ:���k}OM��Y���eYHXdd��h�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+��nf���K��H���#�UE$�x  I&�9/�T� ?�x3� V��E���4�g��������_<m�)�?�Y�:�!��G$e��Le�	 �$�<sҡվ6�,�|i� v��K5��B�Ǝ��
cF,<(G�?���&�� ��� G�*���M<� �+o�"�sYӴHm���<�����#9�iX* 
	�O@2I 8�[�o��'Ɵ��j>4��ZYD/	Ih��P�4aЂ�����(x��l�K��߇��mJX̚M����{;ۀv�F�� .0:�T� ?�x3� V��Et&�4�h7���}��e��yI�(� �I� 	$�$
�u5�Ψ�
�b<�� G�v�@�<�/� 
��g�O���� ���?���&�� ��� Z��-�헂��4����Akzn�G��C)�@|�F� ������DѼ7/��mN"(D�]\6�Tl`�� �I �P�*���M<� �+o�"��T� ?�x3� V��E7��? �E7K��[j���4>\�ʠ���"��pg���h�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������3�?���&�� ��� G�*���M<� �+o�"�:(�� �O�����?�Em� �Q� 
��g�O���� ��Ί �?�S�,� �i���[�§�Y� D����"�� �+���8��T� ?�x3� V��E���4�g�������|h�_���|�����Z.#h_dnz+�Ƈ٘�����J���� ��ְ��Ķ�\�JZ|�'��n)��#$ H � ��?���&�� ��� G�*���M<� �+o�"���EԼ8�"��;[�"H�]�&�c$�G�} �+����~�t�� x�+u{d��F���& ���� �p9uP�;�7��'�և�]G��t[[y,m!�2��m8ڀ�kbN m���ǠV~��iz��k������}�~d8du�d�Auy_�#�<O�>��jjiq-�� v#r�  ��$s@W�O���揩j�߈m쬴�ӧ��$r��Es ���0$ l`�� K���'�>!��_�;^��a�`��G�H��7F�:���F	������+�G��O����2��[V ��IJ�ݳ��$A�B��?��O��%� ��Q� 3� �}� q/����>��� $C��-���Mvu�|	� �!�?����&��: (�� (�� ��>����q,�~��>؜e$�p�؂�J��SJ���W�g[EIu���ƈ��KCh�P�@��k�����?�^�A����&H綻�m�Z��T=����\g���Z�Y���{��}�m6�f���{y��d���z �~:�ǅ�Ht�/�^�����Og]R1��3��H; ~|��}=�+��{mr�6������q=��AVĜ��$���ŧ��jXl�9��R�u�X�[�~kQ�#`��5���R@ c�G�]��^*�T�u(�Mw$���lKB�,I F�g#$� �(��:�ǅ�Ht�/�^�����Og]R1��3��H; ~|����O�:#Y�㛉/o�S��1ٛ����Fn�WG�M��I<㊳i�+Z�?k� ��o�V2F����wH�4qMr>yc T�� ��F����OE��� ��K�/��gȝ%ٍî�g<g8=('��u;�
xI>o�}j).�����2=G��^����|���/�=��5�&+O��3�`��u�>��c�I'�q^�q�q���s^[6k+k_/�i�F�]��DH�``g��
�|%� 	���ѿ�>�����o��gȝ%ۍ��l�s�s��P/��D��_�Z��~������Co���Le�C��v����3����π~%i:��4��;;�YZ�� ��l�z:�^�'�;_|�3�K��5��x�F����[h�S	u���eI�9�A����ޥ�r� ��+��<Ky
���kT��u;�QB��ܒ$��@=�(��(��(��(��(��(�c��՗�^�Ph�r�W9��R1�ry��=N��,N�coi�E��`�2]��w�'$rw޽����I�.cY`�rF�!��b+Ŵ�z�/c���}K�:u�Oi�l�Rn(��|�)�  21� ������}j/��w�m�/<���+����b3������$r���<A���o��[k�,�o������<��Y�� �́� !� ���^$#կ�	�?T������WN�N��<� �Hdrp2H��s� :?|3�<'��2i3:���6�ek"e��*I4���w1��G%�pp 2>&x+�p�s\��v��}C�2�.�6�e��w LFp�62 pPt�H��w�|%��?��hh�>�$�7gʖx?v~�6�"b�䝼�4�C��ă�z�� �>'��5ۃu���i�\���I�C@�I;�z y�/i>�-���4h,-m���gb�-#��bX�2I�@u��[��:.��qk�ke^r��G��@㩭�O�f�}��A�5罹�д�I`����S�N����R�FX���|5�<-�I5�:�C��K��˷��m �!M� gD'%�`�#����6S�n���ɻ�A�h�fk�� aoAkm-���4�I��}�<R\D�o��	\��j_������_�|�SW��Ѥ�ngZ-̊R�;VD$�!�� }+J�g�G�Z�ᆱw.�c��r\ľD�P����l`�0���ֹ���f�&��x�▫��3D�[�3M}>+D��;�&r�H#$�H �EPEPEPEPEPEP^C�7L��9�%�jV6�:��o��ц2�D�6�r�:�$��^�"�o�=z�������Z���u�k6PX�r��!�&rT YrI �� b|����ѼG���x�L����[�Q�{x`��T�ؠnP�@�߇Zƥ�|Y�����k;���}������-��fAPY�y$���~%�����w����t�o��;Ÿ�-��h��s�.F�����L�j�'�ֵ�KX����R��CߋW
�B�(�_���F 4t���[G��,4��c�苦��z�J�FN�#2!8,��T9���~h7w�|E�/�'��|Q>���]h�~T��`��B�20#$�$�;����k�>*�.��{;v���Gu��یR�&��*r0I8<b�¿ '��S��5��x�Y�&�u{��7���DT^5�q��0 )�;�zO��W�/AЬ���l��x��<���P�$�I$�I$�y5{��"x�¾,��uF�?kS<wV������@I�$8 ��G��2�G��k�Z� \x��\��f� �7��/�\{�ς�+o�GH�壗�M����؀#ԐI�&�<��wд�x��^��YGe�Y���y��@O$�I$�I$�I��ߋ��<o�|*��鷐���2��k�U � �4�i���aК�|�#��x�Y��?����^Nϳ�"۝�vvg8q�2M�_`�������m-,��v��8<�F��v搞�����qD�D���*�� @`*J(��(��(��(��(��(���⭴��߅zn�
Ob'ԯr��!�_)�<7��+�����U�`֚�փ��W?kҵKd���*r��FRAB@#� q^%�։�~ѷ�%��%��� 9���?�����(A��s�:dV_��|I��c�>��{x.�V����F,�6�\Fa�܇\4}��TA!��4����i~#_�>*��~��D��ԍ�Zx#b�&V2��� ��GPY�� �>!��:N��� �����4;�s����Z��Ifd$��A8 ��"�/i����|A�]�7�C��~k�x�Q,�2@2�T�y��IS���$�~1�[�=��<a�ghk�K�Y�#0�nC�>�b* ���_4���:��u˩o��幸���|�y�i����Y]�\���9W9�� �^"��ZN���n��+�\�Z|�tV��2�Y�	3��N9=Ƞo���t?�� �<o{}�j�*q5��ɕ��ܺ��D���:I<�q�����6;�r�}TAo��K#x�q���_	k�����_�G�C�y~N� ?0����g8=1�r,i��9�|U5�mB�����x�26��g��8�3@Q��.��{�'��o��S�N&���2�p�[�[x��H��P@I'���U�a������4�0�-��w�h���k# "��H�zl�,1ϥx��GĚ�u?�����P�_����2E�;�����Lc��?��/���Ş���Kkjl��6�w��yr��+`�A��$�� 9�ٞK�5_�k:p�|Gu�-ޣ�(,�n��l�hB�E�c�8�ګ��U�	|����x����#��MKT��!�<�*�����p��y� � ��( ��( ��( ��( ��( �0��d�>x�cfU�m��i �R\D���c6O�k��#����j^�!i��Fݭ�Ul6�1�{pA�@4�� 4�3J��us����O�x�M��0���c�5�>R��8��O���� ������	���弳I��rw���%�:y��H	���
���z��z>��_�Z����O7F�簊�a�)E�gBL�x-�Or+:��V���xkF���i>��F���X��$rd�+��d���rM mN��^-�o�&}"-1�HR_��bX�C��I��S�g�29����� ������	���弳I��rw���%�:y��H	���
��
�.���#��m$A�u��eh�mK;k`�P��i���>ww�+ZXo<5�|Sִ� ��#O���ai9	2C���2Ipp	9&�)�u�߅�m�*���u;�h|&�ZE���{ragI�Y��+����9'���<� �4k9
^k�Y��m8o�����p��ֺ/�2�Y�[��M�4�;�-��vH|Ŷ����dd�23��������)��� G��8����_!�F'v(w8��F9 ���s����:��������5�v�$o��C ���  rM��Z��|&�֗��C��}a�]h�HC��0RJ�H�?�6|a�=s��m������h��+z��nFq��#>���s�;O�\�WvRڛyl�Bk{�1ʠ�d�ĀA� T�4��O�_���� |C�{bu9.5�D���>��bX��́� ɯ�����3�4�����W�4ע�k;)����H���!���� _9 ^�@Q@Q@Q@Q@Q@#���qKE |� ��D��O�R}N��W��u+�I�F�.��O;���<��ҷ<���|(�<a��=x�X�����gx�%��BJ�s� $�Fm[�f�,����|K����O}��l�b|�-,q\��(ܓ� �9�j���6�<B�� �_�x���;��Ӣ�������#c��w�~P$�p���� gMK���������<7H�>�s83<%W��wP� ���(��������M��,���ͮu�;���0��q	�F/
|%Ӽ:�H5k����N�W���Cͩ�M�����
�l���&|0ׯ�_u�� �@��V�����:+�/0Dnc��� q��I ��xGI�G��|	�b�M]����-�Dq��n2I��sl�e`���v�f�Ӵ�:���M�u�`�����z ���|1�N��?6�eswq=̗���l{˙^W ��� s��Y�2{o�>!�J��.�y{4�kk�wS3�aw�B; l�\v��h���y�� �>:���P��N�ח��KIoX��	
X+*A# ���j��F�åi3h�}ǅ%�Ѽ�w��$�^�p�	*�n*8
�6�.ּ||;��H�7m�L�l�<w��( F��C��*@-��\�/�~!i����'?��zMţ۝=�=od19xؒ6�]���=� p>?��};�0�:}��M�������tN$R9�X����Gz�
Zfኂ~��Ӿ�P�����J��/ ��)=��峉H�x����D���0 ��k���O�)���������L� ��K� mh��>� ����zw��G]�q��x�Ž;� I��΀
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��>4� ��� �>� �����G���i��Ŀ�֊ ��m�\|7��ßxz�D�d�z^�kc;�kncg�F*L��H8$�åt�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(���m_��� ����E�ڿ?��?��� �(��W�g� <g� �v���G�6���� x��  ���"�( � ���Y� @� ��� $Q� ����3� �;o�H�� ?�~���m� ��j�,� ��� ��� �(��<������_���3a��d}���ц4��y;v��)��u{Q@��
endstream
endobj
430 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 70
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1757>>
stream
���� JFIF      �� C 	!"$"$�� C��  F 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��?�c[�&���G��֡�8l������<rppFF@8�j�� ��o��c�� �'� $�ѴW�:����e��ڏ�I��Z��{�g�4���5��*x�|Y�H� i�:0Yl� ���P��W�_�~-� ��x��  d� 䚧�|���h�ڗ�4����%���c�w�R���N3������޻���������ާ�M5В��S$�wQ�<� ��~�� �,x��O�J�"�w��� �X�������E y텡K����*�+%�	|=
�"��� �U�W��?�)I�xn� ��z}/���J���8t���@���>�c���i�J���U#9WR�~F�!�X5��V�#��)����堐��Cu8<��C����2�U�'��6��_��e"� T������}Ñ{}��g���?���D}N�T6:,�}����6ؘnv d�� :�؟�"�����V���~$�@�涶�^��s{�?�����%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$��+�۟�E���i� �I^��"�Ė~��g���a�myq�^	��H� x7���|���_	݃�[رwq�>��a�����_jZV�ake{�X]�A�Dg��h�V�,���FE}�.|վ+x��ǟԚwn�}�"MN�7̧<��_�w��?�_��/⧀m�[Sm��z_Ϥ�"�"�"H� 8�88� �>x���?|=�[6S��Nʤ�çՃ/�Z8� �+\� �u���j�?���<m���I��F����e���fA��*Q���ܰ������\趠'��?���?� ]�?��J(��?���?� ]�?��J(;��ҼC�x'³xsÚ��s����-l-���$r���Fp3��� ��*ѱ������ �J�f� ���'�t,P~��0�5����,�� ��� ?���g� }\� �%}3E |�� �S�������� "U=s�������o�3G���]��y��-�z��>�3����h���t}_A��t=3\ү�����2[^[�2�7�`� �:+ب��(��(��(��(���
endstream
endobj
431 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1886>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��|�xG�X�v��c5���g��4�Y��=��\?�4���l� ��� ���Q^K� %�G���?��� �t�I|� ���� n?�� z����_�}�� �[��7G�4���l� ��� ���QX�	�g��k�G�xcRMGM��4��S�`ڊ �o�(��{���|Qn=� ��k��S�,� �i���[��� �P��$� ���� I�k�: �ߌ��/��u?^|%��V>X�<Z-���X�n1��,2qK��H��3�V�(�� Ï�e&9��B��-�z7:�����޻O��� ���W��8�o�٣�# J����M|� �f��Q�=b?Ir��f]�����f2�8�d'�r@�?���Ï����.��x�$]����"���rH>��σ*�z<Q�� x6{���eЭվ���!�؊���垿�U|u��+�X<#�a͢1򣌜�����e۩
z|���X�+^�IQ�Ȩ��U � x��� &�� �����4Q�ɹ���w� �M�� � �A���-���澓��?���H<=� cE������2:GI#�"���p I4S^մ�F��u{Ȭ�,�i�'��Q �&�"�kw����[�ѣx�ˍByl��k,-#v;H������}�W�x��{��r�����q�) u@~��~oLq� g��/���VT��s��\�	O1�o���'��r	 ���w�&����>����7�h���G7Ƞ�}
?�Q]��?��׬��	�#��<o㏂�e����t�N�BĶb'9�@9��^��� ���/��h�?`��7=/���� �i���3�M�K� ���h�_�(w����m� ��5�3�-|S�=S×����k%���uW$^k���~���
������F�S��\O�n���n�����=�sǙ�8|S� �����s� ɔ��.~�V�o��I�9-�?d�Ŕf;Xs� -y'�A�;���E��^"�n�]r��>�<���]���{��E|�� ��O��s����� &Q� ��O��s����� &Pu�7�6��ž!�4MV�xu@"����Khri�����I��P� �Y�_:�8|S� �����s� ɔ�?fߊF���L��с��$z�>�@�� &�� �����4W{����*χ6������'�_�}��ݽ�cf��>�PyEPEPEPEP��
endstream
endobj
432 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1910>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��� x��~���<_�G�Y�N-��w!R�p�OE'�'�K�����q� ��֨�%� ���#� C����?᤾� ��g� ���n�=j��_�i/�?�>�� �-�� ��K�����q� ��֨�ox�A񗇠����t���+�FP�X�p�#�ῷtQO�A<I,Rx��C+)�PA�#�z��*���M<� �+o�"����� �c�_�8Z�W���o�?~_x������^(żZ-�.��c ��s�f��?�7���U�� �>k[�U�B�A �Ѹ	���8"�/��� ��࿊��e�}6G�V�4c̏� E��?d/��?	��O��tK�Sq0.��Z}У�ޤ�'�\���>)i� >�|k~,�/��`w��4g�w�� L�u'��jk����\�����|�w�L�Vw	�[�`�J��
�?�"�j�G�k� ����x�6�Had��g1ک�nv�@��q����"�6�h����T`�7 P����m~� ����S%~��m~� ����S%��s� ȱ�/�-?�	+������ �c�_�8Z�WзEo��*Ej]��
�I$� P�ZW�<?}�k�qZi�P����T2zܜW�G��ӧ��>����]J��� d��(;���}��~2j��go�o��ƁȊ����3�!����1�|s��o�>�5�R�;���|!_��㒱���
� *�� � ��m/���-#�zXW���p9���/!��� v�� ȕ��:�� E�y���|�&{�&��D�~����� +���+gԑڽ��%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$�k���O�+W���Ž��j��Kmt:��<��q� �O~-�_LѠ�+�z]?Q[��KC;nTu "m9|�=��� �>)� ��x����� �� ����g�_��>��&��<O1x�c��$ ��6����>����(�n�/i�ju�l�	�*ñ� ���_<� �8|S� �����s� ɔ�8|S� �����s� ɔ����|#�|I�����Z���[�@[x�C������I�Oȕ��:�� E�|�� ��O��s����� &S'���'O�O�K��X�R���VR0A�E u�����_�� �����Ew<� 
�ᮟ���o�o��3����F� 2F|l����u=(��(��(��(��(���
endstream
endobj
433 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
434 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
435 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1886>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��|�xG�X�v��c5���g��4�Y��=��\?�4���l� ��� ���Q^K� %�G���?��� �t�I|� ���� n?�� z����_�}�� �[��7G�4���l� ��� ���QX�	�g��k�G�xcRMGM��4��S�`ڊ �o�(��{���|Qn=� ��k��S�,� �i���[��� �P��$� ���� I�k�: �ߌ��/��u?^|%��V>X�<Z-���X�n1��,2qK��H��3�V�(�� Ï�e&9��B��-�z7:�����޻O��� ���W��8�o�٣�# J����M|� �f��Q�=b?Ir��f]�����f2�8�d'�r@�?���Ï����.��x�$]����"���rH>��σ*�z<Q�� x6{���eЭվ���!�؊���垿�U|u��+�X<#�a͢1򣌜�����e۩
z|���X�+^�IQ�Ȩ��U � x��� &�� �����4Q�ɹ���w� �M�� � �A���-���澓��?���H<=� cE������2:GI#�"���p I4S^մ�F��u{Ȭ�,�i�'��Q �&�"�kw����[�ѣx�ˍByl��k,-#v;H������}�W�x��{��r�����q�) u@~��~oLq� g��/���VT��s��\�	O1�o���'��r	 ���w�&����>����7�h���G7Ƞ�}
?�Q]��?��׬��	�#��<o㏂�e����t�N�BĶb'9�@9��^��� ���/��h�?`��7=/���� �i���3�M�K� ���h�_�(w����m� ��5�3�-|S�=S×����k%���uW$^k���~���
������F�S��\O�n���n�����=�sǙ�8|S� �����s� ɔ��.~�V�o��I�9-�?d�Ŕf;Xs� -y'�A�;���E��^"�n�]r��>�<���]���{��E|�� ��O��s����� &Q� ��O��s����� &Pu�7�6��ž!�4MV�xu@"����Khri�����I��P� �Y�_:�8|S� �����s� ɔ�?fߊF���L��с��$z�>�@�� &�� �����4W{����*χ6������'�_�}��ݽ�cf��>�PyEPEPEPEP��
endstream
endobj
436 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1369>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��� x��~���<_�G�Y�N-��w!R�p�OE'�'�K�����q� ��֨�%� ���#� C����?᤾� ��g� ���n�=j��_�i/�?�>�� �-�� ��K�����q� ��֨�ox�A񗇠����t���+�FP�X�p�#�ῷtQO�A<I,Rx��C+)�PA�#�z��*���M<� �+o�"����� �c�_�8Z�W��§�Y� D����"�� �(� �O�����?�Em� �WgE q����4�g��������φ0xGY���X�'tt�-���lA'������Z����?�[P����m~� ����S%~��m~� ����S%��s� ȱ�/�-?�	+������ �c�_�8Z�W� QE V?�?�J�?�q� �ڶ+��%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$��+̿h��2�[𾙣A�W���~���t��vܨ� D�r��{W�� �8|S� �����s� ɔ���7�3��?�9�� �7?��G�3��?�9�� �7?��@L�?�?�J�?�q� �ھ~� �p��� G9�?���� �)�����H'���a,R)GG��) �w�"�:��c�M��� ���� Jd����� � �c��O�o���������o#�#>6nlcv:��PqEPEPEPEP��
endstream
endobj
437 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
438 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 70
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1272>>
stream
���� JFIF      �� C 	!"$"$�� C��  F 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��?�c[�&���G��֡�8l������<rppFF@8�j�� ��o��c�� �'� $�ѴW�_�~-� ��x��  d� �?�@�[� ���?� �� �4�m��(��s'� �?�&���-�-��� '�y~�m$�_��]��3���� }3Ey�w��>$��j���w��Mt$����#��e�< �E r߷?��� ���� @������ n�<� c����%}@Q@c���D�s����-�b��q� "V�� `����� ����_�� �����E����_�� �����E c��� �,x��O�J�"�w��� �X�������E QE ������\趭������Z����?�[P����m~� ����S%~��m~� ����S%��pi^!Լ�Y�9��S_���G䖶�L�9HEb�8�qX� ��� ?���g� }\� �%}3E |�� �S�������� "Q� �S�������� "W�4P����� ?���g� }\� �%S�?h����}�� �4x�/��I����7�\��8�J��� ����G����C�5�*�K��k�%���*q!F ��㡢��� (�� (�� (�� (�� ��
endstream
endobj
439 0 obj
<</Type /XObject
/Subtype /Image
/Width 520
/Height 119
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 11106>>
stream
���� JFIF      �� C 	!"$"$�� C��  w" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.� QE QE�f�
)��qL��F�dHǫ0�$���"���� ��7-c�6���mt�v�b��ʍ��i�!�d�Hǂ��&՛	{�J����?�hݲ=��>-�Ɓ}g_Ӭ6��5©����	�|X�R��?��V������(��#�kGD����0�U����z/�݃}@ P�$��~h�4��5' ��P3��8�zo�<Aa�
��"�|߱�,��������ֽ�"x�OY�Z��^��T�"�yW���v>��H���_I�v�u���)��KQ�ª�� �4QE QE QE QE QE QE QE QE QE R �r3@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@ ��E S\���?|-����}w^���4���Kz1��h�K{W�ϊ^�`0�:�_n�R��Nǰ�9��4h�� �7_�W��3��-:O2�A��tO�?A]��>�/���/H�MA�d��>mÞ��P?�~/���'�Q�gNt�P�G�{�C��M��}Rt����-g�7 g��k[ڃ��S�?*�V ��6����Tr�kl��C@���<7n�hz����PߟS[[���(1�C��KE 4 �ÁE QE QE QE QE QE QE QE QE R1����>�� �� �7ŝS���|�^���e�!rO��W9���A_|A��^��4�;�Ѣ�LZdS��I����� -Q@�q�Ⱶ��wE�ɪ�}��k�_�@TW�j� ��[&Y�Z���SN�y�L��~1x�Y\�C���s�}Fd�_�94���&�j�H�����2'��-u��E�*S��F�1��bՐ��n��ϭ {�ě�#_W`�ΰ�o�;I�|Q��c�{���y�_����d���k,>���~�����Q`_X�7��s)?�Ѡ^�u�Oh	i���#�'��7��8�\��!����v�w���Ǐ�4X=��?�xt�*�t�8���
?��+?�w�U{�Y�����"�ѿ
���[[Y��ҽ\����� ��:�r��le��t?�P��i�_�H#�������� ��]͕���qgq�,2�Dᔏb+��w������SF�5�U�a��q��i��s�,6��W��ʺ�\��cj�rg�z����E5:u QE QE QE QE QE QE QE !�\ߏ|g�x/D}W_��1�G�I�����k����A<)ug��&���M��;l� ۓ~S�_
��TO|I�_x����?�D��=O� ^�2���_ł��\��{cQ�O��Z���޽��𿃭:�R?2����1�g<�]:.ހN� w��QE 6O��|��)�j�g�?����坭�/�G�99���J���ҾvЇ�W�ѯBbk�d `; PI��M }:QH�)h ��( ��( ��	 d� (���3A`:� Z(��
(��:�E �E QE QE QE �|Q���/�k]�r�ig#)�����"�+�c��gX�@Y�� �G���1h�+���u�c&������"6`x@��${Po��.4����� [�u�u�c���W� t�����.���}WW��t����u@2�}��_���ϫ���>���M����k�wH�4��<f���� <�x'A�6���wyc��w&UC�d*t#� k�_�o�!���=��k�p"�l�Տ���W��o�O ��4� Z?�Z���z�k��^��h�V�
C��vq ¬� ?Z9�'�7��BU�k�cWh��宔��2=29����i�ݥ��j�jr%��^�s���^���K�@�v��iФVU�� ¬6�}0+@ :Rn_Z7/r(p(����=h�3�����KFE��(���Iw%�%����Hò }Z��<��'�&����k�*Ն�5��أ��r�?�v^����6�F�c��	�#�p?S�z֭ `QE QE QE QE QE QE QE QE�7�|;�|6���x��w����3�mV����&l���A p+��Q�մ�5i-�M�!RA� ���ц��*�J Z(��
(���#�����:�i��]�6&��\�w��������_������x�]�6^%�6u��s� ���a�:�}��ا�{w�c;�p���K�W�$��m_�1�-ԶQE���3�	��υ�-�о+��繝���-�ôv��<$k������ ������D���J�
�kL����r�"+�ᕆA ���B��|c��5�WW��Ly[���6�e�#>����ō�6�'�g�.]��/ܘfTrܜ|�z
 ���N+�>�N��֏{��u�*C�c)����� 	��o�/��}U�@�ϋ��m��/M��q�\g�|P�I,q�3�UQ�I��w�����"k8��\Ր�z~�w����j���s�k⷗?�o���W��H|;/��	���+�4����>������M��o�,ӸV<��	�h�~-~�?���xL�D�_V��_�q_N|��/�f�񧊥��4�c;�e�����G|�]���gan��V�[B�(T{�R�"[��Jꈣ,�p� �p1EAgwoyl�V��q�rI�V�T� W�~�5o����:o�γ�	t���I��p~+�ꦯck�i�X^³[N���!��b�>��o��P������e�h�ć^���`����=��t���c�w~G��� �����k�|Q��jv��t{n����h԰=�s]�?fO����mtK��p�N�x�>�I_Ҁ=�]X�FA�s_,�����"?������>�M��}��<1we'�n��}	����G�<'e�=o2��3��F�Շb(���( ��J �����_��OOs5�z������=�|�O��/��Ǩi
�~�b�c����)��� ��A��}���x_��ǈnU,-o����|�����Lz��</�	�I~o�C���&�[���I��H��ׇ�7���n����W����5��E��a:�;�lt#�'��|d־hp�S�FӤ�_��C`%x���N9⽽<-��g�υtX��Zir�r��9'I<�;�,�'�O*�Bf��a�� f¦��1Sw��[�r���8�=�4��W��n�OƏHI�l���ǌ<+���j�%ѬUf�E�h@�מk�����'�|emv�ݳ�I�U\~�Y�����HJ�Go>�
g�3����(�<.j��h�#㞅��B����&���l��t[hs��c��k��=&�,2ɯ[�[H_�Q���m_v d� yL? ��w�WǊs�� hv��H�|Yi��1&x��L׷/�J(���U�VշZ|q�$�չӑ���٪��+��6>,𞸟ݸ�h[�Z�j��>x�_���o�$2\ڢ�_����ր<�x��� ��|2���s&�zq�i���o�����;?�j��-�êڔL�8��Ww������ឃ⛋t��R�Y��B�${dV��|;�x���u��R�a�w���#����^�a�Z%ޝwݻ���8e#�*�9��|+��_�sN��MN��I�����1f2�`á�>�z�ԉ����QE QE QE QE QE QE QE QE QE QE 4��O�8��	���ox{�>�|}�k@mm�"�ɝ�T}�W<��Q^}�S�V����m�c�Z7��XI�� ��;IB+�A��(� ��?�t�e��FՇݱ�m�o�#�Ǟ}��u+�k	�n��x�,�p��d�k��O�~)���jz���{����I%ʵ���7c��8�3ր:��~!~�Q�\�<-�H�O�ǖ���Fứ�g&�7�d񕕾��v��^�Z�b�`�A�h���O_^��Y�v��'DKH"�a��PF������	|�8��,ZF��=�B"���G���ŇQ�K�NҐ��b�X|�������s�"�~xe-���;k{(�q�$�IN;m��� �2.l���>7�,�E�mPǄQ� g�ֺ	�x��C�������r� W��������&�>B�ֽ�↍�t�� �C�WI�=ݬ߽��6C?bO�Z����o��[�oF��M����y�ԗ<�X�ǯ�+�-+���/�<Eqά�i�d��Kv �H���8kՠ�����t:��_j�oW�X)��4��Zm��p�� �1��lzޏ#��V�v#��O�O�G�F�\A�\�>f���O�=� e/�@~�NԢ c)|٠uI�2:�=9�K�??
|RI<i7a��Bk��O��������2��;+˃%����?0j���ۯ~��:C��4x�����L�6�(휞9�@�3y5��� �y�<�+��R�8P��ھ8��>=x�����s&��k)�I5���|31 ���� �� ����xK���p��z�5���h��Bǵ|�|g�Qj%����Eӗ���\��z�x��o��  i�_�44[y]�gq��^0N9 d�i�M[Ϡ��_4��]�j�Zu�m��O��^��_��zU��g ����6�V�j�N�� «�r�ZޔH�8*���f�\���h�>�oO���}��e��H[X#F¹by8�94�_�_�}����-�j'��h,4��,�hg�g�S�M�'�+S�7�7[5+�d���?ꌇ!~�c5���?tx�Ǿ+֬<]�;�<�o��mڇ�3��} v�@4SZԬ�}.�S��`�����F<*��\������K��rw��hdY�=G�y�A��x�P��xd�����%��N �?����+�������3�7�i�i�O�)ᐌo��ĩ\��w��5���;�𽯄"o��sw#b`@;�q��m�gx�$��|3��+�XE4�ʿNy��5�D�WU�,/�}ϴ۬�~��x��?
���C��~��1XBҳ}�0r q����g�/Ŀ C�J�Ҽ�ė�WW�PG8���*_�����ͦ��s�W��Qv�Tׯ-Ֆg
�ª(�\���f �|K�^��W����.]��9�_%T�1�`�RMz����M��v�<�Z߅w����9im�?3���������$k�;M29k'ۈ �,Cʱ�~��>0ҵ׼y�خ���g%��8%O��f�'?�_a��z/�t(���M�:0đ?tu�+�f�ه�>&��[|�OJ���'ʀ34��5��-�k�������?�*� :�/�
4h��/��M���l��^(�(��>���M'N���^���!WB��R1 d�:�/��>
��;�^'�-6P���d�UA�^)w���Q���Χh�3� �� �^S���Ǜk_�?[j��p@-n�ۂ��`�o<� ��YR$/+�"��� |��{x�C��a�=X���k�>�;y����6=I�+��u�o�F�7���e�I��lOq�;W�|�'�u��WU>��m�3�X|�q�����,N���c�_ƿ��[GѼ!��V��4{&����Xm�sgw$�G��q�O�D}wX��xk�f��m?F���T����\��zǁ�I���M��]3U�����9�H�`m��r?�:�|��وMf�FO���~xG��Z�sLHdq�����=�9�Ԟ���_��W�捩�Σ��ۨ��pq��E�ƶ�5��wsS��-�2�F�5񮛡x��-ރ����{�-VG�T�D$�R6~��9�h��Er� <q���rsú�\��t�&�ʰ�Fk�( ��( ��2=h ��( ���Z�syil��.��GR���@(�OQ���m<��f�;�'�^� ���Kj��.����1;��@�Ex}��;����e�{�1��̚�� �ֈ�kO���G?���ր=����?j/� ���Y`���7��m��� �_s�M/�QEvN�ژ_>�w� z]�����s֖�
(��Q\��X�M�w(8a��}�QE x��?��ͷ�O�?��"��i���fN�;��ǿc�C�k�.��������v��^'��O�m��u(O_�z��zc���o|@�dԡ{]J5����4�P�?� w��@����W��W���Y���=	ȹ���8� xV���Q��i�=S���Im��/��p3�� ��OkZ��|]�|��$���Zh�;p~��@pI�����t�+�� �L^�m����vv�D����$���&����4?����r��jz����]­�'��r�	)�5��W��W�ox;���[�mEo�;��H�q�9�?������M%
�+e+�c�V�T�������˫{X�}�dTP���ƿ�'��-�E�vN�N{���� z���2+����#¿tf�׵�r3og�v�:�=y�4���Ct���'Dr ��_��u=����~��|6��h:����:�ߋ�K���� �h}R2OORO�@��_���g��)|A��t�A�BѲ~A�28>���8�+�o68«�RN�LPF��8?��W�-�ox�7��>
��oT��{�C40��5�U##��Z ��p��M,QF�,�(�3���i>!�r�<B?|.�B���V�pI���Y�|���3|V��x��Ft�yq�3t��~4�����c}��/�<M7������Hx�r:� ��������� ��ߊ��U׵k�'i�)%r�`3��3_n�=�Q�?�o�z��|`�0�&?�6���y� ���j:��ON����]V�!�Ib� ��2(�w�_�> �aӴO�������K#� ���ǋ�_����Եo�4�m�3��89o�k
���?��>�9ԭ�$\M��1�p�q�t'�
��O���^�"��O�x�PW.��-">��} Q@��_�?�w�����GA�Q�嵳đ���ٹ�a�ר�ؘ_��ś�o�aۜ��>?<s^��i~��ŧ�vv�v����U�W���dگ�� ��Kx̒�/8(=|�W?���x��㟎���CK6>m&���ʂpc��@���g���E��|[���T��O�RAe)E��'qn�{c�_R�57$���X�[�guu�$0OǕ(M���W�|!�_��*�㨴�e!Y5k�� �q�K|���:� �t� �_��_�ڍն�����v�
O=�`~�ҽ����|?��{�Y�wm��fS$��
��3����!�>���m�4o|O���|%g��K[#k��`��`:���+�����|[u���MNO��z��?P#��F0�� � m|�����s_���z����Mm������#�Dk�2x��W?� Oſ���&�G��Y/|C�%�~���?�v�F޾�����<�����-Z(o&�J�2� 霚�ύ|c�3��j0�k{z�ۗ��H�:�7�T�j �?ڃ^ �/�|)p�G�$Q��C������@�?�m������xDڪC�X���^��}E}s�G�>����_.�ѣd���>����؏·���]�iuo\2[��Rı���P�|>�K��Cl4]-��q�����V�9 3�� ��`�MA�Ey.�s�,pݴL!��U_i#��F��{���e�u?�PZ�\�[������΀;_�Z=�ýro��
��8����@��E��ʽ�_Q�W�|����L���Y��-����}���[�ٹ�~d�R������ dw����^"�]�ΰ��?Wg�U���� ��h��~(�� R�d��S�˹݁��RF?�T�&��~i�I�ڎ���x���$z��8��Z� �5߃�)m��{�4�z���+���&�th<	�e ���s�ҋ�/�X��?��h����!⛲�9��f�F��i�}�{p:W�x'N���6�M�j~��au{~��}�#�+���?�i�l�	���}�G��~] Y|��~H���P�������<Q����O�x������L�%�ݽ̚���R1
������~ʠ�%dr�)��X�#��~jzd�֖���+�DrEz��኶A��@	�@|`������nRx��4�ᄇq� �����~ο��y���N�T귘��d��+�O}��μ_���PK�����{�[��'���l�N0k�� �|���ۦ|`�фY%ב@�v�k9�
N��q�+���⇃��?�V��Mm/�5���� ��q*/S�q��W���;����'=�?�כ��˟Œ��MoÚ��,�wk�[c�NK�3�h�K�����C��3Xxb�A���6W�Ps���L�����֟eu���qk�o�в�zc1��hO�5�Z�XxOW�,*�k�`� EK� w�ވx������.�9a�`� : ��O�� ����o|��H���gܿ9�7pG�~u&��N_xrA��U�&����J=Ŭ�|u#?К�?i�
��^�����Y�7 ~��/��U�O�1���&�-���1@t_�[�|V�o�˫y#?�����������@� ��?�3I/��^&�n��:�0�ktR�
��Fp�V�X�c�h;�����&F�(_�;��
�o?jo�K���uIz��q�ힵ�X� �gj���^��zۃ���<1��/���k��+dR?(��|��X�τ������\�c\�\
�-[������߆�#eĂW������jv(���Z�����Ѓ� ,��� =G�zw���a���K�}a�;��ݠ�C?�{���g�����q:�Un_��nd�~E�]~�����lI��tH.Ѷ�<��FMuTP+}/N�@�i������m�S������*�gm0)-�2)�0A�,�����4��{}6-V
LW�C���nQ��z��w�~%��්c�y�SϺ�s�a�0D�w�����o�(/�n�����KWSЂ+���=��ˢ���n ~Q�yOc_:�� >?|%��O�q��x�����oz��k�m$m?C� �����E򵥧�)��zO������.b��x Du���qϦG��P��E QE 4�''�a�����<-�|?��j��[+�=���η���f_�W���"�o�c\ȁ}�݌�)e�'�E��xo�~,�!�� Y��Mð$`�W��`P϶����'�K�k�&��{^_��k�<����I�� 
i������!� ��9���PB 8�Z(
��&;�u Р
p�� )����=)�P|�� zR��94�PUu[H/���n�I�m��X`�֭RZ �s�ߊ���߆�57������LIrblt���>ư~�z�ϊ~3�Wҭ��3��4�0ێ���_S���n��W���]J͎|��8>���_xSþ�SF��m�ة-�B$�$�I�&�>%��>���&�q�6���vk��K�����'�y
2~c׷�}Ӥi�ZN�o������[D��j�(� z
������N���+���+��G\�<�o�Imj;�F��EtND�z.�7�����ǞҼg�{��Q����2��`0a��@�&��|������b]&��.u��Ǵa��&��úE�������l�H!@:*�?B���m�I�FK[8VU��
� y<U� � �ih��d���16��m�6�߳J��Ք|��fQ���n��>��5O��7������@o���<u�����i�6���������fR��S��?d��� �3x���!������K�B`�ף���?�k�� (�� (4Q@ QE �Q@T����Q@]Z[]Db��)�#d@���|�g�"� �Zr�Q%�~K�LWE |� ��̚�����^���f�r����Y�g���x��l|u��x���:�E� ����|T�m�]�i�x�D��&����S�(���D�cZԓB�E�߅5�Ǒ|���@� �{L.$�:�A�ЎƾG���kৎ�1���(���m¦�s�n�F8��\�������_��9��o4�S[@d���$�>�q@�Q@Q@Q@Q@Q@����Q@
)h� QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE Q��E `g8��( ��( ��( ��( ��( ��( ��(��x��x��5|#�5Y�+�i����&�0I��PA��� �'z��7�l"�O�4�eu���:qE �QE QE QE QE QE QE QE ��
endstream
endobj
440 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1910>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��� x��~���<_�G�Y�N-��w!R�p�OE'�'�K�����q� ��֨�%� ���#� C����?᤾� ��g� ���n�=j��_�i/�?�>�� �-�� ��K�����q� ��֨�ox�A񗇠����t���+�FP�X�p�#�ῷtQO�A<I,Rx��C+)�PA�#�z��*���M<� �+o�"����� �c�_�8Z�W���o�?~_x������^(żZ-�.��c ��s�f��?�7���U�� �>k[�U�B�A �Ѹ	���8"�/��� ��࿊��e�}6G�V�4c̏� E��?d/��?	��O��tK�Sq0.��Z}У�ޤ�'�\���>)i� >�|k~,�/��`w��4g�w�� L�u'��jk����\�����|�w�L�Vw	�[�`�J��
�?�"�j�G�k� ����x�6�Had��g1ک�nv�@��q����"�6�h����T`�7 P����m~� ����S%~��m~� ����S%��s� ȱ�/�-?�	+������ �c�_�8Z�WзEo��*Ej]��
�I$� P�ZW�<?}�k�qZi�P����T2zܜW�G��ӧ��>����]J��� d��(;���}��~2j��go�o��ƁȊ����3�!����1�|s��o�>�5�R�;���|!_��㒱���
� *�� � ��m/���-#�zXW���p9���/!��� v�� ȕ��:�� E�y���|�&{�&��D�~����� +���+gԑڽ��%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$�k���O�+W���Ž��j��Kmt:��<��q� �O~-�_LѠ�+�z]?Q[��KC;nTu "m9|�=��� �>)� ��x����� �� ����g�_��>��&��<O1x�c��$ ��6����>����(�n�/i�ju�l�	�*ñ� ���_<� �8|S� �����s� ɔ�8|S� �����s� ɔ����|#�|I�����Z���[�@[x�C������I�Oȕ��:�� E�|�� ��O��s����� &S'���'O�O�K��X�R���VR0A�E u�����_�� �����Ew<� 
�ᮟ���o�o��3����F� 2F|l����u=(��(��(��(��(���
endstream
endobj
441 0 obj
<</Type /XObject
/Subtype /Image
/Width 75
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 767>>
stream
���� JFIF      �� C 	!"$"$�� C��  L K" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(��+���|Q�j��i����M�,��,�H��4����O$�x��:�(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��
(��?��
endstream
endobj
442 0 obj
<</Type /XObject
/Subtype /Image
/Width 31
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 892>>
stream
���� JFIF      �� C 	!"$"$�� C��  W " ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(���� �_�)��}&����j�+@t�bp�2��o�1��1�����ڿ?��?��� � �f����W�g� <g� �v���^��Sↁ�g·>#�垧kim|�N��H]R7$wq"��A�8��c�7�.{�
�J����Ru���|�0�� ���=����a���?�@� ��2� ���c����P?������~�=�����ө=��>��}���6m��Ǖ��N9��( ��( ��( ��( ��(��
endstream
endobj
443 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
444 0 obj
<</Type /XObject
/Subtype /Image
/Width 75
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 727>>
stream
���� JFIF      �� C 	!"$"$�� C��  L K" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(��(���
endstream
endobj
445 0 obj
<</Type /XObject
/Subtype /Image
/Width 333
/Height 78
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 10367>>
stream
���� JFIF      �� C 	!"$"$�� C��  NM" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �'�y��?����uδ���4xdU3�~D��@R�S�Hֽ 
���4ŕ�'�pO���EՌd��F�eJR��I�u�o�#U�6�i�h�Y�ܬHo��bI+� �W�x~]fk&}r����y���L�00I(��<`����� ه��^��� �4����ʍ:5 ��� �N��J���;����:Pzכ|j��|;�x�����V�Q#�)�C�� ����b�)��J)��I�Eɭ�I���̿>'|M������i��N�� g8���׬�7�D�w�|o�Op�I�����!�?*ޮT��9$��aG��[_/�=})x�.���Y�i��x�B�����B��#�B����浾.|M�>i)=�7W��-�m�V'�Tz�Y��	���j�X�~�ڷe�wY�ȯ�}��X�����^��[����� y*ϓ�M�3�WM������៉ڜ׊	Xu8"x�>���F�Xu	r�I?��K�y���_MOSR��� ~"x��:ֵ���[[�B���F-���#<u\
��SP�������#���C$��¢���uhʔ��kF�9�ţ�L��������� ��|/��O��&$��w�X��B��A�����@��� �d��/>*��m#$�o
B���~#>լ𮝽�I���C��٦�~���9�k�o�����i�:�ݗ��[�V8.��FO8+��W������Dg QYբ�$�{XҍuU�٦�Luy� �������Ϳ��5M"�ic�+2�Y��0	=	㟧�W�ţ�O��e� �iQ�����{�6���<ejRXg� �~�� ��ѺU������6��Vh��X?C_�`�Z.���v��a��4g�b�y�o'܂�������7��Z�r�-Ļ�4i|����|�~_0�(�O��������^U�tk;�����W��n��k��N��6P���� �vae�8=ʌ{�W���|��Y`�|C�$��^�M+N,�m��H?����\8Jq�Qs��z�ʒ�7ɿ�jh�C����W�]F�JK{rH@��U@,N�  ��]MNK}^���쓺;y��x�Rx����d�� ����'� �k�01[�4�ѫ�ec�,�R�.z�����Ҹ/�/��W�˽SO�SS����(��y8 ��y��7��>,����-���Q�Gt�k�ZG��n(�9�ҹᅩ:N���ӅeE�ϡ���s�a���wZ���"ń�?4�������1rj1ݝ3�a)l���Fk�~�|H��iq�+����S3Ekm���c��w�'�s���R�R�c`�"�<T�$Ѣp.��e2F	�%�W<d��t�U��>e�����/��'��|�� [^����U="�t{K�UC=�J�r��k����U�<T��gg����_ʻ�?C�������c�Ύu�Q[��ӣ������Z�/ ��k!.��SX]@�H���`C鴌�ϸϵy���?����#�ZL��AwB)Y:����*���\0��j��?���x�IsT�K�����m/��� 	W��Լ-��n�h�[ݛq(<���x ��k��g���_�z���8��0��`
��׌�q�(a']��u�x�]:R�ϱ����Ҹ���:������d1��cʾ�O��G^=Q�}�jx���7�xk^������Bq+q���h���eM�nѣeQN
q�3�ȥ��%���4{��cZӭ,��D��i༮�2.썼3�Z��N�'J\��j���K@�ߴo��_�� ѩ^�+Ͽh��"�$� �	� �R��hz��X�����G˿���/�n��Z�����?�xw�s� ����uߜz/͞fI��� 5����F�K� ^�� CZ����A� ��7�z�kΣ�X��ӯ�9z3�����J����$� �Ҿ��^�c�^뚋0�����1�� 3�I �|y�1���ߏ�ml5��U�w3�.F�~`F9�+�>8�5�[���?�Z�VL'���T,�$l%FN=+��҄�iJV��2곆��=�BҴ�;��b�&�M]���'��5Pqۅ���>+k��8���\�i<ۿ�YFz$j�Gש�&��ӷ`[�0�eP3���� I�O�<פ~�U��'��l��e*�>�_�f�ѧ�� _����.�EЬt�E	�	
 1*��J:W����
��������o�7������7o'#�F2�+-�bS�(�썍?v>?��[l�%Ԭⷸ�'�x�ę�+�q��x���k�MI��_�\]?}��}�s�Q�[�������x{�Z���d('�B� %� 2G�^_�h���6��$�*�7	����KBq�EUZ��c��� �t^��{���_�Cm��O�N���f���Q�ُ�+ߺW�����--����wg�^��[�GN��Ӧh���hf�&�ݳ!�L��Ʒ,D�N�
�0зc3�?�m<g�����<w1\�>��7G�FW�>=xF��I�V�q��>�m���1��da�k�<�^�z:j�֌�r��2#9Bv���㚊�kS��V]�^�I�G�Sf����,_<P͜>E���?�v��|~� �9�o��?����H��Z� �8>%��tՂ �Zv�m{O���W���~(>��e�yv�����.�#a�� ��}y��U�x}��[�q�-|;�Kóx;��� ѭ���f~�h�?B?k���Ʀ]nxy�]S�G����'��|#�=__������ѥ< >ۈ�1�|>����I�����헮��y�uf-�2�Y^*��������<��]�����`�G;�����'���װ� �ָaFP�ݴ��e����[(�������K� ��i� ^�� �5����d��,����?��_f�,p��Jꑢ�vc� $֙����������9�6�,��a�΢{N���*�Nh��&��E|�����?����0���O!��T��l:���� <1os�/��jK{�jM,a4ˉB� �
�T*x����� ��.�Mc�Q��B{����V�ϳ�J�q�(�WoOC]X%(�td�֭������*j�_���]?C�x�:R# ���B+��}�K>Dz���?�v��ψ�ğ	�{�e�.mc�䜒��	�+��5���D�<G�]h�Ū\�\��#o�A�=��*���r_=j������=~˟�/AOk�	�ȓ;�\��E c��� g8����5{{B��nq5����!B�u� ��R���;x�Ek���5�%���ܟJ�|�ƿ�ͽ���QE'���"{���'�`שWSup��{y�U,mL"Tq0�k�~��_�i<�Z�4�%0�a���6��s�Gz���I[��:����O���� vFeU� �K�u�����5��������q}�rcq�YOѻ���؈�����?�mSF.��{��"��T��Kk]~gԕ��^����` ��/�ww��R� ��W�W���D�7���V���^v	���������i߳8�ث]�k-s�sJ��%�
Nvn�\A���S��?k�;�E���ZLØf���N�ؚ�b�c�mq��F�>�U��5�_	� �|K� �����5ۋn�"�����8piU�ӌ�Wk�g�_�]��*��%���ZM��nFv�H�=���g־۶��h�m�I��C�"6U��=�|��\|97V���߾���:�tYq܎���j/�3�H���:�#����բ�9#�#�����QX�n�������{=���;?�E\��R�\8�
�j������ Sv�� �z%y؏���� 
"dמ����_d����� �T�B漷��o��;�>���g�K(�l�������#=���wR2��O�1<Λ�U�^G�߳��ä�9����ik�2k�+�f�ҵ+}KN��%�ݼ�He�I�#� �����!��hۓ�o� �u7��~�ݘT����	�����?.�[M�p{ߧ��h��f�I��h5mZ�("�${����˟���O��G�_�$�f'�����U�|[m�={�ڵ�w��v��°;�HQ�8��|T�7��mks���4Ҵk�A%��bWb��<�8$1��?�����ջ?/#{ג���J����/���J}���$� �Ҿ� ���+�<k^�b�4�gy*tpAS�e����	|N��h?�i��2/ ���U�J�^x�[�� ��5p�y%�����-u���)!x-t�//p2�'���d�q_#|u��ׄ>#jV�D���V���7$�>�r��W�~K�-U֮�I&�u���KS�sK��N?*�}��x�Iv�b&T;��~Yb>�ݽ�CN�*����mg�1b0�1T}�%{�/��)��w�4�j�d�I!	p�&^ۑ���e~�\|�/�z��\w�>x��Z��π�m��`���hZ7�M�O_p��xK⇌��[�����f�즕�s�|�1ӵc�J5��/v��o�VT\%z���g�~��T���� ��@��<%w��j���04ͥ3%�Qȅ��}��z]��_��ýB]R����P����,�U6V (r��5�����$�H�]r�PA�+lF5}mV��0��e�GF�����.�L0K�xF�dF��墱�� ,�z�8�����x��?g������w���_60��č���!��#ں�K����^�P 72�N��}�B�źU��)���3\�B����f���: ~9��}�?���l�-�� q�x}�����K�x���Z����|�in-з�Ic��+��M��>�
�v"�Xӌ�Ȝ�)NSV�z����S�߉���>ɷ$�� �뾯/�����^9��M�ǉa��"��G�8�i<�[�z
�ʪ''d���f'�ٵv� ��O��o~�f�q�ҭ��Dj������.۴��Ǖ����Z3������G�s���^����~!Gw�[��K��ݹ�_�%s�<�9�v|+g�?	�xwPy"��.%@#a��V��F�'�.��{?S��b0Μ����G�~žX��_�s��ˇv�G�.��N�� �L��x�5�O����K�oYxK��5��{���K1�rI5�|L����{���#��k�쉤`�+I�܌�J�j⽬���}��BTp��*���g�?�a�%�H��|��o��ɥ�;�O�9Ե��L�A��8o�.�������5_kֺ��Ⱦ�bb�}ÐA�?�|U��~%�4�cS����Lq%�ǡ��7;��ܞ_J��ա[�sh����r�iף�t�5~ko��
h�������U��B���@�I��:���3������u��/�����I� ���	�k�:kï�QkFR�<vB�*`av�l��s������^&�-��~�⸴[���Θ.M��]v��1^})�VS����\�jÞ��.�m?�ǅ~��#k}kX�����!w�t�_�J� �5��d���){q1M*���/�6��� `�5�>��5O�v�Ώ���m_tR.�ӌG�� �G��M��ؼm�}�ڜ�wP�e֐�s��BX��d��U0��*��/}�c�	O?�j�[j�v��"F�dx#־k���-"�_Cqjw���x3F �R��� �=��<3��~�I��]�j�|?-���r+Ľ�dbH���J��oR�����$x�j�n�a��`0��9#q$�x� �k<+���s�v�٦)T�Q�jo���cᗁ�|E�-]��˛����d��z(F}5�� ���|=��6� u����ɒO�l�� G�P�ƾŴ����+[hV(!Aq�ª���+�~&|�猵֭�D��^Z�C0�Μd�A���<le�!Si~up2���-e�� x��mE�t�� �E���dPzG g��?�]՞����,���U@_���L�cԪ��%��5_I�o�Z��$�f`X��t�m�%G��A�a��tj{I�����6�{Z��8F����2� c�	]h����&)5wQn�0���N=�=�t�Vo�� a��1��.J�|Aa�Ϣ���ڔ5����buETG�GO~+�<-���^���i��ԛuٗD��s�<�'�:�J�k:������^BT�C�����v~g���Ayi5��I4#$��ʲ����|9��ڇ�/���4V�Au�܃�P���)���}�l���I<�YU w	�3c�����?����;�'�F�w1���A-��ǽ�n����#�2;zR�⾯S��^���>�N����-�*�:���GU�*�7�����Fw�́�d����~��=�h��[�����?����m������V��ue(�s�	B�c=��a��ĶZƟg$s���2���`Pd���H �$�+$�vF򒊻7(�;]j��iW�<��h^h�����AS���0펼�"�Ci#Ѵ_쫛���x��7@�ȅ�6H?uI��۲%ԊWgGE0��k�Ӽdu{k��F��t�Y^/�+�	�	�?0c' �&��z��j;�e��~��z���Hf��IPF�	H= ���@|S�MS֮<;�G��w�c{:�Lctp�v��PH�U*Sm��&U��{��EG�,)4g(�O��	��N�%��ee�˥\��� ����*y���I��b��iw:*+��φ� ��i����;(�.��G���#�:��l̪Yv�2G�����`��h}���iڏ��O
C���Ф�#�ʬpv�Oߊ[���M'��(�_x�����r],��{v�v���e|�\�ВI�?E�&�����Ӧ����[s������è��@�Q��p�W��Er�^2_�k	��z�z3��^7E!�*��,B�'��O��\�����Q��Ӽq��(�X�q8�Z�j�\֋�[�A��÷����9�X�T�7bFG�P���xr�Q��B���ӭ����<j 98P�	 �S�r���/k^n�WE`�k_���h�4k�<h�by]dW� (O#��+{�KM;2�%%tW)�_�k�%�<=�;�+�,��>�L�����r��CN�Ɩ�^?��u����ͥ��up
���>\���e$�B�Ӓv��
��������v�o�^�wqM4V��1¹w9�U���Ú����X�6D����=�@a�qҧ���t+�sr�4h�Bi��������پ�iv�W�)�m���pj����֥�ɥ�Z�U3;�Y7 �h���N[�*�{TW3�����:�W-��[�A`�c��Ae�`;�F�*�]�*��O@*Zi&��M6��>��t�ˬi�j��w}�)*c"Fn�	�X䌃��s[Q�M6��ok+�-�t��W�P�98֛�[�M=�
+�������v��SM���g�"P��"̡��`j� �C��5��:�����m���?�A##�N:b��O��ړ����}����O�t��B���︳�:�0ZPFF��� *��j����ⱒ#s �8�veA ���|��
��z��W��O�ij��Ծ��F��e��"_)��|�6zv�����-�������`Ǚ�� �����MӒ�/Q*�q�[�W-u�;S�3�M�ڥ��$1�к)S+\�#���ik��Յͥ���u��s��&DX�����%{�F�F���o��rX�xwP������\<�2�$BBۂ� f6 ���]����MM]j�o����[%���-�l&�#�v�ɴ����vd����L�4�
H��F
��"�9�Hs��w�;����h7�3X���w&�鱑@�mǜv�/--�%�>��a�m��m���A�Ԑ>��X��*V����OQJ��B����f�,H��Y4��iۡ���o��o���'S��nVi-@�Y��� �	���~j6�h�F�q�{�<�E<�L�g��2� �9�&"��4�HU��Ӭ.g�����i���I�/Б�IMr��)��)-��.�y�xY���j���0H0c�G�N9ǽy�.�?��\I�l��ė�6�Eh�$��6��� W��A<��Yڣ[h� ��"��"�r���K�TS��E��o���]G��5�q���2 ����>�J��A����{�v��t�\�1�)'$��<~��A�,�����)�[[ˏ2�h�܀�TF��շ���.Tܭ��8O��V���T�O_�R�7��pd��W]e�鷚��]��s�A�(��V,8<���m�����#���A90�y�@�K�qJ��ԛ��_j�z�y�_�#������� �=�A�^U���x#�wז���5�����yv����)�t��a�8�]�"����EF���"��FȿuJ҈TPJn}NO�~Դ�7J�4���x�gy�Y��+::��'��t5C�޵���]�k�f� 6���8%�w;(
s�3ֻ�����0OR�Fn��CE�����A�ԍ��O�{����|����K���'��'�i���V��ʭ䑁�d��.0�y�f��^H� 
5[�A�y�YZXٰF��y�8��]7O��o%����>��_��jy"�T+"+���"���k���Lir����{���U�̾/����m����T��_p��(��ۺ�z?��?�~&"!}>TPN71�]tv���x��F
�S�)@YcI 9�.�/i�R�� ���$�D�>�܍��GzզCq.��Q}`S�6��md�������4EmB�K�.,���X4�[O ]��P�޶�3:g�Ȭ�.-��'��K��2��w�s����[��Q��T�h<�7ȋ�����ηu��ccg{���$]_�:F���f�>�s�����\�2�� 혬o�w1�ˮ�I�yt�Kp�����8��+�^��C�y�T~g����1օ���HcWn��i��دg�)\�MkC���|_�Cy:���s�\!��n,���� �*���kR��צ�lM��oq��?��$@1_�O{�RF�b�]��P	�iʊ��UAc�@�IԼyZ�is&y������Ȣ�-���� 1� ���m;���c�kRx��W1ʧP����|�p�}2����-�M�!�w��
~��`�"(�0OEP)���-��/z�<��#����V���麿���"���@h��<�H8m��5�xSU�Ծ��ީ$)5�ܥWbG�0��q�ٹ��뛅�����t��I
�/Б���#��ʬ��#"��j�[��&�Jǈ�����xS��E�$Ww
�`0�g{�QT ��%�r�s��Ѿ"�6H4�-RKqou�,O� u1�a�Q��]�ZZ�9F)�[�6<�c�7(8��Ϊ�G2i�䦩ߡ�[k	���~�å�����{id?��^�3�lnF;�^�s��|���EӠ�n�g�ܒ(�R�F���eȤX"X���|��F?**U���
t}����Oya��=�T��]Ž���u+X+C�O��6�D��Av2Gj�� _Y��0=��P���Ⱦc�fN9������g� >�� ��T�A�	bI �A�*�Ϛ�GN��9<g]���_�l�[H�_x�X���2�WBty#�ꥆ;��z�i]�p���bp ��

)
r���Js*�u�`�2*�D���
t��_��>]Z��)ͽ�S���G�q!�Q]�C�O�q��55L��'.������
endstream
endobj
446 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 76
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1369>>
stream
���� JFIF      �� C 	!"$"$�� C��  L 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��� x��~���<_�G�Y�N-��w!R�p�OE'�'�K�����q� ��֨�%� ���#� C����?᤾� ��g� ���n�=j��_�i/�?�>�� �-�� ��K�����q� ��֨�ox�A񗇠����t���+�FP�X�p�#�ῷtQO�A<I,Rx��C+)�PA�#�z��*���M<� �+o�"����� �c�_�8Z�W��§�Y� D����"�� �(� �O�����?�Em� �WgE q����4�g��������φ0xGY���X�'tt�-���lA'������Z����?�[P����m~� ����S%~��m~� ����S%��s� ȱ�/�-?�	+������ �c�_�8Z�W� QE V?�?�J�?�q� �ڶ+��%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$��+̿h��2�[𾙣A�W���~���t��vܨ� D�r��{W�� �8|S� �����s� ɔ���7�3��?�9�� �7?��G�3��?�9�� �7?��@L�?�?�J�?�q� �ھ~� �p��� G9�?���� �)�����H'���a,R)GG��) �w�"�:��c�M��� ���� Jd����� � �c��O�o���������o#�#>6nlcv:��PqEPEPEPEP��
endstream
endobj
447 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 70
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1272>>
stream
���� JFIF      �� C 	!"$"$�� C��  F 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��?�c[�&���G��֡�8l������<rppFF@8�j�� ��o��c�� �'� $�ѴW�_�~-� ��x��  d� �?�@�[� ���?� �� �4�m��(��s'� �?�&���-�-��� '�y~�m$�_��]��3���� }3Ey�w��>$��j���w��Mt$����#��e�< �E r߷?��� ���� @������ n�<� c����%}@Q@c���D�s����-�b��q� "V�� `����� ����_�� �����E����_�� �����E c��� �,x��O�J�"�w��� �X�������E QE ������\趭������Z����?�[P����m~� ����S%~��m~� ����S%��pi^!Լ�Y�9��S_���G䖶�L�9HEb�8�qX� ��� ?���g� }\� �%}3E |�� �S�������� "Q� �S�������� "W�4P����� ?���g� }\� �%S�?h����}�� �4x�/��I����7�\��8�J��� ����G����C�5�*�K��k�%���*q!F ��㡢��� (�� (�� (�� (�� ��
endstream
endobj
448 0 obj
<</Type /XObject
/Subtype /Image
/Width 31
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 892>>
stream
���� JFIF      �� C 	!"$"$�� C��  W " ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(���� �_�)��}&����j�+@t�bp�2��o�1��1�����ڿ?��?��� � �f����W�g� <g� �v���^��Sↁ�g·>#�垧kim|�N��H]R7$wq"��A�8��c�7�.{�
�J����Ru���|�0�� ���=����a���?�@� ��2� ���c����P?������~�=�����ө=��>��}���6m��Ǖ��N9��( ��( ��( ��( ��(��
endstream
endobj
449 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
450 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 70
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1272>>
stream
���� JFIF      �� C 	!"$"$�� C��  F 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��?�c[�&���G��֡�8l������<rppFF@8�j�� ��o��c�� �'� $�ѴW�_�~-� ��x��  d� �?�@�[� ���?� �� �4�m��(��s'� �?�&���-�-��� '�y~�m$�_��]��3���� }3Ey�w��>$��j���w��Mt$����#��e�< �E r߷?��� ���� @������ n�<� c����%}@Q@c���D�s����-�b��q� "V�� `����� ����_�� �����E����_�� �����E c��� �,x��O�J�"�w��� �X�������E QE ������\趭������Z����?�[P����m~� ����S%~��m~� ����S%��pi^!Լ�Y�9��S_���G䖶�L�9HEb�8�qX� ��� ?���g� }\� �%}3E |�� �S�������� "Q� �S�������� "W�4P����� ?���g� }\� �%S�?h����}�� �4x�/��I����7�\��8�J��� ����G����C�5�*�K��k�%���*q!F ��㡢��� (�� (�� (�� (�� ��
endstream
endobj
451 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 70
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1757>>
stream
���� JFIF      �� C 	!"$"$�� C��  F 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��?�c[�&���G��֡�8l������<rppFF@8�j�� ��o��c�� �'� $�ѴW�:����e��ڏ�I��Z��{�g�4���5��*x�|Y�H� i�:0Yl� ���P��W�_�~-� ��x��  d� 䚧�|���h�ڗ�4����%���c�w�R���N3������޻���������ާ�M5В��S$�wQ�<� ��~�� �,x��O�J�"�w��� �X�������E y텡K����*�+%�	|=
�"��� �U�W��?�)I�xn� ��z}/���J���8t���@���>�c���i�J���U#9WR�~F�!�X5��V�#��)����堐��Cu8<��C����2�U�'��6��_��e"� T������}Ñ{}��g���?���D}N�T6:,�}����6ؘnv d�� :�؟�"�����V���~$�@�涶�^��s{�?�����%k���� �m@O�ɵ�����L�Q�ɵ�����L�P?��� "ǀ��p�� �$��+�۟�E���i� �I^��"�Ė~��g���a�myq�^	��H� x7���|���_	݃�[رwq�>��a�����_jZV�ake{�X]�A�Dg��h�V�,���FE}�.|վ+x��ǟԚwn�}�"MN�7̧<��_�w��?�_��/⧀m�[Sm��z_Ϥ�"�"�"H� 8�88� �>x���?|=�[6S��Nʤ�çՃ/�Z8� �+\� �u���j�?���<m���I��F����e���fA��*Q���ܰ������\趠'��?���?� ]�?��J(��?���?� ]�?��J(;��ҼC�x'³xsÚ��s����-l-���$r���Fp3��� ��*ѱ������ �J�f� ���'�t,P~��0�5����,�� ��� ?���g� }\� �%}3E |�� �S�������� "U=s�������o�3G���]��y��-�z��>�3����h���t}_A��t=3\ү�����2[^[�2�7�`� �:+ب��(��(��(��(���
endstream
endobj
452 0 obj
<</Type /XObject
/Subtype /Image
/Width 21
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 675>>
stream
���� JFIF      �� C 	!"$"$�� C��  W " ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��(��(��(��(��(��(��(��(��(���
endstream
endobj
453 0 obj
<</Type /XObject
/Subtype /Image
/Width 55
/Height 70
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1272>>
stream
���� JFIF      �� C 	!"$"$�� C��  F 7" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.��?�c[�&���G��֡�8l������<rppFF@8�j�� ��o��c�� �'� $�ѴW�_�~-� ��x��  d� �?�@�[� ���?� �� �4�m��(��s'� �?�&���-�-��� '�y~�m$�_��]��3���� }3Ey�w��>$��j���w��Mt$����#��e�< �E r߷?��� ���� @������ n�<� c����%}@Q@c���D�s����-�b��q� "V�� `����� ����_�� �����E����_�� �����E c��� �,x��O�J�"�w��� �X�������E QE ������\趭������Z����?�[P����m~� ����S%~��m~� ����S%��pi^!Լ�Y�9��S_���G䖶�L�9HEb�8�qX� ��� ?���g� }\� �%}3E |�� �S�������� "Q� �S�������� "W�4P����� ?���g� }\� �%S�?h����}�� �4x�/��I����7�\��8�J��� ����G����C�5�*�K��k�%���*q!F ��㡢��� (�� (�� (�� (�� ��
endstream
endobj
454 0 obj
<</Type /XObject
/Subtype /Image
/Width 39
/Height 87
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 1164>>
stream
���� JFIF      �� C 	!"$"$�� C��  W '" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �.�(��(��(��&��� ���� ��k����}�����0�U���*�{� ��+��ԚLzͮ��+��!�}uvH�]F'h:��2#��ف�H��pK��H��"�GFYH� ���袊 ��k�����6�p��z��zdr�C*���3n3�]W�������Kӭ�[��X�5�_��vPX�ԁ��L�����/���E�~K��
f��)=��{n�y�����Ã�6������_hQ���j� I��>���y�=�◂4_�~	�</�[���D�J�����	��y��x&�����|%�������sT��Ϲ�=��d��km��>5�ў	�߆n,���x���`�-��J�7ʬ섮#�s �E����� �O���kQ���V����[>FUU"��PO�3� {5Q@q�>�_�� ǌ$�o�t�Np��)�`��D!��k���8o|!�k�K���4��-��u�HY��k��� (�� (�� (�� (�� (�� (�� (�� ��
endstream
endobj
455 0 obj
<</Type /XObject
/Subtype /Image
/Width 416
/Height 208
/ColorSpace /DeviceRGB
/BitsPerComponent 8
/Filter /DCTDecode
/Length 11040>>
stream
���� JFIF      �� C 	!"$"$�� C��  ��" ��           	
�� �   } !1AQa"q2���#B��R��$3br�	
%&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz���������������������������������������������������������������������������        	
�� �  w !1AQaq"2�B����	#3R�br�
$4�%�&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz��������������������������������������������������������������������������   ? �&�- %�PQKE %�PQKE #�)�rA���@�}iih���� J)h���� J)h���� J)h���� J)h���� J)h���� J)h���� J)h���� J)h���� J)h���� AKH)h ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��(- ���(��(��(��(��(��(��)(h�����V�4m.]OV�����fY�p���$�����>x��1�b��;y瑡����R�ݴ!�Ǧ���^£
 -Q@Q@Q@Q@Q@��dP�E QE QE QE QE QE QE&E -��:�F��EQԵ�'L����gfJ�y�	�<�	��o�W�ƒ��>uv���u<�� q����^:��;����<�MnGB����b��ݕ.��{��w� �}{\�F���ỗ���t���j��I$��dm��R�
Z (��߈�0���K��n���(ǃ$��D��O�2N &�:*����i�r��pZZ»��iG���=�r�~$h?��%҅ť�����DȪ�q�6��s��W��0k��'�'������s�_�l,%��2Y��P2@Ps�� ��>?�3�|a�luk�'��-��>��DҹP���d��J���}L����?j�	�G��O��+a�~/ZA$$��g�_�;���_]GҀQ�,q�V`t��ݽ���wr��d�Y*���Ğ�
���~>����IxbK�M.�Y�t����eF�BG����� ;r�  ��[⏌���*� �Z�|�&�c �V�����'�x��� �ƚ��8<+�dίh.�����S�\`|�ɓ��m }/E"�斀
JZF�h����cF� �~1_6x�S�>?�F�������IY�����8 6#;����1�~�~9�d�|0��:��Rf�%�8�͑���=H;r{�=�W�t� �:�Úc��	/<�4��s��p �<���F��� x[V𾙧鋦j�Ň��nR�9o�G$��z��[��R�hu��D����FYA8���뿆��F���Ֆd�tH��_�����/���� �k@�g c�>��1��� ��( ��( ��( ����F�g��jZ���i��\H��Iڹ n8�穠�� j�j�߈��cᛸ��#7����|��\l�󀪿9��qӟx�?q=���
]\�$�ͣ��,�1ff1)$��$��7É�\|"���kQ@ڎ�� ��+��kӧ�W-��ʪ��Ԃk� i�h�
�4�$y!����6s�eX��u�7��� )����'��|��Oė�^;(Y�"�<�?�0ppX�g{W=��ZϏ>[x�\������X�8#eB�p�����C��F8�@E0Ɏƹ����^2s�m��TI�+�!nFP|�#��(��.���ּ?��� Ý)�-=u=jP]�`
��BY�ʷb���Wo���@O x;YU ��4���H��m8�9�������+]�G�����iZR�X#^�G b:����_>� ½���a#�O�t7�VX���¨z,@�m�Ҷ�7�-�:7�'�u_˼�;I�F�ϻx��8��NO�{^��~is�1j�z�useh�!\u/�{�pk��� h���R�����-XaVfy����ΪQT�^��?�<5dmt� ��+}纈N��#�|��5�[[Cmp[ƑC�H�B�� �
 �x����S|ch^�I	W+̅H;Aɐ6���~��C�:���3���+�y�&k[)�#�3��y����0s�u y��;|3��Qӵnd}�q�j2���ʻx�W���+��|�=J4�h�]�`���c8��t4PQD�*�h�� UP P;R�E  ��� W=�AѼE�k�?\��u"GH�v��2����#'����o�h�ڽ�[Y[����{z
 ���֯{�x!~�Q\Cq��oq�^m��f#�0�&6� ��nhz>����F�g���b8!�|���'�'$�O5�/�C���O��KP�fXD$�&$��fQ���Z��~1��G��Mzy�x�e�G�/�9b���q�Ӟ(�uv���ggc��?�̑�#��#pYI+�2mBAu��,W�j�?��w�7�n<Q�}WĲ��� �>Y'[%��d�j���^
���~���~�d���o0���s򎧯 f�9�+�|q�[�>
��)fe� ���% Env�R�(V���	ܩ�|��km;úeٓL𮞰ژ�8+\9P>c,��'��W���mk����r���Z}V𹐌������OL�� 
�a��ω���u,{	5*�\<�7�W4h}0 �Pw�Sw��>	�u� �W�R��M�d�l�P�([9U� ����|`���)`��-����¬�O	���z��Q�υv��ұԵ����\�?������7�ָ�-���mx:�_��m9L�Ho.T[�S#����h�8� ��� )h ���^�֡��O����C�t�<���ֽ|��J�7�+�~iF"����j`IɅ	! aY��;T��c�Z���.��s�2$����چ�=�#.2܀v  8
��{ʨQ�U4kM/M��l-�������"� =�*� |��u�.m<lX���d$vȌg�_F�ka���+�[h�r�T����5C�g�4KC$�yM�<4�2�����:��m�)�Q@Q@Q@Q@x���}�᭾��.��Ս#�\;Ɵ3|������/�@�0��<)������A�+����"�I�p�PG���Z ����cm��ޟ:\2ߋ۹���,���mm�?&y���㰯�a�����_���K=�tM[��&E ����/ �G�W���07�⼖9Lm�M)dg `�:�@�E|��ڳ�6�ɥiz��LE��,K��)�s���z���?<K���� N��Q\�J��[8�A�u�\w<Po��W��_��1�E�q5��r߈��s�� rv��#�����O	���z\������l���t� |���e�$�$��ƿ|3����_�֞#��Z�+$���W�U<��ʤax�]���a;}��+�5[��m�0I*� fpF1� u~2���h/5���ֽs�@���"E��@ ��@��/��ŗ-c�/����LR:=�Q�6�\�d�
��
��o�ɒM7�VTb�-�7	8ic�Nk������ ��(bA��4
�=��@1i��h���Ş<�Ñ"<b(n�v}�!H$d�<r+o�Ǆl�M�M_P�g�C#�)�X��A��>ьb�J �'���>h�м)���cɄI:�lJ�|q���,Q��U
`1RQ@أ��(���
(��
(��
(��
(��R�
Z +�� iye�,|9���q��:�QO�?3e�,%���#T�vV�W���yF��x����/�Y�\v�$*#�i��ld�9�3q�@�Q6���[[t����8�����W��ѿ5���
�v��z�}�$6л����gr9�,����9�U��쮣��"jO	���R3�җs��:��M�<�� �a6��^�v���{B86�cRI�?1�H��- y+�r�ì��^7wy6�[���E��� d{ץ|�+q��V_x��5�]He��Ň'$�rF�׸��P����|T���~x�T�X���L��&������8���Y[x���� -���Υ>��#!(	���B�0c������� l}J���V�k8r��͵�ī)Ϡ��8���� ����	���@՚�[Y��%��B����� �Fc`G# mOq�-4�GH73�U����Ǌ�u�O�ך׌��֩aj�����HL� d�#Ք?x=Ee�=�>$x����� �~���	�^J��0�w�e�i�g��|�*	o�w�M��~.ՓL��O��XВ�	.�9�71�Ҁ5���oσ��>�iȆy�g�FAVy6��J�a�~Ӟ���f�w�]2�d�e�%"�M�K�ǡ��v�=+�� i]*]g�w���#h���,	@�1_�����wq⿄v�-��i,k?�&��qm��2� ђG �����`��^'�Oūٚc�]=���%����*7b<���'<�3J��ws�:�?�DC��Zĺz����.�����&3�v7<_e��^���?�,`X�����X��<g(z��:��_M |�������:-��Ht�ot0��#K!98�b$�����_1�B��[��|E~�M2�V�$&)AA(�(��K��_N/A@ e' ����W�x/�W�#�E��@HE��ąUԒ�s�5� ~6��J���n��ҵu�a��&�8��	`z�#� {%�斀
L�Zi�� ��?ǯ�Y4�T:Ƹ�ZD�V�#�|`d�����@=�#֌������u�Zi~"��zU���
��va,p��9#�ɯ��`�NA� V85�/�|Ye��"j�h�:��s.�a	���R��f�8�>fk������|��R�iee$���¨'���Ԑ:����1�v��j���1s$�cI�I�0�R?�� 	�|�w�~����G��|e�\��:$�eh�h��#8�����kִ���]��A'���Kn]\H�:p#���(��𿇤�^Ҵ�D^I���#����8Oj�������kFa�X��̅��� ��;eٮŘ/\��� �_���4[H����� ���)9�7��+@��/��K�U>���Y�y��[ɋ�j��2Lx������~hV��g��*�f��br�0�ݗs1�$���8��QE QU��M:�k����m`C$�L�#�GVf<�j����z��]hZƟ�ۣ�il�RdV��*H���EPEPIH\��_Q������.ശ�K�4�D^嘜��;��Gqq�=������UG�'�x�>?��sh4[� k��A"�E��y�N	@[�:��Y+��O�9`����y"���HӰ�'��H�qz�(�x&���	X�P��r� ��T���MK��tݭ��E+M+�T,~g%�$�5�@Q@)i- 5�W�|3�C�+��ڂ��E{ !#�"��6�����z֫ym�i������D�J�'j(�8��	�x�>Ե�6�Ṟ�Q�1Y�H��� �47�?4�?�����,� �Gv<� �?S^� ^M�'Z�m�@�$.�|�e�YZy
��+���4 QE�W��q��7�#(����Y�KF�R^�7�^���� ��|"�ޘc�[%�T߸y�#�X�_�/�ĭgH�5���u��F�"6�`J����=k�,mᴳ���6Ckk�v��z
 �ڻ�w7Z��?2Y��o>K�!�$�,�rG�<a���%��mG]��E�յ'a+&�00�e�Wk�H�0i��Qq:��k?�-rCJ�5϶\gҸo�w_}G��3���^��2T�_�(#�����}(��~.N���St���$ZEӴ3R@"o��A���������w���VX��RUӠ���Nq��BB����صϋ�]\�-�]�ݶ��?
��l����xO�c�='�B�Ȏo����f��$hz3g�� ǻPLs�q�}fx����jz�q��gg-£B�>����)�� �I�m�O��j,���]�K g���}&�|��
�]����BX����C�p��*�7F	}k���(��R��/��)��M���g�P���ˏ)�ʩr9�9�ש�S���<5�?k�T-�l�3����	�?���oj�x��������fK"����6un�1�F:
�j� �-���x<5~��]y�ܫ@�y�] S��rz`����f�}���01��=:׈�w��w�k� <����P�m����=����s����J �h����I{ះ/<�V+��ڤrڨ`6!�$� d��>���	I�C�]��.�,�ɨ�d'�݀O�O#��K㷁�Y|�t���^��k}b�-p�6!C�j�$z��5�g�m4�/�6�<�}:8c��\0�%@�+����j�~j6f	�[����3���sҽM��Ҵ�]:�J��Đ�B��9=x���WvGZ���_��S�^&��W���Mz�SQ��|��VD m�pq��A� y��e�V_k2xk@��|?���]J�^�!��T��y<�?P|��ÿ
�7�(<v1��9*��{0�<�'�� h� � ��=&�2��+^\M��/��/�;�=Muߴ'�u�x����Ô�q,Ho�m�hV$+�(���ʳc#�@H���;�����ź��!��{�K)���..�;�8TV�
�@O+ԁ_I3���s���wR�PAK,��FI?A_ ��Z��������}�����eb�Dv�b����$��le��W�?�����G�x�γ�lK�S-�g�� ,	-����x�����k��2'vӼ?h�ֻ�a�X�,�rO�һ�8�6�֯5���w1���$�#E� �W���/����hڳZxF�Fg�DX�KX�g�G�NX�b:����5��6��9��$̯���Y��s�� 1���U$`��o٣���P{=�,�&�5�Gh�`߹	�\�z.ܰ���k�Yx1�/��@֢��i��<�{�������A����K��<%6�u��^��pmfI#��\�L�� ���1^�ᯅ?��X�g�z=�6jv�}gČ��Y�%�{ 0 @�4�tF?��\� �"�� ���>;�k�>'\����˦h+ �k��K��������8����������Z�ޓ5�ƣ,	�X;��w$j��HQ�2���#��� ���<}�x��n�av�N�m> 6�'�)C�`w�;���:���=gSo�aԧ�/�`�O�S;7ɌK*��C�m P��#���|G�z�����5���p7r�=:We_!������4<1�.4=yR<�ʨI��
Όs���#$W��\��<�� 9�*��{+Y���xP��� � �$�����Ɵ	xo<�U��b���N�"�d?�9�NxG��#������w��g�D�X�B�t#�ߒ@�P[�o�k��O�߅5牵����#�A�n���������>�-��c�'�uN�YK��ms��������	`x�� ����ŏ��{}=l�3,�Aw?3rN2p3��]@�� c�S���t��{J�ӭ�U�<9',�X�z�®�u QE QE ���R�/�^���$���b�t��,A<�eGOr�^-�~=�߱���Y̲�{oc���1�+ȷ.�![l�3����ͽ�����!%����v` �י��6�A��F�!Ky�m���Y!�V$c؀���@��K]ᧇ4�7��4��۷w�L�Z�)�G0�QF�ƊF�� v� (�� B��P�~��l������")��X��b�da�r��'��<Y� _6������ci��:u��w6�1�SC"�]H�W9���>��\�����g3��6�c� ��h��O� u���S�&��������-�d��KYBI���H �3<����� ���*�D��}>!��K�
��<U�(��># ~x�#?�*�� �M[��#� �� ؐ�a��O� ��^�_5��l�>)��ᶶ�d�w"�H77�G�
A.J8�õ}(�tP�w�� n'�u��K9|���Ψ��fʻ��$c���e���^���&��᫈Ƒ��S�#�� o�d�d;�?�T��k�>1|�� ��l�ui�,�-D��a��9;`A9�]��� �/��E���e�I_s�) >���� |�e�����|�.���-�k-i&ԋn�K��|������o�����O�����$���[�/&%c�U�n$�X�O��tP�s�6?<}���I���Ǔ8c˜dc���_�d��2��� �<����Y��1S,h0��p>Q�W)�������~8�d�pXM�/��GFY�
ܶד98
y'�� 
~xg�Z5�5ٍR��Du�9c�d���j(�~>�0�����M�YjvL�X\rP1eu�Q� �A���v��^�������Q%Ɍ
����I����z��~��@��P��:W��]^�QL��N���_B9�p|��OڟG�g��ZM���X���I0\)ᙂ���y�1������|!s?�|Ytڗ�oo��]mվ��������M?��K�OY�����5�-��Ѵ�3��]Ѹ�8 ����(�/���ចp���n����� 	��D��'��$��O ԴP AKE ��9�j�8���1��z�t)��~�!�$%"2�G���9 zs���������x��� yDR0R#q�s�7�W|a�K�u�<'�v�ht�
n��2|�L�58#?y�q�����x��d�.�����G�i��x#���S~	��1�p��}����O�|#a�h���4���� og=Kԟ@:@����-��u+�׵�Q��t(X����<�x�nH>Ơ�4�()h��
(��
(��
(��R�
Z ��OP���-%��̷���dn�s�0���s^c����X�����V՝rC�Q�d!�W�Q�1Z�?l������),���%��{� VF� $,O?w�c_\�.<I�$�� ^�7��w�p��g�%�$� � {�}��x�R- QE QE QE QE QE QE q��xc���.�j�^@�������*��$�8����pGK��� �Z5������D#�Eܾd�����2��z� (�� (�� (�� (�� (�� (�� (�� (�� )��FOJua���Zg��1{�-^FK;(˾�c�T2��
 ����B�w����yw�&R���n��:�<�@>)��᷈>+x����׊].dY��,HYy;���1�X���� ����8��?�^=��/[�&���ʸV �n�C���v���#�#�UFT`�(�� �6�/�����KkG���(���F
�E�� :��Ԉ�־i�(��� �>��+r��1Ilΰ��8S F������",c��� QE QE QE QE QE ���R�]C�7#҄P�F �Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@��\���?�o�>7|k����¾���n�<�J�������OA�i���x|!��\���m�c�x였�ܺ��?{� ��	�\�����{��d][Z����,�)Ɍ1$�V�e��h���;,lm����E�a@�(ª�� 0 �⏋�|�mOė!�������e<"���ں� �_8�n�����R����Ҭ%K�z�9F:�AU#�8#�9 ���<)�����n�Fn�پ�ͳ��U�2y����#�{�W���������8-��X��F@�  U� (�� (�� (�� (�� (�� AKH)h ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( ��( �n�qKH�t��~�k����\Z�[�k\���)e@�{�\�u�6pEkn��Đ��D@��� ;W��Ӛ{[�G�_⫉��N��`��Y>X�h�{9�Ta_z�>.|_�l%�{�o������Wn1�n|�r[�84 |}�����=ֿ��ivѐ\���!^�T�IQ�"�����|�/u-�^#՛��я���%�!A�=2�����/�u_K�[�9߭^E�;O��>#��)�F� gp�e��ܗ�3@EPEPEPEPEPEP
ZAK@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@Q@!�R�@� �<!�x�������ٻ��W(��r ���Ms~��׭�ie�[ \]9�� �g��29�W�Q@Q�c9�QE QE QE QE QE QE QE  ��� QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE QE��
endstream
endobj
2 0 obj
<<
/ProcSet [/PDF /Text /ImageB /ImageC /ImageI]
/Font <<
/F1 395 0 R
/F2 399 0 R
/F3 402 0 R
/F4 0 0 R
/F5 405 0 R
/F6 409 0 R
>>
/XObject <<
/I18 412 0 R
/I11 413 0 R
/I29 414 0 R
/I10 415 0 R
/I28 416 0 R
/I35 417 0 R
/I12 418 0 R
/I37 419 0 R
/I4 420 0 R
/I2 421 0 R
/I44 422 0 R
/I21 423 0 R
/I40 424 0 R
/I41 425 0 R
/I22 426 0 R
/I34 427 0 R
/I27 428 0 R
/I24 429 0 R
/I1 430 0 R
/I9 431 0 R
/I3 432 0 R
/I31 433 0 R
/I33 434 0 R
/I8 435 0 R
/I5 436 0 R
/I25 437 0 R
/I14 438 0 R
/I38 439 0 R
/I20 440 0 R
/I7 441 0 R
/I42 442 0 R
/I32 443 0 R
/I19 444 0 R
/I23 445 0 R
/I6 446 0 R
/I16 447 0 R
/I43 448 0 R
/I26 449 0 R
/I15 450 0 R
/I13 451 0 R
/I36 452 0 R
/I17 453 0 R
/I30 454 0 R
/I39 455 0 R
>>
/ExtGState <<
/GS0 393 0 R
>>
/ColorSpace <<
>>
/Properties <</OC1 391 0 R /OC2 392 0 R>>
/Shading <<
>>
>>
endobj
456 0 obj
<</Title (Cover Page 10K)
/Parent 527 0 R
/Next 457 0 R
/C [0 0 0]
/Dest [3 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
457 0 obj
<</Title (Table of Contents 10K)
/Parent 527 0 R
/Prev 456 0 R
/Next 458 0 R
/C [0 0 0]
/Dest [5 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
458 0 obj
<</Title (Forward-Looking Statements)
/Parent 527 0 R
/Prev 457 0 R
/Next 459 0 R
/C [0 0 0]
/Dest [7 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
459 0 obj
<</Title (PART I)
/Parent 527 0 R
/Prev 458 0 R
/Next 466 0 R
/First 460 0 R
/Last 465 0 R
/C [0 0 0]
/Dest [9 0 R /XYZ 0 438.12 null]
/Count 0>>
endobj
460 0 obj
<</Title (Item 1. Business)
/Parent 459 0 R
/Next 461 0 R
/C [0 0 0]
/Dest [11 0 R /XYZ 0 729.89 null]
/Count 0>>
endobj
461 0 obj
<</Title (Item 1a. Risk Factors)
/Parent 459 0 R
/Prev 460 0 R
/Next 462 0 R
/C [0 0 0]
/Dest [41 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
462 0 obj
<</Title (Item 1b. Unresolved Staff Comments)
/Parent 459 0 R
/Prev 461 0 R
/Next 463 0 R
/C [0 0 0]
/Dest [71 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
463 0 obj
<</Title (Item 2. Properties)
/Parent 459 0 R
/Prev 462 0 R
/Next 464 0 R
/C [0 0 0]
/Dest [71 0 R /XYZ 0 705.29 null]
/Count 0>>
endobj
464 0 obj
<</Title (Item 3. Legal Proceedings)
/Parent 459 0 R
/Prev 463 0 R
/Next 465 0 R
/C [0 0 0]
/Dest [71 0 R /XYZ 0 403.49 null]
/Count 0>>
endobj
465 0 obj
<</Title (Item 4. Mine Safety Disclosures)
/Parent 459 0 R
/Prev 464 0 R
/C [0 0 0]
/Dest [71 0 R /XYZ 0 227.09 null]
/Count 0>>
endobj
466 0 obj
<</Title (PART II)
/Parent 527 0 R
/Prev 459 0 R
/Next 517 0 R
/First 467 0 R
/Last 516 0 R
/C [0 0 0]
/Dest [71 0 R /XYZ 0 164.09 null]
/Count 0>>
endobj
467 0 obj
<</Title (Item 5. Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities)
/Parent 466 0 R
/Next 468 0 R
/C [0 0 0]
/Dest [73 0 R /XYZ 0 729.89 null]
/Count 0>>
endobj
468 0 obj
<</Title (Item 6. Selected Financial Data)
/Parent 466 0 R
/Prev 467 0 R
/Next 469 0 R
/C [0 0 0]
/Dest [77 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
469 0 obj
<</Title (Item 7. Management Discussion and Analysis)
/Parent 466 0 R
/Prev 468 0 R
/Next 482 0 R
/First 470 0 R
/Last 481 0 R
/C [0 0 0]
/Dest [79 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
470 0 obj
<</Title (Executive Overview)
/Parent 469 0 R
/Next 471 0 R
/C [0 0 0]
/Dest [79 0 R /XYZ 0 717.29 null]
/Count 0>>
endobj
471 0 obj
<</Title (Business Environment)
/Parent 469 0 R
/Prev 470 0 R
/Next 472 0 R
/C [0 0 0]
/Dest [85 0 R /XYZ 0 490.49 null]
/Count 0>>
endobj
472 0 obj
<</Title (Assets Under Management)
/Parent 469 0 R
/Prev 471 0 R
/Next 473 0 R
/C [0 0 0]
/Dest [87 0 R /XYZ 0 483.52 null]
/Count 0>>
endobj
473 0 obj
<</Title (Investment Performance)
/Parent 469 0 R
/Prev 472 0 R
/Next 474 0 R
/C [0 0 0]
/Dest [97 0 R /XYZ 0 362.89 null]
/Count 0>>
endobj
474 0 obj
<</Title (Results of Operations)
/Parent 469 0 R
/Prev 473 0 R
/Next 475 0 R
/C [0 0 0]
/Dest [99 0 R /XYZ 0 227.92 null]
/Count 0>>
endobj
475 0 obj
<</Title (Supplemental Non-GAAP Financial Information)
/Parent 469 0 R
/Prev 474 0 R
/Next 476 0 R
/C [0 0 0]
/Dest [115 0 R /XYZ 0 234.32 null]
/Count 0>>
endobj
476 0 obj
<</Title (Liquidity and Capital Resources)
/Parent 469 0 R
/Prev 475 0 R
/Next 477 0 R
/C [0 0 0]
/Dest [125 0 R /XYZ 0 418.52 null]
/Count 0>>
endobj
477 0 obj
<</Title (Contractual Obligations and Contingent Payments)
/Parent 469 0 R
/Prev 476 0 R
/Next 478 0 R
/C [0 0 0]
/Dest [135 0 R /XYZ 0 149.52 null]
/Count 0>>
endobj
478 0 obj
<</Title (Market Risk)
/Parent 469 0 R
/Prev 477 0 R
/Next 479 0 R
/C [0 0 0]
/Dest [137 0 R /XYZ 0 272.69 null]
/Count 0>>
endobj
479 0 obj
<</Title (Critical Accounting Policies)
/Parent 469 0 R
/Prev 478 0 R
/Next 480 0 R
/C [0 0 0]
/Dest [143 0 R /XYZ 0 603.29 null]
/Count 0>>
endobj
480 0 obj
<</Title (Recent Accounting Developments)
/Parent 469 0 R
/Prev 479 0 R
/Next 481 0 R
/C [0 0 0]
/Dest [169 0 R /XYZ 0 389.32 null]
/Count 0>>
endobj
481 0 obj
<</Title (Item 7a. Quantitative and Qualitative Disclosures about Market Risk)
/Parent 469 0 R
/Prev 480 0 R
/C [0 0 0]
/Dest [169 0 R /XYZ 0 352.12 null]
/Count 0>>
endobj
482 0 obj
<</Title (Item 8.  Financial Statements and Supplementary Data)
/Parent 466 0 R
/Prev 469 0 R
/Next 514 0 R
/First 483 0 R
/Last 491 0 R
/C [0 0 0]
/Dest [171 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
483 0 obj
<</Title (Report of Management on Internal Control Over Financial Reporting)
/Parent 482 0 R
/Next 484 0 R
/C [0 0 0]
/Dest [171 0 R /XYZ 0 729.29 null]
/Count 0>>
endobj
484 0 obj
<</Title (Report of Independent Registered Public Accounting Firm)
/Parent 482 0 R
/Prev 483 0 R
/Next 485 0 R
/C [0 0 0]
/Dest [173 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
485 0 obj
<</Title (Consolidated Financial Statements)
/Parent 482 0 R
/Prev 484 0 R
/Next 491 0 R
/First 486 0 R
/Last 490 0 R
/C [0 0 0]
/Dest [179 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
486 0 obj
<</Title (Consolidated Balance Sheets)
/Parent 485 0 R
/Next 487 0 R
/C [0 0 0]
/Dest [179 0 R /XYZ 0 742.23 null]
/Count 0>>
endobj
487 0 obj
<</Title (Consolidated Statements of Income \(Loss\))
/Parent 485 0 R
/Prev 486 0 R
/Next 488 0 R
/C [0 0 0]
/Dest [181 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
488 0 obj
<</Title (Consolidated Statements of Comprehensive Income \(Loss\))
/Parent 485 0 R
/Prev 487 0 R
/Next 489 0 R
/C [0 0 0]
/Dest [183 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
489 0 obj
<</Title (Consolidated Statements of Changes in Stockholders' Equity)
/Parent 485 0 R
/Prev 488 0 R
/Next 490 0 R
/C [0 0 0]
/Dest [185 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
490 0 obj
<</Title (Consolidated Statements of Cash Flows)
/Parent 485 0 R
/Prev 489 0 R
/C [0 0 0]
/Dest [187 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
491 0 obj
<</Title (Notes to Consolidated Financial Statements)
/Parent 482 0 R
/Prev 485 0 R
/First 492 0 R
/Last 513 0 R
/C [0 0 0]
/Dest [191 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
492 0 obj
<</Title (1. Significant Accounting Policies)
/Parent 491 0 R
/Next 493 0 R
/C [0 0 0]
/Dest [191 0 R /XYZ 0 691.49 null]
/Count 0>>
endobj
493 0 obj
<</Title (2. Acquisitions)
/Parent 491 0 R
/Prev 492 0 R
/Next 494 0 R
/C [0 0 0]
/Dest [215 0 R /XYZ 0 615.72 null]
/Count 0>>
endobj
494 0 obj
<</Title (3. Investments and Fair Value of Assets and Liabilities)
/Parent 491 0 R
/Prev 493 0 R
/Next 495 0 R
/C [0 0 0]
/Dest [215 0 R /XYZ 0 300.72 null]
/Count 0>>
endobj
495 0 obj
<</Title (4. Fixed Assets)
/Parent 491 0 R
/Prev 494 0 R
/Next 496 0 R
/C [0 0 0]
/Dest [223 0 R /XYZ 0 361.52 null]
/Count 0>>
endobj
496 0 obj
<</Title (5. Intangible Assets and Goodwill)
/Parent 491 0 R
/Prev 495 0 R
/Next 497 0 R
/C [0 0 0]
/Dest [223 0 R /XYZ 0 152.32 null]
/Count 0>>
endobj
497 0 obj
<</Title (6. Short-term Borrowings and Long-Term Debt)
/Parent 491 0 R
/Prev 496 0 R
/Next 498 0 R
/C [0 0 0]
/Dest [229 0 R /XYZ 0 180.32 null]
/Count 0>>
endobj
498 0 obj
<</Title (7. Income Taxes)
/Parent 491 0 R
/Prev 497 0 R
/Next 499 0 R
/C [0 0 0]
/Dest [233 0 R /XYZ 0 326.09 null]
/Count 0>>
endobj
499 0 obj
<</Title (8. Leases)
/Parent 491 0 R
/Prev 498 0 R
/Next 500 0 R
/C [0 0 0]
/Dest [241 0 R /XYZ 0 246.32 null]
/Count 0>>
endobj
500 0 obj
<</Title (9. Commitments and Contingencies)
/Parent 491 0 R
/Prev 499 0 R
/Next 501 0 R
/C [0 0 0]
/Dest [245 0 R /XYZ 0 145.72 null]
/Count 0>>
endobj
501 0 obj
<</Title (10. Employee Benefits)
/Parent 491 0 R
/Prev 500 0 R
/Next 502 0 R
/C [0 0 0]
/Dest [249 0 R /XYZ 0 237.89 null]
/Count 0>>
endobj
502 0 obj
<</Title (11. Capital Stock)
/Parent 491 0 R
/Prev 501 0 R
/Next 503 0 R
/C [0 0 0]
/Dest [253 0 R /XYZ 0 405.47 null]
/Count 0>>
endobj
503 0 obj
<</Title (12. Stock-Based Compensation)
/Parent 491 0 R
/Prev 502 0 R
/Next 504 0 R
/C [0 0 0]
/Dest [255 0 R /XYZ 0 540.72 null]
/Count 0>>
endobj
504 0 obj
<</Title (13. Revenue)
/Parent 491 0 R
/Prev 503 0 R
/Next 505 0 R
/C [0 0 0]
/Dest [265 0 R /XYZ 0 741.72 null]
/Count 0>>
endobj
505 0 obj
<</Title (14. Earnings Per Share)
/Parent 491 0 R
/Prev 504 0 R
/Next 506 0 R
/C [0 0 0]
/Dest [265 0 R /XYZ 0 325.72 null]
/Count 0>>
endobj
506 0 obj
<</Title (15. Accumulated Other Comprehensive Income)
/Parent 491 0 R
/Prev 505 0 R
/Next 507 0 R
/C [0 0 0]
/Dest [267 0 R /XYZ 0 168.69 null]
/Count 0>>
endobj
507 0 obj
<</Title (16. Noncontrolling Interests)
/Parent 491 0 R
/Prev 506 0 R
/Next 508 0 R
/C [0 0 0]
/Dest [269 0 R /XYZ 0 508.69 null]
/Count 0>>
endobj
508 0 obj
<</Title (17. Derivatives and Hedging)
/Parent 491 0 R
/Prev 507 0 R
/Next 509 0 R
/C [0 0 0]
/Dest [275 0 R /XYZ 0 666.12 null]
/Count 0>>
endobj
509 0 obj
<</Title (18. Strategic Restructuring)
/Parent 491 0 R
/Prev 508 0 R
/Next 510 0 R
/C [0 0 0]
/Dest [281 0 R /XYZ 0 412.32 null]
/Count 0>>
endobj
510 0 obj
<</Title (19. Business Segment Information)
/Parent 491 0 R
/Prev 509 0 R
/Next 511 0 R
/C [0 0 0]
/Dest [283 0 R /XYZ 0 181.69 null]
/Count 0>>
endobj
511 0 obj
<</Title (20. Variable Interest Entities and Consolidation of Investment Vehicles)
/Parent 491 0 R
/Prev 510 0 R
/Next 512 0 R
/C [0 0 0]
/Dest [285 0 R /XYZ 0 632.12 null]
/Count 0>>
endobj
512 0 obj
<</Title (21. Subsequent Event)
/Parent 491 0 R
/Prev 511 0 R
/Next 513 0 R
/C [0 0 0]
/Dest [291 0 R /XYZ 0 197.92 null]
/Count 0>>
endobj
513 0 obj
<</Title (Quarterly Financial Data)
/Parent 491 0 R
/Prev 512 0 R
/C [0 0 0]
/Dest [293 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
514 0 obj
<</Title (Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure)
/Parent 466 0 R
/Prev 482 0 R
/Next 515 0 R
/C [0 0 0]
/Dest [295 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
515 0 obj
<</Title (Item 9a. Controls and Procedures)
/Parent 466 0 R
/Prev 514 0 R
/Next 516 0 R
/C [0 0 0]
/Dest [295 0 R /XYZ 0 692.69 null]
/Count 0>>
endobj
516 0 obj
<</Title (Item 9b. Other Information)
/Parent 466 0 R
/Prev 515 0 R
/C [0 0 0]
/Dest [295 0 R /XYZ 0 402.89 null]
/Count 0>>
endobj
517 0 obj
<</Title (PART III)
/Parent 527 0 R
/Prev 466 0 R
/Next 523 0 R
/First 518 0 R
/Last 522 0 R
/C [0 0 0]
/Dest [297 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
518 0 obj
<</Title (Item 10. Directors, Executive Officers and Corporate Governance)
/Parent 517 0 R
/Next 519 0 R
/C [0 0 0]
/Dest [297 0 R /XYZ 0 729.89 null]
/Count 0>>
endobj
519 0 obj
<</Title (Item 11. Executive Compensation)
/Parent 517 0 R
/Prev 518 0 R
/Next 520 0 R
/C [0 0 0]
/Dest [307 0 R /XYZ 0 540.12 null]
/Count 0>>
endobj
520 0 obj
<</Title (Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters)
/Parent 517 0 R
/Prev 519 0 R
/Next 521 0 R
/C [0 0 0]
/Dest [373 0 R /XYZ 0 674.12 null]
/Count 0>>
endobj
521 0 obj
<</Title (Item 13. Certain Relationships and Related Transactions, and Director Independence)
/Parent 517 0 R
/Prev 520 0 R
/Next 522 0 R
/C [0 0 0]
/Dest [377 0 R /XYZ 0 351.29 null]
/Count 0>>
endobj
522 0 obj
<</Title (Item 14. Principal Accountant Fees and Services)
/Parent 517 0 R
/Prev 521 0 R
/C [0 0 0]
/Dest [379 0 R /XYZ 0 678.72 null]
/Count 0>>
endobj
523 0 obj
<</Title (PART IV)
/Parent 527 0 R
/Prev 517 0 R
/Next 526 0 R
/First 524 0 R
/Last 525 0 R
/C [0 0 0]
/Dest [381 0 R /XYZ 0 792.00 null]
/Count 0>>
endobj
524 0 obj
<</Title (Item 15. Exhibits and Financial Statement Schedules)
/Parent 523 0 R
/Next 525 0 R
/C [0 0 0]
/Dest [381 0 R /XYZ 0 729.29 null]
/Count 0>>
endobj
525 0 obj
<</Title (Item 16. Form 10-K Summary)
/Parent 523 0 R
/Prev 524 0 R
/C [0 0 0]
/Dest [387 0 R /XYZ 0 429.80 null]
/Count 0>>
endobj
526 0 obj
<</Title (Signatures)
/Parent 527 0 R
/Prev 523 0 R
/C [0 0 0]
/Dest [387 0 R /XYZ 0 380.00 null]
/Count 0>>
endobj
527 0 obj
<</Type /Outlines /First 456 0 R
/Last 526 0 R>>
endobj
528 0 obj
<<
/Producer (WebFilings)
/Title (LM_10K_3.31.2020)
/CreationDate (D:202005281739)
>>
endobj
529 0 obj
<<
/Type /Catalog
/Pages 1 0 R
/PageLayout /OneColumn
/ViewerPreferences << /HideToolbar false /HideMenubar false /HideWindowUI false /FitWindow false /CenterWindow false /DisplayDocTitle true >>
/Outlines 527 0 R
/PageMode /UseOutlines
/OCProperties <</OCGs [391 0 R 392 0 R] /D <</ON [391 0 R] /OFF [392 0 R] /AS [<</Event /Print /OCGs [391 0 R 392 0 R] /Category [/Print]>> <</Event /View /OCGs [391 0 R 392 0 R] /Category [/View]>>]>>>>
>>
endobj
xref
0 530
0000000000 65535 f 
0000000009 00000 n 
0008074514 00000 n 
0000001559 00000 n 
0000001677 00000 n 
0000018356 00000 n 
0000018474 00000 n 
0000026634 00000 n 
0000026752 00000 n 
0000060781 00000 n 
0000060900 00000 n 
0000069606 00000 n 
0000069726 00000 n 
0000110800 00000 n 
0000110920 00000 n 
0000170923 00000 n 
0000171043 00000 n 
0000250864 00000 n 
0000250984 00000 n 
0000336737 00000 n 
0000336857 00000 n 
0000420000 00000 n 
0000420120 00000 n 
0000483723 00000 n 
0000483843 00000 n 
0000555868 00000 n 
0000555988 00000 n 
0000626568 00000 n 
0000626688 00000 n 
0000693528 00000 n 
0000693648 00000 n 
0000773086 00000 n 
0000773206 00000 n 
0000834211 00000 n 
0000834331 00000 n 
0000893014 00000 n 
0000893134 00000 n 
0000980810 00000 n 
0000980930 00000 n 
0001049818 00000 n 
0001049938 00000 n 
0001099521 00000 n 
0001099641 00000 n 
0001144587 00000 n 
0001144707 00000 n 
0001196311 00000 n 
0001196431 00000 n 
0001244550 00000 n 
0001244670 00000 n 
0001325473 00000 n 
0001325593 00000 n 
0001401715 00000 n 
0001401835 00000 n 
0001495604 00000 n 
0001495724 00000 n 
0001575250 00000 n 
0001575370 00000 n 
0001663778 00000 n 
0001663898 00000 n 
0001739440 00000 n 
0001739560 00000 n 
0001827515 00000 n 
0001827635 00000 n 
0001897250 00000 n 
0001897370 00000 n 
0001957629 00000 n 
0001957749 00000 n 
0002037583 00000 n 
0002037703 00000 n 
0002122680 00000 n 
0002122800 00000 n 
0002167013 00000 n 
0002167133 00000 n 
0002214741 00000 n 
0002214861 00000 n 
0002241312 00000 n 
0002241432 00000 n 
0002249367 00000 n 
0002249487 00000 n 
0002282073 00000 n 
0002282193 00000 n 
0002321066 00000 n 
0002321186 00000 n 
0002369294 00000 n 
0002369414 00000 n 
0002397716 00000 n 
0002397836 00000 n 
0002427761 00000 n 
0002427881 00000 n 
0002446686 00000 n 
0002446806 00000 n 
0002488399 00000 n 
0002488519 00000 n 
0002507424 00000 n 
0002507544 00000 n 
0002545374 00000 n 
0002545494 00000 n 
0002570892 00000 n 
0002571012 00000 n 
0002607453 00000 n 
0002607574 00000 n 
0002651317 00000 n 
0002651439 00000 n 
0002688531 00000 n 
0002688653 00000 n 
0002728506 00000 n 
0002728628 00000 n 
0002750409 00000 n 
0002750531 00000 n 
0002787661 00000 n 
0002787783 00000 n 
0002825773 00000 n 
0002825895 00000 n 
0002860291 00000 n 
0002860413 00000 n 
0002903815 00000 n 
0002903937 00000 n 
0002950171 00000 n 
0002950293 00000 n 
0002980065 00000 n 
0002980187 00000 n 
0003003058 00000 n 
0003003180 00000 n 
0003039484 00000 n 
0003039606 00000 n 
0003061659 00000 n 
0003061781 00000 n 
0003096313 00000 n 
0003096435 00000 n 
0003137419 00000 n 
0003137541 00000 n 
0003172308 00000 n 
0003172430 00000 n 
0003203632 00000 n 
0003203754 00000 n 
0003244394 00000 n 
0003244516 00000 n 
0003277905 00000 n 
0003278027 00000 n 
0003322732 00000 n 
0003322854 00000 n 
0003354721 00000 n 
0003354843 00000 n 
0003387758 00000 n 
0003387880 00000 n 
0003427757 00000 n 
0003427879 00000 n 
0003468059 00000 n 
0003468181 00000 n 
0003511827 00000 n 
0003511949 00000 n 
0003553607 00000 n 
0003553729 00000 n 
0003597462 00000 n 
0003597584 00000 n 
0003638476 00000 n 
0003638598 00000 n 
0003670264 00000 n 
0003670386 00000 n 
0003708428 00000 n 
0003708550 00000 n 
0003752713 00000 n 
0003752835 00000 n 
0003795048 00000 n 
0003795170 00000 n 
0003836188 00000 n 
0003836310 00000 n 
0003881044 00000 n 
0003881166 00000 n 
0003924765 00000 n 
0003924887 00000 n 
0003950062 00000 n 
0003950184 00000 n 
0003970471 00000 n 
0003970593 00000 n 
0004004455 00000 n 
0004004577 00000 n 
0004044737 00000 n 
0004044859 00000 n 
0004073540 00000 n 
0004073662 00000 n 
0004091658 00000 n 
0004091780 00000 n 
0004109272 00000 n 
0004109394 00000 n 
0004116241 00000 n 
0004116363 00000 n 
0004144183 00000 n 
0004144305 00000 n 
0004156613 00000 n 
0004156735 00000 n 
0004177101 00000 n 
0004177223 00000 n 
0004210397 00000 n 
0004210519 00000 n 
0004252288 00000 n 
0004252410 00000 n 
0004295170 00000 n 
0004295292 00000 n 
0004338982 00000 n 
0004339104 00000 n 
0004379698 00000 n 
0004379820 00000 n 
0004418685 00000 n 
0004418807 00000 n 
0004458143 00000 n 
0004458265 00000 n 
0004499304 00000 n 
0004499426 00000 n 
0004541883 00000 n 
0004542005 00000 n 
0004579762 00000 n 
0004579884 00000 n 
0004616064 00000 n 
0004616186 00000 n 
0004655096 00000 n 
0004655218 00000 n 
0004677693 00000 n 
0004677815 00000 n 
0004696593 00000 n 
0004696715 00000 n 
0004731386 00000 n 
0004731508 00000 n 
0004761052 00000 n 
0004761174 00000 n 
0004780125 00000 n 
0004780247 00000 n 
0004813075 00000 n 
0004813197 00000 n 
0004859940 00000 n 
0004860062 00000 n 
0004886909 00000 n 
0004887031 00000 n 
0004921316 00000 n 
0004921438 00000 n 
0004950729 00000 n 
0004950851 00000 n 
0004988992 00000 n 
0004989114 00000 n 
0005020731 00000 n 
0005020853 00000 n 
0005042708 00000 n 
0005042830 00000 n 
0005080996 00000 n 
0005081118 00000 n 
0005101692 00000 n 
0005101814 00000 n 
0005118347 00000 n 
0005118469 00000 n 
0005160653 00000 n 
0005160775 00000 n 
0005194227 00000 n 
0005194349 00000 n 
0005223850 00000 n 
0005223972 00000 n 
0005250022 00000 n 
0005250144 00000 n 
0005275856 00000 n 
0005275978 00000 n 
0005297955 00000 n 
0005298077 00000 n 
0005318804 00000 n 
0005318926 00000 n 
0005360193 00000 n 
0005360315 00000 n 
0005407438 00000 n 
0005407560 00000 n 
0005424315 00000 n 
0005424437 00000 n 
0005447348 00000 n 
0005447470 00000 n 
0005462804 00000 n 
0005462926 00000 n 
0005484363 00000 n 
0005484485 00000 n 
0005516411 00000 n 
0005516533 00000 n 
0005554501 00000 n 
0005554623 00000 n 
0005575422 00000 n 
0005575544 00000 n 
0005593967 00000 n 
0005594089 00000 n 
0005609085 00000 n 
0005609207 00000 n 
0005639742 00000 n 
0005639864 00000 n 
0005670645 00000 n 
0005670767 00000 n 
0005692069 00000 n 
0005692191 00000 n 
0005724215 00000 n 
0005724337 00000 n 
0005752288 00000 n 
0005752410 00000 n 
0005780000 00000 n 
0005780122 00000 n 
0005795810 00000 n 
0005795932 00000 n 
0005855408 00000 n 
0005855530 00000 n 
0005901814 00000 n 
0005901936 00000 n 
0005979491 00000 n 
0005979613 00000 n 
0006024234 00000 n 
0006024356 00000 n 
0006070015 00000 n 
0006070137 00000 n 
0006101560 00000 n 
0006101682 00000 n 
0006137314 00000 n 
0006137436 00000 n 
0006165599 00000 n 
0006165721 00000 n 
0006198163 00000 n 
0006198285 00000 n 
0006234558 00000 n 
0006234680 00000 n 
0006261592 00000 n 
0006261714 00000 n 
0006281696 00000 n 
0006281818 00000 n 
0006304967 00000 n 
0006305089 00000 n 
0006330525 00000 n 
0006330647 00000 n 
0006341544 00000 n 
0006341666 00000 n 
0006355102 00000 n 
0006355224 00000 n 
0006386023 00000 n 
0006386145 00000 n 
0006407369 00000 n 
0006407491 00000 n 
0006444241 00000 n 
0006444363 00000 n 
0006483430 00000 n 
0006483552 00000 n 
0006514627 00000 n 
0006514749 00000 n 
0006553800 00000 n 
0006553922 00000 n 
0006615676 00000 n 
0006615798 00000 n 
0006652447 00000 n 
0006652569 00000 n 
0006682956 00000 n 
0006683078 00000 n 
0006700109 00000 n 
0006700231 00000 n 
0006726250 00000 n 
0006726372 00000 n 
0006758618 00000 n 
0006758740 00000 n 
0006800559 00000 n 
0006800681 00000 n 
0006837336 00000 n 
0006837458 00000 n 
0006888839 00000 n 
0006888961 00000 n 
0006937208 00000 n 
0006937330 00000 n 
0006989848 00000 n 
0006989970 00000 n 
0007040407 00000 n 
0007040529 00000 n 
0007083929 00000 n 
0007084051 00000 n 
0007114535 00000 n 
0007114657 00000 n 
0007168189 00000 n 
0007168311 00000 n 
0007207902 00000 n 
0007208024 00000 n 
0007235949 00000 n 
0007236071 00000 n 
0007258248 00000 n 
0007258370 00000 n 
0007322566 00000 n 
0007322688 00000 n 
0007344571 00000 n 
0007344693 00000 n 
0007354287 00000 n 
0007354409 00000 n 
0007367291 00000 n 
0007367413 00000 n 
0007380900 00000 n 
0007381022 00000 n 
0007387176 00000 n 
0007387298 00000 n 
0007397711 00000 n 
0007397821 00000 n 
0007397930 00000 n 
0007398009 00000 n 
0007538467 00000 n 
0007538640 00000 n 
0007539560 00000 n 
0007539809 00000 n 
0007664448 00000 n 
0007664626 00000 n 
0007665551 00000 n 
0007665802 00000 n 
0007665900 00000 n 
0007666003 00000 n 
0007790945 00000 n 
0007791125 00000 n 
0007792043 00000 n 
0007792300 00000 n 
0007908207 00000 n 
0007908391 00000 n 
0007909312 00000 n 
0007909571 00000 n 
0007911095 00000 n 
0007913171 00000 n 
0007914501 00000 n 
0007916025 00000 n 
0007917355 00000 n 
0007918685 00000 n 
0007920220 00000 n 
0007921060 00000 n 
0007921992 00000 n 
0007923430 00000 n 
0007924487 00000 n 
0007926022 00000 n 
0007930653 00000 n 
0007931710 00000 n 
0007933786 00000 n 
0007935116 00000 n 
0007936446 00000 n 
0008007813 00000 n 
0008009736 00000 n 
0008011788 00000 n 
0008013864 00000 n 
0008015194 00000 n 
0008016524 00000 n 
0008018576 00000 n 
0008020111 00000 n 
0008021441 00000 n 
0008022879 00000 n 
0008034154 00000 n 
0008036230 00000 n 
0008037162 00000 n 
0008038219 00000 n 
0008039549 00000 n 
0008040441 00000 n 
0008050976 00000 n 
0008052511 00000 n 
0008053949 00000 n 
0008055006 00000 n 
0008056336 00000 n 
0008057774 00000 n 
0008059697 00000 n 
0008060537 00000 n 
0008061975 00000 n 
0008063305 00000 n 
0008075346 00000 n 
0008075474 00000 n 
0008075623 00000 n 
0008075777 00000 n 
0008075940 00000 n 
0008076071 00000 n 
0008076221 00000 n 
0008076384 00000 n 
0008076531 00000 n 
0008076685 00000 n 
0008076831 00000 n 
0008076996 00000 n 
0008077214 00000 n 
0008077374 00000 n 
0008077574 00000 n 
0008077707 00000 n 
0008077856 00000 n 
0008078008 00000 n 
0008078159 00000 n 
0008078309 00000 n 
0008078482 00000 n 
0008078643 00000 n 
0008078820 00000 n 
0008078961 00000 n 
0008079119 00000 n 
0008079279 00000 n 
0008079462 00000 n 
0008079673 00000 n 
0008079854 00000 n 
0008080039 00000 n 
0008080231 00000 n 
0008080374 00000 n 
0008080546 00000 n 
0008080732 00000 n 
0008080920 00000 n 
0008081073 00000 n 
0008081260 00000 n 
0008081410 00000 n 
0008081555 00000 n 
0008081740 00000 n 
0008081885 00000 n 
0008082048 00000 n 
0008082221 00000 n 
0008082366 00000 n 
0008082505 00000 n 
0008082667 00000 n 
0008082818 00000 n 
0008082965 00000 n 
0008083123 00000 n 
0008083264 00000 n 
0008083416 00000 n 
0008083588 00000 n 
0008083746 00000 n 
0008083903 00000 n 
0008084060 00000 n 
0008084222 00000 n 
0008084423 00000 n 
0008084573 00000 n 
0008084713 00000 n 
0008084935 00000 n 
0008085097 00000 n 
0008085239 00000 n 
0008085406 00000 n 
0008085585 00000 n 
0008085746 00000 n 
0008085979 00000 n 
0008086191 00000 n 
0008086354 00000 n 
0008086520 00000 n 
0008086687 00000 n 
0008086829 00000 n 
0008086955 00000 n 
0008087021 00000 n 
0008087124 00000 n 
trailer
<<
/Size 530
/Root 529 0 R
/Info 528 0 R
>>
startxref
8087585
%%EOF